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Friday, 22 October 2021

Industrial Automation And Control Systems Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

Industrial Automation And Control Systems Market Growth & Trends

The global industrial automation and control systems market size is expected to reach USD 288.93 billion by 2028, registering a CAGR of 8.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. The proliferation of digitized industrial solutions is paving the way for the growth of the industry globally. Manufacturing and healthcare facilities are heavily investing in the deployment of automation technologies to streamline and simplify their everyday operations. The discovery of new crude oil reserves and growing need for enhanced security and safety standards in oil refineries are driving the demand for Distributed Control System (DCS) in the oil and gas industry. Additionally, the manufacturing and water and wastewater industries are widely adopting SCADA systems owing to their benefits, such as scalability and reliability.

The prevalence of Industry 4.0 has given rise to substantial opportunities for market participants engaged in offering automation, robotics, intelligent control systems, and IIoT technologies to the manufacturing sector. Leading automation control system companies incorporate advanced technologies in their product offerings to help users simplify their daily activities. Additionally, companies are focused on innovating industry-specific customized solutions to reduce production costs, optimize efficiency with adequate resources, and standardize operations.

The spread of the COVID-19 virus had resulted in partial or complete closures of manufacturing facilities in several countries, halting the production for a prolonged duration. The crippling impact of the pandemic highlighted critical gaps in the manufacturing sector. Nevertheless, companies are rebuilding their sustainability plans and re-inventing their supply chain models by exploring automation possibilities to reduce the future impact of the crisis on the production lines. While in the pre-COVID era, automation was seen as a means to achieve cost reduction, innovation, and customer visibility, its purpose has now shifted to survival and damage limitation. According to Cairn, an Indian oil & gas plant, automation and digitization have helped the company to recover its daily production of 1.6 lakh barrels against 1.8 lakh barrels with less than one-third of its workforce, due to stringent quarantine measures.

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Industrial Automation And Control Systems Market Report Highlights

The market participants are primarily focused on implementing strategies such as partnerships, new product developments, mergers and acquisitions, and geographic expansions to stay competitive in the market
Growing investments and ongoing developments in the manufacturing sector are anticipated to propel the growth of the market. Industries such as automotive, aerospace, and heavy engineering are increasingly digitalizing and transforming their manufacturing processes
The market is witnessing a tremendous surge in the adoption of industrial robotsto attain accuracy and precision in the production processes. The segment is expected to register a CAGR exceeding 11.0% from 2021 to 2028
End users across the Middle East and Africa are making continuous investments to upgrade their traditional manufacturing facilities and adopt advanced automation practices, driving the adoption of industrial automation across the region

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Industrial Automation And Control Systems Market Segmentation

Grand View Research has segmented the global industrial automation and control systems market based on component, control system, vertical, and region:

Industrial Automation And Control Systems Component Outlook (Revenue, USD Billion, 2018 - 2028)

HMI
Industrial Robots
Control Valves
Sensors
Others

Industrial Automation And Control System Outlook (Revenue, USD Billion, 2018 - 2028)

DCS
PLC
SCADA
Others

Industrial Automation And Control Systems Vertical Outlook (Revenue, USD Billion, 2018 - 2028)

Aerospace & Defense
Automotive
Chemical
Energy & Utilities
Food & Beverage
Healthcare
Manufacturing
Mining & Metal
Oil & Gas
Transportation
Others

Industrial Automation And Control Systems Regional Outlook (Revenue, USD Billion, 2018 - 2028)

North America
- US.
- Canada
Europe
- UK.
- Germany
- France
Asia Pacific
- China
- India
- Japan
Latin America
- Brazil
- Mexico
Middle East and Africa (MEA)

List of Key Players of Industrial Automation And Control Systems Market

ABB
Emerson Electric Co.
Rockwell Automation, Inc.
Schneider Electric
Siemens AG
Honeywell International, 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.

Thursday, 21 October 2021

Non-Destructive Testing: Creating A Safer World

Know More- https://www.grandviewresearch.com/industry-analysis/non-destructive-testing-equipment-services-market

Projects deploying non-destructive testing techniques are completed in a lesser amount of time owing to fault detection at complex locations and irregular surfaces. Reducing possibility of failures is anticipated to fuel the demand for non-destructive testing in the forthcoming years. Besides, the efficiency of fault detection and the ease of operating ultrasonic equipment, as compared to other NDT equipment, are the major reasons leading to the increasing deployment of the ultrasonic test method. Furthermore, advancements in ultrasonic technology over the next eight years are expected to increase the adoption of this test procedure owing to its simplicity.

Light Gauge Steel Framing Growth In Construction Sector

Know More- https://www.grandviewresearch.com/industry-analysis/light-gauge-steel-framing-market

The construction projects that use light gauge steel framing are completed in a lesser amount of time as compared to those using concrete or wood as structural support, owing to pre-fabricated structures. This, in turn, is anticipated to fuel the product demand over the forecast period. The need to lower the production costs involved in the construction of buildings is also estimated to be one of the key factors responsible for market growth.

U.S. Medical Device Outsourcing Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

U.S. Medical Device Outsourcing Market Growth & Trends

The U.S. medical device outsourcing market size is expected to reach USD 46.2 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2021 to 2028. The growing geriatric population, rising surgical procedures, and increasing demand for cost curbing tools are some key growth drivers for the U.S. market.

The medical device industry has become competitive and categories such as coronary stents, orthopedic devices, and wound care are moving towards maturity. As high-impact scientific innovation in the above categories is difficult to identify, smaller companies are gaining market share by offering low prices and introducing innovative business models.

Due to the convergence of mounting challenges and changing market dynamics, many medical device manufacturers have opted for outsourcing business models to reduce cost, manage business risks, and improve service delivery. All the aforementioned facts are hence expected to propel the market growth over the forecast period.

The development of medical devices and supplies required in assisting COVID patients and medical professionals is increasing. The government authorities have escalated funds for the research & development of essential devices, thus increasing the demand in the U.S. market. Major companies have solely relied on contract manufacturers to ramp up the production of COVID-19-related medical components, such as test kits, ventilators, and respirators. The major reasons for outsourcing amid the COVID crisis include a streamlined supply chain, costing efficiencies, and logistical alignment.

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U.S. Medical Device Outsourcing Market Report Highlights

Based on service, the contract manufacturing segment dominated the market with a share of 55.5% in 2020 owing to the growing trend of outsourcing by OEM to third-party manufacturers, especially in emerging countries
Regulatory consulting services are projected to exhibit a significant growth rate over the forecast period. Complex regulatory requirements related to writing and submission of clinical study reports promote outsourcing of noncore regulatory functions, such as regulatory writing and publishing
By application, class II medical devices held the largest share of 67.2% in 2020 and are expected to dominate the U.S. market throughout the forecast period
Mergers and acquisitions and capacity expansion are a few of the common strategies adopted by market players to gain a competitive edge in the market
In February 2020, Teleflex acquired HPC Medical Products (HPC), a company involved in medical tubing and wire components. The acquisition will help Teleflex to strengthen its catheter contract manufacturing capabilities

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U.S. Medical Device Outsourcing Market Segmentation

Grand View Research has segmented the U.S. medical device outsourcing market based on service and application:

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

Quality Assurance
Regulatory Consulting Services
- Clinical trials applications and product registrations
- Regulatory writing and publishing
- Legal representation
- Other
Product Design and Development Services
- Designing & engineering
- Machining
- Molding
- Packaging
Product Testing & Sterilization Services
Product Implementation Services
Product Upgrade Services
Product Maintenance Services
Contract Manufacturing
- Accessories manufacturing
- Assembly manufacturing
- Component manufacturing
- Device manufacturing

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

Class I
Class II
Class III

List of Key Players of U.S. Medical Device Outsourcing Market

Integer Holdings Corporation
Avail Medical Products Inc.
Active Implants
Omnica Corporation
Teleflex Inc.
Kinematic Climax, Inc.
Cantel Medical Corporation

About Grand View Research

Healthcare Analytics Market Projected To Be Worth USD 129.7 Billion By 2028: Grand View Research Inc.

Healthcare Analytics Market Growth & Trends

The global healthcare analytics market size is expected to reach USD 129.7 billion by 2028 and is expected to expand at a CAGR of 23.8% over the forecast period, according to a new report by Grand View Research, Inc., The rising need to enhance patient outcomes simultaneously focusing on reducing expenses is supporting the growing need for analytical solutions in the industry. Moreover, analytical solutions developers and providers are introducing advanced analytical solutions, which is further boosting revenue growth.

The covid-19 pandemic has strained the global healthcare systems and is supporting the growing demand for analytical solutions. Furthermore, during the pandemic analytical solutions providers have made technological advancements allowing healthcare systems to overcome the physical restrictions of labor and capital, and venture new sources of growth. The industry uses these solutions in tracking facility capacity, evaluating and identifying high-risk patients.

The services segment dominated the market owing to the growing trend of healthcare and life science companies outsourcing these analytical services since they lack the capabilities and resources for the same. Descriptive analysis dominates the analytics industry due to the growing demand for quantifiable and descriptive analysis to holistically analyze historic business performances and trends. On the other hand, predictive analysis is anticipated to grow lucratively owing to the growing adoption rates of advanced analytical solutions in predicting future outcomes.

Financial systems using analytical solutions dominated the market with the growing trend of integrating analytical solutions in government and private healthcare settings to prevent frauds and maximize cost savings. Although on-premises deployment dominated the market due to ease of accessibility and minimum costs, cloud deployment is expected to grow tremendously with the growth of web-based and internet services enhancing accessibility. Life science companies extensively use analytical solutions in improving the accuracy and efficacy of their products and services. Healthcare providers are witnessing a rise in adoption rates of analytics with the growing use of analytical solutions in hospitals and clinics especially.

North America dominated the market in 2020 owing to the significant growth in adoption rates of advanced analytical solutions, increasing geriatric population coupled with rising prevalence of chronic diseases, growing economic development supporting the development of infrastructure and facilities. The Asia Pacific on the other hand is anticipated to grow at a lucrative growth rate over the forecast period owing to advancements in infrastructure, rapidly growing healthcare industry, rising government and private investments, and availability of highly skilled labor is supporting the growth of the market in the region.

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Healthcare Analytics Market Report Highlights

The market is expected to grow well over the forecast period due to the growing adoption rates of analytical solutions and the emergence of advanced analytical solutions designed for the healthcare industry
The services segment dominated the market in 2020 owing to the rising trend of outsourcing analytical solutions and services
The descriptive analysis segment dominated the market in 2020, owing to the growing demand for descriptive analysis to understand business performance based on historic data
The financial application segment dominated the market in 2020, owing to the increasing adoption of analytical solutions to curb frauds and assess risk
The on-premise delivery mode segment dominated the market in 2020 owing to easy access to these analytical solutions from remote locations
The life science companies segment dominated the market in 2020 owing to the growing demand for analytical solutions in the pharmaceutical, medical devices, and biotechnology sectors
North America dominated the market in 2020 owing to the emergence of advanced analytical solutions and advancements in infrastructure

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Healthcare Analytics Market Segmentation

Grand View Research, Inc. has segmented the global healthcare analytics market on the basis of component, type, application, delivery mode, end-user, and region:

Healthcare Analytics Component Outlook (Revenue, USD Million, 2014 - 2028)

Software
Services
Hardware

Healthcare Analytics Type Outlook (Revenue, USD Million, 2014 - 2028)

Descriptive Analysis
Predictive Analysis
Prescriptive Analysis

Healthcare Analytics Application Outlook (Revenue, USD Million, 2014 - 2028)

Clinical
Financial
Operational & Administrative

Healthcare Analytics Delivery Mode Outlook (Revenue, USD Million, 2014 - 2028)

Web Hosted
Cloud Based
On-premise

Healthcare Analytics End-user Outlook (Revenue, USD Million, 2014 - 2028)

Life science Companies
Healthcare Payers
Healthcare Providers

Healthcare Analytics Regional Outlook (Revenue, USD Million, 2014 - 2028)

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

List of Key Players of Healthcare Analytics Market

McKesson Corporation
Optum, Inc
IBM
Oracle
SAS Institute, Inc
IQVIA
Verisk Analytics, Inc
Elsevier
Medeanalytics, Inc
Truven Health Analytics, Inc
Allscripts Healthcare Solutions, Inc
Cerner Corporation

About Grand View Research

Clinical Trial Supplies Market is Expected To Reach USD 2.9 Billion by 2028

Clinical Trial Supplies Market Growth & Trends

The global clinical trial supplies 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 witness growth at 6.0% CAGR owing to the Increasing volume of clinical trial studies coupled with the growing complexity in conduction of these trials are the primary driver of the industry. Furthermore, geographic expansion and development of Information Technology (IT) to facilitate higher integration and smooth performance of activities are other vitally impacting parameters. Over the next eight years, the clinical trials and pharmaceutical industry is anticipated to continue steady growth, thereby promoting the high requirement of clinical trial supplies.

U.S and Canada are home to majority of clinical trials which are conducted in this region. No language barrier is one of the major factors for the preference of this region for majority of clinical trials, as English language is widely spoken in this region. Major CRO’s and biopharmaceutical companies have their hub in this region and with advancement in technology the demand for efficient supplies is increasing and the region is expected to dominate the clinical trial supplies market over the forecast period.

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Clinical Trial Supplies Market Report Highlights

On the basis of clinical phase, the market is anticipated to be dominated by Phase III in 2025. The presence of large number of molecules estimated to reach Phase III by 2020 is the primary factor responsible for this prediction.
By services, storage and distribution is anticipated to witness the fastest growth at a CAGR of over 7.0%.
Key end-users of this industry are pharmaceuticals, and biologics. Biologics are expected to witness fastest growth owing to the increasing research in the field of genetics and biotechnology such as development of nanoparticle-based drug delivery systems.
In terms of therapeutic use or clinical indication, oncology dominates the market. The highest research activity as of 2016 is being performed for this indication, which in turn is expected to drive the market.
Few of the industry players include Movianto GmbH, Thermo Fischer Scientific, Sharp Packaging Services, Catalent Pharma Solution, Biocair International Ltd., PCI Services, Almac Group Ltd, and Patheon Inc. Other players present in the market space include Clinigen Group Plc, Merck Serono, and Chimerix.

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Clinical Trial Supplies Market Segmentation

Grand View Research has segmented the global clinical trial supplies market on the basis of clinical phase, product and services, therapeutic use, end-use, and region:

Clinical Trial Supplies Clinical Phase Outlook (Revenue, USD Million, 2016 - 2028)

Phase I
Phase II
Phase III
Other

Clinical Trial Supplies Product & Services Outlook (Revenue, USD Million, 2016 - 2028)

Manufacturing
Storage & Distribution
- Cold Chain Distribution
- Non-cold Chain Distribution
Supply Chain Management

Clinical Trial Supplies End-use Outlook (Revenue, USD Million, 2016 - 2028)

Pharmaceutical
Biologics
Medical device
Others

Clinical Trial Supplies Therapeutic Use Outlook (Revenue, USD Million, 2016 - 2028)

Oncology
CNS Disorders
Cardiovascular
Infectious Disease
Metabolic Disorders
Others

Clinical Trial Supplies Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America
- US.
- Canada
Europe
- Germany
- UK.
Asia Pacific
- China
- Japan
Latin America
- Mexico
- Brazil
MEA
- South Africa
- Saudi Arabia

List of Key Players of Clinical Trial Supplies Market

Almac Group
Biocair
Catalent, Inc.
KLIFO
Movianto (Walden Group)
PCI Pharma Services
Sharp
Thermo Fischer Scientific, Inc.
Marken
Parexel International Corporation

About Grand View Research

Veterinary Services Market Set to Witness an Uptick during 2021 to 2028: Grand View Research Inc.

Veterinary Services Market Growth & Trends

The global veterinary services market size is expected to reach USD 159.5 billion by 2028, registering a CAGR of 5.7% over the forecast years, according to a new report by Grand View Research, Inc. The market is predominantly driven by rising concerns regarding food security and safety thus encouraging the adoption of veterinary services to yield high-quality animal source foods. In addition, increasing pet adoption is a key contributing factor for the overall market growth.

The pet adoption rate spiked during the coronavirus pandemic as many individuals have been working from home. Many consider their pet as a family fellow. Thus, veterinary companies announced some new products, services, diagnostic tools, to cater to the demand. For example, in September 2020, Zoetis launched VetscanImagyst, a new diagnostic platform to detect intestinal parasites in pets.

In addition, the advent of risk-based management systems, designed to analyze real-time fluctuations in food-borne and zoonotic disease prevalence, encourage sanitary and phytosanitary services, thus widening the scope for growth of the market. The veterinary facilities play a critical role in risk aversion and facilitate the implementation of various guidelines issued by regulatory authorities to maintain overall food safety. It also facilitates the investigation of animal disease outbreaks and the implementation of remedial measures after an outbreak has been identified. The aforementioned factors are predicted to broaden the growth potential of the market.

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Veterinary Services Market Report Highlights

The production animal segment accounted for the largest revenue share in 2020 due to the high adoption of facilities for livestock to maintain biosecurity
Cattle held the largest share of the production animals segment in 2020 owing to increased penetration of services, such as hoof care and artificial insemination
The companion animal type segment is projected to grow at the fastest CAGR from 2021 to 2028 owing to an unprecedented increase in pet adoption due to associated health benefits for humans, such as greater psychological stability, lower blood pressure and reduced anxiety attacks
Dogs accounted for the largest share amongst companion animals in 2020 owing to growing awareness amongst pet owners about pet hygiene, thus resulting in increased demand for grooming facilities
North America dominated the global market in 2020 due to the presence of private veterinarians that directly supply these services to consumers
Asia Pacific is anticipated to register a significant CAGR from 2021 to 2028 as a result of high clinical urgency to curb zoonotic diseases and for the management of sudden disease outbreaks, such as Ebola and swine influenza
The market is highly fragmented and the key participants deploy strategies, such as regional expansion, to gain a competitive advantage
For instance, in June 2018, Mars Pet care entered the Europe regional market through the acquisition of AniCura and Linnaeus. This move has expanded the company’s geographical presence and strengthened its service offerings

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Veterinary Services Market Segmentation

Grand View Research has segmented the global veterinary services market on the basis of animal type and region:

Veterinary Services Animal Type Outlook (Revenue, USD Billion, 2016 - 2028)

Production Animal
- Cattle
  - Artificial Insemination
  - Hoof Care
  - Diagnostic Services
  - Others
- Poultry
  - Biosecurity
  - Reproductive Consulting
  - Diagnostic Services
  - Others
- Swine
  - Biosecurity
  - Reproductive Consulting
  - Diagnostic Services
  - Others
- Others
Companion Animal
- Dogs
  - Dental Care
  - Vaccinations
  - Grooming
  - Diagnostic Services
  - Others
- Cats
  - Dental Care
  - Vaccinations
  - Grooming
  - Diagnostic Services
  - Others
- Horses
  - Hoof Care
  - Dental Care
  - Artificial Insemination
  - Grooming
  - Others
- Others

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

North America
- US.
- Canada
Europe
- UK.
- Germany
- France
- Italy
- Spain
- Sweden
- Norway
- Denmark
- The Netherlands
Asia Pacific
- Japan
- China
- India
Latin America
- Brazil
- Mexico
Middle East & Africa
- South Africa

List of Key Players of Veterinary Services Market

Mars Inc.
Greencross Ltd.
National Veterinary Care Ltd.
Pets at Home Group PLC
CVS Group PLC
Ethos Veterinary Health
Addison Biological Laboratory
Armor Animal Health
PetIQ, LLC

About Grand View Research

Ophthalmic Packaging Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

Ophthalmic Packaging Market Growth & Trends

The global ophthalmic packaging market is expected to reach USD 17.7 billion by the end of 2028, according to a new report by Grand View Research, Inc. It is projected to expand at an 11.9% CAGR over the forecast period. The increasing global burden of ocular conditions and a growing number of ophthalmic clinics, hospitals, and ambulatory care centers are the factors driving the market growth. Additionally, the frequent introduction of new drug delivery systems and high demand for advanced packaging solutions is expected to fuel the market during the forecast period.

Increasing healthcare expenditure and rising disposable income are some of the prominent factors that are expected to drive a lot of patients towards advanced ophthalmic care. Furthermore, the growing number of advanced healthcare facilities such as eye hospitals and ophthalmic clinics across several regions and increasing awareness about preventive care, ocular disorders, and self-medications are some of the factors expected to aid the market growth.

The increasing geriatric population coupled with age-related ocular disorders is expected to increase the demand for ophthalmic products. Furthermore, the improving reimbursement policies for ocular surgeries including cataract & eye implants, and increasing awareness about ocular disorders and treatment options is expected to drive the market growth.

Government and non-government initiatives such as ocular screening programs and national healthcare programs are expected to increase the accessibility to ophthalmic healthcare. Furthermore, the initiatives such as an “economical free trade zone” & reducing approval time for the establishment of facilities will contribute to the establishment of new ophthalmic manufacturing facilities that are expected to increase the demand for the packaging materials over the forecast period.

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Ophthalmic Packaging Market Report Highlights

Multiple-dose ophthalmic packages held the largest market share in 2018 and are expected to grow at a significant rate over the forecast period. Increasing usage of multiple-dose packaging in OTC preparations coupled with the growing prevalence of common ocular disorders such as red eyes, dry eyes, and conjunctivitis are the major factors expected to drive the growth.
Based on material, plastics packaging material accounted for the largest share and is expected to grow at a significant rate over the forecast period. Low-density polyethylene (LDP) is the most preferred used resin due to its advantages such as flexibility, compatibility, affordability, and safety.
Based on type the ophthalmic packaging market is segmented into prescription and over-the-counter (OTC) products. The prescription type segment held the largest share in 2018 and is expected to grow at a significant rate over the forecast period.
North America held around 38.5% of the global ophthalmic packaging material market in 2018. Developed healthcare infrastructure, rising aging population, the prevalence of eye disorders, and the presence of stringent regulatory bodies are the factors contributing to the significant share.
Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period, with the presence of several small and large-scale ophthalmic manufacturing plants and large unmet healthcare needs.

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Ophthalmic Packaging Market Segmentation

Grand View Research has segmented the ophthalmic packaging market on the basis of dose, type, material, and regions:

Ophthalmic Packaging Dose Outlook (Revenue, USD Million, 2016 - 2028)

Multi Dose
Single Dose

Ophthalmic Packaging Type Outlook (Revenue, USD Million, 2016 - 2028)

OTC
Prescription

Ophthalmic Packaging Material Outlook (Revenue, USD Million, 2016 - 2028)

Glass
Plastic
Others

Ophthalmic Packaging Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Ophthalmic Packaging Market

Amcor Ltd.
- West Pharmaceutical Service Inc.
- Gerresheimer AG
- BD
- Schott AG
- Aptar Group

About Grand View Research

Healthcare Contract Development And Manufacturing Organization Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

Healthcare Contract Development & Manufacturing Organization Market Growth & Trends

The global healthcare contract development and manufacturing organization market size is anticipated to reach USD 388.3 billion by 2028, expanding at a CAGR of 8.6%, according to a new report by Grand View Research, Inc. Increasing outsourcing of R&D is one of the major factors contributing to the market growth.

Healthcare contract development and manufacturing organization (CDMO) provides outsourcing services to various pharmaceutical industries on contract basis. Increase in the outsourcing by pharmaceutical companies, growing pharmaceutical industry, and support of CDMOs in reducing the operational and capital expenses are some of the major factors anticipated to propel the market growth over the forecast period.

In addition, growing pressure on pharmaceutical and medical device companies to follow stringent timelines has increased the demand for outsourcing development and manufacturing activities to CDMOs. Further, due to increasing demand for medical devices in the emerging countries, various companies are shifting their focus on research and development and outsourcing medical devices. Also, rise in outsourcing of R&D and growing competency of CDMOs are expected to further contribute to the growing demand for early-stage development CDMOs by life science companies.

However, increasing logistic costs, serialization issues faced by healthcare organizations, and threat of infringement of Intellectual Property (IP) rights are anticipated to restrain the market growth for healthcare contract development & manufacturing organization over the forecast period.

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Healthcare Contract Development & Manufacturing Organization Market Report Highlights

The contract manufacturing segment dominated the market with a revenue share of 72.7% in 2019 due to increase in the outsourcing of manufacturing services by pharmaceutical and medical device companies
The preclinical segment is expected to register the highest CAGR of 8.6% over the forecast period due to rising prevalence of many lifestyle-influenced diseases
North America dominated the healthcare contract development and manufacturing organization market with the largest revenue share of 41.2% in 2019 owing to the presence of large number of CROs and CMOs in the region
The Asia Pacific region is projected to witness the fastest growth during the forecast period owing to low-cost service offered by Asian CROs and CMOs
Some of the key market players are Catalent Inc.; Lonza Group Ltd.; Recipharm AB; Siegfried Holding AG; Thermo Fisher Scientific Inc.; Covance Inc.; Jabil Inc.; Sanmina Corporation; IQVIA Holdings Inc.; and Flex Ltd.

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Healthcare Contract Development & Manufacturing Organization Market Segmentation

Grand View Research has segmented the global healthcare contract development & manufacturing organization market based on services and region:

Healthcare Contract Development And Manufacturing Organization Services Outlook (Revenue, USD Billion, 2016 - 2028)

Contract development
- Small Molecule
  - Preclinical
    - Bioanalysis and DMPK studies
    - Toxicology Testing
    - Other Preclinical Services
  - Clinical
    - Phase I
    - Phase II
    - Phase III
    - Phase IV
  - Laboratory Services
    - Bioanalytical Services
    - Analytical Services
  - Large Molecule
    - Cell Line development
    - Process Development
      - Upstream
        Microbial
        Mammalian
        Others
      - Downstream
        MABs
        Recombinant proteins
        Others
      - Others
    - Contract manufacturing
      - Small Molecule
      - Large Molecule
        MABs
        Recombinant proteins
        Others
      - High Potency API
      - Finished Dose Formulations
        Solid Dose Formulation
        Liquid Dose Formulation
        Injectable Dose Formulation
      - Medical Devices
        Class I
        Class II
        Class III

Healthcare Contract Development And Manufacturing Organization Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Healthcare Contract Development And Manufacturing Organization Market

Catalent Inc.
Lonza Group Ltd.
Recipharm AB
Siegfried Holding AG
Thermo Fisher Scientific Inc.
Covance Inc.
Jabil
Sanmina Corporation
IQVIA Holdings Inc.
Flex

About Grand View Research

Wednesday, 20 October 2021

Flexitanks Market is Expected to Amplify USD 3.31 Billion Value by 2028: Grand View Research Inc.

Flexitanks Market Growth & Trends

The global flexitanks market size is expected to reach USD 3.31 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.0% from 2020 to 2028. The rising global trade of various liquid food products, chemicals, pharmaceuticals, and industrial products is principally augmenting the market growth.

Lower costs associated with flexitanks compared to conventional bulk liquid transport containers, such as ISO containers, IBCs, drums, and barrels, are likely to propel their demand. Furthermore, flexitanks carry higher payloads than IBCs and drums, which prove them to be a more economical means of bulk transportation.

A majority of the flexitanks are designed for single-use, which reduces the risk of packed product contamination. This superior protection against contamination makes them an ideal bulk packaging choice for food-grade liquids and pharmaceuticals. In addition, flexitanks do not require the forklift or other mechanism, which makes loading and unloading much faster. The aforementioned factors are attracting several application industries.

Low cost as compared to multi-trip flexitanks, wide availability, and lower risk of contamination are the key factors responsible for the high adoption of single-trip products. However, increasing sustainability trend is likely to restrain the growth of the single-trip flexitanks. Moreover, increasing demand for packaged liquid products, such as juices, and wines and spirits, on account of the rising penetration of the organized retail sector and substantial growth of the middle-class population, especially in emerging countries like China and India, is expected to fuel the market growth.

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Flexitanks Market Report Highlights

The single-trip product segment accounted for the largest share of 93.8% in terms of revenue in 2020 owing to the excellent protection against contamination, low cost, wide availability, and non-requirement of cleaning as they are expendable
The foodstuffs application segment is anticipated to expand at the fastest revenue-based CAGR from 2020 to 2028. Increasing demand for packaged beverages and liquid food additives are mainly contributing to the growth of the segment
The chemicals application segment is expected to witness substantial growth from 2020 to 2028. The growth can be attributed to the increasing popularity of flexitanks, along with the fact that all non-toxic liquid chemicals can be transported using flexitanks
Asia Pacific emerged as the leading regional market and accounted for 64.43% share of the total volume in 2020. Increasing commodity trade, along with higher market penetration, is expected to spur the regional market growth
The market is highly fragmented with the presence of a significant number of medium-sized companies. Key players are focusing on competitive product pricing and introducing new products within the market to attract end-user companies

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

Flexitanks Market Segmentation

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

Flexitanks Product Outlook (Volume, Units; Revenue, USD Thousand, 2017 - 2028)

Single-trip
Multi-trip

Flexitanks Application Outlook (Volume, Units; Revenue, USD Thousand, 2017 - 2028)

Foodstuffs
Wine & Spirits
Chemicals
Oils
Industrial Products
Pharmaceutical Goods

Flexitanks Regional Outlook (Volume, Units; Revenue, USD Thousand, 2017 - 2028)

North America
- US.
Europe
- Germany
- UK.
- France
- Belgium
- Netherlands
Asia Pacific
- China
- India
- Singapore
Central & South America
- Brazil
Middle East & Africa

List of Key Players of Flexitanks Market

Qingdao BLT Packing Industrial Co., Ltd. (BLT)
Braid Logistics UK Ltd.
Bulk Liquid Solutions Pvt. Ltd.
Büscherhoff Packaging Solutions GmbH
Environmental Packaging Technologies, Inc.
Full-Pak
K Tank Supply Ltd.
Mak & Williams Flexitank Supply Ltd.
MY FlexiTank (MYF)
KriCon Group BV
Qingdao LAF Packaging Co., Ltd.
SIA FLEXITANKS
Yunjet Plastics Packaging
Trans Ocean Bulk Logistics Ltd.
TRUST Flexitanks

About Grand View Research

Luxury Jewelry Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

Luxury Jewelry Market Growth & Trends

The global luxury jewelry market size is anticipated to reach USD 70.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.2% from 2021 to 2028. The growth of the market is predicted to be driven by increased demand for high-end fashion items and rising disposable income levels. Product demand is also projected to be boosted by rising customer desire for branded jewelry. Consumers are willing to spend more money on branded and high-end jewelry to express their personal style.

The growing demand for bespoke projects reflects the luxury industry's need for personalization, but it's also directly tied to upcycling. Louis Vuitton used to buy cut gems, but after observing a boom in demand for one-of-a-kind pieces, they began buying uncut stones and working directly with clients to select their final forms. Brands also seek to offer fresh takes on the diamonds themselves, in addition to innovative designs. LVMH patented two distinctive diamond cuts in the shapes of a flower and a star, as well as its monogram.

Many contemporary jewelers have been employing recycled gold for years, while others, such as Lilian Von Trapp and Vieri, work entirely with it. Kering reported 88% traceability for key raw materials during the annual ChangeNow summit in January, a crucial metric for businesses to utilize to check their environmental impacts and sustainability claims. Kering is investing in technology and innovation to assist its sustainability goals, and has built a materials innovation lab for jewelry and watches innovation that is both sustainable and innovative.

Retailers are depending less on purchases made for "special occasions.” The share of online jewelry sales in the United States and Western Europe doubled in 2019. Subscription businesses such as Switch, MintGoose, and Pura Vida Jewelry Club allow buyers to borrow high-end jewelry for a fraction of the price of buying it outright.

Request a free sample copy or view report summary: Luxury Jewelry Market Report

Luxury Jewelry Market Report Highlights

The gold segment accounted for the largest revenue share of 38.9% in 2020 and is expected to expand at a CAGR of 8.4% over the forecast period of 2021 to 2028
The ring segment accounted for the largest revenue share of 32.2% in 2020 and is estimated to witness a CAGR of 8.6% over the forecast period
The offline segment dominated the market and accounted for the largest revenue share of 81.9% in 2020
Asia Pacific accounted for the largest revenue share of 65.4% in 2020

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

Luxury Jewelry Market Segmentation

Grand View Research has segmented the global luxury jewelry market on the basis of raw material, product, application, distribution channel, and region:

Luxury Jewelry Raw Material Outlook (Revenue, USD Million, 2016 - 2028)

Gold
Platinum
Diamond
Precious Pearls
Gemstones
Others

Luxury Jewelry Product Outlook (Revenue, USD Million, 2016 - 2028)

Necklaces
Ring
Earrings
Bracelets
Others

Luxury Jewelry Application Outlook (Revenue, USD Million, 2016 - 2028)

Men
Women
Children

Luxury Jewelry Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

Online
Offline

Luxury Jewelry Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America
- US.
Europe
- UK.
- Germany
Asia Pacific
- China
- India
Central & South America
- Brazil
Middle East & Africa
- UAE

List of Key Players of Luxury Jewelry Market

Guccio Gucci S.p.A.
The Swatch Group Ltd.
Richemont
Tiffany & Co.
GRAFF
Louis Vuitton SE
Signet Jewelers Limited
Chopard International SA
MIKIMOTO
Pandora Jewelry, LLC

About Grand View Research

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