Sugar Substitutes Market Opportunities, Challenges, Strategies And Forecast till 2024

October 01, 2021: The global Sugar Substitutes Market is predicted to reach USD 19.1 billion in the forecast period owing to the growing customer’s preference towards the low-calorie foodstuffs. Sugar Substitutes are the chemical or plant-based constituents that sweeten the flavor of drinks and foods. They are also known as the “artificial sweeteners” or “non-caloric sweeteners” which are used as an ingredient in processed foods and drinks or as a tabletop sweetener like sweetening a glass of ice tea.

The sugar substitutes are sweeter than sugar, therefore small quantity of these substitutes offer greater level of sweetness. Most Sugar Substitutes are less in calorie or contain no calorie. The growing demand for low-calorie foodstuffs are projected to boost the sugar substitutes market significantly by 2024 with a CAGR of 4.2%. The demand for sugar substitutes is spurring across the globe. Especially in the beverage industry where the sweetness intensity varies from drink to drinks, sugar substitutes are extensively used. The market growth is driven by the factors like quality of the sugar substitutes, the mixture and content in processing foods, the standards enforced by local and international governments.

One of the major drivers of the market is the rise in number of ventures pertaining to food industry. This is because the food industry is the main source of taste and has wide applications in medications too. The rising cost of raw material and the growing supply chain prices are expected to restrain the market in future. However, consumption of high content sugar foods leading to diabetes, heart disease and obesity is also increasing. Currently, people are adopting sugar-free products as a preventive measure for the growing health problems. Most health issues are found among people above 45 years of age and are expected to fuel the sugar substitute market in the coming years.

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Stevia is a unique food ingredient, obtained from plants is best known for restricting the calories in the body. It is gaining demand in the European countries since it can be added to beverages as a sweetener in combination with sucrose. Strict safety standards is a major challenge for the sugar substitutes players. They are required to receive approvals from authorities like Foods Standard Agency before the launch of the product. The beverages and foods that contain artificial sweeteners must essentially follow the guidelines imposed by the regulatory bodies concerning the quantity sweeteners to be used, labeling, marketing and the daily average intake of sweeteners.

The sugar substitutes industry is segmented especially due to the existing of numerous large and small players that strengthen the competition for factors like quality, price, innovation, reputation, packaging, distribution and marketing channels. Such a penetrating competition among the players along with speedy technological variations is a key challenge that affects the operations of the players in the sugar substitutes industry. To stand successfully in such a competitive market, the vendors must distinguish themselves through USP (Unique Selling Proposition).

The sugar substitutes market is categorized on the grounds of product type, composition, application and geography. On the grounds of product type, the market is divided into High-intensity sweeteners, Low-intensity sweeteners and High-fructose syrups. On the grounds of composition, the industry is divided into High-intensity sweeteners and Low-intensity sweeteners. High-intensity sweeteners can be further classified as Stevia, As per tame, Cyclamate, Sucralose, Saccharin, Ace-K, and others. Low-intensity sweeteners can be further classified as D-Tagatose, Sorbitol, Maltitol, Xylitol, Mannitol, Erythritol and others. On the grounds of application, the sugar substitutes industry is divided as Beverages, Food (Confectionery, bakery, dairy and frozen foods) and Health & Personal Care.

Geographically, the sugar substitutes market is sub-segmented as North America, Asia Pacific, Europe, Latin America and rest of the world (RoW). The speedy growth of consuming low-caloric food is observed especially in developing nations like Middle East, Asia-Pacific, Latin America, and Africa. This is predicted to drive the global market. This also results in rising focus of main sugar substitute manufacturers on offering superior quality and safe products with the help of advanced technologies. This is projected to affect the market in terms of quality and quantity.

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The major players in the sugar substitutes industry are Cargill Incorporated, Tate & Lyle PLC, E. I. du Pont de Nemours and Company, Roquette Freres S.A., and Pure Circle Ltd., Ajinomoto Co. Inc., Archer Daniels Midland Company, MacAndrews & Forbes Incorporated, Ingredion Incorporation, and JK Sucralose Incorporation.

Market Segment:

Sugar Substitutes Product Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013 - 2024)

    • High intensity sweeteners

    • Low intensity sweeteners

    • High fructose syrup

Sugar Substitutes Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013 - 2024)

    • Food

    • Beverages

    • Others

Sugar Substitutes Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S.

    • Europe

        • Germany

    • Asia Pacific

        • China

        • Japan

    • Latin America

        • Brazil

    • MEA

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Rigid Packaging Market Key Players Analysis, Segmentation And Forecast Report till 2025

October 01, 2021: The global Rigid Packaging Market displayed a momentous growth of USD 472.19 billion in 2016. It is expected to grow significantly in the forecast period owing to rise in the demand for environment-friendly packaging. Rigid Packaging is a part of the packaging market. It is used to protect products from different types of damages. Rigid Packaging is widely used for packing the explosives and highly reactive commodities as well as other types of products and supports higher durability. The continuous and increasing demand from the consumers for rigid packaging is expected to fuel up the rigid packaging industry in the coming years with a CAGR of 6.7%.

The reasonable rates of rigid packaging, spurring growth of food & beverage industry, and rise in consumer spending power for packaged products are some of the driving factors of the market. Also, the rise in demand for the packaged medications and apparatuses in healthcare sector is predicted to widen scope for the market in the years to come. Additionally, the rise in manufacturing activities is expected to uplift the industry in near future.

Another driving factor for the rise of rigid packaging market comprise high transportation growth. The growing e-commerce across globe is pouring the demand for rigid packaging. Most consumers today are preferring online shopping over traditional shopping method because of wide availability of variety goods, quick delivery, easy return policies, and low or free shipping charges. However, the growing trade-related regulations and agreements among economies are stimulating the growth of the industry. Nevertheless, the increasing popularity of flexible packaging and flexible raw material costs are hampering the growth of the market.

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Rigid packaging industry is categorized based on material, product type, application and geography. Based on material, the market is divided into glass, metal, plastic, and paperboard. Plastic is expected to dominate the market owing to the different types of plastic like Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP) which used in manufacturing of rigid packaging goods. The adoption of rigid plastics is rising because of the features like maintained product freshness, lightweight, toughness/strength, no risk of breakage, and inexpensiveness. Based on product segmentation, the market is divided into jars & bottles, containers, boxes and cans. The jars & bottles are projected to dominate the market since they are used for carbonated soft drinks, water, juices, food products, etc. The demand for jars & bottles are also increasing due to the augmented demand for household and beverages followed by the rise in demand for containers & boxes owing to the trade-related agreements.

On the basis of application, the rigid packaging market is divided on the basis of healthcare, food & beverage, consumer goods, personal care, etc. Among these, the food & beverages segment is predicted to dominate be the fastest growing application segment in the market. Increasing population as well as rising heavy demand for beverages & foods are stimulating the growth of the industry. Also, the rising disposable income among the consumers along with lifestyle variations is estimated to impact the market.

Geographically, the rigid packaging industry is segmented into Asia Pacific, Europe, North America and RoW. China accounts for the maximum market share followed by North America owing to the rising use of bioplastic. Bioplastic is used as raw material for the manufacturing of rigid packaging. The use of bioplastic is expected to reduce the carbon footprints in the area of driving rigid packaging market growth.

The prominent rigid packaging industry players profiled here are Amcor, Ball,Berry, Crown Holdings, APPE, Britton Group, AEP Industries, Can-Pack, Ardagh Group, RPC Group, Silgan, DS Smith, Gerresheimer, Graham Packaging, LINPAC Group, Sonoco, Vidrala, and Vetropack Holding.

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Market Segment:

Rigid Packaging Material Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)

    • Plastic

    • Metal

    • Paper & Paperboard

    • Glass

    • Bioplastic

Rigid Packaging Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)

    • Food & beverages

    • Pharmaceuticals

    • Personal care

    • Others

Rigid Packaging Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • China

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

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Restaurant Management Software Market Opportunities, Challenges, Strategies And Forecast till 2025

October 01, 2021: Global Restaurant Management Software Market is anticipated to reach USD 6.94 billion by 2025. It is anticipated to grow at a healthy rate in the years to come. The restaurant management software industry is expected to observe considerable growth over the forecast period. Technology disruption in the restaurant industry and rising requirement for restaurant specific software such as payment and billing processing, table management, menu management and inventory management, are amongst the important trends stimulating market development.

Restaurant management software market is anticipated to grow at a significant CAGR of 14.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe. It may be explored by software, deployment, end user, and geography. The market may be explored by software as Accounting & Cash Flow, Front End Software, Purchasing & Inventory Management, Employee Payroll & Scheduling, Table & Delivery management, and others. In 2016, “front-end software” dominated the restaurant management software industry.

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Front end software solutions such as POS permit them to effortlessly accomplish payment and order processing. Surging demand for software solutions such as customer management, inventory management, recipe management, free accounting, kitchen order taking, along with POS solutions, is contributing to the development of the market. Restaurant management software market may be explored by deployment as Cloud, and on premise. In 2016, “On-premise” dominated the market due to increasing security concerns and ability to control ownership of data. The “On-premise” is followed by “cloud” segment and anticipated to grow at the highest CAGR in the years to come.

The market may be explored by end user outlook as FSR (Full Service Restaurant); may be analyzed as Casual Dine, Fine Dine, Institutional, QSR (Quick Service Restaurant), and Others. The “full-service restaurants (FSR)” segment dominated the restaurant management software industry and is estimated to grow at the highest CAGR in the forecast period.

North America accounted for the major share of the Restaurant Management Software Market Size Analysis in 2016 and will continue to lead in the forecast period due to food service suppliers in the region being initial adopters of restaurant management software solutions such as menu management, table management, kitchen management, recipe management, employee scheduling, and others. However, Asia-Pacific region is estimated to grow at the highest CAGR in the forthcoming period due to huge development in food service sector will upsurge the market growth.

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Some of the key players that fuel the growth of the restaurant management software industry include Verifone System, Ingenico Group, Lavu, Ravel Systems POS, POSist Technologies Pvt. Ltd., EPOS now, AccuPOS, TouchBistro, Clover, and PAX Technology.The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Restaurant Management Software Outlook (Revenue, USD Million, 2014 - 2025)

    • Front End Software

    • Accounting & Cash Flow

    • Purchasing & Inventory Management

    • Table & Delivery management

    • Employee Payroll & Scheduling

    • Others

Restaurant Management Software Deployment Outlook (Revenue, USD Million, 2014 - 2025)

    • Cloud

    • On Premise

Restaurant Management Software End User Outlook (Revenue, USD Million, 2014 - 2025)

    • FSR (Full Service Restaurant)

        • Fine Dine

        • Casual Dine

    • QSR (Quick Service Restaurant)

    • Institutional

    • Others

Restaurant Management Software Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

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Contrast Media/Contrast Agents Market Overview, Size, Share, Growth Factors, Demand and Trends Forecast till 2025

September 30, 2021: The global Contrast Media/Contrast Agents market was valued at USD 4.25 Billion in 2016 and is expected to register a CAGR of 3.8% in the forecast period. The market is driven by factors such as rise in number of testing centers coupled with rise in number of government approvals for contrast agents. Increasing cases of cancer and rise in R&D activities add to the market growth in the forecast period. However, side effects and adverse reactions on health by use of Contrast Media/Contrast Agents are expected to restrict the market growth during the forecast period.

Contrast agents are a crucial part of radiology and massive improvements have made them efficient, safer, and fast. On the other hand, associated risks led by Contrast Media/Contrast Agents remain prevalent and emit adverse reactions in various ways. Hence, the use of Contrast Media/Contrast Agents is subject to safe use acknowledging the potential side effects. Using contrast agents in a way such that it maximizes the patient’s safety is a great deal of concern. Therefore, the use of contrast agents must be determined on a particular basis depending to the clinical condition of the patient.

Clinically the intravascular iodinated contrast agents are built upon tri-iodinated benzene ring with existence in three primary forms. The forms include high-osmolar contrast media are the oldest agents and relatively expensive with a limited utility. Monomers that dissolve in water but never dissociate and are referred to as low-osmolar contrast media (LOCM) and a class of agents comprising a molecular with two benzene rings are referred to as iso-osmolar contrast media (IOCM).

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Contrast Media market is segmented based on agent type, modality, application, and region. Type category for the market includes barium-based, gadolinium-based, microbubble and iodinated. Modality category is segmented into CT, MRI, ultrasound and X-Ray.

Geographical segmentation for Contrast Agents market spans North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to dominate the market in the forecast period due to government initiatives taken by key players coupled with presence of well-built healthcare infrastructure and availability of advanced technologies. In addition, constant demand for diagnostic procedures contribute to the market growth in the forecast period.

Rising investments coupled with active R&D activities is likely to propel the APAC’s market growth in the near future along with rise in cancer incidences, growth in investment in emerging economies adds to the market growth in APAC market sector. The key players in the Contrast Media market include Bayer AG, GE Healthcare, Guerbet, Lantheus Medical Imaging, and Bracco Diagnostics.

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Market Segment:

Contrast Media Type Outlook (Revenue, USD Billion, 2016 - 2025)

    • Iodinated contrast media

    • Barium-based contrast media

    • Gadolinium-based contrast media

    • Microbubble contrast media

Contrast Agents Modality Outlook (Revenue, USD Billion, 2016 - 2025)

    • X-ray/CT contrast agents

    • MRI contrast agents

    • Ultrasound contrast agents

Contrast Media Application Outlook (Revenue, USD Billion, 2016 - 2025)

    • Cardiovascular disorders

    • Neurological disorders

    • Gastrointestinal disorders

    • Cancer

    • Nephrological disorders

    • Musculoskeletal disorders

    • Others

Contrast Media Regional Outlook (Revenue, USD Billion, 2016 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • U.K.

        • France

    • Asia

        • Japan

        • India

    • Row

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High Throughput Screening (HTS) Market Trends, Opportunities, Size, Share, Growth, Analysis and Forecast till 2025

September 30, 2021: The global high throughput screening (HTS) market size is anticipated to value at USD 30.91 billion by 2025, during the forecast period. HTS market is subject to show a substantial growth due to the growing emphasis on drug discovery and development coupled with increasing investment by governmental agencies and research institutes. With recent advancement in technology and growing need for automation for liquid handling, formation of innovative platforms, and improvements in existing analytical tools allows to handle large sets of data, thus driving growth of the high throughput screening (HTS) market exponentially. Furthermore, rising competition between various healthcare and pharmaceutical organizations to revolutionize drug discovery is catering to the growth of the HTS market in coming years. 

Constant demand for high throughput screening (HTS) in research and production areas is further propelling growth of the HTS market. Globally, the high throughput screening (HTS) market is predicted to grow at CAGR of 7.89% in forecast period, providing numerous opportunity for market players to invest for research and development in the HTS market. High throughput screening, commonly referred as a high content screening (HCS), majorly adopted to carry out various genetic, biochemical, and pharmacology studies to help in the drug discovery procedure involving drug design to medicine trails and analysis of the effects caused by drug interactions. High throughput screening (HTS) procedure consists of high-tech software, numerous instruments to manage liquids, and other detectors to allows rapid identification of active materials, genetic modifications, and biochemical interactions.

Mounting demand for highly effective therapies to cure various diseases has led to the adoption of technology in drug discovery. Monitoring of large amount of processed data and screening are some of the critical processes that has to be handled with high precision to achieve required outcome. The latest trends in the drug discovery involves formation of numerous biochemical libraries to establish set of standards and record results, thus escalating growth of the high throughput screening (HTS) market. Though, adoption of such procedure require specific set of skillset and advanced software to manage and save large amount of data at high speed, lack of which hampers growth of the high throughput screening (HTS) market.

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Numerous governmental and private agencies are assigned to monitor stringent quality checks and standards to attain required integrity and precision for the obtained data, thus fueling growth of the HTS market over forecast period. Yet, unavailability advanced software to control automated instruments and liquid handling systems is significantly hampering growth of the market. Nevertheless, one of the biggest advantage associated with the use of the high throughput screening (HTS) is reduction of time to formulate a drug discovery.

High Throughput Screening (HTS) is widely known drug discovery technique, that is commonly adopted in the pharmaceutical and healthcare sector. High throughput screening (HTS) allows use of automation for faster examination and analysis of the biological and chemical activities of numerous compounds that are used for production and discovery of drugs. Application of the high throughput screening (HTS) involves discovering molecular receptors, various enzymes, ion channels and identification of a chemical pathway. HTS is made feasible for drug discovery due to modern advancement in robotics and high-speed computing technique.

The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of latest methodologies in the healthcare sector for R&D purposes and existence well-established market players in the region.

Asia-Pacific region is predicted to hold major market share in the high throughput screening (HTS) industry with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with recent technological advancements in drug discovery techniques with the use of 3D-cell cultures and substantial investment by prominent industry players due to potential opportunities in the region.

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The key players in the high throughput screening (HTS) market are Agilent Technologies Incorporations, Danaher Co., Thermofisher Scientific Incorporations, PerkinElmer Incorporations, Tecan Group Limited, Hamilton Company, and Aurora Biomed Co.

Market Segment:

High Throughput Screening Technology Outlook (Revenue, USD Billion, 2014 - 2025)

    • Cell-based Assays

        • Fluorometric Imaging Plate Reader Assays

            • Clinical applications (Cardiotoxicity assays)

            • In-vitro studies (Pharmacophores identification in drug discovery)

        • Reporter based Assays

            • Clinical applications (Reporter assay in biological systems analysis)

            • In-vitro studies (Genetic reporter assays in cloning tools for live-cell work)

    • 3D - Cell Cultures

        • Clinical applications (Regenerative medicine)

        • In-vitro studies (Drug discovery, Molecular cell biology)

    • Ultra High Throughput Screening

High Throughput Screening Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Drug discovery programs

    • Chemical biology programs

    • Biochemical screening

    • Cell- & organ-based screening

High Throughput Screening Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K

    • Asia Pacific

        • China

        • Japan

    • Latin America

        • Brazil

    • MEA

        • South Africa

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Healthcare Contract Research Organization Market Overview, Size, Share, Growth Factors, Demand and Trends Forecast 2021 to 2028

September 30, 2021: The global healthcare contract research organization market was prized by USD 39.6 billion in 2020. It is estimated to witness 6.6% CAGR from 2021 to 2028.

Drivers

The ending of the patent in healthcare division, rising funds for R&D plans, and inclination for sub contracting the actions because of price and time restriction, are the important factors expected to propel the market for healthcare CRO, during the near future.

The partnerships for contract research provide advanced services and hence government institutes have a preference for transferring projects to Contract Research Organizations (CROs), in this manner helping the expansion of the market.

Effect of Covid-19

Similar to other sectors the market for healthcare CRO has obviously got influenced, due to the global eruption of Covid-19 pandemic, clinical trials are suspended because the enrollment of the patients has happened to be strained and working places are closed.

The research for the Covid-19 treatments has increasing by a considerable pace. The global research group has begun spotting the medicinal treatment for Covid-19, by way of monitoring together the presented as well as fresh medicines, for their capability to lessen the indications and stop the duplication of the virus.

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Type Insight

The clinical section held the major, 76.7% revenue share and led the healthcare contract research organization market, in 2020, on the basis of type. The share is credited to the demand for higher technologies, increasing number of biologics and the necessity for custom-made medication, along with orphan drugs. The issues like demand for contract research organizations to carry out clinical test, technical progression and globalization of clinical examinations, are additionally expected to propel the enlargement.

Owing to the reality that they are one of the major costly steps of a clinical trial, subcontracting of phase III clinical trials to healthcare contract research organizations produced the maximum revenue in 2020. Roughly 90.0% of the operating costs take place, at some stage in the clinical improvement of a medicine stems, from this phase.

The preclinical studies section is expected to observe the fast enlargement percentage of 8.3%, throughout the forecast period. Growth in the figure of preclinical tests concerning big molecules plus the rising necessity to limit the R&D expenditure is likely to add to the increasing demand for superior preclinical contract research organization, in this manner adding to the expansion of the market.

Service Insight

The clinical monitoring section held above 18.0% revenue share and dominated the healthcare CRO market, in 2020. Furthermore, it is expected to retain its place, during the forecast period. This may be credited to the rising figure of clinical trials as well as the necessity to check those revisions, which are generating additional demand for the services.

During the previous decade clinical research is being subcontracted to contract research organizations because of diverse causes, for example, technological proficiency along with the price efficiency. The initiation of instantaneous information attainment procedures and smart analytics are projected to enhance the monitoring of clinical information, within the healthcare division. Attainment of concurrent information linked with the toxicity and safety of the medicine facilitate before time recognition of test inaccuracy along with it makes possible appropriate rectifications like execution or revamping of the test, in this manner boosting the expansion of the section.

The regulatory/medical affairs division is expected to observe the highest, 11.1% enlargement speed during the forecast period. The sub-contracting for regulatory affairs is speedily increasing because of the medicines in pipeline, function of clinical trial, rise in R&D actions and listing of the product. The rising demand for doing more with less, to get endorsement for fresh products and preserve compliance is expected to maintain the expansion of the market.

Regional Insight

In 2020, Asia Pacific held major, 42.0% revenue share and led global healthcare contract research organization market. Furthermore, the state is projected to develop by a fast speed during the forecast period. This may be credited to the system of rules according to the expected standards, accessibility of assorted populations, greater occurrences of chronic circumstances, and effortless enrollment of the patients as well as withholding.

Moreover, positive support by the government is, furthermore, adding to the expansion of the market. Such as, the Central Drugs Standard Control Organization (CDSCO) prepared fresh regulations that are expected to decrease the necessary period for sanction to almost 30-60 days, as a result, pushing the expansion of the market.

As a result of the maximum number of trials carried out as well as sub contracted within the region, North America held the major share of the market, in 2020. Besides, increasing encouragements for R&D actions by the government by means of finances and donations to research organizations as well as the companies has pushed this local market.

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Companies

The healthcare contract research organizations are involved in joining forces to endorse their services on worldwide stage, along with presenting better services. To maintain the functioning of clinical trials during in the present pandemic situation, the market contestants are implementing the diverse models particularly virtual experimental testing. For example, PRA Health Sciences is presently carrying out, globally, more than 40 hybrid and virtual tests for their customers. It is toting up more than a million patients in above 30 nations.

Some of the companies for healthcare contract research organization market are:

    • PRA Health Sciences

    • Wuxi AppTec

    • Pharmaron

    • Medidata Solutions, Inc.

    • Charles River Laboratories International, Inc.

    • Pharmaceutical Product Development, LLC

    • IQVIA Holdings Inc.

    • CTI Clinical Trial & Consulting

    • MEDPACE HOLDINGS, INC.

    • GVK Biosciences Private Limited

    • Syneos Health

    • ICON, plc

    • Parexel International Corporation

    • Covance Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Million Insights has segmented the global healthcare contract research organization market report on the basis of type, service, and region:

Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Drug Discovery

        • Target Validation

        • Lead Identification

        • Lead Optimization

    • Pre-clinical

    • Clinical

        • Phase I Trial Services

        • Phase II Trial Services

        • Phase III Trial Services

        • Phase IV Trial Services

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Tissue Engineering Market Key Players Analysis, Segmentation And Forecast Analysis Report till 2025

September 29, 2021: Global Tissue Engineering Market is expected to reach USD 11.5 billion over the estimated period. Tissue engineering is scientific sector associated with the expansion of biological alternatives capable of changing damaged or diseased tissue in humans. The main function of tissue engineering is to assemble functional construct that improve, restore, or maintain whole organs or injured tissues. It integrates biological components like growth factors and cells, with synthetic materials and engineering principles. The tissue engineering industry is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe.

High demand for tissue engineering procedures for treating damaged tissue, rising use of enhanced technology in healthcare sector, high demand in pharmaceuticals for drug testing are documented as major factors of tissue engineering market that are estimated to enhance the growth in the years to come. However, high cost and shortage of organ donor in organ transplantation may restrain overall market growth in the coming years. Tissue engineering industry is segmented based on material type, application, and region.

Biologically Derived Materials, Synthetic Materials, and others material types could be explored in tissue engineering market in the forecast period. The market may be categorized based on applications like cardiology & vascular, cord blood & cell banking, neurology, cancer, urology, GI gynecology, skin/integumentary, dental, and others that could be explored in future period. The sectors like spine, orthopedics, and musculoskeletal accounted for the majority market share and is estimated to continue their dominance over the forecast period. whereas, cardiology and vascular sector is estimated to grow at fastest pace in the coming years.

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Globally, North America accounted for the largest market share of tissue engineering industry and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be technological enhancements, rising base of geriatric populace, enormous R&D funding, and rising awareness regarding the treatment options. The United States is a major consumer of tissue engineering in this region. NIH funds the US healthcare sector, and the region has highest per capita healthcare expenditure in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise rising regenerative market in emerging countries like India, China, and Japan, rise in medical tourism, and entrance of major manufacturers for the expansion of their regional presence. The developing countries like India and China are the major consumers of tissue engineering in the region.

The key players of tissue engineering market are RTI surgical, Inc., Stryker Corporation, Tissue Regenix Group Plc., Medtronic, Inc., Athersys Inc., Organogenesis Inc., Acelity, and Zimmer Biomet. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Market Segment:

Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Cord Blood & Cell Banking

    • Cancer

    • GI, Gynecology

    • Dental

    • Skin/Integumentary

    • Urology

    • Orthopedics, Musculoskeletal, & Spine

    • Neurology

    • Cardiology & Vascular

Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • UK

        • Germany

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

        • South Africa

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