A Market Place Research – Page 1548

Wellness Tourism Market Size to Garner $1,592.6 Billion, Globally and by 2030, Growing at 7.2% CAGR From 2021-2030

According to a new report, “Wellness Tourism Market by Service Type, Location, Travelers Type: Global Opportunity Analysis and Industry Forecast, 2021–2030”. The global wellness tourism market size was valued at $801.6 billion in 2020, and is projected to reach $1,592.6 billion by 2030, registering a CAGR of 7.2% from 2021 to 2030. In 2020, the lodging segment accounted for the highest share in the wellness tourism market.

The Ministry of Tourism has taken many measures to market India as a destination for medical and wellness tourism. The Ministry has established a National Medical and Wellness Tourism Board, with the Minister (Tourism) as its Chairman, to further the cause of promoting medical tourism, wellness tourism, and Ayurveda tourism.

Traveling to preserve or improve one’s health is known as Wellness tourism. It is driven by a desire to live a healthy lifestyle, avoid sickness, reduce stress, control distressing lifestyle behaviors, and/or have authentic experiences will stop consumers may reclaim travel as a source of leisure, renewal, exploration, joy, and self actualization by working with the wellness sector. Wellness tourism, which encompasses the promotion of health and personal well-being via different physical, psychological, and spiritual activities, is a result of this shift in preference. It also covers transportation, housing, food and beverage, shopping, and other services food.

A draft for the national strategy and roadmap for medical and wellness tourism has been developed by the Ministry of Tourism for the proper functioning of the wellness tourism sector. The Ministry of Tourism has requested feedback/comments/suggestions on the draft national strategy and road map from designated Central Ministries, all State Governments/UT Administrations, and industry players to make the document more comprehensive. On the other hand, the global Wellness institute launched a Wellness tourism initiative to raise awareness, knowledge, and possibilities in one of the fastest growing areas of global tourism.

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In the U.S., the travel industry is by all accounts confined inside homegrown limits. Explorers in the U.S. like to visit outlandish areas inside the U.S. and have no plans for the global travel industry. The interest for urban communities and rural regions such as mountains, lakes, and beachfront destinations is on the ascent in the U.S. due to the rising travel costs in well-known traveling destinations.

With the rise of wellness tourism, Ayurveda institutes, hostel, and hospitality chains such as Airbnb, wellness centers/resorts, have experienced an increase in appointments and requests. According to internet booking portals, daily reservations at wellness resorts and institutes have increased by 1000 percent. As indicated by Airbnb, there has been an expanding interest in rural destinations. With the expanded speed of immunization, individuals are willing to embrace their usual travel. Yet, the majority of tourists are probably going to hit the homegrown and provincial places of interest.

Tavistock Development Company announced an intention to build innovative wellness, performance, and medically integrated exercise center in Lake Nona, Orlando. The medical integrated exercise center will be built in collaboration with Signet LLC and its subsidiary Integrated Wellness Partners (IWP). The new wellness campus is anticipated to be one of the largest in the country, with a wide range of health and wellness offerings. The new wellness campus is to be one of the most extensive in the regions, giving a wide scope of wellbeing, health benefit programs, and administrations for the entire community.

As per the European Travel Commission (ETC), the European vacationers have an uplifting outlook towards the travel industry. Be that as it may, the explorers are concerned in regards to becoming sick or contaminated with COVID-19 infection at the destination. ETC further added that a large portion of the vacationers are liking to go inside Europe and around 65% of the sightseers favored relaxation travel and 20% have plans to visit companions and family members.

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The key market players profiled in the report include:

○ Accor S.A
○ Canyon Ranch
○ Four Seasons Hotels Ltd.
○ Hilton Worldwide Holdings Inc.
○ Hyatt Hotels Corporation
○ Marriott International Inc.
○ Omni Hotels & Resorts
○ PRAVASSA
○ Radisson Hospitality Inc.
○ Rancho La Puerta Inc.

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Critical Power Market: Share, Size, Growth Opportunities and Trend Analysis During 2021 – 2030

Global Critical Power Market By Type (Generators, UPS, Others) By End- user (Industrial, Commercial, IT and Telecommunication Transportation, Government and Defense, Others):Global Opportunity Analysis and Industry Forecast, 2022-2030

Critical power is that derivative of electric energy, which is constantly required without any interruption. Critical power is required at places where the constant supply of electricity is needed. It is used in applications that need to be kept operational at all times. These applications include critical monitoring systems for patients at hospitals, data storage, and electricity grid. Critical power supply is required at the industrial sites where constant manufacturing is operational. Critical power aids in maintaining the networks such as communication networks. It ensures the smooth and constant flow of data.

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Critical power finds application in various sectors. The demand for critical power is expected to rise owing to the investments taking place in the data center sector. A huge amount of data is produced on day to day basis and this data needs to be kept safely to ensure data safety. In addition, the supply of the data is required on a constant basis in order for the system to work smoothly and not incur any loss due to non-functionality. To store such huge amount of data, more and more data centers are being opened. TO facilitate these data center, a constant supply of critical power is required in order for them to function smoothly. This need of critical power at data centers is expected to drive the critical power market over the coming years.

Wireless charging and LED drivers segment is the major shareholder. This segment is expected to witness a substantial growth over the coming years. Wireless charging systems provide electric energy at any given point of time at any place. Wireless charging systems are also a convenient form of critical power storage systems. Smart inverters are expected to provide the critical power market with opportunities to grow. LED drivers are used to maintain power supply to the LED. Critical power allows the LEDs to be in a functional state. These factors are expected to drive the demand for critical power during the forecast period.

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Asia-Pacific is expected to witness a significant growth in the critical power market. This is due to the rapidly growing population and heavy industrialization.

Due to the current pandemic, a huge mass of population all across the world has been infected by the disease. This has led to a significant increase in the demand for critical monitoring systems which require critical power to function. These factors have been anticipated to drive the market demand for critical power in the region.

Segments	Sub-segments
By Type	Generators, UPS, Others
By End- user	Industrial, Commercial, IT and Telecommunication, Transportation , Government and Defense Others
By Region	North America, Europe, Asia- Pacific, Latin America, Middle East Africa
Key Market Players	General Electric Company, Schneider Electric SE, ABB Limited, Broadcom Ltd, Eaton Corporation Plc., WEG, Anord Critical Power Inc., Doble Engineering Company, Canara Inc., Brio Energy Pvt. Ltd.

Key benefits of the report:

This study presents the analytical depiction of the global critical power industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global critical power market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global critical power market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global critical power market analysis depending on competitive intensity and how the competition will take shape in coming years.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Plastic Furniture Market Size is Expected to Rise $19,075.3 Million By 2027, Registering At a CAGR of 5.8% From 2021 to 2027

According to a new report published by Allied Market Research, titled, Plastic Furniture Market by Type, End User (Residential and Commercial), and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2027 The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The global plastic furniture market size was valued at $14.5 billion in 2019, and is projected to reach $19.0 billion by 2027, registering a CAGR of 5.8% from 2021 to 2027.

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Plastic furniture is more affordable and efficient as compared to other materials. Moreover, plastic furniture are available in various designs, types, and colors that can easily match the ambience of home, restaurant, hotel, and offices which is also the current plastic furniture market trend. Apart from having flawless designs and vibrant colors, plastic furniture are extremely durable. As the metal chairs and wooden chairs are stiff, they deform or break quickly. On the contrary, the flexibility of plastic furniture makes it easy for them to resist extreme pressure and damages.

Moreover, eco-Birdy a European furniture manufacturing company has currently launched ecoBridy recycled plastic furniture for kids. The company further announced that its complete line of production plastic furniture is 100% recyclable and does not contain any harmful chemical. Hence, rise in trend of using recycled plastic furniture by various stakeholders is expected to create lucrative opportunity for the plastic furniture market growth. However, the major impact of plastic furniture is on the environment, as it takes many years to decompose and releases harmful toxins into the soil.

Moreover, plastics are omnipresent in the marine environment, thus polluting environment and requiring urgent actions. In addition, presence of plastic pose a threat not only to marine life but also to agricultural land. This is attributed to the fact that plastic is responsible for the dilapidation of the agriculture land and atmosphere, which continuously use precious earth resources, in particular oil. This is now posing threat to environmental and agricultural production. Thus, adverse effects of plastic on marine life and agriculture land is restricting the growth of the plastic furniture market.

Region wise, North America acquired the largest plastic furniture market share in 2019, and is expected to grow at a CAGR of 4.0%.
The key players profiled in the plastic furniture industry report Avro India Limited, Cello Group, Cosmoplast Industrial Company LLC, Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, ScanCom International A/S, The Supreme Industries Limited, Tramontina, and Uma Plastics Limited.

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The outbreak of the COVID-19 pandemic has created a number of challenges for exporters in developing and developed countries. The challenges witnessed by exporters of plastic furniture products are likely to remain for the foreseeable future, as different states and governments around the world attempt to tackle COVID-19 with various measures.

However, implementation of lockdown and curfew practices globally have affected domestic as well as international production of plastic furniture, which, in turn, hampers growth of the overall market. Thus, the outbreak of COVID-19 has negatively impacted the plastic furniture market in 2020, as sales of companies have reduced and operations have been halted.

The key players operating in the plastic furniture industry include:

○ Avro India Limited
○ Cello Group
○ Cosmoplast Industrial Company LLC
○ Keter Group
○ Nilkamal Limited
○ Pil Italica Lifestyle Limited
○ ScanCom International A/S
○ The Supreme Industries Limited
○ Tramontina
○ Uma Plastics Limited.

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Key Findings Of The Study:

○ By type, the kitchen furniture segment dominated the global market in 2019, and is expected to retain its dominance throughout the plastic furniture market forecast period.
○ Depending on end user, the residential segment led in terms of the plastic furniture market value in 2019, and is expected to continue to grow with robust CAGR during the forecast period.
○ On the basis of distribution channel, the modern trade segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.

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Halal Cosmetics Market Size is Projected to Garner $144,816.10 Million by 2031, Registering At a 15.2% CAGR From 2022-2031

According to a new report published by Allied Market Research, titled, “Halal Cosmetics Market 2020-2031,” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The halal cosmetics market size was valued at $30,685.40 million in 2020, and is estimated to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.

The global halal cosmetics market is driven by rise in Muslim population globally and booming halal market, which has now extended its product base to meet the growing personal & beauty care needs of Muslim population. Halal certification enables Muslim population to identify the genuine products, thereby obeying the virtues of their religion, thereby fueling the growth of the global halal cosmetics market.

Halal cosmetics have a substantial application among Muslim consumers owing to the increasing demand for personal grooming and trending beauty products that adhere to religious loyalties among Muslims. In the LAMEA region, the Middle East accounts for the highest market share owing to the presence of the Muslim majority countries that strictly obey the religious commitments in their halal cosmetic products. However, Asia-Pacific is expected to exhibit the fastest growth attributed to the growing Muslim population in Muslim majority countries such as Malaysia, Singapore, and Indonesia, along with an increasing focus on personal and beauty care.

According to the global halal cosmetics market analysis, the market is divided by product type, application, distribution channel, and geographical division. By product type, it comprises personal care products, color cosmetics, and fragrances. By application, it includes hair care, skin care, face care, and beauty care. Based on the distribution channel, the market is segmented into online and offline. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

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Among the product type, fragrance segment is expected to have the highest CAGR during the halal cosmetics market forecast period, followed by color cosmetics. The color cosmetics segment is expected to account for $48,801.5 million in 2031, registering a CAGR of 15.5%. Halal color cosmetics have widespread adoption among the Muslim women population, especially in the youth. Increase in interest of the young Muslim population toward make-up trends that adhere to the religious loyalties has fueled the demand for global color cosmetic products.

Based on distribution channel, offline sales channel held the major halal cosmetics market share. Offline distribution channels include standalone stores, retail stores, supermarkets, and others wherein the products are displayed for consumers to have a first-hand look at the products that enable them to check the authenticity of the products.

The demand for halal cosmetic products in the overall halal cosmetics industry is expected to be driven by increase in purchasing power of the growing Muslim population and significant desire among young Muslim women to associate their interest in fashion and makeup with Islamic religious loyalties. These factors also provide lucrative opportunities to the multinational cosmetic companies to enter the halal cosmetics market. Countries such as Saudi Arabia, Iran, UAE, Malaysia, and Indonesia offer potential growth opportunities for halal color cosmetics products owing to the factors such as increase in young population, high disposable income, and rise in interest in fashion and makeup trends.

The report includes comprehensive analysis of the key players in the operating in the market such as:

○ Amara Cosmetics
○ Iba Halal Care
○ Halal Cosmetics Company
○ Clara International
○ Inika
○ Wardah Cosmetics
○ PHB Ethical Beauty
○ Sampure Minerals
○ One Pure
○ Mena Cosmetics
○ SaafSkinCare.

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Reasons to Buy This Halal Cosmetics Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
○ Sort new clients or possible partners into the demographic you’re looking for.
○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Solar Cell Market to Record 15.8% Y-O-Y Growth Rate in 2031

Global “Solar Cell Market,” The solar cell market size was valued at $84.91 billion in 2021, and solar cell industry is estimated to reach $367.23 billion by 2031, growing at a CAGR of 15.8% from 2022 to 2031. Solar cell technology converts energy from solar radiation directly into electricity using semiconductor materials. It has no mechanical moving parts, thus, it has a prolonged service life, requiring minimal maintenance. Solar cell technology is used in renewable energy systems range from small-scale systems for lighting and pumping to large-scale systems for whole buildings and utility-scale solar farms.

Continuous supply of energy and comparatively lower expenses of solar energy than conventional energy sources have made PV technology lucrative for application in industrial sectors such as telecommunication, aerospace & defense, agriculture, and automotive. This factor is expected to escalate the market growth during the forecast period. In addition, increase in popularity of solar technology owing to its employment in electricity generation, to provide electricity for residential buildings at a low cost is expected to drive the growth of the solar cell market.

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The growth of the global solar cell market growth is driven by adoption of renewable electricity generation methods along with focus on carbon emission reduction. In addition, rise in concern from governments across the globe on increased global warming issues is expected to augment the demand for solar farms. Governments across different countries are offering new rebate and incentive schemes on installation of solar farms. Such tax incentive programs are expected to encourage commercial as well as industrial end users to install solar farms, thereby contributing toward the growth of the global solar cell market opportunities.

The use of solar energy by commercial buildings such as offices, malls, and airports helps reduce the load on traditional fossil fuel power plants and further decreases the carbon footprint. With growth in use of solar photovoltaic, the use of solar farm is expected to rise to generate electricity in an efficient way, owing to surge in use of solar photovoltaic.

Market Scope and Structure Analysis

Report Metric	Details
Market Size Available for Years	2022–2031
Base Year Considered	2021
Forecast Period	2022–2031
Forecast Unit	Value (USD)
Segments Covered	Type, Installation Type, and Region
Companies Covered	First Solar, Inc., Yingli Solar, SunPower Corporation, SunEdison, Inc., Indosolar Limited, Tata Power Systems Limited, Sharp Corporation, Borg Inc., SolarWorld AG, GreenBrilliance, Canadian Solar Inc, Trina Solar Limited, Abengoa SE, Acciona S.A., Kaneka Corporation

The global solar cell market is segmented on the basis of type, installation type and region. On the basis of type, it is segmented into thin film solar cell which is further segmented into CdTe, a-Si, CIGS; and crystalline solar cell which is further segmented into multi-Si, mono-Si; and others. On the basis of installation type, the market is classified into residential, commercial, and utility-scale.

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Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe. Asia-Pacific has emerged as a global leader in the solar cell market, due to surge in energy demand in the developing economies such as India, China, and Thailand, owing to decrease in dependency on conventional energy sources, including coal & crude oil, and increase in urbanization. In addition, development of rural electrification activities in countries such as India, China, and Thailand and rise in government initiatives to promote the use of renewable energy are anticipated to boost the growth of the global solar cell market from 2022 to 2030.

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Covid-19 Scenario

The outbreak of the Covid-19 pandemic affected several economies and caused lockdown in many countries. This, in turn, limited the growth of the global solar cell market.
The temporary shutdown of several industries led to decline in demand for solar related equipment in most of the countries across the world. The decrease in utilization of power in the industrial facilities across the globe during the outbreak led to a negative impact on the development of the solar cell market.
Nevertheless, during the post-pandemic period, the governments of various countries have taken initiatives to improve the national energy security through increase in investment in the renewable energy related industries, especially solar and wind power systems.

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Antihypertensive Drugs Market to Grow at CAGR 3.1% During 2022 – 2026

Increase in geriatric population worldwide, rise in healthcare expenditure worldwide, and surge in prevalence of hypertension across the globe have augmented the growth of the global antihypertensive drugs market. Whereas, patent expirations of blockbuster drugs impede the market growth. On the other hand, high growth potential in developing economies is projected to provide lucrative opportunities in the near future.

The global antihypertensive drugs market accounted for $22,557 million in 2018, and is expected to reach $28,797 million by 2026, registering a CAGR of 3.1% from 2019 to 2026.

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Rise in the geriatric population, surge in healthcare expenditure, and rise in prevalence of hypertension across the globe drive the growth of the global antihypertensive drugs market. However, patent expirations of blockbuster drugs hamper the market growth. On the contrary, high growth potential in developing countries is expected to create lucrative opportunities in the near future.

The demand for antihypertensive drugs is on a rise, owing to surge in incidence of hypertension. Furthermore, rise in awareness related to treatment of hypertension across the globe is another factor that fuels the growth of the market.

Hypertension is a long-term medical condition, which is marked by the rise in blood pressure. Blood pressure is considered higher than normal when the systolic blood pressure is more than 140mm Hg or the diastolic blood pressure is more than 90 mm Hg. Moreover, this medical condition is accompanied with other complications such as dementia, heart failure, and kidney diseases. Therefore, this condition requires an early diagnosis and treatment. The drugs employed in the treatment of this condition are termed as antihypertensive. Different type of the antihypertensive drugs available in the market include calcium channel blockers and vasodilators.

Based on distribution channel, the market is categorized into retail pharmacy, hospital pharmacy, and e-commerce. The e-commerce websites and online drug stores segment is expected to register the fastest CAGR of 4.2% through 2026. On the other hand, the hospital pharmacy segment accounted for the highest share in 2018, contributing to more than half of the global antihypertensive drugs market.

North America dominated the market

The global antihypertensive drugs market across North America held the largest share in 2018, accounting for more than one-third of the market, owing to the availability of the antihypertensive drugs and rise in prevalence of hypertension due to surge in geriatric population in the region. However, the market across the Asia-Pacific region is anticipated to portray the fastest CAGR of 4.2% during the forecast period, owing to surge in awareness related to use of antihypertensive drugs and the presence of active key players in the region.

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Major market players

Boehringer Ingelheim GmbH
Johnson and Johnson
Merck KGaA
Pfizer, Inc.
Bayer AG
AstraZeneca plc
Takeda Pharmaceutical Co., Ltd.
Sanofi S.A.
Daiichi Sankyo Company
Novartis International AG

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Japan Antihypertensive Drugs Market
South Korea Antihypertensive Drugs Market
Singapore Antihypertensive Drugs Market
China Antihypertensive Drugs Market
Indonesia Antihypertensive Drugs Market
Australia Antihypertensive Drugs Market
Taiwan Antihypertensive Drugs Market

“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

Construction Lifts Market Growing at a CAGR of 6.8% 2030

The construction lifts market size was valued at $376.4 million in 2020, and is projected to reach $723.0 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030. The construction lifts are equipment that are used in construction sites to transport material at higher floors during construction. In addition, these lifts are also useful to carry workers to reach areas for making fine finishing details. The lifts have been driving component such as motors or hydraulic systems that can lift the material. In addition, these lifts can be used in low rise as well as mid & high rise construction projects to save the transportation time and labor cost, thus reducing the construction cost.

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Top Players:

The major players profiled in the construction lifts market include Alimak Group AB, CABR Construction Machinery Technology Co. Ltd, Electroelsa Srl, Fraco Products Ltd., Gaoli Engineering Machinery Co., Ltd, GEDA GmbH, Maber, Saeclimber, STROS – Sedlcanské strojírny, a. s. and XL Industries.

Key Market Segments:

By Business Type

New Equipment Sales
Aftermarket Sales

By Construction Type

New Construction
Renovation

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Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Findings Of The Study

By capacity, the more than 6000 lbs segment was the highest revenue contributor in 2020.
By end-user, the residential sector segment was the highest revenue contributor in 2020.
By business type, the new equipment sales segment was the highest revenue contributor in 2020.
By construction type, the new construction segment was the highest revenue contributor in 2020.
By building type, the mid & high rise segment dominated the market in 2020.
By region, Asia-Pacific generated the highest revenue in 2020.

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Meningococcal Vaccine Market to Reach $4,192.6 Million, Grow At a CAGR of 9.5% From 2022 to 2026

The major factors that contribute to the growth of the meningococcal conjugate vaccine market include increasing prevalence of diseases caused by microorganisms such as Neisseria meningitides, improving healthcare infrastructure, development of quality vaccines at an affordable price, and growing awareness about meningococcal vaccination & associated immunization. However, high costs, adverse effects of vaccines, and stringent government regulations hamper the growth of the global meningococcal conjugate vaccine market. Development of combination vaccines and large numbers of mergers & acquisition strategies among key vendors are expected to propel the growth of the market in the near future.

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The global meningococcal vaccine market size was valued at $1,935.5 million in 2018, and is projected to reach $4,192.6 million by 2026, registering a CAGR of 9.5% from 2019 to 2026.

Increase in outbreaks of meningococcal disease, surge in immunization programs across the globe, and rise in research and development for vaccine technology propel the growth of the global meningococcal vaccine market. However, longer timelines required for vaccine production and high cost associated with the development of vaccines impede the market growth. On the other hand, rise in healthcare spending, increase in research and development for meningococcal vaccines, and growing opportunities in the emerging markets offer lucrative opportunities to the market players.

Rise in outbreaks of meningococcal disease, increase in immunization programs across the world, and surge in research and development for vaccine technology drive the global meningococcal vaccine market. However, long duration required for vaccine production and high cost of vaccine development hinder the market growth. On the other hand, increase in healthcare expenditure and untapped potential in emerging economies create new opportunities in the coming years.

Covid-19 scenario

Due to lockdown, immunization programs will come to a halt and program schedules will be changed in various countries.

Research and development activities for vaccine technology will be limited, as researchers need to stay at home during the lockdown.

Meningococcal vaccine is used as a placebo effect in the Covid-19 vaccine trial conducted at the University of Oxford.

Based on region, North America accounted for the highest share, holding nearly half of the total share in 2018, and is estimated to maintain its dominant share during the forecast period. On the other hand, the Asia-Pacific region is also anticipated to manifest the fastest CAGR of 14.7% from 2019 to 2026. The market also analyses regions including Europe, North America, and LAMEA.

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North America to maintain its dominance throughout the forecast period

Based on region, North America accounted for the largest market share in terms of revenue in 2018, holding nearly half of the global meningococcal vaccine market, and is estimated to maintain its lead position throughout the forecast period. This is due to surge in prevalence of meningitis disease and ease in availability of meningococcal vaccine products for treatment of the disease. However, Asia-Pacific is expected to portray the largest CAGR of 14.7% from 2019 to 2026, owing to surge in outbreaks of meningococcal diseases and widespread availability of products.

Leading market players

Bio-Manguinhos
Bio-Med Pvt. Limited
Chongqing Zhifei Biological Products Co., Ltd.
GlaxoSmithKline Plc
Hualan Biological Engineering Inc.
Incepta Pharmaceuticals Ltd.
Pfizer Inc.
Sanofi S.A.
Serum Institute of India Pvt. Ltd.
Walvax Biotechnology Co., Ltd.

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Japan Meningococcal Vaccine Market
South Korea Meningococcal Vaccine Market
Singapore Meningococcal Vaccine Market
China Meningococcal Vaccine Market
Indonesia Meningococcal Vaccine Market
Australia Meningococcal Vaccine Market
Taiwan Meningococcal Vaccine Market

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Chile Precast Construction Market Strikes Business Strategies With Key Players Analysis 2027

The Chile precast construction market size is expected to reach $492.1 million in 2027 from $323.0 million in 2019, growing at a CAGR of 6.9% from 2020 to 2027. In 2019, non-residential construction dominated the market, in terms of revenue, accounting for 69.6% share of the Chile precast construction market.

Precast construction includes casting of building members such as columns & beams, facades, girders, and others in controlled environments. These parts are further transported to the actual site and joined together either using bolted connections or grouting with concrete. Precast construction is often termed as prefabricated construction or off-site construction. It is bifurcated into two types namely, manufactured homes and modular construction. Modular construction includes assembly of various components of a building and transporting them separately to the project site for assembly.

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Top Manufacturers:

Ecomundo,
Hormipret,
Pacadar SAU,
Prefabrik Yapı A.Ş,
Prefast SpA,
Ramaq Chile,
Tecno Fast,
Tensacon,
Tensocret,
Vollert Anlagenbau GmbH.

The Chile precast construction market is segmented on the basis of product, construction type, and end-user industry. Based on product type, the Chile precast construction market is fragmented into columns & beams, floors & roofs, walls, staircases, girders, paving slabs, and others. By construction type, the market is classified into modular and manufactured homes. According to end-user industry, the Chile precast construction market is categorized into residential and non-residential.

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Chile Precast Construction Market Segments

By Product Type

Columns & Beams
Floors & roofs
Walls
Staircases
Girders
Paving slabs
Others

By Construction Type

Modular construction
Manufactured homes

Key Findings Of The Study

By product type, the columns & beams segment dominated the Chile precast construction market share in 2019.
By end-user industry, the non-residential segment dominated the Chile precast construction market during 2019.
Depending on construction industry, the modular construction segment garnered major share of the Chile precast construction market in 2019.

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Why To Select This Report:

Complete analysis on market dynamics, market status and competitive Precast construction view is offered.
Forecast Global Precast construction Industry trends will present the market drivers, constraints and growth opportunities.
The five-year forecast view shows how the market is expected to grow in coming years.
All vital Global Precast construction Industry verticals are presented in this study like Product Type, Applications and Geographical Regions.

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Malaria Diagnostics Market Top Impacting Factors That Can Win Industry Worldwide | CAGR of 5.1% – 2026

Rise in incidence of malaria, increase in healthcare expenditure among people, and surge in adoption of malaria diagnostics tools across the world fuel the growth of the global malaria diagnostics market. On the other hand, poor demand in underdeveloped countries restrains the growth to some extent. Nevertheless, development in emerging economies is expected to create a plethora of opportunities in the near future.

The global malaria diagnostics market accounted for $728,870 thousand in 2018 and is expected to reach $1,085,106 thousand by 2026, registering a CAGR of 5.1% from 2019 to 2026.

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Based on product type, the rapid diagnostic tests segment accounted for more than two-fifths of the global malaria diagnostics market share in 2018, and is expected to retain its dominance by 2026. Surge in healthcare expenditure in developing countries has propelled the market growth. The molecular diagnostic tests segment, on the other hand, would register the fastest CAGR of 6.0% throughout the forecast period. Rising awareness among people regarding early diagnosis of malaria and the wide array of benefits offered by drug molecular diagnostic tests spur the growth of the segment.

The demand for malaria diagnostics is on the rise, owing to surge in malaria across the globe. Furthermore, rise in awareness initiatives by governments is another major factor that contributes to the growth of this market.

Based on product type, the rapid diagnostic tests segment held more than two-fifths of the total market share in 2018, and is expected to maintain its highest contribution in terms of revenue during the forecast period. However, the molecular diagnostics tests segment is expected to portray the fastest CAGR of 6.0% from 2019 to 2026. The report also analyzes the microscopy segment.

Based on end user, the clinics segment accounted for more than two-fifths of the total market share in 2018, and is expected to contribute its lead position throughout the forecast period. However, the diagnostic centers segment would witness the largest growth rate with a CAGR of 6.0% from 2019 to 2026. The research also discusses the hospitals segment.

The clinics segment to dominate during the estimated period-

Based on end-user, the clinics segment generated the largest share in 2018, holding more than two-fifths of the global malaria diagnostics market. Availability of specialized treatments under one single roof has augmented the segment growth. Simultaneously, the diagnostic centers segment would cite the fastest CAGR of 6.0% from 2019 to 2026. The fact that diagnostic centers are quite specialized in performing malaria diagnostic tests has driven the growth of the segment.

The malaria diagnostics market is studied on the basis of product type, end user, and region to provide a detailed assessment of the market. On the basis of product type, it is segmented into rapid diagnostic tests, microscopy, and molecular diagnostic tests. By end user, it is bifurcated into hospital, clinics, and diagnostic centers. Region wise, it is analyzed across North America (the U.S., and Canada, and Mexico), Europe (Germany, the UK, and rest of Europe), Asia-Pacific (China, India, and rest of Asia-Pacific), and LAMEA (Africa and rest of LAMEA).

Key Findings of the Study:

Rapid diagnostic tests segment occupied approximately half the share of the global malaria diagnostics market in 2018.

The molecular diagnostic tests segment is anticipated to grow with the highest CAGR throughout the forecast period.

The hospitals segment accounted for one-thirds share of the market in 2018.

Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.

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Key market players of the global malaria diagnostics market analyzed in the research include Abbott Laboratories, Atlas Medical, Access Bio, Inc., Bio-Rad Laboratories, Inc., Biomérieux SA, Novartis AG, Meridian Bioscience Inc., Premier Medical Corporation Pvt. Ltd., Olympus Corporation, and Siemens AG. They have adopted various strategies including partnerships, collaborations, agreements, mergers & acquisitions, and others to gain a strong position in the industry.

We also Offers Regional and Country Reports-

Japan Malaria Diagnostics Market
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Australia Malaria Diagnostics Market
Taiwan Malaria Diagnostics Market

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