What are the Methionine driving sellers quality through SWOT and PESTEL consider?

The global methionine market is witnessing growth due to the increase in poultry consumption. Population growth, improvement in disposable income, shifting dietary preferences, and lower bird meat prices compared to other meats are responsible for the surge in poultry consumption. According to the data published in the Global Poultry Trends, the meat consumption per person will be 14.9 kg in 2023. Additionally, industrial countries are consuming double the amount of meat than developing countries. 

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Methionine has become quite important in commercial poultry diet, as it helps in performance, growth, and development of the digestive tract of animals. It also plays a significant role in increasing the muscle mass, feather development, and improving egg production in poultry animals. These benefits associated with the amino acid are resulting in the increasing demand for it in the poultry sector, thereby driving the growth of the methionine market.

To meet the growing demand for animal feed enriched with the amino acid, the prominent players in market are extensively investing in research and development and expanding their production facilities. For instance, Sumitomo Chemical established a methionine manufacturing facility in Shikoku, Japan in December 2016, with a production capacity of around 100,000 metric tons per year. Similarly, Evonik Industries AG, a Germany-based chemical company, began building a methionine manufacturing facility in Singapore that is slated to become operational in 2019.

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The increasing population and improving economic status have resulted in a shift in dietary preferences of people across the world. Growing poultry consumption is one of the major factors that has impacted the need for animal feed and research activities in the methionine domain. Methionine is an essential amino acid, which is added to commercial poultry diet. It is responsible for feather development, growth, improved egg production, and increased muscle mass in poultry animals.

To keep up with the growing requirement of the poultry niche, key players in the methionine domain are investing heavily in expanding their production facilities. For instance, a Germany-based chemical company, Evonik Industries AG, invested in a methionine manufacturing facility in 2016 that is slated to become operational in 2019. Similarly, in December 2016, Sumitomo Chemical established a factory, boasting a production capacity of 100,000 metric tons of methionine annually, in Shikoku, Japan.

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Aortic Valve Market and its Growth Prospect in the Near Future

The insulin delivery device market size is projected to reach $15.6 billion by 2022, growing at a CAGR 6.6% between 2016-2022.

The increasing prevalence of diabetes, growing geriatric population, increasing prevalence of obesity, technological of drug delivery devices and increasing awareness of diabetic care are driving the growth of the market.

In terms of type, the insulin delivery device market is segmented into insulin pen, insulin syringe, insulin pump and others. The insulin pen segment accounted for the major market share in the global market in 2015, and the insulin pump segment is expected to witness the highest growth during 2016-2022.

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Insulin pen needle has single use, although many diabetic patients re-use needle for delivery of insulin. The re-use of needle could lead to bacterial growth on the needle, risk of lipohypertrophy and risk of breaking fine tip of needle. Similarly, the risk associated with jet injectors are accuracy of insulin dosage and improper injection. Improper injection of insulin can lead to altered absorption level of insulin in the blood stream and bruising. Hence, these risks and complications associated with delivery devices are inhibiting the growth of the insulin delivery device market.

Some of the key companies operating in the insulin delivery device market include Novo Nordisk A/S, Medtronic PLC, Abbott Laboratories, Eli Lilly and Company, Insulet Corporation, Sanofi S.A., Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd., Animas Corporation, B. Braun Melsungen AG, and Ypsomed Holdings AG.

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Surgical Site Infection Market Will Led to Huge Growth and Share in Near Future

The surgical site infection market is growing on account of a rise in the volume of surgeries and resulting infections, growing geriatric population, and advancements in technology. The domain size, which was $4.0 billion in 2017, is expected to grow to $5.9 billion by 2023 at a CAGR of 6.4% during 2018–2023 (forecast period). By definition, the market includes all the equipment and procedures used to prevent or treat surgical infections. On the basis of phase, the market can be divided into preoperative, intraoperative, and postoperative.

Across the globe, the domain is advancing due to the growing volume of surgeries and rising incidents of SSIs. According to the World Bank, 30,537 surgeries were done per 100,000 people in the U.S. in 2012, while the number for Australia stood at 28,907 per 100,000 people. Now, a lot of surgeries, even though all preventive measures are taken, result in infections. As per the European Centre for Disease Prevention and Control, between 2013 and 2014, of the 967,191 surgeries performed in Europe, 18,364 resulted in infections. Thus, with the growing number of surgeries in the future, the incidents of infection will also increase, taking the SSI market forward.

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Now, one of the primary reasons the volume of surgeries is growing is the increase in geriatric population. As the elderly are more prone to diseases requiring surgical intervention, a rise in their population will automatically propel the number of surgeries performed. Further, aged people are also more susceptible to infections on account of their low immunity, which is why such people would be another primary growth driver of the surgical site infection market during the forecast period.

Globally, North America contributed the highest revenue share (38.4%) to the domain in 2017, owing to a growing awareness about SSIs, presence of a large number of SSI product manufacturers, and developed healthcare infrastructure. While the continent will still lead the SSI market during the forecast period, Asia-Pacific will witness the fastest growth, at a 7.7% CAGR. This can be attributed to the increase in geriatric population, improvements in healthcare infrastructure, rising incidents of such infections, and penetration of advanced products for SSI prevention and management.

Therefore, it is clear that the growth in geriatric population will result in an increase in the number of surgeries, which will further the market for SSI across the world.

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Wound Care Market in Colombia to Witness the Highest Growth in Coming Years

The wound care market in Colombia was valued at $76.1 million in 2018, which is projected to reach $93.9 million by 2024.

Based on type, the advanced category held the largest market share in 2018, and is also expected to witness the fastest growth during the forecast period. The market growth is mainly driven by rising incidence of diabetes, traumatic injuries, and chronic wounds; and surge in geriatric population.

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With the growth in healthcare coverage provided by public and private organizations, there has been a rise in demand for wound care facilities in Colombia. According to an article published in the Health and Human Rights journal in 2016, the growth in healthcare coverage in Colombia was remarkable during 1991–2016, with an increase from 25% of the population covered in 1992 to approximately 96% in 2016. This rapid increase in healthcare coverage represents a key dimension of the right to health, a matter of basic rights for the majority of citizens in the country. This boosts the growth of the wound care market in Colombia.

Bogota is the largest and fastest growing market in the Colombian wound care market, on the basis of city. This can be ascribed to the presence of wound care specialty hospitals and increasing prevalence of diabetes mellitus in the city.

ConvaTec Group PLC, Mölnlycke Health Care AB, 3M Company, B. Braun Melsungen AG, BSN medical GmbH, Coloplast A/S, Smith & Nephew plc, Acelity L.P. Inc, and Paul Hartmann AG are some of the major players operating in the Colombian wound care industry. Some other players operating in the market are Hollister Incorporated, Techoquimicas SA, and Beiersdorf AG.

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Airborne Detection Systems for Submarines Market is in Transformational Growth Mode

Increasing underwater threats and rising defense budget are the major factors behind the growth of the airborne detection systems for submarines market. In 2017, the market generated a revenue of $611.8 million, and it is predicted to advance at a CAGR of 7.2% during the forecast period (2017–2023). Airborne detection systems are comprised of a lightweight mobile detection sensor for tracking and locating submarines. These systems can be deployed on all kinds of airborne platforms, such as fixed-wing aircraft, helicopters, and unmanned aerial vehicles.

Based on type, the airborne detection systems for submarines market is categorized into dipping sonars, radars, sonobuoys, and magnetic anomaly detection systems. Out of these, in 2017, the sonobuoy category held the largest share of over 45.0% in the market. The benefits associated with sonobuoys include low cost and swift deployment, which have escalated the progress of this category. Many small as well as large economies around the world deploy sonobuoys for the detection of submarines in and around their naval bases.

Geographically, in 2017, North America held the largest revenue share of more than 60.0% in the airborne detection systems for submarines market, and it is further predicted to maintain its lead during the forecast period. In this region, the U.S. dominated the market owing to its advanced and strong defense base. The rising international conflicts are increasing the security concerns, which, in turn, is boosting the demand for defense services and products, such as airborne detection systems for submarines.

Nowadays, every country aims to protect themselves from all kinds of enemy attacks, such as those from underwater systems. Various countries around the world are focusing on purchasing defense-related services and products in order to secure themselves from any misadventure by others. For instance, for protecting underwater spaces, airborne detection systems for submarines are widely adopted by the naval departments. Almost all nations’ defense expenditure includes a specific allocation for marine forces that involves spending for weapons, radar systems, and other components used by the navy.

For instance, for FY2018, the U.S. Department of Defense proposed a budget of $639.1 billion, which shows an 8.9% increase from the 2017. Around 27.0% of this defense budget was sanctioned for the Marine Corps of the U.S., which is an increase from $1.68 billion in 2017 to $2.13 billion in 2018. Furthermore, many developing countries in Asia-Pacific have started defense modernization programs, resulting in an increasing spending for land, air, and marine security. Thus, the growing defense budget of countries would result in the airborne detection systems for submarines market prosperity.

Hence, apart from the growing underwater threat and increasing security concerns, submarine modernization drives are helping the airborne detection systems for submarine market prosper.

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How Growing Demand in Pharmaceutical Industry is Driving Growth of Chinese Vacuum Pump Market?

China vacuum pump market is being driven by the growing demand for such devices from the pharmaceutical, semiconductor, and chemical industries. In 2018, the sale of such equipment generated $1.2 billion, and the market is projected to progress at a CAGR of 8.7% during the forecast period (2019–2024) to value $1.9 billion by 2024. A vacuum pump is used to remove all the air and gas molecules from an area to create a partial vacuum.

The industry in China is currently growing faster than most other countries due to the increasing investments, favorable government policies, and easily available labor at low cost. In 2018, China accounted for almost 40.0% of the global chemicals production.

Such devices can handle fluids of high and low or even variable viscosity and liquids with a high amount of entrapped gas or air molecules., which makes them the preferred choice among industries which process food, beverages, and other substances.

Based on type, the vacuum pump market in China is classified into regenerative, momentum transfer, positive displacement, and other pumps. During the historical period (2014–2018), the positive displacement classification led the market in terms of revenue as well as total sales.

Thus, the deployment of vacuum pumps would rise in China to meet the set targets of semiconductor & electronics and chemical & and pharmaceutical production.

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Smart Eyewear Market Heating Up

The global smart eyewear market is growing with a significant rate, due to rapid innovation in sensor technology. North America leads the global smart eyewear market, due to high adoption rate of digital components in consumer electronics, smart textiles, fitness and sports market. Large population and high obesity rate is further propelling the market growth of smart eyewear in this region. The Asia-Pacific market is expected to grow with the highest rate, due to growing healthcare industry. The increasing consumer awareness towards health and fitness, along with technology and computing in daily life is also supporting the growth of the market in the region.

Google dominates the smart eyewear market with its product Google Glass. Recon Instruments recently introduced Recon Jet, smart sunglasses that run fitness applications for athletes to track their progress, as they are being trained. Recon Instruments also designed smart goggles for snow sports. Google glass, launched in April 2014, captured attention of consumers and created new interest in smart eyewear, which in turn created heads-up displays for everyday life. Even as Google glass currently has limited features (only notification delivery and content sharing); adding new features such as GPS can make the product more useful and boost its market growth during the forecasted period. Additionally, some developed android applications can be added in Google glass in the coming years, which would be able to take benefit of the hardware, enable new features like object identification, and offer increased reality and fitness applications.

Other smart eyewear devices focus on creating increased reality experiences. Vuzix, a U.S. based company, provides a range of advanced smart glasses, such as Wrap 920AR and STAR 1200XLD. The new companies in the market such as Meta, offers smart glasses with a combination of high definition (HD) and infrared cameras with translucent displays. The smart glasses of Meta allow the wearer to use gestures for controlling augmented reality objects, directly in their field of vision.

Smart eyewear is a wearable computing device, which enhances information onto reality or actually supports people to see clearly. This is achieved with the help of an optical computerized internet connected glasses or head mounted display, with transparent heads up display or augmented reality. Some of the sensors used in smart glasses are accelerometer, image sensors, gyroscope, touch sensors, pressure sensors, and thermometers.

Two of the key competitors in the global smart eyewear market are Google Inc., and Recon Instruments Inc.

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