Radiology Information Systems Market Trends Regulations And Competitive Landscape Outlook to 2030

 Radiology Information Systems Market Growth & Trends

The global radiology information systems market size is expected to reach USD 1.9 billion by 2030, registering a CAGR of 10.19% from 2023 to 2030, according to a new report by Grand View Research, Inc. This market growth is driven by the factors such as the increasing incidences of chronic diseases and the adoption of advanced technologies in healthcare facilities. The growing usage of digital healthcare infrastructure, which helps collect and manage information generated by hospitals, clinics, and institutes, has enhanced the efficiency and effectiveness of their services.

The integration of Artificial Intelligence (AI) into radiology information system (RIS) offers lucrative growth opportunities for the market. This will result in smoother workflows, better patient care, and consistent support for radiologists. It also helps radiologists to deliver a coordinated ecosystem experience to make faster, more accurate, and more consistent diagnoses. Additionally, government initiatives to increase the adoption of RIS are expected to boost market growth.

An increasing number of medical imaging tests for various diseases is anticipated to drive the growth of the market. As per Harvard Health, around 80 million CT scans were performed in the U.S. annually. Furthermore, the number of radiology labs and increasing installations of MRI and CT scans have created the demand for RIS in hospitals.

COVID-19 slowed the growth of the market. This was mainly due to the decline in the number of non-urgent medical imaging procedures during the first wave. However, patient volumes recovered strongly in the second half. Many government organizations recommended radio-imaging tests for the detection of black fungus among COVID-19 patients. This positively impacted growth of the market in 2021.

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Radiology Information Systems Market Report Highlights

• Based on deployment mode, the web-based segment held the largest revenue share in 2022, due to workflow enhancement features such as scheduling, document imaging, automated insurance eligibility functions, and billing
• Based on product, the integrated RIS segment accounted for the largest market share in the year 2022. It offers data analysis with the help of Picture Archiving and Communication System (PACS) for the development of IT service models
• Hospitals, emergency healthcare service providers, and physicians are a few RIS end-users. Hospitals majorly prefer radiology solutions for patient scheduling, and appointments, along with tracking patient history and records
• North America led the radiology information systems market in 2022 in terms of revenue attributed to the technological advancements and presence of major market players
• In July 2021, Kestral, an Australia RIS company, Aceso Health, a healthcare solution provider in New Zealand, and Sorsix Technologies entered into a multi-year collaboration. Under the terms of the agreement, the companies will combine Aceso's Snap scan Patient Online Booking System with Kestral's Karisma RIS.

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Radiology Information Systems Market Segmentation

Grand View Research has segmented the global radiology information systems market based on the deployment mode, product, and end-use.

RIS Deployment Mode Outlook (Revenue, USD Million, 2016 - 2030)

• Web-based
• On-premise
• Cloud-based

RIS Product Outlook (Revenue, USD Million, 2016 - 2030)

• Integrated RIS
• Standalone RIS

RIS End-Use Outlook (Revenue, USD Million, 2016 - 2030)

• Hospitals & Clinics
• Outpatient Department (OPD)
• Others

RIS Regional Outlook (Revenue, USD Billion, 2016 - 2030)

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

List of Key Players in Radiology Information Systems (RIS) Market

• Oracle
• General Electric Company
• IBM
• Koninklijke Philips N.V.
• Siemens Healthineers AG
• All scripts Healthcare, LLC
• Epic Systems Corporation
• McKesson Corporation
• MedInformatix, Inc.
• eRAD
• Pro Medicus, 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.

Corporate Wellness Market Witness Excellent Revenue Growth During 2023-2030: Grand View Research Inc

 Corporate Wellness Market Growth & Trends

The global corporate wellness market size is expected to reach USD 74.9 billion by 2030, expanding at a CAGR of 4.47% during the forecast period, based on a new report by Grand View Research, Inc. Rising obese and overweight population increases insurance costs that account for the financial burden on employers. Corporate wellness initiatives target particular health risk factors such as stress, obesity, smoking, poor eating, and lack of exercise.

The pandemic has caused a change in the process of delivering wellness services. Although in-person sessions have resumed to some extent, the virtual platform has been made available to at-risk employees to meet their psychological and fitness needs. Initially, the lockdown imposed due to COVID-19 resulted in a transition to work from home, causing a great deal of stress. Companies around the globe are modifying their corporate wellness strategies to meet the emerging public health crisis due to COVID-19.

Organizations are increasingly using corporate wellness programmes to boost employee health and productivity, mitigate health risks, and minimize employee healthcare expenses. Businesses are more conscious of the importance of maintaining a psychologically and physically healthy workforce. As a result, capital investment in employee wellness programmes, solutions, and services has surged. Absenteeism expenses are reduced by USD 2.7 for every dollar spent on fitness programmes, according to a study conducted by Harvard economists. As a direct consequence, employees must be encouraged to live a healthier lifestyle in order to perform better.

Employers providing the programs have noticed a significant rise in productivity and a decline in leaves and attrition. In addition, companies in the U.K. initiated the Fit for Work service, which offers a tax benefit of USD 663.3 per year. Organizations are providing wearables, such as Fitbit, Apple, and Google watches, which helps in keeping track of parameters such as heart rate and blood pressure.

Moreover, the International Labor Organization (ILO) estimates that the Asia-Pacific employs 1.9 billion people. Globalization has led in significant economic expansion throughout the region, with most countries experiencing a continuous increase in the number of employees. Additionally, the region's workforce is aging, with the region's population aged 60 and over predicted to grow by 24% by 2050, according to the United Nations report. This would result in an increase in the burden of chronic diseases among the region's working population in the following years. These factors create a potential for the market to grow in emerging countries throughout the forecast period.

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Corporate Wellness Market Report Highlights

• In terms of service, the health risk assessment segment dominated the corporate wellness market in 2022. The health assessment activities enable employers to implement strategic initiatives to deal with the identified health risks
• The stress management segment is likely to showcase the fastest growth rate from 2023 to 2030, owing to the rising preference for on-site yoga and meditation services and the rising prevalence of depression and anxiety due to the COVID-19 pandemic.
• Based on End-Use, large scale organizations segment dominated the market in 2022. The infrastructure in large scale companies makes conducting fitness services easier and convenient
• North America dominated the market in 2022 due to the popularity of corporate wellness in the region. According to a survey by Benefits Canada conducted on 1300 employers, North America had the highest number of corporate wellness programs. More than 80.0% of the employers in North America are offering corporate wellness services to their employees

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Corporate Wellness Market Segmentation

Grand View Research has segmented the global corporate wellness market based on service, end-use, category, delivery model, and region:

Corporate Wellness Service Outlook (Revenue, USD Million, 2016 - 2030)

• Health Risk Assessment
• Fitness
• Smoking Cessation
• Health Screening
• Nutrition & Weight Management
• Stress Management
• Others

Corporate Wellness End-Use Outlook (Revenue, USD Million, 2016 - 2030)

• Small Scale Organizations
• Medium Scale Organizations
• Large Scale Organizations

Corporate Wellness Category Outlook (Revenue, USD Million, 2016 - 2030)

• Fitness & Nutrition Consultants
• Psychological Therapists
• Organizations/Employers

Corporate Wellness Delivery Model Outlook (Revenue, USD Million, 2016 - 2030)

• Onsite
• Offsite

Corporate Wellness Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Switzerland
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of the Corporate Wellness Market

• ComPsych
• Wellness Corporate Solutions
• Virgin Pulse
• EXOS
• Marino Wellness
• Privia Health
• Vitality
• Wellsource, Inc.
• Central Corporate Wellness
• Truworth Wellness
• SOL Wellness

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.

General Surgery Devices Market to Reflect Impressive Expansion During 2022 to 2030: Grand View Research Inc.

 General Surgery Devices Market Growth & Trends

The global general surgery devices market size is expected to reach USD 29.96 billion by 2030, registering a CAGR of 8.29% over the forecast period, according to a new report by Grand View Research, Inc. Increasing number of surgical procedures coupled with technological advancements is anticipated to drive the market. Moreover, increasing awareness and patient affordability for plastic or reconstructive surgeries would propel the number of procedures conducted. Technological advancements in the field of general surgery are considered key drivers of this industry. Several key players are investing in R&D for the launch of innovative products. For instance, the development of medical robots to assist surgeons is a key advancement in the field.

Medical robots offer several advantages, such as a 3D view of the operating field, reduced blood loss & transfusions, early discharge from the hospital, lower risk of infection, faster recovery time, minimal scarring, less trauma to the body & less postoperative pain, more precision in surgery due to the elimination of a surgeon’s tremor. Furthermore, an increase in the number of road accidents, an aging population, and rising healthcare expenditure in emerging economies are also among the key factors expected to boost industry growth. The geriatric population is more susceptible to a vast number of diseases, which is likely to increase the need to treat the diseases effectively, thereby boosting industry growth. According to the U.S. Census Bureau, healthcare spending worldwide is anticipated to increase to USD 18.28 trillion by 2040, growing at a CAGR of 2.6%.

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General Surgery Devices Market Report Highlights

• North America accounted for the largest revenue share in 2021 owing to favorable reimbursement policies, the presence of key companies, and government initiatives
• The Asia Pacific region is estimated to register the fastest CAGR during the forecast period due to advancing technology, increasing investment, improving reimbursement scenarios, and growing medical tourism
• The disposable surgical supplies segment led the industry in 2021 owing to the high demand for disposable supplies, such as needles, syringes, and catheters
• The medical robotics & computer-assisted surgery devices segment is projected to register a CAGR from 2022 to 2030 due to high investments in R&D, availability of technologically advanced products, and a rise in their adoption
• The orthopedic surgery segment held the largest share in 2021 due to the increased cases of bone diseases and the high geriatric population across the globe
• In 2021, the hospitals end-use segment accounted for the fastest revenue share during the forecast period

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General Surgery Devices Market Segmentation

Grand View Research has segmented the global general surgery devices market on the basis of type, application, end-use, and region:

General Surgery Devices Type Outlook (Revenue, USD Million, 2017 - 2030)

• Disposable Surgical Supplies
  • Surgical Non-woven
    • Disposable Surgical Masks
    • Surgical Drapes
    • Surgical Caps
    • Surgical Gowns
  • Examination & Surgical Gloves
  • General Surgery General Surgery Procedural Kits
  • Needles and Syringes
  • Venous Access Catheters
• Open Surgery Instrument
  • Retractor
  • Dilator
  • Catheters
• Energy-based & Powered Instrument
  • Powered Staplers
  • Drill System
• Minimally Invasive Surgery Instruments
  • Laparoscope
  • Organ Retractor
• Medical Robotics & Computer Assisted Surgery Devices
• Adhesion Prevention Products

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

• Orthopedic Surgery
• Cardiology
• Ophthalmology
• Wound Care
• Audiology
• Thoracic Surgery
• Urology & Gynecology Surgery
• Plastic Surgery
• Neurosurgery
• Others

General Surgery Devices End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics

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

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

List of Key Players of General Surgery Devices Market

• Medtronic Plc
• Johnson & Johnson Service, Inc.
• Conmed Corp.
• Integra LifeSciences
• Smith & Nephew
• Becton, Dickinson and Company (Bd)
• Braun Melsungen AG
• Cadence Inc.
• Integer Holdings Corp.
• Olympus Corp.
• Stryker
• Boston Scientific Corp.
• Erbe Elektromedizin GmbH
• 3M 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.

Biochips Market to Undertake Strapping Growth By 2030

 Biochips Market Growth & Trends

The global biochips market size is expected to reach USD 25.92 billion by 2030, registering a CAGR of 13.35% during the forecast period, according to a new report by Grand View Research, Inc. The rising requirement for drug discovery and development coupled with the adoption of personalized medicine is likely to favor the industry's growth. Furthermore, the rise in the implementation of next-generation sequencing by biotechnology companies around the globe is pushing product demand. For instance, in December 2021, Abbott received CE Mark for the i-STAT TBI Plasma test, a portable analyzer for Traumatic Brain Injury (TBI) blood. Hence, the company is permitted to expand its footprint in the European Union. The innovation in sequencing techniques has allowed researchers to decode DNA molecules up to the level of the complete human genome.

Ion Torrent chip by Thermo Fisher Scientific is one of the technologies based on sequencing by the technique of synthesis. The chip is an advancement in the Next-Generation Sequencing (NGS) technology that makes massively parallel sequencing cost-effective for every lab. Hence, the development of biochips to enhance the NGS application is anticipated to support the growth of the industry. Similarly, increasing government-based initiatives to promote the domestic production of biochips is likely to support the growth in the coming years. This strategic initiative is to match the local demand for the product with the supply. For instance, in July 2022, SiPhox, Inc. received a grant worth USD 681,631 from the Baker-Polito Administration.

The financial support is to accelerate the development of a manufacturing facility for the mass production of pluggable photonic biochips. It is estimated to accelerate the output to around 5,000 biochips per month from around 100 per month to match the rising demand from biotech segments including drug discovery, vaccine development, and distributed diagnostics. Such investments are likely to supplement the industry growth in the coming years. The COVID-19 pandemic is estimated to have a positive impact on industry growth during the forecasted period. Various companies collaborated to develop innovative solutions to deal with the pandemic. For instance, in March 2020, SkyWater Technology announced the collaboration with MGI, to supply essential components for COVID-19 sequencing, including microfluidic MEMS devices.

The growing requirement for personalized medicine is likely to become a key application area for the industry in the coming years. Since biochip is emerging as an important component in molecular diagnostics, their use in point-of-care diagnostics is anticipated to smooth the development of personalized medicines. In addition, gene expression profiling through microarrays is expected to enhance the progress of personalized treatment for cancer based on molecular classification. However, the cost involved in the manufacturing of biochips is considerably high, resulting in high pricing for end-users. For instance, Josep Carreras Leukaemia Research Institute (IJC) provides microarray to researchers. The cost of GeneChip Human Gene 2.0 ST for whole-transcript expression analysis & profiling ranges from USD 456 to 593 for fresh samples.

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Biochips Market Report Highlights

• The DNA chips type segment accounted for the largest revenue share in 2021 due to the high demand for rapid and accurate detection of cancer
• The drug discovery application segment for lab-on-chip is anticipated to grow at a faster rate during the forecast period as the biochip helps lower the overall cost of drug discovery & development
• The biotechnology and pharmaceutical companies end-user segment captured a significant revenue share in 2021 due to the need for personalized medicines along with the increasing drug discovery & development
• North America held the largest revenue share in 2021 owing to high R&D investment coupled with the accessibility of capital through venture capitalists for startups and the application development of biochips in the region
• Asia Pacific is projected to register the fastest CAGR from 2022 to 2030 owing to various initiatives by local governments to promote domestic product manufacturing

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Biochips Market Segmentation

Grand View Research has segmented the global biochips market based on type, end-user, and region:

Biochips Type Scope Outlook (Revenue, USD Million, 2018 - 2030)

• DNA Chips
  • Cancer Diagnosis&Treatment
  • Gene Expression
  • SNP Genotyping
  • Genomics
  • Drug Discovery
  • Agricultural Biotechnology
  • Others
• Protein Chips
  • Proteomics
  • Expression Profiling
  • Diagnostics
  • HTS
  • Drug Discovery
  • Others
• Lab-on-chip
  • Genomics
  • IVD & POC
  • Proteomics
  • Drug Discovery
  • Others
• Tissue Arrays
• Cell Arrays

Biochips End-use Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Biotechnology And Pharmaceutical Companies
• Hospitals And Diagnostics Centers
• Academic & Research Institutes
• Others

Biochips Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • 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 the Key Players of Biochips Market

• Abbott Laboratories
• Agilent Technologies, Inc.
• PerkinElmer, Inc.
• Fluidigm Corporation
• Illumina, Inc.
• GE Healthcare
• Bio-Rad Laboratories, Inc.
• Thermo Fisher Scientific, Inc.
• LI-COR, Inc.
• Molecular Devices, LLC.

About Grand View Research

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

Sales Training Software Market To Hold a High Potential for Growth by 2030: Grand View Research Inc.

 Sales Training Software Market Growth & Trends

The global sales training software market size is anticipated to reach USD 6.11 billion by 2030, registering a CAGR of 14.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. The industry growth can be attributed to the paradigm shift in the focus of the incumbents of various end-use industries to reduce the time employees spend on repetitive tasks and devote the time saved to other customer engagement and relationship management activities. The sales training software can particularly help end-use enterprises in improving employee productivity, boosting product sales, and utilizing resources efficiently. Benefits associated with the adoption of such software include easy sales content creation and streamlined sales enablement.

The software also offers critical sales metrics measurements. Several organizations are looking to leverage advanced sales enablement solutions featuring technologies, such as Machine Learning (ML) & Artificial Intelligence (AI), to allow their sales and marketing teams more time to close deals and make connections. The AI-powered solution automates various tedious tasks in the sales training, such as generating analytics reports and drafting personalized content as per their interests, & business requirements. AI-driven sales training solutions offer sales teams easy mobile access to significant sales functions, which helps them achieve higher win rates and provide better experiences to prospects.

These advancements are expected to further boost the industry's growth during the forecast period. Key players are investing in R&D to develop innovative solutions to attract potential business clients and, thus, increase revenues. For instance, in October 2020, Highspot unveiled its sales enablement platform, which offers new sales training capabilities with a scorecard function for holistic evaluation and assessment of the sales personnel. The platform allows managers to create and manage virtual sales programs easily and train the sales team to meet sales targets. Managers can also obtain detailed insights into the performances of the sales personnel via a 360-degree analytics report.

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Sales Training Software Market Report Highlights

• The cloud-based segment is expected to grow significantly from 2022 to 2030. Various companies are focusing on migrating their sales training software to a cloud platform to reduce maintenance costs and increase the revenue stream
• For instance, in April 2022, RAIN GROUP, a sales training company, collaborated with ValueCore, a cloud-based ROI platform company, to enable sales & marketing companies to represent entrancing value propositions to their customers
• The SME segment is expected to observe a rapid CAGR during the forecast period as SMEs are adopting sales training software to train their marketing & sales representatives to improve their brand identity worldwide in a minimum time
• The IT & telecom segment is anticipated to experience notable growth during the forecast period as the IT & telecom companies are focusing on increasing the customer retention rate through effective marketing & sales strategy
• Asia Pacific is expected to register the fastest CAGR from 2022 to 2030 due to the increasing focus of end-use firms on sales training and enablement platforms to convert maximum leads into customers and stay competitive in their respective industries

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Sales Training Software Market Segmentation

Grand View Research has segmented the global sales training software market based on deployment, enterprise size, end-use, and region:

Sales Training Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Sales Training Software Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprise
• Small & Medium Enterprise

Sales Training Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Automotive
• Retail
• Healthcare
• IT & Telecom
• Discrete Manufacturing
• Government & Education
• Others (Hospitality, Consumer Goods, and Logistics & Transportation among others)

Sales Training Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Sales Training Software Market

• Allego
• Brainshark, Inc.
• Mindmatrix Inc.
• Mindtickle Inc.
• Qstream, Inc.
• Salesforce, Inc.
• SalesHood Inc.
• SAP SE
• Showpad
• Zoho Corp. Pvt. 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.

Asia Pacific Food Grade Carbon Dioxide Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Asia Pacific Food Grade Carbon Dioxide Market Growth & Trends

The Asia Pacific food grade carbon dioxide market size is expected to reach USD 673.07 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2022 to 2030. Increasing usage of food-grade carbon dioxide for carbonation in carbonated beverage plants is anticipated to result in the growth of the market in the Asia Pacific. Moreover, the usage of food-grade carbon dioxide in meat processing and modified atmosphere packaging applications is anticipated to surge in the Asia Pacific region during the forecast period.

The demand for food-grade carbon dioxide is expected to increase in the meat industry owing to the increasing production and export of meat in the region. Carbon dioxide is used to preserve meat and prolong its shelf life. As carbon dioxide is an inert gas, it protects the meat from bacteria and preserves it for longer. Increasing disposable income in emerging countries of the region is expected to boost market growth during the forecast period.

In terms of revenue, the carbonation segment accounted for a share of 33.3% of the overall market in 2021. The growth of this segment can be attributed to the presence of leading carbonated beverage companies in the world opening bottling plants to cater to the growing demand in the region. The freezing and chilling application segment is expected to grow at a significant CAGR of 5.3% over the forecast period owing to the increasing import and export of frozen foods, thus stimulating the demand for cold storage.

In terms of revenue, the meat source segment is projected to grow at a CAGR of 6.6% during the forecasted period. Rising disposable incomes of consumers in the Asia Pacific region have increased the demand for meat and other frozen dairy items. The demand for food-grade carbon dioxide is expected to increase in Asia pacific as market players are opening new facilities to cater to the growing demand for meat.

China is one of the largest markets for carbon dioxide consumption globally owing to the large number of food exports in the country, which require carbon dioxide for preservation. According to the World Bank, food exports in China increased from 7.6% of the total exported merchandise to 9.1% from 2010 to 2021, thereby, boosting the demand for food-grade carbon dioxide.

The Asia Pacific food grade carbon dioxide market is moderately consolidated with the presence of various multinational players. The market is highly competitive as it requires significant initial investments for new research and development for new players to enter the market. Some of the significant players in the Asia Pacific food grade carbon dioxide market include Linde plc, Air Products Inc., and Air Liquide. Companies operating in this market have adopted merger and acquisition strategies to enhance their market share and expand their networks in the Asia Pacific region.

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Asia Pacific Food Grade Carbon Dioxide Market Report Highlights

• The freezing & chilling segment held the largest revenue share of 39.85% in 2021, owing to an increase in the Asia Pacific food processing industry with many companies opening production facilities in the region
• In terms of revenue, the dairy and frozen products segment held the largest share of 31.90% in 2021. Increasing demand for prepackaged dairy and frozen products stimulated by increasing disposable income is expected to boost growth during the forecast period
• In terms of revenue, China accounted for a dominant revenue share of 38.51% in 2021. Increasing demand from the food export industry, coupled with increasing domestic consumption, is expected to augment the growth during the forecast period

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Asia Pacific Food Grade Carbon Dioxide Market Segmentation

Grand View Research has segmented the Asia Pacific food grade carbon dioxide market based on sources, application, and country:

Asia Pacific Food Grade Carbon Dioxide Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Freezing & Chilling
• Packaging
• Carbonation

Asia Pacific Food Grade Carbon Dioxide Sources Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Dairy and Frozen Products
• Beverages
• Meat
• Poultry
• Others

Asia Pacific Food Grade Carbon Dioxide Country Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Vietnam
  • Singapore
  • Thailand

List of Key Players in the Asia Pacific Food Grade Carbon Dioxide Market

• Air Liquide
• Air Products and Chemicals, Inc.
• Coregas
• Ellenbarrie Industrial Gases
• IFB Agro Industries Limited
• Linde plc
• Messer
• Sicgil India Limited
• Southern Gas Limited
• TAIYO NIPPON SANSO CORPORATION
• WKS Industrial Gas Pte 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.

Canada Plastic Packaging Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 Canada Plastic Packaging Market Growth & Trends

The Canada plastic packaging market size is expected to reach USD 13.76 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2022 to 2030. The growing demand for plastic from end-use industries and the increasing demand for convenient and efficient packaging are the factors expected to further fuel the growth of the industry.

Plastic packaging is one of the most convenient packaging solutions through which companies can offer a wide range of products including personal & oral care, healthcare, and food products. Efficient designs as per client requirements make product dispensing much easier. In addition, plastic packaging offers convenience in terms of the application of the product and portability. Due to their lightweight, these packaging forms are easy to carry and store, especially while traveling.

Products have developed functionality for added convenience such as one-hand application and maintaining hygiene for the user. However, the escalated production and consumption of plastic have become a major environmental problem due to inefficient waste management systems. Therefore, the companies are switching to sustainable sources of packaging which is emerging as a major restrain for the growth of the plastic packaging industry.

The market is steadily moving toward sustainability packaging owing to the rising stringent regulations on the use of excessive plastic packaging coupled with the growing sustainability awareness among consumers. In line with this, in May 2019, Graham Packaging Company announced its plan of 100% incorporation of reusable, recyclable, or compostable packaging by 2025.

Similarly, several other leading packaging companies including Amcor plc, Mondi, and Sonoco Products Company have pledged to incorporate reusability- and recyclability-based packaging portfolios in the forthcoming years. For instance, in December 2020, Amcor plc partnered with 35 consumer goods companies to promote recyclable packaging materials and reduce plastic waste. The partnership aims to deliver packaging that is easy and cost-effective to recycle.

Moreover, the continuous investment in research & development programs by the leading players has led to the introduction of several packaging technologies in recent years. Modified atmosphere packaging (MAP), airless packaging, retort packaging, child-proof and elderly-friendly packaging, temperature-controlled packaging, and tamper-proof packaging are a few of the widely utilized packaging technologies. Such value additions in the packaging have resulted in the significant expansion of the market, in terms of revenue, and benefitted the companies, in terms of profit margin.

Key players are increasingly investing in the development of bio-based packaging products. In April 2019, Sealed Air collaborated with Kuraray America, Inc., a Japan-based specialty material manufacturer, to develop plant-based packaging for perishable foods such as poultry, beef, and seafood in the U.S., Canada, and Mexico. Mondi has also been offering packaging products made from biopolymers based on renewable resources instead of PE. Numerous chemical companies such as BASF SE, Braskem S.A., NatureWorks, Novamont, and Plantic are developing biopolymers to cater to the increasing global demand.

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Canada Plastic Packaging Market Report Highlights

• Based on source, the polyethylene segment dominated with a revenue share of 32.60% in 2021, owing to the increasing demand for packaged goods, surging trade activities, and growing dependency of customers on online delivery of the goods. The easy availability of polyethylene, along with its affordable price, is anticipated to result in the growth of the segment
• The rigid segment accounted for the highest revenue share of 56.64% in 2021 owing to its applicability and functionality of offering excellent protection to packaged goods and products
• Primary packaging emerged as dominating product segment with a revenue share of 49.82% in 2021. Wide availability, low cost, and increasing demand for processed food products and medicines, and the increasing adoption of personal care products have contributed to the highest share of the segment
• The beverages end-use segment is anticipated to have the highest CAGR of 4.2% over the forecast period. Increasing consumption of non-alcoholic beverages and the rising demand for functional beverages in Canada are significantly driving the demand for plastic packaging
• Key companies are majorly adopting acquisition and new product launch strategies to expand their manufacturing capabilities, product portfolios, and geographical presence. For instance, in July 2022, Coveris launched stretch films, which have 30% recycled content. This product launch aims to reduce the consumption of virgin plastic and expand the product portfolio in sustainable packaging. Also, In August 2021, ALPLA acquired Wolf Plastics Group to expand its product portfolio in buckets and canisters and its presence in Central and South-Eastern Europe

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Canada Plastic Packaging Market Market Segmentation

Grand View Research has segmented the Canada plastic packaging market based on material, product, type, technology, application, and application channel:

Canada Plastic Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• PE
  • HDPE
  • LDPE
  • LLDPE
• PET
• PS
• PP
• Bioplastic
  • PLA
  • Starch Blend
  • PHA
  • Biodegradable Polyester
  • Others
• Others

Canada Plastic Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Rigid
  • Bottles Jars
  • Cans
  • Trays & Containers
  • Caps & Closures
  • Drums
  • IBC
  • Pails
  • Others
• Flexible
  • Wraps and Films
  • Bags
  • Pouches
  • FIBC
  • Others

Canada Plastic Packaging Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Primary
• Secondary
• Tertiary

Canada Plastic Packaging Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Injection Molding
• Extrusion
• Blow Moldings
• Thermoforming
• Others

Canada Plastic Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Food
• Beverages
• Industrial Packaging
• Pharmaceuticals
• Personal & Household Care
• Petroleum and Hazardous Chemicals
• Others

Canada Plastic Packaging Application Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Retail
  • In-Store
  • E-Commerce
• Industrial

List of Key Players in the Canada Plastic Packaging Market Market

• Amcor Plc.
• Berry Global Group, Inc.
• CCL Industries
• Coveris
• Sealed Air
• Sonoco Products Company
• WINPAK Ltd.
• Alpha Packaging
• Constantia Flexibles
• Mondi
• Gerresheimer AG
• Silver Spur Corporation
• Greif
• Transcontinental Inc.
• ALPLA

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.

Animal Feed Organic Trace Minerals Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 Animal Feed Organic Trace Minerals Market Growth & Trends

The global animal feed organic trace minerals market size is expected to reach USD 917.4 million by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 7.6% from 2022 to 2030. The industry growth is majorly attributed to the growing demand for animal feed. The market is characterized by the presence of a large manufacturing base. Growing demand for animal feed organic trace minerals from poultry and ruminants is expected to play a key role in the growth of this market over the forecast period.

Raw materials used to manufacture the product using the natural route are zinc, copper, iron, selenium, and manganese. Copper is one of the major minerals in livestock food. In the cattle food industry, zinc is used to increase the immunity of livestock. Along with zinc, copper is also considered to be an essential trace mineral in animal feed. Copper helps in increasing the metabolism in animal bodies. It also helps in the formation of bones and tissues in livestock. Animal feed is widely used in the dairy cattle, poultry, pigs, horses, and fish industries. One of the basic functions of organic trace minerals involves improving the quality of feed. Although they are used in minute quantities, their significance on the overall health and productivity of livestock cannot be undermined.

Livestock food products are extensively used to improve the immune systems and the vital metabolic functions in animals. Minerals that are used in traces perform specific functions in different animals. Zinc helps in the formation of eggshells in poultry, whereas manganese aids in the synthesis of fatty acids and cholesterol and the production of melanin. The end-use industries of livestock food including dairy cattle and poultry were impacted by COVID-19. Processing plants started facing operational and labor problems in late March, and in many cases, things became worse in late April or early May. As the market returned to normal by the end of 2021, the product witnessed an increase in demand over the forecast period. 

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Animal Feed Organic Trace Minerals Market Report Highlights

• Asia Pacific captured the largest revenue share of over 35.0% in 2021. This is owing to the increased consumption of meat, chicken, dairy products, and other livestock
• The zinc product segment held the largest revenue share of over 30.0% in 2021. This is owing to the high demand for cost-effective livestock food, which is manufactured from Zinc
• Poultry was the largest application segment in 2021 with a revenue share of over 40.0%. This is attributed to high demand from the livestock food market
• Several large players operate globally. With a developed value chain, it is a well-established industry. In order to gain a competitive edge and enter untapped markets, players are expanding their geographic reach

Access Press Release@ https://www.grandviewresearch.com/press-release/global-animal-feed-organic-trace-minerals-market

Animal Feed Organic Trace Minerals Market Segmentation

Grand View Research has segmented the global animal feed organic trace minerals market report on the basis of product, application, and region:

Animal Feed Organic Trace Minerals Product Outlook (Revenue, USD Thousand, 2018 - 2030)

• Zinc
• Iron
• Copper
• Selenium
• Others

Animal Feed Organic Trace Minerals Application Outlook (Revenue, USD Thousand, 2018 - 2030)

• Dairy Cattle
• Poultry
• Horses
• Pigs
• Others

Animal Feed Organic Trace Minerals Regional Outlook (Revenue, USD Thousand, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Spain
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Animal Feed Organic Trace Minerals Market

• Alltech Inc.
• Archer Daniels Midland Co.
• Biochem
• Tanke International Group
• Cargill Inc.
• Kemin Industries Inc.
• Mercer Milling Co. Inc.
• Novus International Inc.
• Nutrco NV
• Pancosma SA
• Royal DSM NV
• Zinpro 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.

Safe City Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 Safe City Market Growth & Trends

The global safe city market size is expected to reach USD 87.07 billion by 2030, growingat a CAGR of 14.5% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. Shifting focus of several governments toward smart city solutions and increasing population across the globe are driving the industry growth. With the rapid urbanization in metro cities, robust safety system integration is required to control crime and traffic, supporting the industry trend. Increasing private and public investments in smart city projects are also expected to create a positive market outlook for safe city solutions. For instance, in July 2022, Thailand Government announced to invest USD 37 billion to build a smart city in Chonburi province’s Huai Yai region.

The city will be constructed on land measuring 2,340 hectares and is expected to be completed by 2032. Such initiatives will create positive traction for the market in the region. Industry players are focusing on developing safe city solutions equipped with advanced technologies, such as big data analytics, Artificial Intelligence (AI), cloud computing, cybersecurity, and the Internet of things (IoT). The safe city solution providers are integrating these technologies into their products to improve their products' performance, reliability, and adaptability with different types of systems. Companies, such as Bosch Energy & Building Solutions, Hangzhou Hikvision Digital Technology Co., Ltd., Huawei Technologies Co., Ltd., and Identiv, Inc. (3VR), are integrating IoT in their smart and safe city solutions to enable police authorities to control all connected hardware remotely.

In addition, the integration of Robotic Process Automation (RPA) tools in Command & Control Systems (CCS) automates various tasks in centralized control systems, allowing city authorities to focus on other essential tasks.Various state governments are emphasizing developing applications to protect citizens from cybercrimes when connected to public Wi-Fi networks. Various state governments in the U.S., U.K., and France are launching free public safety applications to safeguard citizens from evolving digital threats. For instance, in August 2022, the Los Angeles County Metropolitan Transportation Authority collaborated with the city of Los Angeles to introduce LA Secure application, which is free to use to protect citizens from digital threats from public Wi-Fi networks. The applicationis available for Android and iOS devices and alerts the user when the device is connected to any rogue Wi-Fi network.

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Safe City Market Report Highlights

• The service segment is anticipated to grow at the fastest CAGR from 2022 to 2030 due to the shifting focus of companies on providing bundled and customized safe city solutions, enabling clients to avail various features through one system without any need for additional charges
• Industry players are focusing on introducing innovativesolutions with reasonable subscription plans to attract key business clients and, thus, increase industryshare
• The Emergency Response System (EMS) segment is expected to register the highest CAGR from 2022 to 2030 due tosupportive government initiatives related to child & women's safety and improving emergency medical services & fire safety infrastructure
• Moreover, growing technology penetration and rising smartphone users across the globe are expected to drive the segment further
• Asia Pacific is anticipated to register the highest CAGR from 2022 to 2030. The rising number of startups and increasing public & private investments are propelling the adoption of safe city solutions in the region
• Governments of various countries, such as India, Australia, China, and South Korea, are launching smart city projects to explore new business opportunities and improve citizens’ lifestyles, supporting the region’s growth

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

Safe City Market Segmentation

Grand View Research has segmented the global safe city market based on component, technology, and region:

Safe City Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

Safe City Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Command & Control Systems
• Cybersecurity
• Public Safety Communications
• Emergency Management System (EMS)
• Video Surveillance & Analytics
• Location Tracking System
• Data Center Infrastructure
• Physical Identity & Access Management (PIAM)

Safe City Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Safe City Market

• ABB Ltd.
• ALE International SAS
• BAE Systems PLC
• Bosch Energy and Building Solutions
• Esri
• Honeywell International Inc.
• Identiv, Inc. (3VR)
• NEC Corp.
• Siemens AB
• Teledyne FLIR LLC

About Grand View Research

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