Regenerative Medicine Market | Increasing Prevalence of Chronic Diseases to Boost the Market Growth

The global regenerative medicine market size is poised to grow by USD 9.55 billion during 2020-2024, progressing at a CAGR of over 20% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Regenerative Medicine Market 2020-2024 (Graphic: Business Wire)

The increasing prevalence of various chronic diseases is one of the primary factors which will drive regenerative medicine market growth during the forecast period. The incidence of many musculoskeletal disorders and bone injuries such as arthritis, osteoporosis, and severe limb trauma injuries requiring hospitalization is also increasing. Regenerative medicine opens the possibility of overcoming previously untreatable diseases using new treatment methods like processed cells for reconstructing tissues. It has the unique capability of altering the fundamental mechanisms of disease and also helps in reducing healthcare costs by eliminating the need for long-term hospitalization or drug regimes. This is leading to the increased adoption of regenerative medicine for the treatment of chronic diseases.

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Report Highlights:

  • The major regenerative medicine market growth came from the cell and tissue-based segment. Cell therapy is used to administer living cells into an individual’s body to restore the functioning of the diseased or damaged body organ. This therapy uses somatic cells and stem cells, such as embryonic stem cells, progenitor cells, hematopoietic stem cells, and mesenchymal stem cells.

  • North America had the largest regenerative medicine market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing prevalence of chronic and acute diseases, the rapidly rising aging population, and high awareness about regenerative therapies will significantly influence regenerative medicine market growth in this region.

  • The global regenerative medicine market is fragmented. Allergan Plc, Amgen Inc., Hitachi Chemical Co. Ltd., Integra LifeSciences Holdings Corp., Medtronic Plc, MiMedx Group Inc., Organogenesis Holdings Inc., Smith & Nephew Plc, Takeda Pharmaceutical Co. Ltd., and Zimmer Biomet Holdings Inc. are some of the major market participants. To help clients improve their market position, this regenerative medicine market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global regenerative medicine market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Increasing Number of Clinical Trials

Fitness App Market will Showcase Positive Impact during 2020-2024 | Increasing Demand for Wearable Devices to Boost the Market Growth

Technavio has been monitoring the fitness app market and it is poised to grow by USD 1.68 bn during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Fitness App Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. adidas AG, ASICS Digital Inc., Azumio Inc., BetterME., FitNow Inc., Google LLC, Nike Inc., Samsung Electronics Co. Ltd., Under Armour Inc., and YAZIO GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing demand for wearable devices has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Fitness App Market 2020-2024: Segmentation

Fitness App Market is segmented as below:

  • Gender

  • Application

    • Lifestyle Monitoring

    • Health Monitoring

    • Others

  • Geographic Landscape

    • APAC

    • North America

    • Europe

    • South America

    • MEA

Fitness App Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fitness app market report covers the following areas:

This study identifies proliferation of a variety of fitness apps as one of the prime reasons driving the fitness app market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Fitness App Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist fitness app market growth during the next five years

  • Estimation of the fitness app market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the fitness app market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of

Pain-numbing effect of virus may boost its spread

A new study that researchers conducted in animal models suggests that SARS-CoV-2, the virus that causes COVID-19, may deactivate a pain signaling pathway. This could explain why so many cases of the infection do not cause any symptoms, promoting viral transmission.

Estimates vary widely, but according to the Centers for Disease Control and Prevention’s (CDC) current best estimates, 40% of people with COVID-19 may experience no symptoms.

These people may carry on with their daily activities as usual, without necessarily realizing that they have contracted the virus. This may cause them to spread it unintentionally. For this reason, some scientists refer to people without symptoms as “silent spreaders.”

The CDC also estimate that up to 50% of all SARS-CoV-2 transmission occurs before the onset of symptoms.

One recent study provides a possible explanation for asymptomatic cases and the lack of symptoms early in the course of more serious infections.

SARS-CoV-2 gains entry to its host cells via a receptor in their outer membrane called ACE2. The spike proteins that give the coronavirus its characteristic crown-like appearance latch onto these receptors.

However, the virus can also invade cells when its spikes bind to another membrane receptor called neuropilin.

This receptor’s usual binding partner is called vascular endothelial growth factor A (VEGF-A), which, among other things, promotes the growth of blood vessels.

Crucially, when VEGF-A binds to neuropilin, it also stimulates a pain signaling pathway in the nervous system.

Researchers at the University of Arizona in Tucson have now discovered that the spike protein of SARS-CoV-2 blocks these pain pathways when it locks onto neuropilin.

This suggests that the virus numbs the pain of infection, possibly to the extent that people feel few, if any, symptoms early in the disease.

The findings of this study appear in the journal Pain.

“It made a lot of sense to me that perhaps the reason for the unrelenting spread of COVID-19 is that in the early stages, you’re walking around all fine as if nothing is wrong because your pain has been suppressed,” says corresponding study author Rajesh Khanna, a professor in the Department of Pharmacology at the University of Arizona College of Medicine.

“You have the virus, but you don’t feel bad because your pain is gone,” he adds. “If we can prove that this pain relief is what is causing COVID-19 to spread further, that’s of enormous value.”

Using cell cultures grown in the laboratory, the scientists showed that when VEGF-A binds to neuropilin in the membranes of rat sensory nerve cells, their firing rate increases.

When the researchers added spike proteins from SARS-CoV-2 to the culture medium, it prevented VEGF-A from stimulating the nerve cells.

Next, they demonstrated that injecting rats with VEGF-A increased the animals pain sensitivity. However, when they added the viral spike protein to the injected solution, the rats’ pain sensitivity remained at normal levels.

Breast Biopsy Device Market| Growing Prevalence of Breast Cancer Cases to Boost the Market Growth

The global breast biopsy device market size is poised to grow by USD 504.94 million during 2020-2024, progressing at a CAGR of about 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Breast Biopsy Devices Market 2020-2024 (Graphic: Business Wire)

The rising incidence rate of breast cancer has been providing significant business growth opportunities to market vendors. Prominent vendors in the market are focusing on expanding their product portfolios and obtaining approvals for their offerings. They have been leveraging various platforms such as conferences to gain exposure and increase awareness about breast cancer. Furthermore, various governments and private organizations are providing funding and grants to vendors to create innovative products with technologically advanced solutions to detect breast cancer at early stages. These factors will significantly contribute to the market growth over the forecast period.

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Report Highlights:

  • The major breast biopsy device market growth came from the biopsy needles and systems segment. Breast biopsy needles are primarily used for collecting breast tissue from the suspicious areas of the breast during a breast biopsy. Needle biopsies are majorly performed as minimally invasive biopsy procedures for a better assessment of breast cancer in an outpatient setting. The need for highly skilled operators to handle imaging modalities and the reduced technical complexities of this method are driving the demand for breast biopsy needles for the extraction of normal tissues for biopsy.

  • North America was the largest breast biopsy devices market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. High technology adoption among the healthcare sector, increasing healthcare expenditure, the prevalence of breast cancer, and awareness among patients about mammograms that helps to identify breast cancer incidence will significantly drive breast biopsy devices market growth in this region over the forecast period.

  • The global breast biopsy device market is concentrated. Argon Medical Devices Inc., Becton, Dickinson and Co., Carestream Health Inc., Danaher Corp., FUJIFILM Holdings Corp., General Electric Co., Hologic Inc., Planmed Oy, Scion Medical Technologies LLC, and Siemens Healthineers AG are some of the major market participants. To help clients improve their market position, this breast biopsy device market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the breast biopsy device market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we reevaluate the impact on businesses and update our report forecasts.

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Allergy Immunotherapies Market – Actionable Research on COVID-19 | Increasing Prevalence of Allergies to Boost the Market Growth

The global allergy immunotherapies market size is poised to grow by USD 626.77 million during 2020-2024, progressing at a CAGR of about 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Allergy Immunotherapies Market 2020-2024 (Graphic: Business Wire).

The increasing prevalence of allergies is driving the need for allergy immunotherapies. Allergies are regarded as one of the most common ailments, affecting more than 500 million people around the world. The rising incidence of allergy is triggered by factors such as the growing pollution and increased consumption of tobacco products like cigarettes. Moreover, a large portion of people are affected multiple times due to the non-remissive nature of the allergy. The huge unmet need for allergy treatment globally has led to various vendors conducting research on novel therapies, resulting in advances in the field of immunology therapeutics for allergies.

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Report Highlights:

  • The major allergy immunotherapies market growth came from SCIT segment. It was the largest product segment of the allergy immunotherapies market in 2019, mainly because of the high efficiency for the treatment of various respiratory allergies. Additionally, SCITs are administered in simple and standardized doses, and they result in long-lasting symptom relief. Thus, contributing to the growth of the market in focus.

  • Europe had the largest allergy immunotherapies market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high prevalence of allergies will significantly influence allergy immunotherapies market growth in this region.

  • The global allergy immunotherapies market is concentrated. Aimmune Therapeutics Inc., ALK-Abelló AS, Allergy Therapeutics Plc, ASIT Biotech SA, DBV Technologies SA, HAL Allergy BV, Jubilant Life Sciences Ltd., Laboratorios LETI SLU, Merck KGaA, and Stallergenes Greer Plc. are some of the major market participants. To help clients improve their market position, this allergy immunotherapies market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global allergy immunotherapies market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/report/allergy-immunotherapies-market-industry-analysis

Presence of a Strong Pipeline for Allergy Immunotherapy and the Estimated New Approvals will be a Key Market Trend

The strong efficacy and relatively higher safety of allergy immunotherapies combined with a strong prevalence of various allergies create an attractive opportunity for the market players. Hence, several pharmaceutical and biotechnology

Rapid COVID Testing Coming To Airport Near You, XpresCheck Test Could Boost Air Travel

KEY POINTS

  • XpresCheck rapid COVID tests began at JFK and Liberty airports Wednesday
  • The company hopes to expand nationwide
  • The test delivers results in 13 minutes

The airline industry, devastated by the coronavirus pandemic, is about to get a boost: Health and wellness company XpresSpa Group Inc. began conducting rapid COVID-19 testing at Kennedy International Airport in New York and Newark Liberty Airport in New Jersey, with plans to expand the program nationwide.

With the pandemic still raging across the United States, Americans have been reluctant to get on airplanes, with the total number of passengers averaging about 25% of last year’s levels.

More than 7.5 million Americans have been infected by the coronavirus and more than 211,000 have died from COVID-19.

Though the virus doesn’t spread easily on flights because of air circulation systems, the Centers for Disease Control and Prevention warns exposure to people in close quarters and frequently touched services put travelers at increased risk. The CDC estimated last month 11,000 people potentially had been exposed to the virus on flights.

XpresSpa began performing its ExpresCheck rapid COVID-19 tests Wednesday, expanding its polymerase chain reaction and blood antibody testing programs.

“We believe rapid COVID-19 testing at airports can play a major role in slowing the virus spread and decreasing the risk of new community outbreaks linked to travel as cases continue to rise throughout many states,” XpresSpa CEO Doug Satzman said in a press release.

He added: “Having a rapid test inside the airport immediately upon travel could also eliminate the need for a full 14-day quarantine in states where that applies.”

The tests would be voluntary for both travelers and airport workers. The company currently is focusing on airline employees and those who are showing COVID-like symptoms.

The test uses Abbott’s portable rapid molecular ID Now COVID test, which delivers results in 13 minutes. The test, however, has yet to gain full Food and Drug Administration approval although it has been cleared for emergency use, and has been criticized for false negatives, which are possible until an infection has reached its height and depending on how the test is performed.

Even with rapid COVID-19 tests available, travelers would still need to wear masks and practice social distancing.

Source Article

Cottonseed Oil Market – Actionable Research on COVID-19 | Use of Cottonseed Oil by End-users to Boost the Market Growth

The global cottonseed oil market size is poised to grow by 782.02 K tons during 2020-2024, progressing at a CAGR of almost 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Cottonseed Oil Market 2020-2024 (Graphic: Business Wire)

Cottonseed oil has a high smoke point and a neutral taste and is used for deep frying and baking. Cottonseed oil is also a significant ingredient in whipped toppings, margarine, shortenings, spreads, and icings due to its ability to form a beta prime crystal, which enables a consistent texture and appearance. Cottonseed oil is also used for various applications in the cosmetic industry and products such as soaps, cosmetics, and detergents. The increased usage of cottonseed oil across various industries will be one of the major factors that will fuel the growth of this global market.

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Report Highlights:

  • The major cottonseed oil market growth came from GM cottonseed oil segment. This segment accounted for the largest market share in 2019. However, due to factors such as the increasing concern among the consumers about the harmful effects of GM cottonseed oil, the forecast period will witness a decrease in the segment’s cottonseed oil market share.

  • APAC was the largest cottonseed oil market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing use of biodiesel will significantly drive cottonseed oil market growth in this region over the forecast period.

  • The global cottonseed oil market is fragmented. Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., Henry Lamotte Oils GmbH, ITOCHU Corp., Marico Ltd., PYCO Industries, Ruchi Soya Industries Ltd., Vimal Oil & Foods Ltd., and Wilmar International Ltd. are some of the major market participants. To help clients improve their market position, this cottonseed oil market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global cottonseed oil market 2020-2024 is expected to have Positive and Superior. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/report/cottonseed-oil-market-industry-analysis

Growing Popularity of Organic Cottonseed Oil will be a Key Market Trend

The growing popularity of organic cottonseed oil is one of the key cottonseed oil market trends that will influence market growth. There is an increasing awareness among consumers about the benefits of organic food, and this is resulting in the increased consumption of

Home Fitness Equipment Market – Actionable Research on COVID-19 | Increasing Awareness about Fitness to Boost the Market Growth

The global home fitness equipment market size is poised to grow by USD 657.43 million during 2020-2024, progressing at a CAGR of over 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Home Fitness Equipment Market 2020-2024 (Graphic: Business Wire)

The increased awareness about the importance of health and fitness as one of the primary growth factors for this market. Consumers are increasingly becoming aware of the importance of exercising and the availability of new and advanced equipment. To increase customer awareness, vendors in the market have started using interactive videos and pages on social media channels to provide guidance directly from the experts. Fitness professionals provide a variety of fitness services such as workout routines, workout calculators, and training tips to a variety of people with varying levels of fitness. The increasing initiatives taken by vendors to educate people about fitness will significantly contribute to the growth of the home fitness equipment market size.

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Report Highlights:

  • The major home fitness equipment market growth came from offline distribution channel segment. The steady rise in the number of stores that offer home fitness equipment is a major factor driving the growth of the offline segment. These stores often have customer-care professionals to offer advice on the benefits of the equipment, which is a major reason why people prefer these stores.

  • North America was the largest home fitness equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of a large population that is health-conscious and able to afford home fitness equipment will significantly drive home fitness equipment market growth in this region over the forecast period.

  • The global home fitness equipment market is fragmented. Amer Sports Corp., Core Health & Fitness LLC, Dyaco International Inc., Icon Health & Fitness Inc., Impulse (Qingdao) Health Tech Co. Ltd., Johnson Health Tech Inc., Life fitness, Nautilus Inc., TECHNOGYM Spa, and Tunturi New Fitness BV. are some of the major market participants. To help clients improve their market position, this home fitness equipment market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global home fitness equipment market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/report/home-fitness-equipment-market-industry-analysis

Rise in Preventive Healthcare will be a

LSD Microdosing to Boost Attention: Too Soon to Tell?

Microdosing with lysergic acid diethylamide (LSD) is associated with improved mood and increased attention, early research suggests. However, at least one expert believes it’s far too soon to tell and warns against endorsing patient microdosing.

In a dose-finding exploratory study, three low doses of LSD were compared with placebo in healthy volunteers who were all recreational drug users. Adjusted results showed that the highest dose boosted attention and mood, although participants were aware of psychedelic effects, prompting researchers to conclude the results demonstrated “selective, beneficial effects.”

“The majority of participants have improved attention,” study investigator Nadia Hutten, PhD, Department of Neuropsychology and Psychopharmacology, Maastricht University, the Netherlands, told Medscape Medical News.

“So we think that patients with attention deficits might have more beneficial effects,” she added, noting her team plans to study LSD microdosing in patients with attention deficit hyperactivity disorder.

The study was presented at the 33rd European College of Neuropsychopharmacology (ECNP) Congress, which was held online this year because of the COVID-19 pandemic.

Growing Interest

Over the past 10 years there has been growing interest in psychedelic microdosing, which is defined as a dose that aims to enhance mood and/or performance but does not affect perception.

However, there has been considerable debate over what constitutes a “microdose.” One tenth of a “full” psychedelic dose is typically suggested, but users report a much wider dose range in practice, suggesting potential “individual variation in response to low doses,” the researchers note.

In the current dose-finding study, the researchers explored whether the effects of LSD on cognition and subjective measures differed between individuals.

The study included 24 healthy recreational drug users and compared the acute effects of 5 µg, 20 µg, and 20 µg LSD with placebo on a computer-based psychomotor vigilance task (PVT) that measured attention and on a Digit Symbol Substitution Test (DSST).

Participants also completed the 72-item Profile of Mood States (POMS) questionnaire, a visual analog scale (VAS) on mood, and the 94-item 5-Dimensional Altered States of Consciousness Rating scales (5D-ASC).

Unadjusted results showed that the 20 µg LSD dose significantly reduced correct substitutions on the DSST vs placebo (P < .05), but had no effect on attentional lapses on the PCT or on positive mood on the POMS.

Correcting the DSST score for the number of total responses revealed no dose effect of LSD. This suggested that participants were no less accurate when under the influence of LSD, even though they encoded fewer digits, the researchers note.

Participants also reported that both the 10 µg and 20 µg dose of LSD increased subjective experiences on the VAS and alternated states of consciousness on the 5D-ASC compared with placebo.

After stratifying the results by dose and participant, the effect of LSD differed between individuals. For example, both the 5 µg and 20 µg doses were associated with improvement in attention on the PVT (P < .05), but not the 10 µg dose.

These results also indicated that the 20 mg dose was associated with a

Language Services Market – Actionable Research on COVID-19|Globalization of Businesses to Boost Market Growth

The global language services market size is poised to grow by USD 9.72 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Language Services Market 2020-2024 (Graphic: Business Wire)

Corporate organizations across the world are focusing on expanding their business by entering new markets. The expansion plans of companies have created the demand for individuals who are proficient in translating content into local languages. Moreover, the rise in the number of M&A activities has led companies to invest in developing in-house language services functionalities. Furthermore, companies expanding their businesses globally must comply with several regional regulations, which requires the translation of documents to regional languages. Therefore, the globalization of businesses is expected to fuel the growth of the global language services market during the forecast period.

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Report Highlights:

  • The major language services market growth came from the healthcare segment in 2019. This is due to the surge in patent filings by existing and new organizations, regional expansion of businesses, increased outsourcing by drug manufacturers and clinical research companies, and the rising demand for localization services.

  • APAC was the largest market for language services in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the growth of the IT sector in the region.

  • The global language services market is fragmented. Atlas Language Service Inc., Globe language Services Inc., Lionbridge Technologies Inc., RWS Holdings Plc, SDL Plc, Semantix International AB, Summa Linguae Technologies, Teleperformance SE, TransPerfect Global Inc., and Welocalize Inc. are some of the major market participants. To help clients improve their market position, this language services market forecast report provides a detailed analysis of the market leaders.

  • As the business impact of COVID-19 spreads, the global language services market 2020-2024 is expected to have neutral. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/language-services-market-industry-analysis

Increased government spending on language services will be a Key Market Trend

Governments across the world are making significant investments to mainstream the adoption of language translation and interpretation services. For instance, in 2017, the National Health Service in the UK invested about USD 134.7 million on vendors that offer face-to-face interpretation, OPI, document translation, and one-stop-shop translation. Similarly, the Government of Scotland has awarded about USD 15.60 million contract for interpreting,