Asia Pacific Dental Market for Growth, Projected to Reach USD 18,235.6 Million in 2034 at a 5.2% of CAGR

Dental Industry in The Asia Pacific
Dental Industry in The Asia Pacific

The dental industry across the Asia Pacific region  reached USD 10,518.7 million in 2023. Over the forecast period, the Asia Pacific dental industry is anticipated to rise at 5.2% CAGR. The industry is predicted to increase from USD 11,139.8 million in 2024 to USD 18,235.6 million in 2034.

General well-being depends on dental health, and as the need for high-quality dental care increases throughout Asia Pacific, so does public awareness of the importance of maintaining oral hygiene and aesthetics. Patients’ expectations and choices for everything from sophisticated treatments and cosmetic procedures to preventive care and regular check-ups are rising, according to the dental industry.

The tremendous expansion of the dental industry in the Asia Pacific region is being driven by the rising demand for dental treatments. It is projected that rising awareness of the value of oral health and dental care will increase demand for dental services and treatments, propelling market growth.

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Key Takeaways:

  • The Asia Pacific dental industry reached a valuation of US$10.5 billion in 2023 and is projected to reach US$18.2 billion by 2034, reflecting a steady CAGR of 5.2%.
  • Rising disposable income, increasing awareness of oral health, and growing geriatric population are key drivers of market growth.
  • Expanding dental insurance coverage and a flourishing medical tourism industry are expected to further propel the market forward.

Competitive Landscape:

Product launch is set to be a powerful promotional strategy for leading companies, offering a multifaceted approach to showcasing its commitment to innovation, patient care, and scientific advancement.

To fulfill end-user demand, key companies invest in research & development to produce new products and increase their manufacturing capacity. To expand their presence, leading players are directed toward implementing growth strategies such as collaborations, acquisitions, mergers, and facility expansions.

For instance

  • In April 2023, ZimVie Inc. introduced two new products to its biomaterials portfolio. One of the products is named RegenerOss® CC allograft particulate. It is a natural amalgamation of cortical and cancellous bone particles.
  • In May 2023, Philips, a global leader in health technology, announced the launch of the Philips CT 3500, a new high-throughput CT system targeting the needs of routine radiology and high-volume screening programs.

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Key Companies Profiled:

  • 3M Company
  • Dentsply Sirona
  • ZimVie Inc.
  • Koninklijke Philips N.V.
  • Ultradent Products Inc.
  • STRAUMANN GROUP
  • Ivoclar Vivadent AG
  • Kerr Corporation
  • Colgate-Palmolive Company
  • Procter & Gamble
  • PLANMECA OY
  • Septodont Holding
  • BIOLASE, Inc.
  • Henry Schein, Inc.
  • Höganäs AB
  • Stratasys Ltd.

Asia Pacific Dental Industry Segmentation by Category:

By Product:

  • Equipment
    • Dental Radiology Equipment
      • Extra Oral Radiology Equipment
      • Intra Oral Radiology Equipment
      • Cone Beam Computed Tomography (CBCT)
    • Dental Lasers
      • Soft Tissue Laser
        • Gas Lasers
        • Diode Laser
      • All Tissue Laser
    • Dental System
      • Dental Chairs
      • Hand Pieces
      • Light Cure Equipment
      • Scaling Units
      • CAD/CAM Systems
    • Dental Instruments
      • Air Polishing Devices
      • Dental Scaler
      • Dental Burs
  • Consumables
    • Orthodontics
      • Dental Braces
      • Molar Bands
      • Wires
      • Retainers
      • Other Orthodontics
    • Endodontics
      • Permanent Sealers
      • Files
      • Obturation Devices
      • Other Endodontics
    • Hygiene Maintenance Products
      • Sterilizers
      • Air Purification & Filters
      • Hypodermic Needle Incinerator
    • Whitening
    • Crowns & Bridges
    • Implants
    • Prosthetics
    • Sealants
    • Other Consumable

By Application:

  • Diagnostics
  • Surgical
  • Treatment

By End-user:

  • Hospitals
  • Dental Support Organizations (DSO)
  • Dental Clinics
  • Dental Laboratories

By Country:

  • China
  • Japan
  • South Korea
  • India
  • Philippines
  • Malaysia
  • Thailand
  • Indonesia
  • Singapore
  • Rest of South Asia

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Global Foldable Steel Containers Market Set to Expand, Projected to Reach US$ 148.0 Million by 2033

Global Foldable Steel Containers Market
Global Foldable Steel Containers Market

The global market for foldable steel containers is poised for substantial growth, with forecasts indicating a Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033. The market value is projected to increase from US$ 95.3 million in 2023 to US$ 148.0 million by 2033, reflecting a promising outlook for the industry.

Foldable steel containers have emerged as versatile solutions for storage and shipping needs across various sectors, offering flexibility and cost-effectiveness. Their foldable design optimizes space utilization, making them ideal for logistics and shipping, where minimizing wasted return space is crucial for cost reduction and environmental impact mitigation.

The growth of the foldable steel containers market is fueled by several factors, including the increasing demand for cost-effective storage and shipping solutions compared to traditional containers. Additionally, technological advancements are enhancing the features of foldable steel containers, such as improved durability and security, making them more appealing to a wide range of customers.

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Key Advantages of Foldable Steel Containers:

  • Space Optimization: Foldable design allows for efficient utilization of storage and transportation space when empty. This is crucial in the logistics and shipping industries where minimizing wasted space translates to cost reduction and environmental benefits.
  • Global Trade Compatibility: Standardized designs ensure compliance with international transportation regulations, facilitating seamless stacking and securing on ships, trains, and trucks for efficient intermodal transit. This advantage is especially beneficial for companies participating in global supply chains.
  • Sustainability: Foldable steel containers are reusable and recyclable, contributing to reduced waste generation and environmental impact. This aligns with the growing focus on circular economies and environmentally conscious practices favored by both businesses and consumers.
  • Disaster Relief Applications: The flexible and versatile nature of these containers makes them ideal for rapid deployment as temporary shelters or storage solutions in disaster zones. This swift response capability plays a vital role in effective disaster relief operations.
  • Improved Design and Functionality: Advancements in technology and design have led to foldable steel containers with enhanced durability, rigidity, and security features. This makes them suitable for transporting delicate or valuable goods, with increased load-bearing capacity and structural integrity driving market growth.

Growth Drivers:

  • Cost-Effectiveness: Compared to traditional containers, foldable steel containers offer a more affordable solution for storage and shipping needs, propelling market demand.
  • Technological Advancements: New features like enhanced durability, security, and compatibility with automation and robotics in manufacturing are attracting potential customers.

Future Trends:

  • E-commerce and Last-Mile Delivery: The rising popularity of e-commerce is expected to further drive the demand for foldable steel containers due to their suitability for last-mile delivery solutions.
  • Eco-Friendly Materials and Treatments: Development of eco-friendly coatings and corrosion-resistant treatments for steel containers is a key trend contributing to market growth.
  • Security Enhancements: Integration of innovative security features like GPS tracking will be crucial for protecting valuable goods during transportation.

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Market Innovation:

Innovation in the Foldable Steel Containers Market is driving efficiency and sustainability in global logistics and shipping operations. Manufacturers are continually developing new designs and materials to enhance the durability, flexibility, and usability of foldable steel containers. Advanced engineering techniques are being employed to optimize the folding mechanisms, allowing for easier and quicker folding and unfolding processes.

Moreover, innovations in materials technology are enabling the production of lighter yet robust steel containers, reducing transportation costs and environmental impact. Integration of smart technologies such as RFID tags and GPS tracking systems enhances supply chain visibility and enables better inventory management.

Furthermore, customization options are becoming increasingly available, allowing businesses to tailor foldable steel containers to specific storage and shipping needs. With the growing emphasis on eco-friendly practices, manufacturers are also exploring sustainable materials and production methods, aligning with global sustainability goals.

Overall, innovation in the Foldable Steel Containers Market is revolutionizing the logistics industry by offering more efficient, durable, and environmentally friendly solutions for storage and transportation needs.

Competitive Landscape Analysis

  1. Schoeller Allibert USA
  2. Bekuplast GmbH
  3. Steel King Industries Inc.
  4. SPS ideal Solution Inc.
  5. Loadhog Ltd.
  6. KTP Kunststoff palettentechnik GmbH
  7. RPP Containers Inc.
  8. United Rentals Australia Pty Ltd.

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Key Segments: 

by Material:

  • Stainless
  • Carbon

by End Use Industry:

  • Transport & Logistics
  • Food and Beverage
  • Agriculture
  • Pharmaceuticals & Cosmetics
  • Other End Use Industries (Automobile, etc.)

by Region:

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

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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.

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Global Menopause Treatment Market for Explosive Growth, Projected to Reach USD 1,308.00 Million by 2034 at a 5.6% of CAGR

Menopause Treatment Market
Global Menopause Treatment Market

The global Menopause Treatment market is anticipated to increase dramatically due to changes in women’s health. The recently updated estimate of USD 758.5 million for 2024 demonstrates the common pattern of variables driving the market for menopause treatments. By 2034, sales of menopausal therapy products might reach USD 1,308.00 million as these trends gain traction and gain broader acceptance. This implies that from 2024 to 2034, the Compound Annual Growth Rate (CAGR) would be 5.6% on average.

Menopause is a natural biological process that ends a woman’s reproductive years and can produce a range of symptoms and challenges. Growing awareness of menopause-related illnesses and advancements in medical research and treatment options are driving the need for menopause-related services.

The global Menopause Treatment market is experiencing significant growth driven by a greater focus on individualized healthcare solutions and a deeper understanding of menopause symptoms. As women’s health becomes increasingly personalized, there is a notable movement toward customized treatment modalities to address the diverse obstacles and symptoms associated with menopause.

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Furthermore, a growing number of individuals are learning about the menopause and the diverse array of symptoms it may induce. Ultimately, this helps the market since it makes it possible for women to get the care and solutions they need to manage these symptoms. As more women become aware of the illness, the market for alternatives to menopause therapy is expected to expand.

Key Takeaways:

  • The global menopause treatment market is expected to reach US$1.31 billion by 2034, growing at a CAGR of 5.6% from its 2024 valuation of US$758.5 million.
  • Rising demand for personalized treatment options is a key growth driver, as women seek solutions tailored to their unique menopausal experiences.
  • Increased awareness of menopause and its symptoms is prompting more women to seek treatment, propelling market growth.

Competitive Analysis:

Several menopause treatment providers dominate the competitive landscape, propelling developments and determining the market shift. Renowned pharmaceutical companies such as Eli Lilly and Company, Merck KGaA, Novartis AG, Bayers AG, and Pfizer, Inc. are at the vanguard. These menopause treatment providers’ comprehensive expertise and resources make them essential for market growth.

The prominent menopause treatment vendors comprise Novo Nordisk, Ascend Therapeutics, Mylan N.V. [Viatris], Cipla, Inc., and Glenmark Pharmaceuticals Ltd., each bringing their diverse strengths and product portfolio. Emerging menopause treatment creators like MenoGeniX, Perrigo Pharma International D.A.C., Ausio Pharmaceuticals, LLC, EndoCeutics, Inc., and Radius Health, Inc. bring innovation and modernization to the competitive landscape.

Top Menopause Treatment Providers:

  • Eli Lilly and Company
  • Merck KGaA
  • Novartis AG
  • Bayers AG
  • Pfizer, Inc.
  • Novo Nordisk
  • Ascend Therapeutics
  • Mylan N.V. [Viatris]
  • Cipla, Inc.
  • Glenmark Pharmaceuticals Ltd.
  • MenoGeniX
  • Perrigo Pharma International D.A.C.
  • Ausio Pharmaceuticals, LLC
  • EndoCeutics, Inc.
  • Radius Health, Inc.

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Key Segments

By Product:

  • Hormone Therapy
    • Combination
    • Tibolone
    • Progestin-only Medicines
    • Estrogen-only Medicines
  • Non-Hormonal Therapy
    • Gabapentinoids
    • Serotonin-norepinephrine Reuptake Inhibitors (SNRI)
    • Selective Serotonin Reuptake Inhibitors (SSRI)
    • Others

By Route of Administration:

  • Topical
  • Injectable
  • Oral

By Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Specialty Clinics
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Supermarkets/ Hypermarkets
  • Online Sales

By Region:

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

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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.

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Future Market Insights Inc.
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T: +1-845-579-5705

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Global Ophthalmic Tonometers Industry Expected to Reach US$507.9 Million by 2033, Driven by Growing Focus on Glaucoma Management

 

Global Ophthalmic Tonometers Industry
Global Ophthalmic Tonometers Industry

The Global Ophthalmic Tonometers Industry is on track for a significant expansion over the next decade, fueled by the increasing focus on glaucoma management. According to a recent market analysis by Future Market Insights (FMI), the market is projected to experience a steady Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033. This growth trajectory is expected to propel the market from US$317.7 million in 2023 to a projected value of US$507.9 million by 2033.

This robust growth trajectory is underpinned by several key factors, with a prominent focus on the rapidly expanding elderly population worldwide. As life expectancy rises and mortality rates decline, there is a synchronous increase in the prevalence of eye conditions associated with age. This demographic shift is a significant driver, leading to an anticipated surge in demand for ophthalmic tonometers.

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The food industries in the bulk of both developed and developing nations are thriving, which increases the population’s intake of unhealthy and sugar-filled foods and increases the risk of diabetes, heart disease, high cholesterol, and high blood pressure. Many eye issues could result from this, which is likely to have a direct effect on other body parts, particularly the eye. The need for tonometers to measure ocular pressure is pushed by these aspects.

During the forecast period, the market is also anticipated to be driven by growing patient awareness regarding early diagnosis and routine intraocular pressure (IOP) monitoring to prevent needless vision loss. Tonometer usage rates in hospitals and clinics are anticipated to increase with the implementation of favorable reimbursement policies.

The rising number of glaucoma screening programs planned by the commercial, semi-public, and public healthcare sectors is anticipated to fuel market expansion over the forecast period. The only method to identify glaucoma early is through routine eye exams because it has no apparent symptoms. The need for ophthalmic tonometers is increased by the rise in the number of eye examination clinics, which promotes awareness of glaucoma and its effects on vision.

The increased use of application tonometry in healthcare facilities also fuels market expansion. The test is widely used to determine intraocular pressure since it measures the force required to briefly flatten a piece of the cornea. Also, rebound tonometry’s advancement is promoting market expansion. Children and individuals with impairments can use rebound tonometry, which helps with measurements at various corneal sites.

During the forecast period, North America is anticipated to lead the market as a whole. The existence of important companies, the high rate of glaucoma in the region, and the advanced healthcare network all contribute to the market growth. Moreover, encouraging government efforts and a rise in research collaboration numbers are a few of the variables anticipated to fuel market expansion.

Global Ophthalmic Tonometers Industry Key Takeaways

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.0% through 2033.
  • The United States is expected to develop at a 5.6% CAGR during the forecast period.
  • With a CAGR of 3.9% over the forecast period, Canada is predicted to develop promptly in the market.
  • In China, the market is expected to proliferate, registering a CAGR of 7.2% over the forecast period.
  • Germany is estimated to grow decently registering a CAGR of 5.8% until 2033.

Global Ophthalmic Tonometers Industry Competitive Landscape

Key players in the Global Ophthalmic Tonometers Industry are Nidek Co., Ltd, Eicemeyer Veterinary Equipment Ltd., Metall Zug, Huvitz, Topcon, Revenue Group Oyo, Kiowa Group, 66 VISION TECH Co., Ltd., Photon Surgical Systems Ltd., Jorgensen Laboratories, Nanjing Redsun Optical Co., Ltd., and AMETEK, Inc. and others.

These market players are actively involved in a dynamic environment marked by intense competition, technological advancements, and strategic alliances. They are leveraging unique strategies to bolster their market share and maintain their competitive edge. These firms are successfully carving out a strong market niche through astute product differentiation, robust marketing campaigns, and insightful product development. They are driving growth in this complex and multifaceted industry by generating fresh value propositions and meeting consumer demands by utilizing substantial research and development capabilities.

Global Ophthalmic Tonometers Industry Recent Developments

  • The NT-530/510 Non-Contact Tonometer was unveiled by Nidek Co., Ltd. It has advanced APC (Auto Puff Control), noise reduction, 3-D auto tracking, auto shoot, and auto-completion functions.
  • With the HNT-7000 tonometer from Huvitz, tonometry has become simpler and more accurate. It has full auto-tracking monitoring and corneal thickness control.

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Key Segments of Global Ophthalmic Tonometers Industry Survey

By Product:

  • Human Applanation Tonometers
  • Human Indentation Tonometers
  • Human Rebound Tonometers
  • Veterinary Applanation Tonometers
  • Veterinary Rebound Tonometers

By Portability:

  • Handheld Tonometers
  • Desktop Tonometers

By End Use:

  • Hospitals
  • Ophthalmic Diagnostic Centers
  • Veterinary Hospitals
  • Veterinary Diagnostic Centers

By Region:

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

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Ring Panel Filters Market Projected to Reach US$ 25 Billion by 2032, Fueled by Increasing Demand for Air Quality Control Solutions

Ring Panel Filters Market
Ring Panel Filters Market

The global market for ring panel filters is poised for significant growth, with projections indicating a valuation of US$ 15 billion in 2022, and an anticipated surge at a Compound Annual Growth Rate (CAGR) of 5.2%, reaching US$ 25 billion by 2032. This growth is driven by various factors, including the rise in disposable income, urbanization, and increasing awareness of air quality control solutions across industries.

Ring panel filters, renowned for their high efficiency in dust collection and longevity compared to traditional frame filters, are experiencing growing demand across diverse sectors such as commercial buildings, industrial plants, hospitals, and paint spray booths. These filters, composed of three distinct layers including high porosity impingement filters and strainers, offer superior performance and durability, lasting three times longer than fiberglass disposable filters.

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The global ring panel filters market is witnessing a surge in demand fueled by the growth of urbanization, particularly in corporate offices and hypermarkets where air quality control is paramount. Additionally, rising awareness of the benefits of ring panel filters, coupled with advancements in filtration technology, is driving market growth.

Market Drivers:

  • Increasing Disposable Income:  Rising living standards are leading to a greater demand for clean air solutions, fueling the market for ring panel filters in homes and workplaces.
  • Urbanization:  Growth in urban centers creates a need for improved air quality control in commercial buildings, hypermarkets, and corporate offices, driving demand for ring panel filters.
  • Growing Awareness:  A heightened understanding of the benefits of clean air and the dangers of airborne pollutants is encouraging the adoption of ring panel filters across various industries.
  • Stringent Regulations:  Government initiatives promoting environmental protection and air quality standards are further stimulating the market growth.

Promising Applications:

  • HVAC Systems:  Ring panel filters play a vital role in air handling units, removing contaminants from air streams in commercial and residential buildings.
  • Industrial Applications:  The expanding automobile industry and growing focus on clean manufacturing processes are propelling the use of ring panel filters in industrial plants.
  • Educational Institutions:  Schools and universities are prioritizing clean air quality for students and staff, leading to increased adoption of ring panel filters in ventilation systems.

Challenges and Considerations:

  • Maintenance Costs:  Replacing ring panel filters every 4-6 months can incur higher maintenance costs compared to some disposable filter options.
  • Low-Cost Alternatives:  Some commercial and industrial users prioritize lower upfront costs, opting for less efficient filter equipment.
  • Awareness Gap:  There’s a need to raise awareness about the health risks associated with poor air quality to encourage wider adoption of ring panel filters.

Overall, the ring panel filters market presents a promising outlook. As concerns about air quality rise and regulations become stricter, the demand for efficient and long-lasting filtration solutions like ring panel filters is expected to remain strong.

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Key Takeaways and Projections: 

  • The U.S. is expected to lead the North America Ring Panel Filters market, projecting the fastest growth in the region between 2021 and 2031
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of the Ring Panel Filters market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Key Segments Profiled in the Global Industry Survey

Market by Layer:

  • 2-ply
  • 3-ply
  • More than 3-ply

Market by End Use:

  • Commercial Buildings
  • Industrial Plants
  • Hospitals
  • Schools & Universities
  • Other End Uses (Paint Spray Booths, etc.))

Market 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:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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AI-powered Storage Sales to Register a Valuation of US$ 138.0 billion by 2033 amid Surging Usage of Cloud Storage and Hybrid Systems | Future Market Insights, Inc.

The AI-powered storage market size reached US$ 16.6 billion in 2022. Demand for AI-powered storage stood at US$ 21.0 billion in 2023. In the forecast period between 2023 and 2033, demand is poised to exhibit a 20.7% CAGR. Revenue is anticipated to cross around US$ 138.0 billion by the end of 2033.

The AI-powered storage industry is booming due to several crucial trends influencing data management’s foreseeable future. One significant development is the growing use of cloud storage and hybrid systems.

Organizations are realizing the advantages offered by cloud storage, including flexibility, cost savings, and access, and are adopting it into their data retention strategy. Organizations can optimize cloud storage consumption, automate data transfer, and assure data security by employing AI technology.

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The rising need for speed analytics and data processing is another significant driver. Organizations require effective and rapid analytics capabilities to gain meaningful insights from the exponential rise in available data.

AI-powered storage solutions might speed up data processing, allowing enterprises to examine data more quickly and make educated choices in real-time. These systems can use machine learning algorithms to find patterns and trends in massive datasets, allowing firms to do predictive analytics.

Another significant development in the AI-powered storage business is the use of machine learning to enhance storage performance and minimize costs. By studying data consumption trends, AI-powered storage systems can dynamically distribute resources, enhance storage performance, and eliminate wasteful expenditures. This increases overall data storage efficiency and assures that enterprises are making the most use of their resources.

The effect of AI-powered storage on conventional storage facilities is a further important development. Artificial intelligence-powered storage solutions are upending the traditional storage landscape by enabling more intelligent and autonomous data management. This has the potential to increase overall data security and dependability by streamlining storage procedures and reducing the need for manual intervention.

As AI technologies improve, organizations will likely have increasingly more sophisticated capabilities for managing and storing data. The marriage of AI and storage will transform how businesses manage data, offering enhanced efficiency, cost savings, and efficiency. As the storage industry evolves, enterprises can remain far ahead of the competition by adopting AI-powered solutions for storage and realizing their revolutionary potential.

Organizations can effortlessly link their on-premises systems with the cloud with AI-powered storage options, ensuring data is kept and handled most effectively.

Organizations can also use these solutions to dynamically distribute resources, improve storage performance, and save needless expenses, resulting in a more simplified and cost-effective collection strategy.

Key Takeaways from the AI-powered Storage Market Report:

  • The global AI-powered storage industry propelled at 26.7% CAGR during the historical period from 2018 to 2023.
  • Demand from the enterprise segment is expected to achieve a CAGR of 20.5% in the assessment period.
  • By storage system, the storage area network segment is expected to surpass at 20.6% CAGR over the forecast period 2023 to 2033.
  • The United States is expected to showcase a 19.4% CAGR and attain a market size of US$ 45.3 billion in the review period.
  • China is expected to exhibit a CAGR of 21.7% and reach a value of US$ 11.8 billion through 2033.

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“Astonishing demand for fast data processing and analytics is likely to stimulate demand for AI-powered storage solutions. Companies are focusing on developing AI-driven storage solutions that optimize performance through real-time.” – says a lead Future Market Insight (FMI) analyst.

Who is Winning?

Key manufacturers are offering scalable and flexible AI-powered storage solutions to meet the growing demand for storing and processing large volumes of data. Prioritizing data security and privacy with AI-enabled encryption, threat detection, and access control mechanisms to ensure the safe storage and management of sensitive data.

Manufacturers were tailoring AI-powered storage solutions to specific sector’s needs and customer requirements, providing personalized and optimized storage solutions.

Drivers and Opportunities:

Artificial Intelligence (AI) has ushered in transformative changes across numerous industries, and the sphere of storage applications is no exception. AI-powered storage solutions have emerged as formidable tools designed to automate tasks, boost performance, and fortify data security.

AI-powered storage harnesses the power of machine learning algorithms to analyse data trends and make real-time data management decisions. Organizations stand to gain from enhanced scalability, flexibility, and reliability in their storage infrastructure through AI integration.

The benefits of AI-powered storage are manifold. They reduce the need for manual intervention, enhancing operational efficiency while mitigating the risk of human errors. These solutions enable more effective management of vast data volumes, leading to improved decision-making and accelerated time-to-market.

For instance,

  • In June 2023, Pure Storage, situated in the United States, has revealed a variety of storage devices aimed primarily towards artificial intelligence projects during its yearly Pure/Accelerate 2023 conference.
  • In June 2023, Rubrik announced a partnership with Microsoft’s Sentinel service and Azure Open AI Services to expedite cyber recovery via the application of artificial intelligence (AI) and Natural Language Processing (NLP).

Get More Valuable Insights into AI-Powered Storage Market Study

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global AI-powered storage market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the AI-powered storage industry based on offering (hardware and software) storage systems (direct-attached storage, network-attached storage, and storage area network), storage architecture (file-and object-based storage and object storage), a storage medium (hard disk drive and solid-state drive), and end-user (enterprise, government bodies, could service providers, and telecom companies) across various regions.

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AI-Powered Storage Market Outlook by Category

By Offering:

  • Hardware
  • Software

By Storage System:

  • Direct-attached Storage (DAS)
  • Network-attached Storage (NAS)
  • Storage Area Network (SAN)

By Storage Architecture:

  • File-and Object-based Storage
  • Object Storage

By Storage Medium:

  • Hard Disk Drive (HDD)
  • Solid State Drive (SDD)

By End User:

  • Enterprises
  • Government Bodies
  • Cloud Service Providers
  • Telecom Companies

By Region:

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

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Cell Culture Media Bags Industry Expected to Surge to US$3.54 Billion by 2033, Driven by Rising Biopharmaceutical Research

Global Cell Culture Media Bags Industry
Global Cell Culture Media Bags Industry

The Global Cell Culture Media Bags Industry is on track for a significant expansion over the next decade, fueled by the increasing demand for biopharmaceutical research and production. According to a recent market analysis by Future Market Insights (FMI), the market is estimated to be valued at US$1,308.7 million in 2023 and is projected to reach an impressive US$3,541 million by 2033. This upward trajectory translates to a steady Compound Annual Growth Rate (CAGR) of 10.5%.

At the forefront of the life sciences industry, the cell culture media bag market is currently experiencing a paradigm shift, driven by cutting-edge advancements in cell culture technologies. These innovations are shaping the landscape of the industry, with cell culture media bags playing a pivotal role in facilitating cell growth for a myriad of applications, ranging from pharmaceutical research to biotechnology.

Analysts attribute the surge in adoption of cell culture media bags to their unparalleled efficiency in providing a controlled environment for cell growth. These bags ensure optimal conditions for cell culture processes, offering advantages such as scalability, user-friendly features, and a reduced risk of contamination. This makes them indispensable in modern laboratory settings.

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Global Cell Culture Media Bags Industry Key Takeaways

  • 2D bag designs are expected to account for over half of the market value, owing to their high flexibility
  • Very large bags (>3000 ml) will remain the most sought out size, owing to low contamination properties
  • By host cell, the bacterial cell segment is projected to account for the majority of market value, ascribed to an increasing number of studies on diseases caused by bacteria.
  • Biopharmaceutical manufacturing will remain a key end-use segment, capturing over 2/3rds of market value through the forecast period.
  • The US will remain the largest market for cell culture media bags globally.

Global Cell Culture Media Bags Industry Competitive Landscape:

In this fast-growing industry, partnerships and collaborations, product launches, expansions, and other strategies have been used to gain a major piece of the Global Cell Culture Media Bags Industry.

To meet the increased demand for bioprocess manufacturing activities, market participants are concentrating on up-scaling media bag production. In addition, producers are tackling problems and improving features of bags such as four-layered films that provide stronger oxygen and moisture barriers to the properties.

In this vein, Thermo Fisher Scientific released the CEDIA Mitragynine (Kratom) Assay, a novel immunoassay for kratom alkaloid mitragynine screening designed specifically for criminal justice and forensic purposes. Throughout the projection period, continuous product innovations will continue to define the competitive landscape of the market. Furthermore, industry participants are concentrating their efforts on producing products for specific end uses.

“Market players are investing in new product innovation and are focusing on procuring FDA approvals to facilitate wide-scale deployment,” remarks Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Who is Winning?

Cell culture media bag manufacturers are focusing on developing solutions that address the key challenges such as recycling multilayer flexible packaging consisting of plastic and barrier materials. Moreover, new product development and strategic partnerships have been identified as key growth strategies adopted by market players.

  • In April 2019, Thermo Fisher Scientific launched a new immunoassay – CEDIA Mitragynine (Kratom) Assay – for kratom alkaloid mitragynine screening solely for criminal justice and forensic applications.
  • In August 2015, Rim Bio partnered with Playmouth-based Sentrol for the sales and distribution of its single-use bio containers across the United States.

FMI’s report includes profiles of some of the most prominent names in the market including Parker Hannifin Corp, Pall Corporation, Sartorius AG, Thermo Fisher Scientific Inc., and GE Healthcare Inc.

List Of Key Players Covered in the Global Cell Culture Media Bags Industry are:

  • Parker Hannifin Corp
  • Pall Corporation
  • Sartorius AG
  • Thermo Fisher Scientific Inc.
  • GE Healthcare Inc.

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Key Segments:

Global Cell Culture Media Bags Industry by Bag Size:

  • Very Small Bags (< 150 ml)
  • Small Bags (151 – 500 ml)
  • Medium Sized Bags (501 – 1000 ml)
  • Large Bags (1001- 3000 ml)
  • Very Large Bags (>3000 ml)

Global Cell Culture Media Bags Industry by Application:

  • Storage
  • Mixing
  • Processing
  • Gas Exchanges
  • Heat Transfer
  • Turbidity
  • Flow Rate Monitoring
  • Pressure
  • Viscosity

Global Cell Culture Media Bags Industry by Host Cell:

  • Mesenchymal Cells
  • Plant Cells
  • Insect Cells
  • Bacteria Cells
  • Yeast Cells
  • Chinese Hamster Ovary
  • Baby Hamster Kidney

Global Cell Culture Media Bags Industry by Bag Design:

  • 2D Cell Culture Media Bags
  • 3D Cell Culture Media Bags

Global Cell Culture Media Bags Industry by End Use:

  • Life Science R&D
  • Biopharmaceutical Manufacturers

Global Cell Culture Media Bags Industry by Region:

  • North America Cell Culture Media Bags Market
  • Latin America Cell Culture Media Bags Market
  • Europe Cell Culture Media Bags Market
  • East Asia Cell Culture Media Bags Market
  • South Asia & Pacific Cell Culture Media Bags Market
  • Middle East & Africa (MEA) Cell Culture Media Bags Market

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Freeze Drying Market Growth, Forecasted to Reach USD 2,881.55 Million by 2034 at a 8.6% of CAGR

Freeze Drying Market
Global Freeze Drying Market

The global Freeze Drying market is expected to grow between 2024 and 2034 at a CAGR of 8.6%. In 2024, it is anticipated to reach a valuation of USD 1,262.78 million. The market value is anticipated to reach USD 2,881.55 million by 2034.

The market is developing as a result of the expanding pharmaceutical and food processing sectors. Given the benefits of the product—such as improved desiccant drying and air-drying efficiency—it is anticipated that demand for freeze drying would grow.

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Key Takeaways:

  • The global freeze drying market is estimated at US$1.26 billion in 2024 and is projected to reach US$2.88 billion by 2034, growing at a robust CAGR of 8.6%.
  • The expanding food processing and pharmaceutical industries are key drivers of market growth.
  • Rising awareness of freeze drying’s advantages, such as superior drying efficiency and product preservation, is fueling demand.

Competitive Analysis

The market for food freeze-drying machines has a competitive landscape with multiple freeze-drying manufacturers driving innovation and technological advancement. Leading providers of freeze drying exhibit creativity and innovation in a variety of technologies. Azbil Corporation, Zirbus Technology GmbH, and HOF Sonderanlagenbau GmbH all exhibit dependability and creative problem-solving.

The unique advantages of Cryotec.Fr, MechaTech Systems Ltd., and Millrock Technology, Inc. improve the competitive environment and drive the development of freeze-drying technology. Cuddon Freeze Dry, Martin Christ Gefriertrocknungsanlagen GmbH, and SP Industries, Inc. have a significant impact on the freeze drying market dynamics with their state-of-the-art lyophilized goods.

Pivotal Freeze Drying Providers:

  • Azbil Corporation
  • Zirbus Technology GmbH
  • HOF Sonderanlagenbau GmbH
  • Millrock Technology, Inc.
  • Cryotec.Fr
  • MechaTech Systems Ltd.
  • SP Industries, Inc.
  • Martin Christ Gefriertrocknungsanlagen GmbH
  • Cuddon Freeze Dry
  • Neologic Engineers Private Limited
  • Labconco Corporation
  • BÜCHI Labortechnik AG
  • Yamato Scientific America Inc.
  • Freeze Drying Systems Ltd.
  • Freeze Drying Systems Pvt. Ltd.
  • IMA – Industria Macchine Automatiche S.p.A.
  • GEA Group

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Key Segments

By Product:

  • Dryer
    • Tray-style dryers
    • Rotary Freeze Dryers
    • Manifold Freeze Dryers
  • Accessories
    • Drying Chamber
    • Vacuum System
    • CIP (Clean-in-place) Systems
    • Other Accessories

By Scale of Operations:

  • Pilot-scale
  • Laboratory-scale
  • Industrial-scale

By Distribution Channel:

  • Biopharmaceutical Companies
  • Food and Beverage Companies
  • Academic and Research Institutes
  • CRO and CMO
  • Hospitals
  • Research Laboratories

By Region:

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

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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:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Global Rigid Box Market Poised for Growth, Valuation to Reach US$96.3 Billion by 2034 | FMI

Rigid Box Market
Rigid Box Market

The global rigid box market is poised for steady growth, with a projected valuation of US$96.3 billion by 2034. This translates to a CAGR of 1.8% from 2024, reflecting the increasing importance of premium packaging solutions.

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Key Drivers of the Rigid Box Market:

  • Premiumization:  Brands are increasingly leveraging rigid boxes to elevate their brand image and cater to consumer demand for high-end products. The luxurious and distinctive nature of rigid boxes enhances brand perception and attracts customers seeking premium experiences.
  • Superior Protection:  Rigid boxes offer exceptional durability, minimizing the risk of damage during shipping and ensuring products reach customers in perfect condition. This makes them ideal for packaging expensive or fragile items.
  • Customization and Versatility:  Rigid boxes come in a wide range of shapes, sizes, and design options, allowing brands to create unique packaging experiences that set their products apart. Customized rigid boxes help brands create a lasting impression on consumers and stand out on retail shelves.

Challenges and Considerations:

  • Cost:  The inherent durability and attractiveness of rigid boxes come at a price. Manufacturing and material costs are often higher compared to other packaging options.
  • Limited Customization:  While offering customization options, rigid boxes may be less versatile in terms of shape, size, and design modifications compared to some flexible packaging alternatives.

Regional Market Trends:

  • North America:  Rigid boxes are widely used in the United States across cosmetics, luxury goods, electronics, and consumer packaged goods industries. This demand is driven by the need for strong and premium packaging solutions that enhance product presentation and offer superior protection during transit.
  • Canada:  The Canadian market primarily utilizes rigid boxes in cosmetics, confectionery, spirits, and premium food products. The focus is on durability and visual appeal, making them ideal for luxury items and gift sets. The retail sector, particularly for limited-edition or seasonal promotions, also relies heavily on rigid boxes.
  • China:  The Chinese market is experiencing a surge in demand for rigid boxes across various sectors, including electronics, cosmetics, health supplements, and luxury goods. Customers’ growing affinity for premium products aligns well with the ability of rigid boxes to convey prestige and quality. The e-commerce boom has further amplified the demand for rigid boxes as they enhance the unboxing experience and brand differentiation.

Overall, the rigid box market presents a promising outlook. The growing demand for premium packaging solutions, coupled with the rise of e-commerce, will continue to propel the market forward. However, manufacturers will need to address cost considerations and explore avenues for enhanced customization to maintain a competitive edge.

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Business Growth Drivers: 

  1. E-commerce Packaging Surge:  The exponential growth of e-commerce fuels increased demand for rigid boxes as a secure and visually appealing packaging solution, driving market expansion.
  2. Premium Branding Preferences:  Businesses’ emphasis on premium and luxurious packaging for brand differentiation propels the adoption of rigid boxes, contributing to the market’s sustained growth.
  3. Environmental Sustainability:  The rising consumer awareness and demand for eco-friendly packaging solutions boost the rigid boxes market, with a growing preference for recyclable and biodegradable materials.
  4. Customization and Personalization Trends:  The trend towards customized packaging to enhance brand identity and create a unique consumer experience fosters the use of rigid boxes across various industries.
  5. Rising Demand in Consumer Goods:  The consumer goods sector’s increasing need for sturdy and protective packaging amplifies the demand for rigid boxes, particularly for fragile and high-end products, influencing market growth positively

Competitive Landscape
Prominent players in the global rigid boxes market are focusing on launching sustainable products and mergers & acquisitions to increase their share in the highly competitive market.

Key Players:

  1. International Paper Company
  2. Mondi Group Plc
  3. Metsä Board
  4. Bee Packaging
  5. Tat Seng Packaging Group Ltd.
  6. Stora Enso Oyj
  7. Smurfit Kappa Group Plc

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Key Segmentation:
By Material Type:
Paper
Containerboard
Paperboard
Plastic
Polypropylene
High-Density Polyethylene
Other plastics
Metal
Aluminum
Steel

By Product Type:
Basic Rigid Boxes
Secondary Rigid Boxes
Luxury Rigid Boxes

By End Use:
Electrical & Electronics
Cosmetics & Personal Care
Food & Beverages
Healthcare
Home Care
Automotive & Allied Industries
Chemical
Others

By Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
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:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Dermatology Lasers Industry Set to Surge, Reaching US$3.49 Billion by 2033, Fueled by Growing Demand for Aesthetic Treatments and Medical Applications

Global Dermatology Lasers Industry
Global Dermatology Lasers Industry

The Global Dermatology Lasers Industry is poised for a significant transformation, fueled by rising demand for minimally invasive aesthetic procedures and advanced medical treatments. According to a recent market analysis by Future Market Insights (FMI), the market, valued at US$1.77 billion in 2023, is projected to experience a robust Compound Annual Growth Rate (CAGR) of 7.0% over the next decade. This impressive growth trajectory is expected to propel the market to reach a staggering US$3.49 billion by 2033.

This comprehensive forecast sheds light on the industry’s robust momentum, attributing the surge to key factors such as technological advancements, a heightened aesthetic consciousness among consumers, and an expanding patient pool actively seeking cutting-edge skincare solutions.

The Prevalence of Skin Problems is Increasing

Skin disorders and cosmetic issues are accurately targeted and treated with specialized lasers in laser dermatology. The availability of beauty and dermatological laser treatments, rising population spending power, the increased popularity of cosmetic surgery, and the presence of top dermatology laser machine providers are the important factors expected to shape the dermatology laser sector.

The high prevalence of skin cancer is anticipated to impact laser treatment adoption, resulting in increased dermatology laser sales. Furthermore, medical device research and development talents are becoming more prevalent as new healthcare technologies are implemented.

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The growing elderly population and increasing healthcare infrastructure development expenditures in developing economies are two main factors bolstering the growth of the dermatological lasers market. The industry is experiencing tremendous growth as a result of increased demand in the beauty and personal care sectors, however, some factors are limiting its growth.

The high cost of laser treatment, skin discoloration in some situations, the danger of skin infection, and the heat released by the laser that might permanently damage the retina of the eye are factors affecting the market growth.

Hair removal and face rejuvenation are expected to remain the most popular dermatology laser application areas, owing to increased consumer spending on appearance maintenance.

Skin lasers are medical devices that use concentrated beams of light to treat a variety of skin conditions. These lasers are commonly used in dermatology practices and can be classified into several categories based on the wavelength of the light they emit.

Key Points from the Global Dermatology Lasers Industry:

  • The market is expected to surpass US$ 3,487.8 billion by 2033.
  • Important factors driving market expansion include increased incidences of skin disorders such as psoriasis and vitiligo around the world, which are expected to propel the worldwide market.
  • The dermatology lasers market is expected to secure a CAGR of 7.0% during the forecast period 2023 to 2033.
  • North America dominated the dermatology lasers market.

Key Developments in the Global Dermatology Lasers Industry

  • January 2020 – Nurnberg, Germany, announced the release of the groundbreaking applicator ClearSkin PRO. This product has twice the strength of previous remedies, resulting in skin that seems to be younger.
  • July 2018 – Candela Corporation reported that its Vbeam Prima, an advanced 595 nm pulsed dye laser, had received FDA approval (PDL). This product includes a new 1,064 nm wavelength as well as other innovative features that can successfully treat a wide range of skin diseases.
  • February 2021 – POETYK PSO-2, the second pivotal Phase III clinical trial investigating deucravacitinib, a new, selective tyrosine kinase 2 inhibitor for the treatment of patients with moderate to severe plaque psoriasis, was announced by Bristol Myers Squibb Company. POETYK PSO-2 compared deucravacitinib 6 mg once daily to placebo and met both co-primary objectives, with significantly more patients reaching Psoriasis Area and Severity Index (PASI 75).
  • May 2020 – Dupixent (dupilumab) was approved by the United States Food and Drug Administration (FDA) for the treatment of moderate-to-severe atopic dermatitis.
  • April 2020 – JUBLIA (efinaconazole) topical solution for the treatment of onychomycosis was approved by the United States Food and Drug Administration (FDA) for Bausch Health Companies Inc. and its dermatology business Ortho Dermatologics.

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Key Companies Profiled in the Global Dermatology Lasers Industry:

  • Cutera, Inc.
  • Cynosure, Inc.
  • Alma Laser
  • En.
  • Candela Medical

Global Dermatology Lasers Industry Key Segmentation

By Product:

  • Solid-state Lasers
    • Diode Lasers
    • Nd:YAG Lasers
    • Er:YAG Lasers
  • Gas Lasers
    • CO2 Lasers
    • Excimers Lasers
  • Pulsed Dye Lasers

By Technology:

  • Ablative Lasers
  • Non-ablative Lasers

By Application:

By End User:

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube