Furthermore, increasing number of emergency cases and demand for short stay ambulatory day care surgical procedure are amongst critical success factors attributed to the market growth. Access to universal health insurance coverage for a wider population base coupled with constant improvements in healthcare infrastructure in various developing countries are expected to positively impact the number of surgeries performed, thus increasing the usage of inhalation anesthetics.
In-Depth research report on Inhalation Anesthesia market:
https://www.radiantinsights.com/research/inhalation-anesthesia-market
On the basis of product, the inhalation anesthesia market is classified into sevoflurane, isoflurane, and desflurane. These products are used for induction and maintenance of anesthesia for patients during surgical procedures. Sevoflurane led the product segment in 2018 and is anticipated to grow at a lucrative rate over the forecast period, attributed to its therapeutic advantages, low cost, and higher potency for the induction of anesthesia. On the other hand, isoflurane is expected to witness the fastest CAGR of 6.3% over the forecast period, due to its increasing use in maintenance of anesthesia for treatment of weak or geriatric patients owing to its sparing effect on cardiovascular function.
On the basis of regions, the market is broadly classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). North America held the leading market share of USD 456.0 million and is anticipated to witness lucrative CAGR over the forecast period. This is owing to increasing prevalence of chronic diseases coupled with the presence of advanced healthcare facilities. On the other hand, Asia Pacific was anticipated to witness the fastest CAGR of 4.0% due to increasing population and number of patients suffering from chronic population.
Some of the key players operating in this market include Halocarbon Products Corporation; Baxter; Hikima Pharmaceuticals PLC; Lunan Pharmaceutical Group Co. Ltd.; Piramal Enterprises Limited; Jiangsu Hengrui Medicine Co. Ltd.; Fresenius Kabi AG, and AbbVie Inc.
Further key findings from the report suggest:
• Sevoflurane product segment led the market in terms of revenue, valued at USD 768.6 million, in 2018
• Isoflurane product segment is anticipated to expand at the fastest CAGR of 6.3% owing to its increasing use in the treatment of weak and geriatric patients owing to its low effect on cardiovascular function
• North America led the market in 2018 with a revenue of USD 456.0 million owing to the presence of advanced healthcare facilities, strong reimbursement scenario, and prevalence of chronic diseases
• Key players operating in the inhalation anesthesia market include Halocarbon Products Corporation; Baxter; Hikima Pharmaceuticals PLC; Lunan Pharmaceutical Group Co. Ltd.; Piramal Enterprises Limited; Jiangsu Hengrui Medicine Co. Ltd.; Fresenius Kabi AG, and AbbVie Inc.
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Monday, 11 January 2021
Inhalation anesthesia market size is at a lucrative CAGR of 3.5% over the forecast period
Wednesday, 6 January 2021
Global whiskey market size is expected to reach USD 89.60 billion by 2025
In-Depth research report on Whiskey market:
https://www.radiantinsights.com/research/whiskey-market
The market has also experienced a high demand for rye-based and single- and double-malt whiskey rich in new flavors. Use of malt whiskey in cocktail formulation is anticipated to increase the demand further. The segment is predicted to experience a steady CAGR over the next few years. The overall whiskey market has witnessed a shift from branded and premium drinks to super-premium and high-end premium drinks produced by skilled craftsmen using traditional processes.
High-end premium segment is likely to witness considerable growth due to market consolidation and high-entry-barrier of new companies. However, a small customer base and high prices of these products may limit the segment growth. The U.S. whiskey market is proliferating in line with the increasing disposable income levels, which has resulted in rising demand for the premium-quality products, such as corn and malt whiskeys.
Further key findings from the study suggest:
• Blended whiskey dominated the global market in 2018; while, the malt whiskey segment is projected to ascend at a CAGR of 7.1% over the forecast period
• The premium quality segment led the global market in 2018 accounting for a revenue share of 43.7%
• Rising preference for high-quality craft whiskey over those provided by established brands owing to the distinct taste and flavors will drive the segment
• The whiskey market in North America has grown at a prolific rate over the past few years owing to consumer preference for conventional, locally produced drinks
• Pernod Ricard, Hotaling & Co., William Grant & Sons, and Diageo plc are the prominent companies in the global market
• Most of these manufacturers provide whiskeys produced from locally-grown grains, such as rye, barley, and wheat. The whiskey distilleries owned by these companies are majorly located in U.S. and Europe owing to the substantial demand
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Tuesday, 5 January 2021
Global video streaming market size is expected to reach USD 184.3 billion by 2027
Globally, the rising demand for on-demand video and extensive growth of online video are key drivers of the market. Moreover, increasing demand for high-speed internet connectivity acts as an advantage for the market. The growing acceptance of smartphones in combination with an extensive range of high-speed internet technologies such as 3G, 4G, and LTE has substantially led to the trend of online broadcasts. In addition, the growing demand for devices that can support digital media is helping consumers’ access media content anywhere in the world.
In-Depth research report on Video Streaming market:
https://www.radiantinsights.com/research/video-streaming-market
The market can be categorized, based on stream type, into live and non-linear video. The ability to view content via the internet and in real-time can be defined as live streaming. This segment is expected to portray the highest growth over the forecast period. Based on solution, the market has been segmented into internet protocol TV, over-the-top (OTT), and pay-TV. OTT-based solutions deliver film and TV content through the internet without the need to subscribe to a traditional cable or pay-TV services.
In 2019, smartphones and tablets held the largest share based on platform, majorly due to easy accessibility of the internet, increasing disposable income, better standard of living, and changing lifestyle. The smart TV segment, on the other hand, is expected to register healthy growth over the forecast period.Based on revenue model, the subscription segment, including providers such as Netflix and Amazon Prime, held the largest share and is expected to register the fastest CAGR over the forecast period. This can be attributed to wide variety of content and availability of various subscription plans.
Further key findings from the report suggest:
• Increasing usage of videos in corporate training and in the education sector are anticipated to drive the market
• The over-the-top (OTT) segment held the largest revenue share and is also expected to grow at the fastest pace over the forecast period
• Asia Pacific is expected to witness significant growth over the forecast period, majorly due to increasing demand for high-speed internet connectivity and on-demand video streaming
• Key players in the video streaming market include Akamai Technologies; Amazon Web Services, Inc.; Apple Inc.; Cisco Systems, Inc.; Google; Kaltura, Inc.; Netflix; International Business Machine Corporation (IBM Cloud Video); Wowza Media Systems, LLC; AT&T Intellectual Property; and Hulu.
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Monday, 4 January 2021
North America - Smart parking systems play a vital role in generating better urban environment by minimizing the carbon emission
The increased use of automobiles and the trend of urbanization are leading to paucity in parking spaces. Technological advancements such as online payments and development of mobile apps for reserving parking slots are instrumental in driving the implementation of smart parking systems.
Numerous benefits offered by smart parking systems such as reduced congestion and reduced pollution are expected to drive the adoption of smart parking systems in North America. These systems involve usage of real-time data collection, low-cost sensors, and smartphone-enabled automated payment systems, which allow drivers to reserve parking in advance.
In-Depth research report on North America Smart Parking System market:
https://www.radiantinsights.com/research/north-america-smart-parking-system-market
In places, such as shopping malls, large commercial hubs, and sports and entertainment hubs, there are a large number of vehicles that need to be positioned appropriately to avoid congestions. In such situations, a smart parking system provides directions and accuracy in terms of parking the vehicles to the drivers. In North America, smart parking systems play a vital role in generating better urban environment by minimizing the carbon emission.
Further key findings from the report suggest:
• The hardware segment dominated the market in 2018 and is estimated to generate a revenue of over USD 2,185.3 million by 2025, as these components are largely deployed in various systems that provide guidance while parking vehicles.
• The signage segment is expected to grow at a CAGR of 16.7% over the forecast period, as signages guide vehicles with proper directions and help avoid confusions, thereby, improving accuracy and reducing mishaps.
• The consulting services segment is expected to grow at a CAGR of 20.1% from 2019 to 2025, as companies outsource the parking planning tasks to consultancy services that provide solutions depending on the requirements.
• Several organizations face the issues regarding parking spaces in urban areas. In order to cater to those problems, companies outsource these tasks to the consultancy services that provide solutions as per their requirements.
• Off-street systems are anticipated to gain traction due to the increasing congestions on streets. The segment is expected to witness considerable growth over the forecast period
• The government application segment for the market is estimated to reach USD 1,651.4 million by 2025 owing to its vast applications in smart city development projects initiated by government
• The key players in the north america smart parking system market are Amano McGann.; Conduent, Inc.; Cisco Systems, Inc.; SKIDATA AG.; Streetline, Inc.; ParkMe, Inc.; and Parkmobile LLC, among others.
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Wednesday, 30 December 2020
Increasing prominence of preventive healthcare is the major driving factors propelling the demand for probiotics across the globe
Following the growing demand for probiotics, key market participants have been investing in R&D activities to develop efficient probiotic strains. The probiotics industry has also witnessed advancements in delivery systems to enhance the delivery of probiotics in humans and animals Such developments are expected to emerge as a trend in the industry over the forecast period. In developed countries such as the U.S., probiotics are sold mainly in the form of dietary supplements. The demand for probiotic nutritional supplements has been spurred by the growing aging population and increased consumer interest in preventive healthcare.
In-Depth research report on Probiotics market:
https://www.radiantinsights.com/research/probiotics-market
Market players have introduced new products supplemented with probiotics in addition to other dietary supplements. Probiotic supplements containing different probiotic strains are available in various forms such as probiotics drops, tablets, and capsules. Manufacturers of private label and branded products are likely to continue to extend their product lines in probiotic product categories. The growing product lines and diversification in the same are intended to make manufacturers capable of catering to diverse demand trends across the globe. The same factor is prompting retail channels to increase their production volume in accordance with changing consumer tastes and preferences. Such trends are expected to benefit the growth of probiotics market.
Asia Pacific dominated the probiotics industry in 2018 with a share of 41.7%. The region is expected to retain its prominent position throughout the forecast period. In the last decade, the region has garnered a significant response when it comes to adoption of probiotics. This is attributable to the rings levels of health consciousness coupled with wider accessibility of probiotic products in this region. Another key observation in Asia Pacific with regard to consumption of probiotics is the growing popularity of vegetarian probiotic products owing to a healthy increase in consumer vegetarianism.
The Asia Pacific probiotics market has also witnessed new launches/product innovations by prominent market participants over the years. For instance, in February 2018, Yakult Danone introduced signature probiotic drinks in a new version in India. The product contained new formulations including Vitamin D & E along with Lactobacillus casei strain Shirota (LcS). Such developments are expected surge in the region over the forecast period owing to the presence of a large consumer base.
Further key findings from the report suggest:
• In terms of product type, probiotic beverages emerged as the largest segment in 2018 with a revenue of USD 39.56 billion. Cereal-based fermented beverages with probiotic content are being consumed extensively across the globe, thereby favoring the growth of the segment.
• In terms of ingredient, bacteria segment is expected to dominate the market throughout the forecast period. The growth of the segment is driven by the increasing employment of bacteria to maintain urogenital health/ vaginal health.
• In terms of end use, animal probiotic segment is expected to register relatively faster growth of over 7% over the forecast period. Increasing focus on enhancement of animal health has been fueling the demand for probiotics for animal nutrition.
• Asia Pacific is expected to be both the largest and the fastest growing regional segment over the forecast period. New prebiotic launches, innovations in probiotic delivery systems and the presence of key players have laid the platform for a healthy and strong growth of the region over the forecast period.
• The probiotic industry is subject to intense rivalry among prominent market players. Product innovation, mergers & acquisition, and portfolio expansion are some of the key strategies deployed by the key players.
• Some of the key market players are Arla Foods, Inc.., BioGaia AB, Danone, Chr. Hansen Holding A/S, General Mills, Inc., Danisco A/S and Lallemand Inc.
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Tuesday, 29 December 2020
U.S. cold storage market is expected to offer growth opportunities for the pharmaceutical industry
In-Depth research report on U.S. Cold Storage market:
https://www.radiantinsights.com/research/us-cold-storage-market
Growth of the U.S. cold storage market is profoundly influenced by extensive demand for perishable goods worldwide along with the availability of food and health supplies, and economic and political scenario. For instance, trade conflicts between U.S. and China is expected to negatively impact the growth. In March 2018, U.S. imposed a 25.0% tariff on steel and 10.0% on aluminum imported from China. The latter country, in turn, announced a 15-25.0% tariff on products imported from U.S., including pork, fruits, wine, nuts, and vegetables. These high tariffs imposed on food and agriculture produce are expected to negatively affect market growth.
Furthermore, outsourcing cold and frozen storage operations offers manufacturers various cost benefits. This can help eliminate costs associated with warehouse space and management, technology, transportation, and labor. Operational costs such as employee salaries, heating and cooling expenses, insurance, and electric power cost can also be reduced by working with supply chain partners. As a result, manufacturers can increase their profit margins and focus on core business activities such as quality product manufacturing, expanding customer base, and satisfaction of customer needs.
Further key findings from the report suggest:
• Rising demand for healthy food, import and export of refrigerated foods, and increasing private sector participation are expected to propel market growth
• Provision of cold storage facilities assists in extending the shelf life of perishable goods such as fresh agricultural produce and frozen foods
• Growing automation in warehouse management is anticipated to spur the growth over the forecast period
• Numerous initiatives undertaken with the objective of reducing wastage of post-harvest and processed foods is also expected to boost the market
• Some of the key participants operating in the U.S. cold storage market are Americold Logistics, LLC, AGRO Merchants Group North America, Burris Logistics, Cloverleaf Cold Storage, Henningsen Cold Storage Co., Lineage Logistics Holdings, LLC, Nordic Logistics, LLC, Preferred Freezer Services, United States Cold Storage, and Wabash National Corporation
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Monday, 28 December 2020
Global nutrigenomics market size is expected to reach USD 850.86 million by 2025
Obesity and cancer research applications of nutrigenomics emerged as the market leaders in 2017 and are expected to maintain the dominance expanding at a significant CAGR over the forecast period. Developing regional markets including Asia Pacific, Latin America, and Middle East are also expected to witness rapid expansion owing to the increased cases of obesity and growing geriatric population.
In-Depth research report on Nutrigenomics market:
https://www.radiantinsights.com/research/nutrigenomics-market
Further key findings from the study suggest:
• The global nutrigenomics demand exceeded USD 250 million in 2017 and is expected to expand at a CAGR of 16.48% over the forecast period
• Obesity application segment led the market in 2017 and is estimated to account for a 38% of the industry share by 2025
• North America accounted for the largest market share in 2017 and is estimated to maintain its dominance over the years to come
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to increasing cases of obesity and CVD-related deaths
• Key participants in the global nutrigenomics market include Koninklijke DSM N.V. (Royal DSM); BASF SE; Danone; GeneSmart; Unilever; Genova Diagnostics; Inc.; Nutrigenomix, Inc.; Metagenics, Inc.; WellGen, Inc.; and Cell Logic
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