Thermostatic Faucet Market Size Is Expected To Reach USD 11.59 Billion by 2028

 Thermostatic Faucet Market Growth & Trends

The global thermostatic faucet market size is expected to reach USD 11.59 billion by 2028, registering a CAGR of 5.29% over the forecast period, according to a new report by Grand View Research, Inc. The COVID-19 pandemic has affected nearly every industry sector. The focus of the consumer has shifted towards daily essentials thereby impacting the non-essential industry like plumbing. Several home renovation activities were put on hold in 2020.

Several key players in the market are providing modern faucets, which provide aesthetic appeal and are hygienic for usage. Also, the World Health Organization (WHO) has recognized the inadequacies of conservative public toilet design thereby propelling the need for thermostatic faucets in hospitals and other healthcare facilities.

Moreover, product innovation is expected to boost the adoption of thermostatic faucets among consumers. For instance, Delta Faucets provides Touch2O technology, which enables the flow of water to be activated by flouting the capacitance field anywhere around the device. Also, the rise in product offerings via social media and e-commerce platforms is influencing the way consumers purchase products. Many players in the market are pursuing both direct-to-consumer and online channels.

According to the WHO, in several developing countries, the impact of Healthcare-Associated Infections (HAIs) is greater than in developed countries. Also, the advent of smart faucets has lowered frequent contact with the handles thereby making them more hygienic. Companies are increasingly focusing on strategic partnerships as these growth strategies help target a larger audience and increase brand visibility.

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Thermostatic Faucet Market Report Highlights

• The comfort and safety provided by thermostatic faucets is a major factor anticipated to drive the product demand across the globe
• Based on product type, the global market is categorized into a single lever, two-handle mixers, and others. The single lever handle segment held the maximum revenue share in 2020 due to high demand for these products in the residential sector
• Supportive government plans for affordable housing and low housing loans are major factors encouraging homeowners to invest in home remodeling and refurbishment
• Asia Pacific is expected to witness the fastest growth rate from 2021 to 2028 due to the increasing consumer disposable income, availability of advanced products, and rise in the housing & residential construction sector

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Thermostatic Faucet Market Segmentation

Grand View Research has segmented the global thermostatic faucet market based on product, end-user, and region:

Thermostatic Faucet Product Outlook (Revenue, USD Million, 2016 - 2028)

• Single Lever Mixer
• Two Handle Mixers
• Others

Thermostatic Faucet End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

Thermostatic Faucet Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Rest of North America
• Europe
  • UK.
  • Germany
• Asia Pacific
  • Japan
  • India
• Central & South America
  • Brazil
  • Rest of Central & South America
• Middle East & Africa
  • South Africa
  • Rest of Middle East & Africa

List of Key Players of Thermostatic Faucet Market

• Grohe AG
• Kohler Co.
• Moen, Inc.
• Cera Sanitaryware Ltd.
• Rocca Sanitario
• Jaguar Group
• Geberit AG
• Reliance Worldwide Corporation Ltd.
• Masco Corp.
• LIXIL Corp.

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.

COVID-19 Vaccine Development Tools Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 COVID-19 Vaccine Development Tools Market Growth & Trends

The global COVID-19 vaccine development tools market size is expected to reach USD 30.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028. Research professionals across the globe, are rapidly persuading the identification and development of viable candidates to develop COVID-19 immunization shots. This is attributed to the persisting devastation of SARS-CoV-2 across the globe. Additionally, second waves of SARS-CoV-2 infection were expected to coincide with the beginning of winter in the northern hemisphere, indicating the crucial period in the pandemic’s timeline.

Thus, the development of a viable immunization shot is imperative to mitigate the global impact of COVID-19. Acknowledging this need, entities engaged in the development of effective inoculation against COVID-19, are aiming at 4 potential key vaccine candidates, namely, mRNA, recombinant, inactivated, and replication-deficient viral vector. These 4 candidates are the key areas of focus, and the integration of mass spectrometry and chromatography for candidate characterization is common across the development process of all the above candidates.

The spike protein (S-protein) is the most preferred target site with respect to the COVID-19 vaccine target discovery. This is attributed to the fact that the S-proteins are spread throughout the surface of the COVID-19 molecule, which enables attachment to host cell receptors, in turn ensuring easy entry of the virus into the host cell. Active government initiatives aimed at enabling the fast-track development of COVID-19 boosters are expected to create a favorable environment for entities operating in the industry.

For instance, in April 2020, the Access to COVID-19 Tools (ACT) Accelerator was launched aimed at speeding up the delivery and development of COVID-19 boosters. This initiative is inclusive of a health systems connector that supports the delivery of required resources to countries. The tools are also pooled under the umbrella mechanism, namely, the COVAX Facility to ensure effective procurement as well as equitable access to, COVID-19 vaccination and development tools. The ACT Accelerator targets to deliver around 2 billion doses by the end of 2021, across the globe.

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COVID-19 Vaccine Development Tools Market Report Highlights

• Laboratory technologies have generated the highest revenue in 2020 and this segment is anticipated to maintain its dominance throughout the forecast period
• Significant growth in the adoption of pre-existing laboratory technologies such as PCR, 3D and 2D cell culture products, and flow cytometry is attributive to the segment’s dominance
• The PCR and qPCR segment dominated the market in terms of revenue share in 2020
• The WHO recommends the implementation of rRT-PCR in surveillance of participants for effective COVID-19 vaccine evaluation, which has supplemented a significant surge in the uptake of PCR products
• Detecting new mutations in SARS-CoV-2 enables research professionals to reconstruct unknown infection routes along with establishing a molecular basis for COVID-19 vaccine design
• This has widely promoted the usage of NGS particularly across molecular typing and genomic epidemiology applications, making it the fastest-growing segment throughout the forecast period
• Interactive web tools have emerged as dominant online technologies employed in COVID-19 vaccine development and research
• Online interactive web tools have gained sufficient traction amongst the researchers and vaccine developers as these entail interactive graphs, maps, and dashboards that assist in effective monitoring of vaccine development while avoiding any misinformation
• Vaccine research has witnessed the highest penetration of COVID-19 vaccine development tools, leading to the segment’s largest share in 2020
• Large-scale adoption of tools associated with nucleic acid isolation and purification, real-time PCR, Sanger sequencing, mass spectrometry, and NGS among others has contributed to the segment’s dominance
• The contract research organization (CROs) end-use segment is expected to grow at a fast pace through 2021 - 2028. Partnerships with CROs are proving integral as they ensure access to a vast number of resources along with expanded expertise
• North America dominated the market and accounted for the largest revenue share in 2020; U.S. ranked 1^stin this region, in terms of revenue
• More than 20% of the vaccines being developed across the globe hail from the U.S., thus, providing immense lucrative opportunities for the market players operational in the country

Access Press Release@ https://www.grandviewresearch.com/press-release/global-covid-19-vaccine-development-tools-market

COVID-19 Vaccine Development Tools Market Segmentation

Grand View Research has segmented the global COVID-19 vaccine development tools market on the basis of technology, application, end use, and region:

COVID-19 Vaccine Development Tools Technology Outlook (Revenue, USD Million, 2020 - 2028)

• Laboratory Technologies
  • Next Generation Sequencing
  • PCR & qPCR
  • Flow Cytometry
  • Spectrometry
  • Microscopy&Electron Microscopy
  • Preparative & Process Chromatography
  • Nucleic Acid Isolation & Purification
  • Transfection Electroporation
  • Cell Culture
  • Automated Liquid Handling
• Online Technologies
  • Interactive Web Technologies
  • Vaccine Management & Tracker Technologies

COVID-19 Vaccine Development Tools Application Outlook (Revenue, USD Million, 2020 - 2028)

• Vaccine Research
• Vaccine Process Development
• Vaccine Quality Assurance/Quality Control

COVID-19 Vaccine Development Tools End-use Outlook (Revenue, USD Million, 2020 - 2028)

• Pharma & Biopharma Companies
• Contract Research Organization (CROs)
• Academic & Research Institutes

COVID-19 Vaccine Development Tools Regional Outlook (Revenue, USD Million, 2020 - 2028)

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

List of Key Players of COVID-19 Vaccine Development Tools Market

• Thermo Fisher Scientific, Inc.
• Celerion
• Cole-Parmer Instrument Company, LLC.
• Pfizer Inc.
• Sartorius AG
• STEMCELL Technologies Inc.
• AB SciexPte. Ltd.
• Illumina, Inc.
• Agilent Technologies
• Bio-Rad Laboratories, Inc.
• Danaher
• Merck KGaA
• Qiagen N.V.
• Shimadzu Corporation
• Eurofins Scientific
• Charles River Laboratories
• Takara Bio Inc.
• PerkinElmer Inc.
• Fluidigm
• OLYMPUS CORPORATION
• Avantor, Inc.
• Polyplus Transfection
• Hamilton Company
• Aurora Biomed 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.

COVID-19 Antigen Test Market is Projected to Boost USD 8.3 Billion by 2027: Grand View Research Inc.

 COVID-19 Antigen Test Market Growth & Trends 

The global COVID-19 antigen test market size is expected to reach USD 8.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 6.7% from 2021 to 2027. A COVID-19 antigen test can help fill the gap in the testing landscape by enabling fast diagnoses in clinical settings. With the rising number of new infection cases coupled with the increasing popularity of antigen testing, a substantial number of companies are making significant attempts to boost their market presence in this arena, thereby driving the market.

Antigen-based screening for acute phase diagnosis is gaining momentum, as antigens are more evident in the sputum from the onset of symptoms. Moreover, integration of antigen detection in disease screening enables its use for PoC, community-wide, or door-to-door testing. This mode of testing can deliver results in real-time, and thus, help accelerate patient admission and treatment processes, leading to improved patient outcomes.

With the expected decline in COVID-19 cases, PoC tests can become critical in the determination of infected individuals and asymptomatic carriers to assure their isolation from the general population. While this test mode is currently unavailable for large-scale use, both private and public organizations across the globe are working on prototypes, with over 50 currently in development.

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COVID-19 Antigen Test Market Report Highlights

• The services segment dominated the market and accounted for the largest revenue share in 2020 owing to the increasing usage of Rapid Antigen Tests (RATs) by service providers including labs, hospitals, and others
• The reagents and kits segment is anticipated to register the fastest CAGR over the forecast period due to the rising popularity of self-administered test kits
• The clinics and hospitals segment dominated the market in 2020 with the highest test penetration in terms of usage in this end-use segment
• The home care segment is projected to grow at a lucrative pace during the forecast period owing to the increased approval of over-the-counter tests with no prescription required
• In Asia Pacific, the market captured maximum revenue share in 2020 with India as one of the key users of antigen tests
• On the contrary, the approval and adoption of antigen tests in western countries is relatively slow
• However, with the increase in the number of cases, in the U.S., key diagnostic developers have begun antigen test development and are planning to ship test kits in bulk to healthcare practitioners
• The key players are engaged in collaboration with biopharma developers to support their product development process

Access Press Release@ https://www.grandviewresearch.com/press-release/global-covid-19-antigen-tests-market

COVID-19 Antigen Test Market Segmentation

Grand View Research has segmented the global COVID-19 antigen test market on the basis of product and service, end use, and region:

COVID-19 Antigen Test Product & Service Outlook (Revenue, USD Million, 2020 - 2027)

• Platforms
• Reagents & Kits
• Services

COVID-19 Antigen Test End-use Outlook (Revenue, USD Million, 2020 - 2027)

• Clinics & Hospitals
• Home Care
• Diagnostic Labs
• Others

COVID-19 Antigen Test Regional Outlook (Revenue, USD Million, 2020 - 2027)

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

List of Key Players of COVID-19 Antigen Test Market

• Abbott
• SD Biosensor Inc.
• Mylab Discovery Solutions Pvt Ltd.
• Vishat Diagnostic Pvt. Ltd
• GenBody Inc.
• Hoffmann-La Roche AG
• Access Bio., Inc.
• ADS biotech Inc.
• PerkinElmer, Inc.
• Princeton BioMeditech Corporation
• Becton, Dickinson and Company
• Diasorin S.P.A
• Quidel Corporation
• Laboratory Corporation Of America

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.

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

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

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

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

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

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

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-contact-center-as-a-service-market

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

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

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-hydrogel-based-drug-delivery-system-market

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.