Veterinary Software Market Outlook On The Basis Of Product, Delivery Mode, Practice Type, End Use, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 31 March 2022: The Report Veterinary Software Market Size, Share & Trends Analysis Report By Product (Practice Management Software, Imaging Software), By Delivery Mode, By Practice Type, By End-use, By Region, And Segment Forecasts, 2022 – 2030

The global veterinary software market size is expected to reach USD 1.07 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.0% from 2022 to 2030. An increase in the prevalence of zoonotic diseases is a key factor for the growth of this market. Rising prevalence has triggered the demand for animal health diagnostics and monitoring services, which is expected to propel market growth over the forecast period. The growing adoption of integrated software systems for diagnostics and treatment is anticipated to fuel the market growth over the following years. 

Pet health information systems that enable real-time analysis of the prevalence of diseases will help researchers develop therapeutics. The incorporation of these solutions in laboratories is another growth propeller for veterinary reference laboratories. Moreover, zoonotic diseases pose a major public health burden, especially in tropical regions due to the lack of funds and healthcare infrastructure. An increase in the willingness to pay for animal healthcare is expected to fuel the adoption of animal health diagnostics and imaging software over the forecast period. 

The practice management software product segment is expected to witness lucrative growth over the forecast period. Most veterinarians use veterinary practice management software in managing patient information, scheduling appointments, and treatment planning. The most common features of the practice management software include client-patient database, after-care instructions for clients, billing, boarding, client communications, capturing lost charges, electronic medical records, client reminders, electronic whiteboards, inventory control, and many others. For instance, in January 2021, Patterson Veterinary publicized a partnership with Talkatoo to provide cloud-based software that offers a user-friendly dictation solution for veterinary practices. 

Market players are focusing on entering into partnerships and launching new products, thus contributing to the market growth. Citing an example, in January 2020, IDEXX Laboratories launched Rapid Digital Cytology. It helps in connecting veterinarians digitally at the global level and helps to receive cytology interpretation within a short period. Additionally, in June 2020, IDEXX Laboratories acquired ezyVet. With this acquisition, the company has expanded cloud software technology solutions. 

IDEXX Laboratories; Patterson Companies, Inc.; and Henry Schein, Inc. held the dominant revenue share in the industry owing to their wide regional presence and technologically advanced product offerings. Competitive strategies such as new product developments, regional expansion, and mergers and acquisitions are expected to propel market growth. For instance, in August 2021, Petabyte Technology proclaimed a partnership to advance the lives of veterinarians, their teams, and pet parents through innovative software. Together, the two corporations proposed to advance the next development of Petabyte’s software to revolutionize animal hospital operations and transform the pet parent experience.

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Veterinary Software Market Report Highlights

• In terms of product, practice management software held the dominant share of over 65.0% in 2021 due to the benefits associated with its usage including medical record maintaining, billing, appointment scheduling, and follow up of patients
• The imaging software product segment is anticipated to register a lucrative CAGR over the forecast period due to an increase in investments from veterinary product manufacturers, coupled with the introduction of advanced solutions
• Based on practice type, food-producing animals accounted for the largest revenue share in 2021 owing to the increasing demand from consumers. The rise in the production of animal-based food products is expected to lead to a significant price reduction and help meet the increasing demand for these food products, globally. In addition, animal welfare organizations are consistently striving to achieve high food security
• By end use, reference laboratories are expected to register the fastest CAGR of 9.4% during the forecast period owing to the growing demand from veterinary practitioners
• The North American market held the dominant revenue share in 2021 owing to the increasing number of pet owners in this region
• The Asia Pacific market is anticipated to register a lucrative CAGR over the forecast period due to an increase in the number of mergers & acquisitions by established players in this region

List of Key Players of Veterinary Software Market

• IDEXX Laboratories, Inc.
• Hippo Manager Software, Inc.
• VetZ Limited
• Esaote SpA
• Henry Schein, Inc.
• Patterson Companies, Inc.
• ClienTrax
• VIA Information Systems
• Onward Systems, Inc.

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mHealth Apps Market Outlook On The Basis Of Product Type, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 31 March 2022: The Report mHealth Apps Market Size, Share & Trends Analysis Report By Type (Fitness, Medical), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2022 – 2030

The global mHealth apps market size is expected to reach USD 105.9 billion by 2030 and is expected to expand at a CAGR of 11.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing penetration of smartphones and the internet all over the globe in the last couple of years is an important factor accelerating the growth of this market. Furthermore, growing awareness on lifestyle improvement and maintaining personal health and wellness is also one of the factors expected to drive the market in the upcoming years. The rapid increase in remote healthcare

services is also expected to propel the adoption of mobile health applications. Moreover, the growing adoption of mHealth applications by physicians to facilitate better patient engagement and treatment outcomes is also anticipated to increase its adoption.

The market is broadly classified into fitness applications and medical applications. The medical applications segment dominated the market in 2021. The growing adoption of medical healthcare applications by physicians and patients for better clinical outcomes is the major factor driving the growth of the segment. Increasing chronic disorders all over the globe in turn is expected to drive the adoption of mobile health applications for self-medication and disease management. In addition, increasing preference for the long-term subscription of the medical mobile applications by the individuals is also one of the major factors anticipated to further boost the medical applications segment growth over the years.

By region, North America is the leading region in terms of revenue, with a revenue share of around 38.2% in 2021. Factors like the availability of high-speed internet, an increasing number of smartphone users, the growing burden of chronic diseases, and the rising adoption of mHealth applications for remote patient consultation by healthcare professionals are driving the growth in North America. Furthermore, increasing awareness to maintain a healthy lifestyle among individuals has also led to increased adoption of such applications in this region. Moreover, the growing preference for remote monitoring to treat chronic conditions among the patient population through mobile health platforms is expected to increase the adoption of mobile health applications in this region.

In addition, the upsurge in the use of mHealth applications for patient data analysis, symptoms monitoring, need for clinical advice during the COVID-19 pandemic has also led to an increase in its penetration. There is also a huge increase in the new mobile application development activities observed during this pandemic for several purposes such as self-assessment, COVID-19 guideline update, COVID patient lifestyle monitoring, case number updates, clinician consultation, etc. which in turn is expected to accelerate the growth and penetration of mHealth applications over the forecast years. For instance, according to the World Economic Forum, during the pandemic, the health and fitness applications downloads grew by 46% worldwide due to the lockdown and shut down the impact and this is thereby anticipated to fuel the market growth in the near future.

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mHealth Apps Market Report Highlights

• The market size is expected to be valued at USD 105.9billion by 2030, owing to the growing penetration of mHealth applications to maintain individual’s health and wellness
• The medical applications segment dominated the market in 2021, owing to increasing preference for long term subscription of the medical applications by the individuals, coupled with a growing number of chronic diseases cases
• North America dominated the market with a revenue share of 38.2% in 2021, owing to the availability of highspeed internet, increasing number of smartphone users, growing burden of chronic diseases, and increasing adoption of mHealth applications

List of Key Players of mHealth Apps Market

• Teladoc Health, Inc.
• Abbott Laboratories
• Johnson and Johnson
• AstraZeneca PLC
• Hoffmann-La Roche Ltd.
• Novartis AG
• Bristol-Myers Squibb Company
• GlaxoSmithKline plc
• Merck and Co., Inc.
• Pfizer, Inc.
• Sanofi
• Samsung Electronics Co. Ltd.
• Qualcomm Technologies, Inc.
• Orange
• Google (Alphabet), Inc.
• Allscripts
• Airstrip Technologies, Inc.
• AT&T
• Apple, Inc.

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Digital Payment Market Segmented On The Basis Of Solution, Mode Of Payment, Deployment, Enterprise Size, End Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 March 2022: The Report Digital Payment Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-premise), By Solution (Payment Gateway, Payment Processing), By Mode of Payment, By Enterprise Size, By End Use, And Segment Forecasts, 2022 – 2030

The global digital payment market size is expected to reach USD 361.30 billion by 2030, expanding at a CAGR of 20.5% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to the growing volume of cashless transactions worldwide. According to PwC, a consulting company, the global volume of cashless payments is expected to increase by more than 80% between 2020 and 2025, to nearly 1.9 trillion by 2025 from nearly 1 trillion transactions in 2020. The rising demand for digital payments has encouraged several smartwatch providers to introduce enhanced smartwatches capable of making contactless payments.

For instance, in December 2021, Xiaomi launched the Mi Smart Band 6, which has been built in collaboration with MasterCard and is capable of conducting contactless payments at MasterCard terminals. Growing smart city projects worldwide are also expected to accentuate market growth. Digital payment forms an integral part of the smart city vision and is witnessing a notable rise in demand from local government bodies and citizens. Under the smart city initiative, digital payments are used across various departments to cover multiple Citizen-to-Government (C2G) and Government-to-Citizen (G2C) payments.

C2G payments include taxes, toll and transit, and water bills while G2C payments include monetary awards, scholarships, and subsidies. The COVID-19 pandemic is expected to impact the market growth favorably over the forecast period. The rise in demand for mobile-based payments and increased online sales worldwide are among the major factors that boosted the market growth during the pandemic. According to a study conducted by Accenture, an information technology company, transactions of value USD 7 trillion are projected to shift from cash to card and digital payments by 2023 and grow to USD 48 trillion by 2030.

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Digital Payment Market Report Highlights

• The payment processing solution segment is expected to retain its dominance over the forecast period. The introduction of payment networks, such as MasterCard, Visa, and RuPay, in multiple countries across the globe, contribute to the segment growth
• The point of sales segment led the market in 2021. The growing preference for digital wallets while paying for e-commerce transactions & online purchases supported the segment growth. Rising adoption of point of sales solutions among brick-and-mortar retail stores will drive the segment during the forecast period
• The on-premise deployment segment dominated the market in 2021. The on-premise deployment of digital payment solutions facilities secures transactions. As a result, various organizations prefer on-premise digital payment solutions
• The large enterprise size segment dominated the market in 2021. Many large enterprises have adopted digital payment solutions to efficiently manage their payment transactions, improve visibility of transactions, and enhance customer experience by reducing the time required to complete the payment
• The BFSI end-use segment led the market in 2021. The continued digitalization of banks and other financial institutions accentuates the growth of the BFSI segment. Banks are adopting digitalized solutions due to the increasing customer demand for contactless payment methods
• The increasing adoption of digital payment solutions in emerging economies, such as China and India, is expected to create growth opportunities for market players in the Asia Pacific region. A rise in government efforts aimed at encouraging digital payments in Asia Pacific region is also one of the major factors contributing to the regional market growth

List of Key Players of Digital Payment Market

• Aliant Payments
• Aurus Inc.
• Adyen
• Financial Software & Systems Pvt. Ltd.
• PayPal Holdings Inc.
• Novatti Group Pty Ltd.
• ACI Worldwide, Inc.
• Global Payments Inc.
• Wirecard
• net
• Total System Services, Inc.

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U.S. Cannabis Packaging Market Outlook On The Basis Of Material, Product, Application And Forecast To 2030 : Grand View Research Inc.

San Francisco, 30 March 2022: The Report U.S. Cannabis Packaging Market Size, Share & Trends Analysis Report By Material (Plastic, Paper), By Product (Bottles & Jars, Blisters & Clamshells), By Application (Recreational, Medical), And Segment Forecasts, 2022 – 2030

The U.S. cannabis packaging market size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis.

These numbers are projected to increase in the future along with the legalization of marijuana for medical use or adult recreational use in U.S. states including Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, New Jersey, New York, Virginia, New Mexico, and Connecticut. The states have different rules and regulations for the use and possession of cannabis. For instance, in Colorado, retail purchases of cannabis at licensed dispensaries are subject to standard sales tax, plus an additional 10.0% marijuana sales tax. In addition, a 15.0% excise tax is applied to the wholesale price of retail marijuana, which is the price that businesses of Colorado pay to cultivators.

These rules and regulations vary as per the state governments in the U.S. In Washington, retail sales of cannabis at licensed dispensaries are subject to an excise tax of 37%. In California, there is a 15.0% excise tax and a standard state sales tax on retail sales of cannabis at licensed dispensaries. In Massachusetts, sales at licensed dispensaries are subject to standard state sales tax and a state excise tax of 10.7% as well as towns and cities can also impose up to a 3.0% tax on marijuana sales. The players are offering products as per the rules and regulations by the government for the possession and use of cannabis products.

These also decide the packaging product size as some markets have legal possession of cannabis for an adult up to 5 ounces, for instance, and some have permission for the possession of 10 ounces. Thus, the packaging differs as per the legalized sales in the U.S. states. The packaging manufacturers are effectively looking into it and developing products as per the state’s requirements. This is projected to support the growth of the market over the forecast timeframe. Furthermore, the growing legalization of retail sales of cannabis in the U.S. states is a major factor driving the demand for packaging solutions.

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U.S. Cannabis Packaging Market Report Highlights

• On the basis of material, the plastic segment accounted for the highest market share in 2021 owing to extensive consumption of plastics in packaging products like jars, pouches, vials, containers, and thermoformed blisters and clamshells due to structural benefits and cost-effectiveness
• The bottles and jars segment accounted for the highest revenue share in 2021 and is expected to maintain the leading position throughout the forecast period. The availability of bottles and jars in wide varieties inclusive of size, shape, and quality among others is supporting the segment growth. The dried cannabis and cannabis extract is packaged in such bottles & jars
• The recreational use of cannabis packaging is expected to expand at a significant CAGR during the forecast period. The increasing demand for cannabis products among the adult population is primarily supporting the segment growth. In addition, the growing legalization of cannabis for recreational usage in more states of the country is driving the segment
• Key players are increasingly focusing on R&D activities, product development, and branding & marketing activities. Moreover, manufacturers are also focusing on advanced manufacturing machinery, raw material procurement, regulatory approvals, and certifications
• The strict rules and regulations by the governments on product selling and labeling is a factor projected to limit the market growth to an extent over the forecast period

List of Key Players of U.S. Cannabis Packaging Market

• Berry Global Inc.
• KushCo Holdings Inc.
• L. CLARK
• IMPAK Corporation
• Pollen Gear
• Cannaline Cannabis Packaging Solutions
• N2 Packaging Systems, LLC
• Green Rush Packaging
• Norkol Packaging LLC
• MMC DEPOT

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Europe Molded Pulp Packaging Market Outlook On The Basis Of Source, Packaging Type, Application, Region And Forecast From 2021 to 2028: Grand View Research Inc.

San Francisco, 30 March 2022: The Report Europe Molded Pulp Packaging Market Size, Share & Trends Analysis Report By Source (Wood Pulp, Non-wood Pulp), By Packaging Type (Transfer, Thermoformed), By Application, By Region, And Segment Forecasts, 2020 – 2028

The Europe molded pulp packaging market size is expected to reach USD 1.43 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.6% from 2020 to 2028. Rising usage of molded fiber for the packaging of eggs and fruits in Europe is expected to fuel the growth of the market. The European Union (EU) is amongst the top four egg-producing regions globally. As per the European Commission, the overall egg production in the region was 6,313 thousand tons in 2020. Whereas, according to International Egg Commission, the average egg consumption in the European Union is 210 eggs per person per year. These factors are expected to fuel the demand for molded pulp packaging in the region.

The EU is focusing on banning the use of single-use plastic products, along with foam, in a variety of food packaging and foodservice applications and electronics and industrial applications. Supportive regulatory policies promoting the use of sustainable packaging solutions are expected to augment the growth of the market during the forecast period. Increasing adoption of sustainable practices by businesses in their supply chain activities is anticipated to increase the penetration of molded pulp products in European countries. For instance, in March 2021, AR Packaging introduced a fiber-based barrier tray for fresh vegetables and fruit in order to attract retailers and food producers in search of plastic alternative packaging solutions. Pulp made from recycled paper products is further increasingly being promoted in the region to reduce the burden on virgin wood pulp.

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Europe Molded Pulp Packaging Market Report Highlights

• The non-wood pulp source segment is expected to register the highest CAGR of 6.2% over the forecast period. Increasing concerns over deforestation leading to challenges associated with the availability of wood pulp are expected to support the demand for non-wood pulp sources such as bagasse, rice straw, flax, and hemp
• Market players are focusing on new product development and mergers & acquisitions to strengthen their market presence. For instance, in January 2021, Brødrene Hartmann A/S acquired Gotek-Litar JSC, headquartered in Russia and involved in producing molded fiber packaging. The acquisition was a part of the former’s strategy to increase its foothold in Europe in the market
• The thermoformed packaging type segment is expected to register the fastest CAGR of 6.8% over the forecast period owing to thin walls, a smoother finish, and better dimensions of thermoformed pulp packaging. The products offer alternative solutions to plastic thermoformed packaging and are thus expected to gain traction
• The food packaging application segment held the second-largest revenue share in 2020. Molded pulp trays and clamshells are widely used for packaging eggs, fruits, vegetables, and meat and poultry products in the fresh food industry, thus supporting the segment growth
• The Scandinavian region is expected to expand at a CAGR of 5.7% over the forecast period. The region is characterized by the presence of countries that are major producers of pulp and pulp-based products. Finland and Sweden were ranked among the largest producers of these products in 2020 in the European region, thereby fueling the growth of the market

List of Key Players of Europe Molded Pulp Packaging Market

• Brodrene Hartmann A/S
• Omni-Pac Group
• Huhtamaki
• Pulp-Tec Limited
• Eco-Products, Inc.
• TART
• PAPACKS Sales GmbH
• Kiefel Packaging
• Switch Packaging Specialists Ltd.
• AR Packaging

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Surgical Sutures Market Segment Analysis By Type, Filament, Application, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 30 March 2022: The Report Surgical Sutures Market Size, Share & Trends Analysis Report By Type (Absorbable, Non-absorbable), By Filament (Monofilament, Multifilament), By Application (Cardiovascular Surgery, Orthopedic Surgery), By Region, And Segment Forecasts, 2022 – 2030

The global surgical sutures market size is expected to reach USD 6.5 billion by 2030, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2022 to 2030. The market growth can be attributed to a rise in surgical procedures due to an increasing number of cardiac diseases and orthopedic injuries, which occur due to the increasing geriatric population as well as the rising number of accidents. The lifestyle changes, growing healthcare expenditure, favorable reimbursement scenarios, and government support to improve the healthcare infrastructure are also significant factors contributing to the growth of the market.

Although the market may have witnessed a certain lag in terms of revenue during the pandemic, it is recovering at a decent pace and is expected to grow considerably during the forecast period. The lockdowns and changes in healthcare priorities have majorly affected the market in terms of demand. While the restrictions also affected the supply chain with limited manufacturing activities, travel restrictions disrupted the supply of raw materials as well as the final product.

However, with the key players focusing on technological aspects to overcome similar challenges in the future, the market is expected to flourish and gain back its pre-COVID growth rate. Moreover, considering that the COVID-19 affected population is at a higher risk of developing diseases, there might be a rise in cardiac diseases among individuals. This may further lead to the surged demand for surgical sutures.

The market was negatively affected during the pandemic due to the postponement of many surgical procedures in response to control the spread of the COVID-19 virus. However, the market has begun to recover and the market leaders and healthcare professionals involved in providing the surgery service are focusing on technological advancement in order to optimize the workflow and carry out a higher number of surgeries as compared to pre-pandemic days.

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Surgical Sutures Market Report Highlights

• Based on type, the absorbable segment dominated the market in 2021 owing to the higher adoption due to its ability to degrade naturally
• By filament, the multifilament segment held the largest revenue share in 2021 owing to the advantages it offers such as pliability, flexibility, and high tensile strength
• In terms of application, the cardiovascular surgery segment held the second-largest revenue share in 2021 owing to the high incidence of cardiac diseases, supportive reimbursement scenario, the presence of sufficient experts in the field, and technological advancements in diagnostics
• In 2021, North America held the largest revenue share due to the increasing incidence of cardiac diseases, the presence of local as well as key players in the market, high cost of sutures compared to other regions, supportive reimbursement scenario, rising government programs, and developed healthcare infrastructure

List of Key Players of Surgical Sutures Market

• Covidien
• Ethicon US, LLC. (Johnson & Johnson Services, Inc.)
• Braun Melsungen AG
• Smith & Nephew
• Integra Lifesciences
• Peter Surgical
• Internacional farmaceutica
• CONMED CORPORATION
• Sutures India Pvt. Ltd.

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Surgical Display Market In-Depth Research On Basis Of Type, Region And Forecast To 2028 : Grand View Research Inc.

San Francisco, 30 March 2022: The Report Surgical Display Market Size, Share & Trends Analysis Report By Type (Low-end, Mid-end, High-end), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2021 – 2028

The global surgical display market size is anticipated to reach USD 702.6 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 0.9% from 2021 to 2028. The key factors driving the market include the rising number of surgical procedures and growing digitalization in the healthcare sector. Furthermore, technological advancements by market players are also anticipated to positively influence market growth.

According to the Medical Project Manager of ADLINK Technology, Inc., the company’s surgical displays are designed by combining the features of the top 5 monitors in the market. Launched under the ASM surgical monitor series in 2021, the new lineup is optimized for superior image visualization. The monitors are intended to support surgeons and caregivers, especially during the COVID-19 pandemic, to quickly complete diagnoses via high-precision monitors to keep staff and patients safe. Hence, such product launches maintained steady growth during the COVID-19 pandemic.

Europe held a significant revenue share in the market in 2020 owing to factors such as advanced healthcare infrastructure, the presence of key players, and various strategic initiatives implemented by them. Eizo Corporation, for instance, integrated its German subsidiary- EIZO GmbH’s R&D, production, warehousing, and administration-at a single location in June 2019 to further expand the business into the healthcare sector.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, among others to maintain a competitive edge in the market. For instance, in January 2021, ADLINK Technology, Inc. launched a series of medical-grade surgical monitors-the ASM (ADLINK Surgical Monitor) series to visualize videos and still images from multiple clinical imaging systems in ORs, ICUs, and emergency & examination rooms. The ASM series is available in sizes from 23.8 inches to 32 inches and can be customized as per the needs of medical device OEMs.

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Surgical Display Market Report Highlights

• The market held a value of USD 655.07 million in 2020 and is expected to witness a growth rate of 0.9% during the forecast period
• Growing technological advancements coupled with increasing digitalization in hospitals is expected to boost the market growth
• The mid-end segment led the market in 2020 owing to its increasing demand for better imaging technologies
• Asia Pacific led the market in 2020 and accounted for a revenue share of more than 34% owing to the rapidly improving healthcare infrastructure, adoption of digital technologies, and a large patient pool
• Middle East and Africa is expected to be the fastest-growing regional market from 2021 to 2028 owing to the rise in the number of healthcare facilities and the need for continuous training for medical students and new doctors
• Major players are investing in new product launches, mergers and acquisitions, and collaborations to grow in the market
• In July 2021, EMBITRON s.r.o. launched new 4K surgical displays in 27” and 32″ screen sizes. This added to the company’s offerings

List of Key Players of Surgical Display Market

• Eizo Inc.
• Stryker
• Alcon
• Siemens
• Steris
• Olympus Corporation
• Koninklijke Philips N.V.
• Barco
• Ambu A/S
• NDS Surgical Imaging

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Mechanical Ventilator Market Segmented On The Basis Of Product, Ventilation Mode, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 March 2022: The Report Mechanical Ventilator Market Size, Share & Trends Analysis Report By Product (Critical Care, Neonatal, Transport & Portable), By Ventilation Mode (Invasive, Non-invasive), By End-use, By Region, And Segment Forecasts, 2022 – 2030

The global mechanical ventilator market size is expected to reach USD 4.22 billion by 2030, according to a new report by Grand View Research Inc. It is expected to expand at a CAGR of 4.8% from 2022 to 2030. The unprecedented dawn of COVID19, increasing incidence of chronic obstructive pulmonary disease (COPD), rising incidence of respiratory emergencies, and technological innovation in respiratory care devices are the major factors driving the market for mechanical ventilators.

Technical advancements such as rapid innovation in the field of Positive Airway Pressure (PAP) devices, portability, and improvement in battery life of transport and portable devices are the primary factors that encourage the usage of mechanical ventilators. In April 2020, InnAccel Technologies announced the introduction of a non-invasive ventilation system intended for usage in ICU with COVID-19 patients. This system was engineered and manufactured in India to treat patients with deteriorating hypoxemia. Besides, this system functions across numerous settings and clinical applications, without the necessity of continuous electricity, or a trained breathing therapist.

The WHO estimates that at present, approximately 90% of COPD deaths occur in low- and middle-income countries. Therefore, the rise in the prevalence of such diseases, new product launches, and the availability of portable, cost-contained, and easy-to-use mechanical ventilators for the treatment of respiratory conditions are expected to fuel the market growth worldwide. For instance, in August 2020, Spicejet introduced Spiceoxy, a portable, non-invasive ventilation device. The increasing awareness amongst the end users is projected to boost the demand over the forecast period.

Asia Pacific and Latin America are expected to witness lucrative growth over the forecast period. This growth is due to the presence of untapped opportunities, rising expenditure levels, and the introduction of favorable government initiatives. Market participants are constantly engaged in the development of new products in an attempt to improve presence and ensure sustainability. For instance, in April 2021, Drägerwerk AG & Co. KGaA has acquired the majority share of STIMIT AG. With this purchase, the company further increases its proficiency in the lung-protective ventilation field.

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Mechanical Ventilator Market Report Highlights

• By product, critical care ventilators dominated the market with a share of over 35.0% in 2021 owing to the high adoption and installation rate in hospitals. Besides, increasing incidence of COPD, asthma, and other respiratory emergencies is a key driver of this segment
• Transport and portable ventilators are expected to register a lucrative CAGR over the forecast period. Hospitals are promoting the use of portable breathing machines to provide faster and continuous care to patients even prior to their arrival o the premises. Portable breathing machines fulfill the need of patients to obtain home care, thereby increasing their popularity
• The non-invasive ventilation mode segment held the largest revenue share in 2021 and is expected to witness the fastest growth during the forecast period. Non-invasive ventilation effectively supports and prevents the necessity for intubation in patients, thus supporting the segment growth
• The home healthcare end-use segment is expected to register a lucrative CAGR over the forecast period. This is a cost-efficient alternative to expensive hospital stays, hence is anticipated to gain popularity in the coming years
• North America dominated the market in 2021 owing to the rising geriatric population in the U.S., which is leading to a corresponding rise in the incidences of respiratory disorders along with a manufacturing boost

List of Key Players of Mechanical Ventilator Market

• Getinge AB
• Medtronic
• Vyaire Medical Inc.
• Drägerwerk AG & Co. KGaA
• Koninklijke Philips N.V.
• Hamilton Medical
• GE Healthcare
• Smiths Medical
• ZOLL Medical Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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Exoskeleton Market Segment Analysis By Mobility, Technology, Extremity, End-Use, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 29 March 2022: The Report Exoskeleton Market Size, Share & Trends Analysis Report By Mobility (Mobile, Fixed), By Technology (Powered, Non-powered), By Extremity, By End-use, By Region, And Segment Forecasts, 2022 – 2030

The global exoskeleton market size is expected to reach USD 1.3 billion in terms of revenue and 26,114 units in terms of volume by 2030 and is expected to expand at a CAGR of 18.0% in terms of revenue and 11.0% in terms of volume from 2022 to 2030, according to a new report by Grand View Research, Inc. Rapidly growing global geriatric population, increasing incidences of road accidents, rising prevalence of stroke is boosting the adoption of exoskeleton products and driving the market growth. As per National Safety Council data estimates in March 2021, 42,060 individuals have died in road accidents in 2020 and accounted for an increase of 8% as compared to 2019. Furthermore, the market is expected to witness the emergence of smarter & more competent exoskeletons through the integration of artificial intelligence and machine learning algorithms.

The mobile exoskeleton segment dominated in 2021 and is anticipated to grow lucratively over the forthcoming years owing to the emergence of innovative mobile exoskeletons for the disabled communities and geriatric population. Although, high costs and complications associated with mobile systems are expected to restrain the segment growth. The powered technology segment dominated in 2021 owing to the widespread adoption of powered exoskeletons for rehabilitation aid in patients suffering from spinal cord injuries. Moreover, the benefits provided by these products are restored mobility, improved functioning, and enhanced quality of life. The non-powered technology segment is anticipated to register the fastest growth over the forthcoming years owing to the surge in product launches and growing demand for non-powered exoskeleton products in several industries.

Lower body extremity dominated in 2021 owing to the growing incidence rate of lower body disabilities. On the other hand, upper body extremity is anticipated to register the fastest growth over the forthcoming years owing to the widespread adoption of exoskeleton devices by disabled individuals in managing daily activities. Based on end-use, the healthcare segment dominated in 2021 owing to the growing prevalence of stroke, a significant rise in road accidents, and the growing demand for rehabilitation services. The industry segment is expected to grow significantly over the forecast period owing to the growing adoption rate of exoskeleton products to enhance strength, reduce fatigue and strain amongst workers in several industries. In 2021, North America dominated the market owing to the readiness in adopting advanced novel technologies and the growing prevalence of spinal cord injuries. The Asia Pacific is expected to grow lucratively owing to the advancements in healthcare infrastructure, availability of favorable funding options, and growing patient pool requiring rehabilitation services.

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Exoskeleton Market Report Highlights

• The market size is anticipated to be valued at USD 1.3 billion in terms of revenue and 26,114 units in terms of volume by 2030, owing to the growing prevalence of spinal cord injuries and rising demand for exoskeleton products to enhance mobility & boost productivity
• The mobile mobility segment dominated in 2021 owing to multiple benefits associated with these products such as improving strength without restricting movement
• The powered technology segment dominated the market in 2021 owing to the growing number of innovative product launches and an increase in product approvals from regulatory bodies
• The lower body extremity segment dominated the market in 2021 owing to the rising incidence of lower body disabilities
• The healthcare segment dominated the market in 2021 owing to the growing availability of adequate healthcare infrastructure and constant technological advancements
• North America dominated the market in 2021 owing to the growing disabled population, rising prevalence of spinal cord injuries, and presence of key players

List of Key Players of Exoskeleton Market

• Ekso Bionics
• Hocoma
• Lockheed Martin Corporation
• Suit X (U.S. Bionics, Inc.)
• Rex Bionics Plc.
• RB3D
• ReWalk Robotics Ltd
• Cyberdyne, Inc.
• ActiveLink (Panasonic Corporation)

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Veterinary Diagnostics Market Report Focusing On The Basis Of Product, Species, Testing Type, Disease Type, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 March 2022: The Report Veterinary Diagnostics Market Size, Share & Trends Analysis Report By Species (Canine, Feline), By End-use (POC/In-House, Labs), By Testing Type (Immunoassays, Pathology), By Product, By Disease Type, And Segment Forecasts, 2022 – 2030

The global veterinary diagnostics market size is expected to reach USD 16.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.2% from 2022 to 2030. The growing incidence of zoonotic and foodborne diseases is expected to drive the market over the forecast period. Moreover, increasing companion ownership in developing countries is another factor propelling the market. Approximately 75% of all novel and emerging human infectious ailments are zoonotic, like COVID-19, denoting that they can jump from animals to individuals. To combat COVID-19 and future pandemics, leaders from the Group of Seven in a February 2021 statement called for “affordable and equitable access to diagnostics” along with strengthening the One Health approach that unites veterinary, medical, and environmental disciplines in a cooperative effort.

In November 2021, Ellie Diagnostics proclaimed a new capital partnership to expand its diagnostic services across the U.S. Ellie provides diagnostics testing to veterinary clinics and specialty animal hospitals. On a global level, animal product consumption is witnessing a surge. This is supported by increasing human population, per capita, and animal health awareness in developing nations. Due to all these elements, the global demand for animal diagnostics has increased. The In-vitro (IVD) test kits and analyzers are rapidly filling the market. Apart from that, there is growth observed in the point of care treatments for animals as it provides convenience for the animals and their caretakers.

Moreover, the shift towards advanced test techniques, such as immune & molecular diagnostics, hematology, and nanotechnology, which are quick and efficient in producing the results is further propelling the growth. The U.S. is observed to have the highest number of companies dealing in this space, which, in turn, has contributed to the large share of North America in the global market. However, Asia Pacific is expected to emerge as the fastest-growing regional market. The upcoming tools and techniques in veterinary diagnostics space are nucleic acid, non-PCR techniques, biosensors, fluorescence polarization technology, whole-genome sequencing (WGS), biomarkers, nanotechnology, digitalization, and big data use, wearables, and apps, such as Vet on Demand, Treat, Pet life and Pet+Pixie.

Zoetis, IDEXX Laboratories Inc., Heska Corp., and VCA Antech diagnostics are the prominent players with a 70-80% market share in 2021. In June 2021, IDEXX Laboratories, Inc. publicized the acquisition of ezyVet. With this purchase, the company further expanded its cloud software offerings that assist customers with technology solutions that improve the standard of care for patients and allow more effective communication with pet owners.

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Veterinary Diagnostics Market Report Highlights

• Global meat production is expected to rise tremendously due to high demand, growing population, and increasing per capita income in emerging nations. This will drive the overall market growth
• Consumables held the largest revenue share in 2021 owing to an increased usage of consumables in point of care diagnostics
• Under the species segment, the canine type held the major share in 2021 followed by, feline & porcine. The growth can be attributed to increasing pet healthcare expenditure and growing companion ownership
• Pathology held the largest revenue share of testing type in 2021 owing to the high demand for diagnostic consumables & instruments utilized during laboratory testing and the increased volume of pathology tests performed for production animals, avians, and pets
• Non-infectious diseases held the highest market share in the diseases segment in 2021. But the number of hereditary, congenital, structural, and functional diseases in livestock and companion animals is increasing worldwide
• The point of care segment is expected to show the fastest CAGR over the forecast years due to its rapidity, efficiency, and user convenience

List of Key Players of Veterinary Diagnostics Market

• Zoetis
• Heska Corp.
• IDEXX Laboratories Inc.
• Agrolabo S.p.A.
• IDvet
• Virbac
• Thermo Fisher Scientific Inc.
• Neogen Corp.
• Covetrus
• iM3Vet Pty Ltd.

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