Water Soluble Packaging Market Analysis: Industry Rising to US$ 4,786 Million by 2033

Water-soluble packaging is an innovative and sustainable solution designed to dissolve or disintegrate in water, offering various environmental benefits and applications.

The Water-soluble Packaging Market is projected to reach US$3,220 Million in 2023 and be worth US$ 4,786 Million by 2033 with a CAGR of 4.0%.

The sustainable packaging sector is experiencing significant growth, with water-soluble packaging emerging as a key player in providing eco-friendly solutions for product packaging. The industry is propelled by an increasing need for environmentally responsible packaging, governmental restrictions on plastic waste, and a heightened awareness among consumers regarding environmental concerns.

The demand for packaging that minimizes environmental impact is on the rise, pushing the Water-soluble Packaging Market to expand rapidly. Governments around the world are implementing regulations to curb plastic waste, further encouraging businesses to adopt sustainable alternatives. Consumers are becoming more conscious of their ecological footprint, driving a shift towards products packaged in materials that are easily soluble in water.

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Key points about water-soluble packaging:

  1. Eco-Friendly Material: Water-soluble packaging is typically made from biodegradable and water-soluble materials, such as polymers derived from natural sources like cornstarch or cellulose. This makes the packaging environmentally friendly, reducing the impact of traditional non-biodegradable packaging on ecosystems.
  2. Reduced Waste: One of the primary advantages of water-soluble packaging is its ability to dissolve in water, leaving no residue. This feature significantly reduces waste and contributes to a more sustainable and circular approach to packaging.
  3. Applications in Single-Use Items: Water-soluble packaging is often used for single-use items, such as laundry detergent pods, dishwasher detergent packets, or personal care products like soap sheets. These items can be conveniently used and then dissolved, minimizing packaging waste.
  4. Water-Soluble Films: Water-soluble films are a common form of this packaging, offering a thin and flexible material that dissolves in contact with water. These films are used for a range of applications, from packaging individual items to agricultural applications like soluble pouches for fertilizers.

Market Drivers

  1. Reduced Waste:  The water-soluble nature of these materials reduces packaging waste. It dissolves in water, eliminating the need for traditional disposal methods, such as recycling or landfilling, which can be beneficial in reducing overall environmental impact.
  2. Environmental Sustainability:  With a rising global emphasis on eco-friendly solutions, water-soluble packaging provides an environmentally sustainable alternative. It addresses concerns about plastic pollution and aligns with the increasing demand for sustainable packaging options.
  3. Consumer Convenience:  Water-soluble packaging offers convenience, especially in applications like single-use detergent pods or soluble food wrappers. Consumers appreciate the ease of use and disposal, contributing to the market’s popularity.
  4. Innovation in Industries:  Industries such as pharmaceuticals, agriculture, and food are adopting water-soluble packaging for various applications. This increasing versatility contributes to the market’s expansion as manufacturers explore new and innovative uses.

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Key Players

  • Lithey Inc.
  • Mondi Group
  • Sekisui Chemicals
  • Kuraray Co.Ltd
  • Mitsubishi Chemicals Holdings
  • Aquapak Polymers Ltd
  • Lactips
  • Cortec Corporation
  • Acedag Ltd.
  • MSD Corporation
  • Prodotti Solutions
  • JRF Technology LLC
  • Amtopak Inc.

Competitive Landscape:

The competitive landscape is driven by factors such as innovation, sustainability, cost-effectiveness, and regulatory compliance. Market players are focusing on expanding their product offerings, developing new materials and technologies, and collaborating with other companies and institutions.

  • According to Aquapak Polymer Ltd. (UK), the Finisterre garment sector released Aquapak polymer garment packaging bags in October 2021. To replace traditional packaging, the business wants to use soluble packing.
  • Powerflute Group, a subsidiary of Nordic Packaging and Container Holdings, was acquired by Mondi Group (Austria) in June 2020. To expand its innovative packaging business in Europe.
  • Kuraray Co. Ltd. (Japan) opened a water-soluble film production unit in Indiana, United States, in March 2020. The advancement may help the company’s capacity to increase its manufacturing capabilities.

Segmentation Analysis of the Market:

By Raw Material:

  • Polymers
  • Surfactants
  • Fibers

By Design:

  • Plate
  • Tubular

By End-user Industry:

  • Industrial
  • Food and Beverages
  • Pharmaceuticals
  • Agriculture
  • Chemical
  • Water Treatment
  • Residential

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nanocrystal Packaging Coating Market Soars: Industry worth US$ 289 Million by 2033

The nanocrystal packaging coating market is poised for substantial growth in the upcoming years. It is anticipated that the market will reach a value of approximately US$ 187 million in 2023 and is on a trajectory to expand to a noteworthy US$ 289 million by 2033. This growth is underpinned by a robust projected Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period.

One of the key drivers of this market is the remarkable ability of nanocrystal packaging coatings to enhance the strength, stiffness, and durability of materials. This enhancement is achieved by fortifying the material’s surface with a layer of nanocrystals, which are exceptionally small and precise in their structure. Such improvements are particularly valuable in applications where materials undergo significant stress and strain, such as in the demanding automotive and aerospace sectors.

Nanoparticle-infused packaging coatings extend their benefits beyond functional aspects, offering a touch of sophistication to product aesthetics. The inherent compactness of these nanocrystals contributes to the creation of coatings with exceptional translucency or reflective properties. This results in a visually appealing finish that imparts a chic and contemporary look to the packaged product, elevating its overall aesthetic appeal.

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Sustainable Future with Nanocrystal Packaging

Enhanced Environmental Performance: Nanocrystal coatings, when applied to surfaces like those in buildings and vehicles, can optimize energy usage by mitigating heat transfer and improving insulation. This advancement has the potential to curtail greenhouse gas emissions and foster a reduction in overall energy consumption, thereby enhancing the environmental performance of these structures and vehicles.

Resource Conservation: The integration of nanocrystal packaging coatings presents an opportunity to prolong the lifespan of packaging materials and components in machinery, diminishing the frequency of replacements and repairs. This approach holds promise for curbing waste generation and contributing to the overall sustainability of relevant industries.

Transition to Sustainable Materials: Nanocrystal coatings offer an alternative to conventional petroleum-based materials by providing a route to utilizing renewable resources, including plant-based materials. This shift has the potential to diminish the industry’s reliance on fossil fuels, promoting the adoption of sustainable practices and materials.

Market Drivers:

  1. Enhanced Material Properties: Nanocrystal packaging coatings are known for their ability to strengthen and improve the properties of materials. This includes increasing material strength, stiffness, and durability, which is highly attractive for industries seeking to enhance product performance.
  2. Rising Focus on Nanotechnology: The broader adoption of nanotechnology across various industries fuels the demand for nanocrystal coatings as manufacturers and researchers recognize the potential of nanomaterials in product enhancement.
  3. Expanding Automotive Sector: The automotive industry is a significant driver of demand for nanocrystal packaging coatings. As car manufacturers aim to reduce vehicle weight while maintaining structural integrity, nanocrystal coatings are used to achieve this balance.
  4. Aerospace Industry Applications: The aerospace sector relies on lightweight, high-performance materials. Nanocrystal coatings provide an avenue to enhance the strength and durability of materials used in aircraft, leading to increased demand.
  5. Sustainability and Efficiency: Nanocrystal coatings can contribute to making products more sustainable and efficient, as they enable the use of less material while maintaining or even improving performance. This aligns with sustainability goals and cost-efficiency.

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Key Players

Nanoco Group plc, Tekra Corporation, Nanosys Inc., Navillum Nanotechnologies, Quantum Materials Corp., and others.

Key Segments

By Material:

  • Polymer
  • Metal
  • Ceramic
  • Composite
  • Others

By Function Type:

  • Barrier Coatings
  • Antimicrobial Coatings
  • Scratch-resistant Coatings
  • UV-blocking Coatings
  • Conductive Coatings

By End Use:

  • Food and Beverage
  • Healthcare
  • Personal Care and Cosmetics
  • Industrial and Chemicals
  • Electrical & Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Faith-Based Tourism Market Forecasts a Financial Boom, Anticipating a US$ 40.92 Billion Revenue Surge with a Noteworthy 10.5% Growth Rate by 2033 | FMI

The global faith-based tourism market could total US$ 15.07 billion by 2023. The report also discloses that the market is expected to boom at a remarkable CAGR of 10.5%, surpassing a market valuation of US$ 40.92 billion by 2033.

More individuals are traveling to places that are significant to their faith or beliefs as a result of growing religious diversity and globalization. There is a growing interest in these individuals in participating in interfaith activities. They desire to gain insight into other cultures and religions. This is likely to open up the potential for faith-based tourism.

Faith-based tourism allows tourists to have genuine and meaningful experiences. This includes attending religious services, taking part in rituals, and interacting with the local population. This is consistent with the rising demand for immersive travel. Here, tourists aim to fully engage themselves in the cultures and customs of the places they visit.

Growing desire in exploring deeper spiritual and religious connections is primarily driving the market. Many individuals are seeking deep travel experiences that let them discover and interact with spiritual or religious places.

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Travel is becoming more affordable and accessible to a wider proportion of the population. Increased disposable incomes in many regions of the world are the reason behind this. A demand exists for faith-based tourism experiences as more individuals can travel on religious or spiritual pilgrimages to pursue their interests.

Through the use of online reservation services, travel apps, and social media, traveling on a religious basis has never been easier or more convenient. Travelers now find it easy to plan, reserve, and share their faith-based travel adventures. This is likely to fuel the expansion of the faith-based tourism industry.

Key Trends in the Faith-Based Tourism Market

In recent years, the global travel landscape has witnessed a significant surge in a distinctive niche – Faith-Based Tourism. This unique sector caters to individuals seeking spiritual enrichment, pilgrimage experiences, and cultural exploration tied to their religious beliefs. As we delve into the key trends shaping the Faith-Based Tourism Market, a fascinating tapestry of cultural, technological, and experiential shifts comes to light.

  • Tech-Enhanced Pilgrimages: Embracing modernity without compromising tradition, Faith-Based Tourism has seamlessly integrated technology. Mobile apps, virtual reality, and augmented reality now facilitate virtual pilgrimages, allowing believers to immerse themselves in sacred sites and religious ceremonies remotely.
  • Sustainable and Responsible Travel: An increasing consciousness towards environmental sustainability and responsible tourism is transforming the Faith-Based Tourism Market. Pilgrims are opting for eco-friendly accommodations, sustainable transport, and supporting local communities to minimize their environmental impact.
  • Diversification of Pilgrimage Destinations: Beyond traditional pilgrimage sites, there is a growing trend of exploring alternative destinations with historical or cultural significance. Pilgrims are seeking new spiritual experiences by venturing off the beaten path, contributing to the economic development of lesser-known locales.
  • Customized Faith Journeys: Tour operators are recognizing the diverse needs of the faith-based traveler. Tailor-made itineraries, catering to specific religious and cultural preferences, are gaining popularity. This trend reflects a shift from standardized packages to personalized and immersive experiences.

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Competitive Landscape

Faith-based tourism market players include tour operators, travel agencies, and pilgrimage planners. Moreover, religious institutions, accommodation corporations, transportation businesses, and online travel agencies. They provide different services, including planning religious tours and pilgrimages, delivering spiritual experiences, and offering alternatives for lodging and transportation. In addition, they also arrange for well-informed guides, manage religious rituals, and provide cultural insights to meet the special requirements and interests of tourists.

Key Players

  • Martin Randall Travel Ltd
  • Heritage Tours & Travels
  • Bestway Tours & Safaris
  • Regina Tours
  • Travelway Europe
  • SpainTOP
  • 206 Tours Inc.
  • Maranatha Tours
  • Indus Travels Inc.
  • Brightspark Travel Inc.
  • Wendy Wu Tours
  • ACE Cultural Tours
  • Kesari Tours Pvt Ltd
  • Go Thailand Tours
  • S. Travel & Tours Co., Ltd
  • Vansol Travel & Tours
  • Catholic Travel Centre
  • Amiel Tours LTD
  • Israel Travel Providers, LLC
  • Gil Travel Group

Key Developments

  • The Culture Travel Company was founded in 2017 by Martin Randall Travel Ltd. The goal of this invention is to provide top-notch cultural travel experiences at reasonable costs. The opening of this brand-new business provides customers with different tours, group dinners, and free time.
  • Additional pilgrimages have been introduced by Regina Tours to both nearby and distant locations, including Canada, Mexico, Greece, Germany, Poland, and Ireland.

Global Faith-based Tourism Market by Category

By Type:

  • Day Trips & Local Gateways
  • Museums
  • Pilgrimages
  • Religious and Heritage Tours
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15 to 25 Years
  • 26 to 35 Years
  • 36 to 45 Years
  • 46 to 55 Years
  • 66 to 75 Years

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa(MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Designing the Future: Innovations and Technologies Transforming Decor Paper in Europe

“Decor paper” typically refers to a type of paper that is specifically designed for decorative purposes. This type of paper is commonly used in various applications, such as interior design, furniture manufacturing, and home decor.

The escalating appetite for enhancing the aesthetics of furniture and cabinets across Europe is poised to provide a substantial boost to the sales of décor paper in the region. In 2022, the revenue of the European décor paper market amounted to a robust US$ 985.5 million.

By the end of 2032, Europe Décor Paper Market is expected to have a value of US$ 1,406.4 million. According to projections, the top 5 businesses will control between 50% and 55% of the Europe market.

The décor paper market in Europe manufactures both high-pressure laminates (HPL) and low-pressure laminates (LPL) to cater to various demands from end users. The production process of HPL entails the impregnation of a technical kraft paper with resin.

Décor papers are resistant to UV damage, heat, moisture, and everyday wear & tear, which makes them perfect for outdoor, as well as indoor decoration. HPL décor laminates are well suited for medium-impact to high-impact applications

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Market Growth Factors

The rising popularity of ready-to-assemble (RTA) furniture is significantly influencing the demand for décor paper across Europe. This innovative furniture category requires basic tools for assembly, enabling the creation of various furniture items such as cabinets and fixtures. The surge in demand for RTA furniture has become prominent in the European market, and key players like IKEA, a Swedish furniture company, have played a pivotal role in shaping consumer preferences for décor paper in the region.

The affordability of RTA furniture that incorporates décor paper elements is a key driver of its widespread adoption. Compared to purchasing fully assembled furniture, RTA options are cost-effective and often provide customization possibilities. This affordability factor, coupled with the convenience of self-assembly, has contributed to the growing consumer interest in RTA furniture, thereby fueling the demand for décor paper in the European market.

As the European furniture landscape continues to embrace the RTA trend, décor paper remains a crucial component in enhancing the aesthetic appeal and finish of these assemble-it-yourself furniture pieces. This market dynamic underscores the importance of décor paper in catering to the evolving preferences and purchasing behavior of consumers in the European furniture sector.

Key Takeaways from Europe Décor Paper Market Study:

  • The Europe décor paper market witnessed a sluggish CAGR of 2.1% during the historical period.
  • Germany’s décor paper market is projected to accelerate at a CAGR of 4.7% during the forecast period.
  • The low-pressure laminates (LPL) segment by application is estimated to showcase a CAGR of 3.8% from 2023 to 2032.
  • Based on end use, the furniture and cabinets segment is projected to create an incremental opportunity of US$ 284.0 million during the forecast period.
  • Russia’s décor paper market is predicted to account for a market share of 16.8% in 2023.

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Latest Developments

In March 2022, Prestige Prints unveiled plans for an advanced manufacturing facility set to be established in France, featuring a state-of-the-art 6-color printing press. This strategic investment is anticipated to yield an annual production capacity of 5,000 tons of premium printed papers, reinforcing Prestige Prints’ commitment to meeting growing market demands.

In September 2022, WoodCraftWare inaugurated a cutting-edge distribution hub in the key location of Ghent, Belgium. This facility is strategically positioned to efficiently serve the increasing demand in the surrounding region, ensuring a cost-effective approach that results in expedited delivery times for customers.

Major Key Players are:

  • Ahlstrom-Munksjö Oyj
  • Neodécortech S.p.A.
  • Schoeller Technocell GmbH & Co. KG
  • Koehler Paper
  • Malta-Décor Sp. z.o.o.
  • Surteco Group SE
  • KÄMMERER Spezialpapiere GmbH
  • Schatt Décor AG
  • Kastamonu Entegre
  • BMK-Lamigraf
  • Others.

Market Segmentations-

By Product Type:

  • Print Base Paper
  • Absorbent Kraft Paper
  • Others (Barrier, Overlay)

By Basis Weight:

  • Below 65 g/m2
  • 65 to 80 g/m2
  • 81 to 120 g/m2
  • 120 Above g/m2

By Application:

  • Low-Pressure Laminates
  • High-Pressure Laminates
  • Edge Banding

By End Use:

  • Furniture & Cabinets
  • Flooring
  • Paneling
  • Store Fixtures

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Bleisure Tourism Market Foresees Striking 19.5% CAGR, Targeting a Noteworthy US$ 3,530.53 Billion by 2033 | FMI

In 2023, the bleisure tourism market is anticipated to surpass US$ 594.51 billion. By 2033, the market valuation is anticipated to reach US$ 3,530.53 billion thanks to a staggering 19.5% CAGR in demand growth.

The expansion of flexible work arrangements, which enable workers to work from any location, is one of the primary drivers. As a result, many workers are utilizing this chance to combine work-related travel with leisure pursuits, developing a new market for bleisure tourism.

Despite having tremendous growth opportunities, the bleisure tourism sector confronts several difficulties. Catering to the different demands of bleisure travelers with varying preferences for work and leisure activities is one of the main challenges.

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Service providers need to offer customized interactions that change based on consumer choices. Making sure that leisure travelers have a flawless journey is another difficulty. To deliver a hassle-free travel experience, service providers including airlines, hotels, and transportation companies must collaborate.

For companies and individuals considering investing in the tourism sector, the leisure industry offers a wide range of investment options. The possibility to invest in housing, transportation, and other services that cater to leisure travelers has been made possible by the rising demand for this kind of travel.

Key Trends in the Bleisure Tourism Market

In recent years, the travel industry has witnessed a paradigm shift with the emergence of a distinctive trend – Bleisure Tourism. A fusion of business and leisure, this burgeoning market segment is reshaping the way professionals approach travel. As we delve into the dynamics of Bleisure Tourism, several key trends stand out, influencing both corporate travel policies and individual preferences.

  • Blurring Boundaries: Traditional distinctions between business and leisure trips are fading away. Professionals increasingly seek to extend their business travels to include leisure activities, turning mundane work trips into holistic experiences. This blurring of boundaries reflects a desire for a more balanced lifestyle.
  • Technology Integration: The integration of technology has become integral to the Bleisure experience. From virtual conferencing tools that enable remote work to travel apps that curate personalized leisure itineraries, technology plays a pivotal role in seamlessly blending work and leisure elements.
  • Wellness Travel: Wellness is taking center stage in Bleisure Tourism. With an increased focus on mental and physical well-being, professionals are incorporating wellness activities into their itineraries. Spas, fitness retreats, and mindfulness experiences are becoming common components of Bleisure trips.
  • Flexible Corporate Policies: Corporations are recognizing the benefits of employee well-being and productivity associated with Bleisure travel. Progressive companies are adapting policies to accommodate and even encourage employees to extend their business trips for leisure purposes, fostering a positive work culture.

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Key Takeaways from the Bleisure Tourism Market:

  • The United States is projected to dominate North America bleisure tourism industry due to low-cost airlines and increasing preference for comfortable work environments while traveling.
  • Germany has a notable share of Europe’s bleisure tourism industry, and the prevalence of business travel culture in Germany is likely to continue driving the bleisure market over the forecast period.
  • India is expected to dominate South Asia bleisure tourism industry owing to increasing investments in the tourism sector and the expansion of international business organizations.
  • The corporate segment is likely to continue gaining traction due to the growing focus on employee retention and frequent business travel across multiple countries.
  • Online booking channels, including various online travel agencies, are anticipated to account for a significant share of the market.
  • The domestic trip segment is projected to account for a prominent share of the market due to various government initiatives for the development of conference halls and the growth of the travel and tourism sector.
  • The Independent traveler’s segment is forecasted to account for a dominant share of the market as consumers are preferring to travel solo.
  • Sales in the technology/IT/software segment are projected to increase at a steady pace, followed by the manufacturing segment.
  • Once every 2-3 months segment is likely to lead the market in the forecast period in terms of travel frequency.
  • Sales in the 2 nights segment are expected to hold a lion’s share of the market as travelers are likely to extend their trips by one or two days, particularly if they are visiting a new destination.

Key Players:

  • Inc
  • American Express Travel
  • Expedia Inc.
  • BCD Travel
  • Carlson Wagonlit Travel
  • Flight Centre Travel Group
  • The Priceline Group
  • Fareportal, Inc. (traveling inc.)
  • Wexas Travel
  • Travel Leaders
  • The Global Work & Travel Co.
  • JTB Business Travel
  • Prime Travels United States
  • GUNA Travel Germany
  • DER Touristik
  • CITS (China Business Travel & Fairs)
  • China Tour Guide
  • Tuniu Corporation
  • FROSCH Travel
  • CT Business Travel

Key Developments in the Bleisure Tourism Market:

  • In 2020, Marriott International launched its Work Anywhere program, which targets remote workers and allows them to work from hotels and resorts around the world. The program offers a change of scenery for those looking to combine work and leisure travel.
  • In 2019, Airbnb launched a new platform called Airbnb for Work, which offers business travel accommodations and experiences. The platform includes features such as expensing tools and the ability for companies to manage employee travel.
  • In 2021, Hilton launched its WorkSpaces program, which offers daytime access to hotel rooms for remote workers. The program allows travelers to work remotely during the day and enjoy the hotel’s amenities during their leisure time.

Global Bleisure Tourism Market By Category

By Application:

  • Corporate
  • Government

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Trip Type:

  • Domestic Trip
  • International Trip

By Tour Type:

  • Independent Traveler
  • Business Trips
  • Group Business Trips

By Consumer Orientation:

  • Men
  • Women

By Occupation:

  • Technology/IT/Software
  • Manufacturing
  • Finance
  • Healthcare
  • Education

By Travel Frequency:

  • Once a week
  • Once or twice a month
  • Once every 4-6 months
  • 3+ times a month
  • Once every 2-3 months
  • Once a year
  • Less than once a year

By Trip Length:

  • 1 Night
  • 2 Nights
  • 3 Nights
  • 4 + Nights

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Next Generation Mass Spectrometer Industry Gains Momentum, projected to Hit US$ 4,097.1 Million by 2032 at a Striking 7.2% CAGR | According to FMI

The Global Next Generation Mass Spectrometer Industry has achieved an outstanding valuation of US$ 1,901.7 Million in 2022, as reported by a comprehensive analysis. This milestone is propelled by rapid technological advancements in spectrometry, notably the groundbreaking development of miniaturized spectrometers.

The industry is poised for remarkable growth, with projections indicating a robust Compound Annual Growth Rate (CAGR) of 7.2% between 2022 and 2032. Anticipating an expansive market landscape, the industry is set to reach an estimated US$ 4,097.1 Million by the end of 2032. This sustained growth not only reflects the market’s dynamism but also underscores the global embrace of sophisticated analytical technologies.

The report underscores the pivotal role of these technological breakthroughs in driving the market’s revenue growth. Miniaturized spectrometers, in particular, have emerged as a game-changer, facilitating enhanced precision and efficiency in various applications.

In next-generation mass spectrometer hardware is designed to move fragile molecules into a gaseous ionized state where the molecules are consequently analyzed. As next-generation mass spectrometers include matrix-assisted laser desorption/ionization (MALDI), electrospray ionization, and surface-enhanced laser desorption/ionization (SELDI).

In addition, the next-generation mass spectrometer has morphed from a cumbersome and costly machine. Furthermore, the next-generation mass spectrometer is used for predicting a patient`s recovery after surgery and profiling immune system response.

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Global Next Generation Mass Spectrometer Industry: Drivers and Restraints

The key factor responsible for the growth of the next-generation mass spectrometer market is the increasing government outlay in the life science industries and increasing research and development in the pharmaceutical industries.

In addition, increasing food concern, demand in the fields of agriculture and medical research, enabling innovative diagnosis, new drug development for diseases, and competitive post-sale and maintenance services led to increased adoption of next-generation mass spectrometers.

However, the significantly high cost of instruments and the lack of skilled people to operate next-generation mass spectrometers are some of the key restraints in the Global Next Generation Mass Spectrometer Industry.

Global Next Generation Mass Spectrometer Industry: Overview

Based on application, the market is segmented into Pharmaceuticals, biotechnology, medical research, food and beverages testing, and others. Among these segments, pharmaceutical industries have a wide scope of the next-generation mass spectrometer due to an increase in the cases of adulterated food, drug safety, and new drug development for diseases.

In addition, medical research has also fueled the growth of global next-generation mass spectrometers.  Based on end users, the market is segmented into hospitals, research centers, and diagnostic laboratories. Next-generation mass spectrometers are most widely used among research centers and diagnostic laboratories across the globe.

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Next-Generation Mass Spectrometer Industry: Regional Overview

Region-wise, the Global Next Generation Mass Spectrometer Industry is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, and the Middle East and Africa. North America is expected to dominate the global next-generation mass spectrometer due to an increase in government investments in biomedical and biotechnology areas.

In addition, increased research in the field of pharmaceutical industries and the medical field is also supporting the growth of global next-generation mass spectrometers in the region. Similarly, the increasing number of conferences, manufacturing,,, and research facilities of companies in Asia –the Pacific excluding the Japan market is expected to boost the growth of the next-generation mass spectrometer market over the forecast period.

Global Next Generation Mass Spectrometer Industry: Key Players

The key players in the market are Waters Corporation, Thermo Fisher Scientific, Inc., AB Sciex Pte. Ltd., Bruker Corporation, Shimadzu Corporation, Danaher Corporation, PerkinElmer, Rigaku, Bio-Rad Laboratories, Jeol Ltd and Agilent Technologies.  Most of the next-generation mass spectrometer markets are adopting acquisition and merger as a key strategy for business growth.

Key Segments of Next Generation Mass Spectrometer Industry Survey

Global Next-Generation Mass Spectrometer Industry by Application:

  • Next-Generation Mass Spectrometers for Pharmaceuticals
  • Next-Generation Mass Spectrometers for Biotechnology
  • Next-Generation Mass Spectrometers for Medical Research
  • Next-Generation Mass Spectrometers for Food and Beverage Testing
  • Next-Generation Mass Spectrometers for Other Applications

Global Next-Generation Mass Spectrometer Industry by End User:

  • Next-Generation Mass Spectrometers for Hospitals
  • Next-Generation Mass Spectrometers for Research Centers
  • Next-Generation Mass Spectrometers for Diagnostic Laboratories

Global Next-Generation Mass Spectrometer Industry by Region:

  • North America Next Generation Mass Spectrometer Market
  • Latin America Next Generation Mass Spectrometer Market
  • Europe Next Generation Mass Spectrometer Market
  • Asia Pacific Next Generation Mass Spectrometer Market
  • Middle East & Africa Next Generation Mass Spectrometer Market

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Minimally Invasive Neurosurgery Devices Industry Set to Surge with a 6.3% CAGR, Projected to Exceed US$ 5.95 Billion by 2033 | FMI

In a groundbreaking revelation, the Global Minimally Invasive Neurosurgery Devices Industry has achieved an impressive valuation of US$ 3,227.9 million as of 2023, propelling the sector into a transformative decade ahead. The industry’s robust performance and potential for innovation are underscored by projections indicating a sustained upward trajectory, with an estimated average Compound Annual Growth Rate (CAGR) of 6.3% from 2023 to 2033.

This anticipated growth signals a remarkable journey for the market, with expectations set to surpass the US$ 5,950.1 million mark by the year 2033. The revelation serves as a testament to the increasing adoption of minimally invasive neurosurgery techniques and the continuous advancements in related devices.

Global Minimally Invasive Neurosurgery Devices Industry is probably the last speciality to move to minimally invasive because of the complexity involved in the surgery however due to continuous advancement in medical technology for the treatment of neurological disorders have raised the demand of Minimally Invasive Neurosurgery Devices. Rise in the ageing population leading to increase in the incidence of neurological disorders are some major factors driving the growth of Minimally Invasive Neurosurgery Devices market. More awareness amongst the surgeons is helping the market to dwell in developed countries however the market of developed countries are more or less saturated and have a limited growth opportunity as compared to developing countries especially Asia Pacific countries where due to large population the market growth can be significant in the upcoming years. Lack of skilled professionals in the developing countries and poor or unstable reimbursement regulations are hampering the growth of Minimally Invasive Neurosurgery Devices in developing countries.

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Global Minimally Invasive Neurosurgery Devices Industry: Segmentation

Global Minimally Invasive Neurosurgery Devices Industry is classified based on product type, surgery type and geography.

Based on product type, the Global Minimally Invasive Neurosurgery Devices Industry is segmented into the following:

  • Fiber optic cables
  • Miniature video cameras (Endoscopes)
  • Special surgical instruments
  • External video monitors

Based on surgery type, the Global Minimally Invasive Neurosurgery Devices Industry is segmented into the following:

  • Intracranial Surgery
  • Endonasal Neurosurgery
  • Spinal Surgery

Global Minimally Invasive Neurosurgery Devices Industry: Overview

Minimally Invasive Neurosurgery Devices is a growing market due to various benefits offered like less recovery time, shortened hospital stay, greater accuracy, less pain and muscle sparring which is making minimally invasive neurosurgery a preferred option for the medical practitioners and surgeons. Proliferation of joint ventures and cross utilization of technology in minimally invasive surgical devices market is a plus for different market players as they don’t have to invest much on the research and development of different types of products. Introduction of robotic devices to perform the surgery is an alternative for better outcomes and increased accuracy.

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Minimally Invasive Neurosurgery Devices Industry: Region-wise Outlook

Depending on geographic regions, Global Minimally Invasive Neurosurgery Devices Industry is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the leading region in Minimally Invasive Neurosurgery Devices market due to the high volumes of surgical procedures being performed. Also, the availability of established healthcare infrastructure, high contribution of healthcare to economy, patient compliance are the reasons for the high demand in North America. Europe has the second largest Minimally Invasive Neurosurgery Devices market due to vast technological advancement in terms of healthcare sector. Asia Pacific market is expected to grow at a good rate as compared to NA and Europe as there is ample market opportunity in countries like India and China.

Global Minimally Invasive Neurosurgery Devices Industry: Key Players

Some of the key market players in Global Minimally Invasive Neurosurgery Devices Industry are Karl Storz GmbH & Co. KG, Olympus Corporation, Conmed Corporation, Richard Wolf GmbH, Boston Scientific Inc., Integra LifeSciences Holdings Corporation, Aesculap Division, Smith & Nephew Plc, Medtronic and NICO Corp. to name a few.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers an exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
  • Eastern Europe (Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Medical Waste Management System Industry Gearing Up for 6.6% CAGR Expansion, Aiming for a Staggering US$ 15,336.9 Million Market Value by 2033 | FMI

The Global Medical Waste Management System Industry is primed for exponential expansion, according to forecasts by Future Market Insights Inc. a leading market research firm. Projections indicate that by the year 2023, the industry is anticipated to reach a valuation of US$ 8,094 million, marking a significant milestone in healthcare waste management.

Over the subsequent decade, from 2023 onwards, industry experts foresee a robust and sustained demand for medical waste management systems. A projected Compound Annual Growth Rate (CAGR) of 6.6% is set to propel the sector to unprecedented heights. By 2033, the market is poised to soar to an estimated worth of approximately US$ 15,336.9 million, underscoring a transformative evolution in medical waste handling practices worldwide.

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Key Takeaways from the Global Medical Waste Management System Industry

  • North America holds more than 30% of the market share due to rising number of patients in the US and Canada coupled with strict rules/regulations set by government bodies.
  • Europe holds more than 25% of the market share due to growing demand for medical waste management systems to properly treat, dispose, and recycle medical waste.
  • The Asia-Pacific is expected to grow at the fastest rate in the medical waste management system market sue to numerous start-ups coming up with e-disposal solution for managing infectious waste.

“Increasing incidences of chronic ailments that need longer hospital stays, emphasis on medical waste management in the developing as well as developed countries, and strict regulations laid down by the government regarding appropriate medical waste disposal are the primary drivers to Global Medical Waste Management System Industry”, says an analyst from Future Market Insights.

Global Medical Waste Management System Industry Competitive Landscape

  • Envetec Sustainable Technologies Ltd., in February 2022, tabled GENERATIONS technology, which comes across as one of the breakthrough cleantech solutions safely treating biohazardous materials and waste, inclusive of glass, plastics, sharp containers, PPE, and the other general laboratory consumables.
  • MediWaste was launched in March 2022 for handling biohazardous waste in Bermuda. Its functionalities include treating, transportation, and disposal of medical waste via two incinerators specifically designed for the serving the purpose mentioned above.
  • The United Nations Development Programme (UNDP), in collaboration with the Government of Japan, came up with a novel project in August 2022 for supporting various national health agencies with other stakeholders in Bhutan, Bangladesh, and Maldives for addressing an uncontrollable increase in infectious healthcare waste resulting out of the pandemic.
  • TerraConsult, in April 2019, merged with ByrneLobby for expanding its geographical presence.
  • Stericycle, in February 2020, made an announcement about inking an agreement with Harso Corporation about selling its business about Domestic Environments Solutions for US$ 462.5 Million.
  • Clean Harbors, in August 2021, completed acquisition of HydroChemPSC for US$ 1.25 Billion intending to strengthen the opportunities of strong customer service and brand equity.

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Global Medical Waste Management System Industry Key Players:

  • BioMedical Waste Solutions LLC
  • Bondtech Medical Waste Containers
  • Clean Harbors, Inc.
  • Converge Medical Solutions LLC
  • Daniels Sharpsmart Inc.
  • Stericycle, Inc.
  • Medasend Biomedical, Inc.
  • Mazaya Waste Management LLC
  • Sharps Compliance, Inc.
  • Veolia Environment S.A.
  • REMONDIS Medison GmbH
  • Republic Services, Inc.
  • Waste Management, Inc.
  • Suez Environment S.A.

What does the Report unveil?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the Global Medical Waste Management System Industry in its latest study, presenting historical demand assessment of 2016 to 2021 and projections for 2022 to 2032.
  • The research study is based on service (medical waste treatment, disposable medical waste management, and medical waste recycling), by medical waste (bio hazardous medical waste management system, non-hazardous medical waste management system, sharps medical waste management system, pharmaceutical medical waste management system, radioactive medical waste management system, and other medical waste types management system), by services site (onsite medical waste management services and offsite medical waste management services), by treatment (medical waste management through incineration, medical waste management through autoclaving, medical waste management through chemical treatment, and medical waste management through other approaches), and waste generator (medical waste management system for hospitals, medical waste management system for clinics, medical waste management system for Ambulatory Surgical Centers, medical waste management system for pharmaceutical companies, medical waste management system for biotechnology companies, and medical waste management system for other waste generators).
  • With an ever-increasing number of government-sponsored programs hitting the floor, the Global Medical Waste Management System Industry is bound to be unstoppable in the years to come. The government agencies adhering to regulations include the US FDA, CDC, OSHA (Occupational Safety and Health Administration), DOT (Department of Transport), and DEA (Drug Enforcement Administration).

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Key Segments Covered in the Global Medical Waste Management System Industry Analysis

By Services:

  • Medical Waste Treatment
  • Disposable Medical Waste Management
  • Medical Waste Recycling

By Medical Waste:

  • Bio Hazardous Medical Waste Management System
  • Non-Hazardous Medical Waste Management System
  • Sharps Medical Waste Management System
  • Pharmaceutical Medical Waste Management System
  • Radioactive Medical Waste Management System
  • Other Medical Waste Types Management System

By Services Site:

  • Onsite Medical Waste Management Services
  • Offsite Medical Waste Management Services

By Treatment:

  • Medical Waste Management through Incineration
  • Medical Waste Management through Autoclaving
  • Medical Waste Management through Chemical Treatment
  • Medical Waste Management through Other Approaches

By Waste Generator:

  • Medical Waste Management System for Hospitals
  • Medical Waste Management System for Clinics
  • Medical Waste Management System for Ambulatory Surgical Centers
  • Medical Waste Management System for Pharmaceutical Companies
  • Medical Waste Management System for Biotechnology Companies
  • Medical Waste Management System for Other Waste Generators

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Insulin Biosimilars Industry is Expected to Achieve 3.4% CAGR, Surpassing US$ 2 Billion by 2033 | FMI

The Global Insulin Biosimilars Industry is experiencing a surge in growth, with a projected market worth of US$ 1,507.7 million in 2023 set to skyrocket to over US$ 2,096.5 million by 2033. This remarkable trajectory is driven by a robust adoption rate, positioning insulin biosimilars, alongside other insulin pharmaceutical products, to exhibit a Compound Annual Growth Rate (CAGR) of 3.4% through 2033.

The diabetes landscape is undergoing a transformative phase, and insulin biosimilars are at the forefront of this evolution. The market’s projected worth of US$ 1,507.7 million in 2023 is not merely a statistic but a testament to the increasing reliance on biosimilars for diabetes management globally.

Biosimilar insulin can reduce treatment costs of diabetes, increase insulin treatment’s accessibility, and expand the number of various insulin brands that are available for the ones contracting diabetes.

At the same time, they need to overcome regulatory hurdles over here and address numerous demands at the commercial level. On top of that, competition from next-generation as well as established branded insulin products needs to be confronted.

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The International Diabetes Foundation has confirmed that atleast US$ 760 Bn were spent in the year 2019, which is 10% of overall spending on the adults. This factor is basically accelerating the Global Insulin Biosimilars Industry

The manufacturers are emphasizing on clinical trials for tabling insulin biosimilar products. On these grounds, LMC Diabetes & Endocrinology Ltd. is on the lookout of volunteers to enable phase 4 study entitled ‘The Effects of Soliqua on glucose variability in type 2 diabetes patients among South Asian population’.

There are rapid-acting biosimilars, which are administered within 15 minutes of having meals. They, as the names suggests, gets absorbed with immediate effect and starts lowering blood glucose. Long-acting biosimilars are capable of controlling blood sugar for whole of the day. They are preferred due to their ability of helping patients with Type 1 diabetes reach lower rates of hypoglycemia with better quality of life. There are premixed biosimilars, which ensure combination of two diverse kinds of insulin – the one controlling sugar between meals and the other at meals.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Global Insulin Biosimilars Industry ’, with its team of analysts and consultants to execute.

Key Takeaways from the Global Insulin Biosimilars Industry

  • North America holds the largest market share (~69%) due to spike in the number of diabetic patients in the US. As per the National Institute of Diabetes and Digestive and Kidney Diseases, close to 30.3 Mn people staying in the US are diabetic. Also, more than 30% of people all across the US have been diagnosed with prediabetes, as per the National Diabetes Statistics Report. These prediabetic conditions are estimated to increase the population of those getting diabetic.
  • Europe stands second on this count. This could be attributed to early approvals of biosimilars. As per the IDF Diabetes Atlas, close to 61 Mn adults aged between 20 and 79 are diabetic in IDF Europe Region as of the year 2021.
  • The Asia-Pacific is expected to grow at the fastest pace in the insulin biosimilars market due to advancements in infrastructure regarding diagnosing chronic diseases. The governments herein are also into easily utilizing insulin management system.

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Competitive Biosimilars

  • GeneSys Biologics makes provisions for safe, high-quality, affordable, and effective insulin biosimilars all over. This start-up is expected to provide, safe, high-quality, affordable, and effective insulin biosimilars all over.
  • Merck, in April 2022, updated its portfolio on bioprocessing by acquiring Lonza’s MAST (Modular Automated Sampling Technology) platform. This platform is an aseptic, automated bioreactor sampling system that has been developed in Bend (Oregon, US).
  • Biocon’s BBL (Biocon Biologics Ltd.), in September 2021, did announce launching ‘Express Scripts’ (one of the leading pharmacy benefit management organizations all over the US). As such, Biocon Biologics interchangeable biosimilar Insulin Glargine (Semglee) would be commercialized by a preferred brand of glargine ‘Viatris’ on NPF (National Preferred Formulary), which is inclusive of over 28 Mn lives.
  • Eli Lilly’s insulin glargine (Basaglar), which has been co-developed with Boehringer Ingelheim; which is available at a lower price as compared to Lantus (Sanofi); the reference brand.

“With the branded insulin products slated to expire in the upcoming period, the Global Insulin Biosimilars Industry is expected to grow on an astounded note shortly”, says an analyst from Future Market Insights.

What does the Report Cover?

  • The research study is based on biosimilar type (rapid acting biosimilar, long acting biosimilar, and premixed biosimilar) and by disease indication (insulin biosimilar for Type I diabetes and insulin biosimilar for Type II diabetes).
  • With growing prevalence of diabetes all across, the demand for insulin biosimilars is bound to witness growth on an irrevocable note going forward.

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Key Segments Profiled in the Insulin Biosimilars Industry Survey

Global Insulin Biosimilars Industry by Biosimilar Type:

  • Rapid Acting Biosimilar
  • Long Acting Biosimilar
  • Premixed Biosimilar

Global Insulin Biosimilars Industry by Disease Indication:

  • Insulin Biosimilar for Type I Diabetes
  • Insulin Biosimilar for Type II Diabetes

Global Insulin Biosimilars Industry by Region:

  • North America Insulin Biosimilar Market
  • Latin America Insulin Biosimilar Market
  • Europe Insulin Biosimilar Market
  • Asia Pacific Insulin Biosimilar Market
  • Middle East & Africa Insulin Biosimilar Market

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

Global Equine Veterinary Therapeutics Industry on the Rise with a Projected 6.8% CAGR, geared to Surpass US$ 2,671.9 Million by 2033 | FMI Report Unveils Future Trajectory

The Global Equine Veterinary Therapeutics Industry is set to embark on an unprecedented journey, projecting a remarkable surge from US$ 1,378.7 million in 2023 to an impressive US$ 2,671.9 million by the year 2033. This exponential growth is underlined by an exceptional Compound Annual Growth Rate (CAGR) of 6.8%, according to the latest insights unveiled by FMI.

Equine veterinary therapeutics encompasses a vital facet of equine healthcare, dedicated to the prevention and treatment of various diseases affecting our equine companions. The industry’s expansive repertoire includes drugs tailored for equine disease treatment, vaccines for disease prevention, and additives crucial for overall health maintenance, ensuring a life rich in vitality.

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Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic era to focus on the growth and development of the Equine Veterinary Therapeutics Market. The study features insights into the current growth dynamics and the major revenue reforms prevailing in the market along with the key takeaways from the forecast.

The team of analysts at Future Market Insights is focussing on research and market study to produce different Global Equine Veterinary Therapeutics Industry forecasts and predictions at both national and international levels. They have considered several leads of information about the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Equine Veterinary Therapeutics Industry.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: Merck animal Health, Affymetrix, Elanco Animal heath,Zoetis (Pfizer Animal Health), Equine Health UK, and others

Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion of the market. Numerous segmentations have been provided for this market based on:

Global Equine Veterinary Therapeutics Industry, by Product Type

  • Drugs
  • Anti- Inflammatory
  • Anti – Infective
  • Parasiticides
  • Vaccines
  • Recombinant vaccines
  • Inactivated Vaccines
  • Live attenuated vaccines
  • Feed additives
  • Vitamins
  • Antibiotics
  • Amino acids
  • Enzymes
  • Others

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Global Equine Veterinary Therapeutics Industry, by route of administration

  • Oral
  • Parental
  • Topical

Global Equine Veterinary Therapeutics Industry, by Distribution Channel

  • Veterinary Hospital
  • Veterinary Clinics
  • Pharmacies and drug stores
  • E-commerce
  • Other

Product Segmentation

The investigation offers a top-to-bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavors to assess the current and future development possibilities, undiscovered roads, and factors that shape their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

By Regional Analysis Covered

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

Full in-depth analysis of the parent market

The FMI analysts are dedicated to providing insights after extensive research and study. The study also includes estimations, projections, and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

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Segmentation details of the market

  • Former, ongoing, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Reasons to Buy the Report

  • We provide authentic and detailed analysis on various market trends to enable businesses to make informed and beneficial decisions to attain a competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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