Neurovascular Devices Market Expected to Deliver Dynamic Progression By 2030

 Neurovascular Devices Market Growth & Trends

The global neurovascular devices market size is anticipated to reach USD 4.53 billion by 2030, registering a CAGR of 6.01% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of neurological illnesses such as stroke, brain aneurysm, and cerebral artery stenosis is driving growth of the neurovascular devices market. According to the World Stroke Organization (WSO), in 2022, there will be more than 12.2 million new strokes per year.

One in every four adults above the age of 25 will suffer a stroke throughout their lifetime. In addition, nearly 7.6 million new ischemic strokes occur each year. Around 62.0% of all incident strokes worldwide are ischemic strokes, with more than 1.2 million new subarachnoid hemorrhages occurring each year. As a result, the figures show that there is a significant demand for the neurovascular devices, which is driving neurovascular device market expansion.

The rising prevalence of brain aneurysms in both developed and developing countries is driving the introduction of technologically advanced products to the market. Some significant therapeutic techniques for an intracranial aneurysm include surgical clipping, endovascular coiling, and flow diverters. Market participants are constantly working to introduce technologically advanced products to the market.

For instance, in September 2021, Medtronic plc. announced the CE Mark clearance of its radial artery access portfolio, which comprises the Rist 079 Access Radial Guide Catheter and the Access Rist Radial Selective Catheter. Furthermore, in March 2022, Micro Port Scientific Company announced that its Hyper flex Balloon Catheter has received registration approval from the Japan Pharmaceuticals and Medical Devices Agency (PMDA).

Reduced postoperative discomfort and faster recovery are the factors expanding use of the minimally invasive operations and fueling R&D in this field. Endovascular coiling is a minimally invasive surgery that is frequently suggested by the clinicians for the treatment of cerebral aneurysms. Hydro Coils (MicroVention, Tustin, California, USA) have permitted the treatment of more complex aneurysmal structures with reduced recurrence rates as compared to bare-platinum coils. As a result, increased demand for the minimally invasive procedures is supporting neurovascular device market expansion.

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Neurovascular Devices Market Report Highlights

• In 2022, cerebral embolization and aneurysm coiling devices dominated the neurovascular devices market with a market share of 34.79%. As the prevalence of cerebral artery stenosis rises, major players are introducing more technologically advanced products
• Based on therapeutic application, stroke segment dominated the market in 2022 with a market share of 57.10% due to the increasing prevalence of stroke, globally. The increasing frequency of strokes around the world has resulted in a significant demand for the management of these cases, necessitating the intensive use of neurovascular devices
• Among size, 0.021" held a majority market share of 27.26% in the year 2022. This is due to 0.021” size products are preferred over others owing to superior flow rates and embolic compatibility
• Among end use, hospitals held a majority market share of 70.97% in the year 2022. Increasing number of patients being admitted to the hospitals due to the surgeries, therapies, and treatments is expected to favor the neurovascular device market. Thus, subsequent increase in number of patients across the globe, launch of technologically advanced products, and favorable reimbursement policies are leading to a growing demand for the hospital treatments
• North America led the market with the maximum revenue share of 26.44% in 2022. Rising demand for the minimally invasive surgeries, and increasing government initiative for improving healthcare infrastructures are among the key factors driving the market growth. In addition, technological advancement and innovation of new noninvasive techniques will create lucrative opportunities for the segment

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Neurovascular Devices Market Segmentation

Grand View Research has segmented the global neurovascular devices market based on the device, therapeutic application, size, end use, and regions:

Neurovascular Devices Device Outlook (Revenue USD Million; Volume Unit; 2018 - 2030)

• Cerebral Embolization and Aneurysm Coiling Devices
  • Embolic coils
  • Flow diversion devices
  • Liquid embolic agents
• Cerebral Angioplasty and Stenting Systems
  • Carotid artery stents
  • Embolic protection
• Neurothrombectomy Devices
  • Clot retrieval devices
  • Suction devices/aspiration catheters
  • Vascular snares
• Support Devices
  • Micro catheters
  • Micro guide wires
• Trans Radial Access Devices

Neurovascular Devices Therapeutic Application Outlook (Revenue USD Million; 2018 - 2030)

• Stroke
• Cerebral Artery
• Cerebral Aneurysm
  • Aneurysmal Subarachnoid Hemorrhage
  • Others
• Others

Neurovascular Devices Size (in Inches) Outlook (Revenue USD Million; 2018 - 2030)

• 027"
• 021"
• 071"
• 017"
• 019"
• 013"
• 058"
• 068"
• Others

Neurovascular Devices End Use Outlook (Revenue USD Million; 2018 - 2030)

• Hospitals
• Specialty Clinics
• Others

Neurovascular Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Norway
  • Denmark
  • Sweden
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players In Neurovascular Devices Market

• Medtronic
• Johnson and Johnson Services Inc.
• Penumbra, Inc.
• Micro port Scientific Corporation
• Stryker
• Microvention Inc. (Terumo Corporation)
• Codman Neuro (Integra Life sciences)

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.

Position Sensors Market With Strong Application and Scope By 2022

 Position Sensors Market Growth & Trends

The global position sensors market is expected to reach USD 9.93 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for electronics and sensor systems in automobiles is expected to augment demand. Factors such as the need for contactless technologies, requirement for lower CO2 emissions, and improvement in reliability and precision are expected to trigger demand over the forecast period.

Increasing requirement of accurate sensor performance for detection of reflective objects and signaling the position of moving components in semiconductor and electronics industry is expected to boost the sensor demand over next seven years.

Increased awareness regarding vehicle safety and technological advancements are anticipated to drive the global demand for position sensor market. Escalating demand for navigation and GPS-enabled wearable devices and smartphones is expected to further entice growth.

Growing requirement of time-proven positioning sensing technology and highly customized solutions for mission critical needs in military and aerospace applications is anticipated to augment the demand for these sensors. Stringent vehicle emission regulations in several countries worldwide are encouraging the adoption across various verticals.

However, lack of product differentiation is expected to challenge industry growth. A large number of players offer products based on similar technological foundation. This propels industry players to compete with large manufacturers for high-volume contracts and is thus exposed to corresponding pricing pressure.

In this price sensitive market, it has been a difficult task for these manufacturers to differentiate their products with any factor other than price.Extensive R&D investment in order to obtain competitive advantage is also expected to result in frequent strategic alliances and acquisitions.

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Position Sensors Market Report Highlights

• Proximity sensor was valued at over USD 1.5 billion in 2014 and is expected to remain a major segment over the next seven years. Applications of proximity sensors include position, detection, inspection, and counting on automated machines and manufacturing systems. They are also used in machine vibration monitoring to measure variations in distance between a shaft and its support bearing.
• Photoelectric sensors industry is expected to grow at a CAGR of 5.8% from 2015 to 2022 owing to increased adoption of automation in process, automotive, and food & beverage industries
• Packaging application is expected to grow at a CAGR of 7.0% from 2015 to 2022. This can be primarily attributed to increasing adoption of sensors in automation to improve performance and reliability. Position sensors in packaging are used for monitoring the position of a moving machine part, detecting the location of label applicator, and end point detection of mechanical part.
• The Asia Pacific position sensors industry is expected to remain the largest owing to strong demand for high quality precision equipment and consumer electronics demand. The regional industry is expected to account for over 40% by 2022, growing at a CAGR of over 6.0% from 2015 to 2022.
• Key players in the position sensor market include Honeywell International, Inc., Sick AG, Allegro Microsystems, iFM Elector Inc., Heidenhain, Keyence Corporation, Bourns, Inc., Schneider Electric, Siemens AG, Vishay Intertechnology, Inc., Banner Engineering, Balluff GmbH, and Sensata Technologies.

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Position Sensors Market Segmentation

Grand View Research has segmented the position sensors market on the basis of technology, application, and region:

Position Sensors Technology Outlook (Revenue, USD Million, 2012 - 2022)

• Photoelectric
• Linear
• Proximity
• Rotary
• Others

Position Sensors Application Outlook (Revenue, USD Million, 2012 - 2022)

• Automotive
• Military & Aerospace
• Electronics & Semiconductors
• Packaging
• Others

Position Sensors Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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.

Precast Concrete Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Precast Concrete Market Growth & Trends

The global precast concrete market size is expected to reach USD 156.13 billion by 2030, registering a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing construction activities in the residential, commercial, and industrial sectors. Precast concrete is used in the production of various products used in construction, such as wall panels, underground vaults, pipes, tanks, slabs, and barriers. Construction end-users prefer precast structures due to their superior strength and durability. Precast concrete also helps in the faster completion of construction projects, leading to increased adoption. Offsite construction is gaining prominence in the construction industry as the method helps in saving time and avoiding material wastage.

The process can be carried out irrespective of the weather conditions. The growth in offsite construction is anticipated to be a key driver for the industry over the forecast period. Although precast concrete has several advantages over conventional concrete, its use in developing countries is limited due to the high investment involved. The cost of machinery and molds needed for the manufacturing of these products is high and requires advanced technology with highly skilled labor to handle the same. Thus, the high initial investments are projected to hamper the growth over the forecast period. The Asia Pacific construction industry has been developing rapidly in recent years. The industry has witnessed numerous technological advancements and the proliferation of unique architectural designs that promote the usage of precast concrete in commercial, residential, and industrial applications.

Rapid industrialization in emerging economies, such as China and India, has led to a rise in the construction of factories and office spaces. In addition, industrialization has led to migration, resulting in increased urbanization and the growth of residential construction activities. Developed regions, such as North America, have also seen a rise in residential construction activities due to an increased consumer expendable income. The construction industry in Central & South America is also expected to witness substantial growth on account of the rising investments in various infrastructure projects by foreign and domestic private players in the region. The construction of single-family houses in the region contributed majorly to the residential construction market.

This is attributed to the increasing number of people living separately in the majority of the countries in the region. The industry consists of several global players providing high-quality products focusing on price differentiation, thus leading to high competition in the industry. Strategies followed by key players include long-term contracts with end-users and intensive R&D activities. The prominent industry players have signed agreements with raw material suppliers and construction companies to maintain their market position. In addition, most of the key players collaborate with local end-users and suppliers to minimize operational costs and improve their localized market share.

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Precast Concrete Market Report Highlights

• Structural building components segment is expected to register the fastest CAGR of 6.2% from 2024 to 2030 due to their superior characteristics like high strength, increased durability, and faster installation
• The infrastructure application segment dominated the industry in 2023 owing to high investments in infrastructure development by emerging as well as developed economies
• Asia Pacific is estimated to witness the fastest growth rate during the forecast period owing to the high economic growth in the region and rising industrial & commercial investments by private players and local governments
• The construction industry in MEA is expected to face setbacks due to uncertainty in government spending on infrastructure development. However, increasing the consumer base in the region will likely boost the market growth in the coming years
• The global demand was hampered due to the COVID-19 pandemic in 2020. Government regulations resulted in delays and cancellation of planned construction projects, negatively impacting the industry growth

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Precast Concrete Market Segmentation

Grand View Research has segmented the global precast concrete market based on product, application, and region:

Precast Concrete Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Structural Building Components
• Architectural Building Components
• Transportation Products
• Waste & Water Handling Products
• Others

Precast Concrete Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
• Infrastructure
• Industrial

Precast Concrete Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Czech Republic
  • Croatia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • Israel

List of Key Players of Precast Concrete Market

• Boral Ltd.
• LafargeHolcim
• Gulf Precast Concrete Co. LLC
• Olson Precast Company
• CEMEX S.A.B. de C.V
• Forterra Pipe and Precast LLC
• Tindall Corporation
• Spancrete
• Elementbau Osthessen GmbH & Co., ELO KG
• GÜlermak A.S.
• STECS
• LAING O’Rourke
• Larsen & Toubro 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.

Printing Inks Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Printing Inks Market Growth & Trends

The global printing inks market size is expected to reach USD 23.8 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from end-use applications including flexible packaging & labels, corrugated cardboards, commercial letterpress, and folding cartons are the main factors expected to drive the market over the forecast period. Rise in consumer spending in Asia Pacific and North American regions, increasing demand for superior quality flexible packaging are some of the main parameters influencing the overall demand for printing inks globally.

Product innovations, technological progressions, new raw material sourcing models and expansion strategies are some of the major drifts the companies are focusing on to cater to the specific consumer requirements. The recent trends witnessed by this industry include rising significance of flexographic and digital toners, food-safe printing inks and a shift in consumer preference towards environment-friendly products.

The regulatory framework also plays a crucial role in this industry dynamics. Stringent regulations regarding toxic metals in solvents & volatile organic compound (VOC) emissions in these inks are expected to hamper the growth of the overall market. This rationale has led to increased usage of cellulose and rosin derivatives as resins for manufacturing energy-efficient inks.

Digital ink is expected to be the fastest growing product segment owing to its superior properties and specific demands from textile, ceramic and 3D printing application sectors. The digital toners have observed a lower label costs as compared to conventional inks and its potential of switching among labels instantly have resulted in this product to be the fastest growing.

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Printing Inks Market Report Highlights

• The global printing inks market generated revenues worth USD 19.2 billion in 2020 and is expected to grow at an estimated CAGR of 2.8% over the prediction period
• The packaging & labels segment was the largest application segment in 2020. Changing lifestyle of consumers, rising awareness for bio-degradable products within the middle-class population in emerging countries
• Polyurethane was the fastest growing polymer for 2020 and is expected to follow the same trend during the forecast period
• Asia Pacific accounted for over 30% of the overall revenue in 2020 owing to strong presence of numerous big companies in the regions and growing demand from emerging countries
• Major market players with a global presence include DIC Corporation, Flint Group, Sakata Inkx Corporation, Altana Epple Druckfarben, Tokyo Printing Ink Mfg. Co., Ltd and Huber Group
• Governmental regulatory agencies play a crucial part in the manufacturing process of the productswith norms such as EPA Clean Air Act regarding VOC emissions in environment and REACH regulations for safer food packaging materials dominate the global industry

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Printing Inks Market Segmentation

Grand View Research has segmented the global printing inks market on the basis of product, resins and application:

Printing Inks Product Outlook (USD Million, 2016 - 2028)

• Gravure
• Flexographic
• Lithographic
• Digital
• Others

Printing Inks Resin Outlook (USD Million, 2016 - 2028)

• Modified rosin
• Modified cellulose
• Acrylic
• Polyurethane
• Others

Printing Inks Application Outlook (USD Million, 2016 - 2028)

• Packaging & labels
• Corrugated cardboards
• Commercial printing/Publishing
• Others

Printing Inks Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America (CSA)
  • Brazil
• Middle East & Africa

List of Key Players of Priniting Inks Market

• Flint Group
• DIC Corporation
• Siegwerk Druckfarben AG & Co. KGaA
• Sakata Inx Corporation
• T&K TOKA Corporation
• Dainichiseika Color & Chemicals Mfg. Co., Ltd.
• DEERS I CO., Ltd.
• Epple Druckfarben AG
• TOYO INK SC HOLDINGS CO., LTD.
• Hubergroup
• TOKYO PRINTING INK MFG CO., 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.

Masterbatch Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Masterbatch Market Growth & Trends

The global masterbatch market size is expected to reach USD 8.07 billion by 2030 to expand at a CAGR of 6.6% from 2023 to 2030 as per the new report by Grand View Research, Inc. Increasing replacement of metal with plastic is projected to fuel the market growth. In addition, rising demand from the European region is expected to propel the demand over the forecast period.

In terms of revenue, black masterbatch was the largest type segment in 2022 and the trend is anticipated to continue over the forecast period. The increasing need for improving the surface appearance of plastic components in automotive and transportation, building and construction, and consumer goods is expected to contribute to the growth. Additive masterbatch is being widely used on account of various properties it imparts to plastics such as antistatic, antifoaming, antioxidant, antimicrobial, thermo-stabilizer, barrier properties, metal deactivators, anti-block, flame retardant, UV stabilizer, oxygen scavenger, and abrasion resistance. The growth of the packaging sector, especially plastic packaging, is anticipated to drive the demand.

These are used in various end-use industries, such as packaging, building and construction, consumer goods, automotive and transportation, and agriculture, as it imparts useful functional properties such as smooth surface finish and desired hardness. The increasing spending capability of customers toward purchasing attractively packaged consumer goods is expected to trigger the need for various plastic componentss to improve the appearance and other properties. These factors together are anticipated to boost the market demand over the forecast period.

In terms of revenue, polypropylene (PP) was the largest carrier polymer segment in 2022 and the trend is anticipated to continue over the forecast period. Polypropylene offers excellent electrical resistance and does not present stress-cracking problems at high temperatures and strong chemicals. As such, it is useful in both rigid and flexible packaging applications. The demand for polypropylene as a carrier polymer is projected to increase owing to its excellent mechanical strength and flexibility offered by it. Polypropylene also enhances the quality of surfaces. It is lightweight and therefore, is used to replace metal components in the automotive industry.

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Masterbatch Market Report Highlights

• The black segment witnessed the fastest growth rate with a CAGR of nearly.7.1% as color masterbatch finds application in various end-use industries such as packaging, building and construction, consumer goods, automotive and transportation, and agriculture
• Polyethylene emerged as the second-largest carrier polymer segment, in terms of revenue, in 2022. The growing popularity on account of useful properties of HDPE, LDPE, and LLDPE is projected to drive the segment.
• The packaging segment emerged as the largest end-use segment in 2022 due to different types of the industrial, customer, and retail packaging segments across various geographies
• The U.S. market size was valued at USD 900.26 million in 2022. The consumer goods industry in the U.S. is projected to witness the fastest growth over the forecast period owing to the increasing demand from customers.
• According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), the production of commercial vehicles reached 8.3 million in 2022, up from 7.6 million in 2021. Thus, with the growing production of automobiles, the demand for automotive plastics in exterior and interior parts is anticipated to rise. This is likely to drive the demand for masterbatch in automotive sector over the forecast period.

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Masterbatch Market Segmentation

Grand View Research has segmented the global masterbatch market report based on type, carrier polymer, end-use, and region:

Masterbatch Type Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• White
• Black
• Color
• Additive
• Filler
• Biodegradable

Masterbatch Carrier Polymer Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• Polypropylene (PP)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Biodegradable Plastics
• Others

Masterbatch End-use Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• Packaging
• Building & Construction
• Consumer Goods
• Automotive & Transportation
• Agriculture
• Others

Masterbatch Regional Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Masterbatch Market

• Schulman, Inc.
• Ampacet Corporation
• Cabot Corporation
• Clariant AG
• Hubron International Ltd.
• Penn Color, Inc.
• Plastiblends India Ltd.
• Global Colors Group
• PolyOne Corporation
• Tosaf 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.

Global Medical Plastics Market Outlook & Future Forecast Report Till 2030

 Medical Plastics Market Growth & Trends

The global medical plastics market size is expected to reach USD 48.3 billion by 2028, growing at a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. Robust growth in the medical industry coupled with rising healthcare expenditure across the world are anticipated to drive the global market over the forecast period. The market is expected to register significant growth owing to the high adoption of plastics for implants on account of their chemical inertness and superior fatigue resistance.

Asia Pacific region is expected to progress at the fastest CAGR of 8.5% over the forecast period on account of the rising consumer expenditure on healthcare. In addition, the low cost of medical procedures in the region makes it a favorable destination for medical tourism, thereby leading to an increase in the demand for medical devices. Furthermore, the recent outbreak of COVID-19 in countries, such as China, India, Japan, Australia, and Indonesia, has created a huge product demand from applications such as testing equipment, medical bags, gloves, masks, ventilators, syringes, surgical drapes, and Personal Protective Equipment (PPE). Thus, the rising cases of COVID-19 in the region are projected to substantially drive market growth.

The medical components application segment accounted for the highest revenue share in 2020 on account of the high consumption of superior-grade plastics in the production of catheters, syringes, containers, and surgical equipment. The requirement for easier sterilization coupled with the need for lightweight and high-strength products is expected to propel the product demand in the aforementioned applications. The medical device packaging segment is projected to witness significant growth over the forecast period. Rising cases of chronic diseases owing to the growing geriatric population are estimated to drive the demand for portable, lightweight, and compact medical devices, thereby supporting market growth. The enhanced mechanical and thermal properties offered by PVC as compared to traditional materials, such as metals and glass, are anticipated to open up new avenues for market growth.

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Medical Plastics Market Report Highlights

• In terms of revenue, North America dominated the overall market in 2020 and is projected to retain its dominance expanding at a steady CAGR during the forecast period
• The companies in this market are involved in the production of premium-quality plastic composites used for specialized applications to achieve a high degree of product differentiation
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, in April 2020, Exxon Mobil Corp. announced to increase the monthly production of specialized Polypropylene (PP) by 1,000 tons to meet the growing demand for medical masks and gowns owing to the spread of the coronavirus
• This surge in the production of PP is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks

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Medical Plastics Market Segmentation

Grand View Research has segmented the global medical plastics market on the basis of application and region:

Medical Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Medical Device Packaging
• Medical Components
• Orthopedic Implant Packaging
• Orthopedic Soft Goods
• Wound Care
• Cleanroom Supplies
• BioPharm Devices
• Mobility Aids
• Sterilization & Infection Prevention
• Tooth Implants
• Denture Base Material
• Other Implants
• Others

Medical Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Medical Plastics Market

• Rochling Group
• Nolato AB
• GW Plastics, Inc.
• Saint-Gobain Performance Plastics
• SABIC
• Eastman Chemical Company
• Celanese Corporation
• Dow, Inc.
• Solvay S.A.
• Trelleborg Sealing Solutions
• Trinseo S.A.

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.

Expansion of Life Science Analytics Market During 2023 – 2030 to Gain Robust Traction: Grand View Research Inc.

 

Life Science Analytics Market Growth & Trends

The global life science analytics market size is expected to reach USD 16.3 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2023 to 2030. The growing demand to enhance patient care experience and improve clinical outcomes while minimizing rising healthcare expenses is driving the adoption of analytical solutions in the life sciences market. Social media and improving internet connectivity are significantly impacting the demand for analytical solutions. Emerging trends of the digitalization of healthcare and the growing demand for personalized medicine are contributing to the adoption rates. Furthermore, the adoption of big data analytics and the emergence of advanced data mining techniques are bolstering market growth. 

The ongoing Covid-19 pandemic exposed the shortcomings of the existing, overburdened healthcare systems, thus driving the demand for analytical solutions. Key players are rapidly making technological advancements to overcome the existing limitations and identify new verticals for growth. For instance, Moderna implemented IBM analytical solutions integrated with cloud computing, artificial intelligence algorithms, and blockchain solutions to successfully roll out their Covid-19 vaccine program.

The services component segment dominated the market in 2022 owing to the growing trend of outsourcing individual or multi-package services in implementing analytical solutions. Life science organizations lack the required expertise and resources, which drives the outsourcing of services from third-party vendors or consulting firms, which positively impacts the growth of the services segment. The descriptive type of analytical solutions led the market in 2021 owing to the growing implementation of descriptive analysis on historic datasets to analyze the current business scenarios. The predictive type segment is expected to grow lucratively over the forecast period owing to the rising adoption of advanced analytics to predict future outcomes and trends.

The sales and marketing support application segment dominated the market in 2022 owing to the rapid adoption of analytical solutions in sales and marketing functionalities of life science organizations to enhance customer responsiveness and improve engagement to achieve higher sales productivity. The research and development application segment is expected to grow significantly owing to the implementation of analytical solutions in the drug discovery and development process and clinical trial management. The growing product pipeline of life science organizations is contributing to the growth of the research and development segment. The on-demand delivery segment led the market in 2021 and is expected to grow lucratively owing to the rising demand for cloud-deployed and web-hosted analytical solutions with higher ease of access from remotest locations.

The pharmaceutical end-user segment dominated the market in 2022 owing to the rising adoption rates of analytical solutions in improving drug discovery processes and enhancing the efficiency of clinical trials. The biotechnology end-user segment is expected to register the fastest growth rate over the forecast period owing to the adoption of analytical solutions in genome sequencing and analysis. In 2021, North America dominated the market owing to advanced digital literacy, adequate healthcare IT infrastructure, the presence of key players, and high economic development. Asia Pacific is expected to grow lucratively owing to the emergence of startups, favorable funding options, supportive government initiatives, growing healthcare IT expenditure, and the easy availability of high-skilled and low-cost personnel.

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Life Science Analytics Market Report Highlights

• The services component segment dominated the market in 2022 due to the lack of expertise and resources in life science organizations, which drives them to outsource these services
• The descriptive type segment led the market in 2022 owing to the rising adoption of descriptive analytics on historic datasets to understand the current business scenarios
• The sales and marketing support application segment captured the largest revenue share in 2022 owing to the rising adoption of analytical solutions in enhancing customer responsiveness and engagement to improve sales productivity
• The on-demand delivery segment dominated the market in 2022 owing to the growing demand for cloud-deployed and web-hosted analytical solutions
• By end-user, the pharmaceutical segment held the largest revenue share in 2022 owing to the rising adoption of analytical solutions in clinical trials management and growing product pipeline
• North America dominated the market in 2022 owing to the availability of adequate healthcare IT infrastructure and higher digital literacy

Access Press Release@ https://www.grandviewresearch.com/press-release/global-life-science-analytics-market

Life Science Analytics Market Segmentation

Grand View Research, has segmented the global life science analytics market on the basis of component, type, application, delivery, end-user, and region:

Life Science Analytics Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Services

Life Science Analytics Type Outlook (Revenue, USD Million, 2018 - 2030)

• Reporting
• Descriptive
• Predictive
• Prescriptive

Life Science Analytics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Research and Development
• Sales and Marketing Support
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

Life Science Analytics Delivery Outlook (Revenue, USD Million, 2018 - 2030)

• On-demand
• On-premises

Life Science Analytics End User Outlook (Revenue, USD Million, 2018 - 2030)

• Medical Device
• Pharmaceutical
• Biotechnology
• Others

Life Science Analytics  Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Life Science Analytics Market

• Accenture
• Cognizant
• IBM
• Oracle
• SAS Institute, Inc.
• Wipro Limited
• IQVIA
• Take Solutions Limited

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.

Kaolin Market is Expected To Expand at a CAGR of 4.0% Over The Forecast Period: Grand View Research Inc.

 

Kaolin Market Growth & Trends

The global kaolin market size is expected to reach USD 5.22 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising prominence of kaolin especially in the manufacturing of whiteware ceramics is projected to aid the market growth over the predicted timeline.

According to the stats released by the United States Geological Survey (USGS) in 2022, the global production of kaolin was estimated at around 46 million tons in 2020. The key kaolin-producing countries are the U.S., Uzbekistan, China, India, Germany, the Czech Republic, and others. Among these countries, India was the front runner with a total estimated production volume of approximately 7.6 million tons in 2020.

Key global players in the kaolin industry include BASF SE, Sibelco, and Imerys SA. There are no significant merger & acquisition activities observed in recent years. Although, Sibelco N.V. and Thiele Kaolin Company initiated some acquisition activities in order to expand their product portfolio and diversify their business. These activities are projected to result in the consolidation of the industry over the coming years.

However, most of the players in the market are focused on increasing kaolin prices in order to ensure the long-term sustainability of the business. These players announced an increase in prices by 4% to 9% in 2021 for different applications, in which paper was a key application. Most of the companies experienced inflation in different aspects of the business including inflation in chemicals and freight costs. In addition, the downgrade caused due to the breakout of the pandemic from key application sectors directly impacted the revenue earnings of major market participants in 2020.

An increase in prices is projected to create less impact on the demand of kaolin, as this increase was initiated by most of the small, medium, and large companies across the globe. Imerys and BASF SE emerged among the top players in this market space. Imerys S.A. was established in 1880 and is engaged in the manufacture and marketing of kaolin products. The company is involved in the development of new products to maintain a strong hold over the global market with production facilities in the U.S., the UK, Brazil, Sweden, and France.

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Kaolin Market Report Highlights

• By application, paper dominated the market and accounted for a revenue share of nearly 37.0% in 2023. This growth is largely attributed to the growth in demand for paper packaging, especially for food deliveries. The work from home concept initiated due to the emergence of the pandemic directly prospered the demand for paper materials, thereby, positively aiding the kaolin industry.
• Ceramics was the second-largest application segment in 2023 and is expected to witness the highest CAGR of 5.5% in terms of revenue over the forecast period. The temporary shutdown during the first half of 2020 impacted the ceramics business volume, especially in the construction sector.
• The regional demand was primarily dominated by the Asia Pacific region which is projected to progress at a compounded annual growth rate of nearly 4.9% in terms of revenue over the forecast period
• Europe held a volume share of over 34.0% in 2023. Growing demand for paper products in food packaging is likely to aid market growth over the forecast period.

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

Kaolin Market Segmentation

Grand View Research has segmented the global kaolin market on the basis of application and region:

Kaolin Application Outlook (Volume, Kil0tons; Revenue, USD Million, 2018 - 2030)

• Paper
• Ceramics
• Paint & Coatings
• Fiberglass
• Plastic
• Rubber
• Pharmaceuticals & Medical
• Cosmetics
• Others

Kaolin Regional Outlook (Volume, Kil0tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Kaolin Market

• BASF SE
• EICL Ltd.
• Imerys S.A.
• I-Minerals Inc.
• KaMin LLC
• LB Minerals Ltd.
• Maoming Xingli Kaolin Co. Ltd.
• Quazwerke GmbH
• Sibelco
• Thiele Kaolin Company

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.

In Vitro Fertilization Market Is Expected To Accomplish A Valuation Of Around $37.4 Billion By 2030: Grand View Research Inc.

 

In Vitro Fertilization Market Growth & Trends

The global in vitro fertilization market size is expected to reach USD 37.4 billion by 2030, with a CAGR of 5.54% from 2024 to 2030, based on a new report by Grand View Research, Inc.The market's growth can be attributed to the continuous efforts of the market players, an increase in the incidence of infertility due to lifestyle changes, and government initiatives to improve reimbursement policies. Expansion of fertility procedures, such as Intracytoplasmic sperm injection (ICSI) for treating infertility, is expected to have a positive impact on market growth.

The availability of genomic testing facilities that enable the prevention of the transfer of genetic disorders during in vitro fertilization (IVF) is expected to drive the IVF market. The insurance providers are providing coverage for IVF procedures owing to an increase in the number of IVF treatments. For instance, in May 2023, Pacific Blue Cross introduced an enhanced Personal Health Insurance, a health & dental plan, which incorporates family planning benefits, including coverage for fertility drugs, fertility treatments, and adoption. With this enhancement, Pacific Blue Cross became the first and only provider in Canada to offer family planning benefits as part of an individual health & dental plan. This led to competitive pricing and moderated IVF treatment costs. This procedure has been a successfully practiced technology, driving the market with more treatment automation and standardization.

A decline in the Total Fertility Rate (TFR) results from factors, such as behavioral shifts in society. These factors include a shift from rural to urban societies, increased age of the first pregnancy, postponement of marriage, increased employment, and lower marriage rates. In March 2020, in-person fertility treatments in the U.S. and Canada were suspended due to COVID-19 by the American Society of Reproductive Medicine and Canadian Fertility and Andrology Society. However, treatment is resumed in many countries with the ease of COVID-19 restrictions. The research findings published by the Obstetrics & Gynecology journal in January 2022 reported that COVID-19 vaccines wouldn't harm IVF outcomes. This is expected to prove the uptake of IVF in eligible vaccinated individuals.

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In Vitro Fertilization Market Report Highlights

• Based on procedure type, the frozen nondonor type segment dominated the market in 2023 owing to the growing demand for the number of IVF cycles with the aid of frozen nondonor procedures increasing as compared to other procedures
• Based on end-use, the fertility clinics segment dominated the market in 2023 owing to the rise in demand for ART treatments along with cost-effectiveness, availability of specialists, good relations with the egg & sperm banks, and minimal or no chances of hospital-acquired infections to drive the growth of the market
• Based on instrument, the culture media segment held the largest revenue share in 2023 owing to a rise in the number of research activities being undertaken to improve the efficiency of culture media along with an increase in government funding and organizational support for employees for egg/sperm freezing
• Europe held the largest market share in 2023 due to the growing adoption of advanced technologies, such as time-lapse microscopy by the clinics, availability of affordable treatment, and adherence to medical standards
• Asia Pacific is expected to witness increased demand for IVF owing to high demand for fertility treatments and implemented policies & initiatives to support IVF. In Japan, eligible couples can apply for co-funding for a maximum of three cycles with USD 1,920 for each cycle
• The developing countries in the Asia Pacific are undertaking legal reforms to promote treatment adoption in the region. For instance, in February 2020, the Government of India approved a bill to regulate clinics offering reproduction assistance services, including IVF, artificial insemination, and surrogacy
• In June 2021, the lower house of parliament in France officially passed a law granting single women and lesbian couples access to medically assisted reproduction. This groundbreaking law marks a significant milestone, allowing these individuals and couples to receive fertility treatments, including IVF, at no cost
• In June 2023, Nova IVF Fertility, India's second-largest infertility treatment chain, announced that they plan to reach 100 centers in the next four years through organic expansion and acquisitions

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

In Vitro Fertilization Market Segmentation

Grand View Research has segmented the global in vitro fertilization market based on instrument, procedure type, end-use, and region:

In Vitro Fertilization Instrument Outlook (Revenue, USD Million, 2018 - 2030)

• Disposable Devices
• Culture Media
• Capital Equipment

In Vitro Fertilization Procedure Type Outlook (Revenue, USD Million, 2018 - 2030)

• Fresh Donor
• Frozen Donor
• Fresh Non-donor
• Frozen Non-donor

In Vitro Fertilization End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Fertility Clinics
• Hospitals & Others Setting

In Vitro Fertilization Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Belgium
  • Netherlands
  • Switzerland
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of In Vitro Fertilization Market

• Bayer AG
• Boston IVF
• Cook Medical LLC
• EMD Serono, Inc.
• Ferring B.V.
• FUJIFILM Irvine Scientific (FUJIFILM Holdings Corporation)
• Genea Biomedx
• EMD Serono, Inc. (Merck KGaA)
• Merck & Co., Inc.
• OvaScience, Inc.
• Progyny, Inc.
• The Cooper Companies, Inc.
• Thermo Fisher Scientific, Inc.
• Vitrolife

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 Industrial Enzymes Market Industry Outlook & Future Forecast Report Till 2030: Grand View Research Inc.

 

Industrial Enzymes Market Growth & Trends

The global industrial enzymes market size is expected to reach USD 11.42 billion by 2030, expanding at 6.4% CAGR from 2024 to 2030, as per a new report by Grand View Research, Inc.  This is due to the growing demand for industrial enzymes in several applications such as animal feed, food & beverage, and nutraceutical. Increasing consumer awareness about health has resulted in the growing use of functional food products, which is expected to trigger product demand in the coming years.

Microorganisms are rapidly becoming a key source of enzymes, owing to their low production costs and easy availability of raw materials. End-use industries rely heavily on enzymes derived from microorganisms as they can be used to make a wide range of products. This, in turn, is anticipated to positively impact the demand for the industrial enzymes industry.

The demand is projected to be positively impacted over the forecast period by the rising consumption of functional food products due to the growing awareness of a person's health. Cellulose and amylase are the two subtypes of carbohydrate. It is frequently utilized as a component in the creation of carbonated beverages. Increased use of various types of carbohydrase in the pharmaceutical and animal feed industries would further increase demand for industrial enzymes in the coming years.

The COVID-19 pandemic had a positive impact on various end-use industries around the world, causing a supply-demand gap. The demand for the product in biofuel and textiles was moderately impacted by a demand-supply gap combined with the global lockdown of the automotive industry. However, the market experienced positive demand during the pandemic due to the increased adoption of enzymes in various industries such as animal feed, food, and cleaning products.

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Industrial Enzymes Market Report Highlights

• The food and beverage segment dominated the market with the highest revenue share of 21.05% in 2023
• The carbohydrase segment dominated the market with the highest revenue share of 48.34% in 2023
• The food and beverage segment dominated the market with the highest revenue share of 21.05% in 2023
• North America dominated the market with the highest revenue share of 37.65% in 2023
• Companies such as BASF SE, DuPont Danisco, Novus International., and Associated British Foods plc dominate the global market with their extensive presence throughout the value chain. The market is highly competitive with companies engaged in increasing their production capacity along with enhancing regional presence

Access Press Release@ https://www.grandviewresearch.com/press-release/global-industrial-enzymes-market

Industrial Enzymes Market Segmentation

Grand View Research has segmented the global industrial enzymes market report based on product, source, application, and region

Industrial Enzymes Product Outlook (Revenue, USD Million, 2018 - 2030)

• Carbohydrase
• Proteases
• Lipases
• Polymerases & Nucleases
• Others

Industrial Enzymes Source Outlook (Revenue, USD Million, 2018 - 2030)

• Plants
• Animals
• Microorganisms

Industrial Enzymes Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverages
• Detergents
• Animal Feed
• Biofuels
• Textiles
• Pulp & Paper
• Nutraceutical
• Personal Care & Cosmetics
• Wastewater
• Agriculture
• Others

Industrial Enzymes Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Industrial Enzymes Market

• BASF SE
• Novozymes
• DuPont Danisco
• DSM
• NOVUS INTERNATIONAL
• Associated British Foods Plc
• Hansen Holding A/S
• Advanced Enzyme Technologies
• Lesaffre
• Adisseo
• BioProcess Algae, LLC
• Koninklijke DSM N.V.

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.