Pet Perfume Market Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2032

The pet perfume market size is estimated at US$ 1.4 Billion in 2022. Sales are projected to increase at a 5% CAGR, with the pet perfume market size reaching US$ 1.6 Billion by 2032.

Initially, pet perfumes were based on gender, but the idea of a gender-neutral product is starting to emerge as one of the key opportunities and trends in the pet perfume market. The availability of pet perfumes for use on all types of animals has increased demand for these products.

According to the analysis, the adoption of pet colognes has risen quickly because hygiene and health have become more important. To increase the profitability of their brands and drive the market’s future trends, pet perfume manufacturers are implementing customer-oriented strategies. In addition to flower and fruit-based fragrances, they also concentrated on creating organic products free from chemicals like alcohol and parabens.

A consumer primarily judges a product based on its features and its long-lastingness. A substantial number of customers are influenced by brand identity. However, not all of them establish brand constancy. Hence, enterprises must build a strong trademark and strengthen their presence across several channels which escalate the pet perfume market opportunities.

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Customers assess them based on their effectiveness as well. The sales of pet perfume, along with key trends and opportunities in the pet perfume market, will therefore be boosted by products with higher characteristics as they are likely to enjoy better goodwill that will be drawn by better convenience and efficiency.

Considering that e-commerce sites can provide a wide selection of products with unique discounts and prices, consumers are increasingly using them to buy pet grooming supplies. Additionally, even when a product is not offered in a particular region’s pet perfume market, e-commerce websites assist in manufacturing it to the customer’s precise specifications.

Factors such as easy availability of products, convenience, and ease of shopping regardless of geographic conditions help promote the channel to purchase products like pet grooming products surging pet perfume market trends.

Key Takeaways from the Pet Perfume Market Study:

  • North America dominated the pet perfume market in 2021, due to the rising number of new product launches and rising pet grooming trends.
  • East Asian and South Asian countries like China, Malaysia, Thailand, and Indonesia are developing as the largest pet perfume market. Numerous reasons are expected to contribute to the industry, like an increase in the pet population, etc.
  • Most establishments depend on social media platforms including Facebook, Instagram, and YouTube to promote their products as one of the prominent pet perfume market
  • By sales channel, e-commercial/online stores are anticipated to hold a noteworthy pet perfume market share of the sales of pet perfume.

“The pet perfume sector is predicted to benefit from the growing e-commerce industry and also innovated natural products. The growing pet population and the expanding trend of pet grooming are expected to act as a driver for the market’s expansion.”- FMI Analyst said.

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Impact of COVID-19 on the Market

The pet perfume market’s expansion was hampered by the Covid-19 crisis. The COVID-19 pandemic has significantly disrupted the market for pet perfume sales. Industries have noticed a shift in consumer behaviour toward safer and more reliable products as well as a decline in consumer discretionary spending.

In addition, limited raw material availability, labour shortages, and component availability have all had a significant impact on pet perfume market growth. Aside from that, the COVID-19 outbreak has resulted in a significant shift in consumer purchasing behaviour. However, the main producers of pet perfume products are emphasizing their e-Commerce channels as well as supplying at-home goods and consumer engagement on their websites through feedback and online reviews.

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Who is winning?

Leading manufacturers of pet perfume market are focused on aggressive marketing strategies, advertisements, and new product launches that have driven sales of pet perfume as well as pet perfume market growth.

The major manufacturers in the pet perfume market are Mipuchi, Captain Zack, Odo-Rite, Alpha Aromatics, Boltz, Pets Empire, Bodhi Dog, Earth Bath, South Barks, Lambert Kay, Guangzhou Yilong Daily Chemicals Company Ltd, Arm & Hammer, and Nature’s Miracle among others.

Market: Segmentation

By Form Type :

  • Spray
  • Liquid
  • Oil

By Animal Type :

  • Dogs
  • Cats
  • Birds
  • Others

By Price Range :

  • Mass
  • Premium

By Ingredient Type :

  • Alcoholic
  • Non-Alcoholic

By Sales Channels :

  • Veterinary Clinics
  • Online Retailing
  • Wholesalers/ Distributors
  • Supermarkets/Hypermarkets
  • Pharmacy/ Drugstores
  • Convenience Store
  • Pet Specialty Stores
  • Other Sales Channel

By Region :

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

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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Glass Tableware Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The glass tableware market is estimated to reach a valuation of US$ 9.8 Bn in 2022. Sales are projected to increase at a 3.0% CAGR, with the market size reaching US$ 12.8 Bn by 2032.

The use of environmentally friendly, recyclable, and biodegradable products is also driving a shift away from plastic tableware toward glassware. As a result, it is anticipated that demand for glass tableware will increase during the forecast period (2022-2032).

Demand for casual home goods like glass tableware will increase as spending on these items rises. The demand for glass tableware is anticipated to increase due to an increase in the number of households and an increase in per capita income.

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Key Takeaways from the Glass Tableware Market Study

  • Based on product type, the tableware and beverage ware is expected to hold considerable share in the market.
  • In the end-use, the commercial segment is expected to witness positive growth over the assessment period.
  • Europe is expected to dominate the global glass tableware market through 2022 & beyond.
  • In terms of sales channel, the convenience store is anticipated to hold the major market share during the forecast period.

As the tourism industry continues its global expansion, demand for eco-friendly and environmentally sound glass tableware is on the rise. Through 2032 this market will see steady growth with a projected 9% increase per year!

“Expansion of hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely preferred in residential areas apart from commercial areas mainly due to their aesthetic appeal that also contributes towards kitchen decor,” says an FMI analyst.

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Who is winning?

Mergers and acquisitions, as well as product development and innovation, are among the techniques companies are using to increase their market share. Further, companies are coming up with discount offers to gain new customers.

Adding new features and functionality is a major concern for companies. Major players present in the glass tableware market are:

  • Lenox Corporation
  • World Kitchen LLC
  • ARC International S.A.
  • Anchor Hocking LLC
  • Sisecam Group
  • Libbey Inc.
  • Borosil Glass Works Ltd.
  • Bormioli Rocco Group
  • LaOpala R.G. Ltd.
  • Kavalier Glass A.S.
  • Others (as per request)

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Market by Category

By Product Type:

  • Beverage Ware
  • Tableware
  • Baby Bottles
  • Others

By End-Use:

  • Household
  • Commercial

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Convenience Stores
  • Online Retailers
  • Wholesalers & Distributors
  • Other Sales Channels

Disposable Insulin-delivery Device Market is projected to be valued at US$ 14.6 Bn & Grow at a CAGR of 7.7% to be valued at US$ 32.9 Bn During Forecast Period of 2022-32

The global disposable insulin-delivery device market is worth US$ 14.59 Bn as of now and expected to reach US$ 32.89 Bn by the year 2032 at a CAGR of 7.7% between 2022 and 2032.

As per the International Diabetes Federation (IDF), one-tenth of the total population affected by diabetes has Type 1. Moreover, out of these, 10% do not use insulin delivery devices. This factor is bound to offer lucrative opportunities for the growth of disposable insulin-delivery device market in the forecast period.

Out of syringes, pumps, pens, and jet injectors, pens hold the largest market share. They, in fact, account for more than 36% of the overall revenue. This could be reasoned with factors like higher rate of adoption and comprehendible design. On these grounds, NovoPen has been dominating the market. It has memory function as well.

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With disposable insulin-delivery devices, home care has turned out to be a dominant end-user. It holds more than 45% of the market share. This could be credited to the fact that home care saves on hospital fees. The portability on their part is there to add. Future Market Insights, with its team of analysts and consultants, walked through the nitty-gritties of disposable insulin-delivery device market along with insights in its latest market study entitled ‘Disposable Insulin-Delivery Device Market’. Both – micros and macros have been worked upon over here.

Key Takeaways from Disposable Insulin-Delivery Device Market

  • North America holds ~33% of the market share. This could be attributed to increasing incidences of diabetes, feasible government initiatives, and presence of various disposable insulin delivery device manufacturers. As per the CDC, there are more than 37 Mn people affected with diabetes all across the US.
  • Europe holds ~29% of the market share with increase in healthcare infrastructure in several parts of Europe. As of the year 2019, there are more than 32 Mn adults diagnosed with diabetes in the EU.
  • Coming to the Asia-Pacific, growing awareness about diabetes is one of the key factors driving the disposable insulin-delivery device market and the status quo is expected to remain the same even going forward.

Competitive Landscape

  • Abbott, in February 2022, did announce collaboration with Fitterfly, Healthifyme, Zyla Health, 1MG, GOQii, PharmEasy, Sugar.fit, and BeatO as a step toward holistic diabetes management care. Abbott, with the help of the collaborations, offers glucose monitoring solutions to almost 8 Mn diabetic patients, 6.5 Mn users out of which could access through 1MG and PharmEasy.
  • Insulet Corp., in January 2022, announced that the US FDA approved the new-fangled Omnipod 5 system, thereby marking its entry into the universe of AID (automated insulin delivery).
  • Novo Nordisk, in March 2022, announced launching of two smart connected insulin pens called ‘NovoPen Echo Plus’ and ‘NovoPen 6’, which are being made available for patients getting treated with Novo Nordisk insulin in the UK, but on prescription.
  • Sanofi, in November 2021, entered into partnership with Roche for increasing adoption of the disposable insulin pens. Local players are also being approached for improving the market reach.

“A large chunk of population is contracting diabetes, which asks for disposable insulin-delivery devices”, thereby accelerating the market for the same”, says an analyst from Future Market Insights.

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What does the Report have at its discretion?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the disposable insulin-delivery device market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on product type (disposable insulin-delivery pumps, disposable insulin-delivery patches, disposable insulin-delivery pens, and disposable insulin-delivery syringes), by disease indication (type I diabetes and type II diabetes), and by distribution channel (hospital pharmacies, retail pharmacies, online sales, and diabetes clinics).
  • With increase in the number of diabetic patients in wake of obesity, aging, and sedentary lifestyles, the global disposable insulin-delivery device market is all set to create ripples in the healthcare vertical in the years to come.

Key Segments Profiled in the Disposable Insulin-Delivery Device Market

Disposable Insulin-Delivery Device Market by Product Type:

  • Pumps
  • Patches
  • Pens
  • Syringes

Device Market by Disease Indication:

  • Devices for Type I Diabetes
  • Devices for Type II Diabetes

Device Market by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales
  • Diabetes Clinics

Device Market by Region:

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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

To be continued…!

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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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SD-WAN Security Market is expected to reach ~US$ 16.9 Bn by 2032

According to the SD-WAN security industry analysis by Future Market Insights (FMI), the adoption of SD-WAN security market is estimated to grow with a CAGR of 21.2% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 2.4 Bn by the end of 2022. As per FMI, as remote working became more widespread, employees are now required to connect from outside the corporate network. This has in turn fueled the demand for secure and reliable connectivity.

This can be challenging for businesses, as devices are progressively dispersed across multiple locations. Cloud-based services, applications, and platforms also make it strenuous, as employee networks may struggle to meet the scalability, flexibility, and speed of implementation required for daily functions.

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Key Takeaways: SD-WAN Security Market

By solution, the network firewall segment is anticipated to account for the leading share in the global demand for SD-WAN security during the forecast period. However, the DDoS detection and mitigation segment is estimated to grow at a robust CAGR of 21.7% through 2032.

Among the enterprise size, large enterprises segment is estimated to grow by 7.2X during the forecast period.

By Industry, the IT and telecom segment is anticipated to increase at a CAGR of 21.9% between 2022 & 2032.

North America region is dominating SD-WAN security market followed by Europe region in 2022. East Asia is estimated as the fastest growing region during the forecast period.

The market in U.S. is expected to progress at a CAGR of around 21.4% through 2032.

In China, the SD-WAN security market is expected to grow by 6.1x during the forecast period.
SD-WAN security market in India is estimated to witness the absolute $ opportunity of US$ 563.8 Mn during the forecast period.

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Increasing Demand from Enterprises to Improve Network Security

SD-WAN security provides enterprises a single control plane to supervise all networks, comprising data center, multiprotocol label switching and WAN. This strategy will be important as data migrates to multiple clouds and becomes subject to multiple security regimes. With a single view of all networks operations, the enterprise can make sure that security is totally organized across the whole distributed data ecosystem.

Increasing demand for total protection and control against cyber threats is escalating the SD-WAN security market, as SD-WAN security offers smooth and secure direct connectivity to cloud providers and endpoints, enhancing the cloud experience. It offers high levels of security to business, protecting data loss from unwanted intrusions.

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Biomaterials Market is projected to reach US$ 654.4 Billion by 2032 | FMI

[306 Pages Report] The global biomaterials market is expected to reach a market valuation of US$ 156.2 Billion by the year 2022, accelerating with a moderate CAGR of 15.4% by 2022-2032. Biomaterials market size is anticipated to be valued at about US$ 654.4 Billion by 2032 end.

Attributes Value
Biomaterials Market Size (2022) US$ 156.2 Bn
Biomaterials Market Projected Size (2032) US$ 654.4 Bn
Biomaterials Market Value CAGR (2022-2032) 15.4%

The demand for implantable devices is expected to rise as the incidence of cardiovascular disorders, orthopedic replacements, arthritis, and sports injuries increase. Chronic health issues are also brought on by poor habits, inactivity, and an ageing population.  This is changing the biomaterials market outlook.

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As per the biomaterials market analysis, over the past few years, biomaterials have become more in demand and used in a variety of medical applications. Numerous government agencies and academic institutions have offered their assistance by way of investments, finances, and grants to advance study into the creation of innovative biomaterials.

The biomaterials market study indicates that the devices made of biomaterials must go through a rigorous clinical and regulatory process to assure their effectiveness and quality. Because of this, the biomaterials market participants are reluctant to invest in this market. These are the elements that are anticipated to limit the biomaterials market expansion over the prediction period.

The demand for biomaterial-based implants is anticipated to increase due to the increased prevalence of musculoskeletal and chronic skeletal medical disorders, which will fuel biomaterials market expansion. The growing elderly population, who are at a higher risk of osteoarthritis, osteoporosis, and other musculoskeletal problems, is another factor driving up demand for orthopedic implants.

During the anticipated period, the biomaterials market in emerging nations is anticipated to expand significantly. This is mostly due to the growing patient population, rising implanted device usage, more CVD awareness, rising disposable income, improved healthcare infrastructure, and the existence of less strict regulatory rules (in comparison to developed countries) in these countries.

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Key Takeaways from Market Study

  • Due to the broad range of product applications, the polymer product category led the biomaterials market in terms of revenue in 2021 with a share of 28.2 percent and is predicted to maintain its dominance throughout the forecast period.
  • With a revenue share of 23.0 percent in 2021, the orthopaedic application segment dominated the biomaterials market in terms of revenue.
  • Due to the rise in aesthetic surgeries and the use of biomaterials during these operations, the plastic surgery application segment is anticipated to expand significantly over the next several years increasing the sales of
  • Because of several public and private organisations’ initiatives, North America dominated the biomaterials market and had the highest revenue share of 38.2 percent in 2021.
  • During the anticipated period, Europe is anticipated to hold the second-largest biomaterials market share. Market expansion in the region is largely due to key companies launching more cutting-edge items on the market.

Competitive Landscape

The main methods used by the prominent companies to maintain their biomaterials market dominance are the expansion of product portfolios through various new product developments and inorganic growth through acquisition, mergers, and partnerships. Additionally, a focus on strategically growing their global footprint through a network of global distribution channels is expected to provide them a strong foothold in the biomaterials industry.

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Recent Developments in Global Polycarbonate Market

In order to meet the unique requirements and demand for care in ambulatory surgery centres (ASCs) and office-based laboratories, Medtronic and GE Healthcare established a partnership in April 2022. (OBLs). As a result of this new agreement, customers will have access to a wide range of products, financial solutions, and excellent support.

A biomanufacturing platform is being developed by US-based startup Transfoam. The startup’s bioprocess turns plastic waste into totally biodegradable polyhydroxybutyrate using engineered microorganisms (PHB). After disposal, PHB only leaves a small amount of carbon dioxide and water behind. It also has characteristics with conventional single-use plastics. As a result, producers are better equipped to replace single-use plastics and lessen environmental damage, which helps with the shift to a circular economy.

Key Players :

  • Medtronic plc
  • Evonik Industries AG
  • Carpenter Technology Corporation
  • Berkeley Advanced Biomaterials
  • Invibio Ltd.
  • Zimmer Biomet Holdings, Inc.
  • BASF SE
  • Covalon Technologies Ltd.
  • Stryker
  • Johnson & Johnson
  • Dentsply Sirona
  • CoorsTek Inc.
  • Corbion

Biomaterials Market by Segmentation

By Product:

  • Metallic
  • Natural
  • Ceramics
  • Polymers

By Application:

  • Cardiovascular
    • Sensors
    • Stents
    • Guidewires
    • Implantable Cardiac Defibrillators
    • Pacemakers
    • Vascular Grafts
    • Others
  • Ophthalmology
    • Synthetic Corneas
    • Intraocular Lens
    • Contact Lens
    • Ocular Tissue Replacement
    • Others
  • Dental
    • Tissue Regeneration Materials
    • Dental Implants
    • Bone Grafts & Substitutes
    • Dental Membranes
    • Others
  • Orthopedic
    • Joint Replacement Biomaterials
    • Orthobiologics
    • Bioresorbable Tissue Fixation Products
    • Viscosupplementation
    • Spine Biomaterials
    • Others
  • Wound Healing
    • Fracture Healing Device
    • Adhesion Barrier
    • Skin Substitutes
    • Internal Tissue Sealant
    • Surgical Hemostats
    • Others

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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Weight Management Market is expected to garner US$ 725.6 Billion from 2022 to 2032 | FMI

[307 Pages Report] The global weight management market is expected to secure US$ 725.6 Billion while recording a CAGR of 7.7% during the forecast period from 2022 to 2032, according to a recently published market research report by Future Market Insights. Increasing adoption of a sedentary lifestyle is expected to drive the global weight management market.

As per the Institute of Health Metric and Evaluation, 30% of the world’s population is obese. Obese is one of the major health challenges in developed and developing countries. Also, the rising volume of bariatric surgeries and rising adoption of online weight loss & management programs are anticipated to positively influence the industry in forecast period.

Weight Management Market CAGR (2022-2032) 7.7%
Weight Management Market (2022) US$ 345.5 Billion
Weight Management Market (2032) US$ 725.6 Billion

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The growing prevalence of obesity among the expanding population is expected to propel the market expansion during the forecast period. As per the World Obesity Atlas 2022, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030. This significant rise in the number of obese patients is anticipated to drive demand for an efficient weight management system. Further, growing awareness about weight management and obesity among developing nations is expected to drive market growth in the coming period.

Increasing strategic collaborations of players with each other are expected to drive market growth during the forecast period. In September 2019, Currax Pharmaceutical disclosed the acquisition of Nalpropion Pharmaceuticals. This acquisition resulted in the addition of Contrave anti-obesity medication to Currax’s product portfolio. Similarly, in November 2019, Novo Nordisk collaborated with UNICEF to prevent children from obesity. Such partnerships among players are expected to benefit the industry growth during the forecast period.

Lack of awareness regarding obesity and the inability to afford premium health club memberships among developing countries are expected to impact the market negatively in the forthcoming period. As per IQVIA, only 2% of the total obese population is treated with prescribed medicines. Further, the presence of a limited number of market players is another cause hindering the expansion. However, rising disposable income and increasing awareness about the alternatives for weight loss and management can propel market growth in the forecast period.

Key Takeaways from the Market Study

  • Weight management market to secure US$ 725.6 Billion during the forecast period from 2022-to 2032.
  • By equipment, the fitness equipment segment is anticipated to expand at a CAGR of 7.6% during the forecast period.
  • The weight management market to be dominated by the U.S while garnering US$ 250 Billion by 2032
  • Weight management industry in China is expected to expand at the highest CAGR of 6.8% during the forecast period
  • Weight management market in Japan is estimated to reach US$ 41.1 Billion by 2032

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“Increasing cases of obesity and the growing health concerns among baby boomers are expected to support the market expansion in the coming time,” remarks an analyst at FMI.

Competition Analysis

Key players in the industry include Herbalife Nutrition Ltd., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Inc., and Brunswick Corporation. Major developments in the market are:

  • In June 2022, Herbalife Nutrition, inked a sports nutrition partnership with Notre Dame shooting guard Blake Wesley, who has been training at the Herbalife Nutrition IMPACT Basketball Center.
  • In January 2021, Herbalife Nutrition, an eminent nutrition company, announced that it had inked an agreement to repurchase approximately US$ 600 million of the Company’s common share beneficially owned by Carl C. Icahn and certain of his affiliates at a price of US$ 48/05 per share.
  • In December 2020, Kainos Capital, a firm focused on specializing in managing food and consumer businesses, completed the acquisition of Nutrisystem from Tivity Health for US$ 575 Million. The private Capital Group of MSD Partners, LP partnered with Kainos Capital in the transaction in form of preferred and common equity investment.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global weight management market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Diet (Meals, Beverages, Supplements), Equipment (Fitness Equipment, Surgical Equipment), Services (Fitness Centers, Slimming Centers, Consultation Services, Online Weight Loss Services), & Region(North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

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About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Global Weight Management Market Report

Global Weight Management Market by Diet:

  • Weight Management Meals
  • Weight Management Beverages
  • Weight Management Supplements

Global Weight Management Market by Equipment:

  • Weight Management Fitness Equipment
  • Weight Management Surgical Equipment

Global Weight Management Market by Services:

  • Weight Management across Fitness Centers
  • Weight Management across Slimming Centers
  • Weight Management Consultation Services
  • Weight Management through Online Weight Loss Services

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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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Injectable Drugs Market Is Expected to reach US$ 937.0 Bn by 2032 | FMI

[341 Pages Report] Cancer, cardiovascular diseases, and metabolic diseases like diabetes, are the main cause of mortality and disability in present times. Even with the understanding of scientific disease indications, it is crucial to elevate diagnosis and control the symptoms and signs of illness.

According to the Future Market Insights’ analysis, the injectable drugs market is set to grow at a 5.8% CAGR over the assessment period. As per the report, the market is projected to be valued at US$ 937.0 Bn by the end of 2032.

Advancements in technologies that involve optimization of the devices used for clinical conditions, be it chronic or acute, clinical innovations, bringing in minimally invasive treatments, and evolvement in clinical diagnostics and management in treating high-risk patients, are the key developments within the general healthcare industry.

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Demand for related treatments is increasing, as people are now more aware of the right treatment options, doctor-guided plans, and precautionary measures to consider for serious clinical conditions.

Key players in the injectable drugs market are actively seeking to gain approvals from regulatory bodies, and develop products across the continuum of care in severe case recovery. Furthermore, the FDA is expected to approve new devices related to advanced injectable drugs and their administration, over the coming years.

“Increasing incidence of infectious diseases, oncological diseases, cardiac disorders and device innovation are prompting healthcare providers to incorporate new treatment regimens for improved patient outcome,” says an FMI analyst.

Key Takeaways:

  • By product, monoclonal antibodies held the largest share of 5% in the global market in 2021.
  • Based on application, infectious diseases segment held the largest share of 4% in the global market in 2021, with the segment expected to expand at 5.7% CAGR over the forecast period.
  • In terms of molecule, large molecule segment held the largest share of 8% in the global market in 2021.
  • By route of administration, sales in the intravenous (IV) segment are expected to increase at a 3% CAGR over the assessment period.
  • Based on distribution channel, the hospital pharmacies segment was valued at US$ 231.0 Bn in 2021.
  • North America held the largest share of 5% in the global injectable drugs treatment market in 2021, owing to the growing government investments in healthcare and R&D activities.

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Competitive Landscape

Product launches and collaborations with suppliers that have a strong position and are popular in the market are some of the key strategies of the market players operating in the global injectable drugs market. For instance:

  • Merck and Gilead Sciences, Inc. (Gilead) signed an agreement in March 2021 to collaborate on the development and commercialization of long-acting HIV treatments that combine Merck’s investigational nucleoside reverse transcriptase translocation inhibitor islatravir and Gilead’s investigational capsid inhibitor lenacapavir.
  • In March 2022, Sanofi IGM Biosciences, Inc. today announced the signing of an exclusive worldwide collaboration agreement to create, develop, manufacture, and commercialize IgM antibody agonists against three oncology targets and three immunology/inflammation targets. Engineered IgM antibodies represent a new class of potential therapeutics that combine the multi-valency of IgM antibodies possessing 10 binding sites compared to conventional IgG antibodies having only 2 target binding sites.
  • In February 2022, Novartis India Limited extends access to its medicines in India by signing exclusive sales and distribution agreement with Dr. Reddy’s Laboratories

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the injectable drugs market in its latest study, presenting a historical demand assessment of 2014 – 2021 and projections for 2022 – 2032.

The research study is based on the product – (monoclonal antibodies, immunoglobulin, cytokines, insulin, peptide hormones, blood factors, peptide antibiotics, vaccines, small molecule antibiotics, chemotherapy agents, and others), by application (oncology, infectious diseases, diabetes, blood disorders, hormonal disorders, musculoskeletal disorders, CNS diseases, pain management, and cardiovascular diseases), by molecule type (small molecules and large molecules), by route of administration (intravenous (IV), intramuscular (IM), and subcutaneous (SC)), by distribution channel (hospital pharmacies, retail pharmacies, drug stores, and online pharmacies), across seven key regions of the world.

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Key Players :

  • Pfizer Inc.
  • Teva Pharmaceutical Industries Ltd.
  • Sanofi S.A.
  • Sun Pharmaceutical Industries Ltd.
  • AstraZeneca Plc
  • Merck & Co., Inc.
  • Viatris + Mylan N.V
  • Cipla Inc.
  • Dr. Reddy’s Laboratories Ltd.
  • Samsung Biologics
  • Abbott Laboratories
  • Amgen Incorporated
  • Baxter International Incorporated
  • Becton Dickinson and Company
  • Bristol-Myers Squibb Company
  • GlaxoSmithKline Plc
  • Roche Holding Limited

Key Segments Covered in Injectable Drugs Industry Research

By Product:

  • Monoclonal Antibodies
  • Immunoglobulin
  • Cytokines
  • Insulin
  • Peptide Hormones
  • Blood Factors
  • Peptide Antibiotics
  • Vaccines
  • Small Molecule Antibiotics
  • Chemotherapy Agents
  • Others

By Application:

  • Oncology
  • Infectious Diseases
  • Diabetes
  • Blood disorders
  • Hormonal Disorders
  • Musculoskeletal Disorders
  • CNS Diseases
  • Pain Management
  • Cardiovascular Diseases

By Molecule Type:

  • Small Molecules
  • Large Molecules

By Route of Administration:

  • Intravenous (IV)
  • Intramuscular (IM)
  • Subcutaneous (SC)

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies

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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Metal Paint Tray Market Is Expected To See a growth of 6.1%-6.9% | Future Market Insights

The metal paint tray market is set to witness a CAGR of 6.1%-6.9% during 2021-2031. Major factors such as escalating number of smaller households escalating number of smaller household, technological advancement, increase in the income and rapid urbanization will promulgate market expansion.

Furthermore, shifting customer preferences towards new and improved kitchen and living room decor as well as protecting appliances from damage will provide a positive opportunity for metal paint tray growth across the region.

What is Driving Demand for Metal Paint Tray Market?
Growing product demand from quality minded home improvement enthusiast and professional craftsmen in the architectural industry are fueling industry expansion.Moreover, surge in the demand from the decorative paints segment along with the general industrial application will further drive the overall market growth for metal paint tray market across the region.

In addition, changing consumer aesthetics and wall designs in residential and commercial building will further increase the market share.

The outbreak of COVID-19 pandemic have significantly damaged new construction activities, which has significantly affected the mental paint tray industry. This weak demand scenario has largely affected the market due to evolving priorities of expenditure towards essential infrastructure and needs.

Further, the imposition of temporary lockdown has resulted in disruption of trade and production activities. However, the market is recovering due to government actions and stimulus contacts for various construction and associated markets.

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Surge in the Demand for Metal Paint Tray in Residential Application is anticipated to boost the Market
The trending concept of nuclear family along with increasing population has contributed to the growth of residential building construction. Paints, and wall decoration are broadly used since they provide improved appearance to these structures. Changing consumer preference for eye-catching interior textures specifically in the residential sector is further expected to impact the global market growth in a positive way
US and Canada Metal Paint Tray Market Outlook
Geographically, North America is projected to dominate the significant share in the global metal paint tray market. The adoption of eco-friendly painting tray has led to a boom in the market. North America is considered to be the primary market for metal paint tray. Market demand in North America is fueled by increased investment in the construction and infrastructure sectors in the United States and Canada.Moreover, rising automotive and electronic industries in United States has resulted in increased sales of metal paint tray market.

Europe Demand Outlook for Metal Paint Tray Market
Europe is likely to witness massive growth during the forecast period due to the competitive price and ease of application of products which will fuel the growth of the metal paint tray industry. Moreover, the product helps to reduce the wastage of paint which is positively affecting the demand.In addition, industry players in the region are focused on tying up with architects and government tenders for large projects that supply products on a large scale and at affordable prices.

Who are the Key Manufacturers and Suppliers of Metal Paint Tray Market?
Key players in the metal paint tray market are

  • Wooster Brush
  • Linzer
  • HAKZEON
  • Rok
  • Zonon
  • Baoding Jubao Wire Mesh Manufacture Co.Ltd
  • Ningbo Becol Stationery & Gifts Co.Ltd.
  • ProRoller
  • Unvert
  • and Dong Guan Lucky Tin Co.Ltd.
  • among others.

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

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Key Segments

By Product Application:

  • Appliances
  • Automotive
  • Industrial equipment & machinery
  • Furniture
  • Packaging
  • Others

By Sales Channel:

  • Hypermarket/Supermarket
  • Specialty Store
  • Convenience Store
  • Direct Sales
  • Online Retailing
  • Stationary Store

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

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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 Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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Mercury Testing Service Market is Expected to Grow at a CAGR of ~5% During the Forecast Period by 2028 | FMI

The mercury testing service market is anticipated to grow at a CAGR of ~5% during the forecast period of 2018-2028. According to the survey, revenue from the mercury testing service industry reached US$ 800 million in 2018, up 5% year over year in 2019.

Increased business and governmental organisations are focusing on defining sediments, soil, and waste water samples in light of the expanding regulatory emphasis on monitoring the rate of mercury emissions. As a result, mercury testing service providers have a plethora of opportunities.

Mercury has emerged as one of the biggest challenges to the health and safety of natural environment, and is rapidly making inroads into food, healthcare, agriculture, mining, and oil and gas industries. Heavy metals continue to put human health at stake, which in turn has led to enforcement of stringent laws that are mandating the near-constant adoption of mercury testing services for food and pharmaceutical products QA.

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Dire Need for Detoxification of Agricultural Produce Unlocking Gains in Fast-Growing Economies

The study opines that rapidly increasing crop production in fast-growing countries, such as China, India, and Mexico has been bolstering the demand for heavy metal testing for food products in the region. Adoption of mercury testing services for detoxifying food products in these countries collectively accounted for revenues worth ~ US$ 44 Mn in 2018. Hg testing service providers are leveraging every pertinent approach to capitalize the growing demand for swift and precise heavy metal testing services that validate food samples QA. Additionally, growing awareness about the role of mercury testing services in determining mercury content in an array of food products, such as dairy products, meat, cereals and grains, and eliminating its hazardous effects, is creating opportunistic avenues for partakers.

Moreover, the expanding healthcare and pharmaceutical industries in South as well as East Asia are creating an increased traction for mercury testing of medicines, in light of the grave heath impacts of consuming heavy metals, particularly on pregnant women and infants. Growing use of mercury testing services to determine Hg content in human body via blood, hair, and urine test has garnered substantial momentum over the years, while registering ~22% market value share in 2018. As a matter of fact, leading players are placing their focus on squeezing additional margins by infiltrating in these lucrative regions. Bureau Veritas, for instance has acquired China-based Shenzhen Total-Test to expand its footprint in the food quality and safety sector in the region.

As per the FMI study, though significant challenges persist in Hg analysis, mercury testing service providers, having felt the heat of issues caused by the tedious process of sample preparation or the mercury analysis step, are employing advanced swift techniques. As the most recent generation of ICP-MS or cold vapor systems may leave room for error even after the long cleaning cycles, regulatory bodies are increasingly emphasizing direct mercury analysis as a viable alternative to counterparts. Several service providers are thereby, employing direct mercury analysis and have in fact, used it successfully to identify and wipe away total mercury in various solid, liquid and gas samples.

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The report indicates a significant surge in mercury testing service market owing to the dire need for Hg analysis to detect and quantify mercury precisely in the oil & gas industry. This is further propelled by a significant rise in demand for mercury testing services for sampling, testing, and trace-level detection in natural gas with wide applications across different industries.

Key SegmentBy Analysis Type

  • Total Mercury Analysis
  • Trace Mercury analysis

By Technology

  • CV-AFS
  • ICP-AES/OES
  • ICP-MS

By Service Type

  • On Site Service
  • Off Site Service

By End Use

  • Food
  • Healthcare
  • Oil&Gas
  • Mining
  • Agriculture
  • Others

By Region

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

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
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pH Meter Market is Predicted to Advance at a CAGR of 4.2% from 2022 to 2032 Report by FMI

The unit sales of pH meter market has been estimated to grow by promising 4.7% Y-o-Y in 2019, over 85% of the total sales will be accounted by digital pH meters. In terms of revenue, FMI’s analysis opines that the global pH meter market value will grow at a CAGR of more than 5% over 2019-2027.

More than 1.6 million pH meters were sold in 2018, according to a new analytical study of Future Market Insights (FMI).

Government Regulations Pertaining to Water Treatment Bolster Demand Worldwide

North America is expected to capture a significant share of the pH meter market due to the high adoption of water quality testing machines, which is fuelled by stringent government regulations pertaining to water treatment plants. As per these regulations, water treatment plants need to lower the presence of pollutants that can affect the environment and quality of water.

Moreover, the destructive effect of acidic or alkalinity on high-cost equipment and pipelines, such as condensers, boilers, etc. in the oil & gas and chemical industries, is also expected to boost adoption of pH meters.

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In Europe, the demand for pH meters is increasing in the field of pharmaceuticals and food & beverages industries for checking the acidity of samples. In addition, developing countries in the Asia-Pacific region excluding Japan (APEJ), such as India and China, are undertaking initiatives to reinforce policies about the quality of water and its uses, which is another factor that is estimated to drive the pH meter market over the forecast period.

pH Meter Becoming an Imperative Control Parameter

pH meters are used significantly in scientific, industrial, and household applications across numerous industrial sectors, such as power industries, pharmaceuticals industries, food & beverages industries, the mining sector, and the oil & gas sector. However, according to FMI, burgeoning applications of pH meters in chemical and petrochemical industries will hold a major share in growth of the pH meter market across the globe over the forecast period.

The importance of determining the properties of a chemical samples has been on the rise, which remains the important factor to trigger a high demand for pH meters in the chemical and petrochemical industries for petroleum refining processes. pH is thus becoming an important control parameter in the petrochemical and chemical industries and this is likely to influence upcoming trends in the pH market during the foreseeable future.

Growing Demand for pH Meters in Healthcare Industry

pH meters are commonly used for calculating pH of whole blood PLTs (WBPs) as they are an important equipment used in surrogate test of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.

Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter

The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.

Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by the governments and organisations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.

In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.

Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions

According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.

Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, and Hach.

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pH Meter Market: Segmentation

On the basis of end use

  • food & beverages
  • pharmaceutical & hospitals
  • biotechnology
  • chemical & petrochemical
  • environmental research
  • educational institutes
  • water & waste water management

On the basis of product type

  • digital
  • analogue

On the basis of modularity

  • portable
  • benchtop pH meters

About Future Market Insights (FMI)

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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