Body Armor Market to Witness Tremendous Growth and Expansion by 2028

 Body Armor Market Growth & Trends

The global body armor market size is expected to reach USD 3.53 billion by 2028, registering a CAGR of 5.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the rising demand for defense protection equipment owing to the rise in asymmetric warfare in various countries, such as South Korea, Iraq, and India. The growing number of conflicts around the globe and violence, in general, has led to the significant demand for ballistic protection for the law, military enforcement agencies, and armored vehicles. This has further attributed to the rising demand for lightweight body armor protection.

The ever-increasing focus of defense agencies on soldier survivability is driving the demand for body armor. The shortage of ballistic protection suits and the rise in asymmetric warfare activities among various countries worldwide are further accelerating industry growth. Besides, vast developments in the field of nanotechnology are helping develop materials and fibers that can make armor lightweight and more flexible, consecutively driving industry growth. The emergence of armor based on advanced technologies, such as dragon skin and liquid body armor, is also contributing to market expansion. Moreover, the rising demand for body armor for civilian use has also created several industry growth opportunities. The increased demand for body armor among civilians can be attributed to the rise in crimes, burglaries, home invasion, and similar activities; bulletproof vests are one of the most common body armors used by civilians. CITIZEN ARMOR, a U.S.-based protection equipment manufacturing company, offers ballistic plates for civilians. The relatively low cost of steel plates has led to their re-emergence in the manufacturing of body armors for civilian use in the American market. Besides, metal plates are advantageous over ceramic plates since they can protect against multiple hits.

Modernization activities have created several opportunities for industry participants, leading to alliances with military agencies in a contractual environment. For instance, in July 2019, KDH Defense Systems, a U.S.-based body armor manufacturer, received two separate delivery orders worth USD 40 million from the U.S. Armed Forces. Emerging economies, such as India and China, are increasingly focusing on replacing legacy military equipment and increasing their defense budget. For instance, in May 2020, China hiked its defense budget to USD 179 billion compared to USD 177.6 billion in 2019. However, it has been the lowest hike in recent years due to the significant economic disruption caused by the novel coronavirus outbreak.

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Body Armor Market Report Highlights

• The high penetration of body armor in the defense sector can be attributed to the emergence of modern military equipment and legacy systems
• In the civilian application segment, the demand for body armor is high, especially among people residing in crime-prone areas, jewelry store owners, embassy personnel overseas, and executive protection personnel
• The level IV body armor plate segment is expected to expand at a noticeable CAGR over the forecast period. This growth is attributable to the fact that the introduction of the final version of NIJ (National Institute of Justice) Standard 0101.07 is anticipated to improve the test methods and the performance requirements for the ballistic resistance levels
• The law enforcement protection application is expected to register a noticeable CAGR over the forecast period since NIJ has been pivotal in developing modern body armors for police officers

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Body Armor Market Segmentation

Grand View Research has segmented the global body armor market based on level, application, material, product type, product style, and region:

Body Armor Level Outlook (Revenue, USD Million, 2017 - 2028)

• Level I
• Level IIA
• Level II
• Level IIIA
• Level III
• Level IV

Body Armor Application Outlook (Revenue, USD Million, 2017 - 2028)

• Defense
• Law Enforcement Protection
• Civilians

Body Armor Material Outlook (Revenue, USD Million, 2017 - 2028)

• Steel
• UHMWPE
• Aramid
• Composite Ceramic
  • Alumina
  • Silicon Carbide (SiC)
  • Ceramic-Metal Composite
  • Boron Carbide
  • Others
• Others

Body Armor Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Soft Armor
  • Plates & Inserts
  • Shields
• Hard Armor
  • Plates & Inserts
  • Shields
• Accessories
  • Carrier
  • Helmets
  • Others

Body Armor Product Style Outlook (Revenue, USD Million, 2017 - 2028)

• Covert
• Overt

Body Armor Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Body Armor Market

• Aegis Engineering Ltd.
• AR500 Armor
• BAE Systems
• Ballistic Body Armor Pty
• Craig International Ballistics Pty Ltd.
• Ceradyne, Inc.
• Hellweg International
• Kejo Limited Company
• Pacific Safety Products
• Point Blank Enterprises, Inc.
• Safariland, 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.

Fraud Detection And Prevention Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 Fraud Detection And Prevention Market Growth & Trends

The global fraud detection and prevention market size is expected to reach USD 62.70 billion by 2028, registering a CAGR of 15.4% over the forecast period, according to a new report by Grand View Research, Inc. Rise in incidences of mobile payment frauds, phishing, and card frauds, and their subsequent impact on businesses and resultant financial losses are anticipated to drive market growth over the forecast period. Digital transformation is the new buzzword, as businesses transform the way they interact with their customers. However, increased digitization has also exposed businesses to online frauds and scams.

Thus, to mitigate these frauds, while securing customer as well as business data, the demand for fraud detection and prevention (FDP) solutions is anticipated to witness an upsurge over the forecast period. Digital platforms and online banking applications, wherein consumers directly interact with businesses, are complex. These applications require several risk-based security solutions to detect fraud at individual layers. Without implementing solutions and vulnerability testing, hacktivists and fraudsters can easily exploit gaps across these channels.

Incumbents from the banking, telecom, and retail & e-commerce industries are popular targets of such fraud threats. Thus, a need for continuous monitoring and detection of vulnerabilities across layers is required to strengthen fraud defense among organizations. Despite rising digital fraud cases, organizations continue to offer services digitally to consumers as it is a cost-effective approach. Deploying or reliance on a single solution or tool as a defensive tactic increases the risks of fraud attempts. Educating enterprises and consumers related to fraudsters' modus operandi is a significant step towards defending against fraud.

Several government agencies, such as the Federal Financial Institutions Examination Council of the U.S. and the Serious Fraud Investigation Office of India, provided guidelines, programs, and standards to promote fraud defense among organizations and consumers. In addition, deploying advanced technology adaptable to existing cybercriminal operational strategy is crucial. Thus, the need to curb fraudster activities, secure personal information, and strengthen the security framework is expected to drive the adoption of fraud detection and prevention solutions among enterprises.

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Fraud Detection And Prevention Market Report Highlights

• An increase in the number of fraudulent activities reported worldwide and increased reliance on online transactions will create opportunities for market growth
• The solution segment is expected to register a CAGR exceeding 10.0% from 2021 to 2028. The need to identify behavior or patterns associated with fraudulent activities among enterprises is a key factor expected to favor the segment growth. The proliferation of analytic tools to detect threats or anomalies in organization data is expected to favor fraud analytical solutions growth
• Consistent internet access has paved way for digital transactions. However, cyber frauds becoming rampant at an alarming rate has led to the increased demand for fraud detection solutions to curb payment fraud incidences
• Larger enterprises have the spending capacity to secure customer as well as business data, and this has resulted in the segment capturing the highest market share in 2020. However, with fraud activities occurring at an alarming frequency, small- & medium-sized enterprises are also expected to increase spending on security solutions over the forecast period
• North America has always been at the forefront of technology developments and digitization of processes. Therefore, the region captured the highest market share in 2020, with increased demand from several tech companies in the region

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Fraud Detection And Prevention Market Segmentation

Grand View Research has segmented the global fraud detection and prevention market on the basis of component, solutions, services, application, organization, vertical, and region:

Fraud Detection & Prevention Component Outlook (Revenue, USD Million, 2016 - 2028)

• Solutions
• Services

Fraud Detection & Prevention Solutions Outlook (Revenue, USD Million, 2016 - 2028)

• Fraud Analytics
• Authentication
• Governance, Risk, and Compliance

Fraud Detection & Prevention Services Outlook (Revenue, USD Million, 2016 - 2028)

• Professional Services
• Managed Services

Fraud Detection & Prevention Application Outlook (Revenue, USD Million, 2016 - 2028)

• Identity Theft
• Money Laundering
• Payment Fraud
• Others

Fraud Detection & Prevention Organization Outlook (Revenue, USD Million, 2016 - 2028)

• SMEs
• Large Enterprises

Fraud Detection & Prevention Vertical Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Government & Defense
• Healthcare
• IT & Telecom
• Industrial & Manufacturing
• Retail & E-commerce
• Others

Fraud Detection & Prevention Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Fraud Detection And Prevention (FDP) Market

• Total System Services, Inc.
• Software AG
• SAS Institute, Inc.
• SAP SE
• Oracle
• IBM
• Fiserv, Inc.
• Experian plc
• Equifax, Inc.
• BAE Systems
• ACI Worldwide, 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.

Track and Trace Solutions Market is Expected to Grow at a CAGR of 19.0% during the Forecast Period: Grand View Research Inc.

 

Track And Trace Solutions Market Growth & Trends

The global track and trace solutions market size is expected to reach USD 9.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.0% from 2021 to 2028. The growth is attributed majorly due to the increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection from counterfeit products and theft. The deployment of a track and trace system helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Furthermore, the rising adoption of track and trace systems by healthcare manufacturers would fuel the market growth in the long run. The introduction of advanced technology, such as RFID, provides fast reading and delivers high levels of security. However, the deployment cost of serialization and aggregation methods, as well as the lack of common regulations and standards, may hamper the market growth in few developing geographies.

US CBP and customs of other member countries as well as by the World Customs Organization reported the seizures of false coronavirus tests and personal protective equipment for example facemasks and hand sanitizers. For instance, in May 2020, Smartrac teamed up with SUKU to validate COVID-19 testing kits and personal protective equipment to permit prompt verification and deliver end-to-end supply chain transparency. Hence, it is estimated that the market will witness lucrative growth opportunities due to the COVID-19 outbreak.

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Track And Trace Solutions Market Report Highlights

• The software solution was the largest revenue-generating segment of the market in 2020. This contribution is mainly because of the regulatory mandates for the execution of serialization and aggregation in the healthcare sector
• The serialization solution was the largest grossing segment in 2020. Increasing application of serialization in pharmaceuticals and medical devices packaging will be a vital factor contributing to the growth of the segment
• The RFID segment is expected to exhibit the fastest growth rate during the study period. The key factors attributing to the growth of the segment are technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of the line of sight
• North America dominated the market in 2020. The rising implementation of regulatory standards and regulations along with the high adoption rate of track and trace systems by consumers is anticipated to contribute to the growth of the market in the region

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Track And Trace Solutions Market Segmentation

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

Track & Trace Solution Product Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware Systems
  • Printing & marking
  • Monitoring & verification
  • Labeling
  • Others
• Software Solutions
  • Plant manager software
  • Line controller software
  • Bundle tracking software
  • Others

Track & Trace Solution Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Barcodes
• RFID

Track & Trace Solution Application Outlook (Revenue, USD Million, 2016 - 2028)

• Serialization Solutions
  • Bottle Serialization
  • Label Serialization
  • Carton Serialization
  • Data Matrix Serialization
• Aggregation Solutions
  • Bundle Aggregation
  • Case Aggregation
  • Pallet Aggregation

Track & Trace Solution End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmaceutical & biopharmaceutical Companies    
• Medical Device Companies   
• Healthcare Others
• Food and Beverage
• Consumer Goods
• Luxury Goods

Track & Trace Solution Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Track And Trace Solutions Market

• Axway
• Mettler-Toledo International, Inc.
• Optel Vision
• TraceLink, Inc.
• Adents International
• Antares Vision srl
• Siemens AG
• Seidenader Maschinenbau GmbH
• ACG Worldwide
• Systech, 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.

Personalized Retail Nutrition & Wellness Market to Raise at CAGR of 7.9% from 2021 to 2028: Grand View Research Inc.

 

Personalized Retail Nutrition And Wellness Market Growth & Trends

The global personalized retail nutrition and wellness market size is expected to reach USD 3.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The market growth can be attributed to the factors such as driving nutrition strategies, growing focus on nutrigenomics and nutrigenetics, a shift in the healthcare paradigm, and integration of data science for the development of innovative personalized nutrition.

In addition, nutrigenomics is gaining momentum owing to the rising number of studies for understanding the interrelation of nutrients with an individual’s genetic make-up. For instance, in May 2020, researchers revealed the role of flavonol intake in cardiometabolic diseases with the application of systematic bioinformatics analysis. The analysis revealed genes that are involved in leukocyte adhesion, lipid metabolism, and transendothelial migration. In addition, the study also analyzed the nutrigenomic effects of the compound in intestinal cells and their role in the metabolism of circulating lipoproteins.

Moreover, the companies operating in the market for personalized retail nutrition and wellness are heavily investing in bringing innovative solutions for sufficing nutritional diet in individuals, which is further contributing to market growth. Companies are investing in enhancing technologies that can help in the development of new product lines related to microbiota, nutrition, and digital health.

For instance, in November 2020, ADM Ventures announced its investment in Seventure’s Health For Life Capital (HFLC) Fund II. The company works with the Seventure team for identifying opportunities with the application of microbiome solutions for developing dietary supplements and other food and beverage applications. Hence, companies are extensively discovering and leveraging new nutritional ingredients for treating chronic diseases and common ailments.

Furthermore, the COVID-19 pandemic has a positive impact on the growth of the market for personalized retail nutrition and wellness. The demand for vitamins, minerals, and supplements is growing at an exponential rate owing to its potential role in the management of COVID-19. Several vitamins and minerals such as vitamins C, vitamin D, and zinc, have immunomodulatory functions and have a vital role in preserving physical tissue barriers. Hence, the demand for such nutrients for optimizing the immune system to prevent or lower the risk of COVID-19 infection is further contributing to the growth of the market for personalized retail nutrition and wellness. 

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Personalized Retail Nutrition And Wellness Market Report Highlights

• The repeat recommendation segment accounted for the largest revenue share in 2020 owing to the rising launch of commercial apps for monitoring an individual’s lifestyle and health
• In the repeat recommendation segment, the functional foods segment dominated the market in 2020 owing to the high adoption of commercially available products for analyzing lifestyle patterns of the patients
• The orthopedics, musculoskeletal, and spine segment held a substantial market share in 2020 due to the high demand for nutrient-based recommendations for the management or prevention of chronic diseases such as cardiovascular disease, obesity, and diabetes
• In the fixed recommendation segment, the dietary supplements and nutraceuticals segment is expected to witness lucrative growth owing to the growing incidence of lifestyle-based diseases
• North America held the largest revenue share in 2020. Growth in this region is owing to the presence of key players and extensive R&D activities
• In Asia Pacific, the market is expected to witness significant growth over the forecast period owing to the reducing sequencing price and nutrigenomic testing, making it more accessible to population across the region
• Companies operating in the market are launching new personalized nutrition products. For instance, in April 2020, Nestlé launched NESQINO, a personalized healthy drink series made from 100 percent natural ingredients

Access Press Release@ https://www.grandviewresearch.com/press-release/global-personalized-retail-nutrition-wellness-market

Personalized Retail Nutrition And Wellness Market Segmentation

Grand View Research has segmented the global personalized retail nutrition and wellness market based on recommendation and region:

Personalized Retail Nutrition & Wellness Recommendation Outlook (Revenue, USD Million, 2017 - 2028)

• Fixed Recommendation
  • Dietary Supplements & Nutraceuticals
    • Vitamins
    • Proteins
    • Minerals
    • Amino Acids
    • Enzymes
    • Other dietary supplements & nutraceuticals
  • Functional Foods
    • Proteins
    • Vitamins
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Carotenoids
  • Traditional Botanicals
• Repeat Recommendation
  • Dietary Supplements & Nutraceuticals
    • Vitamins
    • Proteins
    • Minerals
    • Amino Acids
    • Enzymes
    • Other dietary supplements & nutraceuticals
  • Functional Foods
    • Proteins
    • Vitamins
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Carotenoids
  • Traditional Botanicals
• Continuous Recommendation
  • Dietary Supplements & Nutraceuticals
    • Vitamins
    • Proteins
    • Minerals
    • Amino Acids
    • Enzymes
    • Other dietary supplements & nutraceuticals
  • Functional Foods
    • Proteins
    • Vitamins
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Carotenoids
  • Traditional Botanicals

Personalized Retail Nutrition & Wellness Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • Italy
  • Switzerland
  • UK.
  • Russia
  • Poland
  • Hungary
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Indonesia
  • Philippines
  • Vietnam
• Latin America
  • Brazil
  • Mexico
  • Ecuador
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • South Africa
  • Turkey

List of Key Players of Personalized Retail Nutrition And Wellness Market

• The Nature’s Bounty Co.
• Bayer AG
• PlateJoy
• Better Therapeutics, Inc
• Tracxn Technologies
• Viome (Habit Food Personalized, LLC)
• BitBite Inc.
• Noom, Inc.
• Savor Health
• Foodsmart, Inc.
• GLUCOVATION, INC.
• Healbe
• AIRO Health Care (Pty) Ltd.
• Nutrigenomix
• DNAfit
• BiogeniQ Inc.
• Vitagene
• Consumer Physics
• Pfizer, Inc.
• GlaxoSmithKline plc
• Herbalife International of America, Inc.
• Reckitt Benckiser Group PLC.
• DowDuPont
• Tellspec
• Cargill, Incorporated

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.

Packaged Salad Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Packaged Salad Market Growth & Trends

The global packaged salad market size is expected to reach USD 20.30 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2021 to 2028. The growing trend of a healthy lifestyle is one of the key factors that will drive the market over the forecast period. Furthermore, the busy schedules of the millennials leave less time for cooking and various other kitchen chores, and thus people have been demanding ready-to-eat salads.

In recent years, it has been noted that consumers have been opting for vegetables and similar raw ingredients instead of fast foods and processed foods. The increasing focus on weight management owing to rising obesity levels is propelling the demand for packaged salads among consumers around the world. The low caloric content of packaged salads makes them ideal for weight management.

The vegetarian product segment dominated the market with a 67.4% share in 2020. The demand for vegetarian products is significantly growing owing to the rising vegan population around the world. The growing awareness regarding the high carbon footprint of the meat industry, along with animal health and animal cruelty, is compelling an increasing number of consumers to opt for vegetarian products instead.

Organically processed products are expected to expand at the highest CAGR of 8.6% over the forecast period. Organically processed products are generally perceived to contain more nutrients and antioxidants than conventional counterparts. Health-conscious consumers who focus on reducing their exposure to artificial chemicals and antibiotic-resistant bacteria usually prefer organically processed products to conventionally processed alternatives.

Mergers & acquisitions, new product launches, and production capacity expansion are some of the key strategic initiatives taken up by the companies to gain a competitive advantage over other players. In May 2020, Dole Food Company Inc. debuted its DOLE FreshTakes Ready-To-Eat Salad Bowls in the Western U.S. after its successful debut in the Eastern U.S. in 2019.

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Packaged Salad Market Report Highlights

• The packaged kits type segment is anticipated to register the fastest CAGR of 8.4% from 2021 to 2028. The increasingly hectic lifestyles and rising number of single-person households have been driving the segment
• The online distribution channel is expected to register the fastest CAGR of 9.0% from 2021 to 2028 due to the increasing presence of online retailers
• North America led the market by accounting for more than 41.0% in 2020. The busy lifestyle of the consumers has been propelling the demand for these conveniently packaged salads in the region
• The vegetarian product segment held the largest share of 67.4% in 2020 owning to the growing number of health-conscious consumers across the globe

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Packaged Salad Market Segmentation

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

Packaged Salad Product Outlook (Revenue, USD Million, 2016 - 2028)

• Vegetarian
• Non-vegetarian

Packaged Salad Processing Outlook (Revenue, USD Million, 2016 - 2028)

• Organic
• Conventional

Packaged Salad Type Outlook (Revenue, USD Million, 2016 - 2028)

• Packaged Greens
• Packaged Kits

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

• Offline
• Online

Packaged Salad Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Packaged Salad Market

• BrightFarms, Inc.
• Dole Food Company, Inc.
• Earthbound Farm
• Eat Smart (Curation Foods)
• Fresh Express, Incorporated
• Misionero
• Gotham Greens Holdings, LLC
• Mann Packing Co., Inc.
• Bonduelle
• Organicgirl, 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.

Companion Animal Health Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Companion Animal Health Market Growth & Trends

The global companion animal health market size is anticipated to reach USD 37.49 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 9.2% from 2021 to 2028. Growing pet adoption, rising cases of acute & chronic health conditions in pets, and availability of pet insurance are the factors responsible for the growth of this market.

Growing investments and strategic initiatives by market players to develop advanced solutions for pet care is another key contributor to the growth of the market. For instance, in February 2020, Boehringer Ingelheim received approval for Aservo Equihaler, which is its first therapy for severe equine asthma.

Furthermore, the rising adoption of pet insurance is anticipated to fuel the market growth. As per The Holland Insurance Company Pty. Ltd., 20% of GenY and 12% of baby boomer pet owners have pet insurances in Australia. The pet insurance industry is also growing steadily in countries, such as India. These factors, combined with the humanization of pets and increasing pet health concerns, are expected to increase the demand for pet health products and services.

The market was impacted by the Covid-19 pandemic. Market participants had to face several challenges, such as demand slowdown, supply chain disruptions, and operational hurdles, due to the changing norms and restrictions. The pandemic created working capital pressures across the commercial value chain. However, the growing attachment of pet owners to their pets during this pandemic resulted in increased spending on pet healthcare. This has positively impacted the industry development.

The market is highly competitive and companies are undertaking various business strategies to sustain the heavy competition. As per its March 2020 press release, Ceva, a French global veterinary health company, focused on its inventory planning to ensure continuous product availability during the pandemic. The pre-availability of several months of safety stocks of the company’s strategic vaccines and pharmaceutical products created an added buffer to combat any supply chain interruptions.

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Companion Animal Health Market Report Highlights

• The pharmaceuticals product segment held the largest revenue share in 2020. Ongoing advancements and research in drug formulations is the key growth-driving factor for the segment
• The diagnostics segment is expected to grow at an exponential rate owing to increasing cases of zoonotic infections, which is likely to boost the need for the establishment of diagnostic laboratories and Point-of-Care (PoC) testing
• The veterinary hospitals & clinics end-use segment accounted for the largest share in 2020
• This growth can be credited to an increasing number of hospitals and clinics and the availability of a wide range of treatments and diagnostic options for pets in these healthcare settings
• North America led the market in 2020 owing to the presence of major players and increasing prevalence of acute & chronic diseases in pets
• Asia Pacific is expected to be the fastest-growing regional market during the forecast period due to rising pet ownership and pet health concerns

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Companion Animal Health Market Segmentation

Grand View Research has segmented the global companion animal health market on the basis of animal type, product, distribution channel, end-use, and region:

Companion Animal Health Animal Type Outlook (Revenue, USD Million, 2016 - 2028)

• Dogs
• Equine
• Cats
• Others

Companion Animal Health Product Outlook (Revenue, USD Million, 2016 - 2028)

• Vaccines
• Pharmaceuticals
  • OTC
  • Prescription
• Feed Additives
• Diagnostics
• Others

Companion Animal Health Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Retail
• E-commerce
• Hospital Pharmacies

Companion Animal Health End-use Outlook (Revenue, USD Million, 2016 - 2028)

• PoC/In-house Testing
• Veterinary Hospitals & Clinics
• Others

Companion Animal Health Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Companion Animal Health Market

• Merck & Co., Inc.
• Ceva
• Vetoquinol S.A.
• Zoetis
• Boehringer Ingelheim International GmbH
• Elanco
• Virbac
• IDEXX Laboratories, Inc.
• Indian Immunologicals Ltd.
• Agrolabo S.p.A

About Grand View Research

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

Consumer Genomics Market Competitive Insight and Key Drivers 2021 to 2028: Grand View Research Inc.

 Consumer Genomics Market Growth & Trends

The global consumer genomics market size is projected to reach USD 8.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.4% from 2021 to 2028. Technological advances in genetic research have helped to raise awareness among physicians as well as consumers pertaining to the use of gene-based testing.

Genomics testing enables the determination of common traits by studying a DNA molecule, predictions about health, and offers evidence of a person’s ancestry. Several companies are providing DNA tests directly to customers by which they have access to their genetic information without involving the healthcare professional. Rising awareness about DNA testing has driven the adoption rate, which in turn provides healthy growth prospects for the implementation of DNA tests in home settings.

The continuously declining costs of genotyping have resulted in direct-to-consumer services becoming more accessible to the average consumer as DNA testing services are delivered by key companies. Many key participants are focusing majorly on building partnerships and collaborations with physicians and healthcare systems to inflate their current marketplace.

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Consumer Genomics Market Report Highlights

• The genetic relatedness segment accounted for the largest revenue generation in 2020 and is anticipated to remain dominant throughout the forecast period
• Genetic relatedness involves the determination of hereditary or the genetic transfer of traits from parents to their offspring
• These tests help analyze repetitive DNA regions known as short tandem repeats for the determination of a likelihood of paternity
• The lifestyle, wellness, and nutrition segment is expected to witness the fastest CAGR as consumer genomics tests are claimed to provide personalized nutrition based on an individual’s genotype
• For patients with rare genetic disorders such as galactosemia and lactose intolerance, a customized diet is recommended
• Growing public interest for personalized health has fueled the adoption of nutrigenetic testing services, specifically for optimizing nutrition
• Hence, personalized nutrition is employed to maintain or improve health by using genetic, clinical, and dietary information to provide precise and more efficacious personalized healthy recommendations
• North America is estimated to capture the largest market share owing to the local presence of key industry participants such as 23andMe and AncestryDNA, and the commercialization of FDA approved kits 
• Due to growing investments and skills, in Asia Pacific, the market is expected to grow with the fastest CAGR
• This can majorly be attributed to the advent of knowledge-based innovations and entry of investors focused on personalized genetic screening as well as the presence of research funding agencies

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

Consumer Genomics Market Segmentation

Grand View Research has segmented the global consumer genomics market on the basis of application and region:

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

• Genetic Relatedness
• Diagnostics
• Lifestyle, Wellness, & Nutrition
• Ancestry
• Reproductive Health
• Personalized Medicine & Pharmacogenetic testing
• Sports Nutrition & Health
• Others

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

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

List of Key Players of Consumer Genomics Market

• Ancestry
• Gene By Gene, Ltd. (FamilyTree DNA)
• 23andMe, Inc.
• Color Genomics, Inc
• Myriad Genetics, Inc
• Mapmygenome
• Positive Biosciences, Ltd
• Futura Genetics
• Helix OpCo LLC
• MyHeritage Ltd.
• Pathway Genomics
• Veritas
• Amgen, Inc.
• Xcode Life
• Diagnomics, Inc.
• Toolbox Genomics
• SomaLogic, Inc.
• inui Health (formerly Scanadu)
• AgeCurve
• QuickCheck Health
• Biomeb
• Metabolomic Discoveries GmbH
• Illumina, 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.

2D Barcode Reader Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing by 2028

 

2D Barcode Reader Market Growth & Trends

The global 2D barcode reader market size is expected to reach USD 11.06 billion by 2028, registering a CAGR of 6.7% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The growing preference for online shopping and the subsequent growth in e-commerce and logistics is expected to drive the growth of the market. Businesses in several industries and industry verticals, including retail and manufacturing, are aggressively using barcodes and allied systems to precisely audit the inventory and track individual products or product batches remotely in a large facility. Thus, a barcode scanner becomes a core component for decoding and interpreting the data stored by the barcode. Barcode scanners ensure robust inventory control management and help in improving the accuracy, speed, and efficiency of tracking goods.

The growing preference for online shopping has prompted e-commerce and logistics companies to establish warehouses and distribution centers. Moreover, these companies are aggressively looking to expand the storage space in line with the growing demand for products ordered online. Businesses have also increased their investments to maintain lean operations and enhance their storage facilities. In addition to expanding floor spaces, investments are also being made in automation and worker-augmented solutions, which have become a priority for decision-makers. Decision-makers have realized that 2D barcode readers can be a superior technology to help in automating inventory maintenance and data collection and have hence taken an incremental approach to modernize warehouse operations.

Generally, a warehousing process involves transporting the stock from the supplier’s logistics or production unit to the warehouse. The incoming goods are recorded and stored at their designated locations. These items are retrieved from their storage locations to prepare them for repackaging and shipment. Such processes require data entry at several levels, including product tracking and inventory management. Moreover, distribution centers also require meticulous stock control. Thus, 2D barcode reader systems remain one of the most commonly used technologies for accurate monitoring and identifying products across warehousing facilities.

The Middle East and Africa is expected to emerge as the fastest-growing regional market over the forecast period. The rising number of distribution centers, warehouses, and storage facilities in the region is prompting e-commerce and logistics companies to adopt advanced technologies, such as barcode scanning technologies. The growing demand for 2D barcode readers from businesses in the UAE and Saudi Arabia is particularly anticipated to drive the growth of the regional market over the forecast period.

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2D Barcode Reader Market Report Highlights

• The handheld segment is anticipated to witness the fastest growth over the forecast period. Handheld barcode scanners offer numerous benefits, such as mobility and operational flexibility, as compared to fixed 2D barcode readers, which is projected to fuel the segment growth
• Logistics is anticipated to emerge as the fastest-growing segment over the forecast period. The continuously increasing volumes of online retailing coupled with a wide array of product choices offered to consumers shopping online are expected to drive the adoption of barcode scanning in logistics facilities
• Asia Pacific is projected to account for a majority market share and is expected to reach USD 4.95 billion by 2028. The growth can be attributed to the growing e-commerce and retail industry in the region
• Some of the prominent industry participants include DENSO WAVE INCORPORATED, Cognex Corporation, Datalogic S.p.A., Honeywell International, Inc., and Juniper Systems Inc.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-2d-barcode-reader-market

2D Barcode Reader Market Segmentation

Grand View Research has segmented the global 2D barcode reader market based on product type, application, and region:

2D Barcode Readers Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Handheld
• Fixed

2D Barcode Readers Application Outlook (Revenue, USD Million, 2016 - 2028)

• Warehousing
• Logistics
• E-commerce
• Factory Automation

2D Barcode Readers Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of 2D Barcode Reader Market

• Cognex Corporation
• DENSO WAVE INCORPORATED
• Datalogic S.p.A
• Honeywell International, 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.

Sterilization Equipment Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 

Sterilization Equipment Market Growth & Trends

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

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

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

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Sterilization Equipment Market Report Highlights

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

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

Sterilization Equipment Market Segmentation

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

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

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

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

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

List of Key Players of Sterilization Equipment Market

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

About Grand View Research

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

Electronic Health Records Market Valuation to Reach $35.1 Billion by the end of 2028: Grand View Research Inc.

 

Electronic Health Records Market Growth & Trends

The global electronic health records market size is expected to reach USD 35.1 billion by 2028, registering a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. The web-based EHRs are anticipated to witness the fastest growth over the forecast period. These systems are convenient for use in pharmacies, small-scaled laboratories, and clinics, as they require limited hardware infrastructure, which reduces the cost of installation. Electronic Health Records (EHR) vendors and organizations have initiated to help in curbing the pandemic by making telehealth a mainstream alternative, enhancing data access through EHRs, and collaborating to develop Covid-19 dashboards in detail.

The introduction of electronic health records for medical coding and billing has eased the process as data entering into computerized systems is more convenient than paper-based methods. These systems also minimize the risk of errors in patient data as well as financial details. As per an independent study at the University of Michigan, the cost of outpatient care reduced by 3.0% upon shifting to EHRs from paper-based records. This reduction resulted in USD 5.14 savings per patient per month. In addition, M&A activities by key companies are also boosting the market growth.

For instance, in February 2021, Evident, LLC, a subsidiary of CPSI announced that Texas-based Curahealth Hospitals and Cobalt Rehabilitation, have selected the Evident EHR along with the collection services TruBridge, for three new rehabilitation facilities located in Denver, Colorado; West Houston, Texas; and San Antonio, Texas. Key players are investing in new product launches and collaborations for sustaining in the market. For instance, in August 2020, Cerner Corp. collaborated with Amazon to integrate its EHR solutions with the latter’s wearables, such as Amazon Halo. This would provide greater interoperability to its customers and strengthen its service portfolio.

Request a free sample copy or view report summary: Electronic Health Records Market Report

Electronic Health Records Market Report Highlights

• The web-based product segment dominated the global market in 2020 and is projected to expand further at a steady CAGR from 2021 to 2028 due to the high usage of these systems by physicians
• North America held the highest revenue share in 2020 due to the presence of well-established healthcare infrastructure and favorable government initiatives regarding population health management
• The industry participants are focusing on product launches, partnerships, collaborations, mergers, and acquisitions to sustain the competition
• The ambulatory care segment, which includes physician clinics, laboratories, and pharmacies, is expected to exhibit the fastest CAGR over the forecast period owing to the increasing number of ambulatory care centers globally
• The acute type segment held the maximum market share of over 47% in 2020 due to the government initiatives promoting the usage of EHRs
• Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 owing to the developing healthcare infrastructure in countries, such as Indonesia, China, and India

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

Electronic Health Records Market Segmentation

Grand View Research has segmented the global electronic health records market on the basis of product, type, end-use, business models, and region:

EHR Product Outlook (Revenue, USD Million, 2016 - 2028)

• Client-server-based
• Web-based

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

• Acute
• Ambulatory
• Post-acute

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

• Hospitals
• Ambulatory Care
  • Physician’s Clinic
  • Laboratories
  • Pharmacies

EHR Business Models Outlook (Revenue, USD Million, 2016 - 2028)

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

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

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • The Netherlands
  • Sweden
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Singapore
• Latin America
  • Brazil
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Electronic Health Records (EHR) Market

• Cerner Corp.
• GE Healthcare
• Allscripts Healthcare, LLC
• McKesson Corp.
• Epic Systems Corp.
• NextGen Healthcare, Inc.
• eClinicalWorks
• Medical Information Technology, Inc.
• HMS
• CPSI
• AdvancedMD, Inc.
• DXC Technology Company
• CureMD Healthcare
• Greenway Health, 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.