Medical Foods For Orphan Diseases Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Medical Foods For Orphan Diseases Market Growth & Trends

The global medical foods for orphan diseases market size is expected to reach USD 1.9 billion by 2030. It is expected to expand at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The major factors contributing to the industry’s growth are the growing prevalence of orphan diseases and increasing awareness about such rare conditions. Moreover, rising government initiatives for early screening and increasing initiatives by key players to develop products that cater to such niche segments also spell a promising horizon of growth.

Special medical nutritional requirements are needed for a variety of rare diseases in order to prevent major disabilities and allow normal growth in children and adults. Conditions like food protein-induced maple syrup urine disease, short bowel syndrome, and others, require special dietary requirements in order to maintain robust health. The growing awareness of such rare conditions and increased efficacy of diet plans also promise more avenues for growth.

Medical foods are expensive and may or may not be covered under health insurance. Since the FDA does not classify medicinal foods as drugs, many insurance plans do not cover them. This can impede market expansion over the forecast period.

Unlike other industries, COVID-19 had a positive impact on market growth. The increased awareness about immunity and healthy foods led to a significant rise in the adoption rate of clinical foods. In the year 2020, consumers opted for much healthier diets encompassing nutritional support and dietetic care as compared to the year 2019.

The oral segment dominated the market with a revenue share of over 69.5% in 2022. The oral route for medicinal foods remains the most convenient, and hassle-free. Hence, it remains the most preferred route for consumers globally and oral products are easily available. The expanding production of oral goods in the form of tablets, powder, and pre-thickened products also remains a prominent driver of growth.

The powder segment accounted for the largest revenue share of over 35.4% in 2022. Easy commercial availability of medicinal foods in powdered form is largely responsible for the segment's expansion. Additionally, powered forms of products are simple to use and hence widely preferred by pediatric and geriatric patients suffering from various rare diseases, which continues to drive the segment's expansion.

The institutional sales channel accounted for the largest revenue share of over 41.2% in 2022. The segment includes home care settings, hospitals, and disability facilities. The online sales segment is anticipated to expand at the fastest rate over the forecast period. Due to the convenience, these sales channel provides, more people choose to buy medicinal foods online.

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Medical Foods For Orphan Diseases Market Report Highlights

• The market size was valued at USD 1.2 billion in 2022 and is expected to grow at a CAGR of 5.5% from 2022 to 2030. Increasing prevalence of rare diseases, healthcare expenditure, early screening, and awareness about rare diseases are some key factors that propel the growth
• The oral segment held the dominant revenue share of over 69.5% in 2022. However, the enteral route of the administration segment is expected to showcase the fastest growth over the forecast years. Key players are highly focused on developing technologically advanced enteral feeding devices which are anticipated to play a major role in this segment’s growth.
• The powder segment accounted for the largest revenue share of over 35.4% in 2022. However, the liquid segment is expected to grow at the fastest CAGR over the forecast period. The rising adoption rate of liquid formulations by pediatric and geriatric consumers, as the intake of solid formulations is restricted or unfeasible is the major reason that fuels the segment’s growth
• The institutional sales channel accounted for the largest revenue share of over 41.2% in 2022. The increasing number of patient visits to hospitals and other healthcare centers for the diagnosis and treatment of different orphan disorders continues to propel the growth of the segment
• The others segment accounted for the largest revenue share of over 36.5% in 2022. The increasing number of hypoallergenic product launches and easy commercial availability of such products in various formulations further boost the segment’s growth. However, FPIES condition is expected to showcase the fastest CAGR over the forecast period
• In 2022, North America held the largest revenue share of over 30.6%. Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. Increasing penetration rate, awareness, growing use of medical foods, and several key government initiatives remain the cornerstone of its growth

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Medical Foods For Orphan Diseases Market Segmentation

Grand View Research, Inc. has segmented the global medical foods for orphan diseases market based on the route of administration, product, application, sales channel, and region:

Medical Foods For Orphan Diseases Route of Administration Outlook (Revenue, USD Million, 2016 - 2030)

• Oral
• Enteral

Medical Foods For Orphan Diseases Product Outlook (Revenue, USD Million, 2016 - 2030)

• Pills
• Powder
• Liquid
• Others

Medical Foods For Orphan Diseases Application Outlook (Revenue, USD Million, 2016 - 2030)

• Phenylketonuria
• Tyrosinemia
• Eosinophilic esophagitis
• FPIES
• MSUD
• Homocystinuria
• Others

Medical Foods For Orphan Diseases Sales Channel Outlook (Revenue, USD Million, 2016 - 2030)

• Online Sales
• Institutional Sales
• Retail Sales

Medical Foods For Orphan Diseases Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • The U.S.
  • Canada
• Europe
  • UK.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • Saudi Arabia
  • Africa
  • UAE

List of Key Players in the Medical Foods For Orphan Diseases Market

• Nestle
• Danone
• Abbott
• Mead Johnson & Company, LLC
• Relief Therapeutics
• Solace Nutrition
• Ajinomoto Cambrooke, Inc.

About Grand View Research

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

U.S. Pharmaceutical Sterility Testing Market to Reflect a Holistic Expansion During 2022 to 2030: Grand View Research Inc.

 U.S. Pharmaceutical Sterility Testing Market Growth & Trends

The U.S. pharmaceutical sterility testing market size is anticipated to reach USD 1.18 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.9% from 2022 to 2030. Supportive government investment in the healthcare industry, increasing R&D activities, and growing demand for new therapeutics in the country are the key factors driving the growth. The majority of clinical trials worldwide are performed in the U.S. alone.

According to ClinicalTrials.gov, as of October 2022, over 31% of global clinical trials were registered in the U.S. alone. This is due to the significant number of initiatives taken by public organizations in the country to support R&D activities. The presence of technologically advanced infrastructure and an increase in R&D investment by pharmaceutical companies are also supporting clinical trials in the country. This is expected to improve the number of new medications and medical devices in the coming years in the U.S. and support the market in the post-pandemic period.

The government is keen on bringing down healthcare costs, which is anticipated to encourage the U.S. Food and Drug Administration (FDA) to promote the fast approval of generic pharmaceuticals. Faster approvals drive the need for newer sterility testing methods. This is anticipated to encourage market participants to spend more on sterility solutions and, in turn, expand the market. With an increasing demand for drugs, companies are launching new drugs with different routes of administration, dosage, and indication. These launches require thorough sterility testing and, thus, are anticipated to drive the industry’s growth.

The majority of pharmaceutical companies, biopharmaceutical companies, CROs, and CMOs are headquartered in the U.S. Companies such as Catalent, Inc., Pfizer Inc., AbbVie, Merck; Co. Johnson & Johnson, and Abbott are located in the U.S. The high number of pharmaceutical companies, biopharmaceutical companies, CMOs, and CROs located in the U.S. contributes to the high demand for sterility testing of pharmaceuticals, thus supporting the market growth.

The country suffers from a high burden of cancer. Due to this, government-based research institutes in the U.S. are constantly trying to improve cancer research funding in the country. For instance, in May 2022, the American Institute of Cancer Research stated that it had funded more than USD 110 million in cancer research in 2022, and it intends to fund more in the coming years to reduce the burden of cancer. Such initiatives are expected to increase the number of new medications for cancer in the coming years, thus increasing the demand for sterility testing of cancer drugs in the post-pandemic period.

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U.S. Pharmaceutical Sterility Testing Market Report Highlights

• Outsourcing emerged as the largest segment in 2021 with a share of 45.2%, as pharmaceutical and biopharmaceutical companies are trying to reduce expenses and hence outsourcing non-core functions such as sterility testing
• The sterility testing segment, by test type is expected to witness the fastest CAGR of 11.3% across the forecast as these tests are recommended by regulatory authorities such as the USFDA
• Based on product type, the kits and reagents segment held the largest share of 59.7% in 2021, due to the high consumption of these products in sterility testing
• The biopharmaceuticals segment by the sample is expected to grow at the fastest rate of 11.2% CAGR across the forecast owing to the growing demand for biologics such as vaccines, and monoclonal antibodies in the country for treating chronic and infectious diseases
• Based on end-use, the pharmaceutical companies accounted for the largest share of 42.9% in 2021, owing to the growing number of drug recalls due to lack of sterility, thus supporting segment growth

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U.S. Pharmaceutical Sterility Testing Market Segmentation

Grand View Research, Inc. has segmented the U.S. pharmaceutical sterility testing market based on type, product, test type, sample, and end-use:

U.S. Pharmaceutical Sterility Testing Type Outlook (Revenue, USD Million, 2018 - 2030)

• In-house
• Outsourcing

U.S. Pharmaceutical Sterility Testing Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Kits and Reagents
• Instruments
• Service

U.S. Pharmaceutical Sterility Testing Test Type Outlook (Revenue, USD Million, 2018 - 2030)

• Sterility Testing
• Membrane Filtration
• Direct Inoculation
• Product Flush
• Bioburden Testing
• Bacterial Endotoxin Testing

U.S. Pharmaceutical Sterility Testing Sample Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceuticals
• Medical Devices
• Biopharmaceuticals

U.S. Pharmaceutical Sterility Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Compounding Pharmacies
• Medical Devices Companies
• Pharmaceutical Companies
• Others

List of Key Players in the Pharmaceutical Sterility Testing Market

• SGS SA
• Laboratory Corporation of America Holdings
• Boston Analytical
• Charles River Laboratories
• Pacific Biolabs
• STERIS
• Pace Analytical
• Nelson Laboratories, LLC
• Infinity Laboratories
• Thermo Fisher Scientific, Inc

About Grand View Research

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

U.S. Residential Solar PV Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 

U.S. Residential Solar PV Market Growth & Trends

The U.S. residential solar PV market size is expected to reach USD 44.77 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.3% from 2023 to 2030. Increasing demand for clean and renewable energy production coupled with stringent regulations regarding carbon emissions is expected to boost growth during the forecast period.

Governments across the world have started to adopt solar energy for power production due to it being clean and renewable. Many countries have set targets to reduce their carbon emissions and reduce reliance on conventional energy sources by promoting the use of solar energy for power production. The economies of scale achieved due to this increased demand have in turn decreased the cost of the components making solar energy system installation viable on a smaller scale.

The increasing energy need for emerging states in the U.S. such as California, Texas, and Arizona is expected to positively impact the residential solar PV industry. The decline in the price of solar energy system components has increased the viability of solar energy system installations in the residential sector. The new construction segment in the U.S. Residential Solar PV market is expected to grow significantly in the forecast period owing to the increasing adoption of government regulations to mandate the installation of solar PV into new construction homes.

States such as California and Texas are expected to boost the industry's growth over the forecast period owing to the high amount of investments for solar PV in the States and the increasing energy requirement boosting the demand for solar PV in the States. The price of the components in the solar PV systems market has been declining consistently for the last 10 years and this trend is expected to continue for the forecast period, in turn increasing the demand in the residential sector increasing the demand.

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U.S Residential Solar PV Market Report Highlights

• Various state governments have set targets to reduce carbon emissions and have implemented policies to promote the adoption of solar PV systems in the residential sector which is expected to boost the solar PV demand over the forecast period
• The retrofit segment accounted for about 74.12% of the market share in 2022. Solar PV is the most complex component in solar energy systems and received the highest investments for R&D
• California is projected to grow at a substantial CAGR throughout the forecast period. The rest of the U.S. is expected to account for the maximum share
• Solar power accounted for a 3.4% share of the total electricity generation mix in the U.S. in 2022

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U.S Residential Solar PV Market Segmentation

Grand View Research has segmented U.S. residential solar PV market based on construction and state:

U.S Residential Solar PV Construction Outlook (Capacity, MW, Revenue, USD Million, 2018 - 2030)

• Retrofit
• New Construction

U.S Residential Solar PV State Outlook (Capacity, MW, Revenue, USD Million, 2018 - 2030)

• California
• New York
• Arizona
• New Jersey
• Massachusetts
• Texas
• Rest of U.S.

List of Key Players of U.S. Residential Solar PV Market

• Tesla
• SunPower Corp.
• Sunrun
• Trinity Solar Inc.
• Sungevity
• Momentum Solar
• SPI Energy Co. Ltd.
• Ace Solar
• Sunlux
• Titan Solar Power

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.

Life Science Tools Market Insights Business Opportunities, Current Trends And Forecast 2030: Grand View Research Inc.

 Life Science Tools Market Growth & Trends

The global life science tools market size is expected to reach USD 330.69 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.8% from 2023 to 2030. This growth can be attributed to a rise in government funding for life science technologies, demand for cell and gene therapies, an increase in the adoption of biopharmaceuticals, and growing competition among prominent companies in the market.

The exponential rise of COVID-19 cases globally requires rapid diagnosis for containment of the spread of infectious disease, which boosted the demand for life science tools during the pandemic and had a positive impact on the market. Rapid diagnosis of the infection, effective treatments, and preventative plans are essential for the management of cases during the COVID-19 pandemic. The current race for the development of cost-effective point-of-contact test kits and efficient laboratory methodologies for confirmation of SARS-CoV-2 infection has driven a new frontier of diagnostic innovation. During this pandemic, the U.S. FDA granted Emergency Use Authorizations (EUAs) to several diagnostic tests to make them rapidly and easily available for use. For example, in May 2022, the U.S. FDA granted a EUA to ID NOW COVID-19 2.0, a rapid in-vitro diagnostic test by Abbott Diagnostics Scarborough, Inc. Moreover, a wide range of commercial COVID-19 tests is available in the marketplace, which will further add to revenue generation.

Additionally, the life science tools industry is expanding based on the increasing investments by the government for the advancement of research and technologies. Organizations such as The National Human Genome Research Institute (NHGRI) and the National Institutes of Health (NIH) are actively funding various life science projects. For instance, the NIH funded USD 25 million for the ‘4D Nucleome Program’, which aims to understand gene regulation and cellular expression via the nuclear organization. Moreover, the U.S. government has funded several life sciences companies for R&D purposes. For instance, the Biomedical Advanced Research and Development Authority (BARDA) has planned to make awards worth USD 750,000 to facilitate the development of innovative technologies in the healthcare sector. Thus, the increase in government funding for life science research as well as technologies is expected to drive the market in the coming years.

Key players are also contributing to the growth of the market by providing advanced tools and techniques. Furthermore, companies are introducing new automated solutions in the market, which, in turn, provide lucrative opportunities for market growth. For instance, in February 2022, Covaris, LLC. announced the launch of truXTRAC FFPE Total NA Auto 96 Kit, a fully automated workflow comprising all necessary accessories, consumables, and reagents. This automated kit is powered by Adaptive Focused Acoustics (AFA) technology that allows both purification and extraction of RNA & DNA for FFPE (formalin fixed paraffin embedded) samples in 5 hours. The introduction of innovative solutions is expected to drive the market in the near future.

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Life Science Tools Market Report Highlights

• By technology, cell biology technology accounted for the largest share in 2022. The introduction of novel technologies for the usage and adoption of stem cells, CAR T-cells, TCR T-cells, NK T-cells, and other cell therapies is expected to boost revenue generation in this segment
• By product, the cell culture systems and 3D cell culture segment held the largest share in 2022. Cell biology is gaining popularity across multiple aspects in the life science industry, which is contributing significantly to the revenue generated by this segment
• By end-use, the healthcare segment generated the highest revenue in 2022. The rise in adoption of proteomic and genomic workflows in clinics, hospitals, and diagnostic laboratories for the treatment and diagnosis of several clinically presented abnormalities is anticipated to drive the market
• North America accounted for the largest revenue share in 2022. The rapid adoption of genomics, proteomics, oncology, and diagnostic screening in the region has contributed to regional growth. In addition, a number of major market players are continuously engaged in the development of advanced tools for life science research in this region
• Asia Pacific is expected to grow at the highest rate over the projected period. Investments by global companies in this region to utilize the untapped avenue and lucrative opportunities will drive the regional market

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Life Science Tools Market Segmentation

Grand View Research has segmented the global life science tools market on the basis of technology, product, end-use, and region:

Life Science Tools Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Genomic Technology
• Proteomics Technology
• Cell Biology Technology
• Other Analytical & Sample Preparation Technology
• Lab Supplies & Technologies

Life Science Tools Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Cell Culture Systems & 3D Cell Culture
  • Instruments
  • Consumables
  • Cell & Tissue Culture Services
• Liquid Chromatography
  • Instruments
  • Consumables
  • Services
• Mass Spectrometry
  • Instruments
  • Consumables
  • Services
• Flow Cytometry
  • Instruments
  • Consumables
  • Services
• Cloning & Genome Engineering
  • Kits, Reagents, and Consumables
  • Services
• Microscopy & Electron Microscopy
  • Instruments
  • Consumables
  • Services
• Next Generation Sequencing
  • Instruments
  • Consumables
  • Services
• PCR & qPCR
  • Instruments
  • Consumables
  • Services
• Nucleic Acid Preparation
  • Instruments
  • Consumables
  • Services
• Nucleic Acid Microarray
  • Instruments
  • Consumables
  • Services
• Sanger Sequencing
  • Instruments
  • Consumables
  • Services
• Transfection Devices & Gene Delivery Technologies
  • Equipment
  • Reagents
• NMR
  • Instruments
  • Consumables
  • Services
• Other Separation Technologies
  • Instruments
  • Consumables
  • Services
• Other Products & Services
  • Antibodies
  • General Supplies
  • Others
    • Instruments
    • Consumables
    • Services

Life Science Tools End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Government & Academic
• Biopharmaceutical Company
• Healthcare
• Industrial Applications
• Others

Life Science Tools Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
  • Switzerland
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Life Science Tools Market

• Agilent Technologies, Inc.
• Becton, Dickinson and Company
• Hoffmann-La Roche Ltd.
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• Illumina, Inc.
• Thermo Fisher Scientific, Inc.
• QIAGEN N.V.
• Merck KGaA
• Shimadzu Corporation
• Hitachi, Ltd.
• Bruker Corporation
• Oxford Instruments plc
• Zeiss International

About Grand View Research

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

Smart Inhalers Market To Benefit from Increased Global Uptake of 2022 By 2030

 Smart Inhalers Market Growth & Trends

The global smart inhalers market size is expected to reach USD 53.3 billion by 2030, based on a new report by Grand View Research, Inc., expanding at a CAGR of 19.3% from 2022 to 2030. The rising prevalence of chronic respiratory diseases (CRDs) such as asthma, chronic obstructive pulmonary disease (COPD), cystic fibrosis, and lung disorders is contributing to the growth of the market. According to the European Respiratory Society Congress, COPD is expected to affect over 480 million people in 2022 across the globe.

COVID-19 has increased the demand for smart inhalers due to the rising penetration of cutting-edge digital devices and solutions for respiratory and pulmonary care. Furthermore, in the post-pandemic era, it is expected that the adoption of smart inhalers will increase as healthcare providers are focusing on connected medical devices to ensure that patients receive better and more enhanced care, regardless of the circumstance.

Furthermore, a growing number of businesses are incorporating digital technologies into their products to improve the efficiency of medication and the management of asthma and COPD. In addition, in April 2022, Aptar Pharma, a key market player, introduced HeroTracker Sense, a novel digital chronic respiratory e-health solution that converts a traditional metered dose inhaler into a smart inhaler. Furthermore, a study of the Adherium Smart inhaler also revealed that smart inhaler users experienced several beneficial medical outcomes, including fewer hospitalizations, improved medication adherence, and a decreased need for doctor visits.

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Smart Inhalers Market Report Highlights

• Based on type, the metered dose inhalers (MDIs) segment held the largest share of over 60.0% in 2021. MDIs are the most preferred inhalers used to treat CRDs. The dry powdered inhalers (DPIs) segment is expected to register the fastest growth rate of 18.6% over the forecast period owing to the convenience of its mechanism, which makes it easier to use for medicine delivery
• Based on indication, the COPD segment held the largest share of over 50.0% in 2021 due to the high prevalence of COPD as it affects 200 million people globally. The asthma segment is anticipated to grow at the fastest rate of 18.3% over the forecast period owing to the rising number of hospitalizations for asthma, particularly in young children
• Based on distribution channel, the hospital pharmacies segment held the largest share of over 40.0% in 2021. The elderly population frequently receives hospital care for CRDs, and they consider purchasing medication from hospital pharmacies. The retail pharmacies segment is anticipated to grow at a rate of 19.2% over the forecast period due to the quick expansion and modernization of the existing pharmacies to increase market penetration
• Based on end-use, the hospitals segment accounted for the largest share of over 50.0% in 2021 as hospitals are a crucial distribution channel between pharmaceutical companies and patients. The home care settings segment is anticipated to grow at the fastest rate of 20.2% over the forecast period due to the growing preference among older patients, rising costs of healthcare, and the convenience offered by the treatments at home
• In 2021, North America dominated the market with a share of over 45.0% owing to the rising prevalence of CRDs in the region. In the U.S., more than 25 million people suffer from asthma. Asia Pacific is expected to expand at the fastest rate of 21.2% during the forecast period owing to rising incidence rates of COPD and asthma in developing nations such as China and India

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Smart Inhalers Market Segmentation

Grand View Research has segmented the global smart inhalers market based on type, indication, distribution channel, end-use, and region:

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

• Dry Powdered Inhalers (DPIs)
• Metered Dose Inhalers (MDIs)

Smart Inhalers Indication Outlook (Revenue, USD Million, 2017 - 2030)

• Asthma
• Chronic Obstructive Pulmonary Disease (COPD)
• Others

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

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

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

• Hospitals
• Homecare Settings
• Others

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

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

List of Key Players in Smart Inhalers Market

• H&T Presspart Manufacturing Ltd.
• Personal Air Quality Systems Private Limited
• COHERO Health Inc.
• Cognita Labs
• Adherium Limited
• Amiko Digital Health Limited
• Teva Pharmaceuticals Industries Ltd.
• Propeller Health
• Novartis AG
• Pneuma Respiratory Inc.
• 3M Health Care Limited
• AireHealth, Inc.
• FindAir Sp. z o.o

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 eSIM Market During 2022– 2030 to Gain Robust Traction: Grand View Research Inc.

 eSIM Market Growth & Trends

The global eSIM market is expected to reach USD 15,464.0 million by 2030 at a CAGR of 8.5% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. Technological developments in consumer electronic devices such as smartphones, laptops, tablets, wearables fueling the eSIM market growth. Furthermore, due to the small size of the chipset, eSIMs are likely to be widely used in smartphones. For example, in 2018, Apple, Inc. released an iPhone featuring dual SIM capabilities, including a Nano-SIM and an eSIM. Furthermore, Apple, Inc. has included eSIM in their tablet and watch series.

SIM cards with eSIMs are considerably smaller than those with physical SIMs. Chipsets are therefore smaller when integrated into devices. Device manufacturers benefit from eSIM technology since they can save space by eliminating the physical SIM card tray and SIM card slot. Thus, factors such as compact design specification and multiple carrier support of the eSIM are propelling the market growth.

The 5G technology is intended to deliver faster internet speeds and more network capacity. 5G is expected to provide download speeds of 1 gigabit per second while lowering latency to less than a millisecond. This is expected to have a beneficial impact on the eSIM market, expanding its acceptance across a range of cellular-enabled devices. As a result, network service providers and OEMs are overhauling their infrastructure in order to efficiently manage the connectivity and speed provided by 5G. eSIM technology, which can be easily integrated into smaller devices like fitness bands, wearables, and smartwatches, is the future of 5G.

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eSIM Market Report Highlights

• Due to connectivity subscriptions from M2M devices, the connectivity services segment held the greatest market share in 2021
• The hardware segment is expected to attain a substantial CAGR throughout the forecasted period due to smartphone manufacturers' use of eSIM technology
• Due to technological improvements and IoT connectivity among devices, the consumer electronics segment is expected to expand at a considerable CAGR of more than 9.6% throughout the forecast period
• Europe is predicted to expand at a CAGR of 8.8% during the forecast period, owing to the presence of prominent market participants such as Giesecke+Devrient Mobile Security GmbH, Gemalto NV, and ARM Holdings

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eSIM Market Segmentation

Grand View Research has segmented the global eSIM market based on solution, application, and region:

eSIM Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Connectivity Services

eSIM Application Outlook (Revenue, USD Million, 2018 - 2030)

• Consumer Electronics
• M2M

eSIM Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in eSIM Market

• Infineon Technologies AG
• NXP Semiconductors N.V.
• STMicroelectronics
• Deutsche Telekom AG
• Giesecke+Devrient Mobile Security GmbH
• Gemalto NV
• ARM Holdings
• KORE Wireless Group 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.

Dye Sublimated Apparel Market Poised to Garner Maximum Revenues During 2022– 2030: Grand View Research Inc.

 Dye Sublimated Apparel Market Growth & Trends

The global dye sublimated apparel market size is expected to reach USD 10.67 billion by 2030, registering a CAGR of 12.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing popularity of customized designers’ apparel with digital printing, slogans, ambition quotations, and photo works on clothes is among the major factor driving the growth of the industry. Furthermore, where apparel was previously worn for better comfort and product quality, clothes are now also considered a fashion accessory, where consumers have been looking for apparel to get unlimited design possibilities with full-color coverage with custom clothes, thereby driving the product demand.

Over the past few years, numerous companies have been offering products with advanced fabric technologies and enhanced features. These apparels are lightweight, versatile, and suitable for various work environments. For instance, Six Six Apparel, a U.S.-based company, provides a wide range of customized logo and design apparel with a permanent graphic imprint that does not crack or fade easily. In recent years, the dye sublimation printing technique has been increasingly adopted by many companies due to its high-quality photographic results. This technique utilizes thermal transfer to shift different amounts of colored dye pigments from a carrier film to the PVC printing surface, to which the dyes bond chemically.

Reduction in frictional resistance technology and improvements in the overcoat materials result in a reduction in the occurrence of wrinkles in clothes and ensure the breathability of clothes. Dye sublimated t-shirt segment accounted for the largest revenue share in 2021. With the increased popularity of sports in countries, such as China, India, and Germany, due to investments by governments in sports-related activities, the product demand is anticipated to increase in the years to come. Furthermore, sports teams and clubs of almost all sports have started to design and wear custom-designed t-shirts and jerseys with their unique logos and designs.

Various sporting clubs are following this trend to increase the visibility of their teams and to provide a unique appearance to their team players and fans. Major companies in the industry are trying to increase their presence in by expanding their production facilities in various regions. For instance, in May 2019, Gildan, a Canada-based company involved in the manufacturing of customized apparel via printing technologies, such as screen printing and sublimation, announced its plan to invest USD 45 million to purchase land in Bangladesh and establish two large textile facilities along with related sewing operations.

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Dye Sublimated Apparel Market Report Highlights

• The global industry is growing on account of increasing spending on customized clothes with print photographs and gradient tones
• In 2021, North America was the largest region. The awareness about sustainable products is growing significantly in this rising, due to which dye-sublimated apparel designers and manufacturers are putting efforts in including sustainably-sourced apparel in their portfolios
• The t-shirts segment accounted for the largest share of the overall revenue in 2021. The segment growth is attributed to the high demand for custom t-shirts in the sports industry across the globe
• Small format heat press emerged as the largest segment in 2021 and is projected to expand further at the fastest CAGR over the forecast period
• Small-format heat press machines are ideal for hobbyists and small businesses. These are portable heat presses that transfer designs and patterns to small materials

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Dye Sublimated Apparel Market Segmentation

Grand View Research has segmented the global dye sublimated apparel market on the basis of product, printing technique, distribution channel, and region:

Dye Sublimated Apparel Product Outlook (Revenue, USD Million, 2017 - 2030)

• Bottomwear
• Hoodies
• T-Shirts
• Others

Dye Sublimated Apparel Printing Technique Outlook (Revenue, USD Million, 2017 - 2030)

• Small Format Heat Press
• Calendar Heat Press
• Flatbed Heat Press
• 3D Vacuum Heat Press

Dye Sublimated Apparel Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Offline

Dye Sublimated Apparel Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of the Dye Sublimated Apparel Market

• Dad’s Printing
• Inkwell Printing
• Royal Apparel
• TEXmarket
• ASPECT
• FUSH
• Printful, Inc.
• ALE CLOTHING
• Emirates Apparel
• Berunwear

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.

Filtration & Drying Equipment Market Growth in the Coming Years

 Filtration & Drying Equipment Market Growth & Trends

The global filtration & drying equipment market size is anticipated to reach USD 2.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2022 to 2030. Growing demand from various end-user industries such as food and beverage, chemicals, and water and wastewater treatment are expected to propel the demand over the forecast period.

With the increasing pharmaceutical spending on R&D, adoption of various business strategies, and advanced technology, and the advantages offered by the filtration and drying equipment, such as high standards with varying temperature ranges and types, that are being increasingly adopted in the pharmaceutical industry, boosting market growth over the forecast period.

Rising investment in the food and beverage industry along with the surge in government schemes initiatives has increased the demand for filtration and drying equipment with maximum demand by the urban population. Other factors attributing to the growth of the market are improved system efficiency and reduced downtime, and growing use against hazardous and corrosive environments.

Initiatives such as easing import restrictions, signing international bilateral agreements, and loosening restrictions on foreign investments are expected to contribute to the growth of various sectors such as pharmaceutical, chemical, and food and beverage. This is ultimately leading to increased demand for filtration and drying equipment that is used in the above-mentioned sectors.

The demand for filtration and drying equipment is driven by the rising demand for sophisticated medications for the treatment of chronic illnesses such as arthritis, cancer, and diabetes. To secure the containment of potentially dangerous compounds and avoid product contamination, bioprocess industries require exceptionally high-quality filtration and drying equipment.

Companies such as GMM Pfaudler, HLE Glascoat and HEINKEL Process Technology GmbH. are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in May 2022, HLE Glascoat launched commercial production at the Silvassa unit to further enhance filtration & drying equipment capacity.

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Filtration & Drying Equipment Market

• The agitated nutsche filter-dryer segment led the market and accounted for 50.4% of the global revenue share in 2021. It is used in applications such as pharmaceuticals, dyes, textiles, and chemicals and is a combination of filter & dryer units in a single piece of equipment
• The demand for filtration and drying equipment in the pharmaceuticals segment accounted for 31.4% of the global market in 2021 as it is widely used in the pharmaceuticals industry for the bulk production of drugs and biological products
• The product demand in the food and beverage segment accounted for 10.8% of the global market share in 2021 as they reduce the contamination of final products by eliminating impurities of food & beverages manufactured
• Asia Pacific is estimated to witness a CAGR of 9.5% over the forecast period owing to the rising demand for filtration and drying equipment in various end-use sectors such as pharmaceutical, chemical, food and beverage, and water and wastewater treatment
• The market is competitive in nature due to the presence of multinationals operating in the industry. It is characterized by the presence of a significant consumer base with the companies operating their business through dedicated distribution networks. 

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Filtration & Drying Equipment Market Segmentation 

Grand View Research has segmented the global filtration & drying equipment market based on technology, end-use, and region:

Filtration & Drying Equipment Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Centrifuges
• Agitated Nutsche Filter-Dyers (ANFD)
• Others

Filtration & Drying Equipment End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Pharmaceutical
• Chemicals
• Water & Wastewater Treatment
• Food & Beverage
• Others

Filtration & Drying Equipment Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Filtration & Drying Equipment Market

• GMM Pfaudler
• Tsukishima Kikai Co., Ltd.
• HEINKEL Process Technology GmbH
• Jaygo Incorporated
• Amar Equipment Pvt. Ltd.
• Shree Bhagwati Machtech (India) Pvt. Ltd.
• Powder Systems Limited
• HLE Glascoat

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.

North America Biodegradable Plastic Market to Register Stable Expansion During 2022– 2030: Grand View Research Inc.

 North America Biodegradable Plastic Market Growth & Trends

The North America biodegradable plastic market size is expected to reach USD 2,333.1 million by 2030, registering a CAGR of 9.6% during the forecast period, according to a new report by Grand View Research, Inc. With rising concerns about the use of plastics, an increase in demand for alternatives used for plastics has been observed in the market. With the pace of innovation and new product development, manufacturers in the market are shifting their focus toward the development of biodegradable plastics. Companies are continuously developing product lines using biodegradable and recycled materials to address the concerns regarding the toxic effects of plastic waste. A large number of small and medium-scale businesses have committed to using recycled or sustainably sourced materials by a specific time frame.

This shift has further gained pace since the outbreak of the coronavirus as it has severely affected consumer buying behavior and their preference when choosing products and services. Consumers are now more conscious of the environmental impact, recyclability, and decomposition time in landfills of the products. This is likely to compel customers to buy products made from biodegradable plastics over those made from conventional plastics.

Even though biodegradable plastics are gaining popularity all over the world, their high cost as compared to conventional plastics is the major factor restraining the market growth. Currently, low prices of conventional plastics are making biodegradable plastics difficult to achieve competitive pricing. Apart from the cost, the lack of infrastructures such as waste collection and composting is an uphill challenge. The average price of biodegradable plastics ranges between USD 3.35 and USD 4.69 per kg, which is slightly costlier than that of other conventional polymers.

Although biodegradable plastics have several advantages over conventional plastics, they cannot be used to completely replace petroleum-based plastics owing to the low durability of biodegradable plastics. The cost of machinery and molds needed for the production of biodegradable plastics products is high. The manufacturing of biodegradable plastics products requires advanced technology with highly skilled labor to handle the same. The high initial investment is projected to challenge the market growth during the forecast period.

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North America Biodegradable Plastic Market Report Highlights

• In terms of revenue, the polybutylene adipate Terephthalate (PBAT) type accounted for a prominent share of the market in 2021 and is further expected to witness prominent growth during  the forecast period owing to its excellent toughness and high flexibility compared to its counterparts are paving way for its use in industries such as packaging, medical, and agriculture
• Consumer goods application is one of the key segments of the biodegradable plastics market in North America. The key consumer goods considered under this segment are electronic devices, household appliances, and others. Several products such as vacuum cleaners, loudspeakers, touchscreen computer casings, and mobile casings are also developed from the biodegradable plastics
• As of 2021, theU.S. accounted for more than 80.0% of the market share in terms of revenue. The U.S. biodegradable plastics market has been witnessing a significant rise in demand owing to the increasing usage of biodegradable plastics for medical applications. Biodegradable plastics such as PLA are being increasingly used for manufacturing personal protection equipment such as masks, face shields, and other medical equipment
• The North America biodegradable plastics market is fragmented with the presence of various major players along with some small and medium-sized regional players. The North American players face intense competition from each other as well as from regional players having a well-established supply chain network and are aware of the regulations and suppliers across markets
• Companies in the market compete based on the quality of products offered and the technology used for the production of biodegradable plastics. Major players are involved in mergers & acquisitions, expansion of their manufacturing facilities, infrastructural development, investment in the research & development facilities, and seeking opportunities to vertically integrate their operations across the value chain.

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North America Biodegradable Plastic Market Segmentation

Grand View Research has segmented the North America biodegradable plastic market based on the product, application, and country:

North America Biodegradable Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Starch-based
• Polylactic Acid (PLA)
• Polybutylene Succinate (PBS)
• Polybutylene Adipate Terephthalate (PBAT)
• Polyhydroxyalkanoates (PHA)
• Polycaprolactone

North America Biodegradable Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Packaging
• Agriculture
• Consumer Goods
• Textile
• Others

North America Biodegradable Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• North America
  • US.
  • Canada

List of Key Players of North America Biodegradable Plastic Market

• BASF SE
• Eastman Chemical Company
• Cargill, Incorporated
• SABIC
• Dow, Inc.
• Danimer Scientific
• Yield10 Bioscience, Inc.
• Nature Works LLC
• ENSO Plastics
• Green Dot Bioplastics, 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.

Headset Market is Likely To Touch USD 558,892.0 Million by 2030: Grand View Research Inc.

 Headset Market Growth & Trends

The global headset market is expected to reach USD 558,892.0 million by 2030, registering a CAGR of 31.9% during the forecast period, according to a study conducted by Grand View Research, Inc. The headset market is driven by advanced products including smartphones, smart television, and more. It is continuously evolving in nature. The increasing consumer demand for higher fidelity and style is anticipated to favorably impact the market growth. Furthermore, fitness and sports enthusiasts are becoming more interested in wearable technology thanks to the introduction of innovative sports and fitness wearable equipment. A number of OEMs are offering groundbreaking features in headsets, such as fitness tracking and monitoring.

The COVID-19 outbreak in 2021, led to remote and hybrid work culture which spurred demand for headsets. With new usage scenarios deployed in several industries, including education, healthcare, and government, the pandemic has strengthened the paradigm shift toward "work from anywhere" or hybrid/flexible working, creating long-term opportunities for the headset market. Demand for the headset has risen amidst the pandemic, but the overall market remains negatively impacted due to the disruptions in the supply chain.

Increasing headset adoption during the workout is expected to drive global market growth during the forecasted period. Besides, manufacturers target fitness-conscious customers by offering innovative features such as fitness monitoring & tracking in headsets. For example, the BioSport Audio in-ear headphones powered by Intel provide health monitoring functions that require no special chargers or batteries. BioSport relies on built-in sensors and unique software to operate as a pedometer, heart monitor, and other biometrics. Besides, the headset software is designed in a way through which a user can plan, monitor, and execute fitness activities via a mobile application.

A majority of customers seek fashionable and trendy-looking products. Future, headset success will not only depend on the technology but also on the appearance and design that suit the customer's values and promotes his/her individuality. A trendy product can penetrate all three existing segments, including low-range, mid-range, and high-range products. As a result of the need for fashionable designs, wireless headsets have become increasingly popular.

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Headset Market Report Highlights

• Growing demand for better communications in the commercial application segment, particularly in corporations and call centers, is likely to considerably contribute to industry growth. The commercial headset market is expected to expand at a CAGR of 22.3% from 2022 to 2030
• In 2021, wired technology accounted for a 52.2% share of the total market. However, a growing preference for wireless devices due to their ease of use is expected to fuel growth in the wireless technology segment
• The in-ear headset market is expected to gain traction during the forecast period. Miniaturization, portability, and better comfort are the key advantages offered by in-ear headsets. The segment is likely to reach USD 552,571.2million by 2030, growing at a CAGR of 32.8% from 2022 to 2030
• Due to recent technological advancements, on-ear headphones have become more popular and improved in quality. Also, more vendors are adding on-ear headphones to their portfolios within the U.S. earphones and headphones market
• United States, Canada, and Mexico maintained the largest market share for headsets worldwide. Among the most important growth factors in the market are high-income citizens, new technology, and ongoing technological innovation. Revenue-wise, North America dominates the world market and is predicted to maintain this dominance throughout the forecasted period 

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Headset Market Segmentation

Grand View Research has segmented the global headset market based on the type, price band, connectivity, application, and region:

Headset Type Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• In-ear
• Over-ear

Headset Price Band Type Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Below USD 50
• USD 51-150
• USD 151-350
• Over USD 351

Headset Connectivity Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Wired
• Wireless

Headset Application Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Personal
• Commercial

Headset Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

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

Some of the prominent players in global Headset Market include

• Alclair Audio, Inc.
• Bose Corporation,
• JVC Kenwood Corporation
• Apple, Inc
• Harman International Industries
• Incorporated
• Grado Labs
• Shure Incorporated
• Koninklijke Philips N.V. (Philips)
• Logitech, Inc., (Logitech International SA.)
• Panasonic Corporation
• Plantronics, Inc.
• Sennheiser electronic GmbH & Co. KG (Sennheiser).
• Sony Corporation
• Shenzhen Cannice Technology Co., Ltd.
• Skull candy, Inc.
• Ultimate Ears, and LLC (Logitech)
• Zebronics India 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.