Global Sterilization Market 2020-2024 | Evolving Opportunities with 3M Co. and Becton, Dickinson and Co.

The global sterilization market is poised to grow by USD 2.08 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.

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The market is driven by the high prevalence of hospital-acquired infections. In addition, the advances in sterilization technology are anticipated to boost the growth of the sterilization market.

The major causes of mortality and morbidity in healthcare settings are hospital-acquired infections (HAIs). 3.2% of patients develop at least one hospital-acquired infection each day in the US as per the CDC. Some of the causative agents of HAI include bacteria, fungus, and viruses. Ventilator-associated pneumonia, bloodstream infections, urinary tract infection, and surgical site infections are some of the common types of hospital-acquired infections. As a result, healthcare providers are taking precautionary measures to reduce the incidence of hospital-acquired infections and ensure the safety of patients. As a result, they are adopting advanced sterilization technologies. Thus, the high prevalence of hospital-acquired infections will boost the growth of the sterilization market during the forecast period.

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Major Five Sterilization Market Companies:

3M Co.

3M Co. operates the business under various segments such as Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer. The company offers a portfolio of sterilization solutions through its brand name, 3M Attest.

Becton, Dickinson and Co.

Becton, Dickinson and Co. offers products such as BD Medical, BD Life Sciences, and BD Interventional. The company also provides Genesis, which is a sterilization container system used for valuable instruments.

Belimed AG

Belimed AG operates under various business segments, namely Medical, Life science, and Equipment planning. The company offers a product line of sterilizers to cater to the growing needs of the pharmaceutical and biotechnological industries.

bioMérieux SA

bioMérieux SA provides microbiology technology for services in clinical and industrial laboratories and detection of genetic sequences. The company also provides traditional sterile pharma solutions for water testing, environmental monitoring, endotoxin testing and services, and more.

Cantel Medical Corp.

Cantel Medical Corp. offers products through the following business segments: Medical, Life Sciences, Dental, and Dialysis. The company provides sterilization services through the Revox Sterilization Solutions business unit.

Global Frozen Food Market 2020-2024 | Evolving Opportunities with Ajinomoto Co. Inc. and Bonduelle SCA

The frozen food market is poised to grow by USD 64.69 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period.

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The market is driven by the expansion of retail stores offering frozen food. In addition, the growing popularity of private label frozen foods is anticipated to boost the growth of the frozen food market.

Retail stores including supermarkets, hypermarkets, independent retailers, and convenience stores supply a variety of both meat-based frozen foods and plant-based food products and plant-based dairy alternatives. The purchase of these food items is increasing due to the expansion of retail stores along with the increase in the number of product launches to attract more consumers. For instance, in February 2019, McCain Foods launched its line of frozen potato product Lighter Home Chips. In June 2019, Iceland Foods Ltd, a frozen food supermarket chain, announced its plans to open 50 new retail outlets in the UK. Thus, the expansion of retail stores offering frozen food is expected to drive market growth during the forecast period.

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Major Five Frozen Food Market Companies:

Ajinomoto Co. Inc.

Ajinomoto Co. Inc. operates the business under various segments such as Japan Food Products, International Food Products, Life Support, and Healthcare and other business. The company offers frozen foods through the Japan Food Products and International Food Products segments.

Bonduelle SCA

Bonduelle SCA offers products through the following business units: Canned, Frozen, and Fresh processed. The company offers frozen food products through its Canned and Frozen food segments.

Conagra Brands Inc.

Conagra Brands Inc. operates under various business segments, namely Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Pinnacle Foods. The company offers various frozen food products in the US and international markets through three of its segments which includes Pinnacle Foods, Refrigerated & Frozen, and International.

Dr. August Oetker Nahrungsmittel KG

Dr. August Oetker Nahrungsmittel KG offers products through the following business segments: Food, Beer and Nonalcoholic Beverages, Sparkling wine, Wine & Spirits, and Other interests. The company manufactures and markets frozen foods through the Food segment.

George Weston Ltd.

George Weston Ltd. offers products through the following business segments: Weston Foods, Loblaw, and Choice Properties. The company offers frozen food through the bakery segment named Weston Foods.

Pre & Post COVID-19 Market Estimates-Mezcal Market 2019-2023 | Need for Premium Spirit Products to Boost Growth

The mezcal market and it is poised to grow by USD 700.37 million during 2019-2023, progressing at a CAGR of over 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BECLE SAB DE CV, Craft Distillers, Destilería Tlacolula, Diageo Plc, El Silencio Holdings Inc., Ilegal Mezcal, Mezcal Amores, Pernod Ricard SA, Scorpion Mezcal, and William Grant & Sons Ltd. are some of the major market participants. The need for premium spirit products will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Need for premium spirit products has been instrumental in driving the growth of the market.

Mezcal market 2019-2023: Segmentation

Mezcal market is segmented as below:

·         Product

o    Mezcal Joven

o    Mezcal Reposado

o    Mezcal Añejo

·         Geographic Landscape

o    APAC

o    Europe

o    MEA

o    North America

o    South America

Mezcal market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our mezcal market report covers the following areas:

·         Mezcal market size

·         Mezcal market trends

·         Mezcal market industry analysis

This study identifies growing emphasis on sustainable production practices as one of the prime reasons driving the mezcal market growth during the next few years.

Mezcal market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the mezcal market, including some of the vendors such as BECLE SAB DE CV, Craft Distillers, Destilería Tlacolula, Diageo Plc, El Silencio Holdings Inc., Ilegal Mezcal, Mezcal Amores, Pernod Ricard SA, Scorpion Mezcal, and William Grant & Sons Ltd. Backed with competitive intelligence and benchmarking, our research reports on the mezcal market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

CBD-infused Cosmetics Market 2020-2024 | Product Portfolio Expansion Leading to Product Premiumization to Boost Growth

The CBD-infused cosmetics market and it is poised to grow by USD 3.09 bn during 2020-2024, progressing at a CAGR of about 31% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

 

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Khiron Life Sciences Corp., L’Oréal SA, The CBD Skincare Co., The Estée Lauder Companies Inc. and Unilever Group are some of the major market participants. Although the product portfolio expansion leading to product premiumization will offer immense growth opportunities, availability of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Product portfolio expansion leading to product premiumization has been instrumental in driving the growth of the market. However, availability of counterfeit products might hamper market growth.

CBD-infused cosmetics market 2020-2024: Segmentation

CBD-infused cosmetics market is segmented as below:

Product

·         Skincare

·         Make-up and Haircare

·         Fragrances

·         Others

Geographic Segmentation

·         APAC

·         Europe

·         MEA

·         North America

·         South America

CBD-infused cosmetics market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our CBD-infused cosmetics market report covers the following areas:

·         CBD-infused cosmetics market size

·         CBD-infused cosmetics market trends

·         CBD-infused cosmetics market industry analysis

This study identifies increase in introduction of organic CBD cosmetic products as one of the prime reasons driving the CBD-infused cosmetics market growth during the next few years.

CBD-infused cosmetics market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the CBD-infused cosmetics market, including some of the vendors such as Khiron Life Sciences Corp., L’Oréal SA, The CBD Skincare Co., The Estée Lauder Companies Inc. and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the CBD-infused cosmetics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Analysis on Impact of COVID-19-Technavio Evaluates the Impact of Frequent Outbreak of Epidemics and Growing Availability of Advanced Medical Thermometers in its Medical Thermometers Market Analysis

The medical thermometers market is likely to experience steady growth because of the frequent outbreak of epidemics and the growing availability of advanced medical thermometers. Rising at a CAGR of over 8%, the market is estimated to have an incremental growth of USD 104.82 million by 2024.

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A Technavio analyst says, "The global medical thermometers market will witness an upsurge due to the spread of COVID-19 pandemic. The extension of containment efforts is leading to increased demand and reduced production. Hence, the prices are expected to remain elevated for the short term, thereby resulting in an improved topline growth of market vendors."

Technavio’s recent analysis of the medical thermometers market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in North America, APAC, Europe, South America, and MEA, geographically. The APAC region is expected to have a market share of 39% and will offer significant growth opportunities for market players during the forecast period.

The high price of digital and infrared thermometers and the threat from counterfeit products might hamper market growth. However, the rise in the geriatric population and the prevalence of various lifestyles and chronic diseases such as pneumonia and influenza will positively influence the growth of the global medical thermometers market.

Technavio’s analysis of the medical thermometers market also includes:

·                     CAGR of the market during the forecast period 2020-2024

·                     Detailed information on factors that will drive the medical thermometers market growth during the next five years

·                     Precise estimation of the medical thermometers market size and its contribution to the parent market

·                     Accurate predictions on upcoming trends and changes in consumer behavior

·                     The growth of the medical thermometers market industry across North America, APAC, Europe, South America, and MEA

·                     A thorough analysis of the market’s competitive landscape

COVID-19 Impact and Recovery Analysis | Graphics Processing Unit (GPU) Market 2020-2024 | Demand for High Memory GPU to Boost Growth

The global food flavors market is expected to grow by USD 2.75 billion as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 4%.

 

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The market is driven by the premiumization in the food and beverage industry. In addition, the increasing demand for food flavors in processed foods is anticipated to boost the growth of the food flavors market.

The growing health consciousness among consumers has increased the demand for premium food products with new flavors. This is encouraging players in the market to offer different varieties of premium flavors for a wide range of food products and thus expand their customer base. For example, Mane, a France-based manufacturer of premium high-performing natural flavors, is offering new premium natural flavors such as Amarena, Burnt Sugar, Crema Fiorentina, and Mascarpone. Similarly, Germany-based Symrise offers a wide range of exotic and premium flavors, which are available in liquid, powder, and seasoning forms. Therefore, the ongoing premiumization in the F&B industry is expected to fuel the growth of the global food flavors market during the forecast period.

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Major Five Food Flavors Companies:

Archer Daniels Midland Co.

Archer Daniels Midland Co. operates its business through segments such as Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other. The company offers natural food flavors under its portfolio, WILD Flavors.

BASF SE

BASF SE operates its business through segments such as Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Other. The company offers flavors for the food and beverage industry under its portfolios, Divergan, and omega-3.

Firmenich SA

Firmenich SA operates its business through segments such as Perfumery, Flavors, and Ingredients. The company provides a wide range of food flavors under its TasteGEM portfolio for different kinds of products such as dairy, confectionery, soups, and noodles.

Givaudan SA

Givaudan SA operates its business through segments such as Fragrance and Flavour. The company produces different types of food flavors for various categories, which include sweet goods, savory, snacks, and dairy. Some of the food flavors offered by the company include citrus and vanilla.

Kerry Group Plc

Kerry Group Plc operates its business through segments such as Taste & Nutrition and Consumer Foods. The company offers different varieties of flavors such as sweet flavors and their extracts, savory extracts, and distillates.

Research Report With COVID-19 Forecasts-Global Dry Construction Market 2020-2024 | Rise in Construction Activities to Boost Market Growth

The global dry construction market size is expected to grow by USD 22.73 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio.

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The rise in global building construction and infrastructure activities is the most significant factor that will drive the growth of the global dry construction market. The number of new constructions in several developed and emerging countries are on the rise after the prolonged depression in the construction market. The recovery in the US economy has created optimism among home buyers, leading to increased demand for new single and multi-family homes. Moreover, several countries are also investing in infrastructure development. For instance, in March 2017, the US government planned to invest USD 1 trillion in various infrastructure development plans, including the construction of airports, hospitals, and schools. Several private players in the construction industry are also undertaking new commercial mega-projects, of which many are already in the construction phase. Such increase in construction activities is expected to drive the growth of the market.

As per Technavio, the growth in modular and panelized constructions will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Dry Construction Market: Growth in Modular and Panelized Constructions

The growth in modular and panelized construction is one of the key trends that will drive the growth of the market. Modular construction and panelized construction is centralized in a factory where the modules or panels are manufactured. Modular construction assembles modules to create a whole housing or building unit, whereas, panelized construction assembles pre-fabricated individual roof, floor, and wall panels together for setting up a building. They offer several advantages in on-site construction such as shorter construction duration and reduced labor, which are further driving the adoption of these techniques.

Dry Construction Market: Segmentation Analysis

This market research report segments the dry construction market by end-user (residential buildings and commercial buildings) and geography (North America, Europe, APAC, MEA, and South America).

The North American region led the dry construction market in 2019, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as an increase in private and public housing in the region.

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Global In-Vitro Toxicity Testing Market 2020 | Evolving Opportunities with Abbott Laboratories and Agilent Technologies Inc

The global in-vitro toxicity testing market since 2014 and the market is poised to grow by USD 2.39 billion during 2019-2023, progressing at a CAGR of almost 7% during the forecast period.

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The market is driven by the increasing use of in-vitro toxicity testing by companies to reduce drug failures. In addition, advances in toxicology are anticipated to further boost the growth of the in-vitro toxicity testing market.

The increasing use of in-vitro toxicity testing to reduce drug failures will be one of the major drivers in the global market. The most common reason for the rejection of drugs in the last phase of development is toxicity. Thus, it is essential to adopt in-vitro toxicity testing as it reveals the species, organ, and dose-specific toxic effects of drugs. It also helps avoid adverse effects in patients who consume drugs for stomach pains, weakness, hand tremors, ataxia, diarrhea, dizziness and in rare cases, heart problems. Thus, the use of in-vitro toxicity testing to reduce drug failures will drive market growth during the forecast period.

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Major Five In-Vitro Toxicity Testing Market Companies:

Abbott Laboratories

Abbott Laboratories operates the business under various segments such as established pharmaceuticals, nutritionals, diagnostics, cardiovascular and neuromodulation, and others. The product offered by the company is Alere Triage Drugs of Abuse Plus TCA Panel. This product is offered as an immunoassay used for the qualitative determination of the presence of the major metabolites of drugs of abuse.

Agilent Technologies Inc.

Agilent Technologies Inc. operates the business under three segments, which include life sciences and applied markets; diagnostics and genomics; and Agilent CrossLab. The company’s key offering includes MitoXpress Xtra Oxygen Consumption Assay.

Bio-Rad Laboratories Inc.

Bio-Rad Laboratories Inc. has business operations under the life science and clinical diagnostics segment. The product offered by the company is Bio-Plex Pro RBM Human Kidney Toxicity Assay.

CELTHER POLSKA Sp z o.o.

CELTHER POLSKA Sp z o.o. operates the business under its unified business segment. The company offers services such as hepatotoxicity testing, neurotoxicity testing, and cardiotoxicity testing.

Charles River Laboratories International Inc.

Charles River Laboratories International Inc. operates the business under the following segments: research models and services; discovery and safety assessment; and manufacturing support. The company’s key offering in the in-vitro toxicity testing market include genetic toxicity testing.

Higher Education Market 2020-2024 | The Growth of Internationalization in the Education Sector to Boost Growth

The higher education market and it is poised to grow by USD 37.82 bn during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will during the forecast period. Discovery Inc., Ellucian Co. LP, Instructure Inc., Pearson plc and Samsung Electronics Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growth of internationalization in the education sector has been instrumental in driving the growth of the market. However, rise in the availability of open-source software providers might hamper market growth.

Higher Education Market 2020-2024: Segmentation

higher education market is segmented as below:

Product

·         Hardware

·         Software

Geographic Segmentation

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Higher education market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our higher education market report covers the following areas:

·         Higher education market size

·         Higher education market trends

·         Higher education market industry analysis

This study identifies emergence of transitional education as one of the prime reasons driving the higher education market growth during the next few years.

Higher education market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the higher education market, including some of the vendors such as Discovery Inc., Ellucian Co. LP, Instructure Inc., Pearson plc and Samsung Electronics Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the higher education market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.