Market Research Blog – Page 4270 – New Product Development

Dog Collars, Leashes & Harnesses Market Projected to Reach US$ 12,069.9 Million with a 7.5% CAGR by 2033 | FMI

In 2023, the market for dog collars, leashes, and harnesses is projected to be worth US$ 5,856.2 million. A significant boost in the adoption of collars, leashes, and harnesses is anticipated from rising dog ownership.
The global market for dog collars, leashes, and harnesses is anticipated to reach US$ 12,069.9 million by the end of 2033, growing at a strong CAGR of 7.5% between 2023 and 2033.

This has led to a vibrant global dog collars, leashes & harnesses market that has seen considerable growth in the past decade; however, the Covid-19 crisis is likely to have a major impact on the market in the near future.

Dog collars, leashes & harnesses may be made up of a variety of materials including nylon, chain, leather, neoprene, faux leather, cotton, biothane, hemp or rubber. Their aim is to help in identification, walking and training of dogs by ensuring comfort for dogs and their owners without compromising on an owner’s ability to control them.

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Dog collars, leashes & harnesses may be segmented as per individual types of collars such as choke chains, pinch collars, flat and rolled collars, martingale collars and electronic collars; harnesses such as body harnesses and head halters; and leashes such as standard leashes, chain leashes, retractable leashes, hand-free leashes, split leashes, adjustable leashes and martingale leashes.

Dog Collars, Leashes & Harnesses Market

A rapid growth in numbers of dogs being adopted in the last decade has been a leading driver of the dog collars, leashes & harnesses market. Increase in disposable incomes of dog owners has also proved favourable to the market. Furthermore, increasing consumer awareness about types and utilities of collars, harnesses and leashes is also driving the market.

These products find utility in terms of enhancing safety of dogs in public places and while imparting basic training to young dogs. The dog collars, leashes & harnesses market is also witnessing a positive impact due to increasing governmental legislations across the globe regarding conduct of dogs in public places. Such legislations are aimed at ensuring public safety and welfare of pet animals.

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Dog owners are increasingly looking for collars and harnesses that are trendy and stylish; the aspects such as designs, colours, materials and patterns of collars and harnesses have thus found increasing traction among manufacturers. Simultaneously, incorporation of technology has also been increasing the utility of collars and harnesses.

Notable recent technological innovations in collars include light-reflecting collars, light-up collars, GPS tracking enabled collars and audio system enabled collars. Such innovations are observed in dog harnesses as well though the primary focus of harnesses is centred around safety, comfort and functionality by reducing stress on a dog’s anterior muscles while walking, running or exercising.

The trend of increasing product utility is observed in leashes as well and multi-purpose, retractable leashes have seen a growth in sales.

Consumers have also increasingly been purchasing collars, leashes and harnesses through online platforms. However, growing dog ownership figures has also meant that sales through pet stores have not shown a decrease. Thus, the dog collars, leashes & harnesses market has seen a diversification in vendor options.

Region-Wise Analysis

North America has been the largest regional segment for dog collars, leashes & harnesses, while Asia-Pacific has been the fastest growing regional segment. Europe is the other large regional segment for the market. The rest of the world meanwhile enjoys a significantly smaller market share, mainly led by Australia and Latin America.

Competition Landscape

The dog collars, leashes & harnesses market is a highly fragmented market on account of the presence of numerous small plays that operate locally. This market may see further fragmentation if consumers show a preference for cost-sensitivity rather than technological advances.

Dog Collars, Leashes & Harnesses Market (this is an indicative list – full list of key players available upon request)

Hyper Pet
Co-Leash
Mendota Pet
Costal Pet Products Inc.
Ruff Wear Inc.
Bingin Dog
Pets Empire
Smarty Pet
PetsUp
Choostix.
HUNTER
Ruffwear
Coastal Pet Products
LINK AKC
Wagz Inc

Dog Collars, Leashes & Harnesses Market: Segmentation

By Dog Collars

Flat and Rolled Collars
Choke Chains
Martingale Collars
Pinch Collars
Head Halters
Electronic Collars

By Dog Leash

Standard Leash
Retractable Leash
Adjustable Leash
Chain Leash
Split Leash
Others

By Dog Harness

Back-Clip Harnesses
Front-Clip Harnesses
Dual-Clip Harnesses
Others

By Material Type

Nylon
Leather
Neoprene
Others

By Distribution Channel

Hypermarkets/ Supermarkets
Pet Stores
Online Retail
Others

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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Zinc Chloride Industry Sets Course for US$ 505.6 Million by 2033 with 5.0% CAGR

By 2023, it is anticipated that size of the global zinc chloride Industry will be worth US$ 309.6 million. Throughout the anticipated period, the market is anticipated to surge at a CAGR of 5.0%. A market value of US$ 505.6 million is anticipated by the conclusion of the projection period 2023-2033.A market value of US$ 505.6 million is anticipated by the conclusion of the projection period 2023-2033.

Zinc chloride demand is expected to rise due to growth in a range of industries, including chemicals, medicines, and agriculture. These sectors rely heavily on zinc chloride due to its vast range of manufacturing techniques and product compositions.

Rising disposable income levels and growing populations are boosting demand for consumer goods and infrastructure development in emerging nations. Zinc chloride is utilized in the production of batteries, textiles, rubber, and plastics, all of which are essential components of many consumer items and building materials.

As environmental legislation and a focus on sustainable energy sources become more popular, demand for renewable energy technology is increasing. Zinc chloride is an important component in the renewable energy sector because it is used to manufacture solar cells and other energy storage devices.

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To meet the growing need for food, the agriculture sector is shifting to more efficient and sustainable farming practices. Zinc chloride, a micronutrient widely used in fertilizers, supports healthy plant growth and boosts agricultural production. As agricultural activities develop to meet the world’s food demands, demand for zinc chloride is expected to rise.

Growing demand for zinc chloride is most likely due to continuous research and development efforts to find new applications for it. Zinc chloride is employed in many fields, including medicine, electronics, and water treatment.

Scientists and engineers are always looking for new and inventive ways to use it. These advances are expected to broaden market opportunities and boost global demand for zinc chloride.

Growing awareness and adoption of zinc-based products in the healthcare and personal care sectors will also drive demand. Zinc chloride is used in the production of a wide range of pharmaceuticals, ointments, lotions, and cosmetic products.

It is a valuable component in antiseptics, wound care treatments, and oral hygiene products due to its antibacterial properties. Sales of zinc chloride, a critical element in these formulations, are expected to rise in tandem with rising global demand for healthcare and personal care goods.

Key Takeaways from Zinc Chloride Market Study:

The global zinc chloride industry witnessed a CAGR of 1% during the historical period from 2018 to 2022.
India zinc chloride industry is set to create an absolute dollar opportunity of more than US$ 25 million in the next ten years.
China zinc chloride industry is anticipated to create an absolute dollar opportunity of more than US$ 40 million by the end of the forecast period.
Based on grade, the high purity segment is expected to expand at 9% CAGR from 2023 to 2033.
Chemical end-use sector segment is estimated to generate revenues of over US$ 50 million throughout the evaluation period.

“Color cosmetic products such as eyeliners, eyeshadow, and mascara are made using zinc chloride. Owing to its binding properties, pigments on the skin adhere better and last longer. In order to provide a smooth application and improved wear, zinc chloride can additionally help to the general stability and texture of cosmetic compositions. It is set to create new opportunities in the global market.” – Says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape

A small number of manufacturers represent about half of the market share in the modestly consolidated global zinc chloride market. These players outperform their rivals in terms of production capacity. As a result, they are a leading producer and exporter of zinc chloride worldwide.

Important market players are also using a variety of techniques to increase their profits. Focusing on lowering carbon emissions in order to support sustainability objectives is a well-known method. With this strategy, important firms might improve their market standing while also preserving the environment.

Smaller market participants, in contrast, place a higher priority on raising their production capacity to fulfill the expanding regional demand. To increase their sales outside of local markets, they are currently focusing on export-driven markets. Small firms can expand their market share and sales potential by entering new markets and forging supply chain agreements with end users.

For instance,

Toothpaste infused with zinc salt was developed by Unilever, a prominent brand in the personal care goods sector, in March 2021. It guarantees to lower blood pressure and improve nitrate reductase activity.

Top Key Players in the Global Industry

Zaclon LLC
Costal Zinc Group
Jinzhou Jitian Zinc Industry Co., Ltd.
Weifang Dongfangsheng Chemical Co., Ltd.
Lipmes SA
HaloPolymer OJSC
Tianjin Nanping Chemical Co., Ltd.
TIB Chemicals
Flaurea Chemicals
Vap Industries
Haihang Industries
Haryana Chemical Industries
Pinkto Chemicals
Sigma Chemical Industries
Yanggu Zhongtian Zinc Industry Co., Ltd.

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Key Segmentation

By Grade:

High Purity Grade
Battery Grade
Technical Grade
Commercial Grade

By Form:

Powder
Liquid

By End Use Sector:

Electronics
Chemical
Agriculture
Pharmaceuticals
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Russia and Belarus
Balkan and Baltic Countries
Central Asia
East Asia
South Asia and 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 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

Europe Injection Moulders Market Size Rising to US$ 3,481.2 Million by 2033: In Depth Industry Analysis

The Europe injection moulders market is poised for robust growth, with a projected compound annual growth rate (CAGR) of 4.1% expected throughout the forecast period. Over this time frame, the market’s value is forecasted to experience significant expansion, surging from an estimated US$ 2,330.1 million in 2023 to reach a projected US$ 3,481.2 million by 2033. This growth trajectory underscores the sustained demand for injection moulding services in Europe, driven by factors such as technological advancements, diverse industrial applications, and the region’s evolving manufacturing landscape.

In a recent assessment, it has been revealed that the sales of Europe injection moulders are expected to create a lucrative incremental growth opportunity, totaling US$ 1,247.6 million by the end of 2033. The target market is projected to expand to 1.6 times its current market value during this forecast period, reflecting the sustained demand and evolving opportunities in the injection moulding sector in Europe.

Injection molds, commonly referred to as molders, are pivotal tools employed in the injection molding process to craft a wide array of plastic objects. Typically constructed from durable materials like steel or aluminum, these molds serve as the means to transform heated and liquefied plastic material into specific and predetermined shapes, constituting an integral component of the injection molding procedure.

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The hot runner mould segment has emerged as the dominant leader within the mould type category in the Europe injection moulders market, accounting for a substantial market share of over 70%. It is poised for continued growth with an anticipated compound annual growth rate (CAGR) of approximately 3.9% over the forecast period spanning from 2023 to 2033.

Key Factors Shaping the Europe Injection Moulders Industry

Continual Manufacturing Sector Growth: Europe’s manufacturing sector continues to expand, and the ever-increasing applications of injection molding within this domain are poised to sustain the growth of the target market.

Surging Need for Plastic Components: The escalating demand for plastic components and parts across a diverse range of industries is anticipated to be a significant driver of the European market, reflecting the pivotal role injection molding plays in meeting these needs.

Intricate Component Production: Injection molders’ ability to efficiently produce intricate parts and components is expected to further propel their adoption throughout Europe, as industries seek precision and complexity in their products.

Customization on the Rise: The upward trend of customization is projected to drive the demand for injection molding machines and molders in Europe, as companies prioritize tailoring their products to meet individual customer preferences, thereby boosting the market’s growth prospects.

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Key Players:

Modelos Atienza Climent S L
Upmold Company
CVA Plastic
Dino Brunelli S.a.s. di Giampaolo Brunelli & C.
Nolato AB (Nolato)
Erreka Group
WIT MOLD LIMITED
GEOCAD Group
VEM TOOLING (I) PVT LTD
Aco Mold Co Limited
INPLASTIC
TAIZHOU HUANGYAN JMT MOULD CO., LTD

Competitive Landscape

Key injection moulder manufacturers are focusing on developing innovations to meet end user demand across Europe. They are also using strategies such as mergers, facility expansions, partnerships, collaborations, acquisitions, and agreements to strengthen their presence and increase revenues.

Recent developments:

In March 2023, Xometry expanded its footprint in the European region with the acquisition of Istanbul-based Tridi.
In July 2022, Husky Technologies launched a second-generation control algorithm for its line of Altanium® mold controllers.
In February 2021, Fathom Digital Manufacturing Corp acquired Summit Tooling and Summit Plastics, a prominent precision tooling & injection molding services provider.

Europe Injection Moulders Market by Category

By Mould Type:

Cold Runner Mould
Two Plate Mould
Three Plate Mould
Hot Runner (Runnerless) Mould
Externally Heated Hot Runners
Internally Heated Hot Runners
Insulated Hot Runners

By Material:

Plastic
Metal
Rubber
Ceramic

By End Use:

Automotive
Packaging
Electronics
Healthcare
Consumer Goods
Building & Construction
Aerospace & Defense
Others

By Country:

Germany
Spain
Russia
Italy
United Kingdom
France
BENELUX
Nordic
Poland
Hungary
Romania
Czech Republic
Rest of Europe

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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
LinkedIn| Twitter| Blogs | YouTube

Leukocyte Adhesion Deficiency Market is expected to hit a staggering US$ 15.2 Billion by 2033 | FMI

The global leukocyte adhesion deficiency management market is expected to reach a valuation of US$ 8.09 billion in 2023 and is projected to reach US$ 15.2 billion by 2033, trailing a CAGR of 6.51% during the forecast period. Surging number of research and development activities for improving the effectiveness of immunodeficiency therapeutics is expected to drive growth of the market during the forecast period. For instance, according to an article published by National Institute of Health (NIH) in May 2021, an investigational research study conducted in in U.S. and U.K. and supported by NIH showed that., 96% of children receiving new experimental lentiviral gene therapy for immunodeficiency diseases reported restored immune function.

Increasing advancements of technology in the field of genetics is anticipated to drive growth of the global leukocyte adhesion deficiency therapeutics market over the forecast period. For instance, according to an article published in the Genes & Diseases international scientific journal in March 2020, recent technological advancements such as next generation sequencing (NGS) have enabled researchers to explore newer genetic variations related to common variable immunodeficiency (CVID) in order to improve its diagnosis.

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On the other hand, growing number of various immunodeficiency diseases is also key factor driving the market growth. For instance, according to an article published in January 2021, titled ‘Primary immunodeficiency diseases treated with immunoglobulin and associated comorbidities’, it has been observed that chronic obstructive pulmonary disease-asthma (51.5%) was statistically significantly more common as a comorbid diagnosis in the primary immunodeficiency disease population, followed by rheumatoid disease (14%), deficiency anemia (11.8%), hypothyroidism (21.2%), lymphoma (16.7%), neurologic disorders (9.7%), arrhythmias (19.9%), electrolyte disorders (23.6%), coagulopathies (16.9%), and weight loss (8.4%). These

Key Takeaways:

North America is expected to dominate the industry while reaching market share of around 40.5% by end of the forecast period.
The market in Asia Pacific is projected to reflect fastest CAGR of 6.9% during the projected timeline.
By treatment type, the hematopoietic stem cell transplantation segment is expected to dominate the industry with a market share of 38% by 2033.
Hospitals are projected to account for 71% market share by end-user, by end of 2033.
United States is expected to dominate the market of leukocyte adhesion deficiency treatment market in the region of North America.
In Asia-Pacific, China is projected to lead the market with a CAGR of 6.1% during the forecast period.

“Mounting research and development activities and increasing practices of utilizing stem-cell transplantation therapies to treat leukocyte adhesion deficiency will propel market during the forecast period,” comments an FMI Analyst

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Competitive Landscape:

The global Leukocyte adhesion deficiency management market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition. The major players in the market are:

Orpha Labs
Avalo Therapeutics, Inc.
Rocket Pharmaceuticals Inc.
Sigma-Aldrich
Aspen Neuroscience
Magenta Therapeutics
Rubius Therapeutics
Enochian Biosciences
Sana Biotechnology
Vertex Pharmaceuticals

Some Recent Developments In The Market Are:

In September 2022, Lactiga Therapeutics raised USD 1.6 million in oversubscribed pre-seed financing for developing therapeutics for patients with primary immunodeficiency diseases.
In April 2022, Pharming Group N.V. presented positive data from the pivotal Phase II/III trial of leniolisib for the treatment of activated phosphoinositide 3-kinase delta (PI3Kδ) syndrome (APDS), a primary immunodeficiency.

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Key Segments Profiled in the Leukocyte Adhesion Deficiency Management Industry Survey:

By Treatment:

Hematopoietic Stem Cell Transplantation
Recombinant Human Interferon-gamma Treatment
Prophylactic Immunoglobulin Therapy
Antimicrobial Therapy
Prophylactic Therapy
Fucose Supplementation
Monoclonal Antibodies
Coagulation Factors

By End Users:

Hospitals
Specialty Clinics
Others

By Region:

North America
Latin America
Europe
Asia 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 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

Keratitis Treatment Market is projected to reach US$ 1,499.45 Million by 2033, as reported by FMI

The global Keratitis Treatment Market is predicted to exceed a remarkable worth of US$ 789.89 million in 2023, The market is set to reach US$ 1,499.45 million by 2033, with a compound annual growth rate (CAGR) of 6% projected from 2023 to 2033. The increasing prevalence of contagious diseases is propelling the keratitis treatment market. As the heat increases, the disease becomes more prevalent.

Furthermore, because it has been found to be common in tropical regions, an increase in global temperature influences the incidence of keratitis, propelling the market. Despite the fact that it is treatable, this is the most common cause of corneal blindness induced by an infection in the United States. The prevalence rate of neurotrophic keratitis (NK) in the United States ranges from 56 to 67 cases per 100,000 people.

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The Asia Pacific market is expected to grow due to an increase in the volume of awareness programs and citizens affected by fungal keratitis. Besides which, regional governments’ efforts to improve medical facilities for the community aid in the spread of fungal keratitis treatment. The use of new medications and research and development in regions such as Asia Pacific and Latin America is also expected to drive business expansion in the coming years. According to the most recent News Medical Life Sciences report, approximately 25,000 people in the United States develop bacterial keratitis each year.

Key Takeaways from the Market Study:

Sales increased significantly from 2018 to 2022, with a CAGR of 5.1%.
The average global prevalence of fungal keratitis was found to be about one million cases, with 8% to 11% of patients losing an eye.
With a market worth USD 200 million in 2021, Asia-Pacific is the second largest region.
The Asia-Pacific market is projected to expand at a 6.3% CAGR.
The global Keratitis Treatment market is predicted to be worth US$ 1,499.45 million.

“Keratitis is becoming more prevalent as the number of individuals who wear contact lenses increases. The most common risk factors for infection are contact lens use, associated poor hygiene, and exposure to amoeba-infested waterways” says FMI’s analyst.

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Key Market Players:

Key players in the Keratitis Treatment market are

Alvogen
Bausch Health Companies Inc.
Gilead Biosciences Inc.
Glenmark Pharmaceuticals
Leadiant Biosciences
Merck & Co. Inc.
Aurolab
Eyevance Pharmaceuticals LLC
Pfizer Inc.
Novartis AG

Recent Development:

Pfizer Inc. finished the contract to spin off its Upjohn Business and integrate it with Mylan N.V. to form Viatris Inc. in November 2020.
Bausch Health Companies Inc. reached an agreement in September 2020 to procure an opportunity to buy all of Allegro Ophthalmics’ ophthalmology resources.

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Key Segments Profiled in the Keratitis Treatment Market Industry Survey:

By Keratitis Types:

Noninfectious Keratitis
Infectious Keratitis
- Bacterial Keratitis
- Fungal Keratitis
- Viral Keratitis
- Acanthamoeba Keratitis

By Treatment:

Topical Antibiotics
Antifungals
Antiviral
Biocides

By End Users:

Hospitals
Specialty Clinics

By Region:

North America
Europe
East Asia
South Asia
Oceania
Latin America
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 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

Continuous Glucose Monitoring Devices Market is set to witness significant growth in the years ahead, with an anticipated worth of US$ 16.8 billion by 2033

The Continuous Glucose Monitoring Device Market has experienced significant growth and innovation in recent years, revolutionizing the way individuals manage their diabetes. CGM devices are advanced medical technologies designed to provide real-time and continuous monitoring of glucose levels in the bloodstream, offering a more accurate and comprehensive understanding of a person’s glucose fluctuations compared to traditional finger stick measurements. This technology has proven to be particularly valuable for people with diabetes, enabling them to make timely and informed decisions about their diet, exercise, and insulin dosing.

The CGM market’s growth can be attributed to several factors, including the increasing prevalence of diabetes worldwide, the growing demand for non-invasive glucose monitoring solutions, and the continuous efforts of manufacturers to improve device accuracy, convenience, and user experience. As a result, the market has witnessed the development of smaller, more comfortable, and longer-lasting CGM sensors that require less frequent calibrations and offer seamless data integration with smartphones and other electronic devices.

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According to a recently published Continuous Glucose Monitoring Device Market industry analysis report by Future Market Insights, the market’s global sales in 2022 were estimated to be US$ 4.9 billion. The market is anticipated to grow at a CAGR of 11.9% from 2023 to 2033, reaching a valuation of US$ 16.8 billion. With a CAGR of roughly 11.6% from 2023 to 2033, the sensor component is anticipated to generate the most income.

Healthcare providers also benefit from the CGM technology, as it allows them to remotely monitor patients’ glucose levels and adjust treatment plans more effectively. Additionally, the data generated by CGM devices have the potential to drive insights for better disease management and treatment development, contributing to the ongoing research and advancement of diabetes care.

Despite the promising growth and positive impact of CGM devices, challenges remain, including issues related to device affordability, insurance coverage, and data accuracy. As the market continues to evolve, it is expected that these challenges will be addressed through technological advancements, regulatory developments, and increased awareness of the benefits of continuous glucose monitoring.

Key features and benefits of CGM devices include:

Continuous Monitoring: CGM devices provide real-time glucose readings at regular intervals (usually every few minutes) throughout the day and night, enabling users to track their glucose levels without the need for frequent fingerstick testing.
Data Trends: CGM devices offer insights into glucose trends, helping users understand how their glucose levels change in response to various factors such as meals, physical activity, and medication.
Alerts and Alarms: CGM devices can be programmed to provide alerts and alarms when glucose levels are too high (hyperglycemia) or too low (hypoglycemia), helping users take timely corrective actions to avoid severe complications.
Data Sharing: Many CGM devices allow users to share their glucose data with healthcare professionals, caregivers, or family members, enabling remote monitoring and intervention when necessary.
Improved Diabetes Management: By having a better understanding of their glucose patterns, users can make informed decisions about insulin dosing, dietary choices, and physical activity to maintain optimal glucose control.

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The CGM device market has seen significant growth in recent years due to the increasing prevalence of diabetes, technological advancements, and the growing demand for better diabetes management solutions. The market includes several well-established companies as well as newer entrants, each offering various features, accuracy levels, and form factors to cater to the diverse needs of individuals with diabetes.

Key Companies Profiled:

A. Menarini Diagnostics
Echo Therapeutics, Inc.
Abbott Laboratories
Bayer AG
Dexcom, Inc.
F. Hoffmann-La Roche Ltd.
GE Healthcare
GlySens Incorporated
Insulet Corporation
Johnson & Johnson
LifeScan
Medtronic plc
Medtrum Technologies, Inc.
Microchip Technology Inc.
Micron Technology Inc.
Nemaura Medical, Inc.

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Market Segments Covered in Continuous Glucose Monitoring Device Industry Analysis:

By Component:

Transmitters
Sensors
Receivers

By End-Use:

Hospitals
Home Care
Other End-uses

By Region:

North America
Europe
Asia Pacific
Latin America
MEA

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Security and Vulnerability Management Market Set for a Prosperous Future, Expected to Reach US$ 4.2 Billion by 2027

The global security and vulnerability management market is expected to reach a value of US$ 2.5 billion in 2022. It is projected to grow steadily at a compound annual growth rate (CAGR) of 11.3%, reaching a total worth of US$ 4.2 billion by the conclusion of 2027.

Security and vulnerability management solutions and services account for 5% share of the global cybersecurity market. Enterprises are improving their threat intelligence and risk management operations with security and vulnerability management providers to create effective security systems for their operational infrastructure.

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Tools for threat intelligence and incident response, tools for vulnerability assessment and management, and security information and event management (SIEM) systems are important goods in this sector. Among others, Symantec, McAfee, TrendMicro, and RSA are significant market participants in the security and vulnerability management space.

By the end of 2027, the market for security and vulnerability management is projected to be worth US$ 4.2 billion, having grown at a CAGR of 11.3% from its estimated value of US$ 2.5 billion in 2022. Products and services for security and vulnerability management make up 5% of the global cybersecurity market.

Businesses are upgrading their threat intelligence and risk management operations with security and vulnerability management firms in order to provide effective security solutions for their operational infrastructure. Dynamics Affecting Growth in the Global Security and Vulnerability Management Market.

Global Security and Vulnerability Management Market: Forecast by Region

This research has coverage of the seven important geopolitical regions of North America, Latin America, Eastern and Western Europe, APEJ, Japan, and the Middle East and Africa. North America is anticipated to be the most alluring regional market in the worldwide security and vulnerability management market in terms of value over the course of the projection. However, throughout the projected period, the market in APEJ is anticipated to experience rapid year over year growth. The market in APEJ is anticipated to grow more quickly than other regions, with a CAGR of 13.3% predicted for the forecast period.

Global Security and Vulnerability Management Market: Forecast by Component

On the basis of components, the global security and vulnerability management market is segmented into software and services. In 2016, the software segment was the dominant segment, valued at US$ 4,774.6 Mn, and is expected to remain dominant in terms of value throughout the forecast period. However, the services segment is expected to exhibit relatively high growth rates in terms of value and is anticipated to exhibit a CAGR of 13.6% over the forecast period.

Leading Key Players:

IBM Corporation
Micro Focus
Symantec Corporation
Rapid7 Inc.
Qualys Inc.
Trend Micro Inc.
Tenable Inc.
McAfee LLC
Tripwire Inc.
RSA Security LLC (Dell EMC)

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Security and Vulnerability Management Industry Segmentation:

By Component:

Security and Vulnerability Management Software
Security and Vulnerability Management Services

By Enterprise Type:

Security and Vulnerability Management for Small Enterprises
Security and Vulnerability Management for Medium Enterprises
Security and Vulnerability Management for Large Enterprises

By Vertical:

Security and Vulnerability Management in IT and Telecom
Security and Vulnerability Management in Retail
Security and Vulnerability Management in Government
Security and Vulnerability Management in BFSI
Security and Vulnerability Management in Healthcare
Security and Vulnerability Management in Utility
Security and Vulnerability Management in Defence
Others

By Region:

North America Security and Vulnerability Management Market
Latin America Security and Vulnerability Management Market
Europe Security and Vulnerability Management Market
East Asia Security and Vulnerability Management Market
South Asia & Pacific Security and Vulnerability Management Market
Middle East & Africa (MEA) Security and Vulnerability Management Market

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

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Nandini Singh Sawlani

Cell and Gene Therapy Manufacturing Market is projected to experience a 29% CAGR expedition from 2023 to 2033, as per FMI’s prediction | FMI

The global Cell And Gene Therapy Manufacturing Market is anticipated to create phenomenal growth opportunities over the forecast period by registering a CAGR of 29% from 2023 to 2033. The global market reached a valuation of around US$ 19.3 Billion in 2023 and is expected to surpass a valuation of around US$ 240 Billion by 2033. As per the Cell and Gene Therapy Manufacturing Market research by Future Market Insights – a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 22% CAGR.

Market revenue through Cell Therapy Manufacturing is expected to be the highest revenue-generating segment, accounting for an expected CAGR of 31.8% from 2023 to 2033. The augmenting frequency of cancer and other target diseases, combined with increasing research and development spending in pharmaceutical companies, are driving market expansion.

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Immunotherapy, gene transfer, and oncolytic virotherapy are three separate gene therapy treatments that are excessively utilized to treat cancer. As the number of instances increases, so will the reliance on gene therapy, thus driving the market growth. In addition to that, it has been estimated that more than 50 million people will be diagnosed with cancer within the next five years.

Report Highlights:

Breast cancer has significantly suppressed lung cancer, by being one of the most commonly diagnosed cancers worldwide. For the first time, owing to its high incidence in low- and middle-income nations. Because cancer is one of the most complex diseases, cell and gene therapy is one of the fields with a significant opportunity for cancer treatment.

Aging populations and socioeconomic risk factors are two of the most common causes of cancer cases worldwide. Breast cancer is also one of every four cancers diagnosed in women worldwide, according to the same source.

GLOBOCAN 2020 has been revised by the International Agency for Research on Cancer (IARC), which reveals that the worldwide cancer burden has increased to 19.3 million cases and 10 million cancer deaths in 2020.

Recent Developments:

There are approximately 1,200 cell and gene therapies in clinical trials worldwide. In the USA alone, there are around 700 investigational cell and gene therapies in clinical trials.

Various manufacturing facilities are unable to keep up with global requirements. Hundreds of more facilities are expected to be required to manufacture the therapies currently in clinical development. Viral capacity is one of the areas that has to be accelerated.

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A significant portion of the viral vectors is built with adherent manufacturing, which is expensive to run. A vial of 20 million cells are likely to cost anywhere between US$ 20,000 and US$ 30,000 to generate. The cost of producing gene therapy can range from US$ 500,000 to US$ 1 million, excluding research and development, clinical trial costs, and the costs of establishing the commercial infrastructure required to offer access to patients.

Competitive Landscape:

The surging interest of key public and private investors in the development of advanced therapies are expected to boost market revenue during the forecast period. In addition, key firms are enhancing their market presence through strategic activities such as mergers and acquisitions, licensing, and partnerships.

More Insights into the Cell and Gene Therapy Manufacturing Market:

The North American region is anticipated to dominate the global cell and gene therapy manufacturing market over the forecast period. The U.S.A. accounted for a massive proportion of the market revenues in 2022. The key driving factors for the market expansion in the country are the large number of active clinical trials, as well as the growing engagement of firms in gene and cell therapy research and development. With more than 400 businesses actively engaged in the development of cell and gene therapy products for various diseases, North America was ranked top for having the most gene therapy clinical trials.

The United Kingdom market is expected to showcase a positive growth outlook over the evaluation period. The European region is expected to reach a valuation of US$ 6.5 Billion by 2033. Growing with a CAGR of 23.9% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of US$ 5.7 Billion.

In countries like Japan, the global market is expected to propel at a CAGR of 32.5% from 2023 to 2033, surpassing a valuation of US$ 12.6 Billion by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 11.9 Billion during the forecast period.

Key Companies Profiled:

Thermo Fisher Scientific
Merck KGaA
Lonza
Catalent Inc.
Takara Bio Inc.
F. Hoffmann-La Roche Ltd
Wuxi Advanced Therapies
Samsung Biologics
Boehringer Ingelheim
Novartis AG
Hitachi Chemical Co., Ltd.
Cellular Therapeutics
Miltenyi Biotec
Bluebird Bio Inc.

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Segments Covered in Cell and Gene Therapy Manufacturing Market Analysis:

By Therapy Type:

Cell Therapy Manufacturing
- Stem Cell Therapy
- Non-Stem Cell Therapy
Gene Therapy Manufacturing

By Scale:

Pre-commercial/ R&D Manufacturing
Commercial Scale Manufacturing

By Mode:

Contract Manufacturing
In-house Manufacturing

By Workflow:

Cell Processing
Cell Banking
Process Development
Fill & Finish Operations
Analytical And Quality Testing
Raw Material Testing
Vector Production
Other Workflows

By Region:

North America
Latin America
Europe
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Europe Injection Molding Machines Market Value: Industry Projected to Reach US$ 5,288.9 Million by 2033: In Depth Market Analysis

The Europe Injection Molding Machines Market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 4.3% expected during the period spanning from 2023 to 2033. Over this timeframe, the market’s size is anticipated to undergo substantial expansion, increasing from an estimated US$ 3,475.3 million in 2023 to a projected US$ 5,288.9 million by 2033. Notably, the market achieved a valuation of US$ 3,339.4 million at the conclusion of 2022, and it is predicted to exhibit year-on-year (y-o-y) growth of 4.1% in the year 2023.

Elevated Injection Molding Machine Demand in Europe: Europe is experiencing a surge in demand for injection molding machines, driven by a convergence of pivotal factors. The region boasts a robust manufacturing sector that encompasses diverse industries, including automotive, packaging, electronics, and medical devices.

Essential Role in Multiple Sectors: Injection molding machines hold a pivotal position within these industries, facilitating the cost-effective and efficient production of top-quality plastic components and products. With an ever-growing demand for consumer goods and continual technological advancements, the necessity for injection molding machines has witnessed a remarkable upswing.

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Across Europe, sustainability and environmental concerns have ascended to the forefront of industrial priorities. Injection molding machines are gaining prominence as they offer a spectrum of eco-friendly advantages when compared to alternative manufacturing processes. This alignment with sustainability goals and environmental priorities reinforces the appeal and relevance of injection molding machines in the European manufacturing landscape.

Constantly Evolving Automobile Sector in Europe Up-scaling the Market

Thriving European Automotive Industry: The European automobile sector is experiencing robust growth, primarily propelled by the escalating need for vehicles that enhance daily commuting. The increasing demand for passenger cars and various vehicle types within the region can be attributed to the surge in income levels, urbanization, and the continual improvement of road infrastructure.

A Hub for Auto Brands: Europe stands as a hub for numerous automotive brands, housing a significant share of the industry’s major players. As a result, this concentration has led to an augmented requirement for the manufacturing of new automobile components and equipment to meet the burgeoning market demands.

Cost Efficiency and Fuel Efficiency through Injection Molding: Injection molding offers the European automotive sector a strategic advantage by minimizing material waste, thereby aiding in cost reduction. Additionally, it facilitates the use of lightweight materials, contributing to improved fuel efficiency in vehicles, aligning with the industry’s evolving focus on sustainability and performance enhancement.

Drivers:

Consumer Demand and Manufacturing Needs: The increasing demand for consumer goods, including plastics-based products, and the evolving manufacturing needs in various industries are driving the demand for injection molding machines.
Technological Advancements: Ongoing technological innovations and advancements in injection molding machine technology are improving efficiency, precision, and versatility, making these machines more attractive to manufacturers.
Sustainability and Environmental Concerns: The focus on sustainability and environmental responsibility in Europe has led to a preference for injection molding machines, which are considered more eco-friendly and efficient in terms of material usage and waste reduction.
Customization and Precision: Injection molding machines allow for high precision and customization, meeting the diverse requirements of industries like automotive, healthcare, and consumer goods.
Cost-Effectiveness: Injection molding is often a cost-effective manufacturing method for producing plastic components at scale, contributing to its popularity in European industries.

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Report Coverage:

Revenue Forecast

Volume Forecast

Company Ranking

Competitive Landscape

Growth Factors

Trends

Pricing Analysis

Key Players:

Haitian Plastic Machinery Group Co. Ltd.
Arburg GmbH
The Japan Steel Works, LTD.
Husky Injection Molding Systems Ltd.
Engel AUSTRIA GmbH
Chen Hsong Holdings Limited
Milacron
Sumitomo Heavy Industries, Ltd.
KraussMaffei Group
FANUC CORPORATION
Woojin Plaimm GmbH
Tederic

Europe Injection Molding Machines Market Outlook by Category:

By Automation:

All-electric
Hydraulic
Hybrid

By Clamping Force:

Between 1500 and 2000
Above 2000

By Material:

Plastic
Metal
Rubber
Ceramic

By End Use:

Automotive
Packaging
Electronics
Healthcare
Consumer Goods
Building & Construction

By Country:

Germany
Spain
Russia
Italy
United Kingdom
France
BENELUX
Nordic
Poland
Rest of Europe

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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

Aquaculture Vaccine Market Poised to reach US$ 913.6 Million by 2033, Fuelled by Rising Global Aquaculture Production: FMI Study

The global Aquaculture Vaccines Market is worth US$ 406 Million as of now and is expected to reach US$ 913.6 Million by the year 2033 at a CAGR of 8.5% between 2023 and 2033.

Surge in aquaculture is the factor majorly driving the aquaculture vaccines market. There is an ever-increasing demand for canned fish products, seafood, and aquaculture-oriented activities. It is a known fact that seafood is rich in nutrition and ends up creating a positive impact on human health.

Live vaccines comprise live viruses and bacteria with a comparatively lower severity in the fish species. As live vaccines do induce cell-mediated & humoral antibodies and mucosal immunity, the immunity of the fish gets boosted. Extensive research is being conducted on this count so that benefits like ease of culturing, cost-effective production, and clear genetic composition could be availed.

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Immersion vaccines are reported to showcase superlative efficiency wherein mass vaccination is needed. They do receive stress on the fish and do minimize risks that the vaccination teams could be subject to. The basic functionality of immersion vaccines is that of bringing immune cells in the fills/skin of fish in touch with antigens; thereby stimulating the production of antibodies.

The aquaculture sector is exposed to prevalence of bacterial infections in the present scenario. Challenges like these are certainly prompting the fish farmers to significantly invest in incorporation of aquaculture vaccines. Besides, it has been observed that almost 70% of salmon consumed worldwide is farmed. Banning the sales of antibiotics is encouraging the fish farmers to go for high-value aquaculture vaccines.

At the same time, lack of awareness regarding importance of aquaculture vaccines in the under-developed economies is likely to hamper the aquaculture vaccines market in the near future.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Aquaculture Vaccines Market’. It has its dedicated team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With fish farming sector being compelled to churn out effective solutions for preventing viral and bacterial infections, the global aquaculture vaccines market is likely to witness consistence in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Aquaculture Vaccines Market:

Europe holds more than 20% of the market share. This could be attributed to Norway being the largest exporter of salmon along with growing concerns regarding antimicrobial activities. The Norwegian Medicines Agency does make provision of specific guidelines and regulations related to the applications of autogenous vaccines. The European Commission has funded a huge-scale collaborative project under 7^th Framework Programme for extending support to aquaculture industry.
North America holds a significant market share with the US witnessing a rising demand for safe and clean fish and other marine foodstuff.
The Asia-Pacific is expected to witness a sizable growth in aquaculture vaccines market going forward due to booming aquaculture vertical, thereby resulting in increase in production of various aquatic species like tilapia (especially in Japan).

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Competitive Vaccines:

Virbac, in September 2020, did announce acquiring a series of tilapia vaccines from Ictyogroup (an animal health company specializing in research pertaining to biology). These two companies also inked a partnership agreement for Aqua Virbac division developing novel formulations and vaccines.
Barramundi Asia, in January 2020, did announce merging with Allergo Aqua with the objective of bringing fingerling research in-house. The method has thus helped in maintenance of long-term relationships.
Merck, in August 2020, completed acquisition of IdentiGEN to extend its line-up of livestock and aquaculture products.
Elanco, in December 2020, did move its headquarters to Indiana to complement its IPP (Innovation, Portfolio & Productivity) strategy and also establish a center of excellence for consolidation of future footprint.
CIBA, in April 2021, did launch Nodavac-R, which comes across as an injectable recombinant viral nervous necrosis (VNN) vaccine to avert vertical transmission in the brooders.
MSD Animal Health, in November 2019, did launch AQUAVAC Strep Sa-Si injectable and dip immersion vaccine against Streptococcis in the tilapia fish in LATAM.

What does the Report span?

The research study is based on product type (attenuated live vaccines, inactivated vaccines, subunit vaccines, DNA vaccines, and recombinant vaccines), by route of administration (oral, injected, and immersion & spray), and by type (viral, bacterial, and parasitic).
With rising demand for aquatic animal-derived food products, the global aquaculture vaccines market is bound to grow graciously in the near future.

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Key Companies Profiled:

GlaxoSmithKline plc
Merck & Co., Inc
Pfizer, Inc.
Sanofi SA
CSL Limited
Emergent BioSolutions, Inc.
Johnson & Johnson
AstraZeneca plc
Serum Institute of India Pvt. Ltd.
Bavarian Nordic A/S
Mitsubishi Tanabe Pharma Corporation
Daiichi Sankyo Company, Limited
Panacea Biotec, Ltd.
Biological E Limited
Bharat Biotech Ltd.
Novavax, Inc.

Market Segments Covered in Aquaculture Vaccines Industry Analysis:

Product Type Outlook:

Attenuated Live Vaccines
Inactivated Vaccines
Subunit Vaccines
DNA Vaccines
Recombinant Vaccines

Route of Administration:

Oral
Injected
Immersion & Spray

Regional Outlook:

Bacterial
Viral
Parasitic

Regional:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)

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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