Plastic Compounding Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Plastic Compounding Market Growth & Trends

The global plastic compounding market size is anticipated to reach USD 93.1 billion by 2028, according to a report by Grand View Research, Inc., growing at a CAGR of 5.5% over the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires & cables industries is anticipated to fuel the market growth.

However, the COVID-19 outbreak has affected the raw material prices of plastic compounding. Recently, crude oil prices slumped due to the global pandemic. A decline in demand, halts or slowdowns in the manufacturing industry, and restrictions in supply & travel are resulting in the reduction of crude oil prices. Thus, the raw material providers who can procure or store crude oil in the current situation can generate a significant profit margin.

Polyethylene Terephthalate (PET) is the plastic used for manufacturing bottle containers that are used for packaged water and carbonated beverages. As a raw material, PET is recognized as a safe, strong, flexible, non-toxic, and lightweight material that is 100% recyclable. Hence, it has gained wide acceptability and, in turn, is anticipated to drive the market growth over the forecast period.

Asia Pacific was the leading market for the PET compound segment in 2019. Ever-increasing demand for beverages, mainly carbonated and nutritional drinks, is anticipated to drive the regional consumption of PET compounds. This trend is favored by a rise in population, changing lifestyles, and the emergence of domestic beverage manufacturers. The presence of a large pool of contract bottlers in the region shall also increase the scope of the packaging application segment.

Traditionally, the construction industry has been a major consumer of plastics with product applications ranging from pipe fittings and insulation to masonry materials and equipment. Plastic compounds are modified in accordance with their requirements. For instance, flame retardant additives are added to Polyvinyl Chloride (PVC) compounds.

Developing countries, such as Mexico, are expected to benefit from the rising construction spending and inclination of consumers toward utilizing sustainable and lightweight building materials in place of conventional materials. The expanding automotive sector and changing consumer buying behavior, from considering cars as luxuries to necessities, are also significant factors anticipated to boost the plastics sector growth.

The COVID-19 pandemic has affected the revenue generation of the companies operating in the global market. For instance, SABIC, one of the prominent players, witnessed a decline in revenue in the first quarter of 2020 by 18% as compared to the first quarter of 2019 due to decreased product demand as a result of challenges in supply/demand balance caused by the pandemic.

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Plastic Compounding Market Report Highlights

• The global market was valued at USD 61.4 billion in 2020 and is estimated to grow at a CAGR of 5.5% from 2021 to 2028
• In terms of revenue, Polypropylene (PP) held the largest revenue share in 2020 as it is the most consumed product
• High demand for PP from the global packaging and medical device industries is estimated to drive the segment growth over the forecast period
• Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the product demand in the electronics and electrical industry
• Construction is the leading application segment for Polyethylene (PE) compounds, with the segment accounting for a mass application globally
• Major manufacturers have been acquiring independent compounding facilities, rather than establishing plants, to strengthen their position in the global market

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

Plastic Compounding Market Segmentation

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

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

• Polyethylene (PE)
• Polypropylene (PP)
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Polyolefins (TPO)
• Poly Vinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide (PA)
• Polycarbonate (PC)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

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

• Automotive
• Building & Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

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

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

List of Key Players of Plastic Compounding Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow, Inc.
• DuPont
• RTP Company, Inc.
• S&E Specialty Polymers, LLC
• Covestro AG
• Kraton Polymers, 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.

Dark Fiber Network Market Will See Strong Expansion Through 2028: Grand View Research Inc.

 Dark Fiber Network Market Growth & Trends

The global dark fiber network market size is estimated to reach USD 10.05 billion by 2028, according to the new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.3% from 2021 to 2028. Dark fiber has emerged as a sustainable solution for various organizations that are focusing on enhanced communication and network management. Continuously increasing penetration of internet services over the period has paved the way for the high demand for internet bandwidth. This demand is expected to remain rampant over the forecast period. This is the most significant factor responsible for market growth across the globe. The market is strongly supported by companies with a high reliance on internet connectivity. These networks are highly beneficial for organizations with a high volume of data flow in their operation. These benefits include reduced network latency, scalability, reliability, and enhanced security.

In fiber-optic communications, fiber optic cables that are not yet put in service by a provider or carrier, are termed as dark fiber or unlit fiber. Network communications and telecom usually use the network, and currently, there are lots of dark fiber cables across the globe. In regular fiber networks, information is sent through the cables in light pulses. Whereas, dark fiber networks are known to be ‘dark’ as no light or data is transmitted from them.

Dark fiber networks can be installed and set up using point-to-multipoint or point-to-point configurations. Dense Wavelength Division Multiplexing (DWDM) is an essential factor for the improvement and development of dark fiber networks. DWDM occurs when many data signals are transmitted using the same optical fiber at the same time. Although these signals are transmitted around the same time, they are transmitted at separate and unique wavelengths to keep these data signals separate. The significant benefits of DWDM include an increase in bandwidth of the optical fiber, high-quality internet performance, lightning-fast internet, and a secure and powerful network.

Dark fiber networks are not just used for business purposes but can be installed beneath land and oceans. Some of the interesting use cases of dark fiber include earthquake research and monitoring permafrost. Amongst many advantages, some of the disadvantages of the dark fiber network include high initial cost and loss of time in setting up your infrastructure, and high repairing and maintenance costs. Similarly, large dark fiber networks are currently available in metropolitan cities only and are yet to become available in small cities and towns.

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Dark Fiber Network Market Report Highlights

• The significant benefits of DWDM include an increase in bandwidth of the optical fiber, high-quality internet performance, lightning-fast internet, and secure and powerful network
• Telecommunication is anticipated to present promising growth prospects due to the growing adoption of the 5G technology in communication and data transmission services
• Medical and military and aerospace application segments are poised to witness significant growth, attributed to the increasing adoption of optic technology devices
• Asia Pacific is expected to witness the fastest growth owing to technological advancements and large-scale adoption of the technology in the IT and telecommunication and administrative sectors
• The key market players include AT&T, Inc.; Colt Group SA; Comcast Corporation; Consolidated Communications; Interoute Communications Ltd.; Level 3 Communications, Inc. (CenturyLink, Inc.); NTT Communications; and Verizon Communications, Inc.
• The report provides lease pricing estimations for the year 2020 for both metro and non-metro regions for prominent countries. These price estimations are provided for various dark fiber distance brackets

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

Dark Fiber Network Market Segmentation

Grand View Research has segmented the global dark fiber network market based on fiber type, network type, application, and region:

Dark Fiber Network Fiber Type Outlook (Revenue, USD Million, 2017 - 2028)

• Single Mode
• Multi-mode

Dark Fiber Network Type Outlook (Revenue, USD Million, 2017 - 2028)

• Metro
• Long-haul

Dark Fiber Network Application Outlook (Revenue, USD Million, 2017 - 2028)

• Telecom
• Oil & Gas
• Military & Aerospace
• BFSI
• Medical
• Railway
• Others

Dark Fiber Network Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of the Key Players in the Dark Fiber Network Market

• AT&T Intellectual Property
• Colt Technology Services Group Limited
• Comcast, Consolidated Communications
• GTT Communications, Inc.
• Level 3 Communications, Inc. (CenturyLink, Inc.)
• NTT Communications Corporation
• Verizon Communications, Inc.
• Windstream Communications
• Zayo Group, 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.

Plastic Compounding Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 Plastic Compounding Market Growth & Trends

The global plastic compounding market size is anticipated to reach USD 93.1 billion by 2028, according to a report by Grand View Research, Inc., growing at a CAGR of 5.5% over the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires & cables industries is anticipated to fuel the market growth.

However, the COVID-19 outbreak has affected the raw material prices of plastic compounding. Recently, crude oil prices slumped due to the global pandemic. A decline in demand, halts or slowdowns in the manufacturing industry, and restrictions in supply & travel are resulting in the reduction of crude oil prices. Thus, the raw material providers who can procure or store crude oil in the current situation can generate a significant profit margin.

Polyethylene Terephthalate (PET) is the plastic used for manufacturing bottle containers that are used for packaged water and carbonated beverages. As a raw material, PET is recognized as a safe, strong, flexible, non-toxic, and lightweight material that is 100% recyclable. Hence, it has gained wide acceptability and, in turn, is anticipated to drive the market growth over the forecast period.

Asia Pacific was the leading market for the PET compound segment in 2019. Ever-increasing demand for beverages, mainly carbonated and nutritional drinks, is anticipated to drive the regional consumption of PET compounds. This trend is favored by a rise in population, changing lifestyles, and the emergence of domestic beverage manufacturers. The presence of a large pool of contract bottlers in the region shall also increase the scope of the packaging application segment.

Traditionally, the construction industry has been a major consumer of plastics with product applications ranging from pipe fittings and insulation to masonry materials and equipment. Plastic compounds are modified in accordance with their requirements. For instance, flame retardant additives are added to Polyvinyl Chloride (PVC) compounds.

Developing countries, such as Mexico, are expected to benefit from the rising construction spending and inclination of consumers toward utilizing sustainable and lightweight building materials in place of conventional materials. The expanding automotive sector and changing consumer buying behavior, from considering cars as luxuries to necessities, are also significant factors anticipated to boost the plastics sector growth.

The COVID-19 pandemic has affected the revenue generation of the companies operating in the global market. For instance, SABIC, one of the prominent players, witnessed a decline in revenue in the first quarter of 2020 by 18% as compared to the first quarter of 2019 due to decreased product demand as a result of challenges in supply/demand balance caused by the pandemic.

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

Plastic Compounding Market Report Highlights

• The global market was valued at USD 61.4 billion in 2020 and is estimated to grow at a CAGR of 5.5% from 2021 to 2028
• In terms of revenue, Polypropylene (PP) held the largest revenue share in 2020 as it is the most consumed product
• High demand for PP from the global packaging and medical device industries is estimated to drive the segment growth over the forecast period
• Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the product demand in the electronics and electrical industry
• Construction is the leading application segment for Polyethylene (PE) compounds, with the segment accounting for a mass application globally
• Major manufacturers have been acquiring independent compounding facilities, rather than establishing plants, to strengthen their position in the global market

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

Plastic Compounding Market Segmentation

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

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

• Polyethylene (PE)
• Polypropylene (PP)
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Polyolefins (TPO)
• Poly Vinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide (PA)
• Polycarbonate (PC)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

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

• Automotive
• Building & Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

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

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

List of Key Players of Plastic Compounding Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow, Inc.
• DuPont
• RTP Company, Inc.
• S&E Specialty Polymers, LLC
• Covestro AG
• Kraton Polymers, 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.

Polyvinyl Alcohol Films Market to Partake Significant Development During 2021 to 2028: Grand View Research Inc.

 Polyvinyl Alcohol Films Market Growth & Trends

The global polyvinyl alcohol films market size is expected to reach USD 551.59 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.3% from 2021 to 2028. Sustainable packaging is in high demand on account of its ability to aid in the reduction of landfills and compliance with stringent regulations related to packaging. In addition, sustainable packaging solutions have gained importance on account of safety, performance, and convenience in the packaging of products.

PVA films are widely used as eco-friendly polymers and have contributed significantly to the growth of the sustainable packaging industry. Increasing government initiatives to support green packaging is also expected to be the key driving factor for the market. However, volatile raw material prices are expected to be a key challenge to the growth over the forecast period. The increasing global population, coupled with growing disposable income is offering high Purchase Power Parity (PPP) that has resulted in an improved standard of living. This is resulting in additional services being adopted, such as laundry services, in their daily routine.

The bags used in laundries are mostly manufactured using PVA films as it becomes easier for disposal. As a result, the booming laundry service industry is projected to contribute to the steady growth of the market. Growing hygiene consciousness among the consumers coupled with rising standards of living is propelling demand for detergents. In addition, the growth witnessed by the hospitality industry is also contributing significantly to the production of detergents. This, in turn, is augmenting the overall demand for PVA films in the detergent packaging industry.

Agrochemical packaging is another major driver for the market. Agrochemicals, such as pesticides, insecticides, herbicides, fertilizers, and other chemicals, are witnessing high demand in the agricultural sector. Thus, creating lucrative growth opportunities for PVA films.

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Polyvinyl Alcohol Films Market Report Highlights

• The global market was valued at USD 367.31 million in 2020 and is estimated to grow at a CAGR of 5.3% from 2021 to 2028
• Detergent packaging emerged as the leading product segment and accounted for over 37% of the total market revenue in 2020
• North America accounted for 32.1% of the total demand for PVA films in 2020 due to the high demand for detergent packaging, which is driven by the increased penetration of automatic washers in the region
• Product demand in Asia Pacific is slated to grow at a CAGR of 6.2% over the forecast period. China was the largest producer and consumer of PVA films in Asia Pacific in 2020 and this trend is expected to continue over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-polyvinyl-alcohol-films

Polyvinyl Alcohol Films Market Segmentation

Grand View Research has segmented the global polyvinyl alcohol films market on the basis of application and region:

PVA Films Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Detergent packaging
  • Consumer Detergent
  • Industrial Detergent
• Agrochemical Packaging
• Laundry Bags
• Embroidery
• Others

PVA Films Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Polyvinyl Alcohol (PVA) Films Market

• Aicello Corp.
• Changzhou Water Soluble Co., Ltd.
• Arrow GreenTech Ltd.
• Mitsubishi Chemical Corp.
• Kuraray Co., Ltd.
• Cortec Corp.
• AMC (U.K.) Ltd.
• MSD Corp.
• Sekisui Chemical Co., Ltd.
• Chang Chun Group

About Grand View Research

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

Set Top Box Market to Register Stable Expansion During The Forecast Period: Grand View Research, Inc.

 

Set Top Box Market Growth & Trends

The global set top box market demand is expected to reach 357.0 million units by 2028, registering a CAGR of over 4% in terms of volume from 2021 to 2028, according to a new report by Grand View Research, Inc. Mandates regarding the digitization of TV broadcasting issued by various governments across developing countries worldwide and the growing preference for smart TVs among consumers are some of the critical factors that are expected to drive the market growth. The growing preference for High Definition (HD) channels and the popularizing trend among broadcasters to offer various value-added services, including subscription packages, are also poised to trigger the demand for set top box (STB) over the forecast period.

The STB demand has witnessed a dramatic surge over the past few years owing to the continued efforts by the industry players to enhance the television experience for viewers by offering facilities, such as digital video recording, improved picture and sound quality, and storage options. As a result, cable service providers, telecommunication companies, and digital satellite providers are actively involved in the promotion and installation of STBs. Although the market has been witnessing dwindling sales and subsequently sluggish growth in the wake of the outbreak of the COVID-19 pandemic, the rising OTT viewership and growing preference for engaging media content has helped the market recover and grow gradually.

The rising adoption of Android and hybrid STBs in line with the growing popularity of OTT platforms is creating considerable growth opportunities for market incumbents. OTT STBs are increasingly gaining traction across the Pay-TV broadcasting scenario in the emerging markets with abundant availability of free video content. Moreover, major OTT platforms, such as Netflix and Amazon, have also been offering high-quality 4K content to their subscribers, thereby driving the STB demand and subsequently supporting significant revenue generation.

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Set Top Box Market Report Highlights

• Few companies in the market have introduced their 4K UHD variants as part of the efforts to strengthen their position in the market. As a result, other competitors have also embarked upon efforts to launch their respective STB versions
• In North American countries, government bodies, such as the Federal Communications Commission (FCC), have drafted various standards about STB installation and content creation, thereby creating lucrative opportunities for the growth of the regional market over the forecast period
• Rising awareness among consumers regarding the latest STBs that can support OTT and IPTV coupled with the continued rollout of high-speed broadband infrastructure across the emerging economies is projected to boost the STB demand over the forecast period
• Few market players are introducing STBs that can support major OTT platforms, such as Netflix, Amazon Prime, and Hulu, as part of the efforts to strengthen their position in the market

Access Press Release@ https://www.grandviewresearch.com/press-release/set-top-box-market

Set Top Box Market Segmentation

Grand View Research has segmented the global set top box market based on product, content quality, and region:

Set Top Box Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• IPTV
• Satellite
• Cable
• DTT
• OTT

Set Top Box Content Quality Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• HD & Full HD
• 4K & Above

Set Top Box Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Set Top Box Market

• Commscope (ARRIS International, plc)
• Coship Electronics Co.Ltd.
• Huawei
• Kaonmedia Co., Ltd.
• Sagemcom SAS
• Samsung Electronics Co. Ltd.
• Technicolor SA
• Advanced Digital Broadcast (ADB)

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.

Medical Device Testing Services Market is Expected to Expand at a CAGR of 11.6% during the Forecast Period: Grand View Research Inc.

 

Medical Device Testing Services Market Growth & Trends

The global medical device testing services market size is expected to reach USD 18.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2021 to 2028. Increasing complexity in product design and stringent government regulations are driving the market.

A significant rise in preclinical spending is a recent trend among pharmaceutical and medical device companies, which is expected to significantly contribute to market growth. As per a survey carried out by the International Federation of Pharmaceutical Manufacturers and Associations in 2017, around USD 149.8 billion is spent on preclinical trials every year.

With modern medical equipment offering a host of complex functions, the need for appropriate tests to check the compliance of the device with regulatory requirements is becoming vital. In order to meet the requirement of enhanced accuracy, ease of use, and durability, medical devices need to undergo extensive tests. This is expected to deliver a competitive advantage to manufacturers.

The COVID-19 pandemic has created an unprecedented demand for medical device testing services in 2020. This is largely due to the increasing demand for COVID-10 related products such as masks, PPE, and respiratory equipment. Besides, countries such as Mexico, Spain, and France have published pertinent specifications and standards, namely the UNE 0064-1, UNE 0064-2, AFNOR-SPEC-S76 and UNE 0065 which must be met until a mask can be sold.

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Medical Device Testing Services Market Report Highlights

• The microbiology and sterility testing segment dominated the market in 2020 and accounted for the largest revenue share of 34.1%. The segment is likely to remain dominant over the forecast period
• Producing safe and effective products is a core goal of medical equipment manufacturers and sterility assurance is a major component for achieving it
• The preclinical phase segment dominated the market in 2020 and accounted for 65.7% of the revenue share as this stage is mostly focused on assessing the safety and biocompatibility of medical devices
• Raw materials, packaging, and design all have an impact on a device's safety and compatibility, and preclinical testing of all of these factors is an important step in determining a device's market potential
• Asia Pacific dominated the market and accounted for 41.8% of the revenue share in 2020. This is due to the rising demand for medical devices in developing nations such as India and China

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-device-testing-services-market

Medical Device Testing Services Market Segmentation

Grand View Research has segmented the global medical device testing services market based on service, phase, and region:

Medical Device Testing Services Outlook (Revenue, USD Million, 2016 - 2028)

• Biocompatibility Tests
• Chemistry Test
• Microbiology & Sterility Test
  • Bioburden Determination
  • Pyrogen & Endotoxin Testing
  • Sterility Test & Validation
  • Antimicrobial Activity Testing
  • Others
• Package Validation

Medical Device Testing Services Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Preclinical
• Clinical

Medical Device Testing Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Switzerland
  • Russia
  • Sweden
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Malaysia
  • Indonesia
  • Singapore
  • Philippines
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt

List of Key Players of Medical Device Testing Services Market

• SGS SA
• Toxikon, Inc.
• Eurofins Scientific
• Pace Analytical Services LLC
• Intertek Group Plc
• Wuxi AppTec
• North American Science Associates, Inc.
• TÜV SÜD AG
• American Preclinical Services
• Sterigenics International LLC
• Charles River Laboratories International, Inc.
• Medical Device Testing Services

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.

Sports Analytics Market Predicted to Cross $3.44 Billion by 2028: Grand View Research Inc.

 

Sports Analytics Market Growth & Trends

The global sports analytics market size is expected to reach USD 3.44 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing preference for data-driven decision-making among various teams and associations is expected to drive the growth of the market. Sports analytics can potentially help coaches and team managers in obtaining in-depth insights about various parameters and the performance of players and in designing effective training sessions based on those insights. Monitoring of physical parameters can also be coupled with predictive analysis to help in preventing injuries that may happen in the future.

The sports industry generates large volumes of data. However, most of this data is raw data, which is unable to provide any clear insights. Nevertheless, if the data is used effectively, it can potentially provide deeper insights into the performance of individual players as well as the entire team. Analytical tools can help analyze this raw data and provide meaningful insights in real-time using interactive graphical interfaces.

Analytical tools can typically help in analyzing first-hand data, such as win and loss records, players’ line-up, opponents’ history, and players’ various metrics, including speed, distance covered, acceleration, stamina, and energy levels. The insights obtained from the analysis of these parameters can be potentially used to make informed decisions and enhance the performance of individual players as well as the entire team. The insights can also be shared with fans, enthusiasts, and other followers on various platforms, including social media.

Prominent teams and associations have already started implementing sports analytics solutions and hiring dedicated analysts as part of the efforts to enhance the performance of individual players as well as the entire team, gain a competitive advantage both on and off the field, and outperform the opponents. Associations such as the German Football Association, Royal Spanish Football Federation, and National Basketball Association (NBA), among others, have also implemented analytical tools to predict the outcomes of future game events.

Teams are typically adopting analytics solutions to stay at the top of the game in terms of overall performance, players’ fitness, and engagement with fans. For instance, Spanish football/soccer team Real Madrid has partnered with Microsoft Corp. to use state-of-the-art technology in analyzing the team’s performance and players’ fitness. Similarly, English football team Manchester United is relying on Aon plc as a trusted advisor in sports analytics.

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Sports Analytics Market Report Highlights

• The software segment is expected to register a strong CAGR over the forecast period owing to the rising demand for cloud-based sports analytics software that offers ease of accessibility and flexibility
• The on-field segment is expected to exhibit the highest CAGR over the forecast period in line with the growing preference for wearable player tracking devices
• Football is anticipated to exhibit the highest CAGR over the forecast period in line with the aggressive investments by various football clubs and teams are making in adopting the latest technologies
• Asia Pacific is expected to exhibit strong growth with China and Japan particularly contributing to the growth of the regional market

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

Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2017 - 2028)

• On-field
  • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
  • Fan Engagement
  • Ticket Pricing

Sports Analytics Sports Outlook (Revenue, USD Million, 2017 - 2028)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

About Grand View Research

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

Breast Cancer Diagnostics Market Outlook Growth Emerging Factors On Geography, Technological Advancements And Mounting Demand Forecast

 Breast Cancer Diagnostics Market Growth & Trends

The global breast cancer diagnostics market size is expected to reach USD 6.8 billion by 2028, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.0% from 2021 to 2028. The growth is largely attributable to the increasing geriatric population exposed to the risk of breast cancer and early detection coupled with increasing awareness about breast cancer.

The introduction of 3D mammography or digital breast tomosynthesis, which is more accurate than 2D mammography, supports market growth. This advanced technology can detect 40.0% more cancers than 2D mammograms and reduce patient recalls. Rapid technological advancements are a major factor expected to drive the market over the coming years.

Companies are adopting strategies that allow them to use their resources to aid in the development of new products, as well as enhance their supply chain. In November 2019, Exact Sciences Corporation announced the acquisition of Genomic Health, which was expected to help enhance the company’s market position and offerings by acquiring its product portfolio. In January 2021, Hologic Inc. announced that it has agreed to acquire Biotheranostics for approximately US$ 230 million. Biotheranostics is a commercial-stage molecular diagnostics provider for breast and metastatic cancers.

The increasing launch of predictive and companion diagnostic tests for breast cancer is expected to boost the market growth. Recent launches in the segment include BRACAnalysis CDx by Myriad Genetics, which received FDA approval in 2018 as breast cancer companion diagnostics. In May 2019, QIAGEN introduced therascreen PIK3CA RGQ PCR Kit as a companion diagnostic for Novartis proprietary PIQRAY in guiding treatment decisions from tissue and liquid biopsy.

In January 2019, the Fujifilm Holdings Corporation introduced its Tomosynthesis Biopsy option for ASPIRE Cristalle mammography system. This technique was expected to enable physicians to detect breast cancers more efficiently compared to others by providing an enhanced 3D image and a digital mammogram.

However, there are specific risk factors associated with these imaging procedures. They involve administering high doses of fluorescent and barium contrast agents, as well as radiation exposure in the case of imaging and endoscopic procedures, which can cause several adverse effects such as nausea or diarrhea. The risks of ionizing radiation exposure associated with the use of CT, MRI, and X-rays, as well as the use of radioactive tracer injections in PET can limit the adoption of such screening procedures. Therefore, factors such as adverse effects of imaging act as a challenge for the companies in this market.

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Breast Cancer Diagnostics Market Report Highlights

• The imaging segment held the largest revenue share in 2020 and the blood tests segment is expected to grow at the fastest rate
• By product, the instrument-based products segment accounted for the largest revenue share in 2020 due to government initiatives such as mandatory screening in developed countries such as the U.S., Canada, and the U.K. for women above 45 years of age, increasing the overall testing and screening of breast cancer
• The platform-based products segment is expected to witness the fastest growth over the forecast period. These tests are mostly used for assessing the efficacy of chemotherapy and targeted therapy in women
• By application, the diagnostic and predictive segment dominated the market in 2020 and the prognostic segment is expected to witness the fastest CAGR over the forecast period due to increasing collaborations and efforts for advancements in diagnostics
• The hospitals and clinics segment dominated the market in 2020
• The medical labs and diagnostics centers segment is expected to witness the fastest CAGR over the forecast period due to an increase in platform-based testing such as NGS, and PCR

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

Breast Cancer Diagnostics Market Segmentation

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

Breast Cancer Diagnostic Type Outlook (Revenue, USD Million, 2017 - 2028)

• Imaging
• Biopsy
• Genomic Tests
• Blood Tests
• Others

Breast Cancer Diagnostic Product Outlook (Revenue, USD Million, 2017 - 2028)

• Platform-based Products
  • Next-generation Sequencing
  • Microarrays
  • PCR
  • Others
• Instrument-based Products
  • Imaging
  • Biopsy

Breast Cancer Diagnostic Application Outlook (Revenue, USD Million, 2017 - 2028)

• Screening
• Diagnostic and Predictive
• Prognostic
• Research

Breast Cancer Diagnostic End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Hospitals & Clinics
• Diagnostic Centers and Medical Laboratories
• Others

Breast Cancer Diagnostic Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Breast Cancer Diagnostics Market

• Hologic Inc.
• Genomic Health (Exact Sciences Corporation)
• BD
• Danaher
• Koninklijke Philips N.V.
• QIAGEN
• Thermo Fisher Scientific Inc.
• Myriad Genetics
• Argon Medical Devices, Inc.
• Hoffmann-La Roche 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.

Europe Data Center Colocation Market Size Is Anticipated To Reach USD 33.66 Billion by 2028

 Europe Data Center Colocation Market Growth & Trends

The Europe data center colocation market size is anticipated to reach USD 33.66 billion by 2028, recording a CAGR of 13.1%, over the forecast period, according to a study conducted by Grand View Research, Inc. The market is driven by the factors such as the rising costs of data center infrastructure, lack of floor space, and rising power costs. Enterprises are inclined toward colocation data centers as it enables them to place their infrastructure in proximity to their users and provide better services. Additionally, colocation data centers also fulfill their power and space requirements while offering them the option to scale up their infrastructure as per the requirement.

The ongoing technological boom with the rollout of devices equipped with advanced technologies such as 5G, Internet of Things (IoT), Artificial Intelligence (AI), and Augmented Reality (AR) is expected to further drive the market growth. Considering that these technologies would require improved network connectivity and reduced latency, the interconnectivity across Europe will also rise, presenting an excellent opportunity for colocation providers to localize their services. According to Equinix Inc.’s interconnection network index, the interconnection bandwidth across Europe is expected to reach 3,872 Tbps by 2023 from 1,182 Tbps in 2020. 

The colocation market in Europe is further expected to gain traction amid the COVID-19 pandemic. With several organizations adopting the work from home policy, enterprises are moving toward multi-tenant data centers to increase proximity to users. Lockdowns imposed across numerous countries have led to a surge in the use of OTT services, which is also expected to fuel the demand for colocation facilities in Europe.

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Europe Data Center Colocation Market Report Highlights

• In terms of colocation type, the retail colocation segment held the largest market share in 2020. The increasing deployment of retail colocation by SMEs is largely responsible for segment growth. Retail colocation offers racks, servers, space, power, and cooling, among other solutions, making it an affordable option for SMEs
• In terms of end use, the IT and telecom segment dominated the market with the largest revenue share in 2020. This is attributed to the increasing telecom network with the rollout of 5G and new application development for smart devices
• The small and medium enterprise segment is expected to register the highest CAGR over the forecast period owing to the increasing number of startup businesses adopting colocation services across the region
• The Nordic region is expected to witness a surge in investments from cloud service providers. This is due to the growing number of enterprises using cloud computing across Nordic countries, which is the highest across entire Europe. Additionally, the region has a higher proportion of ICT specialists, relative to its population compared to other EU countries

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-data-center-colocation-market-analysis

Europe Data Center Colocation Market Segmentation

Grand View Research has segmented the Europe data center colocation market based on colocation type, end-use, enterprise size, and region:

Europe Data Center Colocation Type Outlook (Revenue, USD Million, 2016 - 2028)

• Retail Colocation
• Wholesale Colocation

Europe Data Center Colocation End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Retail
• BFSI
• IT & Telecom
• Healthcare
• Media & Entertainment
• Others

Europe Data Center Colocation Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Small & Medium Enterprises
• Large Enterprises

Europe Data Center Colocation Regional Outlook (Revenue, USD Million, 2016 - 2028)

• Europe
  • UK.
  • Germany
  • France
  • Austria
  • Switzerland
  • Benelux
    • Belgium
    • Netherlands
    • Luxembourg
  • Nordic
    • Norway
    • Sweden
    • Finland
    • Denmark
  • CEE
    • Bulgaria
    • Czech Republic
    • Estonia
    • Latvia
    • Lithuania
    • Hungary
    • Poland
    • Slovakia
    • Croatia
    • Romania
  • Rest of Europe

List of Key Players in the Europe Data Center Colocation Market

• Equinix, Inc.
• Cyxtera Technologies, Inc.
• Interxion
• CyrusOne, Inc.
• NTT Limited
• Global Switch
• Verne Global

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.

Sports Analytics Market Predicted to Cross $3.44 Billion by 2028: Grand View Research Inc.

 

Sports Analytics Market Growth & Trends

The global sports analytics market size is expected to reach USD 3.44 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing preference for data-driven decision-making among various teams and associations is expected to drive the growth of the market. Sports analytics can potentially help coaches and team managers in obtaining in-depth insights about various parameters and the performance of players and in designing effective training sessions based on those insights. Monitoring of physical parameters can also be coupled with predictive analysis to help in preventing injuries that may happen in the future.

The sports industry generates large volumes of data. However, most of this data is raw data, which is unable to provide any clear insights. Nevertheless, if the data is used effectively, it can potentially provide deeper insights into the performance of individual players as well as the entire team. Analytical tools can help analyze this raw data and provide meaningful insights in real-time using interactive graphical interfaces.

Analytical tools can typically help in analyzing first-hand data, such as win and loss records, players’ line-up, opponents’ history, and players’ various metrics, including speed, distance covered, acceleration, stamina, and energy levels. The insights obtained from the analysis of these parameters can be potentially used to make informed decisions and enhance the performance of individual players as well as the entire team. The insights can also be shared with fans, enthusiasts, and other followers on various platforms, including social media.

Prominent teams and associations have already started implementing sports analytics solutions and hiring dedicated analysts as part of the efforts to enhance the performance of individual players as well as the entire team, gain a competitive advantage both on and off the field, and outperform the opponents. Associations such as the German Football Association, Royal Spanish Football Federation, and National Basketball Association (NBA), among others, have also implemented analytical tools to predict the outcomes of future game events.

Teams are typically adopting analytics solutions to stay at the top of the game in terms of overall performance, players’ fitness, and engagement with fans. For instance, Spanish football/soccer team Real Madrid has partnered with Microsoft Corp. to use state-of-the-art technology in analyzing the team’s performance and players’ fitness. Similarly, English football team Manchester United is relying on Aon plc as a trusted advisor in sports analytics.

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Sports Analytics Market Report Highlights

• The software segment is expected to register a strong CAGR over the forecast period owing to the rising demand for cloud-based sports analytics software that offers ease of accessibility and flexibility
• The on-field segment is expected to exhibit the highest CAGR over the forecast period in line with the growing preference for wearable player tracking devices
• Football is anticipated to exhibit the highest CAGR over the forecast period in line with the aggressive investments by various football clubs and teams are making in adopting the latest technologies
• Asia Pacific is expected to exhibit strong growth with China and Japan particularly contributing to the growth of the regional market

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

Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2017 - 2028)

• On-field
  • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
  • Fan Engagement
  • Ticket Pricing

Sports Analytics Sports Outlook (Revenue, USD Million, 2017 - 2028)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

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.