Small Paint Pail Market is Set to Witness a CAGR of 5.0% Through 2031 | Report by FMI

The small paint pail market is set to witness a CAGR of 5.0% during 2021-2031. The initial do-it-better tool, the small paint pail, was created for efficient painting. The small paint pail, which is designed for both pros and DIY painters, has revolutionary features that make it easy to use, clean, and store.

What is Driving Demand for Small Paint Pail?

The paint pail features such as the curved section is designed to fit the hand, while the flat side is designed to fit the brush. A powerful magnet molded onto the inside of the cup mysteriously holds the brush up and out of the paint, which is a very creative feature of the pail (and catches any drips).

It’s simple to clean up – simply throw away the used vacuum-formed liner (and slip in a fresh one for next time). Such factors are expected to drive the demand for the product.

Trends in Small Paint Pail Likely to Augment Sales

Players in the market are focusing their efforts on creating more convenient and portable paint pails that can be transported anyplace. In addition, its long-lasting construction can withstand years of use with any paint or stain.

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For example, the HANDy 32-fl oz Paint Pail has a magnetic brush holder, an adjustable strap that makes it pleasant to carry, is solvent-resistant, has a brush scraper, and can be used with any paint or stain. Such offerings are expected to boost the sales.

Impact of Covid- 19 on Small Paint Pail Market

The outbreak of Coronavirus illness (COVID-19) in 2020 posed a significant challenge to paint pail manufacturers, as trade restrictions disrupted supply chains and demand decreased due to global government shutdowns.

National government efforts to halt the spread have resulted in a decline in economic activity, with some nations declaring a state of emergency, and the pandemic is expected to damage businesses well into 2020 and 2021. The small paint pail market, on the other hand, is expected to bounce back throughout the forecast period.

US and Canada Small Paint Pail Market Outlook

COVID-19 had a negative impact on the market in 2020. A disrupted global supply chain, as well as lower demand from a range of end-user industries, including the construction industry. Additionally, because paint pails are portable, the do-it-yourself movement is growing, encouraging people to purchase small paint pails.

Even amid the pandemic, the majority of people are upgrading their homes, allowing the players to earn more money. As a result of rising consumer interest in home renovations in the United States, demand for small paint pails is expected to increase in the region.

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Europe Demand Outlook for Small Paint Pail

The growing construction and infrastructure spending, as well as the increased use of exterior paints, are driving the small paint pail business in the region. Besides this, the increasing demand for wall decor by consumers is acting as the catalyst for the growth of the market.

Because of their strong structure and impact resistance, paint pails are extremely effective for keeping and transporting various types of paints. Furthermore, they are more durable than their competitors.

During the forecast period, the demand for paint pails is predicted to increase due to expanding population, rising disposable income, and improving people’s living standards. To improve the aesthetic appeal of buildings, a variety of paints are being used.

In comparison to its rivals, consumers prefer compact paint pails. The rise of small paint pail manufacturers is being aided by rising demand for paints in numerous industries such as automotive, general industry, marine, and furniture.

Key Segments

By Material:

  • Polypropylene
  • Plastic
  • Metal

By End Use:

  • Residential
  • Commercial
  • Industrial

By Item Weight:

  • 4.8 ounces
  • 3.06 ounces
  • 15.2 ounces

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Sander Market is Growing Due to High Adoption Rate of Power Tools in Small and Medium Scale Workshops

The global sander market is set to witness steady growth during 2021-2031. Rapid expansion of industrial and commercial application of sanders in recent years has positively influenced global market trends, owing to economic improvement in both developed and developing economies. As a result, the sander market is set to witness a CAGR of 5.1%-5.9%.

What is Driving Demand for Sander Market?

The key factors driving the demand for sanders includes rapid urbanization, rising popularity of interior home décor and increase in the income of the people. Rapid growth of the furnishing industry is likely to work in the favor of the global sander market.

Further, the growing power tool adoption, rising automotive sales production, rising demand for fastening tools in industrial environments, and rising construction industry are some of the major factors driving the sander market forward. Further, the rapidly growing power tool industry is expected to drive the sander market over the forecast period.

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However, the breakout of the novel coronavirus at the start of 2020 altered the market’s fundamental dynamics. Product sales fell in the first months of 2020 due to temporary production halts in the manufacturing and construction industry and a slowdown in the logistics sector and .

Stay-at-home rules were being enforced in an attempt to reduce the virus’s spread in the community and it correspondingly reduced remodeling and renovation activity, which impacted the growth of the sander market.

Shift to E-commerce Platform will Complement the Sales of Sander Market

In recent years, prominent manufacturers and suppliers are shifting from retail stores to E-commerce websites. Thus, selling their products on various e-commerce platform, in order to cater to a worldwide base of customers. Boom in e-commerce has created immense opportunities for manufacturers and suppliers of sanders. Promotion of sanders through various online channels is estimated to offer lucrative opportunities to the sanders market in the next few years.

US and Canada Sander Market Outlook

North America led the global sander market in the year 2020 and expected to maintain its dominance in terms of both manufacturing and consumption during the forecast period.

High adoption rate of power tools in small and medium scale workshops and growing wood industry is expected to drive the demand for sander in the region.

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Key Segments

By Product Type:

  • Orbital Sander
    • Cordless Orbit Sander
    • Electric Orbit Sander
    • Pneumatic Orbit Sander
  • Belt Sander
    • Bench Type Belt Sander
    • Portable Belt Sander
  • Others

By Application:

  • Residential
  • Industrial
  • Commercial

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Retailers
  • Direct Sales
  • Other Sales Channel

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Duck Plucker Machine Market Outlook, Current and Future Landscape Analysis 2023 to 2033

The duck plucker machine market is expected to be worth US$ 279 million in 2023, rising to US$ 459 million by 2033. During the forecast period, demand is expected to rise at a 5.1% CAGR.

The market is expected to be driven by increased demand for natural and organic foods. Organic poultry farms are increasingly using the device to reduce labour costs and improve product quality. Furthermore, growing public awareness of the benefits of organic food is likely to increase demand for duck plucker machines.

Due to the increased demand for ready-to-eat (RTE) and ready-to-cook (RTC) poultry items, the duck plucker machine sector is anticipated to grow. As RTE and RTC poultry products become popular, as they can be produced rapidly and effectively, their market share rises simultaneously.

If new end users, such as restaurants, are sought after, there is potential to grow the industry. As restaurants increasingly use duck plucker machines to save time and money, manufacturers may have a great opportunity to connect with new customers.

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These factors would probably cause the duck plucker machine industry to grow 1.64 times between 2023 and 2033. Products can retain the bulk of their nutrients due to advancements in the duck plucker machine industry.

The industry’s cutting-edge concepts, such as electric machines, are therefore expected to promote the usage of duck plucker machine.

Key Takeaways

● In 2022, the US dominated the duck plucker machine market, with a share of 29.9%.

● The demand for duck plucker machine increased at a 4.6% CAGR between 2016 and 2022, citing FMI’s study.

● The expansion in China is anticipated to expand at an adequate CAGR of 4.1% by 2033. China’s market is likely to generate a share of US$ 40 million by 2033.

● Japan’s duck plucker machine market share was 4.6% in 2022 due to the rising small-scale producers.

● Between 2023 and 2033, the duck plucker machine market is likely to increase in India at 4% CAGR, respectively.

● The expansion in the UK is anticipated to expand at an adequate CAGR of 5.5% by 2033. The UK’s market is expected to generate a share of US$ 42.9 million by 2033.

● Germany’s duck plucker machine market share was 18.2%, with the worth of US$ 48.2 million in 2022.

● Australia’s market share for duck plucker machine was 2.6%, with the worth of US$ 7 million in 2022.

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Rivals Reaching their Full Potential for Better Market Share

Startups can explore partnerships with seasoned players like poultry processors, in order to reach their client base and gain access to their knowledge. To raise awareness and create a network of potential partners, startups consider having a presence at relevant trade shows and conferences.

To identify opportunities to develop creative duck plucker machine, new enterprises should research emerging trends in the poultry industry, such as automation and robots. Manufacturers of duck plucker machines can think about adding chicken and turkey as additional poultry options to their product lineup.

This can increase the market’s pool of potential customers and create new growth opportunities. Leading firms are also implementing measures to deal with the market’s difficulties.

About Future Market Insights (FMI)

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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Cattle Squeeze Market Analysis, Size, Share,Growth, Trends & Forecast 2023 to 2033

The global  cattle squeeze market is valued at US$ 3.89 billion in 2023 and is expected to grow to US$ 7.03 billion by 2033. Cattle squeeze sales are expected to increase at a CAGR of 6.1% during the forecast period.

The main factor driving the market is the global increase in milk production and consumption. As the demand for milk-based products grows, farms are becoming larger and housing more animals. This is driving up global demand for cutting-edge dairy farming equipment like cattle squeezes.

Farmers are adopting the cattle squeeze chute even more since it is problematic to regulate cattle when bathing due to their high level of recalcitrance. Nonetheless, cattle are prone to a wide range of ailments. Therefore, maintaining good hygiene is essential. The task of handling and grooming the cattle can be made considerably smoother using cattle squeezes.

Agricultural producers require specific equipment for managing livestock to increase productivity. Using cognitive agricultural technologies to handle farm animals better has several benefits, including cheaper expenses for animal care. Furthermore, high demand for cattle squeezes is anticipated to result from this.

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The expansion is also attributed to both the rise in the demand for high-quality dairy and meat products and the increased use of innovative techniques for handling and caring for animals. Its growth can also be attributed to factors like greater awareness of animal health complications and the importance of hygiene.

Manufacturers provide a range of squeezes for cattle, including inexpensive machinery that works well for small-size cattle and high-performance dryers for large-size calves. To allow customers to customize their squeeze chutes to their own needs, several players also provide modification alternatives.

The market in North America had the highest share in 2022. Over the projected period, it is anticipated that the region would maintain its prominent hold. The regional market has expanded given the high rates of product adoption and the existence of key manufacturers.

KEY TAKEAWAYS

The market in the United Kingdom is anticipated to grow at a CAGR of 6.5% through 2033.
The US dominated the market in 2022 holding a 29.5% share of the global market.
Japan was reported to possess a 4.5% share of the global market in 2022.
With a CAGR of 7.2% over the forecast period, India is predicted to grow rapidly in the market.
The market in China is expected to grow at a CAGR of 4.9% over the forecast period.
Germany accounted for 17.4% of the global market in 2022.

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COMPETITIVE LANDSCAPE

The top manufacturers of the cattle squeeze market are Arrowquip, Agromaster, Appleton Steel, Inc, Alsaç Makina Ciftlik Ekipmanları, TAIZHOU BISON MACHINERY CO. LTD, Beerepoot Agri, Behlen Country, BEISER ENVIRONNEMENT, Brute Cattle Equipment &, Dodge Manufacturing Co, Comfort Hoof Care, DIAMAK, DP Agri Ltd., Eko Hoofcare, EXPRESS FARMING, Farmquip — Woolaway Construction Limited, IAE, Intermilk, Lakeland, O’Donnell Engineering and others.

These companies have used numerous techniques to gain sustainable competitive advantage. They have grown their customer base and profitability by implementing both inorganic and organic action plans, such as the introduction of brand-new products, acquisitions, mergers, corporate modernization, and partnerships.

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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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Atopic Dermatitis Treatment Market is expected to reach US$ 7.6 Billion by 2029, with sales revenue expected to grow at a 4.8% CAGR

According to a recent market survey conducted by Future Market Insights (FMI), the global Atopic Dermatitis Treatment market size was valued at US$ 5.2 Billion in 2021 and is expected to reach US$ 7.6 Billion by 2029. FMI’s new market research report on this industry includes a global analysis of the years 2014 to 2021 and an assessment of opportunities from 2022 to 2029.

The report provides critical insights into the Atopic Dermatitis Treatment market and predicts significant growth during the forecast period of 2022 to 2029. This growth is attributed to various factors, such as increasing prevalence, promising pipeline molecules, higher treatment compliance, increasing access to treatment medication in developing countries, favorable reimbursement policies, increasing government support for research and development, and advancing technology.

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Corticosteroids Remain the Drug of Choice

Corticosteroids are considered the first-line treatment for inflammation and pain alleviation. These drugs have been shown to reduce tingling, allergic reactions, swelling, and redness.

Around 30 corticosteroid compounds have been approved for the treatment of atopic dermatitis, with ‘hydrocortisone’ being the first. Furthermore, rising innovation has led in the introduction of topical non-corticosteroid immunomodulators and target medicines, such as pimecrolimus and tacrolimus, which is expected to fuel the expansion of the Atopic Dermatitis Treatment market. Furthermore, topical corticosteroids are predicted to play essential roles in the treatment of atopic dermatitis.

North America to Offer High Sales Opportunities

Growth prospects of the Atopic Dermatitis Treatment market are likely to be high in North America over the forecast period of 2022 to 2029. Factors such as, greater treatment awareness among the patient population across the United States and Canada, early adoption of novel prescriptions, advanced healthcare infrastructure, better and favorable reimbursement policies, and increasing business associations of pharmaceutical organizations with contract research organizations in developing markets will continue to propel the Atopic Dermatitis Treatment market growth.

Despite the fact that the U.S and Canada deal with heavy investment in healthcare infrastructure as well as per capita expenditure, there are increasing number of campaigns organized each year by specific establishments, for example, National Eczema Associations, the PAN Foundation, and pharmaceutical organizations, which are envisaged to work to the advantage of several market vendors.

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Hospital Pharmacies – The Key Distribution Channel for Atopic Dermatitis Treatment

Sales of medication for Atopic Dermatitis Treatment through hospital pharmacies will continue to account for relatively high share in the market, as they can stock large range of prescription medicines, including progressively specific and investigational medications. Hospital pharmacies may provide a tremendous amount of medications every day, which is distributed to wards and to intensive care units as per the patient’s prescription schedule.

Topical Drug Administration- A Preferred Mode

Topical mode of administration remains highly preferred among the patient pool of atopic dermatitis. Advent of topical non-corticosteroids immunomodulators is the major factor for the growth in the demand for Atopic Dermatitis Treatment. As topical administration gains prominence, major corticosteroids medications are formulated as topical, in addition to their benefits over oral dosage form.

Atopic Dermatitis Treatment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global Atopic Dermatitis Treatment market. Some of the examples of key players in the global Atopic Dermatitis Treatment market are Sanofi S.A., Galderma S.A., Allergan Plc., Novartis, Bristol-Myers Squibb, Bayer AG, Meda Pharmaceuticals Inc., Astellas Pharma, Inc., Anacor Pharmaceuticals, Inc., Regeneron Pharmaceuticals, and Valeant Pharmaceuticals International, Inc.

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Atopic Dermatitis Treatment Market by Category

By Product

  • Corticosteroids
  • Calcineurin Inhibitors
  • Immunosuppressants
  • Biologic Therapy
  • PDE-4 Inhibitor
  • Antibiotics
  • Antihistamines
  • Emollients

By Indication

  • Topical
  • Oral
  • Injectable

 By End-User

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores
  • Mail Order Pharmacies
  • Dermatology Clinics

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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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Dental Services Market is projected to reach US$ 586943.9 Million in 2032, at a CAGR of 6.2%

The global Dental Services market revenue is projected to reach a valuation of US$ 586943.9 Million in 2032, with the market expanding at a positive CAGR of 6.2% over the forecast period of 2022 to 2032. In 2022, the Dental Services market will reach an estimated US$ 342685.5 Million; driven by increasing incidences of poor oral health and rising awareness of dental health and disorders. Escalating dental disease rates, an aging population, along with the availability of strong healthcare infrastructure will further supplement the growth of the Dental Services market during the forecast period.

The Dental Services market includes a lot of services performed by dentists and dental professionals such as diagnosis, prevention, treatment, and management of dental issues. The growing incidences of dental caries and other periodontal disorders, increasing awareness of dental health, heightened demand for laser and aesthetic dentistry, and technical enhancements in dentistry are propelling the Dental Services market. In addition to this, the growing popularity of smile makeover surgeries also contributes to the expansion of the Dental Services market.

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Other factors like the increasing prevalence of periodontal disease, growing private health insurance coverage, and advancing demand for aesthetic and elective dentistry are fueling the growth of the Dental Services industry. Moreover, the issues related to prevailing lifestyle and dietary habits as well as the increased ratio of sugar-based medicine are factors contributing to the increasing demand for Dental Services. Again, the emergence of enhanced procedures and technologies like dental caps, dentures, drills, and invisible braces that help in tooth alignment and contouring further propel the growth of the Dental Services market.

“Growing technical advancements in endodontics and introduction of other technologically enhanced dental treatments will likely drive the market growth of the Dental Services over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Technologically enhanced dental procedures offer lucrative market opportunities.
  • Decreasing incidences of dental caries may stunt the market growth.
  • North America is predicted to hold about 42.8% of the market share.
  • In 2022, the Asia Pacific is likely to account for about 27% of the market share.
  • By service type, dental implants are expected to dominate the market.
  • In terms of end-user, dental clinics will lead the market growth.

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Competitive Landscape 

Apollo White Dental, Dental Services Group, Pacific Dental Services, Great Expressions Dental Centers, Gentle Dentistry, LLC, and Coast Dental Services, LLC among others are some of the major players in the Dental Services market profiled in the full version of the report.

Leading market players are concentrating on expansion strategies, partnerships, collaborations, mergers, and acquisitions to retain a competitive edge.

More Insights into Dental Services Market Report

In its latest report, FMI offers an unbiased analysis of the global Dental Services market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on service (dental implants, orthodontics, periodontics, root canal – endodontics, cosmetic dentistry, laser dentistry, dentures, oral and maxillofacial surgery, smile makeover), end user (hospitals, dental clinics), and region.

According to the latest FMI reports, based on region, the Dental Services market in North America is expected to flourish over the forecast period. This regional market is expected to account for about 42.8% of the overall market share while recording a CAGR of 6% during this period of observation. This growth can be attributed to the strong presence of independent clinics, greater R&D efforts in dentistry, and rising disposable income. A surge in government financing for dentistry programs is also expected to augment the market growth.

In the Asia Pacific, the Dental Services market is predicted to display substantial growth over the assessment period. In 2022, the region is expected to hold about 27% of the market share. Increasing private dental practices, growing awareness of oral care, and rising dental tourism are fueling the market growth in this region during the forecast period.

Based on segmentation, by service type, the dental implants segment and the dental clinics, in terms of end-user are expected to lead the market growth over the forecast period.

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Key Segments Profiled In The Dental Services Industry Survey

Dental Services Market by Service:

  • Dental Implants
  • Orthodontics
  • Periodontics
  • Root Canal – Endodontics
  • Cosmetic Dentistry
  • Laser Dentistry
  • Dentures
  • Oral and Maxillofacial Surgery
  • Smile Makeover

Dental Services by Market by End User:

  • Hospitals
  • Dental Clinics

About Future Market Insights, Inc.

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:

Future Market Insights, Inc.
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T: +1-845-579-5705
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Softgel Capsules Market Forecast to 2032 | By Aenova, Fuji Capsule, Sirio Pharma, EuroCaps, Elnova Pharma

A recent study by Future Market Insights has projected a robust CAGR of 6.0% for the global Softgel Capsules market from 2022 to 2032, creating significant growth opportunities. The Softgel Capsules market size is expected to surge from US$ 1.1 Billion in 2022 to surpass US$ 1.9 Billion by 2032. Gelatin Softgel Capsules hold a market share of about 75.4% in 2021, driving the global market’s growth. Over the historic period of 2012 to 2021, the global market grew at approximately 3.9%, representing about 35.5% of the overall US$ 3.1 Billion global gelatin capsules market in 2021.

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Softgel Capsules offer multiple advantages over traditional oral solid dosage forms. They are increasingly preferred by consumers due to their diverse drug delivery systems, including chewable and meltable softgels, appealing shapes, sizes, and colors. Gelatin shells provide a tight shield to protect the material from contamination by air and external elements. The shell can also block ultraviolet light, and softgel capsule formulations improve operator safety by reducing contamination caused by dust handling. Softgel Capsules are self-lubricating, making them more comfortable to swallow with water than tablets, and they were originally developed to mask the unpleasant taste and odor of pharmaceuticals.

Report Highlights

Vegetarian Softgel Capsules are being produced by a number of different businesses. They comprise pullulan, starch, and HPMC capsules. This is anticipated to lead to increased product personalization in the pharmaceutical, cosmetic, and nutraceutical sectors, which could present profitable opportunities for the producers of Softgel Capsules.

Attributing to the exact compounding, blending, and dispensing of liquid fill ingredients, it is possible for an API with a better degree of accuracy and more consistency between various production lots. Since the entire encapsulation process can be completed inertly to safeguard pharmaceuticals against oxidation and degradation, soft gelatin capsule products often have superior stability.

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Competitive Landscape

Primary companies participating in the global Softgel Capsules market are continuing to invest in technologies that provide alternatives to traditional drug delivery systems as the market for softgel products is still in its infancy. However, some businesses continue to only offer hard and soft gelatin capsules in their product offering. If these companies add Softgel Capsules, vegetarian capsules, and other capsules made from plant-based gelatin to their product line, they can anticipate significant incremental growth prospects.

The presence of numerous competitors in the Softgel Capsules industry is making the market highly fragmented. To meet consumer demand and expand their clientele, these companies are using tactics including acquisitions and mergers partnerships and collaborations, and the introduction of new products.

Recent Development

  • In April 2022, Aenova began building of a new structure for highly potent active chemicals at its Regensburg headquarters. Pharmaceuticals, particularly those for cancer, are produced in modern production facilities that are exceedingly effective.
  • Aenova’s most current vegan soft capsules, VegaGels, will be available in November 2020. They follow Chinese, European Union, and American regulations.

Key Players

  • Aenova Group GmbH
  • Fuji Capsule Co., Ltd
  • Sirio Pharma Company Limited
  • Catalent, Inc
  • EuroCaps Ltd
  • Guangdong Yichao Biological Co., Ltd.
  • Elnova Pharma
  • Others

More Insights into the Softgel Capsules Market

The US is expected to dominate the Softgel Capsules market as it accounted for a total of 88.4% in 2021. The North American region is expected to continue its dominance over the assessment period.

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Key Market Segments Covered in Softgel Capsules Industry Research

By Product:

  • Gelatin Softgel Capsules
  • Vegetarian Softgel Capsules

By Raw Material:

  • Type-A Gelatin (Pork Skin)
  • Type-B Gelatin (Animal Bones & Skin)
  • Fish Bone Gelatin
  • Cellulose Derivatives
  • Starch Material

By Application:

  • Antacid & Antiflatulent Preparations
  • Antianemic Preparations Hematinic Preparations)
  • Anti-inflammatory Drugs
  • Antibiotic & Antibacterial Drugs
  • Cough & Cold Preparations
  • Cardiovascular Therapy Drugs
  • Health Supplements
  • Vitamin & Dietary Supplements
  • Other Therapeutic Applications

By End User:

  • In-house Manufacturing
    • Pharmaceutical Companies
    • Nutraceutical Companies
    • Cosmeceutical Companies
  • Contract Manufacturing Organizations

By Route of Administration:

  • Oral Softgels
  • Suppositories
  • Pessaries
  • Twist off Softgels
  • Others

About Future Market Insights, Inc.

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:

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T: +1-845-579-5705
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Acetaminophen Market is expected to reach US$ 15.2 Billion by end of 2033 at a CAGR of 4.2%

The global Acetaminophen market size is valued at US$ 9.8 billion at the end of 2022 and is expected to grow at a CAGR of 4.2% to reach a valuation of US$ 15.2 billion by 2033. According to a recent Future Market Insights report, the oral route of administration will lead the market with a share of approximately 92.4% in 2022.

Acetaminophen/ paracetamol is widely being adopted by individuals and healthcare providers and are sold over the counter, which is boosting sales in the market.  Paracetamol is widely consumed as it is suitable to all age groups i.e. adults, children’s, pediatrics and geriatrics to treat mild to moderate pain. Paracetamol is the most efficient and safe drug to manage pain when consumed in a controlled dosage.

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The most prescribed OTC (over the counter) drug is acetaminophen, which is widely used as the first line of treatment. As chronic disorders have symptoms of pain, demand is projected to increase over the forecast period.

Further, increasing awareness regarding palliative care in terminally ill patients is boosting the adoption of analgesics for pain management. Since the prevalence of pain is over 75% in advanced disease conditions, sales are expected to gain traction in the forthcoming years.

In the US, palliative care services are delivered following government and commercial reimbursement policies. Hospital palliative care programs in the US include palliative care consultation teams and dedicated in-patient care units. Non-hospital palliative care programs include ambulatory care, and office and home-based palliative care programs.

Key Takeaways:

  • The United States dominates the North American region with a total market share of around 90.3% in 2022, and this rise is likely to continue throughout the forecast period.
  • China is expected to develop at a CAGR of roughly 5.3% in the global acetaminophen market during the forecast period.
  • The acetaminophen segment is expected to retain the greatest market share of roughly 62.1% in 2023 due to its better efficacy and widespread availability in North America and Europe.
  • In 2023, the oral method of administration is expected to account for 92.3% of the market.
  • The over-the-counter (OTC) segment is estimated to account for 91.6% of total market sales in 2023.

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Competition Landscape

Leading players operating in the global acetaminophen market are Abbott, Janssen Pharmaceuticals, Inc. [Johnson & Johnson], Bristol-Myers Squibb and Company, Cardinal Health Inc., Viatris, Procter & Gamble Company, Sanofi, Novartis AG, Bayer AG, Teva Pharmaceutical Industries Ltd, Perrigo Company, Mallinckrodt Pharmaceuticals, Glaxo SmithKline Pharmaceuticals Ltd, Sun Pharmaceutical Industries Ltd, and Sun Pharmaceutical Industries Ltd.

Some of the leading companies of the acetaminophen market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

Key Market Segments Covered in Acetaminophen Drugs Industry Research

By Product:

  • Acetaminophen
  • Acetaminophen with Opioids
  • Others

By Route of Administration:

  • Oral
  • Injectable
  • Others

By Sales:

  • OTC (Over-the-counter)
  • Rx (Prescription)

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • E-commerce
  • Others

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About Future Market Insights, Inc.

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:

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
Browse All Reports: https://www.futuremarketinsights.com/reports
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Phakic Intraocular Lenses Market Anticipates Significant Expansion, Projected to Reach US$ 819.5 Million by 2032

According to Future Market Insights’ most recent research, the global Phakic Intraocular Lenses (IOL) Market size will be worth US$ 344.4 million in 2021. Over the forecast period, sales are expected to expand at a 9.5% CAGR, with the market valued at US$ 819.5 million in 2032.

Phakic Intraocular Lenses (pIOLs) are used to treat patients who have severe ametropia or are contraindicated for laser refractive surgery. The preservation of accommodation is the key feature that makes these lenses excellent for use in young individuals pursuing ocular prescription independence, as lens extraction is not necessary.

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Furthermore, as the number of people who are myopic has grown in recent years, this refractive correction alternative has grown in importance. Simultaneously, it is an important topic of research since future estimations of the prevalence of simple myopia and, more significantly, severe myopia will be based on it.

Although Phakic Intraocular Lenses have some advantages over laser refractive surgery, such as reversibility, improved optical quality in high ametropias, and a wider range of correction, it is important to remember that it is a surgical procedure with all of the risks associated with intraocular surgeries, such as endophthalmitis.

 “Advances in excimer laser procedures have presented a gateway into the development of implantable intraocular lenses with effective vision correction outcomes. Such developments are anticipated to auger well for the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on product type, the posterior chamber phakic IOL segment accounted for 68.0% of the total market share in 2021 and the trend is expected to continue through 2032.
  • By indication, sales in the astigmatism segment will increase at a 8.5% CAGR over the assessment period.
  • In terms of end user, the hospitals segment will remain most lucrative over the forecast period.
  • The US is expected to lead the North America Phakic Intraocular Lenses market over the assessment period.
  • Demand in China is expected to grow at a 10.5% CAGR through 2032.
  • Germany will emerge as a lucrative pocket, with sales rising at a 9.3% CAGR over the forecast period.

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Competition Landscape

  • Key Players:
  • Ambu
  • Boston Scientific
  • Olympus
  • Verathon Inc
  • Duomed
  • PENTAX Medical
  • NeoScope Inc
  • The Surgical Company

Key players are investing in research and development to offer patient-specific and indication-specific pIOLs to enhance procedural outcomes. They are also focusing on new product launch activities, licensing of product sales within a specific region, as well as regulations associated with new device development and manufacturing. For instance:

  • In January 2019, owing to the high regulatory standards, precision and quality requirements in Germany and Japan, Star Surgical announced expanded recommended diopter range for their EVO Visian ICL in both the countries.
  • In December 2019, Johnson & Johnson Vision announced the Food and Drug Administration (FDA) approval and U.S. launch of TECNIS Toric II 1-Piece Intraocular Lens (IOL).

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the Phakic Intraocular Lenses (IOL) market in its latest study, presenting a historical demand assessment of 2017 to 2021 and projections for 2022 to 2032.

The research study is based on the product – (posterior chamber phakic IOL, and anterior chamber phakic IOL), by indication (myopia, hyperopia, and astigmatism), by end user (hospitals, ophthalmology clinics, and ambulatory surgical centres), across seven key regions of the world.

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Key Market Segments Covered in Phakic Intraocular Lenses Industry Research

By Product:

  • Posterior Chamber Phakic IOL
  • Anterior Chamber Phakic IOL

By Indication:

  • Myopia
  • Hyperopia
  • Astigmatism

By End User:

  • Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgical Centers

About Future Market Insights, Inc.

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:

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
Browse All Reports: https://www.futuremarketinsights.com/reports
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Renal Function Test Market is likely to reach an estimated valuation of ~ US$ 1,414.5 Million by the end of 2032 | FMI

[Report of 276 Pages] The market for renal function tests was valued at US$ 779.1 Mn in 2021, and from 2022 to 2032, it is anticipated to grow at a CAGR of 5.6%. By the end of 2032, the market is anticipated to have a US$ 1,414.5 Mn estimated valuation. With a market share of about 62.4% in 2021, the urine test segment is the market leader in terms of test type.

According to Future Market Insights (FMI), the global renal function test market is projected to register a steady expansion over the forecast period, 2017 to 2026. Revenues from worldwide use of renal function test are estimated to surpass US$ 900 Mn by 2026-end.

Public & Private Healthcare Organizations are Supporting Management of CKD through Programs & Initiatives

Increasing incidences of renal failure, and chronic kidney diseases (CKD) are considered to be the primary factors responsible for the significant demand for renal function tests. Unhealthy dietary habits, lack of physical exercise owing to hectic lifestyles, and stress, are commonly observed risk factors for diabetes, coronary heart diseases, hypercholesterolemia, and hypertension. These factors further lead toward dysfunctions in the kidney, which in turn creates demand for renal function tests. Surging number of people with diabetes who are highly susceptible to CKD are expected to propel the demand for renal function tests in the upcoming years. The resultant high sample volume is creating demand for highly effective and efficient renal function testing devices.

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Awareness about diagnostic benefits related to renal function tests is increasing among people. The advent of technologically advanced products associated with renal function tests such as automated analyzers has resulted into refinement of present point-of-care real-time testing capabilities. In addition, the private as well as public healthcare organizations are consistently striving to support the diagnosis and management of chronic kidney diseases through various programs and initiatives, thereby creating awareness and demand for renal function tests.

Key Takeaways from FMI’s Report on Renal Function Test Market

  • North America will continue to be dominant in the global renal function test market, in terms of revenues. Between renal function test market in Europe and Asia-Pacific excluding Japan (APEJ), the former will account for a larger revenue share and the latter will register a relatively higher CAGR through 2026. The renal function test markets in Middle East & Africa (MEA) and Japan are projected to account for the lowest revenue share of the market throughout the forecast period.
  • On the basis of product type, dipsticks are expected to be the leading contributor to the market growth, in terms of revenues. Revenues from sales of disposables and reagents are projected to register a relatively faster expansion, and will collectively account for over two-fifth share of the market during the forecast period.
  • Hospitals are anticipated to remain the most lucrative end-users in the global renal function test market, with sales estimated to surpass US$ 450 Mn in revenues by 2026-end. Diagnostic laboratories are expected to remain the fast-expanding end-users of renal function tests through 2026. Revenues from renal function tests in diagnostic laboratories are projected to account for nearly one-third share of the market by 2026-end. Research institutes will continue to be the least lucrative end-users of renal function tests.
  • In terms of test type, urine protein and microalbumin renal function test are together projected to account for over three-fifth revenue share of the market during the forecast period. Revenues from microalbumin renal function test will register the highest CAGR in the market through 2026. In addition, revenues from urine protein and serum creatinine renal function test are projected to increase at nearly equal CAGRs through 2026.

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Vendors in the global renal function test market are focusing on technological advancements through clinical trials. The intensive competitive landscape of the market is resulting into increasing mergers & acquisition activities, wherein smaller firms are acquired by well-established international vendors.

Key player profiled by FMI’s report include:

  • Randox Laboratories
  • Elektronika
  • Acon Laboratories
  • Urit Medical
  • Nova Biomedical
  • Sysmex
  • Abbott
  • Roche
  • Beckman Coulter
  • Siemens.

Market Taxonomy

Product Type

  • Dipsticks
  • Disposables
  • Reagents

End User

  • Hospitals
  • Diagnostic Laboratories
  • Research Laboratories and Institutes
  • Other End Users

Test Type

  • Urine Protein
  • Microalbumin
  • Creatinine Clearance
  • Serum Creatinine
  • Other Test

About FMI:

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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