Digital Transformation Market Predicted to Cross $1,759.4 Billion by 2028: Grand View Research Inc.

 

Digital Transformation Market Growth & Trends

The global digital transformation market size is estimated to reach USD 1,759.4 billion by 2028, registering a CAGR of 23.6% over the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of advanced technologies, such as the Internet of Things (IoT) and machine learning, across several industries/sectors, is encouraging businesses to implement connected, analytical, and data-rich solutions via digital transformation. These solutions are capable of encapsulating intelligence into business operations to facilitate improved and more effective customer engagements. Moreover, the growing usage of mobile devices, smartphones, and applications across business functions is increasingly promoting digitization.

Digital transformation enables organizations to mitigate business risks and manage disruptions, such as corporate restructuring, marketplace fluctuations, unforeseen pandemics, and unpredictable geopolitical environments, more efficiently. It enables organizations to address a range of process optimization. Moreover, it enables businesses to target a larger customer base by designing new business models, products, and services leveraging digitization. Furthermore, it helps facilitate the transformation of business activities, traditional processes, and business models to benefit from upcoming changes and opportunities pertaining to futuristic technologies.

The rapid urbanization and digitization across the globe are enabling organizations to embrace digital transformation using technology-driven solutions. The growing usage of cloud technology by various Small & Medium Enterprises (SMEs) helps them adopt modern Digital Experience Platforms (DXP) at reasonable costs without constant upgradation or replacement of systems. This is estimated to drive the market during the forecast period. Moreover, benefits, such as improvements in operational flexibility and overall customer experience, are encouraging digital transformation initiatives across SMEs, driving the market.

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Digital Transformation Market Report Highlights

• The solution segment is expected to capture the largest share by 2028 due to the exponential rise in the use of mobile technology across several industries, and the subsequent shift in the way content is consumed via social media platforms
• The rising implementation of digital transformation solutions across industries and verticals is driving the demand for support and maintenance services. This is expected to boost the demand for professional services over the forecast period
• The hosted deployment segment is expected to gain momentum over the forecast period owing to advantages, such as lower cost, convenience, flexibility, and improved security
• Large enterprise is expected to be the largest enterprise size segment due to the increased focus of large-scale firms on improving productivity and efficiency of workforces by using digital transformation solutions
• In terms of end-use, the healthcare segment is projected to register the fastest CAGR of more than 24% from 2021 to 2028
• The growing implementation of digital processes and technologies, such as telemedicine, blockchain, Electronic Health Records (EHRs), and AI-enabled medical devices, is allowing healthcare providers to improve patient care
• Asia Pacific is anticipated to be the fastest-growing regional market from 2021 to 2028 due to the increasing penetration of advanced technologies

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

Digital Transformation Market Segmentation

Grand View Research has segmented the global digital transformation market on the basis of type, deployment, enterprise size, end-use, and region:

Digital Transformation Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Solution
  • Analytics
  • Cloud Computing
  • Mobility
  • Social Media
  • Others
• Service
  • Professional Services
  • Implementation & Integration

Digital Transformation Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• Hosted
• On-premise

Digital Transformation Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Large Enterprise
• Small & Medium Enterprise (SME)

Digital Transformation End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• BFSI
• Healthcare
• Government
• IT & Telecom
• Manufacturing
• Retail
• Others

Digital Transformation Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Players in Digital Transformation Market

• Accenture plc
• Apple, Inc.
• ADOBE, Inc.
• CA Technologies (Broadcom, Inc.)
• Dell Technologies Inc.
• Hewlett Packard Enterprise Company
• International Business Machines Corp.
• Microsoft Corp.
• Kellton Tech Solutions Ltd.
• Google, 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.

Managed Services Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Managed Services Market Growth & Trends

The global managed services market size is expected to reach USD 552.35 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 12.7% from 2021 to 2028. The growing reliance of organizations on IT infrastructure for driving the productivity of their business is anticipated to drive the growth of the market over the forecast period. Benefits associated with the implementation of managed services, such as considerable reduction in IT operational costs, and improvement in organizational efficiency, also bode well for the growth.

Several businesses are confronting challenges in the wake of the outbreak of the COVID-19 pandemic and Managed Services Providers (MSPs) are no exception to that. Although many businesses and organizations are opting for managed services for ensuring operational efficiency amid the lockdowns being implemented across various nations as part of the efforts to arrest the spread of coronavirus, organizational spending on new automation initiatives has been slowing down gradually. As a result, market players are expected to witness a significant decline in their revenues in 2020, thereby pressurizing them to reduce costs. Nevertheless, the spending on business automation is expected to increase from 2021 onwards, thereby driving the growth of the market over the forecast period.

The rising number of Small and Medium Enterprises (SMEs) in emerging economies is anticipated to propel the demand for managed services over the forecast period. Strengthening profit margins, which are catering efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the market. Managed services help in optimizing the recurrent in-house IT costs while simultaneously automating business processes. This subsequently allows organizations to effectively achieve their business objectives, especially about strengthening the bottom line and increasing profitability.

Initiatives being pursued aggressively by various governments toward digital transformation focusing on modernizing their IT infrastructure, strengthening governance, and improving citizen services are anticipated to drive the demand for managed services over the forecast period. For instance, in 2018, the Canadian government invested USD 2.1 billion on a 6-year digital transformation program. The program envisages modernizing the government’s IT infrastructure and services.

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Managed Services Market Report Highlights

• The managed security segment is expected to register the highest CAGR over the forecast period owing to the stringent government regulations regarding data security and privacy protection and the increasing incidences of cyber-attacks on businesses
• The business support systems segment is anticipated to register the highest CAGR from 2021 to 2028. The increasing adoption of business support systems, such as business analysis, database integration, demand management services, and project management, by the incumbents of various end-use industries is anticipated to propel the growth of the segment over the forecast period
• The on-premise segment dominated the market in 2020. On-premise hosting of software ensures easy customization according to the needs of the business processes. On-premise installation is particularly lucrative for large enterprises
• The Small & Medium Enterprises (SME) segment is anticipated to register a significant CAGR over the forecast period. SMEs are aggressively opting for managed services owing to the numerous advantages, such as controlled IT costs, increased efficiency and competitiveness, and reduced risk, associated with them
• Healthcare is anticipated to emerge as the fastest-growing segment over the forecast period. The healthcare industry has been turning out to be a primary target of cybercriminals, thereby driving the need to effectively protect the patient database. Several healthcare organizations are opting for managed services to protect patient data and secure monetary transactions, thereby contributing to the growth of the segment
• North America accounted for the largest market share in terms of revenue in 2020. The rising number of Multinational Companies (MNCs) in North America bodes well for the growth of the regional market

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

Managed Services Market Segmentation

Grand View Research has segmented the global managed services market based on solution, Managed Information Service (MIS), deployment, enterprise size, end use, and region:

Managed Services Solution Outlook (Revenue, USD Billion, 2016 - 2028)

• Managed Data Center
• Managed Network
• Managed Mobility
• Managed Infrastructure
• Managed Backup and Recovery
• Managed Communication
• Managed Information
• Managed Security

Managed Information Service (MIS) Outlook (Revenue, USD Billion, 2016 - 2028)

• Business Process Outsourcing (BPO)
• Business Support Systems
• Project & Portfolio Management
• Others

Managed Services Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• On-premise
• Hosted

Managed Services Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Managed Services End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Financial Services
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Retail
• Others

Managed Services Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players in the Managed Services Market

• Accenture PLC
• Alcatel-Lucent Enterprise
• AT&T Inc.
• Avaya Inc.
• BMC Software, Inc.
• CA Technologies
• Cisco Systems, Inc.
• DXC Technology Company
• Ericsson
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Lenovo Group 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.

Point-Of-Sale Terminals Market Expected to Witness a Sustainable Growth Over 2028: Grand View Research Inc.

 Point-Of-Sale Terminals Market Growth & Trends

The global point-of-sale terminals market size is expected to reach USD 130.91 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. Many industries, such as manufacturing, automobile, entertainment, restaurant, and hospitality, have lost their business due to strict social distancing rules and complete lockdown imposed in most of the countries to control the spread of the novel coronavirus. The slumped businesses affected the product demand across the industries.

For instance, Europe and the Middle East regions are tourist hotspots that have suffered losses due to international travel restrictions. However, the retail and healthcare sectors are expected to exhibit product demand for point-of-sale (POS) terminals for contactless payment. The market is expected to regain its foothold across industries by 2021; also, Mobile Point-of-Sale (mPOS) and contactless payment terminals are in high demand currently as they contribute to the effort of containing the spread of coronavirus.

The market is anticipated to grow substantially over the forecast period owing to rising product demand in various applications, such as Customer Relationship Management (CRM), reporting, payment processing, among others. The decline in the trend of carrying cash for shopping and the need for understanding customer purchase patterns has further boosted product adoption.

Large businesses using the POS system offer a discount for payment through debit/credit card on purchase. This helps attract more customers and boost sales. Hence, small- and medium-scale businesses are also deploying these systems due to the aforementioned benefits. Industries, such as retail, hospitality, and restaurants, are the highest adopter of POS systems for everyday transactions at their facility.

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Point-Of-Sale Terminals Market Report Highlights

• The mPOS segment is anticipated to grow at the highest CAGR over the forecast period. The increasing demand for contactless, wireless, and portable POS systems across retail and restaurant sectors is boosting the segment growth
• The healthcare segment will witness the highest growth from 2021 to 2028. The increasing need to streamline the payment process, manage entry of new patients, process COVID-19 patient information, and schedule vaccination across the healthcare sector during the pandemic is estimated to drive the product demand
• The increasing demand for POS terminals with a comprehensive solution, such as business management solution, in addition to payment transaction function, is anticipated to boost the market growth
• The market in Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028. The rising product demand from the retail sectors of countries like China, India, and Japan is augmenting the market growth
• Moreover, fine dining and other forms of restaurants in the foodservice sector is booming in major cities of Asian countries, thereby bolstering the product demand
• The major key players dominate the market with their presence and services across the world

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Point-Of-Sale Terminals Market Segmentation

Grand View Research has segmented the global point-of-sale terminals market on the basis of product, component, deployment, application, and region:

POS Terminals Product Outlook (Revenue, USD Million, 2016 - 2028)

• Fixed
• Mobile

POS Terminals Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
• Software
• Services

POS Terminals Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-Premise
• Cloud

POS Terminals Application Outlook (Revenue, USD Million, 2016 - 2028)

• Restaurants
• Hospitality
• Healthcare
• Retail
• Warehouse
• Entertainment
• Other

POS Terminals Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA

List of Key Players of Point-Of-Sale (POS) Terminals Market

• Ingenico Group (acquired by Worldline)
• NCR Corp.
• VeriFone Systems, Inc.
• PAX Technology, Inc.
• Fujian Newland Payment Technology Co. Ltd.
• Revel System, Inc.
• Oracle Corp.
• ShopKeep

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.

Human Resource Management Market Estimated To Flourish By 2028: Grand View Research Inc.

 Human Resource Management Market Growth & Trends

The global human resource management market size is expected to reach USD 43.29 billion by 2028, registering a CAGR of 12.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing adoption of HR software to enhance, simplify, and improve HR operations is expected to drive the growth of the market. Enterprises have recognized incorporating a goal-oriented model into workforce operations as one of the future trends in human resource management (HRM). Companies have also realized that the enterprise can be driven toward achieving collective goals by promoting corporate culture among employees. Hence, organizations are gradually adopting various innovative HR tools to execute and establish these objectives, thereby driving the growth of the HRM market.

The human resource management function has been evolving rapidly over the past decade in line with the advances in technology. The continued deployment of the latest technologies, such as predictive analytics and Artificial Intelligence (AI), which can potentially help both employees and employers in mitigating the inherent challenges in managing work, is also poised to benefit organizations. For instance, NICE Ltd. has made significant investments in solutions based on AI and ML, which have been embedded into the company’s core workforce management solution. Furthermore, automated workforce optimization, which has gained traction across all industries and industry verticals in the wake of the COVID-19 pandemic, is expected to emerge as the preferred option, even during the post-pandemic era. AI-based workforce optimization leverages AI to forecast the variations in demand, generates employee schedules, and matches the workforce against the workload.

Due to the continued globalization, HRM solution providers are focusing on leveraging the advances in technology and enhancing their software solutions in line with the changing requirements of the customers. Market players are also investing in R&D activities to provide HRM solutions that are easy to deploy and understand and can potentially increase work efficiency. Key market participants providers, such as Oracle Corp. and SAP SE, have started offering their products on the cloud as part of the efforts to eliminate the need for frequent system upgrades.

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Human Resource Management Market Report Highlights

• The need to overcome the challenge of finding the right talent is expected to drive the talent management software market growth over the next few years. The segment is expected to grow at a CAGR of over 14%
• The post-COVID effects are likely to be witnessed as many organizations have given the option of working remotely to their employees even after the pandemic is over. Such trends are expected to increase the deployment of hosted HRM software, thereby driving the segment growth over the forecast period
• Advances in the latest technologies, such as AI and Internet of Things (IoT), and the continued implementation of these technologies in HR analytics are expected to drive the market over the forecast period
• The continued rollout of internet connectivity and favorable initiatives being pursued by various governments to encourage the adoption of digital technologies and mobile applications to enhance organizational productivity are expected to contribute to the market growth
• The growing adoption of HR analytics and its integration with HRM solutions to make better and informed decisions is expected to play a vital role in driving the HRM market growth

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Human Resource Management Market Segmentation

Grand View Research has segmented the global human resource management market based on component, software, service, deployment, enterprise size, end-use, and region:

Human Resource Management Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service

Human Resource Management Software Outlook (Revenue, USD Million, 2017 - 2028)

• Core HR
• Employee Collaboration & Engagement
• Recruiting
• Talent Management
• Workforce Planning & Analytics
• Others

Human Resource Management Service Outlook (Revenue, USD Million, 2017 - 2028)

• Integration & Deployment
• Support & Maintenance
• Training & Consulting

Human Resource Management Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• Hosted
• On-premise

Human Resource Management Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)

• Large Enterprise
• Small & Medium Enterprise (SME)

Human Resource Management End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Academia
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Human Resource Management Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • UK.
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • Singapore
  • Thailand
  • Hong Kong
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of Human Resource Management Market

• Accenture
• ADP, Inc.
• Cezanne HR Ltd.
• Ceridian HCM Holding, Inc.
• International Business Machines Corp. (IBM)
• Kronos Incorporated (now Ultimate Kronos Group)
• Mercer LLC
• NetSuite, Inc.
• Oracle
• PwC
• SAP SE
• Talentsoft
• UKG, Inc.
• Workday, 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.

Veterinary Diagnostics Market will be Worth USD 14.6 Billion by 2028: Grand View Research Inc.

 Veterinary Diagnostics Market Growth & Trends

The global veterinary diagnostics market size is expected to reach USD 14.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.5% from 2021 to 2028. The growing incidence of zoonotic and foodborne diseases is expected to drive the market over the forecast period. Moreover increasing companion ownership in developing countries is another factor propelling the market.

On a global level, animal product consumption is witnessing a surge. This is supported by increasing human population, per capita income, and animal health awareness in the developing nations. Due to all these elements, the global demand for animal diagnostics has pushed up. The In-vitro (IVD) test kits and analyzers are rapidly filling the market. Apart from that, there is growth observed in the point of care treatments for animals as it provides convenience for the animals and their caretakers. Moreover, the shift towards advanced test techniques such as immune and molecular diagnostics, hematology, and nanotechnology which are quick and efficient in producing the results is further propelling market growth.

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Veterinary Diagnostics Market Report Highlights

• The consumables segment held the largest revenue share in 2020 owing to increased usage of consumables in point of care diagnostics
• Under the species segment, canine held the major revenue share in 2020 followed by feline and porcine. The growth can be attributed to increasing healthcare expenditure and growing companion ownership
• The pathology segment held the largest revenue share in 2020 owing to increasing demand for diagnostic consumables and instruments utilized during laboratory testing and the growing volume of pathology tests performed for production animals, avians, and pets
• The non-infectious diseases segment accounted for the largest revenue share in the diseases segment in 2020. But the number of hereditary, congenital, structural, and functional diseases in livestock and companion animals is increasing worldwide
• The point of care segment is expected to show the fastest growth over the coming years. This growth is due to rapidity, efficiency, and user convenience offered by point of care testing
• Asia Pacific is expected to emerge as the fastest-growing region in this market space. Moreover, the U.S. is observed to have the highest number of companies dealing in this space, which in turn, has contributed to the largest share of the market in North America in 2020
• The global meat production is also expected to rise tremendously due to an increase in the per capita income of people in emerging nations, the need for animal protein, and escalating human population
• The upcoming tools and techniques in veterinary diagnostics space are nucleic acid, non-PCR techniques, biosensors, fluorescence polarization technology, whole genome sequencing (WGS), biomarkers, nanotechnology, digitalization and big data use, wearables and apps such as Vet on Demand, Treat, Pet life, and Pet+Pixie

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Veterinary Diagnostics Market Segmentation

Grand View Research has segmented the global veterinary diagnostics market on the basis of product, species, testing category, disease type, end use, and region:

Veterinary Diagnostics Product Outlook (Revenue, USD Million, 2016 - 2028)

• Consumables, Reagents & Kits
• Instruments & Devices

Veterinary Diagnostics Species Outlook (Revenue, USD Million, 2016 - 2028)

• Cattle
• Canine
• Feline
• Caprine
• Equine
• Ovine
• Porcine
• Avian
• Others

Veterinary Diagnostics Testing Category Outlook (Revenue, USD Million, 2016 - 2028)

• Analytical Services
• Diagnostic Imaging
• Bacteriology
• Pathology
• Molecular Diagnostics
• Immunoassays
• Parasitology
• Serology
• Virology

Veterinary Diagnostics Disease Type Outlook (Revenue, USD Million, 2016 - 2028)

• Infectious Diseases
• Non-Infectious Diseases
• Hereditary, Congenital and Acquired Diseases
• General Ailments
• Structural and Functional Diseases

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

• Laboratories
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities

Veterinary Diagnostics Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Veterinary Diagnostics Market

• Zoetis
• Heska Corporation
• IDEXX Laboratories Inc.
• Agrolabo S.p.A
• IDvet
• Virbac
• Thermo Fisher Scientific Inc.
• Neogen Corporation
• Covetrus
• iM3Vet Pty 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.

Circulating Tumor Cells Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing by 2028

 

Circulating Tumor Cells Market Growth & Trends

The global circulating tumor cells market size is expected to reach USD 18.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.7% from 2021 to 2027. Many potential applications of CTCs in pre-diagnosis, pretreatment, and intra- and post-treatment provide lucrative growth opportunities to players involved in the development of CTC enrichment and isolation products Research organizations are engaged in endeavors aimed at developing CTC-based tests to improve cancer diagnosis in terms of efficiency and speed.

Furthermore, the growing demand for minimally invasive diagnostic procedures is anticipated to propel investments by key stakeholders in this area. CTC-based liquid biopsy tests lead to limited trauma and enable rapid recovery owing to their non-invasive nature. Moreover, it enables minimal invasive screening of tumors before opting for complex surgical procedures, such as radiotherapy, chemotherapy, and surgical removal of tumors, thus positively impacting the adoption.

The limited applicability of these cells in rare cancers has hampered the revenue growth up to a certain extent. For instance, there is negligible evidence for the characterization of CTCs for sarcoma. Conversely, several methods are being investigated for the isolation of these cells, such as methods based on epithelial antigen-targeted antibodies, which are anticipated to help overcome these challenges in the coming years.

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Circulating Tumor Cells Market Report Highlights

• The CTC detection and enrichment methods accounted for the largest revenue share owing to the presence of wide availability of products for CTC enrichment and isolation
• Moreover, high penetration in terms of usage of products offered under this segment has driven the segment share
• The growing application of nanomaterials in cancer management is anticipated to drive revenue for direct detection methods in the coming years
• The devices and systems segment dominated the market in terms of revenue share in 2020 over its counterpart segments including kits and reagents and blood collection tubes
• The presence of high-throughput automated systems coupled with the availability of a substantial number of systems to carry out detection of tumor cells has contributed to a large revenue share
• CTC analysis has major applications in research settings, including investigational research, drug developments, and biomarker studies. This has resulted in a segment’s large revenue share
• Currently, whole blood specimens are the key source of CTCs, thus accounting for the largest share in 2020
• Low use of bone marrow-derived cells in clinical settings has contributed to a smaller revenue share of this segment
• Other sources include CSF, spinal fluids, urine, and pleural effusion
• Easy availability of biological specimens, such as urine, is likely to accelerate adoption under this segment
• The market is fragmented in nature with the presence of well-established players, along with medium to small-sized players

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Circulating Tumor Cells Market Segmentation

Grand View Research has segmented the global Circulating Tumor Cells market on the basis of technology, application, product, specimen, and region:

CTCs Technology Outlook (Revenue, USD Million, 2018 - 2027)

• CTC Detection & Enrichment Methods
  • Immunocapture (Label-based)
    • Positive Selection
    • Negative Selection
  • Size-based Separation (Label-free)
    • Membrane-based
    • Microfluidic-based
  • Density-based Separation (Label-free)
  • Combined Methods (Label-free)
• CTC Direct Detection Methods
  • SERS
  • Microscopy
  • Others
• CTC Analysis

CTCs Application Outlook (Revenue, USD Million, 2018 - 2027)

• Clinical/ Liquid Biopsy
  • Risk Assessment
  • Screening and Monitoring
• Research
  • Cancer Stem Cell & Tumorogenesis Research
  • Drug/Therapy Development

CTCs Product Outlook (Revenue, USD Million, 2018 - 2027)

• Kits & Reagents
• Blood Collection Tubes
• Devices or Systems

CTCs Specimen Outlook (Revenue, USD Million, 2018 - 2027)

• Blood
• Bone Marrow
• Other Body Fluids

CTCs Regional Outlook (Revenue, USD Million, 2018 - 2027)

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

List of Key Players of Circulating Tumor Cells (CTCs) Market

• QIAGEN
• Bio-Techne Corporation
• Precision for Medicine
• AVIVA Biosciences
• BIOCEPT, Inc.
• BioCEP Ltd.
• Fluxion Biosciences, Inc.
• Greiner Bio One International GmbH
• Ikonisys Inc.
• Miltenyi Biotec
• IVDiagnostics
• BioFluidica
• Canopus Bioscience Ltd.
• Biolidics Limited
• Creativ MicroTech, Inc.
• LungLife AI, Inc.
• Epic Sciences
• Rarecells Diagnostics
• ScreenCell
• Menarini Silicon Biosystems
• LineaRx, Inc. (Vitatex, Inc.)
• Sysmex Corporation
• STEMCELL Technologies, 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.

Preterm Birth And PROM Testing Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Preterm Birth And PROM Testing Market Growth & Trends

The global preterm birth and PROM testing market size is expected to reach USD 1.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.0% from 2021 to 2028. Key factors that can be attributed to market growth are rising number of preterm births in developed and emerging economies, improving access to advanced neonatal and maternal care facilities, and introduction of new POC diagnostic products over the forecast period.

Preterm births are not specific to a particular geography and have been recognized as a worldwide concern. The risk of preterm births typically escalates with increasing average age of pregnant women. With growing awareness about preterm births and its consequence, the tendency of pregnant women to enroll for Premature Rupture of Membranes (PROM) testing during their pregnancy is anticipated to increase, for reassurance and monitoring of symptoms of preterm birth.

Point-of-Care (POC) diagnostics have drastically altered the methodology of testing in various fields. With the help of advanced technology, devices are able to assess analytes in a given sample. Companies are focusing on R&D to increase specificity and sensitivity of devices, which lowers the error rate. Hence, emphasis is being given to reducing sample size required for other medical testing.

Many low-income states like Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh have low utilization of public healthcare services for female infants. Despite the availability of free healthcare services, only approximately 41% of admissions to the SNCUs are female infants. Hence, many states have banned gender revelation to the family before birth. India is the only large country where more female infants die than males. UNICEF plans to intervene by strengthening the health infrastructure, and reducing inequities of healthcare services, and improve healthcare outcomes.

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Preterm Birth And PROM Testing Market Report Highlights

• By test type, the ultrasound segment dominated the market in 2020, as it is one of the most preferred technologies for tracking fetal development and maternal health
• Techniques such as Placental Alpha-Microglobulin-1 (PAMG-1) are gaining prominence due to better reliability in predicting the risk of preterm births
• North America held the largest revenue share in 2020 owing to higher incidence of pregnancies in the above 35 years age group and well-developed infrastructure to manage high-risk pregnancies
• As per the American College of Obstetricians and Gynecologists (ACOG), in the U.S., nearly 12.0% of childbirths are preterm, which lead to higher hospitalization and treatment costs
• In Asia Pacific, the market is projected to witness the highest CAGR over the forecast period. This can be attributed to high population growth in countries such as India and China

Access Press Release@ https://www.grandviewresearch.com/press-release/global-preterm-birth-prom-testing-market

Preterm Birth And PROM Testing Market Segmentation

Grand View Research has segmented the global preterm birth and PROM testing market on the basis of test type and region:

Preterm Birth And PROM Testing Type Outlook (Revenue, USD Million, 2016 - 2028)

• Pelvic exam
• Ultrasound
• Biochemical Markers
  • Interleukin (IL)-6
  • C-Reactive Protein (CRP)
  • IL-1, IL-2, IL-8, TNF-a
  • Corticotropin-Releasing Hormone (CRH)
  • Alpha-fetoprotein (AFP)
• Uterine Monitoring
• Nitazine Test
• Ferning Test
• Pooling
• PAMG-1 Immunoassay
• IGFBP Test
• Fetal Fibronectin (fFN)
• Others

Preterm Birth And PROM Testing Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Preterm Birth And PROM Testing Market

• Qiagen N.V.
• Hologic, Inc.
• Cooper Surgical Inc.
• Abbott
• Medixbiochemica
• Sera prognostics
• Clinical Innovations, LLC
• Biosynex
• NX Prenatal, Inc.
• IQ Products

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.

Automated Test Equipment Market to Observe Strong Development by 2028: Grand View Research Inc.

 Automated Test Equipment Market Growth & Trends

The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market.

Miniaturization has spurred demand across various semiconductor manufacturing companies. Additionally, considerable technological advancements coupled with design complexity and the need for adequate testing is expected to positively impact the growth. Developments in semiconductor manufacturing processes along with expansion of wireless networks in developing nations is expected to provide significant growth opportunities for the global market.

The growth of ATE market is primarily driven by semiconductor manufacturing companies which focus on cost-effective testing. Semiconductor manufacturing companies no longer consider fabrication costs as a factor for profit margin in semiconductor chip manufacturing. Semiconductor companies focus on improving their fabrication technology and look for efficient ways of testing to reduce losses due to damages. Advancements in smartphones, tablets, and SoC-based products is creating demand for greater functionality in ATE. As connected devices get smaller, more powerful, and multifaceted; they face design, application, and fabrication challenges, increasing the product demand.

Increasing design complexities along with major technological inventions such as advanced Design for Test (DFT) and adaptive testing are some of the key factors driving the automatic test equipment market. Moreover, recent innovations in Internet of Things (IoT) devices, autonomous vehicles, along with significant changes in the defense and aerospace sectors have significantly transformed the market dynamics.

Non-memory automated test equipment product segment is expected to hold significant market share over the forecast period owing to the increasing number of microcontroller-based applications and demand of the automotive sector. Revenue from IT and telecommunications sector is projected to witness significant growth in the forthcoming years. Asia Pacific accounted for the largest market share in 2019 and is expected to register the fastest growth over the forecast period, owing to the rising number of semiconductor industries in the region. Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; and Teradyne Inc.

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Automated Test Equipment Market Report Highlights

• The growth of automated test equipment market is driven by the significant use of the test equipment in automotive and semiconductor industry
• In the product segment, Non-memory ATE held the largest market share in 2019 and is estimated to witness the second-fastest growth over the forecast period owing to the expansion of consumer electronics, growing number of microcontroller-based application, and other such factors
• In the vertical segment, IT and telecommunication is estimated to continue holding the largest market share in the forthcoming years, owing to the increased focus on effective communication
• The automotive segment is expected to witness considerable growth over the forecast period owing to the increasing integration of the electronic devices in the automobile industry
• North America is estimated to witness substantial growth over the forecast period owing to the high investment in aerospace and defense couple with technological innovations
• Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; Aeroflex Inc. (a subsidiary of Cobham plc); Astronics Corporation; Advantest Corporation; LTX-Credence Corporation (Xcerra Corporation); Teradyne Inc.; STAr Technologies Inc. (a subsidiary of Innotech Corporation); Tesec Corporation; Roos Instruments, Inc.; Marvin Test Solutions Inc.; and Danaher Corporation. Teradyne Inc.; LTX-Credence Corporation (Xcerra Corporation); and Advantest Corporation dominated majority of global market share

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

Automated Test Equipment Market Segmentation

Grand View Research has segmented the global automated test equipment market on the basis of product, vertical, and region:

Automated Test Equipment Product Outlook (Revenue, USD Million, 2017 - 2028)

• Non-Memory ATE
• Memory ATE
• Discrete ATE

Automated Test Equipment Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• Consumer
• Aerospace & Defense
• IT & Telecommunications
• Others

Automated Test Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Singapore
  • Malaysia
• South America
  • Brazil
• Middle East & Africa

List of Key Players of Automated Test Equipment Market

• Aemulus Holdings Bhd (“Aemulus”)
• Chroma ATE Inc.
• Aeroflex Inc. (a subsidiary of Cobham plc)
• Astronics Corporation
• Advantest Corporation
• LTX-Credence Corporation (Xcerra Corporation)
• Teradyne Inc.
• STAr Technologies Inc. (a subsidiary of Innotech Corporation)
• Tesec Corporation
• Roos Instruments, Inc.
• Marvin Test Solutions Inc.
• Danaher 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.

COVID-19 Antigen Test Market Pegged For Strong Growth During 2021-2027: Grand View Research Inc.

 COVID-19 Antigen Test Market Growth & Trends 

The global COVID-19 antigen test market size is expected to reach USD 8.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 6.7% from 2021 to 2027. A COVID-19 antigen test can help fill the gap in the testing landscape by enabling fast diagnoses in clinical settings. With the rising number of new infection cases coupled with the increasing popularity of antigen testing, a substantial number of companies are making significant attempts to boost their market presence in this arena, thereby driving the market.

Antigen-based screening for acute phase diagnosis is gaining momentum, as antigens are more evident in the sputum from the onset of symptoms. Moreover, integration of antigen detection in disease screening enables its use for PoC, community-wide, or door-to-door testing. This mode of testing can deliver results in real-time, and thus, help accelerate patient admission and treatment processes, leading to improved patient outcomes.

With the expected decline in COVID-19 cases, PoC tests can become critical in the determination of infected individuals and asymptomatic carriers to assure their isolation from the general population. While this test mode is currently unavailable for large-scale use, both private and public organizations across the globe are working on prototypes, with over 50 currently in development.

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COVID-19 Antigen Test Market Report Highlights

• The services segment dominated the market and accounted for the largest revenue share in 2020 owing to the increasing usage of Rapid Antigen Tests (RATs) by service providers including labs, hospitals, and others
• The reagents and kits segment is anticipated to register the fastest CAGR over the forecast period due to the rising popularity of self-administered test kits
• The clinics and hospitals segment dominated the market in 2020 with the highest test penetration in terms of usage in this end-use segment
• The home care segment is projected to grow at a lucrative pace during the forecast period owing to the increased approval of over-the-counter tests with no prescription required
• In Asia Pacific, the market captured maximum revenue share in 2020 with India as one of the key users of antigen tests
• On the contrary, the approval and adoption of antigen tests in western countries is relatively slow
• However, with the increase in the number of cases, in the U.S., key diagnostic developers have begun antigen test development and are planning to ship test kits in bulk to healthcare practitioners
• The key players are engaged in collaboration with biopharma developers to support their product development process

Access Press Release@ https://www.grandviewresearch.com/press-release/global-covid-19-antigen-tests-market

COVID-19 Antigen Test Market Segmentation

Grand View Research has segmented the global COVID-19 antigen test market on the basis of product and service, end use, and region:

COVID-19 Antigen Test Product & Service Outlook (Revenue, USD Million, 2020 - 2027)

• Platforms
• Reagents & Kits
• Services

COVID-19 Antigen Test End-use Outlook (Revenue, USD Million, 2020 - 2027)

• Clinics & Hospitals
• Home Care
• Diagnostic Labs
• Others

COVID-19 Antigen Test Regional Outlook (Revenue, USD Million, 2020 - 2027)

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

List of Key Players of COVID-19 Antigen Test Market

• Abbott
• SD Biosensor Inc.
• Mylab Discovery Solutions Pvt Ltd.
• Vishat Diagnostic Pvt. Ltd
• GenBody Inc.
• Hoffmann-La Roche AG
• Access Bio., Inc.
• ADS biotech Inc.
• PerkinElmer, Inc.
• Princeton BioMeditech Corporation
• Becton, Dickinson and Company
• Diasorin S.P.A
• Quidel Corporation
• Laboratory Corporation Of America

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.