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Global Pea Protein Ingredient Market is expected to reach US$1,374.3 million registering a CAGR 8.4% by 2025

Fairfield’s latest market research report on the global pea protein ingredient market discusses the changes in the global diet. The growing popularity of veganism in the West and awareness of the environmental impact of meat consumption is expected to play a critical role in shaping the market. The research report highlights key drivers, restraints and potential threats to the pea protein ingredient market globally. 

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Key Highlights

  • Rising popularity of convenient food to accelerate demand for pea protein ingredient
  • Higher awareness among consumers about healthy life choices to boost demand for pea protein ingredient
  • Dry pea protein to flourish as it is more sustainable compared to conventional pea protein ingredient
  • Europe likely to dominate the global market as this region has a large consumer base with the growing popularity of veganism
  • Key players to actively focus on investing in research and development activities

The global pea protein ingredient market is expected to flourish owing to multifunctional properties of pea protein ingredient. The market is expected to show favourable growth during the forecast period, reaching US$ 973.5 Million in 2021. In the next five years, the market is expected to register a CAGR 8.4%.

According to analysts, increased preference for convenience food products is likely to be the key driver. Pea protein ingredient is gaining wide popularity as it provides a healthy alternative to lactose-intolerant consumers, vegetarians and vegans. Heated conversations around healthy lifestyle choices and conscious consumption are boosting the demand for nutrient-rich protein alternative. Pea protein ingredient is also being widely consumed as it can be easily absorbed and digested in the body. The market is increasingly substituting meat industry as it provides simple storage options and has lower processing cost.

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The dry segment is expected to lead the global market. The pea flour extracted in the form of powder is dry pea protein. The dry pea protein is known to be more sustainable compared to the conventional protein sources therefore, providing enhanced functionality by increasing its range of applications.

Europe is expected to dominate the global market during the forecast period. This dominance will be due to large scale consumption and production of plant-based products. Furthermore, a shift of consumer preference towards veganism will also drive the regional market. The growth of this regional market will also be attributable to the awareness about the benefits of pea protein ingredient. This has also led manufacturers in this region to comply with the EU standards regarding non-GMO products. These factors are likely to boost the demand for the market in this region.  

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The key players are investing in research and development activities to expand and improvise their product portfolio. This will create dominance and increase competition in the market. They are actively investing in research and development activities along with focusing on mergers and acquisitions to stay ahead in the competition.

The key players operating in the global pea protein market Roquette Group, Ingredion Incorporated, PURIS, Emsland Group, Cosucra Groupe Warcoing SA, Axiom Foods, DuPont de Nemours, Inc, The Scoular Company, Burcon NutraScience Corporation and Glanbia plc.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

 

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Waste-to-Energy (WtE) Market stood at US$ 25,071.3 million in 2019 and is expected to reach US$ 36,266.6 million by 2025

Fairfield Market Research assesses the serious need for sustainable solutions as the world finds itself in the tight grip of global warming. In a bid to offer cleaner energy supplies, manufacturers are focusing on transforming existing waste into useful energy. The latest research report highlights the factors likely to drive the global waste to energy market in the coming decade.  

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Key Highlights

  • In terms of value, the waste to energy market stood at US$ 25,071.3 million in 2019 and is expected to reach US$ 36,266.6 million by 2025
  • Based on installed capacity, the WtE market is expected to reach 468.8 MT by 2025
  • Rise in demand for sustainable energy sources to boost the demand for the global market
  • Stricter government laws and regulations are forcing the key players to invest in alternative sources of energy generation.
  • The incineration segment expected to rise owing to its ability to treat multiple types of wastes
  • Players to focus on investing in research and development activities to stay at the top of the game

The global demand for waste-to-energy (WtE) market is expected to witness a high surge in demand as governments across the globe invest in developing sustainable solutions for generating energy from waste. This is being encouraged by improved awareness amongst consumers about the depletion of the non-renewable energy resources and soaring levels of pollution across the land, water and air. Collectively, these factors have contributed to the rise in demand for the incineration process and public waste-to-energy expenditure.  

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The positive approach to waste-to-energy technologies has led to its widespread acceptance in various countries. The need to cater to the rising demand for electricity consumption is also triggering the demand for these alternative technologies. Government bodies are increasingly implementing several federal laws and regulations to control the usage of non-renewable energy resources. Countries are moving towards achieving the zero-emission sources, bolstering the demand for the global waste-to-energy (WtE) market.

However, certain restraints are affecting the growth of the global market such as environmental hazards associated with the incineration process.

The type segment in the waste-to-energy market is segregated into thermal and biological. The thermal segment is further segmented into incineration, pyrolysis, and gasification. Among these, the incineration segment is expected to lead the global waste-to-energy market by registering a rising CAGR over the forecast period. There has been a rise in waste generation across the globe leading to increased demand for the incineration process globally. This process is increasingly rising in demand as it can treat multiple types of wastes.

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North America is expected to lead the global waste-to-energy market as this region has high potential due to developed economies in this region. North America has a high potential for growth with steady installations of waste to energy plants. The government policies in this region are strict, adhering to the Paris Climate Change Agreement hence, bolstering demand for better alternatives of non-renewable energy sources.

Europe is also expected to rise in demand during the forecast period as this region is heavily focusing on an energy system that depends lesser on fossil fuels.

Key players in the market are actively focusing on strategies such as mergers and acquisitions. There has been a rise in investment for research and development activities as investors are actively seeking reliable sources of energy conversion to create lucrative market growth opportunities.

The key players operating in the global waste-to-energy market are Covanta Energy Corporation, Veolia, Suez Environment, China Everbright International Limited, EDF, AVR, EQT AB, Wheelabrator, Hitachi Zosen Inova AG, Babcock & Wilcox Vφlund A/S, Viridor, Ramboll Group and GCL Poly.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Global Telemedicine Market is anticipated to reach US$ 152.1 billion by 2025 from US$ 82.7 billion in 2020

The latest report by Fairfield Market Research presents a unique insight into the global telemedicine market. The report discusses the disruption caused by COVID-19 in the healthcare system and presents a functional solution for the same. According to the analysts, the global telemedicine market is expected to surge as it offers the best possible way for handling the medical consultations during the ongoing pandemic.

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 Key Highlights 

  • Telemedicine is widely being adopted as social distancing and quarantine has become the new normal
  • Telecardiology and telepsychiatry will provide significant incremental market opportunities in the near future
  • Remote patient monitoring will register the highest growth among the modality segment
  • North America is expected to dominate the global market as it is technologically advanced
  • Key players are investing in research and development activities to stay ahead in the competition

The global telemedicine market is expected to flourish during the forecast period as the pandemic provides great opportunities. With solutions such as improved clinical management, effective care delivery and reduced variations in diagnosis by improving access and quality to healthcare services, the telemedicine solutions could be the best way of handling remote healthcare.

The global outbreak of Coronavirus has boosted the market as these solutions help patients to communicate effectively to their caregivers. Virtual care delivery is a massive step up during the times of social distancing.

The global telemedicine market is anticipated to reach US$ 152.1 billion by 2025 from US$ 82.7 billion in 2020, surging at a CAGR of 19% from 2021 to 2025. 

WHO has declared telemedicine as one of the essential services during COVID-19 emergency, offering the best possible way out for healthcare care providers. Reduced stress on medical professionals has been the key driving factor for the global telemedicine market during the pandemic. Telemedicine is one of the most versatile technologies that provides healthcare, health information and health education. It has aided in reducing the frequency of hospitalization and emergency room visits, thus reducing the chances of cross-contamination and hospital-acquired infections.

However, the market is expected to face certain restraints during the forecast period. The market might be affected due to lesser acceptance of technology by numerous patients and practitioners. The high cost of implementation is another factor affecting the growth of the factor. Practitioners and patients are also skeptical about safety issues and data privacy. Furthermore, poor access to the internet in rural parts of the world and technological ineptness are expected to tug the market in the opposite direction.

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Mobile or web-based model is expected to flourish in the global market as it provides direct access to care delivery solutions. This segment will witness significant growth as it allows delivers ease of operation and cost-effectiveness. Technological advancements and wide acceptance of cloud-based solutions are expected to boost the demand for this segment.

North America is expected to dominate the global market as this region has a developed healthcare facility along with consumer awareness. Asia Pacific is also expected to witness positive growth due to developing economies such as China and India. Development and innovation in telecommunication will boost the demand for telemedicine in this region.

Key players are focusing on research and development activities to generate technologically advanced systems that allow timely follow-ups, reminders and predictive analysis. This will provide them with a competitive advantage in the coming years. The market is expected to witness high competition due to the entrance of new startups that are actively seeking opportunities in this sector.

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The key players operating in the global telemedicine market are 2nd.MD, Allscripts Healthcare Solutions Inc, AMD Global Telemedicine, American Well, BioTelemetry, Blue Sky Telehealth, Cerner Corporation, Cisco Systems, Doctolib, Eagle Telemedicine, Honeywell International Inc, iCLiniq, InSight, InTouch Technologies, Koninklijke Philips N.V., McKesson Corporation, MDLive, MeMD, OBS Medical, Polycom Inc., SOC Telemed and Specialist Telemed.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Pigment Market is Projected to Touch US$40.2 Bn by 2025, Rising at a CAGR of 4.6% Between 2021-2025

Fairfield Market Research assesses the serious need for sustainable solutions as the world finds itself in the tight grip of global warming. In a bid to offer cleaner supplies, manufacturers are focusing on transforming existing techniques into greener ones. The latest research report highlights the factors likely to drive the global pigment market in the coming decade. 

Key Highlights

  • Rise of urbanization and increased infrastructure to boost demand for pigments market.
  • Market is expected to face restrains owing to strict regulations.
  • Asia Pacific will lead the global market as it has the largest consumer base.
  • Key players are actively investing in the expansion of the product portfolio to dominate the market.

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There has a been an increased demand for pigment in the global market owing to its wide array of applications in industries such as plastics, construction, textiles, paints and coatings. Paints and coatings are the largest consumers of pigments. They lend the desired finish and colour to the surface they are used on. Pigments also safeguard paints against extreme weather conditions and corrosions. Demand for pigments is accelerating due to growing infrastructure, urbanization, plastics and building materials and paint & coatings market. The market is expected to face a shift towards eco-friendly and sustainable products due to the stringent regulation of government bodies. Consumers are increasingly changing their preference and becoming more conscious hence, they are choosing eco-friendly alternative colour shades.

However, there are certain restraints that can hamper the growth of the market in the coming years. Increased raw material prices and energy cost are key factors that can bring challenges in the growth of the global pigments market. Furthermore, the pigments market is also affected by the environment and regulatory authorities to protect consumers from toxic pollutants. The industry is facing challenges due to these regulations as government bodies are taking strict measures hence, resulting in the increased price of organic pigments. Another major restrain faced by the market is maintaining stability in the supply of intermediaries and finished product as the market heavily relies on these two.

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Paint and coating industry segment is expected to lead the global market as this segment has the largest consumer base for pigments. The pigments market growth is flourishing due to the rise of new application areas in paints and coatings industry. Urbanization is one of the biggest factors bolstering the demand in the market. Building materials is a key factor supporting the demand. Moreover, modern painting industry is also accelerating the demand for paint and coating industry segment as demand for high-quality pigment and colours in printing ink is rising. Printing ink is consumed by major end users such as leather, paper, and plastic industry.

Asia Pacific is expected to lead the global market as this region is witnessing the rise of producers as well as consumers of pigment. The rise in demand and production in this region is due to emerging economies such as China and India. They are the major producers of pigment as the manufacturers are migrating to these countries over the last decades. Asia Pacific meets the regulations for VOCs and lead chromate hence, bolstering the market in this region.

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The key payers operating in the global pigments market are investing in enhancing their product portfolio with advanced technologies. Key players are engaging in research and development to produce superior quality of colour that is less harmful to the environment. Additionally, the players are also adopting technological collaborations to increase the efforts in research and development activities for the company. Few of the key players in pigments market are Venator, Lomon Billions, Chemours, LANXESS, Tronox, Kronos Worldwide Inc., Altana AG, DIC Corporation, and Heubach GmbH among others.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Bio LPG Market is Expected to Reach US$1,020.32 Mn by 2025 from US$153.71Mn in 2019

The global Bio LPG demand is expected to rise during the forecast period as it is an ideal energy solution that helps in reducing the emissions of CO2 by 80%. Consumers are increasingly adopting it as it is derived from plant and vegetable residues and municipal waste. A recent report published by Fairfield Market Research predicts that the global Bio LPG market is expected to reach US$1,020.32 Mn by 2025 from US$153.71Mn in 2019. The global market is expected to witness a rise of CAGR 47% during the forecast period of 2020 to 2025.  

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Higher Affordability of Bio LPG will Fuel its Demand during Forecast Period 

The rise in demand for sustainable and alternative choices will boost the demand for Bio LPG globally. Increasing awareness about carbon impact is encouraging consumers to switch from traditional high carbon energy sources to cleaner alternatives such as Bio LPG. High demand for LPG for heating, cooking, and vehicular fuel is expected to offer the global Bio LPG market lucrative opportunities.

Also known as biopropane, Bio LPG is made from crop and waste feedstocks, which are readily available. This makes the energy solution an accessible possibility. It is known to reduce 80% of CO2 emission along with 100% ability to blend in with LPG, thus eliminating the need for a separate supply chain. These factors are known to boost the uptake of Bio LPG globally.  

Harnessing Municipal Waste and Cellulosic Organic Waste to Increase Bio LPG Yield

The bio-oil segment is expected to lead the global market as it represents 100% of the feedstock market share. However, it remains the bare minimum yield.

Analysts anticipate that players will focus on deriving Bio LPG from other feedstocks such as cellulosic organic waste and municipal waste, which are readily available. If these are harnessed to their maximum potential, Bio LPG could be easily produced and distributed, reducing the pressure of pollution created by conventional fuels. Furthermore, their sheer volume could generate a higher yield as compared to the amount derived from bio-oil feedstocks.

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Europe Expected to Lead the Global Market as Players find Government Support

Europe produces more than 90% of the global Bio LPG and is expected to continue to build on this in the coming years. Commitment to reduce carbon emissions is expected to keep this region at the forefront. Strong presence of key players such as Neste, Eni, Total, and Preem AB in Europe is also expected to give this regional market an edge over others.

As Europe makes a rapid transition towards replacing conventional LPG with Bio LPG, the demand for this is expected to soar exponentially. Several companies across the region are redefining their renewable targets, which is expected to contribute to market growth. Additionally, builders focussed on reducing the carbon footprint of heating mechanisms will rely on Bio LPG, which can be seamlessly used via conventional LPG pipelines and equipment. All of these factors are expected to keep the Europe Bio LPG market in the lead during the forecast period.

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Key Players Focus on Expanding Facilities to Stay Ahead of Bio LPG Demand

The key players are focusing on expanding their Bio LPG facilities to cater for the rising demand. For instance, Repsol announced on October 22, 2020 that it will build its first low emission advanced biofuel plant in Spain. This refinery in Cartagena will be operational from 2023 and will generate advanced biofuels from recycled raw materials used in cars, trucks and aircrafts. This will likely help in reducing carbon dioxide emission by 900,000 tons each year.

La-Roche-Posay is the first to use Bio LPG in its industrial site in France in 2018. In 2005, La-Roche-Posay’s site was producing 192 tCO2 each year which was later reduced to zero in 2019 owing to Bio LPG being the final step towards carbon neutrality. The company was committed to reducing its global carbon footprint by 60% in 2020.

The key players operating in the global Bio LPG market are Diamond Green Diesel, Global Bioenergies, Irving Oil, AvantiGas, Renewable Energy Group, Inc., Preem AB, SHV Energy, Eni, Total, and Neste.

 

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Yacht Charter Market is on Track to Register an Impressive CAGR of 22.85% from 2021 to 2027

The global yacht charter market is driven by an upsurge in leisure activities as consumers across demographics discover the pleasure of yachting to exotic locations. Charter yachts are immensely popular as they rival the best that luxury hotels have to offer with the added advantage of complete seclusion as any tourists can travel to a waterbody of their choice. Tourists can visit several locations in a single trip and avoid the inconvenience of bumper-to-bumper traffic or lengthy waits at airport departure lounges, making yacht charters extremely appealing for those pressed for time or willing to pay for a premium experience.

As per Fairfield Market Research, the global yacht charter market is on track to register an impressive CAGR of 22.85% from 2021 to 2027.

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Government Initiatives to Play Major Role in Popularizing Yacht Charters

National governments are putting various initiatives in place to boost local tourism and yacht charters are vital in this. The govt. of Indonesia has excluded the Clearance and Approval for Indonesian Territory (CAIT) from its marine tourism policy. This resulted in a profit of $600 million in 2019 alone.

Yacht Charter Companies Entering Into Celebrity Partnerships to Raise Awareness

Yacht charter companies are seeking out alliances with social media influencers to tap previously undeserved millennial or Gen Z audiences. Celebrities are chartering yachts for private getaways and documenting their experiences on social media, exponentially raising awareness among younger clientele who have the disposable income to indulge in luxuries such as charter yachts.

Motor Yachts Most Popular in the Yacht Charter Market Due to Their Design and Range

The motor yacht segment is anticipated to race ahead of other segments in the yacht charter market as it can cover maximum distances in the shortest timeframe. The shallow design of motor yachts allows them to easily enter narrow passages and coastlines, boosting their demand amongst end-users. Motor yachts have a larger deck space than other options in the yacht charter market, allowing tourists to be in the lap of luxury while travelling the high seas.

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Wealthy Europeans to Continue Chartering Yachts to Travel to Unexplored Locations

Europe comprised almost half of the global yacht charter market with a share of 48% in 2020 and this is likely to continue for the forecast period. Europe has long been a highly sought-after tourist destination and Mediterranean nations such as Turkey and Italy will propel demand going forwad. Several companies on the continent already offer a combination of online yacht charter bookings with flights to provide a complete package to travellers.

The presence of a significant high-net-worth (HNI) population has resulted in a large number of watercraft licenses issued here to cater to the wealthy clientele’s discerning taste. In 2017, the European Commission stated that 60,000 yachts in European waters generate revenue of Euro 6 billion annually. Nonetheless, the highest growth rate of 24% is predicted to be in the dynamic Asia Pacific region as robust economic growth leads to a spike in HNIs, especially in Southeast Asia.

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Companies Looking at Both Organic and Inorganic Growth in the Yacht Charter Market

Companies in the yacht charter market are adopting different strategies including mergers and acquisitions, joint ventures, and collaborations to strengthen their competitive position. Companies studied in this report on the yacht charter market are Mertello Fairline Yacht, Thai Charters, Dream Yacht Charter, Fraser Yacht, Charter Yachts Australia, Boatbound Inc., CharterWorld LLP, Incrediblue Ltd., Burgess, Boat International Media Ltd., Simpson Marine, Northrop & Johnson, and Sailing Thailand Island Cruises Co., Ltd.

In 2018, Sailogy S.A. acquired Master Yachting and became the number one company in the yacht charter market. In the same year, rival Princess Yachts launched six models developed through its GBP 100 million investment programme from 2015. Other companies such as Click&Boat and Marine Max Group have also chosen an acquisition strategy to solidify their presence in the yacht charter market.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Global Video Conferencing Market Would Touch a Value of US$ 21,907.2 Mn by the End of 2026

The vendors operating in the global video conferencing market are at an important juncture on their journey to attaining fruition. The growth of the global video conferencing market is largely driven by the adoption of virtual platforms for communication, especially across the massive corporate sector. The emergence of remote working models across businesses and industries is generating palpable demand for video conferencing platforms that are user-friendly and offer a premium user-experience. For this reason, several technology giants have invested towards developing highly functional video conferencing platforms. Google Meet, the lauded video meeting platform by Google, is a sound example of investments made by global companies in developing video conferencing technologies.

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Fairfield Market Research estimates that the total value of the global video conferencing market would touch a value of US$ 21,907.2 Mn by the end of 2026, rising from a net worth of US$ 9,790.2 Mn in 2021. The proclivity of the corporate sector towards developing remote workflows that cut-down on operational costs has given a thrust to market growth.

Telemedicine Makes its Way across the Video Conferencing Turf

Until a decade ago, the concept of telemedicine was restricted to online prescription of medication. However, with rapid advancements in eHealth systems and a general acceptance towards remote health checkups, telemedicine has taken a more sophisticated route. The growing popularity of telemedicine has created headways for growth across the video conferencing market. There is stellar demand for high-quality video conferencing technologies that can ensure seamless communication for teleradiology or even telesurgery. This is an important dynamic of growth that shall power sales within the video conferencing market.

Cloud-Based Deployment of Video Conferencing Technologies to Gain Momentum

The onslaught of the COVID-19 pandemic forced companies to adopt remote models of work. Initially adopted as a crisis-communication and business continuity strategy, cloud deployment of video conferencing technologies has boded well for companies. These companies have witnessed a stupendous potential of savings through these technologies. It is found that cloud-based deployment will be the fastest growing segment within the videoconferencing market, growing at an astral CAGR of 17.4% between 2021 and 2026.

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Asia Pacific to Emerge as the Leading Regional Segment

The large population in India and China, with a growing percentage of people in white-collar jobs, has created humongous opportunities for growth within the video conferencing market. Furthermore, a formidable presence of IT giants in the region has also enabled the inflow of fresh revenues into the Asia Pacific video conferencing market. The availability of high-speed internet, powered by telecommunication giants such as India’s Reliance Jio Infocomm Limited, has impelled growth within the market. Other markets such as Europe and North America are also expanding alongside advancements in ICT infrastructure in these regions.

Some of the leading market players existing in the global video conferencing market are Cisco Systems, Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., and Zoom Video Communications, Inc. These vendors are expected to invest towards improving their video platform offerings in order to attract a larger consumer base in the times to follow. 

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Vaccines Market to Reach US$54,684.8 Mn, Globally, by 2025 at 10.2% CAGR: Fairfield Market Research

The global vaccines market is expected to flourish during the forecast period as the demand for vaccines is rising along with government support for research and development activities. A recent report published by Fairfield Market Research indicates a rise of 10.2% CAGR during the forecast period of 2020 to 2025. The global market is expected to reach US$54,684.8 Mn by 2025 from US$33,572.5 Mn in 2020.

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The rise of infectious diseases, for instance, COVID-19, is bolstering demand for improved vaccines. Therefore, the global vaccines market is expected to attain a 6.5%CAGR in terms of volume. The global vaccines market is expected to reach 5,595.4 Mn doses in 2020 to 7,675.1 Mn doses in 2025. 

Stringent regulations and demands from government and regulatory bodies overseeing vaccine safety and quality will boost the demand for a wide range of vaccines in the global market. According to WHO, high-income countries (HICs) account for 82% of global vaccines sales in value terms. HICs are paying higher prices and are expected to implement newer vaccines. PAHO Revolving Fund and UNICEF Supply Division have a significant influence on the market, this allows them to attain vaccines for lower prices as compared to other counties. PAHO acquire for approximately 40 member states and UNICEF acquires for all or some vaccines for up to 100 countries. These factors will likely boost the demand for the global vaccines market.  

Rising Demand for Infant Vaccines will Boost Demand for Paediatric Segment 

Based on end user, the paediatric segment is expected to flourish as it accounted for the majority of the share. Increased demand for DPaT vaccines, MMR vaccines, and BCG vaccines for infants will boost the demand in this segment. Increasing births and solid infant immunization programs are also expected to boost this segment in the coming years.

Based on technology, the pneumococcal conjugate vaccine (PCV) segment will likely dominate the global market with rising investment and support from governments. According to WHO, another 42 countries are likely to include PCV in their immunization program to prevent meningitis and pneumonia. Addition of densely populated countries to the PCV immunization program is also projected to boost the market’s revenue generation capacity.

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Asia Pacific to Stay Ahead as India Becomes Key Supplier of COVID-19 Vaccine

North America is expected to lead the global vaccines market as this region has a high prevalence of infectious diseases. For instance, meningococcal, Varicella and Influenza vaccines have a higher value in this region. This region is also witnessing increased investments from government and non-government organizations for vaccine development.

The vaccines market in Asia Pacific is expected to play a significant role in how the global market shapes. With significant production of COVID-19 vaccine in India, the country stands at the fulcrum of changing the game by being the key supplier. Serum Institute of India Pvt. Ltd. and Bharat Biotech are expected to tip the balance in favour of Asia Pacific, giving the region’s vaccines market a new high.

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Key Players are Adopting Strategies to Maintain Demand and Supply Balance

Only a few key players meet the international standards of quality determined by WHO. Owing to this, the global vaccines market is oligopolistic in nature. The limited number of vaccines suppliers and production capacities will affect the demand and supply balance in many individual vaccines markets, predicts research report.

The key players operating in the global vaccines market are Sinopharm, Serum Institute of India Pvt. Ltd., Novavax, Moderna, Mitsubishi Tanabe Pharma Corporation, Emergent BioSolutions Inc. and CSL Limited (Seqirus).

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Synthetic Artificial Blood Vessels Market Size Set for Healthy Expansion at a CAGR of 5.7% Through 2026

Between 2021 and 2026, the global market valuation of synthetic artificial blood vessels is expected to reflect a promising growth potential. According to a recently released market intelligence report of Fairfield Market Research, the global synthetic artificial blood vessels market size currently equates over US$296 Mn and will exhibit around 5.7% CAGR during the period of forecast. A large proportion of patient pool of peripheral vascular cases, and life-threatening cardiological conditions continues to live with unmet treatment needs, which highlights the need for solutions such as synthetic artificial blood vessels.

Bio artificial blood vessels are being increasing hailed as the future of human body implants, which indicates a huge opportunity residing in future for the participants in synthetic artificial blood vessels market.

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Synthetic Biopolymers Continue to be Sought-after

Synthetic polymers, the key material here, continue to gather momentum based on their established structures, endless form possibilities, and tunable attributes. Their preference over the natural counterparts will prevail, says the report. Synthetic biomaterials are capable of allowing the restoration of the structure, as well as function of a diseased/damaged tissue, which further upholds their growing popularity over natural polymer alternatives. Over the recent past, there has been a lot of development in the field of synthetic polymers – both biodegradable, and non-degradable.

In contrary to the shortcomings of natural biomaterials, including expensive price point, potential supply shortages, variation possibilities, and cross contamination risks, synthetic biopolymers will continue to gain traction for autologous replacement procedures in the synthetic artificial blood vessels market. However, a lot of work still needs to done on the biocompatibility, cell adhesion capabilities, and ability to self-restore mechanical properties for longer.

Revenue Generation by North American Market Remains Unsurpassed

The report suggests that North America is expected to retain its dominance on account of being the earliest technology adopter. The market in this region will also be favoured by widespread availability of technologically sophisticated facilities, as well as the supportive reimbursement policy framework. Greater usage of biometrics in the diagnostics sector is likely to be another strong factor responsible for upholding the top position of North America in synthetic artificial blood vessels market. Additional tailwinds are likely to be provided by the R&D afoot around advanced biomaterial grafts. Toward the end of 2026, the North American market for synthetic artificial blood vessels is all set to exceed revenues worth US$120 Mn, says the report.

On the other side, manufacturers operating in European markets are projected to discover new opportunities on the back of rising prevalence of cardiovascular conditions, kidney-related diseases among the European population.

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Leading Players in Global Synthetic Artificial Blood Vessels Market

Braun Melsungen AG, Cook Medical Inc., Humacyte, Inc., Terumo Aortic (Terumo Group), LeMaitre Vascular, Inc., JOTEC GmbH, Bard Peripheral Vascular, and W. L. Gore and Associates constitute some of the top companies driving competition in the global synthetic artificial blood vessels market. These and some more companies have been profiled in the Fairfield Market Research report.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

 

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Global Sorbitan Esters Market expected to reach US$1721.5 Mn registering a CAGR 5.2% by 2025

In a recently published report, Fairfield Market Research expects the global sorbitan esters market to record an impressive CAGR of 5.2% until 2025 and be worth just under USD 1.8 billion by then. Two key drivers fueling the global sorbitan esters market are the food & cosmetics industry. Sorbitan esters are increasingly being utilized in diverse industries as an emulsifying agent, solubilizer, and stabilizer. Although the toxicity of excessive consumption coupled with lack of accurate information can stifle the growth of the overall global sorbitan esters market, key players can rest assured as changing consumption patterns should ensure continued demand.

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A strong preference for vegan and organic products is directly responsible for the food segment dominating the global sorbitan esters market. The market is also expected to benefit from the rapidly growing, fashion-conscious population residing in the APAC region. This dynamic will be fuelled by explosion of social media influencers spurring demand for cosmetics, benefiting the Asia Pacific sorbitan esters market.

Millennials Opening Artisanal Bakeries and Cooking at Home

Millennial customers have steadily shifted towards vegan and organic products and are ready to pay the premium for them. In addition, their busy lifestyles makes them opt for ‘on-the-go’ food such as bread or baked goods. To cater to this, several home and artisanal bakeries have emerged in metropolitan areas around the globe. Sorbitan esters are a critical ingredient in food & beverages as they enhance taste, texture, and also function as a stabilizing agent.

Europe Trend Setter in the Global Sorbitan Esters Market

It is hardly surprising that Europe accounts for the largest piece of the global sorbitan esters pie. The prevalence of bread and baked products in Europe due to their convenience resulted in the regions’s bakery product market being worth a staggering US$ 230 Bn in 2020.

Europe has been a trendsetter for decades and artisanal bakers have a longstanding heritage in the region. The move towards healthier food has been made possible by supermarket chains expressly advertising their natural and plant-based alternatives front and center on store shelves. In the long run, Fairfield Market Research projects APAC to play a vital role in the global sorbitan esters market, on account of its massive population undergoing a transformational shift. The popularity of social media has been marked by a heightened focus on personal grooming and cosmetic products. The hot climates of most APAC nations leads to largescale consumption of sunscreen and moisturizing lotions, boding well for the APAC sorbitan esters market.

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Information Inadequacy Could Pose a Challenge in the Long Run

The excessive consumption of sorbitan esters can be immensely harmful and potentially toxic. As of 2017, regulatory bodies mandated the acceptable daily intake (ADI) of sorbitan esters to 25 mg/kg body weight. Although various regulatory bodies have laid down guidelines for the acceptable daily intake, consumers may become wary of sorbitan esters. There has also been a surge of misinformation about the consumption of chemicals such as sorbitan esters in food products, worrying the general public.

Competitive Market Awaits New Entrants in the Global Sorbitan Esters Market

Fairfield Market Research has exhaustively analyzed Dupont, Oleon Holding NV, Esterchem Ltd, Lonza Group AG, Vantage Specialty Chemicals Inc, Merck KGaA, Ivanhoe Industries Inc, Penta International Corp, Avatar Corporation and SABO S.p.A in this report.

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.