Protein Expression Market Is Expected To Accomplish A Valuation Of Around USD 6.5 Billion By 2030: Grand View Research Inc.

 

Protein Expression Market Growth & Trends

The global protein expression market size is expected to reach USD 6.5 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.1% from 2022 to 2030. The increasing research in proteomics and genomics, the rising incidence of chronic diseases, and escalating demand for biologic products around the globe are enhancing the demand for protein expression, which is likely to drive the market. For instance, in April 2022, in a research published on Frontiers Media S.A., researchers differentially expressed 22 proteins to identify potential diagnostic biomarkers for Multiple Sclerosis (MS).

An increase in R&D investments by the players is estimated to have a considerable impact on the usage of protein expression. In August 2022, the managing director of Biocon Biologics stated in one of his interviews that the overall cost of the R&D is 12-14% of revenues. The investment is essential to build a sustainable portfolio of around 20 biosimilar molecules and the company is anticipated to launch at least once every 1-2 years. The approximate cost of developing these molecules is USD 50-100 million.

Other determinants such as rapid acceleration in the demand for protein therapeutics and government investment in the applications of the protein expression industry are also supporting the market growth. For instance, in May 2022, Proteomics International Laboratories was awarded approximately USD 286,833 funding from the Australian Government under the Medical Research Future Fund (MRFF) initiative. The funding is expected to support the manufacturing of the PromarkerD test in Australia. Such financial assistances are likely to supplement the market growth in the coming years.

The outbreak of the COVID-19 pandemic developed the urge to profile and conduct differential gene expression analyses on COVID-19 patients. Research published in Briefings in Bioinformatics, March 2021, employed the data of protein-drug interaction to identify the prospective drugs for COVID-19. As a result, the usage of the process is projected to upsurge during the COVID-19 pandemic and contribute to market growth.

The growing requirement for personalized therapy and vaccine is expected to be the key factor fueling the market growth during the forecast period. For instance, in January 2022, Amgen announced a collaboration with Generate Biomedicines to discover and develop protein therapeutics for various areas. The companies are estimating the worth of this collaboration around USD 1.9 billion.

The increasing development of recombinant proteins for industrial use, such as the production of food and beverages, is anticipated to boost the use of protein expression in the non-healthcare sector. However, the retail pricings of recombinant proteins for industrial and pharmaceutical uses are drastically different as pharmaceutical proteins are sold for billions of dollars per kg, while industrial proteins for tens of dollars per kg. R&D, clinical trials, and patents are the additional requirements of pharmaceutical proteins. 

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Protein Expression Market Report Highlights

• By expression system, the prokaryotic segment accounted for the largest share in 2021. The high usage of this system among the researchers is due to enabling them to produce biologically active proteins in large quantities in a short time

• By product, the services segment is anticipated to witness lucrative growth over the forecast period. The increasing outsourcing to CROs and growing demand for recombinant protein in the non-healthcare sectors are fueling the segment growth

• By application, the therapeutic segment dominated the market in 2021. This is attributed to an increase in R&D investment and strategic initiatives such as fundraising

• By end-user, the pharmaceutical and biotechnological companies segment held the largest revenue share in 2021 owing to the growing demand for biologics for chronic diseases

• North America dominated the global market in 2021 owing to the availability of funding opportunities for emerging players, along with the existence of significant R&D investment in the region 

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Protein Expression Market Segmentation

Grand View Research has segmented the global protein expression market based on expression system, product, application, end-user, and region:

Protein Expression System Outlook (Revenue, USD Million, 2018 - 2030)

• Prokaryotic

• Mammalian Cell

• Insect Cell

• Yeast

• Others

Protein Expression Product Outlook (Revenue, USD Million, 2018 - 2030)

• Reagents

• Competent Cells

• Expression Vectors

• Services

• Instruments

Protein Expression Application Outlook (Revenue, USD Million, 2018 - 2030)

• Therapeutic

• Industrial

• Research

Protein Expression End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & Biotechnological Companies

• Academic Research

• Contract Research Organizations

• Others

Protein Expression 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

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Protein Expression Market

• Agilent Technologies, Inc.

• Bio-Rad Laboratories

• Thermo Fisher Scientific, Inc.

• Merck Millipore

• New England BioLabs, Inc.

• Promega Corporation

• QIAGEN

• Takara Bio, Inc.

• Oxford Expression Technologies

• Lucigen 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.

Automated Liquid Handling Technologies Market Revenue is Expected to Reach USD 4.20 Billion by 2030: Grand View Research Inc.

 

Automated Liquid Handling Technologies Market Growth & Trends

The global automated liquid handling technologies market size is expected to reach USD 4.20 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.44% from 2022 to 2030. Automated liquid handling technology has changed wet lab research handling by allowing substantial restructuring of the manufacturing and research facilities of the pharma and biotech companies. There is increasing acceptance of liquid handling robots to restore the conventionally reserved wet lab bench work areas. This factor is expected to drive the market.

The key aspects of maintaining the overall productivity of these companies are the efficient and accurate handling of the liquid samples. This makes biopharma companies and research laboratories rely greatly on robotics and automation. Usage of preprogrammed and customizable procedures reduces the need for management as it allows scientists to invest additional time in the analysis of data. Moreover, the buyers have a choice to select from various liquid handling technologies such as positive displacement, air displacement dispensing, acoustic, and piezoelectric. This choice to pick from a variety of automated liquid handlers impacts the power of the buyer. Significant market players are involved in manufacturing low-volume liquid handling systems owing to the increasing adoption of microplates and microfluidics in lab processing.

The COVID-19 pandemic has augmented the industry growth significantly as the demand for ALHsystem has increased with an upsurge in the need to process the specimens quicker in the laboratory for COVID-19 virus research with the examination of virus genetic makeup and study of COVID-19 virus genetic mutations. Thus, the pandemic has positively impacted the market. Moreover, new product launches accelerated the growth of the market during the pandemic. For instance, in April 2022, Novacyt introduced a novel ALH system to meet the increasing requirement for no manual pipetting in COVID-19 Polymerase Chain Reaction testing. Furthermore, in March 2020, Hamilton Company announced numerous automation-related initiatives to help healthcare researchers and workers during the coronavirus pandemic. The company launched two innovative automated assay-ready workstations, established on the company’s liquid handling workstation (Microlab STARlet), which enables rapid, research-based testing of SARS-CoV-2 and high-throughput diagnostic.

In addition, effective miniaturization of the assay platforms reduces workflow expenditure, thereby decreasing the usage of expensive reagents. Miniaturized platforms are developed for highly précised liquid handling for different processes such as plate washing, bulk dispensing, and liquid transfer. Small benchtop workstations are marketed by Hamilton Company, PerkinElmer, Beckman Coulter, and LABCYTE INC.

Demand for effective miniaturization is another major factor driving the market. The cost of testing is a main worldwide issue. Countries want to increase the speed of testing but are barred by cost and testing capacity, particularly in the developing regions. Miniaturization of the test protocol has achieved a huge reduction in cost while sustaining reliability and throughput. Automated liquid handling provides scientists with a new layer of opportunity, which cannot be accomplished by manual pipetting alone. Additionally, miniaturization is seen as a keystone in advancing biological research. In the last 20 years, technology has inclined to miniaturization to boost the throughput (microarray and DNA/protein on chip technology) and manufacture accurate assays to characterize molecules and cells in drug discovery and research.

ALH systems are space-consuming, complicated, and expensive and leave many scientists unable or unwilling to maximize the capability of their work. All these issues restrain the growth of the market. However, to overcome these problems, researchers from the Vanderbilt Center for Bone Biology developed OTTO. This open-source automated liquid handler is low-priced as compared to other available products in the market. As these researchers reported, this platform can be fabricated at the cost of $1,500 using off-the-shelf and 3D-printable parts as a substitute for commercial devices.

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Automated Liquid Handling Technologies Market Report Highlights

• By product, the automated liquid handling workstations segment held the largest share in 2021. The growing competition among the pharmaceutical companies and their pursuit of new drugs to treat diseases effectively drive the adoption of automated workstations

• Multipurpose workstations are projected to witness the fastest growth during the forecast period due to their rapid adoption by the pharma and biopharma CROs. These workstations enable microplate washing, multichannel pipetting, and bulk reagent dispensing within a single unit

• By application, the drug discovery and ADME-Tox research segment dominated the market in 2021. Various applications in drug discovery and ADME Tox include stepwise serial dilution over a wide concentration range, selection and transfer of compounds for the retest, and confirmatory and further analysis

• Cancer and genomic research is expected to witness the fastest growth during the forecast period owing to the ability of these workstations to handle multiple samples of microliter to picoliter volume

• Workflow complexity and the need for the fastest target screening resulted in the increase in the installation of automated workstations by the pharmaceutical and biotechnology companies

• North America dominated the market in 2021 owing to the rapid adoption of advanced platforms, the high cost of hiring skilled professionals, and the presence of key players

• Asia Pacific is expected to expand at the fastest CAGR during the forecast period owing to the rapid progress of the pharma and biopharmaceutical companies in the region

• High economic developments in APAC countries are anticipated to increase investments in the life science, medicine, and pharmaceutical sectors. Progress in these sectors is expected to fuel the demand for automated workstations, especially those based on microfluidics

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Automated Liquid Handling Technologies Market Segmentation

Grand View Research has segmented the global automated liquid handling technologies market report based on product, application, end-user, and region:

Automated Liquid Handling Technologies Product Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• Automated Liquid Handling Workstations

  • By Assembly

    • Standalone Workstations

    • Integrated Workstations

  • By Type

    • Multipurpose Workstation

    • Pipetting Workstation

    • Specialized Liquid Handler

    • Workstation Module

• Reagents & Consumables

  • Reagents

  • Accessories

Automated Liquid Handling Technologies Application Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• Drug Discovery & ADME-Tox Research

• Cancer & Genomic Research

• Bioprocessing/Biotechnology

• Others

Automated Liquid Handling Technologies End-user Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• Academic & Research Institutes

• Pharmaceutical & Biotechnology Companies

• Contract Research Organizations

Automated Liquid Handling Technologies Regional Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of the Automated Liquid Handling Technologies Market

• Thermo Fisher Scientific, Inc.

• Agilent Technologies

• Aurora Biomed, Inc.

• AUTOGEN, INC.

• Danaher

• BioTek Instruments, Inc.

• Analytik Jena AG

• Corning Incorporated

• Eppendorf AG

• Formulatrix, Inc.

• Gilson, Inc.

• Hamilton Company

• Hudson Robotics

• LABCYTE INC.

• Lonza

• PerkinElmer, Inc.

• QIAGEN

• Thermo Fisher Scientific, Inc.

• Tecan Trading AG

• METTLER TOLEDO

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.

Technological Advancements to Influence Bone And Joint Health Supplements Market Growth 2022-2030: Grand View Research Inc.

 

Bone And Joint Health Supplements Market Growth & Trends 

The global bone and joint health supplements market size is expected to reach USD 3.8 billion by 2030 and is expected to expand at a CAGR of 7.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing prevalence of orthopedic disorders among the geriatric and adult population is one of the major factors driving the market. According to the CDC, around 58.5 million people are diagnosed with arthritis and it is more common in women as compared to men. Also, the increasing burden of arthritis is anticipated to drive the industry during the forecast period. As per the CDC, around 78.4 million adults aged 18 years and above are anticipated to be diagnosed with arthritis. Moreover, the rising geriatric population across the globe is fueling industry growth as the prevalence of orthopedic disorders increases with age. Around 49.6% of people aged above 65 years are diagnosed with arthritis. 

Furthermore, the rising health consciousness, increasing consumer interest in active living, and rising disposable income are among the key factors driving the industry. In addition, increasing awareness regarding micronutrient deficiencies, increasing access to supplements, availability of multiple products, and the increasing number of distribution channels are supporting the growth. 

Moreover, the increasing focus of key companies on various strategies to meet consumer demand is impelling market growth. For instance, in March 2022, Bioiberica entered into a partnership with ByHealth to develop a product for joint health brand “Highflex” in the China market. Furthermore, the manufacturers are developing new supplements in various formulations to attract the consumer base, thereby positively impacting the industry's growth. For instance, in February 2022, Gadot Biochemical Industries launched ‘Cal2Mag’, a new mineral blend combining calcium and magnesium, to specifically target bone health. 

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Bone And Joint Health Supplements Market Report Highlights

• The market is anticipated to grow owing to the increasing consumption of supplements for bone health, increasing access to supplements, and rising prevalence of micronutrient deficiencies among adults

• The vitamin product segment dominated the market in 2021 due to the increasing prevalence of vitamin D deficiency in children and adults. This, in turn, is raising the demand for vitamin supplements to support bone and joint health

• The capsules formulation segment held the largest share in 2021 owing to its high preference due to the ease of consumption

• Based on consumer group, the geriatric population segment dominated the market in 2021 owing to the increasing prevalence of arthritis and osteoporosis among the geriatric population and the rising incidence of bone fractures due to osteoporosis

• By sales channel, in 2021, the bricks and mortar segment held the largest share owing to the presence of a large number of providers, lucrative discounts, and high consumer trust in the direct sales channel

• North America dominated the market in 2021 due to the increasing number of people suffering from joint disorders and rising awareness regarding healthy and active lifestyle

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Bone And Joint Health Supplements Market Segmentation

Grand View Research has segmented the global bone and joint health supplements market based on product, formulation, consumer group, sales channel, and region: 

Bone & Joint Health Supplements Product Outlook (Revenue, USD Million, 2016 - 2030)

• Vitamins

• Minerals

• Collagen

• Omega-3

• Glucosamine

• Others

Bone & Joint Health Supplements Formulation Outlook (Revenue, USD Million, 2016 - 2030)

• Capsules

• Tablets

• Powders

• Softgels

• Others

Bone & Joint Health Supplements Consumer Group Outlook (Revenue, USD Million, 2016 - 2030)

• Infants

• Children

• Adults

• Pregnant Women

• Geriatric Population

Bone & Joint Health Supplements Sales Channel Outlook (Revenue, USD Million, 2016 - 2030)

• Bricks And Mortar

  • Direct Selling

  • Chemist/Pharmacies

  • Health Food Shops

  • Hyper Markets

  • Super Markets

• E-commerce

Bone & Joint Health Supplements Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • Italy

  • France

  • Spain

  • Russia

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Mexico

  • Brazil

  • Argentina

• Middle East Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Bone And Joint Health Supplements Market

• Herbalife International of America, Inc.

• GNC Holdings, Inc.

• Nature’s Bounty Co.

• Bayer AG

• BY-HEALTH Co., Ltd.

• Amway

• Basf SE

• Reckitt Benckiser

• Vita Life Sciences Ltd.

• Glanbia Plc

• Now Foods

• Pfizer

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.

Medical Tubing Market is Anticipated To Generate Significant Revenues by 2030: Grand View Research Inc.

 

Medical Tubing Market Growth & Trends

The global medical tubing market size is expected to reach USD 19.50 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rising respiratory diseases such as pulmonary fibrosis, asthma, and lung cancer are expected to increase the demand for medical tubing as it is a significant component of respiratory devices such as ventilators that facilitate breathing.

Plastics play an important role in the manufacture of medical tubes such as vascular catheters and stent holders due to their inertness to body fluids and tissues, resistance to sterilization conditions, low cost for high volume applications, and higher optical properties. Thus, medical tubes made of plastics are witnessing increased adoption in medical devices.

The growing middle-class population and healthcare facilities have changed the attitude of consumers toward preventive healthcare, which is expected to augment the demand for medical devices, including medical tubing, over the forecast period. In addition, the growing awareness of hospital-acquired diseases is projected to drive demand for disposable medical devices.

The recent Covid-19 pandemic has led to an increase in hospitalizations, augmenting the demand for medical-grade plastics used for making tubes for enhanced patient care in intensive care units. Furthermore, countries have increased their share of investments in the healthcare sector to fight the pandemic which is expected to boost product demand.

The rising geriatric population and increasing awareness regarding health have increased hospital and clinical visits and have increased the number of preventive treatment operations which has increased the demand for medical devices including medical tubing.

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Medical Tubing Market Report Highlights

• Silicone product segment accounted for 24.2% of the global market share in 2021 Silicone tubing is highly used in medical devices as it provides gasketing, sealing, and safe fluid transfer properties which cannot be achieved by using other materials

• Polyolefins are particularly preferred when the medical devices are to fulfill the regulatory requirements established by the FDA. On account of these factors, polyolefins are expected to witness huge growth over the forecast period

• Drug delivery systems are designed to provide therapeutic drugs to patients in a targeted and controlled manner. The emphasis on improving the efficacy of the drug delivery rate is propelling the demand for medical tubes in the drug delivery systems application segment

• The Asia Pacific regional market is expected to witness the fastest CAGR of 7.0% from 2021 to 2030, owing to the rapid advancement in technology, increase in healthcare expenditure, and strict regulations about the medical device industry

• In August 2021, Nordson Corporation acquired NDC Technologies. The aim behind the acquisition is to expand the former’s test and inspection platform into new end markets and adjacent technologies

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Medical Tubing Market Segmentation

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

Medical Tubing Product Outlook (Revenue, USD Million, 2017 - 2030)

• Silicone

• Polyolefins

• Polyvinyl chloride

• Polycarbonates

• Fluoropolymers

• Others

Medical Tubing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Bulk Disposable Tubing

• Drug Delivery Systems

• Catheters

• Biopharmaceutical Laboratory Equipment

• Others

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Russia

  • Spain

  • Italy

  • Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • Singapore

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players of Medical Tubing Market

• ASAHI TEC CORPORATION

• MDC Industries

• Nordson Corporation

• ZARYS International Group

• Hitachi Cable America Inc

• NewAge Industries, Inc.

• TE Connectivity

• Freudenberg & Co. KG

• Spectrum Plastics Group

• ATAG SpA

• Saint-Gobain

• Bentec Medical

• Trelleborg AB

• MicroLumen, Inc.

• Optinova

• Vanguard Products 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.

Artificial Intelligence In Cybersecurity Market to Reach Around USD 93.75 Billion by 2030: Grand View Research Inc.

 

Artificial Intelligence In Cybersecurity Market Growth & Trends

The global artificial intelligence in cybersecurity market size is estimated to reach USD 93.75 billion by 2030, expanding at a CAGR of 24.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for AI, cloud, and machine learning for seamless operations, data safety and prompt response to cyber threats. Some factors, such as soaring internet penetration, expanding footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions.

Artificial intelligence (AI) in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is likely to be sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing, machine learning, deep learning, and neural networks could gain ground during the assessment period. For instance, deep learning has become trendier to track transactions, logs, and real-time data to detect threats. AI is highly sought-after to secure cloud services and on-premises architecture and spot abnormal user behavior.

Natural language processing could remain a value proposition to foster the penetration of AI technologies in cyberspace. The trend for natural language inference, sentiment analysis, and text summarization will bode well for major companies gearing to reinforce artificial intelligence in the cybersecurity market share. Prominently, NLP has received impetus for fake news detection, clickbait detection, and rumor detection. Leading companies are likely to bank on NLP to detect malicious language and domain names produced for phishing scams.

Stakeholders predict North America to witness investments galore, on the heels of the high footprint of connected devices, IoT, and 5G. Moreover, the possibility of DDoS attacks and the growing prominence of IoT-enabled activities have prompted major players to bank on cutting-edge technologies to deter cyber incidents. To illustrate, in August 2019, Microsoft was reported to have alleged Russian hackers using IoT devices to breach enterprise networks. Industry participants expect bullish investments in machine learning platforms, threat hunting, and advanced analytics. Besides, Microsoft Security blocked over 35.7 billion phishing and malicious emails and more than 9.6 billion malware threats in 2021.

The competitive landscape alludes to an increased emphasis on organic and inorganic growth strategies, including mergers & acquisitions, product offerings, technological advancements, collaborations, and innovations. For instance, in July 2022, Darktrace rolled out Darktrace PREVENT to assist organizations in pre-empting cyber-attacks. Meanwhile, in August 2022, it was reported that Thoma Bravo was contemplating acquiring Darktrace. In February 2019, BlackBerry completed the acquisition of Cylance to bolster its footprint in AI cybersecurity.

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Artificial Intelligence In Cybersecurity Market Highlights

• In terms of type, the cloud security segment will contribute notably toward the global market in the wake of the rising prominence of AI and machine learning

• Based on vertical, the BFSI sector will exhibit profound demand for AI in cybersecurity to resist cyberattacks and prevent data leaks

• North America AI in cybersecurity market share will be pronounced due to threats to mobile devices and soaring penetration of IoT and 5G in the region

• Some major players, such as IBM Corporation, Cylance Inc. (BlackBerry), Acalvio Technologies, Inc, Intel Corporation, Amazon Web Services, Inc., FireEye, Inc., LexisNexis, Fortinet, Inc., Micron Technology, Inc., and Darktrace are poised to boost their portfolios in the coming years

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Artificial Intelligence In Cybersecurity Market Segmentation

Grand view research has segmented the global artificial intelligence in cybersecurity market in terms of type, offering, technology, application, vertical, and region:

AI In Cybersecurity Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Network Security

• Endpoint Security

• Application Security

• Cloud Security

AI In Cybersecurity Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

AI In Cybersecurity Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Machine Learning

• Natural Language Processing (NLP)

• Context-aware computing

AI In Cybersecurity Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Identity And Access Management

• Risk And Compliance Management

• Data Loss Prevention

• Unified Threat Management

• Fraud Detection/Anti-Fraud

• Threat Intelligence

• Others

AI In Cybersecurity Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI

• Retail

• Government & Defense

• Manufacturing

• Enterprise

• Healthcare

• Automotive & Transportation

• Others

AI In Cybersecurity Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• South America

  • Brazil

• Middle East and Africa (MEA)

List of Key Players of Artificial Intelligence In Cybersecurity Market

• Acalvio Technologies, Inc

• Amazon Web Services, Inc.

• Cylance Inc. (BlackBerry)

• Darktrace

• FireEye, Inc.

• Fortinet, Inc.

• IBM Corporation

• Intel Corporation

• LexisNexis

• Micron Technology, 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.

Consumer Drone Market Estimated To Flourish By 2030: Grand View Research Inc.

 

Consumer Drone Market Growth & Trends

The global consumer drone market size is projected to reach USD 11.56 billion by 2030, registering a CAGR of 13.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. The industry is projected to expand significantly due to its widespread commercial and leisure applications. Companies are using drone-acquired data to speed up service delivery in their business operations. Evolution in in-flight controls and technology, as well as advancements in portable video and camera technology, have boosted the demand for consumer drones, such as tiltrotors, multi-copters, and helicopters. The development of cutting-edge technology that makes drones safer, such as geo-fencing and collision avoidance, has led to a rise in the use of consumer drones across several industries.

New developments in the manufacturing of consumer drones have raised product demand. The latest drone model specifications include a higher range, faster speeds, navigation systems that can be connected to the user’s phone, and efficient, safe, and effective control systems. Consumer drones are provided with all the components for the best control systems and power efficiency by motor drivers, angle, position, charger sensors, chargers, and regulators. These properties of consumer drone parts are superior in performance and consume little power, positively influencing consumer purchasing decisions. The increasing popularity of drone racing and drone photography competitions, as well as other initiatives that promote drone flying as leisure, is also attributed to the industry expansion.

In addition, the administrative authority, which allows drones to fly for non-commercial purposes in specific locations also promotes the expansion of the industry. Consumer drone sales are expected to increase in regions like North America and Europe due to the DIY developer drone, which includes customized drone fabrication. In the upcoming years, factors including the growing number of startup companies entering the UAV sector in developing nations like China are anticipated to fuel regional market expansion.

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Consumer Drone Market Report Highlights

• The multi-rotor segment accounted for the majority of revenue share in 2021. Multi-rotor drones are utilized more frequently in photography and racing. The main aspects influencing the rising popularity of multi-rotor drones are their capacity to operate in challenging environments and the development of several cutting-edge applications

• The prosumer segment is expected to witness the highest CAGR from 2022 to 2030 owing to their increased application in gaming enthusiasts to accept drones as their newfound source of entertainment

• Asia Pacific accounted for the largest share in 2021 and is expected to emerge as a predominant region over the forecast period. Increasing investment by Japan and China in producing multi-functional drones for various applications is expected to drive regional growth over the forecast period

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Consumer Drone Market Segmentation

Grand View Research has segmented the consumer drone market based on product, application, and region:

Consumer Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Multi-rotor

• Nano

• Others (Fixed-wing, Hybrid)

Consumer Drone Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Prosumer

• Toy/Hobbyist

• Photogrammetry

Consumer Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • Japan

• Latin America

• Middle East & Africa

List of Key Players in Consumer Drone Market

• 3D Robotics, Inc. (Kitty Hawk)

• Da-Jiang Innovations Science and Technology Co., Ltd. (DJI)

• Eachine

• Guangdong Cheerson Hobby Technology Co., Ltd

• Guangdong Syma Model Aircraft Industrial Co., Ltd (Syma)

• Guangzhou Walkera Technology Co., Ltd. (Walker)

• Yuneec International Co., Ltd.

• SkyTech Drone Sp. z o.o

• Horizon Hobby, LLC

• Parrot Drone SAS

• Shantou Chenghai Weili Toys Industrial Co., Ltd. (WLtoys)

• Jianjian Technology Co., Ltd.

• Hubsan

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 Patient Referral Management Software to Witness Tremendous Growth and Expansion by 2030

 

Patient Referral Management Software Market Growth & Trends

The global patient referral management software market size is expected to reach USD 35.9 billion by 2030, based on a new report by Grand View Research, Inc., expanding at a CAGR of 17.6% from 2022 to 2030. Some of the key factors driving the demand for patient referral software are the rising need for patient engagement, reduction in the likeliness of errors, decrease in administrative burden, and budgetary allocation for healthcare, especially in developing countries. Medical errors can result in tremendous losses in terms of finances and patient care. For instance, as per the Canadian Patient Safety Institute, medical errors account for approximately 28,000 deaths per year in Canada.

The business strategies undertaken by the players to strengthen their presence are fuelling the market growth. Collaborations between the market players and the healthcare providers, new product launches, technological advancements, and customization of patient referral software are expected to fuel market growth. For instance, companies such as Cerner Corporation and ReferralMD have come up with innovative features of providing patients with the flexibility of direct appointment booking. This provides the care coordinators with a platform that includes patient engagement solutions and also allows the patients and the healthcare providers to search for specialists and schedule appointments from the web portal.

The supportive government regulations to promote the adoption of healthcare IT solutions are boosting the penetration of medical referral software. For instance, the program "Healthy China 2030" seeks to increase health coverage and promotion of patient referral software. Moreover, the Ministry of Health in Argentina introduced a nationwide digital health network in April 2020 to enable care facilities to securely access patient data through standardized integration in order to enhance patient interactions. The initiative is likely to enable close to 45 million individuals to have access to free public healthcare.

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Patient Referral Management Software Market Report Highlights

• Based on type, in 2021, the inbound patient referral segment dominated the market with a revenue share of over 75.0% and is expected to grow at the fastest rate over the forecast period owing to the rising inbound referrals by hospitals and specialists from various channels

• Based on deployment mode, the cloud and web-based segment held the largest share of over 70.0% in 2021 and is likely to grow at the fastest rate over the forecast period owing to the rising demand for cloud-based models as they require minimal capital investments and provide real-time databases

• Based on end-use, the providers segment dominated the market with a share of over 50.0% in 2021 owing to the increasing focus on efficient patient referral processing and the growing demand for better communication processes between providers and patients

• In 2021, North America held the largest share of over 55.0% in terms of revenue owing to the rapidly growing geriatric population, technological advancements in infrastructure, and a large pool of industry players in the region

• Asia Pacific is expected to expand at the fastest CAGR of 20.3% over the forecast period pertaining to the rising supportive government initiatives to launch healthcare IT solutions. Developing healthcare infrastructure in developing countries, such as China and India, is contributing to the industry growth in this region 

Access Press Release@ https://www.grandviewresearch.com/press-release/global-patient-referral-management-software-market

Patient Referral Management Software Market Segmentation

Grand View Research has segmented the global patient referral management software market based on type, deployment mode, end-use, and region:

Patient Referral Management Software Type Outlook (Revenue, USD Million, 2017 - 2030)

• Inbound

• Outbound

Patient Referral Management Software Deployment Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud & Web-based

• On-premise

Patient Referral Management Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Providers

• Payers

• Patients

• Others

Patient Referral Management Software 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

  • Singapore

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Patient Referral Management Software Market

• Allscripts Healthcare Solutions, Inc.

• Athena Health

• Cerner Corporation

• Eceptionist, Inc.

• Ehealth Technologies

• Insync 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.

Wood Pellets Market is Expected to Enhance USD 13.38 Billion Revenue By 2030: Grand View Research Inc.

 

Wood Pellets Market Growth & Trends

The global wood pellets market size is expected to reach USD 13.38 billion by 2030, exhibiting a revenue-based CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The demand for wood pellets is expected to witness significant growth over the forecast period, owing to the rising global demand for renewable energy to reduce the usage of fossil fuels that contributes to global warming.

The 2018 adoption of the "Clean Air" program is also driving the usage of wood pellets in the residential sector. As it provides subsidies and low-cost loans for energy-efficiency improvements to single-family homes, has attracted applicants looking to replace their existing heating systems with wood pellets-fed systems.

The commercial heating industry, a huge potential market for pellets, is already showing some exciting advances in Eastern Europe and is expected to continually grow the demand for wood pellets in the commercial sector during the forecast period. They can generate enormous amounts of potable or non-potable hot water for use in big central heating systems for providing process heat during a specific phase of a manufacturing procedure.

As the global electricity demand is rising, new power generation facilities are being established, along with capacity enhancements of the existing ones. Companies are opting for renewable sources to generate electricity owing to stringent implementation of regulations related to carbon emissions which will be driving the demand for wood pellets during the forecast period.

Enviva being one of the biggest wood pellet manufacturers worldwide, in April 2022, declared that it would spend about $250 million in Bond, Mississippi to construct a new wood pellet manufacturing facility. The plant is a crucial part of the company's growth strategy, which aims to double production capacity over the next five years from the present 6.2 million metric tons annually to roughly 13 million metric tons annually.

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Wood Pellets Market Report Highlights

• The growing demand for heating in wood pellets is likely to drive its growth at a CAGR of 5.9% over the forecast period. The rising global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contributes to global warming. Additionally, the usage of wood pellets is increasing worldwide to meet Kyoto Protocol commitments as well as their beneficial attributes like low manufacturing costs and easy availability of pellet fuel feedstock have also contributed to their increased consumption in the global industrial sector

• Heating application segment is expected to reach USD 8.02 billion in revenue by 2030, owing to various government policies such as European Union (EU) laws encouraging the use of renewable energy for heating applications in commercial as well as industrial end-use for power generation and heating applications

• The residential end-use segment is anticipated to dominate the market accounting for 45.0% of the market in 2021, owing to the increasing usage of wood pellets in residential homes for efficient combustion in smaller stoves for heating and cooking as a result of the subsidies provided by the government

• U.S. accounted for a revenue share of 86.2% of North America in 2021, owing to the increasing demand for wood pellets in the United States as a result of its primary usage for residential heating, with some commercial heat and CHP applications. Wood pellets are used to heat about 80,000 houses in the United States, in freestanding stoves, fireplace inserts, and even furnaces

• Key industry players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby advancing their market share. Additionally, prominent suppliers are focusing on research & development activities to reduce operational costs; maximize the efficiency of production and storage and enhance the quality of products to maintain their position in the market

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

Wood Pellets Market Segmentation

Grand View Research has segmented the global wood pellets market based on application, end-use, and region:

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

• Heating

• Power Generation

• CHP

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

• Residential

• Commercial

• Industrial

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Wood Pellets Market

• Energex

• Enviva LP

• Graanul Invest

• Drax Biomass

• Pinnacle

• Sinclar Group Forest Products

• Lauzon

• Wood Pellet Energy (UK) Ltd.  

• United Company

• Highland Pellets LLC

• Groupe Savoie Inc.

• I.C.S. (Lacroix) Lumber Inc.

• Vermont Wood Pellet Company

• AVPGroup

• Farm Fuels

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.

Category Management Software Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 

Category Management Software Market Growth & Trends

The global category management software market size is expected to reach USD 3.79 billion by 2030, growing at a CAGR of 11.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing demand for omnichannel retailing to facilitate operations efficiently is expected to drive industry growth. The retail industry is still far from organized and still contributes a major factor in numerous economies worldwide. At the same time, malls also play a vital role in achieving revenue targets. For instance, from shopping, health, and wellness to gaming and entertainment, malls cater to every segment to meet the growing customer demands.

The use of category management solutions in these retail stores of malls can play a vital role in maintaining the inventory stocks per customer preferences. Moreover, awareness about these solutions for proper placements of products in retail stores contributes significantly to the industry development. There is a growing need for category management software solutions, especially in the retail segment and other B2C modes. These types of businesses possess considerable growth potential, and the implementation of category management software solutions by retailers is anticipated to open up new business opportunities for software developers. Hence, the industry leaders are focusing on catering to the retail segment’s needs owing to their increased scalability.

The adoption of category management software offers multiple advantages, such as comprehensive and customizable graphical reports. Category management solutions help retailers analyze what customers want their products based on their purchasing behavior. The category management solutions allow retailers, in turn, to concentrate on improving the sales process and boosting revenue. Moreover, it also aids businesses with category insights and required improvements in the procuring process, which attracts many industry players to adopt category management software to make strategic decisions.

The COVID-19 outbreak has significantly impacted industry development. Major retailers, such as Amazon and Walmart, have shifted from traditional to hybrid-digital mode. Thus, growing digitalization and the introduction of category management software by key players are expected to drive industry growth. COVID-19 has impacted the industry significantly. Major retailers, such as Amazon and Walmart, have shifted from traditional mode to hybrid-digital mode. Thus, the growing digitalization and introduction of category management software by key players are expected to drive industry growth.

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Category Management Software Market Report Highlights

• The floor planning software segment is expected to witness the fastest CAGR during the forecast period. The growing consumer demand for user-friendly and enhanced floor planning software, supported by digitalization, is boosting the segment growth

• The managed services segment is expected to register the fastest CAGR during the forecast period. The increasing demand for maintenance and support services is driving the segment

• The cloud segment is anticipated to register the fastest CAGR during the forecast period. Aggressive implementation of cloud-based software to deliver global insights responsible for business productivity is fueling the segment growth

• The Small & Medium Enterprises (SMEs) segment is anticipated to showcase remarkable growth during the projection period due to the increasing number of SMEs across the globe

• The retail segment dominated the industry in 2021 due to the hybrid physical and digital environment that the software offers for catering to the changing consumer needs

• Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period. The growth is attributed to the rising number of large retail stores to cater to the growing customer demands in the region

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

Category Management Software Market Segmentation

Grand View Research has segmented the global category management software market based on solution, service, deployment, enterprise size, application, and region:

Category Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Planogram Software

• Floor Planning Software

• Assortment Planning

• Others

Category Management Software Service Outlook (Revenue, USD Million, 2017 - 2030)

• Managed Services

• Professional Services

Category Management Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud-based

• On-premise

Category Management Software Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Category Management Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail

• Distribution

• Consumer Packaged Goods

Category Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• Middle East & Africa (MEA)

List of Key Players of the Category Management Software Market

• Oracle Corp.

• Aptos, LLC

• Board International S.A.

• Interactive Edge

• 42 Technologies, Inc.

• Epicor Software Corp.

• Softvision

• GEP

• JAGGAER

• DotActiv (Pty) Ltd.

About Grand View Research

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