Multi-access Edge Computing Market Poised to Expand at a Robust Pace of USD 55,409.7 Million Over 2030: Grand View Research Inc.

 Multi-access Edge Computing Market Growth & Trends

The global multi-access edge computing market size is anticipated to reach USD 55,409.7 million by 2030, expanding at a CAGR of 47.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of Over-the-Top (OTT) media streaming services and rising demand for personalized content are estimated to drive market growth. The rising number of users opting for the OTT video delivery model is projected to encourage mobile networks and telecom companies to improve their existing infrastructure. The multi-access edge computing (MEC) architecture brings backend functions closer to the user network, which is anticipated to help Multichannel Video Programming Distributors (MVPD) meet consumer expectations.

The technology is observing increased adoption across industries such as automotive, IT, telecom, and data center. The retail sector is also projected to experience substantial disruption due to the integration of MEC technology in the near future. The use of MEC technology is projected to minimize data processing time and increase the effectiveness of in-store systems, allowing for better resolution of consumer complaints. Additionally, the implementation of this technology is intended to reduce the burden of external mega sites, providing users with a more seamless in-store experience. MEC integration in network systems reduces the total cost of ownership and creates quick returns on investment as compared to legacy systems, which could encourage smaller retail chains to adopt MEC technology.

The MEC market is expected to be fueled by the ubiquity of IoT devices and the growing need for real-time analysis of data produced by them. Moreover, as MEC is implemented through virtual machines from the network edge to cloud computing centers, it leads to better resource utilization and helps reduce routing and computing constraints. Using this technology in IoT can help relieve the burden on cloud networks and reduce the consumption of energy, both of which are predicted to provide considerable market opportunities.

Multi-access edge computing is projected to improve manufacturing practices, leading to the emergence of a connected automated ecosystem. The emergence of connected ecosystems in vehicles is driving the demand for solutions that can help wireless devices, computing systems, and sensors in connected cars to function together in a coordinated manner, which could favor the adoption of MEC. The technology can be used to provide key safety and operational data and improve safety, efficiency, and value-added services like car finders and smart parking. Additionally, applications such as collision warnings, road hazard mapping systems, congestion detection, and emergency vehicle alerts are attracting people to try out these services, supporting market growth.

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Multi-access Edge Computing Market Highlights

• In terms of region, the Asia Pacific regional market is estimated to expand at a CAGR of over 53% from 2022 to 2030.
• In terms of solution, the software segment accounted for the highest revenue share of around 47.0% of the global MEC market in 2021.
• In terms of end-use, the data centers segment is expected to account for the largest market share of over 20.0% in 2030.
• North America dominated the global MEC market in terms of revenue in 2021. The regional market is expected to expand at a CAGR of 40.0% in the forecast period.

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Multi-access Edge Computing Market Segmentation

Grand View Research has segmented the global multi-access edge computing market on the basis of solution, end-use, and region.

Multi-access Edge Computing Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Services

Multi-access Edge Computing End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• IT & Telecom
• Smart Cities, Smart Homes, & Smart Buildings
• Datacenters
• Energy & Utilities
• Automotive
• Others (Healthcare, Agriculture)

Multi-access Edge Computing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

List of Key Players in the Multi-access Edge Computing Market

• ADLINK Technology Inc.
• Advantech Co., Ltd.
• FogHorn Systems
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• SAGUNA
• SMART Embedded Computing
• Vapor IO
• Skyvera

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.

Water And Wastewater Treatment Equipment Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Water And Wastewater Treatment Equipment Market Growth & Trends

The global water and wastewater treatment equipment market size is anticipated to reach USD 84.58 billion by 2030 and is expected to expand by a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for clean water owing to rapid urbanization and industrialization coupled with infrastructural developments in the water management industry is anticipated to drive the market growth during the forecast period.

Wastewater and its discharge sludge contain several valuable resources, including phosphorus, and nitrogen, which can be recovered and reused to preserve threatened resources. Thus, a rising focus on reducing water consumption by reusing wastewater to ensure resource efficiency and support a globular economy is likely to open new avenues for market growth.

Rapid technological developments in the global industry are expected to positively influence short- as well as long-term modifications at water & wastewater management facilities. Market players are increasingly focusing on integrating advanced technologies to develop more efficient and effective solutions for water management, thereby driving the product demand.

In addition, the rising environmental concerns along with the need to comply with the stringent government regulations regarding water management, globally, are the factors anticipated to propel the product demand. Increasing investments to treat micropollutants and Polyfluoroalkyl Substances (PFAS), majorly in Europe and North America, are likely to have a positive impact on the growth of the global market.

According to the World Bank, investment in fundamental public health infrastructures, such as water and sanitation systems, is one of the most cost-effective measures for improving pandemic preparedness, particularly in resource-constrained environments. The market was negatively impacted due to the COVID-19 pandemic. Supply chain disruption during the pandemic led to a shortage of equipment and consumables required for the treatment procedures. 

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Water And Wastewater Treatment Equipment Market Report Highlights

• The biological product segment is estimated to register a CAGR of 5.2% from 2022 to 2030 due to the stringent regulations coupled with the increasing demand for high-quality solutions used for wastewater management
• The secondary treatment segment accounted for a revenue share of 37.0% in 2021 owing to the high adoption of advanced wastewater management technologies, such as Moving Bed Biofilm Reactors (MBBR) and Integrated Fixed-Film Activated Sludge (IFAS)
• The product demand in the industrial application segment is anticipated to ascend at the fastest CAGR of 5.3% from 2022 to 2030
• This growth can be attributed to the rapid industrialization, particularly in developing countries, coupled with stringent regulations pertaining to effluent discharge from industries
• Major companies have undertaken several business strategies, such as mergers, acquisitions, and R&D, to strengthen their presence in the global market
• For instance, in February 2020, Veolia Water Technologies, U.K. completed the acquisition of Biochemica Water Ltd. It is expected to help the company in becoming one of the leading end-to-end suppliers to the industrial and municipal sectors in the U.K. Veolia Water Technologies
• In May 2022, Saur and Veolia signed an agreement. According to that, Saur has committed to buy the latter’s mobile water services business in Europe

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Water And Wastewater Treatment Equipment Market Segmentation 

Grand View Research has segmented the global water & wastewater treatment equipment market based on the equipment, process, application, and region:

Water & Wastewater Treatment Equipment Outlook (Revenue, USD Billion, 2018 - 2030)

• Membrane Separation
• Biological
• Disinfection
• Sludge Treatment
• Others

Water & Wastewater Treatment Equipment Process Outlook (Revenue, USD Billion, 2018 - 2030)

• Primary
• Secondary
• Tertiary

Water & Wastewater Treatment Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Municipal
• Industrial

Water & Wastewater Treatment Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Russia
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
  • Venezuela
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Egypt

List of the Key Players in the Water And Wastewater Treatment Equipment Market

• Veolia
• SUEZ
• DuPont
• Pentair plc
• Xylem, Inc.
• Aquatech International LLC
• Ecolab, Inc.
• Calgon Carbon Corp.
• Evoqua Water Technologies 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.

U.K. Imaging Services Market Estimated To Flourish By 2030: Grand View Research Inc.

 U.K. Imaging Services Market Growth & Trends

The U.K. imaging services market size is expected to reach USD 23.84 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. Medical imaging technologies are highly useful in detecting changes in the appearance of organs, tissues, and arteries, as well as diagnosing various diseases like cancer. Each modality has its own set of advantages for effectively identifying a variety of medical conditions. The prevalence of various disorders is predicted to increase market growth.

Emerging innovations in medical imaging technology and their adoption by service providers are expanding the market size. For instance, in May 2020, Alliance Medical and Expandable Healthcare announced the launch of Mobile Medical Plus in the U.K., a mobile imaging unit with an in-patient facility. Furthermore, the market is likely to grow over the forecast period due to the increased prevalence of chronic diseases such as cancer and cardiovascular disorders, which necessitates the use of advanced medical imaging technologies for diagnosis. As per the International Agency for Research on Cancer, about 457,960 new cancer cases were diagnosed in the U.K. in 2020, with 179,648 fatalities in the same year.

With the adoption of modern imaging technology, the number of imaging service providers in the U.K. is rapidly increasing. According to the Organization for Economic Co-operation and Development (OECD), hospitals had around 7.8 MRI units and 9 CT units installed per 1,000,000 population in 2020. Furthermore, the rising frequency of CT scans in the U.K. is predicted to boost the overall market growth. According to the same source, CT scans were performed in U.K. hospitals at a rate of 103 per 1,000 people in 2019. The low cost of CT scans compared to MRI scans is also expected to increase their uptake.

In order to grow their services and presence, the market's leading competitors are undertaking various efforts such as acquisitions and funding of medium and small-sized organizations. For instance, in March 2021, Fortius Clinic, U.K.'s single largest orthopedic group with an international reputation in orthopedics and MSK, was acquired by Affidea Group, the leading European provider of diagnostic imaging, outpatient, and cancer care services. In July 2020, Rutherford Health entered into a partnership with Somerset NHS Foundation Trust, to provide diagnostic services through a new diagnostics facility in Somerset, England. The diagnostics facility is expected to offer a variety of diagnostic services and assist in the delivery of test results.

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U.K. Imaging Services Market Report Highlights

• By modality, the MRI scans segment accounted for the largest revenue share in 2021 owing to its effective diagnostic results.
• The CT scans segment is expected to grow at a significant rate during the forecast period.
• Based on end-use, the hospital segment accounted for the largest revenue share in 2021, owing to the adoption of advanced imaging modalities by hospitals.
• The diagnostic imaging centers segment is expected to grow at a lucrative rate during the forecast period.

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U.K. Imaging Services Market Segmentation

Grand View Research has segmented the U.K. imaging services market based on modality and end-use:

Modality Outlook (Revenue, USD Billion, 2018 - 2030)

• X-rays
• CT Scans
• MRI Scans
• Ultrasound
• Nuclear Medicine Scans

End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospitals
• Diagnostic Imaging Centers
• Others

List of Key Players in U.K. Imaging Services Market

• Alliance Medical
• InHealth Group
• Neuromed Diagnostic Imaging Center
• UNILAB
• Medica Group
• TIC Health
• The radiology Clinic
• Affidea Group
• Vista Health
• Medical Imaging Partnership
• Rutherford Diagnostics

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.

Anti-snoring Devices & Snoring Surgery Market to Reach Around USD 2.65 Billion by 2030: Grand View Research Inc.

 Anti-snoring Devices & Snoring Surgery Market Growth & Trends

The global anti-snoring devices and snoring surgery market size is expected to reach USD 2.65 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to register a significant CAGR of 7.2% over the forecast period. Increasing focus on developing new products in the market by the key players is expected to boost the growth of the market. In addition, the ever-rising cases of snoring issues and sleep apnea are also expected to propel the growth of the market over the forecast period. For instance, according to the American Sleep Association, about 50-70 million U.S. adults have a sleep disorder and 48% of this report snoring.

Various restrictions laid down by the government as an attempt to curb the spread of the COVID-19 virus led to a major loss across the majority of industries. While the restriction on traveling and movement led to a major disruption in the supply of products and services, it also led to reduced patient visits to the hospitals and clinics. Thus, the pandemic had a huge impact on the healthcare industry. The global market felt a slight yet significant negative impact too. The reduced patient visits to the hospitals and clinics further led to a reduced number of patients seeking treatment for snoring. However, with the world returning to normalcy and manufacturers focusing on new and advanced product development, the market is expected to experience considerable growth over the forecast period.

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Anti-snoring Devices & Snoring Surgery Market Report Highlights

• Based on type, the oral appliances/mouthpieces segment dominated the global market in 2021
• The high share of the segment was attributed to the increased adoption of oral appliances/mouthpieces as they are often recommended as the first line of treatment
• The COVID-19 pandemic had a slight negative impact due to reduced patient visits to the hospitals and clinics to seek a proper treatment regime
• With the majority of countries moving towards digital technology and e-commerce, the market players have a higher chance of increasing their product reach and market penetration

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Anti-snoring Devices & Snoring Surgery Market Segmentation

Grand View Research has segmented the global anti-snoring devices and snoring surgery market based on type and region:

Anti-snoring Devices & Snoring Surgery Type Outlook (Revenue in USD Million, 2017 - 2030)

• Oral Appliances/Mouthpieces
• Nasal Devices
• Position Control Devices
• Chin Straps
• Tongue Stabilizing Devices
• EPAP Therapy Devices

Anti-snoring Devices & Snoring Surgery Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Anti-snoring Devices & Snoring Surgery Market

• Apnea Sciences Corp.
• SomnoMed Ltd.
• Airway Management, Inc.
• ResMed Inc.
• Fisher & Paykel Healthcare Corp. Ltd.
• Koninklijke Philips NV
• Sleep Well Enjoy Life, Ltd.
• Tomed Dr. Toussaint GmbH
• MEDiTAS 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.

CNG Powertrain Market to Observe Strong Development by 2030: Grand View Research Inc.

 CNG Powertrain Market Growth & Trends

The global CNG powertrain market size is expected to reach USD 290.09 billion by 2030, as per research conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 17.2% from 2022 to 2030. Increasing pollution from conventional liquid fuel-powered automobiles has created a demand for alternative fuels vehicle with similar performance. Compressed Natural Gas (CNG) powertrain vehicle is a potential substitute as it aids in reducing carbon footprint and achieving net-zero emissions goals. The CNG powertrain vehicle engine functions similarly to the gasoline-powered vehicle and has better efficiency, making it a viable option. 

The prominent players in the market are majorly focusing on the incorporation of advanced technologies into engines. Maruti Suzuki, an Asian player, provides factory-fitted S-CNG technology for its cars. S-CNG technology embodied engines have an intelligent fuel-injection system and an electric control unit, which enables easy switching between petrol and CNG, enhancing the engine performance. The addition of the advanced system to the CNG powertrain engine will increase its mileage, durability, and efficiency, thus resulting in a rising preference for CNG powertrain vehicles over the ICE vehicle. Maruti Suzuki has planned to incorporate fuel flex technology and introduce new models of CNG powertrain vehicles such as Ciaz, Brezza, and Ertiga by 2025. These newly launched CNG vehicles have the potential to replace the existing gasoline-powered fleet in the market.  

The governments are taking various initiatives to raise the adoption of CNG vehicles by increasing investment in building the CNG stations and providing incentives to consumers, which is creating demand for CNG powertrains in the market. For instance, Clean Transportation Program was introduced by California state. Through this program, incentives for the purchase of CNG vehicles are provided to consumers, which is expected to increase the penetration of natural gas such as CNG and LPG fuel vehicles. Additionally, the California state government will be investing $100 million annually to support the innovation and accelerate the development of cleaner advanced technologies for CNG and LPG vehicles. Thus, technological development and increasing adoption of CNG-fueled automobiles among consumers are expected to create new growth opportunities for the market.

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CNG Powertrain Market Report Highlights

• By drive type, the front wheel drive segment dominated the market in 2021. The segment growth is due to its advantageous features such as lightweight, better fuel economy, higher maneuverability, and cost-effectiveness over others
• By vehicle type, the commercial vehiclesegment is expected to witness tremendous growth during the forecast period. The rising government investment to develop CNG infrastructure and various incentives offered to CNG powertrain bus and truck buyers are majorly contributing to segment growth
• Asia Pacific held the largest revenue share of over 65.0% in 2021. Countries such as China, India, and Thailand are being affected by the fluctuating gasoline prices, which is encouraging them to adopt affordable alternative fuels, such as CNG, which is creating demand for CNG powertrain

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CNG Powertrain Market Segmentation

Grand View Research has segmented the global CNG powertrain market based on drive type, fuel type, vehicle type, and region:

CNG Powertrain Drive Type Outlook (Revenue, USD Million, 2018 - 2030)

• All-wheel Drive
• Rear Wheel Drive
• Front Wheel Drive

CNG Powertrain Fuel Type Outlook (Revenue, USD Million, 2018 - 2030)

• Mono Fuel
• Bi-fuel

CNG Powertrain Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)

• Passenger Vehicle
• Commercial Vehicle

CNG Powertrain Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the CNG Powertrain Market

• Cummins Inc.
• AB Volvo
• Robert Bosch GmbH.
• FPT Industrial S.P.A.
• Ford Motor Company
• Maruti Suzuki India Limited
• Volkswagen AG
• Hyundai Motor Company
• Nissan Motor Co., Ltd.
• Honda Motor Company

About Grand View Research

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

Medical Device Cleaning Market Is Expected To Gain Significant Traction Over The Forecast Period

 Medical Device Cleaning Market Growth & Trends

The global medical device cleaning market size is anticipated to reach USD 47.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.5% from 2022 to 2030. Introduction of advanced materials and methods for reprocessing medical devices and increasing adoption of preventive measures to reduce hospital-acquired infection cases are factors driving the market. The COVID-19 pandemic has significantly affected nearly all industries and increased hospitalization rates. As a result, revenue generation of organizations operating in medical device cleaning industry is likely to increase. In ICUs, there has been an increase in the number of patients requiring respiratory treatment, which has led to rise in the use of medical device cleaning.

On the other hand, hospitals are making significant expenditure on enhancing healthcare infrastructure, fueling growth of market. Key manufacturers, on the other hand, are focusing on developing innovative solutions to combat the spread of coronavirus. For example, in April 2020, the FDA approved the use of Steris, maX2, and maX low-V-PRO 1 Plus temperature sterilization equipment in hospitals treating COVID-19 patients to decontaminate roughly 750,000 N95 respirators and comparable masks every day. Therefore, the market is likely to increase during the forecast period due to the rising demand for improved healthcare systems, rising prevalence of chronic diseases, and technological advancements.

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Medical Device Cleaning Market Report Highlights

• On the basis of device, the semi-critical segment held the largest revenue share of 46.0% in 2021. Technological advancements and high accuracy of devices are expected to drive the segment growth
• Based on technique, the disinfection segment held the largest revenue share of 52.3% in 2021, owing to availability of various types of disinfectants specific to different medical devices is an important factor boosting segment growth
• Based on EPA classification, the intermediate level segment held the largest revenue share of over 50.3% in 2021. The increasing prevalence of Hospital-Acquired Infections (HAIs) and the spread of infectious diseases are contributing to segment growth

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Medical Device Cleaning Market Segmentation

Grand View Research has segmented the global medical device cleaning market on the basis of device, technique, EPA classification, and region:

Medical Device Cleaning Device Outlook (Revenue, USD Million, 2017 - 2030)

• Non-critical
• Semi-critical
• Critical

Medical Device Cleaning Technique Outlook (Revenue, USD Million, 2017 - 2030)

• Cleaning
  • Detergents
  • Buffers
  • Chelators
  • Enzymes
  • Others
• Disinfection
  • Chemical
    • Alcohol
    • Chlorine & Chorine Compounds
    • Aldehydes
    • Phenolics
  • Metal
  • Ultraviolet
  • Others
• Sterilization
  • Heat Sterilization
  • Ethylene Dioxide (ETO) Sterilization
  • Radiation Sterilization

Medical Device Cleaning EPA Classification Outlook (Revenue, USD Million, 2017 - 2030)

• High Level
• Intermediate Level
• Low Level

Medical Device Cleaning Regional Outlook (Revenue, USD Million, 2017 - 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 and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in Medical Device Cleaning Market

• Steris plc.
• GetingeAB
• Advanced Sterilization Products
• The Ruhof Corp.
• Sklar Surgical Instruments
• Sterigenics International LLC
• Biotrol
• Metrex Research, LLC
• Oro Clean Chemie AG
• Cantel Medical Corp.
• Ecolab
• 3M

About Grand View Research

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

Global Market For Mineral Supplements to Witness Tremendous Growth and Expansion by 2030

 Mineral Supplements Market Growth & Trends

The global mineral supplements market size is expected to reach USD 17.0 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.4% from 2022 to 2030. The major factor influencing the industry growth is the growing worldwide incidences of chronic diseases such as anemia, osteoporosis, cancer, and diabetes is boosting the growth as these supplements are useful for managing such conditions. The rising adoption of a sedentary lifestyle has led to the rising cases of lifestyle disorders

For instance, as per the report of the National Diabetes Statistics report released in 2022, 11.3% of the overall U.S. population were diagnosed with diabetes. Due to unhealthy dietary habits, the majority of the population is expected to deal with vital nutrient deficiencies, particularly iron and calcium, therefore driving the consumption and demand for nutritional supplementation. Furthermore, an increasing percentage of working- and middle-class people, along with growing disposable income, is projected to boost demand in the coming years. A large percentage of the population is willing to pay more for functional food, which includes nutrient supplementation.

Many key participants are focusing on introducing novel products consisting of new exotic ingredients. Moreover, the growing trend of vegan products is expected to produce new opportunities for the industry. Growing consumer preference for preventive healthcare is also one of the key factors augmenting the product demand. Increasing awareness about the benefits of nutrient supplementation among consumers is further expected to fuel the demand for mineral supplements.

COVID-19 had a favorable impact on market growth since some studies suggested that taking higher dosages of mineral supplements could assist COVID-19 patients lower viral load and reducing hospitalizations. As a result, the population's demand for nutritional supplementation is growing. However, the presence of counterfeit products in the market is expected to hamper the growth.

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Mineral Supplements Market Report Highlights

• The market growth can be attributed to the increasing prevalence of diseases such as osteoporosis, anemia, cancer, and diabetes
• The calcium supplement segment accounted for the largest revenue share of over 25.0% in 2021 as a large percentage of women and the elderly population are suffering from osteoporosis due to calcium deficiency in the body
• Asia Pacific dominated the market with a revenue share of over 50.0% in 2021 owing to the increasing disposable income, increasing prevalence of lifestyle disorders, growing elderly population, and growing adoption of a healthy lifestyle

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Mineral Supplements Market Segmentation

Grand View Research, Inc. has segmented the global mineral supplements market on the basis of supplement and region:

Mineral Supplements Product Outlook (Revenue, USD Million, 2017 - 2030)

• Calcium
• Magnesium
• Iron
• Potassium
• Zinc
• Chromium
• Selenium
• Others

Mineral Supplements End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

Mineral Supplements Formulation Outlook (Revenue, USD Million, 2017 - 2030)

• Capsule
• Tablet
• Powder
• Liquid/Gel
• Others

Mineral Supplements Application Outlook (Revenue, USD Million, 2017 - 2030)

• General Health
• Bone & Joint Health
• Gastrointestinal Health
• Immunity
• Others

Mineral Supplements Sales Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Pharmacies & Drug Stores
• Supermarkets & Hypermarkets
• Online Channels

Mineral Supplements Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Mineral Supplements Market

• Glanbia, plc.
• Abbott
• Nestle
• Biovea
• Herbalife International of America, Inc.
• Sanofi
• Amway
• Bayer AG
• Omega Protein Corporation
• Bio Botanica, Inc.
• Pharmavite LLC
• DSM
• Nu Skin

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.

Point Of Use Water Treatment Systems Market is Expected to Enhance USD 54.5 Billion Revenue By 2030: Grand View Research Inc.

 Point Of Use Water Treatment Systems Market Growth & Trends

The global point of use water treatment systems market size is expected to be valued at USD 54.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 19.0% from 2022 to 2030. Increasing water pollution, coupled with growing awareness regarding a healthy lifestyle, is a key factor propelling the market growth. Increasing adoption of water purifier systems is predicted to drive the global market over the forecast period. Favorable government laws to ensure the supply of clean and potable drinking water are further expected to augment business growth in the coming years.

The increasing demand for clean water, coupled with growing investments to boost efficiency, is likely to provide a boost to the market growth over the forecast period. A significant reduction in the costs of raw materials and components, along with favorable government initiatives, is likely to encourage the growth of the market. Governments across the globe are encouraging wider adoption of water treatment systems to avoid an epidemic of water-borne diseases. For instance, the WHO’s Water, Sanitation and Hygiene (WASH) project initiative has targeted a worldwide elimination of diarrhea and untreated excreta that contaminates groundwater and surface waters used for irrigation, drinking water, household purposes, and bathing.

In terms of technology, reverse osmosis systems held over 30.0% share based on revenue in 2021. Established technology, coupled with the economical costs of units in comparison to other technologies, is predicted to have a positive impact on the growth of the market by 2030. The filtration methods segment size is predicted to be valued at USD 14.0 billion by 2030. Higher efficiency, enhanced capacity, and affordable pricing are projected to boost market growth during the forecast period.

The tabletop pitchers device segment held the largest revenue share of over 30.0% in 2021. Tabletop pitchers are widely adopted owing to the convenient use, coupled with affordable prices and longer shelf life of the product. The faucet mounted filters segment was the second largest segment in 2021. This segment has a large-scale penetration in Indian and African countries mainly due to its affordable pricing and low replacement costs.

According to the Water and Wastewater Equipment Manufacturers Association (WWEMA), the economic impact of rising inflation and commodity prices (such as steel) and labor shortage had adversely impacted the market. In the U.S., supply chain disruption during the COVID-19 pandemic resulted in fewer installations and lower service schedules, which was exacerbated by a lack of personnel, vehicles, and drivers to transfer cargo from the ports.

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Point Of Use Water Treatment Systems Market Report Highlights

• In terms of value, the U.S. market is predicted to expand at a revenue-based CAGR of 17.4% over the forecast period. Favorable government regulations, coupled with financial benefits, are predicted to boost business growth over the forecast period
• In 2021, the U.K. market demand was 20.5 million units. Under the sink filters are more prevalent in the U.K., given the advanced aesthetic sense prevalent among the customers in the country
• The Indian market size is likely to be valued at USD 4.2 billion by 2030. India is one of the largest markets as it is the second most populated country in the world

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Point Of Use Water Treatment Systems Market Segmentation

Grand View Research has segmented the global point of use water treatment systems market on the basis of technology, application, device, and region:

Point Of Use Water Treatment Systems Technology Outlook (Volume, Million Units; Revenue, USD Billion, 2018 - 2030)

• Reverse Osmosis Systems
• Distillation Systems
• Disinfection Methods
• Filtration Methods

Point Of Use Water Treatment Systems Application Outlook (Volume, Million Units; Revenue, USD Billion, 2018 - 2030)

• Residential
• Non-residential

Point Of Use Water Treatment Systems Device Outlook (Volume, Million Units; Revenue, USD Billion, 2018 - 2030)

• Tabletop Pitchers
• Faucet Mounted Filters
• Countertop Filters
• Under the Sink Filters

Point Of Use Water Treatment Systems Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Point Of Use Water Treatment Systems Market

• 3M
• Koninklijke Philips N.V.
• Pentair
• Panasonic Holdings Corporation
• Unilever
• LG Electronics
• EcoWater Systems LLC
• O. Smith
• Culligan

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.

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.