Digital Biomarkers Market Plying for Significant Growth During 2024-2030: Grand View Research Inc.

 Digital Biomarkers Market Growth & Trends

The global digital biomarkers market size is expected to reach USD 13.97 billion by 2030, growing at a CAGR of 22.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising adoption of mobile applications & devices related to healthcare, and rising awareness regarding the wide therapeutic applications, increased utilization of smartphones, and the introduction of novel wearable technologies. According to Accenture Health and Life Sciences Experience Survey in 2021, 26% of the people living in the U.S. experienced enhanced access to healthcare services with the adoption of healthcare applications and devices.

Further, governmental organizations have expressed interest in creating digital biomarker-based medication due to the significant hardship brought on by the Covid-19 outbreak. For instance, in March 2022, AstraZeneca teamed up with UK-based medical technology company Huma Therapeutics to develop Software as a Medical Device (SaMD) companion applications for a range of therapeutic diseases. These applications combined predictive algorithms, digital biomarkers, and real-world data.

The rising cost of drug research, combined with its low relative success rate, is fuelling rapid creation of digital biomarkers (DBMs). DBMs in this field assist in focusing on particular decentralized clinical study areas, including early-onset Alzheimer's or dementia, thereby lowering the time, failure rate of drug development, and cost. According to a blog post by a digital solutions company called healthxl, the Digital Medicine Society (DiME) lately brought together top pharmaceutical companies, including Eli Lilly, Merck, and Biogen, to ascertain a set of core standard digital endpoints for dementia and Alzheimer's disease. This was done to solve the issue of assessing the efficacy of new therapies in human subjects as well as to reduce time & money spent on research and development of new remedies.

Regional governments across the globe are supporting the adoption of biomarkers by conducting awareness programs and investing in the development of digital health. According to an article published by the UC Davis School of Medicine in 2022, the Digital Health Equity Program conducted by UC Davis Health received funding of USD 1.7 million from the federal government. This government funding is expected to contribute to the development of a regional digital public health platform capable of enhancing access to healthcare facilities for vulnerable populations in Northern California and Sacramento.

Emerging players, such as AliveCor Inc, Empatica, Inc., Huma, and VivoSense, are adopting strategies such as acquisitions, collaborations, partnerships, and new product launches is anticipated to drive the market growth over the forecast period. For instance, in January 2023, Huma, a digital health company, announced the acquisition of Alcedis to expand its capabilities in the digital clinical trial space. The goal of this acquisition is to develop healthcare solutions across various stages of development processes.

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Digital Biomarkers Market Report Highlights

• Based on type, wearables held the largest market share of 39.5% in 2023, owing to the emergence of new wearables for healthcare purposes. It is anticipated that the market demand for new wearable devices is expected to increase because of government authorities approving new wearable devices
• Based on clinical practice, the diagnosis digital biomarkers held the largest market share of 32.4% in 2023. Diagnosis digital biomarkers are quantifiable indicators of health conditions or diseases, derived from digital technologies such as wearables, mobile apps, and medical devices. They enable early detection, accurate diagnosis, and personalized treatment by analyzing physiological, behavioral, biochemical, imaging, and patient-reported data. These innovative tools contribute to the advancement of healthcare by improving patient outcomes and facilitating remote monitoring and disease management
• Based on therapeutic area,the cardiovascular disease segment dominated the market with a share of 19.8% in 2023, owing to the growing number of therapeutic applications and increasing incidences of cardiovascular disorders globally
• Based on end use, the healthcare companies held the largest market share of 50.1% in 2023, owing to the fact that healthcare companies have been working toward integrating digital measurements across the spectrum of clinical care & research
• North America dominated the market and accounted for a revenue share of 58.4% in 2023, owing to the strong presence of leading market players, significant product launches, and an increase in investments in the R&D biomarkers

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Digital Biomarkers Market Segmentation

Grand View Research has segmented the global digital biomarkers market based on type, clinical practice, therapeutic area, end-use, and region:

Digital Biomarkers Type Outlook (Revenue, Million, 2018 - 2030)

• Wearable
• Mobile Based Applications
• Sensors
• Others

Digital Biomarkers Clinical Practice Outlook (Revenue, Million, 2018 - 2030)

• Diagnostic Digital Biomarkers
• Monitoring Digital Biomarkers
• Predictive And Prognostic Digital Biomarkers
• Other's (Safety, Pharmaco dynamics/ Response, Susceptibility)

Digital Biomarkers Therapeutic Area Outlook (Revenue, Million, 2018 - 2030)

• Cardiovascular And Metabolic Disorders (CVMD)
• Respiratory Disorders
• Psychiatric Disorders
• Sleep & Movement Disease
• Neurological Disorders
• Musculoskeletal Disorders
• Others (Diabetes, Pain Management)

Digital Biomarkers End-use Outlook (Revenue, Million, 2018 - 2030)

• Healthcare Companies
• Healthcare Providers
• Payers
• Others (Patient, Caregivers)

Digital Biomarkers Regional Outlook (Revenue, Million, 2018 - 2030)

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

List of Key Players in the Digital Biomarkers Market

• ActiGraph LLC
• AliveCor Inc.
• Koneksa
• Altoida Inc.
• Amgen Inc.
• Biogen Inc.
• Empatica Inc.
• Vivo Sense
• IXICO plc
• Adherium Limited
• Neurotrack Technologies, Inc.
• Aural Analytic
• Huma
• Sonde Health, 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.

Warehouse Order Picking Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Warehouse Order Picking Market Growth & Trends

The global warehouse order picking market size is anticipated to reach USD 18.70 billion by 2030. It is anticipated to expand at a CAGR of 10.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global warehouse order picking market is experiencing significant growth, driven by various factors such as the increasing demand for automation in warehouses, the rapid development of the e-commerce industry, and the need to reduce response time and increase order fulfillment productivity.

There is a growing preference among warehouse owners to incorporate automation technologies such as barcode scanning, RFID, voice-directed picking, and robotics to reduce order processing time and increase productivity. These technologies streamline order processing, reduce human errors, lower operating costs, and improve overall productivity. For example, RFID technology can increase SKU-level inventory accuracy, voice picking can save time per pick, and robotics can handle repetitive tasks, all contributing to these benefits. Additionally, automation technologies can improve the customer experience by ensuring product availability and accuracy.

Companies are outsourcing manufacturing and storage activities across the globe, leading to intricate supply chain networks. Automated order picking and inventory management systems enable businesses to efficiently manage these complex global supply chains and meet personalized customer requirements with high accuracy and speed. Customers now expect faster delivery times, putting pressure on warehouses to process orders quickly. Automated systems such as goods-to-person robots, voice-directed picking, and automated conveyors can significantly reduce order processing times compared to manual operations.

However, implementing advanced order picking technologies such as automation systems, robotics, and warehouse management software often requires substantial upfront capital investments. This can be a significant barrier, especially for small and medium-sized businesses with limited budgets. In addition, advanced order picking solutions often require regular maintenance, software updates, and hardware upgrades to ensure optimal performance and compatibility with evolving technologies. These ongoing maintenance costs and the need for periodic upgrades can add to the overall operational expenses for businesses, potentially impacting their return on investment (ROI) calculations.

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Warehouse Order Picking Market Report Highlights

• The cloud segment claimed the largest market share of 58.0% in 2023 in the warehouse order picking market, driven by several key factors. The cloud segment dominates the warehouse order picking market due to its scalability, cost-efficiency, and real-time data access. It allows warehouses to adapt quickly to changing demands and optimize operations without significant upfront investments. Cloud solutions offer remote accessibility, seamless integration with advanced technologies such as IoTand AI, and robust security measures, ensuring efficient and secure operations. In addition, cloud services provide continuous updates, disaster recovery, and improved collaboration capabilities, making them a highly attractive option for modernizing and streamlining warehouse order picking processes
• The multiple order picking method segment is projected to register the fastest CAGR of 11.0%. This method enhances order accuracy through integration with advanced technologies, offers scalability to handle growing e-commerce demands, and provides flexibility for diverse product types and order sizes. In addition, by consolidating the picking of multiple orders into a single trip, multiple order picking minimizes the travel distance within the warehouse. This reduction in travel time leads to faster order fulfillment and increased throughput
• The conveyor segment dominated the warehouse order picking market in 2023. Conveyors can easily integrate with other automated systems, such as automated storage and retrieval systems (AS/RS), robotic pickers, and warehouse management software, creating a streamlined and highly efficient order picking process. In addition, conveyor systems can be expanded and reconfigured relatively easily to accommodate changes in warehouse layout or increases in order volume, providing scalability for growing businesses
• The e-commerce segment is projected to register the fastest CAGR of 13.4%. Consumers are increasingly turning to e-commerce for a wide variety of products, from everyday essentials to luxury items, leading to a surge in demand for efficient order fulfillment processes. E-commerce platforms often face a high volume of small, frequent orders compared to traditional retail, necessitating sophisticated order picking systems that can handle this high order density quickly and accurately. This surging demand compels e-commerce businesses to invest in advanced warehouse technologies and methodologies to maintain high service levels and customer satisfaction, driving the growth of the warehouse order picking market
• North America, led by the U.S., dominated the warehouse order picking market in 2023. North America is at the forefront of adopting advanced technologies such as automation, robotics, artificial intelligence(AI), and the Internet of Things (IoT). Additionally, the U.S. has a large and diverse retail sector, both online and offline. This diversity requires sophisticated logistics and order fulfillment systems to manage the wide variety of products and order types, further boosting the demand for advanced warehouse order picking solutions
• In March 2023, Swisslog Holding AG introduced the latest iteration of its CarryPick mobile robotic goods-to-person retrieval and storage system. The next-generation solution boasts enhanced capabilities, including faster and more agile AGVs. By leveraging these advancements, Swisslog Holding AG aims to elevate performance levels and accelerate the return on investment for its valued customers

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Warehouse Order Picking Market Segmentation

Grand View Research has segmented the global warehouse order picking market on the basis of deployment, order picking method, technology, end use, and region:

Warehouse Order Picking Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premises

Warehouse Order Picking Method Outlook (Revenue, USD Million, 2017 - 2030)

• Single Order Picking
• Multiple Order Picking

Warehouse Order Picking Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Automated Storage and Retrieval Systems (AS/RS)
• Automated Guided Vehicles/Autonomous Mobile Robot (AGV/AMR)
• Conveyor Systems
• Scanners
• Others

Warehouse Order Picking End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Construction
• Manufacturing
• Retail
• E-commerce
• Healthcare, Pharma & Cosmetics
• Transportation & Logistics
• Others

Warehouse Order Picking Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Warehouse Order Picking Market

• Honeywell International
• Körber AG
• Bastian Solutions, LLC
• Knapp AG
• Barcodes, Inc.
• Swisslog Holding AG
• Dematic (KION Group AG)
• TGW Logistics Group
• AB&R (American Barcode and RFID)
• BEUMER 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.

Onychomycosis Market to Record an Exponential CAGR by 2030: Grand View Research Inc.

 Onychomycosis Market Growth & Trends

The global onychomycosis market size is estimated at USD 4.94 Billion in 2030 and is expected to grow at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the onychomycosis market is attributable to the increasing incidence of onychomycosis and chronic diseases aided by rising awareness about treatment. The infection leads to psychological and social limitations which can limit an individual's ability to work and socialize which makes it important to provide effective and efficient treatment for patients suffering from the infection further propelling the market growth.

Rising rate of onychomycosis is the key factor contributing to the overall growth of the market. The infection, often known as toenail fungus or fungal nail infection, affects over 14% of the total population in the U.S. However, most people are unaware of how harmful toenail fungus is, despite it is extremely contagious in nature and increasing the risk of developing with age.

International organizations such as the Global Nail Fungus Organization are working with public health officials and healthcare professionals worldwide to increase awareness and improve the prevention and treatment of nail fungus across the globe. This is anticipated to propel the demand for therapeutics. Government initiatives such as Think Fungus by the Centers for Disease Control and Prevention (CDC), emphasize the significance of detecting fungal diseases such as onychomycosis, early enough in the course of a patient's condition to ensure the administration of relevant therapy. This is inducing a surge in demand for onychomycosis therapeutics and is expected to drive market growth in the country.

Furthermore, the key players are focusing on collaborations and partnerships to develop novel onychomycosis therapies and to maintain their competitive position in the market. For instance, in August 2022, Moberg Pharma AB entered into a distribution agreement with Padagis Israel Agencies Ltd. that is expected to give Padagis exclusive rights for selling and marketing MOB-015, a treatment for onychomycosis in Israel. Moreover, innovations to address the concerns such as improving patient compliance and reducing the dosage are expected to fuel the market growth. For instance, in October 2021, Intas Pharmaceuticals launched SB 100mg under the brand name Itaspor-SB Forte/Subawin which is the world's first Super Bioavailable Itraconazole. This initiative is expected to significantly increase patient compliance and reduce the cost of therapy.

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Onychomycosis Market Report Highlights

• Distal subungual onychomycosis segment dominated the market in 2022 and is attributable to the increasing prevalence and number of generic approvals by the FDA to meet the rising demands
• Topical segment is expected to show the fastest growth rate over the forecast period owing to ease of usage and administration which leads to increased patient compliance with treatment
• Players have an increased focus on acquiring specialized capacities that are highly capital-intensive to develop and maintain their competitive position
• North America held the largest market share in 2022 which can be attributed to better access to healthcare, the presence of a wide target population, and high adoption of treatment

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Onychomycosis Market Segmentation

Grand View Research has segmented the global onychomycosis market based on the type, treatment, and region 

Onychomycosis Type Outlook (Revenue, USD Million, 2018 - 2030)

• Distal Subungual Onychomycosis
• White Superficial Onychomycosis
• Proximal Subungual Onychomycosis
• Other Types

Onychomycosis Treatment Outlook (Revenue, USD Million, 2018 - 2030)

• Oral
• Topical
• Others

Onychomycosis 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 and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in Onychomycosis Market

• Bausch Health Companies Inc.
• GSK plc
• Abbott
• Pfizer Inc.
• Bayer AG
• Teva Pharmaceutical Industries Ltd.
• Cipla Inc.
• Merck & Co., Inc.
• Novartis AG
• Sun Pharmaceutical Industries Ltd.

About Grand View Research

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

Powder Fire Suppression Systems Market Set to Witness an Uptick during 2024 to 2030: Grand View Research Inc.

 Powder Fire Suppression Systems Market Growth & Trends

The global powder fire suppression systems market size is anticipated to reach USD 6.17 billion by 2030 and is projected to grow at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing population and rising demand for the residential sector are likely to augment the installation of new powder fire suppression systems in the residential segment over the forecast period.

The high-rise building construction projects around the world have been rising rapidly owing to the growing demand from the residential and commercial sectors. According to the report issued by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in May 2024, the seasonally adjusted annual rate for new privately-owned residential building construction stood at 1,360,000, marking a 5.7% increase from the revised estimate of 1,287,000 in March. Such a high number of residential housing construction is likely to generate demand for effective fire suppression systems.

The rising industrial output and manufacturing activities worldwide are contributing to the market growth. Industries such as automotive, chemical, oil and gas, mining, textile, electronics, and power and electricity are continuously growing at a robust rate. These industries deal with flammable substances on a daily basis, which makes them more susceptible to fire hazards.

The rising government initiatives and the upgradation of fire safety rules and regulations are likely to have a positive impact on the market growth. For example, the National Fire Research Laboratory (NFRL) at the National Institute of Standards and Technology (NIST), Maryland, U.S., provides a collaborative opportunity for industry experts, government authorities, and researchers to study fire behavior and build structural responses to fire. Such initiatives are anticipated to drive innovation activities for new technologies and techniques for fire suppression systems intended for manufacturing and other sectors.

Rising industrial output and manufacturing activities across the world are contributing to the market growth. With economic growth and rising disposable income, consumer spending on various commodities and goods is constantly rising. This rising demand ultimately creates an upsurge in the growth of industrial manufacturing, which is expected to propel the demand for powder fire suppression systems over the forecast period.

The market is witnessing rapid growth with the deployment of AI-assisted and cloud-based fire detection and suppression technologies. With the increasing use of synthetic materials such as acrylic, polyester, and nylon, which are highly flammable and burn vigorously, the need for powder fire suppression systems is rising across the world. In addition to that, the growing adoption of electric vehicles to control greenhouse gas emissions is expected to boost the use of lithium-ion batteries. This requires specialist dry powder fire extinguishers such as L2 powder extinguishers.

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Powder Fire Suppression Systems Market Report Highlights

• Based on application, the industrial segment led the market with the largest revenue share of 44.8% in 2023. This is significantly attributed to the established regulation and higher implementation of safety protocols for the industrial sector
• The residential segment is expected to grow at a lucrative CAGR of 5.6% over the forecast period, owing to the increasing construction of high-rise buildings and growing regulations
• North America accounted for the majority of the market revenue share of 45.6% in 2023. This is attributed to the higher implementation of stringent regulations and greater consumer awareness
• Asia Pacific is anticipated to grow at the fastest CAGR of 6.7% during the forecast period. The rising population and growing industrial output, coupled with the development of strong regulations, are likely to augment the demand for powder fire suppression systems
• In March 2024, Carrier Global Corporation, a prominent company specializing in smart climate and energy solutions, announced that it has reached a final agreement to divest its industrial fire business division to Sentinel Capital Partners at an enterprise value of USD 1.42 billion

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Powder Fire Suppression Systems Market Segmentation

Grand View Research has segmented the global powder fire suppression systems market report based on application and region:

Powder Fire Suppression Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
• Industrial
  • Automotive
    • Paint Booths
    • Inflammable Liquid Storage
    • Others
  • Chemical
  • Oil & Gas
  • Power & Generation
  • Aviation
  • Mining
  • Others

Powder Fire Suppression Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Powder Fire Suppression System Market

• Johnson Controls
• Carrier
• Reliable Fire & Security
• Koorsen Fire & Security
• Gielle Group
• Afex Fire Suppression Systems
• American Fire Technologies
• Fireaway Inc.
• Buckeye Fire
• Amerex Corporation
• AKRONEX International Fire Engineering Inc.
• SIEX
• Hochiki Corporation
• NAFFCO FZCO
• Halma 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.

Veterinary Imaging Market Set to Record Exponential Growth by 2030: Grand View Research Inc.

 Veterinary Imaging Market Growth & Trends

The global veterinary imaging market size is projected to reach USD 2.9 billion by 2030, registering a CAGR of 7.01% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to the rising penetration of diagnostic imaging technology in therapeutic applications in pets and livestock animals. Moreover, rising pet ownership and humanization, rising incidence of zoonotic disease in animals, increased focus on preventive healthcare, advancements in technology, and rising awareness and education.

The increasing trend of pet humanization and ownership across different countries has led to a rise in pet insurance enrollment rates across the globe. Radiography is one of the most common diagnostic tests covered by pet insurance. Thus, growing adoption of pet insurance and increasing awareness of the various diagnostic & treatment options available for pets are some of the factors driving the market growth. For instance, as per North American Pet Health Insurance Association (NAPHIA) data published in 2023, the overall number of pets insured by the end of 2023 in the U.S. was 5.36 million. This reflects an increase in several diagnostic imaging performed on pets in veterinary hospitals across the U.S.

In addition, an increase in product launches for small animal diagnostic imaging is expected to drive the segment growth. For instance, in June 2023, Sunset Vet introduced the first Veterinary Computed Tomography (CT) service in Indonesia, aiming to revolutionize small animal veterinary imaging. With advanced technology, including high-resolution imaging and rapid, noninvasive procedures, Sunset Vet offers precise diagnoses and tailored treatment plans. Similarly, in June 2023, iCRco, Inc. installed its CLARIS V Cone Beam Computed Tomography (CBCT) imaging device at the Santa Barbara Zoo, marking its 4th anniversary. This advanced technology facilitates precise 3D imaging of exotic animals, enhancing veterinary care through noninvasive and efficient diagnosis. The collaboration underscores the zoo's commitment to leveraging cutting-edge veterinary imaging solutions for the welfare of small animals.

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Veterinary Imaging Market Report Highlights

• In terms of product, the X-ray segment held the largest revenue share of 37.54% in 2023. X-ray is one of the most common diagnostic tests covered by pet insurance. Thus, rising pet insurance adoption and increased awareness of the various radiographic imaging solutions available for pets are contributing to segment growth.
• In 2023, the small animals segment accounted for the largest share of the market by animal type and is expected to witness the fastest CAGR over the forecast period due to an increase in pet population, growing adoption of pet insurance, and increasing product launches.
• Based on solution, the equipment segment dominated the global market with a share of 55.65% in 2023. On the other hand, the PACS segment is expected to witness the fastest CAGR over the forecast period.
• Based on application, the Orthopedics and Traumatology segment dominated the global market with a share of 37.70% in 2023. On the other hand, the oncology segment is expected to witness the fastest CAGR over the forecast period.
• Based on end use, the veterinary hospitals & clinics segment dominated the global market with a share of 64.86% in 2023 and is expected to witness the fastest CAGR over the forecast period.
• The North America region dominated the global market with a share of 40.84% in 2023. North America has a highly developed veterinary healthcare infrastructure with numerous clinics, hospitals, and specialty centers equipped with advanced diagnostic and treatment capabilities. This advanced infrastructure enables veterinarians to diagnose and manage conditions like joint diseases (such as osteoarthritis) and ligament injuries in animals more effectively, leading to a higher demand for veterinary imaging.
• Asia Pacific is expected to witness the fastest CAGR over the forecast period due to growing pet ownership rates, increasing awareness of veterinary imaging services, and growing strategic activities between key players to expand geographic footprints.

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Veterinary Imaging Market Segmentation

Grand View Research has segmented the global veterinary imaging market based on product, solutions, animal type, application, end use, and region:

Veterinary Imaging Product Outlook (Revenue, USD Million; 2018 - 2030)

• X-ray
• Ultrasound
• MRI
• CT Imaging
• Video Endoscopy

Veterinary Imaging Solutions Outlook (Revenue, USD Million; 2018 - 2030)

• Equipment
• Accessories/ Consumables
• PACS

Veterinary Imaging Animal Type Outlook (Revenue, USD Million; 2018 - 2030)

• Small Animals
• Large Animals

Veterinary Imaging Application Outlook (Revenue, USD Million; 2018 - 2030)

• Orthopedics And Traumatology
• Oncology
• Cardiology
• Neurology
• Respiratory
• Dental Application
• Other

Veterinary Imaging End-use Outlook (Revenue, USD Million; 2018 - 2030)

• Veterinary Clinics & Hospitals
• Other End-use

Veterinary Imaging Market Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players of Veterinary Imaging Market

• IDEXX Laboratories, Inc.
• ESAOTE SPA
• Mars, Inc.
• GE HealthCare
• Midmark Corporation
• FUJIFILM Holdings America Corporation
• Hallmarq Veterinary Imaging
• Canon Medical Systems Corporation
• Shenzhen Mindray Animal Medical Technology Co., Ltd.
• IMV Imaging

About Grand View Research

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

Metal Recycling Market Poised to Garner Maximum Revenues During 2024– 2030: Grand View Research Inc.

 Metal Recycling Market Growth & Trends

The global metal recycling market size is expected to reach USD 1,135.28 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing emphasis on circular economy and growing environmental awareness are major factors that are likely to propel the industry growth over coming years.

Global initiatives aimed at boosting recycling capabilities and obsolete scrap access are expected to drive long-term industry growth. Steel, being the most recycled material by volume, highlights its prominence in sustainability efforts. The rise in steel scrap production, fueled by rapid industrialization and its abundant availability, emphasizes the potential for industry expansion and enhanced sustainability.

Furthermore, the growing consumption of recycled metal in end-use industries is also likely to play a major role in driving industry growth. For instance, steel is largely consumed in the automotive, construction, industrial manufacturing, and consumer goods industries. Aluminum recycling is also gaining significant momentum as recycling aluminum saves over 90% of energy compared to its primary production.

Metal manufacturers are increasingly promoting recycling as an effective way to address the problem of resource scarcity and mitigate the environmental impact associated with the production process. The metal recycling industry is garnering a significant pace as economically viable recovery of metals from sorted recyclates is now feasible.

Asia Pacific dominated the revenue share in 2023 and is anticipated to continue over the forecast period from 2024-2030. Proper waste management and rapid urbanization are major factors that are likely to trigger industry growth in APAC. The growth of manufacturing in India, China, Vietnam, Thailand, Myanmar, and Indonesia is increasing production activities and boosting demand for metal recycling. This trend is mainly driven by China's fast-paced industrialization and urbanization, leading to a higher demand for metals in the construction, automotive, and electronics sectors.

Increased volume of scrap is driving the adoption of scrap-handling equipment such as magnetic separators and conveyors. Consequently, companies are undertaking expansion measures and making significant investments to boost their scrap handling capacities and increase output. For instance, in November 2023, Norsk Hydro ASA, an integrated smelter, opened its new Cassopolis plant. The USD 150 million plant in Michigan is expected to produce 120 million tons of recycled aluminum annually.

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Metal Recycling Market Report Highlights

• The steelsegment is projected to register the fastest CAGR from 2024 to 2030 owing to the highest volume share of generated scrap and abundant availability of steel scrap from automobiles.
• The construction was the largest sector segment, with a revenue share of over 40.0% in 2023, owing to investments and high spending in the construction sector in emerging economies of Asia Pacific, such as India, Indonesia, Malaysia, and South Korea.
• The consumer goods sector segment is projected to witness a maximum revenue CAGR from 2024 to 2030 due to its role as both a key end user and a dominant source of metal scrap.
• Asia Pacific was the largest regional market in 2023 in terms of both volume and revenue. Infrastructural investments have enhanced the development of different industries, thereby resulting in a rise in demand for metals and, subsequently, metal recycling in Asia Pacific.
• Market players can improve their revenue model and market offerings by efficiently handling high-volume scrap in less time. This can be achieved through economies of scale, which companies are pursuing by expanding their operational capabilities.

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Metal Recycling Market Segmentation

Grand View Research has segmented the global metal recycling market based on metal, sector, and region:

Metal Recycling Metal Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

• Aluminum
• Copper
• Steel
• Others

Metal Recycling Sector Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

• Construction
• Automotive
• Consumer Goods
• Industrial Goods

Metal Recycling Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Metal Recycling Market

• European Metal recycling
• CMC
• GFG Alliance
• Norsk Hydro ASA
• Kimmel Scrap Iron & Metal Co., Inc.
• Schnitzer Steel Industries, Inc.
• Novelis
• Tata Steel
• Sims Metal
• Utah Metal Works

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.

Telehealth Services Market Expected to Deliver Dynamic Progression By 2030

 Telehealth Services Market Growth & Trends

The global telehealth services market size is anticipated to reach USD 291.37 billion by 2030, growing at a CAGR of 30.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing technological advancements in healthcare, the shortfall of healthcare professionals, and supportive government initiatives drive the market demand. Technological advancements in telehealth include the internet, store-and-forward imaging, videoconferencing, streaming media, and wireless and terrestrial communications.

Telehealth technologies are altering the way of delivering care to underserved individuals or populations who otherwise experience burdensome travel and hefty expenses to receive specialty care. Moreover, transportation may be an obstacle for patients with chronic diseases; telehealth provides continuous care to such patients overcoming the obstacles of transportation, time, and cost. Health status can be accessed conveniently with the help of technologies such as video conferencing and real-time connectivity via chat, text, and audio.

Many companies are adopting such technologies to provide better care to patients. For instance, in February 2024 , Yellowcross Healthcare Commerce, a provider of telemedicine practice management services, launched a new consultancy service designed to empower medical groups and healthcare facilities to enhance their remote care capabilities. This new venture, founded by experienced telemedicine professionals, aims to support healthcare providers in addressing the growing shortage of radiologists and improving patient care through the adoption of innovative telemedicine solutions.

Telehealth services have expanded healthcare accessibility, particularly for individuals in remote or underserved areas. Patients who previously had limited access to healthcare facilities can now receive medical consultations and follow-ups without the need to travel long distances. This convenience not only improves patient outcomes but also reduces the burden on physical healthcare infrastructure, leading to more efficient resource allocation.

In addition, the growing prevalence of chronic diseases such as diabetes, hypertension, and heart disease has fueled the demand for telehealth services. Continuous monitoring and management of these conditions often require regular medical consultations, which can be effectively managed through telehealth. A study published by the NIH in April 2023 investigated telehealth chronic disease visits among low-income groups. The analysis, included records for 52,904 unique patients, with 31,999 being female, and 49% having at least one telehealth visit. Remote monitoring devices and wearable technology enable healthcare providers to track patient health metrics in real time, allowing for timely interventions and personalized care plans.

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Telehealth Services Market Report Highlights

• Based on delivery mode, the web-based segment held the largest revenue share of 45.78% in 2023. The demand for web-based delivery services is due to the availability of various telehealth platforms and virtual care applications on the web.
• Based on the service type, the real-time interactions segment accounted for the largest revenue share of 28.33% in 2023. The dominance of the segment is due to the overall adoption to address chronic conditions, advances in digital health infrastructure, growing demand for real-time monitoring, the rising number of mobile internet users, and increasing demand to minimize healthcare expenditure
• Based on application, the teleradiologyheld the largest revenue share of 24.33% in 2023 due to the rising diagnostic imaging centers, the rapid incorporation of tele-radiology workflow by healthcare providers, and the introduction of supporting tele-radiology practices.
• Based on end user, the patients' segment accounted for a revenue share of 44.18% in 2023 and is anticipated to grow at the fastest CAGR from 2024 to 2030. The segment's dominance is due to the increasing adoption rates of telehealth applications and virtual care platforms and increased affordability, convenience, and accessibility of care solutions
• North America dominated the overall global market and accounted for the 51.24% revenue share in 2023. This is attributable to the rise in healthcare IT expenses, the presence of prominent market players, advances in health infrastructure, high-quality network connectivity, and the growing incidence of chronic conditions.
• The major companies are undertaking various strategies such as new product development, collaborations, acquisitions, mergers, and regional expansion to serve the unmet needs of their customers.

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

Telehealth Services Market Segmentation

Grand View Research has segmented global telehealth services market based on service type, delivery mode, application, end use, and region:

Telehealth Services Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Web-based
• Cloud-based
• Others

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

• Remote Patient Monitoring
• Real Time Interactions
• Store and Forward
• Video/ Audio Consultations
• Physician-to-physician Contact
• Patient Medical Data Collections
• Appointment Scheduling
• Other Telehealth Services

Telehealth Services Application Outlook (Revenue, USD Million, 2018 - 2030)

• Teleradiology
• Telepsychiatry
• Telepathology
• Teledermatology
• Telecardiology
• Others

Telehealth Services End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Payers
• Providers
• Patients

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

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

List of Key Players in the Telehealth Services Market

• Teladoc Health
• American Well
• Medtronic plc
• Koninklijke Philips N.V.,
• Siemens Healthineers,
• Doxy.me
• Doctor On Demand
• Cerner Corporation
• Cisco Systems.
• Practo
• GE Healthcare
• Zoom
• MDlive
• PlushCare
• Global Med
• Health Tap

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.

Augmented Reality And Virtual Reality In Healthcare Market 2024 Global Key Vendors Analysis, Revenue, Trends & Forecast to 2030

 Augmented Reality And Virtual Reality in Healthcare Market Growth & Trends

The global augmented reality and virtual reality in healthcare market size are expected to reach USD 11.3 billion by 2030, at a projected CAGR of 16.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing advancements and digital disruptions in the healthcare system, rising healthcare expenditures and the rising need for efficient and innovative solutions to enhance clinical and operational outcomes are contributing to the market's growth. Augmented reality (AR) and virtual reality (VR) are widely adopted in surgical departments, education and training, simulation labs, and chronic pain management.

In February 2024, Dr. Benjamin Warf, a neurosurgeon affiliated with Boston Children's Hospital, in the MIT nano Immersion Lab, operated his avatar from a significant distance in real-time, and medical residents from Brazil observed, interacted, and learned in a 3D environment. The AR VR-powered lab facilitated the resident's practice on intricate surgical procedures using a simulated infant brain model more than 3,000 miles from the physical location.

During the COVID-19 pandemic, AR and VR experienced increased demand, as they played an important role in avoiding travel and social contacts while providing effective audiovisual communication and virtual presence. Furthermore, the integration of AR and VR in healthcare extended beyond training and education to directly impact the treatment and rehabilitation of COVID-19 patients. Also, the virtual rehabilitation programs, designed to address the physical and mental health challenges faced by infected individuals, proved effective in managing pain and facilitating recovery, thereby driving the market growth.

AR technological solutions are widely used in surgical procedures, fitness management, education and training, patient care management, and medical imaging. Recent advancements in AR components have reduced the cost of augmented reality solutions and enhanced customer experience. The increasing prevalence of diseases and surgeries, along with advancements in healthcare infrastructure and IT, are some driving forces. For instance, in April 2024, KIMS Hospital in India used AR and AI in neurosurgery to reduce complexities and human errors.

Moreover, due to the introduction of several solutions, supportive government policies, technical advancements, and the presence of key companies, the market is expected to grow significantly during the forecast period. For instance, in September 2023, the Des Moines Fire Department (DMFD) and the Simulation in Motion-Iowa (SIM-IA), a simulation clinical learning program by the University of Iowa, launched an augmented reality & virtual reality in healthcare training truck. This simulation truck featured an ambulance box, video recording for analysis & debriefing, four human patient simulators, and a simulated emergency bay to provide high-quality, evidence-based clinical education to hospital professionals & EMS across the state.

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Augmented Reality And Virtual Reality In Healthcare Market Report Highlights

• Based on component, the hardware segment dominated the market in 2023. Due to their audio-visual significance, AR and VR are being widely adopted in education, simulation, telemedicine, and data visualization. Increasing product development in this space is contributing to market growth.
• Based on technology type, the AR segment dominated the market in 2023. Factors such as technological advancements, growing demand for efficient treatment, increasing public & private investments, rising number of mergers and acquisitions, and reducing prices of head-mounted devices are among a few factors that are driving the demand for AR.
• North America dominated the global market in 2023 with a revenue share of 39.1%. The market growth can be attributed to the increasing adoption of AR and VR technologies, growing R&D initiatives, and favorable government initiatives.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-augmented-reality-ar-virtual-reality-vr-in-healthcare-market

Augmented Reality And Virtual Reality In Healthcare Market Segmentation

Grand View Research has segmented the global augmented reality and virtual reality in healthcare market based on component, technology type, and region:

AR & VR In Healthcare Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Service

AR & VR In Healthcare Technology Type Outlook (Revenue, USD Million, 2018 - 2030)

• Augmented Reality
  • Surgical Application
  • Rehabilitation
  • Training and Medical Education
• Virtual Reality
  • Virtual Reality Exposure Therapy (VRET)
  • Simulation
  • Rehabilitation
  • Diagnostics
  • Pain Distraction

AR & VR In Healthcare Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Augmented Reality (AR) And Virtual Reality (VR) In Healthcare Market

• CAE Healthcare Inc.
• Siemens Healthineers
• Koninklijke Philips N.V.
• Hologic, Inc.
• EON Reality, Inc.
• Intuitive Surgical Operations, Inc.
• GE HealthCare
• eu
• WorldViz, Inc.
• TheraSim, 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.

Plasma Protease C1-inhibitor Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Plasma Protease C1-inhibitor Market Growth & Trends

The global plasma protease C1-inhibitor market size is anticipated to reach USD 6.21 billion by 2030, expanding at a CAGR of 9.79% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market for plasma protease C1-inhibitor is propelled by multiple pivotal factors such as the rising incidence of hereditary angioedema (HAE), a rare genetic disorder, increases the demand for effective therapies such as C1-inhibitor. Furthermore, advancements in biotechnology improve production efficiency, making these therapies more accessible.

Increased awareness and improved diagnosis of HAE and related conditions further contribute to substantial market growth. HAE affects approximately 1 in 50,000 individuals worldwide, underscoring the urgent need for therapies to alleviate symptoms and improve patient quality of life. Furthermore, advancements in biotechnology have enabled the development of recombinant products, which promise enhanced efficacy and accessibility for patients globally. These drivers are pivotal in shaping the landscape of the C1-INH industry, facilitating greater adoption and investment in novel treatment options.

Innovations in therapies are set to redefine treatment standards across various conditions. For instance, the introduction of long-acting formulations offers extended therapeutic effects, reducing treatment frequency and improving patient compliance. Additionally, ongoing research into new indications beyond HAE, such as antibody-mediated autoimmune diseases, showcases the versatility and potential of therapies in addressing unmet medical needs. These advancements underscore the dynamic nature of the industry, driven by continuous research and development efforts aimed at expanding therapeutic applications and optimizing patient outcomes.

Industry continues to expand; market players are increasingly focused on addressing key challenges and seizing opportunities for growth. Regulatory advancements and favorable reimbursement policies are anticipated to further propel market expansion, facilitating greater accessibility to C1-INH therapies for patients globally. Market players are leveraging these regulatory developments to streamline industry entry processes and ensure timely access to innovative treatments. Companies such as CSL Behring and Takeda Pharmaceutical are actively investing in expanding production capacities to meet escalating demand and ensure global supply chain resilience. Moreover, partnerships with research institutions and regulatory bodies are fostering innovation and accelerating the approval process for new C1-INH therapies. These proactive measures underscore a commitment to advancing treatment options and reinforcing market leadership, positioning stakeholders for sustained growth and success in the evolving healthcare landscape.

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Plasma Protease C1-inhibitor Market Report Highlights

• Based on drug class, C1-inhibitors dominated the market and accounted for the largest share in 2023. Selective bradykinin B2 receptor antagonist anticipated to grow at the fastest growth rate over the forecast period owing to undergoing R&D initiatives being undertaken by major players
• Based on dosage form, the lyophilized segment held a dominant share in 2023 due to their stability, longer shelf life, and ease of storage and transportation, making them preferred for plasma protease C1-inhibitor therapies, ensuring efficacy and convenience for patients and healthcare providers alike
• Based on distribution channel, hospital pharmacies dominated the market in 2023 due to their widespread accessibility, regulatory compliance, and ability to handle specialized therapies like plasma protease C1-inhibitor effectively
• North America dominated the market and accounted for the largest share in 2023 owing to high healthcare spending, advanced healthcare infrastructure, robust research, and significant adoption of Plasma Protease C1-inhibitor therapies for various rare diseases like hereditary angioedema.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plasma-protease-c1-inhibitor-market

Plasma Protease C1-inhibitor Market Segmentation

Grand View Research has segmented the plasma protease C1-inhibitor market based on drug class, dosage form, distribution channel and region:

Plasma Protease C1-inhibitor Drug Class Outlook (Revenue, USD Million, 2018 - 2030)

• C1-inhibitors
  • C1-esterase Inhibitor
  • Recombinant Inhibitor
• Kallikrein Inhibitor
• Selective Bradykinin B2 Receptor Antagonist

Plasma Protease C1-inhibitor Dosage Form Outlook (Revenue, USD Million, 2018 - 2030)

• Lyphophlised
• Injectables

Plasma Protease C1-inhibitor Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Plasma Protease C1-inhibitor Region Outlook (Revenue, USD Million, 2018 - 2030)

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

List of key players in the Plasma Protease C1-Inhibitor Market

• Takeda Pharmaceutical Company Limited
• Pharming
• KalVista Pharmaceuticals.
• BioCryst Pharmaceuticals, Inc.
• CENTOGENE N.V.

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.