Market Research Blog – Page 4252 – New Product Development

Nickel Carbonate Catalysts Gaining Prominence in Oil & Gas Industry for Cleaner Fuel Production

Zinc-nickel plating solutions are one widely accepted solution to develop corrosion resistance in metals used in the automotive and construction industry. Nickel Carbonate is used as a nickel source in such plating solutions which is expected to boost the sales of nickel carbonate over the upcoming assessment period of 2022-2032. Nickel Carbonate has been extensively used as a source of nickel in the electroplating industry for various applications in recent days. Currently, the electroplating industry is witnessing rapid growth with high CAGRs owing to the substantial growth in demand for high-performance metals. Notable growth in end-use industries such as automotive, construction, and others is expected to promote the growth of such metals over the forecast period.

In addition, Nickel Carbonate is also getting fair traction as a catalyst in a variety of end-use industries. The oil & gas industry is playing a key role in promoting the use of nickel carbonate as nickel catalysts. Consistent growing demand for cleaner and high-quality fuels is expected to be the key reason behind such robust growth in demand for nickel catalysts in oil and gas industries owing to its use in selective hydrogenation of unsaturated compounds produced during steam cracking.

The global Nickel Carbonate market is estimated to expand at a remarkable growth rate of 5.6% CAGR over the forecast period between 2022 and 2032, finding future market insights (FMI) in a recent market analysis.

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However, the high price of the product owing to expensive raw materials used such as nickel has remained a longstanding challenge for the manufacturers and consumers. High product price has compelled manufacturers and consumers to find and develop cost-effective solutions to maintain a competitive atmosphere in the market.

“Substantial growth in the electroplating industry is expected to be a key factor promoting the growth of nickel carbonate over the forecast period,” says an FMI analyst.

Key Takeaways:

The global Nickel Carbonate market is expected to attain a value of over US$ 459.6 Mn by the end of the forecast period growing at a CAGR of 5.6% over the forecast period.
The rising demand for Nickel Carbonate for electroplating is expected to propel the growth of the market in recent years.
Key Manufacturers are engaged in providing tailored solutions to the consumers and gaining a competitive edge in the market.
The electroplating industry is the major consumer application of nickel carbonate. The segment is anticipated to consume around 72% of nickel carbonate produced every year.
Owing to a consistent consumer shift toward a high quality products. 42% – 46% Nickel-containing nickel carbonate is expected to witness substantial growth over the forecast period.
Despite various driving factors, the high price of nickel carbonate is controlling the growth rate of the global nickel carbonate market.

Competitive Landscape

American Elements, Liangren Chemicals, Umicore, Reullei, Thermo Fischer Scientific, abcr GmbH, Himalaya Industries, Uma Chemicals, Eramet, jinchuan group, Jiangxi. Nuclear Industry Xingzhong New Material Co., Ltd, Fairsky Industrial, and others are the key players in the Nickel Carbonate market.

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Nickel Carbonate Market By Category

By Ni Content:

< 38%
38% – 42%
42% – 46%
> 46%

By Application:

Electroplating
Catalysts
Pigments
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

About FMI – Chemicals and Materials

The Chemicals and Materials division of FMI offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

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
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Bone Densitometer Devices Industry to Reach US$ 525.0 Million by 2033, Driven by Rising Prevalence of Osteoporosis

The global market for bone densitometer devices is anticipated to surpass US$ 347.7 million in 2023, with a projected growth to US$ 525.0 million by 2033, reflecting a steady 4.2% compound annual growth rate (CAGR) from 2023 to 2033. These devices perform non-invasive assessments of bone density and strength, playing a crucial role in diagnosing bone-related ailments and assessing associated risks.

The International Osteoporosis Foundation predicts a substantial rise in hip fractures, estimating a more than 300% increase in men and a 240% increase in women by 2050. This surge in osteoporosis and related conditions like osteopenia, osteomalacia, and osteoporotic fractures will fuel the demand for bone assessment, thereby driving the bone densitometer devices market.

Bone densitometers also analyze the risk of developing bone disorders. One of the major market drivers for bone densitometer devices is the rising incidences of knee osteoarthritis. With over 203 knee osteoarthritis cases for every 10,000 persons, 20 years of age and above, bone densitometer devices are expected to be in high demand in the upcoming years.

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Moreover, a surge in favorable reimbursement policies by Medicare will likely spur the demand for bone densitometer devices, particularly in countries like India and the U.S. Medicare provides private health insurance plans for the treatment of osteoporosis, which in turn accounts for the increasing expansion of the bone densitometer devices market. Also, many manufacturers are keen on releasing innovative products with novel offerings like low dosage and patented narrow-fan beam technology.

This factor coupled with the rising need for excellent precision and accuracy, high-definition image quality, and faster scan for multiple clinical applications will foster an atmosphere of the growth for the target over the projected period.

“Growing bone health awareness, more widespread knowledge about osteoporosis along with initiatives from NGOs and government organizations will likely drive the market growth for the bone densitometer devices over the forecast period,” says an FMI analyst.

Key Takeaways:

Heightened demand for precise, speedy and high quality diagnosis to strengthen the market prospects.
High cost of the target product and limitations of the DXA technology of bone densitometer device will impede market growth.
The U.S. will dominate the global market space with a CAGR of 4.9%.
The market in Germany will be driven by increasing bone disorder awareness programs.
Axial bone densitometer segment will grow at a CAGR of 4.2%
In terms of technology, Dual Energy X-Ray Absorptiometry will hold about 3/5th of total revenue.

Competitive Landscape

GE Healthcare, Hologic, Inc., OSI Systems, Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding, Ltd., BeamMed, Ltd., Echolight S.P.A, Scanflex Healthcare AB, Medonica Co., Ltd., XinGaoYi Co., Ltd., Anjue Medical Equipment, Trivitron Healthcare, Eurotec Systems S.r.l, AMPall Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Shenzhen XRAY Electric Co., Ltd., YOZMA BMTech Co., Ltd., Nanoomtech Co., Ltd., Osteosys Corporation, FURUNO Electric Co., Ltd ., and others are some of the major players in the bone densitometer devices market profiled in the full version of the report.

Leading market players are concentrating on improving their product features to expand their business and enter new markets. Strategies like mergers, acquisitions, and distribution agreements are also employed by these enterprises to strengthen their position in the bone densitometer devices market.

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Bone Densitometer Devices Market by Category

By Product:

Peripheral Bone Densitometer
Axial Bone Densitometer

By Technology:

Dual Energy X-Ray Absorptiometry (DXA)
Peripheral Dual Energy X-Ray
Absorptiometry (pDXA)
Quantitative Ultrasound (QUS)
Others

By End-User:

Hospitals
Orthopedic Clinics
Diagnostic Centers

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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Fire Retardant Coatings Market Predicted to Reach US$ 9.17 Billion by 2032

Fire retardant coatings have been formulated in numerous types depending on base composition and substrate type. According to composition, fire retardant coatings are generally boron-based and phosphorus-based fire retardant coatings. During the projected period, the fire retardant coatings market size is expected to grow at a CAGR of 6%, reaching a market share of US$ 9.17 billion in 2032, up from US$ 4.83 billion in 2021. Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of the combustion process. Additionally, fire retardant coatings required relatively low maintenance cost – this is one of the superior properties of fire retardant coatings for gaining acceptance in several end-use industries.

There is a substantial demand for fire retardant coatings due to the clear expanding infrastructure of the industrial and commercial sectors, as well as associated electric supplies and operations, such as fireplaces, where the risk of accidents is higher.

Further, by product type, fire retardant coatings have two types including non-intumescent and intumescent fire retardant coatings. The fire retardant coatings find a wide range of applications in industrial, residential, and commercial sectors.

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Global Fire Retardant Coatings Market: Industry Participants

The global fire retardant coatings market has a number of small as well as international manufacturers at a regional level. Few key players are identified across the value chain of global fire retardant coatings market which has been listed below –

NIPPON PAINT Co. Ltd.S
Noble Paints
HEMPEL
Akzo Nobel
PPG Industries
Carboline
Kansai Paints
Jotun
Promat International
Nullifire
GCC Applied Technologies
Isolatek International

The global Fire retardant coatings research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Fire retardant coatings market also contains projections using a suitable set of assumptions and methodologies. The research report on global Fire retardant coatings market provides analysis and information according to market segments such as geographies, application, and industry.

Global Fire Retardant Coatings Market: Regional Outlook

Geographically, the global fire retardant coatings market can be segmented into seven key regions. Rapid industrialization and modernization will continue to drive market growth in developed economies. The regions like the Asia Pacific, Latin America, and MEA anticipated propelling the demand for fire retardant coatings in near future, due to increasing industrial infrastructure and concern towards the protecting property and safeguards across the regions.

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Key Segments Profiled in the Fire Retardant Coatings Market Survey

By Product Type:

Non-intumescent Fire Retardant Coatings
Intumescent Fire Coatings

By Material:

Boron-based Fire Retardant Coatings
Phosphorus-based Fire Retardant Coatings

By End Use Industry:

Automotive
Oil & Gas
Construction
Electrical & Electronics
Aerospace
Marine
Furniture
Textile
Others

By Region:

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

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Portable Ultrasound Bladder Scanner Industry to Reach US$ 191.7 Million by 2028, Driven by Rising Demand for Non-Invasive Bladder Imaging

According to a recent market study by Future Market Insights (FMI), the global Portable Ultrasound Bladder Scanner Industry was valued at US$ 126.3 million in 2021 and is projected to grow to US$ 191.7 million by 2028.

According to Future Market Insights analysts, while researching this report the overall market approach has been taken into consideration where key stakeholders in the worldwide Portable Ultrasound Bladder Scanner Industry are focussing on developing differentiated products to retain market share.

Manufacturers of portable ultrasound bladder scanners are focussing on the development of novel and cost-effective bladder scanner devices and are also establishing distribution agreements to increase geographic reach, especially in the Asia Pacific region. This comprehensive report on the global portable ultrasound bladder scanner market studies seven key regions across the globe and includes a market overview along with market forecast, drivers, restraints, trends and opportunities.

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The pricing analysis presented in the report includes the weighted average pricing of a single portable ultrasound bladder scanner. A demand-supply gap analysis has been carried out involving both marketplace discussions and desk research to determine pricing premiums. A country-wise analysis scenario includes price projections across various countries. Manufacturers and suppliers play a pivotal role particularly in the global portable ultrasound bladder scanner market and taking this into consideration, the value chain of the portable ultrasound bladder scanner market has also been analysed in this report.

Our expert analysts have utilised PEST (Political, Economical, Social and Technological) analysis while drafting this report. Besides, a detailed global epidemiology of urological disorders has been included in the report to provide a clear picture of the market scenario across the globe.

In 2020, the items received CE certification and FDA approval from the United States. The least invasive, successful alternative to conventional endoscopic stricture treatments for male anterior urethral strictures is Optilume®.

Moreover, Laborie Medical Technologies Corp. (Laborie) purchased Pelvalon, Inc. in October 2021. Pelvalon produces cutting-edge technologies like the EclipseTM System, a non-surgical, patient-controlled device for women with faecal incontinence (FI).

The portable ultrasonography bladder scanning devices have undergone tremendous progress, which offers additional therapeutic recommendations.

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Unique report structure

Primarily, the report on the global portable ultrasound bladder scanner market presents an overview of the entire market for portable ultrasound bladder scanner devices across the globe. The overview is followed by a market taxonomy, where the global portable ultrasound bladder scanner market is segmented on the basis of product, end user, and region. Future Market Insights has leveraged a bottom-up approach to assess market numbers for each product category and a top-down approach to counter-validate the reached numbers.

Macro-economic indicators such as healthcare industry outlook, healthcare spending, and prevalence of cancer have been considered to arrive at the indicated market numbers. The analyst team has also provided key strategic recommendations for both existing and new players in the global portable ultrasound bladder scanner market to emerge sustainably profitable. The report further covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global portable ultrasound bladder scanner market.

The report highlights company profiles of some of the key players and a strategic overview of mergers and acquisitions along with their expansion plans across different regions. The subsequent sections analyse the global portable ultrasound bladder scanner market on the basis of product type, end user and region, and present a comprehensive forecast for the period 2016–2026. The global portable ultrasound bladder scanner market is segmented as follows:

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By Product

2D Portable Ultrasound Bladder Scanner
3D Portable Ultrasound Bladder Scanner

By End User

Hospitals
Diagnostic Centres
Clinics
Ambulatory Surgical Centres

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

Amniotic Membranes Market: The global amniotic membranes market size is likely to touch a valuation of around US$ 1.4 Bn in 2022. Further, with rising adoption of amniotic membranes for various purposes in ophthalmology, the total sales of amniotic membranes are slated to grow at an impressive CAGR of 9.0% between 2022 and 2028, totalling over US$ 2.3 Bn by the end of 2028.

Digital Radiography Detectors Market: The digital radiography detectors market is valued at US$ 2.13 Bn in 2022. The market is advancing at an average pace with a CAGR of 6.1% through 2026 to reach a valuation of US$ 2.7 Bn. The worldwide market for digital radiography detectors is highly concentrated, with large competitors such as Varex Imaging Corporation and Trixell accounting for about 47% of the market share.

Sepsis Diagnostics Market: The global sepsis diagnostics market is expected to record a CAGR of 8.1% between 2023 and 2033. In 2023, the market is estimated to be valued at US$ 561.2 million. The valuation is expected to cross US$ 1.2 billion by 2033..

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The Fortified Dairy Products Market Gears Up to Reach a Whopping US$ 223,441 Million Valuation by 2032

The Global Fortified Dairy Products Market size was assessed at US$ 109,485 million in 2032 and was anticipated to reach USD 223,441 million in 2032, at a CAGR of 6.7%, according to Future Market Insights (FMI).

Dairy product sales are likely to rise as the notion of fortifying dairy products spreads globally. Because fortified dairy products are significantly more expensive than non-fortified dairy products, they will most likely be employed only in a few cases.

Vitamin D in dairy products also helps to maintain blood calcium levels and calcium absorption. Yoghurt is gaining popularity among dieters as a low-calorie alternative to calorie-dense dairy products such as ice cream and milkshakes. Yoghurt sales have skyrocketed as the product has gotten increasingly fortified.

Producers are focusing their efforts on boosting the use of fortified procedures in dairy products such as yoghurt and cheese. As a result, sales of fortified dairy products will increase, increasing market growth over the forecast period.

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Key Takeaways from Market Study

North America lead the Fortified Dairy Products Market, with a 45 percent share.
The worldwide Fortified Dairy Products market is predicted to grow rapidly in Asia Pacific excluding Japan (APEJ) due to increased demand for healthier foods..
During the forecast period of 2022-2032, the flavoured milk category is predicted to develop at the fastest rate in terms of value, with a CAGR of x.x %.
During the forecast period of 2022-2032, the mineral segment is predicted to develop at the fastest rate in terms of value, with a CAGR of 7.3 %.
Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“The Fortified Dairy Products Market is being propelled by increasing technological innovation, which promotes the production of dairy products that are favourable to one’s health.”, –says a lead analyst at Future Market Insights.

Competitive Landscape

Fortified Dairy Products have a strongly competitive global market. The Fortified Dairy Products Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.

Some of the leading companies offering Fortified Dairy Products are Arla Foods UK Plc, Nestlé S.A., BASF SE, General Mills, Inc., Danone, Dean Foods Company, Bright Dairy & Food Co., Ltd., China Modern Dairy Holdings Ltd, GCMMF Ltd., and Fonterra Group Cooperative Limited.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Fortified Dairy Products presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Product Type :

Milk
Milk Powder and Formula
Flavored Milk
Cheese
Dairy Based Yogurt
Other Products

Micronutrients :

Vitamins
Minerals
Other Fortifying Nutrients

Sales Channel :

Modern Trade
Convenience Stores
Departmental Stores
Drug Stores
Online Stores
Other Sales Channel

Region :

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan – APEJ
Middle East and Africa -MEA

The report covers exhaustive analysis on:

How much is the Fortified Dairy Products market current worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What is boosting Fortified Dairy Products sales?
How are market players reacting to the new developments in the market?
How much share does the top 5 companies hold?
Which are the major countries driving demand for Fortified Dairy Products?
Who are the major players in Fortified Dairy Products Market?
What outlook does APEJ provide?
At what rate will the U.S. Fortified Dairy Products market grow?

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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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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Modified Soya Flour Market is Expected to Grow at a CAGR of around 3.2% during 2022 to 2032

The modified soy flour market is anticipated to reach US$ 85,859 million by 2032, expanding at a CAGR of 3.2% from 2022 to 2032. In addition to being utilised in many industrial goods that contain more than 50% protein, soy flour is employed in a wide range of food products.

The increase in the use of soy-derived flour in processed meals due to nutritional benefits such as trans-fat-free, gluten-free, and whole-grain food products is the market driver. Furthermore, emerging economies will see a boost in sales of modified soya flour during the anticipated period 2022-2032, owing to increased consumption of modified soya flour, particularly in Russia and Germany.

Consumers prefer packaged meals because they have a longer shelf life due to their hectic lifestyles. This is because of increased customer demand for baked goods, which drives up bakery and confectionery demand. Furthermore, producers are focusing on producing a variety of baked foods to increase client demand, propelling the Modified Soya Flour Market forward.

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Key Takeaways from Market Study

For the period 2022-2032, the Methylcellulose category is expected to grow at the fastest rate of 5percent.
expanding use of modified soya flour in a number of food applications, the global modified soya flour market is expected to rise at a high rate in Asia Pacific excluding Japan-APEJ.
During the forecast period of 2022-2032, the organic category is predicted to develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
Due to increased consumer demand for baked goods, the Bakery and Confectionery industry is predicted to grow at the fastest rate of 5.2 percent.
Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.

“ The Modified Soya Flour Market is being propelled ahead by rising innovations in the food and beverage sector, as well as rising veganism appeal among the general public.”, –says a lead analyst at Future Market Insights.

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Competitive Landscape

Modified Soya Flour have a strongly competitive global market. The Modified Soya Flour Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.

Some of the leading companies offering Modified Soya Flour are Cargill Incorporated, The Scoular Company, Associated British Foods Plc., The Hain Celestial Group, Inc., General Mills Inc., Parrish and Heimbecker Ltd., ITC Limited, SunOpta Limited, The Caremoli Group, Ingredion Inc., Unicorn Grain Specialties, ConAgra Foods, Inc., Bunge Limited, Archer Daniels Midland Company, and Buhler.

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Ingredients:

Activated Carbon
Microcrystalline Cellulose (MCC)
Methylcellulose
Carboxymethyl cellulose (CMC)
Ethylcellulose
Phosphorus Chemicals
Succinic Acid

Application:

Bakery & Confectionery
Extruded Snacks
Soups
Packaged Food
Other Application

Sales Channel:

Direct Sales
Modern Trade
Departmental Stores
Convenience Stores
Online Stores
Other Sales Channel

Region:

North America
Latin America
Europe
Japan
Asia Pacific Except Japan-APEJ
Middle East and Africa-MEA

Talk with Our Expert
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The report covers exhaustive analysis on:

How much is the Modified Soya Flour Market current worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Modified Soya Flour Market sales?
How are market players reacting to the new developments in the market?
How much share does the top 5 companies hold?
Which are the major countries driving demand for Modified Soya Flour Market?
Who are the major players in Modified Soya Flour Market?
At what rate will the U.S. Modified Soya Flour Market grow?

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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Proteinase K Industry Poised for Growth, with a Valuation of US$ 43.9 Million Expected by 2033, at a CAGR of 4.8%

The Global Proteinase K Industry is set for significant expansion in the coming years, with an anticipated valuation of US$ 43.9 million by 2033, according to a new report by Future Market Insights (FMI). The market is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2033, driven by increasing demand for proteinase K in molecular biology applications.

Proteinase K is a serine protease enzyme that is used in a variety of molecular biology applications, including DNA extraction, protein purification, and cell lysis. It is a highly versatile enzyme that can be used to cleave a wide range of proteins, including keratin, collagen, and elastin.

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Global Proteinase K Market: Segmental Forecast

By form, the lyophilized powder form segment is anticipated to account for higher revenue share in the global Proteinase K as compared to the liquid form segment. Lyophilized powder from segment is expected to reach a market value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.3% over the forecast period. The growth in lyophilized powder form can be attributed to the increasing advantages of powder form over liquid form in case of storage and preservation of samples.
By application, purification of DNA & RNA segment will account for the highest revenue share in the global Proteinase K market as compared to other applications of Proteinase K. Purification of DNA & RNA segment is expected to reach a value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.5% over the forecast period.
By end user, the biotechnology companies segment is expected to project higher demand for Proteinase K as compared to other end user segments such as academic institutes and diagnostics laboratories. The strong growth in biotechnology companies can be attributed to an increasing use of Proteinase K in research and development and new drug discovery. The cost effectiveness of Proteinase K over other reagents is the key factor responsible for its increasing use in biotechnology companies. The biotechnology companies segment is expected to register the highest CAGR of 6.7% over the forecast period.

Global Proteinase K Market: Regional Market Projections

Demand for research in academics and funding facilities provided by the U.S government to support gene therapy and other activities for drug development is anticipated to boost the North America Proteinase K market. Followed by North America, Western Europe and APEJ are the most lucrative regions in the global Proteinase K market and are anticipated to grow by 5.7% and 6.1% respectively over the forecast period. Increasing demand for drug development, rising hereditary diseases due to changing lifestyles and growing disposable income are some of the factors expected to contribute to the growth of the global Proteinase K market.

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Global Proteinase K Market: Vendor Insights

Top companies profiled in the global Proteinase K market report include Thermo Fisher Scientific Inc., Merck KGaA, Qiagen N.V., Worthington Biochemical Corporation, Sisco Research Laboratories Pvt. Ltd, Promega Corporation, Bioline and F. Hoffmann-La Roche AG among others. Leading market players are adopting different strategies such as product launches and acquisitions to maintain their market share. For instance, in November 2015, Merck KGaA acquired Sigma-Aldrich to strengthen and expand its consumable and reagent portfolio.

Market Segmentation Form

Lyophilized Powder Form
Liquid Form

Application

Isolation and purification of genomic DNA & RNA
In Situ Hybridization
Mitochondria isolation
Enzyme Removal

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Cancer Supportive Care Products Market Poised for Significant Growth in the Coming Years, with a Valuation of US$ 32 Billion Expected by 2030

A new research study by Future Market Insights (FMI) pegs global Cancer Supportive Care Products Industry to reach USD 32 Bn by 2030. The report titled, ‘Cancer Supportive Care Products Market’ offers in-depth insights on the future market growth, laying out strategies and recommendations that stakeholders can benefit from.

High growth and unmet needs have attracted various new players to cancer supportive care products market. About 23% of compounds in the preclinical drug pipeline were in oncology in 2000, and the number increased to 38% in 2019.

This is increasing the market competition with regards to clinical-trial recruitment – for instance, the number of breast-cancer patients needed for active clinical trials is surpassing the yearly figure of diagnoses.

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Efforts to manage drug expenditure have channelized the focus towards cancer supportive care products, especially in developed regions, where value-based health-technology assessments (HTAs) are prevalent.

The cancer supportive care products market is characterized by rapidly growing and globalized standard of medical care. Case in point, in non-small-cell lung cancer, the number of approved therapies was estimated to rise from 14 in 2009 to 22 by 2019.

This, coupled with limited data during accelerated approvals, implies that manufacturers are working in close collaboration with payers to create value proposition of cancer supportive care products.

Key Takeaways of Cancer Supportive Care Products Market Study

Incidences of cancer have surged by around 26% among geriatric demographics compared to 10% among the remaining population
Adoption of cancer supportive care products to remain prominent in treating lung cancer
Pharma companies to invest 30% of their spending in cancer R&D to launch novel drugs and therapies in marketplace
Market in Asia Pacific (APAC) to experience meteoric growth through 2030

COVID-19 Impact on Cancer Supportive Care Products Market

The COVID 19 pandemic has touched every facet of human life including, healthcare delivery for chronic disorders.

As such, these patients are highly susceptible to getting infected from COVID-19 due to their compromised immunity, putting cancer specialists and patients in a dilemma.

Several healthcare facilities are deferring “elective” screenings, surgeries, and other methods that are considered not urgent or not immediately fatal.

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Such important decisions are taken on a case-to-case basis to make sure patients diagnosed with cancer are protected from contracting the coronavirus as well as to ensure that healthcare facilities are equipped with resources necessary to treat cancer patients who do get affected by the virus.

The COVID-19 crisis has disturbed the treatment pathways and in-progress care, thus, resulting in temporary drop in demand for cancer supportive care products.

“In an effort to address the untapped sections of the society, several regulatory bodies are showing immediacy in granting approvals to certain cancer supportive care products. Case in point, the US Food and Drug Administration (FDA) has approved Pfizer’s Nyvepria to help prevent infections in patients undergoing myelosuppressive chemotherapy,” says the analyst at FMI.

Cancer Supportive Care Products Market – Competitive Intelligence

The cancer supportive care products market is highly competitive, with presence of several small- and medium-sized players. Manufacturers are leveraging innovation into their best practices in order to have proper capabilities in place and stay ahead in the fast-growing and competitive arena.

Baxter International Inc. develops products under the business categories – Renal Care, Medication Delivery, and Pharmaceuticals. The company develops REGLAN Injection, which is a metoclopramide injection.
Amgen Inc. makes and provides innovative human therapeutics – Neulasta, which is a PEGylated form of human granulocyte CSF.

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Want more insights?

Future Market Insights, in its new study, provides compelling insights about the cancer supportive care products market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030.

The report offers unbiased assessment on cancer supportive care products market through four different categories – by drug class, by indication, distribution channel, and region.

The global cancer supportive care products market research study delivers insights of pricing by different life cycle analysis, product life cycle, major market trends and technologies that are being utilized in the development of cancer supportive care products and product adoption in various end-use sectors

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Food Botanicals Market Blooming with Potential, Poised to Reach US$ 1.95 Billion by 2032

The global Food Botanicals market is set to witness growth at a CAGR of 5.7% and stood at US$ 510 million in 2021, while that of the entire food botanicals had a revenue of US$ 1.4 billion and top a valuation of US$ 2,243.6 Bn by 2032.

Nonetheless, the growing inclination for organic items, as well as technological advancements in the field, bode well for the food botanicals market over the projection period.

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The attractiveness of food products made from plant materials has been at the forefront of growth in the global market for food botanicals. Furthermore, demand for herbs and spices has been growing at an exponential rate, contributing to the overall growth of the global food botanicals market.

Botanicals are widely used in food and dietary supplements because they have a variety of qualities that aid in the improvement and maintenance of health. Botanicals are available in a variety of forms, including dried or fresh items, tablets, liquid, capsules, and powder.

Key Takeaways from Market Study

The food botanicals market is expected to expand at CAGRs of 8% and 9.3% in Latin America and the Middle East & Africa, respectively, through 2032.
Market share of South Asia and Oceania is 18.3% and 9.6%, respectively, in 2022, as the plant-based protein is in great demand amongst vegetarians, and this factor is expected to create lucrative opportunities within the global market for food botanicals.
The numerous varieties of food botanicals available on the market, together with improvements in the global food sector, will drive the worldwide food botanicals market to record high revenues.
Among the source segment of the food botanicals market, the leading category is the plant, which represents 32.4% market share in 2022, and is anticipated to grow up to 35.8%, with a CAGR of 5.7%.

“The availability of well-known botanicals as dietary supplements is driving market expansion globally. Food botanicals are also growing in popularity in Europe and North America as a result of increased research and development.” says a Future Market Insights analyst.

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Competitive Landscape

Manufacturers are focusing on the opportunity as the crucial driver driving the worldwide food botanicals market is the rising prevalence of chronic diseases such as diabetes, cardiovascular disease, and arthritis, as well as the long-term use of modern pharmaceuticals, which leads to additional negative effects.

In addition, the growing use of botanicals in the cosmetics industry, particularly in hair and skincare products, is expected to propel the sales of the global food botanicals market benefitting the manufacturers.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global food botanicals market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Market Taxonomy: Food Botanicals Market

The report offers a detailed analysis of all the market segments in the report, along with a detailed description of all the stages through which food botanicals pass before reaching end-users. These stages include raw material suppliers, manufacturers, and end-users. The report also comprises key metrics such as year-on-year growth, revenue, market size, absolute dollar opportunity, CAGR, basis point share, and other key numbers.

Region :

North America
Latin America
Europe
Japan
APEJ
MEA

Source :

Plants
Algae
Fungi or Lichens

Form :

Dried Plants and Leaves
Oelioresins
Essential Oils
Other Form

Application :

Beverages
Confectionery
Supplements
Flavor Enhancers
Other Applications

End Users :

Commercial
Residential

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.

Nandini Singh Sawlani

Paediatric Vaccine Industry on Track to Reach US$ 184.7 Billion, at a CAGR of 13.1% Through 2033 | FMI Insights

The Paediatric Vaccine Industry is poised for significant growth in the coming years, with a projected CAGR of 13.1% from 2023 to 2033, according to a new report by Future Market Insights (FMI). The market valuation is expected to reach US$ 184.7 billion by 2033, up from US$ 54.1 billion in 2023.

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Segmentation analysis

By indication, pneumococcal segment accounted for higher revenue share in global paediatric vaccines as compared to other product segments. The pneumococcal segment is expected to reach a value of US$ 31.58 Bn by 2026, reflecting a CAGR of 14.4% over the forecast period. The growth of pneumococcal segment is attributed to the increasing incidence of infectious diseases.

In terms of revenue, Hib vaccine segment is the second most growing segment and is expected to reach a value of US$ 13.49 Bn by 2026, growing at a CAGR of 13.4%. Hepatitis B and meningococcal segment are expected to show double-digit CAGR growth in the forecast period contributing to the growth of global paediatric vaccine market.

By technology, conjugate segment accounted for highest revenue share in global paediatric vaccine market as compared to live or attenuated segment. The conjugate segment is expected to reach a value of US$ 32.09 Bn by 2026, reflecting a CAGR of 14.8% over the forecast period. This is expected to be closely followed by the growth of pneumococcal and meningococcal vaccines in this segment

By end user, institutional health centres account for higher demand for paediatric vaccine as compared to other end user segments such as hospital pharmacies and retail pharmacies. The strong growth in institutional health centres can be attributed to increasing government interventions in immunisation programs in order to improve vaccine coverage. Institutional health centres are expected to register highest CAGR of 13.8% over the forecast period.

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Regional analysis

By region, North America is dominating the global paediatric vaccine market due to improved healthcare infrastructure in this region. The North America paediatric vaccine market is expected to be valued at US$ 20.15 Bn by 2026 growing at a CAGR for 11.0%. In addition to North America, demand for paediatric vaccines has been significantly growing in Western Europe and APEJ. APEJ is expected to grow at a CAGR for 14.9% over the forecast period and is expected to dominate the market by 2026 by generating revenue of US$ 22.69 Bn and revenues in Western Europe are anticipated to grow by 11.2%. Middle East and Africa is expected to grow at a CAGR of 12.6% and this growth is anticipated by growth government intervention for immunisation by carrying out national level immunisation campaigns and also disease specific immunisation campaigns.

Key players in the global paediatric vaccine market include

Indian Immunologicals,
GlaaxoSmithKline Plc.,
Pfizer Inc.,
Sanofi, Merck & Co. Inc.,
Panacea Biotec,
Zydus Cadila,
Emergent BioSolutions Inc.,
Serum Institute of India Pvt. Ltd.,
Bharat Biotech.

The growth of paediatric vaccine market is attributed to the development in the research by key players in the field, for instance, in February 2016, GSK submitted US regulatory submission for expanding the indication of FLuLaval Quadrivalent, influenza vaccine, for infants more than 6 months. These developments will boost the growth of the global paediatric vaccine market.

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Market Segmentation

Technology

Live or Attenuated Vaccine
Inactivated or Killed Vaccine
Toxoid Vaccine
Conjugate Vaccine
Subunit Vaccine
Recombinant Vector Vaccine

Indication

Pneumococcal Conjugate Vaccine
DTP Vaccine
Influenza
Meningococcal Vaccine
Polio Vaccine
Rotavirus Vaccine
MMR Vaccine
Varicella Virus Vaccine

End User

Hospital Pharmacies
Retail Pharmacies
Institutional Health Centres

Vaccine Type

Monovalent Vaccines
Multivalent Vaccines

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