Intellectual Property Management Software Market is Anticipated to Upgrade USD 431.6 Million Revenue By 2028: Grand View Research Inc.

 Intellectual Property Management Software Market Growth & Trends

The global intellectual property management software market size is anticipated to reach USD 431.6 million by 2028, expanding at a CAGR of 15.6% over the forecast period, as per the research conducted by Grand View Research, Inc. Development in the Information and Communication Technologies (ICT) sector, coupled with the growing awareness and adoption of intellectual property management software across emerging economies such as China and India, are expected to offer lucrative opportunities for the market growth.

Furthermore, increasing government initiatives toward creating a digital infrastructure and regulatory framework to monetize and protect creations are also expected to contribute to the growth of the market. For instance, China’s central government has developed a specialized intellectual property division in courts to deal with infringement and is committed to streamlining enforcement processes for trademark violations. Additionally, India is building a digital infrastructure in line with the country’s national IP policy. This initiative will safeguard and promote patents while protecting intellectual properties.

The outbreak of the COVID-19 pandemic has negatively impacted the growth of the market for intellectual property management software. The lockdown restrictions imposed by various governments across the globe have significantly impacted the use of the software. However, the market is expected to witness significant growth with the gradual leniency in restrictions and resumption of businesses.

North America contributed around 40.0% to the total market share in 2020, attributed to the increasing use of patents in the region. For instance, as per the data published by United States Patents and Trademarks Office, the number of patents used in the U.S. totaled 399,055 in 2020, compared to 370,423 in 2019. The regional market is anticipated to witness steady growth over the forecast period as well.

Some of the prominent players in the market for intellectual property management software include Anaqua Inc.; Clarivate; Innovation Asset Group, Inc.; Gemalto NV; CPA Global; and Questel. These players focus on launching new products, applications, and services to enhance their business operations. For instance, in November 2019, CPA Global announced its customer-focused strategy to enhance IP outcomes from improved data-enabled IP decision-making and improved IP productivity across the industry. After the acquisition of ipan/Delegate Group, CPA global operates in two core business divisions namely Software and Tech-Enabled Services.

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Intellectual Property Management Software Market Report Highlights

• The service component segment is expected to dominate the market owing to the increasing demand for post-sale services for software across the globe. The segment is expected to reach USD 237.8 million by 2028
• The cloud deployment segment is anticipated to expand at the highest CAGR of 16.3% over the forecast period
• The commercial end-user segment is expected to dominate the market over the forecast period. It is anticipated to reach USD 255.2 million by 2028
• The patent management segment is anticipated to witness the fastest CAGR of 16.1% over the forecast period. The growth can be attributed to increasing patent registrations and applications globally
• North America is projected to account for the largest market share over the forecast period. The regional market is anticipated to reach USD 163.9 million by 2028. The rapid adoption of technological innovations and the presence of various prominent players in the region are some of the major growth drivers for the market in this region
• Prominent industry participants include Anaqua Inc.; Innovation Asset Group, Inc.; Gemalto NV; CPA Global; and Questel

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Intellectual Property Management Software Market Segmentation

Grand View Research has segmented the global intellectual property management software market based on component, deployment type, end-user, application, and region:

Intellectual Property Management Software Component Outlook (Revenue, USD Million, 2018 - 2028)

• Service
• Software

Intellectual Property Management Software Deployment Type Outlook (Revenue, USD Million, 2018 - 2028)

• On-premise
• Cloud

Intellectual Property Management Software End-user Outlook (Revenue, USD Million, 2018 - 2028)

• Individual
• Commercial

Intellectual Property Management Software Commercial Outlook (Revenue, USD Million, 2018 - 2028)

• BFSI
• IT & Telecom
• Automotive
• Technology
• Others

Intellectual Property Management Software Application Outlook (Revenue, USD Million, 2018 - 2028)

• Patent Management
• Trade Management
• Licensing

Intellectual Property Management Software Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of Intellectual Property Management Software Market

• Anaqua Inc.
• Questel
• Gemalto NV
• CPA Global
• Innovation Asset Group Inc.

About Grand View Research

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

Bathroom Vanities Market Is Expected To Accomplish A Valuation Of Around $65.54 Billion By 2030

 

Bathroom Vanities Market Growth & Trends

The global bathroom vanities market size is expected to reach USD 65.54 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2023 to 2030. The increasing disposable income and changing consumer lifestyles in Asia Pacific and Europe are projected to drive demand for bathroom vanities. Also, the growth of the leisure and hospitality industries across the globe is expected to boost the demand for bathroom vanities.

The rising disposable income and proliferating economic growth are escalating the purchasing power, as a result, there is a rise in demand for high-end and aesthetic home and bathroom products, which is likely favoring the growth of the market across the globe. The National Kitchen and Bath Association (NKBA) predicted bath product spending to reach USD 199 billion in 2022. Moreover, house construction and remodeling projects to be major growth factors in the market for bathroom vanities.

Additionally, consumers' purchase decisions are mainly impacted by their changing lifestyles and the equal importance they place on interior and exterior décor. However, with rising home prices, homes are becoming compact, and the number of rooms-and their size-is decreasing. As a result, consumers are increasingly investing in storage and furniture items that are multifunctional, have enough storage, and can be easily assembled at home.

In terms of design and style, although traditional and modern bathroom vanities are popular among consumers, they mainly prefer modern styles. According to data published by Bathroom Planet, a bathroom furniture and accessories retailer in the U.K., around 79% of consumers purchased modern-style bathroom vanities in 2021. Bathroom vanities have evolved over the years, and in response, key manufacturers have been introducing new styles, patterns, and designs to meet the changing demands of consumers. Vintage-style bathroom vanities are popular among consumers who prefer unique and retro-style bathrooms.

Furthermore, with the increasing expansion of real estate as well as commercial construction, the market is bound to witness growth in the bathroom fittings industry, which is likely to propel the demand for bathroom vanities in commercial and residential settings. According to a Global Real Estate report published by Morgan Stanley Capital International (MSCI) in 2021, the efficiently managed real estate market's size increased to USD 11.4 trillion from USD 10.5 trillion in 2020.

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Bathroom Vanities Market Report Highlights

• The glass segment is expected to expand at the fastest CAGR over the forecast period. The growing inclination toward elegant, stylish, modern, and fancy bathrooms is anticipated to widen the scope of premium-quality bathroom vanities over the forecast period
• The residential segment accounted for the largest market share in 2022 and is expected to dominate the market over the forecast period. An increasing number of millennials buying homes, particularly pre-owned homes, is also fueling the demand for bathroom vanities
• The Asia Pacific region accounted for the largest share in the global market in 2022. The growth is attributed to the rising spending on home renovation projects in the region. Moreover, the increasing population and improved standard of living have spurred the growth prospects of the construction sector in the region

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Bathroom Vanities Market Segmentation

Grand View Research has segmented the global bathroom vanities market based on application, material, size and region:

Bathroom Vanities Application Outlook (Revenue, USD Million; 2017 - 2030)

• Residential
• Non-residential

Bathroom Vanities Material Outlook (Revenue, USD Million; 2017 - 2030)

• Stone
• Ceramic
• Glass
• Wood
• Metal

Bathroom Vanities Size Outlook (Revenue, USD Million; 2017 - 2030)

• 24 - 35 inch
• 38 - 47 inch
• 48 - 60 inch

Bathroom Vanities Regional Outlook (Revenue, USD Million; 2017 - 2030)

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

List of Key Players in the Bathroom Vanities Market

• American Woodmark Corporation
• Avanity Corporation
• Bellaterra Home, LLC
• Design Element Group, Inc.
• Design House (DHI Corp.)
• Empire Industries, Inc.
• Foremost Groups
• Wyndham Collection
• Kohler Company
• Water Creation, Inc.
• Wilsonart LLC
• Dupont Kitchen and Bath Fixtures
• Caesarstone

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.

Genome Editing Market With Strong Application and Scope By 2030

 Genome Editing Market Growth & Trends

The global genome editing market size is expected to reach USD 24.99 billion by 2030, exhibiting a CAGR of 17.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.8% from 2023 to 2030 The increasing advancements in genome editing technology, the growing funding & investments in the genomics industry, the increasing prevalence of genetic disorders, and the need for improved treatments and therapies are major factors driving revenue growth.

The evolution of genome editing technologies is another contributing factor to drive revenue growth in the market. Most effective and accurate gene editing is now possible through the enhancement of new and advanced genome editing methods including CRISPR-Cas13,prime editing, and base editing, amongst others. This creates genome editing methods used more often in academic and medical contexts. For instance, in January 2020, ERS Genomics and New England Biolab collaborated to develop and commercialize CRISPR gene modification tools & reagents.

The increasing application of gene-modification tools in therapeutic research has resulted in the rising number of advanced therapeutics entering clinical trials. Furthermore, the use of artificial intelligence to advance the implementation of novel gene modification systems exhibits great potential for the technology developer. This is anticipated to greatly favor revenue generation in the foreseeable future. Research communities are exploring the potential of gene-modification instruments such as CRISPR as a potential fast screening solution for various chronic diseases. Such research programs are likely to benefit the market for genome editing in the coming years.

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Genome Editing Market Report Highlights

• By technology, the (CRISPR)/Cas9 segment held the highest share of 42.9% in 2022. It is due to an increased usage of CRISPR owing to its advantages such as targeted gene disruption
• Ex-vivo accounted for the dominant share of 52.6% in the delivery method segment in 2022. The dominant share is attributed to the growing high control offered by the model in DNA modification
• The genetic engineering segment dominated the global market in terms of application, due to the increasing number of gene therapy clinical trials
• By end-user, biotechnologyand pharmaceutical companies segment held a major share of 51.2% in 2022 due to a growing number of research activities for novel therapeutic development within various biotechnology companies
• The contract-based segment dominated the market in 2022, due to the cost-effective services offered by contract service providers
• North America held a dominant share of 47.9% in 2022. The major reason is the presence of strong research, as well as a commercial base for advanced therapy development coupled with a high number of clinical trials being conducted for gene and stem cell therapies in the region
• A few of the key players include Merck KGaA; Cibus; Recombinetics, Inc.; Sangamo; Editas Medicine; Precision Biosciences; CRISPR Therapeutics; Intellia Therapeutics, Inc.; Caribou Biosciences, Inc.; Cellectis S.A.; AstraZeneca; Takara Bio USA; Horizon Discovery Group plc; Integrated DNA Technologies, Inc.; Egenesis Inc.; GenScript; New England Biolabs; and OriGene Technologies, Inc.

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Genome Editing Market Segmentation

Grand View Research has segmented the global genome editing market based on technology, delivery method, application, mode, end-use, and region:

Genome Editing Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• (CRISPR)/Cas9
• TALENs/MegaTALs
• ZFN
• Meganucleases
• Others

Genome Editing Delivery Method Outlook (Revenue, USD Billion, 2018 - 2030)

• Ex-vivo
• In-vivo

Genome Editing Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Genetic Engineering
  • Cell Line Engineering
  • Animal Genetic Engineering
  • Plant Genetic Engineering
  • Others
• Clinical Applications
  • Diagnostics
  • Therapy Development

Genome Editing Mode Outlook (Revenue, USD Billion, 2018 - 2030)

• Contract
• In-house

Genome Editing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Biotechnology & Pharmaceutical Companies
• Academic & Government Research Institutes
• Contract Research Organizations

Genome Editing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Genome Editing Market

• Merck KGaA
• Cibus, Recombinetics, Inc.
• Sangamo
• Editas Medicine
• Precision Biosciences
• CRISPR Therapeutics
• Intellia Therapeutics, Inc.
• Caribou Biosciences, Inc.
• Cellectis S.A.
• AstraZeneca
• Takara Bio USA
• Horizon Discovery Group plc
• Integrated DNA Technologies, Inc.
• Egenesis Inc.
• GenScript
• New England Biolabs
• OriGene Technologies, Inc.
• Lonza
• Thermo Fisher Scientific, Inc.

About Grand View Research

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

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

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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

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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

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

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.