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According to a new market research report “Smart Packaging Market by Packaging Technology (Modified Atmosphere Packaging, Active Packaging {Ethanol Emitters}, Intelligent Packaging {Indicators}), by Application (Food and Beverages, Pharmaceuticals, Automotive), Geography– Global Forecast To 2027”, published by Meticulous Research^®, the smart packaging market is poised to reach $43.6 billion by 2027, at a CAGR of 5.2% from 2020.

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The growth in this market is backed by a growing proportion of older people and changes in consumer lifestyles, increasing demand for advanced packaging solutions from the food processing and pharmaceutical sector, growing consumer concern for food wastage reduction, and demand for smart and functional packaging. Moreover, the growing e-commerce market and rising industrialization in the emerging economies, including India and China, coupled with strong demand for superior logistics and supply chain management, are likely to drive the industry over the forecast period. However, the high cost and unwillingness of brand owners to pay an additional cost of smart packaging are expected to hinder the growth of this market to some extent.

The overall smart packaging market is mainly segmented by packaging technology (modified atmosphere packaging (MAP), active packaging, and intelligent packaging), application (food & beverages, pharmaceuticals, automotive, personal care, and others), and geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa).

Based on packaging technology, the modified atmosphere packaging segment is estimated to command the dominant share of the overall smart packaging market in 2020. The dominant position of this segment is mainly attributed to the increasing demand for fresh and high-quality packaged food products such as bread, fruits and vegetables, processed meat, fish, seafood, and dairy products. Further, on-the-go lifestyle, shift towards easy-to-handle & convenient packaging, and emerging economies propel the demand for modified atmosphere packaging in the market.

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However, the cost of gas packaging machinery and packaging materials used in modified atmosphere packaging is high. This can hinder the growth of modified atmosphere packaging market. Further, the intelligent packaging segment is expected to grow with the fastest CAGR during the forecast period. The fast growth of this segment is primarily attributed to the increasing demand for packaged food, rising inclination towards food safety from chemicals and contamination by food manufacturers, and increased prevalence of the drugs that have high moisture sensitivity. In addition, growing advances in packaging technology and investments in research and development are some of the major market drivers, fueling the market growth in the forecast period.

Based on application, the food & beverage segment is estimated to hold the largest share of the overall smart packaging market in 2020. The large share of this segment is mainly attributed to the rising use of active products in the food & beverage industry coupled with growing emphasis to preserve the quality and safety of packaged products from manufacturing to the time the food is consumed. Further, consumers demand healthy, safe, and higher‐quality foods, with long shelf‐life, and growing demand for self-heating and cooling packaged products in the beverage industry is expected to fuel demand for such products in North America and Europe over the forecast period. However, the pharmaceutical segment is expected to grow with the fastest CAGR during the forecast period. The fast growth of this segment is primarily attributed to the growing aging population, increasing integration of barcodes, RFID, and sensors technology in the pharmaceutical industry to monitor the details about medicines’ expiry date, consumption, dosages, and the rising advances in the pharmaceutical industry.

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Geographically, North America is estimated to command the largest share of the global smart packaging market in 2020. The leading position of North America in the global smart packaging market is primarily attributed to the rise in the adoption of smart packaging solutions due to the rising demand for packaged and frozen foods, increased food safety concerns within the population, and changing lifestyle due to urbanization. Further, changing government regulations regarding safer food and packaging, growing food waste, and rising demand for quality packaging to extend shelf life is driving the market for smart packaging in North America. However, the high cost of smart packaging is projected to hamper the global smart packaging market growth. Moreover, Asia-Pacific is expected to grow with the fastest CAGR during the forecast period. The fast growth of this region is primarily attributed to the changing lifestyles of people, increasing demand for packaging solutions with longer sustainability, and growing demand for fresh and quality food. Further, an increase in counterfeit products in developing countries such as India and China has also compelled companies to use technologies like RFID during packaging. However, security and privacy issues in the case of intelligent packaging systems are expected to challenge the market’s growth over the forecast period.

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the smart packaging market over the last four years. The key players operating in the global smart packaging market are 3M, Avery Dennison Corporation, American Thermal Instruments, Temptime Corporation, Smartrac N.V., BASF SE, Thin Film Electronics ASA, Stora Enso, International Paper, Amcor plc, Emerson Electric Co., R.R. Donnelly & Sons (RRD) Company, Sealed Air Corporation, and Smartglyph Ltd. among others.

To gain more insights into the market with a detailed table of content and figures, click here:  https://www.meticulousresearch.com/product/smart-packaging-market-5119/

Scope of the Report:

Smart Packaging Market, by Packaging Technology

• Modified Atmosphere Packaging (MAP)
• Active Packaging
  • Oxygen Scavengers
  • Moisture Scavengers
  • Self-Venting Films
  • Ethylene Scavengers &Emitters
  • Microwave Susceptors
  • Antibacterial Films
  • Temperature Control Packaging
  • Carbon Dioxide Scavengers/Emitters
  • Ethanol Emitters
  • Flavour/Odour Absorbers
  • Antioxidants
• Intelligent Packaging
  • Indicators
  • Sensors
    • Bio Sensors
    • Gas Sensors
  • Data Carriers
    • Barcodes
      • 2D Matrix Codes
      • Quick Response Codes
      • Augmented Matrix Codes
    • RFID Tags

Smart Packaging Market, by Application

• Food & Beverages
• Pharmaceuticals
• Automotive
• Personal Care
• Others

Smart Packaging Market,by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Vietnam
  • Rest of The Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Peru
  • Rest of Latin America
• Middle East and Africa

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According to a new market research report titled, “IoT Security Market by Component (Solutions, Services), Type (Network Security, Cloud Security), Deployment Mode, Organization Size, Application (Smart Manufacturing, Smart Retail), End-use Industry (Manufacturing, Retail, and Others) — Global Forecasts to 2029”, published by Meticulous Research^®, the IoT security market is expected to grow at a CAGR of 21.2% from 2022–2029 to reach $59.16 billion by 2029.

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The Internet of Things (IoT) security is a technological solution used for safeguarding networks of connected devices. The security solutions aim to eradicate vulnerabilities and equip devices to identify, resist and recover from cyber-attacks. Several industries and organizations, including manufacturing, government, retail, and healthcare, are deploying this technology worldwide on a considerable scale. Growing IoT deployment, the increasing number of ransomware attacks on IoT devices, and growing IoT security regulations are the key factors driving the growth of the IoT security market. However, the increase in new variants of IoT threats and the negative impacts of the COVID-19 pandemic on the global economy are expected to restrain the growth of this market to some extent.

Impact of COVID-19 on the IoT Security Market

The COVID-19 pandemic adversely impacted the global economy. Several countries imposed strict lockdowns to contain the infection, leading to the closure of manufacturing industries and disruptions in supply chains and production schedules. There have been significant impacts on technology supply chains globally. Uncertainty regarding the duration of the lockdowns and supply chain disruptions made it an arduous task for industry players to anticipate the resurgence in the IoT security industry. Thus, the crisis caused structural shifts that had significant implications on this industry.

The lockdown negatively impacted the manufacturing, automotive, retail, and transportation industries. However, the adoption of IoT security witnessed a significant rise in the healthcare sector. The rapid spread of the COVID-19 outbreak strained the global healthcare networks and systems, affecting critical, life-saving operations and processes. Also, with the rise of telemedicine and remote working due to the COVID-19 pandemic, vigilance became an even greater priority in the healthcare sector. Therefore, healthcare facilities increasingly adopted IoT security technology to control fraud related to health devices and patient data security. Also, IoT security solutions play a significant role in handling uncertainties in the manufacturing sector. These solutions facilitate secure communication, unified threat management, and identity and access management. Such applications have helped the IoT security market sustain during the COVID-19 crisis.

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IoT Security Market Overview

The IoT security market is segmented based on component (solutions, services), type (network security, endpoint security, application security, cloud security, other security types), deployment mode (on-premises, cloud-based), organization size (small & medium enterprises, large enterprises), application (smart manufacturing, smart retail, smart energy management, connected cars, connected logistics, connected healthcare, smart supply chain, other applications), end user (manufacturing, government & public, retail, consumer electronics, automotive, healthcare, energy & utilities, supply chain & logistics, transportation, and other end users), and geography. The study also evaluates industry competitors and analyses the market at the country level.

Based on component, the solutions segment accounted for the largest share of the overall IoT security market in 2021. The large share of this segment is mainly attributed to the growing number of IoT deployments, the increasing focus on solution-centric security capabilities, and the rising vulnerabilities on IoT devices. In addition, the benefits offered by IoT security, such as high performance, reliability, comprehensive vulnerability coverage, efficiency, and real-time applications, further augment the growth of this segment. However, the service segment is expected to record the fastest growth during the forecast period due to the wide adoption of IoT security services across numerous industry verticals.

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Based on type, the network security segment accounted for the largest share of the overall IoT security market in 2021. The large share of this segment is mainly attributed to the rising incidences of data breaches, the growing demand for filtering and monitoring network traffic, and the increasing need to protect connected network infrastructure. However, the cloud security segment is expected to record the fastest growth during the forecast period. The rising need to secure workload on the cloud is expected to support the growth of this segment.

Based on application, the smart manufacturing segment accounted for the largest share of the overall IoT security market in 2021. The large share of this segment is mainly attributed to the growing cybersecurity risks, the rising demand for real-time security monitoring, and the growing automation in the industry. However, the connected logistics segment is expected to record the fastest growth during the forecast period.

Based on geography, North America accounted for the largest share of the global IoT security market in 2021. The large share of this region is attributed to the presence of prominent players offering advanced IoT security solutions and services to various sectors in the region. Also, in 2020, the U.S. government passed a new IoT cybersecurity law, the NIST Internet of Things Cybersecurity Improvement Act, to increase cybersecurity for IoT devices. Thus, favorable government initiatives across the region and investments by major IoT security companies are further accelerating the growth of this market in the region.

However, Asia-Pacific region is expected to witness rapid growth during the forecast period. The region is transforming dynamically with respect to the adoption of new technologies across various sectors. The infrastructural growth in APAC, especially in China, South Korea, Australia, Singapore, Japan, and India, and the high IoT penetration provide huge opportunities for the IoT security solutions. For instance, according to GSMA Intelligence, the number of IoT connections in Asia-Pacific is expected to grow to 11.5 billion by 2025.

The key players operating in the global IoT security market are Cisco Systems, Inc. (U.S.), Forescout Technologies, Inc. (U.S.), Fortinet, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), Rapid7, Inc. (U.S.), Armis, Inc. (U.S.), Microsoft Corporation (U.S.) Entrust Corporation (U.S.), Karamba Security Ltd. (Israel), ForgeRock, Inc. (U.S.), IBM Corporation (U.S.), Checkpoint Software Technologies, Ltd. (Israel), Allot Communications Ltd. (Israel), JFrog, Inc. (U.S.), Broadcom, Inc. (U.S.), and PTC, Inc. (U.S.) among others.

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Scope of the Report

IoT Security Market, by Component                              

• Solutions
  • Identity and Access Management
  • Data Encryption and Tokenization
  • Intrusion Detection System/Intrusion Prevention System
  • Distributed Denial of Service Protection
  • PKI Lifecycle Management
  • Secure Communications
  • Unified Threat Management
  • Security Analytics
  • Other Solution (Incidence Response System, Device Authentication and Management)
• Services
  • Professional Services
    • Consulting services
    • System Integration Services
    • Training and Maintenance Services
  • Managed Services

IoT Security Market, by Type

• Network Security
• Application Security
• Cloud Security
• Endpoint Security
• Other Security Types (Email Security, Web Security)

IoT Security Market, by Deployment Mode

• On-premises
• Cloud-based

IoT Security Market, by Organization Size

• Large Enterprises
• Small & Medium Enterprises

IoT Security Market, by Application

• Smart Manufacturing
• Smart Retail
• Smart Energy Management
• Smart Supply Chain
• Connected Healthcare
• Connected Logistics
• Connected Cars
• Other Applications (Smart Education, Smart Agriculture)

IoT Security Market, by End-use Industry                     

• Manufacturing
• Government & Public
• Retail
• Smart Consumer Electronics
• Healthcare
• Automotive
• Energy & Utilities
• Supply Chain Logistics
• Transportation
• Other End-use Industries (Education, BFSI, Agriculture, etc.)

IoT Security Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia and New Zealand
  • Singapore
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Rest of MEA

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According to a new market research report titled, ‘Smart Lighting Market by Offering (Hardware, Software, Services), Connectivity Mode (Wired, Wireless [Bluetooth, Wi-fi, Others], Hybrid), Application (Indoor [Residential, Commercial and Industrial], Outdoor) and Geography—Global Forecast to 2029’, the smart lighting market is expected to reach $39.91 billion by 2029, at a CAGR of 12.2% from 2022 to 2029.
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Smart lighting is defined as an LED-based lighting system with integrated sensors and controllers that are networked (either wired or wireless), enabling lighting products within the system to communicate and exchange data with other devices. Smart lighting is considered the new frontier of the global lighting industry, as there is an increasing trend of smart homes, the Internet of Things (IoT), and a connected world. In terms of major applications of smart lighting, the industry is currently focused on light intensity dimming, lighting color temperature adjustment, ambient sensing, and monitoring.

The growth of this market is driven by factors such as the rising demand for IoT-enabled lighting fixtures and smart lighting solutions, the growing need for energy-efficient lighting systems, and increasing smart home penetration. In addition, the rapid transition from traditional lighting to connected lighting solutions and the growing proliferation of smart cities are expected to offer significant opportunities for the growth of this market. However, the high initial costs of smart lighting equipment and accessories can restrain the growth of this market.

Impact of COVID-19 on the Smart Lighting Market

The COVID-19 pandemic emerged in Wuhan, China, in December 2019. By March 2020, the virus had spread to most countries, with the WHO declaring COVID-19 a global pandemic. Governments worldwide imposed countrywide lockdowns to control the spread of the infection. The restrictions impacted manufacturing operations, with production facilities either completely shutting down or running at reduced capacities to ensure social distancing and employee safety. Most industries came to a standstill due to raw material & workforce shortages, supply chain disruptions, and restrictions on international trade. The pandemic impacted many businesses, including smart lighting.

With travel bans in place and logistics suspensions, the import of lighting supplies becomes quite challenging. Moreover, lighting production outlets came near a halt as their workforce could not resume their duties due to social distancing norms. The impact on the supply chain did not just slow down the lighting projects but also ongoing installations. For safety reasons, many energy efficiency agencies suspended residential and commercial lighting programs that helped homeowners and businessmen pay for retrofits and new installations. Even if the agencies would provide lighting services, customers did not undertake new lighting installations because of the uncertain future.

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Furthermore, the Department of Energy encouraged non-profit grantees to limit low-income weatherization projects. The COVID-19 impact on the lighting industry pushed demand to its lowest.

In the later part of the COVID-19 pandemic, the smart lighting market witnessed steady growth, with businesses starting to function normally and residential requirements. The demand for smart lighting increased as it could be operated with minimal to low touch through voice commands and motion, reducing the chances of surface touching and contracting COVID-19 among users. Office spaces and homes exhibited a high preference for smart lighting, which is expected to persist in the coming years.

The smart lighting market is segmented by offering (hardware, software & services), connectivity mode (wired, wireless (Bluetooth, Wi-Fi, others), & hybrid), application (indoor (residential, commercial and industrial), & outdoor) and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on offering, the smart lighting market is segmented into hardware, software, and services. In 2022, the hardware segment is expected to account for the largest share of the global smart lighting market. The large market share of this segment is mainly attributed to factors such as rising penetration of smart lights, rising demand for intelligent streetlights in developing countries and rising popularity of connected lighting bulbs and fixtures that can change hues, dim lights, and switch on/off using a controlling device such as a smartphone or tablet.

However, the software segment is expected to register the highest CAGR during the forecast period. The software application is required to facilitate the controlling of lights using smartphones or tablets. The apps also help connect smart lights with smart platforms such as Alexa, Crotona, and Siri to control using voice commands. The immense popularity of creating an ambient atmosphere and aiding in data collection in smart cities is expected to boost segment growth over the forecast period.

Based on connectivity mode, the smart lighting market is segmented into wired, wireless, and hybrid. The wireless segment is further segmented into Bluetooth, Wi-Fi, and other connectivity modes. In 2022, the wired segment is expected to account for the largest share of the global smart lighting market. The wired connectivity mode is more reliable than other modes, as these standards have minimal signal distortion. Although the system offers two-channel communication, the wired protocol & standards lack the flexibility and connectivity convenience offered by wireless protocols & standards. Consequently, consumers are gradually shifting toward wireless connectivity mode. However, hybrid protocols & standards are expected to register the fastest growth during the forecast period. The hybrid connectivity mode provides wired protocols reliability and ample wireless protocol flexibility. Due to the convenience offered, the hybrid connectivity mode is expected to gain significant momentum in the coming years.

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Based on application, the smart lighting market is segmented into indoor and outdoor. In 2022, the outdoor segment is expected to account for the largest share of the global smart lighting market and is also expected to register the highest CAGR over the forecast period. The large market share of this segment is mainly attributed to factors such as increasing adoption of energy-efficient lighting solutions, growing government initiatives toward energy efficiency, modernization and development of infrastructures such as smart cities that lead to the implementation of lighting systems, reduction in the prices of LEDs, and penetration of LEDs as a light source in outdoor lighting applications, such as architectural, highways & roadways, and public places.

Based on geography, the smart lighting market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the smart lighting market. Factors such as increasing awareness about energy conservation, government policies encouraging energy conservation and environment protection, high disposable income, improved standard of living, and increased deployment of smart lighting solutions in residential, commercial, and government sectors are accelerating the growth of the smart lighting market in Europe.

The Asia-Pacific region saw significant growth in the smart lighting market in recent years and is expected to register the highest CAGR during the forecast period. A surge in government initiatives to promote energy-efficient lighting systems, an increasing number of smart city projects, and increasing investments by the government in public infrastructure are increasing the growth of the market in the region.

The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants between 2020 and 2022. The key players operating in the smart lighting market are Signify Holding (Netherlands) [formerly known as Philips Lighting N.V, Legrand (France)], Acuity Brands, Inc. (U.S.), Lutron Electronics Co., Inc (U.S.), Leviton Manufacturing Co., Inc. (U.S.), Zumtobel Group (Austria), Honeywell International Inc. (U.S.), Hubbell Incorporated (U.S.), GE Current (U.S.), Dialight plc (U.K.), Cree Lighting (U.S.), [a subsidiary of Ideal Industries, Inc. (U.S.)], Enlighted Inc. (U.S.) [a subsidiary of Simens AG (Germany)], Panasonic Holdings (Japan), LightwaveRF PLC (U.K.), RAB Lighting Inc. (U.S.), Synapse Wireless (U.S.), Syska LED (India), Wipro Enterprises (India), LG Electronics (South Korea), and ABB Ltd (Switzerland).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/smart-lighting-market-5362

Scope of the report:

Smart Lighting Market by Offering

• Hardware
• Software
• Services

Smart Lighting Market, by Connectivity Mode

• Single Connectivity
  • RFID
  • Bluetooth
  • Wi-Fi
  • Other Single Connectivity Modes
• Multi Connectivity

Smart Lighting Market, by Application

• Indoor
  • Residential
  • Commercial and Industrial
• Outdoor
  • Highways & roadways
  • Public places
  • Bridges & tunnels
  • Other Outdoor Applications

Smart Lighting Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Netherlands
  • Sweden
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Australia & New Zealand
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Rest of Middle East & Africa

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 According to a new market research report titled, “Black Soldier Fly Market by Product (Protein Meals, Whole Dried Larvae, Biofertilizers {Frass}, Larvae Oil, Others {Cocoons, Pupa}), Application (Animal Feed, Agriculture, Pet Food, Others), and Geography– Global Forecast to 2033,” in terms of value, the global black soldier fly market is expected to grow 30.5% CAGR from 2022 to reach $3.96 billion by 2033. In terms of volume, this market is expected to grow 36.9% CAGR from 2022 to reach 8,003.7 thousand tons by 2033.

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Over the last decade, the world has witnessed enormous growth in the aquaculture sector. Nutrition and feeding play a central and essential role in the sustained development of aquaculture. Hence, fertilizers and feed resources continue to dominate aquaculture needs.

In fish farming, nutrition is critical because feed represents 40-50% of the production cost. Fish nutrition has advanced dramatically in recent years by developing new balanced commercial diets that promote optimal fish growth and health. The essential nutrients for fish growth are amino acids, fatty acids, vitamins, minerals, and energy-yielding macronutrients (protein, lipid, and carbohydrate). Further, it is projected that the aquaculture sector will expand to 93 million tons by 2030 (Source: FAO).

BSF larvae contain high amounts of protein (~40%) and have a well-balanced profile of essential amino acids. Therefore, it can be used as an alternative source of protein for fish feed. Owing to these factors, some countries have approved insect-based meals, such as BSFL, for aquafeed applications. Thus, the growing aquaculture industry and government approvals of insects as aquafeed are expected to spur the demand for BSF in the aquaculture industry.

The growth of the global black soldier fly market is increasing mainly due to rising global meat demand. Moreover, an increasing number of health-conscious consumers are demanding environmentally safe and chemical-residue-free meat. Such factors are leading meat producers to adopt insect-derived ingredient feed, such as BSFL protein meals. Furthermore, insects are an inexpensive alternative protein source compared to fish and soy meals for animal feed. Hence, insects contribute high-quality and low-price feed for livestock, poultry, and fish.

Impact of COVID-19 on the Black Soldier Fly Market

The outbreak of COVID-19 significantly impacted public health, all stages of the supply chain, and various industries. Since the COVID-19 virus outbreak in December 2019, the disease spread to almost 100 countries worldwide, with the World Health Organization declaring it a public health emergency. The global impacts of the COVID-19 significantly affected the black soldier fly market in 2020.

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However, in some regions, lockdowns were announced to control the pandemic, impacting the movement of vehicles carrying livestock, feed, and feed ingredients. Due to the risk of animal feed, suppliers slowed their production or closing altogether. Farmers were concerned they may need to slow or stop slaughterhouse operations and keep their animals for longer due to lower demand, requiring them to use more feed than usual. Even delivery trucks were difficult to procure. These factors led to livestock farms building up two-week supplies of feed when normally they might only keep enough for one or two days. For example, Purina Animal Nutrition LLC, which uses black soldier fly as a feed ingredient, has seen a slight increase in its livestock business sales. In addition, Cargill had seen its global feed sales volume grow by 10% or more in March 2020.

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The black soldier fly market is mainly segmented based on product, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on product, in terms of value, the protein meal segment is estimated to account for the largest share of the global black soldier fly market in 2022. The large share of this market is mainly attributed to the increasing demand for protein meals from animal feed manufacturers, increased fish meal and soy meal prices, and government support and approval for an insect meal to be used in animal feed. Moreover, in terms of volume, the biofertilizers (frass) segment is expected to command the largest share of the global black soldier fly market in 2022. Growing waste from restaurants, agriculture, and food & drink industries; rising urbanization in developing countries; and growing awareness regarding the use of black soldier fly larvae to convert waste into organic fertilizer are some of the major factors driving the growth of the BSF biofertilizers market.

Based on application, the animal feed segment is estimated to witness rapid growth during the forecast period. The fast growth of this market is mainly attributed to the growing demand for animal-derived products and subsequent increase in the demand for protein-rich animal feed, rising soy meal prices, and government approval for the BSF to be used as a feed ingredient. Also, the growing adoption of insects as an alternative source of protein for animal feed offers immense opportunities for market growth.

Geographically, Europe is estimated to account for the largest share of the global black soldier fly market in 2022. The major share of this market is mainly attributed to the growing aquaculture industry, rising awareness of an alternative protein source for use in animal feed, and increased fish meal prices. This region is expected to grow at the fastest CAGR during the forecast period. Moreover, in terms of volume, this region is also expected to command the largest share of the global black soldier fly market in 2022.

Some of the key players operating in the global black soldier fly market are Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight LLC (U.S.), Bioflytech (Spain), Entobel Holding PTE. Ltd. (Singapore), Entofood (Malaysia), Sfly (France), Hexafly (Ireland), F4F (Chile), Nutrition Technologies Group (Malaysia), nextProtein (France), and Protenga Pte Ltd (Singapore), among others.

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Scope of the Report:

Black Soldier Fly Market, by Product

• Protein Meals
• Biofertilizers (Frass)
• Whole Dried Larvae
• Larvae Oil
• Others (Live, Larvae, Adult, Cocoon, & Pupa)

Black Soldier Fly Market, by Application

• Animal Feed
• Agriculture
• Pet Food
• Others

Black Soldier Fly Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Netherlands
  • France
  • U.K.
  • Germany
  • Finland
  • Denmark
  • Belgium
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • South Korea
  • Japan
  • Malaysia
  • Vietnam
  • Thailand
  • Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East & Africa

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According to a new market research report titled, ‘Neuromodulation Systems Market by Type (Spinal Cord, Sacral Nerve, Vagus Nerve, Deep Brain Stimulation), Application (Parkinson’s Disease, Tremor, Depression, Epilepsy, Gastroparesis, Obesity, Psychiatry, Neurology, Pediatry) – Global Forecast to 2030,’ published by Meticulous Research^®, the neuromodulation systems market is projected to reach $10.29 billion by 2030, at a CAGR of 8.2% from 2023 to 2030.

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Neuromodulation devices are medical devices that alter the activity of specific nerve fibers by delivering electrical, chemical, or other forms of stimulation to target areas in the body. These devices are used to treat various conditions, such as chronic pain, movement disorders, depression, and others, by changing the activity of nerve cells (neurons) in a specific area.

Neuromodulation devices can be implantable or external and include, for example, spinal cord stimulators, deep brain stimulators, vagus nerve stimulators, sacral nerve stimulators, and transcutaneous electrical nerve stimulators (TENS). Neuromodulation aims to modify neural activity in a controlled and reversible manner to alleviate symptoms or improve function.

The factors driving the growth of this market are the high prevalence of neurological disorders and nerve injuries, advancements in neuromodulation & neurostimulation technologies, and expanding applications of neuromodulator systems due to clinical trials.

Furthermore, emerging economies and the increasing demand for non-invasive devices are expected to offer growth opportunities for market expansion. However, the shortage of skilled healthcare professionals and regulatory barriers and recall of neuromodulator systems pose a major challenge to the growth of the neuromodulation systems market.

Advancements in Neuromodulation Systems to Drive the Growth of the Neuromodulation Systems Market

The advancements in neuromodulation technology have been largely driven by the miniaturization of devices, the increasing complexity of tasks they can perform, and the improved understanding of neural responses to stimulation. As technology in integrated circuits and batteries has improved, the size of neuromodulation devices has decreased; however, the functional requirements for these devices have become more complex.

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Key factors driving the development of neuromodulation therapies are the growing need for improved surgical procedures, increased control over programming parameters, and easier patient interactions. However, there is a growing recognition that future advancements must focus on meeting the needs of patients outside of clinical settings while also keeping healthcare providers informed. This has led to a focus on advancements in diagnostics, therapy, and disease management within the field of neuromodulation, which enables the seamless integration of digital technology with these therapies for improved patient care.

The neuromodulation systems market is segmented by Type (Internal Neuromodulation {Spinal Cord Stimulation (SCS) [Failed Back Surgery Syndrome (FBSS), Post-surgical Pain, Arachnoiditis, Other SCS Applications], Deep Brain Stimulation (DBS) [Parkinson’s Disease, Essential Tremor, Depression, Other DBS Applications], Sacral Nerve Stimulation (SNS) [Urine incontinence, Fecal incontinence], Vagus Nerve Stimulation (VNS) [Epilepsy, Depression], Gastric Electrical Stimulation [Gastroparesis, Obesity]}, External Neuromodulation {Transcranial Magnetic Stimulation (TMS) [Psychiatry, Neurology, Pediatry, Other TMS Applications], Transcutaneous Electrical Nerve Stimulation [Deperession, Other TENS Applications], Respiratory Electrical Stimulation}) and Geography. The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

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Based on type, the neuromodulation systems market is segmented into internal neuromodulation and external neuromodulation. In 2023, the internal neuromodulation segment is expected to account for the largest share of this market. The factors contributing to the large market share of this segment are effectiveness, long-term use, durability, increased safety, and improved patient compliance offered by internal neuromodulation systems. Internal neuromodulation systems do not require patients to wear or carry external equipment, making them more convenient and comfortable. The internal neuromodulation segment is further subsegmented into spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, and gastric electrical stimulation. In 2023, the spinal cord segment is expected to account for the largest share of the market. Spinal cord stimulators are used to treat and manage chronic pain, failed back surgery syndrome, arachnoiditis, post-surgical pain, heart pain, injuries to the spinal cord, and other conditions. The increasing prevalence of these target diseases among the aging population contributes to the high demand for spinal cord stimulators.

In 2023, North America is expected to account for the largest share of the neuromodulation systems market due to the well-established healthcare system, significant investments in healthcare, high prevalence of neurological disorders among the geriatric population, and availability of advanced treatment options.

The report also includes an extensive assessment of the key growth strategies adopted by major market players between 2020 and 2023. The neuromodulation systems market has recently witnessed several product launches, collaborations, and acquisitions.

Some of the key players operating in the neuromodulation systems market are LivaNova PLC (U.K.), Nevro Corp. (U.S.), Medtronic plc (Ireland), Abbott Laboratories (U.S.), NeuroSigma, Inc. (U.S.), Neuronetics, Inc. (U.S.), NeuroPace, Inc. (U.S.), Bioventus Inc. (U.S.), MicroTransponder, Inc. (U.S.), Soterix Medical, Inc. (U.S.), Boston Scientific Corporation (U.S.), Synapse Biomedical Inc. (U.S.), and Aleva Neurotherapeutics SA (Switzerland).

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Scope of the Report:

Neuromodulation Systems Market, by Type

• Internal Neuromodulation
  • Spinal Cord Stimulation (SCS), by Application
    • Failed Back Surgery Syndrome
    • Post-surgical Pain
    • Arachnoiditis
    • Other SCS Applications
  • Deep Brain Stimulation (DBS), by Application
    • Parkinson’s Disease
    • Essential Tremor
    • Depression
    • Other DBS Applications
  • Sacral Nerve Stimulation, by Application
    • Urine incontinence
    • Fecal incontinence
  • Vagus Nerve Stimulation (VNS), by Application
    • Epilepsy
    • Depression
    • Other VNS Applications
  • Gastric Electrical Stimulation, by Application
    • Gastroparesis
    • Obesity
• External Neuromodulation
  • Transcranial Magnetic Stimulation (TMS), by Application
    • Psychiatry
    • Neurology
    • Pediatry
    • Other TMS Applications
  • Transcutaneous Electrical Nerve Stimulation (TENS)
    • Depression
    • Other TENS Applications
  • Respiratory Electrical Stimulation

Note: *Other SCS Applications include heart pain (angina), injuries to the spinal cord, nerve-related pain, peripheral vascular disease, and complex regional pain syndrome.

*Other DBS Applications include Dystonia and obsessive-compulsive disorder (OCD) or Tourette disorder.

*Other VNS Applications include stroke and migraine

*Other TMS Applications include anxiety and generalized anxiety disorder (GAD).

* Other TENS Applications include acute pain and chronic pain.

Neuromodulation Systems Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (RoLATAM)
• Middle East & Africa

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According to a new market research report titled “Medical Laser Market by Device Type (Solid-state Lasers, Gas Lasers, Dye Lasers); Fiber Type, Device Application, Fiber Application, and Geography — Global Forecast to 2028,” published by Meticulous Research®, the medical laser market is expected to grow at a CAGR of 15.3% from 2021 to 2028 to reach a value of $4.32 billion by 2028.

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Medical lasers are devices that use precisely focused light sources for treating or removing tissues. Since lasers can accurately focus on tiny areas, they are used for precise surgical works or for cutting through tissue in place of a scalpel. Lasers are commonly employed in many medical disciplines; dermatology, dentistry, cardiology, neurosurgery, and eye surgery, due to their ability to deliver high precision treatments while remaining minimally invasive. Laser-based therapies and diagnostic methods represent an area of huge future potential. The increasing number of cosmetic procedures, rising preference for minimally invasive procedures, and growing prevalence of eye disorders are the major factors supporting the growth of this market.

The growth of medical tourism is expected to provide significant growth opportunities for market players. However, factors such as the high cost of lasers, stringent safety regulations, and risks associated with lasers are expected to hinder the growth of this market.

The Impact of COVID-19 on the Medical Laser Market

The COVID-19 pandemic caused a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. This has severely affected many industries, including the healthcare industry. There has been a significant impact on the entire supply chain, from raw materials to manufacturing and delivery. Healthcare resources have been prioritized to cater to patients affected by COVID-19. However, the routine healthcare services remained suspended to curb the spread of infection. As the lockdowns gradually lifted towards the end of June 2020, there was an influx of patients seen for laser surgeries, such as refractive, urology treatments, and cardiovascular.

One of the treatments that witnessed an increase in demand during the COVID-19 pandemic was aesthetic procedures. The major reason for the increase in these procedures during 2020, which was revealed during consultations, was that people started noticing the need for facial surgeries to get their desired appearance during their work video calls. Another segment that witnessed an increase in the number of patients was refractive surgeries. The rates of refractive surgeries have witnessed a gradual increase since the reopening of ophthalmic surgery centers during the COVID-19 pandemic.

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Based on device type, the diode lasers segment is expected to grow at the highest CAGR during the forecast period. Diode lasers are used in various surgical procedures such as hair removal, soft tissue cutting, aesthetic procedures, dental surgeries, coagulation, and thermal cancer therapy. The rising risk of oral cancer has encouraged various public and private companies to develop high-powered diode lasers to treat cancer-related issues. According to WHO, lip and oral cavity cancers are among the top 15 most common cancers globally. In South-East Asia and Western Pacific regions, the major cause of death among males is cancer. These factors are expected to create demand for diode lasers during the forecast period.

However, the solid-state lasers segment is expected to account for the largest revenue share of the overall medical laser devices market in 2021. The use of solid-state lasers in medical applications, such as treatment procedures for scar removal, melisma treatment, and skin resurfacing, has encouraged various healthcare facilities to adopt these lasers technologies for treatments.

Based on fiber type, the disposable laser fibers segment is expected to account for the largest share of the overall medical laser fibers market in 2021. This segment is also expected to witness the highest CAGR during the forecast period. A disposable laser fiber is a one-time surgical optic laser fiber with rare-earth elements to deliver laser light to tissue. These laser fibers are usually preferred due to their benefits, such as safety, high efficiency, and minimal risk of cross-contamination between surgeries. Several market players are investing in the development of medical laser fibers for better productivity. For instance, in 2021, OmniGuide Holdings, Inc. launched a new OTO-U CO2 laser system fiber. This fiber is used in ENT and otology surgeries and enables surgeons to reach narrow areas with more precision resulting in improved procedure results.

Based on device application, the urology segment is estimated to witness the highest CAGR during the forecast period. The rising number of patients with kidney diseases, chronic kidney disorders, urinary tract infections, and the growing elderly population are factors driving the market growth of this segment. Additionally, urinary tract infections are also one of the most common types of infections. According to the International Society of Nephrology, in 2020, more than 850 million people had kidney diseases globally.

Furthermore, in 2020, in the U.S., cases of bladder cancer were around 81,400, and about 17,980 deaths (Source: American Cancer Society). In 2021, in the U.S., bladder cancer cases stood at 83,730 (about 64,280 in men and 19,450 in women), and 17,200 deaths were reported from bladder cancer (about 12,260 in men and 4,940 in women). Companies are initiating several strategic developments for the development of urology medical lasers. For instance, in 2020, Olympus Corporation launched its Soltive SuperPulsed Laser System, a new application of thulium fiber laser technology designed for stone lithotripsy and soft tissue applications.

However, the dermatology segment is expected to account for the largest market share of the medical laser devices market in 2021. According to the American Society of Plastic Surgeons (ASPS), in 2018, almost 18 million people underwent surgical and minimally invasive cosmetic procedures in the U.S. The increasing number of cosmetic surgeries simultaneously increases the usage of medical lasers in these treatments, thereby driving the growth of the medical lasers market.

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Based on fiber application, the cardiology segment is estimated to witness the highest CAGR during the forecast period. Cardiovascular surgeons use various laser fibers such as Nd:YAG, holmium, and CO2 to treat patients suffering from heart diseases or heart attacks, stroke, or blood clots and individuals at high risk of these problems. Hence, increasing the demand for laser fibers and driving the market growth of this segment. China accounts for the highest number of heart disease-related deaths globally, followed by India, Russia, the United States, and Indonesia. According to American Heart Association, the U.S. registered approximately 240,000 coronary artery bypass graft (CABG) surgeries per year. The growing number of cardiovascular surgeries across the globe has increased the demand for medical laser fibers for heart surgeries.

Based on geography, Asia-Pacific is expected to grow at the fastest CAGR in the overall medical lasers market during the forecast period. The major factors contributing to the growth of the medical lasers market in this region include the growth of medical tourism in most of the Asian countries, rising disposable income, growing awareness and adoption of minimally invasive aesthetic procedures, governments support to provide better medical infrastructures and the entrance of several medical device manufacturers into the market.

In countries such as China and Japan, the governments have constantly introduced policies to support the standardization of the aesthetic medicine industry. Furthermore, the digital media marketing of aesthetic procedures has created consumer awareness resulting in explosive growth in the market. India is also at the forefront of development in the medical lasers market, with the government’s continual effort to boost the medical technology market.

The medical lasers market in China is flourishing as these laser technologies are extensively implemented during cosmetic surgeries. The demand for cosmetic surgery is driven by the growing Chinese middle-class population and their increased desire and consciousness for better health and body care. Rapid urbanization, increasing investments by healthcare providers towards infrastructure improvement, increasing awareness among the population, growing beauty consciousness, and the growing availability of a range of advanced products and technologies contribute to the growth of this market.

The key players operating in the overall medical lasers market are Lumenis, Ltd. (Israel), Fotona d.o.o. (Slovenia), BIOLASE, Inc. (U.S.), IRIDEX Corporation (U.S.), CUTERA, INC. (U.S.), Alna-Medicalsystem AG & Co. KG (Germany), Bausch & Lomb Incorporated (U.S.), Boston Scientific Corporation (U.S.), Alcon, Inc. (Switzerland), STRYKER CORPORATION (U.S.), Alma Lasers (Israel), biolitec AG (Germany), Bluecore Company (South Korea), Cynosure (U.S.), PhotoMedex (U.S.) and Spectranetics (U.S.) among others.

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Scope

Medical Laser Devices Market, by Type

• Solid-State Laser Devices
  • Neodymium Yttrium Aluminum Garnet Laser Devices (Nd:YAG)
  • Erbium Yttrium Aluminum Garnet Laser Devices (Er:YAG)
  • Holmium Yttrium Aluminum Garnet Laser Devices (Ho:YAG)
  • Alexandrite Laser Devices
  • Potassium Titanyl Phosphate Laser Devices
  • Ruby Laser Devices
• Gas Laser Devices
  • Co2 Laser Devices
  • Excimer Laser Devices
  • Argon Laser Devices
  • Helium-Neon (HE-NE) Laser Devices
  • Krypton Laser Devices
  • Metal Vapor (Copper and Gold) Laser Devices
• Diode Laser Devices
• Dye Laser Devices

Medical Laser Fibers Market, by Type

• Disposable Laser Fibers
• Reusable Laser Fibers

Medical Laser Devices Market, by Application

• Dermatology
• Ophthalmology
• Urology
• Dentistry
• Cardiology
• Gynecology
• Other Applications

Medical Laser Fibers Market, by Application

• General Surgeries
• Urology
• Dermatology
• Gynecology
• Cardiology
• Dentistry
• Other Applications

Medical Laser Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa (MEA)

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     Amidst this crisis, Meticulous Research^® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

Related Reports:

Laser Technology Market by Type (Solid-State, Liquid, Gas), Application (Laser Processing, Optical Communication), and End User (Telecommunications, Industrial, Semiconductor & Electronics, Automotive, Healthcare)—Global Forecast to 2028

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According to a new market research report titled ‘Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Practice Size (Large, Small-to-Medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User – Global Forecast to 2028’ published by Meticulous Research^®, the ambulatory EHR market is expected to reach $6.74 billion by 2028 at a CAGR of 5.2% from 2021 to 2028.

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An ambulatory electronic health record (EHR) is a software program designed specifically for use in outpatient care settings and small practices. Ambulatory EHRs help physicians easily track a patient’s medical history and treatment, enabling them to better diagnose and effectively treat chronic illnesses. Patients’ full medical histories, which are preserved in an electronic archive, can be accessed by medical professionals. These reports include all records of operations or treatments that do not require hospitalization. Physicians can monitor a patient’s medical history and provide long-term care more easily using ambulatory EHR systems. Physicians use this software to gather detailed, relevant information about every patient, creating comprehensive databases of their personal health records. These extensive databases help doctors gain a better understanding of patients’ health, thereby simplifying diagnosis.

Growing government support for the adoption of EHR solutions, patients’ increasing preference for ambulatory care over in-patient care, and the rising need to reduce operating costs in the healthcare industry are key factors driving the growth of the ambulatory EHR market. The integration of artificial intelligence (AI) and machine learning (ML) technologies and the changing technological landscape in developing countries are expected to offer significant growth opportunities for the players operating in this market.

IT infrastructure constraints in developing countries and data security concerns are restraining the growth of this market. Additionally, high product replacement rates and the high cost of deploying ambulatory EHR solutions are expected to remain major challenges for market growth.

The Impact of COVID-19 on the Ambulatory EHR Market

Countries worldwide took urgent steps to detect and prevent the spread of COVID-19 after the WHO declared it a global pandemic in March 2020. Hospital capacities around the globe were overburdened due to the sudden inflow of COVID-19 patients. There was a growing burden on acute care settings, with in-patient beds almost completely occupied. As a result, ambulatory care settings gained importance as an alternate site for treatment.

Governments of various countries proposed modifying policies to alleviate the pressure on overburdened hospitals. For instance, in March 2020, the Centers for Medicare & Medicaid Services (CMS) provided guidance allowing ambulatory surgery centers (ASCs) to partner with local healthcare systems to provide hospital services. Elective and non-essential procedures were also suspended at the peak of the pandemic. Ambulatory surgical centers were, however, granted permission to perform outpatient procedures. Furthermore, the integration of healthcare IT solutions with ambulatory EHR solutions allowed physicians to gain a better understanding of their patients’ health, leading to more accurate diagnoses. In 2020, Oracle Corporation (U.S.) developed a National Electronic Health Records (EHR) Database and a suite of Public Health Management Applications to help U.S. public health departments and healthcare providers capture and interpret data related to COVID-19. Thus, the outbreak of the COVID-19 pandemic, as well as the increased burden on healthcare providers, drove the demand for EHR solutions, leading to the market’s growth.

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However, the implementation of new EHR systems was negatively impacted due to lockdown restrictions & social distancing protocols, and the diversion of healthcare budgets toward combating the COVID-19 pandemic. Travel restrictions and social distancing protocols were major challenges for sales and on-site implementation teams. Government measures to curb the spread of COVID-19 delayed the marketing, sale, and implementation of ambulatory EHR solutions and also affected investments in healthcare IT solutions, negatively impacting the ambulatory EHR market.

The ambulatory EHR market is segmented on the basis of deployment mode, by type, practice size, application, end user, and geography. The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

Based on deployment mode, the cloud/web-based segment accounted for the largest share of the market in 2020. Cloud/web-based solutions are gaining popularity worldwide as these solutions enable ambulatory centers to exchange and integrate data from multiple locations or systems in realtime. The advantages of cloud platforms, such as flexibility, real-time monitoring, data security, and lower implementation costs compared to on-premise deployment, drive the demand for these solutions.

Based on type, the all-in-one ambulatory EHR segment accounted for the largest share of the market in 2021. An all-in-one ambulatory EHR software is a pre-integrated software containing all EHR-related features. The ease of use, availability of all functionalities, and seamless software and hardware compatibility support the growth of this segment.

Based on practice size, the large practices segment accounted for the largest share of the market in 2021. Large practices are organizations with more than 50–100 physicians. It has been observed that the proportion of large practices is growing rapidly, while the proportion of smaller practices has dropped due to the rising consolidation of ambulatory centers. Smaller practices are disadvantaged in terms of health IT resources, while most small-to-medium-sized practices are expected to eventually join larger organizations. Thus, the rising number of large practices drives the growth of this segment.

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Based on application, the practice management segment accounted for the largest share of the market in 2021. Practice management software is intended to enhance the productivity of day-to-day operations in ambulatory clinics by simplifying clinical workflows, automating billing, assisting with claims management, and increasing overall efficiency. The segment’s large share is attributed to the benefits of ambulatory EHR in improving operational performance and increasing the value of services provided to patients.

Based on end user, the hospital-owned ambulatory centers segment accounted for the largest share of the market in 2021. Hospital-owned ambulatory centers are usually required to meet hospital accreditation standards greater than those of non-hospital-based outpatient clinics. They have to maintain patient care standards to provide high-quality care to patients. The growing need to organize unstructured health data and the availability of resources to easily adopt EHR solutions drive the growth of this segment.

Geographically, the ambulatory EHR market is segmented into five major regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with a further analysis of major countries in these regions. In 2021, North America accounted for the largest share of the ambulatory EHR market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing market with a CAGR over the forecast period. The high growth of this regional market is attributed to the rising need to organize unstructured healthcare data, increasing government support and initiatives to promote EHR adoption, and changing technological scenarios in developing countries.

The report includes a competitive landscape based on an extensive assessment of the geographic presence and key strategic developments of leading market players during 2018–2021. The ambulatory EHR market has witnessed several new product launches, approvals, partnerships & agreements, and acquisitions in recent years.

The key players dominating the ambulatory EHR market are Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), Medical Information Technology, Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare, Inc (U.S.), eClinicalWorks (U.S.), Greenway Health, LLC (U.S.), CureMD Healthcare (U.S.), and AdvancedMD, Inc. (U.S.).

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Scope of the Report:

Ambulatory EHR Market, by Deployment Mode

• Cloud/Web-based Ambulatory EHR
• On-premise Ambulatory EHR

Ambulatory EHR Market, by Type

• Modular Ambulatory EHR
• All-in-one Ambulatory EHR

Ambulatory EHR Market, by Application

• Practice Management
• Patient Portals
• Computerized Physician Order Entry (CPOE)
• Clinical Decision Support (CDS)
• Population Health Management
• Referral Management
• Other Applications

Ambulatory EHR Market, by Practice Size

• Large Practices
• Small-to-medium-sized Practices
• Solo Practices

Ambulatory EHR Market, by End User

• Hospital-owned Ambulatory Centers
• Independent Centers

Ambulatory EHR Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

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According to a new market research report titled, ‘Smart Manufacturing Market by Technology (Robotics, AI, IIoT, Cloud, AR/VR), Application (Machine Inspection, Energy; Quality, and Warehouse Management; Planning, Surveillance, Optimization), End-use Industry, and Geography—Global Forecast to 2029”, the smart manufacturing market is expected to grow at a CAGR of 21.5% from 2022–2029 to reach $446.24 billion by 2029.
              
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The growth of this market is attributed to the factors such as the increasing number of government initiatives to promote industrial automation, the rising number of investments in Industry 4.0, growing demand for safety regulation compliance, and high labor costs in developed economies.

In addition, the advent of 5G connectivity in smart manufacturing and the proliferation of smart manufacturing in developing countries are expected to offer lucrative growth opportunities for the growth of this market. However, the high capital and operating expenses and a lack of standardization for technology platforms are some of the major factors restraining the growth of this market.

Impact of COVID-19 on the Smart Manufacturing Market

The outbreak of the COVID-19 pandemic had unprecedented impacts on public health, disrupting industrial structures, halting supply chains, and accelerating social reforms globally. Although the macro challenges, such as disrupted supply chains, decentralized workforce, and the provision of safe and healthy employee workspaces, were different than in past recessions, market players had to deal with monumental market dynamics.

The spread of COVID-19 severely impacted the performance of several industries and economies globally. Governments were forced to shut down manufacturing plants and halted import-export operations. As a result, several industries stopped their ongoing production operations, which disrupted supply chains and affected the demand-supply balance.

The COVID-19 outbreak significantly influenced the manufacturing industry by reducing its dependency on manual labor and highlighted the importance of adopting advanced technologies, such as AI, machine learning, and IoT. Thus, there is increasing adoption of smart manufacturing technologies from various industries in their production processes. The adoption of smart manufacturing has resulted in improved productivity, higher quality, near-zero design error, energy efficiency, leaner process, flexibility in production scale, increased agility, improved predictability, and enhanced process monitoring. These benefits align with the requirement of the new dynamic protocols precedent by the COVID-19 pandemic, influencing the adoption of smart technologies, digital automation, and industrial IoT demand across the industry.

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Smart manufacturing improved companies’ productivity and optimized the workforce required for the same role. It also facilitated remote factory monitoring at greater efficiency irrespective of time and place constraints. It provided the much-required flexibility to the manufacturing units to change the product design and quickly adapt to new processes as per clients’ demands.

Furthermore, the digital twin technology drastically reduced the cost of designing products in a single go. It also offered benefits such as accelerated risk assessment and production time, improved OEE through reduced downtime and improved performance, reduced risks in areas such as product availability and marketplace reputation; new business opportunities through mass customization, mixed manufacturing, small-batch manufacturing, improved product quality and enhanced insights into the performance of products in multiple real-time applications and environments.

Thus, the COVID-19 pandemic positively impacted the smart manufacturing market. It is anticipated that this trend of smart technologies adoption will continue and grow during the forecasted period. 

The smart manufacturing market is segmented by technology (robotics & automation, artificial intelligence, industrial IoT, cloud computing & storage, digital twin, industrial cybersecurity, additive manufacturing, blockchain, AR/VR), application (machine inspection & maintenance, quality management, inventory & warehouse management, production planning, surveillance & safety, energy management, resource optimization), end-use industry (automotive, heavy machinery & tools, electronics & semiconductors, aerospace & defense, fast-moving consumer goods, medical devices, food & beverages, pharmaceuticals, paints & chemicals, oil & gas, metals & mining, energy & power, pulp & paper, others), and geography. The study also evaluates industry competitors and analyses the market at the country level.

Based on technology, the smart manufacturing market is segmented into industrial IoT, cloud computing & storage, robotics & automation, industrial cybersecurity, additive manufacturing, AR/VR, digital twin, artificial intelligence, and blockchain. In 2022, the industrial IoT segment is expected to account for the largest share of the smart manufacturing market. The large market share of this segment is attributed to factors such as the consistent declining cost of industrial IoT sensors, the significant rise in the overall equipment effectiveness (OEE) through industrial IoT usage, and the increasing government initiatives to promote digital transformation. However, the blockchain segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the increased demand for blockchain technology in the energy & power and industrial sectors, the increasing demand for real-time data analysis, and the rising need to enhance production with minimum maintenance, simplify business processes, and reduce downtime.

Based on application, the smart manufacturing market is segmented into surveillance & safety, quality management, resource optimization, inventory & warehouse management, machine inspection & maintenance, production planning, and energy management. In 2022, the surveillance & safety segment is expected to account for the largest share of the smart manufacturing market. The large market share of this segment is attributed to factors such as the growing requirement for reliable safety systems to ensure personnel and asset protection, the increasing need for video monitoring in manufacturing facilities, strict government mandates for safety regulations, and the rising need for real-time analysis and tracking. However, the inventory & warehouse management segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need for tracking the movement of goods, increasing manufacturing output due to the adoption of Industrial IoT (IIoT), the growing significance of forecasting models, and the rise in automation for minimizing human interaction.

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Based on end-use industry, the smart manufacturing market is segmented into automotive, heavy machinery & tools, electronics & semiconductors, aerospace & defense, fast-moving consumer goods, medical devices, food & beverages, pharmaceuticals, paints & chemicals, oil & gas, metals & mining, energy & power, pulp & paper, other (agriculture, prefabricated construction, etc.). In 2022, the automotive segment is expected to account for the largest share of the smart manufacturing market. The large market share of this segment is attributed to factors such as the growth of the automotive sectors post-COVID-19-pandemic, the rising number of investments by automotive manufacturers for automation and development of next-generation automobile warehouses, and the need to reduce costs & downtime in production lines. However, the pharmaceuticals segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to adopt cost-control measures in the healthcare sector, the adoption of digital technologies in medical device manufacturing operations, and the need to ensure the safety and security of the pharmaceutical supply chain.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the smart manufacturing market. This region is also slated to register the highest growth rate during the forecast period. The high market growth in Asia-Pacific is driven by the increasing deployment of automation across manufacturing units, the rising number of government initiatives for the adoption of industrial robots, the advent of Industry 4.0, and the presence of prominent key players in the region.

The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past four years (2019–2022).

The smart manufacturing market is consolidated and dominated by a few major players, namely Amazon Web Services, Inc. (U.S.), Robert Bosch Manufacturing Solutions GmbH (Germany), Cisco Systems, Inc. (U.S.), 3D Systems Corporation (U.S.), Plex Systems, Inc. (U.S.), Cognex Corporation (U.S.), PTC Inc. (U.S.), FANUC CORPORATION (Japan), SAP SE (Germany), Mitsubishi Electric Automation, Inc. (U.S.), Emerson Electric Co. (U.S.), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Hitachi, Ltd. (Japan), and Intel Corporation (U.S.).

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Scope of the Report:

Smart Manufacturing Market, By Technology

• Industrial Internet of Things             
• Cloud Computing & Storage              
• Robotics & Automation
  • Robots          
  • Automated Storage and Retrieval Systems (ASRS) and Automatic Guided Vehicles (AGVS)       
  • Automated Assembly Lines      
  • Wearables & Mobile Devices     
• Industrial Cybersecurity     
• Additive Manufacturing      
• Augmented Reality (AR)/Virtual Reality (VR)   
• Digital Twin          
• Artificial Intelligence          
• Blockchain

Smart Manufacturing Market, By Application

• Surveillance & Safety         
• Quality Management          
• Resource Optimization      
• Inventory & Warehouse Management              
• Machine Inspection & Maintenance 
• Production Planning           
• Energy Management          

Smart Manufacturing Market, By End-Use Industry     

• Automotive
• Heavy Machinery & Tools
• Aerospace & Defense
• Metals & Mining
• Electronics & Semiconductors
• Medical Devices
• Food & Beverage
• Pharmaceuticals
• Oil & Gas
• Fast-Moving Consumer Goods (FMCG)
• Paints & Chemicals
• Energy & Power
• Pulp & Paper
• Other End-Use Industries (Agriculture and Prefabricated Construction)

Smart Manufacturing Market, By Geography

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest Of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia-Pacific
• Latin America
• Middle East & Africa

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According to a new market research report titled, ‘Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)—Global Forecast to 2030,’ in terms of value, the mealworms market is expected to reach $1.27 billion by 2030, at a CAGR of 25.8% during the forecast period 2022–2030. In terms of volume, the mealworms market is expected to grow at a CAGR of 28.6% from 2022–2030 to reach 367,491.7 tons by 2030.

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The high demand for insect feed in emerging economies is expected to increase the number of investments by insect producers in such countries. Major market players are expanding in this market. For instance, in 2021, a France-based mealworm manufacturer, Ynsect, partnered with a food research center in South Korea, Lotte Research & Development Centre, to conduct joint research to develop alternative proteins from mealworms. Additionally, Ynsect also announced its plans to expand its human and animal nutrition businesses in Japan.

Impact of COVID-19 on the Mealworms Market

The COVID-19 pandemic significantly impacted the food sector, negatively affecting meat producers worldwide. The meat products sector faced several challenges, such as the risk of continuing production, distribution, transportation; lack of workforce; supply chain disruptions, and delays in development activities. These factors impacted the meat products sector, driving the demand for alternative proteins, such as insect protein products (mealworm proteins).

In May 2020, Wuhan’s municipal government banned breeding, hunting, and consuming wild animals for five years to prevent zoonotic diseases. This is expected to trigger restrictions on the consumption of certain animals and related products in some cities in East Asian countries, increasing the shortage of meat products and accelerating the demand for alternative substitutes, such as edible insects and plant-based products.

Moreover, increasing health & wellness trends and rising health awareness, such as the risk of viral infections, cardiovascular diseases, liver diseases, bone disorders, and the increased risk of certain types of cancers associated with the long-term use of animal proteins, have created the traction for sustainable protein sources such as mealworms. To capture this traction in the edible insect industry, many vendors are focusing on enhancing their production capacities, processes, and end products.

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In May 2020, Beta Hatch, a U.S.-based insect rearing technology company, received $3 million in a Series A1 funding round from Cavallo Ventures, Wilbur-Ellis’ venture capital arm; and early-stage venture firm–Innova Memphis. The round also included Klein Private Equity Investment and Brighton Jones Investment Partners investments. Moreover, in December 2020, the company raised $9.3 million to build a mealworm facility in North America.

Thus, the rising preference for alternative proteins over animal proteins due to the COVID-19 outbreak has significantly driven the growth of the mealworms market.

The mealworms market is segmented based on product type, application, end use, and geography.

Based on product type, the mealworms market is segmented into whole mealworm, mealworm meal, mealworm powder, and others. In 2022, the whole mealworm segment is expected to account for the largest share of the overall mealworms market. The large share of this segment is attributed to the growing preference for whole mealworms by food & feed manufacturers for further processing due to their easy availability and cost-effectiveness.

Based on application, the mealworms market is segmented into animal feed, aquafeed, pet food, food & beverages, and other applications. In 2022, the animal feed segment is estimated to account for the largest share of the overall mealworms market. The growth of this segment is driven by the wide availability of mealworm products for use in animal feed, growing usage of mealworm-based products by feed manufacturers, and the high nutritional value of mealworms in animal nutrition. Mealworms are rich in amino acids, minerals, fats, vitamins, and energy. They have the potential to be a valuable feed source for poultry, aquaculture, and pets. However, the food & beverages segment is slated to register the highest CAGR during the forecast period of 2022–2030. The rapid growth of this segment is driven by the rising awareness about the importance of nutrition, growing usage of protein supplements due to the health benefits of daily protein intake, and increased incorporation of mealworms in bakery products and snacks.

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Based on end use, the mealworms market is segmented into animal nutrition, human consumption, and other end uses. In 2022, the animal nutrition segment is estimated to account for the largest share of the overall mealworms market. The growth of this segment is driven by factors such as the increasing animal population, rapidly growing pet expenditure, increasing customer willingness to provide high-quality food to their pets, lower price of insect-based feed compared to other types of animal feed, and the growing demand for insect protein in the pet food industry.

Based on geography, the mealworms market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the overall mealworms market. The large market share of this region is attributed to factors such as the presence of key mealworm manufacturers, increasing demand for alternative protein sources, high demand for protein-rich food & feed, the increasing number of government approvals for mealworms to be used in human, animal, and pet food applications; and the presence of supportive policies for insect farming.

However, North America is slated to register the highest CAGR during the forecast period of 2022 to 2030. The rapid growth of this market is driven by the growing demand for environment-friendly protein-rich food. In addition, the growing awareness of insects-as-food, decreasing food neophobia, and the altering attitudes of consumers towards insects as food products are expected to create significant opportunities for the growth of the mealworms market.

Key Players

Some of the key players operating in the overall mealworms market are Protix B.V. (Netherlands), Ÿnsect SAS (France), BETA HATCH (U.S.), Armstrong Crickets Georgia (U.S.), TEBRIO (Formerly MealFood Europe SL) (Spain), Tebrito AB (Sweden), Entec Nutrition (U.K.), Invertapro AS (Norway), Keil Co., Ltd (South Korea), EntoBreed Farming BV (Netherlands), and Goterra (Australia).

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Scope of the Report:

Mealworms Market, by Product Type

• Whole Mealworm
• Mealworm Meal
• Mealworm Powder
• Other Mealworm Products

 Mealworms Market, by Application

• Animal Feed
• Aquafeed
• Pet Food
• Food & Beverages
• Other Applications

Mealworms Market, by End Use

• Animal Nutrition
• Human Consumption
• Other End Uses

Mealworms Market, by Geography

• Europe
  • Netherlands
  • Belgium
  • France
  • Denmark
  • Finland
  • Germany
  • Rest of Europe
• North America
  • U.S.
  • Canada
• Asia-Pacific
  • Thailand
  • China
  • South Korea
  • Vietnam
  • Malaysia
  • Rest of Asia-pacific
• Latin America
• Middle East & Africa

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According to a new market research report titled, ‘Frozen Food Market by Product (Ready Meals, Meat & Poultry, Seafood, Dairy Products, Bakery Products, Vegetables, and Fruits), Type (Raw, Half-cooked, and Ready-to-eat), and Distribution Channel (B2B and B2C) – Global Forecast to 2029,’ the frozen food market is expected to grow at a CAGR of 5.2% from 2022 to 2029 to reach $408.05 billion by 2029.

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Freezing is one of the easiest, quickest, most versatile, and most convenient methods of preserving foods. Frozen foods maintain their original color, flavor, and texture. Frozen foods are a convenient and affordable way to incorporate healthy foods from every food group, including whole grains, fruits, vegetables, protein, and dairy.

The major factors driving the frozen food market include the increasing demand for convenience food, the growing global cold-chain market, and changing consumer tastes and preferences. Furthermore, the increasing digitalization in the retail industry and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa are expected to provide significant opportunities for the growth of this market.

However, the rising preference for fresh and natural food products and constant temperature monitoring requirements for frozen food products hinders the growth of this market to a notable extent. In addition, the lack of cold chain infrastructure in developing economies poses a major challenge to players operating in this market.

The Impact of COVID-19 on the Frozen Food Market

The COVID-19 outbreak caused by the SARS-CoV-2 virus created a severe public health emergency globally, with its quick spread in more than 150 countries. NUMEROUS countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns to combat & control the spread of this disease, halting all travel, transport, manufacturing, educational institutions, and non-essential trade, significantly impacting many industries globally.

However, the pandemic positively impacted the frozen food industry. Since the outbreak of the COVID-19 pandemic, the frozen food industry has witnessed steady growth. For instance, according to the American Frozen Food Institute (AFFI), in 2020, frozen food products witnessed a 21% increase in sales compared to 2019. The British Frozen Food Federation (BFFF) claimed that the sales of the retail frozen food industry increased by £872 million to over £7 billion a year in 2020 in the U.K.

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Furthermore, the frozen food products supply chain has been mostly shifted from food service to retail as the demand for frozen foods, such as frozen bakery products, has shifted from food service to household consumption. According to AFFI, during the COVID-19 pandemic, frozen food sales, including frozen bakery, witnessed a 75% increase. Thus, the increase in online sales of frozen food has positively impacted the frozen food market.

Based on product, the frozen food market is segmented into ready meals, meat & poultry, seafood, dairy products, bakery products, vegetables, fruits, and other frozen products. In 2022, the ready meals segment is expected to account for the largest share of the frozen food market. The large market share of this segment is attributed to the changes in consumers’ lifestyles due to the fast-paced work environment, particularly among the working-class population, and the growing preference for ready frozen meals due to their convenience. In addition, the rising popularity of ready meals among the younger generation and the adolescent population and their easily accessible at different convenience stores and supermarkets contribute to the large market share of this segment.

However, the seafood segment is expected to witness significant growth during the forecast period. The growth of this segment is driven by the increase in fish consumption due to their high protein content and the growth in global aquaculture production. In addition, the growing demand for frozen seafood as a thickening agent in various end-use applications drives the growth of the frozen seafood market.

Based on type, the frozen food market is segmented into raw, half-cooked, and ready-to-eat. In 2022, the raw material segment is expected to account for the largest share of the frozen food market. The large market share of this segment is attributed to the rising consumer awareness about the nutritional properties of raw frozen food and the increasing number of raw frozen food product launches.

However, the ready-to-eat segment is expected to witness significant growth during the forecast period. The growth of this segment is driven by the rising demand for frozen ready-to-eat food coupled with the increasing demand for specific meal solutions. Also, the growing demand for ready-to-eat food, high nutritional value, high shelf life, and easy availability drive their global demand.

Based on distribution channel, the frozen food market is segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2022, the business-to-business segment is expected to account for the larger share of the frozen food market. The large market share of this segment is attributed to the growing B2B frozen food trading, the growing number of Quick Service Restaurants (QSRs), and rising demand from hotels, restaurants, food chains, cafes, and the food service sector

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However, the business-to-consumer segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the rising population density in urban areas, the increasing trend of online shopping, the rising popularity of the franchising concept, growing preference for personalization, consumer convenience, and greater product selection

Based on geography, in 2022, Europe is expected to account for the largest share of the frozen food market. The major market share of Europe is attributed to the rising preference for ready-to-eat food, favorable regulations, a well-established cold chain in the region, innovative practices by key players in the industry, technological innovation in the frozen food sector, busier lifestyles of consumers, introduction of various healthy and diet-related frozen meals, and the growing import of frozen foods.

In 2022, Germany is expected to account for the largest share of the frozen food market in Europe. The large market share is attributed to the rising popularity of seasonal frozen food, the increasing number of high-quality frozen bakery products, and the increased demand for frozen food.

Some of the key players operating in the frozen food market include General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.K.), Kellogg Company (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Associated British Foods plc (U.K.), Ajinomoto Co., Inc. (Japan), Vandemoortele NV (Belgium), Lantmännen Unibake International (Denmark), Cargill, Incorporated (U.S.), Europastry, S.A. (Spain), JBS S.A. (Brazil), ARYZTA AG (Switzerland), and Nomad Foods Limited (U.K.).

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Scope of the Report:

Frozen Food Market, by Product

• Ready Meals
• Meat & Poultry
• Seafood
• Dairy Products
• Bakery Products
  • Bread
  • Pizza Crust
  • Cakes & Pastries
  • Cookies & Biscuits
  • Doughnuts
  • Waffles
  • Other Frozen Bakery Products
• Vegetables
• Fruits
• Other Frozen Products

Frozen Food Market, by Type

• Raw
• Half-cooked
• Ready-to-eat

Frozen Food Market, by Distribution Channel               

• Business-to-business (B2B)
  • Food Services
  • Food Manufacturers
  • Quick Service Restaurants (QSRs)
• Business-to-consumer (B2C)
  • Offline
    • Supermarkets & Hypermarkets
    • Convenience Stores
    • Other Stores
  • Online

Frozen Food Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Rest of Asia-Pacific (RoAPAC)
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America (RoLATAM)
• Middle East & Africa (MEA)

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