The global breakfast cereal market is expected to grow 3% per year to reach $40 billion in 2023, according to new research and analysis from Packaged Facts, a leading market research firm and division of MarketResearch.com.

Breakfast cereal is a highly penetrated category in mature markets such as the U.S., but there is plenty of room for growth, particularly in Asia, Africa, and the Mideast, as Western diets become more common across the world.

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Every year several new drugs enter the pharma value chain. The launch of a new therapy or drug means a new treatment option for the patient pool and advancement in people’s quality of life.

Emily Park has authored more than 36 studies as an Industry Analyst at The Freedonia Group, where she has worked since 2012. She double majored in Earth & Planetary Sciences and Environmental Studies at Washington University in St. Louis and now focuses on chemicals and equipment-related topics at Freedonia. Her areas of expertise include pesticides, fertilizers, water treatment equipment and chemicals, and aquaculture supplies.

See the latest industry insights from a variety of market research blogs. This week, we highlight articles covering the markets for ceiling products, construction equipment, pet treats, patient monitoring devices, global housing, healthcare chatbots, and more.

Generally speaking, value chain analysis typically includes two types of ventures:

• Firm value chain analysis (often referred to as Porter Value Chain Analysis) examines internal company practices and their optimization relative to creating value for customers.
• Industry value chain analysis involves examining the various stages of a product’s production, from raw material procurement all the way through the final purchase by end-users.

Chatbots are artificial intelligence software that can have conversations with users based on the principle of natural language processing (NLP). The chatbot processes the input provided by the user, focuses on the semantics, searches for the terms in the knowledge database, and provides the suitable answer as per its knowledge set.

The global patient monitoring devices market is expected to grow from $22.4 billion in 2018 to $30.7 billion in 2022 at an annual growth rate of more than 8%.

Global construction of new housing is expected to rise 1.6% per year through 2023, according to a new industry study titled Global Housing by The Freedonia Group, a leading market research firm and division of MarketResearch.com.

The study focuses on the 55.3 million unit global market for new housing, and provides historical data and forecasts for new housing units and housing stock in 58 countries and 6 regions.

This week, industry analysts shared new data and insights across a broad range of markets including fiber cement, school testing, pets, in vitro diagnostics, and meditation. Scroll through the descriptions and links below for more information.