Dry Ice Market to Expand at an 8% value CAGR by 2032 | Get Customized Reports

The global dry ice market is projected to reach a value of US$ 300 Mn by 2032, with the demand growing at a robust CAGR of 8%  from 2022 to 2032. Valued at US$ 137 Mn in 2021, the target market will likely reach an estimated US$ 138.95 Mn in 2022. The rising demand for dry ice to restore and renovate industrial and residential buildings damaged by fire will serve as one of the major growth inducers for the dry ice market during the forecast period.

The swiftly rising demand for frozen foods due to a fast-paced lifestyle along with the surging usage of dry ice as a refrigerant in the food and shipping sectors are predicted to significantly boost the growth of the dry ice market. Considerable growth and development in the transportation sector will likely support product shipping which will, in turn, open up various revenue growth opportunities for the global dry ice market. Owing to a surge in long transportation trips, grocery stores, and the healthcare industry will also contribute towards the creation of profitable opportunities for the dry ice market in the upcoming years.

Additionally, the dry ice market will grow steadily over the next few years due to the increasing demand for dry ice as a refrigerant in the food, transportation, pharmaceutical, and healthcare industries. Furthermore, the use of dry ice for industrial cleaning through dry ice blast cleaning will also contribute to the overall market growth. Dry ice is a safer substitute for cleaning purposes than the use of solvents and other chemicals.

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“Owing to its non-inflammable and non-toxic properties, dry ice is expected to find application in a variety of industries which, in turn, will foster the global growth of the dry ice over market the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The short lifespan of dry ice may hinder its overall market growth.
  • The development of the dry ice machine industry across the globe will strengthen market prospects.
  • The advancing entertainment industry will push the dry ice market towards growth in North America.
  • The dry ice market in the Asia Pacific region is expected to undergo the highest growth.

Competitive Landscape 

Central McGowan, VICTEX, ASCO CARBON DIOXIDE LTD, The Iceman., Linde, Merck KGaA, Polar Ice Ltd, Chillistick Ltd., Thomas Scientific, Pacific/Reliant Dry Ice, Praxair Technology, Inc., and nexAir LLC among others are some of the major players in the dry ice market profiled in the full version of the report.

Many manufacturers- large multinational corporations and private firms- substantially contribute to the oval revenue growth of the market. These leading market players are employing various organic and inorganic strategies to gain a competitive advantage.

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More Insights into Dry Ice Market Report

In its latest report, FMI offers an unbiased analysis of the global dry ice market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (dry ice pellets, sry ice blocks, other dry ice types), application (dry ice for food and beverages, dry ice for storage and transportation, dry ice for healthcare, dry ice for industrial cleaning, dry ice for other applications), and region.

According to the latest FMI reports, based on region, the dry ice market in the Asia Pacific region is expected to demonstrate the highest growth during 2022-2032. Heightened demand in the food preservation industry will likely generate growth opportunities for the target market in this region. Swelling demand for dry ice from industrial, transportation, medical, and entertainment industries, particularly those in China, Japan, and India will fuel the growth of the dry ice market in Asia Pacific. Europe is expected to follow closely after Asia Pacific in terms of dry ice market growth during the projected period.

The dry ice market in North America will also present notable growth during 2022-2032. The target market in this region will be primarily driven by the demand from the growing entertainment industry in Canada and the U.S. The increasing demand from the transportation and pharmaceutical sector also contributes to the overall dry ice market growth in this region during the forecast period.

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Argon Gas Market Size & Share 2022 | Top Players Air Products, Airgas, Air Liquide, Messer, American Gas Products

The global argon gas market is estimated to reach US$ 372.2 Mn by 2032, with demand growing at a 5.4 % CAGR over the forecast period.

Argon is extensively used in the healthcare sector for various applications. It has targeting areas with high precision capabilities making its effective for diabetic patients in retinal detachment and retinal phototherapy.

Along with this, it has the potential of a neuroprotective agent in the treatment of brain injuries such as vitro oxygen-glucose deprivation (OGD) and traumatic brain injury (TBI). Increasing use of argon gas in electrospray ionization mass spectrometry is anticipated to create opportunities for growth in the market over the forecast period.

In addition to this, the consumption of argon gas in the metal fabrication industry and electronics sector is rising rapidly. In the metal fabrication industry, argon gas is used to create an optimized atmosphere and it’s used as a shielding agent because it does not react with other components in the air.

It creates a nitrogen and oxygen-free environment for the annealing and rolling process. The size and density of the argon molecule make it an ideal element for welding. New product developments, technological upgrades, and rapid urbanization across various countries will spur demand for argon gas for metal fabrication in the construction sector.

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Moreover, surging demand from the electronics sector will augment the growth in the market over the forecast period. It is used as a carrier gas for semiconductor manufacturing processes. Argon gas prevents reactions and protects the silicon crystal that is formed on the wafer. Rising demand for smartphones, laptops, televisions, solar PV cells, and other electronic products will continue driving sales in the market.

Despite of wide applications of argon gas, its separation is difficult owing to its diffusive and adsorptive properties. Companies are adopting cost-effective, reliable, and operationally flexible solutions for the production of argon gas.

“Growing adoption of argon gas in the healthcare and lighting sectors, along with technological advancements in the production and supply of rare gases across the globe will create prospects for growth in the market,” says an FMI analyst.

Key Takeaways:

  • In terms of applications, sales of argon gas in the lighting segment are projected to increase at a 4.4% CAGR over the forecast period.
  • The U.S. will continue dominating the North America argon gas market, with sales growing at a 4.3% CAGR through 2032.
  • Germany will account for a lion’s share in the Europe argon gas market, with total demand reaching a valuation of US$ 16.8 Mn by 2032.

Competitive Landscape

Air Products, Airgas, Air Liquide, Messer, American Gas Products, Linde, Praxair Technology, Inc., SOS gases Inc, Specgas Inc., Mil Spec Industries, Toll Gas Inc, Nova Gas Technologies Inc., and Boc Gases Ireland Inc. are some of the key manufacturers of argon gas profiled by FMI.

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More Insights into the Argon Gas Market Report

In its latest report, FMI offers an unbiased analysis of the global argon gas market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, its growth, and scope, the market is segmented based on supply mode (cylinders, bulk & micro tanks, drum tanks, on-site), application (metal production and processing, electronics, lighting, and others), and region.

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Advance Wound Care Market is expected to grow from US$ 10.7 Bn in 2021 to US$ 15.4 Bn by 2031 end.

The Advance Wound Care Market was estimated at US$ 10.3 billion in 2020 and is predicted to grow at a CAGR of 3.7% during the forecast period (2021-2031). According to a Future Market Insights (FMI) analysis, the Advance Wound Care Market would produce US$ 15.4 billion by the end of 2031.

Advance Wound Care product acceptance is expected to increase due to an increasing number of surgeries and chronic disease patients worldwide. Consistent demand for first-aid and adaptable wound care products is driving growth and is predicted to generate a US$4.7 billion opportunity by 2031, according to FMI.

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Key Takeaways

  • The rising inclination towards more efficient and advance wound care facilities is increasing in developed countries which has led to a surge in the demand for high-tech technology in wound care market. Increasing investments in developing advance wound care products are expected to bolster growth in the market. In addition to that, growing efforts for their distribution by prominent stakeholders are some of the major factors expected to surge the growth of the advanced wound dressing market.
  • Favorable government initiatives in developing countries are befitting manufacturers of advance wound care in the form of higher reimbursement. Deeper collaborative research on improved textile textures and fabric’s adsorbent capacity is assisting manufacturers in producing high-quality products in developing economies.
  • Various government policies are working in the favor of start-up companies in developing countries and are anticipated to create massive opportunities for the market players in order to invest in the advance wound care market. Furthermore, higher attention is required toward better relationship management with surgeons which could result in higher product penetration in hospitals.

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  • In emerging economies, it is crucial to improve and streamline regulatory processes that are anticipated to boost the formalization of practice standards, development of better clinical treatment guidelines, standardize product usage, and shorten registration & licensing periods for AWC products.
  • A significant increase has been witnessed in the e-commerce distribution channels in advance wound care product sales in recent years. The growing number of surgeries and increasing cases of chronic disorders worldwide are anticipated to improve the adoption of advance wound care products. Persistent demand for better first-aid facilities and versatile wound care products is bolstering the growth and is expected to create the opportunity of US$ 4.7 Bn by 2031.
  • There is a rise in incidences of diabetic foot ulcers among the aging population in developing countries is fueling the demand for advance wound care market products. According to the estimations conducted by the International Diabetes Federation estimated the prevalence of diabetic foot ulcers is approximately 2% in developed countries as compared to over 20% in resource-poor countries of the Caribbean region. This indicates the demand for low-cost advance wound care products in in-patient care as well as in homes.

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Competitive Landscape

Developing countries such as India and China are anticipated to promote market growth in the manufacturing sector. A reasonable growth seen for value-added products is likely to boost the advance wound care market in the coming years.

More Insights into the Advance Wound Care Market

The U.S. is anticipated to dominate the North American region by accounting for a total of over 93% value share of the global advance wound care market. This dominance is driven by widespread healthcare awareness within the population. Furthermore, factors such as increasing demand for reducing hospital stays, surging number of surgeries, and a rise in demand for innovative & advance wound care products are expected to aid the growth. .

Advance Wound Care Market by Category

Product:

  • Hydrogels Dressings
  • Semi-Permeable Films Dressings
  • Semi-Permeable Films Dressings
  • Alginate Dressings
  • Foam Dressings
  • Non Antimicrobial Foam Dressings
  • Hydrocolloid Dressings
  • Collagen Dressings

Distribution Channel:

  • Institutional Sales
  •  Retail Sales

Region:

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

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Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

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Sales of Xenon Gas are estimated to increase at a 5.0% CAGR until 2032, reaching US$ 239.6 Mn by 2032

According to Future Market Insights (FMI), growing demand for rare gases across the globe for various applications is bolstering the growth in xenon gas market. Sales are expected to be driven by expansion of aerospace and aircraft industry, technological developments, and rising healthcare and research expenditure.

Applications of rare gases, including, xenon gas, is increasing at significant rates in the healthcare industry. As xenon gas is used as a neuroprotective and anesthetic agent, in diagnostics and other, the demand is projected to surge over the forecast period.

Further, xenon gas is used in the treatment of various respiratory illnesses. Also, ongoing research and development in healthcare industry is anticipated to create lucrative growth opportunities for the xenon gas market.

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However, there are several health concerns linked with the usage of xenon gas, including nausea, dizziness, vomiting, and even death if swallowed in large doses. Xenon gas has been linked to mental instability and tiredness in rare circumstances. Increasing use of xenon gas as anesthetic has been linked to side effects such as hypertension, nausea, and vomiting.

Asphyxia can result in nausea and vomiting, as well as prostration and loss of consciousness, convulsions, a profound coma, and death. All these factors are expected to impact the growth of xenon gas market during the forecast period.

Key Takeaways from the Market Study

  • Xenon gas sales are expected to reach a value of US$ 239.6 Mn by the end of 2032.
  • By supply mode, the cylinders’ segment is expected to grow at a CAGR 0% over the next decade.
  • In 2022, North America is expected to remain one of the key market for xenon gas, accounting for a share of 6%.
  • Due to satellite propulsion application, the aerospace & aircraft category is estimated be the prominent end users of xenon gas.
  • China is expected to lead the East Asia xenon gas market over the forecast period of 2022 and 2032.

Competitive landscape

The global xenon gas market is estimated to be a highly concentrated market with a few numbers of industry participants such as Matheson Tri-Gas, Inc., Messer Group GmbH, American Gas Products, Air Liquide, The Linde Group, Air Products & Chemicals, Inc., and Air Water Inc. accounting for a key share. Globally, key market participants are projected to maintain a competitive environment by acquisitions and mergers, collaborations and expansion strategies.

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Key Segments Covered in Xenon Gas Industry Research

By Supply Mode:

  • Cylinders
  • Bulk & Micro Bulk
  • Drum Tanks
  • On-Site

By End-use Industry:

  • Healthcare
  • Aerospace & Aircraft
  • Automotive &Transportation
  • Electrical & Electronics
  • Manufacturing Processes
  • Construction
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Rest of MEA

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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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Calcite Market– Business Opportunities and Global Forecast to 2031

The growing demand for building or structure safety measures across residential, commercial and industrial sectors are key factors driving the global calcite market. According to a study by Future Market Insights (FMI), calcite sales will continue rising in response to increasing industrial applications and rising construction activities. According to FMI, the market will surpass US$ 15.14 Bn by 2021.

The demand for ground calcium carbonate or GCC calcite will remain significantly high. It is expected account for over 60% of calcite sold globally in 2021. Increasing demand for cement has resulted in significant growth in demand for calcite. Besides this, the demand from paper and pulp industry will enable the market exhibit consistent growth through the forecast period.

The global calcite market is anticipated to grow owing to the increasing investment towards residential and commercial construction. Besides this rapid urbanization will pave way for the expansion of the market. This is especially true in case of developing countries in the East. Following temporary period of sluggish growth amid COVID-19, construction sector revival is on cards for countries such as India and China.

According to the Invest India, the construction industry in India is expected to record a CAGR of 15.7% by 2022. Considering this, India will continue presenting lucrative growth opportunities for the market through the forecast period.

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Key Takeaways of Global Calcite Market Study

  • The U.S. will account for over 80% of the North America calcite market in 2021
  • The overall value of the calcite market in the U.K. will surpass US$ 560 Mn in 2021
  •  France and Germany will remain lucrative markets for calcite backed by increasing construction activities
  • Surging investment in infrastructural development will continue fuelling demand in Japan and South Korea

“As a result of operating in a highly competitive environment, market players have been focusing on product improvement and launches as key strategies to gain competitive edge. Besides this, some of them are seeking out strategic collaborations to expand their footprint as well as product portfolio” says a lead FMI analyst.

Market Landscape Continues to Remain Moderately Fragmented

The global calcite market has been identified as a significantly fragmented market with an unorganized sector occupying major section. The Tier 1 manufacturers account for maximum share in the global market. Some leading players included in the report are Imerys S. A.,  Omya AG, J. M. Huber Corporation, Minerals Technologies Inc. and Gulshan Polyol Ltd. Tier 2 manufacturers such as ASEC Company for Mining,  Esen Mikronize A.S,  Wolkem India Ltd., Shandong CITIC Calcium Industry Co., Ltd. and Tier 3 manufacturers such as Columbia River Carbonates, Jay Minerals, Golden Lime Public Co., Ltd., Longcliffe Quarries Ltd., Vietnam CMT Joint Stock Company, Mississippi Lime Company and many regional players’ manufacturers across the globe are anticipated to create tough competitive environment on the global level.

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How is Calcite Sale Affected by Applications in Construction Industry?

The growth in the construction industry is expected to have high impact on the demand for calcite in the building materials market. The demand for building materials is increasing due to the ongoing constructions activities in both commercial and residential sectors. The cement production has been increasing significantly in recent years owing to the high investment in infrastructure development activities.

This has emerged as a chief factor fuelling the demand for calcite in countries such as China, UAE, Saudi Arabia, India, and others. Thus, the increasing use of building materials and cement in these countries will significantly affect calcite market growth

Want to Know More?

Future Market Insights, in its new report, offers an unbiased analysis of the global calcite market, analysing historical demand from 2016-2020 and forecast statistics for 2021–2031. The study reveals growth projections on the calcite market on the basis of type (GCC and PCC), by size (coarse and fine), and by applications (pulp & paper, polymer & plastic, paints & coatings, cement, adhesives & sealants, and agriculture) across key regions (North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East and Africa)

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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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Turpentine Market- Dominance of the Leading Companies Over the Global Industry

The global turpentine market is estimated to create an incremental dollar opportunity of US$ 1.05 Bn by the end of 2022. Increasing usage of turpentine across paints & coatings and home care sectors is expected to complement the growth in the market.

Fragrance manufacturers, followed by cosmetics companies, continue to account for maximum volume sales of turpentine. As the focus on bio-based products intensifies with rising sustainability quotient, the demand for turpentine is most likely to thrive at a robust pace over the coming years.

The report opines that consistently high demand for alpha & beta pinene, limonine, and a few other popular aromatic compounds will remain the key booster to highest turpentine consumption by fragrance manufacturing companies. Fragrance applications currently account for more than 40% of total consumption volume of turpentine. Besides cosmetics, which is the second most sought after application of turpentine, paints and coatings industry is also likely to develop a consumer market for turpentine in coming years – particularly in Asia Pacific.

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Demand-supply Imbalance Restricting Developed Regional Markets

With falling production of gum turpentine in developed regional markets, manufacturers of turpentine based in North America and Europe continue to face price volatility and subsequently, the demand-supply imbalance. Developed markets majorly rely on turpentine imports and FMI envisages that pricing and supply uncertainly has been compelling manufacturers to shift to turpentine alternatives. This scenario is further complicated by the labor intensive production process of turpentine, which will remain the key challenges limiting revenue growth of turpentine market.

Production-wise, China, Brazil, and Indonesia continue to lead turpentine landscape, according to the report. Escalating number of large-scale processing facilities and increasing pine tapping activities have underpinned the development of a key production and consumer market for turpentine in East Asia. On the other side, prominent countries such as Vietnam and Indonesia are creating a highly favorable scenario for turpentine production and export, in South Asian region. In addition to widespread availability of pine forests and relatively economic labor, China’s strong industrial base is upholding the most attractive market position for East Asia. Flourishing cosmetics and personal care industry is also accelerating consumption of turpentine in this region.

Top 10-12 players collectively account for 30-35% share in the global turpentine market. FMI’s report tracks some of the most prominent active partakers in the competition analysis, some of which include PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Punjab Rosin and Chemicals Works, Wuzhou Sun Shine Forestry & Chemicals Co., Ltd., Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd, CV. Indonesia Pinus, Guilin Songquan Forest Chemical Co., Ltd., EURO-YSER., and Vinhconship Group. While a majority of companies operating in the competitive landscape of turpentine market are prioritizing gum turpentine production expansion, the report expects most of investments in developing Asian and African countries.

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Key Segment

Application

  • Cosmetics
  • Fragrance
  • Food
  • Paints & Coatings
  • Others

Region

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

About Future Market Insights (FMI)

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

Contact:

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Negative Pressure Wound Therapy Market to reach US$ 9.9 Bn by the end of 2032, with sales growing at a 5.2% CAGR.

According to Future Market Insights, the Global Negative Pressure Wound Therapy Market was valued at US$ 5.9 billion in 2021 and is predicted to grow at a CAGR of around 5.2% during the forecast period (2022-2032).

Negative-pressure wound therapy (NPWT) is a therapeutic technique (or) sealed wound-care system that uses a vacuum dressing to promote healing in large chronic persistent wounds and acute complex wounds.

Rising prevalence of chronic diseases is directly related to the onset of chronic wounds such as diabetes mellitus and cardiovascular diseases. This is expected to increase sales of NPWT devices over the forecast period.

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According to the International Diabetes Federation, there will be over 400 million diabetics globally by 2025, with Asia, Africa, and Latin America seeing the most cases. Furthermore, approximately 25% of these patients are predicted to develop foot ulcers throughout their lives. A foot ulcer causes 6% of people to be hospitalized due to infection or other ulcer-related problems. Nonsurgical offloading in dressing combined with negative pressure wound care can help a person with diabetes and a neuropathic plantar ulcer heal.

Negative pressure wound therapy with a silver dressing reduces hospital stay and enables early reconstruction in patients suffering from infections. This also reduces hospital expenses for patients.

The development of the negative pressure wound therapy market will accelerate amid growing awareness among practitioners and patients, rising initiatives to promote the utility of negative pressure wound therapy devices, and the expansion of major players across the globe.

 “Increasing demand for portable NPWT devices, coupled with increasing investments in the healthcare sector to introduce patient healthcare reimbursement plans in developing countries will augment the growth in the market over the forecast period,” says an FMI analyst.

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Key Takeaways from Market Study

  • Based on product, sales in the standalone NPWT devices segment are expected to hold over 34% of the total market share by 2032, and are expected to grow at a 5.1% CAGR.
  • In terms of indication, post-surgical ulcers & open wounds segment accounted for 29.7% of the total market share in 2021, and the trend is projected to continue over the forecast period.
  • By end use, the hospitals segment will expand at a 5.1% CAGR over the assessment period.
  • North America is slated to be the leading region, with sales growing at a 3.8% CAGR through 2032.
  • Europe will emerge as a lucrative market over the assessment period, spearheaded by Germany.
  • China will account for a dominant share in the East Asia negative pressure wound therapy market.

Market Competition

Cardinal Health, Mölnlycke Health Care, Smith & Nephew, Acelity L.P. Inc. (3M), Lohmann & Rauscher GmbH & Co. KG, ConvaTec Inc., DeRoyal Industries, Inc., Medela LLC, HARTMANN, Haromed Bvba (Belgium)., Genadyne Biotechnologies, Inc., Cork Medical, LLC, Carilex Medical GmbH, Alleva Medical Ltd. (Devon Medical Products) and Argentum Medical, LLC are some of the leading players operating in the negative pressure wound therapy market.

Key players are focusing on acquisitions and are launching innovative products to expand their product portfolios. For instance:

  • In January 2022, Smith and Nephew launched new indications for use of its PICO 7 and PICO 14 single-use negative pressure wound therapy (sNPWT) systems. The U.S. Food and Drug Administration (FDA) cleared the systems for use on closed surgical incisions.
  • In April 2021, Lohmann & Rauscher (L&R) expanded its product range with the asset acquisition of the French hosiery company MTA’s medical stockings division.

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Negative Pressure Wound Therapy Market by Category

By Product Type:

  • Standalone NPWT Devices
    • Direct Sales
    • Rental Sales
      • Product
      • Services
  • Portable NPWT Devices
    • Direct Sales
    • Rental Sales
      • Product
      • Services
  • Single-Use NPWT Devices
    • Direct Sales
    • Rental Sales
      • Product
      • Services
  • NPWT Dressings
    • Foam Dressings
    • Hydrocolloid Dressings
    • Standard Gauze Dressings
  • NPWT Accessories

By Indication:

  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Post-Surgical Ulcers & Open Wound
  • Burn Wounds
  • Other Wounds

By End-User:

  • Hospitals
    • Acute Care Centers
    • Community Hospitals
  • Ambulatory Surgical Centers
  • Trauma Care Centers
  • Specialty Clinics
  • Home Care Settings
  • Long-Term Care Centers
  • Skilled Nursing Facilities

By Region:

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

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MENA Syringes & Cannula Market is expected to reach US$ 2.4 Bn by 2031

During the forecast period, the MENA Syringes And Cannula Market is expected to develop at a CAGR of 6.4%. The market is anticipated to be valued US$ 2.4 billion by 2032. In 2020, the disposable segment accounted for 87.3% of total market share, a trend that is expected to continue throughout the forecast period.

Increasing preference for elective medical procedures and surgeries, as well as rising medical supply consumption, are driving demand for cost-effective equipment and healthcare supplies.

The COVID-19 pandemic increased hospitalization rates, and MENA saw a surge in demand for medical supplies such as syringes, cannulas, and personal protective medical equipment. With an increase in overall medical supply consumption, the region is seeing a growing trend toward the use of syringes and cannulas, boosting the market.

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For single-use cases, medical products such as syringes and cannulas are used to prevent the spread of infectious agents and contaminants to providers and patients. This factor reduces the average duration of such product use while increasing the demand for syringes and cannulas in medical settings.

According to an FMI analyst, “rising diabetes incidence and growing preference for cosmetic surgeries among individuals are expected to create opportunities for growth in the MENA syringers & cannula market.”  

Key Takeaways:

  • In 2020, the medical protective equipment segment accounted for 59.8% of the total market share.
  • In 2020, the disposables segment accounted for 87.3% of the MENA syringes & cannula market.
  • In terms of distribution channels, institutional sales are the dominant segment, accounting for approximately 63.8% of the total market share in 2020.
  • Saudi Arabia held 16.2% of the total market share in 2020, a trend that is expected to continue throughout the forecast period.

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Competition Landscape

  • To gain a competitive advantage, key players in the MENA syringes & cannulas market are launching novel products. They are also expanding their footprint through mergers, acquisitions, and collaborations. As an example:
  • • In June 2021, Becton Dickinson and Company received an order for needles and syringes to participate in a vaccination drive in 40 countries, including Saudi Arabia, Germany, and South Africa. • In August 2021, Hindustan Syringes and Medical Devices Ltd met a milestone target of producing 1 billion auto-disposable syringes for COVID 19 vaccinations. The company now has the capacity to produce 50 crore AD syringes per year.

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at MENA, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. The MENA syringes & cannula market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study offers compelling insights into the MENA syringes and cannula market segmentation based on product (syringes [disposable hypodermic syringes, auto disposable syringes, safety syringes, prefilled syringes, and insulin syringes], cannulae [neonatal cannulae, straight cannulae, winged cannula

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Generic Injectable Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2031

The Global Generic Injectable Market research report contains key information about the global, regional, and top companies, such as Generic Injectable market share analysis, winning strategies, current advancements, and financial plans. The term “electronic commerce” refers to the sale of electronic goods.

Following the introduction of artificial intelligence and Internet of Things-integrated medical equipment during the last decade, the healthcare sector has grown significantly. Technological advancement has created an astounding scope for diagnostics and therapies in the medical sector.

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Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing maximum countries across the globe, healthcare industry is witnessing its fair share of ‘ups and downs’. The COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities and infrastructure. Despite the endless pressure, healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Generic Injectable market gives a detailed analysis on the impact of COVID-19 with an incisive coverage on the innovative strategies adopted by the market players to survive the challenges due to pandemic.

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Reasons to Buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

Detailed analysis on the geographical region and country wise insights are offered in the latest Generic Injectable market report with established market players as well as incumbents in the region.

The global Generic Injectable market can be segmented as follows:

  • Monoclonal antibody generic injection possible
  • Immunoglobulin generic injection
  • Cytokine generic injection
  • Insulin generic injection
  • Peptide hormone generic injection
  • Blood factor generic injection
  • Peptide antibiotic generic injection
  • Vaccine generic injection
  • Generic injection of small molecule antibiotics
  • Chemotherapeutic agent General injection

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Molecular type

  • Small molecule generic injection
  • Polymer generic injection

application

  • Oncology Generic Injection
  • Infectious diseases General injection
  • Diabetes general injection
  • Hematopoietic system general injection
  • Hormonal diseases General injections
  • Musculoskeletal disorder General injection possible
  • Central nervous system diseases General injection possible
  • Pain management generic injection
  • General injections for cardiovascular disease

Route of administration

  • Intravenous (IV) generic injection
  • Intramuscular (IM) generic injection
  • Subcutaneous (SC) generic injection

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis 

By Prominent Market Players:

  • Samsung Biologics Co., Ltd.
  • Aurobind Pharma Limited
  • Sun Pharma Japan Limited
  • Novartis AG
  • Merck & Co. Inc.
  • Cipla Ltd
  • Pfizer Japan Inc
  • Fresenius Kabi
  • Sanofi SA
  • AstraZeneca Plc
  • Teva Pharmaceuticals.
  • Mylan NA
  • Baxter International
  • Dr. Reddy’s Laboratories Ltd

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Generic Injectable market

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Generic Injectable market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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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.

Contact:

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Arthroscopy Procedures and products Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2021-2031

According to Future Market Insights (FMI), the Global Arthroscopy Procedures And Products Market are estimated to be worth approximately US$ 6.48 billion in 2021.

The market revenue is expected to grow at a CAGR of more than 7.7% from 2021 to 2031, owing to increased application in sports medicine and the rising prevalence of osteoarthritis (OA) in the senior population.

Growth in North America and Europe remains strong, owing to an increased demand for arthroscopic operations among the older population, particularly in the United States and Germany. North America and Europe, combined, accounting for approximately 77% of worldwide revenue share.

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The prevalence of knee osteoarthritis in the senior population is rising, and there are more knee arthroscopies being performed globally, which has boosted market growth. Growth is being fueled by expanding applications in sports medicine and simple regulatory approval processes like those used by the US Food & Drug Administration.

Patients with severe osteoarthritis are favouring knee arthroscopy because to its non-invasiveness and benefits, which is propelling market growth.

The adoption of knee arthroscopy surgeries in the U.S., Germany, the UK, and China has been prompted by the rising prevalence of osteoarthritis in those countries.

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Key Takeaways from FMI’s Arthroscopy Procedures and Products Market Study

  • In terms of procedure type, knee arthroscopy will account for over 50% of the global market share
  • Arthroscopic implants segment will account for highest share of the arthroscopy procedures & products market during the forecast period
  • The U.S. will emerge as the most lucrative market backed by the rising prevalence of degenerative disease among geriatric population
  • Germany and the U.K., collectively, will emerge as the most lucrative market across Europe in the upcoming decade
  • Japan is anticipated to emerge as a lucrative market backed by the high prevalence of rheumatoid arthritis and osteoarthritis among elderly

 “Increasing prevalence of osteoarthritis and growing degenerative disease among elderly population have encouraged the leading players to engage in research & development activities to develop advanced procedure & instrument for non-invasive surgeries,” says the FMI analyst. 

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Competitive Landscape

Prominent players in the market are focusing on strategic mergers and collaboration to expand their global footprint in the market.

New product launches coupled with increasing research & development activities for the development of advanced arthroscopy instruments & devices will also be one of the key strategy to enhance their customer base for market players.

For instance, couple of years back, leading player, Smith & Nephew entered into a distribution agreement with OrthAlign, a U.S. based private company to develop medical devices and distribute their Total-Knee Arthroplasty (TKA) technology across several countries in Africa and Middle East.

Also, in 2018, Ceterix® Orthopedics, Inc., a leader in the development of cutting-edge surgical tools for orthopedic surgeons announced the U.S. Food and Drug Administration (FDA) 510(k) clearance of NovoStitch® Pro Meniscal Repair System – a size 0 suture cartridge – offering surgeons more options to repair meniscal tears for arthroscopic surgeries.

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Arthroscopy Procedure and Product Market by Category

By Product Type:

  • Arthroscopes and Visualization Systems
  • Arthroscopic Resection Systems
  • Arthroscopic Fluid Management Systems
  • Arthroscopic Implants
    • Knee Implants
    • Shoulder Implants
    • Hip Implants
    • Other Implants
  • Arthroscopy Radiofrequency (RF) Systems
  • Arthroscopic Drills and Fixation Systems
  • Other Arthroscopy Instruments and Accessories

By Procedure Type:

  • Shoulder Arthroscopy
  • Hip Arthroscopy
  • Knee Arthroscopy
  • Elbow Arthroscopy
  • Small Joints Arthroscopy
  • Others

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9 years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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