Plasmid DNA Manufacturing Market To Benefit from Increased Global Uptake of 2022 to 2030

 

Plasmid DNA Manufacturing Market Growth & Trends

The global plasmid DNA manufacturing market size is expected to reach USD 1.51 billion by 2030, registering a CAGR of 13.71% over the forecast period, according to a new report by Grand View Research, Inc. The rising prevalence of chronic diseases, combined with the wide application scope of plasmid DNA in the healthcare industry is expected to drive the industry growth. Plasmid DNA can be used directly for therapeutic applications, such as the production of vaccine antigens or gene therapy. Moreover, it can be utilized for various research purposes, such as gene cloning, gene mapping, etc. The rising number of patients choosing gene therapy is expected to drive industry growth in the coming years.

According to clinicaltrials.gov, the number of cell & gene therapies across global pipeline programs (Phase I to Phase III trials) increased from 289 in 2018 to 327 in 2022. Furthermore, the U.S. FDA provides constant support for innovations in the advanced therapy arena via several policies concerning product manufacturing. With increased cell and gene therapy products, the industry will see an increased need for manufacturing plasmid DNA on a larger scale. The COVID-19 pandemic is anticipated to positively impact industry growth. For instance, in September 2021, India approved the first COVID-19 DNA vaccine. It is the world’s first COVID-19 DNA vaccine manufactured in partnership with DBT-BIRAC as part of Mission COVID Suraksha.

Circular DNA is used in India’s ZyCoV-D vaccination to protect against COVID-19 infection. Furthermore, key entities in the global industry are undertaking various strategic initiatives to strengthen their market presence, which is also expected to propel growth. For instance, in June 2022, BioCina announced the expansion of the production of plasmid DNA in a new dedicated GMP suite to its offering of CDMO services. The suite has a single-use fermentation capacity of up to 300 L and appropriately scaled downstream processing machinery.

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Plasmid DNA Manufacturing Market Report Highlights

• The GMP grade type segment held the largest revenue share in 2021. GMP-grade plasmid DNAs are broadly utilized in pre-clinical trials in gene therapy or vaccination including biodistribution and toxicology studies

• The clinical therapeutics segment dominated the global industry in 2021 owing to the increased importance of plasmid DNA for clinical research applications in genetic vaccination

• The infectious diseases segment held a significant revenue in 2021. DNA plasmid is effectively utilized in the treatment of several infectious disorders as it delivers a strong immunity via vaccine antigen and prevents pathogen infections

• The cell & gene therapy application segment led the industry in 2021 owing to the high demand for gene therapy for the treatment of several inherited diseases and genetic disorders

• North America was the dominant regional market in 2021 due to improved healthcare infrastructure, high disposable income, presence of a substantial number of centers and institutes that are engaged in R&D of advanced therapies, and increased adoption of advanced therapies in the region

• Asia Pacific is anticipated to register the fastest CAGR during the forecast years on account of the increasing R&D activities in this field and the presence of key players

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

Plasmid DNA Manufacturing Market Segmentation

Grand View Research has segmented the global plasmid DNA manufacturing market based on grade, development phase, application, disease, and region:

Plasmid DNA Manufacturing Grade Scope Outlook (Revenue, USD Million, 2018 - 2030)

• R&D Grade

• GMP Grade

Plasmid DNA Manufacturing Development Phase Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Pre-clinical Therapeutics

• Clinical Therapeutics

• Marketed Therapeutics

Plasmid DNA Manufacturing Application Scope Outlook (Revenue, USD Million, 2018 - 2030)

• DNA Vaccines

• Cell & Gene Therapy

• Immunotherapy

• Others

Plasmid DNA Manufacturing Disease Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Infectious Disease

• Cancer

• Genetic Disorder

Plasmid DNA Manufacturing Regional Scope 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 of Plasmid DNA Manufacturing Market

• Charles River Laboratories

• VGXI, Inc.

• Aldevron

• Kaneka Corp.

• Nature Technology

• Cell and Gene Therapy Catapult

• Eurofins Genomics

• Lonza

• Luminous BioSciences, LLC

• Akron Biotech

About Grand View Research

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

Impact of Existing and Emerging Automatic Identification And Data Capture Market Trends And Forecast 2022-2030: Grand View Research Inc.

 Automatic Identification And Data Capture Market Growth & Trends

The global automatic identification and data capture market size is expected to reach USD 131.48 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.7% from 2022 to 2030. With an increase in the use of smartphones for image recognition and QR code scanning along with an increase in the development of e-commerce platforms internationally, the market is anticipated to experience a noticeable growth during the forecast period.

Furthermore, increased automatic identification and data capture (AIDC) solution acceptance due to their capacity to reduce discrepancies is likely to drive the growth of the AIDC industry during the forecast period. For instance, in April 2022, Arcion Labs, Inc., a truly real-time database replication platform, announced the release of Arcion Cloud, a fully managed change data capture data replication as a service that empowers businesses to leverage more significant, big data pipelines in minutes.

The most prevalent devices used to identify and capture the data are RFID scanners and RFID tags, barcode scanners, fixed-position, and handheld laser scanners and imagers, wearables devices, voice recognition solutions, and rugged tablets. Automatic identification and data capture systems, such as wearables, barcoding solutions, and RFID scanners, are critical in e-commerce and warehouse management.

AIDC technology not only assists the e-commerce business in automatically identifying objects, collecting data about them with high accuracy and precision, and electronically entering this data into the computer system. By keeping track of inventories, accounting, human resources, and overall procedures, technology also helps increase productivity and operational efficiency.

For instance, in August 2022, BE Switchcraft Pty Ltd, a manufacturer of electronic and electrical components, endorsed Zebra Technologies Corp.'s radio frequency identification (RFID) solution to obtain real-time visibility of its production process and financial data. The solution allows the BE Switchcraft team to see each stage of the switchboard production process in real time. The collected data is integrated with the company's enterprise resource planning system to offer essential updates on each project's status and financial data for projects in production.

Rising government laws requiring AIDC technology are driving demand for these systems. Over the last decade, governments worldwide have passed legislation to encourage the use of AIDC technologies in various industries to address the issue of rising data entry errors and associated operating costs. These laws and regulations are intended to assist enterprises in ensuring improved information visibility, improving operational efficiency, lowering operating costs through accurate data capture and fewer data input errors, and increasing customer satisfaction.

For instance, in August 2022, Delhi International Airport Limited (DIAL) announced the launch of a beta version of DigiYatra, an app based on facial recognition technology to recognize travelers. The initiative intends to provide a paperless & seamless travel experience, following the Government of India's regulations for providing contactless, effortless processing of passengers at airports.

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Automatic Identification And Data Capture Market Report Highlights

• The widespread acceptance of sophisticated technology and the technological development of numerous industries are driving the growth of the North American region

• AIDC systems are routinely used to manage assets, inventory, delivery, document scanning, and security in various industries, including transport and logistics, chemical, pharmaceutical, food and beverage, automotive, consumer products, retail and warehousing, and distribution

• Radio Frequency Identification (RFID) tags, barcodes, biometrics, labels, smart cards, and speech and voice recognition have gained acceptance across various industries due to their increased accuracy, precision, and smooth functioning

• Banks and financial institutions' increasing implementation of AIDC solutions to ensure customer security, safety, and data privacy is projected to fuel market expansion

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Automatic Identification And Data Capture Market Segmentation

Grand View Research has segmented the global automatic identification and data capture market based on component, end-user, and region:

Automatic Identification & Data Capture Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

  • RFID Reader

  • Barcode Scanner

  • Smart Cards

  • Optical Character Recognition Devices

  • Biometric Systems

  • Others

• Software

• Services

  • Integration & Installation Services

  • Support & Maintenance Services

Automatic Identification & Data Capture End-user Outlook (Revenue, USD Billion, 2017 - 2030)

• Manufacturing

• Retail

• Transportation & Logistics

• Hospitality

• BFSI

• Healthcare

• Government

• Energy & power

• Others

Automatic Identification & Data Capture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

List of Key Players in Automatic Identification And Data Capture Market

• Bluebird Inc

• B.O.S. BETTER ONLINE SOLUTIONS LTD.

• Cognex Corporation

• Datalogic S.p.A.

• Honeywell International Inc

• NEC Corporation

• Panasonic Holdings Corporation

• Thales

• TOSHIBA CORPORATION

• Zebra Technologies Corp.

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.

Synthetic Small Molecule API Market to Expand at a CAGR of 5.73% Through 2030: Grand View Research Inc.

 

Synthetic Small Molecule API Market Growth & Trends

The global synthetic small molecule API market size is expected to reach USD 217.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.73% from 2022 to 2030. This can be attributed to the increasing demand for pharmaceuticals and new small molecule-based drugs globally. Moreover, small molecules API offers versatility between dosage forms and has an easier means of purification, which makes it more acceptable and increases the demand.

There is an increasing dominance of synthetic drugs in the pharmaceutical industry, which is expected to propel the requirement of raw materials such as small molecule APIs for production. Moreover, technological advancements related to the enhancement of existing products are expected to provide new opportunities for small molecule therapeutics. For instance, in March 2022, Evonik launched the new EUDRATECSoluFlow technology that enhances the solubility of oral small molecules.

The market is driven by positive government support for the production of APIs in various regions, particularly in Asia, where the majority of API manufacturers are dependent on the supply of API for the production of synthetic small molecule APIs. There has been an increasing focus on outsourcing activities for API production. For instance, in April 2020, for managing COVID-19, Wavelength Pharmaceuticals expanded the supply of key drug ingredients for certain pharmaceutical products needed to manage respiratory critical care patients and launched API CDMO services. Emerging markets such as China, India, and Southeast Asia represent significant opportunities for growth.

The investment in new and complex technologies is relatively low for Asian manufacturers as they are more focused on less complex molecules that can be produced in bulk. Thus, the investment in high-yielding, low-cost technologies is an alternative for manufacturers in other developed regions such as Europe and North America to avoid competitive pressure.

Key players operating in the market are focusing on collaboration for the production of potent API products. For instance, in August 2021, Almac Sciences signed an agreement with Pila Pharma for the production of the API XEN-D0501, a highly potent and selective small molecule TRPV1 antagonist. Moreover, CDMOs are constantly evolving by expanding their capacities to meet the heightened demand for synthetic drugs. For instance, in April 2022, AGC Inc. announced the expansion of its Spanish facility by 7500 m² for synthetic pharmaceutical production, which is expected to enhance the demand for synthetic small molecule active pharmaceutical ingredients in the region.

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Synthetic Small Molecule API Market Report Highlights

• The growth of the overall market is attributed to the increasing production of pharmaceuticals with the increased demand for raw material

• The API market is witnessing a key shift with the rise in the preference for CDMOs for the production of synthetic small molecule active pharmaceutical ingredients in bulk

• By manufacturer, the outsourced segment is expected to witness lucrative growth over the forecast period owing to a dependency of small and mid-sized companies on outsourcing for commercial production

• The cardiology appolication segment dominated the market in 2021. This is attributed to the increasing prevalence of target diseases

• North America dominated the market in 2021 due to the presence of key players and rising support from the government for enhancing the API manufacturing capacity of the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-synthetic-small-molecule-api-market

Synthetic Small Molecule API Market Segmentation

Grand View Research has segmented the global synthetic small molecule API market on the basis of manufacturer, application, and region:

Synthetic Small Molecule API Manufacturer Outlook (Revenue, USD Billion, 2018 - 2030)

• In-house

• Outsourced

Synthetic Small Molecule API Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Cardiology

• Oncology

• CNS and Neurology

• Orthopedic

• Endocrinology

• Pulmonology

• Gastroenterology

• Nephrology

• Ophthalmology

• Others

Synthetic Small Molecule API Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Spain

  • Italy

• 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 of Synthetic Small Molecule API Market

• Bristol-Myers Squibb Company

• Cipla, Inc.

• Boehringer Ingelheim International GmbH

• Merck & Co., Inc.

• AbbVie, Inc.

• Aurobindo Pharma

• Sun Pharmaceutical Industries Ltd.

• Teva Pharmaceutical Industries Ltd.

• Albemarle Corporation

• Viatris Inc.

• Dr. Reddy’s Laboratories 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.

Expansion of Pharmacovigilance Market During 2023– 2030 to Gain Robust Traction: Grand View Research Inc.

 

Pharmacovigilance Market Growth & Trends

The global pharmacovigilance market size is expected to reach USD 17.36 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 10.3% from 2023 to 2030. The increasing incidence of Adverse Drug Reactions (ADR) is a key growth factor. ADR imposes a substantial burden on healthcare systems and is one of the prominent causes of morbidity in developed countries. According to the National Center for Biotechnology Information (NCBI), approximately 5% of total hospitalizations in Europe each year are due to ADR. Pharmacovigilance services play an integral role in this clinical trial phase by assisting manufacturers in identifying adverse effects associated with the drug.

COVID-19 has undoubtedly thrown up numerous challenges as well as opportunities for pharmacovigilance service providers. Various companies are developing innovative platforms to gain a competitive edge. For instance, in December 2020, ArisGlobal and EVERSANA declared a strategic partnership to digitally transform end-to-end pharmacovigilance services globally.

The community involved in PV procedure has been quick to respond to the pandemic. Some companies are using big data analytics against COVID-19. Thus, this refers to a depth analysis of data from multiple sources. In April 2020, Saama Technologies offered its Life Science Analytics Cloud technology platform to support the consortium creation. The purpose is to fetch data from both current and future studies to slash the time required to discover a treatment by as much as 50%. Life Science Analytics Cloud is an artificial intelligence-powered platform. This represents the scope for future developments in this market.

According to the World Health Organization's (WHO) report on pharmaceutical consumption, chronic disease medications accounted for a larger proportion of the total volume of drug consumption in non-hospital setups. Hence, there has been a significant rise in the number of medicines made available to healthcare consumers. The rising demand for drugs has significantly heightened the need for the development of novel therapeutics via extensive clinical trials, which is expected to serve this market with lucrative opportunities.

Moreover, leading pharma companies in developed countries are focusing on outsourcing PV services to reduce costs and minimize operational expenses. This is anticipated to provide an opportunity to contact research organizations in developing regions to gain more revenue share. Manufacturers are now focusing on remodeling their product development processes in an attempt to cater to patient needs across the globe. These factors are anticipated to fuel the demand for pharmacovigilance services during the forecast period.

The companies operating in the market are undertaking strategic initiatives, such as collaborations with PV service providers to gain access to medical information and manage PV workflows. For instance, In October 2021, The Whiteboard, an academy for training specialists in the clinical trials and drug development field, proclaimed a partnership with OviyaMedSafe, a worldwide drug safety service and pharmacovigilance consulting corporation.

Similarly, in September 2019, Accenture collaborated with Bayer to implement the company's INTIENT Clinical platform to simplify and speed up its drug development processes, thereby widening its business. The company collaborated with BioCelebrate in the past to develop a platform for aggregating and analyzing clinical information for improving the efficiency of drug development, thus enhancing its R&D capabilities. Such initiatives help companies maintain their position and thereby support the market growth.

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Pharmacovigilance Market Report Highlights

• By product life cycle, phase IV held a dominant share of over 75.8% in 2022 owing to the extensive post-marketing surveillance of pharmaceuticals and an increasing number of ADR incidences in the market

• By service provider, contract outsourcing held a significant share of over 60.0% in 2022 owing to the shift in the focus of pharmaceutical companies toward outsourcing services to reduce operational cost

• Based on type, spontaneous reporting held the largest revenue share in 2022 due to its wide application in pharmacovigilance and benefits such as easy simulation of data sets for better drug comparison

• The biotechnology companies end-use segment is anticipated to exhibit a lucrative CAGR over the forecast period owing to increasing R&D for the development of novel biologics

• Asia Pacific is anticipated to register a lucrative CAGR of 10.8% over the forecast period. This is attributed to the availability of low-cost labor and the rising number of outsourcing companies in this region

• Industry participants are focusing on increasing R&D activities to develop better pharmacovigilance services. Moreover, companies are adopting strategies including new product launches, collaborations, and mergers & acquisitions to gain a competitive advantage

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

Pharmacovigilance Market Segmentation

Grand View Research has segmented the global pharmacovigilance market on the basis of product life cycle, service provider, type, process flow, therapeutic area, end-use, and region:

Pharmacovigilance Product Life Cycle Outlook (Revenue, USD Million, 2017 - 2030)

• Pre-clinical

• Phase I

• Phase II

• Phase III

• Phase IV

Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2017 - 2030)

• In-house

• Contract Outsourcing

Pharmacovigilance Type Outlook (Revenue, USD Million, 2017 - 2030)

• Spontaneous Reporting

• Intensified ADR Reporting

• Targeted Spontaneous Reporting

• Cohort Event Monitoring

• EHR Mining

Pharmacovigilance Process Flow Outlook (Revenue, USD Million, 2017 - 2030)

• Case Data Management

  • Case Logging

  • Case Data Analysis

  • Medical Reviewing & Reporting

• Signal Detection

  • Adverse Event Logging

  • Adverse Event Analysis

  • Adverse Event Review & Reporting

• Risk Management System

  • Risk Evaluation System

  • Risk Mitigation System

Pharmacovigilance Therapeutic Area Outlook (Revenue, USD Million, 2017 - 2030)

• Oncology

• Neurology

• Cardiology

• Respiratory Systems

• Others

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

• Pharmaceuticals

• Biotechnology Companies

• Medical Device Manufacturers

• Others

Pharmacovigilance 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

• Latin America

  • Brazil

  • Mexico

• MEA

  • South Africa

  • Kingdom of Saudi Arabia

List of Key Players of Pharmacovigilance Market

• Accenture

• Clinquest Group B.V. (Linical Americas)

• IQVIA

• Cognizant

• Laboratory Corporation of America Holdings

• IBM Corporation

• ArisGlobal

• ICON Plc.

• Capgemini

• ITClinical

• TAKE Solutions

• PAREXEL International Corporation

• BioClinica, Inc.

• Wipro Limited

• UNITED BIOSOURCE CORPORATION

• FMD K&L

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 Extended Detection And Response Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 

Extended Detection And Response Market Growth & Trends

The global extended detection and response market size is expected to reach USD 3.41 billion by 2030, growing at a CAGR of 20.7% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market benefits from the growing adoption of BYOD and enterprise mobility trends across organizations, the need to mitigate IT security risks, and the increasing number of enterprise-targeted cyber-attacks across the globe. Extended Detection and Response (XDR) solutions help security professionals to visualize cyber threat patterns holistically. Additionally, XDR tools help centralize and normalize data in a central repository to analyze data security incidents faster, giving organizations greater control over security to defend against vulnerabilities.

Cyber threat risks and the challenges faced in securing critical data are intensifying with the increasing adoption of technologies such as IoT and cloud. Detecting, responding, and mitigating such threats across several control points is complex as organizations deploy numerous solutions that collectively generate a large number of alerts. This has increased the demand for a comprehensive solution that extends the capabilities of endpoint detection to the detection of incidents across several security control points. Unlike EDR solutions that remove only endpoint threats, XDR solutions offer a 360-degree view of the security environment.

The COVID-19 pandemic has led to the heightened need for XDR tools as organizations were required to implement remote working models. The abrupt transition allowed several cyber threat actors to target vulnerable endpoints and a spike in phishing, ransomware, and spam was observed across organizations. Recently, a joint alert was issued by the U.K. and the U.S. Federal cyber agencies declaring that the COVID-19 crisis is being exploited by cyber-attackers to compromise the endpoints used for remote work by employees.

The National Cyber Security Centre (NCSC), Cybersecurity and Infrastructure Security Agency (CISA), and Department of Homeland Security (DHS) shared the observations concentrating on some of the latest incidents. The need to effectively detect and mitigate incidents across a dynamic security framework has led to the increased demand for unified detection and response solutions.

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Extended Detection And Response Market Report Highlights

• In terms of component, the solutions segment dominated the market in 2021 and is expected to register significant growth over the forecast period. This can be attributed to the rising demand for comprehensive detection solutions across organizations of all sizes

• In terms of deployment type, the on-premises segment is expected to dominate the extended detection and response market over the forecast period. This can be attributed to the need for an optimum level of data security with security protocols and physical access controls across organizations

• The large enterprises segment dominated the extended detection and response industry owing to the increased spending on security infrastructures and cloud technologies

• North America accounted for the largest revenue share in 2021, attributed to the high investment of organizations in the region in security solutions

• The prominent market participants include McAfee, LLC; Trend Micro Incorporated; Microsoft; Palo Alto Networks, Inc.; Cybereason; Broadcom; Cynet; and SentinelOne

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

Extended Detection And Response Market Segmentation

Grand View Research has segmented the global extended detection and response (XDR) market based on component, deployment type, application, and region:

Extended Detection And Response Component Outlook (Revenue, USD Million, 2018 - 2030)

• Solution

• Services

Extended Detection And Response Deployment Type Outlook (Revenue, USD Million, 2018 - 2030)

• On-premises

• Cloud

Extended Detection And Response Application Outlook (Revenue, USD Million, 2018 - 2030)

• Large Enterprises

• SMEs

Extended Detection And Response (XDR) Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

List of Key Players of Extended Detection And Response Market

• McAfee, LLC

• Trend Micro Incorporated

• Microsoft

• Palo Alto Networks.

• Cybereason

• Broadcom

• Cynet

• SentinelOne

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.

Cryogenic Equipment Market Estimated To Flourish By 2030: Grand View Research Inc.

 

Cryogenic Equipment Market Growth & Trends

The global cryogenic equipment market size is expected to reach USD 36.7 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% during the forecast period. Increasing demand for technical gases from the energy & power industries and rising needs within the entire Liquefied Natural Gas (LNG) value chain are expected to propel the industry growth during the forecast period. Cryogenic equipment is widely used in LNG storage and transportation. LNG, a low-emission fuel, is preferred by several regulatory bodies addressing environmental concerns, thereby driving product demand. Rising investments in LNG power plants and the trend toward using LNG fuel in railroads and marine transportation have increased the demand for cryogenic equipment.

Technological developments in the fields of pharmaceutical, immunotherapy, vaccination, and regenerative medication have boosted the utilization of cryogenic equipment. In addition, a rise in cases of health-related problems, particularly in metropolitan areas, as well as the growing population is expected to support the growing installation of cryogenic equipment. Advancement in the energy & power sector has led to the improvement of HTS cables and energy storage, facilitating the use of cryogenic equipment for cooling purposes. Furthermore, substantial investments in developing countries to construct smart cities, high-speed trains, and the need to reduce global carbon footprints are likely to create lucrative opportunities for the industry.

An increase in government programs, greenfield investments, and related policies to adopt advanced technological equipment is expected to boost product demand over the forecast period. Rapid industrialization and increasing disposable income have led to the widespread adoption of this equipment in automotive, metallurgy, and other industries. Companies in the industry are actively engaged in mergers and acquisitions and joint ventures to strive in the competitive industry. For instance, in September 2020, Air Liquide SA acquired the majority of its stake in the French company Cryoconcept. In December 2021, Chart Industries Inc. signed MOU with Howden Group, incorporating gas compression systems in Chart hydrogen offerings.

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Cryogenic Equipment Market Report Highlights

• The tank segment accounted for a significant revenue share in 2021. Tank equipment presents several benefits including high-quality insulation, extended service life, and lower maintenance cost

• The liquefied natural gas segment held the largest revenue share in 2021 due to the wider usage of LNG in various industries including, chemical, automotive, food, and energy sectors

• The storage application segment accounted for a significant share in 2021 due to the high demand for acquiring, storing, and monitoring liquefied gases like oxygen, nitrogen, natural gas, and argon

• The Asia Pacific was the dominant region in 2021owing to the rapid urbanization and industrialization in the region

• In January 2020, Linde plc announced starting a new air-separation plant in Shanghai Lingang Industrial Zone as a joint venture with Linde LienHwa to deliver ultra-high purity gases, such as nitrogen, oxygen, argon, carbon dioxide, as well as compressed dry air

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

Cryogenic Equipment Market Segmentation

Grand View Research has segmented the global cryogenic equipment market on the basis of product, cryogen, application, end-use, and region:

Cryogenic EquipmentProduct Outlook (Revenue, USD Million, 2017 - 2030)

• Tanks

• Valves

• Pumps & Vaporizers

• Vacuum Jacket Piping (VJP)

• Others

Cryogenic Equipment Cryogen Outlook (Revenue, USD Million, 2017 - 2030)

• Nitrogen

• Oxygen

• Argon

• Liquefied Natural Gas

• Others

Cryogenic Equipment Application Outlook (Revenue, USD Million, 2017 - 2030)

• Distribution

• Storage

Cryogenic Equipment End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Oil & Gas

• Metallurgy

• Automotive

• Food & Beverage

• Chemical

• Others

Cryogenic Equipment Regional Outlook (Revenue, USD Million, 2017 – 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players of the Cryogenic Equipment Market

• Chart Industries Inc.

• Linde Plc

• Herose GmbH

• Nikkiso Co. Ltd.

• Wessington Cryogenics

• Braunschweiger Flammenfilter GmbH

• Standex International

• INOX India Ltd.

• Air Liquide SA

• Premier Cryogenics Ltd.

• Lapesa Grupo Empresarial s.l

• Galileo Technologies S.A.

• MAN Energy Solutions SE

• Cryolor SA

• SAS Cryo pur

• Ulvac Technologies, 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.

Subscription Billing Management Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 

Subscription Billing Management Market Growth & Trends

The global subscription billing management market size is expected to reach USD 17.95 billion by 2030, registering a CAGR of 16.1% during the forecast period, according to a new report by Grand View Research Inc. The growing adoption of the billing management and subscription models in utilities, media & entertainment, and the public sector will create more growth opportunities for the subscription billing management industry during the forecast period.

Service providers in these industries are focused on providing high-quality and better solutions to clients. Additionally, the desire to reduce operating expenses and the demand for cloud-based software would further broaden the scope of the market for subscription billing management.

Several subscription billing management service providers also provide periodic bill payments, which can be obtained by attaching the user's debit and credit cards or bank account. This ensures that greater importance is needed on adding a high level of security to each payment process to gain more trust from the customer and avoid financial ramifications in the event of hacking or fraud.

The subscription model is also gaining importance across the travel industry. Travel companies are shifting to this model to offer cheaper travel to frequent travelers and save their time at ticket counters. Major commercial airlines are making efforts to introduce subscription services to boost customer loyalty and retention. For instance, in October 2019, Delta airlines announced the launch of a paid membership option named SkyMiles Select for members of SkyMiles. SkyMiles Select is an annual membership worth USD 59, which provides travelers unlimited priority boarding, a special bag tag, and eight free onboard drinks every year.

The outbreak of the COVID-19 pandemic had a moderately positive impact on the demand for subscription billing management software. Companies worldwide are expected to adapt to new customer norms and new business models. They need to respond to long-term social changes, including how customers select products and channel preferences. Changes in customer behavior are expected to accelerate the need to integrate enhanced digital payment solutions into subscription billing management platforms.

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Subscription Billing Management Market Report Highlights

• Subscription order management held the largest share in the software segment, as it helps companies in winning new customers by providing subscriptions containing the appropriate mix of products, recurring and one-time services, and third-party content

• Professional services held the largest share in the services segment as they help businesses in installing the software, aligning the software with the existing systems, and operating the software efficiently

• The cloud segment is expected to continue its dominance over the forecast period, as cloud deployment can potentially make the subscription management process more efficient

• Various factors, such as the increasing adoption of cloud-based solutions across the U.S., have resulted in the increased automation of subscription methods in the North American regional market

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

Subscription Billing Management Market Segmentation

Grand View Research has segmented the global subscription billing management market based on software, services, deployment, enterprise size, end-use, and region:

Subscription Billing Management Software Outlook (Revenue, USD Million, 2017 - 2030)

• Credit And Collection Management

• Receivables Management

• Quote And Pricing Management

• Subscription Order Management

• Dispute Management

• Others

Subscription Billing Management Services Outlook (Revenue, USD Million, 2017 - 2030)

• Professional Services

• Managed Services

Subscription Billing Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud

• On-premise

Subscription Billing Management Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Subscription Billing Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• Retail & E-Commerce

• IT & Telecom

• Media & Entertainment

• Healthcare

• Others

Subscription Billing Management 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

List of Key Players in the Subscription Billing Management Market

• Aria Systems, Inc.

• Oracle

• BluSynergy

• SAP SE

• Conga

• Recurly, Inc.

• Gotransverse

• cleverbridge

• Zuora Inc.

• LogiSense 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.

Hair Wigs And Extensions Market Set to Surge Significantly During 2022-2030: Grand View Research Inc.

 

Hair Wigs And Extensions Market Growth & Trends

The global hair wigs and extensions market size is estimated to be USD 12.27 billion in 2030 and is anticipated to grow at a CAGR of 8.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. The use of hair wigs and extensions protects the natural hair against the damage caused by heating and the use of chemicals. Furthermore, these products are also used for styling as they are highly convenient. In addition, the increasing incidence of diseases related to hair including alopecia is another factor expected to contribute to the growth of the industry over the forecast period. The COVID-19 pandemic had a negative impact on the global industry due to the shortage of human hair as a result of the closure of salons to stop the spread of the virus.

The industry was also heavily impacted due to restrictions on the export and import of the products. The businesses operating in the industry suffered a major loss due to delays in the shipment of products across the globe. The wigs segment held a higher share of the overall revenue in 2021 and is expected to expand at a substantial CAGR over the forecast period. The high adoption of wigs is the primary factor expected to contribute to the growth of the segment. Wigs enable the user to achieve the desired look by styling it without causing any damage to the natural hair while using chemicals and heat, which is increasing the adoption of wigs.

North America accounted for the largest revenue share in 2021 and is estimated to grow at a considerable CAGR over the forecast period. The increasing adoption of hair extensions & wigs by consumers in the region as a fashion accessory is a key factor contributing to its growth. Moreover, high product usage by all types of age groups as a part of their costume during the Halloween season. Major players are undertaking various strategies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain a higher share of the industry.

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Hair Wigs And Extensions Market Report Highlights

• Asia Pacific is expected to grow with the fastest CAGR over the forecast period due to the rising product adoption among the millennials and gen z population as a fashion accessory

• The extensions segment is estimated to register the fastest growth rate during the forecast period

• This growth is attributed to the factors, such as the growing demand for high-quality extensions coupled with their availability in different attaching techniques

• The synthetic hair type segment is projected to register the fastest growth rate during the forecast period

• This growth is attributed to the increasing adoption of synthetic hair goods as these are cheaper than human hair

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Hair Wigs And Extensions Market Segmentation

Grand View Research has segmented the global hair wigs and extensions market on the basis of product, hair type, and region:

Hair Wigs & Extensions Product Outlook (Revenue, USD Million, 2017 - 2030)

• Wigs

• Extensions

Hair Wigs & Extensions Hair Type Outlook (Revenue, USD Million, 2017 - 2030)

• Human Hair

• Synthetic Hair

Hair Wigs & Extensions Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Indonesia

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players of Hair Wigs And Extensions Market

• Evergreen Products Group Ltd.

• Godrej Consumer Products Ltd.

• Artnature Inc.

• Aderans Co., Ltd.

• Donna Bella Hair

• F.N. Longlocks

• ALERIANA Wigs

• Klix Hair Extensions

• Indique Hair

• Shake-N-Go, 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.

Pet Grooming Services Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 

Pet Grooming Services Market Growth & Trends

The global pet grooming services market size is expected to reach USD 9.83 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 7.09% from 2022 to 2030. Increasing humanization of pets, rising number of pet service businesses & premiumization of pet services, and high pet expenditure are some of the key factors contributing to the industry growth. PetPass Mobile Grooming is a U.S.-based start-up founded in 2014 that provides grooming and additional services, such as mud treatments, flea/tick treatments, massage, walking, and yard clean-up to pet parents at home or office. The industry registered reduced revenues during the COVID-19 pandemic due to limited access to groomers and grooming salons. However, as pet parents started working from office, the demand for these services is expected to increase in the coming years.

Key players are using competitive pricing strategies, bundling of services, as well as subscription models to attract and retain new customers. As of August 2022, Pets at Home Group plc had about 7.3 million active members of their VIP loyalty club that benefitted from the company’s pet care ecosystem comprising pet products, vet practices, grooming salons, etc. Pet grooming services, both at home and at-commercial facilities have been gaining traction among owners. This is owing to an inclination toward improved physical appearance and increasing awareness about the health & hygiene of companion animals. Pet care marketplaces, such as Groomit, Go Groom It (UAE), etc. are gaining traction as they connect pet parents to groomers. Changing lifestyles in developing countries, such as India, has led to increased preference for commercial grooming packages, which is also expected to drive the industry over the forecast period.

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Pet Grooming Services Market Report Highlights

• The dogs pet type segment held the highest revenue share in 2021 and is expected to grow at a significant CAGR over the forecast period

• The cats segment is expected to register the fastest CAGR from 2022 to 2030

• Georgia House Rabbit Society in the U.S., for instance, offers grooming services for rabbits that include nail clipping, brushing, bathing, scent gland cleaning, trimming, etc.

• The massage/spa & others segment dominated the industry in 2021. It is also projected to grow at the fastest CAGRover the forecast years

• The commercial facilities delivery channel segment accounted for the highest revenue share in 2021

• North America is expected to lead the industry throughout the forecast period due to the presence of key players and the premiumization of pet services

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

Pet Grooming Services Market Segmentation

Grand View Research has segmented the global pet grooming services market on the basis of pet type, service type, delivery channel, and region:

Pet Grooming Services Pet Type Outlook (Revenue, USD Million, 2017 - 2030)

• Dogs

• Cats

• Others

Pet Grooming Services Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Massage/Spa & Others

• Shear & Trimming

Pet Grooming Services Delivery Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial Facilities

• Others

Pet Grooming Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

List of Key Players of Pet Grooming Services Market

• Petsfolio

• Pets At Home, Inc.

• PetSmart LLC

• Wag Labs, Inc.

• POOCH DOG SPA 

• Paradise 4 Paws

• PetBacker

• Dogtopia Enterprises 

• Anvis Inc.

• Pawz & Company

About Grand View Research

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