Sugar Substitutes Market is Estimated To Reach A Valuation of USD 10.42 Billion by 2030: Grand View Research Inc.

 

Sugar Substitutes Market Growth & Trends

The global sugar substitutes market size is expected to reach USD 10.42 billion by 2030, registering a CAGR of 5.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growing consumer inclination toward low-calorie foods and beverages, particularly in developing countries, are expected to propel the industry growth during the forecast period. In addition, increasing demand for immunity boosters and less-sugary products owing to the rising consumer awareness to improve their general health and well-being is expected to accelerate the industry growth. COVID-19 had forced governments to impose lockdowns, due to which more than half of people's physical activity had been reduced.

Moreover, eating has also become more common when people are binge-watching television shows at home, and in response to various types of mental stress. Individuals are increasingly concerned regarding their health as a consequence of COVID-19 casualties; this factor influenced them to seek low-calorie sugar food items. Sugar substitutes, such as tagatose, aspartame saccharine, and sorbitol are widely used in the food & beverage, healthcare, and cosmetics industries. The rising use of sugar substitutes in frozen foods, confectioneries, bakeries, and dairy is expected to benefit the industry. The increased incidences of health problems associated with sugar intake, such as diabetes and obesity, in developing markets are driving industry growth.

Furthermore, sugar substitutes are expected to benefit from fluctuating supply as well as the pricing of sugar. The market for low-calorie, plant-based, and naturally sweet ingredients has grown, with stevia and monk fruit being high-intensity plant-based sweeteners certified by FDA GRAS. Furthermore, global demand for natural and clean-label food products is increasing as consumers have become more aware of the adverse health consequences of using artificial ingredients. According to a report by the Food & Health Survey, approximately 74% of U.S. consumers avoided sugar in their diets in 2020. In addition, the number of new product innovations emphasizing plant-based products to combat rising obesity is increasing significantly.

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Sugar Substitutes Market Report Highlights

• The high-intensity sweeteners segment held the largest revenue share in 2021 as only small quantities are required to produce the equivalent sweetness as regular sugar

• The beverage application segment dominated the global industry in 2021 due to the rising demand for low-calorie sports and health drinks among consumers

• Asia Pacific is estimated to register the second-fastest growth rate during the forecast period owing to the rising number of diabetic patients in developing countries like India and China

• Europe is anticipated to witness a rapid growth rate during the forecast period owing to the presence of numerous businesses that produce sugar substitutes, including Roquette Freres, Tate & Lyle, and E. I. DuPont De Nemours, among others

• The region is also seeing a rise in the use of sugar substitutes due to the rising number of diabetic patients

• According to the World Health Organization (WHO), around 60 million people in the European Region, or 9.6% of women and 10.3% of men aged 25 years and over, have diabetes

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Sugar Substitutes Market Segmentation

Grand View Research has segmented the global sugar substitutes market based on type, application, and region:

Sugar Substitute Type Outlook (Volume, Thousand Tons; Revenue, USD Million, 2017 - 2030)

• High-intensity Sweeteners

  • Natural

    • Stevia Extracts

    • Licorice Root Extracts

    • Monk Fruit Extracts

  • Artificial

    • Aspartame

    • Cyclamate

    • Saccharin

    • Sucralose

    • Others

• Low-intensity Sweeteners

  • Xylitol

  • Sorbitol

  • Maltitol

  • Mannitol

  • Trehalose

  • Isomaltulose

  • Others

• High Fructose Syrup

Sugar Substitute Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2017 - 2030)

• Food

  • Bakery

  • Confectionery

  • Dairy

  • Others

• Beverages

  • Juices

  • Functional Drinks

  • Carbonated Drinks

  • Non-Dairy

  • Milk and Dairy

  • Others

• Health & Personal Care

Sugar Substitute Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Mexico

  • RONA

• Europe

  • U.K.

  • Germany

  • France

  • Spain

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • Indonesia

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Turkey

  • South Africa

List of Key Players in Sugar Substitutes Market

• Tate & Lyle

• Cargill, Inc.

• Archer Daniels Midland Company (ADM)

• Ingredion Inc.

• Roquette Freres

• Ajinomoto Co.

• JK Sucralose Inc.

• The NutraSweet Company

• PureCircle

• E. I. DuPont De Nemours

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.

Pharmaceutical Glass Packaging Market is Expected to Amplify USD 37.6 Billion Value by 2030: Grand View Research Inc.

 

Pharmaceutical Glass Packaging Market Growth & Trends

The global pharmaceutical glass packaging market size is expected to surpass USD 37.6 billion by 2030, registering a CAGR of 9.2% during the forecast period, according to a new report by Grand View Research, Inc. The factors attributed to drive the market are the rapid expansion of the pharmaceutical industry, expansion in vials production during COVID-19, and growth in the commodity value of glass, augmented with recyclability. However, the increased relevance of alternate sources such as plastic is attributed to restraining the market to some extent.

The manufacturers of glass containers collaborate more closely and exchange opinions with the glass recycling supply chain, waste haulers, operators of materials recovery facilities (MRFs), glass recyclers, and consultants in order to address the opportunities and concerns with respect to the community glass recycling. For instance, in July 2022, Bormioli Pharma launched Eco Positive, a brand new range gathering all the sustainable packaging solutions manufactured by the company, including recycled glass.

Further, the pharmaceutical industry is witnessing a significant transition, and the focus on the development of pharmaceutical drugs has considerably grown during the past few years. There is rapid growth in the pharmaceutical market and research environment in emerging economies such as Brazil, China, and India, which has led to a gradual migration of economic and research activities from Europe to these fast-growing markets.

During the period 2015–2020, the markets in Brazil, China, and India grew by 11.3%, 4.8%, and 10.0% respectively as compared to average market growth of 5.0% for the top 5 European Union markets and 4.9% for the U.S. market thus, driving the market for pharmaceutical glass packaging.

However, the market for pharmaceutical glass packaging is estimated to witness a decline in the forthcoming years mainly because glass materials are expensive and are not able to provide economically viable solutions for the packaging of products for mass consumption. Plastic bottles used for pharma packaging are made of high-grade plastic which is a clear, strong, and lightweight plastic belonging to the polyester family. The adoption of plastic packaging over glass in the pharmaceutical industry is attributed to be a major restrain.

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Pharmaceutical Glass Packaging Market Report Highlights

• In terms of revenue, the generic drug type segment is projected to ascend at a CAGR of 10.1% during the forecast period. Distrust in the quality of unbranded generic medicines by the physicians/patients, high out-of-pocket patient spending for drug purchases and insufficient government promotion of unbranded generics are likely to promote the use of branded generic drugs during the coming years

• Ampoules product segment accounted for 22.4% of revenue share in 2021. Glass ampoules have been widely used in packaging injection drugs. Ampoules are one of the most used glass-based primary packaging for injectables, and their growth is clearly being seen in the cost-sensitive markets of emerging nations

• Glass delaminating has been a growing concern and has been emphasized on by the FDA for better compatibility testing of the container & drug. The development of glass vials by pharma packaging manufacturers that reduce the chances of delaminating and breakage is estimated to result in the continuation of the trend of glass vials occupying a major market share during the coming years

• In December 2020, Bormioli Pharma S.p.A. acquired ISO Arzneiverpackungen Gmbh, a German company that specializes in the production of pharmaceutical packaging and particular tubular glass vials of Type I, II, and III designed for injectable drugs, vaccines, and chromatography markets. This acquisition has allowed the former further to broaden its range of packaging for the parenteral drugs

• Companies in the pharmaceutical glass packaging industry have been trying to improve product strength to reduce breakage during the filling of these vials. In September 2019, Corning Inc. got approval from FDA to market its Corning Valor Glass which enables superior chemical durability and improves resistance to breakage, damage, and particulate contamination

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Pharmaceutical Glass Packaging Market Segmentation

Grand View Research has segmented the global pharmaceutical glass packaging market based on product, drug type, and region:

Pharmaceutical Glass Packaging Product Outlook (Volume, Million Units; Revenue, USD Million; 2017 - 2030)

• Vials

  • Small Vials

  • Large Vials

• Bottles

  • Small Bottles

  • Large Bottles

• Cartridges & Syringes

• Ampoules

Pharmaceutical Glass Packaging Drug Type Outlook (Volume, Million Units; Revenue, USD Million; 2017 - 2030)

• Generic

• Branded

• Biologic

Pharmaceutical Glass Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million; 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa (MEA)

  • Saudi Arabia

List of Key Players of Pharmaceutical Glass Packaging Market

• Corning Incorporated

• Nipro Corporation

• SGD S.A.

• Stölzle-Oberglas GmbH

• Bormioli Pharma S.r.l

• West Pharmaceutical Services, Inc.

• Schott AG

• Gerresheimer AG

• Shandong Medicinal Glass Co., Ltd.

• Beat son Clark

• Ardagh Group S.A

• Arab Pharmaceutical Glass Co.

• Piramal Enterprises Ltd.

•  Owens-Illinois, 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.

Smart Mirror Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 

Smart Mirror Market Growth & Trends

The global smart mirror market size is estimated to reach USD 1.01 billion in 2030 and is expected to grow at a CAGR of 8.8% from 2022 to 2030, according to a new report by Grand View Research, Inc.One of the primary reasons propelling the growth of the industry is the increase in demand for connected devices across the globe. The retail sector's growing need for smart mirrors is being driven by developments in Artificial Intelligence (AI), gesture recognition technology, Augmented Reality (AR), and connected devices. Smart mirrors also known as intelligent mirrors, mirror TVs, magic mirrors, and interactive mirrors, are gaining a competitive market share owing to their increasing adoption in commercial spaces and the hospitality industry.

Furthermore, the growing use of smart technology by individuals throughout the world is anticipated to fuel the growth of the industry. Established brands have been enhancing their product portfolios and launching innovative marketing strategies to gain traction and increase consumer engagement with the brand. For instance, in May 2021, Séura a U.S.-based designer technology company introduced high-tech illuminated mirrors for a wide range of applications including residential and hospitality use. The wall-mounted smart mirror segment held the largest revenue share in 2021. New product launches in wall-mounted installation types by manufacturers are likely to bode well with the segment growth.

Top private players including Electric Mirror, Inc., Evervue USA Inc., and MirrorMedia Ltd. primarily offer smart mirrors with the wall-mounted installation type. The wall-mounted segment is projected to register the fastest growth rate during the forecast period. The offline distribution channel segment led the industry in 2021. The broadening of offline distribution channels has led to the easy availability of smart mirrors to consumers, which is the primary driver augmenting segment growth. Electronic stores and independent retailers emerged as the key distribution channel for smart mirror brands on account of their large distribution network, goodwill, and huge customer base.

North America is likely to register the fastest CAGR during the forecast period. Increasing product launches by regional manufacturers in countries, such as the U.S. and Canada, through various e-commerce channels and company websites, are the key factors promoting the adoption of smart mirrors in the region. Furthermore, the adoption of smart homes in the U.S. reached 32% of all households in 2018, according to the 2019 data provided by the Housewares Organisation. Major players face intense competition from each other, as some of them operate at several locations and have large customer bases. The presence of many small-scale players is also leading to increased competition in the industry.

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Smart Mirror Market Report Highlights

• The wall-mounted segment is expected to grow at the fastest CAGR from 2022 to 2030 due to the growing demand for wall-mounted smart mirrors from the residential and commercial sectors

• The commercial segment is expected to grow at the fastest CAGR from 2022 to 2030. Key companies in the industry are launching new products with innovative designs and sizes, specifically for the hospitality and commercial sectors. This drives the segment growth

• The offline distribution channel segment held the maximum revenue share in 2021. However, the online distribution channel segment is expected to register the fastest CAGR during the forecast period

• North America was the largest region in 2021 and is projected to expand further at a higher CAGR from 2022 to 2030

• This can be attributed to the rising disposable income and increasing consumers' inclination toward smart homes in the U.S.

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Smart Mirror Market Segmentation

Grand View Research has segmented the global smart mirror market on the basis of installation type, application, distribution channel, and region:

Smart Mirror Installation Type Outlook (Revenue, USD Million, 2017 - 2030)

• Wall-mounted

• Free-Standing

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

• Residential

• Commercial

Smart Mirror Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online

• Offline

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

• North America

  • U.S.

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in Smart Mirror Market

• Electric Mirror, Inc.

• Séura

• ad notam USA LLC

• Majestic Mirror & Frame

• Avis Electronics

• Foshan Eterna Intelligent Bathroom Co., Ltd.

• MirrorMedia Ltd.

• LumiDesign

• Evervue USA Inc.

• Videotree

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. Dialysis Centers Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 

U.S. Dialysis Centers Market Growth & Trends

The U.S. dialysis centers market size is expected to reach USD 40.4 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.29% from 2023 to 2030. The high prevalence of End-Stage Renal Disease (ESRD) and favorable reimbursement are some of the key factors expected to boost growth. The expenditure on treatment is gradually rising due to the increasing prevalence of ESRD.

The availability of Medicare reimbursement for kidney disorder treatment is increasing the accessibility to the treatment. The Center for Medicare & Medicaid Services announced a new end-stage renal diseases treatment choice model for the maintenance & improvement in the reimbursement for chronic kidney disorder patients. The new model is encouraging the use of home-based treatment. In August 2022, the CMS expanded the eligibility for reimbursement for kidney disorder treatment. The expansion includes certain capital assets, mainly equipment used at home for treatment. This is increasing the accessibility to the services.

The patients need to travel to and fro the center for around 3 days per week, the proximity from the patient's residence is generally an important criterion for the center of choice. Hence the launch of new facilities is a key strategic initiative undertaken by major players to increase their market share. For instance, in May 2021, U.S. Renal Care, Inc. inaugurated three new facilities, one in-center facility and two focusing on home therapies. This expanded the company’s presence in the Southwest Florida region.

The COVID-19 pandemic resulted in patients facing difficulty in having an access to treatment for end-stage renal disorder, requiring multiple sessions within a month. According to the national kidney foundation, 15.8% of the patients undergoing treatment for end-stage renal disease had COVID-19 infection. The federal government & service providers promoted home treatment. In June 2021, a new campaign innovative kidney care was launched by nine leading healthcare organizations for patient options for receiving home treatment.

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U.S. Dialysis Centers Market Report Highlights

• Based on service, the in-center segment held the largest revenue share in 2022. This can be attributed to the need for assistance & care for the procedure, which can be facilitated better at the centers. The high preference for hemodialysis is also driving the market opportunity as it essentially requires center visits & assistance

• Based on dialysis type, hemodialysis dominated the market in 2022. This can be attributed to the preference for the segment by healthcare professionals & longer life expectancy for patients. However peritoneal dialysis is expected to have the fastest growth during the forecast period owing to the effective removal of toxic substances & high convenience of peritoneal dialysis enabling patients to independently have treatment at home

• Based on facility type, dialysis chains dominated the market in 2022. This can be attributed to the presence of such chains throughout the U.S. The availability of top-quality equipment and treatment at a lower cost compared to hospital-based facilities is driving the segment’s growth. In addition, the key players are acquiring independent facilities, resulting in most of the independent facilities being managed by chains

• Based on the region, the southeast region accounted for a significant revenue share in 2022 owing to the better accessibility to treatment and a higher elder population in the region. Florida & Georgia are among the states having the highest geriatric population in the U.S. as per the U.S. census bureau 2020 estimates

• The service providers and patients faced challenges since the onset of the COVID-19 pandemic, some of which are unique as compared to other health facilities and treatment groups. For instance, hemodialysis (HD) patients visit centers at least three times a week and during each session, the patients are exposed to all the patients concurrently receiving treatment in a particular session, and to healthcare personnel along with any additional exposure during their travel to and from the center

• Mergers & acquisitions and collaborations are being preferred by the key players, enabling them to have a competitive edge by adding value to their services. For Instance, in March 2022, Fresenius Medical Care announced a merger with InterWell Health and Cricket Health for facilitating better kidney disorder solutions

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U.S. Dialysis Centers Market Segmentation

Grand View Research has segmented the U.S. dialysis centers market based on modality, dialysis type, facility type, and region:

U.S. Dialysis Centers Modality Outlook (Revenue, USD Billion, 2017 - 2030)

• In-center

• In-home

• SNF-based

U.S. Dialysis Centers Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Hemodialysis

• Peritoneal Dialysis

U.S. Dialysis Centers Facility Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Dialysis Chains

• Independent Facilities

• Hospital-based

U.S. Dialysis Centers Region Outlook (Revenue, USD Billion, 2017 - 2030)

• Northeast

• Southeast

• Southwest

• Midwest

• West

List of Key Players in the U.S. Dialysis Centers Market

• Fresenius Medical Care AG & Co. KGaA

• U.S. Renal Care, Inc.

• DaVita Inc.

• American Renal Associates

• Dialysis Clinic, Inc.

• Satellite Healthcare

• Northwest Kidney Centers

• Centers for Dialysis Care

• Rogosin Institute

• Dialysis Care Center

• USCF Health

• Rhode Island Hospital

• University of Iowa Hospital & Clinics

• Saint Anthony Hospital

• Rush Unit Children’s Hospital

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 Blockchain In Retail Banking to Reflect Steadfast Expansion During 2022-2030: Grand View Research Inc.

 

Blockchain in Retail Banking Market Growth & Trends

The global blockchain in retail banking market size is expected to reach USD 140.26 billion by 2030, advancing at a CAGR of 83.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rise in the fintech industry, the IT industry revolution, the rise in competition, and evolving customer expectations are some of the reasons that are driving the market growth. Retail banks are focusing on adopting digital transformation and advanced technologies to streamline their business process and customer offerings, which bodes well for the adoption of blockchain in retail banking.

Blockchain technology uses distributed, decentralized ledger that records transactions across many networks, which cannot be altered once registered. This provides banks with the necessary infrastructure to maintain their data confidentiality, real-time information, and payment transactions. Additionally, no single entity controls the ledger and every time a transaction is added, everyone on the network gets a copy of it. This provides the utmost transparency to retail banks, contributing to the market's growth.

Blockchain technology also facilitates real-time payments, enabling users to make payments 24/7. Adopting this technology helps banks save on costs and meet the latest security standards while providing a sophisticated customer experience. Leading banks across the globe are adopting blockchain for operational efficiency, which is anticipated to boost the demand for these platforms, further propelling the industry’s growth.

The COVID-19 outbreak played a crucial role in the development of blockchain in the retail banking market. Significant banks and non-banking financial corporations in the retail segment have shifted from traditional technologies to digital infrastructure. Thus, market leaders' introduction of advanced blockchain financial software in retail banking and increasing digital infrastructure fueled during the pandemic are some critical factors contributing to the market's growth.

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Blockchain in Retail Banking Market Report Highlights

• The hybrid segment is expected to witness significant growth over the forecast period. Hybrid blockchain combines the benefits provided by both public and private blockchains. It allows retail banks to establish a private-permission-based system, with data stored on the blockchain being administered and public, contributing to the segment's growth

• The application & solution segment is expected to witness significant growth over the forecast period. Blockchain provides applications & solutions, which include remittance, KYC, and fraud detection, enhancing retail banks' business processes. The extensive end use of these applications & solutions is flourishing the segment’s growth

• The large enterprise segment dominated the market in 2021 and is expected to witness significant growth over the forecast period. Large enterprises deal with enormous amounts of data that must be processed, verified, and streamlined for better employee and consumer experience. Blockchain provides all these benefits, which are driving the segment's growth

• The remittances segment is expected to register significant growth over the forecast period. Some of the challenges faced by traditional remittance services include higher processing time and higher service costs. Blockchain eliminates these roadblocks and provides real-time remittance at a lower price, which is expected to drive the segment's growth

• Asia Pacific is expected to register rapid growth during the forecast period. The region is a hotspot for technologically inclined youth, who are more adaptable to technologies. Additionally, the favorable government initiatives to promote blockchain and many retail banks adopting advanced technologies to offer enhanced customer experience are driving the region's growth

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Blockchain in Retail Banking Market Segmentation

Grand View Research has segmented the global blockchain in retail banking market based on type, component, enterprise size, application, and region:

Blockchain in Retail Banking Type Outlook (Revenue, USD Million, 2017 - 2030)

• Public

• Private

• Hybrid

Blockchain in Retail Banking Component Outlook (Revenue, USD Million, 2017 - 2030)

• Application & Solution

• Infrastructure & Protocols

• Middleware

Blockchain in Retail Banking Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Blockchain in Retail Banking Application Outlook (Revenue, USD Million, 2017 - 2030)

• Remittances

• KYC & Fraud Prevention

• Risk Assessment

Blockchain in Retail Banking Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • Italy

  • France

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa (MEA)

List of Key Players in the Blockchain in Retail Banking Market

• Unicsoft

• Accenture plc

• Cognizant technology solutions corp.

• International Business Machines Corporation (IBM)

• Microsoft Corporation

• Digital Asset Holdings, LLC

• Tata Consultancy Services (TCS)

• Axoni (SCHVEY, INC.)

• Ping An Insurance (Group) Company of China, Ltd.

• Santander Bank, N. A.

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.

Anastomosis Devices Market is Projected to Boost USD 5.84 Billion by 2030: Grand View Research Inc.

 

Anastomosis Devices Market Growth & Trends

The global anastomosis devices market size is expected to reach USD 5.84 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.6% from 2022 to 2030. The rising prevalence of cardiovascular and gastrointestinal diseases is poised to propel the demand for anastomosis devices in the forthcoming years. According to the WHO, an estimated 17.9 million people died from Cardiovascular Diseases (CVD) in 2019, which represented 32% of all deaths in the world. It also states that 85% of these deaths are due to strokes and heart attacks. Coronary Heart/Artery Disease (CHD/CAD) is the most common type of heart disease and approximately 805,000 Americans have a heart attack each year. Surgery is crucial for the treatment of such life-threatening diseases, thereby increasing the adoption of anastomosis devices in these surgeries.

The outbreak of COVID-19 impacted elective procedures. Restrictions of COVID-19 resulted in postponements to the number of procedures performed. Presently most countries have elevated restrictions on elective procedures. Consequently, there would be lucrative demand for anastomosis devices as these procedures start with full force. Besides, demand for healthier patient outcomes will drive the introduction of advanced technologies in anastomosis devices and promotes market growth. For instance, in October 2020, GI Windows Corp. raised $16.4 million in a Series A-1 funding that involved investment from Johnson & Johnson Innovation and others. The funds are allotted to improve the development and clinical trials of the firm’s anastomosis technology.

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Anastomosis Devices Market Report Highlights

• Disposable anastomotic devices will continue to dominate the market until 2030, commanding just over 88.0% of the overall revenue share. The growth can be attributed to wide product offering by various market players

• Reusable anastomotic devices are anticipated to exhibit a CAGR of about 6.0% over the forecast period owing to the increasing need to reduce biomedical waste

• Based on application, cardiovascular surgery held the largest share of the market in 2021 owing to the rising prevalence of CHD and the increasing number of CABG procedures around the globe

• The ambulatory care centers & clinics segment is anticipated to expand at a lucrative CAGR of 5.6% during the forecast period. Increasing healthcare expenditure owing to the rising prevalence of chronic diseases and cases of hospital readmissions has encouraged the expansion of outpatient centers

• North America was at the forefront in the global arena owing to the presence of well-structured reimbursement policies, widening base of the target population, and local presence of a large number of key players

• Asia Pacific is expected to register a lucrative CAGR of 6.5% during the forecast period owing to the growing geriatric population, rising incidence of CVD, rapid developments in the healthcare sector, and increasing disposable income

• Key market players are engaged in various strategies such as distribution agreements and product innovation to augment their market penetration. For instance, in November 2020, GI Windows Medical Corp. broadcasted that the self-forming magnetic compression anastomosis device has received U.S. FDA Breakthrough Device Designation

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Anastomosis Devices Market Segmentation

Grand View Research has segmented the global anastomosis devices market based on product type, application, end-user, and region:

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

• Disposable

• Reusable

Anastomosis Devices Application Outlook (Revenue, USD Million, 2017 - 2030)

• Cardiovascular Surgery

• Gastrointestinal Surgery

• Others

Anastomosis Devices End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals

• Ambulatory Care Center & Clinics

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

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

• MEA

  • South Africa

List of Key Players of the Anastomosis Devices Market

• Medtronic

• LivaNova PLC

• MAQUET Holding B.V. & Co. KG.

• Dextera Surgical Inc.

• Vitalitec Internaional Inc.

• Synovis Micro Companies Alliance, Inc.

• Ethicon US, LLC

• Peters Surgical

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.

Aerosol Market to Partake Significant Development During 2022 to 2030: Grand View Research Inc.

 

Aerosol Market Growth & Trends

The global aerosol market size is anticipated to reach USD 131.9 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.6% during the forecast period. The rising demand for aerosol products from various end-use industries, such as personal care, household, automotive and industrial, and medical, is anticipated to drive the growth. Aerosol paints are being increasingly used for automotive as well as architectural paint applications. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are key factors driving their demand in architectural and automotive paint end-use industries.

Furthermore, the rapidly expanding construction sector, especially in developing countries such as India, China, Vietnam, and Indonesia, is expected to further fuel the product demand in paint application. Globally, the cases of respiratory diseases, such as asthma and Chronic Obstructive Pulmonary Disease (COPD), have considerably increased over the past several years, majorly due to the changing lifestyle and rising geriatric population. The growing cases of such respiratory diseases are principally driving the demand for aerosol-based inhalers. In addition, high demand for various pain relief sprays owing to their convenience of application is further anticipated to expand the market growth in the coming years. Asia Pacific is among the significant regional markets.

The rising demand for personal care products from developing countries is anticipated to propel the demand for aerosol. In addition, increasing awareness regarding cleanliness and hygiene is boosting the growth of household products like cleaners, sanitizing agents, and air fresheners. The growing demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to set up its fourth manufacturing facility in India. The global market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for the emerging sectors, such as household and personal care.

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Aerosol Market Report Highlights

• The personal care application segment accounted for the largest revenue share in 2021 due to extensive usage of aerosol in deodorants, hair mousses, hair sprays, and others due to its convenience, which contributed to the growth of this segment

• The automotive & industrial application segment is anticipated to grow at a steady CAGR from 2021 to 2030 due to increasing preference for aerosol-based greases and oils by the automobile service stations

• Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2030 on account of the rising penetration of retail, growing construction activities, and increasing sales of automobiles

• The market in Europe is expected to witness sluggish growth in the coming years owing to the regulations regarding Volatile Organic Compounds (VOCs) emissions imposed by the European Commission and Environmental Protection Agency (EPA)

• The global market is highly competitive owing to the presence of major players like Proctor & Gamble, Reckitt Benckiser, etc.

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

Aerosol Market Segmentation

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

Aerosol Material Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Steel

• Aluminum

• Others

Aerosol Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Bag-In-Valve

• Standard

Aerosol Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Personal Care

  • Deodorants

  • Hair Mousse

  • Hair Spray

  • Shaving Mousse/Foam

  • Suncare

  • Others

• Household

  • Insecticides

  • Plant Protection

  • Air Fresheners

  • Furniture & Wax Polishes

  • Disinfectants

  • Surface Care

  • Others

• Automotive & Industrial

  • Greases

  • Lubricants

  • Spray Oils

  • Cleaners

• Food

  • Oils

  • Whipped Cream

  • Edible Mousse

  • Sprayable Flavours

• Paints

  • Industrial

  • Consumer

• Medical

  • Inhaler

  • Topical Application

• Others

Aerosol Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players of Aerosol Market

• Proctor & Gamble

• Reckitt Benckiser

• Unilever

• Honeywell International Inc.

• SC Johnson & Son Inc.

• Henkel

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.

India Consumer Electronics Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 

India Consumer Electronics Market Growth & Trends

The India consumer electronics market size is expected to reach USD 124.94 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2022 to 2030. Rising disposable income, rapid urbanization, and the introduction of novel products in the market are expected to further contribute to the market growth.

The demand for flat refrigerators, washing machines, and TVs is rising with a decline in penetration of products vis-à-vis global levels, urbanization, and increasing disposable income of consumers. There has been an increase in imports from regions such as China and South-East Asia, considered to be low-cost regions, owing to certain free-trade agreements and the availability of low-cost products, in relation to costs about local manufacturing. To effectively suffice the rising local demand and export demand to the neighboring regions and the Middle East and Africa, global market participants are planning to expand their local manufacturing in India, thus making it an export hub.

However, presently the Indian manufacturers are facing challenges such as an inverted duty structure due to free trade agreements, which makes Indian manufacturing uncompetitive for white goods, including ACs, refrigerators, and washing machines. The non-applicability of Modified Special Packages Scheme (MSIPS) in several consumer durables; hiked excess duties, under-developed and insufficient local supplier base; and high-cost of manufacturing and capital costs owing to frequently changing energy efficiency requirements also contribute to this scenario.

The drivers contributing to the growth of this market relate to increasing levels of income and urbanization, improved affordability of products, product innovation, the availability of newer variants of products, easy consumer financing, and a rise in the share of organized retail. Increasing local value addition levels and growing investment will observe a manifold jump as an increasing number of OEMs are foreseeing the localization of their products in India.

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India Consumer Electronics Market Report Highlights

• The televisions product segment accounted for the second-largest revenue share in 2021. The increasing per capita income, burgeoning middle class, and increasing standard of living in the country are leading to a rise in demand for television sets. Promotion and advertisement activities carried out by the leading industry participants such as Samsung have positively augmented the market growth, and this trend is expected to continue over the forecast period

• The air conditioners product segment is expected to register a significant CAGR from 2022 to 2030. The increased spending power of the average Indian consumer, together with the strengthening of the residential sector in India, will contribute to an increase in demand for air conditioners in the country

• The digital cameras product segment is projected to register the fastest CAGR of 7.8% from 2022 to 2030. The demand in India has been stimulated by its rising popularity among consumers due to its capacity to offer high-quality images. In addition, rising interest in wildlife, fashion, and wedding photography has fueled the expansion of the digital camera market

Access Press Release@ https://www.grandviewresearch.com/press-release/india-consumer-electronics-market-analysis

India Consumer Electronics Market Segmentation

Grand View Research has segmented India consumer electronics market on the basis of product:

India Consumer Electronics Product Outlook (Revenue, USD Million, 2017 - 2030)                          

• Smartphones

• Televisions

• Refrigerators

• Washing Machines

• Digital Cameras

• Air Conditioners

• Others              

List of Key Players of India Consumer Electronics Market

• Samsung Electronics Co., Ltd.

• LG Electronics, Inc.

• Godrej Appliances

• Sony Corporation

• Mitsubishi Electric Corporation

• Vijay Sales

• Panasonic Corporation

• Haier Consumer Electronics Group

• Bajaj Electricals Ltd.

• Hitachi Ltd.

• Toshiba Corporation

• Whirlpool Corporation

About Grand View Research

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

U.S. Acute Hospital Care Market Growth With Worldwide Industry Analysis To 2030: Grand View Research Inc.

 

U.S. Acute Hospital Care Market Growth & Trends

The U.S. acute hospital care market size is expected to reach USD 2,635.6 billion by 2030 and is expected to expand at a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Significant increase in the number of patients suffering from chronic diseases such as cancer, diabetes, heart disease, and stroke is driving the market growth. Increasing incidence of trauma, demand for acute hospitals, and unmet medical needs are expected to boost growth. In addition, technological advancements for improving the quality of treatment to reduce Length of Stay (LOS) and achieve a faster Turnaround Time (TOT) are expected to aid growth. As per the CMS Hospital Compare List, the U.S. has roughly 4,749 acute care hospitals.

According to Agency for Healthcare Research and Quality (AHRQ), the vast majority of these hospitals- about 70%- are part of a healthcare system. This trend may increase the importance of these facilities in determining how people are treated. According to CDC in 2018, each year, around 2.8 million people in the U.S. suffer from traumatic brain injuries, which lead to approximately 56,000 deaths and 282,000 hospitalizations. Around 2.5 million of these patients are treated and released from the emergency room annually. In addition, according to the National Spinal Cord Injury Association, each year, around 17,730 cases of spinal cord injury are recorded in the U.S., out of which, around 20% to 30% opt for neurological rehabilitation.

Acute hospital care aims to help patients attain stable and healthy medical conditions as well as discharge them as early as possible. The aforementioned factors are anticipated to drive the overall market growth in the coming years. The COVID-19 pandemic had a substantial impact on healthcare utilization across all sectors of the U.S. healthcare system. Hospitals were flooded with COVID-19 patients, straining ICUs beyond their customary capacity and increasing mental health boarding. ICU utilization declined following the initial increase, however, ICU/CCU days remained greater than that in 2019. As per Massachusetts HPC Report, ICU/CCU days increased by 10.0% between 2019 and 2020, despite a decline in admissions. Moreover, healthcare utilization of non-COVID-19 patients decreased as a result of a variety of factors, including state and federal guidance intended to preserve needed hospital bed capacity while minimizing infection transmission, patient reluctance to receive in-person care, and shift to telehealthcare.

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U.S. Acute Hospital Care Market Report Highlights

• The emergency care segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. This can be attributed to the growing incidence of accidents, burns, heart attacks, severe bleeding, acute infections, and other conditions. As per CDC, each year, roughly 130.0 million people visit emergency departments in the U.S. Adults aged 18 and over attended EDs at a rate of approximately 22.0% in 2019

• The general acute care hospital segment accounted for the maximum market share in 2021 owing to a growing number of admissions at these facilities. In recent years, there is a drastic shift of patients from EDs to these facilities, which is poised to surge segment growth

• The ICU segment held the major share of the market in 2021. This can be attributed to the growing patient population requiring intensive monitoring. Moreover, the ongoing COVID-19 pandemic is expected to boost the demand for intensive care

• Mergers and acquisitions and partnerships are some of the key strategies being undertaken by the market players. For instance, in June 2019, Community Health Systems, Inc. acquired Northwest Mississippi Medical Center in Clarksdale, Mississippi, with its 181 licensed beds and other outpatient and ancillary services

Access Press Release@ https://www.grandviewresearch.com/press-release/us-acute-hospital-care-market-analysis

U.S. Acute Hospital Care Market Segmentation

Grand View Research has segmented the U.S. acute hospital care market on the basis of medical condition, facility type, service and region:

U.S. Acute Hospital Care Medical Condition Outlook (Revenue, USD Billion, 2017 - 2030)

• Emergency Care

• Short-term Stabilization

• Trauma Care

• Acute Care Surgery

  Others

U.S. Acute Hospital Care Facility Type Outlook (Revenue, USD Billion, 2017 - 2030)

• General Acute Care Hospitals

• Psychiatric Hospitals

• Specialized Hospitals

• Rehabilitation Hospitals

• Long Term Acute Care (LTAC)

U.S. Acute Hospital Care Service Outlook (Revenue, USD Billion, 2017 - 2030)

• Intensive Care Unit (ICU)

• Neonatal Intensive Care Unit (NICU)

• Coronary Care Unit (CCU)

• Others

U.S. Acute Hospital Care Region Outlook (Revenue, USD Billion, 2017 - 2030)

• Northeast

• Southeast

• Southwest

• Midwest

• West

List of Key Players of U.S. Acute Hospital Care Market

• TH Medical (Tenet Healthcare Corporation)

• Universal Health Services Inc.

• Community Health Systems, Inc.

• Ascension

• Lifepoint Health, Inc.

• Ardent Health Services

• Emerus Hospital Partners, LLC

• Stanford Health Care, Inc.

• NYU Langone Hospitals

• NewYork-Presbyterian Hospital

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.