Rising Biopharmaceutical Sector Spurs Global Hollow Fiber Ceramic Membrane Market, Projecting a Valuation of US$ 415.0 million by 2033 and a Prominent CAGR of 9.6% Through 2033

Hollow Fiber Ceramic Membrane Market
Hollow Fiber Ceramic Membrane Market

Hollow fiber ceramic membranes might be used in a few industrial processes, including separation, nanofiltration, and microfiltration. They are expected to be used in an assortment of production processes due to their strong chemical and heat resistance.

Hollow fiber ceramic membranes might consume less energy than other filtration techniques such as reverse osmosis. It is believed that this would make them the best option for uses such as the desalination and treatment of brackish water. Demand is expected to be supported by industries looking for energy-efficient and affordable solutions.

By 2023, the global hollow fiber ceramic membranes market is likely to be worth US$ 166.6 million. In the study period from 2023 to 2033, a CAGR of 9.6% is predicted.

By 2033, the hollow fiber ceramic membranes industry is anticipated to reach a valuation of around US$ 415.0 million. A total financial potential of US$ 248.4 million will be generated during the assessment period.

One leading element driving demand for hollow fiber ceramic membranes is the ongoing global expansion of the biopharmaceutical industry. Demand is also anticipated to be boosted by rising single-use technology adoption and the necessity for continuous manufacturing.

It is predicted that the world’s population growth will cause freshwater supplies to become scarce. Demand is anticipated to increase because of hollow fiber ceramic membranes’ capacity to remove impurities, diseases, and pollutants from water sources.

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It is also anticipated that hollow fiber ceramic membranes will be used in the global pharmaceutical, food and beverage, and electronics industries. Industries that use high-quality water for manufacturing might require these membranes as they can provide a greater level of filtration efficiency. Demand might also be influenced by their capacity to guarantee that the treated water adheres to stringent government standards.

Key Takeaways from Hollow Fiber Ceramic Membranes Market Report

  • The global hollow fiber ceramic membranes industry expanded at an astonishing CAGR of 12.0% in the historical period.
  • The United States hollow fiber ceramic membranes industry is set to reach a valuation of US$ 75.5 million by 2033.
  • China is projected to capture a valuation of US$ 67.2 million in the hollow fiber ceramic membranes industry by 2033.
  • In terms of end-use, the biotechnology segment is expected to witness a CAGR of 9.2% in the forecast period from 2023 to 2033.
  • Based on application, the ultrafiltration segment is projected to showcase a moderate CAGR of 9.4% in the review period.

“Hollow fiber ceramic membranes are anticipated to have a long lifespan and high level of durability, leading to a low replacement rate. They are expected to be greatly preferred in industries that strongly emphasize sustainability due to their reduced chemical use and low energy use.” – Says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Leading hollow fiber ceramic membrane manufacturers are expected to invest huge sums in research & and development activities. They are expected to launch new manufacturing processes, designs, and materials to reduce production costs and improve performance.

A handful of companies are focusing on educating several sectors and clients about the applications and advantages of hollow fiber ceramic membranes. They are conducting webinars, seminars, and workshops to attract their target audience.

Key Companies Profiled:

  • Atech Innovations GmbH
  • Ceraflo
  • CoorsTek, Inc.
  • I2M
  • Koch Membrane

Recent Developments-

  • NGK Insulators, a Japan-based ceramics company, developed a carbon dioxide separation membrane for producing exhaust gas in December 2021. During testing, the carbon dioxide separation factor of this membrane outperformed that of the more popular DDR-type zeolite membrane by a factor of around five.
  • A technology start-up from the United Kingdom named G2O Water Technologies secured its first commercial contract in July 2021 to use graphene oxide to enhance water filtration membranes. This was hugely significant for the technology sector and the global water industry. It was the first commercially viable application of the freshly discovered substance for water treatment.

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Get More Valuable Insights on Hollow Fiber Ceramic Membranes Market

Future Market Insights (FMI) has released an objective assessment of the global hollow fiber ceramic membranes industry, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

The hollow fiber ceramic membranes market is segmented by application (ultrafiltration, microfiltration, and nanofiltration) and end-use (biotechnology, chemical processing, water & wastewater processing, pharmaceutical, food & beverage, and others) across different regions from 2023 to 2033.

Hollow Fiber Ceramic Membrane Market Outlook by Category

By Application:

  • Ultrafiltration
  • Microfiltration
  • Nanofiltration

By End-use:

  • Biotechnology
  • Chemical Processing
  • Water & Wastewater Processing
  • Pharmaceutical
  • Food & Beverage
  • Other End-Uses

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and the Pacific
  • East Asia
  • Middle East and Africa

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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Textile Recycling Market Set to Skyrocket: Anticipated Worth of US$ 6.6 billion by 2033 Fueled by Environmental Urgency and Government Initiatives

The US is amongst the biggest manufacturers of textile-related products – as stated by the National Council of Textile Organization. The Council for Textile Recycling states that a US citizen, on the whole, does throw away nearly 70 pounds of textiles every year. This is where textile recycling comes to the rescue.

The textile recycling market is worth US$ 4.8 Billion as of now and is expected to reach US$ 6.6 Billion by 2033 at a CAGR of 3.2% between 2023 and 2033.

Tyton Biosciences has its water-based hydrothermal solution for recycling garments made from polyester, cotton, and polycotton blends. Cotton thus gets segregated from polyester by having it disassembled into monomer components; thereby letting it get re-assembled into a brand new polyester. Tree pulp could also be replaced with MMCFs (Man Made Cellulosic Fibers).

It has been observed that recycled polyamide, as compared to virgin polyamide/nylon, gives lower emissions of carbon dioxide. Patagonia makes use of recycled polyamide in more than 80% of the apparel created by them.

At the same time, the fact that different materials need specialized handling methods can’t be ignored. This factor could restrain the textile recycling market.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Textile Recycling Market’. It has its team of analysts and consultants to look through a 360-degree approach in its primary, secondary, and tertiary modes of research.

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“The Government of the US has decided upon increasing awareness amongst consumers regarding recycling of textiles. It did launch an initiative for achieving zero waste by the year 2037 under guidance of the Council of Textile Recycling (CTR)”, says an analyst from Future Market Insights.

Key Takeaways from the Textile Recycling Market

  • North America holds the largest market share with the US being subject to growing awareness regarding impact of textile waste on the environment. Various public awareness campaigns are being conducted regarding textile recycling.
  • Europe holds the second-largest market share with Germany, France, and the UK opting for something like Sustainable Clothing Action Plan. The government of the UK has put forth Textile 2030 initiative.
  • The Asia-Pacific is expected to grow at a rapid pace in the textile recycling market with South Korea, Japan, and China leading from the front. This is evident from the fact that Hyosung, in May 2021, did collaborate with various municipal governments for manufacturing nylon fabrics made out of recycled fishing nets. Vegan Tiger has come up with several textiles made out of materials like stickers, gift wrap, and paper.

Competitive Textile Recycling

  • Birla Cellulose, in May 2023, entered into collaboration with TextileGenesisTM for providing transparency and traceability solutions in garments vertical. The orchestrators include Fashion for Good, Canopy, and Circular Fashion Partnership for scaling the circular business model.
  • Lenzing Group, in 2023, did announce launching LENZINGTM ECOVERO abreast with REFIBRATM technology that would help it in transiting toward circular economy in textile vertical.
  • Circ, in April 2023, entered into collaboration with Zara for launching womenswear collection made from recycled polyester and Lyocell separated from the mixed residue in the form of textile waste.
  • Indorama Ventures Public Company, in June 2020, completed acquisition of AG Resinas Ltda’s PET recycling facility.
  • TRI Group, in May 2022, completed acquisition of Soex UK for strengthening the presence in Europe.
  • Saint-Gobain, in April 2022, announced planning to spend US$ 32 Million toward upgradation of CertainTeed’s Chowchilla glass wool plant based out of California. It estimates that this upgradation would be curtailing emissions of carbon dioxide by 4000t/yr.
  • HYOSUNG TNC, in March 2022, did ink an agreement with TOPTEN for working together to develop high-class eco-friendly products.

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What does the Report state?

  • The research study is based on material (cotton, polyester, wool, polyamide, and likewise), source (apparel waste, home furnishing waste, automotive waste, and likewise), and process (mechanical and chemical).
  • The textile recycling market is expected to grow with the objective of doing away with accumulation of textile waste in landfill space.

Segmentation Analysis of the Textile Recycling Market

Material:

  • Cotton
  • Polyester
  • Wool
  • Polyamide
  • Others

Source:

  • Apparel Waste
  • Home Furnishing Waste
  • Automotive Waste
  • Others

Process:

  • Mechanical
  • Chemical

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

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 Glass Wool Insulation Market Forecasted to Soar to US$ 6.8 billion by 2033, Fueled by Surging Demand in Residential Construction and Sustainable Energy Solutions

Glass Wool Insulation Market
Glass Wool Insulation Market

Overall sales of glass wool insulation are likely to rise at 4.8% CAGR, taking the total market valuation to US$ 6.8 billion by 2033. The global glass wool insulation industry value is predicted to reach US$ 4.2 billion in 2023.

Rising adoption of glass wool insulation in residential & industrial buildings, HVAC systems, and other appliances is expected to drive the global market forward. This is due to the ability of glass wool insulation to reduce energy consumption and increase savings.

The adoption of glass wool insulation is expected to remain high in the residential construction sector. This is due to the rising focus of homeowners on reducing energy consumption as well as costs. The target segment is anticipated to register a CAGR of 4.6% CAGR through 2033.

The exponential growth of the residential sector due to the increasing population is creating lucrative opportunities for glass wool insulation manufacturers. This trend is likely to further escalate during the forecast period amid a rising trend of green construction.

According to the United Nations (UN), the global population is estimated to reach US$ 9.7 billion in 2050 and 10.4 billion by 2100. This is expected to create a high demand for new residential buildings which in turn will bolster glass wool insulation sales.

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Glass wool insulation helps homeowners to improve energy efficiency, acoustic performance, and thermal comfort of buildings. As a result, this type of insulation is gaining immense popularity in the residential sector.

Growth in the global wool insulation market will also be triggered by several other factors. These include the implementation of stringent energy efficiency regulations by governments across the world and the growing popularity of green buildings.

Glass wool insulation also finds usage in HVAC systems as well as industrial equipment. Growing adoption of these products will therefore uplift glass wool insulation during the assessment period.

Key Takeaways from the Glass Wool Insulation Market Report:

  • The global glass wool insulation industry is projected to total a valuation of US$ 6.8 billion by 2033.
  • Based on application, the residential construction segment is expected to thrive at 4.6% CAGR through 2033.
  • The United States market is expected to reach a valuation of US$ 1.2 billion by 2033.
  • Demand in Japan is predicted to rise at 4.6% CAGR through 2033.
  • Sales revenue in China is projected to total US$ 1.3 billion by 2033.
  • The United Kingdom market is set to expand at 4.6% CAGR between 2023 and 2033.
  • Japan market size is anticipated to reach US$ 1.0 billion by 2033.

“Rising popularity of green buildings and enforcement of new energy efficiency regulations are expected to present lucrative growth opportunities for glass wool insulation companies during the assessment period. To take advantage of these opportunities, key companies need to continuously upgrade their portfolios by launching new products with enhanced features.” – says a lead Future Market Insights (FMI) analyst

Who is Winning?

Leading glass wool insulation companies profiled in the report include URSA Insulation SA, Bradford Insulation Industries Ltd, Compagnie de Saint-Gobain, Alghanim Industries, Johns Manville Corporation, Chez Knauf Insulation SPRL, Owens Corning, Knauf Insulation, Fibertec, Inc., and Fibertek Insulation LLC.

These key players are concentrating on developing new light and environment-friendly products to meet evolving end-user demand. They are also employing strategies such as acquisitions, partnerships, mergers, alliances, collaborations, and distribution agreements to improve their revenues and strengthen their footprint.

Recent developments:

  • In August 2022, Owens Corning launched a new fiberglass insulation called PINK Next Gen Fiberglass.
  • In May 2023, URSA partnered with UPM Biochemicals in order to develop eco-friendly building insulation that could help to significantly reduce energy consumption and lower Co2 emissions.

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More Insights Available:

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the global glass wool insulation market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals market projections based on application (residential construction, commercial & industrial construction, industrial & HVAC applications, appliances & other applications) and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).

Global Glass Wool Insulation Market Segmentation

By Application:

  • Residential Construction
  • Commercial & Industrial Construction
  • Industrial & HVAC Applications
  • Appliances & Other Applications

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia Pacific
  • Middle East Africa

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 Ultra-Thin Glass Market Set to Skyrocket at a 10.7% CAGR, Anticipated to Surpass US$ 29.5 Billion Valuation by 2033

Ultra-thin Glass Market
Ultra-thin Glass Market

The global ultra-thin glass market size is anticipated to see a CAGR of 10.7% from 2023 to 2033. By 2033, it is set to exceed a valuation of US$ 29.5 billion. The market is expected to be worth US$ 10.7 billion in 2023.

The design of new foldable cell phones is such that they can appeal to buyers who want distinctive items aesthetically. Millennials who wish to differentiate themselves from traditional flat phones are anticipated to buy these.

By 2033, smartphone manufacturers such as Samsung and Oppo are anticipated to release several foldable phone models. This is because these businesses frequently work to be on the cutting edge of technology advancements. Additionally, it is anticipated that this will enhance the brand’s reputation.

Several people view foldable cell phones as a status symbol as they are typically more expensive than traditional flat-screen phones. Hence, it is likely that luxury companies will sell these phones.

For instance, the much anticipated foldable smartphone from OnePlus, the OnePlus Fold, will soon be available. In 2023, the company might release its first folding product.

Even though OnePlus hasn’t formally confirmed the launch, the upcoming phone will undoubtedly go on sale. It might be able to compete with seasoned rivals such as Motorola and Samsung, who have been active in the foldable phone sector for years.

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Remote locations and non-metros are likelier than metro areas to adopt Samsung’s foldable and flip phones. Buying these cell phones has become easier as additional financing options are accessible.

Samsung claimed in August 2023 that 1,50,000 pre-orders for its fifth-generation foldable smartphones, unveiled in India in July, had been placed. While the Galaxy Z Flip5 is marketed to a younger audience, the Galaxy Z Fold5 is intended for business users.

Due to their affordability, materials such as polymer and plastic were employed in older flat phones. However, as ultra-thin glass is more durable than the alternative, smartphone manufacturers use it in foldable phones. This is designed to withstand frequent unfolding and folding without causing screen damage.

Key Takeaways from the Ultra-thin Glass Market Study

  • The global ultra-thin glass industry exhibited a robust CAGR of 13.7% in the historical period between 2018 and 2022.
  • The United States ultra-thin glass industry is anticipated to generate an entire earnings outlook of US$ 3.4 billion from 2023 to 2033.
  • The United Kingdom’s ultra-thin glass industry is expected to gain a comprehensive revenue scope of US$ 729.9 million through 2033.
  • In terms of the manufacturing process, the float segment is likely to witness a CAGR of 10.2% in the review period.
  • In terms of thickness, the less than 0.1 mm segment is expected to register a CAGR of 10.0% in the assessment period.

“The healthcare sector has experienced significant growth in the past five years. Top medical device makers are incorporating ultra-thin glass into diagnostic instruments, imaging technology, and wearables to improve remote patient monitoring. Manufacturers of ultra-thin glass would plan to collaborate with international governmental organizations. They can decide to use their output for agricultural purposes.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

With diverse small- and large-scale businesses, the ultra-thin glass industry is highly fragmented worldwide. To meet the shifting consumer needs, they are primarily concentrating on developing innovative products.

Leading companies are developing cutting-edge eyewear to sell to recognized smartphone manufacturing companies. There will soon be more options for foldable smartphones due to the high demand for them. To create success, they are also engaging in research and development initiatives.

For instance,

  • Galaxy foldables are revolutionizing what is possible for smartphone users worldwide with their inventive experiences and interactions. A key element of Samsung’s foldable devices is ultra-thin glass. It is a special material that keeps its tensile strength and durability even after being folded hundreds of times or more.

Interested in Procure The Data? Inquire here! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-17905

Get More Valuable Insights into the Ultra-thin Glass Market Report

The latest report offers an unbiased analysis of the ultra-thin glass market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

The market has been analyzed based on the manufacturing process (float, fusion, others), thickness (less Than 0.1 mm, 0.1 to 0.5 mm, 0.5 to 1.0 mm, 1.0 to 1.2 mm), application (touch panel display, semiconductor substrates, fingerprint sensors, others), and end use (consumer electronics, automotive & transportation, medical & healthcare, others) across several regions.

Ultra-thin Glass Market Segmentation

By Manufacturing Process:

  • Float
  • Fusion
  • Other Manufacturing Processes

By Thickness:

  • Less than 0.1 mm
  • 0.1 to 0.5 mm
  • 0.5 to 1.0 mm
  • 1.0 to 1.2 mm

By Application:

  • Touch Panel Displays
  • Semiconductor Substrates
  • Fingerprint Sensors
  • Other Applications

By End-use Industry:

  • Consumer Electronics
  • Automotive & Transportation
  • Medical & Healthcare
  • Other End Uses

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

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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Teak Decking Market Charts a Course for Resilient Growth, Fueled by Surging Demand in the Marine Sector and Projected 4.6% CAGR through 2033

Teak Decking Market
Teak Decking Market

Over the assessment period from 2023 to 2033, global teak decking sales are projected to record a 4.6% CAGR. Revenue is set to reach a market size of US$ 1,366.1 million by 2033 end. The global teak decking market size reached US$ 793.5 million in 2018. The global demand for teak decking is expected to reach US$ 871.6 million in 2023.

The expanding tourism sector is one of the primary drivers fueling the teak decking market. With the growing popularity of marine tourism and leisure activities, there is a great need for boats, super yachts, and yachts. Marine leisure companies are using teak decking to increase the visual appeal and luxury experience.

Teak decking is widely used in the tourism and hospitality sector, particularly in areas with coastal or waterfront properties. Its exceptional qualities make it appropriate for usage in a variety of applications. Teak decking lends a sense of beauty and elegance to hospitality establishments’ walkways, pool decks, and seating areas. It improves the outdoor spaces of hotels and resorts.

Teak is highly sought after for its aesthetic appeal, durability, and resistance to water. It’s a popular choice for decking material in the luxury yacht sector, driving demand for high-quality teak. The trend of creating luxurious outdoor living spaces has increased demand for teak decking in residential settings. Its natural beauty and weather-resistant properties make it an attractive option for application in such instances.

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Teak decking is often used in upscale resorts, hotels, and cruise ships to create visually appealing outdoor areas for guests, contributing to the demand for teak products. As environmental concerns rise, consumers and businesses increasingly value sustainably sourced materials. Teak from well-managed plantations appeals to eco-conscious consumers.

Teak has a rich history and is considered a premium wood with heritage associated with craftsmanship and quality. This adds to its allure and drives demand. Teak’s natural oils and high density provide excellent resistance to decay and insects. It reduces the need for frequent replacements and maintenance, making it a cost-effective long-term choice.

Teak is used in several architectural applications beyond decking, such as exterior siding and flooring, contributing to its demand in the construction sector. Teak’s timeless aesthetic and versatility in design contribute to its popularity as a material for both classic and contemporary design styles.

Europe is the leading region in the global market as it has beautiful coastlines and a flourishing tourism industry across its countries, especially in Italy, the Netherlands, and France. Apart from Europe, the Middle East and Africa are expected to grow at above-average growth rates. Türkiye and UAE are the key driving countries for the Middle East and Africa market. Türkiye has a strong tourism industry, and people own personal yachts and boats.

Key Takeaways from the Report:

  • The global market for teak decking is projected to witness a CAGR of 4.6% during the period between 2023 and 2033.
  • By grade, FEQ division is expected to expand at a CAGR of 4.6% between 2023 and 2033.
  • By application, the marine segment is anticipated to reach US$ 540.7 million by the end of the projected period.
  • The United States is accounted to hold a significant valuation in the global market by 2033.
  • Italy is set to dominate the Europe market with a CAGR of 5.5% throughout the projected period.

“Astonishing demand from the marine sector is likely to drive demand in the teak decking market through 2033. Key players are creating innovative and aesthetically pleasing teak decking designs to cater to diverse consumer preferences. Even as interior design trends change, teakwood remains an attractive option for both contemporary as well as modern designs. – says a lead Future Market Insights (FMI) analyst.

Competitive Landscape

Key players such as manufacturers, traders, and boat builders engage in responsible sourcing practices. Companies can also establish teak plantations to improve supply chain control and encourage sustainable practices.

Teak suppliers, producers, and boat builders frequently collaborate in the industry. Companies that collaborate can optimize supply chains, increase product development, and expand market reach. Industry associations and companies might create and promote teak decking certification programs and standards.

Key Companies Profiled

  • GGI Myanmar
  • ETT Fine Woods
  • Teakdecking Systems
  • Global Teak, Inc (GTI)
  • Mys-Teak Holdings Inc.
  • Teak Resources Co.
  • COMILEGNO SRL
  • Advantage Lumber, LLC
  • BALAJI TIMBER AND PLYWOOD PRIVATE LIMITED
  • Friends Timber
  • Starwood Veneers Pvt. Ltd
  • Tank Group
  • ACCORD FLOORS

Interested in Procuring the Data? Inquire here! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-17901

Key Players in the Market:

  • Teak Decking Systems is a creative business that creates, installs and distributes high-quality decking materials for the global shipping sector. Products are made to the most significant quality standards, utilizing only the best, lawfully acquired materials.
  • GGI Myanmar is a Burmese producer of specialty hardwoods and teakwood. It provides high-quality flooring, paneling, trim work, and furniture of different types for residential and commercial applications all over the world.

More Insights into the Teak Decking Market

The latest report offers an unbiased analysis of the global teak decking market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.

To understand the global market potential, growth, and scope, the market is segmented based on grade (FEQ, MEQ, and FAS), and application (marine, hospitality and tourism, and building and construction) across different regions.

Teak Decking Market Outlook by Category

By Grade:

  • FEQ (First European Quality)
  • MEQ (Middle East Quality)
  • FAS (Free Along Side)

By Application:

  • Marine
    • Boat Decking
    • Yacht Decking
  • Hospitality and Tourism
    • Pool Decks
    • Walkways
    • Seating Areas
    • Recreational Areas
    • Others
  • Building and Construction
    • Living Spaces
    • Boardwalks
    • Garden Pathways
    • Outdoor Decking
    • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa

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 Metered Dose Inhalers Industry Set for a Remarkable Surge to US$ 40,895.5 Million by 2033, Fueled by a Resilient 4.5% CAGR | According to FMI

The Global Metered Dose Inhalers Industry is poised for a significant upswing, according to the latest insights unveiled by Future Market Insights (FMI). In 2022, the industry showcased impressive strength, reaching a valuation of US$ 25,208.9 million. The momentum is set to continue, with FMI projecting a steady climb to US$ 26,322.9 million in 2023. This promising trajectory is underpinned by a robust compound annual growth rate (CAGR) of 4.5% from 2023 to 2033, ultimately catapulting the industry to an estimated total value of approximately US$ 40,895.5 million by 2033.

The inherent advantages of Metered Dose Inhalers (MDIs) serve as a key driver behind this surge. MDIs boast a multidose delivery capacity, simplicity of use, and a lower risk of contamination through bacteria, thanks to their prefilled nature. This positions MDIs as a preferred choice for patients and healthcare providers alike, contributing significantly to the industry’s anticipated growth.

A notable trend shaping the landscape is the rise of digital dose inhalers, a phenomenon highlighted by FMI in its industry analysis. The prevalence of digital dose inhalers is expected to persist throughout the forecast period. These inhalers, known for their precision in delivering medication to the lungs in the form of dry powder or aerosolized medicine, are emerging as a driving force behind the industry’s upward trajectory.

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At the same time, the fact that there is a sizable lack of awareness amongst the population regarding advanced treatment and devices available for asthma. This, in turn, is somewhat discouraging for the market participants to extend their research toward the under-developed economies. Additionally, the manufacturing cost for metered doses is quite high. They could also end up having side effects. These factors are likely to restrain the Global Metered Dose Inhalers Industry in the years to come. Future Market Insights has etched these findings with future perspectives in its latest market study entitled ‘Global Metered Dose Inhalers Industry’. It has its line of expertise in the form of analysts and consultants to execute.

“With realization of the fact that Metered Dose Inhalers are subject to simple application, the Global Metered Dose Inhalers Industry is bound to go great guns going forward, says an analyst from Future Market Insights.

Key Takeaways from the Global Metered Dose Inhalers Industry

  • North America holds the largest market (over 40%) share due to extensive research being conducted on the count of respiratory disorders and treatments of the same.
  • Europe stands second with more than 25% of the market share due to the reasons mentioned above.
  • The Asia-Pacific is expected to grow at the fastest rate in the Metered Dose Inhalers market going forward due to conducive initiatives undertaken by the governments herein.

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Competitive Analysis

  • Propeller Health, in 2019, did launch ‘Diskus’. It’s used for controlling and preventing symptoms like shortness of breath and wheezing resulting out of asthma and COPD, which include emphysema and chronic bronchitis.
  • Novartis has its ‘Symbicort’. The inhaler is actually used for controlling and preventing symptoms of asthma in children aged 6 and below and also adults. It’s used for addressing emphysema and chronic bronchitis.
  • Glenmark Pharmaceuticals Ltd. holds the distinction of launching India’s very first digital dose inhaler called ‘Digihaler’ for those affected by pulmonary diseases and asthma.
  • Teva Pharmaceutical Industries Ltd., in 2019, did announce that its inhalation powder ‘ProAir Digihaler’ was approved by the US FDA. It’s the sole digital inhaler containing built-in sensors that gets connected to companion mobile application and informs people with COPD and asthma. Digihaler could effectively treat/prevent bronchospasm and also EIB (exercise-induced bronchospasm) in those aged 4 and above.
  • Honeywell, in February 2022, entered into partnership with Astrazeneca for developing next-generation respiratory inhalers by making use of propellant HFO-1234ze. It has got99.9% less potential of global warming as compared to the propellants used at the moment.
  • Aptar Pharma, in February 2022, tabled HeroTracker Sense. It’s a new digital respiratory health solution transforming a proper metered dose inhaler into smart connected healthcare device.
  • NuvoAir, in December 2021, came up with an add-on sensor for COPD and asthma inhalers as an integrated part of chronic care ecosystem.

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Key Players in the Global Metered Dose Inhalers Industry

Cipla Inc., Presspart Manufacturing Ltd., Midascare Pharmaceuticals Pvt. Ltd., Beximco Pharma Ltd., GlaxoSmithKline Pharmaceuticals Ltd., 3M Pharmaceuticals Pty Ltd., Biocare Manufacturing Sdn Bhd, Anomatic Innovation & Design Center & Manufacturing, Aristo Pharma Ltd, Intech Biopharm Corporation, Swiss Pharmaceuticals Pvt. Ltd and others.

Key Segments

By Type:

  • Preventive Inhale
  • Reliever Inhaler
  • Long-Acting Bronchodilators Inhaler
  • By Application
  • Asthma
  • Chronic Obstructive Pulmonary Disease (COPD)

By End-User:

  • Homecare
  • Hospitals
  • Clinics

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 clients face 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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Global Micro Balloon Catheter Industry Set for a Spectacular 3.3% CAGR, Projections Suggest Reaching US$ 410.3 Million by 2033 | According to FMI

In a recent analysis, leading market research firm Future Market Insights (FMI) predicts a robust and steady growth trajectory for the Global Micro Balloon Catheter Industry, anticipating a remarkable Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2033. This projection places the industry on a path to achieve a significant milestone, with an estimated market value of approximately US$ 410.3 million by 2033.

Innovative Medical Device Redefining Healthcare

At the heart of this growth is the micro balloon catheter, an innovative medical device comprising a guidewire and a catheter. Primarily inserted into the femoral artery in the leg or, alternatively, in the radial artery in the arm, these devices play a crucial role in the treatment of constricted blood vessels. The rise of minimally invasive procedures for opening blocked or narrowed coronary arteries caused by coronary artery diseases (CAD) has further fueled the demand for micro balloon catheters.

Addressing the Surge in Cardiovascular Diseases

The surge in the prevalence of cardiovascular diseases globally is a key driver behind the escalating demand for micro balloon catheters. As patients seek advanced and effective treatment options, these catheters offer a sophisticated solution for addressing constricted blood vessels, thereby contributing to the prevention of heart attacks and angina.

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What are the Key Driving and Restraining Factors in the Global Micro Balloon Catheter Industry?

The major factors driving the growth of the micro balloon catheter market are the rising prevalence of cardiac diseases and the increasing geriatric population. There are growing cases of cardiology intervention procedures worldwide, which is fueling the demand for micro balloon catheters.

Moreover, the surge of interventional cardiology has been facilitating the utilization of micro balloon catheters, and there is a rise in the prevalence of patients affected with end-age renal diseases that are bolstering the sales of micro balloon catheters.

Furthermore, the number of patients seeking renal replacement therapy has also increased. Leading manufacturers of catheter devices are developing efficient and cost-effective solutions. These incidences are anticipated to influence the growth of the micro balloon catheter market over the coming years.

In addition to that, various factors like rising investments in research and development activities concerning micro balloon catheters are expected to boost the demand for this product. The use of micro balloon catheters in cardiac catheterization laboratories is one of the key drivers of micro balloon catheter market shares.

Moreover, a rise in disposable income and growing expenditure in the healthcare sector is fuelling the growth of the micro balloon catheter market. Several governments are providing reimbursement policies to support the people suffering from cardiovascular diseases. These driving factors are responsible for the demand for micro balloon catheters.

Awareness campaign by NGO about awareness of cardiac diseases is a low driving factor for the micro balloon catheter market. New innovative technologies and increasing product launches for balloon catheters have upsurged the growth of the micro-balloon catheter market. The manufacturing or low-cost micro balloon catheters by manufacturing companies can provide the opportunity for this market to grow in low-economic countries.

However, the costs of angioplasty procedures are very high, coupled with the risk of artery collapse and infection related to balloon catheterization, which in turn is expected to impede the sales of micro balloon catheters, restraining the market growth for micro balloon catheters.

Furthermore, there are stringent regulatory authorities and choices of alternatives such as bypass surgery that are likely to hinder the growth of the overall Global Micro Balloon Catheter Industry.

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What is the Regional Outlook for the Global Micro Balloon Catheter Industry?

North America is estimated to account for the largest share of micro balloon catheters market share, comprising 33% of the global market share for micro balloon catheters.

However, in terms of revenue, Europe will account for the largest share of the market during the forecast period.

The factors driving the growth of the micro balloon market in these regions are an increase in patient awareness, simple access to innovative healthcare services, and growing demand for advanced micro balloon catheters are accelerating the market growth in these regions.

The increasing number of patients undergoing cardiac surgeries has increased the demand for micro balloon catheters. Micro balloon catheters are segmented based on material, indication, and end-user. Based on material, a micro balloon catheter is classified as latex, silicone, and others. Therefore, these regions are expected to boom in the forecast period.

Who are the key players in the Global Micro Balloon Catheter Industry?

The key players in the micro balloon catheters market are: Terumo Corporation, Cook Medical, Piolax Medical Devices Inc., Boston Scientific Corporation, Stryker Corporation, Medtronic plc., Edward Life Sciences Corporation, MicroPort Scientific Corporation, B. Braun Melsungen AG.

What are the Key Trends and Notable Developments in the Global Micro Balloon Catheter Industry?

Some of the notable developments in the Global Micro Balloon Catheter Industry are:

  • In July 2021, Medtronic launched the newest-generation drug-coated balloon catheter ‘Prevail’ for the treatment of coronary artery disease in Europe after the device was awarded the CE (Conformité Européene) mark.
  • In June 2021, Neurescue received the 510k clearance from the US Food and Drug Administration for their NEURESCUE® device, ‘the world’s first intelligent balloon catheter’, devised for the temporary occlusion of large vessels such as the aorta.
  • In March 2021, Alvimedica received the CE mark approval for their Fluydo NC, a new PTCA NON-COMPLIANT Balloon Catheter. The device comprises a new Non-Compliant Balloon designed to dilate the hardest lesions located into the most difficult and challenging coronary lesions in an efficient manner.

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Key Segments

By Indication:

  • Coronary Artery Diseases
  • Peripheral Vascular Disease

By End-Users:

  • Public Hospitals & Private Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Catheterisation Laboratories

By Balloon Type:

  • High-Pressure Balloons
  • Elastomeric Balloons

By Catheter Type:

  • Over-The-Wire (OTW) Balloon Catheters
  • Rapid Exchange (RX) Balloon Catheters
  • Fixed-Wire (FW) Balloon Catheters

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • MEA

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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Global Addison Disease Testing Industry to Achieve US$ 349.7 Million by 2033, FMI Presents Visionary 3.4% CAGR Forecast

The Global Addison Disease Testing Industry is on the brink of remarkable expansion, with a projected revenue of US$ 249.8 million in 2023. According to the latest report from Future Market Insights (FMI), the industry is expected to sustain a Compound Annual Growth Rate (CAGR) of 3.4%, ultimately reaching a valuation of US$ 349.7 million by the year 2033.

The surge in demand for Addison Disease Testing is attributed to the increasing adoption of emergency cards and a simultaneous rise in global healthcare expenditure. As healthcare systems worldwide prioritize early detection and intervention, the demand for accurate and efficient testing services for Addison Disease is experiencing an unprecedented upswing.

Delaying the diagnosis and treatment of Addison Disease poses significant risks, including heightened chances of morbidity and mortality. Recognizing the critical importance of timely testing, the Global Addison Disease Testing Industry is playing a pivotal role in ensuring early identification and management of this rare disease.

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Global Addison Disease Testing Industry: Drivers & Restraints

Increasing rate of adrenal insufficiency is also increasing cases of Addison’s disease and thus increasing the testing service market.

Increasing government initiatives in improving the healthcare sector and providing access to large population with the diagnostic service facilities increases the market.

Furthermore, increase in the number of private diagnostic service providers, will in turn increase the overall testing service market.  Limitation of accessing the healthcare facilities in various parts of the globe curbs the market to grow.

The ignorance of symptoms and lack of healthcare facilities for every segment of society also restricts the market.

Global Addison Disease Testing Industry: Overview

The average incidence rate of Addison disease is roughly three in 1 million population in the world and is considered as one of the rare disease, however variation can be seen in different regions.

Recently, The Endocrine Society has also issued its first ever clinical practice guideline on the diagnosis and treatment of primary adrenal insufficiency.

Huge competition in the market is due to the increased number of service providers. High efficiency and less price on the testing service are the factors for survival in the market.

Global Addison Disease Testing Industry: Region-wise Outlook

North America is owing to high concerns for human health and growing awareness with the benefit of government initiative in this direction, thus represents a largest market for the testing services.

This is followed by Europe because of higher prevalence rate and good diagnostic services available in the region.

Asia pacific is expected to be the highest growing market in the world because of higher risk factors of developing the disease as well as increasing healthcare and diagnostic services in the region.

Middle East and African region also have the opportunities for the testing service market but require investments in the sector.

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Global Addison Disease Testing Industry Treatment Market: Key Players

Some of the players in the Addison Disease Testing service market involves Diagnostic Laboratory Services, Inc., Any Lab Test Now, Dr Lal PathLabs, Laboratory Corporation of America Holdings, Sonora Quest Laboratories, Core Diagnostics Private Limited, Ayumetrix and others.

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, type of product and applications.

The report covers exhaust analysis on:

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

The regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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Global Addison Disease Testing Industry: Segmentation

Segmentation by Testing Type

  • Laboratory Testing
  • Comprehensive metabolic panel
  • Thyroid-stimulating hormone (TSH) levels
  • ACTH stimulation test
  • Insulin-induced hypoglycemia test
  • Autoantibody testing
  • Prolactin testing
  • Imaging Studies
  • Chest radiograph
  • Computed tomography (CT) scan

Segmentation by End User

  • Hospitals
  • Clinics
  • Diagnostics Laboratories

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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Global Gel Implants Industry on Track to Reach US$1,760 Million by 2033, Boasting a Solid 3.8% CAGR | FMI

The Global Gel Implants Industry is gearing up for a remarkable surge, set to transform the market landscape over the next decade. In 2022, the industry boasted a valuation of approximately US$1,174.7 million, and industry experts project a swift climb to US$1,215 million by the end of 2023. This trajectory is fueled by the escalating demand for cosmetic procedures and an increased awareness of cosmetology trends among consumers worldwide.

A recent in-depth study conducted by Future Market Insights (FMI) sheds light on the promising future of the Global Gel Implants Industry. The research indicates that the industry is poised for steady growth, with a projected compound annual growth rate (CAGR) of 3.8% from 2023 to 2033. This anticipated ascent is expected to culminate in a substantial market value of approximately US$1,760 million by 2033, marking a significant milestone for the industry.

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What is Driving the Demand of the Global Gel Implants Industry?

The main factors driving the growth of the gel implants market include the increased focus on physical appearance and the increasing availability of inexpensive silicone cohesive breast implants. In addition, the increasing prevalence of breast cancer and the availability of a wide range of breast implants are driving the growth of the market.

For instance, according to the America Society of Plastic Surgeons, it was estimated that approximately 1,93,073 breast augmentation surgeries were performed in 2020.

Silicone gel implants were highly preferred by all the women seeking breast augmentation surgeries since they have higher quality in terms of appearance and firmness as compared to saline ones. Thus, the increased preference of the target population is expected to increase the demand during the forecast period.

Breast augmentations are becoming increasingly popular in emerging markets. The main reasons for this are increased economic prosperity and disposable income amongst the working population, increased influence of the cosmetic and fashion industry, increased people’s awareness of the latest products and processes, and low business start-up costs.

The growing prevalence of breast cancer is another key driver that is anticipated to propel the growth of the Global Gel Implants Industry. According to WHO, in the year 2020, the number of diagnosed cases of breast cancer were a staggering 2.3 million, and around 685,000 deaths occurred due to breast cancer, globally.

The increasing prevalence of breast cancer has led to an increase in the number of women undergoing breast mastectomy, that is, breast augmentation. Surgical removal of one or both breasts, leading to more women undergoing breast augmentation. According to the American Society of Plastic Surgeons, approximately 36,367 women underwent breast augmentation surgeries as a preventative measure against breast cancer. Increased awareness amongst women about preventative procedures against cancer is another key driver of the Global Gel Implants Industry.

Prayasta: Using 3D Technology for Breast Augmentation

Bengaluru based start-up ‘Prayasta’ is reaching new heights in the breast augmentation industry. The company was established in 2017 and is developing a 3D printing technology to manufacture personalized breast implants for the target audience.

They have developed an in-house printer Silimax P250, from scratch to cater to the women who have to undergo mastectomy either due to suffering from breast cancer or as a preventative measure. The company wants to ensure the “one-to-one personalization” for all the women since every women’s body is different in structure, size, and shape so that they can provide the implant which is closest to its natural counterpart.

U.S. and Canada Gel Implants Demand Outlook

U.S. and Canada regions hold a large chunk of the Global Gel Implants Industry. The reason for such a high market share is due to the increased awareness of breast cancer, which is leading to many women opting for preventive mastectomy procedures.

Increased popularity and adoption of gel implants due to the higher efficacy of cohesive gel implants is expected to fuel the growth of this demand in the forecast period in this region.

For instance, on October 20, 2021, Sientra, Inc. announced that they have collaborated with a nonprofit organization ‘Mission Plasticos’ dedicating their venture to provide reconstructive surgical care to medically underserved and needy communities around the world with their program “ Reshaping Lives: Full Circle”.

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Europe Gel Implants Demand Outlook

Europe holds a moderately high share in the Global Gel Implants Industry. Factors such as the rising occurrence of breast cancer in Europe and the rise in breast cosmetic operations are likely to boost the market’s growth.

On the other hand, due to the disadvantages of breast implants, such as scarring or rippling, the market is anticipated to suffer a negative impact. In Europe, breast augmentation is the most popular cosmetic operation.

For instance, in April 2019, The German Federal Cabinet announced the initiation of a digital implant register for all the German patients to ensure the safety of all the patients undergoing implant surgeries.

Who are the Key Manufacturers of Global Gel Implants Industry?

The key manufacturers of Global Gel Implants Industry are

  • Allergan Inc.
  • Arion Laboratories
  • Cereplas
  • Establishment Labs
  • Mentor Woldwide LLC (Johnson & Johnson Services Inc.)
  • GC Aesthetics PLC
  • Sientra Inc.
  • Groupe Sebbin SAS
  • Polytech Health & Aesthetics GmbH
  • HansBiomed Co Ltd.
  • Guangzhou Wanhe Plastic Materials
  • Ideal Implant
  • and Silimed.

On October 14, 2021, GC Aesthetics announced a new partnership with RepCa Medical, a Guatemalan distributor in Latin America. The partnership is aimed to provide their customers with the latest technology, quality, safety, innovation and support.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

Global Gel Implants Industry Report Highlights:

Detailed overview of 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.

Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may time to reflect in the analysis

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Key Segments:

By Type:

  • Cohesive Gel Implants
  • Highly Cohesive Gel Implants
  • Gummy Bear Gel Implants

By Shape:

  • Round
  • Anatomical
  • Tear drop

By Indication:

  • Cosmetic Surgery
  • Reconstruction Surgery
  • Preventive Surgery

By End-User:

  • Hospitals
  • Cosmetology Clinics
  • Ambulatory Surgical Centers

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

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 Medical Penlights Industry Gears Up for a 3.0% CAGR, Predicting US$362.1 Billion Revenues in 2032 | Uncovered by FMI Analysis

The Global Medical Penlights Industry is poised for substantial growth, with anticipated revenues reaching an impressive US$362.1 billion by 2032, a significant surge from the US$261.3 billion recorded in 2022. This robust growth is attributed to a projected Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period from 2022 to 2032.

Medical penlights are preferred over flashlights in all medical settings due to the professional look and more visual clarity than flashlights. Medical penlights are used by doctors, nurses, and emergency medical technicians for a general examination of the mouth, ear, eyes, etc.

Medical penlights are preferred by medical professionals due to their compact size and they are easy to fit into a pocket or clipboard. Medical penlights are mainly used for pupil tests. The most common test performed using medical penlights is the consensual constriction test –a test used to check reflex and brain function. Medical penlights are either disposable or reusable.

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Reusable medical penlights are preferred over disposable medical penlights as they have long battery life and low lumen focus. Based on the light source, medical penlights can be classified as LED lights and medical penlights with an incandescent bulb. Disposable LED medical penlights are generally used by emergency medical technicians who have different needs for penlights.

LED medical penlights are brighter than penlights with an incandescent bulb. Emergency medical technicians prefer disposable medical penlight as they are not required to carry extra batteries. New features in medical penlights such as integrated pupil gauge and stylus make it more attractive to medical professionals as these medical penlights allow professionals to check on patients and immediately update their records.

Some of the leading brands in the medical penlights market include Thrunite TI4T, BOVIE FLUORO-DOT, Welch Allyn Professional Penlight, Stylus, Dixie EMS Disposable Penlight, and Escolite, etc. among others.

Global Medical Penlights Industry: Drivers and Restraints 

The market for medical penlights is ever growing as medical penlights are essential in every clinic or medical settings which provide primary healthcare. However, technological advances in medical penlights such as UV medical penlights for use in minor surgical procedures, LED medical pens, etc. are expected to fuel the growth of Global Medical Penlights Industry.

Medical penlights with metal light beams such as cobalt light, halogen lights etc. Availability of special pediatric medical penlights further increases the demand for medical penlights across the globe. However, alternatives for pupil test such as visual screeners are expected to deter the demand for medical penlights over the forecast period.

Global Medical Penlights Industry: Overview 

Availability of durable medical penlights for hospitals and clinic settings and disposable penlights for emergency medical technicians is attributed to continuous and steady consumption of these products in the global market.

Among both LED and incandescent bulb medical penlights, incandescent medical penlights are preferred and expected to dominate the global market as they provide better tissue color rendition which could be important to doctors and nurses. Among all end users of medical penlights, clinics segment is expected to dominate due to the high density of primary care services provided by them.

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Global Medical Penlights Industry: Regional Outlook 

Geographically, Global Medical Penlights Industry is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate Global Medical Penlights Industry due to a high number of hospitals and independent medical practitioners. Western Europe is expected to be the second largest market medical penlights.

Asia Pacific market is expected to experience the highest growth rate in terms of volume due to numerous local suppliers from China and Japan.

Global Medical Penlights Industry: Key Players 

Some of the players identified in Global Medical Penlights Industry include ThruNite, Bovie Medical Corporation, Welch Allyn Inc., Streamlight Inc., Dixie USA EMS Supply Company, Beaver Visitec International, American Diagnostic Corporation, GF HEALTH PRODUCTS, INC., BV Medical, Medline Industries Inc., Rudolf Riester GmbH, Essilor etc. among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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Key Segments Profiled in the Global Medical Penlights Industry Survey

By Method:

  • LED Medical Penlights
  • Medical Penlights with an incandescent bulb

By Light Output:

  • White Light
  • Blue Light
  • Red Light
  • Green Light
  • UV Light

By Usage:

  • Disposable Medical Penlights
  • Reusable Medical Penlights

By End Use:

  • Hospitals
  • Clinics
  • Diagnostic Centres
  • Emergency Medical Camps
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • The Middle East and Africa

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)

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