Contact Center Software Market Estimated To Flourish By 2028: Grand View Research Inc.

 Contact Center Software Market Growth & Trends

The global contact center software market size is expected to reach USD 90.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.1% from 2021 to 2028. Increasing use of social media platforms by customers across the globe is expected to drive the market. Moreover, the growing need to cater to constantly changing customer requirements is further anticipated to fuel market growth over the forecast period.

Contact center software acts as a common platform to gather customer data for analysis. This software can effectively use demographic, behavioral, and location-based customer information to appropriately match the correct agent to the right customer. Moreover, this approach helps businesses in increasing customer satisfaction while delivering improvements in cross-sell and upsell rates.

Numerous businesses across the globe are focusing on adopting contact center software solutions. These solutions are helping businesses in boosting operational efficiency, improving customer service, and offering enhanced reporting features for management. Moreover, the rising demand for improved omnichannel experiences is further expected to fuel market growth over the forecast period.

Contact center software solutions enable employees to access customer information and history in real-time. These solutions help employees to deliver up-to-date and accurate information on products and choices for issue resolution. Contact centers responded to the increase in call volumes amidst the COVID-19 pandemic by adopting Artificial Intelligence (AI)-based virtual agents for customer services.

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Contact Center Software Market Report Highlights

• Customer collaboration solution is widely used by businesses to streamline communication between customers and each department within the company. Customer collaboration tools simplify two-way interaction convenient, instant, and effective
• The managed services segment is expected to witness significant growth over the forecast period. These services are used to manage business infrastructure and application platforms. Managed services can help the customer service team to work more reliably and efficiently by quickly identifying faults and isolate the root cause of infrastructure outages
• Cloud contact center solutions effectively handle all outbound and inbound customer communications for a company. Cloud solutions offer an all-inclusive suite of applications and tools which allow businesses to deliver efficient customer service across multiple channels, including SMS, email, voice, and social media
• Large enterprises across the globe are focusing on adopting contact center solutions to efficiently manage their vast database of customers. This, as a result, is expected to propel the demand for these solutions in large enterprises
• Consumer goods and retail businesses are focusing on strengthening their multichannel interactions with employees, customers, ad systems. This, in turn, is expected to propel the adoption of contact center software solutions in the consumer goods and retail industry
• In Asia Pacific, the market is anticipated to emerge as the fastest-growing regional market, owing to a broad customer base and the presence of a substantial number of small and medium enterprises in the region

Contact Center Software Market Segmentation

Grand View Research has segmented the global contact center software market on the basis of solution, service, deployment, enterprise size, end use, and region:

Contact Center Software Solution Outlook (Revenue, USD Million, 2016 - 2028)

• Automatic Call Distribution (ACD)
• Call Recording
• Computer Telephony Integration (CTI)
• Customer Collaboration
• Dialer
• Interactive Voice Responses (IVR)
• Reporting & Analytics
• Workforce Optimization
• Others

Contact Center Software Service Outlook (Revenue, USD Million, 2016 - 2028)

• Integration & Deployment
• Support & Maintenance
• Training & Consulting
• Managed Services

Contact Center Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Hosted
• On-premise

Contact Center Software Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprise
• Small & Medium Enterprise

Contact Center Software End-use Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Consumer Goods & Retail
• Government
• Healthcare
• IT & Telecom
• Traveling & Hospitality
• Others

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

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

List of Key Players of Contact Center Software Market

• 8X8, Inc.
• ALE International
• Altivon
• Amazon Web Services, Inc.
• Ameyo
• Amtelco
• Aspect Software
• Avaya Inc.
• Avoxi
• Cisco Systems, Inc.
• Enghouse Interactive Inc.
• Exotel Techcom Pvt. Ltd.
• Five9, Inc.
• Genesys
• Microsoft Corporation
• NEC Corporation
• SAP SE
• Spok, Inc.
• Talkdesk, Inc.
• Twilio Inc.
• UiPath
• Unify Inc.
• VCC Live

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.

Aviation IoT Market Poised to Expand at a Robust Pace Over 2028

 Aviation IoT Market Growth & Trends

The global aviation IoT market size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.4% from 2021 to 2028. The aviation industry is tectonically shifting toward automated and intelligent systems in line with the continued advances in technology. At this juncture, IoT (internet of things) devices are emerging as crucial devices for the incumbents of the aviation industry to gather real-time data and derive actionable insights.

The aviation industry is continuously adopting a digital ecosystem and is subsequently set to generate large volumes of data. The development of a more recent version of the Internet Protocol (IP), Internet Protocol version 6 (IPv6), has already improved the data handling capability and the overall functionality. The introduction of low-power terrestrial networks in L-band to support 5G connectivity is expected to further enhance the data transfer capacity, thereby encouraging the deployment of IoT-compatible devices in the aviation industry.

IoT is expected to play a critical role in weather forecasting as well as monitoring various systems of the aircraft in real-time. Monitoring the weather using advanced sensors and analyzing the gathered weather data can help airlines in making crucial decisions in real-time and choosing alternative flight routes. Similarly, deploying IoT sensors and devices inside the aircraft can help in monitoring engine performance and subsequently reducing fuel consumption and improving the profit margins.

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Aviation IoT Market Report Highlights

• Enhancement of passenger experience and modernization of the existing airport infrastructure are expected to be the crucial factors responsible for the surging deployment of IoT-compatible solutions across the aerospace industry
• Development of an advanced Aircraft Health Monitoring System (AHMS) for monitoring aircraft operation helps predict maintenance and identify the failure of components in advance to reduce the risks and downtime of aircraft maintenance
• Key airline operators are utilizing cloud computing technology to store the large volumes of data generated from numerous sensors, thereby opening opportunities for intercontinental airline operators to analyze the data for deriving insights
• IoT-enabled aircraft cabins can potentially offer personalized entertainment content and some of the prime airline operators have already adopted such IFE modules to increase passenger loyalty and enhance ancillary revenues

Aviation IoT Market Segmentation

Grand View Research has segmented the global aviation IoT market by application, end-use, and region:

Aviation IoT Application Outlook (Revenue, USD Million, 2016 - 2028)

• Ground Operations
• Passenger Experience
• Aircraft Operations
• Asset Management

Aviation IoT End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Airport
• Airline Operators
• MRO
• Aircraft OEM

Aviation IoT Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
• Latin America
• Middle East & Africa (MEA)

List of Key Players of Aviation IoT Market

• Honeywell International, Inc.
• Tata Communication
• Cisco Systems, Inc.
• Huawei Technologies Co. Ltd.
• SITAONAIR

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.

Electric Vehicle Charging Infrastructure Market to Reflect Steadfast Expansion During 2021-2028

 Electric Vehicle Charging Infrastructure Market Growth & Trends

The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, many other governments are jointly developing intra-continental networks of highway charging stations.

Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV manufacturers, such as Tesla, Inc., and Nissan, are focusing on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations

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Electric Vehicle Charging Infrastructure Market Report Highlights

• The fast charger segment is anticipated to be the largest charger type segment over the forecast period owing to the ability to rapidly charge electric vehicles in lesser time compared to conventional AC chargers is the primary factor driving the demand for fast DC chargers
• Combined Charging System (CCS) is anticipated to emerge as the fastest-growing connecter segment over the forecast period owing to rising adoption by automobile manufacturers
• The commercial application segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities
• North America is estimated to account for the largest revenue share by 2028. Stringent vehicle emission standards and focus on R&D of EVs are some of the major factors driving the market in the North American region
• Various companies are investing heavily in promoting EV charging infrastructure. For instance, in November 2017, BMW, Daimler, Ford, and Volkswagen Group, together announced an investment plan for the development of 400 charging sites across Europe
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to significant growth in EV sales in the region and extensive deployment of EV chargers in countries, such as China and Japan 

Electric Vehicle Charging Infrastructure Market Segmentation

Grand View Research has segmented the global electric vehicle charging infrastructure market on the basis of charger type, connector, application, and region:

EV Charging Infrastructure Charger Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Slow
• Fast

EV Charging Infrastructure Connector Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• CHAdeMO
• (CCS)
• Others

EV Charging Infrastructure Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Commercial
• Residential

EV Charging Infrastructure Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • The Netherlands
  • UK.
  • France
  • Norway
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea

List of Key Players of Electric Vehicle Charging Infrastructure Market

• AeroVironment, Inc.
• ABB
• BP Chargemaster
• ChargePoint, Inc.
• ClipperCreek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Schneider Electric
• Siemens AG
• Tesla, Inc.
• Webasto SE

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.

Electric Kick Scooters Market is Growing at Significant Rate, 2028

 Electric Kick Scooters Market Growth & Trends

The global electric kick scooters market size is expected to reach USD 5.2 billion by 2028, according to a study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2021 to 2028. The growth of the market is attributed to the increasing penetration of cost-effective electric scooter sharing services across the globe.

While the market is expected to witness promising growth opportunities in the long run, the COVID-19 pandemic is likely to negatively impact the market. Strict restrictions on transportation activities and lockdowns in the first half of 2020 paralyzed electric kick scooter retail business activities across the globe. While manufacturing and supply chain activities were severely disrupted, the situation was particularly challenging for the manufacturers and dealers of electric kick scooters. In the near future, however, the fear of public transportation could motivate consumers to seek alternate modes of transportation, thereby driving the market. The pandemic is expected to be an accelerator for the transition to sustainable mobility.

The need for product differentiation and the introduction of next-generation technology is anticipated to favor market growth. One of the key factors expected to boost demand for the two-wheeler is the shrinking parking spaces in metro cities. In recent times, these two-wheelers have gained prominence in countries such as the U.S., Germany, France, and Spain. The growing need to avoid traffic congestions and increased demand for micro-mobility options have encouraged vendors to manufacture folding electric scooters. These two-wheelers offer flexibility with minimum energy consumption and can be easily folded to the size of a suitcase.

An increase in greenhouse gas emissions has resulted in initiatives to combat climate change with hopes pinned on e-mobility. Several countries globally have started enacting climate change action plans to reduce vehicular emissions by adopting sustainable and eco-friendly transportation options. Furthermore, investments in clean energy and initiatives that are taken by governments to curb CO₂ emissions are expected to boost the demand for electric scooters over the coming years.

North America is expected to be the fastest-growing regional market over the next few years. The U.S. is anticipated to emerge as an early adopter of e-scooters due to high technology penetration and developed e-charging infrastructure.

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Electric Kick Scooters Market Report Highlights

• The Lithium-Ion (Li-Ion) segment dominated the market in 2020 and is expected to reach USD 3.4 billion by 2028
• The 36V segment dominated the market in 2020 and is expected to reach USD 2.9 billion by 2028
• Asia Pacific is projected to account for the majority market share and is expected to reach USD 3.5 billion by 2028

Electric Kick Scooters Market Segmentation

Grand View Research has segmented the global electric kick scooters market on the basis of battery, voltage, and region:

Electric Kick Scooters Battery Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Sealed Lead Acid (SLA)
• Nickel Metal Hydride (NiMH)
• Lithium-Ion (Li-Ion)

Electric Kick Scooters Voltage Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Below 24V
• 36V
• 48V
• Greater than 48V

Electric Kick Scooters Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa

List of Key Players of Electric Kick Scooters Market

• Jiangsu Xinri E-Vehicle Co. Ltd.
• YADEA Technology Group Co., Ltd.
• Bird Rides, Inc.
• SWAGTRON
• SEGWAY INC.
• Xiaomi
• iconBIT GmbH

About Grand View Research

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

Integrated Workplace Management System Market is Expected to Amplify USD 7.85 Billion Value by 2027: Grand View Research Inc.

 Integrated Workplace Management System Market Growth & Trends

The global integrated workplace management system market size is expected to reach USD 7.85 billion by 2027, according to a new study by Grand View Research, Inc. It is projected to register a CAGR of 12.8% from 2021 to 2027, Growing demand for solutions that help improve business performance, reduce working capital, reinforce company growth, improve customer service, and simplify workload is expected to drive the market. Additionally, enterprises across the globe are focusing on reducing operational costs and increasing the effectiveness of their decision-making processes which is anticipated to drive the demand for integrated workplace management systems (IWMSs) over the forecast period.

Organizations across the globe are also investing in big data analytics to obtain valuable business insights for decision-making purposes. Big data analytics can help in data integration, data segmentation, and business intelligence. The growing adoption of cloud computing and big data analytics is opening numerous growth opportunities for vendors in the IWMS market.

Emerging technologies such as the Internet of Things (IoT) are likely to provide significant growth opportunities to the market. The adoption of IoT can significantly simplify business operations, as data can be automatically collected and can later be analyzed for maintenance purposes. The adoption of IoT within enterprises can also significantly minimize the pressure on workplace management tools and help organizations make better decisions. IWMS software is also used for tracking utility usage and expenditures as part of efforts to lower operating costs. Additionally, the improved flexibility of several IWMS solutions and their capability to adapt to the changing and growing needs of businesses are anticipated to drive market growth over the forecast period.

Increasing market competition is encouraging established vendors to focus on partnerships and collaborations with start-ups, system integrators, and resellers to maintain a competitive market position for their products and brands. For instance, In April 2020, Accruent partnered with Mitie Group plc., a provider of facilities management and professional services in the U.K., to provide remote asset monitoring for Mitie Group plc’s clients. Through the partnership, Mitie Group plc. will deploy Accruent’s vx Observe IoT remote monitoring platform to control and monitor assets encompassing multiple manufacturers.

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Integrated Workplace Management System Market Report Highlights

• In terms of solution, the real estateand lease management segment is anticipated to register significant growth over the forecast period owing to the growing need for upgrades and maintenance of existing solutions for better decision-making
• In terms of service, the managed services segment is expected to register significant growth from 2021 to 2027. This can be attributed to the growing dependence of enterprises on IT assets to improve their productivity
• In terms of deployment, the cloud segment is expected to register significant growth over the forecast period, thanks to the fact that cloud deployment enables users to access data from any location in a hassle-free way, eliminating the need to regularly and manually upgrade the solutions
• In terms of enterprise size, the Small and Medium Enterprises (SMEs) segment is expected to register significant growth from 2021 to 2027. Owing to advancements in SaaS tools, SMEs can use affordable software solutions and compete with larger companies with equal efficiencies. This is expected to drive the demand for IWMS in SMEs
• In terms of end use, the IT and telecom segment is expected to register considerable growth over the forecast period. This can be attributed to the growing demand from IT and telecom companies for reevaluating operational strategies and applying advanced technologies across business processes to hold a competitive position
• Asia Pacific regional market is anticipated to register a significant growth rate from 2021 to 2027. This can be credited to the rising adoption of various workplace management applications on the cloud in the region, including floorspace management, project management, asset management, and employee management for better decision-making

Integrated Workplace Management System Market Segmentation

Grand View Research has segmented the global integrated workplace management system market based on solution, service, deployment, enterprise size, end-use, and region:

Integrated Workplace Management System Solution Outlook (Revenue, USD Million, 2016 - 2027)

• Real Estate & Lease Management
• Facilities & Space Management
• Asset & Maintenance Management
• Project Management
• Environment Management

Integrated Workplace Management System Service Outlook (Revenue, USD Million, 2016 - 2027)

• Professional Services
• Managed Services

Integrated Workplace Management System Deployment Outlook (Revenue, USD Million, 2016 - 2027)

• On-premise
• Cloud

Integrated Workplace Management System Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)

• Large Enterprises
• Small & Medium Enterprises

Integrated Workplace Management System End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Public Sector
• IT & Telecom
• Manufacturing
• BFSI
• Real Estate & Construction
• Retail
• Healthcare
• Others

Integrated Workplace Management System Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of the Integrated Workplace Management System Market

• Accruent
• ARCHIBUS, Inc.
• FM:Systems
• FSI (FM Solutions) Limited
• International Business Machines Corporation
• MRI Software LLC
• Nemetschek Group (Spacewell)
• Planon
• SAP SE
• Trimble 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.

Wearable Payments Devices Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Wearable Payments Devices Market Growth & Trends

The global wearable payments devices market size is expected to reach USD 80.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 29.8% from 2021 to 2028. Over time, payment systems have adapted to suit the needs of customers, such as increased convenience and reduced time while making payments. The growing popularity of contactless payment technology, coupled with the increasing adoption of wearable devices, such as smartwatches for contactless payments, is expected to fuel the market growth over the forecast period.

Wearables are gadgets or mobile phones that are worn by users to indirectly or directly interact with the device. Majorly used devices are smartwatches, fitness or health trackers, and wristbands. In terms of functionality, there are numerous wearables that are used in the commercial market, and the low entry barriers have enabled the high proliferation of payments devices.

Digitization in banks is expected to continue gaining traction over the forecast period as banks are now focusing on connecting card management systems with the token service providers. The increasing adoption of contactless payment models in the banking sector is further expected to drive the market. Furthermore, numerous players are focusing on creating reliable and secure wearable devices for consumer use, thereby creating growth opportunities for the market.

The COVID-19 pandemic is expected to positively impact market growth over the forecast period. The increasing adoption of cashless transactions in the time of the pandemic is expected to influence the adoption of wearable payments devices over the forecast period. Wearable devices offer users a convenient form of payment to make transactions through their stored payment credentials, thus enabling issuers to build brand loyalty among their users.

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Wearable Payments Devices Market Report Highlights

• Market players are focusing on integrating Near Field Communication (NFC) wireless technology into their smartwatches, thereby creating opportunities for the use of smartwatches in contactless payments
• Based on technology, the contactless Point of Sale (POS) terminals segment is expected to emerge as the fastest-growing segment over the forecast period. These terminals have witnessed significant growth owing to benefits, such as low deployment cost, mobility, and ease of use
• By application, the retail segment is expected to maintain its lead over the forecast period. Wearable payment devices are widely adopted in retail applications as they offer a convenient mode of payment. Furthermore, the adoption of these devices by customers is opening innovative and new ways for retailers to improve customer experience
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The adoption rate of smartwatches in the region is expected to witness significant growth as major China-based companies, such as Huawei Technologies and HTC, are focusing on the production of smartwatches that are reasonable for the larger audience

Wearable Payments Devices Market Segmentation

Grand View Research has segmented the global wearable payments devices market based on device type, technology, application, and region:

Wearable Payments Devices Type Outlook (Revenue, USD Million, 2016 - 2028)

• Fitness Tracker
• Payment Wristbands
• Smart Watches

Wearable Payments Devices Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Barcodes
• Contactless Point of Sale (POS) Terminals
• Near Field Communication (NFC)
• Quick Response (QR) Codes
• Radio Frequency Identification (RFID)

Wearable Payments Devices Application Outlook (Revenue, USD Million, 2016 - 2028)

• Festival & Life Events
• Fitness
• Healthcare
• Retail
• Transportation
• Others

Wearable Payments Devices Regional Outlook (Revenue, USD Million, Transaction Volume, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of Wearable Payments Devices Market

• Apple, Inc.
• Barclays PLC
• Gemalto NV
• Google LLC
• Mastercard
• Nymi
• PayPal Holdings Inc.
• Samsung Electronics
• Visa Inc.
• Wirecard

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.

E-liquid Market Industry Analysis , Opportunity Assessment And Forecast Till 2027: Grand View Research Inc.

 E-liquid Market Growth & Trends

The global e-liquid market size is expected to reach USD 3.3 billion by 2027, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.4% from 2021 to 2027. The advent of e-cigarette products such as squonk mods and pod systems has increased its popularity and adoption in recent years. The rising demand for these products globally is expected to drive the market over the forecast period. In addition, the general presumption that these products can reduce the risk of lung disorders is fueling the market. Moreover, the absence of the tobacco burning process that is often found in conventional smoking products is expected to drive the market in the near future.

The growing adoption of e-cigarettes among youngsters is escalating the market value of e-liquid. Owing to the absence of tobacco and the availability of various flavors, such as chocolate, menthol, blueberry, and a range of fruit flavors, the appeal, and acceptability of these products is expected to increase among non-smokers as well. The growing demand for e-cigarettes and vapes in the market can also be attributed to their minimal environmental footprint compared to traditional cigarette buds. As e-liquids are used in e-cigarettes and vaporizers, the producers are capitalizing on the trend of eco-friendly vaping, which is capturing consumer attention.

Market players are focusing on mergers and acquisitions, collaborations, and partnerships in order to expand their distribution networks and build an international presence for their brands. For instance, in January 2018, Nicopure, a manufacturer of e-cigarette and e-liquid, announced a partnership with Vapоr Ltd., a distributor of e-cigarette and e-liquid in Bulgaria. Nicopure appointed Vapоr Ltd. as one of its distributors in Bulgaria. The partnership allowed the former to expand its brand presence in Bulgaria.

Key players are increasingly investing in the marketing and distribution of their products owing to rising competition in the market. For instance, in July 2019, Turning Point Brands, Inc., a manufacturer, and distributor of consumer products, invested USD 3.0 million in the Canadian distribution firm ReCreation Marketing. Through the ReCreation Marketing platform, the company launched RipTide, an e-liquid vape technology, and a variety of Nu-X products in Canada.

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E-liquid Market Report Highlights

• In terms of flavor, the menthol segment is anticipated to register the highest growth rate over the forecast period owing to increasing adoption among young people, especially in students, coupled with its availability at affordable prices
• In terms of type, the bottled segment is expected to register growth at a significant pace from 2021 to 2027. This can be attributed to the fact that bottles allow users to make their own e-juice by adding two or more e-liquids
• In terms of distribution channel, the online segment is anticipated to register a significant growth rate over the forecast period as it provides customers with a wide variety of e-liquids that customers can choose from
• In terms of region, Europe is anticipated to register notable market growth from 2021 to 2027. This can be attributed to rising awareness among individuals about the tobacco-free formulation of e-liquids

E-liquid Market Segmentation

Grand View Research has segmented the global e-liquid market based on flavor, type, distribution channel, and region:

E-liquid Flavor Outlook (Revenue, USD Million, 2016 - 2027)

• Menthol
• Tobacco
• Dessert
• Fruits & Nuts 
• Chocolate
• Others

E-liquid Type Outlook (Revenue, USD Million, 2016 - 2027)

• Pre-Filled
• Bottled

E-liquid Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Retail Store
  • Convenience Store
  • Drug Stores
  • Newsstands
  • Tobacconist
  • Specialty Stores

E-liquid Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • Australia
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of the E-liquid Market

• Black Note, Inc.
• Breazy
• BSMW Ltd.
• Crystal Canyon Vapes LLC
• eLiquid Factory
• Mig Vapor LLC
• Molecule Labs, Inc.
• Nicopure Labs LLC
• Philip Morris International Inc.
• Turning Point Brands, Inc.
• VMR Products LLC

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.

Ultrasonic Sensors Market With Strong Application and Scope By 2027

 Ultrasonic Sensors Market Growth & Trends

The global ultrasonic sensors market size is expected to reach USD 6.00 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.6% from 2021 to 2027. The increasing adoption of ultrasonic sensors in automobiles for applications such as parking assistance systems and Automated Driver Assistance Systems (ADAS) is expected to emerge as a major factor influencing the market growth. The increasing demand for ultrasonic sensors in factory automation is expected to provide lucrative opportunities to market players.

Ultrasonic sensors are extensively used in the Unusual Motion Detection (UMD) technology that continuously monitors a scene and detects and marks unusual events. Furthermore, vast advancements in ultrasonic sensors such as the usage of matched filters have made them more accurate and more suitable for use in flow measurement by utility companies. Rising demand across these applications is expected to drive market growth over the forecast period.

Emerging applications of ultrasonic sensors in waste management, such as the determination of the amount of material remaining in a bin, are also expected to favor market growth over the forecast period. Furthermore, increasing the adoption of these systems in the detection of cracks in railway tracks is expected to further propel the market growth. The market is also likely to benefit from the increasing usage of these systems in predictive maintenance for monitoring the friction and stress in rotating machinery drives.

As these systems are sensitive to high-frequency sound, they are often used for detecting distinctive sounds in the upper ultrasonic range emitted from machine friction and stress. The mounting number of COVID-19 cases globally has put health-related sources under immense pressure; as surgeons try to avoid the risk of exposing patients to possible COVID-19 infection during hospitalization, there has been a notable decrease in the number of surgeries globally. As a result, the demand for these systems across surgical applications has significantly lowered.

Nevertheless, the increasing demand for these systems in the measurement of wind speeds is expected to significantly impact market growth. Furthermore, there has been a notable increase in the adoption of these systems in the aerospace & defense sector for measuring fuel consumption and evaluating the performance of hydraulic fluids and lubricants. Moreover, several military organizations, including the U.S. Army Research Laboratory (ARL) and North Atlantic Treaty Organization (NATO), are emphasizing the development of ultrasonic sensors for the aerospace & defense sector. For instance, in May 2018, ARL and NATO established a partnership for the development of ultrasonic sensors that could be used in the aerospace & defense sector for applications such as navigation, target detection, and missile detection.

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Ultrasonic Sensors Market Report Highlights

• In terms of technology, the through-beam sensor segment is anticipated to register the highest CAGR over the forecast period. This can be attributed to the vast benefits offered by the technology, including long-distance sensing ability and stable operations
• In terms of type, the level measurement segment is anticipated to register the highest CAGR over the forecast period. This can be attributed to an increase in oil & gas exploration activities, including fracking and drilling, globally
• In terms of end use, the healthcare segment is expected to gain traction. This is likely to be a result of the growing demand for ultrasonic sensors in ultrasonic aspirators that use low-frequency ultrasonic vibrations to dissect tissues
• There has been a rise in demand for advanced driver safety systems in emerging economies such as India, Malaysia, and the Philippines owing to the high rate of road accidents and increasing sales of high-end vehicles in the Asia Pacific region. This bodes well for the growth of the regional market
• Some of the key players in the market are Siemens; SICK AG; Pepperl+Fuchs GmbH; Omron Corporation; Murata Manufacturing Co., Ltd.; Ifm electronic GmbH; Hans Turck GmbH & Co. KG; Baumer; Banner Engineering Corp.; and Balluff Inc.

Ultrasonic Sensors Market Segmentation

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

Ultrasonic Sensors Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Retro-reflective Sensor
• Through-beam Sensor
• Others

Ultrasonic Sensors Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Level Measurement
• Distance Measurement
• Obstacle Detection
• Others

Ultrasonic Sensors End-use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Healthcare
• Industrial
• Others

Ultrasonic Sensors Region Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Ultrasonic Sensors Market

• Balluff Inc.
• Banner Engineering Corp.
• Baumer
• Hans Turck GmbH & Co. KG
• Ifm electronic GmbH
• Murata Manufacturing Co., Ltd.
• Pepperl+Fuchs GmbH
• SICK AG
• Siemens

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.

Advanced Wound Dressing Market Top Players, Segments, Cost Structure, Demand, Sales by 2028

 Advanced Wound Dressing Market Growth & Trends

The global advanced wound dressing market size is expected to reach USD 9.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2021 to 2028. An increasing number of accidents, the impact of COVID-19, and technological advancements are the key driving factors for the market. The increasing incidence of accidents such as road accidents, burns, and trauma events across the globe is anticipated to drive the market. For instance, as per the WHO (2018), around 1,000,000 people are severely or moderately burnt in India per year. In addition, as per NCBI, in 2017, countries such as Bulgaria, Finland, the Netherlands, China, Australia, and the U.K. reported a rise in the incidence of burn injuries.

Furthermore, as per the American Association for the Surgery of Trauma, in 2017, around 1.2 million people died globally, accounting for the deaths of around 3,242 people per day in road accidents every year. Road accidents mostly occur in middle- or low-income countries. The advanced wound dressing is majorly used for the faster healing of all kinds of burns injuries. Moreover, bandages and gauzes are also used for the treatment of minor injuries. Thus, the rising number of accidents is expected to boost the demand for advanced wound dressing, which is expected to lead to considerable market growth over the forecast period.

The rising number of surgical procedures is also expected to boost the demand for home healthcare services. According to the American Society for Metabolic and Bariatric Surgery (ASMB) in 2018, the number of people underwent sleeve gastrectomy increased by 8.05% from 2016 to 2017 in the U.S. Patients undergoing surgeries are required to stay at hospitals for a longer period of time; thus, most patients prefer home healthcare services over hospital stays. Therefore, these factors are likely to boost the demand for home healthcare services, thereby fueling market growth during the forecast period.

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Advanced Wound Dressing Market Report Highlights

• In terms of revenue, the foam dressings segment held the largest revenue share in 2020. The rising number of road accidents across the globe is the major factor propelling segment growth
• The acute wounds segment held the largest revenue share in 2020 and is expected to witness the fastest growth rate over the forecast period due to the increasing number of surgeries
• The hospitals' segment held the largest revenue share in 2020. The growth of the segment is majorly driven by the increasing number of hospitals
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of chronic injuries

Advanced Wound Dressing Market Segmentation

Grand View Research has segmented the advanced wound dressing market on the basis of product, application, end-use, and region:

Advanced Wound Dressing Product Outlook (Revenue, USD Million, 2016 - 2028)

• Foam
• Hydrocolloid
• Film
• Alginate
• Hydrogel
• Collagen
• Other Advanced Dressings

Advanced Wound Dressing Application Outlook (Revenue, USD Million, 2016 - 2028)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Others
• Acute Wounds
  • Surgical & Traumatic
  • Burns

Advanced Wound Dressing End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

Advanced Wound Dressing Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Advanced Wound Dressing Market

• MÖLNLYCKE HEALTH CARE AB
• 3M
• CONVATEC GROUP PLC
• BAXTER
• COLOPLAST CORP.
• MEDTRONIC
• DERMA SCIENCES INC.
• MEDLINE INDUSTRIES, INC.
• SMITH & NEPHEW PLC

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.

Urinary Catheters Market Precise Analysis on Business Overview, Product Scope And Ongoing Market Development

 Urinary Catheters Market Growth & Trends

The global urinary catheters market size is anticipated to reach USD 7.94 billion by 2028 registering a CAGR of 7.0%, according to a new report by Grand View Research, Inc. Increasing number of patients suffering from Urinary Tract Infections (UTI) and blockages in the urethra are anticipated to boost the product demand. The advent of technologically advanced products is also expected to drive market growth. For instance, RIOCATH - a Reversal Inside Out Catheterization, developed by Riocath global in collaboration with IOCB Prague, reduces the chances of infections in the body.

The key application segments include Benign Prostate Hyperplasia (BPH) & prostate surgeries, Urinary Incontinence (UI), spinal cord injury, and others. Among these, UI is the largest application segment owing to the increasing prevalence of the disease. Factors such as surgery of the prostate gland, spinal cord injury, injury to the bladder nerves, blockage in the urine due to kidney stones, and blood clots in the urine can cause UI. However, the BPH & prostate surgeries application segment is estimated to register the fastest CAGR during the forecast years. Based on product types, the market is divided into intermittent, foley/indwelling, and external catheters. The intermittent catheters segment dominated the overall market in 2020. This can be attributed to the increasing number of patients suffering from various urinary disorders. 

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Urinary Catheters Market Report Highlights

• North America was the leading regional market with the highest revenue share in 2020 and is estimated to expand further at a steady CAGR from 2021 to 2028
• This growth can be attributed to the high incidence of targeted diseases, such as UI, bladder obstruction, urinary retention, Benign Prostate Hyperplasia (BPH), and bladder cancer, in the region
• The key players are introducing technologically advanced products to gain a competitive advantage in the industry
• For instance, Coloplast is planning to expand its SpeediCath product portfolio by launching the SpeediCath Navi, which is designed especially for the treatment of patients suffering from chronic urine retention

Urinary Catheters Market Segmentation

Grand View Research has segmented the global urinary catheters market on the basis of product, application, and region:

Urinary Catheters Product Outlook (Revenue, USD Million, 2016 - 2028)

• Intermittent
• Foley/Indwelling
• External

Urinary Catheters Application Outlook (Revenue, USD Million, 2016 - 2028)

• Benign Prostate Hyperplasia (BPH) & Prostate Surgeries
• Urinary Incontinence
• Spinal Cord Injury
• Others

Urinary Catheters Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Urinary Catheters Market

• Hollister, Inc.
• Medtronic PLC
• Boston Scientific Corp.
• Becton Dickinson And Company (C.R. Bard, Inc.)
• Cook Medical
• Teleflex, Inc.
• Medline Industries, Inc.
• J and M Urinary Catheters LLC

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.

Catheters Market Technological Advancements And Mounting Demand Forecast till 2028: Grand View Research Inc.

 

Catheter Market Growth & Trends

The global catheter market size is anticipated to reach USD 74.84 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The increasing prevalence of chronic diseases and improving medical facilities are some of the prime attributes boosting the market growth. Moreover, the rapidly growing geriatric population base has led to increased hospitalization rates and surgeries, which is anticipated to boost the market growth.

The rise in the prevalence of various chronic disorders, such as cardiovascular disorders, urology disorders, strokes, and other chronic conditions, is expected to increase the demand and use of catheters in medical settings. As per the WHO, every year, 41 million people die due to chronic illnesses, which accounts for 71% of all deaths globally and 60% of the global burden of disease in 2020. Thus, with the rise in these diseases, the use of catheters is bound to increase over the study period. Moreover, an increasing number of people in developing countries of APAC and Latin America are suffering from diabetes owing to factors, such as sedentary lifestyle and dietary irregularities. This, in turn, is expected to boost the use of catheters in medical settings.

Technological advancements play a crucial role in driving the catheters market. For instance, the introduction of miniaturized and antimicrobial catheters to reduce catheter-associated infections is expected to favor the market growth. For instance, Teleflex introduced Arrow acute hemodialysis catheters based on ARROWg+ard Antimicrobial Technology, which is known for its broad-spectrum of antimicrobial protection.

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Catheter Market Report Highlights

• On the basis of product type, the cardiovascular catheters segment dominated the market in 2020 with a share of 28.03% owing to the rise in the prevalence of cardiovascular disorders which, in turn, is increasing the demand for the interventional cardiac procedures
• Based on distribution channel, the hospital stores segment dominated the market in 2020 with a share of 53.83% owing to an increase in the number of hospital admission rates and an upsurge in surgical procedures globally
• North America dominated the market with a revenue share of 32.05% in 2020 owing to the high incidence rate of chronic disorders as well as the availability of highly skilled physicians in this region

Catheter Market Segmentation

Grand View Research has segmented the global catheters market on the basis of product type, distribution channel, and region: 

Catheter Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiovascular
• Urology
• Intravenous
• Neurovascular
• Specialty

Catheter Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals Stores
• Retail Stores
• Others

Catheter Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Catheter Market

• Hollister Incorporated
• Medtronic
• Boston Scientific Corporation
• Edward Lifesciences
• Smith Medical Inc.
• Teleflex Incorporated
• ConvaTec Group Plc
• Cure Medical LLC

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.

Burn Care Market Soaring Demand Assures Motivated Revenue Share By 2028

 Burn Care Market Growth & Trends

The global burn care market size is expected to reach USD 3.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2021 to 2028. Increasing incidences of burn injuries are anticipated to fuel the demand for cost-effective treatment over the forecast period. As per the WHO, 96.0% of fatal fire-related burns occur in low to middle-income countries. According to the data published by WHO, on average 265,000 deaths are caused by burns every year. The majority of these deaths occur in low to middle-income countries and half of them occur in South East Asia. Moreover, around 1,000,000 people in India are moderately or severely burnt and around 173,000 children in Bangladesh are burnt each year. It also reported that in the U.S., approximately 4,500 burn victims die annually and 10,000 die due to burn-related infections. Owing to this substantial increase in the number of burn incidences, the patient population for burn care and treatment has increased. This in turn is expected to drive market growth over the forecast period.

Furthermore, due to the rising incidences of burn, the demand for treatment options is increasing and as a result, the overall healthcare expenditure on burn care is increasing. Treatment options for burn care include advanced dressings, biologics, traditional burn care products, and others. The foam dressings developed from semipermeable polyurethane are waterproof and can be used on heavily exuding wounds. As a result of which they are preferred over normal dressings which are not waterproof and need to be changed regularly.

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Burn Care Market Report Highlights

• The moist wound dressing segment dominated the market in 2020 due to the rising technological advancements and increasing demand for advanced treatment options
• On the basis of depth of wound, the partial thickness burn segment is anticipated to witness the fastest growth over the forecast period. The growth of the segment is attributable to the favorable reimbursement policies in the developed countries
• The hospitals segment accounted for the largest share of the market owing to the increasing incidence of burn injuries and hospitalizations each year
• The thermal burns segment held the largest share of the market in 2020 owing to a high incidence of fire-related burn injuries

Burn Care Market Segmentation

Grand View Research has segmented the burn care market on the basis of the product, depth of wound, cause, end-use, and region:

Burn Care Product Outlook (Revenue, USD Million, 2016 - 2028)

• Advanced Dressing
  • Alginate Dressing
  • Collagen Dressing
  • Hydrogel Dressing
  • Hydrocolloid Dressings
  • Wound Contact Layers
  • Film Dressings
  • Foam Dressings
  • Others
• Biologics
• Traditional Burn Care Products
• Others

Burn Care Depth of Wound Outlook (Revenue, USD Million, 2016 - 2028)

• Minor Burns
• Partial Thickness Burns
• Full Thickness Burns

Burn Care Cause Outlook (Revenue, USD Million, 2016 - 2028)

• Thermal Burns
• Electrical Burns
• Radiation Burns
• Chemical Burns
• Friction Burns

Burn Care End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

Burn Care Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Burn Care Market

• 3M
• Hollister Incorporated
• Cardinal Health
• Integra LifeSciences Corporation
• KCI Licensing, Inc. (Acelity L.P. Inc.)
• Coloplast Corp.
• DeRoyal Industries, Inc.
• Smith & Nephew
• ConvaTec 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.

Animal Health Market Will Target Emerging Markets by 2028

 

Animal Health Market Growth & Trends

The global animal health market size is expected to reach USD 74.5 billion by 2028 registering a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The market is driven by technological advancements in veterinary care. For instance, MediLabSecure, a laboratory network project (2014-2021), was initiated to identify emerging viruses and pathogens in 19 countries in the Mediterranean regions. In addition, the emergence of veterinary health information systems, specifically in developed economies, is expected to provide high growth potential in the future.

With the help of these systems, data generated in veterinary clinics can be uploaded on the internet, which can be further shared with other researchers and clinicians. Incorporation of this technology will facilitate real-time analysis for fluctuations in disease prevalence. As a result of the aforementioned factors, it is presumed that there will be a significant improvement in the overall penetration rate of veterinary health products, which is anticipated to fuel market growth.

North America captured the largest share of the global market owing to technological advancements, rising incidence of zoonotic diseases, an increasing number of pet owners, and a wide range of definitive measures adopted by welfare organizations. Asia Pacific is expected to exhibit the fastest CAGR over the forecast years as a result of consistent R&D investments by prominent players and their efforts to commercialize branded and generic therapeutics at competitive prices.

Key market participants employ sustainability strategies, such as expanding product portfolio, to gain a competitive advantage. For instance, in April 2019, Merck acquired Antelliq Corp., operational in the field of digital animal identification, traceability, and monitoring solutions. This acquisition helped the former company improve its veterinary vaccines and pharmaceutical solutions portfolio.

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Animal Health Market Report Highlights

• The vaccines product segment is expected to exhibit lucrative growth due to a significant increase in the adoption of pets, which demands long-term health plans
• The companion animal type segment is anticipated to register the fastest CAGR from 2021 to 2028 owing to associated health benefits for humans, such as greater psychological stability and reduced anxiety attacks
• The retail and e-commerce distribution channels accounted for notable shares owing to factors, such as convenience associated with online platforms and an increasing number of retail pharmacies
• Point-of-care is the second-fastest-growing end-use segment. The growth is attributed to an increase in demand for productive animals and growing investments in R&D for novel animal products
• In 2020, North America accounted for the largest share of the global market owing to the presence of established pharmaceutical companies consistently striving for extensive commercialization of their products
• Asia Pacific is anticipated to be the fastest-growing regional market over the forecast years owing to high clinical urgency to curb incidence of zoonotic diseases and management of disease outbreaks, such as swine influenza and Ebola

Animal Health Market Segmentation

Grand View Research has segmented the global animal health market on the basis of animal type, product, distribution channel, end-use, and region:

Animal Health Type Outlook (Revenue, USD Million, 2016 - 2028)

• Production
  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish
• Companion
  • Dogs
  • Cats
  • Horses
  • Others

Animal Health Product Outlook (Revenue, USD Million, 2016 - 2028)

• Vaccines
  • Live Attenuated Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Inactivated Vaccines
  • Others
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Feed Additives
  • Nutritional
  • Medicinal
• Diagnostics
  • Instruments
  • Consumables
• Others

Animal Health Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Retail
• E-commerce
• Veterinary Hospitals & Clinics

Animal Health End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Reference Laboratories
• Point-of-Care Testing/In-house Testing
• Veterinary Hospitals & Clinics
• Others

Animal Health Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Russia
  • Spain
  • The Netherlands
  • Switzerland
  • Sweden
  • Ireland
  • Poland
• Asia Pacific
  • Japan
  • China
  • India
  • Indonesia
  • Thailand
  • Australia
  • South Korea
  • Philippines
  • Malaysia
  • Singapore
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey
  • Iran
  • United Arab Emirates
  • Israel

List of Key Players of Animal Health Market

• Merck Animal Health
• Ceva Santé Animale
• Vetiquinol S.A.
• Zoetis
• Boehringer Ingelheim GmbH
• Bayer AG
• Elanco
• Nutreco N.V.
• Virbac
• Heska Corp.

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.

Social Commerce Market Size Is Predicted To Reach A Valuation Of USD 3,369.8 Billion By 2028: Grand View Research Inc.

 Social Commerce Market Growth & Trends

The global social commerce market size is expected to reach USD 3,369.8 billion by 2028, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 28.4% from 2021 to 2028. Social commerce is the incorporation of social media and e-commerce, which is used for selling and promoting products and services. The market is primarily driven by the growing number of social media users, along with rising built-in e-commerce projects. For instance, in March 2019, Instagram launched a checkout feature, which allows users to complete the purchase process without having to leave the app.

The rising adoption of social media platforms or shopping and information exchange is expected to fuel market growth. Moreover, the COVID-19 outbreak has led to an increase in social media usage worldwide, creating opportunities for the social commerce industry. As users have been spending more time on social media, they have discovered new social media platforms. For example, TikTok has witnessed an addition of over 12 million U.S.-based visitors in March 2020 alone, crossing the 2 billion mark in April.

The market is characterized by a high degree of competition due to the presence of numerous companies operating at a global level. Several social media companies have started offering a platform for retailers to buy or sell products. For instance, Facebook launched Marketplace in 2016 as a platform for people to do business in their local communities. People around the world can discover things they love on Facebook Marketplace and launch a business to earn a living.

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Social Commerce Market Report Highlights

• The personal and beauty care segment is anticipated to register a CAGR exceeding 30% over the forecast period owing to the increasing demand in the Asia Pacific
• The B2C segment held the largest market share of 49.53% in 2020, attributed to the increasing usage of social media platforms for buying and selling products
• Asia Pacific captured a sizeable market share of 68.47% in 2020, due to the increasing number of social media users in countries such as India and China

Social Commerce Market Segmentation

Grand View Research has segmented the global social commerce market based on the business model, product type, and region:

Social Commerce Business Model Outlook (Revenue, USD Million, 2017 - 2028)

• B2C
• B2B
• C2C

Social Commerce Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Personal & Beauty Care
• Apparel
• Accessories
• Home Products
• Health Supplements
• Food & Beverage
• Others

Social Commerce Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Social Commerce Market

• Facebook
• Pinterest
• com (Alibaba)
• Etsy, Inc.
• Poshmark, Inc.
• Twitter, Inc.
• Paypal Payments Private Limited
• Sina Corporation
• Fab.
• Reddit, 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.

Pharmacovigilance Market Set to Record Exponential Growth by 2028

 

Pharmacovigilance Market Growth & Trends

The global pharmacovigilance market size is expected to reach USD 14.95 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.5% from 2021 to 2028. The increasing incidence of Adverse Drug Reactions (ADR) is the key growth factor. ADR imposes a substantial burden on healthcare systems and is one of the prominent causes of morbidity in developed countries. According to the National Center for Biotechnology Information (NCBI), approximately 5% of total hospitalizations in Europe each year are due to ADR. Pharmacovigilance services play an integral role in this clinical trial phase by assisting manufacturers in identifying adverse effects associated with the drug.

According to the World Health Organization's (WHO) report on pharmaceutical consumption, medicines to treat chronic diseases accounted for a larger proportion of the total volume of drug consumption in non-hospital setups. Hence, there has been a significant rise in the number of medicines made available to healthcare consumers. The rising demand for drugs has significantly heightened the need for the development of novel therapeutics via extensive clinical trials, which is expected to serve this market with lucrative opportunities.

Moreover, leading pharma companies in developed countries are focusing on outsourcing PV services to reduce costs and minimize operational expenses. This is anticipated to serve as an opportunity for contact research organizations in developing regions to gain more revenue share. Manufacturers are now focusing on remodeling their product development processes in an attempt to cater to patient needs across the globe. These factors are anticipated to fuel the demand for pharmacovigilance services during the forecast period.

Industry participants are focusing on increasing R&D activities to develop better pharmacovigilance services. Companies are also adopting strategies including new product launches and mergers & acquisitions to gain a competitive advantage. Moreover, they are undertaking collaborations with the PV service providers to gain access to medical information and manage PV workflows. For instance, in September 2019, Accenture collaborated with Bayer to implement the company's INTIENT Clinical platform to simplify and speed up its drug development processes, thereby widening its business. The company collaborated with BioCelebrate in 2017 to develop a platform for aggregating and analyzing clinical information for improved drug development efficiency, thus enhancing its R&D capabilities. Such initiatives help companies maintain their market position.

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Pharmacovigilance Market Report Highlights

• By product life cycle, phase IV held a dominant share of 75.61% in 2020 owing to the extensive post-marketing surveillance of pharmaceuticals and an increasing number of ADR incidences in the market
• In terms of service provider, contract outsourcing held a significant share of 59.24% as of 2020 owing to the shift in the focus of pharmaceutical companies to outsourcing services to reduce operational cost
• Based on type, spontaneous reporting held the largest revenue share in 2020 due to its wide application in pharmacovigilance and benefits such as easy simulation of data sets for better drug comparison
• On the basis of end-use, the biotechnology companies segment is anticipated to exhibit a lucrative CAGR of 12.6% over the forecast period owing to the increasing R&D for the development of novel biologics
• Asia Pacific is anticipated to exhibit a lucrative CAGR of 13.2% in the forthcoming years. This is attributed to the availability of low-cost labor and the rising number of outsourcing companies in this region

Pharmacovigilance Market Segmentation

Grand View Research has segmented the global pharmacovigilance market on the basis of the service provider, product life cycle, type, process flow, therapeutic area, end-use, and region:

Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2016 - 2028)

• In-house
• Contract Outsourcing

Pharmacovigilance Product Life Cycle Outlook (Revenue, USD Million, 2016 - 2028)

• Pre-clinical
• Phase I
• Phase II
• Phase III
• Phase IV

Pharmacovigilance Type Outlook (Revenue, USD Million, 2016 - 2028)

• Spontaneous Reporting
• Intensified ADR Reporting
• Targeted Spontaneous Reporting
• Cohort Event Monitoring
• EHR Mining

Pharmacovigilance Process Flow Outlook (Revenue, USD Million, 2016 - 2028)

• Case Data Management
  • Case Logging
  • Case Data Analysis
  • Medical Reviewing & Reporting
• Signal Detection
  • Adverse Event Logging
  • Adverse Event Analysis
  • Adverse Event Review & Reporting
• Risk Management System
  • Risk Evaluation System
  • Risk Mitigation System

Pharmacovigilance Therapeutic Area Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Neurology
• Cardiology
• Respiratory Systems
• Others

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

• Pharmaceuticals
• Biotechnology Companies
• Medical Device Manufacturers
• Others

Pharmacovigilance Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • South Africa
  • Kingdom of Saudi Arabia

List of Key Players of Pharmacovigilance Market

• Accenture
• Linical Accelovance
• IQVIA
• Cognizant
• Laboratory Corporation of America Holdings
• IBM Corporation
• ArisGlobal
• ICON Plc.
• Capgemini
• ITClinical
• TAKE Solutions
• PAREXEL International Corporation
• BioClinica, Inc.
• Wipro Limited
• UNITED BIOSOURCE CORPORATION
• FMD K&L

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.