Handwriting Digital Pen Market Expected to Deliver Dynamic Progression By 2028

 Handwriting Digital Pen Market Growth & Trends

The global handwriting digital pen market size is anticipated to reach USD 4.78 billion by 2028, registering a CAGR of 8.3% over the forecast period, according to a new report by Grand View Research, Inc. The implementation of supportive digitalization policies by governments in emerging economies like China and India is expected to push the healthcare and BFSI sectors to use digital pens as a tool for error-proof data collection and transfer. For instance, banking institutions are likely to rely on these devices as they convert manual data into digital content, which makes it easier to maintain the personal information and financial transactions of their customers. In addition, these tools can be used to edit stored data as and when required.

The use of digital pens in the animation industry has increased over the years and will continue to grow unhindered in the coming years. Companies are focusing on launching digital pens for students and professionals in the field of creative arts. For instance, Wacom Cintiq 16 was launched in January 2019 to assist students in digital sketching, illustration, and drawing. The product is embedded with Wacom’s Pro Pen 2 technology. It has 8,192 levels of pressure sensitivity and tilt, which makes it precise and accurate. Another important technology built-in it is Electro-Magnetic Resonance (EMR), which eliminates the need for battery and recharge. Such innovations are estimated to boost product penetration and market growth over the forecast period.

Asia Pacific is a larger contributor to the production of digital pens, compared to Europe and North America. Major market players have been showing increasing interest in the Asia Pacific region owing to the availability of highly skilled labor at low cost, tax waivers on establishing production plants, and trade benefits, which directly boost the profit margin of a company. The majority of manufacturers are located in China, Japan, and South Korea as a result of easy access to electronic raw materials like chips and sensors from domestic raw material suppliers. However, the rising production costs in developed economies, such as Japan and South Korea, in recent years are expected to force industry participants to shift their production bases to developing economies, such as China and India.

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Handwriting Digital Pen Market Report Highlights

• The tablet usage segment is projected to register the fastest CAGR of 8.6% over the forecast period
• BFSI is projected to be the fastest-growing application segment from 2021 to 2028. On the other hand, the healthcare application segment is expected to account for the highest revenue share by 2028
• The growing e-commerce sector and increasing preference for online shopping have compelled manufacturers to lean on online distribution for better visibility and greater reach
• Several manufacturers are increasingly focusing on implementing the direct-to-consumer approach to generate more sales through their online retail platforms

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Handwriting Digital Pen Market Segmentation

Grand View Research has segmented the global handwriting digital pen market on the basis of usage, application, and region:

Handwriting Digital Pen Usage Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• PC
• Tablet
• Smartphone

Handwriting Digital Pen Application Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• BFSI
• Healthcare
• Government
• Media & Entertainment
• Education
• Retail
• Others

Handwriting Digital Pen Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Handwriting Digital Pen Market

• Apple, Inc.
• Samsung Electronics Co., Ltd.
• Wacom Co., Ltd.
• Microsoft Corp.
• Huawei Technologies Co., Ltd.
• Lenovo
• Dell Technologies, Inc.
• Hewlett-Packard Development Company, L.P.
• Google LLC
• Sony 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.

Legal Cannabis Market Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Legal Cannabis Market Growth & Trends

The global legal cannabis market size is expected to reach USD 91.5 billion by 2028, registering a CAGR of 26.3% over the forecast period, according to a new report by Grand View Research, Inc. Owing to recent legalization in several parts of the world, the usage of cannabis is gaining momentum for medical purpose. Medical cannabis is used for the treatment of various chronic conditions, such as Parkinson’s disease, Alzheimer’s disease, arthritis, cancer, depression, anxiety, epilepsy, and other neurological conditions. Thus, a wide application scope has led to an increased product demand for the treatment of various chronic conditions.

In addition, due to cannabis being slowly accepted in various countries, some developed countries, such as Canada, Uruguay, and certain states of the U.S., have gone a step further and legalized the recreational use of cannabis. As recreational cannabis is easily available in the market with an economical price tag, the demand for the same has increased exponentially. This is expected to increase cannabis cultivation to suffice the growing demand. However, the COVID-19 pandemic has adversely affected the market growth owing to the imposition of lockdown, limiting consumers from visiting brick-and-mortar shops.

Based on the sources, the marijuana segment accounted for the highest revenue share in 2020 and is expected to exhibit the fastest growth rate during the forecast period. This can be attributed to increased awareness about its medical benefits and easy availability. For instance, Marijuana oil is used for the treatment of cancer and nausea and can also be used for the improvement of the sleep cycle and alleviating stress, pain, and anxiety. Decriminalization and legalization of medical marijuana in some countries have led to significant shrinkage in the black market.

Moreover, the high efficacy of marijuana-derived CBD is one of the pivotal factors accountable for the segment's large share. The usage of cannabis for medical applications has witnessed an expansion with rising support, among the scientific community, due to its benefits in various treatment processes. In recent years, numerous countries have legalized medical cannabis, but its prescription is dependent on the demand of the patient and physician’s preference. The recreational-use segment is expected to be the fastest-growing segment during the forecast period.

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Legal Cannabis Market Report Highlights

• The market size is anticipated to be valued at USD 91.5 billion by 2028 owing to the increasing legalization of cannabis across the globe
• The medical end-use segment dominated the market in 2020 and will retain the leading position during the forecast years
• This growth can be credited to the rising geriatric population and increasing demand for cannabis for various medical purposes, such as management of chronic pain, mental disorders, chemotherapy-induced nausea & vomiting, and neurological disorders
• North America was the largest regional market in 2020 owing to high demand and positive attitude toward cannabis

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Legal Cannabis Market Segmentation

Grand View Research, has segmented the global legal cannabis market on the basis of sources, derivatives, end-use, and region:

Legal Cannabis Sources Outlook (Revenue, USD Million, 2014 - 2028)

• Marijuana
  • Flowers
  • Oil and Tinctures
• Hemp
  • Hemp CBD
  • Supplements
  • Industrial Hemp

Legal Cannabis Derivatives Outlook (Revenue, USD Million, 2014 - 2028)

• CBD
• THC
• Others

Legal Cannabis End-use Outlook (Revenue, USD Million, 2014 - 2028)

• Medical Use
  • Cancer
  • Chronic Pain
  • Depression and Anxiety
  • Arthritis
  • Diabetes
  • Glaucoma
  • Migraines
  • Epilepsy
  • Multiple Sclerosis
  • AIDS
  • Amyotrophic Lateral Sclerosis
  • Alzheimer’s
  • Post-Traumatic Stress Disorder (PTSD)
  • Parkinson’s
  • Tourette’s
  • Others
• Recreational Use
• Industrial Use

Legal Cannabis Regional Outlook (Revenue, USD Million, 2014 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia
  • Japan
  • China
  • India
  • Thailand
• Oceania
  • Australia
  • New Zealand
• Latin America and Caribbean
  • Brazil
  • Mexico
  • Uruguay
  • Colombia
• Africa

List of Key Players of Legal Cannabis Market

• Canopy Growth Corp.
• GW Pharmaceuticals, plc
• Aphria, Inc.
• Cronos Group
• Tilray
• Sundial Growers, Inc.
• Insys Therapeutics, Inc.
• The Scotts Company LLC
• Cara Therapeutics, 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.

Carbon Dioxide Market to Record an Exponential CAGR by 2028

 

Carbon Dioxide Market Growth & Trends

The global carbon dioxide market size is expected to reach USD 10.67 billion by 2028, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rise in usage of carbon dioxide in sectors, such as oil & gas for enhanced oil recovery, food & beverages, and healthcare, is a key driving factor for the market.

Fluctuation in crude oil prices along with a rise in the number of matured oil & gas wells are resulting in oil & gas operators implementing various techniques to enhance the drilling efficiency of the existing wells. Furthermore, oil & gas operators are adopting carbon dioxide-based enhanced oil recovery techniques, which will boost the product demand in the future.

The COVID-19 pandemic has adversely affected the market growth owing to factors, such as strict social distancing norms and lockdowns in various countries around the world. This has resulted in a reduction in demand for oil & gas as well as the shutting down of industries, such as automobile, semiconductor, and consumer electronics, which affected the demand for carbon dioxide from these end users.

Major global players in the CO2 market, such as Linde plc, Air Liquide, and Air Products, Inc., account for a major share. Major companies utilize merger and acquisition strategies to enhance their industry share. For instance, Linde plc was formed by the merger of Linde AG and Praxair, which got completed in October 2018.

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Carbon Dioxide Market Report Highlights

• North America accounted for the largest revenue share in 2020 owing to the presence of several CO2-based EOR projects in the region and major food & beverages manufacturing companies
• Ethyl Alcohol emerged as the largest source segment in 2020 owing to the production of high purity CO2 and due to comparatively lower cost of production than other sources
• The food & beverages application segment led the market in 2020 with the largest revenue share owing to the utilization of CO2 in inert gas for packing fresh meat and vegetables, carbonated beverages manufacturing, and freezing & chilling of food
• Asia Pacific is expected to witness the fastest CAGR from 2021 to 2028 due to the rise in food & beverages manufacturing companies in APAC along with the focus on the implementation of CO2-based EOR in countries, such as China, India, and Indonesia
• The medical application segment is expected to witness the second-fastest CAGR over the forecast period owing to the rise in product utilization in pure form and gas mixtures for cryotherapy, cryopreservation, anesthesia, and insufflation gas

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Carbon Dioxide Market Segmentation

Grand View Research has segmented the global carbon dioxide market on the basis of source, application, and region:

CO2 Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• Hydrogen
• Ethyl Alcohol
• Ethylene Oxide
• Substitute Natural Gas
• Others

CO2 Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• Food & beverages
• Oil & Gas
• Medical
• Rubber
• Fire Fighting
• Others

CO2 Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

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

Key Players of Carbon Dioxide Market

• Linde plc
• Air Liquide
• Air Products, Inc.
• Messer
• Taiyo Nippon Sanso 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.

Smart TV Market Get Facts About Business Strategies by 2028: Grand View Research Inc.

 Smart TV Market Growth & Trends

The global smart TV market demand is expected to reach 1.18 billion units by 2028, registering a CAGR of 20.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. Growing consumer inclination toward QLED and OLED displays and the regular launch of 4K and 8K resolution television sets by new and established vendors are the factors expected to favor the global demand for smart TVs over the forecast timeframe. Smart TVs are integrated with internet connectivity features and offer a range of advanced computing and connectivity options that enable users to search, browse, download, and share content online. Industry players are focusing on further enhancing the viewing experience, which is poised to help the market gain immense traction in the near future.

Price optimization of new products has opened a range of new growth opportunities for industry participants in countries such as India and China, where a large portion of potential customers is from the low and middle-level income groups. Additionally, streaming media devices, including Google Chrome cast, Amazon Fire TV, and Apple TV, are rapidly transforming viewing patterns and experiences. As a result, numerous manufacturers, such as TCL Corporation, are collaborating with OTT device and content providers to offer inbuilt features in their television sets, eliminating the need for a set-top box.

The COVID-19 pandemic momentarily hampered the production of new smart TVs in the first couple of quarters of 2020, negatively impacting the industry supply chain. Furthermore, factors such as economic uncertainty, curbs on cross-border trade, and strict norms mandating the temporary closure of manufacturing facilities led to several challenges before market players in 2020. Nevertheless, the gradual resumption of production processes is anticipated to help the market gain traction owing to the significant increase in individuals spending more time at homes, resulting in an increased demand for online streaming services.

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Smart TV Market Report Highlights

• The pandemic has drastically influenced the routines and lifestyles of consumers globally. The Work From Home (WFH)mandates and stay-at-home orders have further led to an unparalleled increase in the consumption of in-home online videos
• In terms of technology, the 4K UHD TV segment is projected to dominate over the next seven years. This can be primarily attributed to the declining prices of smart TVs, which are attracting customers from emerging economies
• QLED TVs have gained immense prominence owing to their benefits, such as affordability, convenience in choosing color filters, efficient reduction in power consumption with enhanced brightness, and improved viewing angles in comparison with OLED screens
• Asia Pacific is poised to exhibit the highest CAGR of over 13% over the next seven years, thanks to increased consumer spending capacity and rising adoption of OTT VoD platforms, such as Netflix and Amazon Prime Video. Also, the availability of large volumes of supporting content, such as HD videos and games, is further catalyzing the growth of the regional market

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Smart TV Market Segmentation

Grand View Research has segmented the global smart TV market based on resolution, screen size, screen type, and region:

Smart TV Resolution Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• 4K UHD TV
• HDTV
• Full HD TV
• 8K TV

Smart TV Screen Size Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• Below 32 Inches
• 32 to 45 Inches
• 46 to 55 Inches
• 56 to 65 Inches
• Above 65 Inches

Smart TV Screen Type Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

• Flat
• Curved

Smart TV Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2016 - 2028)

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

List of the Key Players in the Smart TV Market

• LG Electronics Inc.
• Samsung Electronics Co. Ltd.
• Sony Corporation
• VIZIO Inc.
• Videocon Industries Ltd.
• Sansui Electric Co. Ltd.
• Toshiba Corporation
• Haier Electronics Group Co., Ltd.

About Grand View Research

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

Tabletop Kitchen Products Market Is Projected To Reach Approximately USD 53.88 Billion By 2028: Grand View Research Inc.

 Tabletop Kitchen Products Market Growth & Trends

The global tabletop kitchen products market size is expected to reach USD 53.88 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 3.5% from 2021 to 2028. The product demand is on the rise especially during the ongoing COVID-19 pandemic owing to the growing trend of home cooking as consumers are trying to avoid any outside exposure.

Demand for fancy cutlery, designer serving ware, and drinkware is increasing due to the rising influence of western culture. The emerging trend of take-away food coupled with a surge in the number of eateries is expected to give stimulus for tabletop kitchen products from the commercial sector as an increasing number of restaurant owners are investing in advanced and attractive products including buffet ware, and dinnerware. The rapid expansion of the tours and travel industry, as well as the hotel industry, is shaping the hospitality sector. companies are adopting various strategies to gain a strong foothold in the market.

The growing trend of social dining is expected to increase the demand for designer tabletop kitchen products. The rising popularity of modular kitchens has resulted in a growing number of kitchen remodeling projects, thereby driving the demand for cookware. Increasing consumer expenditure on kitchen tools, as open kitchens are trending and ambiance has become a focal point of social gatherings, will boost the demand further.

The drinkware segment is expected to register the fastest CAGR from 2021 to 2028. The growth of the segment is mainly attributed to the increasing number of food & beverage start-ups, rising disposable income, and product innovation, in terms of look, insulation performance, and presentation. In addition, the growing demand for drinkware items from the foodservice and hospitality industries and increasing consumption of beverages are driving the segment growth.

The commercial application segment led the global market in 2020 and will retain the leading position throughout the forecast years. With intense competition, restaurants and bars are taking extra efforts to make customers feel special. Moreover, increasing construction of commercial spaces, such as clubs & bars and halls for meetings, conferences, parties, etc., presents high growth opportunities for self-service and buffet concept in tabletop kitchen products.

Asia Pacific is projected to grow at the highest CAGR of 4.4% over the forecast period. Improving standards of living and economic conditions are expected to be the key factors driving the regional market. Moreover, rapidly expanding residential and commercial construction sectors in the region have positively affected the market. Increasing refurbishing and renovation activities and the growing popularity of modular kitchens are further supporting the regional market growth.

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Tabletop Kitchen Products Market Report Highlights

• The dinnerware segment accounted for the largest share of over 35% in 2020 on account of the high demand from both residential and commercial application segments
• The commercial application segment accounted for the largest revenue share of more than 64% in 2020
• The growth was credited to the developments in the hospitality sector and demand for high-end tabletop items from the sector
• Europe held the largest revenue share in the global market in 2020 owing to the shift in eating culture, such as increasing preference for casual and social dining, which, in turn, boosts the product demand

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Tabletop Kitchen Products Market Segmentation

Grand View Research has segmented the global tabletop kitchen products market on the basis of type, application, and region:

Tabletop Kitchen Products Type Outlook (Revenue, USD Million, 2016 - 2028)

• Dinnerware
• Flatware
• Whitegoods
• Drinkware
• Buffet Products
• Others

Tabletop Kitchen Products Application Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

Tabletop Kitchen Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Tabletop Kitchen Products Market:

• Arc International
• Zalto
• Haier
• The Oneida Group
• The Vollrath Company
• Hendi
• Koninklijke Philips N.V
• MatferBourgeat International
• Samsung
• BSH Hausgeräte GmbH

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 Microscopes Market to Reach USD 2.3 Billion by 2028: Grand View Research Inc.

 Surgical Microscopes Market Growth & Trends

The global surgical microscopes market size is expected to reach USD 2.3 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.1% from 2021 to 2028. The rising need for ophthalmic procedures, rapid adoption of surgical microscopes in cosmetic surgeries, and new product launches are factors driving the growth of the market. For instance, in October 2018, Med X Change, Inc. launched 4Klear, a 4K Camera & Medical Video Recorder for surgical microscopes. Ophthalmic, neurological, cosmetic, and other minimally invasive surgeries require utmost precision and accuracy.

This can only be achieved through superior visualization tools. Surgical microscopes offer improved visibility, stability, recording capabilities, illumination, and high magnification of minute veins. This has led to increased demand for the product among physicians. These tools have revolutionized the field of minimally invasive surgeries as they allow surgeons to perform surgeries with maximum precision on actual pathology by magnifying the surrounding anatomical structures, resulting in improved patient outcomes with a shorter duration of procedures and rapid recovery.

In addition, limitations of open surgeries have been significantly eliminated by integrating the workflow in operating rooms. Thus, the majority of surgeons are adopting minimally invasive surgeries in various medical fields worldwide. Furthermore, people in emerging economies are willing to pay for premium-quality services due to increasing disposable income, which is anticipated to drive market growth during the forecast period. North America dominated the market in 2020 and will grow at a steady CAGR from 2021 to 2028. The growth is credited to the rising adoption of microsurgeries, favorable health reimbursement programs, and the presence of major manufacturers in the region.

Asia Pacific is expected to witness the fastest CAGR from 2021 to 2028 owing to rising cases of ophthalmic and neurological disorders that require microsurgical treatment and the growing demand for advanced surgical microscopes in hospitals for complex procedures. In response to the COVID-19 pandemic, hospitals decided to suspend all the elective and non-urgent surgeries, which have negatively impacted the market. However, with the ease of restrictions, treatments are resuming in many countries, including developing nations. Also, many companies, such as Alcon and Carl Zeiss, have resumed their business operations with the given government guidelines to deliver their orders.

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Surgical Microscopes Market Report Highlights

• On casters was the largest type segment in 2020 due to the high portability & flexibility and low maintenance requirements of these tools
• The ophthalmology application segment accounted for the maximum revenue share in 2020
• The rising prevalence of ophthalmic diseases and an increasing number of procedures performed annually in every region to treat various eye disorders are primary factors responsible for the segment’s high share
• Major market participants focus on R&D and new product development to gain a competitive edge over others
• For instance, in December 2019, Topcon Medical Systems launched SL-D4 LED illumination Slit Lamp for application in ophthalmic procedures

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Surgical Microscopes Market Segmentation

Grand View Research has segmented the global surgical microscopes market on the basis of type, application, end-use, and region:

Surgical Microscope Type Outlook (Revenue, USD Million, 2016 - 2028)

• On Casters
• Wall Mounted
• Tabletop
• Ceiling Mounted

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

• Ophthalmology
• Neurosurgery
• Spine Surgery
• ENT Surgery
• Dentistry
• Plastic & Reconstructive Surgeries
• Gynecology
• Urology
• Other Surgeries

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

• Hospital
• Physician Clinics & Others Settings

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

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

List of Key Players of Surgical Microscopes Market

• Carl Zeiss Meditec AG
• Leica Microsystems
• Olympus Corp.
• Hagg-Streit Surgical GmbH
• Synaptive Medical
• Alcon, Inc.
• Topcon Corp.
• Takagi Seiko Co., Ltd.
• ARI Medical Technology Co., Ltd.
• Chammed Co., Ltd.
• Seiler Instrument, 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.

Payment Gateway Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 Payment Gateway Market Growth & Trends

The global payment gateway market size is expected to reach USD 87.44 billion by 2028, registering a CAGR of 21.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing use of payment gateway methods for online shopping across the globe. The shift in consumers’ and merchants’ preference toward digital channels for money transfer has also been instrumental in propelling the market growth.

Most companies are opting for payment gateways as they allow secure internet transactions. This helps them prevent debit or credit card scams and other fraudulent activities. Additionally, gateway services provide consumers with access to online sellers across the world, thereby allowing merchants to efficiently increase their customer base.

Payment gateways enable merchants to automate the complete money transfer process with faster processing speed and error-free computations. Moreover, they eliminate the need for consumers to deal with the hassles of shopping from physical stores and waiting in long queues. Consumers can effectively complete their entire transaction online, thus offering them a seamless shopping experience.

The growing trend of digitalization and the high adoption rate of numerous online money transfer modes, including net banking and mobile wallets, are anticipated to propel market growth over the forecast period. The advent of applications that are compatible with different smartphones to enable online money transfer is also contributing to the market growth. Additionally, factors such as the merging of numerous e-commerce sites with gateway platforms, partnerships of banks with online retailers, and attractive cashback offer on online payments are expected to offer growth prospects for the market over the forecast period.

The global COVID-19 pandemic has resulted in the rising use of contactless payment methods for making transactions in drug and grocery stores. According to a study conducted by Mastercard in 2020, 79% of people worldwide use contactless payment methods, citing hygiene and safety measures as the key drivers. Moreover, the pandemic has accelerated the growth of digital technology and e-commerce. Fintech company stocks have garnered significant attention as the digital payment platforms impact payment networks, e-commerce, business-to-business payments, and others. Payment gateway companies are, thereby, witnessing an increase in funding. For instance, in March 2021, Stripe-a payment gateway company-was valued at USD 95 billion after its USD 600 million funding round. In the wake of the pandemic, around 200,000 companies signed up on Stripe, making the value of the company reach an estimated USD 115 billion by 2021.

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Payment Gateway Market Report Highlights

• The hosted segment is expected to continue its dominance over the forecast period owing to the features such as easy payment integration, built-in compliance capabilities, and the ability to integrate more diverse methods
• The small and medium enterprise segment is expected to witness significant growth over the forecast period. Payment gateways are used by small and medium enterprises to significantly uplift their profitability by delivering a better customer experience and reducing transaction costs.
• The retail and e-commerce sector dominated the market in 2020. Factors such as better shopping experience and increased smartphone penetration are expected to increase the adoption of payment gateway systems in the retail and e-commerce segment
• North America dominated the market in 2020 and is expected to showcase similar trends in the forthcoming years. The growing e-commerce sales and rapidly changing retail market in North America are the primary factors propelling the demand for fast payment solutions in the region. This, as a result, is fueling the regional market growth

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Payment Gateway Market Segmentation

Grand View Research has segmented the global payment gateway market based on type, enterprise size, end use, and region:

Payment Gateway Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Hosted
• Non-hosted

Payment Gateway Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Payment Gateway End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• BFSI
• Media & Entertainment
• Retail & E-commerce
• Travel & Hospitality
• Others

Payment Gateway Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Payment Gateway Market

• Adyen
• Amazon Payments Inc.
• Net
• Bitpay, Inc.
• Braintree
• PayPal Holdings Inc.
• PayU Group
• Stripe
• Verifone Holdings Inc.
• Wepay, 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.

Egypt Ride Hailing Service Market Strong Application and Emerging Trends also Scope by 2028: Grand View Research Inc.

 Egypt Ride Hailing Service Market Growth & Trends

The Egypt ride hailing service market size is anticipated to reach USD 2.99 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 15.8% from 2021 to 2028. The emergence of ride hailing services has opened a new avenue in the field of public transportation. The service providers, often known as transportation network companies, are claimed to be the new future of public transport. The service enables customers to hire personal drivers who drive them from one place to another, as required.

These rides are extremely convenient as they provide numerous alternatives with customization options. Customers can choose the pick-up/drop-off location, preferred route, number of riders, number of stops, as well as the type of vehicle. Many transportation network companies also offer ride-sharing services. Another reason for their rapid adoption is that the service provides an instant solution to traffic congestion and parking difficulties.

The service has evolved as a massive alternative to personal vehicles, traditional taxi services, and community transports. Following the trend across the globe, the Egypt ride hailing service market can also be seen heating up. Lucrative growth prospects have been enticing both domestic as well as international transportation network companies to the market.

According to the World Bank, Egypt’s population is estimated at 98.42 million as of 2018. Regular means of transportation, such as personal vehicles, traditional taxi services, and community transport services like mini-buses, tuk-tuks, and motorbikes no more suffice the requirements of the country. Along with this, the traffic situation has worsened over the years with an increase in the number of personal vehicles.

As a result, ride hailing services have been experiencing massive growth. The market is being largely dominated by UBER, Dubci, and WNGO. This spur, along with technological advancements, is expected to maintain the dynamic nature of the market. The car-hailing market has gradually established itself in Egypt.

Companies in the market are focusing on strategies such as mergers and acquisitions to gain market share and to increase their service footprint. For Instance, In November 2018, Avis Budget Group Inc. partnered with Ford's Transportation Mobility Cloud to enable data to flow from vehicles through Ford's data systems and onto Avis' computers. Through this, the company aims to puts more control in the customer's hands, while at the same time reducing costs and vehicle turnaround times. By adding connected functionality to their vehicles and their mobile app, Avis measured a corresponding 30% increase in their Net Promoter Score. The data from Avis's connected Ford vehicles are tracked primarily at car pick-up and drop-off, not during the customer's rental period.

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Egypt Ride Hailing Service Market Report Highlights

• E-hailing is projected to be the fastest-growing segment by progressing at a CAGR of 18.9% over the forecast period
• The car-sharing segment is foreseen to remain at the forefront regarding revenue share and is projected to accounts for a total market share of over 40% in 2028
• Some of the key players operating in the market include Uber Technologies, Inc.; Avis Rent a Car System, LLC; Sixt SE; Halan Inc.; and SWVL Technologies Inc.

Access Press Release@ https://www.grandviewresearch.com/press-release/egypt-ride-hailing-service-market-analysis

Egypt Ride Hailing Service Market Segmentation

Grand View Research has segmented the Egypt ride hailing services market based on offering:

Egypt Ride Hailing Service Offering Outlook (Revenue, USD Million, 2016 - 2028)

• Car Sharing
• E-hailing
• Rental

List of Key Players of Egypt Ride Hailing Service Market

• Uber Technologies, Inc.
• Avis Rent a Car System, LLC
• Sixt SE
• Halan Inc.
• Wngo Technologies Inc.
• SWVL Technologies Inc.
• Dubci
• Fyonka
• FriendyCar
• M Car Egypt

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.

Tunisia Pharmaceutical Market Poised to Garner Maximum Revenues During 2021 – 2028: Grand View Research Inc.

 Tunisia Pharmaceutical Market Growth & Trends

The Tunisia pharmaceutical market size is estimated to reach USD 3.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.9% from 2021 to 2028. The market is largely driven by the improving pharmaceutical exports of Tunisia, which is a result of expanding pool of local pharmaceutical manufacturers in the country. The country continues to explore and capitalize on export markets, prominently Francophone countries in Africa.

Manufacturers are also engaged in on-site production in sub-Saharan nations. For instance, Tunisia-based Teriak acquired Cameroon’s Cinpharm plant in late 2015 to export in Central African markets. Despite the fact that Tunisian pharma companies have marked their presence in African markets, drug manufacturers are surrounded by several challenges including lack of infrastructure enabling direct air route, maritime connections, or business measures that hinder their growth in African countries.

Some domestic companies have begun production of medications in West Africa to reduce the import cost for countries in the region, which in turn, is providing a significant boost to the pharmaceutical industry in Tunisia. For instance, Medis was recognized as the company which exports to the largest number of countries. The company has collaborated with 11 countries. On the other hand, Teriak ranked second in the private Tunisia market in 2018 export development from 2% in 2012 to 13% in 2018.

The COVID-19 pandemic is expected to create lucrative opportunities for healthcare professionals looking to address prolonged challenges that persist in the pharmaceutical industry. Apart from the pandemic, there is a high prevalence of several chronic diseases, including cardiac, diabetes, obesity, and respiratory ailments, which can affect all age groups. This is expected to open up new avenues for healthcare professionals to develop innovative management strategies that can help in curbing pre-existing pricing challenges in the pharmaceutical industry and tackling them with the pandemic in an effective manner. 

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Tunisia Pharmaceutical Market Report Highlights

• An increase in the cases of diabetes, cardiovascular disorders, obesity, and respiratory diseases is expected to expand the pool of local drug manufacturers, thereby propelling the market growth
• The tablets formulation segment accounted for the largest revenue share in 2020, attributed to the ease of manufacturing associated with these drug formulations
• The capsules formulation segment is anticipated to gain significant traction in the coming years in Tunisia, registering the highest CAGR through 2021 - 2028
• The growing popularity of soft gelatin capsules in the pharmaceutical industry is contributing to segment growth
• The Blow-Fill-Seal (BFS) technology in injectables is being increasingly used for pharmaceutical formulation and supplementing industry momentum
• The companies are improving local manufacturing capacities in order to sustain the market competition

Access Press Release@ https://www.grandviewresearch.com/press-release/tunisia-pharmaceutical-market-analysis

Tunisia Pharmaceutical Market Segmentation

Grand View Research has segmented the Tunisia pharmaceutical market on the basis of formulation:

Tunisia Pharmaceutical Formulation Outlook (Revenue, USD Million, 2017 - 2028)

• Tablets
• Capsules
• Injectables
  • BFS-mode
  • Non-BFS-mode
• Sprays
  • BFS-mode
  • Non-BFS-mode
• Suspensions
  • BFS-mode
  • Non-BFS-mode
• Powders
• Other Formulations
  • BFS-mode
  • Non-BFS-mode

List of Key Players of Tunisia Pharmaceutical Market

• Adwya
• Sanofi (Sanofi-Aventis Tunisia)
• Teriak
• Opalia pharma
• Les Laboratoires UNIMED
• Medis
• Taha Pharma
• Cytopharma

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.

Sternal Closure Systems Market to Grow at Moderate CAGR of 5.6% Through 2028: Grand View Research Inc.

 

Sternal Closure Systems Market Growth & Trends

The global sternal closure systems market size is expected to reach USD 3.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028. The market is driven by the growing number of surgeries undertaken to treat complex cardiovascular problems. For instance, according to the data published by the Centers for Disease Control and Prevention (CDC), around 30.3 million or 12.1% of U.S. adults were diagnosed with heart disease in 2018.

The National Health Interview Survey conducted by CDC in 2016 concluded that 28.1 million people were diagnosed with heart-related disorders including, valvular heart disease, cardiac arrest. Moreover, technological advancements such as Talon systems, double sternal wires, and favorable reimbursement criteria would propel growth in the near future.

Mergers and acquisitions, new product development, and geographical expansion are key sustainability strategies adopted by players in the market. For instance, in December 2020, Zimmer Biomet Holdings Inc., acquired A&E Medical Corporation to gain access to its product portfolio, ensuring long-term growth.

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Sternal Closure Systems Market Report Highlights

• North America dominated the market in 2020, attributed to the presence of a large number of players and high competitive rivalry in the market
• By product, the closure devices segment held major shares of the market in 2020, owing to the introduction of technologically advanced clips and wires globally and favorable reimbursement regulations offer by developed regions such as North America and Europe
• By procedure, the median sternotomy segment dominated the market in 2020, as it is among the frequently performed osteotomies worldwide
• By material, the PEEK segment is anticipated to post significant growth over the coming years due to several benefits offered by the material, including biocompatibility, chemical resistance, end-product purity, high-temperature resistance, and thermoformable nature

Access Press Release@ https://www.grandviewresearch.com/press-release/global-sternal-closure-systems-market

Sternal Closure Systems Market Segmentation

Grand View Research has segmented the global sternal closure systems market based on product, procedure, material, and region:

Sternal Closure Systems Product Outlook (Revenue, USD Million, 2016 - 2028)

• Closure Devices
  • Wires
  • Plates and Screws
  • Clips
  • Cables
• Bone Cement

Sternal Closure Systems Material Outlook (Revenue, USD Million, 2016 - 2028)

• Titanium
• Polyether Ether Ketone (PEEK)
• Stainless Steel
• Others

Sternal Closure Systems Procedure Outlook (Revenue, USD Million, 2016 - 2028)

• Median Sternotomy
• Hemisternotomy
• Bilateral Thoracosternotomy
• Others

Sternal Closure Systems Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Sternal Closure Systems Market

• Zimmer Biomet
• Johnson & Johnson
• Braun Melsungen AG
• Orthofix Holdings, Inc.
• GE Healthcare
• KLS Martin Group
• A&E Medical Corporation
• Jace Medical, LLC
• Acute Innovations
• Abyrx, Inc.
• Kinamed Incorporated

About Grand View Research

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