Clinical Decision Support Systems Market Segmented On The Basis Of Product, Application, Delivery Mode, Component, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 30 Nov 2023: The Report Clinical Decision Support Systems Market Size, Share & Trends Analysis Report By Product (Standalone CDSS, Integrated EHR with CDSS), By Application, By Delivery Mode, By Component, By Region, And Segment Forecasts, 2023 – 2030

The global clinical decision support systems market size is anticipated to reach USD 10.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 10.6% from 2023 to 2030. Surging demand for quality care is one of the primary factors augmenting the market. Constant lookout for reliable technology solutions by care providers is also expected to work in favor of the market. The growing interest in enhanced medical care and efficient decision-making is projected to fuel the adoption of clinical decision support systems (CDSS) and EHR.

To manage the COVID-19 pandemic, many initiatives are being undertaken by government and community organizations to support the current healthcare system. These comprise front-line clinics by state governments, volunteer panels of doctors, and many private telemedicine applications. CDSS is playing a vital role during the pandemic, by helping physicians make effective choices at the point of care. As a result, market players are capitalizing on this opportunity to address the problem and provide support to front-line doctors.

For instance, in May 2021, DHIndia announced a collaboration with EHRC@IIITB & Healthelife to develop CDSS for COVID-19 screening. This collaboration also included the formation of a minimal triage application for front-line clinicians.

Decision support in critical health situations proves to be significant. Furthermore, these systems analyze patient medical records and provide a list of possible solutions from which the most appropriate is to be selected. Easy compatibility and interoperability of systems with different platforms have enhanced the growth prospects of the market. Collaborative efforts of researchers and software developers to make medical knowledge available to users are anticipated to contribute to lucrative revenue generation during the forecast period.

CDSS is currently being used in a variety of healthcare operations, including diagnosis, drug prescription, and clinical studies. According to the NCBI in 2020, clinical and diagnostic coding, procedure and test ordering, and patient triage are all supported by CDSS. Developed algorithms can provide a refined list of diagnostic codes to help clinicians choose the most appropriate one. A CDSS was created to overcome the inaccuracy of ICD-9 admission coding in emergency departments (EDs) (ICD is the International Statistical Classification of Diseases, standardized codes used to represent diseases and diagnoses).

CDSS helps ED physicians to identify diagnostic admission codes more quickly. Furthermore, the significance of CDSS has been recognized across several healthcare entities, including public & private healthcare sectors. Also, healthcare organizations are launching programs to promote EHR & CDSS installation and integration, which is projected to have a favorable impact on the market by encouraging hospitals and healthcare groups to use such systems.

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 Clinical Decision Support Systems Market Report Highlights

• Standalone CDSS accounted for the largest share of market revenue in 2022 owing to its low cost. The segment is estimated to hold approximately 30.0% of the overall market by 2030
• The CDSS integrated with EHR segment is poised to experience noteworthy growth in the coming years due to the rapid adoption of healthcare IT solutions by clinicians
• Drug allergy alerts made the highest contribution to market revenue generation in 2022 owing to the rising burden of allergies
• In terms of revenue, the on-premises segment dominated the overall industry with a share of over 43.0% in 2022, owing to its high adoption rate by healthcare organizations
• CDSS software segment is poised for lucrative growth during the forecast period owing to novel innovations for technical support and interoperability of the CDSS software
• Domicile of a large number of key players and high adoption rate of advanced technologies are anticipated to contribute to the dominance of the North American region in the coming years. However, Asia Pacific is estimated to witness the highest CAGR of 13.5% during the forecast period
• Market players are involved in strategic initiatives such as new product launches, product innovations, acquisitions, and partnerships to gain a competitive edge over each other
• For instance, in October 2021, DreaMed Diabetes AI Ltd. proclaimed that it had received FDA Clearance for its Type 2 Diabetes AI-based CDSS, thereby enhancing its offerings

Clinical Decision Support Systems Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 5.3 billion
Revenue forecast in 2030	USD 10.7 billion
Growth rate	CAGR of 10.6% from 2023 to 2030
Base year for estimation	2022
Actual estimates/Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in the Clinical Decision Support Systems (CDSS) Market

• McKesson Corporation
• Cerner Corporation
• Siemens Healthineers GmbH
• Allscripts Healthcare, LLC
• athenahealth, Inc.
• NextGen Healthcare Inc.
• Koninklijke Philips N.V. (Royal Philips)
• IBM Corporation
• Agfa-Gevaert Group (IG Farben)
• Wolters Kluwer N.V.

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Ceramic Matrix Composites Market Outlook On The Basis Of Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 Nov 2023: The Report Ceramic Matrix Composites Market Size, Share & Trends Analysis Report By Product (Oxide, Silicon Carbide, Carbon), By Application (Aerospace, Defense, Energy & Power, Electrical & Electronics), By Region, And Segment Forecasts, 2023 – 2030

The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of 12.8% during the forecast period, according to a new report by Grand View Research Inc. Increasing demand for ceramic matrix composites is being driven by their superior properties, such as high-temperature stability, reduced weight, and high strength.

Ceramic matrix composites have evoked keen interest from the aerospace and automotive sectors, owing to their superior mechanical properties, high strength-to-weight ratio, and vast application scope. Increasing fuel prices have triggered the need for lightweight components to boost fuel efficiency. The majority of automobiles today run on conventional fuel, so fuel-efficient products are in high demand. However, applications for CMCs are restricted due to their high prices. CMCs are mainly used in aerospace, automotive, and electronic or thermal management applications. CMC users come from industries such as Boeing, Airbus S.A.S., NASA, GE Global Research, etc.

Market players focus on expanding their product portfolio and implementing faster product delivery strategies to gain a competitive advantage in various regional markets. The industry’s rivalry is expected to be moderate with major players adopting strategies such as new product developments, acquisitions, partnerships, and joint ventures.

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Ceramic Matrix Composites Market Report Highlights

• Oxides product segment accounted for a market share of 31.1% in 2022, owing to its properties such as high-temperature stability in addition to reduced weight and high strength
• The aerospace application segment dominated the market in 2022 and is estimated to generate revenue of USD 3.76 billion by 2030, owing to lightweight and rigid materials for various applications, where material weight plays a crucial role in the performance
• The market in the Asia-Pacific is anticipated to expand at a CAGR of 13.4% from 2023 to 2030 on account of rising energy demands and the developing aerospace industry
• The U.S. market is forecast to boom during the forecast period and reach a value of USD 3.65 billion in 2030. The growth is attributed to the rising investments by companies in developing ceramic matrix components and collaborating with government agencies for upgrading defense systems

Ceramic Matrix Composites Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 3.82 billion
Revenue forecast in 2030	USD 8.94 billion
Growth rate	CAGR of 12.8% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Ceramic Matrix Composites Market

• 3M Company
• COI Ceramics, Inc.
• Coorstek, Inc.
• General Electric Company
• Kyocera Corporation
• Lancer Systems LP
• SGL Carbon Company
• Ultramet, Inc.
• Ube Industries, Ltd.

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Blister Packaging Market Outlook On The Basis Of Material, Technology, Type, End-Use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 29 Nov 2023: The Report Blister Packaging Market Size, Share & Trends Analysis Report By Material (Paper & Paperboard, Plastic Films, Aluminum), By Technology, By Type (Carded, Clamshell), By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global blister packaging market size is expected to reach USD 46.72 billion by 2030, expanding at 7.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. This market growth is attributed to the increasing demand from healthcare end-use industries for tamper-evident packaging designs provided by blister packaging solutions and their high visibility properties.

This packaging solution is often used for tamper-evident packaging as it provides a sealed and visible container for products, allowing consumers to see if the product has been opened or tampered with. This type of packaging also makes it difficult to replace the product with counterfeit or other harmful substances without breaking the seal, providing an additional layer of protection for consumers.

Moreover, the demand for blister packaging is being driven by advancements in packaging design, including child-resistant packaging configurations, the emphasis on the use of recyclable materials, and the introduction of smart blister packaging solutions to provide information about the product and monitor its usage.

The industry players are adopting several strategies including partnerships, expansions, mergers & acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in January 2023, TekniPlex announced an expansion in its product portfolio by launching a highly visible and mid-barrier polypropylene (PE) blister packaging solution to cater to the healthcare end-use industry.

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Blister Packaging Market Report Highlights

• A shift in consumer preference from traditional bottles for healthcare products to tamper-evident designed unit-dose blister packaging solutions and their cost-effective properties is driving the blister packaging industry
• The blister packaging made up of lightweight plastic films and paper is designed for smaller and lighter products. It cannot pack large and heavy products due to its limited strength and durability, which restrains market growth to a limited extent
• The plastic films segment is expected to grow at a fast CAGR during the forecast period of 2023-2030. This is attributed to plastic films such as polyethylene terephthalate (PET) and polyvinyl chloride (PVC) offering unique characteristics to the blister packaging solution such as high visibility, lighter weight, and low-cost properties
• The healthcare end-use segment recorded the highest market share in the base year 2022 due to the wide application of blister packaging in the packaging of generic drugs to protect them from external factors such as moisture and oxygen
• North America accounted for one of the largest market shares owing to the presence of several healthcare end-user industries such as Merck & Co., Inc.; Abbott; others, and an advanced healthcare system
• Several key companies are developing new products to strengthen their market positions in the blister packaging industry. For instance, in April 2023, SÜDPACK introducedmono-polypropylene blister packaging which is recyclable for the life science, medical goods, and pharmaceutical industries
• In January 2023, Amcor plc won the 2023 worldstar global packaging awards in four categories. Amcor received an award for its new HealthCare AmSky Blister System, an aluminum-free and PVC-free blister packaging of daily for dietary supplements and medications

 Blister Packaging Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 28.67 billion
Revenue forecast in 2030	USD 46.72 billion
Growth rate	CAGR of 7.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Blister Packaging Market

• Amcor plc
• Constantia Flexibles
• UFlex Limited
• Sonoco Products Company
• WINPAK LTD.
• WestRock Company
• SteriPackGroup
• Honeywell International Inc
• Klöckner Pentaplast
• ACG
• SÜDPACK
• Tekni Plex
• Blisterpack Inc.
• Abhinav Enterprises
• YuanPeng Plastic Products Co., Ltd

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Biopsy Devices Market Segmented On The Basis Of Product, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 Nov 2023: The Report Biopsy Devices Market Size, Share & Trends Analysis Report By Product (Needle-based Biopsy Guns, Biopsy Guidance Systems, Biopsy Forceps, Biopsy Needles), By Region, And Segment Forecasts, 2023 – 2030

The global biopsy devices market size is projected to reach USD 3.64 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Introduction of technologically advanced products, leading to increasing adoption of minimally invasive surgical procedures, is the key factor driving the market.

In addition, growing investments in the oncology field by government and non-government organizations are expected to positively impact market growth. For instance, in 2022, the American Institute for Cancer Research funded more than $110 million for research to ensure a future without cancer. Moreover, the organization supports the establishment of an Advanced Research Projects Agency for Health (ARPA-H) that is focused on accelerating cancer and biomedical research translation.

The COVID-19 pandemic led to a significant drop in biopsy procedures, especially in the first half of the pandemic. This represented a temporary negative impact on the sales of biopsy devices. The major factor responsible for this moderate downfall in sales was reduced patient visits to healthcare institutes as a precautionary measure to avoid being infected with the virus.

With economies returning to normalcy and the healthcare sector going back to majorly focusing on cancer research, the market recovered at a rapid pace. The biopsy market is further expected to witness significant growth over the forecast period due to constant advancements in the field of oncology and diagnostics.

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Biopsy Devices Market Report Highlights

• Needle-based biopsy guns held the largest market share in 2022 owing to surging demand for these devices to acquire samples from soft tissues
• New product launches of vacuum-assisted biopsy devices are further expected to accelerate the demand for needle-based biopsy guns over the forecast period
• The biopsy needles segment is expected to register a significant CAGR over the forecast period. It represents lucrative growth opportunities owing to the increasing adoption of these products and the launch of advanced products
• North America dominated the market in 2022 due to the high penetration rate of technologically advanced products and the presence of key market players in the region
• The rising incidence of cancer coupled with high unmet patient needs is expected to propel the growth of the market extensively in the Asia Pacific region

Biopsy Devices Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 2.25 billion
Revenue forecast in 2030	USD 3.64 billion
Growth rate	CAGR of 7.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Biopsy Devices Market

• Cardinal Health Inc.
• Hologic, Inc.
• Danaher Corporation
• CONMED Corporation
• Cook Medical
• DTR Medical
• INRAD, Inc.
• Devicor Medical Products Inc.
• Gallini Srl
• TransMed7, LLC

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Bioanalytical Testing Services Market Segmented On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 28 Nov 2023: The Report Bioanalytical Testing Services Market Size, Share & Trends Analysis Report By Molecule (Small, Large), By Test (Bioavailability, Bioequivalance), By Workflow (Sample Analysis, Sample Preparation), And Segment Forecasts, 2023 – 2030

The global bioanalytical testing services market size is expected to reach USD 7,645.7 million by 2030, according to a new report by Grand View Research, Inc. registering a CAGR of 8.7% over the forecast period. The increasing rate of outsourcing R&D activities by several biopharmaceutical companies to streamline their core competencies is one of the major factors supporting the market growth. In addition, the outbreak of COVID-19 has further boosted the demand for pharma-analytical testing services as the rapid surge in SARS-CoV-2 infection cases has significantly augmented the production of a larger batch of COVID-19 vaccines across the globe.

Furthermore, the growing demand for pharmaceutical products across the globe has resulted in a surge of pipeline drugs that require bioanalytical testing for development, thus augmenting the market growth. In addition, the market is expected to witness considerable growth over the forecast period owing to the increasing number of contract manufacturing companies expanding their development capacities across the globe. Hence, the growing volume of batch production of biologics is further supported by such initiatives. The outbreak of COVID-19 infection has further offered lucrative growth opportunities for the market to flourish amidst the pandemic. The outbreak of the COVID-19 virus has resulted in a sudden robust demand for appropriate vaccines, which requires extensive analytical testing.

To meet the rapid demand, major pharmaceutical companies have approached the contract development and manufacturing organizations for fast-track analysis and development of the appropriate drug in the treatment of COVID-19 infection, thus boosting the growth of bioanalytical testing services across the globe, also, major pharmaceutical giants are focusing on expanding bioanalytical testing capabilities to ensure rapid production of COVID-19 vaccines, which, in turn, supported significant growth in revenue generation during 2020.

For instance, in February 2021, Nexelis, a provider of advanced assay development and laboratory testing services, has signed an asset purchase agreement with GlaxoSmithKline (GSK) to acquire GSK’s Good Clinical Laboratory Practices (GCLP)-certified clinical bioanalytical laboratory located in Marburg, Germany, with an aim to enhance its vaccines production capacities. In terms of molecules, the market is classified into small and large molecules. The large molecules segment is further segmented into LC-MS studies, immunoassays, and others based on test type. The small molecule-based bioanalytical testing services are estimated to hold the highest share over the forecast period.

Branded and generic drug compounds are mostly small molecules. In addition, these molecules bind easily with the targets present in intracellular regions. These factors are expected to fuel segment growth. On the other hand, large molecule bioanalytical testing services are expected to grow at the fastest rate during the forecast period. A strong biologic and amino acid-based product pipeline is expected to propel the overall market growth. For instance, major pharmaceutical companies, such as AstraZeneca, reported a total of 17 new molecular entities in their late-stage pipeline, among them majority are large molecule biologics.

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Bioanalytical Testing Services Market Report Highlights

• The small molecule segment accounted for the largest revenue share of over 55.9% in 2022. The high demand for generic drug development boosts the segment growth
• The bioequivalance segment is estimated to witness the fastest CAGR during the forecast period
• An increasing rate of drug manufacturing outsourcing services is estimated to fuel the growth of this segment
• The sample preparation segment held a significant market share in 2022 and is estimated to expand further at the fastest CAGR from 2023 to 2030
• North America was the largest regional market in2022 due to the strong presence of several pharmaceutical players in the U.S.
• On the other hand, the market in Asia Pacific is projected to register the fastest CAGR from 2023 to 2030

Bioanalytical Testing Services Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 4,264.0 million
Revenue forecast in 2030	USD 7,645.7 million
Growth rate	CAGR of 8.7% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Bioanalytical Testing Services Market

• PPD, Inc.
• ICON Plc
• Charles River Laboratories International
• Covance, Inc.
• IQVIA
• Syneos Health
• SGS SA
• Toxikon
• Intertek Group Plc
• Pace Analytical Services LLC

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Bakery Processing Equipment Market Segment Analysis By Equipment, Application, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 28 Nov 2023: The Report Bakery Processing Equipment Market Size, Share & Trends Analysis Report By Equipment (Ovens & Proofers, Molders & Sheeters), By Application (Bread, Pizza Crusts), By Region, And Segment Forecasts, 2023 – 2030

The global bakery processing equipment market size is expected to reach USD 21.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2023 to 2030. The incorporation of better-for-you ingredients in bakery products and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.

The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.

The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for processed food over the forecast period. Furthermore, the increasing prevalence of advertisements with attractive visuals and the availability of a wide range of flavors in processed food are anticipated to have a positive impact on the demand for processed food, and consequently, processing equipment.

Rising labor costs, coupled with the increasing energy costs and the cost of bakery product ingredients, are expected to compel end-use manufacturers to opt for efficient and advanced bakery processing equipment that can improve the overall production efficiency. In addition, fluctuation in the prices of raw materials, such as stainless steel and polymers, is expected to impact the overall cost of the bakery processing equipment.

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Bakery Processing Equipment Market Report Highlights

• Molders & sheeters segment is expected to expand at the fastest CAGR of 7.0% during the forecast period
• Asia Pacific is likely to expand at the fastest CAGR from 2023 to 2030 owing to the increasing disposable income, the growing spending power of the middle-class population, rapid globalization, and adoption of automated technology
• The growing domestic consumption of various processed food products, such as potato chips, sausages, and bread, in the emerging economies of Asia Pacific and the Middle East owing to the expansion of retail food outlets is expected to stimulate the product demand

Bakery Processing Equipment Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 14.1 billion
Revenue forecast in 2030	USD 21.8 billion
Growth rate	CAGR of 6.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Bakery Processing Equipment Market

• Ali Group S.r.l.
• Baker Perkins Limited
• Bühler AG
• GEA Group Aktiengesellschaft
• The Middleby Corporation
• JBT Corporation
• Anko Food Machine Co., Ltd.
• Markel Food Group
• Koenig Maschinen GmbH
• Heat & Control, Inc.
• RHEON Automatic Machinery Co., Ltd.
• Gemini Bakery Equipment Company
• Global Bakery Solutions

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Automated Test Equipment Market Outlook On The Basis Of Product, Vertical, Region And Forecast to 2028: Grand View Research Inc.

San Francisco, 28 Nov 2023: The Report Automated Test Equipment Market Size, Share & Trends Analysis Report By Product (Non-memory, Memory, Discrete), By Vertical (Automotive, Aerospace & Defense, IT & Telecom), By Region, And Segment Forecasts, 2021 – 2028

The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market.

Miniaturization has spurred demand across various semiconductor manufacturing companies. Additionally, considerable technological advancements coupled with design complexity and the need for adequate testing is expected to positively impact the growth. Developments in semiconductor manufacturing processes along with expansion of wireless networks in developing nations is expected to provide significant growth opportunities for the global market.

The growth of ATE market is primarily driven by semiconductor manufacturing companies which focus on cost-effective testing. Semiconductor manufacturing companies no longer consider fabrication costs as a factor for profit margin in semiconductor chip manufacturing. Semiconductor companies focus on improving their fabrication technology and look for efficient ways of testing to reduce losses due to damages. Advancements in smartphones, tablets, and SoC-based products is creating demand for greater functionality in ATE. As connected devices get smaller, more powerful, and multifaceted; they face design, application, and fabrication challenges, increasing the product demand.

Increasing design complexities along with major technological inventions such as advanced Design for Test (DFT) and adaptive testing are some of the key factors driving the automatic test equipment market. Moreover, recent innovations in Internet of Things (IoT) devices, autonomous vehicles, along with significant changes in the defense and aerospace sectors have significantly transformed the market dynamics.

Non-memory automated test equipment product segment is expected to hold significant market share over the forecast period owing to the increasing number of microcontroller-based applications and demand of the automotive sector. Revenue from IT and telecommunications sector is projected to witness significant growth in the forthcoming years. Asia Pacific accounted for the largest market share in 2019 and is expected to register the fastest growth over the forecast period, owing to the rising number of semiconductor industries in the region. Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; and Teradyne Inc.

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Automated Test Equipment Market Report Highlights

• The growth of automated test equipment market is driven by the significant use of the test equipment in automotive and semiconductor industry
• In the product segment, Non-memory ATE held the largest market share in 2019 and is estimated to witness the second-fastest growth over the forecast period owing to the expansion of consumer electronics, growing number of microcontroller-based application, and other such factors
• In the vertical segment, IT and telecommunication is estimated to continue holding the largest market share in the forthcoming years, owing to the increased focus on effective communication
• The automotive segment is expected to witness considerable growth over the forecast period owing to the increasing integration of the electronic devices in the automobile industry
• North America is estimated to witness substantial growth over the forecast period owing to the high investment in aerospace and defense couple with technological innovations
• Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; Aeroflex Inc. (a subsidiary of Cobham plc); Astronics Corporation; Advantest Corporation; LTX-Credence Corporation (Xcerra Corporation); Teradyne Inc.; STAr Technologies Inc. (a subsidiary of Innotech Corporation); Tesec Corporation; Roos Instruments, Inc.; Marvin Test Solutions Inc.; and Danaher Corporation. Teradyne Inc.; LTX-Credence Corporation (Xcerra Corporation); and Advantest Corporation dominated majority of global market share

Automated Test Equipment Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 7.12 billion
Revenue forecast in 2028	USD 8.94 billion
Growth Rate	CAGR of 3.3% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 – 2019
Forecast period	2021 – 2028

List of Key Players of Automated Test Equipment Market

• Aemulus Holdings Bhd (“Aemulus”)
• Chroma ATE Inc.
• Aeroflex Inc. (a subsidiary of Cobham plc)
• Astronics Corporation
• Advantest Corporation
• LTX-Credence Corporation (Xcerra Corporation)
• Teradyne Inc.
• STAr Technologies Inc. (a subsidiary of Innotech Corporation)
• Tesec Corporation
• Roos Instruments, Inc.
• Marvin Test Solutions Inc.
• Danaher Corporation

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Asset Performance Management Market Focusing On The Basis Of Category, Deployment, Vertical, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 24 Nov 2023: The Report Asset Performance Management Market Size, Share & Trends Analysis Report By Category, By Deployment (On-premises, Hosted), By Vertical, By Region, And Segment Forecasts, 2023 – 2030

The global asset performance management market size is expected to reach USD 47.18 billion by 2030, registering a CAGR of 12.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The Asset Performance Management market has evolved during time in response to technological advancements and the changing needs of the incumbents in many end-use industries and sectors, particularly small and medium businesses.

The market for asset performance management is predicted to increase due to the growing usage of APM solutions to achieve operational excellence. Companies are becoming more capable of maximizing the use and upkeep of their operational assets, such as plants, equipment, and infrastructure. Heavy machinery, heavy equipment, turbine engines, power transformers, and other possessions are among the assets that firms adopting APM systems regularly monitor.

The market witnessed significant growth during the COVID-19 outbreak.  Growth in the adoption of the work-from-home model by organizations created the need for secure, scalable, reliable, and cost-effective off-premises and virtual technology services. Organizations from all sectors invested considerably in cloud computing solutions to facilitate their operations and engage clients and employees effortlessly. Thus, asset performance management provided several growth opportunities to marketers during the pandemic.

The asset performance management system includes various solutions such as asset strategy and risk management, predictive asset management, reliability-centered maintenance, and condition-based maintenance, among others. These have a high demand from end-use industries such as energy & utilities, mining & metal, oil & gas, and manufacturing. The manufacturing industry is expected to emerge as one of the prominent markets in terms of revenue during the forecast period. The APM systems, coupled with IIoT, and the increasing adoption of cloud solutions are expected to be crucial factors for the steady growth of the market. Moreover, cloud-based APM systems are enabling companies to manage their assets cost-effectively.

The energy & utilities industry segment holds the largest share owing to the high number of customers who are actively investing in APM systems to manage their assets. For instance, Tata Power, one of the largest power companies from India, is leveraging AVEVA Group plc.’s PRiSM Predictive Asset Analytics for equipment problems and early warning notifications. The APM system helped Tata Power to achieve improved reliability and performance of its critical assets. Additionally, the system contributed to control the maintenance costs by its predictive analysis.

Furthermore, the asset performance management market is highly competitive and fragmented, wherein few companies hold the maximum market share. Consistent dominance in the market by legacy companies can be attributed to investments in research and development of advanced cloud-based services, which has been one of the key factors driving their revenues. However, growth in the introduction of advanced cloud solutions and related offerings by start-ups is also creating significant traction in the global market.

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Asset Performance Management Market Report Highlights

• The asset performance management market is gaining traction owing to the rapid industrial shift towards digitization of monitoring and maintenance activities. The companies are actively investing in digital solutions to manage their assets
• The use of advanced processes and tools such as regression analysis, neural network analysis, Monte Carlo simulation, and so on in the APM systems is driving the growth of the predictive asset management segment
• The public cloud segment is expected to register significant growth during  the forecast period as it helps businesses in improving cost structures and setting up a control center to arrange, monitor, and coordinate various components of their businesses
• The manufacturing industry segment held a significant share of the market owing to the presence of many small and large manufacturing plants across the globe
• Asia Pacific is anticipated to register the highest growth rate during  the forecast period owing to the increasing popularity of social media, growing investments by tech giants in establishing IT infrastructures in this region, and the rising preference for e-commerce and m-commerce, particularly in emerging economies such as India, Indonesia, and Thailand

Asset Performance Management Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 21.37 billion
Revenue forecast in 2030	USD 47.18 billion
Growth rate	CAGR of 12.0%  from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Asset Performance Management Market

• ABB Ltd
• Aspen Technology, Ltd
• AVEVA Group plc
• Bentley Systems, Incorporated
• DNV GLAS
• GE Digital
• International Business Machines Corporation
• Rockwell Automation
• SAP SE
• SAS Institute, Inc.
• Siemens Energy 

Access Press Release of Asset Performance Management Market @ https://www.grandviewresearch.com/press-release/global-asset-performance-management-market

Embolic Protection Devices Market Segmented On The Basis Of Product, Application, Region And Forecast 2026: Grand View Research Inc.

San Francisco, 23 Nov 2023: The Report Embolic Protection Devices Market Size, Share & Trends Analysis Report By Product (Distal Occlusion, Proximal Occlusion Systems), By Application (CVDs, Neurovascular Diseases), And Segment Forecasts, 2018 – 2026

The global embolic protection devices market size is expected to reach USD 1.7 billion by 2026, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 8.4% during the forecast period. Rising incidences of cardiovascular and neurovascular diseases and growing adoption of minimally invasive diseases are propelling the market growth. Rising demand for technologically advanced embolic devices and increasing healthcare expenditure, resulting in huge funding and investments from multinational companies, are fueling the R&D in the global medical devices industry. This factor is also contributing toward the market growth.

On the other hand, the product failures and recalls may limit the market growth. Low reimbursement for stenting and presence of alternative treatment methods, such as the use of drugs, may also imped the market development. However, factors such as a rise in the number of Trans-catheter Aortic Valve Replacement (TAVR) procedures will support the market expansion. The number of TAVR centers in U.S. has increased from 156 in 2012 to 511 in 2017, and approximately 35,000 patients underwent TAVR in 2016 in U.S. alone. The distal occlusion systems segment is expected to register the highest CAGR over the forecast period.

Access Research Report of Embolic Protection Devices Market @ https://www.grandviewresearch.com/industry-analysis/embolic-protection-devices-market

Further key findings from the study suggest:

• Distal filter devices segment emerged as the largest segment owing to high demand for these devices
• Neurovascular diseases accounted for the largest share in the application segment owing to the rising cases of neurological disorders
• North America led the global embolic protection devices market with the largest share in 2017 and is likely to maintain this trend over the estimated period
• Growing adoption of minimally invasive surgeries and increasing demand for novel technologies are facilitating the dominance of this region
• The industry in the Asia Pacific is projected to witness swift growth during the forecast period owing to rapidly improving healthcare infrastructure and large target population base
• Some of the key companies include Boston Scientific Corp.; Edward Lifesciences; Abbott Laboratories; Medtronic Plc; Cardinal Health, Inc.; Claret Medical, Inc.; and Innovative Cardiovascular Solutions, LLC

Access Press Release of Embolic Protection Devices Market @ https://www.grandviewresearch.com/press-release/global-embolic-protection-devices-market

Anti-corrosion Coatings Market Outlook On The Basis Of Technology, Material, Application, Region And Forecast to 2027: Grand View Research Inc.

San Francisco, 23 Nov 2023: The Report Anti-corrosion Coatings Market Size, Share & Trends Analysis Report By Material (Acrylic, Polyurethane), By Technology (Solvent-based, Powder), By Application (Marine, Oil & Gas), By Region, And Segment Forecasts, 2020 – 2027

The global anti-corrosion coatings market size is anticipated to reach USD 38.6 billion by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.6% over the forecast period. Rising demand for anti-corrosion coatings in industries, such as oil & gas, building & construction, and marine, is expected to drive the market over the forecast period. The primary purpose of the anti-corrosion coating is to protect the metal substrates from environmental exposures, such as humidity, moisture, and oxidation.

These coatings act as a barrier to prevent the interaction between the corrosive materials, compounds, chemicals from the metal surfaces. In addition, these coatings enhance the surface finish of the metallic components. The rising demand for sustainable and durable metallic products, especially in the oil & gas and building & construction industries, is expected to drive the product demand over the forecast period. The Asia Pacific is anticipated to be the largest regional market over the forecast period.

This is owing to various factors, such as government initiatives like Make in India, construction of a silk route project connecting Xian, China to Trieste, Italy through both road and marine transportation. In addition, various companies in clean energy production and aerospace are planning to establish manufacturing facilities in India post COVID-19 pandemic, which will support market growth. With the rising number of building & construction projects in North America, particularly in the U.S., demand for electric automotive, and R&D investments for developing advanced, environmentally-friendly anti-corrosion coatings will boost the market growth in North America.

Access Research Report of Anti-corrosion Coatings  Market @  https://www.grandviewresearch.com/industry-analysis/anti-corrosion-coatings-market

Anti-corrosion Coatings Market Report Highlights

• The global market was valued at USD 27.2 million in 2019 and is estimated to register a CAGR of 4.6% from 2020 to 2027
• The marine application segment is expected to witness the fastest CAGR of 5.3% over the forecast period in terms of revenue
• The high CAGR is attributed to the rising spending on navy defense infrastructure across developed and developing countries and rising cross border trade through marine transportation
• The oil & gas application segment accounted for the largest share of over 36% in 2019 and will retain the dominant position throughout the forecast years
• This is credited to rising product demand in the oil & gas sector due to the presence of Sulphur in the crude oil, which causes corrosion in pipelines, vessels, and containers
• The Asia Pacific accounted for the maximum market share of over 36% in 2019. India, in particular, is estimated to witness the fastest CAGR 5.8% from 2020 to 2027

Anti-corrosion Coatings Market Report Scope

Report Attribute	Details
Market size value in 2020	USD 28.2 billion
Revenue forecast in 2027	USD 38.6 billion
Growth Rate	CAGR of 4.6% from 2020 to 2027
Base year for estimation	2019
Historical data	2016 – 2018
Forecast period	2020 – 2027

List of Key Players of Anti-corrosion Coatings Market

• Akzo Nobel N.V.
• Ashland
• Axalta Coating Systems, LLC
• BASF SE
• Hempel A/S
• Jotun
• Kansai Paint Co., Ltd.
• PPG Industries, Inc.
• RPM INTERNATIONAL INC.
• The Sherwin-Williams Company

Access Press Release of Anti-corrosion Coatings  Market @ https://www.grandviewresearch.com/press-release/global-anti-corrosion-coatings-market