Endoscopes Market is Anticipated To Expand at a CAGR of 8.9% over the forecast period: Grand View Research Inc.

 

Endoscopes Market Growth & Trends

The global endoscopes market size is expected to reach USD 37.1 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness levelsabout minimally invasive surgical procedures and the increasing prevalence of chronic disorders are the major factors accelerating the market growth. The benefits, such as less surgery-related blood loss, no muscle cutting, and quicker recovery, offered by minimally invasive surgeries boost the adoption of endoscopic procedures over traditional/open invasive surgeries. In addition, advancement in endoscopic technology and rapid increase of its application to diagnose and treat various diseases are other key factors anticipated to propel the market growth over the forecast years. The flexible endoscopes product segment dominated the market in 2023.

This is attributed to the high demand for these devices considering their unique features, such as the ability to reach viscera and cavities, better safety and efficiency, and improved ergonomic features. These devices are most commonly used in several endoscopic procedures, such as esophagogastroduodenoscopy (EGD), bronchoscopy, sigmoidoscopy, laryngoscopy, pharyngoscopy, nasopharyngoscopy, rhinoscopy, and colonoscopy procedures, which supports the product demand and segment growth.

In 2023, the outpatient facilities end-use segment dominated the market. Increasing adoption of endoscopes across outpatient facilities such as ambulatory surgery centers and diagnostic clinics for the early diagnosis and detection of several life-threatening diseases is supporting the segment growth. In addition, the introduction of keyhole endoscopic surgeries with minimal discomfort and faster recovery time also boosts the segment growth. In addition, North America held the largest revenue share in 2023 owing to its better healthcare infrastructure, high preference for minimally invasive surgical procedures among individuals, and quick adoption of advanced technologies. The increasing burden of functional gastrointestinal disorders and cancer is anticipated to further propel market growth in this region. For instance, as per the data reported by the National Cancer Institute, in 2020, over 1.8 million new cancer cases were estimated to be diagnosed in the U.S.

Several industry consolidation activities, such as mergers & acquisitions, and partnerships have resulted in a strong market share of the global market. Manufacturers in the market are also focusing on launching new endoscopes with advanced features as per patients’ requirements, to enhance their market share and consumer base. For instance, in January 2021, Karl Storz SE & Co. KG announced the launch of Image 1 S Rubina, which combines multimode fluorescence imaging with 4K resolution for endoscopy procedures. The toggling between white light and fluorescence modes allows surgeons to set it per surgical needs.

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Endoscopes Market Report Highlights

• Based on product, the flexible endoscopes segment held the largest revenue share in 2023 owing to its unique features, such as the ability to reach viscera & cavities, better safety & efficiency, and improved ergonomic features
• In terms of end-use, the outpatient facilities segment held the largest revenue share in 2023 due to widespread adoption of keyhole or minimal invasive surgeries across these facilities
• North America dominated the market in 2023 owing to various factorsincluding the increasing burden of functional gastrointestinal disorders, improved healthcare infrastructure, and the growing preference for minimally invasive surgeries to curb healthcare spending.

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Endoscopes Market Segmentation

Grand View Research has segmented the global endoscopes market based on product, end-use, and region:

Endoscopes Product Outlook (Revenue, USD Million, 2018 - 2030)

• Endoscopes
  • Rigid Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Sinuscopes
    • Otoscopes
    • Sigmoidoscopes
    • Pharyngoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
  • Flexible Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Sinuscopes
    • Otoscopes
    • Sigmoidoscopes
    • Pharyngoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
    • Colonoscopes
  • Disposable Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Sinuscopes
    • Otoscopes
    • Sigmoidoscopes
    • Pharyngoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
    • Colonoscopes
  • Capsule Endoscopes
  • Robot Assisted Endoscopes

Endoscopes End-use Outlook (Revenue, USD Million, 2018 – 2030)

• Hospitals
• Outpatient Facilities

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

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

List Of Key Players Endoscopes Market

• Olympus Corporation (Olympus)
• PENTAX Medical
• Ethicon (Johnson & Johnson, Inc.)
• FUJIFILM Holdings Corporation
• Stryker
• Boston Scientific Corporation
• CONMED Corporation
• Karl Storz GmbH & Co., KG
• Richard Wolf GmbH
• Medtronic

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.

STD Diagnostics Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 STD Diagnostics Market Growth & Trends

The global STD diagnostics market size is expected to reach USD 16.36 billion by 2030, expanding at a CAGR of 7.18% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing disease burden of Sexually Transmitted Disease (STD) and efforts by government & non-profit organizations to increase awareness and encourage regular screenings among the younger population are the key factors augmenting the market growth. According to WHO data, around 374 million new cases of syphilis, gonorrhea, chlamydia, and trichomoniasis are recorded every year globally.

Development and commercialization of advanced products, such as next-generation HIV testing kits and multiplex PCR products, enable physicians to timely diagnose & distinguish a range of STIs and provide appropriate treatment. Seegene, Inc., a South Korea-based diagnostic company, provides a wide portfolio of Allplex, Anyplex, and Seeplex products that detect various causative agents. For instance, Allplex STI/BV Panel Assay can distinguish 28 causative agents in a single test. In April 2022, Seegene, Inc. announced the development of Allplex HPV HR Detection.

Allplex HPV HR Detection is the world’s first commercialized ‘3 Ct’ PCR assay. Seegene is focusing to apply this technology to its entire product chain, including STI, Urinary Tract Infection (UTI), and Respiratory Virus (RV) assays. This strategic technological advancement is expected to provide an additional advantage to the company that can help increase its share in the Sexually Transmitted Disease (STD) diagnostics industry.

The HIV National Strategic Plan is a roadmap for eliminating the human immunodeficiency virus pandemic in the U.S. by 2030. The HIV Plan, which will run from 2021 to 2025, is the country's third five-year national HIV plan in a row, with a 10-year goal of halving new human immunodeficiency virus infections by 90% by 2030. Furthermore, the Viral Hepatitis National Strategic Plan focuses on hepatitis B and C, which are sexually transmitted. In January 2021, the US Department of Health and Human Services (HHS) released a nationwide strategy to address the preventable, substantial public health threats posed by viral hepatitis in the United States. The government's beneficial actions create a favorable atmosphere for the expansion of the STD diagnostics industry.

Companies are engaging in strategic initiatives that aid in the development of new products, and regulatory approvals as well as enhance their STD diagnostics product portfolio. For instance, in August 2020, DiaSorin, Inc. received 510 (k) approval from U.S. FDA for introducing LIAISON XL MUREX anti-HBe. It is used for the diagnosis of HBV infection. This immunoassay product works on the principle of chemiluminescence.

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STD Diagnostics Market Report Highlights

• In 2023, the consumables segment accounted for the largest market share and is anticipated to maintain its position over the forecast period owing to high testing rates for the diagnosis of STDs and the commercialization of several assays
• Based on technology, the molecular diagnostics segment is estimated to grow at the fastest CAGR during the forecast period owing to the increasing use of high-throughput PCR technology and the recommendation of NAAT tests for HIV testing. The development of multiplex PCR tests for the simultaneous detection of multiple pathogens is also expected to contribute to the STD diagnostics industry's growth
• Based on application, the HIV testing segment is expected to dominate the STD diagnostics industry in 2023, due to factors such as the high incidence rate of the disease, increasing product approvals for molecular tests, and favorable government initiatives
• Asia Pacific region is anticipated to experience the fastest growth over the forecast period due to an increase in testing rates for STDS, a rise in disposable income, and high disease prevalence of STD in developing countries

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STD Diagnostics Market Segmentation

Grand View Research has segmented the global STD diagnostics market based on product, application, technology, location of testing, and region:

STD Diagnostics Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments and Services
• Consumables
• Software

STD Diagnostics Application Outlook (Revenue, USD Million, 2018 - 2030)

• CT/NG testing
• Syphilis testing
  • PCR testing
  • Non-PCR testing
• Gonorrhea testing
• HSV testing
  • PCR testing
  • Non-PCR testing
• HPV testing
• HIV testing
• Ureaplasma & Mycoplasma testing
• Trichomonas
• VZV testing
  • PCR testing
  • Non-PCR testing
• Others

STD Diagnostics Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Immunoassay
• Molecular Diagnostics
• Other

STD Diagnostics Location of Testing Outlook (Revenue, USD Million, 2018 - 2030)

• Laboratory Testing
  • Commercial/Private labs
  • Public Health Labs
• Point of Care Testing

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

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

List of Key Players in the STD Diagnostics Market

• BD
• Hoffmann-La Roche Ltd
• Hologic Inc.
• Abbott
• Cepheid (Danaher)
• Qiagen
• OraSure Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• bioMérieux SA
• Thermo Fisher Scientific, Inc.
• Seegene Inc.
• DiaSorin S.p.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.

Smoothies Market is Anticipated To Generate Significant Revenues by 2030: Grand View Research Inc.

 Smoothies Market Growth & Trends

The global smoothies market size is expected to reach USD 23.08 billion by 2030, growing at a CAGR of 9.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global rise in smoothie consumption is driven by a synergy of health and convenience trends. As consumers increasingly prioritize healthier lifestyles, smoothies represent a convenient and nutritious option, offering a blend of fruits, vegetables, and often protein-rich additives. The growing awareness of the importance of a balanced diet and the desire for on-the-go nutrition is expected to drive the popularity of smoothies as a quick and easy way to meet nutritional goals.

The market for smoothies has experienced significant growth in recent years, driven by increasing consumer awareness of health and wellness. As people became more conscious of their dietary choices, the demand for nutritious and convenient food and beverage options has risen. Smoothies, with their blend of fruits, vegetables, and often added supplements, cater to this demand by offering a quick and tasty way to consume essential nutrients. The penetration of smoothies into mainstream consumer preferences is evident, as they are now commonly found in cafes, juice bars, and even as pre-packaged products in grocery stores.

Manufacturers are responding to these evolving preferences by launching products that align with various health goals. For instance, in October 2022, Blender Bites, a frozen food brand, emphasized immunity support through the launch of a new product. Known for producing premium, organic, and plant-based pre-portioned frozen functional foods, especially for smoothies, the brand introduced Daily Defen-C, an innovative smoothie designed to boost immunity through high levels of vitamin A, a natural supporter of immune system function. The smoothie is also rich in vitamins C and E and includes a blend of 15 organic vitamins and minerals. To align with current health trends, Daily Defen-C incorporates popular ingredients like ginger, turmeric, and probiotics, providing a comprehensive and health-conscious option for consumers.

The market players are also targeting consumers who prioritize health-conscious and nutrient-rich options for their babies and toddlers. For instance, in January 2023, Serenity Kids, a prominent shelf-stable baby and toddler food brand, unveiled four new Dairy-Free Smoothie + Protein pouch varieties. These groundbreaking baby food products were the first in the market to incorporate protein from grass-fed collagen. The innovative flavors are Berry Butternut, Sweet Potato Spice, Pumpkin Spice, and Carrot& Beet, each offering high-quality and nutrient-rich options for babies and toddlers.

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Smoothies Market Report Highlights

• Based on product, the fruit-based smoothie segment dominated with a revenue share of 51.6% in 2023. Fruits are widely recognized for their nutritional content, including essential vitamins, minerals, and antioxidants. This has led consumers to often associate fruit-based smoothies with health and wellness.
• The sales of smoothies through smoothie bars accounted for a 44.0% of the revenue share in 2023. Smoothie bars offer consumers the option to customize their drinks by choosing specific fruits, vegetables, bases, and add-ins.
• North America dominated the market with a revenue share of 45.5% in 2023. The increasing popularity of healthy beverages in North America is significantly contributing to the growth regional market.

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Smoothies Market Segmentation

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

Smoothies Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fruit-based
• Dairy-based
• Others

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

• Restaurants
• Smoothie Bars
• Supermarkets & Convenience Stores
• Others

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

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

List of Key Players in the Smoothies Market

• Barfresh Food Group, Inc.
• Bolthouse Farms
• Ella’s Kitchen Ltd
• innocent ltd
• Jamba Juice LLC
• Maui Wowi Hawaiian Coffees & Smoothies
• Smoothie King
• Suja Juice
• Tropical Smoothie Café
• The Smoothie Company

About Grand View Research

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

U.S. Luxury Travel Market Will Be Worth $634.27 Billion by 2030: Grand View Research Inc.

 U.S. Luxury Travel Market Growth & Trends

The U.S. luxury travel market is anticipated to reach USD 634.27 billion by 2030 and it is projected to grow at a CAGR of 8.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. There is a growing and robust demand for customized luxury travel experiences. According to a survey conducted by Virtuoso in 2022, 68% of luxury travel advisors noted that their clients are going to great lengths to prioritize privacy, opting for extended vacations and allocating more resources. This includes arrangements such as booking private jets, islands, and villas, as well as engaging guides with specialized knowledge aligned with their specific interests.

An increasing number of travelers in U.S. are opting for tours of their preferred destinations due to the desire to learn more about the place that they are visiting. Luxury travelers often prefer customized and private tours to general tour packages for unique and highly personal experiences. The post-pandemic trends of private tours due to concerns for health and safety are driving the market growth.

Travelers are drawn to the diverse traditions and cultures of other countries. They are keen to explore the diverse performing arts, handicrafts, ceremonies, and cuisines. Such experiences inspire cultural interaction, encouraging conversation, understanding, and promoting harmony. Luxury travelers in the U.S. exhibit a trend of meticulous vacation planning, often arranging accommodations and dining experiences well in advance. The Travel Trends 2023 study found that 51% of U.S. travelers are now booking their vacations far in advance, a marked departure from previous years.

More than a third of this demographic cited fear of price inflation as a primary motivator for securing travel plans early. This shift suggests that consumers are becoming increasingly cautious as costs rise and are taking proactive steps to ensure an affordable travel experience.

Key players offer a range of curated experiences, from VIP events to adventurous excursions, enhancing a brand's appeal and distinguish it within the competitive market. For instance, in December 2022, Kensington Tours Ltd introduced a collection of insider-style VIP experiences designed around high-profile events. This included the opportunity to attend a Hollywood VIP after-event called 'The Party' and experience the world's biggest auto race in Las Vegas from the pit lane of the team paddock.

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U.S. Luxury Travel Market Report Highlights

• Based on tour, the culinary travel & shopping segment is expected to witness substantial CAGR during the forecast period. Travelers typically engage in activities like taking cooking classes, retracing historical culinary journeys, embarking on wine, beer, and spirits trails, participating in food fairs and festivals, and visiting food production facilities and processing centers for exploratory purposes
• Based on age group, the millennial segment is expected to witness substantial CAGR during the forecast period from 2024 to 2030. Millennials prioritize experiences over material possessions, valuing the memories and personal growth that luxury travelcan provide. Millennials are, hence, shifting their focus from traditional offerings to a wider range of compelling traveling experiences
• Based on booking mode, the online travel agencies segment is expected to witness substantial CAGR during the forecast period from 2024 to 2030. Online platforms provide a comprehensive array of stay options for vacation rentals. These platforms serve as a hub for listing a diverse range of accommodations catering to different traveler preferences

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U.S. Luxury Travel Market Segmentation

Grand View Research has segmented the U.S. luxury travel market based on tour, age group, and booking mode:

U.S Luxury Travel Tour Outlook (Revenue, USD Billion, 2018 - 2030)

• Customized & Private Vacations
• Safari & Adventure
• Cruises, Yachting and Small Ship Expeditions
• Celebration Journeys
• Culinary Travel & Shopping
• Others

U.S Luxury Travel Age Group Outlook (Revenue, USD Billion, 2018 - 2030)

• Millennial
• Generation X
• Baby Boomers
• Silver Hair

U.S Luxury Travel Booking Mode Outlook (Revenue, USD Billion, 2018 - 2030)

• Direct Booking
• Online Travel Agencies (OTAs)
• Concierge Services

List of Key Players in the U.S. Luxury Travel Market

• Abercrombie & Kent USA, LLC
• Lindblad Expeditions
• Scott Dunn Ltd.
• Brownell Travel
• All Roads North
• Kensington Tours Ltd.
• Tully Luxury Travel
• Black Tomato
• Pique Travel Design
• The Luxury Travel Agency

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.

Point of Use Water Treatment Systems Market to Penetrate Untapped Regions During 2024 to 2030: Grand View Research Inc.

 Point of Use Water Treatment Systems Market Growth & Trends

The global point of use water treatment systems market size is anticipated to reach USD 53.56 billion by 2030 and it is projected to grow at a CAGR of 9.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing scarcity of fresh water reservoirs and safe drinking water across the world owing to the increasing industrial activities and growing population is anticipated to fuel the growth of the market over the forecast period.

The escalating demand for point-of-use water treatment systems is a reflection of a broader societal shift towards prioritizing water quality in both residential and non-residential domains. The residential sector embraces point-of-use water treatment systems for their convenience and affordability, providing a personalized approach to enhancing drinking water quality. Simultaneously, the non-residential sector leverages the adaptability and scalability of point-of-use water treatment systems to address diverse water treatment needs, ensuring compliance with regulations and cost-effective solutions. This growing reliance on point-of-use water treatment systems underscores a collective recognition of the importance of localized and tailored approaches to secure clean and safe water in both personal and professional spheres.

Population growth, rapid urbanization, technological advancements, and infrastructure expansion have all increased global demand for fresh and processed water. The human population has grown more than double in the last 50 years, resulting in a high consumption of water. The lack of freshwater sources has resulted in water scarcity. The reduced water resources & increased water pollution are also aiding the demand for point of use water treatment systems.

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Point of Use Water Treatment Systems Market Report Highlights

• Based on technology, reverse osmosis systems segment dominated the technology segment with more than 32.1% share in 2023 owing to attractive features and pollutant removal capabilities
• Based on technology, the filtration segment is expected to grow at the fastest CAGR over the forecast period
• Based on device, the tabletop pitchers device segment held the largest market share of 34.6% in 2023
• Based on the device, the under-the-sink filters device segment is anticipated to witness the fastest CAGR during the forecast period
• Increasing health awareness and consciousness regarding water-borne illnesses and diseases across the globe is a prominent driving factor of the market growth
• Asia pacific dominated the point of use water treatment market owing to factors such as increasing disposable income, rising pollution, surge in health awareness, and lack of safe water
• In January 2023, Aquaporin, a water technology company, partnered with Koninklijke Philips N.V. to deliver clean drinking water to customers in China. With the partnership, Aquaporin will be the membrane technology provider in most of Philips Water Solutions' range of water purifiers

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Point of Use Water Treatment Systems Market Segmentation

Grand View Research has segmented the global point of use water treatment systems market based on technology, device, application, and region:

Point of Use Water Treatment Systems Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Reverse Osmosis Systems
• Distillation Systems
• Disinfection Methods
• Filtration Methods

Point of Use Water Treatment Systems Device Outlook (Revenue, USD Billion, 2018 - 2030)

• Tabletop Pitchers
• Faucet-Mounted Filters
• Counter-top Units
• Under-the-sink Filters

Point of Use Water Treatment Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
  • Offices
  • Hotels
  • Restaurants
  • Café
  • Hospitals
  • Schools
  • Other
• Industrial

Point of Use Water Treatment Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Point of Use Water Treatment Systems Market

• 3M
• Koninklijke Philips N.V.
• Pentair
• Panasonic Holdings Corporation
• Unilever
• LG Electronics
• EcoWater Systems LLC
• O. Smith
• Culligan
• Amway 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.

U.S. Residential Remodeling Market Advanced Technologies and Growth Opportunities Worldwide By 2030

 U.S. Residential Remodeling Market Growth & Trends

The U.S. residential remodeling market size is anticipated to reach USD 716.18 billion by 2030, registering a CAGR of 4.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing demand for products such as ceilings, outdoor decks, flooring, bathrooms, and kitchens that are aesthetically pleasing, cost-effective, and eco-friendly has increased in home renovation projects. Increasing disposable income of homeowners has also contributed to this trend in recent years and is expected to contribute to market growth in the coming years.

Manufacturers of remodeling products have incorporated their presence throughout the value chain to disassemble existing structures and install new products. These companies offer services that are based on analysis of an existing structure and search for a solution that will rebuild the structure according to the customer’s needs. For example, companies such as Jenks Restorations consider the damage to a building as a result of natural disasters, fire, or water and adapt repairs and rebuild work accordingly.

The threat of substitutes is low to medium in the U.S. residential market as most players have different ranges of specialized offerings. The nature of the industry forces consumers to choose from local players, which are considerably limited due to the high cost of establishing of network.

Cement, lumber, plastic, aluminum, copper, and steel are just a few of the raw materials used in the home remodeling industry. According to various studies, the prices of raw materials do not show a constant upward or downward trend, making it difficult for manufacturers and buyers to make long-term decisions regarding raw material procurement and product selection. Products such as steel and lumber have seen an increase in prices due to disruption in supply chain and transportation, leading to shortages. Socioeconomic problems such as the Russia-Ukraine war have also affected the availability and movement of raw materials.

Rising prices of housing and property have led to increased renovation works on existing houses as the spending levels of the population has grown in recent years. This has given a boost to the residential remodeling market. Shifting focus toward aesthetically pleasing interiors and exteriors of the house has led to remodeling projects in various households. The interest in incorporating smart equipment in homes has also helped in increasing the need for remodeling houses.

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U.S. Residential Remodeling Market Report Highlights

• The residential remodeling market has experienced a surge in recent years as the energy efficiency of residential buildings has increased, resulting in lower energy bills. The increasing real estate rates have also caused consumers to remodel their homes instead of purchasing new ones. In addition, the growing emphasis on interior and exterior design has also contributed to the growth of the residential remodeling industry
• The specialized service provider segment dominated the market with a revenue share of 81.8% in 2023. Specialized service providers specialize in one or more of the following services, such as concrete and masonry, electrical & insulation, mechanical systems, plumbing systems, roofing, and siding. Specialized service providers ensure that high-quality and durable materials are used while remodeling any part of the building
• The remodeling of residential systems and equipment accounted for the largest market share of 26.5% in 2023. This growth is attributed to the growing number of people using consumer electronics in their homes in the U.S. This has resulted in the need for modernized systems in the United States that help to level out electrical connections in homes
• California residential remodeling segment accounted for a revenue share of 13.8% of the overall market in 2023. The market in California is expected to grow as it is among the largest states in the U.S. economy, in terms of GDP, construction activities, and per capita income of the population. Moreover, the increase in disposable income primarily drives the demand for residential remodeling in the U.S.
• Most of the market players focus on forward integration by offering maintenance services in addition to manufacturing services. They also focus on offering customization services through online portals and in-house staff as well as utilizing both online and offline distribution channels to interact with their customers
• In November 2023, a Groundworks Company acquired Texas-based Eco-Soil Stabilizers, which offers residential customers and homebuilders a proprietary soil stabilization injection technology. Thus, A Groundworks Company aims to leverage this technology to enhance foundation repairs of residential buildings across the U.S.

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

U.S. Residential Remodeling Market Segmentation

Grand View Research has segmented the U.S. residential remodeling market based on service type, application, and country:

U.S. Residential Remodeling Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Full-remodeling Service Providers
• Specialized Service Providers

U.S. Residential Remodeling Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Flooring
• Walls
• Ceilings
• Porch, Garden and Garage
• System & Equipment
• Disaster Repair
• Others

U.S. Residential Remodeling Country Outlook (Revenue, USD Billion, 2018 - 2030)

• US.
  • California
  • Texas
  • Georgia
  • Florida
  • Ohio
  • Illinois
  • Michigan
  • New York
  • North Carolina
  • Pennsylvania

List of Key Players in the U.S. Residential Remodeling Market

• BELFOR
• Window World, Inc.
• GREAT DAY IMPROVEMENTS, LLC
• A Groundworks Company
• Renuity
• Renovo Home Partners
• ReBath, LLC
• Erie Home
• Window Nation
• DaBella
• ATI Restoration, LLC
• NewSouth Window Solutions
• Window World of Baton Rouge
• Window Depot USA
• Thompson Creek

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 Market For Cake to Witness Tremendous Growth and Expansion by 2030

 Cake Market Growth & Trends

The global cake market size was anticipated to reach USD 80.42 billion by 2030 and it is projected to grow at a CAGR of 3.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increase in e-commerce platforms has made it easier for consumers to access a wide variety of cakes, from cupcakes, muffins, and sheet cakes to cheesecakes. In addition, manufacturers are launching innovative cake options like gluten-free, sugar-free, and organic to cater to evolving consumer tastes and preferences. These factors are expected to drive the demand for cakes during the forecast period.

The online platform serves as a powerful showcase for the creativity of cake artisans. E-commerce websites and social media platforms provide a visual feast, allowing cake businesses to display their intricate designs and assorted flavors. This virtual storefront attracts local customers and captures the attention of a broader online audience searching for unique and visually appealing cakes. The ability to showcase products through high-quality images and detailed descriptions enhances the overall customer experience, enticing them to explore and indulge in the offerings.

The rise of personalized and customizable cake options is another opportunity e-commerce has facilitated within the global market. Online platforms often provide user-friendly interfaces that allow customers to tailor their cake orders according to specific preferences, from flavors and fillings to designs and decorations. This level of personalization enhances customer satisfaction and encourages repeat business as individuals seek to create unique experiences for various occasions.

The dessert cakes segment held the largest market size in 2023. Consumers are increasingly seeking unique and visually appealing dessert options, and cake manufacturers are responding by introducing creative and gourmet flavors, textures, and designs. This emphasis on innovation contributes to the dynamism of the market, keeping it vibrant and adaptable to changing consumer trends.

Asia Pacific held the largest revenue share of the market. The Asia Pacific region's population exhibits diverse tastes and preferences, and consumers in this region are known for their willingness to experiment with various flavors, ingredients, and food formats. In response to this, manufacturers operating in the food industry consistently innovate and constantly expand and diversify their product portfolios. The rising acceptance of convenience foods is a significant factor contributing to the growth of Asia's market. The fast-paced and hectic lifestyles of consumers in this region have led to an increased demand for convenient food products that are quick to prepare and easy to consume.

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Cake Market Report Highlights

• Based on product, the cupcakes segment is expected to grow at the fastest CAGR of 4.3% from 2024 to 2030. Cupcakes offer convenient single serving sizes, versatility in flavors and decorations, and appeal for special occasions, which is expected to drive the segment growth during the forecast period
• Based on distribution, cake sales through the foodservice segment is expected to grow at the fastest CAGR of 3.7% from 2024 to 2030. The expansion of the foodservice industry, including restaurants, cafes, and catering services, coupled with the rising trend of including cakes on their menus, is expected to drive the market growth during the forecast period
• Central & South America is expected to grow at the fastest CAGR of 3.2% from 2024 to 2030. The rise of modern supermarkets and bakery chains across the region has made cakes more readily available and accessible to consumers. Furthermore, cakes are now enjoyed more casually as part of everyday life and are not limited to being primarily consumed during festive occasions, which drives the market growth in the region

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Cake Market Segmentation

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

Cake Product Outlook (Revenue, USD Million, 2018 - 2030)

• Cupcakes
• Sponge Cakes
• Dessert Cakes
• Others

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

• Foodservice
• Retail
  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Online
  • Others

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

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

List of Key Players in the Cake Market

• Pepperidge Farm (Campbell Soup Company)
• Bimbo Bakeries USA (Grupo Bimbo)
• Hostess Brands, Inc.
• McKee Foods
• Balconi S.p.A.
• Monginis
• Merwans Confectioners Pvt. Ltd
• Britannia Industries Limited
• Bake’n Joy Foods, Inc.
• Bonn

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.

Point Of Entry Water Treatment Systems Market is Expected to Enhance $13.42 Billion Revenue By 2030: Grand View Research Inc.

 Point Of Entry Water Treatment System Market Growth & Trends

The global point of entry water treatment systems market size is anticipated to reach USD 13.42 billion by 2030 and is anticipated to expand at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in awareness regarding water contamination due to lead, bacteria, and chemical, micro-plastic contents is expected to fuel product demand. Other factors driving product demand include growing population, strong economic growth, rising number of household constructions, increasing disposable income, and high product awareness among consumers. The increasing levels of contamination have resulted in the rising product adoption, thereby boosting industry growth. The introduction of new technologies and incorporation of the IoT in the newly launched products are also likely to contribute to market growth. For instance, In March 2023, DuPont launched DuPont Multibore PRO and PES ultrafiltration membranes.

Customers who want to reduce the distress of modules required in water purification systems can use Multibore PRO, which acts as part of a multi-technology approach to water treatment applications in various sectors. Increasing collaboration activities among industry experts and market players are facilitating the introduction of innovative products. Manufacturers are also collaborating with governments of various countries to cater to specific needs based on the water quality and presence of pollutants in the water in the region. For instance, in July 2020, DuPont Water Solutions and Kenya Integrated Water, Sanitation and Hygiene (KIWASH) formed a cooperative project in Kenya to commission the installation of a water filtration system, which will purify drinking water by removing fluoride ions.

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Point Of Entry Water Treatment Systems Market Report Highlights

• Based on technology, the reverse osmosis (RO) systems segment held a prominent share of more than 16.2% in 2023 owing to widespread awareness about the RO water treatment capabilities
• Based on technology, the distillation systems segment is expected to grow at the lucrative CAGR over the forecast period
• The industrial application segment held the largest market share of 48.6% in 2023. The commercial application segment is anticipated to witness the fastest growth from 2024 to 2030
• Rising water scarcity and increasing levels of industrial, pharmaceutical, and other hazardous chemical pollutants are augmenting product adoption and installation
• Asia pacific dominated the industry in 2023 owing to factors, such as increasing construction activities, rising health consciousness, and high awareness regarding waterborne illness
• In December 2023, Watts formed an agreement to acquire Josam Company, a manufacturer of plumbing and drainage products. This acquisition will expand sales networks and provide increased cross-selling opportunities to the former

Access Press Release@ https://www.grandviewresearch.com/press-release/global-point-entry-water-treatment-systems-market

Point Of Entry Water Treatment Systems Market Report Segmentation

Grand View Research has segmented the global point of entry water treatment systems market on the basis of technology, application, and region:

Point Of Entry Water Treatment Systems Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Reverse Osmosis Systems
• Water Softeners
• Disinfection Methods
• Filtration Methods
• Distillation Systems
• Others

Point Of Entry Water Treatment Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
  • Offices
  • Hotels
  • Restaurants
  • Café
  • Hospitals
  • Schools
  • Other
• Industrial

Point Of Entry Water Treatment Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Point Of Entry Water Treatment Systems Market

• 3M
• DuPont
• Pentair plc
• BWT Holding GmbH
• Culligan
• Watts
• Aquasana, Inc.
• Calgon Carbon Corporation
• EcoWater Systems LLC
• GE Appliances

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.

Herpes Simplex Virus Treatment Market To Benefit from Increased Global Uptake of 2024 By 2030

 Herpes Simplex Virus Treatment Market Growth & Trends

The global herpes simplex virus treatment market size is expected to reach USD 4.08 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% from 2024 to 2030. The growth of the market is attributed to factors such as increasing prevalence of herpes infection among the population, growing awareness about the disease globally, rising geriatric and immunocompromised population, and an increasing demand to develop novel treatment options to meet the demand for herpes infection therapeutics. Moreover, public-private initiatives are further expected to fuel the growth of the market.

According to the WHO, in 2020, nearly 491.5 million people were suffering from genital herpes caused by the herpes simplex virus 2, and several billion people have herpes simplex virus 1 infection. Although the infection is typically asymptomatic, those who have it are capable of easily transmitting the virus to another person through contact. Furthermore, nearly 80 percent of the global population is a carrier of herpes. This is creating an opportunity for the growth of herpes infection treatment drugs.

Research initiatives and increasing collaborations between research organizations are facilitating the development of novel treatment alternatives against viruses, which is anticipated to boost market growth. In January 2020, a research collaboration between scientists from the EPFL in Lausanne, Switzerland, the University of Geneva (UNIGE), and the University of Manchester led to the development of novel antiviral materials, virucides, made from sugar that show promise for the treatment of herpes simplex (cold sore virus). The development of virucides from sugar has facilitated the arrival of an innovative antiviral drug, which aids treatment without being toxic to humans.

Key players operating in the market are focusing on developing novel and innovative products to meet the increasing demand for providing effective therapeutics. With the increasing demand for effective therapeutics, companies are engaged in developing novel and innovative medicines against infection. For instance, in July 2021, a Phase III study of pritelivir, a novel drug by AiCuris Anti-infective Cures AG, which is a German pharmaceutical company, was commenced, post receiving encouraging Phase II interim results from the Phase II/III trial. This leading compound is developed to treat immunocompromised patients with mucocutaneous HSV infections that are acyclovir-resistant. It was granted Breakthrough Therapy Designation by the U.S. FDA in June 2020. The regulatory support for innovative therapies is projected to improve the number of new drugs entering the market, facilitating enhanced treatment rates, and thereby accelerating market growth. 

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Herpes Simplex Virus Treatment Market Report Highlights

• By treatment, the HSV-1 segment held the largest share in 2023 owing to the high prevalence of infection
• By drug, the acyclovir segment is expected to grow at the fastest rate during the forecast period due to the effectiveness and availability of acyclovir as an oral and topical formulation
• By vaccine, the simplirix segment is expected to grow at the fastest rate during the forecast period as it is the only vaccine available showing promising results as a vaccine candidate
• North America dominated the global market in 2023 owing to the increasing awareness regarding STDs and the rise in healthcare expenditure

Access Press Release@ https://www.grandviewresearch.com/press-release/global-herpes-simplex-virus-treatment-market

Herpes Simplex Virus Treatment Market Segmentation

Grand View Research has segmented the global herpes simplex virus treatment market based on type, drug, vaccine, route of administration, end-use, and region:

Herpes Simplex Virus Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Herpes Simplex Virus-1 (HSV-1)
• Herpes simplex virus-2 (HSV-2)

Herpes Simplex Virus Treatment Drug Outlook (Revenue, USD Million, 2018 - 2030)

• Acyclovir
• Valacyclovir
• Famciclovir
• Other Drugs

Herpes Simplex Virus Treatment Vaccine Outlook (Revenue, USD Million, 2018 - 2030)

• Simplirix
• Others

Herpes Simplex Virus Treatment Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Oral
• Injectable
• Topical

Herpes Simplex Virus Treatment End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

Herpes Simplex Virus Treatment Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Herpes Simplex Virus (HSV) Treatment Market

• GSK plc
• Emcure Pharmaceuticals Ltd.
• Carlsbad Tech
• Glenmark Pharmaceuticals Inc.
• Viatris, Inc.
• Fresenius Kabi AG
• Teva Pharmaceuticals Industries Ltd.
• Apotex Inc.
• Sanofi
• Novartis AG

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.

Mycoplasma Testing Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Mycoplasma Testing Market Growth & Trends

The global mycoplasma testing market size is expected to reach USD 2.26 billion by 2030, registering a CAGR of 13.58% over the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the expansion of market includes growing demand for mycoplasma testing in biomanufacturing, emerging economies, and growing pharmaceutical outsourcing. Additionally, the market's overall growth is driven by rising cell-line contamination and innovation & research in biological sciences.

Growing number of government initiatives to support pharmaceutical and biotechnology companies is also driving the market growth. The U.S. FDA proposed to remove a test for detecting mycoplasma within in vitro living cell cultures, as it can help identify only a single test method. These changes in biologics regulations are anticipated to improve specificity and sensitivity in mycoplasma detection tests, leading to introduction of new technologies in the industry. This is expected to create immense opportunities for key players in new product development.

The rates of M. pneumoniae positivity sharply decreased during the COVID-19 pandemic outbreak at the end of 2019. This was a result of the COVID-19 pandemic's stringent regulations, which successfully stopped the spread of M. pneumonia. However, it is anticipated that M. pneumonia will expand even more throughout the research period following the relaxation of COVID-19 limits, which will have a positive impact on the mycoplasma testing market's growth.

Increasing investments in R&D have contributed significantly to the market’s revenue growth. With rising healthcare expenditure, research activities in the life sciences industry are increasing significantly. The adoption of new technologies for drug discovery & development and innovations in cell culture technologies are driving the demand for mycoplasma tests. The high risk of cell culture contamination remains the primary factor expected to drive the mycoplasma testing market over the forecast period

Mycoplasma is estimated to contaminate around 15%-35% of all continuous cell cultures around the world. Out of over 190 known species of mycoplasma, only eight species are responsible for more than 95% of cell culture contamination. Poor cultural practices, aerosols, dust, and cross-contamination as a result of faulty or broken laminar flow are some of the factors responsible for an increase in the number of cell culture contamination events. Such factors are likely to drive the market demand for mycoplasma testing solutions.

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Mycoplasma Testing Market Report Highlights

• By product, kits and reagents dominated the market, and are anticipated to exhibit the fastest CAGR throughout the forecast period, due to their widespread use in mycoplasma testing
• Ease of conducting the procedure and rapid detection are some of the major advantages offered by the PCR method
• By application, the cell line testing segment held a largest share of 41.65% in 2023, owing to the increase in research projects being done in the field of cell culture
• Mycoplasma contamination can cause alterations in cell culture metabolites and lead to development of toxins. This increases the importance of cell line testing and authentication in the pharmaceutical and biopharmaceutical industries
• North America held the largest share of 39.04% in 2023. This is mostly attributed to the presence of significant market participants, as well as rising R&D spending and federal assistance
• In Asia Pacific, the market is expected to grow at the highest rate in a projected time period driven by factors such as the rising prevalence of target diseases with an aging population, rising awareness and others

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

Mycoplasma Testing Market Segmentation 

Grand View Research has segmented the global mycoplasma testing market on the basis of product, technology, application, end-use, and region:

Mycoplasma Testing Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments
• Kits & Reagents
  • PCR Assays
  • Nucleic Acid Detection Kits
  • Stains
  • Elimination Kits
  • Standards & Controls
  • Others
• Services

Mycoplasma Testing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• PCR
• ELISA
• Direct Assay
• Indirect Assay
• Microbial Culture Techniques
• Enzymatic Methods

Mycoplasma Testing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cell Line Testing
• Virus Testing
• End of Production Cells Testing
• Others

Mycoplasma Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Academic Research Institutes
• Cell Banks
• Contract Research Organizations
• Pharmaceutical & Biotechnology Companies
• Others

Mycoplasma Testing Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Mycoplasma Testing Market

• Thermo Fisher Scientific, Inc.
• Merck KGaA
• Lonza Group AG
• Charles River Laboratories International, Inc.
• PromoCell GmbH
• American Type Culture Collection
• Asahi Kasei Medical Co., Ltd.
• Sartorius AG
• InvivoGen
• Eurofins Scientific

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.