Nasal Packing Devices Market Insights on Trends and Growth Forecast by 2032

The Global Nasal Packing Devices Market is expected to reach a market valuation of US$ 182.03 Million by the year 2022, accelerating with a moderate CAGR of 5.1% by 2022-2032. Nasal Packing Devices market size is anticipated to be valued at about US$ 299.35 Million by 2032 end.

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With more people experiencing epistaxis, there has been an increase in the demand for nasal packing devices. According to the International Journal of Otolaryngology, more than 12% of the global population suffered from epistaxis in 2021, with 75% of those affected requiring medical attention.

A common clinical condition, epistaxis is characterized by bleeding from the nostrils, and it is widely believed that hypertension is the primary cause of this condition. The increasing number of people with hypertension is good news for the nasal packing devices industry. Nosebleeds are a common pregnancy symptom due to the increased blood flow caused by the dilation of blood vessels.

The rising prevalence of hypertension among pregnant women is a key factor propelling the nasal packing devices market. The increased prevalence of nasal malignancies is also fueling the demand for nasal packing devices. As a result of complications such mucosal lacerations, which can cause more bleeding, infections, and toxic shock syndrome, nasal packing devices are not as popular as they once were (TSS).

Since this is the case, the adoption of nasal packing devices is anticipated to decrease. The proliferation of nasal packing devices, on the other hand, is being propelled by the constant focus on technology advances and the introduction of new items in this space.

From 2022 to 2032, the Asia-Pacific region is expected to post the highest nasal packing devices market growth rate worldwide. High unmet requirements, a thriving economy, and an overall improvement in healthcare facilities, particularly in developing countries like China and India, are mostly responsible for this expansion. Additionally, the expansion of the market is due to the rising level of public understanding of nasal packing devices and the roles they play.

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Key Takeaways from Market Study

  • North America is the fastest growing region for the nasal packing devices market.
  • The nasal packing devices market is anticipated to reach a valuation of US$ 299.35 Million by 2032.
  • Development of more cutting-edge medical equipment are opening new opportunities in the market.
  • About 55% of the revenue in 2021 came from the non-absorbable nasal packing devices market category.

Competitive Landscape

In order to keep up with the ever-increasing innovation and demand for nasal packing devices, market participants are strongly encouraged to engage heavily in R&D activities and focus their attention there. Increased competition from companies offering innovative features has contributed to the growth of the nasal packing device industry.

During the projected period, the nasal packing devices manufacturing industry is anticipated to grow as a result of new product releases, mergers, and acquisitions.

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In August of 2021, a binding agreement was announced between Medtronic and Intersect ENT, whereby Medtronic would buy all outstanding shares of Intersect ENT for USD 28.25 per share in cash, for a total purchase price of USD 1.1 billion.

Emerging Innovations in the Market

Research and development for new technologies and nasal packaging device innovation are both actively pursued by new market entrants. Smith & Nephew has released a series of nasal packaging devices that use their proprietary RAPID RHINO technology. This technology utilises a carboxymethylcellulose (CMC) blend with self-lubricating properties to apply mild, uniform pressure to the nose, facilitating the quick re-contouring of the nose. The global nasal packaging device market is anticipated to expand on account of similar technical developments and strategic implementations by both rising and established market competitors.

Nasal Packing Devices Market by Segmentation

By Product:

  • Injectable
  • Gel
  • Spray
  • Dressings

By Type:

  • Bio-resorbable
  • Non-absorbable

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

Rib Fracture Repair Systems Market:- The Rib Fracture Repair Systems Market is expected to reach US$ 420.3 million in 2022 and is projected to increase at a CAGR of 5.2% to reach US$ 699.5 million by 2032.

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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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Ophthalmic Diagnostic Equipment Market to Etch New Growth Ratio with Adoption in Developing Economy

The global Ophthalmic Diagnostic Equipment Market is anticipated to showcase an opulent growth opportunity, expanding at a CAGR of 6.7% with a valuation of US$ 3.0 Bn in 2022 to US$ 5.1 Bn by 2030.

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The global ophthalmic diagnostic equipment market contributed more than 5.5% market share to the ophthalmic devices market, which was estimated to account for around USD 55.0 billion in 2021.

The market for ophthalmic diagnostic equipment is expected to surge from H1-2021 to H1-2022(O) by 44 basis point share (BPS), according to an FMI assessment. However, the growth rate comparison of the H1-2022 projected and H1-2022 outlook period showed a reduced growth rate by 10 BPS.

Key Takeaways

  • The number of individuals suffering from serious eye diseases is rising at a global level due to which loss of vision is becoming a major public health problem. As the population has increased, the prevalence of eye diseases has also surged due to the rise in chronic diseases such as diabetes and hypertension have become more common leading to issues like glaucoma or vision impairment.
  • There is an increase in the number of people who are blind or have impaired vision in the upcoming years. With the rising frequency of eye disorders and the resulting increase in disability-adjusted life years (DALYs), demand for precise disease treatment is likely to increase in the future years.
  • Increasing technological advancements in analytical methods help in offering improved quantification and characterization with high-resolution cross-sectional 3D images of the target tissue that is difficult to view using a conventional microscope. Owing to such high-tech equipment, the surge in the ophthalmic diagnostic equipment market can be witnessed.
  • The emergence of advancement in technologies have provided improved quantification and Intraoperative optical coherence tomography (OCT) aids accurate decision-making during eye surgery by providing real-time imaging with simultaneous feedback features.
  • An increase in the demand for optical coherence topography devices has led to a rise in competition among players. As a strategy to reach the larger masses, various players/manufacturers have lowered the costs of their devices, which in turn has led to the adoption of these devices by doctors in emerging economies along with developed countries. This factor is anticipated to drive demand for these devices in emerging economies in near future.

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Competitive Landscape

TOPCON CORPORATION, ZEISS International, Ellex, Quantel Medical, NIDEK CO., LTD., HAAG-STREIT GROUP, Halma plc, Coburn Technologies Inc., Kowa Company Ltd. are some of the key companies profiled in the full version of the report.

Major competitors in the ophthalmic diagnostic equipment market are concentrating their efforts on expanding their worldwide and regional footprints through strategic acquisitions and mergers, as well as operational growth.

Companies in the ophthalmic diagnostic equipment market are following new product innovations and launches, regulatory approvals, and acquisitions as the key strategies. Key players are focusing on the development of advanced and cost-effective products and establishing distribution agreements to increase geographic reach, especially in the Asia Pacific region. Moreover, companies are targeting Asia region by establishing manufacturing units in order to reduce manufacturing costs.

More Insights into Ophthalmic Diagnostic Equipment Market

The United States is anticipated to rule the ophthalmic diagnostic equipment market accounting for over 89.2% of the North American region. Owing to the increased prevalence of refractive error disorders, the increased number of eye condition awareness programs, and the increased use of superior diagnostic technology are all contributing to this increase.

Germany accounted for approximately 28.6% of the Western Europe market in 2021. According to Eurostat one of the most common surgical procedures in Europe is cataract surgery. The rising number of cataract operations has had a significant influence on the ophthalmic industry, resulting in increased demand for cataract surgery equipment and medications.

China accounted for about 40.4% of the APEJ region in 2021. Factors such as the increasing number of people belonging to the older population that suffer primarily from poor eyesight and other eye-related diseases such as glaucoma and cataract contributed to market growth in this region.

India accounted for a 13.1% market share of APEJ in 2021 and is expected to show a similar trend in the coming years also. In India, ophthalmology-related disorders are on the rise. In India, almost 5 million cataract procedures are conducted every year. The bulk of these operations includes the implantation of intraocular lenses.

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Ophthalmic Diagnostic Equipment Market by Category

By Product:

  • Fundus Cameras
  • Retinal Ultrasound Imaging Systems
  • Refractors
  • Slit Lamps
  • Perimeters
  • Ophthalmoscopes
  • Tonometer
  • Optical Coherence Tomography (OCT)
  • Corneal Topography Systems

By End user:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

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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.

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Robotic Biopsy Devices Market Detail Analysis of Current and Future Projection 2022-2032

As per Future Market Insights’ latest industry analysis, the global Robotic Biopsy Devices Market was valued at around US$ 386.4 Mn in 2021 and is projected to exhibit a CAGR of 9.4% over the forecast period. The market is set to reach US$ 435.6 Mn in 2022 and US$ 1.1 Bn in 2032.

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One of the most significant cutting-edge technologies in neurosurgery is robot-assisted biopsy for brain tumors. Robot-assisted biopsy is used to increase the safety and effectiveness of biopsy technique, which is highly desired when organizing the management of tumor pathology.

The main objective of this cutting-edge technology is to add safety equipment to the modern neurosurgery operative inventory so that it can methodically improve the precision and accuracy in operation theaters, which is not otherwise conceivable. Additionally, robotic biopsy makes the thorough preoperative process easier than other types.

The market for robotic biopsy devices is anticipated to grow at a fast pace over the projected years due to rising need for safe and effective minimally invasive procedures and growing use of automated systems in the healthcare sector. It can be further attributed to rapid transformation of conventional healthcare systems to integrated digital technology.

Key Takeaways: Robotic Biopsy Devices Market

  • By product, the systems segment is expected to showcase high growth at a CAGR of 4% by the end of 2032.
  • By application, the brain biopsy category is leading the global robotic biopsy devices market and is projected to exhibit a CAGR of 3% during the forecast period.
  • By end user, hospitals held around 5% of the global robotic biopsy devices market share in 2021.
  • The U.S. currently dominates the North America robotic biopsy devices market and it had generated a share of about 8% in 2021.
  • The U.K. is set to hold a share of nearly 2% in the global robotic biopsy devices market during the assessment period.

“Increasing use of automated technologies for surgical procedures and growing global burden of chronic diseases are expected to drive sales of robotic biopsy devices,” says an analyst of Future Market Insights.

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Competition Landscape: Robotic Biopsy Devices Market

The market for robotic biopsy devices is oligopolistic, with the presence of a few established manufacturers. Product range of every player in the market varies as per the competitors’ licensed novel devices with unique applications. Key players are striving to gain regulatory authorizations for creating new medical devices, generating high product sales, and initiating marketing purposes.

  • In October 2021, Medtronic reported that the Hugo robotic-assisted surgery (RAS) system had been granted the CE (Conformité Européenne) Mark, allowing for sales of the system across Europe.

What Does the Robotic Biopsy Devices Market Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the robotic biopsy devices market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032.

The research study is based on the product (systems and instrument & accessories), application (lung biopsy, brain biopsy, prostate biopsy, and others), and end user (hospitals, ambulatory surgical centers, and academic & research institutes) across seven key regions of the world.

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Robotic Biopsy Devices Market Outlook by Category

By Product:

  • Systems
  • Instrument & Accessories

By Application:

  • Brain Biopsy
  • Lung Biopsy
  • Prostate biopsy
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Academic & Research Institutes

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About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business.

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High-Resolution Anoscopy Market:- The global High-Resolution Anoscopy Market is poised to register a CAGR of 6% to reach a valuation of US$ 24.95 Bn by 2032, up from US$ 13.93 Bn in 2022.

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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.

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Digital Health Market Will Generate Booming Growth Opportunities to 2032 | Future Market Insights

The global Digital Health Market is expected to reach a valuation of US$ 2585.98 Bn by 2032, with sales growing at an astounding CAGR of 27.7% from 2022 to 2032. Owing to the rising awareness of digital health benefits, the market for the same is likely to expand at a rapid rate and reach an estimated US$ 224.24 Bn by the end of 2022.

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The deep penetration of electronic gadgets and devices and advancing technology coupled with the rising acceptance of telemedicine and telehealth services will fuel the growth of the digital health market during the forecast period.

With the rapid digitalization of the healthcare sector, the prospects for the digital health market are also set to rise. Increasing usage of advanced technological tools like Big Data and others bodes well for the target market. Telemedicine and telehealth services are also on the rise and are increasingly adopted by both the medical community and public and private entities. This will likely have a positive impact on the digital health market.

Moreover, the increasing prevalence of chronic diseases like cancer, cardiovascular diseases, diabetes, Alzheimer’s, and other medical conditions that require long-term care and constant patient monitoring contribute to the rising demand for digital health services. In addition, electronic gadgets and smart devices such as smartphones are increasingly used as health and fitness trackers which further aids the growth of the digital health market during the forecast period.

 “Improving healthcare IT infrastructure coupled with access to virtual care will stimulate the global growth of the digital health market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • The rising prevalence of medical conditions requiring long-term care and monitoring facilitates market growth of the digital health industry.
  • Concerns regarding patients’ data security stymies market growth during the assessment period.
  • By deployment type, the cloud-based segment will likely reach an estimated US$ 519,151.4 Mn by 2032.
  • On the basis of solution, the software segment is predicted to hold about 45.6% of the digital health market revenue.
  • North America is expected to dominate the global digital health market space with a 45.9% share of the total revenue.
  • The digital health market in South Asia & Pacific is anticipated to reach US$ 275,462.9 Mn by 2032.

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Competitive Landscape 

AT&T Inc., Apple Inc., AirStrip Technologies LP, Alcatel-Lucent Corporation, Cerner Corporation, Symantec Corporation, Aruba Networks, Inc., Cisco Systems, Inc., Qualcomm, Inc., Siemens Healthcare, and Philips Healthcare among others are some of the major players in the digital health market profiled in the full version of the report.

Leading market players are focusing on launching state-of-the-art and affordable solutions to retain a competitive edge. These firms also adopt tactics like strategic alliances, partnerships, collaborations, acquisitions, and joint ventures to increase their market share.

More Insights into Digital Health Market Report

In its latest report, FMI offers an unbiased analysis of the global digital health market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented by product type (software (healthcare payers software (healthcare claims management software, healthcare CRM software, payer care management software, others), healthcare providers software (EHR/ EMR software, e-prescribing software, healthcare asset management software, population health management software, others)), services (managed services, professional services (healthcare consulting services, integration & implementation services, support & maintenance services))), deployment (cloud-based, on-premises), end user (diagnostics centers, healthcare payers, healthcare research centers, hospitals & clinics, nursing care centers, others), and region.

According to the latest FMI reports, based on segmentation, the cloud-based deployment segment will make significant contributions to the growth of the overall market. This segment is anticipated to reach US$ 519,151.4 Mn by 2032 owing to increasing usage of cloud-based solutions by various healthcare organizations. The software solution segment will also lead the market growth, accounting for a value of US$ 646,393.1 Mn in 2032.

Based on region, the digital health market in North America will present remarkable growth during 2022-2032. The region will likely dominate the market and hold about 45.9% of the market revenue. North America’s digital health market is predicted to account for a market share worth US$ 196,094.5 Mn.

The presence of lucrative funding options, the deep reach of smartphones and other such devices, enhanced internet connectivity, and easy adaptability to progressive technology along with other factors like an ageing population and high prevalence of chronic illnesses propel the target market in this region. Besides North America, the Asia Pacific region, too, will demonstrate considerable growth in the digital health market during the forecast period.

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Key Segments

By Solution:

  • Software
    • Healthcare Payers Software
      • Healthcare Claims Management Software
      • Healthcare CRM Software
      • Others
      • Payer Care Management Software
    • Healthcare Providers Software
      • EHR / EMR Software
      • E-Prescribing Software
      • Healthcare Asset Management Software
      • Others
      • Population Health Management Software
  • Services
    • Managed Services
    • Professional Services
      • Healthcare Consulting Services
      • Integration & Implementation Services
      • Support & Maintenance Services

By Deployment:

  • Cloud-based
  • On-Premises

By End User:

  • Diagnostics Centers
  • Healthcare Payers
  • Healthcare Research Centers
  • Hospitals & Clinics
  • Nursing Care Centers
  • 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.
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Aromatherapy Increasing Research and Development Projects to Spell Growth of the Market

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.

More Insights into the Aromatherapy Market

North America is expected to dominate the global aromatherapy market owing to the presence of crucial market competitors in the region. The growth in the region is also attributed to the surging sales of crucial oil for home use, lifestyle changes, a growing urban population, and the increased influence of the media are all factors boosting demand for aromatherapy goods in the region.

The aromatherapy market in Europe is expected to rise significantly over the forecast period. The rising popularity of aromatherapy as a therapeutic and pharmacological alternative is expected to drive market expansion in Europe. The majority of essential oils are sold in European nations including the United Kingdom, Germany, the Netherlands, Belgium, and Ireland.

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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
Browse All Reports: https://www.futuremarketinsights.com/reports
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Pharmacy Automation Systems Market Latest Developments and Innovations Across the Industry

The global Pharmacy Automation Systems Market is projected to reach a value of about US$ 10.6 Bn by 2032, with the market growing at a strong CAGR of 8.0% from 2022 to 2032. Valued at US$ 4.6 Mn in 2021, the target market will likely reach US$ 4.9 Bn in 2022. The elevated usage of the pharmacy automation system in drug dispensing & packaging, drug storage, and inventory management is fueling the market growth of the same. Rising interest in automating the daily operations of pharmacies all over the world is supplementing the growth of the pharmacy automation systems market during the forecast period.

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Hospital and retail pharmacies are major contributors to the pharmacy automation systems market. More and more pharmacies across the world are adopting pharmacy automation systems to automate day-to-day activities to reduce human intervention, enhance operational efficiency, and lessen overstocking. These systems are used by both inpatient and outpatient pharmacies. Pharmacy automation systems also include properties like the ability to measure personalized medications, track and update consumers’ information in a database, and monitor the all-over procedure of inventory management and distribution.

Consequently, they are a suitable replacement for manual dispensing across drugstores. The installation of these systems has immensely improved the efficiency and security of storing, administering, filling, packaging, and labeling prescription medications. These considerations, coupled with other factors like the introduction of cost-effective automation solutions, incorporation of advancing technology into the target product, etc., are likely to drive the growth of the pharmacy automation systems market during the forecast period.

Furthermore, the rising awareness of the benefits of pharmacy automation technologies is encouraging many small and mid-sized healthcare hospitals and retail pharmacies to replace their traditional pharmacy operation practices with these systems. This will boost the market prospects during the next decade.

“Rising awareness of the advantages of pharmacy automation systems along with favorable government policies will supplement the global growth of the pharmacy automation systems market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • By end user, the hospital pharmacies segment will grow at a high CAGR over the forecast period.
  • On the basis of application, drug dispensing and packaging will continue to dominate the global market growth.
  • Accounting for 42.6% of the market share in 2021, the medication dispensing cabinets will present a steady growth over the assessment period.
  • Germany’s pharmacy automation systems market will register a 7.9% CAGR.
  • The pharmacy automation systems market in the U.S. will acquire a 56.6% share of the global market.
  • Increasing number of pharmacies drives the target market growth in India.

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Competitive Landscape 

AmerisourceBergen Corporation, Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell Inc., and ScriptPro LLC among others are some of the major players in the pharmacy automation systems market profiled in the full version of the report.

Key market players are keen on adopting tactics such as new product releases and increasing investments in research and development. These organizations are also focusing on employing mergers, acquisitions, partnerships, and collaboration strategies to expand their consumer base.

More Insights into Pharmacy Automation Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global pharmacy automation systems market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (robotic dispensing machines, carousel storage, tablet splitters), application (drug dispensing & packaging, drug storage, inventory management), end user (hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies, pharmaceutical SME’s), and region.

According to the latest FMI reports, based on segmentation, the medication dispensing cabinets segment will demonstrate steady growth owing to its higher rate of adoption. The drug dispensing and packaging segment held 47% of the market share in 2021 and will likely retain its lead while the hospital pharmacies segment is anticipated to register a high CAGR during the projection period.

Based on region, the pharmacy automation systems market in Germany is projected to exhibit substantial growth, recording a positive CAGR of 7.9% during 2022-2032. A well-established and advancing healthcare sector, a rising geriatric population, growing concerns regarding improper inventory management, and the high cost of storing inventory are certain considerations that drive the growth of the target market in this country. Germany accounted for 3.3% of the global pharmacy automation systems market share in the year 2021. Other countries like India and the United States are predicted to present impressive growth in the pharmacy automation systems market over the forecast period.

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Key Market Segments Covered in Pharmacy Automation Systems Industry Research

By Product:

  • Medication Dispensing Cabinets
  • Packaging & Labelling Machines
  • IV Pharmacy
  • Robotic Dispensing Machines
  • Carousel Storage
  • Tablet Splitters

By Application:

  • Drug Dispensing & Packaging
  • Drug Storage
  • Inventory Management

By End User:

  • Hospital Pharmacies
  • Clinic Pharmacies
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Pharmaceutical SME’s

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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.

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Pulmonology Devices Market Report 2022: Consistent Levels of R&D Driving Sector Growth

The global Pulmonology Devices Market is expected to grow at a steady rate over the forecast period. The market for pulmonology devices will demonstrate substantial growth in the upcoming years. Heightened prevalence of respiratory disorders like asthma, lung cancers, chronic obstructive pulmonary disorders (COPD), and cystic fibrosis fuel the pulmonology devices market to grow at a robust CAGR of about 10.7%during the projected period.

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Increased air pollution, a rise in the number of industrial & chemical pollutants which decrease the quality of air, and a surge in the geriatric population have led to a rise in the cases of various respiratory illnesses. The rising incidences of these diseases have resulted in an elevated demand for new and innovative techniques for accurate diagnosis and treatment and consequently fuel the growth of the pulmonology devices market in the coming years.

Additionally, favorable reimbursement enforced for outpatient procedures is a factor that will positively impact the prospect of the pulmonology devices market. The target market will further benefit from the surge in the adoption of technologically advanced pulmonology devices. Again, rising public awareness about respiratory conditions has amplified the adoption rates of these devices.

Though the target market has bright prospects lined up over the next few years, the market is not without its share of challenges. Concerns over the safety of pulmonary devices coupled with their expensiveness will likely hamper the market growth during this period of observation.

“Growing cases of respiratory diseases coupled with the introduction of technologically advanced devices is expected to drive the global growth of pulmonology devices market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • High cost of the equipment will hamper the pulmonology devices market.
  • Brazil is expected to emerge as a potential market with several lucrative opportunities for pulmonology devices market.
  • The presence of a well-established healthcare market fuels the growth of the pulmonology devices market in Japan.
  • Single-use bronchoscopes are expected to acquire the highest share of the global pulmonology devices market.
  • On the basis of end-user, hospitals will continue to lead the market growth.
  • By indication, the high prevalence of COPD is a prime contributor to the pulmonology devices market.

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Competitive Landscape 

Boston Scientific Corporation, CONMED Corporation, Olympus Corporation, Cook Medical Incorporated, and Ambu A/S Major Manufacturers, Verathon, Inc., United Medical Surgical Services Ltd., Hunan Vathin, Micro-Tech (Nanjing) Co., Ltd, Merit Medical Systems, and others are some of the major players in the pulmonology devices market profiled in the full version of the report.

Key companies in this market are concentrating on developing a wide range of advanced products. These businesses are also adopting tactics like acquisitions and mergers to improve their global market presence.

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More Insights into Pulmonology Devices Market Report

In its latest report, FMI offers an unbiased analysis of the global pulmonology devices market, providing historical data from 2015 to 2019 and forecast statistics for 2020 to 2030. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (pulmonary biopsy devices (single-use biopsy forceps, cytology brushes, microbiology brushes), endobronchial ultrasound (EBUS) needles (endobronchial ultrasound fine biopsy needles, endobronchial ultrasound transbronchial aspiration needles), airway stent (silicon stents, nitinol stents, stainless steel stents), airway extraction baskets, single-use bronchoscopes), indication (lung cancer, COPD, foreign body extraction, tracheal and bronchial stenosis, others), end user (hospitals, pulmonology clinics, ambulatory surgical centers), and region.

According to the latest FMI reports, based on segmentation, the high prevalence of COPD immensely contributes to the expansion of the pulmonology devices market. In terms of product type, single-use bronchoscopes are predicted to register heightened demand whereas hospitals will continue to remain the top end-user during the forecast period.

Based on region, the pulmonology devices market in the United States is anticipated to demonstrate substantial growth. Technological advancements augment the sales of minimally invasive surgery products. This coupled with heightened demand for such products in the country is driving the growth of the pulmonology devices market in the U.S. The U.K. and Japan are two other countries that are predicted to undergo notable growth in the pulmonology devices market during the forecast period.

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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.

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Empty Capsules Market Insights, New Innovations, Research and Growth Factor till 2026

The global sales of Empty Capsules Market are expected to create lucrative growth opportunities over the projection period from 2022 to 2026 with a wealthy CAGR of 8%. The global market is expected to reach around US$ 2.1 Bn in 2022 and surpass a valuation of US$ 2.9 Bn by 2026. At present, the empty pill capsule market accounts for around 1% of the global drug delivery market. The flexibility of such fillable capsules is anticipated to gradually promote the use of empty pills in the nutraceutical and pharmaceutical sectors.

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Owing to the surging consumption of various drugs combined with the increasing popularity of capsules over several other drug delivery forms is a primary factor boosting sales of empty capsules. Since the burden of chronic diseases continues to rise, demand for therapeutics is anticipated to increase at a substantial pace. This is in turn expected to generate lucrative growth prospects for the suppliers of empty capsules.

Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.

Key Takeaways

  • The market is subjected to change in relevance in order to get regulatory impositions of gelatin sourcing and licensing for distribution, as per the macro and industry standards. The prominent driver in the global empty capsules market incorporates the development of natural alternatives to raw material sourcing of gelatin.
  • In addition to that, efficient packaging of empty capsules has proven to improve the integrity of the product and avoid contamination. It has also offered several solutions for the efficient dissolution of the capsules and is therefore expected to enhance the sales outlook of the empty capsules market during the forecasted years.
  • Empty capsules have proven to be an ideal drug delivery product as they account for their ability to protect sensitive substances from oxidation as well as their user-friendly nature. These capsules are usually smooth and slippery which makes them easy to swallow.
  • The use of empty capsules is diverse within the healthcare sector as they are expletively utilized by pharmaceutical and biopharmaceutical companies to encapsulate liquids, powders, granulates, oils, extracts, and even herbs. Surging production and consumption of empty capsules to cater to the rising demand from the pharmaceutical industry will continue to boost the empty capsules market growth during the assessment period.
  • Over the last few years, encapsulated capsules have garnered major traction for the encapsulation of unpalatable medicines. The empty capsule suppliers are using various strategies to increase sales. They are focusing on developing innovative capsule materials that not only help to deliver medicine but also perform other functions as well. This will help them to lure more and more customers.

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Competitive Landscape

The global empty capsules market is known to be highly competitive in nature attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players are constantly focusing on introducing new products designed out of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc. to expand their global footprint.

More Insights into the Empty Capsules Market

The U.S. is expected to dominate the global empty capsules market as it accounts for a massive chunk of the global market. The growth of the market is attributed to the poor lifestyle habits in the U.S. which have resulted in a substantial increase in demand for nutraceuticals to adjust proper nutrient intake, subsequently driving sales of empty supplement capsules and empty vitamin capsules.

Moreover, surging awareness associated with vegetarian empty capsules and the availability of technologically advanced empty capsule filling machines will propel sales of empty HPMC capsules and empty pullulan capsules in the U.S. through 2030.

Japan is the second largest consumption of empty medicine capsules owing to increasing usage by the geriatric population and growing consumer awareness about the benefits of capsules over other forms.

Key Segments of Empty Capsules Industry Survey

Capsule Size:

  • Size “000” Empty Capsules
  • Size “00” Empty Capsules
  • Size “0” Empty Capsules
  • Size “1” Empty Capsules
  • Size “2” Empty Capsules
  • Size “3” Empty Capsules
  • Size “4” Empty Capsules
  • Size “5” Empty Capsules

Product Type:

  • Gelatin (Hard)-based Capsules
  • Vegetarian-based Capsules

Route of Administration:

  • Empty Capsules for Oral Administration
  • Empty Capsules for Inhalation

Raw Material:

  • Contract Type-A (Pork Skin) Empty Capsules
  • Type-B Gelatin (Animal Bones & Calf Skin) Empty Capsules
  • Fish Bone Gelatin Empty Capsules
  • Empty Hydroxy Propyl Methyl Cellulose (HPMC) Empty Capsules
  • Starch Material Empty Capsules
  • Empty Pullulan Capsules

End User:

  • Empty Capsules for Pharmaceutical Companies
  • Empty Capsules for Cosmetic & Nutraceutical Companies
  • Empty Capsules for Clinical Research Organizations (CROS)

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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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Christiana Corporate, 200 Continental Drive,
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U.S. Animal Model Market is expected to increase at a high CAGR of 4.1 % 2022-2032

As per Future Market Insights’ latest industry analysis, the U.S. animal model market was valued at over US$ 921.9 Mn in 2021 and is anticipated to exhibit a CAGR of close to 4.1% over the forecast period (2022-2032).

Animal models are predominantly used to gather information regarding the disease and its prevention, diagnosis, and treatment. They are being used to resolve a wide range of scientific concerns, ranging from basic science to the discovery and evaluation of new vaccines and therapies. Animals are used because of the similarities in biology across most mammals.

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Personalized medicine is also known as precision medicine which utilizes data about a specific patient or an individual’s genes to plan treatment for a disease. Animal models can play important role in the development of new approaches for personalized medicine. Increasing adoption of personalized medicine will drive sales of animal model in the forthcoming years.

Toxicity testing in animals is done to discover potential side effects from an agent’s exposure and to generate dose-response relationships. Animal testing is important for the early detection of the potential risk to humans or as models to study the causes, pathogenesis, progression, and treatment of diseases.

Organizations and legislations such as the Federal Food, Drug, and Cosmetic Act (FFDCA), Environmental Protection Agency (EPA), Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), and Organization for Economic Co-operation and Development (OECD) determine the testing guidelines for toxicity testing on animals.

Some factors such as the high production volume of chemicals testing in the U.S., increasing generation and utilization of novel GM animal strains in toxicity studies, and the development and attempted validation of several animal tests to screen chemicals for endocrine (hormone)-disrupting activity are expected to drive the growth in the market.

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Key Takeaways:

  • Based on species, the mice model segment is expected to hold nearly 62.6% of the total market share 2022, with sales growing at a 5.1% CAGR.
  • In terms of therapeutics, the oncology accounted for more than 32.0% of the total market share in 2021, and the trend is expected to continue over the forecast period.
  • By application, sales in the drug discovery/development segment commanded 65.4% of the total market share in 2021.
  • Based on end user, the academic & research institutes segment accounted 36.6% of the total market share in 2021.

Key Players:

  • Charles River Laboratories
  • The Jackson Laboratory
  • Taconic Biosciences, Inc.
  • Genoway
  • Envigo (Inotiv, Inc.)
  • Marshall BioResources
  • Janvier Labs
  • Applied stem cells
  • Biocytogen
  • Transposagen Biopharmaceuticals, Inc. (Hera Bio Labs)
  • Cyagen
  • Ingenious targeting labs
  • Crown Bioscience Inc. (JSR Corporation).
  • Harbour Biomed
  • Sinclair Bio Resources
  • Alpha Genesis Inc.
  • Creative Animodel
  • DaVinci Biomedical Research Products, Inc

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Market Competition

Key players operating in the U.S. animal model market are expanding their business through partnerships and acquisitions with other companies to improve their global footprint. Following are a few examples of acquisitions:

  • In October 2021, The Jackson Laboratory completed the acquisition of Charles River Laboratories Japan’s Research Models & Services (RMS), which allows advancement in the company’s scientific improvements in basic research and drug discovery.
  • In November 2021, Inotiv, Inc., which is a leading contract research organization (CRO) completed its acquisition of Envigo RMS Holding Corp. to expand its R&D sector.
  • In February 2021, Biocytogen completed the acquisition of a third Beacon Optofluidic system. This acquisition expanded Biocytogen’s service platform in the Boston area.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the animal model market in its latest study, presenting a historical demand assessment of 2017–2021 and projections for 2022– 2032.

The research study is based on the species – (rats, mice, pigs, rabbits, monkeys, dogs, cats, other species), therapeutics- (metabolic diseases, cardiovascular diseases, neurological diseases, and oncology), application (drug discovery/development and basic & applied research) end-user (academic & research institutes, pharmaceutical companies, biotechnology companies, and CROs) and across seven key regions of the world.

Future Market Insights’ Expertise in Life Sciences and Transformational Health

Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations.
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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Self-testing Market projected to progress at a noteworthy CAGR of 5.6% to reach US$ 11.55 Bn by 2030-end

As per the latest market study by Future Market Insights (FMI), the global self-testing market  is projected to record a CAGR of 5.6% amid the forecast period, 2022-2030.

Self-testing Market Size (2022) US$ 7.49 Bn
Revenue Forecast (2030) US$ 11.55 Bn
Global Market Growth Rate (2022-2030) 5.6% CAGR
Dominant Sample Type Urine (45.1%)

Consumers are swiftly adapting to buy self-testing kits due to early detection of severe allergies or diseases with the assistance of STI/STD self-tests, cancer-tests, and intolerance self-tests. Pharmacies are receiving a positive response online against the conventional approach of buying them from retail pharmacy stores subsequent to seeking medical advice. Market players are formulating these testing kits together with a range of wellness and prevention strategies, scoping from chronic disorder management and acute infection diagnoses to detecting probable risks of diseases.

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Moreover, the COVID-19 outbreak and successive ripple effects have obliged retailers to shut down their stores, impacting the profit margins of self-testing kit producers. With brick-&-mortar stores closing down temporarily, players are placing their bets on e-commerce/online platforms to endure pandemic shockwaves.

“Easy accessibility of product via online pharmacies or retail pharmacies is promising the producers to enter into an agreement with distribution and supply chain networks to enter untapped markets and establish a global footprint,” opines FMI analyst.

Self -Testing Market – Major Takeaways

  • The global self testing market is forecasted to reach a valuation of US$ 11 Bn by 2030.
  • By product, digital monitoring instruments will continue to be the preferred product category as they help care for ailments ranging from chronic to recovery conditions from acute episodes by gathering important patient data at-home settings.
  • Based on the application, around 8 out of 10 users opt for utilizing these kits for testing blood glucose.
  • Among distribution channels, the retail pharmacies will remain dominant attaining revenue close to US$ 3.5 Bn, by 2030.

Self -Testing Market – Key Drivers

  • Demand for reliable and easy self-testing devices and kits has escalated owing to the fast generation of results along with maintaining the privacy.
  • Easy accessibility and advertising schemes are influencing the self-testing market growth, optimistically.
  • Growing awareness concerning healthcare and related ailments along with non-profit organizations and government’s encouragement complements the market growth.

Self -Testing Market – Regional Analysis

  • North America remains the biggest market for self-testing kits, worldwide, trailed by Europe, due to mature healthcare infrastructure and favorable government policies.
  • The European region is anticipated to be the second most lucrative region owing to the increasing occurrence of diabetics and the growing adoption rate.
  • East Asia self-testing kits market is foreseeing huge demand, soaring investments in healthcare infrastructure up-gradation in addition to increasing trend of home diagnosis.

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Self -Testing Market – Competitive Landscape

Market players extend to reap notable revenues from retail pharmacies. Conversely, they are additionally delving into new revenue streams in supermarkets/hypermarkets and online pharmacies. Prominent players operating in the global self-testing market include ARKRAY Inc., ACON Laboratories Inc., Becton, Dickinson & Company, Assure Tech (Hangzhou) Co. Ltd., Roche Holding AG, Bionime Corporation, True Diagnostics Inc., and Quidel Corporation.

Self- Testing Market – Taxonomy

Product

  • Digital Monitoring Instruments
  • Midstreams
  • Cassettes
  • Cups
  • Strips
  • Test Panels
  • Dip Cards
  • Others

Application

  • Pregnancy & Fertility Testing
  • Blood Glucose Testing
  • STD/ STI Testing
  • Cancer Testing
  • Cholesterol Testing
  • Drug of Abuse Testing
  • Thyroid Testing
  • HIV Testing
  • Others

Sample

  • Blood
  • Urine
  • Stool
  • Saliva
  • Semen
  • Vaginal Swab

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Distribution Channel

  • Drug Stores
  • Retail Pharmacies
  • Supermarket/Hypermarket
  • Online Pharmacies

Regional Outlook:

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

Get Valuable Insights into the Self Testing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global self testing market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the self testing market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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 8-years.

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