Cocoa Based Polyphenols Market Forecast 2030: Top Companies, Trends and Growth Factors Details for Business Development

 Cocoa Based Polyphenols Market Growth & Trends

The global cocoa-based polyphenols market size is anticipated to reach USD 136.8 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2020 to 2030. The market is predominantly driven by the rising awareness regarding natural antioxidants in food, beverages, and dietary supplements across the globe.

Cocoa based polyphenols, which serve as antioxidants and have possible antibacterial, cardioprotective, anti-inflammatory, anti-carcinogenic, antiviral, anti-allergenic, and anti-hepatotoxic characteristics, are the main chemicals that contribute to human health. They find applications in various industries including functional food & beverages, dietary supplements, dyes, cosmetics & toiletries, and others.

Growing awareness about the effectiveness of cocoa based polyphenols in treating cardiovascular diseases, high cholesterol, and cancer along with the rising number of applications in the food & beverage and pharmaceutical sectors is anticipated to drive the product demand over the forecast period.

The cost of raw materials has a significant impact on the overall costs of this product. Regulatory approvals keep a check on the health and environmental impact of cocoa-based polyphenols. Companies operating in this market require approvals from the concerned regulatory authorities to formulate their products. Once the regulatory approvals are granted, cocoa-based polyphenols are formulated by manufacturers. They use these to develop end-use products such as dietary supplements and functional food items.

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Cocoa Based Polyphenols Market Report Highlights

• In the Asia Pacific, the market is expected to witness the fastest CAGR of 6.2% from 2022 to 2030 in terms of revenue, on account of the increasing demand for dietary supplements and functional foodsin the region
• Based on the application, the functional beverages segment accounted for a revenue share of 36.9% in 2021 owing to its rising awareness regarding dietary habits to maintain good health and prevent diseases
• The functional foods segment accounted for a revenue share of 28.4% in 2021. The surging adoption of functional food due to increasing global awareness among consumers regarding preventive healthcare is expected to benefit the overall market growth over the forecast period
• Various strategies that can boost the product demand include joint operations between two prominent players to mark their presence in untapped markets. For instance, Naturex and Barry Callebaut signed an agreement, under which Barry Callebaut agreed to supply high-flavonol cocoa beans to Naturex for manufacturing cocoa extracts and products
• Post Covid-19 pandemic, a rise in demand for digestive as well as immune health augmenting products was observed, which positively influenced the market. Consequently, the sales of supplements including vitamins, protein, omega-3 fatty acids, and others saw immense growth

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Cocoa Based Polyphenols Market Segmentation

Grand View Research has segmented the global cocoa based polyphenols market based on application and region:

Cocoa Based Polyphenols Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Functional Foods
• Functional Beverages
• Dietary Supplements
• Others

Cocoa Based Polyphenols Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
• Asia Pacific
  • China
  • Japan
• Central & South America
• Middle East & AfricaIndia

List of Key Players of Cocoa Based Polyphenols Market

• ADM
• Barry Callebaut
• Kemin Industries
• Mars, Incorporated
• Naturex S.A
• Nutra Ingredients Limited
• Polyphenols AS
• Ajinomoto NaturalSpecialities
• Sabinsa, BERKEM
• Diana Food

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.

Biometric Payment Cards Market to Reap Excessive Revenues By 2030

 Biometric Payment Cards Market Growth & Trends

The global biometric payment cards market size is expected to reach USD 4,345.8 million by 2030, registering a CAGR of 62.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Biometric payment cards are divided into biometric debit and credit cards that are used to perform payment transactions.

The biometric sensors within these cards offer the most secure payment method to the user, which is fueling the growth of the market. Moreover, the contactless payment method is becoming gradually more popular, which enhances security and reduces the time required for the payment processing. Thus, these aforementioned factors are expected to drive the growth of the market during the forecast period.

The increased demand for tap-to-pay payments method in order to initiate touchless transactions has driven the market's growth. For instance, in 2020, according to the Visa Back to Business Study, 48.0% of Germans, after COVID-19, adopted new payment methods, from which nearly 16.0% of consumers are using tap to pay technology. Furthermore, the companies operating in the biometric payment cards market are involved in strategic partnerships to launch biometric cards, which is fueling the growth of the market. For instance, in 2019, Zwipe, the biometric payment company, entered into a partnership with Goldpac, a China-based Fintech Company. This partnership was aimed at launching biometric payment cards and offering related services to Goldpac’s extensive customer network.

Global biometric payment card providers are continuously implementing new technologies to improve the customer’s payment experience. For instance, in January 2022, Fingerprint cards, a biometric company, met Mastercard's increased security criteria for its second-generation T-Shape sensor module. This technology made payment processing easy and convenient for the customer as well as for merchants, with increased security. Thus, such advancements in technology open wide opportunities for future growth of the market.

During COVID-19, the contactless payments market was on a surge due to the norms and regulations of avoiding physical contact to prevent the disease. The increased use of biometric payment methods such as voice-based payment methods to avoid direct contact proved to be in favor of the biometric payment cards market, as it offers contactless payment methods along with chip-enabled payment.

In 2021, according to IDEMIA, 76.0% of the global consumers have a positive attitude toward biometrics and 81.0% of global consumers are ready to use fingerprint replacing PIN codes. With such trends in the industry, it builds high potential to transform traditional payment methods into new contactless and faster payment processing options.

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Biometric Payment Cards Market Report Highlights

• The credit cards segment is the emerging segment and is expected to witness significant growth during the forecast period. Credit cards are widely used by individuals across the globe for making payments and availing easy EMIs
• The retail segment is expected to witness the highest growth during the forecast period. The adoption of contactless payments as well as the credit and debit card acceptance by the retailers is propelling the growth of the segment
• The Europe segment is expected to witness significant growth during the forecast period. Europe is home to key market players that are increasingly entering into partnerships to offer biometric payment cards

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Biometric Payment Cards Market Segmentation

Grand View Research has segmented the global biometric payment cards market based on the card type, end-use, and region.

Biometric Payment Cards Type Outlook (Revenue, USD Million, 2021 - 2030)

• Credit Cards
• Debit Cards

Biometric Payment Cards End-Use Outlook (Revenue, USD Million, 2021 - 2030)

• Retail
• Transportation
• Healthcare
• Hospitality
• Government
• Others

Biometric Payment Cards Regional Outlook (Revenue, USD Million, 2021 - 2030)

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

List of Key Players in the Biometric Payment Cards Market

• Bio-idz
• BNP Paribas
• Goldpac Fintech
• IDEX Biometrics ASA
• Infineon Technologies AG
• Mastercard
• NXP Semiconductors
• Thales Group
• Visa Inc.
• Zwipe

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.

E-commerce Footwear Market Top Players ,Analysis And Forecast Till 2028: Grand View Research Inc.

 E-commerce Footwear Market Growth & Trends 

The global e-commerce footwear market size is expected to reach USD 156.73 billion by 2028, registering a CAGR of 6.8% during the forecast period, according to a new report by Grand View Research, Inc. The industry growth can be accredited to the rapidly rising demand for footwear on e-commerce portals in developed countries. People are gradually comprehending the importance of using the proper type of shoes for sports activities in order to avoid back pain, hip pain, knee pain, leg injuries, and muscle injuries. As a result, the demand for athletic footwear is anticipated to register a sharp rise during the forecast period.

In addition, rising health concerns due to sedentary lifestyles and the resulting problems are favoring the demand for sports footwear. These issues influence people to participate in both indoor and outdoor physical activities. Furthermore, the footwear industry is continuously observing and evolving customer activities and patterns over the years. In this regard, the on-the-go lifestyle amongst youngsters is compelling manufacturers to intensify their scale of production. Likewise, an increasing number of youths worldwide, along with the significant purchasing power of this consumer group, are expected to favor market growth in the coming years.

The improving lifestyle of consumers is expected to provide a huge market opportunity in the near future. Due to this changing lifestyle, luxury and high-end (premium) brands have witnessed a huge demand among consumers. This is expected to boost the growth of the footwear market. Furthermore, increasing consumer disposable income and rising awareness of emerging brands are expected to boost the market growth during the projection period. The need for fashion, comfort and fancy products drive the demand for non-athletic footwear. This is observed across all age groups, but especially among millennials and Gen Z.

The global market has been affected due to the ongoing COVID-19 pandemic. This can be attributed to restrictions imposed by regulatory authorities on public travels and physical activities. Additionally, external factors such as disrupted supply chains, lack of skilled labor, mandatory work-from-home policies, and the advent of online education systems have significantly reduced the demand for footwear. However, rising health awareness among the millennial population and technological advancements undertaken by manufacturers are expected to trigger market growth in the post-pandemic period.

The growth of consumers purchasing products through e-commerce platforms such as Amazon, Alibaba, etc., and the introduction of improved product collections by manufacturers are the key market trends leading the industry growth. Some players are strengthening their online presence to expand their consumer base. Therefore, they ensure the availability of their products through online channels such as company websites and e-commerce sites.

The athleisure footwear type segment is projected to show good growth in the market for e-commerce footwear during the forecast period. This growth is accredited to the incremental demand for these products in developed regions such as North America and Europe. Rising awareness among customers regarding health benefits associated with footwear is a key factor stimulating the growth of this segment during the forecast period.

North America is anticipated to show lucrative growth in this market in the coming years. The increasing demand for leather footwear is driving the growth of this market. The high adoption of leather products in this region, owing to the presence of a large working-class population, is flourishing the growth of this market. Furthermore, the increasing spending power of the people in the region is expected to drive the growth of the footwear market in the coming years.

Key players in the market are concentrating on developing innovative technologies to make sports shoes more comfortable and increase their stability. All these factors are expected to drive the growth of this market in the coming years. Strategic partnerships and agreements between key players to expand their businesses globally are one of the growing trends in the market. For instance, in 2020, Adidas and Allbirds partnered to develop low-carbon impact sneakers. This partnership was created to reduce their global carbon count. Such initiatives by major players are expected to benefit the footwear market growth in the near future.

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E-commerce Footwear Market Report Highlights

• Asia Pacific is expected to show the fastest growth of 7.3% from 2022 to 2028, owing to the growing demand for athletic footwear from developing nations such as China and India
• The leather footwear type segment contributed to the highest revenue share of around 70% in the global market in 2021, owing to the rising demand for these products in developed regions
• Europe dominated the global market by contributing over 31% of the global revenue share in 2021, owing to the rising demand for leather footwear as a result of the growing working middle-class population in this region

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E-commerce Footwear Market Segmentation

Grand View Research has segmented the global e-commerce footwear market on the basis of type, and region:

E-commerce Footwear Type Outlook (Revenue, USD Million, 2017 - 2028)

• Leather Footwear
• Athletic Footwear
• Athleisure Footwear
• Other Town Footwear

E-commerce Footwear Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in the E-commerce Footwear Market

• Walmart, Inc.
• Amazon, Inc.
• com
• Alibaba
• com 
• Flipkart
• Shopify

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.

Activated Bleaching Earth Market is Thriving USD 3.62 Billion Revenue by 2030: Grand View Research Inc.

 Activated Bleaching Earth Market Growth & Trends

The global activated bleaching earth market size is expected to reach USD 3.62 billion by 2030, registering a CAGR of 5.0% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising demand for edible oils due to the growing population across the globe. The product demand is also affected by the recently growing demand for biodiesels. Activated bleaching is a well-known absorbent, which has bleaching and filtering properties. It is widely used for the refining of edible oils, such as vegetable & seed oils, and animal-based oils, such as fish oils. The product refines, purifies, and decolorizes the oil making it suitable for human consumption.

Major applications of the product include refining and decolorizing vegetable & mineral oils, and animal fats. It is also used for the removal of phospholipids, phospholipids, tars acid, sludge, sulfonic acid, sulfuric acid, free fatty acids, and bits of the toxic metal. Apart from these uses, it is also utilized as an absorbent in sewage plants and as a component in cosmetic goods. The largest and fastest-growing market for activated bleaching earth is estimated to be Asia Pacific. This is due to the high population. Asia Pacific is the largest producer as well as a consumer; wherein the region has the presence of numerous players owing to the easy availability of bentonite, a fundamental component for the production of activated bleaching clay.

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Activated Bleaching Earth Market Report Highlights

• The edible oils and fats application segment is estimated to register the fastest CAGR, in terms of revenue, over the forecast period
• The rapid growth is attributed to the rising product demand and high yield of oil-producing crops worldwide
• Asia Pacific is estimated to be the fastest-growing regional market during the forecast period
• This is due to the growing population and rising product demand from the end-user industries, such as oil manufacturers
• The high demand from the segment is also credited to the high production rates of the oil-producing plants
• The market is competitive with the presence of major players. The companies use various strategies like product diversification, capacity expansion, investing in R&D activities, and mergers & acquisitions to gain a competitive edge over others

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Activated Bleaching Earth Market Segmentation

Grand View Research has segmented the global activated bleaching earth market on the basis of application, and region:

Activated Bleaching Earth Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Edible Oil & Fats
• Mineral Oil & Lubricants
• Others

Activated Bleaching Earth Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Activated Bleaching Earth Market

• Clariant
• Taiko Group of Companies
• Indian Clay & Mineral Co.
• Ashapura Perfoclay Ltd. (APL)
• The W Clay Industries
• AMC (U.K.) Ltd.
• HRP Industries
• Manek Active Clay Pvt. Ltd.
• Oil-Dri Corp. of America
• Zeotec Adsorbents Private Ltd.
• EP Minerals
• Phoenix Chemicals (Pvt.) Ltd.
• 20 Microns Nano Minerals Ltd.
• Musim Mas
• Shenzhen Aoheng Science and Technology Co., Ltd.
• Korvi Fullers Earth Processing Industry
• Refoil Earth Pvt. Ltd.
• Global Bleach Chem Pvt. Ltd.
• Tunasinti Bhaktimakmur

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.

Hard Kombucha Market Precise Analysis on Business Overview, Product Scope And Ongoing Development 2030

 Hard Kombucha Market Growth & Trends

The global hard kombucha market size is expected to reach USD 273.2 million by 2030, registering a CAGR of 23.5% over the forecast period, according to a new report by Grand View Research, Inc. Shifting consumer preference for moderate alcohol content beverages, particularly among millennials and the working-class population, is expected to integrate well with the growth of the market. According to an article published by BNP Media, in February 2022, U.S. kombucha sales increased by 11% between the years 2018 and 2021. This suggests an upward growth trend for the hard market in the coming years. Rising product popularity as low-calorie, low-carb, and low-sugar alternative alcoholic drinks to traditional alcoholic beverages among the health-conscious demographics across the world is expected to accelerate the market.

Furthermore, the rising adoption of new flavors is likely to provide growth opportunities to the key market players. For instance, in July 2021, Bambucha launched a new line of organic hard kombucha, which is available in three flavors namely, Tropical Guava, Blueberry Vanilla, and Hawaiian Hibiscus. Hard kombucha with 6.0 to 10.0% ABV segment held the largest share of the global revenue in 2021 and is expected to maintain dominance over the forecast period. The high consumption and easy availability of a wide range of products in this category, especially in the North America region, are driving the growth of this segment. For instance, Local Roots Kombucha, a San-Diego based company offers Booch-Mosa a hard kombucha with an ABV content of 6%.

The company claims that its product is made with all organic ingredients, such as orange, ginger, and turmeric. The off-trade distribution channel segment accounted for the largest revenue share in 2021. The increasing availability of such products at Walmart, Target, Costco, and Tesco among others has helped in driving the sales through off-trade distribution channels. Furthermore, the closure of the on-trade channel due to the outbreak of COVID-19 has also boosted the sales through the off-trade channels, such as sales of hard kombucha through e-commerce platforms. For instance, Synergy offers its kombucha drink at various Walmart locations to increase product visibility.

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Hard Kombucha Market Report Highlights

• Hard kombucha with up to 5.0% ABV is projected to register the fastest CAGR from 2022 to 2030 owing to the high demand for low-alcoholic beverages among health-conscious millennials and Gen Z consumers
• The on-trade channel segment is anticipated to register the fastest CAGR during the forecast period due to the rising product penetration across various e-commerce websites
• Asia Pacific is expected to register the fastest CAGR during the forecast period. Countries, such as China, Japan, and Australia, are expected to see rapid growth in the product consumption due to increased product launches in the region
• The market is characterized by the presence of a few major players and several small- and medium-scale players
• The majority of the market share is captured by key players like Remedy Drinks, Jiant, Flying Embers, and JuneShine
• There is fierce competition between players in this market as some of them are top manufacturers and have large customer bases at regional as well as global levels

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Hard Kombucha Market Segmentation

Grand View Research has segmented the hard kombucha market based on ABV content, distribution channel, and region:

Hard Kombucha ABV Content Outlook (Revenue, USD 000’, 2017 - 2030)

• Up to 5.0% ABV
• 0% to 10.0% ABV
• Others

Hard Kombucha Distribution Channel Outlook (Revenue, USD 000’, 2017 - 2030)

• On-trade
• Off-trade

Hard Kombucha Regional Outlook (Revenue, USD 000’, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • The Netherlands
  • Switzerland
• Asia Pacific
  • China
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • South Africa

List of Key Players of Hard Kombucha Market

• Remedy Drinks
• Jiant
• Flying Embers
• JuneShine
• Boochcraft
• Kyla
• Unity Vibration
• Hops
• Ventura Brewing Company
• Allkind

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.

Stethoscope Market to Penetrate Untapped Regions During 2022 to 2030: Grand View Research Inc.

 Stethoscope Market Growth & Trends

The global stethoscope market size is anticipated to reach USD 949.88 million by 2030, according to a new report by Grand View Research, Inc. Furthermore, the report forecasts the industry to expand at a CAGR of 5.9% from 2022 to 2030. The increasing incidences of cardiovascular & pulmonary diseases, along with the growing application of digital stethoscopes in the diagnosis of such chronic conditions, are expected to boost the adoption of these devices significantly during the forecast period.

In addition, the outbreak of the COVID-19 pandemic in the year 2020 significantly boosted the use of stethoscopes globally. Since COVID-19 is extremely infectious and a respiratory ailment, initial diagnosis by listening to the lungs and heart is of the utmost importance in any clinical setting. Thus, the market is expected to witness substantial and continuous growth even after the end of the pandemic.

The launch of several government initiatives, the introduction of new products, and the incorporation of new technologies by market players are expected to propel the market during the projection period. For instance, 3M has launched the ‘Single-Patient Stethoscope’ to overcome the issues faced while using disposable stethoscopes, such as inadequate audibility & discomfort for healthcare professionals. Also, the launch of digital/smart stethoscope that uses Artificial Intelligence (AI) to record and send recordings to physicians virtually allows them to maintain social distancing and reduce exposure to COVID-19.

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Stethoscope Market Report Highlights

• Based on technology, the traditional acoustic stethoscope segment dominated the overall market with a share of 74.42% in 2021, since it is comparatively inexpensive, simple to use, and widely available for use for paramedics & nurses
• Based on the sales channel, the distributors’ segment dominated the market with a share of 54.47% in 2021. This is because hospitals & clinics usually have long-term contracts and tie-ups with distributors & manufacturers, which helps save on consignment and other delivery costs
• Hospitals dominated the end-use segment with the largest share of 40.58% in 2021, and the segment is further expected to advance at the highest CAGR during the forecast period
• North America dominated the regional market with the highest revenue share of 33.05% in 2021, owing to the presence of well-established healthcare facilities and the increasing prevalence of heart- and lung-associated diseases

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Stethoscope Market Segmentation

Grand View Research has segmented the global stethoscope market based on technology, sales channel, end-use, and region:

Stethoscopes Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Electronic/Digital Stethoscope
• Smart Stethoscope
• Traditional Acoustic Stethoscope

Stethoscopes Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Distributors
• E-commerce
• Direct Purchase

Stethoscopes End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Home Healthcare
• Hospitals
• Clinics
• Nurse Practitioners
• EMT/ First Responders
• Veterinary

Stethoscopes Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Stethoscope Market

• 3M
• Medline Industries
• Welch Allyn
• Eko Devices Inc.
• GF Health Products, Inc.
• Rudolf Riester GmbH
• American Diagnostics Corporation
• Cardionics
• Heine Optotechnik GmbH & Co. KG
• PAUL HARTMANN AG
• STETHOME SP. Z O.O.

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.

Magnetic Resonance Imaging Market to Reflect Robust Expansion During 2022-2030: Grand View Research Inc.

 Magnetic Resonance Imaging Market Growth & Trends

The global magnetic resonance imaging market size is expected to reach USD 9.0 billion by 2030, registering a CAGR of 7.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing prevalence of chronic diseases and increasing demand for early diagnostic techniques are the factors expected to drive the market growth.

In addition, the growing adoption of less invasive procedures is also contributing to the growth of the market. Moreover, the growing number of clinical trials to understand the effectiveness and efficiency of MRI machines in various clinical applications is also expected to boost the market growth. End-users such as research institutes and universities are frequently studying the efficiency of MRI devices with high field strength such as 7T, 10T, and 10.5T.

The growing number of research studies will help in unlocking the potential usage and advantages of high-field MRI machines for various preclinical as well as clinical applications. Currently, 7T MRI machines are only effective in brain and knee imaging, largely due to the absence of the advanced coil required for these high-field machines. Therefore, the development of advanced coils to expand the application of 7T MRI machines is expected to propel market growth during the forecast period.

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Magnetic Resonance Imaging Market Highlights

• The adoption of advanced imaging technologies is augmenting the growth of the MRI market
• The open system is anticipated to be the fastest-growing segment during the forecast period due to its efficiency to accommodate all sizes of patients without feeling claustrophobic
• MRI for neurological and brain disorders dominated the market largely due to the growing number of neurological conditions and increasing demand for the less invasive diagnostic procedure
• The high-field MRI segment is expected to experience the fastest growth largely due to its efficiency to provide detailed images for diagnosis
• Imaging centers are expected to exhibit the highest growth rate during the forecast period. Government initiatives to improve primary care is one of the major factors impacting the segment growth
• In 2021, North America dominated the global space with the largest revenue share owing to continuous research and high adoption of advanced techniques in the region
• Asia Pacific is anticipated to grow at the fastest growth rate largely due to the growing number of clinical studies in the region for high-field MRI machines

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Magnetic Resonance Imaging Market Segmentation

Grand View Research has segmented the global magnetic resonance imaging market based on architecture, field strength, application, end-use, and region:

Magnetic Resonance Imaging Architecture Outlook (Revenue, USD Million, 2018 - 2030)

• Closed System
• Open System

Magnetic Resonance Imaging Field Strength Outlook (Revenue, USD Million, 2018 - 2030)

• Low Field Strength
• Mid Field Strength
• High Field Strength

Magnetic Resonance Imaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• Obstructive Sleep Apnea (OSA)
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Brain and neurological
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Spine and musculoskeletal
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Vascular
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Abdominal
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Cardiac
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Breast
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength
• Other
  • Low Field Strength
  • Mid Field Strength
  • High Field Strength

Magnetic Resonance Imaging End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others

Magnetic Resonance Imaging Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Italy
  • France
  • Spain
  • Sweden
  • Russia
  • The Netherlands
  • Austria
  • Belgium
  • Denmark
  • Norway
  • Portugal
  • Finland
• Asia Pacific
  • India
  • China
  • Japan
  • Thailand
  • South Korea
  • Singapore
  • Malaysia
  • Philippines
  • Taiwan
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar

List of Key Players in the Magnetic Resonance Imaging Market

• GE Healthcare
• Siemens AG
• Toshiba Corporation
• Aurora Imaging Technologies, Inc.
• Koninklijke Philips N.V.
• Esaote SPA
• Sanrad Medical Systems Pvt ltd
• Fujifilm

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.

Expansion of Automotive Textiles Market During 2022 – 2030 to Gain Robust Traction: Grand View Research Inc.

 Automotive Textiles Market Growth & Trends

The global automotive textiles market is expected to reach USD 38.47 billion by 2030, expanding at a compounded annual growth rate (CAGR) of 3.2% from 2022 to 2030, according to a new report by Grand View Research Inc. Growth in automobile production coupled with the increasing focus on safety devices is expected to propel market growth.

The industry observes integration among the raw material manufacturers, producers, and distributors. Distributors assist the automotive industries in effectively using the product across the entire range of their major applications. Distributors act as the key link between the manufacturers and the automotive sectors, which require textiles for car seat covers, for production of airbags, and seat belts, among several others.

Major raw materials for automotive textiles are woven, composite, and various other nonwoven fabrics that are 100% polypropylene. Manufacturers of automotive textile continue to be alert about dealing with the raw materials price fluctuations and invest in research & development for innovative techniques to minimize the risks associated with it.

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Automotive Textiles Market Report Highlights

• The woven product segment accounted for a market share of 39.10% in 2021, owing to its significant applications in automotive interiors. Enhancement in the car models along with rising demand for comfort inside the vehicles is expected to fuel the utilization of the product in car seats
• The upholstery application segment dominated the market in 2021 and is estimated to generate revenue of USD 21,471.6 million by 2030, owing to the growing demand for safety devices in the region
• The automotive textiles market in Asia-Pacific is anticipated to expand at a CAGR of 3.6% from 2022 to 2030 on account of increased population, urbanization, and key players extending their operations in this region
• The U.S. automotive textiles market is projected to witness strong growth during the forecast period and reach a market value of USD 5,867.9million in 2030 on account of the presence of major players in the country, increased demand for premium, and luxury textiles in car interiors, and fast urbanization
• The market is competitive owing to the presence of several players that are primarily consolidated in the Asia Pacific and North America, whereas Europe exhibits a limited presence of the established players

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

Automotive Textiles Market Segmentation

Grand View Research has segmented the Automotive Textiles market based on product, application, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million; 2017 - 2030)

• Woven
• Nonwoven
• Composites
• Others

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2017 - 2030)

• Upholstery
• Tires
• Safety Devices
• Engine Components
• Others

Regional Outlook (Volume, Tons; Revenue, USD Million; 2017 - 2030)

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

List of Key Players in the Global Automotive Textiles Market

• Lear Corporation
• Johnson Controls
• Acme Mills
• Aunde SA
• Toyota Boshoku Corporation
• International Textile Group
• Borgers AG
• Dupont
• Autotech Nonwovens
• Suminoe Textile Co. Ltd.
• CMI Enterprises Inc.
• ASGLAWO Technofibre GmbH
• Sage Automotive Interiors, Inc.
• Baltex Inc.
• Reliance Industries Limited
• Auto Textiles S.A.
• Global Safety Textile GmbH
• SMS Auto Fabrics
• Autoliv 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.

Large Molecule Drug Substance CDMO Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 Large Molecule Drug Substance CDMO Market Growth & Trends

The global large molecule drug substance CDMO market size is expected to reach USD 22.1 billion by 2030, registering a CAGR of 8.6% during the forecast period, according to a new report by Grand View Research, Inc. The rising incidence of infectious diseases and the high demand for novel therapeutics are the key factors driving the market growth. Contract manufacturing is one of the major steps in large molecule production and accounts for a sizable portion of the large molecule drug substance market. The mode of manufacturing is an important factor to consider as it represents the sector’s outsourcing and in-house activities.

Companies are still choosing to outsource services due to the high cost and delay in time. This has resulted in a greater proportion of large molecules being outsourced by the firms. A Contract Development & Manufacturing Organization (CDMO) is a company that provides a comprehensive range of services to the pharmaceutical industry, from drug development to manufacturing. CDMOs provide critical services by incorporating third-party projects and offering their knowledge, development, and manufacturing capabilities. Before the COVID-19 pandemic, large molecule drug investment was increasing as they offer a plethora of new treatment options.

The valuation of biologics became clearer during the race to develop therapeutics and vaccines against the SARS-CoV-2 virus. The demand for both high-volume and high-quality CGMP drug substance and drug product manufacturing services has risen dramatically, particularly for CDMOs capable of providing a wide range of COVID-19 vaccine technologies and, to a lesser extent, therapeutic monoclonal antibody products.

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Large Molecule Drug Substance CDMO Market Report Highlights

• The contract manufacturing segment dominated the market with a revenue share of 68.0% in 2021
• Based on sources, the mammalian segment accounted for the largest revenue share in 2021. This category will expand as more complex biologics, such as bi- and tri-specific antibodies, and antibody-drug conjugates are evolved
• Based on end-users, the biotech companies segment led the global market in 2021 accounting for the largest revenue share. Rising R&D investments by the firms for large molecules drive the growth of this segment
• Asia Pacific is projected to witness the fastest CAGR during the forecast years. The presence of the target population & a low-cost, skilled workforce, and changes in the regulatory scenario are the key factors driving the market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-large-molecule-drug-substance-cdmo-market

Large Molecule Drug Substance CDMO Market Segmentation

Grand View Research has segmented the global large molecule drug substance CDMO market based on services, source, end-user, and region:

Large Molecule Drug Substance CDMO Services Outlook (Revenue, USD Million, 2018 - 2030)

• Contract Manufacturing
  • Target Identification & Screening
  • Target Validation & Functional Informatics
  • Lead Identification & Candidate Optimization
  • Preclinical Development
• Contract Development
  • Cell Line Development
  • Process Development

Large Molecule Drug Substance CDMO Source Outlook (Revenue, USD Million, 2018 - 2030)

• Mammalian
• Microbial
• Others

Large Molecule Drug Substance CDMO End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Biotech Companies
• CRO
• Others

Large Molecule Drug Substance CDMO Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Global Large Molecule Drug Substance CDMO Market

• Eurofins Scientific
• WuXi Biologics
• Samsung Biologics
• Catalent, Inc.
• Cambrex Corp.
• AGC Biologics.
• Recipharm AB (publ)
• Siegfried Holding AG
• LabCorp Drug Development
• FUJIFILM Diosynth Biotechnologies

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.

Ceramic Matrix Composites Market Poised to Expand at a Robust Pace of USD 8.94 Billion Over 2030: Grand View Research Inc.

 Ceramic Matrix Composites Market Growth & Trends

The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, expanding at a compound annual growth rate (CAGR) of 12.9% during the forecast period, according to a new report by Grand View Research Inc. Increasing demand for ceramic matrix composites is being driven by their superior properties, such as high-temperature stability, reduced weight, and high strength.

Ceramic matrix composites have evoked keen interest from the aerospace and automotive sectors, owing to their superior mechanical properties, high strength-to-weight ratio, and vast application scope. Increasing fuel prices have triggered the need for lightweight components to boost fuel efficiency. The majority of automobiles today run on conventional fuel, so fuel-efficient products are in high demand. However, applications for CMCs are restricted due to their high prices. CMCs are mainly used in aerospace, automotive, and electronic or thermal management applications. CMC users come from industries such as Boeing, Airbus S.A.S., NASA, GE Global Research, etc.

Market players focus on expanding their product portfolio and implementing faster product delivery strategies to gain a competitive advantage in various regional markets. The industry's rivalry is expected to be moderate with major players adopting strategies such as new product developments, acquisitions, partnerships, and joint ventures.

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Ceramic Matrix Composites Market Report Highlights

• Oxides product segment accounted for a market share of 31.87% in 2021, owing to its properties such as high-temperature stability in addition to reduced weight and high strength
• The aerospace application segment dominated the market in 2021 and is estimated to generate revenue of USD 3.78 billion by 2030, owing to lightweight and rigid materials for various applications, where material weight plays a crucial role in the performance
• The market in the Asia-Pacific is anticipated to expand at a CAGR of 14.6% from 2022 to 2030 on account of rising energy demands and the developing aerospace industry
• The U.S. market is forecast to boom during the forecast period and reach a value of USD 3.65 billion in 2030. The growth is attributed to the rising investments by companies in developing ceramic matrix components and collaborating with government agencies for upgrading defense systems

Access Press Release@ https://www.grandviewresearch.com/press-release/ceramic-matrix-composites-market

Ceramic Matrix Composites Market Segmentation

Grand View Research has segmented the Ceramic Matrix Composites market based on product, application, and region:

Product Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)

• Oxides
• Silicon Carbide
• Carbon
• Others

Application Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)

• Aerospace
• Defense
• Energy & Power
• Electrical & Electronics
• Others

Regional Outlook (Volume, Tons, Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Global Ceramic Matrix Composites Market

• 3M Company
• COI Ceramics, Inc.
• Coorstek, Inc.
• General Electric Company
• Kyocera Corporation
• Lancer Systems LP
• SGL Carbon Company
• Ultramet, Inc.
• Ube Industries, 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.

Aquafeed Market Projected to Discern Stable Expansion by 2030

 Aquafeed Market Growth & Trends

The global aquafeed market is expected to reach USD 102.2 billion by 2030, registering a CAGR of 4.4% from 2022 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps among others due to its rich protein content.

The future of the global market is dependent on the increasing acceptance of aquafeed which contains essential oils, feed acidifiers, natural extracts, and palatants which are important for aquaculture species in their overall growth across each stage of development. The widespread fish mortality due to various infections which are caused by parasites is driving the demand for the consumption of anti-parasites.

These feed products are consumed by various warm-water and cold-water fish species such as catfish, salmon, trout, tilapia, shrimps, largemouth bass, and eel among others. These feeds for aquatic species are a source of omega-3 fatty acids and proteins. It improves the nutritional value of feed and offers several other benefits like improved growth rate, reduced mortality of various aquatic species, digestibility of proteins, and enhanced immune system.

The COVID-19 pandemic had crippled the economies of the world and severely impacted the supply chain across key industries. The distribution of raw materials for aquafeed was affected by the pandemic due to which its production was hampered. In addition, strict lockdowns were imposed to curb the virus from spreading, and due to this many manufacturing and production units were closed. Furthermore, there were rumors of transmission of the virus through poultry, which ill-affected the market.

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Aquafeed Market Report Highlights

• Dry aquafeed form witnessed the fastest growth rate of CAGR 4.7%, owing to its properties such as easy production, quick transport, long storage life, and quick dispense into the fish culture environment
• The feed acidifiers witnessed the fastest growth rate of 6.7% because of their ability to prevent the species from diseases which are caused by E. coli and Salmonella. These additives are prepared from organic acids along with their salts and help in maintaining gastric acid levels in these aquatic species
• The grower feed type witnessed a high growth rate of 4.7%, because of its rising demand as it supports the continuous growth of the animals without burdening them with extra vitamins and minerals intake
• Sea Bass application witnessed a high growth rate due to its increasing consumption in the food industry because of its low calorie and high protein content. It is a carnivorous fish and is rich in omega-3 fatty acids, proteins, and selenium. It also contains potassium, mercury, magnesium, vitamin B12, and vitamin B6
• The Asia Pacific region witnessed the highest growth rate of CAGR 4.9%, owing to its favorable climatic conditions in the countries like China, and India which helps to enhance the overall aquaculture industry production and eventually develop the market

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

Aquafeed Market Report Segmentation

Grand View Research has segmented the global aquafeed market report based on form, additives, feed, application, and regions:

Form Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Dry
• Moist
• Wet

Additives Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Amino Acids
• Antibiotics
• Vitamins & Minerals
• Feed Acidifiers
• Antioxidants
• Enzymes
• Anti-parasitic
• Probiotics & Prebiotics
• Others

Feed Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Starter Feed
• Grower Feed
• Finisher Feed
• Brooder Feed

Application Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• Carp
• Rainbow Trout
• Salmon
• Crustaceans
• Tilapia
• Catfish
• Sea Bass
• Grouper
• Others

Regional Outlook (Revenue, USD Thousand, Volume, Tons, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Denmark
• Asia Pacific
  • China
  • India
  • Japan
  • Vietnam
  • Thailand
  • Indonesia
  • Australia
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Ecuador
• Middle East & Africa
  • South Africa
  • Egypt

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.