AI-based Surgical Robots Market is Expected to Amplify USD 25.2 Billion Value by 2030: Grand View Research Inc.

AI-based Surgical Robots Market Growth & Trends

The global AI-based surgical robots market size is expected to reach USD 25.2 billion by 2030, registering a CAGR of 18.9% during the forecast period, according to a new report published by Grand View Research, Inc. Robot-assisted surgery allows physicians to perform several types of complex surgical procedures with more flexibility, fewer risks, and with a faster recovery time. In addition, the incorporation of Artificial intelligence (AI) in robotic surgeries has revolutionized the automated medical devices industry.

The increased success rate and high efficiency of AI-based surgical robots are anticipated to fuel their adoption all around the world. Furthermore, the shift in preference towards automated minimally invasive procedures over conventional methods of surgeries by patients is further boosting the market growth.

Based on type, the instruments and accessories segment dominated the market, with a revenue share of around 54.3% in 2022. This growth can be attributed to the growing adoption of AI-based surgical robots & their accessories and the increasing number of next-generation modern hospitals. In addition, an increase in surgical robot product development activities by manufacturers is also anticipated to drive the segment in the coming years. Moreover, increasing preference for minimally invasive AI-based robotic surgeries is further anticipated to propel segment growth.

Based on application, the others segment dominated the market in terms of revenue share in 2022. The segment includes general surgeries, oncological & laparoscopies interventions, and procedures. The growing prevalence of cancer, heart diseases, and other chronic disorders further increases the adoption of AI-based surgical robots, which, in turn, is likely to drive segment growth. The increase in robot-assisted procedures such as cutting away cancer tissue, coronary artery bypass, kidney removal, and transplants are also expected to fuel segment growth in the coming years.

North America accounted for a high revenue share of around 41.9% in 2022. This growth can be attributed to improved modern healthcare infrastructure, rapid developments in AI-based robotic surgeries, and an increase in healthcare expenditure. In addition, the presence of leading players and continuous innovations in robotic equipment is also expected to boost the market growth in this region.

Moreover, growing awareness and adoption of automated medical devices for surgical procedures is further supporting the high revenue share for this region. Furthermore, the COVID-19 pandemic had a negative impact on the market in 2020, owing to the reduced number of surgical procedures and postponement of elective surgeries. In addition, disruption of the supply chain, continuous lockdowns, and shutdowns also hampered new product developmental activities in 2020. However, the growing preference for automated robotic surgeries and minimally invasive procedures is likely to accelerate market growth during the post-pandemic period.

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AI-based Surgical Robots Market Report Highlights

• The global market growth can be attributed to the increased success rate and high efficiency of AI-based surgical robots
• The instruments and accessories segment dominated the market in 2022, which can be attributed to increasing surgical robot product development activities by manufacturers and rising adoption of the devices
• The others segment dominated the market with a revenue share of over 35.5% in 2022, owing to increasing robot-assisted general surgeries and laparoscopies, along with the rising prevalence of conditions such as breast cancer
• North America dominated the market with a high revenue share in 2022, owing to improved modern healthcare infrastructure, rapid developments in AI-based robotic surgeries, and an increase in healthcare expenditure in the region, among others

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AI-based Surgical Robots Market Segmentation

Grand View Research has segmented the global AI-based surgical robots market based on type, application, and region:

AI-based Surgical Robots Type Outlook (Revenue, USD Million, 2016 - 2030)

• Services
• Instruments & Accessories

AI-based Surgical Robots Application Outlook (Revenue, USD Million, 2016 - 2030)

• Orthopedics
• Neurology
• Urology
• Gynecology
• Others

AI-based Surgical Robots Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players in the AI-based Surgical Robots Market

• Accuray Incorporated
• Intuitive Surgical, Inc.
• Medtronic, plc
• Medrobotics Corporation
• Zimmer Biomet
• Stereotaxis, Inc.
• Transenterix, Inc. (Asensus Inc)
• Stryker Corporation
• Activ Surgical, Inc.
• Titan Medical, Inc.
• CMR Surgical, Inc.
• Smith and Nephew

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.

Payment Orchestration Platform Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Payment Orchestration Platform Market Growth & Trends

The global payment orchestration platform market size is expected to reach USD 6.52 billion by 2030, expanding at a CAGR of 24.7% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growing use of smartphones for making payments is anticipated to drive industry growth. Moreover, consumer awareness about multiple payment options and increasing expectations for secure and fast payments contributes significantly to industry development.

According to PYMNTS.com, 27% of small & medium business units across the U.S. have adopted contactless payment methods, and 19% of small & medium businesses have planned to shift towards an e-commerce business model fully or partially. Thus, such shifts require back-end support to manage the sales and the payments to ensure a smooth customer experience throughout the purchase process. Hence, such business shifts are expected to increase the adoption of payment orchestration platforms across various industries and fuel the market’s growth over the forecast period.

Adopting Payment Orchestration Platforms (POPs) offers numerous advantages, such as 24/7 payment services and operational cost-efficiency. Moreover, payment orchestration platform companies are involved in mergers, acquisitions, and partnerships to gain a competitive edge. Companies are also entering into a strategic partnership to develop the payment orchestration platform, thereby driving the growth of the market.

The pandemic has contributed positively to industry growth. Major hospitals and other essential service providers have shifted from traditional payment terminals to online payment methods. Thus, increasing digitalization and the introduction of tech-based payment terminals by key providers are projected to drive the industry's growth.

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Payment Orchestration Platform Market Report Highlights

• The B2C segment is expected to witness the fastest growth over the forecast period. The introduction of multiple payment platforms aggressively by major payment orchestration providers and the adoption of these platforms by e-commerce merchants worldwide is expected to drive the growth of the segment
• The advanced analytics & reporting segment is expected to witness the fastest growth over the forecast period. The rising demand for AI-enabled payment platforms and centralized dashboards to increase business productivity is anticipated to drive segment growth
• The e-commercesegment is anticipated to witness the fastest growth over the period. Changing customer expectations and behavior toward online shopping is leading merchants to opt for payment orchestration platforms, which is expected to propel the segment growth
• The Asia Pacific regional market is expected to register rapid growth during the forecast period. The increasing migration of various businesses to this region and the growing e-commerce market is boosting the regional market growth

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Payment Orchestration Platform Market Segmentation

Grand View Research has segmented the global payment orchestration platform market based on type, functionality, end-use, and region:

Payment Orchestration Platform Type Outlook (Revenue, USD Billion, 2017 - 2030)

• B2B
• B2C
• C2C

Payment Orchestration Platform Functionality Outlook (Revenue, USD Billion, 2017 - 2030)

• Cross Border Transactions
• Risk Management
• Advanced Analytics & Reporting

Payment Orchestration Platform End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• E-commerce
• Healthcare
• Travel & Hospitality
• Others

Payment Orchestration Platform Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Payment Orchestration Platform Market

• CellPoint Digital
• IXOLIT Group
• Payoneer Inc.
• APEXX Fintech Limited
• Rebilly
• Spreedly
• Modo Payments
• Akurateco
• BNT Soft
• Aye4fin GmbH

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.

Image-guided Therapy Systems Market Is Projected To Reach Approximately $6.9 Billion By 2030: Grand View Research Inc.

 Image-guided Therapy Systems Market Growth & Trends

The global image-guided therapy systems market size is expected to reach USD 6.9 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to reach at a CAGR of 5.2% from 2023 to 2030. Growing geriatric population and increasing cases of chronic diseases are expected to boost the market demand. Other factors propelling the industry growth include rising preference for minimally invasive surgeries and technological advancements in image-guided therapy systems. Various initiatives undertaken in the area of cancer radiotherapy are driving the industry.

New product launches by major companies are also having a positive impact on market growth. For instance, in September 2020, Olympus Corporation launched ENDO-AID, an AI platform and endoscopy application with computer-aided detection for gastrointestinal applications. The AI platform with an endoscopy system-EVIS X1 enables real-time display. The growing adoption of such advanced systems is expected to drive the industry. The increasing number of initiatives undertaken by public and private firms in the area of cancer radiotherapy is also estimated to have a positive impact on industry growth.

Additionally, many academic institutions are investing in cancer radiotherapy projects for increasing the effectiveness of treatment therapies. This is also likely to contribute to market expansion. The development of the Image-guided Therapy Program by the Brigham and Women’s Hospital aimed at advancing imaging and therapeutic technologies for developing minimally invasive surgical and interventional techniques is an example of one such initiative.

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Image-guided Therapy Systems Market Report Highlights

• North America accounted for the largest revenue share in 2022 owing to the rising geriatric population and high per capita expenditure
• Based on product, the endoscopes segment accounted for the largest revenue share in 2022 owing to technological advancements, high volume of endoscope-guided surgeries, and rising preference for minimally invasive surgeries
• On the basis of application, cardiac surgery emerged as the largest application segment in 2022 owing to factors such as rising prevalence of target diseases, preference for minimally invasive cardiac surgeries, and R&D initiatives aimed at developing real-time cardiac intervention systems
• By end-use, the hospitals segment accounted for the largest revenue share in 2022 as the hospital settings are equipped with technologically advanced devices
• The ambulatory surgery centers segment is projected to expand at the fastest CAGR of 5.9% over the forecast period

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Image-guided Therapy Systems Market Segmentation

Grand View Research has segmented the global image-guided therapy systems market based on product, application, end-use, and region:

Image-guided Therapy Systems Product Outlook (Revenue, USD Million, 2018 - 2030)

• Computed Tomography (CT) Scanners
• Ultrasound Systems
• Magnetic Resonance Imaging (MRI)
• Endoscopes
• X-ray Fluoroscopy
• Positron Emission Tomography (PET)
• Single Photon Emission Computed Tomography (SPECT)

Image-guided Therapy Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cardiac Surgery
• Neurosurgery
• Orthopedic Surgery
• Urology
• Oncology Surgery
• Gastroenterology
• Others

Image-guided Therapy Systems End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Research & Academic Institutions

Image-guided Therapy Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Image-guided Therapy Systems Market

• Koninklijke Philips N.V.
• Medtronic
• Siemens Healthineers
• Analogic Corporation
• GE Healthcare
• Varian Medical Systems, Inc.
• Brainlab AG
• Olympus Corporation
• Stryker

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.

Cell Culture Media Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 

Cell Culture Media Market Growth & Trends

The global cell culture media market size is expected to reach USD 10.70 billion by 2030, registering a CAGR of 12.54% from 2024 to 2030, according to a new report by Grand View Research, Inc. Expansion of biosimilars and biologics, growth in stem cell research, and emerging bio manufacturing technologies for cell-based vaccines are the major factors which are likely to drive the market. For instance, in October 2021, the Australian Government funded the Australian-led stem cell research through USD 25 million in grants.

The expansion of clear, regulatory approval paths for biosimilars in emerging markets is generating great opportunities for biosimilar monoclonal antibodies.  The availability of an approval pathway in the U.S., has led to new opportunities for bio manufacturers to enter major markets around the globe. Biosimilar versions of monoclonal antibodies have the probability to offer cost reductions of 25-30%, and many emerging market countries are vigorously developing pathways for approvals and are swiftly catching up. As this industry is expanding the key biopharmaceutical players are adopting robust culturing technologies to meet the increasing demand; thereby driving the growth of the market.

Moreover, there is growing interest in improving the stem cell culture, because this technology is being used extensively in research for studying the stem cell biology, as well as for therapeutic applications. Furthermore, funding related to this research field has augmented in recent years which has accelerated the growth of the market. In addition to this, key media manufacturers launched new products for stem cell research. For instance, in September 2021, Bio-Techne Corporation launched a novel medium for the maintenance and expansion of induced pluripotent stem cells having applications in both translational and research workflows.

The outbreak of COVID-19 pandemic has improved the demand for well-established cell-based vaccine production technologies. Moreover, it has given rise to a few scientific innovations, particularly in the production and testing of vaccine technology. For instance, the Vero line originated from the African green monkey kidney and has been extensively used for viral vaccine manufacturing. It has also been used for the development of various SARS-CoV variants. ProVeroTM1 Serum-free Medium is one such medium manufactured by Lonza Bioscience which is protein-free, and of non-animal origin designed to support the growth of Vero cells and MDCK.

Moreover, in many European countries, cell-based flu vaccines have been approved. A probable advantage of cell culture technology is that it authorizes faster start-up of the manufacturing of vaccines during the pandemic. Today, the development of superior biological models, the optimization of culture growth medium, and the reduced dependence on animal-derived components endure to drive the rapidly developing vaccine development.

On the other hand, ethical issues concerning the use of animal-derived products hinders the industry growth. For instance, FBS is collected from the blood of fetal calves is one of the major ethical issues of serum containing media. It is projected that 600,000 liters of FBS is achieved from up to 1.8 million bovine fetuses are produced globally every year, presenting momentous scientific and ethical challenges. To overcome this issue, numerous workshops were held in the past on the replacement of fetal bovine serum and possible ways to reduce the use of FBS in media.

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Cell Culture Media Market Report Highlights

• By product, the serum-free media (SFM) segment held the highest market share of 36.0% in 2023. The use of serum-free media signifies a significant tool, which allows the researchers to perform specific applications or grow a specific cell type without using serum.
• The biopharmaceutical production segment dominated the market with a revenue share of 42.71% in 2023. Strategic activities by key biopharmaceutical companies, increasing R&D, demand for more reproducible and better-defined media and growing biosimilars marketdrives the segment growth
• By type, the liquid media segment captured the highest revenue share of 62.9% in 2023. This is attributed to increasing number of biopharmaceutical manufacturers, both downstream and upstream, are switching from premixed powders to liquid media and hence, propelling market growth
• By end-user, The pharmaceutical and biotechnology companies segment captured the highest revenue share of 34.25% in 2023, owing to the expansion of the current manufacturing capacities coupled with increasing prevalence of chronic disease which in turn demands for novel therapeutic drugs
• North America dominated the regional market with a revenue share of 37.58% in 2023 due to the growth in the pharmaceutical and biotechnology industry, presence of high R&D investment, and the development of novel culture media products in the region
• Asia Pacific is estimated to grow at the fastest CAGR of 14.92% during the forecast period owing to the increase in awareness associated with the use of the cell culture technique.  

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Cell Culture Media Market Segmentation

Grand View Research has segmented the global cell culture media market on the basis of on product, application, type, end-use, and region:

Cell Culture Media Product Outlook (Revenue, USD Million, 2018 - 2030)

• Serum-free Media
  • CHO Media    
  • BHK Medium          
  • Vero Medium          
  • HEK 293 Media         
  • Other Serum-free media
• Classical Media
• Stem Cell Culture Media
• Specialty Media
• Chemically Defined Media
• Other Cell Culture Media

Cell Culture Media Application Outlook (Revenue, USD Million, 2018 - 2030)

• Biopharmaceutical Production
  • Monoclonal Antibodies
  • Vaccines Production
  • Other Therapeutic Proteins
• Diagnostics
• Drug Screening And Development
• Tissue Engineering And Regenerative Medicine
  • Cell And Gene Therapy
  • Other Tissue Engineering And Regenerative Medicine Applications
• Other Applications

Cell Culture Media Type Outlook (Revenue, USD Million, 2018 - 2030)

• Liquid Media
• Semi-solid And Solid Media

Cell Culture Media End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical And Biotechnology Companies
• Hospitals And Diagnostic Laboratories
• Research And Academic Institutes
• Other End-users

Cell Culture Media Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Cell Culture Media Market

• Sartorius AG
• Danaher
• Merck KGaA
• Thermo Fisher Scientific, Inc.
• FUJIFILM Corporation
• Lonza
• BD
• STEMCELL Technologies
• Cell Biologics, Inc.
• PromoCell GmbH

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.

Water Enhancer Market to Observe Strong Development by 2030: Grand View Research Inc.

 Water Enhancer Market Growth & Trends

The global water enhancer market size is expected to reach USD 5.84 billion by 2030, registering a CAGR of 9.8% during the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness and adoption of a healthy lifestyle including daily intake of nutritious drinks across the globe act as the major driving force for the industry growth. Moreover, the significant changes in the flavored and healthy water consumption patterns of consumers, especially during the lockdown period, across the globe further contributed to the industry growth. The other factors that drive the market include the growing demand for sports nutrition-based water enhancers. During the COVID-19 pandemic, product sales decreased due to the shutdown of offline retail chains, such as supermarkets, hypermarkets, and convenience stores, across all regions to prevent the spread of the COVID-19 virus. Moreover, the disruption in the supply chain including the import and export further impacted the market during the pandemic.

A significant decline in the import of flavored water-based enhancers in developed economies, such as the U.S., U.K., and Germany, impacted the industry growth during the COVID-19 pandemic. The non-nutritional product segment contributed to a larger revenue share in 2021. The market is mainly driven by the significant demand for water enhancers for flavor and color. Moreover, the availability of various flavors and ingredients in this product category contributes to the larger share of this segment. The nutritional product segment is projected to grow significantly during the forecast period due to the rising demand for healthy beverage products in developed economies. The industry is also analyzed on the basis of the form including liquid and powder. The liquid form segment held the largest market share in 2021.

A rise in the adoption of liquid water enhancer products owing to the convenient packaging is one of the major driving factors that contributed to the market growth. The key manufacturers in the market are mainly offering the liquid form-based water enhancer in flexible and convenient packaging. The powder segment is projected to grow significantly over the forecast period due to the rising focus of emerging companies on launching new products in powder form.

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Water Enhancer Market Report Highlights

• North America held the largest revenue share in 2021 due to the popularity of nutritious water enhancers as a suitable healthy diet option for all age groups
• Europe accounted for a significant revenue share in 2021 and is expected to grow at a steady CAGR from 2022 to 2030
• Significant growth in the sales of sports and energy water enhancers in Belgium and Italy contributed to the market share
• The rising awareness about healthy water intake in the U.K., Germany, and France will drive the region’s growth during the forecast years
• In addition, the marketing of energy drink mixes products through social media and endorsement by celebrities & athletes further boosts the demand for nutritious water enhancers in this region.
• The online distribution channel segment is expected to register the fastest growth rate during the forecast years
• This growth can be credited to the significant focus of major manufacturers on adopting technologically advanced e-commerce technology to boost their product sales
• Manufacturers are increasingly preferring door-step delivery with nominal tenure by using the online sales platform and mobile application, which also helps customers track the orders.

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Water Enhancer Market Segmentation

Grand View Research has segmented the global water enhancer market based on product, form, distribution channel, and region:

Water Enhancer Product Outlook (Revenue, USD Million, 2017 - 2030)

• Non-Nutritional
• Nutritional

Water Enhancer Form Outlook (Revenue, USD Million, 2017 - 2030)

• Liquid
• Powder

Water Enhancer Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

Water Enhancer Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Belgium
  • The Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • Australia
• Central & South America
  • Panama
• Middle East & Africa
  • UAE

List of Key Players of the Water Enhancer Market

• PepsiCo, Inc.
• Nestle S.A.
• The Coca-Cola Company
• The Kraft Heinz Company
• Jel Sert
• SweetLeaf Stevia Sweetener
• Nuun
• Dyla LLC (Stur)
• 4C foods
• Arizona Beverages USA
• Heartland Food Products Group
• Keurig Dr. Pepper
• Mondelez International
• Refresco

About Grand View Research

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

Global Dual Interface Payment Card Market to Reach Around $23.66 Billion by 2030: Grand View Research Inc.

 Dual Interface Payment Card Market Growth & Trends

The global dual interface payment card market size is expected to reach USD 23.66 billion by 2030, growing at a CAGR of 16.2% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The market is anticipated to witness growth due to the increasing usage of payment cards across the globe. For instance, in June 2021, according to the Smart Payment Association (SPA), payment cards consist of 40-60% of total online payments made, either directly or indirectly. At the same time, the strong emphasis of payment service providers on offering enhanced payment solutions to their customers is expected to propel growth.

Increasing strategic collaborations between banks, hybrid smart cards, and dual interface card manufacturing companies to provide better service and upgrade customer experience is expected to drive the market growth during the forecast period. For instance, in December 2020, Kasikornbank extended its partnership with dzcard, a smart card manufacturer. This partnership was aimed at launching a contactless debit card along with a credit line by leveraging dzcard’s dual interface EMV debit card.

The increasing investments by venture capital into the companies offering dual interface cards for payment is anticipated to create new opportunities for the growth of the market during the forecast period. For instance, in April 2022, Financepeer, an Edu-fintech company, raised USD 31 million through a Series B funding round. The funds were utilized to enhance its technology platform and expand its offerings. Later, in June 2022, Financepeer launched a UVA card powered by Visa. This UVA card or a dual-interface card was designed for students to make day-to-day transactions easier. Such initiatives are expected to propel the growth of the industry.

The outbreak of COVID-19 played a vital role in driving the growth of the dual interface payment card market. The COVID-19 pandemic increased the preference for contactless payments among the people while processing payments at restaurants is one of the factors expected to drive the market growth. Moreover, in April 2020, according to a Mastercard survey, almost 8 out of 10 people located globally said that they use contactless payments.

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Dual Interface Payment Card Market Report Highlights

• The metal segment is expected to witness the fastest growth during the forecast period. The innovative technological advancements such as fingerprint sensor embedded into cards for biometric payment processing is expected to drive the growth
• The retail segment dominated the market in 2021 owing to the increasing usage of credit cards for online payments. For instance, according to the data released by RBI in march 2022, credit card payments made for e-commerce purchases were 76% more compared to in-store swipes
• The Asia Pacific regional market is expected to witness the fastest growth during the forecast period. The growing awareness of contactless payments across the region is expected to play a decisive role in driving the regional growth

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Dual Interface Payment Card Market Segmentation

Grand View Research has segmented the global dual interface payment card market based on type, end-use, and region:

Dual Interface Payment Card Type Outlook (Revenue, USD Million, 2017 - 2030)

• Plastic
• Metal

Dual Interface Payment Card End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Transportation
• Hospitality
• Healthcare
• Retail
• Others

Dual Interface Payment Card Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players in the Dual Interface Payment Card Market

• Thales Group
• IDEMIA
• Valid
• Giesecke+Devrient GmbH
• Eastcompeace Technology Co., Ltd.
• DATANG
• Paragon Group Limited
• CPI Card Group Inc.
• Watchdata Co., Ltd
• Wuhan Tianyu

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.

Fintech As A Service Market Estimated To Flourish By 2030: Grand View Research Inc.

 Fintech As A Service Market Growth & Trends

The global fintech as a service market size is expected to reach USD 949.49 billion by 2030, growing at a CAGR of 17.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of financial technology-based solutions and platforms globally is anticipated to drive the growth of the market. The increasing adoption of cloud-based software, artificial intelligence, and big data integrated with financial services is expected to drive the growth of the market for Fintech-as-a-Service.

In May 2023, Finastra, a global provider of financial software applications and platforms, joined forces with BKN301 Group, a fintech company committed to removing financial obstacles. This collaboration aims to address financial barriers in rapidly expanding markets. The goal is to introduce inventive solutions that foster economic development, facilitating mutual opportunities between these markets and those in the Western regions.

The investments made in financial technology companies are estimated to generate opportunities for market growth over the forecast period. For instance, in July 2021, an API developer, Railsbank Technology Ltd, raised USD 70 million in a fundraising event headed by Anthos Capital, a U.S.-based investment company. The allocated funds will be utilized to advance the company's Fintech-as-a-service platform and offer customers a range of solutions for product development.

The outbreak of the COVID-19 pandemic is expected to play a crucial role in driving the growth of the Fintech-as-a-Service platform market over the forecast period. The increasing demand for digital financial services increased drastically during the pandemic. Banks and financial institutions were looking at innovative ways to provide their services online during the pandemic which bolstered the growth of the market.

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Fintech As A Service Market Report Highlights

• The fund transfer segment is expected to witness the fastest growth over the forecast period. The fund transfer applications and software being introduced such as Meta Pay by some of the major companies worldwide are expected to drive the growth of the segment
• The artificial intelligencesegment is anticipated to witness significant growth over the projected period. Artificial intelligence is experiencing rapid growth due to its ability to automate and optimize financial processes, enhance customer experiences, and provide data-driven insights for better decision-making.
• The KYC verification segment is expected to witness the fastest growth over the forecast period The rising fraudulent activities such as ransomware, and identity theft among others across the globe is one of the major factors that propelled the market growth in 2021.
• The insurance segment is expected to witness the fastest growth over the forecast period. Keeping consumers' changing preferences in mind, insurers are offering flexible-term products and are customizing their offerings according to customer needs. With this changing trend, insurers are adopting Fintech-as-a-Service platforms which is driving the market’s growth
• The Asia Pacific regional market is expected to witness the fastest growth over the forecast period. The growing demand for technology-based payment platforms across the region is expected to play a decisive role in driving the growth of the regional market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-fintech-as-a-service-market

Fintech As A Service Market Segmentation

Grand View Research has segmented the global fintech as a service market based on type, technology, application, end-use, and region:

Fintech As A Service Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Payment
• Fund Transfer
• Loan
• Others

Fintech As A Service Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• API
• Artificial Intelligence
• RPA
• Blockchain
• Others

Fintech As A Service Application Outlook (Revenue, USD Billion, 2017 - 2030)

• KYC Verification
• Fraud Monitoring
• Compliance & Regulatory Support
• Others

Fintech As A Service End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Banks
• Financial Lending Companies
• Insurance
• Others

Fintech As A Service Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Fintech As A Service Market

• PayPal Holdings, Inc.
• Block, Inc.
• Mastercard Incorporated
• Envestnet, Inc.
• Upstart Holdings, Inc.
• Rapyd Financial Network
• Solid Financial Technologies, Inc.
• Railsbank Technology Ltd.
• Synctera Inc.
• Braintree

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.

Cold Chain Packaging Market: Advanced Technologies and Growth Opportunities Worldwide By 2030

 Cold Chain Packaging Market Growth & Trends

The global cold chain packaging market size is estimated at USD 59.95 billion in 2030 and is expected to grow at a CAGR of 12.6% from 2024 to 2030. The key drivers attributing to the market expansion include a significant boost in demand for cold chain packaging solutions from the pharmaceutical industry. Amidst the coronavirus pandemic, the trade and transit of temperature-sensitive drugs, medicines, and test samples are drastically increasing. Along with the pharmaceuticals market, the packaging market is anticipated to witness significant growth. The overall market growth is profoundly influenced by the high demand for perishable goods worldwide and the availability of fresh food and frozen food supplies.

The growing popularity of e-commerce as a channel for purchasing fresh goods drives the market growth. The increasing usage of e-commerce websites and mobile apps has enabled customers to order preserved food, fresh vegetables, dairy products, and daily meals. Digital retailing has given enabled consumers to purchase products from anywhere they want. The rising trend of online purchases for perishable products has led to new opportunities and challenges. These include the need for innovative solutions to provide the critical service of last-mile delivery, automated warehouse facilities to manage inventories and to reduce per-item costs, and advanced cold chain packaging solutions that would maintain the safety of fresh food products.

North America dominated the market for cold chain packaging in 2019 and is estimated to continue leading over the forecast period leveraging the high consumption rate of meat, processed food, and dairy products. Additionally, the regional market is highly fragmented with numerous market players, which has increased the regional market share. However, the current economic and political scenario has impacted industry growth. The trade conflict between the U.S. and China is expected to negatively impact the growth of the cold chain market in the U.S. In early 2018, China announced a 15% to 25% tariff on products imported from the U.S., including pork, fruits, wine, nuts, and vegetables. This high tariff imposed on food and agriculture products is expected to hinder the regional market growth.

The Middle East and Africa market for cold chain packaging is anticipated to register the highest CAGR over the forecast period on account of significant improvements in material handling, warehousing, intralogistics, and supply chain solutions. The Asia Pacific regional market is estimated to witness a significant CAGR of more than 21% from 2020 to 2027. The growth is attributed to the ever-increasing population, rapid industrialization, continued rollout of transportation and warehousing networks, and the rise in demand for processed and canned food items.

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Cold Chain Packaging Market Report Highlights

• Amid the COVID-19 pandemic, governments across the globe are emphasizing on providing ample medicinal supply to the healthcare facilities. With the increasing tests per day, the transit of blood samples is also increasing, thereby increasing the need for reliable temperature-controlled packaging solutions in the pharmaceutical and healthcare industry.
• The evolution of the smart technologies, such as smart boxes or smart temperature-controlled packaging solutions that provide real-time data on variations in temperature, humidity, and air pressure, is expected to drive the future growth of the market.
• The increasing emphasis on low ozone depletion potential (ODP) and low global warming potential (GWP) gases is expected to boost demand for natural and inorganic refrigerants such as ammonia and carbon dioxide.
• The fruits & vegetable segment is expected to grow at a significant compound annual growth rate (CAGR) of more than 20% from 2020 to 2027 owing to the increasing demand for fresh vegetables and fruits from end consumers across the globe.
• Market players are expanding their regional presence through mergers, acquisitions, and partnerships by establishing a network of distributors located in different regions. For instance, Pelican Products, Inc. has a network of dealers located in South America (NatBio), Asia Pacific (Giddi Pharma, Pharmaserv Express, and others), and Europe (DS Smith).
• Some of the key industry participants are Cold Chain Technologies, Cryopak A TCP Company, Pelican Products, Inc., Sofrigam, and Sonoco ThermoSafe.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cold-chain-packaging-market

Cold Chain Packaging Market Segmentation

Grand View Research has segmented the global cold chain packaging market report based on material, product, end use, and region 

Cold Chain Packaging Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

• Expanded Polystyrene (EPS)
• Polyurethane Rigid Foam (PUR)
• Paper & Paperboard
• Others

Cold Chain Packaging Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

• Insulated Pallet Shippers
• Insulated Containers
• Vacuum Insulated Panels
• Gel Packs
• Others

Cold Chain Packaging End Use Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

• Fruits & Vegetables
• Fruit & Pulp Concentrates
• Dairy Products
  • Milk
  • Butter
  • Cheese
  • Ice Cream
• Fish, Meat & Seafood
• Processed Food
• Pharmaceuticals
  • Vaccines
  • Blood Banking
• Bakery & Confectionaries
• Others

Cold Chain Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030­)

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

List of Key Players in Cold Chain Packaging Market

• Cold chain Technologies
• Cryopak
• Sonoco Thermosafe
• SOFRIGAM
• Softbox Systems Ltd
• Pelican Products, Inc.
• CSafe
• TOWER Cold Chain Solutions
• Sealed Air Corporation
• CoolPac
• Nordic Cold Chain Solutions
• Global Cooling Inc.
• Inmark LLC
• Envirotainer AB
• DGP Intelsius LLC
• Vericool, Inc.
• Emballages Cre-O-Pack Intl
• TemperPack Technologies, 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.

Global Market For Alkyd Resin to Witness Tremendous Growth and Expansion by 2030

 Alkyd Resin Market Growth & Trends

The global alkyd resin market size is anticipated to reach USD 6.41 billion by 2030 and is anticipated to expand at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for consumer electronics owing to the advent in technologies such as internet of things (IoT), cloud computing, edge computing, and 5G is propelling the alkyd resin market.

In the electrical and electronics industry, alkyd resins are primarily used for their excellent insulating properties and protective capabilities. They are widely applied in the production of insulating varnishes and coatings that safeguard electronic components and circuit boards from moisture, dust, and electrical interference. These resins provide a durable and reliable barrier, enhancing the longevity and performance of electrical devices. In addition, alkyd resins are used in the encapsulation of transformers, motors, and other electrical equipment, ensuring protection against harsh environmental conditions and electrical stress. Their versatility and effectiveness make them a preferred choice in maintaining the integrity and efficiency of electrical and electronic products.

Alkyd resins are used in aerospace industry primarily for protective coatings on aircraft components. These resins offer excellent durability, weather resistance, and corrosion protection, making them ideal for coating the exterior surfaces of airplanes. Alkyd resin-based paints and coatings help protect aircraft from harsh environmental conditions, such as extreme temperatures and UV radiation, while also providing a smooth, glossy finish that enhances the aerodynamics and aesthetics of the aircraft. In addition, they are used in the maintenance and refurbishment of aerospace equipment, ensuring long-lasting protection and performance. Their effectiveness in providing both protection and aesthetic appeal makes alkyd resins a valuable material in the aerospace sector.

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Alkyd Resin Market Report Highlights

• Based on product, the short alkyd resin segment held the largest share, accumulating USD 1.30 billion market size in 2023. This can be attributed to its increased applications in automobile sector
• Based on formulation, the high-solids alkyds segment is expected to grow at the fastest CAGR over the forecast period, owing to the stringent environmental regulations
• Based on end use, the automotive segment is expected to witness a rapid growth over the forecast period, due to polycarbonate film features such as lightweight, optical clarity and impact resistance
• Asia Pacific dominated the alkyd resin market due to growing industrial, automotive, and construction industry especially in Thailand, Philippines, Bangladesh, India, Indonesia, and Vietnam
• China was the leading manufacturer of alkyd resin in the Asia Pacific region and captured around 35.1% of the revenue market share in 2023 in this region.
• Market players operating in polyester fiber market include Polynt SpA, Nord Composites, Manusca Chemicals Limited, Dow, Macro Polymers, and Cytech Solvay Group

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

Alkyd Resin Market Report Segmentation

Grand View Research has segmented the global alkyd resin market on the basis of product, formulation, end use, and region:

Alkyd Resin Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Short Alkyd Resin
• Medium Alkyd Resins
• Long Alkyd Resins

Alkyd Resin Formulation Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• High-Solids Alkyds
• Waterborne Alkyds
• Modifying Alkyds
• Solvent Borne Coatings
• Others

Alkyd Resin End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive
• Construction
• Electrical & Electronics
• Aerospace
• Others

Alkyd Resin Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Alkyd Resin Market

• Polynt SpA
• Nord Composites
• Manusca Chemicals Limited
• Dow
• Macro Polymers
• Arkema SA
• Cytech Solvay Group
• BASF SE
• Spolchemie
• S.V Chemicals Pvt Ltd.
• Orson Resins and Coatings Private Limited

About Grand View Research

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

Humanoid Robot Market is Expected to Enhance $4.04 Billion Revenue By 2030: Grand View Research Inc.

 Humanoid Robots Market Growth & Trends

The global humanoid robots market size is expected to reach USD 4.04 billion by 2030, registering a CAGR of 17.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market for humanoid robots is poised for substantial growth due to rapid technological advancements leading to more efficient and affordable robot models. Furthermore, the increasing adoption of humanoid robots in military and defense applications, is expected to drive market expansion. AdditionallyIn addition, the growing trend of industry automation is anticipated to further fuel the demand for humanoid robots in various sectors.

Healthcare personnel are using humanoid robots to help in a variety of duties, including patient care, physical therapy, and monitoring. They can be designed to carry out monotonous activities, minimizing the workload on medical staff and increasing productivity all aroundwith a variety of duties, including patient care, physical therapy, and monitoring. They can be designed to carry out monotonous activities, minimizing the workload on medical staff and increasing productivity overall. For example, Fourier GR-1, a mass-produced humanoid robot developed by Fourier Intelligence, can carry patients from bed to wheelchair and help pick up objects.

Moreover, there are some cutting-edge humanoid robots being employed in operations. They provide tremendous dexterity and precision, allowing surgeons to carry out intricate procedures with more accuracy and less intrusiveness. Humanoid robot advancements are being driven by ongoing research and development in the field of some cutting-edge humanoid robots are being employed in operations. They provide tremendous dexterity and precision, allowing surgeons to carry out intricate procedures with greater accuracy and less intrusiveness. Humanoid robot advancements are being driven by ongoing research and development in robotics, making them more versatile and specialized for healthcare purposes.

The industry industry'skey players have focused on renting out their humanoids in an effort toto promote the use of the technology. For example, in December 2019, CloudMinds created a smart robot rental program that provides humanoid robots with cloud-based intelligence for entertainment at weddings, special events, conferences, trade exhibitions, and workplaces. With ambitions for robots like Cloud Patrol, Cloud Vending, Cloud Cleaning, and Cloud Assistant, the rental program began with the Cloud Pepper robot, which is well-known across several worldwide industry verticals. This would raise awareness of the advantages of technology and encourage more people to adopt it.

Moreover, the novel product launch are proposed by the industry players to enhance the product portfolio boostsindustry players propose novel product launches to enhance the product portfolio and boost the market. For instance, in July 2023 , Fourier Intelligence intends to produce 100 of its GR-1 universal humanoid robots by the end of 2023, ensuring the incredible claim that these machines will be able to lift nearly their own weight, in response to the growing need for healthcare during labor shortages and an aging population. They have a distinct focus as well. The GR-1 humanoid will be able to help pick up goods and transfer people from beds to wheelchairs.

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Humanoid Robot Market Report Highlights

• By component, the hardware segment dominated the market in terms of revenue share in 2023. The creation ofCreating more sophisticated actuators and motors allowed humanoid robots to move more fluidly, with greater dexterity, and perform better overall.
• By application, the personal assistance and caregiving segment held the largest market share in 2023. These robots can be instructed to carry out basic domestic duties such as cooking, cleaning, and organizing, which eases the strain on individuals and families. Robots can also help with therapeutic tasks, including physical therapy exercises and entertainment for patients to ease their tension and anxiety, increasing segment growth.
• By motion type, the wheel drive segment dominated the market in terms ofregarding revenue share in 2023. These robots are used as entertainment in theme parks, scientific fairs, and amusement parks. Such factors are anticipated to fuel the segment growth over the forecast period.
• North America dominated the global humanoid robot market owing to the high demand for themdue to their high demand. This demand was caused by several factors, including an aging population, the need for personalized customer service, and the culture's emphasis on technology and innovation.

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

Humanoid Robots Market Segmentation

Grand View Research has segmented the global humanoid robots market on the basis of component, application, motion typebased on component, application, motion type, and region.

Humanoid Robot Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software

Humanoid Robot Application Outlook (Revenue, USD Million, 2018 - 2030)

• Research and Space Exploration
• Education and Entertainment
• Personal Assistance and Caregiving
• Hospitality
• Search and Rescue
• Others

Humanoid Robot Motion Type Outlook (Revenue, USD Million, 2018 - 2030)

• Biped
• Wheel drive

Humanoid Robot Regional Outlook (Revenue, USD Million, 2018 - 2030­)

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

List of key Pplayers in the Humanoid Robots Market

• HYULIM Robot Co., Ltd
• HANSON ROBOTICS LTD
• Engineered Arts Limited
• Honda
• KAWADA Robotics Corporation
• SoftBank Robotics
• Sanbot Co
• ROBOTIS
• Willow Garage
• Toshiba Corporation

About Grand View Research

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