Genomics Market to Expand at a CAGR of 15.35% Through 2028: Grand View Research Inc.

 

Genomics Market Growth & Trends

The global genomics market size is expected to reach USD 62.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.35% from 2021 to 2028. A rise in the demand for the solutions to catalog vast genomic information into a usable form and to utilize it in clinical workflows is expected to drive the market.

This has also led to an increase in the market competition, coupled with the development of breakthrough genomic technologies by Veritas Genetics, 23andMe, and other key players. In August 2020, Ancestry launched a new next-generation sequencing-based tool to screen genes linked to blood disorders, colon cancer, heart diseases, and breast cancer. This product, developed by Quest Diagnostics, has a better DNA analysis efficiency when compared to microarray-based testing.

Technological advancements in genetic technologies that include CGH, FISH, microarray, karyotyping, sequencing, and gene-editing tools have played a pivotal role in reshaping the healthcare systems and basic biomedical research. Furthermore, despite several ethical and legal issues, Direct-To-Consumer solutions are one of the most important innovations in the market for genomics as they help patients to perform genetic tests on their own.

The cost of reagents used in genomics has witnessed a continuous decline, which has led to an increase in adoption among small and mid-sized laboratories. However, with the introduction of novel technology and systems, the requirement for reagents is also changing.

The market has witnessed multiple product launches in 2020 owing to a rise in competition for the development of genomic testing solutions for COVID-19. For instance, in December 2020, ThermoFisher launched Applied Biosystems TaqCheck SARS-CoV-2 Fast PCR Assay—a new saliva-based PCR test for the detection of COVID-19 infection. Similarly, in June 2020, Cepheid announced the development of the Xpert Xpress SARS-CoV-2/Flu/RSV four-in-one test, which can detect these four pathogens from a single sample. This test can be run on Cepheid’s GeneXpert Systems.

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Genomics Market Report Highlights

• In the products segment, the consumables and reagents segment is expected to register the fastest CAGR over the forecast period owing to the high volume requirement for reagents and consumables for genomic analysis
• In the services segment, NGS-based services dominated the market in 2020. The use of NGS-based services for the analysis of the SARS-CoV-2 genome drives the segment. The COVID-19 Genomics UK (COG-UK) Consortium delivers rapid and large-scale whole-genome sequencing of SARS-CoV-2
• By application and technology, functional genomics led the market in 2020 due to the development of high-throughput technologies for the gene as well as protein studies. The generation of a large amount of sequencing data has led to significant developments in the segment
• Based on end use, pharmaceutical and biotechnology companies dominated the market in 2020. Pharmaceutical and biotechnology companies like Menlo Park; Grail, Inc.; and Regeneron Pharmaceutical, Inc. have initiated large-scale genomic sequencing projects in collaboration with both community health systems and academic medical centers
• Asia Pacific is expected to register the fastest growth rate from 2021 to 2028 owing to an increase in adoption and awareness about a number of genomics technologies in emerging countries, such as China and India, for the detection, treatment, and prognosis of various genetic disorders, such as diabetes and cancer

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Genomics Market Segmentation

Grand View Research has segmented the global genomics market on the basis of application and technology, deliverable, end-use, and region:

Genomics Application & Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Functional Genomics
  • Real-time PCR
  • Transfection
  • SNP Analysis
  • Mutational Analysis
  • Microarray Analysis
  • RNA Interference
• Pathway Analysis
  • Microarray Analysis
  • Bead-based Analysis
  • Proteomics Tools (2-D PAGE; yeast 2-hybrid studies)
  • Real-time PCR
• Biomarker Discovery
  • DNA Sequencing
  • Microarray Analysis
  • Real-time PCR
  • Mass Spectrometry
  • Statistical Analysis
  • Bioinformatics
• Epigenetics
  • Bisulfite Sequencing
  • Microarray Analysis
  • Chromatin Immunoprecipitation (ChIP & ChIP-Seq)
  • Methylated DNA Immunoprecipitation (MeDIP)
  • High Resolution Melt (HRM)
  • Chromatin Accessibility Assays
• Others

Genomics Deliverable Outlook (Revenue, USD Million, 2017 - 2028)

• Products
  • Instruments/Systems/Software
  • Consumables & Reagents
• Services
  • NGS-based Services
  • Core Genomics Services
  • Biomarker Translation Services
  • Computational Services
  • Others

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

• Pharmaceutical and Biotechnology Companies
• Hospitals and Clinics
• Academic and Government Institutes
• Clinical Research
• Other End Users

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

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

List of Key Players of Genomics Market

• Thermo Fisher Scientific, Inc.
• Agilent Technologies
• Beijing Genomics Institute (BGI)
• Bio-Rad Laboratories
• Danaher Corporation
• Hoffmann-La Roche Ltd.
• GE Healthcare
• Illumina, Inc.
• Oxford Nanopore Technologies
• Pacific Biosciences of California, Inc.
• QIAGEN N.V.
• Quest diagnostics
• Myriad Genetics, Inc.
• Eppendorf AG
• Eurofins Scientific
• Color
• 23andMe, 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.

Breast Pumps Market is Expected to Exhibit a CAGR of 10.5% during the Forecast Period: Grand View Research Inc.

 

Breast Pump Market Growth & Trends

The global breast pump market size is expected to reach USD 5.53 billion by 2028 registering a CAGR of 10.5% over the forecast period, according to a new report by Grand View Research, Inc. Improving healthcare infrastructure in emerging economies, increasing global women employment rates, and presence of favorable demographics are the key factors driving the market.

The market in the developed economies, such as the U.S., Germany, France, and Australia, is saturated, owing to the increasing demand and presence of key players in these regions. The emerging Asian and Latin American economies currently have a moderate adoption rate due to lower patient awareness levels. Economic development in these regions coupled with rising disposable income is anticipated to help the market ensure future sustainability.

Manufacturers investing in these rapidly-developing markets are expected to record high growth, provided pricing and distribution activities are undertaken effectively. Moreover, rising awareness about the benefits and importance of breastfeeding, rising disposable incomes, availability of the latest devices, and the presence of key companies are boosting the product demand in emerging markets. The rapid economic growth in these markets indicates higher product adoption.

Moreover, supportive initiatives being undertaken by the governments around the world are anticipated to propel the demand for the product. For instance, insurance companies in the U.S. have to cover the cost of equipment and services, such as breast pumps & accessories and lactation counseling. As a result, the purchase of the product has become easier for the end users, thereby supporting the growth of the market.

Most of the companies in the market have undertaken several business strategies, such as mergers & acquisitions, partnerships, and new product launches, to strengthen their foothold in the global market. For instance, in May 2017, Medela announced that it would conduct in-house clinical trials to increase the accuracy of the feedback received by the company regarding its device. This is anticipated to increase patient compliance with the device. Some companies are also investing heavily in the research & development activities for product portfolio expansion.

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Breast Pump Market Report Highlights

• In terms of revenue, the electric pumps segment held the largest share in 2020 on account of the high demand for these products across the globe
• The closed system product segment held the largest revenue share of the global market in 2020
• The segment is also expected to witness the fastest CAGR over the forecast period on account of several benefits offered by closed system products over their counterparts
• The hospital-grade application segment accounted for the maximum revenue share of the overall market in 2020
• The application segment will expand further at the fastest CAGR from 2021 to 2028 on account of a rising number of hospitals across the globe
• Asia Pacific is expected to be the fastest-growing regional market over the forecast period. This growth can be attributed to the growing disposable income levels and awareness about the product & its benefits

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Breast Pump Market Segmentation

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

Breast Pump Product Outlook (Revenue, USD Million, 2016 - 2028)

• Open System
• Closed System

Breast Pump Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Battery-powered
• Electric

Breast Pump Application Outlook (Revenue, USD Million, 2016 - 2028)

• Personal Use
• Hospital-grade

Breast Pump Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Breast Pump Market

• Ameda AG
• Bailey Medical
• Medela AG
• Philips
• Hygeia Health
• Lansinoh Laboratories
• Buettner Frank GmbH
• Linco Baby Merchandise Works Co., Ltd.
• Whittlestone, 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.

Polylactic Acid Market to Expand at a CAGR of 18.1% Through 2028: Grand View Research Inc.

 Polylactic Acid Market Growth & Trends

The global polylactic acid market size is expected to reach USD 1.82 billion by 2028 registering a CAGR of 18.1% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is mainly driven by the high demand for flexible packaging due to the increasing popularity of Quick-Service Restaurants (QSRs) and changing consumer preferences. Moreover, the rapid expansion of the end-use industries, such as agriculture, transport, and textile, will support the market growth. The growing packaging sector is anticipated to create high opportunities for polylactic acid (PLA) during the forecast period.

Packaging was the dominant end-use segment in 2020 and is estimated to continue its dominance over the forecast period. The product is extensively used in this segment for the packaging of foods & beverages, household care, and personal care products. Growing consumer awareness regarding the need for sustainability, recyclability, and green packaging is expected to boost the demand for PLA on a global level over the forecast period. In the automotive & transportation sector, several reforms, in terms of component manufacturing, are observed globally.

For instance, vehicle interior components, such as engine components, interior trim, and under-the-hood components, are manufactured using lightweight substances to enhance performance and to reduce overall vehicular weight. This has led to the rising need for sustainable bioplastic component manufacturing for enhanced toughness and fuel economy, which, in turn, has resulted in the growing demand for PLA. Rising demand for protective apparel and equipment due to the COVID-19 outbreak is anticipated to drive the inclusion of PLA in the medical and textile end-use segments.

The market in Europe is anticipated to witness substantial growth in the coming years owing to various factors, such as the presence of stringent eco-friendly laws and increasing environmental concerns among consumers. In addition, the government initiatives, such as the decision of the EU to minimize the overall consumption of single-use plastic products, are anticipated to propel the demand for PLA over the forecast period.

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Polylactic Acid Market Report Highlights

• In 2020, the packaging segment led the market accounting for the largest revenue share of over 36%, and is projected to maintain its lead over the forecast years
• The growth of the segment is attributed to the wide usage of PLA in fresh food packaging solutions as well as in the manufacturing of containers, jars, and bottles
• In 2020, North America accounted for the highest revenue share of more than 42% owing to high demand for 3D printing filaments and easy accessibility of raw materials in the region
• The packaging end-use segment of the U.S. dominated the overall regional market of North America and is anticipated to maintain its dominance over the forecast period
• In 2020, China led the Asia Pacific market, accounting for nearly 53% of the overall revenue share, owing to high demand for the product in end-use sectors including automotive & transport, agriculture, appliances, electronics, and textile

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Polylactic Acid Market Segmentation

Grand View Research has segmented the global polylactic acid market on the basis of end-use and region:

PLA End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Packaging
• Agriculture
• Automotive & Transport
• Electronics
• Textile
• Others

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Malaysia
  • Philippines
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Polylactic Acid (PLA) Market

• Total Corbion PLA
• NatureWorks LLC
• COFCO
• Futerro
• Jiangxi Keyuan Bio-Material Co., Ltd.
• Zhejiang Hisun Biomaterials Co., Ltd.
• Shanghai Tong-Jie-Liang Biomaterials 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.

Reclaimed Lumber Market Poised to Expand at a Robust Pace of USD 70.37 Billion Over 2028: Grand View Research Inc.

 Reclaimed Lumber Market Growth & Trends

The global reclaimed lumber market size is expected to reach USD 70.37 billion by 2028 registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The global market is fueled by increasing awareness about the product among building material consumers and rising demand for green building materials.

The global industry growth is also credited to the burgeoning demand for wood-based products in flooring, furniture, paneling & siding, and architectural millwork owing to their durability and aesthetics. The antique look and aesthetic appeal offered by these products are the major factors responsible for its high demand.

Increased penetration of the product in the construction industry due to factors, such as its eco-friendly nature, availability of a wide range of products under LEED certifications, and rising adoption of green building construction materials, is expected to augment the market growth over the forecast period.

Key market players majorly focus on offering high-quality materials to their customers and follow a focused cost leadership. The companies attempt to diversify their business through consistent quality and better customer service. New entrants or small market players prefer to develop a strategic relationship with local end-users, such as furniture manufacturers or construction contractors, who consume a large portion of the products.

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Reclaimed Lumber Market Report Highlights

• The furniture application segment dominated the market in 2020 and is expected to retain the leading position throughout the forecast period
• This growth can be attributed to the high product penetration in commercial and residential construction sectors
• The commercial end-use segment led the market in 2020 and is expected to witness the fastest growth from 2021 to 2028
• The segment growth is credited to the extensive product usage in commercial applications as it offers aesthetic appeal and high durability & strength
• Asia Pacific is estimated to witness the fastest CAGR of 5.6%, in terms of revenue, owing to the increasing awareness regarding the use of salvaged wood and the potential of the region’s construction industry
• China dominated the Asia Pacific regional market and is expected to witness a CAGR over the forecast years due to its vast wood-based construction industry and increasing awareness regarding the reduction of Greenhouse Gas (GHG) emissions in the country
• The market witnesses increased integration of companies across the value chain. The companies attempt to diversify their business through consistent quality and better customer service

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Reclaimed Lumber Market Segmentation

Grand View Research has segmented the global reclaimed lumber market on the basis of application, end-use, and region:

Reclaimed Lumber Application Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2017 - 2028)

• Flooring
• Paneling & Siding
• Beams
• Furniture
• Others

Reclaimed Lumber End-use Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2017 - 2028)

• Residential
• Commercial
• Industrial

Reclaimed Lumber Regional Outlook (Volume, Million Sq. m.; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Russia
• Asia Pacific
  • China
  • Japan
• Rest of the World
  • Brazil
  • South Africa

List of Key Players of Reclaimed Lumber Market

• Vintage Timberworks, Inc.
• Carpentier Hardwood Solutions, NV
• Imondi Flooring
• TerraMai
• Jarmak Corporation
• Elemental Republic
• Olde Wood Ltd.
• Trestlewood
• True American Grain Reclaimed Wood
• Beam and Board, LLC
• Altruwood

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. Revenue Cycle Management Market Projected to Discern Stable Expansion by 2028

 U.S. Revenue Cycle Management Market Growth & Trends

The U.S. revenue cycle management market size is projected to reach USD 286.7 billion by 2028, according to a new report by Grand View Research, Inc. This market is expected to expand at a CAGR of 11.2% over the forecast period. An increase in pressure on healthcare providers to implement revenue cycle management (RCM) solutions, the rise in adoption of Consumer-driven Healthcare (CDH) accounts, and growth in the number of collaborations in the market are the major factors driving the industry growth.

The integrated product type segment accounted for the largest revenue share of over 70% in 2020 and is expected to grow at the fastest CAGR over the forecast period. These systems provide seamless access to clinical data from Electronic Health Records (EHRs) and similar databases. For instance, according to a news article published by Cerner Corp. in 2020, fully integrated EHR systems provided by the company are proving to be beneficial and providing improvements in the RCM systems at the San Juan Regional Medical Center. Hence, the rising adoption of integrated systems is likely to fuel the segment growth during the forecast period.

On the basis of delivery mode, the web-based segment accounted for the highest revenue share in 2020. Key factors responsible for this growth included affordability, rapid Return on Investment (RoI), and ease of deployment of these systems. On the other hand, the cloud-based segment is expected to grow at the fastest CAGR over the forecast period. Based on sourcing, the outsourcing segment is expected to register the fastest growth rate over the forecast period. There is a rise in the demand for services outsourcing during the Covid-19 pandemic owing to the rapidly increasing inpatient volume, claim fluctuations and staff productivity.

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U.S. Revenue Cycle Management Market Report Highlights

• The market was valued at USD 120.7 billion in 2020 and is anticipated to grow at a CAGR of 11.2% over the forecast period
• In 2020, the services segment is predicted to account for the largest market share growing at the fastest CAGR from 2021 to 2028
• This growth is credited to the increased demand for service outsourcing due to the dearth of skilled labor, shortage of resources, and rising healthcare costs in the U.S.
• The software segment is also projected to witness significant growth over the forecast period owing to the rising adoption and penetration of software-based solutions in the market
• In 2020, the integrated systems product type segment accounted for the largest revenue share owing to the increasing demand for these systems to eliminate human errors and speeding up the administrative functions

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U.S. Revenue Cycle Management Market Segmentation

Grand View Research has segmented the U.S. revenue cycle management market on the basis of end user, product type, component, delivery mode, physician specialty, sourcing, and functions:

U.S. RCM End-user Outlook (Revenue, USD Billion, 2016 - 2028)

• Hospitals
• Physician & Clinical Services

U.S. RCM Product Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Integrated System
• Standalone System

U.S. RCM Component Outlook (Revenue, USD Billion, 2016 - 2028)

• Software Solution
• Services

U.S. RCM Delivery Mode Outlook (Revenue, USD Billion, 2016 - 2028)

• On-premise
• Web-based
• Cloud-based

U.S. RCM Physician Specialty Outlook (Revenue, USD Billion, 2016 - 2028)

• Oncology
• Cardiology
• Anesthesia
• Radiology
• Pathology
• Pain Management
• Emergency Services
• Others

U.S. RCM Sourcing Outlook (Revenue, USD Billion, 2016 - 2028)

• In-house
• External Apps/Software
• Outsourced Services

U.S. RCM Functions Outlook (Revenue, USD Billion, 2016 - 2028)

• Product Development
• Member Engagement
• Network Management
• Care Management
• Claim Management
• Risk and Compliances

List of Key Players of U.S. Revenue Cycle Management (RCM) Market

• The SSI Group, Inc.
• McKesson Corp.
• AllScripts Healthcare, LLC
• Athenahealth, Inc.
• Epic Systems Corp.
• NXGN Management, LLC
• Oncospark, Inc.
• eClinicalWorks

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.

Ceiling Tiles Market is Estimated to Grow at a CAGR of 8.8% by 2028|Key Industry Participants USG Corporation, ROCKWOOL International A/S

 

Ceiling Tiles Market Growth & Trends

The global ceiling tiles market size is expected to reach USD 11.66 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a revenue-based CAGR of 8.8% during the forecast period. The growth in commercial construction activities, driven by the construction of new office spaces, malls, hospitals, and hotels, is expected to drive the market growth over the forecast period.

Ceiling tiles are primarily utilized for providing thermal & acoustic insulation to buildings. The key materials used for making ceiling tiles such as metal, gypsum, mineral wool, and cork have high noise reduction capability, have less weight, and are much more environmentally friendly as compared to conventional materials used for making buildings.

An increase in demand for designing decorative interiors in the construction sector has led to a rise in the usage of advanced printing & designing technologies in the construction materials industry. Innovation for aesthetics enhancement of non-residential buildings is anticipated to open new opportunities for growth in terms of improving the energy efficiency of buildings, along with high acoustic insulation levels.

The industry players use different distribution channels such as wholesale selling, third-party agreements, direct supply, and also via online portals. The major players in the industry collaborate with distributors in different countries, for expansion of their geographic portfolio and serve a bigger customer radius.

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Ceiling Tiles Market Report Highlights

• The mineral wool segment is expected to witness the fastest growth from 2021 to 2028, expanding at a CAGR of 9%, on account of superior characteristics such as less weight, acoustic insulation, recyclability, and thermal insulation
• Non-residential application dominated the market in 2020 and is expected to reach USD 10.7 billion by 2028, owing to high investments towards commercial space development in several developing countries such as India, Brazil, and South Korea
• Asia Pacific is estimated to witness the fastest growth of 10.3%, owing to rising consumer disposable income in several developing countries in the region, leading to the adoption of modern construction practices
• The demand is expected to be hampered owing to an outbreak of the COVID-19 pandemic in 2020. Governments in major economies such as U.S., India, South Korea, U.K., Germany, and Italy, restricted several ongoing construction projects to prevent transmission of the virus
• The market consists of several global and regional players providing a diversified range of products, thus leading to high competition in the industry. Strategies followed by key players include mergers and acquisitions, and vertical integration to gain a competitive edge in the market

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Ceiling Tiles Market Segmentation

Grand View Research has segmented the global ceiling tiles market based on product, application, and region:

Ceiling Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Mineral Wool
• Metal
• Gypsum
• Others

Ceiling Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Non-Residential
• Residential
• Industrial

Ceiling Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • Belgium
  • Austria
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Ceiling Tiles Market

• AWI Licensing LLC
• USG Corporation
• Knauf Gips KG
• ROCKWOOL International A/S
• Odenwald Faserplattenwerk GmbH
• Saint-Gobain Gyproc
• SAS International
• BYUCKSAN
• HIL Limited
• Hunter Douglas
• KET Ceiling

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.

Specialty Gas Market to Expand with Significant CAGR During 2021– 2028: Grand View Research Inc.

 

Specialty Gas Market Growth & Trends

The global specialty gas market size is expected to reach USD 18.22 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.8% from 2021 to 2028. Increased preference for specialty gases in the healthcare sector owing to an increased rate of applicability in medical applications is a driving factor for the strong market growth.

Increased rate of applicability in key applications such as manufacturing (welding and cutting, lighting, laser, chemicals), healthcare (medical devices, pharmaceutical drugs manufacturing, anesthetic), electronics (flat panel displays, semiconductor devices), and analytical and calibration instruments are expected to drive market growth.

The manufacturing and electronics industries are flourishing at an increased rate in emerging economies of Asia Pacific. Government initiatives to strengthen analytical testing capabilities, growing expenditure on drugs and medical devices by public health organizations, technological advancement, and government investments in the healthcare and electronics industries are increasing the demand for specialty gas.

Prevailing energy and environment-friendly practices coupled with growing societal awareness towards green products and solutions are anticipated to develop more stringent environmental and emission norms over the forecasted period. Furthermore, key players such as Air Liquide, Praxair, Inc., Linde AG, etc. are developing clean technologies and introducing innovative solutions that will lower emissions and pollutants.

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Specialty Gas Market Report Highlights

• Carbon gases was the largest segment by product capturing over 26% of the market share in 2020. Carbon gases are obtained from various natural sources and used by end-use industries such as chemicals, oil, food and beverages, etc. Majorly carbon dioxideand carbon monoxide have an increasing demand in the market owing to the high applicability rate in many industrial applications
• The healthcare segment is anticipated to reach USD 4.66 billion in 2027. Specialty gases are used on large scale in devices such as nuclear magnetic resource imaging, magnetic resonance imaging, and ophthalmology, etc.
• Asia Pacific region captured the largest regional segment in 2020 accounting for USD 4.20 billion owing to steady capacity expansions by surgical instruments, defense equipment, electronics, cotton, textiles industries, and a growing number of new applications of specialty gases is expected to drive market growth
• The market is competitive with key participants involved in R&D and constant innovation done by the vendors has become one of the most important factors for companies to perform in this industry. Key manufactures include Air Liquide S.A., Air Products and Chemicals, Inc., Iwatani Corporation, Linde plc, and Messer Group GmbH.

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Specialty Gas Market Segmentation

Grand View Research has segmented the global specialty gas market based on product, application, and region:

Specialty Gas Product Outlook (Revenue, USD Million, 2016 - 2028)

• Ultra-high Purity
• Noble
• Carbon
• Halogen
• Other

Specialty Gas Application Outlook (Revenue, USD Million, 2016 - 2028)

• Manufacturing
• Electronics
• Healthcare
• Institutional
• Other

Specialty Gas Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Specialty Gas Market

• Linde plc
• Air Liquide International S.A.
• Messer Group GmbH
• Air Products and Chemicals, Inc.
• Weldstar, Inc.
• Mesa Specialty Gases & Equipment
• Norco Inc.
• Taiyo Nippon Sanso Corporation
• Showa Denko K.K.

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.

Thermal Paper Market to Reach $6.03 Billion by 2028

 Thermal Paper Market Growth & Trends

The global thermal paper market size is expected to reach USD 6.03 billion by 2028 registering a CAGR of 5.2%, according to a new report by Grand View Research Inc. The growing product usage in tags & labels in the food & beverages and pharmaceutical industries is expected to drive the market growth over the forecast period. The rapid growth of the retailing industry in India, China, Indonesia, Brazil, UAE, and Saudi Arabia is boosting the use of retail transactions through PoS terminals. In addition, strict labeling norms in the food & beverages and pharmaceutical industries are further expected to boost the product demand.

The growing popularity of the gaming and casino industry across the world is also expected to provide a significant boost to the global market. Las Vegas, Singapore, and Macao are some of the most popular destinations that have gained prominence due to their gaming and casino industry. Increasing footfall at these places is expected to prove beneficial to the market growth. Companies in the Asia Pacific, particularly in Japan, have established their production units as well as strategic business channels in Europe and the U.S to cater to the buyers at the domestic level. Some of the manufacturers have formed partnerships with local roll converters for ensuring product supply to their consumers.

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Thermal Paper Market Report Highlights

• In China, the tags & label segment is expected to grow at a CAGR 6.9% over the forecast period on account of growing product adoption in tags & labels in the food & beverages and retailing industries of the country
• In 2020, the revenue for the PoS application segment in the North America region stood at USD 709.6 million owing to the wide use of PoS machines at supermarkets, cafeterias, gas stations, and retail stores
• In Germany, the market is anticipated to reach USD 264.7 million by 2028 on account of increasing product usage in tags & labels for inventory management purposes in the regional manufacturing industry
• The PoS application segment in India is expected to register a CAGR of 11.4% over the forecast owing to the continued efforts by the Government of India to promote various types of cashless transaction modes
• With the growing restrictions of Bisphenol A-based products, manufacturers are progressively launching phenol-free thermal paper products in key markets

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

Thermal Paper Market Segmentation

Grand View Research has segmented the global thermal paper market on the basis of application and region:

Thermal Paper Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Point-of-Sale (PoS)
• Lottery & Gaming
• Tags & Labels
• Others

Thermal Paper Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Thermal Paper Market

• Ricoh Company, Ltd.
• Oji Holdings Corporation
• MPM Ltd.
• Appvion Incorporated
• Jujo Thermal Ltd.
• Lecta Group

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.

Antimicrobial Coatings Market Revenue Sales to Reach $21.5 Billion by 2028| Key Industry Participants Diamond Vogel, Dow Microbial Control

 

Antimicrobial Coatings Market Growth & Trends

The global antimicrobial coatings market size is anticipated to reach USD 21.5 billion by 2028, registering a CAGR of 13.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing concerns among consumers and various manufactures about cleaning and preventing the growth of bacteria, mold, and fungi on buildings, equipment, etc. are expected to drive the product demand.

The product demand is expected to increase in the medical devices and packaging application industry owing to the rising cases of Covid-19 around the world. The continuously growing demand for medical devices and packaging products for Covid-19 will positively affect the market. North America is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

Silver-based biocides are widely used in medical applications owing to their excellent antimicrobial properties. Recently, a new U.S.-based othiazolin-based biocide, n-butyl-1,2-benzisothiazolin-3-one is also used as an antimicrobial agent to prevent the spread of germs. Moreover, the rising demand for implantable medical devices and the increasing burden of Cardiovascular Diseases (CVDs) is expected to aid the overall demand over the next eight years.

On the basis of product, the global market is segmented into antimicrobial powder coatings and surface modification & coatings. The surface modification & coatings segment was the prominent product segment and accounted for the largest revenue share of over 53% in 2020. The antimicrobial powder product segment is expected to witness the fastest CAGR over the forecast period due to the high demand for silver-based, copper-based, and other coatings. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, high thermal stability, and protection against microbial growth.

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Antimicrobial Coatings Market Report Highlights

• The mold remediation application segment is expected to register the highest CAGR, in terms of revenue, over the forecast period
• The cost involved in remediating a mold-infested building can be staggering, especially when the building has inferior coatings, which is anticipated to be a primary factor for the high growth rate of the segment
• In terms of volume, the air conditioning and ventilation segment accounted for the maximum share of over 22% in 2020
• These products help deter the growth of micro-organisms in Heating, Ventilation & Air Conditioning (HVAC) systems
• North America accounted for the highest revenue share in 2020 and will retain the leading position throughout the forecast period
• The market in the U.S. is projected to witness a CAGR of 13.7% from 2021 to 2028 due to the high demand for advanced medical devices & healthcare services
• The availability of well-developed healthcare infrastructure, reimbursement coverage, and rising Covid-19 cases in the country are anticipated to drive the demand for advanced medical devices& healthcare services

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Antimicrobial Coatings Market Segmentation

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

Antimicrobial Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Antimicrobial Powder Coatings
  • Silver
  • Copper
  • Other
• Surface Modifications & Coatings
  • Coli
  • Listeria
  • Pseudomonas
  • Others

Antimicrobial Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Sanitary Facilities & Kitchen
• Air Conditioning & Ventilation Systems
• Food Processing & Packaging
• Antimicrobial Textiles
• Mold Remediation
• Construction
• Medical Devices
• Others

Antimicrobial Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Antimicrobial Coatings Market

• AkzoNobel N.V.
• Nippon Paint Co. Ltd.
• PPG Industries Inc.
• RPM International
• DSM
• The Sherwin Williams Company

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.

Sterilization Equipment Market Is Projected To Reach Approximately $12.60 Billion By 2028: Grand View Research Inc.

 

Sterilization Equipment Market Growth & Trends

The global sterilization equipment market size is expected to reach USD 12.60 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2021 to 2028. The rising incidence of hospital-acquired infections (HAIs), the impact of the COVID-19 outbreak, and the increasing number of surgical procedures are the key factors driving the market.

The recent outbreak of COVID-19 is anticipated to significantly impact the hospital gowns market. The pandemic, caused by the virus SARS-CoV-2, has drastically increased the demand for medicines, emergency supplies, and hospital equipment, including gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. The intermediate host has not been identified yet and the transmission has mainly taken place through fomites and droplets during close unprotected contact between infector and infected. Till now airborne transmission of the virus has not been reported. In December 2019, the first patient was reported in China and since then the disease has spread at a rapid pace. The first case was reported in Wuhan and it has been established that the infection was acquired from a zoonotic source. Thereafter, human-to-human transmission of the virus largely took place in families within Wuhan. From Wuhan, it gradually spread to adjoining locations, such as Hubei, Huanggang, Xiaogan, Ezhou, and Jingzhou.

The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for sterilization equipment. Consequently, the use of sterilization equipment has also increased due to the increasing number of patients in hospitals and clinics. Proper and regular sterilization of medical devices is one of the essential requirements for treating patients suffering from COVID-19. In such cases, demand for sterilization equipment is anticipated to increase, which, in turn, is expected to propel the market growth. Therefore, the outbreak of COVID-19 has significantly impacted the market and can be a high-impact rendering driver for this market.

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Sterilization Equipment Market Report Highlights

• By product, the low-temperature sterilizers segment held the largest share in 2020. It is a widely-accepted technique in healthcare facilities for equipment and devices that can tolerate both heat and moisture
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the rising number of surgeries and the presence of many local players. Moreover, the rising number of cases of COVID-19 in this region is expected to boost the market growth
• North America dominated the market in 2020 owing to the favorable reimbursement policies in the region

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Sterilization Equipment Market Segmentation

Grand View Research has segmented the global sterilization equipment market on the basis of product and region:

Sterilization Equipment Product Outlook (Revenue, USD Million, 2016 - 2028)

• Heat Sterilizers
  • Depyrogenation Oven
  • Steam Autoclaves
• Low-temperature Sterilizers
  • Ethylene Oxide Sterilizers
  • Hydrogen Peroxide Sterilizers
  • Others
• Sterile Membrane Filters
• Radiation Sterilization Devices
  • Electron Beams
  • Gamma Rays
  • Others

Sterilization Equipment Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Sterilization Equipment Market

• STERIS PLC.
• Sterigenics U.S., LLC
• Cantel Medical
• E-BEAM Services, Inc.
• Fortive

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.

Expansion of Bakery Processing Equipment Market During 2021– 2028 to Gain Robust Traction: Grand View Research Inc.

 Bakery Processing Equipment Market Growth & Trends

The global bakery processing equipment market size is expected to reach USD 20.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2021 to 2028. The incorporation of better-for-you ingredients in bakery products and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.

The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.

The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for processed food over the forecast period. Furthermore, the increasing prevalence of advertisements with attractive visuals and the availability of a wide range of flavors in processed food are anticipated to have a positive impact on the demand for processed food, and consequently, processing equipment.

Rising labor costs, coupled with the increasing energy costs and the cost of bakery product ingredients, are expected to compel end-use manufacturers to opt for efficient and advanced bakery processing equipment that can improve the overall production efficiency. In addition, fluctuation in the prices of raw materials, such as stainless steel and polymers, is expected to impact the overall cost of the bakery processing equipment.

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Bakery Processing Equipment Market Report Highlights

• By equipment, mixers and blenders accounted for the second-largest share in 2020 as they are used to improve the production line, increase efficiency, and quickly mix raw materials to produce large quantities of pastries, bread, and other baked goods
• The cakes and pastries application segment accounted for the second-largest share in 2020 owing to the rising disposable income, globalization, and inclination toward western-style diets in Asian countries
• Asia Pacific is likely to expand at the fastest CAGR from 2021 to 2028 owing to the increasing disposable income, the growing spending power of the middle-class population, rapid globalization, and adoption of automated technology
• The growing domestic consumption of various processed food products, such as potato chips, sausages, and bread, in the emerging economies of Asia Pacific and the Middle East owing to the expansion of retail food outlets is expected to stimulate the product demand

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

Bakery Processing Equipment Market Segmentation

Grand View Research has segmented the global bakery processing equipment market on the basis of equipment, application, and region:

Bakery Processing Equipment Outlook (Revenue, USD Million, 2017 - 2028)

• Mixer & Blenders
• Dividers & Rounders
• Molders & Sheeters
• Oven & Proofers
• Others

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

• Bread
• Cakes & Pastries
• Cookies & Biscuits
• Pizza Crusts
• Others

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

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

List of Key Players of Bakery Processing Equipment Market

• Ali Group S.r.l.
• Baker Perkins Limited
• Bühler AG
• GEA Group Aktiengesellschaft
• The Middleby Corporation.
• JBT Corporation
• Anko Food Machine Co., Ltd.
• Markel Food Group
• Koenig Maschinen GmbH
• Heat & Control, 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.