Core Banking Software Market Expected To Witness A Substantial Growth Of USD 17.48 Billion By 2028: Grand View Research Inc.

San Francisco, 30 July 2021: The Report Core Banking Software Market Size, Share & Trends Analysis Report By Solution (Deposits, Loans, Enterprise Customer Solutions), By Service, By Deployment, By End Use, By Region, And Segment Forecasts, 2021 – 2028

The global core banking software market size is expected to reach USD 17.48 billion by 2028, registering a CAGR of 7.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. Core banking software allows customers to get access to banking services through multiple channels, such as web and mobile banking, while also allowing them to carry out their banking activities from any branch location. Increasing customer demand for advanced banking technologies is anticipated to drive the market growth over the forecast period.

The growth of the market can be attributed to the increase in consumer preference for digital channels to meet their banking needs. Core banking software helps reduce business costs, protect data, manage risks, and segregate clients using a targeted and efficient approach. Core banking software allows banks to seamlessly merge back-office data and self-service operations.

The advent of telecommunication and computer technology is allowing businesses to share finance information with bank branches efficiently and quickly. Moreover, banks are focusing on moving to core banking applications to support their investment operations via a Centralized Online Real-time Exchange (CORE) of transaction data. Financial institutions and banks are adopting core banking software as it enables them to facilitate decision making through real-time reporting and analytics.

While the market is expected to witness steady growth in the near future, the COVID-19 pandemic is anticipated to adversely impact the market to a certain extent. However, the increasing demand for managing customer accounts from a single or centralized server is expected to fuel market growth. Increasing investments in core banking system updates to handle a growing volume of product-channel financial transactions is anticipated to propel the market growth over the forecast period.

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Core Banking Software Market Report Highlights

• The enterprise customer solutions segment is expected to witness significant growth over the forecast period as these solutions help banks in streamlining current business processes with advanced banking technology
• The core banking managed services model provides banks and financial institutions with a competitive edge by ensuring high usability, complete functionality, bug-fixing, and timely upgrades. This, in turn, is expected to drive the growth of the segment over the forecast period
• Banks and financial institutions can leverage the power of cloud-based applications. These solutions are deployed and developed as a set of flexible microservices with the help of Platform-as-a-Service (PaaS) tools. These solutions help banks and financial institutions in reducing operational costs, boost performance, and accelerate business growth, thereby driving the adoption of cloud-based solutions
• The growing need to increase productivity and operational efficiency of banks is expected to drive the adoption of core banking software across banks over the forecast period
• The promising rate of development of rural and private banking in developing economies such as China and India is anticipated to create growth opportunities for the Asia Pacific regional market

List of Key Players of Core Banking Software Market

• Capgemini
• Finastra
• FIS
• Fiserv, Inc.
• HCL Technologies Limited
• Infosys Limited
• Jack Henry & Associates, Inc.
• Oracle Corporation
• Temenos Group
• Unisys

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Metal 3D Printing Market is Predicted to Observe a Tremendous Growth, With a CAGR of 22.9% From 2021 To 2028: Grand View Research Inc.

San Francisco, 30 July 2021: The Report Metal 3D Printing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology, By Software, By Application, By Vertical, By Region, And Segment Forecasts, 2021 – 2028

The global metal 3D printing market is estimated to reach USD 15.28 billion by 2028, according to the new report by Grand View Research, Inc. The market is expected to register a CAGR of 22.9% from 2021 to 2028. Metal 3D printing is also referred to as Additive Manufacturing (AM) as it involves the successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes are built upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal and the unnecessary metal is ground out to obtain the desired object.

The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as growing demand for rapid prototyping, which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are the major factors behind the greater adoption of the technology across various industry verticals.

Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical happens to be the most significant adopter of the metal 3D printing technology and eventually leading to the largest market share of metal 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offer related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

The metal 3D printing technology happens to be capital-intensive technology. At the same time, manufacturers are holding to their misconceptions about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.

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Metal 3D Printing Market Report Highlights

• North America accounted for the largest market share in 2019 owing to the early adoption of the technologies
• The U.S. being the highest revenue generating country in 2019 in the North America regional market, the region is predicted to exhibit steady growth over the forecast period
• Increasing adoption of metal 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market growth significantly
• The Asia Pacific regional market, which is emerging as a manufacturing hub for several industry verticals, is forecast to grow significantly in future as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt metal 3D printing, particularly in countries, including China, Japan, and South Korea.

List of Key Players of Metal 3D Printing Market

• Materialise NV
• 3D Systems, Inc.
• GE Additive
• Autodesk Inc.
• Optomec, Inc.

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Point Of Sale Software Market Size Is Poised To Reach USD 19.56 Billion By 2028: Grand View Research Inc.

San Francisco, 30 July 2021: The Report Point Of Sale Software Market Size, Share & Trends Analysis Report By End-user (Healthcare, Retail), By Application (Fixed, Mobile), By Deployment Mode (On-premise, Cloud), By Organization Size, By Region, And Segment Forecasts, 2021 – 2028

The global point of sale software market size is expected to reach USD 19.56 billion by 2028, registering a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. Over the last few years, the restaurant industry has witnessed an uptick, largely favored by improving economy. However, restauranteurs are still facing challenges that could potentially hamper their performance as well as revenue. Moreover, the pandemic has hit the business substantially as countries went into lockdowns and travel & tourism came to a sudden halt. This, in turn, impacted the point of sale (POS) software business for the short term.

In addition, restaurant operators also face challenges in terms of complexities associated with order management while delivering the food on time and ensuring outstanding customer service. To meet the changing customer requirements and decrease the food as well as operational costs, restaurant operators are relying heavily on innovative technologies like restaurant software solutions that range from an all-in-one business management system to standalone POS terminals. The need to offer rapid and high-quality service to the customers while enabling easy guest management at restaurants is creating a pool of opportunities for market incumbents.

The industry is slowly making in-roads with the integration of technologies, such as cloud and artificial intelligence, with an aim to improve the existing ecosystem and help restaurants build an efficient work environment. The availability of these new technologies in one system helps restaurant operators to focus on their core competencies, thereby generating a profitable business output. Although the pandemic has hit the business negatively, an increase in demand for online orders is expected to favor the market growth over the next couple of years. Apart from restaurants, the industry is also expected to garner substantial profits from industries, such as retail and hospitality. The need for contactless payment options in the current scenario will play a vital role in driving POS software demand in the near future.

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Point Of Sale Software Market Report Highlights

• The global POS software market was valued at USD 9.26 billion in 2020. The business still has potential as the need for contactless payment options is on a rise amidst the pandemic
• The on-premise segment emerged as the preferred choice in 2020. Data security and the need to lower data exposure to third-party sources is expected to upkeep segment growth over the next few years
• The demand for POS software in Asia Pacific is estimated to register a CAGR exceeding 11.0% from 2021 to 2028
• The increasing digitization of business activities in countries like India, Malaysia, Singapore, Japan, and South Korea is expected to favor regional market growth. Moreover, the pandemic has been largely responsible for paving way for digital transformation in these economies, thereby creating opportunities for IT software & service providers.

List of Key Players of Point Of Sale Software Market

• Clover Network, Inc.
• H&L POS
• IdealPOS
• Lightspeed
• NCR Corporation
• Oracle Micros
• Revel Systems
• SwiftPOS
• Square Inc.
• TouchBistro
• Toast Inc.

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Digital Marketing Software Market Expanding At A CAGR 18.2% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 30 July 2021: The Report Digital Marketing Software Market Size, Share & Trends Analysis Report By Solution (CRM Software, Email Marketing, Social Media), By Service, By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2021 – 2028

The global digital marketing software market size is expected to reach USD 182.21 billion by 2028, registering a CAGR of 18.2% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The growth can be attributed to the unabated transition from desktops to smartphones as the rapid increase in the number of smartphone users would expose more individuals to online ads. The demand for digital marketing software is expected to increase over the forecast period as smartphones and mobile devices continue to proliferate and communication and exchange of information continue to get more convenient and efficient than before.

The digital marketing software market has been evolving continuously in line with the advances in technology and the changing needs of the incumbents of various end-use industries and industry verticals, especially small and medium enterprises. Several vendors are striking strategic partnerships with end users and helping them in strengthening their digital marketing activities. For instance, in May 2018, Marketo, Inc. announced a partnership with The Pedowitz Group, a revenue marketing consulting firm based in the U.S. in Atlanta, Georgia. The partnership was aimed at operationalizing business accountability, bringing about digital transformation, and enhancing the experience for mid-market manufacturing firms.

Customers are increasingly getting dependent on the latest, advanced technologies to ensure business continuity amid the challenges posed by the outbreak of the COVID-19 pandemic and the subsequent disruptions in supply chains, the growing preference for working-from-home policies, and the evolving customer expectations and preferences. As such, the economic uncertainties stemming from the outbreak of the pandemic are particularly prompting business software vendors and service providers to focus on pursuing customer service-driven strategies and assisting customers in their digital journey. At the same time, brands are also switching from offline marketing to online marketing in the wake of the outbreak of the pandemic.

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Digital Marketing Software Market Report Highlights

• The adoption of marketing automation software is anticipated to gain traction over the forecast period as activities, such as lead nurturing and collaboration among marketing teams, continue to be pursued aggressively
• The managed services segment is anticipated to register the highest CAGR from 2021 to 2028. The growth can be attributed to the benefits, such as remote monitoring and cost-effective management of IT infrastructure through subscription-based pricing models, associated with the adoption of managed services
• The cloud segment is expected to register significant growth over the forecast period owing to the cost-effectiveness and convenient accessibility facilitated by the cloud deployment model
• The SMEs segment is anticipated to register the highest CAGR from 2021 to 2028 owing to the aggressive adoption of social media platforms, such as Facebook, Pinterest, and Instagram, among others, by SMEs for sales and promotional activities
• Asia Pacific is anticipated to register the highest growth rate over the forecast period, owing to the increasing popularity of social media and the rising preference for e-commerce and m-commerce, particularly in emerging economies, such as India, Indonesia, and Thailand

List of Key Players of Digital Marketing Software Market

• Adobe, Inc.
• Hewlett Packard Enterprise Company
• Hubspot, Inc.
• International Business Machines Corporation
• Marketo, Inc.
• Microsoft Corporation
• Oracle Corporation
• com, Inc.
• SAP SE
• SAS Institute, Inc.

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Portable Lithium Power Station Market Projected To Exhibit Robust CAGR of 13.2% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 30 July 2021: The Report Portable Lithium Power Station Market Size, Share & Trends Analysis Report By Type (Direct Power, Solar Power), By Capacity, By Sales Channel, By Application, By End Use, By Region, And Segment Forecasts, 2021 – 2028

The global portable lithium power station market size is expected to reach USD 282.0 million by 2028, according to a new study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 13.2% from 2021 to 2028. With the improvement in battery technology, coupled with the increasing demand for portable power packs from the consumer electronics sector for powering notebooks, mobiles, tablets, and other smart devices, the demand for portable lithium power stations is anticipated to grow over the forecast period. Additionally, the rising demand for portable lithium power stations in a variety of application areas, including automotive, off-grid, and emergency power, is expected to create significant opportunities for the vendors operating in the market over the forecast period.

The key factors driving the market are the increasing penetration of smart electronic devices, rising demand for reliable and uninterrupted power, and stringent emission rules across regions. Moreover, the stringent regulations made by the government bodies on carbon emission and the growing adoption of advanced technologies by the customers are the key challenges faced by the vendors with regards to manufacturing the products that are planned with the latest demanding features and applications, which surely limits the market from expanding its reach.

The market is served by a blend of large players with international presence and capabilities to serve customers from different regions and local and domestic players that are having a strong foothold in the local markets. The key strategies adopted by these players include product launches, product development, expansions & investments, and partnerships and collaborations. New product development and launches were the most common strategies adopted in the past few years by the majority of vendors operating in the market. Moreover, partnerships and collaborations were another majorly adopted strategy by vendors to reinforce their product and service offerings and footprints across the globe. However, a decrease in the sales of electric vehicles, coupled with imposed restrictions on tourism and travel during the COVID-19 situation, is hindering the market growth. Asia Pacific is expected to witness substantial growth over the forecast period owing to the rising demand for portable lithium power stations to ensure continuous power supply during power outages, outdoor recreational activities, and camping in China, India, and Japan

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Portable Lithium Power Station Market Report Highlights

• By type, the solar power segment is anticipated to witness significant growth in the years to come owing to the increasing emphasis on the use of renewable energy
• The 1,000 Wh to 1,499 Wh capacity segment is anticipated to witness high growth as 1,000 Wh to 1,499 Wh power stations are increasingly used for powering large-sized devices and equipment along with multiple smaller devices, such as smartphones, tablets, and laptops
• The e-commerce sales channel segment is anticipated to witness significant growth over the forecast period owing to the growing penetration of digital platforms for transactions, coupled with the rising number of smartphone users
• The off-gird application segment is anticipated to register the highest CAGR over the forecast period owing to the increasing outdoor recreational and camping activities across the globe, which is expected to create healthy demand for portable lithium power stations to fulfill the power requirements at remote locations
• The industrial end-use segment is expected to grow at a significant rate over the forecast period owing to the growing need for continuous power and the availability of industrial-grade portable lithium power station

List of Key Players of Portable Lithium Power Station Market

• ALLPowers Industrial International Co., Ltd.
• Blackfire, Inc.
• Bluetti
• EcoFlow
• EGO POWER+
• Goal Zero
• Greenway Power Co. Ltd.
• Jackery Inc.
• Li Power (Shenzhen) Technology Co., Ltd.
• Lion Energy
• Midland Radio Corporation
• Nexpow LLC
• Suaoki
• Westinghouse Electric Corporation

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Supply Chain Analytics Market is Predicted to Observe a Tremendous Growth, With a CAGR of 17.3% From 2021 To 2028: Grand View Research Inc.

San Francisco, 29 July 2021: The Report Supply Chain Analytics Market Size, Share & Trends Analysis Report By Solution, By Service, By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2021 – 2028

The global supply chain analytics market size is expected to reach USD 16.07 billion by 2028, registering a CAGR of 17.3% from 2021 to 2028, according to a new study by Grand View Research, Inc. The growing demand to manage the increasingly large volumes of business data and use insights derived from it for strategic applications are triggering the demand for supply chain analytics (SCA). The increasing awareness among enterprises about the benefits offered by supply chain analytics in improving visibility across the entire supply chain is instrumental in driving the demand for analytics solutions.

SCA solutions enable enterprises to achieve growth, enhance profitability, and increase market share by utilizing the derived insights in making strategic decisions. Improved visibility across the supply chain can help organizations enhance sustainability, reduce inventory cost, and accelerate the time-to-market for products in the long run. Factors such as shortening product life cycles, low visibility in traditional supply chains, ineffective supplier networks, elevated warehousing costs, redundant forecasts, and fluctuating customer demands necessitate supply chain optimization, thereby driving the market growth.

The increased availability of cloud-based SCA solutions has triggered their demand among small and medium enterprises owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility and mobility offered by these solutions. Another notable trend in the market is the increased demand for risk analytics solutions across all industries. Risk analytics solutions address multiple issues associated with the supply chain by providing an analysis of scenario and sensitivity, stochastic optimization, and risk mitigation.

Improved effectiveness of business outcomes and cost-effectiveness of supply chain management resulting from the adoption of supply chain analytics is also expected to encourage the adoption of SCA solutions in several end-use applications. Demand is expected to remain strong across application areas such as retail and consumer goods, healthcare, and manufacturing. Moreover, the ability of supply chain analytics to enable effective and efficient management of end-to-end business processes is expected to propel the market growth over the forecast period.

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Supply Chain Analytics Market Report Highlights

• In terms of solution, the sales and operations analytics segment is anticipated to register considerable growth over the forecast period. This growth can be attributed to the growing use of machine learning in supply chain analytics solutions to dissect and aggregate data and produce predictive, descriptive, and prescriptive insights
• In terms of service, the professional segment dominated the market in 2020 and is expected to retain its dominance over the forecast period. The growing automation of professional services due to the adoption of big data and analytics, coupled with the increasing demand for improved mobility among service consultants, is expected to drive the growth of the segment
• In terms of deployment, the cloud segment is anticipated to register the highest CAGR from 2021 to 2028. Cloud-based solutions allow businesses to access data across connected devices at any point, which increases the scope for customization and enables the implementation of analytical tools across multiple business channels.
• In terms of enterprise size, the large enterprise segment is anticipated to register promising growth over the forecast period. This growth can be attributed to the rising demand for robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making across large organizations
• In terms of end use, the high technology product segment is expected to register a promising growth rate from 2021 to 2028. This growth can be attributed to the increasing demand for advanced technology products and the increasing import and export of these high technology products worldwide
• In terms of region, the North America region dominated in 2020. The regional market is expected to retain its dominance over the forecast period, chiefly owing to the presence of a large number of SCA service providers in the region

List of Key Players in the Supply Chain Analytics Market

• Accenture PLC
• Aera Technology
• Birst, Inc.
• Capgemini SA
• Genpact Limited
• International Business Machines Corporation
• JDA Software Group, Inc.
• Kinaxis
• Lockheed Martin Corporation
• Maersk Group
• Manhattan Associates, Inc.

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Continuous Glucose Monitoring Device Market Expanding At A CAGR 10.1% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 29 July 2021: The Report Continuous Glucose Monitoring Device Market Size, Share & Trends Analysis Report By Component (Transmitters, Sensors), By End Use (Hospitals, Homecare), By Region (Asia Pacific, North America), And Segment Forecasts, 2021 – 2028

The global continuous glucose monitoring device market size is expected to reach USD 10.36 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 10.1% from 2021 to 2028. Growing cases of diabetes and introduction of novel and advanced diabetes care devices are the major factors driving the market growth. Continuous glucose monitoring (CGM) devices provide an efficient method to measure body glucose levels in real time. Data recorded by these devices is transmitted through a wireless network to receivers; this helps keep a track of glucose levels over a designated period.

These devices also help manage diabetes while reducing individual insulin dosages. Integrated software within these devices provides users with insights about food consumption, medication, physical activity, and illnesses. Thus, an increasing number of diabetic patients are using these devices to manage and treat diabetes, which, in turn, is accelerating market growth. With the advent of digital therapeutics, a rising number of continuous glucose monitoring devices are being incorporated with apps and software to help patients with diabetes mellitus. Rise in the number of diabetes mellitus has been contributing toward continuous glucose monitoring (CGM) systems market growth.

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Continuous Glucose Monitoring Device Market Report Highlights

• Growing cases of diabetes is anticipated to propel market growth, with increasing number of patients opting for simplified CGM devices
• CGM devices provide analysis of blood glucose levels from the tissue fluid at regular intervals of time, which is also driving their demand
• Sensors was the largest component type segment and is anticipated to maintain its dominance owing to their integral nature in these devices
• Asia Pacific is the leading regional continuous glucose monitoring device market, with Japan, China, and India on the forefront
• North America led the global market in the past owing to wide usage of CGM devices as a result of higher number of target patients in the region
• The European region followed the North American closely in terms of market revenue due to rise in the adoption of these devices in key countries such as U.K., Germany, France, Italy, and Spain
• Some of the key companies present in the market are Pfizer Inc.; Baxter International, Inc.; Abbott Laboratories; Medtronic PLC; Animas Corporation; and Novo Nordisk A/S.

List of Key Players of Continuous Glucose Monitoring Device Market

• Medtronic
• Dexcom, Inc.
• Hoffmann-La Roche Ltd.
• Abbott
• Novo Nordisk A/S
• Ypsomed
• GlySens, Inc.

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Stethoscope Market Size Is Expected To Reach USD 826.72 Million By 2028: Grand View Research Inc.

San Francisco, 29 July 2021: The Report Stethoscope Market Size, Share & Trends Analysis Report By Technology (Traditional Acoustic, Smart Stethoscope), By Sales Channel (Distributors, E-commerce), By End-use (Hospitals, Clinics), And Segment Forecasts, 2021 – 2028

The global stethoscope market size is anticipated to reach USD 826.72 million by 2028, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Growing prevalence of cardiovascular and respiratory disorders, and increasing geriatric population are driving the market. Increase in incidence of numerous cardiovascular and pulmonary diseases in several countries is anticipated to impact market growth over the forecast period. Stethoscope is widely used for heart auscultation (listening to the heart sound) during diagnosis of cardiac illness. It is also used to primarily examine the condition of phlegm in the respiratory tract.

Moreover, growing elderly population has increased the demand for the medical device for the primary diagnosis of numerous chronic health ailments. According to the CDC, people aged above 65 years are at a higher risk of developing several chronic diseases. In addition, the world population aged 60 years and above is expected to increase from 900 million in 2015 to 2 billion in 2050 from. This is expected to boost the market.

Furthermore, several government initiatives, the introduction of new products, and incorporation of new technologies by market players, are likely to boost the market during the forecast period. For instance, 3M has launched ‘Single-Patient Stethoscope’ to overcome the issues related to disposable stethoscopes such as, inadequate audibility and discomfort faced by healthcare professionals. The device helps in minimizing the risk of cross-contamination while enhancing patient care.

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Stethoscope Market Report Highlights

• In terms of revenue, the teaching type segment dominated the market in 2019. The device is widely used for teaching/training purposes and is ideal for instructors and medical students
• The electronic type segment is expected to witness the highest CAGR of 5.5% from 2020 to 2027 owing to advanced features offered by the medical device such as, electronically amplified sound quality, audio recording, and reduced background noises for improved diagnosis
• North America dominated the market with the highest revenue share in 2019 owing to the presence of well-established healthcare facilities and increasing prevalence of numerous heart and lung associated diseases
• In Latin America, the market is expected to witness the highest CAGR of 5.3% from 2020 to 2027 due to increasing healthcare expenditure in most of the countries in the region.

List of Key Players of Stethoscope Market

• 3M
• Medline Industries Inc.
• Welch Allyn (Hill-rom Holdings, Inc.)
• Eko Devices Inc.
• GF Health Products, Inc.
• Rudolf Riester GmbH, (Halma Plc)
• American Diagnostics Corporation
• Cardionics
• Heine Optotechnik Gmbh & Co.

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Pharmaceutical Packaging Market Expected To Witness A Substantial Growth Of USD 219.2 Billion By 2028: Grand View Research Inc.

San Francisco, 29 July 2021: The Report Pharmaceutical Packaging Market Size, Share & Trends Analysis Report By Material (Glass, Plastics & Polymers), By Product (Primary, Secondary), By End Use, By Region, And Segment Forecasts, 2021 – 2028

The global pharmaceutical packaging market size is expected to reach USD 219.2 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.4% over the forecast period. The increasing prevalence of chronic diseases coupled with the growth of the pharmaceutical industry is anticipated to augment the consumption of pharmaceutical packaging products.

Ban on counterfeit products in North America and Europe is expected to be a major driver for the market as major companies are likely to invest heavily in anti-counterfeit packaging products. Blow-Fill-Seal (BFS) technology allows customized design for high-quality containers with tamper-evident closures in multiple shapes and sizes. Therefore, the growing demand for anti-counterfeiting packaging along with the advent of technology is likely to support the growth of tamper-evident pharmaceutical packaging.

Companies are focusing on using sustainable materials for packaging owing to the rising concerns about the generation of packaging waste that is difficult to degrade. Bioplastic is likely to gain traction in the market as it is derived from renewable plant-based sources and is biodegradable unlike the plastics and polymers derived from fossil fuels. In December 2019, Sanner GmbH, a Germany-based packaging manufacturer, introduced BioBase effervescent tablet packaging derived from corn and sugarcane. Such novel sustainable packaging solutions are expected to boost the growth of the market.

Pharmaceutical manufacturers are likely to prefer blister packaging for tablets and capsules as these are more sustainable with minimal usage of packaging material as compared to rigid bottles. In addition, the transparency of blister packs provides a clear product display and provides tamper-resistant features. The outbreak of COVID-19 has significantly increased the demand for various pharmaceutical drugs across the world, thereby propelling the demand for pharmaceutical manufacturing and their packaging. Rapid development and production of the vaccine in the year 2020 are anticipated to increase pharmaceutical manufacturing considerably, primarily benefitting the manufacturers of packaging vials in the near future.

Market players have been trying to increase their production capabilities as well as expand their geographic reach. In addition, companies are introducing and investing in high-tech packaging solutions with the changing environment. For instance, in April 2020, Schott AG introduced smart containers, which are laser-marked with a unique identifier to create robust traceability throughout the manufacturing process. Companies are expected to invest significantly in such developments in the coming years to strengthen their market position.

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Pharmaceutical Packaging Market Report Highlights

• In terms of revenue, the glass segment is projected to ascend at the highest CAGR over the forecast period
• Strong chemical resistance to various medicinal products and the ability to withstand heating treatment during the sterilization process is expected to expand the penetration of glass packaging
• The contract packing segment accounted for 36.4% of revenue share in 2020. Regulatory requirements associated with pharmaceuticals and their packaging are gradually becoming stringent, and contract packaging organizations are in a better place to address those changes. This factor is boosting the demand for contract packaging services
• The Asia Pacific is projected to be the fastest-growing region from 2021 to 2028. This growth is due to the rapidly expanding pharmaceutical market, particularly in China & India, and rising cases of various diseases, such as cancer and heart problems

List of Key Players of Pharmaceutical Packaging Market

• Amcor plc
• Becton, Dickinson, and Company
• AptarGroup, Inc.
• Drug Plastics Group
• Gerresheimer AG
• Schott AG
• Owens Illinois, Inc.
• West Pharmaceutical Services, Inc.
• Berry Global, Inc.
• WestRock Company
• SGD Pharma
• International Paper
• Comar, LLC
• CCL Industries, Inc.
• Vetter Pharma International

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Antiseptics And Disinfectants Market Size Worth $ 105.4 Billion By 2028: Grand View Research Inc.

San Francisco, 28 July 2021: The Report Antiseptics And Disinfectants Market Size, Share & Trends Analysis Report By Type, By Product, By End Use (Hospitals, Clinics), By Sales Channel (FMCG, B2B), By Region, And Segment Forecasts, 2021 – 2028

The global antiseptics and disinfectants market size is expected to reach USD 105.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.8% from 2021 to 2028. Increasing use of endoscope reprocessors and surgical units, and rising prevalence of hospital-acquired infections are the key driving factors for the market.

Increasing cases of HAIs due to lack of sanitation and precaution is a key factor anticipated to propel the market growth over the forecast period. According to the CDC report in 2018, around 1.7 million cases of HAIs and around 99,000 associated deaths are reported each year in American hospitals. As per the report published by European Centre for Disease Prevention and Control (ECDC) in 2018, prevalence of HAIs in European countries was around 7.1%. It also reported that around 4,131,000 patients suffer from HAIs in Europe each year.

Such cases are expected to increase the demand for antiseptics and disinfectants. Application of disinfectant solutions in hospitals and clinics generally protects against contamination and lowers risk of acquiring HAIs. They can also be used to eliminate bacteria and microbes before they can enter a patient’s body. Such solutions are required in hospitals to maintain proper hygiene and sanitation, thereby lowering the risk of HAIs, which is anticipated to propel market growth over the forecast period.

Access Research Report of Antiseptics And Disinfectants Market @ https://www.grandviewresearch.com/industry-analysis/antiseptics-and-disinfectants-market

Antiseptics And Disinfectants Market Report Highlights

• In terms of revenue, the quaternary ammonium compounds segment held the largest revenue share in 2020 owing to rising incidence of healthcare-associated infections and increasing number of hospitals across the globe
• The enzymatic cleaners segment is expected to witness the fastest growth over the forecast period. The growth of this segment can be attributed to the increasing number of hospitals in developing countries
• The hospital segment is expected to witness the fastest growth rate over the forecast period. Increasing number of hospitals in developing countries is expected to propel segment growth
• The B2B held the largest revenue share in 2020 owing to the rising end users opting for this sales channel across the globe
• In Asia Pacific, the market is expected to witness the fastest growth over the forecast period owing to the rising prevalence of cardiovascular, neurology, and urology disorders

List of Key Players of Antiseptics And Disinfectants Market

• 3M
• Reckitt Benckiser
• STERIS plc
• Kimberly-Clark Corporation
• Bio-Cide International
• Cardinal Health
• BD
• Johnson & Johnson

Access Press Release of Antiseptics And Disinfectants Market @ https://www.grandviewresearch.com/press-release/global-antiseptics-disinfectants-market