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Vaccine Market was valued at over USD 32.5 Billion in 2015 and is expected to grow at a CAGR of 10.3% Till 2024More...
The global Vaccine Market is expected to reach over USD 77.5 billion by 2024, according to a new report by Grand View Research, Inc. The presence of numerous molecules in the pipeline is anticipated to meet the demand for efficient vaccines. These include vaccines for chest infection, tuberculosis, malaria, and dengue. Most of the key players are actively leveraging on their vaccine development technologies to launch novel preventative solutions with an objective to increase their market share. For instance, Pfizer, Inc. is involved in the development of vaccines to prevent severe infections caused by Meningococcal B, Clostridium difficile, and Staphylococcus aureus.
Furthermore, the broad coalition of governments, worldwide, working to promote the awareness of vaccination benefits through immunization programs with the objective of containing the propagation of communicable diseases that are associated with high morbidity and mortality is expected to stimulate the market growth.
For instance, the ‘Immunize Australia Program’ sponsors the immunization of individuals, which acts as a preventative action in preventing disease occurrence and checks rampant disease transmission thus protecting millions of Australians from severe diseases. Another program that has been involved in achieving extensive immunization coverage on the Indian continent is the National Immunization Program, a government program that has focused on taking strong preventive measures to offset vaccine-preventable diseases, particularly in children.
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APAC Tunable Diode Laser Analyzer Market is anticipated to growing at a CAGR of over 10% over the forecast periodMore...
The global Tunable Diode Laser Analyzer Market size is expected to reach USD 831.7 million by 2024, according to a new report by Grand View Research, Inc. The bullish growth prospects of the tunable diode laser analyzer market can be attributed to the rapid industrialization and an increasing need for real-time and efficient atmospheric toxic gas measurement and analysis.
Favorable initiatives and regulations by the government and regulatory bodies worldwide regarding industrial emissions across various industry sectors are anticipated to bolster the market growth over the forecast period. Advanced TDL based analyzers have the ability to detect and measure toxic gases such as oxides of carbon, nitrogen, and sulfur along with oxygen and water in very low air density environments accurately. The adoption of TDLAs involves low maintenance cost, seamless detection abilities, and stability, making them preferable over other gas detectors across the end-use industries.
However, the high costs of R&D and interoperability issues are expected to hinder the industry growth over the forecast period. The accessibility to cheaper substitute devices and methods may affect the industry growth in the coming years.
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Further key findings from the report suggest:
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The global Secure Logistics Market size is anticipated to reach USD 109.25 billion by 2025, according to a new report by Grand View Research, Inc. ATMs play a vital role in maintaining the core banking touch point with consumers. Initially, ATMs were introduced to reduce congestion in branches. However, the types of services provided at ATMs have expanded significantly.
According to the World Bank statistics, in 2014, 62% of the world’s adult population had a bank account compared to 51% in 2011. The increasing trend toward introducing cash recycling ATMs is likely to accelerate the ATM market. Economic size and population density have a positive impact on the financial sector. The densely populated countries have a higher ATM penetration and higher geographic branch.
The transport companies are operating under increasing financial challenges, including fuel prices and various natural disasters. The transport companies are experiencing low-profit margins that enabled industries to have repeated business from a satisfied customer. The lack of appropriate security personnel, coupled with the lack of appropriate training, would delay the detection of stolen freight and incur more loss to firms. Transport security encompasses maritime, aviation, air cargo supply chain, and mass passenger transport system.
Transport industry players are acting as transnational companies, offering international freight service across the globe. This increased the risk of terrorist activities seeking to cause mass casualties and economic damages. In Australia, the air cargo supply chain security is regulated under the Aviation Transport Security Regulations 2005 and Aviation Transport Security Act 2004. Lack of law targeting organized theft of freight is expected to restraint the industry demand over the forecast period.
Though majority of companies have implemented up-to-date technologies to track goods over the Internet, they still suffer losses through theft or compliance owing to various reasons including laziness and lack of time for the employees. Companies are providing training for contractors and employees about freight handling and risk analysis to reduce the shrinkage.
However, the increasing penetration of mobile payments is likely to restrain the market growth. Emerging markets, such as Japan, India, China, Taiwan, Malaysia, and Japan, are localizing their content for mobile platforms for maximizing their potential sales. The NFC technology is widely used at pay terminals using mobile devices. Retailers such as Macy’s (U.S.), Walgreens Company (U.S.), and Target Corporation (U.S.) have started using the technology with Google Wallet.
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Growing demand for Packaged Frozen Foods is expected to play a vital role in the growth of the industry in North America regionMore...
The global Rigid Packaging Market size is projected to reach USD 848.71 billion by 2025, according to a new report by Grand View Research, Inc. Growing food & beverage industry is expected to be the key driver promoting growth over the forecast period. The rigid packaging market is segmented on the basis of material into plastic, metal, paper & paperboard, glass, bioplastic. Advantages of plastic such as flexibility, durability, and cost effectiveness made it the most popular material in 2015.
Food & beverage accounted for the largest share of over 50% by value in 2015, in the application segment. Thisis due to growing demand for packaged food throughout the world. Besides, growing beverage industry,led by products as liquor and energy drinks, has resulted in increased demand for rigid packaging.
Asia Pacific, which is driven by growing demand for rigid packaging products from emerging countries, dominated the industry in 2015. Growing personal care and pharmaceuticals industries are also expected to play key roles in this industry over the forecast period. Besides, increasing penetration of rigid packaging products in the electronics industry has played a key part in this growth.
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Global Structural Adhesives Market is expected to reach USD 23.42 billion by 2022, according to a new study by Grand View Research, Inc. Increasing automotive production particularly in emerging markets of China, India, Brazil and Mexico is expected drive the global structural adhesives market. Rigid bonding applications such as window glazing, wood panels and decorative trims require structural adhesives for fast setting and load bearing purposes. Industrialization and urbanization are expected to drive construction industry growth in emerging as well as developing nations, which further prompts structural adhesives demand.
Water-based structural adhesives accounted for over 55% of the overall market volume in 2014. Increasing regulatory intervention from environmental agencies regarding VOC presence in solvent-based adhesives has positively impacted water-based structural adhesives demand. Additionally, its superior drying rate and semi-flexibility post drying are major factors contributing towards their increasing demand in joint cements, wall coverings, household appliances and automotive assembly applications. It is also expected to witness the highest growth of 6.9% from 2015 to 2022.
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Superior sweetening properties is expected to propel Stevia Market Market growth over the forecast periodMore...
The global Stevia Market is expected to reach USD 556.7 million by 2024, according to a new report by Grand View Research, Inc. Stevia is used in beverages, food, pharmaceuticals and tabletop sweeteners on account of its superior properties such as higher levels of sweetness without affecting blood pressure. This factor is projected to have a positive impact on the overall sugar sweetener market over the forecast period.
Increasing penetration of stevia in the beverage segment, especially in carbonated drinks, will be a crucial factor determining the growth of the industry over the forecast period. Major health concerns related to sugar consumption and the rising prices of sugar has also influenced consumers to look into various alternatives which have helped in promoting demand for the sweetener over the past few years.
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Food & Beverages Segment was the largest application in 2014 & is anticipated to witness significant gains at a CAGR of over 6.0%More...
Global Starch Derivatives Market is expected to reach USD 74.30 billion by 2022. Growing demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth over the next seven years. Furthermore, growing pharmaceutical sector in countries such as Saudi Arabia, Brazil, India, China and the U.S. is expected to further increase demand for starch derivatives. Stringent regulations encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics is likely to propel industry growth. However, fluctuating prices of raw materials coupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.
Glucose syrup dominated the global market in the year 2014 and is likely to generate high revenue gains over the seven years, accounting for over USD 44.0 billion by 2022. Increasing consumption of processed meats, ice creams, convenience food, instant dessertsand bakery products are expected to augment demand for the product over the next seven years.
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Food &beverages segment accounted for the largest application share in 2014 and is expected to witness significant gains at a CAGR of over 6.0%.Rise in product innovation by manufacturers coupled with rising consumer preferences for high quality products is likely to propel growth.
Rising consumer demand for food and beverages, pharmaceutical and personal care products in Latin America and Middle East & Africa is expected to propel demand for the product over the next seven years. Moreover, improving economic conditions in the region owing to rapid industrial growth is expected to be the keydrivers. In addition, increasing urbanization and changing consumer lifestyle is expected to increase demand for packaged foods which in turn is anticipated to propel demand for starch derivative industry over the projected period.
As of 2014, Asia Pacific dominated the global market in terms of revenue as well as volume and is expected to witness highest CAGR, growing at over 6.0% from 2015 to 2022. Rapid economic growth led by China and India coupled with capacity expansions in food & beverage industry in the region is likely to have a positive impact on growth.Furthermore, increasing demand for bakery and confectionary products in India, China, Vietnam, Malaysia, and Australia is likely to fuel growth in the region.
Key players in the starch derivatives market include Ingredion Incorporated, Tate & Lyle PLC, Global Bio-chem Technology Group Company Limited, Cargill Inc. and RoquetteFrères. Growing emphasis on developing new and innovative products by manufacturers in order to cater to needs ofvarious industries is likely to promote growth. Cargill Inc. and Roquette have invested heavily in Asia Pacific for capacity expansion of existing plants and to increase the number of manufacturing facilities.
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Grand View Research has segmented the global starch Derivatives market on the basis of product, application and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
The global Squalene Market is expected to reach USD 271.5 Million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for squalene in food supplements and skin creams will propel market growth over the forecast period. Growing demand for male grooming products including skin care and anti-aging creams will promote industry expansion.
Increasing demand for dietary supplements in the U.S., China, India, Russia, Italy, and Brazil will drive the demand for squalene in food applications resulting in volume gains at a 10.7% CAGR from 2016 to 2024. Furthermore, several health benefits ranging from oxygen generation and superior immune response to cholesterol regulation and UV protection will fuel product demand over the forecast period.
Aging population, increasing self-diagnosis among general consumers, and growing awareness regarding preventative health care will create immense market potential over the upcoming years. The growth of the nutraceutical industry in various countries including France, China, India, Japan, Italy and the UK will lead to squalene market development. Increasing demand for vegetable-based products for cancer therapies will fuel market growth over the forecast period.
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Rapid Growing demand for Enhanced Technology & Reduces Fuel Consumption is anticipated to drive the industry growthMore...
The global Microcontroller Socket Market is expected to reach USD 1.46 billion by 2024, according to a new report by Grand View Research, Inc. The increasing development and growth of automation and re-automation in the emerging countries are expected to fuel the industry growth.
The global Carotenoids Market is expected to reach USD 1.74 billion by 2025, according to a new report by Grand View Research, Inc. The growing application in human food, animal feed, dietary supplements, medicines, and cosmetic application owing to the presence of essential nutrients and vitamins in carotenoids will drive growth over the upcoming years. Furthermore, the increasing demand for these applications on account of population growth, increasing consumer surplus, and health awareness will aid in the industry expansion.
The usage of these products in the pharmaceutical sector will witness substantial revenue growth at a CAGR of 4.3% from 2016 to 2025. These products act as antioxidants within the body and protect the body against chronic diseases, cellular damage, and the effects of aging.
Carotenoids aid in supporting eye, skin, cardiovascular health, and are being widely used for cancer prevention. Strong growth of pharmaceutical and cosmetic industry in emerging countries such as China, India, and South Korea will create growth opportunities for the market in the future.
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High demand from the Food & Beverage, Pharmaceutical, Animal feed industry is expected to be a key driver for Yeast Ingredients Market growthMore...
Global Yeast Ingredients Market is expected to reach USD 2.38 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer preference towards nutritional food consumption is expected to augment yeast ingredients market demand in the next six years. Food and animal feed manufacturers inclination towards use of specialty yeast products in order to enhance flavor is expected to further fuel market growth.
Yeast ingredients were majorly used in food application and are expected to dominate the market at a CAGR of 7.7% from 2014 to 2020. Hectic lifestyle coupled with increasing stress levels of individuals has resulted in rising consumption of healthy, nutritional and processed foods that is expected to be a key driver for market growth. Animal feed is expected to follow food application growing at a CAGR of 7.6% from 2014 to 2020.
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Global Wound Dressing Market was valued at USD 9.16 Billion in 2014 and is estimated to reach USD 12.9 Billion with a lucrative CAGR of 4.4% from 2015 to 2022. Rising prevalence of conditions such as leg ulcers, venous stasis ulcers, pressure ulcers, and diabetic ulcers, that require lesion management, are anticipated to boost global wound dressing market over the forecast period.
Additionally, the growing incidences of burns and lesion infection are also expected to demand advanced injury treatment products, such as wound dressing market in coming years. Wound dressing products, with capabilities of faster health recovery from various ulcers disorders, are preferred by patients and healthcare practitioners globally.
Rising occurrences of sports injuries and increasing medical expenditure incurred by the regional government are also anticipated to boost demand for wound dressing products. The aging population is more susceptible towards diabetic ulcers, foot ulcers, and lesions. Growing geriatric population, rising health awareness, and increasing disposable income are encouraging the consumer to spend a considerable amount on medical facilities, thereby boosting market growth. Evolution of innovative technologies and their applications such as electrical stimulation, metal/alloy bandages, electromagnetic therapy and nanotechnology therapy are projected to drive the wound dressing market over the forecast period.
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Advanced wound products segment includes antimicrobial, active and moist dressings that dominated the global wound dressing market with 56.1% revenue in 2014. This is attributed to cost-effectiveness, improved utility, and increasing usage of the products. Antimicrobial products segment, which encompasses silver and non-silver wound dressing products, is anticipated to exhibit significant growth owing to its associated benefits of wide availability, faster healing rate, and ease of usage. The moist dressing was the leading advanced product segment in 2014 due to its high absorbance capacity to keep lesions dry and clean.
North America was identified as the most lucrative wound dressing market and accounted for over 35.0% of the total revenue in 2014. Growing base of aging population with rising chronic lesions disorders, rising health awareness, and increasing preference for home healthcare services have boosted the market growth for the region and is expected to grow at a significant rate over the forecast period.
The Asia-Pacific wound dressing market is expected to exhibit a considerable growth in the coming years, owing to rising number of advanced healthcare infrastructure, high unmet needs for medical facilities, burgeoning population, rising awareness level and high purchasing power of the consumers. The government is also taking various initiatives to support healthcare market, thereby boosting wound dressing market in the region.
Major market participants include ColoPlast, Systagenix, 3M Healthcare, BSN Medical, Convatec, Medline Industries, Smith & Nephew, Derma Sciences, and Medtronic. Innovation in product development and M&A are some strategic initiatives adopted by players to have a competitive advantage over others. In November 2014, BSN Medical has acquired Sorbian, to broaden their product portfolio related to wound care industry.
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Grand View Research has segmented the global wound dressings market on the basis of products and region:
Wound Dressings Market Product Outlook (Revenue, USD Billion, 2012 - 2022)
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The global Wood Plastic Composite Market is expected to reach USD 9.77 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for wood plastic composites in construction industry particularly in decking, fencing, and molding & siding applications is expected to be the key driver for the market growth. Superior mechanical strength, low maintenance and weight reduction offered by these products are expected to propel demand in the construction industry over the next eight years.
Rising automakers focus towards making every automotive part biodegradable, and recyclable is expected to open new avenues for the material over the next eight years. The product is used in door panels, seat cushions, cabin linings, backrests, and dashboards. The most commonly used wood species for commercial wood plastic composite products include maple, oak, and pine. Product cost and regional availability of raw material are expected to be a key factor for wood plastic composites manufacturers over the projected period.
Rising application scope for wood plastic composites for manufacturing various other products including musical instruments, shoe soles, toys, and trays is expected to have a positive impact on the market growth. Growing demand for bio-plastics in niche applications such as household electronics and edge protection for packaging is expected to propel demand over the projected period.
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Further key findings from the report suggest: