Cancer Biopsy Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Cancer Biopsy Market Growth & Trends

The global cancer biopsy market size is expected to reach USD 44.51 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 11.13% from 2021 to 2027. The expanding landscape of molecular medicine paved the way for the development of new devices for the molecular characterization of cancers. Thus, increasing adoption and product approvals for liquid biopsies are expected to drive the overall market.

The kits and consumables product segment is expected to maintain its lead in the years to come. Acknowledging this trend, various market players have invested in the development of novel kits in order to expand their biopsy kits portfolio. For instance, in April 2021, Sysmex Europe GmbH, along with Sysmex Inostics GmbH, introduced Plasma-SeqSensei liquid biopsy research use only (RUO) kits in EMEA.

The tissue biopsies segment emerged as the dominant type segment in 2020. Shortcomings of liquid biopsies such as the lack of robust efficacy evaluations and associated high costs are currently bridged by tissue biopsies. This has made tissue biopsy a gold-standard procedure in the present diagnostic scenario.

Liquid biopsies are expected to offer lucrative opportunities in the field of oncology-based personalized medicine and genomic data analysis. Recognizing the potential of these tests, the regulatory bodies are actively supporting the commercialization of these products and increasing the use of these assays in clinics. For instance, in November 2020, the FoundationOne Liquid CDx test was approved by the U.S. FDA as a companion diagnostic device for multiple cancers.

The liquid biopsies segment is expected to expand at an exponential rate in the coming years, wherein increasing investments and strategic initiatives by companies involved in biopharmaceutical manufacturing and genomic data analysis are expected to play a central role. The emerging companies are inclined towards collaborating with well-established industry participants, including SOPHiA Genetics, QIAGEN Bioinformatics, Agilent Technologies, and Fabric Genomics. This trend is further expected to favor the overall market growth.

Key players are focusing on developing novel biopsy platforms, set to achieve business expansion, further contributing to the revenue generation in the market. In March 2021, Quick-Core Auto Biopsy System for biopsy procedure soft tissue biopsy was launched by IZI Medical Products. This product is fully automated, which is built based on the company’s proprietary semi-automatic system, Quick-Core.

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Cancer Biopsy Market Report Highlights

• By product, kits and consumables accounted for the largest revenue share in 2020 and are anticipated to maintain its lead throughout the forecast period. The adoption of kits and consumables is expected to increase owing to the significant transition from tumor to liquid biopsy
• Based on type, tissue biopsies are still considered to be a mainstay of biopsies and are largely adopted across various diagnosis applications. Additionally, tumor biopsy is most adopted for diagnosis on individual levels, along with monitoring the effects of an ongoing oncology treatment
• North America held the largest revenue share in 2020 owing to the concentrated pool of active organizations and cancer foundations. The strong network of government organizations and private cancer foundations in the U.S. has made significant contributions to the regional revenue generation capacity
• In terms of application, breast cancer dominated the global market in 2020 and is expected to maintain its lead throughout the forecast period. Open surgical biopsy is considered to be a reference standard for the evaluation of patients with a suspicious breast lesion. This is attributed to its proven accuracy in diagnosing breast lesions, further contributing to the revenue generated by this segment

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Cancer Biopsy Market Segmentation

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

Cancer Biopsy Product Outlook (Revenue, USD Million, 2018 - 2027)

• Instruments
• Kits and Consumables
• Services

Cancer Biopsy Type Outlook (Revenue, USD Million, 2018 - 2027)

• Tissue Biopsies
  • Needle Biopsies
    • Fine Needle Aspiration (FNA)
    • Core Needle Biopsy (CNB)
  • Surgical Biopsies
• Liquid Biopsies
• Others

Cancer Biopsy Application Outlook (Revenue, USD Million, 2018 - 2027)

• Breast Cancer
• Colorectal Cancer
• Cervical Cancers
• Lung Cancers
• Prostate Cancers
• Skin Cancers
• Blood Cancers
• Kidney Cancers
• Liver Cancers
• Pancreatic Cancers
• Ovarian Cancers
• Others

Cancer Biopsy Regional Outlook (Revenue, USD Million, 2018 - 2027)

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

List of Key Players of Cancer Biopsy Market

• Qiagen N.V.
• Illumina, Inc.
• ANGLE Plc
• BD (Becton, Dickinson And Company)
• Myriad Genetics
• Hologic, Inc.
• Biocept, Inc.
• Thermo Fisher Scientific, Inc.
• Danaher
• Hoffmann-La Roche Ltd.
• Lucence Diagnostics Pte. Ltd.
• GRAIL, Inc.
• Guardant Health
• Exact Sciences Corporation
• Freenome Holdings, Inc.
• Biodesix (Integrated Diagnostics)
• Oncimmune
• Epigenomics AG
• HelioHealth (Laboratory for Advanced Medicine)
• Genesystems, Inc. (Genesys Biolabs)
• Chronix Biomedical, Inc.
• Personal Genome Diagnostics Inc.
• Natera, Inc.
• Personalis Inc.

About Grand View Research

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

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

 Smart Retail Market Growth & Trends

The global smart retail market size is expected to reach USD 134,347.9 million by 2028, registering a CAGR of 27.7% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The growth is attributed to the Increasing adoption of latest technologies, such as Virtual Reality (VR), Augmented Reality (AR), Artificial Intelligence (AI), and Internet of Thing (IoT), to enhance in-store shopping experience, increasing investments in retail industry, and growing preference for cashless transactions. Moreover, retailers are increasingly adopting analytical solutions to ensure a competitive edge over their competitors by improving business operations and better understanding their customers. The growing adoption of analytics, which can potentially augment profitability across physical and online stores, is anticipated to drive the growth of the smart retail market over the forecast period. The potential use of robots for providing in-store customer service is also expected to contribute to the growth of the market.

The COVID-19 outbreak has significantly affected businesses such as conventional retail, travel, and manufacturing. However, it has opened new opportunities for healthcare, food delivery, e-commerce, smart retail, and online gaming. On the other hand, the supply chains are in jeopardy and product shortages are becoming evident due to the lockdowns imposed in various parts of the world. As consumers begin to lose trust, companies are finding new ways to cater to the changing customer expectations. Demand for smart retail is experiencing growth owing to lockdowns and social distancing rules by government bodies. Businesses that were earlier using offline retailing are now turning to digital operations. Though majority business sectors globally have experienced the negative effects of the pandemic; technologies such as smart retail can bring businesses back on track as it provides better safety and easy purchase for consumers.

The retail industry in North America and Europe is mature and highly competitive while Asia Pacific, Latin America, and the Middle East and Africa have been particularly decisive in driving the growth of the market. Economic growth and growing investments by retailers and international brands have changed the overall retail landscape. The rising customer spending, which accounts for more than two-thirds of the GDP, is especially encouraging for retailers. Additionally, the growing penetration rate of disruptive technologies, such as IoT, AI, VR, and AR, is also playing a niche role in reshaping the retail industry.

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Smart Retail Market Report Highlights

• The hardware segment dominated the market in 2020 and is expected to reach USD 82,522.7 million by 2028
• The visual marketing segment dominated the market in 2020. The segment is expected to reach USD 35,958.2 million by 2028
• North America is projected to account for the majority market share and is expected to reach USD 43,636.2 million by 2028
• Some of the prominent participants in the industry are Amazon.com, Inc.; NCR Corporation; PAX Global Technology Limited; Ingenico; Fiserv, Inc.; Google LLC; Honeywell International Inc.; Huawei Technologies Co., Ltd.; LG Display Co., Ltd.; Intel Corporation; Samsung Electronics; Verifone Systems; and IBM Corporation

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Smart Retail Market Segmentation

Grand View Research has segmented the global smart retail market based on solution, application, and region:

Smart Retail Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Hardware
• Software

Smart Retail Application Outlook (Revenue, USD Million, 2018 - 2028)

• Visual Marketing
• Smart Label
• Smart Payment System
• Intelligent System
• Others (Robotics, analytics)

Smart Retail Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Smart Retail Market

• com, Inc.
• NCR Corporation
• PAX Global Technology Limited
• Ingenico, Fiserv, Inc.
• Google LLC
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• LG Display Co., Ltd.
• Intel Corporation
• Samsung Electronics
• Verifone Systems
• IBM 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.

Supply Chain Analytics Market Will Target Emerging Markets By 2028

 Supply Chain Analytics Market Growth & Trends

The global supply chain analytics market size is expected to reach USD 16.07 billion by 2028, registering a CAGR of 17.3% from 2021 to 2028, according to a new study by Grand View Research, Inc. The growing demand to manage the increasingly large volumes of business data and use insights derived from it for strategic applications are triggering the demand for supply chain analytics (SCA). The increasing awareness among enterprises about the benefits offered by supply chain analytics in improving visibility across the entire supply chain is instrumental in driving the demand for analytics solutions.

SCA solutions enable enterprises to achieve growth, enhance profitability, and increase market share by utilizing the derived insights in making strategic decisions. Improved visibility across the supply chain can help organizations enhance sustainability, reduce inventory cost, and accelerate the time-to-market for products in the long run. Factors such as shortening product life cycles, low visibility in traditional supply chains, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands necessitate supply chain optimization, thereby driving the market growth.

The increased availability of cloud-based SCA solutions has triggered their demand among small and medium enterprises owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility and mobility offered by these solutions. Another notable trend in the market is the increased demand for risk analytics solutions across all industries. Risk analytics solutions address multiple issues associated with the supply chain by providing an analysis of scenario and sensitivity, stochastic optimization, and risk mitigation.

Improved effectiveness of business outcomes and cost-effectiveness of supply chain management resulting from the adoption of supply chain analytics is also expected to encourage the adoption of SCA solutions in several end-use applications. Demand is expected to remain strong across application areas such as retail and consumer goods, healthcare, and manufacturing. Moreover, the ability of supply chain analytics to enable effective and efficient management of end-to-end business processes is expected to propel the market growth over the forecast period.

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Supply Chain Analytics Market Report Highlights

• In terms of solution, the sales and operations analytics segment is anticipated to register considerable growth over the forecast period. This growth can be attributed to the growing use of machine learning in supply chain analytics solutions to dissect and aggregate data and produce predictive, descriptive, and prescriptive insights
• In terms of service, the professional segment dominated the market in 2020 and is expected to retain its dominance over the forecast period. The growing automation of professional services due to the adoption of big dataand analytics, coupled with the increasing demand for improved mobility among service consultants, is expected to drive the growth of the segment
• In terms of deployment, the cloud segment is anticipated to register the highest CAGR from 2021 to 2028. Cloud-based solutions allow businesses to access data across connected devices at any point, which increases the scope for customization and enables the implementation of analytical tools across multiple business channels.
• In terms of enterprise size, the large enterprise segment is anticipated to register promising growth over the forecast period. This growth can be attributed to the rising demand for robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making across large organizations
• In terms of end use, the high technology product segment is expected to register a promising growth rate from 2021 to 2028. This growth can be attributed to the increasing demand for advanced technology products and the increasing import and export of these high technology products worldwide
• In terms of region, the North America region dominated in 2020. The regional market is expected to retain its dominance over the forecast period, chiefly owing to the presence of a large number of SCA service providers in the region

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Supply Chain Analytics Market Segmentation

Grand View Research has segmented the global supply chain analytics market based on solution, service, deployment, enterprise size, end use, and region:

Supply Chain Analytics Solution Outlook (Revenue, USD Million. 2018 - 2028)

• Logistics Analytics
• Manufacturing Analytics
• Planning & Procurement
• Sales & Operations Analytics
• Visualization & Reporting

Supply Chain Analytics Service Outlook (Revenue, USD Million. 2018 - 2028)

• Professional
• Support & Maintenance

Supply Chain Analytics Deployment Outlook (Revenue, USD Million. 2018 - 2028)

• Cloud
• On-premise

Supply Chain Analytics Enterprise Size Outlook (Revenue, USD Million. 2018 - 2028)

• Large Enterprise
• Small & Medium Enterprises

Supply Chain Analytics End-use Outlook (Revenue, USD Million. 2018 - 2028)

• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Transportation
• Aerospace & Defense
• High Technology Products
• Others

Supply Chain Analytics Regional Outlook (Revenue, USD Million. 2018 - 2028)

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

List of Key Players in the Supply Chain Analytics Market

• Accenture PLC
• Aera Technology
• Birst, Inc.
• Capgemini SA
• Genpact Limited
• International Business Machines Corporation
• JDA Software Group, Inc.
• Kinaxis
• Lockheed Martin Corporation
• Maersk Group
• Manhattan Associates, 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.

Surge Protection Devices Market Trends Regulations And Competitive Landscape Outlook to 2028

 Surge Protection Devices Market Growth & Trends

The global surge protection devices market size is expected to reach USD 4.41 billion by 2028, registering a CAGR of 8.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing need to protect electrical equipment from surges is primarily expected to drive the growth of the market. The high costs associated with electrical equipment downtime are also expected to drive the adoption of surge protection devices (SPDs) over the forecast period. The growing awareness among consumers about safeguarding electronic appliances from potential surges also bodes well for the growth of the market.

Surge protection devices are critical for businesses and both residential and commercial establishments. SPDs help in protecting consumer electronics and electrical equipment from voltage fluctuations. SPDs are available in various types and are used in an electrical distribution system depending on the requirement posed by the location. SPDs also safeguard electrical equipment from the surges caused during lightning strikes.

Data centers store large volumes of critical data. As such, any downtime at data centers stemming from electrical surges could lead to heavy losses. As Asia Pacific continues to emerge as one of prominent destinations for outsourcing services, the number of data centers being established in the region is growing continuously. Investments in renewable energy projects are also gaining traction across Asia Pacific. Hence, the growing number of data centers and the aggressive investments in renewable energy projects in Asia Pacific are expected to drive the demand for SPDs in the region.

The rising levels of disposable income especially in developing economies are allowing individuals to spend more on premium consumer electronics. However, given that consumer electronics are susceptible to internal surges, it is essential to safeguard them, thereby driving the need for SPDs. Particularly in developed economies, where the information technology industry is well established, surge protection devices are being used on a large scale to protect the IT infrastructure, including servers, desktops, and electrical supply equipment, which also bodes well for the growth of the market over the forecast period.

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Surge Protection Devices Market Report Highlights

• The hard-wired segment is estimated to emerge as the largest segment market over the forecast period as hard-wired SPDs are primarily used for protecting various electrical equipment and devices from surges
• The Type 1 segment is expected to register the highest CAGR over the forecast period. Type 1 SPDs are particularly used to protect electronic equipment from lightning surges
• The 50.1-100 kA segment is anticipated to witness significant growth over the forecast period in line with the rapid residential and commercial infrastructure development across the globe
• Industries and manufacturing units are the major end users of SPDs as they put a strong emphasis on preventing equipment downtime
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the aggressive investments to cater to the rising demand for energy in line with the growing population

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Surge Protection Devices Market Segmentation

Grand View Research has segmented the global surge protection devices market based on product, type, power rating, end-use, and region:

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

• Hard-wired
• Plug-in
• Line Cord
• Power Control Devices

Surge Protection Devices Type Outlook (Revenue, USD Million, 2016 - 2028)

• Type 1
• Type 2
• Type 3
• Type 4

Surge Protection Devices Power Rating Outlook (Revenue, USD Million, 2016 - 2028)

• 0-50 kA
• 1-100 kA
• 1-200 kA
• 1 kA and Above

Surge Protection Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Commercial Complexes
• Data Center
• Industries & Manufacturing Units
• Medical
• Residential Buildings & Spaces
• Telecommunication
• Transportation
• Others

Surge Protection Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Surge Protection Devices Market

• ABB
• General Electric
• Schneider Electric
• Eaton
• Legrand
• Emerson Electric Co.
• Siemens
• com
• Tripp Lite
• Vertiv Group 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.

Gallium Nitride Semiconductor Devices Market Size Is Expected To Reach USD 7.42 Billion by 2028

 Gallium Nitride Semiconductor Devices Market Growth & Trends

The global gallium nitride semiconductor devices market size is expected to reach USD 7.42 billion by 2028, registering a CAGR of 21.5% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The growing applications of gallium nitride in a wide variety of semiconductor devices are expected to augment the market growth. Additionally, the rapid technological advancements in the performance of GaN-based semiconductors are anticipated to promote market growth further. The demand for wireless communication devices, primarily in defense communication, is expected to drive the demand for gallium nitride semiconductors. Gallium nitride technology is being increasingly implemented for the development of amplifiers widely used in wireless communication, including Class E, Class F, and Class C power amplifiers.

Various aerospace and defense technology companies such as L3Harris Technologies, Inc.; Northrop Grumman Corporation; and BAE Systems are collaborating with government agencies for incorporating gallium nitride semiconductors in the military and radar applications. For instance, in February 2012, Northrop Grumman Corporation opened its Advanced Technology Laboratory for developing gallium nitride semiconductors for critical military programs. The company, along with the U.S. government, has invested more than USD 300 million for developing and integrating GaN semiconductors in military systems for enhancing the capabilities of space, aircraft, and ground defense communication systems. These factors are expected to drive the demand for GaN semiconductors across wireless applications.

In recent years, there has been an increase in demand for gallium nitride semiconductor devices in electric vehicle supply equipment such as onboard charging stations and EV charging kiosks. The lower switching frequency range of GaN devices makes them suitable for use in GaN-based DC-to-DC converters that are used in onboard charging stations, which bodes well for the growth of the gallium nitride semiconductor devices market. Furthermore, the on-going research and development activities worldwide aimed at the increased adoption of GaN devices in electric vehicles are anticipated to impact market growth significantly. For instance, in October 2019, Nagoya University launched an electric car that entirely uses gallium nitride semiconductor devices and named it All GaN Vehicle. This vehicle is 20% more efficient than current electric vehicles developed using SiC-based devices. In contrary, the ongoing COVID-19 pandemic has laid huge impact on sales and deployment of gallium nitride semiconductor devices in 2020. The impact of COVID-19 on the market is anticipated to be witnessed in coming months/ years.

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Gallium Nitride Semiconductor Devices Market Report Highlights

• The gallium nitride radio frequency devices segment is expected to expand at the highest CAGR from 2021 to 2028 as a result of the growing demand for these products from the military for applications such as Electronic Warfare (EW) systems and Active Electronically-Steered Array (AESA) radars
• The power ICs segment is anticipated to register a high CAGR over the forecast as a result of the increasing demand for power converters used in data centers that run on high voltage DC power distribution architecture
• The 8-inch wafer segment is anticipated to experience high traction owing to rising usage in automotive applications such as Infotainment Head Unit (IDU) and Advanced Driver Assistance Systems (ADAS)
• The growing popularity of autonomous vehiclesis boosting the demand for LiDAR sensors in driverless navigation systems that is anticipated to be a major factor boosting the growth of the automotive end use segment over the next eight years
• The Asia Pacific regional market is expected to emerge as the fastest-growing region, owing to the surge in demand for efficient and high-performance RF components and a surge in the electric vehicle production in countries China, Japan, and South Korea

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Gallium Nitride Semiconductor Devices Market Segmentation

Grand View Research has segmented the global Gallium Nitride (GaN) semiconductor devices market based on product, component, wafer size, end use, and region:

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

• GaN Radio Frequency Devices
• Opto-semiconductors
• Power Semiconductors

GaN Semiconductor Devices Component Outlook (Revenue, USD Million, 2016 - 2028)

• Transistor
• Diode
• Rectifier
• Power IC
• Others

GaN Semiconductor Devices Wafer Size Outlook (Revenue, USD Million, 2016 - 2028)

• 2-inch
• 4-inch
• 6-inch
• 8-inch

GaN Semiconductor Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Automotive
• Consumer Electronics
• Defense & Aerospace
• Healthcare
• Information & Communication Technology
• Industrial & Power
• Others

GaN Semiconductor Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Gallium Nitride (GaN) Semiconductor Devices Market

• Cree, Inc.
• Efficient Power Conversion Corporation
• Fujitsu Ltd.
• GaN Systems
• Infineon Technologies AG
• NexgenPowerSystems
• NXP Semiconductor
• Qorvo, Inc.
• Texas Instruments Incorporated
• Toshiba 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.

Point Of Sale Software Market Competitive Insight and Key Drivers 2021 to 2028: Grand View Research Inc.

 Point Of Sale Software Market Growth & Trends

The global point of sale software market size is expected to reach USD 19.56 billion by 2028, registering a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. Over the last few years, the restaurant industry has witnessed an uptick, largely favored by improving economy. However, restauranteurs are still facing challenges that could potentially hamper their performance as well as revenue. Moreover, the pandemic has hit the business substantially as countries went into lockdowns and travel & tourism came to a sudden halt. This, in turn, impacted the point of sale (POS) software business for the short term.

In addition, restaurant operators also face challenges in terms of complexities associated with order management while delivering the food on time and ensuring outstanding customer service. To meet the changing customer requirements and decrease the food as well as operational costs, restaurant operators are relying heavily on innovative technologies like restaurant software solutions that range from an all-in-one business management system to standalone POS terminals. The need to offer rapid and high-quality service to the customers while enabling easy guest management at restaurants is creating a pool of opportunities for market incumbents.

The industry is slowly making in-roads with the integration of technologies, such as cloud and artificial intelligence, with an aim to improve the existing ecosystem and help restaurants build an efficient work environment. The availability of these new technologies in one system helps restaurant operators to focus on their core competencies, thereby generating a profitable business output. Although the pandemic has hit the business negatively, an increase in demand for online orders is expected to favor the market growth over the next couple of years. Apart from restaurants, the industry is also expected to garner substantial profits from industries, such as retail and hospitality. The need for contactless payment options in the current scenario will play a vital role in driving POS software demand in the near future.

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Point Of Sale Software Market Report Highlights

• The global POS software market was valued at USD 9.26 billion in 2020. The business still has potential as the need for contactless payment options is on a rise amidst the pandemic
• The on-premise segment emerged as the preferred choice in 2020. Data security and the need to lower data exposure to third-party sources is expected to upkeep segment growth over the next few years
• The demand for POS software in Asia Pacific is estimated to register a CAGR exceeding 11.0% from 2021 to 2028
• The increasing digitization of business activities in countries like India, Malaysia, Singapore, Japan, and South Korea is expected to favor regional market growth. Moreover, the pandemic has been largely responsible for paving way for digital transformation in these economies, thereby creating opportunities for IT software & service providers.

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Point Of Sale Software Market Segmentation

Grand View Research has segmented the global point of sale software market on the basis of application, deployment mode, organization size, end-user, and region:

Point Of Sale Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Fixed
• Mobile

Point Of Sale Software Deployment Mode Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Point Of Sale Software Organization Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprise
• Small and Medium Enterprise (SME)

Point Of Sale Software End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Restaurants
• Hospitality
• Healthcare
• Retail
• Warehouse
• Entertainment
• Others

Point Of Sale Software Regional Outlook (Revenue, USD Million 2016 - 2028)

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

List of Key Players of Point Of Sale Software Market

• Clover Network, Inc.
• H&L POS
• IdealPOS
• Lightspeed
• NCR Corporation
• Oracle Micros
• Revel Systems
• SwiftPOS
• Square Inc.
• TouchBistro
• Toast 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.

Dermatology Devices Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Dermatology Devices Market Growth & Trends

The global dermatology devices market size is expected to reach USD 42.2 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 19.9% from 2021 to 2028., registering a CAGR of 15.1% over the forecast period. The product demand is expected to increase owing to rise in skin conditions and growing influence of social media.

Increasing incidences of skin disorders such as psoriasis, acne, eczema, and skin lesions across the globe are attributed to irregular lifestyles and food habits. Melanoma is the most deadly form of skin cancer that arises due to overexposure to the sun. Dermatology diagnostic equipment help in the early diagnosis of melanoma. High prevalence of this skin condition is anticipated to contribute to the market growth. For instance, in 2019, nearly 7,800 Canadians were estimated to be diagnosed with melanoma and nearly 1,300 Canadians were estimated to die due to melanoma.

Moreover, obesity has rapidly become a major health concern. Hence, fat removal procedures are increasingly being adopted. Liposuction is considered an effective treatment for obesity, which, in turn, drives the product demand. Rising disposable income and increased financial independence among women are also driving market growth. In addition, technological advancements in laser treatments increase its application scope, subsequently driving the product demand over the forecast period.

North America is projected to be the largest market globally through the forecast period. This is attributed to growing incidences of conditions such as eczema, which can be treated dermatologically. Growing popularity of cosmetic procedures such as cellulite and fat removal and scar removal is also projected to drive the growth of the regional market. On the other hand, Asia Pacific is projected to witness the fastest growth rate over the forecast period. Factors such as high medical tourism and increasing R&D activities are driving the Asia Pacific market.

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Dermatology Devices Market Report Highlights

• Treatment devices dominated the market in 2019 owing to the rise in awareness regarding various aesthetic procedures and products, which, in turn, leads to a rise in adoption of both surgical and non-surgical cosmetic procedures
• Laser devices accounted for the largest share in 2019 due to their wide application in a variety of disease and cosmetic treatments
• Skin cancer diagnosis held a substantial market share in 2019 owing to the high prevalence of this disease condition, particularly melanoma
• Skin rejuvenation is expected to witness lucrative growth over the forecast period owing to the increasing popularity of this treatment procedure
• Hospitals accounted for the largest share in 2019 owing to the rise in adoption of advanced infrastructure and enhanced services in these settings
• North America dominated the global dermatology devices market in 2019 due to increasing awareness of aesthetic procedures and rising beauty consciousness among the population
• Key market players include Alma Lasers GmbH; Cynosure, Inc.; Solta Medical, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Canfield Scientific, Inc.; 3Gen; Aesthetic Group; Ambicare Health; and Image Derm, Inc.

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Dermatology Devices Market Segmentation

Grand View Research has segmented the global dermatology devices market on the basis of  product, application, end use, and region:

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

• Diagnostic Devices
  • Dermatoscopes
  • Microscopes
  • Other Imaging Devices
  • Biopsy Devices
• Treatment Devices
  • Light Therapy Devices
  • Lasers
  • Electrosurgical Equipment
  • Liposuction Devices
  • Microdermabrasion Devices
  • Cryotherapy Devices

Dermatology Devices Market Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diagnostic Devices
  • Skin Cancer Diagnosis
  • Other
• Treatment Devices
  • Hair Removal
  • Skin Rejuvenation
  • Acne, Psoriasis, & Tattoo Removal
  • Wrinkle Removal & Skin Resurfacing
  • Body Contouring and Fat Removal
  • Cellulite Reduction
  • Vascular and Pigmented Lesion Removal
  • Others

Dermatology Devices Market End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

Dermatology Devices Market Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Dermatology Devices Market

• Alma Lasers GmbH
• Cynosure, Inc.
• Solta Medical, Inc.
• Cutera, Inc.
• Syneron Medical Ltd.
• Canfield Scientific, Inc.
• 3Gen
• Aesthetic Group
• Ambicare Health
• Image Derm, 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.

Stethoscope Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Stethoscope Market Growth & Trends

The global stethoscope market size is anticipated to reach USD 826.72 million by 2028, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Growing prevalence of cardiovascular and respiratory disorders, and increasing geriatric population are driving the market. Increase in incidence of numerous cardiovascular and pulmonary diseases in several countries is anticipated to impact market growth over the forecast period. Stethoscope is widely used for heart auscultation (listening to the heart sound) during diagnosis of cardiac illness. It is also used to primarily examine the condition of phlegm in the respiratory tract.

Moreover, growing elderly population has increased the demand for the medical device for the primary diagnosis of numerous chronic health ailments. According to the CDC, people aged above 65 years are at a higher risk of developing several chronic diseases. In addition, the world population aged 60 years and above is expected to increase from 900 million in 2015 to 2 billion in 2050 from. This is expected to boost the market.

Furthermore, several government initiatives, the introduction of new products, and incorporation of new technologies by market players, are likely to boost the market during the forecast period. For instance, 3M has launched ‘Single-Patient Stethoscope’ to overcome the issues related to disposable stethoscopes such as, inadequate audibility and discomfort faced by healthcare professionals. The device helps in minimizing the risk of cross-contamination while enhancing patient care.

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Stethoscope Market Report Highlights

• In terms of revenue, the teaching type segment dominated the market in 2019. The device is widely used for teaching/training purposes and is ideal for instructors and medical students
• The electronic type segment is expected to witness the highest CAGR of 5.5% from 2020 to 2027 owing to advanced features offered by the medical device such as, electronically amplified sound quality, audio recording, and reduced background noises for improved diagnosis
• North America dominated the market with the highest revenue share in 2019 owing to the presence of well-established healthcare facilities and increasing prevalence of numerous heart and lung associated diseases
• In Latin America, the market is expected to witness the highest CAGR of 5.3% from 2020 to 2027 due to increasing healthcare expenditure in most of the countries in the region.

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

Stethoscope Market Segmentation

Grand View Research has segmented the global stethoscope market on the basis of technology, sales channel, end-use, and region:

Stethoscope Technology Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Electronic/Digital
• Smart Stethoscope
• Traditional Acoustic Stethoscope

Stethoscope Sales Channel Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Distributors
• E-commerce
• Direct Purchase

Stethoscope Technology & Sales Channel, Criss-cross Matrix (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Electronic/Digital
  • Distributors
  • E-commerce
  • Direct Purchase
• Smart Stethoscope
  • Distributors
  • E-commerce
  • Direct Purchase
• Traditional Acoustic Stethoscope
  • Distributors
  • E-commerce
  • Direct Purchase

Stethoscope End-use Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Home healthcare
• Hospitals
  • Urgent Care
  • Surgery Centers
• Standalone Clinics
  • Cardiologists
  • General Practitioners
  • Others
• Nurse Practitioners
• EMT/ First Responders
• Veterinary

Stethoscope Technology & End-use Criss-cross Matrix (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Electronic/Digital
  • Home healthcare
  • Hospitals
  • Standalone Clinics
  • Nurse Practitioners
  • EMT/ First Responders
• Smart Stethoscope
  • Home healthcare
  • Hospitals
  • Standalone Clinics
  • Nurse Practitioners
  • EMT/ First Responders
• Traditional Acoustic Stethoscope
  • Home healthcare
  • Hospitals
  • Standalone Clinics
  • Nurse Practitioners
  • EMT/ First Responders

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

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

List of Key Players of Stethoscope Market

• 3M
• Medline Industries Inc.
• Welch Allyn (Hill-rom Holdings, Inc.)
• Eko Devices Inc.
• GF Health Products, Inc.
• Rudolf Riester GmbH, (Halma Plc)
• American Diagnostics Corporation
• Cardionics
• Heine Optotechnik Gmbh & Co.

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.

Long Term Care Market Size Is Expected To Reach USD 1.7 Trillion by 2028

 Long Term Care Market Growth & Trends

The global long term care market size is expected to reach USD 1.7 trillion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.1% from 2021 to 2028. The market is expected to grow primarily owing to the rising prevalence of target diseases, especially Alzheimer’s and dementia, among the aging population. In addition to this, increasing awareness about different long term care (LTC) facilities and the increasing medical coverage for home healthcare are likely to benefit the market growth.

According to World Population Prospects 2020, the global population aged 65 years and above was 703 million in 2020. The number of elderly people is projected to double by 2050 to reach 1.5 billion. The global share of the elderly population increased to 9% in 2020 from 6% in 1990 and is expected to rise further to 16% by 2050 with one in every six people in the world being over 65 years of age. It is expected that people turning 65 years are more likely to take some type of long term care services in the years to come. There has also been a shift towards in-home care from hospitals.

Developing economies make for lucrative markers as far as home healthcare is concerned. India, for instance, has many home healthcare startups such as Health Care at Home, Zoctr, Vatsalya, Zozz, Life Circle Health Services, Healers at Home, and the Nightingales, a factor that has worked in its favor. In India, Portea is one of the key market leaders in in-home healthcare. In November 2017, Portea raised USD 26.0 million in Series C funding for better home healthcare facilities.

Asia Pacific is expected to witness significant growth over the forecast period owing to the increasing rate of chronic diseases, the increasing disposable income, and the decreasing working population. For instance, in China, the one-child policy has eventually decreased the working population as compared to the older population. Industry players are continuously investing in expanding and revamping existing facilities. For instance, in February 2020, Genesis HealthCare underwent a real estate partnership with Next Healthcare Capital. The deal involved 15 skilled nursing facilities previously leased from Welltower Inc.

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Long Term Care Market Report Highlights

• The pandemic has created significant pressure on the entire healthcare system, but the most tragic impact is on the long term care facilities for both the younger and older generations in residential care programs
• In terms of service, nursing care held the largest share in 2020 owing to the presence of a large number of facilities offering nursing care, medical supervision, and round-the-clock assistance
• The home healthcare segment emerged as the second-largest service segment in 2020 owing to the increasing awareness regarding such facilities, cost savings offered by them as compared to hospital stays or nursing homes, and proactive health monitoring
• The hospice service segment is expected to witness the fastest growth over the forecast period owing to the increasing incidence rate of Alzheimer's and dementia and an increase in post-hospital care. Moreover, the coverage offered by both Medicaid and private insurers has relieved residents from out-of-pocket payments that have to be borne by them
• North America dominated the market in 2020. This is majorly attributed to the advanced medical infrastructure, awareness about the advantages of home health services, rising geriatric population, and government support. Around 13% of the people in the U.S. are 65 years or above and it is expected that by 2050, one in six Americans would be at least 65 years of age

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Long Term Care Market Segmentation

Grand View Research has segmented the global long term care market based on service and region:

Long Term Care Service Outlook (Revenue, USD Billion, 2016 - 2028)

• Home Health Care
• Hospice
• Nursing Care
• Assisted Living Facilities
• Others

Long Term Care Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Long Term Care Market

• Brookdale Senior Living, Inc.
• Sunrise Carlisle, LP
• Atria Senior Living Group
• Extendicare, Inc.
• Capital Senior Living
• Diversicare Healthcare Services Inc.
• Kindred Healthcare, Inc.
• Genesis Healthcare Corp.
• Senior Care Centers of America
• Home Instead Senior Care, Inc.
• Amedisys, 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.

Scanning Electron Microscopes Market To Make Great Impact In The Near Future by 2028: Grand View Research Inc.

 Scanning Electron Microscopes Market Growth & Trends

The global scanning electron microscopes market size is expected to reach USD 6.5 billion by 2028, registering a CAGR of 8.52% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for nanotechnology-based research and growing R&D innovation in application areas are anticipated to serve as key growth drivers. Rapid growth witnessed in application areas, such as semiconductors, automobiles, pharmaceuticals, and nanotechnology, globally is among the key factors responsible for the significant growth of the SEM market.

Technological advancements in SEM improves the quality control procedures of research laboratories in a wide range of industries, such as semiconductors, automobiles, and pharmaceutical manufacturing. Scanning electron microscopy plays a critical role in the imaging and elemental analysis of products. However, the advanced SEMs offer advantages, such as rapid analysis, compact size, and efficient results with higher resolution and 3D imaging. Furthermore, the COVID-19 pandemic is expected to increase the sale of SEMs.

Due to the growing prevalence of communicable diseases, the market is expected to observe substantial growth over the coming years. Market participants are entering into partnerships and collaborations to prove their technical capabilities. For instance, in November 2020, Thermo Fisher Scientific Inc. partnered with Nanoimaging Services (NIS)-a provider of Transmission Electron Microscopy (TEM) services. The partnership helped Thermo Fisher Scientific Inc. obtain better accessibility to NIS’s cryoelectron microscopy (cryoEM) technology for pharmaceutical applications and biotechnology.

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Scanning Electron Microscopes Market Report Highlights

• Application of SEM in life science is expected to account for a share of 24.77% by 2028 owing to the rising prevalence of chronic diseases leading to increased R&D expenditure and demand for digital microscopes in the fields of life sciences and medicine
• Asia Pacific is expected to witness the fastest CAGR from 2021 to 2028 due to the presence of world-class manufacturers in this region and increasing usage of SEM for elemental analysis and imaging
• Growing demand for advanced SEMs for the range of material research is expected to boost the market growth in Latin America, which is expected to grow at a CAGR of 8.6% over the forecast period
• Mergers & collaborations and product developments are the key strategies being undertaken by the market players
• For instance, in January 2020, ZEISS and RIKEN Innovation entered into a partnership agreement. The partnership was aimed at expediting bioengineering innovations and bringing change in healthcare

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

Scanning Electron Microscopes Market Segmentation

Grand View Research has segmented the global scanning electron microscopes market on the basis of application and region:

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

• Material Science
• Nanotechnology
• Life Science
• Semiconductors
• Other Applications

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

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

List of Key Players of Scanning Electron Microscopes Market

• Bruker Corp.
• Danish Micro Engineering (DME)
• Thermo Fisher Scientific
• Hitachi High Technologies Corp.
• JEOL Ltd.
• Leica Microsystems
• Nanoscience Instruments, Inc.
• Nikon Corp.
• Olympus Corp.
• Carl Zeiss

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.