Vitrification Market Trends, Demand, Production, Analysis and Forecast to 2027: Grand View Research Inc.

 Vitrification Market Growth & Trends

The global Vitrification Market size is expected to reach USD 20.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.7% from 2021 to 2027. Several experiments and investigations have been conducted to prove the efficiency of vitrification over slow freezing, leading to its increased clinical implementation. Currently, most IVF clinics are using this method to freeze the eggs/embryos and deliver a higher success rate to patients, thereby driving the market.

Increasing infertility rates have significantly driven the fertility preservation space. Preserving biospecimens has become a common trend among consumers in order to avoid the subsequent consequences of delayed childbearing. Furthermore, increasing awareness of reproductive health has driven the attention of people towards the freezing of biospecimens. This has created commercial opportunities for players such as Vitrolife and IVF Store that are engaged in offering vitrification solutions for fertility preservation.

The increasing infertility rate is further propelling the demand for products offered in this market. On the other hand, ethical concerns about the preservation of eggs and sperms have hampered the market revenue to a considerable extent. The government and regulatory bodies are working towards addressing the concerns by introducing guidelines on various aspects of fertility preservation space.

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Vitrification Market Report Highlights

• Currently, vitrification is primarily preferred for the egg-freezing cycle, due to its high success rate over conventional techniques
• The relatively high upfront cost of embryo freezing, compared to egg freezing, has reduced penetration of this segment as compared to the oocytes segment
• However, with the number of increasing IVF cycles, the oocytes segment is anticipated to be a lucrative option
• On the other hand, although semen preservation has been performed before oocytes preservation, in the fast freezing market, these biospecimens account for a very low share in clinical implementation
• However, a substantial number of researches are being carried out to support the clinical implementation of vitrification under this segment
• Furthermore, the IVF clinics segment dominated the market in 2020 owing to the high usage of rapid cooling devices for oocytes preservation for future IVF procedures
• The biobanks segment is expected to witness considerable growth over the forecast period owing to the increase in the number of individuals seeking fertility preservation services
• Europe is recognized as the leader in Assisted Reproductive Technology (ART) space. This has positively favored the high revenue share of this region in the market in 2020
• Following Europe, North America accounted for the significant revenue share in 2020 owing to the increasing investment in R&D for new vitrification solutions coupled with effective regulatory guidelines to support the fertility preservation arena
• The Asian countries are expected to emerge as the lucrative source of revenue owing to the declining fertility rate in countries coupled with the subsequent increase in demand for vitrification products
• The key companies are engaged in making strategic alliances with other operating players to expand the distribution and market reach of their products

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Vitrification Market Segmentation

Grand View Research has segmented the global Vitrification Market on the basis of specimen, end-use, region:

Vitrification Specimen Outlook (Revenue, USD Million, 2016 - 2027)

• Oocytes
  • Devices
  • Kits & Consumables
• Embryo
  • Devices
  • Kits & Consumables
• Sperm

Vitrification End-use Outlook (Revenue, USD Million, 2016 - 2027)

• IVF Clinics
• Biobanks

Vitrification Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Vitrification Market

• Vitrolife
• IVF Store LLC
• Frozen Cell
• Cook Medical Inc
• Minitube
• IMV Technologies
• Coopersurgical Fertility And Genomic Solutions
• Fujifilm Irvine Scientific
• Biotech Inc.
• Kitazato 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.

User Generated Content Platform Market Projected to Discern Stable Expansion by 2028

 User Generated Content Platform Market Growth & Trends

The global user generated content platform market size is expected to reach USD 18.65 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 26.6% from 2021 to 2028. User Generated Content (UGC) or User Generated Content Platform can be defined as software-as-a-service (SaaS) that helps organizations curate images, videos, and text from social media and other online resources to repurpose for creating their brand’s authentic story. The use of user-generated content for marketing purposes is on the rise. The authenticity and creativity of this messaging have been harnessed to drive positive business outcomes. As more marketers take advantage of this relatively new form of advertising, close attention is needed to be paid to how this content is commercialized, to not tread into the very different waters of influencer marketing. For instance, Travelex, a U.K.-based foreign exchange company, started a campaign by launching a 12-month photo contest campaign. The company made use of exclusive hashtags such as #Travelxwow in order to urge its audience to participate, capture their best shots, and share on Instagram, Twitter, or directly through their own website. Through this initiative, the company aims to increase social engagement and obtain potential user data.

The advent of digital commerce and the extending consumer distaste for intrusive marketing tactics have led many advertisers and brands to introduce user-generated content to engage consumers and connect with them. New formats such as augmented reality (AR) filters and lenses and live streaming have provided consumers with new methods to create content. They have given marketing agencies new strategies to leverage user-generated content as part of their advertising and marketing efforts. For instance, in March 2020, Twitch's, an American video live streaming service, states that its viewership increased by 31% as more individuals connected with the live streaming platform. For brands and their agencies, there are many benefits to using UGC for marketing and advertising purposes. Top among them are highly trusted online content, strong brand affinity and engagement, more earned media, strong search engine optimization (SEO), and new research opportunities.

However, the downside of marketing and advertising through user-generated content is connected to the requirement of close supervision as negative content is inevitable. It requires an individual or a team to monitor, filter, and review user-generated content before publishing, which leads to extra costs and time for the organizations. Besides, moderating UGC can lead to a Black Hat SEO attack. Therefore, a dedicated team of supervisors is required to publish the content. Another prominent factor restraining the growth of the UGC market is unreliable and unknown sources. Since people can be reluctant to trust a random review or content with no authoritative background, it questions the credibility of the marketing content. Further, accusing the system of fake accounts and aliases is easy with so many different content contributors. Therefore, some consumers are not likely to trust UGC as others.

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User Generated Content Platform Market Report Highlights

• The rapid growth of digital music has contributed to the explosive surge in user-generated content, such as virtual concerts on Twitch or Fortnite, and music as a viral meme of Triller and TikTok. TikTok has certainly shifted the paradigm on how entertainment/ music followers discover, create, and share music
• The growing use of smartphones with high-speed internet technologies, such as 3G, 4G, and LTE, has led to the increased data consumption and production of user-generated content, such as live streaming videos and live podcasts
• In terms of product type, the audio and video (including live streaming) segment captured the largest revenue share in 2020. Factors such as increased engagement with customers, high potential for shareability on social media platforms, the availability of high-speed internet, and detailed information about the product are expected to drive the audio and video (including live streaming) segment
• To gain a competitive edge in the market, players have started adopting the client base expansion strategy by raising funds for the development of their platform. For instance, in March 2021, Yotpo, an eCommerce marketing platform that helps to accelerate direct-to-consumer growth, announced raising USD 230 million in Series F funding. This initiative was aimed at funding to accelerate the company’s eCommerce marketing platform

Access Press Release@ https://www.grandviewresearch.com/press-release/global-user-generated-content-platform-market

User Generated Content Platform Market Segmentation

Grand View Research has segmented the global user generated content platform market based on product type, end user, and region:

UGC Platform Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Blogs
• Websites
• Advertising and Promotions
• Social Media
• Audio and Video (including live streaming)
• Others

UGC Platform End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Individual
• Enterprises

UGC Platform Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Turkey
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Thailand
  • Vietnam
• South America
  • Brazil
• Middle East and Africa (MEA)
  • Saudi Arabia
  • Israel
  • Kuwait
  • United Arab Emirates

List of Key Players of User Generated Content Platform Market

• CrowdRiff
• Curalate
• Monotype Imaging Inc.
• Olapic Inc.
• Pancake Laboratories, Inc.
• Pixlee
• Stackla Pty Ltd.
• TINT
• TurnTo
• Yotpo
• Yuema 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.

Pharmaceutical Analytical Testing Outsourcing Market Size Is Expected To Reach $12.4 Billion by 2028

 Pharmaceutical Analytical Testing Outsourcing Market Growth & Trends

The global pharmaceutical analytical testing outsourcing market size is expected to reach USD 12.4 billion by 2028 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. Increasing pipelines for biological candidates along with rising demand for additional analytical details on drugs as well as process development by regulatory agencies are boosting the market growth. Analytical testing helps in providing real-time product quality control along with optimizing & monitoring processes, characterize biosimilar & biologics, and improving productivity. One of the main reasons for outsourcing analytical testing services is to access skilled & experienced expertise, as well as expensive analytical equipment not available in-house.

Increasing R&D investments is one of the critical sustainability strategies. Not all companies have an infrastructure that is compatible with all types of analytical testing. Hence, outsourcing these operations is the most suitable option, which also helps save time and cost. A patent cliff largely for small molecules with the pharmaceutical industry has led to a huge dent in the pharma’s profits. In the coming years, several best-selling drugs are coming towards the end of patent life including Humira. Drug innovators are under constant pressure to launch new products. Developing advanced analytical testing to assess & monitor the quality attributes of these requires a broader set of equipment & expertise, which is beyond the internal capacity of pharma companies.

The market is developing due to increasing competition in the pharmaceutical and biopharmaceutical markets for disease-specific drugs. Most pharmaceutical manufacturing companies rely on analytical testing to help and improve productivity, optimize and monitor processes, and offer real-time product quality control. Due to this, there is an increasing demand for analytical testing outsourcing services. Hence the market is expected to show lucrative growth over the forecast period. Outsourcing of analytical testing services allows companies to handle more complex activities and focus on their core competencies. This offers cost savings by letting medical companies evade building specialized facilities and hiring staff. Pharmaceutical analytical testing includes the identification and quantification of components in therapeutic solutions or drugs.

The nature of Covid-19 transmission has led several laboratory staff members to face uncertainties, such as fears of contracting the infection along with other biosafety concerns. Thus, reduced manpower and increasing focus on the development of vaccines & therapies against Covid-19 are anticipated to negatively impact the turnaround time for routine tests. The large number of R&D activities, clinical trials, and diagnostic procedures being conducted to counteract Covid-19 is anticipated to increase the demand for analytical testing services since several pharmaceutical companies are now focusing on their core competencies and outsourcing non-core functions to increase their productivity & operational efficiency.

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Pharmaceutical Analytical Testing Outsourcing Market Report Highlights

• The bioanalytical testing segment led the global market in 2020 accounting for the largest revenue share due to the high number of clinical trial registrations and entry of new participants within the market space
• The segment is also expected to register the fastest CAGR over the forecast period owing to growing R&D expenditure by pharmaceutical companies and preference for outsourcing bioanalytical testing
• The extractable and leachable services in the method development and validation segment is expected to dominate the market and register the fastest CAGR owing to an increasing number of vendors offering these services at competitive prices
• Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 due to low-cost service offering by the third-party service providers in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-pharmaceutical-analytical-testing-outsourcing-market

Pharmaceutical Analytical Testing Outsourcing Market Segmentation

Grand View Research has segmented the global pharmaceutical analytical testing outsourcing market on the basis of service and region:

Pharmaceutical Analytical Testing Outsourcing Service Outlook (Revenue, USD Million, 2016 - 2028)

• Bioanalytical
  • Clinical
  • Non-clinical
• Method Development & Validation
  • Extractable & Leachable
  • Impurity Method
  • Technical Consulting
  • Others
• Stability Testing
  • Drug Substance
  • Stability Indicating Method Validation
  • Accelerated Stability Testing
  • Photostability Testing
  • Others
• Others

Pharmaceutical Analytical Testing Outsourcing Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Pharmaceutical Analytical Testing Outsourcing Market

• SGS SA
• Toxikon, Inc.
• Eurofins Scientific
• Pace Analytical Services, Inc.
• Intertek Group Plc
• Pharmaceutical Product Development, LLC.
• WuXi AppTec, Inc.
• Boston Analytical
• Charles River Laboratories International, Inc.
• West Pharmaceutical Services 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.

Medical Device Outsourcing Market to Grow At a Highest CAGR of 11.2% During the Forecast Period: Grand View Research Inc.

 

Medical Device Outsourcing Market Growth & Trends

The global medical device outsourcing market size is expected to reach USD 227.1 billion by 2028 registering a CAGR of 11.2%, according to a new report by Grand View Research, Inc. Rising demand for advanced medical products is the key factor fueling the market growth. Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public. Thus, to meet the regulatory standards, market players are using various services like regulatory consulting. For example, the European Medical Device Regulation undertakes special spontaneous inspection of outsourced products to test the quality as well as conformity with the standards.

Contract manufacturers in developed countries like the EU nations comply with the international standards for a quality management system, which makes them a preferred option as compared to the ones in developing countries like India and China. However, the regulatory changes anticipated in the developing countries ensure compliance by contract manufacturers. Demand for regulatory compliance is expected to boost the growth of consulting services, such as remediation, compliance, and QMS, thereby contributing to the growth of the global market.

However, the current pandemic has put the MedTech industry at the center stage with unmatched demand for PPE, diagnostic tests, ventilators, and other critical supplies. Besides the ongoing extraordinary measures to promptly ramp up the manufacturing capacity & capabilities, Medtech leaders are seeking outside their boundaries of the normal sector to explore innovative solutions to supplement the capacity, such as open-source equipment design, as well as partnerships with firms outside the sector.

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Medical Device Outsourcing Market Report Highlights

• The contract manufacturing segment led the market in 2020 with a revenue share of 55.4% and will retain its position throughout the forecast period
• This growth is due to the increasing trend of outsourcing by OEMs to third-party manufacturers, especially in emerging countries
• The quality assurance services segment is projected to exhibit the fastest CAGR over the forecast period
• Asia Pacific was the dominant regional market in 2020 owing to the easy availability of skilled human resources

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Medical Device Outsourcing Market Segmentation

Grand View Research has segmented the global medical device outsourcing market on the basis of service, application, and region:

Medical Device Outsourcing Service Outlook (Revenue, USD Million, 2016 - 2028)

• Quality Assurance Services
• Regulatory Affairs Services
  • Clinical Trials Applications & Product Registrations
  • Regulatory Writing & Publishing
  • Legal Representation
  • Other
• Product Design & Development Services
  • Designing & Engineering
  • Machining
  • Molding
  • Packaging
• Product Testing & Sterilization Services
• Product Implementation Services
• Product Upgrade Services
• Product Maintenance Services
• Contract Manufacturing
  • Accessories Manufacturing
  • Assembly Manufacturing
  • Component Manufacturing
  • Device Manufacturing

Medical Device Outsourcing Application Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiology
  • Class I
  • Class II
  • Class III
• Diagnostic Imaging
  • Class I
  • Class II
  • Class III
• Orthopedic
  • Class I
  • Class II
  • Class III
• IVD
  • Class I
  • Class II
  • Class III
• Ophthalmic
  • Class I
  • Class II
  • Class III
• General & Plastic Surgery
  • Class I
  • Class II
  • Class III
• Drug Delivery
  • Class I
  • Class II
  • Class III
• Dental
  • Class I
  • Class II
  • Class III
• Endoscopy
  • Class I
  • Class II
  • Class III
• Diabetes Care
  • Class I
  • Class II
  • Class III
• Others
  • Class I
  • Class II
  • Class III

Medical Device Outsourcing Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • France
  • UK.
  • Germany
  • Italy
  • Spain
  • The Netherlands
  • Switzerland
  • Sweden
  • Belgium
  • Russia
• Asia Pacific
  • Japan
  • China
  • Taiwan
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Korea
  • Thailand
  • Australia
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Israel
  • UAE
  • Egypt

List of Key Players of Medical Device Outsourcing Market

• SGS SA
• IQVIA
• Toxikon, Inc.
• Eurofins Scientific SE
• Pace Analytical Services, Inc.
• Intertek Group plc
• WuXi AppTec, Inc.
• North American Science Associates, Inc.
• Charles River Laboratories International, Inc.
• PAREXEL International 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.

Magnetic Resonance Imaging Coils Market is Projected to Boost USD 13.7 Billion by 2028: Grand View Research Inc.

 Magnetic Resonance Imaging Coils Market Growth & Trends

The global magnetic resonance imaging coils market size is expected to reach USD 13.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.5% from 2021 to 2028. The growing prevalence of chronic diseases such as cardiovascular, neurological, cancer, and urological is expected to drive the market. Rising chronic diseases is a global healthcare concern. In the U.S., over half of the adult population suffers from these chronic diseases. Around 75.0% of the total healthcare expenditure in the U.S. is used for providing care for these chronic conditions.

For instance, as per the National Cancer Institute, in 2020, around 1,806,590 new cancer cases were diagnosed in the U.S. Similarly, as per American Heart Association, the mortality related to cardiovascular diseases is very high, with around 17.3 million deaths registered per year. This death rate is projected to reach 23.6 million by 2030. These diseases require imaging tools, mainly magnetic resonance imaging (MRI), for diagnosis and monitoring of progression as well as treatment effects. The growing demand for MRI for various applications will lead to the adoption of MRI coils, which, in turn, may propel market growth.

Additionally, growing awareness regarding early diagnosis is also expected to contribute to market growth. Cancer and cardiovascular diseases together result in the highest global mortality rate. This has captured the attention of various governments and healthcare organizations and is driving them towards creating awareness regarding these diseases. For instance, in 2010, prevention and early detection services were offered free of cost to people aged 65 years and above through Medicare under the Affordable Care Act. Similarly, the Indian Cancer Society runs a Cancer Awareness and Educational Program. Through this program, it aims to create awareness regarding signs and symptoms of the disease and commercially available cancer treatments and diagnostic tools. It also aims at creating awareness regarding the benefits of early diagnosis of disease. Growing awareness will contribute towards the adoption of MRI and MRI coils during the forecast period.

Since the demand for magnetic resonance imaging machines is increasing, market players are developing advanced and high field strength (7T) magnetic resonance imaging machines. The growing development of these machines is creating opportunities for various players manufacturing MRI coils, to develop coils that support high field strength machines. Currently, magnetic resonance imaging coils for high field strength machine is only available for head and knee application, however, various research institutes are researching to understand it’s efficiency in other applications as well. Despite these advancements, the high cost of MRI coils, new or refurbished is expected to hinder the market growth.

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Magnetic Resonance Imaging Coils Market Report Highlights

• The radiofrequency coil segment held the largest revenue share in 2020 and is expected to grow at the fastest rate during the forecast period
• Development of advanced radiofrequency coil for various application is expected to contribute towards segment growth
• The neurology segment held the largest revenue share and is expected to grow at the fastest rate over the forecast period owing to the rising number of research activities being conducted regarding the efficiency of head coils with 7T MRI machines for neurological conditions
• The pediatric segment is also expected to grow at a significant rate owing to the development of semi-flexible array coils for pediatric magnetic resonance imaging to avoid challenges associated with the imaging
• The hospitals segment held the largest revenue share in the market in the end-use segment. Increasing installation of advanced MRI machines in these settings is expected to drive the demand for magnetic resonance imaging coils
• The ambulatory care centers segment is expected to grow at the fastest rate during the forecast period owing to the increasing number of MRI scans performed in these settings due to reduced wait time and cost
• North America held the largest revenue share in 2020 owing to the presence of a large number of market players and growing initiatives for the development of advanced MRI coils
• In Asia Pacific, the market is expected to experience the fastest growth rate during the forecast period owing to the increasing prevalence of chronic diseases in the region and growing demand for MRI

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Magnetic Resonance Imaging Coils Market Segmentation

Grand View Research has segmented the global magnetic resonance imaging coils market based on type, application, end-use, and region:

MRI Coil Type Outlook (Revenue, USD Million, 2016 - 2028)

• Radiofrequency Coil
• Gradient Coil

MRI Coil Application Outlook (Revenue, USD Million, 2016 - 2028)

• Neurology
• Cardiovascular
• Spine and Musculoskeletal
• Pediatric
• Breast
• Abdominal
• Others

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

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Care Centers
• Others

MRI Coil Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Magnetic Resonance Imaging (MRI) Coils Market

• ESAOTE SPA
• GE Healthcare
• Koninklijke Philips N.V.
• Siemens Healthcare Private Limited
• MR Instruments, Inc.
• RAPID MR International, LLC
• ScanMed
• Canon Medical Systems Corporation
• Hologic Inc.
• Bruker

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.

Recycled Polyethylene Terephthalate Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Recycled Polyethylene Terephthalate Market Growth & Trends

The global recycled polyethylene terephthalate market size is expected to reach USD 14.40 billion by 2028, according to a new study by Grand View Research, Inc., growing at a CAGR of 6.7% over the forecast period. The growing beverage industry in countries, such as China, India, Japan, South Korea, Vietnam, and the Philippines, as well as increasing demand for Recycled Polyethylene Terephthalate (rPET) in non-food sectors, is expected to drive the global market over the forecast period.

Recycled PET is a synthetic compound prepared from used PET products, which finds application in a wide range of end-use industries. The resins are produced from post-consumer PET bottle flakes and are one of the most stable forms of recycled PET. Clear was the largest type of rPET in 2020 and the product is expected to continue dominating the global market owing to the high demand in the production of bottles and sheets. Clear recycled PET is widely used in multiple applications, such as in the production of resins and fibers.

Rising concerns about the sustainability of natural resources in the developing economies of North America and Europe are expected to have a positive influence on the product demand over the forecast period. The shift in preference toward establishing manufacturing units in the Asia Pacific region, especially in China, India, Vietnam, Indonesia, and Thailand, is also expected to propel the product demand. The non-food containers and bottles end-use segment is expected to grow at a steady rate over the forecast period.

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Recycled Polyethylene Terephthalate Market Report Highlights

• The global market was valued at USD 8.6 billion in 2020 and is estimated to grow at a CAGR of 6.7% from 2021 to 2028
• The clear product segment accounted for the largest revenue share in 2020 and is anticipated to retain its dominance throughout the forecast period
• Low energy requirements and ease of bottle-to-bottle recycling are expected to drive the demand for clear recycled PET over the forecast period
• The food & beverage containers & bottles end-use segment is projected to register the fastest CAGR over the forecast period
• In terms of revenue, Asia Pacific dominated the global market and is projected to expand further at a steady CAGR over the forecast period
• The growth can be credited to the presence of a strong manufacturing industry wherein rPET is widely used across several applications
• North America is projected to grow at a significant CAGR over the forecast period owing to the presence of several key end-use industries, such as FMCG, consumer goods, clothing & textile, and automobile, and the anticipated surge in recycled plastic adoption in these industries

Access Press Release@ https://www.grandviewresearch.com/press-release/global-recycled-polyethylene-terephthalate-pet-market

Recycled Polyethylene Terephthalate Market Segmentation

Grand View Research has segmented the global recycled polyethylene terephthalate market on the basis of product, end-use, and region:

rPET Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Clear
• Colored

rPET End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Fiber
• Sheet & Film
• Strapping
• Food & Beverage Bottles & Containers
• Non-Food Bottles & Containers
• Others

rPET Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Sweden
  • UK.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

List of Key Players of Recycled Polyethylene Terephthalate (rPET) Market

• PLACON
• Verdeco Recycling, Inc.
• Indorama Ventures Public Ltd.
• POLYQUEST
• Evergreen Plastics, Inc.
• Libolon

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.

Scaffold Technology Market is Anticipated To Generate Significant Revenues by 2028: Grand View Research Inc.

 Scaffold Technology Market Growth & Trends

The global scaffold technology market size is expected to reach USD 2.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.4% from 2021 to 2028. The market growth can be primarily attributed to the growing popularity of bioprinting for mimicking the tissue microenvironment in printed 3D tissue models. The need to expand the horizon of multidisciplinary research areas has supplemented the adoption of scaffold technologies in 3D printed models.

For instance, in October 2021, researchers integrated novel biomaterial scaffold-guided regeneration for multiple periodontal tissues. The incorporation of advanced imaging modalities along with 3D printing has facilitated non-invasive tracking of in vivo degradation of scaffolds. The advent of such technologies is expected to propel the adoption of scaffolds in tissue engineering and regeneration, thereby providing considerable momentum to market growth.

Additionally, the development of novel diagnostic and therapeutic strategies such as tissue engineering, regenerative medicine, have been largely favored in the wake of the pandemic outbreak of SARS-COV-2 infection. Expanding research activities in the field of tissue engineering have led to the advent of scaffold-based vaccine systems, which have the potential tocombatCOVID-19. Progress in this area is expected to cause a surge in the adoption of advanced medical technologies in COVID-19 vaccine development and research.

Furthermore, researchers are proactively using in vitro human lung tissue models developed using tissue-engineered for the understanding of mechanisms of the infection and host-pathogen interface. The application of tissue engineering is used for culturing multiple pulmonary cell lines, improving the relevance of in vitro models, and the use of 3D scaffolds that mimic native pulmonary architecture.

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Scaffold Technology Market Report Highlights

• The hydrogels segment dominated the market in terms of revenue in 2020 owing to advantages such as high biocompatibility, thermal reversibility, and strong cellular activities, contributing to its increasing adoption rate
• The nanofiber-based scaffolds segment is expected to witness lucrative growth owing to the growing advancements such as 3D molding for developing 3D nanofiber membranes
• The stem cell therapy, regenerative medicine, and tissue engineering segment held the largest revenue share in 2020
• This growth is attributed to the expanding adoption of scaffolds in the aesthetic procedure, wound healing, periodontology, and colorectal surgeries
• The drug discovery segment is expected to witness the fastest CAGR over the forecast period
• Scaffolds play a vital role in the elucidation of molecular reasons for the activity of drug candidate in toxicity screening procedures, which is expected to impact the growth of medical technology in this segment
• The orthopedics, musculoskeletal, and spine segment held a substantial market share in 2020 due to an increase in the popularity of regenerative medicines
• Regenerative medicines can offer various lower risk substitutes to allograft surgery, thereby supplementing the adoption of the technology in this segment
• The biotechnology and pharmaceutical industries segment dominated the market in terms of revenue share in 2020 owing to their high engagement in new drug discovery and development
• North America held the largest revenue share in 2020. Growth in this region is owing to the presence of key players and extensive R&D activities
• Companies operating in the market are entering into partnership for developing 3D cell culture models
• For instance, in March 2021, PELOBiotech GmbH entered in partnership with Rigenerand SRL for developing 3D Cell Culture models. The company distributed its VITVO handheld bioreactor which is integrated with a scaffold for establishing in vitro 3D cell culture model that is used in pre-clinical investigations and research applications

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Scaffold Technology Market Segmentation

Grand View Research has segmented the global scaffold technology market based on type, application, disease type, end-use, and region:

Scaffold Technology Type Outlook (Revenue, USD Million, 2017 - 2028)

• Hydrogels
  • Polymeric
  • Micropatterned Surface Microplates
  • Nanofiber-based
• Wound Healing
• 3D Bioprinting
• Immunomodulation

 Scaffold Technology Application Outlook (Revenue, USD Million, 2017 - 2028)

• Stem Cell Therapy, Regenerative Medicine, & Tissue Engineering
• Drug Discovery
• Others

Scaffold Technology Disease Type Outlook (Revenue, USD Million, 2017 - 2028)

• Orthopedics, Musculoskeletal, & Spine
• Cancer
• Skin & Integumentary
• Dental
• Cardiology & Vascular
• Neurology
• Urology
• GI, Gynecology
• Others

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

• Biotechnology and Pharmaceutical Industries
• Research Laboratories and Institutes
• Hospitals and Diagnostic Centers
• Others

Scaffold Technology 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 Scaffold Technology Market

• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Becton, Dickinson, and Company
• 3D Biotek LLC
• Xanofi
• Molecular Matrix, Inc.
• Tecan Trading AG
• REPROCELL Inc.
• Matricel GmbH
• Pelobiotech
• Corning Incorporated
• Akron Biotech
• Avacta Life Sciences Limited.
• Nanofiber Solutions
• 4titude
• Bioquote Ltd
• Vericel Corporation
• NuVasive, Inc.
• Allergan
• Medtronic

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 Automotive Electronics Market is Estimated To Reach A Valuation of USD 392.49 Billion by 2028: Grand View Research Inc.

 Automotive Electronics Market Growth & Trends

The global automotive electronics market size is expected to reach USD 392.49 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.9% from 2021 to 2028. Increasing safety and security concerns to curb the rising road fatalities in developed and developing economies across the globe are the factors anticipated to drive the demand for automotive electronics. The rising demand for electric vehicles, autonomous vehicles, and state-of-the-art vehicle technology is also expected to fuel the market growth. Accident data recorder systems, emergency call systems, and alcohol ignition interlocks are some of the prominent technologically advanced features that are expected to drive the market growth over the forecast period.

The availability of advanced safety systems with features such as blind-spot detection and automatic emergency braking at lower costs has led to the increased implementation of these systems. This, in turn, is expected to boost the adoption of automotive ECUs and sensors used in these systems, subsequently fueling the market growth. Moreover, these features adhere to government rules and regulations and are anticipated to pave the way for adopting autonomous vehicles. The ECUs and sensors are used for controlling the electronic functions in these vehicles, thereby increasing the demand for these components.

The COVID-19 pandemic has negatively impacted the demand for automotive electronics in 2020. The implementation of lockdowns and social distancing norms globally has led to losses for industries such as manufacturing, automotive, entertainment, restaurant, and hospitality. The overall vehicle production volumes declined globally on a year-on-year basis, mainly due to the decrease in production volumes in North America and Europe, among other regions. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), global automobile production dropped by more than 15% i.e., 77.6 million units in 2020 as compared to 91.7 million units in 2019. However, as governments begin to gradually relax lockdown norms and allow businesses to operate with mandates of social distancing, the market can expect a period of respite for the short-term due to the growing demand for cars from the middle-class populations.

The market for automotive electronics is also affected by the recent semiconductor chip shortages globally. The semiconductor chip supply crunch, powered by the pandemic supply-chain gyrations and rising demand, has majorly affected the automakers, forcing them to temporarily halt production in their factories. In April 2021, General Motors and Ford announced plans to temporarily shut down their factories due to a shortage of semiconductor chips. The chaotic ordering from the automotive OEMs makes it harder for chipmakers to understand where they need to allocate supply to meet the real and short-term needs.

The Asia Pacific regional market captured around 41% of the overall automotive electronics demand in 2020 and is estimated to register the highest CAGR of 8.3% over the forecast period. The demand in the Asia Pacific region is largely fulfilled by China, India, and Japan. China is the world's largest manufacturing hub and one of the fastest-growing economies. The Chinese automotive manufacturers are leveraging favorable market conditions to take the lead and dominate the market. Moreover, the Make in India campaign is expected to draw investments in the automotive sector, thus boosting the demand for automotive electronics.

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Automotive Electronics Market Report Highlights

• In terms of component, the sensors segment is estimated to expand at the highest CAGR of around 9.2% over the forecast period. This can be attributed to favorable government initiatives for passenger safety and security in various regions
• In terms of application, the safety system emerged as the largest segment in 2020. Increasing customer awareness about technological changes related to safety equipment in vehicles is expected to act as a potential driver for the growth of the safety systems segment
• In terms of sales channel, the OEM segment emerged as the largest segment in 2020 owing to the increased durability and shelf-life of electronic components
• The Asia Pacific region held the largest market share in 2020. This can be attributed to the increasing production of vehicles in India, China, and Japan

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Automotive Electronics Market Segmentation

Grand View Research has segmented the global automotive electronics market based on component, application, sales channel, and region:

Automotive Electronics Component Outlook (Revenue, USD Million, 2016 - 2028)

• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

Automotive Electronics Application Outlook (Revenue, USD Million, 2016 - 2028)

• ADAS
• Infotainment
• Body Electronics
• Safety Systems
• Powertrain Electronics

Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)

• OEM
• Aftermarket

Automotive Electronics Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Automotive Electronics Market

• Continental AG
• DENSO Corporation
• Hella GmbH& Co. KGaA
• Infineon Technologies AG
• Robert Bosch GmbH
• Valeo Inc.
• ZF Friedrichshafen AG
• Hitachi Automotive Systems, Ltd.
• Visteon Corporation
• Xilinx, 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.

Cardiac Rhythm Management Devices Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 Cardiac Rhythm Management Devices Market Growth & Trends

The global cardiac rhythm management devices market size is anticipated to reach USD 29.9 billion by 2028, according to a new report by Grand View Research. The market is expected to expand at a CAGR of 7.4% from 2021 to 2028. The market has shown constant growth in the adoption of cardiac rhythm management (CRM) devices owing to the increasing prevalence of cardiovascular disorders. According to the CDC, as of September 2020, approximately 655,000 Americans die suffering from heart disease every year.

The market was negatively impacted during the COVID-19 pandemic, as elective procedures, including the non-essential cardiovascular procedures, were postponed or canceled during the pandemic. Major players in the market, such as Medtronic, Abbott, and Boston Scientific Corporation, incurred huge losses in their cardiac rhythm management business segments globally. This resulted in negative growth of the market in 2020.

Revolutionary technological progress is rapidly transforming the market. These expansions are producing lucrative potentials. Increase in R&D expenditure and new product launches by leading firms is driving the market. For instance, in October 2020, Abbott launched its new ICD and CRT-D in India, to expand its product portfolio in the country. The company had also received CE Mark approval for its Gallant ICD and CRT-D devices in February 2020. Some of the major market players account for a significant share of the market owing to their extensive product offerings.

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Cardiac Rhythm Management Devices Market Report Highlights

• The defibrillator segment held the largest revenue share in 2020 owing to high acceptance of the device, globally
• The ICD segment dominated the defibrillators segment in 2020 and accounted for more than 60.0% of the revenue share, owing to its better patient outcome
• In the external defibrillator segment, the automatic external defibrillator segment held the highest revenue share in 2020 owing to associated benefits, including pacing, i.e., delivering pulses of the current to stimulate heart contraction as well as cardioversion, converting arrhythmia or tachycardia to a normal heartbeat
• In 2020, North America held the dominant revenue share of the market owing to the rising prevalence of cardiovascular diseases and high adoption of CRM devices
• Asia Pacific is expected to show lucrative growth over the forecast period owing to the presence of emerging countries such as China and India

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Cardiac Rhythm Management Devices Market Segmentation

Grand View Research has segmented the global cardiac rhythm management devices market on the basis of the product and region:

CRM Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Pacemakers
  • Implantable
  • External
• Defibrillators
  • Implantable Cardioverter Defibrillators (ICD)
    • S-ICD
    • T-ICD
  • External Defibrillator
    • Manual External Defibrillator
    • Automatic External Defibrillator
    • Wearable Cardioverter Defibrillator
  • Cardiac Resynchronization Therapy (CRT)
    • CRT-Defibrillator
    • CRT-Pacemakers

CRM DevicesRegional Outlook (Revenue, USD Million, 2016 - 2028)

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

 List of Key Players of Cardiac Rhythm Management (CRM) Devices Market

• Physio-Control, Inc. (Stryker)
• Schiller
• Medtronic
• Abbott
• Boston Scientific Corporation
• Koninklijke Philips N.V.
• Zoll Medical Corporation
• BIOTRONIK
• Progetti 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.