Cell Therapy Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Cell Therapy Market Growth & Trends

The global cell therapy market size is expected to reach USD 23.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.5% from 2021 to 2028. The emergence of new technologies to support the development of advanced cellular therapies has aided in market growth. Companies are leveraging new technologies not only for the expansion of their product portfolio but also for establishing out-licensing or co-development agreements with other entities to support their product development programs.

Cell-based therapies hold great potential for replacing, repairing, restoring, or regenerating damaged tissues, and organs. Researchers are making huge investments in the development of such effective and safe treatments as an alternative to conventional treatment strategies which can be further attributed to the market growth. Out of all therapeutic areas, oncology has the highest number of ongoing clinical trials. T cells, CD34+ and/or CD133+ stem cells, mesenchymal stem/stromal cells are predominantly employed for clinical investigation.

The majority of biopharmaceutical entities have been affected by the COVID-19 pandemic, while several cellular therapy development companies have witnessed a strongly negative impact, which can be attributed to complications in logistics as well as the manufacturing models employed in this industry. In addition, substantial and stable funding is imperative to ensure successful commercial translation of cell-based therapeutics, a factor that was negatively affected in 2020, further affecting the market growth.

A survey conducted recently among executives of more than 15 European and U.S. cellular therapy companies indicated that disruption caused by the pandemic was significant, which demanded market entities to create strategies to sustain themselves and plan the next wave of innovative therapies.

Key issues faced by companies operating in the market include on-time delivery of therapies to patients at required clinical sites. In addition, the administration of these therapeutics poses several post-pandemic challenges. Hospitals are hesitant in offering services, owing to concerns over transmission of SARS-CoV-2, particularly to vulnerable individuals. Moreover, patients have not been able to visit cellular therapy centers either, owing to the lockdowns and travel bans.

Request a free sample copy or view report summary: Cell Therapy Market Report

Cell Therapy Market Report Highlights

• The research-use segment dominated the market and accounted for the highest revenue share in 2020 attributed to extensive research activities for developing effective cell and gene therapies
• Several cells such as neural, epithelial, bone marrow mononuclear, fibroblasts, corneal, antigen-presenting, and chondrocytes, are being explored for the development of novel therapies
• The clinical-use segment is expected to witness relatively slow growth through the forecast period owing to the limited number of FDA-approved cellular therapies
• Moreover, there is a withdrawal of several commercialized products and less number of approved products for clinical-use which further affects the growth of the clinical-use segment
• Based on the therapeutic area, the malignancies segment accounted for the largest revenue share in 2020 owing to the rising application of stem cells in treating various cancers such as acute myeloid leukemia, multiple myeloma, and non-Hodgkin lymphoma
• The autologous therapies segment accounted for the largest revenue share in 2020 and it continues the trend through the forecast period owing to the high survival rate associated with this transplant type and relatively high adoption rate
• The allogenic therapies segment is expected to witness gradual growth through the forecast period owing to the high risk of transplant rejection and high cost associated with allogenic transplants
• North America has emerged as the highest revenue-generating region in 2020 owing to extensive investments made by the federal bodies for expanding cellular therapy research in the region
• In Asia Pacific, the market is expected to witness a lucrative growth rate owing to relatively inexpensive manufacturing and operating units, the presence of a large regional population, and untapped potential

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

Cell Therapy Market Segmentation

Grand View Research has segmented the global cell therapy market on the basis of use-type, therapy type, and region:

Cell Therapy Use-type Outlook (Revenue, USD Million, 2017 - 2028)

• Clinical-use
  • By Therapeutic Area
    • Malignancies
    • Muscoskeletal disorders
    • Autoimmune disorders
    • Dermatology
    • Others
  • By Cell Type
    • Stem Cell Therapies
      • BM, Blood, & Umbilical cord-derived Stem Cells
      • Adipose-derived cells
      • Others
    • Non-stem Cell Therapies
  • Research-use

Cell Therapy Type Outlook (Revenue, USD Million, 2017 - 2028)

• Allogenic Therapies
• Autologous Therapies 

Cell Therapy Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Cell Therapy Market

• Kolon TissueGene, Inc.
• Anterogen Co., Ltd.
• JCR Pharmaceuticals Co., Ltd.
• Castle Creek Biosciences, Inc.
• The Future of Biotechnology, MEDIPOST
• Osiris Therapeutics, Inc.
• PHARMICELL Co., Ltd
• Tameika Cell Technologies, Inc.
• Cells for Cells
• NuVasive, Inc.
• Vericel Corporation
• Celgene Corporation

About Grand View Research

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

Demand Surgical Equipment Market Increasing in Most Part of World 2028

 Surgical Equipment Market Growth & Trends

The global surgical equipment market size is anticipated to reach USD 24.5 billion by 2028 registering a CAGR of 9.8%, according to a new report by Grand View Research, Inc. Developing surgical care infrastructure, the advent of minimally invasive surgical techniques, and increasing cases of cesarean deliveries are the factors contributing significantly to the growth of this market. An increasing number of hospital visits for surgeries, such as hip and knee replacement, hernia repair, gall bladder removal, and other urology ailments, is also anticipated to propel the market growth during the forecast period.

According to the National Joint Registry report published in 2018, the number of knee replacement procedures performed in the U.K. reached 102,177 in 2017 from 81,590 in 2014. Lump-sum payment pertaining to specialty surgical services paired with out-of-pocket-based healthcare in many middle-income countries is expected to restrain the market growth during the forecast period. According to the global surgery 2030 report, each year over 33 million individuals have to face catastrophic expenditure. In addition, due to the limitation of resources, such as personal protective equipment, surgical staff, OR rooms, inpatient beds, and blood products, the surgery appointment for many non-emergent patients was postponed during the pandemic.

This has negatively impacted the sales of surgical equipment in 2020. According to the Healthcare Financial Management Association report, in the U.S. the cancellation and rescheduling rate of elective surgeries in the period of April-July 2020 was approximately 50%. However, currently, with several countries lifting bans on elective surgeries and clinics resuming their surgical services, the demand for surgical equipment, especially single-use devices, is expected to rise driving the market growth.

Request a free sample copy or view report summary: Surgical Equipment Market Report

Surgical Equipment Market Report Highlights

• The surgical sutures & staplers product segment held the largest market share in 2020 and will expand further at a steady CAGR from 2021 to 2028
• This growth is attributed to technological advancements, such as drug-eluting sutures and absorbable staples
• The electrosurgical devices segment is anticipated to register the fastest CAGR of 11.2% during the forecast period
• The obstetrics & gynecology application segment accounted for the largest revenue share in 2020
• However, plastic & reconstructive is estimated to be the fastest-growing application segment at a CAGR of 11.0% over the forecast period
• North America was the leading regional market in 2020 as the U.S. is one of the major suppliers of surgical equipment globally
• The Asia Pacific is expected to be the fastest-growing regional market over the forecast period due to high unmet surgical needs in emerging economies

Access Press Release of Surgical Equipment Market @ https://www.grandviewresearch.com/press-release/global-surgical-equipment-market

Surgical Equipment Market Segmentation

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

Surgical Equipment Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Surgical Sutures & Staplers
• Handheld Surgical Devices
  • Forceps & Spatulas
  • Retractors
  • Dilators
  • Graspers
  • Auxiliary Instruments
  • Cutter Instruments
  • Others
• Electrosurgical Devices

Surgical Equipment Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

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

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

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

List of Key Players of Surgical Equipment Market

• Smith & Nephew plc
• Zimmer Biomet Holdings, Inc.
• Braun Melsungen AG
• Medtronic PLC
• Stryker Corporation
• Ethicon, Inc.
• Aspen Surgical Products, Inc.
• Alcon Laboratories, 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.

Water Flosser Market to Penetrate Untapped Regions During the Forecast Period

 

Water Flosser Market Growth & Trends

The global water flosser market size is expected to reach USD 1.23 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2021 to 2028. Increasing general public awareness regarding oral health care and demographic changes such as age and diversity of population result in an increased focus on oral care, subsequently driving the demand for water flossers.

An increase in effective prevention and treatment efforts by communities and government associations is helping raise awareness about better oral care. For instance, community water fluoridation in the U.S. benefits about 7 of 10 Americans who get water through public water systems. Community water fluoridation helps control the adjustment of fluoride in public water supply systems in order to help prevent tooth decay. These initiatives have resulted in consumers considering oral health as one of the basic health measures.

According to the WHO, severe periodontal (gum) disease, which results in tooth loss, is also a common problem with 10% of the global affected population. Chronic periodontitis affects 47.2% of adults over the age of 30 in the U.S. The effectiveness of water flossers against gum diseases has made this a product of vital importance for those who suffer from chronic periodontitis, thereby boosting the adoption of water flossers. According to several six-month studies conducted during the 1990s on periodontal maintenance patients, it is suggested that water flossers improve the oral health of the demographic by reducing bleeding on probing (BOP) by half in the six-month period.

Cordless water flossers led the global market in 2020, driven by the increasing demand for feasible and portable electronic gadgets. According to clinical findings, these products are 93% more effective in reducing gum bleeding than string floss and 52% more effective in reducing gingivitis. Recognizing the high demand for these products, an increasing number of manufacturers have been aiming to tap into the cordless flosser segment. Some of the most highly recommended and commonly preferred cordless water flossers are Waterpik Cordless Advanced, Waterpik Cordless Plus, Panasonic Dental Water Flosser EW-DJ10-A, and Waterpik Cordless Freedom.

The dental clinic application segment accounted for the largest share of more than 56.0% in 2020. The growing demand for professional dental care due to the rising cases of oral diseases is a key factor driving the segment. According to the United Health Foundation, in 2019, 67.6% of adults in the U.S. reported visiting the dentist or dental clinic that year.

Request a free sample copy or view report summary: Water Flosser Market Report

Water Flosser Market Report Highlights

• In terms of value, the dental clinic application segment dominated the market with a share of over 56.0% in 2020
• In terms of value, the cordless product segment dominated the market with a share of 66.4% in 2020 and is projected to witness the highest growth over the forecast period
• North America dominated the global market by accounting for a 36.0% share in 2020
• The market for water flosser is characterized by the presence of several well-established players that hold a significant market share, have diverse product portfolios, and a strong presence across the globe

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

Water Flosser Market Segmentation

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

Water Flosser Product Outlook (Revenue, USD Million, 2016 - 2028)

• Cordless
• Countertop

Water Flosser Application Outlook (Revenue, USD Million, 2016 - 2028)

• Dental Clinics
• Hospitals
• Home Care

Water Flosser Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Water Flosser Market

• The Procter & Gamble Company
• Koninklijke Philips N.V.
• Fly Cat Electrical Co., Ltd.
• Hydro Floss (Oral Care Technologies, Inc.)
• Panasonic Corporation
• Water Pik Inc.
• ToiletTree Products Inc.
• Aquapick Co. Ltd.
• JETPIK Corporation

About Grand View Research

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

Cryotherapy Market is Projected to Grow at a CAGR of 10.3% during the Forecast Period: Grand View Research Inc.

 

Cryotherapy Market Growth & Trends

The global cryotherapy market size is expected to reach USD 8.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2021 to 2028. The introduction of advanced cryotherapy devices, increasing R&D investments, and the growing prevalence of chronic conditions such as cancer and arthritis are expected to propel market growth.

Approval and introduction of technologically advanced cryotherapy devices by key players operating in the space are anticipated to significantly support market growth during the forecast period. For instance, in June 2020, Beaver Visitec International (BVI), a U.S.-based ophthalmic devices manufacturer, launched its new CryoTreq, a handheld cryo-surgery device in the European market. This newly launched device is approved for the treatment of retinal tears and detachments. Similarly, in April 2019, Channel Medsystems, Inc., received the FDA approval for its Cerene Cryotherapy Device intended for the treatment of heavy menstrual bleeding. This newly approved device delivers cold therapy to freeze the lining of the uterus to significantly diminish future menstrual bleeding.

Furthermore, the high prevalence of various chronic conditions such as cancer, arthritis, pain, among others, and increasing awareness about the usage of cold therapy for their treatment has further fueled the market growth. As per the Globocan estimates, in 2020, around 19,292,789 new cases of cancer were diagnosed, globally. Also, as per the CDC estimates, in 2020, around 63.0 million adults were suffering from arthritis in the U.S. This number is expected to reach around 78.0 million by 2045.

Request a free sample copy or view report summary: Cryotherapy Market Report

Cryotherapy Market Report Highlights

• By therapy type, the cryosurgery segment held the largest market share in 2020. This high share can be attributed to its high demand for the treatment of abnormal tumors
• The cryogun segment held the largest revenue share in 2020 attributed to the high usage of these devices in the treatment of various oncology and dermatological procedures
• Based on application, the oncology segment dominated the overall market in 2020 owing to the rising prevalence of cancer and growing awareness about cryotherapy-based treatment approaches
• High cost of cryotherapy devices and procedures is likely to limit its adoption in underdeveloped economies, thus impeding market growth
• North America held the largest revenue share in 2020 due to the high adoption of advanced devices, favorable reimbursement scenarios, and local presence of leading players
• In Asia Pacific, the market is expected to witness significant growth during the forecast period. This high growth can be attributed to the presence of a huge target population and increasing initiatives by dominant players to facilitate access to novel products

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

Cryotherapy Market Segmentation

Grand View Research has segmented the global cryotherapy market on the basis of therapy type, device type, application, end-use, and region:

Cryotherapy Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cryosurgery
• Icepack Therapy
• Chamber Therapy

Cryotherapy Device Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cryogun
• Cryo Probes
  • Tissue Contact Probes
  • Tissue Spray Probes
• Gas Cylinders
• Localized Cryotherapy Devices
• Cryochambers & Cryosaunas
• Others

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

• Surgical Applications
  • Oncology
  • Cardiology
  • Dermatology
  • Other Surgical Applications
• Pain management
• Others

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

• Hospitals & Specialty Clinics
• Cryotherapy Centers
• Spas & Fitness Centers
• Others

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

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

List of Key Players of Cryotherapy Market

• Brymill Cryogenic Systems
• Metrum Cryoflex Sp. z oo, Sp.
• CryoConcepts LP
• Medtronic
• CooperSurgical, Inc.
• Cortex Technology
• Mectronic Medicale S.r.l.
• Cryoalfa
• ERBE Elektromedizin GmbH
• Special Medical Technology 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.

Advanced Therapy Medicinal Products Market to Account for $21.2 Billion by 2028

 

Advanced Therapy Medicinal Products Market Growth & Trends

The global advanced therapy medicinal products market size is expected to reach USD 21.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.2% from 2021 to 2028. The ATMPs (Advanced Therapy Medicinal Products) exhibit the potential to cure diseases by addressing their root cause rather than symptomatic treatment. Thus, ATMPs help deliver transformative advantages which are not offered by conventional treatments. These factors are expected to drive the market over the forecast period.

The breakthrough approvals of Tecartus and Abecma post-approval of Zolgensma, Kymriah, and Yescarta have bolstered the exceptional advancements in this space. These approvals have spurred the investment flow in this arena thereby driving revenue growth. Key companies are adopting various operation models to accelerate the product manufacturing process.

Furthermore, the market witnessed several acquisitions by players that intended to enter or expand their existing business in this field. Acquisitions of Kite Pharma by Gilead Life Science, AveXis by Novartis, and Juno Therapeutics by Celgene are some major & recent examples. These acquisitions depict the increasing interest of well-established pharma companies in this market. Increasing competition for gene therapy buyouts can lead to hefty premiums.

On the other hand, with the growing consumer demands, the ATMP manufacturers are outsourcing their product manufacturing thereby creating lucrative opportunities for the contract manufacturing organizations. Thus, several CDMOs have expanded their facilities. For instance, in January 2021, FUJIFILM Diosynth Biotechnologies invested USD 40 million for the establishment of a new process development and manufacturing facility for advanced therapies and viral vectors.

Request a free sample copy or view report summary: Advanced Therapy Medicinal Products Market Report

Advanced Therapy Medicinal Products Market Report Highlights

• The cell therapysegment accounted for the largest revenue share in 2020 owing to the presence of a high number of approved products in this segment
• Increased investment flow to sponsor clinical trials has also spurred the revenue share of the cell therapy segment
• Introduction of effective guidelines to support cell therapy manufacturing and the recent approval of advanced therapies further aid in the dominance of the segment
• The geographical expansion of Yescarta and Kymriah in Japan and Europe has encouraged the investors to support the development in this space
• Recent approvals of gene therapieshave significantly accelerated the clinical trials in this segment
• COVID-19 pandemic has opened new areas for key players to invest in T-cell research for viral infections
• The research community is actively evaluating the potential of advanced therapies in COVID-19 patients, thereby aiding in market growth
• North America accounted for the largest revenue share in 2020 owing to the exponential rise in clinical trials pertaining to advanced therapies
• Strong pipeline of ATMPs in the U.S. accelerated revenue generation in the region
• Also, the shifting focus of U.S.-based companies from conventional drug development to ATMPS is driving regional growth
• In Asia Pacific, the market is expected to witness the fastest CAGR owing to expanding ATMP landscape in emerging markets such as China at the forefront
• Expanding business of China-based CDMOs has driven regional market growth
• Key companies are undertaking various strategic initiatives to maintain their market position. Collaboration between ViGeneron GmbH and Biogen Inc. in January 2021 is one of the notable examples of collaboration in this space
• The companies collaborated on the development of an AAV-based gene therapy product for the treatment of inherited eye diseases

Access Press Release@ https://www.grandviewresearch.com/press-release/global-advanced-therapy-medicinal-products-market

Advanced Therapy Medicinal Products Market Segmentation

Grand View Research has segmented the global advanced therapy medicinal products market on the basis of therapy type and region:

ATMP Therapy Type Outlook (Revenue, USD Million, 2017 - 2028)

• Cell Therapy
  • Stem Cell
  • Non-stem Cell
• Gene Therapy
• CAR-T Therapy
• Tissue Engineered Product

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

• North America
  • US.
  • Canada
• Europe
• Asia Pacific
  • China
  • Japan
  • Russia
  • Australia
  • India
• Rest of World

List of Key Players in Advanced Therapy Medicinal Products (ATMPs) Market

• Novartis AG
• Gilead Sciences Inc.
• TCR2 Therapeutics Inc
• Bluebird Bio Inc.
• Celgene Corporation
• Spark Therapeutics
• Kolon TissueGene, Inc.
• PHARMICELL Co., Ltd
• MEDIPOST;
• JCR Pharmaceuticals Co., Ltd.
• Vericel Corporation
• Organogenesis 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.

Mobile Phone Insurance Market to Reach USD 59.97 Billion by 2028: Grand View Research Inc.

 Mobile Phone Insurance Market Growth & Trends

The global mobile phone insurance market size is expected to reach USD 59.97 billion by 2028, registering a CAGR of 12.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. The growth is attributable to the increasing number of smartphone users across the globe. The market growth can also be ascribed to the growing demand for smartphones that are used for entertainment, education, news, and digital transactions.

Additionally, the growing usage of smartphones, as well as mobile applications, is expected to favor market growth. Convenient claim service is also expected to contribute to the overall market growth over the forecast period. Mobile phone insurance helps avoid expensive replacement costs incurred due to the loss or breakdown of mobile phones. Damages such as physical damage and electronic damage, theft protection, and cyber-threat protection are usually covered under a mobile phone insurance policy. This is anticipated to encourage customers to opt for such insurance policies over the forecast period.

Big data analytics is also playing a pivotal role in driving the market growth. The technology helps flag claims for priority handling or proactively monitor risks to reduce financial losses. Therefore, phone insurance providers are anticipated to widely adopt analytics over the coming years. Furthermore, there is an increase in the purchase of mobile phones through online platforms. This is encouraging e-commerce companies to collaborate with insurance providers. For instance, in October 2018, Flipkart ventured into a partnership with Bajaj Allianz to offer customized insurance solutions and boost Bajaj Allianz mobile phone protection program. Moreover, these collaborations enable the partnered companies to increase their customer base across the globe.

Request a free sample copy or view report summary: Mobile Phone Insurance Market Report

Mobile Phone Insurance Market Report Highlights

• The market is anticipated to witness substantial growth owing to an increasing number of smartphone users and collaborations among manufacturers and insurance providers
• The physical damage segment accounted for the highest market share in 2020. The users mostly opt for plans that cover repair and replacement costs
• The premium smartphone segment accounted for a significant market share in 2020 owing to the rapidly increasing cost of smartphones and rise in the number of physical and technical damages
• The growth of the North America market can be attributed to the presence of a large number of insurance providers and higher smartphone penetration in the U.S.
• Key players include American International Group, Inc.; ASSURANT, INC; Asurion; AT&T Inc.; AmTrust Financial; Brightstar Corp.; GoCare Warranty Group; and SquareTrade, Inc.

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

Mobile Phone Insurance Market Segmentation

Grand View Research has segmented the global mobile phone insurance market based on coverage, phone type, and region:

Mobile Phone Insurance Coverage Outlook (Revenue, USD Million, 2016 - 2028)

• Physical Damage
• Internal Component Failure
• Theft & Loss Protection
• Virus & Data Protection
• Others

Mobile Phone Insurance Phone Type Outlook (Revenue, USD Million, 2016 - 2028)

• Budget Phones
• Mid & High-end Phones
• Premium Smartphones

Mobile Phone Insurance Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Mobile Phone Insurance Market

• Apple Inc.
• American International Group, Inc.
• Assurant, Inc.
• Asurion
• AT&T Inc.
• AmTrust Financial
• Brightstar Corp.
• GoCare Warranty Group
• SquareTrade, Inc.
• Taurus Insurance Services 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.

Automotive Aftermarket to Exhibit Impressive Growth During 2021– 2028: Grand View Research Inc.

 Automotive Aftermarket Growth & Trends

The global automotive aftermarket is expected to reach USD 529.25 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2021 to 2028. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid and autonomous cars in the years to come is further expected to bolster the demand for new components.

Furthermore, the increasing vehicle penetration is driven by the overall improvement of lifestyle in developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in these regions. Similar surges in the automotive manufacturing sector across various regions along with the increasingly stringent emissions norms are expected to drive the growth of the aftermarket component sales over the forecast period. Third-party services and technology offer new and profitable revenue streams, to leverage all these opportunities. Also, the industry requires investment in product development, supply chain, organizational design, and pricing model to create a great surge in demand.

To support the initiatives for leveraging the market foothold, the manufacturers in developing countries are adopting various strategies, including mergers, acquisitions, and partnerships. Asia Pacific is expected to be the fastest-growing region over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated to the repair of particular vehicles are expected to increase. The global aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward the repair of their automobiles.

Request a free sample copy or view report summary: Automotive Aftermarket Report

Automotive Aftermarket Report Highlights

• The market is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet
• While technological advancement erupted the challenges and disruption for the manufacturing industry, it has also brought opportunities and real growth
• Innovative business models and solutions provided by the manufacturers and growing investment in the same are expected to create sustainable growth opportunities for the market
• North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies
• The global aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated to serving specific vehicles such as alternate fuel-powered vehicles

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automotive-aftermarket-industry

Automotive Aftermarket Segmentation

Grand View Research has segmented the global automotive aftermarket based on the replacement parts, distribution channel, service channel, certification, and region:

Automotive Aftermarket Replacement Parts Outlook (Revenue, USD Billion, 2017 - 2028)

• Tire
• Battery
• Brake Parts
• Filters
• Body Parts
• Lighting & Electronic Components
• Wheels
• Exhaust Components
• Turbochargers
• Others

Automotive Aftermarket Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2028)

• Retailers
  • OEMs
  • Repair Shops
• Wholesalers & Distributors

Automotive Aftermarket Service Channel Outlook (Revenue, USD Billion, 2017 - 2028)

• DIY (Do It Yourself)
• DIFM (Do It for Me)
• OE (Delegating to OEM’s)

Automotive Aftermarket Certification Outlook (Revenue, USD Billion, 2017 - 2028)

• Genuine Parts
• Certified Parts
• Uncertified Parts

Automotive Aftermarket Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players in the Automotive Aftermarket

• 3M Company
• Continental AG
• Cooper Tire & Rubber Company
• Delphi Automotive PLC
• Denso Corporation
• Federal-Mogul Corporation
• HELLA KGaA Hueck & Co.
• Robert Bosch GmbH
• Valeo Group
• ZF Friedrichshafen AG

About Grand View Research

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

Healthcare Smart Beds Market to Expand at a CAGR of 7.6% Through 2028: Grand View Research Inc.

 Healthcare Smart Beds Market Growth & Trends 

The global healthcare smart beds market size is expected to reach USD 740.6 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. Hospital beds are the most utilized component in hospitals. Patients spend extended periods of time on these beds, which makes it vital for hospitals, nursing homes, and other healthcare settings to ensure the quality and comfort of these beds in order to aid the fast recovery of patients. The introduction and incorporation of smart technologies in hospital beds in recent years have greatly assisted nursing and healthcare staff in recording, monitoring, and analyzing minute details of the patients’ health for effective patient care.

There has been a rising demand for precise and rapid medical care across the globe and early detection of any changes in vital signs is crucial for the proper monitoring of the patient. These medical smart beds are becoming an important resource in assisting medical teams for the continuous monitoring of patients and numerous studies have shown their efficacy in healthcare settings. A recent study conducted by Harvard Medical School highlighted that the use of smart beds could help in reducing code blue events by 86% and as a result, this reduces the average stay of ICU patients who have been transferred from the surgical unit by 45%.

With the rising demand for comfort in hospitals, increasing healthcare expenditure, and emerging technological advancements, the demand for smart beds is also rising across the healthcare sector. Smart beds are integrated with sensors and control panels that monitor and relay the vitals of patients for timely intervention. Home healthcare has been gaining significant traction across the globe as it helps save considerable costs for patients. A majority of the cost of hospital treatments is associated with high-quality facilities and amenities at the hospitals. This is driving families of patients with chronic illnesses to invest in smart beds so that they can take care of the patients from the comfort of their own homes without any additional cost.

Companies are introducing new innovative products to address the evolving needs of hospitals and gain a competitive edge over other manufacturers. For instance, in October 2020, Stryker launched a new smart bed called ProCuity, which is a completely wireless hospital bed with a number of smart patient monitoring features. ProCuity has been incorporated with Stryker’s Secure Connect technology, which helps in providing a wireless method to connect to nurse call systems. The nurse call system helps in streaming parameters such as bed configuration, exit alarms, the position of side rails, and movement to hospital information systems (HIS). This helps in keeping a note of all important readings and observe the changes.

Request a free sample copy or view report summary: Healthcare Smart Beds Market Report

Healthcare Smart Beds Market Report Highlights

• By application, the hospitals segment is projected to expand at the fastest CAGR in terms of revenue as well as volume from 2021 to 2028 owing to the rising incidences of in-patient admissions due to chronic ailments, such as cancer, kidney failure, and heart diseases
• In terms of revenue, North America dominated the market by accounting for over 55.0% share in 2020. This is attributed to the augmented usage of healthcare smart beds in acute care or long-term care facilities
• Europe is projected to expand at the fastest revenue-based CAGR of 7.8% from 2021 to 2028 owing to the increasing demand for better healthcare among the aging population and growing investment in smart technologies

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

Healthcare Smart Beds Market Segmentation

Grand View Research has segmented the global healthcare smart beds market on the basis of application and region:

Healthcare Smart Bed Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Hospitals
• Outpatient Clinics
• Medical Nursing Homes
• Medical Laboratory and Research

Healthcare Smart Bed Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain

List of Key Players of Healthcare Smart Beds Market

• Stryker Corporation
• Hill-Rom Holdings Inc.
• Invacare Corporation
• Paramount Bed Holdings Co., Ltd.
• LINET
• Joerns Healthcare LLC
• Stiegelmeyer GmbH & Co. KG
• Arjo
• Völker GmbH
• Favero Health Projects SpA

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.

Malaysia Car Wash Service Market Poised to Expand at a Robust Pace of USD 1.02 Billion Over 2028: Grand View Research Inc.

 Malaysia Car Wash Service Market Growth & Trends

The Malaysia car wash service market size is expected to reach USD 1.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2021 to 2028. The market growth can be primarily attributed to the increasing focus of consumers on vehicle maintenance. Road dirt, particulate matter, bird droppings, and airborne pollution, along with additional contamination from salt deposits during winter months, present a constant threat to the car bodywork. This has led to an increased demand for car wash services. It has also been observed that clean vehicles have reduced operating costs and longer lifespans.

As the lives of customers become busier, time has become even more precious. This has given rise to the trend of Do-It-For-Me (DIFM) services. Consumers across the globe are facing a time crunch due to their fast-paced lives and they have almost no time for DIY activities. Hence, they are looking for service providers who will perform such services for them. One such service is a car wash, since it is affordable, saves time, and the car gets professional attention.

There are various small and medium players operating in the Malaysian market for car wash services. Most of these companies have a strong local presence while very few have a region-wide or country-wide presence. Players are adopting different strategies to gain major market share. For instance, 1L Car Wash is planning the expansion of its portfolio to include new and more customized services. Some companies such as Topbest Car Grooming Centre use only eco-friendly products to stand out in the market. Other players such as CARS International offer premium members heavy discounts on their services to attract more customers. The price of an average car wash in Malaysia ranges from USD 5 to USD 25.

Competition in the market is intense as the number of cars and car stations is increasing. Operators in the market are introducing new strategies to gain market share and increase their profitability. As per the Car Wash Association Malaysia (CWAM), there are around 1,000 car wash locations in the organized market in Malaysia, resulting in increased competition among the operators.

Many petrol stations in the Malaysian market also offer various additional services including car wash at their stations to increase profits and gain more consumers. For instance, Pen Petroleum Sdn Bhd is a player in the petroleum retailing industry in Malaysia. It began operations with a network of 13 Caltex-branded service stations located strategically across the country, complementing the retail network of Chevron Malaysia Limited in the Peninsular. By mid-2010, it had expanded to a network of more than 130 petrol stations across the country. Several of these petrol stations have convenience stores operated by the Xpress Point brand.

Request a free sample copy or view report summary: Malaysia Car Wash Service Market Report

Malaysia Car Wash Service Market Report Highlights

• By type, the roll-over/in-bay car wash segment is projected to expand at the fastest CAGR of 4.7% from 2021 to 2028
• The manual car wash type segment dominated the market with a share of over 75.0% in 2020, owing to the low cost of this service type compared to the automatic car wash service
• Operators in the market are focusing on offering additional services, such as waxing, polishing, and coating, to ensure higher profit margins and increase the profitability of the business

Access Press Release@ https://www.grandviewresearch.com/press-release/malaysia-car-wash-services-market-analysis

Malaysia Car Wash Service Market Segmentation

Grand View Research has segmented the Malaysia car wash service market on the basis of type:

Malaysia Car Wash Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Tunnels
• Roll-over/In-bay
• Self-service
• Manual

List of Key Players of Malaysia Car Wash Service Market

• UNITEC Textile Decoration Co., Ltd.
• Call2wash Global Sdn Bhd
• 1L Car Wash
• Topbest Car Grooming Centre
• CARS International
• Supwave Car Wash

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.

Plastics Market is Anticipated to Rise at a CAGR of 3.4% from 2021 to 2028: Grand View Research Inc.

 

Plastic Market Growth & Trends

The global plastic market size is expected to reach USD 750.1 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.4% from 2021 to 2028. Increasing automotive production and a subsequent rise in plastic consumption in automotive component fabrication because of regulatory policies pertaining to vehicular weight reduction and fuel efficiency are expected to drive the market over the forecast period. Plastics facilitate fuel saving in automotive applications on account of reduced car weight and density as compared to conventional materials, such as metals or rubber.

Since the last decade, there has been a substantial demand for the products as a replacement for metals and ferrous alloys across various industries, such as consumer goods, automotive, and industrial machinery. The growth of the market criticality lies in various factors, such as the ever-increasing requirement of end users in terms of product specification and versatility influencing consumption dynamics. Other factors such as socio-political, production process, and feedstock availability events also have a significant impact on industry trends.

Rapidly developing construction and automobile markets in Asia Pacific are expected to increase the demand for plastics in interiors, exteriors, and under the hood components. Its major applications include under the hood components in the automotive industry, building interiors and exteriors in the construction and infrastructure industries, and various applications in electronics and durables.

The outbreak of COVID-19 is fueling the demand for plastics in the medical end-use industry. Companies are focusing on stepping up their resources and production capabilities to meet the rising demand. For instance, in April 2020, Exxon Mobil Corporation announced to increase the monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns owing to the spread of coronavirus. This surge in the production of polypropylene is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks.

The extrusion application segment is anticipated to expand at a substantial growth rate over the forecast period. It is widely used to produce straws, hoses, pipes, and window frames. Increasing demand for these products from the packaging and construction industries is anticipated to create lucrative growth opportunities for the extrusion application segment during the forecast period.

Request a free sample copy or view report summary: Plastic Market Report

Plastic Market Report Highlights

• In terms of revenue, the packaging industry in Asia Pacific is projected to expand at a CAGR of 3.7% from 2021 to 2028
• By product, polyether ether ketone is expected to register a CAGR of 7.5% in terms of revenue during the forecast period. Increasing demand from medical applications, such as housing, valves, switches, guide components, sleeves, adapters, reducers, cylinders, and ventilators, is anticipated to positively impact the segment growth during the forecast period
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in August 2020, Sinopec Zhongke, China has prepared to start a new unit for the production of polypropylene (PP) in Zhanjiang by the end of August 2020. The unit possesses a production capacity of 350,000 tons/year of polypropylene

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

Plastic Market Segmentation

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

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

• Polyethylene (PE)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• Polystyrene (PS)
• Acrylonitrile butadiene styrene (ABS)
• Polybutylene terephthalate (PBT)
• Polyphenylene Oxide (PPO)
• Epoxy Polymers
• Liquid Crystal Polymers
• Polyether ether ketone (PEEK)
• Polycarbonate (PC)
• Polyamide (PA)
• Polysulfone (PSU)
• Polyphenylsulfone (PPSU)
• Others

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

• Injection Molding
• Blow Molding
• Roto Molding
• Compression Molding
• Casting
• Thermoforming
• Extrusion
• Calendering
• Others

Plastic End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Packaging
• Construction
• Electrical & Electronics
• Automotive
• Medical Devices
• Agriculture
• Furniture & Bedding
• Consumer Goods
• Utility
• Others

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Poland
  • Spain
• China
• Asia Pacific (excluding China)
  • India
  • Japan
  • Southeast Asia
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Other CSA (Costa Rica, Cuba, Peru)
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • Oman
  • Kenya
  • South Africa

List of Key Players of Plastic Market

• BASF SE
• SABIC
• Dow Inc.
• DuPont de Nemours, Inc.
• Evonik Industries
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corporation
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• Toray Industries, Inc.
• Mitsui & Co. Plastics 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.