U.S. Breath Analyzers Market Projected To Be Worth USD 3.1 Billion By 2030: Grand View Research Inc.

 

U.S. Breath Analyzers Market Growth & Trends

The U.S. breath analyzers market size is expected to reach USD 3.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.4% from 2022 to 2030. Growing demand for breath analyzers from law enforcement agencies and other institutions such as schools, sports, and offices to minimize alcohol abuse is a major market driver. Early diagnosis of diseases such as cancer, tuberculosis, and Chronic Obstructive Pulmonary Disease (COPD) plays a key role in the success rate of their treatment. Breath analyzers offer a quick primary diagnosis based on exhaled air contents.

Growing applications in private use such as measurement of breath Carbon Monoxide (CO) in smoking cessation activities are expected to boost market growth during the forecast period. During the COVID-19 pandemic, the breathalyzer market experienced a downturn as most commercial activities were halted. Owing to a close in production units and an interruption in the supply chain, most main revenue-generating end-users of the market were impacted, resulting reduction in sales of breath analyzers. However, the COVID-19 pandemic brought about a series of changes across industries.

For instance, the U.S. Department of Transportation announced that in the future new cars will be equipped with alcohol-sensing start buttons, which will prevent them from moving if it detects alcohol. Hence, it is expected that the market will witness the introduction of novel, innovative technologies, and new product launches during the forecast period, in turn, positively impacting growth. The growing prevalence of noncommunicable illnesses, along with the high rate of infectious diseases, is driving the double disease burden across the world. Hence, there is a significant demand for cheap, accessible, and ruggedized diagnostic tools that detect diseases early and direct patients to the right treatment channels.

Furthermore, the growing number of road accidents due to drunk driving and drug abuse has augmented the demand for breath analyzers, as these devices help monitor the presence of different compounds and measure the blood alcohol content in a breath sample. Sometimes breath analyzers provide inaccurate results, failing to differentiate alcohol from any other chemical compound that holds a methyl group structure. Some alcohol testing machines recognize not only ethyl alcohol but also any compound with a similar molecular structure. Thus, accuracy concerns pertaining to breath analyzers are expected to limit market growth.

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U.S. Breath Analyzers Market Report Highlights

• The fuel cell segment held a substantial share of over 33.0% in 2021, owing to the various benefits such as the compact size of devices and minimum power requirements, fuel cell technology has become a gold standard for hand-held devices

• The IR spectroscopy segment is expected to register a CAGR of 16.0% over the forecast period. Most of the breath analyzers are presently used for evidential purposes, use IR spectrometry. Infrared analysis is a non-destructive technology. Thus, such benefits are likely to support segment growth

• The alcohol detection segment accounted for the revenue share of over 49.0% in 2021 owing to stringent laws relating to drinking and driving, rising alcohol consumption, and growing usage of personal breath analyzers

• On the basis of end-use, the others segment is expected to exhibit lucrative growth during the forecast period. High crime rate in certain parts and strict drug testing regulations implemented by governments in the nation support segment growth

• There are increasing number of partnerships and collaborations being undertaken in this market to gain higher market share. Besides, market players engage in mergers and acquisitions to strengthen their market position

• In May 2020, Alcohol Countermeasure Systems Corp, an international group of companies involved in public safety, announced agreement with Ontario Ministry of Transportation for 5 years. ALCOLOCK Canada, division of Alcohol Countermeasure Systems Corp, was selected by the Ontario Ministry of Transportation

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U.S. Breath Analyzers Market Segmentation

Grand View Research has segmented the U.S. Breath Analyzers market on the basis of technology, application, and end use:

U.S. Breath Analyzers Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Fuel Cell Technology

• Semiconductor sensor

• Infrared (IR) Spectroscopy

• Others

 U.S. Breath Analyzers Application Outlook (Revenue, USD Million, 2017 - 2030)

• Drug Abuse Detection

• Alcohol Detection

• Medical Applications

U.S. Breath Analyzers End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Law Enforcement Agencies

• Individuals

• Others

List of Key Players of U.S. Breath Analyzers Market

• Drägerwerk AG & Co. KGaA

• Lifeloc Technologies, Inc.

• Quest Products, LLC.

• Intoximeters

• Alcohol Countermeasure Systems Corp.

• AK GlobalTech Corp.

• PAS Systems International, Inc

• Akers Biosciences, Inc.

• BACtrack

• Lion Laboratories (CMI INC.)

• Advanced Safety Devices

• MPD, Inc

• Intoximeter, Inc

• Alere

• Alcopro, 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.

Impact of Existing and Emerging U.S. Cannabis Packaging Market Trends And Forecast 2022-2030: Grand View Research Inc.

 

U.S. Cannabis Packaging Market Growth & Trends

The U.S. cannabis packaging market size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis.

These numbers are projected to increase in the future along with the legalization of marijuana for medical use or adult recreational use in U.S. states including Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, New Jersey, New York, Virginia, New Mexico, and Connecticut. The states have different rules and regulations for the use and possession of cannabis. For instance, in Colorado, retail purchases of cannabis at licensed dispensaries are subject to standard sales tax, plus an additional 10.0% marijuana sales tax. In addition, a 15.0% excise tax is applied to the wholesale price of retail marijuana, which is the price that businesses of Colorado pay to cultivators.

These rules and regulations vary as per the state governments in the U.S. In Washington, retail sales of cannabis at licensed dispensaries are subject to an excise tax of 37%. In California, there is a 15.0% excise tax and a standard state sales tax on retail sales of cannabis at licensed dispensaries. In Massachusetts, sales at licensed dispensaries are subject to standard state sales tax and a state excise tax of 10.7% as well as towns and cities can also impose up to a 3.0% tax on marijuana sales. The players are offering products as per the rules and regulations by the government for the possession and use of cannabis products.

These also decide the packaging product size as some markets have legal possession of cannabis for an adult up to 5 ounces, for instance, and some have permission for the possession of 10 ounces. Thus, the packaging differs as per the legalized sales in the U.S. states. The packaging manufacturers are effectively looking into it and developing products as per the state’s requirements. This is projected to support the growth of the market over the forecast timeframe. Furthermore, the growing legalization of retail sales of cannabis in the U.S. states is a major factor driving the demand for packaging solutions.

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U.S. Cannabis Packaging Market Report Highlights

• On the basis of material, the plastic segment accounted for the highest market share in 2021 owing to extensive consumption of plastics in packaging products like jars, pouches, vials, containers, and thermoformed blisters and clamshells due to structural benefits and cost-effectiveness

• The bottles and jars segment accounted for the highest revenue share in 2021 and is expected to maintain the leading position throughout the forecast period. The availability of bottles and jars in wide varieties inclusive of size, shape, and quality among others is supporting the segment growth. The dried cannabis and cannabis extract is packaged in such bottles & jars

• The recreational use of cannabis packaging is expected to expand at a significant CAGR during the forecast period. The increasing demand for cannabis products among the adult population is primarily supporting the segment growth. In addition, the growing legalization of cannabis for recreational usage in more states of the country is driving the segment

• Key players are increasingly focusing on R&D activities, product development, and branding & marketing activities. Moreover, manufacturers are also focusing on advanced manufacturing machinery, raw material procurement, regulatory approvals, and certifications

• The strict rules and regulations by the governments on product selling and labeling is a factor projected to limit the market growth to an extent over the forecast period

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U.S. Cannabis Packaging Market Segmentation

Grand View Research has segmented the U.S. cannabis packaging market on the basis of material, product, and application:

U.S. Cannabis Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic

• Metal

• Glass

• Paper

U.S. Cannabis Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Bottles & Jars

• Tubes

• Tins

• Pouches

• Blisters & Clamshells

• Others

U.S. Cannabis Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Recreational Use

• Medical Use

List of Key Players of U.S. Cannabis Packaging Market

• Berry Global Inc.

• KushCo Holdings Inc.

• J.L. CLARK

• IMPAK Corporation

• Pollen Gear

• Cannaline Cannabis Packaging Solutions

• N2 Packaging Systems, LLC

• Green Rush Packaging

• Norkol Packaging LLC

• MMC DEPOT

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.

Metal Stamping Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 

Metal Stamping Market Growth & Trends

The global metal stamping market size is expected to reach USD 310.69 billion by 2030, expanding at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The increasing production of automobiles is anticipated to drive the demand for metal stamping as it is used in the manufacturing of car body panels, transmission components, and interior and exterior structural components. Automobile consumers are shifting their focus towards lightweight vehicles on account of rising concerns about environmental pollution. According to LMC Automotive, U.S. light vehicles sales reached around 14.5 million in 2020 and are expected to reach nearly 15.8 million by 2022. The growing demand for lightweight vehicles is encouraging auto component manufacturers to increase their production capacities and engage in new product developments.

This, in turn, is anticipated to augment market growth over the coming years. Major automobile manufacturers that have in-house component manufacturing facilities are expanding their production capacities to meet the growing demand for automobiles. Moreover, the telecommunications industry is also projected to witness lucrative demand for stamped products owing to the growing investments in 5G technology. For instance, in November 2020, FAIST Precision Suzhou announced its investment in the installation of a new die casting machine, called the FRECH GDK3200T, which will be used to run 5G projects for mass production. In the Asia Pacific, increasing demand for consumer electronics, such as mobile phones, computers, laptops, and headphones, is likely to boost the demand for metal stamping as it is used in manufacturing metal frames, such as metal headbands, which are used in headphones.

Change in consumer preferences towards enhanced audio experience along with a rapidly growing music industry, and advancement in VR technology are the major factors that are expected to drive the demand for headphones.  This, in turn, is likely to propel market growth over the coming years. The market is highly competitive with the presence of local as well as global players including Alcoa Corp., Lindy Manufacturing Co., Tool & Manufacturing Company, and D&H Industries. These companies are focusing on long-term agreements, capacity expansions, and mergers and acquisitions to meet the growing product demand from potential customers. For instance, in October 2021, Shiloh Industries completed the acquisition of two stamping plants fromBenteler for the automotive business. These plants are equipped with modern precision laser cutting and hot-formed steel stamping products for the production of chassis components.

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Metal Stamping Market Report Highlights

• The blanking segment is anticipated to progress at a significant CAGR over the forecast period owing to the increasing demand from the automotive industry on account of its precise and superior stamping ability

• The bending segment accounted for the maximum revenue share in 2021. Products manufactured using this process ensure stability and durability, thus it is mostly used in auto components

• Consumer electronics is projected to be the fastest-growing segment over the forecast period

• The growth is attributed to the increasing utilization of lightweight metal components to improve the durability of electronics

• Industrial machinery accounted for a significant revenue share in 2021 owing to the growing demand for machinery and automation to improve the efficiency of the output

• North America is expected to continue dominating the global market over the forecast period owing to the increasing production of automobiles and consumer electronics

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Metal Stamping Market Segmentation

Grand View Research has segmented the global metal stamping market on the basis of process, application, and region

Metal Stamping Process Outlook (Revenue, USD Billion, 2017 - 2030)

• Blanking

• Embossing

• Bending

• Coining

• Flanging

• Others

Metal Stamping Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Automotive & Transportation

• Industrial Machinery

• Consumer Electronics

• Aerospace

• Electrical & Electronics

• Telecommunications

• Building & Construction

• Others

Metal Stamping Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • U.K.

  • France

  • Spain

  • Italy

  • Belgium

  • Denmark

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

• Middle East & Africa

List of Key Players of Metal Stamping Market

• Acro Metal Stamping

• Manor Tool & Manufacturing Company

• D&H Industries, Inc.

• Kenmode, Inc.

• Klesk Metal Stamping Co.

• Clow Stamping Company

• Goshen Stamping Company

• Tempco Manufacturing Company, Inc.

• Interplex Holdings Pte. Ltd.

• CAPARO

• Nissan Motor Co., Ltd.

• AAPICO Hitech Public Company Ltd.

• Gestamp

• Ford Motor Company

About Grand View Research

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

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

 Smart Cities Market Growth & Trends

The global smart cities market size is expected to reach USD 6,965.02 billion by 2030, registering a CAGR of 24.2% in the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to rapid favorable government initiatives worldwide and the emergence of technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT). This has encouraged several countries to invest in smart city projects to manage infrastructure and assets. Further, the increasing adoption of Electric Vehicles (EV) has also created a demand for the development of charging infrastructure in cities globally. Due to this, it provides energy storage and creates new revenue streams from EV batteries. These benefits will further boost the growth of the market during the forecast period.

The market is at present witnessing a high investment in smart security, smart metering for utilities, integrated traffic management systems, and smart mobility. Several technologically innovative cities use IoT platforms to monitor their infrastructure, manage traffic flows, water management, parking, and air quality, and use the generated smart data to handle longer-term decisions for environmental sustainability. Furthermore, the increase in greenhouse gas emissions and traffic congestion is driving the adoption of smart mobility and effective energy management applications. These factors will further boost the growth of the market during the forecast period.

The market for smart cities covers several industry verticals, such as transport, water, healthcare, energy, and security. However, the cost incurred in transforming the present infrastructure acts as a restraint for several governments to continue huge investments in various sectors and departments for effective smart city projects, which may hamper the market growth. Several government bodies are investing in smart cities to improve their global and regional competitiveness to improve business, attract new residents, and make informed decisions with the help of available technologies. This will supplement the growth of the market over the forecast period.

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Smart Cities Market Report Highlights

• The smart utilities segment is expected to witness a considerable CAGR of 22.9% over the forecast period. The rising investments in smart grid systems are driving the growth of the segment. Governments worldwide are deploying smart solutions, such as Advanced Metering Infrastructure (AMI), to automate the existing operations. The adoption of these advanced solutions will supplement the growth
• The smart infrastructure segment is anticipated to register a CAGR of 24.3% over the forecast period. The substantial growth of smart community services, which provide advanced infrastructures, such as transportation, data centers, energy, and buildings, is driving the segment growth. For instance, in June 2021, a B2B media company, Endeavor Business Media, LLC introduced smart building technology, which would take integrated intelligence into existing commercial buildings and new constructions
• The waste management segment captured a market share of over 20% in 2021. Numerous waste management companies are installing sensors, data visualization platforms, and network infrastructure to generate actionable insights and make informed decisions. The adoption of these smart technologies in waste management will supplement the growth of the segment during the forecast period
• The smart ticketing & travel assistance segment is expected to witness a significant CAGR of 23.4% over the forecast period. The increasing adoption of innovative technologies, such as Quick Response (QR) code, Radio Frequency Identification (RFID), Near Field Communication(NFC), and local wireless ticketing have enabled the key players to provide smart solutions across various sectors including, transportation, BFSI, and healthcare
• The Asia Pacific regional market is anticipated to register a significant CAGR of 27.7% during the forecast period. The regional can be attributed to the rapid economic developments, digitalization, globalization, and the rising proliferation of smartphones

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Smart Cities Market Segmentation

Grand View Research has segmented the global smart cities market based on application, smart governance, smart utilities, smart transportation, and region:

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

• Smart Governance
• Smart Building
• Environmental Solution
• Smart Utilities
• Smart Transportation
• Smart Healthcare

Smart Cities Smart Governance Outlook (Revenue, USD Million, 2017 - 2030)

• City Surveillance
• CCS
• E-governance
• Smart Lighting
• Smart Infrastructure

Smart Cities Smart Utilities Outlook (Revenue, USD Million, 2017 - 2030)

• Energy Management
• Water Management
• Waste Management

Smart Cities Smart Transportation Outlook (Revenue, USD Million, 2017 - 2030)

• Intelligent Transportation System
• Parking Management
• Smart Ticketing & Travel Assistance

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

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Russia
  • Nordic Region
  • Eastern Europe
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • ASEAN
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in the Smart Cities Market

• ABB Limited
• AGT International
• AVEVA Group plc.
• Cisco Systems, Inc.
• Ericsson
• General Electric
• Honeywell International Inc.
• International Business Machines Corporation
• Itron Inc.
• KAPSCH Group
• Huawei Technologies Co., Ltd.
• Microsoft Corporation
• Oracle Corporation
• Osram Gmbh
• SAP SE
• Schneider Electric SE
• Siemens AG
• Telensa
• Verizon
• Vodafone Group plc

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. Laboratory Informatics Market Expected To Propel Industry Growth By 2030: Grand View Research Inc.

 U.S. Laboratory Informatics Market Growth & Trends

The U.S. Laboratory informatics market size is expected to reach USD 1.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% over the forecast period. The rising demand for lab automation and information management activities owing to the increasing amount of data generated by research laboratories is one of the primary growth stimulants for the market. The COVID-19 pandemic management has become the key challenge across the globe. Clinical laboratories are struggling to manage the rapid influx of COVID-19 testing samples, which, in turn, is affecting their ability to offer precise testing.

The implementation of automated solutions, such as Laboratory Information Management Systems (LIMS), is anticipated to relieve this stress on clinical laboratories by encouraging efficient testing of voluminous samples. Laboratories are important to both research and manufacturing companies in the healthcare industry. A large amount of data is generated in these labs, which is impossible to capture, collect, store, and analyze manually. This is creating insurmountable obstacles for data management processes and conventional documentation requirements, especially in regulated environments, such as the life sciences sector.

Most laboratories manage information by combining manual & automatic methods and process it by using independent non-integrated data-processing systems. The use of isolated systems in laboratories hamper timely data transfer across information management systems, leading to unexpected delays and additional costs. In addition, manual transfer methods increase the likelihood of errors/loss, leading to added QA controls and a high number of manual transcription steps, which result in decreased efficiency and longer throughput time. The seamless flow of information from raw data to reusable knowledge is managed by a combination of various informatics systems.

In a laboratory, the deployment of these informatics systems is highly dependent on the environment (such as discovery, development, or manufacturing) and scientific domain (such as biology, chemistry, among others). The application of an informatics system in drug discovery is different from how it is used in clinical and manufacturing domains. The overall focus of laboratory informatics is efficiency improvement with respect to paperless information management, regulatory compliance, information quality, and labor cost. The aforementioned benefits are expected to augment the market over the forecast period.

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U.S. Laboratory Informatics Market Report Highlights

• The LIMS segment held a substantial share of the global revenue in 2021 owing to the high adoption by biobanks coupled with increased demand for integrated healthcare solutions
• The cloud-based solutions segment is expected to register a significant CAGR over the forecast period owing to the advantages of these solutions over on-premise and web-hosted solutions
• The services component segment held the largest share in the market in 2021 due to the increasing trend of outsourcing by life science companies
• On the basis of end-use, the life science segment accounted for the maximum revenue share in 2021 due to the high adoption of laboratory informatics systems
• Market players are involved in extensive research for innovation and upgrade of the existing systems. Thus, the introduction of new products is expected to provide this market with lucrative growth opportunities
• In November 2021, PerkinElmer, Inc. publicized the introduction of its PKeye Workflow Monitor, a cloud-based platform allowing laboratory workers to remotely manage and monitor the company’s instruments and workflows in real-time

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U.S. Laboratory Informatics Market Segmentation

Grand View Research has segmented the U.S. laboratory informatics market on the basis of product, delivery mode, component, and end use:

U.S. Laboratory Informatics Product Outlook (Revenue, USD Million, 2017 - 2030)

• Laboratory Information Management Systems (LIMS)
• Electronic Lab Notebooks (ELN)
• Scientific Data Management Systems (SDMS)
• Laboratory Execution Systems (LES)
• Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
• Chromatography Data Systems (CDS)
• Enterprise Content Management (ECM)

U.S. Laboratory Informatics Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premise
• Web-hosted
• Cloud-based

U.S. Laboratory Informatics Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services

U.S. Laboratory Informatics End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Life Sciences
  • Pharmaceutical and Biotechnology Companies
  • Biobanks/Biorepositories
  • Contract Services Organizations
  • Molecular Diagnostics & Clinical Research Laboratories
  • Academic Research Institutes
• CROs
• Chemical Industry
• Petrochemical Refineries and Oil & Gas
• Food & Beverages and Agriculture
• Environmental Testing Labs
• Others Industries

List of Key Players of U.S. Laboratory Informatics Market

• Thermo Fisher Scientific, Inc.
• Waters
• LabWare
• Core Informatics
• LabVantage Solutions, Inc.
• LabLynx, Inc.
• PerkinElmer Inc.
• Abbott
• Agilent Technologies, Inc.
• IDBS

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 Vibration Sensor Market is Estimated To Reach A Valuation of USD 9.78 Billion by 2030: Grand View Research Inc.

 Vibration Sensor Market Growth & Trends

The global vibration sensor market size is expected to reach USD 9.78 billion by 2030, registering a CAGR of 7.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing adoption of vibration sensors for predictive maintenance is expected to drive market growth. Accelerometers are the most common vibration sensors used for predictive maintenance for large rotating machines, such as pumps, motors, gearboxes, and turbines. Several companies in the market are entering into partnerships with other market players to develop smart vibration sensors. For instance, in April 2021, Advantech and RAD, IoT technology providers, partnered with Actility, a LoRaWAN Network Server provider.

Through this initiative, the companies announced the launch of Advantech’s WISE-2410 LoRaWAN smart vibration sensor with integration into the ThingPark Enterprise IoT platform of Actility. The growing demand for wireless vibration sensors among businesses due to benefits, such as long-distance communication, and use in hazardous locations is expected to drive market growth. Several market vendors are making efforts to cater to the growing demand for wireless vibration sensors. For instance, in October 2021, Fluke Reliability, a machine conditioning devices provider, partnered with Everactive, a technology company, to develop wireless vibration sensors.

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Vibration Sensor Market Report Highlights

• The accelerometers type segment led the market in 2021. A rise in the adoption of accelerometers in portable devices due to their enhanced capabilities in small unit size propelled the segment growth
• The piezoresistive technology segment led the market growth in 2021. A rise in the use of piezoresistive sensors in a variety of applications involving mechanical stress measurement favored the segment growth
• Various regulations, such as American Petroleum Institute (API) Standard 670: Machinery Protection Systems, mandate the usage of machinery monitoring systems, such as vibration sensors, in refineries. These regulations are expected to drive the market growth in the oil & gas end-use segment
• Asia Pacific is estimated to record the fastest CAGR from 2022 to 2030 due to the increasing adoption of earthquakes & tsunamis detection & prediction system in countries, such as the Philippines, South Korea, and Japan
• The vast supply chain disruptions caused by the COVID-19 pandemic hampered the market in 2020. However, the focus of several industries on automation amid the pandemic created the demand for accelerometers in 2021 as accelerometers enable users to remotely monitor their machine operations

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Vibration Sensor Market Segmentation

Grand View Research has segmented the global vibration sensor market based on type, technology, material, end-use, and region:

Vibration Sensor Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

• Accelerometers
• Velocity Sensor
• Displacement Sensor

Vibration Sensor Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

• Piezoresistive
• Strain Gauge
• Variable Capacitance
• Hand Probe
• Optical
• Tri-Axial
• Others

Vibration Sensor Material Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

• Doped Silicon
• Piezoelectric Ceramics
• Quartz

Vibration Sensor End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

• Automobile
• Consumer Electronics
• Healthcare
• Aerospace & Defense
• Oil & Gas
• Others

Vibration Sensor Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Vibration Sensor Market

• ASC GmbH
• Analog Devices, Inc.
• Dytran Instruments Inc.
• Honeywell International Inc.
• Hansford Sensors
• Safran Colibrys SA
• National Instruments Corp.
• TE Connectivity
• Bosch Sensortec GmbH
• Baumer

About Grand View Research

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

Global Market for LPG Tanker to Reflect Steadfast Expansion During 2022-2030: Grand View Research Inc.

 LPG Tanker Market Growth & Trends

The global LPG tanker market size is expected to reach USD 286.48 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Strong growth in shale gas production is likely to propel the market growth over the coming years. The volatility of crude oil prices coupled with developments in hydraulic fracturing and horizontal drilling methods resulted in major companies shifting their attention towards the production of oil and gas from shale rock. Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period. The Very Large Gas Carriers (VLGC) segment led the market in 2021.

However, the Large Gas Carrier (LGC) is anticipated to take over the forecast period by a small margin. Very large gas carriers are widely used for the transportation of liquified petroleum gas (LPG) for longer distances across various countries. Growing liquefied petroleum gas trade relationships between various regions, such as the Middle East and Asian countries, Western Africa and Europe, and the United States, is the major factor projected to boost the VLGC segment growth. The full-pressurized segment led the market in 2021 and will maintain its lead throughout the forecast period. The market is anticipated to have a steady growth in all segments as the amount of LPG transported increases.

The supply chain of the LPG and ancillary industries was affected due to the shutdown of production facilities, especially in Asia Pacific, as it was the epicenter of the COVID-19. The manufacturing and energy & power sectors globally experienced a considerable slowdown due to the COVID-19. In addition, local and international travel restrictions, quarantine requirements, and lockdowns further delayed shipments of LPG that were in process of being delivered. The market growth is determined by improved LPG trading around the globe. Shale gas extraction is likely to rise at a rapid pace, which will drive growth over the forecast years. Factors including capacity expansion of shale gas from untapped stocks enhanced global gas trade, and ongoing usage of liquefied petroleum gas as a cooking fuel is contributing to the development of the market for liquefied petroleum gas tankers.

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LPG Tanker Market Report Highlights

• In terms of revenue, the VLGC segment accounted for the maximum revenue share in 2021 and is projected to expand further at a steady growth rate over the forecast period
• The full-pressurized segment dominated the market and accounted for more than 32.5% of the global revenue share in 2021
• In 2021, Europe was the dominant regional market on account of the increasing demand for LPG
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, In August 2021 Ultragas ApS merged with Navigator gas and has created a combined fleet of 56 ships. This merger was done to stay competitive in the market and reduce the current competition
• The liquified petroleum gas market is becoming increasingly centralized with a lot of mergers and acquisitions taking place between the players

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LPG Tanker Market Segmentation

Grand View Research has segmented the global LPG tanker market based on vessel size, refrigeration & pressurization, and region:

LPG Tanker Vessel Size Outlook (Revenue, USD Million, 2019 - 2030)

• Very Large Gas Carriers (VLGC)
• Large Gas Carriers (LGC)
• Medium Gas Carriers (MGC)
• Small Gas Carriers (SGC)

LPG Tanker Refrigeration & Pressurization Outlook (Revenue, USD Million, 2019 - 2030)

• Ethylene
• Full Refrigeration
• Semi Refrigeration
• Full Pressurized

LPG Tanker Regional Outlook (Revenue, USD Million, 2019 - 2030)

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

List of Key Players of the Liquefied Petroleum Gas (LPG) Tanker Market

• BW Group
• Dorian LPG Ltd.
• EXMAR
• Hyundai Heavy Industries Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Heavy Industries, Ltd.
• Namura Shipbuilding Co., Ltd.
• PT Pertamina (Persero)
• StealthGas Inc.
• The Great Eastern Shipping Co. Ltd.

About Grand View Research

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

Dietary Supplements Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 Dietary Supplements Market Growth & Trends

The global dietary supplements market size is expected to reach USD 327.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% over the forecast period. Growing awareness regarding personal health and wellness owing to changing eating habits and hectic lifestyles is expected to drive the demand for dietary supplements over the forecast period. Increasing urbanization and growing disposable income around the world is driving the demand for products that can cover the nutritional deficit at higher convenience is the key factor driving the demand for vitamins, minerals, proteins and amino acids, and other supplement products around the world.

The increasing interest of millennials in building health through a healthy diet is expected to positively impact market growth. The obesity rate in adults in the U.S stood at 42.4% in the year 2020 which has increased from 26.0% in 2008. The Obesity rate in the European region was above 51.6% in 2014 and is continuously rising. The increasing prevalence of diseases like cardiovascular diseases, diabetes, high blood pressure is expected to bolster the demand for dietary supplements, especially in energy and weight management, gastrointestinal health, and cardiac health applications.

The rising trend of veganism around the globe is expected to benefit the plant-based nutritional products around the globe which is expected to drive the demand for botanical ingredient-based dietary supplements over the forecast period. For instance, In Jan 2021, Flume Formulas Ltd. introduced a product line of botanical supplements which included products FLOW, DRIFT, and BASK for athletes which can be used as pre-workout and post-workout energy and recovery application. Similarly, in July 2019, Amway Corp. introduced an improved version of calcium supplement Nutrilite Cal Mag D Plus in India. The company aimed to acquire an 11% market share in calcium supplements with the product launch.

The global outbreak of the COVID-19 pandemic has largely impacted the industrial output in the majority of the countries. However, the demand for food and beverage and pharmaceutical products remained unaffected. Though the companies faced challenges in terms of logistics due to imposed lockdown. The increasing demand for immunity-boosting supplements including vitamins, minerals, and several herbs benefitted the market in the year 2020.

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Dietary Supplements Market Report Highlights

• The proteins and amino acids segment is expected to register the fastest revenue CAGR of 13.4% over the forecast period. The increasing number of sports enthusiasts, bodybuilders coupled with increasing awareness among the consumers regarding the importance of protein supplements are the key driving factors of the segment
• The tablets segment accounted for the largest revenue share valued at USD 51,141.5 million in 2021. The major reason behind the high market share is their cost-effectiveness and ability to deliver a precise dosage
• The energy and weight management segment accounted for 30.6% of revenue share in 2021. The increasing prevalence of obesity among adults and children around the globe owing to changing food habits is expected to drive the demand for weight management products over the forecast period.
• The infant end-user segment is expected to witness a CAGR of 13.4% over the forecast period. Higher prevalence of malnutrition among infants in developing countries coupled with the growing acceptance of infant food products by the parents' concern with the health of their children are the key reasons for segment growth
• North America accounted for the largest revenue share valued at USD 52,874.7 million in 2021. Higher per capita income, high urbanization rate, and higher consumer awareness regarding health and wellness are responsible for the higher consumption of the dietary supplements

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Dietary Supplements Market Segmentation

Grand View Research has segmented the global dietary supplements market on the basis of ingredient, form, application, end-user, type, distribution channel, and region:

Dietary Supplements Ingredient Outlook (Revenue, USD Million, 2017 - 2030)

• Vitamins
• Botanicals
• Minerals
• Proteins & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega Fatty Acids
• Others

Dietary Supplements Form Outlook (Revenue, USD Million, 2017 - 2030)

• Tablets
• Capsules
• Soft gels
• Powders
• Gummies
• Liquids
• Others

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

• Energy & Weight Management
• General Health
• Bone & Joint Health
• Gastrointestinal Health
• Immunity
• Cardiac Health
• Diabetes
• Anti-cancer
• Lungs Detox/Cleanse
• Skin/Hair/Nails
• Sexual Health
• Brain/Mental Health
• Insomnia
• Menopause
• Anti-aging
• Prenatal Health
• Others

Dietary Supplements End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

Dietary Supplements Type Outlook (Revenue, USD Million, 2017 - 2030)

• OTC
• Prescribed

Dietary Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
  • Hypermarkets/Supermarket
  • Pharmacies
  • Specialty Stores
  • Practioner
  • Others
• Online

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK.
  • Spain
• Asia Pacific
  • China
  • Japan
  • Australia & New Zealand
  • India
• Central & South America
  • Brazil
  • Peru
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia

 List of Key Players of Dietary Supplements Market

• Amway Corp.
• Glanbia PLC
• Abbott
• Bayer AG
• Pfizer Inc.
• ADM
• NU SKIN.
• GlaxoSmithKline plc
• Bionova
• Ayanda
• Arkopharma
• Herbalife International of America, 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.

U.S. Skilled Nursing Facility And Rehabilitation Market is Projected to Boost USD 308.8 Billion by 2030: Grand View Research Inc.

 U.S. Skilled Nursing Facility And Rehabilitation Market Growth & Trends

The U.S. skilled nursing facility and rehabilitation market size is expected to reach USD 308.8 billion by 2030, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. The growing incidences of chronic conditions such as diabetes, paralysis, hypertension, etc, and the rising geriatric population is expected to fuel the market over the next few years. In 2019, the geriatric population over 65 has increased up to 9% out of which 14.3 majorities of adults above the age of 65 years suffered from chronic disease and need these facilities. Medicare and Medicaid availability and the growing technologies will play a driving role for the market in the coming years.

To cope with the COVID-19 situation, in November 2020, the Centers for Medicare and Medicaid Services released guidelines for skilled nursing facilities to help curb the spread of the novel COVID-19 infection. These measures include physical distancing (maintain distance of 6 feet from people), wearing a face mask, and limiting the number of visitors (keeping it one at a time). Majority of these facilities were not allowed to accept new residents and did not have new revenue streams for the additional expenses associated with the virus, which had a negative impact on the skilled nursing facilities services sector.

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U.S. Skilled Nursing Facility And Rehabilitation Market Report Highlights

• The freestanding segment dominated the market in 2021 due to its lower cost compared to the hospital-based facility. The freestanding segment is expected to continue the dominance and witness a great growth rate
• Skilled nursing facilities are reimbursed by medicare part A and B resulting in more sustainability and thus is a fuel factor for the growth of the market
• The market is present with small and large players, leading to higher competition among smaller players to sustain their market position. The market is quite open for new entrants due to government support and great reimbursement policies
• Mergers and acquisitions is one of the key strategic initiatives undertaken by market players to sustain in the competitive market. For instance, in December 2020, The Ensign Group, Inc. acquired Hays Nursing and Rehabilitation Center, a 116-bed skilled nursing facility located in Texas
• According to the Center for Medicare Advocacy report published in March 2021, nursing centers received billions of dollars during the pandemic from the government. For instance, as of March 2021, around 10,293 nursing facilities received Paycheck Protection Program loans, totaling around USD 5.7 billion. This program was created as a part of the CARES Act and extended by the Consolidated Appropriation Act, 2021 to provide financial assistance to businesses for retaining their employees during the pandemic. The assistance has helped these centers to offset their financial costs and losses incurred due to the pandemic

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U.S. Skilled Nursing Facility And Rehabilitation Market Segmentation

Grand View Research has segmented the U.S. skilled nursing facility and rehabilitation market on the basis of type of facility:

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

• Freestanding
• Hospital

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

• Brookdale Senior Living, Inc.
• The Ensign Group, Inc.
• Genesis Healthcare, Inc.
• Extendicare
• Sunrise Senior Living, LLC
• ProMedica
• Golden Living Centers
• Life Care Centers of America

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.

Brachytherapy Treatment Planning Systems Market is Estimated To Attain USD 1.5 Billion by 2030

 Brachytherapy Treatment Planning Systems Market Growth & Trends

The global brachytherapy treatment planning systems market size is expected to reach USD 1.5 billion by 2030, registering a CAGR of 9.3% over the forecast period, according to a new report by Grand View Research, Inc. The global prevalence of cancer and cancer-related mortality is rapidly rising and driving the demand for innovative cancer care solutions. According to Globocan 2020 estimates, in 2020, 19.3 million new cancer cases were detected across the globe. Some of the most commonly diagnosed cancer cases are breast cancer, prostate cancer, lung cancer, and colorectal cancer. According to the WHO, globally, cancer is a leading cause of death claiming one in every six lives.

The dramatically rising prevalence of cancer is boosting the demand for innovative cancer care therapies with precise and accurate outcomes. The oncology care industry is witnessing a surge in innovations and investments by key participants developing novel technologies, which are anticipated to significantly transform the cancer care treatment regime. Constantly evolving healthcare infrastructure, increasing healthcare IT spending, and the unraveling of growth opportunities in emerging economies is propelling the market growth. Various government bodies and agencies across the globe are promoting public-private partnerships to boost product development strategies.

Along with the growing prevalence of cancer, the rising number of radiotherapy centers with technologies for better brachytherapy treatment planning is boosting the market growth. In recent years, the number of well-developed and technologically advanced radiotherapy centers is increasing. The adoption of brachytherapy treatment planning and patient care management is increasing due to the availability of better radiotherapy centers, public-private partnerships for the establishment of better facilities, and strategic collaborations of major players with radiotherapy centers for providing technologically advanced machines with enhanced treatment planning and delivery software & tools.

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Brachytherapy Treatment Planning Systems Market Report Highlights

• In 2021, the auto-contouring software segment dominated the market owing to the multiple benefits offered by auto-contouring software over manual contouring
• In-room imaging segment dominated the market in 2021 owing to the reduction of therapy uncertainties and improved precision treatment
• North America was the largest regional market in 2021 owing to the high cancer prevalence and the presence of a favorable reimbursement framework & advanced healthcare infrastructure
• Market players are integrating Artificial Intelligence(AI) and Machine Learning (ML) algorithms in their product offerings to improve screening & diagnosis, simulation, treatment planning, and care management
• The integration of AI/ML has significantly improved clinical decision support, data mining, diagnosis, and imaging segments of oncology care. These algorithms can be used for image segmentation and detection of areas of clinical importance
• According to Renal & Urology News, in February 2020, AI algorithms integrated with cancer care have had a positive impact on brachytherapy effectiveness on men with prostate cancer
• The massive piling & accumulation of cancer-related data, increasing need for timely diagnosis, and high demand for tailor-made cancer treatment plans are boosting the adoption of AI/ML into oncology

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Brachytherapy Treatment Planning Systems Market Segmentation

Grand View Research, Inc. has segmented the global brachytherapy treatment planning systems market on the basis of component, technique, and region:

Brachytherapy Treatment Planning Systems Component Outlook (Revenue, USD Million, 2017 - 2030)

• Auto-Contouring Software
• Multi-Modality Software
• PET/CT Deformable Software
• DICOM-RT Software

Brachytherapy Treatment Planning Systems Technique Outlook (Revenue, USD Million, 2017 - 2030)

• 3D Image Reconstruction
• In-Room Imaging
• Image Registration using Graphics Processor Unit

Brachytherapy Treatment Planning Systems Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Brachytherapy Treatment Planning Systems Market

• Elekta AB
• RaySearch Laboratories
• Varian Medical Systems
• Prowess Inc.
• MIM Software 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.