Month: December 2023

Veterinary Imaging Market Segment Analysis By Product, Solutions, Animal Type, Application, End-Use, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 29 Dec 2023: The Report Veterinary Imaging Market Size, Share & Trends Analysis Report By Product (X-ray, Ultrasound, MRI, CT Imaging, Video Endoscopy), By Solutions, By Animal Type, By Application, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global veterinary imaging market size is expected to reach USD 2.9 billion by 2030, according to expand at a lucrative CAGR of 6.84% from 2023 to 2030 according to a new report by Grand View Research, Inc. The key factors driving the market growth include a growing pet population, increased animal health spending, high pet insurance, and the availability of advanced veterinary imaging devices. The veterinary diagnostic field has experienced immense technological developments in recent years. Imaging modalities used in human medical practices are being highly adopted for veterinary usage, with specific modifications. Such advancements in technologies are expected to fuel market growth. For instance, the launch of portable imaging equipment, such as ultrasound, with chargeable batteries, is anticipated to fuel the market growth in the coming years.

The COVID-19 pandemic had a slightly negative impact on the market across the globe, owing to the discontinuation or postponement of non-essential services. In the second quarter of the financial year, several key players also reported a revenue drop in their veterinary imaging segment. For instance, IDEXX Laboratories, Inc., has reported a decline in its revenue of 3-4% during the year 2020. Moreover, the pandemic has also decreased veterinary hospital visits, negatively affecting the market. For instance, the American Veterinary Medical Association reported that pet patient visits had dropped sharply in about half of all veterinarian practices.

Another key factor that is expected to drive market growth is the rise in pet ownership. For instance, according to the European Pet Food Industry (FEDIAF) report from 2022, countries like Germany, UK, and Russia have the biggest pet populations in Europe. Similarly, according to the 2021 to 2022 National Pet Owners Survey by the American Pet Products Association, dogs are the most popular companion in the U. S. This is expected to contribute to the demand for veterinary imaging devices for small animals in the coming years.

Moreover, to gain a larger market share, some players are focusing on providing innovative products. These advanced products, which have built-in detector connections, faster and safer technology, and are simple to use and install, are gaining popularity over traditional systems. For instance, in February 2021, Fujifilm introduced VXR Veterinary X-Ray Room, a Veterinary Imaging Digital Radiography System. This new X-ray room’s advanced design is intended for vets who wish to transfer to high-quality, minimal radiation with a cost-effective, flexible, easy-to-use, and simple-to-install system.

Access Research Report of Veterinary Imaging Market @ https://www.grandviewresearch.com/industry-analysis/veterinary-imaging-market

Veterinary Imaging Market Report Highlights

  • Based on animal type, the small animals segment accounted for the largest revenue share in 2022. This can be attributed to the increasing adoption of pet animals, the rise in animal expenditure, and the high adoption rate of pet insurance.
  • Based on product, The X-ray segments dominated the global veterinary imaging market by product in 2022 with a share of over 35% since X-ray is one of the most common diagnostic tests covered by pet insurance.
  • Among solutions equipment segment dominated the market with a market share of around 56% in 2022 owing to rising demand for advanced imaging systems in veterinary hospitals. The PACS segment is the fastest-growing segment, with a CAGR of 8.4% during the forecast period. This is due to several benefits obtained by incorporating PACS software into veterinary imaging platforms, such as efficient accessing, storing, and sharing, among others, creating direct and cascading advantages.
  • Based on application, the orthopedic and traumatology segment dominated the global market in 2022, owing to high incidences of bone fractures in small animals.
  • On the basis of end-use, veterinary clinics & hospitals accounted for the largest revenue share in 2022. The Key factor driving segment growth is the increasing government focus on establishing advanced, well-equipped medical infrastructure for optimal facilities.
  • North America attributed the largest share of about 50% of the market by region in 2022, owing to increased pet ownership, rising animal health expenditure, and high adoption of pet insurance. While Asia pacific is expected to grow at the fastest CAGR of about 8.1% due to increasing disposable income and raising awareness of animal health.

Veterinary Imaging Market Report Scope

Report AttributeDetails
Market size value in 2023USD 1.85 billion
Revenue forecast in 2030USD 2.94 billion
Growth rateCAGR of 6.84% from 2023 to 2030
Base year for estimation2022
Actual estimates/Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players of Veterinary Imaging Market

  • IDEXX Laboratories, Inc.
  • ESAOTE SPA
  • SOUND
  • General Electric Company
  • Universal Medical Systems, Inc.
  • FUJIFILM Holdings America Corporation
  • Hallmarq Veterinary Imaging Ltd.
  • VetZ GmbH
  • Shenzhen Mindray Animal Medical Technology Co., LTD.
  • Heska Corporation

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Variable Frequency Drive Market Outlook On The Basis Of Product Type, Power Range, Application, End-Use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 29 Dec 2023: The Report Variable Frequency Drive Market Size, Share & Trends Analysis Report By Product Type (AC Drives, DC Drives, Servo Drives), By Power Range, By Application, By End Use, By Region, And Segment Forecasts, 2023 – 2030

The global variable frequency drive market size is expected to reach USD 39.66 billion by 2030 registering a CAGR of 5.6%, according to a new study by Grand View Research, Inc. The rapid development of semiconductor technology and rising consumer awareness of the benefits of energy-efficient products are two factors anticipated to fuel the expansion of the market. Similarly, the rising energy demand worldwide and the use of variable frequency drives (VFDs) to regulate the flow and speed of the fan to prevent energy loss are anticipated to promote the growth of the global market in the years to come.

More than 90% of the energy expended in the U.S. is used by residential refrigeration and HVAC systems equipment. VFDs aid in managing the speed of the motor in HVAC systems and reduces power consumption, which is expected to boost the growth of the market. Rising awareness about conserving energy and approaches to reducing excessive energy consumption is expected to increase demand for these devices. Additionally, rising demand for variable frequency drives from the food and beverage, automotive, and oil and gas industries are anticipated to promote market expansion.

The expansion of the market is anticipated to be hampered by the high cost of the product and maintenance. Furthermore, a workforce shortage is anticipated to pose a threat to market expansion. However, rising expenditure in the distribution and power generation industry as well as rising global oil & gas extraction operations are likely to open up new prospects for market participants in variable frequency drive in the years to come.

The global COVID-19 pandemic has had a big impact on the growth of the VFD market. In the industrial sector, variable frequency drives are frequently employed. The government’s stringent lockdown and the closure of factories, however, reduced demand for variable frequency drives. In the 2nd quarter of 2022, the market for VFDs is anticipated to expand as previously halted production activities resume, thus reviving the market growth.

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Variable Frequency Drive Market Report Highlights

  • The AC drives segment dominated the market with more than 68% share in 2022 and is expected to continue leading the market with increasing demand from the industrial sector for equipment with less noise and maintenance.
  • Asia Pacific is anticipated to grow at 5.8% CAGR during the forecast period. This can be attributed to rapid industrialization in emerging economies and increasing demand from the water treatment sector.
  • Since the outbreak of COVID-19, major players are inclining toward enhancing the customer base through the introduction of new products.

Variable Frequency Drive Market Report Scope

Report AttributeDetails
Market size value in 2023USD 27.09 billion
Revenue forecast in 2030USD 39.66 billion
Growth rateCAGR of 5.6% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players of the Variable Frequency Drive (VFD) Market

  • ABB
  • Eaton
  • General Electric
  • Hitachi Ltd.
  • Rockwell Automation Inc.
  • Schneider Electric
  • Siemens AG
  • The Danfoss Group
  • WEG S.A.
  • Yaskawa Electric Corporation

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Urinalysis Market Trends Analysis Report By Product, Application, End-Use, Region And Forecast To 2028: Grand View Research Inc.

San Francisco, 29 Dec 2023: The Report Urinalysis Market Size, Share & Trends Analysis Report By Product (Instruments, Consumables), By Application (Disease Screening, Pregnancy & Fertility Testing), By End-use (Hospitals, Home Care), By Region, And Segment Forecasts, 2023 – 2030

The global urinalysis market size is expected to reach USD 3.07 billion by 2030, expanding at a CAGR of 4.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing incidence of UTI worldwide contributes to market growth. According to a study published by SHEA journal, in 2021, approximately 60% to 70% of urinalyses were being performed in patients without symptoms referable to the Gastrointestinal Tract (GU).

Increasing geriatric population and the subsequent increase in age related diseases in developed and developing regions will positively influence urinalysis market growth. According to the World Health Organization (WHO), the geriatric population increased from 1 billion in 2020 to 1.4 billion in 2021. The early diagnosis and management of chronic diseases in geriatric population is responsible for the increasing prescription rate for tests such as bilirubin, ketones, glucose, and creatinine. These tests are performed by urinalysis; hence, it is anticipated to drive market growth.

Moreover, for patients undergoing transplant surgeries including kidney and liver, transplant procedures is often recommended to undergo preoperative urinalysis to avoid urinary tract infections (UTIs). According to United Network for Organ Sharing data, around 24,669 kidney transplants, 9,236 liver transplants, and 3,817 heart transplants were performed in the U.S. in 2021. Thus, an increasing number of transplant surgeries is expected to fuel market growth.

Companies are taking initiatives such as collaboration and strategic partnerships for the development and marketing of technologically advanced urinalysis products. For instance, in October 2021, Sysmex entered into collaboration with Inpeco for the development of an automated urinalysis workflow solution of the highest level. This product was developed with a help of UN-Series of Sysmex’s and FlexLab TM track of Inpeco’s urinalysis solutions. It is the only fully open automation system that helps laboratories optimize their workflow support and provide premium patient care.

Access Research Report of Urinalysis Market @ https://www.grandviewresearch.com/industry-analysis/urinalysis-market

Urinalysis Market Report Highlights

  • Based on product, the consumables segment held the largest share market in 2022 due to wider usage of dipsticks due to their efficiency coupled with lost costs
  • Based on application, the disease screening segment accounted for the largest segment, owing to the increasing prevalence of target diseases such as UTI, kidney disease, and liver disease, along with the rising application of urinalysis for screening of these diseases
  • On the basis of end-use, the clinical laboratories segment dominated the market in 2022 owing to higher patient footfall in clinical laboratories for urine testing for disease diagnosis
  • Home care segment is expected to witness significant growth over the forecast period owing to increasing investment for the development of home-based urine testing kits for disease diagnosis
  • North America segment dominated the market in 2022 due to favorable reimbursement policies, rising incidence of UTI, well-established healthcare infrastructure, and supportive regulatory reforms

Urinalysis Market Report Scope

Report AttributeDetails
Market size value in 2023USD 2.23 billion
Revenue forecast in 2030USD 3.07 billion
Growth rateCAGR of 4.7% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in Urinalysis Market

  • Abbott
  • Sysmex Corporation
  • Siemens Healthcare GmbH
  • ACON Laboratories, Inc.
  • ARKRAY Inc.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Hoffmann-La Roche Ltd.
  • Quidel Corporation
  • Bio-Rad Laboratories, Inc.

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

San Francisco, 29 Dec 2023: The Report Veterinary Diagnostics Market Size, Share & Trends Analysis Report By Species (Canine, Feline), By End-use (POC/In-House, Labs), By Testing Type (Immunoassays, Pathology), By Product, By Disease Type, And Segment Forecasts, 2023 – 2030

The global veterinary diagnostics market size is expected to reach USD 16.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.2% from 2023 to 2030. The growing incidence of zoonotic and foodborne diseases is expected to drive the market over the forecast period. Moreover, increasing companion ownership in developing countries is another factor propelling the market. Approximately 75% of all novel and emerging human infectious ailments are zoonotic, like COVID-19, denoting that they can jump from animals to individuals. To combat COVID-19 and future pandemics, leaders from the Group of Seven in a February 2021 statement called for “affordable and equitable access to diagnostics” along with strengthening the One Health approach that unites veterinary, medical, and environmental disciplines in a cooperative effort.

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

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

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

Access Research Report of Veterinary Diagnostics Market @ https://www.grandviewresearch.com/industry-analysis/veterinary-diagnostics-market

Veterinary Diagnostics Market Report Highlights

  • Global meat production is expected to rise tremendously due to high demand, growing population, and increasing per capita income in emerging nations. This will drive the overall market growth
  • Consumables held the largest revenue share in 2022 owing to an increased usage of consumables in point-of-care diagnostics
  • Under the species segment, the canine type held the major share in 2022 followed by, feline & porcine. The growth can be attributed to increasing pet healthcare expenditure and growing companion ownership
  • Pathology held the largest revenue share of testing type in 2022 owing to the high demand for diagnostic consumables & instruments utilized during laboratory testing and the increased volume of pathology tests performed for production animals, avians, and pets
  • Non-infectious diseases held the highest market share in the diseases segment in 2022. But the number of hereditary, congenital, structural, and functional diseases in livestock and companion animals is increasing worldwide
  • The point of care segment is expected to show the fastest CAGR over the forecast years due to its rapidity, efficiency, and user convenience

Veterinary Diagnostics Market Report Scope

Report AttributeDetails
Market size value in 2023USD 8.06 billion
Revenue forecast in 2030USD 16.9 billion
Growth rateCAGR of 11.2% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in Veterinary Diagnostics Market

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

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Tissue Diagnostics Market Outlook On The Basis Of Technology, Application, End-Use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 28 Dec 2023: The Report Tissue Diagnostics Market Size, Share & Trends Analysis Report By Technology (ISH, Digital Pathology), By Application (Breast Cancer, Prostate Cancer), By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global tissue diagnostics market size is expected to reach USD 8.99 billion by 2030, growing at 7.15% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Accelerating demand for automated tissue diagnostic systems due to a lack of skilled pathologists has driven the tissue diagnostics industry. The advent of advanced imaging techniques, such as auto fluorescence, that minimize the need for invasive diagnostics further supplements the market growth.

The use of digital slides has significantly increased in recent years, owing to its associated benefits including flexible magnification and remote access to slides. The growing emphasis on precision medicine is supported by several organizations & companies in the U.S., which is expected to contribute to the market growth. Additionally, companies are supporting the development of precision medicine with novel oncology solutions. For instance, in May 2020, QIAGEN launched new oncology solutions, such as the QCI Interpret One software solution for genomic profiling of tumors. The advancements in imaging techniques are expected to positively influence market growth.

In addition, one of the emerging trends in the tissue diagnostics industry is the integration of digital pathology and artificial intelligence (AI). Digital pathology involves the scanning and digitization of tissue slides, allowing pathologists to review and analyze images remotely. AI algorithms can then be applied to these digital images to aid in the interpretation and analysis of tissue samples. This integration enables faster and more accurate diagnoses, enhances workflow efficiency, and improves patient care. It also facilitates the development of predictive models and precision medicine approaches. As a result, there is a growing demand for digital pathology solutions and AI-driven tissue diagnostics platforms in the market.

With technological improvements in imaging techniques, the sensitivity of detection and diagnosis of breast cancer has also improved. For instance, in May 2023, with an emphasis on AI-guided breast cancer diagnoses, BPGbio recently announced an agreement with the Department of Defense (DoD). The new panel, created with artificial intelligence, is intended to detect women diagnosed with ER+ breast cancer but do not react to hormone therapy, allowing for more suitable treatment alternatives and improving treatment response.

The unique 34-gene breast cancer diagnostic panel from BPGbio will also receive wider evaluation through the Interrogative Biology Platform, focusing on ER+ breast cancers, which are significantly rising. Technological expansion in breast tissue analysis includes procedures for evaluating gene expression, cellular biochemistry, and molecular biology using digital methods, tomosynthesis, CAD, and other methods.

Access Research Report of Tissue Diagnostics Market @ https://www.grandviewresearch.com/industry-analysis/tissue-diagnostics-market

Tissue Diagnostics Market Report Highlights

  • The IHC segment held the largest share of the tissue diagnostics industry in 2022. IHC tests are highly adopted as these tests provide precision and help identify the variations between different types of cancer, resulting in the largest revenue share
  • The digital pathology and workflow segment is expected to grow at the fastest CAGR during the study period. A rise in investments in the development of advanced infrastructure to digitalize images is anticipated to drive the digital pathology segment. Moreover, an increase in the demand for automated modalities owing to a dearth of skilled pathologists further compliments this growth
  • A large number of breast cancer cases coupled with a rise in the application of digital image processing techniques on histopathological samples for breast cancer detection contributes to the largest share of the tissue diagnostics industry
  • The hospital segment dominated the tissue diagnostics industry in 2022 due to the high adoption of tissue diagnostics solutions. These solutions provide more accurate results in minimal time than conventional testing procedures
  • North America accounted for the largest revenue share of the tissue diagnostics industry in 2022 owing to increasing collaborations between pharmaceutical and biotech firms to expand their product offerings
  • Abbott, QIAGEN, Roche, Siemens, Danaher, Thermo Fisher, and Merck are some key participants operating in the market. Key vendors are engaged in novel product developments, partnerships, and acquisition models to maintain their revenue share in the market

Tissue Diagnostic Market Report Scope

Report AttributeDetails
Market size value in 2023USD 5.55 billion
Revenue forecast in 2030USD 8.99 billion
Growth rateCAGR of 7.15% from 2023 to 2030
Base year for estimation2023
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Tissue Diagnostics Market

  • Hoffmann-La Roche Ltd.
  • Abbott Laboratories
  • Thermo Fisher Scientific Inc.
  • Siemens
  • Danaher
  • bioMérieux SA
  • QIAGEN
  • BD
  • Merck KGaA
  • GE Healthcare
  • BioGenex
  • Cell Signaling Technology, Inc.
  • Bio SB
  • DiaGenic ASA
  • Agilent Technologies

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Unsaturated Polyester Resin Market Trends Analysis Report By Application, End-Use, Form, Region And Forecast To 2028: Grand View Research Inc.

San Francisco, 28 Dec 2023: The Report Unsaturated Polyester Resin Market Size, Share & Trends Analysis Report By Product (DCPD, Orthophthalic, Isophthalic), By End-use, By Form (Liquid Form, Powder Form), By Region, And Segment Forecasts, 2023 – 2030

The global unsaturated polyester resin market size is expected to reach USD 20.9 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.1% 2023 to 2030. Developments in the building and construction industry and applications of tanks and pipes are likely to drive demand for isophthalic acid in these end-use industries. Moreover, the increase in the use of environmentally friendly and energy-saving products is also expected to positively affect the market.

Favorable government regulations and infrastructure development initiatives such as increased foreign investment, subsidy provisions, and trade promotion are expected to increase demand for unsaturated polyester resin products over the forecast period. For instance, some of the development initiatives include the O’Hare and LaGuardia airport project in the United States, the Beijing airport expansion in China, the Government of India’s Make in India initiative, etc.

It is expected that increased demand for unsaturated polyester resin products capable of operating at high temperatures and aggressive environments will encourage their use in the construction industry. The unsaturated polyester resin composite has allowed consumers to select products for a specific end-use from a wide range of options. The expansion of product distribution channels has also made products available to users, which has been the driving force behind the growth of the unsaturated polyester resin market.

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Unsaturated Polyester Resin Market Reports Highlights

  • The market was valued at USD 12.21 billion in 2022 and is expected to expand at a CAGR of 7.1% from 2023 to 2030
  • Orthopthalic occupied the largest revenue share on account of its higher price and increasing usage in construction, electronics, and automotive sectors
  • DCPD emerged as the fastest growing product segment in Europe and North America as it exhibits properties such as high deflection temperature, high resistance to chemical corrosion, and high impact resistance
  • Rising demand for environment-friendly and energy saving products & solutions is expected to drive this market
  • The marine end-use segment accounted for over 6% of the global market revenue share in 2022 and is projected to expand at the highest CAGR over forecast period
  • Stringent environmental rules and regulations and focus on indoor air quality is anticipated to drive the isophthalic unsaturated polyester resin
  • Increasing investment from government and private institutions in the building and construction sector is projected to contribute to the demand for these resins

Unsaturated Polyester Resin Market Report Scope

Report AttributeDetails
Market size value in 2023USD 12.9 billion
Revenue forecast in 2030USD 20.9 billion
Growth RateCAGR of 7.1% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players of Unsaturated Polyester Resin Market

  • AOC, LLC
  • INEOS
  • BASF SE
  • Polynt
  • LERG SA
  • Koninklijke DSM N.V.
  • U-PICA Company. Ltd.
  • Eternal Materials Co., Ltd.
  • Satyen Polymers Pvt. Ltd.
  • CIECH Group
  • Dow Inc.
  • UPC Group
  • Scott Bader Company Ltd.
  • Deltech Corporation
  • Tianhe Resin Co., Ltd.
  • Qualipoly Chemical Corp.

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Thermoplastic Elastomer Market Segment Analysis By Application, Material, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 28 Dec 2023: The Report Thermoplastic Elastomer Market Size, Share & Trends Analysis Report By Application (Automotive, Electrical & Electronics, Industrial, Medical, Consumer Goods), By Material, By Region, And Segment Forecasts, 2022 – 2030

The global thermoplastic elastomer market size is expected to reach USD 40.06 billion by 2030, according to a new study by Grand View Research, Inc., expanding at a CAGR of 7.2% from 2022 to 2030. Superior properties of PCTFE and robust growth in end-use industries are some of the key factors that are presumed to drive the regional markets. R&D initiatives to develop superior robust products that have a wide application base across diverse industries offer ample opportunities for industry growth.

Thermoplastic elastomers are unique, eco-friendly thermoplastics that are not only recyclable but can also be re-molded and re-shaped, thereby eliminating wastage quite extensively. These offer various other advantages in terms of physical attributes and characteristics such as resistance to chemicals, UV, oxidation, and providing soft-touch to materials. These properties are increasingly driving rubber and conventional plastic material replacement by TPEs in their respective applications. Several federal bodies such as the FDA and US Pharmacopeia regulate product applications in numerous end-use industries to ensure utmost consumer health and safety. These regulations affirm TPE utilization for commercial applications by providing guidelines for prudent product usage.

Major applications of thermoplastic elastomers include automotive, electrical and electronics, industrial, medical, consumer goods, and others. Automotive dominated the market in 2021 and will continue its lead over the coming years. Prominent thermoplastic elastomer materials include poly styrenes, poly olefins, poly ether imides, poly urethanes, poly esters, poly amides. Poly styrenes led the global market in 2021. Asia Pacific occupied the second-largest revenue share in 2021. Increasing awareness regarding consumer safety and protection in electronics and electrical industries is also expected to drive the global market throughout the forecast period, thereby driving the demand for thermoplastic elastomers in the region.

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Thermoplastic Elastomer Market Report Highlights

  • North America dominated the overall market in 2021 with a revenue share of over 35.0%
  • The automotive application segment held the largest revenue share in 2021 and is also anticipated to maintain dominance over the forecast period
  • Poly styrenes emerged as the largest material segment in 2021 with a revenue share of more than 35.0% and is also anticipated to maintain its lead over the forecast period

Thermoplastic Elastomer Market Report Scope

Report AttributeDetails
Market size value in 2022USD 22.91 billion
Revenue forecast in 2030USD 40.06 billion
Growth RateCAGR of 7.2% from 2022 to 2030
Base year for estimation2021
Historical data2019 – 2020
Forecast period2022 – 2030

List of Key Players of Thermoplastic Elastomer Market

  • Advanced Elastomer Systems L.P.
  • Arkema S.A.
  • BASF SE
  • Bayer MaterialScience LLC
  • China Petroleum & Chemical Corporation
  • Dynasol Elastomers LLC
  • EMS Group
  • Evonik Industries
  • Huntsman Corporation
  • Kraton Polymers LLC
  • LG Chemicals
  • LCY Chemical Corporation
  • Lubrizol Corporation
  • LyondellBasell Industries
  • Nippon Polyurethane Industry Company Ltd.
  • Avient Corporation
  • Teknor APEX Company
  • The Dow Chemical Company
  • TSRC Corporation
  • Yantai Wanhua Polyurethane Co. Ltd.

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Supply Chain Analytics Market Focusing On The Basis Of Solution, Service, Deployment, Enterprise Size, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 27 Dec 2023: The Report Supply Chain Analytics Market Size, Share & Trends Analysis Report By Solution (Manufacturing, Logistics Analytics), By Deployment (On-premise, Cloud), By Service, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global supply chain analytics market size is projected to reach USD 22.46 billion by 2030, according to a new study by Grand View Research, Inc.The market is anticipated to register a CAGR of 17.8% from 2023 to 2030. Supply chain analytics (SCA) is becoming popular as the demand for managing vast volumes of company data and its insights for strategic applications grows. As the demand for automation technologies and investment from technology developers increases, so does the demand for cognitive computing and AI. The growing awareness among businesses of the advantages of SCA in terms of improved visibility across the whole supply chain is fueling demand for analytics solutions.

The increased availability of cloud-based SCA solutions has triggered their demand among small & medium enterprises (SMEs) owing to benefits such as easy deployment, shorter implementation window, effective use of IT resources, and flexibility & mobility offered by these solutions. Another notable trend in the market is the increased demand for risk analytics solutions across all industries. Risk analytics solutions address multiple issues associated with the supply chain by analyzing scenarios and sensitivity, stochastic optimization, and risk mitigation.

The supply chain industry is evolving rapidly. Even in challenging circumstances, modern technology and tools such as blockchain and Artificial Intelligence (AI) generative tools can assist business owners to improve their supply chain cycle and compete better in the market. To rapidly discover problems and identify errors, several organizations use blockchain technology to consolidate all operations and data onto a single platform. For instance, in June 2023, International Business Machines Corporation partnered with Adobe, a computer software company, to provide brands with an improved content supply chain using the capabilities of next-generation AI. Adobe clients will benefit from a streamlined generative AI landscape due to the integration of Adobe’s generative AI models with the comprehensive technical experience of IBM consulting services, including technology innovation, design, and strategy.

Improved effectiveness of business outcomes and cost-effectiveness of supply chain management resulting from the adoption of SCA is also expected to encourage the adoption of SCA solutions in several end-use applications. Demand is expected to remain robust in retail, consumer, healthcare, and manufacturing industries. Furthermore, the market’s capacity to offer effective and efficient administration of end-to-end business processes is anticipated to drive its expansion over the forecast period. 

Access Research Report of Supply Chain Analytics Market @ https://www.grandviewresearch.com/industry-analysis/the-global-supply-chain-analytics-market

Supply Chain Analytics Market Report Highlights

  • In terms of solution, the sales & operations analytics segment held the largest market share in 2022 exceeding 28%. This growth can be attributed to the growing emerging trend of use of machine learning in SCA solutions. It dissects and aggregates data and produces predictive, descriptive, and prescriptive insights. These insights enable supply chain managers to make better decisions
  • In terms of service, the professional segment dominated the market in 2022 with a revenue share of over 60% and is expected to retain its dominance over the forecast period. The segment’s growth is predicted to be driven by the increasing automation of professional services due to the adoption of big data and analytics, as well as the growing desire for improved mobility among service consultants
  • In terms of deployment, the cloud segment is anticipated to register the fastest CAGR of 19.1% from 2023 to 2030. Cloud-based solutions enable businesses to access data from linked devices at any time, allowing for further customization and the use of analytical tools across numerous business channels
  • In terms of enterprise size, the large enterprise segment held the largest market share in 2022 at over 59%. This growth can be attributed to the need to manage large amounts of data that must be effectively managed in local offices and overseas
  • In terms of end-use, the high-technology products segment is anticipated to register the fastest CAGR of 20.6% from 2023 to 2030. This growth can be attributed to the increasing demand for high-technology products, which are complex to move and demand better visibility & tracking
  • In terms of region, the North America region dominated the global market in 2022 with a revenue share of over 37%. Due to the region’s huge number of SCA service providers, the regional market is expected to maintain its dominance over the forecast period

Supply Chain Analytics Market Report Scope

Report AttributeDetails
Market size value in 2023USD 7.15 billion
Revenue forecast in 2030USD 22.46 billion
Growth rateCAGR of 17.8% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Supply Chain Analytics Market

  • Accenture PLC
  • Aera Technology
  • Birst, Inc.
  • Capgemini SA
  • Genpact Limited
  • International Business Machines Corporation
  • JDA Software Group, Inc.
  • Kinaxis
  • Lockheed Martin Corporation
  • Maersk Group
  • Manhattan Associates, Inc.

Access Press Release of Supply Chain Analytics Market @ https://www.grandviewresearch.com/press-release/supply-chain-analytics-market-analysis

Surgical Retractors Market Trends Analysis Report By Type, Product, Application, End-Use, Region And Forecast To 2028: Grand View Research Inc.

San Francisco, 27 Dec 2023: The Report Surgical Retractors Market Size, Share & Trends Analysis Report By Type (Handheld, Self-retaining), By Product (Abdominal Retractor, Finger retractor) By Application (Neurosurgery, Ob/Gyn), By End-use), By Region, And Segment Forecasts, 2023 – 2030

The global surgical retractors market size is estimated to reach USD 2.5 billion by 2030 registering a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Increase in the number of surgical procedures owing to the growing prevalence of chronic diseases, rising adoption of minimally invasive surgeries and development of minimally invasive surgical retractors by major players are the factors expected to contribute to growth. The presence of a large number of players and their growing number of strategic initiatives to enhance their product portfolios is expected to boost growth.

Growing awareness about organ donation and an increasing number of transplantation procedures have a direct impact on the growth. Along with this, open heart surgeries, Kidney procedures, and trauma cases include heavy usage of surgical retractors. The introduction of advanced surgical retractors which include a minimal effort by surgeons is being preferred to reduce turnaround time. Increasing adoption of robotic surgery is also anticipated to play important role in market growth. The market started to normalize after the second wave of the COVID-19 pandemic. Increasing vaccination and resuming elective surgeries under strict guidelines are anticipated to increase the demand in the second semester of 2021. 

Access Research Report of Surgical Retractors Market @ https://www.grandviewresearch.com/industry-analysis/surgical-retractor-market

Surgical Retractors Market Report Highlights

  • The handheld type segment accounted for the largest revenue share in 2022 owing to high preference and low price
  • The orthopedic segment held the largest revenue share in 2022 in the product outlook
  • The Obstetrics and Gynecology (Ob/Gyn) segment held the largest revenue share in 2022 due to its advantages including minimal post-operative pain and ease of procedure
  • North America held the largest market share in the market and is predicted to maintain its dominance over the forecast period

Surgical Retractors Market Report Scope

Report AttributeDetails
Market size value in 2023USD 1.8 billion
Revenue forecast in 2030USD 2.5 billion
Growth rateCAGR of 4.8% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List Of Key Players in the Surgical Retractors Market

  • Medtronic
  • Becton, Dickinson, and Company (BD)
  • Medical Devices Business Services, Inc.
  • Teleflex Incorporated
  • Medline Industries, Inc.
  • Braun Melsungen AG
  • Applied Medical Resources Corporation
  • Thompson Surgical
  • Innomed, Inc.
  • LiNA Medical ApS
  • Vivo Surgical Private Limited
  • BVI
  • CooperSurgical Inc.
  • Stryker
  • Terumo Corporation
  • June Medical Group
  • Mediflex Surgical Products
  • Chamfond Biotech Co., Ltd
  • Applied Medical Technology, Inc. (AMT)
  • Microcure (Suzhou) Medical Technology Co., Ltd.
  • Changzhou Haiers Medical Devices Co., Ltd
  • Boston Scientific Corporation
  • Coloplast

Access Press Release of Surgical Retractors Market @ https://www.grandviewresearch.com/press-release/global-surgical-retractors-market

Surface Disinfectant Market Outlook On The Basis Of Composition, Form, Application, End-Use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 27 Dec 2023: The Report Surface Disinfectant Market Size, Share & Trends Analysis Report By Composition (Chemical, Biobased), By Form (Liquid, Wipes), By End-use, By Application, By Region, And Segment Forecasts, 2023 – 2030

The global surface disinfectant market size is expected to reach USD 9.49 billion by 2030, registering a CAGR of 7.1% from 2023 to 2030 as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing commonness and consumption of healthcare-associated infections (HAIs).

The future growth can be attributed to several factors which include growing infrastructure, and construction activities, automotive production, industrial production, travel (business and leisure), as well as the need to maintain cleanliness at each and every location. Furthermore, mounting demand for green solutions such as biobased surface disinfectants continue to contribute to global market growth.

Surface disinfectants are expected to witness soaring demand from various sectors including institutional, industrial, residential, and commercial. Consumers of surface disinfectants largely include diverse production units, namely, automobiles, transportation, food & beverage, hospitality & restaurant, processing facilities (poultry and meat hygiene), provincial authorities, building service contractors & cleaning companies, municipalities, retail (supermarkets), hospitals, and multiple other commercial facilities.

The global surface disinfectant industry was positively impacted by the ongoing COVID-19 pandemic in the first half of 2020 and even in 2021 due to the high demand from hospitals. In addition, growing awareness regarding the advantages of cleaning post-pandemic and re-opening of public places such as educational institutes, cafes, hotels, malls, and restaurantshad a positive impact on the market.

Access Research Report of Surface Disinfectant Market @ https://www.grandviewresearch.com/industry-analysis/surface-disinfectant-market

Surface Disinfectant Market Report Highlights

  • The spray form is anticipated to witness the fastest CAGR of nearly 10.7% over the forecast period, due to the rising application of surface disinfectant sprays on multiple border objects, especially in the wake of the COVID-19 pandemic outbreak
  • The in-house application segment is expected to expand at the fastest CAGR of 7.3% over the forecast period. This is because of the inclusion of the product in household cleaning activities such as glass cleaning, hard floor cleaning, carpet, and surface cleaning
  • Hotel/restaurants/cafe end-use is anticipated to register the fastest CAGR of approximately 8.2% owing to rising demand for the product for time-to-time cleaning and disinfecting activities carried out the restaurants, hotels, and cafes
  • Biobased products are estimated to be the fastest growing types with a CAGR of 13.3%, owing to the growing awareness among the people about the toxicity and environmental hazards of chemical-based products as well as the availability of more eco-friendly substitute
  • Asia Pacific is anticipated to dominate with the highest CAGR of nearly 8.1% during the forecast period. This is due to factors like an increase in public awareness regarding hygiene and health, in addition to the adoption of higher standards of cleaning and disinfection

Surface Disinfectant Market Report Scope

Report AttributeDetails
Market size value in 2023USD 5.85 billion
Revenue forecast in 2030USD 9.49 billion
Growth RateCAGR of 7.1% from 2023 to 2030
Base year for estimation2023
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Surface Disinfectant Market

  • PDI, Inc.
  • GOJO Industries, Inc.
  • M. Barr
  • Spartan Chemical Company, Inc.
  • W. Grainger, Inc.
  • Carenowmedical
  • Reckitt Benckiser Group PLC
  • PaxChem Ltd.
  • BODE Chemie GmbH
  • Star Brands Ltd.
  • The 3M Company
  • Ecolab
  • Procter & Gamble
  • The Clorox Company
  • Whiteley Corporation
  • Lonza
  • SC Johnson Professional
  • BASF SE
  • Evonik Industries AG
  • Kimberley-Clark Corporation (KCWW)
  • Medline Industries, Inc.

Access Press Release of Surface Disinfectant Market @ https://www.grandviewresearch.com/press-release/global-surface-disinfectant-market

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