Market Research Blog – Page 4298 – New Product Development

Consumer Electronics Packaging Market Soars to US$35.4 Billion by 2027, with a Remarkable 9.8% CAGR

The Consumer Electronics Packaging Market is undergoing a substantial transformation, characterized by impressive growth and innovative trends. With revenues reaching US$ 22.2 billion in 2022 and projected to soar to US$ 35.4 billion by 2027, the market showcases a robust Compound Annual Growth Rate (CAGR) of 9.8%. In 2021, the sector experienced a noteworthy upswing of 9.9% YoY, as indicated by Future Market Insights (FMI). This trend is poised to create an incremental opportunity of US$ 13.2 billion during the forecasted period.

Notably, the Asia Pacific and North American regions are anticipated to jointly hold an imposing 57% share of the global consumer electronics packaging market by 2027. This market’s evolution is fueled by novel packaging solutions that boast unique, vibrant, and memorable designs, aligning with minimalistic aesthetics. Recent expansions, such as Smurfit Kappa Group’s investment of US$ 33 million to enhance plant capacity in Brazil for shelf-ready packaging, underscore the industry’s commitment to innovation and growth. However, challenges related to materials like PVC polymer, which can degrade under high temperatures and potentially harm goods, highlight the importance of sustainable and resilient packaging solutions in this dynamic landscape.

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The report begins with a brief presentation and overview of the Consumer Electronics Packaging market, about the current market landscape, market trends, major market players, product type, application, and region. It also includes the impact of COVID-19 on the global Consumer Electronics Packaging market trends, future forecasts, growth opportunities, end-user industries, and market players. It also provides historical data, current market scenario and future insights on Consumer Electronics Packaging market. This study provides a comprehensive understanding of market value with the product price, demand, gross margin, and supply of the Consumer Electronics Packaging market. The competitive perspective section of the report presents a clear insight into the market share analysis of the major players in the industry.

Increasing demand for protective packaging for electronic products and growing consumer preference for eco-friendly packaging at affordable prices have encouraged manufacturing companies to develop advanced packaging materials. Moreover, rising demand for rigid and retail-ready packaging such as folding carton packaging from consumer electronic makers is expected to open lucrative opportunities for existing and emerging market players during the forecast period.

Competitive Landscape

Pioneering and small-scale manufacturers throughout the global consumer electronics packaging market are focusing on the understanding of the current needs of brand owners and producing consumer electronics packaging solutions accordingly. Furthermore, these players are implementing marketing strategies such as mergers and acquisitions in order to expand their business reach and strengthen their market position.

For instance,

In December 2021, the Swedish paper giant, BillerudKorsnäs made deal with Verso, a North American paperboard manufacturer. This deal will be one of the most cost-efficient in the history of the packaging industry as it will help to grow paperboard platforms in North America.
In October 2021, De Jong Packaging has purchased De Hoop paper mill, Netherlands from DS Smith. In comparison to other companies, the mill primarily produces heavy weight grades of recycled paper.

Key Companies Profiled:

DS Smith Plc,cMondi Group,cInternational Paper Company,cSonoco Products Company,cSealed Air Corporation,cHuhtamaki Oyj,cSmurfit Kappa Group PLC,cWestRock Company,cUFP Technologies, Inc.,cStora Enso Oyi,cPregis Corporation,cShenzhen Hoichow Packing Manufacturing Ltd.,cDordan Manufacturing Company,cHangzhou Xunda Packaging Co.,cDunapack Packaging Group,cJJX Packaging LLC

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Consumer Electronics Packaging Market By Category

By Product Type:

Corrugated Boxes
Paperboard Boxes
Thermoformed Trays
Bags & Pouches
Blister Packs & Clamshells
Protective Packaging
Others

By Application:

Mobile Phones
Computers

Laptops & Tablets
Desktops & Servers

TVs, DTH & Set-Top boxes
Music Systems
Printers, Scanners & Photocopy Machines
Game Consoles & Toys
Camcorders & Cameras
Electronic Wearable
Digital Media Adapters
Others

By Material Type

Plastic
Polyethylene (PE)
Polypropylene (PP)
Poly Vinyl Chloride (PVC)
Polyamide (PA)
Polyethylene terephthalate (PET)
Polystyrene (PS)
Others
Paper & Paperboard
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
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Website: https://www.futuremarketinsights.com
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Global Marking and Coding Equipment Market to Surge to $1.8 Billion by 2027, Fueled by 5.6% CAGR

The global marking and coding equipment market is on a trajectory to reach a valuation of US$ 1.8 billion by 2027, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.6% from an estimated value of US$ 1.3 billion in 2022. The demand for continuous inkjet (CIJ) technology within this market is set to contribute significantly, projected to touch US$ 647 million in 2022, displaying a steady growth rate with a CAGR of 5.1% for the period spanning 2022 to 2027, as per the latest analysis by Future Market Insights (FMI).

Notably, the India marking and coding equipment market is poised to experience impressive growth with an anticipated CAGR of 8.0% during the forecast period. This growth defies initial skepticism due to the global pandemic’s impact. The Asia Pacific region as a whole has witnessed substantial sales of marking and coding equipment, reaching US$ 504 million in 2022.

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While the market exhibits promising prospects, there are industry factors at play, coupled with specific influences such as the substantial capital investment required for implementing coding and marking equipment, which may temper the market’s growth trajectory.

Recent innovations include printers capable of recycling unused ink, showcasing the industry’s dedication to sustainability. For instance, in July 2022, the acquisition of Telesis Technologies by Hitachi Industrial Equipment Systems aimed to enhance the marking equipment business.

A comprehensive analysis by Future Market Insights indicates a rise in the market for marking and coding equipment, attributed to its crucial role in conveying valuable product information. This is evident in a projected increase of 40 basis share points (BPS) in H1-2022 compared to H1-2021. Furthermore, a surge in BPS change by 30 during the projected H1-2022 outlook period reflects its pivotal function in product communication.

The market is estimated to witness a 1.7x increase in revenue from 2017 to 2022. By 2017 end, the global marking and coding equipment market is expected to be valued at around US$ 1 Bn and is projected to reach a value of more than US$ 1.8 Bn by the end of 2027.

The global market is anticipated to reflect a CAGR of 5.6% throughout the period of forecast (2022-2027). The research report on the global marking and coding equipment market reveals the influence of various trends, challenges and drivers on the growth of the global market across key regions namely North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Global Marking and Coding Equipment Market: Competition Assessment

This fact based research study on the global marking and coding equipment market includes a detailed analysis of various companies participating in the global market such as Hitachi America, Ltd., Videojet Technologies, Inc., Markem-Imaje Corporation, Domino Printing Sciences plc., Interactive Coding Equipment (ICE), TYKMA Electrox, Inc., Squid Ink Manufacturing Inc., ATD Ltd., Open Date Systems, Inc., MACSA ID S.A, RN Mark Inc., Diagraph Corporation, Linx Printing Technologies, Numeric Marking Systems, Control Print Ltd., Durable Technologies, REA Elektronik GmbH, Matthews International Corporation, INKJET, Inc., and KGK Marking Technologies Group.

An in-depth market segmentation has been carried out to cover every angle of the market in order to portray a realistic market scenario. The report reflects historical data, current market scenario as well as future market estimates for a period of 10 years from 2022 till 2027.

Global Marking and Coding Equipment Market: Analysis of Various Segments

The global marking and coding equipment market has been segmented by technology type, by application type, by end use and by region.

By technology type, the continuous inkjet printer segment is the largest with respect to market value and dominates the global market. On the other hand, laser coding systems have gained high traction and this is the second largest segment, projected to grow at the highest rate to register a CAGR of 6.5% during the forecast period.
By region, Asia Pacific excluding Japan (APEJ) is the most attractive and the marking and coding equipment market in this region is estimated to reach a high value of around US$ 710 Mn by 2027 end.
By application, the rigid packaging segment is likely to dominate the global market with a higher market share in terms of both value and volume in the years to follow. The flexible packaging application segment is projected to grow at 5.8% CAGR during the 2022 – 2027 timeline
By end use, the food segment is expected to exhibit high potential for growth in the global marking and coding equipment market. This segment is anticipated to lead the global market in terms of value and is estimated to reach a high valuation of about US$ 784 Mn by the end of the forecast period.

Global Marking and Coding Equipment Market: Factors Influencing Growth

Factors such as a positive retail sector outlook, seamless integration with active packaging solutions, rising demand from the chemical packaging industry, new product launches, advancements in laser marking technology, high growth in the food industry and increasing use of marking and coding equipment in the building and construction material industry across the globe are expected to fuel revenue growth of the global marking and coding equipment market.

Few aspects such as the political crisis, intense competition, high cost of consumables and uneven size package coding leading to increased cost are anticipated to pose hindrances to the growth of the global marking and coding equipment market.

Global Marking and Coding Equipment Market: Vital Forecast Highlights

The global marking and coding equipment market is expected to grow at a CAGR of 5.5% throughout the period of forecast and is estimated to reach a value of US$ 1770 Mn by the end of the assessment year.

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Marking and Coding Equipment Market by CategoryBy Technology :

Continuous Inkjet (CIJ)
Thermal Inkjet (TIJ)
Thermal Transfer Overprint (TTO)
Laser Coding System
Large Character Marking (LCP)
Label Print Applicator (LPA)
Other Printers

By Application :

Flexible Packaging
- Bags
- Pouches & Sachets
- Vacuum / Shrink films
- Others
Rigid Packaging
- Pipes & Tubes
- Boxes
- Bottles & Jars
- Cans
- Metal Parts
- Trays & Clamshells
- Crates
- Others

By End-use Industry :

Food
Beverages
Pharmaceuticals
Personal & Homecare
Electricals & Electronics
Automotive
Chemical & Fertilizers
Building Materials
Other Industries

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.

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Rising Preference for Barrier Shrink Bags Fuels Growth in the Flexible Packaging Industry, Projected CAGR of 5.9% by 2033

The Barrier Shrink Bags Market demonstrates remarkable potential, with an estimated value of about US$2,112.3 million in 2023. Projections indicate a robust CAGR of 5.9% from 2023 to 2033, propelling the market to a projected worth of US$3,968.3 million by 2033. These specialized bags, known for their impeccable sealing, puncture resistance, and transparency, are gaining substantial traction due to the escalating demand for convenient and flexible packaging solutions. The market’s growth trajectory highlights its pivotal role in meeting evolving packaging needs across various industries, positioning it as a key player in the global packaging landscape..

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These types of bags are highly popular in the meat, poultry, cheese, seafood, etc., a section of the food industry as the barrier shrink bags are capable of impacting the shelf life of these products. Thus, the target market finds plenty of lucrative opportunities in these industries during the projected period. The barrier shrink bags ensure safety, and hygiene, and provide a certain convenience that adds on to their popularity in the global market.

“Heightened demand for shelf-life extension will facilitate the global growth of the barrier shrink bags market over the forecast period,” says an FMI analyst.

Key Takeaways:

The high barrier shrink bags segment will expand at a CAGR of 6.1%, reaching US$ 1.6 Bn by the end of 2027.
By application, the meat segment will generate US$ 381 Mn opportunity.
On the basis of type, side sealed product type will grow at 6.0% CAGR, arriving at a value of US$ 1.4 Bn in 2027.
North America will account for 26% of the global market share.
The United States will hold 92% of the target market share in North America through 2027.
The barrier shrink bags market in Italy will expand by 1.7x, creating a revenue opportunity of US$ 24 Mn during 2022-2027.

Competitive Landscape

Amcor plc., Sealed Air Corporation, Winpak Ltd., Kureha Corporation, Schur Flexibles Group, Flavorseal Llc., BUERGOFOL GmbH, Flexopack S.A., Globus Group, Allfo Vakuumverpackungen Hans Bresele Kg, PREMIUMPACK GmbH, Kuplast, Vac Pac Inc., Vector Packaging Inc., Astar Packaging Pte Ltd., Millepack srl., and Spektar d.o.o, among others are some of the major players in the barrier shrink bags market profiled in the full version of the report.

Leading market players are concentrating on product development and releasing new products to increase their product portfolios. These organizations are keen on expanding their operations and launching innovative product lines to strengthen their market presence.

More Insights into Barrier Shrink Bags Market Report

In its latest report, FMI offers an unbiased analysis of the global barrier shrink bags market, providing historical data from 2012 to 2021 and forecast statistics for 2022 to 2027. To understand the global market potential, growth, and scope, the market is segmented on the basis of barrier type (high barrier shrink bags, ultra high barrier shrink bags), application (meat, seafood, poultry, cheese & dairy products, other foods), product type (round bottom sealed, straight bottom sealed, side sealed), material type (polyethylene (low density polyethylene (LDPE), linear low density polyethylene (LLDPE)), polypropylene, polyamide, ethylene vinyl alcohol (EVOH), polyvinylidene chloride (PVDC), others), thickness (up to 50 microns, 51 to 70 microns, 71 to 90 microns, 91 to 110 microns, above 110 microns), abuse strength (high abuse, low abuse), and region.

According to the latest FMI reports, based on segmentation, the high barrier shrink bags segment will dominate the target market. This segment will likely account for 56% of the overall market share by the end of 2027. In terms of application, the meat segment is expected to contribute the most to the target market, reaching a value of US$ 381 Mn during 2022-2027. On the basis of product type, the side sealed segment is expected to gain popularity among the consumers during the forecast period.

Based on region, the barrier shrink bags market in North America will present significant growth, primarily due to the performance of the same market in the United States. Multiple growth opportunities for the target market in the meat packaging sector caused by rising disposable income and an emphasis on eating healthy fuels barrier shrink bags market growth in the U.S. The country is expected to account for 92% of the market share in North America. Apart from the U.S., Italy’s barrier shrink bags market will exhibit notable growth due to lucrative opportunities in the cheese packaging industry. The target market in this country is expected to grow 1.7 times its current value.

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Barrier Shrink Bags Market by Category

By Barrier Type:

High Barrier Shrink Bags
Ultra High Barrier Shrink Bags

By Application:

Meat
Seafood
Poultry
Cheese & Dairy Products
Other Foods

By Product Type:

Round Bottom Sealed
Straight Bottom Sealed
Side Sealed

By Material Type:

Polyethylene
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
Polypropylene
Polyamide
Ethylene Vinyl Alcohol (EVOH)
Polyvinylidene Chloride (PVDC)
Others

By Thickness:

Up to 50 microns
51 to 70 microns
71 to 90 microns
91 to 110 microns
Above 110 microns

By Abuse Strength:

High Abuse
Low Abuse

Author

About Future Market Insights (FMI)

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Endometriosis Treatment Market Projected to Reach 3% CAGR by 2030 with Research and Development Focus

Increasing investments in the Endometriosis Treatment Market by key stakeholders and rising awareness among women are the major factors expected to drive market growth. The global endometriosis treatment market was valued at US$ 2.8 Bn in 2018 and is expected to exhibit a CAGR of around 3% over the forecast period (2019-2030).

The rising prevalence of endometriosis condition has fueled the demand for endometriosis treatment across the world. A high focus on the introduction of therapeutically advanced endometriosis treatment options is expected to propel the growth of the market over the forecast period. Leading industry players are significantly accelerating the development of scientific and clinical therapeutic agents and new product launches in the global endometriosis treatment market. This considerable push by industry players is expected to drive future market growth.

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Key Takeaways of Endometriosis Treatment Industry Study

Based on drug, oral contraceptives contributed maximum value share to the global endometriosis treatment Industry in 2018, owing to a high preference for them as a first-line therapy for patients without contraindications, and efficacy in preventing the recurrence of pelvic pain and endometriosis lesions.
High treatment efficacy and acceptance with low risk are expected to result in a notable share of hormonal therapy in the treatment type.
The hospital pharmacies and retail pharmacies segments, collectively, hold above 60% of the value share of the endometriosis treatment market, owing to the high patient pool in hospitals and visiting retail pharmacies.
Europe captured a notable revenue share of 37% in 2018 and is expected to be the most lucrative region in the global endometriosis treatment market during the forecast period.
Increasing government expenditure for the high growth of the medical industry in emerging economies in the Asian region is expected to drive the growth of the endometriosis treatment market across this region.

Multiple New Indications – Imperative Strategy for Market Players

Increasing the introduction of endometriosis drugs with multiple new indications is a major factor responsible for intense competition among market players. Several companies are focusing on launching new endometriosis treatment options to increase their product sales and expand their market share. For example, in July 2018, AbbVie Inc. introduced a new innovative product – Orilissa™ (elagolix) tablets, a gonadotropin-releasing hormone (GnRH) receptor antagonist for the management of moderate to severe pain associated with endometriosis, in the U.S. market.

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What else is in the report?

Future Market Insights (FMI) offers a unique perspective and actionable insights on the endometriosis treatment market in its latest study, presenting a historical demand assessment of 2014-2018 and projections for the period of 2019-2030, based on the drug (oral contraceptives, progestins, NSAIDs, GnRH analogs, LNR-IUDs, and others), treatment type (hormonal therapy and pain management), and distribution channel (hospital pharmacies, retail pharmacies, drugstores, and e-Commerce), across seven key regions of the world.

Market segmentation

The global endometriosis treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Drug:

Oral Contraceptives
Progestins
NSAIDs
GnRH Analogues
LNR-IUDs
Others

Treatment Type:

Hormonal Therapy
Pain Management

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Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drugstores
e-Commerce

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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FMI’s Insightful Analysis: Dental Hygiene Devices Market on Track to Reach USD 5.9 Billion by 2028, Boasting a 4.8% CAGR

The Dental Hygiene Devices Market, valued at approximately USD 4.4 billion in 2022, is poised for robust growth, with projections indicating it will surge to USD 5.9 billion by 2028, reflecting a steady compound annual growth rate (CAGR) of 4.8% over the forecast period spanning from 2022 to 2028.”

The market for dental hygiene products as well as the global economy have both been significantly impacted by the COVID-19 epidemic. Travel bans, quarantines, and general social isolation measures caused a sharp decline in business and consumer spending up until the end of Q2. This study project’s objective is to give market players a viewpoint on the developing situation and its implications.

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The Dental Hygiene Devices Market research demonstrates the current and future Market share of each region along with the important countries in respective region. Key regions include:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Middle East & Africa (MEA).

Segmentation Analysis on the basis of By Product Type

Tooth Brush
Dental Polishing Devices
Dental Scalers
Other Dental Devices

Segmentation Analysis on the basis of By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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Market Players

Colgate-Palmolive Company
The Procter & Gamble Company
Koninklijke Philips N.V.
Unilever plc.
Glaxosmithkline plc
Ultradent Products Inc.
Johnson & Johnson
3M Company
Dabur India Ltd.
Dentsply Sirona.

What does the Dental Hygiene Devices Market research holds for the readers?

One by one company profile of key vendors.
Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the Global Dental Hygiene Devices Market.
Evaluation of supply-demand ratio in every end use industry.
Regional analysis on the basis of Market share, growth outlook, and key countries.
Positive and negative aspects associated with the consumption of Dental Hygiene Devices.

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The Dental Hygiene Devices Market research clears away the following queries:

What is the present and future outlook of the Global Dental Hygiene Devices Market on the basis of region?
What tactics are the Dental Hygiene Devices Market vendors implementing to give tough competition to their business counterparts?
What are the macro- and microeconomic factors affecting the Global Dental Hygiene Devices Market?
Which end use segment is spectated to lead by the end of 2029?
Why region has the highest consumption of Dental Hygiene Devices?

Reasons to choose Future Market Insights:

Future Market Insights is equipped with highly-experienced professionals that perform a comprehensive primary and secondary research to provide minute details regarding the Market. We publish myriads of reports for Global clients irrespective of the time zone. Our reports are a result of digitally-driven Market solutions that provide unique and actionable insights to the clients.

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

Bronchoscopes Market on Track to Attain US$647.7 Million Sales by 2028, Driven by 4.4% CAGR | FMI Findings

As per Future Market Insights (FMI), the global Bronchoscopes Market is poised to achieve sales of approximately U.S. $480.3 million by the conclusion of 2021, and is set to undergo a significant 1.3-fold expansion during the projected period. Projections indicate a steady growth trajectory, with an expected Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2028, ultimately reaching U.S. $647.7 million in sales by 2028.

The global Bronchoscopes market is estimated to account for around 4% of the global endoscopes market by the end of 2021, which is expected to be valued at US$ 13.0 Billion in the same year. The increasing prevalence of idiopathic pulmonary fibrosis, pulmonary fibrosis, interstitial pneumonitis, occupational sarcoidosis, and pulmonary haemorrhage is boosting global demand for Bronchoscopes and may open up new opportunities for manufacturers.

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Cleaning typical (multiple use) flexible Bronchoscopes is time consuming and expensive, and there is a risk of cross infection. By adopting a single-use flexible video bronchoscope, cross-contamination is eliminated. An early assessment of the economic effectiveness of single-use Bronchoscopes suggests potential hospital savings and patient benefits from infection prevention. The rising use of single-use flexible Bronchoscopes is developing a sizable industry due to their enticing benefits.

“Apart from the factors mentioned, technological advancements in the Bronchoscopes landscape—witnessing a transformation shift from conventional invasive procedures to minimally invasive and advanced devices—is a critical factor determining the global demand for Bronchoscopes, further amplifying its potential applications.

Among the significant improvements and developments boosting global demand for Bronchoscopes are white-light bronchoscopy, navigational bronchoscopy, and autofluorescence (blue-light) bronchoscopy. Thin Bronchoscopes with minimally invasive characteristics are increasingly gaining popularity. Manufacturers of Bronchoscopes have improved on original Bronchoscopes in terms of application and product variety,” notes a company senior analyst.

Top Four Manufacturers Contribute the Largest Global Revenue

Given the rapid pace of technological change, major broncoscope manufacturers are investing heavily in research and development projects to further improve product efficiency. The global broncoscopes market is extremely competitive, with relatively high entry barriers, differentiated and well-established products, and notable high profit margins.

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Tier-1 manufacturers of Bronchoscopes, including Olympus Corporation, FUJIFILM Holdings Corporation, Teleflex Incorporated, and HOYA Corporation, collectively hold a market share of approximately 62.5 percent—with Olympus Corporation contributing the largest revenue slice.

Tier-2 players

KARL STORZ GmbH & Co KG, Ambu A/S, and Richard Wolf GmbH and tier-3 players including Rochling Group and Shanghai AoHua Photoelectricity Endoscope Co., Ltd, collectively contribute approximately 37.5 percent revenue share to the global Bronchoscopes market. Key forward market strategies include:

With continued improvements in the global healthcare setting, key players seek acquisition opportunities as a key growth strategy. Olympus Corporation, Fujifilm Holdings Corporation, Teleflex Incorporated, and HOYA Corporation are likely to focus on mergers, acquisitions, and collaborations strategies, in the coming years. HOYA Corporation, for instance, acquired C2 Therapeutics, to expand its interventional endoscopy offerings in the U.S. and also provide aftersales and repair services.
Besides strategic tie-ups, new product launches will continue to be the key differentiation strategy, helping manufacturers to further solidify their market position. For instance, Olympus Corporation launched Truresolution objectives for multiphoton laser scanning microscopes. Teleflex Incorporated launched LMA® Gastro Airway, facilitating airway control during endoscopic procedures.
Leading manufacturers of Bronchoscopes are also focusing on geographical expansions, specifically in emerging nations, by acquiring local players in the endoscopy market.

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Critical Market Restrainers Identified

Risks of cross-contamination and post bronchoscopy infection in the form of bleeding, troubled breathing, and low blood oxygen level. FMI study indicates high infection rate at ambulatory surgical centers (ASCs), compared to clinics and hospitals.
Growing demand for non-invasive procedures including liquid biopsy and Magnetic Resonance Spectroscopy.
Stringency in regulations demanding a pre-market approval (PMA).

Bronchoscopes Market, By Category Product:

Non-Video Bronchoscopes
Video Bronchoscopes

Modality:

Rigid Bronchoscopes
Flexible Fiber Bronchoscopes
Mobile Bronchoscopes

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

Illuminating Progress: Vein Finder Market Set to Illuminate US$86.8 Million by 2028 with 10.9% CAGR | FMI Insights

The Vein Finder Market on a global scale, achieved a valuation of US$42.1 million in 2021, and it is poised to surpass the US$86.8 million mark by the year 2028. Anticipated to sustain strong growth, this market is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 10.9% throughout the forecast period.

Innovative Vein Finder technology is sweeping the medical device industry, with sophisticated Vein Finders backed by cutting-edge technologies serving as a benefit to physicians, nurses, and phlebotomists.

“Innovations like these are expected to increase adoption of advanced Vein Finders in hospitals and healthcare establishments, leading to significant revenue growth of the global Vein Finder market. Our analysis of the performance of the Vein Finder market reveals an absolute $ opportunity of US$ 3.0 Million between 2018 and 2019 and the global market is estimated to register a stellar growth rate of 10.9% in the coming decade.” Practice Head – Healthcare & Medical Devices, Future Market Insights

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Vein Finder Market Structure Overview: Regional Focus to Bolster Global Market Growth

An overview of the market structure of the global Vein Finder market reveals a strong regional presence of top market companies as well as local players. Leading companies operating in the global Vein Finder market are leveraging acquisitions as a primary strategy to facilitate regional market expansion. Future Market Insights analysis also observes a strong focus by Vein Finder companies on R&D for new product development and expansion of the existing product line in key regional growth markets.

“Implementation of inorganic growth strategies is seen as the way forward to penetrate key growth markets across certain developing regions. Companies in the Vein Finder market with diversified product offerings are collaborating with local regional players to introduce low-cost Vein Finder products in order to cement their presence across top regional markets.”

In 2017, the leading three companies in the global Vein Finder market held a revenue share of about 56% while the remaining players contributed about 44% market share. New product development is a key strategy adopted by players in the global Vein Finder market to increase their brand value. Rising difficulties associated with peripheral venous access and venepuncture are one of the primary factors boosting growth of the Vein Finder market and key players are capitalizing on the growth drivers to increase their market share.

Future Market Insights predicts lucrative revenue growth in the various regional markets of Europe and Asia Pacific Excluding Japan. Europe will likely remain the top market for sales of Vein Finder devices owing to the increasing adoption of Vein Finder across hospitals and clinics to locate veins for drawing blood samples, IV insertions, and other vascular procedures.

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Portable Vein Finder to Garner Maximum End User Demand; Infrared Technology to Register Fastest Growth in Revenue

Portable Vein Finders are likely to be the most preferred product type in the global Vein Finder market, registering impressive demand as well as sales growth in the coming decade. The convenience and ease of use offered by portable Vein Finders is the primary factor boosting adoption across hospitals, clinics, and other healthcare institutions. The global Vein Finder market is fuelled by advanced technology with infrared technology being the most adopted in Vein Finders. Among the various end users of Vein Finders, hospitals are likely to exhibit the highest demand in the next 10 years, also contributing to maximum revenues in the global Vein Finder market.

Competitive Landscape

The market for Vein Finders is fragmented by nature, with only a few players present. These players are part of several strategic alliances. The product launch and acquisition speed up the manufacturer’s strategy to capitalize on market share and gain a sizable market share.

Furthermore, the corporations are focusing on the launch of new items to boost their product portfolio in the Asia Pacific area in order to expand their clientele and capture the largest market share in emerging economies.

Key Players

AccuVein Inc.
Christie Medical Holdings
Koninklijke Philips N.V
Osang Healthcare Co. Ltd
Teleflex Inc. (Acq. VueTek Scientific, LLC.)
TransLite, LLC
ZD Medical
Vivolight
Venoscope LLC
Shenzhen Bestman Instruments Co., Ltd

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Vein Finder Market by Category

By Product:

Portable
Benchtop

By Technology:

Ultraviolet
Infrared
Ultrasound

By End User:

Hospitals
Clinics
Ambulatory Surgical Centers
Diagnostic Centers and Path Labs
Veterinary Clinics
Home Care Settings
Blood Banks

About Future Market Insights (FMI)

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

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FMI’s Revelation: Sustained Release Excipients Market to Achieve a Strong 6.8% CAGR by 2026

In the latest global market intelligence report, it is anticipated that the revenue generated from sustained release excipients will cross the million-dollar mark by the end of this year, with nearly one-third of the market share attributed to North America.

The ongoing expiration of international patents and the rising incidence of orthopedic disorders are driving significant growth in the manufacturing of drug formulations and, consequently, sustained-release excipients. This is reflected in a remarkable manufacturing outlook, characterized by a steady Compound Annual Growth Rate (CAGR) of 6.8%

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Companies like BASF Corporation, Ashland Global Holdings Inc., and The Dow Chemical Company generate more than 42.8% of the market’s revenue for sustained release excipients globally. The businesses involved in this industry are collaborating with local distributors to increase the penetration of their products in the sustained release excipients market.

Research identifies the largest revenue shareholding categories in sustained release excipients marketplace on the basis of product type, end user, and route of administration.

Polymer is currently the largest product type category worth US$ 300 Million, whereas gelatin represents the most opportunistic one.
While oral route of administration remains highly sought after, injectable is presumed to gradually take over.
Biopharmaceutical companies and CMOs pose fierce competition to pharmaceutical companies – the dominant end user of sustained release excipients.

The top five players leading the competition in global sustained release excipients landscape account for a collective revenue share of over 50%, whereas a number of relatively small companies represent the rest. A majority of competitors have a limited offering portfolio and significantly depend on product differentiation for an edge in niche treatment areas,” explains a senior research analyst. “Product innovation and market expansion have been the top developmental strategies of companies so far, which are now complemented with strategic partnerships,” the analyst adds further.

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Multi-level Partnerships – The Key to Delivering Top Notch Excipient Formulations

FMI underlines the critical role of strategic collaborations – between formulators of sustained release excipients and stakeholders across the value chain – in shaping growth of brands as well as the entire sustained release excipients ecosystem.

While partnerships are expected to prominently focus on spotting the key challenges facing manufacturers, continued education about functionality, variability, and consistency of sustained release excipients is also be an important objective. Drug product manufacturers working in tandem with formulators of sustained release excipients is helping companies deliver best-in-class solutions addressing the most prominent pull factors associated with sustained release excipients.

To best grasp real-time market needs, sustained release excipient formulators are most likely to strengthen interaction with end-use customers. This move offers a dual advantage as a developmental strategy – by helping manufacturers precisely understand and address the challenges facing pharmaceutical markets and stimulating development of new excipient formulations that tap into evolving needs.

A recent deal (2017) involving the combination of The Dow Chemical Company-DuPont-FMC (Health & Nutrition) has been a classic example of collaborative operation, involving channel partners as well as customers.

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Additional Questions Answered

Some of the additional questions addressed in this report on sustained release excipients market-

What is the revenue potential of the sustained release excipients market across regions of North America and Europe?
Who are the key competitors and what are their portfolios in sustained release excipients market?
What are major challenges influencing the growth of sustained release excipients market?
How intervention from regulatory authority is shaping the sustained release excipients market growth?

Competitive Landscape:

Competition section of the sustained release excipients market features profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, marketing approach and company dashboard. Examples of some of the key players featured in this report include FMC Corporation, Ashland Global Holdings, BASF Corporation, The Dow Chemical Company, Roquette Freres S.A. Colorcon Inc., Croda International Inc.

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Segmentation:

The report offers a comprehensive taxonomy of sustained release excipients market based on product type, end user, route of administration route, and region. The sustained release excipients are sold for various types of test samples, such as blood, skin, etc. These sustained release excipients are used by pharmaceutical companies, biopharmaceutical companies, neutraceutical companies, and for various type of sustained release excipients, such as food allergies, drug allergies, latex allergies and other types of allergies.

End-use segments in the sustained release excipients market which are a part of this sustained release excipients market report include pharmaceutical companies, biopharmaceutical companies and other end users, such as nutraceutical manufacturers and contract manufacturing organisations. The sustained release excipients market has been analyzed across regions of North America, Latin America, Europe, CIS & Russia, Asia Pacific and 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Cell Line Development Market Soars with a 7.7% CAGR to Reach US$ 10.6 Billion by 2033 | Reveals by FMI

The Global Cell Line Development Market Anticipated to Reach US$ 5.06 Billion in 2023, Envisioning a 7.7% CAGR from 2023 to 2033, Leading to a Projected US$ 10.6 Billion Market by 2033. In 2022, the Market was Valued at US$ 4.7 Billion.

The substantial growth of the cell line development market is predominantly attributed to the increasing adoption of bio-therapeutics for treating chronic diseases like arthritis, diabetes, and cancer. This surge in demand is driving the need for automated cell line development and cell line development services.

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Rapid increase in prevalence of cancer and neurology disorders and lack of efficient treatment solution for these diseases has created the need of more advanced and efficient treatment pathway. Companies and government organizations are investing on research and development activities and are also focusing more on cell line development in search of new cellular pathway to develop novel drugs. The increased spending on biosimilar R&D from exiting biopharmaceutical companies would provide boost to cell line development market.

In recent time the contract research organizations are focusing on cell line development and cell line research activities. According to National Institutes of Health (NIH) the estimated total federal spending on all type of stem cell line research for 2017 is US$ 1.58 Bn. In developing countries like India, government is supporting cell line development through national funding agencies like Department of Biotechnology (DBT), Indian Council of Medical Research (ICMR), and Department of Science and Technology (DST).

Regenerative medicines are the next generation treatment solution and Cell Line Development or Cell Culture is a vital part for regenerative medicine. Increasing demand of regenerative medicines in cancer treatment would positively impacting the growth of Cell Line Development market over the forecast period.

The biopharmaceutical companies operating in development of novel drug line are expected to hold promising revenue opportunity in cell line development market.

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Future Market Insights (FMI) has segmented the cell line development market based on product type, cell line source type, end user, type of cell line and region.

Product type segment in cell line development market is segmented into media and reagents, equipment and accessories. Reagents and Media are required from incubation to preservation of cell lines. These products are expensive and have repetitive use in cell culture or bio-production. Reagent and media segment in cell line development market is expected witness noteworthy growth in terms of revenue owing to rapid increase in demand in cell culture and cell based assays.

Cell line development market by cell line source is categorized into mammalian cells and non-mammalian cells. Mammalian cell line development is anticipate to witness significant growth in overall cell line development market. This growth of mammalian cells segment in cell line development market is driven by increased production of biologics drugs which require mammalian cells. Increasing antibody production is the major driving factor behind the growth of mammalian cell lines segment in cell line development market.

Mammalian cell lines are used to create therapeutic proteins through genetic building and antibodies through viral infection. For example, Gaucher’s disease, which is a genetic disorder characterized by lack of β-glucocerebrosidase enzyme and can be treated by Cerezyme which is a recombinant enzyme produces in mammalian cell lines. Mammalian cell lines are also useful in production of antibodies and other therapeutic agents such as specific binding proteins that can neutralize disease causing agents in the body. For example Under cell line type segment in cell line development market, recombinant cell line development are the most demanding type of cell line due to large application in biologics production, protein interaction, gene activation, toxicity testing and drug screening.

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Growing application recombinant cell line development in drug toxicity testing is expected to boost the growth of overall cell line development during the forecast period

North America and Europe cell line development market will dominate in owing to increasing government funding in cell line development research and rising spending on biosimilar developments. Asia Pacific cell line development market is expected to grow at a high growth rate due to increased number of research organization engaged in novel biologics and biosimilar fastest revenue growth in overall cell line development market.

The Asia Pacific region in Cell line development market is anticipate to witness increasing demand of biopharmaceuticals and regenerative medicines are expected to boost the growth of the cell line development market.

FMI’s report tracks some of the key companies operating in the cell line development market, such as Selexis SA, GE Healthcare, Corning Incorporated, Thermo Fischer Scientific, Inc., American Type Culture Collection (ATCC), Lonza (Sartorius Stedim Biotech S.A.), Danaher Corporation, Merck KGaA, WuXi Biologics.

Key Market Segments Covered in Cell line development Market Research By Product Type:

Reagent and Media
Equipment
Accessories and consumables

By Source Type:

Mammalian cell line
Non-mammalian cell line

By End User:

Biopharmaceutical Companies
Contract Research Organizations
Academics and Research Institutes
Biotechnology Companies

By Cell Lines:

Recombinant cell lines
Hybridomas
Continuous cell lines
Primary cell lines

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani

Extremity Tissue Expanders Market Report by FMI Reveals an Average CAGR of 6.3%, Reaching US$ 1.8 Billion by 2028

The burgeoning aging population and the surge in plastic surgery procedures are the primary drivers behind the expansion of the extremity tissue expanders market throughout the projected timeline. As per the most recent research conducted by our company, the global extremity tissue expanders market is expected to reach a substantial value of US$ 1,842.6 million by the end of 2028. Furthermore, the report on extremity tissue expanders underscores the considerable growth potential, with an average annual growth rate of 6.3% forecasted from 2018 to 2028.

Extremity Tissue Expanders Market: Overview & Analysis

It is observed that reconstructive procedures has undergone a tremendous shift from the conventional invasive procedures to minimally invasive surgeries. Advancements and development of long-lasting improved extremity tissue expanders are expected to be the key factors driving the growth of the industry. Presently, advancements in technology have led to the development of the extremity tissue expanders, with an expansion of potential shape types. There are several limitations of the traditional and conventional medical surgeries, such as long recovery time, more chances of infection, and highly expensive procedures. These limitations have resulted in shift to minimally invasive procedures. Extremity tissue expanders today have become extremely versatile in nature with patient’s like-mindedness in going forward with the procedure. This transformation has led to a positive impact on the global extremity tissue expanders market growth. The number of surgeries with extremity tissue expanders is expected to increase with other prevalent factors supporting the rise of the extremity tissue expanders market in terms of adoption.

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The availability alternative treatment options for reconstructive surgeries, may hamper the growth of the global extremity tissue expanders market. In order to leverage the presence of a large patient pool, various medical device companies involved in the extremity tissue expanders market and new entrants are developing treatment options that can improve the care for reconstructive procedures. Moreover, the European Medical Agency has very stringent regulatory approval standards due to which most of the products fail to reach the extremity tissue expanders market. Several extremity tissue expanders manufacturers are focusing on the development of new products. However, due to stringent regulations and lengthy approval process, most of the products do not reach the extremity tissue expanders market, which hampers the growth of extremity tissue expanders market to a certain extent, and hence alternative treatment options are getting adopted. Market is segregated into definite terms but the lack of procedure and products in developing countries effect the overall extremity tissue expanders market growth and rise in alternative support care.

Breast reconstruction segment by product type is expected to dominate the global extremity tissue expanders market. Breast reconstruction segment is expected gain the market value of US$ 943.4 Mn in global extremity tissue expanders market during 2017. This is due availability of favorable reimbursement scenarios for the treatment of breast cancer. Breast reconstruction segment is of extremity tissue expanders by product type is also expected to grow at faster rate and it is anticipated grow ta CAGR of 6.3% over the period of 2018-2028 owing to rise in number of breast reconstruction procedure throughout the globe. Scalp reconstruction and oral and maxillofacial reconstruction segment of extremity tissue expanders market by product type is expected to be the less lucrative in term of value.

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By shape type, anatomical segment of extremity tissue expanders market is expected to gain maximum market share and estimated to reach the market value of US$ 682.9 Mn in 2028. This is due variety of products with anatomical shape are available in the extremity tissue expanders market. Among all end user, hospital segment is expected to be the most lucrative segment for extremity tissue expanders market though maximum number if breast reconstruction surgery performed in the hospitals.

North America is the expected to dominate the global extremity tissue expanders market in term of value by region. North America region for extremity tissue expanders is estimated to gain market value of US$ 233.7 Mn in 2018, though this North America hold the maximum number of key manufacturers for extremity tissue expanders. After North America, extremity tissue expanders market is then followed by Europe and APEJ. By region APEJ is anticipated to show faster growth than other region in global extremity tissue expanders market and APEJ region is projected to grow at CAGR of 7.7% over the forecast period.

Extremity Tissue Expanders Market: Companies

FMI’s report tracks some of the key companies operating in the extremity tissue expanders market, such as GC Aesthetics Plc., Koken Co. Ltd., Allergan Plc., Mentor Worldwide LLC, Laboratories Arion, Wright Medical Group N.V. Groupe Sebbin SAS, Sientra Inc., Guangzhou Wanhe Plastic Materials Co. Ltd., and Guangzhou Wanhe Plastic Materials Co., Ltd.

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Segmentation

The report offers a comprehensive taxonomy of extremity tissue expanders market based on product type, shape type, end user and region. Based on product type extremity tissue expanders market is segmented as Breast Reconstruction, Scalp Reconstruction and Oral and Maxillofacial Reconstruction. On the basis of shape type extremity tissue expanders market is segmented as round, rectangular, crescent, and anatomical and others.

The global extremity tissue expanders market report also includes the end user segment which covers hospitals, ambulatory surgical centers and cosmetics clinics. The extremity tissue expanders market has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and 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 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