Market Research Blog – Page 4392 – New Product Development

GCC Calcium Oxide Market Set to Soar to US$ 245.4 million with 4.9% CAGR as Building and Construction Boom Drives Demand

The Gulf Cooperation Council or, GCC calcium oxide market is projected to reach a market capitalization of US$ 245.4 million at a CAGR of 4.9% by the end of the forecast period 2023 to 2033. The growth of the building and construction sector in the region is projected to drive the market in the forecast period.

The market is expected to benefit from the expanding building and construction sectors in these countries that are heavily investing in large-scale infrastructure projects. These include construction, transportation, and urbanization initiatives. Calcium oxide plays an indispensable role in these sectors owing to its diverse applications.

GCC region has seen an increase in infrastructure projects such as skyscrapers, airports, motorways, and residential complexes. All of these are predicted to significantly boost demand for calcium oxide. Likewise, calcium oxide is used for soil stabilization, which improves the engineering features of the soil and makes it acceptable for construction.

Calcium oxide demand for soil stabilization applications is expected to expand as the GCC countries continue to focus on developing their transportation networks and creating solid foundations for infrastructure projects.

The market is highly competitive and dominated by domestic manufacturers of calcium oxide. However, the distributors of calcium oxide seek contracts with these manufacturers to provide a consistent supply of chemicals in the region. These strategies are expected to benefit the growth of the calcium oxide market.

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Besides the above-mentioned industry trends, the calcium oxide market is also heavily influenced by demographic, macroeconomic, innovation, and sustainability factors. Based on these factors, significant investments have been made in the calcium oxide market, which is expected to drive demand for calcium oxide in the forecast period.

“Calcium oxide’s rising demand is fuelled by its versatile applications in construction, manufacturing, agriculture, and environmental sectors. Vendors are likely to find growth opportunities through governmental contracts considering the significant investments the countries have made in their infrastructural projects.” – says an FMI analyst.

Key Takeaways:

The GCC calcium oxide market is projected to witness a CAGR of 9% during 2023 and 2033.
The commercial grade segment is estimated to dominate the GCC calcium oxide market at 9% CAGR through 2033.
Based on end-use industry, building and construction segment is expected to reach a valuation of US$ 130.7 million by the end of the forecast period.
In the GCC region, the majority of the demand is met through domestic production, which accounts for 95% of the total market demand.

Competitive Landscape

According to FMI Analysis Graymont, Saint Hilaire Industries, Lhoist, Carmeuse, Austin White Lime, Ube Material Industries Ltd, Saudi Lime Industries Co, Astra Mining, United Mining Investments Co., Mississippi Lime, Emirates Lime Factory, Super Cement Manufacturing Company LLC, Ras Al Khaimah Lime, SATHI International FZE, GULF LIME CO LLC, and several others are the market players, which are identified as key players.

Key players are engaged in the expansion of production capacities along with research and development.

Companies are also involved in the long-term supply of the products with the end users to maintain the proper supply chain and uninterrupted supply of final products.

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More Insights into the Calcium Oxide Market Report

In its up-to-date report, Future Market Insights (FMI) offers an unbiased analysis of the global calcium oxide market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the GCC market potential, growth, and scope, the market is segmented based on grade, end-use sector, and region.

Market Segmentation

By Grade:

Food grade
Commercial grade

By End-use Industries:

Building and Construction
Iron and Steel Industries
Water and Wastewater Treatment
Food Industry
Glass Manufacturing
Agriculture
Others

By Country:

United Arab Emirates
Kingdom of Saudi Arabia
Qatar
Kuwait
Bahrain
Oman

About Future Market Insights (FMI)

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

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Transparent Coatings Market Projected to Surge to US$ 31.2 billion by 2033: Robust Growth Driven by Expanding Applications in Multiple Industries

The transparent coatings market is expected to be worth US$ 16.6 billion in 2023. The market is expected to reach US$ 31.2 billion by 2033, growing at a 6.5% CAGR during the forecast period. Transparent coatings market is being driven by their growing usages in wood, glass, optics, metal, plastics, solar panel, and concrete applications.

The growing industrial and commercial construction in the urban areas is one of the key driver for transparent coatings market. These coatings are extensively used to cover the glass facades of commercial infrastructure like office buildings and shopping complexes. Their self-cleaning, anti-reflection, anti-glare and UV resistant characteristics are useful in maintaining the energy efficient office atmospheres. The rising development in commercial construction across the developed and developing countries is expected to augment the growth of global transparent coatings market.

The transparent coating industry is benefiting from increased customer demand for transparent and clear thin layer coatings to maintain product visibility while improving surface qualities. In the coming years, the use of nanotechnology in transparent coatings will offer up new application prospects for these coatings.

The global transparent coatings market is dominated by a few countries that lead the production and end-use sector for these coatings. The increasing use of transparent coatings in solar energy sector is expected to pave the way for their market growth in emerging countries like middle east and India. Although the significant consumption from wood, metal and glass applications is expected to drive the market growth in America, Europe and East Asian Countries.

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Key Takeaways from the Transparent Coatings Market:

The transparent coatings industry in the United States is predicted to reach US$ 5.0 billion by 2033, increasing at a 6.0% CAGR.
The transparent coatings industry in the China is estimated to reach a market size of US$ 4.4 billion, expanding at a CAGR of 6.8% by 2033.
During the forecast period, the transparent coatings industry in India is expected to reach a market share of US$ 3.7 billion, securing an 7.2% CAGR.
The transparent coatings industry in Germany is predicted to reach US$ 3.1 billion by 2033, increasing at a 5.7% CAGR.
Japan’s transparent coatings industry is predicted to achieve a market share of US$ 2.5 billion, rising at an 5.9% CAGR during the forecast period.
With a CAGR of close to 7% from 2023 to 2033, the protective coating segment is expected to dominate the transparent coatings by coating type.
With a CAGR of more than 10% from 2023 to 2033, the solar panel segment is expected to dominate the transparent coatings by application.

How Does the Competition Look in the Transparent Coatings Market?

The market for Transparent Coatings is fragmented, with intense competition among a large number of market participants. To increase their market position, these businesses are concentrating on expanding their production capacity and sales footprints. Several significant participants in this industry comprise Woodver, Wincoat, TWI Ltd., NEI Corporation, and Holland Shielding Systems BV among other companies.

The main players are particularly investing in R&D projects to develop products tailored for specific applications and discover new applications for transparent coatings. To satisfy the shifting needs of customers, they are also focusing on extending their product line and strengthening their distribution networks.

Key firms in the transparent coatings sector frequently participate in mergers and acquisitions to strengthen their positions in the market, broaden their product offerings, and get access to new markets. To gain an advantage in these markets, they are also concentrating on providing clients with cost-effective and renewable solutions.

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Segmentation Analysis of the Market

By Coating Type:

Protective Coating
Hydrophobic Coating
Abrasion resistance Coating
UV Resistant Coating
Others

By Application:

Wood
Glass/Optics
Metal
Plastics
Solar Panels
Concrete
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
The Middle East and Africa

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Global Bone Densitometer Devices Industry Set to Surpass US$ 347.7 Million by 2033 | FMI Forecasts

The Global Bone Densitometer Devices Industry is poised for exceptional growth, with market value estimates indicating a remarkable trajectory. In 2023, the market is projected to exceed US$ 347.7 million, and by 2033, it is expected to reach an impressive US$ 525.0 million, demonstrating an outstanding compound annual growth rate (CAGR) of 4.2% throughout this ten-year period.

Precision in Bone Health Assessment

Bone densitometer devices, renowned for their non-invasive bone density assessment procedures, play a pivotal role in evaluating bone strength. These innovative devices are indispensable in diagnosing bone-related conditions and assessing the risk of their development.

A Global Health Challenge

According to the International Osteoporosis Foundation, a significant health challenge looms on the horizon. The incidence of hip fractures is predicted to rise by over 300% in men and 240% in women by 2050. Osteoporosis, along with related conditions such as osteopenia, osteomalacia, and osteoporotic fractures, is on the rise. This alarming trend underscores the pressing need for robust bone assessment, driving substantial demand for bone densitometer devices and fueling the market’s expansion.

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Moreover, a surge in favorable reimbursement policies by Medicare will likely spur the demand for bone densitometer devices, particularly in countries like India and the U.S. Medicare provides private health insurance plans for the treatment of osteoporosis, which in turn accounts for the increasing expansion of the bone densitometer devices industry. Also, many manufacturers are keen on releasing innovative products with novel offerings like low dosage and patented narrow-fan beam technology.

This factor coupled with the rising need for excellent precision and accuracy, high-definition image quality, and faster scan for multiple clinical applications will foster an atmosphere of the growth for the target over the projected period.

“Growing bone health awareness, more widespread knowledge about osteoporosis along with initiatives from NGOs and government organizations will likely drive the market growth for the bone densitometer devices over the forecast period,” says an FMI analyst.

Key Takeaways:

Heightened demand for precise, speedy and high quality diagnosis to strengthen the market prospects.
High cost of the target product and limitations of the DXA technology of bone densitometer device will impede market growth.
The U.S. will dominate the global market space with a CAGR of 4.9%.
The market in Germany will be driven by increasing bone disorder awareness programs.
Axial bone densitometer segment will grow at a CAGR of 4.2%
In terms of technology, Dual Energy X-Ray Absorptiometry will hold about 3/5th of total revenue.

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Competitive Landscape

GE Healthcare, Hologic, Inc., OSI Systems, Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding, Ltd., BeamMed, Ltd., Echolight S.P.A, Scanflex Healthcare AB, Medonica Co., Ltd., XinGaoYi Co., Ltd., Anjue Medical Equipment, Trivitron Healthcare, Eurotec Systems S.r.l, AMPall Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Shenzhen XRAY Electric Co., Ltd., YOZMA BMTech Co., Ltd., Nanoomtech Co., Ltd., Osteosys Corporation, FURUNO Electric Co., Ltd ., and others are some of the major players in the bone densitometer devices industry profiled in the full version of the report.

Leading market players are concentrating on improving their product features to expand their business and enter new markets. Strategies like mergers, acquisitions, and distribution agreements are also employed by these enterprises to strengthen their position in the bone densitometer devices market.

Bone Densitometer Devices Industry by Category

By Product:

Peripheral Bone Densitometer
Axial Bone Densitometer

By Technology:

Dual Energy X-Ray Absorptiometry (DXA)
Peripheral Dual Energy X-Ray
Absorptiometry (pDXA)
Quantitative Ultrasound (QUS)
Others

By End-User:

Hospitals
Orthopedic Clinics
Diagnostic Centers

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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.

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Polyurethane Precursor Market Set to Soar, Anticipated to Reach US$ 80,216.2 million with a Remarkable 5.6% Growth Rate by 2033

The Polyurethane Precursor market is expected to be worth US$ 80,216.2 Million by end of the forecast period. The market is anticipated to witness a considerable growth rate of 5.6% over the forecast period. Polyurethanes are versatile class of polymeric materials, which offers various extraordinary advantages over other polymeric materials, which make it suitable to use in broad array of end use industries. The most common advantage they offer is, that they have an ability to be made into rigid and soft foams. These foams are further utilized in various end use industries.

Polyurethane are mainly made of three precursors namely- polyols, additives and isocyanates. Precursors are like raw materials which are used in the manufacturing of any chemical or polymer. In the Polyurethane case, polyols and isocyanates are widely used precursors in the production of polyurethane.

Polyurethane Foam is one of the key applications for Polyurethane Precursor. Flexible and Rigid foams, both are being manufactured, which are further used for other applications such as bedding, automotive seating, furniture, upholstery and others. Rigid foams are used for insulation purpose in construction, packaging and refrigeration industries.

Industries such as packaging and advertising require precise and vibrant printing results, which can be achieved with the use of Polyurethane Precursor. Digital printing methods, such as inkjet and UV-curable printing, have gained popularity in recent years. These technologies often require specialized coatings to ensure optimal ink adhesion and color reproduction.

Polyurethane precursors play a vital role in automotive industry as they are heavily employed in automotive seating, steering wheels, sound insulation components, interior rims and so on. On the other hand, these are used in the formulations of coatings and adhesives.

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The Polyurethane Precursor market has presence of some of the big players such as Evonik Industries, BASF SE, Covestro AG, Shell Plc, Dow Chemical Company and others. These players hold a dominant market share at global level. These players are also involved in the new product launches, expansion and other key growth activities.

Key Takeaways from the Polyurethane Precursor Market:

The Polyurethane Precursor industry in the United States is predicted to reach US$ 11,727.6 million by 2033, increasing at a 4.8% CAGR.
The Polyurethane Precursor industry in India is estimated to reach a market share of US$ 3,593.7 million, expanding at a CAGR of 5.9% by 2033.
During the forecast period, the Polyurethane Precursor industry in China is expected to reach a market share of US$ 20,214.5 million, securing a 4.3% CAGR.
The Polyurethane Precursor industry in Japan is predicted to reach US$ 3,176.6 million by 2033, increasing at a 4.6% CAGR.
Germany’s Polyurethane Precursor industry is predicted to achieve a market share of US$ 4,527.4 million, rising at a 5.1% CAGR during the forecast period.
With a CAGR of 5.8% from 2023 to 2033, the Foam Precursor application is expected to dominate the Polyurethane Precursor industry.

How Does the Competition Look in the Polyurethane Precursor Market?

The Polyurethane Precursor Industry is highly competitive in nature, with the presence of several international and regional players operating in the market. The market has presence of some of the key companies which hold prominent market shares in the market such as BASF SE, Covestro AG, Evonik Industries and others.

These key market participants are actively engaged in the expansion of their production capacities in regional as well in overseas markets. Key players are focusing on the launch of new products, strategic collaborations and mergers, long term agreements with suppliers and others.

Some of the key players are also focused on the recycling of polyurethane foams and establishing units and collaborating with other associations to help in achieving the sustainability goals. For Instance:

On December, 2021, Covestro partnered with French non-profit firm on chemical recycling of polyurethane foam. Covestro and Eco-mobilier, a French eco-organization and non-profit have extended producer responsibility (EPR) schemer for the collection and recycling of used furniture, aspire to generate enhanced value aiming at mattresses and upholsteries. As part of its new collaboration with Eco-mobilier, Covestro intends to make use of a novel process compared to other chemical recycling approaches, which it has developed for recycling the foam chemically.

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Segmentation Analysis of the Market

By Chemical Composition:

Polyols
- Polyether Polyols
- Polyester Polyols
- Polycarbonate Polyols
- Others
Diisocyanates
- Toluene Diisocyanate (TDI)
- Methylene Diphenyl Diisocyanate (MDI)
Chain extenders
Catalysts
Other additives

By Application:

Foam Precursor
Coating & Adhesive Precursor
Elastomer Precursors
Others

By Industry Vertical:

Automotive
Furniture
Packaging
Construction
Others (Insulation, Textile)

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
The Middle East and Africa

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Global Portable Ultrasound Bladder Scanner Industry Expected to Surge to US$ 191.7 Million by 2028, with a CAGR of 6.1% | FMI Reports

Portable Ultrasound Bladder Scanner Market

In a recent market study conducted by Future Market Insights (FMI), the Global Portable Ultrasound Bladder Scanner Industry, valued at US$ 126.3 million in 2021, is poised for substantial growth, projected to reach US$ 191.7 million by 2028.

FMI analysts, in the course of their research for this report, have taken a comprehensive approach to assessing the global Portable Ultrasound Bladder Scanner Industry. Key stakeholders in the industry are directing their efforts towards the development of innovative and market-differentiated products to maintain and expand their market presence.

Manufacturers of portable ultrasound bladder scanners are committed to the creation of novel, cost-effective bladder scanner devices. Moreover, they are actively establishing strategic distribution agreements to broaden their geographic reach, with a particular focus on the dynamic Asia Pacific region.

This comprehensive report delves into the intricacies of the global portable ultrasound bladder scanner industry, studying seven crucial regions worldwide. It provides an in-depth market overview, along with valuable insights into market forecasts, driving factors, challenges, emerging trends, and promising opportunities.

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The pricing analysis presented in the report includes the weighted average pricing of a single portable ultrasound bladder scanner. A demand-supply gap analysis has been carried out involving both marketplace discussions and desk research to determine pricing premiums. A country-wise analysis scenario includes price projections across various countries. Manufacturers and suppliers play a pivotal role, particularly in the global portable ultrasound bladder scanner market and taking this into consideration, the value chain of the portable ultrasound bladder scanner industry has also been analysed in this report.

Our expert analysts have utilised PEST (Political, Economic, Social and Technological) analysis while drafting this report. Besides, a detailed global epidemiology of urological disorders has been included in the report to provide a clear picture of the market scenario across the globe.

In 2020, the items received CE certification and FDA approval from the United States. The least invasive, successful alternative to conventional endoscopic stricture treatments for male anterior urethral strictures is Optilume®.

Moreover, Laborie Medical Technologies Corp. (Laborie) purchased Pelvalon, Inc. in October 2021. Pelvalon produces cutting-edge technologies like the EclipseTM System, a non-surgical, patient-controlled device for women with faecal incontinence (FI).

The portable ultrasonography bladder scanning devices have undergone tremendous progress, which offers additional therapeutic recommendations.

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Unique report structure

Primarily, the report on the global portable ultrasound bladder scanner market presents an overview of the entire market for portable ultrasound bladder scanner devices across the globe. The overview is followed by a market taxonomy, where the global portable ultrasound bladder scanner industry is segmented on the basis of product, end user, and region. Future Market Insights has leveraged a bottom-up approach to assess market numbers for each product category and a top-down approach to counter-validate the reached numbers.

Macro-economic indicators such as healthcare industry outlook, healthcare spending, and prevalence of cancer have been considered to arrive at the indicated market numbers. The analyst team has also provided key strategic recommendations for both existing and new players in the global portable ultrasound bladder scanner industry to emerge sustainably profitable. The report further covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global portable ultrasound bladder scanner industry.

The report highlights company profiles of some of the key players and a strategic overview of mergers and acquisitions along with their expansion plans across different regions. The subsequent sections analyse the global portable ultrasound bladder scanner market on the basis of product type, end user and region, and present a comprehensive forecast for the period 2016–2026. The global portable ultrasound bladder scanner industry is segmented as follows:

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By Product

2D Portable Ultrasound Bladder Scanner
3D Portable Ultrasound Bladder Scanner

By End User

Hospitals
Diagnostic Centres
Clinics
Ambulatory Surgical Centres

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Author

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)

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Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Cancer Supportive Care Products Industry Sales Outlook and Demand Forecast From 2020 To 2030 | As per FMI

The global market for Cancer Supportive Care Products is poised for significant growth in 2020, with an approximate year-on-year increase of 4%. This growth is propelled by the increasing demand for effective solutions to manage chemotherapy-induced anemia, where erythropoietin-stimulating agents are at the forefront, commanding a significant share of the revenue.

Hospital Pharmacies Maintain Stronghold in Sales Through 2030

Cancer patients and healthcare providers continue to rely on hospital pharmacies as a reliable source of cancer-supportive care products. This trend is expected to persist and remain prominent throughout the next decade, ensuring that patients have ready access to the support they require.

Accelerated Use of Cancer Supportive Care Products in Leukemia Treatment

The utilization of cancer-supportive care products in the treatment of leukemia is expected to gain momentum in the coming years. This development reflects the evolving landscape of cancer care and the role of supportive products in improving patient outcomes.

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North America Leads the Way in the Global Cancer Supportive Care Products Industry

Over the next decade, North America is set to spearhead the global market for cancer-supportive care products. This region’s leadership is attributed to its advanced healthcare infrastructure, increasing patient awareness, and a robust commitment to cancer care.

In an environment where every healthcare choice matters, it’s essential not to pay for what you don’t need. Stay informed, make informed decisions, and ensure you have the most suitable supportive care products for your unique requirements.

Efforts to manage drug expenditure have channeled the focus towards cancer-supportive care products, especially in developed regions, where value-based health-technology assessments (HTAs) are prevalent.

The cancer supportive care products industry is characterized by a rapidly growing and globalized standard of medical care. Case in point, in non-small-cell lung cancer, the number of approved therapies was estimated to rise from 14 in 2009 to 22 by 2019.

This, coupled with limited data during accelerated approvals, implies that manufacturers are working in close collaboration with payers to create a value proposition for cancer-supportive care products.

Key Takeaways of Cancer Supportive Care Products Industry Study

Incidences of cancer have surged by around 26% among geriatric demographics compared to 10% among the remaining population
Adoption of cancer supportive care products to remain prominent in treating lung cancer
Pharma companies to invest 30% of their spending in cancer R&D to launch novel drugs and therapies in the marketplace
Market in Asia Pacific (APAC) to experience meteoric growth through 2030

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COVID-19 Impact on Cancer Supportive Care Products Industry

The COVID-19 pandemic has touched every facet of human life including, healthcare delivery for chronic disorders.

As such, these patients are highly susceptible to getting infected by COVID-19 due to their compromised immunity, putting cancer specialists and patients in a dilemma.

Several healthcare facilities are deferring “elective” screenings, surgeries, and other methods that are considered not urgent or not immediately fatal.

Such important decisions are taken on a case-to-case basis to make sure patients diagnosed with cancer are protected from contracting the coronavirus as well as to ensure that healthcare facilities are equipped with the resources necessary to treat cancer patients who are affected by the virus.

The COVID-19 crisis has disturbed the treatment pathways and in-progress care, thus, resulting in a temporary drop in demand for cancer-supportive care products.

“To address the untapped sections of society, several regulatory bodies are showing immediacy in granting approvals to certain cancer-supportive care products. Case in point, the US Food and Drug Administration (FDA) has approved Pfizer’s Nyvepria to help prevent infections in patients undergoing myelosuppressive chemotherapy,” says the analyst at FMI.

Cancer Supportive Care Products Industry – Competitive Intelligence

The cancer supportive care products market is highly competitive, with the presence of several small- and medium-sized players. Manufacturers are leveraging innovation into their best practices to have proper capabilities in place and stay ahead in the fast-growing and competitive arena.

Baxter International Inc. develops products under the business categories of renal Care, Medication Delivery, and Pharmaceuticals. The company develops REGLAN Injection, which is a metoclopramide injection.
Amgen Inc. makes and provides innovative human therapeutics – Neulasta, which is a PEGylated form of human granulocyte CSF.

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Want more insights?

Future Market Insights, in its new study, provides compelling insights about the cancer supportive care products market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030.

The report offers an unbiased assessment of the cancer supportive care products industry through four different categories – by drug class, by indication, by distribution channel, and by region.

The global cancer-supportive care products market research study delivers insights into pricing by different life cycle analyses, product life cycle, major market trends, and technologies that are being utilized in the development of cancer-supportive care products and product adoption in various end-use sectors

Author

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)

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North America’s Outbound Medical Tourism Soars to US$ 605.36 Billion, Unveiling a 25% CAGR Triumph By 2032 | Insights from FMI

North America Outbound Medical Tourism Services Market

In 2022, the North America Outbound Medical Tourism Services Industry is set to eclipse a remarkable US$ 65.0 billion, paving the way for extraordinary expansion. By 2032, FMI projects this industry to achieve an astounding US$ 605.36 billion, exhibiting an impressive 25% Compound Annual Growth Rate (CAGR).

Pioneering Growth Factors

The robust growth of the North American outbound Medical Tourism Services Market can be attributed to several pivotal factors, as noted by FMI. A large aging baby boomer population, a substantial uninsured demographic, and advancements in medical technology coupled with a broader array of treatment options are anticipated to steer revenue growth throughout the forecast period.

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2026: A Defining Milestone

The market valuation of the North America Outbound Medical Tourism Services Industry is poised for remarkable progression. In 2016, it was valued at US$ 15.53 billion, and this figure is forecasted to surge to a remarkable US$ 150.36 billion by 2026.

For further insights and a comprehensive understanding of the North America Outbound Medical Tourism Services Industry, the complete report by FMI, titled “Outbound Medical Tourism Services Market: North America Industry Analysis and Opportunity Assessment, 2016-2026,” is now available.

Economic factors such as rising rate of health insurance premiums, high cost of medical treatments in the U.S., and parallel tourism with medical treatment are expected to boost the growth of the North America outbound medical tourism services Industry between 2016 and 2026. The other factors impacting the North America outbound medical tourism services Industrys are long waiting time for specialist appointments in the U.S. and increasing preference for non-conventional treatment options.

The demand for cosmetic correction procedures and dental treatments has been significantly high in the U.S. market in recent years, making North America the most lucrative regional market for outbound medical tourism services. According to the International Society of Aesthetic Plastic Surgery, the U.S. was the largest market for cosmetic procedures in 2015.

Lack of effective follow-up care on returning home, rampant medical malpractices in medical tourism destinations, proliferation of superbugs in medical tourism destinations, problems associated with language barriers, and privacy concerns are some of the challenges anticipated to restrict revenue growth of the North America outbound medical tourism services markets over the forecast period.

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Segmentation highlights

The North America outbound medical tourism services Industry is segmented into the following therapeutic applications – Cosmetic Surgery Treatment, Dental Treatment, Cardiovascular Treatment, Orthopaedic Treatment, Cancer Treatment, Fertility Treatment, Weight Loss Treatment, Spinal Surgery Treatment, Neurology Treatment, and Other General Treatment.

The Cosmetic Surgery Treatment segment is estimated to be valued at US$ 3,760.9 Mn by 2016 end The Cancer Treatment segment is anticipated to register a CAGR of 22.0% over the forecast period The Orthopaedic Treatment segment is estimated to create absolute $ opportunity of US$ 1,658.9 Mn in 2017 over 2016

Regional forecast:

The North America outbound medical tourism services Industry is segmented into the two top countries of U.S and Canada. U.S. is projected to occupy a major share in the North America outbound medical tourism services markets in terms of value.

The U.S market is anticipated to be valued at US$ 14.98 Bn by the end of 2016. In terms of value, U.S. is expected to be the dominant regional market by 2026 end and is expected to register a CAGR of 25.7% over the forecast period.

Canada is expected to have comparatively less market potential for outbound medical tourism services, registering a CAGR of 18.1% over the forecast period.

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Vendor insights:

The report profiles some of the top companies operating in the North America outbound medical tourism services Industry.

Leading market players featured in the report are Apollo Hospital Enterprise Limited, Bumrungrad International Hospital, KPJ Healthcare Berhad, Christus Muguerza Hospital, WorldMed Assist, Mednamaste, and Global Medical Tourism Inc.

Major market players are adopting strategies such as market expansion and strategic alliances to maintain their market share.

Some of these companies are also adopting strategies such as backward integration to support their core business of medical tourism.

Companies are offering services such as insurance and financing for medical tourism and are looking to expand their global footprint by enhancing their foreign customer base.

Market segmentation

By Therapeutic Application:

Cosmetic Surgery Treatment
Dental Treatment
Cardiovascular Treatment
Orthopaedic Treatment
Cancer Treatment
Fertility Treatment
Weight Loss Treatment
Spinal Surgery Treatment
Neurology Treatment
Other General Treatment

By Region:

U.S
Canada

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Author

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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Global Coronary Stents Industry on Track to Achieve US$51.2 Million Valuation by 2032 with 5.1% CAGR, | According to FMI

The Global Coronary Stents Industry is on a trajectory to attain a significant valuation of US$ 51.2 million by the year 2032, exhibiting a steady compound annual growth rate (CAGR) of 5.1% from 2022 to 2032. In 2022, the market is expected to hit an estimated value of US$ 33.36 million.

The market’s growth is primarily attributed to the mounting geriatric population, the increasing prevalence of cardiovascular diseases, and the surge in lifestyle-related health issues, such as diabetes, obesity, and other medical conditions. This robust expansion of the coronary stents industry is anticipated throughout the forecast period.

Key drivers of this growth include the heightened awareness of the numerous advantages associated with stenting procedures. These procedures are known to lead to a significant improvement in blood flow and provide protection against further damage to the heart muscle, thereby contributing to the market’s remarkable progression. Moreover, stenting is instrumental in alleviating the symptoms of heart disease, including angina and shortness of breath, ultimately reducing the need for more invasive coronary bypass surgery. Consequently, both medical practitioners and patients are increasingly favoring stenting as it is minimally invasive and facilitates a relatively swift post-operative recovery period.

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Furthermore, a rise in the global geriatric population is leading to a larger patient pool with serious cardiovascular diseases. Again, hypertension is arising as a grave public health concern. Obesity, too, adds to this burden as one of the primary risk factors accountable for different cardiovascular diseases worldwide.

Coronary stenting is prescribed to patients who are suffering from coronary artery blockage. Though angioplasty is the first line of treatment for patients with acute coronary artery blockages while the number of patients undergoing stenting has been increasing steadily over the last ten years. This is owing to the rise of outpatient coronary stenting procedures, which shortens long hospital stays. Additionally, a large number of cardiologists prescribing stenting procedures for patients with CAD is a prime factor that will likely fuel revenue growth of the coronary stent market during the forecast period.

“Increasing cases of lifestyle diseases like obesity and diabetes often result in heart issues which, in turn, supplements the global growth of the coronary stents industry over the forecast period,” says an FMI analyst.

Key Takeaways:

Rising awareness of the benefits associated with stenting will strengthen market prospects.
Prevalence of alternative treatment methods, product failure, and recalls are certain factors that may hamper market growth.
Growing cases of coronary artery diseases propel the coronary stent market in the United States.
Favorable government support for the healthcare sector will present new market opportunities in China.

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Competitive Landscape

Abbott, Medtronic, Boston Scientific Corporation, Terumo Corporation, B Braun Melsungen AG, Biotronik, Stentys SA, MicroPort Scientific Corporation, C. R. Bard, Inc., and Cook Medica among others are some of the major players in the coronary stents market profiled in the full version of the report.

Key market players are focusing on product upgradation and offering new features to meet the rising consumer demand. These organizations are employing strategies like new product releases, partnerships, collaborations, mergers, and acquisitions to gain a competitive advantage.

More Insights into Coronary Stents Industry Report

In its latest report, FMI offers an unbiased analysis of the global coronary stents industry, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (drug eluting stent (DES), bare metal stent (BMS), bioresorbable vascular stent (BVS)), raw material (cobalt chromium, stainless steel, platinum-chromium, nickel-titanium, polymer), end user (hospitals, ambulatory surgical centers, cardiac catheterization laboratories), and region.

According to the latest FMI reports, based on region, China’s coronary stent market will likely exhibit an impressive growth rate during the observation period due to favorable government support for the healthcare sector. The coronary stent market in the United States is anticipated to demonstrate substantial growth over the forecast period. The rising prevalence of coronary artery disease is spurring the demand for interventional cardiology treatment in this country. Sedentary lifestyles, smoking, poor dietary habits, and pollution often contribute to increasing cases of cardiovascular diseases. All of these factors are expected to drive the demand for the target market during 2022-2032.

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Key Segments Covered in the Coronary Stents Industry Analysis

By Product:

Drug Eluting Stent (DES)
Bare Metal Stent (BMS)
Bioresorbable Vascular Stent (BVS)

By Raw Material:

Cobalt Chromium
Stainless Steel
Platinum – Chromium
Nickel – Titanium
Polymer

By End User:

Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Laboratories

Author

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)

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Hypercalcemia Treatment Industry on the Rise, Set to Reach US$55.07 Billion by 2033 with 11.8% CAGR

The Global Hypercalcemia Treatment Industry is on a resolute trajectory, with a predicted valuation of US$ 18.07 billion by the close of 2023. An impressive Compound Annual Growth Rate (CAGR) of 11.8% underpins this forecast. This steady ascent indicates that the market could surge to an impressive US$ 55.07 billion by 2033.

Key Market Trends

Enhanced Hypercalcemia Prognosis and Early Detection: Technological advancements have led to improved prognosis and early detection methods for high calcium levels in the blood. These developments are driving a paradigm shift in hypercalcemia management.
Innovative Medications on the Horizon: Market players are increasing their investments in research activities to develop novel and more effective hypercalcemia medications. This wave of innovation promises enhanced treatment outcomes for patients.
Collaboration for Comprehensive Care: Hospitals and healthcare institutes are forging collaborations with private entities specializing in hypercalcemia pharmaceuticals. This synergy aims to provide patients with comprehensive, state-of-the-art care.
Rise of Healthcare Service Providers: Hypercalcemia emerging therapies are catalyzing the expansion of healthcare service providers. These providers are adopting the latest treatments to better serve the growing patient population.
Addressing Adverse Effects: While the market is poised for remarkable growth, it also faces the challenge of addressing drug-related adverse effects. Developing safer and more effective treatment options remains a priority.

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The report on the global hypercalcemia treatment industry begins with a definition of hypercalcemia treatment and the various types of products used in hypercalcemia treatment. It is followed by an overview of global hypercalcemia treatment market dynamics, which includes FMI’s analysis of key trends, drivers, restraints, and opportunities influencing global hypercalcemia treatment industry growth. Following a detailed analysis of individual regions, the global hypercalcemia treatment market report includes an impact analysis of key growth drivers and restraints based on a weighted average model to better equip readers with meaningful insights on ongoing market developments.

The increasing prevalence of hyperparathyroidism-related hypercalcemia, the increasing number of cancer patients, the higher incidence of multiple myeloma, the availability of appropriate drug therapy alternatives to surgery, a favorable reimbursement scenario, and drug therapies to avoid kidney failure are the primary factors driving demand for hypercalcemia treatment. However, the primary factors impeding hypercalcemia treatment industry growth are patient location, hypercalcemia drug adoption, and cost recovery from a small patient population.

Based on product type, the market has been segmented into bisphosphonates (clodronate, etidronate, ibandronate, pamidronate, and zoledronic acid), calcitonin, glucocorticoids, denosumab, and calcimimetics. A detailed analysis has been provided for these segments in terms of market size, Y-o-Y growth rate, absolute $ opportunity, and BPS analysis.

The market has been divided into hospitals, clinics, independent pharmacies, and drug stores based on the distribution channels. According to our analysis, revenue from the independent pharmacy and drug stores segment will grow at a relatively fast rate, and the segment will contribute significantly to the distribution of hypercalcemia drugs during the forecast period. Because of the novel and easy availability of hypercalcemia treatment drugs worldwide, the hospital distribution channel segment is expected to generate relatively high revenue.

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The following section of the report examines the hypercalcemia treatment market by region and forecasts the market from 2016 to 2032. The report also discusses key regional trends that are contributing to the global hypercalcemia treatment industry’s revenue growth, as well as the impact of drivers and restraints in each region. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa are among the key regions examined in this report (MEA).

The above sections – by product type, distribution channel, and region — evaluate the present scenario and growth prospects of the hypercalcemia treatment industry for 2016–2032. We have considered 2015 as the base year and provided data for the forecast period, i.e., 2016–2032.

To ascertain the hypercalcemia treatment market size, we have also considered revenue generated by companies operating in the hypercalcemia treatment industry space. The forecast presented here assesses the total revenue by value across the hypercalcemia treatment industry. To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the hypercalcemia treatment industry is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on the supply side, downstream industry demand, and the economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze them based on key parameters such as Year-on-Year (Y-o-Y) growth rates. This is imperative to understand the predictability of the market and to identify the right opportunities across the global hypercalcemia treatment industry.

The hypercalcemia treatment market has been segmented based on product type, distribution channel, and region. These segments are analyzed in terms of Basis Point Share (BPS) to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for identifying various key trends in the global hypercalcemia treatment industry.

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Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is normally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as for identifying potential resources from a sales and delivery perspective.

To understand key segments in terms of growth and adoption for hypercalcemia treatment drugs globally, FMI has developed the hypercalcemia treatment market ‘Attractiveness Index’. The resulting index is expected to help providers identify real market opportunities in the global hypercalcemia treatment industry.

In the final section of the report on the global hypercalcemia treatment industry, ‘Competitive Landscape’ is included to provide report audiences with a dashboard view, based on categories of drug developers in the hypercalcemia treatment industry space and key differentiators. Key categories of providers covered in the report are companies developing hypercalcemia treatment drugs. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the hypercalcemia treatment value chain and the potential players for the same. Report audiences can gain segment-specific company insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and successes in the hypercalcemia treatment marketplace.

Detailed profiles of the hypercalcemia treatment developing companies are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, SWOT analysis, and recent developments in the global hypercalcemia treatment industry.

Key companies covered in the report are Bayer Pharma AG, Sun Pharmaceutical Industries Ltd., Mylan N.V., Pfizer Inc., Amgen Inc., Novartis AG, Dr. Reddy’s Laboratories Ltd., and Cipla Inc.

Author

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)

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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United States Glass Container Market Soars with a 5% CAGR, Valued at US$150 Billion in the Forecast Period

The United States’ glass container market is thriving, projected to achieve a 5% Compound Annual Growth Rate (CAGR) with a valuation of US$150 billion. The dominance of established vendors, coupled with significant alcohol consumption among the 18-year-old population, fuels growth. Manufacturers’ innovation in container shapes and sizes further drives market expansion. Notable investments by industry leaders such as Nestle, SABMiller, Carlsberg, PepsiCo, Diageo, MillerCoors, and Saxco International are contributing to this upward trajectory. In the historical period from 2017 to 2022, the market achieved a commendable 4.7% CAGR.

The global glass container market is experiencing substantial growth due to its eco-friendly and recyclable properties, making it a preferred choice for packaging in various industries. Glass containers offer unmatched purity and preservation, making them ideal for storing food, beverages, pharmaceuticals, and cosmetics. The growing demand for sustainable and premium packaging solutions, coupled with increasing consumer awareness about environmental concerns, drives market expansion.

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Additionally, the rising preference for glass over plastic and metal containers, as well as the surge in the alcoholic beverage and food delivery sectors, further boosts market demand. Technological advancements in glass manufacturing and innovative designs also contribute to the market’s growth trajectory.

The global glass container market is expected to grow at a CAGR of 5.2% from 2023 to 2033. The growth of the market is attributed to the increasing demand for glass containers in the beverage packaging, food & personal care, and pharmaceutical industries. Glass containers are inert and non-reactive, making them ideal for storing food and beverages. They are also recyclable and sustainable, which is driving their demand in the packaging industry.

The market for glass containers is anticipated to reach a valuation of US$ 61.5 billion in 2023 and US$ 102.5 billion by 2033. During the projection period, a CAGR of 5.2% is expected in the market.

The beverage packaging segment is expected to be the largest market for glass containers. The growth of this segment is driven by the increasing demand for alcoholic beverages, juices, and soft drinks. The food & personal care segment is also expected to grow at a significant rate due to the increasing demand for glass containers for storing food, cosmetics, and toiletries.

The Asia Pacific region is expected to be the fastest-growing market for glass containers. The growth of the market in this region is attributed to rising disposable income, increasing urbanization, and growing consumer preference for aesthetic packaging.

key trends:

Increasing demand for sustainable packaging
Growing popularity of glass bottles for alcoholic beverages
Rising demand for glass containers in the food & personal care industry
Technological advancements in glass manufacturing
Expansion of glass container production capacity

The glass container market is a dynamic and competitive market. The key players are constantly innovating and introducing new products to meet the changing demands of the customers. The market is expected to witness significant growth in the coming years.

The following are some market-influencing factors:

The demand for glass containers is increasing as a result of urbanization, rising disposable income, and aesthetic preferences among customers.
Glass containers are becoming more popular as people desire more luxurious aesthetics, eye-catching settings, and home décor.
The market is expanding as a result of the end-users significant increase in demand for glass containers for candle jars and light dazzling bottles.
The need for glass containers among consumers to preserve food products like pickles, sauces, and other components to improve their quality is a major driver of market expansion.
Manufacturers of food and beverages are using more glass containers to package their products transparently.
Market opportunities are being fueled by increasing key marketers and expanding design container trends.
Glass bottle sales for milk are becoming more popular among dairy owners, and the market for associated products is growing.
The market opportunities are being driven by the expansion of low-cost labor, investment, and R&D activities.

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This market is expected to gain momentum in the upcoming future, as demand for the luxury packaging market is gaining importance across the world.

With US estimated to remain as one of the most lucrative markets throughout the course of the forecast period, Asian countries like China will drive the market in the projected years. Due to the COVID-19 outbreak there have been an increase in demand for medical equipment’s and glass made items like ampoules, vials, bottles, and others in China. The demand increases with the surge in the number of COVID-19 cases. Besides that, many factors like the increase in consumption of alcoholic beverages is expected to fuel the market growth further.

“The need for establishing production lines with advanced systems so as to respond to increasing requests for customization with high efficiency and small lead time have left profound impact on the market. These efforts have been historically crucial in fuelling the demand for glass container.” Remarks Future Market Insights analysts.

Key Takeaways:

By product type, lightweight bottles will be highly preferred by industries and customers alike, owing to the change in behaviour pattern in consumers and rising environmental concerns

As glass is chemically inert, demand for pure, green and sustainable packaging is driving sales of glass containers.
US to be a lucrative market, owing to its increase in alcohol, malt beverage and juice consumption by its people.
Germany is expected to remain one of the highly valuable market for glass containers, because the distribution of alcohol consumption is heavily concentrated in the country.
France to show a significant rise in sales due to the demand of luxury packaging items for cosmetics industry.
UK to show a steady Y-o-Y growth as glass accounts for a major share of soft drink packaging.

Glass containers market: prominent drivers

Increase in the rise of the beverage and luxury items industry, which is steering the growth of glass containers market.
Rising healthcare spending will create lucrative opportunities and provide a significant ground for the proliferation of glass manufacturers across key regions.
Glass bottles are estimated to dominate the market, according to product type, due to the packaging demand from the beverage industry.
Amber glass containers are expected to gain popularity due to its protection against the UV rays
Vendors are focusing on environmental sustainability concerns, which will increase the demand of lightweight packaging, thereby minimizing the use of raw materials and the expense of logistics.

Key restraints:

Reluctance of the consumers to dine out due to the pandemic fear still continues to pose as a problem in the industry’s growth from the food and beverage section.
Glass, being brittle in nature, faces the risk of getting broken during the shipment of these items, which makes it unfavourable to be transported over long distances, as compared to the plastic containers.
Glass is also more dangerous when broken as compared to other packaging material. Broken glass can cut a person’s skin and can at times, also be life-threatening. This is a danger that is very true for those working in factories, shops and even transportation and packaging operative who are responsible in handling them.

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Competitive Insights

There is a preference of the glass containers over metal and plastic ones due to rising environment concerns. This surge in demands will create the entries of new companies into this sector and the key market players are projected to continue their expansion during the years 2021-2031

Segmentation by Category:

By Product Type:

Glass Bottle
Glass Jar
Glass Vial
Candle Glass Container

By Color:

Amber Glass Container
Blue Glass Container
Clear Glass Container
Frosted Glass Container
Other Colored Glass Container

By End-use Industry:

Cosmetic & Perfumes
Pharmaceuticals
Food Packaging
Beverage Packaging
Other Products

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

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

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