Global Smart Pill Boxes and Bottles Industry on Track to Reach US$388.2 Million by 2033, with a Remarkable 9.3% CAGR

The Global Industry For Smart Pill Boxes And Bottles showcased remarkable growth in 2022, with a total valuation of US$144.2 million. The industry is now poised for an even brighter future, with projections indicating a significant rise to US$160.2 million by the end of 2023. This upward trajectory is expected to continue with a robust 9.3% compound annual growth rate (CAGR) between 2023 and 2033, ultimately reaching a staggering US$ 388.2 million by 2033.

In a recent analytical research study conducted by Future Market Insights (FMI), it was revealed that the smart pill boxes and bottles market has charted a unique path characterized by high growth and low volume. Notably, over 43% of total sales are expected to be attributed to smart pill boxes, reflecting a growing preference for this innovative solution. The report anticipates an even higher rate of adoption for smart pill bottles, underscoring their increasing relevance in healthcare.

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One of the most pressing challenges in healthcare today is patient non-adherence to prescribed medication, with nearly 70% of adult patients observed to discontinue or manipulate drug therapy. This phenomenon directly contributes to the economic burden on the healthcare delivery system, resulting in a surge of emergency cases.

The future of healthcare delivery is taking a smart and efficient turn with the expanding smart pill boxes and bottles industry. This growth not only promises innovative solutions for patients but also offers a compelling opportunity for healthcare providers and stakeholders to improve patient outcomes and reduce economic strain.

Smart pill boxes and bottles are increasingly being perceived as a potential solution to such challenges posed by increased healthcare delivery costs. Significance of medication adherence continues to rise with increasing prevalence of chronic conditions, propelling demand for smart pill boxes and bottles.

Dementia and geriatric care remain the key application areas of smart pill boxes and bottles, according to the report. More than 80% of sales is accounted by aging patients and dementia-afflicted population. Cancer management is likely to emerge lucrative in terms of applicability in coming years.

With surging demand for high-quality healthcare delivery, senior care centers, hospitals, long-term care centers, and homecare settings are accelerating adoption of medication dispensers, thereby elevating the revenue growth of smart pill boxes and bottles market. Some of the leading companies are actively involved in the development of advanced technology medication dispensing devices with zero error risks during medication.

Home care settings maintain the highest consumption share in smart pill boxes and bottles industry that roughly equates 65% of total sales. Almost a fifth of smart pill boxes and bottles sold are installed at seniors care and assisted living centers. FMI’s analysis indicates that long-term care centers are also creating promising market opportunities for smart pill boxes and bottles manufacturers and distributors.

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North America continues to reign supreme owing to early adoption of advanced technology enabled smart pill boxes and bottles, accounting for more than a third of the global market revenue. European market for smart pill boxes and bottles also represents a substantial volume share, majorly driven by German patients. South and East Asian regions are briskly developing high-potential markets for manufacturers and distributors of smart pill boxes and bottles, says the report.

The vendor landscape of smart pill boxes and bottles market remains fairly consolidated and competitive, as Tier 1 manufacturers continue to account for a majority of share in the market in terms of volume. While dominance of Koninklijke Philips N.V., PharmRight Corporation & Livi, and AdhereTech prevails in smart pill boxes and bottles industry, the report finds that the competition among these players is characterized by product innovation, new launches, and technological advancements.

Key Segment

By product type

  • Smart Pill Box
  • Smart Pill Bottles

By indication

  • dementia
  • Parkinson’s disease
  • cancer management
  • diabetes care
  • geriatric care
  • disability
  • others

By end user

  • Seniors Care & Assisted Living
  • Long Term Care Centers
  • Home Care Settings

By regions

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

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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
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Global Anemia Treatment Industry’s Striking 6.9% CAGR Leading to US$ 14.9 Billion by 2028 | FMI

The Global Anemia Treatment Industry achieved a remarkable milestone in 2022, exceeding a valuation of US$ 10.0 billion. Projections for the near future are nothing short of extraordinary, with market analysts forecasting a substantial expansion by 2028, envisioning a market worth US$ 14.9 billion. This anticipated growth is underpinned by robust sales performance, boasting an impressive Compound Annual Growth Rate (CAGR) of 6.9%.

In a recent report released by Future Market Insights, it is underscored that a significant portion of the demand for Anemia therapy can be attributed to cases arising from one or more chronic medical conditions.

The demand for Anemia treatment is chiefly driven by chronic kidney disease (CKD), one of the non-communicable chronic diseases contributing to the demographic shift in emerging regions. Additionally, the increasing popularity of combination therapy is poised to make a substantial impact on the Anemia treatment market. The growing utilization of antibiotics, metal chelating agents, erythropoietin-stimulating drugs, and vitamin and iron supplements in combination therapy is recognized as a key driver elevating the prospects of the Anemia treatment Industry in the years to come.

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Vitamin Supplements Gain Significant Traction for Anemia Treatment

A surge in R&D investments is prominently improving the scope of anemia treatment. Moreover, a rising number of pipeline drugs and promising potential of biosimilars will contribute to the demand for anemia treatment. However, high price point associated with biologics continues to mask their superior treatment efficacy over conventional medications.

More than 75% of anemia treatment Industry revenue is accounted by medications, of which, ESAs (erythropoietin stimulating agents) remain bestselling. Blood transfusion also cited as an important type of anemia treatment, contributing to the market growth. However, the demand for former is poised for a robust double-digit yearly growth in 2021 and ahead.

Lucrative emergence of ESAs and soaring consumption of other biosimilar medications are likely to introduce new investment opportunities in anemia treatment market. Extensive availability, accessibility, and economic price point of biosimilar drugs is strongly backed by an increasing number of FDA approvals. This according to FMI will significantly contribute in improvement of CKD, thereby bolstering the revenue of the anemia treatment Industry. FDA recently issued an approval to a biosimilar drug by Pfizer for use in anemia treatment – Retacrit (epoetin alfa-epbx).

Over 55% of dietary supplements consumed as a part of anemia treatment are vitamin supplements. An increasing number of iron deficient patients will Unveil Click Here to Request Methodology!

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reportedly result in rapid demand growth of iron supplements in years to come, posing strong competition to that of vitamin supplements in the anemia treatment market. Currently, almost 60% of the medications and dietary supplements for anemia treatment is available at institutional pharmacies. The report also points to a gradually expanding share of retail pharmacies in the near future.

North American patients raise just-under a third of the global demand for anemia treatment, whereas more than a third of the total demand is accounted collectively by East and South Asia. Europe is also cited as one of the key regional markets for anemia treatment providers.

Product-based Business Models Emerge as a Key Competitive Strategy

The consistent quest for therapeutically effective ESAs, dietary supplements, antibiotics, and other biologics to be used in anemia treatment continues to create attractive avenues in the R&D realm. Leading drug manufacturers are investing efforts in launching novel products and upgrading their existing consumable product portfolios. Amgen’s epoetin alpha has been a breakthrough product since its launch in the CKD treatment landscape and growing adoption continues to benefit the company.

Besides augmenting R&D investments, prominent players in the anemia treatment Industry are also focusing on strategic agreements and partnerships – further paving the way for development of anemia treatment drugs. The emergence of partnership-based models in the competitive landscape of anemia treatment market is likely to reshape R&D structure in the anemia treatment Industry. The report prompts at major investment opportunities arising in open collaboration strategies. A number of drug manufacturers are also opting for partnerships with regional distribution leaders to form effective product-based distribution channels, particularly targeting developing regional markets.

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Global Anemia Treatment Industry by Category

By Treatment:

  • Medications
  • Dietary Supplements

By Disease:

  • Normocytic anemia
  • Microcytic anemia
  • Macrocytic anemia

By Distribution Channel:

  • Institutional Pharmacies
  • Retail Pharmacies
  • Mail Order Pharmacies

Key Companies Profiled:

  1. Amgen Inc.
  2. Hoffmann-La Roche Ltd.
  3. Novartis AG
  4. Pfizer Inc.
  5. Janssen Pharmaceuticals, Inc.
  6. Teva Pharmaceutical Industries Ltd.
  7. AMAG Pharmaceuticals
  8. Rockwell Medical
  9. Akebia Therapeutics
  10. Vifor Pharma Management Ltd.

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
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Imagery Analytics Market to Achieve A High CAGR Of 21.5% During Forecast Period -2032

The market for imaging analytics is anticipated to be worth US$ 9,877.0 million in 2022 and US$ 68,998.0 million in 2032, growing at a CAGR of 21.5%. The market for image recognition expanded at a CAGR of 19.2% between 2016 and 2021. The development of Imagery Analytics technology and heightened competition are key factors promoting the growth of this industry.

Imaging analytics is the process of gathering images or videos from the outside or interior surfaces of the earth, bodies, or other objects. For a variety of applications, imagery data analysis gives current affairs, historical insights, and future projections. With applications in domains like healthcare, imaging analytics, and other areas, imagery analytics is a crucial part of big data. There are many businesses that offer imagery analytics services.

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The Imagery Analytics Market refers to the use of advanced algorithms and software to analyze and interpret images and videos from various sources, such as satellites, drones, and other imaging devices. The market includes technologies like machine learning, computer vision, and deep learning, which enable the processing of vast amounts of visual data.

The global Imagery Analytics Market is expected to grow at a significant rate over the next few years due to the increasing demand for accurate and precise geospatial information, especially in industries such as defense and security, agriculture, mining, and construction. The ability to extract valuable insights from satellite and aerial imagery can improve decision-making processes and help businesses and governments optimize their operations.

Factors driving the growth of the market include increasing investments in the development of artificial intelligence (AI) and machine learning (ML) technologies, rising demand for geospatial information, and growing adoption of cloud-based solutions. However, factors such as data privacy concerns and the high cost of technology may hinder market growth to some extent.

Global Imagery Analytics Market: Competition Landscape

The most prominent companies in the imaging analytics industry include

  • Hexagon AB,
  • Digital Globe Inc.,
  • Urthecast Corporation,
  • Trimble Inc.,
  • Harris Corporation,
  • Google Inc.,
  • Satellite Imaging Corporation,
  • Keyw Corporation,
  • EOS Data Analytics, and
  • Geocento.

The research study provides an in-depth analysis of the market and includes meaningful insights, facts, historical data, and statistically backed and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and procedures. The research study analyses and offers information based on market areas such as geography, application, and industry.

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Global Imagery Analytics Market: Segmentation

Global imagery analytics market can be segmented into type, and application:

On the basis of type, global imagery analytics market:

  • imagery analytics
  • video analytics

On the basis of application, global imagery analytics market:

  • geospatial and weather monitoring
  • energy and utility
  • manufacturing and mining
  • healthcare
  • agriculture
  • others

On Region:

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

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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
For Sales Enquiries: sales@futuremarketinsights.com
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Global Retinal Biologics Industry Poised for US$41.92 Billion by 2028, Growing at 11.1% CAGR | FMI Insights

The Global Retinal Biologics Industry is experiencing remarkable growth, with an anticipated value of more than US$ 22.25 billion by 2022, set to further expand to US$ 41.92 billion by 2028, marking an impressive 11.1% Compound Annual Growth Rate (CAGR) between 2022 and 2028.

Key Market Insights:

  1. Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.
  2. Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.
  3. Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.
  4. Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.

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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent

Retinal Biologics manufacturers offer their goods through institutional and retail distribution channels. According to the FMI report, institutional sales in the Retinal Biologics Industry, where Retinal Biologics are supplied in speciality clinics and hospitals, will generate higher revenues. In 2018, hospital sales accounted for more than 35% of market revenue.

According to the report, retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Retail distribution takes place through retail pharmacies and mail order pharmacies, with retail pharmacies generating more money than their counterparts in the future years.

Penetration in North America Higher, APEJ’s Attractiveness to Increase

North America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates, North America accounted for more than 46% of global Retinal Biologics Industry revenues in 2018. Revenues in North America are predicted to expand 10.4% year on year in 2019 due to an increase in the prevalence of retinal illnesses, continuous growth in the healthcare infrastructure, and a favourable reimbursement scenario.

Europe accounted for about one-fourth of the Retinal Biologics market, with Western European countries such as Germany, the United Kingdom, France, Italy, and Spain accounting for the majority of demand penetration. The APEJ Retinal Biologics Industry is predicted to grow at an 11% annual rate in 2019, with China and India remaining the most lucrative areas.

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Retinal Biologics Find Prominent Use in Macular Degeneration Treatment

The study opines that over 35% of the Retinal Biologics revenues were consolidated in the treatment of macular degeneration. Highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where Retinal Biologics are used in 2019.

Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataract and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affect people of age 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.

Key Players Covered In The Global Retinal Biologics Industry:

  • Spark Therapeutics, Inc.
  • F. Hoffmann-La Roche Ltd.
  • Regeneron Pharmaceuticals, Inc.
  • AbbVie Inc.
  • Amgen Inc.
  • Novartis Pharma AG
  • MeiraGTx Limited
  • Oxurion NV
  • Santen Pharmaceutical Co., Ltd.
  • Bayer AG
  • Bausch Health Companies Inc.
  • Merck & Co., Inc.

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Key Segments of Global  Retinal Biologics Industry Survey

Retinal Biologics Industry by Drug Class:

  • VEGF-A Antagonists
  • TNF-α Inhibitors

Retinal Biologics Industryby Indication:

  • Macular Degeneration
  • Diabetic Macular Edema
  • Diabetic Retinopathy
  • Uveitis
  • Others

Global Retinal Biologics Industry by Distribution Channel:

  • Institutional Sales
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Retail Sales

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 Endometriosis Treatment Industry to Expand at 3% CAGR From 2019 to 2030 | FMI Insight

Global Endometriosis Treatment Industry
Global Endometriosis Treatment Industry

The Global Endometriosis Treatment Industry, valued at US$ 2.8 billion in 2018, is poised for remarkable expansion with a projected CAGR of around 3% over 2019-2030. Rising awareness among women and substantial investments by key stakeholders are driving this growth.

The escalating prevalence of endometriosis has led to a surge in demand for advanced treatment options. Industry leaders are at the forefront, focusing on pioneering therapeutic advancements and product launches, catalyzing 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 high preference for them as a first-line therapy for patients without contraindications, and efficacy in preventing recurrence of pelvic pain and endometriosis lesions.
  • High treatment efficacy and acceptance with low risk are expected to result in notable share of hormonal therapy in the treatment type.
  • The hospital pharmacies and retail pharmacies segments, collectively, hold above 60% of value share to the endometriosis treatment industry, 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 high growth of the medical industry in emerging economies in the Asian region is expected to drive the growth of the endometriosis treatment industry 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 historical demand assessment of 2014-2018 and projections for the period of 2019-2030, based on drug (oral contraceptives, progestins, NSAIDs, GnRH analogues, 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 industry 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

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drugstores
  • e-Commerce

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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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Hydrogen Buses Market Demand Projected to Grow at a CAGR of 67% , Reaching US$ 1426.68 Billion by 2033

The Hydrogen Buses Market Demand is predicted to grow at an astronomical CAGR of 67% over the forecast period, according to research by Future Market Insights. The industry’s estimated value is expected to increase from US$ 8.45 Billion in 2023 to US$ 1426.68 Billion by 2033.

The market for hydrogen buses is primarily being boosted by surging concerns over depleting natural resources and degrading environmental conditions. This has propelled the introduction of technologies that encourage the concept of eco-friendly transportation means to sustain the ecosystem.

Additionally, the increase in the number of people perturbed by the harmful effects of air pollution, rising levels of traffic as well as GHG emissions are accelerating the adoption of hydrogen fuel cell buses. These buses, unlike conventional modes of transportation like gasoline and diesel-powered vehicles, are eco-friendly in nature and offer a sustainable transport option.

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The market is witnessing significant impacts of technological upgrades taking place in hydrogen-powered vehicles, which is widening the scope of hydrogen-powered buses for the forecast period. The hydrogen-backed buses market is predicted to enjoy several opportunities to realize its potential over the anticipated time period. Further, the increasing investments in the infrastructure for hydrogen fuel cell buses and their related charging stations are projected to incite market development in the coming years.

In the U.S., California provided funds for the production of 100 refuelling stations for hydrogen-powered vehicles to achieve its goal of 1.5 Mn zero-emission Automotives by 2025 end. Similar policies deployed by several governments across the globe to encourage environmental health and safety is expected to facilitate the adoption of hydrogen buses over the forecast period.

Key Takeaways from the Hydrogen Buses Industry 

  • German hydrogen buses market is projected to substantially contribute towards Europe’s leading position on a global scale. The rising influx of hydrogen fuel cell buses in the country is accelerating the transition towards the green economy.
  • The North American hydrogen buses market holds a significant market share. Rising initiatives by private companies and government bodies to foster the growth of emission-free vehicles in the region are propelling the market development of hydrogen-powered buses.
  • In emerging countries like India, the escalating pollution levels and growing concerns related to health issues caused by the inhalation of polluted air are driving the demand for hydrogen buses.
  • In China, the Beijing Winter Olympics 2022 witnessed the circulation of 800+ hydrogen fuel cell buses. The rising production and sales of hydrogen buses in the country are predicted to catalyze market growth.
  • The increasing operation of eco-friendly hydrogen-powered buses in South Korea is stimulating market growth in the country. Additionally, the rising government initiatives to promote the adoption of hydrogen buses are also enhancing the market scope of these buses.

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Growing Significance of Eco-friendly Mobility Presents Opportunities for Hydrogen Buses Operators

Companies operating in the hydrogen buses market are launching new models of hydrogen buses, keeping in mind their practicality and relevancy. Additionally, active measures to develop infrastructure for hydrogen fuel cell busare is projected to create favourable market conditions for the industry players in the near future. The increasing efforts to commercialize hydrogen fuel cell buses, especially in Europe, is expected to raise the operation of hydrogen buses.

Following companies provide hydrogen buses in the market, as identified by FMI:

  • Tata Motors Limited
  • Thor Industries
  • Hyundai
  • Ballard Power Systems
  • NovaBus Corporation
  • New Flyer Industries Ltd
  • EvoBus
  • New Flyer
  • Hino Motors Ltd.
  • SunLine Transit Agency

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Hydrogen Buses Industry Segmentation by Category

By Technology:

  • Proton Exchange Membrane Fuel Cells
  • Direct Methanol Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Zinc-Air Fuel Cells
  • Solid Oxide Fuel Cells

By Power Output:

  • <150 kW
  • 150–250 kW
  • >250 kW

By Transit Bus Models:

  • 30-Foot Transit Buses
  • 40-Foot Transit Buses
  • 60-Foot Transit Buses

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Eastern Europe
  • Western Europe
  • Japan

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Automotive Engineering Services Market Size Set to Reach US$ 3.2 Billion by 2033: FMI Report

The global Automotive Engineering Services Market Size in 2022 was US$ 1.46 Billion and is estimated to be US$ 1.6 Billion in 2023. According to FMI, reports mentioned that the automotive engineering services market will expand at a CAGR of 7.17% between 2023 and 2033, totaling around US$ 3.2 Billion by 2033.

An increase in awareness and demand for technological solutions including connectivity, and collision avoidance sensors among others in automotive is driving the growth of the market. Rise in requirements for lightweight vehicles as governments and manufacturers are mainly focusing on the designs and development of lightweight vehicles for making more fuel-efficient vehicles.

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The increase in the requirements for safety-related systems because of government regulations is the major factor driving the automotive engineering services market. The growth in adoption of electric and hybrid vehicles is raising the production of these vehicles which is henceforth anticipated to propel the growth of the market over the forecast period.

Key Takeaways from the Market Study

  • The global automotive engineering services market expanded at a CAGR of 6.42% between 2018 and 2022.
  • India is forecasted to develop a 6.8% CAGR from 2023 to 2033.
  • China is anticipated to expand at a CAGR of 7.2% from 2023 to 2033.
  • North America has captured a market share of 43.2% in 2022.
  • European market bolstered at a market share of 48.2% in 2022.
  • Under the service segment, prototypes were registered at a market share of 56.2% in 2022.

“Demand for advanced and autonomous connectivity features is influencing innovation intensely and is one of the major key drivers of the automotive engineering services market”, commented a Future Market Insights analyst.

Market Competition

Companies aim to develop cutting-edge solutions during the entire life cycle of a product, from the design and inception phase to the end of its service life. They also strategically locate their main factories in emerging markets to make it ideal to service the developing markets.

Key companies profiled in the Automotive Engineering Services Market

  1. FEV Group GmbH
  2. IAV
  3. Ricardo
  4. AVL
  5. ALTEN Group
  6. Bertrandt
  7. ALTRAN
  8. L&T Technology
  9. Capgemini Service SAS
  10. T-NET JAPAN Co., Ltd.
  11. DesignTech Systems.
  12. Tech Mahindra Limited
  13. EDAG Engineering GmbH
  14. Horiba, Ltd.

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Some of the new developments in the automotive engineering services market are:

  • In May 2023, Tech Mahindra inaugurated Technology Development Center in Oman.
  • In August 2023, Temasek is planning to invest 12 billion rupees ($145 million) in Mahindra & Mahindra Ltd.’s electric vehicle unit, valuing it at US$ 9.8 billion.

Key Segments Profiled in Automotive Engineering Services Market

By Service Type:

  • Testing & Diagnostic
  • System Integration
  • Designing
  • Prototyping
  • Research

By Applications:

  • ADAS & Safety
  • Body & Chassis
  • Powertrain & Exhaust
  • Interior, Exterior & Body Engineering
  • Electrical, Electronics & Body Controls
  • Connectivity Services
  • Simulation

By Location:

  • Outsourced Services
  • In-house Services

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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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Tire Pressure Monitoring System Market Share to Reach US$ 7.7 Billion by 2032 | CAGR of 10.3%

Over the forecast period of 2022 to 2032, the tire pressure monitoring system market share is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032.

Commercial vehicles are heavier and despite being well-equipped with tire pressure, suffer frequent tire burst due to poor road conditions. TPMS takes away the guesswork by alerting the driver when a vehicle’s tires are low on air or flat. This information reduces the chances of accidents and further improves the efficiency for utilizing fuel, as optimized air pressure in a tire moves the vehicle smoothly.

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Various government bodies all over the globe have imposed stringent passenger safety regulations on automobile manufacturing. The automotive industry’s expansion, initiatives to adopt advanced technologies, develop structured safety features, and a growing trend of government and consumer adoption of autonomous vehicles is expected to create opportunities for growth in the market.

The global TPMS market is expected to be benefited from rising per-capita income in developing economies, as well as increasing demand for premium and luxurious features in vehicles over the forecast period. Countries with a large trucking industry plan to standardize the use of tire pressure monitoring systems (TPMS) in heavy commercial vehicles, resulting in higher sales.

TPMS is becoming an innovative component in a vehicle. Furthermore, increase in the safety standards adopted by the key manufacturers all over the globe is anticipated to benefit the growth in the market. Increasing sales of electric vehicles are also expected to propel the demand for tire pressure monitoring system in the forthcoming years.

“The quick adaptation of technologies in the automotive sector will fuel the adoption of TPMS. The market for Advance driver assistance systems is benefiting from rising demand for safe care driving, government regulation on road safety, which is expected to have a direct impact on the TMPS market,” says an FMI analyst.

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Key Takeaways:

  • Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
  • By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
  • In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
  • Total sales in the U.S. market will reach a valuation of US$ 0.3 Bn in 2022.
  • China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
  • Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

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Tire Pressure Monitoring Systems Market: Segmentation

TPMS Market by Category

By Technology:

  • Ultrasonic Sensor
  • Lidar Sensor
  • Radar Sensor
  • Camera Sensor
  • Infrared Sensor
  • Pressure Sensor

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Vehicle Type:

  • Passenger Vehicle
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Automotive Body in White Market is expected to reach US$ 89.4 Billion by 2033 | Future Market Insights, Inc.

The global automotive body in white market is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033.

The logistics and transportation industries are getting stronger thanks to industrialization, globalization, and extended supply chains. In addition, lighter materials are being used in cars more often to boost fuel efficiency. Moving forward, these elements are anticipated to propel the vehicle body into the white market.

White automobile bodies are anticipated to have greater tensile strength and to be resistant to bending, torsional, dynamic, and static forces. High-strength materials are therefore utilised to produce white automobile bodies.

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At the same time, the fact that automobile companies’ supply chains are more complex can’t be ignored. This factor could restrain the automotive body in white market in the near future.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Automotive Body in White Market’. It has its indigenous team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With transportation and logistics sector gaining traction, the global automotive body in white market is expected to grow on a robust note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Automotive Body in White Market

  • The Asia-Pacific is expected to witness maximum growth in the automotive body in white market in the forecast period. China and India dominate the scene. Coming to production, Japan rules the roost and the scenario is expected to remain unchanged even in the forecast period. South Korea and Taiwan are the other torchbearers. China backs on low-cost materials being available. India rides on availability of cheap labor.
  • North America holds the largest market share with the US being subject to notable investments in manufacturing automobiles with various cutting-edge features.
  • Europe is led by Germany with passenger vehicles’ higher sales in combination with supporting rules for producing and using vehicles. The status quo is expected to remain unchanged even going forward.

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Competitive Analysis

  • Mercedes-Benz, in January 2021, did give a huge order to KUKA to engineer, build, assemble, and commission numerous body in white manufacturing lines for an influx of Mercedes vehicles all over North America.
  • ThyssenKrupp, in March 2021, came up with its business unit called ‘Automotive Body Solutions’; which emphasizes on assembly solutions with creating lightweight body components for the clients in car vertical.
  • Magna Cosma Casting, in April 2021, did announce that it was on the verge of spending US$ 31.9 Million for building close to 50K square feet of Battle Creek Factory for creating more manufacturing capacity regarding lightweight automobiles.
  • Autokiniton Global Group, in July 2019, acquired Tower International Inc.at US$ 900 Million.
  • Gestamp, in June 2019, did inaugurate a novel plant at Nitra (Slovakia). It specializes in aluminum. This plant is known for producing various skin panels and body’s structural parts using aluminum in conjunction with steel.
  • Benteler, in June 2019, tabled a novel plant at Mos (Spain). It’s, since then, a part of its automotive division and would be producing rear-axle components for a new-fangled platform for PSA. The production would also focus on painting, welding, and laser cutting.
  • Kirchhoff Automotive, in May 2019, came up with second plant at Piteti (Romania). The plant is known for supplying stamping parts to European Kirchhoff Automotive’s locations.
  • Marelli Talbros Chassis Systems, in January 2021, announced that it received multi-year orders from a big car manufacturer based out of Europe to supply body in white design parts.
  • NIO Inc., in April 2021, completed manufacturing the first body in white part of ET7 sedan at its production site at Hefei (Anhui Province).

Kirchhoff Automotive GmbH, Benteler International, ThyssenKrupp AG, Voestalpine AG, Martinrea International Inc., Gestamp Automocion, Magna International Inc., CIE Automotive, Autokiniton Global Group, H-One Co., Ltd., JBM Auto, Dura Automotive Systems, Futaba Industrial Co., Ltd., Shiloh Industries, and Multimatic Inc. are a few of the leading businesses operating in the market.

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Automotive Body in White Market by Category

By Product Type:

  • Body Structure
    • Bumper Beam
    • Crossmember
    • Roof Frame
    • Cross Car Beam
    • Others
  • Body Component
    • Quarter Panel
    • Floor Panel
    • Rocker Panel
  • Chassis

By Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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Tamper Evident Labels Market Growth: Industry to Reach Value of US$ 34.25 Billion by 2032 | In Depth Analysis

The global tamper evident labels market is worth US$ 19.12 Bn as of now and expected to be worth US$ 34.25 Bn by the year 2032 at a CAGR of 6% between 2022 and 2032.

Tamper-evident labels and seals incorporate unique features that serve as indicators of potential tampering or mishandling as products traverse the supply chain to reach the end consumer. Market manufacturers are diligently working to enhance the effectiveness and durability of tamper-evident labels, making it increasingly challenging to remove or tamper with them without leaving visible signs of damage. These advancements in tamper-evident label technology are expected to bolster their sales over the forecasted period, as the emphasis on product security and consumer confidence continues to rise.

The demand for the tamper evident labels is growing exorbitantly in the electronics industry for facilitating packaging of washing machines, televisions, and refrigerators. Herein, silver void labels are used, which come across as double-layered stickers with word void on the inside and metallic appearance on the outside on removal of outer layer.

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Tamper evident labels/seals do have features helping in indication of any symptoms related to maltreatment as product happens to move through the entire food chain. The customers are also showing an increase in awareness regarding need for buying high-quality products that give priority to quality of ingredients.

Rising Importance of Tamper Evident Labels to Propel Sales During the Forecast Period

Tamper-evident labels find versatile applications across various industries, presenting manufacturers with promising opportunities. In the beauty sector, standardized tamper labels have become a staple for products like lip balms, ensuring customers can easily discern if a product has been previously opened. This not only safeguards consumers from using pre-used lip balms but also mitigates the risk of infections stemming from the application of contaminated products.

Moreover, the demand for tamper-evident labels is on the rise within the electronics industry. These labels are adept at concealing packaging for items such as televisions, washing machines, and refrigerators. In particular, silver void labels, featuring a double-layered construction with a metallic appearance on the outside and the revealing of the word “void” on the inner layer when tampered with, offer a robust security measure. These applications underscore the expanding utility of tamper-evident labels in diverse sectors.

Drivers:

  1. Product Security Concerns: The primary driver for tamper-evident labels is the growing need for product security and integrity across various industries, including pharmaceuticals, food and beverages, and consumer goods.
  2. Regulatory Compliance: Stringent regulations and quality standards in industries such as pharmaceuticals and food require the use of tamper-evident labels, driving market demand.
  3. Consumer Safety: The focus on consumer safety and protection from potentially tampered or contaminated products fosters the adoption of tamper-evident labels.
  4. Versatile Applications: Tamper-evident labels are applicable in a wide range of industries, providing opportunities for manufacturers to cater to diverse market segments.
  5. Technological Advancements: Ongoing innovations in label technologies and materials enhance the effectiveness and tamper-resistant features of these labels.

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Key Market Players:

  • Tesa SE
  • 3M Company
  • Avery Dennison Corporation
  • Sticky things limited
  • Labeling Systems
  • Dunmore Corporation
  • Arjobex Ltd.
  • Peter Lynn Limited
  • Adampak
  • Avery Dennison Corporation

Key Takeaways from Tamper Evident Labels Market

  • Europe leads the tamper evident labels market. It, in fact, holds 28% of the market share. This could be credited to end-consumers increasingly preferring budget and quality items. RFID technology is also undergoing technological advancements, which is helping in rendering mass production of tamper-proof labels.
  • North America holds 23% of the market share due to the US and Canada preferring tamper evident labels to ascertain safety and convenience of the highest level to the consumers.
  • The Asia-Pacific is expected to grow at the fastest pace in the tamper evident labels market. This could be reasoned with the countries like China and India witnessing an increasing awareness by consumers regarding product labelling and safe packaging.

Competitive Landscape

  • Innovative Cap-Lock solution from Schreiner MediPharm does combine cap adaptor along with a label for hermetically sealing prefilled syringes, that too, with proper indication of first opening.
  • HENE LIFE makes provisions for premium health-oriented products that are organically sourced.
  • April 2022 witnessed introduction of VPF 100328, a new checkerboard sticky paper material for making tamper evident labels, that too, with forgery-proof results at par with film technologies.
  • NXP Semiconductors, in May 2022, unleashed a new-fangled family comprising NFC (Near Field Communication) ICs (integrated circuits), thereby integrating condition-monitoring and tamper-detection features on single chip.
  • Tamper evident films from Dunmore come across as selective-release constructions abreast with sub-surface or surface destruct layers. Label facestock material is being made available in several colors, inclusive of metalized finishes.
  • Adampak’s optical watermarks are capable of protecting the brand and preventing forgery.

Key Market Segments in the Tamper Evident Labels Market

By Material Type:

  • PET
  • Paper

By Technology:

  • RFID
  • NFC tags
  • Sensing labels

By End Use:

  • Food
  • Beverages
  • Alcoholic
  • Non-alcoholic
  • Cosmetic & Personal care
  • Liquor
  • Pharmaceuticals
  • Others (electronics, chemicals etc.)

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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