Virtual Reality Market Competitive Insight and Key Drivers During the Forecast Period

 

Virtual Reality Market Growth & Trends

The global virtual reality market size is anticipated to reach USD 69.60 billion by 2028, according to the latest report by Grand View Research, Inc. The market is expected to record a CAGR of 18.0% from 2021 to 2028. Technological advancements in the past years have made it feasible to experience real-world life in a digitally immersive environment with Virtual Reality (VR) and Augmented Reality (AR). The Covid-19 pandemic has given a rapid rise to VR-enabled platforms and tools, especially in the education and e-commerce sectors. VR technology has offered many companies new techniques and opportunities to attract potential customers to their business.

The e-commerce industry offers the unique feature of virtually trying clothes or accessories and assisting customers in making the right purchase decisions. Moreover, the temporary shutdown of educational institutions to curb the spread of coronavirus has compelled institutions to shift their academic sessions to VR-based online platforms for better collaboration. The technology has also enabled medical professionals to provide training and aid treatments through its audio-visual tool. The major drivers of the global market are the increasing adoption of automation and Artificial Intelligence (AI) across several industries.

The commencement of 5G network bandwidth that is expected to enhance the immersion experience on VR devices and the rise in smartphone penetration is also likely to boost the market growth. Various industries, such as healthcare, retail, education, manufacturing, automation, real estate, and tourism, have deployed several VR-based software/devices that have proven beneficial for their businesses. For instance, Atlantis, The Palm Dubai, a luxury resort in the UAE, offers its potential customers the opportunity to experience the ambiance of the resort through a VR 360 tool, providing an immersive and real-like sight to the viewers.

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Virtual Reality Market Report Highlights

• Innovations in smartphone hardware, coupled with state-of-the-art VR-compatible headsets, are anticipated to drive the market from 2021 to 2028
• The Head-Mounted Display (HMD) segment accounted for over 60.0% of the total market share in 2020
• The semi & fully immersive technology segment accounted for the largest revenue share in 2020 and is expected to witness substantial growth over the forecast period
• This growth is attributed to the ability of the technology to provide real-like dimension to a simulated realm
• In 2020, Asia Pacific accounted for the largest market share of around 40.0% and is expected to maintain its lead throughout the forecast years

Virtual Reality Market Segmentation

Grand View Research has segmented the global virtual reality market on the basis of device, technology, component, application, and region:

VR Device Outlook (Revenue, USD Million, 2016 - 2028)

• Head-Mounted Display (HMD)
• Gesture-Tracking Device (GTD)
• Projectors & Display Wall (PDW)

VR Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Semi & Fully Immersive
• Non-Immersive

VR Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
• Software

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

• Aerospace & Defense
• Consumer
• Commercial
• Enterprise
• Healthcare
• Others

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

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

List of Key Players of Virtual Reality (VR) Market

• Barco
• CyberGlove Systems, Inc.
• Facebook Technologies, LLC
• HTC Corporation
• Microsoft
• Samsung Electronics Co., Ltd.
• Sensics, Inc.
• Sixense Enterprises, Inc.
• Ultraleap Ltd.

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About Grand View Research

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

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

 Aviation IoT Market Growth & Trends

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

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

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

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Aviation IoT Market Report Highlights

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-aviation-internet-of-things-market

Aviation IoT Market Segmentation

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

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

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

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

• Airport
• Airline Operators
• MRO
• Aircraft OEM

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

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

List of Key Players of Aviation IoT Market

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

About Grand View Research

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

DNA & RNA Banking Services Market Poised to Expand at a Robust Pace Over 2027: Grand View Research Inc.

 DNA & RNA Banking Services Market Growth & Trends

The global DNA and RNA banking services market size is expected to reach USD 8.83 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.46% from 2021 to 2027. Biospecimens such as DNA and RNA are critical for biomarker discovery, thereby providing a path for the expansion of personalized medicine. Moreover, progress in translational and clinical research through an introduction of advanced, standardized cell isolation methodologies reduces hands-on-time. The development of automated solutions and the transformation of biobanks into fully automated biobanks potentially accelerate the growth of the market.

A rise in the enrollment of individuals for personalized medicine initiatives drives the revenue generation for DNA and RNA banking services. In July 2019, Partners HealthCare, U.S. enrolled more than 100,000 individuals in its precision medicine biobank that supported clinicians and researchers of the Brigham and Women’s Hospital, U.S., and other partners. Such initiative assisted in examining the impact of several factors on disease and health.

The distribution network is continuously becoming complex, with pharmaceutical firms facing new challenges related to sustainability initiatives, regulatory adherence, and competing priorities cost pressures. The efforts undertaken by the key players to invest in the cold chain storage and expansion of distribution capability in various geographies have increased the capability to handle large quantities of complex cold chain biologics. Key companies such as EasyDNA, DNA Genotek, 23andMe, GoodCell, ProteoGenex., and US Biolab have adopted several strategic alliances to reinforce their market presence. 

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DNA & RNA Banking Services Market Report Highlights

• By service type, storage services accounted for the largest revenue share in 2020 owing to the presence of numerous key providers in the market space. The advent of automated sample storage systems and automated liquid handlers to manage large sample volume, and reduce the amount of time required to process, store, and distribute samples further drives the segment
• Based on specimen type, the blood segment dominated the market in 2020 owing to fast and quick procedures of collecting blood, minimal risk of contamination, and visibility of blood samples
• In terms of application, the drug discovery and clinical research segment held the largest share in 2020. Biobanking services are utilized to accelerate the discovery of new therapeutics and offer resources for future investigations to better understand the effects of environmental, genetic, and lifestyle factors on human health, morbidity, and mortality. This factor led to the maximum revenue share of the segment
• On the basis of end use, the hospitals and diagnostic centers segment is projected to witness the fastest growth throughout the forecast period owing to the efforts undertaken by government bodies and biobanks to broaden the accessibility for DNA and RNA samples in the hospitals and diagnostic centers for COVID-19 diagnosis
• North America accounted for the largest revenue share in 2020. One of the major factors positively accelerating market growth is the initiation of national precision-medicine initiatives, such as the “All of Us” biobank in the U.S.

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DNA & RNA Banking Services Market Segmentation

Grand View Research has segmented the global DNA and RNA banking services market on the basis of service type, specimen type, application, end-use, and region:

DNA & RNA Banking Service Type Outlook (Revenue, USD Million, 2016 - 2027)

• Transportation Service
• Processing Service
• Storage Service
• Quality Control Service
• Data Storage
• Others

DNA & RNA Banking Services Specimen Type Outlook (Revenue, USD Million, 2016 - 2027)

• Blood
• Buccal Swabs & Hair Follicles
• Others

DNA & RNA Banking Services Application Outlook (Revenue, USD Million, 2016 - 2027)

• Therapeutics
• Drug Discovery & Clinical Research
• Clinical Diagnostics
• Other Applications

DNA & RNA Banking Services End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Academic Research
• Pharmaceutical & Biotechnology Companies
• Hospitals & Diagnostic Centers
• Others

DNA & RNA Banking Services Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of DNA & RNA Banking Services Market

• EasyDNA
• DNA Genotek Inc.
• 23andMe, Inc.
• GoodCell
• US Biolab Corporation, Inc.
• Infinity Biologix
• Thermo Fisher Scientific, Inc.
• deCODE genetics
• Brooks Life Sciences
• LGC Biosearch Technologies
• PreventionGenetics

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.

North America Digital Pathology Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 North America Digital Pathology Market Growth & Trends          

The North America digital pathology market size is expected to reach USD 593.9 million 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. The market is predominantly driven by the growing prevalence of chronic diseases such as cancer. As a consequence of the high prevalence of cancer, pathologists require data that facilitate personalizing therapy for patients. Hence, digital pathology is progressively being selected by pathologists as it has various benefits including accelerated diagnosis rate, diagnostic accuracy, and offers therapeutic recommendations to improve patient outcomes.

The growing number of collaborative agreements to develop as well as expedite the adoption of digital pathology in cancer diagnostics serves as a key growth factor contributing to the market. The use of artificial intelligence in digital pathology has gained momentum in the past years. The increasing need for lowering healthcare costs, increasing importance of big data in healthcare, rising adoption of precision medicine, and declining hardware costs are some factors driving the growth. In addition, increasing usage of artificial intelligence-based analytical tools in healthcare and high capital investments in this field are further propelling the market growth.

During the coronavirus outbreak, the exponential need for home-based workstations and safe clinical informatics systems allowing healthcare professionals to read images remotely and enabling virtual collaboration between their multi-disciplinary care teams has increased. Various histopathology departments in the region faced a reducing workforce and increasing workload during the pandemic. Digital pathology considered being the potential solution for some of the challenges faced by the pathologist, there is an increase in the adoption of digital diagnosis of disease during coronavirus outbreak.

In April 2020, Philips announced that the FDA granted a waiver for home use of consumer monitors with the company's IntelliSite Pathology Solution during the emergency. The temporary exemption of restrictions on remote use of the digital pathology helps pathologists to access whole slide images from home and fasten the diagnosis of histology cases. Some pathology labs that have adopted DP in their workflows across different sites pre-COVID-19, reported improved collaboration, and an average productivity gain of 21.0% with operation efficiency increased by 13.0%. These types of initiatives are anticipated to fuel market growth.

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North America Digital Pathology Market Report Highlights

• The software segment is anticipated to witness a lucrative growth rate of 6.8% in the coming years. The segment is inclusive of pathology workflow management solution and LIMS software
• This software is simple to install and use, easy to obtain specific patient information, and efficiently and quickly sends reports digitally to pathologists and clinicians. Owing to these associated advantages the software segment is expected to witness lucrative growth over the forecast period
• The practice of sharing digital imagery across labs helps in accelerating drug discovery and development processes by enabling pathologists to effectively analyze records and communicate and collaborate on crucial result findings in tissue-based efficacy studies
• The disease diagnosis segment is projected to witness a significant CAGR of 7.0% in the coming years as the FDA approved the practice of sharing digital imagery across labs for primary diagnosis applications such as cancer cell detection
• Diagnostic laboratories are expected to witness lucrative growth of 7.1% over the forecast period owing to the rising incidence of cancer in this region. Moreover, the implementation of digital pathology solutions and devices is likely to help improve laboratory workflow efficiency, accuracy, and quality of disease diagnosis using computational pathology
• Competitive rivalry in the market is expected to remain high over the forecast period. The market is dominated by few players such as Philips and Leica Biosystems that hold a majority of the revenue
• The strategies implemented by these players are product differentiation, new product launch, collaboration, merger, and acquisition to gain a larger share of the market

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North America Digital Pathology Market Segmentation

Grand View Research has segmented the North America digital pathology market on the basis of the product, application, end use, and country:

North America Digital Pathology Product Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Device

North America Digital Pathology Application Outlook (Revenue, USD Million, 2016 - 2028)

• Drug Discovery & Development
• Academic Research
• Disease Diagnosis
  • Cancer Cell Detection
  • Others

North America Digital Pathology End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Cancer Hospitals
• Diagnostic Labs
• Academic & Research Institutes

North America Digital Pathology Country Outlook (Revenue, USD Million, 2016 - 2028)

• US.
• Canada

List of Key Players of North America Digital Pathology Market

• Leica Biosystems
• Hamamatsu Photonics, Inc.
• Koninklijke Philips N.V.
• Hoffmann-La Roche Ltd
• Mikroscan Technologies
• 3DHISTECH Ltd.
• Inspirata, Inc.
• Visiopharm A/S
• Huron Technologies International, Inc.
• Sectra AB

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.

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Size Is Expected To Reach USD 2.3 Billion by 2027

 Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Growth & Trends

The global continuous manufacturing market in pharmaceuticals and biopharmaceuticals size is expected to reach USD 2.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.85% from 2021 to 2027. Although batch manufacturing is the dominant mode of product development within the pharma and biopharma industry, the companies have begun shifting their focus toward continuous manufacturing (CM). The key drivers for the transition from batch to continuous manufacturing include drug shortage, more stringent requirements for consistent quality, the need for reduced processing costs, and the demand for higher and improved productivity.

Regulatory authorities are increasingly supportive of this therapeutic development model. They are encouraging the adoption of CM through releasing drafts and guidelines. Moreover, the presence of communities and organizations that are devoted to the commercialization of this market within the pharma and biopharma sector is driving the revenue. CCP Summit 2020 is one of such summits that is engaged in exploring scientific and technological advancements to address the technology challenges and accelerate upfront investment in the market.

In addition, the growing demand for biosimilars and an ever-increasing pressure for reducing drug development costs have driven the interest of biopharma players in this space. With a plethora of research activities available on making individual unit operations continuous, studies are also conducted to explore the possibility of a continuous end-to-end development process. Ongoing research efforts in this area are anticipated to greatly favor the revenue growth in the coming years.

Based on mode, in-house pharmaceutical companies are anticipated to witness lucrative growth in the coming years owing to the shift of well-established pharma players toward the continuous manufacturing market. On the basis of scale, the clinical and preclinical scale manufacturing segments collectively captured a significant revenue share in 2020 owing to the easy integration of systems and a high number of ongoing R&D activities.

North America led the global market in 2020. This is attributed to the presence of key technology developers as well as high R&D expenditure in drug development by the end-users in the U.S. Key players are implementing various strategies to strengthen their product offerings and offer diverse technologically advanced products to accelerate therapeutics development.

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Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Report Highlights

• In terms of therapeutics type, the pharmaceutical/small molecules segment dominated the market in 2020 owing to high technology penetration in this segment. The biopharmaceutical/large molecules segment is anticipated to witness lucrative growth owing to increasing investment in facility expansion to integrate CM systems
• On the basis of application, finished product manufacturing led the market in 2020 owing to the established use of CM in finished product development due to the commercial cost and time-saving advantages of technology
• By formulation, solid formulation dominated the market in 2020 owing to the maximum adoption of CM methodologies in solid drug production
• Based on mode, the contract segment led the market in 2020 due to the ongoing demand, coupled with the increasing popularity of contract services. The increasing investment in biosimilars production is expected to spur the use of CM technology within contract manufacturing organizations
• By product, semi-continuous systems accounted for the maximum revenue share in 2020 owing to the increasing adoption of a hybrid model of manufacturing within small to medium-sized drug developers as well as major pharma companies

Access Press Release@ https://www.grandviewresearch.com/press-release/global-continuous-manufacturing-market-pharmaceuticals-biopharmaceuticals

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Segmentation

Grand View Research has segmented the global continuous manufacturing market in pharmaceuticals and biopharmaceuticals on the basis of therapeutics type, application, formulation, mode, scale, product, and region:

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Therapeutics Type Outlook (Revenue, USD Million, 2016 - 2027)

• Large Molecules
• Small Molecules

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Application Outlook (Revenue, USD Million, 2016 - 2027)

• Finished Product Manufacturing
• API Manufacturing

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Formulation Outlook (Revenue, USD Million, 2016 - 2027)

• Solid Formulation
• Liquid & Semi-solid Formulation

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Mode Outlook (Revenue, USD Million, 2016 - 2027)

• In-house
• Contract

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Scale Outlook (Revenue, USD Million, 2016 - 2027)

• Preclinical
• Clinical
• Commercial

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Product Outlook (Revenue, USD Million, 2016 - 2027)

• Integrated Systems
• Semi-continuous Systems
  • Continuous Granulators
  • Continuous Blenders
  • Continuous Compressors
  • Continuous Coaters
  • Continuous Dryers
  • Other Semi-continuous Systems
• Others

Continuous Manufacturing Market In Pharmaceuticals & Biopharmaceuticals Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Continuous Manufacturing Market in Pharmaceuticals & Biopharmaceuticals

• Thermo Fisher Scientific, Inc.
• Pall Corporation
• Applikon Biotechnology
• Sartorius Stedim Biotech
• GEA Group Aktiengesellschaft
• Corning Incorporated
• Merck KGaA
• Glatt GmbH
• Repligen Corporation
• Eppendorf AG
• Electrolab Biotech Ltd.
• Solesis Medical
• Scott Equipment Company
• B. Bohle
• LONZA
• 3M
• CellGenix GmbH
• Boehringer Ingelheim International GmbH
• Bio-Rad Laboratories
• Avantor, Inc.
• Ajinomoto Bio-Pharma
• GlaxoSmithKline
• Continuus Pharmaceuticals
• Arcinova
• Amgen

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 for Veterinary Active Pharmaceutical Ingredients Manufacturing Market to Incur Considerable Upsurge During 2021 – 2028

 Veterinary API Manufacturing Market Growth & Trends

The global veterinary active pharmaceutical ingredients manufacturing market size is expected to reach USD 10.4 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. The increasing prevalence of chronic diseases in animals and growing concerns among pet owners are the key contributors to the market growth.

Moreover, the growing prevalence of zoonotic diseases is driving the demand for drugs, which, in turn, boosts the demand for active pharmaceutical ingredients (APIs) for the production of these drugs. According to the Centers for Disease Control and Prevention (CDC), in July 2017, it was estimated that 6 out of 10 known infectious diseases in people can be transmitted from animals and 3 out of every 4 novel or emerging infectious diseases in people are caused due to animals.

Government organizations are involved in issuing various guidelines to promote veterinary services globally, which is expected to contribute to market growth in the coming years. For instance, in May 2018, the OIE International Standards, a part of the WTO framework, issued standards to improve animal health, which will affect human health as well. One of the key challenges was found to be the lack of technical expertise in this field.

The rising number of veterinarians is also anticipated to boost the market growth. According to the American Veterinary Medical Association, in 2018, there were 113,394 veterinarians in the U.S. as compared to 110,531 veterinarians in 2017. Out of these, 48,898 were involved in private clinical practice exclusively for companion animals. Also, according to the Canadian Veterinary Medical Association (CVMA), the approximate number of veterinarians in Canada is 12,921.

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Veterinary API Manufacturing Market Report Highlights

• The contract outsourcing service type accounted for the largest revenue share of over 58% in 2020 owing to associated benefits with its usage
• The growing number of outsourcing activities by pharmaceutical companies is expected to boost the segment growth
• Chemical-based API synthesis type dominated the market in 2020. This can be attributed to its high usage by many major manufacturing companies
• The vaccines product segment held the largest market share of over 23% in 2020 due to increased demand for vaccines as a result of a high prevalence of chronic diseases in animals
• Due to the presence of well-established companies and technologically advanced infrastructure, North America dominated the market in 2020
• However, Asia Pacific is anticipated to register the fastest CAGR over the forecast period owing to the high potential and rapidly growing markets of India, Japan, and China
• Industry players are involved in strategies including mergers & acquisitions, collaborative agreements, and geographic expansions to gain a competitive edge
• For instance, in March 2020, SeQuent Scientific Ltd. received WHO-GENEVA approval for API Praziquantel, which is an anti-helminthic, under pre-qualification program in its Vizag, India facility

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Veterinary API Manufacturing Market Segmentation

Grand View Research has segmented the global veterinary active pharmaceutical ingredients manufacturing market on the basis of service type, synthesis type, product, and region:

Veterinary API Manufacturing Service Type Outlook (Revenue, USD Million, 2016 - 2028)

• In House
• Contract Outsourcing
  • Contract Development
    • Preclinical Development
    • Others
  • Contract Manufacturing
    • API/Bulk Drugs
    • Finished Dose Formulations

Veterinary API Manufacturing Synthesis Type Outlook (Revenue, USD Million, 2016 - 2028)

• Chemical-based API
• Biological API
• HPAPI

Veterinary API Manufacturing Product Outlook (Revenue, USD Million, 2016 - 2028)

• Antiparasitic
• Anti-infectives
• NSAIDs
• Vaccines
• Biologics
• Others

Veterinary API Manufacturing Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Veterinary API Manufacturing Market

• Alivira Animal Health Ltd.
• Excel Industries Ltd.
• Ofichem Group
• Shaanxi Hanjiang Pharmaceutical Group Co., Ltd.
• Menadiona
• Afton Pharma
• Jiangsu Lingyun Pharmaceutical Co., Ltd.
• SUANFARMA
• NGL Fine-Chem Ltd.
• FIS - Fabbrica Italiana Sintetici S.p.A

About Grand View Research

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

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

 U.S. Frozen Dessert Market Growth & Trends

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

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

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

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U.S. Frozen Dessert Market Report Highlights

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

Access Press Release@ https://www.grandviewresearch.com/press-release/us-frozen-desserts-market-analysis

U.S. Frozen Dessert Market Segmentation

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

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

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

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

• Vegan
• Dairy

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

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

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

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

About Grand View Research

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

Farm Tire Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 Farm Tire Market Growth & Trends

The global farm tire market size is expected to reach USD 11.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. The growing demand for tractors and harvesters in farming activities in developed as well as developing economies is anticipated to benefit the growth of the market over the forecast period.

The demand for farm tires in agricultural vehicles is expected to witness significant growth owing to the increasing penetration of vehicles in the agricultural sector. In addition, rising awareness among farmers related to the up-gradation in automotive technology and the use of automated equipment is expected to boost the market growth.

Increasing demand for food, especially in the emerging economies of Asia Pacific, including China, India, Japan, and Thailand, is a key factor driving the global market. Furthermore, economic development, coupled with the population expansion in these economies, is likely to boost the market growth over the forecast period.

Market players are engaged in developing innovative procedures for manufacturing farm tires in order to improve the product characteristics and enable its use in several agricultural vehicles. Leading players such as Michelin have undergone technology upgrades, such as from IF/VF technology to advanced flexion technology, in order to gain a competitive edge over their competitors in the market.

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Farm Tire Market Report Highlights

• By product, bias tires are expected to witness the fastest growth in terms of revenue from 2021 to 2028 owing to the rising agriculture application on account of crosshatch construction of the tires and low cost as compared to their counterpart
• The tractors application segment dominated the market in 2020 and is expected to maintain its lead throughout the forecast period. The multipurpose nature of tractors is likely to benefit the segment growth
• The aftermarket distribution segment accounted for the largest revenue share in 2020 and is expected to be the dominant segment over the forecast period on account of the growing replacement of tires by farmers
• The farm tire market in Asia Pacificis estimated to witness the fastest growth in terms of revenue over the forecast period owing to the factors, such as increasing population, rising disposable income of the middle-class population, and rapid industrialization and urbanization
• Key market players undergo mergers and collaborations to expand their reach, thereby increasing their market share

Access Press Release@ https://www.grandviewresearch.com/press-release/global-farm-tire-market

Farm Tire Market Segmentation

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

Farm Tire Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• Bias
• Radial

Farm Tire Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• Tractors
• Harvesters
• Forestry
• Irrigation
• Implements
• Sprayers

Farm Tire Distribution Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

• OEM
• Aftermarket

Farm Tire Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Farm Tire Market

• Balkrishna Industries Limited (BKT)
• Bridgestone Corporation
• Continental AG
• Compagnie Générale des Établissements Michelin (CGEM)
• Sumitomo Rubber Industries, Ltd.
• Titan International, Inc.
• Mitas
• TBC Corporation
• Apollo Tyres Ltd.
• Hankook Tire
• MRF Limited
• JK Tyre & Industries Ltd.
• CEAT
• The Carlstar Group, LLC
• Specialty Tires of America, Inc.
• Alliance Tire Group (ATG)
• Trelleborg AB

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.

Facade Market to Reach USD 336.6 Billion by 2028: Grand View Research Inc.

 Facade Market Growth & Trends

The global facade market size is expected to reach USD 336.6 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market.

The burgeoning popularity of green buildings and surging demand for high-transparency glasses that allow passage of light, while maintaining heat resistance, are poised to shape the future of the market. The market is projected to witness the application for high-performance and energy-saving solar control facades, which will contribute to higher economic benefits and eco-sustainability. Furthermore, the initiatives and regulations by government bodies, technological advancements, and the need for energy conservation are estimated to propel the market growth over the next seven years. The Green Building Initiative (GBI), a non-profit building assessment and certification organization in the U.S., awards ratings and prescribes principles for reducing the environmental impact. Such principles opted by companies may further spur the growth of the smart buildings industry, thereby stimulating the demand for smart building monitoring through facades.

Incidences of severe building fires have prompted public concern over the safety of facade materials. Facade materials play a vital role in fire safety as it is the outer part of the building that is directly in contact with fire. In addition, it is essential to select the cladding material at the design stage based on material combustion characteristics to significantly protect the buildings from fire. Thus, it is estimated to fuel the overall façade demand globally from 2021 to 2028.

Furthermore, the ongoing COVID-19 pandemic has had an adverse impact on the overall construction and real estate industry and subsequently, hampered market growth. However, with the announcement of economic relief packages across key countries, such as the U.S., India, the U.K., Germany, and others, the demand for facades is anticipated to see notable growth over the next seven years.

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Facade Market Report Highlights

• By product, the ventilated facades segment is anticipated to exhibit the fastest CAGR over the forecast period owing to its energy-saving advantages and rich aesthetics
• Various government initiatives towards infrastructure development and a rise in the PPP model are encouraging the construction of commercial properties across the globe, which is subsequently propelling the market growth
• The commercial end-use segment held the leading revenue share in 2020 owing to the significant adoption of façade products for buildings in commercial applications, such as offices, airports, stadiums, and hotels, globally
• Asia Pacific dominated the market with a share of over 35.0% in 2020 owing to the growing construction of new commercial and industrial buildings in China, India, and Southeast Asia
• Several prominent players are strategically concentrating on establishing partnerships and agreements to acquire big projects in order to boost their overall sales and profitability

Access Press Release@ https://www.grandviewresearch.com/press-release/global-facades-market

Facade Market Segmentation

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

Facade Product Outlook (Revenue, USD Million, 2017 - 2028)

• Ventilated Facades
  • Curtain walls
  • Others
• Non-ventilated Facades
• Others

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

• Commercial
• Residential
• Industrial

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

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • UAE
  • Oman

List of Key Players of Facade Market

• Rockpanel Group (ROCKWOOL B.V.)
• Aluplex
• Bouygues
• Enclos
• EOS Framing Limited
• Saint-Gobain Group
• AFS International B.V.
• Kingspan Group
• Lindner Group
• Fundermax
• Gartner (Permasteelisa Group)
• HansenGroup
• Hochtief
• National Enclosure Company, LLC.
• Schuco International (OTTO FUCHS KG)
• Skanska
• Trimo d.o.o.
• Norsk Hydro ASA
• YKK AP 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.

Food Service Equipment Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Food Service Equipment Market Growth & Trends

The global food service equipment market size is estimated to reach USD 50.01 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at an estimated CAGR of 5.5% from 2021 to 2028. The increasing trade activities in the food and beverage industry, upsurge in travel and tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.

Equipment manufacturers are focusing on mergers and acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces. Furthermore, the pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional internet of things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase the preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.

The COVID-19 breakout and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market for food service equipment. Various industries such as food and beverage, travel and tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and takeaway from restaurants and hotels, resulting in some recovery of the food and beverage industry.

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Food Service Equipment Market Report Highlights

• In terms of geography, Asia Pacific is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.0% from 2021 to 2028
• In terms of product, the kitchen purpose equipment segment dominated the market with a revenue share of over 35.0% of the overall market in 2020
• Expanding at a CAGR around 5.0% from 2021 to 2028, the Full Service Restaurant (FSR) end-user segment is estimated to dominate the market over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-food-service-equipment-market

Food Service Equipment Market Segmentation

Grand View Research has segmented the global food service equipment market on the basis of product, end-user, and region:

Food Service Equipment Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Kitchen Purpose Equipment
• Cooking Equipment
• Food & Beverage Preparation Equipment
• Refrigeration Equipment
• Ware Washing Equipment
• Food Holding & Storing Equipment
• Others

Food Service Equipment End-user Outlook (Revenue, USD Billion, 2016 - 2028)

• Full Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Institutional
• Others

Food Service Equipment Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Food Service Equipment Market

• AB Electrolux
• Ali Group S.r.l. a Socio Unico
• Dover Corporation
• Duke Manufacturing
• Haier Group
• SMEG S.p.A.
• The Middleby 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.