As the world continues to move toward globalization, the international travels will keep increasing. This fuels the demand for travel vaccines as the prevalence of infectious diseases are specifically region prone, unlike that of other indications. As vaccines are largely used as a preventive measure against these known infectious diseases, the travelers are advised to follow the region-specific immunization plan.In this report, Technavio covers the present scenario and growth prospects of the global travel vaccines market for 2016-2020 (base year: 2015; forecast end year:2020).

DATABASICS launched Receipt EXPRESS for its corporate users in March 2016.This allows the corporate travelers to integrate their digital receipts of Uber or Lyft rides with Receipt EXPRESS by using optical character recognition(OCR) technology. The integration allows a smooth travel and expense submission process for the employee, eliminating manual submission. Post this integration,several major vendors in the market are planning to integrate their travel and expense management solutions with Uber. The integration will allow business users to select expense management solution within the Uber app. In addition, it will help the user automatically create the expense reports and save the transaction information.The market will witness an increase in the adoption of travel and expense management software among small and medium-sized enterprises (SMEs) and large enterprises. This growth is attributed to travel and expense management software vendors that are expanding their services and improving their functions.The implementation of travel and expense management software benefits enterprises as it facilitates improved travel policy enforcement, low processing costs, reduced reimbursement time, and improved employee satisfaction.

The integration of analytics with global trade management (GTM) software will increase its adoption among the trading companies as it will help the trading companies to improve their supply chain visibility, operational efficiency, and compliance management. GTM software with analytical capabilities identify the pattern of international trade and predict future trading potentials. Amber Road and SAP are some of the vendors that provide GTM software with analytics capabilities.According to the World Trade Organization (WTO), in April 2016, the global trade volume increased by 2.8% and will reach 3.6% by 2017. The GTM market is expected to grow significantly after 2017 due to the increase in the world trade volume. The growth of the market is attributed to the increase in demand for imported goods in the Asian economies. This year-on-year (YoY) growth in the international trade will be an oppurtunity for increasing the adoption of GTM software in the coming years.According to the WTO, 635 regional trade agreements are operational in the market as of 2016, and the number will increase in the coming years. Most of the regional trade agreements are signed in APAC, and some are still under negotiations. This will open up opportunities for boosting the adoption of GTM software in APAC region.

The tire pressure monitoring systems (TPMS) is one such feature among the advanced driver assistance systems (ADAS) suite that has seen wide and rapid penetration as compared with any other systems. This can be attributed to the strong regulatory push and declining cost of technology fueling its widespread adoption.The growing popularity of TPMS among fleet managers is a key trend observed,leading to large-scale opportunity in the commercial vehicle space. The increased emphasis on preventive maintenance is an effort to optimize the total cost of ownership among fleet managers, which will fuel the segment's growth. In terms of passenger cars, we expect this technology to hit high volume entry level cars by the end of forecast period.Currently, the US and Europe hold the highest volume for TPMS due to the implementation of mandates about a decade ago. We expect strong growth to stem from Asia-Pacific (APAC) as regulations toward TPMS would be implemented during the forecast period.

Technavio estimates that the PET plastic packaging market by thermoformed process will post a CAGR of 4.55% during the forecast period. The growth is mainly driven by the growing demand from end-users, including the food and beverage sector.North America is the dominant player in the market, and the region accounted for a share of 48% in 2015. This is mainly because of the presence of large plastic packaging companies such as Pactiv LLC, Sonoco Plastics, Berry Plastics, and Winpak. The average sales of thermoformed packaged products per company was $50.5 million in 2015.The thermoformed plastic packaging market in Europe is estimated to post a CAGR of 4.31% during the forecast period. The growth of the plastic sheet market in Europe is the major reason for the growth of the thermoformed packaging market in Europe. The plastic sheet market in Europe was valued at $393 billion in 2015 and is expected to post a CAGR of 1.2% during the forecast period.There is a growing demand for thermoformed packaging for food products from food manufacturers, as this packaging helps eliminate the waste material by 35%-40%. The amount of raw material that goes into the making of this packages is reduced by almost 50%. In addition, smaller packages cut down the shipping costs by 35%.

By revenue, the mobiltech category accounted for the largest proportion of share in the global technical textiles market. The segment is likely to sustain its market share over the forecast period due to the rapid growth of the automotive industry.Woven technical textiles dominated the market with a share of 63% in 2015. The ability to confer different physical and mechanical properties to textiles by using different weaves is attributed to their market share. However, nonwoven technical textiles will gain prominence over the forecast period.In terms of consumption volume, Asia-Pacific (APAC) accounted for more than 46% of the share in the global technical textiles market in 2015. The region is likely to sustain its market share and grow considerably during the forecast period. On the contrary, Europe, the middle East, and Africa (EMEA) held the smallest share despite Europe being the prominent consumer of technical textiles.

The ear, nose, and throat (ENT) surgical navigation system is one of the niche segments in surgical navigation systems market and is growing at a rapid rate.With the technological advances in this field, critical surgeries like zygomatic deformity reconstruction, skull base operations, and Graves’ orbitopathy are being performed successfully. For instance, NewYork-Presbyterian Hospital has confirmed that intraoperative navigation with stereotactic guidance has improved the skull base surgery for complex tumors, which was earlier considered difficult.Vendors mostly rely on partnerships with other medical technology companies, for technologically advanced modalities. These partnerships help them integrate new technologies into their surgical navigation systems, to survive in this competitive market as well as gain recurrent revenues from end-users.

Sterilized packaging by plastic materials accounted for 63.09% in 2015. The plastics mainly used for sterilized packaging are polyethylene terephthalate (PET),polyvinyl chloride (PVC), polypropylene (PP), and high impact polystyrene (HIPS).Polyvinyl chloride accounted for 40% of the total plastic materials used for sterilized packaging in 2015, and PET accounted for 36%.Sterilized packaging products made of PVC have passed critical toxicology,biological, and physiological testing. Use of PVC in pharmaceutical packaging cuts

down costs for manufacturers by 40%-50% compared with other forms of plastics.The sterilized packaging market in North America is set to grow during the forecast period due to rise in the healthcare industry. The US healthcare industry accounted for $3 trillion in 2015. A major function of the healthcare industry is packaging. The healthcare industry in North America was valued at $26.23 billion in 2015 and is expected to reach $34.44 billion in 2020, growing at a CAGR of 5.6%.The market for sterilized packaging in Asia-Pacific (APAC) will be driven by the growth in the drug-device combination product market in APAC, which is estimated to grow at CAGR of 7.51% during the forecast period.

In recent years, paddle boards, the most important equipment for stand up paddle (SUP) boarding, have witnessed a transformation from traditional paddle boards to inflatable SUP boards (I-SUPs). This technology helps make the sports much more convenient and hassle-free, which is accessible to the majority of the populace.Currently, SUP boarding as a universal game is witnessing adoption in many regions. This growth not only comes in the form of revenue, but also in terms of participation, competitions, and leagues. Many professional leagues are getting established in European countries. For instance, the European Stand Up Paddle (EuroSUP) Championships 2016, was held in France in June, was the first ever SUP championships to be held in the region.The global SUP board market is expected to post a CAGR of 15.05% by revenue during the forecast period. In past few years, various water sports at large have witnessed government support in many countries in an attempt to increase the revenue generated from the tourism industry. This step is anticipated to aid in the expansion of the market over the next five years.

The global emergency light sticks market is driven by a growing demand from the military and law enforcement sectors. Outdoor recreation is another key end-user segment that demands emergency light sticks for various activities. Strong demand in countries in North America and Europe will contribute significantly to market growth.