North America And Europe Medical Foods Market Plying for Significant Growth During 2021-2028: Grand View Research Inc.

 North America And Europe Medical Foods Market Growth & Trends

The North America and Europe medical foods market size is expected to reach USD 16.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2021 to 2028. The growing prevalence of chronic diseases, COVID-19 pandemic, increasing geriatric population adopting medical foods, and surge in awareness regarding clinical nutrition among patients and healthcare professionals are factors boosting overall growth. In addition, the rise in the number of researches claiming positive results associated with the adoption and usage of medical foods is further propelling the market growth. As per the research paper published in the Food Science and Human Wellness journal in 2019, medical foods have shown symptomatic advantages in Alzheimer’s disease. Axona, Souvenaid, and CerefoliNAC are some of the medical foods that have shown effects on people suffering from Alzheimer’s disease.

As of 2020, the oral route of administration segment held the largest market share owing to a high preference for oral products over enteral, high commercial availability, and growing investment by major industry players. On the other hand, the enteral route segment is expected to register the fastest growth during the forecast period owing to constant improvements in enteral feeding formula and devices and the increasing prevalence of target diseases. Growing awareness among the healthcare professionals and patient population regarding the benefits of enteral medical foods is one of the crucial factors anticipated to boost the overall market growth over the forecast period.

The others segment, which includes liquid, semi-liquid, and semi-solid, accounted for the majority of revenue share in 2020. Ease of administration and presence of a large product portfolio, which cater to various medical conditions are among key factors that can be attributed to its large revenue share. On the other hand, powder medical foods are expected to be the fastest-growing segment during the forecast period. Medical foods in the form of powdered formulae are suitable for patients of all age groups, especially in the case of the oral route. This, in turn, is aiding segment growth.

The non-reimbursed segment accounted for the largest revenue share in 2020, owing to the shortage of reimbursement coverage from healthcare payers in the U.S. and European Union. On the other hand, the reimbursed segment is anticipated to register the fastest growth during the forecast period. The growth is attributed to initiatives undertaken by the government to improve reimbursement coverage. For instance, several U.S. states passed legislation to limit out-of-pocket expenses for medical nutrition therapy, limiting it to USD 100-500 per medication per month, depending on insurance plan type to increase reimbursement coverage and boost adoption of medical foods.

In 2020, other diseases segment, which includes diseases and health conditions such as Parkinson’s disease, epilepsy, and cancer-related conditions, held the largest revenue share of the market. Weight loss is a major physical change observed among cancer patients. Various medical foods are prescribed to supplement dietary requirements and enable faster recovery of patients. On the other hand, the diabetic neuropathy segment is anticipated to register the fastest growth during the forecast period. The large diseased population and rise in risk for developing neuropathy among diabetes patients are some of the key factors attributing to segment growth.

As of 2020, the institutional sales segment held the largest revenue share owing to the high consumption of medical foods for chronic disease management, primarily influenced by healthcare institutes such as hospitals, clinics, and care centers. Moreover, key players majorly rely on institutional sales channels through a group of sales representatives who sell directly to the healthcare institutions and physicians. On the other hand, the online sales segment is expected to register the fastest growth over the forecast period. This is owing to the lockdown imposed by the COVID-19 pandemic and the convenience offered by the sales channel for ordering products at the comfort of their homes.

As of 2020, North America accounted for the highest revenue share and is expected to exhibit the fastest CAGR over the forecast period. This can be attributed to an increase in the prevalence of target diseases such as diabetes, cancer, malnutrition, obesity, and cardiovascular diseases in this region. The geriatric population is also significantly high in this region. Moreover, the local presence of key market players such as Abbott, Nestlé, Danone, and Fresenius Kabi and the high revenue generated by these companies in North America are among the key factors that can be attributed to the large market share.

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North America And Europe Medical Foods Market Report Highlights

• The market is anticipated to grow well over the forecast period owing to the increasing adoption of these products for fulfilling adequate nutritional requirements
• The oral route of administration segment dominated the market in 2020 owing to increasing consumer preference for orally administered medical foods due to ease in their consumption
• The others product type segment dominated the market in 2020 owing to high commercial availability and increasing application areas of the products included in the segment
• The non-reimbursed payment scheme segment dominated the market in 2020 majorly due to the shortage of relevant reimbursement coverage for these products in the region
• The others application segment dominated the market in 2020 owing to the increasing prevalence of diseases including epilepsy, Parkinson’s disease, and cancer, and increasing demand for medical foods to fulfill daily nutritional requirement
• The institutional sales channel segment dominated the market in 2020 owing to the high demand and consumption of oral and enteral medical foods in healthcare institutions including clinics, hospitals, and care centers
• North America dominated the market in 2020 owing to the increase in healthcare spending and the presence of key market players in the region

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North America And Europe Medical Foods Market Segmentation

Grand View Research, has segmented the North America and Europe medical foods market on the basis of route of administration, product type, payment scheme, application, sales channel, and region:

North America And Europe Medical Foods Route of Administration Outlook (Revenue, USD Million, 2016 - 2028)

• Oral
• Enteral

North America And Europe Medical Foods Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Pills
• Powders
• Others

North America And Europe Medical Foods Payment Scheme Outlook (Revenue, USD Million, 2016 - 2028)

• Reimbursed
  • Diabetes
  • Chronic Kidney Disease
  • Other Applications
• Non-reimbursed
  • Diabetes
  • Chronic Kidney Disease
  • Other Applications

North America And Europe Medical Foods Application Outlook (Revenue, USD Million, 2016 - 2028)

• Chronic Kidney Disease
• Minimal Hepatic Encephalopathy
• Chemotherapy Induced Diarrhoea
• Pathogen Related Infections
• Diabetic Neuropathy
• ADHD
• Depression
• Alzheimer's Disease
• Nutritional Deficiency
• Orphan Diseases
  • Phenylketonuria
  • Eosinophilic Esophagitis
  • FPIES
  • Others
• Wound Healing
• Chronic Diarrhea
• Constipation Relief
• Protein Booster
• Dysphagia
• Other Diseases
  • Parkinson’s Disease
  • Epilepsy
  • Pain Management
  • Other Cancer Related Treatments

North America And Europe Medical Foods Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online Sales
• Retail Sales
• Institutional Sales

North America And Europe Medical Foods Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia

List of Key Players of North America And Europe Medical Foods Market

• Danone
• Nestle
• Targeted Medical Pharma, Inc.
• Abbott
• Primus Pharmaceuticals, Inc.
• Medtrition, Inc.
• Mead Johnson & Company, LLC
• Fresenius Kabi AG

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.

Clinical Trial Equipment & Ancillary Solutions Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Clinical Trial Equipment & Ancillary Solutions Market Growth & Trends

The global clinical trial equipment & ancillary solutions market size is anticipated to reach USD 4.4 billion by 2028, according to the new report of Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. The growing pharmaceutical and medical sectors, globalization of clinical trials, and rising R&D expenditure are the factors driving the market.

The clinical trial procedure has evolved considerably in recent years. Complex clinical studies are creating new problems throughout the healthcare supply chain. Modern studies frequently involve huge numbers of patients and patient subgroups, as well as numerous nations and research sites. As a result, the number of challenges that supply chain managers confront while working with clinical trial equipment & ancillaries has increased. Renting medical equipment relieves the burden of storage, retrieval, and disposal. Another important decision-making reason is that renting equipment reduces significant upfront expenses and large investments required to furnish licensed clinical trial locations.

The COVID-19 pandemic has affected the global market, which resulted in slowing down the supply chain of the equipment & ancillary supplies. The COVID-19 pandemic has caused major changes in the clinical trial environment. Hundreds of experiments that were in progress before the pandemic have been halted, while many new trials have been launched in the hunt for effective therapies and interventions. COVID-19 has changed the way clinical trials are conducted, encouraging the digitization of healthcare and the adoption of cutting-edge technologies and techniques.

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Clinical Trial Equipment & Ancillary Solutions Market Report Highlights

• The supply/logistics product segment dominated the market with a revenue share of more than 38% in 2020 due to the high number of clinical trials globally, which resulted in increased demand for efficient logistics services
• The phase III segment accounted for the maximum revenue share of the global market in 2020. Phase III studies are the most effective approach to discover a new treatment standard
• North America led the global market in 2020 and is expected to remain dominant even during the forecast years due to a rise in the number of CRO and pharmaceutical & medical companies in the region
• Asia Pacific is projected to be the fastest-growing regional market during the forecast period as it is becoming an increasingly significant site for clinical trial investigations

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Clinical Trial Equipment & Ancillary Solutions Market Segmentation

Grand View Research has segmented the clinical trial equipment & ancillary solutions market on the basis of product, phase, and region:

Clinical Trial Equipment & Ancillary Solutions Product Outlook (Revenue, USD Million, 2016 - 2028)

• Sourcing
  • Procurement
  • Rental
• Supply/Logistics
  • Transportation
  • Packaging
  • Others
• Service
  • Calibrations
  • Equipment Servicing
  • Others
• Others

Clinical Trial Equipment & Ancillary Solutions Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Phase I
• Phase II
• Phase III
• Phase IV

Clinical Trial Equipment & Ancillary Solutions Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Clinical Trial Equipment & Ancillary Solutions Market

• Ancillare, LP
• Imperial Clinical Research Services
• Woodley Equipment Company Ltd.
• Thermo Fisher Scientific, Inc.
• PPD, Inc.
• PAREXEL International Corp.
• MediCapital Rent
• Quipment SAS
• IRM
• Marken
• Myonex
• Yourway

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.

Dental Suction Systems Market Competitive Insight and Key Drivers 2021 to 2028: Grand View Research Inc.

 Dental Suction Systems Market Growth & Trends

The global dental suction systems market size is expected to reach USD 639.2 million by 2028, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. The growth is attributable to technological advancements in dental suction products. Moreover, an increasing number of dental surgical procedures is expected to contribute to the growth of the market. Technological advancements are also expected to favor market growth. For instance, Tyscor, a new suction unit, is energy-efficient and saves more than 50% of energy. The device is also lightweight & compact and it can convert the dry suction unit to a wet suction unit. In addition, the device is the first spray mist suction unit with radial technology in the dental market.

The patients and dental staff are at high risk to get infected by the spread of harmful aerosols that are generated during dental procedures. Many people during the COVID-19 pandemic actively avoided visiting hospitals and dental clinics frequently to protect themselves from getting infected by the coronavirus. According to the Agency for Healthcare Research and Quality, in August 2020, the outbreak of coronavirus disease in 2019 had led to the closure of approximately 198,000 active dental specialists and dentists’ offices in the U.S. This has reduced the number of dental procedures and affected the overall market.

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Dental Suction Systems Market Report Highlights

• The wet suction segment accounted for the largest revenue share of more than 54% in 2020 owing to the availability of a large number of products in the market
• Wet vacuum systems are compact, occupy less space, and the noise level during the procedure is low
• In addition, they are more affordable as compared to dry vacuum systems. These benefits are expected to drive the wet product segment over the forecast period
• The dental offices end-use segment accounted for the largest share of more than 55% in 2020 owing to the increasing number of specialists working in this work setting
• North America was the largest regional market in 2020 owing to the presence of key market players, supportive reimbursement policies, and quick adoption of advanced medical technologies

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Dental Suction Systems Market Segmentation

Grand View Research has segmented the global dental suction systems market on the basis of product, end-use, and region:

Dental Suction Systems Product Outlook (Revenue, USD Million, 2016 - 2028)

• Wet
• Dry

Dental Suction Systems End-Use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Dental Offices

Dental Suction Systems Regional Outlook (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
  • UAE

List of Key Players of Dental Suction Systems Market

• Becker Pumps Australia
• Cattani
• Dental International
• Metasys Dental
• Eschmann
• Ads Dental System
• Ko-Maxkorea
• A-dec, Inc.
• Dentsply Sirona
• Dentalez, 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.

Magnetoencephalography Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2028

 Magnetoencephalography Market Growth & Trends

The global magnetoencephalography market size is expected to reach USD 353.9 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2021 to 2028. The growing frequency of new product launches and the rise in the incidence of neurological disorders such as epilepsy and stroke are key factors driving the market. In addition, the growing geriatric population is also expected to drive the growth of the market, since they are more prone to neurodegenerative diseases. According to the World Health Organization, neurological disorders are a leading cause of death, accounting for 12.0% of all deaths worldwide.

Magnetoencephalography (MEG) technologies detect the weak magnetic fields created in the brain and use them to quantify brain functionality and map brain activity. In a clinical setting, MEG provides several inherent applications. Scans can be performed in a safe and silent atmosphere due to the passive nature of the recordings, which even allows a patient's companion to be present within the shielded area. According to a systematic review of the Global Burden of Disease study published in JAMA Neurology in 2017, non-communicable neurological disorders caused a considerable and growing burden in the United States, thus, expected to boost the market growth.

The market's prominent competitors are acquiring medium and small-sized businesses to expand their product portfolio and enhance their manufacturing capacity. For instance, in December 2020, the Magnetic Shields Limited (MSL) of Kent in partnership with the University of Nottingham has developed Cerca Magnetics Limited, a new spin-out company that will deliver the world's most advanced functional wearable brain scanner to market. It is designed to let people move around freely while being scanned.

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Magnetoencephalography Market Report Highlights

• By application, the clinical segment dominated the MEG market and accounted for the largest revenue share of over 56.0% in 2020, and is further expected to continue its dominance throughout the forecast period
• The clinical segment is further sub-segmented into dementia, autism, schizophrenia, multiple sclerosis, stroke, epilepsy, and others, in which the epilepsy sub-segment held the largest market share owing to its increasing prevalence worldwide
• Based on end-use, the hospital segment held the largest revenue share in 2020, owing to the increasing number of hospitals in developing countries and growing competition in healthcare service providers
• The imaging center segment is expected to experience the fastest growth rate during the forecast period due to its convenience, proximity, lower costs to patients, and presence of insurers
• In Asia Pacific, the market is anticipated to witness the fastest CAGR of 5.6% over the forecast period due to the presence of untapped opportunities in the emerging economies of China and India

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Magnetoencephalography Market Segmentation

Grand View Research has segmented the global magnetoencephalography market based on application, end-use, and region:

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

• Clinical
  • Dementia
  • Autism
  • Schizophrenia
  • Multiple Sclerosis
  • Stroke
  • Epilepsy
  • Others
• Research

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

• Hospitals
• Imaging centres
• Academic and research institutes

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

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

List of Key Players of Magnetoencephalography Market

• Compumedics Limited
• Croton Healthcare
• Ricoh USA, Inc.
• CTF MEG International Services LP 
• FieldLine 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.

Brazil High-Level Disinfectants & Terminal Sterilization Services Market to Witness a Pronounce Growth During 2021 – 2028: Grand View Research Inc.

 Brazil High-Level Disinfectants & Terminal Sterilization Services Market Growth & Trends

The Brazil high-level disinfectants and terminal sterilization services market size is expected to reach USD 3.36 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.7% from 2021 to 2028. The current advent of novel COVID-19 pandemic has led to the growing demand for high-level disinfectants & terminal sterilization services in the Brazilian market. As more and more individuals are getting infected, it is likely to create the demand for critical care equipment, which is leading to significant demand for high-level disinfectants & terminal sterilization equipment. This is anticipated to provide plenty of opportunities for market players in the country.

Increasing incidence of food poisoning due to the lack of maintenance of proper household hygiene may boost the demand for domestic disinfectant solutions. For instance, according to the Brazilian Ministry of Health, around 1,524 outbreaks of food-borne diseases were recorded between 2000 and 2018, with 219,909 individuals sickened and 167 deaths. This is, in turn, boosting the market growth.

Moreover, increasing pressure on commercial sectors to adhere to stringent rules and regulations framed by government regulatory agencies is boosting the demand for disinfectants and sterilization services in these industries. For instance, every year, around 80% of hotels and motels in Brazil experience problems due to the presence of mosquitoes, giving rise to a negative reaction from various social media platforms. As a result, the hospitality industries are significantly increasing the usage of disinfectants and urging their employees to maintain proper hygiene.

Furthermore, the introduction of innovative products and the incorporation of new technologies by market players are expected to contribute to the market growth during the forecast period. For instance, in November 2020, Matachana Group introduced the new S1500 Series. It is a bulk-capacity steam sterilizer with multiple advantages, such as easy maintenance and easy connectivity, which can be used at research centers and laboratories.

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Brazil High-Level Disinfectants & Terminal Sterilization Services Market Report Highlights

• By compound, the aldehydes segment dominated the overall market with a share of 29.61% in 2020. This is due to the high prevalence of HAIs caused due to the improper reprocessing of surgical units
• On the basis of type, the ethylene oxidesegment dominated the market with a share of 34.96% in 2020 owing to the wide application of this technique in sterilizing most medical devices
• Based on end use, the hospitals segment dominated the market with a share of 54.00% in 2020 owing to a rise in the number of surgical procedures and a continuously growing patient pool in Brazil

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Brazil High-Level Disinfectants & Terminal Sterilization Services Market Segmentation

Grand View Research has segmented the Brazil high-level disinfectants and terminal sterilization services market on the basis of compound, type, and end-use:

Brazil High-Level Disinfectants & Terminal Sterilization Services Compound Outlook (Revenue, USD Million, 2016 - 2028)

• Aldehydes
• Hydrogen Peroxide
• Chlorine Compounds
• Others

Brazil High-Level Disinfectants & Terminal Sterilization Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Ethylene Oxide
• Irradiation
• Moist Heat Sterilization
• Others

Brazil High-Level Disinfectants & Terminal Sterilization Services End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

List of Key Players of Brazil High-Level Disinfectants & Terminal Sterilization Services Market

• ASP (Fortive Corporation)
• Limpidus
• Morhena Group
• Steris Plc
• Sigex
• BSS (Hospitalar)
• Sterigenics U.S., LLC (Sotera Health Company)
• Getinge AB
• Cantel Medical
• 3M
• Matachana Group
• Baumer S. A.
• CISA Production S.R. L.
• Olympus Corporation
• Lifemed
• Steelco S.p.A.
• Souza &Filhos
• Fonseca Servicos De Outsourcing
• Brazil Cleaning Services
• Mudanjiang Plasma Physical Application Technology Co., Ltd. (CASP)
• Laoken Technology Co. Ltd.
• Endoclear
• GFE do Brasil
• Choyang Medical Industry 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.

Wealth Management Software Development is Changing

 

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The wealth management system helps businesses to keep transaction accounts and efficiently manage wealth. The technological advancement in the field of blockchain and Artificial Intelligence (AI) is expected to drive market growth over the forecast period. The AI system efficiently tracks the expenditures of the customer and advises them accordingly. The blockchain and AI track the expense and the record pattern of the customer and make estimates accordingly. Based on these estimates, the system produces advice and provides assistance to the customer to effectively manage the expenses.

The Stress-Reducing Benefits Of Aromatherapy

 

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Aromatherapy is considered as an alternative medicinal therapy that helps recover from various disorders, including pain, cardiovascular disorders, respiratory disorders, skin-related problems, cold and cough, digestion problems, immune system dysfunction, insomnia, anxiety, and wounds. Women are usually more concerned about acne scars, and people with acne-related problems often opt for therapeutic-grade essential oils.

Railway Telematics Market is Likely To Touch USD 18.82 Billion by 2028: Grand View Research Inc.

 Railway Telematics Market Growth & Trends

The global railway telematics market size is expected to reach USD 18.82 billion by 2028, expanding at a CAGR of 7.5%, from 2021 to 2028, as per the research conducted by Grand View Research, Inc. Increasing government initiatives aimed at introducing smart railways, rapid urbanization, and the evolution of smart cities globally are some of the key factors driving the market growth. Governments across the globe are emphasizing smart city initiatives to speed up operational activities in public transport services and offer better infrastructure for transportation.

Countries such as Germany, India, France, and Canada have recognized the benefits of expanding railway infrastructure and its positive impact on the economy. As a result, OEMs and numerous countries are investing in railway infrastructures. For instance, Digitaler Bedienplats of Germany and Commande Centralisee de Reseau of France have declared their plans of deploying digital interlocking technology across several systems by 2033 and 2035. In May 2021, Etihad Rail, UAE's national railway network, entered into a strategic agreement with Transportr, a digital freight service provider, to digitize the company’s railway fleet. Various developed and developing economies such as India, U.S., Germany, and Canada are putting increased focus on innovation and R&D and are adopting various technologies in their rail infrastructure to overcome mobility challenges.

Europe is home to some of the prominent players in the market for railway telematic, including OEMs such as Alstom, DB Cargo, Knorr-Bremse, and Siemens AG. These companies hold a majority share in the market. Several railway operators are replacing old technologies with progressive train-signaling and control systems. For instance, European Railway Traffic Management System (ERTMS) Level 2, designed and developed by Trans-European Rail Network, provides speed control systems and signaling solutions for interoperability across railways in Europe.

The COVID-19 pandemic lockdowns and travel restrictions imposed by various governments hampered freight and logistics activities globally during the first half of 2020, negatively impacting the market growth. This has led to a significant decline in the overall demand for telematics services. However, the gradual ease in lockdown restrictions and the revival of logistics, freight activities, and business activities are expected to help the market gain traction over the forecast period.

Some of the dominant players in the market are Hitachi Ltd., Siemens AG, Robert Bosch GmbH, Knorr-Bremse AG, and Alstom SA. These players majorly focus on strategic partnerships and mergers and acquisitions to enhance their business operations. In April 2021, Hitachi Rail acquired Perpetuum, a U.K.-based rail technology firm, to enhance Hitachi’s digital rail maintenance activities.

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Railway Telematics Market Report Highlights

• In terms of solution, the fleet management segment is expected to dominate the market over the forecast period, due to increasing freight activities globally. The segment is expected to reach USD 6.17 billion by 2028
• In terms of railcar, the refrigerated boxcars segment is anticipated to expand at the highest CAGR of 8.4% over the forecast period
• In terms of component type, the telematics control unit segment is expected to dominate over the forecast period. The segment is anticipated to reach USD 9.96 billion by 2028
• Europe is projected to account for the majority share of the market over the forecast period. The regional market is anticipated to reach USD 7.25 billion by 2028. The rapid adoption of technological innovations and the presence of several prominent players in the region are some of the key factors expected to work favorably for the market’s future growth prospects
• Some of the prominent industry participants are Hitachi Ltd., Siemens AG, Robert Bosch GmbH, Knorr-Bremse AG, and Alstom SA.

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Railway Telematics Market Segmentation

Grand View Research has segmented the global railway telematics market based on solution, railcar, component, and region:

Railway Telematics Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Fleet Management
• Automatic Stock Control
• Remote Data Access
• Railcar Tracking and Tracing
• Others

Railway Telematics Railcar Outlook (Revenue, USD Million, 2018 - 2028)

• Hoppers
• Tank Cars
• Well Cars
• Boxcars
• Refrigerated Boxcars
• Others

Railway Telematics Component Type Outlook (Revenue, USD Million, 2018 - 2028)

• Telematics Control Unit
• Sensors

Railway Telematics Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Railway Telematics Market

• Siemens AG
• Hitachi Ltd.
• Alstom SA
• Knorr-Bremse AG
• Robert Bosch GmbH

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.

Outdoor Living Structure Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Outdoor Living Structure Market Growth & Trends

The global outdoor living structure market is expected to reach USD 2.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2021 to 2028. Growing trend of utilizing the garden areas or, backyards to extend the building structures into dining areas, working spaces, grill areas are expected to propel the market growth over the forecast period.

As per a survey published by the National Kitchen & Bath Association (NKBA) for 2020-21, the adoption of outdoor living projects interest has grown by about 65% in the U.S. in comparison to the past few years. Furthermore, the demand for outdoor kitchen setups is expected to be highest, followed by patios and decks, and screened porches & three season rooms.

The stay-at-home restrictions imposed by governments across several countries amid the outbreak of the COVID-19 pandemic are expected to create new growth opportunities for the market. Companies offering perpetual work from home opportunity to employees has enabled homeowners to renovate their existing spaces into office spaces, mini gaming zones, grilling spaces, mini-gymnasiums, and yoga spaces.

The market is 100% customer-driven, i.e., these structures are built as per the specifications provided by the customers. In addition, the raw materials are also selected as per consumer preferences. This has led to market domination by local players confined to specific regions, however, companies including Absolute Outdoor Living, Corradi, Outdoor World are improving market penetration via contractors, and architects.

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Outdoor Living Structure Market Report Highlights

• The pavilions/gazebo segment is expected to grow at the fastest CAGR of 6.9% over the forecast period owing to the structure having its own flooring and partly closed sides, thus improving placement and application options.
• Furthermore, increasing use of the product for adding aesthetics near mini bars near pools, fireplace-based gatherings, and entertainment zones is expected to propel market growth over the forecast period.
• North America dominated the market with a revenue share of 43.4% in 2020. This is attributed to the growing popularity of the concept of ‘outdoor living’ among consumers as it offers relaxation, leisure time to spend with family and friends, and a way to get connected to nature.
• The European outdoor living structure market is driven by key factors such as demand for improved and luxurious lifestyle, increasing per capita income, presence of developed economies and rising investments in residential constructions and landscaping projects.
• Several companies are offering app-based AI solutions for customers to update their preferences regarding the design of structures, materials to be used, tiles colors& designs, and size of structures as per the desired applications. For instance, Absolute Outdoor Living offers a StruXure Outdoor app, which is controlled by its partner, Somfy Systems Inc.

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Outdoor Living Structure Market Segmentation

Grand View Research has segmented the global outdoor living structure market on the basis of product and region:

Outdoor Living Structure Product Outlook (Revenue, USD Million; 2017 - 2028)

• Pavilions/Gazebos
• Pergolas/Patio

Outdoor Living Structure Regional Outlook (Revenue, USD Million; 2017 - 2028)

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

List of Key Players of Outdoor Living Structure Market

• Renson
• Outdoor Structure Company LLC
• Outdoor Living
• Absolute Outdoor Living
• Corradi
• Luxos
• IQ Outdoor Living
• Totally Outdoors
• Outdoor World
• Aussie Outdoor Living
• Bosman Homefront
• Scandia Canada

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.

Asia Pacific Plastics in Consumer Electronics Market Size is Expected To Reach USD 5.3 Billion by 2028

 Asia Pacific Plastics in Consumer Electronics Market Growth & Trends

The Asia Pacific plastics in consumer electronics market size is expected to reach USD 5.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Plastics resins such as polycarbonate (PC) and a blend of polycarbonate and acrylonitrile butadiene styrene (PC/ABS) are used in the manufacturing of casings for mobile phones and laptops housings due to their high impact resistance, lightweight, and high thermal conductivity properties.

The globalization of the manufacturing sector has propelled many electronic device-manufacturing companies to expand their manufacturing facilities or outsource their production to contract manufacturers based in other countries of Asia Pacific. This has propelled the manufacturers in overcoming the manufacturing and supply chain challenges. Factors such as low cost of production and lenient government regulations in Asia Pacific countries have been beneficial to major electronic brands.

The COVID-19 pandemic in 2020 disrupted the electronics supply chain since Chinese facilities were forced to shut down. This propelled electronic device manufacturers to diversify production facilities. Moreover, many China-based and international brands have shifted their assembling operations to India and Vietnam, where production costs are considerably lower than in China. In 2016, China’s labor costs accelerated due to the dependency of major electronic companies on China.

The dependency of electronic manufacturers from developed economies such as Europe and North America on Asia Pacific countries for electronics production coupled with rising demand for electronic devices across the world is expected to drive the demand for plastics in consumer electronics over the forecast period.

Mobile phone manufacturers in the Asia Pacific region including LG Electronics, SAMSUNG, OnePlus, and others provide technologically advanced mobile phones to meet the rising demand from the growing population. This has propelled the manufacturers to provide durable devices with a longer lifespan. This trend is expected to be followed throughout the forecast period propelling the demand for polycarbonate across mobile phone manufacturers in the region.

Strategic partnerships, capacity expansions, and new product developments are popular strategies adopted by a majority of the players operating in the plastics for consumer electronics market across the region. For instance, in January 2021, Celanese Corporation announced to establish a liquid crystal polymer polymerization plant in China to manufacture approximately 20 Tons of LCP per year to meet the growing demands. The first phase of the plant is expected to be completed in 2024.

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Asia Pacific Plastics in Consumer Electronics Market Report Highlights

• In terms of revenue, the polyamide segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
• The laptop monitor enclosure end-use segment dominated the market and accounted for more than 22.0% of the revenue share in 2020
• As of 2020, China accounted for more than 49.0% revenue share in the overall market. The growth is mainly due to China being among the leading consumer electronicsmarket globally.
• Polyplastics Co., Ltd, and Teijin Limited are emerging players in the Asia Pacific market in consumer electronics. The company provides its products in industries such as automobile, electronics, appliances, medical, health & beauty, and others

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Asia Pacific Plastics in Consumer Electronics Market Segmentation

Grand View Research has segmented the Asia Pacific plastics in consumer electronics market based on product, end use, and country:

Asia Pacific Plastics in Consumer Electronics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polycarbonate (PC)
• Liquid Crystal Polymers (LCP)
• PC/ABS Glass Filled Resins
• Bio-based Polycarbonate Resin
• Thermoplastic Elastomers
  • TPU
  • Recycled TPU
  • Others
• Polyamides
  • PA4T
  • PA9T
  • Amorphous Polyamides

Asia Pacific Plastics in Consumer Electronics End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• TV Frames
• Laptop Monitor Enclosures
• LCP Panels
• Portable Handheld Devices
• Wearables
• Mobile Phone bodies
• Appliances & White Goods
• Others

Asia Pacific Plastics in Consumer Electronics Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• China
• India
• Japan
• South Korea
• Southeast Asia

List of Key Players of the Asia Pacific Plastics in Consumer Electronics Market

• Celanese Corporation
• Covestro AG
• Mitsubishi Chemical Corporation
• SABIC
• Trinseo S.A.

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.

North America Polyphenylene Sulfide Compounds Market Revenue is Expected to Reach USD 355.02 Million by 2030: Grand View Research Inc.

 North America Polyphenylene Sulfide Compounds Market Growth & Trends

The North America polyphenylene sulfide compounds market size is expected to reach USD 355.02 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2030. Polyphenylene sulfide (PPS) compounds are widely used in various applications across the automotive industry including thermal management, water pumps, sensors, power control units, batteries, electric motors, electric control units, and extrusion tubes.

The use of PPS compounds helps in reducing fuel consumption and improving system integration. In addition, properties such as exceptional dimensional stability and resistance to mechanical stress and corrosive automotive fluids are augmenting the product demand in automotive applications in the region. The automotive application segment is expected to dominate the market throughout the forecast period owing to the favorable properties of PPS compounds and governmental regulations for vehicle weight reduction.

The polyphenylene sulfide compounds market in North America is expected to grow owing to the growing scope in various application sectors. In electrical and electronics applications, polyphenylene sulfide compounds find application in bobbins and connectors, hard disk drives, electronic housings, sockets, switches, lamp sockets, and microwave parts, among others. Properties of polyphenylene sulfide such as exceptional dimensional stability, heat and chemical resistance, impact resistance, moldability, and rigidity over a wide range of temperatures are significantly fueling the product demand in electrical and electronics applications.

The water supply/fluid management application segment is expected to be the fastest-growing segment over the forecast years. Polyphenylene sulfide compounds help to improve the performance of water supply/fluid management. Fluids and chemicals such as insect control chemicals, automotive fluids, mild acids, and several industrial materials flow through the liquid chemical pump. Hence, achieving chemical and wear resistance is a critical factor in improving the equipment life. This is likely to boost the demand for polyphenylene sulfide compounds in water supply/fluid management, which offers excellent chemical and wear resistance properties.

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North America Polyphenylene Sulfide Compounds Market Report Highlights

• In terms of revenue, the automotive application segment accounted for the largest share in 2020 and is expected to witness prominent growth over the forecast period
• In 2020, the U.S. accounted for the largest revenue share of more than 70.0% in the regional market. Increasing adoption of electric vehicles owing to growing government support in the form of subsidies is further expected to fuel the demand for polyphenylene sulfide compounds in electric vehicles in the country
• Increasing regulatory intervention by the U.S. Environmental Protection Agency (EPA) and the Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) regarding greenhouse gas emissions and fuel economy standards for vehicles is expected to drive the demand for polyphenylene sulfide in automotive application in the coming years
• Various strategic initiatives were recorded over the past few years, which fueled the growth of the market in North America. For instance, in March 2019, DIC Corporation announced to build a new production line of PPS compounds at its DIC Imaging Products USA, LLC facility in Oak Creek, Wisconsin

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North America Polyphenylene Sulfide Compounds Market Segmentation

Grand View Research has segmented the North America polyphenylene sulfide compounds market on the basis of application and country:

North America PPS Compounds Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Automotive
  • ADAS
  • Thermal Management
  • Water Pumps
  • Sensors
  • Power Control units
  • Batteries
  • Electric Motors
  • Electric Control units
  • Extrusion tubes
  • Others
• Oil & Gas
• Water Supply/Fluid Management
• Electrical & Electronics
• Aerospace
• Coatings
• Others

North America PPS Compounds Country Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• US.
• Canada
• Mexico

List of Key Players of North America Polyphenylene Sulfide (PPS) CompoundsMarket

• DIC Corporation
• Solvay S.A.
• Toray Industries, Inc.
• SK Chemicals
• SABIC
• Celanese 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.