Healthcare Cyber Security Market Forecast 2028: Top Companies, Trends and Growth Factors Details for Business Development

 Healthcare Cyber Security Market Growth & Trends

The global healthcare cyber security market size is expected to reach USD 39.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.0% from 2021 to 2028. An increasing number of cyberattacks in the healthcare industry, raise in threats, and concern for privacy and security are contributing to the growth of healthcare cyber security. The increase in cases of cyberattacks and data breaches globally has raised the concern thereby, increasing demand for cyber security. For instance, the Secretary of U.S. Department of Health and Human Services (HHS) Breach of Unsecured Protected Health Information listed 592 breaches of unsecured protected health data affecting more than 500 individuals within the last two years that are currently under investigation by the Office for Civil Rights. 306 of the breaches were submitted in 2020.

The increasing digitalization and penetration of the internet are increasing the chances of the cyberattack healthcare industry is the most vulnerable to cyberattacks due to the valuable data it owns. Various cyberattacks are witnessed by the healthcare sector. For instance, the recent cyberattacks on Ireland's Department of Health and Health Service Executive (HSE) were witnessed. The HSE was impacted by a human-operated ‘Conti’ ransomware attack which severely disabled several HSE systems and necessitated the shutdown of the majority of its other systems. Also, the Federal Bureau of Investigation (FBI) and Cybersecurity and Infrastructure Security Agency (CISA) issued a warning for escalating these attacks. THE FBI and CISA observed Conti ransomware is used in more than 400 cyberattacks in the U.S. and worldwide.

Furthermore, technological advancements in the development of different products to control cyberattacks and safeguard the data are expected to boost market growth. For instance, in February 2020, GE Healthcare introduced a new cyber security solution known as Skeye for hospitals for detecting, analyzing, and responding to security threats in real-time.

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Healthcare Cyber Security Market Report Highlights

• The market is expected to grow well by 2028 owing to increasing cyberattacks in the healthcare industry and the growing adoption of advanced cyber security solutions
• The antivirus and antimalware solution segment dominated the market in 2020 due to its extensive use increasing malware attacks
• The malware type segment dominated the market in 2020 due to its awareness and preferences of the hackers
• The hospitals end-use segment dominated the market in 2020 as they are most vulnerable to cyberattacks, which led to the extensive adoption of cyber security

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Healthcare Cyber Security Market Segmentation

Grand View Research, Inc. has segmented the global healthcare cyber security market report on the basis of type of solutions, type of threats, end-use, and region:

Healthcare Cyber Security Types of Solution Outlook (Revenue, USD Million, 2016 - 2028)

• Identity and Access Management
• Risk and Compliance Management
• Antivirus and Antimalware
• DDoS Mitigation
• Security Information and Event Management
• Intrusion Detection System/ Intrusion Prevention System
• Others

Healthcare Cyber Security Type of Threat Outlook (Revenue, USD Million, 2016 - 2028)

• Malware
• DDoS
• Advanced Persistent Threat
• Spyware
• Lost or Stolen Devices
• Others

Healthcare Cyber Security End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Pharma & Chemicals
• Medical Devices
• Health Insurance
• Hospitals
• Others

Healthcare Cyber Security Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Healthcare Cyber Security Market

• Cisco
• IBM
• FireEye
• Symantec
• Trend Micro
• MacAfee
• Intel
• Kaspersky
• Lockheed Martin
• Northrop Grumman

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 Thermoformed Plastics Market to Witness a Pronounce Growth During 2021 – 2028: Grand View Research Inc.

 North America Thermoformed Plastics Market Growth & Trends

The North America thermoformed plastics market size is expected to reach USD 8.86 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing adoption of the thermoformed plastic resin in the consumer goods, food packaging, medical and healthcare, electronics, and automotive sectors is projected to fuel the market growth during the forecast period. Thermoformed plastics reduce the overall weight of the vehicles, which helps in increasing energy efficiency.

The COVID-19 pandemic has made packaged foods and consumer electronics an intrinsic part of consumer’s lifestyles. Many thermoformed plastic manufacturing companies have already started developing their facilities to cater to the rising concerns due to the COVID-19 pandemic. For instance, in December 2020, Placon Corporation commenced the construction of USD 15 million additional capacity at its Elkhart, Indiana facility. This is expected to house the production of custom plastic packaging for the medical and healthcare industries.                        

In July 2021, California-based Plastion Industries, Inc. announced to establish a new 100,000-square-foot manufacturing facility in Texas. This new manufacturing facility is expected to produce components for Tesla’s forthcoming Austin factory. The facility is expected to open this fall. Plastion Industries, Inc. provides injection molding, thermoforming, and other services to industries including consumer goods, medical, and automotive. This facility is expected to provide Plastion Industries, Inc. an opportunity to strengthen its foothold in the automotive sector.

Environmental awareness has propelled many electronics companies to produce electronic devices from bio-based polymers as a part of their sustainability goals. This can prove to be one of the major driving factors for the production of thermoformed plastics over the forecast period. In July 2021, SABIC announced the development of bio-based polycarbonate Lexan film and sheet products derived from certified renewable feedstock, which is expected to cater to the rising demand in a wide range of applications, including automotive, construction, specialty glazing, and electrical and electronics.

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North America Thermoformed Plastics Market Report Highlights

• The polypropylene product segment accounted for the largest revenue share in 2020 and is further expected to witness prominent growth over the forecast period
• The food packaging application segment dominated the market and accounted for a revenue share of more than 40.0% in 2020
• In 2020, the U.S. accounted for the largest revenue share of more than 75.0%. The presence of well-established automotive manufacturing players such as Tesla, General Motors Company, and Stellant is anticipated to provide impetus to the market growth
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in May 2021, Tide Rock Holdings acquired Plastics Design & Manufacturing, a heavy gauge thermoformed plastic manufacturer. This strategic initiative by Tide Rock Holdings is aimed at the expansion of its plastics manufacturing business in the western region

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North America Thermoformed Plastics Market Segmentation

Grand View Research has segmented the North America thermoformed plastics market based on product, process, application, and country:

North America Thermoformed Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polymethylmethacrylate (PMMA)
• Bio-degradable Polymers
• Polyethylene (PE)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride (PVC)
• High Impact Polystyrene
• Polystyrene (PS)
• Polypropylene (PP)

North America Thermoformed Plastics Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Plug Assist Forming
• Thick Gauge Thermoforming
• Thin Gauge Thermoforming
• Vacuum Snapback

North America Thermoformed Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Medical & Healthcare
• Food Packaging
• Electrical & Electronics
• Automotive
• Construction
• Consumer Goods & Appliances
• Others

North America Thermoformed Plastics Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• US.
• Canada
• Mexico

List of Key Players of North America Thermoformed Plastics Market

• Pactiv LLC
• Sonoco Products Company
• CM Packaging
• Placon
• Genpak, LLC
• Anchor Packaging LLC

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, Europe And Oceania Building And Construction Fasteners Market Strong Application and Emerging Trends also Scope by 2028: Grand View Research Inc.

 North America, Europe And Oceania Building And Construction Fasteners Market Growth & Trends

The North America, Europe and Oceania building and construction fasteners market size is expected to reach USD 5.72 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 5.0% from 2020 to 2028. The rise in the development of residential and commercial building structures across North America, Oceania, and European economies is expected to drive the demand for construction-grade fasteners.

The growing availability of building and construction fasteners through the retail chain and online platforms has supported the product penetration in the construction industry. Moreover, the wide demand for fasteners in modular construction techniques has created a broad scope for the building and construction fasteners.

The metal fasteners industry is dominated by the numerous small and medium-scale fastener manufacturing companies operating their businesses in major construction markets across the globe. The high mechanical strength offered by metal fasteners is expected to steadily boost their demand over the forecast period.

Prominent players in the building and construction fasteners market are investing in R&D for the development of high-strength fasteners with enhanced bonding mechanisms and resistance to chemicals. Moreover, product portfolio expansion and technology innovation are other factors considered for gaining market share.

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North America, Europe And Oceania Building And Construction Fasteners Market Report Highlights

• Metal fasteners are expected to witness the fastest growth from 2020 to 2028, registering a CAGR of 5.1%, owing to the products’ high strength and enhanced bonding application
• Residential applications for building and construction fasteners dominated the market with a revenue of USD 2.29 billion and is anticipated to ascend at a high growth rate of 5.4% in the projected time till 2028
• Europe accounted for the largest market with a revenue share of 50.2% in 2020 among the three regions and is likely to ascend at a CAGR of 5.5% over the forecast period
• The U.S. accounted for the largest market with revenue of USD 1.37 billion in 2020 in North America on account of rising demand for residential construction, especially the single home units
• Prominent players operating in North America and Europe are aiming to collaborate with construction companies to increase penetration and market reach in residential and commercial building segments

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North America, Europe And Oceania Building And Construction Fasteners Market Segmentation

Grand View Research has segmented the North America, Europe and Oceania building and construction fasteners market based on material, application, and region:

North America, Europe And Oceania Building And Construction Fasteners Material Outlook (Revenue, USD Million, 2017 - 2028)

• Metal Fasteners
• Plastic Fasteners

North America, Europe And Oceania Building And Construction Fasteners Application Outlook (Revenue, USD Million, 2017 - 2028)

• Residential
• Non-residential

North America, Europe And Oceania Building And Construction Fasteners Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Denmark
  • Sweden
  • Norway
  • Poland
  • Latvia
  • Lithuania
  • Estonia
• Oceania
  • Australia
  • New Zealand

List of Key Players of the North America, Europe And Oceania Building And Construction Fasteners Market

• SPAX International GmbH & Co. KG
• The Hilllman Group, Inc.
• Midwest Fasteners, Inc.
• Arconic
• Dokka Fasteners AS
• Stanley Black & Decker, Inc.
• SFS Group
• Hilti Group
• MW Industries, Inc.
• Penn Engineering

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.

Vessel Sealing Devices Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 Vessel Sealing Devices Market Growth & Trends

The global vessel sealing devices market size is anticipated to reach USD 2.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 8.1% from 2021 to 2028. The key factors driving the market growth include the rising number of surgeries across the globe, aging population, and technological advancements.

The COVID-19 pandemic resulted in several challenges such as logistical bottlenecks, low demand, decreased sales and marketing activities, and reduced sales. The key impact, however, was the cancellation or postponement of elective surgeries during the pandemic. Most nations went under lockdown with the implementation of movement restrictions while academic societies and regulatory bodies recommended postponement of elective surgical procedures. According to Harvard Business Review, around a 4.8% GDP decline in the American economy, in the first quarter of 2020, could be attributed to deferred healthcare services, in particular delayed elective procedures. The resumption of elective surgeries is expected to lead to increased demand over the coming years.

The number of surgeries performed is a key contributor to the market growth. In the U.S. increasing prevalence of chronic diseases and an aging population, are leading to increase in the number of surgical procedures performed every year. According to the U.S. Census Bureau, an estimated 75 million of the 328 million U.S. population, were aged 60 years and older in 2019. This implies that a significant number of American citizens are vulnerable to chronic and acute conditions, leading to an increased number of surgeries.

According to Definitive Healthcare, LLC, as of 2019, there were about 9,280 active ambulatory surgery centers in the U.S. This high number also contributes to market growth. In addition, ASCs enable large volumes of surgeries in a short period, which is expected to fuel the market growth during the forecast period.

The adoption of automated and robotic systems in surgery is another driver estimated to contribute to the market growth. In a study conducted by the University of Michigan, School of Medicine, it was found that from 2012 to 2018 the use of robotic technology in general surgery increased from 1.8% to 15.1%. Market players are leveraging this trend to introduce new products, expand their regional presence, and increase their market share. Bolder Surgical, partnered with Intuitive Surgical to provide an exclusive licensing agreement to its energy-based vessel sealing and tissue stapling technologies for use in the latter’s robotic-assisted surgery solutions. In May 2021, Bowa Medical opened a new office in Cairo to control and support sales activities for Turkey, Iran, Pakistan, and the entire Middle East region.

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Vessel Sealing Devices Market Report Highlights

• Rising prevalence of chronic diseases is increasing the number of surgeries performed around the globe. This is one of the key contributing factors towards market growth
• The application segment was dominated by laparoscopic surgery in 2020 owing to wider use of vessel sealing devices in these procedures, while the general surgery segment held a significant share. In June 2021, for instance, Johnson and Johnson’s Ethicon launched ENSEAL X1 Curved Jaw Tissue Sealer for use in colorectal, bariatric surgery, gynecological, and thoracic procedures
• The laparoscopic surgery segment, however, is also anticipated to grow the fastest due to rise in technological advancements and minimally invasive surgeries
• The instruments segment held the largest revenue share in 2020 and is also expected to register the highest CAGR over the forecast period. Easy availability of instruments is one of the primary factors driving this segment
• The hospitals and specialty clinics segment held the largest revenue share of 57.4% in 2020, as they are the primary point of care for treatment. Furthermore, hospitals and specialty clinics are known to offer superior care to their patients and treatment at these centers are generally reimbursed, which drives adoption

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Vessel Sealing Devices Market Segmentation

Grand View Research has segmented the global vessel sealing devices market on the basis of application, product, end user, and region:

Vessel Sealing Devices Application Outlook (Revenue, USD Million, 2016 - 2028)

• General Surgery
• Laparoscopic Surgery

Vessel Sealing Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Generators
• Instruments
• Accessories

Vessel Sealing Devices End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals & Specialty Clinics
• Ambulatory Surgical Centers

Vessel Sealing Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Vessel Sealing Devices Market

• Medtronic
• Olympus Corporation
• Braun Melsungen AG
• Medical Devices Business Services, Inc. (Johnson & Johnson)
• Erbe Elektromedizin GmbH
• Bowa Medical
• OmniGuide Holdings, Inc.
• Intuitive Surgical
• Bolder Surgical, LLC
• KLS Martin Group

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.

Australia Facial Injectables Market Soaring Demand Assures Motivated Revenue Share By 2028

 Australia Facial Injectables Market Growth & Trends

The Australia facial injectables market size is expected to reach USD 15.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 26.3% from 2021 to 2028. Augmented products such as botulinum toxin type A and Hyaluronic Acid (HA) fillers are used in combination to improve outcomes in the lower region of the face. HA fillers are mostly preferred by physicians due to lower hypersensitivity reactions, lower biodegradation, and higher viscosity; they also support the longevity of the restored volume after filler injection.

Body image is a major personal concern among the youth in the country. According to Mission Australia’s Youth Survey Report 2018, nearly 30.4% of participants were concerned about body image, with around 13.6% reporting to be extremely concerned, while approximately 16.8% of them were very concerned about their body image. The survey also revealed that women (~41.5%) were more concerned about body image as compared to men (~15.4%). Moreover, according to a 2017 study published in Psychiatry Research, nearly 3% of male teenagers in the country were reported to have symptoms of body dysmorphism. Thus, a large number of young people expressing concern about body image and physical appearance is anticipated to boost the demand for cosmetic procedures, thereby driving the market growth.

Social media as well as other traditional media and advertising platforms are also anticipated to have a significant impact on beauty standards and body image. For instance, the 2016 HuffPost Australia article stated that approximately 77% of women in Australia believed that media and advertising establish an unrealistic beauty standard, which is difficult to achieve. Persistent influence of media’s portrayal of a particular standard of beauty for young women is anticipated to trigger a desire for cosmetic procedures to achieve perceived beauty standards, thereby facilitating the market growth.

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Australia Facial Injectables Market Report Highlights

• The hyaluronic acidsegment emerged as the largest segment in 2020. This is attributed to increasing demand as a dermal filler or in cosmetic preparations due to strong water retention properties
• The botulinum toxin type A segment is anticipated to witness comparatively higher growth during the forecast period. This can be attributed to rise in applications of BoNTA in cosmetic (aesthetic) procedures
• The aesthetics segment dominated the market and accounted for the largest revenue share in 2020

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Australia Facial Injectables Market Segmentation

Grand View Research has segmented the Australia facial injectables market based on product and application:

Australia Facial Injectables Product Outlook (Revenue, USD Million, 2016 - 2028)

• Collagen
• Hyaluronic Acid (HA)
• Botulinum Toxin Type A
• Calcium Hydroxylapatite (CaHA) 
• Polymer Fillers
  • Polymethylmethacrylate Microspheres (PMMA)
  • PLLA (Poly-L-lactic acid)

Australia Facial Injectables Application Outlook (Revenue, USD Million, 2016 - 2028)

• Aesthetics
• Therapeutics

List of Key Players of Australia Facial Injectables Market

• SILK Laser Clinics
• Advanced Clinics Australia
• Results Laser Clinic
• Australian Skin Clinics
• Laser Clinics Australia

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.

Middle East & Africa Aluminum Foil Packaging Market Booming Trends and Forecast Assessment for the Period 2021 to By 2028

 Middle East & Africa Aluminum Foil Packaging Market Growth & Trends

The Middle East & Africa aluminum foil packaging market size is expected to reach USD 2.85 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. The growth is driven by the shift of oil economies in the Middle East toward non-oil industries, including food & beverage, pharmaceutical, and cosmetics.

Aluminum pouches and aluminum containers are being increasingly preferred for takeaway parcels by foodservice outlets owing to the performance benefits of aluminum foils. Aluminum foil packaging is recyclable and thereby expected to achieve significant gains in the flexible packaging segment in the region.

The governmental initiatives to curb the generation of plastic wastage are further expected to support market growth. In February 2017, officials in Jeddah, Saudi Arabia urged foodservice outlets, such as restaurants and bakeries, to stop using plastic bags and replace them with paper bags or aluminum foil containers. Such regulations are expected to be more prevalent in the coming years in response to the issues associated with plastic waste, thereby supporting the product demand.

Countries, such as Saudi Arabia and UAE, have witnessed an increased number of tourists over the past few years. This is expected to result in the growth of foodservice outlets and Quick-Service Restaurants (QSRs) in the region. This is expected to augment the consumption of aluminum packaging products, such as pouches and containers.

The COVID-19 pandemic has significantly increased the demand for home delivery of food packets due to restrictions on public movement on streets. Changing consumer behavior has resulted in increased demand at foodservice outlets, wherein aluminum packaging products are majorly used. This is expected to fuel the product demand for takeaway foods, thereby supporting market growth.

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Middle East & Africa Aluminum Foil Packaging Market Report Highlights

• In terms of revenue, the pouches segment is projected to ascend at the highest CAGR of 5.9% over the forecast period. Aluminum foil pouches are used as a primary packaging solution for products, such as tea or plant-based products, as it offers barrier properties against moisture, gases, and light and thereby retains the aroma of the packed products
• The pharmaceutical end-use segment accounted for a revenue share of 17.7% in 2020. With increasing governmental initiatives, such as the VISION 2030 plan of Saudi Arabia, towards the development of non-oil-based industries are expected to support pharmaceutical manufacturing in the region. This is expected to contribute to the market growth in the years to come
• Egypt is projected to be the fastest-growing region over the forecast period owing to the growing food & beverage and pharmaceutical industries. Pharmaceutical manufacturers in the country have been focusing on expanding production capacities to meet the growing demand for drugs. For instance, Sanofi increased the investment in pharmaceuticals in Egypt by 50% in 2019 to gain a higher market share
• Major manufacturers operating in Middle East & Africa (MEA) are increasingly emphasizing sustainable packaging solutions. For instance, in January and October 2018, Amcor plc and Constantia Flexibles pledged to make 100% of their portfolio recyclable or reusable by 2025, respectively. This is expected to support the production of aluminum foil-based packaging solutions

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Middle East & Africa Aluminum Foil Packaging Market Segmentation

Grand View Research has segmented the Middle East & Africa aluminum foil packaging market on the basis of product, end use, and countries:

MEA Aluminum Foil Packaging Product Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Foil Wraps
• Pouches
• Blisters
• Containers
• Others

MEA Aluminum Foil Packaging End-use Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Food & Beverage
• Tobacco
• Pharmaceuticals
• Cosmetics
• Others

MEA Aluminum Foil Packaging Country Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Saudi Arabia
• UAE
• South Africa
• Egypt
• Morocco
• Iran

List of Key Players of Middle East & Africa (MEA) Aluminum Foil Packaging Market

• Amcor plc
• Constantia Flexibles
• Novelis Aluminum
• Raviraj Foils Ltd.
• Ampco,
• Saudi Factory for Aluminum Foils and Containers
• Caterpack
• Alcon
• Technical Aluminium Foil Co. LLC
• Cosmoplast
• Symetal
• Aluminium Foil Converters
• UNIPACK
• Express Flexi Pack
• ERAMCO

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.

Germany Pet Insurance Market Insights Business Opportunities, Current Trends And Forecast 2028: Grand View Research Inc.

 Germany Pet Insurance Market Growth & Trends

The Germany pet insurance market size is anticipated to reach USD 1.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.1% from 2021 to 2028. The growth is attributable to the increasing prevalence of acute and chronic pet health diseases, the humanization of pets, and supportive government regulations. For example, liability insurance is compulsory for certain dangerous dog breeds in states including Saarland, Bremen, Hessen, Nordrhein-Westfalen, and Baden-Wurttemberg.

The COVID-19 outbreak catalyzed the market with a surge in pet adoption and pet health concerns. Wertgarantie Group, the parent company of Agila, reported an exponential rise in the purchase of dogs and cats in Germany in 2020, amid the COVID-19 pandemic. This positively affected the company’s pet health insurance business with about 340,000 new contracts. However, this number contrasted the 475,000 veterinary bills processed during the period for the benefit of customers. As pet owners are becoming increasingly concerned about their pet’s health and wellbeing, the demand for pet insurance is expected to increase over time due to the high costs of treatment and surgery, awareness about pet health and diseases, and the humanization of pets.

Market players are involved in providing affordable and tailored insurance products to suit the needs and budget of pet parents. These include monthly or annual plans, plans based on coverage type, and sold through various sales channels. Barmenia Insurance, for instance, offers horse surgery insurance that provides coverage, from colic protection to premium surgery costs. The company’s dog and cat health insurance plans come in 4 variants, wherein all plans cover operations, including partial anesthesia or local anesthesia with no annual maximum.

Service additions to enhance product value is another unique selling point observed in the market. DFV Deutsche Familienversicherung AG, for example, partnered with FirstVet to offer veterinary telemedicine services to its animal health policyholders, thus establishing itself as an Insurtech company.

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Germany Pet Insurance Market Report Highlights

• The dogs’ segment held the largest revenue share of 57.5% in 2020
• The factors contributing to market growth include an increase in the number of pets, pet care expenditure, and chronic conditions such as joint disorders, fractures, and trauma, which require expensive treatments or surgical interventions
• The health insurance segment dominated the market and accounted for a revenue share of 80.0% in 2020, owing to growing pet health concerns, and the need to curb expenditure
• The agency segment dominated the market and accounted for a revenue share of over 56.0% in 2020
• The broker segment, on the other hand, is expected to register notable growth in the coming years. SantéVet for instance provides a range of pet insurance products, wherein guarantees are taken out through an insurance brokerage company, Vetassur. SantéVet also partners with other brokers to reach more customers and gain market share

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Germany Pet Insurance Market Segmentation

Grand View Research has segmented the Germany pet insurance market on the basis of coverage type, animal type, and sales channel:

Germany Pet Insurance Coverage Type Outlook (Revenue, USD Million, 2016 - 2028)

• Liability Insurance
• Health Insurance
  • Accident Only
  • Lifetime
  • Surgery

Germany Pet Insurance Animal Type Outlook (Revenue, USD Million, 2016 - 2028)

• Dogs
• Cats
• Horses

Germany Pet Insurance Sales Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Agency
• Broker
• Bancassurance
• Direct Writing

List of Key Players of Germany Pet Insurance Market

• Petplan
• Barmenia Versicherungen aG
• ELEMENT Insurance AG
• Coya Ltd.
• DFV Deutsche Familienversicherung AG
• Getsafe GmbH
• Helvetia Insurance
• AGILA Pet Insurance AG
• SantéVet
• Balunos

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.

Insufflation Devices Market to Reach Around USD 3.76 Billion by 2028: Grand View Research Inc.

 Insufflation Devices Market Growth & Trends

The global insufflation devices market size is expected to reach USD 3.76 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2021 to 2028. Increasing adoption of minimally invasive surgeries, rapidly aging population, and rising number of laparoscopic procedures are among the major factors driving this market’s growth.

The COVID-19 outbreakhas caused the global implementation of strict measures to curbthe spread, which has led to the cancelation/delayof elective surgeries, including many laparoscopic procedures world wide. A large number of medical device manufacturing companies and global suppliers have been adversely affected during this time. However, with the abundance of deferred medical procedures in the pipeline, the market is likely to rebound and grow significantly over the forecast period.

Obesity or overweight are major health concerns that lead to a number of associated diseases or complications, such as diabetes and cardiovascular diseases. As per the WHO, in 2016, over 1.9 billion adults were overweight, out of which around 650 million people were obese and around 2.8 million people die each year as a result of being overweight/obese. Such instances are expected to increase the demand for bariatric procedures and other related surgeries, thereby propelling the market growth over the forecast period.

Moreover, growing patient preference for minimally invasive surgeries owing to the reduced risk and trauma associated with these procedures is expected to strengthen the growth of this market. Additionally, minimally invasive laparoscopic surgeries are increasingly being covered by health insurance providers in selected countries. For instance, for laparoscopic surgical operations, Medicare will cover up to 75% of the fee as listed in the Medicare Benefits Schedule. These factors have led to an increased preference for minimally invasive surgeries among patients.

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Insufflation Devices Market Report Highlights

• Based on application, the laparoscopic surgery segment dominated the market with a share of more than 35.0% in 2020
• On the basis of end use, the hospitals segment dominated the market with a share of more than 60.0% in 2020
• North America dominated the market with a revenue share of over 35.0% in 2020 owing to the increasing number of laparoscopic procedures and technological advancements
• In Asia Pacific, the market is anticipated to witness remarkable growth over the forecast period due to the presence of a large patient base suffering from chronic disorders and government initiatives for minimizing risks during the treatment

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Insufflation Devices Market Segmentation

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

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

• Laparoscopic Surgery
• Bariatric Surgery
• Cardiac Surgery
• Others

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

• Hospitals
• Clinics
• Ambulatory Surgical Centers

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

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

List of Key Players of Insufflation Devices Market

• Fujifilm
• Medtronic
• Stryker
• BD
• Olympus
• Braun Melsungen
• Smith & Nephew
• Karl Storz
• Steris
• CONMED
• Richard Wolf

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.

Pouches Market Key Players ,Industry Share ,Growth, And Forecast To 2028: Grand View Research Inc.

 Pouches Market Growth & Trends

The global pouches market size is expected to reach USD 55.88 billion by 2028, expanding at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting for pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are the preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn is expected to benefit the market over the forecast period.

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Pouches Market Report Highlights

• The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
• The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need for refrigeration and thus proves to be cost-efficient
• The stand-up type segment is expected to witness the highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
• In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration of organized retail
• The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

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Pouches Market Segmentation

Grand View Research has segmented the global pouches market on the basis of material, treatment type, product, end-use, closure type, and region:

Pouches Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Metal
• Paper
• Bioplastics

Pouches Treatment Type Outlook (Revenue, USD Million, 2017 - 2028)

• Standard
• Aseptic
• Retort
• Hot-fill

Pouches Product Outlook (Revenue, USD Million, 2017 - 2028)

• Flat
• Stand-up

Pouches End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverages
• Healthcare
• Personal Care & Cosmetics
• Homecare
• Others

Pouches Closure Type Outlook (Revenue, USD Million, 2017 - 2028)

• Tear Notch
• Zipper
• Spout

Pouches Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Pouches Market

• Amcor plc
• Mondi
• Sealed Air
• CONSTANTIA
• Coveris
• Goglio SpA
• ProAmpac
• GUALAPACK S.P.A
• Huhtamaki Group
• Smurfit Kappa

About Grand View Research

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

U.S. Skilled Nursing Facility And Rehabilitation Market Is Expected To Accomplish A Valuation Of Around USD 281.6 Billion By 2028: Grand View Research Inc.

 U.S. Skilled Nursing Facility And Rehabilitation Market Growth & Trends

The U.S. skilled nursing facility and rehabilitation market size is expected to reach USD 281.6 billion by 2028, expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. The growing incidences of chronic conditions such as diabetes, paralysis, and hypertension and the rising geriatric population are factors expected to fuel the market over the next few years. In 2019, the geriatric population over 65 has increased up to 9.0% out of which 14.3 majorities of adults above the age of 65 years suffered from chronic disease and need these facilities. Medicare and Medicaid availability and the growing technologies will play a driving role for the market in the coming years.

To cope with the COVID-19 situation, in November 2020, the Centers for Medicare and Medicaid Services released guidelines for skilled nursing facilities to help curb the spread of the novel COVID-19 infection. These measures include physical distancing (maintain a distance of 6 feet from people), wearing a face mask, and limiting the number of visitors (keeping it one at a time). Majority of these facilities were not allowed to accept new residents and did not have new revenue streams for the additional expenses associated with the virus, which had a negative impact on the sector.

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U.S. Skilled Nursing Facility And Rehabilitation Market Report Highlights

• The freestanding segment dominated the market in 2020 due to its lower cost compared to the hospital-based facility. The segment is expected to continue its dominance and witness a significant growth rate over the forecast period
• Skilled nursing facilities are reimbursed by medicare part A and B resulting in more sustainability, thereby propelling the growth of the market
• The market includes small and large players, leading to higher competition among smaller players to sustain their market position. The market is quite open for new entrants due to government support and great reimbursement policies
• Mergers and acquisitions are key strategic initiatives undertaken by market players to sustain in the competitive market. For instance, in December 2020, The Ensign Group, Inc. acquired Hays Nursing and Rehabilitation Center, a 116-bed skilled nursing facility located in Texas
• To provide skilled nursing and rehabilitation service during the COVID-19 pandemic, many skilled nursing and rehabilitation facilities came up with remote programs to serve the patients remotely. For instance, Mount Sinai Health System is using MindMaze’s MindMotionGO platform, to track body movements of patients using optical motion-capture technology. It enables the therapist to monitor the motor recovery process. With the help of such technological solutions, the continuation of rehabilitation services during the pandemic is possible, while reducing the burden on hospitals and other facilities

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U.S. Skilled Nursing Facility And Rehabilitation Market Segmentation

Grand View Research has segmented the U.S. skilled nursing facility and rehabilitation market on the basis of type of facility:

U.S. Skilled Nursing Facility And Rehabilitation Type of Facility Outlook (Revenue, USD Billion, 2016 - 2028)

• Freestanding
• Hospital

List of Key Players of U.S. Skilled Nursing Facility And Rehabilitation Market

• Brookdale Senior Living, Inc
• The Ensign Group, Inc
• Genesis Healthcare, Inc
• Extendicare
• Sunrise Senior Living, LLC
• ProMedica
• Golden Living Centers
• Life Care Centers of Amer

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.