Friday, 18 June 2021

Food Processing Equipment Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 

The Start:

Food has been the means of survival for the living beings since time immemorial. While the history of food processing dates back to a million years ago, the food processing techniques have changed throughout the ages.

The industrial revolution in the 20th century has had a large impact on the food processing equipment industry. For example, the industrial revolution resulted in the development of machines in the food industry that reduced the human intervention only to trigger the rise of restaurants and food malls. Since then, the food machineries and equipment have encountered scientific changes throughout the course. Nonetheless, it is worthy to mention the growing significance of digital devices and automation in the food & beverage industry.

Innovation and Trends:

The definition for food processors and food processing equipment can vary with some difference. For example, the most common users of food processors are housewives and domestic helpers wherein cutting, blending, grating, and sorting of food is carried on a single-handed basis in a less time. On the other hand, a food processing equipment can still perform the same operations on an industrial level under different units. The time required differs for output owing to the broader nature and scale of these operations.

With the growing population and ever increasing demand for food in the fast-paced environment in the suburbs, processed foods have gained tremendous popularity. The need for hygiene standards are becoming more stringent with the progress. Simultaneously, the grading methods for the food applications are also getting more diversified in the process, hence, innovative methods are being adopted to improve the quality standards.

For example, the 3D printing technique is looked upon as a game changer in the food industry. The 3D technology is getting more attention as it helps in anticipate in designing a better food product for the end consumption. It ensures the minimal food wastage arising from conventional cooking methods and result in a healthy high-tech food product.

In another instance, the high pressure processing techniques have stood the test of time. It involves a cold pasteurization process with a high isostatic environment for packaged foods. High pressure processing is advantageous because it inactivates the micro-organisms to ensure food safety and enables a better quality of taste, appearance and enhance nutritional value of food.  Also, it aims at resolving the concerns for low shelf life in packaged foods.

Food processing equipment industry in the post-pandemic :

Food industry in the post-pandemic world is likely to witness the most significant changes in terms of automation, sanitation, packaging & delivery and adoption of IT infrastructure. Majorly, the cause and effect analysis anticipates a more clear picture of improvements on safety.

Following are some twists of how food processing equipment industry is likely to appear across geographies in the post-pandemic world.

1. Rebuilding the Supply Chain – The supply chain is expected to strengthen as more emphasis will be given on consumer safety as home stay will be a regular norm among consumers in the foreseeable future. Consumers are expected to shift toward healthy eating options prepared with organic ingredients.

2. The Norm – In the end-user market, takeaways and home deliveries will continue to be a major medium between customers and restaurants. This is more or less expected to continue in the new normal as social restrictions are easing in several countries followed by vaccination drive.

3. Consumer Preference – The transformation in consumer preferences will also trigger more need for automation and digitization in the food production sector. For example, cleaning robots might get deployed to cover sanitation tasks in a cyclical manner. Besides, the small companies might go on a complete automation mode for food packaging.

4. Finding the Right Balance – Manufacturing companies might possibly spend more on setting up new factories to improve efficiency and finding the right balance to suffice the production and distribution load. This move will be based out of finding the right talent to cater to the changing needs. However, going forward intense challenges prevail in finding the right balance.

5. Demand for Processed Foods – Millennial consumers are already stocking up with essential supplies and foods mainly driven and to continue with the lockdown habits. Canned foods, frozen vegetables, cheese, butter, and macaroni, pasta, are some of the common packaged food products preferred by a millennial on a regular basis. In this light, the food manufacturers are benefitting from increase in sales of packaged foods as consumer retention has relatively grown high during the pandemic. The Fast-Moving Consumer Goods  (FMCG) and Consumer Packaged Goods  (CPG) companies are likely to renovate their distribution strategies. Food companies trying to cope with the pandemic situation are relatively delivering more packaged foods with better quality and shelf life.

The Final Word:

We’re not even closer at the end of the pandemic and there is no sign it is slowing down any sooner in the nearest future. While the cost of survival is high at the moment, the food processing equipment industry is constantly trying to find optimum balance between production, supply, and distribution amid the crisis. With more developed quality standards the food processing techniques are likely to cover more ground turning more and sustainable with better alternatives in the coming years.

Dyes & Pigments Market Size Is Expected To Reach USD 51.7 Billion by 2028

Infographic-centric text with statistical data on the market segments.
Dyes & Pigments Market – A Mosaic of Growth Figures

 Colors have a very specific ability to light up your day, even if you’re having a bad one. It is something that will always be in demand. And, god knows, the time we all are going through right now, our morale definitely needs an uplift, no matter where it comes from.

Dyes & Pigments are something that makes any object come to life, it hardly matters what the object is! This positive attribute has made them a very crucial component in several industry types, such as textiles, paper, paints & coatings, printing inks, and leather industry among others. In addition to this, due to growing horizons of real estate and construction, they have observed a ferocious growth. These reasons make it important to know all the insights relate to the market. That’s why we brought you all the market insight deets in a single infographic, Enjoy!

I am very sure, you liked it a lot, because while making it we had lots of fun ourselves. However, you might be having more questions regarding the market, about its market players, and segment wise performances among others. For that, let me give you a parting gift section below, which will put your curiosity to sleep and that too in a peaceful deep sleep.

Some of the important market statistics –

  • In terms of revenue, Asia Pacific led the global market in 2020 and is estimated to expand at the fastest CAGR of 5.8% from 2021 to 2028
  • Increasing product demand from the end-use industries, such as textiles, paper, paints & coatings, construction, and printing inks, is likely to drive the APAC regional market in the coming years
  • Dyes are expected to be the largest as well as the fastest-growing product segment from 2021 to 2028
  • The paints & coatings application segment accounted for the largest revenue share of the pigments market in 2020 and is estimated to maintain its dominance over the forecast period
  • Rising product demand in various applications, such as automotive and marine, is estimated to support the growth of the paints & coatings segment
  • Textiles application segment dominated the dyes market in 2020 with more than 62% revenue share and is expected to continue its dominance throughout the forecast period

Medical Device Outsourcing Market to Grow At a Highest CAGR of 11.2% During the Forecast Period: Grand View Research Inc.

 Today’s Covid-19 pandemic world shows a macrocosm of the challenges for companies in the life sciences field. The global Covid-19 death toll surpassed three million and new cases continue to spike as we head into the second quarter of the year. However, the medical device companies are still striving to adapt to the rapidly changing needs of the healthcare system and the supply chain ecosystem– whether it’s dealing with the decline in sales of elective surgery equipment or struggling to keep up with the mounting demand for ventilators, personal protective equipment, testing equipment, and oxygen cylinders, which has been overwhelming. Therefore, most of the companies have made a shift toward outsourcing R&D services to reduce costs, hasten product market entry, and minimize business risks, and thus fuel the overall market growth.

 On top of that, the medtech industry is working out the optimal ways to respond to the enormous disruptions caused by Covid-19 outbreak that hampered daily working life. Device development, recruitment, sales, quality management, and medical investigations aren’t an optional measure for most device manufacturing companies. Since they want to stay afloat during this extraordinary period of disruption, they have distributed these functions under the yoke of social distancing norms, while wholly justified, making it difficult than ever to collaborate effectually.

As the supply chains adapt to a reformed distanced world, let’s check out the benefits of outsourcing your medical checklist.

Capitalize on resources: Medical device outsourcing empowers OEMs to take advantage of the available third-party resources. It eliminates the need to store or source them locally and is more cost-effective. Countries including China, Korea, and Taiwan are top medical device manufacturers. It is therefore more viable for US-based companies to outsource manufacturing operations overseas.  

Focus on core activities: given the time saved because of outsourcing, companies can better utilize their time and local resources on improving other core activities such as marketing, R&D of new devices, and promotion of existing products.

Data and information security: One of the key pressing challenges in medical device manufacturing activities is the threat of private information breach. In the outsourcing process, companies are becoming more aware and informed to avoid such breaches with the help of security contracts.

Reimbursement policies: The incessant pressure on companies to reduce the product costs is hampering the medical device market. Though there is a protuberant surge in healthcare expenditure, many medical providers are still unwilling to reimburse medical devices. However, reformed reimbursement policies are likely to ace the outsourcing infrastructure in the coming years

Medical Device Outsourcing Market Highlights

  • The contract manufacturing was the leading segment in 2020 with a revenue share of 55.4% and is anticipated to retain its position throughout the forecast period
  • The market is driven by the increasing outsourcing activities by OEMs to third-party manufacturers, particularly in emerging countries
  • Asia Pacific was the dominant regional market in 2020 and can be attributed to the easy availability of skilled human resources

List of Key Players of Medical Device Outsourcing Market

  • SGS SA
  • IQVIA
  • Toxikon, Inc.
  • Eurofins Scientific SE
  • Pace Analytical Services, Inc.
  • Intertek Group plc
  • WuXi AppTec, Inc.
  • North American Science Associates, Inc.
  • Charles River Laboratories International, Inc.
  • PAREXEL International Corp.

Industries need to adopt permanent, long-term solutions to challenges that arose due to the COVID-19 pandemic. Groundbreaking innovations resolving supply chain resiliency, coupled with product supply chain lifecycle management are the vital pillars to pivot adequacy in the face of an unexpected event in the future. Global supply chains are here to stay and investing in building a strong supply base and risk management systems such as predictive supply chain management is considered the best road to tread in the post-COVID world.

mHealth Apps Market Analysis, Industry Size, Share And New Opportunities Till 2028: Grand View Research Inc.

 The spread of the coronavirus has compelled all countries to examine the possibilities provided by modern technology to tackle the pandemic. Scientists and developers are focusing on utilizing technology to save lives, particularly during the pandemic. The silent transmission of coronavirus – caused by asymptomatic persons has been a serious worry in the fight against the COVID-19 pandemic. Using mHealth technology such as mobile applications and wearable sensors to monitor COVID-19 patients and suspected cases, which can help to reduce the pandemic’s impact, is a good strategy to minimize the pandemic’s impact.

Understanding mHealth —

mHealth, when bifurcated stands for mobile health. In layman’s terms, mHealth is the process of providing health care and medication with the help of mobile technologies such as computers, mobile phones, and tablets. The mHealth technology performs activities including collecting vital signs, providing information to physicians, and allowing remote examinations with the help of tablets, mobile phones, and other portable devices.

Mobile health technology is extremely helpful especially in rural places where physicians and nurses may not be available to offer care to the patients. Doctors and nurses operating in these remote locations rely on mHealth for up-to-date medical information, as well as sharing the information with the relevant authorities nearby. Mobile health technology also allows medical students and residents working in distant regions to receive faster training and instruction during health emergencies.

Besides, the COVID-19 pandemic has jolted everyone to an extent that people are overcautious towards their wellbeing. The fear of infection has driven the use of apps and wearables as a way to make people feel safer. With the ever-evolving technology, wearables can now provide reliable input on blood pressure, body temperature, and health signs, which is ultimately restoring people’s sense of relief while also assisting them in tracking their health.

 

Let’s take you through some examples of mHealth apps which have been imperative during the COVID-19 pandemic.

It is believed that the inclusion of key components in mHealth might assist in diagnosis or symptom reporting that can be extremely crucial for infection management. Furthermore, the integration of essential epidemiological data and geographic information on transmittable diseases in a region would allow for case tracking, which can be utilized as an effective tool to prevent infection transmission. These types of mHealth apps can be more successful in delivering health-related information since data can be transmitted quickly and dynamically. During the first global wave of COVID-19 in the first quarter of 2020. Scientists and app developers came together to prevent the spread of coronavirus and developed several apps that were available universally to be accessible via smartphones.

A few of these apps are listed below:

Application Name                Features
Apple COVID-19The app has up-to-date information from trusted sources about the coronavirus disease that is impacting people across the world. It is a simple screening tool to determine what you should do if you are concerned about COVID-19.
HEALTHLYNKED COVID-19 TrackerIt is a Covid-19 tracker app that allows users to self-report symptoms, if they test positive for the virus, alert contacts so that they can seek medical care to prevent spread.
Aarogya SetuThe app was developed by the Government of India to track COVID-19 at the personal and country level. The app also includes the initiatives and updates from the country’s health department regarding the pandemic. 
Coronavirus AustraliaThe app was launched by the Australian government to advise and keep its nationals up to date with official information.
Canada COVID-19The app was designed to keep the local population informed about COVID-19 in Canada. It also provides timely updates and important news and alerts from Canada’s Ministry of Health.

The above mentioned are a few of the most notable apps which were launched during the first global wave of coronavirus. There have been thousands of apps launched including self-monitoring apps that can notify the user of their health status during the pandemic. Moreover, a report by Grand View Research states that the Covid-19 pandemic has led to the increased utilization of mHealth applications across the globe. The upsurge in remote patient monitoring, patient data analysis, and diagnosis is the major factor boosting the adoption of these applications.

How mHealth is helping Health Workers, tackling COVID-19

The pandemic has posed enormous hurdles to countries with poor healthcare systems since many healthcare systems throughout the world are cracking under the weight of COVID-19. Hence, it becomes imperative to leverage technology to help our health care workers.

Let’s discuss through some points how mHealth is proving vital for health care workers during COVID-19:

  • The primary purpose for mHealth in assisting health care workers is in recording and logging cases, as well as providing contact tracing, all this when they are supervised and outfitted with suitable personal protective equipment.
  • Another role that mHealth plays is providing education, training, and supervision to health care workers. With the ever-changing information related to the COVID-19 due to virus mutations, the healthcare workers are required to be updated with the changing symptoms and advisories provided by the government.

How mHealth is assisting in the fight against COVID-19?

  • Practicing Social Distancing while treating the patients affected with coronavirus:

Key global authorities is advocating to reduce physical contact between healthcare workers and patients. It is advised to adopt telehealth services unless it is really important. This would help in reducing the transmission rate of COVID-19.

  • Crowdsourced Health Information App:

The app developers along with health professionals are developing coronavirus tracing applications that run on crowdsourced information. People from all over the world enter their information – travel routes, the likelihood of becoming infected, and so on – so that healthcare experts can track hotspots and carriers.

  • The rising use of healthcare gadgets:

The impact of COVID-19 on the mHealth sector has been impactful. The healthcare gadget market saw a steep rise during the rise of cases globally. People started using applications and wearing masks because they were afraid of being sick. They became aware of their body temperature and health indicators. They began to rely on apps for health screening and awareness. Many companies introduced several healthcare gadgets to reduce anxiety while making consumers aware of their health.

  • The use of AI in medical apps to track and diagnose COVID-19 outbreak:

AI can use demographics, travel, and infection data to estimate where an illness might spread and how quickly it will spread. This information is used by healthcare institutions and governments to act rapidly to contain the spread. Significant mHealth advancements, along with the help of AI and ML apps to screen people and estimate infection risks, have made AI a crucial contribution to recognizing, tracking, and diagnosing epidemics.

What will happen to mHealth in the Post-Covid-19 Era?

Medical communications, such as the treatment of several non-communicable illnesses or the provision of primary care, will be remembered in the post-COVID-19 era. With the adoption of digital health as the new normal during the COVID-19, the world has witnessed a tremendous influence on the global digital health business.

New technologies such as AI, IoT, 5G, video conferencing, and others will strengthen the post-pandemic era to let us all connect with healthcare professionals from across the world in whole new ways. All of this is already happening in real-time in this worldwide epidemic, and at an unimaginable speed.

The adoption of precision health, both in customized and predictive health settings, would be another important change that we will observe in the post-COVID-19 era. We will see how digital technology is being used to enable people to manage their own lives.

Furthermore, in the future, we will realize that the new world of medical infrastructure is extremely different from the one we are currently accustomed to. It would necessitate us to being open to adapt the change.

Finally, one thing is for sure. The mHealth sector is growing at a significant pace, and the change and growth in the mHealth world is going to bring a lot of positive changes to the healthcare sector.

Wine Market to Reap Excessive Revenues By 2028

 For thousands of years, people have been drinking wine and its benefits have been well documented. But there are still many people who doubt whether drinking wine is good for health or not. Are you also the one or maybe just curious to know what’s the truth? Lemme be your genie today. Follow me through this post and all of your doubts must be resolved within 5 minutes of this reading.

But before that, I would like to take a pause, your majesty, and tell you a little about what is wine and which sector/industry does it belong to for those who don’t know.

Wine is an alcoholic beverage, belonging to the wine industry, that is made from fermented grapes. During the process of fermentation, the sugar in the grapes gets converted into carbon dioxide and ethanol. Different strains of yeasts and different types of grapes give us multiple styles of wine. As per the latest report of Grand View Research on Wine market, the market size of this market was valued at USD 417.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028.

Now coming back to if wine has certain health benefits, then, I would say YESsssSSSsss!!!!! (a big one). Below is the infographic that I have designed for you to sum up the 5 benefits that you can derive from wine.

wine
5 health benefits of drinking wine

Before I say goodbye, the only point I would like to highlight is

wine is beneficial only if consumed moderately.” Too much of everything is bad, isn’t it?

As per USDA’s Dietary Guidelines for Americans, up to two drinks for men and up to one drink for women comes under the category of moderate. Stay Safe and Stay healthy.

Thursday, 17 June 2021

5G Services Market Top Players ,Analysis And Forecast Till 2028: Grand View Research Inc.

 This article is all about the evolution of our technology from 1G to 5G. If we go by the latest report on the 5G services market of Grand View Research, this market stood at USD 41.48 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 46.2% from 2021 to 2028. 5G belongs to the next-gen technology sector where one of the most driving factors has been the growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management.

I have created a beautiful infographic for you people where you can find a summary of the evolution of technology from 1G to 5G.

Without talking about the 5G network in this article and concluding it would be slightly unfair. Hence, some little information for you lovely people.

5G technology was the first launched by three South Korean companies namely LG Uplus, KT, and SK Telecom in the month of March 2019 in their country itself. Since then, 5G has been rolled out in 60+ countries such as China, United States, U.K., and Spain to name a few.

How 5G is better?

5G will be faster than 4G in many ways:

  • Low latency than 4G
  • More security and regulations
  • Increased spectrum
  • Better connection density
  • High speed
  • Increased Traffic Capacity
  • More efficient network
5G mobile network
A journey from 1G to 5G – The evolution of technology

Conclusion

5G is not the end. As everything in the world is constantly evolving so is technology. 5G is yet to be launched by many countries, and we have already started talking about 6G which is planned to be launched somewhere near 2030. With the use of deep learning and big analytics data, 6G looks promising which is almost a decade far. Till then, let’s explore what we have and keep our fingers crossed.

Telemedicine Market to Register Stable Expansion During 2021 – 2028: Grand View Research Inc.

 In today’s tech-savvy world where everything, right from a can to a car can be ordered from online websites and apps, it is high time that medical treatment, which is mostly exclusive to the doctor’s clinic or hospital right now, should also make a change for the better.

This is where Telemedicine comes into the picture. Telemedicine as a process, seeks to distribute health information and its related services through electronic media to the general public. It helps the patients and clinician to contact each other remotely, go through the previous care, review its data and delineate the future course of treatment. In addition to this, it also allows patient follow-ups, reminders, education, intervention, monitoring and remote admissions.

Telemedicine has really come through for many of us in these hard times of pandemic and has seen a remarkable growth in its market share. The infographic below is made to highlight those key market drivers, its challenges and important bifurcation of the market in terms of telemedicine type preferred by the general public. Also, there are some supportive facts that can stir your interest right up in the market. Thank me later!

Telemedicine Market – What & How!

The next section is for those, who were intrigued by the information inside and thought to themselves, What about other market segmentations? or I wish, I got to know more about the market players!  To you my curious friend, I say, et voila!

Some of the important market statistics –

  • The global telemedicine market size is expected to reach USD 298.9 billion by 2028
  • In Technology, the store and forward segment dominated with largest revenue share of around 40.0% in 2020
  • When it comes to Applications, teleradiology segment ruled the roost with more than 26.0% revenue share in 2020
  • The web/mobile based delivery model dominated the market for telemedicine and accounted for the largest revenue share of 78.6% in 2020
  • Regional market-wise, North America dominated the market for telemedicine and accounted for the largest revenue share of 34.4% in 2020 owing to high demand in the recent past followed by Europe
  • COVID-19 has provided a major boost to the telemedicine and is the big reason that telemedicine market is receiving such great demands form all around

Cool facts and Its sources –

  • According to GlobalMed, 74% of millennials prefer telehealth visits to in-person doctor exams
  • According to MDPI, up to 89% of patients are willing to accept telemedicine as a sufficient form of medical care
  • MDPI also states that, 85% of patients who receive telemedicine services are satisfied with their medical care
  • On the basis of data from McKinsey, 82% of consumers view digital options as the best way to monitor health

Some Major Market Players –

  • MDlive Inc.
  • SteadyMD Inc.
  • Maven, Inc.
  • iCliniq
  • HealthTap, Inc.
  • BioTelemetry, Inc.
  • American Well
  • CVS Health
  • Synapse Medicine
  • Practo
  • Teladoc Health, Inc.
  • Doctor On Demand, Inc.
  • AMD Global Telemedicine
  • Aerotel Medical Systems (1998) Ltd.
  • Plantronics, Inc. (Polycom)

To have a further understanding about the market, you can visit the official website of Grand View Research, Inc.

Expansion of Pharmaceutical Analytical Testing Outsourcing Market During 2021 – 2028 to Gain Robust Traction: Grand View Research Inc.

 

Do you remember when we go to the office, what is the expectation of our boss from us?

Quality work submitted on time. Maybe?

When we look back to our school and college time, isn’t the same thing that our teacher used to expect from our assignments?

Even today, is quality, not our topmost priority when we do some work or when somebody is doing something for us?

Henceforth, QUALITY IS IMPORTANT.

Just like for us, quality work is also important in the pharmaceutical industry whether it’s method validation, tech transfer, microbiological testing, or method development. In this regard, here what people working in this industry has to say:

Quality results are what pharma wants; rarely do we hear complaints about cost.

Michael Crowley, Ph.D., M.S., B.S., Vice President business development, PharmaForm

The key to everything in our industry is quality. Not only does this refer to the quality of the data, but also the quality and reliability in delivery; the quality of the relationship as well as trust; quality associated with regulatory adherence; quality associated with the communication; quality of the science and people; and quality in working through problems and issues.”

Randall Guthrie, Vice President, Xcelience, LLC

Price rarely comes up in conversation with clients.

Frank Santillo, Ph.D., senior director of research services for Bilcare Global Clinical Services

Increasing R&D budgets and investments in drug discovery are among the critical sustainability strategies for pharmaceutical companies. Not all companies have an infrastructure that is conducive to all types of analytical testing. Hence, outsourcing these operations is the most suitable option, which also helps save time and cost.

Other factors, such as the increasing need for product safety & quality, along with changing regulations for in vivo and in vitro tests are also expected to propel the growth of the market. For instance, the government of China issued a notification to upgrade the quality of generic drugs, remove the backlog of drug applications, improve the quality and transparency of the review and approval process, and encourage new drug R&D in line with global development.

Some key points to note:

  • As per the latest report by Grand View Research, the global pharmaceutical analytical testing outsourcing market size was valued at USD 6.54 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% over the forecast period.
  • Innovation in the pharmaceutical industry, increasing focus on regulation, safety & quality, rising number of end-users, and pricing benefits of outsourcing are the key factors driving the market.
  • In several nations, analytical laboratories are considered to be a part of the essential healthcare infrastructure, thus analytical studies were continued with minimal or no initial disruptions due to COVID-19.
  • The Asia Pacific is expected to be the fastest-growing regional market from 2021 to 2028 as a lot of developed countries are investing in countries in this region.
  • Some prominent players in the global pharmaceutical analytical testing outsourcing market include:
    • SGS SA
    • Toxikon, Inc.
    • Eurofins Scientific
    • Pace Analytical Services, Inc.
    • Intertek Group Plc
    • Pharmaceutical Product Development, LLC.
    • WuXi AppTec, Inc.
    • Boston Analytical
    • Charles River Laboratories International, Inc.
    • West Pharmaceutical Services Inc.

Agro Textiles Market Poised to Expand at a Robust Pace of USD 13.04 Billion Over 2028: Grand View Research Inc.

Infographic for better understanding of market segmentations.
Market Segmentations in a Nutshell

 While, agriculture and textile both are quite ancient practices, only one type of link was established between them, which was unidirectional. That is, agriculture provided raw materials to the textile industry and nothing more. Now, after so many years, a new development has taken place, which includes textile industry’s input for the betterment of agriculture. In simpler words – Agro Textiles.

Agro textiles are those products, which form a part of segment called Technical Textiles and are used for several important purposes, such as, to prevent soil erosion, cover a greenhouse, catch fishes, stop bird attacks, and as a weed control among others. It is classified into woven, non-woven and knitted fabrics. Also, due to its growing efficacy in the applications, cheap prices and variety in products, these products are gaining truckload of demands all over. In short, Agro Textiles Market is expanding and it is expanding well! This makes it one of the best markets to dive in and know more about, as nobody knows where the opportunities might come from! The infographic below shares some of the crucial details regarding the market and makes the reader aware about the market segmentations to focus upon. Have a look yourself!

Now that you have arrived till here, as a token of thanks, I’ll leave you with a bonus section. Next section is focused on providing you with major data statistics of Agro Textiles Market. It will give you better understanding of the market and make you familiar with the major market players.

All about Market in Brief –

  • The fishing nets product segment is expected to witness the fastest CAGR from 2021 to 2028 on account of rising demand for these nets as a result of significant use of fish and associated products in the food, skincare, and other industries
  • Aquaculture was the dominant application segment in 2020 and is expected to reach USD 7.89 billion by 2028 owing to the rise in aquafarming activities
  • Asia Pacific is estimated to witness the fastest CAGR, in terms of revenue, from 2021 to 2028
  • This growth can be credited to the surge in demand for high-quality agriculture products and increasing awareness & adoption of advanced materials and tools in the agriculture sector
  • The market in China is estimated to witness significant growth over the forecast period on account of advancements in the sector, which boost product demand
  • The prominent manufacturers emphasize the advancement and innovation through extensive R&D. Key players have achieved integration among the value chain to strengthen their market positions

Major Market Players –

  • Beaulieu Technical Textiles
  • Belton Industries, Inc.
  • Meyabond Industry & Trading (Beijing) Co. Ltd.
  • Capatex Ltd.
  • Neo Corp International Ltd.
  • Diatex
  • Hy-Tex (U.K.) Ltd.
  • Zhongshan Hongjun Nonwovens Co. Ltd.
  • SRF Ltd.
  • Tama Plastic Industry
  • Hebei Aining Import and Export Co. Ltd.
  • B&V Agro Irrigation Co.

Want to know more about the market and boost your learning experience, please visit Grand View Research, Inc. They are happy to help.

Contactless Payment Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Due to COVID-19, the global economy has been disrupted and as a result, has changed the way we do business these days. From adopting social distancing to going contactless, everything has changed. Though, contactless payment was a big part of how we pay pre-COVID-19, but, due to the “no-touch contact”, there has been a surge in the contactless payment market.

Contactless payment works on the Near Field Communication (NFC) technology where data gets wirelessly transferred from smartphones, laptops, tablets, and other devices when they are in close proximity. This advanced technology helps in contactless payments via mobile wallets such as Android pay, Apple Pay, and contactless card.

As per the latest report by Grand View Research on the contactless payment market, the market size of this industry was valued at USD 1.34 trillion in 2020. It is expected to expand at a CAGR of 20.3% from 2021 to 2028.

Below is the infographic that will summarize how COVID-19 has impacted contactless payment.

contactless payment
Impact of COVID-19 on contactless payment

Conclusion

Though “tap to pay” is considered as easy to use and highly convenient, however, we can’t deny the fact that this technology is not 100% risk-free. Also, small businesses can still not afford it as it’s an expensive deal. Having said that, I wish as the technology is advancing, in near future, we will see a lot safer and inexpensive device for our businesses.

Wednesday, 16 June 2021

Pharmaceutical Logistics Market Key Players ,Industry Share ,Growth, And Forecast To 2028: Grand View Research Inc.

 Pharmaceutical Logistics Market Growth & Trends

The global pharmaceutical logistics market size is estimated to reach USD 138.9 billion by 2028, registering a CAGR of 8.5% over the forecast period, according to a new study by Grand View Research, Inc. The market growth is attributed to the rising demand for a variety of drugs as a result of increasing cases of chronic and lifestyle-related diseases. The market is expected to witness a high growth rate in cold-chain as well as non-cold chain pharmaceutical logistics owing to the impact of COVID-19 across the globe. During this pandemic situation, the government and officials across countries are primarily focusing on preventive measures and the treatment of patients.

The import and export of various medicines to treat coronavirus are increasing across countries, including the U.S. and China. Along with international trade, the nationwide logistics of drugs is also expected to fulfill the rising demand from all the hospitals and medical establishments. Additionally, the U.S. Food and Drug Administration (FDA) and other healthcare agencies across various countries such as India, China, and the U.K. have approved the emergency use of COVID-19 vaccines. This, in turn, is expected to increase the global trades of vaccines in many countries, including the U.S. and India. Such increased trade of drugs and medicines across countries is expected to drive the market from 2021 to 2028.

Pharmaceutical logistics is an integral part of the healthcare system, as careful handling and transportation of pharmaceutical products are of utmost importance. Therefore, equipment and staff services involved in the pharma supply chain are highly expensive. Consolidations among the pharma companies, to expand their business and global presence, is the latest trend gaining momentum in the market. Technological advancements, such as cloud-based supply chain functions and blockchain technology, which provide accurate and real-time data of operations, will also have a positive impact on market growth. Additionally, these technologies also offer predictive analytics to identify demand, supply chain optimization, and risk management. Identifying risks and preventing them helps companies increase productivity, efficiency, and process optimization of their businesses.

In the U.S., the market accounted for the largest revenue share in 2020 and is expected to maintain its dominance over the forecast period. In Asia Pacific, the market is projected to exhibit the highest CAGR from 2021 to 2028 owing to an increasing financial budget for the healthcare sector in several emerging countries of the region. Additionally, the soaring consumer spending on Over-The-Counter (OTC) pharmaceutical products is further expected to boost the regional market growth over the forecast period.

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Pharmaceutical Logistics Market Report Highlights

  • Amid the pandemic, governments across the globe are emphasizing healthcare facilities and ample medicinal supply for the patients. As such, the trade of conventional medicines is increasing from country-to-country
  • Many pharmaceutical companies, such as Moderna; Serum Institute; and Pfizer Inc., have developed and completed the three-phase trials of COVID-19 vaccines successfully. Hence, these vaccines have been approved for emergency usage across several countries, globally. This would require a resilient supply chain and logistic services to deliver these vaccines with maximum efficacy and thereby, estimated to boost the market growth
  • The demand for cold-chain pharmaceutical logistics services is expected to increase at a rapid rate over the forecast period owing to the rising adoption of temperature-sensitive pharmaceutical products around the globe
  • Outsourcing services are gaining traction in the market. Third-Party Logistics (3PL) operators offer integrating warehousing and transportation services on an outsourced basis. According to the Journal of Commerce, the revenue of the top 50 3PL companies has increased by more than 5.0% from 2016 to 2019
  • Monitoring components are expected to grow at a notable rate over the forecast period. This growth is attributed to the technological advancements in the devices installed for collecting and reporting real-time shipment information
  • The growing automation of refrigerated warehouses is expected to drive the market over the projected period. Warehouse automation includes cloud technology, robots, conveyor belts, truck loading automation, and energy management
  • Several prominent players are strategically concentrating on merger and acquisition activities to expand their overall regional presence

Access Press Release@ https://www.grandviewresearch.com/press-release/global-pharmaceutical-logistics-market

Pharmaceutical Logistics Market Segmentation

Grand View Research has segmented the global pharmaceutical logistics market on the basis of type, component, and region:

Pharmaceutical Logistics Type Outlook (Revenue, USD Billion, 2017 - 2028)

  • Cold Chain Logistics
  • Non-cold Chain Logistics

Pharmaceutical Logistics Component Outlook (Revenue, USD Billion, 2017 - 2028)

  • Storage
    • Warehouse
    • Refrigerated container
  • Transportation
    • Sea freight Logistics
    • Airfreight Logistics
    • Overland Logistics
  • Monitoring components
    • Hardware
      • Sensors
      • RFID Devices
      • Telematics
      • Networking Devices
    • Software

Pharmaceutical Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2028)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East & Africa (MEA)

List of Key Players of Pharmaceutical Logistics Market

  • Agility
  • Air Canada
  • CEVA Logistics
  • DB Schenker
  • Deutsche Post AG
  • FedEx
  • LifeConEx
  • Marken
  • United Parcel Service of America, Inc.
  • VersaCold Logistics Services

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.

Quality Management Software Market Is Projected To Reach Approximately USD 16.67 Billion By 2028: Grand View Research Inc.

 Quality Management Software Market Growth & Trends

The global quality management software market size is estimated to reach USD 16.67 billion by 2028, registering a CAGR of 9.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. The increasing advancements in functionalities of Quality Management Software (QMS) solutions along with the increasing integration of Artificial Intelligence (AI) and Machine Learning (ML) tools are expected to boost market growth over the forecast period.

The QMS market is anticipated to witness significant growth owing to the rising demand for effective management of organizational processes and the need for meeting consumer expectations in a highly competitive market. In addition, the rapidly increasing technological advancements in the IT and telecom sector and growing automation of the transportation and logistics industry are also contributing to the market demand. QMS software offers various functionalities, including out-of-specification test results, handling of non-conformances, calibration, ensuring compliance as well as a centralized system that ensures connection to organizations’ ERP and CRM systems. All these functionalities, coupled with benefits such as reduction of operational costs and business process optimization, are estimated to propel the adoption of QMS across a wide range of industries.

Quality management software offers increased flexibility and mobility in applications such as document control and resolution of non-conformances. The demand for cloud-based QMS solutions among end-use industries due to implied scalability and accessibility is further anticipated to boost the market growth. For instance, in January 2021, Arena Solutions, Inc. partnered with Rimsys Inc., a Regulatory Information Management (RIM) software platform provider, to offer secure cloud-based end-to-end quality and product-centric regulatory solutions for the MedTech industry. The strategic partnership is expected to enhance both the companies’ capabilities in automatically monitoring document changes and alerting users during reporting updates based on the document location.

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Quality Management Software Market Report Highlights

  • The document control segment is expected to witness significant growth over the forecast period. Compliance with stringent quality standards and rigorous regulations passed by FDA and other global regulations are the key factors for adherence to quality document control processes by industries worldwide
  • The cloud segment is anticipated to record the highest CAGR from 2021 to 2028. The popularity of cloud technology among cost-sensitive customers and small and medium enterprises is anticipated to boost the adoption of cloud QMS solutions
  • The small and medium enterprise segment is expected to record the highest CAGR from 2021 to 2028. The growing number of providers and reduced costs of QMS solutions have boosted their adoption across SMEs. Moreover, the utility of QMS solutions in process optimization and reduction of overall product costs are estimated to further drive the segment growth over the forecast period
  • Healthcare is anticipated to emerge as the fastest-growing end-use segment over the forecast period. Rapid regulatory updates and innovation in medical devices vis-à-vis technology trends such as the Internet of Things (IoT) and analytics are likely to boost the demand for QMS solutions in the forthcoming years

Access Press Release@ https://www.grandviewresearch.com/press-release/global-quality-management-software-market

Quality Management Software Market Segmentation

Grand View Research has segmented the global quality management software market based on solution, deployment, enterprise size, end-use, and region:

QMS Solution Outlook (Revenue, USD Million, 2016 - 2028)

  • Document Control
  • Non-conformances/Corrective & Preventative
  • Complaint Handling
  • Employee Training
  • Audit Management
  • Supplier Quality Management
  • Calibration Management
  • Change Management
  • Others

QMS Deployment Outlook (Revenue, USD Million, 2016 - 2028)

  • On-premise
  • Cloud

QMS Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

  • Small & Medium Enterprise (SME)
  • Large Enterprise

QMS End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • IT & Telecom
  • Transportation & Logistics
  • Consumer Goods & Retail
  • Defense & Aerospace
  • Manufacturing
  • Healthcare
  • Others

QMS Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Mexico
    • Brazil
  • MEA

List of Key Players in the Quality Management Software (QMS) Market

  • Aras Corporation
  • Arena Solutions Inc
  • Autodesk Inc
  • Dassault Systemes SE
  • Hewlett-Packard Enterprise Co.
  • MasterControl, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • Parasoft Corporation
  • PSC Software
  • SAP SE
  • Siemens AG
  • Sparta Systems, Inc.

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.

Computer Numerical Control Machines Market Predicted to Witness Steady Growth During the Forecast Period

 Computer Numerical Control Machines Market Growth & Trends

The global computer numerical control machines market size is expected to reach USD 126.27 billion by 2028, registering a CAGR of 7.5% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rising need for minimizing operating costs and errors in machine components and increasing efficiency in manpower deployment has led to the increased demand for automation and CNC machines.

Governments across the globe have imposed restrictions on transportation owing to the COVID-19 pandemic, which has resulted in port closures. Factors, such as reduced availability of air transportation facilities and stringent border controls, are delaying the procurement of raw materials and components. The resulting delay in the shipment of products to customers is further adding to operational costs. While the situation is adversely affecting profitability and competitiveness, market players are also losing ground in the market as customers are looking to approach alternative suppliers.

Technological proliferation has enabled manufacturers to use the Internet of Things (IoT) and machine learning in controllers. The use of these technologies in Computer Numerical Control (CNC) Machines led to the development of software applications that are compatible with PCs and smart devices, which allows operators and supervisors to control the machines remotely. Furthermore, the use of IoT is expected to bring about several innovations in terms of automation in the field, which would help save time and improve the productivity of companies.

Manufacturers are increasingly focusing on current technological trends in the field of software to enhance the connectivity of machines with operators and improve flexibility on the shop floor area. Several companies are investing in R&D activities to improve the equipment design in a way that reduces the floor space required and allows multiple operations to be carried out by the same equipment, thereby improving the productivity of the plant. This is anticipated to boost the market growth.

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Computer Numerical Control Machines Market Report Highlights

  • The milling machines segment is anticipated to register the fastest CAGR from 2021 to 2028 as a result of rising demand for this type of equipment owing to features, such as multi-functionality and reduced time requirements
  • The automotive segment is expected to register the maximum growth rate over the forecast period due to the rising product demand in this segment for producing components in less time and achieving a fine finish
  • Asia Pacific accounted for the largest market share, in terms of revenue, and is projected to expand further at the fastest CAGR over the forecast period
  • The increased focus on infrastructural development and digitization of industries in Asia Pacific is anticipated to drive the regional market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-computer-numerical-controls-cnc-machines-market

Computer Numerical Control Machines Market Segmentation

Grand View Research has segmented the global computer numerical control machines market based on type, end use, and region:

CNC Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

  • Lathe
  • Milling
  • Laser
  • Grinding
  • Welding
  • Winding
  • Others

CNC Machines End use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

  • Automotive
  • Aerospace & Defense
  • Construction Equipment
  • Power & Energy
  • Industrial
  • Others

CNC Machines Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Mexico
  • Middle East & Africa

List of Key Players of Computer Numerical Control Machines Market

  • Amada Co., Ltd.
  • Amera Seiki
  • Fanuc Corp.
  • Datron AG
  • DMG Mori
  • Dalian Machine Tool Group (DMTG) Corp.
  • Haas Automation, Inc.
  • Okuma Corp.
  • Shenyang Machine Tool Co., Ltd. (SMTCL)
  • Hurco Companies, Inc.
  • Yamazaki Mazak Corp.

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.

Fetal Monitoring Equipment Market is Thriving $6.16 Billion Revenue by 2030: Grand View Research Inc.

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