The Flavor Enhancer Market Has Tremendous Growth in Recent Years Owing To the Expansion of the Food & Beverage Industry around the Globe

 

Flavor Enhancer

Some of the key players in the global flavor enhancer market are Givaudan, FIRMENICH SA, Takasago International Corporation, Sensient Technologies Corporation, Mane, International Flavors & Fragrances Inc. IFF, Senomyx Inc., Innova and DuPont Nutrition & Health, A & Z Food Additives Co. Ltd., Kerry Group and Symrise.

Key Developments:

1.      In July 2020, Zhou Nutrition has launched an innovative new line, Zhou Nutrition Water Enhancers. Zhou Nutrition Water Enhancers are available in six delicious natural flavors, and support a variety of wellness needs, from hair and skin health to memory, and management of occasional stress

2.      In August 2020, Lifted Made, a wholly-owned subsidiary of Acquired Sales Corp., has launched flavored nano-CBD water enhancer packets under Lifted Made’s flagship brand Urb Finest Flowers

3.      In August 2020, Ocean Spray Cranberries, Inc. the human food and beverage brand entered the pet industry with the launch of Tally-Ho™ functional water enhancers for dogs

Regional Insights:

North America is anticipated to attain significant growth in the global flavor enhancer market in the near future. This is attributed to the increasing spending on the food industry by consumers and the government in the region. This is augmenting the demand for flavor enhancers from the food &beverage industry. As per stats released by the United States Department of Agriculture, in 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent).

What are Flavor Enhancers?

Flavor enhancers are types of additives that are widely added into the food to modify the existing flavor and also enhance the taste and texture of food. Flavor enhancers are widely used in food products such as prepared meals, savory snacks, and condiments.

Market Drivers:

Changing food habits, growing disposable income of consumers, and increasing adoption of the western culture around the globe are key factors responsible for the growth of the flavor enhancer market. Increasing consumption of snacks prepared meals, and condiments are also uplifting the growth of the flavor enhancer market. In July 2017, PureCircle the producer and innovator of great-tasting stevia sweeteners for the global beverage and food industry has announced the launch of new stevia leaf-based flavor enhancers. The increasing focus of key manufacturers on introducing such variety in flavor enhancers is further anticipated to augment the growth of the flavor enhancers market over the forecast period.

Growing Trend of “Do It Yourself” (DIY) Projects Playing Significant Role in the Overall Development of Cordless Power Tools Market

 

Cordless Power Tool

Rapid urbanization and industrialization are key factors uplifting the overall growth of the global cordless power tools market. The growing trend of “Do it Yourself” (DIY) projects, which is creating demand for amateurs and enthusiasts to upgrade or rebuild material possessions such as household appliances are again expanding the growth of the cordless power tools market size. Rise in the end-user segments such as Automobile, aerospace, construction, electronics, shipbuilding industries are also anticipated to foster market growth. Drilling & fastening devices, sawing & cutting, and demolition machines segments are gaining tremendous demand from a wide range of applications. The increasing global electric vehicles market has further resulted in the high demand for cordless power tools such as fastening and other material removal devices.

North America is estimated to exhibit tremendous growth in the near future and this attributed to the rapid growth in the end-user segments such as automobiles, electronics, construction, and aerospace in the region. Also, expanding oil &gas industry in the region due to high demand for crude oil and increasing investment has further augmented the cordless power tools market growth. According to the International Energy Agency, The crude oil production in the United States increased by 10.9% compared to 2018. As such, the United States remained the world’s top producer, followed by the Russian Federation, Saudi Arabia, Canada and Iraq

Cordless power tools that are available today come with a variety of different options and functions, allowing users to customize them to meet their exact needs. Drilling & fastening devices, Material Removal Tools, Routing Tools, demolition machines, and sawing & cutting are some of the cordless power tools. They are widely used across end-user industries such as automobile, construction, aerospace, electronics, and shipbuilding industries.

Key Developments:

1.      In June 2019, Bosch Power Tools has launched its range of cordless power tools like wireless screwdrivers powered by lithium-ion batteries. These power tools will boost convenience to the workers 4X compared to the existing screwdrivers

2.      In June 2017, DEWALT has launched a new range of cordless power tools that guarantee sustained, all-day onsite performance without the need for mains power supply

3.      In February 2020, Bosch Power Tools India, a provider of the power tools segment that offers a complete range of power tools for construction, woodworking, and the metalworking industry has launched innovations in the measuring and imaging categories for Indian professions

4.      In February 2019, Peugeot Outillage launched its complete range of tools: hammer drill, jackhammer, circular saw, jigsaw, orbital sander, angle grinder, restorer, and multi-function tool

Disaster Recovery as a Service (Draas) Market Continues To Grow Owing To the Huge Demand from Organizations for Data Recovery and Management

Disaster Recovery as a Service (DRaaS) has become more popular over the years as businesses have begun to realize just how easy it is to restore their business up to normal after a massive data loss or attack of some kind. The problem many people run into, though, is that unless they already possess a highly specialized skill set in terms of both IT and telecommunications, they find it difficult to find an appropriate provider that will deliver on their claims of Disaster Recovery as a Service (DRaaS), especially if they are relatively new to the IT business or field.

Currently, there has been an increasing incidence rate of malicious cybercrimes, across the globe, which is enhancing the requirement of data recovery in various governmental, nonprofit, and private organizations, and creating demand in the Disaster Recovery as a Service (DRaaS) market. For instance, according to the National Crime Records Bureau (NCRB) of India, in 2019 there were around 44546 cybercrime incidents in the region. Moreover, authoritarian bodies worldwide are issuing stringent measures related to data protection and regulation, which has the proximity to augment the growth of the Disaster Recovery as a Service (DRaaS) market on a global scale.

If the business is relatively new to IT and/or telecommunications, it might be wise to consult the local county office to see the Disaster Recovery as a Service (DRaaS), that they offer. In most cases, the local county office has already done much of the work in terms of establishing the business's IT backbone. Once the Disaster Recovery as a Service (DRaaS) is running accurately the individual can then consider moving on to finding better Disaster Recovery as a Services (DRaaS), which can be done very easily online by checking out a few of the larger companies in this field that will be more than happy to assist. If the individual is careful, they should find Disaster Recovery as a Service (DRaaS) as simple as buying a CD or flash drive, installing it on their computer, and then making use of its software to back it up and restore the system. However, the lack of efficient and skilled expertise in the market can negatively influence the growth of the Disaster Recovery as a Service (DRaaS) market.

Owing to the high incidence rate of cybercrimes in the U.S., the demand for efficient recovery systems is increasing significantly and is creating a huge demand in the Disaster Recovery as a Service (DRaaS) market. According to the Federal Bureau of Investigation (FBI), in 2020 there were around 1001 cases of cybercrimes registered in the U.S. The increasing requirement of data recovery has led to some significant industrial developments in the Disaster Recovery as a Service (DRaaS) market. For instance, in March 2019, Druva Inc enhanced its Disaster Recovery as a Service (DRaaS) solution, aiming to offer better automation and orchestration. Likewise in June 2019, Infrascale Inc., and A.R. International Consulting LLC, introduced a cloud-based and hybrid Disaster Recovery as a Service (DRaaS).

High Demand for Fresh Produce to Augment the LED Lighting Horticulture Market Growth

 

LED Lighting Horticulture

Horticulture is a growing field because of the many advantages that are associated with it. The first advantage of being involved with horticulture is being able to grow and harvest various different types of plants, flowers, vegetables, and fruit, which will ultimately result in providing food to many people. Horticultural crops are diverse; they include annual and perennial species, delicious fruits and vegetables, and decorative indoor and landscape plants. Horticulture is truly a burgeoning application. Thus, LED lighting horticulture market has been rising steadily in the recent years.

LED lighting is gaining traction in the market due to its numerous advantage such as cost-effective, efficient, brighter, low power consumption, and a longer life compared to incumbent technologies. Moreover, they can be placed near a lower layer of plants that are generally shaded from light by the upper layer, and enhance their production consistency, or yield. Furthermore, horticulture experts are increasingly encouraging the use of LED lighting for many applications due to the associated power savings, optimal plant light output, and longer lifespan up to 5X the conventional products.

The HortiCann Light+ Tech Conference (2020) shared the latest advances, research, and case-study findings regarding lighting optimization and efficacy, energy and cost savings, operations and environmental control systems, and strategies for integrating multiple ag-tech management technology platforms to attendees. The above-mentioned factors are expected to provide major traction to the LED lighting horticulture market. There is a high demand for fresh produce in quick time due to increasing global population and loss of arable land. According to the Food and Agriculture Organization (FAO) of the United Nations, overall food production needs to increase by 70% from 2005/07 to 2050 to sustain a population of 9.1 billion.

The LED lighting horticulture market is expected to witness significant growth due to increase in population and lack of adequate sunlight in some European regions, such as North Central Europe and Nordic countries. North America is also expected to offer lucrative growth opportunities to the market due to the unfavorable climatic conditions and increasing demand for LED lighting equipment. For instance, in February 2020, Cree, Inc. launched the next-generation XLamp XP-E2 Photo Red and Far Red LEDs, delivering breakthrough performance for horticulture applications.

These higher-performance horticulture LEDs increase the efficiency of LED luminaires, which makes them more affordable to grow food under optimized lighting. Moreover, in February 2021, TSRgrow announced Lighting as a Platform, a revolutionary technology that delivers unparalleled results to indoor growers, while significantly reducing up-front and long-term operating costs. However, high setup and installation costs of LED grow lights are the factors restraining the growth of the LED lighting horticulture market.

Smart Wind Market is Expanding Rapidly with Siemens Gamesa Renewable Energy Introducing Its Next-Generation Wind Turbine SG 3.4-145

 

Smart Wind is a revolutionary concept and has been around for quite some time. This is a concept that combines wind power with remote control turbines. The idea behind this new technology is to provide homeowners with the ability to produce free electricity at home SMART is an acronym for system management atmospheric resources through technology. Smart wind is a combination of management technologies and wind turbine siting, which would create electricity in a cost-effective manner. Governments of many countries are focused on reducing pollution and consumption of conventional fuels as well as increase the use of renewable power sources such as wind, hydro, geothermal, and biofuels. Since the demand for electricity is increasing significantly, the use of SMART wind technologies is expected to witness massive adoption in the near future. As per the World Bank, electric power consumption in India reached 804.514 kWh per capita in 2014, increasing from 640.395 kWh per capita in 2010. According to the Our World in Data, in 2019, Asia Pacific consumed 71,544 TWh of energy. Such high consumption of electricity suggests growth in the smart wind market in the near future.

MART Wind combines the use of two technologies: the horizontal axis and vertical axis turbines. This enables it to use the wind's kinetic energy and convert it into electrical energy. Since vertical axis turbines require the use of shafts in order to rotate, horizontal axis turbines have a tendency to be more compact. SMART Wind is actually a small wind turbine that measures less than 1 square meter. It uses the power of the wind to generate power. Just like other wind turbine technologies, it also employs the concept of the force of air against the rotation of the rotor blades. In this case, the wind turbine rotates in a horizontal direction. The U.S. has emerged as the leading player in the smart wind market with high production of renewable energy in the country. Furthermore, there is a solid platform for this market in both Europe and the Asia Pacific due to the high demand for electricity. 

One of the biggest problems that many people face is the reliability of the wind. It will either blow too hard or too soft, causing your electrical lines to be blown to oblivion. The best part about these systems is that they can be built by anyone. One of the major advantages of SMART wind is the low cost of electricity per unit. As per the American Wind Energy Association (AWEA), unsubsidized costs of this energy generation methodology in the U.S. range from US$ 32 to 62 per MWh in 2016. Such low cost of electricity can stimulate the growth of SMART wind market. Regardless, SMART wind requires high upfront cost and is a threat to the wildlife, which could restrict growth of the smart wind market.

Recently, in July 2020, Siemens Gamesa Renewable Energy launched its next-generation wind turbine SG 3.4-145.

Gelatin Market Continues To Grow Owing To the High Demand from Food and Beverage Manufacturers to Meet the Requirement of Food and Beverage Supplements

 

Gelatin a highly nutritious food supplement derived from animal bones and cartilage. Gelatin is a clear, colorless, tasteless food substance, most commonly derived from bovine collagen taken from bovine tissues. It is both gelatinous and translucent when dry, and both gummy and tacky when moist. Gelatin is made of protein molecules, much like animal bones are made of. This is why it is often found in cosmetics, particularly skincare and weight loss products. Some manufacturers use the term "gelatin" on their labels when they do not use gelatin at all.

Gelatin’s unique characteristics as a binding agent have resulted in high demands in the global gelatin market. For instance, according to the U.S Food and Drug Administration, the global production of gelatin in 2019 was 246.3-kilo tons as a food and beverage stabilizer. Moreover, consumers are inclining more towards functional and specialty food and beverages, which includes supplement foods and is creating propulsion for the global gelatin market. Additionally, patisseries are expanding every day and consumers are getting more attracted to luxury desserts and pastry. Maximum of the luxury deserts use gelatin sheets and bars as the main binding component. Hence, there is a huge requirement for different grades of gelatin sheets for different purposes.

Gelatin can be prepared in many ways, including through the simple method of using boiling water and stirring it. The end product, however, will have lost the ability to provide complete amino acid coverage under the structure by which gelatin molecules are arranged into a structure with two partial hydrophobic (water-fearing) sites and one partial hydrophobic site where non-water-bearing residues exist. This results in a gel that does not gel but rather that does take on a gelatinous form.  However, deriving gelatin and making them into sheets can sometimes be very time-consuming and has the proximity to influence the global gelatin market negatively.

In the U.S., owing to the expansion of the food industry along with the hospitality industry, the usage of gelatin is extensive, which is augmenting the growth of the gelatin market in the region. For instance, according to the U.S. National Restaurant Association as of February 2021, the total number of restaurants in the region is around 101,811. Many of these restaurants are luxury dining places, where food is cooked in a very orderly way with proper ingredients and gelatin is one of them. The scenario is the same in the Asia-Pacific region, where there is a huge demand in the food-grade gelatin market, owing to consumer requirements for supplemental food and beverages. Given the high requirements of gelatin, there have been some significant industrial developments in the past few years in the global gelatin market, which includes product launches. For instance, in in May 2019, Tessenderlo Group introduced ClaroBGI600, a new gelatin material used for tissue engineering.

 

Rapid Growth on Adenovirus Diagnostic Testing Market 2021: Industry Size, Share, Growth Opportunities and Regional Outlook

 

Adenovirus Diagnostic Testing

Adenovirus diagnostic testing is the most widely used method for determining the presence of adenoviruses in a culture of healthy volunteers and is adapted from the polymerase chain reaction (PCR) method: a procedure by which DNA strands are broken down into smaller pieces, and then are subjected to amplification reactions with adenoviruses. Because adenoviruses do not copy themselves but rather undergo multiple copied copies during viral replication, several different sequences of adenoviruses will be identified by PCRs. If a suitable sequence is detected, it will be amplified and the resulting product isolated.

In the case of patients suspected of having adenovirus, the adenovirus diagnostic testing is done by a polymerase chain reaction (PCR) test that can be performed on the patients' blood samples. Adenoviruses that have been identified by PCR will be identified by the confirmation of specific antibodies against the virus. These specific antibodies will react against the viral copies on the strain of adenovirus in the blood samples and will provide an accurate diagnosis. Patients with suspected AD may be asked to undergo EVGI or MBO testing, both of which will confirm the diagnosis. Besides, EVGI will also provide results regarding the presence of a retrovirus in the patients' lymph nodes, and MBO testing will provide conclusive proof that the patients carry the retrovirus.

Market Dynamics                                  

The main factor driving the adenovirus diagnostic testing market is the growth of the treatment monitoring and diagnostic sector. For instance, according to Policynet, in 2018 the global healthcare sector generated a revenue of approximately US$ 1.853 trillion. Additionally, the expansion of the healthcare sectors in the emerging economies is expected to propel the market growth of adenovirus diagnostic testing. Moreover, government bodies all over the world are investing in the research and development of the treatment monitoring market, which is estimated to boost the market.

However, less knowledge related to various treatments and diagnostics and the high cost associated with the diagnostic procedures are the main restraining factors hindering the growth of adenovirus diagnostic testing market.

This market is distributed in five regions that include Asia-Pacific, North America, Europe, Africa, and the Middle East, and Latin America. Among these, North America is expected to a significant share of the adenovirus diagnostic testing market, owing to the increased expansion of the healthcare sector and the increasing incidence rate of diseases such as pneumonia. For instance, according to the Centers for Disease Control and Prevention, in the U.S. around 1.3 million people suffer from pneumonia. The adenovirus diagnostic testing market in the Asia Pacific is estimated to witness significant growth owing to government initiatives for raising awareness about health concerns.

Competitive Analysis

Key operating in the adenovirus diagnostic testing market include bioMerieux, Abbott Laboratories, DiaSorin Inc., Qiagen N.V., Novartis AG, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche AG, Becton Dickinson and company, and Affymetrix, Inc.

In December 2020, AlloVir announced that the Food and Drug Administration has given clearance for ALVR106, which is an allogeneic, multi virus-specific T cell therapy.

 

Insoluble Dietary Fibers Market Is Attaining Noteworthy Growth on the Account of Growing Health and Wellness Trend

 

Insoluble Dietary Fibers

North America is estimated to dominate the global insoluble dietary fiber market over the forecast timeframe owing to the growing trend of health wellness which is influencing consumers to opt for the intake of dietary fiber-based food products. Also, expanding nutritional supplements market in the region due to the high presence of an aging population which is driving demand for supplements is further anticipated to augment the regional insoluble dietary fibers market growth.

Growth in demand for functional food and an increasing number of health-conscious consumers due to growing health wellness trends are major factors contributing to the expansion of insoluble dietary fibers market size. In April 2017, Ingredion Incorporated, a global provider of ingredient solutions announced the launch of low cost-in-use dietary fibers for producers wanting to easily add fiber to foods – the NOVELOSE™ dietary fiber series – for fiber fortification and calorie reduction in baked goods, pasta, noodles, and extruded products with little to no impact on product texture, flavor, and color. Insoluble dietary fibers have carbonates that are important for the metabolism rate in the human body. These components also improve the digestive system as they are not absorbed in the body. Strong growth in nutritional supplements and food & beverage industries will favor the insoluble dietary fibers market growth in the near future.

On the other hand, health issues associated with excessive dietary fiber intake are projected to hinder the growth of the market.

What are Insoluble Dietary Fibers? It is found in most vegetables and fruits, but also in grains, seeds, nuts, legumes, and seaweeds. This type of fiber is not soluble (does not dissolve in water), but is rather insoluble - it will bind to anything it comes into contact with including Insoluble Dietary Fiber and other sugars and starches

Key Developments:

Key players are introducing variety in the insoluble dietary supplements in order to cater to the growing demand across consumers. For example, in June 2018, Ingredion Incorporated launched Potex and Potex Crown insoluble dietary fibers which can be used in bakery, meat, and savory products. These fibers can absorb water up to 12 times their own weight which helps them to increase the juiciness of meats or add moisture to baked goods.

The key players in the markets encompass Grain Processing Corporation (U.S.), Roquette Frères (France), Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), SunOpta, Inc. (Canada), Interfiber (Poland), Solvaira Specialties (U.S.); Unipektin Ingredients AG (Switzerland), Ingredion Incorporated (U.S.), AdvoCare International, L.P. (U.S.), J. Rettenmaier & Söhne GmbH Co KG (Germany), and Barndad Nutrition ((U.S.)

The Container-as-a-Service Market Is Growing with the Increasing Utilization of Micro Services

 

Container as a Service

Containers-as-a-service (CaaS) is a cloud-based service allows users to organize, upload, start, stop, scale, and manage containers, applications, and clusters. CaaS stores content in a nebulous form, and then pulls it out and loads it wherever or whenever it is needed. It is an emerging technology in which vendors provide users with a complete framework for managing and developing containers and applications. Containers-as-a-service is designed primarily for IT developers to run and manage applications. The key factor fueling growth of the container-as-a-service market is the increasing utilization and increasing popularity of micro services.

The market is experiencing significant growth due to the increasing demand for the technology. Moreover, the benefits provided by the service, such as optimum utilization of resources, automated testing, and faster deployment of applications, is another factor contributing to the growth of the container-as-a-service market. CaaS offers various capabilities, such as smooth scalability, resource optimization, platform independency, and operational simplicity. Thus, the adoption of container-a-service has increased in various industries. The above-mentioned factors are driving the container-as-a-service market growth.

As a result, many companies are developing or launching CaaS platforms to strengthen their product portfolio to meet increasing demand. For instance, in January 2020, Cisco unveiled HyperFlex Application Platform (container-as-a-service) that is designed to simplify the provisioning and ongoing operations for Kubernetes across cloud, datacenter, and edge. Moreover, in December 2020, CBA built a container-as-a-service platform to run applications in a regulated environment and then replicated it across multiple departments using Amazon EKS, AWS CDK, and GitOps. Such initiatives by service providers are expected to spur the growth of the container-as-a-service market.

Moreover, the increasing IT and telecommunication industry in the Asia Pacific has led to an increasing demand for CaaS in the region. According to the India Brand Equity Foundation (IBEF), India is the world's second-largest telecom market. The container-as-a-service market is expected to witness robust growth in North America, Europe, and Asia Pacific due to the increasing penetration of CaaS in these regions. For instance, in April 2018, Microsoft launched low-maintenance Azure Container Service that lets users easily spin up containers on its public datacenter infrastructure. Initially it was available in six regions throughout the United States, Europe, and Southeast Asia.

However, issues related to the portability between the servers and lack of tools that are required to manage and monitor containers in many companies are the factors restraining the growth of the container-as-a-service market.

Video Streaming Market Witnessing Significant Growth in China with High Penetration of Internet in the Country

 

Video Streaming

Video streaming media is multimedia data that is continually sent to and received by an end user, usually over the Internet, while being delivered via a personal computer system. The word to stream means the act of getting or sending media over a continuous manner to an intended recipient. In short, video streaming is transferring media items over the Internet in a pre-recorded or live way. There are many ways this can be accomplished, including by way of a phone line, an online computer service, or through the use of a television set.

The U.S. is witnessing increasing adoption of smartphones, which is expected to aid in growth of the video streaming market. According to Pew Research Center, as of February 2019, 81% of U.S. adults used smartphones compared to 77% in October 2018.

Video streaming media can be available for a variety of different services. Some examples include on-demand access to movies and television shows, pay per view programming, music videos, trailers, and photographs. On-demand video streaming services typically charge a monthly fee, while on-demand pay per view services may be available for free. The terms and agreements of on-demand services vary greatly from provider to provider but most often include the option of watching the media item as many times as you like, for an unlimited amount of time. Paid television services typically require a payment and then usually require a per-view purchase, although this depends upon the provider.

The video streaming market has also witnessed significant growth in China. According to China government-backed Market Intelligence & Consulting Institute and reported by China Internet Watch, internet penetration in China reached 61.2 percent in the first half of 2019, with 854 million internet users at the end of June 2019. Such increase in adoption of internet is offering lucrative growth opportunities for players in the market. Emergence of Covid-19 has further boosted adoption of video streaming.

Some of the advantages to video streaming services are the large variety of available programs and the fast delivery of video and audio streams. Another advantage is the ability to have continuous access to live streaming media without interruption. For example, when an event is starting or ending, you can continue to watch your favorite events without being left out of the action. A third advantage is the availability of various language and regional servers. Such advantages are expected to aid in growth of the video streaming market.

Increasing Consumption of Meat Is Influencing the Growth of the Meat Glue Market

 

Meat Glue 

Meat glue is a common term used in cooking for the purpose to bind ingredients together. It contains chemicals such as fibrinogen and transglutaminase. Examples of foods created with this glue include chicken breasts, fish strips, and shrimp. For these products, there will usually be some glue leftover which can be removed by scraping or simply rubbing off the excess.

There are many health benefits of using this glue. The glue adds protein to the food because it helps keep the texture even. The meat have a longer shelf life because it is not exposed to air which means it preserved freshness for much longer. Meat glue has been used throughout history to help preserve meat. In addition to its use in preserving meats, this product can also be used to seal envelopes, seal bags, mend broken bones, glue together puzzle pieces, stitches, and thicken sauces

Increasing meat consumption is a key factor fueling the growth of the global meat glue market. According to TheWorldCounts, globally, we consume around 350 million tons of meat a year. By 2050, global meat consumption is projected to reach between 460 million and a staggering 570 million tons. The growing use of meat glue in food applications such as meat noodles and novel meat combinations for example scallops and lamb is again propelling the growth of the meat glue market. Moreover, increasing consumption of fish coupled with the growing demand for processed food is also augmenting the growth of the meat glue market over the forecast period.

North America is projected to gain significant growth over the forecast period and this is attributed to the high consumption and production of meat in the region. According to the United States Department of Agriculture, in 2018, 65.2 pounds of chicken per person were available for Americans to eat (on a boneless, edible basis), compared to 54.6 pounds of beef. According to the North American Meat Institute, the meat and poultry industry is the largest segment of U.S. agriculture. U.S. meat production totaled 52 billion pounds in 2017 and U.S. poultry production totaled 48 billion pounds in 2017.

Key Developments:

In January 2020, Hub Labels Announces Partnership with Marel to Provide More Choices in labeling solutions to the Poultry, Meat and Fish Packaging Industry

Key Players:

Major players operating in the global meat glue market are Ajinomoto Co., Inc., Special Ingredients Ltd., Modernist Pantry, LLC, Kinry Food Ingredients Co., Ltd., S.L., Micro-Tech Foods Ingredients Inc., Yiming Biological Products Co., Ltd., BDF Natural Ingredients, and Nanning Pangbo Biological Engineering Co., Ltd.

Continues To Grow Owing To the Increasing Rate of Needle Phobia among Individuals, the Risk of Getting Infected By the Usage of Needles

 

Needle free Injection System Market

A needle-free injection system is a popular treatment method for many diseases. These devices have been around since at least the 1980s, and they continue to remain a solid option for many medical practices. Some patients may have problems with certain brands or types of these products, which is why it's critical to ask the healthcare provider about alternative products if someone is having trouble with one that their doctor prescribed. People want to ensure that they get the best product for their needs, and that means being careful about choosing the right one for them and their treatment.

The main component in an FDA-approved needle-free injection system device is compressed gas (or solution) that's injected into the injection site. The compressed gas isn't meant to harm the patient, but rather to provide a safer, more hygienic way to administer injections. This kind of device features a reusable rubber needle that's designed in a way that allows it to be inserted into the injection site without any risks or pain involved. The idea is that the healthcare provider will be able to give a more thorough injection that will reduce the risk of infection or other complications.

Market Dynamics                                  

The main factor influencing the growth of the needle-free injection system market is the increasing cases of needle-associated injuries and rapidly growing needle phobia among adults and children. For instance, according to the United Kingdom National Health Service, needle phobia affects around 1 in 10 individuals. Approximately 22% of the adult population in the world has needle phobia. Chronic diseases such as diabetes require a daily dosage of insulin that can be self-administered through needles. This can result in health injury owing to lack of adherence and lack of confidence. The increase in research related to biologics and biosimilar is another factor estimated to propel the market growth of the needle-free injection system market. Additionally, the growing incidence of communicable diseases that can be caused by needles and the increase of the geriatric population worldwide are estimated to augment the market growth.

However, the cost of needle-free injections is the main restraining factor hindering the growth of needle-free injection systems market.

This market is distributed in five regions that include Asia-Pacific, North America, Europe, Africa, and the Middle East, and Latin America. Among these, North America is expected to a significant share of the needle-free injection system market owing to the high prevalence of chronic diseases such as cancer and diabetes in the region. For instance, according to the Centers for Disease Control and Prevention, in 2020, around 34.2 million U.S. residents were suffering from diabetes. The needle-free injection system market in the Asia Pacific is estimated to witness significant growth owing to the rise of the geriatric population in the region and favorable government health policies.

Competitive Analysis

Key players operating in the needle-free injection system market include Crossject SA, European Pharma Group, Valeritas, Inc., National Medical Products Inc., INJEX Pharma AG, PenJet Corporation, Medical International Technology, Inc., Bioject Medical Technologies Inc., PharmaJet, Zogenix, Portal Instruments, Inc., Endo International plc, and Antares Pharma, Inc.

In October 2020, PharmaJet developed a needle-free injection technology to deliver COVID-19 vaccines which were developed by the University of Cambridge. Likewise, in February 2021, Zydus Cadila developed ZyCoV-D, a DNA vaccine that can be assessed to patients through a needle-free injection system.

Increasing Number of Clinical Trials to Augment the Risk-Based Monitoring Market Growth

 

Risk-based monitoring is a monitoring technique, which is important to ensure patient safety, and also to maintain high quality of data. It provides the clinical team with a single platform that transforms multiple study data streams into flexible analytics. Risk-based monitoring employs various platforms and tools to identify potential issues related to trial conduct, compliance, data integration, and security. This helps reduce costs associated with clinical studies. The event/condition is monitored by measuring it against a standard set of parameters.

Market Dynamics:

Increasing number of clinical trials and the emergence of COVID-19 is expected to propel the growth of the risk-based monitoring market. For instance, according to the Ministry of Science and Technology (China), China is conducting clinical trials of 16 COVID-19 vaccines, of which seven have entered phase-III trials and one has conditionally hit the market. Moreover, according to NITI Aayog (India), six COVID-19 vaccines are currently undergoing clinical trials in the country.

Moreover, cost and time efficiency of risk-based monitoring solutions and the increasing government funding to support clinical trials is expected to augment the growth of the risk-based monitoring software market. For instance, in October 2020, the United States Food and Drug Administration (USFDA) awarded six new clinical trial research grants to principal investigators from academia and industry totaling over US$ 16 million over the next four years.

Increasing outsourcing of clinical trials to contract research organizations (CROs) is expected to offer lucrative growth opportunities for players in the risk-based monitoring market. For instance, in March 2021, Innoforce and dMed, a clinical CRO, teamed up to identify, assess, and collaborate on the development of clinical-stage therapeutics. However, the high cost of implementation is expected to restrain growth of the market.

Competitive Analysis:

Major players operating in the risk-based monitoring market are Cintec, JMP clinical, IQVIA, Quanticate Ltd, Covance solution, Bio Pharma Inc., TransCelerate, and Parexel International Corporation.

Major players in the market are adopting various business strategies, such as partnership and collaboration, to strengthen their market presence. For instance, in November 2019, Veeva Systems completed its acquisition of Crossix Solutions to help maximize media and marketing effectiveness.

In September 2018, PAREXEL International Corporation and Datavant, Inc., partnered to deliver advanced data and real-world evidence analytics to improve drug development and commercialization processes.

In May 2018, Bioclinica launched its expanded and enhanced SMART technology suite available with Interactive Response Technology (IRT), Electronic Data Capture (EDC), and Medical Imaging combined.

Power Transformer Market Continues To Expand With Key Industry Leader Hyosung Heavy Industries (HICO) Inaugurating a New Transformer Plant in Memphis, Tennessee

 

Power Transformer Market

    

A transformer is a small electrical device that is primarily used to transform energy from one voltage to another via electromagnetic induction. The power conversion is normally accompanied by no frequency modulation. In a modern electronic system, therefore, the term power transformer comes to mean a series of AC supplies of various voltages and proper polarity, which can be easily acquired from the public utility power supply for an affordable price. These transformers are also used for industrial and automotive purposes where high alternating currents are required. These power transformers are now available in different specifications for different application areas. Some are designed for single-ended and multiple-ended configurations and have input/output terminals configured in different ways.

Increasing modernization of existing power grids is expected to drive growth of the global power transformer market. Governments of many countries are focused on modernizing existing power grids, in order to minimize the latency of power supply and enhance the efficiency of grids. For instance, in March 2019, GE Renewable Energy received a technology-driven grid modernization project by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL) as a part to augment renewable energy in the state. Furthermore, in December 2020, Hitachi ABB Power Grids launched RTU530, a new Remote Terminal Unit (RTU), with faster processing capabilities and a user-friendly interface. Thus, such factors are expected to drive growth of the global power transformer market. Furthermore, rapid growth of the renewable energy sector is expected to propel the global power transformer market growth in the near future.

High initial cost and lack of standardized products worldwide are expected to restrain growth of the global power transformer market. However, the deployment of green transformers combined with expanding cross-border electricity trade can present lucrative growth opportunities in the global power transformer market in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global power transformer market. This is owing to rapid economic development and growing need for uninterrupted and reliable power supply in the region. Furthermore, North America is expected to register a robust growth rate, owing to increasing modernization and industrialization in the region.

Major companies involved in the global power transformer market are Siemens, Hyosung, ABB, GE, BHEL, Daihen, Mitsubishi, Hammond Power Solutions, Celme, Hyundai Heavy Industries, Kirloskar Electric, Voltamp, Schneider, Crompton Greaves, and SPX Transformers.

For instance, in February 2020, Hyosung Heavy Industries (HICO) inaugurated a new power transformer plant in Memphis, Tennessee, U.S.