Neuro-navigation Systems Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 Neuro-navigation Systems Market Growth & Trends 

The global neuro-navigation systems market size is anticipated to reach USD 4.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.77% from 2022 to 2030. The rise in the number of people suffering from a brain tumors and cancer is expected to propel the demand for neuro-navigation systems. According to American Brain Tumor Association, more than 84,000 people were diagnosed with a primary brain tumor in 2021andapproximately 18,000 people died as a result of a primary malignant brain tumor. Nearly one-third (29.7%) of the brain and Central Nervous System (CNS) tumors are malignant.

The outbreak of the COVID-19 pandemic in the year 2020 have a negative impact on the neuro-navigation systems market as the majority of elective brain procedures were postponed to free-up limited space in healthcare settings to treat COVID-19 patients. However, patients suffering from COVID-19 have subsequently shown certain neurologic symptoms that are expected to create a favorable environment for market growth in the near future. For instance, as per the study in Lancet, 1 in 3 Covid patients who recovered have neurological and mental health disorders. Such instances will surge the demand for neurovascular devices.

Furthermore, an increasing number of approvals and new product launches are expected to further drive the market growth over the forecast period. Advancements in technology such as improved accuracy due to improved software and registration processes, as well as the less complicated framework are expected to propel the growth of the neuro-navigation systems market. For instance, in May 2019, MagStim, launched StimGuide TMS navigation system. The device is designed to provide precise and consistent coil positioning during treatments for major depressive disorder.

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Neuro-navigation System Market Report Highlights

• Based on technology, the optical segment dominated the neuro-navigation systems market with a revenue share of 57.2% in 2021. Optical-based systems provide better results as compared to electromagnetic navigation systems. They are considered the industry standard for neurosurgeries and are capable of tracking a large number of tools simultaneously
• Based on application, the neurosurgery segment held the largest revenue share of 30.4% in 2021, owing to the upsurge in the number of individuals suffering from brain tumors and cancer leading to brain metastasis
• The hospital segment dominated the end-use segment with a share of 51.9% in 2021. The use of technologically advanced equipment in hospitals, and an increasing number of government funding to the hospitals are boosting segment growth
• North America dominated the neuro-navigation systems market with the highest revenue share of 45.41% in 2021 owing to the presence of key participants, and the high purchasing power of consumers 

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Neuro-navigation Systems Market Segmentation 

Grand View Research has segmented the global neuro-navigation systems market report on the basis of technology, application, end-use, and region: 

Neuro-navigation Systems Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Optical System
• Electromagnetic System

Neuro-navigation Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Neurosurgery
• Craniomaxillofacial Surgery
• Spinal Surgery
• Others

Neuro-navigation Systems End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Neurology Clinic
• Ambulatory Surgical Centers (ASCs)
• Research Centers

Neuro-navigation Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Neuro-navigation Systems Market

• Medtronic
• Stryker
• 7D Surgical
• Synaptive Medical
• Soterix Medical Inc.
• Nexstim Plc
• ClaroNav
• Zimmer Biomet Holding Inc.
• Brainlab
• Northern Digital 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.

Saudi Arabia And Egypt Healthcare 3D Printing Market Set to Witness an Uptick during 2023 to 2030: Grand View Research Inc.

 Saudi Arabia And Egypt Healthcare 3D Printing Market Growth & Trends

The Saudi Arabia and Egypt healthcare 3D printing market size is expected to reach USD 30.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.6% from 2023 to 2030. An increase in the number of surgeries and implantation and growing demand for 3D printing are anticipated to aid in the growth of the market.

The high burden of diseases in KSA and Egypt is leading to the growing need for surgeries, which is a key factor driving the market. For instance, the research published by NCBI in June 2021 states that the rate of total knee replacement surgeries has increased in Saudi Arabia, and the success rate of these surgeries is more than 90%. The growing number of orthopedic replacement surgeries in the country is expected to create opportunities for market growth.

The pandemic resulted in significant losses across markets in terms of sales, revenue, and operations, driving countries into financial crises. The government and health authorities ordered all laboratories, clinics, manufacturers, and suppliers to immediately stop operations, with the exception of emergencies, resulting in office closures and unprecedented revenue decline across sectors.

3D printing technology has been utilized to address critical shortages of crucial elements, ranging from Personal Protective Equipment (PPE) to crucial ventilator component shortages due to supply chain disruptions. The high flexibility of 3D printing makes it potentially one of the most important technologies to aid healthcare after COVID-19.

Saudi Arabia accounted for the largest revenue share of over 70.0% in 2022. This is because the country is one of the fastest-growing tech hubs globally and is investing heavily in 3D printing across its scientific and medical faculties to promote innovation in the area of medicine.

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Saudi Arabia And Egypt Healthcare 3D Printing Market Report Highlights

• The implants segment dominated the market in 2022 with a share of over 60.0%. 3D printed implants offer several benefits such as cost-effectiveness, the ability to incorporate scaffold, and support customization of implants as per patient needs
• The droplet deposition segment is anticipated to register the fastest growth rate of 16.1% over the forecast period
• The polymers segment accounted for the largest revenue share of over 50.0% in 2022. Polymer 3D printing is being utilized to create personalized medical items on demand, including affordable prosthetics and dental tools such as bridges and aligners
• The medical and surgical centers segment is expected to register the fastest growth rate of 15.8% over the forecast period
• Egypt is anticipated to register the fastest growth rate of 16.8% during the forecast period

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Saudi Arabia And Egypt Healthcare 3D Printing Market Segmentation

Grand View Research has segmented the Saudi Arabia and Egypt healthcare 3D printing market on the basis of application, technology, material, and end-use:

Saudi Arabia And Egypt Healthcare 3D Printing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Surgical Guide
  • Orthopedic Surgical Guides
  • Cranio-maxillofacial Surgical Guides
  • Dental Surgical Guides
• Surgical Instrument
• Implants
  • Orthopedic Implants
  • Cranio-maxillofacial Implants
  • Dental Implants
• Bioengineering

Saudi Arabia And Egypt Healthcare 3D Printing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Electron Beam Melting
• Laser Beam Melting
• Photopolymerization
  • Stereolithography
  • Digital Light Processing (DLP)
  • Two-Photon Polymerization (TPP)
• Droplet Deposition
  • Inkjet Printing (IJP)
  • Fused Deposition Modeling (FDM)
• Multiphase Jet Solidification (MJS)

Saudi Arabia And Egypt Healthcare 3D Printing Material Outlook (Revenue, USD Million, 2018 - 2030)

• Metals
• Polymers
• Biological Cells
• Ceramics

Saudi Arabia And Egypt Healthcare 3D Printing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Medical & Surgical Centers
• Pharma & Biotech Companies
• Academic Institutions

List of Key Players of Saudi Arabia And Egypt Healthcare 3D Printing Market

• Covestro AG
• Stratasys Ltd.
• 3D Systems, Inc.
• General Electric
• Organovo Holdings Inc.
• 3DVinci Creations
• AddUp
• SLM Solutions
• Envisiontec US LLC
• Cellink

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.

Telehealth Market to Account for USD 455.26 Billion by 2030: Grand View Research Inc.

 Telehealth Market Growth & Trends

The global telehealth market size is expected to reach USD 455.26 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 24.0% over the forecast period. The rising penetration of the internet and the evolution & development of smartphones are factors that contribute to the growth of the industry. Advancements in digital infrastructure allow users to monitor their health and fitness, avail of medical assistance, and book appointments. For instance, several applications and platforms, such as Doctor on Demand, Lemonaid, and MDLive, allow their users to book appointments, monitor personal health, track consultations, and store healthcare information.

Moreover, the COVID-19 pandemic accelerated the adoption of telemedicine and teleconsultation. The pandemic exposed the shortcomings in the healthcare systems while also burdening the healthcare resources and facilities, which accelerated the adoption of the solutions. The government-imposed travel restrictions and lockdowns to curb the spread of the virus, which led to patients and healthcare institutions shifting toward teleconsultations and telemedicine. In addition, insurance companies and healthcare payers are collaborating with key industry players to provide free consultation services to patients. For instance, AIG and Cigna announced a partnership with Doctor Anywhere in Singapore.

Under this partnership, the companies will provide free consultation services to patients across Thailand, Singapore, and Vietnam. Moreover, the rising number of public-private partnerships, advancements in digital infrastructure, rise in government initiatives, and growing advancements in digital health technologies are anticipated to boost the demand for virtual care applications and services. Several key players, such as GlobalMed, Siemens Healthineers, and Doctor Anywhere, reported a significant rise in revenues and active users during the pandemic. The services segment held the largest share of the global revenue in 2022 due to the rising preference for telemedicine and teleconsultation to reduce healthcare costs and physical visits to hospitals.

Moreover, the development of digital infrastructure is expected to boost the growth of the services segment. The web-based delivery mode segment dominated the global industry in 2022 on account of the higher adoption of web-based solutions by patients and healthcare institutions. The healthcare providers end-use segment accounted for the highest share of the overall revenue in 2022. The high share of this segment can be attributed to the increased adoption of teleconsultation and telemedicine platforms by providers to reduce the burden on healthcare resources and facilities.

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Telehealth Market Report Highlights

• In 2022, the services segment held the largest revenue share due to the advancements in digital healthcare infrastructure along with the increased adoption of telehealth services to manage chronic conditions & monitor health
• In 2022, the web-based delivery mode segment held the largest revenue share due to the high adoption of web-based solutions by healthcare professionals and patients
• In 2022, the providers segment held the maximum revenue share due to increased convenience offered by the telehealth services and improved workflow management
• In 2022, the radiology segment led the industry. However, the psychiatry segment is anticipated to grow at the fastest CAGR over the forecast period owing to increased cases of anxiety, stress, and mental illnesses
• In 2022, North America was the leading region due to the availability of favorable government initiatives and digital infrastructure to provide digital solutions to patients

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Telehealth Market Segmentation

Grand View Research, Inc. has segmented the global telehealth market on the basis of product type, delivery mode, end-use, disease area, and region:

Telehealth Product Type Outlook (Revenue, USD Million, 2016 - 2030)

• Hardware
  • Monitors
  • Medical Peripheral Devices
    • Blood Pressure Meters
    • Blood Glucose Meters
    • Weighing Scales
    • Pulse Oximeters
    • Peak Flow Meters
    • ECG Monitors
    • Others
  • Software
    • Standalone Software
    • Integrated Software
  • Services
    • Remote Patient Monitoring
    • Real-Time Interactions
    • Store and Forward
    • Others

Telehealth Delivery Mode Outlook (Revenue, USD Million, 2016 - 2030)

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

Telehealth End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Payers
• Providers
• Patients

Telehealth Disease Area Outlook (Revenue, USD Million, 2016 - 2030)

• Psychiatry
• Substance Use
• Radiology
• Endocrinology
• Dermatology
• Gastroenterology
• Neurological Medicine
• ENT
• Cardiology
• Oncology
• Dental
• Gynecology
• General Medicine
• Others

Telehealth Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players of Telehealth Market

• Koninklijke Philips N.V
• Siemens Healthineers
• Cerner Corp. (Oracle)
• GE Healthcare
• Medtronic PLC
• Teladoc Health Inc.
• American Well
• Doctor on Demand
• GlobalMed
• MDLive

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.

STEM Education In K-12 Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 STEM Education In K-12 Market Growth & Trends

The global STEM education in K-12 market size is expected to reach USD 131.98 billion by 2030, according to a new report by Grand View Research, Inc. The industry is anticipated to grow at a lucrative CAGR of 14.6% from 2022 to 2030. A renewed emphasis on STEM-focused schools and the need for a pipeline of specialist STEM skills have reinforced market growth. The increased attention to STEM education will likely foster critical thinking, spatial reasoning, creativity, and problem-solving. Further, the prevalence of high-definition videos, interactive games, and skills training for kids will augur growth. The demand for high-quality learning experiences and investments in STEM literacy to prepare students for jobs and post-secondary STEM degrees will reshape the industry dynamics. For instance, in February 2022, Tata Consultancy Services Limited, a provider of IT services, expanded its presence in New Jersey and invested in the future workforce by boosting STEM education initiatives.

The pervasive COVID-19 outbreak prompted school building closures and compelled educators, teachers, instructors, and students to transition to online learning. Citing a report from the Organization for Economic Co-operation and Development, the National Science Foundation mentioned that the shutdown of schools globally could lead to a 3% lower income for K-12 students during their lifetime. Meanwhile, the trend for virtual engagement ushered in innovation as online and computer-based instructions gained ground across advanced and emerging economies. Although K-12 online learning was first witnessed in the U.S. in the mid-1990s, it was during the pandemic that the trend for virtual schooling became pronounced. K-12 students who frequently visit for chronic health management and remain absent due to illness leveraged online STEM education.

The STEM-supported pedagogic system has gained prominence among middle school students, mainly due to the trend for real-time formative assessment, online laboratory experiments, and gaming. STEM education is expected to underpin curiosity, prepare students to combat real-world issues, and equip them with solid technical know-how. Middle school STEM programs are poised to introduce learners to subjects and skills they will need to succeed in high school, college, and careers. Students are also expected to gain soft skills, such as critical thinking, problem-solving, and innovation while doing activities and completing assignments. For instance, rubber band cars and toothpick bridges can help educators test middle school students' engineering and creativity skills.

The Asia Pacific is slated to account for a considerable share of the STEM education in the K-12 market on the back of bullish government policies and the adoption of state-of-the-art technologies. For instance, in October 2022, Robotex India, a non-profit organization, and BMC Software, Inc., which helps clients with modular solutions to their complex IT problems, collaborated to launch a STEM robotics Lab in India. The initiative would let students acquire the STEM skills like robotics, coding, and artificial intelligence Internet of Things (IoT) to pursue the opportunity in the digital world. Besides, robotics became a viable tool for bolstering digital literacy and solving real-world problems. India brought the revised National Education Policy (NEP) to the fore, spotlighting creativity, hands-on work, and critical thinking. Prominently, analysis and discovery-based learning environments and implementation of STEM-related pedagogy will bode well for Asia Pacific STEM education in the K-12 market.

Well-established players, startups, and governments are slated to emphasize STEM curricula to foster cohesive learning based on real-life situations and real-world applications. Forward-looking companies could inject funds into organic and inorganic growth strategies to propel their footprint. For instance, in April 2021, Amazon Australia joined forces with the Australian Literacy and Numeracy Foundation (ALNF) to donate STEM toys. Besides, in September 2022, Bhanzu, a math learning platform, raised USD 15 million in Series A funding under Eight Roads Ventures.

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STEM Education In K-12 Market Report Highlights

• The self-paced segment will exhibit impressive growth with the rising prominence of virtual reality and online education
• The high school segment dominated the market in 2021 to enhance STEM education and encourage more diverse students to pursue STEM degrees and careers
• The North America market will grow due to expanding footfall of STEM education programs and digital literacy

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STEM Education In K-12 Market Segmentation

Grand View Research has segmented the global STEM education in K-12 market based on type, application, and region:

STEM Education In K-12 Type Outlook (Revenue, USD Million, 2017 - 2030)

• Self-Paced
• Instructor-led

STEM Education In K-12 Application Outlook (Revenue, USD Million, 2017 - 2030)

• Elementary School (K-5)
• Middle School (6-8)
• High School (9-12)

STEM Education In K-12 Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East and Africa (MEA)

List of Key Players of STEM Education In K-12 Market

• BYJU'S
• edX LLC.
• Hurix
• STEM Learning Ltd.
• StemLabs
• Stride, Inc.
• Edutech
• MEL Science.
• Stemi Education.
• STEMROBOTM Technologies 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.

Citrus Extracts Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Citrus Extracts Market Growth & Trends

The global citrus extracts market size is expected to reach USD 10,437.1 million by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2022 to 2030. The industry growth is majorly driven by increasing product use in a variety of applications including beverages, food, and personal care and cosmetics, and pharmaceuticals.

Citrus is one of the leading flavors in new launches most specifically in beverage items. In 2017 around 45-47% of flavored water drinks contained citrus extracts for flavoring. In addition to this, in the same year citrus was incorporated in 34% of carbonated soft drinks, 38% of energy and sports drinks, 29% of iced teas, 30% of flavored alcoholic beverages, and 26% of juices. In 2019 this usage of extracts in beverages has further increased by 19%.

In the food industry, it is used as it imparts flavor and aroma to cakes, chocolates, candies, pastries, and desserts. These extracts are rich sources of minerals, dietary fibers, and vitamins which are required for overall nutritional well-being. As people are becoming conscious about their health thus shifting towards consuming healthy processed food that is free from any synthetic flavoring agents or chemicals thus, increasing the use of extracts in the food industry.

The onset of the COVID-19 pandemic had a positive impact on the market as citrus were considered an important component in boosting the immunity of the body against various infections. Thus, citrus based food and beverages demand increased, which in turn boosted the extracts market demand.

As per a study published, during the pandemic, the prices of citrus fruits in the European Union rose by 15-20% whereas in Italy and Greece prices rose by 24% and 27% due to increased demand and disrupted supply chains. These increased prices have in turn resulted in an increase in the price of citrus extracts thus hampering the market. 

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Citrus Extracts Market Report Highlights

• The market is estimated to witness a CAGR of 4.1% from 2022 to 2030. This is attributed to raising demand in the beverage industries as it is a strong flavoring agent and rich in vitamin and fiber content
• The market also saw growth in the personal care and cosmetics industry due to its antioxidant properties and Vitamin C content thus improving skin elasticity and boosting collagen production in the skin
• Europe dominated the market and accounted for revenue share of 33.8% in 2021. This is owed to Europe being one of the largest markets for beverages such as energy drinks and fruit drinks with Germany, U.K., and France leading the market
• Orange emerged as a major raw material used for citrus extracts in 2021 with a revenue share of 61.8%. This is attributed to the fact that oranges are a rich source of minerals and vitamins as compared to other fruits and the concentrated extract from oranges has a significant amount of alcohol content which helps in increasing its shelf life
• Carbonated soft drinks are the largest application segment in terms of revenue as it contributed 36.10% to the global revenue share. The growth of this segment can be attributed to the changing lifestyle and increasing popularity for ready to drink carbonated soft drinks. Further, the fast food industry has also largely contributed to the growth of carbonated soft drinks, as these meals are moreover served with carbonated soft drinks
• In order to increase the production and penetration of citrus extracts in personal care and cosmetics in May 2020, a company named “Citrus Extracts” which specializes in upcycling citrus waste from juice beverage processing outlets to produce citrus extracts, has partnered with the “Firmament Group”, an equity investment firm, as they were seeing an opportunity in organic natural consumer and personal care goods segment 

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Citrus Extracts Market Segmentation

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

Citrus Extracts Type Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Orange
• Lemon
• Lime
• Grapefruit
• Others

Citrus Extracts Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Carbonated Soft Drinks (CSDs)
• Fruit Beverages
• Food
• Sports & Energy Drinks
• Others

Citrus Extracts Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Thailand
• Central & South America
  • Mexico
  • Brazil
• Middle East & Africa
  • South Africa
  • Egypt

 List of Key Players of Citrus Extracts Market

• Botanic Healthcare
• Global Essence
• Kerry
• Plantae Extracts Private Limited
• XENA BIOHERBALS PRIVATE LIMITED
• Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI)
• Citrus Extracts LLC.
• Green Chem
• Henry Lamotte Oils GmbH
• CRODAROM SA
• HUNAN HUACHENG BIOTECH 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.

North America Ceiling Tiles Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 North America Ceiling Tiles Market Growth & Trends

The North America ceiling tiles market size is expected to reach USD 4.70 billion by 2030, growing at 9.1% CAGR, according to a new report by Grand View Research, Inc. This growth can be attributed to the high safety net and convenience provided by the tiles to residents. Ceiling tiles are fire resistant and provide thermal insulation, which contributes to the safety of the people. Apart from the ease of walking on the floor, this remains the primary driver behind their increased demand.

There is a growing demand for ceiling tiles in the non-residential sector in North America. There is a notable rise in spending in commercial spaces like offices. Furthermore, new designs with pleasing aesthetics, and built with acoustic considerations open up new opportunities in large sectors like transportation. This is expected to drive the ceiling tiles market in the region. The residential end-use segment held a significant market share on account of the rising population in the region.

The new products possess the ability to control or minimize sound transmission, as it is produced in such a way that it absorbs the noise. This makes them an ideal choice for several key applications including hospitals, auditoriums, lecture halls, schools, and commercial buildings. the rise of new products and their promise for modern construction remains a promising growth driver for the industry.

Mineral wool is a prominent product used to make ceiling tiles. It is widely used as an insulation and soundproofing material. Mineral wool ceiling tiles offer various benefits such as aesthetic designs, fire protection, and effective thermal insulation. Additionally, it is an eco-friendly material that remains key to its demand in North America.

The prominent companies with the presence across North America are focused on providing efficient product lines in order to be competent in the global market. Players like Hunter Douglas, USG Corporation, SAS International, and CertainTeed are investing in R&D to facilitate new technologies to introduce new products like solvent-free adhesives.

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North America Ceiling Tiles Market Report Highlights

• Mineral wool product segment accounted for 42.3% of the market share in 2021. Its ability to provide insulation, soundproofing, fire protection, and aesthetic designs remains integral to its growth
• The non-residential end-use segment dominated the market in 2021. It is expected to reach USD 2.08 billion by 2030, owing to robust and durable properties acquired from stronger backing materials
• The rise in the middle-class population and rising urbanization have increased the need for commercial construction. This continues to drive the development of spaces like offices and hospitals which has increased the demand for modern construction materials
• Ceiling tiles are usually offered in a variety of colors, designs, textures, sizes, and shapes. In addition, the ceiling tiles also aid in giving an attractive look to the building as well as cover up unsightly things including pipes and wires. Furthermore, easy installation coupled with various other advantages has made ceiling tiles a go-to option for many construction project developers in North America
• The market consists of several regional players providing a diversified range of products, thus leading to high competition in the industry. Strategies followed by key players include mergers & acquisitions, and vertical integration to gain a competitive edge in the market
• Canada is estimated to witness the fastest CAGR of 9.5%, owing to an increase in urban population and rising construction projects. Canada remains a noteworthy country in the regional industry
• S. dominated the market with a revenue of USD 1.77 billion in 2021. It is expected to grow at a CAGR of over 9% during the forecast period. The recovery from the pandemic as well as increasing construction activities in the U.S. led to a positive impact on the demand for these tiles. Furthermore, the market has also witnessed a change in consumer behavior coupled with increasing demand for decorative and soundproof interiors in commercial as well as residential buildings. This is expected to result in new growth opportunities in the market

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North America Ceiling Tiles Market Segmentation

Grand View Research has segmented the North America ceiling tiles market based on product, application, and region:

North America Ceiling Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

• Metal
• Mineral Wool
• Gypsum
• Wood
• Plastic
• Others

North America Ceiling Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

• Non-residential
• Residential

North America Ceiling Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico

List of Key Players in North America Ceiling Tiles Market

• Hunter Douglas
• USG Corporation
• SAS International
• CertainTeed
• Knauf Digital GmbH
• Odenwald Faserplattenwerk GmbH (OWA)
• Capitol Materials, Inc.
• Rockwool Manufacturing Company
• Armstrong World Industries, Inc.
• Aerolite Industries Private Limited
• KET Ceilings

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.

Contactless Payment Market Soaring Demand Assures Motivated Revenue Share By 2030

 Contactless Payment Market Growth & Trends

The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1% during the forecast period, according to a new study conducted by Grand View Research, Inc. Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth. Furthermore, a significant increase in digitalization and e-commerce platforms across the globe is boosting the growth of the contactless payment market.

Thales Group, in a survey, stated that by 2023, there would be more than 2.6 billion contactless payment cards in circulation, owing to the technology's rapid adoption in the markets such as South Asia, the U.S., and Brazil. Contactless card transactions are rapidly increasing in early-adopter markets such as the U.K., Canada, Europe, and Australia. For instance, "tap and pay" now accounts for more than 40.0% share of all card transactions in the U.K.

An increasing number of companies in the North American region are focusing on innovative solutions for the e-wallet market. For instance, in January 2022, Rev USA, Inc., a Fintech company, announced the worldwide availability of The X World Wallet, an app-based wallet. The X World Wallet has the capability to easily load to the users existing bank accounts and can be linked to digital or physical Visa cards that can be easily added to the Google, Apple, and Samsung Pay wallets for tap-and-go convenience.

Contactless Payment Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 40.62 billion
Revenue forecast in 2030	USD 164.15 billion
Growth rate	CAGR of 19.1% from 2022 to 2030
Base year of estimation	2021
Historical data	2017 - 2021
Forecast period	2022 - 2030

 

The COVID-19 outbreak played a vital role in driving the growth of the contactless payment market during the forecast period. Contactless payments are in demand among restaurants due to their greater convenience, ordering accuracy, and lack of human contact. Moreover, various digital wallet companies in Canada also experienced significant growth as consumers focused more on digital wallet solutions during COVID-19. For instance, Interac Debit for In-App and In-Browser Payments experienced double-digit growth in Canada since its launch in 2019.

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Contactless Payment Market Report Highlights

• The smartphone based payments segment is expected to witness rapid growth during the forecast period. Growing adoption of digital wallets for making contactless payments worldwide is expected to drive the growth of the segment
• Retail segment dominated the market in 2021. Adoption of the new payment technologies by the retailers in order to increase revenue and reduce transaction time is expected to propel the growth of the segment
• North America dominated the regional market in 2021. Growing demand for contactless payments across the region is expected to play an important role in driving the growth of the regional market

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

Contactless Payment Market Segmentation

Grand View Research has segmented the global contactless payment market based on the type, application, and region.

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

• Smartphone Based Payments
• Card Based Payments
  • Credit Cards
  • Debit Cards
  • Others

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

• Retail
  • Consumer Electronics
  • Fashion & Garments
  • Others
• Transportation
• Healthcare
• Hospitality
• Others

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

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

List of Key Players of Contactless Payment Market

• Thales
• Visa Inc.
• Giesecke & Devrient GmbH
• MasterCard
• Apple Inc.
• PayPal Holdings Inc.
• American Express Company
• com, Inc.
• com.
• Pay U

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. Pharmacy Benefit Management Market to Register Steadfast CAGR of 8.77% from 2023 to 2030: Grand View Research Inc.

 

U.S. Pharmacy Benefit Management Market Growth & Trends

The U.S. pharmacy benefit management market size is expected to reach USD 934.0 billion by 2030, exhibiting a CAGR of 8.77% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increase in healthcare cost, the growing preference for pharmacy benefit management (PBM), and increased demand for prescription drugs are primarily driving the market growth.

PBMs operate with specialty pharmacies to enable beneficiaries to better adherence. These systems provide wide expertise and connections with pharmaceutical companies that can be beneficial to establish drug contracts. Payers find it difficult to establish value-based contracts with pharmaceutical companies. Therefore, payers promote themselves as negotiators and tend to receive considerable discounts on prescription drugs

The vertical integration of pharmacy benefit management (PBM) organizations with health insurance companies is poised to result in increased control of PBMs over distribution systems. This is likely to cause a rise in rebates, ultimately increasing the cost of drug list prices. Moreover, it will result in a monopoly of a certain market player, concentrating sales and revenue generation.

U.S. Pharmacy Benefit Management Market Report Scope 

Report Attribute	Details
The market size value in 2023	USD 518.6 billion
The revenue forecast in 2030	USD 934.0 billion
Growth Rate	CAGR of 8.77% from 2023 to 2030
The base year for estimation	2022
Historical data	2017 - 2020
Forecast period	2023 - 2030

The business of insuring and administering employee benefit programs in the country, especially, health care programs, is heavily regulated by federal and state laws and administrative agencies, such as the Department of Health and Human Services (HHS), State Departments of Insurance, Centers for Medicare & Medicaid Services (CMS), Internal Revenue Services, and Departments of Labor.

The U.S. market for PBM is further fueled by the increasing number of mergers and collaborations between pharmacy benefit management businesses and health insurance providers for bettering the affordability and customization of health insurance policies. Additionally, the launch of enhanced benefit management services, such as disease management, drug utilization programmes, and pharmacy-medical integrated goods, is expected to bode well for the market.

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U.S. Pharmacy Benefit Management Market Report Highlights

• The standalone segment accounted for the largest revenue share in 2022 owing to the high number of claims processing by PBM. The health insurance segment is expected to witness a significant growth rate during the forecast period
• Based on end-use, the commercial segment accounted for the largest market share in 2022. The growth of the segment is attributed due to the proliferated usage of private insurance by the public and the increased cost of drugs
• In February 2022, Southern Scripts, one of the top PBM launched RxCompass, a new solution for mitigating the high cost of prescription drugs for companies and employees in the U.S.
• In July 2021, major insurers Humana and Anthem announced a partnership with SS&C, a software solutions provider to create a new PBM company named DomaniRx

Access Press Release@ https://www.grandviewresearch.com/press-release/us-pharmacy-benefit-management-pbm-market-analysis

U.S. Pharmacy Benefit Management Market Segmentation

Grand View Research has segmented the U.S. pharmacy benefit management market on the business model and end-use.

U.S. Pharmacy Benefit Management Business Model Outlook (Revenue, USD Billion, 2017 - 2030)

• Standalone PBM
• Health Insurance Providers
• Retail Pharmacy

U.S. Pharmacy Benefit Management End-Use Outlook (Revenue, USD Billion, 2017 - 2030)

• Commercial
• Federal

List of Key Players in the U.S. Pharmacy Benefit Management Market

• CVS Health
• Optum, Inc.
• Cigna
• Medimpact
• Anthem
• Change Healthcare
• Prime Therapeutics LLC
• HUB International Limited
• Elixir Rx Solutions 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.

Wires And Cables Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Wires And Cables Market Growth & Trends

The global wires and cables market size is expected to reach USD 281.64 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to attain a CAGR of 4.2% from 2023 to 2030. Wires and cables are one of the essential components of infrastructure development across the world. The growing emphasis on investments and government initiatives to generate power from renewable sources has enforced the adoption of wires and cables across the globe. Increasing funds in the upgradation of infrastructure and the demand for refined power transmission and distribution systems are the key factors driving the market in the forecast period.

Infrastructure development, modernization, and upgradation of infrastructure such as railways, tunnels, tunnel-lighting and signaling; commercial, residential, and industrial buildings; and implementation of smart grid technology is expected to drive the global market. Sectors such as defense, aerospace, and telecom are moving towards new infrastructure and construction, which increases the demand for cables and wires across the globe. Technological upgrades require various services, such as internet access and communication. Expansions and upgrades will directly increase the demand for cables such as communication cables, instrumentation cables, Ethernet cables, and others.

Wires And Cables Market Report Scope 

Report Attribute	Details
Market size value in 2023	USD 211.62 billion
Revenue forecast in 2030	USD 281.64 billion
Growth rate	CAGR of 4.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

The government initiatives in rural electrification also play a vital role in the growth of the overall market. Rural electrification entails actions, including setting electricity infrastructure, improved communication, and providing connectivity to households. Rural electrification is anticipated to drive the demand for wires and cables in the coming years. 

For instance, according to the Ministry of Power- Government of India, 26.3 million homes below the poverty line have been electrified under the Rural Electrification section of Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY). Smart grids diminish the general cost incurred in traditional systems, including the operational cost encountered due to loss of power. It also lowers the pressure on energy prices and total customer bills. The Indian government, under the "Make in India" campaign, had targeted the installation of 130 million smart meters in 2021 under Smart City Initiatives. The installation was done at the consumer base, where the monthly consumption is above 200 units by 2019. There are various steps taken by the government in other countries, such as the U.S., to encourage the smart grid's implementation.

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Wires And Cables Market Report Highlights

• The global market accounted for USD 202.05 billion in 2022 and is expected to attain a CAGR of 4.2% from 2023 to 2030. 
• The extra-high voltage segment emerged as the fastest-growing segment over the forecast period. 
• Overhead emerged as the largest segment in 2022 and is estimated to generate revenue of over USD 178.35 billion by 2030. 
• The Asia Pacific market held the largest share in the market in 2022. government initiatives such as Make in India, Smart Cities in the region are anticipated to drive the market.

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

Wires And Cables Market Segmentation

Grand View Research has segmented the wires and cables market based on voltage, installation, end-use, and region:

Wires And Cables Voltage Outlook (Revenue, USD Billion, 2017 - 2030)

• Low Voltage
• Medium Voltage
• High Voltage
• Extra High Voltage

Wires And Cables Installation Outlook (Revenue, USD Billion, 2017 - 2030)

• Overhead
• Underground 

Wires And Cables End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Aerospace & Defense
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

Wires And Cables Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in Wires And Cables Market

• Belden Inc.
• Fujikura Ltd.
• Furukawa Electric Co., Ltd.
• Leoni AG
• LS Cables & System Ltd.
• Nexans
• NKT A/S
• Prysmian S.p.A
• Sumitomo Corporation

About Grand View Research

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