Market Research Blog – Page 9672 – New Product Development

Scouring Agent Market worth US$ 8.4 Billion by 2032 at a CAGR of 5.3%

The global scouring agent market is anticipated to be worth $4.7 billion in 2022 and $8.4 billion in 2032. It is expected to expand at an amazing CAGR of 5.3% between 2022 and 2032. The continued advancement in the field of material science, as well as the increased spending by various organizations on R&D operations, are expected to boost demand for scouring agents in the coming years.

Textile industry is growing at a significant rate all over the globe. Textile chemicals are important part of textile manufacturing. Various chemical agent are used in textile manufacturing and processing. Scouring agent are used in scouring process, which comes before dyeing and printing process, in the textile processing industry. Scouring agent can be of various kinds including sizing agent, stains agent, lubricating agent, alkali-resistant agent, mercerizing agent, penetrating agent and wax removing Agent. Selection of scouring agent is done by considering the type of fabrics, and other factors such as, stains in the fabrics, and the application of the fabric. Scouring agent are water soluble powders which are generally alkaline in nature.

Scouring agent are used for various purposes such as pH buffering, emulsification, dispersion, cleaning, penetration, and wetting. Sourcing agent can be different as the operating conditions changes. Effective and efficient scouring agent are being demanded by textile dyeing and printing industry, during the last decade. Innovations and development in the field of material science is pushing new product developments in the scouring agent market. This is expected to drive the demand for scouring Agent during the forecast period.

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Market Dynamics of Scouring Agent Market

Strong growth of textile industry, in emerging countries, is expected to drive the global scouring agent market

Emerging economies such as India and china are creating ample of opportunities for growth of textile industry. Increasing per capita income in these emerging economies along with rising population is creating high demand for textiles. Textile industry growth is reflecting in the demand for textile chemicals and scouring agent. Moreover, increasing focus on quality improvement from manufactures and textile processers is also bolstering the demand for scouring agent. Growing global population with increasing per capita spending is accelerating the demand for apparels as well as industrial textiles, which is expected to push the growth of scouring agent at a high growth rate, during the forecast period

Environmental regulations and waste disposal issues are posing various challenges for manufacturers

Scouring agent are the different types of chemicals used in the textile processing. After use, these chemicals are needed to be disposed safely in to the environment. Therefore, increasing rules and regulations on the waste disposal and chemicals used in the textile industry, can impact on the potential demand for the scouring agent from the textile industry. However, new developments in the scouring agent market are focusing on the manufacturing of ecofriendly and less harmful scouring agent, which is expected to support the growth of the market during the forecast period

Scouring Agent Market Trends: Innovation and new product developments

Manufacturers of scouring agent are adapting to the changing requirement of the textile industry. Developments in material science and increasing spending in the research and development is expected to push the innovation and new product development during the forecast period. Manufacturers are channelizing their efforts towards the development of sustainable practices as the environmental laws are getting stringent day by day.

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Scouring Agent Market: Regional Outlook

China and India are the leading textile exporting countries in the world. Increasing demand from developing and emerging textile markets is boosting the demand for scouring agent. Growing population and increasing demand for textiles all over the world is putting pressure on the manufacturers to meet the growing demand, which is pushing new developments in the scouring agent market. Asia Pacific led the scouring agent market, both in terms of consumption and value. Asia Pacific witnessed high growth in last few years. North America and Europe followed Asia Pacific in terms of volume and value share, however scouring agent market in Europe and North America is expected to grow at a slower growth compared to Asia pacific. Latin America also contributed a significant share in the global scouring agent market. Middle East and Africa is also creating lots of opportunities for scouring agent market players as the textile processing market is growing at a good growth rate in the region.

Global Scouring Agent Market Participants

Some of the market participants identified across the value chain of global scouring agent market are:

Huntsman Corporation

HT Fine Chemical Co., Ltd.
The Dow Chemical Company
Tata Chemicals
Fineotex Chemical Ltd.
DyStar Singapore Pte Ltd

Rung International
Archroma Limited
N. Chemical Industries
Evonik Industries AG
Organic Dyes and Pigments

Sarex
Indokemika Jayatama
Viswaat Chemicals Limited

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

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Global Scouring Agent Market Segmentation

On the basis of type, the global scouring agent market can be segmented as:

Anionic

Cationic
Nonionic

On the basis of function, the global scouring agent market can be segmented as:

Sizing Agent
Stains Agent

Lubricating Agent
Alkali-resistant agent
Mercerizing Agent
Penetrating Agent
Wax Removing Agent

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Foundry Additives Market Size to be worth US$ 3 Billion by 2032

The global foundry additives market is estimated to exceed $2 billion by 2022. Overall sales of foundry additives are predicted to more than double, surpassing US$ 3 billion by the end of 2032.

According to the analysis, the foundry additives market is expected to develop at a CAGR of 4%-5% between 2022 and 2032. Rising demand for additives to reduce casting defects in the automotive, construction, railway, and other industries is driving growth.

A foundry is a factory that is engaged in the manufacturing of metal cast components for various industries such as automotive, steel, railway, construction, heavy machinery among others. Therefore, the growth and development of foundry industry is completely dependent on the demand for metal cast components from the various end use industries. Moreover, in order to cater the continuous escalating demand of growing populations across the globe, the future outlook of foundry industries is positive. Moreover, in order to get finished products with enhanced quality, some additives are added during the casting process and are known by foundry additives. Hence, with the increasing demand for finished and high quality products in the market, the demand for foundry additives is expected to increase over the forecast period.

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Global Foundry Additives Market: Dynamics

The foundry additives market is mainly driven by its own advantages offered to the manufacturers operating in the foundry industry. As with introduction of additives the casting defects gets eliminated or reduced. Hence, the overall casting quality get enhanced by the introduction of foundry additives. Additionally, the need for expensive specialty sands also gets eliminated and the overall cost efficiency of the plant get upgraded. Therefore, the foundry additives have become necessary elements of many foundry industries and its demand is projected to increase with the positive outlook of the end use industries. Furthermore, rising demand for metal products with the growing population across the globe is anticipated to force the manufacturers of various foundries expand their production in order to cater the increasing demand. Hence, the demand for foundry additives are also going to increase with healthy growth rate during the forecast period.

Global Foundry Additives Market: Regional Outlook

The global market of foundry additives is mainly dominated by Asia Pacific region. This can be attributed to the presence of most prominent foundries across the globe. China and India are the two major consumers of foundry additives in the region. As China is one of the leading iron and steel manufacturers across the globe is projected to maintain its dominance throughout the forecast period and also anticipated to create healthy demand for foundry additives during the projected period of time. Moreover, Europe is also expected to create healthy demand for foundry additives in the coming years. The demand of foundry additives in European market is mainly dominated by the Western Europe. Germany, France and Italy are the major consumers of foundry additives in the Western Europe market. Additionally, the growing demand in North American market for foundry additives is mainly dominated by U.S. Growing metal manufacturing and casting activities in the U.S. is the key reason behind growing demand from North American market.

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Global Foundry Additives Market: Market Participants

In the global market of foundry additives, huge rage of foundry additives are available in the market. Their use and consumption pattern is totally dependent of the application they are supposed to be used. Additionally, the market for foundry additives is highly fragmented and wide number of players are operating in the foundry additives market. Moreover, names of some of the manufacturers operating in the global market of foundry additives are:

Clariant
Chesapeake Specialty Products, Inc.
Imerys Group
REFCOTEC
ASK Chemicals
The HILL and GRIFFITH Company
Laviosa Chimica Mineraria SpA

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

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Global Foundry Additives Market: Segmentation

The global market for foundry additives can be segmented on the basis of type, composition, end use and region.

On the basis of type, the global foundry additives market is segmented as:

Iron oxides
Burn-out Additives
Engineered Additives

On the basis of composition, the global foundry additives market is segmented as:

Organic Additives
Inorganic Additives
Hybrid Additives

On the basis of end use, the global foundry additives market is segmented as:

Automotive Industry
Steel Industry
Construction Industry
Heavy Machinery
Electrical Industry
Railways
Mining

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Phosphotungstic Acid Market Is Expected To See a growth of ~5.4% | Future Market Insights

The global phosphotungstic acid market is expected to exhibit positive growth during the forecast period, with a CAGR of roughly 5.4%. The increased use of phosphotungstic acid in a variety of applications such as protein precipitation, proton donors, dyes and pigments, and biology and life sciences is driving market growth.

Phosphotungstic acid is chemical reagent primarily in the hydrate form. Phosphotungstic acid is abbreviated as (PTA) and is known by alternative name – tungstophosphoric acid (TPA). Over years, phosphotungstic acid is being used for staining of cell specimens in biology along with some other chemical compounds. Phosphotungstic acid helps in decoloring of tissues. Apart from histology, phosphotungstic acid is used for a wide array of applications such as catalyst, dyeing, precipitation of proteins, medicinal applications amongst others.

The market for phosphotungstic acid is currently in the initial stages and is more in the development phase. The growing investments in the biotechnology and histology and life sciences is anticipated to create noteworthy demand over the forecast period. Significant focus is being laid on the use of phosphotungstic acid for composite proton exchange membranes used in the manufacture of fuel cells

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Global Phosphotungstic acid Market Dynamics

Global Phosphotungstic acid Market Drivers

Amongst various factors, prominent factor impeding the demand of global phosphotungstic acid market is the increasing use of phosphotungstic acid hydrate as a staining agent for transmission electron microscope imaging applications. It is used with hematoxylin commonly known as PTAH.

There has been rise in demand for phosphotungstic acid which serves as a cost efficient and recyclable catalyst for the manufacture of polysubsituted quinolones. Quinolones are important compounds to be used in the pharmaceutical industry. Owing to the recyclable nature, phosphotungstic acid is widely being preferred. Opportunities from end uses such as pigments and dyes synthesis is also anticipated to augment the growth of global phototungistic acid market.

Global Phosphotungstic acid Market Restraints

The use of alternative material such as phosphomolybdic acid for staining application in histology is expected to restrain the growth of phosphotungstic acid to a marginal extent over the outlook period.

Global Phosphotungstic acid Market Trends

Recent trend witnessed across the global phosphotungstic acid market is increasing research and development of phosphotungstic acid for relatively niche applications including pharmaceutical industry. A number of companies are actively participating in exploring the diversified range of applications of phosphotungstic acid.

Global Phosphotungstic acid Market: Regional Outlook

In terms of regional perspective, the global phosphotungstic acid market is anticipated to be led by North America and Western Europe region. This is because to the growing research and development both in the microbiology and pharmaceutical industry for the development of advanced specialized drugs. Asia Pacific is anticipated to witness relatively higher growth rate in the second half of the forecast period. China is anticipated to hold dominant share in the Asia Pacific phosphotungstic acid market. Other regions such as Middle East and Africa are Latin America are anticipated to remain low volume and high growth regions over the forecast period. Japan is projected to witness moderate rise in demand for phosphotungstic acid in the coming years.

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Global Phosphotungstic acid Market Participants

Some of the market participants identified across the value chain of global Phosphotungstic acid market are:

TCS Biosciences Ltd.
MilliporeSigma
Alfa Aesar
MP Biomedicals
Bean Town Chemicals
VWR Life sciences
Sigma Aldrich
Fisher Scientific
Toronto Research Chemicals

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

Global Phosphotungstic acid Market Segments

The global Phosphotungstic acid market is categorized based on purity, end-use industry, application, type, grade and region. In the current scenario, histology (biotech and life science application is anticipated to be a major end use for phosphotungstic acid. However, other applications predominantly pharmaceutical is anticipated to witness robust growth over the forecast period.

Based on grade, the global phosphotungstic acid market is categorized as follows:

Research grade
Regular grade

Based on end-use industry, the phosphotungstic acid market is categorized as follows:

Pharmaceutical
Biotech and microbiology

Based on purity, the global phosphotungstic acid market is categorized as follows:

99%
>99% (ultra-pure)

Based on application, the global phosphotungstic acid market is categorized as follows:

Catalyst
Dyes and pigments
Biology and life sciences
Proton donors
Precipitation of proteins
Others

Based on type, the global phosphotungstic acid market is categorized as follows:

Anhydrous
Hydrate

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Silver Cyanide Market Size, Share & Growth Report for 2032

Silver cyanide is a synthetic chemical compound obtained from the treatment of solutions containing Ag+ with cyanide. Its color darkens in the presence of light and the absence of minerals. Silver cyanide is generally used for silver plating of metals in the manufacturing industries. Silver cyanide plating is used for different purposes such as decorative effects on teapots, trinkets, and trays. It enriches the look and quality of the metal. Silver cyanide is also used for metal surface treatment to significantly increase its chemical and physical properties.

Furthermore, silver cyanide is available in different forms in the market such as solid or crystal form and in powder form as well. Each silver cyanide form has a different application in various end-use industries such as manufacturing industry, chemical industry, and in laboratories.

However, silver cyanide is a highly toxic material and can cause various serious health hazards. It produces poisonous gases when burned. It is classified as a highly-toxic material by the U.S. National Library of Medicine, Toxicology Data Network.

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Silver Cyanide Market: Regional Outlook

In the global silver cyanide market, the Asia Pacific region is expected to have a prominent share owing to the significant demand for silver cyanide from this region. China is expected to be the leading market for silver cyanide owing to the presence of a significant number of manufacturers. North America is anticipated to have a significant share in the global silver cyanide market owing to the increasing demand for silver cyanide from manufacturing industries and for research purposes.

The European silver cyanide market is subjected to various government regulations for the production and use of silver cyanide in various end-use industries. Therefore, the region is projected to have moderate growth during the forecast period. The Middle East and Africa region is expected to have promising growth in the silver cyanide market.

Silver Cyanide Market: Market Participants

Some of the market participants in the global silver cyanide market are:

American Elements
Alfa Aesar
Spectrum Chemical Manufacturing Corp.
Thermo Fisher Scientific
SAXONIA Edelmetalle GmbH
TANAKA HOLDINGS Co., Ltd.
Umicore
KSIP (Singapore) Pte. Ltd.
SUVCHEM
Metalor Technologies SA
DuPont and Dow
Mahavir Expochem Ltd.
Merck KGaA
Anhui Shuguang Chemical Group

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

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Silver Cyanide Market: Segmentation

The silver cyanide market can be segmented into purity, form, application, end-use industries, and region.

On the basis of purity, the global silver cyanide market is segmented into:

Low Purity
High Purity

On the basis of form, the global silver cyanide market is segmented into:

Solid
Powder

On the basis of application, the global silver cyanide market is segmented into:

Electronic Components
Silver Plating
Metal Surface Treatment
Chemicals & Salts
Research

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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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Drug Screening Market projected to expand at a 16% CAGR from 2022-2032, Says Future Market Insights

The global drug screening market is projected to expand at a 16% CAGR from US$ 5.3 Bn in 2021 to US$ 18 Bn by 2032 showing an immense improvement.

A crucial driver of the drug screening market is the overuse of prescribed drugs and the elevated use of narcotics. According to one of the recent World Drug Reports, drug and alcohol abuse and consumption are on the rise globally.

Drug abuse killed nearly 500,000 people, while drug use disorders resulted in the loss of 18 million years of a healthy life, primarily due to opioids. Similar increases in alcohol consumption have been observed, with the consequences being an increase in the incidence of impaired driving.

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The rising consumption of illicit drugs and alcohol will accelerate the development of drug screening products and services on the road, fuelling the drug screening market growth.

Some countries, including South Africa, Colombia, Chile, Argentina, and Canada, consider workplace drug and alcohol testing to violate employee privacy. Such prohibitions in various countries may impede the adoption of drug screening devices etc., thereby limiting the overall market growth.

Several new products, devices, and services have also received regulatory approval and are being adopted by government agencies and corporate organizations and are expected to broaden drug screening market opportunities.

Companies in this market are expected to gain new opportunities as their business strategies shift toward oral swab drug tests and the development of the concept of fingerprint-based drug screening, thereby driving the demand for drug screening devices etc.,

Furthermore, New Psychoactive Substances (NPS) such as tryptamines, ketamine, piperazine, and phenethylamines can be considered emerging trends in the drug screening market. Owing to its low cost and dependability, urine samples are the most commonly used for testing, ramping up urine drug tests.

Influenced by factors as mentioned earlier and developments, the drug screening market is forecasted to touch US$ 11 Bn by 2026.

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Key Takeaways:

By product type, the consumables segment is likely to dominate the market since they provide improved solutions to make testing accurate and quick, accelerating market growth.
As it is a quicker and less invasive sample to collect at the roadside, the oral fluid sample segment is expected to account for a significant drug screening market share by sample type.
By drug type, the cannabis/marijuana segment is forecasted to hold sway over the drug testing industry since marijuana or cannabis is the most commonly used illicit substance in critical markets.
Drug testing laboratories are predicted to be at the forefront of the market by end-use, owing to their widespread acceptance and accurate result.
The drug screening market size accounted for around US$ 5.3 Bn in 2021.

“North America is projected to reign the market owing to the government implementing strict workplace testing regulations as well as expansion strategies followed by players. Furthermore, the region’s high adoption of technologically advanced solutions & favourable reimbursement scenarios has fuelled the market growth. New organ-on-a-chip platforms enable more precise and accurate perception of drug effects on the human body, and its advancements are also contributing to the growth of the North American drug screening market.” asserts an FMI researcher.

Competitive Landscape:

Some of the notable players in the drug screening market are Premier Biotech (US), Abbott Laboratories (US), Alfa Scientific Designs (US), OraSure Technologies (US), Shimadzu (Japan), Drägerwerk (Germany), LifeLock (US), Thermo Fisher Scientific (US), MPD Inc. (US), Omega Laboratories (US), Psychemedics (US), Roche (Switzerland), and Siemens Healthineers (Germany), Quest Diagnostics (US).

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To capture larger market shares, key companies are pursuing various growth strategies such as mergers and acquisitions, geographic expansion, product invention leading to some significant recent developments in the drug screening market.

Drager Safety Canada’s Drager drug test 5000 drug testing device received government approval, making it the country’s first roadside oral fluid drug testing device with active government support.
Intelligent fingerprinting limited, based in the United Kingdom, has released the world’s first portable fingerprint drug test to detect and analyze marijuana, opiates, and amphetamines. The newly launched device allows for sample collection and analysis in 10 minutes, speeding up the process.

Key Segments

By Sample Type:

Urine samples
Breath Samples
Oral Fluid Samples
Hair Samples
Other Samples

By Product and Service:

Drug screening
Analytical Instruments
Rapid Testing Devices
Consumables
Drug Screening Service

By End User:

Drug Testing Laboratories
Criminal Justice and Law Enforcement Agencies
Hospitals
Drug Treatment Centers
Individual Users
Pain Management Centers
Schools and Colleges
Workplaces

By Region:

North America
Latin America
Asia Pacific
Europe
Middle East & Africa

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Contraceptives Market projected to be worth US$ 18 billion by 2022 – Exclusive Report by FMI

In 2022, the global contraceptives market is expected to be worth US$ 18 billion. Contraceptive drug and device demand is expected to grow at a 5.5 percent CAGR, with the total market size reaching US$ 30.8 billion by 2032. According to a recent study by Future Market Insights (FMI), devices will lead the market in terms of product, accounting for approximately 58.3 percent of the market in 2021.

The global contraceptives market size is expected to reach ~US$ 33,529 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~6.2% between 2019 and 2029. According to the report, growing need of population control, increasing incidence of unwanted pregnancies and government’s initiatives drive the contraceptive market forward. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the contraceptives market. Some of these are:

The estimated value of the contraceptives market was at ~US$ 33,529 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, North America dominates the contraceptives market globally.
East Asia emerges as one of key markets owing to large population base, growing contraceptive awareness and initiatives taken by the respective country government.
Female segment holds the most of the contraceptive market as compared to men.
Key players are likely to focus on new product development in terms of drug & device, to stay relevant in developed markets.

Contraceptive Pills – the Most Lucrative Product Type

Contraceptive market contains drugs and devices. The devices market holds most the contraceptive market however drugs are anticipated to grow at highest CAGR owing to its beneficial property and easy consuming method. With the advancement of technology, the emergence of drugs have become popular as oral contraceptive pills which has the same purpose as other contraceptive drugs or devices. The simplicity and easy consumable method are expected to make it most popular contraceptive market. The other form of drugs such as topical and injectable contraceptives also witness strong market demand. Furthermore, these contraceptive pills are highly effective and does not interrupt in sex. Even in cases, it has been proved to reduce heavy and painful periods. All these factors and benefits are expected to fuel the sales of contraceptive drugs in the global market.

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Some of the leading players operating in the contraceptives market are Bayer AGPfizer Inc., Janssen Global Services, LLC, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc., Mylan N.V., Allergan Plc, Reckitt Benckiser Group plc, Veru Inc., Medisafe Distribution Inc., Cooper Surgical, Inc., Mayer Laboratories, Inc., Pfizer, The Female Health Company and others. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

As a part of government’s initiative, the government of India had launched a new contraceptive pill named ‘Shukhi 3rd Generation’ in Nov 2019.
In Spet. 2019, Exeltis USA, Inc. had announced the Launch of Slynd™(drospirenone) tablets, the First and only progestin-only pill providing pregnancy prevention with a 24-hour missed pill window

Get Valuable Insights into Contraceptives Market

Future Market Insights, in its new report, presents an unbiased analysis of the global Contraceptives market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the contraceptives market based on product type (contraceptive drugs – oral contraceptive pills, injectable, topical), gender (male, female), by price range (high range, low /economy), sales channel (Wholesaler/ Distributor, Hypermarket/ Supermarket, Specialty Stores, Drug & Pharma Stores, Convenience Stores, online, and others -hospitals, clinics etc.), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Market segmentation

Product Type

Contraceptive Drugs
- Oral Contraceptive Pills
- Injectables
- Topical
Contraceptive Devices
- Diaphgrams
- Sponges
- Vaginal Rings
- Subdermal Implants
- Intrauterine Device

Gender

Male
Female

Price Range

High Range
Low / Economy Range

Sales Channel

Wholesaler/ Distributor
Hypermarket/ Supermarket
Specialty Stores
Drug & Pharma Stores
Convenience Stores
Online
Others (hospitals, clinics etc.)

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Agro Rural Tourism Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

The agro rural tourism market is estimated at USD 89.86 billion in 2022 and is projected to reach USD 158.56 billion by 2032, at a CAGR of 5.79% from 2022 to 2032.

The increasing effect of global warming has turned travellers close to eco-tourism and sustainability tourism. Also, the post pandemic situations travellers are preferring healthy recreational activities. The agro rural tourism promote and is based on the principles of eco-tourism and sustainability tourism. The agricultural activities contribute to the environment health and benefit ecological balance whereas the products made by rural people are eco-friendly.

The agro rural tourism also brings stability in environment ecological as well as socially. The rural tourism connects villages and international markets at social level which helps to bridge the gap in between them. Agro rural tourism create awareness about rural development and attract various investments to the rural sector. It also helps to show case how primary sector is evolving and contributing to the country.

The agro rural tourism helps to promote and create awareness of agro products in country. It benefits the rural economy, help to boost the agriculture sector and contribute majorly to the gdp of the country.

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Therefore, government take an active interest in promoting the agro tourism market with the help campaigns. Lastly agro tourism also promote a part of ethno tourism as it allows visitors to participate in cultural activities and be a part of their community. Hence it can be concluded the principles of eco-tourism and sustainability tourism helps to boost the agro rural tourism market.

As such, the global agro rural market is estimated to expand at a CAGR of over 5.79% throughout the forecast period of 2022-2032, to be valued at US$ 158.56 Bn by the end of 2032.

Key Takeaways from the Agro Rural Tourism Market Study

According to our analysis the international tourist as well as domestic both may generate opportunities for agro rural tourism market. The international tourists are interested in learning new ways of agricultural methods, the cultivation method, and want to explore the farmer and rural community of different where as domestic tourist want to support and want to contribute towards rural and agricultural sector development.
The rising trend on-farm tourism is increasing the demand for agro rural tourism. The on-farm tourism activity allows visitors to learn about agriculture methods and techniques which in turn supports the sales of farm products directly from farms.

Impact of COVID-19 on the Market

Although covid-19 pandemic has a negative impact on tourism industry the agro rural tourism faced an impact at early stage due to common reasons such as restrictions, lockdowns, social distancing, etc. In post pandemic stage the agro rural tourism had a fast recovery aiding the entire tourism industry. In post pandemic situation the people become health cautious and started searching for healthy way of tourism.

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Apart from this the people preferring vegan food is encouraging organic farming and which in result high demand for agro products. Also in post covid situations the socio-economic factors are influencing the farm stays and agro rural activities. Hence we can conclude although the covid 19 had a negative impact on tourism industry it helped to generate demand for agro rural tourism market.

Who is winning?

Leading manufacturers of agro rural tourism Market are focused on promotional strategies, upgradations and technological development, and new merger strategies that have driven sales growth of agro rural tourism market globally.

Major players present in the global agro rural tourism market are Agri Tourism Department, GTI Travel, Cyprus Agrotourism, Agri Pro Focus, Capr Agri Tours, Farm To Farm, Meru Agro, Rural Tours, Select Holidays, Greenmount Travel, Heartland Travel and Tours, Stita Group are among others.

Global Agro Rural Tourism Market by Category

By Service Type, Global Agro Rural Tourism Market is segmented as:

Direct Market Agritourism
Educational Agritourism
Recreation Agritourism

By Booking Channel, Global Agro Rural Tourism Market is segmented as:

Online Booking
In Person Booking
Phone Booking

By Tourist Type, Global Agro Rural Tourism Market is segmented as:

Domestic
International

By Tour Type, Global Agro Rural Tourism Market is segmented as:

Individual Traveller
Group Trip
Family trip
Student trip

By Consumer Orientation, Global Agro Rural Tourism Market is segmented as:

Men
Women
Children

By Age Group, Global Agro Rural Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Region, Global Agro Rural Tourism Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Dental Flap Surgery Market expected to accumulate a market value of US$ 10.31 Billion by 2032-end | FMI

During the forecast period 2022-2032, the dental flap surgery market is expected to grow at a value of 7.5% CAGR, according to Future Market Insights. By the year 2032, the global market for dental flap surgery is expected to rise up to a market valuation of US$ 10.31 Billion.

A rise in the prevalence of periodontal disease, an increase in awareness about oral hygiene, and growing demand for dental flap surgery for periodontal disease treatment are the key factors that boost the growth of the industry. The demand for triangular flap surgery is expected to witness a rise during the forecast period due to the high adoption rate.

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The growing aging population and increase in dental tourism in developing countries have boosted the growth of the overall industry. An increase in the number of patients suffering from periodontal disease is anticipated to drive the industry’s growth over the years to come. Patient satisfaction wound healing and good visibility in roots are among the key factors responsible for the growth of the industry.

Key Takeaways from the Market Study

The triangular flap segment is expected to account 28% market share for dental flap surgery in 2022.
Dental clinics are expected to possess 70% market share for dental flap surgery market in 2022.
North America is expected to possess 40% market share of dental flap surgery in 2022.
Asia Pacific is expected to hold 35% market share for dental flap surgery in 2022.

“The increasing awareness regarding dental health along with technological advancements in dental surgeries is boosting the growth of dental flap surgery market.” states an FMI analyst

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Competitive Landscape

Key players in the dental flap surgery market are Aspen Dental Management, Inc., Apollo White Dental, Coast Dental, Dr. Joy Dental Clinic, Smiles by Dr. Santos, LLC, Axis Dental, Great Expressions Dental Centers, HM Hospital Madrid, Humanitas Hospital and Partha Dental Clinics. Industry participants rely on regional expansion to strengthen their market presence.

Medtronic Plc is a medical technology and services company. It is involved in manufacturing, developing, and marketing medical devices and technologies to its consumer base. The company provides its services to hospitals, clinics, distributors, other healthcare providers, and institutions. Its products are marketed across various regions, including the Asia-Pacific.
For instance, OCare has launched India’s first dental insurance plan in villages, providing quality dental care services to people across the country. Hence, there is an urgent need for the country to have an oral health policy and dental health planners who are able to understand and formulate effective oral health policies. Nevertheless, these factors mentioned above have contributed significantly to the progress of India’s periodontal market.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global dental surgery flap market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of surgery type (Triangular Flap, Rectangular Flap, Envelope Flap, Submarginal Flap, Others), by End User (Hospitals and Dental Clinics) and regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa)

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Key Segments Profiled in the Dental Flap Surgery Industry Survey

Dental Flap Surgery by Type:

Triangular Flap
Rectangular Flap
Envelope Flap
Submarginal Flap
Others

Dental Flap Surgery by End User:

Hospitals
Dental Clinics

Dental Flap Surgery by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Social Media And Destination Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The global social media and destination market is estimated at USD 120.0 billion in 2022 and is projected to reach USD 407.35 billion by 2032, at a CAGR of 13.0% from 2022 to 2032.

In the new age of marketing the social media is making a commendable progress in the growth of social media and destination market. In the modern era people are tech savvy, the upgraded devices and better network connectivity make it easy to access social media on anytime around the globe. This help travellers majorly as it enables traveller to get the information of the place in details.

The accessibility of details of the destination help them to decide and organize the trip to the place. The customer gets an opportunity to study the review of other visitors travel the place and also allow the traveller to share his feedback as a review on social media platform. The agencies channelize the information to promote the destinations on social media. The social media and destination market has helped to boost hospitality industry.

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Radonic+ a Canada based travel and tourism marketing agency help clients to promote their business on social media. They prepare strategy for branding and marketing of travel agencies and hotels. Marriot Hotel is one of client of Radonic+ and they promote the hotel with the help of social media and destination market.

As such, the global social media and destination market is estimated to expand at a CAGR of over 13.0% throughout the forecast period of 2022-2032, to be valued at US$ 407.35 Bn by the end of 2032.

Key Takeaways from the Global Social Media And Destination Market Study

In case of service type there can be high demand for both virtual tour and physical tour. The advertisement shown on social media are easy to access and easily navigate the user through the website from information overview to final booking on website. Furthermore, the social media advertisements are attractive and are interactive.
In case of application outlook, almost all type travel agencies, hotels, airline agencies, other tour aggregators use social media and destination marketing to promote their services on media platform. Apart from this the social media and destination market agencies help travel business to get a mass audience by creating attractive content on social media and with other social media strategies.

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Impact of COVID-19 on the Market

In the year 2020, the tourism and hospitality market faced an uncertain and dramatic hit of covid-19 wave that traumatize the entire industry. According to our analysis there was a 30% effect on entire social media and destination market. The government preventive measure on pandemic has affected the market. But there was an early recovery in social media and destination market. As social media market is overwhelming it benefited in recovery of the market.

There was a demand for virtual tour on social media platform for destination places. Also the growth in participant in the market boost the overall recovery of tourism industry. Therefore, social media in destination market was an important pillar of tourism industry during pandemic.

Who is winning?

Leading manufacturers of social media and destination market are focused on promotional strategies, upgradations and technological development, and new merger strategies that have driven sales growth of social media and destination market globally.

Major players present in the social media and destination market are Accord, MMGY Global, DCI Marketing, Screen Pilot, Net Affinity, Sojern, Cendyn, Digital Coconut, Guestcentric, Avvio, Olive Group, Ten 26 Media, Sagittarius, Radonic Rogers Strategy+ are among others.

Global Social Media and Destination Market by Category

By Service Type, Global Social Media and Destination Market is segmented as:

Virtual Tour
Physical Tour

By Types of Marketing, Global Social Media and Destination Market is segmented as:

Media Sharing
Micro Blogging
Social Review Sites
Advertisement Marketing

By Marketing Tools, Global Social Media and Destination Market is segmented as:

Biteable
Buffer
Buzzsumo
Meetedgar
Hootsuite

By Application Outlook, Global Social Media and Destination Market is segmented as:

Hotel
Airlines
Cruise
Travel Agencies
Others (Museums and Other Destinations)

By Tourist Type, Global Social Media and Destination Market is segmented as:

Domestic
International

By Social Media Platforms, Global Social Media and Destination Market is segmented as:

Google
Facebook
Twitter
Snapchat
Youtube
Instagram
Whatsapp

By Region, Global Social Media and Destination Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Inhalation And Nasal Spray Generic Drugs Market to expand at a CAGR of 8.96% during 2023-2033 | FMI

The global inhalation and nasal spray generic drugs market is projected to have a moderate-paced CAGR of 8.96% during the forecast period. The current valuation of the inhalation and nasal spray generic drugs market is US$ 20.78 Bn in 2023. The value of the inhalation and nasal spray generic drugs market is anticipated to reach a high of US$ 49.01 by the year 2033.

The primary factor that is driving the sales of inhalation and nasal spray generic drugs is the increasing prevalence of chronic respiratory disorders across the world. According to the Global Asthma Report, there are around 330 million people around the world who suffer from asthma, and it is anticipated that this number is expected to rise to more than 400 million instances by the year 2025. The primary factors contributing to an increase in the number of people diagnosed with asthma around the world include increased air pollution, smoking, and tobacco usage.

The inhalation and nasal spray generic drugs market are likely to be driven by factors such as the growing population of elderly people and the increased vulnerability of elderly people to persistent respiratory disorders. According to projections made by the WHO, by the year 2030, one in every six persons throughout the globe is anticipated to be 60 years old or older.

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In addition to this, it is anticipated that the global population of such people is expected to reach 2.1 billion by the year 2050. In addition, the Asthma and Allergy Foundation of America estimates that around 7.8% of the population in the United States were 65 or older and had asthma in the year 2020.

However, the demand for inhalation and nasal spray generic drugs is anticipated to be hampered by regulatory impediments brought on by strict rules for the selling of generic medications in countries such as Mexico and Russia.

For example, the regulatory authority of Mexico, COFEPRIS, has announced new rules for the issuance of registrations of generic pharmaceuticals. These new standards are likely to not include patents of new therapeutic uses in its linkage system. In addition, COFEPRIS provides a unique procedure window for the approval of generic pharmaceutical products in Mexico.

Key Takeaways

During the time covered by the projections, the Asia-Pacific region is anticipated to achieve a lucrative CAGR of 11.23%. The formation of strategic alliances in the region to facilitate the production of generic goods is largely responsible for the expansion of the region.
In 2021, North America maintained its position as the market leader, with a revenue share that was greater than 35.0%. The primary elements that are contributing to the expansion of this region are, in addition to the growing incidence of chronic respiratory disorders, the introduction of new products, the completion of acquisitions, and the formation of partnerships.
Due to rising costs associated with healthcare and robust demand for generic medications, retail pharmacies held the greatest revenue share in 2021, accounting for more than 55.0% of total revenue.
As a result of advantageous reimbursement rules and an increasingly older population, the homecare sector accounted for more than 50.0% of the total income generated in 2021.
In 2021, the adult patient segment was responsible for more than 40.0% of the revenue that was generated. The primary element that is contributing to the expansion of the segment is an increase in the number of adult patients who suffer from asthma and COPD.
Due to the widespread use of bronchodilators for the treatment of respiratory illnesses such as asthma and COPD around the world, the bronchodilators market category accounted for the greatest revenue share in 2021, which was over 25.0%.

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Competitive Landscape

Growth initiatives, such as product innovation, regulatory approval of new products, and mergers and acquisitions, are a primary emphasis of the inhalation and nasal spray generic drugs market leaders. For instance, Cipla Inc. submitted an ANDA for a generic version of Advair Diskus, fluticasone propionate, and salmeterol inhalation powder in May 2020. Phase three trials of the product were successfully completed by the company in April 2020. The following companies are leaders in the global market for generic inhalers and nasal sprays: