A Market Place Research – Page 2707

AMR estimates that Learning and Educational Toys Market revenues will grow nearly 5.1% from 2021 to 2030

The learning and education toys market demand is expected to increase during the forecast period 2021–2030

The learning and education toys market demand is expected to increase during the forecast period. This is attributable to the benefits associated with the learning and educational toys that helps to enhance skills and learning of the children. This in turn has propelled the growth of the overall learning and educational market.

According to a new report published by Allied Market Research, titled, “learning and educational toys market by product type, age group, sales channels and region: global opportunity analysis and industry forecast, 2021–2030,” The global learning and educational toys market was valued at $49,973.1 million in 2020, and is projected to reach $81,295.2 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.

The increase in number of games bars, cafes, and family entertainment centers worldwide is boosting the demand for toys and games. These family entertainment centers, game bars, and cafes are witnessing high traction and gained remarkable popularity across the world in the course of recent years. The quick expansion of games in cafes is encouraging children as well as adults to learn new games along with connecting each other for meaningful social interactions. In the U.S., over 5,000 board games cafes were inaugurated in 2016. Furthermore, there were over 700 gaming cafes in China and in 2017, an addition of about 60 gaming cafes were opened in Beijing alone. The increase in number of these cafes and entertainment centers that cater to both kids and adults helps generate high revenues for the players operating in the global learning and educational toys market.

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Engaged players in the industry are striving to make more environment-conscious decisions about their product portfolio, especially in terms of toys packaging. The players are focusing on minimalistic usage of plastic in their products. A plethora of initiatives have been launched in the past few years ranging from adopting recycled packaging materials and minimal packaging to adopting bio-based plastics instead of their petroleum counterpart. For instance, MGA Entertainment introduced a new biodegradable ball as a new product offering in its L.O.L Surprise! Doll line. Furthermore, it also introduced a new product line from Little Tikes using blend of recycled resins as raw material. Another company, Safari Ltd. is offering BioBuddi line of toy blocks, much like Mega Bloks and Lego, which uses sugarcane in the production and manufacturing of toys. Such practices adopted by the players pave the way for more sustainable and environment-friendly products in the future.

The market in the Asia-Pacific region offers lucrative growth opportunities for market players. Large consumer base along with rising disposable income of consumers provides lucrative opportunities for the market players. This region offers potential opportunities to market players for launching educational and learning toys.

The outbreak of coronavirus has negatively impacted the learning and educational toys industry along with all stages of supply chain and value chain. The supply chains today are far more complex as compared to what they were a decade ago. The COVID-19 pandemic has not only hampered the production facilities, but has also disrupted the supply chains such as material suppliers and distributors of the learning and educational toys market globally, resulting in the loss of the business in terms of value sales.

The global learning and educational learning and educational toys industry has been impacted profoundly amidst the outbreak of the coronavirus. The outbreak was first witnessed in China resulting in lockdown and ceasing of production activities across the world. The demand for toys and games is expected to slightly taper across the world, owing to supply chain disruptions and closure of playgroup schools, kids play centers, & entertainment across the world.

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The learning and educational toys market is segmented into product type, age group, sales channel, and region. By product type, the global market is classified into action figures, building sets, dolls, games and puzzles, sports & outdoor toys, plush, and others. By age group, it is studied across upto 5 years, 5 to 10 years, and above 10 years. By sales channel, the market is divided into hypermarket/supermarket, specialty stores, departmental stores, online channels, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key findings of the study

By region, Asia-Pacific is anticipated to grow at a robust CAGR of 7.1% during the forecast period.
By product type, the sports and outdoor toys segment led in terms of market share in 2020, and is expected to gain market share in the coming years.
By age group, the 5 to 10 years segment accounted for maximum market share of the learning and educational toys market in 2020, and is poised to grow at the highest CAGR during the forecast period.

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By sales channel, the online channels segment is expected to gain market share in the coming years, and is estimated to grow at a CAGR of 6.5% during the forecast period.

Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. Agreement with key stakeholders is expected to be a key strategy to sustain in the market. In the recent past, many leading players opted for product launch strategies to strengthen their foothold in the market. To understand the key learning and educational toys market trends, strategies of leading players are analyzed in the report. Some of the key players in the learning and educational toys market analysis includes Atlas Games, Clementoni S.p.A., Goliath Games, Hasbro, Inc., The LEGO Group, Mattel, Inc., Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.

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 domain. 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. 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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Windows and Doors Market is expected to reach $354,483.6 million by 2030

The global windows and doors market size was $217,900.0 million in 2020 and is expected to reach $354,483.6million by 2030, registering a CAGR of 4.9% from 2021 to 2030.

Windows & doors market trends are expected to be progressive over the next few years. The nonresidential sector is expected to witness higher growth rate globally and contribute significantly to the market development.

Advancements by market players, rise in residential & nonresidential construction activities, and surge in home remodeling expenditures foster the market growth. Rapid urbanization and industrialization in regions such as Asia-Pacific and LAMEA is expected to offer lucrative opportunities for the market. However, high price packages for eco-friendly products is projected to hinder the market growth.

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The market is segmented by product type into windows and doors. The doors segment held the largest market share in 2019 , and is expected to maintain its dominance during the forecast period. The doors segment is also anticipated to grow at the highest growth rate owing to rise of multifamily housing trends. Moreover, rise in consumer spending on home improvement and growth in new construction activities are expected to provide opportunities for market development.

The windows & doors market is segmented based on material type into wood, metal, and plastic. Metal accounted for over 45% of the total windows market owing to the high dimensional stability and durability & resistance to fire and chemicals, often preferred in the commercial sector. Wood dominated the doors segment owing to its thermal insulation properties, high strength, strong aesthetics, and high utility of this material in the interior doors segment. The plastic segment is anticipated to witness increased usage in light commercial and institutional applications, and is anticipated to show the highest growth rate.

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The residential sector has witnessed a decent growth in the last few years, and is anticipated to dominate the market during the analysis period, owing to recovery in economies such as the U.S. after the collapse. Nonresidential sector is anticipated to grow at the highest CAGR of 6.9% as compared to the residential sector.

Asia-Pacific accounted for over 50% of the windows & doors market share, and is anticipated to maintain its dominance during the forecast period. Windows & doors market analysis is provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast is provided for UK, Germany, France, Italy, and rest of Europe.
Countries covered in Asia-Pacific include China, Japan, India, and rest of Asia-Pacific. China, Japan and India are the leading markets for windows & doors in the region. LAMEA includes analysis for Brazil, Middle-East, and rest of LAMEA.

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Leading players profiled in the report include Andersen Corporation, Masco Corporation (Milgard Manufacturing, Inc.), Marvin Windows & Doors, Pella Corporation, Atrium Corporation, Schuco International Kg (a subsidiary of OTTO FUCHS Kommanditgesellschaft), Jeld-Wen Holding, Inc., YKK Corporation, Lixil Group Corporation, and MI Windows and Doors LLC.

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U.S. Corporate Event Market will Grow at 17.3% CAGR to Surpass $510.9 billion during the Forecast Period 2021–2030

The U.S. corporate event market generated revenue of $95.3 billion in 2020, and is expected to grow at a CAGR of 17.3% to reach $510.9 billion by 2030

According to a new report published by Allied Market Research, titled, “U.S. corporate event market by event type and industry: global opportunity analysis and industry forecast, 2021–2030,” the U.S. corporate event market size is expected to reach $510.9 billion by 2030 at a CAGR of 17.3% from 2021 to 2030.

The U.S. corporate event market generated revenue of $95.3 billion in 2020, and is expected to grow at a CAGR of 17.3% to reach $510.9 billion by 2030. Giant corporate companies organize various events to create strategies, celebrate success, or make new international standards. Their event managers either arrange for an event by themselves or prefer external services. Events organized by corporate companies include trade shows, grand ceremonies, team-building activities, induction programs, and annual function.

Trade shows are a crucial part of marketing strategies, as they allow brands to present their products, target customers, and find new business partners. In the recent years, there has been continuous increase in the popularity of trade shows, hence, they are mostly organized on huge venues. Furthermore, grand ceremonies include conferences and corporate galas. In team-building events, the major aim is to build a strong relationship and trust among the team members. Furthermore, induction programs are held in the beginning of the month—the most common start date for newly hired employees.

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Therefore, the corporate sector offers various opportunities for the event management companies to organize events, contributing to huge revenue generation, which, in turn, augments the growth of the U.S. corporate event industry. The growth of the corporate events industry is majorly driven by upsurge in frequency of corporate meetings, conferences, tradeshows/exhibitions, and other events. Furthermore, the deployment of best-in-class technology that can handle the entire event propels the industry growth.

Some industry sectors such as hotel and transportation industries are directly involved in the corporate event market. These industries may benefit from the corporate event business by offering their services and facilities to the planners and attendees of corporate events. Hotels are the key suppliers, and serve as the major beneficiaries. The development of the travel & tourism industry plays a significant role in the growth of the corporate event market. The factors that further promote the growth of the U.S. market include changes in lifestyle, rise in promotion of tourism, and increase in accessibility of transport facilities. The current trend of online booking option for transportation & accommodation service has increased the convenience of the business travelers, which is anticipated to significantly contribute toward the growth of the corporate event market.

By event type, the market is segmented into conference/seminar, trade shows/exhibition, incentive programs, company meetings, and others. The company meetings segment is estimated to exhibit the highest CAGR of 18.9% in the U.S. corporate event market during the forecast period. This is attributed to the development of the travel & tourism industry, surge in international business travels, and expansion of the information technology sector.

By industry, the market is segregated into banking & finance sector, information technology, real estate & infrastructure, automotive, insurance, and others. The information technology segment held the major share of 33.3% in the U.S. corporate event market in 2020, owing to the fact that many IT companies such as Apple, Oracle, Dell, Amazon, Facebook, IBM, Qualcomm, and Microsoft are headquartered in the U.S, which is the largest tech market across the globe, which contributes 32% of the total share in the technology market for 2020.

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Thus, all these factors indirectly impact the growth of the U.S. corporate event market during the forecast period. State wise, New York accounted for a significant market share in 2020. The priorities of attendees attending corporate event in New York is networking (82%), learning (71%), and entertainment (38%).

Tourism is one the growing sectors, which is expected to drive the future prosperity of New York. According to a report published by the Tourism New York, the state welcomed a record of 67 million visitors in 2019, which has directly impacted the economy of the state.

Players operating in the U.S. corporate event market have adopted various developmental strategies to expand their market share, exploit the U.S. corporate event market opportunities, and increase profitability in the market. The key players profiled in this report include 360 Destination Group, Access Destination Services, BCD Travel Services B.V., BI Worldwide, CWT, Cievents, Creative Group, Inc., ITA Group, Maritz Holdings, Inc., and Reed Exhibitions Ltd.

Key findings of the study

The U.S. corporate event market was valued at $95.3 billion in 2020, and is estimated to reach $510.9 billion by 2030, growing at a CAGR of 17.3% during the forecast period.
By event type, the automotive segment is estimated to witness the fastest growth, registering a CAGR of 18.8% during the forecast period.
In 2020, depending on the industry, the information technology segment was valued at $31.8 billion, accounting for 33.3% of the U.S. corporate event market share.
In 2020, the New York was the most prominent market in U.S., and is projected to reach $77.1 billion by 2030, growing at a CAGR of 16.7% during the forecast period.

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Increasing Demand for Packaged beverage to Influence Strategies of Vending Machine Market Players through 2021–2027

According to a new report published by Allied Market Research, titled, “Vending Machine Market by Type, Application, Technology, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,”

The global vending machine market size was valued at $18.28 billion in 2019 and is anticipated to reach $25.25 billion by 2027, with a CAGR of 6.7% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $6.97 billion from 2021 to 2027. The electronically run machines are coin or swipe card operated and provide different products such as beverages, snacks, cigarettes, and others. The beverages vending machine holds the core business for the vending machine. Beverages vending machines offer different types of hot & cold beverages and water. The significant growth of the food & beverages industry is a critical factor that stimulates the global beverages vending machine market. The beverages vending machine is capable of providing products at any time while acquiring less space.

The key players profiled in this report include Sandenvendo America, Inc., Crane Merchandising Systems, Azkoyen Group, Fuji Electric Co., Ltd, Fastcorp Vending LLC, Royal Vendors, Inc., Seaga Manufacturing Inc, Jofemar Corporation., Selecta TMP AG, and Bianchi Industry.

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The significant growth of the packaged beverages industry is one of the critical driving factors that augment the growth of the market. The increasing demand for ready-to-drink or packaged beverage among consumers is the major factor, which spurs the growth of the vending machine industry. In hotels and restaurants, vending machine has been established additionally to attract consumers and to provide extra service to guests with an influential sale of the product.

These establishments of vending machine in restaurants, hotels, airports, among others are expected to augment the growth of the global market. The instant service and variety of products offered by vending machine attract consumers, which drives the growth of the global vending machine market. Moreover, vending machines provide cashless payment options, such as smartphones payment systems, which boost the growth of the market. The high initial installation cost of vending machine restraints the growth of the global market.

Furthermore, there has been increase in the number of netizens along with rise in internet penetration. Considering this, most of the key players in the vending machine market strategize on promoting their products on various social media platforms. Thus, through social media marketing strategy, the vending machine market is expected to gain critical growth opportunity.

Increase in use of vending machine in hotels & restaurants and corporate offices is expected to drive the vending machine market in the future. Moreover, smart vending machines offer smooth interactions by touch screens and immediate access to their desired products. They have various features such as credit-card acceptance and several options for consumers. These machines allow users to make custom requests, get quality products on-demand, and incorporate machine learning & algorithms to serve their users better.

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The vending machine market has witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for this product in some major parts of Asia-Pacific and LAMEA, which is attributable to low-performing macro-economic factors such as low internet penetration and insufficient marketing strategies by manufacturers. Thus, lower penetration of such products limits the vending machine market growth.

According to the vending machine market analysis, the market is segmented on the basis of type, application, technology, sales channel, and region. Based on type, the vending machine market is categorized into food vending machine, beverages vending machine, tobacco vending machine, and others. Beverages vending machine is widely used in the hotels & restaurants industry, and is one of the prime products in the retail sector and quick service restaurants; therefore, it is expected to influence the overall vending machine business.

On the basis of application, the market is categorized into hotels & restaurants, corporate offices, public places, and others. The hotels & restaurants segment was valued at $6,572.7 million and is expected to grow at a CAGR of 5.9% during the forecast period. The segment is expected to reach $8,548.3 million by 2027. This is attributed to increase in the number of coffee shops, shopping complexes, hotels & restaurants, and other facilities, which is expected to increase the demand for vending machines in the near future.On the basis of sales channel, the vending machine market segment into offline and online. Offline segment dominated the market in 2019, accounting for 67.9% of the share, and is expected to retain its dominance over the forecast period. This is attributed to the fact that consumers are preferring products from various offline sales channels, such as hypermarket/supermarket, specialty stores, and convenience stores, while purchasing, which has created major traction in the market.

Region-wise, North America vending machine market size was the prominent in 2019, garnering maximum share, owing to the preference for packaged beverages among consumers. Moreover, due to the presence of key industry players and relatively faster adoption, North America has higher market share compared to other regions. Asia-Pacific is anticipated to witness significant growth rate during the forecast period. This is attributed to growing economies and rapid growth in the hospitality & services sector, which includes restaurant, tourism, and food industries.

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Key findings of the study :-

By type, the beverage vending machine segment held the highest share, accounting for 55.7% of the market share.
In 2019, by application, the hotels & restaurants segment held the highest share, accounting for 35.9% of the market share.
By technology, the smart machine segment witnessed the fastest growth rate of 7.5% during the forecast period.
By sales channel, the offline segment held the highest share, accounting for 69.2% of the global vending machine market share.
In 2019, the U.S. was the most prominent market in the North America region and is expected to grow at a significant CAGR over the forecast period.
The report provides a quantitative analysis of the current vending machine market trends, estimations, and dynamics of the size from 2021 to 2027 to identify the prevailing opportunities.

Hybrid Operating Room Market Revenue Growth, Qualitative Analysis, Quantitative Analysis

Hybrid operating room in medical settings refers to a facility wherein different surgical procedures are performed for the treatment of diverse pathological and physiological conditions in a sterile environment. Hybrid operating room comprises technically efficient and easy-to-use equipment for routine interventions. It is equipped with complex, advanced imaging devices, and supporting technologies that provide a closer & clearer patient diagnosis. The advanced imaging systems assists in minimally invasive procedures, which minimizes the chances of incisions and risk of trauma in patient undergoing treatment. Various clinical applications such as orthopedic trauma surgery, neuronal surgeries, thoracic surgery, cardiovascular surgery, and laparoscopy surgery are performed in the hybrid operating room.

List of Key Players

The key players profiled in this report include Alvo Medical, GE Healthcare, Getinge AB (MAQUET Holding B.V. & Co. KG), Hill-Rom Holdings, Inc. (Trumpf Medical System, Inc.), IMRIS Inc., Koninklijke Philips N.V., Mizuho Corporation, Siemens AG, Stryker Corporation, and Toshiba Corporation (Canon Medical Systems Corporation).

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The major factors that boost the global hybrid operating room market growth are rapid technological advancements in the imaging modalities such as MRI, CT scan, ultrasound, and others; rise in counts of patients undergoing renal, cardiac, oncological, and neurological treatments; and increase in preference of patients toward hybrid operating room due to better patient safety, shorter hospital stays, and accurate diagnosis & treatment. In addition, surge in investment in hybrid OR equipment, growth in regulatory approvals for different hybrid operating equipment, increase in patient preference for effective & affordable surgical treatment are expected to boost the market growth during the forecast period. However, low income and lack of proper medical attention in the developing countries hamper the growth of the hybrid operating room market.

Depending on product, the market is divided into magnetic resonance imaging (MRI), computed tomography (CT), angiography systems, and others. The intraoperative diagnostic system segment dominated the hybrid operating room market in 2018, due to technological advancements in intraoperative diagnostic systems, surge in prevalence of chronic diseases along with changes in lifestyle, and rise in demand for innovative & hybrid operating room equipment.

By application, the cardiovascular surgery segment was the highest revenue contributor in the hybrid operating room market in 2018, and is expected to maintain its dominance during the forecast period. This is attributed to rise in incidence & prevalence of cardiovascular surgery diseases, and increase in adoption of endovascular procedures during cardiovascular surgeries. In addition, surge in demand for minimally invasive surgeries and increase in number of patients suffering from obesity are expected to offer remunerative opportunities for market expansion in the near future.

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In 2018, North America accounted for the major share in the hybrid operating room market size, and is expected to continue this hybrid operating room market trend during the forecast period, owing to availability of well-developed infrastructure, presence of majority of key players in the region, rise in number of surgical procedures, and availability of trained medical professionals. However, Asia-Pacific is anticipated to register the fastest growth during the forecast period, owing to rise in disposable income, improvement in healthcare infrastructure, increase in number of hospitals equipped with advanced medical facilities, and development of the R&D sector.

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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.

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 the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Pet Supplement Market Expected to Reach $822.6 Million by 2027

“Increase in adoption of pets, awareness regarding the pet food, and concerns about the health of pets are the major driving forces of the global pet supplement market. In addition, upsurge in consumer spending on pet care products such as healthy food, supplements, and grooming products notably contributes toward the growth of the overall market.”

According to a new report published by Allied Market Research, titled, “Pet Supplement Market by Pet, Application, Source, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The global pet supplement market size was valued at $596.8 million in 2019, and is expected to reach $822.6 million by 2027 at a CAGR of 7.3% from 2021 to 2027.

Pet supplements are processed form of food, which are composite of added nutrients, proteins, and minerals. They improve the health of pets and meet the nutrient and mineral requirements in pets. Blinders, flavoring agents, fillers, and preservatives are added in pet supplements that improve the shelf life. Pet supplements are given according the type of deficiencies, symptoms, and disorders in pets.

The growth of the global pet supplement market is driven by increase in pet adoption rate and rise in empathy toward animals. Natural pet food is becoming increasingly popular, as it is formulated using natural ingredients and are free from preservatives and functional ingredients. Furthermore, government support to increase the usage of safe, healthy, and natural ingredients in pet supplements and to bring more transparency in selling these products is boosting the growth of the global market. For instance, pet food products and supplements do not require approval by the FDA. However, FDA ensures that the ingredients used in pet food are safe and have appropriate function in pet food. Many ingredients such as meat, poultry, and grains are considered safe and do not require pre-market approval.

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According to the pet supplement market analysis, the pet supplement market segmented into pet, application, source, distribution channel, and region. On the basis of pet, the market is categorized into dog, cat, freshwater fish, and others. By application, it is segregated into multivitamins, skin & coat, hip & joint, prebiotics & probiotics, calming and others. Depending on source, it is fragmented into organic and conventional. As per distribution channel, it is differentiated into offline and online. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa)

According to the pet supplement market trends, on the basis of pet, the cat segment was valued at $228.6 million in 2019, and is projected to reach $307.9 million by 2027, registering a CAGR of 6.9% from 2021 to 2027. This is attributed to the fact that cats are more home-friendly than other pets and comparatively less expensive. According to an Australian study, cat owners do have better psychological health than people without pets. People are increasingly adopting cats, as they bond strongly with kids, which boosts the demand for pet supplements. According to a survey conducted by the World Pet Association (WPA), more than 2,200 young kids aged 11–15 have strong bond with their cats.

On the basis of application, the prebiotics & probiotics segment is estimated to reach $173.1 million by 2027, at a CAGR of 6.8%. Prebiotic & probiotic-based pet supplements are gaining considerable traction in the market, owing to the associated benefits such as these supplements promote a healthy digestive system, help cure diarrhea, and ease gastrointestinal ailments. Probiotic supplements are often recommended to help restore balance in digestive system after an upset stomach. Prebiotics are non-digestible food ingredients that stimulate the growth of beneficial bacteria that have the potential to improve pet health, inhibiting the growth of pathogenic microorganisms. Fructooligosaccharides act by stimulating the growth of Bifidobacterium species in the large intestine. Wholistic pet organics, Proviable-DC probiotic Digestive health, NutraPet Probiotics, and Active Chews Premium Probiotic are some of the popular prebiotics and probiotics pet supplements available in the market.

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By source, the organic segment is estimated to reach $223.6 million by 2027, at a CAGR of 9.3%, owing to increase in consumer awareness regarding natural and organic pet food products, which has forced manufacturers to shift their focus from synthetic to natural products. In addition, increase in humanization of pets is enabling pet food manufacturers to offer premium products targeted toward pet owners. Pet owners are increasingly buying premium and super-premium supplements, foods, and snacks, as owners treat pet animals like family members. This is attributed to the fact that premium pet supplements are natural, organic, have higher quality, and are safer than regular pet foods. Organic segment is one of the lucrative pet supplement market opportunity for the pet food and supplement manufacturers during the forecast period.

As per distribution channel, the online segment is estimated to reach $159.7 million by 2027, growing at a CAGR of 10.6%. This is attributed to the fact that online stores facilitate easy price comparisons and offer door step delivery. In addition, rise in penetration of various online stores portals in developing countries and increase in number of offers or discounts provided by them attract consumers to purchase pet supplements and pet care products through online stores. Moreover, online stores sales channels have increased the consumer reach, which has evolved as a key source of revenue for many companies. Furthermore, the online stores sales market is expected to expand in the near future, owing to rapid growth in mobile user customer base in emerging markets.

Region wise, Europe has been gaining considerable traction in the pet supplement market, and is expected to grow at a significant CAGR during the forecast period. Significant increase in pet ownership in the European countries, including Russia, Germany, Spain, and Italy; increase in spending power of pet owners; and economic stability are some of the major reasons for pet supplement market growth in Europe.

Furthermore, rise in practices of cross-breeding and innovations in pet care products are motivating people to adopt pets, which is anticipated to favor the growth of the Europe pet supplement market demand during the forecast period.

The players operating in the pet supplement industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Ark Natural Company, Bayer AG. Food Science Corporation, Kemin Industries, Nestle S.A, Novotech Nutraceuticals, Inc., Now Health Group, Inc., Nutramax Laboratories, Inc., and Virbac andZoetis, Inc..

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Key findings of the study

The pet supplement market was valued at $596.8 million in 2019, and is estimated to reach $822.6 million by 2027, growing at a CAGR of 7.3% during the forecast period.
By pet, the others segment is estimated to witness the fastest growth, registering a CAGR of 9.7% during the forecast period.
In 2019, depending on application, the multivitamin segment was valued at $201.1 million, accounting for 33.7% of the global pet supplement market share.
In 2019, the U.S. was the most prominent market in North America, and is projected to reach $224.5 million by 2027, growing at a CAGR of 4.5% during the forecast period.

Last Mile Delivery Market by Service Type, Vehicle Type, Delivery Time, Topography, Global Opportunity Analysis and Industry Forecast, 2018 – 2030

The global last mile delivery market is segmented based on service type, vehicle type, delivery time, topography and region. Based on service type, the market is categorized into Business-to-Business (B2B), Business-to-Consumer (B2C ), and Customer-to-Customer (C2C). Vehicle type is further classified as motorcycle, light commercial vehicle, heavy commercial vehicle, and drones. Delivery time is divided into regular delivery, and same-day delivery. Based on topography, the market is segregated into rural, low density cities, medium-density cities, and high-density cities. Based on region, the last mile delivery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Leading automobile companies are coming up with innovation in the last mile delivery market that are to be commercialized in future. For instance, Volkswagen has started an innovation We, which is now in testing phase in Berlin and is expected to be launched once all the phases of testing are completed. This technology will be launched in partnership with DHL, a leading logistics company, allowing delivery of goods in boot of cars offering a solution for the cases where customer is not present at the time of delivery. In addition, “Vans & Drones” and “Vans & Robots” are projects by Mercedes-Benz in which drones deliver packages to the landing sites or vans roof. This system is developed in partnership with a drone start up company from silicon valley, Matternet.

Factors such as increase in trading activities due to globalization, surge in e-commerce industry operations, and rise in popularity of Omnichannel retailing are driving the growth of last mile delivery market. However, road congestion in urban areas and rise in cost of operation due to high fuel prices is expected to hamper the growth of the market.

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The movement of goods from a distribution center to the end-user which is usually the last delivery destination is known as last mile delivery. The focus of last mile delivery companies is mainly on delivery of good to the end-user as fast as possible. The most efficient and cost-efficient manner of shipping is transportation of goods through rail networks and container ships. However, goods arrive at a high capacity ports, they must be transported to the last destination. This last phase of supply chain is less efficient and comprises major part of total cost to move goods from transportation hub to destination and this problem is termed as Last Mile Problem.

Retailers should take measures to prepare transportation for fluctuations in traffic caused due to expected rise in online sales. Retailers have started the search for alternatives to meet the customers need as traditional methods of delivery are not successful in all the regions. Transportation partners have started looking for delivery alternatives such as local regional carriers, drones, click-to-collect locations, and others, to provide faster last mile delivery.

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The key players of the last mile delivery market analyzed are United Parcel Service of America, Inc., FedEx Corporation, USPS (United States Postal Service), XPO Logistics Inc., DHL International GmbH, Ryder System Inc. / MXD Group, Schneider National Inc., J.B. Hunt Transport Inc., ArcBest Corporation, SEKO Worldwide LLC (SEKO Logistics), and others.

Key Benefits for Last Mile Delivery Market:

This study includes the analytical depiction of the global last mile delivery market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information regarding the key drivers, restraints, and opportunities.

The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.

Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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Last Mile Delivery Market Segmentations:

By Service Type
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Customer-to-Customer (C2C)

By Vehicle Type
Motorcycle
Commercial Vehicles
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Drones

By Delivery Time
Regular delivery
Same-day delivery

By Topography
Rural
Low density cities
Medium density cities
High density cities

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Long Lasting Hand Sanitizer Market Expected to Reach $27.1 Million by 2030-Allied Market Research

Long Lasting Hand Sanitizer Market : Global Opportunity Analysis and Industry Forecast, 2021–2030

According to a new report published by Allied Market Research, titled, “long lasting hand sanitizer market by nature, end user, and distribution channel: global opportunity analysis and industry forecast, 2021–2030,” the global long lasting hand sanitizer market size was valued at $11.8 million in 2020, and is projected reach $21.7 million by 2030, registering a CAGR of -3.4%from 2021 to 2030.

Hands are the major source of transmission of many kinds of bacteria, pathogens, and viruses that can cause different types of diseases. These diseases are caused by transmission of bacteria via hands through touching of eyes, nose, and mouth. These bacteria can cause diarrhea, intestinal problems, and respiratory problems such as COVID-19, which, in turn, drives the demand for hand sanitizers that effectively destroys microorganisms, viruses, and bacteria which cause several health issues. According to the WHO, around 420,000 deaths are reported every year, out of which, approximately 125,000 children under five years of age die due to food-borne illness. As a result, consumers are now becoming cautious regarding hygiene, especially for hands. Hence, consumer inclination toward health & wellness fuels demand for long lasting hand sanitizers, which is expected to accelerate growth of the market.

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Long lasting hand sanitizers are a new addition to the sanitizer market and are made from ingredients that are slightly priced above conventional sanitizers, thus increasing the overall cost of the product for consumers. Conventional hand sanitizers that are made from alcohol are cost-effective and more readily available as compared to long lasting hand sanitizers. They have also been used for a very long period, giving them the benefit of consumer trust. Availability of conventional sanitizers in places such as pharmacy stores, convenience stores, and mom and pop stores makes these conventional sanitizers easily accessible to the consumers, which makes them more attractive thus increasing their sales. Furthermore, there is a limited awareness regarding long lasting hand sanitizers among consumers. Thus ready availability and greater awareness of conventional alcohol hand sanitizers has the potential to create barriers for growth of the long-lasting hand sanitizer market.

The global report is studied on the basis of nature, end user, distribution channel, and region. By nature, the market is segmented into alcohol-based and non-alcohol-based. By end user, it is studied across residential and commercial. On the basis of distribution channel, it is divided into online channels and offline channels.

On the basis of region, the market us studied across North America, Europe, Asia-Pacific, and LAMEA. North America led in terms of market share for 2020, followed by Europe. Novel innovations, extensive advertising and promotion, and increasing awareness regarding the product are expected to propel the market growth. China along with India and South East Asia have lucrative opportunities for the long lasting hand sanitizer players in the coming years.

Key Findings Of The Study

Region wise, North America dominates, in terms of long-lasting hand sanitizer market share, however, Asia-Pacific is anticipated to have the highest CAGR during the forecast period.
Depending on nature, the non-alcohol-based sanitizer dominated the market in 2020, and is expected to maintain the high share during the forecast period

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On the basis of end user, the residential segment had the largest market share, and is expected to continue to dominate the market in the forecast period
As per distribution channel, the offline segment led in terms of market share of the global long lasting hand sanitizer market; however, the online segment is expected to gain good market share during the forecast period.

Some of the major players profiled for in the Long Lasting Hand Sanitizer market analysis include Cage Bio Inc., Esc Brands, LLC, Kea Biotech., Microbe Solutions, LLC, Novalent, Paul Hartmann AG, Resil Chemicals Pvt. Ltd., Scotmas Group, Touch Australia, and Zoono. Other prominent players analyzed in the report are Best Sanitizers, Inc., Gojo Industries, Inc, Henkel Corporation, Kutol Products Company, Inc., Reckitt Benckiser Group Plc, The Himalaya Drug Company, and Unilever Plc.

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Immunosuppressants Market Analysis Insights by Latest Trends, Future Growth, Revenue and Demand

The global immunosuppressants market size was valued at $13,890 million in 2018 and is expected to reach $42,511 million by 2026, registering a CAGR of 14.7% from 2019 to 2026. Immunosuppressants are the drugs that are administered to minimize the chances of organ rejection after transplantation. For almost every individual who receives an organ transplant, immunosuppressants are a must to be taken. This is because immune system reacts to transplanted organs as foreign objects and develops an immune response against it, thereby, destroying the organ and at the same time affect other body parts as well. These drugs prevent hyper immune response of a patient’s body. These drugs are also widely used by patients suffering from auto-immune disorders such as Chron’s disease, irritable bowel disease, and arthritis.

List of Key Players

Comprehensive competitive analysis and profiles of major market players such as Astellas Pharma, Inc., Bristol Myers Squibb, F. Hoffmann La Roche Ltd., GlaxoSmithKline Plc., Intas Pharmaceuticals Ltd., Johnson & Johnson, Mylan Laboratories Inc., Novartis AG, Pfizer, Inc., Sanofi S.A. are provided in this report.

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Significant increase in the incidence of autoimmune disorders including arthritis and multiple sclerosis and rise in adoption of organ donation among individuals are the major factors that drive the immunosuppressant market growth. In addition, surge in government initiatives towards developing programmes for raising awareness related o organ transplantation propels the market growth. For instance, according to European National Health Service (NHS) in 2018, the U.K. government announced the introduction of new plans to change the law for organ and tissue donation to address urgent unmet need for organs within Indian-origin communities in the country. However, high cost of immunosuppressant drugs and side effects associated with them such as diarrhoea, higher susceptibility to infection, nausea, and vomiting are expected to hamper the growth of immunosuppressants market. On the contrary, the increase in use of tissue engineering for generation of implants provides growth opportunities to the immunosuppressant market trends. In addition, rise in disposable income in developing economies and surge in awareness among individuals toward organ donation is anticipated to create lucrative opportunities in the near future.

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By drug class, the calcineurin inhibitors segment accounted for majority of the immunosuppressants market share in 2018 and is expected to exhibit a prominent growth rate in the near future, owing to the fact that it is the most used immunosuppressant drug used after organ transplantation to suppress hyper immune response. The most widely prescribed calcineurin inhibitors drugs include cyclosporine and tacrolimus. This segment is also anticipated to be the fastest growing drug class segment during the forecast period.

By indication, the auto-immune disorder segment dominated the immunosuppressants market in 2018, and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge incidence of auto immune disorders across the globe. For instance, according to national institute of environmental health sciences (NIH), autoimmune diseases are among the most prevalent diseases in the U.S., affecting more than 23.5 million Americans.

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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.

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 the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Mobile Gamma Cameras Market Shows Huge Demand and Future Scope Including Top Players 2026

Mobile gamma cameras market size was $58 million in 2018, and is projected to reach $82 million by 2026, growing at a CAGR of 4.7% from 2019 to 2026. The single-head mobile gamma cameras segment accounted more than two-third of the total mobile gamma cameras market share in 2018.

List of Key Players

The report provides a comprehensive analysis of the key players operating in the global mobile gamma cameras market industry, namely, Dilon Technologies, Inc, General Electric Company (GE Healthcare), Digirad Corporation, DDD-Diagnostic A/S, GAEDE Medizinsysteme GmbH, Adolesco AB, MiE GmbH, Gamma Medica, Inc., Crystal Photonics GmbH, and Oncovision.

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The mobile gamma camera is a functional imaging technique which generates functional scans of the brain, thyroid, lungs, liver, gallbladder, kidneys, and skeleton. Functional imaging is a medical imaging technique of detecting or measuring changes in metabolism, chemical composition, blood flow, and absorption. The mobile gamma camera runs on the principle of radionucleotide and radioactive rays. It is a process of injecting a radionucleotide in the body or organ that is under study and recording the resulting radioactivity by scanning with a gamma camera. Mobile gamma camera system is different from the conventional imaging systems as these are mobile units and can be used bed-side for the diagnosis, thereby eliminating the need to transport the patient.

The mobile gamma cameras market is expected to exhibit significant growth during the forecast period due to the technological advancements in expanding the imaging options and advantages of mobile gamma cameras over traditional gamma cameras. Further, rise in prevalence of chronic diseases in near future are the factors fueling the growth of the global market. However, decline in organ function, hair loss and skin burn of mobile gamma cameras and exposure to a lethal dose of gamma radiation are the factors that hinder the growth of the global mobile gamma cameras market. On the contrary, hybrid or multimodal approaches can help overcome individual weaknesses, which result in advancement of the field of interventional molecular imaging and image-guided surgery.

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Based on product type, the market is categorized into single-head mobile gamma cameras, dual-head mobile gamma cameras, triple-head mobile gamma cameras and handheld mobile gamma camera. The triple-head mobile gamma cameras segment is projected to exhibit the highest growth during the forecast period. This is attributed to the superior quality of the obtained images and increase in incidences of chronic diseases.

North America was the leading revenue contributor to the global mobile gamma cameras market in 2018, and is expected to remain dominant throughout the forecast period. This is attributed to upsurge in incidence of chronic diseases, rise in technological advancements of mobile gamma camera, its nature of non- invasive detection, availability of portable mobile gamma camera, and its high purchasing power.

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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.

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 the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.