E-cigarette And Vape Market Plying for Significant Growth During 2021-2028: Grand View Research Inc.

 E-cigarette And Vape Market Growth & Trends

The global e-cigarette and vape market size is expected to reach USD 104.51 billion by 2028, registering a CAGR of 28.1% from 2021 to 2028, according to a new study by Grand View Research, Inc. The push toward COVID-19-based marketing strategies and sales via digital channels is estimated to drive market growth in the post-COVID-19 pandemic era. The rising awareness about consuming smokeless, safe, and ashless tobacco is anticipated to drive market growth. Furthermore, there is an increasing awareness about vaping being an effective method to quit traditional smoking, as it is less toxic and creates vapors instead of smoke. Thus, the adoption of vape devices is expected to increase over the forecast period, particularly among individuals smoking for recreation and among smokers working toward quitting smoking altogether.

Several countries across the globe have witnessed an increase in indoor smoking owing to lockdowns announced amid the COVID-19 pandemic. However, vape shops remained open and were functional during the lockdown in countries such as Italy. To cash in on the rising demand for vape products, numerous vendors are adopting unique marketing strategies and offering their products through online platforms. For instance, MyVapery/Xyfil, a British nicotine liquid manufacturer, is offering free hand sanitizers in the same bottles as the company’s flavored nicotine e-liquids.

The growing concerns over conventional cigarettes among various age groups have boosted the demand for relatively less-toxic e-cigarettes and vape products. Market players are launching various e-liquid flavors in the market to cater to the evolving preferences of customers, thereby stimulating market growth. However, e-cigarettes are often associated with conventional cigarettes and hence, tend to attract criticism, a factor expected to restrain the market growth.

Market participants in the e-cigarette industry are prominent players in the market that own a significant market share. These companies have largely invested in e-cigarettes as they are expected to be an effective alternative solution for tobacco consumption. However, the industry is characterized by the presence of various smaller niche players that offer efficient vape devices and e-liquKids, thereby, acquiring a large customer base gradually. Small companies usually outsource the manufacturing of e-cigarettes to Asian countries such as China to price their products competitively.

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E-cigarette And Vape Market Report Highlights

• The modular device segment is anticipated to emerge as the fastest-growing segment over the forecast period. Modular devices allow users to adjust the vapor output according to their preference. High customizability is expected to drive the segment growth over the forecast period
• E-liquid segment is anticipated to emerge as the fastest-growing segment from 2021 to 2028. The tobacco-free composition of e-liquids and the availability of various flavors such as chocolate, menthol, and blueberry, along with a range of fruit flavors, make these products appealing and acceptable. This is expected to drive the segment growth
• The online platform segment is expected to register a significant CAGR over the forecast period. The increasing use of social media applications such as WhatsApp, Instagram, and Facebook to promote and sell vape devices is anticipated to drive the growth of the online distribution channel
• North America accounted for the highest market share in terms of revenue in 2020 owing to the extensive presence of prominent players such as Altria Group, Inc. and Philip Morris International Inc., which hold a significant share of the North American market

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E-cigarette And Vape Market Segmentation

Grand View Research has segmented the global e-cigarette and vape market based on product, component, distribution channel, and region:

E-cigarette & Vape Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• Disposable
• Rechargeable
• Modular Devices

E-cigarette & Vape Component Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• Atomizer
• Vape Mod
• Cartomizer
• E-liquid

E-cigarette & Vape Distribution Channel Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• Online
• Retail
  • Convenience Store
  • Drug Store
  • Newsstand
  • Tobacconist Store
  • Specialty E-cigarette Store

E-cigarette & Vape Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • South Korea
  • Japan
• Latin America
  • Brazil
• MEA

List of Key Players in the E-cigarette And Vape Market

• Altria Group, Inc.
• British American Tobacco
• Imperial Brands
• International Vapor Group
• Japan Tobacco Inc.
• NicQuid
• JUUL Labs, Inc.
• Philip Morris International Inc.
• J. Reynolds Vapor Company
• Shenzhen IVPS Technology Co., Ltd.
• Shenzhen KangerTech 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.

Viral Vector Production (Research-use) Market To Reap Over USD 3.9 Billion In Revenues By End Of 2028: Grand View Research Inc.

 Viral Vector Production (Research-use) Market Growth & Trends 

The global viral vector production (research-use) market size is expected to reach USD 3.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.8% from 2021 to 2028. The expanding research base for advanced therapies has primarily driven the market for research applications including preclinical, clinical, and investigational studies.

The outbreak of the COVID-19 pandemic has created lucrative opportunities for the market players, particularly in the vaccine manufacturing sector. The application of viral vectors in vaccine development against SARS-CoV-2 has witnessed remarkable growth in the fiscal year 2020. By far, the manufacturing of viral vectors for research use is impeded by a lack of production capacity to fulfill the growing market needs.

Thus, operating key stakeholders are engaged in implementing new approaches to overcome these challenges and expand production capacities. The improving ratio of clinical success to the number of clinical trials of gene and cell therapy products is a testament to the enhancing manufacturing capabilities.

Currently, several new gene therapy products are in the late stages of development and the pipeline continues to expand across the globe. The forward momentum for the advanced therapy arena is anticipated to drive investment to conduct research for the development of safe viral vectors and therapies.

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Viral Vector Production (Research-use) Market Report Highlights

• Adeno-associated virus (AAV) accounted for the largest revenue share in 2020. Proven records of non-pathogenicity are one of the important key factors boosting the adoption of this segment
• Recently, usage of AAV is rising considerably across several therapeutic areas, consequently witnessing a significant boost in adoption rate throughout the forecast period
• In terms of revenue share, the downstream processing segment dominated the market in 2020 owing to highly complex polishing and purification procedures of final products
• Furthermore, the growing demand for viral vectors due to their increased adoption as therapeutics has led to an increase in the need for optimizing downstream and upstream workflows
• This is driving investment flow in both segments, resulting in a significant share of upstream processing
• Given the extensive efforts in COVID-19 vaccinedevelopment, the application of viral vectors in the vaccine development segment has witnessed tremendous growth, resulting in the largest revenue share of this segment in 2020
• The research institutes segment dominated the market in terms of revenue share in 2020. The increasing involvement of scientific communities in gene and cell therapy research has driven the revenue flow in this segment
• North America captured the maximum revenue share in 2020 with the U.S. at the forefront
• One major factor that has contributed to the larger share of this regional market is the presence of a substantial number of centers and institutes that are engaged in the R&D of advanced therapies
• Investments made by the federal bodies for the expansion of cell therapy research base in the region are anticipated to enhance the growth of the market in North America
• The key market players are engaged in collaboration with pharma companies to serve their viral-vector-based research needs pertaining to advanced therapy development

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Viral Vector Production (Research-use) Market Segmentation

Grand View Research has segmented the global viral vector production (research-use) market on the basis of vector type, application, workflow, end-use, and region:

Viral Vector Production (Research-use) Vector Type Outlook (Revenue, USD Million, 2017 - 2028)

• Adeno-associated virus (AAV)
• Lentivirus
• Adenovirus
• Retrovirus
• Others

Viral Vector Production (Research-use) Application Outlook (Revenue, USD Million, 2017 - 2028)

• Cell & Gene Therapy Development
• Vaccine Development
• Biopharmaceutical and Pharmaceutical Discovery
• Biomedical Research

Viral Vector Production (Research-use) Workflow Outlook (Revenue, USD Million, 2017 - 2028)

• Upstream Processing
  • Vector Amplification & Expansion
  • Vector Recovery/Harvesting
• Downstream Processing
  • Purification
  • Fill-finish

Viral Vector Production (Research-use) End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Pharmaceutical and Biopharmaceutical Companies
• Research Institutes

Viral Vector Production (Research-use) Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Viral Vector Production (Research-use) Market

• Merck KGaA
• Lonza
• FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
• Cobra Biologics Ltd.
• Thermo Fisher Scientific
• Waisman Biomanufacturing
• Genezen
• YPOSKESI
• Advanced BioScience Laboratories, Inc. (ABL, Inc.)
• Novasep Holding S.A.S
• Orgenesis Biotech Israel Ltd (formerly ATVIO Biotech ltd.)
• Vigene Biosciences, Inc.
• General Electric Company (GE Healthcare)
• CEVEC Pharmaceuticals GmbH
• Batavia Biosciences B.V.
• Biovion oy
• Wuxi AppTec Co., Ltd.
• VGXI, Inc.
• Catalent Inc.
• Miltenyi Biotec GmbH
• SIRION Biotech GmbH
• Virovek Incorporation
• BioNTech IMFS GmbH
• VIVEbiotech S.L.
• Creative Biogene
• Vibalogics GmbH
• Takara Bio.
• Cell and Gene Therapy Catapult
• BlueBird Bio
• Addgene, Inc.
• Aldevron, L.L.C.
• Audentes Therapeutics
• BioMarin Pharmaceutical
• RegenxBio, 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.

Recycled Polyethylene Terephthalate Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Recycled Polyethylene Terephthalate Market Growth & Trends

The global recycled polyethylene terephthalate market size is expected to reach USD 14.40 billion by 2028, according to a new study by Grand View Research, Inc., growing at a CAGR of 6.7% over the forecast period. The growing beverage industry in countries, such as China, India, Japan, South Korea, Vietnam, and the Philippines, as well as increasing demand for Recycled Polyethylene Terephthalate (rPET) in non-food sectors, is expected to drive the global market over the forecast period.

Recycled PET is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET. Clear was the largest type of rPET in 2020 and the product is expected to continue dominating the global market owing to the high demand in the production of bottles and sheets. Clear recycled PET is widely used in multiple applications, such as in the production of resins and fibers.

Rising concerns about the sustainability of natural resources in the developing economies of North America and Europe are expected to have a positive influence on the product demand over the forecast period. The shift in preference toward establishing manufacturing units in the Asia Pacific region, especially in China, India, Vietnam, Indonesia, and Thailand, is also expected to propel the product demand. The non-food containers and bottles end-use segment is expected to grow at a steady rate over the forecast period.

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Recycled Polyethylene Terephthalate Market Report Highlights

• The global market was valued at USD 8.6 billion in 2020 and is estimated to grow at a CAGR of 6.7% from 2021 to 2028
• The clear product segment accounted for the largest revenue share in 2020 and is anticipated to retain its dominance throughout the forecast period
• Low energy requirements and ease of bottle-to-bottle recycling are expected to drive the demand for clear recycled PET over the forecast period
• The food & beverage containers & bottles end-use segment is projected to register the fastest CAGR over the forecast period
• In terms of revenue, Asia Pacific dominated the global market and is projected to expand further at a steady CAGR over the forecast period
• The growth can be credited to the presence of a strong manufacturing industry wherein rPET is widely used across several applications
• North America is projected to grow at a significant CAGR over the forecast period owing to the presence of several key end-use industries, such as FMCG, consumer goods, clothing & textile, and automobile, and the anticipated surge in recycled plastic adoption in these industries

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Recycled Polyethylene Terephthalate Market Segmentation

Grand View Research has segmented the global recycled polyethylene terephthalate market on the basis of product, end-use, and region:

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

• Clear
• Colored

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

• Fiber
• Sheet & Film
• Strapping
• Food & Beverage Bottles & Containers
• Non-Food Bottles & Containers
• Others

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

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Sweden
  • UK.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

List of Key Players of Recycled Polyethylene Terephthalate (rPET) Market

• PLACON
• Verdeco Recycling, Inc.
• Indorama Ventures Public Ltd.
• POLYQUEST
• Evergreen Plastics, Inc.
• Libolon

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.

Scaffold Technology Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 Scaffold Technology Market Growth & Trends

The global scaffold technology market size is expected to reach USD 2.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.4% from 2021 to 2028. The market growth can be primarily attributed to the growing popularity of bioprinting for mimicking the tissue microenvironment in printed 3D tissue models. The need to expand the horizon of multidisciplinary research areas has supplemented the adoption of scaffold technologies in 3D printed models.

For instance, in October 2021, researchers integrated novel biomaterial scaffold-guided regeneration for multiple periodontal tissues. The incorporation of advanced imaging modalities along with 3D printing has facilitated non-invasive tracking of in vivo degradation of scaffolds. The advent of such technologies is expected to propel the adoption of scaffolds in tissue engineering and regeneration, thereby providing considerable momentum to market growth.

Additionally, the development of novel diagnostic and therapeutic strategies such as tissue engineering, regenerative medicine, have been largely favored in the wake of the pandemic outbreak of SARS-COV-2 infection. Expanding research activities in the field of tissue engineering have led to the advent of scaffold-based vaccine systems, which have the potential tocombatCOVID-19. Progress in this area is expected to cause a surge in the adoption of advanced medical technologies in COVID-19 vaccine development and research.

Furthermore, researchers are proactively using in vitro human lung tissue models developed using tissue-engineered for the understanding of mechanisms of the infection and host-pathogen interface. The application of tissue engineering is used for culturing multiple pulmonary cell lines, improving the relevance of in vitro models, and the use of 3D scaffolds that mimic native pulmonary architecture.

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Scaffold Technology Market Report Highlights

• The hydrogels segment dominated the market in terms of revenue in 2020 owing to advantages such as high biocompatibility, thermal reversibility, and strong cellular activities, contributing to its increasing adoption rate
• The nanofiber-based scaffolds segment is expected to witness lucrative growth owing to the growing advancements such as 3D molding for developing 3D nanofiber membranes
• The stem cell therapy, regenerative medicine, and tissue engineering segment held the largest revenue share in 2020
• This growth is attributed to the expanding adoption of scaffolds in the aesthetic procedure, wound healing, periodontology, and colorectal surgeries
• The drug discovery segment is expected to witness the fastest CAGR over the forecast period
• Scaffolds play a vital role in the elucidation of molecular reasons for the activity of drug candidate in toxicity screening procedures, which is expected to impact the growth of medical technology in this segment
• The orthopedics, musculoskeletal, and spine segment held a substantial market share in 2020 due to an increase in the popularity of regenerative medicines
• Regenerative medicines can offer various lower risk substitutes to allograft surgery, thereby supplementing the adoption of the technology in this segment
• The biotechnology and pharmaceutical industries segment dominated the market in terms of revenue share in 2020 owing to their high engagement in new drug discovery and development
• 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
• Companies operating in the market are entering into partnership for developing 3D cell culture models
• For instance, in March 2021, PELOBiotech GmbH entered in partnership with Rigenerand SRL for developing 3D Cell Culture models. The company distributed its VITVO handheld bioreactor which is integrated with a scaffold for establishing in vitro 3D cell culture model that is used in pre-clinical investigations and research applications

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Scaffold Technology Market Segmentation

Grand View Research has segmented the global scaffold technology market based on type, application, disease type, end-use, and region:

Scaffold Technology Type Outlook (Revenue, USD Million, 2017 - 2028)

• Hydrogels
  • Polymeric
  • Micropatterned Surface Microplates
  • Nanofiber-based
• Wound Healing
• 3D Bioprinting
• Immunomodulation

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

• Stem Cell Therapy, Regenerative Medicine, & Tissue Engineering
• Drug Discovery
• Others

Scaffold Technology Disease Type Outlook (Revenue, USD Million, 2017 - 2028)

• Orthopedics, Musculoskeletal, & Spine
• Cancer
• Skin & Integumentary
• Dental
• Cardiology & Vascular
• Neurology
• Urology
• GI, Gynecology
• Others

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

• Biotechnology and Pharmaceutical Industries
• Research Laboratories and Institutes
• Hospitals and Diagnostic Centers
• Others

Scaffold Technology 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 Scaffold Technology Market

• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Becton, Dickinson, and Company
• 3D Biotek LLC
• Xanofi
• Molecular Matrix, Inc.
• Tecan Trading AG
• REPROCELL Inc.
• Matricel GmbH
• Pelobiotech
• Corning Incorporated
• Akron Biotech
• Avacta Life Sciences Limited.
• Nanofiber Solutions
• 4titude
• Bioquote Ltd
• Vericel Corporation
• NuVasive, Inc.
• Allergan
• Medtronic

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 Electronics Market Size Projected to Rise Lucratively during the Forecast Period: Grand View Research Inc.

 

Automotive Electronics Market Growth & Trends

The global automotive electronics market size is expected to reach USD 392.49 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.9% from 2021 to 2028. Increasing safety and security concerns to curb the rising road fatalities in developed and developing economies across the globe are the factors anticipated to drive the demand for automotive electronics. The rising demand for electric vehicles, autonomous vehicles, and state-of-the-art vehicle technology is also expected to fuel the market growth. Accident data recorder systems, emergency call systems, and alcohol ignition interlocks are some of the prominent technologically advanced features that are expected to drive the market growth over the forecast period.

The availability of advanced safety systems with features such as blind-spot detection and automatic emergency braking at lower costs has led to the increased implementation of these systems. This, in turn, is expected to boost the adoption of automotive ECUs and sensors used in these systems, subsequently fueling the market growth. Moreover, these features adhere to government rules and regulations and are anticipated to pave the way for adopting autonomous vehicles. The ECUs and sensors are used for controlling the electronic functions in these vehicles, thereby increasing the demand for these components.

The COVID-19 pandemic has negatively impacted the demand for automotive electronics in 2020. The implementation of lockdowns and social distancing norms globally has led to losses for industries such as manufacturing, automotive, entertainment, restaurant, and hospitality. The overall vehicle production volumes declined globally on a year-on-year basis, mainly due to the decrease in production volumes in North America and Europe, among other regions. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), global automobile production dropped by more than 15% i.e., 77.6 million units in 2020 as compared to 91.7 million units in 2019. However, as governments begin to gradually relax lockdown norms and allow businesses to operate with mandates of social distancing, the market can expect a period of respite for the short-term due to the growing demand for cars from the middle-class populations.

The market for automotive electronics is also affected by the recent semiconductor chip shortages globally. The semiconductor chip supply crunch, powered by the pandemic supply-chain gyrations and rising demand, has majorly affected the automakers, forcing them to temporarily halt production in their factories. In April 2021, General Motors and Ford announced plans to temporarily shut down their factories due to a shortage of semiconductor chips. The chaotic ordering from the automotive OEMs makes it harder for chipmakers to understand where they need to allocate supply to meet the real and short-term needs.

The Asia Pacific regional market captured around 41% of the overall automotive electronics demand in 2020 and is estimated to register the highest CAGR of 8.3% over the forecast period. The demand in the Asia Pacific region is largely fulfilled by China, India, and Japan. China is the world's largest manufacturing hub and one of the fastest-growing economies. The Chinese automotive manufacturers are leveraging favorable market conditions to take the lead and dominate the market. Moreover, the Make in India campaign is expected to draw investments in the automotive sector, thus boosting the demand for automotive electronics.

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Automotive Electronics Market Report Highlights

• In terms of component, the sensors segment is estimated to expand at the highest CAGR of around 9.2% over the forecast period. This can be attributed to favorable government initiatives for passenger safety and security in various regions
• In terms of application, the safety system emerged as the largest segment in 2020. Increasing customer awareness about technological changes related to safety equipment in vehicles is expected to act as a potential driver for the growth of the safety systems segment
• In terms of sales channel, the OEM segment emerged as the largest segment in 2020 owing to the increased durability and shelf-life of electronic components
• The Asia Pacific region held the largest market share in 2020. This can be attributed to the increasing production of vehicles in India, China, and Japan

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Automotive Electronics Market Segmentation

Grand View Research has segmented the global automotive electronics market based on component, application, sales channel, and region:

Automotive Electronics Component Outlook (Revenue, USD Million, 2016 - 2028)

• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

Automotive Electronics Application Outlook (Revenue, USD Million, 2016 - 2028)

• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain Electronics

Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)

• OEM
• Aftermarket

Automotive Electronics Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Automotive Electronics Market

• Continental AG
• DENSO Corporation
• Hella GmbH& Co. KGaA
• Infineon Technologies AG
• Robert Bosch GmbH
• Valeo Inc.
• ZF Friedrichshafen AG
• Hitachi Automotive Systems, Ltd.
• Visteon Corporation
• Xilinx, 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.

Magnetic Resonance Imaging Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 

Magnetic Resonance Imaging or MRI or sometimes called nuclear magnetic resonance is specifically suitable to provide images of the internal organs. Unlike other imaging methods, such as CT scan or X-Ray, the risk of harmful radiation is omitted in the case of magnetic resonance imaging.

Before discussing most imperative questions regarding magnetic resonance imaging (MRI), we should firstly understand the meaning of MRI, how it works, and its uses.

Let’s dive in.

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What is Magnetic Resonance Imaging (MRI)?

Magnetic Resonance Imaging (MRI) is an imaging method that uses magnetic waves to obtain detailed images of organs inside a body. The primary objective of MRI is to detect potential or present diseases in a body such as tumors, risks involving stroke, heart diseases, evaluation of kidney, pelvic organs, and many others.

The MRI scanner is an efficient diagnostic machine in a shape of a tube surrounded by a giant circular magnet. During the process of scanning, the patient is made to lie inside the machine. A heavy magnetic field is generated by the magnet, which aligns the protons of hydrogen atoms, which are then subjected to a beam of radio waves. The numerous protons in the body move, producing a faint signal that is sensed by the MRI scanner’s receiver component. The receiver information is processed by a computer, which results in a photograph.

What are the Uses of MRI scan?

When other tests fail to provide enough evidence to validate a patient’s diagnosis, an MRI scan may be used as an incredibly reliable means of disease identification in the body. It is often used after other research fails to provide enough information to confirm a patient’s diagnosis.

For instance, a magnetic resonance imaging scan is used by neurosurgeons not only to determine brain structure but also to assess the spinal cord’s stability following trauma. It’s often used for dealing with issues involving the spine’s vertebrae or intervertebral discs.

Why does an MRI machine make loud noise while scanning?

As we all know now, a powerful magnetic field is used in an MRI scan. During the scan, a superconducting magnet creates a solid base magnetic field. A series of electromagnets coiled in 3-axis within the magnet undergoes a slight, predictable change in field strength in each direction. The wires within the epoxy casing travel and create noise as the electromagnets are turned on and off.

Major differences between CT scan, X-Ray, and MRI?

CT scan, MRI, or X-Ray are not new terminologies in the healthcare sector. Doctors have been using these machines for ages to detect what is going inside our body. These images can help in screening for possible medical conditions before symptoms appear along with diagnosing the cause of existing symptoms or monitor health conditions that have been diagnosed and the effects of treatment for them. To just name of few, different types of imaging include CT scan, X-rays, MRI, and Ultrasound. Each of these imaging types uses different technology to create an image of our body. Let’s discuss a few of these imaging types and understand the major differences between them.

X-Rays vs Ct Scan vs MRI (Infographic)

Discussing if there are any health risks related to MRI scan, or it’s all myth.

MRI scan is fairly a risk-free scan but there are some minor risks involved during the procedure. However, there is no major health risk related to MRI as it doesn’t involve the use of radiation.

Since an MRI scan is performed inside a very powerful magnetic field, it is necessary to remove all metallic objects before the scan, including hearing aids, watches, jewelry, mobile phones, and cloths with metallic threads or fasteners. Additionally, it is advisable to remove all lipstick, nail polish, or other products that may contain metallic particles.

A contrast agent known as gadolinium is inserted into a vein during specific MRI exams to help enhance the detail seen on the magnetic resonance images. Gadolinium does not contain iodine, unlike contrast products used in x-ray exams or CT scans, and therefore rarely induces an allergic reaction or other problem.

Claustrophobia is another risk associated with an MRI scan. Though an individual can opt for an Open MRI, the possibility of which can be discussed with the doctor.

Future of Magnetic Resonance Imaging (MRI)

MRI has been at the pinnacle of medical imaging, having a huge impact on many developments in diagnostic radiology. Most of the developing countries have benefitted from advancements in MRI hardware and applications.

So, where is MRI technology heading?

Well, the biggest manufacturers and researchers across the world are trying to take MRI technology towards portability. The current MRI machines are hefty and bulky which needs an entire room for it. In several cases, a portable MRI can be beneficial for the assessment of treatment. One such portable MRI launched by Hyperfine was launched in 2020 to scan the head, neck and, other extremities in about any clinical setting. The portable MRI can be used in emergency rooms, intensive care units, and places where a clinical MRI can’t be accessed.

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Pharmaceutical Analytical Testing Outsourcing Market Expected to Witness a Sustainable Growth over 2028

  

Do you remember when we go to the office, what is the expectation of our boss from us?

Quality work submitted on time. Maybe?

When we look back to our school and college time, isn’t the same thing that our teacher used to expect from our assignments?

Even today, is quality, not our topmost priority when we do some work or when somebody is doing something for us?

Henceforth, QUALITY IS IMPORTANT.

Just like for us, quality work is also important in the pharmaceutical industry whether it’s method validation, tech transfer, microbiological testing, or method development. In this regard, here what people working in this industry has to say:

“Quality results are what pharma wants; rarely do we hear complaints about cost.”

Michael Crowley, Ph.D., M.S., B.S., Vice President business development, PharmaForm

“The key to everything in our industry is quality. Not only does this refer to the quality of the data, but also the quality and reliability in delivery; the quality of the relationship as well as trust; quality associated with regulatory adherence; quality associated with the communication; quality of the science and people; and quality in working through problems and issues.”

Randall Guthrie, Vice President, Xcelience, LLC

“Price rarely comes up in conversation with clients.”

Request a free sample copy or view report summary: Pharmaceutical Analytical Testing Outsourcing Market Report

Frank Santillo, Ph.D., senior director of research services for Bilcare Global Clinical Services

Increasing R&D budgets and investments in drug discovery are among the critical sustainability strategies for pharmaceutical companies. Not all companies have an infrastructure that is conducive to all types of analytical testing. Hence, outsourcing these operations is the most suitable option, which also helps save time and cost.

Other factors, such as the increasing need for product safety & quality, along with changing regulations for in vivo and in vitro tests are also expected to propel the growth of the market. For instance, the government of China issued a notification to upgrade the quality of generic drugs, remove the backlog of drug applications, improve the quality and transparency of the review and approval process, and encourage new drug R&D in line with global development.

Some key points to note:

• As per the latest report by Grand View Research, the global pharmaceutical analytical testing outsourcing market size was valued at USD 6.54 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% over the forecast period.
• Innovation in the pharmaceutical industry, increasing focus on regulation, safety & quality, rising number of end-users, and pricing benefits of outsourcing are the key factors driving the market.
• In several nations, analytical laboratories are considered to be a part of the essential healthcare infrastructure, thus analytical studies were continued with minimal or no initial disruptions due to COVID-19.
• The Asia Pacific is expected to be the fastest-growing regional market from 2021 to 2028 as a lot of developed countries are investing in countries in this region.
• Some prominent players in the global pharmaceutical analytical testing outsourcing market include:
  • SGS SA
  • Toxikon, Inc.
  • Eurofins Scientific
  • Pace Analytical Services, Inc.
  • Intertek Group Plc
  • Pharmaceutical Product Development, LLC.
  • WuXi AppTec, Inc.
  • Boston Analytical
  • Charles River Laboratories International, Inc.
  • West Pharmaceutical Services Inc.

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Medical Device Outsourcing Market Poised for Robust Value CAGR of Over 11.2% Through 2028

 Today’s Covid-19 pandemic world shows a macrocosm of the challenges for companies in the life sciences field. The global Covid-19 death toll surpassed three million and new cases continue to spike as we head into the second quarter of the year. However, the medical device companies are still striving to adapt to the rapidly changing needs of the healthcare system and the supply chain ecosystem– whether it’s dealing with the decline in sales of elective surgery equipment or struggling to keep up with the mounting demand for ventilators, personal protective equipment, testing equipment, and oxygen cylinders, which has been overwhelming. Therefore, most of the companies have made a shift toward outsourcing R&D services to reduce costs, hasten product market entry, and minimize business risks, and thus fuel the overall market growth.

Request a free sample copy or view report summary: Medical Device Outsourcing Market Report

On top of that, the medtech industry is working out the optimal ways to respond to the enormous disruptions caused by Covid-19 outbreak that hampered daily working life. Device development, recruitment, sales, quality management, and medical investigations aren’t an optional measure for most device manufacturing companies. Since they want to stay afloat during this extraordinary period of disruption, they have distributed these functions under the yoke of social distancing norms, while wholly justified, making it difficult than ever to collaborate effectually.

As the supply chains adapt to a reformed distanced world, let’s check out the benefits of outsourcing your medical checklist.

Capitalize on resources: Medical device outsourcing empowers OEMs to take advantage of the available third-party resources. It eliminates the need to store or source them locally and is more cost-effective. Countries including China, Korea, and Taiwan are top medical device manufacturers. It is therefore more viable for US-based companies to outsource manufacturing operations overseas.  

Focus on core activities: given the time saved because of outsourcing, companies can better utilize their time and local resources on improving other core activities such as marketing, R&D of new devices, and promotion of existing products.

Data and information security: One of the key pressing challenges in medical device manufacturing activities is the threat of private information breach. In the outsourcing process, companies are becoming more aware and informed to avoid such breaches with the help of security contracts.

Reimbursement policies: The incessant pressure on companies to reduce the product costs is hampering the medical device market. Though there is a protuberant surge in healthcare expenditure, many medical providers are still unwilling to reimburse medical devices. However, reformed reimbursement policies are likely to ace the outsourcing infrastructure in the coming years

Medical Device Outsourcing Market Highlights

• The contract manufacturing was the leading segment in 2020 with a revenue share of 55.4% and is anticipated to retain its position throughout the forecast period

• The market is driven by the increasing outsourcing activities by OEMs to third-party manufacturers, particularly in emerging countries

• Asia Pacific was the dominant regional market in 2020 and can be attributed to the easy availability of skilled human resources

List of Key Players of Medical Device Outsourcing Market

• SGS SA
• IQVIA
• Toxikon, Inc.
• Eurofins Scientific SE
• Pace Analytical Services, Inc.
• Intertek Group plc
• WuXi AppTec, Inc.
• North American Science Associates, Inc.
• Charles River Laboratories International, Inc.
• PAREXEL International Corp.

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Industries need to adopt permanent, long-term solutions to challenges that arose due to the COVID-19 pandemic. Groundbreaking innovations resolving supply chain resiliency, coupled with product supply chain lifecycle management are the vital pillars to pivot adequacy in the face of an unexpected event in the future. Global supply chains are here to stay and investing in building a strong supply base and risk management systems such as predictive supply chain management is considered the best road to tread in the post-COVID world.

Outdoor Solar LED Market Estimated To Flourish By 2028: Grand View Research Inc.

 Outdoor Solar LED Market Growth & Trends

The global outdoor solar LED market size is expected to reach USD 24.75 billion by 2028, registering a CAGR of 24.6% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The use of solar PV cells in urban spaces for outdoor lighting applications has substantially increased over the last couple of years. The increased demand for these products can be attributed to their benefits on the fronts of energy efficiency, maintenance cost, and power cost over traditional lighting. As of 2020, the Europe market, closely following the Asia Pacific market in terms of market size, has witnessed a slight uptick in market demand with favorable regulations and incentive schemes supporting large-scale adoption.

Such government rebates and initiatives aimed at creating awareness about green, energy-saving products are anticipated to drive the adoption of solar LED products in commercial applications. For instance, Pacific Gas and Electric Company (PG&E), a U.S.-based combined electric energy company, provides zero percent interest loans to non-residential customers for energy-saving projects, including implementing solar LED lighting systems. Similarly, the U.K. government implemented the Enhanced Capital Allowance (ECA) initiative to promote the adoption of energy-efficient lighting solutions among businesses in exchange for tax benefits.

Solar LEDs are also making their way in the DIY/decorative lights category. Several residential owners are spending on solar LEDs as a part of small-scale residential landscape projects and events. Furthermore, to promote the adoption of renewable and energy-efficient products such as solar lightings and LEDs, several utilities, and local governing bodies are offering rebates and discount schemes for residential owners. Thus, the increasing awareness about energy conservation and collaborative efforts taken by governments are likely to drive the adoption of solar LEDs in the residential sector.

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Outdoor Solar LED Market Report Highlights

• In terms of application, the solar garden LED lights segment is expected to register the highest CAGR over the forecast period. The increasing spending on garden landscape designing in the residential and commercial spaces, to make the gardens aesthetically pleasing, is expected to drive the adoption of solar garden LEDs over the forecast period
• In terms of wattage, the 40W to 149W segment captured the largest revenue share in 2020. These products are gaining popularity due to their attributes such as higher lumen and brightness, which make them particularly suitable for landscaping and street lighting applications
• The demand for outdoor solar LEDs in commercial spaces is estimated to record a CAGR of around 25% from 2021 to 2028. The often large scale of commercial projects calls for a large number of lighting products, which is expected to favor the segment growth
• With an increase in infrastructure development projects in China, India, and Japan, the Asia Pacific market held a substantial market share exceeding 40.0% in 2020 Growing investments in renewable and energy-saving programs across several countries in the region are anticipated to favor the growth of the regional market over the forecast period

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

Outdoor Solar LED Market Segmentation

Grand View Research has segmented the global outdoor solar LED market based on application, wattage, end-use, and region:

Outdoor Solar LED Application Outlook (Revenue, USD Million, 2016 - 2028)

• Solar LED Street Lights
• Solar Garden LED Lights
• Solar LED Floodlights
• Solar LED Area Lights
• Solar LED Spot Lights

Outdoor Solar LED Wattage Outlook (Revenue, USD Million, 2016 - 2028)

• Less than 39W
• 40W to 149W
• More than 150W

Outdoor Solar LED End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial
• Industrial

Outdoor Solar LED Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Southeast Asia
  • South Asia
• Latin America
  • Brazil
  • Mexico
• MEA

List of Key Players of the Outdoor Solar LED Market

• Solar Street Lights USA
• OkSolar
• SOLTECH
• Jiangsu Beier Lighting Electrical Appliance Co., Ltd.
• SEPCO Solar Electric Power Company
• Jiawei

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.

Sparkling Coffee Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Sparkling Coffee Market Growth & Trends

The global sparkling coffee market size is expected to reach USD 1.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.0% from 2021 to 2028. The high consumption of coffee across Europe and North America has been driving the market. Furthermore, increasing preference for convenient ready-to-drink (RTD) beverages has been boosting the sales of RTD coffee over the world.

With the rise in demand for healthier alternatives to soda and carbonated options, without compromising on the taste and texture of carbonation, sparkling coffee witnesses an increased demand globally. Consumers are looking for good alternatives that can help reduce their intake of added sugar while also receive some additional health benefits. This trend is foreseen to remain prevalent over the forecast period and provide the market with numerous growth opportunities.

The caffeinated product segment dominated the market with more than 80.0% share in 2020. The growing demand for healthy energy drinks due to the rising concerns over personal health and wellness is anticipated to boost the growth of this segment. Caffeine in drinks helps in increasing alertness and concentration throughout the day. Moreover, the introduction of new flavors along with caffeine is expected to drive the demand for these products.

Major players in the market for sparkling coffee have significant reach in hypermarket and supermarket, grocery, convenience, and other local stores as customers are developing interest to try new coffee trends in such convenient places. Local liquor stores also sell the drink in some countries. For Instance, in the U.S., sparkling coffee offered by DrinkVIVIC is available in Big Mac's Liquor, Lawlers Liquors, and M&B Liquors. The growing niche market of sparkling coffee has been attracting new players, and hence competition has been intensifying over the last few years.

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Sparkling Coffee Market Report Highlights

• By product, the decaffeinated segment is expected to register the fastest growth rate of 13.4% from 2021 to 2028
• The online distribution channel segment is expected to register the fastest CAGR of 13.7% from 2021 to 2028 owing to the increasing adoption of e-commerce among the young consumers
• North America held the largest share of more than 45.0% in 2020 owing to the presence of several companies in the region
• The caffeinated product segment held the largest share of more than 80.0% in 2020

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

Sparkling Coffee Market Segmentation

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

Sparkling Coffee Product Outlook (Revenue, USD Million, 2016 - 2028)

• Caffeinated
• Decaffeinated

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

• Hypermarket & Supermarket
• Convenience Stores
• Online
• Others

Sparkling Coffee Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • Italy
  • Spain
  • France
• Rest of the World

List of Key Players of Sparkling Coffee Market

• DrinkVIVIC
• MATCHLESS COFFEE SODA
• Keepers Sparkling Coffee
• Upruit
• Union Coffee
• Paulig
• Slingshot Coffee Co.
• Nongfu Spring
• Stumptown Coffee Roasters
• Manhattan Special

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.