Smart Glass Market Major Key Players And Latest Trend Analysis Till 2028

 Smart Glass Market Growth & Trends

The global smart glass market size is expected to reach USD 7.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% from 2021 to 2028. The growing demand across the transportation and architectural sectors is expected to fuel the market growth over the forecast period. Moreover, the growing trend of using smart technology in new buildings has propelled the demand for smart glass products in the architectural sector.

Modern-day glass solutions offer on-demand privacy in the form of dynamic glazing or smart glass. The technologically-advanced products can turn from clear to opaque in no time. Furthermore, smart glass can help transform the indoor experience by providing an outside view and preserving environmental sustainability. As a result, the demand for smart glass in hospitals, restaurants, and commercial buildings is soaring. Moreover, residential buildings are getting renovated to make them more energy efficient, thereby providing new business avenues for glass manufacturers.  

The liquid crystal or PDLC smart glass technology segment is expected to grow at a substantial rate over the forecast period. The growth can be attributed to the operational feasibility of the technology offering a fast response time and optical translucency. Ultra-fast switching speed, low power consumption, and low haze are other benefits promoting manufacturers and product developers to increase the usage of liquid crystal glass in windows and partition walls. High stability for heat, UV, and moisture, low driving voltage, and long lifetime are the other factors driving the demand for PDLC smart glass.

Power generation is a key emerging application of smart glass technology. Researchers from Shanghai University have discovered the ideal material for smart windows that can convert sunlight into electricity. Smart windows designed to generate electricity could reduce the buildings' air-conditioning demand, making a sizeable environmental impact. Thus, architects and urban planners are increasingly focusing on the adoption of smart glass technology in new buildings.

The global market is highly competitive, with each manufacturer striving to provide superior products by differentiating them either on the basis of quality or service. Since smart glass is significantly costlier compared to its legacy counterpart, it is vital to ensure a good value proposition to gain market share. Smart glass manufacturers are focusing on integrating voice-activated controls in their products for window tinting. SAGE Electrochromics, Inc., a subsidiary of Saint-Gobain S.A., and Kinestral Technologies, Inc. are providing Amazon echo voice-activated technology for smart glass.

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Smart Glass Market Report Highlights

• The increasing number of stringent regulations, such as the green building initiative by the European Union and the Building Energy Conservation Act, is expected to drive the market over the forecast period
• The SPD technology segment is expected to register a significant growth rate during the forecast period. This can be attributed to its high functionality and pan-industry applications
• The recent trend of having large sunroofs and panoramic roof panels in luxury cars is expected to intensify the demand for smart glass in transportation applications
• Asia Pacific is an untapped market, which provides ample opportunity for smart glass manufacturers. The regional market is anticipated to register the highest CAGR of 9.0% during the forecast period

Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market based on technology, application, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Electrochromic
• Polymer Dispersed Liquid Crystal (PDLC)
• Suspended Particle Devices (SPD)
• Thermochromics
• Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2017 - 2028)

• Architectural
• Transportation
  • Automotive
  • Aircraft
  • Marine
• Consumer Electronics
• Power Generation

Smart Glass 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

List of Key Players of Smart Glass Market

• AGC Inc.
• ChromoGenics
• Corning Incorporated
• Gauzy Ltd.
• Gentex Corporation
• Guardian Industries
• Kinestral Technologies, Inc.
• Nippon Sheet Glass Co., Ltd.
• PPG Industries, Inc.
• RavenWindow
• Research Frontiers Inc.
• Saint-Gobain S.A.
• Showa Denko Materials Co., Ltd.
• Smartglass International Limited
• VELUX Group
• View, Inc.
• Vision Systems

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.

Medical Tapes And Bandages Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Medical Tapes And Bandages Market Growth & Trends

The global medical tapes and bandages market size is expected to reach USD 14.44 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The increasing number of accidents, the impact of COVID-19, and technological advancements are the key factors driving the market.    

Ambulatory surgery centers (ASCs) offer a variety of services, such as surgical care, diagnostics, and preventive procedures. Surgeries for pain management, urology, orthopedics, restorative, reconstructive, or alterative plastic surgeries and gastrointestinal (GI)-related surgeries are also performed in ambulatory surgery centers. Earlier, ASCs were only capable of performing GI-related minor surgeries, however, with an increase in the number of minimally invasive surgical procedures, services offered by ambulatory surgical centers expanded and grew exponentially. According to the U.S. Department of Health and Human Services (HHS) data records of 2016, there were 17.2 million hospital visits. These included invasive, therapeutic surgeries, and ambulatory surgeries. Around 9.94 million (57.8%) of these surgeries occurred in hospital-owned ambulatory surgery settings and the remaining 7.26 million surgeries (42.2%) were conducted in hospitals.

ASCs are increasing in number and they offer cost-effective services. In addition, favorable reimbursement coverages are being provided with regard to services provided by ASCs. The chances of contracting post-surgical, hospital-related infections are also reduced. ASCs provide specific instructions to patients regarding dressing and post-surgical homecare. Thus, with an increase in the number of ASCs and the number of surgeries being performed, demand for medical tapes and bandages is expected to increase.

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Medical Tapes And Bandages Market Report Highlights

• Based on product, the medical bandages segment held the largest share in 2020. The rising number of road accidents across the globe is the major factor propelling the segment growth
• On the basis of application, the surgical wound segment held the largest market share in 2020 and is expected to witness considerable growth over the forecast period due to the increasing number of surgeries
• By end use, the hospitals segment held the largest market share in 2020 owing to the increasing number of hospitals
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to the rising prevalence of chronic wounds

Medical Tapes And Bandages Market Segmentation

Grand View Research has segmented the global medical tapes and bandages market on the basis of product, application, end use, and region:

Medical Tapes & Bandages Product Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Tapes
  • Fabric Tapes
    • Acetate
    • Viscose
    • Cotton
    • Silk
    • Polyester
    • Other Fabric Tapes
  • Paper Tapes
  • Plastic Tapes
    • Polypropylene
    • Other Plastic Tapes
  • Other Tapes
• Medical Bandages
  • Muslin Bandage Rolls
  • Elastic Bandage Rolls
  • Triangular Bandages
  • Orthopedic Bandages
  • Elastic Plaster Bandages
  • Other Bandages

Medical Tapes & Bandages Application Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical Wound
• Traumatic Wound
• Ulcer
• Sports injury
• Burn injury
• Other injuries

Medical Tapes & Bandages End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ambulatory surgery centers
• Clinics
• Retail
• Others

Medical Tapes & Bandages 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 Medical Tapes & Bandages Market

• Smith & Nephew PLC
• Mölnlycke Health Care AB
• Ethicon Inc. (JOHNSON & JOHNSON)
• Medtronic
• 3M
• Beiersdorf AG
• Urgo Medical
• Dynarex Corporation
• Winner Medical Group, Inc.
• McKesson Corporation
• Cardinal Health
• 3L Medicinal Products Group
• Braun Melsungen AG
• Paul Hartmann AG

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.

Sports Technology Market to Witness Exponential Growth by 2028

 Sports Technology Market Growth & Trends

The global sports technology market size is expected to reach USD 36.20 billion by 2028, registering a CAGR of 16.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growth is attributed to the technological advancements that have improved the accuracy, engagement, and experience of both athletes and spectators. The technology is empowering a data-driven sports culture and providing a next-generation viewing experience.

The growing popularity of sports has triggered the need for improving operational efficiency and enhancing security in stadiums. Connected stadium technology can help in realizing a smart stadium leveraging crowd management solutions and advanced parking services, subsequently delivering a next-generation experience. A smart stadium can also provide wireless connectivity across the stadium for spectators, guests, vendors, and contractors.

Advanced technology has become more resilient and less burdensome, paving the way for new opportunities in athletics. Wearable technology is revolutionizing training by providing players’ real-time performance metrics, such as speed, distance covered, heart rate, and hydration level. Coaches and trainers can efficiently use this intricate data to design more effective training sessions and game tactics. For instance, a GPS player-tracking system can be used in soccer to record substantial data, such as distance, speed, pulse rate, acceleration rate, and impact from tackles, in real-time and can be used to prepare team strategies, assign players' positions in the game, and make substitutions.

Innovative systems based on the latest technologies are being used in most professional sporting events to help referees in making the right call. For instance, basketball referee uses instant replay, the third umpire in cricket has full access to the TV replays for certain situations, such as catch, run out, and boundaries, Video Assistance Referee (VAR) in soccer for decision review, and hawk-eye technology in tennis for ball tracking. Several leading sporting leagues have also started adopting these technologies in various forms.

North America is expected to exhibit strong growth over the forecast period. The U.S. is home to several leagues, such as National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL), and Major League Baseball (MLB). Leading players, such as Cisco Systems, Inc., IBM Corp., and SAP SE, also have a strong presence in North America. At the same time, many industry participants in the U.S. are actively reshaping their revenue-generation models, particularly to offset the setback they received from the Covid-19 pandemic, which is expected to contribute to the growth of the regional market.

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Sports Technology Market Report Highlights

• The analytics & statistics segment is expected to grow at a substantial CAGR over the forecast period due to the rising demand for on-field analytics and data-driven decision-making
• The Esports segment is expected to register the highest CAGR over the forecast period. Esports has gained traction, especially during the lockdowns implemented in various nations to control the spread of the coronavirus
• Increasing Esports penetration, a growing number of live streaming of games, and heavy investments are expected to propel the segment growth
• Asia Pacific is estimated to be the fastest-growing regional market at a CAGR of over 18% during the forecast period owing to the rising adoption of internet of things (IoT), smart devices, and social media analytics in different sports

Sports Technology Market Segmentation

Grand View Research has segmented the global sports technology market on the basis of technology, sports, and region:

Sports Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Devices
  • Wearables
  • Digital Signage
  • Camera
• Smart Stadium
  • Software
    • Stadium & Public Security
    • Building Automation
    • Event Management
    • Others
  • Services
• Analytics & Statistics
• Esports
  • Tickets & Merchandise
  • Sponsorship & Advertisement
  • Others

Sports Technology Sports Outlook (Revenue, USD Million, 2017 - 2028)

• American Football/Rugby
• Baseball
• Basketball
• Cricket
• Golf
• Ice Hockey
• Tennis
• Soccer
• Others

Sports Technology Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of the Asia Pacific
• South America
  • Brazil
  • Argentina
• Middle East and Africa (MEA)

List of Key Players in the Sports Technology Market

• Apple, Inc.
• ChyronHego Corp.
• Cisco Systems, Inc.
• HCL Technologies Ltd.
• IBM Corp.
• Infosys Ltd.
• Modern Times Group MTG
• Oracle
• Panasonic Corp.
• SAP SE
• Sony Corp.
• Stats LLC
• Telefonaktiebolaget LM Ericsson

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.

Drug Discovery Informatics Market Predicted to Witness Steady Growth During the Forecast Period

 Drug Discovery Informatics Market Growth & Trends

The global drug discovery informatics market size is expected to reach USD 5.63 billion by 2028 registering a CAGR of 11.3% over the forecast period, according to a new report by Grand View Research, Inc. Use of drug discovery software for gaining market intelligence owing to several advantages, such as rapid drug design & synthesis, efficient tracking of disease evolution, and data integrity management, has increased significantly among the researchers in the recent years, driving the industry growth.

The growing demand for novel molecules is driving the adoption of informatics solutions targeted towards speeding up the entire drug discovery process by identifying rational drug molecules via the target macromolecule interaction. Companies operating in the market are receiving funding for expanding their drug discovery platforms, further supplementing the market growth. For instance, in September 2020, Ardigen signed an agreement with the National Centre for Research and Development to access its funding for developing novel technology.

This technology was aimed at revolutionizing the development of T-cell receptors-based therapies for immuno-oncology. Ardigen has previously developed a neoantigen prediction platform namely, ArdImmune Vax, which deploys ready-to-use Artificial Intelligence (AI) and bioinformatics solutions for the identification of optimal sets of neoantigens as targets for adoptive cell therapies and cancer vaccines. In addition, chemical informatics solutions have gained considerable traction in the past year, particularly in addressing the needs associated with the recent Covid-19 pandemic.

For instance, a research study performed in January 2021 showcased the application of chemical digital solutions in accelerating the search of SARS-CoV-2 Mpro inhibitors by data analysis of previous activity data of SARS-CoV main protease (Mpro) inhibitors. In addition, the QSAR models helped in the data mining of molecules for rapid Covid-19 drug discovery. Hence, the need to facilitate drug development for Covid-19 is expected to propel the industry expansion over the coming years.

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Drug Discovery Informatics Market Report Highlights

• The discovery workflow segment accounted for the largest share of 59.19% in 2020 owing to the increased focus of pharmaceutical companies on the development of novel drug candidates
• The development workflow segment is expected to register the fastest CAGR from 2021 to 2028 owing to a rise in the number of drug candidates in the clinical development phase
• The outsourced mode segment led the market in 2020; however, the in-house mode segment will generate the maximum revenue by 2028 growing at the fastest CAGR over the forecast period owing to high demand for such platforms & services across Asia Pacific countries
• Led by the U.S., North America led the global market in 2020 due to the presence of key market players and established R&D infrastructure in the country
• Key industry participants focus on strategic acquisitions to sustain the market competition
• For instance, in January 2021, Selvita acquired Fidelta to enhance its integrated drug discovery service offerings and expand business in the Europe market

Drug Discovery Informatics Market Segmentation

Grand View Research has segmented the global drug discovery informatics market on the basis of workflow, mode, services, and region:

Drug Discovery Informatics Workflow Outlook (Revenue, USD Million, 2017 - 2028)

• Discovery Informatics
  • Identification, Validation, & Assay Development Informatics
  • Lead Generation
• Development Informatics
  • Lead Optimization
  • FHD Preparation
  • Phase IA
  • Phase IB/2

Drug Discovery Informatics Mode Outlook (Revenue, USD Million, 2017 - 2028)

• Outsourced
• In-house

Drug Discovery Informatics Services Outlook (Revenue, USD Million, 2017 - 2028)

• Sequence Analysis Platforms
• Molecular Modeling
• Docking
• Clinical Trial Data Management
• Others Services

Drug Discovery Informatics Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Drug Discovery Informatics Market

• Certara
• Boehringer Ingelheim International GmbH
• Infosys Ltd.
• Charles River Laboratories
• Eurofins DiscoverX Products
• Jubilant Biosys
• Selvita
• Novo Informatics Pvt. Ltd.
• ChemAxon Ltd.
• Albany Molecular Research Inc.
• Oracle
• Accenture
• Agilent Technologies, Inc.
• Illumina, 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.

Pea Protein Market to Rear Excessive Growth CAGR of 14.7% from 2021 to 2028: Grand View Research Inc.

 

Pea Protein Market Growth & Trends

The global pea protein market size is projected to reach USD 641.1 million by 2028 registering a CAGR of 14.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by rising health consciousness among consumers coupled with increasing product demand from the nutraceutical industry.

The nutraceutical supplements industry is evolving and has a dynamic space that offers lucrative opportunities to merge rising consumer interest and scientific discovery to enhance human health. As this industry tracks consumer trends, nutraceutical products directly respond to consumer buying behavior/habits, thereby encouraging prominent companies in the industry to market their products to their target audiences in an effective manner. Such factors have driven the product demand across the globe.

The increasing consumption of healthy foods backed by changing consumer preferences has been contributing to the growth of the market. Moreover, the product usage in meat substitutes provides the required nutrition; thus, many faux seafood, chicken, and beef producers are increasingly adding legume-based protein ingredients in their formulations.

The market is expected to register significant growth over the forecast period owing to the increasing popularity of gluten-free products. A substantial number of consumers, most notably in regions, such as North America and Europe, prefer gluten-free products to reduce the symptoms of gluten-intolerance and celiac disease. From a manufacturing standpoint, the removal of gluten also helps achieve optimal volume, production cost, and texture from food products.

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Pea Protein Market Report Highlights

• In terms of revenue, the isolates segment led the market in 2020 and is projected to ascend at a CAGR of 14.2% from 2021 to 2028 on account of rising concerns over gluten-related disorders
• Moreover, increasing expenditure on research pertaining to human health is expected to promote the importance of gluten-free pea protein isolates in the food & beverage industry
• Rising concerns regarding cattle and poultry disorders are expected to play a crucial role in reducing the application of animal protein, which, in turn, will fuel the product demand
• The dietary supplementsegment is projected to account for the maximum revenue share by 2028 on account of rising health concerns and increasing awareness about nutraceuticals
• North America is expected to witness significant growth over the forecast period owing to the increasing product demand from the food & beverage industry

Pea Protein Market Segmentation

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

Pea Protein Product Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Isolates
• Concentrates
• Textured
• Hydrolysate

Pea Protein Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Meat Substitutes
• Bakery Goods
• Dietary Supplements
• Beverage
• Others

Pea Protein Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of Pea Protein Market

• Burcon Nutrascience
• Roquette Freres
• The Scoular Company
• DuPont
• Cosucra Groupe Warcoing SA
• Nutri-Pea Ltd.
• Shandong Jianyuan Group
• Sotexpro SA
• Ingredion, Inc.
• Axiom Foods, Inc.
• Fenchem, Inc.
• Martin & Pleasance
• The Green Labs 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.

Contactless Payments Market Growth in the Coming Years

 

Contactless Payment Market Growth & Trends

The global contactless payment market size is expected to reach USD 6.25 trillion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 20.3% from 2021 to 2028. Various benefits, such as improved service delivery and reduction in transaction time offered by contactless payments, are expected to propel the market growth over the forecast period.

Customers can immediately complete transactions with the tap of a card. Increasing integration of contactless payment technologies in smartphones and mobile handsets is expected to fuel the market growth. Numerous customers across the globe are purchasing services or products with the use of devices, such as wearables, key fobs, smart cards, and smartphones, among others. This, as a result, is anticipated to drive market growth over the forecast period.

Contactless payment uses Near Field Communication (NFC) and Radio-frequency Identification (RFID) technologies to facilitate easy money transactions. Various benefits, such as real-time transaction processing and secured transactions, are driving the adoption of contactless payment solutions. An increase in the adoption of technology by wholesalers or merchants for small value transactions is further expected to propel the market growth.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. The COVID-19 outbreak is anticipated to change the payment behavior by users and firms as the World Health Organization (WHO) has been guiding customers to avoid cash handling and shift to contactless payments. This is expected to create growth opportunities for the market over the forecast period.

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Contactless Payment Market Report Highlights

• Increasing demand for secure and reliable payment transactions across the globe is expected to propel the smart cards segment growth over the forecast period
• Numerous banks across the globe are focusing on integrating machine learning(ML), and artificial intelligence (AI) integrated security and fraud management solution to secure their payment transactions.
• The COVID-19 pandemic has inspired retailers across the globe to turn to technology to help their businesses increase productivity, plan better, and serve their customers efficiently. This, as a result, is expected to create growth opportunities for contactless payment solutions in the retail industry
• The presence of a large number of prominent market players in North America is expected to create growth opportunities for the regional market growth over the forecast period

Contactless Payment Market Segmentation

Grand View Research has segmented the global contactless payment market based on device, solution, application, and region:

Contactless Payment Device Outlook (Transaction value, USD Billion, 2016 - 2028)

• Smartphones and Wearables
• Point-of-Sales Terminals
• Smart Cards

Contactless Payment Solution Outlook (Transaction value, USD Billion, 2016 - 2028)

• Payment Terminal Solution
• Transaction Management
• Security and Fraud Management
• Hosted Point-of-Sales
• Analytics

Contactless Payment Application Outlook (Transaction value, USD Billion, 2016 - 2028)

• Retail
• Transportation
• Healthcare
• Hospitality
• Government

Contactless Payment Regional Outlook (Transaction value, USD Billion, 2016 - 2028)

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

List of Key Players of Contactless Payment Market

• Gemalto N.V.
• Visa Inc.
• Giesecke & Devrient GmbH
• Heartland Payment Systems
• Verifone Systems Inc.
• Ingenico Group SA
• On Track Innovations (OTI) Ltd
• IDEMIA
• Thales Group
• Wirecard AG

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.

Traditional Wound Management Market to Penetrate Untapped Regions During 2021 to 2028

 

Traditional Wound Management Market Growth & Trends

The global traditional wound management market size is expected to reach USD 7.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.7% from 2021 to 2028. The rising incidence of chronic diseases, increasing number of accidents, and rising number of ambulatory surgery centers (ASCs) are the key driving factors for the market.

The global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is one of the key driving factors for market growth. Factors such as the adoption of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are majorly contributing to the rise in the prevalence of non-communicable diseases. Cancer has been a global healthcare burden as it is one of the leading causes of death. Most surgical wounds post-cancer surgery are relatively large in size and deep, producing exudate that requires regular care.

The wound care products such as bandages, medical tapes, and gauze help to manage large wounds, significantly reducing the risk of further infection. According to the estimates from the WHO, in 2018, one in five men and one in six women globally develop cancer during their lifetime. Moreover, as per reports published by WHO, 18.1 million new cancer cases have been reported in 2018, globally. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries. Furthermore, the rising prevalence of chronic conditions and the number of surgeries being performed have also increased globally. Therefore, such factors are anticipated to positively impact market growth over the forecast period.

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Traditional Wound Management Market Report Highlights

• In terms of revenue, the acute wounds segment held the largest revenue share in 2020 owing to the rising cases of accidents and trauma globally
• The gauze segment held the largest share in 2020 owing to its wide range of applicability in various types of injuries and availability of numerous products
• The hospital segment dominated the market and held the largest revenue share in 2020 due to the rising cases of burns and surgeries
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising number of diabetic patients in this region

Traditional Wound Management Market Segmentation

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

Traditional Wound Management Product Outlook (Revenue, USD Million, 2016 - 2028)

• Gauze
• Tape
• Bandage
• Cotton

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

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

Traditional Wound Management End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Home Healthcare
• Others

Traditional Wound Management 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 Traditional Wound Management Market

• Braun Melsungen AG
• Johnson & Johnson Pvt. Ltd.
• Medtronic PLC
• Smith & Nephew
• PAUL HARTMANN AG
• Cardinal Health
• Mölnlycke Health Care AB
• Derma Sciences Inc.
• Medline Industries, Inc.
• BSN Medical

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.

Downstream Processing Market Expected to Witness a Sustainable Growth over 2028

 Downstream Processing Market Growth & Trends

The global downstream processing market size is expected to reach USD 69.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.9% from 2021 to 2028. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high potency products. This creates new avenues for single-use technologies.

As adoption of small-scale, single-use systems for process development and downstream processing is already high, evolutionary changes are expected in the area of single-use technologies for manufacturing small-volume, highly potent drugs. The development of novel film chemistries, closed systems, automation in clinical-scale single-use systems, and smart sensors are some noteworthy advancements in the field.

A rise in applications of downstream processing for the manufacture of biopharmaceuticals is expected to bring growth opportunities to the market. This has also led to an increase in strategic deals and development in the market. For instance, in February 2021, Evozyne, LLC collaborated with a leading rare disorders drug manufacturer for the manufacture and marketing of novel biopharmaceuticals for immune modulation.

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Downstream Processing Market Report Highlights

• Chromatography systems accounted for the largest revenue share of products owing to the high adoption of chromatography for biopharmaceutical purification
• The advent of single-use chromatography systems that bring an 80.0% reduction of the use of water and chemicals for buffer has further increased the adoption of chromatography for downstream processing of bio-therapeutics
• Filters are anticipated to grow at a lucrative rate. Efforts taken by key players to develop intelligent membranes for purification and separation fuels this growth 
• Purification by chromatography accounted for the largest share of the global market, as it can be employed across all steps of a downstream process. The technique is also crucial in bioprocessing to obtain pure biologics  
• Solid-liquid separation is anticipated to grow at the fastest rate owing to the use of filtration and chromatography techniques for efficient separation 
• Antibiotic production dominated the revenue generation in 2020 owing to the wide use of antibiotics for the treatment of a variety of clinical disorders including infectious diseases and cancer
• A rise in occurrences of antibiotic resistance also propels the industrial-scale development of novel antibiotic candidates
• North America dominated the regional segment in 2020 owing to the local presence of large in-house biopharmaceutical manufacturing facilities
• Asia Pacific registered the fastest growth rate owing to rise in contract development services in emerging Asian economies
• Key players are investing in the bioprocessing of vaccines and therapies for COVID-19 to increase their market share
• In October 2020, Thermo Fisher Scientific announced a USD 700 million investment in CAPEX to cater to COVID-related demand in the biopharma market

Downstream Processing Market Segmentation

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

Downstream Processing Product Outlook (Revenue, USD Million, 2017 - 2028)

• Chromatography Systems
• Filters
• Evaporators
• Centrifuges
• Dryers
• Others

Downstream Processing Technique Outlook (Revenue, USD Million, 2017 - 2028)

• Cell Disruption
• Solid-liquid separation
  • Filtration
  • Centrifugation
• Concentration
  • Evaporation
  • Membrane filtration
• Purification by Chromatography
• Formulation

Downstream Processing Application Outlook (Revenue, USD Million, 2017 - 2028)

• Antibiotic Production
• Hormone Production
• Antibodies Production
• Enzyme Production
• Vaccine Production

Downstream Processing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Downstream Processing Market

• GE Healthcare
• Merck KGaA
• Sartorius Stedim Biotech S.A.
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Repligen
• 3M Company
• Eppendorf AG
• Boehringer Ingelheim International GmbH
• Corning Corporation
• Lonza Group Ltd
• Dover Corporation
• Ferner PLC
• Ashai Kasei

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.

Vital Signs Monitoring Devices Market Revenue Sales to Reach $15.6 Billion by 2028

 Vital Signs Monitoring Devices Market Growth & Trends

The global vital signs monitoring devices market size is expected to reach USD 15.6 billion by 2028, according to the new report of Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% over the forecast period. The growing prevalence of lifestyle-associated chronic conditions and rising demand for advanced monitoring devices in developing countries, such as China, India, Thailand, and Brazil, are some of the major factors driving the market. The availability of monitoring systems at competitive prices and increasing disposable income are expected to fuel the market growth during the forecast period.

The introduction of advanced, integrated vital signs monitoring solutions and the growing trend of the usage of these devices in home healthcare settings as well as all-time wearable devices for chronic patients are some of the factors expected to drive the market during the forecast period.

Blood pressure monitors emerged as the largest product segment in the market in 2020 due to the increasing incidence of hypertension and rising demand for blood pressure monitors designed for personal use. The hospitals' end-use segment dominated the market in 2020 due to the factors such as a large patient pool, financing capability, and requirement of vital signs monitors in bulk.

The demand for vital signs monitoring devices escalated due to the outbreak of COVID as a daily measurement of the vital sign can serve as an early detection system for the infection. These devices can also provide facility-based surveillance for healthcare-associated infections, including infections in healthcare workers and patients, which is one of the vital components of COVID-19 infection prevention and control measures. The use of vital signs monitoring for in-home settings also saw a surge w.r.t maintaining patient and provider safety while also allowing real-time access to vital signs via Cloud Portals.

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Vital Signs Monitoring Devices Market Report Highlights

• By product, blood pressure monitors held the largest market share in 2020 and are expected to exhibit a lucrative CAGR from 2021 to 2028
• Based on end-use, the hospitals' segment dominated the market in 2020. The segment is expected to maintain its lead throughout the forecast period owing to the high preference for advanced devices
• North America dominated the market in 2020 owing to the availability of major market players and high adoption of advanced technology
• Various manufactures are focusing on new product launches, technological innovations, collaborations, and regional expansion as major strategic initiatives

Vital Signs Monitoring Devices Market Segmentation

Grand View Research has segmented the global vital signs monitoring devices market on the basis of product, end-use, and region:

Vital Signs Monitoring Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Blood Pressure Monitors
  • Mercury Blood Pressure Monitors
  • Aneroid Blood Pressure Monitors
  • Digital Blood Pressure Monitors
  • Ambulatory Blood Pressure Monitors
  • Blood Pressure Instrument Accessories
• Pulse Oximeters
  • Table-Top/Bedside Pulse Oximeters
  • Fingertip Pulse Oximeters
  • Hand-Held Pulse Oximeters
  • Wrist-Worn Pulse Oximeters
  • Pediatric Pulse Oximeters
  • Pulse Oximeter Accessories
• Temperature Monitoring Devices
  • Mercury Filled Thermometers
  • Digital Thermometers
  • Infrared Thermometers
  • Liquid Crystal Thermometer
  • Temperature Monitoring Device Accessories
• Other Vital Sign Monitors

Vital Signs Monitoring Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Physician’s Office
• Home Healthcare
• Ambulatory Centers
• Emergency Care Centers
• Other Healthcare Settings

Vital Signs Monitoring Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Vital Signs Monitoring Devices Market

• Koninklijke Philips N.V.
• Medtronic
• Nihon Kohden Corporation
• GE Healthcare
• Masimo
• Omron Healthcare
• Contec Medical Systems Co. Ltd.
• A&D Company Ltd.
• Nonin Medical Inc.
• SunTech 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.

Precast Concrete Market to Witness Tremendous Growth and Expansion by 2028

 Precast Concrete Market Growth & Trends

The global precast concrete market size is expected to reach USD 139.33 billion by 2028 registering a CAGR of 5.3%, according to a new report by Grand View Research Inc. Growing product utilization in the residential construction industry to reduce the overall cost of construction is expected to drive the market growth over the forecast period. China, India, Indonesia, and Vietnam are some of the major Asian economies that are witnessing an infrastructure boom. Thus, growing investments in the construction of underground and over the ground metro rail projects, bridges, tunnels, subways, and high-speed rail networks are anticipated to provide a major boost to the global market.

The product use helps the construction companies to achieve economies of scale, reduce overall labor requirements, and ensure the quality of the finished concrete modules. In addition, it also helps in speeding up the overall process and helps achieve significant savings, in terms of the overall time and cost required to complete the project. Key players in the market have undertaken several strategies, such as joint venture agreements with the local construction companies, to access the local markets. For instance, companies, such as Gulermak A.S. and Shanghai Tunnel Engineering Company are successfully carrying out metro rail construction projects in India in partnership with local companies.

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Precast Concrete Market Report Highlights

• In China, the structural building components segment is expected to grow at a CAGR 7.3% over the forecast period on account of the growing adoption of precast building structural piles and other foundational structures
• In 2020, the revenue for the residential end-use segment in the North America region stood at USD 10.62 billion owing to wide usage of precast architectural building components, such as walls, staircases, and bathroom pods, in residential construction
• In India, the infrastructure end-use segment is expected to grow at the fastest CAGR of 8.6% over the forecast period
• This growth can be attributed to the growing investments in the construction of various infrastructure projects, such as metro rail, high-speed train network, and bridges
• Technological advancements in concrete admixtures and construction chemicals are having a positive impact on the global market as these products help reduce the required curing time for the concrete and help reduce the overall construction time

Precast Concrete Market Segmentation

Grand View Research has segmented the global precast concrete market on the basis of product, end-use, and region:

Precast Concrete Product Outlook (Revenue, USD Billion, 2017 - 2028)

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

Precast Concrete End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Non-residential
• Infrastructure

Precast Concrete Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Precast Concrete Market

• Boral Ltd.
• Lafarge
• Gulf Precast Concrete Co. LLC
• Olson Precast Company
• CEMEX S.A.B. de C.V.
• Forterra
• Tindall Corporation
• Spancrete
• ELO Beton
• Gulermak A.S.

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.

Returnable Packaging Market to Penetrate Untapped Regions During 2021 to 2028

 Returnable Packaging Market Growth & Trends

The global returnable packaging market size is expected to reach USD 153.35 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. Rapid industrialization, increasing trade activities, and rising demand for robust, long-term, and eco-friendly packaging for the transportation of finished and semi-finished goods in multiple end-use industries are expected to augment the growth of the market.

Returnable packaging consists of sturdy products, such as pallets, crates, IBCs, and drums and barrels, which are intended to use for multiple trips. These products are designed to withstand harsh handling within the supply chain, thus are made up of robust materials, such as polypropylene, high-density polyethylene, metal, and wood, which results in their high cost as compared to single-use packaging. However, returnable packaging is reused multiple times, which eliminates the recurring costs of packaging products and makes them lucrative in the longer term.

Globally, end-use companies or consumer brands are increasingly pledging to switch to reusable or recyclable packaging products owing to sustainability issues and to improve brand equity. Besides, growing favorable government regulations such as European Union’s Circular Economy Action Plan that focuses on sustainable practices are expected to favor the market growth in the coming years.

Flourishing e-commerce across the world is likely to augment market growth as the product distribution through e-commerce consists of extensive logistics, wherein returnable packaging products are used. Moreover, the growing pharmaceutical industry due to the rising elderly population and increasing chronic diseases, along with a surge in the personal care and cosmetic industry on account of the rising preference for natural or plant-based beauty products, is likely to drive the market significantly.

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Returnable Packaging Market Report Highlights

• Based on material, plastic accounted for a share of 63.4% in terms of revenue in 2020 owing to the high adoption of plastic-based pallets, crates, and IBCs by end-use companies due to their durability, lightweight, low cost, and high-impact resistance
• By product, pallets led the market with a share of 57.2% in 2020 and are expected to witness significant growth from 2021 to 2028. This is attributed to the high adoption of pallets for material loading and unloading by multiple end-use industries
• Asia Pacific emerged as the leading regional market and accounted for 36.4% of the total revenue in 2020. The growing manufacturing sector in developing countries, such as China and India, owing to the low cost of production is boosting the growth of the regional market
• The market is moderately fragmented with the presence of a significant number of large and medium-sized companies. Key players are focusing on acquisitions and are incorporating novel tracking devices to efficiently track product movement throughout the supply chain

Returnable Packaging Market Segmentation

Grand View Research has segmented the global returnable packaging market on the basis of material, product, end use, and region:

Returnable Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Metal
• Wood

Returnable Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Pallets
• Crates
• IBCs
• Drums & Barrels
• Dunnage
• Others

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

• Food & Beverages
• Automotive
• Consumer Durables
• Healthcare
• Others

Returnable Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Returnable Packaging Market

• Orbis Corporation
• Nefab Group
• Plastic Packaging Solutions Midlands & East Ltd.
• Tri-Pack Plastics Ltd.
• Amatech Inc.
• CHEP
• Celina Industries
• UBEECO Packaging Solutions
• RPR Inc.
• Schoeller Allibert

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. 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.