3D Printed Drugs Market to Observe Strong Development by 2030: Grand View Research Inc.

 3D Printed Drugs Market Growth & Trends

The global 3D printed drugs market is expected to reach USD 269.74 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.32% from 2022 to 2030. The rising prevalence of chronic diseases, combined with the rising population of patients with dysphagia around the globe is pushing the demand for immediate soluble medications, which is likely to drive the market. For instance, according to a study published in April 2022, the prevalence of oropharyngeal dysphagia is high in conditions such as stroke and aging and is reported to be 26.19% in the elderly.

An increase in the aging population has led to the growing demand for the development of easy-to-swallow pills for the elderly. The 3D printed highly soluble and easy-to-swallow drugs can help the elderly who have difficulty swallowing. Moreover, according to the United Nations, the number of people aged 65 and more in 2050 is projected to be 1.5 billion. Thus, the growing elderly population across the world would propel the demand for easy-to-swallow drugs resulting in market growth.

Other factors such as quickly expanding demand for pharmaceuticals, technical improvements in healthcare, as well as the government's focus and expenditures in the 3D printing industry, are also contributing to the market's growth. For instance, in March 2022, Evonik Venture Capital invested in Nevada-based Laxxon Medical for the manufacturing of 3D-printed tablets. The latter company has developed a 3D screen-printing technology for the production of structured tablets with the controlled release of API over time. Such investments are likely to supplement the market growth in the coming years.

The COVID-19 pandemic is anticipated to positively impact market growth. Several printers have been launched by the operating companies in the advanced manufacturing industry to help increase the manufacturing of medications and other necessary products. As a result, the usage of these technologies is projected to increase during the COVID-19 pandemic.

The growing demand for personalized medicine is expected to majorly drive market growth in the coming years. As 3D printing of pharmaceutical drugs can produce personalized medicine in small batches with carefully tailored shapes, dosages, and sizes, the market is anticipated to grow at an exponential rate in the near future. In addition, the use of 3D printing technology can significantly reduce manufacturing costs thus, further increasing investments in this space.

On the other hand, adverse effects from these drugs, the use of 3D printing to create illegal drugs, and a lack of government restrictions for 3D printed products are limiting the market's growth. For instance, in March 2018, a police case was filed in Amsterdam, for the illegal handling of these drugs. However, increased awareness of the benefits of these medications, such as their immediate solubility, faster manufacturing time, reduced waste, and easy on-demand manufacturing is likely to create multiple prospects for market growth.

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3D Printed Drugs Market Report Highlights

• By technology, the zip dose segment held the largest share of the 3D market. This is attributed to the increase in the requirement for rapid soluble drugs that disperse quickly in the mouth, which in turn is likely to increase the adoption and anticipate market growth.
• The inkjet printer segment is expected to grow lucratively during the forecast period. Due to the 3D medications can be personalized to each patient's needs, assisting them far more than batch-produced medicines, their demand is expected to skyrocket in the coming years.
• By application, the neurology segment held a larger share of the global market. This is attributed to an increase in the proportion of older people, which is at an increased risk of developing neurological disorders and hence, propelling the market growth.
• By end-use, the hospitals & clinics segment held a larger share in 2021, owing to the growing demand for personalized medicines and the cost-effective use of bio-drugs employing this technology.
• North America dominated the global market in 2021 due to the availability of technologically advanced healthcare research framework, the presence of high R&D investment, and the development of 3D printed drugs in the region.
• The Asia Pacific is expected to grow considerably in the future owing to the rising prevalence of chronic diseases and the presence of key players.
• A few of the key market players include 3D Printer Drug Machine, Aprecia Pharmaceuticals, BV LLC, Hewlett Packard Caribe, and others.

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3D Printed Drugs Market Segmentation

Grand View Research has segmented the global 3D printed drugs market based on technology, application, end-user, and region:

Technology Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Inkjet Printing
• Fused Deposition Modeling
• Stereolithography
• ZipDose Technology

Application Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedic
• Neurology
• Dental
• Others

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

• Hospitals & Clinics
• Research Laboratories
• Others

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

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

List of Key Players in the 3D Printed Drugs Market

• Aprecia
• Extend Biosciences
• Bioduro
• Affinity Therapeutics
• Osmotica Pharmaceuticals
• Aprecia Pharmaceuticals LLC
• GlaxoSmithKline Plc
• FabRx Ltd
• Hewlett Packard Caribe
• Merck
• Cycle Pharmaceuticals
• AstraZeneca

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.

Expansion of Clinical Trials Support Services Market During 2023 – 2030 to Gain Robust Traction: Grand View Research Inc.

Clinical Trials Support Services Market Growth & Trends

The global clinical trials support services market is expected to reach USD 37.1 billion by 2030, registering a CAGR of 7.50% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing the number of CROs offering clinical trial support services, and huge investment in research & development by the pharmaceutical and biopharmaceutical companies are the key factors driving the market growth. The industry felt the impact of the COVID-19 pandemic. The pandemic disrupted the supply chain to a severe extent in 2020. However, it also revealed ways to grow, either through M&A or through the adoption of digital technologies in clinical research.

Clinical trials encounter some concerning statistics, such as 85% of the clinical trials fail to recruit enough participants, 80% are delayed due to recruiting challenges, and the rate of dropout of participants is increasing. However, to overcome this, a patient retention strategy that is engaging and gives clarity is required. It is critical to ensure that the informed consent materials are simple to grasp. According to a CISCRP study, 35% of trial participants who later dropped out stated that informed consent was difficult to comprehend. An average American is 7th to 8th grade educated, and it is critical to guarantee and analyze the material’s readability before submitting it to the Institutional Review Board (IRB).

Adoption of virtual clinical trials across the clinical trials support services industry is one of the major factors that has boosted revenue growth post-pandemic. An increasing number of clinical research organizations are focusing on the adoption of virtual technologies to streamline their clinical research services. According to the latest Annual CRO Report by the Veeva Unified Clinical Operations Survey, CROs are making significant advancements to speed up and modernize clinical trials. Findings from Veeva Systems reflect that CROs have taken decisive action to streamline trial execution by adopting new technologies and digital strategies that replace manual processes, eradicate information siloes, and enable trial collaborations.

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Clinical Trials Support Services Market Report Highlights

• The clinical trial site management segment dominated the market with a revenue share of more than 44.5% in 2022. High cost associated with site monitoring and site recruitment is one the key factors for the largest share.
• The phase III segment accounted for the maximum revenue share of 54.1% in the global market in 2022. Phase III clinical trials are highly expensive due to the involvement of huge subjects. The failure rate in this phase is the highest as the sample size and study design require complex dosing at an optimum level.
• Pharmaceutical & biopharmaceutical companies dominated the market with the largest market share of 70.3% in 2022. Increasing R&D investments and the introduction of new drugs are primarily driving the segment market.
• Asia Pacific is projected to be the registered fastest-growing CAGR of 8.5% during the forecast period.

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Clinical Trials Support Services Market Segmentation

Grand View Research has segmented the clinical trials support services market based on service type, phase, sponsor, and region:

Clinical Trials Support Service Outlook (Revenue, USD Million, 2018 - 2030)

• Clinical trial site management
• Patient recruitment management
  • Patient recruitment & registry
  • Patient retention
  • Others
• Data management
• Administrative staff
• IRB
• Others

Clinical Trials Support Services Phase Outlook (Revenue, USD Million, 2018 - 2030)

• Phase I
• Phase II
• Phase III
• Phase IV

Clinical Trials Support Services Sponsor Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & Biopharmaceutical companies
• Medical Devices
• Others

Clinical Trials Support Services Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of key players in the global Clinical Trials Support Services Market

• Charles River Laboratories International, Inc.
• Wuxi Apptec, Inc
• Iqvia Holdings, Inc
• Syneos Health, Inc.
• Eurofins Scientific
• Ppd, Inc. (Pharmaceutical Product Development)
• Icon Plc
• Laboratory Corporation Of America Holdings (Labcorp)
• Alcura
• Parexel International 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.

Books Market to Expand at a CAGR of 2.4% Through 2030: Grand View Research Inc.

 

Books Market Growth & Trends

The global books market size is expected to reach USD 164.22 billion by 2030, expanding at a CAGR of 1.8% during the forecast period, according to a new report by Grand View Research, Inc. Increasing consumer expenditure on books, fueled by rising incomes and interest, as well as ongoing format improvements that have improved the entire reading experience, are among the primary reasons driving the book business forward. Independent publishers have been on a rise in the recent past. According to Linchpin SEO, there were approximately 69,709 independent publishers in the book industry as of 2020. In response to the apparent monopoly in traditional publishing, excluded individuals have turned to independent publishers not associated with large publishing houses.

While traditional publishing companies seek to corner the market, independent publishers provide an opportunity for diversity and inclusion among authors and niches. These publishers are smaller and, in some cases, completely digital and that is the key behind their numbers increasing year on year. Along with this, most large publishers are privately owned. So, it is difficult to assess the number of books being sold globally and the revenue that is generated from it.

The growing trend of the reverse supply chain, also known as re-commerce, offers new opportunities for selling used books. Re-commerce exemplifies the growing trend toward transforming consumption through reuse. Thus, re-commerce retailers such as Momox, reBuy, and Quoka.de are the biggest drivers of the industry. While printed books are irreversibly on a path of decline, it remains an extremely large market for print. Business model changes have shifted control over the value chain to authors and retailers, making demand unpredictable. Digital production inkjet print technology opens the window for book manufacturers to respond to compressed patterns of demand through labor and inventory cost savings.

Offset and digital production printing will coexist for the foreseeable future, but few book manufacturers will be able to justify reinvestment in offset printing technology; most will not have a choice but to invest in digital production printing systems if they are to survive and grow. A changing retail distribution landscape will further force the adoption of more automated and flexible book printing and manufacturing. As booksellers adapt to online business models in a fraught global economic moment, 2021 could determine whether independent bookstores survive. Owners say that it is not just their solvency at stake but also the role of books across global communities.

In terms of the supply chain, the production process in the entire industry has slowed due to the coronavirus outbreak. For instance, Amazon has been experiencing changes in its ability to ship products worldwide from the U.S. This has affected Kindle Direct Publishing’s ability to fulfill orders for proof and author copies.

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Books Market Report Highlights

• North America is expected to contribute a majority of the share to become the largest division in the global revenue in 2023. The existence of a high number of independent publishers and publishing companies in the region is expected to spur regional market growth. A wide network of wholesalers and distributors around the region also makes it easier for readers to find books in various forms
• For many readers, literary fiction provides a much-needed escape from everyday life. This effect is even more pronounced in the fantasy genre, where—untethered from scientific and societal laws are limited only by their imagination—fantasy authors explore themes by creating their worlds
• During the forecast period, the local book shops segment is expected to account for the largest market share. Independent bookstores play an important role in the communities they serve, serving a safe haven for children after school to a fun way for a group of friends to spend a Saturday afternoon. According to an article released by indigo9digital, the number of independent bookshops in the United States declined by 40% between the mid-1990s and 2009.

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Books Market Segmentation

Grand View Research has segmented the global product lifecycle management market based on type,format, end-use,distribution channel and region:

Books Type Outlook (Revenue, USD Billion; 2018 - 2030)

• Science
• Historical
• Mystery
• Fantasy
• Literary
• Contemporary/Realistic
• Romance
• Educational
• Comic
• Others

Books Format Outlook (Revenue, USD Billion; 2018 - 2030)

• Facial Hard Copy
• E-Books
• Audiobooks

Books Distribution Channel Outlook (Revenue, USD Billion; 2018 - 2030)

• Online
• Local Book Shops
• Retail Shops
• Specialty Stores

Books Regional Outlook (Revenue, USD Billion; 2018 - 2030)

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

List of Key Players in Books Market

• Penguin Random House
• Hachette Book Group
• HarperCollins Publishers
• Simon & Schuster, Inc.
• Pearson
• Macmillan Publishers
• Scholastic Inc.
• Marvel Comics
• Morris Publishing
• IDW Publishing

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.

Compact Electric Construction Equipment Market Forecast 2030: Top Companies, Trends and Growth Factors Details for Business Development

 Compact Electric Construction Equipment Market Growth & Trends

The global compact electric construction equipment market size is expected to reach USD 138,748.4 million by 2030, advancing at a CAGR of 13.9% during the forecast period, according to a new study by Grand View Research, Inc. The need for more infrastructure, including homes, offices, schools, hospitals, and sports facilities is rising, as urbanization defines developing nations.

Thus, there is an exponential increase in demand for compact construction equipment that can work in small spaces, is portable, and has minimal maintenance and operating expenses, which is expected to hasten the growth of the market for compact electric construction equipment. For instance, in 2019, the government of India announced an investment of USD 1.4 trillion for infrastructure projects during the 2019-2023 period. This signifies the imminent demand for compact construction equipment in the country.

Increased environmental concerns and governmental laws, which are encouraging manufacturers to invest in creating new eco-friendly products like electric vehicles for construction applications, are a factor for this strong growth. Additionally, the increased urbanization in emerging economies is significantly pushing the demand for compact electric construction equipment, because it enables building projects to advance more quickly and with less effort.

Major players are moving towards online channels to push sales, which is anticipated to drive market growth. For example, in March 2022, Volvo CE made available a 2.5-ton battery-powered compact Volvo electric excavator in Asia. By releasing the product, the corporation anticipates increased sales and brand value in Western markets. Rapid urban infrastructural investments and a move towards adopting smart construction equipment to combat rising pollution are likely to lead countries like India and Japan to rapid economic growth. This is expected to enhance the demand for smart electric excavators.

Another factor anticipated to contribute to the compact electric construction equipment market's expansion is the exponential rise in demand from the warehouse sector for small, battery-powered forklifts that enable them to reduce operational costs and do away with the need for labor. To address escalating environmental issues, governments worldwide are outlawing the usage of ICE engines. The strategy that automakers are using to create and introduce electric vehicles is shifting as a result of the ban on fossil fuel vehicles.

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Compact Electric Construction Equipment Market Report Highlights

• In the market for compact electric construction equipment, it is especially important to understand consumer behavior since it is a relatively new and rapidly evolving industry. The primary motivation for consumers is the desire to reduce their environmental impact
• Based on product, the forklift segment held the largest revenue share in 2022 and is expected to continue its dominance over the forecast period. Electric forklifts are generally cheaper to operate than their traditional counterparts. They have fewer moving parts, require less maintenance, and are more energy-efficient, resulting in lower operating costs
• The loader segment is expected to witness rapid growth over the forecast period due to the high demand for compact loaders from the construction sector. Electric loaders have lower maintenance costs with fewer moving parts and require less frequent servicing than diesel engines
• Based on ton, the below 5-ton segment held the largest revenue share of over 38.0% in 2022. This can be attributed to the increasing demand for compact construction machinery to increase operational efficiency and lower the environmental impact
• The above 8 ton segment is expected to witness significant growth in the global market due to high demand from industries for compact electric excavatorsand loaders that have a high load-carrying capacity
• Asia Pacific is expected to advance at a substantial CAGR of over 17.0% over the forecast period, which can be attributed to rapid infrastructure development activities in the region. The governments in several Asia Pacific countries, including China, Japan, and South Korea, have introduced initiatives and policies to promote the adoption of electric vehicles and equipment

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Compact Electric Construction Equipment Market Segmentation

Grand View Research has segmented the global compact electric construction equipment market on the basis of product, ton, and region:

Compact Electric Construction Equipment Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Forklift
• Loader
• Excavator
  • Mini
  • Midi
• AWP
  • Telehandler
  • Boom
  • Scissor

Compact Electric Construction Equipment Ton Outlook (Revenue, USD Billion, 2018 - 2030)

• Below 5 Ton
• 6 to 8 Ton
• 8 to 10 Ton

Compact Electric Construction Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Compact Electric Construction Equipment Market

• Caterpillar
• JCB
• HAULOTTE GROUP
• Wacker Neuson SE
• Toyota Motor Corporation
• Hyster-Yale Group, Inc.
• SANY Group
• Volvo CE
• Hyundai CE

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.

Expanded Polypropylene Foam Market to Witness a Pronounce Growth During 2023 – 2030: Grand View Research Inc.

 Expanded Polypropylene Foam Market Growth & Trends

The global expanded polypropylene foam market size is expected to reach USD 2.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.24% from 2023 to 2030. The market for EPP foam is anticipated to increase as lightweight, reusable, non-toxic materials become more common in furniture, packaging solutions, automotive components, ducting, sealing, and electronic items. The various densities of the foam are suitable for a range of uses, including furniture, consumer products, and packaging, along with several physical properties including impact resistance, noise insulation, and thermal insulation. Due to the growing number of end uses for it, the expanded polypropylene foam market is anticipated to expand.

The usage of PU, PE, PVC, PP, and acrylic materials for automobile parts such as hood and door panels, trim components, floor, and bumper parts are a result of technological advancements in the automotive industry and the increased emphasis on energy efficiency, light, and durable materials. Foam materials are used in seating, trim, and bumpers to help lighten the vehicle and increase its longevity, fuel efficiency, ride comfort, and total cost. The growing demand for electric and hybrid vehicles has increased the need for strong, lightweight materials. Over the course of the forecast period, this is anticipated to fuel demand for EPP foam in the automotive industry.

High investments and increasing consumer disposable income and changing lifestyles are expected to drive the growth of the automotive sector in the country. Countries including Brazil, Japan, and Mexico are following similar trends prevailing in India, which, in turn, is likely to propel the demand for EPP foam in automotive applications. Furthermore, the presence of stringent government regulations regarding pollution control, noise control, and fuel efficiency in cars has led manufacturers to focus on the aforementioned features.

High-density expanded polypropylene foams are used for energy management systems like bumpers, side tails, and safety parts of vehicles. They are also used in industrial packaging applications due to their strength against impacts. With the increasing consumption of lightweight and premium products, the demand for high-density expanded polypropylene foam is expected to rise during the forecast period. Rising demand for electric and hybrid cars at a global level is likely to propel the use of light and chemically stable materials for auto components. This is further anticipated to rise the demand for EPP foam and molded products over the forecast period.

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Expanded Polypropylene Foam Market Report Highlights

• In terms of revenue, the high-density product accounted for a prominent share of the market in 2022 and is further expected to witness prominent growth during the forecast period.
• Bumpers application dominated the market and accounted for more than 42% of the revenue share in 2022. Expanded polypropylene (EPP) foam is suitable for automobile applications for its properties like lightweight, durability, recyclability, and improved performance for energy management. This factor is expected to boost the expanded polypropylene foam market in the bumpers industry.
• As of 2022, the Asia Pacific accounted for more than 40.0% of the market share in terms of revenue. The growing population, changing lifestyles, and rise in purchasing power among consumers have propelled the growth of packaged food and beverages, which, in turn, is expected to boost the demand for EPP foam in the region.
• Major top players are continuously working on developing their manufacturing plants owing to the increased usage of expanded polypropylene (EPP) foam in the consumer goods industry. For instance, In January 2022, With nearly 100% recycled material, JSP created ARPRO Revolution. This product is ideal for non-technical uses like furniture, leisure, and packaging because it has the lowest carbon footprint.

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Expanded Polypropylene Foam Market Segmentation

Grand View Research has segmented the global expanded polypropylene foam market based on product, application, and region:

EPP Foam Product Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• High Density
• Low Density
• Medium Density

EPP Foam Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Bumpers
• Roof Pillars
• Seat Bracing
• Armrests
• Others

EPP Foam Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

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

List of Key Players of the Expanded Polypropylene Foam Market

• JSP
• BASF SE
• KANEKA CORPORATION
• DS Smith
• FURUKAWA ELECTRIC CO., LTD.
• Hanwha Group
• Sonoco Products Company
• Knauf Industries
• Izoblok
• DONGSHIN INDUSTRY INCORPORATED
• Clark Foam Products Corporation
• Paracoat Products Ltd.
• Molan-Pino South Africa
• Signode Industrial Group LLC
• Armacel

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.

Animal Pregnancy Test Kit Market is Expected to Enhance $62.36 Million Revenue By 2030: Grand View Research Inc.

 Animal Pregnancy Test Kit Market Growth & Trends

The global animal pregnancy test kit market size is anticipated to reach USD 62.36 million by 2030, registering a CAGR of 4.68% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors driving the industry growth include increasing animal population, pet humanization, initiatives by key market players, and the introduction of new early pregnancy testing kits for different animal species. Efficient reproduction is one of the crucial factors for businesses that are involved in livestock production as it directly influences the financial well-being of the business. To ensure reproductive efficiency, businesses need to diligently look after timely and accurate pregnancy status assessments.

Similarly, identifying and recognizing open or non-pregnant females early is important as allows for a more precise evaluation of conception rates, often linked to male or semen fertility, but also serves as a valuable indicator of the effectiveness of artificial insemination programs. In addition, it helps find potential underlying issues such as infectious or noninfectious diseases, which may impact reproductive performance. In essence, early determination of pregnancy status is fundamental for optimizing overall reproductive health and productivity of livestock operations.

Sustained advancements in biochemical assays and diagnostic technologies are expected to improve the sensitivity and accuracy of animal pregnancy testing. These advancements include developments in enzyme-linked immunosorbent assays (ELISA) and other biochemical methods. Furthermore, the development of portable and rapid point-of-care testing allows on-site pregnancy testing without requiring samples to be sent to centralized laboratories. Thus, the growing demand for on-farm pregnancy testing of ruminants, along with continuous technological advancements, contributes to market growth.

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Animal Pregnancy Test Kit Market Report Highlights

• The pregnancy test kit cassettes product segment dominated the market with a share of 44.3% in 2023. The ELISA test kits segment is projected to register the fastest CAGR of 4.7% from 2024 to 2030
• The livestock animal segment held the largest share in 2023. The companion animal segment is projected to grow at the fastest growth rate from 2024 to 2030
• In terms of sample type, the whole blood, plasma, and serum segment accounted for the highest market share in 2023 and is projected to register the fastest CAGR from 2024 to 2030
• The e-commerce distribution channel segment held the highest share in 2023 and is projected to grow at the fastest CAGR from 2024 to 2030
• The on-farm end-use segment held the highest share in 2023. On the other hand, the home setting segment is estimated to grow at the fastest CAGR from 2024 to 2030
• North America held the largest share of about 47.0% in 2023. On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR of 6.63% from 2024 to 2030
• Advances in rapid diagnostic technology led to the development of more accurate, user-friendly, and cost-effective animal pregnancy test kits. Such advancements are anticipated to drive market growth

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Animal Pregnancy Test Kit Market Segmentation

Grand View Research has segmented the global animal pregnancy test kit market based on product, animal type, sample type, distribution channel, end-use, and region:

Animal Pregnancy Test Kit Product Outlook (Revenue, USD Million, 2018 - 2030)

• Pregnancy Test Kits Cassettes
• Pregnancy Test Kits Strips
• ELISA Test Kits

Animal Pregnancy Test Kit Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animal
  • Canine
  • Feline
  • Equine
  • Others
• Livestock Animal
  • Bovine
  • Swine
  • Caprine/Ovine
  • Others

Animal Pregnancy Test Kit Sample Type Outlook (Revenue, USD Million, 2018 - 2030)

• Urine
• Whole Blood, Plasma, Serum
• Others (Milk)

Animal Pregnancy Test Kit Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Hospitals & Clinics
• Retail Stores
• E-commerce

Animal Pregnancy Test Kit End-use Outlook (Revenue, USD Million, 2018 - 2030)

• On Farm
• Laboratory
• Home Setting

Animal Pregnancy Test Kit Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Animal Pregnancy Test Kit Market

• Zoetis Services LLC
• IDEXX Laboratories, Inc.
• Ring Biotechnology Co Ltd.
• Hangzhou Testsea Biotechnology Co. Ltd.
• Novis Animal Solutions
• Secure Diagnostics Pvt. Ltd.
• J&G Biotech Ltd.
• EMLAB GENETICS LLC.
• Megacor Diagnostik Gmbh
• BIOTRACKING, 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.

Dental Chair Market to Incur Meteoric Growth During 2023 to 2030: Grand View Research Inc.

Dental Chair Market Growth & Trends

The global dental chair market size is expected to reach USD 1.48 billion by 2030, expanding at a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing awareness and prevalence of oral diseases and the consequent increase in the demand for dental care facilities. Development in infrastructure and improving access of low- and middle-income groups to dental facilities can further boost the market.

According to the Global Oral Health Status Report 2022, published by the World Health Organization, approximately two billion people across the globe are suffering from caries of permanent teeth and 514 million children are suffering from caries of primary teeth. Moreover, one billion people worldwide are suffering from severe gum disease which is also a major cause of total tooth loss. The bad oral habits of people such as tobacco consumption and poor hygiene maintenance are contributing to the rising prevalence of these diseases.

The technological advancements in the dental chair industry are also contributing to their growing demand. The addition of innovative features such as touch screens is making these chairs more comfortable than others. In addition, mobile independent chairs can help in increasing patients’ access to oral healthcare facilities. Such innovations can further increase the adoption rate of dental chairs and boost market growth.

The negative impact of the COVID-19 pandemic was also observed in this market. Several restrictions imposed by governments across countries limited people’s movement and their visits to hospitals decreased significantly. However, the market witnessed a recovery as restrictions were eased. 

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Dental Chair Market Report Highlights

• Based on product, the power dental chair segment accounted for the largest revenue share of 63.1% in 2022 and it is also expected to register the fastest CAGR of 5.9% over the forecast period. This growth can be attributed to technological advancements and the increasing emphasis of dentists on providing their patients with maximum comfort
• Based on type, the ceiling-mounted segment accounted for the largest revenue share of 39.7% in 2022, owing to its easy-to-maintain attribute and effectiveness
• Based on application, the examination segment dominated the market with a share of 28.4% in 2022 owing to increasing awareness regarding oral hygiene
• In 2022, North America dominated the market with a revenue share of 38.1%, owing to the use of advanced technology and increased consumer knowledge. On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period due to the increasing prevalence of oral diseases

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

Dental Chair Market Segmentation

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

Dental Chair Product Outlook (Revenue, USD Million, 2018 - 2030)

• Powered dental chairs
• Non-powered dental chairs

Dental Chair Type Outlook (Revenue, USD Million, 2018 - 2030)

• Ceiling-mounted design
• Mobile-independent design
• Dental chair-mounted design

Dental Chair Application Outlook (Revenue, USD Million, 2018 - 2030)

• Examination
• Surgery
• Orthodontics
• Others

Dental Chair 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 in the Dental Chair Market

• Austin Dental Equipment Company (A-Dec, inc.),
• Midmark
• Craftmaster Contour Equipment, Inc.
• XO CARE A/S
• Sirona
• Henry Schein, Inc.
• Danaher Corporation
• PLANMECA OY
• Patterson Dental Supply, Inc
• Straumann

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.

Brain Health Supplements Market Estimated to Experience a Hike in Growth by 2030

Brain Health Supplements Market Growth & Trends

The global brain health supplements market size is expected to reach USD 23.41 billion by 2030, expanding at 13.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The global market is anticipated to witness significant growth in the next few years on account of a surging number of self-directed consumers and growing awareness of these products among students along with modernization in this field. In addition, cost-effectiveness, as well as easy accessibility to these products is further expected to boost product demand among consumers.

Over the past few years, consumers have been opting for naturally derived supplements. Caffeine, green tea, matcha tea, Kucha tea, beets, eggs, spinach, peanuts, liver, arctic root, brahmi, turmeric, pine bark, ginseng, and fish oil are among the popular natural sources of brain supplements. The most common supplements consumed by adults are taken for memory enhancement, which includes omega-3, green tea, and turmeric/curcumin. The increase in the vegan population in North America and Europe is anticipated to boost the demand for plant-based supplements in the upcoming years.

The rising instances of depression among the population across the globe are anticipated to drive the brain health supplements industry over the forecast period. Rising demand for multi-utility drugs that work as antidepressants, energy boosters, and resist anxiety are expected to drive the growth of this segment. According to the Kaiser Family Foundation 2021 report on the ‘implications of COVID-19 for mental health and substance use’, the share of adults experiencing depression in the U.S. increased from 11% in January-June 2019 to 41.1% in January 2021. This widens the scope of the market for brain health supplements for depression and mood.

Manufacturers are offering their products on various online platforms including company-owned portals and e-retailers to cater to the requirements of a huge customer base in an attempt to expand product visibility, especially in emerging markets. Additionally, the growing rate of digitalization has impacted the penetration of brain health supplements, particularly in developing countries. For instance, in September 2020, Loblaw Companies Ltd. announced an investment of USD 75 million in Maple Corporation, a leading virtual care provider in Canada, through its wholly-owned subsidiary Shoppers Drug Mart Inc. The move was aimed at providing people in the country with the convenience and security of a digitally connected healthcare network.

Growing demand for multi-functional drugs that serve the purpose of performance enhancement, antidepressants, and energy boosters along with enhancing attention, visual perception, and others for esports professionals and gamers is expected to drive the demand for these supplements. In April 2021, Nature’s Bounty launched three new products for esports gamers and influencers aged 18 years or above. These brain health supplements are fast-acting and no-caffeine products and available in jelly bean format that supports the focus and performance of the gamer by enhancing their brain health and reaction time.

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Brain Health Supplements Market Report Highlights

• Brain health supplements are anticipated to gain higher acceptance to improve attention and focus, especially among consumers within the education sector. In addition, the sports industry is also likely to contribute to the demand for these supplements owing to the need for greater concentration in various activities
• North America dominated the market with a share of 40.1% in 2022. According to a survey conducted by the American Association of Retired Persons (AARP) on Brain Health and Dietary Supplements in June 2019, Americans aged 50 and older are regularly consuming large amounts of brain health supplements owing to increasing concerns over their brain and cognitive health. These instances are expected to offer strong growth prospects to the regional market. Furthermore, rising awareness regarding the consumption of these products in the U.S. and Canada, on account of new product launches, is expected to promote regional market growth over the forecast period
• The use of clean and natural ingredients, which are the least processed, remains a critical success factor for companies. NOW Foods, for instance, uses no artificial ingredients and has attained Good Manufacturing Practices (GMP) certification from the Natural Products Association (NPA) along with being a member of NPA’s TruLabel Program

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

Brain Health Supplements Market Segmentation

Grand View Research has segmented the global brain health supplements market based on product, application, and region:

Brain Health Supplements Product Outlook (Revenue, USD Million, 2017 - 2030)

• Natural Molecules
  • Acetyl-L-Carnitine
  • Alpha-GPC
  • Citicoline
  • DHA
  • Pre/Pro/Postbiotics
  • Others
• Herbal Extract
  • Ginseng
  • Gingko Biloba
  • Curcumin
  • Others
• Vitamins & Minerals
  • Vitamin B
  • Vitamin C & E
  • Others
• Brain Health Supplements Application Outlook (Revenue, USD Million, 2017 - 2030)
  • Memory Enhancement
  • Attention & Focus
  • Depression & Mood
  • Sleep & Recovery
  • Anti-aging & Longevity
  • Stress & Anxiety
• Brain Health Supplements Regional Outlook (Revenue, USD Million, 2017 - 2030)
  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

List of Key Players in Brain Health Supplements Market

• Natural Factors Nutritional Products Ltd
• Onnit Labs, Inc.
• Purelife Bioscience Co., Ltd
• Intelligent Labs
• Accelerated Intelligence Inc.
• NOW Foods
• HVMN Inc.
• Teva Pharmaceutical Industries Ltd.
• Peak Nootropics
• Alternascript

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.

Data Center Generator Market is Thriving $12.98 Billion Revenue by 2030: Grand View Research Inc.

 Data Center Generator Market Growth & Trends

The global data center generator market size is expected to reach USD 12.98 billion by 2030 at a CAGR of 7.3%, according to a study conducted by Grand View Research, Inc. The increasing number of data centers and hyperscale facilities along with growing demand for the edge data centers, are some of the factors contributing to the rise in product demand. These generator provides reliable and cost-effective backup power solutions for data centers.

Manufacturers, such as Cummins, Inc. and Himoinsa, are introducing technologically advanced generator sets that offer remote monitoring and control. These systems allow users to remotely observe and control engine and alternator data, power system status, load levels, and control system status. The advent of such systems is expected to propel the demand for generators in the market.

North America has a substantial revenue share in the overall market owing to the presence of a large number of data center facilities in the region. In addition, presence of key companies, such as KOHLER Group and Cummins Inc., also intensifies the competition in this region and contributes to the growing revenue share. With a rise in the number of data centers in developing economies like India, the Asia Pacific regional market is anticipated to record the fastest CAGR in the next seven years.

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Data Center Generator Market Report Highlights

• Gas product type is anticipated to register the fastest CAGR of 8.9% during the forecast period owing to their cleaner operation and lower emission than diesel-based systems
• Generators under 1 MW capacity are expected to register the highest CAGR over the forecast period owing to the increasing number of smaller and edge data centers
• Growing number of hyperscale facilities is anticipated to catapult the demand for Tier IV systems in the near future
• The Asia Pacific region is expected to expand at the fastest CAGR of 9.7% during the forecast period. Investments by market leaders in developing countries like China and India are expected to drive regional market expansion.

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Data Center Generator Market Segmentation

Grand View Research has segmented the global data center generator market on the basis of product type, capacity, tier standards, and region:

Data Center Generator Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Diesel
• Gas
• Others

Data Center Generator Capacity Outlook (Revenue, USD Million, 2017 - 2030)

• < 1 MW
• 1 MW-2MW
• >2MW

Data Center Generator Tier Standards Outlook (Revenue, USD Million, 2017 - 2030)

• Tier I & II
• Tier III
• Tier IV

Data Center Generator Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Data Center Generator Market

• Caterpillar
• Atlas Copco
• Cummins, Inc.
• Eurodiesel Services
• Generac Power Systems, Inc.
• HIMOINSA
• KOHLER
• MITSUBISHI MOTORS CORPORATION
• Piller (Langley Holdings plc)
• Rolls Royce 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.

Gas Turbine Services Market: Precise Analysis on Business Overview, Product Scope And Ongoing Development 2030

 Gas Turbine Services Market Growth & Trends

The global gas turbine services market size is expected to reach USD 67.3 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 8.7% over the forecast period. The increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth. These systems are increasingly being used owing to their tremendous energy-producing capacity and multiple fuel capability. They also have the capacity to operate continuously at baseload for numerous hours. Furthermore, low operational cost and high efficiency and durability offered by these systems is expected to drive gas turbine service market growth.

Rapid industrialization and population growth have resulted in high demand for power globally. The energy sector is shifting from conventional systems toward clean power sources resulting in an increase in gas turbines installations. Furthermore, key countries plan to enhance the deployment of gas-based power plants in the future. Major equipment manufacturers are also signing multiyear contracts during the installation of these plants.

The heavy-duty segment dominated the global market in 2022 as these equipment offer cost-effective conversion of fuel to electricity and advanced systems provide improvement in terms of output and efficiency. The rise in new gas-based power plants for power generation has resulted in an increase in the deployment of heavy-duty systems which are preferred due to their higher power generating capacity as compared to its counterparts. These systems also find applications in chemical plants, refineries, and power utilities.

Maintenance and repair is projected to be the fastest-growing segment over the forecast period. Major vendors in the market are providing long-term service contracts to power plant owners which cover periodic and preventive maintenance under its scope. Long-term contracts are also considered as a more economical solution in the long term. Repairs solutions help eliminate steps and cost and increases the overall performance, thereby increasing the life-cycle of these systems. This is projected to drive the maintenance and repair segment in the coming years.

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Gas Turbine Services Market Report Highlights

• Asia Pacific emerged as the largest region in 2022 and accounted for a revenue share of 38.0% on account of increasing demand for power from China, India, and Southeast Asian countries who are opting for cleaner sources of power generation for baseload supply
• The heavy duty segment held a major market share in 2022 due to its application in the power generation sector
• Spare parts supply was the largest service type segment in 2022 as the components of gas turbines have a limited lifespan after which it requires replacement
• >200 MW emerged as the major contributing segment on the basis of capacity in 2022. The demand in this segment is primarily driven by an increase in power generation activities across the globe
• Some of the significant industry participants are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Ltd., and Kawasaki Heavy Industries, Ltd. These companies focus on R&D in order to enhance their position in the market.

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Gas Turbine Services Market Segmentation

Grand View Research has segmented the global gas turbine services market based on turbine type, turbine capacity, service type, service provider, end-use, and region:

Gas Turbine Services Turbine Type Outlook (Revenue, USD Million, 2018 - 2030)

• Heavy Duty
• Industrial
• Aeroderivatives

Gas Turbine Services Turbine Capacity Outlook (Revenue, USD Million, 2018 - 2030)

• <100 MW
• 100 to 200 MW
• >200 MW

Gas Turbine Services Service Type Outlook (Revenue, USD Million, 2018 - 2030)

• Maintenance & Repair
• Overhaul
• Spare Parts Supply

Gas Turbine Services Provider Outlook (Revenue, USD Million, 2018 - 2030)

• OEM
• Non-OEM

Gas Turbine Services End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Power Generation
• Oil & Gas
• Other Industrial

Gas Turbine Services Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Malaysia
  • Vietnam
  • Bangladesh
  • Pakistan
  • Singapore
  • Thailand
  • South Korea
  • Taiwan
• Commonwealth of Independent States
  • Russia
  • Ukraine
  • Turkey
  • Turkmenistan
  • Kazakhstan
  • Azerbaijan
  • Uzbekistan
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Iraq
  • Lebanon
  • Oman
  • Qatar
  • Kuwait
  • Algeria
  • Tunisia
  • Ghana
  • South Africa
  • Saudi Arabia
  • Egypt

List of Key Players in Gas Turbine Services Market

• General Electric
• Siemens Energy
• Mitsubishi Power, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Solar Turbines Inc.
• Ansaldo Energia
• Bharat Heavy Electricals Ltd.
• OPRA Turbines
• Man Energy Solutions
• Centrax Gas Turbines

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.