Contact Center Software Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Contact Center Software Market Growth & Trends

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

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

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

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

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Contact Center Software Market Report Highlights

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

Contact Center Software Market Segmentation

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

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

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

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

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

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

• Hosted
• On-premise

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

• Large Enterprise
• Small & Medium Enterprise

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

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

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

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

List of Key Players of Contact Center Software Market

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

About Grand View Research

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

Video Streaming Market to Mark a Highest CAGR of 21.0% Through 2028: Grand View Research Inc.

Video Streaming Market Growth & Trends

The global video streaming market size is expected to reach USD 223.98 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 21.0% from 2021 to 2028. Rising technological advancements such as the implementation of block-chain technology in video streaming and the use of artificial intelligence to improve video quality are expected to boost the demand for the market over the forecast period. Furthermore, the growing adoption of cloud-based video streaming solutions for increasing the reach of video content is directly influencing the growth. This trend is observed in numerous parts of the North American and Asia Pacific regions. The reasons attributing to the growth of the market are rapid digitalization, increasing use of mobiles and tablets, and the growing popularity of online video streaming.

The factors such as the rising demand for on-demand video and extensive growth of online video are the key growth drivers for the market. Also, the increasing demand for high-speed internet connectivity acts as an advantage for the market to grow over the forecast period. The growing acceptance of smartphones in combination with an extensive range of high-speed internet technologies such as 3G, 4G, and LTE has substantially led to the increasing use of video streaming. Also, the growing demand for devices that can support digital media is helping consumers to access media content anywhere across the world.

The market can be categorized, based on streaming type, into live video and non-linear video. The streaming of content via the internet and which can be displayed by the viewer in real-time can be defined as live video streaming. Further key findings from the report suggest that a live video segment is expected to portray the highest growth over the forecast period. In contrast, the non-linear video segment is expected to grow over the forecast period majorly due to the increasing demand for streaming of content via the internet and which can be viewed in real-time.

Further, the COVID-19 outbreak requires people to stay indoors and confine themselves at home for a prolonged period. This situation is expected to have a positive impact on video streaming services’ viewership and engagement. Moreover, it has resulted in an increased need for entertainment, thus resulting in higher consumption of video streaming services. The viewership of video streaming services has drastically risen across the globe, several video streaming platforms, including Netflix, Amazon Prime Video, YouTube, Disney+ have registered a spike in the viewership worldwide.

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Video Streaming Market Report Highlights

• The increasing usage of videos in corporate training and the impact of video streaming in the education sector are anticipated to drive the market growth
• The over-the-top (OTT) segment is expected to expand at the highest CAGR over the forecast period
• The Asia Pacific regional market is expected to have significant growth over the forecast period, majorly due to the increasing demand for high-speed internet connectivity and the growing demand for on-demand video streaming
• The key players in the market are Akamai Technologies; Amazon Web Services, Inc.; Apple Inc.; Cisco Systems, Inc.; Google; Kaltura, Inc.; Netflix; International Business Machine Corporation (IBM Cloud Video); Wowza Media Systems, LLC; AT&T Intellectual Property; and Hulu

Video Streaming Market Segmentation

Grand View Research has segmented the global video streaming market based on streaming type, solution, platform, service, revenue model, deployment type, user, and region:

Video Streaming Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Live Video Streaming
• Non-Linear Video Streaming

Video Streaming Solution Outlook (Revenue, USD Billion, 2017 - 2028)

• Internet Protocol TV
• Over-the-Top (OTT)
• Pay-TV

Video Streaming Platform Outlook (Revenue, USD Billion, 2017 - 2028)

• Gaming Consoles
• Laptops & Desktops
• Smartphones & Tablets
• Smart TV

Video Streaming Service Outlook (Revenue, USD Billion, 2017 - 2028)

• Consulting
• Managed Services
• Training & Support

Video Streaming Revenue Model Outlook (Revenue, USD Billion, 2017 - 2028)

• Advertising
• Rental
• Subscription

Video Streaming Deployment Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Cloud
• On-Premises

Video Streaming User Outlook (Revenue, USD Billion, 2017 - 2028)

• Enterprise
  • Corporate Communications
  • Knowledge Sharing & Collaborations
  • Marketing & Client Engagement
  • Training & Development
• Consumer
  • Real-Time Entertainment
  • Web Browsing & Advertising
  • Gaming
  • Social Networking
  • E-Learning

Video Streaming Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Video Streaming Market

• Akamai Technologies
• Amazon Web Services, Inc.
• Apple Inc.
• Cisco Systems, Inc.
• Google LLC
• Kaltura, Inc.
• Netflix, Inc.
• International Business Machine Corporation (IBM Cloud Video)
• Wowza Media Systems, LLC
• Hulu, 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.

End Stage Renal Disease Market Predicted to Witness Steady Growth During the Forecast Period 2021-2028: Grand View Research Inc.

 End Stage Renal Disease Market Growth & Trends

The global end stage renal disease market size is anticipated to reach USD 193.8 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.7% from 2021 to 2028. The increasing number of patients suffering from end stage renal disease (also known as kidney failure) and the rising prevalence of hypertension and diabetes are fueling the market growth.

Chronic kidney disease (CKD) is one of the major causes of increasing kidney failure rates among patients. According to the CDC, it is estimated that more than 37 million people in the U.S. suffer from CKD, whereas globally more than 500 million people (12-18% of the world population) are affected.

The COVID-19 pandemic has impacted the healthcare industry and people suffering from end stage renal disease (ESRD) are at a higher risk of contracting this virus as they have to visit the hospitals often for dialysis. Center-based hemodialysis is the main renal replacement medium in most countries, with almost 90% of the ESRD population opting for it. Hemodialysis patients have to stay in hospitals for 4 hours minimum, 3 times a week, and come in frequent contact with the medical staff and other patients. All these factors increase their risk of infection.

Technological advancements including the innovation of wearable artificial kidney (WAK) in the treatment of renal failure are expediting the overall market growth. WAK is a portable dialysis device designed to enable patients to live healthier as it controls blood pressure, improves clearance of wastes from the blood, and allows ESRD or CKD patients for a less strict diet, resulting in lower fluid weight gain in addition to lowered stress on the heart. Thus, technical advancements in WAK have the potential to reduce mortality in dialysis patients, which thereby improves an ESRD patient’s quality of life. The WAK prototypes designed and patented by innovative firms have been approved for human clinical trials by the U.S. FDA in 2016.

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End Stage Renal Disease Market Report Highlights

• By treatment, the dialysis segment dominated the ESRD market in 2020 owing to its ease of use and emergency convenience
• The transplant treatment segment is expected to expand at the highest CAGR from 2021 to 2028
• Asia Pacific dominated the market in 2020 owing to the large population of patients with CKD/ESRD and greater incidence of hypertension and diabetes in the region

End Stage Renal Disease Market Segmentation

Grand View Research has segmented the global end stage renal disease market on the basis of treatment and region:

End-Stage Renal Disease Treatment Outlook (Revenue, USD Million, 2016 - 2028)

• Transplant
• Dialysis
  • Peritoneal Dialysis
  • Hemodialysis
  • Wearable Artificial Kidney

End-Stage Renal Disease Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of End Stage Renal Disease Market

• Nipro Corporation
• Fresenius Medical Care AG & Co. KGaA
• Baxter International, Inc.
• Medtronic Plc
• Braun Melsungen AG
• BD
• Asahi Kasei Medical Co., Ltd.
• Cantel Medical
• Nikkiso Co., Ltd.
• JMS Co. Ltd.

About Grand View Research

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

Intragastric Balloon Market to Surpass $100.2 Million by 2028

 

Intragastric Balloons Market Growth & Trends

The global intragastric balloons market size is expected to reach USD 100.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2021 to 2028. The rise in obesity and increasing demand for minimally invasive procedures are anticipated to be key market drivers.

Intragastric balloons are one of the most widely adopted endoscopic bariatric therapy devices in clinical settings. This can be attributed to complications associated with surgical weight loss treatments and the low eligibility criteria for surgical options leading to a rise in demand for effective minimally invasive weight-loss treatment options.

The safety concerns associated with the inflatable medical device are anticipated to make the pre-market and post-market scrutiny process of these devices by the regulatory authorities more stringent. For instance, in 2019, Apollo Endosurgery Inc., revised the labeling of its Orbera Intragastric Balloon System to include contradiction clarifications, precautions related to anticholinergic and psychotropic medications, and updated U.S. adverse event tables after it received an FDA safety letter.

Nonetheless, the extensive research activities related development of innovative and novel systems and up-gradation of existing intragastric balloons to overcome the shortcomings of the traditional inflatable medical devices are anticipated to facilitate market growth.

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Intragastric Balloons Market Report Highlights

• According to The American Society for Metabolic and Bariatric Surgery (ASMBS) data, nearly 5,000 intragastric balloon implantations have been conducted since their U.S. FDA approval
• The single segment held the largest revenue share of the market in 2020 while the triple segment is expected to grow at a fast pace
• The gas-filled segment is anticipated to witness lucrative growth over the forecast period
• The hospital segment held significant revenue share in 2020 while the ambulatory surgical centers segment is expected to grow at a rapid pace
• The endoscopy segment dominated the market in 2020 and the pill form segment is expected to witness lucrative growth over the forecast period
• North America dominated the market in 2020 due to the presence of a large obese population and high adoption of bariatric procedures. In Asia Pacific, the market is expected to witness remunerative growth over the forecast period
• As of January 2019, Apollo Endosurgery has discontinued the sales and distribution of its ReShape Balloon

Intragastric Balloons Market Segmentation

Grand View Research has segmented the intragastric balloons market on the basis of administration, balloon type, filling material, end use, and region:

Intragastric Balloons Administration Outlook (Revenue, USD Million, 2016 - 2028)

• Pill Form
• Endoscopy

Intragastric Balloons Type Outlook (Revenue, USD Million, 2016 - 2028)

• Single
• Dual
• Triple

Intragastric Balloons Filling Material Outlook (Revenue, USD Million, 2016 - 2028)

• Saline Filled
• Gas Filled

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

• Hospitals
• Clinics
• Ambulatory surgical centers

Intragastric Balloons Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • The Netherlands
  • Belgium
  • Switzerland
  • Turkey
  • Poland
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt

List of Key Players of Intragastric Balloons Market

• Apollo Endosurgery, Inc.
• Obalon Therapeutics, Inc.
• Allurion Technologies, Inc.
• Spatz3
• Helioscopie
• Endalis
• MEDSIL
• ReShape Medical, Inc.
• Lexel 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.

Impact of Existing and Emerging Intracranial Aneurysm Market Trends And Forecast 2028: Grand View Research Inc.

 Intracranial Aneurysm Market Growth & Trends

The global intracranial aneurysm market size is expected to reach USD 2.10 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. The increasing incidence rate of brain aneurysms worldwide and the growing number of patients suffering from hypertension are driving the market.

A brain aneurysm (also acknowledged as a cerebral aneurysm) is a bulge or ballooning in the blood vessel inside the brain, which usually appears in the lower area of the brain. This may leak or rupture and cause bleeding into the space around the brain leading to brain hemorrhage, stroke, or death. Currently, the cause of brain aneurysms is not clearly understood. However, several factors associated withthis disease include brain injury, aging, atherosclerosis infection, hereditary, sedentary lifestyle, and hypertension. Few prominent symptoms include cranial nerve palsy, localized headache, and double vision. Thus, the increasing number of patients suffering from an intracranial aneurysm is significantly fueling market growth.

In addition, technological advancements in the treatment of intracranial aneurysms are expediting the overall market growth. Treatment of this cerebrovascular disorder has improved due to innovative devices, such as balloons, microcatheters, microwires, and stents. Therefore, complications related to treatment have been reduced with the help of these technological advancements.

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Intracranial Aneurysm Market Report Highlights

• Based on type, the endovascular coiling segment dominated the market in 2020 with a share of 85.25% due to increasing application in minimally invasive neurosurgeries and its easy access to multiple aneurysms in the distant area
• On the basis of end use, the hospitals segment dominated the market in 2020 with a share of 88.95%. Intracranial aneurysm procedures are amongst the most complicated surgeries that are dependent on high quality and durable equipment available in hospitals
• North America dominated the market with a revenue share of 27.17% in 2020owing to the growing aging population and high incidence of hypertension and stroke in the region
• Manufacturers are focusing on the introduction of innovative medical devices, growth strategies, and technological advancements. For instance, in April 2019, Stryker launched a flow diverter for the treatment of brain aneurysm

Intracranial Aneurysm Market Segmentation

Grand View Research has segmented the global intracranial aneurysm market on the basis of type, end use, and region:

 Intracranial Aneurysm Type Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical Clipping
• Endovascular Coiling
• Flow Diverters
• Others

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

• Hospitals
• Clinics
• Others

Intracranial Aneurysm Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Intracranial Aneurysm Market

• Medtronic
• Microport Scientific Corporation
• Braun
• Stryker
• Johnson and Johnson Services Inc.
• MicroVention Inc. (Terumo Corporation)
• Codman Neuro (Integra Lifesciences)

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.

Dental Bone Graft And Substitutes Market to Witness Soaring Growth During 2021 – 2028

 Dental Bone Graft And Substitutes Market Growth & Trends

The global dental bone graft and substitutes market size is expected to reach USD 1.3 billion by 2028 registering a CAGR of 11.4%, according to a new report by Grand View Research, Inc. The increasing number of dental implant surgeries, the growing target population, and new product launches are the major growth propelling factors for the market. According to the Population Reference Bureau 2018 statistics, by 2050, from 13 countries to around 82 countries across the world are anticipated to have more than 20% of the geriatric population. Thus, perpetual growth in the population aged 60 years and above is anticipated to result in an increased prevalence of periodontal diseases.

Moreover, the rising adoption of synthetic bone grafts over autografts and allografts due to advantages, such as lesser chances of disease transmission, is further propelling the market growth. The growing medical tourism sector in developing countries is another factor driving the market. Countries, such as South Korea, India, and Turkey, are constantly gaining popularity in dental tourism due to cheaper costs and advanced treatment options. In addition, the rising number of periodontists and oral surgeons is boosting the market growth.

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Dental Bone Graft And Substitutes Market Report Highlights

• The synthetic material type is expected to be the fastest-growing segment over the forecast period owing to its better acceptance and reduced risk of disease transmission
• Socket preservation application segment held the largest market in 2020 owing to the increasing number of dental implant surgeries and growing concerns regarding dental health
• The dental clinic end-use segment is expected to account for the maximum revenue share of the global market by 2028 due to the availability of surgeons and advanced treatment options offered in dental clinics
• Asia Pacific is expected to emerge as the fastest-growing regional market from 2021 to 2028 owing to the rapidly expanding medical tourism sector and growing disposable income
• Europe held the largest share in 2020 due to the increased number of dental implant surgeries in this region; however, North America is estimated to lead the market, in terms of revenue share, during the forecast period

Dental Bone Graft And Substitutes Market Segmentation

Grand View Research has segmented the global dental bone graft and substitutes market on the basis of material type, application, end-use, and region:

Dental Bone Graft And Substitutes Material Type Outlook (Revenue, USD Million, 2016 - 2028)

• Allograft
  • Demineralized Bone Matrix
  • Others
• Autograft
• Xenograft
• Synthetic

Dental Bone Graft And Substitutes Application Outlook (Revenue, USD Million, 2016 - 2028)

• Ridge Augmentation
• Sinus Lift
• Periodontal Defect Regeneration
• Implant Bone Regeneration
• Socket Preservation

Dental Bone Graft And Substitutes End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Dental Clinics

Dental Bone Graft And Substitutes Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Dental Bone Graft And Substitutes Market

• Institut Straumann AG
• Dentsply Sirona
• Medtronic PLC
• Zimmer Biomet
• RTI Surgical, Inc.
• Geistlich Pharma AG
• BioHorizons
• Orthogen
• Dentium Co., Ltd.
• LifeNet 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.

Product Design & Development Services Market Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Product Design And Development Services Market Growth & Trends

The global product design and development services market size is expected to reach USD 18.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2021 to 2028. Low product cost, short time-to-market, and demand for advanced technologies are some of the factors boosting the growth. Medical and life sciences companies face extreme cost pressures to develop new and innovative products in shorter time frames while complying with stringent regulatory requirements of medical device.

The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as designing and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to develop the product model. This approach enhances both product quality and profitability by decreasing errors in development and designing thereby increasing success rates.

Outsourcing design engineering is anticipated to witness healthy growth over the forecast period as an increased number of manufacturers—from start-up ventures to established companies—capitalize on the benefits related to outsourcing design engineering such as improved product design and cost-effectiveness to attain a competitive edge. Furthermore, with the incorporation of IT into healthcare industry, analysis on 3D models and software, for which the third parties are well trained are expected to promote growth.

However, COVID-19 has added complexity and challenge to the medical device innovation. The product development firms are facing the major challenges so far as how to continue with business operations while evading the effects of the crisis. Product development during the pandemic continues to show optimal scope. The huge cost of development, financial risks of missing the mark, and market timing altogether contribute to the greatest challenges of medical device development and market driving innovation.

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Product Design & Development Services Market Report Highlights

• The research, strategy, and concept generation services segment accounted for the highest revenue share of 39.9% in 2020 as the stage requires extensive research and business and design strategy that generate maximum revenue
• The surgical instruments segment held major market share of 27.9% in 2020, due to the complexity of instruments which require detailed designing for making them suitable for direct contact with human body
• Key players in emerging economies of Asia Pacific and Latin America are witnessing significant increase in their revenue owing to the presence of lucrative growth opportunities
• Medical device Original Equipment Manufacturers (OEMs) are outsourcing the production of their devices to developing economies due to availability of labor and raw materials at affordable cost

Product Design & Development Services Market Segmentation

Grand View Research has segmented the global product design and development services market based on services, application, end use, and region:

Product Design And Development Services Outlook (Revenue, USD Million, 2016 - 2028)

• Research, Strategy, & Concept Generation
• Concept & Requirements Development
• Detailed Design & Process Development
• Design Verification
• Process Validation, Manufacturing Transfer & Design Validation
• Production & Commercial Support

Product Design And Development Services Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diagnostic Equipment
• Therapeutic Equipment
• Surgical Instruments
• Clinical Laboratory Equipment
• Biological Storage
• Consumables
• Others

Product Design And Development Services End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Device Companies
• Pharmaceutical Companies
• Biotechnology Companies
• Contract Research Organizations

Product Design And Development Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Ukraine
  • Netherlands
  • Switzerland
  • Sweden
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South KoreaIndonesia
  • Malaysia
  • Singapore
  • Thailand
  • Taiwan
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt

List of Key Players of Product Design And Development Services Market

• Ximedica
• DeviceLab Inc.
• Jabil Inc.
• Flex Ltd.
• Plexus Corp.
• Celestica Inc.
• Starfish Medical
• Nordson Medical
• Planet Innovation
• Donatelle

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.

Wound Irrigation System Market Size Is Expected To Reach USD 380.03 Million by 2028

 Wound Irrigation System Market Growth & Trends

The global wound irrigation system market size is expected to reach USD 380.03 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2021 to 2028. The rising prevalence of chronic wounds, increasing number of surgical procedures, technological advancements, favorable initiatives taken by the private and public sectors, and the increasing cases of burns across the globe are the key factors driving the market.

A wound irrigation system allows rapid healing of deep wounds and surgical site infections. It also allows improved wound cleansing that prevents further complications. The increasing prevalence of chronic wounds and the rising number of surgical procedures are the key factors driving the market. For instance, as per a report published by ScienceDirect in 2018, the surgical infection has the highest prevalence rate of around 4.0%, followed by diabetic foot ulcers of around 3.4%. In addition, the rising number of wound care centers across the globe is expected to surge the demand for wound irrigation systems.

Moreover, the increasing incidence of burn cases across the globe is anticipated to boost the demand for the product. According to a report published by Walker Morgan, LLC, in 2017, around 450,000 Americans receive medical treatment for burn injuries every year. As per the report published by Swift Medical Inc. in 2018, more than 305.0 million acute, burn, and traumatic wounds are recorded per year globally. Furthermore, as per the data reported by the WHO, over 1,000,000 people register, annually, as moderately or severely burnt. As wound irrigation system is very much effective in burn injury and allows rapid healing, thus increasing incidence rate of burns is anticipated to propel the market growth over the forecast period.

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Wound Irrigation System Market Report Highlights

• By product, the manual wound irrigation system segment held the largest market share in 2020 owing to the increasing incidence of burns and surgical site infection across the globe
• Based on application, the chronic wounds segment held the largest share in 2020 due to the rising prevalence of diabetic foot ulcers and pressure ulcers
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to the rising number of diabetic patients in this region

Wound Irrigation System Market Segmentation

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

Wound Irrigation System Product Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Battery-operated

Wound Irrigation System Application Outlook (Revenue, USD Million, 2016 - 2028)

• Chronic Wounds
  • Diabetic Foot Ulcer
  • Pressure Ulcer
  • Venous Leg Ulcer
• Burns
• Surgical Wounds
• Traumatic Wounds

Wound Irrigation System 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 Wound Irrigation System Market

• Zimmer Biomet
• Stryker Corporation
• Centurion Medical Products
• BSN Medical
• Cooper Surgical Inc.
• R. Bard, Inc.
• Bionix
• Westmed, 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.

Rhinoplasty Market Industry Analysis , Opportunity Assessment And Forecast Till 2028: Grand View Research Inc.

 Rhinoplasty Market Growth & Trends

The global rhinoplasty market size is expected to reach USD 7.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.5% from 2021 to 2028. Rhinoplasty is a type of surgery that changes the shape of the nose. It is one of the most popular types of facial plastic surgery.

The growing focus among people towards physical appearance and technological advancements in the dermatology industry are some of the key factors expected to increase the demand for nose jobs in the coming years. According to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), in 2018, rhinoplasty was among the top 5 surgical procedures carried out at a global level with over 726,907 surgeries performed.

These statistics suggest that there is a huge demand for nose jobs and the rising awareness about aesthetic appeals is the most important factor contributing to market growth. The availability of skilled plastic surgeons and technological advancements such as 3D computer-assisted techniques are anticipated to further fuel the growth of the market.  

The COVID-19 pandemic has significantly affected the market. Initially, due to lockdown being imposed in most of the countries, surgeries were halted. Since rhinoplasty involves surgery of the nose, surgeons were at a higher risk of getting exposed to the virus, as the virus lives in the nose. However, recently, hospital surgery centers have put pandemic protocols to be maintained for both safety of the staff and the patients. For instance, in one of the surgery centers in the US, the patient getting tested for coronavirus 48 hours prior to any surgery, staff using N95 masks, and so forth. While cosmetic surgeries are currently being held virtually, certain emergency elective surgeries are being given approval, and that too after following strict protocols.

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Rhinoplasty Market Report Highlights

• Augmentation emerged as the largest segment in 2020 owing to its necessity for both functional and aesthetic indications
• Open rhinoplasty accounted for the largest revenue share in 2020 owing to its ability to alter nasal shape with precision and better facial appearance
• In Asia Pacific, the market is projected to witness a CAGR of 7.6% during the forecast period. Countries such as China and Japan are the hub of nose surgeries in the region

Rhinoplasty Market Segmentation

Grand View Research has segmented the global rhinoplasty market based on treatment type, technique, and region:

Rhinoplasty Treatment Type Outlook (Revenue, USD Million, 2016 - 2028)     

• Augmentation
• Reduction
• Post-traumatic
• Reconstructive
• Revision
• Filler
• Others (Ethnic Rhinoplasty, Refinement Rhinoplasty)        

Rhinoplasty Technique Outlook (Revenue, USD Million, 2016 - 2028)

• Open
• Closed

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

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

List of Key Players of Rhinoplasty Market

• Stryker
• Grover Aesthetics
• Sunset Cosmetic Surgery
• Implantech
• GC Aesthetics
• Surgiform Technologies 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.

U.S. Assisted Living Facility Market Size, Industry Share And Growth Analysis For 2021-2027: Grand View Research Inc.

 U.S. Assisted Living Facility Market Growth & Trends

The U.S. assisted living facility market size is expected to reach USD 119.2 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2021 to 2027. The rising incidence of brain injury, growing geriatric population, and technological developments are expected to boost the market growth during the forecast period.

In the U.S., the assisted living facilities (ALF) provide meals, housekeeping services, social and recreational activities, and exercise and wellness programs. They also provide medical assistance in case of an emergency. Adults opting for assisted living pay for it from their savings and investments. Community service providers, household vendors, and premium elderly homes offer the required assistance and facilities to meet the daily necessities of the elderly.

The rise in the geriatric population due to the increased life expectancy is expected to grow rapidly in the future. According to the National Institute on Aging (NIA), globally, around 8.5% of the population is aged 65 years and above. As per the data published by the Population Reference Bureau, the number of Americans aged 65 years and above is projected to reach 95 million by 2060, from 52 million in 2018; by percentage, the age group of 65 years and above is expected to increase from 16% in 2018 to 23% by 2060.

Based on the nature of the population served and service provision, residents at assisted living facilities may be at a high risk of contracting COVID-19. To cope with the situation, in March 2020, CMS released guidelines for nursing homes and ALFs to help curb the spread of the novel coronavirus. These measures include prohibitions on visitors and nonessential staff, daily monitoring for symptoms, screening employees, implementing infection control and cleaning protocols, ensuring social distancing, hiring and training additional employees, adjusting activities, and paying bonuses and overtime. The majority of these facilities were not allowed to accept new residents, and therefore, had no new revenue streams for the additional expenses associated with the virus, which is hampering the market growth.

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U.S. Assisted Living Facility Market Report Highlights

• The industry is witnessing dynamic mergers, acquisitions, and joint venture agreements. For instance, in July 2019, Kindred Healthcare, in a joint venture with Atlantic Health System, completed the construction of a 38-bed comprehensive inpatient rehabilitation facility - Atlantic Rehabilitation Institute — in Madison, NJ
• Key players in the U.S. market for the assisted living facility are taking up initiatives, such as merger & acquisition, joint ventures, and partnerships, in order to increase their market presence
• In August 2020, Integral Senior Living entered into a partnership with Investcor Development, along with Bow River Capital and SMC Construction, to develop a new assisted living and memory care community at Sparks, Nevada

List of Key Players of U.S. Assisted Living Facility Market

• Atria Senior Living, Inc.
• Kindred Healthcare, Inc.
• Brookdale Senior Living Solutions
• Integral Senior Living
• Five Star Senior Living
• Sunrise Senior Living, Inc.
• Merrill Gardens
• Capital Senior Living
• Gardant Management Bradley
• Belmont Village, L.P.

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.

Non-invasive Aesthetic Treatment Market Outlook Growth Emerging Factors On Geography, Technological Advancements by 2028

 Non-invasive Aesthetic Treatment Market Growth & Trends

The global non-invasive aesthetic treatment market size is expected to reach USD 18.5 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 13.9% over the forecast period. Non-invasive aesthetic treatment offer benefits, such as less pain, instant results, and low cost, over invasive treatment. Non-invasive aesthetic treatment does not serve permanent results; however, it temporarily enhances facial appearance and aids in delaying the signs of aging.

According to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), between 2017 and 2018, there was an 11.7% increase in nonsurgical procedures and a decrease of 0.6% in surgical procedures. This highlights the high growth prospects for the market in the coming years. Non-invasive aesthetic treatment includes procedures, such as skin rejuvenation and injectables.

Popular injectable procedures include botulinum toxin, hyaluronic acid, and polymer filler. According to the American Society of Plastic Surgeons (ASPS), in 2019, botulinum toxin was among the top 5 minimally invasive procedures carried out in the U.S. Asia Pacific is expected to be the fastest-growing regional market over the forecast period due to the rapidly growing population in countries, such as India and China.

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Non-invasive Aesthetic Treatment Market Report Highlights

• Injectable procedure is projected to be the leading procedure segment over the forecast period
• Among various injectable procedures, botulinum toxin is one of the most widely used minimally invasive treatment
• North America was the dominant regional market in 2020 accounting for a share of around 37% due to the availability and adoption of advanced treatment options in this region
• Asia Pacific is projected to register the fastest CAGR over the forecast period on account of the rising target population in the region

Non-invasive Aesthetic Treatment Market Segmentation

Grand View Research has segmented the global non-invasive aesthetic treatment market on the basis of procedure and region:

Non-invasive Aesthetic Treatment Procedure Outlook (Revenue, USD Million, 2016 - 2028)

• Injectables
  • Botulinum Toxin
  • Calcium Hydroxylapatite
  • Hyaluronic Acid
  • Polymer Filler
  • Collagen
• Skin Rejuvenation
  • Chemical Peel
  • Laser Skin Resurfacing
  • Photorejuvenation
• Others
  • Hair Removal
  • Nonsurgical Fat Reduction
  • Sclerotherapy
  • Cellulite Treatment

Non-invasive Aesthetic Treatment Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Non-invasive Aesthetic Treatment Market

• Hologic, Inc.
• Allergan, Inc.
• Galderma S.A.
• Alma Lasers
• Syneron Candela
• Johnson & Johnson
• Merz Pharma
• Lumenis
• Solta Medical
• Cutera, Inc.
• Revance Therapeutics, 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.

Demand Medical Affairs Outsourcing Market Increasing in Most Part of World 2028

 Medical Affairs Outsourcing Market Growth & Trends

The global medical affairs outsourcing market size is expected to reach USD 3.47 billion by 2028 registering a CAGR of 12.2%, according to a new report by Grand View Research, Inc. Transformation in medical education and the rising number of orphan therapies for the treatment of rare diseases are some of the key factors propelling the market growth. The pharmaceutical companies are looking for assistance to systematically position the therapeutic outcomes of these therapies in the market. According to a report published by IQVIA in 2020, the U.S. FDA has approved 80 orphan indications in 2017 and about 57 in early 2020.

Changes in the reimbursement scenario and pricing pressure are expected to increase the adoption of cost-saving measures by the pharmaceutical and medical device companies. This is anticipated to promote off-shoring of medical affairs outsourcing in countries like India and China. Pharmaceutical companies are outsourcing medical affairs services to get high-quality documents, control the R&D cost, and reduce investment costs required to train the medical affairs team. Furthermore, the pharmaceutical and medical device companies are outsourcing their medical affairs services to diverge their business activities and manage product life cycles.

In addition, Contract Research Organizations (CROs) offer cost-efficient solutions and compliance with the health authority requirements, thereby propelling market growth. The bio/pharmaceutical outsourcing industry has seen a rise in R&D demand because of the COVID-19 pandemic. This increase in demand, as well as other impacts from the pandemic, such as rising demand for clinical trials and its outsourcing services, have caused some CROs to shift focus and adjust their operations. The pandemic has pushed more pharmaceutical companies and regulators to use new technologies for remote quality audits and inspections, thus driving positive changes in the pharma industry.

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Medical Affairs Outsourcing Market Report Highlights

• The medical writing & publishing segment led the market in 2020 and is expected to witness significant growth over the forecast period, owing to the increasing need for marketable written content to convey medical information to healthcare professionals and patients
• North America dominated the global market with a share of 35.3% in 2020 owing to the presence of a large number of pharmaceutical and medical devices companies in the region
• Moreover, the high cost of medical affairs services is a major challenge, which has encouraged various medical device companies in North America to outsource functions to third-party vendors in off-shore locations with a high level of expertise in the domain
• However, Asia Pacific is anticipated to account for the largest revenue share by 2028 while growing at the fastest CAGR over the forecast period, owing to cost-efficient service offering by the CROs in the region
• In addition, improved regulatory framework and availability of a skilled workforce in APAC boosts the market growth

Medical Affairs Outsourcing Market Segmentation

Grand View Research has segmented the global medical affairs outsourcing market on the basis of services, industry, and region:

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

• Medical Writing & Publishing
• Medical Monitoring
• Medical Science Liaisons (MSLs)
• Medical Information
• Others

Medical Affairs Outsourcing Industry Outlook (Revenue, USD Billion, 2016 - 2028)

• Pharmaceutical
• Biopharmaceutical
• Medical Devices
  • Therapeutic Medical Devices
  • Diagnostic Medical Devices

Medical Affairs Outsourcing Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Medical Affairs Outsourcing Market

• ICON plc
• IQVIA Holdings, Inc.
• The Medical Affairs Company
• Syneos Health, Inc.
• Pharmaceutical Product Development, LLC
• Ashfield Healthcare Communications
• Zeincro Group
• Wuxi Clinical Development, Inc.
• SGS S.A.
• Indegene, 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.

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.

Preclinical CRO Market is Estimated To Expand at a CAGR of 8.1% through 2028

 

Preclinical CRO Market Growth & Trends

The global preclinical CRO market size is expected to reach USD 8.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2021 to 2028. The market is expected to witness lucrative growth over the forecast period due to increasing R&D expenditure and growing outsourcing trend. The increasing volume of new drugs entering the preclinical phase is also anticipated to boost the market growth over the forecast period.

The market is undergoing a series of mergers and acquisitions, resulting in the improvement in full-service capabilities and international reach of larger companies. For instance, in 2019, WuXi AppTec acquired Pharmapace. On the other hand, mid-sized and smaller contract research organizations (CROs) are focusing on niche sectors and are providing a personalized approach to their sponsors. Various companies are focusing on research and development of new drugs, and therefore are outsourcing these activities to launch efficient CRO services in the market. This, in turn, provides a positive atmosphere for joint ventures among market participants owing to the preference of sponsors to maximize their benefits.

The COVID-19 epidemic is ever increasing since it was first identified in China in December 2019. Until January 20, 2021, more than 96.7 million cases of COVID-19 were reported globally, with more than 2,068,303 deaths across the globe. This pandemic has fast-tracked the development of vaccine and drug testing. There are currently more than 50 COVID-19 vaccine candidates in preclinical studies as well as trials.

North America held the largest share of 47.7% in 2020. Significant investment in healthcare R&D, coupled with well-developed healthcare infrastructure in the U.S., is contributing to the largest share of North America. Asia Pacific is projected to expand at the fastest CAGR of 12.0% over the forecast period.

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Preclinical CRO Market Report Highlights

• By service, the toxicology testing segment accounted for the largest share of 61.1% in 2020 due to its significance in Investigational New Drug (IND)-enabling studies
• Based on end-use, the government and academic institutes segment is anticipated to register the highest CAGR of 8.4% over the forecast period due to improving government initiatives toward healthcare, especially in developing economies
• North America dominated the market in 2020 with a share of 47.7%. Significant healthcare expenditure on R&D is one of the major factors driving the market in this region

Preclinical CRO Market Segmentation

Grand View Research has segmented the global preclinical CRO market on the basis of service, end-use, and region:

Preclinical CRO Service Outlook (Revenue, USD Million, 2016 - 2028)

• Bioanalysis and DMPK Studies
• Toxicology Testing
• Others

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

• Biopharmaceutical Companies
• Government and Academic Institutes
• Medical Device Companies

Preclinical CRO Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Switzerland
  • Russia
  • Sweden
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Malaysia
  • Indonesia
  • Singapore
  • Philippines
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt

List of Key Players of Preclinical CRO Market

• Envigo Corporation
• MPI research
• Eurofins Scientific
• PRA Health Sciences, Inc.
• Wuxi AppTec
• Medpace, Inc.
• Pharmaceutical Product Development (PPD), LLC
• PARAXEL International Corporation
• ICON Plc
• Laboratory Corporation 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.

Pharmaceutical Robots Market is Expected to Grow High Due to Growing Need For Automation In Manufacturing Units by 2028

 

Pharmaceutical Robots Market Growth & Trends

The global pharmaceutical robots market size is expected to reach USD 297.4 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.3% from 2021 to 2028. The growing pharmaceutical industry and numerous benefits offered by robotic systems in product manufacturing, such as improved production output and product quality, increased production flexibility, lesser space utilization, no labor turnover, low operating costs, enhanced health and safety, reduced production downtime, and better waste management, are driving the adoption of these products, thereby aiding the market growth. According to an article published by Mint in April 2020, the adoption and usage of robotic technology are expected to increase in India across all types of healthcare settings, despite their high prices, owing to the availability of a smaller number of healthcare professionals for more than 1.3 billion population.

In 2020, the traditional robots product segment accounted for the largest revenue share owing to its increasing adoption in material handling, picking and packaging, palletizing, and inspection. Collaborative robots are anticipated to register the fastest growth rate during the forecast period. Many companies are replacing traditional with collaborative robots or cobots, which is a combination of humans and robotics. The adoption of cobots is significantly increasing as they combine repetitive tasks of robots and the individual skills of humans to bring in efficiency in manufacturing processes. These machines are also cheaper and easier to operate and maintain as compared to the traditional ones.

In 2020, the picking and packaging application segment accounted for the largest revenue share and is anticipated to witness the fastest growth during the forecast period. This growth can mainly be attributed to the high demand for personalized packaging and benefits associated with this segment, including high speed, efficient track and trace, and optimum utilization of the floor space. In addition, all the traditional robotic solutions are mainly used for picking and packaging. For instance, 6-axis articulated robots such as VP-6242G and VS-068A2 developed by Denso Wave Incorporated enable picking and packaging.

In 2020, the pharmaceutical companies end-use segment accounted for the largest revenue share and is anticipated to register the fastest growth rate during the forecast period. This is attributed to the increasing usage of robotics in drug discovery and development. In addition, pharmaceutical companies are involved in developing personalized medicine, which further supports the growth of the segment. Research laboratories are anticipated to witness significant growth during the forecast period owing to the ability of these automated solutions to perform repetitive tasks, such as moving test tubes and fluids, during drug discovery-related activities, facilitating a high rate of consistency and accuracy.

In 2020, Asia Pacific dominated the market and is anticipated to register the fastest growth rate during the forecast period. The rise in the demand for the production of drugs and the development of robotic machines for performing tasks with high speed, reduced risk of contamination, accuracy, and optimum utilization of space among pharmaceutical companies is boosting the regional market growth. Moreover, a rise in the number of initiatives undertaken by the government to increase the adoption of industrial robots is further aiding the regional market growth. For instance, in 2016, the Chinese government launched the Robotics Industry Development Plan (2016-2020), aimed at promoting robot applications to a wider range of fields and attracting foreign investment, to develop 100,000 industrial robots produced by domestic technology annually by 2020.

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Pharmaceutical Robots Market Report Highlights

• The market growth is attributed to various technological advancements and increasing investments in the robotics sector
• In terms of product, traditional robots dominated the market in 2020 owing to the availability of different types of traditional products for specific applications
• Based on application, the picking and packaging segment dominated the market in 2020 owing to a rise in demand for personalized packaging
• By end use, pharmaceutical companies dominated the market in 2020 owing to the rapid rate of drug discovery and high investments by the companies
• Asia Pacific dominated the market in 2020 owing to the booming pharmaceutical and industrial robotics market in the region

Pharmaceutical Robots Market Segmentation

Grand View Research, Inc. has segmented the global pharmaceutical robots market on the basis of product, application, end-use, and region:

Pharmaceutical Robots Product Outlook (Revenue, USD Million, 2014 - 2028)

• Traditional Robots
  • Articulated Robots
  • SCARA Robots
  • Delta/Parallel Robots
  • Cartesian Robots
  • Dual-arm Robots
• Collaborative Pharmaceutical Robots

Pharmaceutical Robots Application Outlook (Revenue, USD Million, 2014 - 2028)

• Picking and Packaging 
• Inspection of Pharmaceutical Drugs 
• Laboratory Applications

Pharmaceutical Robots End-use Outlook (Revenue, USD Million, 2014 - 2028)

• Pharmaceutical Companies
• Research Laboratories

Pharmaceutical Robots Regional Outlook (Revenue, USD Million, 2014 - 2028)

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

List of Key Players of Pharmaceutical Robots Market

• ABB Ltd.
• Kawasaki Heavy Industries Ltd.
• Universal Robots A/S
• FANUC America Corporation
• Yaskawa Electric Corporation
• Marchesini Group S.p.A
• Seiko Epson Corporation
• Denso Wave, 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.