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Fat Soluble Vitamins Market is expected to reach US$ 384.5 Billion in 2032 and anticipated to grow at 8.9% CAGR during 2022-2032

Vitamins are the vital and essential organic nutrients, important for the metabolism and physical well-being of the body. Fourteen vitamins are essential for the normal and healthy growth of the human body that associate and help catalyze important biochemical reactions. Fat soluble vitamins are the non-polar compounds that are soluble in non-polar solvents such as fatty tissues of the body.

Vitamin A, D, E, and K are the fat soluble vitamins and are mostly sourced from plant sources such as nuts, whole grains, olive and sunflower oils, and spinach, etc. and to some extent from dairy products. Fat soluble vitamins are dominantly consumed in the form of dietary supplements and fortified food products to make up the daily intake of the fat soluble vitamins. The global market of the fat soluble vitamins is driven by the increasing health consciousness in the world.

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Plant-based Products Increased Popularity driving the Global Market of the Fat Soluble Vitamins

The global fat soluble vitamins market is driven by the rising health consciousness and health concerns in developed and developing countries. Fat soluble vitamins have various health benefits, majorly consisting of, eye health, bone health, teeth health, muscle strength, mobility, brain health, cardiovascular health, and overall immune health. The increasing prevalence of the eye diseases and heart conditions along with the increasing average life span of the humans leading to increase in the percentile of the aged population, fat soluble vitamin market have increased demand for vitamin supplements.

Manufacturers of the fat soluble vitamins in the global market are manufacturing products with the claims such as GMO-free, vegan, animal free component, etc. to increase the sales by tapping into the currents consumer demand. Considering increasing health halo surrounding the plant-based products, fat soluble vitamins derived from plant sources have increased opportunity in the global market.

Fat Soluble Vitamins Market: Regional Analysis

North American and European region dominantly occupies the major share of the global fat soluble vitamins market. Owing to the robust presence of the manufacturers and ease of access of the consumer goods in the region, with the strong consumer spending the regions occupies major share. However, due to urbanization, industrialization, and improving economic situation the consumer spending is increasing in the Asian and Middle Eastern and African countries. This is further creating increased opportunity for fat soluble vitamins and is expected to witness the highest growth rate over the forecast period.

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Fat Soluble Vitamins Market: Key Participants

Some of the market participants in the fat soluble vitamins market are:

• Koninklijke DSM N.V.
• Huaian Chenhui Chemical Company Limited
• Glanbia Plc
• BASF SE
• Archer Daniels Midland Company
• Lonza Group

The research report presents a comprehensive assessment of the Fat soluble vitamins 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 form, grade, and end use.

Fat Soluble Vitamins Market Segmentation

The fat soluble vitamins market can be segmented on the basis of type, form, end use, and distribution channel.

On the basis of type, the fat soluble vitamins market can be segmented as:

• Vitamin A
• Vitamin D
• Vitamin E
• Vitamin K

On the basis of form, the fat soluble vitamins market can be segmented as:

• Liquid
• Dry

On the basis of end use, the fat soluble vitamins market can be segmented as:

• Food and Beverage
• Infant Nutrition
• Functional Food
• Dietary Supplements
• Cosmetics and Personal Care Products
• Pharmaceutical
• Animal Feed

On the basis of distribution channel, the fat soluble vitamins market can be segmented as:

• Direct Sales Channel/ B2B
• Indirect Sales Channel/B2C
• Hypermarket/Supermarket
• Specialty Stores
• Online Retail
• Other Retail Format

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Frequently Asked Questions

• What is the Growth Outlook for the Fat Soluble Vitamins Market?
• Which is the Future of Fat Soluble Vitamins Market?
• Who are the Few Key Players in the Fat Soluble Vitamins Market?

About FMI

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The worldwide ACF supplements market is expected to arrive at US$ 384.5 Billion by 2032. The market is developing quickly and is supposed to be esteemed at US$ 163.9 Billion in 2022 and will enlist at a huge CAGR of 8.9 % during the gauge time frame from 2022 to 2032.

ACF Supplements stands for the animal component free supplement, also termed as an animal-derived component free supplement. ACF supplements that are chemically defined are added to the protein-free cell culture media to accelerate cell growth. With the advancements in processing technology and production of novel biopharmaceuticals for therapeutic use, the utilization of animal-derived components is under constant scrutiny.

The use of animal-derived components in cell culture have a high risk of contamination such as BSE, HIV, BVD, and Hepatitis. Therefore, supplements that are non-animal origin are getting widely popular and important among the manufacturers of bio-molecules and bio-therapeutics such as ACF supplements. ACF supplements are being researched for their use in pharmaceutical products and dietary supplements.

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Innovation and Expansion in the Dietary Supplements and Pharmaceutical Products is Increasing the Sales of ACF Supplements and Creating Positive Scenario in the Global ACF Supplements Market

Awareness about animal cruelty and animal rights have been rising in the world due to the increasing use of social media and other platforms. This has led to the growing worldwide shortages and price hikes of the supplements derived from animals such as foetal bovine serum (FBS). Ultimately it has led to the increasing popularity of the serum-free and animal component-free supplements, which are additionally cost-effective and economic. The global ACF supplements market is driven majorly by the increasing awareness among the consumers of pharmaceutical and dietary supplement products and also among the manufacturers of these products.

Increasing expenditure on the research and development activities in the cell culture industry is enabling the introduction of new products in ACF supplements market with enhanced functionality such as significantly increased single-cell cloning efficiency of CHO cells media, compatibility with wide variety commercially available culture media. ACF supplements contain recombinant proteins and phenol red, without any animal components, serum, hydrolysates, L-glutamine, etc.

Some of the market participants in the ACF Supplements market are:

• STEMCELL Technologies Inc.
• Kerry Inc.
• StemCell Inc.
• Xell AG
• InVitria
• ScienCell Research Laboratories, Inc.
• HiMedia Laboratories
• ZenBio
• Biological Industries
• PeproTech, Inc.

The research report presents a comprehensive assessment of the ACF Supplements 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 form and end use.

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Key Segments Profiled in the ACF Supplements Market

By Form:

• Dry
• Liquid

By End User:

• Pharmaceutical
• Dietary supplements

By Region:

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

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Frequently Asked Questions

• What is the Growth Outlook for the ACF Supplements Market?
• Which Region is set to lead the ACF Supplements Market?
• Which are some of the Renowned Companies in the ACF Supplements Market?

About FMI

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According to Future Market Insights (FMI), the global mineral fortification market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around US$ 137.2 Bn by 2032.

The technique of adding minerals to regularly consumed foods to boost their nutritional value is known as a mineral fortification. It’s a tried-and-true, safe, and cost-effective strategy for improving diets and avoiding and treating micronutrient deficiencies.

The global mineral fortification sector has seen significant growth in recent years as a result of the growing consumption of mineral-enriched meals. Rising health concerns and an increase in illness rates are the key drivers of the mineral fortification market throughout the forecast period. According to FMI, between 2017 and 2021, the market grew at a CAGR of 6.7%.

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In response to the rising prevalence of nutritional deficiencies, particularly in developing countries, food fortification programs have evolved as public health initiatives. In statistical investigations, iodine fortification has been demonstrated to reduce the incidence of goiter by approximately 90%.

Mineral fortification is a cost-effective technique for improving population nutrition, and it has significant economic benefits. Micronutrients are repeatedly scored as the most cost-effective development intervention, with huge returns for a modest cost, according to reviews such as the Copenhagen Consensus.

Key Takeaways from Market Study

• Based on mineral type, the calcium mineral fortification is anticipated to account for around 28.9% of the market share over the forecast period.
• North America mineral fortification market is expected to witness a lucrative growth rate of 6.8% CAGR during the forecast period.
• East Asia is projected to account for 19.3% of the global mineral fortification consumption through 2032.
• Based on end-use, the food segment is anticipated to account for around 39.8% of the market share over the forecast period.

 “Key manufacturers are adopting strategies such as product branding and positioning to gain revenue. They are capitalizing on growing preference for healthy and staple food products. This is expected to create remunerative growth opportunities for the mineral fortification market.” says a Future Market Insights analyst.

Competitive Landscape

Some of the leading players operating in the global mineral fortification market include, Koninklijke DSM NV, The Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Merck & Co. Inc., DuPont de Nemours Inc., DSM Nutritional Products, ABBOTT LABORATORIES, General Mills, Albion Minerals., The Proctor and Gamble Company, Specialty Minerals Inc., Heinz, Kellogg’s., Pestell Nutrition Inc, Wright Group, And Fortitech Inc., among others.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Mineral Fortification market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Mineral Fortification Market by Category

By Mineral Type:

• Calcium
• Iron
• Zinc
• Iodine
• Other Minerals

By End-use Application:

• Food
• Beverage
• Dietary Supplement
• Animal Feed

By Region:

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

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Frequently Asked Questions

• How big is the mineral fortification market?
• What is the anticipated market value of the mineral fortification market by 2032?
• What is the mineral fortification market outlook?
• Which region is expected to drive the demand for the mineral fortification market?
• Who are the leading key players operating in the market?

About FMI

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

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The global premium chocolate market is set to witness growth at a CAGR of 8.8% over the forecast period (2022-2032) and top a valuation of USD 67.8 Bn by 2032.

Trends in the premium chocolate market, such as clean labeling, are influenced by organic ingredients, and this has a big impact on the market’s expansion. The demand for premium chocolate is high due to the health benefits it offers.

However, it was reported by BDSI or the Federal Association of the German Confectionery Industry, that several medium-sized companies were downsized, with a large number of premium chocolate manufacturers stating that the financial performance for this year was lesser than the previous year.

The rising demand for sugar-free, gluten-free, organic, and vegan chocolates is being influenced by recent premium chocolate market trends. Due to growing awareness of the detrimental effects of synthetic products on human health and the environment, the majority of health-conscious consumers have shifted to organic products.

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Additionally, there has been a noticeable increase in demand for limited-edition chocolates, which is significantly driving the expansion of the premium chocolate market. Several luxury and premium chocolate tastes are introduced by major market players on certain occasions, such as Easter.

Furthermore, it is anticipated that during the projection period, package styles and chocolate shape will be the major variables that have a favorable impact on the sales of premium chocolate.

Key Takeaways from Market Study

• Europe is expected to dominate the global market by accounting for the maximum share value of about 24.1 billion by 2032, followed by North America.
• Spain is to account for the maximum share of nearly 22.8% of the European premium chocolate market.
• The US premium chocolate market is expanding at an impressive rate, with an expected CAGR of 9.1 % during the projected period.
• Rising demand for premium chocolate owing to the trending gifting culture in different regions across the globe is predicted to boost the market growth during the assessment period (2022-2032).
• By product type, dark chocolate is expected to dominate the premium chocolate market with a CAGR of 7.1 % through 2032.
• Indirect channel is expected to show an impressive growth as compared to the direct channel over the assessment period (2022-2032).

“Growing awareness among individuals related to benefits which can be expressed in their health after consuming premium quality chocolates is re-designing the market and is prophesied to increase the demand for premium chocolate in the coming decade”, says a Future Market Insights analyst.

Competitive Landscape

Top key players in the premium chocolate market are Nestle S.A., The Hershey Company, Yildiz Holding, Mars Incorporate, Lake Champlain Chocolates and others.

Key premium chocolate market participants are following different marketing and promotional strategies, such as new product launches, geographical expansion, mergers and acquisitions, partnerships and collaboration

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Recent Developments:

• KitKat Chocolatory Sublime Volcanic, created from volcanic chocolate containing rare cocoa beans, was introduced by Nestle Japan in January 2019. These new goods’ cocoa beans, which make up roughly 0.2 percent of global production, are grown on volcanic islands.
• The salted caramel truffle was introduced by Lindt & Sprüngli in May 2020 in Europe and other regions of the world. The salted caramel chocolate truffle has a silky caramel-flavored filling inside of a smooth milk chocolate shell. The cost of the product is GBP 5 for a package weighing 200 g.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global premium chocolate market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Premium Chocolate Market by Category

By Product Type:

• Dark Chocolate
• White and Milk Chocolate
• Sugar Free
• Nutty
• Crunchy

By Packaging Type:

• Standard Packaging
• Gift Packaging

By Distribution Channel:

• Direct
• Indirect

By Region:

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

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Frequently Asked Questions

• What is the Growth Rate of the Premium Chocolate Market?
• What is the Future Outlook of the Premium Chocolate Market?
• What is the Present Market Size for Premium Chocolate?
• How Much Share do the Top 10 Companies hold in the Premium Chocolate Market?
• Which Are The Major Countries Driving Demand For Premium Chocolate?

About FMI

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

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At a phenomenal CAGR of 5.8%, the food and beverages additives market is expected to strike US$ 52.2 billion by 2020. The food and beverages additives market is being driven by the global growth of the food and beverage sector. Sales of food and beverages additives are increasing over the world owing to shifting population eating trends packaged food and beverage consumption.

Food and beverages additives market is segmented on the basis of product type which includes sweeteners, flavors and flavor enhancers, preservatives, enzymes, fat replacers, colorants, emulsifiers and others (texturizer and shelf life stabilizers). Among all these segments flavors and flavor enhancers segment is expected to occupy the largest position on the pie. Increasing demand for processed food with better taste and flavor is attributed to this growth.

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Moreover, sweeteners is another segment which is predicted to show a substantial growth as it is seen as sugar alternative. Thus rise in demand for low calorie product due to increased diabetic problem across the globe is expected to support the demand of sweetener during the forecast period. Fat replacers segment is also expected to be the major contributor in terms of revenue. Rising demand for low fat products due to increased rate of obesity level and heart diseases is expected to attribute this growth. Food emulsifiers segment is expected to show a healthy growth in the near future followed by food enzymes.

On the basis of application the food and beverages additives market segmentation includes food products and beverages products. Food products segment is further sub segmented as processed and frozen food, bakery and confectionery products, snack food products, dairy products, meat and poultry products and others (baby food products). Among all these segments processed and frozen food products is expected to account for major market share. Increasing disposable income especially in developing regions has led the consumers inclination towards packaged or convenience food products which is simultaneously expected to support the growth of the market.

Beverages is further sub segmented as soft drinks and fruit juices, energy/sport drinks, alcoholic beverages and bottled water. Among all these sub segments soft drinks and fruit juices is expected to account for the major market share followed by energy/sport drinks. Increasing awareness among the people for healthy diet has raised the demand for packaged soft drinks and fruit juices which is further expected to contribute to the market. Also, the demand of energy/sport drinks is rising which is expected to support a substantial growth to the food and beverages additives market.

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Food and Beverages Additives Market Drivers 

Rising demand for convenience and packaged foods coupled with increasing health consciousness among the people in developed economies is expected to support the growth of food and beverages additives market during the forecast period. In emerging economies, rising disposable income and shifting of consumer preference towards enhanced food products with flavors and taste is expected to fuel the growth of food and beverages additives market during the forecast period.

Food and Beverages Additives Market: Key Players

Some of the major players operating in food and beverages additives market includes Symrise AG, Sensient Technologies Corporation, Royal DSM NV, Tate & Lyle plc, Kerry Group plc, Givaudan SA and Firmenich SA among others.

Regional analysis for Food and Beverages Additives Market includes

• North America
• US & Canada

• Latin America
• Brazil, Mexico, Others
• Western Europe
• EU5
• Nordics

• Benelux
• Eastern Europe
• Asia Pacific
• Australia and New Zealand (ANZ)
• Greater China

• India
• ASEAN
• Rest of Asia Pacific
• Japan
• Middle East and Africa

• GCC Countries
• Other Middle East
• North Africa
• South Africa
• Other Africa

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.

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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.

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Multi Nutritional Supplement Market forecasted to register 6.8% CAGR during the forecast period (2022-2032) and projected to reach US$ 1.9 Billion by 2032 

With the increasing growth of the health & wellness trend and consumers’ awareness about the necessity of adding diverse nutrients in diets, the demand for multi-nutritional supplements as well as dietary supplements has increased significantly in the past few years. Over-the-counter dietary supplements and multi-nutritional supplements are becoming a big business with a mounting number of consumers relying on these nutraceuticals for satisfying their daily dietary needs.

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Consumers are becoming aware about the importance of antioxidants, vitamins, and other nutrients, and it is directly influencing the sales of multi-nutritional supplements. In addition, with the increasing global prevalence of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes, consumers are likely to depend on external nutritional supply to meet their dietary needs. Increasing dependency of consumers on multi-nutritional supplements for weight loss and obesity management will further bolster their demand in the coming years.

Consumers are preferring to consume multi-nutritional supplements instead of resorting to two or more than two dietary supplements to get the essential nutrients. This is expected to support the growth of the multi-nutritional supplements market in the coming years. Leading players in the multi-nutritional supplements are introducing products with health benefiting ingredients such as vitamin D ingredients, vitamin C ingredients, and natural antioxidants.

Multi-nutritional Supplements Market – Competitive Landscape

Key stakeholders in the multi-nutritional supplements market Amway, Nature’s Bounty, Inc., Rexall Sundown, Inc., Puritan’s Pride, Inc., Osteo Bi-Flex, among the many others. Some of the notable developments in the competitive landscape of the multi-nutritional supplements market include:

Ever-growing Demand for Nutrition Supplements among Elderly Consumers

The consumption of multi-nutritional supplements is expected to remain significantly high across the geriatric population. A 2017 survey including 3,500 American adults aged 60 and older was published in The Journal of Nutrition, and it found that almost three-fourth of the participants consumed a daily multi-nutritional supplement (either individual vitamin or mineral or a multivitamin supplement), more than half of the participants said that they take one or two supplements, and more than one-fourth of the participants take four or more supplements.

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The Rise of Multi-nutritional Supplement Subscription Services Bring in New Trends

While the multi-nutritional supplements market is witnessing incremental growth worldwide, consumers’ need to maintain adherence to their nutritional program is triggering the rise of new market trends. A mounting number of leading players, as well as new entrants in the multi-nutritional supplements market, are introducing supplement subscription services integrated with advanced technologies to offer consumers more convenience at maintaining their daily nutritional intake.

Introducing subscription services that can offer more personalised recommendations about sustainable and high-quality multi-nutritional supplements is expected to emerge as a winning strategy for stakeholders in the coming future.

The research report presents a comprehensive assessment of the multi-nutritional supplements 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 multi-nutritional supplements market is broadly segmented according to the ingredient type, application, and region.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

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Frequently Asked Questions

• What is the Growth Outlook of the Multi Nutritional Supplement Market?

The multi nutritional supplement market is projected to register a CAGR of 5.9% during the forecast period.

• Which Key Players is expected to hold a Major Multi Nutritional Supplement Market Share?

Amway is projected to hold a significant multi nutritional supplement market share during the forecast period.

• What was the Historical Size of the Multi Nutritional Supplement Market?

Multi nutritional supplement market size was worth US$ 310 Bn in 2020.

About FMI

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

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The global Medical Hyperspectral Imaging Market is anticipated to grow from a valuation of US$ 181.8 Mn in 2022 to US$ 294.7 Mn by the end of 2030, expanding at a CAGR of 6.2%.

Growing number of healthcare ailments continues to drive advancements in medical imaging landscape. As such, computational power, image analysis, and hyperspectral cameras are the technological innovations being implemented all across the healthcare industry.

Non-invasive diseases as well as surgeries are being precisely figured out by imaging sensors. Also, they do not emit any sort of radiation to harm the patient or operator. According to FMI’s analysis, these factors will provide impetus to the market during the assessment period.

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List of Key Players Covered in Medical Hyperspectral Imaging market are:

• IMEC
• Norsk Elektro Optikk
• Galileo
• Gilden Photonics
• Resonon
• XIMEA
• Gooch & Housego
• Chemlmage
• Applied Spectral Imaging
• Cubert
• EVK DI Kerschhaggl
• Headwall Photonics
• FluxData

“Proven success in North America and Europe is prompting medical hyperspectral imaging market players to shift their priorities to the developing economies. This factor will help in growth of the market between 2020 and 2030” – FMI Analyst

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Key Takeaways

• Hyperspectral camera holds the largest market share owing to latest advancements with respect to sensor development
• High preference for accuracy to boost prospects of MHSI in healthcare
• US and Europe to collectively account for nearly 40% revenue share
• India’s growth as a medical tourism hub to create opportunities for market players

Although FMI’s report is bullish on the use of hyperspectral imaging in medical applications, initial investments and reluctance to experiment will lead to limited adoption, especially in the next couple of years.

FMI’s discussion with stakeholders across the value chain revealed that concerns related to data storage, and the subsequent associated cost has been a key restraint for end-users. Many providers are offering cloud-based storage options, and it is likely that over the course of the forecast period, adoption will gradually increase.

Hyperspectral imaging used in a range of sectors apart from healthcare. The key hyperspectral imaging players are continuously focusing on offering technologically-superior products, not just for the healthcare industry.

According to FMI, holistic advances in hyperspectral imaging will boost the confidence of healthcare industry and fuel adoption. However, manufacturers will need to maintain that elusive balance between quality offerings and competitive pricing.

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Want more insights?

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 2015 to 2030. The global medical hyperspectral imaging market is segmented in detail to cover every aspect and present a complete market intelligence approach to the reader.

The study provides compelling insights on medical hyperspectral imaging market on the basis of product type (healthcare hyperspectral cameras, accessories), application (medical diagnostics (ophthalmology, wound diagnostics, oncology, GI Diseases, others)), tissue and cell biology, drug discovery, others), technology (Visible Hyperspectral Imaging, Near-Infrared Hyperspectral Imaging, Ultraviolet Hyperspectral Imaging, Short-Wave Infrared Imaging, and Mid-Wave Infrared Hyperspectral Imaging), end-user (diagnostic centres, hospitals, research & academic centres, pharmaceutical & biotechnology companies) across seven regions.

Key Regions Covered:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & 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 09-years.

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The Swab and Viral Transport Medium Market was estimated to be worth around US$ 7.8 billion. By 2030, the market is anticipated to grow at a 6.1% CAGR and reach a value of US$ 13.4 billion. Future Market Insights (FMI).

An upswing in the sales of critical equipment with respect to collection and transportation of samples is currently underway. This has escalated the production of swab and viral transport medium, thereby driving the market.

To detect the viral RNA in human body; nasopharyngeal swab and deep nasal swab techniques are being used. The overall market is primarily driven by increased rate of flu in various regions. As per CDC, 2019-20 season has witnessed close to 20 Mn cases of influenza in the U.S. with 280,000 hospitalizations as on Feb 15, 2020.

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At the same time, efforts taken by respective governments to increase awareness about flu, coupled with initiatives undertaken by World Health Organization (WHO), Global Alliance for Vaccines and Immunization (GAVI), The Pan American Health Organization (PAHO), etc. are expected to drive the market.

“Expanded Program on Immunization” is one the initiatives taken by PAHO at the pan American level. In Jan 2020, GAVI, at the behest of MSF (Doctors without Borders) bulk brought cheaper pneumococcal vaccine for around 55 Mn children. The initiatives mentioned above would be taken up in the forecast period as well. That will certainly ask for more swab and viral transformation motion to be in place.

Key Takeaways from Swab and Viral Transport Medium Market Study

• The global market for swab and viral transport medium is showing sharp increment in the year 2020 due to outbreak of Covid-19 with increase in demand for pool of patients going for certain diagnostic tests.
• Based on symptoms, influenza, coronavirus, and hanta virus are expected to collectively hold more than 50% of revenue in the year 2020.
• Among all end users, diagnostic laboratories are anticipated to witness a CAGR of 1.6% over the forecast period.
• North America and Europe collectively accounted for more than 70% of revenue share in 2019 while Asia Pacific is expected to show greater growth potential over the forecast period.
• Asia Pacific is expected to upturn the swab and viral transport medium market in the years to come with local players going for in-house swabs

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New Product Launches: Key Strategic Focus Area of Swab and Viral Transport Medium Market Players

New product launches/approvals and governments’ support are raising the bar for competition amongst market players. Numerous organizations are focusing on new product launches for diagnostic test especially for coronavirus and influenza. For Instance, DiaSorin, a prominent manufacturer of swabs specifies NP swabs in 3 ml of Copan Universal Transport Media (UTM) or BD Viral Transport Media. In 2019, MWE launched ∑-VCM transport device, to enable the collection, transport and preservation of viruses.

The other players included as a part of market study include McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, and Medical Wire & Equipment (MWE).

About the Report

Future Market Insights brings the comprehensive research report at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global swab and viral transport medium market covers every aspect of the market and presents a complete market intelligence approach to the reader. The study provides compelling insights on swab and viral transport medium market on the basis of product type (nasopharyngeal swab, deep nasal swabs, combined nasal & throat swabs, culture swabs and vaginal swabs). By indication, the market covers influenza, respiratory syncytial virus, mumps virus, adenovirus, rhinovirus, herpes simplex virus, varicella-zoster virus, and others. End user covers (diagnostic laboratories, hospitals & ambulatory surgical centers and specialty clinics and others) across seven major regions.

Swab and Viral Transport Medium Market by Category

By Product:

• Viral Transport Medium
  • Tissue Culture Medium
  • Glycerol Transport Medium
• Virus Swabs
  • Nasopharyngeal Swabs
  • Deep Nasal Swabs
  • Combined Nasal & Throat Swabs
  • Culture Swabs
  • Vaginal Swabs

By Application:

• Influenza
• Respiratory syncytial virus
• Mumps Virus
• Adenovirus
• Rhinovirus
• Herpes Simplex Virus
• Varicella-Zoster Virus
• Other Indication

By End User:

• Hospitals & ASCs
• Specialty Clinics
• Diagnostic Laboratories
• Others

For Read More Related Insights:

Point-of-care Molecular Diagnostics Market

Antibody Therapy Market

Patient Registry Software Market

Medical Chairs Market

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:

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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In 2021, the Home Health Care Market sector generated $3 billion in revenue. According to a thorough analysis, the global home healthcare market is anticipated to grow at a CAGR of 3.1% from 2022 to 2030, reaching US$ 4 billion.

Home Health Care Market Projected to reach global market revenues of over US$ 4 Bn by the end of 2030. There are a number of reasons why the global home healthcare market is predicted to multiply in the years to come. These are: the increase in geriatric population that find it difficult to visit hospitals as well as other diagnostic centres repeatedly, the efforts undertaken by the government for promoting home healthcare, chronic illnesses, the increasing healthcare expenditure, the growing need for reasonably priced treatments, and the technological improvements in the field of pharmaceuticals as well as medical science.

However, factors like stern reimbursement policies, the safety issues of patients, as well as the low insurance coverage are acting as hurdles for the growth of home healthcare market.

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The players operating in the global home healthcare market are predicted to get new income sources because of the drifting trend towards telehealth and wide unfulfilled demand from the emerging economies but only if they can meet the needs of skilled home care employees.

It is predicted that the global home healthcare market will have a significant success in the time to come. With the help of home health care, the patients receive a lot of treatments right from their homes and the home healthcare market is seen to be growing in popularity in cases where the patient does not need any major treatments, and it is also cheaper in comparison to the treatments in hospitals.

Global Home Health Care Market: Trends and Opportunities

In today’s generation where most of the services can be availed from any place, it is only the healthcare services that still require to be held in a particular and professionally controlled environment. But with the change in the attitude of consumers now require quality services right from their houses is making it necessary to decentralize health care services and provide the patients with what they prefer.

The factors that are boosting the global home healthcare market are the growth in the number of old people, the growing number of reoccurring illnesses, the favourable steps that the government has undertaken as well as the increasing need for cheap healthcare services. The primary drivers of the global home healthcare market are the growing demand for testing, monitoring, mobility care products, therapeutic products, as well as screening products, and among all these it is the need for products that are taken into use for testing for diagnosis of illnesses that are on the higher side.

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Regions covered – North America (US & Canada), Europe (UK, Germany, France, Spain, Italy, Russia, BENELUX and Rest of Europe), Latin America (Brazil, Mexico, and  Rest of LA), East Asia (China, Japan and South Korea) South Asia (India, Indonesia, Malaysia, Thailand and Rest of South Asia), Oceania (Australia  and New Zealand) and MEA (GCC, South Africa, Turkey, Northern Africa and Rest of MEA)

The major players in the market include:

• Coloplast A/S
• Braun Melsungen AG
• Baxter International Inc
• Hollister Incorporated
• Becton Dickinson and Co
• ConvaTec Group Plc
• Medtronic plc..

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Market segmentation

• Product:
• Infusion Systems
  • Ambulatory Infusion Pumps
    • Disposable Ambulatory Infusion Pumps
    • Reusable Ambulatory Infusion Pumps
  • Implantable Infusion Pumps
  • Infusion Disposable Sets
  • Syringe Pumps
    • PCA Syringe Pumps
    • Standard Syringe Pumps
  • Volumetric Pumps
• Pressure Relief Devices
  • Mattress Overlays
    • Dynamic Mattress Overlays
    • Static Mattress Overlays
  • Mattresses
    • Dynamic Mattresses
    • Static Mattresses
  • Specialty Beds
• Hydrocolloids Dressings
  • Antimicrobial Hydrocolloid Dressings
  • Non Antimicrobial Hydrocolloid Dressing
• Hydrofibres Dressings
  • Antimicrobial Hydrofibre Dressings
  • Non Antimicrobial Hydrofibre Dressings
• Hydrogels Dressings
  • Antimicrobial Hydrogel Dressings
  • Non Antimicrobial Hydrogel Dressings

Application:

• Total Parenteral Nutrition (TPN)
• IV Medication
• Pressure Ulcers
• Stoma Care

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Explore wide-ranging Coverage of FMI’s Healthcare Market Insights Landscape:

Medical Chairs Market

Healthcare Biometrics Market

Replacement Sheets Market

Point-of-care Molecular Diagnostics Market

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:

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

LinkedIn| Twitter| Blogs