Cat Litter Products Market to Penetrate Untapped Regions During 2024 to 2030: Grand View Research Inc.

Cat Litter Products Market Growth & Trends

The global cat litter products market size is expected to reach USD 22.31 billion by 2030, registering a CAGR of 5.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Pet ownership rates have been steadily increasing across the globe. Many people view pets as companions and part of the family, leading to higher adoption rates for dogs, cats, and other pets. This trend has fueled the demand for cat litter products and other pet care products and services.

According to the statistics published by the American Pet Products Association, Inc., in 2022, Generation Z accounted for 16% of pet ownership in the U.S., representing a noteworthy portion of the overall pet market. This indicates that Generation Z individuals have emerged as a significant consumer segment within the pet industry. The level of pet ownership among this demographic highlights their engagement and potential impact on the market.

The market is influenced by numerous technology trends that are revolutionizing cat care. Smart litter boxes with automated cleaning and health monitoring capabilities are gaining popularity, offering cat owners convenience and efficiency. Eco-friendly litter materials such as plant-based and biodegradable options are also being developed, addressing consumer demands for sustainability. Online platforms and mobile apps are enabling easy access and personalized shopping experiences. These advancements are enhancing functionality, eco-consciousness, and convenience in the market.

Manufacturers and key companies continuously innovate to meet the growing demand for natural options. For instance, in October 2020, MARS Petcare, the leading global pet food company, launched the CATSAN Hygiene Plus non-clumping litter brand in the Indian market. CATSAN, a trusted cat hygiene brand with over 30 years of experience, made its high-quality litter available to Indian pet parents through Amazon India's website. The non-clumping litter offers several key features, including triple odor protection with fine-pored hygiene granules that effectively soak up the liquid and keep the litter noticeably clean. It is made from select natural ingredients, free from bleach or scent, ensuring a 100% natural and safe product.

The emergence of direct selling marketing techniques is creating lucrative opportunities and widening the scope for market growth. Increasing focus on eliminating unnecessary middlemen has led to the development of initiatives such as the No Middleman Project. For instance, PrettyLitter caters directly to consumers, delivering value to cat parents in terms of time, cost, and effort. In addition, KitNipBox is a direct-to-consumer monthly cat subscription box with different subscription plans. Thus, a large number of companies in the market are adopting this channel to provide the ultimate level of convenience to cat parents. The rising penetration of the subscription-based business model also supports the market's growth.

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Cat Litter Products Market Report Highlights

• Based on product type, the clumping segment is expected to witness substantial growth over the forecast period. The ability of clumping litter to form solid clumps when it comes in contact with any liquid makes it easier to scoop out the soiled litter, leaving behind clean and fresh litter
• Based on raw material, the wood/bamboo/sawdust segment is expected to witness substantial growth over the forecast period from 2024 to 2030. This is due to their eco-friendly, biodegradable nature, which aligns with the increasing consumer demand for sustainable and natural pet care options
• Based on distribution channel, the supermarkets and hypermarkets segment held the majority share in the overall sales channel in 2023 because of their wide reach, convenience, and ability to offer a diverse range of brands and options, making it easier for consumers to find and purchase cat litter products
• The Asia Pacific region is anticipated to grow with the highest CAGR over the forecast period. The rise in disposable income allows pet owners to invest in premium and higher-priced cat litter products that offer better quality, performance, and convenience

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Cat Litter Products Market Segmentation

Grand View Research has segmented the global cat litter products market on the basis of product type, raw materials, distribution channel and region

Cat Litter Products Product Type Outlook (USD Million; 2018 - 2030)

• Clumping
• Conventional

Cat Litter Products Raw Material Outlook (USD Million; 2018 - 2030)

• Clay
• Silica
• Wood/Bamboo/Sawdust
• Paper
• Soy
• Corn/Grain
• Others

Cat Litter Products Distribution Channel Outlook (USD Million; 2018 - 2030)

• Supermarkets and Hypermarkets
• Specialty Retail Stores
• Convenience Stores
• Online/E-commerce

Cat Litter Products Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players in the Cat Litter Products Market

• Nestlé S.A.
• The Clorox Company
• Mars, Incorporated
• Oil-Dri Corporation of America
• Church & Dwight Co., Inc.
• Kent Corporation
• Intersand
• Elsey's
• Weihai Pearl Silica Gel Co., Ltd.
• Pettex 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.

Healthcare Contract Manufacturing Market Expected To Trigger A Revenue To $347.5 Billion By 2030: Grand View Research, Inc.

 Healthcare Contract Manufacturing Market Growth & Trends

The global healthcare contract manufacturing market size is expected to reach USD 347.5 billion by 2030, expanding at a CAGR of 9.5% during the forecast period, according to a new report by Grand View Research, Inc. The changing regulatory landscape coupled with rising offshoring to emerging countries is anticipated to propel the healthcare contract manufacturing market growth over the forecast period. For instance, in June 2023, FUJIFILM Diosynth Biotechnologies announced to have a commercial office in Tokyo, offering contract development and manufacturing services for advanced therapies and biologics to Asian pharmaceutical and biotechnology companies.     

Due to the emergence of infections, such as COVD-19 many organizations are attempting to accelerate production to meet the growing demand. Thus, these companies are appointing healthcare CMOs to speed up their production processes, as well as reduce their overall costs to meet the increasing demand for medical products. The worldwide effort to develop a vaccine and therapeutic agent against COVID-19 has created the greatest opportunity for many large as well as small CMOs as the pharmaceutical companies are manufacturing vaccine doses on large scale. Hence, the pandemic had a positive impact on this industry.

Increasing demand for advanced products is another factor driving the industry scale. Original Equipment Manufacturers (OEMs) are outsourcing the manufacturing activities of medical devices to third parties, mainly in developing countries to gain economic benefits. Furthermore, these regions are witnessing rising cases of chronic conditions such as heart disorders, thereby positively affecting the market growth. Changes in reimbursement schemes are some of the major factors anticipated to increase the adoption of cost containment measures by OEMs. For instance, to prevent reimbursement issues from impacting financing goals, device manufacturers are developing a well-planned reimbursement strategy in parallel with their regulatory and clinical strategies in the early phases of product development.

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Healthcare Contract Manufacturing Market Report Highlights

• The pharmaceutical segment dominated the market with a share of 65.1% in 2022 owing to a low manufacturing budget and highly sophisticated contract manufacturing service offerings
• The medical devices segment is expected to be the fastest-growing segment with a CAGR of 9.7% owing to increasing pressure on OEMs to reduce costs and enhance the timeline for taking a product to market
• Cardiology is the dominant category in the medical device contract manufacturing segment, with a revenue share of 20.6% in 2022, owing to the rising demand for cardiovascular devices as a result of the increasing prevalence of associated heart conditions
• Asia Pacific is expected to witness lucrative growth of 10.6% from 2023 to 2030, owing to the presence of a large number of service providers, lower costs, and growing demand for medical devices in the region
• Based on end use segment, the pharmaceutical and biopharmaceutical companies category held the highest revenue share of 55.6% in 2022. High segment shares are mainly due to the increasing rate of biologics approval across the globe, thereby boosting demand for its bulk production contract manufacturing services

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Healthcare Contract Manufacturing Market Segmentation

Grand View Research has segmented the global healthcare contract manufacturing market based on type, end use, and region:

Healthcare Contract Manufacturing Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Medical Devices
  • Service
    • Accessories manufacturing
    • Assembly manufacturing
    • Component manufacturing
    • Device manufacturing
  • Therapeutic Area
    • Cardiology
    • Diagnostic imaging
    • Orthopedic
    • IVD
    • Ophthalmic
    • General & plastic surgery
    • Drug delivery
    • Dental
    • Endoscopy
    • Diabetes care
    • Others
  • Pharmaceutical
    • API/Bulk Drugs
    • Advanced drug delivery formulations
    • Packaging
    • Finished dose formulations
      • Solid
      • Liquid
      • Semi-solid formulations

Healthcare Contract Manufacturing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Medical Device Companies
• Pharmaceutical & Biopharmaceutical Companies
• Others

Healthcare Contract Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.                
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
  • Belgium
  • Netherlands
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
  • Philippines
  • Malaysia
  • New Zealand
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Israel

List of Key Players of Healthcare Contract Manufacturing Market

• Nordson Corporation
• Integer Holdings Corporation
• Jabil Inc.
• Viant Technology LLC
• FLEX LTD.
• Celestica Inc.
• Sanmina Corporation
• Plexus Corp.
• Phillips-Medisize
• West Pharmaceutical Services, Inc.
• Synecco Ltd
• Catalent, Inc.
• Thermo Fisher Scientific Inc.
• Recipharm AB
• Boehringer Ingelheim International GmbH
• Lonza
• Samsung Biologics
• WuXi AppTec
• FUJIFILM Diosynth Biotechnologies
• Cambrex 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.

Base Station Antenna Market to Reach $25.58 Billion by 2030: Grand View Research Inc.

 Base Station Antenna Market Growth & Trends

The global base station antenna market size is expected to reach USD 25.58 billion by 2030, registering a CAGR of 17.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the faster development of mobile networks, which is being driven by rising demand for high-speed data transmission and the advent of new technologies such as 5G. As mobile operators attempt to improve network coverage and capacity, there is a rising demand for efficient and dependable base station antennas that can handle higher data rates and accommodate a greater number of connected devices.

The market is witnessing a shift towards advanced antenna technologies, including massive MIMO (Multiple Input Multiple Output), beamforming, and smart antennas. Massive MIMO adjusts antenna beam forms via 3D beamforming, concentrating radio power on target terminals within the target antenna coverage. This boosts spectral efficiency and sector-level throughput efficiently. Because of its high performance, massive MIMO is a key 5G technology. Massive MIMO is predicted to give network capacity 100 times more than existing LTE-A and LTE-A Pro solutions when mobile networks move to 5G.

Base station antennas are also designed to support advanced frequency bands, such as the millimeter wave (mmWave) bands used in 5G networks. These antennas enable high-speed data transmission and the exploitation of larger bandwidths available in these frequency ranges. Advanced frequency bands, including mmWave bands, offer significantly wider bandwidths than traditional frequency bands. This allows for higher data transmission rates, enabling applications that require ultra-fast data transfer, such as high-definition video streaming, Virtual Reality (VR), Augmented Reality (AR), and immersive gaming experiences.

The outbreak of the COVID-19 pandemic impacted the base station antenna market due to the disruptions of the supply chain functions. Despite the challenges, the pandemic highlighted the critical importance of reliable and high-speed connectivity. With remote work, online education, telemedicine, and increased digital activities, the demand for robust network infrastructure and base station antennas surged. The need to accommodate higher data traffic and ensure seamless connectivity prompted network operators to accelerate their investments in base station antennas.

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Base Station Antenna Market Report Highlights

• The hardware segment dominated the market in 2022 owing to the advancements of sophisticated antenna designs and technologies to meet the ever-increasing needs of 5G networks which is a crucial element in driving the segment’s growth.
• The 5G segment is projected to witness significant growth over the forecast period. The development of mmWave (millimeter-wave) base station antennas to support the higher frequencies used in 5G networks is adding to the segment's growth.
• The urban segment dominated the market in 2022. There is a rising need for base station antennas in urban areas that can accommodate several wireless communication frequencies and technologies.
• The mobile communication segment dominated the market in 2022 owing to the ability of Base station antennas to contribute to better signal strength and quality in mobile communication.
• The North America segment is projected to witness significant growth over the forecast period. Network operators are investing heavily in 5G infrastructureto provide faster data speeds, lower latency, and support for emerging technologies like Internet of Things (IoT) and smart cities.

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Base Station Antenna Market Segmentation

Grand View Research has segmented the global base station antenna market based on offering, technology, provision, application, and region:

Base Station Antenna Offering Outlook (Volume, Units, Revenue, USD Billion, 2017 - 2030)

• Hardware
  • Omni-Directional Antenna
  • Sector Antenna
  • Multibeam Antenna
  • Dipole Antenna
  • Small Cell
  • Others
• Services

Base Station Antenna Technology Outlook (Volume, Units, Revenue, USD Billion, 2017 - 2030)

• 3G
• 4G/LTE
• 5G

Base Station Antenna Provision Outlook (Volume, Units, Revenue, USD Billion, 2017 - 2030)

• Urban
• Semi-Urban
• Rural

Base Station Antenna Application Outlook (Volume, Units, Revenue, USD Billion, 2017 - 2030)

• Mobile Communication
• Intelligent Transport
• Industrial IoT
• Smart City
• Military & Defense
• Others

Base Station Antenna Regional Outlook (Volume, Units, Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players in the Base Station Antenna Market

• CommScope Holding Company, Inc.
• Huawei Technologies Co., Ltd.
• Amphenol Antenna Solutions
• ACE Technologies Corp.
• Comba Telecom Systems Holdings Ltd.
• PCTEL Inc
• Tongyu Communication Inc
• Radio Frequency Systems (RFS)
• Telefonaktiebolaget LM Ericsson
• Kaelus

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 Nanocellulose Market During 2023– 2030 to Gain Robust Traction: Grand View Research Inc.

 Nanocellulose Market Growth & Trends

The global nanocellulose market size is expected to reach USD 1,517.5 million by 2030 to expand at a CAGR of 20.1% from 2023 to 2030 as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the growing concerns regarding the environment and the use of non-toxic and biodegradable packaging material. This shifting trend is anticipated to augment demand for bio-based products which will propel the demand the forecast period.

Nanocellulose has enormous potential for expansion in a variety of applications, including food packaging, composites, medicines, personal care, and others. However, the use of nanocellulose-based composites and paper processing has widened owing to its environmentally friendly properties.

Due to their physicochemical properties, cellulose nano fibrils are regarded as one of the greatest futuristic materials for the manufacture of textile products. These nano materials offer great stiffness, high strength, low coefficient of thermal expansion, chemical inertness, and the capacity to change their surface chemistry in addition to being renewable and naturally plentiful. Because of these features, manufacturers of textiles and nonwovens are mixing their traditional textiles with these Nano fibrils, propelling the market growth.

Additionally, CNC has the benefits of high strength, low density, high stiffness, biocompatibility, low thermal expansion coefficient, and renewable sources. Due to these benefits, nanocellulose application in composite materials has drawn more attention. Engineering plastics, biodegradable plastics, biomedical materials, water purification materials, and composites for electronic component applications are some of the major applications.

Growing need for sustainability has increased product demand in the manufacture of composites and packaging items. However, the pandemic had a significant impact on the market, particularly in the paper and pulp industries. The utilization declined when the demand for paper cut down owing to the global supply constraints on the product. However, the companies expanded into the production of personal protective equipment (PPE) such as masks and gowns utilizing non-woven derived from pulp, which directly led in increased demand for the nanocellulose.

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Nanocellulose Market Report Highlights

• The growth is attributed majorly due to the shifting trend towards sustainable packaging materials over synthetic materials
• Europe dominated the global market in 2022 with a revenue share of 35%. This is attributed to increased industrialization and awareness of the usage of lighter and stronger packaging materials, derived from biodegradable sources, as well as technological advancements in this region
• Cellulose Nanofibers (NFC, MFC) type segment dominated the market in 2022 contributing 50% to the global revenue. This is because when compared to other fibers, CNF is the most flexible, longest, and has the largest surface area
• Pulp & paperboard application segment was the largest application segment in terms of revenue as it contributed 25% to the global revenue share. This is attributable to the high demand for alternate environment-friendly and durable packaging material.
• The market is consolidated with the presence of a few players globally. Companies are investing in R&D to develop innovative products in-lined with the stringent environmental norms

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Nanocellulose Market Segmentation

Grand View Research has segmented the global nanocellulose market report based on type, application, and region:

Nanocellulose Type Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• CNF (NFC, MFC)
• Bacterial Cellulose
• CNC

Nanocellulose Application Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• Pulp & Paperboard
• Composites
• Pharmaceuticals & Biomedical
• Electronics
• Food & Beverages
• Others (Textile, Paints, cosmetics, Oil & Gas, Cement)

Nanocellulose Regional Outlook (Revenue, USD Million; Volume, Tons; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Netherlands
  • France
  • Finland
  • Norway
  • Sweden
  • Switzerland
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Singapore
• Central & South America
  • Brazil
  • Colombia
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Israel
  • Iran

List of Key Players of Nanocellulose Market

• Cellu Force
• Fiber Lean
• NIPPON PAPER INDUSTRIES CO., LTD.
• Kruger INC
• Borregaard AS
• CelluComp
• Melodea Ltd
• Blue Goose Refineries
• GranBio Technologies
• Stora Enso Biomaterials

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.

Osteoarthritis Therapeutics Market To Hold a High Potential for Growth by 2030: Grand View Research Inc.

 Osteoarthritis Therapeutics Market Growth & Trends

The global osteoarthritis therapeutics market size is estimated to reach USD 13.57 billion by 2030 and is projected to grow at a CAGR of 6.82% from 2024 to 2030, according to a new report by Grand View Research, Inc.  The osteoarthritis therapeutics market is on the rise, driven by an increase in OA cases, especially among the aging population. In the U.S. alone, there are over 32.5 million OA patients, highlighting the demand for effective treatments. Ongoing research and development efforts are focused on creating new therapies, with a particular emphasis on understanding the disease and developing solutions to address its challenges.

Managing OA proves difficult owing to its dense tissue structure, but the introduction of novel drugs such as intra-articular drug administration has accelerated the development of targeted drug delivery. Researchers are actively exploring disease-modifying drugs and bioadaptive carriers to enhance the development of innovative osteoarthritis treatments. Market players are taking initiatives to contribute to market expansion, as seen with OrthoTrophix, Inc. presenting clinical data and a registration plan for TPX-100 for knee osteoarthritis at BIO 2022.

In addition, significant efforts are being made by key pharmaceutical companies and research institutes in realm of research and development, especially for disease-modifying osteoarthritis drugs. For instance, BioSenic's Phase 3 data presentation at the 2024 OARSI World Congress showcased the efficacy of JTA-004 in treating severe inflammatory knee osteoarthritis. The post hoc analysis concluded that JTA-004 is both safe and effective, offering targeted pain management for this specific subtype of condition. These advancements in targeted drug delivery and disease-modifying drugs, as demonstrated by presentations and positive trial results, are contributing to the expansion of the market for novel osteoarthritis treatments.

Moreover, the market for OA is experiencing significant growth owing to the introduction of personalized medications such as Bisphosphonates (anti-resorptive drugs) and Synvisc-ONE injection. In addition, pharmaceutical companies and research institutions are actively engaged in developing personalized treatments and cell-based therapies for OA. In December 2023, researchers at Columbia University made a breakthrough discovery of stem cells in adult mice capable of maintaining healthy cartilage in joints, with their decline contributing to OA development due to aging and injury.

Investing in this sector offers companies the opportunity to capitalize on evolving demands, thus gaining a competitive advantage. By leading innovative medication development, companies establish themselves as frontrunners, solidifying their position in the market. The advent of personalized OA medications and advancements in cell-based therapies are key drivers of market expansion, empowering companies to emerge as leaders in the field.

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Osteoarthritis Therapeutics Market Report Highlights

• Based on drug type, the viscosupplementation agents segment led the market with the largest revenue share of 36.63% in 2023, osteoarthritis therapeutics market due to their adoption and efficacy in managing OA symptoms
• Based on anatomy, the knee osteoarthritis segment held a market with the largest revenue share of 41.96% in 2023. Knee osteoarthritis is one of the most common forms of chronic articular disease and osteoarthritis worldwide and is characterized by high disability & morbidity rates
• Based on route of administration, the parenteral route segment held the market with the largest revenue share of 39.94% in 2023 and is expected to grow at a CAGR of 7.50% over the forecast period, due to its efficacy for certain therapies, better pharmacokinetics and pharmacodynamics, and ease of administration
• Based on end-use, the hospital pharmacies segment held the market with the largest revenue share of 47.64% in 2023, owing to high hospitalization associated with OA

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Osteoarthritis Therapeutics Market Segmentation

Grand View Research has segmented the global osteoarthritis therapeutics market based on drug type, anatomy, route of administration, sales channel, end-use and region:

Osteoarthritis Therapeutics Drug Type Outlook (Revenue, USD Million, 2018 - 2030)

• Viscosupplementation Agents
• Nonsteroidal Anti-inflammatory Drugs
  • Naproxen
  • Aspirin
  • Diclofenac
  • Ibuprofen
  • Celecoxib
  • Meloxicam
  • Piroxicam
  • Ketoprofen
  • Other NSAIDs
• Analgesics
  • Duloxetine
  • Acetaminophen
• Corticosteroids
• Others

Osteoarthritis Therapeutics Anatomy Outlook (Revenue, USD Million, 2018 - 2030)

• Knee Osteoarthritis
• Hip Osteoarthritis
• Hand Osteoarthritis
• Others

Osteoarthritis Therapeutics Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Parenteral Route
  • Hyaluronic Acid Injections
  • Corticosteroid Injections
  • Platelet-rich Plasma (PRP) Injections
  • Placental Tissue Matrix (PTM) Injections
  • Acetylsalicylic Acid (ASA) Injections
  • Others
• Topical Route
• Oral Route

Osteoarthritis Therapeutics Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Prescription Drugs
• Over-the-Counter Drugs

Osteoarthritis Therapeutics End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital Pharmacies
• Retail Pharmacies
• Others

Osteoarthritis Therapeutics Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Osteoarthritis Therapeutics Market

• Sanofi SA
• GlaxoSmithKline plc
• Pfizer Inc
• Bayer AG
• Zimmer Biomet
• Novartis AG
• Anika Therapeutics
• Assertio Therapeutics, INC.
• Bioventus
• Ferring Pharmaceuticals 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.

Digital Transformation Market Pegged For Strong Growth During the Forecast Period: Grand View Research Inc.

Digital Transformation Market Growth & Trends

The global digital transformation market size is anticipated to reach USD 4,617.78 billion by 2030 and it is projected to grow at a CAGR of 27.6% from 2024 to 2030, according to new report by Grand View Research, Inc.Digital transformation assists companies in improving their brand reputation, customer experience, and customer retention ratios. These solutions also help end-user companies in education and training their employees to improve their productivity and speed up the organization’s journey to achieve business objectives. Furthermore, with the implementation of digital transformation solutions, organizations can meet the evolving market needs and improve their business profitability. Further, the market growth is particularly driven by rising companies’ investments in big data, mobility, and cloud technologies to develop advanced Digital Experience Platforms (DXPs).

The growing use of mobile devices and their applications has transformed the various aspects of modern life. Across the globe, organizations and enterprises are shifting from traditional brick-and-mortar operations to digital operations, driving the market growth. Furthermore, the emergence of novel technologies such as the Internet of Things (IoT), Robotic Process Automation (RPA), Machine Learning (ML), and Artificial Intelligence (AI), has increased the importance of mobile applications. The way businesses operate has changed dramatically in recent years, which is why having an attractive and innovative mobile application improves the way target clients interact and engage with services that the company offers. Further, consumers now have access to different types of apps and are provided under digital transformation solutions due to increasing smartphone adoption, creating positive outlook for the market.

The COVID-19 pandemic has forced various businesses to opt for cloud technology for remote working. This has resulted in growing demand for cloud services creating a favorable environment for market growth. This has resulted in the increased adoption of cloud services to ensure business continuity. Businesses are renewing their contracts with cloud service providers while anticipating an increase in cloud migrations and, in some cases, an acceleration in cloud transformation from their customers. The widespread adoption of a number of digital-first payment methods highlights the paradigmatic shift led by the pandemic. The Buy Now, Pay Later (BNPL) trend has witnessed increased popularity in 2020 & 2021. During the pandemic, Fintech innovation has not only helped meet the changing needs of consumers but also ensured that financial services were made easily available to those who needed them the most, creating robust opportunities for market growth.

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Digital Transformation Market Report Highlights

• Based on solution, the social media segment is expected to grow at a fastest CAGR of 29.5% over the forecast period. The growing number of users of social media platforms, the shifting focus of end-user companies on improving their brand identity through creative advertisements on social media platforms, and advancements in social media tools are driving the segment growth
• Based on service, the professional services segment is expected to grow at a fastest CAGR of 29.2% over the forecast period as these services help organizations in digitizing their business operations. The professional services help end-user organizations select proper digital transformation solutions, manage the operations of cloud-based digital transformation solutions, address client issues, and effective resource utilization, among other assistance
• Based on deployment, the hosted segment is expected to grow at a CAGR of 30.8% over the forecast period. The proliferation of cloud-based digital transformation solutions, cloud technology’s various benefits such as minimum hardware requirement, low operating costs, & easy accessibility, and rising public & private investment in cloud platforms are driving the segment growth
• Based on enterprise, the small & medium-sized enterprises (SMEs) segment is expected to grow at a fastest CAGR of 29.2% over the forecast period. The increasing importance of digital technologies and the availability of low-cost digital transformation solutions are driving the market growth among SMEs
• Based on end-use, the healthcare segment is expected to grow with a fastest CAGR of 29.4% during the forecast period. Digital transformation is anticipated to improve the quality of patient care. The COVID-19 pandemic propelled the adoption of advanced medical technologies such as remote patient monitoring, telemedicine, virtual reality, and neurotechnology, supporting the segment's growth
• The Asia Pacific market is expected to grow at a remarkable CAGR of 30.3% during the forecast period, owing to the expansion of the e-commerce industry, government investments in digital infrastructure, and the growing use of process automation tools powered by the latest technologies, such as AI, ML, Blockchain, and cloud computing.

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Digital Transformation Market Segmentation

Grand View Research has segmented the global digital transformation market based on solution, service, deployment, enterprise size, end-use, and region:

Digital Transformation Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Big Data & Analytics
• Artificial Intelligence (AI)
• Cyber Security
• Cloud Computing
• Mobility
• Social Media
• Others (Internet-of-Things (IoT), Blockchain)

Digital Transformation Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Professional Services
• Implementation & Integration

Digital Transformation Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Hosted
• On-premise

Digital Transformation Enterprise Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprise
• Small & Medium Enterprise

Digital Transformation End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others (Education, Media & Entertainment, Transportation, Travel & Hospitality)

Digital Transformation Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Players in Digital Transformation Market

• Accenture plc
• Adobe Systems Inc.
• Broadcom, Inc.
• Cisco Systems, Inc.
• Dell EMC
• Dempton Consulting Group
• Google Inc.
• Happiest Minds
• Hewlett Packard Enterprise Co.
• International Business Machines Corporation
• Kellton Tech Solutions Ltd.
• Microsoft Corporation
• Salesforce, Inc.
• SAP SE
• TIBCO Software

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.

Adhesives And Sealants Market to Reap Excessive Revenues By 2030

Adhesives And Sealants Market Growth & Trends

The global adhesives and sealants market size was estimated at USD 107.27 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2030. Rising investments in construction and infrastructure is projected to play a key role in the expansion of the global adhesive & sealants industry. 

The positive outlook of infrastructure projects across Asia, the U.S., the Middle East, and Eastern Europe is likely to fuel the demand for adhesives and sealants over the coming years. With environmental regulations forcing industry participants to adopt eco-friendly products, water-based and non-solvent products are projected to gain greater prominence in the market in the near future.

Increasing infrastructure spending across residential and commercial sectors worldwide is propelling the installation of different types of flooring such as resilient and wooden, which, in turn, is fueling the consumption of adhesives and sealants. The rising need for residential space on account of the increasing population as well as the rising standard of living is leading toward the growth of the global industry. 

The adoption of adhesive products is substituting the usage of mechanical fasteners in industries such as automotive, aerospace, and packaging. The use of such products instead of conventional equipment offers a reduction in the final weight of the product, which has become a key focus area in the automotive and aerospace industries over the last half a decade. Most formulators in the packaging industry also rely on adhesives rather than heavy bolting techniques to minimize their freight charges. 

The major demand arises across multiple application scopes as buyers from diverse fields demand high-quality, sustainable, and eco-friendly products. The demand is high for adhesives & sealants, which have lower levels of Volatile Organic Compounds (VOCs), give out fewer emissions, and provide aesthetic bonding solutions across numerous substrates, simultaneously meeting international and regional government regulations. Water-based products are considered environment-friendly since they contain zero VOCs. They also provide good long-term high temperature and moisture resistance.

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Adhesives And Sealants Market Report Highlights

• Adhesives accounted for a revenue share of over 86% in 2022 in the global market. The market is projected to grow on account of rising construction spending around the world, owing to growing demand in applications such as flooring, carpet laying, countertop lamination, and drywall lamination, etc
• In terms of volume, Asia Pacific was the largest regional market in 2023 and is anticipated to maintain its dominance over the forecast period. The growth of the region is primarily attributed to the expansion of industrial sectors in countries such as China, India, South Korea, Indonesia, and Singapore among others
• Paper & packaging application segment accounted for a volume share of 29.38% in 2023, in global adhesives demand. Rising demand for flexible packaging for end-use industries such as food & beverage and consumer is projected to benefit the expansion of the segment
• The water-based technology segment is projected to grow on account of excellent joining quality and fast set speed and reduction in the usage of solvent-based technology formulations. This segment is likely to grow at a CAGR of 6.5% from 2023 to 2030, in terms of revenue

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Adhesives And Sealants Market Segmentation

Grand View Research has segmented the adhesives and sealants market report based on product, technology, application, and region

Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Water Based
• Solvent Based
• Hot Melt
• Reactive & Others

Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic
• PVA
• Polyurethanes
• Styrenic block
• Epoxy
• EVA
• Others

Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Paper & packaging
• Consumer & DIY
• Building & construction
• Furniture & woodworking
• Footwear & leather
• Automotive & transportation
• Medical
• Others

Sealants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Silicones
• Polyurethanes
• Acrylic
• Polyvinyl acetate
• Others

Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction
• Automotive
• Packaging
• Assembly
• Consumers
• Others

Adhesives & Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Adhesives And Sealants Market

• 3M Company
• Ashland Inc.
• Avery Denison Corporation
• H B Fuller
• Henkel AG
• Sika AG
• Pidilite Industries
• Huntsman
• Wacker Chemie AG
• RPM International 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.

Facial Recognition Market Primed to Hit $15.84 Billion by 2030

 Facial Recognition Market Growth & Trends

The global facial recognition market size is expected to reach USD 15.84 billion by 2030 according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 14.9% from 2023 to 2030. Facial recognition is a contactless biometric solution that is a critical factor contributing the market growth. Contactless solutions enable easy deployment in consumer devices. It is also effortless and convenient to use, further contributing to rising adoption. Apart from individual identities, the technology can gather demographic data on crowds; thus, increasing its usability. Such factors are anticipated to drive market growth.

Facial recognition is highly used for security and law enforcement applications, as it is led mainly by the need to combat terrorism and crime. For instance, in the U.S., 26 states permit law enforcement agencies to access facial recognition systems to perform searches against the databases of ID photos and driver’s licenses, to find drug dealers, bank robbers, amongst others who have left behind the images on social media platforms. Also, facial recognition CCTV systems are being used to improve performance in conducting public security missions, such as find missing children or adults, identifying and tracking criminals, and accelerating investigations. Furthermore, the trend of KYC (Know-Your-Customer) has undoubtedly boosted the growth of facial recognition in retail and marketing.

Facial recognition technology is being combined with the latest marketing advancements to improve customer experience. For instance, in April 2021, Sberbank, a Russian banking company, is expanding its footprints in food delivery, taxi services, cloud computing, and cybersecurity. For this, the company launched facial recognition payments known as face pay to make payments using at a glance pay option during checkout. Thus, offering a quick payment service compared to paying with cash or a payment card. Therefore, the market has a vast opportunity in different verticals, including security and surveillance, healthcare, retail, and transportation. For another instance, in June 2019, Ayonix Corporation launched its IP camera-embedded application, namely the AICam Platform. The application can execute high-performance face detection and matching. The company demonstrated this product at the annual security technology conference called ISC West.

3D recognition is a newly emerging trend in the market for facial recognition that aims to provide more accuracy and better authentication. 3D facial recognition uses the unique characteristics of an individual’s face, such as the face curves, the shape of the nose, the chin, to identify the individual. With the introduction of 3D facial recognition, identification has taken a step toward recognizing an individual’s face even if it is dark and can identify the person at different angles (up to 90 degrees). Although 2D face recognition has made significant progress over the years, its accuracy and authenticity are highly dependent on the conditions of light and individual poses. For instance, Ayonix Corporation (Japan) is a developer of 3D face recognition technologies. It uses an algorithm that converts 2D still images or videos into data, which is then analyzed to reconstruct faces in 3D form. It also has a patented 3D recognition engine that captures a facial image and identifies critical points at the eyes, nose, and mouth. Besides, it can identify age, gender, and person-specific features from the image and match them from the images stored in databases to generate a matching score between 0.0 and 0.1.

The Asia Pacific (APAC) region is estimated to project the highest growth rate in the market. This is due to the increased adoption of facial recognition technology in different verticals. For instance, in September 2019, NEC Corporation, Japan-based biometry solutions provider, announced a partnership with Seven Bank, Ltd., a Japanese Bank, to develop ATMs that incorporate facial recognition technology. In addition to facial recognition technology, other technologies used for the development of ATMs include Artificial Intelligence (AI), the Internet of Things (IoT), and QR codes. IoT and AI would help in detecting warning of component failures and predicting cash demand more accurately, which would further help in streamlining ATM operations.

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Facial Recognition Market Report Highlights

• End-use industries have started integrating facial recognition into their business processes to streamline their operations. Facial recognition technology is gaining momentum as it assists end-user organizations to become more efficient and result-oriented. The growing adoption of facial recognition is encouraging new entrants to venture into the marketplace by offering niche application-specific products and solutions
• In terms of technology, the 3D segment captured the largest revenue share in 2022. The technology is gaining popularity due to its attributes such as detection efficiency and high accuracy, which makes it suitable for high-security areas such as airports, education and research, retail, healthcare, and police services.
• The banking and financial services industry is one of the major verticals for the deployment of facial recognition technology as consumers are increasingly transitioning towards mobile banking. Financial institutions use facial-recognition software to provide an additional layer of security to mobile banking applications to authenticate users

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Facial Recognition Market Segmentation

Grand View Research has segmented the global facial recognition market based on technology, application, end-use, and region:

Facial Recognition Technology Outlook (Revenue in USD Million, 2017 - 2030)

• 2D
• 3D
• Facial Analytics

Facial Recognition Application Outlook (Revenue in USD Million, 2017 - 2030)

• Emotion Recognition
• Attendance Tracking and Monitoring
• Access Control
• Security & Surveillance
• Others

Facial Recognition End-use Outlook (Revenue in USD Million, 2017 - 2030)

• Retail & E-commerce
• Media & Entertainment
• BFSI
• Automobile & Transportation
• Telecom & IT
• Government
• Healthcare
• Others

Facial Recognition Regional Outlook (Revenue in USD Million, 2017 - 2030)

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

List of Key Players in the Facial Recognition Market

• Aware, Inc.
• Cognitec Systems GmbH
• Ayonix Corporation
• Thales
• Fujitsu
• FacePhi
• NEC Corporation
• Onfido
• TECH5

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.

Decorated Apparel Market Plying for Significant Growth During 2024 - 2030

Decorated Apparel Market Growth & Trends

The global decorated apparel market is expected to reach USD 68.17 billion by 2030, expanding at a CAGR 13.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing popularity of screen printing and digital printing works on apparel is driving the growth of the market.

With the growing trend of customized t-shirts and tops, the demand for apparel printing has been increasing over the years, thereby leading to market growth. Moreover, product and technological innovations, especially in the womenswear segment, will drive market growth. The emerging trend of patchwork and retro logo designs is also expected to boost product demand over the forecast period.

High demand for a reflective finish in apparel has also created growth opportunities for market players. In addition, rising demand for graphic t-shirts and other garments due to changing trends will also contribute to product sales over the forecast period.

The embroidery segment contributed a majority of the share to become the largest division in the global revenue in 2022. Embroidered products have significant demand due to their higher durability than other types of decorated apparel. Custom embroidery work lasts much longer than printed designs. Moreover, custom embroidery gives a professional look and thus has a wider application scope in the corporate sector as well.

The men’s segment is expected to register the fastest CAGR from the year 2023 to 2030. Rising product availability with a range of unique designs, color combinations, prints, and other decorations in graphic tees, coats, and designer blazers for men drive the scope of the market for decorated apparel. Rising applications of printing and embroidery on apparel logos for sportswear such as youth baseball teams, school spirit wear, or walk/run fundraisers drive the demand for decorated apparel among men.

The global market is characterized by the presence of a few well-established players such as Gildan, Hanesbrands Inc., and Fruit of the Loom, Inc. Medium and small players include Downtown Custom Printwear, Master Printwear, Delta Apparel, Target Decorated Apparel, Advance Printwear Limited, Lynka, and New England Printwear.

Major players in the industry are trying to increase their presence in the global market by expanding their production facilities in various regions. Factors such as low costs, access to numerous garment workers, and duty-free entry into several Asia Pacific markets are among the prominent reasons driving the investment.

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Decorated Apparel Market Report Highlights

• Asia Pacific is expected to contribute a majority of the share to become the largest division in global revenue in 2023. increasing social events and gatherings are among the prominent reasons driving the segment growth in the region. over the last decade, customized apparel and embroidered clothes have been gaining popularity among consumers. for instance, in japan, for traditional weddings, the bride and groom typically wear a japanese wedding kimono with heavy embroidery work
• europe segment is projected to register the fastest growth during the forecast period with a cagr of 14.4% from 2024 to 2030. increasing preference for unique clothing among consumers has led to a rise in demand for comfortable, yet fashion-forward apparel in the country. key market players are launching new products featuring a range of decorated apparel for different body types and ages to cater to the rising consumer demand. the emerging trend of patchwork and retro logo designs is also expected to boost product demand in the region over the forecast period
• women segment is expected to have a majority of the share in 2023. with the growing trend of customized t-shirts and tops, patchwork, and retro logo designs, the demand for apparel decoration has been increasing among working women. the segment growth is attributed to the increase in the number of women in the workforce in the region, which has stimulated a modest rise in their disposable income

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Decorated Apparel Market Segmentation

Grand View Research has segmented the global Decorated Apparel market on the basis of product, end user, distribution channel, and region:

Decorated Apparel Product Outlook (Revenue, USD Million, 2018 - 2030)

• Embroidery
• Screen Printing
• Dye Sublimation
• Digital Printing
• Others

Decorated Apparel End User Outlook (Revenue, USD Million, 2018 - 2030)

• Men
• Women
• Children

Decorated Apparel Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online
• Offline

Decorated Apparel Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Decorated Apparel Market

• Gildan
• Fruit of Loom, Inc.
• Downtown Custom Printwear
• Hanesbrands Inc.
• Master Printwear
• Delta Apparel, Inc.
• Target Decorated Apparel
• Advance Printwear Limited
• Lynka
• New England Printwear

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.