Attention Deficit Hyperactivity Disorder Market Projected to Register 4.2% CAGR through 2030: Grand View Research Inc.

 

Attention Deficit Hyperactivity Disorder Market Growth & Trends

The global attention deficit hyperactivity disorder market size is expected to reach USD 18.69 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2023 to 2030. The presence of a strong product pipeline for the treatment of ADHD and their subsequent approval is expected to boost the market growth. Some late-stage pipeline products are NRCT-101 developed by Neurocentria, Inc., SPN-812 by Supernus Pharmaceuticals, Inc., and EB-1020 by Otsuka America Pharmaceutical, Inc.

Several initiatives undertaken by government bodies regarding early diagnosis and treatment of ADHD are likely to support the market growth. In January 2021, the Australian Government included Vyvanse under its Pharmaceutical Benefits Scheme (PBS) for the treatment of adult patients with ADHD. This inclusion makes the availability of Vyvanse at a subsidized rate to patients and more than 20,000 patients received a comparable treatment for the disease at low cost and benefits. Without PBS subsidy, the patients had to pay more than USD 1,200 per person annually for their treatment. After the inclusion in PBS, they will receive the treatment at USD 41.30 per script. Such initiatives are also expected to drive market growth.

Increasing awareness about ADHD among patients, physicians, and other healthcare providers may increase the demand for diagnosis and treatment which in turn propel the growth of the attention deficit hyperactivity disorder market. The Attention Deficit Hyperactivity Disorder Coaches Organization (ACO) celebrates October as the ADHD awareness month intending to raise awareness, generate funding for R&D, and educate people about disorders. This initiative may boost early diagnosis, thereby, increasing product penetration.

However, the risk of comorbidity with other psychiatric disorders is high among children with ADHD, often making diagnosis and treatment of the disorder complex. A research study published by the Lundbeck Foundation in 2021 showed that ADHD patients with other psychiatric comorbid conditions were more likely to avoid taking medicines. Some of the comorbid conditions that typically occur in ADHD pediatric patients are depression, anxiety, bipolar disorder, learning disorder, early speech/communication problems, and oppositional defiant disorder.

Furthermore, the shortage of stimulants to treat ADHD has forced patients to pay for expensive branded medication and create scope for substitute therapies, such as behavioral therapy, which will negatively impact the demand for ADHD pharmacological therapies. Strict regulations are implemented by regulatory bodies, such as the U.S. Drug Enforcement Administration (DEA), which limit the production of ADHD drugs to avoid misuse or abuse. Amid an increase in demand, this can create a shortage of medical products, consequently increasing the cost of treatments and restraining market growth. Thus, the shortage of medicines may impede the market growth.

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Attention Deficit Hyperactivity Disorder Market Report Highlights

• By drug type, the stimulants segment accounted for the largest share of the market in 2022 due to the high demand for these medicines and the management of symptoms, government support for the use of stimulants drugs, and continuing clinical trials regarding attention deficit hyperactive disorder
• Based on demographics, the adults segment dominated the attention-deficit hyperactivity disorder market in 2022 owing to the large target population base and high risk of developing the attention-deficit hyperactive disorder. According to ADD Health and Wellness Centers, Inc. the disorder affects approximately 4-5% of the adult population
• Retail pharmacy segment dominated the attention-deficit hyperactivity disorder market in 2022 and is anticipated to witness the fastest growth over the forecast period. This can be attributed to the wide availability of attention deficit hyperactivity disorder drugs at retail pharmacies and their ease of accessibility to patients
• North America dominated the global market in 2022 owing to factors such as high awareness among healthcare professionals about drugs available for treatment and the rise in disease prevalence. According to the Center for ADHD Awareness Canada (CADDAC), more than 1.5 million people are affected by the disease in Canada
• Asia Pacific is expected to be the fastest-growing region during the forecast period to increasing ADHD prevalence and treatment demand in the region. For instance, ADHD is one of the most common neurodevelopment diseases with approximately 8.2% of children and 11% of boys diagnosed in Australia

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Attention Deficit Hyperactivity Disorder Market Segmentation

Grand View Research has segmented the global attention deficit hyperactivity disorder market based on, drug type, demographics, distribution channel, and region:

ADHD Drug Type Outlook (Revenue, USD Million, 2018 - 2030)

• Stimulants
  • Amphetamine
  • Methylphenidate
  • Lisdexamfetamine
  • Dexmethylphenidate
• Non-stimulants
  • Atomoxetine
  • Guanfacine
  • Clonidine
  • Others

ADHD Demographics Outlook (Revenue, USD Million, 2018 - 2030)

• Children (2 to 17 years of age)
• Adults

ADHD Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail Pharmacy
• Hospital Pharmacy

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

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

List of Key Players in Attention Deficit Hyperactivity Disorder Market

• Eli Lilly and Company.
• Pfizer Inc.
• Johnson & Johnson Services Inc.
• Lupin
• Novartis AG
• Takeda Pharmaceutical Company Limited
• Mallinckrodt Inc.
• Purdue Pharma LP
• NEOS Therapeutics Inc.
• Supernus Pharmaceutical, 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.

Satellite Internet Market to Exhibit Impressive Growth During 2023– 2030: Grand View Research Inc.

 Satellite Internet Market Growth & Trends

The global Satellite Internet Market size is expected to reach USD 22,571.58 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.6% from 2022 to 2030. Satellite internet is a wireless network that provides access to satellite dishes both in space and on earth. It connects people in remote regions worldwide and provides access to a global information network. Satellite internet is accessed through high-speed network connectivity supplied by Earth-circling satellites. It is faster than a regular internet connection and distinguishes itself from land-based internet services such as digital subscriber line (DSL) and cable. Satellite communication provides a land-based interface for accessing audio, video, and information from anywhere on Earth.

One of the significant advantages of satellite internet for businesses is the ability to transmit a link at many megabits per second over a remote location. However, a private and secure connection can join many remote locations spread over a wide area. In rural areas, demand for satellite internet is rising due to the lack of other broadband internet choices. Additionally, satellite internet can provide access to the web in remote areas where it is challenging to get broadband, such as deserts and mountains, which increases the demand for satellite internet in these areas. Furthermore, internet users can now get better speed and bandwidth owing to advancements in satellite internet technology. As a result, these services are quickly adopted in emerging economies such as India, Brazil, the Philippines, Malaysia, and more fueling the market's expansion.

The rise in government programs for the uptake of advanced satellite internet services to develop a digitized economy and to provide enhanced public safety & security drives the market's growth. Furthermore, several governments are significantly funding satellite internet companies to provide broadband services to rural populations across emerging countries, boosting market growth. For instance, In October 2022 U.K. government invested USD 14.62 million in U.K. businesses to enhance satellite communications technology. Advanced Research in Telecommunications Services (ARTES) and European Space Agency (ESA) fund this investment. This investment is focused on developing new satellite configurations and terrestrial infrastructure or providing internet services to customers.

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Satellite Market Report Highlights

• The key factors driving the growth of the Satellite Internet Market globally include a surge in the adoption of satellite services in government and military and growing adoption of satellite internet for connectivity in rural areas
• The frequency band comprises L-band, C-band, K-Bband, and X-band. The K-band segment dominates the Satellite Internet Market, gaining a share of more than 41% in 2022 and witnessing a CAGR of 16.0% during the forecast period. The K-band frequency is utilized in defense, broadcasting, and security radar systems. K-band monolithic microwave integrated circuit (MMIC) is an emerging technology that enables the implementation of K-band low-noise and amplifiers with reduced costs, ease of large-scale production, and high durability which further drives its adoption in the forecasted period
• The government and public segment are expected to dominate in 2021, gaining a market share of more than 19%. It is expected to grow at 12.6% CAGR throughout the forecast period owing to increasing government initiatives across the globe to provide internet connectivity in remote locations
• North America led the overall market in 2021, with highest market share of over 32%. It is expected to grow at a CAGR of 13.1% throughout the forecast period. The growth is due to the rise in government initiatives to deploy satellite technology in various parts of North America. The population of developed countries such as the U.S. and Canada is highly tech-savvy and requires fast & better internet connectivity. This elevates the demand for high-speed internet, which should foster regional market growth
• To increase their product offering, companies utilize a variety of inorganic growth tactics, such as partnerships, mergers, and acquisitions. For instance, In October 2022, Axess announced a partnership with Viasat. Viasat's maritime operations will be able to reach a wider global audience owing to its strategic relationship with AXESS Maritime, which will provide a variety of solutions and services. AXESS Maritime offers regional and international networks and provides the complete rotation from network infrastructure, deployment, implementation, ship monitoring, and round-the-clock global NOC support

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Satellite Internet Market Segmentation

Grand View Research has segmented the global Satellite Internet Market based on frequency band, industry, and region:

Satellite Internet Frequency Band Outlook (Revenue, USD Million, 2017 - 2030)

• L-band
• C-band
• K-band
• X-band

Satellite Internet Industry Outlook (Revenue, USD Million, 2017 - 2030)

• Energy & Utility
• Government & Public Sector
• Transport & Cargo
• Maritime
• Military
• Corporates/Enterprises
• Media & Broadcasting
• Others

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

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

List of Key Players in Satellite Internet Market

• Singtel Group
• Freedomsat
• EchoStar Corporation      
• Thuraya Telecommunications Company
• Eutelsat Communications SA
• net
• SpaceX
• Viasat, Inc.
• Axess
• DSL Telecom

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.

Global Diagnostic Enzymes Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 Diagnostic Enzymes Market Growth & Trends

The global diagnostic enzymes market size is expected to reach USD 6.26 billion by 2030, registering a CAGR of 3.97% during the forecast period, according to a new report by Grand View Research, Inc.Growth of the diagnostic enzymes market is attributed to rising demand for the enzymes in diagnostics with wide applications in pathology. Moreover, advancements in diagnostic techniques for viral infection are anticipated to propel the market growth.

Diagnostic enzymes are widely adopted owing to the higher sensitivity and accuracy offered by enzyme activity. The enzyme activities can be earlier than clinical signs and other diagnostic indicators. Biosensors are becoming a popular potential tool for medical diagnostics, pathogen detection, and monitoring. Biosensors have gained popularity owing to the accuracy, sensitivity, selectivity, and rapid detection strategies that can be used routinely. Diagnosis of serum levels of the enzymes has been used as an indicator of the cellular damage that results in the release of the intercellular components into the bloodstream.

Viral infections of the respiratory tract are among the most common disorders in humans, and the ones caused due to the outbreak of emerging viruses, such as COVID-19, have posed a threat to public health. Therefore, detection of the viral pathogens is vital to stop the occurrence of such epidemics and prevent the unnecessary use of antibiotics. Therefore, novel diagnostic strategies have been adopted by the key players. LightMix (Roche Molecular Diagnostics, Switzerland), AccuPower (Bioneer, Korea), PowerChek (Kogene Biotech, Korea), Anyplex (Seegene, Korea), UltraFast kits (Nanobiosys, Korea), and DiaPlexQ (SolGent, Korea) are some of the commercially available RT-PCR kits for MERS-CoV RNA detection with sensitivities as high as 99.03%.

An increase in the number of diagnostic enzyme tests has led to a boost in recommendations and guidelines with a number of publications on their performance. Moreover, reimbursement pathways lack clear guidelines and systematic Health Technology Assessment (HTA). Various factors influencing payer decisions for diagnostic enzyme tests include FDA clearance, physician support & clinical guidelines, competitor coverage policies, cost/benefit analyses, results of HTAs, and employer or advocacy group demands.

Furthermore, key players operating in the market are focusing on expanding and launching products that can be used for a wide range of applications. For instance, in March 2022, Meridian Bioscience, Inc. launched two master mixes, which can be used in non-invasive liquid biopsy. The launch of such breakthrough technologies enables better analysis of the performance levels as compared to traditional qPCR from the purified nucleic acid.

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Diagnostic Enzymes Market Report Highlights

• In 2021, the glucose oxidase/glucose dehydrogenase enzyme segment held a dominant share in the market owing to the presence of an abundance of enzymes in living organisms
• The oncology segment is projected to grow at the fastest rate during the forecast period owing to the increasing prevalence of cancer among the population
• The clinical segment is the highest revenue-generating segment in 2021 owing to the increased focus on R&D
• The diagnostic enzyme market is witnessing change owing to the presence of key market players focusing on product launches and geographic expansion to maintain their position in the market
• Asia Pacific is expected to witness the fastest growth during the forecast period owing to the improved manufacturing facilities and the presence of the target population

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Diagnostic Enzymes Market Segmentation

Grand View Research has segmented the global diagnostic enzymes market based on the type, application, product type, and region:

Diagnostic Enzymes Type Outlook (Revenue, USD Million, 2018 - 2030)

• Taq Polymerase
• MMLV RT
• HIV RT
• Hot start Taq Polymerase
• UNG
• RNase Inhibitors
• Bst Polymerase
• PCR Master Mix
• Lyophilized Polymerase
• T7 RNA Polymerase
• Cas9 Enzyme
• Acid Phosphatase
• Alanine Aminotransferase
• Amylase
• Angiotensin Converting Enzyme
• Aspartate Aminotransferase
• Cholinesterase
• Creatinine kinase
• Gamma Glutamyl Transferase
• Lactate Dehydrogenase
• Renin
• Glucose Oxidase/Glucose Dehydrogenase
• Urease
• Lactate Oxidase
• Horseradish Peroxide
• Glutamate Oxidase
• Others

Diagnostic Enzymes Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diabetes
• Oncology
• Cardiology
• Infectious Diseases
• Nephrology
• Autoimmune Diseases
• Others

Diagnostic Enzymes Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Molecular Enzymes
• Clinical Enzymes

Diagnostic Enzymes Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Rest of World
  • Brazil
  • South Africa

List of Key Players in Global Diagnostic Enzymes Market

• Takara Bio, Inc.
• Promega Corporation
• Enzo Life Sciences, Inc.
• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Creative Enzyme
• Hoffmann-La Roche Ltd.
• Solis BioDyne.
• Ambliqon A/S.

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.

Acrylonitrile Butadiene Styrene Market Projected To Be Worth USD 31.20 Billion By 2030: Grand View Research Inc.

 Acrylonitrile Butadiene Styrene Market Growth & Trends

The global acrylonitrile butadiene styrene market size is expected to reach USD 31.20 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2022 to 2030. The growing need for lightweight materials used in the automotive industry in various applications such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear is expected to drive the demand for acrylonitrile butadiene styrene (ABS). The superior characteristics of acrylonitrile butadiene styrene make it highly compatible with metals, adhesives, rubber, and coatings, which increases its preference over other products. Increasing production of acrylonitrile butadiene styrene is the key factor behind the growth of this market.

The revision of the regulatory framework associated with the acrylonitrile butadiene styrene industry is expected to increase the efficacy, safety, and performance standards of ABS-based medical products. As a result, the demand for superior-quality acrylonitrile butadiene styrene is expected to grow in Europe in the coming years. The market for acrylonitrile butadiene styrene in the region is highly regulated, with stringent regulations applied for the manufacturing of acrylonitrile butadiene styrene by the World Health Organization (WHO).

ABS can be easily processed via injection molding as well as recycled. It has good resistance against corrosive chemicals and physical impact. However, ABS is not used in high-heat situations due to its low melting point. ABS compounds are commonly used in electrical and electronics and consumer goods applications and are gaining acceptance owing to high strength, rigidity, and dimensional stability. The product offers resistance against impact and heat coupled with toughness.

The electrical and electronics segment is the leading application of ABS compounds. However, the appliances and automotive application segments are expected to provide maximum growth opportunities for the ABS market. The product is used in shavers, vacuum cleaners, food processors, and refrigerator liners, and its usage is expected to rise considering the increased production of lightweight passenger cars. Among recent developments, ABS is used in 3D printing as ABS parts can be easily sourced globally.

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Acrylonitrile Butadiene Styrene Market Report Highlights

• In terms of revenue, the opaque type accounted for the largest share in 2021 and is expected to witness significant growth over the forecast period
• The appliances application segment dominated the market and accounted for more than 25.0% share in 2021 based on revenue. The rising demand for electronic appliances, such as washing machines, dryers, and microwave ovens, coupled with increasing consumer spending on appliances, is expected to boost the demand for acrylonitrile butadiene styrene in the appliances industry
• As of 2021, Asia Pacific accounted for the largest share of more than 30.0% in terms of revenue. The presence of a top manufacturing base and increased automotive expenditure in China, Japan, and India is expected to provide further impetus to the regional market growth
• Major players are continuously working on developing their manufacturing plants owing to the increased usage of acrylonitrile butadiene styrene in the healthcare industry. For instance, in March 2022, CHIMEI Corporation, Neste, Idemitsu Kosan, and Mitsubishi Corporation signed a deal to develop a renewable plastics supply chain for the production of styrene monomer and its renewable plastics by-product including acrylonitrile butadiene styrene. The production in Japan and Taiwan is scheduled to begin in the first half of 2023

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Acrylonitrile Butadiene Styrene Market Segmentation

Grand View Research has segmented the global acrylonitrile butadiene styrene market based on type, application, and region:

Acrylonitrile Butadiene Styrene Type Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• Opaque
• Transparent
• Colored

Acrylonitrile Butadiene Styrene Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• Appliances
• Electrical and Electronics
• Automotive
• Consumer Goods
• Construction
• Others

Acrylonitrile Butadiene Styrene Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

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

List of Key Players of Acrylonitrile Butadiene Styrene Market

• LG Chemicals
• Asahi Kasei Corporation
• CHIMEI
• Formosa Plastics Corporation
• KUMHO PETROCHEMICAL
• SABIC
• Trinseo
• INEOS Styrolution Group GmbH
• BASF SE
• DuPont

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.

Digital X-ray Devices Market to Reflect Robust Expansion During 2023-2030: Grand View Research Inc.

 Digital X-ray Devices Market Growth & Trends

The global digital X-ray devices market size is anticipated to reach USD 4.5 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.0% during the forecast period. Factors, such as the increasing prevalence of chronic disorders, rapid technological advancements, and increasing patient understanding of early diagnostic techniques, are all augmenting the industry's growth. The lightweight, wireless, and robust cassette-sized detector used in DR technology, which can transform analog X-rays into complete digital radiography solutions, makes it an effective technology. With the use of this technology, digital X-ray images are produced, which eliminates the need for film or Computed Radiography (CR) plates.

In addition, compared to its digital counterpart, film-based traditional radiography requires more manpower, and even the consumables utilized are more expensive. Chronic diseases, such as cancer, cardiovascular, COPD, CKD, and diabetes, are the major causes of death among adults in developing as well as developed countries. According to the WHO, chronic disorders account for about 41 million deaths globally, which is equivalent to 74% of all fatalities worldwide. Digital X-ray technology helps in the early intervention of such disorders, thus boosting its demand. Moreover, compared to traditional X-rays, this technology provides a number of benefits including 70% less radiation, better image quality, and less acquisition time.

Rapid technological advancements, such as the integration of Artificial Intelligence (AI), reduced X-ray dosage exposure, and high-resolution imaging is also expected to accelerate industry growth. For instance, in October 2021, Samsung partnered with VUNO, a South Korean AI medical software firm, to integrate VUNO’s AI-assisted solutions into Samsung’s digital radiography system. The key industry players are implementing various strategies including mergers & acquisitions, partnerships, collaborations, and expansions to gain higher market shares. For instance, in April 2022, Samsung introduced the GM85 Fit, a mobile digital radiography device. This system is anticipated to support effective and efficient patient care.

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Digital X-ray Devices Market Report Highlights

• Based on portability, the fixed digital X-ray segment accounted for the largest revenue share in 2022 owing to the introduction of technologically advanced devices
• The mobile digital X-ray segment is expected to register the fastest CAGR during the forecast period
• The general imaging segment held the largest revenue share in 2022 due to the growing adoption of X-ray devices for general imaging
• The diagnostic imaging centers segment is expected to grow at the fastest CAGR over the forecast period owing to its numerous advantages over hospitals
• Asia Pacific has been estimated to be the fastest-growing region due to the presence of a large pool of patients, increasing healthcare awareness, and rising government funding for R&D & upcoming research projects

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Digital X-ray Devices Market Segmentation

Grand View Research has segmented the global digital X-ray devices market on the basis of portability, application, end-use, and region:

Digital X-ray Devices Portability Outlook (Revenue, USD Million, 2018 - 2030)

• Fixed
• Mobile

Digital X-ray Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• General Imaging
• Orthopedic
• Dental
• Mammography

Digital X-ray Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Diagnostic Imaging Centers
• Dental Care Centers

Digital X-ray Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Digital X-ray Devices Market

• GE Healthcare
• Siemens Healthineers AG
• Philips Healthcare
• Canon Medical Systems Corp.
• Carestream Health
• Fujifilm
• Mindray Medical International
• Shimadzu International
• Samsung Medison
• Boston Imaging

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.

Pasta and Noodles Market is Projected To Grow Moderately at 3.5% CAGR through 2030: Grand View Research Inc.

 

Pasta And Noodles Market Growth & Trends

The global pasta and noodles market size is expected to reach USD 109.52 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a 3.5% CAGR from 2023 to 2030. The demand for ready-to-cook products is propelled by the rising adoption of western and international cuisines across the globe on the back of the growing demand for convenient food products. The presence of healthier options such as rice mixes with superfoods and nutrient-dense ingredients with a shift towards higher protein and higher fiber intake in pasta and noodles will contribute to growth.

Increasing inclination toward healthy eating is driving the demand for gluten-free, fat-free, and vegan pasta and noodles. Growing consumer interest in ethnic cuisines is driving innovation in the category, with wider availability on the shelves of ethnic references, such as exotic rice and noodles, which are proving popular among consumers across the globe, particularly in China and the U.S. The trend towards premium references has created growth in global sales as consumers seek to experiment with flavors and high-quality ingredients in pasta and noodles.

The instant pasta and noodles segment accounted for a significant share of the global revenue pie for 2021 and is expected to maintain dominance over the forecast period. An increasing global workforce and consumers with busier lifestyles are driving demand for convenient options, such as chilled pasta and instant noodles, which save time in meal preparation. Nowadays, consumers shopping more frequently, buying less per trip is expected to boost sales of instant pasta and noodles.

The offline channel contributed a majority of the share to become the largest division in the global revenue in 2021. The offline stores including supermarkets, hypermarkets, grocery stores, and convenience stores provide dedicated shelf spaces that offer different varieties of pasta and noodles. The increase in penetration of major supermarkets & hypermarkets across the globe is gaining the attention of consumers for the purchase of pasta and noodles which is expected to provide significant growth opportunities in the upcoming years.

The market is consolidated with the presence of a large number of international players and few regional players.

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Pasta And Noodles Market Report Highlights

• Asia Pacific is expected to contribute a significant share to become the largest segment in 2021 owing to increasing acceptance of western & international cuisines and convenient food products among consumers in China, India, and Japan
• The frozen & canned pasta and noodles is anticipated to grow at a CAGR of 3.1% as the consumption of shelf-stable and convenient food products increased during the pandemic
• The online segment is anticipated to grow at the fastest CAGR of 5.4% owing to the availability of a dynamic range of pasta and noodles from international and local brands online

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Pasta And Noodles Market Segmentation

Grand View Research has segmented the global pasta and noodles market based on product, distribution channel, and region:

Pasta And Noodles Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Dried
• Instant
• Frozen & Canned

Pasta And Noodles Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Online
• Offline

Pasta And Noodles Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List Of Key Players in the Pasta And Noodles Market

• Nestlé
• Barilla Group
• ITC
• The Kraft Heinz Company
• Unilever
• Toyo Suisan Kaisha, Ltd.
• Nissin Foods Holdings Co.,Ltd.
• Campbell Soup Company
• Conagra Brands, Inc.
• TreeHouse Foods, Inc.
• Ebro Foods, S.A.

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.

Silico Manganese Market Expected to Succeed in CAGR of 6.5% by 2033

 Silico Manganese Market Growth & Trends

The global silico manganese market size is expected to reach USD 57.19 billion by 2033, according to a new report by Grand View Research, Inc, expanding at a CAGR of 6.5% over the forecast period. Increasing investments in construction activities across the globe are expected to boost the demand for steel, which is anticipated to positively influence the market growth of silico manganese over the forecast period.

For instance, In November 2021, Bahrain announced plans to invest USD 30.00 billion for the creation of five new cities on its manmade islands. The project is a part of the government’s efforts to boost its economy post-pandemic. In addition, the governments of different countries across the Middle East & Africa are investing in tourism and hotel development projects.

Silico manganese is a type of ferroalloy that is made up of alloys of manganese, silicon, iron, and a small amount of carbon and other elements. It finds application in steel making, where it is used as a deoxidizer, and to increase the manganese content to improve steel strength. Thus, the rising production of steel is expected to drive the demand for the product.

In October 2021, the Rongju steel plant of Hefa Group was commissioned in Vietnam. The plant has a production capacity of approximately 4 million tons per annum. Moreover, in August 2022, Hefa Group announced plans to expand its steel production capacity by 2023. The company aims to enhance the production capacity of flat, rebar, and wire rods by approximately 5.6 million tons per annum in the second phase of expansion.

Silico manganese consumption in the Middle East & Africa region is anticipated to be driven by expanding steel capacity in the region. For instance, in March 2022, Tosyali Algerie commenced the construction of a direct reduced iron plant with an annual capacity of 2.5 million tons per annum, and a flat product mill of 4 million tons per annum in Algeria.

The manufacturers of silico manganese engage in mergers & acquisitions to stay ahead of the competition. In April 2022, Tata Steel Mining Limited, acquired Rohit Ferro-Tech Ltd., a manufacturer of manganese and chromium-based ferroalloys such as ferrochrome and silico manganese for USD 77.42 million in India. The acquisition is expected to enable the company to consolidate its position in the ferroalloy business.

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Silico Manganese Market Report Highlights

• The increase in production cost of silico manganese is attributed to the hike in the prices of energy and raw materials along with labor shortage and logistics challenges. The energy price rise in 2021-22 primarily occurred due to the low base price in 2020. The transition toward clean energy caused prices to remain high. In addition, the geo-political tensions caused due to the Russia-Ukraine war in 2022 are expected to further contribute to the price hike
• Based on product, medium carbon is likely to register the fastest CAGR of 6.8% in terms of revenue across the forecast period. The segment's growth can be ascribed to rising global stainless steel For instance, global stainless steel melt shop production increased by 12.5% from 2020 to 2021 to reach 58.3 kilotons
• Based on region, in 2021, Asia Pacific held a revenue share of nearly 74.0% of the global market. The consumption of silico manganese in the region is being driven by rising investments in the building & construction industry by the governments of the region. For instance, in November 2021, the Government of Malaysia announced its plans to construct approximately 500,000 affordable houses under the 12^thMalaysia Plan
• Based on application, stainless steel held the largest share of over 43.0% of the market, in terms of revenue, in 2021. Increasing penetration of electric vehicles is expected to propel the demand for the segment

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

Silico Manganese Market Segmentation

Grand View Research has segmented the global silico manganese market based on product, application, and region:

Silico Manganese Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2033)

• Low Carbon
• Medium Carbon
• High Carbon

Silico Manganese Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2033)

• Carbon Steel
• Stainless Steel
• Alloy Steel
• Cast Iron
• Others

Silico Manganese Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2033)

• North America
  • US.
  • Europe
  • Germany
  • Turkey
  • Italy
• Asia Pacific
  • Taiwan
  • Vietnam
  • Japan
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
  • Iran

List of Key Players in Silico Manganese Market

• Brahm Group
• EMCO (Bahrain Ferro Alloys BSC).
• Eramet
• Ferroglobe
• NIPPON DENKO CO., LTD.
• OM Holdings LTD.
• Sabayek
• SAKURA FERROALLOYS
• Steelforce
• Tata Steel

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.

Know Your Customer Software Market to See Booming Grow at a CAGR of 20.8% by 2030

 Know Your Customer Software Market Growth & Trends

The global know your customer software market size is expected to reach USD 15.81 billion by 2030, expanding at a CAGR of 20.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growth of the know your customer (KYC) software market can be attributed to the rising identity financial frauds across the globe. For instance, in 2021, according to the Federal Trade Commission (FTC), identity theft was the most common complaint registered by consumers accounting for almost 29.4% of all the reports received by the FTC in 2021.

Technological advancements made in the market, including blockchain-based KYC, are expected to surge the market growth over the forecast period. Additionally, banks across the globe are entering into partnerships with government entities to leverage blockchain technology in KYC processes. For instance, in April 2022, Mashreq Bank in partnership with Dubai’s Department of Economy and Tourism (DET) joined the KYC blockchain platform initiative in UAE that helped banks to provide instant digital bank accounts along with KYC remediation. Mashreq Bank also joined the group of banks that are already live on the KYC network, including Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Commercial Bank of Dubai (CBD), and HSBC.

The rising application of electronic Know Your Customer (eKYC) software for eliminating the paperwork during the account opening process and automatic customer onboarding activity is leading to an increase in the growth of the market. Major KYC software providers are focusing on developing an eKYC solution to simplify the onboarding process for the end-users. For instance, in June 2021, Liquid, Inc. launched its new e-KYC biometric solution designed specifically to prevent data thefts and frauds as more businesses transformed to digital processes in response to the COVID-19 outbreak.

The COVID-19 outbreak played a vital role in driving the market. Banks and financial institutions across the globe adopted digitalization to reduce the paperwork involved in the banking process. For instance, in May 2022, Vietcombank, a commercial bank in Vietnam, launched an eKYC solution that would assist its customers to open bank accounts digitally from anywhere, thus reducing the waiting time for customers. Such initiatives are expected to create growth opportunities for the market over the coming years.

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Know Your Customer Software Market Report Highlights

• The software segment dominated the market in 2021. Rising developments in KYC solutions to reduce the waiting for customers and enhance operation functionality are expected to propel the growth of the segment
• The cloud segment dominated the market in 2021. Rising investments in cloud-based KYC solutions to assist customers remotely in account opening are fueling the segment growth
• The small and medium enterprises segment is expected to witness the fastest growth over the forecast period. The growth of the segment can be attributed to rising adoption of digitized solutions to capture more potential customers efficiently
• The BFSI segment dominated the KYC software market in 2021. The adoption of new payment technologies by retailers in order to increase revenue and reduce transaction time is expected to propel the growth of the segment
• North America dominated the market in 2021. The rising data thefts and financial frauds across the region are expected to play a decisive role in driving the regional market.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-know-your-customer-software-market

Know Your Customer Software Market Segmentation

Grand View Research has segmented the global know your customer software market based on component, deployment, enterprise size, end-use, and region:

KYC Software Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services
  • Managed Services
  • Professional Services

KYC Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise
• Cloud

KYC Software Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

KYC Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
  • Banks
  • Insurance Companies
  • Financial Service Provider
• Telecom
• Government
• Others

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

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

List of Key Players of Know Your Customer (KYC) Software Market

• KYCPORTAL.COM
• Fenergo
• Truth Technologies, Inc.
• Trulioo
• Equiniti
• ACTICO GmbH
• Pegasystems Inc.
• Experian Information Solutions, Inc.
• Acuant, Inc.
• LexisNexis Risk Solutions 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.

E-Commerce Apparel Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 E-Commerce Apparel Market Growth & Trends

The global e-commerce apparel market size is expected to reach USD 1,160.56 billion in 2030, registering a CAGR of 8.6% during the forecast period, according to a new report by Grand View Research, Inc. This can be accredited to growing demand for apparel from developed countries.

Boom in the e-commerce segment has been acting as a promoter for global market growth. The luxurious brands, which formerly were limited to the superior section of the civilization, traveling to fashion destinations like Paris and Milan have embraced people of all classes via the e-commerce channel. Ease of Payments, accessibility, and easy return policies are all producing a push for the market and are expected to accelerate the market growth during the forecast period.

Moreover, a lockdown circumstance has been observed throughout the COVID 19, and it showed an impact on the apparel market due to delayed supply of the raw material products. However, it significantly impacted the supply chain of the apparel market and manufacturing of the apparel products, across the globe. Moreover, the increasing acceptance of the e-commerce channels from the customers owing to changing buying patterns after the COVID outbreak had created opportunities for the market players. Thus, the market is expected to witness a healthy market growth rate during the forecast period.

The children’s apparel segment has been growing at a faster pace than the men’s and women’s apparel segments. The increasing trend of children's fashion showcases a wide range of attractive products, which is likely to accelerate the consumption rate. The increasing participation of the children in various activities like sports and arts is also expected to drive demand for the appropriate apparel in the coming years.

In North America, the market is projected to show a lucrative growth rate of 8.7% from 2022 to 2030 owing to rising demand for the women’s apparel across the region. Additionally, the U.S. has a vast number of brands actively functioning in the market, which includes Tommy Hilfiger, Ralph Lauren, Hollister, and Calvin Klein. Thus, the market has deep roots in the region and has an enormous influence across the globe. Moreover, changing consumers’ preferences and lifestyles is expected to propel the market growth during the forecast period. Thus all these factors are estimated to drive growth of this market within this region.

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E-Commerce Apparel Market Report Highlights

• In Asia Pacific, the market is expected to witness the fastest CAGR of 9.4% from 2022 to 2030 owing to growing demand for the men’s and children’s apparel from developing nations such as China and India
• The women’s apparel type segment accounted for the highest revenue share of more than 68.0% in 2021 owing to the rising demand for these products from the developed regions such as Europe and North America
• Europe dominated the market and accounted for the revenue share of more than 36.0% in 2021 owing to rising demand for the women’s apparel as a result of the growing purchasing power of the women towards clothing
• The men’s apparel type segment is expected to foresee the second-fastest CAGR of 8.4% from 2022 to 2030 due to the growing fashion consciousness amongst millennials

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

E-Commerce Apparel Market Segmentation

Grand View Research has segmented the global e-commerce apparel marketbased on the type and region:

E-commerce Apparel Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Women’s Apparel
• Men’s Apparel
• Children’s Apparel

E-commerce Apparel Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of E-Commerce Apparel Market

• Wal-Mart Inc.
• Amazon, Inc.
• com, Inc.
• Alibaba Group Holding Limited
• EBay Inc.
• Shopify Inc.
• Rakuten 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.

Microencapsulated Pesticides Market Trends Analysis And Forecast Till 2030: Grand View Research Inc.

 Microencapsulated Pesticides Market Growth & Trends

The global microencapsulated pesticides market size is expected to reach USD 1.57 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.7% from 2022 to 2030. The industry growth is majorly driven by the increasing usage of the Integrated Pest Management System (IPMS) and increased regulatory support restricting the extensive application of agrochemicals.

Microencapsulated capsules are pesticides coated in capsules made from plastic or starch which helps in protecting the pesticide from spoilage or leakage in the surrounding environment. It is mixed with water to spray on crops where the walls of the capsule break to release the pesticide on the affected crop. Thus, these factors of microencapsulated capsules contribute to IPMS practices adopted by people by restricting the usage of pesticides to affected crops only.

Increasing bans and restrictions on using some harmful chemicals in several regions have also contributed to the growth of microencapsulated pesticides. According to a report around 33% of total agricultural produce is lost due to the uncontrolled use of harmful pesticides. Additionally, around 2473 food alerts were reported in Europe for fruits and vegetables for the period 2015 to 2020. Thus, all these factors resulted in the implementation of regulations on the restricted use of pesticides which is acting as a driving force for the product market.

According to the Food and Agricultural Organization  (FAO) of the United States, around 40% of crops globally are destroyed by pests annually. Every year plant diseases cost USD 220 billion to the global economy and invasive insects around USD 70 billion. All these factors are resulting in an increase in demand for microencapsulated pesticides year on year. 

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Microencapsulated Pesticides Market Report Highlights

• The market is estimated to witness a CAGR of 12.7% from 2022 to 2030. This is attributed to the rising demand for food crops due to the increasing population thus, creating the need for using microencapsulated pesticides by farmers for the safety and security of their crops
• Europe dominated the market in 2021 with a revenue share of around 34%. This is owed to increasing government initiatives for adopting Integrated Pest Management practices and raising awareness among people
• According to Eurostat, the demand for pesticides is continuously increasing in the EU with Spain, Germany, Italy, and France accounting for 2/3^rdof the total volume produced in the EU. Additionally, the European Commission is planning to cut down the use of chemical pesticides by 50% by 2030. All these factors will result in the growth of the microencapsulated pesticides market over the coming years
• Insecticide dominated the type segment with a revenue share of around 55% in 2021. This growth is attributed to the ability of insecticides to reduce the harmful effects of insects on crops by killing them or preventing them from engaging in any destructive behaviors
• Agriculture sector emerged as a major application segment with a revenue share of around 65% in 2021. This growth in the agricultural sector can be attributed to the increasing demand for food across the globe due to the increasing population
• According to FAO, the global population is estimated to reach 9.7 billion by 2050 thus, requiring crop production to increase up to 70 percent to meet the demand. In order to meet this increasing demand the farmers are shifting towards using microencapsulated pesticides so as to maximize production while minimizing the loss caused to crops due to fungi, insects, and any unwanted vegetation 

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

Microencapsulated Pesticides Segmentation 

Grand View Research has segmented the global microencapsulated pesticides market based on type, application, and region:

Microencapsulated Pesticides Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Insecticides
• Herbicides
• Rodenticides
• Fungicides
• Others

Microencapsulated Pesticides Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Agricultural
• Non-agricultural

Microencapsulated Pesticides Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Thailand
  • Indonesia
• Central & South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • South Africa
  • Nigeria

List of Key Players in Microencapsulated Pesticides Market

• Bayer AG
• BASF SE
• ADAMA Agricultural Solutions Ltd.
• FMC Corporation
• Syngenta
• Yara International
• Sumitomo Chemicals
• Israel Chemical Company
• Arysta LifeScience
• Nufarm Limited
• GAT Microencapsulation
• Botanocap
• K + S 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.