The Personal Care and Cosmetics Microalgae Market Poised for Growth, Aiming to Reach a Valuation of US$ 107.0 Million by 2033

The personal care and cosmetics microalgae market is expected to reach US$ 61 million by 2023. The microalgae business in personal care and cosmetics is predicted to reach US$ 107.0 million by 2033, growing at a CAGR of 6% between 2023 and 2033.

As the personal care and cosmetics industries have become more interested in natural and sustainable ingredients, microalgae have emerged as a possible source of bioactive chemicals. The market for microalgae in personal care and cosmetics is expected to grow dramatically in the next years.

Rising customer desire for natural and sustainable goods, as well as greater environmental consciousness about the consequences of conventional cosmetic chemicals, are driving the expansion of the microalgae market in personal care and cosmetics.

The personal care and cosmetics microalgae sector is quickly increasing as people demand eco-friendly and natural components in their skincare and cosmetics. The rejuvenating properties of microalgae, which are abundant in minerals and antioxidants, are gaining prominence. This eco-friendly trend is predicted to boost the market, opening up new opportunities for industry participants and product innovation. The sector is expected to grow greatly in the next years as more research and technological advancements are done.

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As the personal care and cosmetics industries have become more interested in natural and sustainable ingredients, microalgae have emerged as a possible source of bioactive chemicals. The market for microalgae in personal care and cosmetics is expected to grow considerably in the next years.

Nature’s Elixir: Microalgae and the Rise of Eco-Friendly Cosmetics

In its search for environmentally responsible methods, the personal care and cosmetics industry has discovered a sustainable gem: microalgae. Due to their rapid development and capacity for environmental adaptation, microalgae have a lower environmental impact than petroleum or compounds generated from animals. The demand for natural and sustainable cosmetics is rising as consumer awareness of sustainability increases.

Beauty firms are embracing a green approach, delivering new and eco-friendly products that not only enhance beauty but also preserve our world, by harnessing the power of microalgae.

From Pond to Perfection: Microalgae’s Miraculous Anti-Aging Discovery

Microalgae, a natural wonder, hold the key to young skin. These small creatures are rich in antioxidants, peptides, and fatty acids, and provide a plentiful source of anti-ageing bioactive substances. The ageing process of the skin can be gently resisted by integrating microalgae into skincare formulas such as creams, serums, and masks.

Wrinkles fade, suppleness is restored, and a beautiful, youthful glow emerges, allowing people to experience the eternal beauty that microalgae unleash.

Regional Outlook

The Glow Game’s Pioneer in North America

The personal care and cosmetics microalgae market favors North America as a leading competitor. Customers in the area are accepting eco-friendly substitutes thanks to a strong focus on sustainable beauty. North America is leading the way in microalgae-based cosmetic products thanks to the availability of state-of-the-art research facilities and a rising desire for natural ingredients.

Utilizing Ancient Wisdom in the Asia Pacific

The custom of employing natural products in beauty routines is one that Asia-Pacific cherishes. Exploring the potential of microalgae is made possible by the area’s extensive knowledge of traditional medicine and herbal medicines.

The demand for microalgae-infused cosmetics is increasing in Asia-Pacific due to rising disposable incomes, an emphasis on maintaining young, and a growing awareness of environmental practices.

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Key Takeaways

  • From 2023 to 2033, the United States may gain a 32% market share in the global personal care and cosmetics microalgae market.
  • Germany may control 10% of the global personal care and cosmetics microalgae industry from 2023 to 2033.
  • Between 2023 and 2033, Japan may increase its share of the personal care and cosmetics microalgae industry to 0.8%.
  • Australia to hold a 0.5% share of the personal care and cosmetics microalgae market from 2023 to 2033.
  • The Spirulina segment of the Species Type category is predicted to have a market share of 21.4% by 2033.
  • The skin care sector wants to attain a substantial market share of 21.4% in the end-use category between 2023 and 2033.
  • The marine water sector wants to attain a substantial market share of 45% in the source category between 2023 and 2033.
  • During the forecast period, China’s personal care and cosmetics microalgae business to expand at a CAGR of 6.7%.
  • From 2023 to 2033, the United Kingdom’s personal care and cosmetics microalgae industry is estimated to register a 10.3% CAGR.
  • India’s personal care and cosmetics microalgae market to record a CAGR of 4.5% through 2033.

Competitive Landscape

As businesses become aware of the advantages of microalgae-derived components and the need for natural and sustainable products, the personal care and cosmetics microalgae market has grown competitive.

Microalgae extracts are included by both established and new cosmetic companies in their product lines to create cutting-edge formulations. To guarantee a steady supply of high-quality microalgae extracts, specialized biotechnology companies with a focus on microalgae cultivation and extraction have arisen.

Key Players Operating in the Market

  • DIC Corporation
  • Cyanotech Corporation
  • Koninkliijke DSM NV
  • Roquette Frères
  • BASF SE
  • Fuji Chemical Industries Co., Ltd.
  • Parry Nutraceuticals
  • BGG (Beijing Gingko Group)
  • KDI Ingredients
  • Sinoway Industrial Co., ltd.
  • INNOBIO Corporation Limited
  • Yunnan Alphy Biotech Co., Ltd
  • Algaecan Biotech Ltd.
  • Algatechnologies Ltd.
  • Cardax, Inc.
  • Igene Biotechnology, Inc.
  • Fenchem Biotek Ltd.
  • AstaReal Inc.
  • Valensa International
  • Kunming Biogenic Co., Ltd.

Key Segments

By Species Type:

  • Spirulina
  • Chlorella
  • Dunaliella
  • Haematococcus
  • Schizochytrium
  • Euglena
  • Nannochloropsis
  • Nostoc
  • Phaedactylum
  • Others

By Source:

  • Marine Water
  • Fresh Water

By End Use Application:

  • Fragrance
  • Hair Care
    • Hair Removal
    • Hair Conditioning & Shampoos
    • Hair Color
  • Eye Care
  • Skin Care
    • Anti-aging
    • Acne Preparations
    • Moisturizers
    • Skin Whitening Creams
    • UV-protection
    • Others
  • Oral Care
  • Cosmaceuticals
  • 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.

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Lucrative Growth Prospects for Pre-made Pouch Packaging in the United States as Food Industry Adapts to Evolving Consumer Preferences

Pre-made Pouch Packaging Market

The United States has asserted its dominance in the North American pre-made pouch packaging market, capturing a substantial 87.6% market share in 2022. This market is poised for significant growth in the coming years, offering lucrative opportunities. The nation hosts a multitude of organized pre-made pouch packaging manufacturers, a testament to its strong market presence.

As the food industry undergoes rapid transformation to cater to diverse consumer preferences, the United States stands at the forefront. With an increasing focus on environmental consciousness, the demand for food packaging pouches is on the rise. Market players are expanding their product lines, intensifying competition, while consumer trends favoring re-closability, re-usability, and portability further drive the demand for pre-made pouch packaging solutions in the United States.

The pre-made pouch packaging market size is projected to be valued at US$ 10,808.3 million in 2023 and is expected to rise to US$ 16,625.03 million by 2033. The sales of pre-made pouch packaging are likely to register a CAGR of 4.4% during the forecast period.

Pre-made pouch packaging is one of the fast-growing segments of the packaging industry, combining the best qualities of film, paper, and aluminum foil to provide a broad range of protective characteristics.

End-use companies’ increasing preference for sustainable packaging solutions, as a result of rising regulatory pressure and consumer awareness about sustainability, is expected to boost product demand in the coming years.

Pouch production requires less material, energy, and water. Furthermore, such products contribute to the reduction of landfills after disposal, which improves their sustainability profile.

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Stand-up pouches are used as a marketing tool because they have a sizable surface area on which graphics can be printed to attract customers, especially in supermarkets where customers make a quicker purchase decision. This factor has also enticed end-user companies to use such packaging formats.

The pharmaceutical and nutraceutical industries have also been driving the demand for pre-made pouch packaging as it provides them with a sustainable and recyclable polymer-based alternative.

The market is expanding rapidly due to pre-made pouch packaging that ensures food safety, increased product value, extended shelf-life, heating and moisture barrier, effective permeability, and ease of use.

Key Takeaways:

  • Spout closures are anticipated to expand at the fastest pace of 4.8% throughout the projection period as a consequence of the growing demand for environmentally friendly substitutes.
  • The tear-notch closure type segment is anticipated to hold 44.2% of the market by 2028. Customers are assured of the company’s professional-level packaging and the potential of a duplicate product is eliminated by the tear notch closure, which indicates where the bag should be cut.
  • The plastics material market share is anticipated to reach 52.6% by 2028. Due to their resistance to moisture, dust, oxygen, and UV radiation, plastic pouches keep packed products fresher for longer; this characteristic accounts for the segment’s greatest share.
  • By 2033, China may expand at an astounding CAGR of 5.8%. China is anticipated to be a significant market in the Asia pre-made pouch packaging sector due to its expanding population and increasing consumption of packaged goods.
  • With an 87.6% market share in 2022, the United States is expected to dominate the pre-made pouch packaging industry in North America. The United States is anticipated to provide profitable growth potential for pre-made pouch packaging during the coming years. The United States is home to numerous reputable pre-made pouch packaging companies.

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Competitive Landscape

Leading manufacturers of pre-made pouch packaging systems are following the path of strategic mergers & acquisitions to strengthen their foothold in the global market. Increasing consumer demand for flexible packaging solutions has compelled market participants across the value chain to rethink their strategies to optimize their efficiency.

It is anticipated that manufacturers will continue to pursue M&A to enhance their capabilities and expand geographical presence in an attempt to lure more consumers inclined towards flexibility and convenience. Demand for transparency and aesthetic product appeal will continue to influence consumers’ buying decisions.

For instance,

  • In May 2020 – PPC Flexible Packaging, a supplier of unique flexible packaging for various markets, launched PPC Green, its new sustainability offering.

Competitive Landscape

Key producers of pre-made pouch packaging systems are pursuing a deliberate mergers & acquisitions strategy to increase their market share globally. Flexible packaging solutions are becoming more popular with consumers, which has forced industry players throughout the value chain to reconsider their business plans to increase productivity.

Amcor announced a US$ 45 million strategic investment in digitally-based ePacFlexible Packaging (manufacturers of stand-up pouches, lay flat pouches, and roll stock with a self-claimed advantage in print technology) to increase its minority shareholding in ePacHoldings LLC in September 2022.

  • ProAmpac announced the acquisition of Belle-Pak Packaging (Belle-Pak), a manufacturer of award-winning flexible packaging products, in February 2022. ProAmpac strengthened its growing position in Canada and expanded its reach in the high-growth e-commerce, healthcare, and logistics end industries with this acquisition.
  • Sonoco completed the acquisition of Ball Metalpack, a manufacturer of eco-friendly tinplate food packaging, in January 2022. The collaboration broadens the range of environmentally friendly packaging to include tinplate packaging.

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Key Segments: 

  • Tear Notch
  • Spout
  • Zipper
  • Flip Lid & Others

By Material:

  • Plastic Pre-made Pouch Packaging
    • Polyethylene Terephthalate (PET)
    • Polyethylene (PE)
    • Polyvinyl Chloride (PVC)
    • Polypropylene (PP)
    • Polyamide (PA)
  • Paper Pre-made Pouch Packaging
  • Aluminum Laminates
  • Others

By End-use Industry:

  • Pre-made Pouch Packaging for Food
    • Fruits & Vegetables
    • Meat Poultry and Seafood
    • Bakery & Confectionery
    • Ready-to-eat
    • Dairy Products
    • Pet Food
    • Others
  • Pre-made Pouch Packaging for Pharmaceuticals
  • Pre-made Pouch Packaging for Cosmetics & Personal Care
  • Others

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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:       

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Global Surgical Mask Market to Soar to US$5.7 Billion by 2033 with a Strong 10.7% CAGR | FMI’s Comprehensive Analysis

The Global Surgical Mask Industry is on a path of consistent growth, poised to achieve a remarkable CAGR of 10.7% during the forecast period. In 2023, it is expected to hit the $2.06 billion mark, and by 2033, this thriving market is projected to reach an impressive $5.7 billion.

According to comprehensive research conducted by FMI, an ESOMAR-certified consulting firm, the Global Surgical Mask Industry is primed for robust growth from 2020 to 2030. Focusing on key aspects such as demand, product innovations, revenue generation, and sales, the report provides invaluable insights into this dynamic market.

The study delivers a thorough analysis of market dynamics, encompassing drivers, restraints, opportunities, and challenges, and elucidates their significant impact on the Global Surgical Mask Industry.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Global Surgical Mask Industry Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth have gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Global Surgical Mask Industry.

Future Market Insight’s (FMI’s) latest study published on the Global Surgical Mask Industry provides insights into key factors uplifting sales over the next ten years. It provides an unbiased analysis on key trends, drivers, and opportunities across key segments, the report also provides a strategic analysis on the incumbents, existing players, and leading players operating in the Surgical Mask market

Key Global Surgical Mask Industry Takeaways and Projections

  • The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2031.
  • Germany Surgical Mask market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
  • China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
  • India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

  • Surgical Mask Historical Market Outlook:Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Global Surgical Mask Industry. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
  • Surgical Mask Demand-Supply Assessment:The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Global Surgical Mask Industry. As per the survey, Surgical Mask sales will project steady growth over the forecast period.
  • XZY Market Structure Analysis:The report provides detailed information about market the concentration of key players and tier analysis in the Global Surgical Mask Industry. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
  • Surgical Mask Category & Segment Level Analysis:FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
  • Global Surgical Mask Industry Trend Analysis:FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the Global Surgical Mask Industry to assist management-level decision-makers in constructing a strategy to capitalize on critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the Global Surgical Mask Industry.

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Some of the prominent market players are profiled by FMI

3M, Honeywell International Inc., Medline Industries, Inc., Halyard Health (Owens & Minor, Inc.), Kimberly-Clark Worldwide, Inc., Medline Industries, Inc., Moldex-Metric Inc., Kowa Company Ltd., Premium HealthCare Disposables Private Limited, Kidwell Medical BioClean (ANSELL LTD.), Dynarex Corp., and Valmy among others.

Key Segments

Product

  • Basic Surgical Masks
  • Anti-Fog Foam Surgical Masks
  • Fluid/Splash Resistant Surgical Masks
  • Others

End-user

  • Hospitals
  • Ambulatory Surgical Centers / Specialty Clinics
  • Individual
  • Others

Region

  • North America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Frozen Pizza Market Valued at US$ 35,994 Million by 2033

The global frozen pizza market size is predicted to surpass a valuation of US$ 20,196 million in 2023. It is anticipated to hit a valuation of US$ 35,994 million by 2033. The market is slated to thrive at a CAGR of 6% from 2023 to 2033.

The frozen pizza market provides more flavour, dough, and topping options. Pizzas that can be customised to meet a variety of preferences are becoming increasingly popular. Customers can choose their pizzas based on their hobbies and dietary needs because they are so diverse. Furthermore, frozen pizzas come in a range of sizes, allowing for smaller servings for solitary diners as well as larger ones for parties or special events.

Demand for frozen pizza has expanded due to the globalisation of culinary preferences and the expansion of Western eating habits. Frozen pizza is becoming more popular as a dinner option, particularly in areas where traditional pizza culture is less prevalent.

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Frozen pizza manufacturers have worked hard over the years to improve the quality of their products. Innovations in food processing and packaging have improved the flavour, texture, and quality of frozen pizzas. As a result, customers now think frozen pizzas are better than freshly baked pizzas. Frozen pizza manufacturers have begun to provide premium ingredients such as whole wheat crusts, reduced-fat cheese, and organic toppings in order to appeal to health-conscious consumers. These healthier alternatives have expanded the frozen pizza business by luring customers seeking a combination of convenience and better dietary options.

Key Takeaways from Frozen Pizza Market:

  • The global frozen pizza industry size developed at a CAGR of 2.4% from 2018 to 2022.
  • In 2018, the global market size stood at US$ 17,660.5 million.
  • The global market size stood at US$ 19,419.20 million in 2022.
  • Thin crust accounted for a maximum share of 63.3% of the global frozen pizza market in 2022.
  • Store-based retailing held a dominant share of more than 66.3% in 2022.
  • The large pizza segment accounted for 51.3% of the global market in 2022.
  • In 2022, the United States captured 17.2% shares in the global market.
  • In 2022, China captured 4.8% shares in the global market.
  • In 2022, India captured 25.2% shares in the global market.

Recent Developments Observed by FMI:

  • In June 2021, Brazi Bites announced the release of a new product line called Pizza’nadas for sale to customers in the United States. Pizza’nadas is a combination of frozen pizzas and empanadas.
  • Ole & Lena’s Pizzeria announced expansion plans to include wholesaling operations for frozen pizza. It is offered through retailers like Walmart for specific locations in the United States.
  • Dr. Oetker announced the expansion of its Ristorante frozen pizza line. Along with the launch of a new Vegan Society-certified Ristorante Margherita Pomodori pizza for consumers in the United Kingdom.

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Key Players in the Global Market

  • Frozen Specialties Inc.
  • Jubilant Foodworks Limited
  • Convenio Foods Pvt. Ltd.
  • Giovanni’s Frozen Pizza
  • Monte Pizza Crust B.V.
  • General Mills Inc.
  • Nestle’ S.A.
  • McCain Foods Ltd.
  • Dr. Oetker GmbH
  • Daiya Foods Inc.
  • Connies Pizza
  • Conagra Brands Inc.
  • Others

Market Segmentation

By Crust Type:

  • Thin Crust
  • Thick Crust
  • Stuffed Crust

By Toppings:

  • Cheese
  • Meat
  • Fruits and Vegetables
  • Others

By Sales Channel:

  • Store-based Retailing
    • Convenience Stores
    • Discounters
    • Forecourt Retailers
    • Hypermarkets
    • Supermarkets
    • Food Specialist
  • Online Retail

By Size Type:

  • Small
  • Medium
  • Large

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Fluoropolymers in Healthcare Industry Set to Reach US $792.9 Million with a 5.3% CAGR By 2033 | FMI

A recent market analysis conducted by FMI reveals that the flourishing market for Global Fluoropolymers In Healthcare Industry is poised for remarkable growth. By 2033, it is anticipated to achieve a market value of US$ 792.9 million, supported by a commendable Compound Annual Growth Rate (CAGR) of 5.3%. This upward trajectory is mirrored by the industry’s current expansion, which is set to be worth US$ 472.4 million in 2023.

The pharmaceutical sector, in particular, stands out as a high-impact player in this dynamic market. Driven by the imperative to pioneer innovative healthcare products, pharmaceutical companies are making substantial investments in Research and Development (R&D) activities. This strategic focus is guided by the increasing demand for specialty drugs, motivating companies to diversify their product portfolios.

As new products like gene therapy, biologics, and therapies with varying profiles of value and volumes hit the market, both manufacturers and distributors of fluoropolymers must reevaluate their existing systems. They need to develop innovative approaches to enhance these systems, thus ensuring larger profit margins.

Global Fluoropolymers in Healthcare Industry Size Study

  • Polytetrafluoroethylene (PTFE) to remain the preferred fluoropolymer in healthcare
  • Adoption of hospital disposables will remain prominent through 2030
  • Medical devices including, introducers, and catheters, will see greater adoption in the coming years
  • East Asia continues to offer opportunities for growth and development over the following decade, given surging per-capital healthcare expenditure
  • Market players to focus on expanding their portfolio to reach a larger consumer base

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While the industry has been jolted due to pandemic-induced restrictions, growth will resume with the gradual easing of these restrictions. Collaboration with worldwide government and non-government agencies is stepping up to handle pandemic preparedness and react via knowledge sharing and pooled resources.

Global Fluoropolymers in Healthcare Industry – Competitive Intelligence

The global fluoropolymers in the healthcare market are fairly consolidated, given a limited number of players competing with each other. Globally, market players are investing in capacity expansions to diversify their product portfolio and maintain their market competitiveness. For instance,

  • Dongyue Group is expanding the production capacity of concentrated emulsion PTFE and dispersion resin at its Zibo unit in China in order to satiate rising demand for PTFE from North America, Europe, Southeast Asia, and South America.
  • Gujarat Fluorochemicals Limited (GFL) has scaled up its fluorochemicals capacity from to 46,800 tons per annum (TPA) at its Gujarat facility in a bid to keep pace with increasing demand for fluoropolymers across Asia Pacific (APAC).

Want to Know More About Fluoropolymers in the Healthcare Market?

Future Market Insights, in its new study, provides compelling insights about the fluoropolymers in the healthcare market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030. The report offers an unbiased assessment of fluoropolymers in the healthcare market through three different categories – product type, application, and region. The Global Fluoropolymers in Healthcare Industry research study delivers insights of pricing by different life cycle analyses, product life cycles, major market trends, and technologies that are being utilized in the development of fluoropolymers in healthcare and product adoption in various end-user industries.

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Key Segments

Product Type:

  • PTFE
  • PVDF
  • PVF
  • FEP
  • PCTFE
  • PFA
  • Others

Application:

  • Medical Devices
  • Hospital Disposable
  • Pharma Packaging

Regional Outlook:

  • North America (US, and Canada)
  • Latin America (Brazil, and Mexico)
  • Europe (Germany, UK, Russia, France, and Italy)
  • South Asia & Pacific (India, Indonesia, Thailand, Australia and New Zealand)
  • East Asia (China, Japan, and South Korea)
  • Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)

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Author

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

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

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

About Future Market Insights (FMI)

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

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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The Food Flavor Enhancer Market Charts a Flavorful Path to Reach a Valuation of US$ 16,251.1 Million by 2033

Limited-edition flavours and seasonal flavours have the potential to revitalise businesses and provide a great approach to introducing new products to customers. Fruits and vegetables are becoming more and more well-liked, particularly in powder form. The use of food flavour enhancers market is likely to be pushed in the future by the market’s increasing savoury tastes and desire for vegan foods.

According to forecasts, the food flavor enhancer market will be worth US$ 8,736 million in 2023 and US$ 16,251.1 million by 2033. Initially, from 2018 to 2022, the global market was growing at a CAGR of 2.4%.

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As individuals become more concerned about eating nutritious foods and maintaining a healthy lifestyle, the demand for natural and organic food flavour enhancers has skyrocketed. The Food Safety and requirements Authority of India (FSSAI) and the United States Food and Drug Administration (FDA) have both enacted stringent requirements, increasing demand for safe flavour enhancers.

Customers in rising economies have greater disposable income, making pet adoption easier. As a result, the need for dog and cat food flavor enhancers has soared.

Challenges Reducing Market Profitability

Artificial food flavour enhancer production needs a significant investment in R&D as well as premium raw ingredients. The fluctuating cost of these components may have an impact on the profitability of enterprises who manufacture flavour enhancers.

Governments and health organizations have tight regulations governing the use of some artificial taste enhancers, and these regulations must be adhered to. Any modifications to these rules may alter the availability and application of specific food flavor enhancers, which could impact the market.

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Key Takeaways

  • In 2022, the United States accounted for 7.1% share in the food flavor enhancer market.
  • The food flavor enhancer market was significantly expanding, with a size of US$ 8,400 million in 2022.
  • Market shows amazing opportunities due to the diversity in flavors, and expects a growth rate of 1.04x between 2022 and 2023.
  • The market in China is anticipated to expand at an adequate CAGR of 4.8% by 2033.
  • In 2022, Germany accounted for 4.8% CAGR in the food flavor enhancer market.
  • In 2022, Australia accounted for 2.9% CAGR in the food flavor enhancer market.
  • By 2033, it is expected that the United Kingdom market expansion is likely to expand at a respectable CAGR of 6%.
  • Based on the end use, the food service/HoReCa is likely to lead the market and continue to lead the market.
  • Based on source, the plant-based segment continues to dominate the sector during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

Companies are creating unique flavors, preferably manufactured from ingredients with clean labels that come from natural sources. To keep up with changing consumer preferences and needs, these businesses continually spend in research and development initiatives to create novel flavor enhancers.

Recent Developments

  • 2020 saw the arrival of Givaudan’s new Tastepoint line of natural flavors, which features a range of flavors such as fruit, dairy, savory, sweet, and beverage flavors.
  • Firmenich purchased Senomyx, a US-based business that specializes in creating and marketing flavor compounds, in 2019.
  • Tate & Lyle PLC expanded its operations in Thailand’s tapioca-based industry in February 2021, when it fully bought 85% of Chaodee Modified Starch Co. Ltd. The program gives the business the ability to meet consumer demand for clean-label foods. This also denotes the company’s growth in the Asia Pacific region.

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Key Segment

By Form:

  • Powder
  • Liquid

By Product Type:

  • Glutamates
  • Hydrolyzed Vegetable Protein
  • Yeast Extract
  • Others (Meat Extract, Plant Extract)

By Source:

  • Plant-based
  • Yeast
  • Seaweed
  • Synthetic

By End Use:

  • Soups and Sauces
  • Meat and Seafood
  • Ready Meals/Prepared Foods
  • Dairy Products
  • Snacks, Savouries, and Seasonings
  • Beverages
  • Bakery and Confectionery
  • Foodservice/HoReCa
  • Household/Retail
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • Southeast Asia & Rest of APAC
  • The 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   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Manual Resuscitator Industry Set to Reach USD 845.3 Million by 2030 with a Remarkable 5.7% CAGR | FMI

The Global Manual Resuscitator Industry, as indicated by recent research conducted by ESOMAR-certified firm Future Market Insights (FMI), is anticipated to achieve a valuation of USD 845.3 million by the year 2030.

Breathlessness, a primary symptom of Chronic Obstructive Pulmonary Disease (COPD), a severe respiratory ailment, has become an increasing concern worldwide. According to the World Health Organization (WHO), the global count of COPD sufferers exceeded 250 million in 2019, with more than 15 million cases reported in the United States alone, as per data from the American Lung Cancer Association. Regrettably, there is currently no direct cure for COPD, making symptomatic treatment the primary approach.

Future Market Insights’ analysis highlights that manual resuscitation serves as a vital intervention at present. However, it’s worth noting that automation in this sector is expected to reshape the industry landscape in the coming years.

The anticipated growth in the Manual resuscitation market underscores the importance of developing advanced medical solutions to address critical respiratory conditions like COPD. As technology continues to advance, the industry is expected to adapt and evolve, potentially offering innovative approaches to treatment and patient care.

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What’s with Infants and Neonates?

According to the WHO, in the year 2018, close to 2.5 Mn children died in the very first month of their life due to pre-term birth, infections, or birth asphyxia.

It further states that around 23% of infants were diagnosed with birth asphyxia in the same year. Resuscitation is a must in cases like these.

The trend mentioned above, apart from COPD, is expected to take the Global Manual Resuscitator Industry at a higher stride in the forecast period (2020-2030).

Key Takeaways

  • Self-inflating bags accounted for the highest market share in 2019 as the usability is greater in emergency situations. Also, NCBI states that neonatal care could be best adhered to through self-inflating bags.
  • Flow-inflating bag (better known as anaesthesia bag) is expected to witness an exponential growth between 2020 and 2030 as it finds its applications in intensive care units, wherein even a bit of fluctuation in oxygen delivery is uncalled for.
  • Out-of-hospital cardiac arrests have been increasing worldwide. Around 395,000 such cases are seen in the US alone every single year. The National Academies of Sciences, Engineering and Medicine (US) has been conducting public workshops for improving strategies to survive cardiac arrests. This will also drive the demand for manual resuscitators as the primary course of treatment.
  • The outbreak of Covid-19 has escalated the demand for manual resuscitators as breathlessness is one of the symptoms herein.

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Key Participant Insights

The global market is set to enhance its scope in the forecast period, due to rising number of cardiac arrests. In addition to this, cost-effectiveness is augmenting the sales of manual resuscitator.

The key market players covered by FMI include HUM Systems for Life, GE Healthcare, Covidien Plc, Hopkins Medical Product, Drager Medical AG and Co., Laerdal Medical, Me. Ber. Srl, Hill, Ambu A/S, Philips Healthcare, CareFusion, Weinmann, and Medline Industries.

Want more insights?

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The Global Manual Resuscitator Industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on manual resuscitator market on the basis of type (flow-inflating resuscitator, self-inflating resuscitator, T-piece), modality (silicone, PVC, rubber), technology (pop-off valve, PEEP valve, others), type of patient (pediatric, adult, others (infants, neonates), application (COPD, cardiopulmonary arrest, others (asthma, anaesthesia), end-use (hospital, out-of-hospital (home care, community care, primary care), ASC, military, others (specialized diagnostic centres, specialized clinics) across seven major regions.

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Manual Resuscitator Industry Analysis

Global Manual Resuscitator Industry by Product Type:

  • Flow-inflating Manual Resuscitators
  • Self-inflating Manual Resuscitators
  • T-piece

Global Manual Resuscitator Industry by Material:

  • Silicone Manual Resuscitators
  • PVC Manual Resuscitators
  • Rubber Manual Resuscitators

Global Manual Resuscitator Industry by Usage:

  • Disposable Manual Resuscitators
  • Reusable Manual Resuscitators

Global Manual Resuscitator Industry by Technology:

  • Pop-off Valves
  • PEEP Valves
  • Others

Global Manual Resuscitator Industry by Type of Patient:

  • Pediatrics
  • Adults
  • Others (Neonates and Infants)

Global Manual Resuscitator Industry by End Use:

  • Hospitals
  • Out-of-Hospitals (Home Care, Community Care, Primary Care)
  • ASC
  • Military
  • Others (Specialized Diagnostic Centers, Specialized Clinics)

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Automated Cell Culture Systems Industry is expected to reach a valuation of US$ 20.87 Billion by 2030, with a CAGR of 8.4%

In a remarkable surge, the Global Automated Cell Culture Systems Industry is expected to achieve unprecedented growth at an impressive Compound Annual Growth Rate (CAGR) of 8.4%. This market, which was valued at US$ 10.91 Billion in 2022, is poised to scale new heights and reach a valuation of US$ 20.87 Billion by 2030.

Automated cell culture systems presently hold a substantial 44.5% share in the global cell culture market. This surge is powered by several dynamic factors, including the burgeoning field of stem cell research and development, groundbreaking advancements in drug discovery, and substantial investments directed towards the creation of innovative products.

The projections for the global automated cell culture systems market underscore the industry’s robust potential and the substantial opportunities it presents for both investors and innovators. The remarkable CAGR of 8.4% signifies a promising future, as this market segment continues to evolve and redefine the landscape of cell culture technologies.

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Key Takeaways from Automated Cell Culture Systems Market

  • Consumables are expected to reach US$ 11 Bn by 2030
  • Academic institutes are expected to take greater interests in research related to cell culture over the forecast period due to increased government funding in developed countries
  • North America and Europe collectively accounted for more than 60% of market share in 2019
  • Infinite cell line cultures held close to 75% of market share in 2019

New Product Launches to Remain Key Strategic Focus of Market Players

Players in automated cell culture systems market are focusing on new product launches for expanding their global footprint and strengthening product portfolio.

For instance –

  • In Jun 2020, faCellitate announced launching “BIOFLOAT”, its very first product to improve 3D cell culture.
  • In Mar 2020, BioProcess International started implementing single-use miniature bioreactors for supporting intensified cell culture by using functional performance indicators for assessing small-scale model
  • Corning Incorporated, in Oct 2019, came up with Corning Elplasia Plates and Matrigel for organoid culture. It was an addition to its 3D cell culture portfolio
  • Ori Biotech has started developing an automated way of manufacturing cell and gene therapies
  • In May, 2020, Sartorius announced launch of the Incucyte SX5® for live-cell analysis, for live-cell analysis experiments

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Automated Cell Culture Systems Market: Competitive Insights

The global automated cell culture systems market is set to expand its scope in the forecast period, stimulated by increasing drug discovery research and diverse applications of cell lines in research purposes. Furthermore, automated cell culture systems are used for experiments in drug discovery research and in cell banking process. In addition, cost effectiveness and rise in alternative methods for traditional cell culture production is augmenting the adoption of automated cell culture systems.

Key market players covered in the market include Thermo Fisher Scientific, Corning Incorporated, Merck KGaA, Lonza, Sartorius AG, Tecan Trading AG, Hamilton Medical AG., Biospherix and Promocell GmbH.  Key players integrate their positions through acquisitions, mergers and new product launches.

Key Segments of Automated Cell Culture Systems Industry Survey

Automated Cell Culture Systems Market by Product:

  • Automated Cell Culture Storage Equipment
  • Automated Cell Culture Vessels
  • Bioreactors
  • Consumables

Automated Cell Culture Systems Market by Cell Culture:

  • Finite Cell Line Cultures
  • Infinite Cell Line Cultures

Automated Cell Culture Systems Market by Application:

  • Drug Development
  • Stem Cell Research
  • Regenerative Medicine
  • Cancer Research

Automated Cell Culture Systems Market by End User:

  • Biotech Companies
  • Research Organizations
  • Academic Institutes

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Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Guidewires Industry Set to Reach US$ 5.9 Billion by 2030 with a 6.1% CAGR | Insights by FMI

The Global Guidewires Industry, valued at US$ 3.7 Billion in 2022, is poised for remarkable growth, with an anticipated ascent to US$ 5.9 Billion by 2030, representing a robust Compound Annual Growth Rate (CAGR) of 6.1% spanning the years 2022 to 2030.

In an era marked by a surge in sedentary desk jobs, health concerns loom large for individuals worldwide, with heightened risks of diabetes, obesity, and cardiovascular diseases stemming from excessive sugar and saturated fat consumption. Consequently, an increasing number of patients are opting for surgical interventions, favoring minimally invasive procedures over traditional open-heart surgery.

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Guidewires emerge as indispensable tools in the realm of medical interventions, specifically for the precise placement of stents, catheters, and various other medical devices. Notably, the rising incidence of catheter-related infections acquired within hospital settings is a prominent driving force behind the burgeoning Global Guidewires Industry. This trend is expected to persist and continue driving market growth in the foreseeable future.

As the healthcare landscape continues to evolve, the Global Guidewires Industry is set to play a pivotal role in enhancing patient care and treatment outcomes. Stay tuned for further developments and insights as this dynamic industry unfolds.

Neurovascular diseases like dural arteriovenous fistula, arteriovenous malformations, aneurysms, cavernoma, cerebral hemorrhage, and stroke are asking for guidewires on the part of treatment. Hydrophilic coating is drawing maximum revenue and as far as raw material is concerned, stainless steel witness’s maximum demand. However, nitinol is expected to overpower stainless steel in the years to come. This could be attributed to better flexibility coupled with better kink resistance.

At the same time, limitations like blood clots on guidewire, catheter tip flaring, and abrasion of vessels, and risk of unraveling could restrain the guidewires market going forward.

Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Global Guidewires Industry’. It has its set of analysts and consultants to execute through macros and micros.

“With quicker recovery time, smaller incisions, and lessened pain, the Global Guidewires Industry is expected to grow on an astounding note in the forecast period”, says an analyst from Future Market Insights.

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Key Takeaways from Global Guidewires Industry

  • North America holds the largest market share with the US witnessing a growing inclination toward minimally invasive surgical procedures.
  • Europe holds the second-largest market share with Germany ruling the roost. This could be credited to the country being subject to an unprecedented rise in the number of chronic conditions coupled with sedentary lifestyle.
  • The Asia-Pacific is expected to grow at the fastest rate in the guidewires market going forward with China spending excessively on modern-day medical tools and devices for improving surgical outcomes and enhancing patients’ lives.

Competitive Guidewires

  • Teleflex, in January 2021, did expand value of ErgoPack Complete improvements to the vascular access products that are critical to function.
  • Boston Scientific Corporation, in April 2021, did announce launching Kinetix Guidewire for utilization in the PCI (percutaneous coronary intervention) procedures.
  • Cardiovascular Systems Inc., in October 2019, received approval from the US FDA for ViperWire Advance Coronary Guide Wire. This guidewire is abreast with Diamondback 360 orbital atherectomy system; thereby facilitating outcomes of treatment and navigation.

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What does the Report Cover?

  • The research study is based on interventional guidewires (hydrophilic guidewires and hydrophobic guidewires) and diagnostic guidewires (hydrophilic guidewires and hydrophobic guidewires)), application (coronary guidewires, peripheral guidewires, urology guidewires, radiology guidewires, neurovascular guidewires, gastroenterology guidewires, and likewise), material type (nitinol guidewires, PTFE guidewires, stainless steel guidewires, and hybrid guidewires), tip shape (J tip, angled tip, and straight tip), and end-user (hospitals, Ambulatory Surgical Centers, cardiac catheterization laboratories, and specialty clinics).
  • With growing incidences of chronic ailments like cardiovascular diseases, neurovascular diseases, and urological diseases in the wake of exploding geriatric population, the Global Guidewires Industry is bound to grow stupendously in the forecast period.

Key Companies Profiled:

  • Boston Scientific Corporation
  • Terumo Corporation
  • Cardinal Health Inc.
  • Cook Medical Inc.
  • Johnson & Johnson
  • Medtronic PLC
  • Teleflex Corporation
  • Stryker Corporation
  • B. Braun Melsungen AG
  • Abbott Laboratories
  •  Olympus Corporation
  • Merit Medical Inc.
  • Becton, Dickinson and Company

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Key Market Segments Covered In Global Guidewires Industry Research

By Product:

  • Interventional Guidewires
    • Hydrophilic Guidewires
    • Hydrophobic Guidewires
  • Diagnostic Guidewires
    • Hydrophilic Guidewires
    • Hydrophobic Guidewires

By Application:

  • Coronary Guidewires
  • Peripheral Guidewires
  • Urology Guidewires
  • Radiology Guidewires
  • Neurovascular Guidewires
  • Gastroenterology Guidewires
  • Others

By Material Type:

  • Nitinol Guidewires
  • PTFE Guidewires
  • Stainless Steel Guidewires
  • Hybrid Guidewires

By Tip Shape:

  • J Tip
  • Angled Tip
  • Straight Tip

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories
  • Specialty Clinics

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Retail Automation Market Set to Reach US$ 47,706.8 Million by 2033, Says FMI

The Retail Automation Market is poised for remarkable growth, projected to surge from US$ 18,845.3 million in 2023 to an impressive US$ 47,706.8 million by 2033, at a steady CAGR of 9.7%, as per the latest insights from Future Market Insights (FMI).

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Key Takeaways:

The Retail Automation Market is on a growth trajectory, poised to reach US$ 47,706.8 million by 2033, driven by the adoption of autonomous robotics, pandemic-induced operational changes, and the integration of cognitive technology. Market participants must navigate regional nuances, address potential challenges, and seize the vast opportunities presented by evolving consumer preferences and technological innovations.

Drivers and Opportunities:

This surge in the Retail Automation Market can be attributed to the widespread adoption of autonomous mobile robotics (AMR) and autonomous guided vehicles (AGV) within the retail sector. These innovations are expected to drive demand for retail automation solutions throughout the forecasted period.

Moreover, the industry is experiencing significant growth due to the transformation of business operations, primarily prompted by the global shift to remote work during the pandemic. Additionally, the integration of cognitive technology and the reconfiguration of business processes across organizations are further propelling the market’s expansion.

The retail sector, adapting to changing consumer preferences and behaviors, has embraced automation to enhance customer engagement and streamline operational activities. This transformative shift in business models offers market participants an extensive array of value chain opportunities within the dynamic Retail Automation industry.

Competitive Landscape – Regional Trends:

While the Retail Automation Market exhibits robust global growth, regional trends indicate diverse dynamics. Key players are vying for supremacy, with North America and Europe at the forefront, driven by technological advancements and heightened consumer expectations. In contrast, the Asia-Pacific region is rapidly emerging as a significant growth hub, offering untapped potential for market players.

Restraints:

Despite the promising outlook, the Retail Automation Market faces certain challenges. Resistance to change, high initial implementation costs, and concerns related to data security pose potential hurdles for market expansion. Addressing these challenges will be crucial for market stakeholders to unlock the full potential of retail automation.

Region-wise Insights – Category-wise Insights:

Regionally, North America and Europe are anticipated to maintain their dominance in the Retail Automation Market, with robust investments in technological advancements and innovative solutions. The Asia-Pacific region is witnessing rapid growth, driven by the increasing adoption of e-commerce and the need for efficient supply chain management.

In terms of categories, automated checkout systems and inventory management solutions are expected to witness substantial growth, catering to the evolving demands of the retail sector. Additionally, the integration of artificial intelligence and machine learning in these categories is likely to revolutionize retail operations.

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Key Segments Covered

Product Type :

  • Manned POS Terminal
    • Fixed POS Terminal
    • Mobile POS Terminal
    • Contactless POS Terminal
  • Unattended Terminals
    • Kiosk / Vending Machine
    • Self-Checkout System

Market :

  • Organized Market
  • Unorganized Market

Industry :

  • FMCG
  • Health and Personal Care
  • Apparel and footwear
  • Hospitality
  • Consumer Electronics
  • Travel and Logistics
  • Oil & Gas
  • Others

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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
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