HVAC Systems Market Growth With Worldwide Industry Analysis To 2033: Grand View Research Inc.

 HVAC Systems Market Growth & Trends

The global HVAC systems market size is anticipated to reach USD 445.73 billion by 2033, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.0% from 2025 to 2033. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

The growing popularity of ductless HVAC(Heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

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HVAC Systems Market Report Highlights

• Based on equipment, the heat pump equipment segment led the market with the largest revenue share of 38.5% in 2024. The demand for heat pumps is experiencing a notable surge driven by a growing emphasis on energy efficiency, environmental sustainability, and a shift toward renewable heating solutions.
• The demand for air purifiers is witnessing a robust increase as concerns about indoor air quality and respiratory health grow worldwide. Driven by factors such as rising pollution levels, allergens, and the ongoing awareness of airborne viruses, consumers and businesses are increasingly investing in air purification technologies.
• Based on application, the residential segment led the market with the largest revenue share of 41.71% in 2024. Increasing multi-family and individual homeowners is creating avenues for the residential HVAC segment.
• The Asia Pacific HVAC systems market accounted for the largest revenue share of 46.8% in 2024. Factors such as improving economic conditions, rapid industrialization, and commercialization are anticipated to positively impact the market growth.

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HVAC Systems Market Segmentation

Grand View Research, Inc. has segmented the global HVAC systems market report based on the equipment, application, distribution channel, and region:

HVAC Systems Equipment Outlook (Revenue, USD Billion, 2021 - 2033)

• Heating
  • Heat Pump
  • Furnace
  • Unitary Heaters
  • Boilers
  • Electric Baseboards
  • Heating Cables
  • Others
• Ventilation
  • Air Purifier
  • Dehumidifier
  • Air Handling Units
  • Ventilation Fans
  • Others
• Cooling
  • Air Conditioning
  • Chillers
  • Cooling Towers
  • Others

HVAC Systems Application Outlook (Revenue, USD Billion, 2021 - 2033)

• Residential
  • By Equipment
• Commercial
  • By Equipment
• Industrial
  • By Equipment

HVAC Systems Distribution Channel Outlook (Revenue, USD Billion, 2021 - 2033)

• Online
• Retail Stores
• Wholesale Stores
• Others

HVAC Systems Regional Outlook (Revenue, USD Billion, 2021 - 2033)

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

List of Key Players of HVAC Systems Market

• Carrier Corporation
• DAIKIN INDUSTRIES Ltd. 
• Fujitsu
• Haier Group
• Panasonic Corporation
• AAON
• Johnson Controls
• LG Electronics
• Lennox International Inc.
• Mitsubishi Electric Corporation
• Rheem Manufacturing Company
• SAMSUNG
• Trane
• Midea
• Danfoss AS
• Munters
• Frigidaire HVAC
• Bosch Group
• STULZ Air Technology Systems, Inc.
• Honeywell International 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.

High Purity Calcium Sulfate Market Insights Business Opportunities, Current Trends And Forecast 2030: Grand View Research Inc.

 High Purity Calcium Sulfate Market Growth & Trends

The global high purity calcium sulfate market size is anticipated to reach USD 15.93 billion by 2030 and is anticipated to expand at a CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. High purity calcium sulfate, a critical raw material in industries such as pharmaceuticals, food processing, construction, and ceramics, has unique characteristics that make it desirable in these sectors. Its chemical stability, non-toxicity, and excellent absorption properties allow it to be used in the production of medicines, as a food additive, and in other applications that require stringent purity standards. As industries evolve and demand more refined materials, the need for high purity calcium sulfate is also increasing.

Calcium sulfate is used in the production of pharmaceutical products, such as tablet binders, coatings, and fillers in drug formulations. With the growing demand for generic drugs, over-the-counter medications, and nutraceuticals, pharmaceutical manufacturers require high-purity raw materials to meet regulatory standards and produce effective, safe, and stable products. This demand has driven investments in high-purity calcium sulfate production processes, thus spurring market growth.

In addition to pharmaceuticals, the food and beverage industry has been another critical growth driver. Calcium sulfate is widely used as a food additive in producing tofu, as a dough conditioner, and in fortifying food products. It provides essential minerals such as calcium and helps improve the texture and stability of food products. As global food consumption rises and there is an increasing emphasis on food fortification to address nutritional deficiencies, the demand for high purity calcium sulfate in the food industry continues to grow, further propelling the market.

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High Purity Calcium Sulfate Market Report Highlights

• The powder form segment accounted for the largest revenue market share, 53.4%, in 2024. High purity calcium sulfate powder improves soil quality by enhancing nutrient availability and reducing soil salinity. Farmers increasingly adopt gypsum-based products to promote healthier crop yields as agricultural practices evolve towards sustainability.
• The pharmaceuticals segment dominated the market with a market share of 29.9% in 2024. Innovations such as nanotechnology and targeted drug delivery systems require excipients supporting complex formulations while maintaining their integrity during processing. High purity calcium sulfate offers desirable characteristics such as controlled-release properties and compatibility with various active pharmaceutical ingredients (APIs).
• Asia Pacific is the dominant region for the high purity calcium sulfate market with a revenue share of 48.0% in 2024. APAC is emerging as a global hub for pharmaceutical manufacturing, and the need for high purity ingredients, such as calcium sulfate, is intensifying to meet domestic demand and export requirements.

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High Purity Calcium Sulfate Market Segmentation

Grand View Research has segmented the global high purity calcium sulfate market on the basis of form, end use, and region:

High Purity Calcium Sulfate Form Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Powder
• Granules
• Others

High Purity Calcium Sulfate End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Pharmaceuticals
• Food and Beverage
• Construction
• Agriculture
• Cosmetics and Personal Care
• Others

High Purity Calcium Sulfate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the High Purity Calcium Sulfate Market

• Beijing New Building Materials PLC
• Boral Limited
• Celtic Chemicals Limited
• Compagnie de Saint-Gobain SA
• Georgia-Pacific LLC
• Honeywell International Inc.
• JONOUB GYPSUM
• PABCO Building Forms, LLC.
• Penta Manufacturing Company
• Solvay SA
• USG Corporation
• Yoshino Gypsum Co., Ltd.

About Grand View Research

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

Technical Textiles Market Witness Excellent Revenue Growth During 2025-2030: Grand View Research Inc

 Technical Textiles Market Growth & Trends

The global technical textiles market size is expected to reach USD 272.33 billion by 2030, registering a CAGR of 4.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The technical textile product exhibits exceptional strength, durability, and superior performance, which makes them fit for several industrial applications.

Increasing concern towards agriculture and attaining high crop yield is one of the major factors fueling the growth of agro textile in the market. Several nets manufactured under agro textile including plant nets, bird protection nets, monofil nets, root ball nets, and various others are extensively used for passive protection of agricultural seeds, crops, or fruits against any external damage.

Increasing technological advancements coupled with the rising demand for high-performance and energy-efficient fabric are acting as a propelling growth factor in the market. In addition, stringent government policies regarding the use of effective personal protective equipment have driven the market growth on a positive note.

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Technical Textiles Market Report Highlights

• 3D Weaving segment accounted for 23.4% of the revenue share in 2024. The 3D weaving segment of the market is driven by advancements in manufacturing technologies and the rising demand for high-performance materials across industries.
• In 2024, the hometech technical textile end-user segment led the market and accounted for the largest revenue share of 19.8%. The segment is likely to ascend at a significant rate during the forecast period. Increasing consumer demand for aesthetically appealing clothing and apparel is expected to increase the product demand in the segment
• In 2024, Asia Pacific emerged as the largest market and accounted for over 47.0% of the total revenue owing to the increasing industrial development in the region. Favorable government policies coupled with the abundant availability of raw materials are expected to draw higher growth from the region over the forecast period
• In North America, the technical textiles demand stood at 8,376.0 kilotons in 2024 and is expected to ascend at a significant rate during the forecast time on account of increasing application in sports, construction, and medical and healthcare industries
• Prominent players in the market are involved in various initiatives such as advancing healthcare infrastructure, partnership, and scientific research in collaboration with various healthcare institutions. Moreover, government support and policies within the respective countries are expected to influence the market on a positive note

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Technical Textiles Market Segmentation

Grand View Research has segmented the global technical textiles market on the basis of manufacturing, end use, and region:

Technical Textiles Manufacturing Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Thermo-forming
• 3D Weaving
• 3D Knitting
• Nanotechnology
• Heat-set Synthetics
• Finishing Treatments
• Hand-made Elements
• Others

Technical Textiles End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Agro Textiles
• Buildtech Textiles
• Indutech Textile
• Hometech Textile
• Medtech Textile
• Packtech Textile
• Protech Textile
• Transtech Textile
• Sportech Textile
• Clothtech Textile
• Others

Technical Textiles Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

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

List of Key Players in Technical Textiles Market

• Low & Bonar PLC
• Freudenberg Group
• Berry Global Group, Inc.
• Ahlstrom-Munksjo
• Asahi Kasei Advance Corp.
• Kimberly-Clark Corp.
• Mitsui Chemicals, Inc.
• Huntsman International LLC
• Toray Industries, 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.

Cocoa Nibs Market to Reflect Impressive Expansion During 2025 to 2030: Grand View Research Inc.

 Cocoa Nibs Market Growth & Trends

The global cocoa nibs market size is expected to reach USD 2.47 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% from 2025 to 2030. Growing application of cocoa nibs in the food and beverages industry on account of its nutty and chocolatey flavor, coupled with exceptional nutritional properties, is expected to remain a key factor for the market growth. Moreover, increasing use of these nibs in frozen desserts and beverages, such as smoothies and coffees, is offering new scope for the global market.

Increasing adoption of these crushed product forms in confectionery, bakery, and dessert products among all age groups is expected to have a positive influence on market growth. Health benefits associated with products also play a substantial role in driving the demand for these products. Another important factor anticipated to influence the growth prospects of the market is the launch of different kinds of products in the global market.

The household application segment is expected to expand at the fastest CAGR of 8.1% from 2020 to 2027. With shifting consumers’ preference for a healthy lifestyle, nutritious and rich flavored products are increasingly adopted by consumers. People are increasingly using cocoa nibs for making cakes, cookies, smoothies, flavored milk, and they are also simply consumed as snacks.

North America was the largest regional market, accounting for a share of more than 30.0% in 2019 as the U.S. is one of the largest consumers of chocolates in the world. Demand for the organic products is significantly increasing in the country owing to shifting consumers’ preference for organic and healthy foods, which is expected to expand the scope of cocoa nibs at the national level.

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Cocoa Nibs Market Report Highlights

• The conventional product segment accounted for a share of more than 67.9% in 2024 and is anticipated to maintain the lead over the forecast period owing to the extensive range of products available in the global market
• The commercial application segment held the largest share of more than 67.7% in 2024. The confectionery sector is the largest consumer of cocoa nibs while the bakery and beverage industries are among the fastest-growing segments in terms of usage
• The organic product segment is expected to witness the fastest growth with a CAGR of 8.1% from 2025 to 2030 owing to higher adoption of organic and natural foods among consumers across the globe
• Asia Pacific is anticipated to foresee the fastest growth with a CAGR of 8.6% from 2025 to 2030. The consumption of various types of chocolates is continuously increasing in countries, such as China and India, owing to shifting consumers’ food preferences, improving lifestyles, and increasing disposable income at the domestic level.

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Cocoa Nibs Market Segmentation

Grand View Research has segmented the global cocoa nibs market based on product, application, and region:

Cocoa Nibs Product Outlook (Revenue, USD Million, 2018 - 2030)

• Conventional
• Organic

Cocoa Nibs Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial
• Household

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

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

List of Key Players in Cocoa Nibs Market

• Barry Callebaut
• Cocoa Family
• United Cocoa Processor, Inc.
• NAVITAS ORGANICS
• CocoaSupply (Fine Cocoa Products Corp)
• Sunfood
• Viva Naturals
• NOW Foods
• urbanplatter
• BMV Cocoa

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.

Optical Coherence Tomography Market Valuation to Reach $5.3 Billion by the end of 2030: Grand View Research Inc.

 Optical Coherence Tomography Market Growth & Trends

The global optical coherence tomography market size is anticipated to reach USD 5.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 15.9% from 2025 to 2030. Rising demand for early diagnosis of the disease, constant innovation and development of newer technologies, higher demand from the new biomedical applications, such as drug delivery, and rising prevalence of eye disorders are expected to drive the Optical Coherence Tomography (OCT) industry growth. However, the lack of favorable reimbursement policies and clinical information can hamper the growth in the coming years.The technique has numerous uses in fields like dermatology, cancer, and ophthalmology.

It is largely used to diagnose and treat disorders affecting the eyes, including glaucoma, conditions affecting the retina, such as central serous retinopathy, Age-related Macular Degeneration (AMD), and vitreous traction. An additional definition of the market includes new technology for high-resolution cross-sectional imaging. It takes a picture with micrometer-resolution using coherent light. Other illnesses like non-melanoma prostate cancer, skin cancer, esophageal issues, cardiovascular disruptions, and diabetes have been added to the market’s reach. A significant increase in demand for the product is anticipated due to the rising incidence of these diseases.

The COVID-19 pandemic has led to a huge surge in demand for medical supplies and respiratory support devices, such as life-support machines, atomizers, oxygen generators, and monitors. OCT angiography is used for the imaging of retinal vascular changes in fully-recovered COVID-19 patients. The key manufacturers of OCT systems are struggling to maintain their production capacity, along with finding newer methods to strengthen their presence, such as mergers & acquisitions and collaborations with suitable market players. These initiatives by key players can be positive for the industry's growth in the coming years.

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Optical Coherence Tomography Market Report Highlights

• The Frequency Domain OCT (FD-OCT) segment accounted for the largest revenue share in 2024 followed by Time Domain OCT (TD-OCT) 
• The handheld OCT devices segment held the largest share in 2024 and will expand further at a steady CAGR from 2023 to 2030 
• The growth can be attributed to a wide application scope in the detection of diabetic retinopathy, macular degeneration, and glaucoma 
• Ophthalmology is the dominant application segment owing to increasing incidences of choroidal & retinal disorders and the high adoption of OCT devices by ophthalmologists for imaging & diagnosing purposes 
• North America dominated the global industry in 2024 and held the largest share of the overall revenue

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Optical Coherence Tomography Market Segmentation

Grand View Research has segmented the global optical coherence tomography market report based on technology, type, application and region:

Optical Coherence Tomography Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Time Domain OCT (TDOCT)
• Frequency Domain OCT (FD-OCT)
• Spatial Encoded Frequency Domain OCT
  • Fourier Domain OCT (FDOCT)
  • Others

Optical Coherence Tomography Type Outlook (Revenue, USD Million, 2018 - 2030)

• Catheter based OCT Devices
• Doppler OCT Devices
• Handheld OCT Devices
• Tabletop OCT Devices

Optical Coherence Tomography Application Outlook (Revenue, USD Million, 2018 - 2030)

• Ophthalmology
• Cardiovascular
• Oncology
• Dermatology
• Others

Optical Coherence Tomography 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
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List Of Key Players in the Optical Coherence Tomography Market

• Agfa - Gevaert Group
• Carl Zeiss Meditec AG
• Heidelberg Engineering GmbH
• Imalux Corp.
• Michelson Diagnostics
• Novacam Technologies, Inc.
• OPTOPOL Technology S.A.
• Metall Zug AG
• Topcon Corporation
• Thorlabs, Inc
• Abbott

About Grand View Research

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

U.S. Automotive Wrap Films Market Growth in the Coming Years

 U.S. Automotive Wrap Films Market Growth & Trends

The U.S. automotive wrap films market size is anticipated to reach USD 4,110.0 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 18.8% from 2025 to 2030. The growing trend of company spending on automobile advertising and offering sponsorships to the automotive race teams to increase the visibility of the company is expected to drive the demand for automotive wrap films in the U.S.

Companies operating in consumer goods, food and beverages, tourism, electrical and electronics, and various other industries are using vehicles with automotive wraps for showcasing and advertising their product offerings. Companies operating in these industries hire vehicles from fleet owners and use customized wraps with company names and logos imprinted on them. Additionally, an automotive wrap film is a cost-effective solution, which maintains the original paint job and provides a high resale value for the vehicles. The minimum service life for good quality automotive wrap ranges from 5 to 6 years. The rising trend of hydro dipping poses a challenge in the growth of the U.S. market for automotive wrap films.

Automotive wrap films offer the flexibility to get the vehicle fully wrapped or semi-wrapped depending upon the requirement. These wraps can be a bit expensive than paint in the case of complex designs, however, with high quality, the overall return on investment in the case of automotive wrap films is high as compared to vehicle paint. Automotive wraps are a cost-effective option when the paint cost is expected to be very high, for example, in the case of racing cars, as these cars often require quick color and design changes depending upon their sponsors, company, and branding. The low cost of wraps as compared to vehicle paints makes it suitable for these applications, which, in turn, is anticipated to increase the demand over the forecast period.

Prominent players involved in the production of wrap films are focusing on product development and strategic initiatives with regional players to minimize the risk of expanding into a new marketplace. For instance, in October 2020, Arlon Graphics, LLC introduced cast wrap portfolio with FLITE technology. This product innovation enabled the company to cater to vehicle wrap installers with quick and easy installations with fewer rolls for wrapping.

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U.S. Automotive Wrap Films Market Report Highlights

• The light-duty vehicles application segment was accounted for over 58.0% of the overall revenue in 2024. This high share is attributed to the rising trend of consumer spending on personalized customization in their vehicles which majorly constitutes lightweight vehicles
• The growing demand for hydro dipping poses a challenge in the growth of automotive wrap films as hydro dipping is a relatively easy and cost-effective solution for customization
• Key players involved in the market are focusing on investment in research and development activities to increase market offerings that give them a competitive edge over the other players
• Exterior location is anticipated to remain the dominant segment in the market for automotive wrap films in the U.S. throughout the forecast period

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U.S. Automotive Wrap Films Market Segmentation

Grand View Research has segmented the U.S. automotive wrap films market report based on location and application:

U.S. Automotive Wrap Films Location Outlook (Revenue, USD Million, 2018 - 2030)

• Exterior
• Interior

U.S. Automotive Wrap Films Application Outlook (Revenue, USD Million, 2018 - 2030)

• Heavy-Duty Vehicles
• Medium-Duty Vehicles
• Light-Duty Vehicles

List Of Key Players in the U.S. Automotive Wrap Films Market

• Avery Dennison Corporation
• Arlon Graphics, LLC
• 3M
• KPMF
• Fedrigoni S.P.A.
• Vvivid Vinyl
• ORAFOL Europe GmbH
• Hexis S.A.S.
• JMR Graphics

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.

China Companion Animal Health Market To Benefit from Increased Global Uptake of 2025 To 2030

 China Companion Animal Health Market Growth & Trends

The China companion animal health market size is anticipated to reach USD 2.36 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 11.22% from 2025 to 2030. The key factors driving the market growth include rising initiatives by key market players, a growing pet population, and high usage of e-commerce channels.

The COVID-19 pandemic had a significant impact on the market in 2020. The adverse effects of the pandemic include supply chain bottlenecks, decreased sales & marketing initiatives, and dampened demand. However, pet ownership and expenditure continued to rise in the country during 2020. Even during the pandemic, online sales of the pet industry showed accelerated growth after an initial slump, as reported by China Daily. Key factors identified for this growth include increasing per capita GDP and pet humanization. For instance, according to the World Bank estimates, per capita GDP in China, in 2020, was USD 10,500, notably greater than the per capita GDP of USD 8,066 in 2015 and USD 4,550 in 2010.

The rising pet population in China is a key factor driving the market growth. The RADII Media reported that in 2020, the popularity of cats as pets was growing rapidly across China. The main reason identified for this trend was cats being relatively low-maintenance pets as compared to pet dogs. As per the Shanghai United Media Group, the preference for exotic and other companion animals is increasing among the young population in the country. Key factors fueling this growth include certain pets needing less upkeep as compared to dogs or horses. For example, geckos or small mammals require much less space, energy, and time from the pet owner as compared to mainstream pets.

Increasing usage of online channels for purchasing pet products is anticipated to propel the market in the coming years. China Daily reported that in 2019, online sales of the pet industry crossed 30 billion Yuan, or about USD 4.3 billion. 70% of the total sales were accounted for by e-commerce giants, such as Tmall and Taobao, as reported at Pet Fair Asia 2020. Key market players leveraged this opportunity to strengthen their market presence. In February 2019, Boehringer Ingelheim, for instance, launched the first-of-its-kind flagship store by a multinational animal health company on Tmall for pet parasiticides. The store was launched to provide customers with a reliable and convenient online purchasing channel for the company’s full range of pet parasiticides.

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China Companion Animal Health Market Report Highlights

• The companion animal medicine segment accounted for the highest share of the market in 2024 owing to the increased awareness about pet health and the high prevalence of diseases in pets
• Dogs represented the largest segment by animal type for both companion animal medicine as well as diagnostics markets in 2020
• By indication, non-infectious diseases dominated the China pet medicine as well as diagnostics markets in 2024
• The growth can be credited to the high awareness about animal health & diseases and increased pet expenditure & pet humanization
• Global trends, such as the One Health initiative, are expected to further propel awareness about animal health and boost the demand for medicines and diagnostics products for pets
• In June 2020, the World Bank Group approved a loan of USD 300 million to help strengthen select national and provincial systems in China to lower the risk of zoonoses and other emerging health threats as part of the Emerging Infectious Diseases Prevention, Preparedness and Response Project

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China Companion Animal Health Market Segmentation

Grand View Research has segmented the China companion animal health market on the basis of type, animal type, product, indication, and diagnosis method:

China Companion Animal Health Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Dogs
• Cats
• Equine
• Others

China Companion Animal Health Product Outlook (Revenue, USD Million, 2018 - 2030)

• Biologics
  • Vaccines
    • Modified/ Attenuated Live
    • Inactivated (Killed)
    • Other Vaccines
  • Other Biologics
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Supplements
• Diagnostics
• Others

China Companion Animal Health Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail
• E-commerce
• Hospital/ Clinic Pharmacies

China Companion Animal Health End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospitals & Clinics
• Point-of-Care
• Others

List Of Key Players in the China Companion Animal Health Market

• Boehringer Ingelheim International GmbH
• Elanco
• Merck & Co., Inc.
• Zoetis
• Ceva
• Virbac
• Bimeda, Inc.
• IDEXX Laboratories
• Thermo Fisher Scientific
• Randox Laboratories

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.

Antiarrhythmic Drugs Market to Reflect Robust Expansion During 2025-2030: Grand View Research Inc.

 Antiarrhythmic Drugs Market Growth & Trends

The global antiarrhythmic drugs market size is expected to reach USD 1.6 billion in 2030 and is projected to grow at a CAGR of 6.35% from 2025 to 2030. This anticipated growth is driven by multiple interrelated factors, including the rising prevalence of cardiovascular diseases (CVDs), an aging global population, advancements in drug development, regulatory support, and government initiatives aimed at improving cardiovascular health.According to the World Health Organization (WHO), CVDs are the leading cause of death globally, responsible for approximately 17.9 million deaths annually.

Furthermore, the aging population is a significant factor contributing to market expansion. The U.S. Census Bureau reports that by 2030, approximately 20% of the U.S. population will be 65 years or older. This demographic shift is expected to lead to an increase in cardiovascular conditions, including arrhythmias, thereby heightening the demand for antiarrhythmic drugs. As people age, their risk of developing heart conditions increases, necessitating ongoing treatment and management strategies. This trend is not limited to the U.S.; many developed and developing nations are experiencing similar demographic changes, resulting in a global increase in demand for antiarrhythmic therapies.

Recent advancements in drug development are further propelling market growth. Research and innovation in the field of antiarrhythmic drugs have led to the introduction of novel compounds and therapeutic approaches. For instance, the development of new drug formulations that target specific ion channels has improved the efficacy and safety profiles of these medications. Moreover, advances in personalized medicine and pharmacogenomics are paving the way for tailored treatment strategies that optimize drug efficacy based on individual patient profiles. Such innovations not only enhance treatment outcomes but also encourage the adoption of antiarrhythmic therapies among healthcare providers.

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Antiarrhythmic Drugs Market Report Highlights

• By drug class, the beta blockers segment accounted for the largest revenue share of 34.80% in 2024. Their efficacy in reducing heart rate and controlling blood pressure has made them a cornerstone in the treatment of these disorders.
• Based on route of administration, the oral segment accounted for the largest revenue share of around 71.0% in 2024. Oral formulations allow patients to self-administer treatments at home, eliminating the need for invasive procedures or hospital visits, which can be particularly appealing in managing chronic conditions such as atrial fibrillation and ventricular tachycardia.
• Based on distribution channels, the hospital pharmacies segment accounted for the largest revenue share of around 60.53% in global market for antiarrhythmic drugs in 2024.

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Antiarrhythmic Drugs Market Segmentation

Grand View Research has segmented the global antiarrhythmic drugs market report based on drug class, route of administration, distribution channel, and region:

Antiarrhythmic Drugs Class Outlook (Revenue, USD Million, 2018 - 2030)

• Sodium Channel Blockers
• Beta Blockers
• Potassium Channel Blockers
• Calcium Channel Blockers
• Other

Antiarrhythmic Drugs Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Oral
• Parenteral
• Other

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

• Hospital Pharmacies
• Retail Pharmacies
• Other

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

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

List of Key Players in Antiarrhythmic Drugs Market

• Pfizer
• Novartis
• Mylan (now part of Viatris)
• Baxter International
• Sanofi
• GlaxoSmithKline
• Mayne Pharma
• Upsher-Smith Laboratories
• Amomed Pharma
• Merck

About Grand View Research

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

U.S. General Anesthesia Drugs Market to Exhibit Impressive Growth During 2025 – 2030: Grand View Research Inc.

 U.S. General Anesthesia Drugs Market Growth & Trends

The U.S. general anesthesia drugs market size is projected to reach USD 2.03 billion by 2030, and is anticipated to grow at a CAGR of 2.82% from 2025 to 2030, according to Grand View Research, Inc. The rising number of surgical procedures primarily drives this growth. The American Society of Anesthesiologists (ASA) highlights a consistent increase in surgeries, attributed to an aging population, the growing prevalence of chronic diseases, and advancements in surgical techniques. The CDC reported in February 2024 that approximately 129 million Americans have at least one major chronic disease, such as cancer, heart disease, diabetes, and hypertension. This high prevalence of chronic conditions necessitates numerous cardiovascular and other surgeries, which in turn drives the demand for effective general anesthesia drugs.

Advancements in anesthesia technology are another critical driver. Innovations such as ultra-short-acting anesthetics, like remifentanil, offer improved control over anesthesia depth and faster recovery times, enhancing patient outcomes and driving market growth. Additionally, the development of advanced delivery systems and monitoring technologies, including automated anesthesia delivery systems, has revolutionized anesthesia practices by improving precision and safety.

Regulatory developments also play a significant role. The FDA's expedited approval pathways for breakthrough therapies facilitate quicker access to new and effective anesthetics. For instance, the recent approval of ZYNRELEFTM, a novel extended-release anesthetic, illustrates how regulatory advancements support the introduction of innovative products.

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U.S. General Anesthesia Drugs Market Report Highlights

• Based on drug, the propofol segment dominated the market with a substantial revenue share of 25.52% in 2024 and is also expected to grow at the fastest CAGR during the forecast period, driven by its widespread use as a preferred agent for induction and maintenance of general anesthesia.
• Based on route of administration, the intravenous segment held the largest revenue share in 2024 and is also expected to grow at the fastest CAGR of 3.03% during the forecast period
• Based on application, the knee and hip replacements segment dominated the market, capturing a substantial revenue share.
• Based on end-use, the hospitals segment dominated the market, capturing a substantial revenue share of 67.05% in 2024. Hospitals are the primary settings for major surgeries and complex medical procedures that require general anesthesia.

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U.S. General Anesthesia Drugs Market Segmentation

Grand View Research has segmented the U.S. general anesthesia drugs market report based on drug, route of administration, application, end-use and region:

U.S. General Anesthesia Drug Outlook (Revenue, USD Million, 2018 - 2030)

• Sevoflurane
• Propofol
• Dexmedetomidine
• Remifentanil
• Desflurane
• Midazolam
• Others - (Sufentanil, Fentanyl, Ketamine, Isoflurane, Thiopental, etc.)

U.S. General Anesthesia Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Intravenous
• Inhaled

U.S. General Anesthesia End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Ambulatory Surgical Centers
• Others 

U.S. General Anesthesia Application Outlook (Revenue, USD Million, 2018 - 2030)

• Heart Surgeries
• Cancer
• General Surgery
• Knee and hip replacements
• Others

List of Key Players in the U.S. General Anesthesia Drugs Market

• Baxter International Inc.
• AstraZeneca
• AbbVie Inc.
• Braun Melsungen AG
• Fresenius SE & Co. KgaA
• Pfizer
• Hospira Inc.
• Aspen Pharmacare Holdings Limited
• Hikama Pharmaceuticals plc
• Abbott Laboratories

About Grand View Research

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

U.S. Air Purifier Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 U.S. Air Purifier Market Growth & Trends

The U.S. air purifier market size is expected to reach USD 6,823.4 million by 2030, registering a CAGR of 7.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The harmful effects of air pollution on human health have led to an increase in demand for air purifiers in the U.S. As people become more aware of the impact of air pollution on their health, they are taking steps to mitigate its effects by investing in air purifiers for their homes and offices. With the rise in air pollution levels in many parts of the U.S., the demand for air purifiers is expected to continue to increase in the coming years.

With the regulations and standards set by the federal government about air quality maintenance, there has been a growing demand for air purifiers in the U.S. The Environmental Protection Agency (EPA) has set strict standards for air quality, and many states have their regulations as well. For instance, the U.S. Occupational Safety and Health Administration has set some standards related to ventilation and air contaminants. Such standards are likely to drive the demand for air purifiers in the U.S.

Furthermore, as individuals and families allocate increased resources toward improving their quality of life and ensuring a healthy living environment, the demand for air purifiers is expected to surge in the coming years. According to data published by the Organization for Economic Cooperation and Development (OECD), total household spending has been rising in the U.S. and will reach 15,902.6 billion in 2021. Thus, an increase in household spending is anticipated to contribute to the adoption of air purifiers in the coming years.

The ongoing urbanization and changing housing trends have led to the rising demand for air purifiers. As a large number of people reside in densely populated areas with high levels of air pollution, the requirement for effective air purification becomes paramount. Moreover, the shift toward small living spaces, such as apartments and condominiums, increases the importance of compact and efficient air purifiers.

Technological advancements have further played a significant role in driving the demand for air purifiers. The modern air purifiers available in the market come equipped with advanced features such as HEPA filters, activated carbon filters, and UV-C light technology. Moreover, the key market players are integrating IoT-based technologies with air purifiers, which allow users to control the device remotely through their smartphones or voice assistants. With such advanced features, air purifiers have become more efficient, user-friendly, and convenient to use, thereby driving their demand in the market.

Daikin Industries, Ltd., Honeywell International, Inc., LG Electronics, Panasonic Corporation, and IQAir Group are major players in the U.S. market. Strategies adopted by these companies usually include expansion of their market reach by undertaking partnerships and collaborations, mergers & acquisitions, and new product launches. For instance, in January 2023, Panasonic Corporation introduced the nanoe X portable in-vehicle air cleaner, catering to the North American markets, aimed at enhancing and safeguarding cabin air purity. This innovative air purifier not only effectively diminishes odors but also works to inhibit viruses, bacteria, mold, and allergens, both in the air and on surfaces within the vehicle cabin.

In January 2024, COWAY CO., LTD. introduced the Airmega 100 air purifier, expanding its range of best-in-class products for cleaner air in the U.S. market. This latest addition marks Airmega's debut cylindrical model and is offered at Coway's most affordable price point ever, making it an accessible option for smaller spaces.

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U.S. Air Purifier Market Report Highlights

• The activated carbon segment is anticipated to witness the highest growth over the forecast period, owing to its ability to absorb gases and odors emanating from cooking, mold, chemicals, pets, and smoke.
• The online segment is anticipated to witness the highest CAGR over the forecast period, as more and more consumers choose to purchase air purifiers through e-commerce platforms.
• Standalone or portable air purifiers are designed to filter air and remove airborne particles, such as bacteria, viruses, and dust particles.
• The below 250 Sq. Ft. segment is anticipated to witness the highest growth over the forecast period. These air purifiers are portable, compact, and lightweight, making them easy to move from room to room as needed.
• The commercial segment is anticipated to witness the highest growth over the forecast period. Air purifiers have witnessed a significant surge in adoption within commercial applications, driven by a growing awareness of indoor air quality and its impact on the health and well-being of occupants.

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U.S. Air Purifier Market Segmentation

Grand View Research has segmented U.S. air purifier market report based on technology, sales channel, type, coverage range, application, and region.:

U.S. Air Purifier Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• High Efficiency Particulate Air (HEPA)Activated Carbon
• Ionic Filters
• Electrostatic Precipitator
• Others

U.S. Air Purifier Sales Channel Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Online
• Offline
  • Hypermarkets/Supermarkets
  • Retail Stores
  • Specialty Stores
  • Others

U.S. Air Purifier Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030

• Standalone/Portable
• In-duct/Fixed

U.S. Air Purifier Coverage Range Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Below 250 Sq. Ft.
• 250-400 Sq. Ft.
• 401-700 Sq. Ft.
• Above 700 Sq. Ft.

U.S. Air Purifier Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Commercial
  • Retail Shops (Mercantile)
  • Offices
  • Healthcare Facilities
  • Hospitality
  • Schools & Educational Institutions
  • Laboratories
  • Transport
  • Others
• Residential
• Industrial

U.S. Air Purifier Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• Connecticut
• Delaware
• Florida
• Georgia
• Hawaii
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Mississippi
• Missouri
• Montana
• Nebraska
• Nevada
• New Hampshire
• New Jersey
• New Mexico
• New York
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Vermont
• Virginia
• Washington
• West Virginia
• Wisconsin
• Wyoming

List of Key Players of U.S. Air Purifier Market

• Daikin Industries, Ltd.
• Sharp Electronics Corporation
• Honeywell International, Inc.
• Panasonic Corporation
• AprilAire
• LG Electronics
• Koninklijke Philips N.V.
• Samsung Electronics Co., Ltd.
• Unilever (Blueair)
• Dyson
• Hamilton Beach Brands, Inc.
• SharkNinja
• Lasko Products, LLC (Germ Guardian)
• Vesync Co., Ltd (Arovast Corporation)
• COWAY CO., LTD.
• PuroAir
• IQAir 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.

Digital Diabetes Management Market Factors, Rising Demand, Driving Growth by 2030

 Digital Diabetes Management Market Growth & Trends

The global digital diabetes management market size is expected to reach USD 21.9 billion by 2030, registering a CAGR of 8.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. Major factors contributing to the market growth are the growing incidences of diabetes globally, the increasing number of product launches, and innovation in technologies such as predictive analytics and artificial intelligence (AI). 

Data analytics and artificial intelligence are now an integral part of digital solutions for diabetics. AI is gaining rapid attention due to its ability to harness massive volumes of patient information. Digital diabetes management tools help patients analyze their glucose levels and pattern. They also help patients decide on food intake and dosage of insulin. The number of smartphone apps for disease management has seen a monumental rise over the past few years, giving the market a major boost. For instance, in September 2019, Abbott entered into a non-exclusive partnership with Sanofi to integrate cloud-connected insulin pens (Sanofi) with FreeStyle Libre mobile application (Abbott) to ease the management process of diabetes. 

The market growth is further augmented by the increasing prevalence of obesity, the growing aging population, and increasing awareness regarding diabetes preventive care. Moreover, the market is driven by the increasing number of active users of smart devices and the launch of new apps that allow patients to monitor their blood glucose. These apps use advanced technology for health care professionals and provide patients with better health outcomes. In May 2019, Roche Diabetes Care India introduced its Integrated Diabetes Management Solution (IDMS) program in India with the launch of the Accu-Chek Instant blood glucose monitoring (BGM) system and the My Sugar app. The combination marks the entry of the next-generation BGM system. This is expected to propel the demand for the product, thereby driving the overall market in the country. 

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Digital Diabetes Management Market Report Highlights

• The continuous glucose monitoring systems segment dominated the market by capturing a share of 40.4% in 2024. CGM systems offer real-time glucose tracking, providing critical insights for both Type 1 and Type 2 diabetes management.
• The wearable devices segment held the largest market share in 2024 and is also expected to grow at the fastest CAGR of 8.9% over the forecast period, driven by the increasing demand for convenience, continuous monitoring, and real-time data tracking.
• The hospital segment dominated the market by capturing a share of 41.5% in 2024. Hospitals remain the primary setting for diagnostic testing, advanced treatments, and monitoring for patients with severe or complex diabetes.
• North America digital diabetes management market held the largest share of 38.2% in 2024. This dominance is driven by the presence of leading market players in the region and the increasing prevalence of diabetes.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-digital-diabetes-management-market

Digital Diabetes Management Market Segmentation 

Grand View Research has segmented the global digital diabetes management market on the basis of on product, type, end-use and region:

Digital Diabetes Management Product Outlook (Revenue, USD Million, 2018 - 2030)

• Smart Glucose Meter
• Continuous Blood Glucose Monitoring System
• Smart Insulin Pens
• Smart Insulin Pumps/Closed Loop Systems
• Apps
  • Digital Diabetes Management Apps
  • Weight & Diet Management Apps

Digital Diabetes Management Type Outlook (Revenue, USD Million, 2018 - 2030)

• Wearable Devices
• Handheld Devices

Digital Diabetes Management End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Home settings
• Diagnostic centers

Digital Diabetes Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Digital Diabetes Management Market

• Abbott
• Medtronic
• Hoffmann-La Roche Ltd.
• Bayer AG
• Sanofi
• Dexcom, Inc.
• LifeScan, Inc.
• Insulet Corporation
• Ascensia Diabetes Care Holdings AG
• Braun Melsungen AG

About Grand View Research

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