U.S. Medical Coding Market Precise Analysis on Business Overview, Product Scope And Ongoing Market Development

 U.S. Medical Coding Market Growth & Trends

The U.S. medical coding market size is expected to reach USD 31.4 billion by 2028 registering a CAGR of 8.3% during the forecast period, according to a new report by Grand View Research, Inc. Frequent revisions in the medical codes is one of the major parameter driving the market growth. Moreover, new codes were developed for coding and billing of the COVID-19 disease. For instance, new ICD codes were launched by the World Health Organization, such as U07.1, B34.2, and B97.29. Moreover, CPT published new codes for COVID-19 testing. The Centers for Medicare & Medicaid Services (CMS) also developed new codes for lab testing. This, in turn, is estimated to drive market growth over the coming years.

There is a significant rise in healthcare costs. According to the Society of Actuaries, cumulative change in healthcare spending per person was 18.4% between 2014 and 2018 but the cumulative change in utilization was only 3.1% during the same period in the U.S. The cumulative growth in average price was 15.0% between 2014 and 2018. Healthcare organizations face tremendous pressure to reduce healthcare costs without compromising healthcare efficiency. Medical coding aids in reducing these costs while offering the right treatments. This, in turn, is estimated to support the market growth.

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U.S. Medical Coding Market Report Highlights

• The rapid adoption of Electronic Health Records (EHRs) is contributing to the market growth
• For instance, according to the office of the national coordinator for health information technology, the percentage of EHRs in office-based physicians was 20.8% in 2004, which increased to 85.9% in 2017
• The ICD classification system segment led the market in 2020 with a revenue share of over 69%; however, the CPT segment is estimated to register the fastest CAGR from 2021 to 2028
• The outsourced component segment accounted for the largest revenue share in 2020 and is projected to expand at the fastest CAGR during the forecast period
• The segment growth can be attributed to the popular trend of outsourcing these services due to the advantages, such as reduced turnaround time & operational costs, and enhanced accuracy

U.S. Medical Coding Market Segmentation

Grand View Research has segmented the U.S. medical coding market on the basis of classification system and component:

U.S. Medical Coding Classification System Outlook (Revenue, USD Million, 2016 - 2028)

• ICD
• HCPCS
• CPT

U.S. Medical Coding Component Outlook (Revenue, USD Million, 2016 - 2028)

• In-house
• Outsourced

List of Key Players of U.S. Medical Coding Market

• Startek Health
• Maxim Health Information Services
• Oracle Corporation
• Verisk Analytics
• Aviacode, Inc.
• Precyse Solutions, LLC
• Parexel International Corporation
• Medical Record Associates 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.

Healthcare IT Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 

Healthcare IT Market Growth & Trends

The global healthcare IT market size is expected to reach USD 166.0 billion by 2028 and is expected to grow at a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand and adoption of preventive care along with increasing funding for various mobile health startups is boosting the market growth. In addition, growing network coverage and rising improvements in network infrastructure are further driving the market.

The Covid-19 pandemic has also boosted the demand for online or virtual medical consultancy, globally, owing to the developments and innovations in internet-based technologies, the growing prevalence of chronic diseases, and increasing adoption and positive consumer behavior pertaining to newer technologies in healthcare. According to a 2020 survey conducted by Deloitte, the pandemic propelled the adoption of virtual health. For instance, the percent of consumers or respondents utilizing virtual visits increased from 15% in 2019 to 19% in the initial months of 2020 and a sudden spike of around 28% was witnessed in April 2020. Thus, such instances are likely to support market growth in the coming years.

In 2020, the Electronic Health Records (EHRs) application segment dominated the global market accounting for a revenue share of over 40%. This growth was attributed to the surge in demand for streamlining EHR, EHR-integrated tools, and advancements in information technology. Furthermore, the segment is estimated to retain its leading position throughout the forecast years due to factors, such as growing awareness and adoption in healthcare facilities, strategic initiatives by key players in the healthcare IT space, and an increasing number of initiatives supporting its implementation. For instance, in 2020, Cerner announced the launch of its first virtual EHR implementation in Macon Community Hospital, Tennessee.

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Healthcare IT Market Report Highlights

• The market is anticipated to witness significant growth over the forecast period owing to the rising demand and adoption of preventive care
• North America dominated the global market in 2020 and will grow further at a steady CAGR from 2021 to 2028
• This growth is credited to the rising adoption and implementation of IT services and solutions by healthcare providers for delivering enhanced patient care at lower expenses
• Moreover, the increasing number of hospitals, advanced research centers, and universities along with the presence of key manufacturing hubs in North America will support the market growth in the region

Healthcare IT Market Segmentation

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

Healthcare IT Application Outlook (Revenue, USD Million, 2016 - 2028)

• Electronic Health Records (EHRs)
• Computerized Provider Order Entry Systems (CPOE)
• Electronic Prescribing Systems
• PACS
• Laboratory Information Systems
• Clinical Information Systems
• Tele-healthcare

Healthcare IT Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Healthcare IT Market

• Philips Healthcare
• Agfa Healthcare
• Hewlett-Packard Enterprise
• Carestream Health
• GE Healthcare
• E-MDS, Inc.
• Athenahealth, Inc.
• eClinicalworks
• McKesson 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.

Intravenous Solutions Market is Projected to Grow at a CAGR of 7.9% over the Forecast Period

 

IV Solutions Market Growth & Trends

The global intravenous solutions market size is expected to reach USD 18.9 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The growing incidence rate of chronic diseases such as cancer, increase in the number of premature births, and shortage of I.V. solutions in the U.S. are some of the key factors expected to drive the market.

One of the prime areas wherein intravenous (IV) fluids find usage is severe dehydration. Severe dehydration is seen in diseases such as diarrhea, resulting in the depletion of fluids from the body. According to the WHO, in 2017, diarrhea was the second leading cause of death in children under 5 years of age with around 5,25,000 lives lost each year. Intravenous (IV) fluids can play a key role in the treatment and prevention of deaths caused due to the dehydration/fluid loss associated with diarrhea. Other cases where intravenous fluids find application include surgeries and emergency situations.

The ongoing COVID-19 pandemic is expected to have a positive impact on the market. Intensive Care Units (ICU) worldwide are either operating at full capacity or are overcrowded due to the high influx of patients infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). As per an article published by BBC, in January 2021, critical care wards across England were running in full capacity. Nutritional care is one of the essential elements in managing these patients. This has increased the demand for intravenous (IV) fluids, as many of the patients, especially the elderly population are placed on ventilators and are unable to consume food orally.

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IV Solutions Market Report Highlights

• The Total Parenteral Nutrition (TPN) segment led the segment in terms of revenue share in 2020 owing to its growing applications in the management of chronic diseases
• The increasing number of surgeries and post-operative nutritional management is a prime factor driving the vitamins and minerals (salt and electrolyte) segment’s growth
• North America dominated the market with a revenue share of nearly 40.8% in 2020 due to the high usage of IV fluids in the U.S.

IV Solutions Market Segmentation

Grand View Research has segmented the global IV solutions market based on type, nutrients, and region:

Intravenous Solutions Type Outlook (Revenue, USD Million, 2016 - 2028)

• Total Parenteral Nutrition (TPN)
• Peripheral Parenteral Nutrition (PPN)

Intravenous Solutions Nutrients Outlook (Revenue, USD Million, 2016 - 2028)

• Carbohydrates
• Single Dose Amino Acid Solution
• Vitamins & Minerals (Salt and electrolyte)
• Parenteral Lipid Emulsion
• Others

Intravenous Solutions Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of IV Solutions Market

• Hospira
• Terumo Corporation
• Braun Melsungen AG
• Fresenius Kabi
• Baxter

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.

Bioanalytical Testing Services Market: Advanced Technologies and Growth Opportunities Worldwide By 2028

 Bioanalytical Testing Services Market Growth & Trends

The global bioanalytical testing services market size is anticipated to reach USD 6.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028. The economic efficiency offered for outsourcing as compared to conducting an in-house study is encouraging the outsourcing of these services that is expected to boost the demand over the forecast period. Innovation or new molecule development is directly proportional to the demand for testing services. Due to pricing concerns, competitive pressures, and lead-time to market, companies are opting for outsourcing of testing services. The growing focus on customized care as well as on technological advancements is lowering the molecule lifecycle, which has resulted into rapid development of new molecules.

The market player’s performance in the pharmaceutical analytical testing domain is greatly influenced by the demand from end-user. Due to the increasing awareness level, intense market efforts, government initiatives, and improving accessibility, consumers, these days, are more anxious about personal care, leading to higher consumption of pharmaceutical products. The consumption levels are projected to rise exponentially over the forecast period.

Due to Covid-19 many universities has imposed complete campus lockdown and various other bioanalytical laboratories were suspended for sometimes. This has adversely impacted bioanalytical testing services industry. Also ‘wet lab’ bioanalytical research came to a complete standstill at several universities. But based on recent circumstances the situation has improved for many bioanalytical testing laboratories where activities can be continued in modified forms based on new guidelines. 

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Bioanalytical Testing Services Market Report Highlights

• Small molecule bioanalytical testing services held a lucrative share in 2020. This can be attributed to the maximum generic and branded drug compounds coming under this category
• The Bioavailability (BA) segment dominated the market in 2020 owing to the great demand for these services in generic drug manufacturing. Moreover, with the emergence of biosimilars, the demand for BA studies is expected to increase over the forecast period
• North America dominated the market in 2020. This can be attributed to the fact that it is one of the top manufacturing hubs of highly reliable, complex, and high-end pharmaceuticals
• Asia Pacific region is anticipated to witness the fastest CAGR over the forecast period. This is owing to many developed countries investing in the Asia Pacific region and various amendments to change the clinical trials evaluation standards according to the global platform

Bioanalytical Testing Services Market Segmentation

Grand View Research has segmented the global bioanalytical testing services market based on molecule type, test type, workflow, and region:

Bioanalytical Testing Services Molecule Type Outlook (Revenue, USD Million, 2016 - 2028)

• Small Molecule
• Large Molecule
  • LC-MS Studies
  • Immunoassays
    • PK
    • ADA
    • Others
  • Others

Bioanalytical Testing Services Test Type Outlook (Revenue, USD Million, 2016 - 2028)

• ADME
  • In-Vivo
  • In-Vitro
• PK
• PD
• Bioavailability
• Bioequivalence
• Others

Bioanalytical Testing Services Workflow Outlook (Revenue, USD Million, 2016 - 2028)

• Sample Preparation
  • Protein Precipitation
  • Liquid-Liquid Extraction
  • Solid Phase Extraction
• Sample Analysis
  • Hyphenated technique
  • Chromatographic technique
  • Electrophoresis
  • Ligand Binding Assay
  • Mass Spectrometry
  • Nuclear Magnetic Resonance
• Other Processes

Bioanalytical Testing Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Bioanalytical Testing Services Market

• PPD
• ICON plc
• Covance Inc.
• LabCorp
• Charles River Laboratories International, Inc.
• inVentiv Health
• SGS SA
• Toxikon, Inc.
• Intertek group
• Pace Analytical Services, 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.

Cosmetic Dentistry Market Pegged For Strong Growth During 2021-2028

 Cosmetic Dentistry Market Growth & Trends

The global cosmetic dentistry market size is expected to reach USD 27.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2021 to 2028. With an increase in the population opting for the improvement of dental aesthetics, this industry has undergone great advancements. Cognizance among the population about such techniques and procedures has allowed this industry to prosper by leaps and bounds. Developing countries have generated a large amount of disposable income, which is the main reason why cosmetic dentistry is flourishing. The geriatric population, in general, has propagated the growth of this industry with old age-related tooth ailments. Dental tourism has been an important reason that has caused cosmetic dentistry to prosper globally.

The major restraints in this market include the lack of reimbursement options for cosmetic procedures and the expensive cost of dental imaging. Insurance companies and government agencies do not regard cosmetic procedures as essential, and thus not many reimbursement options are available for cosmetic dentistry.

Initially, as a short-term impact of COVID-19, global cosmetic dentistry was hampered. Most of the dental clinics had stopped seeing their patients, with only emergency treatments given a permit. This resulted in a lower volume of patient visits and impacted revenue to a great extent. It was reported that there were 19 million fewer routine check-ups at NHS registered dental practices. However, telemedicine became an effective mode of communication for both patients and doctors. On the flip side, in countries such as Australia, due to the longer time spent on Zoom, interest in cosmetic dentistry has increased highlighting some brighter days ahead for the industry.

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Cosmetic Dentistry Market Report Highlights

• North America led the market for cosmetic dentistry in 2020 owing to technological advancements and an increase in patients opting for procedures to improve dental aesthetics
• The Asia Pacific region is expected to grow significantly in the forecast period. This is majorly attributed to a large population base and disposable income being generated in this region
• By product, dental systems and equipment held the largest market share in 2020 owing to their wide range of applications in the dental industry

Cosmetic Dentistry Market Segmentation

Grand View Research has segmented the global cosmetic dentistry market on the basis of product and region:

Cosmetic Dentistry Product Outlook (Revenue, USD Million, 2016 - 2028)

• Dental Systems & Equipment
  • Instrument Delivery Systems
  • Dental Chairs
  • Dental Handpieces
  • Light Curing Equipment
  • Dental Scaling Units
  • Dental CAM/CAD Systems
  • Dental Lasers
  • Dental Radiology Equipment
• Dental Implants
• Dental Crowns & Bridges
• Dental Veneer
• Orthodontic Braces
• Bonding Agents
• Inlays & Onlays
• Whitening

Cosmetic Dentistry Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Cosmetic Dentistry Market

• Danaher Corporation
• Align Technology Inc.
• Dentsply International, Inc.
• 3M Company
• Zimmer Biomet Holding, Inc.
• Institut Straumann AG
• Sirona Dental Systems, Inc.
• Biolase, Inc.
• Planmeca Oy
• A-dec 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.

Nephrology & Urology Devices Market is Anticipated to Register 6.6% CAGR through 2028

 

Nephrology And Urology Devices Market Growth & Trends

The global nephrology and urology devices market size is anticipated to reach USD 7.21 billion by 2028 registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Unhealthy lifestyle and rise in smoking & alcohol consumption along with dietary irregularities are some of the factors resulting in urological and nephrological disorders. This is anticipated to increase the demand for devices to treat these disorders.

Increasing cases of Chronic Kidney Disease (CKD) are expected to boost the market growth. According to the National Kidney Foundation 2019, it is estimated that there are more than 2 million cases of CKD across the globe and this number continues to grow at a rate of 5-7% per year. Moreover, the growing adoption of minimally invasive procedures is expected to drive market growth.

Numerous non-invasive techniques have been introduced in the market, such as condom catheter, Doppler ultrasound video urodynamic, Intravesical Prostatic Protrusion (IPP), and penile cuff, which helps avoid painful catheterization. Technological advancements play a crucial role in driving market growth. For instance, certain companies introduced antimicrobial catheters to reduce catheter-associated infections and cases of thrombosis. Palindrome HSI heparin-coated & silver ion antimicrobial catheter by Medtronic PLC helps reduce clot formation and microbial colonization on the catheter surface.

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Nephrology And Urology Devices Market Report Highlights

• On the basis of product, the others segment dominated the market in 2020 with the share of 28.49%
• This growth can be attributed to the high prevalence of urological & nephrological disorders globally and the launch of technologically advanced products by the key players in this segment
• However, the Percutaneous Nephrostomy (PCN) catheters segment is expected to register the fastest CAGR of 7.6% from 2021 to 2028 due to the increasing application scope of PCN in various kidney-related medical conditions
• North America dominated the market with the highest revenue share of 33.20% in 2020 and will retain the leading position throughout the forecast period
• The presence of prominent players, advanced healthcare infrastructure, and high public funding in the healthcare system are some of the factors responsible for the region’s growth

Nephrology And Urology Devices Market Segmentation

Grand View Research has segmented the global nephrology and urology devices market on the basis of product and region:

Nephrology & Urology Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Ureteral Catheters
• PCN Catheters
• Urinary Stents
• Stone Basket
• Urology Guidewires
• Renal Dilators
• Others

Nephrology & Urology Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Nephrology And Urology Devices Market

• Medtronic plc
• Fresenius Medical Care AG & Co. KGaA
• Baxter International, Inc.
• Boston Scientific Corp.
• R. Bard, Inc.
• Cook Group, Inc.
• Hollister, Inc.
• Nipro Corp.
• Terumo Corp.
• Coloplast A/S
• ConvaTec Group plc
• Braun AG
• Teleflex, Inc.
• Asahi Kasei Corp.
• Nxstage Medical, 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.

Laryngeal Mask Market is Thriving USD 863.7 Million Revenue by 2028: Grand View Research Inc.

 Laryngeal Mask Market Growth & Trends

The global laryngeal mask market size is expected to reach USD 863.7 million by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. An increase in the number of surgeries that include anesthesia procedures coupled with the rising morbidity related to chronic diseases is the key contributor to market growth.

The key advantages of the product, such as ventilation management during anesthesia, induction, maintenance, and emergence, are anticipated to drive the market. Furthermore, the placement of these masks does not require laryngoscopy and muscle relaxants like succinylcholine, which is known to cause postoperative myalgia in certain patients. Hence, the usage of these masks greatly reduces the incidence of postoperative myalgia.

There is an increased demand for disposable devices in critical care units. This can be attributed to the cost-effectiveness, easy assembly, and flexible process designs of these technologies. Such factors are anticipated to increase the demand for disposable laryngeal masks over the forecast period. In addition, the products need smaller footprints and lower investment, as they are simpler and do not require sanitization and cleaning. Factors like these are expected to encourage emerging companies with low capital resources to invest in the market.

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Laryngeal Mask Market Report Highlights

• The disposable mask type segment is expected to witness the fastest CAGR of around 6.5% over the forecast period owing to the rising demand for disposable masks in critical care units
• The adult patient segment led the market in 2020 with a revenue share of over 58.8% and will retain its dominant position throughout the forecast period
• The hospitals and clinics end-user segment accounted for the largest revenue share of over 60.3% in 2020
• This higher was attributed to rising awareness and supportive government and favorable reimbursement policies
• Due to the presence of well-established companies and advanced healthcare infrastructure, North America was the leading regional market in 2020
• However, Asia Pacific is anticipated to register the fastest CAGR over the forecast period owing to supportive government initiatives and rapidly developing healthcare infrastructure in emerging countries
• Industry players have undertaken several business strategies, such as mergers and acquisitions, collaborative agreements, and geographic expansion, to gain a higher market share
• For instance, in May 2019, Ambu A/S entered into a strategic partnership with Cook Medical; according to which, Cook Medical distributed Ambu’s products in the U.S.

Laryngeal Mask Market Segmentation

Grand View Research has segmented the global laryngeal mask market on the basis of type, patient, end-use, and region:

Laryngeal Masks Type Outlook (Revenue, USD Million, 2016 - 2028)

• Reusable
• Disposable

Laryngeal Masks Patient Outlook (Revenue, USD Million, 2016 - 2028)

• Children
• Adult
• Geriatric

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

• Hospitals & clinics
• Ambulatory Surgical Centers

Laryngeal Masks Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Laryngeal Mask Market

• Teleflex Incorporated
• Intersurgical Ltd
• Dynarex Corporation
• Medtronic, Ambu A/S
• Hitec Medical
• McKesson Corporation
• Thermo Fisher Scientific Inc.
• Anandic Medical Systems
• Narang Medical
• Besmed
• Vogt Medical Vertrieb GmbH
• Ferno
• Hsiner
• Legend Medical Devices, 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.

Thermometer Market to Reap Excessive Revenues By 2028

 Thermometer Market Growth & Trends

The global thermometer market size is expected to reach USD 2.34 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2028. An increase in the demand for accurate medical devices and the requirement of specific temperature conditions influence the market growth.

The rising cases of medical ailments involving accurate measurement of body temperature for the treatment planning and requirement of specific temperature conditions in various industries are likely to heighten the demand for thermometers during the forecast period. The rise in health consciousness, coupled with an increase in healthcare expenditure, is also anticipated to fuel market growth further in the coming decade.

The increasing prevalence of target diseases, such as malaria, dengue, typhoid, and swine flu, which cause fever, is anticipated to be a high-impact rendering driver of the market. Malaria is one of the most fatal diseases and is one of the leading causes of death globally. According to the World Malaria Report 2019, an estimated 229 million cases of malaria were observed in 2019 globally.

Furthermore, rapid technological advancements in temperature monitoring devices are increasing the acceptance of these devices by people. For instance, in 2018, Optics developed upgrades for its compact infrared thermometers, which improved their speed and flexibility for industrial use. This is expected to boost the market growth during the forecast period.

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Thermometer Market Report Highlights

• Based on product, mercury-free thermometers dominated the market with a share of 62.52% in 2020 and are expected to witness significant growth from 2021 to 2028. This can be attributed to the high adoption owing to cost-effectiveness, higher efficacy, and beep indication on temperature fluctuations
• On the basis of application, the medical segment dominated the market with a share of 28.53% in 2020 owing to the high prevalence of diseases, which require body temperature assessment for the treatment planning
• North America dominated the market with a revenue share of 34.45% in 2020 owing to the increasing incidences of infectious diseases, such as COVID-19 and Influenza, and the presence of well-established healthcare facilities in this region

Thermometer Market Segmentation

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

Thermometer Product Outlook (Revenue, USD Million, 2016 - 2028)

• Mercury-based Thermometers
• Mercury-free Thermometers
  • Infrared Radiation Thermometers
  • Digital Thermometers
  • Others

Thermometer Application Outlook (Revenue, USD Million, 2016 - 2028)

• Medical
• Industrial
• Food
• Laboratory
• Others

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

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

List of Key Players of Thermometer Market

• Medline Industries, Inc.
• 3M
• Welch Allyn
• American Diagnostics Corporation
• A&D Medical
• Exergen Corporation
• Microlife Corporation
• RG Medical Diagnostics
• Medtronic
• Terumo Corporation
• Actherm Inc.
• Briggs Healthcare
• OMRON Healthcare Inc.
• Fairhaven Health

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 Injectors Market Projected to Discern Stable Expansion by 2028

 Wearable Injectors Market Growth & Trends

The global wearable injectors market size is expected to reach USD 18.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.2% from 2021 to 2028. Wearable injectors are drug administration devices designed to deliver drugs in large volumes subcutaneously. It is gaining popularity owing to its advantages such as reduced pain, ease of administration, and elimination of costly health facility visits.

Over the last decade, patient interest in the self-administration of injectable drug therapies has grown. The increasing prevalence of diabetes, chronic pain, and auto-immune diseases, such as rheumatoid arthritis, is increasing the use of wearable injectors. Their demand is increasing for the long-term management of asthma, chronic obstructive pulmonary disease (COPD), high cholesterol, and cancer. This is expected to create a lucrative opportunity for advanced device manufacturers to make wearable devices used to administer larger dose volumes at the comfort of home.

The recent COVID-19 pandemic has brought remote care technologies, such as wearable injectors, into the spotlight. Demand for chronic disease products remains largely unaffected by the pandemic. Since wearable injectors serve with the option of delivering medications at home, its demand has also remained stable or rather grown for the short term. Patients suffering from chronic diseases are opting for these devices as it reduces the risk of exposure to COVID-19 by eliminating hospital visits. The pandemic has, however, affected some of the devices in the pipeline, affecting short-term investments. Leading players who continue to invest in innovation push projects forward despite COVID-19 are expected to put their companies in a stronger competitive position post-crisis.

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Wearable Injectors Market Report Highlights

• By type, the on-body segment led the market in 2020 owing to its advantage to be worn on the skin
• The spring-based technology segment held the largest share of 36.3% in 2020 due to a rise in demand for adhesive patches for the treatment of chronic conditions, such as cancer and diabetes
• The home care end-use segment led the market in 2020. This can be attributed to a rise in preference for self-administration, especially during the COVID-19 pandemic
• North America dominated the market with a share of 41.5% in 2020 owing to the rising prevalence of chronic diseases

Wearable Injectors Market Segmentation

Grand View Research has segmented the global wearable injectors market based on type, technology, application, end-use, and region:

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

• On-body
• Off-body

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

• Spring-based
• Motor-driven
• Rotary Pump
• Expanding Battery
• Others

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

• Oncology
• Infectious Diseases
• Cardiovascular Diseases
• Autoimmune Diseases
• Others

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

• Hospitals
• Clinics
• Home Care
• Others

Wearable Injectors Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Wearable Injectors Market

• Becton, Dickinson and Company
• Johnson & Johnson Services, Inc.
• Hoffmann-La Roche Ltd.
• Unilife Corporation
• SteadyMed Therapeutics, Inc.
• Amgen, Inc.
• Insulet Corporation
• Enable Injections
• West Pharmaceutical Services, Inc.
• CeQur SA

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.

Reusable Water Bottle Market Top Players ,Analysis And Forecast Till 2028: Grand View Research Inc.

 Reusable Water Bottle Market Growth & Trends

The global reusable water bottle market size is expected to reach USD 84.8 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.0% from 2021 to 2028. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop environmentally-friendly products. Furthermore, the extensive use of disposable water bottles in sports and public places is discouraged by various campaigns in order to create awareness among people. Some governments have taken initiatives for the same, for instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives.

According to Forbes Media LLC, every minute humans buy a million plastic bottles and the fact that 91% of this plastic is not recycled is becoming a threat to the environment. However, the growing demand for environmentally-friendly products and easy-to-carry bottles among consumers is a major factor fueling the market growth.

Metal-based reusable water bottles are gaining increasing traction among consumers. Since water packed in plastic bottles for long durations under various conditions dissolves harmful chemicals from the bottle surface, and thereby does not meet the safe drinking water standards and is unfit and unhealthy for consumption. In such cases, RO and UV filtered municipal water if filled in a reusable bottle, is a healthier alternative, thereby driving the demand for such reusable water bottles.

Therefore, health advantages associated with metal-based bottles, such as restraining harmful chemicals emitted from plastic bottles, are causing greater adoption of the product among consumers. In addition, the multi-purpose usage of stainless-steel water bottles in keeping water cold or hot for longer durations owing to their insulating properties has attracted consumers to these products.

Increasing preference of the younger population for buying various products through specialty stores owing to greater quality, fewer chances of selling counterfeit products, and assistance in buying the products is a key factor boosting the growth of the specialty stores segment.

The majority of the countries in the Asia Pacific market are the ones that consider the price of the product first, hence are said to be cost centric. Consumers can significantly save up to 2,000 times the expenditure on water bottles by preferring reusable water bottles. This factor is supporting the demand for reusable water bottles in the region. The growing trend of refilling water bottles in the region is boosting the demand for reusable water bottles. For instance, Social Innovation Japan launched MyMizu, the first free water refill app, with an aim to reduce PET bottle consumption in Japan. This app connects users to 8,000+ refill stations nationwide. These factors are boosting the demand for reusable water bottles among consumers.

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Reusable Water Bottle Market Report Highlights

• Based on material, plastic is expected to register the highest CAGR over the forecast period
• By distribution channel, supermarkets and hypermarkets accounted for the largest share of 38.4% in 2020
• The online distribution channel segment is expected to expand at the highest CAGR of 4.9% from 2021 to 2028 due to the rising penetration of e-commerce and the low cost of startups
• The Asia Pacific held the largest share of 39.2% in 2020

Reusable Water Bottle Market Segmentation

Grand View Research has segmented the global reusable water bottle market on the basis of material type, distribution channel, and region:

Reusable Water Bottle Material Type Outlook (Revenue, USD Million, 2016 - 2028)

• Glass
• Stainless Steel
• Plastic
• Silicone
• Others

Reusable Water Bottle Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Specialty Stores
• Convenience Stores
• Supermarkets & Hypermarkets
• Online

Reusable Water Bottle Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Reusable Water Bottle Market

• Tupperware Brands Corporation
• SIGG Switzerland AG, GmbH
• Contigo
• CAMELBAK PRODUCTS LLC
• Nalge Nunc International Corp.
• Klean Kanteen Inc.
• Hydaway
• Aquasana, 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.

Roll-Your-Own Tobacco Product Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Roll-Your-Own Tobacco Product Market Growth & Trends

The global roll-your-own tobacco product market size is expected to reach USD 10.42 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.2% from 2021 to 2028. The rising consumption of products among females and students is fueling market growth over the world. The adoption rate of the product is increasing among the youth in major economies, including the U.S. Moreover, the financial stress caused by the COVID-19 pandemic has encouraged numerous smokers to shift from factory-made cigarettes to hand-rolled cigarettes due to the cost advantage of roll-your-own (RYO) tobacco products.

The filter and paper tip segment is expected to register the fastest CAGR of 4.7% from 2021 to 2028. Rapid research and product development of new kinds of filters focusing on removing maximum tar, nicotine, and certain gases are estimated to fuel the segment growth. Furthermore, the introduction of biodegradable or environment-friendly filters is expected to boost the demand for filter and paper tips in the upcoming years.

Europe dominated the market with a revenue share of more than 55.0% in 2020. According to the World Health Organization (WHO), Europe reported the highest prevalence of smoking among adults (28%), with a percentage of the consumption trend observed among adolescents. Cigarettes witnessed the highest consumption among Europeans. The popularity of RYO cigarettes is on the rise among consumers due to the cost-effectiveness of the products and the availability of varied flavors. The consumption of RYO cigarettes in the region is mainly concentrated among men who smoke regularly.

Companies are looking to maintain their brand image and gain customer loyalty by upgrading their offerings according to customer specifications and studying consumer behavior patterns. Key players in the market are offering tobacco products in different sizes, flavors, and attractive packaging. These initiatives by manufacturers are propelling the global demand for premium roll-your-own tobacco products.

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Roll-Your-Own Tobacco Product Market Report Highlights

• North America is expected to register the fastest CAGR of 4.7% from 2021 to 2028 owing to the increasing adoption of the product among the young consumers
• By product, the filter and paper tip segment is expected to register the fastest CAGR of 4.7% from 2021 to 2028
• Europe dominated the market by accounting for over 55.0% in 2020. The rate of smoking in the European countries has contributed to the growth of the market in the region
• Offline distribution channel held the largest share of more than 85.0% in 2020

Roll-Your-Own Tobacco Product Market Segmentation

Grand View Research has segmented the global roll-your-own tobacco product market on the basis of products, distribution channel, and region:

RYO Tobacco Products Outlook (Revenue, USD Million, 2016 - 2028)

• RYO Tobacco
• Rolling Paper & Cigarette Tubes
• Injector
• Filter & Paper Tip

RYO Tobacco Product Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

RYO Tobacco Product Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Roll-Your-Own Tobacco Product Market

• Imperial Brands
• British American Tobacco
• Japan Tobacco International
• Scandinavian Tobacco Group A/S
• Altria Group, Inc.
• Philip Morris International
• HBI International
• Curved Papers, Inc.
• Karma Filter Tips
• Shine Brands

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.

U.S. Frozen Dessert Market Overview, Analysis And Forecast To 2028

 U.S. Frozen Dessert Market Growth & Trends

The U.S. frozen dessert market size is expected to reach USD 82.00 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2021 to 2028. The market is highly dynamic as a large number of international and domestic companies can be seen competing for their share. Players are continually innovating and experimenting with new ingredients and flavors to ensure there is something for everyone. One of the most popular consumer preference that has emerged as a significant trend in the industry is the demand for low-calorie and low-sugar options.

Growth in consumers’ awareness regarding eating healthy, staying fit, and avoiding weight gain is expected to drive the demand for low-calorie frozen novelties. Companies offering such products have been mentioning the calorie and nutritional content in large and clear fonts on the packaging to attract consumers in the near future.

Another popular trend in the market is the growth in demand for vegan products and a majority of manufacturers have been introducing vegan frozen novelty products. The demand for dairy-free products is no longer restricted to lactose-intolerant consumers but expands to those looking for variety or those following a special diet. This trend has resulted in the growing availability of non-dairy frozen novelties over the next few years.

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U.S. Frozen Dessert Market Report Highlights

• By product, the ice cream and gelato segment held the largest share of more than 40.0% in 2020. Product launches have been contributing immensely to the wide penetration of this product segment
• The water and fruit puree-based frozen desserts segment is anticipated to be the fastest-growing product segment with a CAGR of 13.0% from 2021 to 2028. Increasing focus on consuming plant-based organic food items is propelling the growth of the segment
• By type, the dairy segment accounted for the largest share of more than 80.0% in 2020. The category enjoys a wide penetration owing to the first-mover advantage
• The vegan type segment is anticipated to expand at the fastest CAGR of 11.3% from 2021 to 2028. The rising adoption of veganism in households is a major factor expected to contribute to the massive growth of the segment over the next few years
• New product launches have been contributing immensely to the wide penetration of the market. In May 2020, Ben & Jerry launched a new ice cream flavor called Boots on the Moooo'n, in partnership with Netflix

U.S. Frozen Dessert Market Segmentation

Grand View Research has segmented the U.S. frozen dessert market on the basis of product, type, and distribution channel:

U.S. Frozen Dessert Product Outlook (Revenue, USD Million, 2016 - 2028)

• Frozen Yogurt
• Ice Cream & Gelato
• Cake & Pastry
• Water & Fruit Puree Based Frozen Desserts
• Sweet, Chocolate & Candy
• Others

U.S. Frozen Dessert Type Outlook (Revenue, USD Million, 2016 - 2028)

• Vegan
• Dairy

U.S. Frozen Dessert Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Supermarkets, Hypermarkets & Mass Merchandisers
• Eateries & Specialty Shops
• Gas Stations & Convenience Stores
• Online & D2C
• Others

List of Key Players of U.S. Frozen Dessert Market

• Unilever
• Nestlé
• Froneri International Limited
• Blue Bell Creameries
• Wells Enterprises, Inc.
• Windward Brands LLC
• Tofutti Brands, Inc.
• Cold Stone Creamery, DD IP Holder LLC (Dunkin' Brands)
• Dairy Farmers of America, 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.

Engineering Services Outsourcing Market Poised to Expand at a Robust Pace Over 2028

 Engineering Services Outsourcing Market Growth & Trends

The global engineering services outsourcing market size is expected to reach USD 5.50 trillion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 22.9% from 2021 to 2028. The globalization of Research and Development (R&D), easy availability of low-cost labor and skilled professionals, and increasing adoption of information technology and smart technologies in various end-use industries are some of the factors that are expected to drive the growth of the market for engineering services outsourcing (ESO) over the forecast period.

The market has been evolving continuously in line with the advances in sensing, connected computing, artificial intelligence, and the internet of things (IoT), among other technologies. The intensifying competition to provide state-of-the-art solutions is prompting service providers to invest aggressively in R&D. Key ESO players are also putting a strong emphasis on Mergers and Acquisitions (M&A) and strengthening the existing tie-ups with their clients to tap new business opportunities. For instance, in November 2020, Tata Consultancy Services Limited, global IT services, and business solutions provider based in India announced an agreement to acquire 100% of the shares of Postbank Systems AG, one of the prominent IT service providers based in Germany, from Deutsche Bank AG. Tata Consultancy Services Limited already happens to be Deutsche Bank AG’s trusted IT service partner and the acquisition would deepen the partnership further while allowing the company to strengthen its operations in Germany.

The outbreak of the COVID-19 pandemic and the subsequent lockdowns implemented in various countries across the world at the beginning of 2020 to arrest the spread of the disease had a varying impact on the ESO market depending on the end-use industry. For instance, industries and industry verticals, such as automotive, and aerospace, among others, were adversely affected owing to the temporary shutdown of industrial facilities, production units, public transportation, and logistics operations. On the contrary, the pharmaceutical and healthcare industry was relatively unaffected as healthcare companies focused on the development of advanced personal protective equipment (PPE) and testing kits, while pharmaceutical companies embarked upon the development of COVID-19 vaccines.

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Engineering Services Outsourcing Market Report Highlights

• The designing segment is anticipated to register the highest CAGR of around 25.0% over the forecast period
• The industrial segment accounted for the largest revenue share in 2020 and is anticipated to continue dominating the market over the forecast period
• The Asia Pacific ESO market is expected to account for the largest revenue share of over 40.0% in 2020 owing to the easy availability of relatively low-cost and skilled resources in countries, such as India, China, the Philippines, and other East Asian countries

Engineering Services Outsourcing Market Segmentation

Grand View Research has segmented the global engineering services outsourcing market based on services, location, application, and region:

Engineering Services Outsourcing Services Outlook (Revenue, USD Billion, 2016 - 2028)

• Designing
• Prototyping
• System Integration
• Testing
• Others

Engineering Services Outsourcing Location Outlook (Revenue, USD Billion, 2016 - 2028)

• Onshore
• Offshore

Engineering Services Outsourcing Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Aerospace
• Automotive
• Industrial
• Consumer Electronics
• Semiconductors
• Healthcare
• Telecom
• Others

Engineering Services Outsourcing Region Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Engineering Services Outsourcing Market

• Infosys Limited
• Tata Consultancy Services Limited
• ALTEN Group
• Altair Engineering, Inc.
• Boston Engineering Corporation
• Altran

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.

Leak Detection And Repair Market To Hold a High Potential for Growth by 2028

 Leak Detection And Repair Market Growth & Trends

The global leak detection and repair market size is expected to reach USD 26.07 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the increasing oil and gas leakages in pipelines and storage tanks and the ongoing new pipeline constructions, among others. The rise in oil and gas consumption has increased the production activities of oil and gas and thereby, created the need for leak detection repair systems.

Nowadays, oil and gas companies are leveraging internet of things capabilities for leakage detection, remote area monitoring, and so on. In the oil and gas industry, IoT technology is used for monitoring pumps, compressors, and motors and detecting the temperature, dynamic pressure, and traces of gas in pipelines. Various companies are making efforts to provide internet of things-based pipeline leak detection services. For instance, in November 2020, Siemens announced its partnership with ProFlex Technologies, a provider of leak detection solutions to pipeline operators. Under this partnership, the Pipe-Safe advanced leak detection technology of ProFlex will be combined with Siemen's IoT system to enable operators to reduce the risk of gas leaks.

Government bodies across the world are making efforts to reduce methane emissions in recent days. The U.S. Environmental Protection Agency (EPA), under the government's Climate Action Plan and the Clean Air Act, is making efforts to cut down methane emissions from oil and natural gas industries. This strategic plan is aimed toward reducing methane emissions from the oil and gas industry by 40% to 45% by 2025. Methane is the key contributor to global warming, having a potential of more than 25% compared to carbon dioxide. This creates the need for leak detection and repair solutions for controlling methane leakage from oil and gas industries.

The COVID-19 pandemic is anticipated to impact the market growth favorably in the coming years. The pandemic has led to an increase in the use of UV leak detection systems for identifying leaks in mobile HVAC systems. The pandemic has led to an increase in the use of car heating systems to sanitize emergency vehicles. Thios creates the need for a leak detector as coolant leaks can lead to the risk of overheating of engines.  

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Leak Detection And Repair Market Report Highlights

• Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market
• Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period
• Major American and European oil and gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments
• National oil companies in the Asia Pacific region such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region’s rapidly growing market
• In terms of technology, Volatile Organic Compounds (VOC) analyzers are in demand as they detect various gases such as propane, methane, and carbon dioxide
• North America dominated the market in 2020 owing to the stringent regulations such as Leak Detection Regulations in the U.S. as well as the high adoption of advanced technologies by companies in the region

Leak Detection And Repair Market Segmentation

Grand View Research has segmented the global leak detection and repair market based on product, technology, and region:

Leak Detection And Repair Product Outlook (Revenue, USD Million, 2016 - 2028)

• Handheld Gas Detectors
• UAV-Based Detectors
• Vehicle-based Detectors
• Manned Aircraft Detectors

Leak Detection And Repair Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Volatile Organic Compounds (VOC) Analyzer
• Optical Gas Imaging (OGI)
• Laser Absorption Spectroscopy
• Ambient/Mobile Leak Monitoring
• Acoustic Leak Detection
• Audio-Visual-Olfactory Inspection

Leak Detection And Repair Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Leak Detection And Repair Market

• Aeris Technologies, Inc.
• IBM Thomas J. Watson Research Center
• Bridger Photonics, Inc.
• LI-COR, Inc.
• Duke University
• Colorado State University
• Palo Alto Research Center
• Maxion Technologies Inc.
• Rebellion Photonics
• Physical Sciences Inc.
• Avitas Systems
• PrecisionHawk
• SeekOps, Inc.
• Advisian
• Ball Aerospace & Technologies Corp.
• Gas Ops Leak Detectives, LLC (G.O.L.D. LLC).
• Guideware Systems, LLC.
• Summit Inspections Services, Inc.
• GHD, Inc.
• ERM Group, Inc.
• AECOM
• Guardian Compliance
• ABB Ltd.
• Chicago Bridge & Iron Company N.V.
• Heath Consultants
• ENCOS, Inc.
• Team Inc.
• VelocityEHS
• Picarro Inc.
• Microdrones GmbH
• Boreal Laser Inc.
• Kairos Aerospace

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.

Impact of Existing and Emerging Platelet Rich Plasma Market Trends And Forecast 2021-2028

 Platelet Rich Plasma Market Growth & Trends

The global platelet rich plasma market size is estimated to reach USD 1.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.0% from 2021 to 2028. Several research studies have been performed recently to assess the conditions and incidences of platelet rich plasma (PRP) usage across both nonoperative as well as operative settings. Recent research on these lines has concluded that the breadth and use of platelet rich plasma have increased significantly among Medicare beneficiaries, which is expected to drive the market.

Technological advancements in the development of novel and innovative platelet rich plasma products are expected to propel market growth. Market participants are developing advanced products to reinforce their market share and overcome current limitations. In February 2020, Florida-based EmCyte Corporation received FDA’s 510(k) approval for its PurePRP Supraphysiologic Concentrating System, intended for producing platelet rich plasma from a small quantity of blood sample at Point-of-care (PoC) settings. This is an advanced autologous biologic concentrating system that can enable clinicians to improve their work.

The potential value of the market products lies in its ability to include high concentrations of platelet-derived fibrin and growth factors. Several research studies have demonstrated beneficial results with the usage of PRP in a wide range of clinical applications, such as orthopedics, sports medicine, cosmetic surgery, general surgery, neurosurgery, ophthalmic surgery, and others.

PRP injections are widely accepted in the orthopedic treatment, particularly focused towards joint pain relief and other bone defects, propelling the industry growth. It is also used to stimulate the formation of bone in spinal fusion surgeries. Additionally, integration of PRP in the management of COVID-19 patients, as an adjunct therapy is further expected to offer profitable business opportunities for the entities operational in this market.

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Platelet Rich Plasma Market Report Highlights

• The pure PRP segment accounted for the largest revenue share of over 52.0% in 2020. Compared to Leukocyte Rich Platelet rich plasma (LR-PRP), pure PRP can promote better repair of bone defects
• LR-PRP can enhance bone regeneration by improving viability, proliferation, migration of cells in vitro, and osteogenesis and angiogenesis in vitro and in vivo
• However, LR-PRP products can produce adverse or inferior effects, making pure type more suitable for bone regeneration
• The combined use of P-PRP with β-tricalcium phosphate (β-TCP) is considered a simple, safe, and effective option in the treatment of bone defects. These factors are expected to boost the utilization of the same
• Orthopedics dominated the market in 2020 accounting for a market share of more than 29.0%, while dermatology is expected to witness the fastest growth rate over the forecast period
• A large number of orthopedic and general surgeries being performed in hospitals is contributing to the dominant share held by hospitals in the market
• The growing competition in the global market can be attributed to the presence of several well-established companies as well as small and midsized entities
• Established manufacturers are observing strategic product developments to ensure maximum product reach
• In October 2019, a new design for packaging was introduced by Croma-Pharma GmbH for the company’s ACP double syringe system. The unique appearance of Croma products has been integrated in this new design. Croma is an exclusive distributor of the Arthrex ACP double syringe system in 9 countries in Europe

Platelet Rich Plasma Market Segmentation

Grand View Research has segmented the global platelet rich plasma market on the basis of type, application, end-use, and region:

PRP Type Outlook (Revenue, USD Million, 2017 - 2028)

• Pure Platelet Rich Plasma
• Leukocyte Rich Platelet Rich Plasma
• Others

PRP Application Outlook (Revenue, USD Million, 2017 - 2028)

• Orthopedics
• Sports Medicine
• Cosmetic Surgery
• Dermatology
  • Ulcer Healing
    • Venous Ulcer
    • Traumatic Ulcer
    • Diabetic Ulcer
    • Pyoderma Gangrenosum Ulcer
    • Trophic Ulcer
    • Vasculitic Ulcer
    • Others
  • Others
• Ophthalmic Surgery
• Neurosurgery
• General Surgery
• Others

PRP End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Hospitals
• Clinics
• Others

PRP Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Platelet Rich Plasma (PRP) Market

• Johnson & Johnson (DePuy Synthes)
• Zimmer Biomet
• Stryker
• EmCyte Corporation
• Terumo BCT, Inc.;
• Arthrex, Inc.
• PRP America
• Juventix
• APEX Biologix
• Celling BioSciences

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.