Spout Pouches Market Latest Advancements and Business Opportunities 2032

In today’s world, packaging has secured a strong position in the production systems. With the advancement of technology, different materials are available in different forms serving a motley of purposes in the packaging industry. Food and beverage packaging took an interesting turn when we saw the shift from rigid packaging to flexible packaging.

A new trend emerged where glass and metal containers were converted to flexible, multi layered pouches. However, the innovation did not stop there. Pouches started to appear with re-closable spouts. This gave the consumers the ease to reuse and safely store the package. The addition of the feature to stand added to the ease of storage.  Today, spout pouches are considered quintessential from the perspective of food and beverage industry, automotive, soaps and detergents and paints industry.

Spout pouches can be considered as one of the best forms of packaging as they are a convenience for both the consumers and the manufacturer. Spout pouches are comparatively easier to produce and they are perfect for the ‘on the go’ lifestyle of the consumers.

Spout pouches packaging is safe and maintains the integrity of the product. Moreover, spout pouches’ durability makes the day to day use easy. Spout pouches being re-closable makes the product an excellent grab and go product. The durability and flexibility allows for the packaging to hold many products.

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Spout Pouches Market- Market Dynamics

Spout pouches have become the first choice of packaging in a myriad of packaging industries due its flexibility. The packaging has also become comparatively lighter and easy to transport. Moreover, the amount of material used for producing spout packages is comparatively less, which is expected to drive the growth of global spout pouches market.

The storage of the pouches becomes easier due to the flexibility and the less surface area utilized to store the products. Flexible packaging also allows the manufacturers to aesthetically differentiate their product and also gives the opportunity to design their products in an attractive manner.  From the consumers perspective, spout pouches fit perfectly in the on the go lifestyle of the consumers.

Moreover, spout packaging helps in completely utilizing the product within the packaging as evacuation of the product from spout packaging is more efficient that in rigid containers. From the aspect of sustainability, spout pouches require less energy for production and larger number of units can be transported per truck. As a result, spout pouches will remain in demand in the coming foreseeable future.

Spout Pouches Market- Market Segmentation

Based on the Product type, the Spout Pouchesmarket is segmented into:

  • Beverages
  • Syrups
  • Cleaning Solution
  • Oils
  • Others (lubricants, granules, powers, baby food, condiments)

Based on end use, the Spout Pouchesmarket is segmented into:

  • Food and Beverages
  • Automotive
  • Pharmaceutical
  • Paints
  • Soaps and detergents
  • Others

Based on the material used, the Spout Pouchesmarket is segmented into:

  • Plastic
  • Aluminum foil
  • Kraft paper
  • The combination of the above materials

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Spout Pouches Market- Regional Outlook

In terms of geography, the spout pouches market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The spout pouches market is expected to exhibit an above average CAGR during the forecast period.

Asia Pacific region is expected to witness a high demand for spout pouches over the forecasted period. Highest growth is expected to be seen specifically from Thailand, India and China. Significant growth will also be witness in Middle East and Africa, Eastern Europe and Latin America.

Spout Pouches Market- Major Players

Some of the key players in the spout pouches market are Amcor Ltd., The DOW Chemical Company, Mondi Group, Berry Plastic Corporation, Smurfit Kappa Group, Bemis Company Inc., Essentra PLC, Bischof & Klein GmbH & Co. KG, Coating Excellence International, HOD Packaging and enterprises Ltd., Printpack Inc., ProAmpac, Sealed Air Corporation, Sonoco Products Company, and Winpak Ltd.

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 done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use

The report covers exhaustive analysis on
  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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

Thermoformed Skin Packaging Market Demand, Scope and Future Estimation until 2026

Out of 7 billion human beings globally, one is constantly in touch by packaging in some way or the other. The Goss Domestic Product of a country will reduce in value without packaging industry. The total packaging sales of a country is an indicator of the strength of country’s economy, as everything sold, have to be packaged. Products cannot be shipped from source to the point of consumption without proper packaging.

Packaging surfaced as a significant parameter for brand owners to market their products. The trend of optimizing packaging to push the sales is very prominent in consumer products market. Consequently, the gross value added of packaging industry also reported substantial growth over the last five years. Furthermore, manufacturers and suppliers of packaging solution have also introduced new packaging format, which includes vacuum seal packaging, shrink wrap and thermoformed skin packaging.

The thermoformed skin packaging refers to the packaging system used in food, consumer goods and industrial goods. The thermoformed skin packaging is rapidly replacing the traditional packaging option as it improves the shelf life, quality and aesthetic appeal of the products, positively influencing the customer purchase decision. Thermoformed skin packaging manufacturing process is a very simple and inexpensive type of packaging process when compared with plastic molding and forming methods.

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Key Players

Some of the key players in thermoformed skin packaging market includes Bemis Company, Berry Plastics Corporation, LINPAC Senior Holdings Limited, G. Modini, Sealed Air, ULMA Group, DMD 2000 Ltd., Clondalkin Group, Trans European Plastics Ltd, DRADER Manufacturing Industries Ltd., Thermo-Packaging Suppliers Inc., SouthPack, Vinpac Innovations., etc.

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 market segments such as geography, technology, and applications.

The Report covers exhaust Analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends /Issues/Challenges
  • Competition & Companies involved
  • Technology

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Thermoformed skin packaging is considered as a highly developed machine concept for more flexible and cost-effective packaging. In thermoformed skin packaging, transparency of Surlin (the skin material) along with a highly-transparent sealing layer improves card printing resulting in a high-quality, sales-promoting way of presentation.

In a thermoformed skin packaging, the products are skin-tight enclosure of a clear-transparent top film. In a thermoformed skin packaging, the special skin film provides a pack of excellent quality with enhanced food safety and the best possible product presentation.

As consumer trends are evolving to more sustainable buying patterns and packaging industry is also adapting product offerings to meet the demand, thermoformed skin packaging is expected to gain a lot of traction in coming years.

Global food packaging industry grew in the last five years due to increasing population and urban lifestyles. Demand for ready-to-cook meals, quality and fresh packaged food, is another driving factor affecting the growth of thermoformed skin packaging market.

Organized retail sectors and the boom in the e-commerce companies is providing a traction to thermoformed skin packaging industry.  is anticipated to fuel the demand for the global thermoformed skin packaging market over the forecast period.

The Asia Pacific region accounts for the highest market share, followed by Europe and North America respectively. In developing countries like China and India the packaging market is expected to grow at a higher CAGR. China will lead with higher economic growth, increased food consumption and fast urbanization during 2016-2026.

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Thermoformed Skin Packaging Market

The global market for thermoformed skin packaging system is segmented broadly into four parts, depending upon the type, base material, application and geography.

Based on product type, the global thermoformed skin packaging market is segmented into:

  • Carded thermoformed skin packaging
  • Non-carded thermoformed skin packaging

Based on base type, the global thermoformed skin packaging market is segmented into:

  • Plastic
  • Paper and paper boards

Based on applications, the global thermoformed skin packaging market is segmented into:

  • Food
  • meat and sea food
  • fruits and vegetables
  • others
  • Consumer goods
  • Electronic and electrical goods
  • Shopping goods
  • Industrial goods
  • Tools
  • Spare parts

 

Speech and Voice Analytics Market is projected to increase at a CAGR of around 22.3% during 2022 to 2032

The market for defence communication systems is anticipated to reach a valuation of US$ 62.6 billion by 2026, growing at an excellent CAGR of 9.6% over that time. The market is currently predicted to be worth US$ 43.4 billion in 2022. Right now, 25% of the worldwide aerospace and defence market’s sales are of defence communication systems. Increasing demand for mobile command systems and the emergence of IoT within the military network environment are two factors that are anticipated to drive the expansion of the worldwide defence communication system market over the ensuing years.

The bank says that customer complaints about security have been decreased by 90%, and that average contact time has been lowered by 15%. HSBC has become the first bank to employ speech recognition for banking clients in February 2019. It has made a fundamental step toward the establishment of biometric banking.

Korean bank IBK also implements a biometric speech identification system that is dependent on speech recognition technology, allowing customer service centers to authenticate IDs in 15 seconds. Such advancements are likely to increase the need for speech analytics.

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Key Takeaways from the Market Study

  • Global Speech and Voice Analytics Market is expected to reach a market size of US$ 2.2 Bn by 2022.
  • In terms of Component, the Solutions segment is expected to have the highest CAGR rate of 20.9% during the forecast period.
  • In terms of Deployment Mode, the Cloud segment is expected to have the highest CAGR rate of 19.9% during the forecast period.
  • United States is likely to remain the most dominant market with an absolute dollar growth opportunity of US$ 4.5 Bn during 2022 – 2032.
  • The market in U.S. is set to experience the highest CAGR of 21.6% during the forecast period.

“During the projected period, the rise of Solutions in terms of the component can become a key driver in raising the Speech and Voice Analytics Market revenue.” comments a Future Market Insights analyst.

 Competitive Landscape

The Speech and Voice Analytics Market is highly concentrated, with only a few competitors accounting for the vast majority of the market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects. Some development in the Speech and Voice Analytics Market include:

  • In August 2021, Avaya, a leading company in solutions to improve and enhance communications and collaboration, declared the acquisition of CTIntegrations, a U.S.-based specialist contact center system integration, and software development firm. CTIntegrations also announced to expand Avaya’s digital capabilities for its large contact center client base and enhanced the Avaya OneCloud AI-powered experience platform.
  • In December 2021, Genesys Telecommunications, a provider of customer experience management, announced that it has completed the takeover of Pointillist and Exceed.ai. Exceed.ai, renowned for its established intelligence lead activation and discussion processor, and Pointillist, known for its award-winning experience management platform, will fast-track how organizations communicate with consumers across the sales, marketing, and service lifecycle.

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Market Segments Covered in Speech and Voice Analytics Market Analysis

By Component:

  • Solutions
    • Speech Engine
    • Indexing and Query Tools
    • Reporting and Visualization Tools
    • Quality Management
    • Root Cause Analysis
    • Other Solutions
  • Services
    • Professional Services
    • Managed Services

By Application:

  • Customer Experience Management
  • Call Monitoring and Summarization
  • Agent Performance Monitoring
  • Sales and Marketing Management
  • Risk and Compliance Management
  • Sentiment Analysis
  • Other Applications

By Deployment Mode:

  • On-premises
  • Cloud

By Organization Size:

  • Large enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Vertical:

  • Banking Finance Services and Insurance (BFSI)
  • IT and Telecom
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Retail and E-Commerce
  • Travel and Hospitality
  • Government and Defence
  • Other Verticals

About Future Market Insights, Inc.

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

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Defence Communication System Market Sales Analysis & Opportunity 2022 to 2026

The market for defence communication systems is expected to reach an estimated value of US$ 43.4 billion in 2022 and US$ 62.6 billion in 2026, growing at an excellent CAGR of 9.6% over that time. Sales of defence communication systems currently hold a 25% market share in the aerospace and defence industries worldwide. In the upcoming years, factors such as the emergence of IoT within the military network environment and rising need for mobile command systems are anticipated to promote the growth of the worldwide defence communication system market.

Defence Communication System Demand Analysis (2012 to 2021) Vs Market Outlook (2022 to 2026)

Growing military reliance on commercial wireless technologies as well as expanding need for satellite communication equipment is driving the worldwide defence communication system market forward.

Defence communication system sales rose at a CAGR of 8.7% from 2012 to 2021. Continuous advances in defence infrastructure is the main driving force for the market for defence communication systems.

Next-generation technologies are becoming more prevalent in military and defence communication networks. Text and data capability integration in previous voice-only systems has facilitated data distribution, which includes everything from videos and photographs to combat maps.

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Competitive Landscape

Companies producing defence communication systems are focusing on providing advanced communication products and solutions by leveraging latest technologies and enhance and expand their product portfolios with innovations in defence management systems.

Continuous research & development by the defence sector is creating high competition among market players for technological advancements in communication systems, thereby complementing the growth of the defence communication system market.A Defense Communication System (DCS) is a system used by military organizations for secure communication and information exchange.

DCS typically includes a combination of hardware and software components, such as radios, satellite systems, and encryption devices, as well as communication networks and protocols. These systems are designed to ensure that sensitive information is transmitted securely and that communication is maintained even in the event of network disruptions or jamming. The specific components and capabilities of a DCS will vary depending on the organization and the type of communication that is being performed.

IoT and Wireless Technology Gaining Ground

Rapid growth in industrial wireless communication technology has increased military interest to address their growing communication needs. Military wireless communication systems are mostly designed to work in sharp environments where devices exposed to natural elements such as sand, dirt, and water, as well as extreme temperature variations.

Communication equipment also needs to preserve information and facilitate consistent communication between forces.

Rising adoption of IoT technologies is significantly improving several aspects of military operations, including communication. Adoption of IoT in military services is benefiting their intelligence reconnaissance operations and surveillance. Moreover, significant increase IoT is resulting in the manufacturing of energy-efficient and more robust defence communication devices.

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Key Segments of Defence Communication System Industry Survey

Defence Communication System Market by Product Type:

  • Systems
    • Satellite Communication Systems
    • Radar & Sonar Systems
    • Radio Systems
  • Services
    • Consulting
    • Testing & Integration
    • Support & Maintenance

Defence Communication System Market by Application:

  • ISR (Intelligence, Surveillance, and Reconnaissance)
  • Situational Awareness
  • Command & Control

Defence Communication System Market by Military Branch:

  • Air Force Defence Communication Systems
  • Land Force Defence Communication Systems
  • Naval Force Defence Communication System

Defence Communication System Market by Region:

  • North America Defence Communication System Market
  • Latin America Defence Communication System Market
  • Europe Defence Communication System Market
  • East Asia Defence Communication System Market
  • South Asia & Pacific Defence Communication System Market
  • Middle East & Africa (MEA) Defence Communication System Market

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

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ePharmacy Market is projected to reach USD 177.7 Billion by 2026, exhibiting a CAGR of 16.5% from (2022-2032)

[311 Pages Report] According to a recent study done by FMI, the ePharmacy market is expected to reach US$ 329.83 billion by 2032, up from US$ 69.8 billion in 2021, expanding at a high CAGR of 16.5%. This study explains how  the ePharmacy market is directly proportional to the increasing penetration of internet-based pharmacy in the world market coupled with rising awareness of epharmacy amongst the common masses. 

Easy purchasing, availability of a range of medications and quality medical services on the internet is holding up the customer preferences and shifting them to e pharmacy platforms.   

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A large number of smartphone sales and spreading awareness about the concept of epharmacy. The rising geriatric population base that suffers from chronic diseases and staying in remote areas increases sales through ePharmacy. This also affects the e-pharmacy market in India as sales of smartphones are increasing here as well.  

Lucrative offers, high discounts, and easy accessibility help end users navigate and order medicines easily, part of the ePharmacy business model. This drives the global market and increases sales through epharmacy.  

With the increasing accessibility of e-commerce and the online industry, the availability of medicines is also rising as multiple vendors (B2C and B2C) are getting a space online. This provides these vendors with a better space to sell their products.   

“The major challenge with ePharmacy market is rising number of illegal vendors online that decrease the credibility of online sources. Also, risks associated with counterfeit drugs are downgrading the marketing. To prevent these illegal vendors, e pharmacy regulations are there in every country.”

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Key Takeaway 

  • The government initiatives and e pharmacy regulations support and control digital technology to improve the space and its functionality. Several industry players get benefitted from the government awareness programs.  
  • North America dominates the market as it holds more than 35% of the global epharmacy market. The factor behind the excessive growth is the extreme internet penetration amongst the American population.  
  • epharmacy businesses design their product profile and marketing campaign with the prescription portal attached to it that makes customers interact with the website easily and upload the prescription without a hitch.  
  • 63% of the world’s population is on the internet and interacts with eCommerce websites daily which directly proliferates the market growth.  
  • The global epharmacy market is segmented by product type that is further segmented into OTC products and prescription medicines.  
  • The biggest segment by the product type category is OTC products. These products are in high demand because of the easy access and low hassle processes.  

Competitive Landscape 

The Walgreen Company dominates the global ePharmacy market, Express Scripts Holding, CVS Health, DocMorris, Giant Eagle, Wal-Mart Stores, OptumRx, PharmEasy, 1mg and Netmeds. These companies are adopting new digital channels and processes to increase their stronghold in the ePharmacy market. 

  • In 2021, PharmEasy  initiated the takeover of MedLife to expand the deliverables and stronghold in India.
  • Lately, Express scripts have launched a new program named Express Scripts Parachute Rx that offer price discounts on multiple products. 

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Key Market Segments

By Product Type:

  • OTC products
  • Prescription medicine

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Pharmacy Refrigerators Market

Pharmacy Automation Systems Market

Pharmacy And Drug Store Franchises Market

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

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Display Controllers Market is projected to reach ~US$ 45,670.5 Mn by 2027

Growing demand for information-rich driving experience, with low power consuming advanced design and visibility features is a key factor pushing the sales of display controller. As per Future Market Insights’ (FMI) recent analysis of the global display controllers market, sales of approximately 53 Million display controllers is anticipated to generate US$ 23 Billion revenue, in 2022.

Assessing growth over multiple time period, from 2022 to 2028, the display controller market is projected to grow at relatively robust CAGR of 8.8 percent. Technological advancements in LCDs is identified as a key factor driving the widespread adoption of display controllers.

A growing consumer preference for content delivery in video format is one of the prominent factors boosting demand in the display controller market. According to the report, manufacturers of display controllers are beefing up product offering leveraging technological advancements to provide increased video efficiency to customers.

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Increasing deployment opportunities in automotive and healthcare industries. Manufacturers are focusing on delivering improved user experience along with ease-in-operations, specifically in healthcare and automotive industries. Whether it is in-car displays in the form of navigation and infotainment systems, head-up displays, and center displays or displays meant for operation purposes including X-Ray visualization display, automotive and healthcare applications of display controllers is expected to contribute towards revenue growth of the global market for display controllers.

Growing demand for smart electronic devices,
specifically in developed regions including North America—in the form of smart phones, smart home applications having advanced security functionalities to cater to the growing needs of consumers, is a another key factor driving the display controllers landscape.

The global display controllers market showcases a highly competitive landscape,with strategic acquisitions to enter new markets and new product launches being the core forward market strategies adopted by the manufacturers of display controllers. Considering the competition in a fragmented display controllers market, key manufacturers including Fujitsu Limited, Toshiba Corporation, Samsung Electronics Co., Ltd, LG Display Co., Renesas Electronics Corporation, Novatek Microelectronics Corporation, and Digital View Inc. among others are solidifying their market positions by developing new technologies and expanding their product portfolio.

Increasing adoption in smart watches and other wearable productsis anticipated to drive the display controllers’ sales revenue. For instance, Epson Corporation, starting February 2018, shipped samples of its new memory display controller, meant for feature-rich wearable products such as smart watches, having low-power memory display. With capabilities to connect to a variety of microcontrollers, memory display controller boasts of three types of built-in host interfaces.

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Key Insights Drawn from Segmentation Analysis of Global Display Controllers Market

  • In terms of product type, multi-display controllers are anticipated to hold the largest market share; the segment expanding at 8.3% CAGR through 2027. Increasing deployment of multi-display controllers in video walls used at conferences and events is anticipated to create potential revenue opportunities for the manufacturers.
  • North America is anticipated to remain the highest revenue generator, expanding at a robust CAGR of 8.6% throughout the forecast period. Novel innovations by key consumer electronics manufacturers is a major factor boosting display controllers sales in the region.

Display Controllers Market Outlook by CategoryBy Type:

  • LCD Display Controllers
  • Touchscreen Display Controllers
  • Multi-Display Controllers
  • Smart Display Controllers
  • Digital Display Controllers

By Application:

  • Medical Equipment
  • Industrial Control
  • Automotive
  • Mobile Communication Devices
  • Entertainment & Gaming
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

By Region:

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

About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Dry Eye Syndrome Treatment Market is estimated to reach US$ 4.80 Billion in 2022 | FMI

[314 Pages Report] According to a recent study by Future Market Insights (FMI), the global dry eye syndrome market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 4.52 Bn in 2021 to around US$ 8.84 Bn by 2031. This reflects a cumulative CAGR of around 7.0% over the forecast period (2022-2031).

Dry eye syndrome is a lifestyle diseases caused by long-term exposure to computer screen, resulting in reporting of the higher incidence rates across the developing economies. Also, this factor has pushed various ophthalmology care providers to educate and create awareness about the syndrome.

One such example is the Narayana Nethralaya, a super specialty eye hospital based out of India, a dedicated lab to diagnose and treat dry eyes. This lab aims to provide patients with awareness about eye lid problems such as Meibomian gland dysfunction, which lead to the development of dry eye syndrome.

Also, similar trend is observed in developed market such as U.S. Various government awareness campaigns and not for profit initiatives try to create awareness about the dry eye disease to the population that does not have access to eye care facilities. Eye Care America is an example of a public service organization run by the American Academy of Ophthalmology Foundation that provides free eye care through volunteer ophthalmologists.

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Further, those who are age 65 or older and who have not seen an ophthalmologists in three or more years may be eligible to receive a comprehensive, medical eye exam and up to one year of care at no out-of-pocket cost. This consequently will increase the utilization of dry eye treatment products and drive the growth of the dry eye syndrome treatment market during the forecast period. .

Market Outlook:

Data Points Market Insights
Market Value 2021 USD 4.52 Bn
Market Value 2022 USD 4.80 Bn
Market Value 2031 USD 8.84 Bn
CAGR 2022-2031 7.0%
Market Share of Top 5 Countries 53.4%
Key Players The key players in dry eye syndrome treatment market are Allergen plc. (Abbvie), Novartis AG, Otsuka Pharmaceuticals Co., Ltd., Bausch Health Companies, Inc. Akron, Inc., Johnson & Johnson, Inc., Thea Pharmaceuticals Limited, OASIS Medical, Altaire Pharmaceuticals Inc., Boiron USA, Similasan Corporation, Scope Ophthalmics Ltd., Reckitt Benckiser Group PLC, Medicom Healthcare Ltd, FDC Limited., Lupin Limited, Jamjoom Pharmaceuticals Co., and Sentiss Pharma Private limited.

Key Takeaways from Dry Eye Syndrome Treatment Study

  • Greater acceptance of artificial tears owing to improved patient comfort leads the artificial tears segment to account for the maximum share of 60.8% in 2021, expanding at 7.1% CAGR during the forecast period.
  • By prescription, Rx prescriptions are projected to account for 71.3% of the market share in 2022 indicating highest demand, since majority of population visit hospitals to get the checkup done, in turn increasing the numbers of Rx prescriptions.
  • Retail pharmacies, as distribution channel held the largest share of 60.8% in 2021 and is expected to grow with the same trend throughout the forecast period.
  • By region, North America held the largest share of 37.6% of the dry eye syndrome treatment market in 2021 indicating the growth due to high prevalence and high treatment adoption rate in North America.

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“Growing incidence of dry eye syndrome due to growing aging population, and long working hours (increase in screen time) to drive the demand of Dry Eye Syndrome treatment products over the Decade,” says the FMI Analyst

Who is winning?

Key Players :

  • Allergen plc. (Abbvie)
  • Novartis AG
  • Otsuka Pharmaceuticals Co.Ltd.
  • Bausch Health Companies Inc.
  • Akron Inc.
  • Johnson & Johnson Inc.
  • Thea Pharmaceuticals Limited
  • OASIS Medical
  • Altaire Pharmaceuticals Inc.
  • Boiron USA
  • Similasan Corporation
  • Scope Ophthalmics Ltd.
  • Reckitt Benckiser Group PLC
  • Medicom Healthcare Ltd
  • FDC Limited.
  • Lupin Limited
  • Jamjoom Pharmaceuticals Co.
  • Sentiss Pharma Private limited.

Some of the leading manufacturers of dry-eye-syndrome treatment market focuses on the product launch and approvals with global expansion objectives, thereby, enhancing their market presence.

  • In January 2021, SIFI an Italy based international ophthalmic company launched SYNFO for moisturizing and lubrication in dry eye treatment.
  • In December 2020, Alcon Canada announced the launch of its new product Systane an ultra-hydration lubricant eye drops preservative free containing Hyaluronic acid and HP-guar
  • In November 2020, Santen Pharmaceutical launched Cationorm categorized as artificial tear for moisturisation and long lasting relief to dry eye.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global dry eye syndrome treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on dry eye syndrome treatment segment based on Product (Cyclosporine, Topical Corticosteroids, and Artificial Tears Punctal Plugs (removable, dissolvable), oral omega supplements, and others), prescription (Rx, OTC, Medical Device), distribution channel (Hospital Pharmacies, Eye Health Clinics, Retail Pharmacies, and Online Pharmacies) across seven major regions.

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Medical Mask Market Trends: [201 Pages Report] Global demand for medical masks is expected to rise at a yearly growth rate of 10.0% Y-o-Y to US$ 9.8 Billion in 2030

Generic Injectable Market Forecast: [290 Pages Report] The increasing prevalence of chronic diseases has resulted in investments towards innovations in the field of generic injectables.

High Flow Nasal Cannula Market Size: [250 Pages] High flow nasal cannula sales are expected to grow at a CAGR of 11.6% between 2022 and 2030. The global high flow nasal cannula market is forecast to be worth US$ 17.7 Billion by 2030

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

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Freeze Drying Market is expected to reach US$ 2.5 Billion by end of 2032 | FMI

[Report of 250 Pages] The global Freeze Drying Market is expected to be worth US$ 1.1 billion by the end of 2022, and it will grow at an 8.5% CAGR to a valuation of around US$ 2.5 billion by 2032. According to a recent Future Market Insights analysis, dryers will dominate the global market in 2021, with a share of around 67.7%.

Freeze drying often referred to as lyophilization, is a method that uses low pressure and sublimation to remove water from a material in the form of ice. This technology has numerous applications in the manufacture of high-quality food and pharmaceuticals.

Despite its popularity, substantial research on freeze-drying is continually being carried out in order to enhance the process variables for specific applications, enhance product features through pre-treatments, and minimize energy costs and process time.

The major goal of the freeze-drying procedure is to ensure consistent product quality not just within a batch but also between batches. As a result, during freeze-drying, product temperature becomes a crucial product quality aspect. When the product has the same thermal history throughout the batch, from batch to batch, as well as throughout lab scale, pilot scale, and production scale dryers, consistent product quality is ensured.

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The market has grown as a result of factors like the rapidly expanding pharmaceutical and food processing industries. The market is projected to grow as consumers become more aware of the product’s benefits, such as improved desiccant drying and air-drying efficiency.

Key Takeaways from Market Study

  • Dryers are the leading segment as a product and hold approximately 67.7% market share in 2021, owing to the customer preference for nutrition from whole foods being supported by the fact that freeze-drying retains nutritional content better than other drying techniques.
  • Industrial-scale of operations holds a market share of around 40.6% in 2021. Because of the preservation of quality, freeze-drying is thought to be the best method for dehydrating food on an industrial scale.
  • Biopharmaceutical companies are the top distribution channel in the worldwide freeze drying market, and this trend is anticipated to continue with a projected CAGR of 9.7% over the forecasted years.
  • North America is considered as the leading region with a value share of 34.8% in 2021, owing to the presence of established biopharmaceutical companies in the region.

“Shifting consumer values, the rapid expansion of the pharmaceutical and food processing industries, and rising consumption of preserved foods are driving the global freeze drying market,” says an analyst of Future Market Insights.

Market Competition

The global market can be characterized as being extremely competitive and consolidated, with a few significant competitors controlling the industry. Additionally, they are investing heavily in R&D to create novel solutions and acquire a competitive edge. To obtain a competitive edge, numerous businesses are engaging in mergers and acquisitions and deploying cutting-edge technologies.

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Key developmental instances include:

  • Telstar, a division of the Azbil Group, in December 2020, developed a new line of GMP freeze-dryers with a modular design. The new series of lyophilizers sold under the Lyozeta brand is a standardised version of its top-of-the-line GMP customizable freeze-dryers built to function aseptically.
  • In order to add two HOF horizontal plate freeze-thaw machines to Sartorius’ product line and offer customers a full selection of relevant freeze-thaw equipment and consumables, a partnership between Sartorius and HOF Sonderanlagenbau was announced in December 2021.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the freeze drying market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032. The global freeze drying market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the product (dryer [tray-style dryers, rotary freeze dryers, and manifold freeze dryers], and accessories [drying chamber, vacuum system, CIP (clean-in-place) systems, and other accessories]), scale of operations (pilot-scale, laboratory-scale, and industrial-scale), and distribution channel (biopharmaceutical companies, food and beverage companies, academic and research institutes, CRO & CMO, hospitals, and research laboratories), across seven key regions of the world.

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Key Market Segments Covered in Freeze Drying Industry Research

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 &  CMO
  • Hospitals
  • Research Laboratories

Explore Research Reports of the Healthcare Market:

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

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Audio Communication Monitoring Market is expected to rise at a CAGR of 16.2% by 2028

Over the projection period of 2022 to 2028, the market for audio communication monitoring is expected to grow quickly at a CAGR of over 16.2% and reach US$ 5,294.2 Mn by 2028.

Insights supplied by employees to clients and customers are revealed via audio communication monitoring, which analyses audio conversations, identifies patterns in interactions, and finds insights. This technology is employed to extract crucial business intelligence data and tie it to the company’s strategy in order to make strategic decisions. Solutions for audio communication monitoring often focus on the call recording function. The components of the audio communication monitoring market include the recording, processing, and analysis phases.

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Audio Communication Monitoring Market: Segmental Insights

The study is systematically divided into five main categories, including market analysis – by component, by industry, by enterprise type, by application, and by region, in order to comprehend and evaluate the demand and opportunities in this market.

The market is divided into solutions and services based on component. Additional divisions under the solutions category include quality analysis, audio loudness, metering and monitoring call recording, and others. The services section is further divided into professional services and maintenance and support services. Throughout the forecast period, the call recording solution category is anticipated to dominate the market, with market shares of 62.0% and 63.2% predicted for 2022 and 2028, respectively.

The market is divided into banking, financial services, and insurance, government, telecommunications and IT, media & entertainment, healthcare, and other sectors based on industry.

For the bulk of the projected period, the telecommunications and information technology segment is anticipated to dominate the market. Due to its strong CAGR, the government segment is anticipated to surpass the telecommunication & IT category in terms of market share in the second half of the projection period. It is anticipated that the government segment will increase from US$ 352.4 Mn in 2022 to US$ 1,577.4 Mn in 2028.

The market is divided into small and medium-sized businesses and large businesses according to the type of enterprise. During the majority of the forecast period, the small- and medium-sized business category is anticipated to dominate the market, with market shares of 50.4% and 51.2% in 2022 and 2028, respectively.

The market is divided into law enforcement agencies, corporate employee monitoring, broadcast monitoring, sales and internal communication monitoring, and others on the basis of application. In the projected period, the enterprise employee monitoring application segment is anticipated to dominate the market, with market shares of 37.6% and 37.9% predicted for 2022 and 2028, respectively.

Audio Communication Monitoring Market: Vendor Insights

Cisco Systems, Inc., International Business Machines (IBM) Corporation, NICE Systems Ltd., Nexidia Inc., Nuance Communication, Inc., Tata Communications Ltd., Intelligent Voice, Nectar Services Corporation, Fonetic, and Ameyo are the major market participants profiled in this study on the global audio communication monitoring market.

In 2015, Intelligent Voice and Castel teamed to use Intelligent Voice’s GPU-powered software, which processes over 240000 monitored conversations daily on-premises, to provide speech analysis capabilities to contact centres.

In order to enable businesses and carriers to track call quality across core networks, the internet and intranet, as well as to call centre agents, Nectar Services teamed up with Plantronics in 2022 to develop an ear-to-ear (e2e) solution.

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Key Segments of Audio Communication Monitoring Industry Survey

Audio Communication Monitoring Market by Component:

  • Solutions
    • Quality Analysis
    • Audio Loudness
    • Metering & Monitoring
    • Call Recording
    • Others
  • Services
    • Maintenance and Support Services
    • Professional Services

Audio Communication Monitoring Market by Industry:

  • Banking, Financial Services, and Insurance
  • Government
  • Telecommunication & IT
  • Media & Entertainment
  • Healthcare
  • Others

Audio Communication Monitoring Market by Enterprise Type:

  • Small & Medium Enterprises
  • Large Enterprises

Audio Communication Monitoring Market by Application:

  • Law Enforcement Agencies
  • Enterprise Employee Monitoring
  • Broadcast Monitoring
  • Sales and Internal Communication Monitoring
  • Others

Audio Communication Monitoring Market by Region:

  • North America Audio Communication Monitoring Market
  • Latin America Audio Communication Monitoring Market
  • Europe Audio Communication Monitoring Market
  • East Asia Audio Communication Monitoring Market
  • South Asia & Pacific Audio Communication Monitoring Market
  • Middle East & Africa (MEA) Audio Communication Monitoring Market

About Future Market Insights, Inc.

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

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Companion Animal Drugs Market Is Set to Expand at a CAGR Of 5% To reach US$ 47.23 Billion By The Year 2027: FMI

Worldwide sales of companion animal drugs is set to reach US$ 36.94 Bn by 2022-end, unveils the new research study by Future Market Insights (FMI). According to the report, the companion animal drugs market is estimated to grow by ~ 5% YOY in 2027, primarily influenced by growing adoption of pets across the globe.

According to the report, increasing focus on pet healthcare is likely to contribute to the build-up of the companion animal drugs market by the end of 2029. Inclination towards compounded drugs to maintain animal health and welfare is expected to increase the sales of companion animal drugs market in 2019 and beyond.

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A list of Key Players Covered in the Companion Animal Drugs Market Are:

  • Zoetis, Inc.
  • Elanco
  • Merck & Co., Inc.
  • Symrise
  • Vetoquinol
  • Boehringer Ingelheim GmbH
  • Ceva Santé Animale
  • Virbac
  • Dechra Pharmaceuticals plc
  • Chanelle Pharma
  • HIPRA
  • Norbrook Holdings Limited
  • Endovac Animal Health

Increasing Urbanization and Growing Affluence in Developing Countries to Benefit the Market
Increasing urbanization level and growing affluence, especially in developing countries, have been driving the adoption of pets, thus leading to increased demand for healthcare products for pets such as companion animal drugs. Continued urbanization has also resulted in increasing prevalence of various diseases such as allergies, lower appetite, reduced energy and behavioral anxieties among small companion animals. This has been driving the demand for innovative classes of medicines such as companion animal drugs.

Upcoming Therapeutic Innovations in Pet Care to Aid Market Growth
Besides traditional drugs, animal health companies have also been investing in smart diagnostic care to help prevent diseases before the actual onset. Companies are also trying to develop generic capabilities to demonstrate bioequivalence to reference prescription drugs in the companion animal drugs market, as many key drugs no longer benefit from intellectual property protection. The development of new vaccines and medications for animals are expected to support the growth of the companion animal drugs market over the forecast period.

Increasing R&D activities and shorter drug-lifecycle are playing an important role in the growth of the companion animal drugs market. Innovations in companion animal drugs are easier and sustainable for a longer period of time, while R&D cycle time are shorter (~ three years) in the Companion Animal Healthcare (CAH) industry as compared to human health, ranging between seven and 15 years for other drugs. This increases return on investment in companion animal drugs and leads to faster profits for the market players.

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Collaborative Ventures to Promote the Companion Animal Drugs Market Growth
Collaborative ventures such as One Health promotes unification of veterinary and medical sciences, leading to better disease surveillance, control and education, especially for companion animals such as dogs and cats. One Health venture enables identification of alteration in infection travelling patterns. The patterns are changing mostly in case of parasites due to change in climate and increasing host-vector interactions. Some organizations helping in monitoring of One Health in companion animals are Companion Animal Parasite Council and European Scientific Counsel Companion Animal Parasites.

Such ventures are expected to complement the growth of the companion animal drugs market.

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Low Awareness of Animal Diseases to Hamper the Companion Animal Drugs Market Growth
In many developing countries, people lack awareness regarding certain serious companion animal diseases as opposed to livestock diseases, which are more regularly monitored. This is primarily true with regards to pet vaccinations, which is a mandatory requirement for up to three years. Additionally, parasitic medications for companion animals and livestock are different. Lack of awareness with regards to differentiation of these medication varieties leads to adverse drug side effects and thus low administration of companion animal medications. Such factors are likely to create a hindrance in the growth of the companion animal drugs market.

Also, majority of animal healthcare drugs have limited scope for patent extension, primarily due to drug portfolios dominated by drugs that have crossed maturity, which in turn is expected to deter the growth of the companion animal drugs market over the forecast period.

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1. Executive Summary

    1.1. Global Market Outlook

    1.2. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Dynamics

    3.1. Macro-Economic Factors

    3.2. Drivers

        3.2.1. Supply Side Drivers

        3.2.2. Demand Side Drivers

    3.3. Restraints

    3.4. Opportunities

    3.5. Trends

4. Market Context

    4.1. Market Overview

    4.2. Pipeline Products

    4.3. PEST Analysis

    4.4. Porter’s Five Forces Model

    4.5. Regulatory Scenario

    4.6. U.S. Animal Healthcare Spending

5. Global Companion Animal Drugs Market Value Analysis 2015-2021 and Forecast, 2022-2027

    5.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    5.2. Current and Future Market Value (US$ Mn) Projections, 2022-2027

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

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About FMI:

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

Contact Us:
Future Market Insights,
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