Non-Invasive Prenatal Testing (NIPT) Market Worth $13.14 Billion by 2027, Growing at a CAGR of 17.1% from 2019

 

The non-invasive prenatal testing market is expected to grow at a CAGR of 17.1% from 2019 to 2027 to reach $13.14 billion by 2027.

With the emergence of innovative diagnostic and screening techniques, several methods of genetic testing are gaining popularity. These include carrier testing, preimplantation genetic diagnosis / screening (PGD / PGS), non-invasive prenatal testing (NIPT), paternity testing, and newborn screening. Technological advancements in the healthcare industry such as wearable healthcare devices, sequencing technologies, regenerative medicine, and genomic technologies, supported by breakthroughs in the field of genome sequencing and molecular research have opened new and promising pathways to combat genetic diseases and reduce the overall global economic burden.

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Among the innumerable advancements witnessed by the industry, non-invasive prenatal testing stands as one of the most distinctive technologies in curbing the concerns related to genetic diseases. NIPT a novel genetic screening method based on the analysis of cell-free fetal deoxyribose nucleic acid (cff-DNA) in the maternal plasma is considered as a valuable test for pregnant women, which provides early diagnosis of genetic disorders in fetus.

Further, advancements in genome sequencing technologies have reduced the turnaround time and lowered complexities associated with diagnosis. NGS technology provides several avenues to develop non-invasive diagnostic procedures for an early and accurate detection of various genetic disorders. This is driving several companies to invest in research and development of NGS-based NIPT products and develop innovative solutions for the market. For instance, in January 2019, Yourgene Health plc (U.K.) launched the Sage 32 plex test which uses Thermo Fisher’s Ion Torrent sequencing technology to detect placental cff-DNA in a maternal blood sample. Similarly, in September 2018, Yourgene Health formerly known as Premaitha Health plc. (U.K.) partnered with Illumina Inc. (U.S.) to use the Illumina’s sequencing technology for the NIPT test developed by Premaitha.

The growth in the overall NIPT market is majorly driven by factors like shifting trend towards childbirth at an advanced maternal age, increasing prevalence of chromosomal abnormalities, availability of reimbursement for NIPT, and development of advanced technologies for non-invasive parenteral testing. However, the high cost of the non-invasive prenatal screening techniques hinders the growth of this market.Some of the key players operating in the global non-invasive prenatal testing market are Illumina, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), GE Healthcare (U.S.), PerkinElmer Inc. (U.S.), Beijing Genomics Institute (BGI) (China), Eurofins LifeCodexx (Germany), Natera, Inc. (U.S.), Igenomix S.L (Spain), Laboratory Corporation of America Holdings (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), and Yourgene Health plc (U.K.).

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Diabetes Care Devices Market Worth $31.9 Billion by 2028 - Exclusive Report by Meticulous Research®

 According to a new market research report, titled “Diabetes Care Devices Market by Type [Diabetes Monitoring (CGM, Test Strips, Self-Monitoring Blood Glucose Meters, Lancets, Haemoglobin A1C Testing Kits)], [Insulin Delivery (Syringes, Pens, Pumps, Jet Injectors)] - Global Forecast to 2028” published by Meticulous Research®, the diabetes care devices market is expected to grow at a CAGR of 6.7% from 2021 to reach $31.9 billion by 2028.

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As the prevalence of diabetes is increasing globally, self-management of diabetic treatments has become necessary to avoid long-term complications and fatalities. Diabetes care devices play an important role in managing diabetes as they enable patients to record and track their blood glucose levels all day long and administer the insulin doses according to the insulin levels.

The key factors driving the overall diabetes care devices market are the rising obesity cases, unhealthy and sedentary lifestyle, increasing prevalence of diabetes, and development of new insulin delivery systems. However, some limitations of diabetes care devices are their high costs and accessibility in low-middle income countries.

Impact of COVID-19 on Diabetes Care Devices Market

The COVID-19 pandemic has severely impacted the diabetes care devices market. COVID-19 patients had higher blood glucose levels due to the use of steroids for the COVID-19 treatment. In 2020, the increase in the number of individuals suffering from diabetes due to COVID-19 expanded the income of the central participants in the diabetes care division. Many players in the market presented new progressed diabetes care devices and association arrangements for diabetes care devices.

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Scope of the Report:

Diabetes Care Devices Market, by Type

• Diabetes Monitoring Devices
• Insulin Delivery Devices

Diabetes Care Devices 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
• Middle East & Africa

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INSECT PROTEIN MARKET WORTH $9.46 BILLION BY 2030

Meticulous Research® — leading global market research company published a research report titled ‘Insect Protein Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar and Shakes, Bakery, Confectionery, Beverages), and Geography — Forecast to 2030.’

According to this latest publication from Meticulous Research®, in terms of value, the insect protein market is expected to record a CAGR of 28.4% from 2022–2030 to reach $9.46 billion by 2030. In terms of volume, the insect protein market is expected to record a CAGR of 31.5% from 2022–2030 to reach 3,028,468.3 tonnes by 2030. The growth of this market is driven by the high nutritional value of insects, increasing greenhouse gas emissions from the livestock industries, the environmental benefits of insect protein consumption, the rising demand for insect protein in the animal feed industry, and the low risk of transmitting zoonotic diseases with the consumption of insect proteins.

Factors such as the lack of a standardized regulatory framework, psychological and ethical barriers to consuming insects as food, and the risk of allergies due to insect consumption are expected to restrain the growth of this market. Furthermore, emerging economies are expected to provide significant growth opportunities for the players operating in this market. However, a lack of awareness regarding the benefits of insect consumption is expected to be a major challenge for the growth of this market.

The insect protein market is segmented based on product (whole insect, insect powder, insect meal), insect type (crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other insect proteins), application (food & beverages and feed), end use (human consumption and animal nutrition), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Scope of the Report:

Insect Protein Market, by Product

• Whole Insects
• Insect Powder
• Insect Meal

Insect Protein Market, by Insect Type

• Crickets
• Black Soldier Flies
• Mealworms
• Buffalo Worms
• Grasshoppers
• Ants
• Silkworms
• Cicadas
• Other Insect proteins

Insect Protein Market, by Application

• Food & Beverages
• Processed Whole Insect
• Processed Insect Powder
• Protein Bars & Protein Shakes
• Baked Product & Snacks
• Insect Confectioneries
• Insect Beverages
• Other Food & Beverage Applications
• Feed
• Animal Feed
• Aquaculture Feed
• Pet Food

Insect Protein Market, by End Use

• Human Consumption
• Animal Nutrition

Insect protein Market, by Geography

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

This research report also analyzes major geographies and provides a comprehensive analysis of North America, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the insect protein market. The market growth in Asia-Pacific is attributed to factors such as the well-established commercial farming market for insects, especially in Thailand, the wide availability of various insects coupled with huge production, the positive attitude towards insects as food & feed in Southeast Asia, absence of regulatory barriers to using insects as food & feed, and the presence of key market players in the region.

Key Players

The key players operating in the insect protein market include Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), Hargol FoodTech (Israel), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Beta Hatch (U.S.), EntoCube OY (Finland), Armstrong Crickets Georgia (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), TEBRIO (Spain), nextProtein (France), Hexafly (Ireland), HiProMine S.A. (Poland), and Protenga Pte. Ltd. (Singapore).

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Key Questions Answered in the Report-

• Which are the high-growth market segments in terms of product, insect type, application, end use, and region/country?
• What was the historical market size for insect protein across the globe?
• What are the market forecasts and estimates for 2022–2030?
• What are the major drivers, restraints, opportunities, and trends for the global insect protein market?
• Who are the major players in the global insect protein market?
• How is the competitive landscape, and who are the market leaders in the global insect protein market?
• What are the recent developments in the global insect protein market?
• What are the geographical trends and high-growth regions/countries?
• Who are the local emerging players in the global insect protein market, and how do they compete with the global players?

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Speech and Voice Recognition Market to be Worth $26.79 billion by 2025

 According to a new market research report titled, “Speech and Voice Recognition Market by Type (Speech and Voice Recognition), End User (Automotive, Healthcare, BFSI, Education, Legal), Technology (Artificial Intelligence and Non-Artificial Intelligence), and Geography — Global Forecast to 2025,” published by Meticulous Research®, the speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to 2025 to reach $26.79 billion by 2025.

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To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/speech-and-voice-recognition-market-5038

Scope of the Report

Speech and Voice Recognition Market, by Function

• Speech Recognition
• Automatic Speech Recognition
• Text-to-Speech
• Voice Recognition
• Speaker Identification
• Speaker Verification

Speech and Voice Recognition Market, by Technology

• Artificial Intelligence
• Non-artificial Intelligence

Speech and Voice Recognition Market, by End User

• Automotive
• Healthcare
• BFSI
• Education
• Hospitality
• Government and Public Services
• Manufacturing/Enterprises
• Retail and E-Commerce
• Legal
• Consumer Electronics
• Military and Defense

Speech and Voice Recognition Market, by Region

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

Speech and voice recognition is a small part of biometric systems. It authorizes contactless control to several devices and equipment that deliver automatic translation inputs and generates print-ready dictation. Over the years, voice and speech recognition technology has gained much importance. It is becoming a common part of individuals’ lives associated with computers, smartphones, and smart devices. Besides, voice and speech recognition technology offer several benefits, such as increased speed and accuracy, and help improve the system’s efficiency. Voice recognition allows for security features like voice biometrics, while speech recognition allows for automatic transcriptions and accurate commands.

The growing proliferation of voice-enabled devices, increasing consumer demand for smart devices, and integration of voice-enabled in-car infotainment systems are the key factors driving the growth of the speech and voice recognition market. However, the high cost of voice or speech-enabled smart devices is one of the major hindering factors for the growth of this market.

Proliferation of voice-enabled devices fuels the growth of the speech and voice recognition market

The growing use of AI in automobiles, healthcare, and consumer electronics has increased the demand for voice-enabled devices. In 2018, 9.5 million people in the U.K. used a smart speaker, up 98.6% over 2017. More than two-thirds of those users (68.0%) used an Amazon Echo, while 26.2% used a Google Home. According to Smart Home Week digital magazine survey 2019, nearly 57% of total homes in the U.K. are using some smart devices, and around 45% of consumers are expected to upgrade with advanced smart home devices. Moreover, the growing demand for voice-enabled applications in devices, including smart speakers, consumer electronics, hospitality, smart wearable gadgets, connected cars, smart home, and healthcare, is one of the key factors driving the voice speech recognition market.

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