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A Compelling Investment Opportunity: Surgical Retractors Market Poised to Surge to US$ 4.1 Billion by 2032

The Global Surgical Retractors Market was valued at US$ 1.8 Billion in 2021 and is expected to reach US$ 4.1 Billion by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, it is projected that revenue through the neurosurgery application will grow at 10.7% CAGR during the forecast period.

Around 12% of all neurology patients die from these diseases each year, according to the World Federation of Neurology. According to the WHO, neurological diseases will cause an increase in the number of Disability-Adjusted Life Years lost globally from 95 Million in 2015 to 103 Million in 2030.

Surgery is the single and primary form of treatment for neurological conditions. The increase in neurological surgeries and the high demand for surgical retractors manufactured especially for these procedures are the main reasons why the neurosurgery segment dominates the market for surgical retractors.

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The United States will hold the largest share of the market throughout the Analysis Period

From 2022 to 2032, the Surgical Retractors Market is estimated to develop at a CAGR of 8.9% in the United States; taking the market to US$ 1.1 Bn by 2032. From 4% of GDP in the 1960s to 19.7% of GDP in 2020, the US’s healthcare costs have grown significantly.

Chronic renal illness affects 15% of Americans, according to the Centers for Disease Control and Prevention. The rising prevalence of chronic diseases is therefore predicted to increase the need for surgical intervention, which will raise demand for surgical retractors and generate an absolute dollar growth potential of US$ 663 Mn.

Surgical Retractors Market: Competition Insights

The key companies operating in the Surgical Retractors Market include Baxter International Inc., B. Braun Melsungen AG, The Cooper Companies, Inc., Terumo Corporation, Teleflex Incorporated, Medtronic Plc., Medline Industries INC., Johnson & Johnson, NOVO NORDISK, Integra Lifesciences Holdings Corporation, HENKE-SASS WOLF, Henry Schein, Inc., Dickinson and Company, Conmed Corporation, SKLAR Surgical Instruments., Teleflex Incorporated., Olympus Corporation, Thompson Surgical, Arthrex, Inc., Microsurgical Technology, STRYKER CORPORATION, GLOBUS MEDICAL, Applied Medical Resources Corporation, Innomed, Inc., LiNA Medical ApS, Vivo Surgical Private Limited, and Changzhou Haiers Medical Devices Co. Ltd.

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Some of the recent developments by key providers of the Surgical Retractors Market are as follows:

In April 2021, in order to connect its StealthStation S8 surgical navigation system with Surgical Theater’s SyncAR augmented reality (AR) technology, Medtronic plc established a cooperation with the company. Through this partnership, neurosurgeons will be able to use augmented reality (AR) technology in real-time to improve visualization during challenging cranial surgeries.
In March 2020, a collaboration between JUNE MEDICAL and Vivo Surgical was established that led to the Galaxy II LUX self-retaining ring retractor with light. The Galaxy II retractor offered by June Medical and the KLARO light provided by Vivo Surgical, which has a specially made clip for it, are combined to create this gadget.By giving surgeons better access to and a clearer vision of the surgical site, this retractor has the advantage of removing the drawbacks of employing overhead lighting or personal head torches.
In May 2019, ONETRAC LX, a newly created single-use cordless surgical retractor that is outfitted with a multi-LED light source and dual smoke evacuation channels, has been introduced by OBP, one of the top makers of self-contained and single-use medical devices. The newly created surgical retractor provides operating surgeons and nurses with the best possible smoke clearance capabilities.
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Key Segments Covered in Surgical Retractors Market Survey

By Application:

Handheld
Self-retaining
By Product Type:

Abdominal retractor
Finger retractor
Nerve Retractor
Orthopedic Retractor
Rectal Retractor
Thoracic retractor
Ribbon retractor
Other Product Types
By Application Size:

Neurosurgery
Wound closure
Reconstructive surgery
Cardiovascular
Orthopedic
Obstetrics and Gynecology (Ob/Gyn)
Other Applications
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By End-use:

Hospitals
Ambulatory Surgical Centers
Clinics

Explosive Growth Projected: Softgel Capsules Market Set to Reach US$1.9 Billion by 2032

By the end of 2022, the global Softgel Capsules Market is anticipated to be worth US$ 1.1 billion, and it will grow at a CAGR of 6.0% to reach US$ 1.9 billion by the year 2032. In 2021, gelatin softgel capsules will dominate the global market, with a share of about 75.4%, according to a recent study by Future Market Insights.

As per Future Market Insights’ latest industry analysis, the valuation for the global softgel capsules market was around US$ 1.7 Bn in 2021 and is projected to exhibit growth at a CAGR of close to 6.0% over the forecast period.

Recent years have seen a significant increase in interest in the oral delivery of medications with low water solubility due to the development of soft gelatin capsules (SGCs) delivery systems. This can be explained by the surge of low-solubility medications in the pipeline and the difficulties in creating bioavailable and consistent dose forms.

These drugs are encapsulated inside SGCs, which is a method employed to transport the active constituents to the systemic circulation, to overcome some formulation constraints. SGCs feature great dose accuracy and homogeneity, as well as higher consistency in manufacturing and product stability.

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This is crucial for drugs that are susceptible to oxidative and hydrolytic breakdown. The expanding cosmetics industry’s desire for soft gel capsules to supply cosmeceuticals in the form of capsules drives the growth of the worldwide soft gel capsules market.

The rising consumption of supplements in capsule form increases demand for soft gel capsules, propelling the global soft gel capsules market. The pharmaceutical industry’s use of soft gel capsules is also aided by improvements to the capsules’ outer shell and compatibility with the ingredients inside, which have become two of the market’s main growth drivers.

Owed to the aforementioned factors, the global softgel capsules market is set to reach an estimated valuation of US$ 3.1 Bn in 2032.

Key Takeaways from Market Study

Gelatin softgel capsules are the leading segment as product, and hold approximately 3% market share in 2021, owing to their property of increased bioavailability, and greater absorption.
Type-A gelatin (pork skin) segment is set to lead in terms of raw material for softgel capsules with a projected market share of around 5% by 2032, owing to the high availability of porcine sources of raw material globally.
By application, health supplements are leading in the global softgel capsules market, and are expected to continue to do so with a projected CAGR of 5% during the forecasted years, as they are easy to swallow and disintegrate quickly.
By end users, CMOs hold a dominant market share of 2% in the global market in 2021, owed to the lowered cost of production, and higher output.
Oral softgels are leading the market as route of administration, holding a share of around 7% in 2021, owed to higher patient preference.
North America is considered as the leading region with a global share of 7% in 2021, owed to the large number of available distributors for softgel capsules in the region.
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“Rising prevalence of chronic diseases is promoting the adoption of softgel capsules with greater bioavailability, enhanced absorption, and a long shelf-life,” says an analyst of Future Market Insights.

Market Competition

The market for softgel capsules is fragmented, and there exists a number of contract manufacturing players within the market sphere. Key players promote market expansion through novel product launch activities along with acquisitions and collaborations.

The delayed/enteric release softgel OptiGel® DR by Catalent was introduced in October 2020 for applications in pharmaceutical and nutraceutical applications.
Sirio Pharma Company Limited announced in July 2022 that Sirio will purchase 80% of Best Pharmaceuticals, a contract manufacturer of nutraceuticals and dietary supplements.
Key Companies Profiled

Aenova Group GmbH
Fuji Capsule Co., Ltd
Sirio Pharma Company Limited
Catalent, Inc
EuroCaps Ltd
Guangdong Yichao Biological Co., Ltd.
Elnova Pharma
Captek Softgel International Inc
Hunan Er-Kang Pharmaceutical Co., Ltd
Soft Gel Technologies Inc.
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Key Market Segments Covered in Softgel Capsules Industry Research

By Product:

Gelatin Softgel Capsules
Vegetarian Softgel Capsules
By Raw Material:

Type-A Gelatin (Pork Skin)
Type-B Gelatin (Animal Bones & Skin)
Fish Bone Gelatin
Cellulose Derivatives
Starch Material
By Application:

Antacid & Antiflatulent Preparations
Antianemic Preparations Hematinic Preparations)
Anti-inflammatory Drugs
Antibiotic & Antibacterial Drugs
Cough & Cold Preparations
Cardiovascular Therapy Drugs
Health Supplements
Vitamin & Dietary Supplements
Other Therapeutic Applications
By End User:

In-house Manufacturing
Pharmaceutical Companies
Nutraceutical Companies
Cosmeceutical Companies
Contract Manufacturing Organizations
By Route of Administration:

Oral Softgels
Suppositories
Pessaries
Twist off Softgels
Others

Europe eHealth Market Industry Future Growth, Latest Technology, New Demands, Challenges,and Revenue Analysis
Europe eHealth market is driven by factors such as the increased prevalence of chronic diseases, increased technological advancements in eHealth, increased demand for telehealth, and government initiatives supporting eHealth solutions and services. Healthcare expenditure has increased across developed and emerging countries, which is expected to create a competitive advantage for manufacturers to develop new and innovative eHealth products. Additionally, the surge in healthcare expenditure and increase in the prevalence of chronic diseases positively affect the eHealth market. However, the high treatment cost restricts patients from accommodating high-quality and practical solutions. Henceforth, the high cost of professional eHealth services has a negative impact on the cost of the overall market. Therefore, the use of telehealth affects the market's growth as patients prefer the self-monitoring of disease by telehealth devices is influencing the market.

Europe eHealth Market research report works as a best solution to know the trends and opportunities in the HEALTHCARE industry. The report has been framed with the most excellent and superior tools of collecting, recording, estimating and analysing market data. This report gives broader perspective of the market place with its all-inclusive market insights and analysis. The information, statistics, facts and figures delivered via this report helps companies in HEALTHCARE industry to maximize or minimize the production of goods depending on the conditions of demand.

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Europe eHealth market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. Contact us for an analyst brief to understand the analysis and the market scenario. Our team will help you create a revenue-impact solution to achieve your desired goal. The scalability and business expansion of the retail units in the developing countries of various regions and partnership with suppliers for safe distribution of machine and drugs products are the major drivers propelling the market demand in the forecast period.

Europe eHealth market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that Europe eHealth market will grow at a CAGR of 23.7% during the forecast period of 2022 to 2029.

Europe eHealth Market Segmentation

Europe eHealth market is categorized into six notable segments based on offering, deployment, enterprise size, functionality, technology, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Offering

Solutions
Services
On the basis of offering, Europe eHealth market is further segmented into solutions and services.

Deployment

Cloud
On-Premises
On the basis of deployment, the Europe eHealth market is segmented into cloud and on-premises.

Enterprise Size

Large enterprise
Small and medium enterprise
On the basis of enterprise size, the Europe eHealth market is segmented into large enterprise and small and medium enterprise.

Functionality

Content messaging system (CMS)
Group messaging
Dashboard
Video sessions
Social support
Others
On the basis of functionality, the Europe eHealth market is segmented into content messaging system (CMS), group messaging, dashboard, video sessions, social support, and others.

Technology

Chatbots
Artificial intelligence
Internet Of Things (IOT)
Blockchain and big data
Other

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