Wealth Management Software Market to Rise at 13.5% CAGR from 2021 to 2028: Grand View Research Inc.

 

Wealth Management Software Market Growth & Trends

The global wealth management software market size is expected to reach USD 9.14 billion by 2028, registering a CAGR of 13.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for efficient investment management, financial planning, and other forms of financial advice. Also, clients with High-Net-Worth (HNW) are seeking financial advice from a financial advisor, thereby driving the market growth.

Numerous businesses across the globe are focusing on taking advice from financial advisors about their financial assets. These advisors provide asset management services to their clients to increase their clients’ wealth. Furthermore, the increasing need to automate the wealth management processes in digital devices is anticipated to propel the global market over the forecast period.

Businesses are widely adopting wealth management software to manage their wealth and automate the workflow of financial processes. This software also helps businesses improve digital involvement through the provision of open architecture and omnibus access that can be easily integrated into numerous wealth administration applications. These aforementioned factors are expected to fuel the market growth over the forecast period.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. Asset and wealth managers are experiencing a time of exponential change. Numerous businesses are focusing on crisis management, finance and liquidity, operations and supply chain, tax and trade. This, in turn, is expected to create growth opportunities for the market players.

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Wealth Management Software Market Report Highlights

• Robo advisory segment is expected to witness significant growth over the forecast period as this platform is widely used to automate portfolio creation based on the income, an input of suitable risk parameters, and other facets of a client’s investment mandate
• Numerous businesses across the globe are focusing on deploying cloud-based solutions as it ensures easy access to data and enables businesses to deliver personalized services to their clients
• The increasing number of small and medium enterprises in various countries is expected to drive market growth over the forecast period
• Financial advisors are widely adopting financial advice and management solution to increase productivity, improve workflow efficiency, and enhance client relationships
• The trading and exchange firms segment is expected to witness significant growth over the forecast period as individuals are increasingly participating in forex and equity to augment their financial gains
• North America is witnessing an increase in the number of HNW individuals. This, as a result, is expected to create growth opportunities for the regional market growth

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Wealth Management Software Market Segmentation

Grand View Research has segmented the global wealth management software market based on advisory mode, deployment, enterprise size, application, end-use, and region:

Wealth Management Software Advisory Mode Outlook (Revenue, USD Million, 2016 - 2028)

• Human Advisory
• Robo Advisory
• Hybrid

Wealth Management Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Wealth Management Software Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Wealth Management Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Financial Advice & Management
• Portfolio, Accounting, & Trading Management
• Performance Management
• Risk & Compliance Management
• Reporting
• Others

Wealth Management Software End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Banks
• Investment Management Firms
• Trading & Exchange Firms
• Brokerage Firms
• Others

Wealth Management Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Wealth Management Software Market

• Comarch SA
• Dorsum Ltd.
• Fidelity National Information Services, Inc.
• Finantix
• Fiserv, Inc.
• Objectway S.p.A.
• Profile Software
• SEI Investments Company
• SS&C Technologies Holdings, Inc.
• Temenos Headquarters SA

About Grand View Research

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

Disposable Surgical Devices Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Disposable Surgical Devices Market Growth & Trends 

The global disposable surgical devices market size is expected to reach USD 9.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.8% from 2021 to 2028. The growing prevalence of chronic diseases, such as cardiovascular, neurological, urological, and infectious disorders, is expected to drive the overall market. Chronic diseases are a global healthcare concern, with over half of the adult population in the U.S. suffering from them, resulting in over 75% of the total healthcare expenditure. Thus, a rise in infectious and chronic diseases is expected to create a significant demand for disposable surgical devices.

Cancer has become a significant healthcare burden and a leading cause of death across the globe. According to the WHO, almost 1 in 6 deaths can be attributed to this disease. Estimates from the same source indicate that over 70% of cancer-related deaths typically occur in middle- and low-income countries. Thus, a steady rise in the number of curative, preventive, and diagnostic cancer surgeries has been observed globally, creating a high demand for disposable surgical equipment.

The growing number of road accidents is expected to augment the demand for disposable surgical instruments. According to the WHO, around 10 million people are injured or disabled due to road accidents every year, creating a demand for surgeries. Such wounds are commonly managed using surgical sutures. Hence, the increasing number of road accidents is expected to positively impact demand for disposable surgical sutures and staplers.

The increasing government initiatives for the usage of disposable medical devices to avoid hospital-associated infections are expected to boost the usage of single-use devices. The growing number of surgical procedures is expected to increase the need for disposable surgical devices. 

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Disposable Surgical Devices Market Report Highlights

• Based on product, surgical sutures and staplers held the largest share in 2020 owing to the increasing road accidents, leading to the adoption of wound closure surgeries. Electrosurgical devicesare expected to witness the fastest growth over the forecast period due to the growing usage of disposable electrosurgical devices in outpatient settings, such as ambulatory surgical centers
• By application, general surgery held the largest share in 2020 owing to the growing demand for general surgeries to avoid the transmission of infection, which is increasing the need for disposable surgical devices
• The plastic and reconstruction surgery application segment is expected to grow at the fastest rate over the forecast period. The growing number of plastic surgeries in various countries, such as the U.S., Brazil, and Mexico, is expected to propel the need for disposable surgical devices for the same
• North America held the largest share in 2020 on account of the high prevalence of chronic diseases in countries, like the U.S., and the growing adoption of disposable surgical devices in the region
• Asia Pacific is expected to register the fastest growth rate during the forecast period owing to the increasing road accidents in the region and the presence of a large patient pool seeking surgery

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Disposable Surgical Devices Market Segmentation

Grand View Research has segmented the global disposable surgical devices market based on product, application, and region:

Disposable Surgical Device Product Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical Sutures & Staplers
• Handheld Surgical Devices
• Electrosurgical Devices

Disposable Surgical Device Application Outlook (Revenue, USD Million, 2016 - 2028)

• Neurosurgery
• Plastic & Reconstructive Surgery
• Wound Closure
• Obstetrics & Gynecology
• Cardiovascular
• Orthopedic
• General Surgery
• Others

Disposable Surgical Device Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Disposable Surgical Devices Market

• Braun Melsungen AG
• Smith & Nephew plc
• Aspen Surgical
• Alcon Laboratories, Inc.
• Zimmer Biomet
• Medtronic
• Becton, Dickinson and Company
• Ethicon
• CooperSurgical Inc.
• Surgical Innovations

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.

Europe Passive Fire Protection Market To Benefit from Increased Global Uptake of 2021 By 2028

 Europe Passive Fire Protection Market Growth & Trends

The Europe passive fire protection market size is expected to reach USD 1.4 billion by 2028, registering a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable fire safety regulations coupled with rising demand for fire protection in steel, oil and gas, and construction industries are likely to drive the market.

The construction of buildings is changing as new building designs usually feature open spaces with few barriers. In addition, buildings are becoming increasingly airtight and insulated with more combustibles within the building structure. These changes cause a fire in buildings that spread faster and become more hazardous, thereby driving the market.

In most European countries, the national government establishes fire regulations, which are usually in line with the regulations proposed by the European Union. With the amendments to the Regulatory Reform Order and introduction of CE marking, the construction industry in Europe has witnessed an increased demand for effective and compliant fire protection products.

The rapid spread of the COVID-19 in Europe resulted in containment measures in almost the entire region. This resulted in restrictions on construction activities, i.e., either complete or partial shutdowns. Since, the market is directly related to its penetration in construction activities, a downturn in the industry is anticipated to restrict the market growth.

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Europe Passive Fire Protection Market Report Highlights 

• The intumescent coatingssegment accounted for 30.0% of the revenue share in 2020, owing to the rising product demand attributed to their lightweight, faster drying properties, and the ability to attain attractive finish along with their suitability for offsite applications
• The product penetration in the oil and gas industry is estimated to witness a CAGR of 3.4% from 2021 to 2028, in terms of revenue, owing to the rising investments by oil and gas companies in E&P activities and set up of new refining capacities in the region
• The U.K. accounted for 14.3% of the Europe revenue in 2020 owing to the rising awareness pertaining to fire safety coupled with the increasing number of policies by the U.K. government, including the HSE business plan
• In Russia, the market is estimated to witness a CAGR of 3.5% from 2021 to 2028 on account of the government’s focus on increasing the level of fire safety in public facilities coupled with modernization efforts to upgrade existing factories across the country

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Europe Passive Fire Protection Market Segmentation

Grand View Research has segmented the Europe passive fire protection market on the basis of product, end-use, and country:

Europe Passive Fire Protection Product Outlook (Revenue, USD Million, 2017 - 2028)

• Cementitious Materials
• Intumescent Coatings
• Fireproofing Cladding
• Others

Europe Passive Fire Protection End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Oil & Gas
• Construction
• Industrial
• Warehousing
• Others

Europe Passive Fire Protection Country Outlook (Revenue, USD Million, 2017 - 2028)

• Czech Republic
• France
• Germany
• Italy
• Poland
• Romania
• Russia
• Spain
• K.

List of Key Players of Europe Passive Fire Protection Market

• 3M
• RPM International Inc.
• Hempel A/S
• The Sherwin-Williams Company
• Hilti
• Mercor Tecresa
• Etex Group
• Rudolf Hensel GmbH
• Rolf Kuhn GmbH

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.

Virtual Clinical Trials Market Insights Business Opportunities, Current Trends And Forecast 2028: Grand View Research Inc.

 Virtual Clinical Trials Market Growth & Trends

The global virtual clinical trials market size is expected to reach USD 11.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. The need for patient diversity clubbed with enhanced data collection in clinical trials is boosting virtual/decentralized clinical trials (DCTs) market growth.

There has been a rise in the R&D of new drugs and vaccines that has increased the volume and complexity of the trials. Virtual clinical studies eliminate challenges posed by traditional research studies, for example, delays in patient recruitment and time-consuming procedures. Also, studies have revealed that around 75.0% of people favored a mobile trial over traditional ones and 80.0% of patients are more likely to participate in a research study that uses mobile technology.

The current pandemic of COVID-19 is making the clinical trial industry change the way of conducting ongoing or upcoming research studies. The pandemic, for the first time in history, has resulted in the global disruption of traditional onsite research studies. Hence, the regulatory bodies such as the U.S. FDA, the European Medicines Agency (EMA), the National Institutes of Health (NIH), and China’s National Medical Products Administration (NMPA), and several other regulating authorities have issued guidelines related to the conduct of research studies during the outbreak of coronavirus, and are in complete support of incorporating virtual services.

Virtual research studies make use of monitoring devices, software apps, and online social engagement platforms to conduct every step of the clinical trial process including patient recruitment, counseling, measuring clinical endpoints, informed consent, and adverse reactions. Telehealth, home care, and remote patient monitoring have been gaining momentum as a healthcare offering, and the COVID-19 is adding more horsepower to this initiative.

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Virtual Clinical Trials Market Report Highlights

• The oncology segment held 25.0% of the market share in 2020. The increasing adoption of virtual trials especially in oncology research for the diverse population is responsible for the growth of the segment
• The interventional design segment accounted for the largest revenue share of 46.6% in 2020
• North America held 49.4% of the market share in 2020, in terms of revenue. Favorable government initiatives and the presence of large numbers of players in the U.S. offerings advanced services are responsible for market growth
• In Asia Pacific, the market is expected to witness the fastest CAGR of 6.8% over the forecast period owing to the increasing patient pool and cost-efficient services

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Virtual Clinical Trials Market Segmentation

Grand View Research has segmented the global virtual clinical trials market based on study design, indication, and region:

Virtual Clinical Trials Study Design Outlook (Revenue, USD Million, 2016 - 2028)

• Interventional
• Observational
• Expanded Access

Virtual Clinical Trials Indication Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Cardiovascular
• Others

Virtual Clinical Trials Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Virtual/Decentralized Clinical Trials (DCTs) Market

• ICON, plc
• Parexel International Corporation
• IQVIA
• Covance
• PRA Health Sciences
• LEO Innovation Lab
• Medidata
• Oracle
• CRF Health
• Clinical Ink, Inc.
• Medable, 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.

Filters Market Size, Share, Trends, Analysis And Growth Forecast To 2028: Grand View Research Inc.

 Filters Market Growth & Trends

The global filters market size is expected to reach USD 101.88 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. The growing demand for filters from the automobile industry to reduce the emission levels owing to the regulations by several agencies, such as the U.S Environment Protection Agency (EPA) and Department of Energy (DOE), is expected to drive the market over the forecast period.

The market is expected to witness significant growth over the forecast period owing to the rise in product demand from the water and wastewater treatment industry. The governments across various developing countries are emphasizing the development of water treatment infrastructures to provide safe water to their citizens for various purposes, such as drinking, sanitation, and cooking.

The increasing concerns regarding clean air are also anticipated to boost the growth of the air filtration industry over the forecast period. The rise in disposable income, rapid urbanization, and health concerns have resulted in people investing significantly in air purifier systems for domestic use. This shift in consumer behavior is expected to positively impact the market growth over the forecast period.

The industry exhibits a large number of established players controlling a significant market share. Key players are focused on research and development activities for the development of new products and services in the market to enhance their service offerings, thereby attaining business growth in the market.

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Filters Market Report Highlights

• By product, air filters are expected to exhibit the fastest CAGR of 6.1% from 2021 to 2028 on account of the high product penetration in air filtration products, such as air purifiers
• The motor vehicles application segment dominated the market in 2020 owing to the extensive product use in the automobile industry to reduce the fuel consumption levels and the rapid growth of the automobile industry
• Asia Pacific is estimated to exhibit the fastest CAGR over the forecast period owing to the growing product demand in industries, such as chemicals, power generation, metal processing, and cement, to reduce the greenhouse gas emissions
• The demand for filters is expected to be hampered owing to the COVID-19 pandemic in 2020. Lockdowns in major countries led to the temporary closure of various industries and automobile production units to limit the spread of the virus
• The companies are emphasizing the development of new sustainable products to offer improved efficiency and better value to the customers. Extension of products and service offerings to customers is also one of the primary strategies employed by the companies

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Filters Market Segmentation

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

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

• Fluid Filters
• ICE Filters
• Air Filters

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

• Motor Vehicles
• Consumers Goods
• Utilities
• Industrial & Manufacturing
• Others

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

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

List of Key Players of Filters Market

• 3M
• Airex Filter Corporation
• Koch Filter
• Freudenberg Filtration Technologies SE & Co. KG
• Donaldson Company, Inc.
• Camfil AB
• Parker Hannifin Corporation
• DENSO Corporation
• Clark Air Systems
• Spectrum Filtration Pvt. 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.

Textile Market Poised to Expand at a Robust Pace Over 2028

 

Textile Market Growth & Trends

The global textile market size is anticipated to reach USD 1412.5 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. Rising consumer awareness coupled with fast pace changing trends in the fashion industry is projected to drive the market.

The rise in the e-commerce platforms that support sales and distribution of different types of products manufactured by the industry is expected to drive the demand. In addition, stringent government regulations to ensure labor safety is compelling the demand for personal protective clothing that requires wool or treated cotton as raw material, which is fueling the market growth.

Increasing demand for medical textiles in the healthcare industry due to the rise in awareness towards health and hygiene is adding growth prospects to the industry. Moreover, increased concern towards the environment is propelling the demand for sustainable and natural-fibers such as cotton, hemp, linen, silk, and others, which, in turn, is adding growth prospects to the market.

The rising adoption of technological components in fabrics to monitor external stimuli and translate them into data is propelling the growth of smart textiles. These products have a wide range of applications in fashion, entertainment, transportation, medical, and other industries, which are expected to open new technological avenues required in the production of textile products over the forecast period.

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Textile Market Report Highlights

• Cotton raw-material-based textile products are expected to witness a CAGR of 4.4% over the forecast period on account of their high production and availability across various prominent regions including North America, Europe, and Asia Pacific
• In 2020, fashion emerged as the largest application segment with a revenue share of 74.3% and is likely to ascend at a significant rate during the forecast period owing to rapidly changing fashion trends, coupled with the demand for high-quality apparel required in sports activities
• In 2020, Asia Pacific emerged as the largest market that accounted for over 47.0% of the total revenue, owing to the presence of highly populated economies such as China, India, Australia, and Japan
• In North America, the natural-fibers product segment accounted for revenue share equivalent to USD 57.7 billion in 2020 and is anticipated to gain higher shares in the upcoming period on account of rising demand from the fashion, sports, and apparel industries
• Prominent players in the market are establishing business units in the raw-material producing regions for easy raw-material procurement and economical labor. Moreover, government support and policies such as trade agreements and investment within the countries are expected to influence the market

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Textile Market Segmentation

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

Textile Raw Material Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Cotton
• Chemical
• Wool
• Silk
• Others

Textile Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Natural-Fibers
• Polyesters
• Nylon
• Others

Textile Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Household
  • Bedding
  • Kitchen
  • Upholstery
  • Towel
  • Others
• Technical
  • Construction
  • Transport
  • Medical
  • Protective
• Fashion & clothing
  • Apparel
  • Ties & Clothing accessories
  • Handbags
  • Others
• Others

Textile Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Turkey
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa (MEA)
  • Saudi Arabia
  • Iran

List of Key Players of Textile Market

• BSL Limited
• INVISTA S.R.L.
• Lu Thai Textile Co., Ltd.
• Paramount Textile Limited
• Paulo de Oliveira, S.A.
• Successori REDA S.p.A.
• Shandong Jining Ruyi Woolen Textile Co. Ltd.
• Sinopec Yizheng Chemical Fibre Company Limited
• China textiles Ltd.
• Rhodia SA
• Li & Fung Group
• Modern Woollens Ltd.
• Mayur Suitings
• JCT Limited

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.

Catheters Market Industry Outlook & Future Forecast Report Till 2028: Grand View Research Inc.

 

Catheter Market Growth & Trends

The global catheter market size is anticipated to reach USD 74.84 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The increasing prevalence of chronic diseases and improving medical facilities are some of the prime attributes boosting the market growth. Moreover, the rapidly growing geriatric population base has led to increased hospitalization rates and surgeries, which is anticipated to boost the market growth.

The rise in the prevalence of various chronic disorders, such as cardiovascular disorders, urology disorders, strokes, and other chronic conditions, is expected to increase the demand and use of catheters in medical settings. As per the WHO, every year, 41 million people die due to chronic illnesses, which accounts for 71% of all deaths globally and 60% of the global burden of disease in 2020. Thus, with the rise in these diseases, the use of catheters is bound to increase over the study period. Moreover, an increasing number of people in developing countries of APAC and Latin America are suffering from diabetes owing to factors, such as sedentary lifestyle and dietary irregularities. This, in turn, is expected to boost the use of catheters in medical settings.

Technological advancements play a crucial role in driving the catheters market. For instance, the introduction of miniaturized and antimicrobial catheters to reduce catheter-associated infections is expected to favor the market growth. For instance, Teleflex introduced Arrow acute hemodialysis catheters based on ARROWg+ard Antimicrobial Technology, which is known for its broad-spectrum of antimicrobial protection.

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Catheter Market Report Highlights

• On the basis of product type, the cardiovascular catheters segment dominated the market in 2020 with a share of 28.03% owing to the rise in the prevalence of cardiovascular disorders which, in turn, is increasing the demand for the interventional cardiac procedures
• Based on distribution channel, the hospital stores segment dominated the market in 2020 with a share of 53.83% owing to an increase in the number of hospital admission rates and an upsurge in surgical procedures globally
• North America dominated the market with a revenue share of 32.05% in 2020 owing to the high incidence rate of chronic disorders as well as the availability of highly skilled physicians in this region

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Catheter Market Segmentation

Grand View Research has segmented the global catheters market on the basis of product type, distribution channel, and region: 

Catheter Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiovascular
• Urology
• Intravenous
• Neurovascular
• Specialty

Catheter Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals Stores
• Retail Stores
• Others

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

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

List of Key Players of Catheter Market

• Hollister Incorporated
• Medtronic
• Boston Scientific Corporation
• Edward Lifesciences
• Smith Medical Inc.
• Teleflex Incorporated
• ConvaTec Group Plc
• Cure Medical LLC

About Grand View Research

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

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

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

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-breast-pumps

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

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

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

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

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.