Pharmaceutical Packaging Equipment Market Witness Excellent Revenue Growth During 2024-2030: Grand View Research Inc

 Pharmaceutical Packaging Equipment Market Growth & Trends

The global pharmaceutical packaging equipment market size is anticipated to reach USD 8.69 billion by 2030 and expand at a CAGR of 5.8% during the forecast period, according to a new report by Grand View Research, Inc. The rapid growth in the pharmaceutical industry and the growing demand for drug delivery devices are expected to propel the demand for market in the coming years.

According to the European Federation of Pharmaceutical Industries & Associations, the global pharmaceutical market was valued at USD 1.47 trillion in 2020 and is expected to reach USD 2.23 trillion by 2028, propelling at a significant growth rate. The burgeoning growth of the pharmaceutical industry has become a pivotal driver for the escalating demand in the market. As the pharmaceutical sector expands globally, propelled by increasing healthcare needs, rising chronic diseases, and advancements in medical research, there is a parallel surge in the demand for efficient and sophisticated packaging solutions.

Furthermore, pharmaceutical packaging equipment plays a crucial role in ensuring the safety, integrity, and compliance of pharmaceutical products, meeting the stringent regulations imposed by health authorities. The need for innovative packaging solutions, including blister packaging, bottle filling, and labeling machinery, is intensifying to cater to diverse pharmaceutical formulations. This symbiotic relationship between the pharmaceutical and packaging industries underscores the significance of packaging equipment in safeguarding the efficacy of medicines while facilitating the seamless distribution and delivery of healthcare products worldwide.

The increasing demand for drug delivery devices and blister packaging in developing nations is poised to emerge as a significant driver for the pharmaceutical industry. Advanced drug delivery systems offer notable advantages over traditional methods, including enhanced efficiency, convenient administration routes, improved targeting, reduced toxic metabolites, prolonged drug activity, and reduced margin for error. These advantages and continuous advancements in targeted drug delivery facilitate localized disease treatment with minimal impact on surrounding healthy cells. As a result, these factors are anticipated to contribute significantly to the growth of the global drug delivery devices market, consequently boosting the pharmaceutical packaging market in the foreseeable future.

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Pharmaceutical Packaging Equipment Market Report Highlights

• The filling segment dominated the machine type segment with a 35.6% share in 2023 due to streamlining the production process by precisely and efficiently dispensing pharmaceutical formulations into various containers such as vials, bottles, and syringes
• Filling machines ensure accuracy in dosage, maintain sterility, and comply with stringent regulatory standards, guaranteeing the integrity and safety of pharmaceutical products
• The wrapping machine segment is expected to grow at the fastest CAGR over the forecast period
• Research-based pharmaceutical companies, especially in Europe and North America, continually invest in development and introduction of new drug delivery systems. It has led to continuous mergers and profitable partnerships between major pharmaceutical companies
• Transdermal technologies such as needle-free devices alone have opened new avenues for pharmaceutical partners seeking to create delivery mechanisms for existing molecules with no viable delivery systems. It may boost the drug delivery devices market over the forecast period, fueling the pharmaceutical packaging market in the coming years
• Asia Pacific dominated the market owing to the expansion of the pharmaceutical sector in the region, especially in the developing economies of Asia Pacific
• In August 2023, MULTIVAC Group inaugurated a new production facility in India, representing a substantial investment of approximately USD 9.8 million. The state-of-the-art building complex, encompassing 10,000 square meters for sales and production, is slated to commence operations in early 2024. Initially, the site will employ around 60 individuals. The primary objective is to enhance customer service in India, Sri Lanka, and Bangladesh by leveraging regional proximity and reducing delivery times

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Pharmaceutical Packaging Equipment Market Segmentation

Grand View Research has segmented the global pharmaceutical packaging equipment market based on machine type and region:

Pharmaceutical Packaging Equipment Machine Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Filling
• Labelling
• Form Fill & Seal
• Cartoning
• Wrapping
• Palletizing
• Cleaning
• Others

Pharmaceutical Packaging Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Pharmaceutical Packaging Equipment Market

• Robert Bosch
• Romaco Holding
• Marchesini Group
• Korber AG
• M.A. Industria Macchine Automatiche S.p.A.
• Uhlmann Group
• Accutek Packaging Equipment Companies
• Bausch + Ströbel
• Coesia
• Vanguard Pharmaceuticals Equipment
• MULTIVAC Group
• OPTIMA Packaging Group
• ACG Worldwide
• BREVETTI CEA S.P.A

About Grand View Research

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

Organic Personal Care Ingredients Market: Precise Analysis on Business Overview, Product Scope And Ongoing Market Development 2030

 Organic Personal Care Ingredients Market Growth & Trends

The global organic personal care ingredients market is estimated to reach USD 15.18 billion by 2030 and is anticipated to expand at a CAGR of 5.4% during the forecast period, according to a new report by Grand View Research, Inc. This growth is attributed to the increasing demand for personal and skin care products.

The market is likely to witness tremendous growth over the forecast period on account of the rising awareness about the various health benefits of these products as compared to their synthetic counterparts. Ascending demand for chemical-free products has contributed to the growth of organic and skin care products. The rise in consumer disposable income coupled with changing lifestyles has also contributed to the growth over the past few years.

Furthermore, the rise of social media and the widespread availability of information have empowered consumers to become more discerning about the products they use, leading to a heightened interest in understanding the composition and sourcing of products. This has prompted a notable shift in purchasing behavior, with consumers actively seeking out products that prioritize organic and natural products.

Manufacturers such as L’Oréal; Oriflame; and L’Occitane have been investing heavily in the research and development of more products containing substances that are used in aromatherapy products. This has resulted in a rise in the demand for products over the past few years, which is expected to continue over the forecast period. Emerging economies such as India and China have registered tremendous growth in the demand for such products over the past few years owing to the growing awareness about the ill effects of synthetic products and rising standards of living.

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Organic Personal Care Ingredients Market Report Highlights

• Organic products dominated the product segment with more than 61.8% share in 2023. Growing consumer awareness about synthetic chemicals used in personal care products and toiletries is expected to propel the organic ingredients over the forecast years
• The hair care application segment is expected to grow at the fastest CAGR over the forecast period
• North America dominated the market. This is expected to promote the incorporation of natural components in products, favoring market growth over the forecast period in the region
• In January 2023, Ashland announced its natural line for personal care, featuring hyalurotech, a sodium hyaluronate bioengineered using biotechnology

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Organic Personal Care Ingredients Market Segmentation

Grand View Research has segmented the global organic personal care ingredients market based on type, product, application, and region:

Organic Personal Care Ingredients Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Organic
• Natural

Organic Personal Care Ingredients Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Natural Surfactants
• Emollients
• Active Ingredients
• Sugar Polymers
• Natural Preservatives
• Others

Organic Personal Care Ingredients Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Skin Care
• Oral Care
• Hair Care
• Cosmetics
• Others

Organic Personal Care Ingredients Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Organic Personal Care Ingredients Market

• BASF SE
• AkzoNobel
• CLARIANT
• Evonik Industries
• Agrana Beteiligungs-AG
• Cargill, Inc.
• Croda International plc
• Galaxy Surfactants Ltd.
• GatteFosse SAS
• The Lubrizol Corporation
• Ashland, Inc.
• Silab
• Solvay
• Symrise AG
• Vivimed Labs Ltd
• Rita McQueen Products
• Alban Muller International SAS
• Lucas Meyer Cosmetics

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.

Plastic Resins Market to Expand at a CAGR of 4.5% Through 2030: Grand View Research Inc.

 Plastic Resins Market Growth & Trends

The global plastic resins market size is expected to reach USD 975.4 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.2% over the forecast period. Increasing product consumption in construction, automotive, and electrical & electronics applications is expected to propel the market growth. Regulatory intervention to reduce gross vehicle weight to improve fuel efficiency, as well as to reduce carbon emissions, has driven automotive OEMs to adopt resins as a substitute to steel and aluminum for fabricating automotive components. This, in turn, will boost the market growth.

Favorable federal regulations laid down by agencies, such as the National Highway Traffic Safety Administration and Environmental Protection Agency (EPA), regarding carbon emissions, along with the EU initiatives to develop plastics application for creating lightweight and fuel-efficient cars, are likely to augment the growth of the global market. However, the ongoing health crisis and lockdown imposed by various governments to contain the spread of the coronavirus have led to a decline in product consumption, adversely affecting the overall market growth.

Stringent regulations pertaining to recyclability and depletion of conventional materials, such as metal and wood, are expected to push the product demand in pipes, windows, cables, storage tanks, and other applications in the construction industry. Plastics are durable and cost- & energy-efficient material, which promotes their application in construction applications. The crystalline resin segment accounted for the highest revenue share of over 61% in 2020 and is projected to retain the leading position throughout the forecast period. The segment mainly includes epoxy, Polyethylene (PE), and Polypropylene (PP) resins.

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Plastic Resins Market Report Highlights

• The global market was valued at USD 711.0 billion in 2020 and is estimated to grow at a CAGR of 4.2% from 2021 to 2028
• China accounted for the maximum revenue share of 33.0% in 2020 due to increased consumer disposable income and demand for luxury cars
• The advent of bio-based plastic resins has played a prominent role in boosting product usage in food & beverage and pharmaceutical applications
• Polymers, such as PET and PC, are widely utilized in beverage packaging and the consumer goods sector
• The global market is highly competitive and fragmented with the presence of various regional and global players

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Plastic Resins Market Segmentation

Grand View Research has segmented the global plastic resins market on the basis of product, application, and region:

Plastic Resin Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Crystalline Resin
  • Epoxy
  • Polyethylene
  • Polypropylene
• Non-crystalline Resin
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polymethyl Methacrylate (PMMA)
• Engineering Plastic
  • Nylon
  • Polybutylene Terephthalate (PBT)
  • Polycarbonate (PC)
  • Polyamide
• Super Engineering Plastic
  • Polyphenylene Sulfide (PPS)
  • Polyether Ether Ketone (PEEK)
  • Liquid Crystal Polymer (LCP)

Plastic Resin Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Packaging
  • Food
  • Beverage
  • Medical
  • Retail
  • Others
• Automotive
• Construction
• Electrical & Electronics
  • OA Equipment and Home Appliances
  • Electronic Materials
  • Others
• Logistics
• Consumer Goods
• Textiles & Clothing
  • Clothing
  • Industrial use
  • Others
• Furniture & Bedding
• Agriculture
• Medical Devices
• Others

Plastic Resin Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Poland
  • Spain
• China
• Asia
  • India
  • Japan
  • Thailand
  • Malaysia
  • Indonesia
  • Vietnam
  • Singapore
  • Philippines
• Pacific
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • Oman

List of Key Players of Plastic Resins Market

• BASF SE
• SABIC
• Dow, Inc.
• Evonik Industries AG
• Sumitomo Chemical
• Arkema
• Celanese Corp.
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corp.
• Covestro AG
• Toray Industries, Inc.
• Teijin 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.

Biological Safety Testing Products And Services Market Growth in the Coming Years

 Biological Safety Testing Products And Services Market Growth & Trends

The global biological safety testing products and services market size is expected to reach USD 9.30 billion by 2030, registering a CAGR of 10.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is predominantly driven by the increasing production of biologics, boosting the demand for highly effective biological safety testing tools. The increasing disease burden is expected to be a major factor responsible for the rising production of biologics, thereby propelling the market growth.

The increasing prevalence of chronic diseases associated with lifestyle, including diabetes and cancer, is a key factor contributing to the rise in drug development and subsequent commercialization. This is expected to increase the need for ensuring & scrutinizing the safety of specialized and targeted therapies, evaluating outcomes, and circumventing probable shortcomings. In addition, biotechnology and pharmaceutical companies are increasingly integrating biological safety testing products and services to produce contamination-free and highly potent biologics to cater to the large number of people suffering from target diseases. Safety testing for viral conditions is proving to be one of the primary concerns of most companies as it is a critical component of manufacturing, chemistry, and control of biologics. This is fueling growth opportunities in the market.

Laboratory-based contamination is leading to the development and refinement of workstations by incorporating biological safety products and services. The increasing need to work with tissue cultures, maintain the sterility of cell lines, and minimize cross-contamination has increased concerns regarding product integrity. Rising involvement by government healthcare organizations for implementing good manufacturing practices and subsequent testing & control at every production stage is expected to widen the scope for growth.

Furthermore, key players operating in the biological safety testing product & services market are constantly focusing on developing novel products and technologies, further expanding their product portfolio, and to meet the rising demand for biological safety testing globally. For instance, in December 2022, -Charles River Laboratories International, Inc. announced the launch of Endosafe Nexus 200, a fully robotic instrument capable of processing both complex or undiluted, serial dilutions for water, in-process, and final product testing, further expanding its endotoxin testing portfolio. The incorporation of automation through robotics has enabled streamlining the quality control process and subsequently improving overall process efficiency.

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Biological Safety Testing Products And Services Market Report Highlights

• Based on product, the reagents and kits segment held a leading revenue share of over 39.9% in 2023, due to their extensive use in research and clinical laboratories
• Based on application, the vaccines & therapeutics segment dominated in terms of market share in 2023 and is anticipated to grow at fastest growth rate owing to the increase in disease outbreaks over the years
• Based on test type, the endotoxin tests segment dominated in terms of the market share of in 2023, owing to the rising prevalence of bacterial infections
• North America dominated the overall market with a revenue share of 35.13% in 2023, owing to rising research investments in biotechnology and the growing burden of chronic diseases. This anticipates increasing the demand for molecular cytogenetics in the region over the forecast period
• Asia Pacific is anticipated to grow at the fastest growth rate over the forecast period due to growing healthcare spending and the development of healthcare infrastructure in developing countries like India and China

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Biological Safety Testing Products And Services Market Segmentation

Grand View Research has segmented the global biological safety testing products and services market on the basis of product, application, test type, and region:

Biological Safety Testing Products And Services Product Outlook (Revenue, USD Million, 2018 - 2030)

• Reagents & Kits
• Instruments
• Services

Biological Safety Testing Products And Services Application Outlook (Revenue, USD Million, 2018 - 2030)

• Vaccines & Therapeutics
  • Vaccines
  • Monoclonal Antibodies
  • Recombinant Protein
• Blood & Blood-based Products
• Gene Therapy
• Tissue & Tissue-based Products
• Stem Cell

Biological Safety Testing Products And Services Test Type Outlook (Revenue, USD Million, 2018 - 2030)

• Endotoxin Tests
• Sterility Tests
• Cell Line Authentication & Characterization Tests
• Bioburden Tests
• Adventitious Agent Detection Tests
• Residual Host Contamination Detection Tests
• Others

Biological Safety Testing Products And Services Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Biological Safety Testing Products And Services Market

• Charles River Laboratories
• BSL Bioservice
• Merck KGaA
• Samsung Biologics
• Sartorius AG
• Eurofins Scientific
• SGS Société Générale de Surveillance SA
• Thermo Fisher Scientific Inc.
• BIOMÉRIEUX
• Lonza

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.

GRNA Market to Expand with Significant CAGR During 2024– 2030: Grand View Research Inc.

 gRNA Market Growth & Trends

The global gRNA market size is anticipated to reach USD 1.62 billion by 2030 and it is projected to grow at a CAGR of 18.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising adoption of Next-Generation Sequencing (NGS) is significantly boosting the market. As NGS technologies become more prevalent, they empower researchers and scientists with advanced capabilities for genomic analysis and manipulation. NGS enables high-throughput sequencing of genetic material, allowing for the rapid and cost-effective examination of entire genomes. This efficiency is crucial for gRNA applications, as it facilitates the identification and validation of target genes for genetic manipulation. NGS technologies provide a precise and comprehensive understanding of genomic sequences. This precision is vital for designing gRNAs with high specificity, ensuring accurate targeting of genes during the gene editing process using CRISPR/Cas systems.

Furthermore, the increasing investments by biotechnology and pharmaceutical companies for R&D activities are expected to fuel the market in the coming years. The development of user-friendly and affordable gRNA synthesis kits and services has made CRISPR-Cas9 technology more accessible to researchers of all levels. The continuous discovery of novel applications for CRISPR-Cas9 fuels the demand for gRNA.

Additionally, the launch of new gRNA final products can drive innovation, expand the market reach of players, and accelerate the adoption of gene editing technologies, contributing to the overall growth & advancement of the market. For instance, in October 2023, Synthego, a prominent provider of genome engineering solutions, launched IND-enabling (INDe) gRNAs. This transformative offering marks a significant advancement in the CRISPR-based cell and gene therapy preclinical pipeline. By providing researchers with high-quality gRNAs meticulously designed for GLP-regulated preclinical and IND-enabling studies, this product incorporates comprehensive IND-compliant materials and documentation throughout its design and production. Thus, it will drive the market growth.

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gRNA Market Report Highlights

• On the basis of product & services, the product segment accounted for the largest revenue share of 73.4% in 2023. These products offer high accuracy, efficiency, and specificity in gene editing, making them popular among researchers is one of the primary drivers driving market expansion
• On the basis of gRNA type, the research-use segment dominated the market share in 2023. A large number of research programs conducted across various research institutes demand research-grade gRNA is driving up demand for this segment
• On the basis of application, the genome engineering segment dominated the market share in 2023. This growth can be attributed to the increasing demand for advanced genetic tools for research and therapeutic purposes
• On the basis of end-use, the pharmaceutical & biotechnology companies segment dominated the market share in 2023. The adoption of gRNA in precision medicine by pharmaceutical and biotech companies fuels its market growth as it becomes integral to the development of personalized therapies
• North America dominated the global industry in 2023 with a revenue share of 52.6% owing to the presence of key market players in the region. The majority of the key companies in this region have been actively involved in R&D activities involving gRNA

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gRNA Market Segmentation

Grand View Research has segmented the global gRNA market based on product & services, gRNA type, application, end-use, and region.

gRNA Product & Services Outlook (Revenue, USD Million, 2018 - 2030)

• Products
  • gRNA Final Products
  • gRNA Synthesis Products
    • gRNA Synthesis Kits
    • Plasmids
    • Others
  • Custom gRNA Synthesis Services

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

• Research-Use
• GMP-grade

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

• Genome Engineering
• Disease Model Studies
• Functional Genomics
• Epigenetics
• Others

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

• Pharmaceutical & Biotechnology Companies
• Academic Research Institutes
• CMOs & CROs

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

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

List of Key Players in the gRNA Market

• Thermo Fisher Scientific Inc.
• Agilent Technologies Inc.
• System Biosciences, LLC.
• Jena Bioscience GmbH
• Merck KGaA
• GENEWIZ (Azenta Life Sciences)
• Takara Bio Inc.
• Synbio Technologies
• Horizon Discovery Ltd.
• Synthego

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.

Asia Pacific Immunohistochemistry Market is Likely To Touch $837.57 Million by 2030: Grand View Research Inc.

 Asia Pacific Immunohistochemistry Market Growth & Trends

The Asia Pacific immunohistochemistry market is anticipated to reach USD 837.57 million by 2030 and is projected to grow at a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the increasing prevalence of chronic diseases, growing geriatric population, and rising healthcare spending. Moreover, technological advancements in disease diagnosis procedures and techniques are further propelling the growth of the overall Asia Pacific market.

The government and key organizations constantly undertake activities intended to curb cancer-related healthcare expenditure by encouraging patients to undergo regular diagnostic examinations. For instance, in February 2023, Japan International Cooperation Agency (JICA) signed an agreement with the Indian government to extend an ODA loan of above USD 66 million for development of a super-specialty cancer and research center in Mizoram, India. Moreover, in May 2023, Fujitsu conducted a research project in association with Takeda Pharmaceutical Company Limited and the National Cancer Center Japan to analyze the process of recognition, diagnosis, and treatment of ovarian cancer patients. Such favorable initiatives undertaken by government bodies and market players are expected to support the Asia Pacific immunohistochemistry industry growth.

Moreover, aging is associated with a greater risk of infections and autoimmune diseases due to a weakened immune system. According to National Council on Aging's 2023 statistics, an estimated 95% of older people suffer from at least one chronic disease, such as cancer, heart disease, diabetes, or infectious diseases, and 80% suffer from at least two. Incidence of cancer increases 11-fold for people above 65 years of age in comparison with people below 65 years, as per European Society for Medical Oncology. Immunohistochemistry plays a vital role in disease diagnosis and treatment planning. Thus, the rise in the geriatric population is expected to increase the need for immunohistochemistry techniques.

However, the high cost associated with automated immunohistochemistry instruments poses a significant challenge in pathology and biomedical research. These instruments, designed to enhance efficiency and reproducibility, come with substantial upfront expenses. Initial acquisition cost includes instrument, software, and necessary accessories, making it a financial barrier for smaller laboratories. For instance, an advanced immunohistochemistry instrument costs around USD 85,000 to USD 90,000, which poses a high burden on hospitals and diagnostic laboratories in developing economies.

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Asia Pacific Immunohistochemistry Market Report Highlights

• Based on product, antibodies dominated the product segment with more than 41.5% share in 2023 owing to their significant use in disease diagnosis and research applications
• Based on application, research application segment is expected to grow at the fastest CAGR over the forecast period
• In terms of end use, hospitals and diagnostic laboratories segment held the largest share of the Asia Pacific market in 2023. Increase in the number of cancer cases is a significant factor driving the growth of this segment
• In terms of end use, research institutes segment is expected to grow at the fastest CAGR over the forecast period owing to rising research and development activities
• Japan dominated the Asia Pacific market owing to factors such as the increasing prevalence of cancer, high purchasing power parity, government support for quality healthcare, and availability of reimbursement
• In August 2023, Bio-Rad Laboratories, Inc. launched StarBright Red Dye and expanded its range of antibody markers conjugated to StarBright Dyes which now includes 29 additional cow, dog, human, mouse, and pig targets

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Asia Pacific Immunohistochemistry Market Segmentation

Grand View Research has segmented the Asia Pacific immunohistochemistry market based on product, application, end-use, and country:

Asia Pacific Immunohistochemistry Product Outlook (Revenue, USD Million, 2018 - 2030)

• Antibodies
  • Primary Antibodies
  • Secondary Antibodies
• Reagents
  • Histological Stains
  • Blocking Sera and Reagents
  • Chromogenic Substrates
  • Fixation Reagents
  • Organic Solvents
  • Proteolytic Enzymes
  • Diluents
  • Other Reagents
• Equipment
  • Slide Staining Systems
  • Tissue Microarrays
  • Tissue Processing Systems
  • Slide Scanners
  • Others
• Kits

Asia Pacific Immunohistochemistry Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostics
  • Cancer
  • Infectious Diseases
  • Cardiovascular Diseases
  • Autoimmune Diseases
  • Diabetes Mellitus
  • Nephrological Diseases
  • Others
• Research

Asia Pacific Immunohistochemistry End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals and Diagnostic Laboratories
• Research Institutes
• Others

Asia Pacific Immunohistochemistry Regional Outlook (Revenue, USD Million, 2018 - 2030)

• Japan
• China
• India
• South Korea
• Australia
• Singapore
• Thailand
• Malaysia
• Indonesia
• Philippines
• Vietnam

List of Key Players in the Asia Pacific Immunohistochemistry Market

• Thermo Fisher Scientific Inc.
• Hoffmann-La Roche Ltd.
• Merck KGaA
• Danaher Corporation
• PerkinElmer, Inc.
• Bio-Rad Laboratories, Inc.
• Cell Signaling Technology, Inc.
• Bio SB
• Agilent Technologies, Inc.
• Abcam plc.
• HiMedia Laboratories
• IMGENEX INDIA Pvt. Ltd.
• Sino Biological, Inc.
• NICHIREI BIOSCIENCES INC. (NICHIREI CORPORATION)
• MEDICAL & BIOLOGICAL LABORATORIES CO., LTD.
• Immuno-Biological Laboratories Co, Ltd.
• Kyowa Kirin Co., Ltd.
• Amos Scientific PTY. LTD.
• PathnSitu Biotechnologies Pvt 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.

Gaming Accessories Market Set to Witness an Uptick during 2024 to 2030: Grand View Research Inc.

Gaming Accessories Market Growth & Trends

The global gaming accessories market is expected to reach USD 10.07 billion by 2030 and is anticipated to grow at a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. In recent years, the global market has experienced a notable surge, marking a significant shift in consumer preferences and technological advancements. This upswing can be attributed to various factors, including the growing popularity of gaming as a mainstream form of entertainment, the continuous evolution of gaming technology, and the increasing disposable income of consumers worldwide.

Gaming is no longer confined to a niche audience; it has evolved into a widespread cultural phenomenon. The rise of esports, online multiplayer games, and streaming platforms has contributed to the increasing number of gamers across different age groups and demographics. As a result, the demand for high-quality gaming accessories has skyrocketed, ranging from gaming mice and keyboards to virtual reality (VR) headsets.

The technological advancements in the gaming industry have played a pivotal role in shaping the landscape of gaming accessories. With the introduction of cutting-edge gaming consoles, powerful graphics cards, and immersive gaming experiences, consumers are now seeking accessories that complement and enhance their gaming setups. It has led to a surge in demand for accessories such as mechanical keyboards with customizable RGB lighting, high-precision gaming mice, and advanced audio peripherals that deliver an immersive sound experience.

The global market has benefited from the growing mobile gaming trend. Mobile gaming has become a dominant force in the gaming industry with the widespread adoption of smartphones and tablets. As a result, there is an increased demand for portable gaming accessories, such as controllers and headphones designed specifically for mobile devices. Expanding the gaming ecosystem to mobile platforms has opened opportunities for accessory manufacturers to cater to a diverse and ever-expanding consumer base.

The rise of virtual reality (VR) gaming has also contributed significantly to the growth of the market. VR headsets, motion controllers, and haptic feedback devices have become integral to the immersive VR gaming experience. As VR technology continues to evolve, so does the demand for innovative accessories that provide users with a more realistic and engaging gaming environment. It presents a lucrative market for companies investing in developing cutting-edge VR accessories.

Moreover, the market has witnessed a surge in collaborations and partnerships between accessory manufacturers and gaming companies. This trend has resulted in creation of co-branded products and limited-edition accessories that appeal to the dedicated fan bases of popular games and franchises. These collaborations drive sales and gaming community's excitement and anticipation.

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Gaming Accessories Market Report Highlights

• The market continues to experience rapid technological advancements, with companies focusing on integrating cutting-edge features such as advanced sensors, haptic feedback, and customizable RGB lighting into their products. This innovation aims to enhance the overall gaming experience
• With the rise of esports, there is a heightened demand for gaming accessories that cater to the specific needs of professional and competitive gamers. Esports-grade peripherals with features like low-latency connectivity, high-precision sensors, and customizable settings are gaining popularity
• Brands collaborate with game developers, esports teams, or popular gaming franchises to create co-branded and limited-edition accessories. These collaborations generate excitement within the gaming community and contribute to unique and collectible offerings
• With the continued development of virtual reality gaming, there is a focus on innovations in VR accessories. It includes VR headsets, motion controllers, and haptic feedback devices that aim to provide a more immersive gaming experience
• While traditional retail channels remain significant, there is a notable shift towards online platforms and direct-to-consumer sales. E-commerce has become a leading channel for purchasing gaming accessories, offering convenience and a wide selection of products

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Gaming Accessories Market Segmentation

Grand View Research has segmented the global gaming accessories market based on product, platform, distribution channel, and region:

Gaming Accessories Product Outlook (Revenue, USD Million, 2018 - 2030)

• Gaming Chairs
• Controllers
• Headsets and Audio Equipment
• Keyboards and Mouse
• Others

Gaming Accessories Platform Outlook (Revenue, USD Million, 2018 - 2030)

• Mobile
• Console
• PC Gaming

Gaming Accessories Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Specialty Stores
• Online
• Departmental Stores
• Others

Gaming Accessories Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Gaming Accessories Market

• Logitech G
• Razer, Inc.
• Corsair
• SteelSeries 
• HyperX
• Thrustmaster
• Turtle Beach
• ASUS
• Xbox
• Micro-Star INT'L 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.

Non-alcoholic Beverages Market Is Expected To Accomplish A Valuation Of Around $1,997.25 Billion By 2030: Grand View Research Inc.

 Non-alcoholic Beverages Market Growth & Trends

The global non-alcoholic beverages market size is expected to reach USD 1,997.25 billion by 2030, registering a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. As consumers become more health-conscious, there is a growing demand for beverages that offer nutritional benefits, such as hydration, and contribute to overall well-being. This trend has shifted the spotlight from traditional sugary and carbonated drinks to healthier and functional beverage options.

Consumers increasingly seek alternatives to sugary sodas and high-calorie beverages, driven by concerns about obesity, diabetes, and other health issues. Non-alcoholic drinks that promote natural ingredients, low or no sugar content, and functional additives such as vitamins, antioxidants, and probiotics are gaining popularity. Companies in the market respond to this demand by innovating and introducing a diverse range of healthier beverage options, including herbal teas, infused water, natural fruit juices, and functional drinks.

The rise of alternative and plant-based ingredients is contributing to the growth of this market. Plant-based beverages, such as almond milk, soy milk, and other dairy alternatives, have gained traction as consumers explore options that align with their dietary preferences, including vegan and lactose-free choices. Health considerations and environmental and ethical concerns drive this shift toward plant-based and alternative ingredients.

The retail stores have become integral to the global economy in recent years. These stores have a competitive advantage in terms of proximity to customers and, in most cases, an extremely loyal customer base. Retail sales growth has thus become a major factor in the growth of the market.

For instance, in 2022, Koios Beverage Corporation, a beverage manufacturer, partnered with McLane Co., a company that buys, sells, and delivers more than 50,000 consumer products to nearly 110,000 locations across the U.S. This helped the former to grow its distribution network for its Fit Soda line (organic, natural soda) in convenience stores and gas stations in the U.S. Furthermore, the company is expanding its footprint in many new markets and regions.

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Non-alcoholic Beverages Market Report Highlights

• Based on product, the carbonated soft drinkssegment dominated the market in 2023. As consumers seek less sugar in beverages, several manufacturers are diversifying their product offerings by providing zero and low-calorie products to prompt growth within this category
• Based on distribution channel, the retail segment is expected to grow at the fastest CAGR from 2024 to 2030. Several brands are launching innovative products such as mock tails, artisanal sodas, and other non-alcoholic products through retail channels such as supermarkets, convenience, and department stores. These retail channels offer various options to accommodate different tastes and preferences. Moreover, retailers usually dedicate shelf space for non-alcoholic beverages, further increasing their visibility and potential for sales
• Asia Pacific dominated the overall non-alcoholic beverages industry in 2023. Asia Pacific, particularly in emerging countries, has created a strong demand for non-alcoholic beverages, including energy drinksand fortified juices. The growing awareness of the need for an active lifestyle, given the prevalence of lifestyle diseases, has encouraged consumers to opt for healthy and sugar-free drinks

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Non-alcoholic Beverages Market Segmentation

Grand View Research has segmented the global non-alcoholic beverages market based on product, distribution channel, and region:

Non-alcoholic Beverages Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Carbonated Soft Drinks
• Bottled Water
• RTD Tea & Coffee
• Functional Beverages
• Juices
• Dairy-based Beverages
• Others

Non-alcoholic Beverages Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Food Service
• Retail

Non-alcoholic Beverages Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Non-alcoholic Beverages Market

• Nestlé
• PepsiCo
• Unilever
• Keurig Dr. Pepper Inc.
• The Coca-Cola Company
• Jones Soda Co.
• Danone S.A
• Suntory Beverage & Food Ltd
• Asahi Group Holdings, Ltd.
• Red Bull

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.

Yoga Market Is Booming Worldwide 2024-2030

 Yoga Market Growth & Trends

The global yoga market size is expected to reach USD 200.35 billion by 2030, registering a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Consumers are becoming increasingly aware of stress relief and mental health benefits associated with yoga which has led to a shift beyond physical fitness. The surge in health consciousness, coupled with a shift towards holistic lifestyles will drive the market growth. Studies demonstrating the effectiveness of yoga in managing various health conditions have fueled the demand for restorative yoga, therapeutic yoga, prenatal yoga, and hatha yoga. According to the WHO, every year hypertension affects over 1 billion adults worldwide. The population suffering from hypertension accounts for up to 45% of the adult population. By 2025, the number of people with hypertension is expected to increase by 15-20%, reaching almost 1.5 billion.

The integration of technology has allowed the yoga industry to expand its reach. Advancements such as online platforms, mobile apps, virtual reality (VR), and wearable tech have made yoga more accessible, enabling individuals to practice their homes. Moreover, the availability of digital platforms and mobile applications that offer virtual yoga classes has significantly widened access and participation. These platforms offer convenience and accessibility, allowing individuals to practice yoga remotely, access various classes, and learn from renowned instructors regardless of location. For instance, in September 2023, Cult. Fit, an India-based health and fitness brand, announced the launch of Evolve Yoga, a new evidence-based, transformative yoga format designed to enhance flexibility and mobility.

The popularity of yoga among high-profile celebrities and athletes is also influencing public perception and increasing its popularity. Moreover, busy lifestyles and increased stress drive demand for convenient and accessible fitness options like yoga. In addition, there has been an increase in the demand for yoga retreats and vacations focused on yoga. This trend provides tourism destinations with an opportunity to cater to the growing demand for yoga-related travel experiences. According to GWI, the global wellness tourism industry generated USD 651 billion in 2022, and it is expected to grow at a rate of 16.6% annually, with a projected value of USD 1.4 trillion in 2027.

Factors such as busy work schedules and rising disposable incomes in both developed and developing economies are allowing individuals to spend more on their health and well-being. This has led to a rise in investment in yoga classes, retreats, and accessories. In addition, the availability of free online resources, discount studios, and community classes has made yoga accessible to budget-conscious individuals. According to the CDC’s National Diabetes Statistics Report for 2022, around 37.3 million people, or 11.3% of the U.S. population, have diabetes. Research has shown that yoga can effectively improve glycemic control, reduce stress, and enhance overall well-being for individuals with diabetes.

Employers have realized the benefits of yoga in reducing stress, improving employee well-being, and enhancing productivity. This has led to the inclusion of yoga sessions as part of workplace wellness programs. Moreover, yoga studios partner with local organizations to encourage the participation of yoga practitioners and promote community well-being. For instance, in July 2022, CorePower Yoga announced a collaboration with Thompson Hotels to help people maintain fitness and wellness as part of their lifestyle and travel experiences. The rooftop workout classes are rooted in the mindfulness of yoga, and designed to transform the minds and bodies of guests, CorePower Yoga members, and locals.

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Yoga Market Report Highlights

• Offline yoga course dominated the market in 2023. Offline yoga courses offer the advantage of direct interaction with a qualified yoga instructor who can provide personalized guidance and feedback, aiding in proper form and preventing injuries. These offerings are targeted at specific demographics or focused on specialized areas such as yoga for stress relief, therapeutic yoga, prenatal yoga, and yoga for athletes
• Demand from male segment is expected to surge in the forecast period. Increasing awareness of its physical and mental benefits led to a significant rise in male participation. Men are becoming more aware of the diverse health benefits of yoga beyond traditional fitness routines. They appreciate yoga for its ability to improve flexibility, build strength, enhance balance, and complement other forms of exercise
• 30-50 years age group segment held the majority revenue share in 2023. Yoga becomes a means of stress reduction, fitness maintenance, and mental relaxation for individuals within this age bracket. Moreover, increased awareness of the benefits of managing chronic health conditions is supplementing the segment growth
• Asia Pacific is anticipated to grow with the highest CAGR over the forecast period. This is due to factors such as rising disposable incomes and government initiatives promoting yoga through policies and initiatives for raising awareness of its benefits. Growing middle-class population, particularly in countries including China, India, South Korea, and Japan creates disposable income for premium yoga experiences and wellness activities

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Yoga Market Segmentation

Grand View Research has segmented the global yoga market based on delivery mode, end-use, age group, and region:

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

• Online Yoga Course
• Offline Yoga Course
• Yoga Accreditation Training Programs
• Others

Yoga End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Male
• Female

Yoga Age Group Outlook (Revenue, USD Million, 2018 - 2030)

• Below 18 Years
• 18-29 Years
• 30-50 Years
• Above 50 Years

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

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

List of Key Players in the Yoga Market

• CorePower Yoga
• Honor Yoga
• Pure Yoga
• Glo Digital, Inc.
• YogaOne
• YogaSix
• Yoga Pod
• MoreYoga
• Power Yoga Canada
• Flyogi LLC

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.