Needle-free Injectors Market In-Depth Research On Basis By Product, Type, Technology, Delivery Site, Usability, Application, End-Use, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 31 Jan 2023: The Report Needle-free Injectors Market Size, Share & Trends Analysis Report By Product (Fillable, Prefilled), By Technology, By Type (Liquid-based Needle-free Injectors), By Usability, By Application (Vaccine Delivery), By Region, And Segment Forecasts, 2023 – 2030

The global needle-free injectors market size is expected to reach USD 2.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2022 to 2030. Increasing prevalence of chronic diseases and rising patient volume are factors projected to enhance the demand for needle-free injectors. 

As a result of a sedentary lifestyle, the prevalence of lifestyle-associated diseases such as diabetes and hypertension is expected to increase during the forecast period. These diseases demand round-the-clock monitoring of various physiological parameters such as blood pressure and blood sugar levels. This allows integration of healthcare data with portable devices such as needle-free injectors and further this can be forwarded to physicians or doctors in order to have real-time access to data and reduce errors, thereby expected to propel the demand for needle-free injectors. 

The global needle-free injectors market is expected to witness lucrative growth owing to growing geriatric population coupled with rise in prevalence of chronic diseases such as cancer, diabetes, neurological disorders, hypertension, and age-related orthopedic disorders. In addition, increasing awareness, coupled with rise in adoption of needle-free injectors, is expected to promote market growth. 

Constant rise in geriatric population base is aggregating the financial demands on the health care system. According to the Population Reference Bureau, the number of Americans aged 65 and above is predicted to nearly double from 52 million in 2018 to 95 million by 2060. Such rise in elderly population base will subsequently result in greater demand for needle-free injectors, hence predicting to enhance the market progression. 

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Needle-free Injectors Market Report Highlights

• The powder-based needle-free injectors segment held the largest market share in 2022 owing to the rising demand for these injectors among individuals
• The disposable segment held significant market share in 2022 due to the ease of use and presence of a built-in glass syringe that minimizes the need to manually load the glass syringe, ultimately making it convenient for patients
• The pain management segment is anticipated to gain the highest market share during the forecast period due to the increasing number of pain-related cases all across the globe
• North America is the leading market in 2022 owing to favorable regulatory reimbursement and growing demand for needle-free injectors
• Asia Pacific is expected to witness the fastest growth rate during the forecast period due to the availability of low-cost labor for manufacturing across several countries of Asia 

List of Key Players of Needle-free Injectors Market

• PharmaJet
• Crossject
• Portal Instruments
• NuGen Medical Devices
• Inovio Pharmaceuticals
• Antares Pharma, Inc
• Aijex Pharma International Inc.
• Ferring B.V.
• Penjet Corporation
• Medical International Technology Inc. 

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Payment As A Service Market Focusing On The Basis Of Component, Services, Industry, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 31 Jan 2023: The Report Payment As A Service Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Services (Managed Services, Professional Services), By Industry, By Region, And Segment Forecasts, 2022 – 2030

The global payment as a service market size is expected to reach USD 45.84 billion by 2030, expanding at a CAGR of 16.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The proliferation of smartphones for online shopping, rising E-commerce sales, and increasing internet penetration rate are some of the major factors that are driving the industry’s growth. Initiatives being adopted by various governments worldwide to promote digital payment are also contributing to the growth. Moreover, payment service providers’ emphasis on providing upgraded payment solutions also bodes well for growth.

Novel technologies are creating the potential for new modes of payment to emerge. The growing preference for digital wallets while paying for E-commerce transactions and online purchases is expected to drive the growth of the payment as a service industry over the forecast period. Digital wallets allow users to store their bank details securely and eliminate the need to enter bank details while making transactions. Moreover, stablecoins, a new crypto asset payment method, is likely to increase over time, presenting new opportunities in the market landscape.

Market players are striking strategic partnerships and collaborations to develop efficient products, increase sales, and strengthen their presence in the market. For instance, in May 2022, Ingenico and Ant Group announced a partnership to enable payment service providers and acquirers to implement Alipay+ across merchant networks. The implementation of Alipay+ onto the cloud platform would lead to a faster rollout of Alipay+ services.

The outbreak of the COVID-19 pandemic played a vital role in driving the growth of the payment as a service(PaaS) market. The E-commerce sector is expected to witness an increase in the coming years. As the pandemic imposed restrictions on brick-and-mortar retail stores, a sharp increase has been observed in online shopping. According to the statistics provided by IBM in 2020, the COVID-19 pandemic has shifted consumer focus from physical stores to digital shopping, the impact of which should last for the next few years as well, thereby contributing to the growth of the market.

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Payment As A Service Market Report Highlights

• The platform segment dominated the market in 2021. The development of different payment modes for transactions along with credit facilities for vendors and consumers is expected to drive segment growth
• The managed services segment is expected to witness the fastest growth over the forecast period. Integration of core and non-core operation services under one umbrella by prominent market players is boosting segment growth
• The retail & e-commerce segment dominated the market in 2021. The growing use of digital mediums for shopping and retail transactions is anticipated to drive segment growth
• The Asia Pacific market is likely to witness rapid growth over the period. The increasing adoption of payment service technology in emerging economies like China, India, and Japan is driving the regional growth

List of Key Players in the Payment As A Service Market:

• Agilysys NV LLC
• Alpha Fintech
• Aurus Inc.
• First American Payment Systems L.P.
• Fiserv Inc.
• Ingenico
• Paysafe Holdings UK Ltd.
• Pineapple Payments
• Total System Services LLC.
• VeriFone, Inc

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Socks Market Segmented On The Basis Of Product, Material, Style, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 30 Jan 2023: The Report Socks Market Size, Share & Trends Analysis Report By Material (Polyester, Cotton, Wool, Nylon), By Style (Knee-high, Ankle-length, Low-cut), By Product (Plain-, Rib-knitted), By Region, And Segment Forecasts, 2022 – 2030

The global socks market size is expected to reach USD 73.7 billion by 2030, registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing necessity of multiple footwear by urban customers is working as a major factor boosting the market growth. Furthermore, the increasing trend of athletic shoes due to celebrity endorsements by top brands is driving the market growth. An increase in the number of working individuals, along with the rising adoption of the formal business environment, signifies one of the key factors anticipated to create ample growth opportunities for the market over the forecast period. The COVID-19 pandemic has had a negative impact on the market.

Due to supply chain disruptions, product sales were impacted drastically during the pandemic. However, top players reinvented their product lines and most of them utilized the lockdown period to innovate their production and retail approach. Thus, it is expected that the market will grow steadily over the forecast period. A plain-knitted was the largest product segment in 2021. Plain knitting is a very popular technique with many knitted fabrics that customers wear today being produced from plain knitting or a mixture of plain as well as a purl stitch. These types of socks are largely manufactured all over the world due to the high demand. Cotton was the largest material segment in 2021.

Cotton socks are soft for the feet and provide extra comfort than other types of materials. Moreover, cotton socks are a good choice for individuals with sensitive skin as it does not have harmful chemicals. new fashion trends and shifts in the lifestyles, such as a rise in the use of footwear, contributed largely to the Europe regional market. The increasing trend of formal clothing among white-collar professionals is anticipated to play a vital role in boosting product demand. A large number of brands use push strategies to sell the bulk quantity of their products and supply stocks to different retail stores as well as shops across the world.

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Socks Market Report Highlights

• Asia Pacific is expected to grow at the fastest CAGR over the forecast period. This is attributed to the growing population in developing economies including China and India
• Moreover, the increasing number of various retail outlets in the region mainly in countries, such as China, India, Malaysia, and Singapore, is likely to increase the product sales
• The wool material segment is expected to register the second-fastest CAGR from 2022 to 2030. The fabric used for wool socks is lighter, extra porous, more durable, and highly sustainable than its counterparts
• The no-show style segment is expected to register the fastest CAGR from 2022 to 2030. These types of socks are available in different materials & colors, provide excellent breathability, and are an ideal option for both hot and cold weather

List of Key Players in the Socks Market

• Nike Inc.
• Puma S.E.
• Adidas A.G.
• Asics Corporation
• Skechers USA, Inc.
• Hanesbrands Inc.
• Under Armour, Inc.
• VF Corporation
• Jockey International Inc.
• Drymax Technologies Inc.

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Electroencephalography Devices Market Segmented On The Basis Of Product, Type, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 30 Jan 2023: The Report Electroencephalography Devices Market Size, Share & Trends Analysis Report By Product (32-Channel, Multi-channel), By Type (Portable Device, Standalone Device), By End-use, And Segment Forecasts, 2023 – 2030

The global electroencephalography devices market size is expected to reach a value of USD 2.39 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 10.2% from 2023 to 2030. The high prevalence of epilepsy, sleeping disorders, brain tumors, Parkinson’s disease, and stroke among other neurological disorders is a major factor anticipated to drive the growth. According to the World Health Organization (WHO), over 50 million people are affected by epilepsy; and more than 35.6 million people worldwide are suffering from Alzheimer’s disease and dementia.

In addition, growing awareness about neurological diseases and disorders in developed and developing regions is expected to boost the market. In addition, a rise in government funding for neuroscience-related R&D is contributing to market growth to a great extent. Moreover, rapidly developing healthcare infrastructure and increasing disposable income in Asian countries are projected to support the demand for advanced electroencephalography (EEG) devices and systems.

Furthermore, the introduction of technologically advanced products such as portable electroencephalography systems is expected to drive the market. Increasing focus on neuroscience, cognitive psychology, and psychophysiological research activities has led to increased demand for advanced systems.

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Electroencephalography Devices Market Report Highlights

• 32-channel EEG systems remained the highest revenue-generating segment in 2022 attributed to robust technological advancements in 32-channel EEG products
• In 2022, standalone devices accounted for the highest revenue-generating segment due to the increased application of these systems in hospitals and diagnostics centers
• The hospitals segment held the largest revenue share based on end-use in 2022, owing to the increasing number of patients suffering from neurological disorders. The rising geriatric population is another major factor responsible for the segment growth
• North America held the largest revenue share of the EEG system/device market in 2022. The availability of insurance coverage for brain monitoring and well-developed healthcare infrastructure is anticipated to drive the regional demand

List of Key Players in Electroencephalography Devices Market

• Natus Medical, Inc.
• Electrical Geodesics, Inc.
• Medtronic; NeuroWave Systems, Inc.
• Compumedics Ltd.
• Noraxon U.S.A., Inc.
• Cadwell Laboratories, Inc.
• Nihon Kohden America, Inc.

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Ocular Trauma Devices Market Segment Analysis By Service, Region And Forecast Till 2030: : Grand View Research Inc.

San Francisco, 30 Jan 2023: The Report Ocular Trauma Devices Market Size, Share & Trends Analysis Report By Device Type (Implants, Instruments, Disposables), By Indication (Blunt Trauma, Chemical Trauma, Sharp Trauma), By End-Use, By Region, and Segment Forecasts, 2022 – 2030

The global ocular trauma devices market size is expected to reach USD 6.56 billion by 2030, registering a CAGR of 7.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Ocular trauma is sometimes referred to as non-penetrating trauma or blunt force trauma to the eye area. Combinations of forces, including acceleration and deceleration, shearing, and crushing pressure can result in ocular trauma. Ocular trauma can cause damage to the eye, the eyelid, and the surrounding bones resulting in blunt eye injuries such as globe exploding, retinal separation, hyphemia, frontal eye hemorrhage, retrobulbar hemorrhage, fracture of the orbit, accidental glaucoma, vitreous bleeding, corneal injuries, and cataract. According to a report by the vision center, around 95% of ocular trauma occurs in men under the age of 30, often caused by interpersonal violence.

Healthcare delivery was severely damaged due to the COVID-19 pandemic. Despite an overwhelming number of COVID-19 cases, ophthalmic clinics witnessed a sharp reduction in outpatient visits and operations, and hospitals lost a large amount of revenue in the initial stage of the pandemic. The COVID-19 pandemic had a negative effect on the sales of ocular devices such as contact lenses, implants, and ocular instruments. Ophthalmic clinics stayed closed throughout the lockdown period since ophthalmologists and healthcare professionals faced the biggest risk of spreading the virus. As a result, there was a decrease in the demand for ocular care products. However, the market is expected to regain its pre-pandemic position in the coming years due to the relaxation of regulations at present and the considerable economic recovery.

Several organizations along with ophthalmologists have launched campaigns and initiatives to increase awareness about ocular care and eye health among the general public. These organizations provide seminars, tutorials, and workshops that teach technicians how to utilize different pieces of ophthalmic equipment. Such programs aid in raising awareness of eye conditions and the availability of diagnostic tools.

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Ocular Trauma Devices Market Report Highlights

• Based on device type, the implants segment accounted for the largest market share of 45.0% in 2021 and is expected to witness the fastest growth with a CAGR of 8.0% over the forecast period from 2022 to 2030 pertaining to the rising incidence of diabetic retinopathy due to growing prevalence of diabetes and adoption of a sedentary lifestyle
• Based on the indication, the blunt trauma segment dominated the market with a revenue share of 47.5% in 2021. The increase in the elderly population will fuel the expansion of the segment. Combinations of forces, including acceleration and deceleration, shearing, and crushing pressure can result in blunt trauma.
• On the other hand, the sharp trauma segment is expected to witness the fastest CAGR of 8.7% during the forecast period owing to the increasing number of cases of sharp object eye injuries in the workplace.
• Based on end-use, the hospital segment accounted for a market share of 50.2% in 2021, owing to the rising adoption of advanced ophthalmic technology in hospitals and the availability of affordable and efficient treatment options
• The ophthalmic clinics segment is expected to witness the fastest CAGR of 7.9% during the forecast period from 2022 to 2030 due to the increasing need for eye care services in outlying locations
• North America accounted for the largest revenue share of 43.8% in 2021 attributed to the rise in the elderly population, increased incidence of eye-related problems, and growing healthcare costs. Asia Pacific is anticipated to witness a rapid CAGR of 9.6% over the forecast period owing to a significant rise in the number of elderly people in the region. Developing nations such as China and India are predicted to have the highest development in this region.

List of Key players in the Ocular Trauma Devices Market

• Alcon
• Bausch & Lomb, Inc.
• Carl Zeiss AG
• Johnson & Johnson Vision
• CooperVision
• TopCon
• EssilorLuxottica
• Hoya Corporation
• Glaukos Corporation

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Pressure Mapping Systems In Healthcare Market Outlook On The Basis Of Application, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 30 Jan 2023: The Report Pressure Mapping Systems In Healthcare Market Size, Share & Trends Analysis Report By Application (Hospital Beds/Mattresses, Foot Insoles, Wheelchair, Others), By Region, And Segment Forecasts, 2023 – 2030

The global pressure mapping systems in healthcare market size is expected to reach USD 799.1 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. Pressure mapping systems are devices used to monitor pressure distribution by the healthcare professionals.

The systems are used by healthcare professionals to prevent any potential injuries in patients, which can occur due to prolonged pressure on certain body parts that can cause injuries such as pressure ulcers. The condition is common among patients who are confined to wheelchairs or are bedridden due to medical conditions such as Alzheimer’s, amputations, paralysis, or multiple sclerosis. These conditions usually impair the movement of the patient, which increases the risk. According to an article by NCBI dated July 2022, the global prevalence of the condition was estimated to be 12.8%. The use of these systems helps to considerably reduce the condition as the systems display the data regarding the pressure points.

Moreover, increasing prevalence of chronic conditions such as Alzheimer’s, paralysis, multiple sclerosis, and amputations is expected to drive the demand for the systems during the forecast period. For instance, according to an article by single care dated March 2022, 2.8 million people suffered from multiple sclerosis worldwide. Multiple sclerosis causes muscle spasms, weakness, fatigue, and disability in severe conditions. These systems are used for gait posture research, which aids the clinicians to diagnose lower limb problems and prevent injury.

Moreover, the availability of foot insoles with sensors helps to prevent and diagnose injuries in athletes and patients with foot injuries. These sensors help patients suffering from foot deformities and poor balance in improving their conditions. For instance, according to an article by Herald Scholarly Open Access dated January 2021, the global prevalence of foot deformity was 36.5% in 2021. The PPS Foot Pressure Mapping System has sensors to measure and analyze foot pressure distribution that helps clinicians in gait analysis, diabetic foot complications, and other disciplines.

Rising number of initiatives such as mergers and acquisitions undertaken by key players in the market is expected to boost the growth. Moreover, introduction of technologically advanced products by the key players is expected to further increase the market growth. For instance, in December 2021, Tekscan announced the launch of FScan 64 2.0, which is a Bluetooth enabled, cord free in-shoe foot insole. The system helps to capture pressure, force, and temporal gait data that help the physicians to identify and correct asymmetries and issues in gait cycle.

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Pressure Mapping Systems In Healthcare Market Report Highlights

• In 2022, the hospital beds/mattresses segment held the largest share of over 35.0% due to the adoption of these systems to prevent injuries among patients
• In 2022, North America held the largest share of over 40.0%. Factors such as the higher prevalence of injuries that cause immobility issues in patients contributed to the market growth
• Asia Pacific is projected to register the fastest growth rate during the forecast period. The growing geriatric population in countries such as Japan and China is contributing to the growth of the regional market

List of Key Players in Pressure Mapping Systems In Healthcare Market

• Tekscan, Inc.
• Sensor Products Inc.
• PPS
• XSENSOR Technology Corporation
• Vista Medical
• FSRTEK
• Blue Chip Medical Products

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Latent Tuberculosis Infection Detection Market Trends Analysis Report By Test Type, Application, End-User, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 30 Jan 2023: The Report Latent Tuberculosis Infection Detection Market Size, Share & Trends Analysis Report By Test Type (Tuberculin Skin Test (TST), Interferon-Gamma Released Assay (IGRA)), By Application, By End User, By Region, And Segment Forecasts, 2022 – 2030

The global latent tuberculosis infection detection market size is expected to reach USD 2.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. The increased risk of developing active disease from latent tuberculosis infection (LTBI) coupled with the surge in the geriatric population globally is one of the major driving factors for the market growth. In addition, rising awareness about TB detection and various government initiatives for effective diagnosis and screening of tuberculosis infection is another factor contributing to market expansion. For instance, in July 2021, the UKHSA and NHS of England launched a 5-year plan to decrease TB cases in the country.

The market growth is fueled by the increase in the geriatric population across the globe. For instance, according to the elderly population report of America’s Health Rankings 2021, more than 54 million population aged more than 65 years in the U.S. which accounts for 16.5% of the country’s population. The geriatric population is highly susceptible to developing latent TB infection. Policymakers and public health officials are making improvements in policies to improve the health of older in the country.

Furthermore, ongoing funding activities by leading organizations to promote the diagnosis and testing for tuberculosis are also expected to fuel market growth. For instance, Unitaid is a leading health agency engaged in discovering quick solutions for diseases. In September 2022, the Unitaid launched funding of USD 30 million to boost tuberculosis detection. This funding will support the development of same-day tests and also help in the development of novel diagnostic technologies for tuberculosis.

Similarly, the Global Fund provides support and funding for the management of infectious diseases such as tuberculosis, malaria, and HIV. The organization provides around 76% of global financing for tuberculosis and it has invested around USD 8.5 billion for the management of tuberculosis. Furthermore, in August 2021, the Global Fund provide funds to FIND for the advancement of TB diagnosis and prevention in India. This investment optimized laboratory quality for early diagnosis of TB and improved tuberculosis diagnostic capacity in the country.

In addition, the rising testing efforts globally to promote the diagnosis of TB infection are expected to support market expansion. For instance, in March 2022, QIAGEN N.V. announced that the company has sold 100 million QuantiFERON blood tests since its launch. After this, the company decided to expand QuantiFERON to reach more patients across the globe. Moreover, various strategic initiatives undertaken by leading players to enhance their market share are another factor facilitating market expansion. For instance, in October 2021, QIAGEN announced CE mark approval and roll-out of the QIAreach QuantiFERON-TB test for tuberculosis infection diagnosis.

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Latent Tuberculosis Infection Detection Market Report Highlights

• In test type, the IGRA segment is expected to grow at the fastest rate over the forecast period owing to increasing recommendations for IGRAs from various public health authorities
• Based on application segment, the PLHIV accounted for the largest revenue share in 2021 due to the rising risk of developing TB in people suffering from HIV infection
• The diagnostic laboratories segment was the highest revenue contributor in 2021. Whereas the academic and research institutions segment is expected to exhibit the fastest CAGR during the projected period
• Asia Pacific 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 in Latest Tuberculosis Infection (LTBI) Detection Market

• bioMerieux
• Hoffmann-La Roche Ltd.
• Abbott
• Sanofi
• Oxford Immunotec USA, Inc.
• Becton, Dickinson, and Company
• Serum Institute of India Pvt. Ltd
• Lionex GmbH

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Clinical Trial Management Services Market Segmented On The Basis Of Services, Industry, Indication, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 27 Jan 2023: The Report Clinical Trial Management Services Market Size, Share & Trends Analysis Report By Services (Clinical Trial Monitoring, Regulatory Submissions), By Industry, By Indication, By Region, And Segment Forecasts, 2022 – 2030

The global clinical trial management services market size is anticipated to reach USD 52.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.5% from 2022 to 2030. The increasing trend of outsourcing clinical trial activities, the rise in research and development of advanced therapies, and the globalization of clinical trials are a few key factors driving the growth of the market.

The number of clinical trials has significantly increased in the past two decades. This is due to the rising need for novel pharmaceutical products with improved efficacy as well as the increasing penetration of cutting-edge medical technologies. According to Clinical trials.gov, the total number of clinical trials accounted for 325,773 in 2020, whereas, as of April 2022, the number of clinical trials this year totaled more than 410,903.

Clinical trial management services such as clinical monitoring, data management, site monitoring, and medical writing service are cost-effective and time-saving. These also harmonize clinical data across sites and failure rates. Furthermore, the integration of digital technologies, including cloud computing, Artificial Intelligence (AI), big data prescriptive, and predictive analytics, the Internet of Medical Things, and mobile technology remain major developments on the horizon. These technologies have shown great promise in improving productivity while accelerating the pace of clinical trials.

The COVID-19 pandemic significantly impacted the market. It created an unexpected urgency for alternative solutions to clinical trial execution, limiting on-site monitoring visits. It prompted researchers to use remote clinical trial monitoring services and platforms to reduce the spread of the COVID-19 infection as well as to simultaneously function in clinical research. For instance, according to the Florence survey in 2020, more than 60% of clinical study sites and clinical trial sponsors stated more than 50% acceptance of remote site monitoring solutions for clinical research.

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Clinical Trial Management Services Market Report Highlights

• The clinical trial monitoring segment dominated the market with a revenue share of 31.6% in 2021. Technological advancement in trial monitoring is one of the key factors driving the growth of the market.
• The oncology segment is anticipated to hold the highest market share of 31.0% in 2021 in the clinical trial management services market. High shares of the segment are majorly due to the increasing cases of cancer across the globe.
• Based on industry, pharmaceuticals accounted for the largest market share of 38.9% in 2021. The companies have adopted technologies such as cloud computing and AI to improve patient engagement and reduce trial failures to drive market growth.
• Asia Pacific is projected to witness the fastest CAGR-driven growth of 8.5% during the forecast period.Factors such as the cheap labor cost, a diverse patient pool, lowered costs of clinical trial activities

List of Key Players in the Clinical Trial Management Services Market

• LabCorp
• IQVIA, Inc.
• Syneous Health
• Atlantic Research Group
• ICON Plc
• SGS
• Clinical Trial & Consulting Services
• Charles River Laboratories
• Med pace
• Wuxi Apptec

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Wound Dressing Market Segment Analysis By Product, Application, End-Use, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 27 Jan 2023: The Report Wound Dressing Market Size, Share & Trends Analysis Report By Product (Traditional Dressing, Advanced Dressing), By Application (Chronic Wounds, Acute Wounds), By End Use (Hospital, Home Healthcare), By Region, And Segment Forecasts, 2023 – 2030

The global wound dressing market size is expected to reach USD 18.86 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.14% from 2023 to 2030. An increasing number of people suffering from chronic wounds, a rise in technologically advanced dressing, and rising cases of traumatic accidents are expected to be the key driving factors for the market.

There has been an increase in the number of people suffering from chronic disorders such as diabetes, as a result, the number of people suffering from diabetic foot ulcers is increasing. For instance, as per the International Diabetes Federation, an estimated population of 61 million people aged between 20-79 years living in Europe were suffering from diabetes. Similarly, according to NCBI, the incidence rate of diabetes foot ulcers globally is between 9.1 million to 26.1 million annually. Thus, the rise in diabetes and diabetic foot ulcer patients is increasing the demand for wound dressing products, thereby impelling the market over the forecast period.

Moreover, there has been a global increase in the number of traumatic accidents such as burns, gunshots, and road accidents. For instance, according to stats by WHO, approximately 11 million burn cases occur worldwide, which leads to 180,000 deaths globally, Similarly, as per NCBI, every day, more than 30,000 burn cases are registered globally. Therefore, the rising global number of burn cases is anticipated to impel market growth over the forecast period.

The outbreak of COVID-19 resulted in nationwide lockdowns worldwide, and as a result, the growth of the market was restricted to a certain extent. However, the market is projected to witness a significant growth rate during the post-pandemic period. This can be attributed to various strategies such as product launches, partnerships, and geographic expansion used by leading market players. For instance, in December 2020, Molnlycke Health Care AB launched a new distribution in the U.K. It was a strategic move, strengthening their supply chain to increase the product reach in the U.K. population. Thus, as a result of the aforementioned factors, the market is expected to have significant growth during the post-pandemic period, thereby, propelling the market.

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Wound Dressing Market Report Highlights

• Based on product, the advanced dressing segment dominated the market and accounted for a revenue share of 55.1% in 2021, and is projected to witness the fastest growth rate over the forecast period. This can be attributed to rising cases of traumatic accidents globally
• Based on application, the chronic wounds segment dominated the market and is anticipated to witness the fastest CAGR of 5.6% over the forecast period
• The hospitals segment dominated the market and accounted for a revenue share of 45.1% in 2021. Whereas, the home healthcare segment is expected to witness the fastest growth rate of 5.9% over the forecast period. The growth rate can be attributed to a rise in awareness among the public
• North America dominated the market and accounted for a revenue share of 45.4% in 2021, however, the Asia-Pacific region is projected to witness the fastest growth rate over the forecast period. This can be attributed to the rising geriatric population and the increase in the number of people suffering from diabetes

List of Key Players in Wound Dressing Market

• 3M
• Coloplast Corp.
• Medline Industries
• Smith & Nephew
• Medtronic
• ConvaTec Group PLC
• Derma Sciences (Integra LifeSciences)
• Ethicon (Johnson & Johnson)
• Baxter International
• Molnlycke Health Care AB

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Microphone Market Outlook On The Basis Of Connectivity, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 27 Jan 2023: The Report Microphone Market Size, Share & Trends Analysis Report By Connectivity (USB Microphones, XLR Microphones), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2022 – 2030

The global microphone market size is expected to reach USD 9.99 billion by 2030, expanding at a CAGR of 5.4% from 2022 to 2030, according to a recent study by Grand View Research, Inc. The rising adoption of microphones in the music industry is driving the growth of the global microphones market. Online shows and events have become increasingly popular due to easy access to the internet & smartphones. The internet on-demand video market has grown significantly, especially since the introduction of premium streaming platforms.

Potential end-users, including stand-up comedians and motivational speakers, provide a significant opportunity for the market to grow. Thus, a noticeable increase in the number of events and online shows is expected to increase demand for mics and speakers, which is expected to support the growth of the microphones market.

The COVID-19 pandemic led to an economic slowdown and a drop in disposable income globally. The low earning capability forced consumers to purchase essential products primarily over non-essential ones such as electronic products that include microphones, speakers, and more. This situation hampered the demand in the global microphone industry. Furthermore, technical issues and difficulties such as wireless connection blockages, physical distance, and reception fade are expected to hamper the growth of the market for microphones.

Several major countries and booming economies have seen substantial losses and slowed growth during the lockdown period. As the pandemic hit the market, it became incredibly difficult for manufacturers of wireless microphone systems to continue operations. The economies of various nations have suffered greatly as a result of lockdowns due to the COVID-19 outbreak. The reduction of investments in several core industries has led to the decline of the wireless microphone market.

The chipset shortage at the global level has hampered the microphone industry. Semiconductors are primarily used in several electronic devices, including microphones. The disruption in the supply chain negatively impacted the production of microphones worldwide, and the low production is expected to negatively impact market growth.

Access Research Report of Microphone Market @ https://www.grandviewresearch.com/industry-analysis/microphone-market-report

Microphone Market Report Highlights

• The evolving entertainment and television broadcasting industry has fueled the growth of the market for microphones across the Asia Pacific. The rising trend for video logging is expected to benefit the market in this region for the forecasted period
• The rising demand for podcasting, online video streaming, and voiceover work is expected to drive the growth of the USB microphones segment during the projection period. This segment is anticipated to expand at a CAGR of 6.6% from 2022 to 2030
• The demand for various types of wireless microphone-related items has expanded, as the automotive industry becomes more automated. These components are employed in telematics, controllers, and Global Positioning Systems (GPS). Electric vehicles (EVs) and driverless vehicles both use these components extensively, and the increased demand for EVs will accelerate product acceptance during the assessment period

List of Key Players in the Microphone Market

• AAC Technologies
• TDK Corporation
• Goertek
• Cognex Corporation
• STMicroelectronics
• Infineon Technologies
• Microscan Systems Inc.
• ZillTek Technology
• BSE
• Gettop Acoustic
• Hosiden Corporation

Access Press Release of Microphone Market @ https://www.grandviewresearch.com/press-release/global-microphone-market