Global Market For Abrasive to Witness Tremendous Growth and Expansion by 2028

 Abrasive Market Growth & Trends

The global abrasive market size is expected to reach USD 47.82 billion by 2028, expanding at a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be driven by the rising growth in the metal fabrication industry on account of demand from the end-use sectors, such as automotive, aerospace, agriculture, and medical. Abrasives are tools used for shaping and providing a smooth finish to the surface of the product.

Based on product, the market has been segmented into coated, bonded, and others. The coated segment is anticipated to register the fastest growth rate over the forecast period on account of the increasing application of coated materials in metalworking, where products, such as sandpaper, are used for deburring. China held the largest share of the global market in 2020. The country leads in terms of production as well to cater to domestic demand, as it is also a huge manufacturing hub.

According to the USGS statistics, China was the largest producer of fused aluminum oxide and silicon carbide abrasives in 2019. Rising production in China has compelled other players in the value chain to expand their manufacturing capacities. For instance, in August 2020, Ahlstrom-Munksjö announced to make further investments in its Binzhou plant for producing abrasive backing paper. This investment aims at strengthening the company’s position as a leading producer for abrasive backings across the globe.

Despite the positive market outlook for the future, the market growth plummeted in 2020 on account of the Covid-19 pandemic. Several companies witnessed losses in 2020 as the manufacturing operations were suspended, which impacted both product manufacturing and consumption. For example, Grindwell Norton Ltd.’s abrasives division reported a drop in sales due to a decline in industrial activity and lockdown in the first quarter of 2020.

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Abrasive Market Report Highlights

• The bonded products segment held the largest revenue share of over 43% in 2020 owing to increasing demand for these products from numerous industries including steel, automotive, cutting tools, food processing, and general engineering, among others
• The automotive & transportation application dominated the market with a share of more than 35% in 2020 and will retain the leading position throughout the forecast years
• The growth of this application segment can be attributed to the increasing production of Electric Vehicles(EVs) and the rising number of their charging stations
• Metal fabrication is anticipated to register the fastest CAGR during the forecast period. Metal fabricators look for high-performance abrasive discs and finishing materials to reduce the downtime of fabrication operations
• Asia Pacific is anticipated to register the fastest growth rate of 4.7% over the forecast period on account of rapid growth in the manufacturing sector in the developing economies, such as India, China, and South Korea

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Abrasive Market Segmentation

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

Abrasive Product Outlook (Revenue, USD Million, 2017 - 2028)

• Bonded
• Coated
• Others

Abrasive Application Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive & Transportation
• Heavy Machinery
• Metal Fabrication
• Electrical & Electronics Equipment
• Others

Abrasive Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Abrasive Market

• 3M
• Asahi Diamond Industrial Co., Ltd.
• Bosch Ltd.
• CUMI
• Henkel AG & Co, KGaA
• Saint-Gobain

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.

Electronic Health Records Market Predicted to Witness Steady Growth During the Forecast Period: Grand View Research Inc.

 

Electronic Health Records Market Growth & Trends

The global electronic health records market size is expected to reach USD 35.1 billion by 2028, registering a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. The web-based EHRs are anticipated to witness the fastest growth over the forecast period. These systems are convenient for use in pharmacies, small-scaled laboratories, and clinics, as they require limited hardware infrastructure, which reduces the cost of installation. Electronic Health Records (EHR) vendors and organizations have initiated to help in curbing the pandemic by making telehealth a mainstream alternative, enhancing data access through EHRs, and collaborating to develop Covid-19 dashboards in detail.

The introduction of electronic health records for medical coding and billing has eased the process as data entering into computerized systems is more convenient than paper-based methods. These systems also minimize the risk of errors in patient data as well as financial details. As per an independent study at the University of Michigan, the cost of outpatient care reduced by 3.0% upon shifting to EHRs from paper-based records. This reduction resulted in USD 5.14 savings per patient per month. In addition, M&A activities by key companies are also boosting the market growth.

For instance, in February 2021, Evident, LLC, a subsidiary of CPSI announced that Texas-based Curahealth Hospitals and Cobalt Rehabilitation, have selected the Evident EHR along with the collection services TruBridge, for three new rehabilitation facilities located in Denver, Colorado; West Houston, Texas; and San Antonio, Texas. Key players are investing in new product launches and collaborations for sustaining in the market. For instance, in August 2020, Cerner Corp. collaborated with Amazon to integrate its EHR solutions with the latter’s wearables, such as Amazon Halo. This would provide greater interoperability to its customers and strengthen its service portfolio.

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Electronic Health Records Market Report Highlights

• The web-based product segment dominated the global market in 2020 and is projected to expand further at a steady CAGR from 2021 to 2028 due to the high usage of these systems by physicians
• North America held the highest revenue share in 2020 due to the presence of well-established healthcare infrastructure and favorable government initiatives regarding population health management
• The industry participants are focusing on product launches, partnerships, collaborations, mergers, and acquisitions to sustain the competition
• The ambulatory care segment, which includes physician clinics, laboratories, and pharmacies, is expected to exhibit the fastest CAGR over the forecast period owing to the increasing number of ambulatory care centers globally
• The acute type segment held the maximum market share of over 47% in 2020 due to the government initiatives promoting the usage of EHRs
• Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 owing to the developing healthcare infrastructure in countries, such as Indonesia, China, and India

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Electronic Health Records Market Segmentation

Grand View Research has segmented the global electronic health records market on the basis of product, type, end-use, business models, and region:

EHR Product Outlook (Revenue, USD Million, 2016 - 2028)

• Client-server-based
• Web-based

EHR Type Outlook (Revenue, USD Million, 2016 - 2028)

• Acute
• Ambulatory
• Post-acute

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

• Hospitals
• Ambulatory Care
  • Physician’s Clinic
  • Laboratories
  • Pharmacies

EHR Business Models Outlook (Revenue, USD Million, 2016 - 2028)

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

EHR Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Electronic Health Records (EHR) Market

• Cerner Corp.
• GE Healthcare
• Allscripts Healthcare, LLC
• McKesson Corp.
• Epic Systems Corp.
• NextGen Healthcare, Inc.
• eClinicalWorks
• Medical Information Technology, Inc.
• HMS
• CPSI
• AdvancedMD, Inc.
• DXC Technology Company
• CureMD Healthcare
• Greenway Health, LLC

About Grand View Research

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

Laboratory Information Management System Market Reach at a CAGR of 4.0% from 2021-2028: Grand View Research Inc.

 

Laboratory Information Management System Market Growth & Trends

The global laboratory information management system market size is expected to reach USD 1.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Factors contributing to the growth of the laboratory information management system (LIMS) market include growing demand for laboratory automation, investments in life sciences industry, demand for outsourcing, and technological advancements.

To help in tackling the effect of COVID-19, market players aimed at launching novel solutions in the market. For instance, LabVantage launched the COVID-19 LIMS which is helpful in managing the unprecedented acceleration of the laboratory workflow and volume due to the pandemic. Likewise, in March 2020, Ovation, a U.S. based startup launched an initiative that was centered on its cloud-based LIMS and was aimed towards enabling independent laboratories to broaden their capabilities and effectively doubling the testing capacity throughout the country.

Increasing investment in R&D sectors by pharma and biotechnological organizations is another factor propelling the growth of laboratory information management system. According to National Science Foundation (NSF) data in 2018, the spending on R&D has been increased by approximately 3.2% between 2015 and 2017. Increase in demand for laboratory automation is expected to fuel market growth.

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Laboratory Information Management System Market Report Highlights

• The cloud-based segment dominated the market and accounted for the largest revenue share in 2020. The segment is projected to show a CAGR of over 4.6% from 2021 to 2028. Technological advancements by market players are expected to drive the segment
• The services component segment accounted for the largest revenue share owing to the rising lab automation which required implementation, maintenance, and support
• North America held the largest revenue share in 2020, due to the favorable government initiatives, demand for genomic studies, and increased investment in R&D by the government
• The industry participants are focusing on investing in acquisitions, collaborations, product launches, and partnerships to gain a competitive edge
• The CRO segment is expected to exhibit the lucrative CAGR of 4.6% due to increasing demand for outsourcing LIMS solutions to curb the operating cost
• In Asia Pacific, the market is anticipated to witness lucrative growth of around 5.4% owing to the rising demand for outsourcing and increasing expenditure in the R&D sector
• In February 2020, LabVantage Solutions announced the availability of a SaaS package for its purpose-built LIMS platform

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Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market on the basis of product, component, end-use, and region:

LIMS Product Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Web-hosted
• Cloud-based

LIMS Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

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

• Life Sciences
• CROs
• Petrochemical Refineries & Oil and Gas Industry
• Chemical Industry
• Food and Beverage and Agriculture Industries
• Environmental Testing Laboratories
• Other Industries (Forensics and Metal & Mining Laboratories)

LIMS Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Laboratory Information Management System (LIMS) Market

• Thermo Fisher Scientific
• Siemens
• LabVantage Solutions Inc.
• LabWare
• PerkinElmer Inc.
• Abbott Laboratories
• Autoscribe Informatics
• Illumina, Inc.
• Labworks
• LabLynx, 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.

Expansion of Non-PVC IV Bags Market During 2021 – 2028 to Gain Robust Traction: Grand View Research Inc.

 Non-PVC IV Bags Market Growth & Trends

The global Non-PVC IV Bags Market size is expected to reach USD 3.09 billion by 2028, registering a CAGR of 9.8% over the forecast period, according to a new report by Grand View Research, Inc. The demand for non-PVC substitutes is expected to grow in response to increasing global demand for nontoxic medical packaging and stringent legislation banning the use of PVC (polyvinyl chloride). Significant research and development for new alternatives are also expected to drive the global market over the forecast period.

Non-PVC IV bags are majorly used for parenteral nutrition and chemotherapy. With the advent of different varieties of substitutes, such as EVA and polypropylene, PVC packaging is likely to be replaced by non-PVC substitutions, such as polypropylene and EVA. These materials can be utilized for various purposes, such as cold or frozen storage and custom mixtures. Thus, the wide applicability of non-PVC IV bags is expected to propel the market growth over the forecast period.

In addition, stringent regulatory policies related to PVC IV bags have led to an increase in the use of non-PVC materials in the medical and non-medical industries. The global movement toward non-PVC materials provides tremendous growth prospects, drawing producers and investors to the sector. Non-PVC IV bags are becoming more common in parenteral nutrition services. Since the composition varies from patient to patient, they have a high demand for multi-chambered containers. With the introduction of tailored clinical solutions, the need for customized IV bag suppliers is expected to grow.

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Non-PVC IV Bags Market Report Highlights

• The single-chamber product segment dominated the global market accounting for a revenue share of over 63% in 2020 due to the extensive use of IV drips and other mixtures
• Ethylene Vinyl Acetate (EVA) was the largest material segment in 2020 and is likely to continue its dominance over the forecast period
• Higher protection and utility of EVA in frozen mixtures, like blood banks, are expected to have a significant impact on the segment growth
• The liquid mixture segment held the largest revenue share in 2020 owing to its increased usage
• North America was the dominant regional market in 2020. However, Asia Pacific is estimated to showcase the fastest CAGR from 2021 to 2028
• The emergence of a large number of local companies and growing Foreign Direct Investments (FDIs) in the Asia Pacific are driving the regional market

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Non-PVC IV Bags Market Segmentation

Grand View Research has segmented the global Non-PVC IV Bags Market on the basis of product, material, content, and region:

Non-PVC IV Bags Product Outlook (Revenue, USD Million, 2016 - 2028)

• Single Chamber
• Multi Chamber

Non-PVC IV Bags Material Outlook (Revenue, USD Million, 2016 - 2028)

• Ethylene Vinyl Acetate (EVA)
• Polypropylene
• Copolyester Ether
• Others

Non-PVC IV Bags Content Outlook (Revenue, USD Million, 2016 - 2028)

• Frozen Mixture
• Liquid Mixture

Non-PVC IV Bags Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Non-PVC IV Bags Market

• RENOLIT
• Baxter
• Angiplast Pvt. Ltd.
• Shanghai Xin Gen Eco-Technologies Co., Ltd.
• Jiangxi Sanxin Medtec Co., Ltd.
• PolyCine GmbH
• Kraton Corp.
• Braun Melsungen AG
• Pfizer, 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.

Americas Structural Insulated Panel Market Strong Application and Emerging Trends also Scope by 2028: Grand View Research Inc.

 Americas Structural Insulated Panel Market Growth & Trends

The Americas structural insulated panel market size is expected to reach USD 4.27 billion by 2028 registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable regulations and rising adoption of various green building standards are some of the key factors driving the market growth. Rising spending in the construction sector in North America due to the increasing government initiatives for the modernization of the infrastructure and energy-efficient homes and the rising number of green buildings in the U.S. and Canada is projected to drive the product demand.

Many market players are engaged in manufacturing and supplying raw materials and creating strong competition, affecting the overall pricing of the structural insulated panels (SIPs). The presence of several raw material manufacturers in the market results in low prices of these materials. Some of the key companies are also engaged in installation through their network of certified contractors and installers. Investments, new product development, and regional expansion are the key strategies adopted by the market players to strengthen their industry position. However, fluctuations in raw material prices and the adverse impact of the Covid-19 pandemic are expected to emerge as key concerns for the industry participants.

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Americas Structural Insulated Panel Market Report Highlights

• The Expanded Polystyrene (EPS) segment is expected to account for the highest revenue share by 2028 growing at a CAGR of 7.6% from 2021 to 2028
• This growth can be attributed to the properties and high penetration of EPS in residential and non-residential applications
• The walls & floors segment dominated the market in 2020 and is expected to account for the maximum market share by 2028 registering the fastest CAGR during the forecast period
• This growth is credited to the extensive product usage in the walls & floors segment due to its desired energy efficiency, high durability, and convenient installation
• North America is estimated to witness the maximum as well as the fastest growth, in terms of revenue, over the forecast period
• Factors, such as increased product demand from the residential sector, presence of extensively developed cold chainand logistics industry, and favorable government initiatives to develop social infrastructure drive the market growth in North America
• The U.S. dominated the North America regional market in 2020, in terms of volume, on account of rapid growth in the construction sector and increasing awareness regarding sustainable construction favored by government policies, such as the Federal Energy Policy Act 2005
• Major players are investing in research and development activities and continuously launching new products in the market for business expansion

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Americas Structural Insulated Panel Market Segmentation

Grand View Research has segmented the Americas structural insulated panel market on the basis of product, application, and region:

Americas SIP Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 - 2028)

• Expanded Polystyrene (EPS)
• Polyurethane
• Glass Wool
• Extruded Polystyrene (XPS)

Americas SIP Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 - 2028)

• Walls & Floors
• Roofs
• Cold Storage

Americas SIP Regional Outlook (Volume, Million Square Feet; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Rest of the CSA

List of Key Players of Americas Structural Insulated Panel (SIP) Market

• Kingspan Group
• Metl-Span
• Owens Corning
• Metecno Group
• KPS Global
• Isopan
• PFB Corporation
• All Weather Insulated Panels
• Green Span Profiles
• American Insulated Panel Company
• American Buildings Company
• Ingreen Systems 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.

Aromatherapy Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Aromatherapy Market Growth & Trends

The global aromatherapy market size is anticipated to reach USD 3.7 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. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.

Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils.

The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.

The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.

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Aromatherapy Market Report Highlights

• The demand for aromatherapy diffusers is expected to witness growth at an estimated CAGR of 8.8% from 2021 to 2028 owing to the growing preference for diffusers as they help in gaining the therapeutic benefits from essential oils
• The relaxation application segment accounted for 23.2% of the global revenue share in 2020 on account of an increase in the number of people suffering from stress and anxiety coupled with a growing preference for natural treatment to get relief from stress
• The e-commerce distribution channel segment is anticipated to witness growth at a CAGR of 12.2% over the forecast period on account of benefits associated with this channel, such as convenience, availability of a wide range of products, and ease-of-buying
• In September 2020, Stadler Form Aktiengesellschaft expanded its products offerings by launching Zoe, a glowing energy-efficient aroma diffuser that uses ultrasound technology to emit essential oils in the room

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Aromatherapy Market Segmentation

Grand View Research has segmented the global aromatherapy market on the basis of product, mode of delivery, application, distribution channel, end-use, and region:

Aromatherapy Product Outlook (Revenue, USD Million, 2017 - 2028)

• Consumables
  • Essential Oils
    • Singles
      • Herbaceous
      • Woody
      • Spicy
      • Floral
      • Citrus
      • Earthy
      • Camphoraceous
      • Others
    • Blends
  • Carrier Oils
• Equipment
  • Ultrasonic
  • Nebulizing
  • Evaporative
  • Heat

Aromatherapy Mode of Delivery Outlook (Revenue, USD Million, 2017 - 2028)

• Topical Application
• Aerial Diffusion
• Direct Inhalation

Aromatherapy Application Outlook (Revenue, USD Million, 2017 - 2028)

• Relaxation
• Skin & Hair Care
• Pain Management
• Cold & Cough
• Insomnia
• Scar Management
• Others

Aromatherapy Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• DTC
  • Retail
  • E-commerce
• B2B

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

• Home Use
• Spa & Wellness Centers
• Hospitals & Clinics
• Yoga & Meditation Centers

Aromatherapy Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Aromatherapy Market

• dōTERRA
• Young Living Essential Oils
• Edens Garden
• Mountain Rose Herbs
• Plant Therapy Essential Oils
• Rocky Mountain Oils, LLC
• FLORIHANA
• Falcon
• Biolandes
• Stadler Form Aktiengesellschaft
• Hubmar International
• SpaRoom

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.

Cell Therapy Market Growth in the Coming Years

 Cell Therapy Market Growth & Trends

The global cell therapy market size is expected to reach USD 23.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.5% from 2021 to 2028. The emergence of new technologies to support the development of advanced cellular therapies has aided in market growth. Companies are leveraging new technologies not only for the expansion of their product portfolio but also for establishing out-licensing or co-development agreements with other entities to support their product development programs.

Cell-based therapies hold great potential for replacing, repairing, restoring, or regenerating damaged tissues, and organs. Researchers are making huge investments in the development of such effective and safe treatments as an alternative to conventional treatment strategies which can be further attributed to the market growth. Out of all therapeutic areas, oncology has the highest number of ongoing clinical trials. T cells, CD34+ and/or CD133+ stem cells, mesenchymal stem/stromal cells are predominantly employed for clinical investigation.

The majority of biopharmaceutical entities have been affected by the COVID-19 pandemic, while several cellular therapy development companies have witnessed a strongly negative impact, which can be attributed to complications in logistics as well as the manufacturing models employed in this industry. In addition, substantial and stable funding is imperative to ensure successful commercial translation of cell-based therapeutics, a factor that was negatively affected in 2020, further affecting the market growth.

A survey conducted recently among executives of more than 15 European and U.S. cellular therapy companies indicated that disruption caused by the pandemic was significant, which demanded market entities to create strategies to sustain themselves and plan the next wave of innovative therapies.

Key issues faced by companies operating in the market include on-time delivery of therapies to patients at required clinical sites. In addition, the administration of these therapeutics poses several post-pandemic challenges. Hospitals are hesitant in offering services, owing to concerns over transmission of SARS-CoV-2, particularly to vulnerable individuals. Moreover, patients have not been able to visit cellular therapy centers either, owing to the lockdowns and travel bans.

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Cell Therapy Market Report Highlights

• The research-use segment dominated the market and accounted for the highest revenue share in 2020 attributed to extensive research activities for developing effective cell and gene therapies
• Several cells such as neural, epithelial, bone marrow mononuclear, fibroblasts, corneal, antigen-presenting, and chondrocytes, are being explored for the development of novel therapies
• The clinical-use segment is expected to witness relatively slow growth through the forecast period owing to the limited number of FDA-approved cellular therapies
• Moreover, there is a withdrawal of several commercialized products and less number of approved products for clinical-use which further affects the growth of the clinical-use segment
• Based on the therapeutic area, the malignancies segment accounted for the largest revenue share in 2020 owing to the rising application of stem cells in treating various cancers such as acute myeloid leukemia, multiple myeloma, and non-Hodgkin lymphoma
• The autologous therapies segment accounted for the largest revenue share in 2020 and it continues the trend through the forecast period owing to the high survival rate associated with this transplant type and relatively high adoption rate
• The allogenic therapies segment is expected to witness gradual growth through the forecast period owing to the high risk of transplant rejection and high cost associated with allogenic transplants
• North America has emerged as the highest revenue-generating region in 2020 owing to extensive investments made by the federal bodies for expanding cellular therapy research in the region
• In Asia Pacific, the market is expected to witness a lucrative growth rate owing to relatively inexpensive manufacturing and operating units, the presence of a large regional population, and untapped potential

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

Cell Therapy Market Segmentation

Grand View Research has segmented the global cell therapy market on the basis of use-type, therapy type, and region:

Cell Therapy Use-type Outlook (Revenue, USD Million, 2017 - 2028)

• Clinical-use
  • By Therapeutic Area
    • Malignancies
    • Muscoskeletal disorders
    • Autoimmune disorders
    • Dermatology
    • Others
  • By Cell Type
    • Stem Cell Therapies
      • BM, Blood, & Umbilical cord-derived Stem Cells
      • Adipose-derived cells
      • Others
    • Non-stem Cell Therapies
  • Research-use

Cell Therapy Type Outlook (Revenue, USD Million, 2017 - 2028)

• Allogenic Therapies
• Autologous Therapies 

Cell Therapy Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Cell Therapy Market

• Kolon TissueGene, Inc.
• Anterogen Co., Ltd.
• JCR Pharmaceuticals Co., Ltd.
• Castle Creek Biosciences, Inc.
• The Future of Biotechnology, MEDIPOST
• Osiris Therapeutics, Inc.
• PHARMICELL Co., Ltd
• Tameika Cell Technologies, Inc.
• Cells for Cells
• NuVasive, Inc.
• Vericel Corporation
• Celgene Corporation

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 Equipment Market With Strong Application and Scope By 2028

 Surgical Equipment Market Growth & Trends

The global surgical equipment market size is anticipated to reach USD 24.5 billion by 2028 registering a CAGR of 9.8%, according to a new report by Grand View Research, Inc. Developing surgical care infrastructure, the advent of minimally invasive surgical techniques, and increasing cases of cesarean deliveries are the factors contributing significantly to the growth of this market. An increasing number of hospital visits for surgeries, such as hip and knee replacement, hernia repair, gall bladder removal, and other urology ailments, is also anticipated to propel the market growth during the forecast period.

According to the National Joint Registry report published in 2018, the number of knee replacement procedures performed in the U.K. reached 102,177 in 2017 from 81,590 in 2014. Lump-sum payment pertaining to specialty surgical services paired with out-of-pocket-based healthcare in many middle-income countries is expected to restrain the market growth during the forecast period. According to the global surgery 2030 report, each year over 33 million individuals have to face catastrophic expenditure. In addition, due to the limitation of resources, such as personal protective equipment, surgical staff, OR rooms, inpatient beds, and blood products, the surgery appointment for many non-emergent patients was postponed during the pandemic.

This has negatively impacted the sales of surgical equipment in 2020. According to the Healthcare Financial Management Association report, in the U.S. the cancellation and rescheduling rate of elective surgeries in the period of April-July 2020 was approximately 50%. However, currently, with several countries lifting bans on elective surgeries and clinics resuming their surgical services, the demand for surgical equipment, especially single-use devices, is expected to rise driving the market growth.

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Surgical Equipment Market Report Highlights

• The surgical sutures & staplers product segment held the largest market share in 2020 and will expand further at a steady CAGR from 2021 to 2028
• This growth is attributed to technological advancements, such as drug-eluting sutures and absorbable staples
• The electrosurgical devices segment is anticipated to register the fastest CAGR of 11.2% during the forecast period
• The obstetrics & gynecology application segment accounted for the largest revenue share in 2020
• However, plastic & reconstructive is estimated to be the fastest-growing application segment at a CAGR of 11.0% over the forecast period
• North America was the leading regional market in 2020 as the U.S. is one of the major suppliers of surgical equipment globally
• The Asia Pacific is expected to be the fastest-growing regional market over the forecast period due to high unmet surgical needs in emerging economies

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

Surgical Equipment Market Segmentation

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

Surgical Equipment Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Surgical Sutures & Staplers
• Handheld Surgical Devices
  • Forceps & Spatulas
  • Retractors
  • Dilators
  • Graspers
  • Auxiliary Instruments
  • Cutter Instruments
  • Others
• Electrosurgical Devices

Surgical Equipment Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Neurosurgery
• Plastic & Reconstructive Surgery
• Wound Closure
• Obstetrics & Gynecology
• Cardiovascular
• Orthopedic
• Others

Surgical Equipment Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Surgical Equipment Market

• Smith & Nephew plc
• Zimmer Biomet Holdings, Inc.
• Braun Melsungen AG
• Medtronic PLC
• Stryker Corporation
• Ethicon, Inc.
• Aspen Surgical Products, Inc.
• Alcon Laboratories, 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.

Smart Card In Healthcare Market is Anticipated to Upgrade USD 2.46 Billion Revenue By 2028: Grand View Research Inc.

 Smart Card In Healthcare Market Growth & Trends

The global smart card in healthcare market size is expected to reach USD 2.46 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.4% from 2021 to 2028. Growing initiatives by market players and governments of various countries for the implementation of smart cards in the healthcare system are fueling market growth. Furthermore, compliance with smart cards with HIPAA as well as ARRA is expected to boost the market growth.

Similar to other markets, the market for smart card in healthcare has also been significantly affected by COVID-19. Some of the major impacts of COVID-19 on the market include supply chain disruptions, a decline in sales, and low demand. Companies such as Thales Group reported flat growth in their smart cards product segment. Therefore, the overall impact of COVID-19 on the market was neutral.

The flexibility provided by smart cards to securely add information to a patient healthcare card after its issuance is expected to boost the market growth. This factor delivers various benefits for healthcare applications. Patient prescriptions can be written to the card, providing up-to-date information when a patient is receiving medical care from multiple providers or in an emergency; patient record identification or multiple patient identification numbers can be saved to the smart card, enabling record exchange as well as helping with care coordination amongst multiple healthcare providers; and patient healthcare information can be saved to and updated on the card by certified healthcare providers, with updated information available for both the healthcare providers and patient to access.

The market is fairly competitive owing to the presence of the most notable participants, along with other manufacturers of smart cards for healthcare applications. These players are involved in new product launches, acquisitions, and partnerships to gain a competitive advantage over each other. For instance, in March 2020, CardLogix Corporation launched a new edition of BIOSID, a rugged biometric tablet solution. With this, it expanded its product portfolio.

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Smart Card In Healthcare Market Report Highlights

• By product type, the contactless segment held the dominant share of over 28.0% in 2020 owing to its high demand globally
• Based on component, the microcontroller-based smart cards segment held the largest share of more than 55.0% in 2020 owing to the portability and large memory capabilities of these smart cards
• In 2020, Europe held the dominant share of over 30.0% owing to the presence of major market players in the region and government initiatives to implement smart cards in the healthcare system
• Asia Pacific held the second-largest revenue share in 2020 and is expected to witness the fastest growth over the forecast period. The growing digitalization of healthcare systems in countries, such as India, is fueling the market growth
• North America is expected to witness lucrative growth over the forecast period owing to the technologically advanced healthcare infrastructure, paired with favorable government initiatives

Access Press Release@ https://www.grandviewresearch.com/press-release/global-smart-card-healthcare-market

Smart Card In Healthcare Market Segmentation

Grand View Research has segmented the global smart card in healthcare market on the basis of product type, component, and region:

Smart Card In Healthcare Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Hybrid
• Contactless
• Contact-based
• Dual-interface

Smart Card In Healthcare Component Outlook (Revenue, USD Million, 2016 - 2028)

• Memory-card Based
• Microcontroller Based

Smart Card In Healthcare 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
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Smart Card In Healthcare Market

• Atos SE
• Giesecke+Devrient GmbH
• Infineon Technologies AB
• NXP Semiconductors
• Texas Instruments Incorporated
• Thales Group
• CardLogix Corporation
• IDenticard Systems

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.

Cerebrospinal Fluid Drainage Catheter Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Cerebrospinal Fluid Drainage Catheter Market Growth & Trends

The global cerebrospinal fluid drainage catheter market size is expected to reach USD 361.75 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.5% from 2021 to 2028. Increasing incidences of neurological disorders, coupled with a subsequent rise in the number of surgical procedures to treat associated conditions, are expected to drive the market.

Increasing incidence of cranial and spinal injuries, trauma, and other inflammatory diseases of the cerebrospinal space is expected to promote market growth over the forecast period. For instance, as per the National Spinal Cord Injury Statistical Center estimates in 2020, approximately 294,000 Americans are currently living with SCI and 17,810 new cases of SCI are reported each year.

However, the COVID-19 emergency has negatively impacted the current market for Cerebrospinal Fluid (CSF) drainage catheters in various conducts, such as shortage of healthcare professionals and treatments for individuals suffering from neurological disorders or other medical illness during the COVID-19 pandemic. In addition, the supply chain, manufacturing activities, delivery schedules, and sales of neurological products have been disrupted owing to the restrictions at international borders, thereby affecting the market growth for the short term.

Moreover, the integration of modern technologies and the launch of innovative products by market players are likely to augment the market growth over the forecast period. For instance, in September 2017, Arkis BioSciences (Integra LifeSciences) secured FDA clearance for its new EVD catheter CerebroFlo, which is used for insertion into the ventricular cavity for CSF drainage. This catheter is currently available in the U.S. and indicated for temporary use in patients with intraventricular hemorrhage or raised intracranial pressure.

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Cerebrospinal Fluid Drainage Catheter Market Report Highlights

• Based on type, the ventricular drainage catheter segment dominated the market with a share of more than 70.0% in 2020 owing to the escalating cases of neurological disorders such as hemorrhagic and ischemic strokes, intracranial tumors, brain infection, and aneurysm
• On the basis of application, the traumatic brain injury (TBI) segment dominated the market with a share of over 40.0% in 2020 owing to the high prevalence of TBIs globally, which leads to the leakage of CSF in the brain
• North America dominated the market with a revenue share of over 35.0% in 2020 owing to the high prevalence rate of cerebrovascular disorders and TBIs. As per the CDC, each year, an estimated 1.5 million Americans sustain TBIs

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cerebrospinal-fluid-drainage-catheter-market

Cerebrospinal Fluid Drainage Catheter Market Segmentation

Grand View Research has segmented the global cerebrospinal fluid drainage catheter market on the basis of type, application, and region:

CSF Drainage Catheter Type Outlook (Revenue, USD Million, 2016 - 2028)

• Lumbar Drainage Catheter
• Ventricular Drainage Catheter

CSF Drainage Catheter Application Outlook (Revenue, USD Million, 2016 - 2028)

• Traumatic Brain Injury
• Traumatic Spinal Injury
• Subarachnoid hemorrhage
• Intracerebral hemorrhage
• Others

CSF Drainage Catheter Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Cerebrospinal Fluid (CSF) Drainage Catheter Market

• Natus Medical, Inc.
• Desu Medica
• Spiegelberg GmbH & Co. KG
• Integra LifeSciences Corporation
• Medtronic
• Moller Medical GmbH
• Sophysa SA

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.