Passwordless Authentication Market is Likely To Touch USD 55.70 Billion By 2030: Grand View Research Inc.

 Passwordless Authentication Market Growth & Trends

The global passwordless authentication market size is expected to reach USD 55.70 billion by 2030, growing at promising 18.2% CAGR, according to a new report by Grand View Research, Inc. Passwordless authentication is a security procedure that uses unique biological traits of a person to validate their authenticity. The increasing adoption of smartphones and other electronic gadgets is a crucial element driving the biometric authentication market forward.

According to a July 2022 Oxford Economics and Samsung study, up to 85% of small and midsize enterprises allow all or most of their staff to use mobile devices for work. Personal laptops and smartphones used by employees might expose a small firm to the dangers of unauthorized access to proprietary data, files, and systems. Such solutions remain the need of the hour and growing focus of many companies around the world.

For instance, in September 2022, AaDya Security, a cyber-security firm, announced the availability of passwordless authentication for Judy, the first all-in-one cybersecurity solution for SMEs. The new security feature protects how small business employees access company resources, mainly when they operate remotely and on mobile phones and personal laptops.

Passwordless Authentication Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 14.62 billion
Revenue forecast in 2030	USD 55.70 billion
Growth Rate	CAGR of 18.2% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

 

The growing requirement for an additional layer of protection beyond passwords fuels the growth of the passwordless authentication industry. To authenticate identities, fingerprint sensors and smartcards are utilized, and these security points allow for a seamless experience and data flow across locations. Most businesses are using voice biometric authentication in their workplaces for their personnel.

Reduced fraud exposure and lower authentication costs often drive organizations to implement voice biometric technology in their facilities. For instance, in July 2022, Turant Inc., a voice biometric AI firm, launched its cutting-edge AI solution in India. The company seeks to eliminate OTP-related fraud in transactions across use cases across business/industry domains, including e-commerce deliveries, by making it available in all Indian languages and roughly 20,000 dialects.

Furthermore, due to the increasing number of incidences of data theft around the world, passwordless authentication has gained popularity. Data theft issues in devices such as computers, cellphones, and tablets have increased the requirement for protection beyond passwords. fingerprint sensors and facial recognition are ways modern gadgets can be secured to prevent data theft.

For instance, in August 2022, ForgeRock, an international identity and access management software business, established strategic cooperation with Israeli software company Secret Double Octopus. ForgeRock will use SDO technology to provide employees, contractors, and vendors with a unified multi-factor secure experience. ForgeRock Enterprise Connect, the new solution, connects effortlessly with any ForgeRock deployment option, allowing organizations to gain increased security for databases, workstations, VPNs, and servers.

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Passwordless Authentication Market Report Highlights

• Growing investments in developed countries such as the U.S., Canada, Germany, France, and the U.K. for implementing passwordless authentication technology is a crucial factor driving the growth
• Fingerprint recognition and facial recognition provide various benefits. The increased security, accountability, convenience, and their non-transferable nature are crucial drivers for the growth
• The surge in e-commerceand internet banking, as well as legislations by various authorities such as central banks mandates large organizations to utilize robust authentication mechanisms to authenticate customers
• Multi-factor authentication protects clients from phishing attempts and fraudulent purchases and secures transactions

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Passwordless Authentication Market Segmentation

Grand View Research has segmented the global passwordless authentication market based on component, product type, authentication type, portability, end-user, and region:

Passwordless Authentication Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

Passwordless Authentication Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Fingerprint Authentication
• Palm Recognition
• Iris Recognition
• Face Recognition
• Voice Recognition
• Smart Card
• Others

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

• Single-factor Authentication
• Multi-factor Authentication

Passwordless Authentication Portability Outlook (Revenue, USD Million, 2017 - 2030)

• Fixed
• Mobile

Passwordless Authentication End-user Outlook (Revenue, USD Million, 2017 - 2030)

• IT & Telecom
• Retail
• Transportation & Logistics
• Aerospace & Defense
• BFSI
• Healthcare
• Government
• Others

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

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

List of Key Players in the Passwordless Authentication Market

• ASSA ABLOY
• DERMALOG Identification Systems GmbH
• East Shore Technology, LLC
• Fujitsu
• HID Global Corporation
• M2SYS Technology
• Microsoft
• NEC Corporation
• Safran
• Thales

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.

DNA Methylation Market To Hold a High Potential for Growth by 2030: Grand View Research Inc.

 DNA Methylation Market Growth & Trends

The global DNA methylation market size is expected to reach USD 4.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 14.67% from 2022 to 2030, due to the increased usage of DNA methylation in sequencing analysis. The increased adoption of DNA methylation in the agrigenomics field remains a promising driver of this growth.

In January 2020, a research journal published in Springer stated that DNA methylation and expression analysis shows peanut foliar disease resistance genes have epialleles. DNA methylation analysis continues to open new doors of opportunities for researchers, and pharmaceutical companies. Increased research and developments in this field would further drive the DNA methylation industry in the coming years.

Furthermore, the growing prevalence of esophageal adenocarcinoma has contributed to the overall growth. According to the data published by the American Cancer Society (ACS), in 2022, an estimated 20,640 esophageal cancer cases were undiagnosed in the U.S. The chronic disease. resulted in 16,410 deaths.

Growing esophageal cancer cases in the U.S. highlight the urgent need for early intervention measures that can help improve the low survival rates for patients. In October 2022, a research article published by Fred Hutchinson Cancer Center stated that methylated DNA biomarkers could be used for the detection of esophageal adenocarcinoma and high-grade dysplasia.

DNA Methylation Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 1,411.8 million
Revenue forecast in 2030	USD 4.22 billion
Growth rate	CAGR of 14.67% from 2022 to 2030
Base year for estimation	2021
Historical data	2018 - 2020
Forecast period	2022 - 2030

The significant increase in the adoption of epigenetics-based treatment strategies, coupled with the broad nucleic acid-based diagnostic tests & kits commercialization is projected to drive the growth of the market. In May 2022, an article published in PubMed stated that theepigenetics-based treatment strategies are to be used for studying Alzheimer’s disease. However, a lack of expertise to perform DNA methylation experiments could restrict the growth. DNA methylation holds significant potential in various biotechnology applications, while the relatively low number of skilled professionals remains an obstacle to growth.

Key players operating in the market are taking several initiatives such as new product developments, entering into a strategic alliance, and regional expansion among others. For instance, in May 2022, Oxford Nanopore announced integrating Remora, a technique that offers accurate and real-time epigenetic insights with nanopore sequencing software. This would further offer simple access to accurate whole genome methylation detection. Similarly, in June 2020, Base Genomics announced of advancing and developing its DNA methylation technology. the aim is to sequence a large amount of epigenetic data from a blood test which could revolutionize the preventative medicine arena.

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DNA Methylation Market Report Highlights

• The overall growth is attributed to the growing adoption of DNA methylation in sequencing analysis in the molecular biology and genomics and agrigenomics fields
• By technology, the sequencing segment captured the highest share in 2021, owing to the increasing adoption of sequencing technology for research purposes by numerous market players
• By product, the consumables segment dominated the market as it is majorly used in the DNA sequencing procedures and diagnosis process
• By application, the clinical research segment dominated the market due to the rising number of clinical trials for various diseases globally, and constant government support leading to increasing R&D expenditure
• By end use, pharmaceutical and biotechnology companies dominated the market, thanks to the increasing usage of high throughput technologies such as NGS by key market players
• North America dominated the market in 2021 due to the wide network of manufacturing and R&D facilities. The growing number of product launches, FDA approvals, and the presence of key market players remains a promising driver of growth in this region

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

DNA Methylation Market Segmentation

Grand View Research has segmented the global DNA methylation market based on technology, product, application, end-use, and region:

DNA Methylation Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Polymerase Chain Reaction (PCR)
• Microarray
• Sequencing
• Others

DNA Methylation Product Outlook (Revenue, USD Million, 2018 - 2030)

• Consumables
• Kits & Reagents
• Enzymes
• Instruments & Software

DNA Methylation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Gene therapy
• Clinical Research
• Diagnostics
• Others

DNA Methylation End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital & Diagnostic Laboratories
• Pharmaceutical & Biotechnology Companies
• Research & Academia

DNA Methylation Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of DNA Methylation Market

• New England Biolabs
• Sysmex Corporation
• Abcam plc.
• Hoffmann-La Roche Ltd.
• Diagenode Diagnostics S.A.
• Thermo-Fisher Scientific Inc.
• Agilent Technologies Inc.
• BioRad Laboratories Inc.
• Exact Sciences Corporation
• QIAGEN N.V.
• Active Motif, Inc.
• Illumina Inc.
• EpiGentek Group Inc.
• Pacific Biosciences Inc.
• New England Biolabs Inc.
• Merck KGaA
• Zymo Research Corporation
• PerkinElmer 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. Plywood Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 U.S. Plywood Market Growth & Trends

The U.S. plywood market size is expected to reach USD 15.59 billion by 2030, according to Grand View Research, Inc. It is anticipated to expand at a CAGR of -1.9% from 2022 to 2030. The growth is positively impacted by the growth of the organized retail segment, including super-market, hyper-markets, and departmental stores, which also contributed to the growth of commercial buildings.

The construction industry in the U.S. has been a significant contributor to the country’s growth and development of construction and real estate industries had been growing consistently till the outbreak of COVID-19. However, post the outbreak, the global economic flow was disrupted. Hence, to revive the market, several construction projects were launched in 2021 and 2022.

Refurbishment includes renovation and remodeling of old buildings to make them energy-efficient, visually pleasing, and sustainable. In this process, maintenance, replacement, and repair of buildings and building components are made to give the structure a longer life. This involves changing of windows & doors, structural alterations & modifications, and making the structure aesthetically more pleasing.

U.S. Plywood Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 18.24 billion
Revenue forecast in 2030	USD 15.59 billion
Growth rate	CAGR of -1.9% from 2022 to 2030
Base year for estimation	2021
Actual estimates/Historical data	2017 - 2020
Forecast period	2022 - 2030

The real estate market in the U.S. is already more developed compared to most countries. The lifespan of a building ranges from 31 to 50 years after its completion; hence, once the structure becomes old, its quality and strength are compromised. If such buildings are not put through regular maintenance and care, they prove to be a threat to the residents. Hence, the majority of old buildings are renovated and refurbished regularly to ensure a longer life and safety of the inhabitants. This is triggering the demand for plywood in the construction sector and contributing to the growth of plywood in the U.S.

The refurbishment has become a common practice in urban areas due to changing consumer tastes and market trends and increasing disposable income. The people are actively investing and reinvesting to modify their places of work and business to please the customers and keep up with varying customer tastes. The increasing rate of fire accidents and electrical mishaps is also responsible for increased refurbishment within the region, along with the demand for plywood in the U.S.

Since the outbreak of COVID-19, there has been disruption along the supply lines, which has resulted in price fluctuations in the U.S. market. The prices of wood and adhesives have been increasing over the last year, due to which the cost of manufacturing plywood has increased. However, it is expected that prices to come down and reach the pre-pandemic level over the forecast period.

The U.S. plywood industry is fragmented by the presence of large-, medium-, and small-sized players. The plywood quality and price differentiation among market players are low, which results in plywood manufacturers striving for higher market dominance. This can result in intense competitive rivalry among vendors. Moreover, with growing investments in the refurbishment of commercial structures, the market rivalry is expected to increase over the forecast period.

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U.S. Plywood Market Report Highlights

• The structural application segment accounted for 68.6% of the revenue share in 2021 due to its application for sheathing, bracing for roofs and floors, storage decks, hoardings, packing crates, outdoor furniture, and playing equipment
• The furniture segment of the non-structural segment accounted for the largest revenue share of 40.5% in 2021. This is attributed to the U.S. furniture manufacturing industry is one of the major markets for hardwood plywood
• The residential segment in the U.S. is expected to account for 64.6% of the total revenue share by 2030. This is due to the growing applications of plywood in residential constructions for furniture, interiors, and modifications
• The commercial segment in the U.S. accounts for 33.8% of the revenue share in 2021. The increasing number of new commercial buildings in the U.S. is expected to drive the demand over the coming years
• The Southern region is expected to reach 55.5% of the total revenue share in 2021, as the big economies such as Texas, Virginia, Florida, and Georgia witness an increase in population along with a high standard of living

Access Press Release@ https://www.grandviewresearch.com/press-release/us-plywood-market-analysis

U.S. Plywood Market Segmentation

Grand View Research has segmented the U.S. plywood market based on end-use, application, and region:

U.S. Plywood End-use Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial

U.S. Plywood Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2017 - 2030)

• Structural
• Non-Structural
  • Furniture
  • Kitchen Cabinet
  • Flooring
  • Container Floor
  • Others

U.S. Plywood Regional Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2017 - 2030)

• Northeast
• Midwest
• South
• West

List of Key Players in the U.S. Plywood Market

• Georgia Pacific
• PotlatchDeltic Corporation
• Weyerhaeuser Company Ltd.
• Boise Cascade Company
• Roseburg Forest Products
• West Fraser
• Columbia Forest Products
• RoyOMartin
• Timber Products Company
• Coastal
• Hood Industry
• BlueLinx
• South Coast Lumber Co. & Affiliates

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.

Arterial Cannula Market Booming Trends and Forecast Assessment for the Period 2023 to 2030

 Arterial Cannula Market Growth & Trends

The global arterial cannula market size is projected to reach USD 33.4 million by 2030, registering a CAGR of 7.2% over theforecast period, according to a new report by Grand View Research. An increase in the prevalence of chronic diseases is leading to a rise in surgical procedures, which is driving the growth of the industry. According to an article published by the National Library of Medicine in September 2020, an overwhelming 310 million major surgeries are performed each year; around 20 million in Europe and about 40 to 50 million in the USA. Furthermore, advancements in minimally invasive surgeries are driving product demand. Minimally invasive techniques and cutting-edge technology give patients fast recovery time, less pain, and the best aesthetic results.

Arterial Cannula Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 20.48 million
Revenue forecast in 2030	USD 33.4 million
Growth rate	CAGR of 7.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

These advantages have resulted in the increasing adoption of minimally invasive techniques, which is leading to an increasing number of patients opting to undergo these surgical interventions. The COVID-19 pandemic resulted in a temporary fall in product sales. This is due to the postponement of elective surgeries to avoid the spread of the virus and focus dedicatedly on combatting the COVID-19 virus. However, the market began to quickly recover in the second half of the pandemic with increasing efforts of healthcare professionals and different strategies led down at the micro as well as macro-economic levels. The industry is further expected to experience significant demand over the forecast period with governments of various countries majorly focusing on healthcare to avoid similar situations in the future. Moreover, increasing investments in the healthcare sector are also expected to boost the overall industry growth over the forecast period.

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Arterial Cannula Market Report Highlights

• The ECMO segment held the highest revenue share in 2022 owing to the increasing adoption of the arterial cannula for oxygenation
• The cardiopulmonary bypass surgery segment is projected to experience the fastestCAGR over the forecast period due to the increasing prevalence of cardiac diseases
• The 20-22 Fr size segment led the market, in terms ofrevenue share in 2022 as these are the most commonly used arterial cannulas
• The hospitals segment held the largest share in 2022 as the majority of surgical procedures are carried out in these settings
• The ASCs segmentwill registerthe fastest growth rate over the forecast period due to favorable reimbursement initiatives by various governments
• North America was the largest region in 2022 owing to a well-developed healthcare structure and a significant patient pool
• Asia Pacific is expected to be the fastest-growing region over the forecast period due to the high prevalence of chronic diseases and the increasing geriatric population

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Arterial Cannula Market Segmentation

Grand View Research has segmented the global arterial cannula market based on application, size, end-use, and region:

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

• Cardiopulmonary Bypass Surgery
• Extracorporeal Membrane Oxygenation (ECMO)
• Others

Arterial Cannula Size Outlook (Revenue in USD Million, 2017 - 2030)

• 14-16 Fr
• 17-19 Fr
• 20-22 Fr
• 23-25 Fr
• 26-28 Fr
• 29- 31 Fr
• 32-34 Fr
• 35-36 Fr

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

• Hospitals
• Ambulatory Surgical Centers
• Others

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

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

List of Key Players of Arterial Cannula Market

• Medtronic, plc.
• LivaNova plc
• Edward Lifesciences
• Getinge AB
• Fresenius Medical Care
• BD
• Nipro Corp.
• Andocor
• Freelife Medical GmbH
• Surgical Holdings
• Kangxin Medical

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. Cath Labs Market Is Expected To Accomplish A Valuation Of Around USD 21.9 Billion By 2030: Grand View Research Inc.

 U.S. Cath Labs Market Growth & Trends

The U.S. cath labs market size is estimated to reach USD 21.9 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.34% from 2023 to 2030. The high incidence of heart disease in the U.S., the improving spending capacity of the residents, the growing number of therapeutic surgeries, and technological advancements are fueling market growth. In addition, the increasing preference for minimally invasive surgeries is expected to offer growth opportunities for the market.

The volume of heart disease diagnostics and surgeries performed is increasing in the U.S. As per the American Heart Association, more than 1 million catheterization surgeries are performed every year. The northeastern and southeastern regions in the U.S. have the highest hospitalization rates for heart disease patients. Michigan, Ohio, West Virginia, Alabama, Georgia, North Carolina, and Kentucky are the states having the highest hospitalization rates for heart disease as per the CDC. This indicates the high requirement for heart disease treatment and the huge accessibility to service in the U.S.

The COVID-19 pandemic resulted in a decline in the number of cardiac procedures as COVID-19 care was the primary focus wherein several cath labs were converted into intensive care units for COVID-19 patients temporarily. The cath labs also witnessed a shortage of medical devices due to disruption in the supply chain during the initial phase of the pandemic. Automated external defibrillators having application in cardiac diagnostic procedures were the equipment having the least supply during the pandemic. The later phase of the pandemic witnessed increased demand for services owing to the rise in heart disease resulting from inactivity during the pandemic.

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U.S. Cath Labs Market Report Highlights

• Based on the component, the service segment held the largest share in 2022. This can be attributed to the increasing prevalence of cardiac diseases
• The diagnostic services are expected to witness higher demand as the federal government focuses on early diagnostics for preventing deaths due to heart disease by imitating awareness campaigns
• In the diagnostic services segment, cardiac catheterization accounted for the largest share in 2022. This can be attributed to the growing prevalence of heart attacks resulting from arterial blockages due to sedimentary lifestyle
• Based on facility type, hospital-based facilities dominated the market in 2022 owing to the increasing number of chronic and emergency cases and improved reimbursement for hospital-based labs. Hospitals are modernizing their existing cath labs and investing in hybrid laboratory integration to treat multiple conditions under one roof and increase profitability
• The 2022 reimbursement policy by the CMS focuses on a value-based program paying the service providers based on patient outcomes rather than quantity. This is resulting in enhancing the quality of patient care
• Mergers & acquisitions and collaborations are being preferred by the key players, enabling them to have a competitive edge by adding value to their services. For instance, in September 2022, Medtronic acquired a cardiac mapping company Affera, aiding the company’s diagnostic portfolio

Access Press Release@ https://www.grandviewresearch.com/press-release/us-cath-labs-market-analysis

U.S. Cath Labs Market Segmentation

Grand View Research has segmented the U.S. cath labs market based on component and facility type:

U.S. Cath Labs Component Outlook (Revenue, USD Million, 2017 - 2030)

• Services
  • Therapeutic
    • Angioplasty
    • Stent Placement
    • Rotational Atherectomy
    • Thrombectomy
    • Cardioversion
    • Transcatheter Aortic Valve Replacement (TAVR)
    • Others
  • Diagnostic
    • Angiography
    • Coronary Intravascular Ultrasound
    • Cardiac Catheterization
    • ECG/EKG
    • Fractional Flow Reserve (FFR)
    • Others
  • Equipment

U.S. Cath Labs Facility Type Outlook (Revenue, USD Million, 2017 - 2030)

• Independent Labs
• Hospital-Based Labs

List of Key Players in U.S. Cath Labs Market

• Koninklijke Philips N.V.
• Shimadzu Corporation
• GE Healthcare
• Johnson & Johnson
• Braun Melsungen AG
• Siemens Healthineers
• Medtronic
• Cardinal Health, Inc.
• Boston Scientific Corporation
• Abbott Laboratories

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.

Composites Market to Reach USD 163.97 Billion by 2030: Grand View Research Inc.

 Composites Market Growth and Trends 

The global composites market size is expected to reach USD 163.97 billion by 2030, registering a CAGR of 7.2% over the forecast period,according to a new report by Grand View Research, Inc. The demand for composites is expected to witness significant growth owing to the rising fuel prices and stringent government regulations have shifted automobile manufacturers focus on light-weighted components which would further propel the market demand over the forecast period.

Composite products play an essential role in the manufacturing of automotive and aircraft parts. The growing concerns regarding fuel consumption and CO₂ emission levels have prompted the manufacturers to use carbon fiber composite materials as substitutes for metal components. Technological innovations to minimize the manufacturing cycle time is expected to propel the usage of composites in the automotive sector.

The high cost of composites has limited their application scope to premium segment cars. However, key players are conducting extensive R&D activities to develop low-cost composite grades with similar mechanical properties as that of the high-cost variants. This is expected to spur the demand for the product in the automotive industry over the forecast period.

Aerospace is one of the fastest-growing sectors in the global composites market. High-performance materials are required to be used in aircraft, rockets, satellites, and missiles in the aerospace industry. The consumption of composites in the aerospace industry is increasing owing to their lightweight and high rigidity. The U.S. and Europe are the key markets in the aerospace & defense sector with the demand being driven by aircraft manufacturers such as Boeing and Airbus.

Major players have established a strong distribution network and product brands in the global composites market. Companies such as Teijin Limited, Toray Industries, Owens Corning, and PPG Industries Inc. acquired a large share of the market globally. The ongoing research & development activities in the composites market present several growth and expansion opportunities to market players, which in turn are projected to positively influence the overall composites market.

Manufacturers are aiming to achieve optimum business growth and a strong market position through the implementation of various strategies such as integration, through acquisition, joint ventures, production capacity expansion, new product development, promotion of key product brands, and significant investments in research & development.

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Composites Market Report Highlights

• The glass fiber segment accounted for the largest market share in 2022 and is further expected to grow at a CAGR of 6.4% on account of increased penetration in pipe manufacturing applications owing to the strength and durability of these composites. Additionally, glass fiber comprises several thin that find application in building & construction, automotive, industrial, energy, and consumer goods
• The layup process segment is forecasted to grow at a CAGR of 9.0% by 2030. The market is again forecast to grow due to easier technology applications and the requirement of less expensive machinery. The process involves placing multiple layers of composite fiber in a sequence by using a matrix of resin and hardener
• The automotive & transportation segment dominated the composites market with a revenue share of USD 19.70 billion in 2022. This is attributed to its advantages such as fuel saving to the transportation sector as the components are significantly lighter in weight that allows ascending fuel efficiency
• The demand for composites in Asia Pacific was the largest in the global market due to the increase in air passenger traffic, rise in automotive vehicle production, and ambitious electrical & electronics production capacity addition targets set by various governments in the Asia Pacific including China, India, Japan, and South Korea
• Various initiatives such as technology innovations, research & development, partnerships, and merger & acquisitions to manufacture cost-effective and lightweight composite products have been undertaken by the key market players. Prominent players have patented technologies used for composites manufacturing

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

Composites Market Segmentation

Grand View Research has segmented the collated screws market on the basis of product, manufacturing process, end-use, and region:

Composites Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2023 - 2030)

• Carbon Fiber
• Glass Fiber
• Others

Composites Manufacturing Process Outlook (Volume, Kilotons; Revenue, USD Billion, 2023 - 2030)

• Layup Process
• Filament Winding Process
• Injection Molding Process
• Pultrusion Process
• Compression Molding Process
• Resin Transfer Molding Process
• Others

Composites End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2023 - 2030)

• Automotive & Transportation
• Wind Energy
• Electrical & Electronics
• Construction and Infrastructure
• Pipes & Tanks
• Marine
• Others

Composites Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2023 - 2030)

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

List of Key Players of Composites  Market

• Teijin Ltd.
• Toray Industries, Inc.
• Owens Corning
• PPG Industries, Inc.
• Huntsman Corporation LLC
• SGL Group
• Hexcel Corporation
• DuPont
• Compagnie de Saint-Gobain S.A.
• Weyerhaeuser Company
• Momentive Performance Materials, Inc.
• Cytec Industries (Solvay, S.A.)
• China Jushi Co., Ltd.
• Kineco Limited
• Veplas Group

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.

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 

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

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

Access Press Release@ https://www.grandviewresearch.com/press-release/saudi-arabia-egypt-healthcare-3d-printing-market-analysis

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

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

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.