Pet Apparel Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The global pet apparel market is estimated to expand at a CAGR of over 5.0% throughout the forecast period of 2022-2032, to be valued at US$ ~7.0 Bn by the end of 2032.

The higher pet adoption from dogs to cats and all the other kinds. With the higher number of pet-based community fests, pet apparel companies have started coming up with new creative designs that fuel the sales of pet apparel.

The increased humanization of pets, such as dogs and cats, can be linked to the expansion of the global industry for pet couture. The increase in the number of pet adoptions around the world is a major element driving the growth of the pet clothing market.

The advent of premium pet attire through collaborations with well-known fashion labels such as H&M and Ralph Lauren is propelling the sector forward and pushing the demand for pet apparel.

Furthermore, the industry is experiencing an upward trend due to the advent of pet fashion influencers, small company owners, and product design advances, all of which are influenced by social media. For example, Boobie Billie, the stylish Instagram dog, has launched a high-end fashion brand.

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The presence of non-profit organizations dedicated to animal welfare might be credited with the market’s rise. The demand for dog and animal clothes from shelters, animal protection organizations, and communities concerned about stray animals is boosting market growth and expanding the pet apparel market size. The market for pet apparel is steadily developing, thanks to increased knowledge of animal health and pet adoption.

Key Takeaways from the Pet Car Seat Market Study

  • US is considered as a lucrative market for pet apparel and is expected to grow at CAGR of ~4.0%. The associated company’s recent introduction of pet apparel marketing is expected to attract individuals to purchase pet apparel goods.
  • The pet apparel market in India is expected to grow at a CAGR of ~5.0%. India’s pet population is estimated to be between 28 and 29 million, with dogs accounting for the majority of pet ownership.
  • By product type, the shirts and tops sector is likely to hold a significant proportion of the market, owing to an increased preference for vital apparels to calm pets from nervousness caused by cold and fireworks.
  • By pet type, the dog segment is expected to dominate the market in terms of pet type. This is due to an increase in spending on various dog supplies and necessities like as toys, clothes, and other items.

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“In the coming years, rising concerns about pet care, the launch of enhanced premium pet apparel, and increased health expenditure on pets are all expected to boost demand for pet apparel market.” says an FMI analyst.

Impact of COVID-19 on the Market

The unpredictability of the Covid-19 shutdown limitations forced the closure of pet specialty stores in numerous nations around the world. This is predicted to have a negative impact on product sales around the world. However, increasing consumer habits toward purchasing garments through e-commerce outlets in order to avoid coronavirus infection during a pandemic are predicted to boost demand for pet clothing globally.

For example, Chewy, a U.S. supplier of animal grooming and wardrobe products, reported a rise in online sales in April 2020. As a result of this consistent purchase habit, the market is likely to thrive following the Covid 19 pandemic.

Who is winning?

Leading manufacturers of pet car seat are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of pet car seat globally.

Major players present in the pet car seat market Pet Factory Company, ABO Gear, Body Glove Pet, Good2Go, Hip Doggie, Moshiqa, Petstock, Hunter International GmbH, Insect Shield, MILK&PEPPER, Bedhead Pajamas Inc. among others.

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Recent Market Development

In 2021, Major Dog Clothing launched their first Australian-made and designed collection of canine apparel to support local jobs and transparent manufacturing

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Future Market Insights, in its new offering, provides an unbiased analysis of the global pet car seat market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet car seat market based on the product type (coats, jackets, sweaters & hoodies, & others), pet type (dogs, cats & others), material type (cotton, polyester, Lenin & others) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.

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Extracorporeal Membrane Oxygenation Machine Market to Display Impressive Growth of 5% with Rising Demand

[311 Pages Report] The extracorporeal membrane oxygenation systems market is progressing steadily with a CAGR of 5% from 2022-2032, as per the extracorporeal membrane oxygenation systems market analysis by Future Market Insights (FMI).

Recent developments in extracorporeal membrane oxygenation systems market innovations such as miniaturization of ECMO components like hollow pumps, which are used in various surgeries, aids in the transportation of critically ill patients, thereby increasing the ECOM systems market size.

As per the ECOM systems market study, the rising use of ECMO has sparked technological advancements in extracorporeal membrane oxygenation machines of which oxygenators and heparin-coated cannulas are two major emerging trends in the ECOM systems market.

The study finds that extracorporeal membrane oxygenation devices are used in life-threatening situations when other forms of supportive care have failed. Furthermore, the use of ECMO in various healthcare settings has increased significantly owing to its wide range of applications.

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The adoption of ECMO procedures is being promoted by several government organizations. One of them is GOLD (Global Initiative for Chronic Obstructive Lung Disease), a campaign that aims to raise awareness about COPD and its treatment, which includes the use of ECMO oxygen machine thereby positively influencing the ECMO systems adoption trends.

The sudden spike in COVID-19 cases, combined with an increase in the number of critically ill patients requiring additional life support, has pushed up demand for ECMO machines. For patients with severe acute respiratory distress syndrome, extracorporeal membrane oxygenation therapy has been the preferred treatment option.

An increasing number of supportive government policies and the rapid FDA approval of extracorporeal membrane oxygenation equipment for emergency use have significantly increased the ECOM systems market opportunities.

Moreover, several companies are scaling up ECOM systems’ market share by expanding their manufacturing capabilities to meet the rising demand for assistive technologies.

On account of the factors mentioned above, the ECOM systems market is predicted to muster a revenue of about US$ 673 Mn by 2026.

Key Takeaways:

  • By application, high demand for early diagnosis and diagnostic imaging, and technological advancements in the extracorporeal membrane oxygenation machine market are expected to propel the respiratory segment to the top.
  • The arterio-venous segment is likely to hold the majority of the market based on modality owing to the benefits associated with this technology segment, such as effective dynamic range, thereby boosting the ECMO systems market growth.
  • Based on patient type, the adult segment is projected to lead the market as the global burden of cardiac and respiratory diseases in adults is rising due to increased consumption of alcohol, tobacco, smoking, and a sedentary lifestyle.
  • Based on components, the controller’s segment is expected to dominate the market, and the same can be credited to the systems’ higher adoption among end-users as a result of their lower cost when compared to others.
  • The portable ECMO machine segment is expected to dominate the market by product type. They are lightweight and portable, allowing them to be transported to any desired location, influencing the ECMO systems market future trends.

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“North American market is anticipated to be at the forefront of the ECMO systems market because of the presence of key players and the rising number of product launches, government support for high-quality healthcare which is also considered to be a few crucial ECMO systems market trends and the rising prevalence of diseases in the United States and Canada, such as chronic obstructive pulmonary disease resulting in increased hospital admission favoured by reimbursement policies, is expected to boost the sales of ECMO systems in this region.” asserts an FMI analyst.

Competitive Landscape: Companies like Abbott Laboratories, Medtronic, Alung Technologies, and Terumo Corporation dominate the global market.

Major global players produce the majority of ECMO support systems. Market leaders have established their position by investing more in research and having a better distribution system.

To stay competitive in the market, extracorporeal membrane oxygenation machines manufacturers are actively involved in product launches and technological innovation.

  • ALung Technologies, Inc. has begun commercialization of its ground-breaking next-generation artificial lung. The device is based on University of Pittsburgh intellectual property licensed to ALung Technologies, Inc.
  • Medtronic has released its artificial lung therapy for the treatment of COVID-19. An artificial pump that pumps blood from a person’s body to an oxygenator is called ECMO, and it also has an FDA-approved device for ECMO procedures lasting up to 6 hours.

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Key Segments By Product:

  • ECMO Machines
    • Portable Devices
    • Static Devices
  • Software

By Service Type:

  • Application
  • Middleware
  • Infrastructure

By Component:

  • Pumps
  • Oxygenators
  • Controllers
  • Cannul
  • Assessories

By Modality:

  • Veno-Venous
  • Veno-Arterials
  • Arterio-Venous

By Patient Type:

  • Neonates
  • Pediatrics
  • Adults

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape

Veno-Venous Extracorporeal Life Support (VV ECLS) Devices Market

Membrane Filter Cartridge Market

Membrane Microfiltration Market

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Vaccines Market size is projected to reach US$ 120 Billion by 2032 – Comprehensive Research Report by FMI

[332 Pages Report] The global vaccines market size is expected to reach US$ 120 Bn by 2032, growing at a 10% CAGR over the forecast period. The advent of existing and re-emerging infectious diseases, expanding industry reforms to promote vaccine R&D, growing public funding for developing drugs, and increasing immunization emphasis are all driving the growth of vaccines.

Attributes Details
 Vaccines Market CAGR (2022 – 2032) 10%
Vaccines Market (2032) US$ 120 Bn
  Vaccines Market Attraction Advanced technology and cost efficiency are increasing the vaccines market growth.

Experts warn that future pandemics and outbreaks might be even more deadly than COVID-19. Diseases could arise primarily based on pathogens into human, animal, or plant populations for terrorist goals. The expanding presence of infectious diseases will ensure a continuous and growing demand for vaccines in the coming years.

Furthermore, the advent of new diseases will result in increased R&D spending, a robust pipeline, and new vaccination prospects for significant populations.

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Due to their large patient populations and rising disposable incomes, emerging regions such as India, China, and Southeast Asia provides an attractive potential for the vaccination business. Major market companies have been enticed to engage in these economies because of their growth potential.

As per emerging vaccines market trends, various organizations and institutions, such as GAVI, are also working to improve vaccine use in impoverished countries, for example, by distributing vaccines at reasonable prices. As a result, these countries have become vital growth hotspots in the vaccine market.

Another vaccines marketing strategy is the rise in low-cost vaccinations. To expand the reach of immunization programmes in these economies, companies are investing in and focusing on creating inexpensive, low-cost vaccines.

Vaccines have a greater storage and distribution cost than any other pharmaceutical product because they require specific equipment and monitoring systems. Vaccine quality might be harmed by a lack of suitable storage and delivery facilities. As a result, vaccines market share is being stifled by the heavy price of vaccine production and storage.

Key Takeaways:

  • The high prevalence of infectious illnesses, government organizations’ continued growth in vaccine development, market participants’ expanding R&D investments, and mandated reporting are some of the essential drivers propelling the sales for vaccines globally.
  • The substantial proportion of this category in the vaccines market is ascribed to the release of new multivalent vaccines, increased funding by critical players in multivalent vaccine R&D, and technological innovations in multivalent vaccine development.
  • The vaccines market report states that the influenza category is expected to grow fastest. The global consumption of influenza vaccines is supported by rising knowledge of the necessity of influenza vaccination, increased government initiatives to prevent influenza, and more clinical studies.
  • The vaccines market trends state that intramuscular vaccine delivery is expected to grow the fastest. The convenience of intramuscular injection propels the segment, and the fast absorption of vaccines is provided in this way.

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“The high frequency of diseases, increased government immunization campaigns, technological advancements in the vaccine business, a solid vaccine pipeline, and the advent of the COVID-19 pandemic are all factors to consider,” opines an FMI analyst.

Comparative View of Adjacent Vaccines Market

Attributes Vaccines Market Veterinary Vaccines
Market		 COVID-19 Vaccines
Market
CAGR (2022 – 2032) 10% 7% -15%
Market Value (2026) US$ 67 Bn US$ 12 Bn US$ 1.4 Bn
Growth Factor Increasing focus on immunization of the populace to underpin growth. Demand for animal-based plant product generates high adoption of veterinary vaccines. Rising investments towards COVID-19 vaccine development to drive significant growth.
Opportunity Investments from governments to support vaccine development. Increasing initiatives taken by governments to improve animal health creates opportunity for market players. Increasing focus on improving the efficiency of COVID-19 vaccines.
Key Trends Development of vaccines with low response time to get better exposure. Rising focus on technological innovations to offer opportunities. Investment towards R&D activities to underpin opportunities.

Competitive Landscape:

Sanofi (France), Daiichi Sankyo Co., Ltd. (Japan), Merck & Co., Inc. (US), GlaxoSmithKline plc (UK), Johnson & Johnson (US), CSL Limited (Australia), Emergent BioSolutions Inc. (US), Pfizer Inc. (US), and AstraZeneca PLC have the highest market share by the company as highlighted in the global vaccines market report.

  • In August 2021, GlaxoSmithKline plc filed a Biologics License Application (BLA) with the US Food and Drug Administration (FDA) for their investigational vaccine PRIORIX, which seeks authorization to be used against measles, mumps, and rubella (MMR) in the United States. The vaccine was first licensed in Germany and is now approved in more than 100 countries around the world.
  • INOVIO Pharmaceuticals announced in June 2021 that it is expanding its collaboration with Advaccine Biopharmaceuticals Suzhou Co Ltd. to conduct a Phase 3 trial for their investigational COVID-19 DNA vaccine INO-4800, in patients aged 18 and up in several countries, particularly in Latin America and Asia.

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Vaccines Market Key Segments
By Technology:

  • Conjugate Vaccines
  • Inactivated and Subunit Vaccines
  • Live attenuated Vaccines
  • Recombinant Vaccines
  • Toxoid Vaccines
  • Viral Vector Vaccines

By Type:

  • Monovalent Vaccines
  • Multivalent Vaccines

By Route of Administration:

  • Intramuscular & Subcutaneous Administration
  • Oral Administration
  • Other routes (Intranasal, Intradermal and Percutaneous)

By Disease Indication:

  • Influenza
  • Pneumococcal Diseases
  • Combination Vaccines
  • HPV
  • Herpes Zoster
  • Meningococcal Diseases
  • Rotavirus
  • MMR
  • Varicella
  • Hepatitis
  • DTP
  • Polio
  • Covid-19
  • Other Disease Indications (Cancer, Dengue, Tuberculosis, Typhoid, Japanese Encephalitis, Rabies, Yellow Fever, and Allergies)

By End User:

  • Pediatric Vaccines
  • Adult Vaccines

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Leukemia Therapeutics Treatment Market : During the forecast period, the leukemia therapeutics treatment market is expected to record a CAGR of 7.1 per cent to reach a valuation of US$ 17 Bn by 2024, from a valuation of US$ 13 Bn in 2020.

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3D Audio Market is absolute dollar opportunity of nearly US$ 16.2 Bn during 2022-2032

The 3D audio market revenues were estimated at US$ 6.6 Bn in 2021 and is anticipated to grow at a CAGR of 15.3% from 2022-2032, according to a recently published FMI report. By the end of 2032, the market is expected to reach US$ 31.9 Bn.

3D audio market is likely to observe a CAGR of 15.3% in the next ten years, fueled by the growing demand for 3D audio and its applications in a wide range of industries including automobiles, media and entertainment, and gaming. Commercial end-use of 3D audio is expected to garner traction, wherein gaming industry is expected to be pivotal towards the revenue expansion.

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Key Takeaways from the Market Study

  • Global 3D audio market is expected to reach a market size of US$ 31.9 Bn by 2032.
  • In 2022, market value of 3D audio software is estimated at US$ 4.6 Bn.
  • Software also shows the highest potential for growth in the components segment. The segment is expected to grow at a CAGR of about 14.0% from 2022- 2032.
  • China, the key market is expected to hold the prominent market share and grow at a CAGR of 15.8% during 2022 – 2032.

Who is winning?

Some of the key players present in the 3D audio market are 3D Sound Labs, Auro Technologies Inc, Dolby Labs, Hooke Audio, dearVR, Fraunhofer, Sennheiser electronic GmbH & Co., VisiSonics Corporation, Google, and Waves Audio Ltd. among others.

A number of regional and global players operate in this market. These companies compete based on the innovation of their products, their quality, their brand reputation, and their market presence in order to sell their products through various industries. A variety of strategies are being employed by companies to remain competitive.

  • In Mar 2022, Sennheiser announce that it will focus on professional audio business. The company is confirmed expansion of their portfolio in pro audio and business communication unit.
  • In Feb 2022, Dolby Laboratories acquired Millicast, a developer platform providing ultra-low latency video streaming capabilities at a scale to massive audience.
  • In Feb 2022, Dear Reality released latest monitoring plugin dearRV MIX which suits for all professional studio headphones. It will strengthen the portfolio of the company technologically.
  • In Dec 2021, VisiSonics partnered with University of Maryland to pioneer 3D audiogram technology. It will have a wide range of application in gaming and military headsets.

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Get Valuable Insights into 3D Audio Market 

Future Market Insights, in its new offering, provides an unbiased analysis of the global 3D audio market, presenting historical demand data (2015-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the 3D audio market based on by Components (Hardware, Software, Services), by End-use (Personal/in-house, Commercial) across five regions (North America, South America, Europe, Asia Pacific and Middle East & Africa).

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Point-of-care Molecular Diagnostics Market is projected significant CAGR of 8% from 2022-2032

[321 Pages Report] Per the point-of-care molecular diagnostics market survey by Future Market Insights (FMI), the market is forecasted to move forward at an average pace and register a CAGR of 8% from 2022 to 2032.

Many current POC diagnostics are based on lateral flow immunoassay technology, and these instruments use antibodies to detect the presence of an analyte, such as cancer biomarkers, in a short period and thus, having the effect of spurring the point-of-care molecular diagnostics market growth to a large extent.

As per the point-of-care molecular diagnostics market report, the demand for point-of-care molecular diagnostics is on a surge owing to the growing trend toward preventive medicine. This is considered to shape the point-of-care molecular diagnostics future trends to a large extent.

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According to United Nations data, the number of older adults has steadily increased for decades. As a result of this demographic shift, the prevalence of various chronic diseases is rising, thereby facilitating the adoption of point-of-care molecular diagnostics devices.

The study finds that current cancer diagnostic methods are invasive (for example, cystoscopy, which involves inserting a hollow tube/cystoscope installed with a lens into the urethra and bladder to diagnose cancer). However, less invasive methods, such as point-of-care molecular tests, can be available for point-of-care cancer diagnostics, broadening the point-of-care molecular diagnostics opportunities.

Though most of the industries’ overall sales of molecular diagnostics dwindled steeply due to the COVID-19 pandemic and the use of molecular diagnostic methods for COVID-19 testing, it had a positive impact on the point-of-care molecular diagnostics market size.

As countries gradually slacken their restrictions on movement, there is a resurgence in testing numbers. Aside from vaccines and therapeutic drugs, there is an increasing demand for the development of more precise and simple testing technologies and the expansion of testing structures.

Thus, point-of-care molecular diagnostics companies have made strategic decisions to introduce POC rapid tests, maintain revenue, and mitigate COVID-19’s impact on their operational capabilities. This point-of-care molecular diagnostics market trend is expected to continue in the coming years.

Aside from cancer in the elderly, respiratory diseases in children and adults are becoming one of the top five causes of death. However, as per Pfizer, there are currently no RSV immunization options available, although many vaccines are still in clinical trials.

People are dying due to this since they are unaware of the available treatment. Thus, the prevalence of point-of-care molecular diagnostic tests plays a vital role in quick analysis and, as a result, in providing patients with immediate treatment.

The point-of-care molecular diagnostics market is predicted to muster a total revenue of around US$ 4 Bn by 2026 on account of the abovementioned factors.

Key Takeaways

  • The assays and kits segment is expected to account for a significant chunk of the POC molecular diagnostics market based on the product type. The market growth of this segment is being driven by the widespread purchase of these products’ POC diagnostic devices as a result of their frequent usage.
  • The RT-PCR segment is expected to dominate the point-of-care molecular diagnostics market in terms of technology, owing to the increasing use of RT-PCR in proteomics, genomics, and COVID-19 testing and the availability of portable, easy-to-use POC devices.
  • The respiratory diseases segment is projected to lead the POC molecular diagnostics market on account of the shift of concentration by key players on various strategies for developing advanced point-of-care diagnostics devices.
  • By end-use, the hospital bedside segment is expected to witness the most significant point-of-care molecular diagnostics market share due to the rising adoption of advanced instruments in these settings and rapid investments in hospital infrastructure by the public and private sectors in emerging countries.
  • The Asia Pacific region is expected to proliferate due to the expansion of key market players, a lack of sophisticated central laboratory point-of-care molecular testing services, and the potential cost-effectiveness of POC molecular diagnosis.

“The North American market is expected to be at the forefront of the point-of-care molecular diagnostics market, attributable to the United States’ emerging trends in point-of-care molecular diagnostics market such as well-organized health-care system. In addition, the system promotes research and development. These policies encourage foreign players to enter the United States and the North American market. As a result, many global market players are present in this region, and the market is projected to flourish as high demand is met by the presence of global players in the region.” opines an FMI researcher.

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Competitive Landscape

The top point-of-care diagnostics companies are developing most point-of-care molecular diagnostic tests and have established their market position by investing more in research and developing a better distribution system.

The entry of new players challenges the semi-consolidated market and may result in intense competition during the forecast period.

Furthermore, due to increased awareness, the Asia-Pacific region is seeing the emergence of some minor players, which aided the point-of-care molecular diagnostics market growth.

LLC. (US), Danaher Corporation (US), Alere Inc. (US), Quidel Corporation (US), Biocartis Group NV (Belgium), bioMérieux SA (France), Thermo Fisher Scientific (US), Mesa Biotech Inc. (US), F. Hoffmann-La Roche Ltd., and Meridian Bioscience Inc. (US) are the critical point-of-care diagnostic companies profiled in the global POC molecular diagnostics market.

Recent developments in the point-of-care molecular diagnostics market are as follows:

  • The World Health Organization (WHO), Africa Centers for Disease Control and Prevention (Africa CDC), the Bill & Melinda Gates Foundation, the Clinton Health Access Initiative (CHAI), the Foundation for Innovative New Diagnostics (FIND), and the Global Fund constituted a global partnership. Today, the organization announced the launch of the COVID-19 rapid test in low and middle-income countries.
  • Mylab Discovery Solutions has collaborated with Hemex Health, the United States company, to develop next-generation diagnostic solutions for coronavirus and another point-of-care diagnostic testing.

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Point-of-care Molecular Diagnostics Market Key Segments

By Product & Service:

  • Assays & kits
  • Instruments & Analyzers
  • Software & Services

By Technology:

  • RT-PCR
  • INAAT
  • Other technologies

By Application:

  • Respiratory Diseases
  • Sexually Transmitted Diseases
  • Hospital-acquired Infections
  • Cancer
  • Hepatitis
  • Gastrointestinal Disorders
  • Other Applications

By End User:

  • Physicians’ Offices
  • Hospitals & ICUs
  • Research Institutes
  • Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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

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Sepsis Diagnostics Market is projected to expand at a 9% CAGR by 2032 | FMI

[341 Pages Report] According to a recent analysis from Future Market Insights, the global sepsis diagnostics market size is predicted to reach US$ 1.3 billion by 2032. Furthermore, it is expected to grow at a CAGR of 9% throughout the projection period. Over the projected period, the increased prevalence of sepsis, the development of technologically enhanced diagnostic methods, and growing government programs are expected to increase the number of active sepsis diagnostics companies.

The sector is booming due to increased demand for antibiotic-resistant bacterial strains, an ageing population, and a high prevalence of hospital-acquired infection. Additionally, a spike in the proportion of product approvals for sepsis diagnosis is expected to promote demand for sepsis diagnostics.

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However, factors such as a lack of experienced specialists for diagnosing sepsis, a lack of knowledge, and the adoption of conventional processes during antibiotic production hamper the sales of sepsis diagnostic.

Owing to the rise in newborn umbilical cord infection occurrences and the number of surgical procedures in these countries, developing markets provide a positive outlook for sepsis diagnostics.

HAIs, also known as nosocomial infections, are a leading source of morbidity and mortality in hospitals around the world. Urinary tract infections, pneumonia, and sepsis are the most frequent hospital-acquired infections (HAIs). In addition, in immunocompromised individuals, aged patients, and people with chronic conditions, HAIs can cause sepsis. Because of the significant rise in HAIs around the world, demand for sepsis diagnostic devices is projected to expand in the future years.

Sepsis is a complex condition to detect, and even a one-minute delay in antibiotic delivery increases the chance of death by 7.6% in septic shock patients with hypertension. As a result of the emerging trends in the sepsis diagnostics market, there is a greater need for quick sepsis detection to avoid antibiotic therapy delays in sepsis patients.

Many sepsis diagnostic companies are growing their product offerings in point-of-care technologies, which can quickly identify sepsis, cut down on diagnosis time, and improve life expectancy after sepsis.

The global sepsis diagnostics market is predicted to reach US$ US$ 770 Mn by 2026.

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Key Takeaways

  • Attributed to the presence of a larger consumer population in developing markets such as India and China, the Asia Pacific region of rapid sepsis diagnostics is expected to grow profitably over the forecast period.
  • The global sepsis diagnostics market adoption trends indicate North America is likely to generate more than $200 million in revenue by the end of 2026. The sepsis diagnostics companies in the region are growing due to well-established healthcare infrastructure and increased usage of innovative products. Septic poisoning is also one of the leading causes of death in the United States.
  • As per the sepsis diagnostics market analysis, microbiology technology is likely to gain traction. Microbiology is expected to generate more than $200 million in income by 2026.
  • By product, the sepsis diagnostics market opportunities are divided into blood culture media, assays & reagent kits, devices, and software. The blood culture media segment held the most significant market share during the forecast period. This growth can be ascribed to a rise in blood culture media as a sepsis diagnostics device.

“Sepsis diagnostics device are expensive, limiting the growth of this industry. Additionally, in certain countries, there are no clear guidelines for the treatment of sepsis, and there is a lack of awareness about the repercussions of sepsis if it is not treated effectively.”

Competitive LandscapeOrganizations in the global quality articulation market are consolidating and acquiring systems to gain a competitive advantage and generate significant profits. On the other hand, some players benefit from significant new work systems to gain a competitive advantage in the sepsis diagnostics market statistics.

  • Cytovale Inc. and the Biomedical Advanced Research and Development Authority, or BARDA, announced cooperation in April 2020 to increase the use of Cytovale’s Rapid Sepsis Diagnostic System for identifying sepsis in patients with probable respiratory infections, such as COVID-19.
  • Immunexpress announced a quick SeptiCyte, a one-hour molecular diagnostic test for sepsis, on Biocartis’ Idylla platform in Europe in October 2020. This is one of the first deeply integrated, immune response-based diagnostics to help clinicians diagnose sepsis and sepsis diagnostics market analysis.

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Key Segments

By Product:

  • Blood Culture Media
  • Assays & Reagents
  • Instruments, and Software

By Technology:

  • Blood Culture
  • Immunoassays
  • Molecular Diagnostics
  • Flow Cytometry
  • Microfluidics
  • Biomarkers

By Method:

  • Automated Diagnostics
  • Conventional Diagnostics

By Pathogen:

  • Bacterial Sepsis
  • Fungal Sepsis
  • Viral Sepsis
  • Others

By Test Type:

  • Laboratory Tests
  • Point-of-Care Tests

By End User:

  • Hospitals and Specialty Clinics
  • Pathology & Reference Laboratories
  • Research Laboratories & Academic Institutes

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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Home Infusion Therapy Devices Market is projected to total US$ 3.8 Billion by the end of 2031

According to a recent study by Future Market Insights (FMI), sales of home infusion therapy devices are expected to top US$ 2.0 Bn in 2021, growing at a CAGR of over 6.5% during the forecast period (2021-2031).

Home infusion therapy devices are used for the intravenous administration of medicines. It is commonly prescribed for patients with serious infections and specialized diseases when orally administered medicines are not or comparatively less effective.

Application of home infusion therapy devices is increasing with the rising number of surgeries conducted across the globe. Post-surgery pain management at home can be done with the help of home infusion therapy devices.

Besides this, rising healthcare expenditure and growing awareness regarding the risk and infection amidst the outbreak of COVID-19 is driving the demand of home infusion therapy devices.

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Key Takeaways from Home Infusion Therapy Devices Market Study

  • By product type, infusion system accessories will hold around 45% of value share globally.
  • Based on the application, antibiotic administration is leading with over 34% of the market share.
  • Home care settings sales will dominate the home infusion therapy devices, with a market share of 65% during the forecast period.
  • By region, the U.S. will dominate the global home infusion therapy devices market with a value share of around 37% during the forecast period.
  • Followed by North America, Europe will be the second-largest leading region, with a value share of 93.2% during the forecast period.
  • India is the dominant country in term of revenue for South Asia Home infusion therapy devices market, accounting for nearly 48% of market share in 2021.
  • China holds leading position in East Asia and is expected to account for nearly 52% of market share.

“Growing prevalence of chronic diseases such as diabetes and cancer in the midst of COVID-19 pandemic and high risk of infection across hospitals encouraged key players to invest in new product launches. This is expected to enable growth in the market in the coming years” says a FMI Analyst.

Who is Winning?

Key players are focusing on new product launches and approvals. Other growth strategies adopted by leading players include, agreements, and collaborations among key manufacturers. By focusing on these strategies, key players are expanding their geographic presence and strengthening their existing product portfolio.

For instance,

  • In June 2019, Baxter International Inc. announced that Myxredlin that is the first and only ready-to-use insulin for IV infusion get the US FDA approval.
  • In Jan 2019, Fresenius Kabi AG launched two colourful bags via white spiral cables to supply the nutrient solution for parenteral nutrition.
  • In April 2017, B. Braun Melsungen AG announced the launch of home infusion therapy App named Easypump® for healthcare professionals and patients.

The key market players profiled by FMI include Becton, Diciknson & Company, B.Braun Melsungen AG, Baxter International, Fresenius Kabi, Terumo Corporation, ICU Medical, Nipro Corporation, Smiths Medical, Micrel Medical Devices SA, Moog Inc., JMS Co.Ltd., Intera Oncology, and Others Top-up.

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Home Infusion Therapy Devices Market by Category By Product Type:

  • Disposable Elastomeric Pumps
  • Insulin Pumps
  • PCA Pumps
  • Electronic Ambulatory Pumps
  • Infusion System Accessories

By Applications:

  • Enteral Nutrition
  • Parenteral Nutrition
  • Chemotherapy
  • Antibiotic Administration
  • Others

By End User:

  • Home Care Settings
  • Long Term Care Centers

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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Insulin Pens Market is rising at a CAGR of 4.4% during forecast period by 2031 | FMI

According to Future Market Insights (FMI), the demand for insulin pens is expected to rise considerably in the coming decade, enabling the market to surpass a valuation of US$ 30,407.5 Mn by the end of 2021.

Insulin pens are used by diabetes patients to avoid problems including cardiovascular diseases that may arise from this lifestyle-based ailment. To overcome problems related to conventional methods of insulin administration, insulin pens make the process easier and faster.

According to the WHO, approximately 1.2 million deaths were caused due to diabetes in 2019 globally. To reduce the number of deaths or sufferings due to diabetes, the development of innovative techniques and products for the treatment and maintenance of diabetes is essential.

Type 2 diabetes cases are common, but it can be prevented or delayed by a healthy diet, consistent physical activity, maintaining a standard body weight and avoiding the use of tobacco. Diabetes can be treated or managed with medicines and regular checking and treatment. Increasing focus on innovative medical products and research are increasingly driving a transition towards insulin pen by diabetes patients.

Leading manufacturers in the insulin pen market are strengthening their market position through collaborations with various health and research organizations. Governments in developed and developing countries are actively taking initiatives to encourage innovative medical products.

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For instance, in November 2020, Medtronic introduced CGM integrated smart insulin delivery pen to manage multiple daily dosage insulin injections. Similarly, Insulet expanded its offering of OmipodDASH into additional countries such as Sweden, Finland, Norway, and Denmark.

Key Takeaways from Insulin Pen Services Market Study

  • Reusable insulin pens are expected to account for over 49% the global market share by 2031, supported by a growing base of environment and cost-conscious consumers.
  • Hospital pharmacies will account for 33.8% of the market share in 2031. The soaring influx of patients for treatment and intensive care support supports growth.
  • The U.S. is projected to be the fastest-growing regional market with a CAGR of 5.6% through 2021-2031 owing to the matured healthcare sector of the country.
  • The U.K. and Germany are leading markets in Europe, accounting for more than 18% and 25% in 2021.
  • China is the largest and fastest growing market in East Asia, exhibiting a 4.7% CAGR through 2031.
  • Australia is leading the Oceania market, accounting for more than 85% of insulin pen revenues in 2021.

Who is Winning?

The global insulin pen market is set to expand due to the rising prevalence of type 1 and type 2 diabetes. Leading organizations within the market are set to focus on research and development to offer an early and precise diagnosis of the ailment, besides offering effective patient care.

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Some of the leading players in the insulin pen market include but are not limited to NovoNordisk A/S, Sanofi, Eli Lilly, Diamesco Co., Ltd., BigFoot Biomedical, Inc, Medtronic plc, Emperra GmbH E-Health Technologies, YpsoMed AG, and DUKADA Aps.

Insulin Pens Market by Category

By Product Type:

  • Reusable Insulin Pen
  • Refillable Pens
  • Bluetooth Connected Smart Insulin Pen
  • USB Connected Smart Insulin Pen
  • Cartridge
  • Disposable Insulin Pens
  • Smart Insulin Pens Caps
  • Insulin Pump

By Indication:

  • Type 1
  • Type 2

Distribution Channel:

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Sales
  • Diabetes Clinic/Center

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South 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 10-years.

Contact:

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Cognitive Computing Market is anticipated to reach US$ 3.2 Trillion in 2032

According to a recent study done by FMI, the cognitive computing market is expected to reach US$ 3.2 Trillion by 2032, up from US$ 257.1 Billion in 2022, expanding at a high CAGR of 28.7%.

This study explains that the key factors such as the rise in big data analytics, developments of machine-to-machine technologies, and an increase in demand for a better customer experience are expected to propel the market growth during the forecast period.

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Rising concerns among all the major business organizations about analyzing large volumes of data, to estimate the risk associated with any strategic initiative is spurring adoption of cognitive computing.

Additionally, there is an increase in the demand for cognitive systems in large organizations and this is expected to increase in SMBs owing to cloud-based services. As cloud-based deployment decreases the cost of deploying cognitive computing in the organization, there is a subsequent rise in the overall demand for cloud-based services.

Besides, rise in big data analytics adoption, developments of machine-to-machine technologies, and an increase in demand for a better customer experience. In addition, industries such as BFSI, social websites, healthcare, and e-commerce have witnessed a rapid increase in transaction information and customer data. The aforementioned are factors expected to drive the growth of the market in the coming years.

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Key Takeaways from the Market Study

  • Global cognitive computing market was valued at US$ 257.1 Billion by 2022-end
  • The U.S to account for the highest value share of US$ 27.4 Billion of global market demand for cognitive computing market in 2032
  • From 2015 to 2021, cognitive computing demand expanded at a CAGR of 39.3%
  • By Deployment, the cloud category constitutes the bulk of cognitive computing market with a CAGR of 30.1%

Competitive Landscape
Players in the global Cognitive Computing Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships.

The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In May 2020, Udacity, a virtual learning tutoring service, has announced the launch of a new AI healthcare plan. According to the digital educator, the new AI course teaches students about the use of AI in electronic health records, medical image processing, and other regions.
  • In December 2019, Accenture Inc., based in Ireland, has acquired Clarity Insights, deep data analytics and machine learning firm based in the United States, to enhance AI.
  • In September 2019, Schlumberger, Chevron, and Microsoft announced a partnership to accelerate new technologies. This collaboration was carried out in three stages, initiating with the adoption of the Petro technical Suite in the DELFI environment, achieved through the development of cloud-native applications on Azure, and subsequently with the co-innovation of a suite for cognitive computer processing native abilities.

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 A list of Key Players Covered in the Cognitive Computing Market are:

  • 3M
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • International Business Machines Corporation
  • Microsoft Corporation
  • Nuance Communications, Inc.
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Tibco Software Inc.

Know More About What the Cognitive Computing Market Repost Covers
Future Market Insights offers an unbiased analysis of the global Cognitive Computing Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered In The Cognitive Computing Market Report

Cognitive Computing by Deployment:

  • On-Premise Cognitive Computing
  • Cloud Cognitive Computing

Cognitive Computing by Application:

  • Cognitive Computing in Diagnostic APIs
  • Cognitive Computing in Robots
  • Cognitive Computing in Cyber Security
  • Cognitive Computing in Farm Mechanization
  • Cognitive Computing in Social Media Monitoring
  • Cognitive Computing in Self-Driving Cars
  • Cognitive Computing in Gaming
  • Cognitive Computing in Video Surveillance
  • Cognitive Computing in e-Learning
  • Cognitive Computing in IT Infrastructure Management
  • Cognitive Computing in Supply Chain Management
  • Cognitive Computing in Other Application Areas

Cognitive Computing by Industry:

  • Cognitive Computing for Healthcare
  • Cognitive Computing for BFSI
  • Cognitive Computing for IT and Telecom
  • Cognitive Computing for Manufacturing
  • Cognitive Computing for Energy & Utility
  • Cognitive Computing for Retail
  • Cognitive Computing for Aerospace & Defense
  • Cognitive Computing for Government
  • Cognitive Computing for Transportation
  • Cognitive Computing for Agriculture
  • Cognitive Computing for Media & Entertainment
  • Cognitive Computing for Education
  • Cognitive Computing for Other Industries (HR, Marketing & PR, etc.)

Cognitive Computing by End User:

  • Cognitive Computing in Large Enterprises
  • Cognitive Computing in Small and Medium Enterprises (SMEs)
  • Cognitive Computing in Public Sector

Cognitive Computing by Region:

  • North America Cognitive Computing Market
  • South America Cognitive Computing Market
  • Europe Cognitive Computing Market
  • Asia Pacific Cognitive Computing Market
  • Middle East and Africa Cognitive Computing Market

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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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Feminine Hygiene Products Market is likely to surpass US$ 54,189.6 Mn by 2031

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.

Contact:

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