Patient Temperature Management Market to Reflect a Holistic Expansion During 2024 to 2030: Grand View Research Inc.

 Patient Temperature Management Market Growth & Trends 

The global patient temperature management market size is expected to reach USD 6.9 billion by 2030, registering a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising number of surgeries is anticipated to accelerate the demand for temperature management devices. For instance, open heart surgeries require lowering of patient’s body heat through blood cooling, which helps in reducing the risk of post and perioperative surgical complications. 

Rising number of surgeries are undertaken, amid growing prevalence of cardiac arrest and other chronic cardiac diseases. Hence, this raises the need for the patient temperature management, in order to avoid the adverse effects on brain. For more effective results, patient warming systems are also used for cancer patients as adjuncts with chemotherapy and radiation therapy. Moreover, in neonatal care, newborns are likely to experience temperature fluctuations and hence, they are kept in incubators to maintain their normal body temperature. As a result, the aforementioned factors are contributing to the shigh demand for temperature monitoring devices. 

There is a growing need for modern temperature management systems along with rising demand for the conventional warming and cooling devices. Introduction of a wide range of surface warming and cooling systems by major market players is expected to positively impact the market during the forecast period. The blood & fluid temperature management devices have also evolved in recent times and are applied through a catheter by circulating warm or cool saline in the patient’s body. 

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Patient Temperature Management Market Report Highlights

• Patient warming systems dominated the market in 2023 because of the rise in the number of surgeries, which lowers the body temperature of patients due to the use of general anesthesia
• Due to the introduction of new products like cooling caps and blood & fluid cooling systems, patient cooling systems are expected to exhibit lucrative CAGR during the forecast period
• Surgery segment held the largest market share in 2023 because of the increasing number of cardiac and gynecological surgeries across the globe
• Operating rooms segment is expected to generate huge revenue due to the large number of surgical procedures being performed and the need for temperature management during these surgeries
• In 2023, North America dominated the market due to rising demand for the technologically advanced products within this region
• Asia Pacific is expected to show lucrative growth during the forecast period, due to the increasing sedentary lifestyle resulting in cardiac related disorders.

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Patient Temperature Management Market Segmentation

Grand View Research has segmented the global patient temperature management market based on product, application, end-use and region:

Patient Temperature Management Product Outlook (Revenue, USD Million, 2018 - 2030)

• Patient Warning Systems
  • Conventional Warning Systems
  • Surface Warning Systems
  • Intravascular Warning Systems
• Patient Cooling Systems
  • Conventional cooling Systems
  • Surface Cooling Systems
  • Intravascular Cooling Systems

Patient Temperature Management  Application Outlook (Revenue, USD Million, 2018 - 2030)

• General Surgery
• Cardiology
• Pediatrics
• Neurology
• Orthopaedic Surgery
• Thoracic Surgery
• Others

Patient Temperature Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Operating rooms
• Neonatal Care
• ICUs
• Emergency room
• Preoperative Care Units
• Postoperative Care Units
• Acute Care
• Burn Centers
• Cath Labs
• Neurological Care Units
• Others

Patient Temperature Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List Of Key Players Patient Temperature Management Market

• Stryker Corporation
• Zoll Medical Corporation
• Medtronic
• Bard Medical
• Cincinnati Sub-Zero Products, Llc
• 3M Company
• The 37company
• Atom Medical Corporation
• Geratherm Medical Ag
• Inditherm Plc

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.

Intravenous Solutions Market to Register Stable Expansion During 2024 – 2028: Grand View Research Inc.

 IV Solutions Market Growth & Trends

The global intravenous solutions market size is expected to reach USD 18.9 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The growing incidence rate of chronic diseases such as cancer, increase in the number of premature births, and shortage of I.V. solutions in the U.S. are some of the key factors expected to drive the market.

One of the prime areas wherein intravenous (IV) fluids find usage is severe dehydration. Severe dehydration is seen in diseases such as diarrhea, resulting in the depletion of fluids from the body. According to the WHO, in 2017, diarrhea was the second leading cause of death in children under 5 years of age with around 5,25,000 lives lost each year. Intravenous (IV) fluids can play a key role in the treatment and prevention of deaths caused due to the dehydration/fluid loss associated with diarrhea. Other cases where intravenous fluids find application include surgeries and emergency situations.

The ongoing COVID-19 pandemic is expected to have a positive impact on the market. Intensive Care Units (ICU) worldwide are either operating at full capacity or are overcrowded due to the high influx of patients infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). As per an article published by BBC, in January 2021, critical care wards across England were running in full capacity. Nutritional care is one of the essential elements in managing these patients. This has increased the demand for intravenous (IV) fluids, as many of the patients, especially the elderly population are placed on ventilators and are unable to consume food orally.

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IV Solutions Market Report Highlights

• The Total Parenteral Nutrition (TPN) segment led the segment in terms of revenue share in 2020 owing to its growing applications in the management of chronic diseases
• The increasing number of surgeries and post-operative nutritional management is a prime factor driving the vitamins and minerals (salt and electrolyte) segment’s growth
• North America dominated the market with a revenue share of nearly 40.8% in 2020 due to the high usage of IV fluids in the U.S.

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IV Solutions Market Segmentation

Grand View Research has segmented the global IV solutions market based on type, nutrients, and region:

Intravenous Solutions Type Outlook (Revenue, USD Million, 2016 - 2028)

• Total Parenteral Nutrition (TPN)
• Peripheral Parenteral Nutrition (PPN)

Intravenous Solutions Nutrients Outlook (Revenue, USD Million, 2016 - 2028)

• Carbohydrates
• Single Dose Amino Acid Solution
• Vitamins & Minerals (Salt and electrolyte)
• Parenteral Lipid Emulsion
• Others

Intravenous Solutions Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of IV Solutions Market

• Hospira
• Terumo Corporation
• Braun Melsungen AG
• Fresenius Kabi
• Baxter

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.

Thermoform Packaging Market Estimated To Flourish By 2028: Grand View Research Inc.

 Thermoform Packaging Market Growth & Trends

The global thermoform packaging market size is expected to reach USD 64.21 billion by 2028 registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. High adoption of products, such as blisters & clamshell packaging, containers, and trays & lids, by the end-user industries including food & beverages, electronics, pharmaceuticals, and personal care & cosmetics, coupled with increased penetration of organized and e-retail, have been driving the market from the past several years.

In thermoforming, the thermoplastic sheet is heated up to its pliable temperature and then placed over a mold until it cools and takes shape of the mold. A thin-gauge sheet, which is usually less than 0.060 inches, is mainly used to produce rigid disposable products, such as trays, bowls, containers, plates, and others. Thermoforming plastic molding process offers several advantages over injection molding including lower tooling cost, less wastage of material, and less per-unit cost for short-run production, owing to which the end-use industries, primarily food & beverages, mainly prefer thermoformed packaging products.

The packaged food industry, wherein thermoformed trays, containers, and tubs are widely used for the packaging of meat, fruits, eggs, and ready meals, is rapidly expanding across the world. Increasing urbanization and penetration of retail networks coupled with changing lifestyles are majorly contributing to the growth of the global packaged food industry, and thereby augmenting the product demand. Moreover, the rising micro-family structure, which creates demand for single-serve packaging, is expected to favor the growth of the market.

Global electronic manufacturers are mainly focusing on the development of compact devices, as they are easy to carry, which, in turn, is expected to benefit the usage of products such as trays and containers. However, electronics and food manufacturers are gradually shifting towards sustainable products, such as molded pulp trays. This increasing availability of alternative solutions coupled with the growing awareness regarding sustainability among consumers is likely to limit the market growth over the forecast period.

Due to their effectiveness, thermoformed blisters are widely utilized for the packaging of pharmaceutical solid oral dose products, such as capsules and tablets. These benefits of blisters along with their low cost and ease of usage are attracting North American pharmaceutical companies to switch from the traditional bottle packaging for solid oral doses, thereby supporting market growth. Moreover, the rising prevalence of chronic diseases coupled with the growing aging population has been driving the global pharmaceutical industry, which in turn, is expected to increase the product application scope in the pharmaceutical industry.

Asia Pacific is estimated to be the largest as well as the fastest-growing regional market from 2021 to 2028. This growth is credited to the rapid penetration of organized and e-retail sectors coupled with increased spending on processed food and consumer products, which drive the product demand in the regional market. Market participants across the globe compete on the basis of product differentiation and services offered. Pactiv LLC emerged as the market leader in 2020 on account of its wide-scale product offerings, especially for food & beverage applications.

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Thermoform Packaging Market Report Highlights

• The food & beverage end-user industry segment led the global market accounting for the largest revenue share of over 51% in 2020
• The segment will grow further at a steady CAGR from 2021 to 2028 owing to the rising adoption of thermoformed trays, containers, and blisters by packaged food manufacturers and meat processors
• The pharmaceutical end-user industry segment accounted for a significant revenue share in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
• This growth can be attributed to the extensive incorporation of thermoform blisters by the pharmaceutical companies for the unit dose packaging
• The containers product segment accounted for the highest revenue share of over 26% in 2020 owing to high product adoption in the packaging of ready meals and processed food & beverages by the food processing companies
• PET led the material segment with a revenue share of 45.0% in 2020 and is expected to witness significant growth from 2021 to 2028
• Low cost, versatility in molding, transparency, and ease of recycling offered by PET materials are the few factors responsible for the segment growth

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Thermoform Packaging Market Segmentation

Grand View Research has segmented the global thermoform packaging market on the basis of material, product type, end-user industry, and region:

Thermoform Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• PET
• PVC
• PS
• PP
• PE
• Others

Thermoform Packaging Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Blister
• Clamshell
• Skin Packaging
• Trays & Lids
• Containers
• Others

Thermoform Packaging End-user Industry Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverage
• Personal Care & Cosmetics
• Pharmaceuticals
• Electronics
• Homecare
• Others

Thermoform Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Thermoform Packaging Market

• Amcor
• Sonoco Products Company
• Placon Corp.
• Display Pack, Inc.
• Pactiv LLC
• Dart Container Corp.
• Constantia
• Tray-Pak Corp.
• D&W Fine Pack
• Lacerta Group, Inc.
• RPC Group Plc
• Silgan Holdings, Inc.
• Sinclair & Rush, Inc.
• Rompa 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.

Probiotics Market is Estimated To Attain $220.14 Billion by 2030

Probiotics Market Growth & Trends

The global probiotics market size is expected to reach USD 220.14 billion by 2030, growing at a CAGR of 14.0% from 2023 to 2030, according to a new study by Grand View Research, Inc. The market is experiencing steady growth driven by several factors including shifting dietary preferences toward healthier foods coupled with the rising consumer awareness about digestive health products. Manufacturers in the industry are increasingly focused on distribution agreements and partnerships for probiotic sales. For instance, in September 2020, OptiBiotix Health Plc., a UK-based probiotic nutritional supplement manufacturer, announced an exclusive distribution agreement with Ayalla Marketing for the former’s product distribution in Brazil. In such an agreement, manufacturers often decide the minimum order quantity to facilitate cost-effective shipments.

In addition, Meluka Australia, a company that expanded its probiotic range in collaboration with Probiotics Australia in 2021, also expanded its retail channels through other strategic alliances. The company launched an e-commerce channel via WhatsApp in March 2022. It implemented a conversational messaging technology offered by Gupshup for customer engagement. Its e-commerce store is accessible to Australian customers via the WhatsApp platform. Moreover, e-commerce is increasingly becoming popular owing to the availability of a wide range of supplements and probiotic food products. Various companies, especially new entrants, in the global market are collaborating with e-commerce companies to promote their products as well as achieve maximum market penetration.

In addition, supplement manufacturers are increasingly incorporating functional ingredients into products to increase their nutritional value. Ingredient suppliers and supplement manufacturers are focusing on product innovation to expand their portfolio of probiotics and probiotic-based foods and better cater to the specific nutrition conditions of consumers with digestive health problems. For example, in August 2021, SkinBio Therapeutics launched new probiotic supplements targeted at the skin condition psoriasis. This product launch was aimed at expanding the use of probiotics in different application areas.

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Probiotics Market Report Highlights

• The demand for probiotic dietary supplements is expected to grow at a CAGR of 14.1% from 2023 to 2030, driven by the growing consumer awareness of the health benefits offered by probiotic supplements
• The demand for yeast-based probiotics is projected to grow at a CAGR of 13.4% during the forecast period. Dietary supplements are made using yeast as it has proteins, amino acids, vitamin B, and peptides, and is safe for all age groups
• The sales of probiotics through supermarkets/hypermarkets dominated the market in 2022 with a revenue share of over 30% and are expected to continue dominance throughout the forecast period. The availability of a wide range of product offerings, also enabling easy comparisons for customers, is expected to drive this dominance
• The demand for probiotics in the Middle East & Africa region is expected to grow at a CAGR of nearly 15% during the forecast period. It is mainly driven by the increasing demand in countries, such as Saudi Arabia, South Africa, and UAE

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Probiotics Market Segmentation

Grand View Research has segmented the global probiotics market based on product, ingredient, end-use, distribution channel, and region:

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

• Probiotic Food & Beverages
  • Dairy Products
  • Non-dairy
  • Cereals
  • Baked Food
  • Fermented Meat
  • Dry Foods
• Probiotic Dietary Supplements
  • Food Supplements
  • Nutritional Supplements
  • Specialty Supplements
  • Infant Formula
• Animal Feed

Probiotics Ingredient Outlook (Revenue, USD Million, 2017 - 2030)

• Bacteria
• Yeast

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

• Human Probiotics
• Animal Probiotics

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

• Hypermarkets/Supermarkets
• Pharmacies/Drugstores
• Specialty Stores
• Online Stores
• Others

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

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

List of Key Players in Probiotics Market

• Arla Foods Group
• BioGaia AB
• Hansen Holding A/S
• Danone
• DuPont De Nemours, Inc.
• General Mills, Inc.
• i-Health, Inc.
• Lallemand Inc.
• Lifeway Foods Inc
• Mother Dairy Fruit & Vegetable Pvt. Ltd
• Kerry
• Nestle S.A.
• Probi AB
• Yakult Honsha Co., Ltd.

About Grand View Research

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

Silicone In Electric Vehicles Market to Reap Excessive Revenues By 2030

 Silicone In Electric Vehicles Market Growth & Trends

The global silicone in electric vehicles market is anticipated to reach USD 12.46 billion by 2030 and is anticipated to expand at a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing production and sale of electric vehicles is driving the market. Silicone exhibits properties such as superior electrical insulation, thermal conductivity, chemical stability, flame retardancy, heat resistance, radiation resistance, moisture resistance, chemical resistance, and resistance to environmental factors such as humidity and light. The siloxane (-Si-O-Si-) bond, which is highly stable, imparts stability to silicone. The binding energy of siloxane (-Si-O-Si-) bond is 433 kJ/mol, which is higher compared to carbon bonds (C-C) at 355 kJ/mol. The low intermolecular force of silicone molecules imparts high elasticity, high compression ability, and improved temperature resistance to silicone

The thermal conductivity of silicone enables lowering the operating temperature, thus enhancing and extending the battery life in electric vehicles. Thermal properties offered by silicone also proves useful for PCB component systems of electric vehicles.

Silicone offers better temperature resistance at both high and low temperatures in comparison to other rubbers. It can withstand a higher temperature limit of up to 150°C and a lower temperature limit of up to -40°C. The temperature resistance property exhibited by silicone widens its application scope in electric vehicles. Silicone deteriorates in different ways. One of the ways is when it is heated in the presence of air. It deteriorates due to hardening, which affects the elongation of silicone. While the other includes operating under sealed conditions. Under this condition, silicone deteriorates due to softening, which is due to the degradation of siloxane bonding. However, adding a suitable curing agent before or after silicone curing is likely to prevent the softening of silicone under hot and sealed conditions.

Silicone, when exposed to wind, rain, UV rays, and ozone, can withstand the changes occurring in its physical properties. Silicone, when immersed in water or exposed to steam to a temperature limit of 150°C, has no impact on its mechanical and electrical properties. Polar organic compounds such as alcohol, aniline, dilute bases, and dilute acids may result in increasing the volume of silicone by 10% to 15% due to swelling.

These useful properties of silicone are projected to propel the demand for different forms of silicone for use in an electric vehicle over the forecast period. The increasing use of rubber components to achieve weight reduction in the automotive industry is likely to boost the demand for rubber components. The increased demand for rubber components is, in turn, likely to fuel the growth of silicone rubber which impart various advantageous properties to rubber, and hence, finds use in electric vehicle components which is expected to propel the market demand of silicone over the forecast period.

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Silicone In Electric Vehicles Market Report Highlights 

• The elastomerssegment is expected to grow at the fastest CAGR of 9.8% during the forecast period 2024-2030. Elastomer was the most prominent silicone product segment in the electric vehicle market in 2023. The growth of this segment can be attributed to its wide range of applications such as housings, gaskets, and seals, for thermal insulation of various components such as portable control unit (PCU) housing and connector sealing.
• The battery electric vehicle (BEV) segment accounted for a market share of 66.8% in 2023. The increasing production and demand for battery electric vehicles globally are propelling the consumption of silicone in the automotive industry.
• The light motor vehicle (LMV) segment is expected to grow at a CAGR of 9.5% during the forecast period. Silicones are known for their excellent thermal stability. In electric vehicles, efficient thermal management is crucial to maintain optimal operating temperatures for batteries and electronic components. Silicone is also used in light motor vehicles for weight reduction, as silicone materials are lightweight.
• Asia Pacific dominated the market and accounted for a market share of 43.8% in 2023. This is attributed to the large-scale production of electric vehicles in the Asia Pacific region, with China being the world's largest producer of electric vehicles.
• In October 2022, Dow, a U.S.-based company, launched a new silicone product i.e., SiLASTIC SST-2650 self-sealing silicone, marking the world's inaugural recyclable solution for self-sealing tires made of silicone. Bridgestone has seamlessly integrated this innovative technology into their newly introduced B-SEALS, a tire sealant system designed with recyclability in mind.

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Silicone In Electric Vehicles Market Segmentation

Grand View Research has segmented the silicone in electric vehicles market on the basis of product, charging type, vehicle type and region:

Silicone in Electric Vehicles Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Elastomers
• Fluids
• Resins
• Others

Silicone in Electric Vehicles Charging Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Plugin Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)

Silicone in Electric Vehicles Vehicle Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Light Motor Vehicle
• Commercial Motor Vehicle

Silicone in Electric Vehicles Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Norway
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Thailand
  • South Korea
  • Indonesia
  • Malaysia
• Central & South America (MEA)
  • Brazil
  • Argentina
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa
  • UAE

List of Key Players in the Silicone In Electric Vehicles Market

• Wacker Chemie AG
• Elkem Silicones
• Dow
• B. Fuller Company
• Nexeon Limited
• ACC Silicones Ltd.
• KCC Corporation
• Rogers Corporation
• LORD Corporation
• Shin-Etsu Chemical Co., Ltd.

About Grand View Research

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

Application Specific Integrated Circuit Market Top Players ,Analysis And Forecast Till 2030: Grand View Research Inc.

 Application Specific Integrated Circuit Market Growth & Trends

The global application specific integrated circuit market size is anticipated to reach USD 25.08 billion by 2030, registering a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing adoption of application specific integrated circuit (ASIC) in healthcare applications is expected to drive market growth over the forecast period. The healthcare sector uses ASICs in various equipment such as digital X-rays, electrocardiography (ECG) machines, Computer tomography (CT) machines, and ultrasound machines.

Application specific integrated circuit is also extensively used in the automotive industry to ensure actuator movements, information handling, and safety-relevant actions. Based on product type, the market is segmented into full custom ASIC, semi-custom ASIC, and programmable ASIC. The demand for semi-custom ASIC in the consumer electronics and automotive industry has increased over the last few years. Features such as inductance and capacitance of semi-custom ASIC offer improved electrical performance and high density of the component. Also, semi-custom ASIC is partially customized to perform distinct functions within the field of their specific area of application. These ASICs are designed to allow some modifications during manufacturing, increasing demand for such ICs.

In addition to consumer electronics, the industrial sector is currently undergoing a significant transformation with a notable surge in the adoption of application specific integrated circuits. In industrial applications, ASICs are being employed to mitigate the occurrence of failures during the manufacturing process. Furthermore, the escalating demand for energy-efficient devices and the widespread integration of smartphones in the Asia Pacific (APAC) region are prominent drivers propelling substantial market growth. The technological advancements witnessed in the field of ASICs, encompassing significant developments in big data analytics, the Internet of Things (IoT), blockchain, and machine learning, are anticipated to play a pivotal role in bolstering market growth throughout the forecast period, extending up to 2030.

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Application Specific Integrated Circuit Market Report Highlights

• The ASIC market is expected to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including healthcare and aerospace & defense, among others
• The semi-custom ASIC segment accounted for the highest market share in 2022, owing to the growing demand for low complexity and allowance in the modification of circuits during the manufacturing process
• The consumer electronics industry is expected to register the highest growth over the forecast period, owing to the increasing use of ASICs within phones, tablets, and laptops across the globe
• Asia Pacific is anticipated to emerge as the fastest-growing region, owing to the presence of many consumer electronics manufacturers in the region
• New product development and expansion remains the major strategy adopted by the leading manufacturers in the market

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Application Specific Integrated Circuit Market Segmentation

Grand View Research has segmented the global application specific integrated circuit market based on product type, application, and region:

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

• Full Custom ASIC
• Semi-custom ASIC
  • Cell-based
  • Array-based
• Programmable ASIC

ASIC Application Outlook (Revenue, USD Million, 2017 - 2030)

• Telecommunication
• Industrial
• Automotive
• Consumer Electronics
• Others

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

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

List of Key Players in the Application Specific Integrated Circuit Market

• Broadcom Inc.
• STMicroelectronics
• Faraday Technology Corporation
• FUJITSU
• Infineon Technologies AG
• Comport Data
• Intel Corporation
• ASIX Electronics
• OmniVision Technologies, Inc.
• Semiconductor Components Industries, LLC
• Seiko Epson Corporation
• DWIN Technology
• Socionext America Inc.
• Tekmos 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.

Coal Power Generation Market Is Expected To Accomplish A Valuation Of Around 2,228.32 GW By 2028: Grand View Research Inc.

 Coal Power Generation Market Growth & Trends

The global coal power generation market demand to reach 2,228.32 GW by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.6% from 2020 to 2028. Strong energy demand is expected to drive the coal industry to generate electricity. Coal is a key material for electricity generation owing to its abundant availability and low cost. The COVID-19 pandemic has resulted in stagnated growth of industrial activities around the globe owing to lockdown measures imposed in most countries, which has reduced the demand for new coal-based plants for power generation in industrial sectors.

Its demand from prospective industrial customers is expected to be on the lower side on account of funds that were previously allotted for industrial development but were diverted to combat the COVID-19 crisis. Pulverized coal firing is traditionally the most widely used technology over cyclone furnaces or others due to higher thermal efficiency and lesser emissions. The factors, such as high emission rate, are expected to cater to the growth of Cleaner Circulating Fluidized Bed (CFB) systems with 1.0% CAGR over the forecasted period in comparison with the traditional technologies.

Uniper SE plans to end the commercial production of electricity of its Heyden 4 hard coal power plant in Germany by January 2021 and close the plant completely by July 2021. In October 2019, NTPC announced that it installed two 660 MW units at the Tanda and Khargone super thermal power generation stations. The availability of raw material is a key factor that affects any production process, controls its setup, and helps drive market growth. In the case of coal-fired power generation, coal is utilized as an energy source and is a major raw material used for power production.

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Coal Power Generation Market Report Highlights

• In terms of volume, the pulverized coal systems segment accounted for the maximum volume share in 2020 and is further expected to witness prominent growth over the forecast period
• The residential application segment dominated the market and accounted for more than 56% of the volume share in 2020
• In 2020, Asia Pacific accounted for the largest volume share of more than 74.5% and will retain the leading position throughout the forecast period
• The presence of well-established players in India, Japan, China, and South Korea is anticipated to provide further impetus to the APAC regional market growth
• On the other hand, Middle East & Africa is estimated to register the fastest CAGR over the forecast period

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Coal Power Generation Market Segmentation

Grand View Research has segmented the global coal power generation market based on technology, application, and region:

Coal Power Generation Technology Outlook (Volume, GW, 2016 - 2028)

• Pulverized
• Cyclone Furnaces
• Others

Coal Power Generation Application Outlook (Volume, GW, 2016 - 2028)

• Residential
• Commercial & Industrial

Coal Power Generation Regional Outlook (Volume, GW, 2016 - 2028)

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

List of Key Players of Coal Power Generation Market

• Uniper SE
• China Shenhua
• China Huadian Corporation Ltd. (CHD)
• Dominion Energy
• NTPC Ltd.
• KEPCO Engineering & Construction Company, Inc.
• Steag GmbH
• Duke Energy 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.

Consumer To Consumer E-Commerce Market to Expand at a CAGR of 24.3% Through 2030: Grand View Research Inc.

 Consumer To Consumer E-Commerce Market Growth & Trends

The global consumer to consumer e-commerce market size is anticipated to reach USD 7.91 trillion by 2030 and is projected to grow at a CAGR of 24.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. In C2C e-commerce marketplace, buyers can pay using a PayPal, credit card, or bank debits that both the buyer and the seller can link to a bank account, among other methods. Moreover, merchants pick Consumer to consumer (C2C) e-commerce over other websites is its range of accepted payment methods. In addition, after creating labels using eBay's shipping software, the seller sends their goods using package delivery services. Sellers can put an item for sale on C2C platforms without having to pay extra for marketing, promotion, or administrative work. The platform owner handles promotional features and quality control. Thus, driving the growth of the market in the forecasted period.

C2C websites are beneficial to buyers as well as sellers. Buyers can benefit from this cheaper price that a retail firm might not offer as the seller sets the pricing and can do without the overhead associated with typical retail companies. They also receive assurance that the sellers would be subject to quality monitoring. Customers can also enjoy the convenience of home buying with C2C commerce. On the other hand, a seller can benefit from the marketplace's online presence to rank well in search engine results. Sellers using this kind of eCommerce can not only reach more customers than they could on their own, but they can also do it more quickly. Thus, a well-designed C2C marketplace benefits both buyers and sellers when executed correctly, driving the market growth of the market.

Market players are also launching all-in-one multi-vendor solutions with configurable user interfaces, thoughtful user experiences, and advanced technological stacks to increase sellers' client base and boost sales. C2C e-commerce website offers live chat, variable payments, one-page checkout, detailed personal user accounts, and marketing tools that are all customized to meet business needs and designed to draw in customers and interact with sellers. Additionally, integrated SEO optimization, intelligent search, a commenting and review system, and other features that encourage people to stay on your platform can help you build your income on your marketplace. Thus, the market is growing as a result of these causes more and more.

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Consumer To Consumer E-Commerce Market Report Highlights

• Clothing & footwear is anticipated to register a highest CAGR from 2024 to 2030 in the C2C e-commerce market. The market is anticipated to expand as a result of changing retail tactics and rising consumer demand. The dynamics of the apparel manufacturing sector have also changed recently, which has led to a shift in the top exporting nations' rankings to include China, Bangladesh, Turkey, India, and Cambodia
• The Asia Pacific region is expected to grow at a highest CAGR in the forecast period. Supportive government initiatives for digitalization, increasing usage of smartphones, and significant penetration by global market players are some of the prominent factors driving the Asia Pacific C2C e-commerce market growth
• In April 2023, Alibaba introduced its own AI chatbot, called Tongyi Qianwen. Alibaba also opened registration for companies to test its AI application. It is expected that application of AI chatbot in the e-commerce marketplace would drive the demand for the C2C e-commerce market

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

Consumer To Consumer E-Commerce Market Segmentation

Grand View Research has segmented the global consumer to consumer (c2c) e-commerce market report based on product category and region:

C2C E-Commerce Product Category Outlook (Market Value, USD Billion; 2018 - 2030)

• Automotive
• Beauty & Personal Care
• Books & Stationery
• Consumer Electronics
• Clothing & Footwear
• Home Décor & Electronics
• Sports & Leisure
• Travel & Tourism
• Media & Entertainment
• Information Technology (Software)
• Others

C2C E-Commerce Region Outlook (Market Value, USD Billion; 2018 - 2030)

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

List of Key Players in the Consumer To Consumer E-Commerce Market

• Airbnb, Inc.
• Alibaba Group Holding Limited
• com, Inc.
• com
• BigCommerce
• Craigslist, Inc.
• eBay Inc.
• OLX, Inc.
• Quikr India Private Ltd.
• Shopee
• Shopify Inc.
• Squarespace, Inc.
• com
• com
• WooCommerce

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.

Plant-based Meat Market Poised to Expand at a Robust Pace of $24.80 Billion Over 2030: Grand View Research Inc.

 Plant-based Meat Market Growth & Trends

The global plant-based meat market size is expected to reach USD 24.80 billion by 2030, expanding at 24.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.Growing adoption of vegan lifestyle and diet among health-conscious consumers in traditionally meat-eating developed economies are expected to drive the market growth over the forecast period.

The growing concern of consumers regarding animal welfare and greenhouse gas emission created by the distinguished practices of the meat industry, together with celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for plant-based meat products in the global market.

The plant based meat is predominantly consumed in the Hotel/Restaurant/Café (HORECA) sector. Key companies in the industry are collaborating with fast-food joints and restaurant chains to promote the adoption of their products. For instance, fast-food joints such as Burger King, MacDonald’s, and Subway are launching new vegan meat products to capitalize on the industry dominated by health-conscious customers.

The plant based burgers are likely to exhibit steady growth over the upcoming years on account of rising consumer concerns regarding conventional meat products in the wake of the coronavirus pandemic. The plant-based burgers are known to offer low-gluten and low-fat contents, which makes them a highly favored product amongst health-conscious individuals.

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Plant-based Meat Market Report Highlights

• The plant-based sausage segment is projected to ascend at a CAGR of 26.8% over the forecast period. Shifting consumer inclination towards plant-based diets and rising consumption of sausages via retail channels on account of taste, texture, and convenience are anticipated to spur product demand across the globe
• Soy-based product segment accounted for more than 48.55% of the revenue share in the market in 2022, owing to its protein-rich content and widespread popularity
• The rising trend of a vegan diet in European countries has pushed the demand for plant-based meat products in the region. The U.K., known for a variety of fresh and high-quality meat delicacies is now home to the largest vegan population in the world
• In June 2020, Starbucks, in collaboration with Impossible Foods Inc., introduced the Impossible Breakfast Sandwich to its menu in most of its locations in the U.S. The sandwich is made withplant-based sausage and was launched as part of the Starbuck sustainability initiative to meet the rising consumer interest in the plant-based options

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

Plant-based Meat Market Segmentation

Grand View Research has segmented the global plant based meat market based on source, product, type, end-user, storage, and region.

Plant-based Meat Source Outlook (Revenue, USD Million, 2017 - 2030)

• Soy
• Pea
• Wheat
• Others

Plant-based Meat Product Outlook (Revenue, USD Million, 2017 - 2030)

• Burgers
• Sausages
• Patties
• Nuggets, Tenders & Cutlets
• Grounds
• Others

Plant-based Meat Type Outlook (Revenue, USD Million, 2017 - 2030)

• Chicken
• Pork
• Beef
• Fish
• Others

Plant-based Meat End-User Outlook (Revenue, USD Million, 2017 - 2030)

• Retail
• HORECA

Plant-based Meat Storage Outlook (Revenue, USD Million, 2017 - 2030)

• Refrigerated
• Frozen
• Shelf-stable

Plant-based Meat Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • The Netherlands
• Asia Pacific
  • China
  • Japan
  • Australia & New Zealand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE

List of Key Players in the Plant-based Meat Market

• Beyond Meat
• Impossible Foods Inc.
• Maple Leaf Foods (Field Roast & Maple Leaf)
• Vegetarian Butcher
• Conagra, Inc. (Gardein Protein International)
• Kellogg NA Co. (MorningStar Farms)
• Quorn
• Amy's Kitchen, Inc.
• Tofurky
• Gold&Green Foods Ltd.
• Sunfed
• VBites Foods Limited
• Kraft Foods, Inc.
• Lightlife Foods, Inc
• Trader Joe's
• Yves Veggie Cuisine (The Hain-Celestial Canada, ULC)
• Marlow Foods Ltd. (Cauldron)
• Ojah B.V.
• Moving Mountains
• Eat JUST Inc.
• LikeMeat GmbH
• Gooddot
• OmniFoods
• No Evil Foods
• PRAEGER'S SENSIBLE FOODS

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.

Electric Bus Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Electric Bus Market Growth & Trends

The global electric bus market size is expected to reach USD 121.99 billion by 2030, expanding at a CAGR of 20.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising demand from private transit agencies, city planners, and private institutions for alternatives to conventional buses andincrease in production of cost-effective batteries are main factors driving the growth. Additionally, increasing developments in the deployment of fast-charging infrastructures are further contributing to the adoption of electric buses in the global market.  

Increased government support for electrifying public transportation will further propel the market growth. For instance, in March 2023, the Government of Canada announced an investment of USD 150,000 to conduct a feasibility study for electric buses and build a fleet transition plan for the city of Belleville. Furthermore, this initiative is expected to assess the city’s ability to transition to zero-emission buses. Several companies such as BYD, and AB Volvo have managed to penetrate the European market by providing electric buses in bulk quantity. For instance, in 2021, BYD secured the largest order from Europe for supplying 246 electric buses to the Netherlands.

Moreover,enacting stringent environmental and government emission standards will unleash the potential for the expansion of the electric bus industry. Several government entities have introduced innovative pollution reduction programs with incentives to encourage the use of electric buses for public transportation. In addition, customers are increasingly adopting alternative and innovative energy vehicles as a result of the global transportation sectors coupled with dwindling crude oil prices.

Rising investment by the government to boost the battery charging infrastructure is expected to fuel the electric bus industry. For instance, in February 2023, the U.S. government will be investing USD 7.5 billion for the development of the battery charging infrastructure and achieve the goal of installing about 500,000 chargers nationwide by 2030.

Asia Pacific region dominated the electric bus industry in 2022. China is the market leader both locally and internationally. China is renowned for having an enormous fleet of electric buses and taking major strides to achieve the goal of 20 million electric buses on roads by 2030. The Chinese government has established public transit zones for the usage of these vehicles. The region employs more battery-powered buses as a result of government initiatives. Additionally, the market's expansion in this area is being fueled by the presence of bus manufacturing giants and the rapid expansion of battery charging infrastructure is further fueling the growth of the market in this region.

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Electric Bus Market Report Highlight

• The electric bus industry is expected to exceed 265 units by 2030 and witness high pace growth during the forecast period
• Government investments to boost existing battery charging infrastructure is expected to encourage potential bus purchasers to adopt battery-powered electric bus over the diesel buses in the market
• Government-provided incentives, subsidiaries, and rebates to replace the existing bus fleet with the electric bus are expected to propel the growth of the electric bus industry
• Rising demand for emission-free public transportation is expected to drive the electric bus industry growth during the forecast period
• Growing concern for cost and fuel-effective commuting has fostered the growth of the electric bus industry
• The electric bus manufacturers’ focus to develop technologically advanced buses is expected to drive electric bus industry growth during the forecast period 2023 to 2030.

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

Electric Bus Market Segmentation

Grand View Research has segmented the global electric bus market based on vehicle type, battery type, application, end-use, and region:

Electric Bus Vehicle Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle

Electric Bus Battery Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Lithium Nickel Manganese Cobalt Oxide
• Lithium Iron Phosphate

Electric Bus Application Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Intercity
• Intracity

Electric Bus End-use Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Public
• Private

Electric Bus Regional Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Electric Bus Market

• BYD Company Limited
• AB Volvo
• Proterra
• Man Se
• Nissan Motor Corporation
• Ashok Leyland Limited
• Diamler Buses
• Zhengzhou Yutong Bus Co., Ltd.
• TATA Motors Limited
• Hyundai Motor Corporation

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. Medical Device Manufacturers Market Poised to Expand at a Robust Pace of $360.1 Billion Over 2030: Grand View Research Inc.

U.S. Medical Device Manufacturers Market Growth & Trends

The U.S. medical device manufacturers market size is expected to reach USD 360.1 billion by 2030 and is projected to expand at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. The regional market is significantly driven by the high healthcare expenditure of the country. The increasing geriatric population coupled with the rising prevalence of chronic diseases is also expected to augment the market growth over the forecast period.

The COVID-19 pandemic triggered a drastic rise in demand for medical consumables and patient aids, such as gloves, syringes, masks, PPE kits, infrared thermometers, pulse oximeter, testing kits, etc. This resulted in an immense opportunity for the existing players as well as new entrants. However, the pandemic also resulted in a massive reduction in elective procedures, such as bariatric surgeries, joint replacement surgeries, cosmetic surgeries, etc., thus restricting the growth of medical devices used in the aforementioned procedures. The market recovery can be expected from mid-2021 onwards with favorable government initiatives to re-launch elective procedures.

Growing investments in medical device R&D along with the high adoption rate of advanced technology in the U.S., create the perfect business environment for medical device manufacturers in the country, providing them with lucrative opportunities to accelerate their business operations. Increasing adoption of minimally invasive surgeries in the country is also driving the market. In addition, rising cases of accidental injuries coupled with diseases caused due to sedentary lifestyle will propel the market growth over the forecast period.

The U.S. has favorable reimbursement policies such as the U.S. Medicare system. Boston Scientific Corp., in association with the Centers for Medicare and Medicaid Services (CMS), offers reimbursement for all devices that fall under Ambulatory Payment Classifications (APCs), covered under C-codes. These favorable reimbursement structures are expected to fuel market growth; however, the ever-evolving nature of regulations may lead to abrupt amends, which may significantly impact the market.

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U.S. Medical Device Manufacturers Market Report Highlights

• Drug delivery devices held a dominant market share of 28.2% in 2023. Factors responsible for the estimated share include patient convenience and compliance, rising prevalence of chronic diseases, technological advancements to improve disease management, and increasing geriatric population.
• In March 2023, a team of scientists at Northwestern University, U.S., developed a novel drug-delivery technology that is expected to have implications for the opioid epidemic and cancer treatment and to improve rehabilitation care.
• The growing strategic initiative by industry leaders is also driving market growth
• In 2023, Medtronic and DaVita Inc. announced the launch of a new company, Mozarc Medical. The company aims to create solutions for kidney health.
• Furthermore, in 2023, GE HealthCare signed a USD 44 million contract with the Biomedical Advanced Research and Development Authority. Within this contract, GE is expected to provide diagnostic and imaging solutions to treat traumatic injuries.

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

U.S. Medical Device Manufacturers Market Segmentation

Grand View Research has segmented the U.S. medical device manufacturers market on the basis of type:

U.S. Medical Device Manufacturers Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Orthopedic Devices
• Cardiovascular Devices
• Neurology Devices
• Drug Delivery Devices
• Ophthalmic Devices
• Nephrology & Urology Devices
• Others

List of Key Players in U.S. Medical Device Manufacturers Market

• Stryker
• Cardinal Health
• Eli Lily and Company
• Intuitive Surgical
• Edwards Lifesciences Corporation
• BD
• Danaher
• 3M
• Abbott
• Baxter
• Braun SE
• GE Healthcare
• Johnson & Johnson Services, Inc.
• Medtronic
• Boston Scientific Corporation

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.