The electric vehicle drivetrain market is projected to expand from US$54.941 billion in 2024 to US$120.330 billion in 2029 at a CAGR of 16.98%.
A drivetrain is a crucial vehicle component that translates power from the battery into motion. In an electric vehicle, the drivetrain comprises several key components, including traction motors, power electronics, transmission, and batteries. Within this system, the battery plays a vital role by distributing energy to these essential components. The traction motors convert the electric energy from the battery into rotational energy, which propels the vehicle forward.
As global demand for electric vehicles continues to rise, the development of related technologies is anticipated to accelerate rapidly. This momentum will lead to the introduction of innovations and components that enhance vehicle efficiency and performance. Leading companies in the sector have made significant advancements in the electric vehicle drivetrain market, concentrating on improving vehicle performance. For example, in September 2024, Musashi Seimitsu Industry Co., Ltd., a Japanese company, partnered with Log9 Material, a prominent Indian battery technology leader, to develop a powertrain system tailored for the Indian electric vehicle market.
Segmentation of the Electric Vehicle Drivetrain Market
The component segment of the electric vehicle drivetrain market is categorized into battery, controller, transmission, and electric motor. Under the component segment of the global electric vehicle drivetrain market, the battery category is forecasted to witness massive growth. The battery of the electric vehicle is among the most important components, which helps in storing and delivering power or energy to the different components of the electric vehicle, like the motors and controllers.
The electric vehicle drivetrain market, under the type segment, is categorized into front-wheel drive (FWD), rear-wheel drive (RWD), all-wheel drive (AWD), and four-wheel drive (4WD). The front-wheel drive (FWD) category of the type segment of the electric vehicle drivetrain market is estimated to attain greater market growth. In the front-wheel drive system, the traction motors, which help to drive the vehicle, are connected to the set of wheels, connected to the front portion of the vehicle. The front-wheel drive system offers easy maintenance, lower installation cost, and cheaper operation of the vehicle. This type of drivetrain is commonly used in the base model of electric vehicles. This type of drivetrain category has higher market demand in developing and lower or middle-income countries, like India, Vietnam, Malaysia, and other African nations, as the vehicles with front-wheel systems are cheaper to produce, and are available at a lower cost compared to the other categories.
The electric vehicle drivetrain market, by vehicle segment, is categorized into PHEV, BEV, FCEV, and HEV. The PHEV category of the vehicle segment, in the global electric vehicle drivetrain market is estimated to grow rapidly. The PHEV refers to a Plug-in Hybrid Electric Vehicle, which consists of multiple types of fuel functions. The PHEVs consist of an electric vehicle drive train system, along with the ability to operate on conventional fuels, like petrol. The global demand for PHEVs witnessed massive growth, as these type of vehicles offers users the capability to drive longer ranges, and also contribute to the sustainability of the environment.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share in the global electric vehicle drivetrain market. A key factor for the growth of the market in the Asia Pacific region can be majorly attributed to the rising production of electric vehicles in the region. The counties like China, Japan, Taiwan, and India in the Asia Pacific region are among the biggest producers of electric vehicles and their related technologies, across the globe. These countries have also introduced multiple policies and investment opportunities to further develop EV technology in the region, boosting the electric vehicle ecosystem. In the global production of EVs, China is among the biggest producers, producing about half of the global share. The International Energy Agency stated that the stock of battery electric vehicles (BEV) in China witnessed rapid growth. The agency stated that in 2021, the nation had about 6.2 million electric vehicle stock, which increased to 10.7 million in 2022, finally reaching 16.1 million of total electric vehicle stock in 2023.
Key Players in the Electric Vehicle Drivetrain Market
As a part of the report, the major players operating in the electric vehicle market that have been covered are AISIN CORPORATION, DENSO CORPORATION, Hexagon AB, ZF Friedrichshafen AG, Magna International Inc.,Valeo, BorgWarner Inc., MITSUBISHI MOTORS CORPORATION, Hitachi Astemo, Ltd., and Schaeffler AG.
Johnson & Johnson, Procter & Gamble (P&G), and Nestlé are prominent leaders in the baby care products market, each leveraging unique strengths that contribute to their market dominance. Johnson & Johnson has a long history in the healthcare sector, which it extends into its baby care division. The company provides a complete range of baby products, including shampoos, lotions, and wipes, all known for their gentle formulations. Their commitment to safety and quality resonates with parents, establishing trust and brand loyalty. Among its developments recently, the company has heightened its emphasis on natural and sustainable ingredients in formulations and products to meet the customers’ demands for safe, environmentally friendly products. Through this responsiveness to the current market, Johnson & Johnson has been able to preserve market share.
Procter & Gamble is also among the most prominent players that majorly boasts of the global diaper market through Pampers. The success of P&G can be attributed to its robust research and development capabilities, which allow for continuous innovation in product design and functionality. Recent initiatives include expanding their product lines to include eco-friendly options and enhancing their marketing strategies to target millennial parents who prioritize sustainability. For instance, in 2021, P&G launched its first BabyCare Innovation Lab at Singapore Innovation Center which will be essential in designing and developing products that serve babies in APAC.
Nestlé’s presence is mostly through its Gerber brand, which is quite a name in baby foods. Gerber has catered to the growing desire of consumers for organic and non-GMO products by diversifying nutritious products that meet the concerned parent’s expectations. The company’s strategic play on product safety and nutritional value has secured the trust of consumers. Moreover, Nestlé’s extensive global distribution network allows it to reach diverse markets effectively, further enhancing its competitive edge. Key developments in the market are expected to place Nestle in a strong position, for instance, in November 2023, Nestle unveiled its latest innovation in early life nutrition with the launch of a science-based growing-up milk solution containing Human Milk Oligosaccharides (HMOs) in mainland China.
Unilever is considered a follower in the baby care products market due to its relatively smaller market share compared to industry leaders like Procter & Gamble and Nestlé. While Unilever offers products under brands like Baby Dove, it lacks the extensive product range and brand recognition that its competitors possess. Recent developments indicate that Unilever is attempting to catch up by focusing on sustainability and digital marketing strategies. Hence, the company has been actively expanding its baby care portfolio through the introduction of new products under its Dove brand. In 2024, the company launched a range of baby care items, including lotions and cleansers, designed to compete directly with established brands like Johnson & Johnson.
Abbott has a strong presence in infant formula through its Similac brand, it lacks a comprehensive range of baby care items, such as diapers and skincare products, which are critical in this segment. Recent developments indicate that Abbott is focusing on its core strengths in nutrition rather than expanding aggressively into broader baby care categories. For instance, in August 2024, Abbott expanded its Pure Bliss by Similac line of organic, and European-made infant formulas that give parents a variety of products to meet specific formula preferences.
Challenger:
Kimberly-Clark Corporation is positioned as a challenger in the baby care products market, primarily through its strong Huggies brand, which is well-regarded for diapers and baby wipes. Kimberly-Clark faces intense competition from industry leaders like Procter & Gamble and Johnson & Johnson, which have more extensive product lines and greater brand recognition. Recently, Kimberly-Clark has been focusing on innovation and sustainability to enhance its competitive edge, due to which it has been investing in eco-friendly materials for its products and expanding its online presence to cater to the growing demand for direct-to-consumer sales.
Pigeon Corporation is a notable challenger in the baby care market, primarily due to its strong focus on high-quality feeding products and baby skincare. The company’s innovative selling and marketing tactics has enabled it to significant recovery in sales, particularly in Singapore and Lansinoh. Moreover, it strategic plan emphasizes entering new markets like North America and Africa while enhancing existing product lines to capture a larger share of the growing baby care segment.
Dabur International Limited positions itself as a challenger through its Ayurvedic approach to baby care products. With a strong emphasis on natural ingredients, Dabur has successfully carved out a niche in the market by offering products that align with traditional health practices. Recent developments include expanding their product offerings to cater to the rising demand for organic and herbal baby care solutions. The company’s marketing strategies highlight the benefits of using Ayurvedic formulations, appealing to parents seeking safe and effective options for their infants. This focus on health and wellness positions Dabur favorably against larger competitors.
Niche:
Cotton Babies, HCP Wellness, Chemco Products, Orchid Lifesciences, Jinjiang Rongxin Lady & Baby’s Products Co., Ltd., and Nunu Baby Care Products Ltd. are recognized as niche players in the baby care products market due to their low products, limited brand presence, and strategic market positioning. The companies, however, are emphasizing on improving their digital footprint and offer affordable baby care products.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/01/baby-care-products-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-01-09 05:25:352025-05-07 10:06:41Johnson & Johnson and Nestle S.A. are the leaders in Baby Care Products Market as per the Knowledge Sourcing Intelligence
The haematology diagnostics market is evaluated at US$2.366 billion for the year 2025, growing at a CAGR of 3.09% to reach the market size of US$2.777 billion by the year 2030.
Haematology diagnostics refers to the diagnosis of diseases or disorders related to blood, including anaemia, blood cancer, blood clots, and infections among others by analysing the blood and its various components like RBCs, WBCs, haemoglobin etc.
Growth Drivers in Haematology Diagnostics Market
The blood and blood-related disorders in human beings have increased over the past few decades and are increasing due to a combination of factors such as changing lifestyles, nutrition-deficient populations in many countries and ageing populations among others. For instance, as per data from the World Bank, the prevalence of anaemia among children aged 6-59 months has increased from 10.4% in 2010 to 13.2% in 2019. In Finland, it has increased from 10% in 2010 to 11.8% in 2019, while in Denmark, it reached 14.5% in 2019, rising from 12.6% in 2010. This has caused the haematology diagnostic market to propel over the years. Further, there are technological developments in the diagnostics market leading to early and accurate disease detection propelling the market steady growth of haematology diagnostics.
The haematology diagnostics market is anticipated to experience steady growth. Some companies are focusing on technological development and through partnership & collaboration trying to gain a competitive edge in the market and aiming at dominating the market. For instance, Roche, one of the key market players, in November 2024 bought the US gene therapy developer Poseida Theraupatics to augment their cell therapy capabilities.
Segmentation of the Haematology Diagnostics Market
The haematology diagnostics market by test type is segmented into Haemoglobin, Blood Count, Platelet Function, Hematocrit and Others such as flow cytometry tests etc. The haematology diagnostics market includes tests to measure haemoglobin levels in the blood during various disease diagnoses such as anaemia. It also includes blood count of RBCs and WBCs, Haemoglobin, platelets etc. during the diagnosing of various diseases. In the forecast period, the Blood count segment will continue to dominate the haematology diagnostics market as the blood count segment has a broad application for diagnosing various diseases as blood count helps in providing insights into various components of blood.
The haematology diagnostics market by end-user is segmented into hospitals & clinics, diagnostics centers and others such as blood banks, academic research etc. The haematology market has a strong presence in the hospitals & clinics segment as blood and blood-related diagnosis is central to patient and patient care. They are major end-users of haematology diagnostic tests. Diagnostics centers are also a major end-user of haematology diagnostic tests as many patients outsource their tests and diagnosis from outside the hospitals. Also, many hospitals don’t have a broad range of haematology diagnostic tests as a diagnostics center have. Further, individuals who want routine check-up uses diagnostic center rather than hospitals. During the forecast period, diagnostic centers are anticipated to experience faster growth in the haematology diagnostics market
Based on geography, the North American region is projected to hold a significant market share during the forecast period. The better healthcare infrastructure and the high disposable income combined have fostered the establishment of numerous diagnostics centers across North American countries. This has provided a significant boost to the haematology diagnostics in the region. Also, the North American market is anticipated to witness growth in medical facilities more than before and when coupled with the high prevalence of chronic diseases in the population is causing the market for haematology diagnostics to grow.
Key Players in the Haematology Diagnostics Market
The report includes the major players operating in the haematology diagnostics market Bio-Rad Laboratories, Inc., Boule Diagnostics AB, Abbott Laboratories, Diatron, Biosystems S.A., F. Hoffmann-La Roche Ltd, Horiba, Ltd., Erba Diagnostics Mannheim GmbH, Ortho Clinical Diagnostics and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Pharmacovigilance is the science that deals with detecting, assessing, understanding, and preventing adverse effects related to medicines or vaccines. Although all medicines and vaccines undergo rigorous testing procedures to ensure their safety and efficacy before being authorized for use, these tests are conducted on a relatively small number of selected individuals over a short period. Once these products are used by the general population—comprising a heterogeneous group that includes individuals with concurrent diseases—they may exhibit side effects. Therefore, pharmacovigilance focuses on identifying adverse drug reactions, monitoring the safety of drugs in use, and implementing appropriate actions to minimize associated risks. It also supports patients by informing them about safer medicines, thereby improving patient care.
Consequently, pharmacovigilance is a key health activity undertaken by governments and institutions aimed at enhancing patient safety and public health by mitigating the risks of adverse effects from medicines and vaccines. Pharmacovigilance encompasses various activities, including collecting and managing data on the safety of medicines, identifying adverse drug reactions, risk management to mitigate potential risks, regulatory actions, and communication with stakeholders to disseminate information and create public awareness. Key stakeholders involved in pharmacovigilance include patients, doctors, pharmacists, regulatory authorities, and pharmaceutical companies.
What is Driving the Pharmacovigilance Market?
The Rising Cases of Adverse Drug Reactions
The increasing consumption of pharmaceutical products such as medicines and vaccines—driven by the rising prevalence of chronic diseases like cancer and diabetes—has led to a surge in side effects or harmful effects associated with drug use. According to the World Health Organization (WHO), cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020 (approximately one in six deaths). The National Cancer Institute estimates that 2,001,140 new cancer cases were diagnosed in the United States in 2024, with more than 611,720 people expected to die from cancer. Additionally, the number of individuals with diabetes has risen dramatically from 200 million in 1990 to 830 million in 2022. This increase in chronic diseases has heightened the demand for drugs and consequently led to more cases of adverse drug reactions.
Furthermore, the rise in self-medication and the use of over-the-counter drugs have increased risks associated with improper drug use, contributing to a higher incidence of adverse drug reactions that impact public safety. As a result, regulatory bodies are monitoring these adverse drug reaction cases more closely after drug approval to ensure patient safety. Governments and institutions are proactively addressing the growing incidence of adverse drug effects by establishing regulatory policies that pharmaceutical companies must comply with. For example, in the United States, the FDA requires drug manufacturers to conduct ongoing safety evaluations and periodically review their safety databases.
Simultaneously, regulatory authorities are implementing various initiatives to enhance drug safety and efficacy. For instance, the WHO’s program for international drug monitoring requires member countries to submit reports on adverse reactions associated with medicinal products to create a global database known as VigiBase. Therefore, the rising incidence of adverse drug reactions is prompting governments, institutions, and pharmaceutical companies to take action, driving the pharmacovigilance market growth.
Advancements in Pharmacovigilance Technology
The need for effective pharmacovigilance has been amplified by advancements in technology such as artificial intelligence (AI), machine learning (ML), data management tools, analytical tools, predictive analysis, and risk management techniques. These technologies are transforming how the pharmacovigilance industry detects, analyzes, and manages adverse drug reactions. They facilitate efficient data collection and analysis using advanced tools like big data analytics while managing risk through predictive analysis.
For instance, machine learning can identify complex patterns or syndromes in safety data and perform predictive modeling tasks. It is also utilized to study interactions between drugs and human populations, aiding in investigating the benefits and risks of drug use under real-life conditions. Thus, integrating advanced tools is empowering the pharmacovigilance industry to develop innovative solutions that enhance accuracy in processes and ensure patient safety.
Safety Innovations in the Pharmacovigilance Market
Several leading companies and regulatory bodies are driving innovative solutions within the pharmacovigilance market. Organizations such as WHO and the European Medicines Agency are implementing various regulatory frameworks alongside technological innovations to improve drug monitoring processes. Notable companies contributing to these advancements include Pfizer, Thermo Fisher Scientific Inc., Accenture, Oracle, IQVIA, Veeva Systems, Merck & Co., IBM Corporation, and Laboratory Corporation of America Holdings, among others.
Key Safety Innovations
IQVIA: IQVIA provides pharmacovigilance and drug safety solutions through automation and advanced technologies. Its IQVIA Vigilance Platform operates in a SaaS environment that simplifies pharmacovigilance processes. It employs AI, ML, and Natural Language Processing (NLP) to identify adverse drug reactions by analyzing vast amounts of structured and unstructured data from clinical trials, hospitals, and health systems.
Pfizer: Pfizer is at the forefront of using AI to monitor drugs safely. The company collects, analyzes, and reports extensive data using automated tools to streamline case processing and data management. Advanced signal detection tools are employed to analyze data from various sources while developing risk management plans and periodic safety update reports.
Oracle: Oracle offers solutions that over 80% of pharmaceutical companies utilize for their pharmacovigilance needs. Their offerings include Oracle Argus Safety, Oracle Life Sciences Data Hub, Oracle Empirica Signal, and Oracle Safety Cloud, among others. Built-in Argus automation features intake processing, case prioritization, field validations, letters generation, and action items management, reducing manual work by over 50%. The integration of AI and ML enhances these capabilities significantly.
In summary, leaders in pharmacovigilance are leveraging advanced technologies such as AI and ML to transform operational processes by enabling earlier detection of adverse drug reactions while managing data effectively for insights. These innovations are propelling further advancements within the pharmacovigilance market aimed at ensuring patient safety. This revision enhances clarity while maintaining your original message. If you have any specific preferences or changes you’d like me to make, please let me know!
The global electric vehicle market is anticipated to reach a market size worth US$1,671.126 billion by 2029, growing at a compound annual growth rate of 20.47%. The market is valued at US$453.869 billion in 2022.
An electric vehicle is a type of vehicle that uses electricity to operate. These types of vehicles consist of a battery, which is embedded in the vehicle, that stores electric energy from the grid, and transfers the energy to motors, which drive the vehicle forward. There are various categories of electric vehicles available across the globe, which include PHEVs, BEVs, HEVs, and FCEVs. A BEV or battery electric vehicle is the purest form of electric vehicle, which only uses electricity to operate, whereas the PHEVs or plug-in hybrid vehicles have the ability to operate on either electric energy or natural fuel like petrol. The HEVs or hydrogen electric vehicles and the FCEVs or fuel cell electric vehicles use hydrogen as the main fuel source, which generates electricity through the process of electrolysis, that powers the vehicle.
Growth Drivers in Electric Vehicle Market
A major factor that is estimated to boost the global electric vehicle market is attributed to the introduction and integration of new technologies into these vehicles, like self-driving and artificial intelligence. The global sales of electric vehicles have grown significantly over the past few years, which led to the entrance of multiple companies into the sector, boosting innovation in the ecosystem. Multiple automotive companies have also introduced multiple electric vehicles to attract new customers, which offer better performance and integration of new technologies. In March 2024, Isuzu Motors Ltd., a Japanese automotive giant unveiled its latest all-electric or BEV pickup truck. The D-Max BEV pickup truck by the company is set to launch in Europe by 2025, and will also be launched in multiple countries, like Australia and Thailand.
Segmentation of the Electric Vehicle Market
The type segment of the global electric vehicle market is categorized into battery electric vehicle (BEV), hybrid electric vehicle, plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). Under the type segment of the global electric vehicle market, the battery electric vehicle (BEV) category is estimated to attain a greater market share. The battery electric vehicle uses only electricity, stored in the battery of the vehicle to operate. The global demand for BEVs has grown significantly in the past few years, majorly due to the rising innovations in the segment. The International Energy Agency, in its global electric car stock report, stated that the stock of electric cars grew significantly compared to the PHEVs. The agency stated that in 2022, China’s BEV stock was recorded at 16.1 million, whereas the PHEV stock was recorded at only 5.8 million. In the same year, the BEV stock of the USA and Europe was recorded at 3.5 million and 6.7 million respectively, whereas the PHEV stock accounted for about 4.5 million in Europe and 1.3 million in the USA.
The global electric vehicle market, under the end-user segment, is categorized into public, private, and commercial. The private category of the end-user segment, in the global electric vehicle market is forecasted to attain a higher growth rate. The private category of the end-user segment includes the purchase of electric vehicles for private or residential uses by a user. In this category, the consumer uses the vehicles for their application and installs private charging infrastructure at their residence. The governments of multiple countries, like India, the USA, China, and the UK have introduced multiple subsidiary policies to boost the sales of electric vehicles under the private categories.
The global electric vehicle market, by charging point segment, is categorized into AC charging and DC charging. The DC charging category of the charging point segment is sure to gain a higher share, of the global electric vehicle market. The DC charging equipment is commonly used across multiple regions and offers easy usage and lower operation costs. The DC charger has the capability to directly feed the energy to the vehicle battery, unlike the AC charger, which requires a converter to convert the alternating current to the direct current. DC charging also offers a faster and more reliable charging experience to the users.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share in the global electric vehicle market. A key factor for the growth of the market in the Asia Pacific region can be majorly attributed to the rising production of electric vehicles in the region. The counties like China, Japan, Taiwan, and India in the Asia Pacific region are among the biggest producers of electric vehicles and their related technologies, across the globe. These countries have also introduced multiple policies and investment opportunities to further develop EV technology in the region, boosting the electric vehicle ecosystem. In the global production of EVs, China is among the biggest producers, producing about half of the global share. The International Energy Agency, in its global report, stated that the sales of electric vehicles in the Asia Pacific region witnessed massive growth, especially in China. The agency stated that in 2021, about 3.3 million electric vehicles were sold in China, whereas only about 2.3 million and 0.6 million electric vehicles were sold in Europe and the USA respectively. In 2022, the total sales of electric vehicles reached 6 million in China, which further increased to 8.1 million in 2023.
Key Players in the Electric Vehicle Market
As a part of the report, the major players operating in the electric vehicle market that have been covered are Tesla, Lucid Motors, Nissan, Volvo, Zoox, Inc., General Motors Company, Volta Trucks AB, Rivian Automotive, Inc, Nikola Corporation, Nio Inc., and Hyliion Holdings.
The flourishing transformation of the baby food sector is mainly focused on the increasing demand for environment-friendly, clear, and healthy food choices, a shift in taste from parents, and the urges for health consciousness. Parents now want products that will nourish their newborn babies but also match their values of sustainability, quality, and safety as they become more concerned about the long-term health and developmental needs of their children. These improvements are enhancing nutritional science and widening awareness of diet sensitivity and allergy to mention a few things about the role of functional foods contributing to early child development.
Today’s Gen Z and millennial parents boast so much more information than ever before, and they are redefining the norms of baby food consumption as a result. They demand clean-label products that are free from allergens, nasty additives, and preservatives and made with clearly identifiable, natural ingredients. Add to this the growing popularity of plant-based diets for children and adults, and it’s easy to see how the development of such vegan and vegetarian baby food ranges has been stimulated. Allergen-free infant food is at the forefront of innovation while food allergies and intolerances gradually gain more awareness in the modern world.
Further, functional nutrition has also started developing new field concepts that are more than the provision of calories and nutrients. Functional baby food products have nutrient supplements, which develop immunity, cognitive functioning, and digestion that satisfy the specific needs of newborns attending critical growth periods. All these advances suggest moving away from traditional baby food for safer, healthier, and more ecologically viable futures.
Plant-based, allergy-free, and functional nutrition stand out as the three most vital innovation domains in this transformative ecosystem that will redefine the ways and models of feeding infants and create a strong platform for health and wellbeing. Moreover, increasing investments in healthcare have also increased the need for healthy baby food.
Investment in Health AI Startups, in USD Billions, United States
Source: American Healthcare Association
The Rise of Plant-Based Baby Food
Plant-based baby food is fast becoming a huge trend, with many adults adopting plant-based diets. These parents, many flexitarians, vegetarians, or vegans, are now looking for solutions that are congruent with their lifestyles and beliefs. Plant-based infant foods are very nutritious alternatives, being derived from fruits, vegetables, grains, and legumes and containing no animal-derived substances. Brands are now creating innovative formulations that focus on proper protein, iron, calcium, and vitamin content to address the longstanding concerns that plant diets are nutritionally inadequate. Chickpeas, lentils, quinoa, and fortified plant-based milk have already become standard ingredients in these products; nourishing them with the very macronutrients that support healthy growth and development.
It is further appealing to eco-conscious parents since plant-based baby food has a lesser carbon footprint as compared to animal-based alternatives. Sustainable plant-based ingredient production requires less energy, water, and land use, which makes it sustainable in climate change mitigation. Increasingly companies are capitalizing on such demands by providing minimally processed, organic, and non-GMO plant-based substitutes, available in recyclable or biodegradable packaging.
Allergen-Free Infant Food: Guaranteeing Security and Inclusion
There is a growing need for baby food that is free from allergens because incidences of food allergy among infants and children show a significant rise. Since these can trigger severe reactions in babies, most parents avoid traditional products that contain typical allergens like milk, eggs, soy, peanuts, and gluten. This has prompted manufacturers to formulate allergen-free products that do not contain these common allergens and still supply the same nutrition as possible.
To further ensure safety among parents, most of these related products label themselves as allergen-free. Moreover, due to improvements in food technology, brands can now employ different innovative alternatives to replace allergenic ingredients. Examples of these include rice and quinoa flour that will replace cereals and snacks that are gluten-free and alternative non-dairy options like coconut or oat milk. Further, the range of allergen-free products goes beyond puree forms to include different types such as finger foods, cereals, and teething biscuits to meet various dietary requirements.
Most companies also ensure that rigorous testing and quality control measures are put in place to prevent cross-contamination. The baby food industry strives to absorb a lot of light on openness and quality control for building trust in consumers and setting new food safety standards.
Functional Nutrition: Improving the Health of Infants
Functional nutrition is the future of infant food; it focuses on ingredients that have clinically proven benefits in addition to standard nourishing properties. Such united objectives function towards the achievement of parents concerning infant health, that is, to build immunity and digestion, to support cognitive development, and to enhance the overall wellness of the child. Superfoods have also been incorporated into baby foods, including spinach, kale, and blueberries, in addition to probiotics, prebiotics, and DHA (an omega-3 fatty acid).
Special baby food contains different classes of probiotics and prebiotics and is very popular because they ensure a healthy gut microbiota, both necessary for immunity and digestion. DHA is often derived from algae in plant-based products and is a key ingredient in many new baby brands since it is critical for the development of the brain and eyes. Other useful ones include antioxidants that fight inflammation and improve cells’ health, vitamin D for bone health, and iron for cognitive functions.
Functional baby foods also cover some particular problems like eczema, colic, and undernutrition. Some formulas also incorporate anti-inflammatory bioactives like ginger and turmeric for mild therapeutic effects in their compositions. As per the trend, increasing preventive health care and the importance of food for health throughout life go hand in hand with that.
The seamless integration of artificial intelligence in all areas of patient management is crucial for the progress of medical services. As the processing capabilities, data harvesting, and artificial intelligence techniques improve, predictive healthcare analytics will become more accurate, accessible, and inexpensive. If such an evolution is possible, then newer technology such as federated learning and quantum computing will help make this possible while ensuring data integrity and protection.
In conclusion, baby food is making a huge transformation in the market as plant-based, allergen-free, and functional nutrition for newborns comes to change the way parents feed their babies. Such trends lay new standards of quality, creativity, and inclusivity in the market and are being driven by environmental goals, safety considerations, and health consciousness. For parents of kids with dietary restrictions, allergen-free offerings are peace of mind; plant-based baby foods appeal to eco-conscious families; and functional nutrition provides specific health benefits to encourage optimal growth. These trends may indicate a time when infant food would be more safe and healthy, in line with the current needs and values of families.
The global thyroid function test market is expected to reach a value of US$1,797.005 million by 2030, growing at a CAGR of 2.70%. It is valued at US$979.259 million in 2025.
The thyroid function test or TFT is a process of quantitation of thyroid stimulating hormone (TSH) along with circulating thyroid hormones in serum, which assesses the functionality of the thyroid gland. The thyroid function test helps in diagnosing multiple conditions like hyperthyroidism, Graves’ disease, thyroid cancer, and Hashimoto’s disease among others. The increasing global cases of thyroid cancer are estimated to boost the global thyroid function test market during the forecasted timeline. The Macmillan Cancer Support, in its report, stated that in the UK, around 3,500 individuals are diagnosed each year.
Growth Drivers in Thyroid Function Test Market
With the increasing global cases of thyroid-related diseases across the globe, the demand for the thyroid function test market is expected to witness significant growth. Various global pharmaceutical and healthcare leaders across the globe have introduced key products and solutions for thyroid function tests. For instance, in February 2023, Parkway Laboratories, a global leader in accurate medical tests and analytical equipment, announced that the company had added Thyroid Screen in Pregnancy into its portfolio.
Segmentation of the Thyroid Function Test Market
The type segment of the thyroid function test market is categorized into thyroid stimulating hormone tests, T4 tests, T3 tests, and others. In the type segment of the global thyroid function test market, the thyroid stimulating hormone tests category is estimated to attain a greater market share during the forecasted timeline. Thyroid stimulating hormone tests or TSH are a type of thyroid function test, which helps in analyzing the functionality of the thyroid gland. The thyroid stimulating hormone tests help in detecting the level of hyperthyroidism and hypothyroidism in the blood of the individual. The test also helps in the condition of heart & digestive functions, and muscle control.
By indication, the thyroid function test market is segmented into hypothyroidism, hyperthyroidism, thyroid cancer, and others. The thyroid cancer category under the indication segment of the thyroid function test market is expected to grow significantly. The global cases of thyroid witnessed massive growth over the years. Thyroid cancer is among the most common types of cancer, prevalent across both genders. The American Cancer Society, in its report, stated that in the USA, the probability of thyroid cancer in males between the ages of 0 and 49 years was recorded at 1 in 457 total cancer cases, whereas in females in the same age group was recorded at 1 in 125 total cancer cases.
By end-users, the thyroid function test market is segmented into hospitals and clinics, diagnostic centers, and others. The diagnostic centers category in the global end-user segment of the thyroid function test market is expected to witness rapid growth. The diagnostic center is a type of medical facility, which offers diagnostic tests and procedures performed to diagnose multiple types of health conditions and diseases. The diagnostic centers also help by offering regular medical checkups and providing accurate diagnostic results.
Based on geography, the North American region is expected to witness significant growth in the global thyroid function test market. The North American region is among the most developed and technologically advanced in the healthcare sector, offering continuous investments in the sector. Various countries in the region, like the USA and Canada, have introduced key policies and investment schemes to boost the integration of new technologies into the pharmaceutical and healthcare sector, which is expected to boost the efficiency of thyroid function tests.
Key Players in the Thyroid Function Test Market
As a part of the report, the major players operating in the thyroid function test market that have been covered are Abbott, Randox Laboratories Ltd, bioMérieux SA, Thermo Fisher, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd., Siemens Healthineers, Qualigen Inc., Beckman Coulter, Inc., and Quidel Corporation.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/01/thyroid-function-test-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-01-06 13:41:582025-01-06 13:41:58Thyroid Function Test Market size worth US$1,797.005 million by 2030
Abbott Nutrition is a major multinational company with a global revenue of US$4,912 million in 2022. It offers many dairy blend products for all ages, for example, PediaSure Grow & Gain Shake Mix which is produced from vanilla powder and other ingredients. Another product Ensure Original Powder is a source of balanced nutrition for supplemental use.
Danone launched the industry’s first baby formula in July 2022, containing 60% plant-based and 40% dairy-based protein. This product will give the company a competitive edge over others, with vegetarian and flexitarian options for baby food. The company has sales revenue of €27.6 BN in 2023 worldwide.
Royal Friesland Campina is a leading company in Europe that earned revenue of Euro 13,072 million in 2023. The company offers dairy blends under different brands such as Bonnet Rouge, Black, and White, Olper, etc. in different regions. Its emphasis on strategic collaboration has formed one of the key strategic maneuvers for the company’s blend business expansion. For instance, in December 2024, FrieslandCampina and Milcobel announced their intention to merge. This joining of forces creates a leading dairy cooperative and dairy company. The merger provides the foundation for an organization with a dairy front and center for member dairy farmers, employees, consumers, and customers.
Cargill has established its business in about 70 countries, and the company has employed a global market supply chain solution, optimal risk management, analytical support, and processing of the different product offerings. It offers dairy blends such as maltodextrin, pectin, etc. The company has emphasized regional expansion in major areas namely Europe and North America, where it supplies its blend via its local retailers and distributing agents with whom it shares a strategic partnership.
Challenger:
Dana Foods, Inc. has several proprietary blends as well as custom blends such as dairy/nondairy, ingredient blends bakery blends, vegetarian blends, etc. The company’s reaches and approach is based on offering custom-formulated dry dairy blends to its customers. This unique strategy places them under the challengers.
Fonterra Co-Operative Group Ltd. offers different types of blends for specific markets and application blends, consistent performance in use, creamy dairy flavor, and a range of packaging formats. The group has a turnover of $22.8 billion in revenue as a whole. Each NZMP blend is designed for a specific range of applications, from bakery and confectionery to margarine and processed cheese manufacture.
AAK USA, Inc. offers dairy and ice cream industries solutions for ice cream, cheese, whipped toppings, yellow fats, fermented milk products, milk drinks, and coffee whiteners. Their solutions are developed with the healthy product concept.
Cape Food ingredients offer liquid format and powder bases. The powder bases are used for the traditional two-base system to bottle as RTD, formulation to use liquid skim milk, and formulation to use juice concentrates. Their unique offering and focus is mainly on the African continent, with South Africa as the main market.
Aimia Foods is offering iconic products like Horlicks. The Horlicks is a household name that has offerings for every age demographic, from toddlers to grey age. Their product range of Horlics comes in a variety of flavors and different supplements. Further, they offer hot chocolate drinks blends like mars-drinks. These different varieties of dairy blends place them in a significant challenger position.
Niche:
Arla Foods Ingredients Group, Crediton Dairy, Agropur Ingredients, and Saputo Dairy Australia Pty Ltd are niche players in the market. However, the companies are emphasizing expanding their production scale, for instance, In August 2023, Crediton Dairy announced a major £20 million capital investment program that would be undertaken over the next three years. The company has a turnover of £140 million. Likewise, Saputo Dairy Australia Pty Ltd. offers different types of whey protein concentrates, cheese and butter products, milk powders, lactose, anhydrous milk fats (amp), specialty milk fats, milk protein concentrates, lactoferrin, nutritional powders for all ages, milk minerals, milk protein concentrates, lactose, etc.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/01/Dairy-Blends-Market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-01-06 06:41:172025-01-07 16:51:51Abbott Nutrition and Danone are the leaders in Dairy Blends Market as per the Knowledge Sourcing Intelligence
The used EV market is expected to register a compound annual growth rate (CAGR) of 31.01% during the forecast period (2024-2029).
The used vehicle market refers to the privately or publicly owned marketplace, which deals with the purchase and sale of used vehicles. The used EV market is similar to the used vehicle market, but it only deals with the exchange of electric vehicles, which includes two-wheelers, commercial cars, passenger cars, trucks, and other types of electric vehicles. The global used vehicle market is an old concept, but the integration of EVs in this market is among the newer forms of the used car market. The demand for the used electric vehicle market is forecasted to witness significant growth, majorly with the increasing popularity of electric vehicles across the globe, and the higher cost of the newer electric vehicles.
Growth Drivers in the Used EV Market
With the growth of global demand for electric vehicles, the availability of used EVs increases across the world. Various companies and governmental organizations have introduced new strategies and programs to increase the sales of used EVs across the globe. For instance, the British Vehicle Rental & Leasing Association, or BVRLA, in September 2024 launched an initiative to increase the sales of used EVs in the nation. Through these initiatives, the associations aim to launch an information campaign to counter the negative myths related to used EVs and also support the standardized battery health certificates, which can reassure the buyers of the used EVs. The association also urges the government to launch a used EV plug-in grant and reduce VAT on used EVs by 50% for four years.
Segmentation of the Used EV Market
The type segment of the used EV market is categorized into two-wheeler, passenger vehicle, light commercial vehicle, and commercial vehicle. Under the types segment of the global used EV market, the passenger vehicle category is forecasted to propel at a greater growth rate. The passenger vehicle segment is the fastest-growing category in the global EV market, with governments across the globe introducing major policies and schemes to boost the sales of passenger vehicles in their nations. Similarly, in the global used vehicle market, the sale of passenger vehicles also occupies a greater share, as these vehicles offer optimum condition, and require lower maintenance.
The used EV market, under the fuel category segment, is categorized into BEV (battery electric vehicles), FCEV (fuel cell electric vehicle), HEV (hybrid electric vehicles), and PHEV (plug-in hybrid electric vehicles). The BEV or battery electric vehicle category, under the fuel category segment of the used EV market, is estimated to attain a greater share during the forecasted timeline. The global sales of battery electric vehicles or BEVs witnessed a significant increase across the globe. In the used EVs market globally, the demand for battery electric vehicles is expected to increase, majorly with the presence of various governmental incentives to boost the sales of BEVs in the global market.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share of the global used EV market. The Asia Pacific region is among the fastest-growing and biggest electric vehicle markets across the globe, with the sales and production of electric vehicles increasing constantly. Countries like India, China, Japan, and South Korea are among the biggest producers and consumers of electric vehicles across the globe, consuming about half of the total global production of electric vehicles. Similarly, the governments of these nations also introduced multiple policies and subsidy schemes, which are aimed at propelling the demand for electric vehicles in the region, increasing the size of the used electric vehicle market across the region. Furthermore, the Asian Pacific region also offers the fastest developing used car market, which is also expected to propel the sales of used EVs in the region.
Key Players in the Used EV Market
As a part of the report, the major players operating in the used EV market that have been covered are EV.com Inc., OLX, CarMax Enterprise Services, LLC, HERTZ CORPORATION., TrueCar, Inc., Recharged, VinFast, AutosEU, Cardino GmbH, Ali Baba, Cars24, and Find My Electric.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/01/used-EV-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-01-03 13:12:052025-01-03 13:12:05Used EV Market is expected to grow at a CAGR of 31.01%
Artificial intelligence (AI) in the fashion market is expected to grow at a CAGR of 41.46% from US$1,752.205 million in 2024 to US$9,925.913 million by 2029.
The most profound technological breakthrough in the world today is artificial intelligence. Almost all industries integrate artificial intelligence in improving their production systems, extent of performance, and efficiency of operations, among many other things. For many years now, it has also been seen as a revolutionary factor in the fashion industry, becoming very relevant to actual use in the industry. Some of the functional areas benefiting from global AI in fashion include marketing, supply chain management, design, etc. Artificial Intelligence might relieve the access load as well. On the other hand, supply chain management is an effect of AI in the fashion industry, where the AI model trained in advance with the sales performance and inventory levels predicted future sales most accurately and made informed decisions regarding the inventory level.
Growth Drivers in Artificial Intelligence In Fashion Market:
AI can also recognize product characteristics through the mechanism of computer vision and predictive analytics. One of the other things AI does is help in analysing consumer patterns in search and returning the results based on what has been searched, such as colour, brand, size, trend, fashion, and the rest. The rise of AI in the world of fashion is due to the movement of the retail fashion industry and the increasing technology consumption.
Moreover, in the fashion industry, where artificial intelligence-enabled equipment is tightly integrated into the creative process, AI becomes an important product designer and developer. These highly advanced technologies optimize efficiency and spur innovation across the entire product lifecycle by streamlining and improving various design factors. These plan reductions include the significant application of AI in product design for optimizing patterns for material resource efficiency. Further, AI algorithms study the design specifications and material properties to have optimal patterns with the least waste and most resource consumption. These intelligent methods of pattering will help the designers save their time and effort on cost-reduced and sustainable environment targets without compromising the integrity of the design.
Segmentation of the Artificial Intelligence In Fashion Market:
By application, the Artificial Intelligence (AI) in fashion market is segmented into six major categories, deep design, trend forecasting, inventory management, return processing, customer support, and others. Artificial intelligence offers inventory management businesses intelligent algorithms and machine learning, quickly analyzing enormous amounts of information. Companies turn to AI to keep their stock levels optimal in response to consumption change patterns established by analyzing sales trends, consumer behaviour, and market conditions. Moreover, one of the greatest advantages to businesses implementing AI is the predictive analytics that it entails; projecting future demand using past data alongside real-time market insights. This would then empower companies to decide how to price and promote while also replenishing their supplies, therefore, minimizing waste, and stockouts, and maximising efficiencies.
AI-driven systems also automatically self-adjust for changes in the marketplace, resulting in better predictions with time, thus maintaining agility and competitiveness for businesses in dynamic environments.
Artificial Intelligence (AI) in fashion market by offering is segmented into software and services. The fashion industry is increasingly depending on cloud computing, which has great flexibility and adaptability to changing business needs, hence capturing a significant market share in the cloud segment. One of the major drivers of this growth in the segment of the cloud has been speeding up the different geographical areas’ digital transformations. Thus, fashion brands developing the need to build strong data security measures are among the factors driving the demand for cloud-based solutions that have enhanced security features and can comply with certain stringent government regulations. On the other hand, as to why most big fashion brands are adopting the cloud, it is considered more convenient in regulatory compliance. Guided platforms for cloud computing not only make compliance streamlined and ensured but also promise data safety and security standards fulfilled.
Artificial Intelligence (AI) in fashion market by technology is segmented into machine learning, robotic process automation, computer vision, and others. Artificial intelligence (AI) algorithms forecast future trends by analyzing historical data to determine what designs, colours, or styles will likely be in demand. This helps retailers and designers make proactive choices regarding product development and inventory. AI examines consumer preferences, behavior, and buying trends to determine what influences fashion decisions. Customizing product offerings and marketing strategies to better meet consumer expectations is made easier with the help of this data.
Based on geography, the North American region of the Artificial Intelligence (AI) in fashion market is growing significantly. This growth path is being propelled by two factors – early adoption of artificial intelligence into industrial applications and their advancements across vast sectors of technology. Similar developments are happening in countries like the USA and Canada, whose emerging fashion industry trends are becoming corners for growing demand for AI technology solutions. Sustainability, manufacturing productivity improvement, and sales optimization are some of the key industry imperatives that these technologies can greatly help support. Emerging AI solutions are becoming increasingly vital to the innovation and competitiveness of a fashion industry that is transforming in response to changing consumer preferences and market dynamics.
Key Players in the Artificial Intelligence In Fashion Market:
As a part of the report, the major players operating in the Artificial Intelligence (AI) in fashion market that have been covered are Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Koninklijke Philips N.V., Stylumia Intelligence Technology Pvt. Ltd., LALALAND, True Fit Corporation, Stitch Fix, Inc., ZMO.AI, and Zalando SE.
https://www.knowledge-sourcing.com/resources/wp-content/uploads/2025/01/AI-in-fashion-market.webp5191000Gaurav Singhhttps://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.pngGaurav Singh2025-01-02 13:46:422025-01-02 13:47:44AI in fashion market size worth US$9,925.913 million by 2029
EV Drivetrain Market size worth US$120.330 billion by 2029
Press ReleasesThe electric vehicle drivetrain market is projected to expand from US$54.941 billion in 2024 to US$120.330 billion in 2029 at a CAGR of 16.98%.
A drivetrain is a crucial vehicle component that translates power from the battery into motion. In an electric vehicle, the drivetrain comprises several key components, including traction motors, power electronics, transmission, and batteries. Within this system, the battery plays a vital role by distributing energy to these essential components. The traction motors convert the electric energy from the battery into rotational energy, which propels the vehicle forward.
As global demand for electric vehicles continues to rise, the development of related technologies is anticipated to accelerate rapidly. This momentum will lead to the introduction of innovations and components that enhance vehicle efficiency and performance. Leading companies in the sector have made significant advancements in the electric vehicle drivetrain market, concentrating on improving vehicle performance. For example, in September 2024, Musashi Seimitsu Industry Co., Ltd., a Japanese company, partnered with Log9 Material, a prominent Indian battery technology leader, to develop a powertrain system tailored for the Indian electric vehicle market.
Segmentation of the Electric Vehicle Drivetrain Market
The component segment of the electric vehicle drivetrain market is categorized into battery, controller, transmission, and electric motor. Under the component segment of the global electric vehicle drivetrain market, the battery category is forecasted to witness massive growth. The battery of the electric vehicle is among the most important components, which helps in storing and delivering power or energy to the different components of the electric vehicle, like the motors and controllers.
The electric vehicle drivetrain market, under the type segment, is categorized into front-wheel drive (FWD), rear-wheel drive (RWD), all-wheel drive (AWD), and four-wheel drive (4WD). The front-wheel drive (FWD) category of the type segment of the electric vehicle drivetrain market is estimated to attain greater market growth. In the front-wheel drive system, the traction motors, which help to drive the vehicle, are connected to the set of wheels, connected to the front portion of the vehicle. The front-wheel drive system offers easy maintenance, lower installation cost, and cheaper operation of the vehicle. This type of drivetrain is commonly used in the base model of electric vehicles. This type of drivetrain category has higher market demand in developing and lower or middle-income countries, like India, Vietnam, Malaysia, and other African nations, as the vehicles with front-wheel systems are cheaper to produce, and are available at a lower cost compared to the other categories.
The electric vehicle drivetrain market, by vehicle segment, is categorized into PHEV, BEV, FCEV, and HEV. The PHEV category of the vehicle segment, in the global electric vehicle drivetrain market is estimated to grow rapidly. The PHEV refers to a Plug-in Hybrid Electric Vehicle, which consists of multiple types of fuel functions. The PHEVs consist of an electric vehicle drive train system, along with the ability to operate on conventional fuels, like petrol. The global demand for PHEVs witnessed massive growth, as these type of vehicles offers users the capability to drive longer ranges, and also contribute to the sustainability of the environment.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share in the global electric vehicle drivetrain market. A key factor for the growth of the market in the Asia Pacific region can be majorly attributed to the rising production of electric vehicles in the region. The counties like China, Japan, Taiwan, and India in the Asia Pacific region are among the biggest producers of electric vehicles and their related technologies, across the globe. These countries have also introduced multiple policies and investment opportunities to further develop EV technology in the region, boosting the electric vehicle ecosystem. In the global production of EVs, China is among the biggest producers, producing about half of the global share. The International Energy Agency stated that the stock of battery electric vehicles (BEV) in China witnessed rapid growth. The agency stated that in 2021, the nation had about 6.2 million electric vehicle stock, which increased to 10.7 million in 2022, finally reaching 16.1 million of total electric vehicle stock in 2023.
Key Players in the Electric Vehicle Drivetrain Market
As a part of the report, the major players operating in the electric vehicle market that have been covered are AISIN CORPORATION, DENSO CORPORATION, Hexagon AB, ZF Friedrichshafen AG, Magna International Inc.,Valeo, BorgWarner Inc., MITSUBISHI MOTORS CORPORATION, Hitachi Astemo, Ltd., and Schaeffler AG.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/electric-vehicle-drivetrain-market
The Electric Vehicle Drivetrain Market is analyzed into the following segments:
Johnson & Johnson and Nestle S.A. are the leaders in Baby Care Products Market as per the Knowledge Sourcing Intelligence
Thought ArticlesCompetitive Benchmarking
Leaders:
KSI VP Matrix
Knowledge Sourcing Intelligence Vendor Positioning Matrix
Follower:
Challenger:
Niche:
Haematology Diagnostics Market size worth US$2.777 billion by 2030
Press ReleasesThe haematology diagnostics market is evaluated at US$2.366 billion for the year 2025, growing at a CAGR of 3.09% to reach the market size of US$2.777 billion by the year 2030.
Haematology diagnostics refers to the diagnosis of diseases or disorders related to blood, including anaemia, blood cancer, blood clots, and infections among others by analysing the blood and its various components like RBCs, WBCs, haemoglobin etc.
The blood and blood-related disorders in human beings have increased over the past few decades and are increasing due to a combination of factors such as changing lifestyles, nutrition-deficient populations in many countries and ageing populations among others. For instance, as per data from the World Bank, the prevalence of anaemia among children aged 6-59 months has increased from 10.4% in 2010 to 13.2% in 2019. In Finland, it has increased from 10% in 2010 to 11.8% in 2019, while in Denmark, it reached 14.5% in 2019, rising from 12.6% in 2010. This has caused the haematology diagnostic market to propel over the years. Further, there are technological developments in the diagnostics market leading to early and accurate disease detection propelling the market steady growth of haematology diagnostics.
The haematology diagnostics market is anticipated to experience steady growth. Some companies are focusing on technological development and through partnership & collaboration trying to gain a competitive edge in the market and aiming at dominating the market. For instance, Roche, one of the key market players, in November 2024 bought the US gene therapy developer Poseida Theraupatics to augment their cell therapy capabilities.
The haematology diagnostics market by test type is segmented into Haemoglobin, Blood Count, Platelet Function, Hematocrit and Others such as flow cytometry tests etc. The haematology diagnostics market includes tests to measure haemoglobin levels in the blood during various disease diagnoses such as anaemia. It also includes blood count of RBCs and WBCs, Haemoglobin, platelets etc. during the diagnosing of various diseases. In the forecast period, the Blood count segment will continue to dominate the haematology diagnostics market as the blood count segment has a broad application for diagnosing various diseases as blood count helps in providing insights into various components of blood.
The haematology diagnostics market by end-user is segmented into hospitals & clinics, diagnostics centers and others such as blood banks, academic research etc. The haematology market has a strong presence in the hospitals & clinics segment as blood and blood-related diagnosis is central to patient and patient care. They are major end-users of haematology diagnostic tests. Diagnostics centers are also a major end-user of haematology diagnostic tests as many patients outsource their tests and diagnosis from outside the hospitals. Also, many hospitals don’t have a broad range of haematology diagnostic tests as a diagnostics center have. Further, individuals who want routine check-up uses diagnostic center rather than hospitals. During the forecast period, diagnostic centers are anticipated to experience faster growth in the haematology diagnostics market
Based on geography, the North American region is projected to hold a significant market share during the forecast period. The better healthcare infrastructure and the high disposable income combined have fostered the establishment of numerous diagnostics centers across North American countries. This has provided a significant boost to the haematology diagnostics in the region. Also, the North American market is anticipated to witness growth in medical facilities more than before and when coupled with the high prevalence of chronic diseases in the population is causing the market for haematology diagnostics to grow.
The report includes the major players operating in the haematology diagnostics market Bio-Rad Laboratories, Inc., Boule Diagnostics AB, Abbott Laboratories, Diatron, Biosystems S.A., F. Hoffmann-La Roche Ltd, Horiba, Ltd., Erba Diagnostics Mannheim GmbH, Ortho Clinical Diagnostics and Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/haematology-diagnostics-market
The market analytics report segments the haematology diagnostics market as follows:
Pharmacovigilance Market: Leaders Driving Safety Innovation
Thought ArticlesIntroduction
Pharmacovigilance is the science that deals with detecting, assessing, understanding, and preventing adverse effects related to medicines or vaccines. Although all medicines and vaccines undergo rigorous testing procedures to ensure their safety and efficacy before being authorized for use, these tests are conducted on a relatively small number of selected individuals over a short period. Once these products are used by the general population—comprising a heterogeneous group that includes individuals with concurrent diseases—they may exhibit side effects. Therefore, pharmacovigilance focuses on identifying adverse drug reactions, monitoring the safety of drugs in use, and implementing appropriate actions to minimize associated risks. It also supports patients by informing them about safer medicines, thereby improving patient care.
Consequently, pharmacovigilance is a key health activity undertaken by governments and institutions aimed at enhancing patient safety and public health by mitigating the risks of adverse effects from medicines and vaccines. Pharmacovigilance encompasses various activities, including collecting and managing data on the safety of medicines, identifying adverse drug reactions, risk management to mitigate potential risks, regulatory actions, and communication with stakeholders to disseminate information and create public awareness. Key stakeholders involved in pharmacovigilance include patients, doctors, pharmacists, regulatory authorities, and pharmaceutical companies.
What is Driving the Pharmacovigilance Market?
The increasing consumption of pharmaceutical products such as medicines and vaccines—driven by the rising prevalence of chronic diseases like cancer and diabetes—has led to a surge in side effects or harmful effects associated with drug use. According to the World Health Organization (WHO), cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020 (approximately one in six deaths). The National Cancer Institute estimates that 2,001,140 new cancer cases were diagnosed in the United States in 2024, with more than 611,720 people expected to die from cancer. Additionally, the number of individuals with diabetes has risen dramatically from 200 million in 1990 to 830 million in 2022. This increase in chronic diseases has heightened the demand for drugs and consequently led to more cases of adverse drug reactions.
Furthermore, the rise in self-medication and the use of over-the-counter drugs have increased risks associated with improper drug use, contributing to a higher incidence of adverse drug reactions that impact public safety. As a result, regulatory bodies are monitoring these adverse drug reaction cases more closely after drug approval to ensure patient safety. Governments and institutions are proactively addressing the growing incidence of adverse drug effects by establishing regulatory policies that pharmaceutical companies must comply with. For example, in the United States, the FDA requires drug manufacturers to conduct ongoing safety evaluations and periodically review their safety databases.
Simultaneously, regulatory authorities are implementing various initiatives to enhance drug safety and efficacy. For instance, the WHO’s program for international drug monitoring requires member countries to submit reports on adverse reactions associated with medicinal products to create a global database known as VigiBase. Therefore, the rising incidence of adverse drug reactions is prompting governments, institutions, and pharmaceutical companies to take action, driving the pharmacovigilance market growth.
The need for effective pharmacovigilance has been amplified by advancements in technology such as artificial intelligence (AI), machine learning (ML), data management tools, analytical tools, predictive analysis, and risk management techniques. These technologies are transforming how the pharmacovigilance industry detects, analyzes, and manages adverse drug reactions. They facilitate efficient data collection and analysis using advanced tools like big data analytics while managing risk through predictive analysis.
For instance, machine learning can identify complex patterns or syndromes in safety data and perform predictive modeling tasks. It is also utilized to study interactions between drugs and human populations, aiding in investigating the benefits and risks of drug use under real-life conditions. Thus, integrating advanced tools is empowering the pharmacovigilance industry to develop innovative solutions that enhance accuracy in processes and ensure patient safety.
Several leading companies and regulatory bodies are driving innovative solutions within the pharmacovigilance market. Organizations such as WHO and the European Medicines Agency are implementing various regulatory frameworks alongside technological innovations to improve drug monitoring processes. Notable companies contributing to these advancements include Pfizer, Thermo Fisher Scientific Inc., Accenture, Oracle, IQVIA, Veeva Systems, Merck & Co., IBM Corporation, and Laboratory Corporation of America Holdings, among others.
Key Safety Innovations
In summary, leaders in pharmacovigilance are leveraging advanced technologies such as AI and ML to transform operational processes by enabling earlier detection of adverse drug reactions while managing data effectively for insights. These innovations are propelling further advancements within the pharmacovigilance market aimed at ensuring patient safety. This revision enhances clarity while maintaining your original message. If you have any specific preferences or changes you’d like me to make, please let me know!
Find some of our related studies:
Electric Vehicle Market size worth US$1,671.126 billion by 2029
Press ReleasesThe global electric vehicle market is anticipated to reach a market size worth US$1,671.126 billion by 2029, growing at a compound annual growth rate of 20.47%. The market is valued at US$453.869 billion in 2022.
An electric vehicle is a type of vehicle that uses electricity to operate. These types of vehicles consist of a battery, which is embedded in the vehicle, that stores electric energy from the grid, and transfers the energy to motors, which drive the vehicle forward. There are various categories of electric vehicles available across the globe, which include PHEVs, BEVs, HEVs, and FCEVs. A BEV or battery electric vehicle is the purest form of electric vehicle, which only uses electricity to operate, whereas the PHEVs or plug-in hybrid vehicles have the ability to operate on either electric energy or natural fuel like petrol. The HEVs or hydrogen electric vehicles and the FCEVs or fuel cell electric vehicles use hydrogen as the main fuel source, which generates electricity through the process of electrolysis, that powers the vehicle.
Growth Drivers in Electric Vehicle Market
A major factor that is estimated to boost the global electric vehicle market is attributed to the introduction and integration of new technologies into these vehicles, like self-driving and artificial intelligence. The global sales of electric vehicles have grown significantly over the past few years, which led to the entrance of multiple companies into the sector, boosting innovation in the ecosystem. Multiple automotive companies have also introduced multiple electric vehicles to attract new customers, which offer better performance and integration of new technologies. In March 2024, Isuzu Motors Ltd., a Japanese automotive giant unveiled its latest all-electric or BEV pickup truck. The D-Max BEV pickup truck by the company is set to launch in Europe by 2025, and will also be launched in multiple countries, like Australia and Thailand.
Segmentation of the Electric Vehicle Market
The type segment of the global electric vehicle market is categorized into battery electric vehicle (BEV), hybrid electric vehicle, plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV). Under the type segment of the global electric vehicle market, the battery electric vehicle (BEV) category is estimated to attain a greater market share. The battery electric vehicle uses only electricity, stored in the battery of the vehicle to operate. The global demand for BEVs has grown significantly in the past few years, majorly due to the rising innovations in the segment. The International Energy Agency, in its global electric car stock report, stated that the stock of electric cars grew significantly compared to the PHEVs. The agency stated that in 2022, China’s BEV stock was recorded at 16.1 million, whereas the PHEV stock was recorded at only 5.8 million. In the same year, the BEV stock of the USA and Europe was recorded at 3.5 million and 6.7 million respectively, whereas the PHEV stock accounted for about 4.5 million in Europe and 1.3 million in the USA.
The global electric vehicle market, under the end-user segment, is categorized into public, private, and commercial. The private category of the end-user segment, in the global electric vehicle market is forecasted to attain a higher growth rate. The private category of the end-user segment includes the purchase of electric vehicles for private or residential uses by a user. In this category, the consumer uses the vehicles for their application and installs private charging infrastructure at their residence. The governments of multiple countries, like India, the USA, China, and the UK have introduced multiple subsidiary policies to boost the sales of electric vehicles under the private categories.
The global electric vehicle market, by charging point segment, is categorized into AC charging and DC charging. The DC charging category of the charging point segment is sure to gain a higher share, of the global electric vehicle market. The DC charging equipment is commonly used across multiple regions and offers easy usage and lower operation costs. The DC charger has the capability to directly feed the energy to the vehicle battery, unlike the AC charger, which requires a converter to convert the alternating current to the direct current. DC charging also offers a faster and more reliable charging experience to the users.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share in the global electric vehicle market. A key factor for the growth of the market in the Asia Pacific region can be majorly attributed to the rising production of electric vehicles in the region. The counties like China, Japan, Taiwan, and India in the Asia Pacific region are among the biggest producers of electric vehicles and their related technologies, across the globe. These countries have also introduced multiple policies and investment opportunities to further develop EV technology in the region, boosting the electric vehicle ecosystem. In the global production of EVs, China is among the biggest producers, producing about half of the global share. The International Energy Agency, in its global report, stated that the sales of electric vehicles in the Asia Pacific region witnessed massive growth, especially in China. The agency stated that in 2021, about 3.3 million electric vehicles were sold in China, whereas only about 2.3 million and 0.6 million electric vehicles were sold in Europe and the USA respectively. In 2022, the total sales of electric vehicles reached 6 million in China, which further increased to 8.1 million in 2023.
Key Players in the Electric Vehicle Market
As a part of the report, the major players operating in the electric vehicle market that have been covered are Tesla, Lucid Motors, Nissan, Volvo, Zoox, Inc., General Motors Company, Volta Trucks AB, Rivian Automotive, Inc, Nikola Corporation, Nio Inc., and Hyliion Holdings.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/global-electric-vehicle-market
This analytics report segments the global electric vehicle market as follows:
Emerging Trends in Baby Food: Plant-Based, Allergen-Free, and Functional Nutrition
BlogThe flourishing transformation of the baby food sector is mainly focused on the increasing demand for environment-friendly, clear, and healthy food choices, a shift in taste from parents, and the urges for health consciousness. Parents now want products that will nourish their newborn babies but also match their values of sustainability, quality, and safety as they become more concerned about the long-term health and developmental needs of their children. These improvements are enhancing nutritional science and widening awareness of diet sensitivity and allergy to mention a few things about the role of functional foods contributing to early child development.
Today’s Gen Z and millennial parents boast so much more information than ever before, and they are redefining the norms of baby food consumption as a result. They demand clean-label products that are free from allergens, nasty additives, and preservatives and made with clearly identifiable, natural ingredients. Add to this the growing popularity of plant-based diets for children and adults, and it’s easy to see how the development of such vegan and vegetarian baby food ranges has been stimulated. Allergen-free infant food is at the forefront of innovation while food allergies and intolerances gradually gain more awareness in the modern world.
Further, functional nutrition has also started developing new field concepts that are more than the provision of calories and nutrients. Functional baby food products have nutrient supplements, which develop immunity, cognitive functioning, and digestion that satisfy the specific needs of newborns attending critical growth periods. All these advances suggest moving away from traditional baby food for safer, healthier, and more ecologically viable futures.
Plant-based, allergy-free, and functional nutrition stand out as the three most vital innovation domains in this transformative ecosystem that will redefine the ways and models of feeding infants and create a strong platform for health and wellbeing. Moreover, increasing investments in healthcare have also increased the need for healthy baby food.
Investment in Health AI Startups, in USD Billions, United States
Source: American Healthcare Association
The Rise of Plant-Based Baby Food
Plant-based baby food is fast becoming a huge trend, with many adults adopting plant-based diets. These parents, many flexitarians, vegetarians, or vegans, are now looking for solutions that are congruent with their lifestyles and beliefs. Plant-based infant foods are very nutritious alternatives, being derived from fruits, vegetables, grains, and legumes and containing no animal-derived substances. Brands are now creating innovative formulations that focus on proper protein, iron, calcium, and vitamin content to address the longstanding concerns that plant diets are nutritionally inadequate. Chickpeas, lentils, quinoa, and fortified plant-based milk have already become standard ingredients in these products; nourishing them with the very macronutrients that support healthy growth and development.
It is further appealing to eco-conscious parents since plant-based baby food has a lesser carbon footprint as compared to animal-based alternatives. Sustainable plant-based ingredient production requires less energy, water, and land use, which makes it sustainable in climate change mitigation. Increasingly companies are capitalizing on such demands by providing minimally processed, organic, and non-GMO plant-based substitutes, available in recyclable or biodegradable packaging.
Allergen-Free Infant Food: Guaranteeing Security and Inclusion
There is a growing need for baby food that is free from allergens because incidences of food allergy among infants and children show a significant rise. Since these can trigger severe reactions in babies, most parents avoid traditional products that contain typical allergens like milk, eggs, soy, peanuts, and gluten. This has prompted manufacturers to formulate allergen-free products that do not contain these common allergens and still supply the same nutrition as possible.
To further ensure safety among parents, most of these related products label themselves as allergen-free. Moreover, due to improvements in food technology, brands can now employ different innovative alternatives to replace allergenic ingredients. Examples of these include rice and quinoa flour that will replace cereals and snacks that are gluten-free and alternative non-dairy options like coconut or oat milk. Further, the range of allergen-free products goes beyond puree forms to include different types such as finger foods, cereals, and teething biscuits to meet various dietary requirements.
Most companies also ensure that rigorous testing and quality control measures are put in place to prevent cross-contamination. The baby food industry strives to absorb a lot of light on openness and quality control for building trust in consumers and setting new food safety standards.
Functional Nutrition: Improving the Health of Infants
Functional nutrition is the future of infant food; it focuses on ingredients that have clinically proven benefits in addition to standard nourishing properties. Such united objectives function towards the achievement of parents concerning infant health, that is, to build immunity and digestion, to support cognitive development, and to enhance the overall wellness of the child. Superfoods have also been incorporated into baby foods, including spinach, kale, and blueberries, in addition to probiotics, prebiotics, and DHA (an omega-3 fatty acid).
Special baby food contains different classes of probiotics and prebiotics and is very popular because they ensure a healthy gut microbiota, both necessary for immunity and digestion. DHA is often derived from algae in plant-based products and is a key ingredient in many new baby brands since it is critical for the development of the brain and eyes. Other useful ones include antioxidants that fight inflammation and improve cells’ health, vitamin D for bone health, and iron for cognitive functions.
Functional baby foods also cover some particular problems like eczema, colic, and undernutrition. Some formulas also incorporate anti-inflammatory bioactives like ginger and turmeric for mild therapeutic effects in their compositions. As per the trend, increasing preventive health care and the importance of food for health throughout life go hand in hand with that.
The seamless integration of artificial intelligence in all areas of patient management is crucial for the progress of medical services. As the processing capabilities, data harvesting, and artificial intelligence techniques improve, predictive healthcare analytics will become more accurate, accessible, and inexpensive. If such an evolution is possible, then newer technology such as federated learning and quantum computing will help make this possible while ensuring data integrity and protection.
In conclusion, baby food is making a huge transformation in the market as plant-based, allergen-free, and functional nutrition for newborns comes to change the way parents feed their babies. Such trends lay new standards of quality, creativity, and inclusivity in the market and are being driven by environmental goals, safety considerations, and health consciousness. For parents of kids with dietary restrictions, allergen-free offerings are peace of mind; plant-based baby foods appeal to eco-conscious families; and functional nutrition provides specific health benefits to encourage optimal growth. These trends may indicate a time when infant food would be more safe and healthy, in line with the current needs and values of families.
Find some of our related studies:
Thyroid Function Test Market size worth US$1,797.005 million by 2030
Press ReleasesThe global thyroid function test market is expected to reach a value of US$1,797.005 million by 2030, growing at a CAGR of 2.70%. It is valued at US$979.259 million in 2025.
The thyroid function test or TFT is a process of quantitation of thyroid stimulating hormone (TSH) along with circulating thyroid hormones in serum, which assesses the functionality of the thyroid gland. The thyroid function test helps in diagnosing multiple conditions like hyperthyroidism, Graves’ disease, thyroid cancer, and Hashimoto’s disease among others. The increasing global cases of thyroid cancer are estimated to boost the global thyroid function test market during the forecasted timeline. The Macmillan Cancer Support, in its report, stated that in the UK, around 3,500 individuals are diagnosed each year.
Growth Drivers in Thyroid Function Test Market
With the increasing global cases of thyroid-related diseases across the globe, the demand for the thyroid function test market is expected to witness significant growth. Various global pharmaceutical and healthcare leaders across the globe have introduced key products and solutions for thyroid function tests. For instance, in February 2023, Parkway Laboratories, a global leader in accurate medical tests and analytical equipment, announced that the company had added Thyroid Screen in Pregnancy into its portfolio.
Segmentation of the Thyroid Function Test Market
The type segment of the thyroid function test market is categorized into thyroid stimulating hormone tests, T4 tests, T3 tests, and others. In the type segment of the global thyroid function test market, the thyroid stimulating hormone tests category is estimated to attain a greater market share during the forecasted timeline. Thyroid stimulating hormone tests or TSH are a type of thyroid function test, which helps in analyzing the functionality of the thyroid gland. The thyroid stimulating hormone tests help in detecting the level of hyperthyroidism and hypothyroidism in the blood of the individual. The test also helps in the condition of heart & digestive functions, and muscle control.
By indication, the thyroid function test market is segmented into hypothyroidism, hyperthyroidism, thyroid cancer, and others. The thyroid cancer category under the indication segment of the thyroid function test market is expected to grow significantly. The global cases of thyroid witnessed massive growth over the years. Thyroid cancer is among the most common types of cancer, prevalent across both genders. The American Cancer Society, in its report, stated that in the USA, the probability of thyroid cancer in males between the ages of 0 and 49 years was recorded at 1 in 457 total cancer cases, whereas in females in the same age group was recorded at 1 in 125 total cancer cases.
By end-users, the thyroid function test market is segmented into hospitals and clinics, diagnostic centers, and others. The diagnostic centers category in the global end-user segment of the thyroid function test market is expected to witness rapid growth. The diagnostic center is a type of medical facility, which offers diagnostic tests and procedures performed to diagnose multiple types of health conditions and diseases. The diagnostic centers also help by offering regular medical checkups and providing accurate diagnostic results.
Based on geography, the North American region is expected to witness significant growth in the global thyroid function test market. The North American region is among the most developed and technologically advanced in the healthcare sector, offering continuous investments in the sector. Various countries in the region, like the USA and Canada, have introduced key policies and investment schemes to boost the integration of new technologies into the pharmaceutical and healthcare sector, which is expected to boost the efficiency of thyroid function tests.
Key Players in the Thyroid Function Test Market
As a part of the report, the major players operating in the thyroid function test market that have been covered are Abbott, Randox Laboratories Ltd, bioMérieux SA, Thermo Fisher, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd., Siemens Healthineers, Qualigen Inc., Beckman Coulter, Inc., and Quidel Corporation.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/global-thyroid-function-test-market
Abbott Nutrition and Danone are the leaders in Dairy Blends Market as per the Knowledge Sourcing Intelligence
Thought ArticlesCompetitive Benchmarking
Leaders:
KSI VP Matrix
Knowledge Sourcing Intelligence Vendor Positioning Matrix
Follower:
Challenger:
Niche:
Used EV Market is expected to grow at a CAGR of 31.01%
Press ReleasesThe used EV market is expected to register a compound annual growth rate (CAGR) of 31.01% during the forecast period (2024-2029).
The used vehicle market refers to the privately or publicly owned marketplace, which deals with the purchase and sale of used vehicles. The used EV market is similar to the used vehicle market, but it only deals with the exchange of electric vehicles, which includes two-wheelers, commercial cars, passenger cars, trucks, and other types of electric vehicles. The global used vehicle market is an old concept, but the integration of EVs in this market is among the newer forms of the used car market. The demand for the used electric vehicle market is forecasted to witness significant growth, majorly with the increasing popularity of electric vehicles across the globe, and the higher cost of the newer electric vehicles.
Growth Drivers in the Used EV Market
With the growth of global demand for electric vehicles, the availability of used EVs increases across the world. Various companies and governmental organizations have introduced new strategies and programs to increase the sales of used EVs across the globe. For instance, the British Vehicle Rental & Leasing Association, or BVRLA, in September 2024 launched an initiative to increase the sales of used EVs in the nation. Through these initiatives, the associations aim to launch an information campaign to counter the negative myths related to used EVs and also support the standardized battery health certificates, which can reassure the buyers of the used EVs. The association also urges the government to launch a used EV plug-in grant and reduce VAT on used EVs by 50% for four years.
Segmentation of the Used EV Market
The type segment of the used EV market is categorized into two-wheeler, passenger vehicle, light commercial vehicle, and commercial vehicle. Under the types segment of the global used EV market, the passenger vehicle category is forecasted to propel at a greater growth rate. The passenger vehicle segment is the fastest-growing category in the global EV market, with governments across the globe introducing major policies and schemes to boost the sales of passenger vehicles in their nations. Similarly, in the global used vehicle market, the sale of passenger vehicles also occupies a greater share, as these vehicles offer optimum condition, and require lower maintenance.
The used EV market, under the fuel category segment, is categorized into BEV (battery electric vehicles), FCEV (fuel cell electric vehicle), HEV (hybrid electric vehicles), and PHEV (plug-in hybrid electric vehicles). The BEV or battery electric vehicle category, under the fuel category segment of the used EV market, is estimated to attain a greater share during the forecasted timeline. The global sales of battery electric vehicles or BEVs witnessed a significant increase across the globe. In the used EVs market globally, the demand for battery electric vehicles is expected to increase, majorly with the presence of various governmental incentives to boost the sales of BEVs in the global market.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share of the global used EV market. The Asia Pacific region is among the fastest-growing and biggest electric vehicle markets across the globe, with the sales and production of electric vehicles increasing constantly. Countries like India, China, Japan, and South Korea are among the biggest producers and consumers of electric vehicles across the globe, consuming about half of the total global production of electric vehicles. Similarly, the governments of these nations also introduced multiple policies and subsidy schemes, which are aimed at propelling the demand for electric vehicles in the region, increasing the size of the used electric vehicle market across the region. Furthermore, the Asian Pacific region also offers the fastest developing used car market, which is also expected to propel the sales of used EVs in the region.
Key Players in the Used EV Market
As a part of the report, the major players operating in the used EV market that have been covered are EV.com Inc., OLX, CarMax Enterprise Services, LLC, HERTZ CORPORATION., TrueCar, Inc., Recharged, VinFast, AutosEU, Cardino GmbH, Ali Baba, Cars24, and Find My Electric.
Access sample report or view details: https://www.knowledge-sourcing.com/report/used-ev-market
The used EV market is analyzed into the following segments:
AI in fashion market size worth US$9,925.913 million by 2029
Press ReleasesArtificial intelligence (AI) in the fashion market is expected to grow at a CAGR of 41.46% from US$1,752.205 million in 2024 to US$9,925.913 million by 2029.
The most profound technological breakthrough in the world today is artificial intelligence. Almost all industries integrate artificial intelligence in improving their production systems, extent of performance, and efficiency of operations, among many other things. For many years now, it has also been seen as a revolutionary factor in the fashion industry, becoming very relevant to actual use in the industry. Some of the functional areas benefiting from global AI in fashion include marketing, supply chain management, design, etc. Artificial Intelligence might relieve the access load as well. On the other hand, supply chain management is an effect of AI in the fashion industry, where the AI model trained in advance with the sales performance and inventory levels predicted future sales most accurately and made informed decisions regarding the inventory level.
Growth Drivers in Artificial Intelligence In Fashion Market:
AI can also recognize product characteristics through the mechanism of computer vision and predictive analytics. One of the other things AI does is help in analysing consumer patterns in search and returning the results based on what has been searched, such as colour, brand, size, trend, fashion, and the rest. The rise of AI in the world of fashion is due to the movement of the retail fashion industry and the increasing technology consumption.
Moreover, in the fashion industry, where artificial intelligence-enabled equipment is tightly integrated into the creative process, AI becomes an important product designer and developer. These highly advanced technologies optimize efficiency and spur innovation across the entire product lifecycle by streamlining and improving various design factors. These plan reductions include the significant application of AI in product design for optimizing patterns for material resource efficiency. Further, AI algorithms study the design specifications and material properties to have optimal patterns with the least waste and most resource consumption. These intelligent methods of pattering will help the designers save their time and effort on cost-reduced and sustainable environment targets without compromising the integrity of the design.
Segmentation of the Artificial Intelligence In Fashion Market:
By application, the Artificial Intelligence (AI) in fashion market is segmented into six major categories, deep design, trend forecasting, inventory management, return processing, customer support, and others. Artificial intelligence offers inventory management businesses intelligent algorithms and machine learning, quickly analyzing enormous amounts of information. Companies turn to AI to keep their stock levels optimal in response to consumption change patterns established by analyzing sales trends, consumer behaviour, and market conditions. Moreover, one of the greatest advantages to businesses implementing AI is the predictive analytics that it entails; projecting future demand using past data alongside real-time market insights. This would then empower companies to decide how to price and promote while also replenishing their supplies, therefore, minimizing waste, and stockouts, and maximising efficiencies.
AI-driven systems also automatically self-adjust for changes in the marketplace, resulting in better predictions with time, thus maintaining agility and competitiveness for businesses in dynamic environments.
Artificial Intelligence (AI) in fashion market by offering is segmented into software and services. The fashion industry is increasingly depending on cloud computing, which has great flexibility and adaptability to changing business needs, hence capturing a significant market share in the cloud segment. One of the major drivers of this growth in the segment of the cloud has been speeding up the different geographical areas’ digital transformations. Thus, fashion brands developing the need to build strong data security measures are among the factors driving the demand for cloud-based solutions that have enhanced security features and can comply with certain stringent government regulations. On the other hand, as to why most big fashion brands are adopting the cloud, it is considered more convenient in regulatory compliance. Guided platforms for cloud computing not only make compliance streamlined and ensured but also promise data safety and security standards fulfilled.
Artificial Intelligence (AI) in fashion market by technology is segmented into machine learning, robotic process automation, computer vision, and others. Artificial intelligence (AI) algorithms forecast future trends by analyzing historical data to determine what designs, colours, or styles will likely be in demand. This helps retailers and designers make proactive choices regarding product development and inventory. AI examines consumer preferences, behavior, and buying trends to determine what influences fashion decisions. Customizing product offerings and marketing strategies to better meet consumer expectations is made easier with the help of this data.
Based on geography, the North American region of the Artificial Intelligence (AI) in fashion market is growing significantly. This growth path is being propelled by two factors – early adoption of artificial intelligence into industrial applications and their advancements across vast sectors of technology. Similar developments are happening in countries like the USA and Canada, whose emerging fashion industry trends are becoming corners for growing demand for AI technology solutions. Sustainability, manufacturing productivity improvement, and sales optimization are some of the key industry imperatives that these technologies can greatly help support. Emerging AI solutions are becoming increasingly vital to the innovation and competitiveness of a fashion industry that is transforming in response to changing consumer preferences and market dynamics.
Key Players in the Artificial Intelligence In Fashion Market:
As a part of the report, the major players operating in the Artificial Intelligence (AI) in fashion market that have been covered are Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Koninklijke Philips N.V., Stylumia Intelligence Technology Pvt. Ltd., LALALAND, True Fit Corporation, Stitch Fix, Inc., ZMO.AI, and Zalando SE.
View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/ai-in-fashion-market
The market analytics report segments Artificial Intelligence (AI) in fashion market as follows: