Medical vacuum systems market to be fueled by high demand for suction equipment in the healthcare sector

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The medical vacuum systems market trends are expected to be rather transformative over the forecast years, driven by technological advancements as well as increasing adoption of medical vacuum pumps for effective patient care. Medical vacuum, in a hospital, facilitates suction and evacuation procedures to get rid of unwanted fluids and gases off laboratories and medical environments. Suctioning is an important part of patient care and in some cases a life-saving procedure. The vacuum created in the pump room aids a safer, cleaner, faster surgery and enables patients to breathe more easily.

U.S. Medical Vacuum Systems Market, By Product Type, 2018 & 2025 (USD Million)
U.S. Medical Vacuum Systems Market, By Product Type, 2018 & 2025 (USD Million)

The increasing prevalence of diseases that cause severe wounds will be a huge driver for the medical vacuum pump systems market in the coming years. Owing to the surging espousal of sedentary lifestyle and the rising obesity rates, cases of type 2 diabetes are estimated to increase across the world. Advanced stages of diabetes and some autoimmune diseases tend to cause wounds that barely heal, which will require treatments using medical vacuum pumps. Therefore, the increasing prevalence of chronic diseases will be a significant driver fueling medical vacuum systems market outlook.

An upsurge in the global obesity rate will also substantially fuel medical vacuum systems market. According to the World Population Review, the number of obese people in the world has reached approximately 2.1 billion, accounting for almost 30% of the global population. There are numerous health risks attached to obesity, which persuade obese individuals to pursue liposuction treatments. Products like medical vacuum pumps find excessive use in liposuction procedures, which will further proliferate market growth over the ensuing years.

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In terms of the product spectrum, the standalone vacuum systems segment is projected to accumulate major returns in the foreseeable years. Segmental development can be attributed to the burgeoning demand for oral surgeries for wisdom tooth removals, placing dental implants or fixing tooth loss or impacted tooth. The increasing pervasiveness of oral diseases will mainly drive growth for standalone medical vacuum systems market.

The imposition of strict mandates to regularize the use of medical vacuum system will also positively influence medical vacuum systems market share. Initiatives implemented by government bodies and healthcare organizations that encourage the use of medical vacuum systems in certain areas of a medical procedure will further contribute toward medical vacuum systems industry size.

Centralized vacuum system segment is also likely to depict considerable growth, attributable to its numerous benefits. Models like Advantage-D are completely oil-less, dry central vacuum systems for medical and surgical applications that need operating vacuum levels with atmosphere as high as 27 in. Hg. Moreover, oil-flooded medical central vacuum systems are compact and can be fitted through a 36” doorway. These advantages will favor the centralized medical vacuum systems demand in the coming years.

Effective growth strategies implemented by industry majors operating in the competitive spectrum would also favor market growth over the coming years. For example, Atlas Copco recently acquired Houston-based MGES Inc., which sells and completes installations of several types of equipment including vacuum systems. The acquisition will expand local support to healthcare and laboratory customers within the Texas area and possibly boost the adoption of medical vacuum systems.

Based on regional growth, North America medical vacuum market is estimated to witness a high CAGR between the years 2019 to 2025. Data by the U.S. Federal Government states that Americans spent $3.65 trillion on healthcare in 2018. Moreover, another report by Health Affairs projects an average growth rate of 5.5% in healthcare spending by 2027. A rise in the region’s healthcare expenditure could have a positive influence on the medical vacuum industry share. Also, the region boasts strong healthcare infrastructure and the presence of well-established healthcare centers and hospitals, which will further accelerate market growth.

Driven by the high prevalence of chronic ailments among its growing elderly population, the Asia Pacific medical vacuum systems market size is poised to garner commendable returns in the foreseeable years. Furthermore, the government aims to enhance healthcare infrastructure within nations like India and China, further boosting medical vacuum system demand in the Asia Pacific Region.

Increasing demand from hospital and healthcare institutions is constantly driving manufacturers to the edge of innovation. Companies like Busch are offering customized vacuum and air supply systems that not only meet safety requirements but also the technical and economic requirements of a medical center. The market is flooded with a range of centralized and decentralized medical vacuum systems for laboratories, hospitals, and dental clinics, while industry majors continue to explore, innovate, and launch new products, thus augmenting the business sphere.

According to the latest research report by Global Market Insights, Inc., medical vacuum systems market is anticipated to be worth more than $2 billion by 2025.

Author NameKrithika Krishnan

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Food and beverages sector to strengthen North America insulated packaging market outlook

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Driven by the expansion of food & beverages sector and the lucrative nature of the cosmetics industry, the North America insulated packaging market size is expected to increase commendably in the forthcoming years.

U.S. Insulated Packaging Market Size, By Material, 2018 & 2025, (Kilo Tons)

U.S. Insulated Packaging Market Size, By Material, 2018 & 2025, (Kilo Tons)

Designed to prevent damage to temperature-sensitive products like pharmaceuticals, foods, and cosmetics, insulated packaging commands a noticeable presence in several high-growth industries. The packaging materials’ ability to maintain an ideal storage environment for shipping or containing a variety of goods would be driving North America insulating packaging industry outlook in coming years.

According to the Packaging Machinery Manufacturers Institute (PMMI), the U.S. food packaging sector is forecast to witness a steady pace of growth over the forthcoming years. The country’s food-contact packaging sector is highly regulated by the Food and Drug Administration (FDA). With food being one of the most sensitive products to transfer and store, the regulations are expected to promote adoption of insulated packaging such as insulated food bags considerably.

PMMI anticipates that meat, meat-related products, processed snack foods, pet food, and food & vegetables would be the most innovative food & beverages industry segments in coming years. Among the aforementioned segments, snack foods, meat, and meat related products are anticipated to outperform others. This growth is being attributed to increasing consumer demand with respect to convenience options and portion control. In industry segments where food products need to be effectively packaged over long periods, these growing demands would open up new opportunities for North America insulated packaging industry players.

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Owing to environmental concerns, pet food and snack foods segments, which use conventional plastic packaging, are seeking new packaging solutions that are biodegradable and recyclable. The necessity for a recyclable, biodegradable, printable, and food-safe material could lead these segments to flexible insulated packaging for a solution, boosting insulated packaging market share further.

Meanwhile, North America insulated packaging market outlook is expected to become more favorable owing to the growth of the cosmetics industry. According to Forbes, today consumers, particularly women, are actively exploring and adopting new beauty trends. This is a part of a bigger generational transformation; wherein younger consumers are more willing to change their preferences.

Changing preferences are giving rise to the adoption of locally-produced, organic, natural or artisanal products, transforming product segments such as skincare. To keep up with this shift, popular beauty and skincare products no longer depend on synthetic ingredients.

In the category of clean, natural, and even food-standard beauty & skincare products, industry players are seeking out alternate means to extend the shelf-life of their products. The insulated packaging industry is expected to leverage its capabilities to address these cosmetics industry demands.

According to the L’Oréal 2018 annual report, skincare accounts for 39% of the cosmetics market in terms of product category. The global cosmetics industry recorded estimated sales of approximately €200 billion in 2018 with North America accounting for 25% of the industry by geographic zone.

North America’s integral contribution towards the growth of the cosmetics industry presents a lucrative growth opportunity to the insulated packaging industry. With cosmetics industry demands projected to grow steadily through non-synthetic products, the North America insulated packaging market share is slated record remarkable growth over forecast timeframe.

Overall, attributing to changing packaging demands in the food & beverages industry along with  shifting consumer preferences toward cosmetics products, insulated packaging adoption is slated to experience a sizable boost in coming years. A research report by Global Market Insights, Inc., estimates that the North America insulated packaging market valuation would surpass a valuation of $3 billion by 2025.

Author NameAkshay Kedari

Evolving automotive sector to impact hybrid fabrics market forecast over 2019-2025

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Global hybrid fabrics market share is witnessing a positive growth momentum owing to increased consumer proclivity towards light-weight and environment-friendly automotive components. The automotive manufacturing sector is growing rapidly towards making cars more intelligent with a viable option of fiber optic technology which is becoming a preferred choice for a variety of automotive application. With its distinct features, fibers have become a natural choice for various functional and aesthetic components in all types of vehicles, outlining hybrid fabrics industry trends.

U.S. hybrid fabrics market size, by end-user, 2014 – 2025 (USD Million)

U.S. hybrid fabrics market size, by end-user, 2014 - 2025 (USD Million)

Automobile companies are constantly pushing themselves to manufacture the lightest cars possible to augment the speed and efficiency. As industries demand materials with a higher strength to weight ratios, corrosion resistance, and efficient workability, the carbon fiber is presently the most discussed lightweight material because of its high potential for weight reduction in automobiles, but the high cost involved in producing its will leading manufacturers to opt for carbon-glass hybrids, which also provide favorable properties.

U.S. sales of hybrid electric vehicles represented around 36% of more than 11 million hybrids sold globally through April 2016. With the government’s focus on renewable energy, the automobile companies are emphasizing more on manufacturing hybrid and electric vehicles along with ensuring growing awareness among customers. As these vehicles require reliable, robust and lightweight components to help improve overall efficiency, increased sales of hybrids and full-electric cars will considerably bolster hybrid fabrics market outlook in the forthcoming years.

Technological developments and emerging policy actions could further enhance the value proposition for prospective electric vehicle buyers. Leading metropolitan EV markets tend to have public charging infrastructure, consumer subventions, and other incentives that would propel the need for electric vehicle manufacturing, further stimulating the expansion of hybrid fabrics industry over the projected timeframe. Reportedly, the highest selling hybrid electric vehicle in the U.S. was Toyota Prius, which had sold approximately 1,643,000 units since year 2000 through April 2016.

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Electric vehicles offer the potential to save significant costs and time. Lightweight fabrics have become the material of choice owing to their functionality and flexibility and have opened up several new spots for lightweight automotive manufacturing. They also allow for lower maintenance and repair costs, since carbon/glass hybrid fabric could be inexpensive as compared to carbon alone. The combination will also witness substantial demand for other applications and it was reported that the carbon/glass segment contributed nearly 30% of global hybrid fabrics market size in 2018.

With the rapid upsurge in the automobile technology, the hybrid fabrics are created from a broad variety of different fibers including combinations of carbon fiber and aramid fiber. Aramid fibers are used extensively, from passenger cars and light trucks to professional racing cars and also known for their high tensile strength. Apart from their resistance to abrasion and piercing, they also comprise high resistance to organic solvents and fire. The cost component of using aramid alone has advocated the need for hybrid materials that also helps to improve performance, safety, and durability of a broad range of automotive components.

Lately, various industry players like Solvay, Gurit, Hexcel Corporation, and BGF Industries Inc. are capitalizing on their R&D finesse to develop pioneering and innovative products, which can provide them an edge over the competition and also fetch lucrative profits. They are also looking to expand their presence through mergers and acquisitions. For instance, in 2016 the parent company of BGF Industries, Porcher Industries had announced the acquisition of Cordtech International which is specialized in the treatment and processing of industrial fibres for the car market.

Expanding production capabilities to meet the burgeoning demand for auto components is poised to boost hybrid fabrics industry trends over the coming years. The development of groundbreaking production technologies will undeniably create lucrative growth prospects for various hybrid fabric manufacturers. Reports suggest that owing to a wide application scope, which includes aerospace, energy, sports and defense sectors, global hybrid fabrics market is anticipated to surpass a valuation of USD 400 million by 2025.

Author NameDeeksha Pant

Strict food safety regulations to outline global low migration inks market trends

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Global low migration inks market trends are poised to witness considerable expansion due to changing consumer lifestyle and increase in working women population, which has led to higher consumption of packaged food and beverage products. Rising disposable income globally has fueled the demand for processed food and personal care products, positively influencing the growth of packaging sector worldwide. Safe packaging has become a prime focus of many health and safety agencies, impacting the development of inks meeting high safety standards.

U.S. Low Migration Inks Market size, By End-user Industry, 2014 – 2025 (USD Million)

U.S. Low Migration Inks Market size, By End-user Industry, 2014 - 2025 (USD Million)

Developing nations like China and India have witnessed a substantial growth in demand for packaged and on-the-go food products owing to the increase in industrial set up and a rise in employment. Heavy molecular weighted inks are used for packaging and labelling for several end-use industries such as F&B, personal care items, pharmaceuticals, tobacco and alcohol due to their properties to restrain the undesired ink from affecting the eatables. Some regulations define the use of ink such that there is no transfer of ink from the packaging onto the food, deteriorating the properties of packaged food and change the products’ composition.

Regulatory authorities have levied several restrictions on the usage of ink across the food and beverage sector, which is projected to reinforce low migration inks market share globally. For instance, FDA allows inks to be marketed based on certain functional barriers in order to prevent migration of ink components to food. Additionally, EU requires printing inks used in the food industry to comply with Good Manufacturing Practices (GMP) and Framework regulations in order to safeguard health of consumers.

Low migration inks in digital printing processes are used when complex and highly efficient printing is required on food packages and labels. Digital printing facilitates printing on varied range of substrates that enhance versatility over alternate printing methods. Additionally, digital printing reduces environmental footprint by eliminating substrate waste and works without VOC and pre – coats using UV inks. Digitally printed labels for alcohol bottles are widely used due to complex image printing needed on them. The digital printing process segment in low migration inks industry is expected to witness a robust CAGR of over 6.5% over the forecast period.

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Global revenue generated by pharmaceutical sector in 2018 accounted for more than USD 1204.8 billion. Printing inks in pharmaceutical applications must ensure drug safety and eliminate the potential risk of contamination of tablets or other solid dosage forms through direct or indirect contact with ink.

Additionally, to protect the labels used on medicines from being counterfeited, pharma industry needs to invest in brand protection measures such as raised images and micro texts, creating a need for advanced low migration inks. In terms of end-users, pharmaceutical sector is expected to comprise of 25% of the total low migration inks market share by 2025.

According to U.S. Food and Drug Administration, about 48 million people in the country are affected by foodborne diseases, some of which are caused due to the mixing of ink substance with the edibles. Regulatory authorities have laid down strict laws with respect to ink usage in order to facilitate human health and safety. Reportedly, the US F&B sector is expected to generate over USD 18.34 billion in 2019, with constant innovations being in food packaging.  The growing F&B sector coupled with rising safety concerns is amplifying North America low migration inks industry outlook.

Owing to increased adoption across the packaging applications on the account of obstructing undesirable transfer of ink onto the packaged items, which affects taste and raises safety concerns, low migration inks are becoming a common trend worldwide. Key players comprising the industry’s competitive dynamics include Toyo Inks, Flint Group, Sun Chemical Corporation and Huber Group among others. According to a report by Global Market Insights Inc., the low migration inks market size is projected to surpass USD 480 million by 2025.

Author NameShreshtha Dhatrak

Rise in bread consumption to bolster bakery processing equipment market share over 2019-2025

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Over the past few years, bakery processing equipment market trends have witnessed a steady transformation, owing to the increasing innovations in bakery products such as cookies, pies and crackers globally. Continuous changes in consumer lifestyles create a heavy demand for on-the-go food products, especially bakery items, driving the expansion of food processing businesses and fueling bakery processing equipment industry share over the forecast timeframe.

UK Bakery Processing Equipment Market Share, By Type, 2018 & 2025 (USD Million)

UK Bakery Processing Equipment Market, By Type, 2018 & 2025 (USD Million)

Sheeters and molders are amongst the most widely used bakery equipment tools owing to their capability to shape doughs of all sizes reliably and efficiently. Sheeters eliminate the process of physically kneading the dough, increasing the productivity. Additionally, the equipment enhances quality by providing precise thickness and flawless consistency to complex bakery products like croissants and certain pastries.

The use of dough sheeters will certainly aid in the growth of a bakery operations by facilitating fast, safe and highly reliable end products, further propelling bakery processing equipment industry outlook.

With the rising consumption of packaged food worldwide, the demand for frozen bakery products have also risen. In developing countries like India, where according to reports the processed food market accounts for 32% of the total food sector, manufacturing of frozen food products has accelerated considerably. A rise in demand for frozen food in other emerging economies will undoubtedly foster the demand for bakery supplies and equipment worldwide. Another key factor will be bread production, as the consumption of bread has gained momentum all over the world.

The American Bakers Association in collaboration with Grain Foods Foundation celebrates National Bread Month with an aim to educate consumers about the various health benefits associated with the consumption of grain foods. On the other hand, European Union is witnessing high consumption levels of bread.

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According to Federation of Bakers Ltd., the UK bread industry is valued at around 3.8 billion pounds annually, employing a large number of people to meet the growing supply across the nation. The average bread consumption in the region per year is around 50 kg per person. Amplifying demand for bread will positively influence bakery processing equipment market outlook.

In terms of geographical expansion, the fast-growing food & beverage sector in North America has contributed immensely towards boosting the remuneration scale of the global bakery processing equipment industry. There has been consistent adoption of highly advanced equipment to meet the massive bakery demand by leading food processing companies. According to reports, in 2018 the North America bakery processing equipment market share was estimated at USD 1.5 billion.

According to American Bakers Association, the baking industry in the U.S. has an economic impact of nearly USD 153 billion. The U.S. government has levied strict rules and regulations to ensure food safety across the country. The change in consumer pattern towards healthy food consumption has led to enhanced bakery products such as multigrain cookies, wheat bread, among several others. U.S. food safety association has set up separate departments to monitor the safety and quality of food. The growing demand for safe and innovative bakery products along with stringent safety norms will reinforce North America bakery processing equipment industry size.

Bakery processing equipment demand, in essence, is driven by the growing consumption for processed food worldwide. Evolving eating habits especially in the developing nations where more women are now working has surged the sales of packaged food and frozen bakery products.

Innovations in the bakery processes have led to the development of highly advanced bakery supplies, equipment, tools and techniques to simplify the production along with meeting the overwhelming demand. According to a report by Global Market Insights Inc., global bakery processing equipment market size is expected to surpass USD 11 billion by 2025.

Author NameShreshtha Dhatrak

China to emerge as a major regional ground for containerboard market

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Demand for high performance, strength and environment friendly packaging is anticipated to help expand the containerboard market share. Containerboards are made out of recycled fiber which means that they have reduced carbon footprint. Using recycled fiber with virgin fiber for production reduces water use and effluent flow in mills.

U.S. Containerboard Market, By FMCG Application, 2018 & 2025, (Kilo Tons)

U.S. Containerboard Market, By FMCG Application, 2018 & 2025, (Kilo Tons)

Besides being ecofriendly, containerboards are feather light which reduces shipping costs for ecommerce companies. Containerboards are used for their robustness, lightweight and mechanical stability, factors attracting attention from ecommerce industry. Increasing demand of ecofriendly, light and strong packaging material is expected to assist the transformation of the global containerboard market outlook. Estimates claim containerboard industry size to surpass USD 250 billion by 2025.

Ecofriendly characteristic of containerboards is anticipated to fuel containerboard market trends. Many countries are taking significant to reduce carbon footprint by promoting the use of ecofriendly materials. Countries like China are striving to maintain environmental balance by increasing the use of containerboards mainly made up of recycled fiber.

In the year 2017, Chinese containerboard production reached 45 million tons, almost all of which was made out of recycled fiber. Nearly 15 million tons of old corrugated containerboard was imported which accounted for one-third of the 45 million tons of final production.

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Between 2019 and 2021, China plans to build a new capacity of approximately 10 million tons, all intending to use recycled fiber as furnish. Furthermore, there are projects which may exceed capacity of 8 million tons. These projects are planned but not confirmed yet. One supposition is that China, if all projects are accomplished, strives to largely remain self-sufficient in the supply of containerboard. Like China, the U.S., India, Vietnam and many other countries are also focusing on ideal materials for packaging and will contribute to increase growth rate of containerboard industry.

Seemingly, there is a significant cooperation from the Chinese companies to achieve aforesaid targets and expand their market share. For instance, a Chinese containerboard manufacturing company Nine Dragon Paper Holdings Limited has signed a MoU with the Indian state of Maharashtra to provide around $630 million to establish a paper- and board-producing mill in the state.

This is an initial step by the company to expand its footprint in India. Nine Dragon will reportedly invest up to INR 45 billion ($634 million) to build the facility. India containerboard market is indicating expansion in market share and is projected to reach 3 billion square meters from agricultural application as containers for vegetable and fruit packaging require anti-bacterial qualities.

Nine Dragon currently has more than 15 million metric tons of paper- and board-making capacity focusing on containerboard and other packaging grade. The strategic expansions of containerboard companies will help to drive the growth graph of containerboard industry.

Worldwide containerboard demand is expected to surge continuously as a result of economic expansion and e-commerce trade growth. Apart from China, Vietnam is yet another APAC country that will help boost the containerboard market growth.

The demand of containerboard in Vietnam is increasing at a steady pace and surpasses that of Indonesia, Thailand and other countries. It is further anticipated that in the first half of the 2020, Vietnam will be the leading ASEAN countries in terms of containerboard utilization propelling steady growth of the containerboard market over the forecast period.

A Japanese company recently announced the establishment of a containerboard manufacturing and packaging material sales business in Vietnam. The company has gained overseas containerboard market knowledge from its businesses in Japan and now has plans to expand its footprint in rapidly growing market of Vietnam. It will support industrial development in Vietnam by manufacturing containerboard with resource saving operations and energy saving technology acquired in Japan.

Companies toiling to expand their businesses overseas is one of the major reasons that will significantly impact containerboard market growth globally. A huge range of applications of containerboards in FMCG, pharmaceuticals, ecommerce, industries, agriculture, etc., is attracting containerboard industry players to invest consistently in new product development. Government mandates for environmental conservation will also act as a major driver propelling the expansion of containerboard market size over 2019-2025.

Author NameAnchal Solanki

Growing automobile sector to bolster adsorption equipment market forecast over 2019-2025

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Increasing awareness with respect to volatile organic compound emission (VOC) has propelled adsorption equipment market share, along with the need to maintain indoor air quality standards across varied industrial segments. Symptoms of nausea, difficulty in breathing, irritation in nose, eyes and throat are some of the indicators of excess exposure to VOC caused to humans. These conditions can usually be observed in manufacturing, printing and furniture operations worldwide, presenting a massive need for countering these emissions.

U.S. Adsorption Equipment Market Share, By Application, 2014 – 2025 (USD Million)

U.S. Adsorption Equipment Market Share, By Application, 2014 - 2025 (USD Million)

Booming automobile sector across developed and developing nations has strengthened the adsorption industry size. Paints used in the automotive industry emit high levels of xylene, acetic acid, butyl ester and ethyl acetate either during intermediate, top coating and baking process of automobile parts. The growing automobile industry in India, which had witnessed a 9.5% increase in sales to reach 4.02 million units in the year 2017. Widespread application across the auto manufacturing sector will evidently create a substantial demand for controlling VOC emission from paints, magnifying global adsorption equipment industry outlook.

Disposable or rechargeable canisters segment accounts for a substantial share of adsorption equipment utilized worldwide, and is expected to surpass USD 65 million in revenues over the forecast period. These canisters are widely used in the water purification process. According to a report by United Nations, by 2030 over 700 million people globally could be displaced owing to intense water scarcity.

Existence of water pollution in terms of organic pollutants let out by domestic sewage, agricultural wastewater and industrial wastes has added to increase in toxic waste in water. Toxic pollutants can lead to severe environmental issues and can prove to be extremely hazardous to living beings. Adsorption equipment market size will expand notably while becoming an integral part of wastewater management techniques.

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R&D in the field of vapor adsorption equipment has enhanced the overall industry scope remarkably. For instance, the development of Brayton cycle heat pump that facilitates VOC recycling and recovery has magnified the deployment of adsorption equipment, invariably driving the industry trends. Vapor phase segment in adsorption equipment industry is anticipated to hold a significant share, registering a steady CAGR of around 2.5% from 2019 to 2025.

Owing to the rising automobile sector coupled with stringent regulations related to VOC emissions. the use of adsorbers in the automotive sector has accelerated. Reportedly, the gross turnover generated by the auto sector in EU represents 7% of its GDP. Moreover, governments have introduced an Integrated Pollution Prevention and Control Directive (IPPC) that requires all new installations to comply with its standards in order to control air, water and environmental pollution. The proliferation of automobile, electronics, water treatment and printing sectors in the region will positive steer Europe adsorption equipment market outlook.

Demand for adsorption equipment is clearly driven by the growing need for industries to preserve environmental, water and air quality. With expanding industrial establishments across the globe, governments and other regulatory authorities are discovering the need to control the VOC emissions in order to protect the future of economies. Simultaneously, increasing innovations in the adsorption equipment sphere to suited varied industrial applications is providing impetus to global adsorption equipment industry.

Emissions are an inevitable part of many crucial sectors such as automobile, painting, printing, water treatment, among others, in order to adhere to the government rules and regulations and to contribute to the growing CSR activities by the companies. Several key players offering critical adsorption equipment include Tigg LLC, Monroe Environmental Corp, Munters Corporation and Eisenmann SE, as well as several others. Global Market Insights Inc. has estimated that global adsorption equipment market share will exceed annual valuations of USD 340 million by 2025.

Author NameShreshtha Dhatrak