Overcoming Key Challenges in the Smart Insulin Pens Market Growth

The Global Smart Insulin Pens Industry is on the brink of a transformative journey, with projections indicating a remarkable surge from US$ 3,927.3 million in 2023 to an impressive US$ 8,750.7 million by 2033. The adoption of smart insulin pens is at the forefront of this industry evolution, poised for a significant Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period.

Amidst the escalating global diabetic population, there is a growing emphasis on innovative therapeutic strategies. Healthcare stakeholders and patients alike are seeking advanced solutions to effectively address the challenges associated with diabetes. In this context, smart insulin pens are emerging as a crucial component in the arsenal against diabetes.

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Manufacturers are thus capitalizing on these trends to launch fresh and inventive product lines, allowing them to gain a firm foothold in the market. Medtronic, for example, will debut its InPenTM smart insulin device with real-time GuardianTM Connect CGM Data in November 2020, making it the first smart insulin pen for diabetics who require many daily injections. BioCorp and Roche Diabetes Care just launched the Mallya smart insulin pen device in France in April 2021.

Key Takeaways from FMI’s Global Smart Insulin Pens Industry Report

Bluetooth-enabled Smart Insulin Pens will account for more than half of the revenue share by 2031.
According to indications, type 2 diabetes therapy will account for the majority of smart insulin pen deployment.
Smart Insulin Pens were primarily distributed through retail pharmacies, with e-commerce sales fast increasing.
The United States will see credible growth as the approval rate for new diabetes treatment devices rises.
Growing acceptance of needle-free insulin injections in the United Kingdom
In the long run, Germany and France will see increasing collaboration between key manufacturers.
A high concentration of regional manufacturers will drive growth in India and China.
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Global Smart Insulin Pens Industry – Key questions answered in the report

What trends are in store for the Global Smart Insulin Pens Industry growth?

According to FMI, the Global Smart Insulin Pens Industry is expected to reach multi-billion dollar valuations in both the short and long run, owing to an increase in the global diabetes population pool and the resulting increase in hospital workload. Bluetooth-enabled Smart Insulin Pens are predicted to stay in high demand.

Which is the most promising Global Smart Insulin Pens Industry?

According to FMI’s estimate, demand for Smart Insulin Pens is projected to continue high in the US market, owing to the government’s ongoing efforts to eradicate the diabetes epidemic through major advertising campaigns. Furthermore, with the presence of multiple regional-level producers, India and China are likely to emerge as the main markets in the Asia-Pacific region.

Global Smart Insulin Pens Industry Competitive Landscape

significant insulin pen manufacturers are efficiently using significant expansion tactics, such as new product releases and R&D, collaboration with current manufacturers, and outright/partial purchase of important market participants. The incorporation of virtual technological breakthroughs to improve diabetes care is being prioritized.

Novo Nordisk and the University of Toronto signed a CAD 40 million investment agreement in February 2021 to establish the Novo Nordisk Network for Healthy Populations. This network will concentrate on novel methods of diabetes management and chronic disease prevention. This will most likely aid in the creation of Smart Insulin Pens.

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Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter, and synchronization of data on the Cloud for use with mobile devices.

Global Smart Insulin Pens Industry Key Players

Digital Medics Pty Ltd.
Emperra GmbH e-Health Technologies
Companion Medical Inc.
Sanofi Aventis LLC
Novo Nordisk A/S
Eli Lily and Company
Companion Medical
Diabnext
Jiangsu Delfu Medical Device Co. Ltd.
DIAMESCO Co Ltd.
Patients Pending Ltd (Bigfoot Biomedical Inc.)
BERLIN-CHEMIE
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Global Smart Insulin Pens Industry – Key Segments Covered

Indication

Diabetes Type I
Diabetes Type II
Connectivity

Bluetooth Connected
USB Connected
Distribution Channel

Clinics & Ambulatory Surgical Centers
E-Commerce
Retail Pharmacies

Bariatric Surgery Device Market Outlook from 2024 to 2034

Future Market Insights (FMI), a leading market intelligence and consulting firm, has released a comprehensive study highlighting the optimistic growth trajectory of the Global Bariatric Surgery Devices Industry. The market is set to expand gradually, with a Compound Annual Growth Rate (CAGR) of 6.2% predicted for the years 2022-2032, ultimately reaching an impressive USD 3.09 Billion by 2032.

In response to the challenges posed by the pandemic, FMI embraced a multidisciplinary approach, steering a focused effort on the growth and development of the Global Bariatric Surgery Devices Industry. The study not only provides crucial insights into the current growth dynamics but also outlines major revenue reforms that prevailed in the market as of 2021. Furthermore, it offers key takeaways anticipated to shape the market over the forecast period.

Healthcare Industry

The team of analysts at Future Business Insights are focussing on research and market study to produce different Global Bariatric Surgery Devices Industry forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Global Bariatric Surgery Devices Industry.

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What are the Main Factors Affecting the Market Development for Bariatric Surgery Devices?

The market for bariatric surgical devices is thought to be primarily driven by the increased prevalence of obesity situations. The market for bariatric surgery equipment is anticipated to increase as the obsess population becomes more aware of the issue. Other factors influencing the growth of the market for bariatric surgery equipment include the availability of surgeons trained in bariatric surgical methods. Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment. preventing dangers associated with obesity

Access to surgeons trained in bariatric surgical procedures

Due to the increased demand for bariatric procedures, both experienced and newly trained medical surgeons are honing and qualifying their surgical techniques. As a result, there is an increase in demand for bariatric surgery equipment.

Preventing dangers associated with obesity

Obese patients are at an increased risk of developing diabetes, hypertension, gastric reflux diseases, and blood pressure difficulties. The need for bariatric surgery equipment has greatly increased because the operations are meant to avoid the development of these disorders.

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Less cutting techniques

Lower incisions are required for some bariatric procedures, such the small sleeve gastrectomy, which allows patients undergo the procedures without fear. Hospitals and weight-loss clinics use bariatric surgery equipment more as a result.

Key Players

Johnson & Johnson, Covidien Plc, Cousin Biotech, and Pare Surgical, Inc., among others are the some of the key companies in the Global Bariatric Surgery Devices Industry. Pharmaceutical and medical devices leaders such as Medtronic has launched flagship devices for sleeve gastrectomy, indicating the positive expansion of the global market. Government funding is also playing a major role in providing manufacturers with the capital required to produce enhanced devices for bariatric surgeries.

Segmentation

The global market for bariatric surgery devices can be segmented on the basis of the type of

bariatric surgery
device used
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Based on the different kinds of bariatric surgery procedures, the market is classified into,

Gastric Bypass Surgery
Sleeve Gastrectomy Surgery
Gastric Banding Surgery
Others
By device-type, the Global Bariatric Surgery Devices Industry is further segmented into,

Stapling Devices
Gastric Bands
Gastric Balloons
By Region

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

Comparative View of the Adjacent Medical Spa Market

In 2024, the Global Medical Spa Industry is projected to be valued at US$ 36,592.2 million. The growing demand for non-invasive cosmetic operations and relaxation therapies offered by medical spas is a result of consumers’ increased awareness of health and wellness. Through 2034, the demand for medical spas is expected to grow at a CAGR of 6.80%. The demand for cosmetic surgeries and anti-aging therapies is driven by the aging population, especially in developed nations.

The industry’s phenomenal expansion reflects a paradigm shift in the global approach to wellness and beauty, with medical spas emerging as key players in the pursuit of holistic healthcare and aesthetic enhancement. This substantial increase in valuation signals a growing consumer preference for comprehensive, state-of-the-art wellness solutions.

Embracing Aging with Grace: The World Health Organization (WHO) anticipates the geriatric population to reach 1.4 Billion by 2030. This demographic shift is driving a surge in the desire to look and feel appealing even as individuals age. As a result, the medical spa industry is expected to experience a significant upswing in the forecast period.

Pioneering Technological Advancements: Technological innovations are at the forefront of the medical spa market’s major trends. These advancements include state-of-the-art treatments such as radiofrequency body contouring, BTL aesthetics sculpt, microneedling, dermal or hydrafacial infusion toning, and muscle-sculpting treatments. Notably, in January 2022, Renew Medical Aesthetics launched a groundbreaking line of lip filler aesthetic treatments, available in two sizes: full syringe and half (mini) syringe.

The global medical spa industry is not only witnessing unprecedented growth but also evolving to meet the ever-growing demands of a diverse clientele. As individuals seek to maintain their youthful appearance and well-being, the medical spa market is expected to play a pivotal role in helping them achieve their goals.

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With consumers turning out to be all the more tech-savvy, the awareness regarding anti-aging solutions is on an exponential rise. Thus, the growing demand for anti-aging skincare solutions remains the key driver for the medical spa industry.

Skincare products are in great demand due to higher levels of pollution, adulteration in food products, use of biological substrates and hormones in dairy products, and exposure to harmful chemicals. Medical spas help in addressing early aging, premature hair loss, obesity, skin problems, and emotional ordeals caused due to them.

At the same time, higher monetary stakes involved in spa equipment are expected to restrain the medical spa industry going forward. The American Med Spa Association’s Supplement to Modern Aesthetics states that the price of laser hair removal in the US increased by more than 50% between 2011 and 2016 alone. The post-Covid era has resulted in an upsurge in these prices; specially to cover up the losses caused during lockdown.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Medical Spa Market’. It has a team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With the geriatric population on the rise, the global medical spa industry is slated to grow on an impertinent note going forward”, says an analyst from Future Market Insights.

Key Takeaways from the Medical Spa Industry

North America holds the largest market share with the US witnessing higher spending on wellness tourism (international as well as domestic). The current scenario is such that merely 206 medical spas are listed by the SIC in American Yellow Pages. 10K are expected to open shortly.
Europe holds the second-largest market share with The Netherlands, the UK, France, Germany, Belgium, Switzerland, Spain, Italy, Russia, and Turkey leading from the front.
The Asia-Pacific is expected to grow at the fastest rate in the medical spa market and the scenario is expected to remain unchanged even going forward with India, China, Singapore, Malaysia, and Thailand dominating.
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Competitive Analysis from the Global Medical Spa Industry

Longevity Health & Wellness Hotel, in August 2019, expanded its service unit all across Portugal. The spa center is abreast with preventive diagnostics, programs, and therapies, advanced wellness programs, and regenerative and modern integrative medicine.
Chic La Vie, in November 2021, tabled a Botox skin rejuvenating procedure wherein males could also try their hands at.
Bliss, in September 2018, floored medical spa services in New York. The company also entered into collaboration with Ideal Image (provider of aesthetic and laser hair removal services, so as to incorporate aesthetic services all across Manhattan.
Laser MD Medspa, in 2021, completed acquisition of Young Medical Spa for an undisclosed sum. The basic objective was to expand the operations in 4 locations at Pennsylvania. The company further aims to expand footprint in over 15 locations across Mid-Atlantic and northeastern regions.
What does the Report say?

The research study is based on service (body shaping & contouring, facial treatment, hair removal, scar revision, tattoo removal, and the other services).
With rising demand for minimally invasive treatments like non-surgical skin tightening, chemical peels, removal of tattoos, and body sculpting, the global medical spa industry is expected to grow on a grand note in the forecast period.
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Key Companies Covered:

Chic La Vie
Clinique La Prairie
Kurotel – Longevity Medical Center and Spa
Lanserhof Lans
The Orchard Wellness Resort
Biovital Medspa
Allure Medspa
Longevity Wellness Worldwide
Serenity Medspa
Bijoux Medi-Spa
Vichy Celestins Spa Hotel
Brenners Park-Hotel & Spa
Sha Wellness Clinic
Cocoona Centre of Aesthetic Transformation
Mezzatorre Resort & Spa
Aesthetics Medispa
Lily’s Medi Spa
Lisse
Global Key Segments Covered in Medical Spa Industry Survey:

Global Medical Spa Industry by Service:

Body Shaping & Contouring
Facial Treatment
Hair Removal
Scar Revision
Tattoo Removal
Other services
Global Medical Spa Industry by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

What Factors are Driving Cleanroom Technologies Market Growth?

The Global Cleanroom Technology Industry is on a remarkable growth trajectory, according to recent projections. The market, currently valued at an estimated US$7.6 billion in 2023, is anticipated to experience a monumental upswing, reaching a staggering US$13.9 billion by 2033. This signifies a phenomenal rise, more than doubling in size over the next decade. This press release explores the factors driving this expansion and the bright future of cleanroom technology.

The remarkable surge in the cleanroom technology market can be attributed to various factors driving demand. The industry is witnessing an escalating need for high-quality products that adhere to stringent regulatory requirements. Cleanroom technologies play a pivotal role in meeting these standards, offering customized solutions that not only ensure compliance but also contribute to cost reduction, quicker turnaround times, and improved product flow within cleanrooms.

One of the key catalysts for this growth is the continuous development of cutting-edge technologies within the sector. Innovations such as HEPA technology and the unidirectional airflow system are reshaping the landscape, enhancing the efficiency and efficacy of cleanroom operations. Furthermore, the advent of novel modular cleanroom technologies is providing businesses with unprecedented opportunities to elevate their industry standing while meeting the evolving demands of consumers.

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Rising demand for technologically sophisticated cleanroom products, as well as growing industry desire for certified products, are the key factors bolstering the worldwide cleanroom technology market’s growth. An increase in the frequency of infectious diseases, particularly in developing economies necessitates the use of cleanroom technology, which is expected to fuel market expansion in the future. Furthermore, the surge in demand for sterilized pharmaceutical items and cleanroom technology solutions in various industrial applications is further likely to propel market expansion.

Compliance with severe government requirements for cleanroom technology solutions is another factor driving the market expansion. To suit the different requirements of their diversified customer base, the leading companies offer bespoke cleanroom solutions, which provide abundant opportunities for manufacturers to extend their customer base while also favoring industrial expansion globally.

Global Cleanroom Technology Industry Key Takeaways:

The cleanroom technology market is expected to record a CAGR of 6.2% during the forecast period.
The increasing requirement for a controlled environment as well as tight regulatory guidelines in terms of environmental conditions are the key factors driving the cleanroom technology market
North America dominates the market for the cleanroom technology market.
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Key Developments in the Global Cleanroom Technologies Industry:

In 2021, RS Components collaborated with Kimberly-Clark Professional. The collaboration is projected to add 170 new products to the RS lineup, including well-known brands like Scott, Kimtech, Kleenex, and Wypall.
Exyte Group, based in Germany, acquired the Critical Process Systems Group (CPS) in 2021 from Wynnchurch Capital, a private equity firm. The acquisition expands the company’s services to present and new customers in the biopharma, life sciences, and semiconductor industries.
In June 2022, Ardmac welcomed Central to the Ardmac Group. Ardmac’s ongoing cooperation with United States-based Germfree Laboratories to deliver prefabricated turnkey modular cleanrooms and biosafety laboratories to the BioPharma and Healthcare industries throughout Europe is supported by Cental’s manufacturing competence.
Ardmac has worked on projects for more than 80% of significant FDI pharma and technology businesses in Ireland and Europe, including cleanroom projects for WuXi, Abbvie, and Boston Scientific, as well as Hyperscale Data Centres across Europe.
In March 2022, MRC Cleanrooms and Biologics Modular forged an association to deliver innovative cleanroom wall system technologies to the United States market. These modular wall solutions are expected to strengthen Biologics Modular’s present product matrix and offer MRC a strategic position.
Global Cleanroom Technologies Industry Key Players:

M+W Group
Azbil Corporation
Clean Rooms International
Kimberly Clark Corporation
Ardmac
Ansell Limited
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Global Cleanroom Technologies Industry Key Segment

By Product Type:

Equipment
Fan Filter Unit
HVAC Systems
Laminar Air Flow Systems and Biosafety Cabinets
HEPA Filters
Air Diffusers and Showers
Consumables
Safety Consumables
Cleaning Consumables
Controls
By End User:

Pharmaceuticals Industry
Biotechnology Industry
Medical Device Manufacturer
Hospitals
By Construction Type:

Standard/Drywall Cleanroom
Hardwall Cleanroom
Softwall Cleanrooms
Terminal Boxes

Comparative View of Adjacent Stoma/Ostomy Care Market By 2033 | FMI

The Global Stoma Ostomy Care Industry is set to achieve unprecedented growth, with a projected value of US$3.8 billion by the end of 2022. This remarkable surge is expected to continue with a compound annual growth rate (CAGR) of 4.9% throughout the forecast period from 2023 to 2033, positioning the industry to soar to an approximate value of US$6.5 billion by 2033.

Several key factors contribute to this extraordinary growth trajectory within the stoma care market. The rising prevalence of diseases necessitating ostomy care, combined with continuous advancements in surgical techniques and ostomy products, has played a pivotal role in propelling this significant expansion. Furthermore, heightened awareness and favorable reimbursement policies have created a supportive environment for the market’s sustained growth.

Among the most prevalent conditions requiring ostomy care are colorectal cancer, bladder cancer, and inflammatory bowel disease (IBD). These medical conditions often demand surgical intervention, such as surgical excision of aggressive melanoma of the intestine. In certain instances, patients require ostomy procedures, which involve the creation of a surgical incision through the abdomen to establish a new waste minimization conduit.

As we move forward, the stoma care market is poised to provide vital support and innovative solutions for individuals facing these medical challenges, contributing to improved healthcare outcomes and quality of life.

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The adoption of stoma ostomy care procedures has increased worldwide due to the rising occurrence of these diseases and increased exposure to risk factors such as changing eating habits and increased antibiotic use in children.

However, despite recent advancements, the stoma ostomy market faces several constraints that limit its growth potential. These include stoma care issues, discomfort and other concerns associated with ostomy products, societal stigma, and increased acceptance of alternative therapies, particularly in developing countries.

While stoma surgeries are generally safe, there are some risks involved, including life-threatening issues such as necrosis and exhaustion. As a result, the acceptance of stoma care appliances may be limited to some extent.

Global Stoma Ostomy Care Industry Key Takeaways:

The USA market will hold a market share of around 28.7% in the 2023 global market.
Germany is set to hold around 5.3% of the global market share in stoma ostomy care in 2023.
The Indian market is projected to expand at a CAGR of 3.8% during the forecast period.
Due to a growing number of patients suffering from target diseases such as colorectal cancer, Ostomy Bags is predicted to occupy a considerable revenue share of 84.3% in the global market by 2023.
Due to the rising frequency of IBD, bowel cancer, and colon cancer in both developed and developing nations, as well as the favorable reimbursement environment in developed countries, the colostomy sector is predicted to hold a high market share of 88.8% in the global market in 2023.
“Improvement in product design will remain a key differentiator as end users have to face stigma with the drainage bags,” reports an FMI analyst.

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Global Stoma Ostomy Care Industry Competitive Landscape

The European market for stoma ostomy care is the largest. However, according to recent trends, key players are focusing on the Asia Pacific market due to low labor costs and a large pool of patients.

Coloplast Singapore released SenSura Mio in February 2022, which uses the latest elastic adhesive technology and is appropriate for all peristomal body profiles. SenSura® Mio is being offered in Singapore for the first time in Southeast Asia to improve the quality of life for ostomytes, or those who have had an ostomy and now have a stoma.
Trio Healthcare received financing from SWK Holdings Corporation, a specialized finance company based in the United States, in February 2020, to accomplish significant local and global expansion ahead of an anticipated product launch in 2021.
Key Players in the Global Stoma Ostomy Care Industry

BAE Systems Plc, ConvaTec Inc., Hollister Inc., EuroMed, Inc, 3M Company, Smith & Nephew plc, FNC Medical, Nu–Hope Laboratories, Inc., Marlen Manufacturing & Development Co., Torbot Group, Inc, Cymed Micro Skin, Alcare Co., Ltd., B. Braun Melsungen AG., Salts Healthcare Ltd, Securi–T USA., Welland Medical Limited, Flexicare Group Limited.

More Insights Available

North America is expected to dominate the stoma care market, owing to the high incidence of colorectal cancer and inflammatory bowel disease in the region, as well as the high adoption rate of advanced stoma care products. The United States is the largest market in North America, followed by Canada.

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Global Stoma Ostomy Care Industry Key Segments

By Surgery Type:

Colostomy
Ileostomy
Urostomy
By Product:

Ostomy Bags
Ostomy Accessories
Belts & Tapes
Skin Protection &Skin Barrier
Irrigation Sets
Convex Inserts
Stoma Caps
By Application:

Cancer
Inflammatory Bowel Disease
Bowel Obstruction
Fecal Incontinence
Trauma and Infection
By End–Users:

Hospitals and Specialty Clinics
Home Care Settings
Ambulatory Surgical Centers
Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https: www.futuremarketinsights.com
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Comparative View for Medical Ventilators Market By 2033 | FMI

The latest market research conducted by Future Market Insights (FMI) predicts significant growth in the Global Medical Ventilators Industry. In 2023, the market is anticipated to be valued at US$ 1.7 billion, with a projected annual growth rate of 9.1% between 2023 and 2033, ultimately surpassing the US$ 4 billion mark by 2033.

The surge in construction activities and industrialization, driven by rapid urbanization, has led to an alarming increase in carbon emissions over the past few years. Consequently, there has been a notable rise in the incidence of respiratory diseases, such as COPD and asthma, among the population. This alarming trend has created a substantial demand for medical ventilators to address respiratory health issues.

The impact of the COVID-19 pandemic has further accelerated market growth. As a result of viral infections, many patients have required ventilator support. In response, governments around the world have made significant investments in medical ventilator procurement. For instance, in April 2020, the United States government entered into a US$ 1.1 billion contract with General Health and Philips to bolster ventilator supplies. Additionally, in the same month, the United Kingdom secured 300 new ventilators from China.

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The market has been witnessing technological advancements of late. The manufacturers have been enhancing the ventilators with sensors. This would ensure almost no interference from human beings. Thus, the human resource can be streamlined and directed to other important areas of the business.

Surging geriatric population across the globe is also expected to surge the sales of medical ventilators. This age group is prone to almost any kind of ailment, especially respiratory issues and cancer cases.

Thus, the FMI analysts believe that, ‘rapid urbanisation, COVID-19 pandemic, technological advancements, and a lot of other factors are expected to propel the medical ventilators market growth during the forecast period.’

Key Takeaways:

The market is expected to record a growth rate of 9.1%.
In 2023, the market valuation is expected to be at US$ 1.7 billion.
By 2033, the market value is expected to surpass US$ 4 billion.
As per the regional analysis, North America is expected to be the largest market.
The United States market is expected to grow at 6.8%.
The United Kingdom market is projected to advance at 5.8%.
China market is anticipated to surge at 14.7%.
Japan market is expected to advance at 9.1%.
South Korea market is anticipated to grow at 8%.
On the basis of product type, the critical care ventilators are expected to be the leading segment, and may surge at 8.6%.
On the basis of application, the invasive ventilators are projected to be the dominant segment, and is expected to grow at 7.5%.
Based on the end user, the hospitals segment is expected to be the leading segment.
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Competitive Landscape

The key players operating in the medical ventilators market are focusing on product innovation. On that basis, they are looking to integrate their products with latest microprocessors. There are also huge investments being made on Research and Development, with an aim to create best quality ventilators. The manufacturers are also investing on tactical mergers and acquisitions, with a view to expand their market share. With a view to achieve sustainable goals, the manufacturers are also looking to cut down green house emissions, and make use of eco-friendly facilities. In order to make new strategic moves, the key players are also roping in some of the most astute minds who have been a part of this niche for decades.

Top players in the market:

Cardinal Health
Becton Dickinson and Company
GE Healthcare
Key developments in the medical ventilators Industry:

In October 2022, new research conducted by Cardinal Health highlights rheumatologist’s increasing confidence on biosimilars.
In January 2023, Michelle Quinn was named as the acting General Counsel for Becton, Dickinson and Company.
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Medical Ventilators Industry Segmentation

By Product:

Critical Care Ventilators
Transport Ventilators
By Application:

Invasive Ventilators
Non-invasive Ventilators
By End User:

Hospitals
Ambulatory Surgical Centers
Long Term Care Centers
Home Care Settings
Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Cell Line Development Market Outlook from 2023 to 2033

The Global Cell Line Development Industry is projected to experience consistent growth over the next decade, according to a recent industry analysis. Valued at US$3.01 billion in 2022, the market is expected to climb steadily at a CAGR of 4.1%, reaching an impressive US$4.67 billion by 2033.

The substantial growth of the Global Cell Line Development Industry is predominantly attributed to the increasing adoption of bio-therapeutics for treating chronic diseases like arthritis, diabetes, and cancer. This surge in demand is driving the need for automated cell line development and cell line development services.

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The rapid increase in the prevalence of cancer and neurology disorders and the lack of efficient treatment solutions for these diseases have created the need for more advanced and efficient treatment pathways. Companies and government organizations are investing in research and development activities and are also focusing more on cell line development in search of new cellular pathways to develop novel drugs. The increased spending on biosimilar R&D from exiting biopharmaceutical companies would provide a boost to the Global Cell Line Development Industry.

In recent times contract research organizations have focused on cell line development and cell line research activities. According to the National Institutes of Health (NIH), the estimated total federal spending on all types of stem cell line research for 2017 is US$ 1.58 Bn. In developing countries like India, the government is supporting cell line development through national funding agencies like the Department of Biotechnology (DBT), the Indian Council of Medical Research (ICMR), and the Department of Science and Technology (DST).

Regenerative medicines are the next-generation treatment solution and Cell Line Development or Cell Culture is a vital part of regenerative medicine. Increasing demand for regenerative medicines in cancer treatment would positively impact the growth of the Global Cell Line Development Industry over the forecast period.

The biopharmaceutical companies operating in the development of novel drug lines are expected to hold promising revenue opportunities in the Global Cell Line Development Industry.

Future Market Insights (FMI) has segmented the Global Cell Line Development Industry based on product type, cell line source type, end user, type of cell line, and region.

Product type segment in the Global Cell Line Development Industry is segmented into media and reagents, equipment, and accessories. Reagents and Media are required from incubation to preservation of cell lines. These products are expensive and have repetitive use in cell culture or bio-production. The reagent and media segment in the cell line development market is expected to witness noteworthy growth in terms of revenue owing to a rapid increase in demand for cell culture and cell-based assays.

Global Cell Line Development Industry by cell line source is categorized into mammalian cells and non-mammalian cells. Mammalian cell line development is anticipated to witness significant growth in the overall Global Cell Line Development Industry. This growth of the mammalian cells segment in the cell line development market is driven by increased production of biologics drugs that require mammalian cells. Increasing antibody production is the major driving factor behind the growth of the mammalian cell lines segment in the Global Cell Line Development Industry.

Mammalian cell lines are used to create therapeutic proteins through genetic building and antibodies through viral infection. For example, Gaucher’s disease is a genetic disorder characterized by a lack of β-glucocerebrosidase enzyme and can be treated by Cerezyme which is a recombinant enzyme produced in mammalian cell lines. Mammalian cell lines are also useful in the production of antibodies and other therapeutic agents such as specific binding proteins that can neutralize disease-causing agents in the body. For example Under the cell line type segment in the Global Cell Line Development Industry, recombinant cell line development is the most demanding type of cell line due to its large application in biologics production, protein interaction, gene activation, toxicity testing, and drug screening.

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Growing application recombinant cell line development in drug toxicity testing is expected to boost the growth of overall cell line development during the forecast period

North American and European cell line development markets will dominate owing to increasing government funding in cell line development research and rising spending on biosimilar developments. Asia Pacific cell line development market is expected to grow at a high growth rate due to the increased number of research organizations engaged in novel biologics and biosimilars fastest revenue growth in the overall cell line development market.

The Asia Pacific region in the Cell line development market is anticipated to witness increasing demand for biopharmaceuticals and regenerative medicines are expected to boost the growth of the cell line development market.

FMI’s report tracks some of the key companies operating in the Global Cell Line Development Industry, such as Selexis SA, GE Healthcare, Corning Incorporated, Thermo Fischer Scientific, Inc., American Type Culture Collection (ATCC), Lonza (Sartorius Stedim Biotech S.A.), Danaher Corporation, Merck KGaA, WuXi Biologics.

Global Cell Line Development Industry Key Segments:

Reagent and Media
Equipment
Accessories and consumables
By Source Type:

Mammalian cell line
Non-mammalian cell line
By End User:

Biopharmaceutical Companies
Contract Research Organizations
Academics and Research Institutes
Biotechnology Companies
By Cell Lines:

Recombinant cell lines
Hybridomas
Continuous cell lines
Primary cell lines

Market Segments Covered in Prosthetics & Orthotics Market Analysis

The Global Prosthetics and Orthotics Industry is experiencing significant growth, driven by rising demand and technological advancements, according to a recent report by Future Market Insights (FMI). The market, valued at over US$6.5 billion in 2022, is projected to climb steadily at a Compound Annual Growth Rate (CAGR) of 6% to reach an impressive US$12.2 billion by 2033.

The surge in demand for prosthetics and orthotics is driven by various factors, including the escalating prevalence of arthritis among the elderly population, a rise in sports-related injuries, and continuous advancements in orthopedic technology. In 2022, the upper limb orthotics segment emerged as the dominant force in the market, providing invaluable benefits such as reduced pain and expedited mobility recovery.

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The rising senior demographic has become one of the main factors for the swelled demand for prosthetics and orthotics globally. According to the United Nations, the number of people aged 60 and over will more than double, from 962 million in 2017 to 2.1 billion in 2050. Elderly people are more vulnerable to such health conditions as osteoporosis and osteopenia, making them regular clients of orthopedic medications.

The increasing prevalence of osteosarcoma in young people and children is further upscaling the demand. The most common bone tumor in children is osteosarcoma. Osteosarcoma is typically treated with chemotherapy, surgery, and radiation. Post-operative treatment for patients recuperating from this procedure usually includes orthopedic devices and prostheses.

In 2022, North America held a significant share of the global Prosthetics & Orthotics market. Government support for the Prosthetics and Orthotics sector’s development, a high level of awareness about cardiovascular and neurological disorders for an aging population, and increased awareness of spending on sports injuries are expected to propel the demand forward. Besides, easy access to high-quality medical facilities and attractive reimbursement policies are some of the key drivers of regional market growth.

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Global Prosthetics and Orthotics Industry Competitive Landscape

Ossur
Blatchford, Inc.
Fillauer LLC
Otto Bock Healthcare GmbH
The Ohio Willow Wood Company
Ultraflex Systems
Steeper Group
Some of the recent developments of key Global Prosthetics and Orthotics Industry providers are as follows:

In October 2022, Endolite announced that Linx, its fully integrated, microprocessor-controlled lower limb system has been awarded a German Design Award in the ‘Universal Design’ category.
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Market Segments Covered in Global Prosthetics and Orthotics Industry Analysis

By Type:

Prosthetics
Upper Extremity
Lower Extremity
Liners
Sockets
Modular Components
Orthotics
Upper Limb
Lower Limb
Spinal
By Region:

North America
Latin America
Europe
Asia-Pacific
Middle East and Africa (MEA)

Comparative View of the Veterinary Molecular Diagnostics Market

The Global Veterinary Molecular Diagnostics Industry is poised for remarkable growth, with projections indicating a surge from US$182.1 million in 2022 to a staggering US$377.22 million by 2033. This substantial expansion is expected to unfold at a compelling Compound Annual Growth Rate (CAGR) of 6.84% between 2023 and 2033, as revealed by the latest market report from Future Market Insights.

In 2023, the industry is anticipated to be valued at US$194.47 million, setting the stage for a decade of consistent growth. The market’s upward trajectory is further underscored by the robust CAGR of 6.84%, emphasizing sustained market expansion over the next decade.

The rising demand for veterinary molecular diagnostics is a key driver behind this growth, with the adoption of multiple testing panels and the increasing consolidation within the veterinary diagnostics industry playing pivotal roles. The market is expected to witness an overall demand surge, culminating in a projected total value of approximately US$352.8 million by 2032.

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The market is segmented based on product type, disease type, species type, end-user, and region. Based on product type, the market has been segmented into four segments such as PCR kits, INAAT kits, microarray kits, and DNA sequencing kits.

The PCR kits segment is expected to be the fastest-growing segment over the forecast period, registering a significant CAGR of 7.8% in terms of revenue, over the forecast period. The increasing demand for advanced veterinary molecular diagnostic kits, such as RT-PCR kits, DNA sequencing kits, and microarray-based diagnostic kits owing to the growing number of diagnostic procedures in livestock and companion animals worldwide is expected to boost the growth over the forecast period.

The PCR kits segment dominates the market with a market value of US$ 63.4 Mn in 2017. Also, the segment is expected to maintain its dominance over the forecast period with a market value of US$ 124.0 by 2026 end and expand at a significant CAGR.

Based on disease type, the market has been segmented into Anaplasma spp., Ehrlichia spp., New Castle Disease, Influenza, Porcine Reproductive & Respiratory Syndrome (PRRS), and others.

Based on species type, the market has been segmented into livestock animals including Aquatic, Bovine, Porcine, Ovine, Poultry, and Equine.

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Based on end-users, the market has been segmented into veterinary hospitals, clinical laboratories, and veterinary research institutes.

Based on region, the market has been segmented into North America, Latin America, Europe, the Asia Pacific Excluding China (APEC), China, and the Middle East and Africa (MEA).

The increasing set up of new production facilities by the key manufacturers in growing economies coupled with increasing adoption of molecular diagnostic techniques in animals is anticipated to boost the production of molecular diagnostic kits and drive the growth of the Global Veterinary Molecular Diagnostics Industry over a forecast period.

This report assesses trends driving the growth of segmental markets and offers analysis and insights into regional North America is estimated to dominate the Global Veterinary Molecular Diagnostics Industry with a maximum value share by the end of 2017. By 2026, North American and European markets cumulatively are expected to account for over 67.8% revenue share of the global Global Veterinary Molecular Diagnostics Industry by the end of 2026.

Some key companies covered in this report include bioMérieux SA, IDEXX Laboratories, Inc., Thermo Fisher Scientific Inc., Qiagen N.V., Neogen Corporation, ID.Vet, INDICAL BIOSCIENCE GmbH, and Veterinary Molecular Diagnostics, Inc. These leading players focus on consolidating their position in the Global Veterinary Molecular Diagnostics Industry by actively participating in activities such as partnerships, mergers, acquisitions, and collaborations. Companies focus on extending their product line and expanding production capacities to meet the growing demands for veterinary molecular diagnostics kits worldwide.

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The Global Veterinary Molecular Diagnostics Industry is segmented as follows:

By Product Type

PCR kits
INAAT kits
Microarray kits
DNA sequencing kits
By Disease Type

Anaplasma spp.
Ehrlichia spp.
New Castle Disease
Influenza
Porcine Reproductive & Respiratory Syndrome (PRRS)
Others
By Species

Livestock Animals
Aquatic
Bovine
Porcine
Ovine
Poultry
Equine
Companion Animals
Canine
Feline
Avian
By End User

Veterinary Hospitals
Clinical Laboratories
Veterinary Research Institutes