Industrial Degreaser Market to Display Impressive Growth of 5.5% with Rising Demand

In 2032, it is anticipated that the Industrial Degreaser market share will be worth US$ 14,817.6 Mn. During the anticipated period, market growth is anticipated to be supported by the rising demand for a variety of End Use Industries, including automotive, aviation, electrical, energy & power, and others. The Industrial Degreaser Market, according to FMI, is anticipated to reach US$ 8,674.7 Mn in 2022 and is expected to grow at a CAGR of 5.5% from 2022 to 2032.

Degreaser is a cleaning compound that removes water insoluble substances from hard surfaces. Industrial degreasers are generally used to remove grease, oil or similar materials from machine parts, tools, hard surface, etc. They protect machines from getting damaged by removing contaminants and undesired materials from machine parts.

There are two types of industrial degreaser – water-based and solvent-based degreaser compounds. Water-based degreasers are possess better characteristic properties as compared to solvent based degreasers.

For instance, they are non-flammable, contain less number of chemical additives and are cheap and non-reactive towards working surfaces. Solvent-based degreasers are made from natural oils or petroleum and possess high di-electric strength and perform better than water-based degreasers.

However, they are hazardous to users. Rapid Industrialization, growth of power utility units, growing automobile production and sales are some of the factors that will bring about the growth of the industrial degreasers market around the globe.

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Global Industrial Degreaser Market Dynamics

Degreasers make an indispensable component of the maintenance process of machines as they prevent machines from getting damaged by removing contaminants as well as other undesirable depositions from machine parts.

Also, high efficiency industrial degreasers result in minimization of manpower requirement and maintenance. This is precisely why the demand for high efficiency industrial degreasers is increasing form end use industries and the trend is likely to continue over the coming years.

However, strict regulations laid down by various organizations such as EPA, REACH, etc. might hamper the growth of the industrial degreaser market in near future. Manufacturers are focusing on the development of new products such as bio-based industrial degreasers to comply with the aforementioned regulations and to support the sustainable development agenda of organizations.

This, in turn, is expected to create opportunities for the growth of industrial degreaser market.

Global Industrial Degreaser Market: Regional outlook

The North American market share in the said market is anticipated to dominate in the upcoming years as consumers, in particular, the industrial workers, are exhibiting higher preference towards using these products in their day to day activities. North America Industrial degreaser market is expected to register healthy growth over the forecast period.

Similarly, the European region, particularly the western part of the region, is also expected to grow at a steady pace owing to the growing number of large manufacturing units being set up in many countries of the region.

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Low awareness and general lack of attention towards hygiene displayed by industrial workers in the Asia Pacific region might hamper the growth of the industrial degreasers market in years to come. However, some relief may be provided by the manufacturing sector in the region.

With the rapidly growing manufacturing sector in developing countries such as China and India, the Industrial degreaser market is also anticipated to grow and register a healthy CAGR over the forecast period.

Lastly, the slow growth of the industrial sector in the Middle East and Africa region will affect the industrial degreaser market is a negative way. This region is anticipated to register sluggish growth in the Industrial degreaser market over the forecast period.

Global Industrial Degreaser Market Players

Examples of some market participants in the Global Industrial Degreaser market, identified across the value chain, include Carroll Company, Nyco Products Company, Elevance Renewable Sciences, Inc., Baron-Blakeslee Sfc Inc., Stepan Company, NGCT Cleansys Pvt. Ltd., ABRO Industries, Inc., BG Products, Inc., Auto Industrial Marine Chemicals, Inc., 3M Company, BASF SE, The Dow Chemical Company, Radiator Specialty Company, Cox Industries, CRC Industries and others.

Global Industrial Degreaser Market Segmentation

On the basis of type, the global Industrial degreaser market is segmented into:

  • Water-based
  • Solvent-based

On the basis of grade, the global industrial degreaser market is segmented into:

  • Synthetic
  • Bio-based

On the basis of end use industries, the global Industrial degreaser market is segmented into:

  • Automotive
  • Aviation
  • Electrical
  • Chemical & pharmaceuticals
  • Energy & power
  • Paint
  • Marine
  • Others

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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 geographies, application, and industry.

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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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Pharmaceutical Filtration Market is Expected to reach a valuation of US$ 41.0 Bn by 2032 at a CAGR of 8.7%

The global pharmaceutical filtration market was anticipated to create lucrative growth opportunities over the projection period by exhibiting a phenomenal CAGR of 8.7% from 2022 to 2032. The global market is expected to enjoy a valuation of US$ 17.8 Bn by the end of 2022 and reach a valuation of US$ 41.0 Bn by 2032. According to a recent study, the membrane filters segment by product is leading the market with a share of about 33.3% in 2021.

Optimized systems are vital to increasing the efficiency of the overall clarifying process. By dispersing particle loading throughout several phases, the overall efficiency and capacity of the process are improved. The microfiltration filters provide the clearest products because they function as a positive size exclusion barrier for particles larger than the membrane’s pore size.

The market value for pharmaceutical filtration was approximately 17.1% of the overall ~US$ 97.3 Bn global filtration & separation market in 2021. The sales of pharmaceutical filters expanded at a CAGR of 7.2% from 2017 to 2021, owing to their increasing applications in the industrial biotechnology sector.

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The pharmaceutical filtration process is known as a physical separation method, which comprises the ability to distinguish independent molecules of various sizes and characteristics. There are different types of materials utilized in order to build membranes. They are frequently referred to as thin-film composite membranes when used in reverse osmosis (RO). Based on the size of the material they are required to separate from the feed liquid, these filters are divided into, ultrafiltration, nanofiltration, microfiltration, and others.

The filtration process is known as a vital part of the biopharmaceutical manufacturing process and production. The clarifying process influences yield, product uniformity, and reproducibility. Microfiltration is an important and widely used method for removing entire cells, cell debris, and colloids from mammalian and bacterial fermentation broths. Furthermore, large molecule biopharmaceuticals have gained prominence over recent years attributed to their impressive medical potential. Membrane separation is known as an important technique in biopharmaceutical manufacturing and will help the growth of membrane separation product manufacturers.

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Key Takeaways

  • The surging growth of the pharmaceutical filtration market is attributed to the rising research and development activities by key market players over the projection period. This factor ranks among the top indicators used by biopharmaceutical companies to identify and develop novel drugs and medical interventions.
  • According to the reports by an annual survey of members of PhMRA (a powerful industry lobbying group), biopharmaceutical companies reported spending around US$ 83.0 Billion on R&D in 2019. Investments in biopharmaceutical innovation are driving contributions to the economies of various countries. The biopharmaceutical industry supports 4.7 million Jobs across the US, and over 800,000 employees are working daily to create new treatments and cures for patients.
  • Furthermore, manufacturers are rapidly developing microfiltration units that comprise large filter cartridges despite the amalgamation of several small filtration units. The system would occupy a smaller area. This would reduce the number of connections with the filtration system and lower the maintenance cost.
  • High demand persists for mechanically strong members that are able to efficiently tolerate chemical cleanings and still comprise good selectivity and permeability. Multidisciplinary improvements have resulted in the production of polymeric, inorganic, composite, and biomimetic membranes. During the foreseeable years, these factors are expected to provide lucrative growth opportunities in the pharmaceutical filtration market.

Competitive Landscape

According to Future Market Insights, the overall pharmaceutical filtration market is highly fragmented with several competitors within the production sphere. In order to meet consumer demand and expand their customer base, these companies are implementing methods such as mergers and acquisitions, partnerships and collaborations, and new product launches.

More Insights into the Pharmaceutical Filtration Market

The U.S. is expected to dominate the global pharmaceutical filtration market as it accounted for a 21.9% share of the global market in 2021. The growth of the U.S. market is attributed to the presence of large and leading pharmaceutical companies in the area. Furthermore, with R&D and other production activities on the rise, the pharmaceutical sector undergoes rigorous overlooking from regulatory bodies governing the quality of pharmaceuticals produced. These factors promote the market for pharmaceutical filtration in the U.S.

Key Market Segments Covered in Pharmaceutical Filtration Industry Research

  • By Product:
    Membrane Filters
    Prefilters and Depth Media Filters
    Single-use Systems
    Cartridge & Capsule Filters
    Filter Holders
    Filtration Accessories
    Other Products
  • By Scale of Operation:
    Manufacturing Scale
    Pilot Scale
    R&D Scale Application
    Final Product Processing
    Raw Material Filtration
    Cell Separation
    Water Purification
    Air Purification
  • By End User:
    Microfiltration
    Ultrafiltration
    Nanofiltration
    Other techniques

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Lead Zirconate Titanate (PZT) Market is projected to reach US$ 765.52 million by 2032

By 2032, the Lead Zirconate Titanate (PZT) market is anticipated to grow at a fast CAGR of 8%, reaching US$ 765.52 million. The market will be worth US$354.5 million in 2022. Lead zirconate titanate often referred to as PZT is one of the most widely used piezoelectric ceramic materials in the world. PZT is an intermetallic inorganic compound which is insoluble in all the solvents.

Lead zirconate titanate shows piezoelectric effect (ability to produce electric charge in response to mechanical stress applied). It is used across a wide range of applications in the field of electroceramics. Lead zirconate titanate is of two types viz. hard lead zirconate titanate and soft lead zirconate titanate.

The hard lead zirconate titanate also known as high power ceramics can withstand high mechanical stress as well as high electrical voltage. They are used when high voltage energy is required. However, the soft lead zirconate titanate is used when high charge sensitivity is important. The lead zirconate titanate materials are used to produce high voltage, production and detection of sound as well as electronic frequency generation.

The study on lead free piezoelectric materials can restrain growth of global lead zirconate titanate market. But the alternatives can also be toxic.  However, the global lead zirconate titanate market is anticipated to witness a moderate single digit growth in the forecast period.

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Lead Zirconate Titanate (PZT) Market: Drivers and restraints

The growing automotive industry is expected to be a major demand driving factor for the global lead zirconate titanate market in the forecast period. The use of lead zirconate titanate in sensors is anticipated to rise the global lead zirconate titanate market.

Also, the growing medical sector is projected to increase the demand for lead zirconate titanate, thus boosting the global lead zirconate titanate market in the upcoming years. The growth of global lead zirconate titanate market can be restrained by the use of alternatives with similar properties as that of PZT, as lead zirconate titanate contains more than 50% of lead. Growing concerns about the toxicity of lead is anticipated to decrease the rise of global lead zirconate titanate market.

Research and development of lead free piezoelectric materials can decline the growth of global lead zirconate titanate market in the upcoming years. However, the global lead zirconate titanate market is anticipated to witness growth unless the regulatory agencies forces the manufacturers to use alternatives.

Lead Zirconate Titanate (PZT) Market: Region – wise outlook

The global lead zirconate titanate market can be broadly segmented on the basis of geography as North America, Latin America, Middle East and Africa, Western Europe, Eastern Europe, Japan and Asia Pacific. North America and

Asia Pacific is together expected to contribute maximum share in the global lead zirconate titanate market. Asia Pacific is expected to witness higher growth rate in the global lead zirconate titanate market in the forecast period. India and China are expected to be the fastest growing countries as they are witnessing massive growth in the automotive industry.

Lead Zirconate Titanate (PZT) Market: Major Key players

Some of the key players identified in the global lead zirconate titanate market are

  • Morgan Advanced Materials plc
  • PI Ceramic GmbH
  • APC International, Ltd.
  • Sparkler Ceramics Pvt. Ltd.
  • Piezo Kinetics, Inc.
  • Exelis
  • TRS Technologies, Inc.
  • Mitsubishi Materials Corporation
  • EBL Products Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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Lead Zirconate Titanate (PZT) Market: Segmentation

The global lead zirconate titanate market is broadly segmented based on types as

  • Hard lead zirconate titanate
  • Soft lead zirconate titanate

The global lead zirconate titanate market is also segmented on the basis of end use industries as

  • Automotive
  • Medical
  • Chemical
  • Electrical

The global lead zirconate titanate market is again classified on the basis of applications as

  • Sensors
  • Transducers
  • Filters
  • Actuators
  • Sonar
  • Others (buzzers, spark generators, etc.)

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Proteomics Market size to reach around US$ 109.4 Bn by the end of 2032, CAGR of 13.5% | FMI

In 2022, the global proteomics market size was estimated to be around US$ 30.8 Billion. Proteomics demand is anticipated to reach US$ 109.4 Billion by the end of 2032, growing at a strong CAGR of 13.5% between 2022 and 2032.

The proteomics market has grown substantially at a healthy CAGR due to growing need for personalized medicine and rising funds for proteomics research. With rapid technological advancement and innovation, proteomics market is expected to grow globally. North America is the largest market for proteomics market and Asia Pacific would be the fastest growing market in the forecast period.

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Proteome is an entire set of proteins which is produced by a system or an organism. It can vary with different time, requirements, stresses, that an organism goes through. Proteomic is a systematic study of proteins on a broader way. Since proteins are the functional units of cells, hence proteomic answers all the questions related to it.

Proteomics research can be enhanced by advances in mass spectrometry and protein and DNA sequence database. Proteomics requires various instruments, equipment’s, reagents, media and software’s for protein identification, quantification and identification of the interaction between proteins.

Proteomics Market: Drivers & Restraints

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

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

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Proteomics Market: Regional Outlook

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

Proteomics Market: Top Players

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

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

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Proteomics Market: Key Segmentation

By Equipment :

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

By Services:

  • Laboratory Service
  • Data Analysis and Services

By Application:

  • Drug discovery
  • Clinical Diagnosis
  • Others

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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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Synthetic Biology Market will reach a value of US$ 138.8 Bn by 2032 at a CAGR of 24.3% | Future Market Insights

The global synthetic biology market is expected to be worth US$ 15.8 billion by the end of 2022, and to grow at a CAGR of 24.3% to be worth US$ 138.8 billion by 2032. According to a recent study by Future Market Insights, the oligonucleotides segment by product will lead the market with a share of approximately 43.6% in 2021.

The synthetic biology market is a technology that is currently in high demand in the biotechnology, chemical, and biofuel industries, and their products will soon outnumber those of other industries. There is progress toward making this technology useful in therapeutic areas where society can benefit directly.

The success of synthetic biology in DNA sequencing and synthetic microbes in vaccines, as well as faster and more efficient modular DNA assembly methods, has proven to be a promising market, prompting pharmaceutical and healthcare companies to make significant investments.

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Synthetic Biology is one of humanity’s breakthrough technologies derived from chemistry, biology, computer science, and engineering, which has changed the approach to therapeutics. Its applications range from biofuels to industrial enzymes, vaccine and antibody production, bio-based chemicals, and synthetic biology life science research.

Traditional medicines are being phased out in favour of genetically modified products, DNA sequencing, and DNA synthesis technologies. Though this market has potential, there are risks and hindrances such as government regulations and policies, biosafety and biosecurity issues, and bio-war, but these issues are being addressed by regulatory bodies and research institutions.

With advanced computing and design systems, the synthetic biology market has changed the entire approach to traditional methods of combating newer diseases and genetic challenges.

Synthetic Biology Market: Regional Outlook

Depending on geographic regions, global radiofrequency ablation system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

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Europe is a leading market followed by North America, Europe has invested in developing synthesis of biologically based or biologically inspired systems.

In North America Defense is a major contributor in the investment done in the past years. In Asia, India and China are said to progress in developments over future to be a part of the Synthetic biology market.

The success of this market will depend upon the conversion from basic research to applications which will rise the future opportunities to understand the natural biological systems. Thus the market for synthetic biology is showing no sign for slowing down but managing the future social, ethical and legal responsibilities will lead to innovation.

Synthetic Biology Market: Top Players

The major key players in the synthetic biology market are: Thermo Fisher Scientific Inc., Agilent Technologies, GEN9, Sigma-Aldrich Co. LLC., Amyris Biotechnologies, Epoch Life Science Inc., Gevo Inc., Intrexon Corporation, Sangamo Biosciences and Gingko Bioworks.

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.

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Synthetic Biology Market: Key Segmentation

By product:

  • Core Products.
  • Synthetic DNA
  • Synthetic Genes
  • Synthetic cells
  • DNA & RNA Purification Kits
  • Recombinant Proteins

By technology:

  • Mutagenesis
  • DNA sequencing
  • Genome engineering

By applications:

  • Pharmaceutical Companies
  • Research Organizations
  • Chemical Industries
  • Universities

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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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Teeth Whitening Market is expected to reach US$ 10.7 Bn by the year 2032 end – FMI

As per Future Market Insights’ latest revised industry analysis, the global teeth whitening market was valued at around US$ 6.4 Bn in 2021, and is expected to expand at a CAGR of 4.9% over the forecast period (2022-2032).

Cosmetic dentistry, which includes procedures like tooth replacement, space closure, contouring, and whitening, attracts a lot of interest. Smoking, consuming particular foods, and frequently consuming tea, coffee, and other liquids all cause teeth to become discoloured over time.

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Patients have more options now that allow them to have healthy, naturally white teeth due to advancements in cosmetic dentistry. Because it is both affordable and effective, tooth whitening has become one of the most used cosmetic dentistry procedure globally. These elements have contributed to the expansion of the global teeth whitening market.

About 47.2% of Americans over 30 in the U.S. have periodontal disease, according to the CDC. Additionally, increasing number of dental aesthetic operations has led to the development of new technology in cosmetic dentistry, and the established healthcare infrastructure is substantially supporting market expansion on a global level.

Due to this there are now more licences and permits available on the market for teeth whitening products, which has increased the variety of products available. Enterprises in the market are focusing on obtaining regulatory approvals in order to advance the sector and offer items that adhere to rules.

Thus, the market for teeth whitening will expand due to the growing usage of these products.

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Key Takeaways from Market Study

  • The teeth whitening devices segment accounted for around 0% share of total teeth whitening market in 2021, owing to a rise in the awareness for oral hygiene as well as education of people regarding treatment of periodontal diseases through these devices.
  • The retail sales segment dominates the teeth whitening market with about 0% share in 2021, owed to the increasing need for teeth whitening products.
  • North America accounts for the highest share of 4% of the global teeth whitening market share in 2021, due to the increased incidence of oral cancer cases, increasing influence of social media, and increase in the number of product approvals in this region.
  • Europe is slated to be the second largest region for teeth whitening market, holding a market share of around 2% in the global market, in 2021, owed to the presence of a high number of independent dental practices.

“Increasing incidence of periodontitis and associated diseases, and increasing number of approvals by the regulatory bodies for teeth, are factors set to boost the market over the forecast period,” says an analyst of Future Market Insights.

Market Competition

In order to diversify their product offerings and increase their geographical presence, leading industry participants in the teeth whitening market are concentrating on the development, introduction, and approval of innovative products.

  • American Orthodontics and Ultradent Goods, Inc. established a partnership on February 8, 2021, in which American Orthodontics would exclusively distribute Ultradent’s Opal Orthodontics branded products to orthodontists in the United States.
  • Repair and Protect with Deep Repair toothpaste was introduced by GSK Consumer Healthcare in September 2021 to provide a minty and whitening toothpaste for people who have dentine hypersensitivity.

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Teeth Whitening Market by Category

By Product:

  • Teeth Whitening Gels & Strips
    • Carbamide Peroxide with Potassium Nitrate and Fluoride
    • Carbamide Peroxide
    • Hydrogen Peroxide
  • Teeth Whitening Devices
    • LED Lights
      • Corded LED Lights
      • Cordless LED Lights
    • UV Lights
    • Halogen Lights
  • Oral Care Products
  • Others

By Distribution Channel:

  • Institutional Sales
    • Dental Hospitals
    • Dental Clinics
    • Group Dental Practice
  • Retail Sales
    • Retail Pharmacies
    • Drug Stores
    • Hypermarket and Supermarket
    • Online Sales

By Region:

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

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Radiopharmaceuticals Market to cross US$ 6.2 Bn by 2022, Says Future Market Insights

The global radiopharmaceuticals market stands at US$ 6.2 Bn as of now and is expected to reach US$ 9.5 Bn by the year 2032 at a CAGR of 4.3% between 2022 and 2032.

Radiopharmaceuticals imply medications containing radioisotopes that could be used as both – therapeutic agents and diagnosis medications. Radiopharmaceuticals manage critical as well as chronic diseases. These days, various diagnostics are aimed towards organs with nuclear medicine radiopharmaceuticals.

PET and SPECT techniques are used in abundance while deploying radiopharmaceuticals. Some of the distinct features of radiopharmaceuticals include non-invasiveness, cost-effectiveness, easy of diagnosis, and higher sensitivity. Clinical applications include cardiology, oncology, lymphoma, and tumor.

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Growing awareness regarding positive results provided by radiopharmaceuticals in checking chronic illness is one of the catalysts to radiopharmaceuticals market.

On the other hand, the fact that radiopharmaceuticals have half-life could restrain the market. It’s a known fact that radiopharmaceuticals involve higher investment. Short expectancy or half-life is one of the crucial factors restricting demand for radiopharmaceuticals. Thus, it’s only the developed regions who are able to increasingly adopt radiopharmaceuticals as of now. The developing economies still need to incorporate the technology to the fullest. Future Market Insights has walked through these functionalities with future prospects in its latest market study entitled ‘Radiopharmaceuticals Market’.

Key Takeaways from Radiopharmaceuticals Market

  • North America dominates the radiopharmaceuticals market due to rising frequency of cardiovascular diseases and cancer and the scenario is expected to persist even in the forecast period. Adopting innovative radioisotope production methods for treating chronic disorders is another reason.
  • Europe, led by the UK, is also expected to hold a significant market share due to the UK being subject to maximum incidences of cancer. Cancer Research UK estimate says that the UK alone houses 367,167 cancer patients.
  • The Asia-Pacific is poised to grow blatantly in the forecast period with it witnessing new product launches, collaborations, distribution agreements, acquisitions in an aplomb.

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“The fact that radiopharmaceuticals are broadly used as biomarkers in molecular imaging is expected to take the radiopharmaceuticals market by storm in the upcoming period”, says an analyst from Future Market Insights.

Competitive Landscape

  • GE Healthcare inked an agreement with NorthStar Medical Radioisotopes, LLC for producing and distributing iodine-123 (I-123) capsules all across the US.
  • Bracco Diagnostics Inc., in March 2021, entered into partnership with CardioNavix, LLC for enhancing patients’ access to cardiac PET imaging. The new program is termed as ‘Bracco Mobile Isotope Service’, which ought to facilitate better patient care sites for providing cardiac PET imaging.
  • Jubilant Radiopharma, in August 2020, signed a MoU (Memorandum of Understanding) with Navidea Biopharmaceuticals, which focuses on an ELDA (Exclusive License and Distribution Agreement) for the latter’s diagnostic imaging agent called ‘Tilmanocept (technetium Tc 99m tilmanocept injection) in LATAM, Mexico, Canada, and the US.
  • Bayer AG, in June 2021, announced that it would acquire Noria Therapeutics Inc. along with PSMA Therapeutics Inc. with the objective of widening the former’s oncology portfolio that is into existence.
  • Norgine B.V., in March 2020, completed the acquisition of Azanta A/S, a specialty biopharmaceutical company. This included Nimorazole, a hypoxic radiosensitizer to treat cancer, and Angusta to facilitate labor induction.
  • Curium, in the year 2019, completed acquisition of MAP Medical, which would actually help it in strengthening the footprint all over the Europe with access to Baltic and Nordic countries.
  • The US FDA, in December 2020, completed approval of Gallium 68 PSMA-11 (Ga 68 PSMA-11). It holds the distinction of being the very first drug for PET imaging for diagnosing prostate cancer.

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Key Companies Profiled:

  • Siemens AG
  • Positron Corporation
  • Novartis (Advanced Accelerator Applications)
  • Curium
  • GE Healthcare
  • Lantheus Holdings Inc.
  • Sotera Health LLC (Nordion Inc.)
  • Bayer AG
  • Eckert & Ziegler

Key Segments Covered in the Radiopharmaceuticals Industry Analysis

Radiopharmaceuticals Market by Radioisotope Type:

  • Technetium-99
  • Fluorine-18
  • Iodine-131
  • Leutetium-177
  • Yttrium-90
  • Gallium-68
  • Gallium-67
  • Rubidium-82
  • Iodine-123
  • Iodine-125
  • Indium-111
  • Others

Radiopharmaceuticals Market by Application:

  • Oncology
  • Cardiology
  • Gastroenterology
  • Neuroendocrinology
  • Neurology
  • Nephrology
  • Others

Radiopharmaceuticals Market by Source:

  • Cyclotrons
  • Nuclear Reactors

Radiopharmaceuticals Market by End User:

  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Surgical Centers
  • Cancer Research Institute

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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 10-years.

Contact:

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Point-Of-Care Breathalyzer Market demand is projected to be valued at US$ 385.7 Million in 2022 | Future Market Insights

Global point-of-care breathalyzer market demand is expected to reach US$ 385.7 million in 2022, rising at a CAGR of 5.5% to US$ 658.9 million between 2022 and 2032.

Breathalyzer is a non-invasive medical device used for estimation of Blood Alcohol content (BAC) from breath sample. Breathalyzer is used to test intoxication levels caused by alcohol and drugs. Breathalyzer was invented by Dr. Robert Borkenstein while being appointed as police photographer at Indiana State Police lab.

Since 1954, Breathalyzer is a genericized trademark for many instruments like Alcotest, Alcosensor, Datamaster, Intoxilyzer and Intoximeter. Breathalyzer device consists of three parts, first part consists of system where breath is sampled, second part consists of two glass tubes with chemicals and third part consists of photocells that are connected to meter showing colour change.

Breathalyzer system together works on redox reaction causes change in colour that is directly proportional to amount of alcohol in breath, wherein red-orange colour of dichromate ion changes to green.

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Breathalyzer has been of importance in point-of-care services where initially it was necessary to draw blood out of the body and sent to the hospital to test alcohol concentration in blood, thus making the test time consuming. Till date it has been most important device to monitor and regulate drink and drive accidents or cases.

In 2015 in US, there were about 290,000 people injured and about 10,265 died in drunk driving cases. Also there have been published reports on loss of work quality and time due to alcohol consumption. All over the world it is a legal offense to be detected of alcohol during working hours and while driving.

The driver is charged fine or respective legal action is taken against him if his Blood Alcohol Concentration (BAC) is found out to be above normal (0.08). Also strict actions are taken against employees in government or private sectors if they are detected of alcohol consumption during office hours.

Due to use of Breathalyzer there is no need of any invasive procedure, device is portable and test results are out in seconds. Another important use of Breathalyzer is in maintaining high order discipline in National and International air transport to maintain safety and standards while travelling.

Breathalyzer is of very significant use to prevent order and discipline in government or private offices, road traffic management and forensic studies too. It is also used for management in rehabilitation centres, mining and construction centres.

Point-of-Care Breathalyzer Market: Drivers and Restraints

Point-of-care Breathalyzer market has seen enormous growth due to its significant use to maintain safety, order and discipline amongst population. The major drivers for point-of-care Breathalyzer market is alarming increase in alcohol consumption seen at all age groups and also increase in road accidents due to drink driving.

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Due to strict government regulations, drink driving and alcohol abuse during work hours has led to increase in demand for modern use portable Breathalyzer. Use of personal portable Breathalyzer to check for alcohol content within normal limits to keep a check on safe driving and productive working hours has given a drive for point-of-care Breathalyzer market worldwide.

Moreover easy availability of personal Breathalyzer that can be ordered online according to ones choice, has also been a factor to drive point-of-care Breathalyzer market. Awareness initiative taken by government has also led to increase of market size for point-of-care Breathalyzer market.

High cost of Breathalyzer and less market for new brands producing Breathalyzer were seen to hamper in the past for but modern portable cheap Breathalyzer are taking over the point-of-care Breathalyzer market  now.

Point-of-Care Breathalyzer Market: Overview

According to a study report published in South Africa about 10% of the country’s GDP is lost due to alcohol abuse annually which is equal to R240 billion. Also worldwide there is much loss due to alcohol abuse leading to immense destruction in drunk driving accidents, expensive alcohol abuse treatment and loss of manpower and productive working hours brings an overall effect on worldwide economy.

Thus awareness due to such losses have led government to take strict measures in field of law enforcement and highway safety administration to bring down losses. Efficient use of point-of-care Breathalyzer to prevent such loss has proved beneficial and made people aware of its legal consequences being the reason for increasing market for of point-of-care Breathalyzer market.

Mandatory alcohol test are carried out worldwide in workplaces such as transport, construction sites mining, shipping, airlines, defense centres, rehabilitation centres to maintain safety of individuals increasing market size for point-of-care Breathalyzer market over globe.

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Point-of-Care Breathalyzer Market: Regional Overview

Region wise, the point-of-care breathalyzer market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. Use of personal Breathalyzer, intelligent market networking and advances in technology has led to growth of global market for point-of-care Breathalyzer.

Highest growth in point-of-care Breathalyzer market is seen in North America due to highest population, increase in drunk driving road accidents and strict law enforcement on alcohol. Developed countries like Europe have seen to have highest market for point-of-care Breathalyzer market due to leading manufacturers of point-of-care Breathalyzers, high income population purchasing personal Breathalyzer being alert and aware of legal actions in case of alcohol abuse.

More alcohol consumption, increase in transport and transport facilities, development of transport system, national and international awareness programs, improvement in market network and strict rules and regulations and variety in affordable Breathalyzer brands has led to increasing market in developing countries like India and China.

Underdeveloped countries have scope for increase in market size of point-of-care Breathalyzer market if awareness is brought amongst population.

Point-of-Care Breathalyzer Market: Key Players

Some of the key players in point-of-care Breathalyzer market include Drägerwerk AG & Co. KGaA, Intoximeters,Lion Laboratories Limited, Lifeloc Technologies, Inc., Inc., , BACtrack, Quest Products, Inc., Alere, Inc., and C4 Development, Andatech Private Limited Ltd. Most of the providers of point-of-care breathalyzer are adopting the strategy of providing these products through e-commerce, so that buyers can browse the products according to their needs.

Point-of-Care Breathalyzer Market: Segmentation

The global point-of-care breathalyzer market is classified on the basis of product type, product technology, end user and geography.

Based on product type, the point-of-care breathalyzer market is segmented into the following:

  • Non-portable.

Based on product technology, the point-of-care breathalyzer market is segmented into the following:

  • Chemical reaction (Breathalyzer).
  • Fuel-cell technology (Alcosensor III or IV).
  • Infrared Spectroscopy (Intoxilyzer).

Based on end user, the point-of-care breathalyzer market is segmented into the following:

  • International and National transport systems.
  • Rehabilitation centres.
  • Government and private offices.
  • Diagnostic centers.
  • Home care settings.

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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 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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Aromatherapy Market to Exhibit Opulent CAGR of 8.1% From 2022 to 2032 | FMI

The global aromatherapy market is predicted to grow with a positive outlook by exhibiting growth at a CAGR of 8.1% over the projection period from 2022 to 2032. The global market is expected to be valued at around US$ 5.9 Billion in 2022 with a total estimation of around US$ 12.9 Billion by 2032.

Aromatherapy is used for a variety of health-related advantages which is one of the predominant reasons to drive the industry growth over the assessment period.  According to the historical analysis by Future Market Insights, the global aromatherapy market witnessed a significant surge at a registered CAGR of 6.5% from 2016 to 2021.

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Aromatherapy is known as a holistic therapeutic alternative or a supplementary treatment that uses aromatic ingredients such as essential oils derived from plants. Aromatherapy is known as a medication with essential oils which helps in boosting the health of the body, mind, and spirit. It improves both physical and mental well-being.

The aromatherapy sector is anticipated to predicted to surge immensely in the future attributed to its wide array of uses and low side effects. As more people become aware of the benefits of essential oils, the market will grow, particularly among patients suffering from skin disorders and acne.

Consumer choice for aromatherapy was immensely influenced by the Covid-19 pandemic. Due to surging scientific evidence supporting the numerous benefits bestowed by aromatherapy and topical essential oil therapies for pain relief in disorders such as dysmenorrhea, the market is expected to exhibit significant growth traction in the anticipated years.

There are several hospital-based aromatherapy programs rapidly being built in developed nations, which is another major driver projected to support aromatherapy market expansion.

Key Takeaways

  • Several wellness professionals including spa therapists, aroma therapists, massage therapists, and gym trainers, prefer single and blended essential oils for the treatment of insomnia, anxiety, pain, agitation, stress, and other conditions because essential oils provide the desired therapeutic effects with minimal or no side effects. This is due to the fact that these treatments may be conducted without the use of medicines.
  • One of the crucial driving factors propelling the growth of the global aromatherapy industry is known to be its strong distribution network. Various essential oil markers are working on negotiating distribution arrangements with large retail corporations to make their goods available, which will result in greater penetration of aromatherapy treatments and products.
  • Aromatherapies are rapidly being preferred these days attributing their properties for relaxation is likely to contribute to the aromatherapy market’s revenue development. The development of inhalation aromatherapy for the treatment of sleep issues such as insomnia is significant market advancement.

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Competitive Landscape

Dominant aromatherapy product manufacturers are employing multi-level marketing tactics in order to enhance product distribution and they are also considering hiring a large number of independent distributors. This has resulted in increased accessibility and affordability of aromatherapy goods are likely to stimulate global demand for essential oils and aromatherapy diffuser products.

An extensive marketing network of distributors is expected to benefit both global and local market participants. In addition to that, firms are providing their aromatherapy goods online, which are projected to assist the aromatherapy market’s growth.

Key Companies Profiled

  • doTERRA
  • International Flavors & Fragrances Inc.
  • Symrise
  • Edens Garden
  • Young Living Essential Oils
  • Rocky Mountain Oil
  • Mountain Rose Herbs
  • Plant Therapy Inc.
  • Thann-Oryza Co. Ltd.
  • Isagenix International LLC

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Key Segments Covered in the Aromatherapy Industry Analysis

Aromatherapy Market by Product:

  • Aromatherapy Consumables
    • Essential Oils
      • Floral
      • Citrus
      • Herbaceous
      • Spicy
      • Woodsy
      • Earthy
      • Camphorous
      • Others
    • Blended Oils
    • Carrier Oils
  • Aromatherapy Equipment
    • Nebulizing Diffusers
    • Ultrasonic Diffusers
    • Evaporative Diffusers
    • Heat Diffusers

Aromatherapy Market by Application:

  • Relaxation
  • Insomnia
  • Pain Management
  • Scar Management
  • Skin & Hair Care
  • Cold & Cough
  • Others

Aromatherapy Market by Mode of Delivery:

  • Topical Application
  • Direct Inhalation
  • Aerial Diffusion

Aromatherapy Market by Distribution Channel:

  • Aromatherapy Products Sold at Retail Shops
  • Aromatherapy Products Sold through Online Channels
  • Direct Distribution of Aromatherapy Products

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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 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
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Sphingolipids Market to reach an estimated valuation of around US$ 991.8 Mn by the end of 2032 | FMI

As per Future Market Insights’ latest industry analysis, the valuation for the global sphingolipids market was around US$ 564.0 Mn in 2021 and is projected to exhibit a CAGR growth of close to 5.1% over the forecast period, with an estimated valuation of US$ 991.8 Mn in 2032.

The global market for sphingolipid products is expanding rapidly as a result of rapid molecular and biological customization in the sphingolipid components/ formulations and the increasing prevalence of cardiovascular diseases worldwide coupled with an elderly population.  During the forecast period, the market is anticipated to be driven by an increase in the use of natural, synthetic, and semi-synthetic sphingolipids and monomers in the creation of various pharmaceutical formulations.

As the sphingolipids market is not reaching its potential as per the asked demand, due to unexplored benefits of sphingolipids in the healthcare sector, and the side effects of the consumption of sphingolipids inappropriately, the companies are introducing novel sphingolipids components/formulations with minimal side effects at reasonable costs.

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This factor might significantly improve the adoption and consumption of pharmaceutical sphingolipids. The rising product launches and approvals are expected to contribute to the market growth over the forecast period too.

Key Takeaways from Market Study

  • Sphingomyelin is the leading segment as a product and holds approximately 0% market share in 2021, due to its anti-cancer, bacteriostatic, and cholesterol-lowering characteristics.
  • Synthetic sphingolipids are the leading segment by source, and held about 4% market share in 2021, owing to their potential as therapeutic prospects for treating a range of medical problems.
  • Conventional lipid-based drug delivery systems (LBDDS) is the leading segment in terms of application holding about 9% of the market share, as compared to traditional tablets or powder-filled capsules, as they can improve bioavailability and reduce dissolving rate-limited absorption because of their pharmacological composition in a solubilized condition.
  • Semi-solid form of sphingolipids is the leading form as of 2021, withholding about 3% of the global market share, owing to the property of reduced adverse side effects when a high drug load is applied to the area where the medication is actually required.
  • Pharmaceutical companies are the leading end users of the global market as of 2021, withholding about 5% of the market share, because of increased outsourcing, innovative modalities, and creative patient outreach tactics.
  • By region, North America is leading in the global sphingolipids market and is expected to continue to do so with a projected CAGR of 4% during the forecasted years.

“Rising initiatives to promote health benefits of sphingolipids products, as well as the increasing ongoing research and development in modifying novel sphingolipids formulations is set to propel the market of sphingolipids across the globe,” says an analyst of Future Market Insights.

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Market Competition

Companies are actively working to increase their market share in this industry by forming strategic agreements to diversify their respective service offerings and sphingolipid production capacities.

  • In January 2022, Pfizer and Acuitas Therapeutics reached an agreement on Lipid Nanoparticle Delivery System for mRNA vaccines and therapeutics.
  • June 2022: To support customers’ scientific research, CD Bioparticles, enlarged its lipid system portfolio and introduced a number of Sphingolipids products. With the addition of Phosphosphingolipids, Ceramides, Sphingolipid Metabolism, Sphingosines, Glycosphingolipids, Phytosphingosine, and Sphingomyelin, researchers now have more options to choose from and employ in lipid system applications.

Key Companies Profiled

  • Merck KGaA
  • CordenPharma International
  • Lipoid GmbH
  • LARODAN AB
  • Croda International Plc.
  • Biosynth, Santa Cruz Biotechnology, Inc.
  • Creative Enzymes
  • CD Bioparticles
  • Cayman Chemical Company
  • Biosolve BV

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Key Segments Covered In Sphingolipids Industry Research

By Product:

  • Ceramide
  • Sphingomyelin
  • Glucosylceramide (GlcCer)
  • Lactosylceramide (LacCer)
  • Ganglioside GM3
  • Other

By Source:

  • Synthetic
  • Semi-synthetic
  • Natural

By Application:

  • Conventional Lipid-based Drug Delivery Systems (LBDDS)
  • Self-Emulsifying Drug Delivery Systems (SEDDS)
  • Self-Microemulsifying Drug Delivery Systems (SMEDDS)
  • Liposomes
  • Solid Lipid Nanoparticles
  • Nanostructured Lipid Carriers
  • Others

By Form:

  • Liquid
  • Semi-solid
  • Solid

By End User:

  • Pharmaceutical Companies
  • Biopharmaceutical Companies
  • Academics and Research Institutes
  • Others

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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 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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