Process Mining Software Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Process Mining Software Market Growth & Trends

The global process mining software market size is estimated to reach over USD 7.95 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 50.1% from 2021 to 2028. The increasing awareness about the need to understand and analyze business processes driven by digital transformation is one of the key factors driving market growth. Additionally, the constant increase in data volumes across industries is driving the demand for process mining software and services.

Restrictions imposed on global imports and exports amid the COVID-19 pandemic hampered the operations of industries such as transportation, logistics, and manufacturing. The resultant shortage of resources encouraged businesses to seek new opportunities for cloud-based solutions and adopt automation technologies.

Process mining software combines Business Intelligence (BI), analytics, automation, critical change agents, and Artificial Intelligence (AI) functions to help enterprises bridge the gap in siloed data scattered across various business processes. Process mining also assists organizations in discovering and fixing the inadequacies impeding the performance of business processes.

The market has also benefitted from the high volumes of data and the growing need to generate insights from data distributed across enterprises. Businesses are in desperate need of tools that can enable efficient data processing and data mapping. This, in turn, is boosting the demand for process mining software solutions that offer features such as automated process mapping and fact-based insights.

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Process Mining Software Market Report Highlights

• In terms of component, the software segment dominated the market in 2020 and is projected to retain its dominance over the forecast period. This can be attributed to the increase in demand from enterprises for software solutions that can be easily integrated into their prevailing BI infrastructure. The services segment is anticipated to register the highest CAGR of around 56.0% over the forecast period
• Based on deployment, the cloud segment reported the largest revenue share in 2020 and it is expected to register the maximum growth rate over the forecast period. This can be attributed to the rising acceptance of the remote work model and adoption from small and medium as well as large enterprises to integrate cloud technologies into their existing infrastructure. The on-premise segment is expected to grow at a significant rate throughout the forecast period
• In terms of industry vertical, the BFSI industry segment accounted for the largest revenue share in 2020 and is expected to dominate the market throughout the forecast period. As customers are increasingly adopting digital devices and bank competitors are implementing digital technologies, banks and financial services organizations are striving to enhance customer experience and offer better services. Meanwhile, the consumer goods and services industry segment is anticipated to expand at the highest CAGR of over 56.6% over the forecast period
• Europe dominated the market in 2020 and is expected to retain its dominance over the forecast period. This can be attributed to the growing demand for analytics solutions from small & medium as well as large enterprises in the region. Meanwhile, Asia Pacific is anticipated to register the highest CAGR of around 53.9% over the forecast period

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Process Mining Software Market Segmentation

Grand View Research has segmented the global process mining software market based on component, deployment, application, industry vertical, and region:

Process Mining Software Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

Process Mining Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Cloud

Process Mining Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Strategic Sourcing
• Contract Management
• Category Management
• Transactional Procurement
• Supplier Management

Process Mining Software Industry Vertical Outlook (Revenue, USD Million, 2016 - 2028)

• Manufacturing
• Healthcare
• BFSI
• Consumer Goods & Services
• Telecommunications & IT
• Logistics & Transportation
• Others

Process Mining Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Process Mining Software Market

• ABBYY Solutions Limited
• Celonis GmbH
• Fluxicon BV
• Hyland Software, Inc.
• Minit
• myInvenio, an IBM Company
• QPR Software Plc
• SAP
• Software AG
• UiPath, 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.

Baby Care Products Market Growth With Worldwide Industry Analysis To 2028: Grand View Research Inc.

 Baby Care Products Market Growth & Trends

The global baby care products market size is expected to reach USD 25.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.3% from 2021 to 2028. The shifting consumer preferences toward high-quality and clean-label baby care products are likely to fuel the market growth. The demand for baby care products has been on the rise due to the evolving preferences for premium and specialized baby care products for grooming infants.

Rising concerns related to baby skin conditions such as skin irritation, redness, and diaper rashes are driving the popularity of chemical and synthetic-free baby care products. The shifting focus towards cruelty-free and minimal ingredients-based products owing to the increasing concerns related to waste disposal is expected to have a positive impact on the market growth.

The baby toiletries/hair care product segment dominated the market in 2020 and is expected to maintain its lead over the forecast period. Organic shampoos and conditioners are an emerging trend in the market as they are known for their anti-bacterial properties and contain herbal ingredients, such as aloevera and essential oils. The increasing participation of women in the workforce, growing independence, and spending capacity are impacting the market growth positively.

The hypermarket and supermarket distribution channels held the largest revenue share in 2020. These stores provide dedicated shelf spaces that offer a range of baby care products. The increase in the penetration of major supermarkets and hypermarkets across the globe is gaining traction among the consumers and compelling them to purchase baby care products, which is expected to provide significant growth opportunities in the upcoming years. The market is consolidated with the presence of a large number of international players and a few regional players.

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Baby Care Products Market Report Highlights

• Asia Pacific merged as the dominant regional market in 2020. The increasing penetration of international brands such as Johnson & Johnson Consumer Inc. and Kimberly-Clark owing to the rising demand for premium and high-quality baby care products is driving the market in the region
• By product, the baby skin care segment is projected to register the fastest CAGR of 5.1% from 2021 to 2028 owing to the growing popularity of baby moisturizers containing cocoa butter, aloevera, and coconut oils due to their benefits offered to the infant’s delicate skin
• The online distribution channel segment is expected to witness significant growth during the forecast period owing to a shift in consumers’ shopping behavior, increased brand accessibility, and growing level of comfort associated with online shopping

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Baby Care Products Market Segmentation

Grand View Research has segmented the global baby care products market on the basis of product, distribution channel, and region:

Baby Care Products Outlook (Revenue, USD Million, 2016 - 2028)

• Baby Skin Care
  • Baby Moisturizer
  • Baby Face Cream
  • Baby Massage Oil
  • Baby Powder
  • Diaper Rash Cream
• Baby Toiletries/Hair Care
  • Shampoo
  • Conditioner
  • Hair Oil
  • Baby Body Wash
  • Baby Wipes

Baby Care Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hypermarket & Supermarket
• Pharmacy & Drugstores
• Specialty Stores
• Online
• Others

Baby Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Baby Care Products Market

• Johnson & Johnson
• Procter & Gamble (P & G)
• Kimberly-Clark (KCWW)
• Honasa Consumer Pvt. Ltd.
• The Himalaya Drug Company
• Citta World
• Sebapharma GmbH & Co. KG
• Beiersdorf
• California Baby
• Unilever

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.

Water Desalination Equipment Market to Undertake Strapping Growth By 2028

 

Water Desalination Equipment Market Growth & Trends

The global water desalination equipment market size is expected to reach USD 22.79 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.1% from 2020 to 2028. Increasing water scarcity, depletion in freshwater reserves, and fast-paced advancements in desalination technologies are anticipated to have a positive impact on the market growth.

Deteriorating environmental factors, such as fluctuating weather patterns, rising pollution, and deforestation, have resulted in water scarcity and drought-like scenarios across the globe. The governments of various countries are investing in the development of desalination facilities to combat this situation, which is expected to drive the market.

The rising adoption of renewable energy to desalinate water is gaining traction in the market as the conventional systems require a considerable amount of energy to function, making them expensive and impracticable for usage in underdeveloped countries. Such developments are expected to drive the demand for water desalination equipment over the forecast period.

Key players such as Veolia and Suez have subsidiary companies that are benefited from the international presence of parent companies. Many companies are also investing in outsourcing R&D facilities in developing economies that can be used to expand their geographical presence and reduce the overall production costs by sourcing raw materials from the regional market.

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Water Desalination Equipment Market Report Highlights

• The reverse osmosis technology segment accounted for over 55.0% share of the global revenue in 2020 on account of its inexpensive installation cost, ease of processing, capacity to treat various types of feed water, and minimal usage of chemicals
• The municipal application segment accounted for more than 50.0% share of the global revenue in 2020 owing to the growing urban population, coupled with the expanding megacities that are putting a strain on the available water sources, thereby augmenting the market growth
• The seawater source segment is projected to expand at the fastest CAGR from 2020 to 2028 owing to the increasing scarcity of water for domestic and industrial use, which is expected to be a key driver in augmenting the demand for seawater desalination
• The Middle East and Africa accounted for over 40.0% share of the global revenue in 2020. This is attributed to the scarcity of water resources in the region, which is likely to create a strong demand for water desalination equipment over the forecast period
• In July 2020, Abu Dhabi Department of Energy (DoE) started the construction of the largest water desalination plant in the world at Al Taweelah Power and Water complex, which is slated to be completed by 2022

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Water Desalination Equipment Market Segmentation

Grand View Research has segmented the global water desalination equipment market on the basis of source, technology, application, and region:

Water Desalination Equipment Source Outlook (Revenue, USD Billion, 2017 - 2028)

• Seawater
• Brackish Water
• River Water
• Others

Water Desalination Equipment Technology Outlook (Revenue, USD Billion, 2017 - 2028)

• Reverse Osmosis (RO)
• Multi-stage Flash (MSF) Distillation
• Multi-effect Distillation (MED)
• Others

Water Desalination Equipment Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Municipal
• Industrial
• Others

Water Desalination Equipment Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
• Europe
  • Spain
• Asia Pacific
  • China
  • India
  • Australia
• Central & South America
  • Chile
• Middle East & Africa
  • UAE
  • Saudi Arabia

List of Key Players of Water Desalination Equipment Market

• Acciona S.A.
• Doosan Heavy Industries & Construction
• Veolia
• SUEZ
• IDE Technologies
• Xylem
• Aquatech International LLC
• Biwater Holdings Limited
• Genesis Water Technologies
• Guangzhou KangYang Seawater Desalination Equipment Co., Ltd. (KYSEARO)

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.

Aerospace And Defense MRO Market Industry Analysis , Opportunity Assessment And Forecast Till 2028: Grand View Research Inc.

 Aerospace And Defense MRO Market Growth & Trends

The global aerospace and defense MRO market size is expected to reach USD 126.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.0% from 2021 to 2028. Steady economic growth, the prevalence of aging commercial and military aircraft fleet, and increased military spending are expected to drive the market over the forecast period.

Airlines are setting up their own maintenance, repair, & overhaul (MRO) facilities for regular maintenance checks and to increase fleet availability. Third-party MROs are collaborating with OEMs to get expertise in advanced aircraft MRO procedures and technologies. Hence, there are multiple options for airlines that represent the low to medium bargaining power of third-party MROs.

The market is highly fragmented owing to the presence of numerous local and international players with a strong financial base as a result, the entry barriers are high. In addition, OEMs and established MROs are increasingly incorporating advanced engineering techniques such as AI, IoT, real-time health monitoring, and predictive maintenance to reduce cost and enhance the end-use experience. Due to the high costs associated with these, the threat of new entrants is expected to be less.

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Aerospace And Defense MRO Market Report Highlights

• The engine MRO segment is expected to witness the fastest CAGR of 14.3% from 2021 to 2028. The growth can be attributed to strict environmental regulation, high fuel consumption by engines, and the “availability-based contracts” business model implemented by engine OEMs
• The commercial aviation MRO segment is expected to reach USD 92.1 billion by 2028, owing to the improved trade relations resulting in demand for cargo aircraft MRO and increasing low-cost carrier penetration. Growth is slow due to the imposition of international travel restrictions in a global effort to contain the spread of the Covid-19
• The market in Asia Pacific was estimated to be USD 14.5 billion in 2020, which can be attributed to rapid urbanization and strong demand for new narrow-body aircraft in emerging countries
• In North America, the military aircraft MRO market is expected to be driven by a consistent increase in the military aircraft fleet, modernization of aging aircraft, and the use of AI and ML in predictive maintenance.
• The market is competitive owing to the existence of numerous established companies, that are primarily based in Europe and North America, however, Asia Pacific is anticipated to flourish on account of the shift of MRO services from developed economies

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Aerospace And Defense MRO Market Segmentation

Grand View Research has segmented the global aerospace and defense MRO market on the basis of product, application, end-use, and region:

Aerospace And Defense MRO Product Outlook (Revenue, USD Million, 2017 - 2028)

• Engine
• Airframe
• Line
• Component

Aerospace And Defense MRO Application Outlook (Revenue, USD Million, 2017 - 2028)

• Narrow Body Aircraft
• Wide Body Aircraft
• Regional Aircraft
• Others

Aerospace And Defense MRO End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Commercial Aviation
• Business & General Aviation
• Military Aviation
• Others

Aerospace And Defense MRO Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • Singapore
• Central & South America
  • Brazil
  • Argentina
• Middle East
  • UAE
  • Saudi Arabia
• Africa

List of Key Players of Aerospace And Defense MRO Market

• AAR Corporation
• SIA Engineering Company (SIAEC)Ltd.
• Embraer S.A
• Air France KLM Group
• Raytheon Technologies Corporation
• Delta Air Lines Inc.
• General Dynamics Corporation
• MTU Aero Engines AG
• Lufthansa Technik AG
• Honeywell International Inc.
• Spirit AeroSystems Inc.
• Turkish Technic Inc.
• Bombardier Inc.
• Rolls-Royce plc
• Hong Kong Aircraft Engineering Company (HAECO) Ltd.
• GE Aviation
• Boeing Company
• Airbus SAS
• ST Engineering
• Magnetic MRO

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.

Carrageenan Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Carrageenan Market Growth & Trends

The global carrageenan market size is expected to reach USD 1.25 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.0% from 2020 to 2028. The rising demand for plant-based thickeners and stabilizers for replacing synthetic and animal-derived ingredients in food and beverage applications is expected to drive the product demand.

As per the Food & Agricultural Organization (FAO), Asia held the largest share in seaweed production globally as of 2020. Southeast Asian countries including Indonesia, the Philippines, and Malaysia are a few of the major cultivators of seaweed providing growth opportunities for local carrageenan manufacturers with abundant raw material availability.

The market is fragmented with numerous market participants present across the value chain. Hydrocolloids manufacturers including Cargill Incorporated, CP Kelco, and DuPontare integrated across the value chain. The companies source their own raw materials, for instance, red seaweed such as Kappaphycusalvarezzi, Eucheumadenticulatum, Sarcothalia, Gigartina, and Chondruscripusisused for carrageenan production.

The manufacturers are engaged in R&D activities for developing innovative extraction techniques and producing high-quality products that can cater to demand from various end-use industries. For instance, in February 2021, Marinomed Biotech AG, a biopharmaceutical company, announced the development of a nasal spray that is formulated with iota-carrageenan. The company stated that this product can be used as a preventive measure for COVID-19.

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Carrageenan Market Report Highlights

• The semi-refined processing technology segment dominated the market with a revenue share of over 50.0% in 2020 owing to its low cost compared to other methods. It can be used to form kappa as well as iota carrageenan that majorly find applications in food products
• By product type, the kappa carrageenan segment is expected to register the highest CAGR in terms of revenue over the forecast period owing to its growing demand in the manufacturing of sauces, speeds, jellies, poultry rolls, and cooked cured ham. Its rising usage in non-food applications, such as toothpaste, tablets, and air freshener gels, is expected to support the segment growth
• The pharmaceutical application segment is expected to expand at a revenue-based CAGR of 6.8% over the forecast period as the manufacturing companies are strongly focusing on the formulation of pharmaceutical-grade carrageenan. For instance, Ina Food Industry Co., Ltd. offers Iota Carrageenan PA-2 that can be specifically used for pharmaceuticals and quasi-drugs
• Europe held the largest revenue share of 31.0% in 2020 owing to the widening of product portfolio and regional expansion of players operating in the region. For instance, in April 2021, Bang & Bonsomer, based in Finland, acquired all shares of Eurogum A/S, Denmark, and EurogumPolskaSp Zoo, Poland. Eurogum is engaged in the production of carrageenan and alginate for the food industry. This move is expected to strengthen the former’s position in food ingredients and help in business expansion in Europe
• Prominent carrageenan manufacturers are focusing on new product development to strengthen their market presence. For instance, in May 2021, Gelymar developed sustainable texturing agents, including CarraLact VPD and CarraLact VFL. These are based on KII carrageenan, which is a natural food hydrocolloid. These can be used in vegan ready-to-eat and instant desserts

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Carrageenan Market Segmentation

Grand View Research has segmented the global carrageenan market on the basis of processing technology, function, product type, application, and region:

Carrageenan Processing Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Alcohol Precipitation
• Gel Press
• Semi-refined

Carrageenan Function Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Thickening Agent
• Gelling Agent
• Stabilizer
• Others

Carrageenan Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Kappa
• Iota
• Lambda

Carrageenan Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Food & Beverage
  • Bakery
  • Confectionery
  • Meat Products
  • Dairy Products
  • Sauces & Dressings
  • Beverages
  • Others
• Pharmaceutical
• Personal Care & Cosmetics
• Others

Carrageenan Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Carrageenan Market

• DuPont
• Ingredion Incorporated
• Ashland
• CP Kelco U.S., Inc.   
• Cargill, Inc.
• Ceamsa
• W Hydrocolloids, Inc.
• Gelymar
• Caldic B.V.
• Ina Food Industry Co. Ltd.
• Gumindo Perkasa Industry
• ACCEL Carrageenan Corporation
• BLG
• MCPI Corporation
• AEP Colloid
• Marcel Carrageenan
• TBK Manufacturing Corporation
• Shemberg Ingredients and Gums Corporation
• Prinova Group LLC
• LAUTA Ltd.
• Aquarev Industries
• Bang &Bonsomer
• AgargelIndustria e ComercioLtda
• Zhenpai Hydrocolloids Co., Ltd.
• Tate & Lyle

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.

Vascular Grafts Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 Vascular Grafts Market Growth & Trends

The global vascular grafts market size is expected to reach USD 2.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2021 to 2028. The increasing prevalence of various cardiovascular disorders, such as Myocardial Infarction (MI), Coronary Heart Disease (CHD) or Coronary Artery Disease (CAD), and stroke, coupled with rising demand for minimally invasive surgeries among the patient population is boosting the market growth.

In addition, the market is further driven by a wide number of medical applications and improvements in the development of intraoperative techniques. For instance, the number of peripheral artery procedures increased from 249,350 in 2011 to 280,349 in 2016 in the U.S., according to a research study published by the American Roentgen Ray Society. The COVD-19 pandemic has negatively impacted the country’s growth owing to recommended deferrals of elective medical procedures globally coupled with increasing prioritization for COVID-19 treatment.

The endovascular stent-grafts product segment held the largest revenue share in 2020. The growth of the segment is due to the increasing prevalence of cardiovascular aneurysms. A sedentary lifestyle, limited physical activity, and substance abuse are resulting in a high prevalence of renal and cardiac diseases globally. The impact of these factors is especially high in developed regions such as North America and Europe.

However, the prevalence of these diseases is expected to increase in emerging economies, such as Latin America and the Asia Pacific, owing to changing demographics and rising healthcare expenditure. Key parameters contributing to market growth in these regions include the increasing prevalence of cardiac and renal diseases in the geriatric population, increasing disposable income, and changing lifestyles. On the other hand, the peripheral vascular grafts segment is anticipated to be the fastest-growing segment during the forecast period owing to the increasing number of patients suffering from coronary heart disease across the globe.

The cardiac aneurysm application segment accounted for the largest revenue share in 2020. It can be attributed to the increasing prevalence of hypertension, high blood sugar, and other age-related risk factors. The cardiovascular diseases segment is driven by the rise in the incidence of coronary artery diseases in the geriatric population and an increase in risk factors, such as hypertension, diabetes, and obesity in the adult population. However, vascular occlusion application is expected to be the fastest-growing segment due to the easy availability of graft procedures, rising prevalence of vascular occlusive diseases, technological advancements resulting in the development of novel therapies like warfarin. It supports in reducing acute ischemia severity post-PTFE grafts occlusion, which, in turn, minimizes the potential risks associated with prosthetic vascular grafts.

As of 2020, the polytetrafluoroethylene raw material segment accounted for the majority share. It is anticipated to witness the fastest CAGR during the forecast period. Low risk of degradation and infection due to polytetrafluoroethylene grafts is a key factor contributing to the largest share of this segment. For instance, PTFE vascular graft offered by B. Braun Medical Ltd. has a kink-resistant, uniquely flexible design that is sufficiently porous, encouraging cellular in-growth, and offers maximum protection against suture pullout, blood loss, and delamination or tearing. However, the development of novel vascular grafts, such as the Spider graft, which are less defective as compared to PTFE, may impede PTFE market growth.

North America dominated the market in 2020. The growth is attributed to developed healthcare infrastructure, rising geriatric population, increasing prevalence of various health disorders, and increasing acceptance of technologically advanced products in the region. On the other hand, MEA is anticipated to register the fastest growth during the forecast period owing to the increasing prevalence of diabetes, cardiovascular diseases, and end-stage kidney and heart failures across the region.

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Vascular Grafts Market Report Highlights

• The market is anticipated to grow well over the forecast period owing to the introduction of innovative solutions and rising demand for minimally invasive procedures
• The endovascular stent-grafts product segment dominated the market in 2020 owing to rising patient preference for minimally invasive endovascular stent-grafts for the treatment of thoracoabdominal aortic aneurysm
• The cardiac aneurysm application segment dominated the market in 2020 owing to the rising prevalence of cardiovascular diseases across the globe
• The polytetrafluoroethylene raw material segment dominated the market in 2020 majorly due to rising demand for novel engineered prosthetics and technologically advanced products
• North America dominated the market in 2020 majorly due to developed healthcare infrastructure and increasing acceptance of novel technologies

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Vascular Grafts Market Segmentation

Grand View Research, Inc. has segmented the global vascular grafts market report on the basis of product, application, raw material, and region:

Vascular Grafts Product Outlook (Revenue, USD Million, 2016 - 2028)

• Hemodialysis Access Grafts
• Endovascular Stent Grafts
• Coronary Artery By-Pass Grafts
• Vascular Grafts for Aorta Disease
• Peripheral Vascular Grafts

Vascular Grafts Application Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiac Aneurysm
  • Endovascular Stent Graft
  • Vascular Graft
• Kidney Failure
• Vascular Occlusion
• Coronary Artery Disease

Vascular Grafts Raw Material Outlook (Revenue, USD Million, 2016 - 2028)

• Polyester
• Polytetrafluoroethylene
• Polyurethane
• Biological Material Based Vascular Grafts
  • Human Saphenous and Umbilical Veins
  • Tissue Engineered Materials

Vascular Grafts Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Vascular Grafts Market

• Medtronic plc
• Terumo Corporation
• LeMaitre Vascular, Inc.
• R. Bard
• L. Gore and Associates, Inc.
• Cook
• Shanghai Suokang Medical Implants Co. Ltd.
• Getinge AB

About Grand View Research

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

Global Wound Debridement Market Outlook & Future Forecast Report Till 2028

 Wound Debridement Market Growth & Trends

The global wound debridement market size is anticipated to reach USD 6.35 billion by 2028 at a 6.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising cases of injuries that require cleaning and removal of necrotic tissue are leading to increasing demand for wound debridement products.

Wound debridement products help in eliminating or reducing the load of microbes and toxins that inhibit wound healing. Increasing incidence of diabetes and obesity escalates the level of chronic wounds such as diabetic foot ulcers. As per the International Diabetes Federation, the incidence of diabetes is expected to reach 642.0 million by 2040. Prevention of wound infection is one of the major concerns for diabetic patients, making wound debridement vital. With the increase in the number of diabetics in the U.S., demand for wound debridement is on a rise. Burns are the most common wounds and account for around 195,000 deaths annually. This, in addition to rising awareness regarding the importance of wound debridement, is expected to positively affect the market in the coming years.

Development of advanced wound debridement products is also boosting the market growth. For instance, the launch of keratin-based wound care products that are used along with dressings has proven to be extremely helpful in wound re-epithelialization. The keratin matrix is absorbed in the wound and eliminates the need for a dressing change. Such developments are anticipated to create growth opportunities for market players in the coming years.

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Wound Debridement Market Report Highlights

• Gels accounted for the largest share by product in 2017 due to advantages such as no inflammation, reduced bleeding, and safe removal of necrotic tissues without causing infection
• By wound type, diabetic foot ulcers are estimated to form the fastest growing segment due to the high prevalence of diabetes. About 15.0% of diabetic foot ulcers result in amputation. Therefore, need to heal the wound in its nascent stage is necessary
• Asia Pacific is anticipated to witness lucrative growth over the forecast period. Progressive economy, reforms to improve infrastructure, high unmet needs of a massive population, and availability of skilled labor is expected to drive the market in this region

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

Wound Debridement Market Segmentation

Grand View Research has segmented the global wound debridement market on the basis of product, method, wound type, end-use, and region:

Wound Debridement Product Outlook (Revenue, USD Million, 2016 - 2028)

• Gels
• Ointment & Creams
• Surgical Devices
• Medical Gauze & pads
• Ultrasonic Devices
• Others

Wound Debridement Method Outlook (Revenue, USD Million, 2016 - 2028)

• Autolytic
• Enzymatic
• Surgical
• Mechanical
• Others

Wound Debridement Wound Type Outlook (Revenue, USD Million, 2016 - 2028)

• Pressure Ulcers
• Diabetic Foot Ulcers
• Venous Leg Ulcers
• Burn Wound
• Others

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

• Hospitals
• Homecare
• Others

Wound Debridement Mode of Purchase Outlook (Revenue, USD Million, 2016 - 2028)

• Prescription
• Over the Counter
• Others

Wound Debridement Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Wound Debridement Market 

• Acelity L.P. Inc.
• Smith & Nephew
• Braun Melsungen AG
• Coloplast A/S
• ConvaTec Group
• Paul Hartmann
• Mölnlycke Health Care
• Lohmann & Rauscher
• Medline Industries
• Integra Lifesciences

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.

Europe Vending Machine Market Trends Regulations And Competitive Landscape Outlook to 2028

 Europe Vending Machine Market Growth & Trends

The Europe vending machine market size is anticipated to reach USD 27.21 billion by 2028, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. One of the primary factors driving the market’s growth is the rising demand for cashless vending machines. Smart vending machines are becoming increasingly common as these intelligent machines use an attention-getting interactive multi-media display to provide a wide choice of products to clients. Moreover, the growing popularity of unattended retail stores and its rising acceptance among consumers supports the market growth. Operators who invested in security tools, such as locking coolers and camera monitoring, have started placing them in semi-public and public-facing micro markets. This will be an interesting trend to watch, especially in the post-COVID-19 world, where consumers could seek out unattended retail options and contactless payments for safety reasons.

There has been an overall growth in the demand for healthy food and drink products in vending machines over the past few years. In 2017, according to a survey by IRI International, two-thirds (70%) of people across Europe bought healthy food with less salt, sugar, fat, and calories. This is an increase of 41% in just three years. In addition, vending machines have emerged in recent years as a favorable, cost-effective option for corporates to provide easy, around-the-clock access to food for their employees. Vending machines also provide a place for conversation, away from the cubicles, positively impacting the overall atmosphere of an office. Popular options, such as chips and soda, provide no nutritional value. However, healthy food options can encourage and motivate employees. Thus, vending machine operators are increasingly offering healthier food products. This also allows the operators to widen their product stock and boost sales.

Furthermore, the market is quickly adapting to the trend of cashless transactions, with a massive drive to replace (or update) coin-based machines and to integrate contactless terminals into the design of all new systems. Though chip-and-pin is widely used, it is contactless card payments that will continue to drive the trend of cashless payment forward. In 2018, MasterCard reported that almost 50% of all card payments in Europe were contactless and predicted that, by 2020, all point-of-sale terminals would allow contactless payment. According to the report on COVID-19 impact on vending published by EVA, 48% of operators saw a reduction in turnover in September 2020 between 21%–40%. It started to recover after many countries in the region lifted restrictions and allowed people to step out of their homes. Work-from-home was the major factor impacting the revenue generation of operators.

Over 80% of the vending machines (including hot beverages) are located in workplaces. Since many companies in the region are inclined toward 4 days/week working policy, they generated significant revenue before the pandemic but were severely impacted during the pandemic. However, the pandemic has created opportunities for new entrants, since micro markets require minimal physical contact. In November 2020, Grafenwoehr Exchange opened its first micro-market in Germany, Europe. The micro-market was opened in collaboration with Tasty Co., a mini convenience store with an open-rack display, reach-in coolers and freezers, and a self-checkout kiosk. The product portfolio varies from fresh fruits and vegetables to pre-made sandwiches and snacks. According to EVA, micro markets have now been reported in 13 of the 22 markets covered, with Sweden and Russia leading the way.

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Europe Vending Machine Market Report Highlights

• The market is expected to grow with a CAGR of 8.9% from 2021 to 2028
• The traditional vending machine type segment accounted for the largest revenue share of more than 78% in 2020 and is expected to expand further at a steady CAGR over the forecast period
• The commercial places application segment is expected to register the fastest CAGR over the forecast period
• The cash payment mode segment led the regional market in 2020 with a revenue share of more than 72% in 2020
• Italy was the leading country in 2020 and accounted for the largest share of the total revenue in the same year

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-vending-machine-market-analysis

Europe Vending Machine Market Segmentation

Grand View Research has segmented the Europe vending machine market on the basis of type, application, payment mode, and country:

EU Vending Machine Type Outlook (Revenue, USD Million, 2016 - 2028)

• Smart
• Traditional

EU Vending Machine Application Outlook (Revenue, USD Million, 2016 - 2028)

• Commercial Places
• Offices
• Public Places
• Others

EU Vending Machine Payment Mode Outlook (Revenue, USD Billion, 2016 - 2028)

• Cash Payment
• Cashless Payment

EU Vending Machine Country Outlook (Revenue, USD Billion, 2016 - 2028)

• Spain
• UK.
• Italy
• France

List of Key Players of Europe Vending Machine Market

• Selecta TMP AG
• Delikia Fresh
• Alliance Vending Services
• IVS Iberica
• Costa
• NVCS Ltd.
• Express Vending
• Nayax Ltd.
• Worldline
• Ventopay GmbH
• On Track Innovations Ltd.
• CCV Group B.V.

About Grand View Research

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

Global Demand for Smart Furniture Market to Incur Considerable Upsurge During 2021 – 2028: Grand View Research Inc.

 Smart Furniture Market Growth & Trends

The global smart furniture market size is anticipated to reach USD 365.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.4% from 2021 to 2028. Lifestyle of consumers, especially in urban areas, is changing significantly due to increased disposable income. Luxurious and technically integrated product is becoming an essential part of their life; which is easing out the lives of professionals and workaholics. This would contribute to driving the industry in the coming years. In addition, increasing disposable income of individuals has led to thinking regarding the social status, driving the increased spending on products including furniture.

The smart desks segment accounted for the largest revenue share of 34.8% in 2020. Vigorous growth in commercial and office building construction and remodeling activity is anticipated to buoy demand as companies furnish new office spaces. While replacement activity historically played a minor role in supporting demand - largely the result of product durability and lack of innovation - trends towards more open, collaboration-oriented workspace design will drive an increase in replacements.

In commercial building and office construction, the furniture will be needed to outfit these new workspaces. A forecast increase in office improvement activity will further support gains as companies remodel work areas to include modern design features, such as open floor plans and collaborative work areas. However, the market for used furniture will continue to appeal to budget-conscious office purchasers.

Asia Pacific is expected to witness a lucrative CAGR of 15.2% from 2021 to 2028 due to rapid developments in the residential real estate industry in Asian countries such as India and China, which in turn opens up notable opportunities for the sector during the forecast period.                                      

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Smart Furniture Market Report Highlights

• The market size was valued at USD 143.6 million in 2020 and is anticipated to witness a CAGR of 12.4% from 2021 to 2028
• The smart desks segment accounted for the largest revenue share of 34.8% in 2020
• Asia Pacific is expected to witness a lucrative CAGR of 15.2% from 2021 to 2028

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

Smart Furniture Market Segmentation

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

Smart Furniture Product Outlook (Revenue, USD Million, 2016 - 2028)

• Smart Desks
• Smart Tables
• Smart Chairs
• Others

Smart Furniture Application Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

Smart Furniture Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia pacific
  • China
  • India
• Central and South America
  • Brazil
• Middle East and Africa

List of Key Players of Smart Furniture Market

• Inter Ikea Systems B.V.
• Sobro
• Sleep Number Corporation
• Hi-Interiors srl
• Modoola Limited
• Fonesalesman, LLC
• Desktronik
• Nitz Engineering GmbH
• Rest Lunar a Retro Sys, Inc., company

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.