Healthcare Smart Contract Market is Projected to Boost USD 7.83 Billion by 2030: Grand View Research Inc.

 Healthcare Smart Contract Market Growth & Trends

The global healthcare smart contracts market size is expected to reach USD 7.83 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.5% from 2022 to 2030. Key benefits offered by technology such as decentralized management, data provenance, robust data, traceable data drive the market. Increasing businesses demand the requirement to bring revolutionary changes in all the aspects of their businesses as technology and time progress. When it comes to the health care field, the urgency of growth escalates to higher levels. Quality healthcare services supported with the modern technology is the need. Furthermore, the healthcare system landscape is shifting to a more patient-centric approach. Thus, aforementioned factors expected to adopt the smart contract during the forecast period.

Besides, the COVID-19 pandemic has showed the restrictions in existing healthcare systems to handle patient records securely and transparently, and innovative protocols are essential to address such shortcomings. Application of Blockchain technology is gaining traction in healthcare and can alleviate these issues. For instance, a study published in January 2022 demonstrated that securely and quickly storing and retrieving COVID-19-related health information using smart contracts with the Ethereum blockchain allows the patient information protection while enabling more efficient research and communication. Thus, an attractive option of smart contracts to safeguard the storage of medical records and associated data logs will support the market growth.

According to Forbes, pharmaceutical corporations incur an estimated $200 billion annual loss owing to counterfeit drugs globally. Thus, adoption of Smart Contracts technology which is likely to trace drugs over their whole life cycle is expected to boost during the forecast timeline. Moreover, the corporations are utilizing digital technology to mitigate such issues, which in turn, supports market growth. For instance, the solution Merck KGaA are developing offers a framework to produce digital trust by simply transforming human trust in quality control into a more effective machine-to-machine (M2M) interaction. Its new, multi-patented technology, which is built on numerous blockchain layers, digital certificates, crypto anchors, and smart contracts will offer one “single source of truth”.

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Healthcare Smart Contract Market Report Highlights

• Ethereum held the largest revenue share in 2021. This type of blockchain can work with both external owned accounts and internal contract accounts
• Under the application, Supply Chain Management held the major share in 2021. The growth can be attributed to increasing awareness and demand for superior drugs
• Healthcare Payer showed the fastest growing market owing to broad range of technology uses and applications of technology in healthcare
• North America is expected to emerge as the second largest dominating region in this market space. The U.S. is observed to have highest number of companies dealing in this space, which in turn, has contributed to the large share of regional market
• The market is highly competitive in nature. In November 2018, Change Healthcare and TIBCO Software have publicized a partnership to build the first healthcare smart contract system, using the TIBCO's smart contract developer project, “Project Dovetail” and Change Healthcare Intelligent Healthcare Network blockchain technology

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Healthcare Smart Contract Market Segmentation

Grand View Research has segmented the global Healthcare Smart Contract Market based on blockchain type, application, end-use, and region:

Healthcare Smart Contract Blockchain Type Outlook (Revenue, USD Million, 2017 - 2030)

• Hyperledger Fabric
• MultiChain56
• Ethereum
• Others

Healthcare Smart Contract Application Outlook (Revenue, USD Million, 2017 - 2030)

• Data Exchange and Interoperability
• Clinical Trials
• Supply Chain Management
• Claims Adjudication and Billing Management
• Others

Healthcare Smart Contract End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Healthcare Provider
• Healthcare Payer
• Drug and Medical Device Companies
• Others

Healthcare Smart Contract Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Healthcare Smart Contract Market

• IBM
• ScienceSoft USA Corporation
• Blockchain AI Solutions Ltd (FarmaTrust)
• SmartData Enterprises
• ION Medical Safety
• Aetsoft Inc.
• Apriorit
• ELEKS
• Medicalchain 
• PokitDok

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.

Veterinary Prosthetics & Orthotics Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 Veterinary Prosthetics & Orthotics Market Growth & Trends

The global veterinary prosthetics & orthotics market size is anticipated to reach USD 68.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a significant CAGR of 8.9% from 2022 to 2030. Some of the drivers attributing to the market growth include rising pet dog ownership, the number of veterinary surgeries across the globe, initiatives by key companies, and orthopedic disorders in pet dogs. For injured animals, the use of orthoses (braces) and prostheses is becoming more widespread. Any medical device that is fastened to the body to provision, position, immobilize, prevent or correct deformity, help weak muscles, or increase function is referred to as an orthosis. Prosthetics are also medical devices that are used to replace a missing or severed leg section.

The COVID-19 pandemic led to a decrease in revenue for market players in the veterinary prosthetics & orthotics market. This was due to cancellation or delay in elective surgical procedures during 2020. Other challenges faced by key companies included logistical bottlenecks and dampened demand. The market, however, recovered gradually to pre-COVID numbers during 2021. In addition, the COVID-19 pandemic has catalyzed pet ownership according to findings of the Pet Food Manufacturers Association (PFMA), U.K. This is expected to contribute to market growth. The findings of the two surveys conducted in 2020 by the PFMA during the COVID-19 crisis confirmed a surge in pet ownership in the U.K. Around 3.2 million households or 11% of people brought home a pet since the start of the pandemic.

The market is predicted to rise due to factors such as the increased prevalence of obesity and the growing pet population. According to the American Pet Products Association's (APPA) 2019-2020 National Pet Owners Survey, 67% of households, or about 85 million families, in the U.S. have a pet. Furthermore, there has been a large increase in the worldwide animal population, which is expected to push the market studied in the future. According to the Department of Environment, Food and Rural Affairs' Farming Statistics 2018, the U.K. had 9.6 million cattle and calves in 2018. According to data provided by the United States Department of Agriculture, there were approximately 7.9 million cows and calves in Mexico in 2019, up from 7.7 million in 2018.

Other factors expected to fuel market expansion include increased spending on companion animals, increased availability of therapeutic choices for animals, and increased awareness in the region. Expanding adoption of companion animals and increased awareness of animal prostheses in countries like Spain, Germany, and Canada have enormous growth potential during the predicted period. 

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Veterinary Prosthetics & Orthotics Market Report Highlights

• The veterinary prosthetics & orthotics market was valued at USD 32.3 million in 2021 and is expected to grow at a CAGR of 8.9% during the forecast period
• The rising prevalence and incidence of sports injuries and trauma in pet dogs is one of the key contributing factors to market growth
• The canine segment held the largest share of the market by product type in 2021. The key factors driving market expansion are technological advancements in prostheses and increased adoption rates
• In December 2020, L'il Back Bracer launched a new dog back orthotic called the Haute L'il Back Bracer which drives the market growth
• The technique segment was dominated by 3D printingin 2021 owing to the growing use of 3D printing
• 3D printing represented the largest share of the market in 2021 by technique

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Veterinary Prosthetics & Orthotics Market Segmentation

Grand View Research has segmented the veterinary prosthetics & orthotics market based on type, animal type, technique, and region:

Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Orthotics
  • Stifle braces
  • Carpal/Tarsal braces
  • Others
• Prosthetics

Animal Type (Revenue, USD Million, 2017 - 2030)

• Canine
• Feline
• Others

Technique (Revenue, USD Million, 2017 - 2030)

• Molding
• 3D Printing

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

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• ROW

List of Key Players in the Veterinary prosthetics & orthotics market

• OrthoPets LLC.
• Animal Ortho Care
• Handicapped Pets
• My Pet's Brace
• K-9 Orthotics & Prosthetics, Inc.
• DePuy Synthes
• Petsthetics
• Doggon Wheels
• Best Friend Mobility
• Movora

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.

Polyurethane Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Polyurethane Market Growth & Trends 

The global polyurethane market size is expected to reach USD 105.45 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.3% from 2022 to 2030. The market is driven by the growing need for high-performance and lightweight composites in the automotive industry. The use of thermoplastic polyurethane (TPU) in car components has significantly reduced total vehicle weight. The automobile industry's need for plastics has been driven by the need to reduce total vehicle weight in order to reduce fuel consumption and carbon emissions. As an alternative to metals, PU is frequently utilized in automobile applications such as engine encapsulation, seats, external panels, instrument panels, external panels, and cables and wires.

Automobile manufacturers have been obliged to look for new ways to reduce fuel consumption as the Corporate Average Fuel Economy (CAFE) has increased. Due to the intrinsic relationship between mass and fuel consumption, light weight is a critical issue in these standards. Additionally, the reduction in mass at unfastened locations reduces noise and vibration while also smoothing the ride. Automobile manufacturers are primarily focused on car components made of various types of plastics in order to improve vehicle performance and follow the trend of lightweight vehicles.

Plastics are increasingly being used in automobile components such as automotive interiors, exterior panels, engine cabins, and instrument panels to improve fuel efficiency. Plastics can help reduce total vehicle weight and achieve the necessary fuel economy when used instead of metal components. This tendency, together with rising vehicle production, is predicted to boost polyurethane demand in applications such as engine encapsulation, outer body panels, and interior panels.

The COVID-19 pandemic had a significant impact on vehicle production and caused disruption throughout the automotive value chain. The market for polyurethane in automotive applications is projected to be impacted by a slowdown or standstill in production activity, negative consumer sentiments, and decreased consumer demand due to COVID-19.

During the forecast period, the electronics and appliances application segment is expected to increase at a significant rate. Protective coverings, printed circuit boards, electrical housings, and other items are made of polyurethane. While delivering outstanding general performance in electrical equipment, polyurethane enables cheaper unit costs and faster manufacturing. A key reason driving polyurethane demand in electronics and appliances is the growing relevance of encapsulating electronic components like circuits and sensors.

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Polyurethane Market Report Highlights

• The rigid foam product segment accounted for the largest revenue share in 2021 and is expected to witness prominent growth during the forecast period
• The construction application segment dominated the global market and accounted for more than 25.0% share of the global revenue in 2021
• The Asia Pacific accounted for the largest revenue share of more than 40.0% in 2021. The strong manufacturing bases of the automotive, electronics, and appliances industries in China, India, South Korea, and Japan are expected to boost the market growth in the near future
• Over the last years, a number of strategic efforts have been implemented in order to improve market growth. For instance, on October 22, 2021, Huntsman International LLC launched a new range of low-emission MDI-based foam systems for automotive interiors; the ACOUSTIFLEX LE and RUBIFLEX LE polyurethane product lines. This product innovation enabled the automotive formulators and foam manufacturers to produce high-performance polyurethane foams, while significantly reducing interior emission levels

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Polyurethane Market Segmentation

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

Polyurethane Product Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

Polyurethane Application Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• Furniture & Interiors
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others

Polyurethane Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

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

List of Key Players of the Global Polyurethane Market

• Dow Inc.
• BASF SE
• Covestro AG
• Huntsman International LLC
• Eastman Chemical Company
• Mitsui & Co. Plastics Ltd.
• Mitsubishi Chemical Corporation
• Recticel NV/SA
• Woodbridge
• DIC Corporation
• RTP Company
• The Lubrizol Corporation
• RAMPF Holding GmbH & Co. KG
• Tosoh Corporation

About Grand View Research

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

Global Oral Care Market to Reach Around USD 58.5 Billion by 2030: Grand View Research Inc.

 Oral Care Market Growth & Trends

The global oral care market size is expected to reach USD 58.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2022 to 2030. Growing cases of dental caries and rising awareness among people regarding oral hygiene have contributed to the market growth. According to FDI World Dental Federation, oral diseases affect around 3.5 billion people worldwide and it is estimated that around 2.3 billion people suffer from dental caries (tooth decay) of permanent teeth, globally. The lack of a proper diet is one of the leading factors contributing to the increase in the number of dental problems worldwide. Proper brushing of the teeth using toothpaste containing fluoride and a toothbrush can hinder dental problems to a significant extent, thereby creating demand for these products.   

Various awareness programs initiated by major players have led to increased awareness regarding oral hygiene among people of both developed as well as developing countries. For instance, the BRIGHT SMILES, BRIGHT FUTURES program by Colgate-Palmolive Company has been proactively involved in providing dental screenings and spreading oral health education with over billions of children and their families in many countries benefited from it. Thus, such support and initiatives have played a significant role in creating awareness among consumers worldwide about the importance of oral and dental hygiene. Furthermore, bringing new products into the market is another significant driver influencing the demand for oral care products. The launch of advanced products, such as powered toothbrushes and toothpaste, has transformed the market. In December 2020, P&G’s Crest, Oral-B, and Blend-a-med announced the launch of its first-ever recyclable high-density polyethylene toothpaste tubes in Europe and North America.

The COVID-19 pandemic has significantly affected the market. Initially, due to lockdown and global restrictions being imposed in most countries, many dental treatments and procedures were halted. The COVID-19 pandemic initially caused a massive disruption in the supply chain of the overall medical industry. However, leading personal care players such as Colgate-Palmolive Company; Johnson & Johnson Services, Inc.; and Procter & Gamble witnessed a rise in their sales from the oral care segment as consumer focus on hygiene is growing.

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Oral Care Market Report Highlights

• In 2021, the toothpaste product segment dominated the market with a revenue share of over 25.0% due to the increase in the number of people using different forms of toothpaste
• The toothbrush product segment is expected to grow at the fastest rate during the forecast period. The availability of a wide range of advanced and innovative products, such as battery-powered and electric toothbrushes, is fueling the segment growth
• The Asia Pacific held the largest market share in 2021 and is also projected to be the fastest-growing segment during the forecast period. This is due to the rising awareness about oral health among people in developing countries, such as India and China
• Leading players are coming up with easy-to-use and innovative oral care products, which has increased the adoption of oral care products at home

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Oral Care Market Segmentation

Grand View Research has segmented the global oral care market based on product, product type, application, distribution and region:

Oral Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Toothbrush           
  • Manual
  • Electric (Rechargeable)
  • Battery-powered (Non-rechargeable)
  • Others
• Toothpaste
  • Gel
  • Polish
  • Paste
  • Powder
• Mouthwash/Rinse
  • Medicated
  • Non-medicated
• Denture Products 
  • Cleaners
  • Fixatives
  • Floss
  • Others
• Dental Accessories          
  • Cosmetic Whitening Products
  • Fresh Breath Dental Chewing Gum
  • Tongue Scrapers
  • Fresh Breath Strips
  • Others
    • Oral Irrigators
    • Mouth Freshener Sprays

Oral Irrigator Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Countertop
• Cordless

Oral Irrigator Application Outlook (Revenue, USD Million, 2018 - 2030)

• Home
• Dentistry

Oral Irrigator Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hypermarkets/Supermarkets
• Specialty Stores 
• Drug Stores & Pharmacies
• Convenience Stores
• Online Retailers
• Other Sales Channel

Oral Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Oral Care Market

• Procter & Gamble Company
• Johnson & Johnson Services, Inc.
• Colgate-Palmolive Company
• GlaxoSmithKline plc.
• Church & Dwight Co., Inc.
• Fresh, LLC
• Dentaid
• Lion Corporation
• Sunstar Suisse S.A.
• Henkel AG & Co. KGaA
• Unilever PLC
• DABUR INDIA LTD.
• ULTRADENT PRODUCTS

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-drone Market Trends, Growth Prospects To 2030: Grand View Research Inc.

 Anti-drone Market Growth & Trends

The global anti-drone market size is anticipated to reach USD 10.5 billion by 2030, registering an estimated CAGR of 28.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The use of drones is getting more normal which increases the risk of security and privacy. These threats are faced by both civilians and military personnel as drones can be remotely operated and even unauthorized unmanned vehicles.

Sensitive military areas require anti-drone systems to protect them from any terrorism or illegal activities. The ease of access of small-sized drones has caused a significant increase in the market investment for the anti-drone equipment.

The sale of remote-controlled drones is legally based on location; however, there are many strict no-fly zones that the common public is unaware of. However, the threat of spy attacks and other types of attacks is higher for the regular public, military, and government.

The anti-drone market helps governments identify, locate, and destroy illegal drones either via software or direct launches. Government institutions, private enterprises, and military forces are the major clients of the anti-drone market. This market is also responsible for assisting the government in various public safety operations.

The anti-drone market uses a combination of modern technology and hardware in its product offerings. For instance, in October 2021, U.S. Homeland Security struck a deal with Drone Shield Ltd. and purchased drones with on the move attack technology from them. It has also been observed that the military also invests a large amount of money in the research and development of anti-drone systems making them a significant part of the anti-drone market.

The North American region generated the largest market share for the anti-drone market in 2021 as a direct result of the heavy investment in military and defense. It has been observed that multiple start-ups are providing custom and out of the box solutions in the anti-drone market.

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Anti-drone Market Report Highlights

• Due to the commercialization of drones, there has been an increase in small sized drones which are being used for illegal and/or terrorist activities
• The military and defense segments are investing heavily in the anti-drone market to counter the threat from unmanned aerial vehicles and other drone attacks
• Advancements in technologies in the anti-drone market allow users to bring down suspicious drones in one piece for further investigation and identification
• The anti-drone market in the Asia Pacific region is predicted to experience considerable growth as countries in that region are spending heavily on defense and military operations along with expansions

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Anti-drone Market Segmentation

Grand View Research has segmented the global anti-drone market based on the  mitigation type, defense type, end use, and region:

Anti-drone Mitigation Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Destructive System
  • Laser System
  • Missile Effector
  • Electronic Countermeasure
• Non-destructive System

Anti-drone Defence Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Drone Detection & Disruption Systems
• Drone Detection Systems

Anti-drone End-Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Military & Defence
• Commercial
• Government
• Others

Anti-drone Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of the major players in the global Anti-drone Market include

• Advanced Radar Technologies S.A.
• Airbus Group SE
• Blighter Surveillance Systems
• Dedrone
• DeTect, Inc.
• Drone shield LLC
• Enterprise Control Systems
• Israel Aerospace Industries Ltd. (IAI)
• Lit eye Systems, Inc.
• Lockheed Martin Corporation
• Orelia
• Prime Consulting and technologies
• Raytheon Company
• Saab Ab
• Selex Es Inc.
• Thales Group
• The Boeing 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.

Pharmacovigilance And Drug Safety Software Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2030

 Pharmacovigilance And Drug Safety Software Market Growth & Trends

The global pharmacovigilance and drug safety software market size is anticipated to reach USD 17.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 10.5% from 2022 to 2030. The key factors driving the market growth include the increasing need to track and manage adverse drug reactions (ADR), comply with regulatory norms, increase adoption by end-users, interoperability, and product upgrades by key companies. In February 2022, Oracle’sArgus (for safety management) and Clinical One (for clinical trial management) were implemented by Clinixir—a Thailand-based CRO.

Various end-users such as pharmaceutical, and biotechnology companies, are adopting pharmacovigilance and drug safety software for cost reduction and minimizing operational expenses by gradually shifting from being fully integrated pharmaceutical companies to sharing costs by collaborating with service providers. Outsourcing helps increase internal resource flexibility, improves timelines, and results in better outcomes in the short as well as long term. Outsourcing also helps achieve better pharmacovigilance (PV) through regulatory compliance, higher quality, better productivity, and improved strategic outcomes. This is expected to fuel market growth.

Pharmacovigilance and drug safety software vendors, in an attempt to ensure sustainability, are providing customized and end-to-end solutions to meet consumer needs. These vendors are also incorporating integrated technologies such as electronic data capture, AI, and interoperability, among others to enhance their offerings. Moreover, the combined pressures of volume, cost, and heightened demand for analytics are propelling industry stakeholders to adopt advanced technology to support their pharmacovigilance activities. Also, the fact that service providers are now operating via a flexible and variable pricing structure and achieving operational excellence through constant product updates is expected to boost usage rates over the forecast period.

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Pharmacovigilance And Drug Safety Software Market Report Highlights

• The market was valued at USD 6.7 billion in 2021 and is expected to expand at a CAGR of 10.5% during the forecast period
• By functionality, the signal management segment held the largest revenue share in 2021. This growth is driven by the increasing use of machine learning and AI in signal detection and reporting
• Based on delivery mode, the on-demand segment dominated the market in 2021. This is owing to the greater flexibility offered by an on-demand software in terms of price, functionality, and scalability
• Based on end-use, the CROs and BPO segments are slated to witness lucrative growth owing to increasing adoption by outsourcing companies to curb healthcare costs
• By region, North America dominated the market in 2021 while the APAC market is anticipated to grow the fastest in the coming years. Asian countries, especially India and China, are also expected to observe remarkable growth in the coming years
• The market is relatively competitive owing to the presence of global multinational players. It is also consolidated to a certain extent with large multinational companies holding a notable share of the market

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Pharmacovigilance And Drug Safety Software Market Segmentation

Grand View Research has segmented the global pharmacovigilance and drug safety software market based on functionality, delivery mode, end-use, and region:

Pharmacovigilance And Drug Safety Software Functionality Outlook (Revenue, USD Million, 2017 - 2030)

• Case Processing
• Signal Management
• Safety Metrics & Others

Pharmacovigilance And Drug Safety Software Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premise
• On-Demand

Pharmacovigilance And Drug Safety Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Pharma & Biotech Companies
• CRO
• BPO
• Others

Pharmacovigilance And Drug Safety Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Pharmacovigilance And Drug Safety Software Market

• IQVIA
• Accenture
• Cognizant
• Laboratory Corporation of America Holdings
• IBM
• ArisGlobal
• ICON Plc.
• Capgemini
• Oracle
• Parexel International Corporation

About Grand View Research

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

Real World Evidence Solutions Market to Reflect a Holistic Expansion During 2022 to 2030: Grand View Research Inc.

 Real World Evidence Solutions Market Growth & Trends

The global real world evidence solutions market size is expected to reach USD 78.80 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2022 to 2030. The key factors driving the real world evidence (RWE) solutions market include favorable government regulations and a shift from volume to value-based care. Furthermore, the increasing prevalence of chronic disorders is anticipated to positively influence market growth.

During the pandemic, companies in the RWE solutions market diverted their focus on providing solutions for curbing the spread of COVID-19. For instance, IBM collaborated with Salesforce for building digital health passes, which incorporated data such as vaccine status, temperature checks, and COVID-19 test results for helping organizations to reopen safely. It also partnered with ServiceNow on Watson AIOps for supporting it to continue its leadership in transformative artificial intelligence by helping clients automate IT operations and reduce risks.

According to PerkinElmer, real world evidence solutions offer around USD 300 to 500 Billion in top-down opportunity for the U.S. healthcare industry alone. In addition, many life science companies are witnessing ad hoc value from selected RWE case studies and demonstrating around USD 100 million of bottom-up impact. Therefore, if a company captures USD 1 billion in real world evidence value, it ultimately creates more than USD tens of billions in terms of healthcare improvements. This is anticipated to boost the market growth.

The adoption and usage of RWE solutions are higher in developed markets of North America and Europe owing to supportive initiatives by legal, government, and other regulatory bodies. For instance, in October 2021, FDA selected the Aetion Evidence Platform to use RWE to analyze COVID-19 interventions and further regulatory science and innovation. Initiatives by regulatory agencies are supporting the expansion of RWE from post-market safety monitoring to other applications, such as for clinical trial design and observational studies and to substantiate coverage decisions.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, to maintain a competitive edge in the market. For instance, in August 2021, Syneos Health partnered with Action for offering RWE solutions for advanced drug development and commercialization. This partnership brought together Syneos Health’s proprietary data collection research solutions and Aetion’s Evidence platform, AEP, for generating evidence through patient data curation and real world data.

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Real World Evidence Solutions Market Report Highlights

• Favorable government initiatives and a shift from volume to value-based care are expected to boost the market growth
• The services component segment led the market in 2021 owing to its increasing demand over the forecast period
• The drug development and approvals application segment dominated the market in 2021 owing to the rising adoption of RWE solutions in pharmaceutical companies for this application
• The healthcare payers' end-user segment is anticipated to expand at the fastest CAGR over the forecast period owing to the increasing awareness among payers regarding drug and medical device safety
• North America led the global market in 2021 with a revenue share of more than 40.0% owing to the presence of major players in the region
• Asia Pacific is expected to be the fastest-growing regional market from 2022 to 2030 owing to the presence of contract research organizations in the region
• The market is fairly competitive. For instance, in April 2021, Thermo Fisher Scientific announced that it is set to acquire PPD, Inc. for USD 47.50 per share

Access Press Release@ https://www.grandviewresearch.com/press-release/global-real-world-evidence-solutions-market

Real World Evidence Solutions Market Segmentation

Grand View Research has segmented the global real world evidence (RWE) solutions market based on component, application, end-user, and region:

Real World Evidence (RWE) Solutions Component Outlook (Revenue, USD Million, 2017 - 2030)

• Services
• Data Sets
  • Clinical Settings Data
  • Claims Data
  • Pharmacy Data
  • Patient-Powered Data

Real World Evidence Solutions Application Outlook (Revenue, USD Million, 2017 - 2030)

• Drug Development & Approvals
• Medical Device Development & Approvals
• Reimbursement/Coverage & Regulatory Decision Making
• Post Market Safety & Adverse Events Monitoring

Real World Evidence Solutions End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Pharmaceutical & Medical Device Companies
• Healthcare Providers
• Healthcare Payers
• Others

Real World Evidence Solutions 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
• MEA
  • South Africa
  • Saudi Arabia
  • Israel

List of Key Players of Real World Evidence Solutions Market

• IQVIA
• IBM
• PPD Inc.
• Parexel Internation Corporation
• PerkinElmer Inc.
• Icon Plc
• Oracle
• Syneos Health
• Cegedim Health Data
• Medpace

About Grand View Research

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

Retail Logistics Market Top Players, Segments, Cost Structure, Demand, Sales | 2030 Forecast

 Retail Logistics Market Growth & Trends

The global retail logistics market size is anticipated to reach USD 639.14 billion by 2030, registering a CAGR of 12.3% over the forecast period, according to a new report by Grand View Research, Inc. The growth is likely to be fueled by new last-mile delivery methods in the retail e-commerce market and the introduction of IoT in the supply chain. An IoT-based supply chain links multiple technological devices with the help of sensors, allowing real-time data collection on various vital factors like filing rate and temperature.

Customers benefit from technological advancements such as intelligent distribution robots and autonomous items and sorting systems, which usher in a new era of smart logistics. Because most of the links in the new retail format have been digitalized and are available in real-time, combined with the use of new technologies such as big data and AI, companies can comprehend the genuine demands of customers faster and more accurately. It's also utilized to help with supply chain optimization and upgrades.

Furthermore, to upgrade existing retail formats, retail companies and traditional distribution channels must focus on B2B wholesale distribution, self-service vending machines, B2C e-commerce, and O2O. Additionally, factors including expanding globalization, an increase in international retailing, and an improvement in the economy due to increased tax revenue from goods exported and imported are predicted to help the retail logistics industry's growth in the forthcoming years.

The rapid expansion of retail e-commerce has created several opportunities for both new and established firms in the market. However, retail e-commerce has faced several operational and financial issues in recent years. Return shipments are becoming a significant element of logistics processes, posing operational issues and the potential to reduce logistical costs. Moreover, poor infrastructure can stifle market growth by making market participants hesitant to expand and spend.

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Retail Logistics Market Report Highlights

• Due to rising internet penetration and increased worldwide trade activities, the retail logistics industry is expected to develop significantly during the projected period
• The conventional retail logistics segment held a significant market share in 2021, owing to the increased inclination of customers that have minimal Internet reliance and prefer to shop in traditional retail stores
• The supply chain solution segment held a significant market share in 2021 due to the augmented adoption of cloud-based supply chain solutions, allowing retail companies to track and optimize transportation and manage returns
• Based on the mode of transport segment, the roadways segment held the largest market share in 2021, owing to the increased demand for road vehicles in long-distance retail product delivery, particularly in domestic regions
• In terms of revenue, the Asia Pacific region led the market in 2021 and is projected to grow significantly during the forecast period. The presence of a significant consumer base for retail items is accelerating the expansion in the region
• The principal strategies of the leading market companies include partnership, collaboration, and company expansion

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

Retail Logistics Market Segmentation

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

Retail Logistics Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Conventional Retail Logistics
• E-commerce Retail Logistics

Retail Logistics Solution Outlook (Revenue, USD Billion, 2017 - 2030)

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

Retail Logistics Mode of Transport Outlook (Revenue, USD Billion, 2017 - 2030)

• Railways
• Airways
• Roadways
• Waterways

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

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

List of Key Players in the Retail Logistics Market

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

About Grand View Research

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

Global Demand for Legal Services Market Increasing in Most Part of World 2030

 Legal Services Market Growth & Trends

The global legal services market size is anticipated to reach USD 1.36 trillion by 2030, exhibiting a CAGR of over 5.3% during the forecast period, according to a new report by Grand View Research, Inc. The increasing use of the latest technologies in offering legal services is projected to drive market growth. A strong significance of transparency in the relationship with customers is also projected to drive the development of the market.

Chatbots are increasingly adopted by law firms to help them optimize their work processes and save money and time for themselves and their clients. Chatbots can assist law companies with a variety of activities, including digitization of data and searching for lawyer-specific documents, and other tasks. Chatbots can also assist in the follow-up of non-responsive clients and the gathering of essential information via automated conversations.

Law companies are seeking different ways to assist their clients in minimizing risks and compliance costs by assisting them in better managing information, creating the path for the adoption of document automation software in legal services. End-users are guided through a questionnaire to gather necessary data and direct them through the entire document formation process via document automation software. End-users are relieved of the time-consuming task of deciphering the document's terminology with this method.

Social networking has the potential to completely change the way legal services are delivered. As a result, law professionals are using a variety of social media tools to perform a plethora of legal tasks even while pursuing their career aspirations. Social networking platforms, including Facebook, Twitter, and LinkedIn are predominantly helping law professionals in connecting with a larger audience.

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Legal Services Market Report Highlights

• The corporate segment is projected to be the leading service segment during the forecast period, as arguments over harassment of employees, and organizational discrimination audits, and copyright violation & patent infringement continue to rise.
• Due to expanded opportunities for attorneys in both large and small and mid-sized businesses, the private practicing attorneys’ segment is predicted to grow significantly throughout the forecast period.
• Law firms are modifying their hiring practices to meet the changing needs of their customers.
• Law firms are partnering with professional service providers to deliver unified diverse services to their clients.

Access Press Release@ https://www.grandviewresearch.com/press-release/legal-services-market

Legal Services Market Segmentation

Grand View Research has segmented the global legal services market based on services, firm size, provider, and region:

Legal Services Outlook (Revenue, USD Billion, 2018 - 2030)

• Taxation
• Real Estate
• Litigation
• Bankruptcy
• Labor/Employment
• Corporate

Legal Services Firm Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Firms
• Medium Firms
• Small Firms

Legal Services Provider Outlook (Revenue, USD Billion, 2018 - 2030)

• Private Practicing Attorneys
• Legal Business Firms
• Government Departments
• Others

Legal Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of the Global Legal Services Market

• Baker & McKenzie
• Clifford Chance LLP
• Deloitte
• DLA Piper
• Ernst & Young (E&Y)
• Kirkland & Ellis LLP
• KPMG
• LATHAM & WATKINS LLP
• PwC
• Skadden, Arps, Slate, Meagher & Flom LLP

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.

Patient Positioning Systems Market Plying for Significant Growth During 2022-2030: Grand View Research Inc.

 Patient Positioning Systems Market Growth & Trends

The global patient positioning systems market size is expected to reach USD 1.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2022 to 2030. This market is expected to witness lucrative growth owing to rising awareness about and surging expenditure on diagnostic procedures. In addition, the increasing prevalence of cancer and the rising geriatric population are expected to assist in market growth.

The COVID-19 pandemic has made unprecedented consequences on daily lives in addition to the worldwide economy. A significant burden is formed on healthcare systems across the globe. Currently, as the pandemic starts to subside, governments of various countries are focusing on recognizing the cracks in their healthcare infrastructure and are taking initiatives to bolster the same. The market is projected to benefit from this up-gradation of healthcare establishments across the world. For instance, in December 2020, Victorian hospitals received financial support to upgrade infrastructure and equipment.

According to the WHO, Cancer is a leading cause of death globally, reporting for almost 10 million deaths in 2020, or nearly one in six deaths. While as per the National Cancer Institute statistics, there were approximately 16.9 million cancer survivors in the U.S. as of January 2019. The number of cancer survivors is expected to increase to 22.2 million by 2030. The most common types of cancer are breast cancer, prostate cancer, and colon and rectum cancer. This steady increase in disease prevalence acts as a driver for R&D investments in the industry. An increase in innovation has resulted in improved efficiency and accuracy of these systems in cancer therapy. These products keep patients immobile yet comfortable during radiotherapy. This is anticipated to supplement industry growth.

Rising expenditure on diagnostics procedures has been a strong force driving demand in the market. According to research published by NCBI, the majority of oncologists and cardiologists in the U.S. and Germany prescribe diagnostics tests and choose a treatment plan only after studying test results. Thus, the demand for diagnostics tests is increasing globally.

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Patient Positioning Systems Market Report Highlights

• By product, the tables segment held a lucrative market share in 2021, owing to the increasing prevalence of cancer and the rising number of surgeries performed
• In terms of application, the surgery segment is expected to account for the dominant market share on account of the rising incidence of cancer, globally
• By end-use, the ambulatory segment is expected to register the highest growth over the forecast period owing to an increase in precision of minimally invasive technologies
• North America is projected to dominate the market over the forecast period due to the presence of a large number of diagnostic centers
• The market is fragmented with many big and small industry players. Key players are adopting business strategies such as business expansion, joint ventures, and others
• In October 2021, Esaote, an Italian company in the biomedical sector entered the world of total body magnetic resonance imaging with the novel system called “Magnifico Open”. The open magnet and easy-to-access patient table enable fast and comfortable patient positioning

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

Patient Positioning Systems Market Segmentation

Grand View Research has segmented the global patient positioning systems market based on product, application, end-use, and region:

Patient Positioning Systems Product Outlook (Revenue, USD Million, 2017 - 2030)

• Tables
• Accessories

Patient Positioning Systems Application Outlook (Revenue, USD Million, 2017 - 2030)

• Surgery
• Diagnostics
• Others

Patient Positioning Systems End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospital
• Ambulatory Centers
• Others

Patient Positioning Systems Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Patient Positioning Systems Market

• Medtronic
• Hill-Rom Holdings, Inc.
• Stryker Corporation
• Medline Industries
• Skytron, LLC
• Smith & Nephew
• STERIS plc
• Mizuho OSI
• LEONI AG
• OPT SurgiSystems Srl

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.