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San Francisco, 22 Sep 2023: The Report Photoacoustic Imaging Market Size, Share & Trends Analysis Report By Product (PAT, PAM), By Type (Pre-clinical, Clinical), By Application (Oncology, Cardiology, Angiology), By Region, And Segment Forecasts, 2021 - 2028
The global photoacoustic imaging market size is expected to reach USD 235.9 million by 2028, registering a CAGR of 19% over the forecast period, according to a new report by Grand View Research, Inc. A rise in the number of cancer cases worldwide and a growing scope of applications are driving the market. In addition, increasing usage of the photoacoustic imaging(PAI) system in research studies in the field of non-ionizing radiation is expected to boost the market growth. When compared to other imaging modalities, PAI improves understanding, characterization, and monitoring of pathologies, allowing for earlier detection, more accurate diagnosis, and better disease management. PAI has grown significantly in the last two decades due to advantages like high resolution, high contrast, deep imaging, and the capacity to perform multiscale structural and functional imaging.
An increase in demand for PAI in research and development activities is likely to boost market growth over the forecast period. However, present imaging systems have some limitations in terms of cost, acquisition time, and limitations set by ANSI laser safety regulations, which may have a negative impact on the overall market. The growing number of applications in the field of oncology, cardiology, angiology, orthopedics, histology, and interventional radiology is likely to contribute to market expansion, such as diagnosis of cancer as well as conditions like fibrosis, perfusion, edema, hypoxia, and necrosis. Its ability to analyze functional data, such as hemoglobin concentration, oxygen saturation, and fat content, is also remarkable.
The prominent market players are taking different initiatives, such as the acquisition and funding of medium- and small-sized businesses, to expand their product portfolio and enhance their manufacturing capacity. For instance, in October 2021, iThera Medical, a medical device company, announced its funding for the Horizon Europe technology innovation project FRONTIER.iThera Medical will use this project to translate its patented optoacoustic imaging technology from the research facility to routine clinical imaging, giving clinicians throughout the world a powerful new diagnostic tool.
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Photoacoustic Imaging Market Report Highlights
The Photoacoustic Tomography (PAT) segment dominated the market in 2020 and is expected to continue its dominance throughout the forecast period
The preclinical type segment dominated the market in 2020 owing to the widespread use of PAI in the research studies
The clinical segment is estimated to grow at the fastest CAGR over the forecast period due to the expanding spectrum of applications in clinical studies
The oncology application segment held the largest share in 2020. PAI system can detect tumors in radiologically dense breasts without causing painful breast compression, which drives their demand in this application segment
North America dominated the market and accounted for the largest revenue share in 2020
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period
The growth is credited to the presence of untapped opportunities in the emerging economies, such as China and India
Photoacoustic Imaging Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 69.8 million
Revenue forecast in 2028
USD 235.9 million
Growth rate
CAGR of 19% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Photoacoustic Imaging Market
Advantest Corp.
TomoWave
Kibero GmbH
FUJIFILM VisualSonics, Inc.
Seno Medical Instruments
iThera Medical GmbH
Aspectus GmbH
Vibronix, Inc.
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San Francisco, 22 Sep 2023: The Report Suture Needles Market Size, Share & Trends Analysis Report By Shape (Straight Shaped, J Shape), By Type (Tapercut, Conventional Cutting), By Application (Cardiovascular, Veterinary Procedures), By Region, And Segment Forecasts, 2021 - 2028
The global suture needles market size is expected to reach USD 740.9 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. An increasing incidence of chronic diseases and a rising number of surgical procedures are driving the market.
In 2020, the COVID-19 pandemic stunted the market growth owing to the supply shortages of medical equipment because of temporary lockdowns of manufacturing sites in COVID-19-affected countries and travel restrictions affecting shipments.
However, as the global economy returns to normal, the number of surgical procedures on hold will gradually increase, leading to market growth during the beginning of the first quarter of 2021.
The market growth is projected to be restrained by an increase in the number of suture needle injuries. Many healthcare professionals, particularly in super-specialized hospitals and tertiary care centers, have begun to use surgical staplers for suturing, which may act as a further restraint and lower the demand for suture needles.
Technological advancements such as endo-mechanical, suture, and curved needle technologies and advanced new laparoscopic suturing needles, combined with composite materials, have resulted in improved health outcomes, higher satisfaction, and surgical treatment timeliness. As a result, advanced technology is expected to drive the market forward.
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Suture Needles Market Report Highlights
By shape, the straight shaped needles segment held the largest revenue share in 2020 due to its easy accessibility during surgeries, along with its high flexibility, greater strength, and pliability as compared to other shapes
Based on type, tapercut needles held the largest revenue share in 2020. The taper-point needle is used to puncture easily penetrated tissues (such as subcutaneous layers, abdominal viscera, peritoneum, and dura) while minimizing fascia tearing, which is anticipated to boost the demand for suture needles
North America is expected to maintain its lead over the forecast period owing to technological advancements, an increase in patients opting for cosmetic procedures, and the high rate of adoption of minimally invasive treatments for cardiovascular diseases
Suture Needles Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 494.6 million
Revenue forecast in 2028
USD 740.9 million
Growth Rate
CAGR of 5.2% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Suture Needles Market
Medtronic
Futura Surgicare Pvt. Ltd.
Johnson & Johnson Medical N.V.
Aurolab
Natsume Seisakusho Co., Ltd.
Alfresa Pharma Corporation
Bear Medic Corporation
SUTUREX & RENODEX
Teleflex Incorporated
Smith & Nephew
Hu-Friedy Mfg. Co., LLC
FSSB Chirurgische Nadeln GmbH
Burtons Medical Equipment Ltd.
Advin Health Care
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San Francisco, 21 Sep 2023: The Report Hospital Consumables Market Size, Share & Trends Analysis Report By Product (Non-woven Disposable Products, Disposable Medical Gloves), By Region (North America, APAC), And Segment Forecasts, 2021 - 2028
The global hospital consumables market is expected to reach USD 713.1 billion by 2028, registering a CAGR of 10.89% over the forecast period, according to a new report by Grand View Research, Inc. Hospitals, private medical practices, and patients, especially in developed nations, are gradually shifting towards utilization of disposable hospital consumables due to convenience and safety offered by these products. Therefore, the product demand is rapidly increasing across the globe, thereby driving market growth. Moreover, the increasing prevalence of Hospital-Acquired Infections (HAIs) is creating high product demand in hospitals as well as other healthcare settings.
For instance, out of every 100 hospitalized patients, 7 in developed and 10 in developing countries are affected with at least one Healthcare-associated Infections (HCAIs). Several measures, including the usage of disposable & sterile products, disposable gloves, medical gauze, tapes, procedure kits & trays, and other disposable hospital consumables, are now being utilized to prevent and reduce the prevalence of HAIs. Moreover, expanding infrastructure and rising demand for maintenance & hygiene in healthcare institutes are further boosting the market growth.
Many hospitals and health care centers are considerably focusing on upgrading the quality of infrastructure, maintaining hygiene, and efficacy of operational systems, which will have a positive impact on the market growth. In addition, a large population base in developed countries, such as the U.S., is able to spend and afford better-quality healthcare. According to CMS.gov, the U.S. healthcare expenditure grew 4.6% in 2019, reaching USD 3.8 trillion or USD 11,582 per person, accounting for 17.7% of the nation’s GDP. Thus, increasing healthcare expenditure is also one of the key factors stimulating market growth.
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Hospital Consumables Market Report Highlights
The non-woven disposable products segment held the largest revenue share in 2020 and will expand at a steady CAGR over the forecast years retaining the leading market position
This growth is credited to the high prevalence of HAIs and subsequently rising hospital admissions for surgeries
The market in the Asia Pacific region is expected to register the fastest CAGR from 2021 to 2028
This growth is owing to the increasing population coupled with the rapid expansion of the medical tourism sector in the region
Key players focus more on business strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the global market
Hospital Consumables Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 345.99 billion
Revenue forecast in 2028
USD 713.17 billion
Growth rate
CAGR of 10.89% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Hospital Consumables Market
McKesson Medical-Surgical Inc.
Medline Industries, Inc.
Braun Melsungen A.G.
Terumo Medical Corporation
Owens and Minor
Smith And Nephew, Inc.
Cardinal Health
3M
Baxter
Fresenius Medical Care AG & Co. KGaA
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San Francisco, 21 Sep 2023: The Report Drainage Bottles Market Size, Share & Trends Analysis Report By Application (Accel Evacuated, Urostomy/Urinary), By End Use (Hospitals & Clinics, Homecare, Nursing Facilities), By Region, And Segment Forecasts, 2021 - 2028
The global drainage bottles market size is anticipated to reach USD 704.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. Increasing incidence of accidents, increasing prevalence of diseases such as uremia and cardiovascular disease, and rising number of thoracic surgeries are driving the market.
Drainage bottles are used in surgeries such as thoracic surgery, and in the treatment of wounds. Thus, the increasing prevalence of wounds and rising number of accidents are a few factors increasing the demand for drainage bottles. For instance, as per the National Health Portal, in India, approximately 7 million people suffer from a type of burn injury every year. In addition, as per CDC, every year approximately 1.35 million people are killed in road accidents across the globe. Furthermore, around 20-50 million people suffer non-fatal injuries resulting in long-term disabilities.
During the COVID-19 pandemic, the demand for drainage bottles has increased due to the increased number of hospital admissions of people suffering from COVID-19. The increasing prevalence of COVID has also resulted in other diseases such as pneumonia, which do require chest drainage for treatment, thus, increasing the demand for drainage bottles.
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Drainage Bottles Market Report Highlights
On the basis of application, the chest drainage segment dominated the market with a share of 26.0% in 2020, owing to the high adoption of drainage bottles during cardiovascular procedures and outbreak of COVID-19
Based on end use, the hospitals & clinics segment dominated the market with a share of 63.0% in 2020. The segment growth is majorly driven by the increasing number of patients suffering from cardiovascular disorders
Asia Pacific dominated the market with the highest revenue share of 30.07% in 2020, owing to the presence of a large patient pool along with the rising aging population
Drainage Bottles Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 467.2 million
Revenue forecast in 2028
USD 704.3 million
Growth Rate
CAGR of 6.0% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Drainage Bottles Market
PAHSCO
PFM Medical, Inc.
Lily Medical Corporation
Hospitech
MEDINORM Medizintechnik GmbH
Jigsaw Medical, LLC
Braun Medical Inc.
Sterimed Group
Rocket Medical plc
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San Francisco, 20 Sep 2023: The Report Buccal Drug Delivery Systems Market Size, Share & Trends Analysis Report By Type (Buccal Tablets & Lozenges, Sublingual Films), By Application, By End-user, By Region, And Segment Forecasts, 2021 - 2028
The global buccal drug delivery systems market size is expected to reach USD 5.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.2% from 2021 to 2028. Buccal drug delivery systems have gained significant momentum since the last decade. Elimination of first-pass metabolism, quick absorption of the pH-sensitive drug, no interaction with stomach acid, quicker onset of action than any oral dose, minimal side effects, and reduced drug degradation are some of the factors fueling the market growth. Buccal drug delivery has gained large acceptance among geriatric patients and patients having difficulty swallowing.
Leading players like Generex, NovaDel, Biodiversity Sciences International, and Transcept Pharmaceuticals are constantly developing critical drugs like insulin, heparin, morphine, long-lasting pain analgesics, and some anti cardiac drugs into rapid mists, mucoadhesive discs, and lozenges. Commercialization of this research would eventually lead to being a major life savior as it would ensure the faster onset of action and eliminate drug degradation. Despite the increased R&D activity among market players, asteep decline was observed in the sales and revenue gainsdue to the outbreak of the Covid-19 pandemic. Except for covid medications, several other drug markets were majorly hit leading to the dip in the market for buccal drug delivery. However, it is expected to bounce back by 2022.
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Buccal Drug Delivery Systems Market Report Highlights
The buccal tablets and lozenges type segment accounted for the largest revenue share in 2020 due to its wider acceptance among patients
The smoking cessation application segment held the largest share in 2020. Buccal drug delivery is often the most preferred and effective formulation for treating patients with smoking or nicotine addiction
The hospital end-user segment captured the largest revenue share in 2020 owing to a large number of admissions of geriatric patients and abundant medication supplies
North America held the largest revenue share in 2020 due to a large number of leading manufacturers and growing research in the region
Buccal Drug Delivery Systems Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 3.2 billion
Revenue forecast in 2028
USD 5.9 billion
Growth Rate
CAGR of 9.2% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Buccal Drug Delivery Systems Market
Teva Pharmaceutical Industries Ltd.
Pfizer Inc.
GlaxoSmithKline plc.
Indivior Pharmaceuticals
Generex Biotechnology
Catalent
ARx LLC
BioDelivery Sciences International, Inc.
Cynapsus Therapeutics Inc.
Endo Pharmaceuticals plc
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San Francisco, 20 Sep 2023: The Report Rat And Mouse Model Market Size, Share & Trends Analysis Report By Type (Knockout, Knock-in), By Technology, By Service (Breeding, Rederivation), By Application (COVID-19, CVS), By End-use, And Segment Forecasts, 2021 - 2028
The global rat and mouse model market size is anticipated to reach USD 2.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2021 to 2028. Recent advancements in the field of genetic engineering including piggyBac technologies, Cas-CLOVER, and CRISPR/Cas9 facilitate researchers to develop immunodeficient rat models which can be used for human cell/tissue regeneration and transplants.
Key companies have leveraged advanced technologies such as machine learning, big data analytics, genome engineering tools, and next-generation sequencing technology to develop mouse and rat models with more human-like microbiomes, immune systems, and genetic backgrounds. For instance, models from the Jackson Laboratory reflect the genetic diversity showcased by the human population.
Market participants are focused to develop novel methods to certify that in vivo and in vitro testing complement each other. In this regard, an increase in the adoption rate of organoid systems has been observed. These systems guide engineering as well as enhance the use and selection of animal models. Moreover, the rise in utilization of mouse model in the analysis of SARS-CoV-2 infection in upper and lower respiratory tract infections drives the global market.
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Rat And Mouse Model Market Report Highlights
The outbred model system generated the largest revenue amongst model type as outbred strains are genetically diverse and feature well-characterized, stable genetic variation which accurately reflects the genetic structure of human populations
Therefore, outbred strains such as the Diversity Outbred (DO) mice are used to analyze the genetic complexity behind cancer, autoimmune disorders, addiction, obesity, heart disease, diabetes, and Alzheimer's disease
The CRISPR/Cas9 segment is anticipated to witness the fastest CAGR from 2021 to 2028 as CRISPR/Cas9 can target any definite exons for exclusion or inclusion within an mRNA
Additionally, the use of the CRISPR/Cas9 system to generate the knockout mouse models simplifies the whole process and reduces the timeframe from 1-2 years to 6 months
The cryopreservation segment is expected to gain significant traction during the forecast period
The technique provides a fast and reliable procedure for archiving sperm and embryos of valuable mice strains
Cancer is the largest revenue-generating application segment as the mouse and human genomes are homologous. Thus, it provides a good tool for cancer research as well as for drug discovery
Pharmaceutical and biotechnology companies dominated the end-use segment in terms of revenue share in 2020. Rat and mice models are some of the most used animal models in drug discovery
Techniques such as CRISPR/Cas9, homologous recombination, and random transgenesis help the biotech and pharma companies to analyze hypotheses or to generate rat models for human diseases
Genetically engineered models play a vital role to assess and characterize target identification, disease pathology, and in vivo assessment of new molecular entities
Profitable opportunities offered by the developing nations and have attracted investments from global companies in the Asia Pacific region
For instance, in July 2021, ERS Genomics Limited signed a non-exclusive license agreement with Japan SLC. This provided the latter access to CRISPR/Cas9 patent portfolio offered by ERS Genomics
As Japan SLC offers transgenic, hybrid, congenic, immunodeficient, inbred, and outbred animal models to research organizations; an addition of CRISPR/Cas9 technology will enhance its portfolio for rat and mouse models in Japan
Rat And Mouse Model Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 2.03 billion
Revenue forecast in 2028
USD 2.93 billion
Growth Rate
CAGR of 5.5% from 2021 to 2028
Base year for estimation
2020
Historical data
2018 - 2019
Forecast period
2021 - 2028
List of Key Players of Rat And Mouse Model Market
Charles River Laboratories International, Inc.
The Jackson Laboratory
Laboratory Corporation of America Holdings (Covance)
Perkin Elmer (Horizon Discovery Group plc)
genOway
Envigo
JANVIER LABS
Taconic Biosciences, Inc.
Biomedical Research Models (Biomere)
Transpogen Biopharmaceutical, Inc.
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San Francisco, 20 Sep 2023: The Report Automated Suturing Devices Market Size, Share & Trends Analysis Report By Product (Disposable, Reusable), By Application (Cardiac, Orthopedic, Gastrointestinal, Ophthalmic), By End Use, By Region, And Segment Forecasts, 2021 - 2028
The global automated suturing devices market size is expected to reach USD 5.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2021 to 2028. The factors influencing market growth include the increasing prevalence of chronic disorders, the growing geriatric population, rising preference of minimally invasive surgeries over traditional methods, growing technological advancements, and novel innovations in surgical equipment is also propelling the growth. However, lower penetration of automated suturing devices in developing economies and a lack of skilled professionals are expected to hinder market growth.
The increasing prevalence of minimally invasive surgeries for the preventive treatment of chronic disorders such as cardiac, orthopedic, gastrointestinal, and gynecological surgeries is expected to fuel market growth. Minimally invasive surgeries have advantages such as safety, shorter hospital stay and recovery time, and an overall reduction in hospital bills. These minimally invasive surgeries are economically viable alternatives to open or traditional surgeries. Technological advancements in minimally invasive surgeries and the introduction of new products in the market are among factors expected to drive the market.
Furthermore, the increasing geriatric population leads to a heavy financial burden on the global healthcare system. According to Population Reference Bureau, in the U.S., the number of people aged 65 years and above is expected to reach 95 million by 2060. Such a sudden increase in geriatrics is expected to increase the demand for automated suturing devices for preventive surgeries and which in turn, fuels market growth.
Increasing number of initiatives being undertaken by governments and nonprofit organizations to increase awareness about minimally invasive surgeries is expected to boost the adoption of automated suturing devices used for preventive treatment.
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Automated Suturing Devices Market Report Highlights
The reusable automated suturing devices segment has captured the largest revenue share in 2020
The cardiac segment dominated the market and accounted for revenue share in 2020 followed by the orthopedic segment in 2020 owing to the rising burden of cardiovascular disorders is the major factor contributing to segment growth
The ASC segment is predicted to witness the fastest growth rate over the forecast timeframe due to increasing patient footfall and quick turnaround
North America dominated the market and is predicted to maintain its dominance over the forecast period
Automated Suturing Devices Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 3.2 billion
Revenue forecast in 2028
USD 5.1 billion
Growth Rate
CAGR of 6.7% from 2021 to 2028
Base year for estimation
2020
Historical data
2017 - 2019
Forecast period
2021 - 2028
List of Key Players of Automated Suturing Devices Market
Medtronic Plc
Boston Scientific
BD
EndoEvolution
LSI Solutions, Inc.
Smith & Nephew
Sutrue
Apollo Endo-surgery
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San Francisco, 20 Sep 2023: The Report Pulse Electromagnetic Field Therapy Devices Market Size, Share & Trends Analysis Report By Application (Bone Growth, Pain Relief), By Power (Low Frequency, High Frequency), By End-use, And Segment Forecasts, 2021 - 2028
The global pulse electromagnetic field therapy devices market is expected to reach USD 693.3 million by 2028, registering a CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing focus on the development of advanced products is expected to boost the market growth. Furthermore, increasing cases of sports injuries and road accidents are expected to boost the demand for these devices, thereby augmenting the market growth. For instance, according to the WHO, about 1.3 million people die every year due to road traffic crashes.
Strict lockdown restrictions have been put in place across various regions to limit the spread of the COVID-19 disease. With travel restrictions, quarantine as well as complete lockdowns in several countries, the economy has been slackened down and is moving into a state of recession. This has also included the healthcare systems across the globe. Furthermore, the COVID-19 pandemic affected traumatology and orthopedics, wherein nonurgent consultations were canceled and elective surgeries were postponed to reduce the risk of infection for medical staff as well as patients. Hence, the pandemic created a negative impact on the market growth.
The U.S. FDA has approved pulse electromagnetic fields (PEMFs) as an effective and safe treatment for nonunion of bone. After the FDA approval, the product usage for bone repair has increased in Europe as well as in the U.S., fostering the overall market growth. Also, numerous studies have reported that the efficacy of these devices in treating nonunion fractures, with the healing rate, ranges from 68% to 90%. Earlier in vivo and in vitro studies demonstrated that the application of PEMF therapy increased the expression of growth factors and improved the local environment to facilitate the bone healing process.
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Pulse Electromagnetic Field Therapy Devices Market Report Highlights
The low-frequency power segment accounted for the largest revenue share in 2020 as these devices are shown to be nonionizing and nonthermal
The pain relief application segment accounted for the highest revenue share in 2020 owing to the increasing cases of pain-related disorders
The hospitals end-use segment dominated the global PEMF therapy devices market in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
The home care settings segment is expected to experience the fastest growth rate throughout the forecast period owing to the increasing popularity of PEMF therapy devices along with increasing social media influence
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period due to the rising cases of sports injuries and fractures
Pulse Electromagnetic Field Therapy Devices Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 409.5 million
Revenue forecast in 2028
USD 693.3 million
Growth rate
CAGR of 7.8% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Pulse Electromagnetic Field Therapy Devices Market
Bedfont Scientific
Orthofix Holdings
I-Tech Medical Division
OSKA
Medithera
NiuDeSai
Nuage Health
Oxford Medical Instruments Health
Bemer, LLC
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San Francisco, 18 Sep 2023: The Report Weight Loss Supplements Market Size, Share & Trends Analysis Report By End User (18-40 Years, Under 18 Years), By Distribution Channel (Offline, Online), By Type (Powders, Pills), By Ingredient, And Segment Forecasts, 2021 - 2028
The global weight loss supplements market size is expected to reach USD 116.6 billion by 2028, registering a CAGR of 16.6% over the forecast period, according to a new report by Grand View Research, Inc. Rising cases of obesity across the globe coupled with increasing consumer awareness levels about following a healthier and fit lifestyle will drive the market. In addition, a rising number of fitness centers and gyms in several countries and increased awareness about the importance of weight loss supplements are projected to drive the market growth. Moreover, rising disposable income levels and improved accessibility & affordability of surgeries are propelling the market growth.
The growing number of bariatric surgeries across the globe per year is expected to positively contribute to the growth of the market. As per the American Society for Metabolic and Bariatric Surgeries (ASMBS) estimates in 2017, approximately 228,000 individuals underwent a weight loss surgery in the U.S. whereas, 580,000 patients globally undergo bariatric surgeries every year. Furthermore, individuals are actively participating in fitness activities and signing up for gyms & wellness centers’ memberships. The growing awareness levels about obesity-related health ailments are expected to drive product consumption. As per the International Health, Racquet & Sportsclub Association (IHRSA) estimates, there has been a 27% rise in the number of health club members, from 58 million in 2010 to 73.6 million in 2019. The number of health clubs in the U.S. also increased by 5.2%, from 36,540 in 2016 to 38,447 in 2017.
The powder type segment dominated the market in 2020 with the growing need to curb obesity and prevent obesity-related health ailments. The vitamins & minerals segment dominated the market owing to the rise in health consciousness and increased number of fitness centers & gyms across various countries. The age group of 18-40 years old dominated the market due to the rising healthcare expenditure and reversal of sedentary lifestyles. Asia Pacific dominated the global market due to the growing prevalence of obesity in developing countries and rising expenses of bariatric surgeries.
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Weight Loss Supplements Market Report Highlights
The global market size is anticipated to be valued at USD 116.6 billion by 2028 due to the growing cases of obesity across the globe
Based on type, the powder segment dominated the market due to higher bioavailability and regulated dosage of powders to support weight control and physical activity
The vitamins & minerals ingredient segment led the market due to rising awareness regarding the health benefits associated with these supplements
In the end-user segment, the age group of 18-40 years old dominated the market due to growing health consciousness
Offline was the largest distribution channel segment in 2020 due to the high consumer base for retail pharmacies and department stores
Weight Loss Supplements Market Report Scope
Report Attribute
Details
Market size value in 2021
USD 39.8 billion
Revenue forecast in 2028
USD 116.6 billion
Growth rate
CAGR of 16.6% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of Weight Loss Supplements Market
Glanbia PLC
GlaxoSmithKline PLC
Herbalife Nutrition Ltd.
Abbott
Kellogg Company
Nestle
Kraft Heinz Company
Amway Corp.
PepsiCo
Ajinomoto Co. Inc.
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San Francisco, 18 Sep 2023: The Report North America Unit Dose Manufacturing Market Size, Share & Trends Analysis Report By Source (In-house, Outsourcing), By Product, By End Use (Independent Pharmacies, Long Term Care Facility), By Country, And Segment Forecasts, 2021 - 2028
The North America unit dose manufacturing market size is expected to reach USD 21.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. The rapidly growing pharmaceutical industry and rising demand for unit doses are factors driving the market.
Single-dose packaging has certainly become one of the most popular recent trends. The most obvious benefit is its ease of use and improved medication management, as they can be prescribed by the unit, ensuring that the person taking it does not exceed the prescribed dose. Stick packs are unique in the way that they can be used to package a variety of items, both dry and wet.
Measuring cups, teaspoons, tablespoons, and multi-dose containers for oral liquids and eye drops have been already seen. The current patient is seeking convenience. Doctors are also appreciating the importance of unit dose in prescription writing since it allows them to prescribe controlled substance oral liquid without concern of abuse as unit doses address the issue. It also enables pharmacists to store oral liquids in a secure manner, which is a significant additional benefit. Nearly every single unit dose oral solid or multiple-dose oral liquid could be transformed to a unit dose oral liquid due to this innovation.
However, owing to the COVID-19 pandemic's repercussions, the unit dose manufacturing market increased at a modest 11.0% year over year in 2020. By the end of 2020, the market started to recover. COVID-19-related illnesses are being treated using unit dosages. Hospitals have updated and implemented various new standard operating procedures to protect both patients and healthcare workers. As a consequence, it's crucial to consider out viral transmission by airborne transmission or direct contact. When unit dose medicines are used, some of the risks involved with handling and pouring doses from the same bottle are reduced.
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North America Unit Dose Manufacturing Market Report Highlights
The outsourcing segment dominated the market and accounted for the largest revenue share of 59.6% in 2020. Unit doses lead to the minimization of credits for drugs coupled with greater control by a pharmacist over work patterns and schedules
The solid unit dose segment held 49.1% of the revenue share in 2020. In 2018, oral solid dosage medicines accounted for 53% of all new pharmaceuticals approved by the FDA
The independent pharmacies segment dominated the market and accounted for the largest revenue share of 34.1% in 2020
The hospital segment held the second-largest revenue share in 2020. The segment is estimated to become 3.5 times of itself by 2028
North America Unit Dose Manufacturing Market Report Scope
Report Attribute
Details
Market Size value in 2021
USD 7.2 billion
Revenue forecast in 2028
USD 21.7 billion
Growth Rate
CAGR of 16.9% from 2021 to 2028
Base year for estimation
2020
Historical data
2016 - 2019
Forecast period
2021 - 2028
List of Key Players of North America Unit Dose Manufacturing Market
Catalent
Thermo Fisher Pantheon
Unither Pharmaceuticals
Mikart
TapeMark
Renaissance Lakewood LLC
Medical Packaging Inc.
CordenPharma
American Health Packaging
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