Computerized Physician Order Entry Market Is Expected To Grow At A CAGR Of 6.2% Over The Forecast Period 2013-2024

Global Computerized Physician/Provider Order Entry (CPOE) Market is expected to reach USD 1.9 billion by 2024, according to a new report by Grand View Research, Inc. Government and other independent healthcare organizations are striving to streamline care delivery process with the prime objectives of bringing automation, reducing errors, and bringing an overall reduction in clinical decision time especially in the developed economies. CPOE provides a viable platform to support aforementioned objectives. Hence, promotion by government agencies as well as healthcare organizations is spurring the growth of the CPOE market. In addition, increasing incidence of medication errors, caused by poor legibility, communication, and patient misuse, favor the implementation of CPOE. Furthermore, consistent influx of technologically advanced systems such as integrated CPOE with added benefits such as inventory management and easy documentation, act as a vital driver of CPOE market growth.

Full Research Report on Global Computerized Physician Order Entry (CPOE) Market:
http://www.grandviewresearch.com/industry-analysis/computerized-physician-order-entry-cpoe-market

Further Key Findings from the Study Suggest:

• The computerized physician order entry (CPOE) services sub-segment dominated the component segment in 2015. Enhanced outsourcing of several services coupled with increasing involvement of the professional skills contributed to their growth as compared to CPOE hardware and software sub-segments. Moreover, outsourcing renders increased process efficiency along with development of core competencies and reduced costs.
• Integrated CPOE systems held a substantial share of more than 70.0% in 2015. Also, this segment is projected to witness lucrative growth over the forecast period, which can be attributed to their competent connectivity across various functionalities such as nursing, pharmacy, and procurement. 

• Web-based deployment delivery mode segment witnessed highest demand in 2015, increasing penetration of internet services and augmented digital literacy contributed to emergent demand for these services. 

• On the other hand, cloud-based delivery systems are anticipated to gain substantial market share over the forecast period.  These systems are facilitated with features such as remote data access and data security which render a competitive edge over other systems. 

• Hospitals led the end-use segment and are also expected to witness lucrative growth in the next 8 years. Greater volume of patients as compared to other end users is the prime factor responsible for high preference of hospitals thereby driving the market growth.  

• North America, especially the U.S., with its advanced healthcare systems and early adoption of several advanced technologies held a commanding share of more than 50.0% in the global CPOE market. Availability of supportive infrastructure and presence of leading market players in this region positively influenced this region’s growth. 

• Asia Pacific is projected to grow with a sturdy rate over the forecast period. Large target population base coupled with increasing preference for advanced technological platforms and high unmet needs present market players with the opportunity to invest in this region. 

• Some of the key players in this market include IBM, Oracle Corporation, SAS, Cerner Corporation, Allscripts, OptumHealth, and Verisk. The notable initiatives in the industry include new product launches, collaboration with government bodies, and investments in R&D. 

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the Global Computerized Physician Order Entry (CPOE) Market on the basis of Types, Component, Delivery Mode, End Use, And Region:

Global CPOE Market by Type (USD Million), 2013 - 2024

• Integrated
• Standalone

Global CPOE Market by Component (USD Million), 2013 - 2024

• Software
• Hardware
• Services

Global CPOE Market by Delivery Mode (USD Million), 2013 - 2024

• On-Premises
• Web Based
• Cloud Based

Global CPOE Market by End Use (USD Million), 2013 - 2024

• Hospital
• Ambulatory Centers
• Physician’s Office
• Emergency Healthcare Centers

CPOE Market by Region (USD Million), 2013 - 2024

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-computerized-physician-order-entry-cpoe-market            

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Computer Aided Detection Market Is Segmented On The Basis Of Application, Breast Cad Imaging Modalities, Imaging Modalities, And Region 2012-2022

Global Computer Aided Detection (CAD) Market is expected to reach USD 1.9 billion by 2022, according to a new report by Grand View Research Inc. CAD software tools have been introduced to support radiologists to cope with the growing number of images requiring interpretation. Increasing incidence rate of breast, prostate and lung cancer, rising technological advancements, and increasing use of CAD with other imaging modalities such as ultrasound and magnetic resonance imaging are expected to serve this industry as high-impact rendering drivers. 

In the U.S., prostate cancer is one of the most common cancers amongst men and has increased the demand for multi-parametric Magnetic Resonance Imaging (MP-MRI) CADx systems for diagnosis and detection of prostate cancer. 

In screening mammography, the traditional concept of double reading by the second clinician is expected to be replaced by CAD, of breast cancer completely. This is due to the additional reimbursement generated by computer-aided detection unlike the double readings that demand more of radiologists’ time without any reimbursement for the second read. 

Wide research has been undertaken to come up with new findings establishing the relation of cancer with anatomy. For instance, Johns Hopkins researchers established the presence of dense clumps of bacteria in ascending colon to cancer. 

CAD is most widely used for breast cancer imaging due to a higher incidence of cancer in women with morbidity of 14 million new cases and 8.2 deaths according to the WHO 2012. With the increasing demand for imaging and the growing rate of chronic diseases, the demand for imaging technologies is expected to increase. Computer aided detection is now used with other imaging modalities such as ultrasound, nuclear imaging, magnetic resonance imaging, etc. 

In 2014, mammography dominated the industry as the prevalence of cancer is high and is the leading cause of morbidity and mortality. According to the World Cancer Research Fund International 2012, North America and Oceania have the highest incidence rate of breast cancer and Asia and Africa has the lowest. 

Digital imaging technique advancements are the other contributing factors for market growth as it has increased ease-of-integration of CAD solutions with imaging equipment and has also improved the efficiency of computer aided detection solutions.

Full Research Report on Global Computer Aided Detection (CAD) Market:
http://www.grandviewresearch.com/industry-analysis/computer-aided-detection-market

Further key findings from the study suggest:

• In 2014, mammography dominated the market due to the fact that it has high potential for breast cancer imaging and was one of the first segments in which companies developed CAD software and till date most of it is working on this indication.
• According to the WHO data 2012, there were 14 million new cases of breast cancer. The increasing awareness has led increase in regular cancer check-ups as a preventive step.
• The demand for CAD has grown in chest imaging such as low-dose lung cancer screening due to Multidetector Computed Tomography (MDCT) indications. Furthermore, CAD has been brought in use for established areas of chest CT such as diagnosis of interstitial lung disease and acute Pulmonary Embolism (PE).
• CAD is also used with other imaging modalities such as x-ray, computed tomography, and ultrasound. Out of these, the use of CAD for x-ray imaging is the highest as it is the basic imaging and due to the recent advances overcoming its limitations of soft tissue imaging.
• North America was the most revenue generating region of the market. The market contributed more than 40% of the revenue in 2014. Constant efforts to fuel the market with newer technologies and the use of computer aided detection for integrative diagnosis apart from image analysis are expected to drive regional market growth over the forecast period.
• Asia Pacific and Europe are expected to spearhead future market growth due to the availability of cost-effective technologies and rise in medical tourism. UK cancer patients mostly treat themselves in Eastern Europe, Germany, France, and Spain as these nations specialize in cancer treatments, and as flights to these destinations are relatively cheaper and consume lesser time.
• Key market players are EDDA Technology, Inc., FUJIFILM Medical Systems, Hitachi High Technologies Corporation, Hologic Inc., iCAD, Inc., Vucomp, McKesson Corporation, Philips Healthcare, Siemens Healthcare, and Toshiba Medical Systems Corporation. 

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/clinical-diagnostics

Grand View Research has segmented the Global Computer Aided Detection (CAD) Market on the basis of application, breast CAD imaging modalities, imaging modalities, and region: 

Global Computer Aided Detection (CAD) Application Outlook (Revenue, USD Million, 2012 - 2022)

• Breast Cancer
• Lung Cancer
• Colon/ Rectal Cancer
• Prostate Cancer
• Liver Cancer
• Bone Cancer
• Neurological/ Musculoskeletal/ Cardiovascular

Global Breast CAD Imaging Modalities Outlook (Revenue, USD Million, 2012 - 2022)

• Mammography
• Magnetic Resonance Imaging
• Ultrasound Imaging
• Tomosynthesis
• Nuclear Imaging
• Others

Global imaging modalities Outlook (Revenue, USD Million, 2012 - 2022)

• X-Ray Imaging
• Computed Tomography
• Ultrasound Imaging
• Magnetic Resonance Imaging
• Nuclear Medicine Imaging
• Others

Computer Aided Detection (CAD) Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• RoW

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-computer-aided-detection-market           

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Compressor Oil Market Demand Is Projected To Growing At A CAGR Of 4.9% From 2016 To 2024

Global Compressor Oil Market is expected to reach USD 97.15 billion by 2024, according to a new report by Grand View Research, Inc. Increasing industrialization in Asia Pacific and the Middle East is expected to remain a key driving factor for global compressor oil market over the forecast period.

Various attributes of compressor oil such as cooling, sealing and lubricating the internal components which ensure continuous operation and helps in reducing downtime and repair is also expected to drive its demand. Moreover, these lubricants maintain the equipment temperature and therefore keep them cool.

The equipment heating results in higher power consumption and wear & tear of the machine. Cost optimization practices adopted by various manufacturing companies are also expected to drive demand for compressor oil. It is observed that organizations have been implementing continuous improvement projects to reduce power consumption & maintain continuous operational flow undertake good lubrication practices. 

Positive displacement based products are widely used in industries owing to their high performance and low maintenance cost. Therefore, the segment accounted for the majority of compressor oil consumed globally. Demand for positive displacement type is expected to develop at an approximate CAGR of 5.0% from 2016 to 2024.

Full Research Report on Global Compressor Oil Market Analysis:
http://www.grandviewresearch.com/industry-analysis/compressor-oil-market

Further key findings from the report suggest:

• Global compressor oil market demand was 6.80 million tons in 2015 and is expected to reach 10.44 million tons by 2024, growing at a CAGR of 4.9% from 2016 to 2024
• Synthetic was the leading base oil used in compressor oil and accounted for 43.2% of global volume in 2015. High performance associated with synthetic oils are expected to drive their demand over the forecast period.
• Increasing global awareness with respect to environmental issues is anticipated to drive the bio-based oil demand. The segment is anticipated to grow at an estimated CAGR of 5.1% from 2016 to 2024.
• Manufacturing and automotive sector together accounted for over half of the global demand in 2015. Energy industry is expected to capture around one-fifth of revenue share in 2024 with an approximate growth rate of 6% from 2016 to 2024.
• Asia Pacific is expected to observe the highest regional growth at an approximate CAGR of 5.6% owing to the rapid industrialization in emerging economies including China, India, and South Korea.
• Key players operating in the global industry are ExxonMobil, Royal Dutch Shell, Total S.A, Lukoil, British Petroleum, Chevron Corporation, BASF, The Dow Chemical, Sasol Limited, Sinopec Limited, Croda International and Fuchs Petrolub.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the Global Compressor Oil Market on the basis of compressor type, base oil, end-use and region:

Global Compressor Oil Compressor Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)

• Positive Displacement Compressor
• Dynamic Compressor

Global Compressor Oil Base Oil Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)

• Synthetic
• Semi-Synthetic
• Mineral
• Bio-Based

Global Compressor Oil End Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)

• Manufacturing
• Oil & Gas
• Power
• Automotive
• Others

Global Compressor Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2024)

• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Middle East and Africa
• Saudi Arabia
• South Africa
• Kuwait
• Iraq
• Central & South America
• Brazil
• Argentina
• Venezuela

Access Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-compressor-oil-market          

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Respiratory Disease Diagnostic Market Is Segmented On The Basis Of Product, End-Use And Regions 2014-2025

Global Respiratory Diseases Testing Market is expected to reach USD 6.7 billion by 2025, according to a new report by Grand View Research, Inc. The market is driven by the rising prevalence of respiratory diseases. As per Forum of International Respiratory Societies, more than 200 million people across the globe suffered from Chronic Obstructive Pulmonary Disease (COPD) and 235 million suffered from asthma in 2014. In addition, the source stated that more than 50 million people struggle with occupational lung diseases annually. Thus, constantly growing target patient population is anticipated to drive the growth.

The adoption of innovative technologies, such as Computed Tomography (CT), for COPD diagnosis is expected to drive the growth. The other new technology in acute medical management of COPD is pulse oximeter that is used for outpatient monitoring.  Airway management plays a main role in testing and management of COPD. Also, with recent technological innovations, there has been a 12.1 % increase in the use of Non-invasive Mechanical Ventilation (NIV) for management of COPD. Along with technological advancements, use of digital radiography (X-ray) and advanced portable spirometers is gaining momentum in the market.

Full Research Report on Global Respiratory Disease Diagnostic Market:
http://www.grandviewresearch.com/industry-analysis/respiratory-disease-testing-market

Further key findings from the study suggest:

• The growing prevalence of COPD and asthma across the globe is expected to increase the demand for respiratory disease testing devices and thereby drive the market growth
• In products, imaging tests held the largest share in 2016 due to rapid development and adoption of innovative technologies
• In respiratory measurement, spirometers, pulse oximeters, ventilators, capnographs, and other noninvasive ventilators used for measurement of lung capacity are expected to grow at a rate of more than 4% over the forecast period
• In end-use, hospitals segment held the largest share in 2016 and is anticipated to grow over the forecast period
• North America the largest market share in 2016. Growing prevalence of respiratory diseases such as COPD, asthma is increasing the demand for respiratory disease testing/diagnostic in North American countries.
• Asia Pacific region is expected to grow at the fastest rate during the forecast period. This growth can be attributed to various factors such as improving health care infrastructure and increasing patient awareness regarding the availability of new diagnostic techniques for respiratory diseases, such as COPD & asthma.
• Some of the major players competing in this market include, but are not limited to, Becton Dickinson (Carefusion Corporation); Koninklijke Philips N.V. (Respironics); ResMed Company; Fischer & Paykel; and Medtronic. These players are strong brands in the market as they have elaborate product portfolios in respiratory disease testing market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Global Respiratory Disease Testing Market by product, end-use and regions.

Product Outlook (Revenue, USD Million; 2014 - 2025)

• Imaging test
• Respiratory Measurement
• Blood gas test
• Other

End-use Outlook (Revenue, USD Million; 2014 - 2025)

• Hospitals
• Physician clinics
• Clinical laboratories
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Mexico
• Brazil
• MEA
• South Africa

View Blog On This Research Report By Grand View Research: http://www.grandviewresearch.com/blog/respiratory-disease-testing-market-size-share    

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Fiber Optic Connector Market Is Expected To Growing At A CAGR Of 7.1% 2014-2025

Global Fiber Optic Connector Market is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. The fiber optics segment is expected to grow, significantly, over the forecast period. Fiber optic connectors have huge potential to be incorporated into a wide range of applications in the healthcare, railway, defense & aerospace, and oil & gas sectors.

The technology is under constant R&D and aims to develop low-cost applications and technological solutions for the mass market. The fiber optic technology has gained prominence over the past few years, owing to the persistent research & development activities and the escalating demand from high bandwidth communication and data services.

The growing penetration of the fiber optics technology is encouraging manufacturers and suppliers to invest in research & development for developing better products. Researchers are focusing on innovating reliable and cost-effective fiber optic products, as the production and installation of fiber optic products are quite tedious and costly. Manufacturers strive to optimize production processes, by regulating efficiency and prices, to curb other alternatives of the fiber optics technology.

The fiber optics market includes different fiber optic connectors such as SC connector, LC connector, FC connector, ST connector, MTP connector, and others. Based on fiber optic applications, the market is segmented into military & aerospace, oil & gas, telecom, medical, BFSI, railway, and others. The telecom sector is the biggest application sector, in terms of revenue, and is regulated by the regulations imposed by government and other related regulatory authorities.

Full Research Report on Global Fiber Optic Connector Market:
http://www.grandviewresearch.com/industry-analysis/fiber-optic-connectors-foc-industry

Further key findings from the report suggest:

• In 2015, the LC connector segment dominated the overall market, in terms of revenue. A LC connector is used in high-density connections such as Cisco Catalyst switches and Hewlett Packard Pro Curve.
• In 2015, the North American regional market dominated the overall market and accounted for the largest global market share (in terms of revenue)
• The growing demand for fiber optic connectors can be attributed to the ever-growing bandwidth requirements across enterprise and carrier networks
• Fiber optics connectors finds dynamic applications across the medical industry, as they are mainly deployed in flexible bundling, light conduction & illumination, and laser delivery systems
• The key industry participants include Corning, Inc., Optical Cable Corporation, Sterlite Technologies Limited, 3M, and OFS Fitel, LLC.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/semiconductors-and-electronics

Grand View Research has segmented the Global Fiber Optic Connector Market based on product, applications, and regions:

Fiber Optic Connector Product Outlook (Revenue, USD Million; 2014 - 2025)

• SC Connector
• LC Connector
• FC Connector
• ST Connector
• MTP/MPO connector
• Others

Fiber Optic Connector Application Outlook (Revenue, USD Million; 2014 - 2025)

• Telecom
• Oil & Gas
• Military & Aerospace
• BFSI
• Medical
• Railway
• Others

Fiber Optic Connector Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa (MEA)

View Blog On This Research Report By Grand View Research: http://www.grandviewresearch.com/blog/fiber-optic-connector-market-size-research   

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Smart Coating Industry Outlook By Value Chain Analysis, Raw Material Outlook, Technology Overview, And Regulatory Framework 2013-2024

Global Smart Coating Market is expected to reach USD 11,676.0 million by 2024, according to a new report by Grand View Research, Inc. The smart coating market is expected to witness a significant growth over the forecasted period owing to the rising demand from key end-user segments including military, aerospace, automotive, and healthcare.

Growing application scope in end-use industries is attributed to superior properties including self-healing, self-cleaning and antimicrobial properties. In Aerospace sector, smart coating have the ability to indicate damage on an aero engine; be used in the composite form to reduce weight of aircrafts; and so on. In addition to the aforementioned industries, the application of the compound in consumer electronics offers high growth potential for the coming years.

Growing use of the product in military owing to rising demand for customization including smart self-repair, artificial intelligence, and sensing capabilities is expected to propel growth. The other key end-user segments include construction, healthcare, marine, and so on. The concerns of bio-fouling, microbial attacks, and so on are addressed by the compound in the marine segment. Furthermore, the product helps mitigate maintenance challenges in aerospace industry which is a key driver promoting demand.

Access Full Research Report on Global Smart Coating Market:
http://www.grandviewresearch.com/industry-analysis/smart-coating-market

Further key findings from the report suggest:

• Globally, military and aerospace segments are expected to witness significant growth during the forecast period, growing at CAGRs of over 32% during the forecast period. Rapid demand can be attributed to extensive research activities in this segment undertaken by the U.S military or jointly with other research institutes. The demand from the military segment is primarily for anti-corrosive smart coating.
• Europe dominated the industry in 2015 with an estimated revenue of USD 289.5 million; this regional market is projected to grow significantly over the coming years owing to growing infrastructure development activities, increasing demand from industries such as automotive, military, healthcare, and consumer electronics.
• Multilayer coating are the simplest forms of multifunctional coating. This segment is expected to grow higher than the single-layer segment during the forecast period, at a CAGR of over 35%. However, research & development related to improving performance characteristics of single-layer coating owing to its lower product cost is likely to have a positive impact on growth.
• Asia Pacific is projected to witness the highest growth of over 35% during the forecast period, owing to increasing demand from emerging economies such as India and China. Growing infrastructure development in the region coupled with high manufacturing sector growth is expected to propel demand for the product over the forecast period.
• Key participants in the industry include BASF SE, DuPont, 3M Company, PPG Industries, Dow Chemicals, and Dow Corning, among others. In recent years, mergers & acquisitions have been the major growth strategies adopted by key players for strengthening their positions in the global market.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the Global Smart Coating Market on the basis of product, application, and region:

Product Outlook (Volume, ‘000 Liters; Revenue, USD Million; 2013 - 2024)

• Single-layer
• Multilayer

Application Outlook (Volume, ‘000 Liters; Revenue, USD Million; 2013 - 2024)

• Automotive
• Aerospace
• Construction
• Consumer electronics
• Military
• Healthcare
• Others

Regional Outlook (Volume, ‘000 liters; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-smart-coating-market      

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Meat Substitutes Market Is Projected to growing at a CAGR of 7.5% from 2015 to 2022

Global Meat Substitute Market is expected to reach USD 5810.1 million by 2022, according to a new study by Grand View Research, Inc. Rising health awareness coupled with shifting dietary preferences towards vegan diet is expected to drive the  global meat substitutes market. Recent animal disease outbreaks and growing prevalence of various lifestyle induced diseases such as obesity and diabetes are also expected to have a positive impact on the market growth. High price of various meat substitutes is expected to hinder the market growth. Increasing R&D initiatives to develop superior and cheaper products is expected to yield opportunities for market participants. 

Soy emerged as the major raw material used for producing meat substitute products. Soy alone accounted for over 80% of total market revenue in 2014. Growing demand for nutritional food on account of growing health concerns is expected to drive this segment over the forecast period. Soy based meat substitutes is a good source of vitamin B, protein and Iron. Wheat is expected to be the fastest growing raw material use for producing meat substitutes. The segment is expected to grow at an estimated CAGR of 10.0% from 2015 to 2022.

Access Full Research Report on Global Meat Substitutes Market:
http://www.grandviewresearch.com/industry-analysis/meat-substitutes-market

Further key findings from the study suggest:

• Global meat substitute market was valued at USD 3,336.5 million in 2014 and is expected to reach USD 5,810.1 million by 2022, growing at a CAGR of 7.5% from 2015 to 2022.
• Textured vegetable protein (TVP) emerged as the leading product segment and accounted for 43.7% of total market revenue in 2014. Increasing demand for soy based meat substitutes is expected to drive this segment over the forecast period. Seitan is expected to witness the highest growth of 9.8% from 2015 to 2022. Growing wheat gluten consumption in Asia Pacific is expected to drive this segment over the forecast period.
• Europe emerged as the leading regional market and accounted for 42.0% of total market revenue in 2014. Growing health concerns particularly in developed economies of Europe is expected to drive the regional market over the forecast period. Asia Pacific is expected to witness the highest growth of 8.6% from 2015 to 2022. Increasing disposable income level particularly in India, China and Indonesia is expected to drive the regional market.  
• Major industry participants have been taking strong initiatives to develop superior quality meat substitute products. Companies have been engaged in mergers & acquisitions and forging partnerships with those possessing R&D capabilities and having strong presence in the agro sector. Prominent industry participants include AMY’s Kitchen, Beyond Meat, Blue Chip Group, Cauldron Foods UK, garden Protein International Inc., Meatless B.V., Quorn Foods and Vbites Food Ltd. 

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

For the purpose of this study, Grand View Research has segmented the Global Meat Substitute Market on the basis of raw material, product and region:

Global Meat Substitutes Raw Material Outlook (Revenue, USD Million, 2014 - 2022)

• Soy-based
• Wheat-based
• Mycoprotein
• Others

Global Meat Substitutes Product Outlook (Revenue, USD Million, 2014 - 2022)

• Tofu
• Tofu-based
• Tempeh
• Textured Vegetable Protein (TVP)
• Other Soy Products
• Seitan
• Quorn
• Others

Global Meat Substitutes Regional Outlook (Revenue, USD Million, 2014 - 2022)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Middle East and Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-meat-substitutes-market     

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com