Market Research Blog

Global Over-The-Counter (OTC) Veterinary Drugs market is expected to grow at a decent rate owing it to the increase in number of manufacturers for Over-The-Counter (OTC) veterinary drugs, worldwide. There are variety of drugs available in the market as Over-The-Counter (OTC) veterinary drugs for the safe use in animals. These drugs are available in various forms, topical drugs are available as gels, oils, creams, and sprays for various applications. Antibiotics and non-steroidal anti-inflammatory drugs are very common Over-The-Counter (OTC) veterinary drugs in the market. The drugs are available for various medical conditions related with the skin, eyes, and allergic reactions to the animals.

The Over-The-Counter (OTC) veterinary drugs market is well equipped with the retail pharmacies by the end user segment. Injectable drug involve vaccines, which are majorly used by the companion animals for their safety and improving their well-being. The Over-The-Counter (OTC) veterinary drugs market is expected to propel during the forecast period with the growing awareness on the safety and prevention of diseases among companion animals.

Over-The-Counter (OTC) Veterinary Drugs, also termed as non-prescription drugs are drugs that are available without any prescription. These drugs are effective and safe when all the directions on the label or directed by the healthcare professional are followed. The FDA in the U.S. considers when a specific drug is effective and safe enough to be sold over-the-counter. Over-the-counter (OTC) veterinary drugs usage is attributable to the savings on cost incurred on clinical visit and on the drug cost. There are limited veterinary drugs that are approved and available to veterinarians.

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The veterinarians often depend on the use of different sources and types of drugs to treat their patients. Over-The-Counter (OTC) veterinary drugs are checked on the assurance of the product effectiveness, safety, and manufacturing to stringent standards for purity, quality, and potency. The FDA Centre for Veterinary Medicine (CVM) is responsible for the manufacturing and distribution of veterinary food additives and drugs. Over-The-Counter (OTC) veterinary drugs are regulated under The Federal Food, Cosmetic, and Drug ACT, which regulated statutory provisions that govern all the key regulations of Over-The-Counter (OTC) veterinary drugs. The Act formulate drugs as, “articles for use in the cure, diagnosis, treatment, mitigation, or prevention of diseases in animals or man”.

Over-The-Counter (OTC) Veterinary Drugs Market: Drivers and Restraints-

Over-The-Counter (OTC) Veterinary Drugs are poised to witness a significant growth owing it to the paradigm shift from Rx to OTC by major pharmaceutical manufacturers. Increasing tendency of people towards the health of their companion animals in developed regions, majorly, and immense cost savings with Over-The-Counter (OTC) veterinary drugs pose various advantages, further boosting demand for Over-The-Counter (OTC) veterinary drugs.

However, several serious issues with OTC drugs pertaining to inappropriate substance abuse vehemently and diagnosis of the animal might obstruct market growth for Over-The-Counter (OTC) veterinary drugs during the forecast timeframe. This has also resulted in withdrawal of various Over-The-Counter (OTC) veterinary drugs used for therapy from the market over the years. Stringent regulations regarding Over-The-Counter (OTC) veterinary drugs and substance abuse related issues might also hinder market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period.

Over-The-Counter (OTC) Veterinary Drugs Market: Region-wise Outlook

Over-The-Counter (OTC) veterinary drugs market is immensely concentrated in major developed economies like the U.S., Japan, and China. The United States is expected to witness a moderate growth due to market saturation in a few product categories. Technological advancements is however, expected to boost market growth for Over-The-Counter (OTC) veterinary drugs worldwide.

Increase in consumer appetite for Over-The-Counter (OTC) veterinary drugs for their companion animals, and growing need of curbing the veterinary-related healthcare costs is expected to fuel the market growth for Over-The-Counter (OTC) veterinary drugs in the Europe region. Increase in efforts for Over-The-Counter (OTC) veterinary drugs licensing for treatment of various diseases in animals is also expected to boost the market growth for Over-The-Counter (OTC) veterinary drugs during the forecast period. However, traditional medications for veterinary disease treatment might slow down the market growth for Over-The-Counter (OTC) veterinary drugs in the Asia-Pacific and MEA region.

Over-The-Counter (OTC) Veterinary Drugs Market: Key Market Participants

Some of the market participants in the Global Over-The-Counter (OTC) Veterinary Drugs market identified across the value chain include: Merck & Co., Inc., Zoetis, Inc., Eli Lilly and Company, Virbac, Bayer AG, Sanofi, Vetoquinol S.A., Boehringer Ingelheim International GmbH, and Dechra Pharmaceuticals PLC.

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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The report covers exhaust analysis on:

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

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (India, ASEAN, Australia & New Zealand)
• China
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Over-The-Counter (OTC) Veterinary Drugs Market: Segmentation

On the basis of Drug Class, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

• H2 Receptor Antagonists
• Non-steroidal Anti-inflammatory Drug
• Artificial Tears and Ocular Lubricants
• Antihistamine
• Antibacterial
• Glucocorticosteroid
• Antidiarrheal Agents
• Nutraceuticals
• Others

On the basis of Form, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

• Topical
• Oral
• Injectable

On the basis of Distribution Channel, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

• Retail Pharmacies
• Mail-order Pharmacies
• Hypermarkets & Supermarkets

On the basis of geography, Over-The-Counter (OTC) Veterinary Drugs Market can be segmented as:

• North- America
• Eastern Europe
• Western Europe
• Asia-Pacific excluding China & Japan
• China
• Japan
• Middle East and Africa
• Latin America

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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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 8-years.

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PD-1/PD-L1 Inhibitors Market: Dynamics

PD-1/PD-L1 Inhibitors market is among the highest growing field in the pharmaceutical industry. PD-1/PD-L1 Inhibitors promise improved survival of patients, with low toxicity which is a huge market driving factor. The products available in the market for PD-1/PD-L1 inhibitors are increasingly meeting safety standards and are effective in the treatment of cancers. However, experts believe that the molecules in early clinical studies point towards safety concerns and high development cost can lead to high prices of the drug in the market which are a few challenged pharmaceutical companies have to encounter.

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PD-1/PD-L1 Inhibitors Market Overview

Immunotherapy treatment methods are evolving and are one of the prime methods for the treatment of cancer. PD-1/PD-L1 inhibitors have a targeted approach and decrease toxicity and hence resulting in increased efficacy. PD-1/PD-L1 inhibitors market is achieving advancements owing to the efficiency of the treatments.

PD-1/PD-L1 Inhibitors have been useful in the treatment of several cancers. PD-1/PD-L1 Inhibitors are being studies for the treatment of various type of cancers.

PD-1/PD-L1 Inhibitors Market: Region-wise Outlook

Based on geography, the PD-1/PD-L1 inhibitors market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. At present, North America holds a leading position in the PD-1/PD-L1 inhibitors market followed by Europe. The major driving factors which have driven the growth of the PD-1/PD-L1 inhibitors market in these regions are constantly increasing the prevalence of various types of cancers, and demand for technologically advancements in the already successful approaches for treatment. The major companies are focusing on second generation therapies to improve the current treatment scenario with PD-1/PD-L1 inhibitors.

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Following North America, European countries are also anticipated to show steady growth in the PD-1/PD-L1 inhibitors market. In the next few years, Asia-Pacific would show remarkable growth in the PD-1/PD-L1 inhibitors market as it is developing at a very rapid pace and has shown the emergence of many regional players. The factors which would fuel the growth of PD-1/PD-L1 inhibitors market in Asia-Pacific are increasing awareness regarding various types of cancers, increase the number of patients getting affected with the disease, and rapid development of the healthcare infrastructure across the Asian countries. PD-1/PD-L1 inhibitors market would evolve at a rapid rate across the regions. However, North America would maintain its position in the overall PD-1/PD-L1 inhibitors market.

PD-1/PD-L1 Inhibitors Market: Key Players

It is expected that with due course of time, there will be an entry of multiple pharmaceutical players in the PD-1/PD-L1 inhibitors market as PD-1/PD-L1 inhibitors have witnessed good investments from various key pharmaceutical companies. PD-1/PD-L1 inhibitors market currently has multiple ongoing deals and active research with many pharmaceutical companies looking to launch there products. Some of the top players operating in the PD-1/PD-L1 Inhibitors Market are Bristol-Myers Squibb, Merck & Co., F. Hoffmann-La Roche AG, Sanofi, Amgen, Gilead Sciences, AstraZeneca, Novartis, Pfizer, Celgene and many others.PD-1/PD-L1 Inhibitors Market has the presence of many regional players which have a huge market share in emerging countries.

The report covers exhaust analysis on:

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

The regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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 9-years.

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[230 Pages Report] Growing prevalence of acute kidney injury as well as increasing early diagnosis with subsequent increasing treatment seeking rate are the prime drivers of the global acute kidney injury treatment market. Treatment such as dialysis therapies has resulted in better management of acute kidney injury, and has helped reduce the risk of various kidney-related diseases.

Various organisations are involved in acute kidney injury disease surveillance. In 2021, China’s central government issued the 13th Five Year National Science and Technology Innovation Plan, which aims to create a national platform to share biomedical big data, develop technologies for precision medicine, and integrate them into a multilevel knowledge database, leading the healthcare treatment market to new growth avenues.

The global acute kidney injury treatment market is projected to exhibit a noteworthy 8% CAGR over the forecast period (2022–2029).

“Increasing prevalence of acute kidney injury across the world and increasing number of dialysis centers are prominent factors augmenting the growth prospects of the global acute kidney injury treatment market.”

Key Takeaways of Acute Kidney Injury Treatment Market Study

• Owing to increasing acute kidney injury prevalence, number of dialysis centers, and efficient treatment method, the dialysis segment is expected to be a significant revenue generator.
• The intermittent hemodialysis segment, under product, in the acute kidney injury treatment market, is expected to be a prominent segment, as results provided by this treatment are more efficient as compared to other dialysis methods.
• The pre-renal injury segment is anticipated to dominate the acute kidney injury treatment market, as pre-renal injury is more prevalent in patients with acute kidney injury.
• North America is expected to dominate the global acute kidney injury treatment market in terms of revenue, owing to the growing adoption of advanced treatments over conventional methods. East Asia is expected to offer lucrative opportunities for the acute kidney injury treatment market during the forecast period.

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Advanced Technology & Product Launches – Key Strategies Followed by Manufacturers

Advancements in diagnostic technology and more product availability in order to streamline their product offerings in respective regions with diverse product portfolios are being followed by players in the acute kidney injury treatment market. For instance, in January, 2022, Fresenius Medical Care launched the 4008A dialysis machine to improve accessibility to life-sustaining dialysis treatment.

More Valuable Insights on Acute Kidney Injury Treatment Market

Future Market Insights brings a comprehensive research report on forecast revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each segment from 2014 to 2029. The global acute kidney injury treatment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the readers.

The study provide compelling insights on the acute kidney injury treatment market on the basis of product (dialysis and drug therapy), injury (pre-renal injury, intrinsic renal injury, and post-renal injury), and distribution channel (hospitals, ambulatory surgical centers, and others), across seven major regions.

Acute Kidney Injury Treatment Market By Category Product :

• Dialysis
  • Intermittent Hemodialysis
  • Continuous Renal Replacement Therapy (CRRT)
  • Sustained Low Efficiency Dialysis (SLED)
• Drug Therapy
  • Antibiotics
  • Diuretics
  • Immunosuppressive Agents

Injury :

• Pre-renal Injury
• Intrinsic Renal Injury
• Post-renal Injury

Distribution Channel :

• Hospitals
• Ambulatory Surgical Centers
• Others

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Region :

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

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

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

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

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

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

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

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Key Takeaway 

• The government initiatives and e pharmacy regulations support and control digital technology to improve the space and its functionality. Several industry players get benefitted from the government awareness programs.  
• North America dominates the market as it holds more than 35% of the global epharmacy market. The factor behind the excessive growth is the extreme internet penetration amongst the American population.  
• epharmacy businesses design their product profile and marketing campaign with the prescription portal attached to it that makes customers interact with the website easily and upload the prescription without a hitch.  
• 63% of the world’s population is on the internet and interacts with eCommerce websites daily which directly proliferates the market growth.  

• The global epharmacy market is segmented by product type that is further segmented into OTC products and prescription medicines.  
• The biggest segment by the product type category is OTC products. These products are in high demand because of the easy access and low hassle processes.  

Competitive Landscape 

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

• In 2021, PharmEasy  initiated the takeover of MedLife to expand the deliverables and stronghold in India.

• Lately, Express scripts have launched a new program named Express Scripts Parachute Rx that offer price discounts on multiple products. 

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Key Market Segments

By Product Type:

• OTC products
• Prescription medicine

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Pharmacy Refrigerators Market

Pharmacy And Drug Store Franchises Market

Pharmacy Automation Systems Market

Blood Warmer Devices Market

Hydrokinetic Fibre Dressings Market

About FMI:

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

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[332 Pages Report] According to a recent study by Future Market Insights (FMI), the global acetaminophen market is expected to grow from US$ 9.4 Bn in 2021, to over US$ 14.1 Bn by 2031, expanding at a 4.1% CAGR over the forecast period 2021-2031.

[406 Pages Report] As per a recent market analysis by Future Market Insights (FMI),  the global medical rehabilitation robotics market was valued at over US$ 264.0 Mn in 2020 and is projected to expand at a stupendous 15.9% CAGR over the forecast period.

Increasing development of robotic products and devices that have the ability to perform a wide array of tasks is propelling sales in the market. Surgical robots are developed for the purpose of assisting surgeons in operating on a varied range of procedures, which in turn is improving patient outcomes.

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The designing and development of automated robotic models for rehabilitation and assistive services and applications have led to an advancement in disease recovery term. Rising awareness regarding the use of medical rehabilitation robotics for patients with disabilities, as well as for cognitive and behavioral disorders is spurring demand in the market.

The growth in rehabilitation therapy and integrated robotics has increased research and development activities associated with their applications in home-based settings. In comparison with clinical therapy, home therapy has the potential to augment standard care and enable a consistent treatment regime by increasing the frequency and duration of training sessions.

Carrying out rehabilitation services at home offers convenience and comfort. Growing preference for affordable, convenient, and time-saving robotic devices over other therapy devices in hospitals settings is expected to augment the growth of the market.

The development of medical rehabilitation robotics market is reliant on increasing healthcare spending, rising research and development activities, larger government-backed funding, and rising initiatives to promote the utility of rehabilitation robots

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Key Takeaways:

• Based on product type, demand in the therapeutic/assistive products is expected to account for 71.8% of the total market share in 2031, growing at a 15.4% CAGR.
• In terms of extremity, the upper extremity segment is expected to hold 54.8%of the total market share by 2031.
• Sales in the limb motility segment are projected to grow at a 15.9% CAGR through 2031.
• In terms of patient type, the adults segment held 86.9% of the total market share in 2020, and the trend is expected to continue over the forecast period.
• Applications in the neurorehabilitation segment are projected to account for a substantial share in the global medical rehabilitation robotics market.
• Rehabilitation centers held the largest value share of 47.7% in 2020. However, hospitals are expected to account for 36.9% of the total market share by 2031.

“The integration of automation and assistive technology in medical equipment, along with surging demand for artificial intelligence (AI) based robotics in rehabilitation centers will continue boosting the market over the forecast period,” says an FMI analyst.

Competition Landscape

Leading players operating in the market are investing in acquisitions, mergers, expansion, and the development of an extensive clinical pipeline to improve sales in the market. Besides this, players are expandingtheir product portfolios to increase their consumer base. For instance:

• In October 2021, Fourier Intelligence was selected and awarded the Top 4 Leading Rehabilitation Technology Enterprise by KPMG and the China Association of Non-Public Health Institutions, co-organized by the Health Sector Strategy at an event that was held in Shanghai.
• In December 2020, Anthrtonix DANA, a telehealth tool by AnthroTronix, was used at the Johns Hopkins Hospital to identify and monitor cognitive deficits and recovery of COVID-19 patients.

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the medical rehabilitation robotics market in its latest study, presenting historical demand assessment of 2016 – 2020 and projections for 2021 – 2031.

The research study is based on the Product – (Exoskeletons and Therapeutic/ Assistive), Extremity- (Upper Extremity and Lower Extremity), Therapy Type (Limb Mobility, Gait and Sensory), Patient Type (Adult and Paediatric), Application (Neurorehabilitation, Physical Rehabilitation and Others) and End User (Hospitals, Wellness Centers, Rehabilitation Centers and Homecare) 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. Click here to learn more about how we zero in on the critical aspects of this industry.

Medical Rehabilitation Robotics Market By Category

Product:

• Exoskeletons
• Therapeutic/ Assistive

Therapy Type:

• Limb Mobility
• Gait
• Sensory

Extremity:

• Upper Extremity
• Lower Extremity

Patient Type:

• Adults
• Paediatric

Application:

• Neurorehabilitation
• Physical Rehabilitation
• Others

End User:

• Hospitals
• Wellness Centers
• Rehabilitation Centers
• Homecare

Region:

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

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 9-years.

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According to a recent study by Future Market Insights (FMI), the nasal antihistamines market is expected to witness steady growth during the forecast period. The market valuation is expected to increase from US$ 1.89 Bn in 2020 to over US$ 3.08 Bn by 2031. This reflects a cumulative CAGR of around 3.1% over the forecast period (2021-2031).

[200 Pages Report] The market is set to expand due to frequent mutations in the virus that may lead to further outbreaks. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the COVID-19, besides offering effective patient care.

Some of the leading players in the Americas COVID-19 testing market include but are not limited to Sky Medical Supplies & Equipment LLC., Sugentech, Inc., Novacyt Group, Aurora Instruments Ltd., PRIMA Lab SA, SD Biosensor, INC., Gold Standard Diagnostics, Eurofins Technologies, Biomerieux SA, and Danaher.

According to Future Market Insights (FMI), the demand for COVID-19 testing is expected to reach a valuation of US$ 4,507.8 Mn in the Americas by the end of 2021. The pandemic is spreading on a global scale at a very high pace. It can cause various health concerns including cardiovascular diseases, kidney failure, and more.

Emerging applications of microneedle drug delivery systems are expected to fuel their demand over the next decade. According to a recent report published by Future Market Insights (FMI), the global microneedle drug delivery systems market will grow at a CAGR of 6.6% between 2020 and 2030. The market is witnessing surging demand in the field of pharmacy and cosmetics.

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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Government initiatives undertaken to spread awareness about women health and menstrual hygiene, besides brand consolidation strategies by leading producers and the adoption of modern lifestyles by women will push feminine hygiene products sales in the coming years.

According to the recent Future Market Insights (FMI) report, the global feminine hygiene products market value is estimated to surpass US$ 27.6 Bn in 2021, with a CAGR of 7.0% during the forecast period (2021-2031).

Around 49% of the global population is female and nearly 65% of them are aged between 15 and 65 years, thereby indicating a significant opportunity for manufacturers of feminine hygiene products.

Government organizations are focusing on women’s health and hygiene with the help of launch of various awareness programs and funding activities. These programs include detailed education about menstruation, puberty, and the advantages and health benefits of using hygiene products.

They are also providing sanitation kits to girls studying in government schools and colleges in rural areas, particularly in developing economies around the globe. For instance, in 2017, the Department of Education in KwaZulu-Natal (KZN) of South Africa set aside Rs 50 million to fund the distribution of sanitary towels and napkins to various schools in the region.

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Additionally, rising female populations in countries such as India, Ghana, and Nigeria will create lucrative opportunities. Concerns regarding disposal, have resulted in the introduction of reusable menstrual cups. These cups are made from medical grade silicon or latex and cost between US$ 20 and US$ 50 per pack and can last for nearly five years. Such innovations will give tailwinds to growth registered in the market.

The impact of the ongoing COVID-19 pandemic on production of feminine products has been negligible despite short term disruptions of transportation and logistics.

Key Takeaways from Feminine Hygiene Products Market Study

• Sanitary napkins are the largest and fastest growing segment accounting for nearly half of the market by 2031, with a CAGR of over 8%.
• Supermarket are projected to account for over 22% of the global market by 2031. This is attributed to robust supply channels for consumer health products.
• East Asia is the largest revenue-generating region for feminine hygiene products, with the China accounting for nearly 81% of the regional market in 2021.
• Germany holds the lead in Europe, and is expected to accounting for over 18% of the market in 2031.
• South Asia is the second most lucrative market after East Asia with India accounting for over 75% of the value share in 2031.

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Who is Winning?

Some of the leading manufacturers of the feminine hygiene products market are focusing on mergers and acquisitions for global expansion. Thus, enhancing their market presence.

The key market players covered by FMI include Procter and Gamble, Johnson and Johnson, the Kimberly-Clark Corporation, Svenska Cellulosa Aktiebolaget SCA, Sanofi S.A, Lil-lets UK Limited, Ontex, Unicharm Corporation, Diva International Inc., and Edgewell Personal Care.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Feminine Hygiene Products Market by Category

Product type:

• Sanitary Napkins
• Tampons
• Menstrual Cup
• Panty liners
• Feminine Hygiene Wash

Distribution Channel:

• Hypermarket
• Supermarket
• Convenience Stores
• Department Stores
• Retail Pharmacies
• Online Purchase

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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