Market Research Blog – Page 4361 – New Product Development

Dialysis Devices and Concentrates Market is Forecasted by FMI to Achieve A 4.9% CAGR by 2033, Focusing On Patient-Centric Renal Solutions

According to forecasts, the dialysis device and concentrates market is expected to be US$ 21,663.5 million in 2023 and US$ 34,824.85 million by 2033, forecast a CAGR of 4.9%.

Key Players increasingly focus on strategic agreements/partnerships with regional/domestic players to increase their presence in these markets and tap many customers.

Market participants focus on technological developments to take advantage of the significant growth opportunities in emerging countries. The development of the rise of dialysis clinics, home/nocturnal dialysis, and government support for ESRD contribute to the expansion of dialysis treatments in developing nations.

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The rise of hemodialysis is also supported by research development projects and the creation of high-tech devices, driving up demand for dialysis concentrate in the area. Increased cases of renal failure caused by hypertension and diabetes and an increase in patients with kidney disease drive up the demand. The lack of organs available for donation is the main driver propelling the expansion of the market.

Key Takeaways:

By 2033, the dialysis device and concentrate market in the United Kingdom is likely to expand, with a CAGR of 4.3%.
In 2022, the United States developed the dialysis device and focused business with a share of 33.8%.
The dialysis device and concentrates market grew considerably to US$ 20,858 million in 2022.
The dialysis device and concentrates market expanded with a CAGR of 3.1% between 2018 to 2022.
By 2033, China’s dialysis device and concentrate market are projected to develop with a CAGR of 6.5%.
By 2033, India’s dialysis device and concentrates industry is projected to expand with a CAGR of 3.1%.
Japan’s dialysis device and concentrates industry grew significantly, with a 1.6% share in 2022.
Australia’s dialysis device and concentrate market is likely to expand with a CAGR of 1.0% by 2033.
Germany’s dialysis device and concentrates business grew, with a share of 7.5% in 2022
In 2022, based on product, hemodialysis machines dominated the market, with a share of 34.2%.
In 2022, the hospitals’ segment led the market, with a share of 37.6%, based on end users.

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Key Players’ Strategies and Recent Developments:

Medtronic introduced a dialysis device for newborn and pediatric care in the United States in December 2020. Additionally, in January 2021, the United States Food and Drug Administration granted 510(k) clearance to Quanta Dialysis Technologies Ltd, a British medical technology leader developing cutting-edge dialysis products and services, allowing it to market its compact, easy-to-use SC+ hemodialysis system.
Rockwell Medical, Inc. stated in April 2022 that it had expanded its cooperation with DaVita Inc. and is revising some aspects of its supply contracts with clients to stabilize its concentrated business.
The SURDIAL DX Hemodialysis System was introduced in the US in March 2022 by Nipro Medical Company, a producer and seller of renal, vascular, and medical-surgical devices.

Baxter International Inc.
B. Braun Melsungen AG
Fresenius SE & Co. KGaA
DaVita Healthcare Partners, Inc.
Nipro Corporation
Asahi Kasei Medical Co. Ltd.
Mar Cor Purification, Inc.
Nikkiso Co Ltd.
NxStage Medical, Inc.
Rockwell Medical
Farmasol
Browndove Healthcare

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Key segments:

By Product Type:

Hemodialysis Machine
A.V. Fistula Needle
A.V. Access Graft
Dialysis Catheter
Dialysis Concentrates
Dialyzer
Dialyzer Reprocessing Machine
Hemodialysis Bloodline and Tubing Set
Declotting Device
Water Treatment System
introducer Sheath and Guidewire

By End-User:

In-center Dialysis
Hospitals
Independent Dialysis Centres
Home Dialysis

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

About Future Market Insights (FMI)

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

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Premium Wine Cooler Market to Reach US$ 1,372.7 Million by 2033 with a 6.4% CAGR | FMI

The premium wine cooler market is anticipated to be valued at US$ 740.0 million in 2023 and US$ 1,372.7 million by 2033. Over the projection period, sales in the premium wine cooler market are expected to increase at a CAGR of 6.4%.

There is a growing demand for wine coolers with advanced smart technology features. Consumers are seeking products that offer seamless integration with smartphones, allowing them to monitor and control temperature settings remotely. This presents an opportunity for manufacturers to develop innovative wine coolers with app-based functionalities.

Sustainability is becoming a key focus in the wine cooler market. Consumers are increasingly conscious of their environmental footprint and are seeking eco-friendly options. This trend opens avenues for the development of wine coolers using energy-efficient components, recycled materials, and environmentally friendly refrigerants.

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The premium wine cooler market is witnessing a growing interest in wine preservation and aging. Consumers are looking for features such as dual-zone cooling, UV-resistant glass doors, and humidity control to ensure optimal wine storage conditions. Manufacturers can capitalize on this trend by introducing high-quality wine coolers specifically designed for long-term aging and preservation.

Key Takeaways from the Market:

The United States is projected to dominate the North American market, capturing more than 84.2% of the market share by 2023.
France is expected to hold a market share of over 15.0% in Europe by 2023.
By 2023, India is anticipated to hold a market share of over 26.1% in South Asia.
Freestanding premium wine coolers are in the lead, accounting for 57.2% of the market in 2023.
Single zone wine coolers made up 43.7% of global premium wine cooler sales in 2023.
Online retailing is projected to experience a significant growth CAGR of 9.7% during the forecast period.

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How Key Players are revolutionizing the Manufacturing of Premium Wine Cooler market?

The competitive landscape of the premium wine cooler market is characterized by the presence of both established players and emerging companies. Key players in this market include well-known brands such as Viking Range, and Haier. These companies have established a strong market presence through their high-quality products, extensive distribution networks, and brand recognition.

The market is also witnessing the entry of new players who are introducing innovative and competitively priced wine coolers. These emerging companies are leveraging advancements in technology and focusing on features such as smart connectivity, energy efficiency, and stylish designs to differentiate themselves in the market.

To stay competitive, established players are adapting by incorporating advanced features and enhancing their product offerings. They are also expanding their distribution channels to reach a wider consumer base. The intense competition in the premium wine cooler market is driving innovation and benefiting consumers with a diverse range of options to choose from.

Key Players in the Market:

Allavino Company
Avanti Products, Inc.
Electrolux AB
Danby Appliances, Inc.
Marvel Refrigeration
Viking Range Corporation
Haier Group
LG Electronics
Vinotemp
Perlick Corporation
Robert Bosch LLC
Whynter LLC
Uline Company
Lanbo International, Inc.
Liebherr

Product Portfolio:

Viking Range Corporation offers a diverse product portfolio that includes premium wine coolers, professional-grade cooking appliances, refrigerators, and kitchen accessories, catering to high-end residential and commercial markets.
Haier Group’s product portfolio encompasses a wide range of appliances, including premium wine coolers, refrigerators, air conditioners, washing machines, and consumer electronics. They focus on delivering innovative and energy-efficient solutions for residential and commercial applications.

More Insights Available

Future Market Insights offers an unbiased analysis of the premium wine cooler market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the premium wine cooler market, the report is segmented on the basis of By Installation Type (Freestanding, Countertop and Built-in), By Bottle Type (Less than 10, 10 to 30, 31 to 50, 51 to 300 and 301 and Above), By Temperature Type (Double Zones, Single Zones, Triple Zones and Others), By Technology (Compressor Based and Thermoelectric Based), By End Use (Residential/Households, Commercial, Retail and Specialty Stores, Food and Beverage Processing, Hotels and Restaurants and Others), By Sales Channel (Wholesalers/Distributors/Clubs, Departmental Stores, Hypermarkets/Supermarkets/mass Merchandise, Specialty Appliances Stores, Home Improvement Stores, Online Retailers, Direct-to-Consumers/Exclusive Stores and Others), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

About the Consumer Product at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ 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.

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Patient Self-Service Kiosks Market: Projected to Surge to a Remarkable US$ 3964.7 Million Valuation by 2032, Fueled by a Robust CAGR of 16.6%

The patient self-service kiosks market is anticipated to be worth US$ 3964.7 million by 2032. The market is predicted to develop at a healthy CAGR of 16.6% from 2022 to 2032, with a market size of US$ 854.6 million in 2022.

The patient self-service kiosks are available at hospitals, clinics, and medical centers which permit patients to do daily activities such as checking in for their booked appointments, updating their personal demographics, and cutting down the time required to interact with a registration clerk. Kiosks allow patients to make co-pays and collect their payments.

A kiosk is a terminal that has a computer for information entry and display. A public display that provides access to information and applications for education, commerce, communication, and entertainment includes kiosks, which are pieces of specialized software and hardware.

Hospitals place the patient kiosks in ambulatory and emergency departments. The patient self-service kiosks have advantages including better data quality, less labor to do, consistent registration processes, and better patient experiences. The market for patient self-service kiosks is predicted to expand at a strong CAGR during the forecast period as a result of a reduction in patient waiting times and an improvement in patient experience.

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Patient Self-Service Kiosks Market: Drivers and Restraints

The drivers of the patient self-service kiosks market are enhanced patient experiences, improved patient services, improved marketing activities like product advertisement & promotion and consumer behavior analysis, and enhanced efficiency of kiosks.

Some restraints which are hindering the growth of patient self-service kiosks market are, high initial cost of the interactive kiosk, time to time maintenance of the interactive kiosk, government regulations in its installation, and rising cybercrime as well as security issues.

Patient Self-Service Kiosks Market: Overview

Globally, the patient self-service kiosks market is gaining popularity and establishing an innovative electronic system for marketing of products and services.

Patient Self-Service Kiosks Market: Key players

International Business Machines Corporation (IBM) Corp.
Clearwave Corporation
PFU-Fujitsu
SlabbKiosks
KIOSK Information Systems Inc.
Phoenix Kiosk Inc.
RedyRef Interactive Kiosks
EMBROSS Group Pty Ltd.
NCR Corp.
Meridian Kiosks LLC
Wincor Nixdorf Ag.

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Key Segments in the Patient Self-service Kiosks Market

By Product Type:

Freestanding kiosks
Wall-mounted kiosks
Countertop kiosks
Mobile kiosks

By Component:

Data entry
Touchscreens
Barcode readers (QR, 1, and 2 D barcode readers)
Keyboard and Trackball
Electronic number pad
Audio speakers
Electronic signature pad
Printer
Point-Of-Sales (POS)
Laser printers
Kiosk thermal printers
Cash transaction components
Debit and Credit Card readers
Cash acceptors and recyclers (Bill and Coin)
Magnetic stripe and Chip (EMV)/Optical card scanner

By End User:

Hospitals
Clinics
Medical Centres

By Applications:

Patient self-check-in
New-patient registration
Wayfinding assistance
Hospital directory
Update and verification of patient demographics
Multiple language support
Prescription refill ordering
Collection of co-payments and outstanding balances
Other Applications (Consent forms, Facility directions, Visitor management, Alert notification, Basic screening/patient questionnaire, Patient satisfaction surveys, Confirmation of reason for visit, Future appointment scheduling, Patient checkout)

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Cacao Beans Market to Double to US$ 26,392.2 Million by 2033 Driven by Consumer Preference for Organic Options

The cacao beans market is predicted to develop at an impressive 6.9% CAGR from 2023 to 2033, preceding the lower 2.6% CAGR witnessed between 2018 and 2022. This significant rise shows the rise in demand for the Cacao Beans industry increasing the market value from US$ 13,603.2 million in 2023 to US$ 26,392.2 million by 2033.

Demand for organic cocoa beans is rising due to consumer desires for healthier options, but supply cannot keep up with the problems with production.

Because cocoa beans are used more often in food processing and have positive health effects, it is anticipated that the market for chocolate would expand rapidly in emerging economies. The growing appeal of many varieties and flavours of chocolate also contributes to the sales of cocoa beans.

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To meet the diverse markets’ demands for cacao-based goods, there must be a steady and long-term requirement for high-quality beans. Vertical corporate integration is common in cocoa-producing countries like Cameroon, with Barry Callebaut playing a prominent role.

Key Takeaways from the Cacao Beans Market:

The cacao bean market in India is expected to grow at a CAGR of 23.5% by 2033, driven by rising consumer demand for premium chocolates and a growing desire for cacao-based goods.
The cacao beans industry in the United Kingdom is expected to increase modestly, with a CAGR of 3.8% by 2033, mainly due to the increasing popularity of artisanal chocolates and a growing emphasis on sustainable and ethically sourced cacao.
China’s cacao bean market is forecast to increase steadily by 2033, with a CAGR of 4.8%, driven by the increasing adoption of Western confectionery trends, rising disposable incomes, and a growing taste for high-quality chocolate products.
The expansion of the artisanal chocolate sector, rising consumer awareness of the health benefits of dark chocolate, and the emergence of boutique chocolatiers are expected to drive the cacao beans industry in Australia to develop at a CAGR of 3.2% by 2033.
The market for cacao beans in Japan is anticipated to expand moderately, with a projected CAGR of 2.6% by 2033, driven by factors such as rising demand for high-end chocolate, an increase in health-related cocoa trends, and the incorporation of cacao into traditional Japanese desserts and confectionery.

Competitive Landscape

Market leaders in the cacao bean space on a global scale include businesses like Barry Callebaut, Cargill, Nestle, and Olam International. These multinational firms may get cacao beans from different origins and deliver their goods worldwide because of their enormous operations and supply chains across numerous locations.

Price, quality, sustainability, and certifications are a few examples of the variables that affect the competitive dynamics in the market for cacao beans. Many businesses have adopted responsible sourcing procedures and obtained certifications like Fairtrade and Rainforest Alliance due to rising customer awareness of fair trade, organic agriculture, and environmental sustainability.

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Global Cacao Beans Market by Category

By Bean Type:

Forastero
Trinitario
Criollo

By Application:

Food and Beverages
- Bakery and Confectionery
- Beverages
- Dairy Products
- Syrups, Toppings and Fillings
- Other Applications
Pharmaceuticals
Cosmetic and Personal Care

By Nature:

Organic
Conventional

By Sales Channel:

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Independent Grocery Stores
- Specialty Stores
- Online Retail

By Product Type:

Cacao Powder
Cacao butter
Paste/Liquor

By Voluntary Sustainability Standard (VSS):

UTZ Certified
Rainforest Alliance
Fairtrade International

By Region:

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

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Recent developments

Hershey purchased Lily’s Sweets, a producer of low-sugar chocolate, in June 2021 as part of its efforts to increase the number of healthier snacking brands in its product lineup. Cynthia Tice started the business so she could use stevia to sweeten conventional chocolate delights.
The demand for cocoa beans in Southeast Asia has increased dramatically. The region’s cocoa farmers, however, are unable to meet the product’s rising demand. As a result, more international trade is anticipated to occur in the global cocoa bean market in the upcoming years

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Synthetic Biology Market on Course for US$ 138.8 Billion Valuation by 2032 | Future Market Insights,Inc.

The global Synthetic Biology Market was worth US$ 15.8 Billion in the year 2022 and is expected to reach ~US$ 138.8 Billion by the year 2032 between 2022 and 2032.

Synthetic biology refers to redesigning organisms through engineering with the objective of improving development in health services and medicine. The applications include cellular signalling, production of antibodies, and development of vaccines. Altering these metabolic pathways does imply getting on to new-fangled therapeutic ways.

Ailments like cancer are especially looked into. For instance – National Cancer Institute and National Institute of Biomedical Imaging and Bioengineering, in the year 2020, did issue a funding for extending support to synthetic biology approaches for cancer-oriented research. The latest in this regard is development of immunotherapies through bioengineered cells helping in treating diseases such as tumors inclusive of large B-cell lymphoma. Several synthetic biology products like engineering kits, DNA oliogos, and open reading frames clones are getting popular in the healthcare vertical.

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At the same time, utmost care needs to be taken to see that government protocols are followed for selling any of the synthetic biology products in the market.

Genetically engineered products, gene synthesis, DNA sequencing, NGS (next-generation sequencing), and bioinformatics are enhancing research in this field of medicine at the global level.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Synthetic Biology Market’. It has its line of expertise in the form of analysts and consultants to execute using a 360-degree approach in its primary, secondary, and tertiary modes of research.

“With discovery of novel therapeutic targets to treat diseases like cancer on the anvil, the global synthetic biology market is slated to grow voraciously in the upcoming period”, says an analyst from Future Market Insights.

Bioengineering is an interdisciplinary field of science that combines biology and engineering principles to design and build new biological systems or modify existing ones. It involves the application of engineering principles to biological systems, with the goal of creating new and useful functions that are not found in nature.

Key Takeaways from Synthetic Biology Market

North America holds the largest market share with the US being home to maximum biopharmaceutical and pharmaceutical companies.
Europe holds a significant market share on the back of Germany. This is evident from the fact that Robert Koch Institute, in the year 2019, had 502,655 people based out of Germany diagnosed with cancer. This calls for high-level adoption of synthetic products amongst the Germans.
The Asia-Pacific is expected to be led by China. This could be credited to nigger strategic investment in research in synthetic biology, thereby boosting the bio-economy in the forecast period.

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Competitive Biology

Novozymes, in January 2021, did launch Frontia GlutenEx with the objective of assisting wheat processors to increase recovery rate of gluten protein and also cut down on consumption of energy.
Merck, in February 2021, entered into partnership with BioNtech for supplying lipids for manufacturing Pfizer-BioNtech Covid-19 vaccine (BNT162b2).
Merck, in January 2021, completed acquisition of AmpTec to strengthen the product portfolio for manufacturing and developing mRNA to facilitate diagnostics, treatments, and vaccination.
Ribbon Biolabs, in January 2022, did raise a series A financing fund worth EUR 18 Million with the objective of enabling production facilities at the commercial scale along with DNA synthesis technology’s expansion in the US.
GenScript, in November 2021, did expand the gene synthesis production capacities in the US with 100% automated oligo synthesis along with sequencing platforms.
The PABC (Pennsylvania Biotechnology Center), in September 2022, did announce that Thermo Fisher Scientific joined hands as one of the founding sponsors of PABC campus at Doylestown; along with its novel B+Labs incubator in Philadelphia; wherein upcoming life science companies could catalyze the way to commercialization.
Medichem and Bota Bio, in August 2022, did commit to promote sustainability while improvising on industrial processes. The latter’s expertise with respect to enzyme engineering would be used for developing enzymes that could be effortlessly incorporated into former’s chemical processes.
Codexis, in July 2021, along with Kalsec, Inc., did announce expanding research collaboration for manufacturing Kalsec’s natural hop acid.

Key Market Players:

Thermo Fisher Scientific, Inc.
Merck KGaA
Novozymes
Agilent Technologies, Inc.
Codexis, Inc.
Bota Biosciences Inc.
Creative Biogene.
Creative Enzymes.
Enbiotix, Inc.
Illumina, Inc.
Other

Key Segment:

By Product:

Oligonucleotides
Enzymes
Synthetic Cells
Cloning Technologies Kits
Xeno-Nucleic Acids
Chassis Organism

By Application:

Healthcare
Non-Healthcare

By End User:

Biotechnology and Pharmaceutical companies
Academic and Government Research Institutes
Others

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Retinoids Market is projected to reach US$ 2.5 Billion 2032, driven by the increasing demand for effective acne treatment, growing at a CAGR of 5.4%

The global retinoids market is worth US$ 1.5 Billion as of now and expected to reach US$ 2.5 Billion by the year 2032 at a CAGR of 5.4% between 2022 and 2032.

Dermatologists, these days, prefer treating skin problems through less invasive procedures/topical treatments in place of surgical procedures. Also, retinoids come into picture post-surgery, with growing inclination toward natural and organic commodities. Rising incidences of acne is another factor driving the retinoids market. The market participants are also manufacturing moisturizers, wrinkle reducers, sunscreens, nail care products, acne reducers, and nail care creams using retinoids.

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The US FDA has approved various formulations of retinoids, which has, in turn, resulted in several product offerings containing retinoids. As per the American Academy of Dermatology (AAD), the US is home to maximum people suffering from acne. As such, over 50 Mn Americans are affected by acne every single year.

Additionally, more number of people are searching for anti-aging products for preventing age spots, hair damage, dry skin, uneven skin tone, and wrinkles. Retinoids have also found their way through treating pigmentary conditions like actinic lentiginous, melisma, and post-inflammatory hyperpigmentation. They are available in the form of cream products, gels, and liquids. With skin care taking the front seat, the global retinoids market is bound to grow with grandeur in the near future.

Retinoids are known to cause skin irritation, which could be inclusive of dermatitis, burning, or scaling. Plus, the end-consumers are getting aware about DIY solutions regarding skin care, which could hamper the retinoids market. The US FDa has also approved the medications that contain botulinum toxin encompassing Dysport, Botox, Jeuveau, and Xeomin. Future Market Insights, through its latest market study entitled “Retinoids Market”, enlists these facts with future perspectives.

Key Takeaways from Retinoids Market:

North America, led by the US, holds more than 30% of the market share. This could be credited to rising incidences of skin disorders and facial acne over here.
Europe stands second with Germany leading from the front. It holds more than 10% of the market share. This could be reasoned with enhancements in healthcare infrastructure with growing awareness about appropriate skincare regimen and utilization of retinol and various other ingredients in the cosmetic medications and products.
Coming to the Asia-Pacific, Japan holds more than 9% of the market share; due to an ever-increasing utilization of retinoids in skin care medication and dermatology. Research states that Japan was home to nearly 3,050 general hospitals as of October 2020. Call to look better irrespective of age is driving adoption of the cosmetic products containing good quantity of retinoids for improving level of collagen in the body.
Synthetic retinoids overpower conventional ones in terms of pharmacological qualities as they pass through specific RAR (retinoic acid receptors), which are capable of reducing side-effects.

“With incidences of acne substantiating throughout, the global retinoids market is expected to witness an extensive research in the forecast period”, says an analyst from Future Market Insights”.

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Competitive Arena:

Bausch Health Companies Inc., through its dermatology division “Ortho Dermatologics”, delivered 4 presentations at the Florida Society of Dermatology Physician Assistants (FSDPA). They covered novel clinical data related to SILIQ, DUOBRIL, and JUBLIA injection, along with several encore presentations.
Differin, the very first consumer acne medication approved by the US FDA and doled out by Galderma Laboratories, L.P., has started getting subjected to an audio and a digital advertising campaign that would translate into strategic partnership with Acast Creative.
The US FDA, in August 2018, approved once-daily retinoid product termed as “Altreno” floored by Ortho Dermatologics to treat patients aged 9 and above.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the retinoids market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on type (natural retinoids and synthetic retinoids), by application (acne, psoriasis, anti-aging, and likewise), and by distribution channel (hospitals pharmacies, online pharmacies, retail pharmacies, and hypermarkets/supermarkets).

Key Companies Profiled:

GlaxoSmithKline Inc.
Mylan Pharmaceuticals Inc.
Sun Pharmaceutical Industries Ltd.
Janssen Pharmaceuticals Inc.
Bausch Health Companies Inc.
Ortho Dermatologics

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Key Market Segments Covered in Retinoids Industry Research:

By Type:

Natural Retinoids
Synthetic Retinoids

By Application:

Acne
Psoriasis
Anti-aging
Others

By Distribution Channel:

Hospitals Pharmacies
Online Pharmacies
Retail Pharmacies
Supermarkets / Hypermarkets

By Region:

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

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PLL Clock Generator Market Poised for Remarkable Growth: Projected to Reach US$ 11,182.7 Million by 2032 with a Robust 5.9% CAGR

The global demand for the PLL clock generator market is expected to reach approximately US$ 6,322.9 million in 2022. It is projected to experience a steady growth rate, with a CAGR of 5.9% over the period from 2022 to 2032, ultimately reaching a value of around US$ 11,182.7 million.

This growth can be attributed to several factors, including the increasing trend towards digitalization and the growing reliance on semiconductor technology. Notably, in the previous five years, from 2016 to 2021, the PLL clock generator market exhibited a CAGR of 4.6%, indicating a consistent upward trajectory.

Today clock generators have become the basic building blocks of all electronics. They have a wide variety of applications, ranging from a small memory chip to a supercomputer. Clock generators basically generate waveforms, which are required for working at a particular frequency, as required by the equipment.

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In many applications, oscillators are used for the same, but a clock generator can generate a variety of frequencies, which cannot be generated using an oscillator. Basically, a clock generator has two components, namely resonators and crystals.

Apart from the umpteenth of uses of clock generators, PLL clock generators came into the market because of the additional advantages it carry like low noise and jitter. Basically, a PLL is a phase-locked loop, which is used to remove the error that occurs in the frequency generated.

It removes the error in the frequency by comparing the output with a reference signal and then generates an error signal, and the output signal gets corrected by the error signal, by either decreasing or increasing it, and then the correct signal is locked which is then sent to the specified application, thus improving the accuracy of the generated frequency.

Global Market of PLL Clock Generator: Drivers and Restraint:

With the increasingly stringent timing constraints required in high-performance systems extensively used in day-to-day applications today, the PLL clock generator is finding its applications in myriads of devices. This extensive use of PLL clock generators is expected to increase its demand in the market, witnessing a healthy CAGR in the forecast period.

Phase/delay compensation, frequency multiplication, duty cycle correction, decreased noise, and jitter are some of the key benefits, offered by the PLL clock generator, which are not present in the simple clock generators. As the PLL clock generator is the basic building block of any system, these benefits basically eliminate all the errors that can occur while frequency generation. This highly reduces the probability of errors in the overall system, may the PLL clock generator is deployed in any system.

Factors such as high cost can be expected to make a negative impact on the market in the short term, but as the benefits from the PLL clock generator are ascertained, the overall impact will diminish in the long term. However, the paradigm shift from using basic clock generators to PLL clock generators, due to reduced jitter and noise, thereby increasing the overall efficiency of the systems in which the PLL clock generators are deployed, is expected to continue propelling the market for PLL clock generators during the forecast period

Asia Pacific continues to be the hotbed of the electronics market, thus propelling most of the demand for the PLL clock generators. Further, the North America market led by the US is expected to remain the second largest market for PLL clock generators, the trend expected to continue over the years, followed by Western Europe also expected to witness a healthy CAGR

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Key development:

Product launch

In August 2015, Texas Instruments launched LMK03328. The product has an edge over the other PLL clock generators because of an Ultra-Low Jitter Clock Generator and can generate multiple clocks for various multi-gigabit serial interfaces and digital devices which improves reliability and the ultra-low jitter reduces the bit error rate in high-speed serial links
In October 2022 Renesas Electronics Corporation a premier supplier of advanced semiconductor solutions announced that it has completed the acquisition of Steradian Semiconductors Private Limited (Steradian), a fabless semiconductor company providing 4D imaging radar solutions
In July 2021 – Cirrus Logic, Inc. announced the acquisition of California-based Lion Semiconductor for $335 million in cash. This acquisition brings unique intellectual property and products for power applications in smartphones, laptops, and other devices and accelerates the growth of the company’s high-performance mixed-signal business.
In October 2020 – Microchip Technology Inc. announced the acquisition of Tekron International Limited, a global leader in providing high-precision GPS and atomic clock time-keeping technologies and solutions for the smart grid and other industrial applications.

Leading Key Players:

Cirrus Logic
Microsemi Corporation
ON Semiconductor
Maxim Integrated
Integrated Device Technology Inc.
Texas Instruments Incorporated

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PLL Clock Generator Market Segmentation:

By Output Frequency:

Less than 200 MHz PLL Clock Generator
200 to 400 MHz PLL Clock Generator
400 to 600 MHz PLL Clock Generator
600 to 800 MHz PLL Clock Generator

By Output Stage:

CMOS
CMOS, PECL
Clock
PECL
LVCMOS

By Region:

North America PLL Clock Generator Market
Latin America PLL Clock Generator Market
Europe PLL Clock Generator Market
Asia-Pacific PLL Clock Generator Market
Middle East & Africa. PLL Clock Generator Market

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Arteriovenous Fistula Treatment Market Poised for Growth at 5.9% CAGR, Expected to Touch US$ 1,356.5 Million by 2033, According to FMI

The global arteriovenous fistula treatment industry value is anticipated to increase significantly from the current value of US$ 765.8 million in 2023. Arteriovenous fistula therapy is becoming more widely used, which is expected to propel market expansion at a consistent CAGR of 5.9% throughout the forecast period.

The demand for treating arteriovenous fistulas is expected to grow promisingly, with sales forecasted to reach around US$ 1,356.5 million by the end of 2033. The increased prevalence of arteriovenous fistula diseases and the growing acceptance of the effectiveness of this therapy might be ascribed to this increase in demand.

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In patients with end-stage renal disease (ESRD), arteriovenous fistulas are frequently employed as the preferred vascular route for hemodialysis. The necessity for dependable and effective vascular access for hemodialysis has grown as the prevalence of ESRD increases internationally.

Arteriovenous fistula’s benefits over other vascular access techniques, such as fewer complications, longer patency, and a lower risk of infections, have raised its popularity. This has also helped to fuel its rising popularity among medical professionals and patients in the last few years. Healthcare institutions are progressively investing in developing and using arteriovenous fistula treatment procedures to assure better patient outcomes.

Arteriovenous fistula usage in emerging nations is growing because of improvements in the healthcare infrastructure and greater knowledge of this preferred approach for vascular access. Government attempts to improve dialysis care and the construction of specialist renal care facilities have also aided this growth.

Key Takeaways from the Global Arteriovenous fistula treatment industry Study Report by FMI:

North America held a 37.2% share of the global market in 2022 with the government’s effective efforts to develop new treatments for the arteriovenous fistula issue. The United States is the leading nation in adopting arteriovenous fistula therapy services, contributing to one-third of the global revenue that year.
Europe region, with an overall revenue share of 27.4% in the year 2022, followed North America in demand for arteriovenous fistula therapy services. Germany was figured out to be the leading market in the region, with a 6.5% global revenue share in 2022.
There is a considerable need for arteriovenous fistula therapy in nations with a greater prevalence of end-stage renal illness, particularly in Asia. So, FMI predicts that China and India could be two remarkably growing markets through 2033 with 9.4% and 7.7% CAGRs respectively.

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Competitive Landscape for the Arteriovenous fistula treatment industry Players:

Becton Dickinson, Medtronic, B. Braun Melsungen, Cook Medical, Teleflex Incorporated, Fresenius Medical Care, NxStage Medical, and Poly Medicure are some top players in this market. Leading players are adopting strategic partnerships with healthcare providers and medical institutes to enter new regions and access a larger client base. Additionally, they have been vigilant in gaining regulatory licenses and adhering to local healthcare norms, allowing them to succeed in local markets.

Arteriovenous fistula therapy is in high demand, which has given new market participants attractive chances to increase their market share locally and internationally. Meanwhile, established arteriovenous fistula treatment devices and product manufacturers and suppliers are increasing investments to enhance product quality and provide cutting-edge treatment approaches.

Key Segments Profiled in the Arteriovenous Fistula Treatment Industry Survey Report:

By Type:

Arteriovenous Fistulas
Dural
Peripheral
Pial or Cerebral
Other Fistula Types

By Treatment Type:

Drugs
Transcatheter Embolization
Ultrasound-guided Compression
Surgery

By Region:

North America
Latin America
Asia Pacific
The Middle East and Africa
Europe

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Quadriplegia Treatment Market Aims for US$ 2,324.4 Million by 2032 | Future Market Insights,Inc.

The quadriplegia treatment market is projected to have a value of US$1,468.4 million in 2022. With a compound annual growth rate (CAGR) of 4.7% between 2022 and 2032, the demand for quadriplegia therapy is expected to reach approximately US$ 2,324.4 million worldwide by that time.

The demand for quadriplegia treatment will progressively rise, which will provide manufacturers with numerous favorable development opportunities in the near future.

Key Drivers of Quadriplegia Treatment Market

Quadriplegia is caused by spinal cord injury which is caused due to trauma at the base of the neck or skull. Some of the common causes of quadriplegia, otherwise known as tetraplegia are paralysis after any accident, tumors of the spinal cord or other spinal cord diseases. The injury to the spinal cord may cause partial or total limb paralysis.

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According to 2020 data sheet of Spinal Cord Injury Statistics, it was estimated that approximately 17,810 new cases of spinal cord injuries occur every year in the U.S. Some of the reasons for quadriplegia include stroke, vehicular accidents, falls, violence, sports, medical or surgical causes and others.

According to WHO statistics, published in June 2021, 20-50 million people suffer from road traffic accidents every year which lead to non-fatal injuries yet permanent disabilities to them. With the increasing rate of road traffic accidents, the demand for quadriplegia treatment is set to show a positive growth over the forecast period.

Recent technological advancements and various R&D activities in the field of quadriplegia treatment are one of the leading causes which will boost the demand for this market in forthcoming years. There is an increased level of awareness amongst the patients suffering from spinal cord injuries about various treatment options available to improve their quality of life. This is another factor which will propel the demand for various treatments for quadriplegia during the forecast market.

Electrical Stimulation: Revolutionary Technique that Got Quadriplegic People Back on their Feet.

Electrical stimulators which were originally designed to treat chronic pain helped more than a dozen patients with quadriplegia to wiggle their toes, flex their legs or even walk with support.

This was a revolutionary technique which was conducted in the lab of University of Louisville in Kentucky. Electrical stimulation thus made promising and huge gains for people with paralysis wanting to regain their functionalities. The study was published in July 2019, after which thousands of patients have enrolled in the wait lists for the electrical stimulation technique.

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U.S. and Canada Quadriplegia Treatment: Regional Outlook

U.S. and Canada region was found to be the largest market for the diagnosis and treatment of spinal cord injury (SCI). Increasing awareness and advanced technologies are the main drivers of this market. Most of the accidents found that alcohol was one of the most important factors; that is, approximately 25% of spinal cord injuries.

In the United States, the average annual medical cost for treating an acute spinal cord injury has been found to be in the range of $ 15,000 to $ 30,000 per year. All these factors are expected to drive the market growth of quadriplegia treatment market and offer lucrative opportunities for the providers.

Europe Quadriplegia Treatment: Regional Outlook

Europe was observed to be the second largest market, region wise for the quadriplegia treatment industry. Some of the factors contributing to this large market share are the presence of leading research institutes in the region for various neurological disease diagnosis and treatment. Increased awareness regarding various new technologies which help the quadriplegic patients lead a relatively normal life is also another key driver for this industry in Europe.

Key player:

Major manufacturers of medications needed to treat quadriplegia are

Merck & Co.
Sanofi Pharmaceuticals
Baxter International
Zydus Cadila
GlaxoSmithKline
AstraZeneca
Cipla
Johnson & Johnson
Bristol Myers Squibb Co.
Eli Lily & Co.
Teva Pharmaceuticals
Takeda Pharmaceutical Co Ltd
Hoffmann La Roche
Sun Pharmaceuticals.

In November 2020, Pfizer and Mylan announced the merger of Pfizer’s Upjohn generics unit and Mylan. This deal was a part of restructuring drive at Pfizer, which was aimed for stronger foothold in the innovative medicines division of the company.

Key Segments:

By Treatment Type:

Corticosteroids
Non- Steroidal Anti-inflammatory Drugs (NSAIDs)
Antidepressants
- Selective serotonin reuptake inhibitors (SSRIs)
- Serotonin and norepinephrine reuptake inhibitors (SNRIs)
Anticonvulsants
Narcotic Analgesics
Antispasmodics & Muscle Relaxants
Antibiotics

By Route of Administration:

Oral
Intravenous
Others

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Online Stores?

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Global Compression Garments Market Projected to Reach US$ 3,316.3 Million and grow at a CAGR of 5.2% between 2023 and 2033

According to Future Market Insight, the global compression garments market is likely to reach US$ 3,316.3 million by 2033, registering a CAGR of 5.2%. This is a substantial upsurge from its projected value of US$ 1,991.7 million in 2023.

The rising awareness of health and fitness has led to a surge in demand for compression garments. Consumers are now more conscious of the benefits of these garments in enhancing athletic performance, reducing muscle fatigue, and supporting their overall well-being.

The aging population has significantly impacted the compression garments market. Older adults often face circulation-related issues like varicose veins and edema. This makes compression garments a popular choice for managing these conditions and improving blood flow.

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Compression garments are extensively used in medical settings to treat conditions such as lymphedema and chronic venous insufficiency. The medical sector’s demand for these garments has contributed significantly to the market’s growth.

Compression garments play a crucial role in post-surgery recovery, aiding in reducing swelling and supporting healing. As surgical procedures continue to increase, the demand for post-surgery compression garments has also risen.

Athletes and fitness enthusiasts widely adopt compression garments due to their potential to improve athletic performance. The garments’ ability to reduce muscle soreness and increase oxygenation during physical activities has made them popular in the sports industry.

Advancements in fabric technology have made compression garments more comfortable and breathable. This has expanded their appeal to a broader range of consumers, including those who might have been deterred by discomfort in the past.

The growth of e-commerce has positively impacted the compression garments market. Online platforms have made it easier for manufacturers to reach a global audience and for consumers to purchase compression garments conveniently.

The expansion of the sports industry has driven the demand for compression garments among athletes and fitness enthusiasts. As sports continue to gain popularity, the market for specialized sports compression wear has also grown. Athletes use compression garments to prevent injuries and promote faster recovery after intense physical activities. This aspect has contributed to the market’s growth, particularly in sports-specific compression wear.

The popularity of compression garments for maternity wear has provided a new avenue for market growth. These garments offer support and comfort to pregnant women. This factor makes them a favorable choice for expectant mothers.

Key Takeaways from the Compression Garments Market:

The compression garments industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 5.1% through 2033, driven by increased awareness and adoption among athletes and fitness enthusiasts.
The United States held a 39% share of the global compression garments industry in 2022, driven by the rising prevalence of sports-related injuries and the growing emphasis on physical fitness and wellness among the population.
With a CAGR of 6.8% over the forecast period, India is predicted to develop rapidly in the compression garments industry, propelled by the country’s growing health consciousness and rising number of sports and fitness aficionados.
In 2022, Japan had a 2.7% share of the compression garments industry globally, driven by the growing aging population and the rising demand for compression wear to support active lifestyles among senior citizens in the country.
The compression garments industry in China is expected to flourish promptly, registering a CAGR of 6.3% over the forecast period, fueled by the increasing adoption of compression wear in sports and fitness activities among the health-conscious population.
Germany accounted for 6.8% of the global compression garments industry in 2022, driven by the country’s robust healthcare infrastructure and the growing trend of using compression garments for post-operative care and injury rehabilitation.

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Competitive Landscape in the Compression Garments Market:

Leading market players are continually innovating and expanding their product lines to cater to various consumer needs. They invest in research and development to improve garment materials, design, and functionality. These players also focus on strategic partnerships and collaborations to enhance distribution networks and enter new markets. Additionally, leading market players engage in marketing campaigns to raise awareness about the benefits of compression garments, driving demand. This helps them maintain their competitive edge in the industry.

Recent Developments by Key Players:

In January 2023, The Marena Group, a renowned global player in post-surgical compression garments and shapewear, introduced the Female Curves Bodysuit tailored for women with naturally curvy body types. It aims to complement body sculpting procedures like liposuction and provide additional enhancement to their curves.
Therabody, Inc. made its foray into the garment market in February 2023 with the introduction of the world’s first compression wearable integrated with vibration technology. The brand is now advancing compression technology to benefit a diverse range of individuals, from professional athletes to those dealing with circulatory issues, edema, and pain. Incorporating a germanium-infused wearable sleeve, their RecoveryPulse seamlessly merges graduated compression and vibration therapy.

Key Companies Profiled:

Proxima Healthcare
3M
Bauerfeind
Macom Enterprises
Leonisa
LIPOELASTIC
Cosmac Healthcare
Lohmann and Rauscher
Wear Ease
Peninsula BioMedical
LympheDIVAs
Juzo
Medico International
The Marena Group
Essity

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Key Segments Covered In The Compression Garments Industry Analysis:

By Gender:

Males
Females

By Product Type:

Abdomen & Torso
Legs
Joint Support
Underwear
Face, Arms & Shoulder

By Distribution Channel:

Sales through Pharmacy & Offline Retail
Sales through Healthcare Centers
Sales through Online Retailers

By Compression Delivery:

Elastic
Pneumatic

By Application:

Healthcare
Sports
Swimwear

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Author By:

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.

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