Medical Protective Equipment Market is projected to reach US$ 52.8 billion in 2033 | FMI Study

The global medical protective equipment market is predicted to register a CAGR of 9.5% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 21.3 billion in 2023 to US$ 52.8 billion by 2033 end.

The medical protective equipment market is being driven by the surging demand from healthcare facilities. Key players in the market have concentrated their focus on enhancing their product offerings in face masks, face shields, gowns, and gloves. The companies are also emphasizing on expanding the production capacities of the product to contribute towards the overall market growth.

The stringent governmental norms and heightened concerns towards health and safety are projected to induce end users to invest in medical protective equipment. Thereby, driving the medical protective equipment industry forward. Additionally, medical protective equipment helps decrease the exposure to hazards that can lead to serious health issues. Growing awareness regarding the benefits of shielding via medical protective equipment is projected to accelerate market expansion in the upcoming years.

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Since maintenance of hand hygiene is considered important to avoid getting infected by infectious diseases, the demand for gloves is surging significantly. Also, medical gloves are used to safeguard the wearer as well as other patients from spreading the infection or illness during medical procedures or examinations. Increasing surgical procedures over the forthcoming years is projected to boost the sales of medical gloves, thus shaping the medical protective equipment industry.

Key Highlights of the Medical Protective Equipment Market:              

  • The United States holds a large share of the medical protective equipment market. The same trend is projected to be followed in the forthcoming years, as the country is projected to attain US$ 13.8 billion by 2033. The estimated CAGR for the forecast period is 7%.
  • In the Asia Pacific, China is expected to secure a significant position in the forecast period. The country is anticipated to reach US$ 2.9 billion by 2033, registering a CAGR of 11% in the meantime.
  • The United Kingdom is predicted to garner market revenue of US$ 2.2 billion by 2033. The market is predicted to expand at a CAGR of 9.5% over the forthcoming years.
  • The gloves segment is expected to exhibit a CAGR of 8.9% over the forecast period. Growing demand for surgical disposable gloves approved by FDA is propelling the gloves segment forward.

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News Featuring Market Developments by Key Players of Medical Protective Equipment Solutions:

  • In March 2022, Ansell Ltd., a leading provider of personal protective equipment, joined the global players working in the rubber glove industry to establish Responsible Glove Alliance (RGA). The role of RGA is to ensure protection of workers susceptible to forced labor in supply chains, especially within medical supply industries. The initial focus of RGA would be manufacturing industry of rubber glove in Malaysia. This is due to the fact that Malaysia is world’s leading producer of rubber gloves, and relies extensively on migrant labor.
  • In March 2022, Dynarex Corporation, extended its durable medical equipment (DME) portfolio to meet the surging demands from long-term care and home-care marketplaces. The offerings of DME includes premium solutions for a range of requirements, such as home care beds, lifts and slings, mattresses, mobility, wheelchairs, etc. and long-term care.
  • In February 2022, Kimberly-Clark Worldwide, Inc. officially revealed its innovative ICON™ dispenser collection. These dispensers provide design customization, along with patented technology to supply a 99.99% jam-free, more efficient, virtually noise-free paper towel dispensing experience.

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Medical Protective Equipment Market by Category

By Product Type:

  • Gloves
  • Protective Clothing
  • Gowns
  • N95 Respirators
  • Surgical Masks
  • Goggles
  • Face Shields
  • Head Cover
  • Shoes Covers

By Usage:

  • Disposable
  • Non-disposable

By End User:

  • Hospitals
  • NGO’s/ Government Organization
  • Ambulatory Surgical Centers
  • Specialized Clinics
  • Diagnostic and Research Laboratories

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Ablation Devices Market size is anticipated to total US$ 12.6 Billion by 2033 | Exclusive Report by FMI

The global ablation devices market is anticipated to reach US$ 4.4 Billion in 2023. The market could grow at a promising CAGR of 11.1%, attaining a market valuation of US$ 12.6 Billion by 2033.

Key Factors Aiding the Growth of the Ablation Devices Market Between 2023 and 2033:

  • Wide adoption of minimally invasive surgical processes, owing to lesser patient trauma and recovery time
  • Wide utility in oncology, as incidences of cancer rise globally
  • Increasing consumer demand for radio-frequency-based ablation devices during the forecast period
  • Recent technological innovations such as heat-based ablation devices are aiding in consumer base expansion as well as application

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 Ablation Devices Offer Advantages Over Traditional Surgical Procedures

Ablation devices offer minimally invasive procedures, which are less painful than traditional surgical procedures. Hence the recovery time is also shorter. The damage incurred to the surrounding tissues shall also be minimal. This has bolstered consumer preference for the product.

Expansion of Product Application Warrants Key Innovations

The application of ablation Devices for large and bulky tissues isn’t possible currently. This includes sensitive areas such as the bone and neck nodules. Ablation treatment is yet to garner wide availability in remote locations. Hence, many patients belonging to low-income groups could have restricted access to ablation treatments.

Hence, key players must consistently work on developing alternatives that are more efficient with diverse applications. By making these new variants more affordable and easily accessible, key players can attract a larger consumer base. The heavy investments being channeled by key players into research and development could be beneficial for overcoming such market restraints, in the foreseeable future.

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Key Takeaways from the Report :

  • Between 2017 and 2022, the market recorded a CAGR of 9.8%, attaining a valuation of US$ 4.9 billion in 2022.
  • During the forecast period, the United States market is expected to grow at a CAGR of 11.0%, to reach a valuation of US$ 4.0 billion by 2033.
  • The United Kingdom market is projected to grow at a CAGR of 12.6% between 2023 and 2033.
  • The top segment by product type, the advanced ablation catheters, is expected to grow at a CAGR of 10.7%.
  • By technology, the radiofrequency segment dominates the market and is anticipated to grow at a CAGR of 10.1%.

Key Market Developments:

  • In February 2022, Ra Medical Systems secured the patent for its latest innovation: a support catheter. The product can easily be combined with any small flexible liquid core catheter, facilitating laser ablation.
  • In November 2021, Hologic, Inc., launched the NovaSure V5 Global Endometrial Ablation (GEA). This latest innovation is crafted with EndoForm technology. The product can accommodate different types of anatomical variability and cervical canals.
  • In August 2019, Boston Scientific Corporation launched its advanced cryoablation system which is known as ICEfx™. The specialty of this device is that it is a more compact, portable alternative to older versions.

Key Players:

  • Boston Scientific Corporation
  • Medtronic plc
  • Abbott Laboratories
  • Johnson and Johnson
  • AngioDynamics Inc.
  • Biotronik SE & Co. KG.
  • Japan Lifeline Co.
  • CathRx Ltd.
  • AtriCure, Inc.
  • Hologic, Inc.

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Ablation Devices Market by Category

By Product Type:

  • Bipolar Energy Ablation Devices
  • Cryotherapy Ablation Devices
  • Hydrothermal Ablation (HTA) Devices
  • Thermal Balloon Ablation Devices
  • Advanced Ablation Catheters
    • Cryoablation Catheters
    • Irrigated tip RF Ablation Catheters
    • Laser Ablation Catheters
  • Standard Ablation Catheters
    • Conventional Radiofrequency Ablation Catheters
  • MRI Guided Neurosurgical Ablation
    • MRI Guided Laser Therapy Systems
    • MRI Guided RF Ablation Systems
    • MRI Guided Focused Ultrasound Systems
    • Accessories

By Technology:

  • Laser
  • Radiofrequency
  • Microwave
  • Ultrasound
  • Others

By Application:

  • Cardiovascular
  • Cancer
  • Urological
  • Ophthalmic
  • Others

By Functional:

  • Automated Robotics
  • Conventional

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Padded Dividers Market: Increasing Need for Safe and Secure Transportation of Fragile Goods Drives Industry Growth by 2032

The market for padded dividers is expected to reach a value of US$ 3.5 billion in 2022 and US$ 8.1 billion in 2032. During the projected period from 2022 to 2032, it is anticipated to demonstrate growth at a CAGR of 11.3%. Sales of padded dividers are probably going to increase during the evaluation period due to the e-commerce industry’s quick growth and the increased demand for pricey goods like cameras.

Padded dividers are protective inserts used to keep your delicate and valuable items safe during transport. These dividers are made from materials like foam, felt, or other soft materials that provide cushioning and protection against impact, scratches, and other damages. They come in various shapes and sizes and can be customized to fit any size or type of equipment.

Padded dividers are primarily used to separate the fragile items packed into a single package. When placed inside a box, padded dividers act as a frame. Padded dividers prevent the packaged products from touching each other and offer cushioning against movement. The cushioning offers the products a proper isolation from shocks. Therefore, padded dividers play a key role during safe transit as the packaging of delicate and fragile items is a major concern for manufacturers.

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Global Padded Dividers Market: Regional Outlook

Among the key countries, China and India are projected to register higher growth in the global padded dividers market. Revenue from developed countries, such as the USA and Germany, is expected to collectively account for a higher share during the forecast period. Increase in the demand for padded dividers for the transportation of fragile goods in China is expected to drive the padded dividers market.

Global Padded Dividers Market: Key Manufacturers

  • Pelican Products Inc.
  • Nanuk
  • Seahorse Protective Cases
  • SKB Cases
  • GWP Group
  • B&W International
  • Topper Cases

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Padded Dividers Market: Segmentation

Global padded dividers market is segmented on the basis of type:

  • Long Dividers
  • Short Dividers

Global padded dividers market is segmented on the basis of Material:

  • Polymer
  • PET
  • PP
  • HDPE
  • Foam

Global padded dividers market is segmented on the basis of end-use:

  • Pharmaceutical
  • Industrial
  • Military
  • Glass Industry
  • Camera & Components
  • Others

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Key Benefits

  • This report provides a quantitative analysis of the current [KEYWORD] market trend, market opportunities, estimations, and dynamics of the [KEYWORD] market analysis from 2023 to 2033 to identify the prevailing [KEYWORD] market opportunities.
    The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the [KEYWORD] market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global electrostatic discharge (esd) packaging market trends, key players, market segments, application areas, and market growth strategies.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Surgical Tourniquets Market is expected to reach US$ 812.2 Million by the end of 2029

FMI’ analysis expects the surgical tourniquets market to grow at ~8% CAGR through to 2029, driven a surge in the number of trauma cases over the years lined with rising demand for effective device to stop arterial bleeding during surgical procedures. Analysts also expect that automatic machines and robotic technologies are likely to bring a paradigm shift in operative procedures, which should push the manufacturers to innovate their products and develop strategies to attract and retain a new segment of customers.

Worldwide sales of surgical tourniquets will increase by 7.5% year-over-year to reach ~US$ 381 million in 2019, up from ~US$ 355 million in 2018, according to the latest research from Future Market Insights (FMI).

Surgical tourniquets have long been reliable to establish a bloodless field of operation for surgeons while maintaining a high level of safety for patients. However, the risk of surgical-site infections as well as tourniquet-related injuries, particularly due to the application of high pressures and high pressure gradients to the patient, remains a potential threat to the market growth.

In an attempt to reduce the risks associated with higher tourniquet pressures, manufacturers are placing their bets on products innovations and introduction of novel features such as automatic pressure control, audiovisual alarms, digital displays, and easy-to-use user interface.

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Sales of Tourniquet Cuffs to Ramp up in 2019

According to the FMI analysts, tourniquet cuffs have been a vital part of the modern computer-assisted tourniquet system, which accounted for ~77% of total market revenue in 2018. While the inflatable disposable cuffs represented more than half of the total tourniquet cuff sales in 2018, the consumption of inflatable reusable cuffs is likely to increase 7.6% y-o-y in 2019.

“In terms of tourniquet systems, dual channel systems will continue to represent a relatively high share as compared to single channel systems, in the view of enabling bi-lateral procedures or simultaneous surgeries of both upper and lower extremity,” the FMI analyst said.

The consumption of surgical tourniquets for knee arthroplasty accounted for ~31% sales in 2018, while increasing application in amputation of limbs and trauma cases is likely to result in increased market share in the future.

“Recent advancements in reverse shoulder arthroplasty along with the introduction of ‘personalized’ tourniquet systems that allow the use of variable contour design and cuffs for specific patients will open new avenues of growth for the market players,” said the FMI analyst.

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Hospitals Capture Significant Share, North America in the Vanguard

In 2018, surgical tourniquets worth ~US$ 176 million were sold in hospitals; according to the FMI analysts, growing number of hospitals, especially in developing countries, and greater awareness of advanced medical devices will continue to drive the consumption of surgical tourniquets in hospitals.

Rapid adoption of ‘value-based’ model in health care settings have led to a surge in the number of ambulatory surgical centers and specialized clinics, thereby paving a new way of growth for the surgical tourniquets market.

The FMI analyst forecasts that North America will continue to remain at the forefront of surgical tourniquets market, representing 30% share in 2018. While North America is likely to be neck-and-neck with Europe to lead the market in future, manufacturers are tapping into new opportunities in developing countries in Asia Pacific.

The surgical tourniquets market shows a fair level of fragmentation, with two prominent players including Zimmer Biomet and Stryker Corporation accounting for more than one-third of the total revenue share. Exploring unmet needs in developing regions and expanding their distribution through collaboration and acquisitions of local and regional manufacturers remain key focal points of the market players.

Key Segment

By Product Type

  • Tourniquet Systems
    • Single Channel Systems
    • Dual Channel Systems
  • Tourniquet Cuffs
  • Inflatable Cuffs
    • Disposable Cuffs
    • Reusable Cuffs
  • Non-Inflatable Cuffs
    • Disposable Cuffs
    • Reusable Cuffs

By Application

  • Knee Arthroplasty
  • Amputation of Limbs
  • Plastic Surgeries
  • Trauma Cases

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized Clinics

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By Region

  • North America
  • Europe
  • Latin America
  • South Asia
  • East Asia
  • Oceania
  • Middle East And Africa
  • Emerging Countries

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Exophthalmos Treatment Market is expected to grow at a steady 8.2% CAGR, reaching a value of US$ 598 Million by 2033

In fiscal year 2023, the market for exophthalmos treatment is anticipated to be valued US$ 271.8 million, up from US$ 251.2 million in fiscal year 2022. The worldwide market is anticipated to increase steadily between 2023 and 2033, increasing its value to US$ 598 million by the end of that year.

Graves’ illness is most frequently to blame for exophthalmos. Ocular involvement will occur in about 25 to 50 percent of people with this condition. It’s noteworthy to note that ocular dysfunction may occur up to 20 years after the diagnosis of a thyroid problem or up to 10 years before. From 2023 to 2033, these disorders were a key factor in the exophthalmos therapy.

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A research by Biomed Central Ltd, which was released in September 2020, found that the prevalence of exophthalmos illness patients worldwide was around 10.36% for hypothyroidism, 7.9% for euthyroidism, while 86.2% for hyperthyroidism. As a result, the rising incidence of exophthalmos illness among people is boosting market growth globally and is predicted to do so in the future, propelling the expansion of the studied market throughout the forecast period.

Region-wise, the North American region is expected to be the most lucrative market for exophthalmos diseases. According to figures from the American Academy of Ophthalmology that were published in July 2022, approximately 18 in 100,000 Americans suffer exophthalmos illness. At the same time, novel drug and treatment developments have also been pushing the regional market towards new heights. Such developments are expected to open up new opportunities for the regional manufacturers during the forecast period.

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Key Takeaways from the Market Study

  • The market for exophthalmos treatment expanded at a CAGR of 6.4% during the historical period of 2018 to 2022.
  • The market for exophthalmos treatment is expected to grow steadily from 2023 to 2033, at a 8.2% CAGR.
  • It is projected that the non-surgical segment by treatment type will dominate in 2023 with a 53% revenue share.
  • With a 25% market share in 2023, the specialty clinic sector by end-user will hold the second-largest segment throughout the projected period.
  • From 2023 to 2033, the North American region is expected to expand at a constant CAGR of 8.7%.
  • From 2023 to 2033, the Asia Pacific exophthalmos treatment market is anticipated to expand at a stable CAGR of 7.1%.

“The increasing incidences of hyperthyroidism along with Graves’ disease have been accelerating the growth of the global exophthalmos market during the forecast period.” comments a Future Market Insights analyst.

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Competitive Landscape

Some of the top players in the global exophthalmos disease market are:

  • EyeBiotech Ltd.
  • Eyevance Pharmaceuticals
  • Sling Therapeutics
  • Competition Deep Dive
  • AbbVie
  • Alcon
  • Avik Pharma
  • Anuh Pharma Ltd.
  • Pfizer CentreOne
  • Pipelinepharma
  • Mylan N.V.
  • Manus Aktteva Biopharma LLP
  • Roche

Some of the recent developments in this domain are:

  • EyeBiotech Ltd., a privately owned ophthalmology biotechnology business seeking to develop a new generation of eye disease therapeutics, announced the successful conclusion of a $65 million Series A fundraising round in 2022. Samsara BioCapital, Jeito Capital, and SV Health Investors spearheaded the round, with additional funding provided by MRL Ventures. A multinational team of executives as well as investors with a long history of creating ground-breaking ophthalmology medicines are brought together for the Series A.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global exophthalmos treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights on the basis of treatment (non-surgical treatment and surgical treatment), by end-user (hospitals, specialty clinics and others) & region.

Key Segments Covered In The Exophthalmos Treatment Market Report

Exophthalmos Treatment Market By Treatment:

  • Non-surgical Treatment
    • Sympathomimetic Amines
    • Corticosteroids
    • Secondary Metabolites
    • Monoclonal Antibodies
    • Radiotherapy
  • Surgical Treatment
    • Orbital Decompression
    • Eye Muscle Surgery
    • Eyelid Surgery

Exophthalmos Treatment Market By End User:

  • Hospital Pharmacies
  • Specialty Clinics
  • Others

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
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Small-scale Bioreactors Market size is projected to stand at US$ 7.71 billion by 2033

The global small-scale bioreactors market is predicted to register a CAGR of 14.8% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 1.94 billion in 2023 to US$ 7.71 billion by 2033 end.

New therapies are expected to be increasingly developed in the coming years due to the increased likelihood demand for dedicated manufacturing processes. These processes can be successfully achieved by the use of small-scale bioreactors, consequently leading to their high demand.

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As the years go by, automation and control systems are constantly improving alongside. As a result, it is expected to become easier to optimize and regulate small-scale bioreactors, making them more cost-friendly and efficient.

Moreover, heightened adoption of ceaseless manufacturing processes has been witnessed. Thus, gaining popularity in the pharmaceutical industry is aptly suited for the use of small-scale bioreactors. The booming pharmaceutical industry is expected to be favorable for these bioreactors in the years to come.

Advances in gene and cell therapies and their consequent approval by relevant authorities are expected to enhance the market scope for small-scale bioreactors. This can be ascribed to the increasing demand for scalable and versatile manufacturing processes. Thus leading to successful recognition by the use of small-scale bioreactors.

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Immunization campaigns throughout the world over are expected to enhance product sales in the stipulated time frame. Moreover, government bodies across the world are financially supporting biopharmaceutical research. For instance, in April 2020, the government of South Korea allocated US$ 250 million to introduce the Vaccine Innovative Technology Alliance (VITAL). This is expected to help with vaccine production, research, and use.

Going forward, the demand for personalized medicine is anticipated to grow. As a result, the demand for small-scale bioreactors to develop small batches of customized therapies is expected to bolster market growth. In addition to this, the market is also observing an upsurge in the trend of patient-centric healthcare.

Top Highlights from the FMI’s Analysis of the Small-scale Bioreactors Market:

  • The 1L–3L capacity segment led the market, by acquiring more than 31% of the total market revenue in 2022.
  • The reusable bioreactors segment held more than 80.05% in 2022 and is predicted to maintain its dominance in the years to come.
  • The single-use bioreactors segment is anticipated to expand at a robust pace over the forecast period.
  • The North America market is expected to lead the market over the stipulated time frame.
  • The Asia Pacific market is projected to expand at a robust pace in the assessment period.

Key Updates from the Small-scale Bioreactors Market Regarding its Competitive Side:

  • In December 2022, Inceptor Bio and Ori Biotech came together to support the nascent level process development. To upscale the growth of Inceptor’s distinct CAR-M, CAR-NK, and CAR-T programs. Inceptor Bio is a third partner to sign up for LightSpeed Early Access Program (LEAP) by Ori. The company can now deploy the fully automated CGT manufacturing platform and digital capabilities before its commercial availability.
  • In April 2022, Lonza and Luzhu Biotech entered a commercial and research license agreement. The agreement aims to utilize GS piggyBac transposon technology and Gene Expression System by Lonza.

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Small-scale Bioreactors Market by Category

By Product, the Small-scale Bioreactors Industry is segmented as:

  • Small-scale Reusable Bioreactors
    • Small-scale Stainless Steel Bioreactors
    • Small-scale Glass Bioreactors
  • Small-scale Single-use Bioreactors

By Capacity, the Small-scale Bioreactors Industry is categorized as:

  • Small-scale Bioreactors of 5 ML -100 ML Capacity
  • Small-scale Bioreactors of 100 ML-250 ML Capacity
  • Small-scale Bioreactors of 250 ML -500 ML Capacity
  • Small-scale Bioreactors of 500 ML-1 L Capacity
  • Small-scale Bioreactors of 1L-3L Capacity
  • Small-scale Bioreactors of 3L-5L Capacity

By End User, the Small-scale bioreactors Market is segregated as:

  • Small-scale Bioreactors for Pharmaceutical & Biopharmaceutical Companies
  • Small-scale Bioreactors for CROs & CMOs
  • Small-scale Bioreactors for Academic & Research Institutes

By Region, the Industry of Small-scale Bioreactors is segmented as:

  • Small-scale Bioreactors in North America Market
  • Small-scale Bioreactors in Europe Market
  • Small-scale Bioreactors in Asia Pacific Market
  • Small-scale Bioreactors in Latin America Market
  • Small-scale Bioreactors in the Middle East and Africa Market

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Isovaleric Acidemia Treatment Market to reach US$ 1,125.15 Million by 2033 | FMI Study

The global isovaleric acidemia treatment market size is expected to be valued at US$ 652.28 Million in 2023 and is projected to reach US$ 1,125.15 Million by 2033, trailing a CAGR of 5.6%. Mass spectrometry development coupled with chromatography has advanced the reliability and efficiency of Isovaleric Acidemia profiling and shows the key structures in medical fields. The bio-information provided by these technologies enables accurate disease diagnostics and the useful clinical ability to manage diseases. The benefits of high sensitivity, highly accurate, and high throughput metabolomics show substantial capability in disease treatment which will drive the market during the forecast period.

Moreover, increasing demand for one-time therapies for metabolic disorders and the rising prevalence of lifestyle diseases are the key factors that are anticipated to boost growth of this market. The increasing product approval by regulatory authorities is anticipated to drive growth of global metabolism drugs market. PYRUKYND is a first-in-class, oral PK activator and the first approved disease-modifying therapy for hemolytic anemia in adults with pyruvate kinase (PK) deficiency disease which will augment the therapeutic market in Isovaleric Acidemia.

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Also, growing research and development for development metabolism drugs is anticipated to drive market growth over the forecast period. However, major factors that hinder growth of the global inborn errors of metabolism market include clinical hold on trials by market players. Moreover, the research in personalized medicine and the continuous development of advanced analytical tools are further supporting the growth of the market across the globe.

Key Takeaways from the Market Study

  • North America is expected to dominated the market with a share of 41.8% in 2022.
  • Asia Pacific is projected to be fastest growing market for Isovaleric Acidemia with a CAGR of 4.9% during the forecast period.
  • China is estimated to dominate the industry in APAC with a market share of 41% by 2033.
  • By Treatment type, L-Carnitine supplement is expected to lead the industry with a segment share of 79% during the assessment period.
  • Adoption of Next gen technologies like Tandem mass spectrometry and Mrna in metabolic testing procedures will lead to market expansion.

“Rising Investments in research and development activities and fast adoption of next generation technologies will bolster the market footprint” -comments an FMI Analyst

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Competitive Landscape

Key players in the Isovaleric Acidemia Market are: Amgen, Replimune Group Inc., Transgene SA, Oncolys BioPharma, Targovax, Lokon Pharma, Vyriad, TILT Biotherapeutics, VCNBiosciences, DNAtrix.

Some recent developments in this industry are:

  • In 2020, Nutricia established a sustainable plant in the Netherlands. The Nutricia Cuijk plant was a massive investment that increased the volume of specialized infant formula and the market’s revenue generation.
  • In June 2022, Mead Johnson & Company, LLC announced that it had been completely merged with Reckitt Benckiser Group plc (RB). With Reckitt Benckiser plc groups’ good innovation and marketing processes, it was expected that the Mead Johnson brand and business would continue to boom.
  • On February 17, 2022, Maze Therapeutics, a company translating genetic insights into new precision medicines, announced the initiation of dosing in the company’s Phase 1 clinical trial of MZE001 in healthy volunteers. MZE001, an oral glycogen synthase (GYS1) inhibitor that aims to address Pompe disease by limiting disease-causing glycogen buildup, is being evaluated for the potential oral treatment of patients with late-onset Pompe disease.
  • On May 15, 2020, Ultragenyx Pharmaceutical Inc., a biopharmaceutical company focused on the development and commercialization of novel products for rare and ultra-rare diseases, announced positive initial data from the confirmatory third cohort and longer-term data from the first two cohorts of the ongoing Phase 1/2 study of DTX401, an adeno-associated virus (AAV) based gene therapy for the treatment of glycogen storage disease type Ia (GSDIa).

More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the Bullous Keratopathy market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Treatment (Glycine supplements, L-carnitine supplements, Others) By Region (North America, Latin America, Europe, Asia Pacific, MEA)

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Key Segments Profiled in the Isovaleric Acidemia Treatment Market Industry Survey

By Treatment:

  • L-Carnitine Supplements
  • Glycine Supplements
  • Others

About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Rapid Surge in Demand: Folding IBCs Market Projected to Reach US$ 528 million by 2027

The folding intermediate bulk containers market, or IBCs for short, is predicted to grow at a CAGR of 4.8% to reach US$ 418 million in 2022 and US$ 528 million by 2027.

IBCs, often referred to as flexible intermediate bulk containers, are reusable industrial containers used for the transportation and storage of bulk liquid and granular products such chemicals, food components, solvents, and pharmaceuticals. The title of a fresh research study from Future Market Insights is “Folding IBCs Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,” and it offers a comprehensive overview of the worldwide folding IBCs market over the course of the anticipated period.

The report contains all the essential information on the market dynamics and the current business trends. The demand for the products that the global folding IBCs market produces is anticipated to increase, according to this in-depth research analysis. Many manufacturers and businesses are drawn to foldable IBCs because of their many benefits.

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The folding IBCs are designed to be space-efficient, improve handling, result in cost savings, and solve environmental concerns for all liquids, hazardous and non-hazardous. When the unit is empty, the sides of folding IBCs can be folded inward, making the IBC collapse into a considerably smaller package for return shipping or storage.

The vast majority of rigid folding IBCs are made to be stacked vertically on top of one another using a forklift. The folding IBCs’ smooth inner and external surfaces lessen the possibility of product contamination and make it simple to clean the containers.

The geography segment of the folding IBC market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe are currently the largest markets for folding IBCs, due to the presence of established players and a high demand for sustainable packaging solutions. The Asia Pacific region is expected to witness the highest growth in the folding IBC market, driven by the increasing demand for folding IBCs in the chemical and food & beverage industries.

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Overall, the folding IBC market is expected to continue its growth in the coming years, driven by the increasing demand for sustainable packaging solutions and the growing e-commerce industry. Companies in the folding IBC market are focusing on innovation and product development to meet the evolving needs of their customers

Competitive Landscape

The key manufacturers operating in folding IBCs market are focusing on increasing their production capacity to meet the increasing demand for folding IBCs. Moreover, the key players are increasing their product portfolio to cater for the growing folding IBCs market.

  • In 2021, a company known as BP Polymers has introduced Kortrax® Barrier Resin, for Baritainer® drums, jerry cans, intermediate bulk containers (IBC) and HDPE plastic bottles.
  • In 2020, Schoeller Allibert’s company has designed a foldable IBCs for international logistics and to meet the latest expectations of the pharmaceutical, cosmetics, and food processing industries.
  • In 2020, a company named Mondi plc., is advancing its product portfolio in its plant situated in Styria (Austria) to further boost its ability to offer liners that are environment-friendly for intermediate bulk containers.

Key Players:

  • Schoeller Allibert Group B.V.
  • Ac Buckhorn LLC
  • Finncont Oy
  • Arena Products Inc.
  • TranPak Inc.
  • TPS Rental Systems Ltd
  • RPP Containers

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Folding IBCs Market by Category

By Material, Folding IBCs Market is Segmented as:

  • Metal Folding IBCs
  • Carbon Steel Folding IBCs
  • Stainless Steel Folding IBCs
  • Plastic Folding IBCs

By Capacity, Folding IBCs Market is Segmented as:

  • Up to 500 L
  • 501 to 1,000 L
  • 1,001 to 1,500 L
  • Above 1,500 L

By Application, Folding IBCs Market is Segmented as:

  • Chemicals
  • Hazardous
  • Non-Hazardous
  • Petrochemical Products
  • Paints, Inks, & Dye
  • Food & Beverage
  • Automotive & Mechanical Parts
  • Cosmetic & Toiletries
  • Others

By Packaging Content, Folding IBCs Market is Segmented as:

  • Liquid
  • Solid & Semisolid

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Expanding Horizons: Gusseted Bags Market Worth US$ 26 billion by 2026, Driven by Increased Demand

The latest report by Future Market Insights projects a gradual growth for the worldwide gusseted bag market. Over the course of the projected period, the market is expected to increase at a CAGR of 2.8%. The gusseted bag market is projected to produce sales of US$26,008,8 million by the end of 2026.

One of the most versatile types of packaging is gusseted bags. Gusseted bags were formerly only used to package tea and coffee, but due to their long-lasting ability to keep food fresh, they are now routinely used to package a range of food commodities. Gusseted bags are also lightweight, easy to handle, and take up less space.

Among other significant factors that are driving demand for gusseted bags are the fact that the products wrapped in them frequently remain fresh for an extended period of time, it aids in the visual clarity of the printed material on the bags, and it also offers plenty of space for storage.

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Gusseted bags are becoming more and more common in a variety of industries because to their lightweight and convenient design. Gusseted bag producers also use recyclable raw materials while creating gusseted bags. Gusseted bags are now widely used to store dry food, paint, and fertiliser thanks to technological advancements. Additionally, handle gusseted bags are becoming more popular because they are inexpensive and simple to use.

Key Highlights on the Global Gusseted Bags Market

The global gusseted bags market is segmented on the basis of thickness, application, material type, bag type, and region. Based on the bag type, the market is segmented into side gusseted and bottom gusseted. Among these, side gusseted bags are expected to witness the highest growth. Side gusseted bags are projected to bring in more than US$ 19,100 million revenue by the end of the forecast period.

On the basis of material type, the market is further segmented into paper, polypropylene, polyethylene, nylon, biodegradable plastics, and metal foil. Polyethylene is expected to be widely used material. By the end of 2026, polyethylene is projected to exceed US$ 6,200 million revenue.

Leading Companies Competing to Sustain in the Global Gusseted Bags Market

American Plastics Company, TekPak Solutions, PBFY Flexible Packaging, Pacific Bag Inc., International Plastic, Clear View Bag Company, Maco PKG, Associated Bags, ELKAY Plastics, Poly Pak Plastics, Altapac, Columbia Burlap & Bag Company, and United States Plastics Corp, are some of the leading companies in the global gusseted bags market.

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Competitive Landscape

Top five companies operating in the global gusseted bags market account for nearly 12% of the overall revenue share in 2021, as per FMI.

Key players are focusing on expanding their offering of innovative product packaging solutions by adding novel products to gain competitive edge. Apart from this, some of the manufacturers are aiming at collaboration, merge, and acquisition with other players to strengthen its footprint in the market. For instance,

  • In July 2021, Crunch Pak, a U.S.-based fruit and vegetable processing company announced adding gusseted stand-up bags to its list of packaging solutions for packaging its new products such as Sweet Apple Slices. The bags are made of materials that maintains the product freshness and are available in 24 ounce and 14 ounce.

In January 2019, TricorBraun, an American designer and distributor of rigid packaging announced acquiring one of the largest independent U.S. distributors of flexible packaging solutions, Pacific Bag, LLC. The acquisition has assisted the company to expand its products portfolio by adding gusseted bags, flat pouches, stand-up bags, and other.

Key Players:

  • United States Plastics Corp
  • Columbia Burlap & Bag Company
  • Altapac, Poly Pak Plastics
  • ELKAY Plastics
  • Associated Bags
  • Maco PKG
  • Clear View Bag Company
  • International Plastic
  • Pacific Bag Inc.
  • PBFY Flexible Packaging

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Gusseted Bags Market by Category

By Bag Type:

  • Side Gusseted
  • Bottom Gusseted

By Material Type:

  • Paper
  • Polypropylene
  • Polyethylene
  • Nylon
  • Biodegradable Plastics
  • Metal Foil

By Thickness:

  •   < 2 Mil
  •   2 – 5 Mil
  •   > 5 Mil

By Application:

  • Coffee & Tea Packaging
  • Bakery Product Packaging
  • Other Unprocessed F&B Packaging
  • Dry Processed F&B Packaging
  • Wet Processed F&B Packaging
  • Pet Food Packaging
  • Consumer Good Packaging
  • Other Industrial Applications

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

Contact Us:

Future Market Insights Inc.

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Innovative Solutions and Promising Growth: Specialty Films Market to Reach US$ 28 billion by 2026

The speciality films market is anticipated to grow from US$ 23.1 billion in 2022 to US$ 28 billion by the end of 2026. Presently, 16% of the packaging film market is made up of speciality film sales.

Over the next few years, it is projected that the global market for specialty films will grow significantly due to the growing need for innovative and high-performance films in a range of end-use sectors. As the market grows and matures, it is expected that more and more applications, ranging from packaging to electronic displays, will require speciality films.

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Speciality films are used extensively because of their distinctive qualities, which include high transparency, high strength, and high temperature resistance. They are a versatile and important material in modern industries. These films are employed in a variety of tasks, such as packaging, printing, laminating, and building. Speciality films are growing more and more well-liked on the global market because to their distinctive qualities and adaptability, and this trend is anticipated to last in the upcoming years.

The market for specialty films is expanding as a result of the rising demand for environmentally friendly and sustainable packaging options. Companies are looking for ways to lower their carbon footprint and make their packaging more environmentally friendly as people become more aware of the effects of packaging waste on the environment. In the packaging sector, specialty films with low carbon footprints or composed of biodegradable materials are becoming more and more well-liked, and this trend is anticipated to continue in the years to come.

Key Specialty Films Market Takeaways and Projections

  • The U.S. is expected to lead the North America Specialty Films Market, projecting the fastest growth in the region between 2022 and 2026
  • Asia Pacific region will dominates the specialty films industry and is expected to increase significantly throughout the forecast period.
  • Latin America and the Middle East & Africa are expanding at a slower pace than others, the existing market position is projected to alter over the forecast period

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Competitive Landscape

The strictness of industry regulatory authorities towards the usage of polymerized, non-degradable materials is a major barrier in the manufacturing of specialised films. Environmental issues have grown as the number of specialty films abandoned openly has increased. Furthermore, the single-use nature of these films limits the extent of specialised film recycling and reuse.

Bemis Company, Koninklijke DSM N.V., The Mondi Group, Borealis AG, Amcor Ltd., Sealed Air Inc., Selenis Portugal S.A., Saudi Arabia Basic Industries Corporation (SABIC), Bischof + Klein SE & Co., and 3M Company are among the leading specialty film companies.

Majority of businesses are expected to increase the production of specialty films with improved chemical resistance. With the growing presence of food and beverage industries in APAC, several prominent players in the global specialty films market are projected to expand their manufacturing capacities by establishing manufacturing plants in China, South Korea, and India.

Key Players:

  • Bemis Company
  • Koninklijke DSM N.V.
  • The Mondi Group
  • Borealis AG, Amcor Ltd.
  • Sealed Air Inc.
  • Selenis Portugal S.A.

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Key Segments Of Specialty Films Industry Survey

Specialty Films Market by Product:

  • Stretch Films
  • Shrink Films
  • Barrier Films
  • Conductive Films
  • Safety & Security Films
  • Anti-fog Films
  • Other Films

Specialty Films Market by Material:

  • Polyethylene (PE) Specialty Films
  • Polyethylene terephthalate (PET) Specialty Films
  • Polyamide (PA) Specialty Films
  • Polypropylene (PP) Specialty Films
  • Polyvinyl Chloride (PVC) Specialty Films
  • Polyurethane (PU) Specialty Films
  • Aluminium Specialty Films
  • Others (Evoh, Polycarbonate, etc.)

Specialty Films Market by End Use:

  • Food & Beverages
  • Cosmetics & Personal Care
  • Chemicals
  • Agriculture
  • Building & Construction
  • Pharmaceuticals
  • Electrical & Electronics
  • Automobiles
  • Others

Specialty Films Market by Region:

  • North America Specialty Films Market
  • Latin America Specialty Films Market
  • Europe Specialty Films Market
  • East Asia Specialty Films Market
  • South Asia & Pacific Specialty Films Market
  • Middle East & Africa (MEA) Specialty Films Market

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedInTwitterBlogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com