Spatial OMICS Market Expected To Propel Industry Growth By 2028: Grand View Research Inc.

 Spatial OMICS Market Growth & Trends

The global spatial OMICS market size is expected to reach USD 484.22 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.00% from 2021 to 2028. The COVID-19 pandemic slowed down many industries worldwide. However, this market did not face the extensive negative impact of the pandemic.

Startups and well-established players continued their product development and launched novel solutions, democratized their offerings beyond innovators, and engaged in mergers & acquisitions. The spatial OMICS field originated from hyperplexed imaging; however, key players have shifted toward the development of spatial transcriptomics solutions and products.

Rapid advances in the sequencing of tissues, genes, and single cells have resulted in the emergence of spatial genomic sequencing. Spatial OMICS techniques offer quantitative gene expression data and visualization of DNA and RNA mapping within tissue sections. The development of novel technologies for spatial OMICS is anticipated to create lucrative opportunities for the fields of translational research as well as diagnostics.

The spatial genomics technology segment is expected to expand at the fastest CAGR throughout the forecast period owing to a rise in the launch of novel platforms. The integration of high-throughput solutions in transcriptomics, genomics, and proteomics studies has enabled determining the link between disease occurrence and genome position.

The instruments product held the second-largest share in 2020 owing to the launch of new automated solutions for spatial OMIC studies. For instance, in March 2021, Rebus Biosystems launched the new Rebus Esper spatial omics platform for a better understanding of tissue biology. The new integrated and automated instrument delivers quantitative single-cell, single-molecule data with subcellular resolution and spatial context by using advanced fluidics, imaging, chemistry, and bioinformatics solutions.

The fresh frozen sample type is expected to witness significant growth over the forecast period. The advantages of fresh frozen samples in proteomics are validated by several research studies. For instance, in March 2021, a study concluded that Filter Aided Sample Preparation (FASP) technique yielded 20% more protein identifications by using fresh frozen samples than formalin-fixed, paraffin-embedded (FFPE) samples.

North America held the largest share in 2020 owing to an increase in focus on translational research, rise in government support for genomics and sequencing technologies, high demand for personalized medicine, and the presence of a substantial number of translational and academic research organizations.

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Spatial OMICS Market Report Highlights

• By technology, spatial transcriptomics accounted for the largest share in 2020 and is projected to maintain its dominance throughout the forecast period as most of the available products are based on mRNA analysis for positional information
• In terms of product, the consumables segment held the largest revenue share in 2020 owing to the frequent purchase of reagents and probes to run instruments
• Based on workflow, the instrumental analysis segment dominated the market in 2020 owing to the technological advancements and launch of novel products in the market
• The fresh frozen sample type is anticipated to expand at a lucrative CAGR from 2021 to 2028 as fresh frozen tissue preserves the native state of proteins and hence are adopted in spatial proteomics analysis
• On the basis of end use, the academic and translational research institutes dominated the market in 2020 owing to an increase in biomedical research in academic universities

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Spatial OMICS Market Segmentation

Grand View Research has segmented the global spatial OMICS market on the basis of technology, product, workflow, sample type, end use, and region:

Spatial OMICS Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Spatial Transcriptomics
  • Sequencing-based Methods
    • Laser capture microdissection (LCM), by tissue type
      • FFPE tissue samples
        • Others
      • Transcriptome in-vivo analysis (TIVA)
      • In situ sequencing
      • Microtomy sequencing
    • IHC
    • Microscopy-based RNA Imaging Techniques, by methods        
      • Single Molecule RNA Fluorescence In-Situ Hybridization (smFISH)
      • Padlock Probes/ Rolling Circle Amplification
      • Branched DNA probes
    • Spatial Genomics
      • FISH
      • Microscopy-based Live DNA Imaging
      • Genome Perturbation Tools
      • Massively-parallel Sequencing
      • Biochemical Techniques
      • Others
    • Spatial Proteomics
      • Imaging Techniques
        • Microscopy
        • Multiplexed Ion Beam Imaging
      • Mass Spectrometry
      • Immunofluorescence Techniques
      • Centrifugation Techniques
      • Others

Spatial OMICS Product Outlook (Revenue, USD Million, 2017 - 2028)

• Instruments
  • By Mode
    • Automated
    • Semi-automated
    • Manual
  • By Type
    • Sequencing Platforms
    • IHC
    • Microscopy
    • Flow Cytometry
    • Mass Spectrometry
    • Others
  • Consumables
  • Software
    • Bioinformatics tools
    • Imaging tools
    • Storage and management databases

Spatial OMICS Workflow Outlook (Revenue, USD Million, 2017 - 2028)

• Sample Preparation
• Instrumental Analysis
• Data Analysis

Spatial OMICS Sample Type Outlook (Revenue, USD Million, 2017 - 2028)

• FFPE
• Fresh Frozen

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

• Academic & Translational Research Institutes
• Pharmaceutical and Biotechnology Companies

Spatial OMICS Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

 List of Key Players of Spatial OMICS Market

• 10x Genomics
• Dovetail Genomics
• S2 Genomics, Inc.
• NanoString Technologies, Inc.
• Seven Bridges Genomics
• PerkinElmer, Inc.
• Bio-Techne
• Danaher Corporation
• IonPath, Inc.
• Millennium Science Pty Ltd.
• Akoya Biosciences, Inc.
• Fluidigm Corporation
• Diagenode Diagnostics
• Biognosys AG
• Rebus Biosystems
• Ultivue, Inc.
• Vizgen Corp.
• BioSpyder Technologies
• Bruker
• Brooks Automation, 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.

Intraoral Cameras Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Intraoral Cameras Market Growth & Trends

The global intraoral cameras market size is expected to reach USD 3.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.9% from 2021 to 2028. The rising prevalence of dental problems coupled with increasing demand for dental clinics are factors driving the market.

The increasing number of dental procedures, raising awareness, and demand for surgical services for dental care are fueling the growth of the market. In addition, favorable government initiatives regarding oral hygiene are a significant factor that is leading to the adoption of dental treatment. As per The Center for Disease Control and Prevention Data, periodontal disease is largely prevalent in the U.S. Tooth decay and cavities are the most common causes of oral disease in adults and children worldwide. This is increasing the need for a routine oral checkup, thereby boosting the market growth.

Technological advancement is another factor that is likely to fuel market growth. For instance, intraoral cameras are equipped with new features such as USD connectivity and light source-based LED technology. However, such features are likely to increase the cost of the cameras, which may hinder the sale of the device.

In the light of COVID-19, the market was hampered as the booking of appointments of patients for dental treatments was temporarily suspended. However, since governments in many countries have allowed resuming of elective surgical procedures, clinics have also started dental diagnostic procedures again. Moreover, according to the BBC network, inquiries and appointments for dental treatments have seen a surge following the pandemic and are thus expected to propel market growth.

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Intraoral Cameras Market Report Highlights

• The intraoral wand segment dominated the market in 2020 and is anticipated to witness the highest growth over the forecast period due to ease of operation and the convenience offered
• The USB Camera segment held a lucrative market share in 2020 and is anticipated to grow fast over the forecast period due to features such as an inbuilt light source and portable nature
• The dental clinic segment held a significant revenue share in 2020 owing to the rise in the adoption of advanced instruments in these settings
• In Asia Pacific, the market is expected to grow fast in the coming years owing to growing medical tourism, improving healthcare facilities, and increasing disposable income of consumers

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Intraoral Cameras Market Segmentation

Grand View Research has segmented the global intraoral camera market on the basis of product, technology, end-use, and region:

Intraoral Cameras Product Outlook (Revenue, USD Million, 2016 - 2028)

• Intraoral Wand
• Single Lens Reflex

Intraoral Cameras Technology Outlook (Revenue, USD Million, 2016 - 2028)

• USB
• Fiber Optic
• Wireless
• Others

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

• Hospital
• Dental Clinic
• Others

Intraoral Cameras Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Intraoral Cameras Market

• Danaher Corporation
• Sirona Dental System
• Carestream Health
• Gendex
• Owandy Radiology
• TPC Advanced Technology Inc.
• Digital Doc LLC
• DEXIX
• Prodent

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.

Biotechnology Reagents & Kits Market is Projected to Boost USD 1.14 Trillion by 2028: Grand View Research Inc.

 Biotechnology Reagents & Kits Market Growth & Trends

The global biotechnology reagents & kits market size is expected to reach USD 1.14 trillion by 2028, registering a CAGR of 16.5% over the forecast period, according to a new report by Grand View Research, Inc. Key factors driving the market include the introduction of novel and advanced products, a rise in investments in the biotechnology sector, and increasing demand for synthetic biology.

Increasing research and development expenditure for life sciences and biotechnology research is expected to drive the market significantly in the coming years. Over the past few decades, the biotechnology sector has witnessed a paradigm shift toward new treatments & drugs, biologically controlled production processes, genetically modified foods, biologically based computing, and new materials, thereby propelling the market growth.

Advancements in molecular diagnostic techniques, such as droplet digital PCR, NGS, and genome-wide sequencing with respect to accuracy, reproducibility, and timeline, have influenced the adoption of biotechnology reagents & kits in the market. The advent of long-read sequencing has made sequencing of longer strands of DNA possible by only reading single DNA molecules, in turn, driving the market growth.

Cell culture technology accounted for the largest revenue share in 2020 owing to the vast product portfolio offered by the key entities and expanding cell biology research. RNA-Seq using NGS technology has emerged as the method of choice for research communities investigating the transcriptome. The virus segment dominated the market in 2020 with increased adoption in cell & gene therapies and vaccinology. The ongoing pandemic has positively impacted the market growth as focused efforts are being conducted for vaccine development using viral vectors.

North America captured the maximum revenue share in 2020 with the U.S. being the largest contributor. The presence of key players coupled with active involvement in research activity has contributed to the maximum share of the region. Asia Pacific is projected to register the fastest CAGR from 2021 to 2028 owing to the improvements in health care infrastructure, entry of large biotechnological organizations, and increasing R&D activities. The key players in the global market are engaged in collaboration with biopharma developers to support their product development process.

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Biotechnology Reagents & Kits Market Report Highlights

• The detection kits segment accounted for the maximum revenue share in 2020 owing to the high demand due to the pandemic
• Amplification kits are anticipated to register a considerable growth rate due to the expanding applications of LAMP technology and PCR
• The development of Point-of-Care (POC) testing has primarily driven the market for on-site testing
• On-site DNA testing administers a broad array of DNA paternity and family relationship, including forensic DNA testing services and prenatal testing options
• Currently, the healthcare segment is the key end-user of the market with the highest penetration of reagents & kits, in terms of usage, in this segment

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Biotechnology Reagents & Kits Market Segmentation

Grand View Research has segmented the global biotechnology reagents & kits market on the basis of kit type, technology, tested parameters, micro-organisms, purpose, end use, and region:

Biotechnology Reagents & Kits Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Purification
• Amplification
• Detection
• Isolation
• Others

Biotechnology Reagents & Kits Technology Outlook (Revenue, USD Billion, 2017 - 2028)

• LAMP Technology
• PCR
• Electrophoresis
• Chromatography
• Flow Cytometry
• Sequencing
• Cell Culture
• Other Technologies

Biotechnology Reagents & Kits Tested Parameters Outlook (Revenue, USD Billion, 2017 - 2028)

• DNA
• RNA
• Enzymes
• Proteins
• Others

Biotechnology Reagents & Kits Micro-Organisms Outlook (Revenue, USD Billion, 2017 - 2028)

• Bacteria
• Virus
• Fungi
• Parasites

Biotechnology Reagents & Kits Purpose Outlook (Revenue, USD Billion, 2017 - 2028)

• On-Site
• Laboratory

Biotechnology Reagents & Kits End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Healthcare
• Food & Agriculture
• Natural Resources & Environment
• Industrial Processing
• Others

Biotechnology Reagents & Kits Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Biotechnology Reagents & Kits Market

• Thermo Fisher Scientific
• QIAGEN
• New England Biolabs
• Illumina, Inc.
• Agilent Technologies, Inc.
• Bio-Rad Laboratories
• Hoffmann-La Roche Ltd.
• Merck KGaA
• Promega Corp.
• Takara Bio, Inc.
• LGC Ltd.
• Toyobo Co. Ltd.

About Grand View Research

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

Contact Center As A Service Market to Observe Strong Development by 2028: Grand View Research Inc.

 Contact Center As A Service Market Growth & Trends

The global contact center as a service market size is expected to reach USD 10.80 billion by 2028, registering a CAGR of 15.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The promising future growth prospects of the market can be attributed to the increasing need of businesses to enhance customer experience. To rise above the competition, businesses across the globe place high importance on maintaining a quality customer experience by offering timely and accurate feedback to their consumers.

Businesses have started realizing the value of having a cloud-based customer contact center solution. The Contact Center as a Service (CCaaS) industry is expected to witness significant growth from opportunities created by the migration of the global workforce to the cloud. According to a Microsoft study, around 66% of businesses globally are using at least three communication channels to effectively connect with brands.

The increasing competition in the contact center industry to retain customers is expected to fuel the adoption of CCaaS. These cloud-based services offer solutions and tools that would support representatives while dealing with their customers. Moreover, these services help representatives in offering real-time assistance and eventually boost their customer handling skills.

The COVID-19 pandemic is expected to have a positive impact on the market. The use of CCaaS has allowed organizations to embrace remote working models and continue business operations despite the varying degrees of movement restrictions put in place by regional and national governing bodies. However, the increasing concerns of data security are expected to hamper the market growth over the forecast period. Moreover, CCaaS solutions handle huge data volumes and critical financial data of consumers, which could be at risk of malicious attacks.

North America accounted for the highest revenue share in 2020 and is likely to retain the leading position throughout the forecast period. On the other hand, Asia Pacific is expected to be the fastest-growing regional market during the forecast years owing to the rapid industrial expansion and development in emerging economies of the region, such as China and India. 

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Contact Center As A Service Market Report Highlights

• The customer collaboration solution segment is expected to witness the fastest CAGR over the forecast period due to the rising focus of businesses on offering enhanced customer satisfaction by solving their issues and promptly attending their calls
• The managed services segment is likely to register the fastest CAGR from 2021 to 2028
• The increasing need for monitoring IT operations, data backup & recovery, help desk support, and security is expected to drive the demand for managed services
• The consumer goods & retail end-use segment is expected to provide promising growth opportunities to the market
• The increasing usage of online channels for purchasing consumer goods amidst the COVID-19 pandemic is expected to drive the demand for CCaaS in the consumer goods & retail industry

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Contact Center As A Service Market Segmentation

Grand View Research has segmented the global contact center as a service market on the basis of solution, service, enterprise size, end use, and region:

CCaaS Solution Outlook (Revenue, USD Million, 2016 - 2028)

• Automatic Call Distribution
• Call Recording
• Computer Telephony Integration
• Customer Collaboration
• Dialer
• Interactive Voice Response
• Reporting & Analytics
• Workforce Optimization
• Others

CCaaS Service Outlook (Revenue, USD Million, 2016 - 2028)

• Integration & Deployment
• Support & Maintenance
• Training & Consulting
• Managed Services

CCaaS Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

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

• BFSI
• Consumer Goods & Retail
• Government
• Healthcare
• IT & Telecom
• Travel & Hospitality
• Others

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

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

List of Key Players of Contact Center As A Service (CCaaS) Market

• Alcatel Lucent Enterprise
• Avaya, Inc.
• Cisco Systems, Inc.
• Enghouse Interactive, Inc.
• Five9, Inc.
• Genesys
• Microsoft Corp.
• NICE inContact
• SAP SE
• Unify, 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.

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

 Mobile Payment Market Growth & Trends

The global mobile payment market size is expected to reach USD 273.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 31.8% from 2021 to 2028. The rising penetration rate of smartphones and the growing preference for contactless payments across the globe are expected to drive the growth of the market over the forecast period. Continued integration of biometric authentication into mobile payments also bodes well for the growth of the market. According to a study published by Biometric Update, the use of biometrics in mobile commerce, app-based purchase, and mobile device payments is expected to emerge into a market worth USD 3.0 trillion by 2025.

Solution providers are aggressively facilitating smart parking payment solutions. For instance, in February 2021, Google announced a new feature that allows users to pay for parking slots within Google Maps. The feature would be available for Android users in over 400 U.S. cities and would soon be rolled out for iPhones also. Transit companies are adopting mobile ticking aggressively, thereby contributing to the growth of the market. For instance, in August 2020, Saskatoon Transit, a mass transportation system provider, announced the rollout of a new service that allows people to buy tickets on their smartphones.

Smart speaker payments are gaining traction and are expected to play a vital role in driving the growth of the market. Leading developers of smart speaker payment solutions, including Amazon, Apple, and Google, are pursuing strategic initiatives, such as mergers and acquisitions and strategic partnerships, to promote the technology. For instance, in August 2019, NatWest, a retail banking company, announced a partnership with Google for a pilot project that envisages the company allowing its customers to carry out banking transactions from home using smart speakers or Google Assistant.

The outbreak of the COVID-19 pandemic is expected to have a positive impact on the market. The restrictions imposed by various governments across the globe on the movement of people as part of the efforts to arrest the spread of coronavirus and the growing preference among individuals to stay at home in the wake of the outbreak of the pandemic have particularly triggered a paradigm shift in the consumers’ shopping behaviors. Consumers are typically trying to avoid any physical contact while making payments and prefer contactless payments at the point of sale. According to the statistics provided by East West Bank, the usage of contactless payment modes in the U.S increased 150% over the year in 2020. Moreover, 87% of the consumers preferred using contactless payment options while shopping at stores.

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Mobile Payment Market Report Highlights

• The near field communication segment is anticipated to register the highest CAGR over the forecast period owing to the growing preference for NFC-based payment solutions among merchants and customers
• The B2C segment is anticipated to register the highest CAGR from 2021 to 2028 owing to the growing use of mobile devices for making personal payments
• The proximity payment segment is expected to register the highest CAGR over the forecast period owing to the rising adoption of payment solutions based on NFC, Wi-Fi, and Bluetooth connectivity
• The retail and e-commerce segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing partnerships between mobile payment providers and retailers
• In Asia Pacific, the market accounted for the largest revenue share in 2020. Increasing use of smartphones for online shopping of packaged food and drinks is driving the market in the region

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Mobile Payment Market Segmentation

Grand View Research has segmented the global mobile payment market based on technology, payment type, location, end use, and region:

Mobile Payment Technology Outlook (Revenue, USD Billion, 2016 - 2028)

• Near Field Communication
• Direct Mobile Billing
• Mobile Web Payment
• SMS
• Interactive Voice Response System
• Mobile App
• Others

Mobile Payment Type Outlook (Revenue, USD Billion, 2016 - 2028)

• B2B
• B2C
• B2G
• Others

Mobile Payment Location Outlook (Revenue, USD Billion, 2016 - 2028)

• Remote
• Proximity

Mobile Payment End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• BFSI
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail & E-commerce
• Transportation
• Others

Mobile Payment Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Mobile Payment Market

• Google (Alphabet Inc.)
• Alibaba Group Holdings Limited
• com, Inc.
• Apple Inc.
• American Express Company
• M-Pesa
• Money Gram International
• PayPal Holdings, Inc.
• Samsung Electronics Co., Ltd.
• Visa Inc.
• WeChat (Tencent Holdings Limited)

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.

Hydrogel-based Drug Delivery System Market to Reach Around USD 10.6 Billion by 2028: Grand View Research Inc.

 Hydrogel-based Drug Delivery System Market Growth & Trends

The global hydrogel-based drug delivery system market size is anticipated to reach USD 10.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.5% from 2021 to 2028. Hydrogels help in achieving spatial and temporal control over the release of the incorporated drug. Therefore, the surging demand for controlled releases drug delivery system across many therapeutic areas is a key factor expected to contribute to market growth during the forecast period.

Hydrogel-based drug delivery systems deliver the therapeutic drug directly at the target site and in a sustained manner. This can leverage beneficial outcomes such as improved efficacy, reduced side effects, and decreased dosage for patients and formulators. Hydrogel-based drug delivery systems are appealing and have been used in many branches of medicine such as oncology, pain management, immunology, cardiology, and wound management.

The unique physical properties of hydrogel attract their interest in use for drug delivery applications. The porosity and drug loading capacity of hydrogels can be adjusted by modifying the density of cross-linking. This helps them to protect liable large drug molecules from degradation increasing the half-life. Many research studies have been carried out to examining the delivery of insulin orally using hydrogel systems. As patient compliance issues are frequently reported with injectable insulins such innovation is expected to be a disruptive technology in the diabetes care market.

There are numerous clinical studies underway specific to hydrogel-based drug delivery systems and various hydrogel technologies have already received regulatory approval for biomedical application. However, the technological challenges including the absence of defined regulatory guidelines, chemistry, complex manufacturing and control paraments, and practical adaptability are major roadblocks in the successful implementation in drug delivery use. For instance, the fabrication of hydrogel is complex and varies significantly depending upon the hydrogel systems.

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Hydrogel-based Drug Delivery System Market Report Highlights

• Based on polymer origin, the synthetic segment held the largest proportion of market share in 2020
• The hybrid segment is expected to witness the fastest growth rate over the forecast period owing to the development of stimuli-responsive hydrogel technology
• The synthetic segment is anticipated to grow fast over the forecast period compared to natural hydrogels due to their high drug loading capacity and improved mechanical strength
• Based on delivery route, the ocular segment accounted for the largest revenue share in 2020
• The subcutaneous segment is expected to grow at a healthy rate over the forecast period owing to the increasing number of clinical and pre-clinical studies carried out
• North America holds the largest revenue share in this market due to the presence of key companies in the region doing R&D on specific hydrogel-based drug delivery systems
• In Asia Pacific, the market is expected to grow at the fastest rate over the forecast period due to large patient base, improving healthcare infrastructure, and surging demand for modern therapies

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Hydrogel-based Drug Delivery System Market Segmentation

Grand View Research has segmented the global hydrogel-based drug delivery system market on the basis of polymer origin, delivery route, and region:

Hydrogel-based Drug Delivery System Polymer Origin Outlook (Revenue, USD Million, 2016 - 2028)

• Natural
• Synthetic
• Hybrid

Hydrogel-based Drug Delivery System Delivery Route Outlook (Revenue, USD Million, 2016 - 2028)

• Subcutaneous
• Ocular
• Oral Cavity
• Topical
• Other

Hydrogel-based Drug Delivery System Region Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Hydrogel-based Drug Delivery System Market

• GALDERMA
• Blairex Laboratories, Inc.
• Johnson & Johnson
• Bausch and Lomb
• Medtronic
• Ocular Therapeutix, Inc.
• Ferring B.V.
• Endo International plc
• Akorn, Incorporated
• Tolmar Pharmaceuticals, 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.

3D Printing Construction Market Outlook & Future Forecast Report Till 2028

 3D Printing Construction Market Growth & Trends

The global 3D printing construction market size is expected to reach USD 1,034,096.7 thousand by 2028, registering a CAGR of 91.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising awareness about 3D printing techniques in the construction industry and the significant increase in green construction projects globally. Various benefits offered by the technology, including increased construction speed, reduction in costs and waste, reduction of on-site accidents, and flexibility in creating complex architectural shapes, are also driving its adoption in the construction industry.

The funding received by the 3D printing construction providers from the respective governments for developing space-based construction systems is expected to create new opportunities for market growth in the forthcoming years. For instance, in October 2020, ICON Technology, Inc. announced that it was awarded a government contract called Small Business Innovation Research (SBIR) and funding from NASA to conduct a space-based construction project called “Project Olympus” on the Moon. In this project, ICON Technology, Inc partnered with BIG and SEArch+, a company specialized in space exploration, to develop lunar structures from the available material on the Moon.

The use of 3D printing technology in the construction industry can reduce the number of laborers required on-site, which can eventually resolve the labor shortage problem, particularly in countries where the industry is heavily dependent on migrant workers. However, 3D printing technology may not be favorable for countries where the construction industry is a key employer and labor is less expensive. Moreover, individuals using specialized 3D construction printers require proper training, which could add to the overall cost of a project.

The outbreak of the COVID-19 pandemic negatively impacted the market growth as supply chains were disrupted and several construction projects were stalled due to the lockdowns imposed by various governments across the globe. Construction companies rely on the supply of equipment and raw materials from their suppliers. However, as several governments restricted the movement of goods locally and across the border, companies had to halt their construction activities, given the stalled supply of raw materials and equipment.

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3D Printing Construction Market Report Highlights

• The extrusion segment is expected to witness the highest growth due to the introduction of extrusion-based 3D printers by the companies operating in the 3D printing construction space
• The concrete segment is expected to witness the highest CAGR over the forecast period. The segment growth can be attributed to the increase in the demand for 3D printed concrete formwork as it requires less-skilled workers compared to conventional concrete construction
• The building segment dominated the market in 2020 and is expected to show similar trends during the forecast period. The segment growth can be attributed to the increase in the need for houses globally
• The Asia Pacific regional market is expected to witness the highest CAGR owing to the increasing industrial expansion and development in the emerging economies of the region

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3D Printing Construction Market Segmentation

Grand View Research has segmented the global 3D printing construction market based on the construction method, material type, end user, and region:

3D Printing Construction Method Outlook (Revenue, USD Thousand, 2016 - 2028)

• Extrusion
• Powder Bonding
• Others

3D Printing Construction Material Type Outlook (Revenue, USD Thousand, 2016 - 2028)

• Concrete
• Metal
• Composite
• Others

3D Printing Construction End-user Outlook (Revenue, USD Thousand, 2016 - 2028)

• Building
• Infrastructure

3D Printing Construction Regional Outlook (Revenue, USD Thousand, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • South Korea
• South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia/KSA

List of Key Players of 3D Printing Construction Market

• COBOD International A/S
• Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun)
• XtreeE
• Apis Cor
• WASP S.r.I
• CyBe Construction
• Sika AG
• MX3D
• Contour Crafting Corporation
• ICON Technology, Inc.
• Constructions -3D

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.

Spinal Fusion Device Market Top Players, Segments, Cost Structure, Demand, Sales | 2028 Forecast

 Spinal Fusion Device Market Growth & Trends 

The global spinal fusion device market size is expected to reach USD 8.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. The increasing number of spinal-related disorders and technological advancement in spinal fusion surgeries are boosting the market growth. The market experienced a slight decrease in growth rate in 2020 due to delays or cancellations of elective surgeries.

Nuvasive reported a decrease in the revenue by 5.4% in 2020 Q1 as compared to 2019 Q1. However, the market experienced recovery during the 3^rd quarter of 2020 due to the ease of lockdown and resumption of surgeries. In May 2021, Orthofix received FDA 510 (k) clearance for the Forza Ti spacer system for transforaminal lumbar interbody fusion procedures. In March 2021, ATEC launched the InVictus Occipital-Cervical-Thoracic Spinal Fixation System to enhance the spine portfolio. The aforementioned factors are expected to boost market revenue over the forecast period.

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Spinal Fusion Device Market Report Highlights

• The thoracolumbar devices dominated the product segment of the market in 2020. This contribution is mainly because of the increased number of thoracolumbar disorders and technological advancements
• The minimally invasive segment dominated the market and accounted for the largest revenue share of over 64.0% in 2020. The associated advantages such as less blood loss, less surgery time, increased recovery time are boosting the growth of the segment
• The degenerative disc segment held the largest revenue share of over 42.0% in 2020. The growth can be attributed to the growing target population and the increasing number of lower back pain and neck pain in adults
• The hospitals segment held the largest revenue share in 2020. The growth can be attributed to advanced treatment options and a large number of patient footfall
• North American dominated the market in 2020 in terms of revenue share. Increased target population, advanced healthcare infrastructure, and technological advancements are anticipated to contribute to the growth of the market in the region

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Spinal Fusion Device Market Segmentation

Grand View Research has segmented the global spinal fusion device market on the basis of product, disease type, surgery, end-user, and region:

Spinal Fusion Device Product Outlook (Revenue, USD Million, 2016 - 2028)

• Thoracolumbar Devices
  • Anterior Lumbar Plates
  • Pedicle Screw and Rods
  • Others
• Cervical Fixation Devices  
  • Anterior Cervical Plates
  • Hook Fixation Systems
  • Others
• Interbody Fusion Devices 

Spinal Fusion Device Disease Type Outlook (Revenue, USD Million, 2016 - 2028)

• Degenerative Disc
• Complex Deformity
• Trauma & Fractures
• Others

Spinal Fusion Device Surgery Outlook (Revenue, USD Million, 2016 - 2028)

• Open spine surgery
• Minimally Invasive Spine Surgery

Spinal Fusion Device End-User Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Specialty Clinics
• Others

Spinal Fusion Device Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Spinal Fusion Device Market

• Johnson & Johnson Services, Inc. (DePuy Synthes)
• Stryker
• Zimmer Biomet
• Orthofix Medical, Inc.
• Braun Melsungen AG
• Medtronic
• NuVasive, Inc.
• Globus Medical
• ATEC Spine, Inc
• Captiva Spine, Inc
• SeaSpine
• Spinal Elements, Inc.
• Spine Wave, Inc.
• Spineology, Inc.
• Xtant Medical Holdings, 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.

Core Banking Software Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 Core Banking Software Market Growth & Trends

The global core banking software market size is expected to reach USD 17.48 billion by 2028, registering a CAGR of 7.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. Core banking software allows customers to get access to banking services through multiple channels, such as web and mobile banking, while also allowing them to carry out their banking activities from any branch location. Increasing customer demand for advanced banking technologies is anticipated to drive the market growth over the forecast period.

The growth of the market can be attributed to the increase in consumer preference for digital channels to meet their banking needs. Core banking software helps reduce business costs, protect data, manage risks, and segregate clients using a targeted and efficient approach. Core banking software allows banks to seamlessly merge back-office data and self-service operations.

The advent of telecommunication and computer technology is allowing businesses to share finance information with bank branches efficiently and quickly. Moreover, banks are focusing on moving to core banking applications to support their investment operations via a Centralized Online Real-time Exchange (CORE) of transaction data. Financial institutions and banks are adopting core banking software as it enables them to facilitate decision making through real-time reporting and analytics.

While the market is expected to witness steady growth in the near future, the COVID-19 pandemic is anticipated to adversely impact the market to a certain extent. However, the increasing demand for managing customer accounts from a single or centralized server is expected to fuel market growth. Increasing investments in core banking system updates to handle a growing volume of product-channel financial transactions is anticipated to propel the market growth over the forecast period.

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Core Banking Software Market Report Highlights

• The enterprise customer solutions segment is expected to witness significant growth over the forecast period as these solutions help banks in streamlining current business processes with advanced banking technology
• The core banking managed services model provides banks and financial institutions with a competitive edge by ensuring high usability, complete functionality, bug-fixing, and timely upgrades. This, in turn, is expected to drive the growth of the segment over the forecast period
• Banks and financial institutions can leverage the power of cloud-based applications. These solutions are deployed and developed as a set of flexible microservices with the help of Platform-as-a-Service (PaaS) tools. These solutions help banks and financial institutions in reducing operational costs, boost performance, and accelerate business growth, thereby driving the adoption of cloud-based solutions
• The growing need to increase productivity and operational efficiency of banks is expected to drive the adoption of core banking software across banks over the forecast period
• The promising rate of development of rural and private banking in developing economies such as China and India is anticipated to create growth opportunities for the Asia Pacific regional market

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

Core Banking Software Market Segmentation

Grand View Research has segmented the global core banking software market based on solution, service, deployment, end use, and region:

Core Banking Software Solution Outlook (Revenue, USD Million, 2016 - 2028)

• Deposits
• Loans
• Enterprise Customer Solutions
• Others

Core Banking Software Service Outlook (Revenue, USD Million, 2016 - 2028)

• Professional Service
• Managed Service

Core Banking Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Core Banking Software End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Banks
• Financial Institutions
• Others

Core Banking Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Core Banking Software Market

• Capgemini
• Finastra
• FIS
• Fiserv, Inc.
• HCL Technologies Limited
• Infosys Limited
• Jack Henry & Associates, Inc.
• Oracle Corporation
• Temenos Group
• Unisys

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.