Press Releases

LMP – Reusable Protective Silicone Face Mask

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Hope you’re well?

 

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LMP offer a reusable silicone mask that offer a high quality carbon filter that are comfortable, secure and offer protection for you and others during pandemics like COVID-19.

With the brand being created in Amsterdam using FFP3 and N99 filters with activated charcoal the product offers a integrated breathable valve which has been locally made of washable and reusable soft silicone rubber.

For more information and to support the IndieGoGo please see below:

https://www.indiegogo.com/projects/lmp-reusable-protective-silicone-face-mask#/

https://drive.google.com/open?id=1q-wNlnwoQOeZKXY_YqUzeLOWtif0ESN2

 

Tags: Amsterdam, Carbon Filter, covid19, Face Mask, Indiegogo, LMP, Silicone See Campaign: https://www.indiegogo.com/projects/lmp-reusable-protective-silicone-face-mask#/
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Natural Food Colors Market to Bolster Global Market Revenue Growth During the Crisis Period of COVID-19

Travel Vaccine Market to Experience Greater Government Interference Post-COVID-19; Revenue to Increase in Long Term, Says

 

Sales of natural food colors have witnessed sheer proliferation in the recent past in line with the rising consumer preference for natural ingredient-based food products over synthetic variants. According to PMR report on natural food colors market, the natural food colors market is estimated to surpass US$ 14,000 MN in terms of value through 2028, translating to 6.5% CAGR during 2018-2028. Interest in colored foods and beverages continues to grow across countries. Exhibiting decent coloring effect along and good sustainability, natural food colors have recently lured in the attention of extensive food and beverage (F&B) manufacturers and widespread consumers.

 

Growing Emphasis on Clean Label Food Products Creating Opportunities

 

In recent years, there has been a steady increase in the demand for clean label food and beverages, specifically for products consumed by children, finds PMR report on natural food colors market. This has led to the global launch of clean label food and beverage products. As consumers become increasingly aware about ill effects of consuming synthetic raw materials, food and beverage manufacturers are focusing on producing food and beverages with a clean label to maintain and drive sales. PMR natural food colors market report opines that consumers’ shifting preference for organic, natural, and non-GMO products is accelerating the adoption of natural food colors.

 

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Following numerous petitions by natural color manufacturers seeking approval for use of natural food colors in products, governments of many countries have launched natural color pigments’ promotional initiatives. They have imposed stringent rules and regulations on use of synthetic ingredients, encouraging adoption of eco-friendly and clean label food and beverage products. Such impositions have translated into a growing demand for natural food colors. This is further proving lucrative for natural food colors market, as food and beverage manufacturers are adopting natural food colors in their formulations to comply with stringent regulations.

 

The paradigm shift from synthetic to clean label and natural food ingredients is giving global natural food color manufacturers a plethora of opportunities to offer low cost natural food colors for myriad applications in the food and beverages industry. Natural food colors’ manufacturers’ constant attempts to meet the growing demands from consumers are supported by initiatives undertaken by various associations. Some of these associations are The International Association of Color Manufacturers (IACM), Natural Food Colors Association (NATCOL), and EU Specialty Food Ingredients. These associations have been taking initiatives to protect and increase primary stakeholder interests in the natural food colors market.

 

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Meat industry is another key sector gaining attention of manufacturers in natural food colors market, owing to natural food colors’ wide applications in meat products. The natural food colors market report opines that the growing use of natural yellow color in meat, pork, and bakery products in Japan is creating growth opportunities for natural food colors’ manufacturers. Another natural food color variant – Gardenia yellow – is predominantly used in noodles, rice cakes, and many other food and beverage products. Sensing the growing demand for natural food colors, leading players in natural food colors market are creating novel product formulations to create temperature compatible and stable natural food colors for meat products.

 

Natural food colors’ manufacturers are also leveraging innovation and technological advances to enhance manufacturing processes, while cutting operation costs. For instance, many key players in natural food colors market are adopting revolutionary microencapsulation technique in color delivery system while formulating the end product. This technique is used for stabilization, protection, and slow release of core materials.

 

According to PMR natural food colors market study, some natural food colors’ manufacturers are also developing fermented carmine solution to offer better performing natural food colors to capitalize on the growing demand for natural-ingredients based products. With manufacturers adopting such technological advances and innovations, natural food colors market is anticipated to witness tremendous changes in the forthcoming years. As per PMR natural food colors market report, effective supply chain management and sustainability are other differentiating strategies being adopted by leading players in natural food colors market.

 

Key Players:

  • Archer Daniels Midland
  • Naturex S.A.
  • Döhler GmbH
  • Symrise AG
  • Chr. Hansen Holding A/S
  • McCormick & Company
  • Kalsec Inc.
  • DDW The Color House Corporation
  • ROHA Dyechem Pvt. Ltd. (JJT Group)
  • Aakash Chemicals and Dyestuffs
  • AFIS (Australian Food Ingredient Suppliers)
  • San-Ei Gen F.F.I Inc.

 

Tags: Food Colors market, NATURAL FOOD COLORS MARKET, natural food colors market analysis, Natural Food Colors Market Demands, NATURAL FOOD COLORS MARKET GROWTH, Natural Food Colors Market Key Players, Natural Food Colors Market Revenue, NATURAL FOOD COLORS MARKET SHARE, NATURAL FOOD COLORS MARKET SIZE, NATURAL FOOD COLORS MARKET TRENDS See Campaign: http://www.persistencemarketresearch.com/market-research/natural-food-colors-market.asp
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South Africa UHT Milk Market to Record a Robust Growth Rate for the COVID-19 Period

Note : Request PMR insights on measuring the impact of COVID-19 coronavirus across industries

 

According to a new market report published by Persistence Market Research “South Africa Market Study on UHT Milk: Market Share of Semi Skimmed UHT Milk to Increase by 2019”, the South African UHT milk market is expected to grow at a CAGR of 11.2% during 2014 to 2019, to reach an estimated value of USD 1185.3 million in 2019. South Africa is a major dairy-consuming country in the African region where liquid milk accounts for approximately 60% of the total dairy product consumption. The pasteurized milk market in the country has been declining, whereas the UHT milk market is growing at a rapid pace. The UHT milk market in the country is expected to exhibit a double digit CAGR during 2013 – 2019. The increasing acceptability of UHT milk among all economic classes of the country has been a major driver for the growth of this market. Whole UHT milk dominates the product segments due to the inclination of South Africans towards fat-rich products; however, its share is expected to decline during the forecast period due to rising health concerns of the population. Among provinces, Gauteng dominated UHT milk sales in South Africa; however, with rising urbanization in other provinces, its share is expected to decrease during the forecast period. To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/4330 Urbanization in South Africa has been on the rise. It has been indirectly driving the growth of the UHT milk market by pushing the bulk purchase of groceries, including UHT milk. According to the South African Institute of Race Relations (SAIRR), two-third of the South African population lived in urban areas in 2011, up from 52% in 1990. Polokwane, Rustenburg, Vanderbijlpark, Nelspruit, and Ekurhuleni are the fastest growing cities in the country. The long-life benefit of UHT milk has helped it to become a part of other non-perishable groceries. UHT milk is also becoming popular among the low-income population as it is not very expensive and does not get spoiled in case of major power failures. The abundance of animal feed and fodder in South Africa helps the dairy companies in the country to maintain stability in production cost of dairy products including UHT milk. This in turn helps the company in maintaining an effective dairy chain and stable retail prices of these products. . The presence of a large number of animal feed companies promotes the smooth supply of feed to the animal farms. The South African government has announced the start of ethanol production in the country from feedstuff; however, this is not expected to hamper the feedstock supply to animal farms as the country’s surplus sugarcane production can be used for ethanol production. The pasteurized milk market in South Africa has been declining over the past few years and is expected to follow this trend in the future. Rapid urbanization has been observed to be a key reason for this decline. However, this is favorable for the UHT milk market in the country. Dairy companies are increasing their UHT milk production capacities to cash in on the opportunity. Several other dairy processors plan to enter this market as well. For instance, Clover Industries acquired the UHT milk business of DairyBelle in 2014. Woodlands Dairy, on the other hand, increased its UHT milk packing capacity from 6,000 liters per hour to 15,000 liters per hour in 2014. To get extensive insights on key trends, request for customization here@  https://www.persistencemarketresearch.com/request-customization/4330 The key UHT milk companies in South Africa include :

  • Parmalat SA (Pty) Ltd.
  • Coega Dairy.
  • Clover Industries Limited.
  • Woodlands Dairy.
  • Dewfresh Products (Pty) Ltd.
  • Other.

 

Below is the segmentation carried out by Persistence Market Research for South Africa market study on UHT Milk: Market Share (2012 and 2019) by Product

  • Whole
  • Semi-skimmed
  • Skimmed

 

Market Share (2012 and 2019) by Distribution Channel

  • Supermarkets/ Hypermarkets
  • Independent small grocers
  • Food and drink specialists
  • Others

 

Market Share (2012 and 2019) by Province

  • Gauteng
  • Western Cape
  • KwaZulu-Natal
  • Eastern Cape
  • Others

 

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Vegan Cheese Market to Record Robust Compound Annual Growth Rate Post-COVID-19

Air Purifiers Witness High Demand during COVID-19 Crisis; Growing Awareness Regarding Air Purification to Drive Growth, Says PMR

 

The vegan cheese market is expected to continue its steady growth on account of the growing trend of veganism, coupled with the increasing consumer awareness about the health benefits associated with cholesterol-free vegan cheese consumption. The global vegan cheese market is projected to register 8.6% CAGR during the forecast period 2018-2028, owing to the myriad factors mentioned in the PMR report.

 

Individuals with a fondness for cheese have shown a reluctance towards veganism, however the growing awareness about the different vegan cheese options and variants available in the market has altered the scenario completely. As veganism has already gone mainstream, and consumers inclination towards cheese is showing no signs of waning, vegan cheese companies have focused on introducing plant-based cheese substitutes, including cream cheese, parmesan, cheddar, ricotta, to name a few.  Leading vegan cheese companies are focusing on introducing cost-effective vegan cheese variants to appeal to a wider, cost-sensitive demographic.

 

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PMR report opines that vegan cheese market has witnessed collective growth in the recent years. It is likely to accelerate further in the forthcoming years, on the back of the growing awareness about the lactose-intolerant conditions, in tandem with a significant shift in eating patterns. The report finds that globally, roughly 75% of the population is lactose intolerant, and suggests that the growing awareness about the potential health impact of dairy products will prompt consumers to shift to plant-based milk products, including vegan cheese, among many other dairy substitutes.

 

According to the study, the growing animal welfare and environmental concerns associated with dairy product consumption are gravitating consumers towards vegan cheese products. The transition to vegan cheese will further solidify, owing to numerous factors, including growing demand for eco-friendly, animal-free sources of protein, and raising concerns about allergens, antibiotic, and hormone use. Many leading food chains, such as Domino’s Pizza, McDonald’s have listed vegan food products on their menu to tap the expanding vegan population. The report opines convenience stores as the most common and imperative sales channel for vegan cheese customers, with leading grocery chains such as Aldi and Walmart, offering many exotic plant-based cheeses on shelves.

 

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To capitalize on the growing trend for veganism, vegan cheese companies are introducing novel forms of vegan cheese to move ahead of the increasingly competitive vegan cheese market. With the existing players taking efforts to produce vegan cheese variants with an added nutritional value, the global vegan cheese market is anticipated to witness tremendous changes during the forecast period.

 

The growing consumption of plant-based products in North America has made the region lucrative for the vegan cheese companies; 200 companies have already entered into the market in the recent three years. Meanwhile, the study opines that vegan cheese consumption accounts for roughly 4-5% of plant-based food consumption globally, with Western Europe and North America being the most lucrative and matured markets, owing to the preference for ready-to-eat snacks.

 

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Portable Ventilators Market Trends, Size, Competitive Analysis and Forecast 2020 – 2030


Portable Ventilators: Introduction

  • Portable ventilators are used to deliver oxygen to patients when required. These ventilators are used in hospitals and day care centers for continuous oxygen supply when a COPD patient is unconsciousness or when there is discomfort due to breathing problems. Rise in hospital admissions owing to increase in incidence of COPD and surge in emphasis on home care are projected to drive the global portable ventilators market.
  • Presently, usage of portable ventilators has increased due to the outbreak of Covid-19 across the world. As technology advances, portable ventilators are likely to be integrated with next-gen capabilities that enhance their functionality, thereby improving the way care is provided.

 

Report Overview @ 

https://www.transparencymarketresearch.com/portable-ventilators-market.html

 

Key Drivers and Restraints of Global Portable Ventilators Market

  • The world is currently experiencing the pandemic of an infectious disease called COVID-19. This infection leads to multiple organ failure, acute & severe respiratory disorders, pneumonia, and even death in severe cases. Hence, surge in number of people with coronavirus infections is anticipated to propel the global portable ventilators market. According to the World Health Organization, globally, 1,918,138 confirmed cases of COVID-19 were recorded as of April 15, 2020. Additionally, in the context of the novel coronavirus (2019-nCoV) outbreak, the serious coronavirus positive patients need to be put on ventilators. This in turn increases demand for portable ventilators. Hence, rise in demand for portable ventilators is likely boost the growth of the global market.

 

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  • Life expectancy of people has increased in the last decade. This has led to large population in the above reproducible age group. The immune system of a person weakens with age. Hence, increase in geriatric population has led to high risk of contracting diseases in this age group. COPD occurs most often in older people, but can also affect the middle-aged population. Aging increases the risk of contracting respiratory diseases, which is expected to boost demand for respiratory therapeutic and diagnostic devices during the forecast period.
  • Increase in government expenditure on health care provides citizens with access to health care services at affordable cost. This is a crucial factor boosting the respiratory devices/products market in emerging economies. According to WHO statistics, per capita health care expenditure has risen across the globe. The health care expenditure in South Africa increased from 8.5% to 8.8% of the GDP from 2013 to 2017.

North America to Lead Global Portable Ventilators Market

  • The global portable ventilators market can be segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to account for major share of the global portable ventilators market during the forecast period, owing to well-established health care infrastructure and large patient population along with increase in technological developments. According to the National Statistics Group, health spending is projected to increase at an average rate of 5.8% from 2012 to 2022 in the U.S., which is 1% faster than expected average annual growth in GDP. The market in Asia Pacific is likely to expand at a higher CAGR during the forecast period. Increase in health care spending and improving health care infrastructure are projected to drive the portable ventilators market in the region during the forecast period.

 

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Key Players Operating in Global Portable Ventilators Market

The global portable ventilators market is consolidated due to the presence of small number of key players. Demand for portable ventilators has increased in emerging as well as developed markets owing to rise in prevalence of infectious diseases such as COVID-19. Growth strategies adopted by leading players are likely to drive the global market. Players are adopting the strategy of appointing third-party distributors to expand market presence. This has led to a surge in the number of distributors and suppliers in the emerging markets.

 

Leading companies operating in the global portable ventilators market are:

  • Teleflex Incorporated
  • Vyaire Medical
  • Dragerwerk AG & Co. KGaA
  • GE Healthcare
  • Medtronic plc.
  • Koninklijke Philips N.V.
  • Smiths Medical
  • ResMed, Inc.
  • Flight Medical Innovations Ltd.
  • HAROL S.r.l.
  • Vygon SA
  • Getinge AB
  • Vapotherm, Inc.
  • Fisher & Paykel Healthcare Limited.

 

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Antiviral Combination Drug Therapies Market Growth, Size, Share, Industry Report and Forecast to 2020-2030


Global Antiviral Combination Drug Therapies Market: Introduction

  • Combination drug therapy can be defined as usage of two or more pharmacologic agents in a single dosage formulation. Combination antiviral drug therapy has come to the forefront of antiviral treatment in the past few years. The primary objective of combination drug therapy is to enhance the efficacy of single-agent therapy, to minimize toxicity by reducing individual drug dosages, and to prevent or forestall the development of drug resistance.

 

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  • The combination of antiviral drug reduces the viral load and delays the development of drug resistance. Combination antiviral therapy stops the virus from making copies of itself in the body. Antiviral drugs, unlike antibiotics, inhibit the development and growth of the pathogen. This reduces pathogen replication in a patient’s body. High cost of antiviral drugs makes it harder to reach patients. Pharmaceutical companies invest a significant percentage of development cost in research & development.

Key Drivers of Global Antiviral Combination Drug Therapies Market

Increase in Incidence of Viral Infections

  • Population growth, increase in contact with wild animals, and degradation of the health care resources lead to increase in incidence rate of viral infectious diseases. Majority of the infectious diseases are spread through animal contact and they are considered as the vector. The other most important reason is the change and adaption occurring in the genetic composition of the organism, which help them to resist the drugs used against them. Infectious viruses first infect an individual through a medium of vector and then spread to the community. Hence, increase in incidence of viral infections drives the global antiviral combination drug therapies market.

 

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Increase in Incidence Rate of Influenza

  • Influenza is a respiratory infection caused by influenza viruses and spreads easily. Influenza viruses undergo constant genetic change, which has substantial impact on induced immunity and considerations for vaccine composition. According to the World Health Organization (WHO), when an infected person coughs or sneezes, droplets containing viruses (infectious droplets) are dispersed into the air and can spread up to one meter, and infect persons in close proximity who breathe these droplets in. In order to prevent transmission, people should cover their mouth and nose with a tissue while coughing and wash their hands regularly. Hence, increase in incidence rate of influenza drives the global antiviral combination drug therapies market.

North America to Account for Major Share of Global Antiviral Combination Drug Therapies Market

  • North America is projected to account for major share of the global antiviral combination drug therapies market during the forecast period. The market in the region is anticipated to grow at a rapid pace in the next few years due to increase in incidence of infectious diseases and various government initiatives for the development of novel medications. Europe is expected to be the second largest market during the forecast period.
  • The antiviral combination drug therapies market in Asia Pacific is likely to expand at a high CAGR during the forecast period. This can be attributed to rise in investment in research & development by the private and government organizations and increase in incidence of chronic diseases.

 

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Key Players Operating in Global Antiviral Combination Drug Therapies Market

The global antiviral combination drug therapies market is highly consolidated, with the presence of a small number of key players. Leading players operating in the global antiviral combination drug therapies market are:

  • F. Hoffmann-La Roche Ltd.
  • Gilead Sciences
  • GlaxoSmithKline
  • Bristol-Myers-Squibb
  • Abbott Laboratories
  • AstraZeneca plc.
  • AbbVie, Inc.
  • Schering-Plough Corporation
  • Johnson & Johnson
  • Merck & Co., Inc.

 

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Lavender Oil Market to Record a Robust Growth Rate for the COVID-19 Period

Biometrics Market To Witness High Adoption Rate, Buoyed By The Surge In Online Work Culture During COVID-19 Pandemic, Says PMR

 

 

In its report titled, “Lavender Oil Market: Global Industry Analysis and Forecast, 2016–2024” Persistence Market Insights (PMR) reveals that more than US$ 76 Mn worth lavender oil was consumed worldwide in 2016. The lavender market, particularly in Europe will remain highly lucrative in 2017 and beyond owing to the increasing consumer preference for natural plant derived lavender oil products in the region. Meanwhile, personal care products account for a bulk of the overall demand for lavender globally.

 

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Medicinal Properties of Lavender Oil Boosting its Popularity amongst Consumers 

 

Consumers both in developed and developing countries are spending more on organic essential oil products including lavender oil owing to their health benefits. Lavender oil is considered to have unique properties that are beneficial for the skin, hence, used in various skincare products. Over the years, application of lavender extract, oil and essence in food and beverage products has also increased to a substantial level. Lavender oil application in food and beverage products is expected to create an absolute $ opportunity of US$ 7.65 Mn between 2016 and 2024.

 

Despite the increasing popularity of substituent products such as the lavendin, players operating in the market remain focused on introducing newer lavender oil products. Moreover, development of advanced product formulations methods, especially for personal care products is anticipated to stimulate the market growth.

 

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Additional Highlights from the Report Include 

 

  • According to PMR’s report, global lavender oil market is expected to reach US$ 124.2 Mn, reflecting a CAGR of 6.2% between 2016 and 2024.

 

  • Owing to increasing inclination of consumers towards single oils of high quality and high purity, demand for absolutes and concentrates of lavender oil is likely to surge during the forecast period. In 2016, lavender concentrates accounted for a staggering 49.0% revenue share of the market.

 

  • Lavender oil will continue to find robust application is personal care products during the forecast period. By the end of 2024, personal care products will contribute nearly US$ 45.1 Mn to the global lavender market.

 

In addition to Europe, North America and APAC will remain as the other two leading markets for lavender oil.  Owing to the presence of prominent manufacturers and suppliers of lavender oil in North America, the region’s market is expected to witness a steady growth during the assessment period. The market in APAC is expected to be driven by the growing demand for lavender oil products in emerging countries such as China and India.

 

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Competitive Landscape

  • doTERRA International, LLC
  • Young living essential oils LC
  • Takasago International corporation
  • International Flavours & Fragrances Inc.
  • Aromaland Inc.
  • Symrise AG
  • Givaudan SA
  • Firmenich S A
  • Rocky Mountain Soap Co.

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Tonsil and Adenoid Removal Products Market Trends, Size, Competitive Analysis and Forecast – 2020-2030


Tonsil and Adenoid Removal Products: Introduction

  • Tonsils are the lymph nodes, which are located at each side of the back of the throat. These nodes prevent infections. The primary factor for the growth of the global tonsil and adenoid removal products market is increase in infection in tonsils and adenoid due to bacteria and viruses.

 

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  • Frequent tonsillitis and adenoiditis may require a surgical procedure to remove the tonsil or adenoditis. Tonsillectomy and adenoidectomy are surgical procedures performed to remove tonsils and adenoids. Tonsillectomy or adenoidectomy is also performed to treat breathing problems, snoring, and sleep apnea. People of any age can undergo tonsillectomy or adenoidectomy; however, children are prescribed tonsillectomy for the treatment of tonsillitis. Tonsillectomy surgery devices provide precision for scalpels, help control bleeding, and minimize the risk of tissue damage as compared to conventional electrosurgery. The commercial tonsillectomy surgery devices are operated through radiofrequency energy delivered in short pulses via highly insulated cutting electrode and the pulses cut the tonsils at much lower temperature compared to conventional electrosurgery. Key features of commercially available products are equally useful in dry or wet surgical site, integrated suction, wireless footswitch, and single plug and play functionality.

 

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Key Drivers and Restraints of Global Tonsil and Adenoid Removal Products Market

  • Surge in the number of surgical procedures performed to remove tonsils & adenoids and increase in the inclination toward advanced products are likely to drive the global tonsil and adenoid removal products market during the forecast period
  • Increase in the number of primary end-users such as hospitals, ambulatory surgery centers, and specialized clinics is also propelling the global market
  • Rise in adoption of technologically advanced instruments in developing countries, user-friendliness in case of minimum invasive surgery, rise in investments in R&D in developed as well as developing countries, and increase in number of hospitals are the other factors projected to augment the global tonsil and adenoid removal products market during the forecast period. Moreover, lower cost of tonsil and adenoid removal products and increase in government initiatives are anticipated to drive the global tonsil and adenoid removal products market in the next few years.

Asia Pacific to Lead Global Tonsil and Adenoid Removal Products Market

  • The tonsil and adenoid removal products market in several countries in Asia, including Malaysia, India and China, is untapped or significantly underpenetrated compared to countries in North America and Europe. This is due to lack of access to advanced tonsil and adenoid removal products in these countries. These markets offer immense opportunities in the tonsil and adenoid removal products market due to presence of large potential population base coupled with continuous economic development in several countries across Asia. Geographic expansion by global players in Asia Pacific through distribution and licensing agreements with local distributors and rise in of number of tonsillectomy & adenoidectomy procedures in the region are likely to fuel market in Asia Pacific during the forecast period.

 

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Key Players Operating in Global Tonsil and Adenoid Removal Products Market

Manufacturers in the global tonsil and adenoid removal products market are increasingly investing in research & development of new and innovative techniques to manufacture advanced products for screening. These players also focus on offering highly efficient and reliable products.

Leading companies operating in the global tonsil and adenoid removal products market are:

  • B. Braun Melsungen AG
  • CONMED Corporation
  • Covidien plc
  • Johnson & Johnson
  • Medtronic, Inc.
  • Stryker Corporation
  • Zimmer Holdings

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Medical Electrical Bathtub Market Size Study by Product, Indication and Current Analysis with Forecast to 2027


Medical Electrical Bathtub: Introduction

  • Electric bathtubs are being used by people or patients, who are unable to move due to mobility issues
  • Electric bathtubs are also promoted by manufacturers as an equipment of well-being with  better safety and a luxury bathing experience
  • Medical electric bathtubs are ideal for patients with reduced posture control. The design of bathtub allows easy patient access and prevents risk of caregiver back strain.
  • Some of electric bathtubs are equipped with AudioSpa, AromaSpa, HydroSpa, and ColourSpa treatment options, which enable patients to benefit from the therapeutic benefits of aromatherapy, color, music, and massage

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Key Drivers of Global Medical Electrical Bathtub Market

  • Factors such as increase in global geriatric population and rise in number of people with physical disability are expected to drive the global medical electrical bathtub market during the forecast period
  • Aging is associated with decline in support for long-term caregiving from families and highly expensive formal long-term caregiving services. Hence, these structural changes in the society are likely to lead to rise in demand for equipment such as mobility devices, medical furniture, and bathroom support systems, including medical electric bathtubs.
  • A study published in the American Journal of Medicine revealed that the U.S. population is aging rapidly. Increase in life expectancy would result in doubling of the population aged 65 years or above to reach 81 million by 2040, as against 40 million in 2010.

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Height-adjustable Segment to Grow at Rapid Pace during the Forecast Period

  • In terms of type, the global medical electrical bathtub market can be divided into height-adjustable, with side access, with lift seat, with shower seat, and others
  • The height-adjustable segment is anticipated to grow at a rapid pace during the forecast period
  • Increase in product offerings from the leading manufacturers in the height-adjustable bathtub segment is expected to drive the segment during the forecast period. For instance, Arjo offers brands such as Rhapsody, Primo, and Harmonie, with various bathing solutions to meet the needs of all mobility levels. The company’s bathtubs are fully height-adjustable.

North America to Dominate Global Medical Electrical Bathtub Market

  • In terms of region, the global medical electrical bathtub market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global medical electrical bathtub market during the forecast period.
  • Large geriatric population and increase in mobility-related diseases requiring mobility aid devices are anticipated to drive the medical electrical bathtub market in the region during the forecast period
  • According to the Population Reference Bureau, the number of people aged above 65 years is likely to more than double from 45 million in 2018 to 98 million by 2060
  • The medical electrical bathtub market in Asia Pacific is expected to expand at a relatively high CAGR of during the forecast period, owing to an increase in focus on the development of health care infrastructure by public as well as private hospitals along with a rise in demand for affordable care in a significant base of patient population.

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Key Players Operating in Global Medical Electrical Bathtub Market

Key players operating in the global medical electrical bathtub market are:

  • Arjo
  • Easy life
  • Kingkraft
  • BEKA Hospitec GmbH
  • Reval Group
  • Horcher
  • TR Equipment

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Vanilla Bean Market to Cross US$ 3.5 Bn Valuation by 2030; Reduced Demand from End-use Industries Amid Covid-19 Pandemic

Global Digital Payment And Security Market to Grow at Steady Pace, Driven By Surge in Online Orders during COVID-19 Pandemic Lockdown, Says PMR

 

Vanilla and vanillin are the most preferred flavors among consumers. Food and beverage products such as vanilla ice cream, vanilla-based beverages, and vanilla flavored chocolate are among the highly consumed food products across the world. The demand for vanilla-flavored food products is also on the rise, attributable to the ability of vanilla to enhance the taste of a wide range of desserts and confectionery items. Moreover, vanilla-flavored alcoholic beverages are also gaining traction. With an increased number of applications of vanilla flavor, the vanilla bean market is anticipated to exhibit healthy growth through 2030.

 

  • For instance, in 2019, Coca-Cola North America launched its new flavors – Coke Orange Vanilla and Coke Orange Vanilla Zero Sugar – in Canada. These newly launched beverages are blended with extracts of vanilla from vanilla beans and oranges to provide a refreshing taste.

 

The global vanilla bean market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period (2020 to 2030). The global vanilla bean market is estimated to rise at a steady CAGR of 5% during the forecast period.

 

Key Takeaways from Vanilla Bean Market Study

 

  • By origin, bourbon will dominate the vanilla bean market during the forecast period with the highest market value share, owing to the higher production vanilla beans as compared to the other origins.

 

  • The cosmetics & personal care segment under end use is projected to witness the highest growth rate, attributable to the increasing use of vanilla extracts in cosmetics products.

 

  • Processed vanilla beans are witnessing the highest market value share in the global vanilla bean market; a major contributing factor is the multi-industrial use of vanilla powder, vanilla liquid, and vanilla paste.

 

  • Use of vanilla bean products as an ingredient is expected to increase in numerous alcoholic beverage products, owing to the rising consumption of flavored alcoholic beverages across the world.

 

  • High use of vanilla beans in the food industry is still a dominating aspect for the vanilla bean market. The major contributing factor for this is the higher usage of vanilla flavor in the confectionery and bakery industry, subsequently expanding the use of vanilla in more food applications such as baby food, powder premixes, and others.

 

  • Due to the coronavirus pandemic, the export of vanilla beans has slowed down as a result of trade bans imposed by many countries. The pandemic has had an immediate negative impact on the demand for vanilla beans from food processors and manufacturers. The procurement cycle will be impacted but demand is expected to increase again in the third and fourth quarters  of 2020

 

  • Post pandemic, more stringent export protocols and regulations may be outlined. This may continue to impact the supply chain of vanilla bean suppliers and food processors. The aftereffects of COVID-19 will enhance digitalization of the supply chain and will minimize the lead time of procuring products.

 

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“Manufactures in the vanilla bean market could acquire extensive profits by targeting cosmetic manufacturers, due to increasing use of vanilla processed ingredients in the cosmetics & personal care industry, Moreover, rising utilization of vanilla flavor in the pharmaceutical industry is another advantageous factor for the market. However, the growing impact of COVID-19 on the food & beverage industry could hamper the growth of the vanilla bean market in the near term,” says a PMR analyst.

 

Vanilla Bean Market: Competitive Landscape

 

The vanilla bean market is consolidated in nature. Key players operating in the market are adapting their market strategies to benefit the most from prevailing market trends. Leading manufacturers are adopting strategies such as geographic expansion and strengthening their supply chains. Additionally, manufacturers are aiming to cater to the rising number of health-conscious consumers to gain a competitive advantage in the landscape.

 

Explore More Valuable Insights on Vanilla Bean Market

 

Persistence Market Research, in its new report, offers an impartial analysis of the global vanilla bean market, presenting historical data (2015-2019) and estimation statistics for the forecast period of 2020-2030. The study offers compelling insights on the vanilla bean market based on nature (organic and conventional), grade (grade A and grade B), origin (Bourbon, Mexican, Indonesian, Ugandan, Tahitian, and others), type (raw and processed), end use (food, beverages, cosmetics and personal care,  pharmaceuticals, and household), and distributional channel (business to business and business to consumer), across seven regions.

 

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About Food & Beverage Division at Persistence Market Research

 

The Food and Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients, worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, our team is happy to help with every unique business intelligence research and consulting requirement.

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