Online Dating Market Trends Analysis Report By Platform, Revenue Generation, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Online Dating Market Size, Share & Trends Analysis Report By Platform (Application, Web Portals), By Revenue Generation (Subscription, Advertisement), By Region, And Segment Forecasts, 2022 – 2030

The global online dating market size was estimated at USD 16.4 billion by 2030 and is expected to expand at a CAGR of 6.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The key growth factors of the market include the growing subscribers of online dating mobile applications such as Match Group, Bumble, and others coupled with the rising number of smartphones across the globe. The total subscriber of the Match group increased to 10.4 million in 2020. The Match Group operates various online dating apps such as Tinder, Hinge, and others that contributed significantly to the market growth. However, the rising number of online frauds across the globe is further projected to hamper the market growth during the forecast period.

The online dating market experienced a significant increase in the overall revenue of online dating platforms and apps owing to the rising trend of online dating applications due to COVID-19 restrictions and lockdown. Additionally, under the lockdown conditions imposed in some countries owing to the pandemic, many people prefer online dating platforms in their free time. For instance, one of the leading online dating service provider Bumble Inc accounted a significant increase in paying users to 2.5 million in 2020 as compared to 2.0 million paying users in 2019.

The count of singles across the globe has been increasing lately. These individuals have a defined set of characteristics that they are looking for, their other individual and online dating enable them to find people with such characteristics. Due to this, the adoption of online dating is increasing among these individuals and thus contributing to market expansion. Furthermore, various features are being added to online dating along with the integration of new technology which helps the service provider to enhance the user experience and meet customer expectations thus further driving the market growth.

The application segment of the platform is forecast to register the highest growth rate of 7.1% over the forecast period. The growth of the market is attributed to the advancements in smartphone-based online dating app security features. This has resulted in the widespread usage of smartphone-based online dating apps such as Tinder, Bumble app, Badoo app, and others across different socio-economic classes. Furthermore, the rising penetration of smartphone users coupled with growing internet availability in emerging economies is projected to provide significant growth opportunities in the near future.

Based on revenue generation, the market is segmented into subscriptions and advertisements. Subscription is anticipated to grow at a significant CAGR during the forecast period. Based on subscription, the online dating application market is further sub-segmented into age, gender, and type. Based on gender, the online dating application market is segmented into males and females. The women segment is expected to have a higher growth rate because women now feel much safer and less hesitant to use dating platforms. The primary reason for that change is the growing number of rules and regulations around safe dating for both men and women.

Europe is estimated to hold a significant market share of more than 20% in 2021. Well-developed countries such as Germany, the U.K., and France positively contributed to the market revenue. The high market share can be credited to the strong presence of the young population and online dating platforms in the region, and the long-existing demand for online dating apps. Additionally, higher GDP, per capita income, and per capita spending on online dating platforms in European countries altogether result in a strong user base and increased adoption of online dating portals and apps across the region.

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Online Dating Market Report Highlights

• North America dominated the online dating market with a revenue share of over 35% in 2021. This can be attributed to the presence of key and well-recognized players across the region.
• The application sub-segment of the platform segment is forecast to register the highest CAGR from 2022 to 2030. A significant rise in the use of smartphones and easy internet access, coupled with the significant development of online dating apps drives the application segment growth.
• By revenue generation, the subscription segment accounted for the largest revenue share of 63.1% in 2021. By subscription, the 26-34 years age group is expected to expand at the fastest CAGR during the forecast period. This is attributed to the growing young population inclined towards using dating applications and the increasing single population due to growing divorce rates in Europe and North America. According to Tinder statistics, the U.S. registered the highest number of users accounting for 7.8 million, followed by 5 million users from the U.K.
• The quarterly subscription accounted for the largest revenue share in 2021 and is anticipated to continue its dominance in upcoming years. The growth is attributed to the fact that quarterly subscriptions give the users the right time to decide whether they want to continue with premium and whether it is worth their time or money.
• The Asia Pacific is anticipated to witness the fastest growth owing rise in the number of online meetings, messaging, and marriages and increases in the number of users across the region. India and China are the dominating markets, as a growing trend of online dating coupled with changing lifestyles is driving the market growth in the region. Also, the pandemic has surged the usage of dating apps in India. Most youngsters rely on dating apps to find love and companionship by using video calls rather than meeting to get to know each other. As per industry analysis, in India, there was a 3X times increase in the user base across dating apps during Covid-19.
• Key players in the online dating market include Bumble Inc., Cupid Media Pty Ltd., Match Group, LLC (Tinder), Elite Singles, Grindr LLC, Spark Networks, Inc., eHarmony, Inc., rsvp.com.au Pty Ltd., The Meet Group, Inc, Coffee Meets Bagel, and The League App, Inc.

List of Key Players in the Online Dating Market

• Match Group, LLC (Tinder)
• Bumble Inc.
• Grindr LLC
• eHarmony, Inc.
• Spark Networks, Inc.
• The Meet Group, Inc
• com.au Pty Ltd.
• Coffee Meets Bagel
• Cupid Media Pty Ltd.
• Elite Singles
• The League App, Inc.

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Payday Loans Market Segmented On The Basis Of Type, Marital Status, Customer Age, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Payday Loans Market Size, Share & Trends Analysis Report By Type (Storefront Payday, Online Payday), By Marital Status (Married, Single), By Customer Age, By Region, And Segment Forecasts, 2022 – 2030

The global payday loans market size is anticipated to reach USD 6.8 billion by 2030, registering a CAGR of 3.8% during the forecast period, according to a new report by Grand View Research, Inc. Demand for payday loans is likely to grow owing to advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and analytics being adopted by payday lenders.

COVID-19 had a negative impact on the payday loans market. According to The Washington State Department of Financial Institution’s, 2020 payday lending report, the total number of payday lending locations in Washington, U.S. reduced by 20.5% from 2019 to 2020. Moreover, the volume of payday loans also saw a reduction. People became cautious spenders owing to the economic slowdown caused by COVID-19. Moreover, some governments, such as the U.S. government, provided relief packages to help people during financially stressful condition, reducing demand for payday loans.

Many payday loan market players offer payday loans online with a simple online application process. It helps them improve the overall customer experience. Moreover, these players use advanced technologies such as AI/ML and analytics to improve the overall process. Some market players, such as the U.S.-based Speedy Cash and Title Max, have mobile applications through which their customers can manage their loans. U.S.-based Enova.com’s Colossus platform is driven by AI/ML-enabled analytics.

Access Research Report of Payday Loans Market @ https://www.grandviewresearch.com/industry-analysis/payday-loans-market-report

Payday Loans Market Report Highlights

• In terms of type, the storefront payday loans segment accounted for the maximum revenue share of 53.7% in 2021. This can be attributed to the presence of numerous payday lending stores. The online payday loans segment is likely to expand at the highest CAGR of 4.2% during the forecast period. This is due to the digitalization across the Banking, Financial Services, and Insurance (BFSI) sector
• Based on marital status, the single segment dominated the market with a share of 63.7% in 2021 and is also expected to expand at the highest CAGR of 4.0% during the forecast period. This can be attributed to the generally single source of income for the singles, divorced, and widowed parents which are more likely to use a payday loan as compared to married parents. The married segment accounted for a revenue share of 36.3% in 2021 and is expected to develop by a significant CAGR during the forecast period
• Based on customer age, the 31- 40 segments dominated the market with a share of 28.1% in 2021 and are expected to develop by a CAGR of 3.9% during the forecast period. This can be attributed to generally more financial responsibilities for the customers in this age group. The 21-30 segments are expected to develop the highest CAGR of 4.8% during the forecast period
• North America held the largest share of 31.0% in 2021 and is expected to retain its position throughout the forecast period. This can be attributed to the presence of numerous direct payday lenders in the region. Moreover, developed technology infrastructure is aiding the growth of the market in the region. The Asia Pacific region is anticipated to expand at the highest CAGR of more than 5.0% during the forecast period owing to the developing technology infrastructure
• In August 2021, Credit star Group’s subsidiary, Credit star Czech s.r.o, launched Monefit in the Czech Republic. Customers can finance their everyday expenses and purchases with Monefit Credit Line and Monefit Split products. Customers can pay in three installments instead of paying large amounts at once without hidden fees or any interest. This would help Credit star to increase its market share in the region

List of Key Players in Payday Loans Market

• Title Max
• Cash Money
• Check City Online
• Lender
• Fast Loan UK
• Speedy Cash
• GAIN Credit
• Cash float
• Credit star Group
• Payday

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Social Networking App Market Segmented On The Basis Of Marketplace Type, Device Type, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Social Networking App Market Size, Share & Trends Analysis Report By Market Place (Google Play Store, Apple IOS Store, Microsoft Store), By Device Type, By Revenue Source, By Region, And Segment Forecasts, 2022 – 2030

The global social networking app market is expected to reach USD 267.7 billion by 2030, growing at a CAGR of 23.6% from 2022 to 2030, according to the new report by Grand View Research, Inc. The market growth is attributable to the growing demand for digital marketing services across the globe. Rapidly growing demand for inbound marketing strategies in emerging economies such as China and India is bolstering business growth.

Additionally, the digital revolution across the world is supplementing market growth. Moreover, the surge in the adoption of live streaming-based content apps in North America is propelling market growth. According to Pew Research Center, 68% of U.S. users are accessing Facebook through their mobiles. Rising demand for paid advertising services in the U.K. is anticipated to boost market growth.

Social media is an excessive catalyst to drive the website of personal business. Key players are focusing to provide text-to-speech features for social networking apps. The prime key players are offering multiple language support with an advanced user interface. Multiple companies are providing biometric traits to improve security concerns. Low-latency modes with near-field communication are propelling the market growth.

Apple iOS Store segment will register the highest growth in the forecast period. This can be attributed to the growing demand for virtual social platforms from the consumers of the U.S. and U.K. Additional security concerns and real-time threat notifications features are refueling the business growth. Easy video management, portraits with studio light, and automatic updates are reflecting the significant market growth during the forecast period.

The smartphone segment will register the highest growth in the forecast period, which can be attributed to the growing use of smartphones across the globe. The most popular mobile device worldwide is a smartphone that can run apps and connect to the internet. Social networking apps like Instagram, Facebook, Snapchat, and WhatsApp, among others, are popularly used on smartphones. As internet access and smartphone use expand worldwide, which in turn is boosting the social networking app market growth.

Asia Pacific made the largest contribution to the global social networking app with over 45.3% share in 2021 due to the rising demand for high-quality snap filters from the consumer the China and India. The rising trend in China to adopt hyperlapse integrations is propelling market growth. The market share of India is driven by the rising demand for voice navigation-based social networking apps.

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Social Networking App Market Report Highlights

• The google play store segment accounted for the highest market share of 53.8% in 2021. The growth can be attributed to the increasing number of social networking apps available on the Google Play store.
• The smartphone segment accounted for the highest market share of 57.1% in 2021. The segment’s growth can be attributed to the growing penetration of smartphones globally. As most of the social networking apps are supported by smartphones with internet access in turn boosts the market growth.
• The advertising segment accounted for the highest market share of 64.4%in 2021. Companies generate most of their revenue from advertising. Further, advertising on social media apps will help the users in building the brand, improve the conversion rates, and reach new customers among others.
• The Asia Pacific regional market is anticipated to hold the largest market share of more than 45% in 2021. The regional growth can be attributed to the growing demand for AI-powered social networking apps for business networking.
• Europe is projected to witness a CAGR of 28.7% from 2022 to 2030. Soaring demand for machine learning-based chat services in the U.K. is estimated to escalate the market growth over the forecast period.
• Prominent players in the market include Reddit, Meta, Twitter, Meet Up, Tapebook, Tumblr, Viber, Whisper, Line, and Yubo.

List of Key Players in Social Networking App Market

• Reddit
• Meta
• Twitter
• Meet Up
• Tapebook
• Tumblr
• Viber
• Whisper
• Line
• Yubo 

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Enterprise Software Market Focusing On The Basis Of Software, Deployment, Enterprise Size, End-Use, Region And Forecast 2030 : Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Enterprise Software Market Size, Share & Trends Analysis Report By Software (Customer Relationship Management, Enterprise Resource Planning), By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2022 – 2030

The global enterprise software market size is expected to reach USD 517.26 billion by 2030, expanding at a CAGR of 11.5% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The market growth can be attributed to increasing focus of various end-use organizations on digitalizing their business operations, high demand for data-driven decision-making tools, and increasing adoption of cloud computing and data analytics technologies. With enterprise software, organizations are automating various daily tedious tasks, improving their marketing and sales divisions to increase client conversion rates, and modifying business processes to meet evolving market needs. Due to this, demand for enterprise software is expected to increase notably in the forecast period.

The growing number of e-commerce companies and various companies’ preference for enhancing their digital channel interfaces to improve the consumer experience are expected to drive the market in the retail sector. The industry players are strengthening their retail technology solution portfolio to bring innovations in retail-specific enterprise software. For instance, in August 2020, enterprise software provider, Aptean, acquired the product lifecycle management division of retail technology solution company, Aptos. This acquisition will help Aptean expand its cloud-based enterprise software offerings for fashion, luxury, and other retail industries. Moreover, in April 2022, Software AG acquired software services provider, StreamSets for an undisclosed amount. The acquisition will enable Software AG to manage its clients’ data transfer between cloud data platforms, on-premise applications, and other legacy data stores.

Growing demand for enterprise software is encouraging startups to enter this potential industry. The startups are focusing on offering enterprise software at reasonable costs and raising funds to improve their global networks and consumer base. For instance, in March 2022, Locofy.ai, an enterprise software company, raised USD 3 million in a funding round organized by various investing firms such as Boldcap, Golden Gate Ventures, Accel, and January Capital. The company will utilize this funding to expand its software development team and R&D capabilities. Moreover, in July 2022, ElevateHQ, a Business-to-Business (B2B) software provider, raised USD 1.1 million in a funding round of a financial company, Leo Capital. Such an initiative by startups will create a positive outlook for the market in the forecast period.

Access Research Report of Enterprise Software  Market @ https://www.grandviewresearch.com/industry-analysis/enterprise-software-market

Enterprise Software Market Report Highlights

• The enterprise resource planning software segment is anticipated to expand at a CAGR of 10.7% from 2022 to 2030. Increasing supportive initiatives by the government for digital technologies and the high usage of ERP tools for streamlining the business processes for effective resource utilization is expected to fuel the segment growth from 2022 to 2030
• The cloud deployment segment is expected to register a CAGR of 13.6% from 2022 to 2030 owing to advancements in cloud technologies and reasonable subscription plans introduced by market players. The cloud-based enterprise software offers better working flexibility, a creative user interface, and low operating costs, supporting the market trend
• The small and medium enterprise (SMEs) segment is expected to expand at a CAGR of 13.2% from 2022 to 2030. SMEs are notably adopting enterprise software to reduce their maintenance and inventory costs and improve their workflow capability for better internal collaborations
• The healthcare segment is anticipated to expand at a CAGR of 13.6% from 2022 to 2030. Intense competition between pharmaceutical equipment firms, rising focus on improving the remote medical treatment ecosystem, and high growth in the pediatric and geriatric populations are creating a favorable environment for enterprise software in the healthcare sector
• Asia Pacific is expected to register a CAGR of 13.4% from 2022 to 2030 owing to the significant penetration by global market players, remarkable technological advancements in the software industry, and emerging startups in various countries such as India, Singapore, Australia, Japan, and Thailand

List of Key Players of Enterprise Software Market

• Broadcom Inc. (CA Technologies, Inc.)
• Epicor Software Corporation
• Hewlett Packard Enterprise
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• com, Inc.
• SAP SE
• SYSPRO
• Zoho Corporation Pvt. Ltd.

Access Press Release of Enterprise Software Market @ https://www.grandviewresearch.com/press-release/global-enterprise-software-market

Colombia Hydrogen Generation Market Segment Analysis By Technology, Application, System And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Colombia Hydrogen Generation Market Size, Share & Trends Analysis Report By Systems (Merchant, Captive), By Technology (Steam Methane Reforming, Coal Gasification), By Application, And Segment Forecasts, 2022 – 2030

The Colombia hydrogen generation market size is expected to reach USD 766.97 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 10.6% from 2022 to 2030. The growth can be attributed to the rising demand for cleaner fuel and increasing governmental regulations for the desulphurization of petroleum products. Hydrogen is an effective energy carrier, which is expected to contribute significantly to its further penetration into newer markets. Colombia’s electricity demand is anticipated to witness an increase of nearly two-thirds of the current demand over the forecast period. Focus on projects related to distributed power & utility is anticipated to bolster the demand for hydrogen generation in the country.

The steam methane reforming segment was dominant in 2021 with a revenue share of 95.21% and is expected to continue leading over the forecast period. Steam methane reforming is a method for producing hydrogen, along with other gases including carbon monoxide and carbon dioxide. The steam methane reforming process is a mature and advanced technology in hydrogen generation. The growing demand for hydrogen generation across Colombia is a crucial driving factor for steam methane reformers technology, as steam methane reforming is the most economical method for hydrogen generation.

Based on application, the ammonia production segment led the market in 2021 with a share of more than 50.0%. The ammonia segment will keep its lead during the forecast period. The future growth of the hydrogen generation industry is anticipated to have steady growth as application cases for hydrogen increase. For instance, the development of a renewable ammonia project near the city of Barranquilla, on Colombia’s Caribbean coast, has been agreed to by local power company Alumbrado Público Barranquilla (APBAQ) and Colombian fertilizer manufacturer Monómeros. A 350 MW offshore wind farm supported by Copenhagen Infrastructure Partners will power the manufacturing of ammonia and is anticipated to start producing power in 2026. The Colombian government unveiled an ambitious offshore wind energy program in March. The Caribbean coast holds the majority of the 50 GW potential.

Based on systems, the captive generation segment led the market in 2021. Captive generation of hydrogen is defined as on-site generation that abolishes several problems linked to the conveyance and distribution of hydrogen, and therefore the market is expected to grow substantially. Captive hydrogen production is the most commonly used supply route in Colombia and neighboring countries and the region is engaged with small volumes of merchant hydrogen production. The captive generation segment is expected to keep its lead during the forecast period.

Growing investments in smart “energy-saving” residential and commercial buildings are expected to provide an impetus toward the adoption of hydrogen for energy generation. Hydrogen is a financially viable option to investors as they also comply with federal and environmental regulations, catering to the ever-increasing demand for energy. Factors including shifting trends toward cleaner energy and favorable government regulations are contributing to the development of the market for hydrogen generation in Colombia.

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Colombia Hydrogen Generation Market Report Highlights

• In terms of revenue, the steam methane reforming segment accounted for a prominent share in 2021 and is further expected to witness steady growth over the forecast period
• The ammonia production segment accounted for a leading share of more than 50.0% in terms of revenue in 2021
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, The Colombian government has released a Hydrogen Roadmap that lays out the next 30 years (until 2050) for the research, generation, and use of hydrogen as a cleaner energy source and supports Colombia’s move toward clean energy
• The Inter-American Development Bank (IDB) provided funding for the development of the regulatory sandbox of this plan, which was created with the assistance of the consulting firm i-deals. The roadmap aims to give Colombia the resources it needs to benefit from the wind and solar energy projects it has been creating, due to a strong regulatory environment that includes significant tax advantages

List of Key Players in the Colombia Hydrogen Generation Market

• Linde plc
• Air Products and Chemicals, Inc
• Air Liquide
• Messer SE & Co. KGaA
• SOL SpA
• Claind srl
• HYGEAR
• Siemens Energy
• Engie
• Cummins Inc.

Access Press Release of Colombia Hydrogen Generation Market @ https://www.grandviewresearch.com/press-release/colombia-hydrogen-generation-market-analysis

Biopharma Plastics Market In-Depth Research On Basis Of Polymer Type, Application, Region And Forecast To 2028 : Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Biopharma Plastics Market Size, Share & Trends Analysis Report By Polymer Type (Polyvinyl Chloride, Polyethylene), By Application (Syringes, Containers), By Region, And Segment Forecasts, 2022 – 2030

The global biopharma plastics market size is expected to reach USD 11.29 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 awareness about lightweight materials used in the healthcare industry in various applications such as containers, valves, and clamps is expected to drive the demand for silicones. Superior characteristics of the biopharma plastic polymers make them highly compatible with rubber, adhesives, metals, and coatings, thus increasing their preference over other products. Increasing production of biopharma plastic products is the key factor behind the growth of this market.

The revision of the regulatory framework associated with the biopharma industry is expected to increase the safety, efficacy, and performance standards of biopharma plastic-based medical products. As a result, the demand for superior-quality biopharma plastics is expected to grow in Europe in the coming years. The market in the region is highly regulated, with stringent norms enforced for the production of biopharma plastics by the World Health Organization.

The growing demand for biopharma plastics to manufacture various medical equipment, such as drug delivery systems, beakers, test tubes, and containers for laboratory ware, IV, and dialysis fluid is expected to positively impact the growth of the market over the forecast period. The growing biopharma/medical industry coupled with the increasing demand for a hygienic and clean environment at healthcare facilities is expected to have a positive impact on the market growth over the forecast period.

The high demand for advanced healthcare services owing to the availability of well-developed healthcare infrastructure, increasing incidences of cardiovascular diseases, and rising aging population are anticipated to drive the demand for biopharma medical devices, which, in turn, is expected to drive polyethylene terephthalate demand in biopharma applications.

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Biopharma Plastics Market Report Highlights

• In terms of revenue, the polyvinyl chloride polymer type segment accounted for a prominent share in 2021 and is expected to witness prominent growth over the forecast period
• The syringes application segment dominated the market and accounted for more than 20.0% share of the overall revenue in 2021. The increased demand for advanced healthcare services owing to surging incidences of cardiovascular diseases, orthopedic disorders, and endovascular diseases and expanding geriatric global population base is anticipated to drive the consumption of syringes in the market
• As of 2021, Asia Pacific accounted for the largest share of more than 30.0% in terms of revenue. The presence of a well-established manufacturing base and increased healthcare expenditure in China, Japan, and India are anticipated to provide further impetus to the regional market growth
• Major players are continuously working on developing their production plants owing to the increased usage of biopharma plastics in the healthcare industry. For instance, in April 2022, Iktos and Teijin Limited co-developed a new technology for small molecule drug discovery. Under this agreement, Iktos and Teijin Pharma will collaborate to develop new AI technology with the goal of enhancing and speeding up the drug design process

List of Key Players of Biopharma Plastics Market

• BASF SE
• LyondellBasell Industries Holdings B.V.
• SABIC
• LG Chem
• Toray Industries, Inc.
• Solvay
• Dow, Inc.
• DuPont de Nemours, Inc.
• Saint-Gobain Performance Plastics
• Tekni-Plex
• Chevron Phillips Chemical Co., LLC
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• TEIJIN LIMITED
• Mitsui & Co. Plastics Ltd.
• INEOS Group
• CHIMEI

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Saliva Collection And Diagnostics Market Outlook On The Basis Of Site Of Collection, Application, End-Use, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 29 Dec 2022: The Report Saliva Collection And Diagnostics Market Size, Share & Trends Analysis Report By Site Of Collection (Parotid Gland Collection, Submandibular/Sublingual Gland Collection), By Application, By End-use, By Region, And Segment Forecasts, 2022 – 2030

The global saliva collection and diagnostics market size is expected to reach USD 1.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 8.4% over the forecast period owing to the increasing prevalence of communicable and non-communicable diseases along with the increasing preference for non-invasive methods for disease diagnosis. Moreover, the growing need to diagnose COVID-19-infected symptomatic and asymptomatic patients have created significant opportunities for the market. In August 2022, a research study published in PLOS ONE stated that oral fluid samples could be used for various diagnostic assays, such as COVID-19, due to its storage and ease of sample collection. Moreover, researchers have also stated that even if the salivary samples were stored for more than 28 days, it would remain reliable and useful.

Furthermore, the global burden of cancer and related deaths rose in 2020, majorly because of the increasing aging population and socioeconomic development. In April 2020, an article published in the American Society of clinical oncology stated that more than 50% of cancers globally are diagnosed in people aged 65 and older. Therefore, the saliva-based test is considered to be the best non-invasive procedure to detect cancer. In August 2022, OrisDX announced of developing a saliva-based non-invasive molecular test to diagnose and detect oral cancer at an early stage which would help in improving patient outcomes.

There has been significant growth in the adoption of saliva samples for both clinical and research applications as it offers non-invasive sampling, easy, simple collection, and higher patient compliance, among others. Several advancements and developments are happening in saliva specimens which would advance the proteomics field. For instance, in September 2022, an article published in India Today stated that researchers from IIT Roorkee identified salivary proteins which could help in predicting metastatic triple-negative breast cancer.

Key players operating in the market are taking several initiatives such as entering into strategic alliances and launching new products which are contributing to the overall growth. For instance, in January 2021, OraSure Technologies, Inc. announced that its saliva collection device, OMNIgene·ORAL, has been selected by Chronomics Limited for the SARS CoV-2 PCR test. Similarly, in August 2020, Fluidigm Corporation announced receiving FDA authorization for its saliva-based test, Advanta Dx SARS-CoV-2 RT-PCR assay. This test would help to detect the presence of coronavirus in the sample.

Access Research Report of Saliva Collection And Diagnostics Market @ https://www.grandviewresearch.com/industry-analysis/saliva-collection-diagnostics-market-report

Saliva Collection And Diagnostics Market Report Highlights

• The growth of the overall saliva collection and diagnostics market is attributed to the increasing prevalence of infectious diseases along with the growing demand for non-invasive methods for disease detection
• By site of collection, the submandibular/sublingual gland collection segment dominated the market in 2021, owing to the increasing cases of sialoliths among the young population
• By application, the disease diagnostics segment dominated the market in 2021 owing to the increasing aging population globally coupled with increasing cases of diseases such as cancer, cardiovascular diseases, and others
• By end use, the diagnostic laboratories segment captured the highest market share in 2021, owing to the growing number of diagnostic labs along with the introduction of advanced technology which could help in the early detection of diseases
• By region, North America dominated the market in 2021 owing to the presence of several market players along with increasing support from the government to boost the demand in the region

List Of Key Players Of Saliva Collection And Diagnostic Market

• Thermo Fisher Scientific, Inc.
• Neogen Corporation
• Abbott
• Sarstedt AG & Co.KG
• Autogen, Inc.
• Oasis Diagnostics
• Porex
• Salimetrics, LLC
• Takara Bio, Inc.
• Arcis Bio
• Orasure Technologies

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Parkinson’s Disease Treatment Market Focusing On The Basis Of Drug Class, Distribution Channel, Region And Forecast 2030 : Grand View Research Inc.

San Francisco, 29 Dec 2022: The Report Parkinson’s Disease Treatment Market Size, Share & Trends Analysis Report By Drug Class (Carbidopa-levodopa, Anticholinergics), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy), By Region, And Segment Forecasts, 2022 – 2030

The global Parkinson’s disease treatment market size is expected to reach USD 11.98 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 12.1% from 2022 to 2030. This can be attributed to the rising investment in the research and development of novel treatments for PD. In August 2021, the Parkinson’s Foundation announced an investment of USD 43 million as a research grant to 29 research projects having the goal of developing novel treatments and therapies for PD. In addition, in May 2021, the Parkinson’s Foundation announced an investment of USD 10 million for research, care, and educational programs related to Parkinson’s Disease (PD). This investment may aid in providing awareness and genetic testing free of cost to people suffering from PD.

Such investment initiatives are expected to boost industry growth. In the last ten years, there have been significant R&D activities in the PD therapy sector, leading to the development of innovative drug-delivery methods. Due to fewer side effects, these cutting-edge drug delivery systems outperform the existing ones. In addition, the rate of prescription for these techniques has increased due to a rise in patient compliance, which is fueling the expansion of the industry. Moreover, key pharmaceutical companies are undertaking initiatives, such as collaborations and partnerships, for the development, manufacturing & commercialization of products to meet the rising demand for disease treatment in the international market.

For instance, in November 2021, STADA Arzneimittel and Bioglan formed a partnership to expand the production capacity of the medicine Lecigon (levodopa/carbidopa/entacapone) used to treat patients with PD. Thus, increasing demand for medicines that are used to treat patients with PD is anticipated to drive industry growth. However, the limited availability of neurologists leads to issues, such as longer waiting times for patients and difficulty in hiring new neurosurgeons in hospitals. In addition, some of the currently practicing neurologists avoid accepting new Medicaid patients, which creates difficulty for patients who want to switch to another doctor. According to the American Academy of Neurology (AAN) report, around 19% shortage of neurologists is projected by 2025.

Access Research Report of Parkinson’s Disease Treatment Market @ https://www.grandviewresearch.com/industry-analysis/parkinsons-disease-treatment-market

Parkinson’s Disease Treatment Market Report Highlights

• By drug class, the Carbidopa-Levodopa segment held the largest revenue share in 2021 due to the high prevalence of PD and easy drug availability for the disease treatment
• The retail pharmacy distribution channel segment dominated the global industry in 2021
• This is due to the easy availability of PD drugs in well-established retail pharmacy chains including Walgreens and Walmart
• Asia Pacific is expected to be the fastest-growing region during the forecast period due to the entry of new products into the market
• In June 2020, Ono Pharmaceutical Co., Ltd. received manufacturing and marketing approval for Ongentys to treat patients with PD in Japan

List of Key Players in the Parkinson’s Disease Treatment Market

• Cerevel Therapeutics
• Novartis AG
• Teva Pharmaceutical Industries Ltd.
• Merck & Co., Inc.
• GlaxoSmithKline plc. (GSK)
• AbbVie, Inc.
• Lundbeck A/S
• Amneal Pharmaceuticals LLC
• Supernus Pharmaceuticals, Inc.

Access Press Release of Parkinson’s Disease Treatment Market @ https://www.grandviewresearch.com/press-release/global-parkinsons-disease-treatment-market

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

San Francisco, 28 Dec 2022: The Report Personalized Medicine Market Size, Share & Trends Analysis Report By Product (Personalized Nutrition & Wellness, Personalized Medicine Therapeutics), By Region, And Segment Forecasts, 2022 – 2030

The global personalized medicine market size is expected to reach USD 922.72 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 6.95% from 2022 to 2030 owing to the increasing incidence of diseases and the rising demand for novel therapeutic drugs. The emerging applications of personalized medicine are consistently enhanced by immense research efforts. For instance, in July 2022, researchers at the UMass Chan Medical School developed a microorganism-based personalized medicine model system to aid the understanding of variation in metabolism to gauge the connection between an individual’s genome, diet, microbiota, and associative environmental factors.

Most cancer conditions are usually caused by an underlying genetic discrepancy and can cause fatalities with progression. The cancer condition can be effectively and precisely treated by understanding specific genomic characteristics. For instance, in May 2020, Qiagen launched QIAseq pan-cancer multi-modal panel to enable robust analysis of genomic characteristics of cancer subjects to derive a broad spectrum of applications in precision medicine for the profiling of solid tumors and heme malignancies.

The market is positively driven by advancements in NGS technologies and extensive research on the human genome. There has been an increasing focus on utilizing NGS to derive personalized medicine outcomes that could potentially be used for the treatment of cancer and rare genetic disorders. For instance, Illumina declared that it will present its multiple oncology research abstracts at the European Society of Medical Oncology (ESMO) annual meeting in Paris. Their research enables personalized cancer care using comprehensive genomic profiling of biopsies to match subjects to the potential drugs and immunotherapies.

Telemedicine facilitates virtual or telephonic clinical advice to aid physical convenience. Telemedicine is increasingly trending, especially after the COVID-19 pandemic. Government and research institutes are taking substantial efforts to enhance the applications of personalized telemedicine. For instance, in August 2022, the National Cancer Institute declared a grant of USD 23 million for five years to aid the launch of Telehealth Research Centers of Excellence (TRACE) across the U.S. The program was launched with the support of the White House Cancer Moonshot to seek development and advancements in telehealth delivery for cancer care with a mission to leverage health equity.

Molecular imaging systems and medical devices are playing a primary role in emerging advancements in personalized medicine. They effectively leverage the applications of personalized medicine in the treatment of different types of cancers. For instance, in June 2022, GE Healthcare declared the release of high-end molecular imaging by using gallium-68 radioisotope for the diagnosis and monitoring of prostate cancer so as to leverage access to precision health and theranostics for personalized prostate cancer treatment at an early stage of cancer progression.

The market is in the growth phase due to emerging technological advancements along with consistent industrial efforts such as collaborations and expansions. For instance, in December 2021, Biogen Inc., and TheraPanacea declared that they have signed a collaboration that focuses on advancing digital health for personalized medicine in neuroscience.

Access Research Report of Personalized Medicine Market @ https://www.grandviewresearch.com/industry-analysis/personalized-medicine-market

Personalized Medicine Market Report Highlights

• The overall growth of the market is attributed to the rising need for novel therapeutic drugs coupled with leveraged genetic level understanding of diseases and the rising incidence of cancers and genetic disorders across the globe
• The personalized medicine therapeutics segment is anticipated to witness high growth over the forecast period owing to the extensive usage of pharmacogenomics for developing biopharmaceuticals. Further, the genomic medicine therapeutics segment is anticipated to grow substantially during the forecast period owing to significantly lowered costs of whole-genome sequencing
• North America dominated the market in 2021 due to the presence of key players and their intensive research for the development of novel therapies to find out curative solutions for various diseases

List of Key Players of Personalized Medicine Market

• GE Healthcare
• Illumina, Inc.
• ASURAGEN, INC.
• Abbott
• Dako A/S
• Exact Sciences Corporation
• Danaher Corporation (Cepheid, Inc.)
• Decode Genetics, Inc.
• QIAGEN
• Exagen Inc.
• Precision Biologics
• Celera Diagnostics LLC
• Biogen
• Genelex
• International Business Machines Corporation (IBM)
• Genentech, Inc.
• 23andMe, Inc.

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Antimicrobial Resistance Diagnostics Market Segmented On The Basis Of Technology, Pathogen, End User, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 28 Dec 2022: The Report Antimicrobial Resistance Diagnostics Market Size, Share & Trends Analysis Report By Technology (Microbiology Culture, Immunoassay, PCR, NGS), By Pathogen, By End User, By Region, And Segment Forecasts, 2022 – 2030

The global antimicrobial resistance diagnostics market size is expected to reach USD 6.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2022 to 2030. The increased risk of developing drug-resistant bacterial infections, especially in healthcare facilities, and increasing government & non-government bodies’ efforts to combat the threat of AMR are the major factor contributing to market growth. In addition, various strategic initiatives undertaken by leading market players to manage antimicrobial resistance are also contributing to market expansion. For instance, in March 2021, bioMerieux and GIZ collaborated to support the Nigerian center for disease control to strengthen the fight against AMR.

The rising adoption of rapid testing and PoC tests for drug-resistant bacterial infections is anticipated to augment the market over the projected period. Moreover, leading market players such as Danaher, Abbott, and others have a robust product portfolio of rapid diagnostic tests for antimicrobial-resistant infections. Furthermore, the increasing involvement of non-government bodies such as AMR Industry Alliance is assisting regulatory bodies to make strategies to boost the development of diagnostic solutions to manage antimicrobial resistance.

Increasing funding for the development of novel and automated test solutions for the diagnosis of antimicrobial-resistant infections is anticipated to boost market growth over the forecast period. For instance, in May 2022, the European Investment Bank funded more than USD 24 million to POCARED Diagnostics for the R&D of fully automated testing of microbial diseases. POCARED Diagnostics is involved in the development of novel microbiology tests that can provide results within hours.

Antimicrobial resistance is expected to rise in the coming years. Hence, demand for accurate & fast testing options is expected to increase for the effective management and progression monitoring of antimicrobial resistance. According to the CDC, the annual direct healthcare expenditure of antimicrobial resistance is around USD 20 billion in the U.S. High cost of disease management is driving the demand for rapid tests for the diagnosis of infections at an early stage.

Key market players are continuously involved in the development of novel tests to strengthen their market position. Moreover, other strategies such as acquisitions, partnerships, and collaborations are also adopted by leading players to expand their product portfolio in different parts of the globe. For instance, in August 2022, Accelerate Diagnostics and BD announced a collaboration to combat the threat of antimicrobial resistance. As per the deal, BD will provide Accelerate Diagnostics rapid diagnostic solutions for antibiotics-associated resistance to its vast customers.

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Antimicrobial Resistance Diagnostics Market Report Highlights

• PCR held the largest share of the technology segment in 2021 owing to the high penetration and technological advancements
• Based on pathogen segment, the Methicillin resistant staphylococcus aureus accounted for the largest share in 2021 due to the high incidence rate of MRSA infections and the surge in product launches
• In end-user, the hospital segment was the highest revenue contributor in 2021 because of higher patient admissions and high incidence of bacterial infections
• In Asia Pacific, the market is expected to exhibit the fastest growth over the forecast period due to the rising investments by market players and increasing research activities in the region

List of Key Players of Antimicrobial Resistance Diagnostics Market

• bioMerieux
• Hoffmann-La Roche Ltd.
• Abbott
• Hologic, Inc.
• BD
• Danaher
• Accelerate Diagnostics, Inc.
• Molsid
• Vela Diagnostics
• Visby Medical, Inc.
• OpGen

Access Press Release of Antimicrobial Resistance Diagnostics Market @ https://www.grandviewresearch.com/press-release/global-antimicrobial-resistance-diagnostics-market