Topical Drugs Market is Expected to Enhance USD 217.79 Billion Revenue By 2030: Grand View Research Inc.

 Topical Drugs Market Growth & Trends

The global topical drugs market size is expected to reach USD 217.79 billion by 2030, according to a new report by Grand View Research Inc. The industry is expected to grow at a CAGR of 10.1% from 2022 to 2030. The key factors contributing to the industry growth include the increased prevalence of skin disorders coupled with strategic collaborations between key players. The increasing prevalence of skin infections, such as psoriasis, atopic dermatitis, and eczema, coupled with the rising demand for eye and ear therapies is expected to drive the demand for transdermal or dermal medicines during the forecast period. For instance, in October 2021, AbbVie Inc. received FDA approval for Vuity, a pilocarpine HCl ophthalmic solution for treating presbyopia.

In addition, according to the NCBI, the prevalence of psoriasis is nearly 1.92% and 1.5% among European and North American populations. The launch of topical medicines to treat skin diseases is also anticipated to propel the demand for dermal drugs. For instance, in September 2020, Bausch Health, Canada launched a novel antipsoriatic agent, Duobrii lotion for psoriasis patients.Advancements in technology and increased acquisitions and mergers activities among key players, such as Alcon, Inc. and Novartis AG, are anticipated to boost the industry's growth. For instance, in June 2022, Novartis AG acquired Kedalion Therapeutics, thereby acquiring AcuStream technology to facilitate accurate dermal delivery of ophthalmic medicines.

Topical Drugs Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 100.92 billion
Revenue forecast in 2030	USD 217.79 billion
Growth rate	CAGR of 10.1% from 2022 to 2030
Base year for estimation	2021
Historical data	2018 - 2020
Forecast period	2022 - 2030

Moreover, in May 2022, Alcon Inc. acquired Eysuvis (loteprednol etabonate suspension) for topical ophthalmic use from Kala Pharmaceuticals, Inc., thereby adding to its existing portfolio of dry eye drugs.A high incidence of burn injuries is expected to render high utilization of topical medicines in treating burn injuries. For instance, according to the WHO, an estimated 11 million burn injuries occur annually worldwide, out of which about 180,000 cases are fatal. Various topical agents are used in treating burn injuries including silver sulfadiazine cream, bismuth-impregnated petroleum gauze, cerium nitrate, mafenide acetate, and nanocrystalline silver among others.

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Topical Drugs Market Report Highlights

• The semi-solid formulations segment dominated the market in 2021 owing to their high stability in atmospheric conditions and increased use of personalized drugs
• The dermal segment dominated the industry in 2021 due to the increased utilization of transdermal patches to reduce tobaccoconsumption
• The home care settings segment dominated the industry in 2021 due to the ease of administration among the geriatric population
• North America was the largest regional market in 2021 due to strategic initiatives and collaborations among key players for the development & launch of dermal products

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Topical Drugs Market Segmentation

Grand View Research has segmented the global topical drugs market based on type, route of administration, end-use, and region:

Topical Drugs Type Outlook (Revenue, USD Million, 2018 - 2030)

• Semi-solid formulations
  • Creams
  • Ointments
  • Lotions
  • Gel
  • Pastes
• Liquid Formulations
  • Suspensions
  • Solutions
• Solid Formulations
  • Powders
  • Suppositories
• Transdermal Products
  • Transdermal Patches
  • Transdermal Semi-solids

Topical Drugs Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Dermal Drug Delivery
• Ophthalmic Drug Delivery
• Rectal Drug Delivery
• Vaginal Drug Delivery
• Nasal Drug Delivery

Topical Drugs End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Home Care Settings
• Hospitals & Clinics
• Burn Centers
• Other Facilities

Topical Drugs Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Topical Drugs Market

• Bayer AG
• Cipla Inc.
• GSK Group of Companies
• Johnson & Johnson Private Ltd.
• Novartis AG
• Bausch Health Companies Inc.
• HisamitsuPharmaceuticals Co. Inc.
• Merck & Co. Inc.
• Glenmark Pharmaceuticals Ltd.
• MedPharm Ltd.

About Grand View Research

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

Europe Dog Dewormers Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Europe Dog Dewormers Market Growth & Trends

The Europe dog dewormers market size is expected to reach USD 864.18 million by 2030, expanding at a CAGR of 10.67% over the forecast period, according to a new report by Grand View Research, Inc. Rising canine population coupled with their ownership and growing expenditure on dogs are major drivers propelling the market growth. FEDIAF’s 2022 report indicated that Europe’s pet-owning households reached 90 million (i.e. 46%) in 2021, and among these households live approximately 92.9 million dogs. Furthermore, the European population spends around USD 24.5 Billion on pet-related services and products each year, according to European Pet Food Industry. Similarly, according to data published by N26 GmbH in October 2020, around USD 15.8 to USD 52.8 (EUR 15-50) per month is spent on dog insurance, depending on their breed.

Various government organizations in Europe were actively monitoring the impact of COVID-19 on veterinary medicines supply chains. As per FVE (Federation of Veterinarians of Europe) in July 2021, veterinary services for companion animals in the region have been highly impacted during the mid of 2020, as only emergency and urgent treatments were allowed as per the government regulations. However, veterinary businesses quickly recovered with the support of e-commerce sales channels and the implementation of enormous government initiatives to continue veterinary healthcare practices.

Europe Dog Dewormers Market Report Scope

Report Attribute	Details
The market size value in 2023	USD 424.90 million
The revenue forecast in 2030	USD 864.18 million
Growth rate	CAGR of 10.67% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

For instance, in March 2020, FVE stated that veterinary services in Europe are considered one of the most essential businesses and will be continuing despite the ongoing pandemic. Veterinarians, vet clinics, and key market players have implemented various strategies to revive their services. Countries like the U.K. and France, have shifted towards digital vet consultations for essential pet care and proceeding with the online supply of dog dewormer products.

The Europe dog dewormers industry is expected to grow notably in the coming years. This can be attributed to the well-established veterinary care infrastructure, a large dog population, and the local presence of key companies. According to the annual report of FEDIAF 2022 (the European Pet Food Industry), the countries like Russia, the U.K., Germany, Spain, France, and Italy were registered to have households owning more than 7 million dogs.

The market is reasonably competitive. The most notable participants in the market include Merck & Co., Inc., Boehringer Ingelheim International GmbH, Ceva, Sava Healthcare, Beaphar, and Bob Martin, among others. These players are involved in acquisitions, new product launches, collaborations, geographical expansions, and partnerships to gain a competitive edge over each other. In January 2021, Boehringer Ingelheim International GmbH announced marketing authorization approval in Europe for NexGard products, which are used as antiparasitics in dogs and cats. The approval was granted by European Medicines Agency (EMA) and European Commission.

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Europe Dog Dewormers Market Report Highlights

• Rising disposable income, growing adoption of pets, and rising pet expenditure are expected to fuel the market growth during the forecast period. The recent COVID-19 pandemic has increased the pet adoption rate significantly, owing to the rise in the average hours people spend in households. For instance, the U.K. witnessed an ever-rising pet adoption rate, leading to emptied shelters during the pandemic
• In terms of revenue, the veterinary clinics dominated the distribution channel segment with a share of around 38% in 2022 owing to the increasing number of veterinary clinic establishments and rising veterinarian employment
• The U.K. is anticipated to account for the largest market share of around 14% owing to the presence of major market players and the high dog population in the region
• Some key industry players include Elanco, Zoetis, Boehringer Ingelheim International GmbH, Virbac, and others

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Europe Dog Dewormers Market Segmentation

Grand View Research has segmented the Europe dog dewormers market based on distribution channel and country:

Europe Dog Dewormers Distribution Channel (Revenue, USD Million, 2018 - 2030)

• Veterinary Clinics
• Retail/Pet Stores
• E-Commerce

Europe Dog Dewormers Country Outlook (Revenue, USD Million, 2018 - 2030)

• Spain
• Germany
• Portugal
• Romania
• Slovakia
• Czech
• Hungary
• Poland
• Italy
• Ireland
• UK.
• France
• Denmark
• Sweden
• Norway
• Rest of Europe

List of Key Players in the Europe Dog Dewormers Market

• Merck & Co., Inc.
• Boehringer Ingelheim International GmbH
• Virbac
• Elanco
• Ceva
• Zoetis
• PetIQ, LLC
• Sava Healthcare Limited

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.

Fromage Frais And Quark Market to Reap Excessive Revenues By 2030

 Fromage Frais And Quark Market Growth & Trends

The global fromage frais and quark market size is estimated to reach USD 15.10 billion by 2030 and is expected to expand at a CAGR of 2.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The increasing consumption of cheese and dairy-based goods by consumers and the shift in consumer choice toward foods with lower fat and cholesterol for protein enrichment are projected to fuel a promising rise in the global market shortly.

The inherent nutritional benefits of quark, which have been shown to make it a superior substitute for yogurt, cheese, and other dairy products, are the main drivers for the expansion of the quark and fromage frais industry globally. The desire for healthy snacks with high protein and no added sugar as well as better product introductions by market players are driving the industry’s growth.

Fromage Frais and Quark Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 12.16 billion
Revenue forecast in 2030	USD 15.10 billion
Growth rate	CAGR of 2.7% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

Consumers are beginning to favor more healthful varieties of dairy-based goods as a result of their continually evolving lifestyles. The market for fromage frais and quark products is anticipated to increase as consumers seek out quick and healthy foods. This is expected to provide food producers and suppliers an opportunity to market items with high nutritional values.

Furthermore, the demand for quick-to-use, nutritious, and healthy goods is growing in the Asia Pacific area as a result of increased disposable incomes. For companies in the global market, emerging economies provide enormous prospects. The market is expanding as a result of rising consumer demand for healthy snacks that are high in protein and have no added sugar.

The COVID-19 disruption had a conflicting effect on the global economy, causing supply chain and logistical problems for some businesses. The COVID-19 pandemic significantly affected the supermarket/hypermarket sector since the relevant distribution routes were shut down around the world to impede the coronavirus's spread. However, the development of the worldwide market was aided by the surge in the use of online distribution channels, the rise in the consumption of healthy foods, and the spreading of awareness about general health.

The supermarket/hypermarket segment dominated the global market in 2021. Supermarkets and hypermarkets have emerged as an ideal distribution channel for fromage frais and quark due to their broad product selections and great brand awareness. Customers can browse several available alternatives through this distribution channel. The industry is also projected to witness growth soon as a result of retail space development and an increase in the number of supermarket outlets worldwide.

The growing retail industry in Europe and North America is expected to have a profound impact on the global market in near future. Europe captured a significant market share in 2021 owing to the increased popularity of traditional dairy products, growth in demand for nutritive food among young people, and rising health consciousness. According to the Defra Family Food Survey, European consumers have become aware of dairy product consumption, and milk & milk-based production is expected to rise in the coming years.

The rising consumption of fromage frais for bakery and confectionery purposes is expected to drive growth in the foreseeable future. According to our analysis, over the projected period, the demand would increase due to increased lactose intolerance instances and problems with toxic compounds used in the production of cheese and other dairy products.

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Fromage Frais And Quark Market Report Highlights

• Asia Pacific is estimated to register a CAGR of 3.4% from 2022 to 2030. This growth is mainly driven by expanding population across China, Japan, and India, and consumer inclination toward cheese alternatives
• North America is expected to showcase strong growth in the coming years driven by rising disposable income, consumer inclination toward low fat and cholesterol food products, and key initiatives taken by companies to promote their products on online and offline trade channels
• The online distribution channel is estimated to register a CAGR of 3.1% from 2022 to 2030. One of the main factors fueling the segment's growth is the increase in online platforms and important attempts taken by market participants to advertise and introduce new product lines online

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

Fromage Frais And Quark Market Segmentation

Grand View Research has segmented the global fromage frais and quark market based on distribution channel and region:

Fromage Frais And Quark Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Supermarkets/Hypermarkets
• Convenience Stores
• Online
• Others

Fromage Frais And Quark Regional Outlook (Revenue USD Million, 2017 - 2030)

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

List of Key Players in Fromage Frais And Quark Market

• Nestlé SA
• First Milk Limited
• Arla Foods
• Müller Group
• Barambah Organics Pty Ltd
• Lactalis 
• Savencia SA
• Tesco Plc.
• General Mills Inc.
• Frischli Milchwerke GmbH

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.

Reduced Salt Food Products Market Trends Regulations And Competitive Landscape Outlook to 2030

 Reduced Salt Food Products Market Growth & Trends

The global reduced salt food products market size was estimated to reach USD 495.1 billion in 2030, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc. The growing consumption of packaged foods that contain low content of sodium by consumers due to the increasing incidence of various chronic diseases, such as hypertension also commonly known as high blood pressure, is a primary factor expected to drive the industry growth over the forecast period. Moreover, the availability, accessibility, and production of low-sodium food products have been increasing, which is another key factor fueling the industry growth. The significance of healthy eating was emphasized by the COVID-19 pandemic, which positively impacted the industry.

Reduced Salt Food Products Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 329.5 billion
Revenue forecast in 2030	USD 495.1 billion
Growth Rate	CAGR of 5.1% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

The consumption of processed and packaged foods with a high amount of salt additives has decreased, which will also drive the industry. Hence, the pandemic had a positive impact on the global industry. The snacks segment accounted for the maximum revenue share in 2021 and is projected to expand at the fastest CAGR over the forecast period. The high consumption of snacks with low sodium content by health-conscious consumers is a key factor expected to contribute to the growth of the segment. Furthermore, the increasing demand for healthy snacks is expected to drive the industry’s growth.Asia Pacific accounted for the largest revenue share in 2021. The high prevalence of chronic disorders in the region leads to increased consumption of healthy foods, which is driving the region’s growth.

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Reduced Salt Food Products Market Report Highlights

• The growing working population and hectic lifestyles result in high demand for healthy packaged foods, which is boosting the product consumption
• Middle East & Africa is expected to register the fastest growth rate during the forecast period
• The high adoption of healthy eating habits by the targeted population due to the increasing cases of chronic diseases is expected to boost the industrygrowth in the region
• The online segment is anticipated to register the fastest CAGR during the forecast period
• The segment growth can be attributed to the rising preference for online channels as they provide several benefits including discountsand home delivery
• Key players are adopting various strategies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain higher shares in the global market

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Reduced Salt Food Products Market Segmentation

Grand View Research has segmented the global reduced salt food products market on the basis of type, distribution channel, and region:

Reduced Salt Food Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Snacks
• Meat, Poultry, & Seafood
• Others

Reduced Salt Food Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
• Online

Reduced Salt Food Products Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Reduced Salt Food Products Market

• General Mills, Inc.
• PepsiCo, Inc.
• Kellogg Company
• The Kraft Heinz Company
• Nestlé S.A.
• Conagra Brands, Inc.
• Tyson Foods, Inc.
• Hormel Foods Corp.
• Maple Leaf Foods, Inc.
• Smithfield Foods, 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.

Portable Dishwasher Market Size, Industry Share And Growth Analysis For 2022-2030: Grand View Research Inc.

 Portable Dishwasher Market Growth & Trends

The global portable dishwasher market size is expected to reach USD 7.31 billion by 2030, registering a CAGR of 4.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growing population along with increasing expenditure on home appliances is driving the industry. Furthermore, rising personal disposable income levels as well as affordable credit facilities are encouraging people to advance and design their living rooms and kitchens, thus boosting product demand. Growing remodeling activities across the globe are likely to provide long-term opportunities for the companies operating in the industry. Unlike many other industries, the COVID-19 pandemic has had a positive impact on the dishwasher business.

The demand for dishwashers increased for brands, such as LG Electronics Inc., Robert Bosch GmbH, and Voltas Beko, as a result of nationwide lockdowns and stay-at-home orders to curb the spread of the virus. Therefore, most companies have seen a growth in product demand. For instance, BSH Home Appliances, the largest appliance maker in Europe, reported thrice the usual demand for dishwashers during the COVID-19 outbreak. The online segment is likely to grow at the fastest CAGR over the forecast period. Customers are demanding various choices, a good online experience, easy payment options, and an easy return policy. Online retail shows that new all-time highs are being recorded by large kitchen appliances.

Portable Dishwasher Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 4.97 billion
Revenue forecast in 2030	USD 7.31 billion
Growth rate	CAGR of 4.9% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

Around 31% of major appliances are sold online. The consumer-oriented e-commerce facilities with a well-organized delivery solution are a key factor set to increase the market growth. Asia Pacific is expected to grow at the highest CAGR over the forecast period. China was the major country in the region, in terms of market share, in 2021. The dishwasher offers effective cleaning to commercial kitchens and household kitchens and therefore has become popular in emerging countries of Asia Pacific. Moreover, the growth of the market is also attributed to the strengthening position of domestic as well as global players with various geographical expansions and new product launches. Major players are developing compact as well as more efficient products to address the increasing demand for small, easy-to-carry, and efficient equipment. Many manufacturers are also increasing their investments to innovate value-added and innovative equipment.

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Portable Dishwasher Market Report Highlights

• North America dominated the industry in 2021 due to the increasing implementation of kitchen appliances and the rising population in the region
• The economy price range segment is likely to dominate the industry over the forecast period. Economy pricing is built on a low-cost method
• Moreover, it helps businesses to endure in times of economic uncertainty by permitting them to establish lower pricing that appeals to consumers who are economically pressured
• The offline distribution channel segment generated the maximum revenue share in 2021 due to the advantages, such as festive & seasonal offers and low & discounted prices, offered by the retail shops
• The residential end-use segment will register the fastest CAGR over the forecast period due to the increasing relevance of kitchen revamping or renovation in response to changing lifestyles, customer inclinations toward smart accessories, and rapid urbanization

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Portable Dishwasher Market Segmentation

Grand View Research has segmented the global portable dishwasher market based on price range, distribution channel, end-use, and region:

Portable Dishwasher Price Range Outlook (Revenue, USD Million, 2017 - 2030)

• Economy
• Mid-range
• Luxury

Portable Dishwasher Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

Portable Dishwasher End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Residential

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

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

List of Key Players in Portable Dishwasher Market

• AB Electrolux
• Asko Appliances AB
• Danby Products Inc.
• Haier Group Corp.
• Havells India Ltd.
• LG Electronics Inc.
• Panasonic Holdings Corp.
• Samsung Electronics Co. Ltd.
• Smeg SpA
• Whirlpool Corp.

About Grand View Research

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

Rapid Tests Market Size Projected to Rise Lucratively during 2023 to 2030: Grand View Research Inc.

 Rapid Tests Market Growth & Trends

The global rapid tests market size is expected to reach USD 2.50 billion by 2030, registering a CAGR of 8.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increase in aging population, rising prevalence of target diseases, and growing demand for point of care facilities are the key factors driving the rapid diagnostics space growth. In addition, the launch of technologically advanced products is further boosting this space.

Rapid diagnostics play an important role in disease testing by rendering quick and effective results. The growing prevalence of infectious diseases like sepsis and respiratory diseases, such as tuberculosis and influenza, is expected to drive the market during the forecast period. According to WHO, tuberculosis is among the top 10 causes of death globally; about 10.0 million new cases of tuberculosis were recorded in 2021, accounting for approximately 1.4 million deaths.

Rapid Tests Market Report Scope 

Report Attribute	Details
Market size value in 2023	USD 1.40 billion
Revenue forecast in 2030	USD 2.50 billion
Growth Rate	CAGR of 8.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

Moreover, as per World Health Organization (WHO), around 50.0 million people are estimated to be affected by sepsis every year. Furthermore, the rise in drug-resistant infections is another impact-rendering driver of market growth. Therefore, the rising burden of such diseases is increasing the demand for diagnostics and fueling the rapid tests market.

The space is witnessing rapid technological advancements to obtain low-cost, improved accuracy, and highly portable products. Companies such as Roche Diagnostics and Abbott Laboratories have introduced portable products that are user-friendly and therefore can be easily adopted by patients. Moreover, innovative product launches in the market are also due to the rising number of R&D and partnership programs by industry players.

For instance, in April 2021, Chembio Diagnostics, Inc. introduced a rapid point-of-care COVID-19/Flu A&B test in the U.S. market. This product is approved for laboratory use along with a CLIA-waived license, which is suitable for differentiating between influenza and COVID-19 in a shorter turnaround time in traditional & decentralized settings.

Key market players are strategically taking initiatives such as launching novel products, facility expansions, and mergers and acquisitions, which are further driving the rapid diagnostics space growth. For instance, in July 2022, Cytovale announced 510(k) pending for its rapid sepsis risk stratification test, IntelliSep, which can produce results in 10 minutes. Moreover, in April 2022, bioMérieux announced the acquisition of Specific Diagnostics. Through this acquisition, bioMérieux is expected to gain the advantage of Specific Diagnostics’ rapid Antimicrobial Susceptibility Test (AST) system.

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Rapid Tests Market Report Highlights

• By product, the consumables segment dominated the market in 2022, with a revenue share of 68.08%. Growing demand for the testing of upper respiratory diseases and commercialization of a number of PoC assays are some of the key factors driving the segment
• In 2022, immunoassay dominated the space with a 52.45% share in the technology segment. Immunoassays typically have high product penetration as they offer higher testing efficacy and accuracy. However, the molecular diagnostics segment is expected to witness the fastest growth during the forecast period
• In 2022, by application, the upper respiratory tract infections segment dominated the space, due to the increase in product approvals and high incidences of infectious diseases that affect the lungs. However, the antibiotic-resistant infections segment is expected to exhibit the fastest growth during the forecast period
• Based on end-use, hospitals and clinics are well-established segments that have contributed significantly to revenue in 2022. However, the at-home setting is a lucrative segment owing to the cost-effectiveness and comfort level of POCT provided to patients at home
• By region, North America had the highest revenue share in the global rapid tests market in 2022. However, Asia Pacific is expected to be the fastest-growing region during the forecast period

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

Rapid Tests Market Segmentation

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

Rapid Tests Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments
• Consumables
• Others

Rapid Tests Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Immunoassay
• Molecular Diagnostics
• Other Technologies

Rapid Tests Application Outlook (Revenue, USD Million, 2018 - 2030)

• Upper Respiratory Tract Infections
  • Influenza And Para Influenza Virus
  • Streptococcus
  • Respiratory Syncytial Virus
• Antibiotic Resistant Infections
• Sepsis
  • Bacterial Sepsis
  • Fungal Sepsis
  • Others

Rapid Tests End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics
• Laboratories
• At-home Testing And Others

Rapid Tests Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Rapid Tests Market

• BD (Becton, Dickinson and Company)
• bioMérieux SA
• Thermo Fisher Scientific, Inc.
• Hoffmann-La Roche Ltd.
• Danaher Corporation
• DiaSorin S.P.A
• Abbott

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.

Cosmetics Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 Cosmetics Market Growth & Trends 

The global cosmetics market size is expected to reach USD 363.80 billion by 2030, expanding at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The aging population globally, along with increased spending on beauty items like skin creams, lotions, hair color, and others, are the main growth drivers in the industry. Additionally, the market is expected to benefit significantly from significant product innovations made by the leading competitors. For instance, L'Oréal SA, a significant player in the cosmetics sector, introduced several cosmetic goods, including long-lasting, natural-ingredient skin creams, lotions, and hair colors.

Due to increased hair loss and scalp issues among both men and women worldwide, the hair care industry is expanding as a result of increased product use. Also, during the projected period, the growing demand for organic haircare products, such as shampoo and hair colors, will support market expansion. Also, the increased use of hair care products around the world is a result of the availability of safer, more sophisticated, and more effective hair care products.

Cosmetics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 272.43 billion
Revenue forecast in 2030	USD 363.80 billion
Growth rate	CAGR of 4.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

The women segment is estimated to contribute more to the global cosmetics industry. The significant demand for personal beauty products such as skincare, and hair care cosmetics among the global female population is one of the major factors that contributed to the growth of the market. In addition, high expenditure by women on personal and beauty products as compared to men is further expected to support the market during the forecast period.

The online distribution channel is expected to grow more quickly during the forecast period. One of the key drivers of the market's expansion is the increased collaborations between producers of cosmetic products and online retailers. Also, the rapidly growing trend of young people browsing for personal care products on online portals fuels market expansion. The segment expansion can be attributed to changing preferences of consumers brought on by ease, efficiency, responsiveness, and price. Also, the Covid-19 epidemic has prompted numerous manufacturers and vendors to embrace an online sales model, which is anticipated to fuel the segment's growth throughout the projected period.

The key players in U.S. are significantly contributing to the growth of market revenue. The presence of well-established brands such as Coty Inc; Estée Lauder Companies Inc.; Revlon, Inc.; Avon Products Inc, and other manufacturers is one of the driving factors for market growth. Additionally, the participation of various celebrities and the growing trend toward celebrity endorsement for cosmetics products is another factor that drives the market in the region. Moreover, the significant trend of personalizing skincare and hair care products further contributes to the market growth.

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Cosmetics Market Report Highlights

• Asia Pacific region dominated the cosmetics industry with a share of 50.3% in 2022. The presence of well-established and premium cosmetic product manufacturers is one of the supportive factors for the significant market share
• The haircare segment is expected to grow at the highest CAGR of 3.4% from 2023 to 2030. The growing demand for hair care solutions owing to hair fall and hair scalp problems across the globe contributes to the segmental growth
• The online distribution channel is expected to register faster growth at a CAGR of 3.7% from 2023 to 2030. The growing preference for online shopping portals for purchasing beauty care products among the young population across the globe is the key factor that propels the market growth

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

Cosmetics Market Segmentation

For the purpose of this report, Grand View Research has segmented the global cosmetics market based on product, end-user, distribution channel, and region:

Cosmetics Product Outlook (Revenue, USD Million, 2017 - 2030)

• Skin Care
• Hair Care
• Makeup
• Fragrance
• Others

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

• Men
• Women

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

• Offline
• Online

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

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

List of Key Players in Cosmetics Market

• Coty Inc.
• L'Oréal S.A.
• Estée Lauder Companies Inc.
• Revlon, Inc.
• Avon Products Inc.
• Unilever PLC
• Shiseido Company, Limited
• Godrej
• Procter & Gamble
• Beiersdorf AG
• Henkel AG & Co. KGaA
• Kao Corp.
• Hoyu Co., Ltd.

About Grand View Research

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

Large Molecule Drug Substance CDMO Market to Register Stable Expansion During 2023 – 2030: Grand View Research Inc.

 

Large Molecule Drug Substance CDMO Market Growth & Trends

The global large molecule drug substance CDMO market size is expected to reach USD 22.1 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.3% from 2023 to 2030. Rising incidence of infectious diseases and high demand for novel therapeutics are the key factors driving the market.

Contract manufacturing is one of the major steps in large molecule production and accounts for a sizable portion of the large molecule drug substance market. The mode of manufacturing is an important factor to consider because it represents the sector's outsourcing and in-house activities. Companies are now choosing to outsource services due to high costs and delays in time. This has resulted in a greater proportion of large molecules being outsourced by the firms. A contract development and manufacturing organization (CDMO) is a company that provides a comprehensive range of services to the pharmaceutical industry from drug development to manufacturing. CDMOs provide critical services by incorporating third-party projects and offering their knowledge, development, and manufacturing capabilities.

Large Molecule Drug Substance CDMO Market Report Scope

Report Attribute	Details
Market Size value in 2023	USD 11.9 billion
Revenue forecast in 2030	USD 22.1 billion
Growth rate	CAGR of 9.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

Prior to the COVID-19 pandemic, large molecule drug investment was increasing as it offers a plethora of new treatment options. The valuation of biologics became clearer during the race to develop therapeutics and vaccines against the SARS-CoV-2 virus. The demand for both high-volume and high-quality CGMP drug substance and drug product manufacturing services has risen dramatically, particularly for CDMOs capable of providing a wide range of COVID vaccine technologies and, to a lesser extent, therapeutic monoclonal antibody products.

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Large Molecule Drug Substance CDMO Market Report Highlights

• The contract manufacturing service segment dominated the market with a revenue share of over 65.0% in 2022
• Based on source, the mammalian segment accounted for the largest share of over 55.0% in 2022. This category will expand as more complex biologics, such as bi- and tri-specific antibodies, and antibody–drug conjugates are evolved
• Based on end-user, the biotech companies segment accounted for the largest share of over 40.0% in 2022. Rising R&D investment by the firms for large molecules drives the market
• Asia Pacific is projected to register the fastest CAGR of 10.4% during the forecast period. The large patient base, lower overall costs, skilled workforce, and changes in the regulatory scenario are the key factors driving the market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-large-molecule-drug-substance-cdmo-market

Large Molecule Drug Substance CDMO Market Segmentation

Grand View Research has segmented the global large molecule drug substance CDMO market on the basis of service, source, end-user, and region:

Large Molecule Drug Substance CDMO Service Outlook (Revenue, USD Million, 2018 - 2030)

• Contract Manufacturing
  • Clinical
  • Commercial
• Contract Development
  • Cell Line Development
  • Process Development

Large Molecule Drug Substance CDMO Source Outlook (Revenue, USD Million, 2018 - 2030)

• Mammalian
• Microbial
• Others

Large Molecule Drug Substance CDMO End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Biotech Companies
• CRO
• Others

Large Molecule Drug Substance CDMO Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Large Molecule Drug Substance CDMO Market

• Eurofins Scientific 
• WuXi Biologics
• Samsung Biologics
• Catalent, Inc.
• Rentschler Biopharma SE
• AGC Biologics
• Recipharm AB
• Siegfried Holding AG
• Boehringer Ingelheim
• FUJIFILM Diosynth Biotechnologies

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.