Excipients Market In-Depth Research On Basis Of Product, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 31 Oct 2022: The Report Excipients Market Size, Share & Trends Analysis Report By Type (Polymers, Alcohols, Sugars, Minerals, Gelatin), By Region, And Segment Forecasts, 2022 – 2030

The global excipients market size is expected to reach USD 9.37 billion by 2030, expanding at a CAGR of 6.0% for the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. Globally increasing reach of generic medicines has been a major factor driving market growth. In addition, rising demand for newer excipients owing to the advantages of drug delivery and stability has led to the growth of the market. 

Excipients are essential components for the improvement of overall pharmaceutical activity and performance, both of which directly impact the characteristics of pharmaceutical formulations. An excipient in the right proportion can improve the shelf life and bioavailability of a formulation. These can also be used in drug delivery mechanisms such as sustained release and rapid release drugs.

Polymers were the largest product category in 2021 based on revenue and volume and are expected to maintain a comparatively moderate growth rate over the forecast period. Microcrystalline cellulose was the leading polymer in this category, accounting for a share of over 26.0% in 2021.

Sugars are expected to observe the fastest growth over the coming years, exhibiting an estimated CAGR of 6.9% from 2022 to 2030. Sugars can play an instrumental role in increasing solubility, taste masking, dissolution, and drug delivery, which can drive its market.

The Market is significantly driven by the increasing demand for pharmaceutical products due to the COVID-10 virus outbreak. The development of the COVID-19 vaccine was one of the major drivers for this market growth. Many key organizations capitalized on the opportunities that arose during the pandemic and witnessed significant growth.

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Excipients Market Report Highlights

• The global excipients demand exceeded 776,000 tons in 2021 and is expected to grow at a moderate rate from 2022 to 2030
• Owing to high market demand, polymer excipients accounted for the largest revenue share in 2021 and the segment can be anticipated to dominate the market for the coming years as well
• The global demand for sugars excipients was valued at over USD 1.85 billion in 2021 and is anticipated to witness significant growth over the coming years
• The Europe polymers market was pegged at 230,500 tons in 2021 and is estimated to reach a total volume of over 328,000 tons by 2030
• The market in Asia Pacific is projected to witness substantial growth over the course of the forecast period thanks to several development projects undertaken across major economies, especially in newer excipients markets. The regional market is expected to register a CAGR of 6.6% from 2022 to 2030

List of Key Players in the Excipients Market

• Eastman Chemical Corporation
• P&G Chemicals
• Avantor Performance Materials, LLC
• Huntsman Corporation
• BASF SE
• Ashland Inc.
• FMC Corporation
• Roquette
• Colorcon Inc.
• Lubrizol Corporation
• Valeant
• JRS Pharma
• Shin-Etsu Chemical Co., Ltd.
• DFE Pharma
• Finar Limited

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Cannabis Cultivation Market Segmented On The Basis Of Biomass, Application, Region And Forecast To 2022 To 2030 Grand View Research Inc.

San Francisco, 31 Oct 2022: The Report Cannabis Cultivation Market Size, Share & Trends Analysis Report By Biomass (Hemp, Marijuana), By Application (Medical Consumption, Recreational Consumption), By Region, And Segment Forecasts, 2022 – 2030

The global cannabis cultivation market size is expected to reach USD 1,844.1 billion, expanding at a CAGR of 21.4% from 2022 to 2030, according to a new report by Grand View Research, Inc., Growing legalization and adoption of cannabis for the treatment of chronic diseases is positively impacting the market growth. Furthermore, the liberalization of laws related to hemp and marijuana by various countries is further bolstering revenue growth in the forecast period.

Furthermore, while the authorities imposed lockdown measures during COVID-19, European consumers hoarded supplies. Between January and March 2020, the value of items sold on Cannazon, a platform for hemp products, reached roughly USD 5.04 million reflecting a volume of 1.6 metric tonnes. In the U.S., a similar increase in sales was observed, with people stockpiling in anticipation of government-mandated shelters. As a result, increased stocks and strong consumer demand, as well as a growth in areas recognizing the product as a necessary commodity for recreational and medical uses, are projected to fuel market expansion throughout the forecast period.

Based on biomass, the hemp segment dominated the market in 2021. Factors contributing to increasing demand include the increasing adoption of hemp and derived products and its growing acceptance among the users due to its low THC content. It is mainly used by people who intend to reap the medical benefits of the plant without getting intoxicated. In addition, positive government reforms regarding the utilization of hemp in many countries are further propelling market growth.

In 2021, the industrial consumption segment accounted for the highest revenue share. This growth is attributed to the growing application of marijuana and hemp in various industries such as pharmaceuticals, personal care and cosmetics, nutraceuticals, and food and beverages. In addition, the growing usage of cannabis and its derivatives as raw material by companies to produce their products is further fueling the growth. For instance, CBD oil and tinctures obtained from the plant are used by pharmaceutical companies for the production of cannabis-infused drugs. Hence, its consumption for various applications boosts the overall growth of the market.

The Asia Pacific is expected to expand at the fastest CAGR in the forecast period owing to the presence of the largest cultivation markets in the region such as China, South Korea, India, and Australia. Furthermore, favorable climatic conditions, increasing awareness about the plant and its medical benefits, and a growing patient pool eligible for medical marijuana treatments are the other factors boosting the growth of the market in the region.

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Cannabis Cultivation Market Report Highlights

• The market is anticipated to witness significant growth owing to the growing legalization and adoption of the hemp and marijuana for the treatment of chronic diseases
• The hemp segment dominated the market in 2021, owing to the increasing adoption of hemp and derived products due to low THC content
• Industrial consumption segment dominated the market in 2021, owing to the growing application of marijuana and hemp in various industries
• In May 2022, Aurora Cannabis Inc. has concluded the purchase of TerraFarma Inc., which will contribute to their Canadian recreational cannabis company and Aurora’s worldwide expertise in the cannabis market.
• In March 2022, HEXO and Tilray Brands Collaborate to Form Strategic Alliance, Uniting Two Canadian Cannabis Industry Leaders
• In December 2021, As part of its continuous development plan, the Company purchased Quebec-based Laurentian Holdings Inc., boosting its presence in Quebec’s second most populated province.

List of Key Players in Cannabis Cultivation Market

• Pacific Cannabis Growers, Inc.
• Atlas Growers
• CannTrust Holdings, Inc
• The Hydropothecary Corporation
• Better Holdings
• Canopy Growth Corporation
• Aphria, Inc.
• Aurora Cannabis
• Tilray
• Organigram Holdings, Inc.
• The Cronos Group

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Brain Health Supplements Market Outlook On The Basis Of Product, Application, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 31 Oct 2022: The Report Brain Health Supplements Market Size, Share & Trends Analysis Report By Product (Natural Molecules, Herbal Extract), By Application, By Region, And Segment Forecasts, 2022 – 2030

The global brain health supplements market size is expected to reach USD 15.74 billion by 2030, registering a CAGR of 8.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth is majorly attributed to the increasing awareness about mental health issues, including memory enhancement, attention, focus, depression, and anxiety. Growing consumer interest in maintaining and improving brain health is driving the demand for brain health supplements.

There has been a rise in the aging/adult population in North America, many of whom are increasingly consuming brain health supplements to reverse or prevent dementia. In June 2021, AARP fielded a survey of adults aged 50 and older about brain health supplements and found that 78% of adults aged 50 and older take a vitamin or dietary supplement, and 21% of adults aged 50 and older take a vitamin or dietary supplement for their brain health, which commonly includes Omega 3 and fish oil.

The memory enhancement segment accounted for the largest share of the global revenue for 2021. Rising competition in the academic sector has fueled the demand for memory enhancers and brain health supplements among students. Increasing preference for natural and herbal extract supplements is expected to generate growth opportunities for key players in the upcoming years. In addition, the product is gaining importance among the aging population, who are suffering from weak memory and Alzheimer’s disease in developed countries of North America and Europe.

The herbal extract segment is expected to grow with the highest CAGR over the forecast period owing to the increasing preference for herbal products. The natural plant-based content in these herbal brain supplement products including curcumin, ginseng, and green tea extracts helps in enhancing and sharpening memory and increasing the oxygen supply to the brain which improves cognitive functions and mental fatigue. According to WHO 2019 report, about 80% of the population of most developing countries rely on traditional herbal medicine for their primary health concerns.

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Brain Health Supplements Market Report Highlights

• North America held the largest segment and is expected to grow at a CAGR of 6.1% during the forecast period owing to the growing concerns regarding mental health among adults and millennials
• Natural molecule held the largest segment and is expected to grow at a CAGR of 8.0% as these are made from concentrated, dehydrated whole foods, which help in enhancing alertness, clarity in thinking, focus and concentration, memory, and even mood
• Depression & mood segment is expected to grow with the highest CAGR as an increasing number of depression-related health issues is expected to surge the demand for the product in upcoming years.

List of Key Players of Brain Health Supplements Market

• Teva Pharmaceutical Industries Ltd.
• HVMN Inc.
• Purelife Bioscience Co., Ltd.
• Peak Nootropics
• AlternaScript
• Natural Factors Nutritional Products Ltd.
• Reckitt Benckiser Group plc.
• Onnit Labs, Inc.
• NOW Foods

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Smart Home Security Camera Market Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 31 Oct 2022: The Report Smart Home Security Camera Market Size, Share & Trends Analysis Report By Product (Wired, Wireless), By Application (Doorbell Camera, Indoor Camera, Outdoor Camera), By Region, And Segment Forecasts, 2022 – 2030

The global smart home security camera market is expected to reach USD 30.10 billion by 2030, registering a CAGR of 18.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. Rapid growth in smart home penetration across North America is positively impacting the demand for smart home security cameras.

The rapid adoption of IoT in smart homes is also supporting market growth. Consumers are shifting from traditionally mountable Wi-Fi cameras to the deployment of smart home security cameras to increase the security of their premises. These advanced smart home security cameras offer several benefits, which boost their installation in many households across the region. The ease of installation and easy availability of smart home security cameras drive the product demand.

In September 2021 Blink launched a new USD 50 video doorbell. The Blink Video Doorbell is wired as well as wire-free and works with Amazon’s voice assistant Alexa. The new Blink Video Doorbell is a first-of-its-kind device from the security brand. It has 1080p resolution, two-way talk, and, most interestingly, up to two years of battery life.

The wireless product segment is the fastest-growing segment over the forecast period. This is a result of the increase in the availability of wireless products offered by major players in the market. Moreover, wireless smart home security camera offers varied advantages including easier set-up and customizable, among others.

The market is fragmented at the global level with a major share occupied by Vivint Smart Home Inc., ADT LLC, Arlo Technologies, Inc., and others. Key players operating in the market are implementing strategic initiatives such as acquisitions to drive their companies’ growth in the future as well as to solidify their positions in the market. These strategies also help in increasing their geographical reach, cutting down competition, and gaining additional share in the market. For strategic and financial buyers alike, the most attractive M&A targets will have strong leadership including a deep bench of rising, future leaders.

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Smart Home Security Camera Market Report Highlights

• Smart home security camera is anticipated to grow at the rate of 18.7% from 2022 to 2030, with the higher demand for smart home products with the increasing growth of smart homes globally.
• Wireless segment is anticipated to grow at the fastest rate over the forecast period, owing to greater storage space for surveillance videos because of cloud storage spaces incorporated in the devices.
• The North America market is anticipated to grow with the fastest CAGR during the forecast period. The rising construction of smart homes a combination of luxury and convenience is boosting the demand for smart home security cameras.

List of Key Players in Smart Home Security CameraMarket

• Vivint Smart Home, Inc.
• ADT LLC
• Simplisafe, Inc.
• Brinks Home Security
• iSmart Alarm, Inc.
• Live Watch Security LLC
• Skylinkhome
• Protect America, Inc.
• SAMSUNG ELECTRONICS Co., LTD.
• Frontpoint Security Solutions, LLC
• Arlo Technologies, Inc.
• Nest Labs
• Wyze Labs, Inc.
• Blink
• Ring LLC

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Malaria Diagnostics Market Trends Analysis Report By Technology, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 28 Oct 2022: The Report Malaria Diagnostics Market Size, Share & Trends Analysis Report By Technology (Microscopy, Rapid Diagnostic tests, Molecular Diagnostic Tests), By Region, And Segment Forecasts, 2022 – 2030

The global malaria diagnostics market size is projected to reach USD 1.2 billion by 2030, expanding at a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Rising prevalence of the tropical disease in endemic countries, development of novel diagnostic techniques, and rising investments by regional governments and private investors are expected to propel market growth. Malaria is one of the most widespread life-threatening diseases, commonly occurring in the tropical and subtropical regions due to changing climate, low economic growth, underdeveloped healthcare infrastructure, and lack of access to advanced treatment. 

Increasing number of government initiatives and investments by market participants are also anticipated to fuel market growth in the near future. Use of antimalarial treatments options that were abundantly available in the African region were used for the management and control of spread during the COVID-19 pandemic. The market noticed a significant boost during the COVID-19 outbreak owing to the ever-increasing malaria cases in addition to the COVID-19 virus.

A large number of malarial elimination programs are being undertaken by major companies to reduce the disease prevalence. For instance, Novartis’s Malaria Initiative was aimed at facilitating malaria elimination and control. Along with various organizations, the company has provided non-profit treatment to 750 million people across 60 countries. Thus, such initiatives are anticipated to facilitate the development of novel technologies and aid in market penetration. 

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Malaria Diagnostics Market Report Highlights 

• Conventional usage of microscopic examination for detection of malarial parasite has driven the microscopy technology segment
• RDTs are anticipated to account for the largest revenue share owing to ease of usage, convenience, and rapid diagnosis
• The molecular diagnostic tests segment is projected to be the fastest-growing technology segment during the forecast period owing to their accuracy and capability of detecting low parasite count
• Africa led the market in 2021 due to high disease incidence and increased adoption of various malarial diagnostic techniques in the region
• Southeast Asia also held a considerable revenue share in 2018 owing to high disease reoccurrence and initiatives undertaken to curb malarial incidence 

List of Key Players in Malaria Diagnostics Market

• Access Bio., Inc.
• Abbott Laboratories
• Premier Medical Corporation Pvt. Ltd.
• Sysmex Partec GmbH
• bioMérieux
• Beckman Coulter, Inc.
• Siemens Healthineers
• Leica Microsystems GmbH
• Nikon Corporation
• Olympus Corporation
• Bio-Rad Laboratories, Inc.

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Downstream Processing Market Focusing On The Basis Of Product, Technique, Application, Region And Forecast 2030 : Grand View Research Inc.

San Francisco, 27 Oct 2022: The Report Downstream Processing Market Size, Share & Trends Analysis Report By Product (Chromatography Systems, Filters), By Technique (Formulation, Concentration), By Application, And Segment Forecasts, 2022 – 2030

The global downstream processing market size is expected to reach USD 94.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.0% from 2022 to 2030. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high-potency products. This creates new avenues for single-use technologies. A rise in the utilization of downstream processing techniques for the development of COVID-19 vaccines is a significant factor driving the market. The adoption of small-scale, single-use systems for process development and downstream processing is already high.

Thus, evolutionary changes are expected in the area of single-use technologies for manufacturing small-volume, highly-potent drugs. The development of novel film chemistries, closed systems, automation in clinical-scale single-use systems, and smart sensors are some noteworthy advancements in the field. A rise in applications of downstream processing for the production of biopharmaceuticals is expected to bring growth opportunities to the market. This has also led to an increase in strategic deals and development in the market. For instance, in February 2021, Evozyne, LLC collaborated with a leading rare disorders drug manufacturer for the production and marketing of novel biopharmaceuticals for immune modulation.

Key players are investing in the bioprocessing of vaccines and therapies for COVID-19 to increase their market share. For instance, in May 2022, Lonza and ALSA Ventures are partnering to provide biotech firms with development and manufacturing services. In May 2022, Lonza added Titanium Dioxide-free white hard gelatin capsules to its Capsugel Capsule Line. The new capsule includes an alternative opacifying technology that provides a good masking solution as well as enhanced light protection for the fill formulation. In December 2021, Repligen bought Newton, New Jersey-based BioFlex Solutions. The purchase adds to and enhances Repligen’s single-use fluid management product line, as well as simplifies its supply chain. The integration of BioFlex Solutions strengthens its system offering by further integrating components and assemblies.

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Downstream Processing Market Report Highlights

• Chromatography systems accounted for the largest revenue share in 2021 owing to the high adoption of chromatography for biopharmaceutical purification
• The advent of single-use chromatography systems that bring an 80.0% reduction of the use of water and chemicals for buffer has further increased the adoption of chromatography for downstream processing of bio-therapeutics
• Filters are anticipated to grow at a lucrative rate over the forecast period. Efforts undertaken by the key players to develop intelligent membranes for purification & separation is fuelling the market growth
• Purification by chromatography accounted for the largest revenue share as it can be employed across all steps of a downstream process. The technique is also crucial in bioprocessing to obtain pure biologics
• Antibiotic production dominated the market in 2021 owing to the wide use of antibiotics for the treatment of a variety of clinical disorders including infectious diseases and cancer
• A rise in occurrences of antibiotic resistance also propels the industrial-scale development of novel antibiotic candidates
• North America dominated the global market in 2021 owing to the presence of large in-house biopharmaceutical manufacturing facilities
• Asia Pacific will register the fastest CAGR from 2022 to 2030 due to a rise in contract development services in emerging economies

List of Key Players in Downstream Processing Market

• GE Healthcare
• Merck KGaA
• Sartorius Stedim Biotech S.A.
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Repligen
• 3M Company
• Eppendorf AG
• Boehringer Ingelheim International GmbH
• Corning Corporation
• Lonza Group Ltd
• Dover Corporation
• Ferner PLC
• Ashai Kasei

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Flywheel Energy Storage System Market Segment Analysis By Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 27 Oct 2022: The Report Flywheel Energy Storage System Market Size, Share & Trends Analysis Report By Application (UPS, Distributed Energy Generation, Transport, Data Centers), By Region, And Segment Forecasts, 2022 – 2030

The global flywheel energy storage system market size is expected to reach USD 737.99 million, registering a CAGR of 9.8% during the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. The rise in climate change issues and environmental concerns led various countries, around the world, to reduce their carbon footprint for power generation and transportation sector and to opt for cleaner and green energy technologies owing to the demand for flywheel energy storage is growing in its specific application segments.

The data center is the highest penetration application segment in the flywheel energy storage market due to the growing demand for energy storage devices, in order to overcome the risk of interruptions at the main power supply. UPS, with the second-highest penetration, is one of the most important application areas of flywheel energy storage systems. The growing demand for uninterrupted power supply from industries across various sectors is driving the market for UPS.

During the forecast period, the penetration of the distributed energy generation segment is projected to grow at the highest rate. This method of power generation helps in cost reduction as the power is generated at the point of consumption. Besides, the generation of power on-site eliminates inefficiencies and complexities associated with transmission and distribution.

The North America region is leading the market in 2021. The North American flywheel energy storage market is characterized by growing demand for UPS systems, to maintain a continuous supply of power for commercial and industrial applications.

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Flywheel Energy Storage System Market Report Highlights

• In terms of revenue, the other segment of flywheel wheel energy storage system accounted for a prominent share in the market during 2021 and is further expected to witness steady growth during the forecast period
• As of 2021, the Asia Pacific accounted for about 4.66% revenue share in the overall market. Asia Pacific region is prone to frequent power cuts, and energy storage systems in applications such as UPS and data centers are of utmost importance here, in both, the commercial as well as residential sectors
• Germany is known as the automobile and engineering hub of Europe. Some of the major automobile manufacturers such as Volkswagen, Mercedes Benz, and Porsche are headquartered in this country. Thus, the growing automobile industry is one of the biggest drivers of the flywheel energy storage market in Germany

List of Key Players in the Flywheel Energy Storage System Market

• Langley Holdings plc
• Amber Kinetics, Inc.
• Stornetic GmbH
• POWERTHRU
• Energiestro
• VYCON, Inc.
• Bc New Energy (Tianjin) Co., Ltd. (BNE)
• Beacon Power, LLC
• PUNCH Flybrid
• Kinetic Traction Systems, Inc.

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Small Wind Market Outlook On The Basis Of Application, Axis Type, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 27 Oct 2022: The Report Small Wind Market Size, Share & Trends Analysis Report By Application (Off Grid, On Grid), By Axis Type (Horizontal Axis, Vertical Axis), By Region And Segment Forecasts, 2022 – 2030

The global small wind market size is expected to reach USD 2.54 billion by 2030, expanding at a CAGR of 9.2% during the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is propelling the market growth. Increasing global population coupled with rising energy deficit are some of the factors anticipated to positively influence the market. In addition, the gradual reduction in per kilowatt prices along with affordable installation prices of wind turbines for electricity demand will favor the business growth.

Stringent government regulations are encouraging grid connectivity to reduce the burden on the use of non-renewable sources for electricity generation. Numerous financial and economic benefits including Feed-in-Tariffs (FiT), Production Tax Credit (PTC), and Investment Tax Credit (ITC) among others are expected to augment the market growth over the forecast period. The COVID-19 pandemic impacted several industries as they were impacted due to the lockdown imposed in many countries. As the industrial operations stopped due to the pandemic, the market experienced a significant dip in 2020 owing to the reduction in energy consumption. This was further attributed to the disruptions of the supply chain & delays or postponement of wind projects in the renewable industry.

The off-grid application segment accounted for 59.7% of the global market share in 2021. The demand for off-grid wind turbines can be attributed to the long-standing conventional methods of harnessing this energy for electrification, however, this segment is set to witness a decline due to the government initiatives launched to boost grid connectivity. Such regulatory initiatives are expected to boost the demand for on-grid small wind applications over the forecast period.

Horizontal Axis Wind Turbines (HAWT) are the preferred axis type in the global small wind market given the ease in installation coupled with affordable pricing. However, the increasing demand for Vertical Axis Wind Turbine (VAWT) from a large number of consumers is expected to boost the market growth of this segment in upcoming years.

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Small Wind Market Report Highlights

• The small wind market is anticipated to witness a growth of over 9.0% from 2022 to 2030 on account of increasing awareness about emission-free renewable energy. Vertical Axis Wind Turbine (VAWT) is expected to grow at the fastest rate in terms of revenue, registering a CAGR of 11.0%, during the forecast period owing to its innovative design and energy efficiency
• Europe region is predicted to witness substantial growth and captured a 43.2% market share in 2021 owing to the increasing need to control the region’s carbon footprint
• Europe is expected to maintain its position over the forecast period. This is attributed to changing perceptions toward the adoption of renewable energy. Large-scale investments along with high consumer awareness are predicted to drive the market by 2030. The abundant availability of onshore and offshore regions for wind turbine installation options is augmenting the growth of the regional market.

List of key players in Small Wind Market

• City Windmills
• Envergate Energy AG
• dibu Wind production GmbH
• Kingspan Group
• superwind GmbH
• Kliux Energies
• Bergey Windpower Co.

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Silicone Elastomers Market Outlook On The Basis Of Product, Application, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 25 Oct 2022: The Report Silicone Elastomers Market Size, Share & Trends Analysis Report By Product (HTV, RTV, LSR), By Application (Consumer Goods, Construction, Automotive & Transportation), By Region (Europe, APAC), And Segment Forecasts, 2022 – 2030

The global silicone elastomers market size is expected to reach USD 11.16 billion by 2030, registering a CAGR of 8.8% over the forecast period, according to a new study by Grand View Research, Inc. Superior quality over conventional elastomers makes it ideal for industrial usage, thereby positively affecting the overall industry. End-use industries, such as construction, automotive, and electrical & electronics, are expected to witness rapid growth over the forecast period. Silicone elastomers are widely used in the medical and healthcare industries. Silicone elastomers have quickly acquired popularity in the medical and healthcare industries, from medical equipment to drug delivery systems. Favorable features, such as inertness, high permeability, ease of processing, and low toxicity contribute to this acceptability.

With a rising population, the medical sector has been under immense pressure to meet the rising healthcare demand. Moreover, the aging population in certain countries of the world, such as North America, is expected to put a burden on the medical and healthcare business throughout the projection period. Construction was a dominant application segment in 2021. It was followed by the automotive and electrical & electronics segments, which held 23.8% and 13.8% shares, respectively, in the same year. The electrical & electronics segment is expected to grow at the fastest CAGR from 2022 to 2030. The electronics end-use segment is expected to witness a significant growth rate during the forecast period. Silicone elastomer is used to enclose electronic components to increase their stability against vibration, shock, and radiation.

Thus, it helps enhance durability, thereby, boosting the overall performance of the device under extreme conditions, such as zero gravity and low-pressure areas. Factors, such as expanding population, increasing disposable income of the middle-class population, and digitalization are creating significant growth opportunities for the electronics industry. This, in turn, is expected to boost product demand over the forecast period. Key companies are constantly engaged in mergers & acquisitions, developing new products, and other techniques to enhance their market share. For instance, in November 2021, Momentive Performance Materials Inc. acquired KCC Corp.’s silicone business in the U.K. and Korea as well as the sales operations in China. This agreement will enable Momentive Performance Materials Inc. to further expand its global footprint across advanced silicones.

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Silicone Elastomers Market Report Highlights

• In 2021, Asia Pacific was the largest revenue-generating region due to rapidly growing economies, such as India, China, and South Korea
• Moreover, leading players are shifting their manufacturing bases to Asia Pacific on account of the availability of cheap labor. This is expected to drive the regional market during the forecast period
• Liquid Silicone Rubber (LSR) was the largest product segment in 2021 and is anticipated to expand further at a steady CAGR retaining the dominant position throughout the forecast period
• LSR uses only additive curing with platinum and is compatible with temperatures ranging from -60°C to 250°C, owing to which, it is widely used in the production of complex and small-size elastomeric parts for automotive & medical devices
• In March 2022, Shin-Etsu Chemical Co., Ltd. developed a new vulcanization type of one-component LSR under the recently introduced KCP series product line. The new product is superior in vulcanization attributes and safety

List of Key Players in Silicone Elastomers Market

• China National BlueStar (Group) Co., Ltd.
• Dow Inc.
• KCC Corp.
• Shin-Etsu Chemical Co., Ltd.
• Wacker Chemie AG
• MESGO S.p.A.
• Specialty Silicone Products, Inc.
• Stockwell Elastomerics, Inc.
• Momentive Performance Materials, Inc.
• Reiss Manufacturing, Inc.
• CHT Germany GmbH

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Inhalation Anesthesia Market In-Depth Research On Basis Of Drug, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 25 Oct 2022: The Report Inhalation Anesthesia Market Size, Share, And Trend Analysis By Drug (Sevoflurane, Isoflurane, Desflurane), By Application (Induction, Maintenance), By End-Use (Hospitals, Ambulatory Surgical Centers) By Region, And Segment Forecasts, 2022 – 2030

The global inhalation anesthesia market size is expected to reach USD 2.4 billion by 2030 and is expected to expand at a CAGR of 9.0% in the forecast period, from 2022 to 2030, according to a new report by Grand View Research, Inc. Inhalation anesthetics offer shorter induction period and recovery time along with better efficacy and lesser adverse effects as compared to other alternatives, thus providing better anesthetic effect during surgical procedures. They also provide excellent control over the duration of anesthesia in the patient. Thus, inhalation anesthesia is being preferred over intravenous anesthesia due to these advantages.

Drugs administered through inhalation anesthesia have a quick onset of action even at low dose as compared to intravenous anesthesia. Using inhalation route for administration helps avoid excessive dosage and keeps the patient’s autonomic functions intact. As these drugs are eliminated via lungs, they have lower chances of accumulation in the body. Hence, they result in lower risk of hepatotoxicity. In addition, drugs administered through inhalation route have limited tolerance and addiction level as compared to other alternatives routes.

With the launch of innovative respiratory products such as AnaConDa (Anaesthetic Conserving Device), administration of inhalation general anesthetic agents such as sevoflurane, isoflurane, & other agents have become easier. Inhalation anesthesia is considered to be the best alternative for patients who are on ventilation for more than 24 hours as it becomes easy to monitor the patient’s health.

Major concern associated with anesthetic gas is that only 5% account for patient use and the rest 95% is released in the atmosphere, which leads to greenhouse effect of these gases. The comparative analysis of sevoflurane, isoflurane, and desflurane based on atmospheric time span and global atmospheric concentrations indicates that desflurane poses a high potential threat for environment.

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Inhalation Anesthesia Market Report Highlights

• Sevoflurane held the largest market share in 2021 due to the fact that its pharmacokinetics and pharmacodynamics leads to many advantages over other alternate inhaled anesthetic agents available.
• Desflurane, alone or in combination with nitrous oxide or other inhalation anesthetic agents is used in various surgical procedures owing to its rapid onset of action and elimination rate; therefore, driving the segment demand.
• There have been many complications reported with halothane, for instance, halothane-induced hepatitis; therefore, this anesthetic agent has been discontinued in the majority of the western countries.
• North America dominated the market in 2021 due to the high demand for sevoflurane and desflurane in the region. Key companies are also undertaking various strategic initiatives that has led to their high revenue growth in the U.S.
• China is the largest economy in Asia Pacific. It is a country with the maximum population in the world, hence having a large patient pool for surgeries. A large number of surgeries being performed along with the presence of a large patient pool is anticipated to boost the market over the forecast period.

List of Key Players of Inhalation Anesthesia Market

• Halocarbon Products Corporation
• Baxter
• AbbVie
• Lunan Pharmaceutical Group
• Piramal Enterprises Ltd.
• Sandoz International GmbH (Novartis)
• Fresenius Kabi Ag

Access Press Release of Inhalation Anesthesia Market @ https://www.grandviewresearch.com/press-release/global-inhalation-anesthesia-market