Pharmacovigilance Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Pharmacovigilance Market Growth & Trends

The global pharmacovigilance market size is expected to reach USD 14.95 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.5% from 2021 to 2028. The increasing incidence of Adverse Drug Reactions (ADR) is the key growth factor. ADR imposes a substantial burden on healthcare systems and is one of the prominent causes of morbidity in developed countries. According to the National Center for Biotechnology Information (NCBI), approximately 5% of total hospitalizations in Europe each year are due to ADR. Pharmacovigilance services play an integral role in this clinical trial phase by assisting manufacturers in identifying adverse effects associated with the drug.

According to the World Health Organization's (WHO) report on pharmaceutical consumption, medicines to treat chronic diseases accounted for a larger proportion of the total volume of drug consumption in non-hospital setups. Hence, there has been a significant rise in the number of medicines made available to healthcare consumers. The rising demand for drugs has significantly heightened the need for the development of novel therapeutics via extensive clinical trials, which is expected to serve this market with lucrative opportunities.

Moreover, leading pharma companies in developed countries are focusing on outsourcing PV services to reduce costs and minimize operational expenses. This is anticipated to serve as an opportunity for contact research organizations in developing regions to gain more revenue share. Manufacturers are now focusing on remodeling their product development processes in an attempt to cater to patient needs across the globe. These factors are anticipated to fuel the demand for pharmacovigilance services during the forecast period.

Industry participants are focusing on increasing R&D activities to develop better pharmacovigilance services. Companies are also adopting strategies including new product launches and mergers & acquisitions to gain a competitive advantage. Moreover, they are undertaking collaborations with the PV service providers to gain access to medical information and manage PV workflows. For instance, in September 2019, Accenture collaborated with Bayer to implement the company's INTIENT Clinical platform to simplify and speed up its drug development processes, thereby widening its business. The company collaborated with BioCelebrate in 2017 to develop a platform for aggregating and analyzing clinical information for improved drug development efficiency, thus enhancing its R&D capabilities. Such initiatives help companies maintain their market position.

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Pharmacovigilance Market Report Highlights

• By product life cycle, phase IV held a dominant share of 75.61% in 2020 owing to the extensive post-marketing surveillance of pharmaceuticals and an increasing number of ADR incidences in the market
• In terms of service provider, contract outsourcing held a significant share of 59.24% as of 2020 owing to the shift in the focus of pharmaceutical companies to outsourcing services to reduce operational cost
• Based on type, spontaneous reporting held the largest revenue share in 2020 due to its wide application in pharmacovigilance and benefits such as easy simulation of data sets for better drug comparison
• On the basis of end-use, the biotechnology companies segment is anticipated to exhibit a lucrative CAGR of 12.6% over the forecast period owing to the increasing R&D for the development of novel biologics
• Asia Pacific is anticipated to exhibit a lucrative CAGR of 13.2% in the forthcoming years. This is attributed to the availability of low-cost labor and the rising number of outsourcing companies in this region

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Pharmacovigilance Market Segmentation

Grand View Research has segmented the global pharmacovigilance market on the basis of the service provider, product life cycle, type, process flow, therapeutic area, end-use, and region:

Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2016 - 2028)

• In-house
• Contract Outsourcing

Pharmacovigilance Product Life Cycle Outlook (Revenue, USD Million, 2016 - 2028)

• Pre-clinical
• Phase I
• Phase II
• Phase III
• Phase IV

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

• Spontaneous Reporting
• Intensified ADR Reporting
• Targeted Spontaneous Reporting
• Cohort Event Monitoring
• EHR Mining

Pharmacovigilance Process Flow Outlook (Revenue, USD Million, 2016 - 2028)

• Case Data Management
  • Case Logging
  • Case Data Analysis
  • Medical Reviewing & Reporting
• Signal Detection
  • Adverse Event Logging
  • Adverse Event Analysis
  • Adverse Event Review & Reporting
• Risk Management System
  • Risk Evaluation System
  • Risk Mitigation System

Pharmacovigilance Therapeutic Area Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Neurology
• Cardiology
• Respiratory Systems
• Others

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

• Pharmaceuticals
• Biotechnology Companies
• Medical Device Manufacturers
• Others

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

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

List of Key Players of Pharmacovigilance Market

• Accenture
• Linical Accelovance
• IQVIA
• Cognizant
• Laboratory Corporation of America Holdings
• IBM Corporation
• ArisGlobal
• ICON Plc.
• Capgemini
• ITClinical
• TAKE Solutions
• PAREXEL International Corporation
• BioClinica, Inc.
• Wipro Limited
• UNITED BIOSOURCE CORPORATION
• FMD K&L

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 Care Diagnostics & Testing Market Poised to Expand at a Robust Pace of USD 35.74 Billion Over 2028: Grand View Research Inc.

 Point Of Care Diagnostics & Testing Market Growth & Trends

The global point of care diagnostics & testing market size is estimated to reach USD 35.74 billion by 2028, registering a CAGR of 3.25%, according to a new report by Grand View Research, Inc. Point of care (POC) diagnostics & testing has significantly altered the therapeutic models applied for the treatment of diabetic patients, HIV patients, and patients with Cardiovascular Disorders (CVDs), in recent years. In addition, emerging advancements on the horizon are projected to enhance the near-patient treatment workflows for infectious diseases, strokes, and cancer.

The industry is set to witness lucrative growth as POC testing serves as a profitable alternative to traditional laboratory tests. Point-of-care devices are designed to offer actionable information at the location and time of patient care, which enables early diagnosis of diseases. The advent of non-invasive & minimally invasive POC devices, continuous POCT, miniaturized technologies, and the adoption of telemedicine in remote patient monitoring are some of the key trends contributing to the market growth.

Moreover, the advent of rapid data sharing solutions as well as platforms is set to contribute to the development of POC COVID-19 tests, supplementing the overall market growth. Companies actively working toward the development of such rapid data sharing solutions include Foundation for Innovative New Diagnostics (FIND) and 360 Dx. The rising number of such companies is set to offer manufacturers/developers and professionals a clear perspective with respect to the future opportunities associated with POC COVID-19 tests.

The development of multiplex POC diagnostic technologies that enable the detection of multiple infectious pathogens in specimens, such as sputum, urine, or blood, offers improved patient outcomes and better disease diagnosis. The wide adoption of multiplex POC devices is anticipated to serve as a driver for the shift in preference from a centralized disease testing model to a decentralized patient-centered model.

Major companies are initiating strategic product launches to strengthen their market presence. For instance, in October 2020, Roche announced the launch of the Elecsys SARS-CoV-2 Antigen test that supports COVID-19 testing of suspected patients at high volumes. In April 2020, Nova Biomedical introduced PT/INR testing for its Allegro capillary blood analyzer to be used in POC primary care settings. This test is available in CE-regulated countries.

PR/INR is among the total 18 tests of the Allegro platform and is designed to measure HbA1c, hemoglobin, cholesterol, glucose, triglycerides, UACR, creatinine, hematocrit, and uric acid. This product expanded the testing portfolio of the company’s Allergo platform.

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Point of Care Diagnostics & Testing Market Report Highlights

• The glucose testing product segment led the market in 2020 due to high demand for POC glucose monitors for routine glucose testing as a result of an increased number of diabetic patients across the globe
• The infectious disease product segment is expected to account for the highest revenue share by 2028. This growth is majorly attributed to the global COVID-19 pandemic
• The first POC diagnostic test for COVID-19 was approved by the U.S. FDA in March 2020 under Emergency Use Authorization, which was manufactured by Cepheid
• Since then, key players in this market are engaged in developing and manufacturing such tests, which, in turn, is boosting the segment growth
• The clinics end-use segment accounted for the dominant revenue share in 2020 and will expand further at a steady CAGR from 2021 to 2028 owing to increasing transition from conventional lab testing to POCT by healthcare professionals to shorten the time taken for diagnosis and further treatments
• Led by the U.S., North America was the leading regional market in 2020 and held a revenue share of more than 34%

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Point Of Care Diagnostics & Testing Market Segmentation

Grand View Research has segmented the global point of care diagnostics & testing market on the basis of product, end-use, and region:

POC Diagnostics & Testing Product Outlook (Revenue, USD Million, 2017 - 2028)

• Glucose Testing
• Hb1Ac Testing
• Coagulation
• Fertility
• Infectious Diseases
  • HIV
  • Clostridium Difficile
  • HBV
  • Pneumonia or Streptococcus Associated Infections
  • Respiratory Syncytial Virus (RSV)
  • HPV
  • Influenza/Flu
  • HCV
  • MRSA
  • TB and Drug-Resistant TB
  • HSV
  • COVID-19
  • Other Infectious Diseases
• Cardiac Markers
• Thyroid Stimulating Hormone
• Hematology
• Primary Care Systems
• Decentralized Clinical Chemistry
• Feces
• Lipid Testing
• Cancer Marker
• Blood Gas/Electrolytes
• Ambulatory Chemistry
• Drug Abuse Testing
• Urinalysis

POC Diagnostics & Testing End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Clinics
  • Pharmacy & Retail Clinics
  • Physician Office
  • Urgent Care Clinics
  • Non-practice Clinics
• Hospitals
• Home
• Assisted Living Healthcare Facilities
• Laboratory

POC Diagnostics & Testing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of POC Diagnostics & Testing Market

• Hoffmann-La Roche Ltd.
• Qiagen
• Danaher Corp.
• Becton Dickinson (BD)
• Biomerieux SA
• Abbott Laboratories
• Siemens Healthcare AG
• Zoetis, Inc.
• Instrumentation Laboratory
• Nova Biomedical
• Trividia Health, Inc.
• Quidel Corp.
• Trinity Biotech
• Sekisui Diagnostics
• Orasure Technologies, Inc.
• Nipro Corp.
• Spectral Medical, 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.

Microscope Market to Surpass USD 17.5 Billion by 2028: Grand View Research Inc.

 Microscope Market Growth & Trends

The global microscope market size is expected to reach USD 17.5 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.93% over the forecast period. High demand from the healthcare sector and rapidly growing semiconductor industry are the key factors boosting the market growth. Moreover, the establishment of microscopy to promote research activities is boosting the demand for microscopes. Increasing focus on R&D for applications, such as neuroscience, life sciences, nanotechnology, and semi-conductor, is expected to increase the adoption of super-resolution microscopes.

These devices offer image resolution as high as 10 nm, which is necessarily required while investigating cell signaling pathways and studying cancer cell proliferation. One of the most important applications of microscopes is in surgical interventions. Magnified imaging systems are in soaring demand for cancer and neuroscience surgical procedures to improve procedural success. Major market players are focusing on developing dedicated microsurgery offerings, such as the spine, cranial, and other multi-disciplinary surgeries.

Furthermore, a new public-private partnership between Carl Zeiss Microscopy and UC Berkeley worth USD 5.6 million for supporting Berkeley Brain Microscopy Innovation Center (BrainMIC) is expected to positively impact the market growth. The growing adoption and rising investments in the development of microscopes by precision manufacturing industries are expected to drive market growth. However, due to the impact of the COVID-19 pandemic, companies reported decreases in the revenue of the second quarter for the year 2020, which affected the supply chain of most of the companies.

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Microscope Market Report Highlights

• Electron microscopeswas the largest product segment in 2020 due to high product application scope in various fields, such as life sciences and materials science
• The optical product segment accounted for the second-largest revenue share in 2020 due to the high adoption of these devices
• The life science application segment dominated the market in 2020 due to wide product application in the diagnosis of various diseases
• Asia Pacific was the dominant regional market in 2020 and will grow further at the fastest CAGR from 2021 to 2028
• This growth is credited to the high investments in R&D, product innovation by key manufacturers, and the establishment of microscopy centers at research &education institutes, which boosts the product demand
• Manufacturers in the market are adopting strategies, such as product innovation by integrating the latest technology and geographic expansion by mergers & acquisitions
• For instance, in October 2020, Bruker Corp. launched the Vutara VXL Super-Resolution Fluorescence Microscope
• It is designed for biological imaging at the nanoscale and can improve the study of nano-level cellular biology, especially in the field of spatial omics imaging

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Microscope Market Segmentation

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

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

• Optical
  • Upright
  • Inverted
  • Stereomicroscopes
  • Phase Contrast
  • Fluorescence
  • Confocal Scanning
  • Near Field Scanning
  • Other Optical Microscopes
• Electron
  • Scanning Electron
  • Transmission
• Scanning Probe
• Others

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

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

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

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

List of Key Players of Microscope Market

• Carl Zeiss Meditec AG
• Bruker Corp.
• Cameca
• Thermo Fisher Scientific, Inc.
• Nikon Corp.
• Olympus Corp.
• NT-MDT SI
• Hitachi High-Tech Corp.
• JEOL Ltd.
• Oxford Instruments (Asylum 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.

U.S. Demand for Knife Sharpening Service Market to Incur Considerable Upsurge During 2021 – 2028: Grand View Research Inc.

 U.S. Knife Sharpening Service Market Growth & Trends

The U.S. knife sharpening service market size is expected to reach USD 117.1 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The rapid development of urban areas, coupled with consumer preference for a wide variety of cuisines, has led to an increase in the number of cafes, specialty coffee shops, and quick-service restaurants (QSRs) in the U.S. The trend of dining in restaurants and cafes offers lucrative growth opportunities for knife sharpening service providers.

According to the National Restaurant Association, U.S., there were over 1 million restaurant locations in the country in 2019. In addition, the growth of the restaurant industry owing to consumers’ desire for convenience, socialization, and high-quality food and service has resulted in restaurant owners investing in modern and quality kitchen knives. This factor acts as a major driver for the market in the country.

According to the American Barber Association, there are 140,000 businesses providing barbershop services in the U.S. Hence, the growing demand for the sharpening of scissors and blades is driving the need for sharpening service providers.

The increasing influence of culinary arts on consumers, coupled with the growing number of luxury hotels and high-end restaurants, supports the demand for kitchen knife sharpening services in the commercial segment. The growing trend of tourism, coupled with the growing consumer willingness to spend on exploring exotic destinations, luxury hotels, and culinary travels, is also expected to drive the demand for kitchen knives and knife sharpening services in the country.

Hotels, restaurants, barbershops, and lawnmower repair shops are among the major end-users of sharpening services for knives and other cutting tools. In addition, residential households that use high-priced and premium quality knives opt for knife sharpening services in order to enhance the life span of the knife and retain the quality of the blade.

Consumers tend to opt for seasoned knife sharpening service providers with extensive experience in the industry. Moreover, consumers prefer that knives be sharpened on whetstones that typically start off at 1,000 grit and finish anywhere between 6,000 grit and 10,000 grit. The trend of electric sharpeners is also increasing among business owners in order to cater to the rising demand for normal/minor sharpening services. Knife sharpening service providers are opting for electric sharpeners owing to their major benefits, such as low cost and less time consumption.

One of the major factors affecting purchasing decisions is the turnaround time of knives in the market. Moreover, the durability and quality of sharpening are key in influencing consumers’ decisions on whether or not to visit again. Word-of-mouth marketing also significantly affects the purchasing decisions of consumers. In addition, the growing presence of service offerings via social media and e-commerce platforms is influencing and changing the way consumers opt for such services. Several players in the market choose to mail-order services to increase their reach among consumers. New entrants offering various innovative solutions and practices also influence the purchasing decisions of consumers.

The cost of the service is also a major factor affecting the buying decisions of consumers. Consumers with high volume need to seek services at lower costs and with less turnaround time. The growing awareness about the benefits of sharp knives and cutting tools is also driving consumers to opt for professional services instead of at-home or DIY practices. 

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U.S. Knife Sharpening Service Market Report Highlights

• The household end-user segment accounted for the largest share of almost 55.0% in 2020 owing to the increasing urbanization
• The commercial end-user segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028. This is attributed to the rapid expansion of commercial spaces, which is propelling the demand for kitchen tools
• The Western region of the U.S. held the largest share of 25.5% in 2020 owing to the continuous growth of the housing market

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U.S. Knife Sharpening Service Market Segmentation

Grand View Research has segmented the U.S. knife sharpening service market on the basis of end-user and region:

U.S. Knife Sharpening Service End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Household
• Commercial
• Industrial

U.S. Knife Sharpening Service Regional Outlook (Revenue, USD Million, 2016 - 2028)

• Northeast
• Southwest
• Midwest
• West
• Southeast

List of Key Players of U.S. Knife Sharpening Service Market

• Carter Cutlery
• American Cutting Edge, Inc.
• Cozzini Bros, Inc.
• Florida Knife Company
• Town Cutler
• Eversharp Knives
• John’s Sharpening Service & Cutlery
• Market Grinding Inc.
• National Sharpening Company
• Rod’s Sharpening Service

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.

Roll-Your-Own Tobacco Product Market Predicted to Witness Steady Growth During the Forecast Period

 Roll-Your-Own Tobacco Product Market Growth & Trends

The global roll-your-own tobacco product market size is expected to reach USD 10.42 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.2% from 2021 to 2028. The rising consumption of products among females and students is fueling market growth over the world. The adoption rate of the product is increasing among the youth in major economies, including the U.S. Moreover, the financial stress caused by the COVID-19 pandemic has encouraged numerous smokers to shift from factory-made cigarettes to hand-rolled cigarettes due to the cost advantage of roll-your-own (RYO) tobacco products.

The filter and paper tip segment is expected to register the fastest CAGR of 4.7% from 2021 to 2028. Rapid research and product development of new kinds of filters focusing on removing maximum tar, nicotine, and certain gases are estimated to fuel the segment growth. Furthermore, the introduction of biodegradable or environment-friendly filters is expected to boost the demand for filter and paper tips in the upcoming years.

Europe dominated the market with a revenue share of more than 55.0% in 2020. According to the World Health Organization (WHO), Europe reported the highest prevalence of smoking among adults (28%), with a percentage of the consumption trend observed among adolescents. Cigarettes witnessed the highest consumption among Europeans. The popularity of RYO cigarettes is on the rise among consumers due to the cost-effectiveness of the products and the availability of varied flavors. The consumption of RYO cigarettes in the region is mainly concentrated among men who smoke regularly.

Companies are looking to maintain their brand image and gain customer loyalty by upgrading their offerings according to customer specifications and studying consumer behavior patterns. Key players in the market are offering tobacco products in different sizes, flavors, and attractive packaging. These initiatives by manufacturers are propelling the global demand for premium roll-your-own tobacco products.

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Roll-Your-Own Tobacco Product Market Report Highlights

• North America is expected to register the fastest CAGR of 4.7% from 2021 to 2028 owing to the increasing adoption of the product among the young consumers
• By product, the filter and paper tip segment is expected to register the fastest CAGR of 4.7% from 2021 to 2028
• Europe dominated the market by accounting for over 55.0% in 2020. The rate of smoking in the European countries has contributed to the growth of the market in the region
• Offline distribution channel held the largest share of more than 85.0% in 2020

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Roll-Your-Own Tobacco Product Market Segmentation

Grand View Research has segmented the global roll-your-own tobacco product market on the basis of products, distribution channel, and region:

RYO Tobacco Products Outlook (Revenue, USD Million, 2016 - 2028)

• RYO Tobacco
• Rolling Paper & Cigarette Tubes
• Injector
• Filter & Paper Tip

RYO Tobacco Product Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

RYO Tobacco Product Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Roll-Your-Own Tobacco Product Market

• Imperial Brands
• British American Tobacco
• Japan Tobacco International
• Scandinavian Tobacco Group A/S
• Altria Group, Inc.
• Philip Morris International
• HBI International
• Curved Papers, Inc.
• Karma Filter Tips
• Shine Brands

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.

The Future of Sports Technology

 

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The rising adoption of emerging technologies, such as the internet of things (IoT) and data analytics, along with social media integration, across various sports, is expected to drive the market over the forecast period. A strong emphasis on audience engagement and entertainment activities coupled with the digital transformation of stadiums is anticipated to drive the demand for technology-driven services in the sports arena. The industry is experiencing a paradigm shift due to increasing investments by various organizations in adopting the latest technologies for monitoring players’ performance and engaging fans, among other activities

Digital Payments: A Market That Shows No Signs Of Stopping

 

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The market is expected to benefit from the high adoption rate of smartphones, rise in e-commerce sales, and improved internet penetration globally. Governments across the globe are undertaking initiatives to digitize payments. This is promoting economic growth and is benefitting end-users in many countries across the globe. For instance, in February 2019, the central bank of Mexico announced the launch of its smartphone payment system, known as CoDi, to reduce cash transactions in the country.

Video-Streaming To See A Boom As People Stay At Home

 

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Innovations, such as blockchain technology and artificial intelligence, to improve video quality are expected to boost the market growth. AI is playing an essential role in editing, cinematography, voice-overs, scriptwriting, and several other aspects of video production and upload. Various video streaming solution providers use AI to improve the content quality of videos. In the recent past, the popularity of such platforms over broadcast media such as YouTube and Netflix has increased considerably. Moreover, the rapid adoption of mobile phones owing to the growing popularity of social media platforms and other digital mediums for branding and marketing is anticipated to further fuel the growth.

Neobanking: New Trend In Banking

 

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Neobanks are customer-centric and offer personalized services to customers, which differentiates them from traditional banks. Neobank platforms enable users to validate their service offerings in real time through mobile sites and online channels. These platforms also eliminate the need for human interference, thereby reducing transaction errors. Additionally, benefits offered by neobanking, such as fast servicing, healthy interest rates, and cost-effective banking, are expected to fuel the market growth over the forecast period.

U.S. Laundry Facilities & Dry-Cleaning Services Market to Partake Significant Development During 2021 to 2028: Grand View Research Inc.

 U.S. Laundry Facilities & Dry-Cleaning Services Market Growth & Trends

The U.S. laundry facilities and dry-cleaning services market size is expected to reach USD 14.4 billion by 2028, according to a new report by Grand View Research, Inc. It is estimated to grow at a CAGR of 4.0% from 2021 to 2028. An increasing number of dry cleaning and laundry service companies are offering 24-hour drop-off and pick-up services through either locker systems or automated kiosks. This allows people to drop off or pick up clothing at the most convenient times for them.

Some companies are also experimenting with driver pickup and delivery options through smartphone applications, which is boosting the market growth. Several coin- and card-operated laundry facilities now use "smart" washing machines and dryers that allow users to pay using a cell phone or swiping an ID card. Customers can check on machine availability remotely or receive a text message alert when their load is complete. Such systems also allow owners to remotely monitor machine performance and maintenance needs.

Plp0 addition, increased discretionary incomes and lifestyle changes have created new lucrative markets for dry cleaners, such as wash-dry-fold services that charge per pound, and pickup and delivery services. Other services include button and zipper replacement, tuxedo rental, shoe repair and shoe shining, monogramming, and reweaving. Additional products, such as shoelaces, lint rollers, or moth repellents, can be sold on-site.

Based on type, the market is segmented into coin-operated services, retail laundry & dry-cleaning services, corporate/industrial laundry services, and others. The retail laundry or dry clean service segment held the largest revenue share in 2020 owing to the high adoption of these services by consumers. Moreover, retail laundry services are emerging as reliable and convenient services at a reasonable price. These factors are expected to drive the segment growth during the forecast period.

The potential spread of bacterial diseases and infections due to contaminated interior textiles is majorly driving this segment’s growth. Regionally, the West laundry facilities & dry-cleaning services market accounted for the highest revenue share of 25.0% in 2020 and is expected to expand at the fastest CAGR of 4.7% over the forecast period. Factors, such as the rising number of working individuals and hectic lifestyles, are boosting the adoption of laundry facilities and dry-cleaning services, which drives the market.

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U.S. Laundry Facilities & Dry-Cleaning Services Market Report Highlights

• The rising working population coupled with the rising spending on clothes and cleaning services is expected to fuel the market growth
• Growth in the commercial business sector and the need for superior-quality services drive the market
• The hospitality and tourism industries are expanding rapidly, which will also augment the demand for laundry and dry-cleaning facilities
• The coin-operated segment accounted for the highest revenue share in 2020 and is projected to register a CAGR of 4.2% from 2021 to 2028

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U.S. Laundry Facilities & Dry-Cleaning Services Market Segmentation

Grand View Research has segmented the U.S. laundry facilities and dry-cleaning services market on the basis of type:

U.S. Laundry Facilities & Dry-Cleaning Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Coin-operated Services
• Retail Laundry/Dry Clean
• Corporate/Industrial Laundry
• Others

List of Key Players of U.S. Laundry Facilities & Dry-Cleaning Services Market

• CSC ServiceWsorks
• EnviroStar, Inc.
• Alliance Laundry Systems LLC
• The Huntington Company
• Yates Dry Cleaning & Laundry Services
• ZIPS Dry Cleaners
• LavatecLaundryTechnology GmbH
• Angelica
• Cleanly
• FlyCleaners

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.

Ceramic And Natural Stone Tiles Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 Ceramic And Natural Stone Tiles Market Growth & Trends

The global ceramic and natural stone tiles market size is expected to reach USD 567.61 billion by 2028 growing at a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Easy installation and availability in a wide range of options in terms of color and dimensions are projected to augment the product demand over the forecast period.

A positive outlook of the construction industry on accounts of rising residential and non-residential building construction activities is expected to favor the market growth. Moreover, growing consumer preference for these products in flooring, decorative wall, and various internal & external applications supported by the rising demand for low-maintenance construction materials is projected to augment the market growth. Rapid urbanization coupled with an evolving consumer lifestyle is also expected to generate new growth prospects for the companies in this industry.

Stringent environment regulations have led to an increase in R&D activities and the development of eco-friendly products, which is also expected to boost the market growth in the years to come. In addition, an initiative taken by the Government of Italy to promote the ceramic industry is expected to offer several growth opportunities over the forecast years.

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Ceramic And Natural Stone Tiles Market Report Highlights

• The porcelain product segment accounted for more than 51% of the total market share in 2020 and is projected to grow at the fastest CAGR of 6.3% from 2021 to 2028
• This growth is credited to the rising product demand on account of its properties, such as easy maintenance and chemical & stain resistance are expected to fuel the segment growth
• The glazed ceramic product segment accounted for the second-largest market share in 2020 and is expected to have significant CAGR over the forecast period
• This growth is mainly due to the increasing product demand in applications, such as kitchens and bathrooms
• The Europe regional market accounted for the second-highest revenue share in 2020 and is projected to grow at a steady CAGR of 5.2% from 2021 to 2028 due to the increased penetration of the product in the region’s construction industry
• Asia Pacific is estimated to be the largest as well as the fastest-growing regional market from 2021 to 2028
• The region’s growth is attributed to the rising number of construction activities and rapid infrastructural development in emerging countries like India and China
• China accounted for the significant market share of the APAC regional market on account of the growing population and rapidly expanding residential and commercial sector in the country

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Ceramic And Natural Stone Tiles Market Segmentation

Grand View Research has segmented the global ceramic and natural stone tiles market on the basis of product and region:

Ceramic & Natural Stone Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Glazed
• Porcelain
• Scratch-free
• Granite
• Limestone
• Travertine
• Others

Ceramic & Natural Stone Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Ceramic And Natural Stone Tiles Market

• Porcelanosa Grupo
• Grupo Cedasa
• Crossville, Inc.
• Atlas Concorde
• Mohawk Industries

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.

CBD Gummies Market Will See Strong Expansion Through 2028: Grand View Research Inc.

 CBD Gummies Market Growth & Trends

The global CBD gummies market size is expected to reach USD 13.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 30.7% from 2021 to 2028. The exceptional medicinal properties without any harmful side effects are expected to be a major factor contributing to the growth of the market. The consumption of CBD (Cannabidiol) gummies to relieve anxiety, depression, pain, and inflammation, and to induce sleep is expected to boost the growth of the market.

The 2018 U.S. Farm Bill is considered to be one of the most supportive government policies for the promotion of CBD gummies and other CBD-based products in the U.S. The bill legalizes hemp and hemp-based products in the country and omits hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act. As per this bill, the USDA will approve the states before harvesting for monitoring and production regulating purposes.

In addition to this, a few favorable changes in the overall regulations on hemp are promoting the supply of various CBD-based products in the U.S. market. For instance, under the 2018 Farm Bill, hemp has been removed from the Controlled Substances Act (CSA), which implies that cannabis plants and derivatives that constitute less than or equal to 0.3% dry weight THC are no longer controlled substances under federal law.

These aforementioned supportive policies are anticipated to boost the demand for CBD gummies in the U.S. market. The market, however, is still at a nascent stage and the products being launched are only in the countries where CBD-based edible products are legalized. Manufacturers are, however, expecting a significant shift in product positioning in the global market, with the hopes that CBD oil and gummies will become as common as fish oil or multivitamin gummies.

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CBD Gummies Market Report Highlights

• By concentration, the low concentrated CBD gummies held the largest share of 90.2% in 2020 and are expected to maintain their lead over the forecast period. First-time buyers of CBD gummies prefer low CBD content gummies ranging from 1 mg to 20 mg CBD per gummy
• High CBD concentrated gummies are projected to register the fastest CAGR of 34.7% from 2021 to 2028. The increasing awareness among consumers regarding the advantages of marijuana edibles for the treatment of sleep disorders is anticipated to fuel the segment growth in the near future
• The offline distribution channel was the largest segment with a share of 56.4% in 2020. The overall sales through offline channel dropped drastically owing to the closure of all the brick and mortar stores due to the pandemic across the globe
• North America held the largest share of 62.0% in 2020. In the U.S., the legalization of cannabis for medical and recreational purposes is among the top factors driving the market for CBD gummies

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CBD Gummies Market Segmentation

Grand View Research has segmented the global CBD gummies market on the basis of concentration, distribution channel, and region:

CBD Gummies Concentration Outlook (Revenue, USD Million, 2016 - 2028)

• High
• Low

CBD Gummies Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

CBD Gummies Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• RoW
  • Australia

List of Key Players of CBD Gummies Market

• CV Sciences, Inc.
• Dixie Brands
• Reliva CBD
• Sunday Scaries
• Green Roads
• Medix CBD
• Hemp Bombs
• PureKana
• Diamond CBD
• Premium Jane

About Grand View Research

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

Global Incontinence And Ostomy Care Products Market is Estimated To Reach A Valuation of USD 23.0 Billion by 2028: Grand View Research Inc.

 Incontinence And Ostomy Care Products Market Growth & Trends 

The global incontinence and ostomy care products market size is anticipated to reach USD 23.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2021 to 2028. The increasing incidence of colorectal cancer and urological diseases, such as Inflammatory Bowel Disease (IBD), urinary incontinence, and benign prostatic hyperplasia is anticipated to boost the market growth.

The growing risk of colorectal and urinary bladder cancer has increased the demand for ostomy care products. For instance, the American Cancer Society has reported that in 2019, the number of colorectal cases in the U.S. has increased to 101,420. This is expected to drive the growth of the market at a global level.

Increasing awareness initiatives by several market players to raise cognizance regarding these prosthetic medical devices globally is successfully breaking the stigma and taboo associated with the use of these products. For instance, Coloplast is a leading market player and has recently published Ostomy Life Study Review to raise awareness and improve the standard of ostomy care. This helps in effective patient care, building their confidence, and inspires them to live a quality life.

Moreover, the outbreak of COVID-19 has spurred the demand for incontinence products used in home settings. Since the majority of consumers are aged/seniors, there is a higher demand for these products. Restrictions on movement at international borders have created an opportunity for local players to enter the market and meet the unmet demands of the end-users. In November 2020, NorthShore Care Supply announced a free trial of 2 bags of adult diapers and a discount on all absorbents for ICU Nurses or other COVID first responders.

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Incontinence And Ostomy Care Products Market Report Highlights

• Based on type, the incontinence care products segment held the largest revenue share of around 74.9% in 2020. This can be attributed to the increasing cases of urological diseases, such as IBD, colon cancer, and bladder control problems
• The incontinence care products segment is further segmented into absorbents, incontinence bags, and others. Whereas, the ostomy care products segment is sub-divided into ostomy bags, deodorants, skin barriers, and irrigation products
• Europe dominated the market in 2020 with the largest revenue share of around 43.2%, owing to the increasing prevalence of urological diseases, supportive government policies, and increasing awareness programs

Access Press Release@ https://www.grandviewresearch.com/press-release/incontinence-and-ostomy-care-products-market

Incontinence And Ostomy Care Products Market Segmentation

Grand View Research has segmented the global incontinence and ostomy care products market on the basis of type and region:

Incontinence & Ostomy Care Products Type Outlook (Revenue, USD Million, 2016 - 2028)

• Incontinence Care Products
  • Absorbents
  • Incontinence Bags
  • Others
• Ostomy Care Products
  • Ostomy Bags
    • Colostomy Bags
    • Ileostomy Bags
    • Urostomy Bags
  • Deodorants
  • Skin Barriers
  • Irrigation Products

Incontinence & Ostomy Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Incontinence And Ostomy Care Products Market

• Coloplast Corp.
• Essity (Svenska Cellulosa Aktiebolaget)
• KCWW (Kimberly-Clark Corporation)
• Braun Melsungen AG
• Hollister Incorporated
• Unicharm Corporation
• ConvaTec Group Plc
• Welland Medical Ltd.
• Domtar Corporation
• Salts Healthcare 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.