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karls scott
20 days ago
The Business Intelligence Procurement Intelligence Report 2023-2030: Unlocking the Value of Procurement Analytics

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The business intelligence category is expected to grow at a CAGR of 9.1% from 2023 to 2030. The organizations’ desire to modernize and to have a solid strategy for effective go-to-market planning is the primary pillar of category growth. Its services cover a comprehensive understanding that aids in better business decisions that are quick, precise, and tailored providing a competitive edge over others, making it irresistible for a company to implement it in their business. Organizations are starting to recognize and value the importance of data in their operations as the world generates more data from various sources.

The global business intelligence market size was estimated at USD 26.92 billion in 2022. Every industry is seeing an increase in the adoption of BI solutions among small and midsized organizations, fueling the category market. The advantages that BI software offers have led to a spike in the demand for cloud-based business solutions in the SME sector. Data scalability is a prominent feature of BI software and application. The rising need for industry-specific BI solutions in banking, manufacturing, healthcare, security services, and many other areas is one of the emerging category trends.

#ProcurementIntelligence #SupplyChainOptimization #StrategicProcurement #SpendAnalyticsTrends #SupplierRiskManagement #ProcurementTransformation #DataDrivenProcurement #DigitalProcurementSolutions #ProcurementPerformanceMetrics #ProcurementIndustryForecast
karls scott
20 days ago
Growing Emphasis on Developing Companion Diagnostics for Targeted Cancer Therapies

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The global cancer diagnostics market is combine to account for USD 45.66 billion revenue in 2022, which is expected to reach USD 89.02 billion by 2030, growing at a cumulative rate of 5.97% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

Key players in this market are implementing various strategies including partnerships, mergers and acquisitions, geographical expansion, and strategic collaborations to expand their market presence. For instance, in February 2023, F. Hoffmann-La Roche Ltd. announced extending its collaboration with Janssen to advance personalized healthcare by focusing on companion diagnostics.

#CancerDiagnosticsMarket #EarlyDetectionTechnologies #OncologyDiagnostics #PrecisionMedicineTrends #CancerScreeningInnovations #LiquidBiopsyDevelopments #MolecularDiagnosticsInCancer #AdvancedImagingTechniques #DigitalHealthInOncology #FutureofCancerDiagnostics
karls scott
20 days ago
Increasing Demand for Multifunctional and Multipurpose Beauty and Personal Care Products

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The economic value generated by the beauty and personal care products industry was estimated at approximately USD 518.56 billion in 2022. Rising consumer awareness regarding personal grooming, hygiene, and appearance has led to a growing demand for beauty and personal care products worldwide. Consumers are increasingly seeking products that enhance their physical appearance and well-being.

Consumer preferences and trends play a significant role in shaping the beauty and personal care market. Shifts towards natural and organic products, sustainable packaging, and cruelty-free formulations are gaining momentum. Consumers are also demanding personalized and innovative products to cater to their specific needs. This is expected to propel market growth over the forecast period.

Asia Pacific dominated the beauty & personal care products market in 2022 with a revenue share of around 40%. Asia Pacific is expected to remain the largest regional market and witness the fastest growth over the forecast period due to the rapidly growing population thus leading to higher demand for high-quality beauty and personal care products for overall comfort. In countries like China and India, the market is experiencing significant growth due to an increase in the number of working women and their growing interest and purchasing power for beauty products. Additionally, the young population in these countries, who have internet access, presents substantial opportunities for the market's expansion in the coming years.

#BeautyIndustryTrends2023 #PersonalCareProductsMarket2030 #CosmeticsIndustryForecast #SkincareTrends2023to2030 #HairCareMarketGrowth #MakeupIndustryAnalysis #SustainableBeautyProducts #PersonalCareProductInnovation #BeautyIndustryDemographics #GlobalCosmeticsMarket2023 -2030
karls scott
21 days ago
Sustainable Sourcing in Shipping Containers Procurement: Trends and Best Practices

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The shipping containers category is anticipated to grow at a CAGR of 7.1% from 2023 to 2030. The expansion can be attributed to the rise in international trade, facilitated by the digitization of the shipping sector and the rising utilization of specialized containers. Additionally, the container industry has experienced further growth in response to increasing consumer demand. The shipping industry contributes to around 90% of the goods transported. According to the International Chamber of Shipping 2022 report, around 11 billion tons of goods are transported through shipping containers every year.

Apart from transportation, shipping containers have also been gaining momentum in the construction industry, from building homes to creating pop-up stores. Shipping containers are used for modular construction as they reduce costs and construction time and are efficient and easy to construct. They are used in the construction of homes, schools, hotels, and emergency shelters. For instance, in 2022, Spanish studio Fenwick Iribarren Architects constructed a thousand dormitory rooms using shipping containers for fans attending the FIFA World Cup 2022. Additionally, countries such as Australia and the UK are carrying out constructing activities using containers due to the need for affordable housing, specifically in urban areas. Rising demand for the category from the construction industry is expected to drive the growth of the category.

#ShippingContainers #GlobalSupplyChain #ProcurementIntelligence #logisticsoptimization #ContainerManagement #FreightTransportation #SupplyChainTrends #IndustryResearch #ProcurementStrategies #ContainerProcurement
karls scott
21 days ago
Car Wash & Detailing Services Market: Identifying Opportunities for Diversification and Expansion

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The car wash and detailing services industry is experiencing significant growth due to the increasing number of vehicles on the road and rising disposable income levels. As car ownership expands, there is a larger customer base seeking professional services to maintain and improve the condition and appearance of their vehicles. This presents a lucrative opportunity for businesses in the car wash and detailing sector to cater to the growing demand and capitalize on the willingness of car owners to invest in high-quality services.

The preference among consumers for professional car wash services over do-it-yourself options is experiencing a notable growth trend across the globe. According to a blog published by Franchise Chatter in May 2023, a significant majority of U.S. drivers, approximately 72%, consistently choose professional car wash services, with the conveyor car wash segment being particularly lucrative. Prominent participants in the car wash services market are increasingly emphasizing mergers and acquisitions as a strategic approach to expand their service coverage and drive revenue growth.

Subscription-based car wash has emerged as a prominent global trend, with various car wash brands adopting this model. Under this subscription offering, customers pay a fixed rate and enjoy unlimited access to car wash services throughout the month. This business model provides a high level of convenience and attractiveness, particularly during times of financial constraints, as it offers frequent visitors a cost-effective option.

#CarWashIndustry #AutoDetailing #VehicleCleaning #CarCareServices #AutomotiveServices #CleaningTrends #ProcurementStrategies #ServiceIndustryGrowth #transportationservices #CarMaintenanceInnovation
karls scott
21 days ago
Analyzing the Integration of Artificial Insemination with Emerging Technologies in the Livestock Sector |

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The global market size for livestock artificial insemination was estimated at USD 6.45 billion in 2022 and is anticipated to increase at a CAGR of 6.30% from 2023 to 2030. The market continues to evolve as technological advancements, changing market dynamics, and the need for genetic improvement shape its landscape. The increasing demand for meat & dairy products, supportive initiatives, advancements in reproduction technology, the need for sustainable food production, synchronized breeding programs, and the diversification of AI applications to different livestock species are key trends driving the market's growth. As per the OECD-FAO Agricultural Outlook, for instance, global milk production is projected to increase from 901,646 kt pw to 1,059,850 kt pw from 2022 to 2031. Moreover, the consumption of fresh dairy products across the globe is estimated to increase from 453,492 kt pw to 555,998 kt pw from 2022 to 2031.

Artificial insemination provides an effective means of disease control and biosecurity. By utilizing AI, breeders can avoid the risks associated with natural mating, including the transmission of sexually transmitted diseases and infections. The ability to screen and test semen for diseases ensures that only disease-free genetics are introduced into the herd. With increasing concerns about animal health and biosecurity, the demand for artificial insemination as a disease control measure is on the rise. Furthermore, the livestock AI market is expanding beyond traditional sectors like dairy and beef cattle. There is a growing interest in using artificial insemination for small-scale and specialty livestock species such as pigs, sheep, goats, etc. It also offers the advantage of accessing superior genetics and improving breeding outcomes in these niche sectors.

#LivestockAI #ArtificialInsemination #AnimalReproduction #CattleBreeding #DairyIndustry #AnimalHusbandry #LivestockTechnology #FarmingInnovations #RuminantReproduction #AgricultureTrends2023 -2030
karls scott
24 days ago
Food Processing Equipment Industry Outlook 2023 - 2030: Embracing Collaborative Innovations

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The economic value generated by the food processing equipment industry was estimated at approximately USD 44,842.6 million in 2020. The global food processing equipment market growth is expected to be significantly driven by the growing demand for processed food products. Rising population, increasing disposable income, shift in the consumer shopping behavior is likely to demand for more processed food products during projected timeframe.

A rapid increase in population growth and expansion of manufacturing industries across the world are anticipated to boost the consumption for processed food products and food processing equipment market over the forecast period. In the U.S., around 23% of adults eat fast food meals approximately three or more times a week, according to the Fast-Food Statistics 2021 report. Rising expenditure on processed food & beverages and rapid industrialization is expected to increase demand for food processing equipment over the forecast period.

#FoodProcessingEquipment #FoodProcessingIndustry2023 -2030 #FoodManufacturingTech #FoodProcessingInnovation #ProcessingEquipmentMarket #FoodProductionEfficiency #FoodSafetyTechnology #FoodProcessingAutomation #FoodEquipmentSupplyChain #FoodManufacturingTrends2023 -2030
karls scott
24 days ago
Safari Tourism Industry Outlook 2023 - 2030: Embracing Collaborative Innovations

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The increasing disposable income and the rising middle class in many countries have led to a growing desire for unique and experiential travel experiences. Safari tourism offers an immersive and adventurous experience in the wild, appealing to the aspirations of modern travelers. The growing interest in sustainable and responsible tourism practices has contributed to the growth of safari tourism. Travelers are seeking experiences that promote conservation efforts, support local communities, and protect wildlife habitats.

Safaris often involve eco-friendly practices and provide opportunities for travelers to engage in wildlife conservation activities. Furthermore, advancements in transportation and infrastructure have made safari destinations more accessible to a larger audience. Improved air connectivity, better road networks, and enhanced tourism infrastructure in safari regions have made it easier for travelers to access remote wildlife areas.

#SafariTourism #AfricanSafariIndustry #TourismTrends2023 -2030 #WildlifeSafariMarket #EcotourismGrowth #AdventureTravelIndustry #SustainableSafariTourism #AfricaTourismInsights #SafariExperienceInnovation #TourismInvestment2023 -2030
karls scott
24 days ago
U.S. Landscaping Services Procurement Intelligence Report, 2023 - 2030: Enhancing Supplier Diversity

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The U.S. landscaping services category is anticipated to grow at a CAGR of 5.09% from 2023 to 2030. It is attributed to be driven by rise in disposable income, growing use of third-party businesses for landscaping services who specialize in improving corporate campus environments, and rising investments in the construction of non-residential personal entities. In addition, the category is also being fuelled by increased emphasis on the use of native plant species, water conservation, composting of waste from the yard, and shift in people's inclination towards landscaping methods that are environment friendly.

However, strict regulatory framework for ensuring the quality and safety of the services rendered, and efficient management of the waste getting disposed while offering the services are anticipated to hinder the growth of the category.These laws serve to safeguard customers and the environment and are crucial in preserving the integrity of the sector.

#LandscapingProcurement #USLandscapingServices #ProcurementIntelligence2023 -2030 #LandscapingServicesMarket #ProcurementOptimization #LandscapingSupplyChain #SustainableLandscaping #ProcurementTrends #LandscapingIndustryInsights #ProcurementStrategies2023 -2030
karls scott
25 days ago
Lubricants Sector Outlook: Identifying Lucrative Opportunities 2023-2030

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The economic value generated by the lubricants industry was estimated at approximately USD 134.65 billion in 2022. This economic output is an amalgamation of basic lubricant product categories namely, industrial, automotive, marine, and aerospace lubricants.

The global lubricant industry has been witnessing a significant change, particularly in terms of raw materials, owing to the rising demand for bio-based lubricants. Asia Pacific has emerged as one of the largest consumers of lubricants owing to the rapidly growing automotive industry along with industrial development in the region. The most extensively used lubricants in the Asian market include automotive engine oils, greases, and hydraulic fluids. The market in the Asia Pacific has started mirroring the American and European regulatory systems, and countries like Japan and South Korea are thus emphasizing eco-labeled lubricants.

Developing economies such as China, India, and Indonesia etc. are driving the manufacturing Industry across the globe. With an increased number of downstream and midstream projects, such as pipeline network expansion, LNG terminals, and downstream capacity expansion, the use of equipment has also increased, thus demand for specialized lubricants used for proper functioning of machineries will in turn increase for the forecast period.

#LubricantsIndustry #LubricantsTrends #LubricantsMarketGrowth #LubricantsApplications #LubricantsInnovation #SyntheticLubricants #LubricantsSupplyChain #LubricantsRegulations #LubricantsIndustryForecast #EmergingLubricantsTechnologies
karls scott
25 days ago
Bedding Sector Outlook: Identifying Lucrative Opportunities 2023-2030

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The economic value generated by the bedding industry was estimated at approximately USD 148.06 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of bedding materials, distribution & supply, and application of bedding.

Technological advancements in bedding materials and manufacturing processes have a significant impact on the bedding market. The development of new materials that can regulate temperature or wick away moisture help to meet the growing demand for bedding that promotes a comfortable and restful sleep.

Asia Pacific dominated the bedding market in 2022 with a revenue share of over 37%. Asia Pacific is expected to remain the largest regional market and witness the fastest growth over the forecast period due to the rapidly growing population thus leading to higher demand for high-quality bedding products for overall comfort. In addition, tourism in the region is increasing the demand for high-quality bedding products in hotels and resorts. This is further expected to bolster the demand for bedding products in commercial spaces.

#BeddingIndustry #BeddingMarketTrends #SleepProductsInnovation #MattressManufacturing #BeddingConsumerInsights #BeddingSupplyChain #BeddingRetailDynamics #SleepTechnology #BeddingIndustryForecast #EmergingBeddingBrands
karls scott
25 days ago
Legal Services Procurement Outlook: Identifying Lucrative Opportunities 2023-2030 |

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The legal services category is expected to grow at a CAGR of 5.3% from 2023 to 2030. The Increasing importance of legal technology and the adoption of automation tools such as artificial intelligence, and private cloud tech are driving the category growth. The move towards toward a multidisciplinary approach is being incorporated into various fields like technology, finance, and business. This shift allows lawyers to offer holistic solutions by merging their legal skills with industry-specific expertise. As the data volume is rising day by day, in-house corporate legal departments must adopt automated AI software to streamline data management, which would result in enhanced client experience. For instance, in September 2023, Rally announced an "Open AI-powered" contract/legal writing add-in application known as Spellbook. It uses the GPT-3 large language model and has the ability to suggest new language in contract.

The global legal services category size was valued estimated at USD 952.29 billion in 2022. Private cloud technology is a form of cloud-based computing and data storage exclusively owned by the utilizing law firm. It is inaccessible to the public, ensuring complete privacy. This exclusive access is especially beneficial for law firms dealing with sensitive information regularly. With the increasing prevalence of cybercrimes, private cloud technology provides a secure and dependable operational solution for law firms.

#LegalServicesProcurement #ProcurementIntelligence #LegalSpendManagement #SupplierRelationships #ProcurementBenchmarking #ProcurementStrategies #LegalServicesOutlook #ProcurementInnovation #LegalServicesProcurementTrends #ProcurementExcellence
karls scott
26 days ago (E)
Industrial Robotics Procurement Landscape: Opportunities and Challenges

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The global industrial robotics market was valued at USD 26.52 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. The growing trend of Industry 4.0 is driving the use of robotics and smart manufacturing in the industrial sector. Manufacturers are expanding their factories to cater to the growing demand for industrial robotics. For instance, in December 2022, ABB Ltd. opened a new mega robotics factory for production and research in Shanghai, China. The company invested around USD 150 million to launch the 67,000-square-meter factory.

Moreover, companies are developing robots with advanced technologies and modern features due to the growing industrial sector and its complex processes. For instance, in June 2022, Epson Robotics launched its GX4 and GX8 SCARA robotics series. The company announced that the robots would provide multiple arm support and offer high precision task accuracy for complex handling tasks. Technological advancements of similar nature are expected to drive market growth during the forecast period.
#IndustrialRobotics #RoboticsAutomation #ProcurementStrategies #ManufacturingTechnology #SupplyChainOptimization #TechInvestments #OperationalEfficiency #CompetitiveAdvantage #IntelligentRobotics #IndustryInsights
karls scott
26 days ago
Data Collection and Labeling Industry: Analyzing Market Dynamics and Forecasts

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The global market size for data collection and labeling was estimated at USD 2.22 billion in 2022 and is anticipated to grow at a CAGR of 28.9% from 2023 to 2030. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces. Further, the market is expected to witness a surge in technology adoption owing to benefits such as extracting business insights from socially shared pictures and auto-organizing untagged photo collections.

With the growing implementation of Electronic Health Record (EHR) systems, the accumulation of clinical data, including unstructured text documents, has become one of the valuable resources for clinical research. Statistical Natural Language Processing (NLP) models have been developed to unlock information embedded in clinical text. Additionally, text labeling is highly utilized in social media monitoring due to improvements in sentiment analysis. E-commerce companies use social media data to influence their customers to purchase. By utilizing image labeling, consumers shopping online can search for clothing or accessories by simply taking a picture of the desired texture, print, or color using their smartphone. The captured photo is uploaded to an app that uses AI technology to search an inventory of products and find similar items based on the visual characteristics of the uploaded image.

#DataCollection #DataLabeling #AITrainingData #DataQuality #DataAnnotation #MachineLearning #DataPreparation #DataInsights #DataAccuracy #DataDriven
karls scott
26 days ago
Male Infertility Treatments: Advancements, Innovations, and Market Dynamics

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The global male infertility market size was valued at USD 4.03 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.95% from 2023 to 2030.

New product approvals, commercialization of home-based diagnostic kits, increase in the incidence of infertility leading to higher diagnosis rate, and rise in awareness are some of the key factors expected to drive the market.

Increasing demand for Assisted Reproductive Technology (ART) is a major cause of the growth in the male infertility industry’s global revenue. ARTs can help males with no sperm, abnormal sperm, or sperm with poor motility. Furthermore, a higher success rate than other medications and advancements in technology are expected to increase the demand for ART, which is likely to drive the market over the forecast period.

#maleinfertility #InfertilityTreatments #ReproductiveHealth #InfertilityResearch #FertilityInnovations #MaleReproductiveHealth #InfertilityPrevention #SemenAnalysis #InfertilityDiagnosis #FertilityTechnology
karls scott
27 days ago
Facial Rejuvenation Products Industry: Market Segmentation and Growth Forecast (2023-2030)

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The global facial injectable market size was estimated at USD 12.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. The ongoing COVID-19 pandemic has increased the time spent on video calls. Known as the ‘Zoom Boom’, several adults are becoming more aware of their appearance. This has increased demand for cosmetic surgeries, with Botox being one of the most popular products preferred.

Patients are also opting for cosmetic surgeries owing to ease of recovery while staying at home. Thus, the market has witnessed a spike during the pandemic and this trend is expected to boost further. The presence of well-established key players like Allergan, Sinclair Pharma, and Galderma with a comprehensive injectable fillers portfolio treating a broad range of skin indications like wrinkles, pigmentation, plumping of lips, scars, restoring facial fullness as well as enhancing facial contours is expected to drive the demand for facial injectable procedures thereby boosting market revenue. Factors such as the increasing social media exposure, rising effectiveness, and approvals for facial injectables, and the escalating desire among the population to look aesthetically appealing and young are expected to drive the market growth during the forecast period.

#AdvertisingProcurement #ProcurementIntelligence #StrategicSourcing #AdvertisingInsights #ProcurementReport #MarketForecast #SupplyChainManagement #ProcurementStrategy #CostEfficiency #FutureTrends
karls scott
27 days ago
Adhesive Tapes Industry: Market Segmentation and Growth Forecast (2023-2030)

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The economic value generated by the adhesive tapes industry was estimated at approximately USD 72.20 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of adhesive tapes, distribution & supply, and various products of adhesive tapes.

The rising application of adhesive tapes in industries such as construction, automotive, aerospace, electrical, and sports propels the global demand for adhesive tapes. Furthermore, increasing penetration of health care and hospitality industries in major developing countries such as India, China, Mexico, and Brazil is expected to boost demand for adhesive tapes over the forecast period.

Adhesive tapes are versatile and inexpensive, and they can be used for a variety of applications such as joining, masking, sealing, splicing, bundling, and surface protection. Adhesive tapes have grown in popularity since they do not require any machinery or specific tools to apply. They are light and compact and come in rolls that may be unwound as needed. Adhesive tape, unlike traditional mechanical fasteners such as screws and bolts, avoids the need to pierce or punch the substrate, causing stress on a surface. The aforementioned factors are expected to propel the adhesive tapes market.

#AdhesiveTapesIndustry #StrongBond #SecureConnections #TapeSolutions #IndustrialAdhesives #PackagingMaterials #VersatileAdhesiveTapes #InnovationInTape #EfficientBonding #AdhesiveSolutions
karls scott
27 days ago
Assessing the Impact of Artificial Intelligence on Advertising Services Procurement

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The global advertising services category is expected to witness a CAGR of 5.9% from 2023 to 2030. Growth in this category is fueled by the increasing demand for short content and video ads, as well as the growing number of smartphone users and the increasing penetration of the internet in developing economies. The different segments considered for this report include - television, YouTube and OTTs, radio, and podcasting, print and newspaper, digital publications, and digital banners and billboards.

The dependence on first-party data is gaining significant prominence in the advertising space due to increasing data privacy regulations. Google and Tesco are two of the biggest examples. For instance, Tesco has started using information (first-party data) from their Clubcard and/or loyalty programs to create more targeted ads and customized communications based on actual purchases. In 2022, Google partnered with IAB to provide publishers with new tools and applications for controlling their first party data. Publishers using Google Ad Manager will be able to serve relevant ads on iOS without tracking users across third-party applications.

#FacialRejuvenationProducts #SkincareRevolution #YouthfulGlow #BeautyRenewal #SkinRevival #AgeDefyingCare #AntiAgingSolutions #HealthySkinJourney #BeautyFromWithin #TimelessBeauty
karls scott
28 days ago
Industrial Centrifuge Procurement: Category Spend Analysis and Cost Drivers

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The industrial centrifuge category is expected to grow at a CAGR of 4.43% from 2023 to 2030. The growing demand for centrifuges from the process industries such as chemical, food, metal, mining, pharmaceutical, and biotechnology is expected to drive the category growth. Throughout the forecast period, a growing improvement in the wastewater management industry and technological advancements are expected to have positive effects on the category.

The North American region accounts for the largest category share. The high demand for crude oil, the massive amount of shale oil and gas drilling operations, a thriving food processing industry, technological advancements, government support to manage wastewater and initiatives to create novel centrifugation systems are all the factors that have contributed to the success of this region.

With the help of new technologies, the chemical industry is constantly utilizing industrial centrifuges for the separation process. Technological developments in this category include chemical separation technology and decanter centrifuge technology. The decanter centrifuge technology aims to provide the decanter's internal separation process to have better control and enhance the system's overall performance enabling quick responses towards altering feed conditions.

#CentrifugeProcurement #IndustrialCentrifuge #ProcurementIntelligence #SupplyChainManagement #ProcurementInsights #CategoryManagement #StrategicSourcing #ProcurementTrends #SupplierManagement #ProcurementStrategy
karls scott
28 days ago
Cryptocurrency Industry: A Boon for Financial Inclusion in Developing Economies

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The global cryptocurrency market generated over USD 40.09 billion in 2021 and is expected to grow at a CAGR of 26.8% over the forecast period. The cryptocurrency is segmented in various end uses such as trading, government, gaming, banking, healthcare, retail & e-commerce, and others. Cryptocurrency uses distributed ledger technology such as blockchain to validate transactions. The increasing adoption of distributed ledger technology is anticipated to propel the market growth during the forecast period. Moreover, increasing usage of cryptocurrencies for cross-border remittances is expected to fuel market expansion due to the reduction in consumer fees and exchange charges.

One of the key elements influencing the growth of digital currency is the rising need for better transparency and operational efficiency in digital payments systems, increase in data security, and integration of blockchain technology. Additionally, the growing adoption of digital currency by major corporations such as MasterCard Inc. and Tesla Inc. is anticipated to boost industry expansion. Binance, Bit fury Group Limited, Ripple, and Intel Corporation are some of the key players spearheading the growth of these applications.

#CryptocurrencyIndustry #digitalcurrency #BlockchainRevolution #cryptomarket #DecentralizedFinance #CryptocurrencyInvestment #CryptoTechnology #FutureOfMoney #CryptoEconomy #CryptocurrencyTrends
karls scott
28 days ago
Filters Industry to Witness Promising Growth in the Chemical Sector

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The economic value generated by the filters industry was estimated at approximately USD 40.19 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of filters, distribution & supply, and application of filters.

Stringent regulations regarding safe environmental conditions and pollution control measures are expected to promote the use of filters in industrial processing facilities and manufacturing industries. Moreover, the rise in vehicle emissions from ICE-based vehicles is likely to support the demand for filters in the automobile industry.

Asia Pacific dominated the filters market in 2022 with a revenue share of over 44.1%. Robust manufacturing bases in the region, specifically in China and India have provided accelerating growth to the regional industrial output with major manufacturing operations including production of automobiles, machinery, electrical & electronics, consumer goods, food & beverage production, and meat processing. In addition, workplace safety regulations and environment protection policies by local authorities have mandated the facility operators to use advanced filtration techniques to reduce pollution levels, thus are likely to increase the demand for filters.

#FiltersIndustry #FilterTechnology #CleanAirSolutions #WaterFiltration #EnvironmentalProtection #IndustrialFilters #AirQualityControl #watertreatment #SustainableFiltration #AdvancedFilterSystems
karls scott
1 month ago
Video Post-Production Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

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The video post-production services category is anticipated to grow at a CAGR of 13% from 2023 to 2030. Technological advancements such as AI, machine learning, and AR and VR have transformed the way videos are edited post-production. Automating post-production tasks such as arrangements of visual and audio, color correction, adding visual effects, and finishing touches are reshaping the video content creation and distribution. Technologies such as virtual reality, 360-degree video, machine learning, and artificial intelligence are expected to play crucial roles in this category. Additionally, the shift in consumer preference towards mobile-first video and the rising importance of social media platforms as distribution channels are driving the growth in the category.

Real-time editing and collaboration are likely to boost over the forecast period. The rising cloud-based platforms and high-speed internet enables video editing teams to work remotely and collaborate on projects in real-time. This helps them to improve their productivity while enhancing the efficiency. Real-time editing enables instantaneous feedback, allowing a more creative and dynamic process.

#VideoPostProductionServices #ProcurementIntelligence #MarketInsights #SupplyChainManagement #StrategicSourcing #VendorManagement #CategoryManagement #CostOptimization #SupplierEvaluation #ProcurementTrends
karls scott
1 month ago
Surgical Robots Industry Data Book - Orthopedics and Non- Orthopedics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

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The global surgical robots market was valued at USD 3.5 Billion in 2022 and is anticipated to grow at a CAGR of 18.0 % over the forecast period. The market growth is attributed to the rising adoption of automated equipment used for surgical procedures coupled with the increasing shortage of surgeons and physicians. COVID-19 has further impacted the market by increasing awareness regarding the benefits, such as the reduced risk of contamination and human error, associated with the adoption of surgical robots. Moreover, increasing investment by international and regional players in the technological advancements of surgical robots is anticipated to drive the market's growth over the forecast period.

North America held the largest market share in 2022, owing to the presence of technologically advanced healthcare infrastructure coupled with the increasing adoption of automated surgical equipment. Furthermore, the increasing prevalence of chronic disorders such as diabetes, cardiovascular disease, and cancer is anticipated to drive the demand for advanced and cost-effective surgical robots in the region. According to an article published by Johns Hopkins University, robotic cardiac surgery is a minimally invasive heart surgery performed with robot-controlled tools and instruments. The procedure is generally called Da Vinci surgery based on the name of the manufacturer of the robot.

#SurgicalRobotsIndustry #FutureOfSurgery #RoboticAssistance #MinimallyInvasive #MedicalInnovation #PrecisionSurgery #advancedtechnology #SurgicalAutomation #HealthcareRevolution #RoboticsInMedicine
karls scott
1 month ago
Biomarkers Industry Data Book - Cardiac Biomarkers, Cancer Biomarkers, Non-alcoholic Steatohepatitis Biomarkers, Neurological Biomarkers Market

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The global biomarkers markets combine to account for USD 41.62 billion revenue in 2021, which is expected to reach USD 137.76 billion by 2030, growing at a cumulative rate of 14.2% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

The global cardiac biomarkers market was valued at USD 13.98 billion in 2021 and is anticipated to witness growth at a rate of 14.7% over the forecast period. CVDs are one of the main causes of death globally, and hypertension & its pathological adverse effects pose a significant risk for other cardiac diseases, such as heart failure & stroke. Identifying early-stage biomarkers of hypertension and other CVDs is of high significance in predicting & preventing major mortality & morbidity related to these diseases. In addition, new research is focused on discovering second-generation biomarkers for CVDs. Constant advancements in this field to discover novel biomarkers are anticipated to boost segment growth.

#BiomarkersIndustry #FutureOfBiomarkers #BiotechInnovation #PrecisionMedicine #DiagnosticAdvancements #HealthcareTechnology #PersonalizedMedicine #BiomarkerResearch #MedicalBreakthroughs #DiseaseDetection
karls scott
1 month ago
Category Management in Personal Protective Equipment Procurement

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The Personal Protective Equipment (PPE) category is expected to grow at a 6.7% CAGR from 2023 to 2030. Factors such as strong growth in end-use industries such as chemicals, healthcare, construction, and manufacturing, and increasing demand due to a rise in product innovation in PPE design, materials such as polyolefins, polyamides, and ultrahigh-molecular-weight polyurethane, and manufacturing processes to increase end-use adoption are fueling the category growth. The demand for smart PPE, which increases worker safety, is one of the key trends in the market.

The global Personal Protective Equipment (PPE) market size was valued at USD 78.30 billion in 2022. The global category includes many segments such as hand protection, protective clothing, eye protection, protective footwear, respiratory protection, and others. The biggest segment is hand protection, followed by protective garments. More than 80% of the sales come from these four major sectors - hand protection, protective clothing, protective footwear, and respiratory protection. The North American region now holds a market share of more than 30%, followed by APAC and Europe. The APAC personl protective equipment category is expected to witness the fastest growth.

#PPEProcurement #ProcurementIntelligence #PPEInsights #ProcurementReport #PPEProcurementTrends #SupplyChainManagement #PPEForecast #ProcurementStrategy #PPECategory #Procurement2023 -2030
karls scott
1 month ago
Market Forecast and Growth Potential for the Electric Off-Highway Equipment Sector

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The electric off-highway equipment market is poised to experience growth owing to factors such as urbanization, higher carbon, and electrification equipment driving the market growth. The electrification of agriculture equipment such as tractors, threshers, and ergonomic tools for increasing crop production while decreasing the overall cost drives market growth.

The higher concentration of carbon emission by the construction industry is prompting the electrification of construction equipment vehicles such as excavators, motor graders, and loaders by replacing fossil fuel with batteries, which is further augmenting the market growth. Furthermore, incumbents in the mining industry are focusing on launching electric variants of equipment such as large dozers, mining trucks, crushers, and rotary drill rigs, contributing to the market growth.

#ElectricOffHighwayEquipment #SustainableConstruction #FutureOfOffHighwayEquipment #ElectricPowertrain #OffHighwayIndustry #ConstructionEquipment2023 -2030 #ElectricMiningEquipment #OffHighwayAutomation #GreenConstruction #ElectricEquipmentRevolution
karls scott
1 month ago
Emerging Trends in the Advanced Wound Dressing Products Market

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The global foam dressings market generated over USD 1.7 Billion revenue in 2022 and is projected to expand at a CAGR of around 4.71% during the forecast period.

Foams dressings are made up of hydrophilic polyurethane material which is a highly absorbent material. Foams help in absorbing moisture that aids in maintaining the integrity of tissue. The increasing cases of burns and trauma across the globe are expected to propel the segment growth.

#AdvancedWoundDressing #WoundCareSolutions #InnovationInWoundDressing #WoundHealingTechnology #FutureOfWoundCare #WoundDressingIndustry #AdvancedWoundManagement #WoundCareInnovation #WoundDressingProducts #WoundCare2023 -2030
karls scott
1 month ago
Procurement of Packaging Design Services for FMCG and Retail Brands 2023-2030

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The packaging design services category is anticipated to grow at a CAGR of 4% from 2023 to 2030. The packaging industry is witnessing a shift toward sustainable packaging to optimize the amount of material used. Corporate Social Responsibility (CSR) has come into the spotlight to improve brand perception in recent years. Companies are now adopting "rightsizing" as part of their CSR initiatives.

This is the practice to reduce overall packaging size, fill material, and paper waste through conscious packaging design choices. In addition, the growing demand for personalization and the rise of e-commerce are driving the growth of the category. With increased digitization and the rapid rise in adoption of the work-from-home model, large companies are now engaging with multiple stakeholders to create efficient packaging designs.

#PackagingDesignServices #ProcurementIntelligence #StrategicSourcing #SupplierManagement #CostOptimization #MarketInsights #ProcurementTrends #SupplierSelection #SustainableProcurement #ProcurementStrategy
karls scott
1 month ago
Patient Monitoring Devices for Early Detection and Prevention of Health Issues 2023-2030 |

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The global remote patient monitoring devices market size was estimated at USD 4.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2030. An increase in the geriatric population in both developed and developing nations is expected to propel the remote patient monitoring devices market. Currently, there are over 40 million people in the U.S. alone above 65 years and the number is expected to double by 2050.

Japan provides potential growth opportunities to this market due to the presence of the highest geriatric population in the country. According to WHO, the percentage of the geriatric population is expected to reach 22.0% by 2050. Aging is considered the foremost risk factor for chronic conditions. Thus, the increasing geriatric population, which is at a higher risk of chronic conditions such as diabetes, cardiovascular disorders, and sleep disorders, is expected to boost the market growth.

#PatientMonitoringDevices #HealthTech #RemotePatientMonitoring #MedicalDevices #DigitalHealthcare #HealthcareTechnology #ContinuousMonitoring #Telehealth #healthcareinnovation #ConnectedHealth
karls scott
1 month ago
Emerging Markets and Growth Opportunities in the Food Packaging Industry 2023-2030 |

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The economic value generated by the food packaging industry was estimated at approximately USD 346.5 billion in 2021. This economic output is an amalgamation of businesses that are involved in the manufacturing of food packaging products, distribution & supply, and application of the product in the end-use industry.

The value chain of the food packaging market depicts the whole value creation process. This value chain is characterized by significant value added by manufacturers with varying distribution margins across various regions. Asia Pacific and Europe accounted for the largest markets for food packaging in 2020 owing to an increase in food consumption, especially convenience food in the regions. In Asia, the demand for food packaging is on a constant rise, thereby prompting key players to set up their manufacturing units in proximity to the growing market.

The manufacturing process includes the processing of raw materials and producing various food packagings products such as paper cartons & boxes, plastic films & pouches, steel & aluminium cans, and glass jars & bottles for various applications such as bakery & confectionery, dairy products, meat, fish & poultry, sauces & dressings, frozen foods, and convenience food. Manufacturers obtain raw materials from third-party suppliers through competitively priced supply contracts. Some of the major manufacturers in the food packaging market are Amcor Ltd., Bemis, and Ball Corporation.

#FoodPackagingIndustry #PackagingTrends #SustainablePackaging #InnovationInPackaging #FoodSafety #PackagingDesign #ConveniencePackaging #ReducingFoodWaste #EcoFriendlyPackaging #FutureofFoodPackaging