Veterinary Medicine Market is Projected to Boost USD 54.6 Billion by 2030: Grand View Research Inc.

 

Veterinary Medicine Market Growth & Trends

The global veterinary medicine market size is expected to reach USD 54.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.3% over the forecast period. The companion animal segment is anticipated to demonstrate the fastest growth during the forecast period owing to the increasing prevalence of chronic diseases and rising demand for advanced treatment alternatives for canines suffering from chronic diseases. The COVID-19 pandemic resulted in regulatory changes, which are anticipated to iron out the disruptions, thereby increasing manufacturing and adoption of vet medicines in near future.

The federal government has taken various relief measures, which include new tax provisions, small business loans, and unemployment insurance to respond to the pandemic and support the veterinarians. AVMA has also taken supportive measures to support small veterinary businesses or practices. In August 2020, the USFDA stated that 6 out of 32 animal drug companies could soon face shortages who source their API from China. Due to labor shortage, there is also reduced capacity to work on animal health activities, such as vaccination, good biosecurity, and prophylactic treatment. The manufacturing units are taking preventive measures for the uninterrupted production of veterinary drugs.

The growing consumption of meat is fueling the demand for mandatory vaccination for animals, which results in market growth. According to The World Counts, meat consumption is estimated to range between 460-570 million tons by 2050. Such factors are expected to drive the demand for medicinal feed additives & antibiotics to boost livestock production and thereby fueling the market growth. An increase in the consumption of animal-based products, recent developments in feed production, implementation of innovative animal husbandry practices to advance meat quality, and standardization of meat products due to disease outbreaks have also boosted the demand for animal feeds, thereby creating growth opportunities for the companies operating in this space.

The new regulations on veterinary medicines and medicated feed enforced from January 2022 within the European Union are expected to support European Union action to fight against antimicrobial resistance. These types of supportive initiatives undertaken by regulatory bodies to keep antimicrobials (comprising antibiotics) effective based on a ‘One health’ approach are expected to maintain animal and public health. Moreover, it also improves the access to high-quality & safe-to-use medicines for livestock farmers, veterinarians, and pet owners. The market leaders are involved in strategic collaborations, acquisitions, investments in new product segments, mergers, and new product launches to sustain the competition.

For instance, in July 2021, Nutreco acquired Bigsal Nutrição Animal from H.I.G. Capital in Brazil. This strengthened the company’s position in the animal nutrition space, of the Brazilian market. In February 2021, Virbac opened the R&D facility dedicated to warm water aquaculture in Vietnam. The new facility would enable the development of vaccines, probiotics, and other products for aquatics. Initiatives like these are anticipated to propel market growth in the coming years. In October 2021, Boehringer Ingelheim invested an additional USD 112.68 million in its veterinary public health capacity in Lyon-Jonage, France. This new capacity will be one of the largest biotechnology manufacturing sites for veterinary vaccines in Europe. Leading players have maintained their market position in terms of product penetration, regional presence, revenue, as well as strategic initiatives.

Request a free sample copy or view report summary: Veterinary Medicine Market Report

Veterinary Medicine Market Report Highlights

• The production animal segment is projected to register a significant CAGR over the forecast period. Increasing focus on food safety and sustainability by government healthcare organizations globally is contributing to the segment growth

• The biologics segment, which includes vaccines, is expected to exhibit the fastest CAGR over the forecast period owing to the increasing awareness regarding the importance of vaccination in animals

• The oral mode of administration is expected to grow at the fastest growth rate from 2022 to 2030 owing to the increasing incidence of chronic conditions in pets

• The reference laboratories segment is anticipated to witness lucrative growth in the coming years due to the high demand as laboratories enable testing of various infections, toxic agents, and different ailments in specimens obtained from pets

• North America held the second-largest revenue share in 2021, due to the high prevalence of zoonotic diseases in this region. Moreover, reimbursement programs across the U.S. make this continent a major contributor to the market

• Asia Pacific is anticipated to witness the fastest CAGR from 2022 to 2030 owing to the rising adoption of pet animals, growing concerns regarding animal health, and the high prevalence of diseases in animals

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

Veterinary Medicine Market Segmentation

Grand View Research has segmented the global veterinary medicine market on the basis of animal type, product, mode of delivery, end-user, and region:

Veterinary Medicine Animal Type Outlook (Revenue, USD Million, 2017 - 2030)

• Production

  • Poultry

  • Swine

  • Cattle

  • Sheep & Goats

  • Fish

• Companion

  • Dogs

  • Cats

  • Horses

  • Others

Veterinary Medicine Product Outlook (Revenue, USD Million, 2017 - 2030)

• Biologics

  • Vaccine

    • Live attenuated vaccines

    • DNA Vaccines

    • Recombinant Vaccines

    • Inactivated Vaccines

    • Others

  • Others

• Pharmaceuticals

  • Parasiticides

  • Anti-infectives

  • Anti-inflammatory

  • Analgesics

  • Others

• Medicated Feed Additives

Veterinary Medicine Mode of Delivery Outlook (Revenue, USD Million, 2017 - 2030)

• Oral

  • Powder

  • Tablets

• Parenteral

• Suspension

• Topical

• Carrier

Veterinary Medicine End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Reference Laboratories

• Point-of-Care Testing/In-house Testing

• Veterinary Hospitals & Clinics

• Others

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

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Turkey

  • Israel

List of Key Players of Veterinary Medicine Market

• Merck Animal Health

• Ceva Sante Animale

• Vetoquinol S.A.

• Zoetis

• Boehringer Ingelheim GmbH

• Elanco

• Nutreco N.V.

• Virbac

• Kindred Biosciences, Inc.

• Biogenesis Bago

• Indian Immunologicals Ltd.

• Neogen Corp.

• Hester Biosciences

• Phibro Animal Health

• Dechra Pharmaceuticals 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.

Car Wash Services Market Revenue Sales to Reach USD 38.61 Billion by 2030: Grand View Research Inc.

 

Car Wash Services Market Growth & Trends

The global car wash services market size is anticipated to reach USD 38.61 billion by 2030, registering a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Consumer preference for professional vehicle wash services over home washing is growing as the on-demand car wash trend continues. A key trend among customers with hectic lifestyles and busy schedules is the shift from ‘do-it-yourself’ to ‘do-it-for-me’. The concept of “all-new, all the time” appears to have driven wash centers’ popularity as automated car washing has become the norm for vehicle owners during the last few decades. In the automobile care industry, new technologies and equipment have improved the wash process, gained market share, and raised client expectations.

In addition, the United States Census Bureau in 2020 estimated that more than 70% of automobile owners in America started using car wash facilities instead of washing their cars at home in the last decade (2011 -2020). Every day, nearly 8 million vehicles are washed in car washes, according to the estimates. Furthermore, technological advancements are transforming the face of on-demand vehicle wash services. The main purpose of improving car wash technology is to reduce friction and manual vehicle preparation time, resulting in cleaner, drier vehicles in less time. Touchless and hybrid car washing are two technologies that are moving the business forward.

The COVID-19 pandemic had a huge impact on the industry. During the peak of the pandemic, most businesses were closed. New York State authorized car washes to resume in late April 2021, but only under severe conditions that limited the number of personnel allowed on site and prohibited in-person payment. Furthermore, the pandemic ushered in several significant improvements in the industry. To make it easier for tech-savvy consumers, car washes have begun to use smartphone apps and online booking systems. Car washes are beginning to take smartphone payments as well. For some clients, not processing virtual wallet payments can be a deal-breaker in an increasingly cashless environment. Car washes that accept more payment methods than a credit card reader attract more clients and grow more quickly.

Request a free sample copy or view report summary: Car Wash Services Market Report

Car Wash Services Market Report Highlights

• Professional vehicle washing services are good for the environment as they use two-thirds less water than home car washes

• The roll-over/in-bay segment accounted for the largest share in 2021 and is expected to register a steady CAGR over the forecast period. Less operating costs, less installation area, and low water use are a few of the primary drivers boosting the operator demand for in-bay car washes

• The cashless payment segment accounted for the highest share in 2021 and is estimated to ascend with a significant CAGR over the forecast period

• The market growth is fueled by technological advancements in the banking industry, as well as a rise in the number of car wash providers that accept cashless payments

• North America had the largest market share in 2021. The changing business dynamics in the region, as well as a huge number of strategic alliances between industry competitors, are driving the regional market

• For example, the International Car Wash Group (ICWG) purchased Village Express Car Wash in October 2020. Through this acquisition, ICWG positioned itself for additional growth in the region

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

Car Wash Services Market Segmentation

Grand View Research has segmented the global car wash services market on the basis of type, mode of payment, and region:

Car Wash Services Type Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• Tunnels

• Roll-over/In-bay

• Self-service

Car Wash Services Mode of Payment Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• Cash Payment

• Cashless Payment

Car Wash Services Regional Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • Australia

  • China

• Central & South America

  • Brazil

• Middle East & Africa

  • UAE

List of Key Players of Car Wash Services Market

• Splash Car Wash

• Zips Car Wash

• International Car Wash Group (ICWG)

• Autobell Car Wash

• Quick Quack Car Wash

• Super Star Car Wash

• True Blue Car Wash, LLC

• Magic Hands Car Wash

• Hoffman Car Wash

• Wash Depot Holdings 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.

Toys And Games Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 

Toys And Games Market Growth & Trends

The global toys and games market size is anticipated to reach USD 439.91 billion by 2030, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Sales increased as the pandemic spread. Toy sales increased in 2020, with games & puzzles, dolls & action figures, and outdoor plays being the most popular categories. The use of weather-related items was a big aspect of outdoor activity. Sleds, snow-coloring toys, inflatables, and tools for building snow structures flew off the shelves.Due to the ease of accessibility, a large range of products, and competitive pricing, consumers are increasingly purchasing toys and games through the e-commerce channel.

Furthermore, internet portals assist 24 hours a day, seven days a week, and offer a wide range of products to choose from, as well as substantial discounts on branded products.In addition, families wanted to spread a little extra cheer during the pandemic, thus retailers had a successful holiday season in 2020. Sports toys, such as skateboards and scooters, outperformed fashion dolls and accessories, as well as building sets like Lego. In 2020, due to increased traffic to its website on Black Friday, Lego had to construct a virtual wait for online consumers.Moreover, market players have improvised their offerings during the pandemic by introducing Science, Technology, Engineering, and Math (STEM)-based games and toys.

For instance, an activity desk launched by V-tech includes STEM games. Parents had to resort to home-schooling and opted for STEM-based toys and games.Furthermore, the coronavirus pandemic led to an increased demand for indoor games since children and adults alike were spending more time at home. Asia Pacific dominated the global market in 2021. North America was the second-largest regional market in the same year, while Africa was the smallest regional market.

Request a free sample copy or view report summary: Toys And Games Market Report

Toys And Games Market Report Highlights

• The global market is expected to grow at a CAGR of 4.7% from 2022 to 2030. Children have been more interested in interactive and multi-functional toys and games in recent years, which has had a favorable impact on the market

• Furthermore, with rising consumer spending, the demand for toys, such as action figures, plush toys, puzzles, sports equipment, and pre-school products, is growing

• The electronic games segment accounted for the largest share in 2021 and is expected to expand at a steady CAGR over the forecast period

• Owing to the work-from-home lifestyle adopted across countries, consumers have been substituting their outdoor activities with in-house leisure activities, such as electronic games, video games, and puzzles

• The offline segment accounted for the largest share in 2021 and is estimated to ascend with a steady CAGR over the forecast period

• Increasing product visibility at retail stores is expected to fuel the sales of toys and games through the offline channel segment

• Asia Pacific had the largest market share in 2021 owing to the growing awareness about branded and licensed games and toys

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

Toys And Games Market Segmentation

Grand View Research has segmented the global toys and games market on the basis of product, application, distribution channel, and region:

Toys & Games Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Electronic Games

• Outdoor & Sport Toys

• Dolls

• Preschool Toys

• Games and Puzzles

• Others

Toys & Games Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Up to 8 Years

• 9 - 15 Years

• 15 Years & Above

Toys & Games Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline

• Online

Toys & Games Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

List of Key Players of Toys And Games Market

• Dream International Limited

• VTech Holdings Ltd.

• The LEGO Group

• Sanrio Company, Ltd.

• Playmates Toys Limited

• JAKKS Pacific, Inc.

• Mattel

• Hasbro

• Konami Holdings Corporation

• Bandai Namco Holdings 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.

Reusable Water Bottle Market is Anticipated To Generate Significant Revenues by 2030: Grand View Research Inc.

 

Reusable Water Bottle Market Growth & Trends

The global reusable water bottle market size is expected to reach USD 12.61 billion by 2030, registering a CAGR of 4.3% over the forecast period, according to a new report by Grand View Research, Inc. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop eco-friendly products.Moreover, the extensive use of disposable bottles in sports and public places is discouraged by various campaigns to create awareness among people, which isexpected to promote market growth. Some governments have taken initiatives for the same.

For instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives. In addition, increasing environmental awareness among consumers is likely to remain the fundamental driver for the market. Due to this, the majority of the leading players in the market have adopted new strategies, which are commonly driven by the need to improve the consumer experience.During the COVID-19 pandemic, consumers have been refrained from physical shopping and largely opted for online purchases. This scenario has driven the manufacturers to distribute their products via online channels, promoting the usage of reusable water bottles through the online distribution channel.

For instance, this trend has encouraged many new entrants and existing companies, such as 24Bottles, Friendly Cup, and United Bottles, to drive up sales using online traction. In terms of material type, the plastic segment is expected to register the fastest CAGR from 2022 to 2030. With sustainability becoming a major issue owing to the surge in plastic waste generated by single-use plastic water bottles, several countries like India, Canada, the U.K., and France, have banned single-use plastics and are promoting the reuse and refilling of bottles, which will propel the segment growth.

Request a free sample copy or view report summary: Reusable Water Bottle Market Report

Reusable Water Bottle Market Report Highlights

• The plastic segment is projected to register the fastest growth rate during the forecast period. The demand for plastic-based reusable bottles among consumers is increasing owing to the easy availability of a variety of products as a result of the low cost of manufacturing by producers

• The online distribution channel segment is expected to grow at the fastest CAGR during the forecast period

• The increasing availability of a wide range of products of different brandson e-commerce platforms with services, such as free delivery and seasonal discounts,is among the major factors driving the segment

• Asia Pacific accounted for the largest revenue share in 2021due to the high demand for silicone, glass, and metal bottles in the region as a result of thegrowing awareness regarding the negative impact of single-use water bottles on marine life and the environment

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

Reusable Water Bottle Market Segmentation

Grand View Research has segmented the global reusable water bottle market on the basis of material type, distribution channel, and region:

Reusable Water Bottle Material Type Outlook (Revenue, USD Million, 2017 - 2030)

• Glass

• Stainless Steel

• Plastic

• Silicon

• Others

Reusable Water Bottle Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Specialty Stores

• Convenience Stores

• Supermarkets & Hypermarkets

• Online

Reusable Water Bottle Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • India

• Central & South America

• Middle East & Africa

List of Key Players of Reusable Water Bottle Market

• Tupperware Brands Corp.

• SIGG Switzerland AG, GmbH

• CamelBak Products, LLC

• Klean Kanteen

• Contigo

• Aquasana Inc.

• Hydaway

• Nalgene

• S’well

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.

Yeast Beta-glucan Market Estimated to Experience a Hike in Growth by 2030: Grand View Research Inc.

 

Yeast Beta-glucan Market Growth & Trends

The global yeast beta-glucan market size is expected to reach USD 353.9 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2022 to 2030. Immune-boosting properties associated with the product are likely to open numerous opportunities for the product growth in applications including food and beverage, pharmaceutical, and animal feed. Yeast beta-glucan is a polysaccharide that binds with immune cells and improves immune responses within the body. Yeast beta-glucan has been considered to be a valuable food ingredient owing to numerous health benefits such as its ability to reduce upper respiratory tract infections, help reduce cholesterol, and improve gut health.

Saccharomyces boulardii, which is a strain of Saccharomyces cerevisiae (baker's yeast), is effective for the treatment or prevention of various gastrointestinal (GI) problems, including a few different forms of diarrhea such as diarrhea associated with antibiotics, traveler’s diarrhea, and acute and persistent diarrhea. Yeast-based probiotic strain often finds application in animal feed owing to its low cost. The rise in upper respiratory tract infections, which reached 17.2 billion in 2019 in the U.S., has increased the emphasis on immunity-boosting medication and supplements such as yeast beta-glucan in the U.S., propelling the growth of the market in the country.

Furthermore, on account of the COVID-19 pandemic, the consumers are becoming more concerned about their health and immunity, which is likely to have a positive impact on the industry growth. The majority of the players operating in the market are focusing more on their supply chain and global distribution network in order to meet the increasing product demand in various application industries across the globe.

Request a free sample copy or view report summary: Yeast Beta-glucan Market Report

Yeast Beta-glucan Market Report Highlights

• The animal feed application segment is expected to expand at the fastest CAGR of 9.0% in terms of revenue over the forecast period on account of its ability to enhance growth and immunity

• The food and beverages application segment held the largest revenue share of over 30.0% in 2021 and is projected to maintain its lead throughout the forecast period owing to rapid R&D and production-related investments in the sector

• The personal care and cosmetics application segment is expected to expand at a volume-based CAGR of 8.1% from 2022 to 2030 owing to its rising demand for manufacturing toners, conditioners, and skin moisturizers

• The market is driven by strong application-based research and development, thus key players operating in the global market such as Cargill, Incorporated, and Lesaffre are expected to put more emphasis on R&D activities

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

Yeast Beta-glucan Market Segmentation

Grand View Research has segmented the global yeast beta-glucan market on the basis of application and region:

Yeast Beta-glucan Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Food & Beverages

• Personal Care & Cosmetics

• Pharmaceuticals

• Animal Feed

• Others

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players of Yeast Beta-glucan Market

• Cargill, Incorporated

• Lesaffre Human Care

• EMD Millipore

• Biorigin

• Kerry Group plc

• Lallemand, Inc.

• Specialty Biotech Co., Ltd.

• Van Wankum Ingredients

• Angel Yeast Co., Ltd.

• Leiber

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.

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

 

Ferrosilicon Market Growth & Trends

The global ferrosilicon market size is expected to reach USD 13.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.4% from 2022 to 2030. Rising demand for ferrosilicon in the steel and cast iron industries is anticipated to contribute to market growth over the forecast period. Ferrosilicon is used as a deoxidizer in the steel industry to prevent the loss of carbon during the production process. As a result, rising investment in the steel industry is anticipated to augment the market growth. For instance, in January 2022, POSCO commenced construction of a new galvanized steel plant in Tangshan, Hebei, China, which is jointly owned by HBIS Group.

The USD 600 million plants are anticipated to have an annual production capacity of 900 kilotons and will supply galvanized steel sheets to the automotive industry. Furthermore, due to their long life span and good compressive strength, cast iron pipes are widely used in plumbing applications. Companies involved in cast iron pipe production are expanding their capacity, thereby fueling ferrosilicon consumption. For instance, in December 2021, AMERICAN SpiralWeld Pipe Company, a producer of cast iron pipe, announced its decision to invest USD 40 million to expand its operation in Richland County, U.S. Furthermore, rising investments in China’s construction industry are expected to benefit market growth.

For instance, China initiated five major infrastructure projects in the third quarter of 2021, one of them was an investment of USD 4,793 million in the construction of a railway line from Liuzhou to Wuzhou covering a distance of 237.78 kilometers. Such projects are aiding the consumption of steel and related products, thereby, positively influencing market growth over the forecast period. The market is competitive with a presence of a large number of players scattered across different regions. To uphold and expand their presence, market vendors are involved in acquisition activities. For instance, in February 2022, Elkem ASA acquired the remaining 50% stake in the Salten energy recovery plant from Kvitebjørn Energi, thus, taking 100% ownership. This acquisition aims to enable the production of environmental-friendly ferrosilicon grade.

Request a free sample copy or view report summary: Ferrosilicon Market Report

Ferrosilicon Market Report Highlights

• The deoxidizer segment accounted for the largest revenue share of over 69.0% in 2021, and this trend is expected to continue across the predicted timeline owing to the rising production of steel. For instance, crude steel production increased to 3.7% from 2020 to 2021 reaching 1,950.5 million tons, according to a report by World Steel Association

• The cast iron segment is anticipated to register the fastest CAGR of 3.4%, in terms of revenue, across the forecast period, owing to the use of ferrosilicon as an inoculant in the industry

• The shifting trend from non-stick cookware to those made up of cast iron, owing to growing concerns about potential health risks, is projected to emerge as the key driver for cast iron end-use segment growth over the forecast period

• Asia Pacific dominated the market and accounted for a revenue share of 66.8% in 2021. The rising production of automobiles and investments in the construction industry are influencing the demand for ferrosilicon in the region

• In North America, the market is projected to witness a CAGR of 2.2%, in terms of revenue, over the forecast period. The U.S. is anticipated to be the major market of the North American region over the forecast period

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

Ferrosilicon Market Segmentation

Grand View Research has segmented the global ferrosilicon market on the basis of application, end-use, and region:

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

• Deoxidizer

• Inoculants

• Others

Ferrosilicon End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Carbon & Other Alloy Steel

• Stainless Steel

• Electric Steel

• Cast Iron

• Others

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Russia

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • GCC

List of Key Players of Ferrosilicon Market

• Elkem ASA

• Eurasian Resources Group

• FINNFJORD AS

• FENGERDA GROUP

• Ferroglobe

• IMFA

• OM Holdings Ltd.

• Russian Ferro-Alloys Inc.

• SINOGU CHINA

• VBC Ferro Alloys Limited

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 Non-contact Infrared Thermometers Market Outlook & Future Forecast Report Till 2030

 

Non-contact Infrared Thermometers Market Growth & Trends

The global non-contact infrared thermometers market size is anticipated to reach USD 1.09 billion by 2030, registering a CAGR of 12.42% over the forecast years, according to a new report by Grand View Research, Inc. Increasing number of infectious diseases, technological advancements, and increasing use of non-contact infrared thermometer in various industries are among the major factors driving this market growth. For instance, according to the NCBI, adenovirus infection is estimated to be responsible for 7% of all respiratory infections, which lead to fever. Furthermore, 25% of people infected with adenovirus require hospitalization due to excessive fever. Thus, with the increasing number of infectious diseases, the market is anticipated to grow during the forecast period.

The growth in the food industry is another factor helping the market impel. For instance, according to the Food & Drink Federation U.K., the food & beverage industry in the U.K. has contributed to around USD 38.14 billion in 2019, which is 2.3% more than the previous year. Similarly, according to the India Brand Equity Foundation, the Indian food & beverage industry accounts for approximately 3% of the country’s GDP. The food & beverage industry requires non-contact infrared thermometers to calculate the temperature of the manufactured products during their production and storage. As these products are temperature-sensitive, they need to be manufactured and stored at a particular temperature.

Furthermore, an increase in the number of contagious diseases around the world and the growth of various industries, such as healthcare, hospitality, and food & beverages, are expected to support the market growth. The outbreak of COVID-19 also boosted the market growth; however, with the introduction of the COVID-19 vaccine, and a decrease in the number of COVID-19 cases, the growth is expected to slow down. On the other hand, as the lockdown has been lifted by almost all the countries, the hospitality sector is expected to witness significant growth during the forecast period. Therefore, the use of fixed-mount non-contact infrared thermometers in restaurants, lodges, and other hospitality sectors is expected to increase, thereby propelling market growth to a certain extent.

Request a free sample copy or view report summary: Non-contact Infrared Thermometers Market Report

Non-contact Infrared Thermometer Market Report Highlights

• The handheld type segment dominated the global market in 2021 owing to a rise in the number of patients suffering from fever

• The medical application segment dominated the global market in 2021 and is expected to grow further at a considerable CAGR over the forecast years

• This growth can be attributed to the rapid technological advancements and rise in the number of patients suffering from various infectious diseases

• The healthcare end-use industry segment dominated the market in 2021 and is projected to expand further at the fastest CAGR from 2022 to 2030

• North America was the dominant regional market in 2021 owing to the presence of robust healthcare infrastructure

Access Press Release@ https://www.grandviewresearch.com/press-release/global-non-contact-infrared-thermometer-market

Non-contact Infrared Thermometer Market Segmentation

Grand View Research has segmented the global non-contact infrared thermometer market on the basis of type, application, end-use, and region:

Non-contact Infrared Thermometer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld

• Fixed-mount

Non-contact Infrared Thermometer Application Outlook (Revenue, USD Million, 2018 - 2030)

• Medical

• Non-medical

Non-contact Infrared Thermometer End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage Industry

• Healthcare Industry

• Hospitality Industry

• Other Industries

Non-contact Infrared Thermometer Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

• Latin America

  • Mexico

  • Brazil

  • Argentina

  • Colombia

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Non-contact Infrared Thermometer Market

• PCE Instruments

• Testo SE & Co. KGAA

• Cole Parmer

• Paul Hartmann

• Contec Medical Systems Co. Ltd.

• Braun Healthcare

• Chino Corporation

• Hanna Instruments

• Meditech Equipment

• Omron Healthcare

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.

Injection Molding Market is Estimated To Attain USD 397.6 Billion by 2030

 

Injection Molding Market Growth & Trends

The global injection molding market size is anticipated to reach USD 397.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2022 to 2030. The market is driven by the rising demand for injection-molded components from various end-user industries since it offers cost-effective and efficient methods for manufacturing high-volume production of parts and products. The market has witnessed growth especially from the medical industry, with the emergence of the COVID-19 pandemic, as this product can offer accuracy, a high range of operation, repeatability, and cleanliness. Furthermore, packaging manufacturers leverage injection molding with robotics to run faster production rates with cost-effectiveness.

The market has witnessed surged adoption in recent years on account of the manufacturing technology employed for producing complex products. Players incorporate industry 4.0 in their process, thereby optimizing the requirement of raw materials, lowering costs, increasing automation, flexibility among other things. COVID-19 pandemic had caused supply chain disruptions in 2020 resulting in losses for the service providers as demand from various end-user industries was halted. However, with the infusion of economic stimulus packages, manufacturers have adopted automation to shorten production cycle time, thereby increasing productivity and profits.

The demand for plastic injection molding is witnessing significant growth due to high tensile strength and high-temperature endurance that have led to the surged usage of engineering-grade plastic resins for molded products. Moreover, plastic resins enable a reduction in manufacturing waste, product weight, and overall manufacturing costs. Companies providing molding services are engaged in acquiring the latest technologies to meet the changing demands from the medical industries and increase manufacturing capacity. For instance, in August 2021, HTI Plastics installed a new 420-ton injection molding press with an integrated Engel Viper 20 robot to advance its machinery capabilities.

Request a free sample copy or view report summary: Injection Molding Market Report

Injection Molding Market Report Highlights

• The plastics segment accounted for a revenue share of 98.3% in 2021 owing to its low cost and suitability for high-volume production runs and applications that require consistency in design and strict tolerances

• The medical application segment is expected to witness a CAGR of 5.7% from 2022 to 2030 owing to growing accessible treatment for surgical and diagnostic procedures used to prevent, treat, and rehabilitate illness

• In Asia Pacific, the market is expected to witness a CAGR of 5.5% over the forecast period on account of expanding healthcare infrastructure, automobile, packaging industry coupled with growing research and availability of skilled labor

• In February 2022, Beacon Medtech Solutions announced a partnership with Sumitomo Demag to increase its molding press capacity to expedite the manufacturing and delivery of precision plastic and silicone components

• In February 2022, Comar, a medical device and packaging solution provider acquired Automatic Plastics Ltd. Through this acquisition, the company aims to strengthen its presence in the pharmaceutical and medical sectors

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

Injection Molding Market Segmentation

Grand View Research has segmented the global injection molding market on the basis of material, application, and region:

Injection Molding Material Outlook (Revenue, USD Million, 2017 - 2030)

• Plastics

• Metals

• Others

Injection Molding Application Outlook (Revenue, USD Million, 2017 - 2030)

• Packaging

• Consumables & Electronics

• Automotive & Transportation

• Building & Construction

• Medical

• Others

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • Italy

  • U.K.

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players of Injection Molding Market

• C&J INDUSTRIES

• All-Plastics

• Biomerics

• HTI Plastics

• The Rodon Group

• EVCO Plastics

• Majors Plastics, Inc.

• Proto Labs, Inc.

• Tessy Plastics

• Currier Plastics, Inc.

• Formplast GmbH

• H&K Müller GmbH & Co. KG

• Hehnke GmbH & Co KG

• TR PLAST GROUP

• D&M Plastics, LLC

About Grand View Research

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

Industrial Pumps Market Poised to Garner Maximum Revenues During 2022– 2030: Grand View Research Inc.

 

Industrial Pumps Market Growth & Trends

The global industrial pumps market size is expected to reach USD 92.98 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2022 to 2030. The market is primarily driven by the increasing investments in the exploration and production activities by the oil & gas companies, coupled with the rising adoption in the oil & gas industry across the globe.

The oil & gas sector is one of the most predominant markets in the world. In oil-producing countries like the Middle East, the product demand is driven by ongoing drilling activity. In addition, the rising hydraulic fracturing in the oil & gas industry is driving the demand for process equipment in the U.S., thereby driving the industry over the forecast period.

The pandemic impacted the demand for this product negatively as the lockdown restrictions aimed at limiting the spread of the virus across the globe resulted in the closure of industrial pump manufacturing facilities. Furthermore, the travel restrictions caused severe supply chain disruption, making it difficult for manufacturers to obtain raw materials for production.

The growing demand for water supply on account of the increasing population is augmenting the demand for water and wastewater treatment facilities across the world. Furthermore, the increasing investments in wastewater treatment plants, coupled with the rising adoption of the pump in these plants, are expected to drive the market over the forecast period.

Technological advancements and new product launch amid the COVID-19 pandemic restrictions are expected to drive the industry. For instance, with the launch of the DDP096, a 92cc/rev medium-duty radial piston pump that offers digital operational capabilities in the industries, Danfoss unveiled a new series of digital displacement hydraulic pumps in January 2021.

Major oil & gas refiners are anticipated to upgrade their existing infrastructure to produce low-sulfur fuels on account of the IMO 2020 standard that is effective from January 1, 2020. The demand for this product is expected to witness significant growth owing to the ongoing and projected refinery upgrades across the globe.

Request a free sample copy or view report summary: Industrial Pumps Market Report

Industrial Pumps Market Report Highlights

• By product, centrifugal pumps held the largest revenue share of over 65.0% in 2021 owing to their increased applications in water supply, sewage disposal, food and beverage manufacturing, chemical, and oil & gas industries

• The water and wastewater application segment is expected to expand at the fastest CAGR from 2022 to 2030 on account of the increased demand for water treatment to address the global water crisis

• The market in China is expected to expand at a CAGR of 5.8% over the forecast period owing to the rapid growth in the food and beverage industries, which is attributed to the increasing population in the country

• The Asia Pacific region is expected to expand at the fastest CAGR from 2022 to 2030 due to the region’s increased investment in industrialization

• The construction application segment held the second-largest revenue share in 2021 as a result of the increased infrastructure investment to support the growing demand for these products on account of the growth in the population

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

Industrial Pumps Market Segmentation

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

Industrial Pumps Product Outlook (Revenue, USD Million, 2017 - 2030)

• Centrifugal Pump

  • Axial Flow Pump

  • Radial Flow Pump

  • Mixed Flow Pump

• Positive Displacement Pump

  • Reciprocating

  • Rotary

  • Others

• Others

Industrial Pumps Application Outlook (Revenue, USD Million, 2017 - 2030)

• Oil & Gas

• Chemicals

• Construction

• Power Generation

• Water & Wastewater

• Others

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • U.K.

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players of Industrial Pumps Market

• Grundfos Holdings A/S

• Xylem

• Ingersoll-RandSPX Flow

• KSB SE & Co,KGeA

• Sulzer Ltd.

• Pentair

• Iwaki. Co. Ltd.

• ITT 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. Concierge Medicine Market Expected to Deliver Dynamic Progression By 2030

 

U.S. Concierge Medicine Market Growth & Trends

The U.S. concierge medicine market size is expected to reach USD 13.3 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.27% over the forecast period. Rising waiting time for a physician appointment, shortage of physicians and rising prevalence of chronic diseases are driving the patients from conventional settings to non-traditional care settings. This, coupled with more time with physicians, fewer hospitalizations, and focus on preventive care are driving the growth of the market. The U.S. healthcare system is currently dealing with a critical shortage of PCPs, as the majority of medical graduates are taking specialization courses.

According to the Association of American Medical Colleges, the U.S. is anticipated to witness a shortage of 21,000 to 55,200 primary care doctors by 2032. This is expected to widen the gap between healthcare demand and the supply of doctors. Hence, many patients are moving towards subscription-based care to ensure easy access to quality care even if there is a physician shortage. Physician burnout is the prime reason for the increasing adoption of the retainer care model. According to the Medscape National Physician Burnout & Suicide Report 2020, 42% of the physicians accepted that they are burned out. The survey consisted of over 15,000 physicians in over 29 specialties.

Female doctors are experienced more burnout and stress. In the retainer model, the physicians manage to earn more despite small patient panels and establish a work-life balance. The idea of controlling their work, setting equal membership fees compared to male counterparts, allocating more family time, and pursuing personal and professional interests is offering an attractive choice to the women practitioners. As a result, a large number of female doctors are switching to a retainer or membership-based practice. An increasing number of specialists are embracing the retainer care model in recent years. Specialties, such as endocrinology, podiatry, pediatrics, OB-GYN, rheumatology, psychiatry, dermatology, nephrology, oncology, and others, are witnessing a gradual increase in concierge care.

According to the Physicians Foundation 2016 Survey of Americas Physicians, in 2016, 6.9% of the specialists were planning to switch to cash or concierge practice. The rising participation and interest of specialty physicians in the membership model is expected to boost the market growth. The COVID-19 pandemic has increased the demand for membership-based practices. Many people adopted the membership model to ensure better access to COVID-19 testing, vaccines, and treatment. Furthermore, many physicians facing financial crises due to reduced patient volume switched to retainer practice, thereby propelling the market growth.

Request a free sample copy or view report summary: U.S. Concierge Medicine Market Report

U.S. Concierge Medicine Market Report Highlights

• The primary care segment dominated the market in 2021 due to the high demand for primary care services and sizeable aging population, which has increased the work burden on existing physicians

• Thus, to reduce their stress and maintain work-life balance, many physicians are downsizing to membership-based medicine where they keep less patient volume. This is expected to fuel the segment growth in the coming years

• The group segment held the maximum portion of the overall market revenue share in 2021 owing to the VIP services provided in the membership model

• As transitioning to the retainer model requires legal compliance, high advertisement, and patient communication, many physicians merge their practice with concierge medicine companies. This is propelling the segment’s growth

• In April 2020, Paragon Private Health announced its merger with Signature MD to provide world-class concierge medicine programs and an innovative service offering in areas, such as remote monitoring and telehealth. This will establish the company as a premier provider of membership-based support services

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

U.S. Concierge Medicine Market Segmentation

Grand View Research has segmented the U.S. concierge medicine market on the basis of application and ownership:

U.S. Concierge Medicine Application Outlook (Revenue, USD Million, 2017 - 2030)

• Primary Care

• Pediatrics

• Osteopathy

• Internal Medicine

• Cardiology

• Psychiatry

• Others

U.S. Concierge Medicine Ownership Outlook (Revenue, USD Million, 2017 - 2030)

• Standalone

• Group

List of Key Players of U.S. Concierge Medicine Market

• MDVIP

• Signature MD

• Crossover Health

• Specialdocs Consultants, LLC

• PartnerMD

• Concierge Consultants & Cardiology

• Castle Connolly Private Health Partners

• Peninsula Doctor

• Cambell Family Medicine

• Destination Health

• Priority Physicians, Inc.

• U.S. San Diego Health

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.