Stem Cell Market Poised to Garner Maximum Revenues During the Forecast Period: Grand View Research Inc.

 

Stem Cells Market Growth & Trends

The global stem cells market size is expected to reach USD 18.4 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.8% during the forecast period. The market is driven by the rising number of stem cell banks, growing focus on increasing therapeutic potential of these, and extensive research for the development of regenerative medicines, among other factors.

Companies are receiving robust funding for the development of cellular therapies for cancer, which is anticipated to supplement the market growth. For instance, in February 2021, Notch Therapeutics, Inc. received funding of USD 85 million for developing induced pluripotent therapies for cancer. The investment will support the development of the company’s iPSC-derived T cell-based therapeutic candidates and expanding the application of their proprietary Engineered Thymic Niche (ETN) platform.

The increasing focus on regenerative medicines is further driving the market growth. The iPSCs are gaining popularity for the development of personalized cellular therapies and are creating new opportunities for regenerative medicine. For instance, in September 2020, researchers from Duke-NUS and Monash University discovered the first stem cell that can help in the treatment of placenta complications during pregnancy.

The researchers discovered a new way for creating induced trophoblast stem cells which can be used for making placenta cells. The discovery will facilitate in developing a model human placenta in vitro and enabling a pathway for future cell therapies. The administration of cell therapy demonstrated positive results in the treatment of COVID-19 patients, which is further contributing to the market growth. In January 2020, a group of researchers used stem cell treatment on patients in Beijing, China for checking its effectiveness against COVID-19.

The patients received a single infusion of mesenchymal stem cells (MSCs) which was found to be effective in developing an immune response. However, to date, there are no MSCs that are approved by the U.S. Food and Drug Administration (FDA) for the treatment of COVID-19 owing to insufficient data on their role in treating COVID-19.

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Stem Cells Market Report Highlights

• ASCs segment accounted for the largest share of 85.7% in 2020 as it is considered as a gold standard in stem cell-based therapies. They are widely accepted owing to their consistent clinical success especially in hematopoietic transplants and there is a relatively less controversial view regarding their origin
• The iPSC segment is expected to witness a lucrative CAGR of 9.3% through 2021-2028 owing to the increasing focus of companies in using iPS for cell therapies. For instance, in July 2020, Cynata Therapeutics Limited announced positive results for the phase 1 clinical trial of CYP-001, the company’s lead induced pluripotent stem cell (iPSC)-derived Cymerus
• Regenerative medicine dominated with a market share of 89.1% in 2020 owing to increasing funding by the government for the development of regenerative medicines. For instance, in October 2020, the AusBiotech-led consortium received funding of $300,000 from MTPConnect’s Industry Growth Centre Project Fund for the development of regenerative medicines in the country
• Cell acquisition held the largest market share of 35.8% in 2020 and is expected to expand at the fastest CAGR through 2021-2028 owing to increasing research studies involving cell harvesting
• Allogenic therapy dominated with a market share of 58.2% in 2020 owing to the increasing application of allogeneic stem cell transplants for cancer treatment
• The North America market encompasses U.S. and Canada. The factors contributing to the market growth in the region include robust government funding, increasing research, and the presence of prominent players.
• Asia Pacific is expected to expand with the fastest CAGR of 9.0% through 2021 to 2028 owing to increasing expansion by key companies in this region. For instance, in April 2020, Seneca Biopharma completed its new stem cell manufacturing facility in Suzhou, China

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

Stem Cells Market Segmentation

Grand View Research has segmented the global stem cells market based on product, application, technology, therapy, and region:

Stem Cells Product Outlook (Revenue, USD Million, 2017 - 2028)

• Adult Stem Cells (ASCs)
  • Hematopoietic
  • Mesenchymal
  • Neural
  • Epithelial/Skin
  • Others
• Human Embryonic Stem Cells (HESCs)
• Induced Pluripotent Stem Cells (iPSCs)
• Very Small Embryonic Like Stem Cells

Stem Cells Application Outlook (Revenue, USD Million, 2017 - 2028)

• Regenerative Medicine
  • Neurology
  • Orthopedics
  • Oncology
  • Hematology
  • Cardiovascular and Myocardial Infraction
  • Injuries
  • Diabetes
  • Liver Disorder
  • Incontinence
  • Others
• Drug Discovery and Development

Stem Cells Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Cell Acquisition
  • Bone Marrow Harvest
  • Umbilical Blood Cord
  • Apheresis
• Cell Production
  • Therapeutic Cloning
  • In-vitro Fertilization
  • Cell Culture
  • Isolation
• Cryopreservation
• Expansion and Sub-Culture

Stem Cells Therapy Outlook (Revenue, USD Million, 2017 - 2028)

• Autologous
• Allogenic

Stem Cells Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Stem Cells Market

• CELGENE CORPORATION
• STEMCELL Technologies Inc.
• Lineage Cell Therapeutics, Inc.
• Osiris Therapeutics, Inc.
• Human Longevity, Inc.
• Cynata
• Cytori Therapeutics Inc.
• Advanced Cell Technology Inc.
• Promethera Biosciences
• Mesoblast 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.

Synthetic Leather Market Industry Analysis, Opportunity Assessment And Forecast Till 2028: Grand View Research Inc.

 Synthetic Leather Market Growth & Trends

The global synthetic leather market size is anticipated to reach USD 57.0 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 7.8% from 2021 to 2028. Increasing product application scope in footwear has been a major factor driving the market growth. In addition, growing importance and awareness about animal rights and stringent laws regarding the usage of real leather are propelling the demand for its synthetic counterpart. Synthetic leather materials offer superior properties, such as high gloss finish, durability, strength, and UV resistance, and easy maintenance. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle- and high-income level groups.

However, in countries, such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty-free material. Polyurethane (PU) was the largest product category in 2020 and is expected to register the fastest CAGR over the forecast period. Polyvinyl Chloride (PVC) is anticipated to witness sluggish growth on account of its properties, such as sticky finish and low durability. The footwear application segment is expected to observe considerable growth over the upcoming years. Cheaper costs and fluctuating climatic conditions in several regions create the need for different types of footwear.

Rising disposable income levels in emerging regions are also fueling the product demand in the footwear segment. Moreover, the trend of incorporating athletic shoes in daily lifestyle is further augmenting the product demand. Consumer spending in the U.S. and some European countries has slowed down slightly owing to the global recession. However, the footwear industry has witnessed significant growth in the emerging markets due to high product demand from countries, such as China, India, South Korea, Vietnam, Thailand, and other South Asian countries.

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Synthetic Leather Market Report Highlights

• The global market is expected to witness significant growth over the forecast period owing to rising product demand in the footwear and automotive applications
• PU leather emerged as the largest product segment in 2020 and is estimated to generate revenue over USD 35.6 billion by 2028
• Asia Pacific is projected to be the fastest-growing as well as the largest regional market over the estimated period
• The market growth in APAC can be credited to the rapid economic growth across countries, such as India, China, Japan, and Korea
• In addition, the rapid development of the construction and automotive manufacturing industries in APAC is fueling the product demand further
• Countries, such as South Korea, Taiwan, China, and India, are emerging as leading producers in the global market as a result of the availability of relatively cheaper raw materials

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Synthetic Leather Market Segmentation

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

Synthetic Leather Product Outlook (Volume, Million Meter; Revenue, USD Million, 2016 - 2028)

• PU
• PVC
• Bio-based

Synthetic Leather Application Outlook (Volume, Million Meter; Revenue, USD Million, 2016 - 2028)

• Furnishing
• Automotive
• Footwear
• Bags & Wallets
• Clothing
• Others

Synthetic Leather Regional Outlook (Volume, Million Meter; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Synthetic Leather Market

• Kuraray Co., Ltd.
• R. Polycoats Pvt. Ltd.
• Nan Ya Plastics Corp.
• Teijin Ltd.
• Alfatex Italia SRL

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.

Cold Chain Market Estimated to Experience a Hike in Growth by 2028: Grand View Research Inc.

 Cold Chain Market Growth & Trends

The global cold chain market size is estimated to reach USD 628.26 billion by 2028, according to a new study by Grand View Research, Inc., registering a CAGR of 14.8% from 2021 to 2028. Technological advancements in the packaging, processing, and storage of seafood products are expected to drive the market over the forecast period. Cold chain solutions have become an integral part of Supply Chain Management (SCM) for the transportation and storage of temperature-sensitive products. Increasing trade of perishable products is anticipated to drive product demand over the forecast period.

Companies operating in this market are increasingly adopting alternative energy solutions, such as wind and solar energy, to minimize the overall operating costs. Among cold chain solutions, the refrigeration system is used to maintain the quality of products and enhance their shelf life. However, refrigerants used in refrigeration systems pose a threat to the environment because of their high Global Warming Potential (GWP) and Ozone Depletion Potential (ODP). Stringent food safety regulations, such as the Food Safety Modernization Act that requires increased attention toward the construction of cold storage warehouses, are slated to benefit the market.

Adoption of environmental audit systems, such as Leadership in Energy and Environmental Design (LEED) or Building Research Establishment Environmental Assessment Method (BREEAM), can evaluate designs at an initial stage. Thus, the operational performance of completed buildings can be assessed through these audit systems. Temperature-controlled warehouses are highly energy-sensitive as they incorporate refrigeration and ventilation systems that require high power consumption. However, better designs can reduce power consumption and can help build net-zero energy warehouses.

Intelligent warehouse automation and control systems are one of the factors assisting buildings to achieve net-zero energy to become self-sustainable. Less energy consumption notably lowers operating expenditure, eventually contributing to the protection of ecology and climate. In terms of revenue, North America is anticipated to be the largest regional market by 2028. Mexico is expected to have exponential growth over the forecast period owing to the rising investments for the development of logistics infrastructure and increasing penetration of the Warehouse Management System (WMS).

In South America, Brazil is a major contributor to market growth. Implementation of dietary guidelines on the usage of fresh food products over processed food led by the Brazilian government is expected to boost the market in the country. These guidelines require the development of cold chains to meet the requirements for storage, transportation, and packaging of fresh food. Many service providers have invested in adding onboard tracking equipment to refrigeration units. This provides real-time location and temperature data to shippers and third-party logistics. It further helps them with increased visibility and opportunity to mitigate or prevent losses.

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Cold Chain Market Report Highlights

• Due to a shift in focus from increasing productivity to providing better transport and storage facilities, the market has gained prominence in developing countries, such as China and India
• Cold chain monitoring, smart packaging, sample lifecycle management, men and material tracking, and connected equipment are among IoT applications of key importance for the pharmaceuticals industry
• Radio Frequency Identification (RFID)-enabled supply chain provides higher efficiency and has opened up new growth opportunities by offering product-level visibility
• Globalization and rising number of pharmaceutical and food safety counterfeit incidents have compelled governments to tighten regulations pertaining to production and supply
• The Government of India remains keen on supporting the development of the cold chain industry and is encouraging private participation by launching subsidy schemes and offering grants

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

Cold Chain Market Segmentation

Grand View Research has segmented the global cold chain market on the basis of type, packaging, equipment, application, and region:

Cold Chain Type Outlook (Revenue, USD Million, 2017 - 2028)

• Storage
  • Warehouses
    • On-grid
    • Off-grid
  • Reefer Containers
• Transportation
  • Road
  • Sea
  • Rail
  • Air
• Monitoring Components
  • Hardware
    • Sensors
    • RFID Devices
    • Telematics
    • Networking Devices
  • Software
    • On-premise
    • Cloud-based

Cold Chain Packaging Outlook (Revenue, USD Million, 2017 - 2028)

• Product
  • Crates
    • Dairy
    • Pharmaceuticals
    • Fishery
    • Horticulture
  • Insulated Containers & Boxes
    • Payload Size
      • Large (32 to 66 liters)
      • Medium (21 to 29 liters)
      • Small (10 to 17 liters)
      • X-small (3 to 8 liters)
      • Petite (0.9 to 2.7 liters)
    • Type
      • Cold Chain Bags/Vaccine Bags
      • Corrugated Boxes
      • Others
    • Cold Packs
    • Labels
    • Temperature-controlled Pallet Shippers
  • Materials
    • Insulating Materials
      • EPS
      • PUR
      • VIP
      • Cryogenic Tanks
      • Others (Insulating Pouches, Hard Cased Thermal Boxes, and Active Thermal Systems)
    • Refrigerants
      • Fluorocarbons
        • Inorganics
        • Ammonia
      • CO2
      • Hydrocarbons

Cold Chain Equipment Outlook (Revenue, USD Million, 2017 - 2028)

• Storage Equipment
  • On-grid
    • Walk-in Coolers
    • Walk-in Freezers
    • Ice-lined Refrigerators
    • Deep Freezers
  • Off-grid
    • Solar Chillers
    • Milk Coolers
    • Solar-powered Cold Boxes
    • Others (Solar Refrigerators and Products related to Solar Panels)
  • Transportation Equipment

Cold Chain Application Outlook (Revenue, USD Million, 2017 - 2028)

• Fruits & Vegetables
• Fruit Pulp & Concentrates
• Dairy Products
  • Milk
  • Butter
  • Cheese
  • Ice cream
• Fish, Meat, and Seafood
• Processed Food
• Pharmaceuticals
  • Vaccines
  • Blood Banking
• Bakery & Confectionary
• Others (Ready-to-Cook, Poultry)

Cold Chain Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • South Korea
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• South America
  • Brazil
• Middle East
  • UAE
  • Saudi Arabia
  • Israel
• Africa
  • South Africa
  • Nigeria
  • Egypt
  • Kenya

List of Key Players of Cold Chain Market

• Agro Merchant Group (U.S.)
• Nordic Logistics and Warehousing, LLC (U.S.)
• Preferred Freezer Services, LLC (U.S.)
• Cold Chain Technologies, Inc. (U.S.)
• Cryopack Industries, Inc. (U.S.)
• Creopack (Canada)
• Cold Box Express, Inc. (U.S.)

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.

Lactic Acid Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 Lactic Acid Market Growth & Trends

The global lactic acid market size is expected to reach USD 5.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% from 2021 to 2028. The market growth can be attributed to the increasing demand for lactic acid in various end-use industries, including industrial, food and beverages, and pharmaceuticals, especially in emerging economies such as India, China, and Indonesia. Additionally, demand for this product as a feedstock in the production of polylactic acid (PLA) is anticipated to drive the market globally.

Various raw materials used for the production of lactic acid include carbohydrates such as corn, sugarcane, sugar beet, and tapioca. A large share of this product produced globally is obtained through the fermentation process owing to its lower production costs as well as rising consumer awareness regarding sustainable and environmentally friendly products. The production process is commercially mature with a significant number of manufacturers, including Corbion, NatureWorks LLC, Galactic, and Henan Jindan Lactic Acid Technology Co., Ltd., using it.

The raw materials used for the commercial synthesis of this product include maltose or starch, lactose, sucrose, and glucose. These raw materials are derived from various feedstocks, such as barley malt, whey, molasses, and beet sugar, which are used to produce lactic acid via microbial fermentation. The cost of raw material is a key factor to be considered in the fermentation process for the commercial production of this product. They may specifically cater to application areas such as industrial, food and beverage, pharmaceuticals, personal care, chemicals, and agrochemicals.

Polylactic acid is predominantly used to manufacture microwaveable containers, including disposable cutlery and food containers. Multiple beneficial properties such as improved aesthetic appeal and resistance to grease and oil are positively influencing the demand for polylactic acid in the formulation of food packaging products across the globe, further triggering the lactic acid demand.

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Lactic Acid Market Report Highlights

• In 2020, sugarcane emerged as the dominant raw material segment with a revenue share of over 39.0% owing to its abundant availability in nature, low cost, and environmental friendliness
• Corn emerged as the second-largest raw material segment in 2020 and is projected to witness considerable growth over the forecast period owing to the rising awareness regarding sustainable products in the major application industries
• PLA emerged as the dominant application segment in 2020 in terms of both volume and revenue owing to the rising usage in the manufacturing of biodegradable and biocompatible products
• In 2020, North America emerged as the largest regional market due to the presence of major personal care and cosmetic industries in this region, especially in the U.S.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-lactic-acid-and-poly-lactic-acid-market

Lactic Acid Market Segmentation

Grand View Research has segmented the global lactic acid market on the basis of raw material, application, and region:

Lactic Acid Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Corn
• Sugarcane
• Cassava
• Other Crops

Lactic Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Industrial
• Food & Beverages
• Pharmaceuticals
• Personal Care
• Polylactic Acid (PLA)
• Others

Lactic Acid Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Indonesia
  • Malaysia
  • Philippines
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Lactic Acid Market

• BASF SE
• Galactic
• Musashino Chemical (China) Co., Ltd.
• Futerro
• Corbion
• Dow
• TEIJIN LIMITED

About Grand View Research

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

LED Lighting Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development

 LED Lighting Market Growth & Trends

The global LED lighting market size is expected to reach USD 135.58 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 12.5% over the forecast period. LED lighting offers benefits, such as improved energy efficiency, low heat emission, cost-saving, directional controlled lighting, longer service life, and nanosecond switching, which have been instrumental in driving the market growth.

In addition, the flexibility of using LED lighting for complex, compact shape, and aesthetically pleasing design fixtures has led to higher adoption rates, specifically across residential and commercial spaces. LED manufacturers are incorporating features, such as occupancy sensor, daylighting (bright white-blue light), dim-ability, and timer, to attain smart lighting capabilities at affordable prices.

Moreover, favorable government policies, rebates, and retrofit programs for commercial, industrial, and residential sectors to encourage the adoption of LED lighting are driving the market growth over the forecast period. Flicker-free LED lighting was introduced to reduce power consumption, facilitate long service life, and reduce the consumption of inefficient, high-wattage light sources, such as incandescent, HID, and CFL.

The market has been transforming radically in line with the continued advancements in LED lighting and semiconductor technology as well as the growing demand for sustainable and energy-efficient solutions. The advent of connected and controlled lighting technology has boosted the demand for lamps and fixtures. For instance, the Hue Lighting by Philips is a smart home lighting system that provides an entire range of lights that can be controlled using the Hue app on smartphones.

The growing preference for smart and Wi-Fi-enabled light bulbs is expected to emerge as one of the prominent factors driving the market growth over the forecast period. The Covid-19 pandemic disrupted lifestyle and business operations worldwide. Due to the delayed construction projects, owing to a temporary shutdown, the LED lights’ purchase order, delivery timeline, and payments were delayed, resulting in low revenue generation for the manufacturers.

Moreover, the companies relying on raw material suppliers from China faced delays, which hampered the production of new LED lamps and luminaires. Hence, the global market witnessed a decline in the overall revenue in the year 2020. The market was expected to recover in 2021 with reduced Covid-19 cases; however, the pandemic's second wave for an uncertain period is likely to affect the year-on-year growth rate. However, the improved knowledge about Covid-19 and continued business functions with preventive measures seem to be favorable for increasing the product demand over the forecast period.

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LED Lighting Market Report Highlights

• The rising demand for different product types for enhancing the aesthetics in luxury hotels, office spaces, as well as residential spaces is contributing to the market growth
• The lamps segment is anticipated to register the highest CAGR over the forecast period. The residential and commercial sectors primarily drive the demand for A-type, T-type, R-type, and B- & C-shaped wall and table lamps owing to their visibly pleasing aesthetics and varied illumination capability to enhance indoor and outdoor spaces
• Asia Pacific is expected to lead the global, in terms of revenue share as well as growth rate, over the forecast period
• The growth of APAC market is credited to the presence of large-scale manufacturers hotels, malls, and other commercial spaces in countries, such as China, India, Indonesia, Japan, and Vietnam
• Most of the major players offer an array of products for residential, commercial, and industrial applications
• Vendors in this market have been relying on an inorganic growth strategy to capture higher market shares
• For instance, Signify Holdings acquired GE Lighting and Philips to extend its product portfolio and expand its geographical footprint

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

LED Lighting Market Segmentation

Grand View Research has segmented the global LED lighting market on the basis of product, application, end-use, and region:

LED Lighting Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Lamps
  • A-Lamps
  • T-Lamps
  • Others
• Luminaires
  • Streetlights
  • Downlights
  • Troffers
  • Others

LED Lighting Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Indoor
• Outdoor

LED Lighting End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Commercial
• Residential
• Industrial
• Others

LED Lighting Regional Outlook (Revenue, USD Billion 2016 - 2028)

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

List of Key Players of LED Lighting Market

• Acuity Brands Lighting, Inc.
• Cree Lighting (Ideal Industries, Inc.)
• Dialight
• Digital Lumens, Inc.
• Hubbell
• LSI Industries, Inc.
• Panasonic Corp.
• Siteco GmbH
• Signify Holding
• Zumtobel Group

About Grand View Research

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

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

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

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-electronic-health-records-market

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-laboratory-information-management-system-lims-market

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-non-pvc-iv-bags-market

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

Access Press Release@ https://www.grandviewresearch.com/press-release/americas-structural-insulated-panels-market-analysis

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.