Velvet Ice Cream Voluntarily Recalls Raspberry Fudge Cordial Ice Cream Due to Undeclared Peanuts

COMPANY ANNOUNCEMENT

When a company announces a recall, market withdrawal, or safety alert, the FDA posts the company’s announcement as a public service. FDA does not endorse either the product or the company.

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Summary

Company Announcement Date:
September 13, 2021
FDA Publish Date:
September 14, 2021
Product Type:
Food & Beverages

Reason for Announcement:

Recall Reason Description

May contain undeclared peanuts

Company Name:
Velvet Ice Cream
Brand Name:
Product Description:

Product Description

Raspberry Fudge Cordial Ice Cream


Company Announcement

Velvet Ice Cream has issued a voluntary recall of its 56oz Raspberry Fudge Cordial Ice Cream because it may contain undeclared peanuts. People who have an allergy or severe sensitivity to peanuts could experience a serious or life-threatening allergic reaction if they consume this product.

The impacted product was distributed to retail stores in Ohio, Kentucky, Indiana and West Virginia starting in late July with a production date of July 14, 2021. The affected product can be identified by UPC 0-7068210049-7 and the following codes printed on the bottom of the carton: A2 19521 26-012 and To date, there are no reported illnesses associated with this recall.

Velvet was notified of the issue by a single customer and has since learned that the cause of the error has been traced to a third-party manufacturer packaging error. One carton has been affected at the time of this release. Velvet Ice Cream is committed to the safety of its products and is conducting this recall in full cooperation with the Food and Drug Administration.

Customers who have purchased the affected product should dispose of it immediately or return it to the retailer where it was purchased. Customers with additional questions related to this announcement can call 800-589-5000, Monday through Friday from 8am-4:30pm (EST).

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Company Contact Information



Source: EIN Presswire

Commercial Boiler Market to Garner $2.8 Billion at CAGR of 4.2% by 2030

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Commercial Boiler Market by Fuel Type, Technology, Capacity, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030

PORTLAND, OREGON, UNITED STATES, September 14, 2021 /EINPresswire.com/ — Global commercial boiler market size was valued at $1.9 billion in 2020, and is projected to reach $2.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. A commercial boiler is a durable and dependable piece of heating equipment. It has a number of advantages, including energy efficiency, cleaner operations, and compliance with environmental regulations. Product adoption is expected to increase in the next years by a shift in preference toward reliable and energy efficient systems, as well as rise in customer demand for inexpensive heating solutions.

Surge in emphasis on reducing greenhouse gas (GHG) emissions, as well as the enactment and strengthening of emission limits, are some of the major drivers driving the demand for energy efficient commercial boilers. Governments and investors are constantly focusing on the deployment of energy efficient equipment and the creation of commercial infrastructure that is both economically and environmentally sustainable. For example, the European Commission (EC) launched a Voluntary Reporting Framework Level(s) in 2017 to increase building sustainability.

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The global commercial boiler market is segmented into fuel type, technology, capacity, end user, and region. By fuel type, the commercial boiler market is divided into oil, natural gas, coal, and others. Natural gas consumption has increased in comparison to other fuels as a result of the government's priority of natural gas, which has resulted in a rise in demand for natural gas in commercial boilers.

By technology, the non-condensing commercial boiler market is anticipated to witness robust growth subject to government mandates to reduce the greenhouse gas emissions.

By capacity, the market is divided into less than 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and more than 250 MMBtu/hr. The less than 10 MMBtu/hr segment held the largest market share in 2020. These products are widely deployed across offices, retail stores, healthcare and lodging for heating applications.

By end user, the commercial boiler market for hospitals is anticipated to witness a strong growth on account of growing demand for hot water for sterilization of medical instruments, sheets and for space heating.

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The commercial boiler market in the Europe is projected to be driven by a growing preference for environmentally friendly energy products, which is in line with legislation aimed at reducing carbon emissions.

The major companies profiled in this commercial boiler industry include
• A.O. Smith Corporation
• Bosch Thermotechnology
• Cochran Limited
• Cleaver-Brooks
• Fulton Boiler Company
• Parker Boiler
• Slant/Fin Corporation
• Superior Boiler Works, Inc.
• Vaillant Group
• Weil-McLain

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Impact Of COVID-19 On The Global Commercial Boiler Market
• Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, Norway, and others. Many industries have been shut down due to lack of raw material availability and disruptions in the supply chain, owing to the virus outbreak. The worldwide lockdown has suspended the activities of educational institutions and lodging and many other sectors, which results in declining the demand for commercial boiler.
• Gaps in demand-supply, price volatility, and changes in government policy affect the growth of various end-use industries. In terms of its immediate and long-term effect on industry and consumers, the COVID-19 pandemic has outpaced any headwind ever encountered. The world economy of commercial boiler industries has been experiencing a rapid slowdown due to the constraints of the COVID-19 pandemic on economic activity.
• Governments around the world enacted stringent lockdowns, forcing the closure of a variety of residential and commercial infrastructure projects. This has had a direct impact on the expansion of a number of industries, including the residential boiler sector.

David Correa
Allied Analytics LLP
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Source: EIN Presswire

Work to Begin Monday to Narrow Lanes Near Nitro-St. Albans Bridge

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CHARLESTON, WV – Contractors plan to start work the evening of Monday, Sept. 13, 2021, to narrow eastbound and westbound traffic lanes on Interstate 64 in the construction zone near the Nitro-St. Albans Bridge.

Eastbound lanes on the interstate will be narrowed to 11 feet for about one mile in the construction zone, while westbound lanes will be narrowed to 11 feet for about three miles. Narrow lanes will be in place through the fall as contractors prepare to widen I-64 from four to six lanes.

Work to paint new lane striping and install signage will begin the evening of Monday, Sept. 13, and continue for several days. Contractors expect to install barrier walls next week.
 
Contractors also plan to blast Wednesday, Sept. 15, Thursday, Sept. 16, and Friday, Sept. 17 as site work continues on new entrance and exit ramps near the Nitro-St. Albans Bridge. The new interchanges are part of a widening project for both I-64 and for the bridge.
 
Blasting is scheduled at 12:30 p.m. Wednesday, Thursday, and Friday.
 
With the assistance of local law enforcement, contractors will temporarily slow traffic on both I-64 eastbound and westbound five to 10 minutes prior to the blast, and temporarily hold traffic at the I-64 eastbound/westbound on-ramps at the St. Albans Interchange (Exit 44) (WV817 area), and the I-64 westbound on-ramp at the Nitro Interchange (Exit 45) (WV25 area). Traffic will return to normal once blasting is complete.
 
The bridge upgrade is part of a $224.4 million project under Gov. Jim Justice’s Roads to Prosperity construction program to widen Interstate 64 to six lanes from Nitro to the US 35 interchange at Scott Depot. West Virginia Division of Highways plans to build a new bridge beside the existing Nitro-St. Albans Bridge to carry westbound traffic, then build a new bridge on the site of the existing structure using a portion of the existing bridge piers to carry eastbound traffic.​​


Source: EIN Presswire

Heat Transfer Fluid Market worth USD 6.82 billion by 2028, registering a CAGR of 5.87% – Report by Market Research Future (MRFR)

New York, Sept. 14, 2021 (GLOBE NEWSWIRE) — Heat Transfer Fluid Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Heat Transfer Fluid Market Research Report, Information by Type (Mineral Oils, Silicones & Aromatics, Glycols), End-Use industries (Oil & gas, Chemicals & Processing, Renewable energy, Pharmaceuticals, Food & Beverage, Automotive)– Forecast till 2028” the market size is projected to be worth USD 6.82 billion by 2028, registering a CAGR of 5.87% during the forecast period (2021 – 2028), The market was valued at USD 3.41 billion in 2021.

Key Players

The major players in the global heat transfer fluid industry profiled are –

  • DOW (U.S)
  • Exxonmobil (U.S)
  • Huntsman Corporation (U.S)
  • Chevron (U.S)
  • Paratherm (U.S)
  • BASF (Germany)
  • Lanxess (Germany)
  • and Global Heat Transfer Ltd. (Canada). Schultz Canada Chemicals Ltd. (Canada)
  • Royal Dutch Shell plc (Netherlands)
  • Phillips 66 (U.S)
  • Arkema (France)
  • Radco Industries (U.S)
  • others.


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Several Factors Contributing to Market Growth

Heat transfer fluids are fluids that carry heat from thermal systems to heat storage tanks. The performance of heat transfer fluids is crucial in assessing the effectiveness of an operation since an ideal heat transfer fluid would result in reduced operational costs. Heat transfer fluids, particularly in industries, are created by flowing through and around a certain device or piece of equipment, preventing it from overheating. Heat transfer fluids are critical in applications that operate at high temperatures.

The market is primarily driven by rising development in emerging markets, particularly in the Asia Pacific area, where there is an increase in chemical processing, automobile manufacturing, and renewable energy generation. In addition, there is a greater requirement to maintain temperatures in end-use sectors, which can lead to improved process effectiveness and lower operating costs. The market is constrained by rigorous laws governing heat transfer fluids due to serious environmental and safety concerns.


Browse In-depth Market Research Report (187 pages) on Heat Transfer Fluid

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COVID-19 to have Temporary Impact on the Global Market

COVID-19’s spread has altered the entire scenario. The pandemic’s emergence has resulted in reduced activity in refineries around the world, resulting in supply shortages for a variety of end-use sectors. Furthermore, the drop in oil and gas prices and demand during the pandemic has had a substantial impact on the oil and gas industry and, as a result, the growth of the heat transfer fluids market. The drop in supply and demand for oil and gas as a result of the COVID-19 pandemic has also interrupted onshore and offshore production operations, particularly in North America and Europe, which is anticipated to impede the growth of the heat transfer fluids market. The halting of new solar power projects, as well as the halting of ongoing ones, are also impeding the market growth.

The resumption of solar power project installation and the expansion of the chemical and processing industries following the pandemic is expected to drive market growth in the Asia Pacific region, which is currently leading the market and is expected to maintain its dominance over the forecast period. Furthermore, the expansion of industrial production processes in North America and Europe is expected to drive the heat transfer fluids market. The future stabilization of the oil and gas industry is also expected to enhance the market growth.


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Market Segmentation

The global heat transfer fluid market has been classified on the basis of type and end-use industry.

On the basis of type, the global heat transfer fluid market has been classified into mineral oils, silicones, aromatics, glycols, and nanofluids. Mineral oils are increasingly employed in manufacturing operations, pharmaceutical and chemical applications, refrigeration, CSP generation, and geothermal energy applications. This is projected to stimulate demand for heat transfer fluids based on mineral oil. Silicone and aromatics demand, on the other hand, will be driven by extensive use in industries with extremely high temperatures, such as chemical and plastic processing.

On the basis of application, the global heat transfer fluid market has been segmented into oil & gas, chemicals & processing, renewable energy, pharmaceuticals, food and beverage, and automotive applications.

Regional Analysis

APAC to Lead the Global Market

The Asia Pacific region is likely to lead the market due to increased installations of solar power projects such as CSP as well as a growing chemical and processing industry. With rising population and increased demand for energy from renewable sources, the heat transfer fluid market in these countries is projected to be pushed by these demands.

Segmentation of Market covered in the research:

Heat Transfer Fluid Market Research Report: Information by Type (Mineral Oils, Silicones & Aromatics, Glycols), End-Use industries (Oil & gas, Chemicals & Processing, Renewable energy, Pharmaceuticals, Food & Beverage, Automotive)– Forecast till 2028


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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Source: EIN Presswire

Compass Carbon, LLC partners with Carbon Assets 1, LLC

Our strategic partnership will be of great value to landowners interested in developing forest carbon offset or mine methane projects via a joint venture or selling their lands outright to us.”

— Kurt Kaiser

VERO BEACH, FL, UNITED STATES, September 14, 2021 /EINPresswire.com/ — Compass Carbon, LLC and Carbon Assets 1, LLC have announced today that the companies have entered into a strategic partnership that brings together two companies with similar visions and complementary skill sets.

Compass Carbon is a carbon offset project developer and technology company whose partners have over 35 years of combined carbon market and project development experience. The company is focused primarily on large-scale, Improved Forest Management projects.

Carbon Assets 1 is a real estate holding company with a focus on finance and acquisition of timbered lands suitable for carbon offset projects. Together the two companies have the express purpose of developing compliance and voluntary carbon offset projects.

“Our strategic partnership will be of great value to landowners interested in developing forest carbon offset or mine methane projects via a joint venture or selling their lands outright to us, if a sale better meets the landowner's needs” said Kurt Kaiser, a Compass Carbon partner.

“We are delighted to have established a partnership with Compass Carbon. This is an excellent opportunity for Carbon Assets to rapidly expand our Improved Forest Management footprint while utilizing Compass Carbon’s industry expertise and groundbreaking Syntaq technology,” said Ralph Cioffi, CEO of Carbon Assets 1.

Compass Carbon, LLC is a carbon sequestration project developer and technology company focused primarily on large-scale, Improved Forest Management projects. Compass partners with clients to develop turn-key carbon sequestration programs that have environmental, social and financial benefits.

Carbon Assets 1, LLC is a real estate holding company with a focus on the finance and acquisition of timbered lands suitable for carbon offset projects.

Kurt Kaiser
Compass Carbon, LLC
email us here


Source: EIN Presswire

Modern Family Law Expands to Texas with New Office in Austin

Managing Attorney, Marie McGrath

New Austin firm focuses on today’s modern families – solving family challenges through unique, empathetic solutions

AUSTIN, TEXAS, USA, September 14, 2021 /EINPresswire.com/ — Modern Family Law, a firm focused on a uniquely compassionate approach to family resolution, is proud to announce the opening of their new family law office in Austin, Texas. Lead counsel, Marie McGrath, brings 30 years of experience along with a new model and legal mentality – one created to foster comfort and support during one of the most challenging times in clients’ lives, rather than escalating conflict for additional billable hours.

The new Modern Family Office is located conveniently near Mopac and Highway 183 at the Atrium Office Center. The team of experienced attorneys genuinely understand Austin and the issues of the community. They are already helping dozens of local families with the unique challenges facing today’s modern family, such as COVID measures, child tax credits, grandparents’ rights and new LGBTQ+ family law issues.

Managing attorney Marie McGrath brings an uncommon perspective to the practice of family law. She has an MBA in finance and more than 30 years of professional and legal experience. She also has a JD from the University of Houston and has worked for Fortune 500 companies as well as startups. Marie’s broad experience allows an evolved vantage point. Her passion is helping people through the emerging issues facing today’s modern family, which often requires a novel approach.

“We want to celebrate Austin families as well as help them through their toughest times,” said McGrath. “Our goal is to get families through their challenges as easily and quickly as possible. We work to reduce conflict and increase an equitable solution that gives all parties the best chance on a fresh start.”
Families have changed a lot over the years and require strong advocates – those that understand both the challenges these changes have created inside the family structure and the continually updating laws that govern them.

For more information on what makes Modern Family Law unique or additional details on working with the firm, please visit https://www.modernfamilylaw.com/our-locations/austin/
###

About Modern Family Law
Family Law is what we do all day, every day. Our lawyers, learn it, master it, and practice it. Our whole team is built around the idea of helping clients successfully come through their family law case with the best shot at a fresh start. Modern Family Law has offices in Austin, Colorado Springs, Denver, Fort Collins, Oakland, Palo Alto and San Jose.

Nicolia Wiles
PRIME|PR
+1 512-698-7373
email us here


Source: EIN Presswire

TensorIoT Appoints Advisory Board Director

Peter Jackson, TensorIoT Advisory Board Director

TensorIoT Announces Creation of Advisory Board

IRVINE, CA, UNITED STATES, September 14, 2021 /EINPresswire.com/ — TensorIoT, a global provider of intelligent edge and cloud computing services, today announced that they have welcomed a new Director of their advisory board, Peter Jackson. TensorIoT is working hard to make commitments to change both inside and outside of the organization.

“TensorIoT has an exceptional reputation in the industry for providing companies advanced technology consulting services,” said Jackson. “I look forward to helping the company build on this strong foundation as it scales into other industries, services and products.”

Peter Jackson is the current SVP of New Product Development and IT at Rehrig Pacific Company. After graduating with his masters from Stanford University, Jackson has worked globally with world class companies such as Bell Labs, UPS, Kids II and AutomationDirect and in a range of industries from logistics, consumer products, factory automation, and robotics. In addition to Product Development and R&D, Jackson has executive leadership experience in Business Development, Marketing, Brand Management, and global Manufacturing.

About TensorIoT, Inc.: TensorIoT is an AWS Advanced Consulting Partner that has achieved the AWS IoT Competency, AWS Machine Learning Competency, AWS Industrial IoT Competency, AWS Machine Learning Operations Competency, AWS Applied AI Competency, AWS Retail Competency and AWS Travel & Hospitality Competency designations. The company also has multiple AWS Service Delivery credentials for AWS IoT services. Founded by a former AWS employee, TensorIoT has delivered successful projects across the world in the IoT & ML space and has offices in the U.S. (California, Washington, Nevada, Texas, Virginia, Florida), the UK, and India. TensorIoT is customer obsessed and practices the AWS leadership principles. With their deep experience delivering complete end-to-end solutions, from edge devices to end users in IoT, or data engineering to automated ML pipeline, the TensorIoT team of AWS certified architects can quickly assist customers in realizing their technology and business goals.

Destinee Alderete
TensorIoT
email us here


Source: EIN Presswire

My Legal Einstein announces Legal AI language support for Asian languages, including Chinese, Korean, and Japanese

My Legal Einstein supports Asian languages - Chinese, Korean, and Japanese

My Legal Einstein supports Asian languages – Chinese, Korean, and Japanese

My Legal Einstein expands Legal AI to Asian languages, enabling attorneys to translate contracts and compare contracts across different languages.

The legally, culturally and linguistically diverse map of Asia presents unique challenges to establishing cross-border use of legal technologies. ALITA is pleased to see My Legal Einstein.”

— Josh Lee Kok Thong

PALO ALTO, CA, UNITED STATES, September 14, 2021 /EINPresswire.com/ — My Legal Einstein, the AI-powered Contract Execution Platform software provider, today announced expanded Asian language support with native support for Legal AI for Chinese, Korean, and Japanese contract documents. This allows users to process contract language in different languages and compare them based on legal topics.

My Legal Einstein is committed to supporting Legal AI capabilities across the major international languages, enabling the interpretation and comparison of legal text across contracts from different languages. This recent language support extends the support of languages supported to include English, French, German, Spanish, Italian, Portuguese, Chinese, Korean and Japanese.

My Legal Einstein now offers comprehensive Legal AI capabilities across multiple languages, supporting the ability to topically analyze legal contracts and perform side-by-side comparisons of legal topics across contracts, corporate playbooks, and clause libraries.

“My Legal Einstein’s multi-languages support is critical to extending our global footprint as well as support the contract requirements for large multi-national corporations and large law firms. It demonstrates our commitment to accelerating contract execution by lowering barriers to international contract review and execution.”, said Jim Chiang, Founder and CEO of My Legal Einstein.

 "The legally, culturally and linguistically diverse map of Asia presents unique challenges to establishing cross-border use of legal technologies. ALITA is pleased to see My Legal Einstein, as part of the Asia-Pacific legal innovation community, offer solutions in reducing barriers to collaboration across the region.", said Josh Lee Kok Thong, Chairmen, Asia-Pacific Legal Innovation and Technology Association (ALITA).

For more information about My Legal Einstein AI applications, visit www.mylegaleinstein.com.

About My Legal Einstein (MLE)

My Legal Einstein, Inc. (MLE) is a software technology company headquartered in Palo Alto, CA that delivers the leading AI-powered Contract Execution Platform for the review, collaboration, negotiation, and execution of legal contracts.  The Contract Execution Platform is available by subscription and enterprise license and does not require implementation services. MLE is used by corporate attorneys, business owners, outside counsel, finance teams, and law firms.

About ALITA
 
ALITA is a regional legal technology association uniting the Asia-Pacific with a single purpose: to drive collaboration in legal innovation and technology in the region. With a membership base of 200 member organizations including top global law firms, legal technology companies, in-house departments of leading companies, research institutions, public institutions and civic society groups, ALITA is young but increasingly prominent rallying force for the Asia-Pacific legal technology industry. To learn more, please visit https://alita.legal.

Jim Chiang
My Legal Einstein, Inc.
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Source: EIN Presswire

IDERA’s ER/Studio Data Modeling Tools Adds Integration with Collibra Data Governance

IDERA announced the latest release of ER/Studio that integrates with Collibra’s Data Governance solution

AUSTIN, TEXAS, USA, September 14, 2021 /EINPresswire.com/ — IDERA (an Idera, Inc. company) announced the latest release of ER/Studio that integrates with Collibra’s Data Governance solution. This release further strengthens the connection between data architecture and data governance, differentiating ER/Studio from other data modeling tools in the market.

Combining ER/Studio with Collibra enables the automatic exchange and pooling of knowledge among data architects and data stewards:

● Data architects and stewards can synchronize business terms from ER/Studio with the business glossary in Collibra.

● Data stewards can upload logical and physical models from ER/Studio to Collibra, with ER/Studio mapping business terms.

● Data architects can send business terms from ER/Studio to Collibra, enabling data stewards to evaluate and approve the terms. Data architects can then revise the business glossary in ER/Studio with additions, updates, and deletions.

● Data stewards can also synchronize business terms in Collibra to ER/Studio’s repository, allowing data architects to use the business terms in ER/Studio to classify logical and physical modeling artifacts.

“Integrating ER/Studio with Collibra joins data architecture with data governance to form a united data ecosystem across the entire organization,” said Jamie Knowles, senior product manager at IDERA. “This enables organizations to leverage the value of their data and deploy it as a strategic asset.”

The unified data ecosystem has three focal points:

1. The business glossary that data stewards use to define an organization’s information and the associated data governance rules.

2. The logical data models that data architects use to design data assets.

3. The physical data models that data stewards use to understand the contents of data assets and map to business terms. Data architects use these physical models for detailed data asset design.

Collibra is a recognized leader in data cataloging, metadata management, and data privacy. Collibra accelerates trusted business outcomes by connecting the right data, insights, and algorithms for all data citizens.

ER/Studio is the leading business-driven data architecture solution. This toolset combines data modeling, business process modeling, and enterprise metadata for data platforms and for organizations of all sizes.

Learn more about ER/Studio by visiting https://www.idera.com/er-studio-enterprise-architecture-solutions.

About IDERA

IDERA provides database tools that help Information Technology professionals improve the quality and performance of data, and protect the integrity of data across complex environments. A community of over 100,000 users in healthcare, financial services, retail, technology, and other industries relies on products from IDERA. IDERA’s products allow the users to optimize business data and take advantage of new business opportunities. IDERA is a division of Idera, Inc. Learn more about IDERA by visiting https://www.idera.com.

Justina Lister
IDERA Database Tools
justina.lister@idera.com
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Source: EIN Presswire

Neonatal and Fetal (Labor & Delivery) Care Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2027

Reports And Data

Reports And Data

Growing number of neonatal intensive care unit admissions, increasing number of hospital acquired infections among babies

NEW YORK , NEW YORK, UNITED STATES, September 14, 2021 /EINPresswire.com/ — According to the current analysis of Reports and Data, the global Neonatal and Fetal (Labor & Delivery) Care Market was valued at USD 6.74 billion in 2019 and is expected to reach USD 10.33 billion by the year 2027, at a CAGR of 5.5%. Maternity care and infant safety are top healthcare priorities in developed as well as developing nations. With technological and infrastructural advancements in healthcare across the globe, the market for fetal and infant healthcare is on rise. The efficacy of the neonatal products & services is a crucial factor for the safety during childbirth. According to WHO, globally every year more than one out of seven births (20 million babies worldwide) are born with low birthweight.

With increasing government investment in healthcare and growing consolidation among the healthcare providers, and resource sharing, quality healthcare services for neonatal & fetal care is becoming more feasible. The rise in the demand for the purpose of medical diagnosis, preferably in the first trimester of pregnancy, is contributing towards the increase in advanced products for assessment process such as advanced ultrasound procedures and fetal magnetic resonance imaging (MRI) tests. The market has great potential for the neonatal products that facilitates faster decision making and helps in delivering more effective patient care in the Neonatal Intensive Care Unit and emergency department of hospitals & clinics.

Proper neonatal care is of utmost significance to overcome the risk of Hospital Acquired Infections. Maternal and infant care is a matter of global priority and receives financial support from non-profit organizations such as the UNICEF (United Nations International Children Emergency Funds) and the United Nations Foundation. According to the UNICEF and the World Health Organization (WHO), nearly 30 million sick and premature new-borns need specialized care to survive. Factors such as the growing number of NICU and increasing awareness about neonatal and fetal care in developing regions is expected to increase the adoption rate of fetal and neonatal healthcare during the period of forecast. The NICU are well equipped with advanced technology and trained healthcare professionals. Consequently, key market players are focused on providing products & services for rapid diagnostics, enhanced medical imaging quality, and products with increased safety, efficacy & reliability for neonatal and maternal care.

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Some of the prominent players in the Fetal (Labor & Delivery) and Neonatal care equipment are

GE Healthcare (U.K.), Philips Healthcare (Netherlands), Drägerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), and Masimo Corporation (U.S.)

Market Overview:

The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.

The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.

The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Fetal (Labor & Delivery) And Neonatal Care market in these key regions.

Further key findings from the report suggest-

• Childbirth related complications related mortality remains a huge challenge in the field of healthcare across developed as well as developing nations. Consequently, efficient fetal and neonatal healthcare plan is required in the hospitals and clinics. In line with this several public and nonprofit organizations are focused on healthcare infrastructure development and increase in awareness about neonatal care. For instance, in October 2019, International Global Health Initiative launched its Nest360° program that will focus on new technology, training and infrastructure to reduce the newborn deaths

• The market players are engaged in various inorganic growth strategies such as partnerships, agreements, collaborations and contracts with various hospitals, pharmacies and healthcare providers, for capturing market and enhance the quality of the products & services provided to their customers.

• Key market players are focused towards technological advancements in field of neonatal & fetal care, and enhance their product offerings. For instance, In September 2019, Philips developed its Augmented Infant Resuscitator (AIR) an add-on device for its neonatal bag-valve-mask resuscitators, used for resuscitation of asphyxiated newborn babies

• Accelerating rate of hospital acquired infections and the growing need for neonatal intensive care units for specialized care, is propelling the growth of the market. For instance, according to U.S. Department of Health & Human Services, one out of 31 hospital patients in U.S. suffer from at least one hospital acquired infections.

• Incubators product segment held the largest market share in 2019 and is expected to register a CAGR of 5.3% during the forecast period. Factors such as high susceptibility of neonates towards infection, conditions such as hypothermia, intracranial hemorrhage, and underdeveloped organs (digestive tract, lungs, immune system, and skin) are among the key factors supporting the adoption of incubators for neonatal care.

• Rising investments for healthcare infrastructure development in emerging nations, supports the adoption of pediatric healthcare equipment in hospitals and clinics. The focus is on providing better and effective healthcare facilities to mothers and child. Additionally, rising awareness programs for the improvement of fetal care & neonatal care is among a key factor propelling the market in developing nations.

• North America held the largest regional market share for the global Fetal and Neonatal Healthcare market at almost 41.1% and expected to witness an elevated growth in upcoming years, due to the increased number of lifestyle related pregnancy complications in the region and a surge in the number of preterm births

• Asia Pacific is likely to have a lucrative market for fetal and neonatal care during 2019-2027, on account of the rising birthrate, growing awareness about the advanced medical facilities among patients & clinicians, and launch of advanced products & services for neonatal & fetal care in the region

• However, the developing countries often face critical inaccessibility to healthcare equipment which would in turn out to be a major obstacle for the growth of this business in these countries.

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For the purpose of this report, Reports and Data has segmented the Neonatal and Fetal (Labor & Delivery) Care Market on the basis of product, end use, and region:

Product Type (Revenue, USD Million; 2017–2027)

• Neonatal Care Equipments
o Respiratory Devices
o Phototherapy Devices
o Incubator
o Infant Warmer
o Ventilator
o Resuscitator
• Fetal Care Equipments
o Fetal Doppler
o Fetal MRI System
o Fetal Monitor
o Fetal Pulse Oximeter
o Ultrasound Device

End Use (Revenue, USD Million; 2017–2027)

• Hospitals
• Clinics
• Others

Regional Outlook (Revenue in USD Million; 2017–2027)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)

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Source: EIN Presswire