Market Research Blog – Page 9700 – New Product Development

High Barrier Lidding Film Market is estimated to boom at a CAGR of 5.9% during the forecast period 2022-2032

The market for high barrier lidding film is expected to reach a value of US$2,203.7 million in 2022. Sales of high barrier lidding film are projected to grow at a CAGR of 5.9%, reaching a value of US$ 3,909.4 million, because to its great performance, low weight, attractive packaging, and attractiveness over the forecast period (2022-2032). During the previous year, high barrier lidding film sales climbed globally at a 3.2% CAGR (2017–2021).

The way food is packaged affects the entire production process. Contamination at the packaging stage is typically overlooked when it comes to food safety because the focus is on food preparation, even though packaging is already acknowledged as a quiet salesperson for manufacturers. Yogurt, soup, meats, cheese, and other food items are typically stored in containers that are frequently sealed with plastic bowls, cups, trays, and lids. Laminated materials such as foil, paper, polyester, PET, or a number of other metalized and non-metalized materials are widely used to provide high barrier lidding. They are designed to keep food products secure so they can remain on store shelves for longer.

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Key Players

Bemis Company, Inc.
DuPont Teijin Films US Limited Partnership
TCL Packaging Ltd
Golden Eagle Extrusions, Inc.
Sealed Air Corporation
Toray Plastics (America), Inc.
Schur Flexibles Holding GesmbH
Multi-Pastics, Inc.
Mondi Group
Clifton Packaging Group Ltd

High Barrier Lidding Film Market: Drivers and Restraints

The market for high barrier lidding films is anticipated to be driven by growth in the consumption of packaged food and beverages products across the globe. Customer preference for ready, fresh food and beverages packed in various sized trays and cups under low-oxygen MAP is fueling the growth of the global high barrier lidding films market.

However, environment as the biggest concern over the years, Biodegradability has emerged as major challenges and has hampered the growth of high barrier lidding films market to a large extend. With various government and non-government organizations continuously promoting the development of bio-based materials, it has also emerged as a significant opportunity for market players to develop biodegradable high barrier lidding films.

The High Barrier Lidding Film Market is Attributed to the Increasing Demand for Packaged Food and Beverages.

The consumption of packaged food and beverages is expected to increase globally, which is expected to boost the market for high barrier lidding films. Fresh food and drinks packaged in various-sized trays and cups under low-oxygen MAP are becoming increasingly popular with consumers, which is positively driving the growth of the global high barrier lidding films market.

Due to their busy lifestyles, customers constantly seek for handy goods like ready-to-eat foods and microwave cooking, which may considerably fuel market expansion.

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High Barrier Lidding Film: Market Segmentation

High Barrier Lidding Film Market by Product Type:

Cup High Barrier Lidding Films
Tray High Barrier Lidding Films
Top-Web High Barrier Lidding Films

High Barrier Lidding Film Market by Material Used:

Polyethylene (PE) High Barrier Lidding Films
Polypropylene (PP) High Barrier Lidding Films
Polyethylene Terephthalate (PET) High Barrier Lidding Films
Polyvinyl Chloride (PVC) High Barrier Lidding Films

High Barrier Lidding Film Market by Application:

High Barrier Lidding Films for Food and Beverages
High Barrier Lidding Films for Pharmaceuticals
High Barrier Lidding Films for Cosmetics
High Barrier Lidding Films for Consumer Goods

High Barrier Lidding Film Market by Region:

North America High Barrier Lidding Film Market
Latin America High Barrier Lidding Film Market
Europe High Barrier Lidding Film Market
Asia Pacific High Barrier Lidding Film Market
Middle East and Africa High Barrier Lidding Film Market

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Automotive Labels Market is projected to reach a valuation of US$ 11,245.6 Million by 2032

The market for automotive labels is anticipated to reach a value of US$ 7,290.5 million in 2022 and grow at a moderate CAGR of 4.3% over the same period. By 2032, the market is projected to increase to a value of US$ 11,245.6 million. According to Future Market Insights’ data, the historical CAGR was 3.5%. According to definitions, labelling is the process of giving things brief names to distinguish them from one another or other brands. Automotive labels are used in the industry to distinguish brands from one another and build a reputation for themselves.

Recent Development

A recent development identified in the automotive labels market is:

In March 2019, Linker announced the launch of its service to deliver AI-based auto-labeling with continuous learning for the autonomous driving industry. Linker’s auto-labeling technology is integrated with Microsoft Azure cloud services and is designed to deliver a seamless and scalable solution to pre-process datasets used for machine learning in vertically integrated industries such as autonomous driving.

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Some of the biggies revolutionizing the automotive labels market are:

3M
Adhesive Research, Inc.
AVERY DENNISON CORPORATION
CCL Industries
Dunmore
H.B. Fuller Company
Imagetek Labels
Lewis Label Products Corporation
Sika AG
UPM Raflatac

Driving Factors Propelling The Market Growth For Automotive Labels

A large number of factors are contributing majorly to the expansion of the automotive labels market, which is likely to fuel a steady growth of the concerned market in the coming years.

Recognition of information: Automobile labels are used for recognizing information written or printed on a cloth, polymer, paper, or other material attached to a particular vehicle’s parts. These labels are manufactured to withstand harsh weather conditions and provide identification, safety, usage information, and dating for consumer verification.

These labels are manufactured with acrylic films available in white lettering or black lettering. Thus, the ability of these labels to withstand any weather and the customized design requirements are anticipated to bring extensive growth to the automotive labels market.

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Automotive Labels Market – Dynamics

The automotive labels market is likely to get traction owing to the demand for active and smart labels during the forecast period. Rising demand for sustainable labels manufacturing techniques is also a major driving aspect for the growth of automotive labels market. Automotive labels market witnesses various prominent trends such as increasing demand for radio frequency identification (RFID) labels, latest technological developments in dermatology devices, and high growth in developing economies.

Automotive labels manufacturers provide a wide range of labelling mechanism which includes heat transfer labelling, pressure sensitive labelling, glue applied labelling, in-mold labelling and some other mechanisms. Automotive labels are durable and manufactured with UL listed vinyl and polyester label face sheet and many other adhesive combinations that make the label work for long term applications.

The automotive labels can be wrapped around the container for tamper evident safety. An attractive automotive label adds to the brand awareness of the product. Therefore manufacturers continue to provide eye catching labels to compete in automotive after-market stores.

Automotive Labels Market – Dynamics

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Key Segments In The Automotive Labels Market

By Material Type:

Polyethylene (PE)
Polyethylene terephthalate (PET)
Acrylonitrile butadiene styrene (ABS)
Polypropylene (PP)
Polyvinyl chloride (PVC)
Polycarbonate (PC)
Others

By Mechanism:

Glue applied labels
Pressure-sensitive labels
Heat transfer labels
In-mold labels
Others

By Application:

Engine components
Interior
Exterior
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Polywoven Bags Market is projected to grow at a CAGR of 4.6% during the forecast period 2022 – 2032

The market for polywoven bags, which had a value of US$ 4991 million in 2022, is projected to reach US$ 7801.3 million in 2032 and develop at a CAGR of 4.6% over the course of the forecast period.

The demand for polywoven bags is anticipated to increase due to the growing requirement for product storage as well as a number of other considerations. The fact that polywoven bags significantly contribute to guaranteeing product safety by extending the shelf life of the stored goods is what drives their sales.

Who are Some of the Key Market Players in the Polywoven Bags Market?

Some of the key players in the polywoven bags market are:

H Polesy & Co Pty Ltd, LC Packaging,
Mondi Group,
Anita Plastics Inc.,
Knack Packaging,
AEP Industries Inc.,
Interplast Group,
Hanoi Plastic Bag JSC,
Da Nang Plastic Joint Stock Company,
Bischof & Klein GmbH & Co,
Inova Pvt. Ltd., and
Daman Polyfabs.

Currently, all the key players are working towards providing sustainable solution for packaging. They are looking for ways to ensure that minimum wastage is generated from the production process, and the world remains a cleaner place to dwell.

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In June 2022, Mondi group’s stand-up retort pouch recyclable scoops Swiss Packaging awards, thereby demonstrating packaging innovation and creativity.
In April 2022, LC packaging and M B Nieuwenhuijse collaborated with Plastic Bank to help turn the tide on ocean plastic to secure a sustainable future for the generations to come.

Global Polywoven Bags Market: Drivers and Restraints

Polywoven bags carry advantages such as re-usability, Durability, light in weight, waterproof with a laminated film coating, tear resistant, low in cost over other packaging solutions that are available in the market. Thus, this factors majorly drive the global polywoven bags market across the globe.

The rise in population leading to the increase of urbanization is anticipated to fuel the demand for agricultural production across the world, and hence polywoven bags market is estimated to witness a significant growth rate over the forecast period. On the other hand, constant fluctuations in prices of raw material are expected to hinder the demand for polywoven bags.

Also, manufacturing of polywoven bags to a large extent is dependent on the agricultural production in the corresponding regions. These factors act as restraining forces that can hinder the growth of global polywoven bags market. 

Global Polywoven Bags Market: Regional Overview

Geographically, the global polywoven bags market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

As compared to other regions, Asia-Pacific region is expected to dominate the global polywoven bags market over the forecast period. Increase in agricultural production owing to satisfy the needs of growing population in the developing economies like India & China is the primary reason to drive the growth of polywoven bags market in this region.

Also, increase in demand for construction materials such as cement, sand has led to growth in the application for polywoven bags in Asia-Pacific region. North America and Europe regions have a matured market for polymer manufacturing companies, and thus, the demand for polywoven bags is expected to show a steady rate of growth over the forecast period.

Latin America region is the one of the largest exporter of agricultural produce across the globe, and hence polywoven bags market in this region is expected to show an exponential growth.  Growth in infrastructure development with an increase in requirement of construction material in the Middle-East and Africa has led to the growth of polywoven bags market. Overall, the global polywoven bags market is expected to grow at a healthy CAGR over the forecast period 2017-2025 

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Key Segments Profiled in the Polywoven Bags Market Survey

By Product:

Linear Polywoven Bags
Non-Linear Ploywoven Bags

By Material:

Polypropylene
Polyethylene

By Application:

Fertilizer bags
Flour bags
Seed bags
Solid chemicals
Cement bags
Sugar/Salt Packaging bags
Sand bags

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Container Stacking Machine Market is forecast to register a 4.2 % CAGR during the forecast period 2022 – 2032

In 2022, the market for container stacking machines will likely be worth US$2,307.9 Million. Global demand for container stacking machines has increased as a result of increasing marine traffic and the ongoing need for effective port container placement solutions. The market is anticipated to grow at a CAGR of 4.2% from 2022 to 2032 and reach a worth of US$ 3,482.6 Million.

“Continuous growth in commodity exports has greatly increased the need to preserve space at the international ports. To increase labour efficiency and container stacking management, major manufacturers continuously invest in stack reacher feature enhancement.

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Market Competition

Some of the key participants present in the global Container Stacking Machine market include

Baltkran,
Hyundai same crane division,
Kenz figure,
Konecranes,
Kunz, Liebherr international Deutschland,
Mitsui Engineering & Shipbuilding,
Paceco,
Tab Gmbh Rostock,
TCM by Unicarriers,
Terex, and ZPMC, among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Baltkran, Hyundai same crane division, Kenz figure, Konecranes, Kunz, and Liebherr international Deutschland, account for a considerable market size, several regional level players are also operating across key growth regions, particularly in Europe.

Recent Development

In July 2021, Hyundai Infra Solutions (HIS) was launched through a vertical spin-off to specialize its existing business, strengthen its competitiveness, and gain new growth momentum. The Hyundai Infra Solutions spin-off will allow HSHI to focus on the construction of ships, meanwhile, HIS will be dedicated to manufacturing cranes and bulk handling plants.
In June 2021, Liebherr launched a new LHM mobile harbor crane 800 for Veemnatie in Antwerp to increase the handling capacity. Veemnatie NV is a joint venture between 5de Havendok NV and Steinweg in Belgium.
In June 2021, Konecranes launched a new generation of energy-efficient mobile harbor cranes. Generation 6 marks the first comprehensive revamp of Konecranes Gottwald’s mobile harbor crane portfolio in 15 years.

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Market Dynamics on Container Stacking Machine Market

Drivers:

Many factors drive the global container stacking machine market and some of the key factors which are highlighted are end to end service offering by container stacking machine market which makes it a stand out point of differentiation.

Along with the need to evolve from the earlier traditional way of doing business to IT support channels and this is possible with the enormous investment made by container stacking machine manufacturers which lead to a unique experience on business to business level. These is equally supported by the flexibility based charging to address the business uncertainty and to reduce risk from the distributers.

Restraints:

At the same time, the variation in supply and demand is the main reason that creates an imbalance which leads to volatility in revenue of container stacking machine market. Along with the high rate of unused containers which poses a serious fall back to container stacking machine market.

One of the worst prudence faced by small players is squeezing of the market in a dirty price war game in which the major players dominate the market eventually leaving small players with no chance of profit which indirectly pushes them on the verge of closure. And also a sudden change in the dependent factors such as gases, etc which automatically affect the demand of correlated industries such as food and beverages which rely heavily on container stacking machine market.

As per the statically data published by world trade organization of the last decade, regions such as Asia, Europe and North America itself accounted for more than 80 percentage of trade. Merchandise trade between the developing nations has also significantly increased, showing positive signs of growth in regions of Asia. 

Brazil, China and India are a point of interest in coming years. With strong initiatives taken by the developing nations, it is bound to have a positive impact on packaging industry and eventually container stacking machine market.

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Which Are Some Prominent Drivers Spearheading Container Stacking Machine Market Growth?

The constantly increasing containerized trade, coupled with the rising trend of port automation to cope up with the increased demand, has led to automated equipment for container handling being offered, which, in turn, is driving the demand for container stacking machine market globally.

In addition, to meet the stringent emission norms, machines with higher fuel efficiency, and lower or zero emissions are in demand, which are expected to escalate the growth of the Container Stacking Machines Market over the analysis period.

Millions of goods containers from different industries, such as automotive, chemicals and materials, petrochemicals, and consumer goods, are traded every year around the globe.

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Oncology Information Systems Market is expected to grow to US$5.4 Bn by 2032 | FMI

[333 Pages Report] The oncology information system market is expected to expand at a 7.8% CAGR. The oncology information system market is expected to grow from USD 2.59 billion in 2022 to USD 5.48 billion by 2032.

The increasing incidence and prevalence of cancer, as well as the growing need to reduce the cost of cancer care, are driving the oncology information system market growth, as are the potential benefits offered by oncology information systems in cancer treatment, management, and planning.

Attributes	Details
Oncology Information Systems Market CAGR (2022-2032)	7.8%
Oncology Information Systems Market Size (2022)	USD 2.59 Billion
Oncology Information Systems Market Size (2032)	USD 5.4 Billion

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The oncology information system market includes software and services used for comprehensive information and image management, which aids in the management and optimization of cancer patient profiles and treatment.

Leading oncology information system marketplayers’ sales and operating incomes have decreased as a result of COVID-19. Inventory was reduced as a result of tight production controls.

The rising incidence of cancer cases is one of the major factors driving the oncology information system marketgrowth. There are a few other factors driving the oncology information system market key trends and opportunities, such as the growing need to reduce oncology care costs and the growing adoption of oncology information system along with electronic health records (EHR) and other oncology information systems.

A major impediment to implementing OIS solutions in hospitals is a lack of qualified resources influencing the oncology information system market future trends along with oncology information system market opportunities. Currently, the demand for healthcare IT professionals outnumbers supply in both developing and developed oncology information system market, including the United States and Europe.

Asia Pacific accounted for 17.8% of the oncology information system market. The Asia Pacific oncology information system market is expanding due to several factors, including rising cancer prevalence and increased investment in the implementation of IT solutions in healthcare settings which h influences the oncology information system market adoption trends.

KEY TAKEAWAYS:

The oncology information system market has been divided into two segments: solutions and professional services. The solutions segment accounted for the majority of revenue i.e. 73.4%.
The solutions segment is further subdivided into patient information systems and treatment planning systems, with the latter accounting for the lion’s oncology information system marketshare.
Medical oncology accounted for the largest oncology information system marketshare of global revenue, accounting for 61.4% of total revenue.
In 2021, the North America regional oncology information system market had the highest oncology information system marketshare’s revenue of 38.5%.
The software segment accounted for 83.6% of the product and service oncology information system market.
Radiation oncology accounted for 53.8% of the oncology information system market.
Asia Pacific accounted for 17.8% of the oncology information system market.

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COMPETITIVE LANDSCAPE:

Key oncology information system marketcompanies are primarily focused on incorporating technological innovation with the introduction of web-based oncology solutions and AI-based oncology information system solutions with the goal of improving the treatment regime, which is expected to positively impact oncology information system marketgrowth in the near future.

Prominent Players :

Elekta AB
Accuray Inc.
Varian Medical Systems
RaySearch Laboratories
Cerner Corp.
BrainLab
Philips Healthcare
Prowess, Inc.
DOSIsoft S.A.
ViewRay Inc.
MIM Software
Flatiron

RECENT DEVELOPMENT:

Varian Medical Systems, Inc. announced a USD 10.0 million investment and a strategic collaboration agreement with COTA, Inc., a curator of clinical data in the oncology sector, in 2020.
Siemens Healthineers (Germany) completed the acquisition of Varian Medical System in August 2021. (UK). The goal of this acquisition was to create a one-of-a-kind, highly integrated portfolio of oncology information system workflow.
Koninklijke Philips N.V. (The Netherlands) and Elekta (Sweden) will collaborate in June 2021 to develop advanced, comprehensive, and personalised cancer care through precision oncology information solutions.
McKesson Corporation (US) has launched Ontada, an oncology technology and insights business dedicated to advancing cancer research and care, in December 2020.

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Key Segments

By Product:

Solutions
- Patient Information Systems
- Treatment Planning Systems
Professional Services

By Application:

Medical Oncology
Radiation Oncology
Surgical Oncology

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Biotherapeutics Virus removal filters Market is anticipated to be valued at US$ 424.3 Million in 2022 | FMI

[290 Pages Report] The increasing investment by the government is the major role for better healthcare is expected to drive the market. The companies are engrossed in introducing the products for combat dressing. The biotherapeutics virus removal filters market is classified by technology, application and end user. In terms of technology, the global market of biotherapeutics virus removal filters is divided into size exclusion technology and depth filtration technology. By application the biotherapeutics virus removal filters market is segmented as monoclonal antibodies, blood & plasma, enzymes and protein. By end user, the biotherapeutics virus removal filters market is segmented into biopharmaceutical companies, clinical research organizations, academic institutes and others. Among all end user, biopharmaceutical companies are expected to gain maximum value share over the forecast period.

Biotherapeutics Virus removal filters Market Overview

The biotherapeutics virus removal filters provide robust and economic solutions to stop the potential viral contaminants in a sample from the desired product. By using virus removal technique, all the non-enveloped viruses can be completely removed from the sample. The biotherapeutics virus removal filters are basically used during the manufacturing of biotherapeutic drug products or samples such as therapeutic replacement enzymes, antibodies, blood, derivatives of plasma and biopharmaceuticals.

The biotherapeutics virus removal filters can be used either in vivo or in- vitro environment. In biotherapeutics virus removal filtration, the virus removability is based on size-exclusion mechanism that is those viruses which are superior to the mean pore size, they became trapped.

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Biotherapeutics Virus removal filters Market: Drivers and Restrains

The global biotherapeutics virus removal filters market is anticipated to register a significant CAGR over a forecast period. The pre-determined risk of contamination in biotherapeutic products is the major factor that can upsurge the growth of the biotherapeutics virus removal filters market.

The global market of biotherapeutics virus removal filters market is driven by the increasing investments in research sector by government. The lack of experience and less awareness can be the factors which can hamper the growth of the market of biotherapeutics virus removal filters.

Biotherapeutics Virus removal filters Market: Regional overview

On the basis of geography, biotherapeutics virus removal filters market is segmented as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia-Pacific and Middle East & Africa. North America is expected to dominate the biotherapeutics virus removal filters market due to the advent of advanced technologies in this region.

Europe is also contributing the moderate shares to the market due to the advanced medical facilities and easy availability of the biotherapeutics virus removal filters in the market. APAC is the most lucrative market for the biotherapeutics virus removal filters due to increasing research facilities and developing biopharmaceutical industry in the region is expected to show a robust growth to the global biotherapeutics virus removal filters market.

MEA is at a nascent stage to the global biotherapeutics virus removal filters market and anticipated to register a decent growth to the market over a forecast period. Overall, the global biotherapeutics virus removal filters market is expected to show significant growth over a forecast period.

Biotherapeutics Virus removal filters Market: Key Players

Some of the major players in the market are Pall Corporation, Z-Medica, LLC, Asahi Kasei Corporation, Merck KGaA, Sartorius AG and others.

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

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The report covers exhaust analysis on:

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

Regional analysis includes:

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

Biotherapeutics Virus removal filters Market: Segmentation

The biotherapeutics virus removal filters market is classified into technology, application and end users.

Biotherapeutics Virus removal filters Market is segmented, by Technology –

Size Exclusion Technology
Depth Filtration Technology

Biotherapeutics Virus removal filters Market is segmented, by Application –

Monoclonal Antibodies
Blood & Plasma
Enzymes
Proteins

Biotherapeutics Virus removal filters Market segmented, by End User-

Biopharmaceutical Companies
Clinical Research Organizations
Academic Institutes
Others

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Report Highlights:

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

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Direct-to-Consumer Genetic Testing Market is expected to grow at a CAGR of 11.2% from 2022 to 2032

[300 Pages Report] As per Future Market Insights’ latest study, the global direct-to-consumer genetic testing market stood at around US$ 1.3 Bn in 2021 and is projected to exhibit a CAGR of 11.2% over the forecast period, with an estimated valuation of US$ 4.0 Bn in 2032.

The direct-to-consumer genetic testing market is expected to grow at a steady pace due to increasing demand for personalized medicines in healthcare facilities for personal use, as well as safety of patients’ health. Emergence of various epidemics and their looming health dangers is also projected to boost the demand for direct-to-consumer genetic testing solutions among the general public and healthcare professionals, thereby supporting the market.

Direct-to-Consumer Genetic Testing Market Estimated Size (2022E)	US$ 1.4 Bn
Projected Market Valuation (2032F)	US$ 4.0 Bn
Value-based CAGR (2022-2032)	11.2%
Collective Value Share: Top 5 Countries (2022E)	56.4%

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Furthermore, ongoing in terms of characterization of DNA sequence variants related to the risk of commonly diagnosed diseases such as Crohn’s disease, type-2 diabetes, breast cancer, MI, and prostate cancer are set to aid growth. Despite significant attempts by dedicated researchers, only a few sequence variants associated with these diseases had been appropriately verified by replication in well-powered studies before 2006.

In addition, development of cutting-edge microarray genetic analysis technologies is expected to enable researchers to determine genotypes at hundreds and thousands of single-nucleotide polymorphisms (SNPs) instantaneously and cost-effectively across the genome. Additionally, key players are focusing on novel product developments with enhanced efficacy in terms of efficiency and safety.

For instance, in August 2020, Ancestry, a global leader in family history and consumer genomics, announced the launch of AncestryHealth. It is powered by next generation sequencing (NGS), which would help in providing easy access to important information about wellbeing to consumers.

Key Takeaways: Direct-To-Consumer Genetic Testing Market

By product, the ancestry tests segment is projected to held approximately 8% of the direct-to-consumer genetic testing market share in 2021.
Based on technology, the single nucleotide polymorphism chips segment generated a market share of around 5% in 2021.
In terms of sample, the saliva category held approximately 3% of the direct-to-consumer genetic testing market share in 2021.
The U.S. direct-to-consumer genetic testing market remained at the forefront in 2021 by generating a share of 1%.
In Asia Pacific, China direct-to-consumer genetic testing market is anticipated to exhibit steady growth at a CAGR of 5% in the forthcoming years.

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“Rising initiatives to promote health & well-being and introduction of microarray genetic analysis platforms are set to propel the direct-to-consumer genetic testing market across the globe,” says an analyst of Future Market Insights.

Market Competition

The direct-to-consumer genetic testing market is fragmented with the presence of various local, emerging, as well as established players across the globe. Key players are initiating promotional activities to introduce novel direct-to-consumer genetic testing kits with enhanced efficacy.

In October 2021, 23andMe, Inc. signed a merger agreement with Lemonaid Health, Inc. The acquisition would provide customers with telemedicine facilities for the assessment of their medical health and other related services online.

More Valuable Insights on Direct-To-Consumer Genetic Testing Market

Future Market Insights offers a unique perspective and actionable insights on the direct-to-consumer genetic testing market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research study is based on the product (pharmacogenetics tests, carrier screening tests, genetic health risk (GHR) tests, cancer predisposition tests, low-risk general wellness tests, and ancestry tests), technology (single nucleotide polymorphism chip and whole-genome sequencing), sample (saliva, blood, and urine), sales channel (institutional sales (hospitals, specialty clinics, diagnostic laboratories, and others) and retail sales (retail pharmacies and online sales)) across seven key regions of the world.

Key Players :

23andMe
Ancestry DNA
Color Genomics, Inc.
Genetic Technology (EasyDNA)
Full Genomes Corporation, Inc.
Helix OpCo LLC
IDENTIGENE, LLC/ DNA Diagnostics Center
Living DNA Ltd
MyHeritage Ltd
Prenetics Limited
Family Tree DNA
Interleukin Genetics/orig3n
Counsyl/Myriad Genetics, Inc.
Veritas Genetics
Fulgent Genomics

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Direct-to-Consumer Genetic Testing Market Outlook by Category

By Product:

Pharmacogenetics Tests
Carrier Screening Tests
Genetic Health Risk (GHR) Tests
Cancer Predisposition Tests
Low-Risk General Wellness Tests
Ancestry Tests

By Technology:

Single Nucleotide Polymorphism Chip
Whole Genome Sequencing

By Sample:

Saliva
Urine
Blood

By Sales Channel:

Institutional Sales
- Hospitals
- Specialty Clinics
- Diagnostic Laboratories
- Others
Retail Sales
- Retail Pharmacies
- Online Sales

About FMI:

Steroid-Free Nasal Sprays Market is projected to reach US$ 14.9 Billion by 2032 | FMI

[225 Pages Report] Steroid-free nasal sprays are medications that are directly delivered to nasal cavities with the avoidance of first-pass metabolism and also provide better bioavailability. It includes nasal antihistamine sprays, nasal decongestant sprays, nasal anticholinergic sprays, and nasal cromolyn sodium sprays.

As per Future Market Insights’ latest industry analysis, the global steroid-free nasal sprays market was valued at over US$ 7.75 Bn in 2021 and is expected to exhibit a CAGR of 6.3% over the forecast period, pushing the market size to US$ 14.9 Bn by 2032.

Data Points	Market Insights
Steroid-free Nasal Sprays Market Base Yea Value (2021)	US$ 7.7 Bn
Estimated Market Size (2022)	US$ 8.1 Bn
Projected Market Valuation (2032)	US$ 14.9 Bn
Value-based CAGR (2022-2032)	6.3%
Share of Top 5 Countries	57.9%

There is a subsequent rise in the prevalence of allergic rhinitis worldwide due to several risk factors including urbanization and environmental pollutants. According to a recent study conducted in 2022, allergic rhinitis affects about 25% to 40% of the population worldwide. It also states that approximately 80% of allergic rhinitis symptoms develop before the age of 20.

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Recently, there has been an increasing emphasis on mental illnesses due to the significant rise in cases of major depressive disorders. Among these, depression is a common mental disorder. According to WHO, approximately 280 million people of all ages suffer from depression.

Due to rising adverse effects of depression, manufacturers in the steroid-free nasal sprays market are focusing on introducing products that can be used for the treatment of these disorders in the most effective manner.

Moreover, an increased number of regulatory approvals have been observed in the steroid-free nasal sprays market which is propelling the launch of innovative products. Therefore, manufacturers in the market are focusing on getting regulatory approvals to improve sales in the market.

“Rising availability of generic nasal sprays, along with increasing promotional activities by manufacturers at online channels will boost sales of steroid-free nasal sprays over the assessment period,” says an FMI analyst.

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Key Takeaways:

Based on product type, sales of nasal antihistamine sprays will increase at a 5.9% CAGR through 2032.
The aqueous by formulation segment dominated the steroid-free nasal sprays market with around 4% share in 2021.
In terms of distribution channels, demand in the institutional segment will grow at a 6% CAGR through 2032.
North America accounted for the highest share of 6% of the global steroid-free nasal sprays market share in 2021.

Competition Landscape

Prominent players operating in the global steroid-free nasal sprays market are focusing on the development, launch, and approval of innovative products to improve their product portfolios. For instance:

In February 2022, Glenmark Pharmaceuticals Limited along with SaNOtize Research & Development Corp. announced the launch of FabiSpray, the nitric oxide nasal spray for the treatment of COVID-19 in India.
In March 2021, Cipla Limited announced that it has received final approval from the FDA for its abbreviated new drug application (ANDA) for Sumatriptan Nasal Spray, 20 mg which is an AB-rated generic therapeutic equivalent version of GlaxoSmithKline’s Imitrex nasal spray.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the steroid-free nasal sprays market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032. The global steroid-free nasal sprays market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The steroid-free nasal sprays market is segmented into three parts based on the product (nasal antihistamine sprays, nasal decongestant sprays, nasal anticholinergic sprays, nasal cromolyn sodium sprays, and others), formulation (aqueous, suspension, nonaqueous-based solution, hydroalcoholic, emulsions, and dry powder/micro particles) and distribution channel- (institutional sales {hospitals, specialty clinics, community clinics, public health agencies, and others}, retail sales {retail pharmacy, drug stores, mail order pharmacy}), across seven key regions of the world.

Key Players :

Janssen Pharmaceutical, Inc.
Astra Zeneca Plc.
Cipla Ltd.
Glenmark Pharmaceuticals
Glaxosmithkline Plc.
Novartis International AG
Procter & Gamble
Sanofi S.A. (Sanofi-aventis LLC.)
Boehringer Ingelheim GmbH
AdvaCare Pharma
Bayer AG (Bayer Consumer Health
Covis Pharma S.a.r.l.
Nipro Corporation (NIPRO JMI Pharma Ltd.)
Viatris Inc. (Meda Pharmaceuticals Inc.)
Perrigo Company plc
AptarGroup, Inc.
Berry Global, Inc.
URSATEC GmbH
Gerresheimer AG
Avantor, VWR International, LLC
Spectrum Laboratory Products, Inc. (Spectrum Pharmacy Products)
SKS Bottle & Packaging, Inc.
Coster Tecnologie Speciali S.p.A

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Steroid-Free Nasal Sprays Market by Category

By Product:

Nasal Antihistamine Sprays
Nasal Decongestant Sprays
Nasal Anticholinergic Sprays
Nasal Cromolyn Sodium Sprays
Others

By Formulation:

Aqueous
Suspension
Nonaqueous-Based Solution
Hydroalcoholic
Emulsions
Dry Powder/Micro Particles

By Distribution Channel:

Institutional Sales
- Hospitals
- Specialty Clinics
- Community Clinics
- Public Health Agencies
- Others
Retail Sales
- Retail Pharmacy
- Drug Stores
- Mail Order Pharmacy

About FMI:

Medical Penlights Market is projected to amass a revenue of around US$ 362.1 billion by 2032

[342 Pages Report] Medical penlights are preferred over flashlights in all the medical settings due to the professional look and more visual clarity than flashlights. Medical penlights are the used by doctors, nurses and emergency medical technicians for a general examination of mouth, ear, eyes etc.

Medical penlights are preferred by medical professionals due to a compact size and they are easy to fit into pocket or clip board. Medical penlights are mainly used for pupil test. The most common test performed using medical penlights is consensual constriction test –a test used to check reflex and brain function. Medical penlights are either disposable or reusable.

Reusable medical penlights are preferred over disposable medical penlights as they have long battery life and low lumen focus. Based on the light source, medical penlights can be classified as LED lights and medical penlights with an incandescent bulb. Disposable LED medical penlights are generally used by emergency medical technicians who have different needs in penlight.

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LED medical penlights are brighter than penlights with an incandescent bulb. Emergency medical technicians prefer disposable medical penlight as they do not require to carry extra batteries. New features in medical penlights such as integrated pupil gauge and stylus make it more attractive to medical professionals as these medical penlights allow professionals to check on patients and immediately update their record.

Some of the leading brands in medical penlights market include Thrunite TI4T, BOVIE FLUORO-DOT, Welch Allyn Professional Penlight, Stylus, Dixie EMS Disposable Penlight, Escolite, etc. among others.

Medical Penlights Market: Drivers and Restraints

The market for medical penlights is ever growing as medical penlights are essential in every clinic or medical settings which provide primary healthcare. However, technological advances in medical penlights such as UV medical penlights for use in minor surgical procedures, LED medical pens, etc. are expected to fuel the growth of global medical penlights market.

Medical penlights with metal light beams such as cobalt light, halogen lights etc. Availability of special pediatric medical penlights further increases the demand for medical penlights across the globe. However, alternatives for pupil test such as visual screeners are expected to deter the demand for medical penlights over the forecast period.

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Medical Penlights Market: Overview

Availability of durable medical penlights for hospitals and clinic settings and disposable penlights for emergency medical technicians is attributed to continuous and steady consumption of these products in the global market.

Among both LED and incandescent bulb medical penlights, incandescent medical penlights are preferred and expected to dominate the global market as they provide better tissue color rendition which could be important to doctors and nurses. Among all end users of medical penlights, clinics segment is expected to dominate due to the high density of primary care services provided by them.

Medical Penlights Market: Regional Outlook

Geographically, global medical penlights market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate global medical penlights market due to a high number of hospitals and independent medical practitioners. Western Europe is expected to be the second largest market medical penlights.

Asia Pacific market is expected to experience the highest growth rate in terms of volume due to numerous local suppliers from China and Japan.

Medical Penlights Market: Key Players

Some of the players identified in global medical penlights market include ThruNite, Bovie Medical Corporation, Welch Allyn Inc., Streamlight Inc., Dixie USA EMS Supply Company, Beaver Visitec International, American Diagnostic Corporation, GF HEALTH PRODUCTS, INC., BV Medical, Medline Industries Inc., Rudolf Riester GmbH, Essilor etc. 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 Profiled in the Medical Penlights Market Survey

By Method:

LED Medical Penlights
Medical Penlights with incandescent bulb

By Light Output:

White Light
Blue Light
Red Light
Green Light
UV Light

By Usage:

Disposable Medical Penlights
Reusable Medical Penlights

By End Use:

Hospitals
Clinics
Diagnostic Centers
Emergency Medical Camps
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
The Middle East and Africa

About FMI:

Medical Germicidal Lamps Market is expected to be US$ 560.5 Million by 2032

Medical germicidal lamp is a medical device used to visualize low contrast objects and small cavities within the body. This is used by surgeons in dental surgery, optical surgery, neuro surgery, endoscopic surgery. Medical germicidal lamps provide higher intensity and bright light, which is optimally shadow free, and can be used for viewing the body cavities during surgery. Germicidal lamps use ultraviolet light which is used for sterilization and disinfection without the use of chemicals. Medical germicidal lamps are often used to keep the disease under control so it doesn’t spread in the medical field.

These medical germicidal lamps have strong effect of ultraviolet energy which is good for sanitizing the air and killing germs & bacteria. With the help of medical germicidal lamps, fungi, moulds, mildews and many kinds of viruses can be killed. Medical germicidal lamps are used in hospitals for sterilizing surgical instruments as well as air in the operation theatre. Medical germicidal lamps use UV light, which is a short wave ultraviolet light, decapitate the bacteria, protozoa, virus and DNA base pairing.

There are three types of medical germicidal lamps namely low pressure lamps, high pressure lamps and LEDs. Low pressure lamps are similar to florescent lamps and are the most common medical germicidal lamps which provide excellent efficiency coupled with low power consumption. High pressure lamps are similar to HID lamps which radiate broad band ultraviolet radiation. High pressure lamps provide very bright white light. LEDs are the ultraviolet-C LED which use semiconductor material that produce light in a solid state device.

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Medical Germicidal Lamps Market: Drivers and Restraints

Medical germicidal lamps market is driven by the rise in number of surgeries and increasing demand for better healthcare facilities. Technological advancements have transformed the global medical germicidal lamps over the year and will continue to do so due to high demand of these lamps in surgery and invasive procedures. Medical germicidal lamp market is expected to grow due to enhancement of its new technology under controlled conditions. Manufacturers are more focused on top R&D facilities for further improvement and accuracy in working on new product development in developed nations. High cost of CFL and LED lamps and economic slowdown in the some of the developing economies is more likely to inhibit the growth of the medical germicidal lamp market.

Medical Germicidal Lamps Market: Key Players

Some of the key players in the medical germicidal lamps market are Steril-Aire, Spectronics Corporation, Herolab GmbH, UVP, LLC, American Ultraviolet, Light Sources, Inc., Atlantic Ultraviolet Corporation, Sankyo Denki Co.,

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 indices. The report also maps the qualitative impact of various market factors on market segments in respective geographies.

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The report covers exhaustive analysis on:

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

The regional analysis includes:

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

Medical Germicidal Lamps Market: Segmentation

Tentatively, global Medical Germicidal Lamps Market has been segmented on the basis of end user, and geography.

Based on technology, global medical germicidal lamps market is segmented as below:

LED surgical lamps
CFL surgical lamps
Halogen surgical lamps

Based on product type, global medical germicidal lamps market is segmented as below:

Ceiling mount surgical lamp
Surgical headlight lamp
Dental light lamp
Laser light
Others

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Report Highlights:

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

About FMI: