Digital Transformation Market Current And Future Industry Conditions by 2028: Grand View Research Inc.

 

Digital Transformation Market Growth & Trends

The global digital transformation market size is estimated to reach USD 1,759.4 billion by 2028, registering a CAGR of 23.6% over the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of advanced technologies, such as the Internet of Things (IoT) and machine learning, across several industries/sectors, is encouraging businesses to implement connected, analytical, and data-rich solutions via digital transformation. These solutions are capable of encapsulating intelligence into business operations to facilitate improved and more effective customer engagements. Moreover, the growing usage of mobile devices, smartphones, and applications across business functions is increasingly promoting digitization.

Digital transformation enables organizations to mitigate business risks and manage disruptions, such as corporate restructuring, marketplace fluctuations, unforeseen pandemics, and unpredictable geopolitical environments, more efficiently. It enables organizations to address a range of process optimization. Moreover, it enables businesses to target a larger customer base by designing new business models, products, and services leveraging digitization. Furthermore, it helps facilitate the transformation of business activities, traditional processes, and business models to benefit from upcoming changes and opportunities pertaining to futuristic technologies.

The rapid urbanization and digitization across the globe are enabling organizations to embrace digital transformation using technology-driven solutions. The growing usage of cloud technology by various Small & Medium Enterprises (SMEs) helps them adopt modern Digital Experience Platforms (DXP) at reasonable costs without constant upgradation or replacement of systems. This is estimated to drive the market during the forecast period. Moreover, benefits, such as improvements in operational flexibility and overall customer experience, are encouraging digital transformation initiatives across SMEs, driving the market.

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

Digital Transformation Market Report Highlights

• The solution segment is expected to capture the largest share by 2028 due to the exponential rise in the use of mobile technology across several industries, and the subsequent shift in the way content is consumed via social media platforms
• The rising implementation of digital transformation solutions across industries and verticals is driving the demand for support and maintenance services. This is expected to boost the demand for professional services over the forecast period
• The hosted deployment segment is expected to gain momentum over the forecast period owing to advantages, such as lower cost, convenience, flexibility, and improved security
• Large enterprise is expected to be the largest enterprise size segment due to the increased focus of large-scale firms on improving productivity and efficiency of workforces by using digital transformation solutions
• In terms of end-use, the healthcare segment is projected to register the fastest CAGR of more than 24% from 2021 to 2028
• The growing implementation of digital processes and technologies, such as telemedicine, blockchain, Electronic Health Records(EHRs), and AI-enabled medical devices, is allowing healthcare providers to improve patient care
• Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 due to the increasing penetration of advanced technologies

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

Digital Transformation Market Segmentation

Grand View Research has segmented the global digital transformation market on the basis of type, deployment, enterprise size, end-use, and region:

Digital Transformation Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Solution
  • Analytics
  • Cloud Computing
  • Mobility
  • Social Media
  • Others
• Service
  • Professional Services
  • Implementation & Integration

Digital Transformation Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• Hosted
• On-premise

Digital Transformation Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Large Enterprise
• Small & Medium Enterprise (SME)

Digital Transformation End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• BFSI
• Healthcare
• Government
• IT & Telecom
• Manufacturing
• Retail
• Others

Digital Transformation Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Players in Digital Transformation Market

• Accenture plc
• Apple, Inc.
• ADOBE, Inc.
• CA Technologies (Broadcom, Inc.)
• Dell Technologies Inc.
• Hewlett Packard Enterprise Company
• International Business Machines Corp.
• Microsoft Corp.
• Kellton Tech Solutions Ltd.
• Google, 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.

Managed Services Market Revenue Sales to Reach USD 552.35 Billion by 2028: Grand View Research Inc.

 Managed Services Market Growth & Trends

The global managed services market size is expected to reach USD 552.35 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 12.7% from 2021 to 2028. The growing reliance of organizations on IT infrastructure for driving the productivity of their business is anticipated to drive the growth of the market over the forecast period. Benefits associated with the implementation of managed services, such as considerable reduction in IT operational costs, and improvement in organizational efficiency, also bode well for the growth.

Several businesses are confronting challenges in the wake of the outbreak of the COVID-19 pandemic and Managed Services Providers (MSPs) are no exception to that. Although many businesses and organizations are opting for managed services for ensuring operational efficiency amid the lockdowns being implemented across various nations as part of the efforts to arrest the spread of coronavirus, organizational spending on new automation initiatives has been slowing down gradually. As a result, market players are expected to witness a significant decline in their revenues in 2020, thereby pressurizing them to reduce costs. Nevertheless, the spending on business automation is expected to increase from 2021 onwards, thereby driving the growth of the market over the forecast period.

The rising number of Small and Medium Enterprises (SMEs) in emerging economies is anticipated to propel the demand for managed services over the forecast period. Strengthening profit margins, which are catering efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the market. Managed services help in optimizing the recurrent in-house IT costs while simultaneously automating business processes. This subsequently allows organizations to effectively achieve their business objectives, especially about strengthening the bottom line and increasing profitability.

Initiatives being pursued aggressively by various governments toward digital transformation focusing on modernizing their IT infrastructure, strengthening governance, and improving citizen services are anticipated to drive the demand for managed services over the forecast period. For instance, in 2018, the Canadian government invested USD 2.1 billion on a 6-year digital transformation program. The program envisages modernizing the government’s IT infrastructure and services.

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

Managed Services Market Report Highlights

• The managed security segment is expected to register the highest CAGR over the forecast period owing to the stringent government regulations regarding data security and privacy protection and the increasing incidences of cyber-attacks on businesses
• The business support systems segment is anticipated to register the highest CAGR from 2021 to 2028. The increasing adoption of business support systems, such as business analysis, database integration, demand management services, and project management, by the incumbents of various end-use industries is anticipated to propel the growth of the segment over the forecast period
• The on-premise segment dominated the market in 2020. On-premise hosting of software ensures easy customization according to the needs of the business processes. On-premise installation is particularly lucrative for large enterprises
• The Small & Medium Enterprises (SME) segment is anticipated to register a significant CAGR over the forecast period. SMEs are aggressively opting for managed services owing to the numerous advantages, such as controlled IT costs, increased efficiency and competitiveness, and reduced risk, associated with them
• Healthcare is anticipated to emerge as the fastest-growing segment over the forecast period. The healthcare industry has been turning out to be a primary target of cybercriminals, thereby driving the need to effectively protect the patient database. Several healthcare organizations are opting for managed services to protect patient data and secure monetary transactions, thereby contributing to the growth of the segment
• North America accounted for the largest market share in terms of revenue in 2020. The rising number of Multinational Companies (MNCs) in North America bodes well for the growth of the regional market

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

Managed Services Market Segmentation

Grand View Research has segmented the global managed services market based on solution, Managed Information Service (MIS), deployment, enterprise size, end use, and region:

Managed Services Solution Outlook (Revenue, USD Billion, 2016 - 2028)

• Managed Data Center
• Managed Network
• Managed Mobility
• Managed Infrastructure
• Managed Backup and Recovery
• Managed Communication
• Managed Information
• Managed Security

Managed Information Service (MIS) Outlook (Revenue, USD Billion, 2016 - 2028)

• Business Process Outsourcing (BPO)
• Business Support Systems
• Project & Portfolio Management
• Others

Managed Services Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• On-premise
• Hosted

Managed Services Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Managed Services End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Financial Services
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Retail
• Others

Managed Services Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players in the Managed Services Market

• Accenture PLC
• Alcatel-Lucent Enterprise
• AT&T Inc.
• Avaya Inc.
• BMC Software, Inc.
• CA Technologies
• Cisco Systems, Inc.
• DXC Technology Company
• Ericsson
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Lenovo Group Limited

About Grand View Research

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

Point-Of-Sale Terminals Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 Point-Of-Sale Terminals Market Growth & Trends

The global point-of-sale terminals market size is expected to reach USD 130.91 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. Many industries, such as manufacturing, automobile, entertainment, restaurant, and hospitality, have lost their business due to strict social distancing rules and complete lockdown imposed in most of the countries to control the spread of the novel coronavirus. The slumped businesses affected the product demand across the industries.

For instance, Europe and the Middle East regions are tourist hotspots that have suffered losses due to international travel restrictions. However, the retail and healthcare sectors are expected to exhibit product demand for point-of-sale (POS) terminals for contactless payment. The market is expected to regain its foothold across industries by 2021; also, Mobile Point-of-Sale (mPOS) and contactless payment terminals are in high demand currently as they contribute to the effort of containing the spread of coronavirus.

The market is anticipated to grow substantially over the forecast period owing to rising product demand in various applications, such as Customer Relationship Management (CRM), reporting, payment processing, among others. The decline in the trend of carrying cash for shopping and the need for understanding customer purchase patterns has further boosted product adoption.

Large businesses using the POS system offer a discount for payment through debit/credit card on purchase. This helps attract more customers and boost sales. Hence, small- and medium-scale businesses are also deploying these systems due to the aforementioned benefits. Industries, such as retail, hospitality, and restaurants, are the highest adopter of POS systems for everyday transactions at their facility.

Request a free sample copy or view report summary: Point-Of-Sale Terminals Market Report

Point-Of-Sale Terminals Market Report Highlights

• The mPOS segment is anticipated to grow at the highest CAGR over the forecast period. The increasing demand for contactless, wireless, and portable POS systems across retail and restaurant sectors is boosting the segment growth
• The healthcare segment will witness the highest growth from 2021 to 2028. The increasing need to streamline the payment process, manage entry of new patients, process COVID-19 patient information, and schedule vaccination across the healthcare sector during the pandemic is estimated to drive the product demand
• The increasing demand for POS terminals with a comprehensive solution, such as business management solution, in addition to payment transaction function, is anticipated to boost the market growth
• The market in Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028. The rising product demand from the retail sectors of countries like China, India, and Japan is augmenting the market growth
• Moreover, fine dining and other forms of restaurants in the foodservice sector is booming in major cities of Asian countries, thereby bolstering the product demand
• The major key players dominate the market with their presence and services across the world

Access Press Release@ https://www.grandviewresearch.com/press-release/global-point-of-sale-terminals-market

Point-Of-Sale Terminals Market Segmentation

Grand View Research has segmented the global point-of-sale terminals market on the basis of product, component, deployment, application, and region:

POS Terminals Product Outlook (Revenue, USD Million, 2016 - 2028)

• Fixed
• Mobile

POS Terminals Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
• Software
• Services

POS Terminals Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-Premise
• Cloud

POS Terminals Application Outlook (Revenue, USD Million, 2016 - 2028)

• Restaurants
• Hospitality
• Healthcare
• Retail
• Warehouse
• Entertainment
• Other

POS Terminals Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA

List of Key Players of Point-Of-Sale (POS) Terminals Market

• Ingenico Group (acquired by Worldline)
• NCR Corp.
• VeriFone Systems, Inc.
• PAX Technology, Inc.
• Fujian Newland Payment Technology Co. Ltd.
• Revel System, Inc.
• Oracle Corp.
• ShopKeep

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.

Third-party Logistics Market to Reflect Steadfast Expansion During 2021-2028: Grand View Research Inc.

 Third-party Logistics Market Growth & Trends

The global third-party logistics market size is expected to reach USD 1,691.86 billion by 2028, registering a CAGR of 8.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The advent of new technologies is changing the 3PL industry dynamics. The advanced data collection capabilities, warehouse automation, and digitalization of the entire supply chain are enabling companies to adopt a consistent innovative, customer-centric, and agile approach. As a result, 3PL companies are providing technologically driven services by investing in block-chain solutions, mobile technologies, and 3PL software to gain a competitive advantage in a fiercely competitive marketplace.

The Internet of Things (IoT) and cloud-based logistics management solution turn the data into actionable value-added information, which can shape the strategic decision-making process and increase productivity. Some of the capital-intensive organizations are increasing their Information Technology (IT) spending and are using predictive analytics for supply chain enhancement. For instance, C.H. Robinson Worldwide, Inc. is using Artificial Intelligence (AI) technology to analyze customer data and get notified about extreme weather conditions or traffic disruption.

Logistics automation is expected to play a vital role in the growth of the market. The use of robots in warehouses and unloading docks helps streamline order fulfillment services. The use of Automated Guided Vehicle (AGV) can help to lessen human errors, resolve material handling issues, ensure movement of high-volume goods, and increase accuracy and repeatability. To deliver immediate value and long-term returns, companies are widely accepting logistics automation.

The value-added logistics services are expected to witness the highest growth rate over the forecast period. The 3PL companies are offering comprehensive logistics services to ensure their competitiveness of the business. Shippers are reducing their operational costs by shifting their focus from transportation and back-office functions, such as warehousing, order taking & picking process, kitting & final assembly, product localization, and labeling. Thus, the value-added logistics services are becoming a boon for the shippers to mitigate inventory and transportation costs.

Request a free sample copy or view report summary: Third-party Logistics Market Report

Third-party Logistics Market Highlights

• The market is anticipated to witness substantial growth during the forecast period due to the development of logistics infrastructure in the Asia and Middle East regions, growth of the global e-commerce sector, and the development of new technologies
• The value-added logistics services segment is expected to register the highest CAGR over the forecast period
• The market players are focusing on providing value-added services to unveil their unique capabilities and offer enhanced customer experience, facilitating the segment growth
• The retail end use segment is expected to register the highest CAGR over the forecast period owing to benefits offered by retail stores, such as same-day delivery
• The roadways segment held the largest share in 2020 owing to the growing public-private partnerships model and increased emphasis on logistics infrastructure
• Globalization, along with sustainable economic growth, is expected to drive the growth of the airways logistics mode over the forecast period
• Asia Pacific is anticipated to register the highest CAGR of over 10.0% from 2021 to 2028 owing to the growing transport infrastructure and effective transit of freight and goods in emerging countries

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

Third-party Logistics Market Segmentation

Grand View Research has segmented the global Third-party Logistics (3PL) market on the basis of service, transport, end use, and region:

3PL Service Outlook (Revenue, USD Billion, 2016 - 2028)

• Dedicated Contract Carriage (DCC)/Freight Forwarding
• Domestic Transportation Management (DTM)
• International Transportation Management (ITM)
• Warehousing &Distribution (W&D)
• Value-Added Logistics Services (VALs)

3PL Transport Outlook (Revenue, USD Billion, 2016 - 2028)

• Roadways
• Railways
• Waterways
• Airways

3PL End use Outlook (Revenue, USD Billion, 2016 - 2028)

• Manufacturing
• Retail
• Healthcare
• Automotive
• Others

3PL Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA

List of Key Players of Third-party Logistics (3PL) Market

• BDP International
• H. Robinson Worldwide, Inc.
• CEVA Logistics
• DSV
• DB Schenker Logistics
• FedEx
• B. Hunt Transport, Inc.
• Kuehne + Nagel
• Nippon Express
• United Parcel Service of America, 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.

Thermoform Packaging Market Trends, Growth Prospects To 2028: Grand View Research Inc.

 Thermoform Packaging Market Growth & Trends

The global thermoform packaging market size is expected to reach USD 64.21 billion by 2028 registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. High adoption of products, such as blisters & clamshell packaging, containers, and trays & lids, by the end-user industries including food & beverages, electronics, pharmaceuticals, and personal care & cosmetics, coupled with increased penetration of organized and e-retail, have been driving the market from the past several years.

In thermoforming, the thermoplastic sheet is heated up to its pliable temperature and then placed over a mold until it cools and takes shape of the mold. A thin-gauge sheet, which is usually less than 0.060 inches, is mainly used to produce rigid disposable products, such as trays, bowls, containers, plates, and others. Thermoforming plastic molding process offers several advantages over injection molding including lower tooling cost, less wastage of material, and less per-unit cost for short-run production, owing to which the end-use industries, primarily food & beverages, mainly prefer thermoformed packaging products.

The packaged food industry, wherein thermoformed trays, containers, and tubs are widely used for the packaging of meat, fruits, eggs, and ready meals, is rapidly expanding across the world. Increasing urbanization and penetration of retail networks coupled with changing lifestyles are majorly contributing to the growth of the global packaged food industry, and thereby augmenting the product demand. Moreover, the rising micro-family structure, which creates demand for single-serve packaging, is expected to favor the growth of the market.

Global electronic manufacturers are mainly focusing on the development of compact devices, as they are easy to carry, which, in turn, is expected to benefit the usage of products such as trays and containers. However, electronics and food manufacturers are gradually shifting towards sustainable products, such as molded pulp trays. This increasing availability of alternative solutions coupled with the growing awareness regarding sustainability among consumers is likely to limit the market growth over the forecast period.

Due to their effectiveness, thermoformed blisters are widely utilized for the packaging of pharmaceutical solid oral dose products, such as capsules and tablets. These benefits of blisters along with their low cost and ease of usage are attracting North American pharmaceutical companies to switch from the traditional bottle packaging for solid oral doses, thereby supporting market growth. Moreover, the rising prevalence of chronic diseases coupled with the growing aging population has been driving the global pharmaceutical industry, which in turn, is expected to increase the product application scope in the pharmaceutical industry.

Asia Pacific is estimated to be the largest as well as the fastest-growing regional market from 2021 to 2028. This growth is credited to the rapid penetration of organized and e-retail sectors coupled with increased spending on processed food and consumer products, which drive the product demand in the regional market. Market participants across the globe compete on the basis of product differentiation and services offered. Pactiv LLC emerged as the market leader in 2020 on account of its wide-scale product offerings, especially for food & beverage applications.

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

Thermoform Packaging Market Report Highlights

• The food & beverage end-user industry segment led the global market accounting for the largest revenue share of over 51% in 2020
• The segment will grow further at a steady CAGR from 2021 to 2028 owing to the rising adoption of thermoformed trays, containers, and blisters by packaged food manufacturers and meat processors
• The pharmaceutical end-user industry segment accounted for a significant revenue share in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
• This growth can be attributed to the extensive incorporation of thermoform blisters by the pharmaceutical companies for the unit dose packaging
• The containers product segment accounted for the highest revenue share of over 26% in 2020 owing to high product adoption in the packaging of ready meals and processed food & beverages by the food processing companies
• PET led the material segment with a revenue share of 45.0% in 2020 and is expected to witness significant growth from 2021 to 2028
• Low cost, versatility in molding, transparency, and ease of recycling offered by PET materials are the few factors responsible for the segment growth

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

Thermoform Packaging Market Segmentation

Grand View Research has segmented the global thermoform packaging market on the basis of material, product type, end-user industry, and region:

Thermoform Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• PET
• PVC
• PS
• PP
• PE
• Others

Thermoform Packaging Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Blister
• Clamshell
• Skin Packaging
• Trays & Lids
• Containers
• Others

Thermoform Packaging End-user Industry Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverage
• Personal Care & Cosmetics
• Pharmaceuticals
• Electronics
• Homecare
• Others

Thermoform Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Thermoform Packaging Market

• Amcor
• Sonoco Products Company
• Placon Corp.
• Display Pack, Inc.
• Pactiv LLC
• Dart Container Corp.
• Constantia
• Tray-Pak Corp.
• D&W Fine Pack
• Lacerta Group, Inc.
• RPC Group Plc
• Silgan Holdings, Inc.
• Sinclair & Rush, Inc.
• Rompa 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.

Surgical Robots Market Size Projected to Rise Lucratively during 2021 to 2028: Grand View Research Inc.

 Surgical Robots Market Growth & Trends

The global surgical robots market size is expected to reach USD 14.04 billion by 2028 and is expected to expand at a CAGR of 21.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness and adoption of minimally invasive surgeries due to the potential benefits provided by them is impacting the growth positively. Furthermore, the increasing penetration of international players is further bolstering revenue growth over the forecast period.

Furthermore, rising acceptance for robotic procedures and laparoscopic procedures, technological advancements in medical imaging, and increasing prevalence of lung cancer, tumors, spine disorders, and other conditions are some of the major factors anticipated to boost the adoption and acceptance of surgical robots over the forecast period. However, the restricted rate of adoption of surgical robots in underdeveloped and developing economies owing to untrained doctors and limited healthcare spending may hinder the growth of the market.

Based on application, the market is segmented into neurology, orthopedics, urology, gynecology, and others. In 2020, the others segment accounted for the highest revenue share. This segment mainly includes the usage of surgical robots in laparoscopy, oncology, and various other general surgeries. This growth is attributed to the increasing demand for minimally invasive laparoscopic surgeries and the growing usage of surgical robots in cancer. In addition, reduction in limitations associated with traditional surgery procedures and enhancement in delivering successful outcomes through the utilization of robotic technologies is further fueling the adoption and growth.

North America dominated the market with a revenue share of 51.3% in 2020 owing to the significant presence of international players along with the lineup of many products for FDA clearance, ongoing developments in robotics, and the demand for minimally invasive surgeries to reduce the post-operative period. Furthermore, R&D initiatives about ergonomically designed workstations to improve learning curves and speed up clinical adoption in the region, coupled with improvements in miniaturization of instruments, are the other factors boosting the growth in the region.

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

Surgical Robots Market Report Highlights

• The growing awareness about minimally invasive surgeries and their rising adoption due to the potential benefits are the key factors fueling the market growth
• The others segment dominated the global market in 2020, owing to increasing demand for minimally invasive laparoscopic surgeries and growing usage of surgical robots in cancer
• The North America region dominated the global market for surgical robots with a revenue share of 51.3% in 2020, owing to the significant presence of international players along with the lineup of many products for FDA clearance, ongoing developments in robotics, and the demand for minimally invasive surgeries to reduce the post-operative period

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

Surgical Robots Market Segmentation

Grand View Research has segmented the global surgical robots market based on application and region:

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

• Orthopedics
• Neurology
• Urology
• Gynecology
• Others

Surgical Robot Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Surgical Robots Market

• Medrobotics Corporation
• Smith and Nephew
• Transenterix, Inc
• Intuitive Surgical
• Renishaw, plc
• Medtronic
• Stryker Corporation
• Zimmer Biomet
• Think Surgical, 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.

Molded Pulp Packaging Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Molded Pulp Packaging Market Growth & Trends

The global molded pulp packaging market size is expected to reach USD 6.1 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. Growing demand for eco-friendly sustainable packaging from the end-user segments owing to growing awareness regarding the adverse effects of plastic pollution is expected to be the key driver for the market.

The Covid-19 pandemic has benefitted the molded pulp packaging owing to increased demand for eggs from the retail segment. In addition, increasing demand for home deliveries of fresh food, vegetables, and other grocery items owing to restrictions on the movement of the public also supported the market growth. However, shortages of raw material owing to supply chain disruption have increased the prices of the packaging products.

Molded pulp packaging usage was limited to the transportation and distribution of eggs but owing to increased demand for recyclable, eco-friendly packaging, the penetration of these products in electronics, healthcare, and other industrial applications is also on the rise, which is expected to drive the market over the forecast period.

Molded pulp products are made of pulp obtained from virgin wood, discarded corrugated & folding boxes, recovered or wastepaper, and other sources. The aesthetic appeal and geometry of molded pulp products are not consistent when compared with plastic products. whereas plastic molded products offer excellent finishing & product appeal and shape consistency. Rapid development in bioplastic and biodegradable plastics is expected to create challenges for the market players.

The industry players are adopting several strategies including mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in January 2020, Sonoco Products Company acquired Plastique Holdings, Ltd. and Thermoform Engineered Quality LLC, together known as TEQ, a manufacturer of thermoformed packaging products. It was acquired from ESCO Technologies, Inc. for an amount of USD 187 million. This acquisition has further widened the product offerings from Sonoco Products Company.

Request a free sample copy or view report summary: Molded Pulp Packaging Market Report

Molded Pulp Packaging Market Report Highlights

• The wood pulp segment dominated the market in 2020 due to the abundant availability of virgin wood and wastepaper at a lower cost
• The transfer type segment accounted for the highest revenue share in 2020 owing to the high penetration of transfer molded pulp products, such as clamshells and trays, for fruits and eggs packaging
• Trays emerged as dominating product segment in 2020 on account of high demand for transport of fragile products including glass beverage bottles, wine bottles, eggs, etc. due to their easy availability, low cost, and good shock absorption capabilities
• The electronics end-use segment is anticipated to register the fastest CAGR over the forecast period
• Several electronic products, such as modems, set-up boxes, refrigerators, inverters, and printers, are packaged using molded pulp packaging products, such as end caps as they protect electronic devices during storage and transportation
• New product developments coupled with mergers & acquisitions, and capacity expansions are some of the key strategies adopted by market participants
• For instance, in December 2019, Huhtamaki launched a packaging product line called Future Smart Duo Fiber Lid suitable for cold and hot beverages. It is a sustainable solution produced using a mixture of bagasse and wood fibers

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

Molded Pulp Packaging Market Segmentation

Grand View Research has segmented the global molded pulp packaging market on the basis of source, molded type, product, application, and region:

Molded Pulp Packaging Source Outlook (Revenue, USD Million, 2017 - 2028)

• Wood Pulp
• Non-wood Pulp

Molded Pulp Packaging Molded Type Outlook (Revenue, USD Million, 2017 - 2028)

• Thick Wall
• Transfer
• Thermoformed
• Processed

Molded Pulp Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Trays
• End Caps
• Bowls & Cups
• Clamshells
• Plates
• Others

Molded Pulp Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Food Packaging
• Food Service
• Electronics
• Healthcare
• Industrial
• Others

Molded Pulp Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Molded Pulp Packaging Market

• Brodrene Hartmann A/S
• Huhtamako Oyj
• UFP Technologies, Inc.
• Thermoform Engineered Quality LLC
• Genpak, LLC
• Eco-Products, Inc.
• Fabri-Kal
• Sabert Corp.

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 Vectors And Plasmid DNA Manufacturing Market to Record an Exponential CAGR by 2028

 Viral Vectors And Plasmid DNA Manufacturing Market Growth & Trends

The global viral vectors and plasmid DNA manufacturing market size is expected to reach USD 8.6 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 robust pipeline for gene therapies and viral-vector-based vaccines has primarily driven the market.

Amidst the COVID-19 pandemic, the demand for viral vectors has rapidly increased especially in vaccinology. This led to expanding manufacturing capabilities by operating players to meet the growing demand. The application of these vectors in vaccine development has witnessed significant growth in 2020.

Also, an increase in the number of gene therapy-based discovery programs initiated by biotechnology and pharmaceutical companies is expected to drive the demand for scalable production of gene therapy vectors. Owing to this, several private and public agencies are providing funds to accelerate advancements in the manufacturing processes for viral vectors.

Besides, the implementation of single-use technology can lead to significant savings in capital, operating costs, materials, and labor. The use of this equipment will enhance efficiency and improve flexibility, leading to high yields of the final product. Thus, advancements in single-use technology directly impact revenue growth in this space.

Request a free sample copy or view report summary: Viral Vectors And Plasmid DNA Manufacturing Market Report

Viral Vectors And Plasmid DNA Manufacturing Market Report Highlights

• The Adeno Associated Virus (AAV) segment accounted for the significant revenue share in 2020. High usage and promising results in gene therapy clinical trials have boosted its adoption
• Moreover, several biopharma companies are offering their viral vector platform for the development of AAV-based gene therapy products, thereby driving the segment
• The downstream processing segment dominated the market in terms of revenue share. This can be attributed to the availability of advanced purification products
• Owing to the rising demand for cost-effective and scalable manufacturing processes, companies are involved in the development of the upstream cell culture processes
• This is anticipated to result in the notable growth of the upstream processing segment
• The vaccinology segment dominated the market in terms of revenue share in 2020
• The SARS-COV-2 pandemic has supplemented the use of vectors in this segment
• With the active engagement of the research community in the R&D of advanced therapies, research institutes captured the maximum revenue share in the market
• The initiation of several R&D programs by pharmaceutical and biopharmaceutical companies to combat the COVID-19 crisis would further propel market growth
• A rapidly growing pipeline of advanced therapy products for various cancer types has led to lucrative revenue generation in the cancer segment
• North America maintained its dominance in 2020 owing to the high number of entities engaged in offering products and services for viral vector manufacturing in the U.S.
• Furthermore, the remarkable success of viral vector-based Kymriah, Yescarta, and ZOLGENSMA in the U.S. has also contributed to regional dominance
• In Asia Pacific, the market is projected to witness the fastest growth rate owing to industrialization and clinical transformation of gene therapy in the region
• Companies continue to make focused attempts to expand their manufacturing facilities as well as service portfolio to maintain their market presence

Access Press Release@ https://www.grandviewresearch.com/press-release/global-viral-vector-plasmid-dna-manufacturing-market

Viral Vectors And Plasmid DNA Manufacturing Market Segmentation

Grand View Research has segmented the global viral vectors and plasmid DNA manufacturing market on the basis of vector type, workflow, application, end use, disease, and region:

Viral Vectors & Plasmid DNA Manufacturing Vector Type Outlook (Revenue, USD Million, 2017 - 2028)

• Adeno Associated Virus (AAV)
• Lentivirus
• Adenovirus
• Retrovirus
• Plasmid DNA
• Others

Viral Vectors & Plasmid DNA Manufacturing Workflow Outlook (Revenue, USD Million, 2017 - 2028)

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

Viral Vectors & Plasmid DNA Manufacturing Application Outlook (Revenue, USD Million, 2017 - 2028)

• Antisense & RNAi
• Gene Therapy
• Cell Therapy
• Vaccinology
• Research Applications

Viral Vectors & Plasmid DNA Manufacturing End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Pharmaceutical and Biopharmaceutical Companies
• Research Institutes

Viral Vectors & Plasmid DNA Manufacturing Disease Outlook (Revenue, USD Million, 2017 - 2028)

• Cancer
• Genetic Disorders
• Infectious Diseases
• Others

Viral Vectors & Plasmid DNA Manufacturing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Viral Vectors And Plasmid DNA Manufacturing Market

• Merck KGaA
• Lonza
• FUJIFILM Diosynth Biotechnologies
• Cobra Biologics
• Thermo Fisher Scientific
• Waisman Biomanufacturing
• Genezen laboratories
• YPOSKESI
• Advanced BioScience Laboratories, Inc. (ABL)
• Novasep Holdings S.A.S.
• Orgenesis Biotech Israel Ltd
• Vigene Biosciences Inc.
• General electric company (GE Healthcare)
• pharmaceuticals GMBH
• Batavia Biosciences
• 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 BmbH
• Takara Bio Inc.
• Cell and Gene Therapy Catapult Bluebird Bio Inc.
• Addgene Inc.
• Aldevron LLC
• Astellas Pharma Inc.
• 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.

Disposable Endoscopes Market: Advanced Technologies and Growth Opportunities Worldwide By 2028

 Disposable Endoscopes Market Growth & Trends

The global disposable endoscopes market size is expected to reach USD 5.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. The rise in demand for single-use endoscopes for eliminating the risk of device-related infection is a major parameter driving the market. There is a rise in concern over device-related infection globally. For instance, nearly 350 patients from 41 medical facilities were infected by or exposed to contaminated gastroscopes in 2016, according to the U.S. FDA in 2016. Moreover, the American Journal of Infection Control detected microbial growth in 71.0% of the endoscope samples collected for research from three U.S. hospitals in 2018. Thus, increasing cases of hospital-acquired infections are driving the market growth. Moreover, there is a growing demand for reusable bronchoscopes as reusable contaminated bronchoscopes can put COVID-19 patients at risk.

Disposable endoscopes offer benefits such as reduction of costs of cleaning supplies, repairs, and maintenance. It also eliminates the long-term service contracts for endoscopes. The Cost-effectiveness of disposable endoscopes over reusable endoscopes is driving the market growth potential. Rise in prevalence of target-based diseases including ENT, neurological, cancer, GI disorders, and others along with the growing geriatric population is supporting the growth of the market.

Market players are investing in the development of medical devices including disposable bronchoscopes, disposable arthroscopes, and disposable gastroscopes. In addition, product approvals and launches are supporting the growth of the market. For instance, in July 2020, Ambu, a medical device manufacturer received a 510(k) clearance from the U.S. FDA clearance for its single-use duodenoscopes. The device includes single-use scope and a reusable processor. Moreover, the company launched Ambu aScope 4 Cysto, a single-use cystoscope. The cystoscope eliminates the repairing and reprocessing time of the urologist.

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

Disposable Endoscopes Market Report Highlights

• Bronchoscopy emerged as the leading type segment in 2020 and accounted for the largest revenue share of 29.9% in the market
• The hospitals segment dominated the market and accounted for the largest revenue share in 2020, whereas the clinics segment is projected to expand at the fastest CAGR during the forecast period
• North America dominated the market and accounted for the largest revenue share of 42.1% in 2020, whereas Asia Pacific is projected to expand at the fastest CAGR during the forecast period

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

Disposable Endoscopes Market Segmentation

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

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

• Bronchoscopy
• Urologic endoscopy
• Arthroscopy
• GI endoscopy
• ENT endoscopy
• Others

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

• Hospitals 
• Clinics
• Diagnostics Centers

Disposable Endoscopes Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Disposable Endoscopes Market

• Ambu A/S
• Prosurg Inc. (Neoscape, Inc.)
• AirStrip Technologies
• Boston Scientific Corporation
• Parburch Medical
• OBP Medical Corporation
• Welch Allyn (Hill-Rom Services Inc.)
• Allscripts Healthcare Solutions
• Flexicare Medical Limited
• Timesco Healthcare Ltd.
• Sunmed

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.