Industrial Coatings Market Get Facts About Business Strategies 2022 to 2030: Grand View Research Inc.

 Industrial Coatings Market Growth & Trends

The global industrial coatings market size is expected to reach USD 112.22 billion by 2030, registering a CAGR of 3.5% during the forecast period, according to a new study by Grand View Research, Inc. Increasing product demand from the aerospace, electronics, power generation, mining, marine, oil & gas, automotive & refinish industries is expected to propel the market growth. Industrial coatings are widely used in general industrial applications, such as in heat exchangers, steel structures, containers, concrete, furniture, appliances, material handling equipment, and others to protect them from heat and humidity. These coatings also help protect equipment against chemical attack, abrasion, and corrosion, thereby improving product efficiency.

Rapid industrialization in economies, such as India, China, and Brazil, is also expected to provide new opportunities for the market. The presence of a large number of manufacturers is also projected to fuel the product demand from general industrial applications. The acrylic product segment is estimated to register the fastest CAGR from 2022 to 2030. On account of good adhesion, corrosion resistance, fast-drying properties, and barrier & inhibiting ability, acrylic industrial coatings are widely used in the automotive & auto refinish, general industries, aerospace, and other end-use sectors. Machinery equipment, new construction & refurbishment, automobiles, and intermodal containers are some of the applications of acrylic industrial coatings.

Alkyd is also anticipated to grow at a substantial growth rate during the forecast period. Alkyd coatings are used in an industrial environment majorly for metal coatings. These coatings have good gloss & color retention and corrosion resistance properties. They increase the durability of metal and thus find application in the coating of various structures, such as marine vessels, automotive parts, oil & gas plants, towers, and bridges. The water-based technology segment is expected to have the fastest CAGR from 2022 to 2030 as these coatings dry quicker than solvent-based coatings due to the faster evaporation of water from the coating layer. This results in fast-drying without the formation of surface skin. Water-based industrial coatings are mainly used in applications where solvent-based coatings react with the substrate.

They are ideal to use as primers as they possess excellent corrosion and thermal resistance. They have low toxicity due to the low VOC content and less hazardous air pollutant emissions and are flame-resistant. Due to strict legislation regarding the solvents present in coatings in the U.S. and several European countries, the use of water-based coatings is projected to increase. The powder-based technology segment is projected to witness considerable growth during the forecast period. It is more durable and eco-friendlier compared to its counterparts. Powder coatings have negligible VOC content due to the absence of solvents and thus, they comply more efficiently and economically with the environmental protection regulations.

Powder-based coatings are widely used in agricultural equipment, automotive, machine components, mechanical parts & building facades, and electrical fixtures to prevent corrosion and provide a thicker coating. Increasing demand for farming equipment, such as tractors, in Brazil, India, and China is expected to boost the demand for powder-based industrial coatings. Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in July 2019, Axalta Coating Systems, LLC showcased its new technology, Amarium Pre-Catalyzed Lacquers, for use in wood coatings. The new technology protects the surface from ultra-violet radiation and is used for various applications including wooden furniture, cabinets, and other interior wood surfaces.

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Industrial Coatings Market Report Highlights

• Growing R&D investments by major industry players to develop sustainable and VOC-free coatings are expected to propel the product demand
• Asia Pacific dominated the global market in 2021 and is projected to witness the fastest CAGR from 2022 to 2030
• The acrylic product segment is potentially fueling the market growth owing to its rising demand in various end-use industries
• The solvent-borne technology segment accounted for the largest revenue share in 2021 and will expand further at a steady CAGR from 2022 to 2030
• The general industrial end-use segment accounted for the largest revenue share in 2021 and is expected to grow at a significant CAGR during the forecast period

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Industrial Coatings Market Segmentation

Grand View Research has segmented the global industrial coatings market based on product, technology, end-use, and region:

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

• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others

Industrial Coatings Technology Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• Solvent-borne
• Water-borne
• Powder-based
• Others

Industrial Coatings End-use Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• General Industrial
• Marine
• Automotive & Vehicle Refinish
• Electronics
• Aerospace
• Oil & Gas
• Mining
• Power Generation
• Others

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

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

List of Key Players of the Industrial Coatings Market

• PPG Industries, Inc.
• Akzo Nobel N.V.
• The Sherwin-Williams Company
• Axalta Coating Systems, LLC
• Jotun
• BASF SE
• Henkel AG & Company, KGaA
• Nippon Paint Holdings Co., Ltd.
• Hempel A/S
• Beckers Group

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.

Pre-combustion Carbon Capture and Storage Technology Creating a Buzz in the Power Industry

 What is Carbon Capture?

Carbon capture technology is intended to remarkably minimize the emissions originating from carbon dioxide (CO₂). This technology is specifically essential for the transition from a fossil fuel-oriented economy to an advanced and sustainable energy age. Carbon capture is a subset of the CCUS technology i.e., carbon capture, utilization, and storage, which comprises:

• Capturing CO₂ at enormous stationary sources (including coal-fired plants for power generation)
• Deploying the captured CO₂ in various applications (including gas injection in improved recovery of oil)
• Petrochemicals’ feedstock
• Captured CO₂ transportation to the storage facilities
• Permanently storing the CO₂ in the storage site by injection (sequestration)

The sources of carbon capture include the following:

• Power generation sources: Separation of CO₂ emissions from syngas stream or the plant’s exhaust gas in fossil fuel-based power generation.
• Industrial sources: Separation of CO₂ emissions in industrial facilities such as mineral production plants, hydrogen production plants, iron & steel manufacturing plants, and ethanol plants.
• Emissions control: Separation of CO₂ at power plants from the output of by-products that can be recycled.

A number of technologies for carbon capture and storage are crucial to mitigate fossil fuel-oriented carbon emissions, particularly in the power sector. These technologies are categorized into pre-consumption capture, post-combustion capture, and oxy-combustion capture. Here, we will be elaborating on the pre-combustion carbon capture technology.

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What Says the Process?

Pre-combustion capture involves the removal of carbon dioxide from fossil fuels prior to the completion of combustion. For instance, during the process of gasification, a feedstock, such as coal, is oxidized partially in steam and air/oxygen under high pressure and temperature to create syngas or synthesis gas. Syngas is a combination of various gases, including carbon monoxide, CO₂, hydrogen, and lesser amounts of other gaseous elements, including methane. The syngas then undergoes a shift reaction for water-gas to convert H₂O and CO to H₂ and CO₂, thereby forming an H₂ and CO₂ (with a concentration of 15-50%) gaseous mixture. The CO₂ is captured and divided from the mixture, transported, and ultimately isolated, and the H₂-rich fuel is combusted.

In natural gas reforming, natural gas processing, gasification, and IGCC the eventual CO₂ capture is presently achieved by an acid gas removal (AGR) process, under pressure, followed by the regenerative stripping of solvent for CO₂ release which aids in sending the with subsequent compression to sequestration or it can be supplied for enhanced oil recovery (EOR).

There are two key generic acid gas (i.e., CO₂, COS, and H2S) removal (AGR) solvents – mainly physical and chemical:

Chemical Absorbents:

Chemical absorbents [including Methyl diethanolamine (MDEA) and other amines] react with acid gases and necessitate heat for reversing the reaction and releasing the gases. This process often involves lower capital for AGR in comparison with physical solvents; however, it utilizes larger amount of steam heat required for solvent regeneration.

Physical Absorbents:

Physical absorbents (such as Rectisol and Selexol) help in dissolving the acid gases, specifically with rising pressure. When the temperature is increased and pressure is decreased, the absorbed gases are released from the solvent. Relatively lesser steam-heat is needed for solvent regeneration, compared with the chemical solvents. In the Rectisol process that deploys chilled methanol, the capital costs involved are high, but it offers the most complete form of removal.

Applications of pre-combustion carbon capture and storage:

• Capture of CO₂ from natural gas
• Capture of CO₂ from partial oxidation and natural gas reforming
• Removal of CO₂ from coal gasification plants

Pre-Combustion Capture of CO₂ for Gasification Application

The pre-combustion capture of CO2 in a gasification plant is illustrated above.

In gasification processes, the amount of oxygen or air in the gasifier is controlled cautiously so that only some of the fuel completely burns. This process of partial oxidation offers the required heat for chemically decomposing fuel and generating syngas. The carbon dioxide has a high level of partial pressure, which prominently enhances the driving force for different separation & capture technologies. After the removal of CO₂, the H₂-rich syngas is transformed into power. It can also be deployed as a fuel in combustion turbines for generating electricity. Furthermore, another application of this gas is presently being innovated under the Fuel Cell Program by National Energy Technology Laboratory (NETL); it is to deploy H₂ for fuel cell-oriented power generation, with the motive of remarkably increasing the overall efficiency of a plant. Since the process of gasification functions at high pressure and CO₂ is available in much higher concentration in syngas (compared to flue gas in post-combustion), pre-combustion CO₂ capture technology is considered less expensive in comparison with the post-combustion CO₂ capture technology. For the equivalent amount of the captured CO₂, a much lesser volume of gas is required to be treated, this leads to a requirement of a much smaller size of equipment and lesser capital costs.

The Battle of the Technologies (Pre-combustion vs Post-combustion)

In comparison to the post-combustion technology that extracts diluted CO₂ (~5-15% concentration) at low pressure from the streams of flue gas, the shifted syngas stream is at a higher pressure and CO₂-rich. Due to the higher concentration of CO₂, the pre-combustion capture process is more efficient; however, the costs involved in the base gasification process are higher than in conventional power plants of pulverized coal.

Pre-combustion Carbon Capture Technology

Advantages	Limitations
Higher efficiency	Higher overall capital cost of the base gasification process
Comparatively easier carbon removal	Limited IGCC plants
Produced fuel is less harmful to the environment	Heat transfer challenges
Easy retrofitting in existing plants, lowering the adoption cost	Decay issues with hydrogen-rich fuel utilization

Post-combustion Carbon Capture Technology

Advantages	Limitations
More mature technology	Lower efficiency
Standardized techniques	Low CO2 concentration in flue gas
Ease of installation in new and existing plants	High cost of electrical energy generation
	Large parasitic loads

Some Thoughts on the Costs

The latest commercially existing technology of pre-combustion carbon capture typically deploys chemical or physical adsorption processes and approximately costs USD 60/tonne for capturing CO₂ formed by an integrated gasification combined cycle (IGCC) power plant. Further, it requires over USD 1500 million to build a typical plant of 500MWe.

Present Status and Key Technology Providers

Present Status:

There are numerous commercially existing IGCC projects. Nonetheless, the IGCC plant designs incorporating capture, which deploys the existing capture technology sustain high losses of energy of over 7-8% points by the inclusion of capture. These losses arise in several parts of the flow scheme of IGCC. In an IGCC plant that includes capture based on the existing technology, the technology readiness level (TRL) of the key components of the gas cooling, air separation unit (ASU), gasification, sulfur removal, shift, and CO₂ capture are all at a level 9.

Key Technology Providers:

The key providers of gas turbine-based power slabs in IGCC with capture are Siemens, General Electric, and MHI. All of the aforementioned companies also offer gasification so that they can efficiently provide overall packages of IGCC technology when integrated with shift, ASU, and AGR technology providers. Furthermore, the key providers of acid gas removal process include BASF and Dow for MDEA, Linde and Lurgi/Air Liquide for Rectisol, Honeywell for Selexol, and Shell for ADIP and Sulfinol.

Formulation Development Outsourcing Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 Formulation Development Outsourcing Market Growth & Trends

The global formulation development outsourcing market size is expected to reach USD 61.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2022 to 2030. The high burden of chronic and infectious diseases, the growing focus on improving the bioavailability of poorly soluble drugs, and the complications associated with drug development are contributing to the demand for formulation development services globally. Furthermore, the COVID-19 outbreak has influenced the need for clinical trials to find an effective treatment against the contagious virus. This has resulted in significant investments in research and development (R&D) to develop therapeutics, which are expected to drive the market.

According to Pharma R&D Annual Review 2022, biopharmaceutical and anticancer drugs are the major drugs in the development stage in the year 2022, this is expected to improve the demand for formulation development of these drugs post-pandemic. Pharmaceutical companies globally are making significant contributions to R&D activities. For instance, Merck’s R&D cost was USD 2,516.8 million in 2020 as compared to USD 2,494.8 million in 2019. Similarly, Biogen’s R&D expenses accounted for USD 3,990.9 million in 2020. The company’s R&D expenditure increased by 75% as compared to 2019. The significant increase in R&D expenditure is likely to have a positive impact on the market.

A significant number of drugs fail to reach late-stage clinical trials owing to complications associated with formulation development. Moreover, strict regulations regarding the development of drugs are further contributing to the demand for outsourcing formulation development. Such factors are expected to improve the demand for formulation development outsourcing. The COVID-19 incidence has been significantly reduced owing to the growing vaccination drive globally. As a result, the CRO and CDMO are once again concentrating on the development of drugs for oncology and other disorders. For instance, in April 2022, Labcorp collaborated with Xcell Biosciences to support the company in developing cell and gene therapies for treating cancer, Parkinson’s disease, and other rare diseases. Such initiatives by the CDMOs are likely to promote the demand for the formulation development outsourcing of drugs used in the treatment of cancer and other rare diseases.

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Formulation Development Outsourcing Market Report Highlights

• Based on services, the pre-formulation segment is expected to witness a CAGR of 6.8% over the forecast period owing to the growing demand for new drugs due to the high disease burden worldwide
• Based on formulation, the injectable products segment is expected to rise with the fastest CAGR of 7.8% over the forecast period owing to the high bioavailability of parental formulations
• Based on therapeutic area, the oncology segment is likely to witness the fastest CAGR of 8.4% over the forecast owing high burden of cancer worldwide, thus contributing demand for formulation development of new drugs
• Asia Pacific held the largest revenue share in 2021 due to the presence of a significant number of CROs providing cost effective formulation development services

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Formulation Development Outsourcing Market Segmentation

Grand View Research has segmented the global formulation development outsourcing market based on service, formulation, therapeutic area, and region:

Formulation Development Outsourcing Service Outlook (Revenue, USD Million, 2018 - 2030)

• Preformulation
• Formulation Development

Formulation Development Outsourcing Formulation Outlook (Revenue, USD Million, 2018 - 2030)

• Oral
• Injectable
• Topical
• Others

Formulation Development Outsourcing Therapeutic Area Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology
• Infectious Diseases
• Neurology
• Hematology
• Respiratory
• Cardiovascular
• Dermatology
• Others

Formulation Development Outsourcing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Turkey
  • Netherlands
  • Switzerland
  • Sweden
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
  • Taiwan
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Israel

List of Key Players in Formulation Development Outsourcing Market

• SGS S.A.
• Intertek Group plc
• Recipharm
• Lonza
• Charles River Laboratories International, Inc.
• Eurofins Scientific SE
• Element
• Labcorp
• Thermo Fisher Scientific, Inc. (Patheon)
• Catalent Inc.

About Grand View Research

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

Nylon Market is Likely To Touch USD 53.04 Billion by 2030: Grand View Research Inc.

 Nylon Market Growth & Trends

The global nylon market size is expected to reach USD 53.04 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2022 to 2030. Increasing demand from engineering plastics, electrical and electronics, textiles, and automotive applications is driving the market. Nylon is widely used in electrical and electronic applications such as the production of tubes for cables and wirings, contactors, connectors, circuit breakers, and low voltage switch gears. Furthermore, the properties of nylon 6 such as enhanced electrical insulation, good processability, thin walls, laser marking ability, low flammability, practical ball pressure temperature, high stiffness and toughness, high heat distortion temperature, excellent flow characteristics, short injection cycle time, and lightweight are fueling the adoption of nylon 6 in the electrical and electronics industry.

Nylon is used in making circuit boards, which provide spacing, support, and locking capabilities for attaching electrical components. The advantage of nylon hardware used in circuit boards over metal is that the material offers better electrical isolation, which can further provide a positive market outlook for nylon in electrical and electronic applications. Engineering plastic finds large applications in industries such as automotive, building and construction, consumer goods and appliances, and in the manufacturing of abrasion-resistant and corrosion-resistant liners. These industries are among the worst-hit industries by the pandemic, which has led to the decline in the demand for nylon in engineering plastic applications.

The demand for face covers and nylon has grown significantly post COVID-19 outbreak, which is expected to positively impact the textile industry. The majority of textile companies witnessed a strong recovery in the third quarter of 2021, which is expected to continue in March’s first quarter as domestic demand slowly increases. Nylon fabric is used in countless textile items, including hats, swimsuits, athletic shoes, ponchos, bridal veils, flak jackets, backpacks, and wedding gowns. This, along with the growth of the textile industry, is expected to fuel the demand for nylon fabric.

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Nylon Market Report Highlights

• In terms of revenue, the nylon 6 product accounted for a prominent share in 2021 and is expected to witness prominent growth during the forecast period
• The automobile application segment dominated the global market and accounted for more than 35.0% share of the overall revenue in 2021
• In 2021, Asia Pacific accounted for the largest revenue share of more than 40.0%. The robust manufacturing base of the automobile and electronics and appliances industries across China, India, South Korea, and Japan is anticipated to augment market growth in the near future
• Major market players in the market are executing various strategic initiatives to strengthen their market position. For instance, in January 2022, BASF SE announced to expand its production of polyamide 6.6 in Freiburg, Germany. This expansion strategy along with projected investments is in line with the acquisition of Solvay’s polyamide business in January 2020 by the company

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Nylon Market Segmentation

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

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

• Nylon 6
• Nylon 66

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

• Automobile
• Electrical & Electronics
• Engineering Plastics
• Textiles
• Others

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

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

List of Key Players of the Nylon Market

• BASF SE
• LANXESS
• Huntsman International LLC
• AdvanSix
• Ube Industries Ltd.
• Domo Chemicals
• TORAY INDUSTRIES, INC.
• TOYOBO CO., LTD.
• Ashley Polymers, Inc.
• Ascend Performance Materials
• Goodfellow

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.

Healthcare Additive Manufacturing Market Poised to Garner Maximum Revenues During 2022– 2030: Grand View Research Inc.

 Healthcare Additive Manufacturing Market Growth & Trends

The global healthcare additive manufacturing market size is expected to reach USD 9.9 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.6% from 2022 to 2030. The healthcare additive manufacturing technology helps in producing complex designs easily, forming personalized products, eliminating the production step, and producing lightweight products, which, in turn, is fueling the market growth. Growing commercialization of the manufacturing process, rising investment by the government, and an increase in R&D in devices formed using additive manufacturing are key factors driving this market. There was a slowdown in the growth of the market at the start of 2020 due to the COVID-19 pandemic, but the market has gained pace in the second half by fulfilling the growing demand for the manufacturing of medical devices, PPE kits, and face shields to fight against the pandemic.

The advantages of additive manufacturing over traditional production methods are driving its growing popularity. The utilization of modern technology, design freedom, dimensional precision, the use of a wide range of materials such as metal, plastics, and polymers, build speed and the capacity to construct complicated parts/geometry, such as cooling channels and honeycomb structure, are just a few of the advantages of additive manufacturing. However, the main use of additive manufacturing in the healthcare industry is the production of implants and prostheses.

The growing geriatric population has led to an increase in orthopedic operations such as knee and hip replacements, which has resulted in the increased demand for the implants and prostheses leading to quicker manufacturing of these products, thus additive manufacturing plays a crucial role to meet the demand. Also, it helps in the manufacturing of prosthetic devices that help the patient regain lost parts of limbs and also help in regaining mobility post-amputation or stroke. The devices created by this technology are light in weight, unique, and can be designed easily. They also have good stiffness in regions where support is required and are flexible in regions where comfort is required.

The COVID-19 pandemic significantly impacted the market. Initially, manufacturing unit constraints caused by stay-at-home orders led to supply chain disruption and labor shortages. However, by compensating for the paucity of medicinal supplies by speeding up the manufacturing process, additive manufacturing is playing a crucial role in the fight against the COVID-19. Over the projection period, this will propel the market forward. Medical device approvals are subject to demanding regulatory approvals, which may stifle growth.

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Healthcare Additive Manufacturing Market Report Highlights

• The laser sintering technology segment dominated the market with a revenue share of over 30.0% in 2021. This technology produces high-quality complex geometries in less time, which, in turn, is fueling the segment growth
• Based on application, the medical implants segment accounted for the largest revenue share of over 30.0% in 2021
• By material, polymers accounted for the largest revenue share of over 50.0% in 2021 as polymers reduce the cost of the manufacturing process, are flexible, and have a long life span
• Asia Pacific is projected to register the fastest CAGR of 28.5% during the forecast period. This is due to the unmet needs of a large population and the economic development in the region

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Healthcare Additive Manufacturing Market Segmentation

Grand View Research has segmented the global healthcare additive manufacturing market based on technology, application, material, and region:

Healthcare Additive Manufacturing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Stereolithography
• Deposition Modeling
• Electron Beam Melting
• Laser Sintering
• Jetting Technology
• Laminated Object Manufacturing
• Others

Healthcare Additive Manufacturing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Medical Implants
• Prosthetics
• Wearable Devices
• Tissue Engineering
• Others

Healthcare Additive Manufacturing Material Outlook (Revenue, USD Million, 2018 - 2030)

• Metals and Alloys
  • Steel
  • Titanium
  • Others
• Polymers
  • Nylon
  • Glass-filled Polyamide
  • Epoxy Resins
  • Photopolymers
  • Plastics
  • Biological Cells
  • Others
• Biological Cells
• Others

Healthcare Additive Manufacturing Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Healthcare Additive Manufacturing Market

• GE Additive
• 3D Systems, Inc.
• EnvisionTEC
• RegenHU
• Allevi Inc.
• EOS GmbH
• Materialise N.V.
• Stratasys Ltd.
• Nanoscribe GmbH
• GPI Prototype and Manufacturing Services, LLC
• 3T Additive Manufacturing Ltd
• Fathom
• General Electric

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.

Bed Head Panel Market Growth in the Coming Years

 Bed Head Panel Market Growth & Trends

The global bed head panel market size is anticipated to reach USD 3.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.1% from 2022 to 2030. The market is expected to grow due to the increasing prevalence of chronic diseases such as cardiovascular disorders, cancers, and other chronic problems, along with the increasing technological advancements.

An important trend in the market is governments in various organizations seeking to improve healthcare infrastructure. The demand for specialized healthcare services in developing economies has enhanced the potential demand for inpatient room care facilities. The trend of payment for a variety of procedures in daycare and patient settings has been strong, driving the demand for better room care services.

According to FDA in October 2020, due to the COVID-19 public health emergency, there has been a high demand for mattresses, hospital beds, bed head panels, and stretchers to enhance healthcare capacity in healthcare systems & local hospitals via temporary expansion sites. To address the same, manufacturers from several industries, who are not traditionally associated with medical device manufacturing, are looking for resources to market and produce these devices for the healthcare community, which, in turn, is expected to drive market growth.

To achieve a larger market share, companies are employing a variety of techniques, including collaborations and the launch of new products. Stryker, for instance, donated 22,500 Emergency Relief Bed (ERB) units to Project C.U.R.E. in August 2020. The ERB Kits came with a mattress, IV pole, and bed frame. These kits were designed to assist those who were on the front lines of the global pandemic, from hospital emergency rooms to pop-up and triage care centers. The market is predicted to increase at a high rate as a result of these advancements.

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Bed Head Panel Market Report Highlights

• The ICU segment accounted for the largest market share of 39.5% in 2021 owing to an increase in the number of accidents, high ICU admission rates, an aging population, and outbreaks of life-threatening infectious diseases, which are all driving the segment's rise
• The hospital segment dominated the market with a share of over 43.7% in 2021. This is due to the increasing number of hospitals globally, and rising government funding for hospitals. For instance, the Australian government provides 41% of the public hospital funding and 24% of the private hospital funding
• In the Asia Pacific, the market is estimated to register the highest CAGR over the forecast period. Increasing awareness, rising healthcare expenditure, and various government initiatives are expected to drive market growth. Moreover, India and China are expected to grow at the fastest rate during the forecast period

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Bed Head Panel Market Segmentation

Grand View Research has segmented the global bed head panel market based on specialty, end-use, and region:  

Bed Head Panel Specialty Outlook (Revenue, USD Million, 2017 - 2030)

• ICU
• Surgical
• Others

Bed Head Panel End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals
• Clinics
• Others

Bed Head Panel 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 of the Bed Head Panel Market

• Precision UK Ltd
• Baxter
• Novair Medical
• Amcaremed Medical
• Amico Group of Companies
• Drägerwerk AG & Co. KGaA
• BIOLUME
• BeaconMedaes
• Silbermann
• INMED

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.

Reclaimed Rubber Market Trends Regulations And Competitive Landscape Outlook to 2030

 Reclaimed Rubber Market Growth & Trends

The global reclaimed rubber market size is expected to reach USD 2.73 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 10.9% during the forecast period.

The market is projected to witness substantial growth due to increasing consumption from end-use, coupled with propelling demand from automotive & aircraft tires, owing to technological developments that have increased their processing advantages in tire application. However, footwear is anticipated to be the fastest-growing segment with high consumption of shoe soles, heels, and liners.

The Asia Pacific emerged as the dominant region, accounting for over 53% of market value in 2021 and is also anticipated to be the fastest-growing region during the forecast period. The growing automotive & aerospace industry, especially in China, Thailand & India is expected to remain a significant factor influencing demand over the forecast year. Furthermore, increasing industrial manufacturing activities in the region have led to high product demand in non-tire applications such as battery boxes, consumer goods, medical molded, and mats & flooring.

Whole Tire Reclaim (WTR) rubber was the dominant product segment, accounting for over 45% of the revenue share in 2021. To create a high-grade and endured product, the carbon black is filled into the thread portion of scrap tires. The ethylene propylene diene monomer (EPDM) reclaimed rubber segment is significantly growing at a rapid rate owing to reduction of electricity consumption, high ozone resistance, and improved speed extrusion among other advantages.

The industry is characterized by the presence of several small scale industrial producers with antiquated production technologies and limited capacity, especially in developing nations such as India, which has provided a significant advantage to new industry participants possessing better processing technologies.

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Reclaimed Rubber Market Report Highlights

• The Asia Pacific emerged as the dominant consumer while accounting for over 52% of the market revenue in 2021 and is also anticipated to emerge as the fastest-growing region over the forecast period.
• Major recyclers have re-located their production sites to emerging economies in the Asia Pacific owing to lower labor costs across the region followed by strict regulations and a ban against landfills in the European Union.
• The automotive & aircraft tires segment is anticipated to grow at the highest CAGR of 10.9% in terms of revenue in the upcoming years. The growing international logistics business and passenger travel post the relaxation of travel restrictions on a regional and country basis has revamped the demand for aircraft tires.
• Tires are non-biodegradable and highly durable, hence acquiring valued space in landfills is one of the significant issues faced by many countries. Rubber scrap breaks down upon exposure to sunlight and bacteria.
• The negative impact of dumping tire waste in landfills has driven many countries to implement strict regulations to conserve the environment. In September 2020, a new solid waste law was brought into effect, which emphasizes the solid waste handling principles of reduction, recycling, and harmlessness.

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

Reclaimed Rubber Market Segmentation

Grand View Research has segmented the global reclaimed rubber market report based on product, end-use, and region:

Reclaimed Rubber Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Whole Tire Reclaim Rubber
• Butyl Reclaim Rubber
• EPDM Reclaim Rubber
• Others

Reclaimed Rubber End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Automotive & Aircraft Tires
• Retreading
• Belts & Hoses
• Footwear
• Molded Rubber Goods
• Others

 Reclaimed Rubber Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

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

List of Key Players of the Reclaimed Rubber Market

• GRP LTD
• Allcock & Sons Ltd
• Rolex Reclaim Pvt. Ltd.
• Fishfa Rubbers Ltd.
• HUXAR
• Tianyu (Shandong) Rubber & Plastic Products Co., Ltd.
• Swani Rubber Industries
• Minar Reclaimation Private Limited
• SRI Impex Pvt. Ltd.
• SNR Reclamations Pvt. Ltd.
• High Tech Reclaim Pvt. Ltd.
• Balaji Rubber Industries (P) Ltd.
• Star Polymers Inc.

About Grand View Research

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

Sports Analytics Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Sports Analytics Market Growth & Trends

The global sports analytics market size is expected to reach USD 6.34 billion by 2030, registering a compound annual growth rate (CAGR) of 27.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. the increasing preference for data in decision making by various associations and organizations is expected to fuel the market growth. The managers and coaches use sports analytics solutions to gain multiple parameters, in-depth analysis, and the players' performance and design training sessions using collected insights. The solutions offer predictive analysis to study the physical parameters of players to prevent injuries that might happen in the future.

The sports industry produces large volumes of information in raw data that does not provide clear insights. However, if the data is processed further, it can provide valuable insights about the entire team and individual players. The sports analytics solutions help analyze the raw data and provide essential insights in real-time using graphical interfaces. The sports analytical tool helps to analyze the data such as the history of the opponents, line-up of players, win and loss records, and various player metrics, including distance covered, speed, stamina, acceleration, and energy levels. Moreover, insights can also be shared with managers, coaches, and fantasy gaming applications.

The leading associations and teams have already implemented sports analytical solutions and have hired professional analysts to improve the team and individual performance by obtaining valuable insights and gaining a competitive edge over opponents on and off the field. The associations such as National Basketball Association (NBA), Royal Spanish Football Federation, German Football Association, and many others have already deployed analytical tools to determine the results of future game events.

Teams have also adopted sports analytics solutions to analyze the players' fitness, overall performance, and engagement with fans. For instance, in December 2021, TRAM Barcelona Open and wheelchair tennis partnered with IBM Corporation. The partnership has helped TRAM Barcelona Open elevate its status in International Tennis Federation by enhancing the overall tournament experience, improving brand visibility, and increased audience engagement by using IBM cloud connect and IBM Watson Assistant, which are used in numerous other tournaments like the US Open and Wimbledon.

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Sports Analytics Market Report Highlights

• The football segment is expected to witness the highest CAGR growth during the forecast period in the sports segment, owing to the faster adoption of the latest technologies and heavy investments done by the teams and associations in the sports analytics market
• In the analysis segment, the On-Field analysis segment is projected to witness the highest CAGR growth in the forecast period, owing to the increasing implementation of sports analytics solutions for Health Assessment, Video Analysis, and players and team analysis in the sports industry
• The software segment is expected to experience the highest growth in the forecast period, owing to the increased popularity of cloud-based sports analytics software, which provides flexibility and accessibility

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

Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Service

Sports Analytics Type Outlook (Revenue, USD Million, 2018 - 2030)

• On-field
  • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
  • Fan Engagement
  • Ticket Pricing

Sports Analytics Outlook (Revenue, USD Million, 2018 - 2030)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Scope (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

About Grand View Research

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

U.S. Digital Therapeutics Market Predicted to Witness Steady Growth During the Forecast Period

 U.S. Digital Therapeutics Market Growth & Trends

The U.S. digital therapeutics market size is anticipated to reach USD 10.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 24.8% from 2022 to 2030. Growing healthcare consumerism, the availability & development of DTx products, and the rising number of market players are driving the regional market.

SparkRx by Limbix Health, for example, is a digital therapeutic that is indicated for the treatment of adolescent depression. It is available without a prescription since the COVID-19 pandemic, under the FDA’s emergency guidance for digital health devices used in the treatment of psychiatric disorders. The COVID-19 pandemic has expedited the adoption of DTx, especially concerning mental illness and chronic ailments like diabetes and CVS. The U.S. FDA released new guidelines for computerized behavioral therapy and other DTx solutions during this public health emergency.

The organization has waived off guidelines that include 510(k) premarket notifications, registration & listing requirements, and Unique Device Identification (UDI) requirements for DTx therapeutic devices with low risk. For instance, Pear therapeutics launched Pear-004 for psychosis and self-management training post the introduction of the new guidelines. The product needs to be used under a doctor’s supervision.

The need for cost-effective healthcare is increasing globally due to rising healthcare expenditure. Digital health technology is being encouraged and preferred to avoid unnecessary costs and promote cheaper, alternative means of healthcare delivery, thus propelling the market. Moreover, the rising demand for remote monitoring services due to the increasing incidences of chronic diseases worldwide is one of the factors propelling the market growth. Digital therapeutic applications allow patients to manage and treat diseases without constant medical intervention, thereby drastically reducing the healthcare expenditure.

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U.S. Digital Therapeutics Market Report Highlights

• The digital therapeutics market in the U.S. was valued at USD 1.5 billion in 2021 and is expected to advance at a CAGR of 24.8% during the forecast period
• In terms of revenue, diabetes dominated the application segment in 2021. The growth can be attributed to the increasing incidence of this disease and the rising demand for self-management and constant monitoring
• Digital therapeutics solutions find application in 3 key product categories — products to manage a condition, treat a disease, and improve a health function; as such, the demand for these solutions is expected to increase in the coming years owing to the rising burden of chronic disorders
• Based on end-use, the patient segment held the largest revenue share in 2021, owing to the increased adoption of healthcare IT services through AI-driven smartphone apps
• In the wake of the COVID-19 pandemic, patients with chronic diseases have been facing challenges in managing medications, visiting healthcare providers, and maintaining a balanced diet. DTx therapy can be useful in managing patient conditions remotely
• In January 2020, Pear Therapeutics and Crossroads Treatment Centers entered into a partnership to incorporate reSET-O PDT in several opioid use disorder treatment centers located in Pennsylvania, thereby enhancing its market reach

Access Press Release@ https://www.grandviewresearch.com/press-release/us-digital-therapeutics-market-analysis

U.S. Digital Therapeutics Market Segmentation

Grand View Research has segmented the U.S. digital therapeutics market based on application and end-use:

U.S. Digital Therapeutics Application Outlook (Revenue, USD Million, 2017 - 2030)

• Diabetes
• Obesity
• CVD
• Respiratory Diseases
• Smoking Cessation
• CNS Disease
• Others

U.S. Digital Therapeutics End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Patients
• Providers
• Payers
• Employers
• Others

List of Key Players in the U.S. Digital Therapeutics Market

• Omada Health Inc.
• Teladoc Health, Inc.
• 2Morrow Inc.
• Propeller Health (ResMed)
• Fitbit Health Solutions
• Canary Health
• WellDoc, Inc.
• Noom, Inc.
• Pear Therapeutics, Inc.
• Click Therapeutics, Inc.
• Akili Interactive Labs, Inc.
• Better Therapeutics, Inc.

About Grand View Research

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

Key Insights of Future Prospects of Coronary Stents Market During 2022– 2030: Grand View Research Inc.

 Coronary Stents Market Growth & Trends 

The global coronary stents market size is expected to reach USD 12.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2022 to 2030. Increasing adoption of minimally invasive surgeries and Percutaneous Coronary Intervention (PCI) procedures is expected to drive the market in the coming years. For instance, according to The Korean Journal of Thoracic and Cardiovascular Surgery, the proportion of PCI for Coronary Artery Disease (CAD) was 78% in 2016, and the country-specific PCI proportion was 96%, which was significantly higher than the global average. As a result, the unprecedented growth in CAD incidence, along with an increase in the proportion of PCIs done in these CAD patients, is expected to raise demand for an effective coronary stent technology.

Technological advancement and the launch of 2^nd generation drug-eluting stents are further fueling the growth. For instance, Abbott Laboratories Laboratories' XIENCE Sierra became the first DES approved for CTO indications in the US in May 2018. Medtronic followed suit in early 2019, obtaining FDA approval for the use of its Resolute range of DES in CTO indications. In addition, many companies have recently launched newer versions of their coronary stent systems in the US, notably Boston Scientific's Synergy Megatron in January 2021 and Abbott Laboratories Laboratories' XIENCE Skypoint in June 2021. 

The global COVID-19 pandemic has had a negative impact on the market for coronary stents. According to guidelines from physician societies throughout the world, procedure deferrals primarily impacted less urgent or elective procedures for eligible patients. ACC's ((American College of Cardiology) 2020 guidance, for instance, recommended postponing non-urgent procedures like CTO interventions and surveillance angiography during the peak of the COVID-19 pandemic. These guidelines have influenced physicians' treatment decisions throughout the world. Additionally, according to the European Society of Cardiology recommendations, all emergency and urgent PCI procedures (treatment of STEMI, high or intermediate risk NSTEMI, cardiogenic shock, and unstable angina) should be continued during the peak of the pandemic and in the subsequent resurgence of COVID-19, while only elective PCI procedures (CTO interventions or treatment of NYHA II symptoms) should be deferred.

Moreover, recovery of the coronary stent market from the COVID-19 pandemic is anticipated to be aided by the continuous performance of urgent PCI procedures and an increase in capacity utilization for performing non-elective procedures.

The coronary stent market is driven by reimbursement coverage provided by the general public Center for Medicare & Medicaid Services (CMS) and private payers. The coverage is availed under national coverage determination for carotid artery stenting, including products and service providers. From January 2020, the Centers for Medicare & Medicaid Services (CMS) proposed reimbursement for some angioplasty and stenting procedures performed in the ambulatory surgical centers (ASC), which is expected to boost the market revenue over the forecast period. 

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Coronary Stents Market Report Highlights

• Overall PCI procedure volumes treated with coronary stent devices will rise as the aging population and the PCI-eligible patient population grows, owing to new technologies and increased ability to treat severe lesions
• Prices for the first-generation BVS (Bioresorbable Vascular Scaffold) are much high as compared to existing BMS (Bare Metal Stent) and DES (Drug-Eluting Stents). Due to its safety concern and high hospitalization rates, doctors are not preferring BRS over DES
• Favorable clinical trials have demonstrated that DES is better than standard BMS. As a result, in 2021, DES has dominated the market
• Over the forecast period, Asia Pacific is expected to see the highest growth. The market will further increase in the coming years as disposable income rises and the prevalence of heart disease rises
• Furthermore, in cost-constrained nations like India and China, growing government investment in healthcare and new attempts to bring in equipment at cheap rates are also influencing this market
• In June 2020, SMT received nationwide reimbursement for Supraflex Cruz Heart Stent in France to treat individuals with a coronary heart disorder 

Access Press Release@ https://www.grandviewresearch.com/press-release/global-coronary-stent-industry

Coronary Stents Market Segmentation 

Grand View Research has segmented the global coronary stents market report based on product and region:

Coronary Stents Product Outlook (Revenue, USD Million, 2017 - 2030)

• Bare Metal Stents (BMS)
• Drug-Eluting Stents (DES)
  • Biodegradable
  • Non-Biodegradable
• Bioresorbable Vascular Scaffold (BVS)

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

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

Some of the Key Players in the Coronary Stents Market

• Abbott
• Medtronic
• Boston Scientific Corporation
• Terumo Corporation
• B Braun Melsungen AG
• Biotronik
• Stentys SA
• MicroPort Scientific Corporation
• R. Bard, Inc.
• Cook Medical

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.