Thermal Interface Materials Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Thermal Interface Materials Market Growth & Trends

The global thermal interface materials market is projected to reach USD 4.86 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.4% during the forecast period, according to a new report by Grand View Research, Inc. The increasing use of electrical equipment and electronic gadgets is expected to boost the market for thermal interface materials during the forecast period.

The rising demand for high-grade specifications in electronic devices due to the increased need in terms of consumer electronics and technology innovation is expected to support the growth of thermal interface materials. Moreover, the growing demand for the latest technological gadgets and specialty electronics for high-end operations is expected to augment the market in the projected time.

Commercial availability and enhanced performance characteristics of the products to reduce the heat transfer are likely to support the demand. Thermal interface materials conduct more heat than air, which it displaces as a substance to fill the imperfection between the physical contact of solid surfaces. These materials can also extract waste heat generated when a semiconductor electronic device is used to its maximum potential. Increased use of electronic devices in various areas such as consumer goods, and automobiles and the use of smart devices in the household, commercial, and industrial operations are expected to augment the growth of thermal interface materials during the forecast period.

The COVID-19 pandemic impacted the increased use of smart devices and electrical appliances by consumers. As a result, production and demand for thermal interface materials have increased. During the pandemic, however, supply chain disruption caused by governmental restrictions had a minor negative impact on the market.

The market is highly competitive for a variety of reasons, including the high level of innovation in terms of product innovation and performance, the remarkable impact of e-commerce on the shopping experience, and product substitutes.

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Thermal Interface Materials Market Report Highlights

• The computer application segment registered the highest market share of 24.5% in utilizing the product, followed by the telecom sector owing to rising reliance on computers and laptops globally for personal and professional use
• The market for greases and adhesives products in 2021 accounted for USD 631.6 million in revenue and is expected to expand at a CAGR of 11% during the forecast period owing to their suitable lubrication properties like viscosity, thermal stability, and oxidation resistance
• Asia Pacific was the largest regional segment accounting for 38.1% of the total market share in terms of revenue in 2021 due to the prominence of expansion in the medical and pharmaceutical industry in the emerging economies
• Tapes & films accounted for a revenue of USD 265.5 million in 2021 on account of high demand for the electronic and electrical equipment due to requirements related to heat dissipation

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Thermal Interface Materials Market Segmentation

Grand View Research has segmented the Thermal Interface Materials market based on product, application, and region:

Thermal Interface Materials Market Product Outlook (Revenue, USD Million; 2017 - 2030)

• Tapes and films
• Elastomeric Pads
• Greases and Adhesives
• Phase change materials
• Metal-Based
• Others

Thermal Interface Materials Market Application Outlook (Revenue, USD Million; 2017 - 2030)

• Telecom
• Computer
• Medical devices
• Industrial machinery
• Consumer Durables
• Automotive Electronics
• Others

Thermal Interface Materials Market Regional Outlook (Revenue, USD Million; 2017 - 2030)

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

List of Key Players of Thermal Interface Materials Market

• 3M Company
• Dow Corning Company
• Honeywell International Inc.
• Parker Chomerics
• Henker AG & Co., KGaA
• Indium Corporation
• Momentive Performance Materials Inc
• Laird Technologies Inc.
• Fuji Polymer Industries Co. Ltd
• Zalman Tech 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.

U.S. Skilled Nursing Facility Market Competitive Insight and Key Drivers 2022 to 2030: Grand View Research Inc.

 U.S. Skilled Nursing Facility Market Growth & Trends

The U.S. skilled nursing facility market size is expected to reach USD 232.5 billion by 2030, according to a new report by Grand View Research, Inc., registering a 3.32% CAGR over the forecast period.The growing aging population with increasing care needs and rising prevalence of chronic diseases in the country will propel the need for skilled nursing facilities(SNFs). In addition, lower costs of SNF as compared to hospitals will drive the market growth. SNFs cover numerous aspects such as therapy, mental health services, special dietary needs, hygiene items, recreational activities, and housekeeping.

The coronavirus pandemic has adversely affected the entire market for skilled nursing facilities. These medical facilities were major infection hotspots that limited operations in skilled nursing facilities. In addition, the elderly population was considered the most vulnerable group to infectious diseases and restricted their use of these services. However, the adoption of digital and wireless technology and video conferencing during a pandemic has supported the growth of the market.

Residents of skilled care facilities may be at increased risk of becoming infected with COVID-19. According to the CDC, during the first few months of the pandemic, about 2.1 million people live in long-term care facilities or nursing homes, accounting for less than 1% of the US population. These facilities were not allowed to accept new residents, had no new source of income for the additional costs associated with the virus, and adversely affected the service department of skilled care facilities.

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U.S. Skilled Nursing Facility Market Report Highlights

• The freestanding segment dominated the market in 2021 due to its lower cost compared to hospital-based facilities. The segment is expected to remain dominant and is expected to record a significant growth rate
• Skilled nursing facilities will be compensated by Medicare Apartments A and B. This makes it more sustainable and a factor in market growth
• Based on ownership, for-profit facilities dominated the market in 2021 due to increased acquisition and delivery of high-quality care while ensuring financial viability
• During the pandemic, the long-term care centers received billions of dollars from the government, according to the Center for Medicare Advocacy report released in March 2021
• Approximately 10,293 long-term care facilities received a total of approximately $ 5.7 billion in loans under the Paycheck Protection Program, as of March 2021. The program was created as part of the CARES Act and extended by the Consolidated Appropriations Act of 2021, to provide financial support for businesses to retain employees during a pandemic
• In June 2021, Amedisys announced the acquisition of Contessa Health, a leading hospital and skilled care facility company. Through this acquisition, the company wants to expand its home care capabilities by adding more advanced acute care home hospitals and skilled home care facilities with advanced analytics platforms and expanding network management

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U.S. Skilled Nursing Facility Market Segmentation

Grand View Research has segmented the U.S. skilled nursing facility market based on the type of facility, and ownership:

U.S. Skilled Nursing Facility Type of Facility Outlook (Revenue, USD Billion, 2017 - 2030)

• Freestanding
• Hospitals

U.S. Skilled Nursing Facility Ownership Outlook (Revenue, USD Billion, 2017 - 2030)

• For-Profit
• Non- Profit
• Government 

List of Key Players of the U.S. Skilled Nursing Facility Market

• Genesis Healthcare
• Brookdale Senior Living Solutions
• The Ensign Group, Inc
• Extendicare
• Amedisys
• Sunrise Senior Living, LLC
• Life Care Services
• Golden Living Centres
• LifeCare Centres of America Corporate
• Peninsula behavioral health
• Lincare, Inc
• Sava Senior Care Administrative Services LLC

About Grand View Research

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

Oil Storage Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Oil Storage Market Growth & Trends

The global oil storage market volume is expected to reach 2,292 MCM by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.98% from 2022 to 2030. A rise in oil & gas production along with the growing demand for crude oil in several end-use markets is likely to drive the market growth over the forecast period. A fixed roof oil storage tank is the most commonly used tank in North America for storage purposes of petroleum products and crude oil. These tanks are easy to construct and an economical option in comparison to the other tank designs. The floating roof tank is likely to witness the fastest growth rate over the forecast period due to fabrication developments and can be used in combination with the fixed roof oil storage tanks. Strategic Petroleum Reserve (SPR) is an emergency storage reserve.

To ensure energy security coupled with the increasing population and demand for petroleum products, several countries are actively involved in developing strategic petroleum reserves. Oil production has witnessed significant growth along with the rising downstream potential. This has urged the government and the oil companies to upgrade their inventories and infrastructure to store large quantities of crude oil and other petroleum products, which are anticipated to increase the SPR facilities. North America is a major oil-producing and consuming region in the world, with the U.S. accounting for a significant share. Oil storage in Canada and the U.S. has evolved rapidly to accommodate the increased output of crude oil and related products.

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Oil Storage Market Report Highlights

• In terms of volume, the crude oil segment of oil storage accounted for a prominent share in the market in 2021 and is further expected to witness steady growth over the forecast period
• Asia Pacific accounted for the maximum revenue share in 2021 on account of high demand for petroleum and distillates in the commercial and industrial sectors
• The oil industry in North America is significantly formed by the geopolitical implications of its countries and the world. The U.S. is a major contributing nation to the oil economy of this region. Interconnections of the U.S. with the world are a key strategy for its energy security
• Major industry participants are practicing several organic and inorganic strategic growth initiatives to expand their service portfolio and enhance their foothold in the market

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Oil Storage Market Segmentation

Grand View Research has segmented the global oil storage market based on application, product, and region:

Oil Storage Application Outlook (Volume, MCM, 2019 - 2030)

• Crude Oil
• Middle Distillates
• Gasoline
• Aviation Fuel
• Others

Oil Storage Product Outlook (Volume, MCM, 2019 - 2030)

• Open Top
• Fixed Roof
• Floating Roof
• Others

Oil Storage Regional Outlook (Volume, MCM, 2019 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • Netherlands
  • Belgium
• Asia Pacific
  • China
  • Australia
  • Indonesia
  • Malaysia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE

List of Key Players of Oil Storage Market

• VTTI
• Royal Vopak
• Oiltanking GmbH
• Buckeye Partners, LP
• Containment Solutions, Inc.
• Shawcor
• Belco
• CST Industries
• Superior Tank Co., Inc.
• DELTA OIL TANKING BV

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.

Workwear Market Size Is Predicted To Reach A Valuation Of USD 27.36 Billion By 2030: Grand View Research Inc.

 Workwear Market Growth & Trends

The global workwear market size is expected to reach USD 27.36 billion by 2030, registering a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. The rising safety concerns in industries coupled with the rising incidences of work-related deaths have been creating a high demand for workwear around the world. Over the past few years, numerous companies in the market have been offering workwear with advanced fabric technology and enhanced features, such as lightweight and versatility, which can be used for different work environments. For instance, Scruffs, a U.K.-based apparel supplier, provides softshell jackets made with 100% polyester. This product is waterproof, fully wind-resistant, and enables high mobility.

Mascot International Ltd., another U.K.-based workwear manufacturer, offers safety shoes and boots that are lightweight and have shock-absorbing soles. It has been observed that leading companies are incorporating advanced technologies, such as the Internet of Things (loT), in workwear to offer features like asset tracking systems. For instance, a microcontroller chip fitted inside a loT-incorporated wearable can help collect real-time data about the posture, toxic gas exposure, motion, breathing, and heart rate of the workers, and this information is accessible and visible to the person in charge. This technology enables organizations to ensure workers’ safety by effectively supervising their health conditions. Eniday, an Italy-based company, manufactures workwear with IoT features.

The apparel product segment dominated the global market in 2021 and accounted for the largest share of the global revenue. Growing participation and the inclination of people toward job opportunities are among the major factors driving the growth of the market. Moreover, the easy availability of durable, comfortable as well as customized products is expected to boost the demand for apparel in the coming years. The protective apparel sub-segment is poised to witness exponential growth, particularly generating huge demand from the medical & healthcare industry. Workwear for biological application holds immense potential and has offered lucrative growth opportunities on account of the COVID-19 pandemic giving further push to the segment.

In the biological industry, workwear is used in microbiological laboratories, sewage work, waste treatment, biotechnological production, etc. Thus, the segment is projected to grow at the fastest CAGR during the forecast period. The market is highly fragmented with a major share occupied by a few firms like 3M, Carhartt Inc., Honeywell International Inc., and Kimberly Clark Corp. Key players operating in the market are implementing strategic initiatives, such as product launch, acquisition, and venturing to strengthen their market positions. These strategies also help in increasing their geographical reach, cutting down competition, and gaining additional share in the market. For strategic and financial buyers alike, the most attractive M&A targets will have strong leadership including a deep bench of rising, future leaders.

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Workwear Market Report Highlights

• The footwear segment is anticipated to grow at the fastest rate over the forecast period. Increasing cases of accidents at workplaces have been boosting the demand for protective shoes across various industries
• The improving women to men ratio in the global workforce market, coupled with the increasing participation of women in the corporate sector, is expected to drive the demand for women's workwear
• In addition, a rising number of women pursuing higher education worldwide is expected to increase their involvement in the labor force. This, in turn, is likely to positively impact the market for women’s workwear
• Asia Pacific is set out to surpass the regional market growth in the years to come. The growing job opportunities in this region are expected to spur the demand for workwear clothing
• In addition, the massive growth of the e-commerce industry in this region has increased the availability of a variety of workwear products, thereby supporting market growth

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Workwear Market Segmentation

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

Workwear Product (Revenue, USD Million, 2017 - 2030)

• Apparel
  • General Workwear
  • Protective Workwear
• Footwear
  • General Footwear
  • Protective Footwear

Workwear Demography (Revenue, USD Million, 2017 - 2030)

• Men
• Women

Workwear Application Outlook (Revenue, USD Million, 2017 - 2030)

• Chemical
• Power
• Food & Beverage
• Biological
• Others

Workwear Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Workwear Market

• Carhartt, Inc.
• Aramark
• Alisco Group
• Alexandra
• Lafont SAS
• Aditya Birla Group
• 3M
• Ansell ltd
• Honeywell International
• Kimberly-Clark 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.

U.S. Disposable Face Mask Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 U.S. Disposable Face Mask Market Growth & Trends

The U.S. disposable face mask market size is expected to reach USD 607.8 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of -25.2% from 2022 to 2030. The unprecedented spread of coronavirus in the U.S. is driving the demand for disposable face masks. The demand for disposable face masks is likely to be driven by the rising popularity of online shopping platforms including Amazon.com, Inc. and eBay Inc. Furthermore, the popularity of online sales has been creating a healthy demand for designer face masks, most notably among affluent consumers worldwide. Such trends are expected to sustain throughout the forecast period.

The COVID-19 pandemic has been creating a strong demand for disposable face masks worldwide. With the global demand for the product rapidly outstripping supply, numerous market participants have been increasing production to cater to the expanding universal need for disposable face masks. For instance, 3M, a U.S.-based multinational conglomerate corporation specializing in the fields of health care, consumer goods, and worker safety, doubled its production of N95 masks globally during February and March 2020.

The personal application segment held the largest revenue share in 2021. The global rise in the incidence of airborne diseases and pollution levels has been encouraging a sizable number of consumers to opt for personal disposable face masks. With consumers looking to protect themselves against several viruses- and bacteria-related illnesses, prominent manufacturers are focusing on increasing their scale of operation with regard to the manufacturing of disposable face masks for personal use.

The offline distribution channel segment dominated the U.S. market in 2021. Consumer outlets that sell selective items of a single brand are considered specialty retail stores. Specialty retailers primarily focus on high customer satisfaction. Most pharmacies, drug stores, and hospitals sell disposable face masks at a cheap price. Moreover, purchasing products offline gives a better understanding of the quality and design of the product. Physical verification of the products is only possible through offline channels and this acts as a crucial deciding factor for consumers.

Major players in the U.S. market include a combination of a few established players and many small players. Players in this market face intense competition from each other as some of them are among the top manufacturers and have a large customer base for their products in both regional and international markets.

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U.S. Disposable Face Mask Market Report Highlights

• The rest of the U.S. held the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. New product launches have been contributing immensely to the wide penetration of the market in other parts of the country
• The dust masks product segment is projected to register a CAGR of -22.8% during the forecast period owing to its ability to prevent inhalation of dust, paint mist, and other larger particles
• The industrial application segment is predicted to expand at a CAGR of -21.5% during the forecast period. Rising awareness among the industrialists regarding the significance of using masks to protect laborers from particles is driving the segment

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U.S. Disposable Face Mask Market Segmentation

Grand View Research has segmented the U.S. disposable face mask market report based on product, application, distribution channel, and state:

U.S. Disposable Face Mask Product Outlook (Revenue, USD Million, 2017 - 2030)

• Protective Masks
• Dust Masks
• Non-woven Masks

U.S. Disposable Face Mask Application Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial
• Personal

U.S. Disposable Face Mask Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

U.S. Disposable Face Mask State Outlook (Revenue, USD Million, 2017 - 2030)

• California
• Texas
• New York
• Florida
• Illinois
• Pennsylvania
• Rest of U.S.

List of Key Players in the U.S. Disposable Face Mask Market

• 3M
• Honeywell International Inc.
• Moldex-Metric, Inc.
• KCWW
• uvex group
• Kowa Company Ltd.
• SAS Safety Corp.
• DACH Schutzbekleidung GmbH & Co. KG
• The Gerson Companies
• JIANGSU TEYIN IMP. & EXP. 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.

Cash Logistics Market Is Expected To Accomplish A Valuation Of Around USD 46.36 Billion By 2030: Grand View Research Inc.

 Cash Logistics Market Growth & Trends

The global cash logistics market size is anticipated to reach USD 46.36 billion by 2030, registering a CAGR of 8.2% from 2022 to 2030, according to a new report by Grand View Research Inc. The growing demand for efficient cash management solutions such as intelligent vaults and fully automated cash-in-transit vehicles to enhance operational functionality and flexibility are the major factors driving the growth of the market.

In addition, the growing need for security in currency handling activities is expected to gain high momentum over the forecast period. The rising integration of Artificial Intelligence (AI) into cash management solutions to prevent fraud is also expected to contribute to the growth of the market. Several biometric solution providers are focusing on developing new features and functions, such as secure software for efficient cash management solutions and automatic cash handling services for better security.

Companies such as Brink's Incorporated, CMS Info Systems Ltd., and Prosegur Cash SA have developed AI-based solutions to enhance the customer experience as per the changing needs of customers. Cash management solution providers are acquiring ATM service-providing companies to expand their reach. For instance, in April 2021, Brink's Company, a cash management solution company, announced the acquisition of PAI, Inc., a U.S.-based privately-owned ATM services provider, for USD 213 million to expand its reach in the U.S.

Advanced technologies complement the benefits of cash-in-transit vehicles. Several vehicle manufacturers are developing electric armored money transporter for the safety of employees. For instance, in August 2020, MAN, a commercial vehicle provider, introduced a MAN eTGE electric van, an electrically armored money transporter, to Prosegur, an international security service provider. The COVID-19 pandemic has adversely impacted the growth of the cash logistics industry owing to the supply chain disruptions.

However, cash logistics companies are recovering and are focusing on integrating advanced functionalities and features into their products to attract customers and expand their client base. Additionally, technological advancements have led to the development of contactless ATMs, which are marketed as a risk-free way of withdrawing cash amid the COVID-19 Pandemic. Such technological advancements are expected to boost the adoption of ATMs, which, in turn, is anticipated to propel market growth over the forecast period.

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Cash Logistics Market Report Highlights

• Cash-in-transit held the largest share in the service segment owing to the pursuance of standard protocols for safe transportation coupled with a rising trend of outsourcing banking activities
• The cash management services segment is expected to emerge as the fastest growing service segment owing to the rise in demand for handling cash within the retail segment
• The financial institutions segment is expected to continue its dominance over the forecast period owing to the growing adoption of cash logistics solutions among financial institutions on account of benefits such as customization of solutions, improved transparency, and optimal currency flow, among others
• Various factors, such as increasing purchasing power coupled with the accelerated growth in the installation of ATMs in emerging countries such as China and India, are significantly contributing to the Asia Pacific regional market growth

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Cash Logistics Market Segmentation

Grand View Research has segmented the global cash logistics market based on services, end use, and region.

Cash Logistics Service Outlook (Revenue, USD Billion, 2017 - 2030)

• ATM Services
• Cash-in-transit
• Cash management
• Others

Cash Logistics End Use Outlook (Revenue, USD Billion, 2017 - 2030)

• Financial Institutions
• Government Agencies
• Retail
• Others

Cash Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Cash Logistics Market

• Brink's Incorporated
• Cash Logistik Security AG
• CMS Info Systems Ltd.
• G4S Limited
• GardaWorld
• Global Security Logistic Co.
• Security and Intelligence Services Ltd.
• Loomis AB
• Prosegur
• Cash in Transit Solutions Pty 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.

Manual Resuscitators Market to Partake Significant Development During 2022 to 2030: Grand View Research Inc.

 Manual Resuscitators Market Growth & Trends

The global manual resuscitators market size is expected to reach USD 799.3 million by 2030, expanding at a CAGR of 5.67% during the forecast period, according to a new report by Grand View Research, Inc. The demand for manual resuscitators/ Bag Valve Mask (BVM) is expected to grow owing to the rising cases of COPD and the increasing need for neonatal ventilation.

Moreover, the increasing obese population is likely to increase the risk of cardiac arrest cases, in turn driving the demand for artificial ventilation. According to National Health and Nutrition Examination Survey (NHANES) data of 2017-2018, 2 in 5 adults suffer from obesity, which accounts for almost 44% of the U.S. population. According to World Health Organization (WHO), in 2020, around 39 million children suffered from obesity under the age of 5.

The rising mortality due to non-communicable diseases, such as coronary heart disease has created a pressing need to increase awareness about the measures to be taken to help a patient. Countries such as Germany, the U.K., and France are undertaking initiatives to create awareness amongst people about CPR and heart problems. According to the World Health Organization (WHO), approximately 41 million people die every year due to non-communicable diseases. Cardiovascular disease accounts for around 17.9 million deaths every year. This is projected to bode well with the market. 

To address the growing death rate from cardiac arrest, organizations such as the American Heart Association, Red Cross, and Resuscitation Council (U.K., Australia, and Europe), also assist the countries to increase the survival rates of sudden cardiac arrest. These activities include providing training to perform artificial ventilation, providing resuscitation kits, and encouraging bystanders to help patients in emergency cases.

Moreover, the COVID-19 pandemic has positively impacted the market owing to the huge requirement of oxygen and owing to the lack of supply of ventilators. Manual resuscitators were in huge demand as a portable replacement for the ventilators.  For instance, the demand for Ambu’s resuscitators and single-use scopes was greater during the pandemic. Ambu’s witnessed 21% organic revenue growth in the Q3 of 2020.

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Manual Resuscitators Market Report Highlights

• Based on type, the self-inflating segment accounted for the maximum market share in 2021 as they have greater usability in emergency situations, where bystander cardiopulmonary resuscitation is necessary. Companies are striving to launch newer integrated products, which can help in overcoming the delayed ventilation issues.
• The flow-inflating segment also referred to as anesthesia bags is expected to witness a rapid rise in demand since they are majorly used in ICUs, where 100% oxygen delivery is of utmost importance. The increasing birth rate and increasing efforts by global organizations such as UNICEFs to curb neonatal deaths at the time of birth in low-resource nations are further expected to propel the segment growth in the coming years.
• In terms of end-use, the hospital segment dominated the market in 2021 due to the requirement for artificial ventilation in the delivery and neonatal ward. With the increasing admission of cardiac arrest patients, the need for resuscitators is expected to further increase.
• There has been a global increase in the number of out-of-hospital cardiac arrests globally. Each year about 326,000 cases of cardiac arrest occur outside the hospital setting which accounts for the major cause of death in the U.S. and around 200,000 cardiac arrests occur in hospitals. This is contributing to the expansion of the out-of-hospital segment.
• North America dominated the market in 2021. The introduction of state-of-the-art resuscitation products and training kits to reduce the chances of delayed ventilation are the major drivers of the market.
• Asia Pacific is expected to witness significant growth during the forecast period attributed to the rising incidence rate of heart diseases and the huge untapped market. The advancement in neonatal intensive care in low and middle-income countries, such as Pakistan, Bangladesh, and India is less. Each year, out of 3.0 million neonatal deaths globally, around 1 million occur in South-East Asia. This unmet patient population need is anticipated to render substantial growth to the market in the region.

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Manual Resuscitators Market Segmentation

Grand View Research has segmented the global manual resuscitators market based on type, modality, material, technology, patient type, end-use, application, and region:

Manual Resuscitator Type Outlook (Revenue, USD Million, 2017 - 2030)

• Self-inflating Resuscitator
• Flow-inflating Resuscitator
• T-piece

Manual Resuscitator Modality Outlook (Revenue, USD Million, 2017 - 2030)

• Disposable
• Reusable

Manual Resuscitator Material Outlook (Revenue, USD Million, 2017 - 2030)

• Silicon
• PVC
• Rubber

Manual Resuscitator Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Pop-off valve
• PEEP Valve
• Others

Manual Resuscitator Patient Type Outlook (Revenue, USD Million, 2017 - 2030)

• Adult
• Pediatric
• Others

Manual Resuscitator Application Outlook (Revenue, USD Million, 2017 - 2030)

• Chronic Obstructive Pulmonary Disease
• Cardiopulmonary Arrest
• Others

Manual Resuscitator End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospital
• Out-of-hospital
• ASC
• Military
• Others

 Manual Resuscitator Regional Outlook (Revenue, USD Million, 2017 - 2030)

• 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 in the Manual Resuscitators Market

• WEINMANN Emergency Medical Technology GmbH + Co. KG
• Laerdal Medical
• Ambu A/S
• Medline Industries, LP
• Hopkins Medical Product
• ResMed, Inc.
• HUM Gesellschaft für Homecare und Medizintechnik mbH
• PERSYS MEDICAL
• CareFusion

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.

Breast Reconstruction Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Breast Reconstruction Market Growth & Trends

The global breast reconstruction market size is expected to reach USD 826.9 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2022 to 2030. Rising cases of breast cancer, an increase in the number of reconstructive procedures, and rising awareness regarding the availability of breast reconstruction procedures are expected to be the key factors driving the market.

According to the National Breast Cancer Foundation, around 55 Australians are diagnosed with breast cancer every day. Moreover, as per a similar source, one in every seven women is expected to be diagnosed with breast cancer once in a lifetime. Similarly, according to World Life Expectancy, deaths due to breast cancer in Mexico tallied up to 1.20% of the total deaths in the country. Thus, due to an increase in the number of breast cancer patients, the market is expected to witness growth over the coming years.

Similarly, as per the NCBI, the rate of breast reconstruction post-mastectomy is rising continuously in the U.S. Moreover, according to a study published by a similar source in 2018, the number of breast reconstructions has been increasing since 2005. For instance, the number of breast reconstructions has increased from 4% in 2005 to 38.3% in 2014. This is expected to boost the market growth.

The COVID-19 pandemic was anticipated to restrict the growth of the market. However, the market is projected to witness growth during the post-pandemic period. The growth can be accredited to various product launches, geographic expansion, partnerships, and various strategic initiatives by major market players. For instance, in September 2021, Establishment Labs, launched a tissue expander, “Motiva Flora” in Europe and other CE mark countries to gain share in the market.

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Breast Reconstruction Market Report Highlights

• On the basis of product, the implants segment dominated the market with a revenue share of over 60.0% in 2021. The tissue expander segment is projected to register the fastest growth rate over the forecast period
• Based on shape, the round shape segment dominated the market in 2021. The anatomical shape segment is expected to register the fastest growth rate of 8.7% over the forecast period
• By end-use, the hospitals segment held the largest revenue share of over 45.0% in 2021. The ASCs segment is projected to register the fastest growth rate in the forecast period. This can be attributed to the rising number of reconstruction surgeries in ambulatory surgical centers
• North America dominated the market with a revenue share of over 40.0% in 2021. Asia Pacific is projected to witness the fastest growth over the forecast period. This can be accredited to a rise in the number of breast cancer patients and increasing awareness regarding the availability of breast reconstruction procedures in this region

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Breast Reconstruction Market Segmentation

Grand View Research, Inc. has segmented the global breast reconstruction market on the basis of product, shape, end-use, and region:

Breast Reconstruction Product Outlook (Revenue, USD Million, 2018 - 2030)

• Implants
  • Silicone Breast Implants
  • Saline Breast Implants
• Tissue Expander
  • Saline Expander
  • Air Tissue Expander
• Acellular Dermal Matrix

Breast Reconstruction Shape Outlook (Revenue, USD Million, 2018 - 2030)

• Round Shape
• Anatomical Shape

Breast Reconstruction End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Cosmetology Clinics
• Ambulatory Surgical Centers

Breast Reconstruction Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Breast Reconstruction Market

• Johnson & Johnson
• Allergan Inc.
• Sientra Inc.
• Ideal Implant Incorporated
• Establishment Labs S.A.
• POLYTECH Health & Aesthetics GmbH
• RTI Surgical Holdings
• Sebbin
• Integra LifeSciences
• GC Aesthetics

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.

Medication Management System Market Overview, Analysis And Forecast To 2030: Grand View Research Inc.

 Medication Management System Market Growth & Trends

The global medication management system market size is expected to reach USD 6.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.2% from 2022 t0 2030. Rise in the number of prescriptions globally, increase in investments by hospitals for workflow management, advanced technologies, and rise in government reforms and policies boosting the integration of IT in healthcare are estimated to drive market growth. 

Rise in challenges faced by healthcare professionals for efficient management of clinical operations, streamlined workflow, and reduced healthcare costs drive the demand for automated solutions in healthcare facilities. Rapid growth in prescriptions has increased the burden on care providers to efficiently manage prescriptions of patients and minimize medication errors. Thus, increase in the number of prescriptions is one crucial factor driving the market growth. In addition, a shortage of pharmacists and healthcare professionals will further boost the adoption of IT solutions in healthcare facilities.

The market had a positive impact during the pandemic. COVID-19 sickness began to spread over the world in early 2020, infecting millions of people globally, and major countries around the world-imposed foot restrictions and work stoppage orders. To assist control the spread of the infection, social distance and lockdowns were employed. Patients with chronic diseases unable to access healthcare facilities for routine treatment and medication administration suffered. Except for the medical supply and life support goods businesses, most industries have been severely hit, and have also been severely impacted.

There is a rise in investments by hospitals to streamline clinical processes and they have been purchasing new software to manage workflow, which is expected to boost the market growth. For instance, in March 2017, Saudi German Hospital-Dubai automated its medication management workflow by integrating Omnicell’s solutions. According to WHO, chronic diseases including cancer, diabetes, and cardiovascular disease accounted for approximately 73% of global death in 2020, this will generate a necessity for long-term medication with efficient dispensing and continuous patient monitoring, which can be accomplished effectively through medication management systems.

Also, according to a 2017 report by WHO, medication errors cost USD 42 billion per year globally. According to these numbers, there is a raising need for medication management systems as an essential component of comprehensive healthcare infrastructure. The population is at risk of adverse drug events due to the possibility of human error in delivering medication, which can be reduced by employing a medication management system. This would boost the worldwide medication management system market growth.

Reforms, policies, and initiatives are being taken by governments to increase the adoption of healthcare IT across the globe, which is expected to drive market growth. For instance, the German National Medication Plan is an initiative directed toward enhancing medication management software in hospitals and pharmacies in Germany.

To extend the geographic reach and client bases, key market players are using competitive strategies such as technology advancement, acquisitions and mergers, agreements, collaboration, and partnerships. For instance, in March 2022, Constellation Software, through N. Harris Computer (subsidiary), concluded its agreement for the acquisition of a net asset of Allscripts Healthcare Solutions’ hospitals and large physician practices business for a payment of USD 700 million in cash.

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Medication Management System Market Report Highlights

• The inventory management solutions segment held a majority of revenue share in the market in 2021 due to the rising need to reduce issues such as stockout and overstock
• The hospitals segment held the largest revenue share in 2021 owing to the rise in investments by hospitals to upgrade their IT infrastructure
• The cloud-based solutions segment dominated the market owing to greater data security
• North America dominated the market owing to high adoption of healthcare IT and technological advancements

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medication-management-system-market

Medication Management System Market Segmentation

Grand View Research has segmented the global medication management market on the basis of software, service, mode of delivery, end use, and region:

Medication Management System Software Outlook (Revenue, USD Million, 2016 - 2030)

• Computerized Physician Order
• Clinical Decision Support System Solutions
• Inventory Management Software
• Administration Software
  • Electronic Medication Administration Record (EMAR)
  • Barcode Medication Administration (BMA)
• Automated Dispensing Systems
  • Centralized
    • Robots
    • Carousels
  • Decentralized
    • Pharmacy-based ADS
    • Ward-based ADS
    • Automated Unit-Dose Dispensing
  • Assurance System Software
  • Other Software

Medication Management System Services Outlook (Revenue, USD Million, 2016 - 2030)

• Medication Analytics
• Point-of-Care Verification
• ADE Surveillance

Medication Management System Mode of Delivery Outlook (Revenue, USD Million, 2016 - 2030)

• On-premises
• Web-based
• Cloud-based

Medication Management System End-Use Outlook (Revenue, USD Million, 2016 - 2030)

• Hospitals
• Pharmacy
• Others

Medication Management System Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players in the Medication Management System Market

• Allscripts
• Becton
• Dickinson and Company (CareFusion)
• GE Healthcare
• Talyst, LLC.
• McKesson Corporation
• Cerner Corporation
• QuadraMed Affinity Corporation
• Omnicell, 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.

Cash Logistics Market Is Expected To Accomplish A Valuation Of Around USD 46.36 Billion By 2030: Grand View Research Inc.

 Cash Logistics Market Growth & Trends

The global cash logistics market size is anticipated to reach USD 46.36 billion by 2030, registering a CAGR of 8.2% from 2022 to 2030, according to a new report by Grand View Research Inc. The growing demand for efficient cash management solutions such as intelligent vaults and fully automated cash-in-transit vehicles to enhance operational functionality and flexibility are the major factors driving the growth of the market.

In addition, the growing need for security in currency handling activities is expected to gain high momentum over the forecast period. The rising integration of Artificial Intelligence (AI) into cash management solutions to prevent fraud is also expected to contribute to the growth of the market. Several biometric solution providers are focusing on developing new features and functions, such as secure software for efficient cash management solutions and automatic cash handling services for better security.

Companies such as Brink's Incorporated, CMS Info Systems Ltd., and Prosegur Cash SA have developed AI-based solutions to enhance the customer experience as per the changing needs of customers. Cash management solution providers are acquiring ATM service-providing companies to expand their reach. For instance, in April 2021, Brink's Company, a cash management solution company, announced the acquisition of PAI, Inc., a U.S.-based privately-owned ATM services provider, for USD 213 million to expand its reach in the U.S.

Advanced technologies complement the benefits of cash-in-transit vehicles. Several vehicle manufacturers are developing electric armored money transporter for the safety of employees. For instance, in August 2020, MAN, a commercial vehicle provider, introduced a MAN eTGE electric van, an electrically armored money transporter, to Prosegur, an international security service provider. The COVID-19 pandemic has adversely impacted the growth of the cash logistics industry owing to the supply chain disruptions.

However, cash logistics companies are recovering and are focusing on integrating advanced functionalities and features into their products to attract customers and expand their client base. Additionally, technological advancements have led to the development of contactless ATMs, which are marketed as a risk-free way of withdrawing cash amid the COVID-19 Pandemic. Such technological advancements are expected to boost the adoption of ATMs, which, in turn, is anticipated to propel market growth over the forecast period.

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Cash Logistics Market Report Highlights

• Cash-in-transit held the largest share in the service segment owing to the pursuance of standard protocols for safe transportation coupled with a rising trend of outsourcing banking activities
• The cash management services segment is expected to emerge as the fastest growing service segment owing to the rise in demand for handling cash within the retail segment
• The financial institutions segment is expected to continue its dominance over the forecast period owing to the growing adoption of cash logistics solutions among financial institutions on account of benefits such as customization of solutions, improved transparency, and optimal currency flow, among others
• Various factors, such as increasing purchasing power coupled with the accelerated growth in the installation of ATMs in emerging countries such as China and India, are significantly contributing to the Asia Pacific regional market growth

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

Cash Logistics Market Segmentation

Grand View Research has segmented the global cash logistics market based on services, end use, and region.

Cash Logistics Service Outlook (Revenue, USD Billion, 2017 - 2030)

• ATM Services
• Cash-in-transit
• Cash management
• Others

Cash Logistics End Use Outlook (Revenue, USD Billion, 2017 - 2030)

• Financial Institutions
• Government Agencies
• Retail
• Others

Cash Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Cash Logistics Market

• Brink's Incorporated
• Cash Logistik Security AG
• CMS Info Systems Ltd.
• G4S Limited
• GardaWorld
• Global Security Logistic Co.
• Security and Intelligence Services Ltd.
• Loomis AB
• Prosegur
• Cash in Transit Solutions Pty 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.