Global Market Business Research Reports: February 2024

Thursday, February 29, 2024

SCM Software Market Overview 2024-2033 – Competitive Landscape and Strategies

The SCM Software by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The SCM Software Market:
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According to The Business Research Company’s SCM Software, The scm software market size has grown rapidly in recent years. It will grow from $36.72 billion in 2023 to $43.26 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to emerging markets growth, an increasing demand for scm software due to covid-19 and an increased internet penetration.

The scm software market size is expected to see rapid growth in the next few years. It will grow to $83.74 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to rising utilization of cloud computing, a growing e-commerce industry and cost savings due to scm software. Major trends in the forecast period include focus on artificial intelligence in scm, product innovations, focus on supply-chain technology management in business operations, sustainability solutions, use of blockchain in supply chain management, use of digital supply chain twin (dsct), use of 5g technology, focus on continuous intelligence (ci), focus on supply chain governance and security and focus on partnerships and collaborations.

SCM software’s can manage the complexities of the modern-day supply chain. With businesses going global and increased competition, the supply chains are getting complex. The number of suppliers, orders received/completed, variety of product offerings, information generated etc. all have increased substantially. Using SCM software, the complexity can be reduced along with cost and resource savings. The need for companies to remain relevant in the market amidst the highly competitive conditions is a crucial driver for the growth of the SCM software market.

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The scm software market covered in this report is segmented –

1) By Product: Transportation Management System, Warehouse Management System, Supply Chain Planning, Procurement Software, Manufacturing Execution System
2) By Industrial Vertical: Consumer Goods, Healthcare And Pharmaceuticals, Food And Beverages, Transportation And Logistics, Other Industrial Verticals
3) By User Type: Small And Medium-Sized Enterprises (SMES), Large Enterprises

Supply chains are continuously evolving with data at the center of every stage in the value chain. With a huge amount of data generated, there is an enormous challenge in the form of data and IT security risks. Protecting the privacy and still sharing data across the supply chain is a major challenge which could become a roadblock for the SCM software industry. The Target breach was caused by lax security at an HVAC vendor wherein personal information of as many as 70 million people was compromised. The information stolen included customer names, credit or debit card number, the card’s expiration date and CVV number.

The scm software market report table of contents includes:
1. Executive Summary

2. SCM Software Market Characteristics

3. SCM Software Market Trends And Strategies

4. SCM Software Market - Macro Economic Scenario

5. Global SCM Software Market Size and Growth
.
32. Global SCM Software Market Competitive Benchmarking

33. Global SCM Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The SCM Software Market

35. SCM Software Market Future Outlook and Potential Analysis

36. Appendix

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Global School And Employee Bus Services Market Report 2024: Growth Rate, Major Segments And Regions

The School And Employee Bus Services by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s School And Employee Bus Services, The school and employee bus services market size has grown strongly in recent years. It will grow from $58.3 billion in 2023 to $63.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, low interest rate environment, rapid urbanization, and lifestyle changes and increased safety threats.

The school and employee bus services market size is expected to see strong growth in the next few years. It will grow to $89.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rising population, technological advances, emphasis on cutting carbon emissions, and increasing number of corporates and new educational institutes. Major trends in the forecast period include integration of usb, wi-fi and large screen displays on buses, increase in bus safety features, investments in electric buses, installing hybrid buses, implementation of advanced technologies, and mergers & acquisitions.

Increasing enrolment of children in schools is expected to propel the growth of school and employee bus services market. Enrolling children in school involves the formal registration of a child to attend an educational institution and making choices about the courses or activities they will be involved in. The utilization of school bus services is affected by the quantity of children who have been enrolled in schools. For instance, in June 2022 Texas Education Agency, a US-based division of Research and Analysis Office of Operations stated that during the 2021-22 academic year, Texas public schools had an enrollment of 5,427,370 students, which marked a growth of 55,784 students, equivalent to a 1.0% increase compared to the previous 2020-21 school year. Therefore, increasing enrolment of children in schools is expected to propel the growth of school and employee bus services market.

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The school and employee bus services market covered in this report is segmented –
1) By Type: Students Bus Services, Employee Bus Services
2) By Ownership: Company Owned Transportation Service, Outsourced Transportation Service, Rentals, Pick and Drop Transportation Service
3) By Service Type: Mobility as a Service (MaaS), Software as a Service (SaaS)

Technological advancements are a key trend gaining popularity in the school and employee bus services market. Major companies operating in the school and employee bus services market are undergoing partnerships to develop new innovative technologies to provide reliable services to the customers. For instance, in March 2023, Lynchburg City Schools, a US-based company that provides academic environment and learning, launched Traversa Ride 360. It is a specially created smartphone app and website that allows parents to track their child's bus whereabouts in real time, view the child's bus routes, and receive warnings about delays and changes. It enables the bus drivers to use tablets to check that every student is present and that they are boarding and disembarking at the appropriate stops.

The school and employee bus services market report table of contents includes:
1. Executive Summary

2. School And Employee Bus Services Market Characteristics

3. School And Employee Bus Services Product/Service Analysis -Product/Service Examples

4. School And Employee Bus Services Market Trends And Strategies

5. School And Employee Bus Services Market - Macro Economic Scenario
.
68. Global School And Employee Bus Services Market Competitive Benchmarking

69. Global School And Employee Bus Services Market Competitive Dashboard

70. Key Mergers And Acquisitions In The School And Employee Bus Services Market

71. School And Employee Bus Services Market Future Outlook and Potential Analysis

72. Appendix

Satellites Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Satellites by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Satellites Market:
https://www.thebusinessresearchcompany.com/report/satellites-global-market-report

According to The Business Research Company’s Satellites, The satellites market size has grown strongly in recent years. It will grow from $28.11 billion in 2023 to $30.04 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increasing investments in satellites, launch of advanced low earth orbit satellites, and increase in technology development.

The satellites market size is expected to see strong growth in the next few years. It will grow to $36.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing adoption of low earth orbit satellites in various sectors, increasing use of lightweight materials, robust government support, growing demand for telecommunication, and increasing investments. Major trends in the forecast period include small satellites systems, use of artificial intelligence, use of 3d printing, growing advancement in payload systems, focus on advanced ground systems and strategic collaborations and acquisitions.

During the forecast period, the increase in demand for Direct-To-Home (DTH) television services contributed to the growth of the satellite market. The DTH (Direct to Home) service is basically a digital satellite service that delivers satellite television programming promptly to a subscriber’s home. As per the Telecom Regulatory Authority of India (TRAI) Quarterly Indicator Report, in Q3 of 2022, the total active subscriber base of Pay DTH increased from 65.58 million in September 2022 to 66.62 million in December 2022. Since DTH (Direct to Home) service employs wireless technology, the television programs are transmitted to the subscriber’s television directly from the satellite, which in turn drove the demand for satellites, thereby generating revenue for the growth of the global satellites market.

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The satellites market covered in this report is segmented –
1) By Type: Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
2) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geosynchronous Orbit (GEO), Elliptical Orbit
3) By Application: Scientific Research, Technology Demonstration And Verification, Earth Observation And Remote Sensing, Communication, Other Applications
4) By End User: Commercial, Civil, Government, Military, Other End Users

The launch of hybrid DTH set-top boxes is gaining popularity in the satellites market. The hybrid set-top boxes are something that surfaced because of DTH operators trying to bring online content to TV screens. For instance, in April 2023, Bharti Airtel Limited, an India-based telecommunications services company, launched X-stream, Hybrid Android set-top box. The new Airtel Xstream Box with Android 10 is a good option for users who are looking for an affordable streaming device with the latest features. The Xstream Box is also Chromecast-enabled, so users can cast content from their smartphone or tablet to their TV.

The satellites market report table of contents includes:
1. Executive Summary

2. Satellites Market Characteristics

3. Satellites Market Trends And Strategies

4. Satellites Market - Macro Economic Scenario

5. Global Satellites Market Size and Growth
.
32. Global Satellites Market Competitive Benchmarking

33. Global Satellites Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Satellites Market

35. Satellites Market Future Outlook and Potential Analysis

36. Appendix

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Wednesday, February 28, 2024

Insurance Brokers Market Overview 2024-2033 – Competitive Landscape and Strategies

The Insurance Brokers by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Insurance Brokers, The insurance brokers market size has grown strongly in recent years. It will grow from $100.7 billion in 2023 to $105.81 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, government led insurance reforms, increasing healthcare costs, and impact of covid-19.

The insurance brokers market size is expected to see steady growth in the next few years. It will grow to $127.88 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to an increase in chronic diseases and disabilities, growth of the middle-class in emerging markets, and increasing mergers and acquisitions. Major trends in the forecast period include technologies to aid automation of insurance, adaption of insurance portals and digital distribution channels for efficiency, entry of nontraditional firms in the insurance brokers market, and increasing mergers and acquisitions.

The increasing demand for insurance policies is expected to fuel the growth of the insurance brokers market over the forecast period. The demand for insurance policies has risen due to the availability of security services and customized financial services to clients. According to the Insurance Regulatory and Development Authority (IRDAI) of India, the Life Insurance Corporation of India sold 2.17 crore insurance policies in the fiscal year 2021-2022 which was an 3.54% increase from previous year’s 2.10 crore policies. Therefore, the increasing demand for insurance policies drives the growth of the insurance brokerage market.

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The insurance brokers market covered in this report is segmented –
1) By Type: Life Insurance, General Insurance, Health Insurance, Other Types
2) By Mode: Offline, Online
3) By End User: Corporate, Individuals

The integration of artificial intelligence (AI) in the insurance sector is a key trend gaining popularity in the insurance brokers market. The combined power of artificial intelligence (AI) and human creativity enables the Intelligent Broker, an automation programme for the insurance industry. Brokers will be able to resolve complicated obstacles, produce innovative products and services, and join or build new markets. In addition to this, AI in the insurance industry will improve customer service and prevent customers from fraud. In 2021, 60% of the insurance companies are targeting AI to be used in decision making and to reduce manual input, which has doubled in the last two years.

The insurance brokers market report table of contents includes:
1. Executive Summary

Insurance Brokers Market Characteristics
Insurance Brokers Market Trends And Strategies
Insurance Brokers Market - Macro Economic Scenario
Global Insurance Brokers Market Size and Growth
.
Global Insurance Brokers Market Competitive Benchmarking
Global Insurance Brokers Market Competitive Dashboard
Key Mergers And Acquisitions In The Insurance Brokers Market
Insurance Brokers Market Future Outlook and Potential Analysis
Appendix

Insulin Drugs Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Insulin Drugs by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Insulin Drugs Market:
https://www.thebusinessresearchcompany.com/report/insulin-drugs-global-market-report

According to The Business Research Company’s Insulin Drugs, The insulin drugs market size has grown rapidly in recent years. It will grow from $31.09 billion in 2023 to $34.6 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increase in diabetes prevalence, emerging markets growth, increased geriatric population and growth in insulin analogues.

The insulin drugs market size is expected to see rapid growth in the next few years. It will grow to $51.81 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to the increase in disease burden, government initiatives and increase in r&d and collaborations. Major trends in the forecast period include launching new products to increase their product offerings, expanding product portfolio and business through mergers and acquisitions, adopting strategic partnerships to promote product offerings, investing more in research and development towards developing new insulin delivery methods, investing in advanced solutions to reduce r&d costs and save development time.

Changing lifestyles are leading to a higher prevalence of diabetes. This is expected to drive the demand for diabetes drugs during the forecast period. Long working hours, less physical activity, and unhealthy eating and drinking habits are major causes of diabetes. According to a study, there was a high prevalence of diabetes in people with sedentary lifestyles. Additionally, people suffering from obesity are up to 80 times more likely to develop type 2 diabetes. According to a World Health Organization (WHO) report, 74% of men and 64% of women in the UK, for instance, are expected to be overweight by 2030. These factors are expected to increase the patient pool of diabetes, thereby likely to drive the diabetes therapies market during the forecast period.

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The insulin drugs market covered in this report is segmented –

1) By Product Type: Basal Or Long-Acting Insulins, Bolus Or Fast-Acting Insulins, Pre-Mixed, And Intermediate And Short Acting Insulins
2) By Source Type: Insulin Analogs, And Human Insulin
4) By Drug Classification: Branded Drugs, And Generic Drugs
3) By Application: Type 2 Diabetes, Type 1 Diabetes, And Gestational Diabetes
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, And Online

There is an increasing trend of mergers and acquisitions for new formulations in the Insulin market and companies are investing in the development of new medicines in the insulin drugs market. For example, researchers at Lund University Diabetes Centre in Sweden, worked on CRISPR, a genome modification tool. This resulted in the turning off of one of the genes which were responsible for causing diabetes. This effectively decreased beta cell death and increased insulin production in the pancreas. Insulin maker, Novo Nordisk has developed a diabetes pill and planned to launch it in India by February 2022. This pill belongs to a blockbuster class of drugs, glucagon-like peptide-1 (GLP-1s) that stimulate insulin production. The new drug is expected to generate about $5 billion in annual sales.

The insulin drugs market report table of contents includes:
1. Executive Summary

Insulin Drugs Market Characteristics
Insulin Drugs Market Trends And Strategies
Insulin Drugs Market - Macro Economic Scenario
Global Insulin Drugs Market Size and Growth
.
Global Insulin Drugs Market Competitive Benchmarking
Global Insulin Drugs Market Competitive Dashboard
Key Mergers And Acquisitions In The Insulin Drugs Market
Insulin Drugs Market Future Outlook and Potential Analysis
Appendix

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Global Inland Water Freight Transport Market Analysis 2024 – Estimated Market Size And Key Drivers

The Inland Water Freight Transport by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Inland Water Freight Transport, The inland water freight transport market size has grown strongly in recent years. It will grow from $18.66 billion in 2023 to $19.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to rising population, economic growth in emerging markets, the need for economical transportation for cargo, increase in investments.

The inland water freight transport market size is expected to see strong growth in the next few years. It will grow to $25.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to faster economic growth, growing demand for e-commerce, infrastructure advances and increasing investments. Major trends in the forecast period include investing in information technology platforms for better vessel management, adopting lean and green inland transportation, adopting partnerships and funding, using freight and fleet tracking and management systems, adopting terminal and port information and communication systems and investing in freight tracking systems.

Growing demand for bulk transportation of goods is expected to propel the growth of the inland water freight transport market. Bulk transportation refers to the transportation of large quantities of goods or materials. Inland water freight transport can handle large volumes of goods, making it an ideal option for bulk transport. For instance, according to the Bureau of Transportation Statistics (BTS), a US-based transportation system moved a daily average of about 53.6 million tons of freight valued at more than $54 billion in 2021. Thus, the growing demand for bulk transportation of goods is driving the growth of the inland water freight transport market.

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The inland water freight transport market covered in this report is segmented –
1) By Type: Liquid Bulk Transportation, Dry Bulk Transportation
2) By Fuel Type: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels
3) By Vessel Type : Cargo Ships, Container Ships, Tankers, Other Vessel Types

Major companies operating in the inland water freight transport market are developing innovative products with advanced technologies such as Fuel cell technology to reduce carbon emissions. Fuel cell technology refers to an electrochemical device that directly converts a fuel to electricity by means of reactions on the surfaces of electrodes and transport of ions. For instance, in September 2021, Gazonor Béthune, a France-based subsidiary of La Française de l'Energie, launched the world's first hydrogen fuel cell-powered river barge, named La Bethune, It is powered by a 200 kW fuel cell system and can transport up to 350 tonnes of goods on the river Seine. The vessel is expected to reduce carbon emissions by up to 40% compared to a diesel-powered barge.

The inland water freight transport market report table of contents includes:
1. Executive Summary

Inland Water Freight Transport Market Characteristics
Inland Water Freight Transport Market Trends And Strategies
Inland Water Freight Transport Market - Macro Economic Scenario
Global Inland Water Freight Transport Market Size and Growth
.
Global Inland Water Freight Transport Market Competitive Benchmarking
Global Inland Water Freight Transport Market Competitive Dashboard
Key Mergers And Acquisitions In The Inland Water Freight Transport Market
Inland Water Freight Transport Market Future Outlook and Potential Analysis
Appendix

Tuesday, February 27, 2024

Children and Young Adult Books Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Children and Young Adult Books by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Children and Young Adult Books, The children and young adult books market size has grown steadily in recent years. It will grow from $11.76 billion in 2023 to $12.06 billion in 2024 at a compound annual growth rate (CAGR) of 2.6%. The growth in the historic period can be attributed to growth and growth in the young adult population, increasing early childhood reading and increase in book charities and government initiatives.

The children and young adult books market size is expected to see steady growth in the next few years. It will grow to $13.25 billion in 2028 at a compound annual growth rate (CAGR) of 2.4%. The growth in the forecast period can be attributed to rising ebooks and audiobooks, increasing penetration of digital technology and growing preference for independent bookstores . Major trends in the forecast period include offering personalized storybook, focusing on integrating popular video games into books, offer their books under a subscription model. companies should also look at investing in separate self-publishing platform for authors, print on demand services and invest in increasing mergers and acquisitions.

The increase in the disposable income of consumers contributed to the growth of the children and the youth-adult books market. An increase in disposable income boosts consumer purchasing power and increases the probability of consumer spending in leisure activities including reading books. For instance, the national median family income in the US for the fiscal year 2021 was $79,900, an increase from $78,500 in the fiscal year 2020. Therefore, the increase in the disposable income of consumers drove the growth of the children and young adult books market.

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The children and young adult books market covered in this report is segmented –
1) By Type: Print Book, Ebook, Audiobook
2) By Distribution Channel: Online distribution, Offline distribution
3) By End-user: Children (2 to 10 years), Adolescents (11 to 17 years), Young adults (18 to 25 years)

Books publishing companies are increasingly implementing personalized storybooks that allow inserting children's names, and interests in the story. Most of companies are publishing personalized bedtime storybooks. For instance, Wonderbly publishes a personalized story that lets the children imagine themselves doing some extraordinary things, and it also publishes a book for each age group accordingly. Bookyboo is another company that provides personalized books for children.

The children and young adult books market report table of contents includes:
1. Executive Summary

2. Children and Young Adult Books Market Characteristics

3. Children and Young Adult Books Market Trends And Strategies

4. Children and Young Adult Books Market - Macro Economic Scenario

5. Global Children and Young Adult Books Market Size and Growth
.
32. Global Children and Young Adult Books Market Competitive Benchmarking

33. Global Children and Young Adult Books Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Children and Young Adult Books Market

35. Children and Young Adult Books Market Future Outlook and Potential Analysis

36. Appendix

Cell and Gene Therapy Market Overview 2024-2033 – Competitive Landscape and Strategies

The Cell and Gene Therapy by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Cell and Gene Therapy Market:
https://www.thebusinessresearchcompany.com/report/cell-and-genes-therapy-global-market-report

According to The Business Research Company’s Cell and Gene Therapy, The cell & gene therapy market size has grown exponentially in recent years. It will grow from $13.81 billion in 2023 to $17.31 billion in 2024 at a compound annual growth rate (CAGR) of 25.3%. The growth in the historic period can be attributed to increase in investments in cell and gene therapies, growth in research and development, advances in cancer drug discovery, rise in public-private partnerships, strong economic growth in emerging markets, increased healthcare expenditure, and rising in pharmaceutical r&d expenditure.

The cell & gene therapy market size is expected to see exponential growth in the next few years. It will grow to $39.74 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to increasing prevalence of cancer and chronic diseases, rising geriatric population, rising geriatric population, rising focus on cell and gene therapy, and rise in healthcare expenditure . Major trends in the forecast period include focusing on advanced therapies such as chimeric antigen receptor (car) t-cell therapy, concentrating on undertaking various research initiatives and attain funding, carrying out strategic collaborations to integrate advanced technologies, concentrating on developing gene/genome editing tools especially crispr, partnering or acquiring competitor companies, increasing the number of pipeline studies to develop cell and gene therapies, and investing in manufacturing facilities expansion.

Steady investment and consolidation in cell and gene therapies contributed to the growth of the cell and gene therapy (CGT) market. After recognizing the potential of the CGT market, 16 out of the 20 largest biopharmaceutical companies by revenue, added CGT products to their portfolios. For instance, in December 2021, Pfizer has invested $68.5 million in a new state-of-the-art facility in Durham, North Carolina, to further advance gene therapy capabilities. The facility expands Pfizer's end-to-end capabilities in gene therapy and builds on the company's existing footprint in North Carolina, which includes more than 3,600 employees across sites in the state. Steady investment and consolidation in CGT production capacity led to an increase in production capacity and also contributed to the growth of the market.

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The cell and gene therapy market covered in this report is segmented –
1) By Product: Cell Therapy, Gene Therapy
2) By Application: Oncology, Neurological Disorders, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Cancer Care Centers, Wound Care Centers, Other End-Users

Chimeric antigen receptor (CAR) T-cell therapy is shaping the cell and gene therapy (CGT) market. (CAR) T-cell therapy is a combination of cell and gene therapy in which T cells are collected from the patient’s blood and are genetically engineered to produce modified receptors at their surface, known as chimeric antigen receptors (CARs). These modified T cells have special structures (receptors) and are reinfused into the patient. Then, the modified receptors of T cells help in targeting the surface antigen of the cancer cell, ultimately resulting in the killing of tumor cells in patients. For instance, in June 2022, Bristol-Myers Squibb Company, a US-based pharmaceutical company, received approval from the United States Food and Drug Administration (US FDA) for CAR T cell therapy Breyanzi for the treatment of adult patients with large B-cell lymphoma (LBCL), including diffuse large B-cell lymphoma. Breyanzi is a differentiated CAR T cell therapy made from a patient's own T cells, which are collected and genetically reengineered to become CAR T cells that are then delivered via infusion as a one-time treatment.

The cell and gene therapy market report table of contents includes:
1. Executive Summary

2. Cell and Gene Therapy Market Characteristics

3. Cell and Gene Therapy Market Trends And Strategies

4. Cell and Gene Therapy Market - Macro Economic Scenario

5. Global Cell and Gene Therapy Market Size and Growth
.
32. Global Cell and Gene Therapy Market Competitive Benchmarking

33. Global Cell and Gene Therapy Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cell and Gene Therapy Market

35. Cell and Gene Therapy Market Future Outlook and Potential Analysis

36. Appendix

Global Catering Services And Food Contractors Market Analysis 2024 – Estimated Market Size And Key Drivers

The Catering Services And Food Contractors by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/catering-services-and-food-contractors-global-market-report

According to The Business Research Company’s Catering Services And Food Contractors, The catering services and food contractors market size has grown strongly in recent years. It will grow from $286.33 billion in 2023 to $303.16 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased preference for healthy food in the workplace and rise in the tourism industry.

The catering services and food contractors market size is expected to see strong growth in the next few years. It will grow to $388.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising population and rising urbanization. Major trends in the forecast period include adopting intelligent methods such as artificial intelligence, consider offering food products made from natural ingredients, free of gmos (genetically modified organisms) and artificial flavors or colors, geographical expansion, and new service launches to improve product portfolio and revenues..

The catering services and food contractors market growth is aided by stable economic growth forecasted in many developed and developing countries. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the Reserve Bank of India, India's GDP is expected to grow at 9.5% during the year 2022, whereas China is forecasted to register GDP growth of 5.5% in 2022. Stable economic growth is expected to increase the demand for services offered by this industry, thereby driving the market during the forecast period.

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The catering services and food contractors market covered in this report is segmented –
1) By Type: Food Service Contractors, Catering Services
2) By Ownership: Chained, Standalone
3) By Application: Corporate, Educational Institutions, Healthcare, Industrial, Hospitality Services, Sports And Leisure and Other Applications

Food catering companies are forming alliances to serve food to schools, colleges, and universities. They are also involved in the development of mobile apps that provide tailored food options to meet the needs of each individual. For instance, in March 2021, Sodexo, the food service and facilities management company, announced a partnership with HelloFresh, the meal kit leader, to deliver HelloFresh and EveryPlate meal kits to students at more than 300 colleges and universities in the United States. Students can pre-select, order, and schedule meal kits for delivery using Sodexo's BiteU app. Whether students are vegetarian, on a low-calorie diet, or looking for something quick and easy, HelloFresh allows them to choose from a varied and changing weekly menu. EveryPlate is a rotating menu of simple and affordable chef-curated recipes, including vegetarian and gourmet options.

The catering services and food contractors market report table of contents includes:
1. Executive Summary

2. Catering Services And Food Contractors Market Characteristics

3. Catering Services And Food Contractors Product/Service Analysis -Product/Service Examples

4. Catering Services And Food Contractors Market Trends And Strategies

5. Catering Services And Food Contractors Market - Macro Economic Scenario
.
68. Global Catering Services And Food Contractors Market Competitive Benchmarking

69. Global Catering Services And Food Contractors Market Competitive Dashboard

70. Key Mergers And Acquisitions In The Catering Services And Food Contractors Market

71. Catering Services And Food Contractors Market Future Outlook and Potential Analysis

72. Appendix

Monday, February 26, 2024

Medical Component Manufacturing Market Growth Trajectory Through 2024-2033

The Medical Component Manufacturing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Medical Component Manufacturing Market:
https://www.thebusinessresearchcompany.com/report/medical-component-manufacturing-global-market-report

According to The Business Research Company’s Medical Component Manufacturing Global Market Report 2024, The medical component manufacturing market size has grown strongly in recent years. It will grow from $13.29 billion in 2023 to $14.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in pharmaceutical r&d, expansion of the healthcare industry, increasing demand for diagnostic testing, globalization of the chemical industry, regulatory compliance requirements,.

The medical component manufacturing market size is expected to see strong growth in the next few years. It will grow to $18.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising demand for personalized medicine, increased focus on biotechnology research, growth in environmental testing, expansion of the food and beverage industry, globalization of drug manufacturing. Major trends in the forecast period include growing emphasis on green chemistry practices, increased use of automation in laboratories, rising demand for specialty chemicals, development of sustainable chemical processes, integration of artificial intelligence in laboratory workflows.

The rising demand for medical devices is driving the growth of the medical component manufacturing market going forward. Medical devices are instruments, machines, appliances, software, implants, or other similar articles used in diagnosing, preventing, monitoring, treating, or alleviating diseases or medical conditions in humans. Medical component manufacturing is used to manufacture components such as injection-molded and electronic components used in medical devices. For instance, in 2021, according to the Centers for Medicare & Medicaid Services, a US-based federal agency that administers the Medicare program, federal retail spending on medical devices such as contact lenses, eyeglasses, and hearing aids increased by 21.8% compared to 2020. Furthermore, in February 2021, according to the US Food and Drug Administration, a US-based health regulatory authority, 40 innovative medical devices were approved in 2021, an increase of 25% from 32 approvals in 2020. Therefore, the increasing demand for medical devices drives the medical component manufacturing market.

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The medical component manufacturing market covered in this report is segmented –
1) By Process: Forging, Metal Injection Molding, 3D Printing, Ceramic Injection Molding, Investment Casting, Plastic Injection Molding, Other Processes
2) By Service: Device Development And Manufacturing Services, Quality Management Services, Final Goods Assembly Services
3) By Application: Laparoscopy, Pulmonary, Urology And Gynecology, Cardiovascular, Orthopedic, Oncology, Neurovascular, Radiology, Other Applications

Advancements in technology are key trends gaining popularity in the medical component manufacturing market. Major companies operating in the medical component manufacturing market are developing advanced technologies to create innovative solutions to sustain their position in the market. For instance, in June 2021, Stratasys Ltd., an Israel-based additive manufacturing company, introduced a new Stratasys J5 MediJet 3D printer for medical component manufacturing. The unknown printer includes multiple applications in a single system and helps users create highly detailed components. The MediJet 3D printer is up to 30% faster than comparable 3D printers. It has a straightforward workflow with automatic build tray organization, adjustments, and support for the most recent 3MF file format for more effortless connectivity to third-party segmentation and design software.

The medical component manufacturing market report table of contents includes:
1. Executive Summary

2. Medical Component Manufacturing Market Characteristics

3. Medical Component Manufacturing Market Trends And Strategies

4. Medical Component Manufacturing Market - Macro Economic Scenario

5. Global Medical Component Manufacturing Market Size and Growth
.
32. Global Medical Component Manufacturing Market Competitive Benchmarking

33. Global Medical Component Manufacturing Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Medical Component Manufacturing Market

35. Medical Component Manufacturing Market Future Outlook and Potential Analysis

36. Appendix

Global Laboratory Chemicals Market Report 2024: Growth Rate, Major Segments And Regions

The Laboratory Chemicals Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Laboratory Chemicals Market:
https://www.thebusinessresearchcompany.com/report/laboratory-chemicals-global-market-report

According to The Business Research Company’s Laboratory Chemicals Global Market Report 2024, The laboratory chemicals market size has grown strongly in recent years. It will grow from $3.85 billion in 2023 to $4.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in pharmaceutical r&d, expansion of the healthcare industry, increasing demand for diagnostic testing, globalization of the chemical industry, regulatory compliance requirements.

The laboratory chemicals market size is expected to see strong growth in the next few years. It will grow to $5.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising demand for personalized medicine, increased focus on biotechnology research, growth in environmental testing, expansion of the food and beverage industry, globalization of drug manufacturing. Major trends in the forecast period include growing emphasis on green chemistry practices, increased use of automation in laboratories, rising demand for specialty chemicals, development of sustainable chemical processes, integration of artificial intelligence in laboratory workflows.

The growing clinical research activities are expected to propel the growth of the laboratory chemicals market going forward. Clinical research activities are studies conducted with human participants to evaluate the safety and effectiveness of new medical treatments, interventions, or diagnostic procedures. Clinical research laboratories use laboratory chemicals to perform routine and specialized assays for patient care. These tests utilize various methodologies, including tandem mass spectrometry, fully automated devices, and high-performance liquid chromatography. For instance, in May 2023, according to ClinicalTrials.gov, a US-based government agency responsible for conducting and supporting medical research, the number of registered clinical research studies increased from 399,499 in 2022 to 437,533 in all 50 states of the United States and across 221 countries. Moreover, it was reported that 140,492 studies (31%) are registered in the U.S. only, while 241,498 studies (53%) are recorded in non-U.S. locations. Therefore, growing clinical research activities are driving the growth of the laboratory chemicals market.

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The laboratory chemicals market covered in this report is segmented –
1) By Type: Cytokine And Chemokine Testing, Biochemistry, Molecular Biology, Environmental Testing, Cell Or Tissue Culture, Carbohydrate Analysis, Other Types
2) By Application: Government, Education, Industrial, Healthcare
3) By End User: Pharmaceutical Companies, Biotechnological Companies, Academic And Research Institutions, Other End-Users

Product innovation has emerged as a key trend gaining popularity in the laboratory chemicals market. Major companies operating in the laboratory chemicals market are concentrating on creating and developing innovative products to strengthen their position in the market. For instance, in March 2022, Spectrum Chemical Mfg. Corp., a US-based chemical provider company, launched Sodium Chloride UPS, an essential inorganic salt for bioprocessing with numerous uses, including upstream cell culture and downstream purification and polishing. The most utilized stabilizer in pharmaceutical goods is sucrose. To remove batch-to-batch unpredictability, bioCERTIFIED products provide change control, batch traceability, supply chain transparency, and various product and packaging options for biopharmaceutical R&D, scale-up, and production.

The laboratory chemicals market report table of contents includes:
1. Executive Summary

2. Laboratory Chemicals Market Characteristics

3. Laboratory Chemicals Market Trends And Strategies

4. Laboratory Chemicals Market - Macro Economic Scenario

5. Global Laboratory Chemicals Market Size and Growth
.
32. Global Laboratory Chemicals Market Competitive Benchmarking

33. Global Laboratory Chemicals Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Laboratory Chemicals Market

35. Appendix

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Medical Component Manufacturing Market Growth Trajectory Through 2024-2033

Global Laboratory Chemicals Market Report 2024: Growth Rate, Major Segments And Regions

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