Menopause Market Size Is Projected To Reach USD 22.7 Billion By 2028: Grand View Research Inc.

San Francisco, 30 June 2021: The Report Menopause Market Size, Share & Trends Analysis Report By Treatment (Dietary Supplements, OTC Pharma Products), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2021 – 2028

The global menopause market size is expected to reach USD 22.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. Increasing awareness regarding menopause-associated health aspects, high prevalence of menopausal symptoms, and high adoption of women’s health apps are expected to boost market growth during the forecast period. Key players in the region are conducting campaigns to create awareness about menopause and the role of dietary supplements in easing the transition through it. In September 2019, EQUELLE partnered with actress Kate Walsh for its campaign Live Hot, Stay Cool. The campaign included sharing of menopause-related experiences and tips by Kate with other women and the role that EQUELLE, a dietary supplement, played during the transition.

There are various dietary supplements available in the market containing ingredients such as soy isoflavones, black cohosh, red clover, and amberen. Manufacturers are involved in the launch of new products for managing menopause symptoms. For instance, in September 2020, Health and Her Ltd. launched a range of supplements for managing the symptoms of menopause, such as vitamins C and B12, zinc, minerals, and herbs. Such strategies can help meet the increasing demand for dietary supplements in the market.

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Menopause Market Report Highlights

• The dietary supplements segment dominated the market in terms of revenue share in 2020 and is expected to witness the fastest growth over the forecast period. The factors contributing to segment growth are a large number of women entering menopause every year and the launch of innovative products. Cambridge Diagnostic Imaging (CaDi), a provider of nutraceutical products for health support, announced the launch of Lycovary Daily in December 2020. The product is a food supplement developed by a biotech company, Lycotec, designed for ovarian health
• The OTC pharma products segment is divided into hormonal and non-hormonal products. Over-the-Counter (OTC) hormone preparations are becoming more common for use by women undergoing menopause. Some of the major products in the segment include Dehydroepiandrosterone (DHEA), ibuprofen, topical progesterone, and melatonin
• North America held the largest revenue share in the market in 2020 due to factors such as the growing prevalence of menopausal symptoms. Moreover, an increase in awareness about dietary requirements is leading to a greater demand for them among older women
• In Latin America, the market is expected to register the fastest growth rate over the forecast period owing to factors such as rising awareness about women’s health and growing adoption of dietary supplements for menopause
• The industry is also witnessing mergers, acquisitions, and product launches. For instance, in December 2017, Nestlé Health Science announced the acquisition of Atrium Innovations for USD 2.3 Million. This was anticipated to help Nestlé expand into the nutrition market

List of Key Players of Menopause Market

• Bayer AG
• Theramex
• Teva Pharmaceutical Industries Ltd.
• AbbVie, Inc.
• Abbott
• Pure Encapsulations, LLC.
• Reddy’s Laboratories Ltd.

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U.S. Veterinarians Market Size Is Expected To Reach USD 19.5 Billion By 2028: Grand View Research Inc.

San Francisco, 30 June 2021: The Report U.S. Veterinarians Market Size, Share & Trends Analysis Report By Sector (Public, Private (Food Animal Exclusive, Companion Animal Exclusive, Mixed Animal, Equine), Academics), And Segment Forecasts, 2021 – 2028

The U.S. veterinarians market size is expected to reach USD 19.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2021 to 2028. Growing cases of zoonotic and chronic diseases, increasing animal health expenditure, and growing awareness amongst end-users are the key factors driving the market. The American Veterinary Medical Association endorses the Compendium of Veterinary Standard Precautions for Zoonotic Disease Prevention in Veterinary Personnel.

As many people spending far more time in the household during the Covid-19 pandemic, the animal shelters across the country witnessed increased pet adoptions. Pet owners are paying more attention to their companions’ health and wellness. As a result of this, the market registered positive growth during the coronavirus crisis.

With the growing number of pet parents in the U.S., animal health awareness is rising amongst people. In the U.S., there are various pet health awareness events are conducted such as National Pet Week. Increasing awareness about veterinary healthcare and the implementation of strict regulations to prevent animal diseases are likely to be the key factors driving the market.

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U.S. Veterinarians Market Report Highlights

• Factors such as increasing consumption of meats, growing pet adoption rate, and mandatory vaccination are expected to boost demand for veterinary medicine and expertise, which, in turn, will fuel the demand for veterinarians
• Moreover, rising incidence of cancer, especially in canines, is expected to provide a growth platform for the market. As mentioned in the Veterinary Cancer Society press release, cancer is the leading cause of death in companions registered 32.0% and 47.0% of deaths in cats and dogs respectively
• The private segment emerged as the largest revenue-generating segment of the market in 2020. Increased private practitioner across the country due to high compensation rate as compared to public practices or academic profession is a key contributor for the segment dominance throughout the forecast period
• The companion animal exclusive practice amongst the private sector dominated the market in 2020. There is an exponential increase in companion animal adoption as people are spending more time at home and alone during the COVID-19 pandemic. Increasing spending on pet ranging from food to veterinary care along with surging adoption is expected to positively influence market growth

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Drug Testing Market Size Is Poised To Reach USD 11.7 Billion By 2028: Grand View Research Inc.

San Francisco, 30 June 2021: The Report Drug Testing Market Size, Share & Trends Analysis Report By Product Type (Consumables, Instruments, Rapid Testing Devices, Services), By Sample Type, By Drug Type, By End Use, By Region, And Segment Forecasts, 2021 – 2028

The global drug testing market size is expected to reach USD 11.7 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2021 to 2028. The introduction of innovative tests, stringent regulation mandating drug testing, and growing substance abuse & addiction are some of the factors anticipated to foster market growth during the forecast period. 

Drug abuse and addiction is a global problem, affecting millions of people. As per the World Drug Report published by UNODC, in 2019, around 35.0 million people were suffering from drug use disorders globally. Such a high rate of drug abuse and substance use disorders has created a major demand for innovative tests to prevent, treat, and manage such cases. Several key players operating in this space are introducing innovative and efficient products to meet this growing demand.

For instance, in June 2019, Quidel Corporation received the U.S. FDA’s 510(k) clearance to market its fluorescence immunoassay—Quidel Triage TOX Drug Screen, 94600. This is intended for detecting the presence of metabolites or drugs in urine. Moreover, in June 2020, Cordant Health Solutions offered video-observed oral fluid drug testing to help courts & government agencies to monitor participants during the COVID-19 pandemic. This aided in combating several challenges faced by people with substance abuse disorders during the pandemic.

Continuous government initiatives and implementation of strict substance abuse testing regulations to ensure safety have derived the demand for its testing products. In July 2020, the New Zealand government introduced a new bill that provides police the power to conduct random roadside drug testing of drivers to reduce impaired driving in the country. The new bill allows usage of oral fluid tests to check drivers for substances such as cocaine, ecstasy, cannabis, opiates, methamphetamine, and benzodiazepines. Also, in February 2020, the Directorate General of Civil Aviation in India introduced extensive tests for pilots and flight crew members for psychoactive substances such as opioids & cannabis to ensure safe air travel.

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Drug Testing Market Report Highlights

• By product type, the consumables segment dominated the market in 2020, owing to its repetitive use to conduct substance abuse screening
• Based on sample type, the urine samples segment accounted for the largest revenue share in 2020, as it is the most common method of sample collection
• Increased unemployment and economic crisis due to the Covid-19 pandemic has made people more susceptible to substance abuse, thus created lucrative opportunities in the market
• The legalization of marijuana for medicinal as well as recreational use in several countries is anticipated to change the current scenario and may create demand for innovative testing solutions
• Stringent privacy rights in some countries are likely to limit substance abuse testing at workplaces, impeding market growth
• In Asia Pacific, the market is expected to witness lucrative growth over the forecast period as a result of the growing demand for substance abuse testing from emerging economies, such as China and India

List of Key Players of Drug Testing Market

• Quest Diagnostics Incorporated
• Abbott Laboratories
• Quidel Corporation
• Hoffmann-La Roche
• Thermo Fisher Scientific, Inc.
• Siemens Healthineers
• Bio-Rad Laboratories, Inc.
• Agilent Technologies, Inc.
• LabCorp
• Drägerwerk AG & CO. KGaA
• Clinical Reference Laboratory (CRL), Inc.
• Cordant Health Solutions
• Legacy Medical Services, LLC
• Omega Laboratories, Inc.

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Gluten-free Baking Mixes Market Expected To Witness A Substantial Growth Of USD 698.2 Million By 2028: Grand View Research Inc.

San Francisco, 30 June 2021: The Report Gluten-free Baking Mixes Market Size, Share & Trends Analysis Report By Product (Cakes & Pastries, Cookies), By Distribution Channel (Grocery Stores, Club Stores), By Region (North America, APAC), And Segment Forecasts, 2021 – 2028

The global gluten-free baking mixes market size is anticipated to reach USD 698.2 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.5% from 2021 to 2028. The increasing prevalence of gluten sensitivity, food allergies, and other disorders are driving the demand for gluten-free products, including baking mixes.

In terms of product, the cookies segment dominated the market and accounted for a significant share of global revenue in 2020. This growth is attributed to the high demand for flavored cookies in countries, such as the U.S., Germany, China, Japan, and the U.K. Market players are capitalizing on the popularity of new flavors in cookies by launching variants, such as Oreo and red velvet, in innovative packaging. Moreover, cookies are popular snacks among people of all age groups.

In terms of distribution channels, grocery stores emerged as the largest segment in 2020 due to a high number of grocery stores worldwide. With rising income levels and rapid urbanization, modern supermarkets have emerged across all big and small economies. These stores offer extensive product variety, discounts, and even change their layouts to appeal to new consumers and maintain their market share.

Asia Pacific is anticipated to emerge as the most lucrative regional market in the foreseeable future due to the rising demand for healthy food items and the increasing adoption of a healthy lifestyle among consumers in China, Australia, Japan, and India. The rising consumer awareness about the consequences of gluten consumption will also boost the demand for gluten-free baking mixes in the region. The industry is highly competitive when it comes to product variation and pricing. Prominent market participants are focusing on product innovation to attract more consumers.

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Gluten-free Baking Mixes Market Report Highlights

• In terms of product, the cookies segment accounted for the highest revenue share of more than 32% in 2020
• The growth of the segment can be attributed to the rising demand for cookies
• Asia Pacific is projected to ascend at the fastest CAGR from 2021 to 2028 due to the rising consumption of healthy food items
• The launch of new products on e-commerce platforms, such as eBay and Amazon, emerged as the key strategy deployed by the majority of market players to stay abreast of the competition
• The grocery stores segment accounted for the largest revenue share in 2020 and will expand further at a steady CAGR from 2021 to 2028
• The presence of numerous grocery stores across all big and small economies is driving the product demand through this channel

List of Key Players of Gluten-free Baking Mixes Market

• General Mills, Inc.
• Conagra Brands, Inc.
• Kinnikinnick Foods, Inc.
• Williams-Sonoma, Inc.
• Continental Mills, Inc.
• Partake Foods
• Chebe
• Naturpro
• King Arthur Baking Company, Inc.
• SalDoce Fine Foods

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Mushroom Market Size Worth $ 95.24 Billion By 2028: Grand View Research Inc.

San Francisco, 30 June 2021: The Report Mushroom Market Size, Share & Trends Analysis Report By Product (Button, Oyster), By Form (Fresh, Processed), By Application (Food, Pharma), By Distribution Channel (Online, Grocery Stores), And Segment Forecasts, 2021 – 2028

The global mushroom market size is expected to reach USD 95.24 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.5% over the forecast period. The increasing popularity of vegan diets across developed economies on account of growing environmental concerns and consumer awareness regarding animal welfare is likely to have a positive impact on the industry growth.

Rising consumer preferences for natural ingredient-based food and cosmetic products owing to the growing awareness regarding the side effects of synthetic products are expected to drive demand for mushrooms. Furthermore, mushrooms are rich sources of vitamins, antioxidants, essential oils, proteins, and other bioactive compounds, which lead to its increasing demand in pharmaceutical applications.

Mushroom manufacturers have started focusing on the adoption of sustainable production processes to improve brand position. For instance, Bonduelle Group, a France-based mushroom producer, focuses on Agroecology, wherein the company uses natural fertilizers and renewable energy sources to produce mushrooms. Recently, the company has also started using cardboard boxes by replacing the plastic packaging of its canned products.

The manufacturers are using merger & acquisition and partnership agreement strategies to increase their production capacities and expand their geographical presence. For instance, In April 2019, Greenyard signed an agreement with Carrefour Belgium, a retail group, for the supply of the former’s assortment of fresh fruits and vegetables. The agreement was intended to strengthen the commercial relationship of both companies and to expand the clientele base for Greenyard.

In addition, the growing demand for meat substitutes is likely to boost product demand. For instance, Germany-based food startup Walding has developed chicken alternatives using Laetiporus mushroom also known as chicken of the woods. Such product innovations are anticipated to offer lucrative growth opportunities to the market players, thereby augmenting industry growth.

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Mushroom Market Report Highlights

• The button mushroom product segment led the global market, in terms of volume, due to the factors, such as wide-scale production, high shelf appeal, low price, and high nutritional value of these products
• The fresh form segment accounted for the maximum volume share in 2020 and is likely to grow at a steady CAGR over the forecast period owing to high product demand
• Supermarkets & hypermarkets dominated the distribution channel segment with a revenue share of 38.3% in 2020 owing to the high penetration of these stores in the developed markets of North America and Europe
• The food application segment held the largest revenue share in 2020 and will expand at a substantial CAGR over the forecast years on account of growing consumer demand for packaged healthy food products
• Asia Pacific was the dominant regional market, in terms of production as well as consumption due to the high vegan population in countries like China, India, and Japan

List of Key Players of Mushroom Market

• Bonduelle Group
• Costa Group
• Greenyard
• Monaghan Group
• OKECHAMP S.A
• Shanghai Fengke Biological Technology Co., Ltd.

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Medical Device Regulatory Affairs Market Projected To Exhibit Robust CAGR of 8.6% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 29 June 2021: The Report Medical Device Regulatory Affairs Market Size, Share & Trends Analysis Report By Service (Legal Representation, Regulatory Consulting), By Type (Diagnostics, Therapeutics), By Service Provider, By Region, And Segment Forecasts, 2021 – 2028

The global medical device regulatory affairs market size is expected to reach USD 8.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028. Technological advancements in medical devices such as AI/Machine learning, increasing trends of portable and smaller devices, and government regulations are driving the market.

Medical equipment regulation is a vast and rapidly changing field that is often complicated by legal challenges. Even within one regulatory framework, legal terms and their definitions are not always consistent. As technology expands, software, machine learning, and algorithms become an essential component of an increasing number of digital health resources. This presents new challenges as an increasing number of instruments fall under the regulatory framework.

Also, due to COVID-19, the global regulatory landscape is changing for all medical device companies. Exemptions have been granted by countries ranging from China to Australia and beyond. China has intensified the registration of medical protective clothing. Respirators, protective gear, thermometers, and surgical masks are exempt from registration requirements in Singapore. Australia exempts diagnostic, confirmatory testing, prevention, monitoring, and treatment devices. With these leverages, companies might be able to enter the market easily and start selling their equipment. This, in turn, can ease the burden on the regulatory affairs team.

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Medical Device Regulatory Affairs Market Report Highlights

• The regulatory writing and publishing segment dominated the market with the largest revenue share of 36.4% in 2020. This is due to a rise in the number of clinical trials, government support, and increasing need to launch the product quickly
• Based on type, the therapeutic segment accounted for the larger market share of 55.3% in 2020, due to increasing demand for equipment as a result of technological advancements in developed countries
• There is a huge demand for outsourcing of these services. Hence, the segment contributed to 60% of the global market. This is largely owing to the lack of in-house capabilities and ever-changing regulations for medical devices across the globe
• The Asia Pacific dominated the market and accounted for 37.1% of the revenue share in 2020. This is largely due to the expanding medical device market in India as a result of increased health awareness, a growing middle class, and government health initiatives

List of Key Players of Medical Device Regulatory Affairs Market

• ICON Plc
• Emergo
• Covance
• Freyr
• Promedica International
• Medpace
• IQVIA Holdings
• Intertek Plc
• SGS SA
• Integer Holdings

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Malaysia Car Wash Service Market Size Worth $1.02 Billion By 2028

San Francisco, 29 June 2021: The Report Malaysia Car Wash Service Market Size, Share & Trends Analysis Report By Type (Tunnels, Roll-over/In-bay, Self-service, Manual), And Segment Forecasts, 2021 – 2028

The Malaysia car wash service market size is expected to reach USD 1.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2021 to 2028. The market growth can be primarily attributed to the increasing focus of consumers on vehicle maintenance. Road dirt, particulate matter, bird droppings, and airborne pollution, along with additional contamination from salt deposits during winter months, present a constant threat to the car bodywork. This has led to an increased demand for car wash services. It has also been observed that clean vehicles have reduced operating costs and longer lifespans.

As the lives of customers become busier, time has become even more precious. This has given rise to the trend of Do-It-For-Me (DIFM) services. Consumers across the globe are facing a time crunch due to their fast-paced lives and they have almost no time for DIY activities. Hence, they are looking for service providers who will perform such services for them. One such service is a car wash, since it is affordable, saves time, and the car gets professional attention.

There are various small and medium players operating in the Malaysian market for car wash services. Most of these companies have a strong local presence while very few have a region-wide or country-wide presence. Players are adopting different strategies to gain major market share. For instance, 1L Car Wash is planning the expansion of its portfolio to include new and more customized services. Some companies such as Topbest Car Grooming Centre use only eco-friendly products to stand out in the market. Other players such as CARS International offer premium members heavy discounts on their services to attract more customers. The price of an average car wash in Malaysia ranges from USD 5 to USD 25.

Competition in the market is intense as the number of cars and car stations is increasing. Operators in the market are introducing new strategies to gain market share and increase their profitability. As per the Car Wash Association Malaysia (CWAM), there are around 1,000 car wash locations in the organized market in Malaysia, resulting in increased competition among the operators.

Many petrol stations in the Malaysian market also offer various additional services including car wash at their stations to increase profits and gain more consumers. For instance, Pen Petroleum Sdn Bhd is a player in the petroleum retailing industry in Malaysia. It began operations with a network of 13 Caltex-branded service stations located strategically across the country, complementing the retail network of Chevron Malaysia Limited in the Peninsular. By mid-2010, it had expanded to a network of more than 130 petrol stations across the country. Several of these petrol stations have convenience stores operated by the Xpress Point brand.

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Malaysia Car Wash Service Market Report Highlights

• By type, the roll-over/in-bay car wash segment is projected to expand at the fastest CAGR of 4.7% from 2021 to 2028
• The manual car wash type segment dominated the market with a share of over 75.0% in 2020, owing to the low cost of this service type compared to the automatic car wash service
• Operators in the market are focusing on offering additional services, such as waxing, polishing, and coating, to ensure higher profit margins and increase the profitability of the business

List of Key Players of Malaysia Car Wash Service Market

• UNITEC Textile Decoration Co., Ltd.
• Call2wash Global Sdn Bhd
• 1L Car Wash
• Topbest Car Grooming Centre
• CARS International
• Supwave Car Wash

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U.S. Processed Pumpkin Expected To Witness A Substantial Growth Of USD 2.22 Billion By 2028: Grand View Research Inc.

San Francisco, 29 June 2021: The Report U.S. Processed Pumpkin Market Size, Share & Trends Analysis Report By Product (Dried, Puree, Concentrates), By Application (Bakery, Beverages, Snacks, Desserts, Baby Food), And Segment Forecasts, 2021 – 2028

The U.S. processed pumpkin market size is expected to reach USD 2.22 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The increasing application of processed pumpkin in the form of powder, puree, and chunks in several food processing sectors, including bakery, beverages, smoothies, confectionary, baby foods, dairy, and frozen products, is driving the market demand.

Rising awareness about the nutritive value of pumpkin and a gradual shift towards healthier diets among the consumers to maintain their body weight, meet their nutritional requirements and prevent chronic diseases are expected to propel the market growth. According to a report published by the International Food Information Council (IFIC) Foundation and the American Heart Association, 95% of consumers in the U.S. sometimes or always seek healthy food choices.

Dried pumpkin emerged as the largest product segment in 2020. This is attributed to its wide consumption in the food services sector, such as bakery and quick-service restaurants, to cook dishes instantly. Moreover, as dried pumpkin is intact with several nutrients such as Vitamin A, C, E, and B12, it is highly popular among retail consumers for home use as it helps in making quick meals at home with no food preparation time.

In terms of application, the bakery segment held the largest share in the U.S. market in 2020. A large variety of beverages are made from purees, including smoothies, cocktails, mocktails, and juices. These offer a pure and natural taste along with a full-bodied mouthfeel. Major beverage companies such as Starbucks have launched pumpkin spice-infused coffee in the U.S. market owing to the rising consumer demand for healthy beverages.

Key players in the industry have been moving strategically to enhance their customer bases. For instance, in September 2019, Z Natural Foods, LLC announced to launch its new line of Organic Pumpkin Powder to cater to the rising demand for the superfood among the consumers in the U.S. These kinds of product launches are anticipated to boost the pumpkin product visibility in the U.S.

In August 2020, Starbucks Corporation announced to officially launch Starbucks Pumpkin Spice products. This new line of pumpkin products includes Starbucks Pumpkin Spice Flavored Creamer, Pumpkin Spice Flavored Coffee – K-Cup pods and Roast & Ground, VIA Instant Pumpkin Spice Flavored Latte, and Starbucks RTD Iced Espresso Classics Pumpkin Spice Flavored Latte.

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U.S. Processed Pumpkin Market Report Highlights

• By product, dried pumpkin held the largest volume share of more than 54.0% in 2020. The growth of this segment can be attributed to the increasing consumer preference for dried pumpkin chunks for making various dishes, like soup, pie, and different kinds of Asian curries
• The puree product segment is anticipated to register the fastest volume-based CAGR of 5.9% from 2021 to 2028. Pumpkin puree is witnessing rising demand from commercial as well as retail customers in the U.S. The puree is highly versatile as it is widely used for making various beverages, such as juices and coffee
• The desserts application segment is expected to expand at the fastest CAGR from 2021 to 2028. The growing popularity of leading a vegan lifestyle in the U.S. is propelling the demand for pumpkin-based desserts

List of Key Players of U.S. Processed Pumpkin Market

• Döhler Group
• Ingredion Incorporated (Kerr Concentrates)
• Woodland Foods
• Seawind Foods
• Cedenco Foods
• Nubeleaf
• Libby’s
• Milne MicroDried
• Great American Spice Company

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North America Processed Meat Market Size Is Estimated To Reach USD 34.80 Billion By 2028: Grand View Research Inc.

San Francisco, 29 June 2021: The Report North America Processed Meat Market Size, Share & Trends Analysis Report By Meat Type (Poultry, Beef, Pork, Mutton), By Type (Cured, Uncured), By Product (Chilled, Frozen, Canned, Dry & Fermented), And Segment Forecasts, 2021 – 2028

The North America processed meat market size is expected to reach USD 34.80 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.5% from 2021 to 2028. The market is expected to witness considerable growth in the years to come owing to a surge in the demand for easy-to-make food items. Furthermore, increasing purchasing power, coupled with a surge in the number of working-class professionals, will drive the market over the forecast period.

The beef meat type segment accounted for the largest revenue share in the North American market in 2020. The rising demand for grass-fed beef products that have higher nutritional value is driving this segment. Poultry-based products are expected to exhibit the highest growth rate over the forecast period owing to their low cost and the shift in consumers’ preference for white meat instead of red meat.

The chilled product segment dominated the market in 2020. Chilled products, frozen at a temperature from 1°C to 4°C, are packaged under a modified or controlled atmosphere packaging to preserve them against microbial deterioration and spoilage. Increasing advancements in chilling technology have been enabling better preservation, packaging, and transportation of chilled products. This, in turn, is boosting the growth of the sector over the years.

The U.S. is one of the largest consumers of meat products in the world. Most people in the country consume some form of processed meat in their daily meals. Such consumption patterns in the country offer significant opportunities for meat processors to launch new products. In addition to this, almost all consumers are highly dependent on animal-based protein, which is also boosting the demand for the product in the country.

In February 2020, The Chefs’ Warehouse, a leading distributor of specialty food products in North America, acquired Cambridge Packing Company. Cambridge Packing Company, a U.S.-based company, offers high-end beef, pork, poultry, and seafood products.

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North America Processed Meat Market Report Highlights

• The poultry meat type segment is expected to register the fastest revenue-based CAGR of 4.1% from 2021 to 2028 owing to the increasing consumer preference for white meat products
• The uncured type segment is expected to register the fastest revenue-based CAGR of 4.3% from 2021 to 2028
• The U.S. dominated the market by accounting for over 61.0% share in terms of revenue in 2020 owing to the high consumption of the product among U.S. consumers
• The chilled product segment held the largest revenue share of more than 65.0% in 2020

List of Key Players of North America Processed Meat Market

• Tyson Foods, Inc.
• Conagra Brands, Inc.
• Sysco Corporation
• Smithfield Foods, Inc.
• Perdue Farms
• Cargill, Incorporated
• JBS USA
• Hormel Foods Corporation
• National Beef Packing Company, LLC
• OSI Group

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Treatment Planning Systems And Advanced Image Processing Market Size Is Poised To Reach USD 3.0 Billion By 2028: Grand View Research Inc.

San Francisco, 29 June 2021: The Report Treatment Planning Systems And Advanced Image Processing Market Size, Share & Trends Analysis Report By Component, By Technique, By Application (Adaptive Radiotherapy, Dose Accumulation), By Region, And Segment Forecasts, 2021 – 2028

The global treatment planning systems and advanced image processing market size is expected to reach USD 3.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2021 to 2028. The increasing prevalence of cancer and rising product development pertaining to cancer research undertaken by key players are driving the market growth. According to estimates published by GLOBOCAN in 2020, 19.3 million new cancer cases were diagnosed and 10.0million cancer-related mortalities recorded.

As per the WHO, cancer is the leading cause of death globally and claims one in every six lives. According to Novartis, there are more than 200 types of cancers prevalent in the world and each requires a unique diagnosis and line of treatment. The growing cancer burden is expected to boost the demand for advanced oncology therapies with accurate and efficient results, thereby aiding the market growth.

Moreover, the oncology space is witnessing innovations and investments by market leaders to develop novel technologies that possess the potential to alter the treatment regime drastically. Advancements in healthcare infrastructure and the unraveling of opportunities in emerging markets are contributing to growth. Governments around the world are promoting public-private collaboration to accelerate product development.

Recent developments in the field of imaging technology have found wide-scale adoption in treatment planning, treatment simulation, and image guidance in radiotherapy processes. For instance, in January 2021, OncoLens raised USD 7.3 million in a Series A funding round. Additionally, General Atlantic invested around USD 200.0 million for launching OneOncology, a company designed for helping community oncology practices with technical data, innovation, and research. Furthermore, Purdue Pharma L.P is investing in its oncology R&D to diversify scientific research in high unmet medical need areas and thereby establishing a potential portfolio of delivering new cancer therapies to patients over the forthcoming years.

Furthermore, Artificial Intelligence (AI) and Machine Learning (ML) are witnessing increased adoption in oncology software systems to improve diagnosis, treatment plan, simulation, and management. The amalgamation of AI/ML has significantly improved diagnosis and imaging segments of oncology care. One such highlight of these deep learning algorithms was detecting skin cancer based on skin photographs.

AI used in cancer screening and detection further aids in treatment planning processes and prevents collateral tissue/organ damage. For instance, the American College of Radiology founded the Data Science Institute to promote collaboration amongst radiologists, private and public agencies to adopt and develop Ai-based imaging solutions. Similarly, the American Society of Clinical Oncology and American Society for Radiation Oncology initiated CancerLinQ and the National Institute of Health founded Big Data to Knowledge initiative. Additionally, the increase in investments in AI for oncology is contributing to market development and growth.

Access Research Report of Treatment Planning Systems And Advanced Image Processing Market @ https://www.grandviewresearch.com/industry-analysis/treatment-planning-system-advanced-image-processing-market

Treatment Planning Systems And Advanced Image Processing Market Report Highlights

• The market is anticipated to witness significant growth over the forecast period owing to the increasing prevalence of cancer and rising investments in oncology
• Treatment planning software dominated the treatment planning systems and advanced image processing component segment in 2020, owing to increased demand for accurate and precise treatment options
• Validation of image registration application dominated the market in 2020 owing to an increasing need of forming real-time image datasets from multi-modalities and anatomical atlases
• North America dominated the market in 2020 owing to the presence of sophisticated healthcare infrastructure and cancer research institutes coupled with high healthcare expenditures

List of Key Players of Treatment Planning Systems And Advanced Image Processing Market

• Accuray Incorporated
• Elekta
• Koninklijke PHILIPS N.V.
• RaySearch Laboratories
• Varian Medical Systems
• Brainlab
• Prowess Inc.
• DOSIsoft SA
• ViewRay Inc.
• MIM Software Inc.

Access Press Release of Treatment Planning Systems And Advanced Image Processing Market @ https://www.grandviewresearch.com/press-release/global-treatment-planning-system-advanced-image-processing-market