Orthopedic Regenerative Surgical Products Market To Make Great Impact In The Near Future by 2028: Grand View Research Inc.

 Orthopedic Regenerative Surgical Products Market Growth & Trends

The global orthopedic regenerative surgical products market size is anticipated to reach USD 5.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a notable CAGR of 3.6% from 2021 to 2028. The key factors driving the market growth include the rising geriatric population, orthopedic procedures, research activities, and technological advancements. Osteoarthritis, for instance, has been identified as the leading cause of chronic disability in the geriatric population over the age of 70. The World Health Organization (WHO) has also designated osteoarthritis as a ‘priority disease’ promoting R&D for therapies to treat osteoarthritis and its associated symptoms.

The growth of the market was restrained during the COVID-19 pandemic due to deferred elective surgeries, low volume of patient flow for chronic conditions in clinics and hospitals, decreased sales and marketing activities, quarantine and lockdown protocols, and low demand. Vericel Corporation, for example, reported the adverse impact of COVID-19 on its business and operations during 2020. The company registered cancellations of scheduled MACI procedures; its key product used in the repair of cartilage damage of the knee. In addition, there was a slowdown in new orders. Anika Therapeutics reported challenges in patient enrollment for its clinical trials due to the pandemic, which negatively impacted on the company’s revenue and operating results. However, both companies expect recovery financial performance as elective surgeries resume to pre-COVID numbers.

According to the Centers for Disease Control and Prevention (CDC), about 26% (or 78 million) the U.S. adults are estimated to suffer from arthritis by 2040. The prevalence increases with age and is found to be more common in women. Obesity has been identified as another risk factor contributing to orthopedic conditions. The prevalence of obesity in the U.S. was estimated at 42.4% from 2017 to 2018 by the CDC. The increasing prevalence of orthopedic diseases, obesity, and geriatric population is expected to fuel the market growth. Orthopedic regenerative surgical products find application in different conditions of varying severity from joint pain, gout, articular defects, fibromyalgia, and osteoarthritis, to trauma and joint replacement, this is expected to contribute to the market growth.

Market players are also involved in research and development activities to launch new regenerative solutions for treatment or pain relief from orthopedic conditions. Amniox Medical, Inc. for instance, received FDA clearance to proceed with a dosing study using TTAX03- its Investigational New Drug (IND) comprising cryopreserved amniotic membrane and umbilical cord, to treat facet joint osteoarthritis pain in March 2021. Zimmer Biomet on the other hand, offers an extensive portfolio of allografts and synthetic orthopedic regenerative products such as the PrimaGen Advanced allograft, InterGro DBM, and PlatFORM bioresorbable bone graft substitute.

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Orthopedic Regenerative Surgical Products Market Report Highlights

• Key factors driving the market include an aging population across the globe and a rise in the prevalence of orthopedic diseases. According to a 2019 review article published in the Elderly Health Journal, the prevalence of knee osteoarthritis in various Asian countries was found to be in a range of 13.1 - 71.1%
• The viscosupplements segment dominated the market and accounted for the largest revenue share of 42.7% in 2020 owing to the increasing prevalence of osteoarthritis and related symptoms and product availability
• Monovisc and Orthovisc by Anika Therapeutics are the leading products in the viscosupplement market in the U.S. since 2018, based on combined overall revenue
• In terms of application, the cartilage and tendon repair segment is estimated to witness the fastest CAGR of 3.8% followed by trauma repair and orthopedic pain management
• According to a 2019 study on Cartilage Restoration Surgerypublished by the National Library of Medicine, complications in cartilage restoration procedures have been rising for the past 2 decades. The results also indicated a paradigm shift toward osteochondral grafting procedures and other more complex cartilage procedures
• As most orthopedic procedures are performed within hospital settings, the hospitals segment held the largest revenue share of 50.4% in 2020
• Drivers include a large number of populations affected by joint pain and other debilitating orthopedic conditions and supportive initiatives by governments and regulatory bodies. For example, 12 October was established as the World Arthritis Day by the Arthritis and Rheumatism International (ARI)to raise awareness about rheumatic and musculoskeletal diseases

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Orthopedic Regenerative Surgical Products Market Segmentation

Grand View Research has segmented the orthopedic regenerative surgical products market on the basis of product, application, end user, and region:

Orthopedic Regenerative Surgical Products Outlook (Revenue, USD Million, 2016 - 2028)

• Allograft
  • Amniotic Products
  • Others
• Synthetic
• Cell-based
• Viscosupplements

Orthopedic Regenerative Surgical Products Application Outlook (Revenue, USD Million, 2016 - 2028)

• Orthopedic Pain Management
• Trauma Repair
• Cartilage and Tendon Repair
• Joint Reconstruction
• Others

Orthopedic Regenerative Surgical Products End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ambulatory Surgical Centers
• Others (Orthopedic Specialty Centers, Clinics)

Orthopedic Regenerative Surgical Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Orthopedic Regenerative Surgical Products Market

• Anika Therapeutics, Inc.
• Vericel Corporation
• Baxter
• Zimmer Biomet
• Stryker
• Smith+Nephew
• AlloSource
• Amniox Medical, Inc.
• VSY Biotechnology
• Aptissen S.A
• MiMedx

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Pessary Market is Anticipated To Generate Significant Revenues by 2028: Grand View Research Inc.

 Pessary Market Growth & Trends

The global pessary market size is expected to reach USD 547.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.2% from 2021 to 2028. An increase in the demand for pessaries has been witnessed in recent years as compared to the surgeries performed for pelvic organ prolapse. Easy and convenient application has largely favored the growing usage of pessaries among patients.

According to the U.S. Census Bureau, the number of women aged 65 years and above in America would double by 2030 to reach over 40 million. Vaginal pessaries have a high success rate and minimal complication rate for the treatment of both incontinence and prolapse. When successfully fitted, they are associated with high patient satisfaction.

Sedentary lifestyles and lifestyle-associated diseases are also expected to contribute to market growth. The increasing prevalence of diseases such as urinary inconsistency, pelvic organ prolapse and the rising number of geriatric population is fueling the demand for vaginal pessaries.

The market for vaginal pessary is competitive. The most notable participants in the market are CooperSurgical, Biotique America, and MedGyn. Key players are involved in new product launches, acquisitions, and partnerships to gain a competitive edge over each other. For instance, CooperSurgical, based in the United States, invented the Milex Pessary Fitting Kit. The kit is designed for physicians and doctors who can use it to determine the exact size of the patient and prescribe the pessary accordingly. The introduction of these detailed analyses marks a significant shift in focus in the field of female healthcare around the world, which is propelling the market forward.

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Pessary Market Report Highlights

• In terms of type, the ring pessary segment dominated the market in 2020, since the device is easy to insert and remove
• The hospitals segment held the largest revenue share in 2020, as they are the primary point of care for treatment, furthermore, hospitals are known to offer superior care to their patients, and treatment at these centers are generally reimbursed, which drives adoption
• The clinic segment is predicted to witness the fastest growth rate over the forecast timeframe due to the increasing number of patient visits and advanced infrastructure in clinics
• North America dominated the market in 2020 due to the increasing R&D spending, rising demand for medication development, strong governmental efforts, and current projects
• Asia Pacific is expected to register the fastest growth rate owing to numerous untapped growth opportunities in diagnostics and ever-increasing prevalence of pelvic organ prolapse

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Pessary Market Segmentation

Grand View Research has segmented the global pessary market based on type, end-use, and region: 

Pessary Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Gellhorn
• Ring
• Donut
• Others

Pessary End-use Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ambulatory Surgical Centres
• Clinics

Pessary Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Norway
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Turkey

List of Key Players of Pessary Market

• CooperSurgical Inc.
• Bliss GVS Pharma
• MedGyn
• Panpac Medical Corporation
• Bioteque America
• Personal Medical Corporation
• Arabin GmbH & Co. KG
• Integra Lifesciences
• Wallach Surgical Devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Brazil High-Level Disinfectants & Terminal Sterilization Services Market Predicted to Cross USD 3.36 Billion by 2028: Grand View Research Inc.

 Brazil High-Level Disinfectants & Terminal Sterilization Services Market Growth & Trends

The Brazil high-level disinfectants and terminal sterilization services market size is expected to reach USD 3.36 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.7% from 2021 to 2028. The current advent of novel COVID-19 pandemic has led to the growing demand for high-level disinfectants & terminal sterilization services in the Brazilian market. As more and more individuals are getting infected, it is likely to create the demand for critical care equipment, which is leading to significant demand for high-level disinfectants & terminal sterilization equipment. This is anticipated to provide plenty of opportunities for market players in the country.

Increasing incidence of food poisoning due to the lack of maintenance of proper household hygiene may boost the demand for domestic disinfectant solutions. For instance, according to the Brazilian Ministry of Health, around 1,524 outbreaks of food-borne diseases were recorded between 2000 and 2018, with 219,909 individuals sickened and 167 deaths. This is, in turn, boosting the market growth.

Moreover, increasing pressure on commercial sectors to adhere to stringent rules and regulations framed by government regulatory agencies is boosting the demand for disinfectants and sterilization services in these industries. For instance, every year, around 80% of hotels and motels in Brazil experience problems due to the presence of mosquitoes, giving rise to a negative reaction from various social media platforms. As a result, the hospitality industries are significantly increasing the usage of disinfectants and urging their employees to maintain proper hygiene.

Furthermore, the introduction of innovative products and the incorporation of new technologies by market players are expected to contribute to the market growth during the forecast period. For instance, in November 2020, Matachana Group introduced the new S1500 Series. It is a bulk-capacity steam sterilizer with multiple advantages, such as easy maintenance and easy connectivity, which can be used at research centers and laboratories.

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Brazil High-Level Disinfectants & Terminal Sterilization Services Market Report Highlights

• By compound, the aldehydes segment dominated the overall market with a share of 29.61% in 2020. This is due to the high prevalence of HAIs caused due to the improper reprocessing of surgical units
• On the basis of type, the ethylene oxidesegment dominated the market with a share of 34.96% in 2020 owing to the wide application of this technique in sterilizing most medical devices
• Based on end use, the hospitals segment dominated the market with a share of 54.00% in 2020 owing to a rise in the number of surgical procedures and a continuously growing patient pool in Brazil

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Brazil High-Level Disinfectants & Terminal Sterilization Services Market Segmentation

Grand View Research has segmented the Brazil high-level disinfectants and terminal sterilization services market on the basis of compound, type, and end-use:

Brazil High-Level Disinfectants & Terminal Sterilization Services Compound Outlook (Revenue, USD Million, 2016 - 2028)

• Aldehydes
• Hydrogen Peroxide
• Chlorine Compounds
• Others

Brazil High-Level Disinfectants & Terminal Sterilization Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Ethylene Oxide
• Irradiation
• Moist Heat Sterilization
• Others

Brazil High-Level Disinfectants & Terminal Sterilization Services End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

List of Key Players of Brazil High-Level Disinfectants & Terminal Sterilization Services Market

• ASP (Fortive Corporation)
• Limpidus
• Morhena Group
• Steris Plc
• Sigex
• BSS (Hospitalar)
• Sterigenics U.S., LLC (Sotera Health Company)
• Getinge AB
• Cantel Medical
• 3M
• Matachana Group
• Baumer S. A.
• CISA Production S.R. L.
• Olympus Corporation
• Lifemed
• Steelco S.p.A.
• Souza &Filhos
• Fonseca Servicos De Outsourcing
• Brazil Cleaning Services
• Mudanjiang Plasma Physical Application Technology Co., Ltd. (CASP)
• Laoken Technology Co. Ltd.
• Endoclear
• GFE do Brasil
• Choyang Medical Industry Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

North America Plastic Recycling Market Estimated to Experience a Hike in Growth by 2028: Grand View Research Inc.

 North America Plastic Recycling Market Growth & Trends

The North America plastic recycling market size is expected to reach USD 7.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.1% from 2021 to 2028. Recycled plastic packaging provides an environment-friendly solution compared to virgin plastic. The growing use of recycled plastics in packaging is expected to fuel the demand for plastic recycling in the region. The packaged food industry in North America has grown tremendously in recent years.

The packaged food industry is driven by innovation in processing techniques, which are used for enhancing the shelf life of food products. The demand for packaging is high, especially for snack food and beverage products, which can be attributed to technological improvements, lifestyle changes of consumers, modern retail trades, and the increasing popularity of quick-service restaurants. For example, consumers in North America prefer packaging that is light and aesthetically appealing. This is likely to fuel the growth of packaging in the coming years, thereby creating demand for plastic recycling.

Furthermore, growing demand for packaged foods is anticipated to prompt manufacturers to increase production capacity, thereby, augmenting the demand for packaging over the forecast period. For instance, The Coca-Cola Company, which is engaged in the production of beverages, has achieved 88% of its packaging products made from recycled plastics in 2019 and aims to increase this number to 100% by 2025. In recent years, there has been a significant shift toward the adoption of recycled plastics as a sustainable packaging solution.

The outbreak of COVID-19 has further fueled the growth of packaging. Social distancing measures, health awareness, and lockdown imposed by various governments to contain the spread of the pandemic have compelled consumers to rely more on food delivery services and e-commerce sites. Thus, the growing packaging industry is anticipated to create significant demand for recycled plastics in coming years thereby, further propelling the growth of the market in the region.

The recycled polyethylene product segment is estimated to witness significant growth over the forecast period. This is attributed to the rising consumption of polyethylene for the production of reusable bags, agriculture films, toys, milk bottles, housewares, containers, shampoo bottles, trays, food packaging films, and toys, among others. Furthermore, properties such as excellent resistance to solvents, high tensile strength, flexibility, toughness, and relative transparency are driving the demand for polyethylene in the above-mentioned application.

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North America Plastic Recycling Market Report Highlights

• In terms of revenue, the polyethylene segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
• The packaging end-use segment dominated the market and accounted for more than 36.0% of the revenue share in 2020
• As of 2020, the U.S. accounted for more than 90.0% revenue share in the overall market. Growing environmental concerns and government investments in advanced plastics recycling technologies are expected to positively influence the growth of the market in the U.S.
• Various strategic initiatives were recorded over the past few years to boost the growth of the market in North America. For instance, in February 2020, Carbonlite Inc. planned to construct its fourth PET recycling plant near Orlando, Florida in the U.S. The plant is expected to be functional by the end of 2021, with a recycling capacity of 40,000 tons per annum

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North America Plastic Recycling Market Segmentation

Grand View Research has segmented the North America plastic recycling market on the basis of basis of product, process, end-use, and country:

North America Plastic Recycling Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polyethylene
  • High-Density Polyethylene
  • Low Density Polyethylene
  • Linear Low-Density Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Others

North America Plastic Recycling Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Chemical
• Mechanical

North America Plastic Recycling End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Building & Construction
• Packaging
• Electrical & Electronics
• Textiles
• Automotive
• Others

North America Plastic Recycling Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• US.
• Canada

List of Key Players of North America Plastic Recycling Market

• Agilyx
• Brightmark LLC
• PLASTIPAK HOLDINGS, INC.
• MBA Polymers Inc.
• UltrePET LLC
• KW Plastics

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Demand for Bio-based Polyurethane Market to Incur Considerable Upsurge During 2021 – 2028: Grand View Research Inc.

 Bio-based Polyurethane Market Growth & Trends

The global bio-based polyurethane market size is expected to reach USD 52.8 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.9% from 2021 to 2028. Increasing product demand from the automotive industry for the manufacturing of seat cushions, seat backs, armrests, head restraints, and others is anticipated to boost the bio-based PU market growth. In automotive applications, the use of natural fiber-reinforced plastics and plant-based polymer resins helps reduce CO2 emissions and the weight of vehicles, which, in turn, helps improve fuel economy. Thus, increasing government concerns to reduce CO2 emissions across the globe are anticipated to fuel the product demand in automotive applications during the forecasted years.

Expanding application scope in the packaging, building & construction, electrical & electronics, automotive, and consumer goods industries is also anticipated to offer growth opportunities to the key players. For instance, in September 2020, Covestro AG announced its partnership with Shandong INOV New Materials Co., Ltd. to complete the laying of the walkway using CO2-based polyolCardyon. This is the first time that innovative CO2-based materials have been used in China to produce sports floorings. Companies, such as Ford Motor Company, ZMP Inc., La-Z-Boy Inc., and Airysole Footwear Pvt. Ltd., are some of the potential customers in the market.

Increasing concerns regarding toxic issues pertaining to petrochemicals along with depleting crude oil reserves have been driving the development of bio-based polymers like bio-based polyurethane (PU). Regulations imposed by most governments restricting the consumption of petroleum-based plastics in certain applications like medical devices are expected to further incentivize the production of bio-based polyurethane during the forecast period.

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Bio-based Polyurethane Market Report Highlights

• In terms of revenue, the flexible foam segment accounted for the highest revenue share in 2020 and is expected to retain the dominance over the forecast period
• Bio-based PU foams witnessed a rise in demand as an efficient insulation material, leading to higher energy savings, owing to the rising need for green buildings
• These foams are widely used in spray form for sealing holes, cracks, joints, and boding other building materials, ultimately reducing the amount of conditioning or heat required inside the building
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, in September 2020, Covestro AG teamed up with FoamPartner, a Swiss company, to develop foams that are partially based on CO2
• Carbon dioxideis used as a raw material to produce polyol instead of fossil raw materials, such as crude oil
• CO2 polyol available under the Cardyon brand name is used as a raw material by FoamPartner to produce polyurethane foams for various parts used in the vehicle interior
• Asia Pacific was the largest regional market in 2020 owing to the presence of a well-established manufacturing base for electrical & electronics in China, Japan, and South Korea

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Bio-based Polyurethane Market Segmentation

Grand View Research has segmented the global bio-based polyurethane market based on product, end-use, and region:

Bio-based PU Product Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Rigid Foam
• Flexible Foam
• Coatings, Adhesives, & Sealants
• Others

Bio-based PU End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Automotive
• Building & Construction
• Consumer Goods
• Electrical & Electronics
• Packaging
• Others

Bio-based PU Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players of Bio-based Polyurethane Market

• BASF SE
• MCNS
• RAMPF Holding GmbH & Co. KG
• Covestro AG
• Cargill, Inc.
• Huntsman International LLC
• MCPU Polymer Engineering LLC
• WeylChem International GmbH

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Lab Automation Market to Reflect Robust Expansion During 2021-2028: Grand View Research Inc.

 Lab Automation Market Growth & Trends

The global lab automation market size is expected to reach USD 8.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2021 to 2028. Key drivers of the market include a rise in the gap between the availability of trained laboratory personnel and the demand for laboratory procedures and high reproducibility and accuracy obtained through lab automation.

Other drivers facilitating growth include smaller volumes of reagents and samples required, personnel safety, progressing drug discovery, miniaturization of the process thus leading to low reagent cost, and clinical diagnostics. The market is anticipated to witness various lucrative opportunities for growth owing to an increasing prevalence of infectious diseases and a rising number of clinical studies which are expected to increase the number of diagnostic tests performed in the laboratories.

The rise in applications of lab automation is one of the major factors anticipated to boost growth during the forecast period. Clinical chemistry applications have been replaced by lab automation for tasks such as solid-phase extraction, powder dosing, dilution to weight, sample extraction, and sample preparation for analysis facilitating increasing productivity, reliable results, and interpretation, safer working conditions for laboratory personnel, lower costs, reduced laboratory space, and reduced turnaround times. Similarly, for synthetic biology workflow processes, tasks such as DNA fragment construction, the culture of the host organism, colony selection, final data collection, and analysis have been replaced by automation processes. Therefore, an increase in the number of applications is expected to fuel their adoption in the near future.

North America’s market accounted for the largest revenue share in 2020 and is expected to maintain its position during the forecast period. The growth is attributed to well-established healthcare infrastructure, an increase in the adoption of these systems, the local presence of major players, a supportive reimbursement framework, and the increasing prevalence of chronic and infectious diseases.

Major players are mostly involved in contributing to innovations and technological advancements, impacting market growth positively. A rise in product launches undertaken by dominant players is anticipated to boost the market growth. In April 2019, Qiagen launched the QIAstat-Dx in Europe, which provides a fully integrated and one-step molecular analysis of common syndromes and oncological and other diseases. This initiative was undertaken by the company to enhance the distribution of its products in Europe. Such initiatives are expected to drive the market over the forecast period.

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Lab Automation Market Report Highlights

• The continuous flow segment dominated the overall market in terms of revenue in 2020 owing to the high adoption of continuous flow in laboratories for providing high-quality services
• The total automation systems segment accounted for the largest revenue share in 2020 owing to various benefits offered by these systems, advancements in the field of automation, and a rise in demand for flexible automation solutions for analytical measurements
• The clinical chemistry analysis segment held the largest revenue share in 2020 owing to technological advancements, increase in automation systems provided by market players, and growth in the usage of automated systems owing to their benefits, such as the reduced risk of contamination and elimination of human error, among other benefits
• The market is anticipated to be dominated by the North American region owing to the presence of well-established healthcare infrastructure, which has led to an increase in the adoption of laboratory automation systems in the region 

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Lab Automation Market Segmentation

Grand View Research has segmented the global lab automation market on the basis of process, automation type, end use, and region:

Lab Automation Process Outlook (Revenue, USD Million, 2016 - 2028)

• Continuous Flow
  • By Workflow
    • Sequential Processing
    • Parallel Processing
  • By Components
    • Consumables
    • Equipment
  • Discrete Processing
    • By Method
      • Centrifugal Discrete Processing
      • Random Access Discrete Processing
    • By Components
      • Consumables
      • Equipment
    • By Workflow
      • Dependent Analysis
      • Independent Analysis

Lab Automation Type Outlook (Revenue, USD Million, 2016 - 2028)

• Total Automation Systems
  • By Steps
    • Pre-analysis
      • Centrifugation
      • Sample Preparation
      • Sample Sorting    
    • Transport Mechanisms
    • Liquid Handling
    • Sample Storage
    • Sample Analysis
  • Modular Automation Systems
    • By Steps
      • Specimen Acquisition & Identification & Labelling
      • Transport Mechanisms
      • Sample Preparation
      • Sample Loading & Aspiration
      • Reagent Handling & Storage
      • Sample Analysis & Measurements

Lab Automation End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Clinical Chemistry Analysis
• Photometry & Fluorometry
• Immunoassay Analysis
• Electrolyte Analysis
• Other end-uses

Lab Automation Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Lab Automation Market

• Qiagen N.V.
• PerkinElmer Inc.
• Thermo Fisher Scientific, Inc.
• Siemens Healthineers
• Danaher Corporation
• Agilent Technologies, Inc.
• Bio Tek Instruments, Inc.
• Eppendorf AG
• Hudson Robotics
• Aurora Biomed Inc.
• BMG LABTECH GMBH
• Tecan Group Ltd.
• Hamilton Company
• Hoffmann-La Roche

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Vessel Sealing Devices Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Vessel Sealing Devices Market Growth & Trends

The global vessel sealing devices market size is anticipated to reach USD 2.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 8.1% from 2021 to 2028. The key factors driving the market growth include the rising number of surgeries across the globe, aging population, and technological advancements.

The COVID-19 pandemic resulted in several challenges such as logistical bottlenecks, low demand, decreased sales and marketing activities, and reduced sales. The key impact, however, was the cancellation or postponement of elective surgeries during the pandemic. Most nations went under lockdown with the implementation of movement restrictions while academic societies and regulatory bodies recommended postponement of elective surgical procedures. According to Harvard Business Review, around a 4.8% GDP decline in the American economy, in the first quarter of 2020, could be attributed to deferred healthcare services, in particular delayed elective procedures. The resumption of elective surgeries is expected to lead to increased demand over the coming years.

The number of surgeries performed is a key contributor to the market growth. In the U.S. increasing prevalence of chronic diseases and an aging population, are leading to increase in the number of surgical procedures performed every year. According to the U.S. Census Bureau, an estimated 75 million of the 328 million U.S. population, were aged 60 years and older in 2019. This implies that a significant number of American citizens are vulnerable to chronic and acute conditions, leading to an increased number of surgeries.

According to Definitive Healthcare, LLC, as of 2019, there were about 9,280 active ambulatory surgery centers in the U.S. This high number also contributes to market growth. In addition, ASCs enable large volumes of surgeries in a short period, which is expected to fuel the market growth during the forecast period.

The adoption of automated and robotic systems in surgery is another driver estimated to contribute to the market growth. In a study conducted by the University of Michigan, School of Medicine, it was found that from 2012 to 2018 the use of robotic technology in general surgery increased from 1.8% to 15.1%. Market players are leveraging this trend to introduce new products, expand their regional presence, and increase their market share. Bolder Surgical, partnered with Intuitive Surgical to provide an exclusive licensing agreement to its energy-based vessel sealing and tissue stapling technologies for use in the latter’s robotic-assisted surgery solutions. In May 2021, Bowa Medical opened a new office in Cairo to control and support sales activities for Turkey, Iran, Pakistan, and the entire Middle East region.

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Vessel Sealing Devices Market Report Highlights

• Rising prevalence of chronic diseases is increasing the number of surgeries performed around the globe. This is one of the key contributing factors towards market growth
• The application segment was dominated by laparoscopic surgery in 2020 owing to wider use of vessel sealing devices in these procedures, while the general surgery segment held a significant share. In June 2021, for instance, Johnson and Johnson’s Ethicon launched ENSEAL X1 Curved Jaw Tissue Sealer for use in colorectal, bariatric surgery, gynecological, and thoracic procedures
• The laparoscopic surgery segment, however, is also anticipated to grow the fastest due to rise in technological advancements and minimally invasive surgeries
• The instruments segment held the largest revenue share in 2020 and is also expected to register the highest CAGR over the forecast period. Easy availability of instruments is one of the primary factors driving this segment
• The hospitals and specialty clinics segment held the largest revenue share of 57.4% in 2020, as they are the primary point of care for treatment. Furthermore, hospitals and specialty clinics are known to offer superior care to their patients and treatment at these centers are generally reimbursed, which drives adoption

Access Press Release@ https://www.grandviewresearch.com/press-release/global-vessel-sealing-devices-market

Vessel Sealing Devices Market Segmentation

Grand View Research has segmented the global vessel sealing devices market on the basis of application, product, end user, and region:

Vessel Sealing Devices Application Outlook (Revenue, USD Million, 2016 - 2028)

• General Surgery
• Laparoscopic Surgery

Vessel Sealing Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Generators
• Instruments
• Accessories

Vessel Sealing Devices End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals & Specialty Clinics
• Ambulatory Surgical Centers

Vessel Sealing Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Vessel Sealing Devices Market

• Medtronic
• Olympus Corporation
• Braun Melsungen AG
• Medical Devices Business Services, Inc. (Johnson & Johnson)
• Erbe Elektromedizin GmbH
• Bowa Medical
• OmniGuide Holdings, Inc.
• Intuitive Surgical
• Bolder Surgical, LLC
• KLS Martin Group

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Lease Management Market With Strong Application and Scope By 2028

 Lease Management Market Growth & Trends

The global lease management market size is expected to reach USD 6.35 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.9% from 2021 to 2028. The increase in demand for the SaaS model for better lease management is expected to drive the market. The SaaS model offers users features, such as integration with other advanced solutions including payment gateways, cloud-based solutions, and empowering businesses through more seamless and easier processes.

Lease management, also known as lease administration, involves the execution and organization of the everyday tasks of an organization's lease portfolio. Lease management encompasses tasks and processes, such as document management, reporting, coordinating among stakeholders, and numerous other administrative tasks.

The leasing industry has witnessed significant changes in the past few years owing to technological disruptions in the real estate industry. Additionally, the COVID-19 pandemic has impacted the market in numerous ways, leading to a notable shift from the on-premise deployment approach to the increasing reliance on cloud-based solutions. Workplace mobility is a crucial factor behind the increased demand for lease management solutions and services during this pandemic.

The rising number of smart building projects is also driving the demand for lease management solutions as property managers seek advanced solutions to manage leases proficiently. Furthermore, the increased need for real-time data analysis by leveraging evolving technologies, such as artificial intelligence, the internet of things (IoT), and the cloud, is expected to create numerous growth opportunities for market players.

Lease management platform providers are investing in research & development activities for introducing innovations in the real estate and leasing industry. Additionally, the need to keep up with the constantly changing lease obligations is driving innovations in lease management solutions and processes.

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Lease Management Market Report Highlights

• By platform, the software segment accounted for the largest revenue share in 2020 and is expected to maintain its lead over the forecast period. This can be attributed to the growing complexities in lease obligations, which drive the demand for sophisticated leasing management systems for reporting. The services segment is anticipated to register the highest CAGR during the forecast period
• In terms of deployment, the cloud segment accounted for the largest revenue share in 2020 and is also likely to register the highest growth rate over the forecast period. This is attributed to the rising popularity of the remote work culture and the need for centralized access to critical leasing information
• North America dominated the market in 2020 owing to the factors such as the existence of a large number of market players and telecom giants, such as Verizon, US Cellular, AT&T, and T-Mobile US, in the region

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Lease Management Market Segmentation

Grand View Research has segmented the global lease management market on the basis of platform, deployment, application, organization size, and region:

Lease Management Platform Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

Lease Management Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Cloud

Lease Management Application Outlook (Revenue, USD Million, 2016 - 2028)

• Commercial
• Residential
• Industrial

Lease Management Organization Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Organizations
• Small & Medium Organizations

Lease Management Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Rest of MEA

List of Key Players of Lease Management Market

• Accruent
• CoStar Realty Information, Inc.
• International Business Machines Corporation
• LeaseAccelerator, Inc.
• MRI Software LLC
• Nakisa Inc.
• Odessa
• Oracle
• SAP
• RealPage, Inc.
• Yardi Systems Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Chromatography Software Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Chromatography Software Market Growth & Trends

The global chromatography software market size is expected to reach USD 1.8 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2021 to 2028. Some of the factors contributing to market growth are the rise in the adoption of chromatography technology in R&D activities in various fields and industry verticals and the rising investment in pharmaceutical research and development.

The growing regulations and concerns related to food and drugs, the environment, and the extensive growth in the pharmaceutical research activities to develop drugs, further support the demand for chromatography techniques and supporting software. Moreover, the Covid-19 had a positive impact on the market owing to an increase in the research activities using chromatography techniques to analyze the drugs and their efficacy as a treatment.

The usage of chromatography technology in research activities and growing automation and technological integration for improved efficiency and performance are further boosting the market growth. In addition, the growth in the number of market players offering advanced solutions and technologies by developing comprehensible software and configurable interface for improved efficiency, and accurate and swift results is further driving the adoption of chromatography software.

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Chromatography Software Market Report Highlights

• The integrated segment dominated the market in terms of revenue share in 2020 owing to a rise in the adoption and demand for workflow integration for faster coordination and access to data
• The web and cloud-based segment held a higher market share in 2020 as it facilitates the real-time tracking of data, higher free storage to store a huge amount of data, quick and remote access to the data, lower handling cost, and easy data backup
• The pharmaceutical industry segment dominated the market in 2020 in terms of revenue share as chromatography techniques are used for quality assurance activities to produce purified safe products in the pharmaceutical industry
• In 2020, North America held the majority of the market share in terms of revenue owing to the higher adoption of technology in laboratory testing and research activities in the region. Moreover, the technologically advanced infrastructure and the presence of key market players are likely to support market growth
• In Asia Pacific, the market is expected to grow fast over the forecast period due to the rise in the adoption of technology and automation in research activities and laboratories, and the rise in the government initiatives towards automation and technological development in laboratories and research activities

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Chromatography Software Market Segmentation

Grand View Research has segmented the global chromatography software market based on type, deployment model, application, and region:

Chromatography Software Type Outlook (Revenue, USD Million, 2016 - 2028)

• Standalone
• Integrated

Chromatography Software Deployment Model Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Web & Cloud-Based

Chromatography Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmaceutical Industry
• Forensic Testing
• Environmental Testing
• Food Industry

Chromatography Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa

List of Key Players of Chromatography Software Market

• Agilent Technologies Inc.
• Bruker Corporation
• Cytiva, DataApex
• Gilson Inc.
• KNAUER
• Restek Corporation
• Scion Instruments
• Shimadzu Corporation
• Waters Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.