Thermoplastic Vulcanizates Market Expected To Reach $2,921.80 Million By 2030

 

Thermoplastic Vulcanizates Market Growth & Trends

The global thermoplastic vulcanizates market size is expected to reach USD 2,921.80 million by 2030, registering a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. Growing demand for the lightweight, high-performance materials from the automotive industry is expected to drive the global thermoplastic vulcanizates (TPV) market.

Increasing government intervention in fuel efficiency has led to the use of high-performance engineering plastics, including TPV, spurring demand. The growth of the consumer goods industry in the BRIC countries is also expected to have a positive impact on the global market. Price volatility for the key commodities is expected to remain a major concern for the market participants during the forecast period.

In addition, the growing demand for bio-based thermoplastics is expected to positively influence the overall market growth in the coming years. The continuing scarcity of fossil resources and the rise in crude oil prices have forced the world to look for new solutions regarding the development of TPV from renewable raw materials. Growing concerns about toxic problems associated with petrochemicals, as well as the depletion of crude oil reserves, have spurred the development of bio-based TPVs.

Government regulations restricting the consumption of petrochemical-based TPVs in certain areas such as consumer goods and medical devices are expected to further stimulate bio-based products in the thermoplastic vulcanizates market.

In the field of thermoplastic elastomers, the development of bio-based TPVs is in its early stage. However, it has a huge scope in the future as an alternative to its petrochemical counterparts. Furthermore, bio-based TPVs have the potential to substitute petrochemical-based TPVs in the existing markets as well as open up new perspectives, which is expected to create lucrative growth opportunities for bio-based thermoplastic vulcanizates in the coming years.

Depending on the application, the market is divided into automotive, liquid, consumer, medical, footwear, and others. Among them, medical applications are expected to show the fastest growth during the forecast period. High demand for advanced medical services due to the presence of increasing aging of the population, well-developed healthcare infrastructure, and increasing incidences of cardiovascular diseases worldwide is expected to drive the demand for medical devices, which in turn will positively affect the demand for TPV in medical applications.

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Thermoplastic Vulcanizates Market Report Highlights

• The global thermoplastic vulcanizates (TPV) market was valued at USD 1.65 billion in 2023 and is estimated to expand at a CAGR of 8.7% from 2022 to 2030
• The automotive segment led the market and accounted for more than 58.0% share of the global revenue in 2023
• The significant demand is attributed to the rising demand for lightweight and high-performance materials in the automotive industry
• The thermoplastic vulcanizates market in Asia Pacific is expected to be one of the fastest-growing markets over the forecast period.
• India thermoplastics vulcanizates market to witness a growth of 9.5% during the forecast period

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Thermoplastic Vulcanizates Market Segmentation

Grand View Research has segmented the global thermoplastic vulcanizates market report based on the grade, processing method, application and region:

Thermoplastic Vulcanizates Grade Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Natural
• Standard Black
• Pre-Colored
• Others

Thermoplastic Vulcanizates Processing Method Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Injection Molding
• Extrusion Molding
• Blow Molding

Thermoplastic Vulcanizates Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Automotive
  • Exteriors
  • Interiors
• Construction & Architecture
• Consumer goods
• Electric & Electronics
• Medical & Healthcare
• Others

Thermoplastic Vulcanizates Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Eastern Europe
    • Russia
    • Poland
    • Hungary
    • Czech Republic
    • Belarus
    • Bulgaria
    • Romania
    • Slovakia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Central & South America
  • Middle East & Africa

List Of Key Players in the Thermoplastic Vulcanizates Market

• Dawn Polymer
• Ravago Manufacturing.
• RTP Company
• DuPont de Nemours, Inc.
• Mitsui Chemicals Inc.
• Celanese Corp.
• LyondellBasell Industries Holdings B.V.
• Mitsubishi Chemical Corp.
• KRAIBURG TPE GmbH & Co. KG
• Teknor Apex Company, Inc.
• Trinseo
• Hexpol AB
• JSR Corporation
• Zeon 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.

Global Toys And Games Market to Witness Soaring Growth During 2024– 2030: Grand View Research Inc.

 

Toys and Games Market Growth & Trends

The global toys and games market size is expected to reach USD 439.91 billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Sales increased as the pandemic spread. Toy sales increased in 2020, with games & puzzles, dolls & action figures, and outdoor plays being the most popular categories. The use of weather-related items was a big aspect of outdoor activity. Sleds, snow-coloring toys, inflatables, and tools for building snow structures flew off the shelves. Due to the ease of accessibility, a large range of products, and competitive pricing, consumers are increasingly purchasing toys and games through the e-commerce channel.

The increasing sales of video games emerged as a key growth driver for the toys and games industry, reflecting changing consumer preferences and a digital transformation in entertainment. The widespread adoption of video games is evident in the substantial financial commitment made by American families, as reported by The Ascent, a Motley Fool personal finance review service. On average, American families spent USD 431 on video games, including consoles and accessories, in 2022.

The popularity of 3D and 4D puzzles has sparked creativity and excitement in the industry. These puzzles provide a more immersive experience, higher levels of engagement, and possibly even educational advantages. Wrebbit Puzzle Inc., a Canadian company, focuses on 3D puzzles. It creates a wide variety of puzzles with different themes, such as Harry Potter, Game of Thrones, and Lord of the Rings. In April 2021, the business introduced its Central Perk, a 440-piece 3D jigsaw puzzle based on the television series ‘Friends’.

Due to the rising environmental awareness among consumers and the trend of using eco-friendly and socially responsible products, the market is currently experiencing increased demand for sustainable games and puzzles. Market players have been addressing this trend by creating and promoting eco-friendly products, utilizing sustainable resources, and implementing eco-friendly manufacturing and distribution procedures. To reduce its impact on the environment, for instance, a U.S.-based corporation called Mattel, Inc. always attempts to optimize its resource use.

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Toys And Games Market Report Highlights

• Based on product, the electronic games segment accounted for the largest revenue share in 2023, due to their immersive and interactive experiences, appealing to modern consumers' preferences for technology-driven entertainment. The growth of digital platforms and advancements in gaming technology have propelled the popularity of electronic games, making them a dominant force in the industry.
• Demand for toys and games in the 0–8 age segment is forecasted to rise at a high CAGR. This is due to the natural inclination of young children to play and explore, coupled with their rapid cognitive and motor skill development during this period. The rising population globally will also push demand.
• Offline channel accounted for the largest share of the 2023 global market due to consumers' preference for a hands-on shopping experience, allowing them to physically interact with the products and make immediate purchases
• Central & South America region is projected to rise at the fastest CAGR from 2024 to 2030. Factors such as a growing young population, increasing disposable incomes, urbanization, and rising middle-class segment will propel the demand for toys and games in the market

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Toys And Games Market Report Highlights

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

Toys And Games Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Electronic Games
• Outdoor & Sport Toys
• Dolls
• Preschool Toys
• Games & Puzzles
• Others

Toys And Games Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Up to 8 years
• 9-15 years
• 15 years & above

Toys And Games Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Offline
• Online

Toys And Games Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Toys And Games Market

• Spin Master
• The LEGO Group
• SANRIO CO., LTD.
• Playmates Toys Limited
• JAKKS Pacific, Inc.
• Mattel
• Hasbro
• Schylling
• Bandai Namco Holdings Inc.
• Dream International Limited

About Grand View Research

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

Beauty and Personal Care Products Market Valuation to Reach $937.13 Billion by the end of 2030

 

Beauty And Personal Care Products Market Growth & Trends

The global beauty and personal care products market size is expected to reach USD 937.13 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.7% from 2024 to 2030. Natural and organic products are gaining traction among a sizable number of consumers, driven by the rising consumer awareness related to the harmful effects of chemicals on the skin. The use of organically produced ingredients in the formulation of beauty and personal care products is likely to surge in the upcoming years. This in turn is anticipated to fuel the market growth during the forecast period.

Beauty and personal care products are available in a wide variety of types and variants to suit the requirements of a varied set of consumers. The demand for beauty and personal care products with natural ingredients is increasing rapidly owing to their various benefits to the skin such as protecting skin because of the exclusion of harmful chemicals from it, further propelling their demand in the market.

The conventional beauty and personal care products segment contributed a majority of the share to become the largest division in 2021. Easy accessibility of conventional beauty and personal care products to consumers with low prices as compared to organic products has driven the demand for beauty and personal care products in the market.

The skin care products segment contributed a majority of the share to become the largest division in 2021. Rising consciousness related to physical appearance among consumers especially, millennials has driven the demand for skin care products in the market.

The e-commerce segment is expected to register the fastest CAGR from 2023 to 2030. E-commerce retail sales are expected to witness substantial gains in the coming years on account of rising consumer spending, growing population, and wide availability of products. The introduction of mobile shopping apps for beauty and personal care products such as Amazon and Nykaa along with the availability of safe & convenient payment gateways are contributing to the growth of the online retail industry.

The market for beauty and personal care products is fragmented with the presence of a large number of international and a few regional players. Unilever; The Estée Lauder Companies Inc.; Shiseido; Revlon; L’Oréal S.A.; Coty Inc.; Procter & Gamble; Kao Corporation; Oriflame Cosmetics S.A.; and Avon Products, Inc. are some of the key players operating in the global market.

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Beauty and Personal Care Products Market Report Highlights

• The organic beauty and personal care products segment is projected to register the fastest CAGR of 8.8% from 2024 to 2030. The benefits offered by organic beauty and personal care products over conventional are expected to boost the demand for organic products during the forecast years
• The color cosmetics beauty and personal care products segment is projected to register the fastest CAGR of 8.6% from 2023 to 2030. The rising demand for color cosmetics to enhance physical appearance, especially among the young population is expected to boost the demand over the forecast period
• During the forecast period, the e-commerce segment is expected to grow at the fastest pace during the forecast period. The increasing availability of a wide range of beauty and personal care products of different brands, free delivery, and seasonal discount on e-commerce platforms such as Walmart and Amazon are among the major reasons driving the segment
• Asia Pacific accounted for the highest revenue share in 2023. Consumers, most notably in China, India, Japan, and ASEAN countries are increasingly inclining toward beauty and personal care products, which, in turn, is fueling the growth of the market

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Beauty And Personal Care Products Market Segmentation

Grand View Research has segmented the global beauty and personal care products market based on type, product, distribution channel, and region:

Beauty And Personal Care Products Type Outlook (Revenue, USD Billion; 2018 - 2030)

• Conventional
• Organic

Beauty And Personal Care Products Product Outlook (Revenue, USD Billion; 2018 - 2030)

• Skin Care
  • Face Skin Care
    • Face Creams & Moisturizers
    • Cleansers & Face Wash
    • Sunscreen/Sun Care
    • Others (Masks, Serum, Scrub, etc.)
  • Body Skin Care
    • Body Washes & Shower Gels
    • Hair Removal Products
    • Creams & Moisturizers
    • Body Sunscreen/Sun Care
    • Others (Serum, Body Scrub, Oils, etc.)
  • Hair Care
    • Shampoo
    • Conditioner
    • Oils
    • Serums
    • Others (Hair Masks, Peels, Etc.)
  • Color Cosmetics
  • Fragrances
  • Others

Beauty And Personal Care Products Distribution Channel Outlook (Revenue, USD Billion; 2018 - 2030)

• Hypermarkets & Supermarkets
• Specialty Stores
• E-commerce
• Others

Beauty And Personal Care Products Regional Outlook (Revenue, USD Billion; 2018 - 2030)

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

List of Key Players in the Beauty And Personal Care Products Market

• Unilever
• Estée Lauder
• Shiseido
• Revlon
• Procter & Gamble
• L'Oréal S.A.
• Coty Inc.
• Kao Corporation
• AVON PRODUCTS, INC
• ORIFLAME COSMETICS S.A.

About Grand View Research

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

Global IT Professional Services Market to Reach Around $1,598.41 Billion by 2030: Grand View Research Inc.

 IT Professional Services Market Growth & Trends

The global IT professional services market size is expected to reach USD 1,598.41.13 billion by 2030, registering a CAGR of 9.5% from 2024 to 2030, according to a recent report by Grand View Research, Inc. The market growth can be attributed to the technology shift by Small & Medium Enterprises (SMEs) to enhance their IT infrastructure, growing adoption of cloud computing, and increasing usage of advanced technologies such as machine learning, artificial intelligence, and Robotic process automation (RPA). Market players are assisting various organizations in automating their business operations with these technologies. Furthermore, big data analytics technology combined with the Internet of Things (IoT) increases the overall productivity of IT professional services, contributing to the growth of the IT professional services market.

The growing adoption of cloud-based platforms across the globe is expected to drive the IT professional services market. Established industry players are highly emphasizing strategic partnerships with software companies to accelerate business migration to hybrid cloud architecture. For instance, in January 2024, Google Cloud announced that they had introduced generative AI technologies for retailers and online shopping websites. The company is also offering a combined software and hardware offering namely “Google Distributed Cloud Edge” which will help retailers to manage, deploy and scale AI innovations across locations. These developments would further drive the growth of the IT professional services market during the forecast period.

Rapid advancements in advanced technologies, as well as the growing popularity of IT professional solutions are encouraging a variety of businesses to enter the IT professional services market to expand their business. Startups in the IT professional services market place a high value on participation in funding rounds in order to raise funds and strengthen their brand presence. For instance, Venn Technology Corp., a remote work security company, raised USD 29 million in a financing round led by NewSpring Capital Inc. in April 2022. The funds will be used to expand the company's service offerings, support product development and business operations in untapped global markets.

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IT Professional Services Market Report Highlights

• The ITO service segment is anticipated to grow at a CAGR of 10.3% from 2024-2030. Large organizations are increasingly turning to IT support and training services to familiarize their employees with the latest technologies and reduce training time by utilizing a single platform throughout the organization. In addition, other businesses are outsourcing IT servicesfor regular updates and maintenance of their IT systems
• The cloud segment is anticipated to grow at a CAGR of 10.1% from 2024-2030. Shifting organizations focus toward developing a single unified digital platform to handle holistic data operations with the minimum hardware requirement is creating a favorable environment for cloud integration solutions
• The SMEs segment is anticipated to grow at a CAGR of 11.6% from 2024–2030. Small & medium-sized enterprises are using IT professional services and solutions for process time management, automating various tasks to allow employees to focus on other important works and control over unnecessary spending of the company, thereby contributing to the IT professional services market size expansion
• The technology companies’ segment is anticipated to grow at a CAGR of 9.9% from 2024–2030. The high demand for automation, business intelligence, and Technology as a Service (TaaS) is prompting the growth of the segment
• Asia Pacific is anticipated to grow at a CAGR of 11.5%  from 2024-2030. The rapid increase in the number of Small & Medium Enterprises (SMEs) and startups across the region are focusing on implementing new-generation technologies and services to sustain in the market. Also, economies such as China and India are the hub for IT companies which drives the growth even further 

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IT Professional Services Market Segmentation

Grand View Research has segmented the global IT professional services market based on type, deployment, enterprise size, end-use, and region:

IT Professional Services Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Project-oriented Services
• ITO Services
• IT Support & Training Services
• Enterprise Cloud Computing Services

IT Professional Services Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-premise
• Cloud

IT Professional Services Enterprise-size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small & Medium-sized Enterprises (SMEs)
• Large Enterprises

IT Professional Services End-Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Technology Companies
• Consulting Companies
• Marketing & Communication Companies
• Others

IT Professional Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of IT professional services market

• Accenture
• Amazon Web Services
• Atera Networks Ltd.
• Capgemini
• Datto, Inc.
• DXC Technology Company
• FUJITSU
• HELIXSTORM
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• ScienceSoft USA Corporation
• Veritis Group Inc.
• VMware, 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.

Non-invasive Aesthetic Treatment Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 Non-invasive Aesthetic Treatment Market Growth & Trends

The global non-invasive aesthetic treatment market size is expected to reach USD 190.5 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 15.40% over the forecast period. Non-invasive aesthetic treatment offers benefits, such as less pain, instant results, and low cost over invasive treatment. Non-invasive aesthetic treatment does not serve permanent results; however, it temporarily enhances facial appearance and aids in delaying the signs of aging. According to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), between 2017 and 2018, there was an 11.7% increase in the popularity of nonsurgical procedures and a decrease of 0.6% in surgical procedures. This highlights the high growth prospects that lie ahead for the market in the coming years.

The COVID-19 pandemic has significantly affected the market. The cosmetics industry relies on close physical contact with their clients, leaving it negatively affected. Practitioners have also raised concerns over the downturn in patient interest owing to a sharp cut in income. The market is expected to witness a phase of short-term negative growth. However, growing initiatives from several manufacturers to mitigate the negative impact of the pandemic have supported the growth in 2021. Inorganic growth strategies, such as new product launches, regional expansion of major players, acquisitions, and mergers, are a few of the initiatives adopted by the key companies that have led to improved revenues between 2020 and 2021. Non-invasive aesthetic treatment includes procedures, such as skin rejuvenation and injectables.

Popular injectable procedures include botulinum toxin, hyaluronic acid, and polymer filler. According to the American Society of Plastic Surgeons (ASPS), in 2019, botulinum toxin was among the top 5 minimally invasive procedures carried out in the U.S. To avoid aggressive surgical procedures in the future, patients are seen opting for non-surgical treatments to start early in their lives. The Asia Pacific region is expected to serve as a key revenue-generating center. The region is backed by countries, such as India and China, which have a huge target population. In Thailand, which is also projected to be the fastest-growing country in the region, the aging population is a growing segment, which will support the market growth.

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Non-invasive Aesthetic Treatment Market Report Highlights

• The injectable procedure segment is projected to dominate the global market throughout the forecast period
• Botulinum toxin is one of the most popular minimally invasive procedures. It is estimated to be the fastest-growing sub-segment during the forecasted period
• This procedure is widely used by working individuals to delay the signs of aging and enhance physical appearance
• North America dominated the market in 2022 due to the availability and adoption of advanced treatment options in this region
• Asia Pacific is projected to witness the fastest CAGR over the forecast period. Young adults in this region are increasingly focusing on physical appearance, which supports market growth

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Non-invasive Aesthetic Treatment Market Segmentation

Grand View Research has segmented the global non-invasive aesthetic treatment market on the basis of procedure, end use, and region:

Non-invasive Aesthetic Treatment Procedure Outlook (Revenue, USD Million, 2017 - 2030)

• Injectables
  • Botulinum Toxin
  • Calcium Hydroxylapatite
  • Hyaluronic Acid
  • Polymer Filler
  • Collagen
• Skin Rejuvenation
  • Chemical Peel
  • Laser Skin Resurfacing
  • Photorejuvenation
• Others
  • Hair Removal
  • Nonsurgical Fat Reduction
  • Sclerotherapy
  • Cellulite Treatment

Non-invasive Aesthetic Treatment End-use Outlook (Revenuem, USD Million, 2017 - 2030)

• Hospital/Surgery Center
• MedSpa
• Traditional Spa
• HCP-owned Clinic

Non-invasive Aesthetic Treatment Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Non-invasive Aesthetic Treatment Market

• Hologic, Inc.
• Allergan, Inc.
• Galderma S.A.
• Alma Lasers
• Syneron Candela
• Johnson & Johnson
• MerzPharma
• Lumenis
• Solta Medical
• Cutera Inc.
• Revance Therapeutics 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 Laboratories Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

Dental Laboratories Market Growth & Trends

The global dental laboratories market size is expected to reach USD 33.16 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% from 2024 to 2030. This can be attributed to increasing cosmetic dental procedures, the geriatric population, and awareness regarding oral hygiene. In addition, technological advancements are expected to fuel growth. For instance, the digitalization of dental labs and the introduction of Computer Aided Manufacturing (CAM) and Computer Aided Design (CAD) technology have improved the accuracy of dental appliances.  

According to World Population Aging, there were nearly 727 million people aged 65 or over in 2020, globally, and the number of aged people is anticipated to double to 1.5 billion by 2050. The high incidence rate of the elderly population is anticipated to fuel the market growth as the geriatric population is highly susceptible to dental conditions such as xerostomia coronal & root caries and periodontitis. Furthermore, the adverse dental effects due to the frequent use of prescription or OTC drugs by the elderly population are anticipated to boost the market growth.

The market is highly fragmented and is anticipated to witness significant mergers & acquisitions from both large dental service organizations and private equity firms. These mergers and acquisitions are anticipated to lead to market consolidation and enable to leverage advantages of white space acquisition. For instance, in 2022, Henry Schein, Inc. acquired Midway Dental Supply. The Midway company is a dental distributor serving dental laboratories and dental offices across the U.S. This acquisition is anticipated to contribute to the company’s growth through the addition of a new product portfolio.

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Dental Laboratories Market Report Highlights

• Oral care segment led the market and accounted for 27.67% of global revenue in 2023. It is also anticipated to witness lucrative growth over the forecast period owing to an increase in awareness regarding oral hygiene and the growing adoption of dentures.
• Metal ceramics segment led the dental laboratories market and accounted for 56.59% of global revenue in 2023.
• Crowns segment led the market and accounted for 35.53% of global revenue in 2023, due to their widespread use in restorative dentistry. Crowns are custom-made caps that cover a damaged or decayed tooth, restoring its shape, size, strength, and appearance.
• North America region led the market and accounted for 38.04% of global revenue in 2023 owing to well-established healthcare infrastructure, high healthcare expenditure, an increase in the prevalence of dental diseases, a surge in the number of oral procedures in the region, and high awareness regarding oral health.

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Dental Laboratories Market Segmentation

Grand View Research has segmented the global dental laboratories market on the basis of product, material, equipment, prosthetic type, and region:

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

• Restorative
• Orthodontic
• Endodontic
• Oral care
• Implant

Dental Laboratories Material Outlook (Revenue, USD Million, 2018 - 2030)

• Metal Ceramics
• Traditional All Ceramics
• CAD/CAM Materials
• Plastic
• Metals

Dental Laboratories Equipment Outlook (Revenue, USD Million, 2018 - 2030)

• Dental Radiology Equipment
• Dental Lasers
• System and Parts
  • 3D Printing Systems
  • Integrated CAD/CAM Systems
  • Other Systems and Parts
• Laboratory Machines
  • Casting Machines
  • Milling Equipment
  • Furnaces
  • Articulators
  • Other Laboratory Machines
• Dental Scanners
• Others

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

• Bridges
• Crowns
• Veneers
• Dentures        
• Clear Aligners

Dental Laboratories 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
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Dental Laboratories Market

• Envista Holdings Corporation
• Dentsply Sirona
• A-dec Inc.
• Straumann AG
• Henry Schein, Inc.
• Champlain Dental Laboratory, Inc.
• Knight dental design
• National Dentex Corporation
• 3M Health Care
• Dental Services 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.

Veterinary Services Market to Surpass $212.73 Billion by 2030: Grand View Research Inc.

Veterinary Services Market Growth & Trends

The global veterinary services market size is projected to reach USD 212.73 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.45% from 2023 to 2030.Some of the key factors propelling the market growth include increasing animal welfare activities, the rising need to enhance food security, increasing pet population, growing awareness about animal health & timely diagnosis & treatments, and increasing expenditure on animal healthcare services. For instance, according to the American Pet Products Association (APPA), overall spending in the U.S. pet industry was estimated at USD 136.8 billion in 2022.

This was notably greater than the USD 123.6 billion estimated in 2021. Hence, the growing expenditure is expected to boost the adoption of veterinary services in the coming years.The COVID-19 outbreak had a mixed effect on the global market. During the year 2020, the market witnessed a decline in growth rate owing to movement restrictions, nationwide lockdowns, and lesser admission rates in veterinary hospitals and other non-medical animal care centers. However, the market quickly recovered the following year, as the COVID-19 lockdowns significantly increased pet adoption rates globally, owing to people’s social isolation & psychological benefits.

For instance, as per an article published in May 2021 in Frontiers Media S.A., the UK witnessed a peek in pet adoption rates, which led to the shelters emptying during the pandemic. In addition, the coronavirus pandemic has increased the concerns over animal-to-animal and animal-to-human disease transmission risks, which, in turn, has increased the government measures on preventative care and diagnosis in livestock animals. The WHO is involved in various cross-sectoral activities to address health threats at the human-animal-ecosystem interface.The overall population of pet animals across the globe has also increased, which supports market growth.

The American Veterinary Medical Association (AVMA) reported in November 2021 that from 2016 to 2020, the companion animal population increased notably. In addition, the 2023 - 2024 survey report published by American Pet Products Association estimated that 65.1 million households in the U.S. own dogs and 46.5 million households own cats. The FEDIAF 2022 report suggested that the region had 113.6 million cats and 92.9 million dogs as of 2021. Therefore, the rising pet population and adoption of cats & dogs are among the key factors drivingthe market growth.

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Veterinary Services Market Report Highlights

• The production animal segment dominated the market with the largest revenue share in 2022. The segment is expected to continue to grow in the coming years, driven by factors, such as the increasing demand for animal protein and the rising focus on sustainable agriculture practices
• Based on the type of services, the market is bifurcated into medical and non-medical services. The medical services segment dominated the market with the largest revenue share in 2022, owing to the growing prevalence of zoonotic diseases and significant measures undertaken to control the outbreaks, coupled with increasing access to veterinary medical services in developing nations
• North America accounted for the highest revenue share of more than 35% in 2022. Definitive measures undertaken by various government animal welfare organizations inclined toward the overall improvement of veterinary services in the U.S. and Canada are the key factor responsible for this substantial growth
• The market is competitive and largely fragmented with the presence of a significant number of small- and large-scale veterinary service providers

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Veterinary Services Market Segmentation

Grand View Research has segmented the global veterinary services market on the basis of animal type, service type, and region:

Veterinary Services Animal Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Companion Animals
  • Dogs
  • Cats
  • Horses
  • Others
• Production Animals
  • Cattle
  • Poultry
  • Swine
  • Others

Veterinary Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Medical Services
  • Diagnosis
    • In-vitro Diagnosis
    • In-vivo Diagnosis
  • Preventative Care
  • Treatment
    • Consultation
    • Surgery
    • Others
  • Non-medical Services
    • Pet Services
    • Livestock Services

Veterinary Services Regional Outlook (Revenue, USD Billion, 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 Veterinary Services Market

• CVS Group Plc
• Mars Incorporated
• National Veterinary Associates
• Pets at Home Group PLC
• Greencross Vets
• Fetch! Pet Care
• IVC Evidensia
• A Place for Rover, Inc.
• PetSmart LLC
• Airpets International

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.

Diabetic Foot Ulcer Treatment Market to Reflect a Significant CAGR of 6.0% by 2030: Grand View Research Inc.

Diabetic Foot Ulcer Treatment Market Growth & Trends

The global diabetic foot ulcer treatment market size is expected to reach USD 7.76 billion by 2030, registering a CAGR of 6.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Diabetes is one of the major causes of amputation, blindness, stroke, end-stage renal failure, kidney failure, and heart attacks in this region. According to the International Diabetes Federation, ~66 million people were suffering from diabetes in Europe in 2017. The number is expected to increase to ~81 million by 2045. The mortality rate associated with DFU is ~5% in the first 12 months and increases up to 42% by the end of 5 years.

Many adjuvant therapies such as nonsurgical debridement agents, dressings and topical agents, oxygen therapies, negative pressure wound therapy, acellular bioproducts, human growth factors, energy-based therapies, and systemic therapies are said to effectively improve and cure DFU. Recent studies suggest that the inhibition of detrimental proteinase MMP-9 enzyme allows the body to heal the wound at a quicker rate. Sedentary lifestyle, poor GDP expenditure on healthcare, unhealthy food habits, and poor reimbursement scenarios in the Asian region are the factors responsible for the high growth of diabetes in this region. Hence, numerous ill effects of DFU are observed in the Asian region.

The biologics segment held the largest revenue share in 2023 and is expected to grow at the highest rate during the forecast period. Biologics include growth factors [such as Vascular Endothelial Growth Factor (VEGF) and Platelet-Derived Growth Factor (PDGF)], stem cells, and other anti-diabetic drugs. These agents help reduce hyperglycemia, increase oxygenation and circulation, and repair lost tissues. Therefore, they are increasingly being used for the management of wounds in different stages and are considered to be ideal for DFU treatment. Wound care dressings held the second-largest revenue share in 2021, followed by therapy devices and antibiotic medications.

Market players are constantly developing new and improved products to ensure quicker healing time for DFU. Companies like ConvaTec, Inc.; Acelity L.P. Inc.; 3M Healthcare; Coloplast Corp.; and Smith & Nephew Plc. are among the leaders in this market. Despite the Covid-19 outbreak, these players reported an increase in demand for their wound management products due to the increased complications of diabetic patients suffering from Covid-19 infection. The market was said to increase at a steady rate in 2021 as Covid-19 treated patients witnessed a rise in sugar levels leading to the onset of diabetes. For instance, the overall proportion of diabetic patients with Covid-19 ranged from 5% - 30% in Italy in 2020. Further, Smith and Nephew reported the sales of its newly launched wound healing product, PICO 7, to cross the 1 million mark in 2020. Hence, the market grew dramatically in 2020 and is estimated to stabilize during the forecast period.

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Diabetic Foot Ulcer Treatment Market Report Highlights

• By treatment, the biologics segment captured the largest revenue share in 2023 owing to its reduced wound healing time and increased platelet formation efficiency
• Based on ulcer type, the neuro-ischemic ulcers segment held the dominant revenue share in 2023
• The hospitals end-use segment accounted for the second-largest revenue share in 2023 due to the increased adoption rate of treatment and highly experienced staff
• North America grabbed the largest revenue share in 2023 due to the presence of market players and improved treatment cost and reimbursement scenario

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Diabetic Foot Ulcer Treatment Market Segmentation

Grand View Research has segmented the global diabetic foot ulcer treatment market report on the basis of treatment, end-use, ulcer type, and region:

Diabetic Foot Ulcer Treatment Treatment Outlook (Revenue, USD Million, 2018 - 2030)

• Wound Care Dressings
  • Alginate Dressings
  • Hydrofiber Dressings
  • Foam Dressings
  • Film Dressing
  • Hydrocolloid Dressings
  • Surgical Dressings
  • Hydrogel Dressings
• Biologics
  • Growth Factors
  • Skin Grafts
• Therapy Devices
  • Negative Pressure Wound Therapy
  • Ultrasound Therapy
• Antibiotic Medications
• Others

Diabetic Foot Ulcer Treatment Ulcer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Neuropathic Ulcers
• Ischemic Ulcers
• Neuro-ischemic Ulcers

Diabetic Foot Ulcer Treatment End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Ambulatory Imaging Center
• Homecare

Diabetic Foot Ulcer Treatment 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 of the Diabetic Foot Ulcer Treatment Market

• ConvaTec, Group Plc
• Acelity L.P., Inc.
• 3M Health Care
• Coloplast Corp.
• Smith & Nephew Plc
• B Braun Melsungen AG
• Medline Industries, LP.
• Molnlycke Health Care AB
• Medtronic 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.

Electronic Design Automation Software Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 Electronic Design Automation Software Market Growth & Trends

The global electronic design automation software market size is anticipated to reach USD 22.21 billion by 2030, expanding at a CAGR of 9.1% from 2023 to 2030, according to a new study by Grand View Research Inc. The growing usage of advanced electronic components across different areas of healthcare, automotive, and consumer electronic sectors is driving Electronic Design Automation (EDA) software market growth. Apart from this, the proliferation of the Internet of Things (IoT) and connected devices further promotes EDA software market advancement.

Miniaturization of devices and chips is expected to create lucrative opportunities for EDA software. This software assists chipmakers in lowering the errors in Integrated Circuit (IC) and chips, thereby driving the electronic design automation software industry growth. The exponential growth of the integrated circuits market is driving the need for electronic design automation software. The software is increasingly being adopted for designing electronic systems such as printed circuit boards and integrated circuits, supporting the growth of the EDA market.

Furthermore, developments in technology, growing digitization, growth of the electronics manufacturing industry, and increasing adoption of advanced rendering & simulation tools by hardware designers are expected to positively influence the electronic design automation software industry growth over the forecast period. Furthermore, the increasing acceptance and awareness of smart fitness devices are factors enabling electronic design companies to invest in innovative design software tools for designing enhanced & compact products, thereby propelling the EDA software market growth over the forecast period.

Growing demand for EDA software is encouraging various market players to adopt various business strategies to achieve higher profitability in the market for electronic design automation software. Market players are unveiling new solutions by partnering with technology providers to improve their brand identity, propelling the EDA software market growth. For instance, in January 2022, Altium LLC announced a partnership with MacroFab, Inc., a U.S.-based cloud platform provider for electronic production, to launch “Altimade.” The new solution combines elastic manufacturing capabilities and real-time supply chain data, available on the Altium 365 electronic design platform. Altimade empowers customers to request instant quotes and place orders for manufacturing their PCB assembly without exiting the design environment.

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Electronic Design Automation Software Market Report Highlights

• The services segment is expected to register a CAGR of 10.6% from 2023 to 2030. The segment growth can be attributed to the increasing proclivity of OEMs to outsource their design needs. Furthermore, electronic circuit boards are in high demand in the industry due to their increasing importance in a variety of vital electronic products such as mobile phones and tablets
• The cloud segment is expected to register a CAGR of 10.8% from 2023 to 2030. Cloud-based deployment allows for faster distribution, less maintenance, lower costs, and more scalability
• The healthcare segment is expected to register a CAGR of 11.5% from 2023 to 2030. The segment growth can be attributed to the benefits of EDA software in healthcare, such as lower costs, improved patient outcomes, faster design & development, enabled regulatory compliance of medical devices, and simulation and testing of medical equipment
• The microprocessors& controllers segment is expected to register a CAGR of 9.5% from 2023 to 2030. The increased use of microprocessors in consumer devices such as smartphones, personal computers (PCs), and laptops is expected to drive global demand for the segment
• Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period at a CAGR of 9.6%. A surge in demand for electronic devices together with the prevalence of key electronic component manufacturers in Greater China is expected to drive regional growth

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Electronic Design Automation Software Market Segmentation

Grand View Research has segmented the global electronic design automation software market based on product, deployment, application, end-use, and region:

Electronic Design Automation (EDA) Software Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Computer-aided Engineering (CAE)
• IC Physical Design and Verification
• Printed Circuit Board and Multi-chip Module (PCB and MCM)
• Semiconductor Intellectual Property (SIP)
• Services

Electronic Design Automation (EDA) Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud
• On-premise

Electronic Design Automation (EDA) Software Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Aerospace and Defense
• Automotive
• Healthcare
• Industrial
• Consumer Electronics
• Others

Electronic Design Automation (EDA) Software End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Microprocessors & Controllers
• Memory Management Unit (MMU)
• Others

Electronic Design Automation (EDA) Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Electronic Design Automation Software Market

• Advanced Micro Devices, Inc.
• Aldec, Inc.
• Altair Engineering Inc.
• Altium LLC
• Autodesk, Inc.
• ANSYS, Inc.
• Cadence Design Systems, Inc.
• eInfochips
• EMA Design Automation, Inc.
• Keysight Technologies
• Microsemi
• Synopsys, Inc.
• Silvaco, Inc.
• The MathWorks, Inc.
• Vennsa Technologies
• Zuken

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.

Pet Grooming Products Market Growth With Worldwide Industry Analysis To 2030: Grand View Research Inc.

 Pet Grooming Products Market Growth & Trends

The global pet grooming products market size is expected to reach USD 21.05 billion by 2030, registering a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global rise in pet adoption and high demand for pet products, as well as grooming & boarding services, are some of the major factors anticipated to fuel market growth. Pet grooming products encompass a diverse range of products, including shampoos, conditioners, brushes, clippers, wipes, and deodorizers, designed to address various grooming needs. Pet owners are emotionally invested in their pets, considering them as integral members of the family. As a result, there is a growing willingness to spend more on pet care, including grooming products, to ensure the well-being and comfort of their pets.

According to the data published by the America Pet Products Association, in 2022, USD 136.8 billion was spent on pets in the U.S. Moreover, the projection for 2023 was USD 143.6 billion, an increase of 5.0% year-on-year. The increasing awareness and emphasis on maintaining the overall health, cleanliness, and aesthetic appeal of pets among pet owners have augmented the demand for specialized grooming solutions. Consumers actively seek grooming products that address specific pet health concerns, such as skin sensitivities, coat conditioning, dental hygiene, etc. This has led to the development of specialized grooming formulations, including hypoallergenic shampoos, natural and organic ingredient-based products, medicated treatments for skin and coat ailments, and oral hygiene solutions tailored to pet-specific needs.

This is expected to present opportunities for companies to introduce advanced and specialized grooming solutions, thereby tapping into the growing demand for pet health and wellness products while establishing a competitive edge in the market. As pet owners have become more familiar with natural and herbal remedies for their own health, they are more likely to seek similar products for their pets. Market players have been responding to this trend by developing and introducing new products that contain natural and herbal ingredients. These products are often marketed as being safer, healthier, and more effective than traditional pet care products. In recent years, pet owners have also become more concerned about animal welfare and the environment, thus opting for grooming products that focus on sustainability and contain 100% natural, plant-based ingredients.

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Pet Grooming Products Market Report Highlights

• The market includes a wide range of products, including shampoos, conditioners, brushes, combs, clippers, trimmers, and other grooming accessories, designed to cater to the grooming needs of pets
• Manufacturers are increasingly focusing on the comfort of both pets and their owners during grooming sessions, resulting in the development of products with softer grips, non-slip handles, and innovative designs that facilitate ease of use
• Pet care retailers are adopting innovative strategies to gain a competitive edge. Personalized shopping experiences, comprehensive pet information, educational content, omnichannel fulfillment, social media presence, and mobile apps are integral to online stores
• In recent years, China has experienced a significant influence from Western culture, particularly with regard to pet ownership. According to a white paper released by the China Pet Industry Association, the combined number of dogs and cats, which are the most prevalent pets in Chinese cities, reached 100.8 million in 2020

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Pet Grooming Products Market Segmentation

Grand View Research has segmented the global pet grooming products market based on type, distribution channel, and region:

Pet Grooming Products Type Outlook (Revenue, USD Million, 2018 - 2030)

• Shampoo & Conditioner
• Shear & Trimming Tools
• Comb & Brush
• Others

Pet Grooming Products Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline
• Online

Pet Grooming Products Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Pet Grooming Products Market

• Groomer’s Choice
• Resco
• Spectrum Brands
• Petco Animal Supplies, Inc.
• Coastal Pet Products
• Vet’s Best
• 4-Legger
• World 4 Pets
• Earthbath
• SynergyLabs

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.