Astaxanthin Market Worth USD 2.57 Billion by 2025: Grand View Research Inc.

The Report Astaxanthin Market Analysis By Source (Natural [Yeast, Krill/Shrimp, Microalgae] And Synthetic), By Product (Dried Biomass/Powder, Oil, Soft gels, Liquid), By Application, And Segment Forecasts, 2018 - 2025

The global astaxanthin market is expected to reach USD 2.57 billion by 2025, according to a new report by Grand View Research, Inc. Adoption of advanced technologies in various stages of natural astaxanthin production, such as microalgae harvesting, cultivation, extraction, and drying, have been major factors driving market growth. Moreover, awareness about health benefits, safety, and potential uses of astaxanthin is another driving force. 

Rising geriatric population is estimated to result in an increase in the demand for cosmetics such as antiageing creams and antioxidant products for improving aesthetic appeal. Astaxanthin has been reported in many studies for its high antioxidant and skin-friendly properties. Due to this, many cosmeceutical manufacturers and wellness spa owners are using it in new products and associated therapies, which is also estimated to drive demand.

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Further Key Findings From the Report Suggest:

·       Naturally produced astaxanthin dominated the production technology segment with a market share of 52.4% in 2016, owing to increasing awareness about its health benefits, safety, and multifunctionality.

·       Microalgae is estimated to be one of the largest and fastest growing natural source, owing to increasing use of H. pluvialis for production of high-grade astaxanthin

·       Adoption of technologically advanced procedures for manufacturing natural astaxanthin with less contamination and maximum yield is expected to fuel market growth

·       Dried algae meal or biomass held the largest market share by type of product in 2016 due to low production cost and high use in aquaculture and as animal food

·       Softgel capsules containing astaxanthin oil or powder are rapidly gaining acceptance as oral nutraceutical, and this is expected to fuel demand.

·       Based on application, aquaculture and animal feed dominated the market in 2016 with revenue of USD 220.0 million, owing to its increased usage in coloring fish and trout for quality enhancement

·       On the other hand, nutraceuticals are expected to witness lucrative growth over the forecast period due to factors such as high nutritional value, antioxidant properties, and low adverse effects

·       North America held the largest market share by region in 2016. Key factors for that can be attributed to its dominance are local presence of key manufacturers, increasing base of health-conscious population, and flourishing nutraceutical industry

·       Supportive government regulations, growth in population with nutritional deficiencies, and increasing liquidity in developing countries are key drivers anticipated to provide high growth opportunities to the Asia Pacific region.

·       Some of the major players of the astaxanthin market are Alga Technologies; Cyanotech Corporation; Fuji Chemicals Industry Co., Ltd.; BlueOcean NutraSciences, Inc.; MicroA AS; Fenchem; EID Parry (India) Ltd.; Beijing Gingko Group (BGG); Heliae Development, LLC; IGENE Biotechnology, Inc.; and JX Nippon Oil and Energy Corporation.

Grand View Research has segmented the global astaxanthin market on the basis of source, type of product, application, and region.

Astaxanthin Source Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Natural production

·         Synthetic production

Astaxanthin Type of Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Dried algae meal/biomass

·         Oil

·         Softgel

·         Liquid

·         Others

Astaxanthin Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Dietary supplement/ nutraceuticals

·         Cosmetics

·         Animal feed and aquaculture

·         Others

Astaxanthin Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Foot and Ankle Devices Market to Reflect a Holistic Expansion During 2018 to 2025

The global foot and ankle devices market is expected to reach USD 3.4 billion by 2025, based on a new report by Grand View Research, Inc. The market is expected to observe an exponential growth during the forecast period due to the rising incidence of ankle sprains, hammertoe, bunions, osteoporosis and rheumatoid arthritis.

Ankle fractures are one of the most common types of foot injury. Nearly 170,000 people suffer from ankle fractures per year, which require surgical treatment. It is one of the nine most common fractures. This can be attributed to the relatively small surface area of contact in the ankle and the 1.5 times higher body weight on it at rest & 5.5 times higher forces in case of heavy activity. This makes the long-term viability of ankle joints crucial.

Nearly 50,000 patients are diagnosed with end-stage ankle arthritis per year, wherein the ankle cartilage is worn out, causing painful bone-on-bone contact and disability. These patients are recommended total ankle replacements as opposed to ankle fusion, as it provides higher efficacy, thus driving the market. Favorable reimbursement scenario for joint replacements is one the major contributors to its market growth. Medicare, along with some private insurers, reimburses the procedure.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/foot-and-ankle-devices-market

Further Key Findings From The Study Suggest:

·       Bracing and support dominated the market in 2016. Increasing application of braces drives the market and has resulted in industry players developing and introducing new products in the market. For instance, in October 2017, Vickers Grant Holdings, LLC launched ATHLETICA with an ankle brace as an introductory product for the brand.

·       Aging results in significant changes in the skeletal and neuromuscular systems, leading to arthritis, weak ligament, and ACL tear. Symptomatic and asymptomatic tears affect more than 50% of the geriatric population. This is one of the key drivers attributed to the accelerated growth of soft tissue orthopedic devices.

·       Geographically, North America held the largest market share in 2016 and is expected to maintain its position during the forecast period. This large share can be accounted for high adoption rate of new technology and favorable reimbursement scenario.

·       The companies are tending toward providing novel products by adopting new technology. In February 2016, Zimmer Biomet received FDA approval for its 3D printed foot-and-ankle implant—Unite3D Bridge Fixation System. The product is perceived to offer greater stability and rigidity due to its integrated structure.

·       Some key industry contributors are DePuy Synthes, Zimmer Biomet, Stryker, Integra LifeSciences Corporation, Wright Medical Technology, Inc., Advanced Orthopedic Solutions, Acumed, Bioretec Ltd., and Ossur.

Grand View Research has segmented the foot and ankle devices market by product, application, and region:

Product Outlook (Revenue, USD Million; 2014 - 2025)

·         Bracing and Support

·         Joint Implants

·         Soft Tissue Orthopedic Devices

·         Orthopedic Fixation

·         Prosthetics

Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Hammertoe

·         Trauma

·         Osteoarthritis

·         Rheumatoid Arthritis

·         Neurological Disorders

·         Bunions

·         Osteoporosis

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    Japan

o    China

·         Latin America

o    Brazil

o    Mexico

·         MEA

o    South Africa

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Energy Management System Market to Exhibit Impressive Growth During the Forecast Period

The global energy management system market size is expected to reach USD 117.83 billion by 2025, according to a new study conducted by Grand View Research, Inc., expanding at a CAGR of 17.1% during the forecast period. Technologically-updated business expansion initiatives such as smart cities are expected to fuel the energy management system (EMS) market growth. Selecting the right vendor is crucial for implementing and monitoring EMS solutions. Installing individual energy meters in problem areas and creating an interactive communication program among end users are likely to further lead to enhanced monitoring of the transmitted data.

Typically, an EMS includes devices, sensors, and meters that measure and monitor energy consumption and other factors related to them. These devices then transmit data over wireless network to a centrally-located server where an interactive application helps users in analyzing and optimizing information. Numerous EMS vendors provide hardware, software, and consulting support to keep the program running. Moreover, if the energy meters have the ability to operate on an open protocol, such as MODBUS, customers may not be dependent on any particular hardware or software vendor.

With an expected increase in the costs of energy, gas, electricity, and oil, companies have become more conscious about maintaining, utilizing, and conserving energy resources efficiently. The price decrease in primary and secondary renewable energy sources will play an important role in reducing manufacturing costs.

Most enterprises have realized the need to implement EMS solutions to effectively monitor their systems. Transport and industrial sectors witness increased energy consumption, which poses numerous environmental concerns.Thus, the need for an intelligent management system to streamline operations becomes inevitable.

In the recent times, most top players have been making large investments in research & development programs to enhance their products. Improved features such as product maintenance services and analyzing software analytics by expert consultants are a few key factors expected to drive the growth of energy management system industry.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/energy-management-systems-market

Further key findings from the report suggest:

·       The software segment is anticipated to grow at the highest CAGR of 18.0% from 2019 to 2025 owing to the rising demand for EMS to record and monitor energy utilized across various segments.

·       The HEMS segment in energy management system market is anticipated to grow at the highest CAGR of 19.4% from 2019 to 2025. This growth can be attributed to increasing adoption of HEMS for curtailing carbon emissions.

·       The demand response management segment is expected to witness the fastest growth over the forecast period. This growth is attributed to the increasing adoption of demand response management solutions for scheduling, monitoring, and controlling Distributed Energy Resources (DERs).

·       Increasing demand for EMS in power generation and transmission operations is expected to fuel the power & energy segment growth over the forecast period.

·       EMS are widely used in commercial buildings as it collects energy usage data and monitors equipment for maintenance needs.

·       The Asia Pacific region is expected to witness the fastest growth over the forecast period and reach USD 29.13 billion by 2025, owing to high number of effective energy management solutions in countries such as India and China.

·       Key industry participants include C3 Energy, General Electric Company, Emerson Process Management, Daikin Industries, Daintree Networks, Jones Sang LaSalle, Gridpoint Inc., Schneider Electric, Siemens AG, Honeywell International Inc., Elster Group GmbH, ABB, IBM, Toshiba Corporation, and Johnson’s Control International.

Grand View Research has segmented the energy management system market on the basis of product, component, solution, vertical, end use, and region:

Energy Management Systems (EMS) Product Outlook (Revenue, USD Billion; 2014 - 2025)

·         Industrial Energy Management Systems (IEMS)

·         Building Energy Management Systems (BEMS)

·         Home Energy Management Systems (HEMS)

Energy Management Systems (EMS) Component Outlook (Revenue, USD Billion; 2014 - 2025)

·         Sensors

·         Controllers

·         Batteries

·         Software

·         Display Devices

·         Others

Energy Management Systems (EMS) Solution Outlook (Revenue, USD Billion; 2014 - 2025)

·         Carbon Energy Management

·         Demand Response Management

·         Utility Billing and Customer Information System

Energy Management Systems (EMS) Vertical Outlook (Revenue, USD Billion; 2014 - 2025)

·         Power & Energy

·         Telecom & IT

·         Manufacturing

·         Retail & Offices

·         Healthcare

·         Others

Energy Management Systems (EMS) End Use Outlook (Revenue, USD Billion; 2014 - 2025)

·         Residential

·         Commercial

Energy Management Systems (EMS) Regional Outlook (Revenue, USD Billion, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

o    Japan

o    Indonesia

o    Singapore

o    Thailand

o    South Korea

o    Malaysia

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com