October 06, 2020: The global e-cigarette and vape market size is expected to reach USD 67.31 billion by 2027, registering a revenue-based CAGR of 23.8% from 2020 to 2027, according to a new study conducted by Radiant Insights, Inc. The growing awareness regarding consuming safe, smokeless, and ashless tobacco is expected to propel the growth. Furthermore, vaping is considered to be an effective method to quit smoking, as it is less toxic and creates vapor instead of smoke. The adoption of vaping devices is expected to increase, particularly among individuals willing to quit smoking or willing to smoke merely for recreation. Launch of new and innovative vaping devices, such as introduction of IQOS MESH, a puff-activated heating and a low-liquid level detection system, is also anticipated to foster the product adoption.
Rising concerns over conventional cigarettes among various age groups has boosted the demand for e-cigarettes. Several E-liquid flavors have also been launched in the market to cater to the changing preferences of individuals, thereby stimulating the market growth. However, e-cigarettes are often compared to conventional cigarettes owing to the nicotine content, which is considered harmful to health and hence they tend to attract criticism, a factor that is expected to restrain the market growth.
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Several agencies have been calling for setting standards for vaping devices in order to encourage people to opt for a safer alternative to smoking. Long-term studies undertaken by various medical associations have helped determine that e-cigarettes can be considered as a safer substitute to conventional cigarettes. However, several countries, such as India, Singapore, and Uruguay, among others have banned the sale and distribution of e-cigarettes, hindering the adoption of these products.
Major tobacco companies control a large share of the global e-cigarette & vape market. These players have forayed into the e-cigarette space with new and innovative products under their brand name. On the other hand, there also exist various smaller players that develop efficient vapor products. Moreover, market incumbents are also investing in innovation and new product development.
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Further key findings from the study suggest:
• Modular device is expected to emerge as the fastest-growing segment, registering a CAGR of 25.2% from 2020 to 2027. The sub-segment would continue to grow as modular devices allow their users to adjust the vapor output according to their preference
• E-liquid segment is expected to register the highest CAGR over the forecast period, driven by the growing popularity of DIY e-liquid
• Online platform is anticipated to emerge as a popular medium for the sale of vapor products. Vendors are using social media applications, such as Instagram and Facebook to promote their vaping devices
• North America accounted for the largest market share, in terms of revenue in 2019 and is expected to maintain its dominance over the forecast period. It is home to prominent players, such as JUUL Labs, Inc.; Altria Group, Inc.; and Philip Morris International Inc. which hold a significant market share
• Key market players include Altria Group, Inc.; British American Tobacco; Imperial Brands; International Vapor Group; Japan Tobacco, International; NicQuid; JUUL Labs, Inc.; Philip Morris International, Inc.; R.J. Reynolds Vapor Company; Nicquid; Shenzhen IVPS Technology Co., Ltd.; and Shenzhen KangerTech Technology Co., Ltd.
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The global Excipients Market is estimated to reach US$ 6.9 billion by 2025 and is anticipated to grow with a CAGR of 6.02% throughout the forecast period.
Also, exclusively used in the manufacturing process for handling the active substance like facilitating powder flowability.Access Sample Report of this report @ https://www.millioninsights.com/industry-reports/excipients-market/request-sampleThe factors that are playing a major role in the growth of excipients industry are the rising reach of generic medicines, the high demand for newer excipients, the developing generics market, and the rising demand from end-users.
However, the rising regulatory stringency and the high cost & time-consuming process may restrain the overall market in the years to come.
Excipients market is segmented based on product type, formulation, and region.Gelatin, polymers, minerals, alcohols, and sugars are the product types that could be explored in excipients industry in the forecast period.
Polymers sector comprises acrylic polymers, MCC, polyethylene glycol, HPMC, sodium starch glycolate, ethyl cellulose, and others.
Whereas, alcohols sector comprises mannitol, glycerin, sorbitol, propylene glycol, and others.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/hospital-information-systems-his-market/request-sample Market Synopsis of Hospital Information Systems Market: It also helps the physicians in tracking a patients’ past record and progress in the treatment.
Bills from various departments are consolidated into one and therefore leading to customer satisfaction.
Medical institutions have been able to process the overall cash flows at a centralized level with precision and without any delays.
Such centralized cash flow management reduces the possibilities of fraud and financial data fabrication.
HIS has helped to fasten the administrative process with high accuracy which includes placing orders, bookings and payment.
Doctors can easily access patient’s information, laboratory results and previous prescriptions.
"The need to safeguard corporate data is driving the encryption software market"By 2024, the global Encryption Software Market size is estimated to reach USD 8,402.9 million, which is growing at a CAGR of more than 14% over the forecast period.
These trends have further caused cyber-attacks, thefts, data breaches and commercial espionage which will drive the demand for protective software.Developments in the terms of hardware and software in the fields of mobile technology and their increased penetration are further estimated to fuel the demand over the forecast period.
The inclination of firms towards cloud computing, demand for sensitive data protection, high data volume requirements has led to increase in the demand of encryption software.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/encryption-software-marketVerticals such as BFSI and healthcare are required to comply with stringent regulations set by authorities such as the PCI, HIPPA and DSS who have formulated data security solutions which has led to application of security solutions all over the world.
Intellectual properties of enterprises and users have become prone to infringement and theft on account of increase in usage of internet and rapid digitization.
These risks make companies implement the security solutions.
Protection provided to the sensitive data and intellectual properties of enterprises is expected to drive the market over the next few years.However implementation of such solutions which are fairly expensive can cause challenges in the fields of budgets.
17 February 2020 - The global Hospital Information Systems (HIS) Market is expected to be valued at USD 39.7 billion by 2025.
Hospital information system (HIS) is designed to fulfill the administrational needs of medical centers.
Various sections of a medical center which include laboratories, finance departments, and general administration are integrated through enterprise architecture.
It also helps the physicians in tracking a patients’ past record and progress in the treatment.
A Physician needs to collate all the information for further diagnosis.
Bills from various departments are consolidated into one and therefore leading to customer satisfaction.
