Warehouse Execution System Market to Expand at a CAGR of 14.2% Through 2028: Grand View Research Inc.

 Warehouse Execution System Market Growth & Trends

The global warehouse execution system market size is expected to reach USD 2.97 billion by 2028, registering a CAGR of 14.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The E-commerce market is growing at a rapid pace, increasing the number of operations in Distributions Centers (DCs). Increasing order volume and speed is facilitating the adoption of advanced software solutions in warehouses, which is escalating the demand for Warehouse Execution Systems (WES) in the market.

Warehouse execution system software offers several functionalities that include labor management and planning and inventory management. Companies that implement WES into their warehouses/distribution centers majorly utilize these two functions of WES. Moreover, the software also encompasses real-time analytics and reporting functions enabling users to visualize operational and labor data in real-time.

WES can be a perfect single solution for several warehouses; however, it may not be suitable for warehouses with larger and complex operations. In such cases, the replacement of the existing WMS solutions may not be a feasible option. Therefore, WES can be integrated within the existing WMS. The ability of WES solutions to be implemented with WMS or WCS software makes it a practical solution for large warehouses or DCs. Moreover, as companies are increasingly adopting various automation technologies to suffice the increasing operational activities, advanced software solutions such as WES are also gaining traction in the market.

Further, due to the stringent government regulations, it is becoming crucial that manufacturers and distributors focus on not supplying damaged products to the end-users. Damaged or contaminated products may result in product recall scenarios, thereby degrading the brand value. Such instances are reduced by the implementation of a warehouse execution system as it encompasses the traceability feature, which indicates the presence of damaged products in the inventory.

The increased burden on the warehouses due to the outbreak of the COVID-19 pandemic has motivated distributors and logistics providers to adopt various automation technologies. The advanced features of the WES software and the combined benefits of WMS and WCS offered by the software are resulting in the increased adoption of WES among the various industries, including healthcare, automotive, food & beverage, among others.

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Warehouse Execution System Market Report Highlights

• The market is majorly driven by the growing need to improve the efficiency of the warehouses and distribution centers
• The software segment accounted for the largest revenue share of more than 68% in 2020. This is primarily attributable to the cost and operational benefits such as enhanced productivity and improved visibility, among others, offered by the WES software
• The cloud-based deployment segment held the majority share in the market and is also projected to register the fastest CAGR over the forecast period. Cloud-based systems reduce the upfront cost of software implementation to a significant level which is contributing to the high revenue share and growth
• The third-party logistics(3PL) segment held the largest share in the market in 2020. The high growth of the e-commerce industry and the subsequent increasing complexity of the logistical operations are contributing to the segmental growth
• Some of the prominent players in the WES market include Honeywell International Inc.; SSI SCHAEFER; Manhattan Associates; Fortna Inc.; and Bastian Solutions, LLC

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Warehouse Execution System Market Segmentation

Grand View Research has segmented the global warehouse execution system market based on component, deployment, end-user, and region:

Warehouse Execution System Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service
  • Consulting
  • Installation & Integration
  • Training and Support & Maintenance

Warehouse Execution System Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• On-premises
• Cloud

Warehouse Execution System End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Consumer Electronics
• Healthcare
• Food & Beverages
• Automotive
• Third-Party Logistics (3PL)
• Others

Warehouse Execution System Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Warehouse Execution System Market

• Honeywell International Inc
• Fortna Inc.
• SSI SCHAEFER
• Manhattan Associates
• Bastian Solutions, LLC
• VARGO
• Matthews International Corporation
• Invata Intralogistics
• Softeon
• WESTFALIA TECHNOLOGIES, 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.

Medical Telepresence Robots Market Size Is Expected To Reach USD 159.5 Million by 2028

 Medical Telepresence Robots Market Growth & Trends 

The global medical telepresence robots market size is expected to reach USD 159.5 million by 2028, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 18.5% from 2021 to 2028. Some of the factors contributing to the market growth are the growing adoption of telepresence robots in the healthcare sector and product innovations catering to the increasing demand. Moreover, the rise in the elderly population with chronic illnesses requiring regular monitoring is expected to propel the demand for medical telepresence robots, especially for home use.

The market experienced a surge during the Covid-19 pandemic owing to the rise in the implementation of telepresence robots in hospitals in most of the countries. For instance, the Yatharth Hospital in Noida deployed Mitra robots to assist the healthcare providers in delivering quality care with telepresence technology. Moreover, the features facilitating efficient two-way communication and the ability to connect from any location to monitor the patients remotely are boosting the demand for medical telepresence robots.

The rise in the number of market players offering technologically advanced robots, the introduction of new features catering to the current demand, and the continuous focus on R&D are likely to boost the adoption of medical telepresence robots. Furthermore, the governments of most of the countries are taking initiatives to support artificial intelligence and robotics, further leading to attracting new entrants to enter the market.

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Medical Telepresence Robots Market Report Highlights

• Based on type, the mobile segment dominated the market in 2020 owing to the features such as autonomous navigation, adjustable height, head motion, and obstacle avoidance that enable smooth and efficient delivery of services and virtual monitoring
• On the basis of component, the camera segment dominated the market in 2020 due to the fact that its operations are essential for the working and functioning of the robot
• In terms of end use, hospitals and assisted living facilities held the largest share in 2020 owing to the increase in the adoption of robotics in the healthcare sector and the development of features specifically for healthcare such as ultrasound imaging machines and digital stethoscopes
• In 2020, North America dominated the market due to the higher adoption of artificial intelligenceand robotics in the healthcare sector, growing disposable income, and the increasing number of market players in the region
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to the higher adoption of robotics in the healthcare sector and the supportive government initiatives in medical robotics

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Medical Telepresence Robots Market Segmentation

Grand View Research has segmented the global medical telepresence robots market based on type, component, end use, and region:

Medical Telepresence Robots Type Outlook (Revenue, USD Million, 2016 - 2028)

• Stationary
• Mobile

Medical Telepresence Robots Component Outlook (Revenue, USD Million, 2016 - 2028)

• Camera
• Display
• Speaker
• Microphone
• Power Source
• Sensors & Control System

Medical Telepresence Robots End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals & Assisted Living Facilities
• Home Use

Medical Telepresence Robots Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Medical Telepresence Robots Market

• Amy Robotics
• Ava Robotics Inc.
• AXYN Robotics
• Blue Ocean Robotics
• Guangzhou Yingbo Intelligent Technology Co., Ltd.
• InTouch Health
• OhmniLabs, Inc.
• Rbot
• VGo Communications Inc.
• Xandex 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.

Global Market for Broadcast Scheduling Software to Reflect Steadfast Expansion During 2021-2028: Grand View Research Inc.

 Broadcast Scheduling Software Market Growth & Trends

The global broadcast scheduling software market size is estimated to reach over USD 4.06 billion by 2028, registering a CAGR of 18.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increase in implementation of cloud-based solutions and the growing complications in broadcast media scheduling are the factors expected to fuel the growth of the market over the forecast period.

The broadcasting industry has witnessed drastic changes in the past few years owing to technological disruptions in the media and entertainment industry. Additionally, the COVID-19 pandemic has also impacted the market in several ways, leading to broadcasters shifting from the on-premise approach to the cloud-based approach. Moreover, factors such as an increase in the adoption of smart devices and the rising popularity of multimedia streaming applications are enabling broadcasters to adopt broadcast management and scheduling solutions.

The growing media technology investment by the TV and radio broadcasters is also expected to fuel the market growth. These investments in broadcasting solutions are significantly resulting in increased R&D and applications of the software worldwide. Additionally, the rise in penetration of Over-The-Top (OTT) and Direct-To-Home (DTH) services is anticipated to create numerous growth opportunities for the market players. On the contrary, rapidly changing customer behavior is likely to hamper the growth of the market.

Broadcasting involves the accumulation, distribution, and storage of a wide range of video and audio media content through communication networks. Broadcast scheduling software helps broadcasters in automating their workflows, along with reducing complexities across entire management teams.

The digital platforms segment is expected to emerge as the second-largest segment in the market for broadcast scheduling software and is expected to register the highest growth rate over the forecast period. The growth of this segment can be attributed to the growing demand for national as well as global content from all age groups. The COVID-19 pandemic and the subsequent lockdowns imposed have resulted in higher adoption of on-demand content worldwide.

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Broadcast Scheduling Software Market Report Highlights

• The broadcasters and content creators are continuously investing in technological research and development for introducing innovations in the broadcast industry owing to the growing demand for a better and uninterrupted experience from most customers
• The service segment is likely to register the highest CAGR over the forecast period owing to an increase in demand for broadcast management and automation solutions from radio and TV broadcasters. The growing demand for integration and hosting services is also expected to fuel the growth of this segment
• Asia Pacific is expected to witness the highest growth over the forecast period, in terms of the adoption of broadcast scheduling software, primarily due to factors such as a large customer base for linear TV and radio across countries such as Japan, China, India, and other neighboring countries and the growing demand for OTT services

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Broadcast Scheduling Software Market Segmentation

Grand View Research has segmented the global broadcast scheduling software market based on solution, deployment, application, and region:

Broadcast Scheduling Software Solution Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services
  • Managed Services
  • Professional Services

Broadcast Scheduling Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Cloud
• Hybrid

Broadcast Scheduling Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• TV
• Radio
• Digital Platforms

Broadcast Scheduling Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Broadcast Scheduling Software Market

• Advanced Broadcast Services Limited
• AMC Networks Inc.
• AxelTech
• BroadView Software
• Chetu Inc.
• Chyro
• Imagine Communications
• MediaGenix
• Marketron Broadcast Solutions
• Schedule it Ltd.
• WideOrbit

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.

Membrane Oxygenators Market Trends, Growth Prospects To 2028: Grand View Research Inc.

 Membrane Oxygenators Market Growth & Trends

The global membrane oxygenators market size is expected to reach USD 141.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.5% from 2021 to 2028. Key factors expected to boost the market include the growing prevalence of respiratory failures and cardiopulmonary diseases. Furthermore, there has been a rise in the number of patients suffering from COVID-19 and chronic obstructive pulmonary disease, which can require membrane oxygenators for treatment, enhancing their adoption. Technological advancements in medical devices are expected to further propel their demand in hospitals.

Leading market participants operating in this industry are focusing on developing technologically advanced membrane oxygenators. For instance, in January 2019, Terumo Medical Corporation launched the smallest, lowest prime volume, full-size adult oxygenator-Capiox NX19-with Ultraprime technology. Significant features of this device are it minimizes inflammatory response and provides higher efficiency microemboli removal. Portable adaptors and compact membrane oxygenators in ECMO circuits have also been developed, which help in the transportation of critically ill patients. The recent developments in medical devices are estimated to drive market growth.

Cardiovascular diseases are among the leading causes of death across the globe. As per the WHO, in 2016, around 17.9 million CVD-related deaths were reported globally. A membrane oxygenator is used to treat patients with cardiac and respiratory diseases. ECMO machine removes carbon dioxide and delivers oxygen in patients when the lungs and heart fail to carry out the process of blood oxygenation. Hence, the rising occurrence of cardiac and respiratory disorders is anticipated to create robust growth opportunities.

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Membrane Oxygenators Market Report Highlights

• North America accounted for the largest revenue share in 2020 owing to the growing innovation in healthcare technologies, reducing healthcare expenditure, and increasing demand for membrane oxygenator devices in hospitals
• By type, the hollow fiber membrane oxygenator segment accounted for the largest revenue share in 2020, as they offer support after cardiac shock as a fast response system
• By application, the cardiac segment is expected to grow at an exponential rate over the forecast period, due to the increasing incidence of cardiac conditions such as cardiac arrest and myocardial infarction
• The neonates segment held a significant market share in 2020, due to increasing incidence of acute respiratory distress syndrome, congenital diaphragmatic hernia, air leak syndrome, respiratory failure, persistent pulmonary hypertension, and pneumonia
• The key companies focus on new product launches, strategic acquisitions, and mergers to attain a larger market share

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Membrane Oxygenators Market Segmentation

Grand View Research has segmented the global membrane oxygenators market based on type, application, age group, and region:

Membrane Oxygenator Type Outlook (Revenue, USD Million, 2016 - 2028)

• Hollow Fiber
• Flat Sheet

Membrane Oxygenator Application Outlook (Revenue, USD Million, 2016 - 2028)

• Respiratory
  • Respiratory failure
  • Pulmonary embolism
  • Acute respiratory distress syndrome
  • Pneumonia
  • COVID-19
• Cardiac
  • Acute myocardial infarction
  • Myocarditis
  • Post-transplant complications
  • Decompensated cardiomyopathy
  • Cardiogenic shock
• ECPR

Membrane Oxygenator Age Group Outlook (Revenue, USD Million, 2016 - 2028)

• Neonates
• Pediatrics
• Adults

Membrane Oxygenator Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Membrane Oxygenators Market

• Medtronic
• Fresenius SE & Co KGaA
• Getinge AB
• Terumo Medical Corporation
• MicroPort Scientific Corporation
• Nipro Medical Corporation

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.

Retail Logistics Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 Retail Logistics Market Growth & Trends

The global retail logistics market size is anticipated to reach USD 498.34 billion by 2028, registering a CAGR of 11.8% over the forecast period, according to a new report by Grand View Research, Inc. The new last-mile delivery mechanisms in the retail e-commerce market coupled with the emergence of the Internet of Things (IoT) in the supply chain are expected to drive market growth. An IoT-based supply chain connects several technical devices via sensors installed on these devices and enables procuring the real-time information of numerous critical parameters such as filing rate and temperature.

Technological advancements supported by intelligent distribution robots and automatic goods and sorting systems provide customers with a new smart logistics era. In the new retail format, since most of the links have been digitalized and online in real-time, coupled with the application of new technologies such as big data and AI, helps companies to grasp the real needs of consumers faster and more accurately. It is also used to guide supply optimization and upgrading of chains.

Furthermore, for upgrading existing retail formats, companies, along with managing the traditional distribution channel systems, need to manage emerging businesses such as B2B wholesale distribution, B2C e-commerce, self-service vending machines, and O2O. Besides, the rising globalization and increase in international retailing through improvement in the economy as the export and import of goods lead to increased tax revenue is expected to boost the retail logistics industry growth in the forthcoming years.

The rapid growth of retail e-commerce has brought several opportunities to both emerging and established players in the market. However, retail e-commerce has also witnessed few operational and financial challenges in the recent past. At present, return shipments comprise a considerable part of logistics processes, which come with operational challenges and the ability to drive logistics costs. Moreover, substandard infrastructure can hamper market growth, as players in the market hesitate about expansion and investments.

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Retail Logistics Market Report Highlights

• The market is anticipated to witness substantial growth during the forecast period, owing to the increasing internet penetration and rise in global trade activities
• The conventional retail logistics segment accounted for the largest market share in 2020, owing to the rising adoption of conventional retail logistics services by consumers having limited dependence on the Internet and therefore prefer buying from conventional retail stores
• The supply chain solution segment accounted for the largest market share in 2020, owing to the rising use of cloud-based supply chain solutions helping in tracking & optimizing transportation and managing returns
• The roadways mode of transport accounted for the largest market share in 2020, owing to the growing demand for roadways vehicles in long distances transportation of retails products, especially in domestics regions
• Asia Pacific dominated the market in terms of revenue in 2020 and is expected to register significant growth over the forecast period. The growth is attributed to the presence of a large consumer base for retail products in the region
• Partnerships, collaborations, and business expansions remain the major strategies adopted by the leading market players

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Retail Logistics Market Segmentation

Grand View Research has segmented the global retail logistics market based on type, solution, mode of transport, and region:

Retail Logistics Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Conventional Retail Logistics
• E-Commerce Retail Logistics

Retail Logistics Solution Outlook (Revenue, USD Billion, 2016 - 2028)

• Commerce Enablement
• Supply Chain Solutions
• Reverse Logistics &Liquidation
• Transportation Management
• Others

Retail Logistics Mode of Transport Outlook (Revenue, USD Billion, 2016 - 2028)

• Railways
• Airways
• Roadways
• Waterways

Retail Logistics Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of the Retail Logistics Market

• XPO Logistics, Inc.
• DSV
• Kuehne + Nagel International
• H. Robinson Worldwide, Inc.
• Nippon Express
• FedEx
• Schneider
• United Parcel Service
• APL Logistics Ltd
• DHL International GmbH
• P. Moller – Maersk

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.

Fitness Tracker Market Revenue Sales to Reach USD 138.7 Billion by 2028: Grand View Research Inc.

 Fitness Tracker Market Growth & Trends

The global fitness tracker market size is expected to reach USD 138.7 billion by 2028, registering a CAGR of 18.9% over the forecast period, according to a new report by Grand View Research, Inc. Some of the factors contributing to the market growth are the rising awareness regarding health & fitness, growing adoption of smartphones, availability of the internet, and increasing consumer disposable incomes. Moreover, the rise in cases of sedentary lifestyle-related health problems and the growing prevalence of Cardiovascular Diseases (CVDs) and obesity are likely to boost the product demand. For instance, in 2017, about 13% of the world’s adult population was obese and around 39% was overweight. The growing awareness regarding health, fitness, and wellness, specifically in the younger population with higher disposable incomes, will drive the market.

Furthermore, the Covid-19 pandemic has led to an increase in awareness regarding fitness & health resulting in a rise in the adoption of fitness trackers. In addition, the market players introduced some Covid-19-specific tracking indications to capture the growing market demand and the changing consumer requirement. For instance, Fitbit Inc. launched Sense with a SpO2 levels monitor, ECG monitor, and stress management features to meet the growing demand. Wide distribution networks and retail tie-ups of the market players enable the availability of the latest products worldwide. In addition, the growing e-commerce sector and adoption of online channels further propel the growth of the market.

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Fitness Tracker Market Report Highlights

• The smartwatch segment dominated the market in 2020 as a result of high demand for these devices owing to their features and functions, such as health tracking and communication
• On the other hand, the fitness band segment is expected to register the fastest CAGR over the forecast period due to the comparatively low cost of these devices and the availability of advanced products with features, such as stress and sleep monitoring
• In 2020, the online distribution channel segment held the highest market share owing to the easier availability and accessibility
• North America dominated the market in 2020 accounting for the maximum revenue share owing to constant product innovation by key manufacturers, wide usage of smartphones and the internet, and higher disposable income levels
• Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the rising product adoption, growing awareness regarding fitness & health, rising consumer disposable income, and growing penetration of e-commerce platforms

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Fitness Tracker Market Segmentation

Grand View Research has segmented the global fitness tracker market based on type, application, distribution channel, and region:

Fitness Tracker Type Outlook (Revenue, USD Million, 2016 - 2028)

• Smart Watches
• Fitness Bands
• Smart Clothing
• Others

Fitness Tracker Application Outlook (Revenue, USD Million, 2016 - 2028)

• Heart Rate Tracking
• Sleep Monitoring
• Glucose Monitoring
• Sports
• Running
• Cycling Tracking
• Others

Fitness Tracker Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

Fitness Tracker Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Fitness Tracker Market

• Apple, Inc.
• Fitbit, Inc.
• Garmin Ltd.
• Beienda
• Ambiotex GmbH
• Hexoskin
• Huawei Technologies
• Nurvv
• Oura Health Ltd.
• Withings

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.

Industrial Computed Tomography Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Industrial Computed Tomography Market Growth & Trends

The global industrial computed tomography market size is expected to reach USD 765.8 million by 2028, registering a CAGR of 7.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increasing use of CT scanners in industries, such as automotive, electronics, oil & gas, and aerospace among several others, is anticipated to boost the market growth over the forecast period. Moreover, a rise in the demand for advanced electronics is expected to support market growth.

Industrial computed tomography systems are increasingly being used for inspecting and testing the internal and external structure & design of various complex parts and components without destructing/disassembling the product. Additive manufacturing technology is increasingly being used for the production of multiple complex parts and structures. Therefore, to inspect the product’s conformity with the original CAD designs, industrial CT scanners are used to determine the structure, dimensions, design, and tolerance of these products without altering their structure/form.

The benefits offered by industrial CT scanners, including manufacturing cost reduction, improved product design, and performance, as well as reduced product failure instances, are also expected to boost their adoption amongst the manufacturers. Moreover, these scanners provide high-quality inspection images that ease the inspection process and provide detailed information about the product under examination. Furthermore, assembly analysis is increasingly being done using the industrial computed tomography systems in the automotive industry that does not require the assembled systems to be disassembled for inspection. These benefits are expected to drive market growth over the forecast period.

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Industrial Computed Tomography Market Report Highlights

• The market is majorly driven by the growing need to improve the overall product quality and reduce product recall instances
• The service segment is anticipated to register the fastest CAGR from 2021 to 2028 due to the high cost of CT scanner equipment
• The flaw detection & inspection segment held the largest share in 2020 and is also anticipated to register the fastest CAGR from 2021 to 2028
• The electronics vertical segment is expected to record the fastest CAGR of over 8.5% during the forecast period
• This growth is credited to the growing demand for various electronic devices, such as smartphones, tablets, and laptops
• North America was the largest regional market in 2020 due to the high manufacturing activities in the region across various industries, such as automotive, electronics, and oil & gas

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Industrial Computed Tomography Market Segmentation

Grand View Research has segmented the global industrial computed tomography market on the basis of offering, application, vertical, and region:

Industrial CT Offering Outlook (Revenue, USD Million, 2017 - 2028)

• Equipment
  • Line Beam Scanners
  • Cone Beam Scanners
• Services

Industrial CT Application Outlook (Revenue, USD Million, 2017 - 2028)

• Flaw Detection & Inspection
• Failure Analysis
• Assembly Analysis
• Dimensioning & Tolerancing Analysis
• Others

Industrial CT Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Oil & Gas
• Aerospace and Defense
• Automotive
• Electronics
• Others

Industrial CT Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Industrial Computed Tomography Market

• Nikon Metrology NV
• OMRON Corp.
• Baker Hughes Company
• YXLON International
• ZEISS Group
• VJ Group
• Rigaku Corp.
• Shimadzu Corp.
• Werth, Inc.
• North Star Imaging, 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.

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

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

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.