3D Animation Market Plying for Significant Growth During 2021-2028: Grand View Research Inc.

 3D Animation Market Growth & Trends

The global 3D animation market size is estimated to reach USD 39.96 billion by 2028, registering a CAGR of 11.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The significant increase in the adoption of cloud solutions for animation, rising demand for high-quality content by consumers, and the increased use of Visual Effects (VFX) in movies are some of the key factors driving the market growth. The integration of Artificial Intelligence (AI) with 3D animation has made the simulation process more streamlined. Hence, many companies are partnering with AI technology providers to simplify their simulation tasks and enhance the overall quality of several operations. For instance, Autodesk, Inc.’s acquisition of Spacemaker, an AI-supported software provider for urban development, has allowed the company to speed up the designing, planning, and development process of architecture and urban planning.

The substantial adoption of VFX in the entertainment sector is expected to fuel market growth. The technique is being preferred to depict scenarios that cannot be shot in a real environment by game developers, movie makers, and animators. The latest trend of applying VFX in adverts and infomercials to display products, using 3D elements such as animated logos, is anticipated to drive the growth of the market for 3D animation. Several entertainment businesses are exploiting techniques such as 3D videos, interactive 3D, virtual reality 3D, inverse kinematics, fluid simulation, and 3D skeletal animation in their media offerings. For instance, Warner Bros. Entertainment Inc, Dreamworks Animation, and Disney (Pixar) are producing animated movies using these techniques, thus driving the market.

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3D Animation Market Report Highlights

• In terms of component, the software segment is expected to witness the fastest CAGR of over 12.5% from 2021 to 2028
• In terms of end use, the media and entertainment segment accounted for the largest revenue share of over 35.0% in 2020 and is likely to maintain its dominance till 2028
• The Asia Pacific region is anticipated to register the highest CAGR of nearly 13.0% over the forecast period as the market is witnessing a high deployment of advanced 3D technologies in various application areas
• In terms of technique, the 3D modeling technique segment dominated the market in 2020 and is expected to maintain its dominance over the forecast period as this technique enables the designing and creation of digital objects
• In terms of deployment, the on-premise segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. This growth can be attributed to the increased deployment of on-premise solutions in the VFX and visualization business

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3D Animation Market Segmentation

Grand View Research has segmented the global 3D animation market based on technique, component, deployment, end use, and region:

3D Animation Technique Outlook (Revenue, USD Million, 2016 - 2028)

• 3D Modeling
• Motion Graphics
• 3D Rendering
• Visual Effects

3D Animation Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
• Software
• Services

3D Animation Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• On-demand

3D Animation End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Media & Entertainment
• Architecture & Construction
• Education & Academics
• Manufacturing
• Healthcare & Life sciences
• Government & Defense
• Others

3D Animation Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the 3D Animation Market

• Autodesk, Inc.
• Corel Corporation
• Adobe Systems Incorporated
• NVIDIA Corporation
• Side Effects Software Inc.
• Maxon Computer

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.

Commercial Vehicles Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 Commercial Vehicles Market Growth & Trends

The global commercial vehicles market size is expected to reach USD 1.82 trillion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 5.2% from 2021 to 2028. Continued infrastructure development, and the growth of the construction and mining industries, and the subsequent need for the development of road infrastructure are expected to drive the growth. The unabated growth of the e-commerce industry, which has drastically transformed the logistics industry, is also expected to drive the demand for commercial vehicles. Advanced in technology and the continued integration of telematics and communication capabilities into commercial vehicles also bodes well for the growth of the market over the forecast period.

The market is evolving consistently in line with the advances in technology and changing preferences of end users. The need to ensure safety and convenience while traveling is driving technological advancements. The introduction of truck platooning has particularly enhanced the safety of trucks. Platooning envisages driving trucks closer to each other at a constant speed with reduced acceleration and braking, thereby controlling fuel consumption. Truck platooning can potentially reduce CO2 emissions by up to 10%. Platooning can also help increase safety by implementing automatic braking. As such, platooning also helps ensure efficient use of roads, reducing traffic jams, and delivering goods faster than ever.

Customers willing to invest in commercial vehicles are also scouting for additional services, such as financing services, rental services, and leasing services. The growing demand for individualized solutions is another trend increasingly being adopted in the market. Large enterprises, along with medium-sized companies, are also opting for customized financial deals, especially in leasing solutions. At the same time, the focus of safety in commercial vehicles is gradually shifting from reducing the impact of an accident to preventing an accident. Hence, customers are opting for vehicles equipped with new-age safety features that can potentially help prevent accidents.

The outbreak of the COVID-19 pandemic took its toll on the demand for commercial vehicles in 2020. The lockdowns imposed in various parts of the world as part of the efforts to arrest the spread of coronavirus affected several industries and industry verticals, including manufacturing, automotive, entertainment, and hospitality. The global automotive production volumes declined over the year in 2020, mainly due to the dwindling production volumes in North America and Europe, among other regions, as production facilities were shut temporarily as part of the lockdown procedures. According to the OrganisationInternationale des Constructeursd'Automobiles (OICA), global commercial vehicle production dropped by more than 15% over the year from 91,786,861 units in 2019 to 77,621,582 units in 2020. Nevertheless, the market is looking forward to some respite in the short term as various governments are gradually relaxing the restrictions and allowing businesses to operate with mandates, such as social distancing; and the demand for cars from the middle-class population is growing.

North America accounted for a market share of around 50% in 2020 and is estimated to register a CAGR of over 3% over the forecast period. Apart from the growing purchasing power of the population in North America, the region is also witnessing continued investments in infrastructure development. At the same time, the governments of North American countries are particularly focusing on having in-house automotive production. Digitization of trucks in line with the growing preference for connected trucks is expected to offer new business opportunities for key OEMs, including Volkswagen (MAN & Scania), Daimler AG, and Volvo. These OEMs are expected to invest aggressively in telematics solutions, thereby contributing to the growth of the regional market over the forecast period.

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Commercial Vehicles Market Report Highlights

• The Light Commercial Vehicles (LCVs) segment is estimated to register the highest CAGR of around 5% over the forecast period. The growth can be attributed to the dynamic nature of these vehicles. LCVs can be modified and used for the transportation of goods as well as passengers
• Logistics was the largest segment in 2020 and is anticipated to reach USD 530.85 billion over the forecast period. The growing trade activities in developing economies coupled with the strengthening logistics infrastructure are some of the prime factors that are expected to drive the segment growth
• North America accounted for the largest market share in 2020. As a result, easy availability of convenient financing options, a strong emphasis by the governments in the region to ensure in-house automotive production, and aggressive investments in infrastructure development are some of the factors that are expected to contribute to the growth of the regional market

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Commercial Vehicles Market Segmentation

Grand View Research has segmented the global commercial vehicles market based on product, end use, and region:

Commercial Vehicles Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Light Commercial Vehicles (LCVs)
• Heavy Trucks
• Buses & Coaches

Commercial Vehicles End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Industrial
• Mining & Construction
• Logistics
• Passenger Transportation
• Others

Commercial Vehicles Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Sweden
  • Denmark
  • Rest of Europe
• Asia Pacific
  • Greater China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Turkey
  • Rest of Middle East and Africa

List of Key Players in the Commercial Vehicles Market

• Ashok Leyland
• Bosch Rexroth AG
• Daimler
• Volkswagen AG
• Toyota Motor Corporation
• Mahindra and Mahindra
• TATA Motors
• AB Volvo
• Golden Dragon
• General Motors

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 Equipment Calibration Services Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Medical Equipment Calibration Services Market Growth & Trends

The global medical equipment calibration services market size is expected to reach USD 2.2 billion by 2028, registering a CAGR of 9.4% over the forecast period, according to a new report by Grand View Research, Inc. The market is majorly driven by the demand for refurbished medical equipment, stringent regulations, and market strategies, such as total annual calibration service subscriptions, provided by service providers.

Calibration ensures the highest level of precision for medical devices while also lowering costs, making it an essential component of biomedical cGMP and FDA compliance. As medical equipment measurements have a significant impact on public health and safety, pharma and biotech businesses must adhere to ISO/IEC 17025:2005 regulations throughout testing, calibration, and sampling.

The calibration requirements for equipment are defined in title 21 of the FDA’s Code of Federal Regulations. As per section 820.72, manufacturers are required to inspect, measure, and test equipment to ensure that it is adequate for its intended purpose and capable of producing correct findings. Noncompliance with FDA equipment calibration standards can result in significant financial fines. It ranges from $100,000for individual errors that do not result in a patient's death to $500,000 for a noncompliance issue that results in a patient's death.

The COVID-19 pandemic has had a major impact on the market The healthcare sector has experienced unprecedented difficulty as a result of governments' clear social distancing attempts to prevent the virus from spreading. This has affected the sales reps, medical scientific liaisons, and pharma personnel's face-to-face interactions.

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Medical Equipment Calibration Services Market Report Highlights

• The third-party calibration services segment dominated the market with a share of 40.2% in 2020. This is owing to the quickest turnaround time for equipment calibration results when using a third-party source on-site
• The clinical laboratories segment is projected to witness the fastest CAGR of 11.2% over the forecast period, as these labs prefer to subscribe to annual or periodic service plans that cover the validation of all of the lab's instruments
• North America account 3d for the maximum revenue share of 37.0% in 2020 due to factors, such as the increasing number of medical devices recalls as technology becomes more sophisticated
• Asia Pacific is anticipated to register the fastest CAGR of 10.3% over the forecast period due to the strict regulatory regulations and increasing public awareness about the quality of services given in hospitals and laboratories

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Medical Equipment Calibration Services Market Segmentation

Grand View Research has segmented the global medical equipment calibration services market based on service, end user, and region:

Medical Equipment Calibration Services Outlook (Revenue, USD Million, 2016 - 2028)

• In-house
• Third-party Services
• Original Equipment Manufacturer (OEM)

Medical Equipment Calibration Services End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinical Laboratories
• Others

Medical Equipment Calibration Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Medical Equipment Calibration Services Market

• Tektronix
• Fluke Biomedical
• Biomedical Technologies Inc.
• NS Medical Systems
• Transcat, Inc.
• JM Test Systems
• JPen Medical
• TAG Medical
• Hospicare Equipment Services 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.

Europe Brewer’s Spent Yeast Market Report by Opportunity, Demand, Major Driving Factors and Business Growth Strategies

 Europe Brewer’s Spent Yeast Market Growth & Trends

The Europe brewer’s spent yeast market size is expected to reach USD 1.48 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.5% over the forecast period. The growing use of brewer’s spent yeast as an economic and low-cost nutritional additive is one of the major factors driving the market growth.

The presence of numerous beer producers in Europe with large-scale production capacities has resulted in ample availability of brewer’s by-products such as Brewer’s Spent Yeast (BSY) and Brewer’s Spent Grains (BSG). The ongoing developments for the extraction of proteins in BSYand expanding applications of food-grade BSY, such as non-GMO vegan egg white substitute made from the spent yeast, are expected to fuel the market growth over the forecast period.

The brewer’s spent yeast is a good source of protein, vitamin, mainly vitamin B complex, as well as other ingredients such as beta-glucans, mono, and oligosaccharides, that have a high value in the nutraceutical industry. The composition and quantity of the amino acids in spent yeast are critical nutritional elements utilized in food supplements consumed to maintain nitrogen supply to the body and balance growth of human muscle and atrophy. The flavor-enhancing amino acids in spent yeast are also used in the food industry due to the presence of alanine, glycine, aspartic acid, and glutamic acid.

Germany accounted for the highest market share estimated in the region. The Presence of major global players in the food industry, such as Dr. Oetker, along with the innovative and competitive landscape, and the industry’s openness to adopting novel ingredients for various applications in functional foods has contributed to the market growth. For instance, mannoproteins found in the cell walls of BSY are used as bio-emulsifiers in the food industry and are considered to be a healthy alternative to common emulsification agents such as palm oil.

The rising popularity of brewer’s spent yeast in the food industry along with the increased R&D investment for the product by food supplement companies to expand the utilization of product across different applications is expected to solidify the product’s growth over the forecast period. For instance, the research in the application of BSY in oil microencapsulation has led to the successful utilization of spent yeast hydrolysate as a cost-effective carrier material. The market is marked by the presence of companies that are vertically integrated to manufacture brewer’s spent yeast as well as the subsequent food applications as feed and food supplements. For instance, NOW Foods is forward integrated to manufacture debittered Brewer's Yeast Powder branded as a vegan superfood.

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Europe Brewer’s Spent Yeast Market Report Highlights

• Liquid brewer’s spent yeast generated a revenue of USD 437.14 thousand in 2020. This category dominates the industry as of 2020, as it requires low processing cost and can be utilized as animal feed supplements with minimal processing, which has resulted in the product being widely used across Europe by farmers and animal breeders
• Dry brewer’s spent yeast is used in the form of extract or functional ingredient for food, pharmaceutical, and cosmetic applications. It is preferred over liquid yeast as it is easier to store and transport. The low susceptibility of dry yeast for spoilage is likely to contribute to the high CAGR of 11.8% over the forecast period. The feasibility of the distribution of dry yeast is expected to result in high growth of the type segment
• The feed supplement segment is estimated to be the largest application segment, primarily driven by the rapidly developing animal feed industry. BSY not only proves to be a cost-effective alternative to traditional feed additives due to abundant availability throughout the year but also helps cut back the agro-industrial waste by introducing it into a new value chain
• The food supplement segment accounted for a revenue market share of 26.7% in 2020 and is expected to expand at a CAGR of 11.1% over the forecast period. The growth is attributed to the innovative products made from spent yeast such as BSY autolysates characterized by desired content of free amino acids derived from precise time-controlled autolysis resulting in products with custom-designed functional properties

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Europe Brewer’s Spent Yeast Market Segmentation

Grand View Research has segmented the Europe brewer’s spent yeast market based on type, application, and region:

Europe Brewer’s Spent Yeast Type Outlook (Volume, Kilotons; Revenue, USD Thousand, 2017 - 2028)

• Dry
• Liquid

Europe Brewer’s Spent Yeast Application Outlook (Volume, Kilotons; Revenue, USD Thousand, 2017 - 2028)

• Feed Supplement
• Food Supplement

Europe Brewer’s Spent Yeast Regional Outlook (Volume, Kilotons; Revenue, USD Thousand, 2017 - 2028)

• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia

List of Key Players of Europe Brewer’s Spent Yeast Market

• Associated British Food plc
• Lesaffre
• Alltech
• Leiber GmbH
• Cargill, Incorporated
• AngelYeast Co., Ltd.
• Lallemand Inc.
• Nutreco N.V.
• Biomin; ADM
• KORMAPROM

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.

AI-based Surgical Robots Market Predicted to Cross USD 17.2 Billion by 2028: Grand View Research Inc.

 AI-based Surgical Robots Market Growth & Trends

The global AI-based surgical robots market size is expected to reach USD 17.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.2% from 2021 to 2028. Increased efficiency and success rate provided by robotic surgeries are boosting the growth of the market. In addition, the shift in preference for minimally invasive surgeries by patients over traditional methods is further bolstering the growth.

In 2020, services dominated the market with a share of 52.0%. It is attributed to the comprehensive contracts of services provided by key players to the customers and higher maintenance and routine servicing costs associated with the surgical robots. In addition, the technologically advanced algorithms provided by the companies in these products and their upgrades further add to the services segment, thereby increasing its revenue share.

In 2020, based on application, the other segment accounted for the highest revenue share in the market. The others segment comprises applications such as general surgeries, laparoscopies, and oncological interventions or procedures. The growing number of robotic interventional and assisted surgical procedures and the increasing prevalence of conditions such as breast cancer are some of the major factors responsible for higher revenue share.

Moreover, the COVID-19 pandemic has significantly impacted the market owing to the postponement of elective surgical procedures by various healthcare institutions across the globe. It can be witnessed by the decline in revenue generated by key players in 2020 compared to 2019 further signifies the de-growth of the market due to the pandemic. The presence of benefits of Robot-assisted Surgeries (RAS), such as a reduction in the interaction time between the medical staff and patients for these procedures, is likely to boost market growth post-pandemic.

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AI-based Surgical Robots Market Report Highlights

• The market is anticipated to witness significant growth by 2028, owing to the increased efficiency and success rate provided by robotic surgical interventions
• The services segment dominated the market in 2020 due to comprehensive contracts of services provided by the key players to the customers and higher maintenance and routine servicing costs associated with the surgical robots.
• The others segment dominated the market in 2020, owing to the growing number of robot-assisted general surgeries and laparoscopies, along with the increasing prevalence of conditions such as breast cancer
• North America dominated the market with a revenue share of 46.9% in 2020, owing to various factors covering ongoing developments in the robotics sector and artificial intelligence, the presence of key players, and a rising number of technological advancements concerning surgical robots in the region

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AI-based Surgical Robots Market Segmentation

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

AI-based Surgical Robots Product Outlook (Revenue, USD Million, 2016 - 2028)

• Services
• Instruments and Accessories

AI-based Surgical Robots Application Outlook (Revenue, USD Million, 2016 - 2028)

• Orthopedics
• Neurology
• Urology
• Gynecology
• Others

AI-based Surgical Robots 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
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of AI-based Surgical Robots Market

• Accuray Incorporated
• Intuitive Surgical, Inc.
• Medtronic, plc
• Medrobotics Corporation
• Zimmer Biomet
• Stereotaxis, Inc.
• TransEnterix, Inc. (Asensus Inc.)
• Stryker Corporation
• Activ Surgical, Inc.
• Titan Medical, Inc.
• CMR Surgical, Inc.
• Smith and Nephew

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.

U.S. Packaged Food Market to Reach USD 1,376.00 Billion by 2028: Grand View Research Inc.

 U.S. Packaged Food Market Growth & Trends

The U.S. packaged food market size is expected to reach USD 1,376.00 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2021 to 2028. The increasing product innovation, innovative packaging, changing lifestyle, rising number of dual-income families, and hectic schedules of consumers have boosted the demand for packaged foods in the U.S. Moreover, the growing trend of plant-based and organic foods is driving the market. With the rising health consciousness, consumers are gradually shifting toward healthy food and drink alternatives. As a result, food products with low-calorie, low-fat, gluten-free, sugar-free, and organic claims gain traction among consumers.

The beverages product segment accounted for the largest share of over 20.0% in 2020, followed by the dairy products segment. Healthy drinks made with natural ingredients and less sugar are gaining traction among consumers. Furthermore, increasing demand for functional beverages is fueling the growth of this product segment. Milk, butter, and cheese have wide application in the daily lives of consumers in the U.S. In addition, lately, yogurt and yogurt drinks are gaining significant popularity across the nation.

The market is highly competitive with a large number of well-established companies across the country. Consumers have been preferring companies that are known for prioritizing sustainable production and environment-friendly packaging. As a result, several companies are focusing on sustainable packaging and a transparent supply chain. For instance, in January 2020, Nestlé announced to invest up to USD 2.12 billion in advanced sustainable packaging solutions to shift to food-grade recycled plastics from virgin plastics. The company has committed to making 100% of its packaging reusable or recyclable by 2025.

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U.S. Packaged Food Market Report Highlights

• By product, the beverages segment held the largest share of more than 20.0% in 2020. The strong popularity of such products among consumers as healthy drinks is expected to remain a favorable factor for the segment growth over the next few years
• The ready-to-eat meals product segment is expected to register the fastest CAGR of 5.7% from 2021 to 2028 owing to the busy lifestyle and hectic work schedule of the consumers
• In terms of distribution channel, the supermarkets and hypermarkets segment dominated the market by accounting for over 65.0% share in 2020. Over the past few years, consumers are preferring these distribution channels owing to the availability of a wide range of products and significant price discounts offered in these stores

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U.S. Packaged Food Market Segmentation

Grand View Research has segmented the U.S. packaged food market on the basis of product and distribution channel:

U.S. Packaged Food Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Others
• Ice Creams & Frozen Novelties
• Rice, Pasta, & Noodles
• Processed Meats
• Breakfast Cereals
• Ready-to-Eat Meals
• Sauces, Dressings, & Condiments
• Beverages
• Snacks & Nutritional Bars
• Dairy Products
• Bakery & Confectionery Products

U.S. Packaged Food Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028)

• Supermarkets & Hypermarkets
• Convenience Store
• Online
• Others

List of Key Players of U.S. Packaged Food Market

• Nestlé S.A.
• The Coca-Cola Company
• PepsiCo
• Tyson Foods, Inc.
• Mars, Incorporated
• Cargill, Incorporated
• The Kraft Heinz Company
• General Mills Inc.
• Conagra Brands, Inc.
• Kellogg Co.

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.

Intravenous Solutions Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 IV Solutions Market Growth & Trends

The global intravenous solutions market size is expected to reach USD 18.9 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The growing incidence rate of chronic diseases such as cancer, increase in the number of premature births, and shortage of I.V. solutions in the U.S. are some of the key factors expected to drive the market.

One of the prime areas wherein intravenous (IV) fluids find usage is severe dehydration. Severe dehydration is seen in diseases such as diarrhea, resulting in the depletion of fluids from the body. According to the WHO, in 2017, diarrhea was the second leading cause of death in children under 5 years of age with around 5,25,000 lives lost each year. Intravenous (IV) fluids can play a key role in the treatment and prevention of deaths caused due to the dehydration/fluid loss associated with diarrhea. Other cases where intravenous fluids find application include surgeries and emergency situations.

The ongoing COVID-19 pandemic is expected to have a positive impact on the market. Intensive Care Units (ICU) worldwide are either operating at full capacity or are overcrowded due to the high influx of patients infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). As per an article published by BBC, in January 2021, critical care wards across England were running in full capacity. Nutritional care is one of the essential elements in managing these patients. This has increased the demand for intravenous (IV) fluids, as many of the patients, especially the elderly population are placed on ventilators and are unable to consume food orally.

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IV Solutions Market Report Highlights

• The Total Parenteral Nutrition (TPN) segment led the segment in terms of revenue share in 2020 owing to its growing applications in the management of chronic diseases
• The increasing number of surgeries and post-operative nutritional management is a prime factor driving the vitamins and minerals (salt and electrolyte) segment’s growth
• North America dominated the market with a revenue share of nearly 40.8% in 2020 due to the high usage of IV fluids in the U.S.

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IV Solutions Market Segmentation

Grand View Research has segmented the global IV solutions market based on type, nutrients, and region:

Intravenous Solutions Type Outlook (Revenue, USD Million, 2016 - 2028)

• Total Parenteral Nutrition (TPN)
• Peripheral Parenteral Nutrition (PPN)

Intravenous Solutions Nutrients Outlook (Revenue, USD Million, 2016 - 2028)

• Carbohydrates
• Single Dose Amino Acid Solution
• Vitamins & Minerals (Salt and electrolyte)
• Parenteral Lipid Emulsion
• Others

Intravenous Solutions Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of IV Solutions Market

• Hospira
• Terumo Corporation
• Braun Melsungen AG
• Fresenius Kabi
• Baxter

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.

Image-guided Therapy Systems Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

 Image-guided Therapy Systems Market Growth & Trends

The global image-guided therapy systems market size is expected to reach USD 5.8 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.0% from 2021 to 2028. The growing geriatric population base and increasing cases of chronic diseases are expected to boost the market growth. Other factors propelling the market growth include a rising preference for minimally invasive surgeries and technological advancements in image-guided therapy systems. Various initiatives undertaken in the area of cancer radiotherapy are also driving the market.

New product launches by major companies are also having a positive impact on market growth. For instance, in September 2020, Olympus Corporation launched ENDO-AID, an AI platform and endoscopy application with computer-aided detection for gastrointestinal applications. The AI platform with an endoscopy system-EVIS X1 enables real-time display. The growing adoption of such advanced systems is expected to drive the market. The increasing number of initiatives undertaken by public and private firms in the area of cancer radiotherapy is also estimated to have a positive impact on market growth.

Many academic institutions are also investing in cancer radiotherapy projects for increasing the effectiveness of treatment therapies. This is also likely to contribute to market expansion. The development of the Image-guided Therapy Program by the Brigham and Women’s Hospital aimed at advancing imaging and therapeutic technologies for developing minimally invasive surgical and interventional techniques is an example of one such initiative.

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Image-guided Therapy Systems Market Report Highlights

• North America accounted for the largest share in 2020 owing to the rising geriatric population and high per capita expenditure
• By product, the endoscopes segment accounted for the largest revenue share in 2020 owing to technological advancements, a high volume of endoscope-guided surgeries, and the rising preference for minimally invasive surgeries
• By application, cardiac surgery emerged as the largest application segment in 2020 owing to factors, such as rising incidence of target diseases, increasing preference for minimally invasive cardiac surgeries, and R&D initiatives aimed at developing real-time cardiac intervention systems
• By end use, the hospitals segment accounted for the largest market share in 2020 as the hospital settings are equipped with technologically advanced devices
• The ambulatory surgery centers segment is projected to expand at the fastest CAGR of 6.5% over the forecast period

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

Image-guided Therapy Systems Market Segmentation

Grand View Research has segmented the global image-guided therapy systems market based on product, application, end-use, and region:

Image-guided Therapy Systems Product Outlook (Revenue, USD Million, 2016 - 2028)

• Ultrasound Systems
• Computed Tomography (CT) Scanners
• Positron Emission Tomography (PET)
• Endoscopes
• Magnetic Resonance Imaging (MRI)
• X-ray Fluoroscopy
• Single Photon Emission Computed Tomography (SPECT)

Image-guided Therapy Systems Application Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiac Surgery
• Neurosurgery
• Orthopedic Surgery
• Urology
• Oncology Surgery
• Gastroenterology
• Others

Image-guided Therapy Systems End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Research & Academic Institutions

Image-guided Therapy Systems Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Image-guided Therapy Systems Market

• Koninklijke Philips N.V.
• Medtronic
• Siemens Healthineers
• Analogic Corporation
• GE Healthcare
• Varian Medical Systems, Inc.
• Brainlab AG
• Olympus Corporation
• Stryker

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.

Product Design & Development Services Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Product Design And Development Services Market Growth & Trends

The global product design and development 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. Low product cost, short time-to-market, and demand for advanced technologies are some of the factors boosting the growth. Medical and life sciences companies face extreme cost pressures to develop new and innovative products in shorter time frames while complying with stringent regulatory requirements of medical device.

The manufacturers face more hurdles in getting cost-effective high-quality products to market faster along with some internal factors, such as designing and production. Hence, medical device companies adopt a design-to-manufacturing approach where design, engineering, as well as production teams work in collaboration to develop the product model. This approach enhances both product quality and profitability by decreasing errors in development and designing thereby increasing success rates.

Outsourcing design engineering is anticipated to witness healthy growth over the forecast period as an increased number of manufacturers—from start-up ventures to established companies—capitalize on the benefits related to outsourcing design engineering such as improved product design and cost-effectiveness to attain a competitive edge. Furthermore, with the incorporation of IT into healthcare industry, analysis on 3D models and software, for which the third parties are well trained are expected to promote growth.

However, COVID-19 has added complexity and challenge to the medical device innovation. The product development firms are facing the major challenges so far as how to continue with business operations while evading the effects of the crisis. Product development during the pandemic continues to show optimal scope. The huge cost of development, financial risks of missing the mark, and market timing altogether contribute to the greatest challenges of medical device development and market driving innovation.

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Product Design & Development Services Market Report Highlights

• The research, strategy, and concept generation services segment accounted for the highest revenue share of 39.9% in 2020 as the stage requires extensive research and business and design strategy that generate maximum revenue
• The surgical instruments segment held major market share of 27.9% in 2020, due to the complexity of instruments which require detailed designing for making them suitable for direct contact with human body
• Key players in emerging economies of Asia Pacific and Latin America are witnessing significant increase in their revenue owing to the presence of lucrative growth opportunities
• Medical device Original Equipment Manufacturers (OEMs) are outsourcing the production of their devices to developing economies due to availability of labor and raw materials at affordable cost

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

Product Design & Development Services Market Segmentation

Grand View Research has segmented the global product design and development services market based on services, application, end use, and region:

Product Design And Development Services Outlook (Revenue, USD Million, 2016 - 2028)

• Research, Strategy, & Concept Generation
• Concept & Requirements Development
• Detailed Design & Process Development
• Design Verification
• Process Validation, Manufacturing Transfer & Design Validation
• Production & Commercial Support

Product Design And Development Services Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diagnostic Equipment
• Therapeutic Equipment
• Surgical Instruments
• Clinical Laboratory Equipment
• Biological Storage
• Consumables
• Others

Product Design And Development Services End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Device Companies
• Pharmaceutical Companies
• Biotechnology Companies
• Contract Research Organizations

Product Design And Development Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Product Design And Development Services Market

• Ximedica
• DeviceLab Inc.
• Jabil Inc.
• Flex Ltd.
• Plexus Corp.
• Celestica Inc.
• Starfish Medical
• Nordson Medical
• Planet Innovation
• Donatelle

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.

Electric Vehicle Charging Infrastructure Market Expected to Deliver Dynamic Progression By 2028

 Electric Vehicle Charging Infrastructure Market Growth & Trends

The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, many other governments are jointly developing intra-continental networks of highway charging stations.

Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV manufacturers, such as Tesla, Inc., and Nissan, are focusing on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations

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Electric Vehicle Charging Infrastructure Market Report Highlights

• The fast charger segment is anticipated to be the largest charger type segment over the forecast period owing to the ability to rapidly charge electric vehicles in lesser time compared to conventional AC chargers is the primary factor driving the demand for fast DC chargers
• Combined Charging System (CCS) is anticipated to emerge as the fastest-growing connecter segment over the forecast period owing to rising adoption by automobile manufacturers
• The commercial application segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities
• North America is estimated to account for the largest revenue share by 2028. Stringent vehicle emission standards and focus on R&D of EVs are some of the major factors driving the market in the North American region
• Various companies are investing heavily in promoting EV charging infrastructure. For instance, in November 2017, BMW, Daimler, Ford, and Volkswagen Group, together announced an investment plan for the development of 400 charging sites across Europe
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to significant growth in EV sales in the region and extensive deployment of EV chargers in countries, such as China and Japan 

Access Press Release@ https://www.grandviewresearch.com/press-release/global-electric-vehicle-ev-charging-infrastructure-market

Electric Vehicle Charging Infrastructure Market Segmentation

Grand View Research has segmented the global electric vehicle charging infrastructure market on the basis of charger type, connector, application, and region:

EV Charging Infrastructure Charger Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Slow
• Fast

EV Charging Infrastructure Connector Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• CHAdeMO
• (CCS)
• Others

EV Charging Infrastructure Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Commercial
• Residential

EV Charging Infrastructure Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • The Netherlands
  • UK.
  • France
  • Norway
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea

List of Key Players of Electric Vehicle Charging Infrastructure Market

• AeroVironment, Inc.
• ABB
• BP Chargemaster
• ChargePoint, Inc.
• ClipperCreek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Schneider Electric
• Siemens AG
• Tesla, Inc.
• Webasto SE

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.