Strategic Procurement Insights for Catering Services: 2023-2030 Forecast

Catering Services Category – Procurement Intelligence

The catering service category is expected to grow at a CAGR of 5.8% from 2023 to 2030. The rise of the catering sector is mostly driven by the rising popularity of online catering. New habits are becoming ingrained and the taste for foreign meals is rising as the urban population grows. The worldwide fast-food sector is expanding as a result of a variety of reasons, including changing food preferences, the rise of online ordering and delivery, and an increase in the number of nuclear families. Consumers all around the world are experimenting with various cuisines as a result of exposure to other cultures and lifestyles, which is also opening up new growth potential for the global fast-food business.

Technologies such as food tracking & traceability and smart appliances are used by the companies. Ann Sather uses food tracking and traceability to ensure the safety and qualityof their food and to track the food from the farm to the table, which can prevent foodborne illness. Aramark use smart appliances which helps them to save time and energy as those appliances can be programmed to cook food automatically, and they can also be monitored remotely.

Access the Catering Services Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is highly fragmented with a variety of large and small market players in the sector. To grow their presence and market share, these market players are launching new services and engaging in a number of merger and acquisition activities. There are many minor market participants with sizeable market shares, and it is projected that they will significantly contribute to market expansion during the evaluation year.

Businesses typically use a fixed pricing structure for menu options. For the food and service, there is a set price per participant. This straightforward pricing approach provides clear explanations of the components and associated fixed rates which are unaffected by size, scope, or preferences. This price structure is often used by both independently owned catering companies and restaurants with catering departments. This pricing strategy attracts clients as it is straightforward and sincere. Food and beverage costs make up the bulk of this category’s costs since businesses must buy the ingredients needed to cook food, and the price of those ingredients varies based on the required quality and quantity. Raw material accounts for 40% of the total cost. A catering service’s transportation costs may vary depending on a number of factors, including the distance to be traveled, the size of the event, the type of food being transported, and the time of day.

One of the biggest markets for this type of category is the U.S., where many companies provide services for weddings, business events, and other special occasions. Another significant competitor in this market is the United Kingdom, which has a long history of providing catering for upscale occasions like state banquets and royal weddings. With numerous Michelin-starred chefs, Germany and France are renowned for their excellent cuisine and catering services. This industry is also expanding in China, which is anticipated to have significant growth over the next few years due to shifting consumer preferences and rising income levels.

Catering Services Sourcing Intelligence Highlights

  • There are many small and major businesses operating in various regions, which has led to a highly fragmented category for catering services globally. Players are in intense competition with one another as they try to increase their consumer base and provide better customer experiences.
  • Raw material and transportation & rental costs account for the largest cost component of the catering service business
  • Fluctuations in raw material prices such as vegetables are expected to impact the service prices.
  • Most of the service providers offer complete services such as planning required for destination events, appropriate use & maintenance of equipment like utensils, and others.

Order your copy of the Catering Service Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

List of Key Suppliers in the Catering Services Category

  • Ann Sather
  • Aramark Corporation
  • Aria catering
  • AVI Food Systems
  • Bartlett Mitchell
  • Black Olive Catering
  • Blue Plate
  • CH and Co Catering Group
  • Compass Group
  • Delaware North Companies

Catering Service Procurement Intelligence Report Scope

  • Catering Service Category Growth Rate: CAGR of 5.8% from 2023 to 2030
  • Pricing Growth Outlook: 7% – 9% (Annual)
  • Pricing Models: Fixed price pricing model
  • Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
  • Supplier Selection Criteria: Quality, price, safety measures, cost and value, support and maintenance, regulatory compliance, flexibility, and others
  • Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Advancements in Veterinary Imaging Instrument Sector: Trends and Opportunities from 2023 to 2030

Veterinary Imaging Instrument Industry | Forecast 2030

Grand View Research’s Veterinary Imaging Instrument industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The global market size for the veterinary imaging instrument was estimated at USD 1.44 Billion in 2021 and is anticipated to increase at a CAGR of 5.7% from 2022 to 2030. The market is expected to expand because of the rising pet expenditure, the number of veterinarians in developed countries, and product launches. For instance, the helical fan beam CT system has enabled quicker scanning for routine imaging of the sinuses and teeth in horses, according to the Journal of the American Veterinary Medical Association in 2020. As a result of this quality, the helical fan beam CT system has been accepted by professionals and is currently in use.

Access the Global Veterinary Imaging Instrument Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Moreover, the rising prevalence of cardiovascular disease, arthritis, lameness, and the occurrence of bone injuries in pet population is further anticipated to fuel market growth. North America held the lion’s share in the regional market. However, competition in the emerging market is increasing because nations owe to demand from consumers’ end and veterinary infrastructure development.

Key veterinary imaging equipment manufacturers are adopting strategies such as JV, M&A etc that would provide a wider consumer base and geographic footprint. For instance, Zomedica Corp. highlighted a successful acquisition of Assisi’s LOOP and Calmer Canine product lines as well as assets of Revo2’s imaging products in its Q3 2022 report. The combination of these two product lines would give veterinarians the chance to better care for the animals they treat while also benefiting their clinics financially, ultimately resulting in an increase in business revenue as user adoption of the products rises.

Veterinary X-ray Market Insights

The global veterinary x-ray market size is estimated at USD 654.39 million in 2022 and is expected to grow at a lucrative compound annual growth rate (CAGR) of 6.31% over the forecast period. Demand for veterinary X-rays has increased due to a greater emphasis on animal health innovation, a greater need for diagnostics, increased pet adoption, and increased adoption of radiography in veterinary orthopedics, dentistry, and in several other indications. Furthermore, the increasing incidence of zoonotic diseases has increased the demand for effective diagnostic solutions, which is expected to drive global market growth. Moreover, technological advancements in X-ray diagnostics are further expected to boost adoption. For instance, in September 2022, SK Telecom from Korea launched an AI based diagnosis assistance X-ray service called X Caliber, capable of delivering quick analysis to the veterinarian.

Order your copy of the Free Sample of “Veterinary Imaging Instrument Industry Data Book – Veterinary X-Ray, Veterinary Ultrasound, Animal MRI and Animal/Veterinary CT Imaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

The emergence of covid-19 had an impact on the entire healthcare sector, including veterinary medicine. The covid-19 was found to have slightly halted the growth of the market since several non-essential surgeries are restricted across the globe during the pandemic. Furthermore, strict restrictions on the transportation of individuals and goods led to a restricted patient influx in veterinary centers. Similarly, the shortage of skilled veterinarians, combined with suspended/postponed elective surgeries, significantly disrupted the activities of veterinary facilities, having a slightly negative impact on market providers.

Moreover, the pandemic has risen pet ownership in some countries, resulting in even more animal care delivery, which had increased the demand for veterinary diagnostic testing. For instance, the American Society for the Prevention of Cruelty to Animals (ASPCA) reported in May 2021 that one out of each five families had adopted a cat or dog since the early stages of the COVID-19 pandemic. Adoptions like these during the pandemic brought more attention to companion animal diagnosis and treatment. As a result, it is expected that it will boost the demand for the market during the forecast period.

Go through the table of content of Veterinary Imaging Instrument Industry Data Book to get a better understanding of the Coverage & Scope of the study

Veterinary MRI Market Insights

The global veterinary MRI market size was valued at USD 205.93 million in 2022 and is expected to expand at a lucrative compound annual growth rate (CAGR) of 7.38% from 2023 to 2030. The growth is primarily driven by the increasing pet humanization, technological advancements, initiatives by key companies, and the adoption of pet insurance. For instance, Time Medical Systems based in Hong Kong, offers 4 magnetic resonance imaging (MRI) scanners in the veterinary space namely, Panion Premie, Panion Pro, Panion, and Panion+. Panion for example is a dedicated open veterinary MRI machine that provides affordable diagnostic MR scans for pets.

The COVID-19 pandemic significantly impacted the market with supply chain challenges and dampened demand. However, it also led to increased awareness regarding animal health, an increase in vet visits, and concerns over zoonoses. The overall impact on the market was thus neutral and the sale of veterinary MRIs is anticipated to continue rising in the coming years. In March 2022 Hallmarq Veterinary Imaging, for instance, reported a key milestone of completing 300,000 animal scans using its MRI and CT machines.

Technological advancements are a key driver contributing to market growth. Companies are involved in the R&D of products, product launches, and upgrades to overcome challenges and increase their market share. For example, in November 2022, Hallmarq Veterinary Imaging launched a zero-helium small animal MRI machine in response to the shortage of helium supply, soaring helium prices, and enhanced sustainability. The new machine does not require helium or any additional power to cool the MRI magnet coils. It instead uses vacuum technology and a conduction-based cooling system.

Competitive Landscape

Key players operating in the veterinary imaging instrument market are IDEXX Laboratories, Inc.; Canon Medical Systems Corporation; FUJIFILM Holdings America Corporation, Samsung, Heska Corporation, and Butterfly Network, Inc. Some of the major private participants in the market are Carestream Health; Midmark Corporation; ESAOTE SPA, and SOUND. These players incorporate various strategic initiatives, such as partnerships, sales & marketing activities, mergers & acquisitions, service expansion, integrated offerings, and product launches, to strengthen their market presence.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

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Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

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Emerging Trends and Opportunities in the Customer Relationship Management (CRM) Sector from 2023 to 2030

Customer Relationship Management Industry | Forecast 2030

Grand View Research’s customer relationship management industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Customer relationship management solutions are gaining widespread popularity in diverse industries. As businesses become more customer-centric, the CRM market is expected to witness rapid growth over the forecast period. Ongoing trends such as hyper-personalization of customer service, use of AI and automation, and various customer value models are the key attributes propelling the growth of the segment.

Access the Global Customer Relationship Management Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Moreover, implementing robust social media customer service can help reduce costs, increase response times, improve customer satisfaction, and increase the adoption of CRM platforms across industries. The adoption of CRM software is currently gaining traction in various industries owing to the changing nature of the software in terms of functionalities and features. CRM suites also enable enterprises to gauge business performance and track the sales trajectory, which is turning out to be a lucrative feature for businesses. Salesforce.com’s rapid growth in recent years indicates that cross-sales to existing customers with an installed base for add-ons and upgrades are also contributing to the growth of the market.

Customer Experience Management Market Insights

The global customer experience management market size was valued at USD 12.04 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2023 to 2030. Customer experience management, often called CEM or CXM. The customer experience management software offers businesses a variety of features such as customer feedback management, customer journey mapping, customer analytics and personalized marketing. With customer experience management solutions, companies can better understand their customers, improve the quality of their products and services, and build long-term relationships with customers.

The market growth can be attributed to the mounting importance of understanding customer behavior and their preferences, which drives various brands and organizations to implement customer experience strategies, such as regularly communicating and engaging with customers, developing a long-term programme, and utilizing automation, to provide the best service performance to customers in real-time. The COVID-19 pandemic is likely to influence businesses significantly, suppressing profitability, stifling innovation, and drying up cash flows and financial reserves. The increasing use of digital technology tools is likely to set the pace for digital transformation and digital optimization in both existing and new businesses. These developments are expected to increase the use of cloud technology and work collaboration tools, thereby assisting customer experience management industry growth.

Order your copy of the Free Sample of “Customer Relationship Management Industry Data Book – Customer Experience Management, Customer Self-service Software, Digital Experience Platform, Sales force Automation Software, Sales Training Software, Marketing Automation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Customer Self-service Software Market Insights

The global customer self-service software market size was valued at USD 7.12 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 22.1% from 2020 to 2027. The strong emphasis organizations are putting on delivering instant information as part of the efforts to increase productivity and operating efficiency is anticipated to drive the growth of the market. The eminent need to develop better relationships with customers and enhance the level of customer experience to retain the existing customers and attract new ones is also expected to contribute to the growth. The growing demand from customers for efficient services through multiple touchpoints, such as smartphones and the internet, is particularly expected to prompt enterprises to adopt self-service portals.

Digital Experience Platform Market Insights

The global digital experience platform market size was valued at USD 11.17 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030. The continued integration of the latest technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR), and Machine Learning (ML), into digital experience platform (DXP) solutions, is expected to play a niche role in driving the growth of the DXP market during the forecast period. Digital transformation has gained significant traction in the wake of the outbreak of the COVID-19 pandemic. Several businesses are adopting DXP solutions to ensure business coherence and process optimization. Looking forward, DXP solutions would help teams in learning to collaborate, thereby opening new opportunities for the growth of the digital experience platform market over the forecast period.

Sales Force Automation Software Market Insights

The global sales force automation software market was valued at USD 9.25 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030. The rapidly evolving business landscape, utilizing innovative technologies, has become a strategic requirement for firms seeking to continue being competitive and relevant.  The expansion of the market can be attributed to a combination of factors such as data-driven decision-making, adoption of remote work patterns, and reduced operational cost that collectively promotes its adoption, resulting in greater operational efficiency, improved customer interactions, and competitive advantage.

Go through the table of content of Customer Relationship Management Industry Data Book to get a better understanding of the Coverage & Scope of the study

Sales Training Software Market Insights

The global sales training software market size was valued at USD 1.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 14.0% from 2022 to 2030. The industry growth can be attributed to the rising corporate competition and changing business needs. Small- & Medium-scale Enterprises (SMEs) & large-scale companies are regularly investing in the training of their sales and other teams. Furthermore, the rising adoption of Customer Relationship Management (CRM) software, which provides sales enablement tools to facilitate efficient collaboration with other sales representatives, is creating robust growth opportunities. The COVID-19 pandemic adversely impacted the industry in the first three quarters of 2020.

Marketing Automation Market Insights

The global marketing automation market size was valued at USD 4.06 billion in 2019 and is expected to witness a CAGR of 9.8% from 2020 to 2027. Owing to the digitalization of industries, rising internet penetration, and the use of mobile devices, the demand for automating marketing solutions has been increasing rapidly. Increasing demand for personalized advertising, retention of users for business growth, and the need for informed advertising strategy are some of the major factors expected to drive the growth. Moreover, the rise in the adoption of IoT devices, an increase in big data, and data analytics solutions, and demand for business automation, and insights will propel the market growth.

Competitive Landscape

The market is competitive with the presence of major Adobe Inc., IBM Corporation, Salesforce.com, Inc., Sitecore among others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Strategic Insights into Corn Starch Procurement: Market Overview and Trends

Corn Starch Category Overview

This corn starch category is anticipated to grow at a CAGR of 6.60% from 2023 to 2030. North America is the leading market in this category primarily because of its large consumption of processed and convenient food products which is driven by a growing population and higher disposable incomes. In the Asia-Pacific region, rapid economic expansion and changing consumer lifestyles contribute to the fastest CAGR with China leading the market and India showing the highest growth rate in this category.

The category’s growth is driven by its utilization as a thickening agent in the food industry, usage in garments, cosmetics, and pharmaceuticals, and the increasing demand for bioplastics. It finds extensive adoption in the paper, textiles, and adhesives industries and demand for clean-label starch in the food sector.

Order your copy of the Corn Starch Procurement Intelligence Report, 2023 – 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

This category is highly fragmented with the presence of both global and regional players. Key players in the market employ strategies like acquisitions and new product development to consolidate their positions and optimize their offerings, with a strong emphasis on expanding manufacturing capacity and diversifying product lines. This enables them to meet growing market demand while simultaneously expanding their global presence.

  • In May 2022, ADM a leading company in starch manufacturing has strategically invested in expanding its facility in Marshall, MN aiming to meet the increasing demand for starch products and solidify its market position. This move enables ADM to better serve its customers and enhance its competitive advantage in the starch industry.
  • DFE Pharma, a leading provider of excipients for the pharmaceutical and nutraceutical industries, bolstered its nutraceutical portfolio in January 2022 with the introduction of three new starch-based excipients. The newly launched products include Nutroféli ST100, which is a native maize starch, Nutroféli ST200, a partially pre-gelatinized maize starch, and Nutroféli ST300, a fully gelatinized maize starch. This strategic product expansion enables DFE Pharma to offer a wider range of starch-based excipients to its customers, enhancing its competitiveness and addressing the evolving needs of the nutraceutical industry.

The emergence of biodegradable corn starch plastic granules is a promising technological advancement providing a sustainable and renewable alternative to non-degradable plastics. These innovative granules derived from this category offer similar properties to traditional plastics while being environmentally degradable. Furthermore, new technology has been introduced for the extraction of this category which has revolutionized the production process. By leveraging advanced enzymatic methods, this cutting-edge technology enhances efficiency and sustainability which in turn results in increased productivity and reduced energy consumption. As a result, this category production landscape is set to undergo a transformative change propelled by this technological breakthrough.

Request for Sample Copy of the Corn Starch Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Corn Starch Procurement Intelligence Report scope

The Corn Starch category is expected to have pricing growth outlook of 2% – 4% (annual) from 2023 to 2030, with below pricing models.

  • Cost-based or Market-based Pricing
  • Dynamic Pricing
  • Contract Pricing

Supplier Selection Scope

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence

Supplier selection criteria

  • Quality Assurance
  • Supply Capacity and Reliability
  • Traceability and Transparency
  • Cost Competitiveness
  • Financial Stability

Medical Writing Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Corn Starch Procurement Cost and Supplier Intelligence

The price and cost of this category are influenced by supply, demand, production costs, competition, and customer preferences. The primary cost driver is raw materials with corn and enzymes contributing to over 70% of overall costs. Other significant cost components include corn handling, storage, steeping, germ separation, fiber separation, gluten separation, and starch washing. Approximately 55% of the total corn mass is converted into corn starch, emphasizing the importance of raw material expenses and production steps in determining the cost structure.

While sourcing for this category, it is crucial to adhere to the best practices like ensuring quality, sustainability, and compliance with food rules and regulations. Key practices include thorough supplier verification, traceability, compliance with food regulations, sustainability considerations, quality control, and fostering continuous improvement. Businesses should verify supplier certifications, such as ISO 22000 or HACCP, and prioritize transparency and traceability. Compliance with reputable regulatory bodies like the FDA or EFSA is essential. Sustainability should be promoted through responsible sourcing and environmental practices. Open communication with suppliers facilitates collaboration and continuous enhancement of sourcing practices. These practices considering food rules and regulations ensure high-quality, safe, and sustainability for this category.

Key companies profiled:

Roquette Frères S.A, Archer Daniels Midland Company (ADM), Cargill Inc., Hodgson Mill, Associated British Foods plc, Beteiligungs AG, Tate & Lyle PLC, Ingredion Incorporated, ACH Food Companies, Global Bio-Chem Technology Group.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Advancements in Neurodegenerative Disease Therapeutics: A Comprehensive Review

Neurodegenerative Disease Therapeutics Industry | Forecast 2030

Grand View Research’s neurodegenerative disease therapeutics industry data book is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in two reports and one sector report overview.

The global neurodegenerative disease markets combine to account for USD 8.33 billion revenue in 2021, which is expected to reach USD 28.15 billion by 2030, growing at a cumulative rate of 15.6% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

Access the Global Neurodegenerative Disease Therapeutics Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Parkinson’s Disease Treatment Market Insights

The global Parkinson’s disease treatment market size was valued at USD 4.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2030. The increasing geriatric population, which is exposed to a high risk of developing Parkinson’s Disease (PD), the high burden of PD in western countries, and the strong product pipeline of disease-modifying therapies are anticipated to be major drivers for the industry. According to the International Parkinson and Movement Disorder Society, in 2020, around 9.4 million individuals had PD worldwide. Moreover, PD affects around 1% of the total population over the age of 60 years, which rises to 5% for the population over the age of 85 years.

Moreover, according to a UN report, there were about 727 million people aged 65 years & above globally in 2020. In addition, the number of individuals aged 80 years and above is projected to double by 2050, reaching more than 1.5 billion globally. Hence, the rise in the prevalence of PD has paved the way for key pharmaceutical players to undertake extensive market growth in this sector. The availability of different dosage forms can enable product differentiation for pharmaceutical companies, resulting in greater profits. NeuroDerm is developing ND0612 for the treatment of patients with moderate-to-severe PD, for whom oral medications are no longer effective.

In addition, LY03003 (Rotigotine ER Microsphere) and P2B001 (extended-release (ER) formulations of pramipexole and rasagiline) are currently being developed by Luye Pharma Group and Pharma Two B respectively. Chronic PD requires treatment for a long duration, along with critical care. Treatments of such illnesses require high expenditure. The treatment cost for PD varies depending on the region. According to a research study, the direct annual medical cost per PD patient is estimated to be around USD 10,043 to USD 12,491 in the U.S.; out of this, prescription drugs accounted for around 14-22%. Owing to favorable healthcare policies and reimbursement scenarios in developed countries such as the U.S., the overall cost burden on an individual patient is reduced.

Order your copy of the Free Sample of “Neurodegenerative Disease Therapeutics Industry Data Book – Parkinson’s Disease Treatment and Alzheimer’s Therapeutics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Alzheimer’s Therapeutics Market Insights

The global alzheimer’s therapeutics market size was valued at USD 4.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 19.99% from 2023 to 2030. The rising prevalence of Alzheimer’s Disease (AD) and approval of disease-modifying therapies are expected to fuel market growth. According to the NCBI, in 2021, about 6.2 million people aged 65 and above living in America were suffering from Alzheimer’s disease, which is estimated to increase to around 13.8 million by 2060. Women are more prone to be diagnosed with Alzheimer’s disease than men due to the longer life expectancy of women. Moreover, Alzheimer’s disease is becoming the most common cause of death in neurodegenerative diseases and a common cause of physical disability that require immediate treatment.

The impact of the COVID-19 pandemic on the market was negative due to strict measures undertaken by the government such as lockdown to control infection spread. During the pandemic, the prescription rate for drugs used to treat Alzheimer’s was lowered due to a decline in patient visits to clinics and hospitals for treatment and fear of COVID infection, thereby restraining market growth.

The introduction of new highly sensitive cloud-based cognitive assessment systems will assist pharmaceutical companies in identifying the effects of drugs on patients. This will enable pharmaceutical companies to effectively evaluate the cognitive efficacy and safety of pipeline drugs. For instance, Cambridge Cognition’s Cantab Connect product has been specifically developed to measure the effectiveness of drugs for mild, moderate, and prodromal AD. The adoption of such technology is expected to enhance the chances of product approvals, consequently driving the Alzheimer’s disease treatment market.

The uncertainty, failure, and discontinuation of the clinical trials of Alzheimer’s drugs lead to the availability of limited treatment alternatives. This increases the costs related to research and development. Hence, it is expected to restrain market growth. For instance, Amgen Inc. and Novartis AG discontinued their Phase 2 clinical trial for CNP520 (umibecestat), a BACE1 inhibitor for Alzheimer’s disease, in July 2019, due to the lack of desired results.

Go through the table of content of Neurodegenerative Disease Therapeutics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Competitive rivalry in this market is likely to be high due to increasing number of mergers, acquisitions, and partnerships undertaken by major players globally. Many established and clinical-stage pharmaceutical companies are involved in the development of novel therapies & drugs to target people with unmet clinical needs. Furthermore, the companies are focusing on the development of strategic alliances and research collaborations with competitors. For instance, in January 2022, Mindset Pharma Inc. and McQuade Center for Strategic Research and Development, LLC entered into a partnership to promote the advancement of psychedelic medications.

Some of the key players in the neurodegenerative disease industry are Eisai Co., Ltd., AbbVie Inc. (Allergan Plc.), Merck & Co., Inc., Adamas Pharmaceuticals, Inc., Novartis AG,H. Lundbeck A/S, Cerevel Therapeutics, Biogen, Daiichi Sankyo Company, Limited, F. Hoffmann La Roche Ltd., TauRx Pharmaceuticals Ltd., Johnson & Johnson Services, Inc., AC Immune, Teva Pharmaceutical Industries Ltd., and GlaxoSmithKline plc. (GSK). Key players in the market adopt this strategy to strengthen their product portfolio and offer diverse, technologically advanced, & innovative products to patients. For instance, in August 2022, Knight Therapeutics, Inc. re-launching Exelon (Rivastigmine) developed by Novartis after receiving marketing authorization in Brazil. This launch is expected to boost the Alzheimer’s therapeutics market in Latin America.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Leather Goods Sector Forecasted for Impressive Growth in 2023-2030

Leather Goods Industry | Forecast 2030

Grand View Research’s leather goods industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The leather goods industry is projected to experience growth owing to several factors, including an increase in consumer disposable income, improved living standards, evolving fashion trends, and the rise in domestic and international tourism. The demand for stylish and comfortable leather apparel, leather goods, and accessories is on the rise, driven by growing brand awareness among consumers. These factors collectively contribute to a favorable outlook for the leather goods sector.

Access the Global Leather Goods Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

The growing awareness of fashion among consumers has played a crucial role in driving the demand for leather goods, prompting numerous brands to diversify their product offerings. Not only established labels and brands but also smaller and more affordable manufacturers have gained significance in the leather goods industry. Moreover, startups have emerged to cater to the customization needs of consumers, offering tailored leather products that align with their specific preferences. The market is growing due to rising employment and disposable income. Among footwear options, sneakers have experienced the most significant growth in sales due to the rising demand for fashionable and comfortable shoes. The sneaker segment faces fierce competition, as luxury fashion brands like Balenciaga, Gucci, and Prada have entered the market, competing with well-established athletic brands such as Nike and Puma.

The significant growth in e-commerce retail sales due to factors such as increased consumer spending, expanding population, and improved internet accessibility further created ample growth in the leather goods industry. The online retail industry’s growth is further boosted by the introduction of mobile shopping applications and the availability of secure and convenient payment gateways. Notably, fashion blogs and popular social media platforms like Pinterest and Instagram play a crucial role in shaping fashion trends, thereby positively impacting the leather goods sector.

Order your copy of the Free Sample of “Leather Goods Industry Data Book – Leather Handbags, Small Leather Goods/ Accessories, Leather Apparel, Leather Footwear, Leather Home Decor & Furnishing, Leather Pet Accessories and Leather Automotive Accessories Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Leather Footwear Market Insights

The global leather footwear market size was valued at USD 166.53 billion in 2018 and is expected to grow with a CAGR of 2.8% from 2019 to 2025. The growth is attributed to the growing working-class population, rising income among consumers, flourishing retail e-commerce sector worldwide, growing fashion trends in business wear. Leather shoes are durable and provide an elegant look making it popular among various consumers. The breathable features of real leather which can cool down the feet and avoid unwanted odors is also driving the growth of the product in the market.

Leather footwear market is closely aligned with consumer spending on fashion accessories. Rapid growth in the spending on fashion accessories due to growing influence of social media is driving the market. Recent changes in consumer shopping trends and increasing propensity toward buying high-end and designer shoes are estimated to trigger the growth. Demand for trendy, fancy, and comfortable footwear is driving the demand.

Leather shoes are widely accepted as a premium product. Introduction of new products by numerous brands has been driving the market growth. High adoption of the products even in areas with relatively warmer climates is anticipated to drive growth. As the demand for flexible and lightweight products is growing at a rapid rate, numerous innovations and technological advancements help surge the product demand. Leather footwear have high durability and stand strong even in heavy duty work along with casual, designer shoes and can be used for both indoor and outdoor applications, making it more popular among consumers.

Availability of counterfeit footwear made from synthetic leather developed by local manufactures is restraining the growth. Growing alternatives like synthetic and vegan leather are also likely to posing a challenge for growth. Leather footwear costs more on an average than any other type of footwear which act as a major restrain in the cost centric countries. Consumers sensitive to animal slaughtering and aware regarding animal ethics and rights are also hindering the growth.

Go through the table of content of Leather Goods Industry Data Book to get a better understanding of the Coverage & Scope of the study

Leather Home Decor and Furnishing Market Insights

Increasing expenditure of people on home furnishing and renovation has been a factor driving the leather home decor & furnishing market growth. According to the International Monetary Fund, the global housing market has been steadily climbing up as of 2022. Another important factor is the housing index, which reflects changing prices of residential properties. The leather furniture segment includes a diverse range of products like dining sets, rocking chairs, and recliner chairs. The market for leather furniture involves a myriad range of regional and domestic manufacturers globally, and each player, to create a unique position in the market and to sustain customers, has been focusing on continuous product evolutions.

Rising consumer inclination towards luxury decorative products, along with an increasing number of houses being purchased or rented every year, is influencing the growth of the segment. Similarly, the demand for leather tabletop products such as desk organizers, remote holders, and stackable holders that are used often has also been influencing the market positively. Leather-made hanging storage has become a major design element in houses with shifting consumer preferences. Moreover, it is suitable in the living room, dining room, and kitchen, which has propelled the product demand. Manufacturers and interior designers involved in making home artifacts offer aesthetically appealing styles, patterns, textures, and comfortable storage products for homes and offices with contemporary looks and designs.

Competitive Insights

The presence of numerous well-established companies such as Adidas AG; Nike, Inc.; Puma SE; Fila, Inc.; New Balance Athletics, Inc.; Knoll, Inc.; and Samsonite International S.A. characterizes the leather goods market. These manufacturers are expected to experience growth opportunities driven by the increasing demand for leather goods, particularly in emerging economies spanning North America, Europe, Asia Pacific, and Central & South America.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Unlocking Growth Opportunities in Pressure Vessels Procurement: Insights for 2023-2030

Pressure Vessels Category Overview

The global pressure vessels category is anticipated to grow at a CAGR of 3.8% from 2023 to 2030. Growth of the category can be attributed to rising industrialization, growing energy demand, rising adoption of supercritical power generation technologies, rise of chemical & petrochemical sectors, and stringent government regulations & policies for safely transfer of gases and chemicals. The product offered in the category witnesses significant application in chemical & petrochemical sector.Pressure vessels are required for a variety of processing operations in the sector, such as chemical storage, mixing, distillation, and chemical reactions.The demand for novel, tailored compounds that fulfil certain needs and provide improved functionality is what is causing this change. However, high cost involved in the manufacturing and maintenance of pressure vessels as it requires specialized design & engineering would hinder the growth of the global category.

Order your copy of the Pressure Vessels Procurement Intelligence Report, 2023 – 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Key technologies that are transforming the manufacturing of pressure vessels include artificial intelligence (AI), 3D printing, robotics & automation, industry internet of things (IIoT), and augmented reality (AR). AI’s ability to evaluate enormous volumes of data in real-time is one of the most important advantages for manufacturing.AI algorithms can swiftly process and analyze data to detect patterns and trends, assisting manufacturers in understanding how production processes are operating. This is made possible by Industrial Internet of Things (IIoT) devices and sensors that gather data from machines, equipment, and production lines. 3D printing (also known as additive manufacturing), on the other hand, has altered the way businesses design, prototype, and produce goods. It enables manufacturers to cut production time & costs and developcomplicated geometries in a single step. In addition, it also enables manufacturers in producing spare parts as needed, which lowers the requirement for big inventories and boosts supply chain effectiveness.

Pressure Vessels Procurement Intelligence Report Scope

The Pressure Vessels category is expected to have pricing growth outlook of 5% – 10% (annual) from 2023 to 2030, with below pricing models.

  • Cost-plus pricing
  • Fixed pricing

Supplier Selection Scope

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence

Supplier Selection Criteria

  • Geographic Service Provision
  • Years In Service
  • Certifications
  • Type Of Product (Boiler / Separator / Reactor / Others)
  • Application (Storage Vessel / Processing Vessel / Others)
  • Product Heat Source (Fired / Unfired)
  • Pressure Handling Capability
  • Technical Support
  • Regulatory Compliance
  • Others

Pressure Vessels Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Request for Sample Copy of the Pressure Vessels Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Pressure Vessels Procurement Cost and Supplier Intelligence

The category for pressure vessels exhibits a fragmented landscape, with the presence of large number of global and regional small-scale and large-scale market players. Players in the industry are making significant investments in research & developments to enhance their product portfolio which will support the growth of global category. In addition, they are adopting a wide range of strategic initiatives to increase their market share, such as introduction of new products, mergers and acquisitions, contract-based agreements, and joint ventures. Furthermore, in order to reduce operational expenses and benefit their client, the players are opting the strategy of manufacturing locally. The category possesses low threat of new entrants as manufacturing pressure vessels require significant initial investments, team of skilled workforce, and constant pressure of increased raw material prices as the raw materials are commodities which are typically volatile to market conditions.

Cost of raw materials (steel, aluminium, nickel, titanium, etc.), labor costs, energy costs, and transportation costs are the key components of this category. Prices of raw materials, particularly steel or aluminium directly impacts the price of pressure vessels since the prices of these commodities are volatile and keeps on fluctuating, thus influencing the cost of production. In addition, besides the price of raw materials, the cost of production also gets affected by factors such as location of the manufacturing facility, quality control measures, regulatory compliance, design complexity, and size. To arrive at a cost estimate that complies with project specifications and safety regulations, manufacturers and project planners carefully weigh these elements and collaborate closely with skilled engineers and fabricators. The price for smaller vessels range between USD 9,500 – USD 39,500, whereas the price for larger vessels range between USD 99,500 – USD 999,500.

Asia-Pacific region dominates the global pressure vessels category, holding over 37.1% of global market share. The region is witnessing significant growth owing to the substantial investments being made by the business enterprises and the governments in refining and power sector which makes high demand for product offered in the category. In addition, nations such as India and China have several upcoming and ongoing projects that require the usage of industry products. For instance, the growth rate for the demand of power in India is anticipated to be doubled in the next 4 – 5 years. Closing the gap between the region’s consumption and demand for energy is the driving force behind these projects. Assessing if a supplier can offer the vessel made by the required material to meet the end-use application, evaluating if the design of the vessel offered by a specific supplier can withstand rigorous usage, reviewing the documents to ensure that the product adheres to the quality standards set be certification authorities, and comparing the prices offered by multiple suppliers are some of the best sourcing practices considered in this category.

Key Companies Profiled

Äager GmbH, Alfa Laval Corporate AB, ANDRITZ AG, Babcock & Wilcox Enterprises, Inc., Doosan Enerbility Co., Ltd., Frames Group B.V., GEA Group AG, General Electric Company, Hitachi Zosen Corporation, IHI Plant Services Corporation, Larsen & Toubro Limited, and Samuel, Son & Co., Ltd.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Advancements in Cell Culture Technology Propel Industry Growth in 2023-2030

Cell Culture Industry | Forecast 2030

Grand View Research’s Cell Culture Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in four reports and one sector report overview.

Cell Culture industry data book is a combination of the market data from four reports namely, cell culture, cell culture media, 3D cell culture, and primary cell culture market. Cell culture market was valued at USD 21.05 Billion in 2021 with CAGR of 11.86% during 2022-2030. Cell culture media market and primary cell culture market are also growing at the CAGR of 12.13% and 10.66% respectively.

Access the Global Cell Culture Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Advancements in these techniques such as 3D cell culture and its growing adoption for biopharmaceuticals manufacturing, tissue engineering, and drug development applications are projected to boost the demand for cell culture products. Also, large number of oncology focused research trials and broadening scope of gene therapy applications are also expected to drive the market growth. In addition, development in regenerative medicine market space and high unmet medical needs in emerging markets are expected to drive the adoption of cell culture technologies. The combination bundle of these reports is designed to provide a holistic view of these highly dynamic market spaces in this industry.

Cell Culture Market Insights

The global cell culture market size was estimated at USD 16.59 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.32% from 2023 to 2030. Its growth can be attributed to the rapid adoption of cell culture techniques to develop substrates for the safe production of viral vaccines, and the rising global demand for advanced therapy medicinal products. Furthermore, novel three-dimensional cell culture techniques and the growing need for them in biopharmaceutical development & vaccine production are expected to drive the market growth over the forecast period. The COVID-19 pandemic has presented researchers with the opportunity to investigate the novel contagious virus for the creation of therapeutic and diagnostic tools.

Order your copy of the Free Sample of “Cell Culture Industry Data Book – Cell Culture, Cell Culture Media, 3D Cell Culture, Primary Cell Culture Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Cell Culture Media Market Insights

The global cell culture media market size was estimated at USD 4.73 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.54% from 2024 to 2030. Cell culture media is generally a gel or liquid including compounds required to regulate and support the growth of cells or microorganisms used in the manufacturing of biopharmaceuticals. Culture media is a critical ingredient in biopharmaceutical manufacturing, aiding the growth of cells, and is the fastest-growing segment within this market. This growth is mainly driven by growing demand for biopharmaceuticals, favorable governmental policies, and increasing investment in R&D.

3D Cell Culture Market Insights

The global 3D cell culture market size was estimated at USD 1.57 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 11.22% from 2024 to 2030. The growth of the market can be attributed to the rising efforts to develop potential alternatives to animal-based testing and the availability of funding programs for research. Moreover, consistent efforts in R&D activities by biopharmaceutical companies for drug development & discovery, and emphasis on the adoption of 3D cell cultures in cancer research are other factors anticipated to fuel market growth over the projected period. Animal models are largely used in cellular-based studies for studying the outlook of various diseases. However, they carry several demerits such as a lack of response accuracy, differences in response from different species, etc. Thus, to manage these issues, various government organizations are involved in promoting alternative ways for drug development.

Go through the table of content of Cell Culture Industry Data Book to get a better understanding of the Coverage & Scope of the study

Primary Cell Culture Market Insights

The global primary cell culture market size was estimated at USD 4.87 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2030. The market growth can be primarily attributed to the increasing prevalence of chronic conditions, such as cancer, infections, autoimmune diseases, diabetes mellitus, cardiovascular diseases, and neprological diseases. This has led to an increase in research, facilitating the high adoption of primary cell cultures.

Furthermore, the growing need for primary cell culture is being driven by increased research to find novel treatments. Cancer is becoming increasingly prevalent all across the world. According to WHO projections, the number of cancer deaths worldwide will continue to climb and will reach over 17 billion by 2030. Moreover, as per American Cancer Society (ACS) Journals published in February 2021, there are 19.3 million cancer cases worldwide, and 10.0 million new cancer cases were recorded in 2020. A rapid growth in incidence of cancer across the globe will lead to an increased demand for novel therapeutics, hence anticipated to propel market growth.

Competitive Landscape

Competitive rivalry in the cell culture industry is high due to the presence of a large number of both well-established players and small- to mid-sized companies as well as CROs in the market space. Some of the major players are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Sartorius AG, Eppendorf AG, Merck KGaA, Becton, Dickinson and Company, PromoCell GmbH, and Lonza Group AG among many others. These market players are involved in the manufacturing of various products associated with this industry including cell media, reagents, consumables, and equipment along with certain services.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Follow Us: LinkedIn | Twitter

Growing Demand Drives Personal Protective Equipment Industry Towards Success in 2023-2030

Personal Protective Equipment Industry | Forecast 2030

Grand View Research’s personal protective equipment industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

The economic value generated by the personal protective equipment market was estimated at approximately USD 91.55 billion in 2021. Increasing awareness towards employee health and safety coupled with rising industrial fatalities in emerging economies due to lack of protective gear is expected to drive market growth over the forecast period.

Access the Global Personal Protective Equipment Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Occupational safety regulations play a major role in driving the personal protective equipment (PPE) market. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive demand for personal protective equipment. These regulations mention the type of personal protective equipment required for protection during different industrial or commercial processes.

Hand Protection Equipment Market Insights

The global hand protection equipment market size was estimated at USD 29.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. The rising demand is attributed to the increasing concerns about hand hygiene and the product’s efficiency in limiting the spread of COVID-19 in various end-use industries. The onset of the second wave of COVID-19 led to the shortage of hand protection equipment in hospitals and other sectors, such as manufacturing and construction. Various manufacturers started expanding their production at the end of 2020, thereby eliminating the demand-supply gap.

Economies that have been hit hard by the COVID-19 pandemic, such as the United States, have implemented specific regulations like the Defense Production Act (DPA), which provides local enterprises the duty of manufacturing hand protective equipment for healthcare professionals. Strict government regulations regarding the health and safety of doctors, nurses, and working professionals, coupled with a rise in COVID-19 cases, have prompted workers to use these products for protection against any kind of health hazards and healthcare-associated infections. Several government authorities, such as the Centers for Disease Control and Prevention, issued guidelines regarding the use of sterile barrier precautions, such as the use of hand protection equipment.

Order your copy of the Free Sample of “Personal Protective Equipment Industry Data Book – Hand Protection Equipment, Fall Protection and Respiratory Protection Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Fall Protection Market Insights

The global fall protection market size was estimated at USD 2.9 billion in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030. The growth of the market can be attributed to the surge in awareness regarding workplace safety, presence of stringent workplace safety regulations, and increase in emphasis on employee wellbeing. Industries such as construction, manufacturing, and oil & gas have been pivotal in fueling the demand for different fall protection systems globally.

Moreover, the dynamic nature of the market is characterized by the necessity for continuous innovations and strict adherence to evolving regulatory mandates. Notably, pivotal standards in the market are delineated by both, American National Standards Institute (ANSI) and The Occupational Safety and Health Administration (OSHA). Specifically, fall protection systems in roofing operations must be developed in alignment with the specifications of ANSI Z359.16, as well as OSHA 1910.140 and 1926.502.

Go through the table of content of Personal Protective Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Industrial Protective Clothing Market Insights

The global industrial protective clothing market size was valued at USD 18.35 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.Rising awareness regarding the importance of preventing work-related fatal accidents is likely to propel market growth. Governments globally have made the wearing of industrial protective clothing essential in order to limit infection risks. Owing to the COVID-19 pandemic, healthcare professionals prefer industrial protective clothing to safeguard their health, thus driving their demand. Increased onshore and offshore drilling operations, as well as increased shale gas production in the U.S., are factors expected to boost industrial protective clothing demand to protect personnel from workplace hazards.

Improvements in government initiatives to make the U.S. more energy-independent are expected to increase local shale output even further. The U.S. is one of the world’s largest producers of chemicals and pharmaceuticals. Furthermore, the country has a large workforce involved in oil and gas activities, which necessitates the use of high-quality protective apparel. The existence of regulating organizations such as the Occupational Safety and Health Administration (OSHA) along with severe labor rules is expected to boost market expansion in the country.

Competitive Insights

Major players in the personal protective equipment market include 3M, Honeywell International, Lakeland Industries Inc., DuPont, Uvex safety, Mine Safety Appliances (MSA) Company, Kimberly-Clark Corporation, Radians, and Gateway Safety, Inc. The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Follow Us: LinkedIn | Twitter

New Report Highlights Agrochemical Procurement Trends and Strategies for 2023-2030

Agrochemicals Category Overview

The agrochemical category is expected to grow at a CAGR of 3.4% from 2023 to 2030. Increasing agricultural productivity on currently used agricultural land is crucial to feeding the world’s population. Agrochemicals are therefore crucial to the agricultural sector and aid farmers in increasing the quantity and quality of their harvests. The primary factor driving the expansion of agrochemicals is the rising need for food as a result of population growth.

Agrochemicals harm the ecology when utilized in higher doses, which causes surface water pollution. As a result, the production of bio-based fertilizers and pesticides has created numerous new market opportunities for major agrochemical category participants. In an effort to boost their reputations and win over clients who are concerned about sustainability, Corteva, and BASF are making bio-based fertilizers. As the market for bio-based fertilizers expands globally, manufacturers are in a good position to profit from it and increase their market share. Marrone Bio Innovations is one of the leading player in the global bio-pesticides market. The company’s net sales increased by 45% driven by strong demand for bio-based pest management.

Order your copy of the Agrochemicals Procurement Intelligence Report, 2023 – 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The individual requirements of the client will determine whether agrochemicals can be used in the procurement process. The sorts of crops grown in the location, the soil conditions, and the pests and diseases common there are some variables that may affect the choice to purchase agrochemicals.

This category makes use of cutting-edge technologies like biotechnology and precision farming. Corteva is utilizing biotechnology to create genetically engineered crops that are less dependent on chemical pesticides and more resistant to pests. By monitoring data on soil, weather, and other factors to identify the best time for planting and harvesting crops, BASF uses precision technology to maximize agricultural yield. After applying precision farming, the average production grew by 8%, the cost of inputs was reduced by up to 20%, and the sale level increased by 7%.

Agrochemicals Procurement Intelligence Report Scope

The Agrochemicals category is expected to have pricing growth outlook of 11% – 13% (annual) from 2023 to 2030, with below pricing models.

  • Cost-plus pricing model
  • market-based pricing methods

Supplier Selection Scope of Report                               

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence

Supplier selection criteria of Report

  • Ability to maintain the agricultural ecosystem
  • treatment (fungicide, growth regulators)
  • active ingredients (natural, bio stimulants)
  • formulation
  • precision farming
  • biotechnology
  • technical specifications
  • operational capabilities
  • regulatory standards and mandates
  • category innovations
  • others

Agrochemicals Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Agrochemicals Procurement Cost and Supplier Intelligence

Typically, businesses use cost-plus or market-based pricing methods. In the cost-plus pricing model, prices are set using the cost of production plus a markup to account for profit and overhead. The market-based pricing model, on the other hand, bases price determination on supply and demand factors. When the market is favourable, this method enables businesses to increase their profit margin while still keeping them competitive in unfavourable situations.

The total cost of manufacturing includes the price of labor, raw materials, and other costs. Raw materials such as phosphoric acid, nitrogen, and potassium are used in this category. In North America, the price of phosphoric acid fell from USD 1290/MT to 1190/MT in the first quarter of 2023. Price also declined in the Asia-Pacific region from USD 1495/MT to USD 1335/MT in the first quarter of 2023. The price of nitrogen was estimated to be around USD 785/MT in 2022 in North America. At the end of 2022, the price of nitrogen in the Indian market was USD 188/MT.

China exports of pesticides currently make up about 30% of the global market, with a 10% increase and USD 11.5 billion in value. India is the world’s second-largest exporter, with USD 5.7 billion in exports. The nation has a sizable manufacturing sector and is renowned for creating goods of excellent quality at low costs.                                           

The agrochemicals category is highly fragmented and competitive since it is made up of so many small and medium-sized businesses. A persistent desire for innovation and cost-cutting has resulted in fierce rivalry. Additionally, this industry is heavily regulated, which makes it difficult for new businesses to enter. As a result, larger businesses are acquiring niche or regional players to gain access to new markets and goods. Farmers and other agrochemical users have benefited from the wide variety of products made possible by the market’s fragmentation.

List of Key Suppliers

  • BASF
  • Corteva
  • Bayer
  • FMC
  • UPL
  • Syngenta
  • Adama Agricultural Solution
  • Nufarm
  • PI Industries

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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