Automotive In-Wheel Motors Industry Forecast: Estimated to Reach USD 17.457 Billion by 2033, Growing at a 19.5% CAGR | FMI Reports

Automotive In-Wheel Motors Market
Automotive In-Wheel Motors Industry

The automotive in-wheel motor industry is poised for significant growth, projected to reach an impressive USD 17.457 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 19.5%. This surge is driven by the rising demand for innovative electric vehicle technologies. In-wheel motors, which integrate the motor directly into the wheel hub, offer notable advantages such as improved efficiency, enhanced handling, and better space utilization.

As the automotive industry increasingly shifts toward electrification and sustainable solutions, the in-wheel motors Industry is set to play a crucial role in the evolution of modern transportation.

Technology Advancements Driving the Automotive In-Wheel Motors Industry

Government Initiatives
Government measures aimed at promoting the automotive industry—through advertising, incentives, and regulations—are encouraging consumers to prioritize robust safety solutions, further boosting Industry growth.

Additionally, the expansion of the automotive sector, higher investment levels, and increased disposable income are all positively impacting the automotive in-wheel motors Industry.

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Increased Vehicle Manufacturing
One of the primary factors driving the growth of the automotive in-wheel motors Industry is the increase in consumer demand for high-performance and dependability of automobiles. The increased demand for these improved automobiles drives up vehicle production.

Sales of Electric Vehicles (EVs)
The global surge in electric vehicle (EV) sales is propelling the electric vehicle Industry forward. Due to increased environmental consciousness, customer preference is fast shifting towards passenger and commercial electric vehicles (EVs).

Hindering Maintenance and Repair of Automotive In-Wheel Motors
The expensive expense of automotive in-wheel motors technology makes its wider implementation difficult. The intricacy of incorporating in-wheel motors into existing car designs and production processes creates additional challenges. The automotive in-wheel motors maintenance and repair infrastructure is also limited, limiting Industry expansion.

Concerns about the longevity and reliability of in-wheel motors, particularly in extreme weather and off-road applications, cause potential purchasers to be skeptical. These constraints, taken together, restrict the Industry’s quick expansion for automotive in-wheel motors.

Expanding Industry Horizons for Automotive In-Wheel Motors
The automotive industry is seeing increased interest in automotive in-wheel motors, which presents good potential for Industry participants. Automotive in-wheel motors provide various benefits, including greater vehicle dynamics, increased energy efficiency, and lower pollutants. The Industry is expanding because of rising demand for electric and hybrid vehicles and motor technology developments.

The incorporation of modern control systems and regenerative braking capabilities improves Industry prospects. The automotive in-wheel motors industry is positioned for significant growth in the future years, thanks to continued research and development activities and cooperation between automakers and technology providers.

Regional Assessment of the Wheel Motors Industry:
Asia Pacific owns the leading Industry share of the worldwide Industry and is likely to continue to dominate during the forecast period. China, among other nations in the area, has the highest output of electric vehicles due to large government subsidies for electric vehicle manufacturing and an increase in imports and export. This has had an impact on the increase in electric vehicle sales in the United States.

Indian Industry is anticipated to expand during the forecast period due to the country’s use of renewable energy sources. Businesses are making significant investments in the creation of electric automobiles. As a result, the automotive in-wheel motors Industry to eventually grow and raise the percentage of electric vehicles on the road.

Key Takeaways from the Automotive In-Wheel Motors Industry Report:
The United States might increase its Industry share by 20.1% between 2023 and 2033. Between 2023 and 2033, Germany may hold 6.3% of the automotive in-wheel motors industry. Japan’s share of the automotive in-wheel motors industry could reach 6.9% between 2023 and 2033. Australia to hold a 0.3% share of the automotive in-wheel motors Industry from 2023 to 2033. During the forecast period, the Chinese automotive in-wheel motors business to expand at a CAGR of 22.1%. From 2023 to 2033, the United Kingdom automotive in-wheel motors industry registered at a 15.8% CAGR. Through 2033, the Indian automotive in-wheel motors Industry to record a CAGR of 23%. The radial flux motor segment to acquire a substantial Industry share of 79.7% in the product type category between 2023 and 2033. The BEV sector to grab a significant automotive in-wheel motors Industry share of 73% in the technology category between 2023 and 2033.

Competitive Landscape:
The competitive outlook of the automotive in-wheel motors Industry is highly promising and competitive. Key automotive in-wheel motors manufacturers are investing in research and development activities to enhance their product offerings and gain a competitive edge. The Industry is witnessing increased adoption of automotive in-wheel motors technology, driving competition among manufacturers to capture a larger Industry share..

Leading Key Players:

The automotive in-wheel motors Industry is led by prominent players such as Protean Electric, Elaphe, ZIEHL-ABEGG, Printed Motor Works, NTN, TM4, HEINZMANN GmbH & Co. KG, and YASA Limited. These companies are at the forefront of innovation, driving advancements in electric vehicle technology by focusing on efficiency, power density, and integration capabilities. Their expertise and continuous investment in R&D are crucial for the Industry’s growth, catering to the increasing demand for electric vehicles with enhanced performance and sustainability.

Key Segmentations

By Product Type:

  • Axial Flux Motor
  • Radial Flux Motor

By Technology:

  • BEV
  • HEV
  • PHEV

By Vehicle Type:

  • Passenger Car
  • Commercial Vehicle

By Cooling:

  • Air Cooled
  • Liquid Cooled

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • Asia Pacific
  • Middle East Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automotive Door Hinges Industry Outlook: Projected to Reach USD 7.9 Billion by 2033, Expanding at a 5.5% CAGR | FMI Reports

Automotive Door Hinges Market
Automotive Door Hinges Industry

The global automotive door hinges industry is anticipated to reach a valuation of USD 4.6 billion in 2023 and is projected to grow to USD 7.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period.

Several factors are fueling the demand for automotive door hinges, including the increasing popularity of sport utility vehicles (SUVs) and passenger cars. The adoption of mass production techniques and advanced technologies such as artificial intelligence and machine learning is also driving growth in the automobile industry, thereby benefiting the automotive door hinges Industry.

A growing focus on driver and passenger safety is enhancing the demand for efficient automotive door hinge systems. Innovations in the automotive sector have led to a rise in demand for advanced tailgate and bonnet hinges, addressing critical safety and security concerns. These advancements are significantly propelling the Industry for automotive door hinge systems.

Urbanization and industrialization, combined with a growing working population’s need for personal transportation, are expected to further drive growth in the automotive hinges Industry. Additionally, global infrastructure development is likely to increase demand for commercial vehicles, which will also impact the automotive hinges Industry.

Government investments in public roadway transportation are anticipated to boost the automotive hinges Industry. The emergence of electric-operated hinges is expected to contribute to global demand as well. Moreover, the rising trend of customized vintage cars presents substantial opportunities for growth in the automotive hinges Industry.

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Key Takeaways

  • United States automotive door hinges Industry is expected to grow with a CAGR of 5.3% during the forecast period.
  • The Industry in China is expected to grow with a CAGR of 5.7% during the forecast period.
  • By sales channel, afterIndustry is projected to grow with a significant CAGR of 5.9% during the forecast period.
  • By material, steel segment is expected to grow with a CAGR of 6% throughout the forecast period.

“The introduction of electrically operated hinges and rising popularity of sports utility vehicles is expected to drive Industry growth during the forecast period”– comments an FMI Analyst

Competitive Landscape

The automotive door hinges Industry is highly competitive, with several key industry players investing heavily in the production of these services.

The key industry players are Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., DEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc., Pinnet Industrie, Monroe Hinge, Gestamp Group, Multimac Inc., Brano Group, Rell Precision Manufacturing Inc., The Paneloc Corporation, Saint Gobain.

Key Industry players are leveraging organic growth strategies like acquisition, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive door hinges Industry.

  • In January 2022, Dura Automotive Systems marked a significant milestone with the official inauguration of its advanced manufacturing facility in Muscle Shoals, Alabama.
  • In August 2021, Dura Automotive Systems announced its collaboration with ALMAC Co, LTD through a joint venture agreement. The partnership aims to manufacture automotive-grade aluminum extrusions and components that will contribute to enhancing the performance of lightweight and electric vehicle modules.
  • In April 2022, AISIN Group incorporated the SUV-style Battery Electric Vehicle (BEV) called “bZ4X” into its product lineup. This vehicle represents the first model of Toyota’s bZ Series.
  • In May 2019, Magna International introduced the Comfort+TM door latch hinge, a solution aimed at addressing concerns related to car door opening and closing while enhancing cabin quietness. This innovative Automotive Door Hinge reduces the effort required to operate the door and ensures a smooth and consistent feel during operation.

More Valuable Insights Available

Future Industry Insights offers an unbiased analysis of the global automotive door hinges Industry, providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive door hinges Industry, the Industry is segmented on the basis of sales channel, material, product, vehicle type and region.

Key Segments Profiled in the Automotive Door Hinges Industry Industry Survey

By Sales Channel:

  • OEM
  • After Industry

By Material:

  • Steel
  • Aluminum
  • Brass/Bronze/Composite Material

By Product Type:

  • Front & Rear Automotive Door hinges
  • Tailgate Hinges/ Bonnet Hinges

By Vehicle Type:

  • Passenger Car
    • Compact
    • Mid-Size
    • Luxury
    • SUV
  • LCV
  • HCV

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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L-carnitine Supplements Market is Encouraged to Reach USD 386 Million by 2033 | FMI

 L-Carnitine Supplements Market
L-Carnitine Supplements Market

According to a recent report by Future Market Insights, market research and competitive intelligence provider, in terms of revenue, The global L-carnitine supplements market is poised for substantial growth, projected to reach a valuation of USD 386 million by the end of 2033. This robust expansion reflects a compound annual growth rate (CAGR) of 6% over the forecast period from 2023 to 2033. The market’s upward trajectory is attributed to an increasing awareness among patients about the role of L-carnitine in managing various health conditions, coupled with a rise in chronic illnesses driven by unhealthy lifestyles and an aging global population.

The demand for L-carnitine supplements has seen a marked increase due to their application in treating complications associated with obesity, such as chronic fatigue, diabetes, and heart attacks. Additionally, L-carnitine is gaining popularity for its benefits in post-exercise recovery, weight management, and promoting healthy aging. The pharmaceutical industry’s growing need for nutritional interventions further accelerates this demand, as does the rising consumption of L-carnitine in the food and beverage sector for producing nutritional supplements.

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Recent trends in the L-carnitine supplements market include a shift towards vegan formulations to cater to the growing vegan population. Innovations in manufacturing processes, such as bioprocessing for higher yields and environmental benefits, are also noteworthy. Major market players are focusing on launching new product lines and expanding their geographic reach to strengthen their market position.

Key Takeaways from Market Study

  • The United States is the world’s third-largest market for biopharmaceuticals and a global leader in biopharmaceutical research and development. The growth of the pharmaceutical and biopharmaceutical sectors in the United States is predicted to increase the use of L-carnitine in medicines to treat diabetes, thyroid illness, high blood pressure, and coronary heart disease.
  • L-carnitine and its derivatives, provide considerable protective effects against severe COVID-19 individuals, according to researchers from the MRC Integrative Epidemiology Unit (IEU) at Bristol Medical School in the United Kingdom. According to the study, doubling carnitine levels in the blood reduces the incidence of severe COVID-19 by 40%. However, the favorable benefit of L-carnitine on severe COVID 19 patients is predicted to have a short-term impact on its demand.
  • The most frequent manufacturing processes are chemical synthesis and bioprocess. Due to the highest yield and environmental benefits it delivers, bioprocess generated the most market share in 2021, and this trend is expected to continue during the projection period.
  • Because of its capacity to synthesize L-carnitine on a large scale, the chemical synthesis method is steadily gaining traction. Asymmetric synthesis, chemical multi-step racemization, enzymatic approaches, resolution by diastereomeric derivatives, and synthesis employing chiral materials are only a few of the chemical procedures accessible for the synthesis of L-carnitine.

Who is Winning?

Due to the fierce rivalry, the sector is projected to face pricing pressure. Increased mergers have been observed in the market, and this trend is projected to continue during the forecast period. Increased market mergers are expected to raise rivalry among high-value firms even further. The industry is likely to see a surge in new market entrants, resulting in increased competition.

Ceva, for example, agreed to buy IDT Biologika GmbH’s veterinary biopharmaceutical business in 2019. IDT will manufacture human biotechnology vaccines and pharmaceuticals for worldwide and national markets as part of the deal. Ceva will be able to strengthen its biological innovation and development as a result of the acquisition.

Some of the leading companies offering L-carnitine supplements are Northeast Pharmaceutical Group Co. Ltd. (NEPG), Huanggang Huayang Pharmaceutical Co. Ltd, Lonza Group Ltd., Ceva Santé Animale S.A., Tokyo Chemical Industry Co. Ltd., and Kaiyuan Hengtai Chemical Co. Ltd.

“Market operators are finding it difficult to adapt their marketing strategies to each country’s restrictions as new rules regulating supplement markets are increasingly implemented in different countries. For a larger client base and a stronger worldwide presence, such players emphasize the separation of nutritional declarations and product ingredients according to the rules and consumer expectations. Furthermore, in order to reach rising vegan consumers, manufacturers are incorporating a line of vegan L-carnitine supplements into their product line too.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the L-carnitine supplements market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on L-carnitine supplements based on application (functional drink, medicine, healthcare product, and animal food), end-use (male infertility, kidney treatment, and bone mass), and distribution channel (online and offline) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

The global L-carnitine supplements market is set for significant growth, with a projected valuation of USD 386 million by 2033. The market’s expansion is driven by increasing health awareness, rising chronic diseases, and innovative applications in sports and nutrition. As key players continue to invest in research and development and explore new market opportunities, the L-carnitine supplements market is poised for a bright future.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Food Amino Acids Market to Reach at USD 19.6 Billion by 2033 | Future Market Insights, Inc.

Food Amino Acids Market
Food Amino Acids Market

The global food amino acids market is projected to have a moderate-paced CAGR of 9.3% during the forecast period. The current valuation of the food amino acids market is expected to worth US$ 8.1 billion in 2023. The value of the food amino acids market is anticipated to reach a high of US$ 19.6 billion, by the year 2033.

Key factors that are anticipated to propel the sales of food amino acids include an ageing population in advanced nations, rising health consciousness, and consumer expenditure on dietary supplements, which has been rising quickly.

Over the past few years, the price of raw materials required to produce amino acids, such as soybean oilseeds, wheat, and corn, has fluctuated. This trend is anticipated to persist during the projected period due to rising raw material usage for the manufacturing of other foods, which has led to a restricted availability for the synthesis of amino acids. Other obstacles causing a lack of raw materials for the manufacturing of amino acids include short-term causes like rising energy prices.

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Manufacturers are frequently compelled to produce amino acids in emerging economies using inferior substitutes like cassava or sorghum. In comparison to corn and soybean, these substitute components are less digestible. The production of food amino acid components is now the focus of ingredient producers in order to improve the nutritional qualities of functional foods and beverages. An important amino acid-containing whey protein component, for instance, was introduced in 2021 by one market participant specifically for the South American yoghurt industry.

Fitness lovers are becoming more and more enamored with functional meals and drinks that include BCCA because they promote muscle building and improve workout efficiency. To fulfil the rising demand from fitness channels, makers of sports supplements are creating a line of products based on amino acids. For instance, numerous businesses have increased the scope of their product offerings with the introduction of a novel BCCA functional beverage that promotes muscle repair.

Since lysine is required for hormone, antibody, and enzyme modulation, injury and operation healing, muscle development, bone strength maintenance, and bone strength maintenance. The market for these acids is anticipated to grow as glutamic acid is used more often as a savory component in a range of foods and drinks, including sauces, snacks, and ready-to-eat soups. Over the coming years, the market’s expansion is projected to be driven by the rising demand for amino acids as functional foods and the expanding use of glutamic acid as a taste enhancer in a variety of foods and drinks.

Amino acids have a wide range of uses, from taste creation and preservation to serving as a nutrient or building block of protein to specialty substances like aspartame. These uses are anticipated to drive the industry.

However, the rigorous regulatory requirements, particularly in western countries, on the amount and purity of amino acids that should be consumed daily in supplements are anticipated to impede market expansion. Alternative protein sources, grain price volatility, and regulatory framework are additional difficulties the market for food amino acids must consider.

Key Takeaways:

  • The United States is predicted to have a sizable share of the global food amino acids market throughout the forecast period. In the United States healthy hydration has gained increased acceptance. Furthermore, well-known beverage manufacturers are creating nutrient-rich drinks, including amino acid drinks, to strengthen their position in the healthy beverage markets.
  • Over the projected period, the food amino acids market in Japan is anticipated to expand considerably. The market for food amino acids presently belongs to it. A hybrid drinkable health supplement with essential amino acids and whey protein has been developed by leading companies in the nation and is a great aid for everyone who exercises.
  • The tryptophan product category is anticipated to generate the most income over the course of the forecast period because of its usage to increase serotonin levels in the brain and its capacity to promote sleep.
  • Since amino acids treat muscle tiredness and discomfort and maintain cardiovascular health, the nutraceuticals & dietary supplements application type, which accounts for a sizeable share, is the most innovative for important corporations.

Competitive Landscape:

Owing to both domestic and foreign rivals, the global food amino acids market is fragmented. In their respective niche markets, several firms hold sizable market shares. Large companies typically place high importance on natural occurrences like product approvals and the surge in demand for mood or performance enhancers. These factors are expected to drive the global food amino acids market to expand rapidly.

Key Players:

  • Ajinomoto Co. Inc.
  • Kyowa Hakko Kirin Co. Ltd.
  • Sigma-Aldrich Co. LLC
  • Prinova Group LLC
  • Daesang Corporation
  • Evonik Industries AG
  • AMINO GmbH
  • Taiwan Amino Acids Co. Ltd.
  • Bill Barr & Company
  • IRIS Biotech GmBH

Recent Developments:

  • In April 2017, Steria Performance, a brand-new amino acid mix including L-citrulline as one of its main ingredients, was introduced by Kyowa Hakko Bio Co.
  • In October 2019, Lysine and methionine, two crucial amino acids for the well-being of ruminants, are included in the amino acid supplement Kessent, which was introduced by Kemin Industries.

Key Segments

By Type:

  • Lysine
  • Glutamic Acid
  • Methionine
  • Tryptophan
  • Others

By Source:

  • Plant-based
  • Animal-based
  • Synthetic

By Application:

  • Nutraceuticals & Dietary Supplements
  • Infant Formula
  • Food Fortification
  • Convenience Food
  • Others

By Distribution Channel:

  • Direct
  • Indirect

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Food Glazing Agents Market Set to Reaching USD 7,533.2 Million by 2034 | Future Market Insights, Inc.

Food Glazing Agent Market

The food glazing agents market size is poised to cross US$ 4,353.1 million in 2024 and is likely to attain a valuation of US$ 7,533.2 million by 2034. The food glazing agent market share is projected to develop at a CAGR of 6% from 2024 to 2034.

The food glazing agents industry is experiencing a boom in demand for clean-label ingredients in response to increased customer demand for transparency and health-conscious options. Glazing agents originating from natural sources are increasingly used by manufacturers, who promote goods with reduced and accessible ingredient lists. This strategy is consistent with an industry trend in which clean and unambiguous labeling has become a differentiating element, appealing to a customer base that values authenticity and considers natural components healthier and more attractive.

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Incorporating functional ingredients is an apparent trend in the food glazing agents industry, correlating with the more significant consumer shift toward health and well-being. Manufacturers are including health-promoting features by utilizing the multifunctional capabilities of glazing agents. This method improves product attractiveness and portrays glazing agents as contributors to overall health, leveraging on today’s consumer preference for functional foods that provide actual health advantages.

Food technology advancements are transforming every aspect of the food glazing agents market, focusing on producing solutions with better functions. Companies are investing in R&D to create glazing agents with increased heat resistance, stability, and compatibility with various food matrices. This technology-driven strategy improves glazing agents’ performance. It places businesses at the forefront of innovation, allowing them to remain ahead of market competition and satisfy the increasing expectations of both customers and industry standards.

“Thriving in the dynamic food glazing agent market necessitates a nuanced understanding of regional intricacies and an agile approach to industry shifts. The landscape requires more than simply functional solutions; it calls for creativity, sustainability, and the capacity to adapt to different customer preferences and regulatory landscapes quickly.” says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways from the Food Glazing Agent Market Report:

  • In 2023, the global market size stood at US$ 4,134 million.
  • The beeswax ingredient type segment occupied 21% of the market shares in 2024.
  • The confectionery application segment captured 26% of the market share in 2024.
  • The market size in the United States is projected to rise at a 5.7% CAGR through 2034.
  • The market in Germany is anticipated to develop at an 8.0% CAGR through 2034.
  • The market in China is estimated to surge at a 4.3% CAGR through 2034.
  • Australia is expected to thrive at a 12.0% CAGR through 2034.

Competitive Landscape

A dynamic interaction of innovation, regulatory compliance, and strategic partnerships defines the food glazing market’s competitive environment. The market’s key competitors always compete to distinguish their offers, resulting in a vibrant environment characterized by a mix of established industry giants and nimble, niche-specific businesses.

Recent Developments Observed by FMI:

  • In December 2023, top performance nutrition firm Dymatize launched an extraordinary new product that blends the famed flavor of Dunkin’s Glazed Donut with the brand’s award-winning, scientifically validated hydrolyzed whey protein isolate.
  • In November 2023, Flagstone Foods, one of North America’s top producers and distributors of private-label snack nuts, added two new items to its small-batch kettle glazed nut collection: Cinnamon Churro Peanuts and Salted Caramel Macadamia Nuts. These flavor extensions were displayed at the 2023 Private Label Trade Show in Chicago, hosted by the Private Label Manufacturers Association.

Key Players in the Food Glazing Agent Market

  • Mantrose-Haeuser Co., Inc.
  • Capol GmbH
  • Strahl & Pitsch, Inc.
  • British Wax Refining Company Limited
  • Kerry Group
  • Masterol Foods Pty Ltd
  • ADM Corn Processing
  • DuPont de Nemours, Inc.
  • Wuhu Deli Foods Co., Ltd.
  • Ningbo J&S Botanics Inc.
  • Arla Foods Ingredients Group P/S
  • Macphie of Glenbervie Ltd.
  • Mantrose UK Ltd.
  • Poth Hille & Co Ltd.
  • Ningbo J&S Botanics Inc.
  • Zeelandia International B.V.
  • Flo Chemical Corporation
  • Ningbo Wanglong Technology Co., Ltd.

Food Glazing Agent Market Segmentation

By Ingredient Type:

  • Stearic Acid
  • Beeswax
  • Carnauba Wax
  • Candelilla Wax
  • Shellac
  • Paraffin Wax
  • Others (Montan and Lanolin Wax)

By Application:

  • Bakery
  • Confectionery
  • Processed Meat
  • Poultry & Fish
  • Fruits & Vegetables
  • Functional Foods
  • Others (Dairy Products & Convenience Foods)

By Ingredient Function:

  • Coating Agents
  • Surface Finishing Agents
  • Firming Agents
  • Film Agents
  • Others (Binding Agents and Stabilizing Agents)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Extruded Snacks Market Strategic Growth & Forecast Analysis – 2023-2033

Extruded Snacks Market
Extruded Snacks Market

The extruded snacks market is projected to be valued at US$ 79.1 billion in 2023 and is estimated to grow at US$ 150.4 billion by 2033. The sales of extruded snacks are likely to secure a CAGR of 6.6% during the forecast period.

The growing demand for nutrient-rich snacks, changing consumers’ preferences, and craving spicy food are the factors increasing the adoption of extruded snacks. The growing popularity of wafers and low moist food further drives the market growth. The rising low-cost packed food among consumers is increasing the demand for extruded snacks. Manufacturers develop packed food items with high calories increasing food shelf-life and growing market size.

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The changing consumer’s ready-to-eat habits and growing consumption of fiber foods are boosting the demand for extruded snacks during the forecast period. Manufacturers are growing the food and beverages sector by innovating healthy diet snacks, which in turn, increasing market opportunities.

How Manufacturers are Increasing Sales of Extruded Snack

Extruded snack machine are utilized to heat up the products and give it a required or near-identical shape. For instance, breakfast cereals, pet foods, other pre-formed snacks are made using extruded machines as they can create a top-level of consistency in snack which are consumed every morning. Therefore, manufacturers use these machine for a variety of purpose, which is driving the market growth.

Growing consumer awareness and experimenting with new food items drive the market expansion. The food and beverage sector continues to experiment to provide extruded snacks for every age group people, which consequently increase the market share. The food industries providing health-conscious dietary snacks to fitness freak trainers are further booming the market opportunities. Furthermore, the adoption of easy-to-digest and light raw materials found in snacks, estimated to boost the market revenue.

Key Takeaways:

  • The extruded snacks market is expected to have a valuation of US$ 150.4 billion by 2033.
  • With a CAGR of 6.6%, the global market increasing from 2022 to 2033.
  • The United States extruded snacks market is anticipated to record a CAGR of 4.5% through 2033.
  • With a CAGR of 7.7%, the United Kingdom market is likely to uplift during the forecast period significantly.
  • The China market is expected to capture a CAGR of 5.4% over the forecast period.
  • Japan market is expected to register a CAGR of 7.7% from 2023 to 2033.

Competitive Landscape:

The prominent players are present all around the globe, consolidating the market during the forecast period. The key vendor’s innovative new technologies to develop unique snack food items propel the market growth. Manufacturers use extruded snack machines to boost production and provide multiple extruded snacks.

These players further aim at adopting various marketing tactics to increase the market growth. These marketing tactics are acquisitions, mergers, partnerships, product launches, and agreements. The innovation of new ancillary equipment is maintaining the proper texture and flavor, which in turn, booming market opportunities.

Other Prominent Players in the Market are:

  • Frito Lay Inc.
  • PepsiCo, Inc.
  • ITC,
  • Kellogg’s
  • Calbee
  • Old Dutch Foods
  • Modalez International Inc
  • Robina Corporation
  • JFC International
  • Others

Recent Developments in the Extruded Snacks Market:

  • In Mar 2018, the United States-based Campbell Soup acquired Snyder to grow its product portfolio.
  • In Oct 2019, Calbee, a United state based company acquired Warnock Food Products, a Japan-based food company to boost its snack business in the country.

Key Segments

By Product Type:

  • Potato
  • Corn
  • Wheat
  • Rice
  • Oats
  • Multi-grains
  • Others

By Type:

  • Simply Extruded
  • Expanded
  • Co-extruded

By Distribution Channel:

  • Hypermarkets & Supermarkets
  • Convenience Stores
    • commerce Platform
  • Specialty Stores
  • Retail Stores
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Food Grade Gases Market is likely to Reach a Valuation of USD 14.2 Billion by 2034 | Future Market Insights Inc.

Food Grade Gases Market
Food Grade Gases Market

The total demand for food grade gases by industries worldwide surged 5.4% between 2019 and 2023, concluding at a sales valuation of US$ 7.4 billion. In 2024, the total production of food grade gas is estimated to be around US$ 7.8 billion in terms of value.

Based on recent industry analysis reports, the worldwide demand for food grade gas is expected to increase at a compound annual growth rate of 7.0% through 2034. Furthermore, the total sales of food grade gas are expected to reach around US$ 14.2 billion by 2034 end.

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Food grade gases serve as crucial ingredients for modern preservation and transportation techniques. Carbon dioxide and liquid nitrogen are the leading segments, as these gases help keep the necessary temperatures during transit.

Food grade gas producers who have established themselves as essential collaborators in the food industry’s modernization are more competitive these days. Food producers also trust the leading market players as they prioritize quality assurance and regulatory compliance,” said an FMI analyst.

Key Takeaways from the Global Food Grade Gas Market Study Report

  • The share of the United States in the global food grade gas market is estimated to be around 20% in 2024. During the projected years, it is expected to expand at a CAGR of 5.4%.
  • The food grade gas industry in Germany is likely to contribute to nearly 7% of global sales in 2024. Over the forecast years, it is expected to grow further with a 6.5% CAGR.
  • Australia is emerging as a lucrative market in the global food grade gas industry landscape with a 3% revenue share in 2024. Over the next ten years, it is expected to expand at 7.5% CAGR.
  • China holds a significant share of the Asian food grade gas industry, with a 15% global share in 2024. It is expected to advance further at 6.3% CAGR till 2034.

Competitive Landscape for Food Grade Gas Market Players

The overall market is highly consolidated as there are very few industries in the world holding significant market shares in distinct geographical regions. However, many regional players have surfaced in the last few years in response to supply chain gaps observed during the pandemic years.

Recent Developments by the Food Grade Gas Producers

In May 2023, Messer revealed its plans to open a carbon dioxide (CO2) recovery facility in Austria by early 2024. CO2 It has plans to extract and purify CO2 from an industrial company’s flue gas using OASE blue technology from BASF. The leading industrial gas specialists are now looking to improve their supply stability in Western Austria, South Tyrol, Eastern Switzerland, and Bavaria.

In April 2023, AMETEK MOCON introduced the electronic mixing concept with the Dansensor MAP Mix Focus in the market. Food-grade MAP gases are precisely and consistently mixed using this new mid-capacity gas mixer. Similar to its predecessor with a high capacity, the Dansensor MAP Mix Focus boasts an intuitive interface.

Key Segments Covered by Food Grade Gas Industry Survey Report

By Product Type:

  • Carbon Di Oxide
  • Nitrogen
  • Oxygen
  • Sulfur dioxide
  • Other Product Types

By Application:

  • Freezing & Chilling
  • Packaging
  • Carbonation
  • Other Applications

By End Use Verticals:

  • Dairy & Frozen Products
  • Fish & Sea Food
  • Meat
  • Beverages
  • Fruit & Vegetables
  • Bakery & Confectionery
  • Other Verticals

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Proteomics Market Set to Exceed with Anticipated Growth to Reach USD 109,485.7 Million by 2032

In a groundbreaking projection released by Future Market Insights (FMI), the global proteomics market is on track to achieve a remarkable milestone, with anticipated demand expected to surpass USD 30,825.04 million by 2022. This forecast, highlighted in FMI’s latest report, underscores the escalating significance of proteomics in advancing biological research and driving healthcare innovation on a global scale.

The FMI report reveals a dynamic and promising trajectory for the proteomics market, forecasting a substantial increase to an estimated USD 109,485.7 million by 2032. This impressive growth reflects a Compound Annual Growth Rate (CAGR) of 13.5%, signaling a robust expansion and the sector’s enduring potential.

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Proteomics, the pivotal study of proteins and their intricate functions within biological systems, has emerged as a cornerstone of scientific advancement with far-reaching implications across diverse industries. Fuelled by technological breakthroughs, enhanced comprehension of disease mechanisms, and escalating demand for personalized medicine, proteomics continues to reshape the landscape of healthcare and biotechnology.

Commenting on the projected growth at FMI, stated, “The escalating demand for proteomics underscores its pivotal role in advancing biological research and transforming healthcare delivery. With a profound impact on disease diagnosis, drug discovery, and therapeutic interventions, proteomics is poised to drive unprecedented innovation and redefine the future of medicine.”

Key highlights from the report include:

  • Projection of global proteomics market demand to surpass USD 30,825.04 Million by 2022.
  • Anticipated market value to reach an estimated USD 109,485.7 Million by 2032, at a CAGR of 13.5%.
  • Factors driving growth include technological advancements, enhanced understanding of disease mechanisms, and rising demand for personalized medicine.

The release of this report heralds a new era of opportunity and progress in the realm of proteomics, offering stakeholders invaluable insights into emerging trends, challenges, and opportunities shaping the market landscape.

Proteomics Market: Drivers & Restraints

Growing demand for personalized medicine market, technological advancement, innovation, increase availability of funds from both private and public sector for proteomics increasing healthcare expenditure, increasing genetic disorders, birth disorders are the most important driving factors in proteomics market.

Since growth of pharmaceutical and biopharmaceutical market is fast, the demand for proteomics market has increased. With so many advantages and splendid features of proteomics, it has few disadvantages too. High cost of the medicines and devices and lack of professional researchers are acting as a barrier for proteomics market.

Proteomics Market: Regional Outlook

The proteomics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, proteomics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for proteomics market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.

Proteomics Market: Top Players

Some of the key market players proteomics market are Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Genzyme Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Affymetrix Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Proteomics Market: Key Segmentation

By Equipment:

  • Chromatography
  • Mass Spectroscopy
  • Protein Microarray
  • X-ray Crystallography
  • Protein fractionation
  • Others

By Services:

  • Laboratory Service
  • Data Analysis and Services

By Application:

  • Drug discovery
  • Clinical Diagnosis
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Physical Therapy Supplies Market Poised for Significant Growth, Reaching USD 27.1 Billion by 2034 at a CAGR of 5.2%

The global physical therapy supplies market is experiencing remarkable growth, with projections indicating it will reach USD 16.3 billion in 2024. This upward trajectory is expected to continue, with a compound annual growth rate (CAGR) of 5.2% projected from 2024 to 2034. By 2034, the market is anticipated to achieve an impressive USD 27.1 billion.

Physical therapy supplies are integral in enhancing mobility, building strength, supporting healing, and maintaining overall health. These supplies include a wide range of equipment designed to aid patients in managing their recovery effectively. Personal equipment enables patients to actively engage in their rehabilitation process, leading to more tailored and efficient recovery.

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For individuals dealing with pain from injuries or neurological disorders, physical therapy often plays a crucial role in recovery. By integrating traditional equipment with modern technology, physical therapy provides significant benefits, including improved motor function and overall physical health. Physical therapists employ various tools and techniques, customizing their approach to meet each patient’s unique needs and conditions.

Recent research highlights the effectiveness of diverse physical therapy techniques for treating neurological disorders, musculoskeletal conditions, and post-surgical recovery. Studies consistently demonstrate how specific methods, exercises, and modalities positively impact patient outcomes, functional improvements, and quality of life.

Technological advancements are revolutionizing the physical therapy field. Innovations such as wearable technology for tracking patient progress, virtual reality (VR) for pain management and rehabilitation, and remote physical therapy via telehealth platforms are enhancing treatment efficacy and expanding accessibility to services. These developments are reshaping the landscape of physical therapy, reflecting the growing emphasis on personalized, technology-driven rehabilitation solutions.

The continued expansion of the physical therapy supplies market underscores the increasing recognition of the importance of advanced therapy techniques and equipment. This robust growth trajectory is a testament to the evolving needs of patients and the ongoing advancements in physical therapy solutions.

Physical therapy supplies are expected to experience rapid growth due to the introduction of more advanced medical equipment and the expansion of rehabilitation centers. Interdisciplinary approaches to healthcare and innovations in medical technology have resulted in a new generation of innovative healthcare devices on the market. The demand for these devices is expected to expand.” – opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Physical Therapy Supplies Market:

  • Historically, physical therapy supplies generated a 4.9% CAGR from 2018 to 2023.
  • A CAGR of 5% is predicted for the United States market through 2034.
  • India is expected to exhibit a 6.1% CAGR over the forecast period.
  • A CAGR of 5.8% is expected to be achieved between 2024 and 2034 in China’s market.
  • Based on type, ultrasound captured 42% of the market in 2023. It is expected that the market will continue to grow in the coming years.

Physical Therapy Supplies in Demand: Check Out Our Full Report for a Complete Overview of the Trends and Insights!

Competitive Landscape:

A wide range of physical therapy supplies can be found in the market, including exercise equipment, electrotherapy devices, mobility aids, treatment tables, and other accessories.

The physical therapy supplies industry is largely driven by businesses that provide products that assist patients in their recovery and rehabilitation. In light of the ever-increasing need for efficient physical therapy and rehabilitation solutions, the market is expected to continue to grow.

Recent Development:

  • In August 2024, Physiotattva partnered with BTL to create an industry-leading pain management system. By using BTL, patients receive advanced rehabilitation equipment, focusing on pain pathways such as pain gates, opioid theory, and nociceptors. By 2025, the company intends to operate in at least two countries, five states, and 15 cities, and have about a hundred centers.

Key Players of the Physical Therapy Supplies Industry:

  • BTL
  • EMS Physio Ltd.
  • Dynatronics Corporation
  • RICHMAR
  • Performance Health
  • Storz Medical AG
  • Zimmer MedizinSysteme GmbH
  • ITO Co. Ltd.
  • Enraf-Nonius
  • Whitehall Manufacturing

Key Segments of the Physical Therapy Supplies Market:

By Type:

In terms of type, the industry is divided into hydrotherapy, cryotherapy, continuous passive motion, ultrasound, electric stimulation, heat therapy, therapeutic exercise, and others.

By Demographics:

In terms of capacity, the industry is segregated into a non-geriatric population and, a geriatric population.

By Application:

In terms of application, the industry is segmented into neurology (stroke, spinal cord injuries, Parkinson’s disease, multiple sclerosis, cerebral palsy, and others), musculoskeletal, pediatrics, cardiovascular & pulmonary, and others.

By End-use:

The industry is classified by end-use industries as hospitals & clinics, rehabilitation centers, and others.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, South Asia, East Asia, Middle East and Africa have been covered in the report.

About the Healthcare Division at Future Market Insights

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

Explore FMI’s related ongoing Coverage on Healthcare Market Insights Domain:

The Non-injectable Insulin Market Share: The non-injectable insulin market is projected to generate USD 1,372.9 million in 2024. non-injectable insulin market revenue is predicted to reach USD 4,418.70 million by 2034. A CAGR of 9.50% is expected for the non-injectable insulin market during the forecast period.

The Ultrasound Market Development: The ultrasound market is set to be valued at USD 11.70 billion in 2024 and is projected to reach USD 20.40 billion by 2034, exhibiting a modest CAGR of 5.80% over the forecast period.

The Synthetic Biology Market Opportunity: The synthetic biology market is expected to rise from USD 3.75 billion in 2024 to USD 31.73 billion by 2034, growing at a lucrative 23.8% CAGR over the forecast period.

The Cardiology Information System Market Forecast: The cardiology information system market is estimated to be valued at USD 1.3 billion in 2024. The cardiology information system is predicted to rise at a CAGR of 9.7% from 2024 to 2034. The global cardiology information system market is anticipated to reach USD 3.7 billion by 2034.

The global mast cell tumor treatment market opportunity is expected to reach USD 7,836.4 million by 2034, owing to different industry trends and drivers. The sector is expected to reach USD 5,609.4 million by 2024. This change in the valuation can be attributed to a CAGR of 3.4% through the forecast period.

The global difficult to express protein market development is expected to ascend at a CAGR of 8.5% from 2024 to 2034, as per Future Market Insights’ report. The industry value is projected to increase from USD 4,576.9 million in 2024 to USD 10.3 billion by 2034.

The projected global patient portal market strategies is likely to hit the USD 4,800.3 million valuation mark by 2024. Projected to an impressive CAGR of 14.8% through 2034, the ecosystem is set to reach USD 19.08 billion by the end of the forecast period.

The global bone cement delivery system market outlook is expected to expand at a CAGR of 6.2% through 2034. The industry value is projected to increase from USD 942.4 million in 2024 to USD 1,719.8 million by 2034.

The global elastography imaging market overview is expected to progress at a CAGR of 10.5%. The industry’s value is projected to increase from USD 3,841.6 million in 2024 to USD 10,426.4 million by 2034.

The global intracardiac imaging market trends is expected to advance at a CAGR of 5.8%. The value of the industry is projected to increase from USD 744.3 million in 2024 to USD 1,308 million by 2034.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Surgical Sutures Market Set for Unprecedented Growth, Projected to Reach USD 7,170.1 Million by 2034 at a modest CAGR of 4.20%

The global surgical sutures market is poised for remarkable expansion, with forecasts predicting a valuation of USD 4,751.7 million by 2024. This growth is driven by a surge in chronic and age-related illnesses, exacerbated by unhealthy lifestyles and rising stress levels. As the demand for effective surgical interventions intensifies, the need for surgical sutures is expected to escalate across diverse healthcare settings, including hospitals, ambulatory surgical centers, clinics, and cardiovascular hospitals.

Key innovations such as robotic-assisted suturing and advanced barbed sutures are transforming the landscape of surgical sutures. These cutting-edge technologies provide distinct advantages over traditional staples and tapes, contributing to a robust Compound Annual Growth Rate (CAGR) of 4.20%. By 2034, the global surgical sutures market is projected to soar to USD 7,170.1 million, reflecting a strong growth trajectory.

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Surgical sutures, a fundamental component of medical practice for centuries, are undergoing a renaissance in today’s advanced healthcare environment. The integration of minimally invasive techniques and state-of-the-art medical technology is enhancing treatment efficacy and patient safety. This evolution mirrors broader trends in healthcare, where precision and innovation are reshaping patient care.

The global shift towards sophisticated wound care solutions underscores a significant transformation within the healthcare industry. Healthcare providers are increasingly adopting these advanced suturing technologies to achieve superior patient outcomes. Furthermore, governments worldwide are prioritizing investments in healthcare infrastructure across both developed and emerging regions, fostering medical inclusivity and driving further market growth.

As technology continues to redefine medical practices, the global surgical sutures market stands at the forefront of this progress. With ongoing advancements in surgical care, the market promises to deliver enhanced patient outcomes and continued innovation in healthcare worldwide.

With the advent of new methodologies in the healthcare sector, it is very evident that the market for surgical sutures, too, will undergo tremendous change. This is why companies involved in the manufacturing of surgical sutures always have to be on their toes seeking novel innovations and best-in-class materials to provide effective as well as affordable sutures to the healthcare facilities”, opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Market Study:

  • The absorbable surgical sutures segment dominates the global market with a share of 61.70% in 2024.
  • Based on the raw materials, the synthetic segment leads the surgical sutures market with a share of 51.60% in 2024.
  • The surgical sutures market in the United Kingdom is anticipated to grow at a CAGR of 3.70% through 2034.
  • The surgical sutures market in China is estimated to rise at a 6.90% CAGR through 2034.
  • The surgical sutures market in France has the potential to increase at 4.00% CAGR through 2034.
  • The Brazilian surgical sutures market is predicted to rise by 3.60% CAGR through 2034.
  • The surgical sutures market in India is very likely to grow at a CAGR of 5.10% through 2034.

Surgical Suture Market Poised for Bright Future Amidst Competitive Medical Device Landscape:

In the ever-evolving medical sector, advancements continue to foster the development of surgical procedures and equipment that not only enhance effectiveness but also emphasize affordability and environmental sustainability. The surgical suture market, a critical segment within this sphere, is demonstrating promising growth prospects in comparison to its competitive counterparts, namely the surgical stapling device market and the suture anchor device market.

Recent analytics reveal varying growth rates within these sectors, each presenting unique challenges and trends. However, the surgical suture market is distinguished by its robust trajectory, likely outpacing its competitors in the near future. This optimism is based on comprehensive market analysis and emerging trends favoring the versatile applications of surgical sutures.

The surgical stapling device market, while innovative, faces challenges related to cost and complexity of operations. On the other hand, the suture anchor device market, though growing, confronts hurdles in widespread clinical acceptance and material compatibility. In contrast, the surgical suture market benefits from broad-based acceptance across a variety of surgical disciplines, underpinned by ongoing improvements in material technology and surgical techniques.

Explore the Growing Demand for Surgical Suture: Get All the Insights in Our Comprehensive Report!

Competitive Landscape:

  • The surgical sutures market is highly established with numerous players and healthcare facilities having a strong foothold in the market.
  • In recent years, the prominence of these companies has considerably increased as healthcare facilities rely heavily on their offerings.
  • To cater to the demands of eco-conscious consumers and businesses, several companies have begun investing heavily in the development of bio-degradable and natural surgical sutures.
  • Some of the most prominent companies in the market include Amgen Inc., Antares Pharma Inc., Becton Dickinson and Company, Consort Medical Plc (Bespak), Crossjet, and Medtronic plc.

Recent Developments:

  • Mankind Pharma and ChrysCapital bid for Healthium Medtech, a surgical supplies company owned by Apax Partners, amidst tough competition in March 2024.
  • Jesse Nawrocki’s STRATAFIX™ sutures, introduced in May 2023, revolutionized surgical procedures, making them safer and more efficient.
  • MIT engineers introduced smart sutures in May 2023, which could detect inflammation and deliver drugs, marking a significant advancement in medical technology.
  • Genesis MedTech gained NMPA approval in China for its antibacterial sutures in September 2023, reducing surgical site infection risk.
  • In April 2024, Samyang Holdings Corp. inaugurated a $22 million surgical suture plant in Hungary, enhancing its presence in Europe.
  • Healthium Medtech’s TRUMAS, India’s first exclusive range of sutures for minimal access surgery, launched in August 2023, promising to revolutionize suturing during minimal access procedures.

Key Companies:

  • B.Braun Melsungen AG
  • Johnson & Johnson (Ethicon)
  • CP Medical
  • Atramat
  • Medtronic (Covidien)
  • DemeTECH Corporation
  • Teleflex Incorporated (Teleflex Medical OEM)
  • Sutumed
  • Kono Seisakusho Co.,Ltd
  • Mani Inc.
  • Olimp- Surgical Sutures
  • Lotus Surgicals
  • Unisur Lifecare Pvt Ltd. (Universal Sutures)
  • GMD Group
  • Dynek Pvt Ltd
  • Unilene Advanced MedTech Solutions Pvt. Ltd
  • Corza Medical
  • Dolphin Sutures

Key Segments of the Surgical Sutures Industry:

By Product:

  • Surgical Sutures
  • Mechanical Sutures

By Suture Material:

  • Absorbable Sutures
  • NonAbsorbable Sutures

By Filament:

  • Monofilament/Barb Sutures
  • Multifilament/Braided Sutures

By Raw Material:

  • Natural Sutures
    • Silk Sutures
    • Catgut Sutures
  • Synthetic Sutures
    • Polyglactin 910 Sutures
    • Polyglecaprone 25 Sutures
    • Polydioxanone Sutures
    • Polyglycolic Acid Sutures
    • Nylon Sutures
    • Prolene Sutures
    • Stainless Steel Sutures
  • Others

By Coating:

  • Coated Sutures
  • NonCoated Sutures

By Application:

  • General Surgery
  • Gynecology Surgery
  • Orthopedic Surgery
  • Ophthalmic Surgery
  • Cosmetic & Plastic Surgery
  • Cardiac Surgery
  • Others Applications

By End User:

  • Hospitals
  • Specialized Clinics
  • Ambulatory Surgical Centers

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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