Food Safety Testing Market Worth $29.6 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research

 Meticulous Research® – leading global market research company published a research report titled “Food Safety Testing Market by Testing Type (Pathogens, Pesticides, GMO, and Toxins), Technology (Traditional and Rapid), and Food Tested (Meat, Poultry, & Seafood, Processed Food, Fruits & Vegetables, Dairy Products) – Global Forecast to 2027”.

The food safety testing market is expected to grow at a CAGR of 7.6% from 2020 to reach $29.6 billion by 2027. This market is majorly driven by the factors such as rising incidences of food-borne illnesses, growing consumer awareness regarding the safety of food products, implementation of stringent food safety regulations, and rising demand for convenience and packaged food products among consumers. Additionally, technological advancements for food safety testing methods provide significant growth opportunities for food safety testing in the coming years. However, lack of infrastructure for food control, especially in developing nations hinders the growth of this market to some extent. Moreover, the lack of harmonization of food safety regulations poses a great challenge to the global food safety testing industry stakeholders.

To provide efficient analysis, Meticulous Research® has segmented this market on the basis of testing type (pathogens {salmonella, campylobacter, E.coli, listeria, and others}, pesticides, GMO, toxins, and others), technology (traditional and rapid {PCR, DNA sequencing/NGS, immunoassay, chromatography, and spectroscopy}), food tested (meat, poultry, and seafood, processed food, fruits & vegetables, dairy products, cereals & grains, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).

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Based on testing type, the overall food safety testing market is mainly segmented into pathogens, pesticides, Genetically Modified Organism (GMO), toxins, and others. The pathogens segment is estimated to command the largest share of the overall food safety testing market in 2020. However, the GMO segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing customer awareness about GM food and rising need for nutritional food products.

Based on technology, the overall food safety testing market is segmented into traditional and rapid technology. The rapid technology segment is estimated to command the largest share of the overall food safety testing market in 2020. The large share of this segment is mainly due to the factors such as multi-functional testing options in less time; flexible testing to end-user industry; increasing incidences of foodborne diseases, viruses, and other microbiological contaminants associated with inadequate storage conditions; and unsanitary food handling practices. Moreover, this segment is also expected to grow at the highest CAGR during the forecast period, mainly due to its ability to test a wide range of contaminants in comparison to traditional technology.

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Based on food tested, the overall food safety testing market is mainly segmented into meat, poultry, and seafood; processed food; fruits & vegetables; dairy products; cereals & grains; and others. The meat, poultry, and seafood segment is estimated to command the largest share of the overall food safety testing market in 2020. However, the fruits & vegetables segment is expected to witness a significant growth. The rapid growth of this segment is mainly attributed to the rapidly growing fresh fruits and vegetables industry.

Geographic Review:Geographically, the North America region is estimated to command the largest share of the global food safety testing market in 2020. The large share of this region is primarily attributed to the factors such as well-established food and beverage industry; increased globalization of food trade; advancements in technology; increasing food safety & food quality standards; rising demand for convenience and packaged food products; increased incidence of chemical contamination outbreaks during food processing; and increased GMO testing due to rising import of soy, corn, and canola. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

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Key Players:The key players operating in the global food safety testing market are SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific S.E. (Luxembourg), Thermo Fisher Scientific Inc. (U.S.), ALS Limited (Australia), Bureau Veritas SA (France), Merieux NutriSciences Corporation (U.S.), AsureQuality Limited (New Zealand), Microbac Laboratories, Inc. (U.S.), Romer Labs Division Holding GmbH (Austria), TÜV SÜD AG (Germany), NEOGEN Corporation (U.S.), FoodChain ID Group, Inc. (U.S.), R J Hill Laboratories Limited (New Zealand), Symbio Laboratories (Australia), and BIOTECON Diagnostics GmbH (Germany) among others.

Key questions answered in the report-

• Which are the high growth market segments in terms of the testing type, technology, food tested, and countries?
• What is the historical market for food safety testing across the globe?
• What are the market forecasts and estimates for the period of 2020-2027?
• What are the major drivers, restraints, opportunities, and challenges in the global food safety testing market?
• Who are the major players in the global market and what share of the market do they hold?
• Who are the major players in various countries and what share of the market do they hold?
• How is the competitive landscape for global food safety testing market?
• What are the recent developments in the global food safety testing market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high growth countries?
• Who are the local emerging players in the global food safety testing market and how do they compete with other players? 

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PARKING MANAGEMENT MARKET SIZE AND SHARE GROWTH (2020 - 2027)

 Growth of Parking Management System market is mainly attributed to the growing demand for AI-based services, increasing need for parking spaces, and growing focus on seamless traffic flow. However, the complexity in system integration, shift from car ownership model to car-sharing model, high initial installation & implementation cost of parking systems, and climate durability & vandalism are some of the major factors likely to hinder the market growth. Moreover, growing number of smart cities and technological advancements in autonomous cars are likely to provide significant growth opportunities for players operating in the parking management systems market.

Parking Management Market by Component (Solution, Services), Technology (Image Processing, Reservation Based, RFID, Visible Light Communication), End User (Retail, Entertainment, and Leisure), Deployment, and Parking site - Global Forecast to 2027

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The parking management market is expected to reach $4.03 billion by 2027, at a CAGR of 7.6% during the forecast period of 2020 to 2027.

This market is majorly driven by the factors such as rising adoption of AI based services, increasing demand for seamless traffic flow and parking spaces, and growing initiatives by various national and international organizations to reduce fossil fuel consumption. In addition, emerging economies such as Asia Pacific and Latin America offer significant growth opportunities for the growth of the parking management market. However, the complex system integration and high initial implementation cost obstructs the growth of this market to some extent.

The overall parking management market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of component (solution, services); technology (image processing, reservation based, RFID, visible light communication, license plate recognition); deployment type (on-premises, cloud); by parking site (on-street, off-street); and end user (retail, entertainment, & leisure; airport, railway stations, & bus terminals; office spaces). The study also evaluates industry competitors and analyses the market at a country level.

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Scope of the Report:

Parking Management Market by Component

• Solutions
• Parking Access and Revenue Control
• Parking Meter
• Handheld Ticket Writers
• Automated Gates
• Security & Surveillance
• Surveillance Cameras
• Alarms & Locators
• Others (Lighting & Signage, Intrusion Detection, and Emergency Phones & Intercoms)
• Reservation Management
• Permit Management
• Parking Guidance System
• Services
• Consulting
• System Integration
• Support & Maintenance

Parking Management Market By Technology                  

• Image Processing
• Reservation Based Parking System
• RFID Parking Management System
• Visible Light Communication
• License Plate Recognition

Parking Management Market By End-User                      

• Commercial
• Retail, Entertainment, and Leisure
• Airports, Railway Stations, and Bus Terminals
• Office Spaces
• Others (Healthcare, Hospitality, Educational Institutes)
• Residential

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Parking Management Market By Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K
• France
• Spain
• Rest Of Europe
• Asia-Pacific
• Japan
• China
• South Korea
• India
• Australia
• Rest of Asia-Pacific
• Latin America
• Middle East And Africa 

Parking Management Market By Parking Site

• On-Street Parking
• Off-Street Parking

Parking Management Market By Deployment Type                  

• On-Premise
• Cloud

Market Drivers

    1. Growing Demand for AI Based Services

    2. Growing Demand for Parking Spaces

    3. Growing Focus on Seamless Traffic Flow & Reducing Fuel Consumption

Market Restraints

     1. Complexity in System Integration

    2. Shift from Car Ownership Model to Car Sharing/Rental Model 

 Market Opportunities

    1. Increase in Adoption of Smart Cities Initiative Globally

    2. Technological Advancements in Autonomous Cars

Market Challenges

    1. High Initial Implementation Cost

    2. Climate Durability and Strength Against Vandalism

Market Trends

     1. Rapidly Evolving Technologies

    2. Advancements in Mobility across the World

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Key Players

The report includes competitive landscape based on the extensive assessment of the key strategic developments adopted by the leading market participants in the parking management industry over the last 4-5 years. The key players profiled in the global parking management market are Xerox Corporation (U.S.), Amano Corporation (Japan), IBM Corporation (U.S.), Cubic Corporation (U.S.), Robotic Parking Systems, Inc. (U.S.), SWARCO AG (Austria), SKIDATA AG (Austria), SEIMENS AG (Germany), Skyline Parking AG (Switzerland), UNITRONICS (Israel), Flowbird Group (France),  T2 Systems Inc. (U.S.), and Cleverciti Systems GmbH (Germany).

 

TOP 10 COMPANIES IN PARKING MANAGEMENT SYSTEM MARKET

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Key questions answered in the report- 

• Which are the high growth market segments in terms of the component, technology, deployment, end-user, and countries?
• What is the historical market for parking management systems across the globe?
• What are the parking management market forecasts and estimates from the period of 2020-2027?
• What are the major drivers, restraints, and opportunities in the global parking management market?
• Who are the major players in the global parking management market and what share of the market do they hold?
• Who are the major players in various countries and what share of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the global parking management market?
• What are the different strategies adopted by the major players in the global parking management market?
• What are the geographic trends and high growth countries?
• Who are the local emerging players in the global parking management market and how do they compete with the other players?

 

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NON INVASIVE PRENATAL TESTING (NIPT) MARKET GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST (2019 – 2027)

Meticulous Research®– leading global market research company published a research report titled “Non Invasive Prenatal Testing (NIPT) Market by Product & Solution (Consumables, Systems, Software), Method (Ultrasound Screening, Cell Free DNA Test), Application (Trisomy, Microdeletions, Monosomy), and End-user (Diagnostic Labs) – Global Forecast to 2027”. 

According to this latest publication from Meticulous Research®, the global non-invasive prenatal testing market is expected to grow at a CAGR of 17.1% from 2019 to reach $13.1 billion by 2027.

The high growth of non-invasive prenatal testing market is mainly attributed to the high risk of chromosomal abnormalities with increasing maternal age, rise in occurrences of chromosomal aneuploidies among fetus, development of advanced and new technologies and non-invasive parenteral testing products, and improving reimbursement scenario for NIPT. In addition, rising awareness regarding non-invasive prenatal testing and untapped market opportunity in emerging markets offer significant growth opportunities for the players operating in this market.

Non-Invasive Prenatal Testing (NIPT), a novel genetic screening method based on the analysis of cell-free deoxyribose nucleic acid (cf-DNA) of the fetus in the maternal plasma is considered as a valuable test for the pregnant women to provide early diagnosis of genetic disorders. NIPT offers several advantages over conventional prenatal testing procedures; in addition to being non-invasive, these tests offer shorter turnaround times, lower risk to fetus and pregnant women during testing, and high accuracy. Increasing occurrences of chromosomal aneuploidies among fetus with the increase in maternal age, availability of the partial reimbursement policies for NIPT services in some of the countries, and developments in new technologies are the key factors driving steady growth in the global NIPT market.

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The global non-invasive prenatal testing market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for 2027- by product & solution (consumables, systems, software), method (ultrasound screening, cell free DNA test), application (trisomy, microdeletions, monosomy), and end-user. The study also evaluates industry competitors and analyzes the market at regional and country level.

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On the basis of products and solutions, the kits/consumables segment commanded the largest share of the overall NIPT market in 2019, mainly due to increasing incidences of chromosomal abnormalities, rise in the number of tests and products for NIPT, and improvement of approvals or licenses for assays.

On the basis of application, trisomy segment accounted for the largest share of the overall NIPT market in 2019. The large share of this segment is mainly attributed to the factors such as the increasing maternal age and rising incidence of chromosomal abnormalities.

On the basis of end user, diagnostic laboratories segment accounted for the largest share of the overall NIPT market in 2019, as the large volume of NIPT testing done at diagnostic laboratories owing to availability of the well-equipped facility and availability of trained/skilled laboratory technicians. The initiatives taken by diagnostic laboratories to provide high quality testing services is further driving the growth in this market.

This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa. North America commanded the largest share of the global non-invasive prenatal testing market in 2019, followed by Europe and Asia-Pacific regions. High diagnostic and treatment rate of trisomy disorders and the emergence of key organizations in the U.S. are accelerating the non-invasive prenatal testing market in the North American region.

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Key questions answered in the report-

• Which are the high growth market segments in terms of product & solutions, method, application, end-users, and region/countries?
• What was the historical market for non-invasive prenatal testing across the globe?
• What are the market forecasts and estimates for the period 2019-2027?
• What are the major drivers, restraints, opportunities, and trends in the global non-invasive prenatal testing market?
• Who are the major players in the non-invasive prenatal testing market?
• How is the competitive landscape and who are the market leaders in the global non-invasive prenatal testing market?
• What are the different strategies adopted by the major players in the global non-invasive prenatal testing market?
• What are the geographical trends and high growth regions/ countries?

Key Players

The key players operating in the global non-invasive prenatal testing market are Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), PerkinElmer, Inc. (Massachusetts), Illumina, Inc. (U.S.), Beijing Genomics Institute (China), Eurofins LifeCodexx AG (Germany), NATERA, INC. (U.S.), Igenomix SL (Spain), Laboratory Corporation of America Holdings (U.S.), F. Hoffman-La Roche Ltd. (Switzerland), GE Healthcare (U.S.), and Yourgene Health (U.K.) among others.

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Scope of the Report:

Non-Invasive Prenatal Testing Market by Product & Solutions

• Kits / Consumables
• Systems
  • Nuchal Translucency Ultrasound Devices
  • Next Generation Sequencing Systems
  • Microarrays
  • Polymerase Chain Reaction Instruments
• Software

Market by Non-Invasive Prenatal Testing Method

• Ultrasound Screening
• Cell-free DNA Screening

Non-Invasive Prenatal Testing Market by Application

• Trisomy Detection
• Microdeletions Syndrome
• Sex Chromosomal Abnormalities
• Other Applications

Note: Other applications include sex determination and cystic fibrosis

Non-Invasive Prenatal Testing Market by End User

• Diagnostic Laboratories
• Hospitals
• Academic and Research Institutes

Non-Invasive Prenatal Testing Market by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East and Africa                       ………..Continue

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