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

San Francisco, 31 Jan 2024: The Report Viscosupplementation Market Size, Share & Trends Analysis Report By Product (Single Injection, Three Injection, Five Injection), By End-use (Hospitals, Orthopedic Clinics/ASCs), By Region (Asia Pacific, Europe), And Segment Forecasts, 2023 – 2030

The global viscosupplementation market size is expected to reach USD 9.14 billion by 2030 and is expected to grow at a CAGR of 9.58% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is driven by several key factors, including a rise in the elderly population, an increase in osteoarthritis cases among older individuals, and substantial investments in research and development. According to the CDC, approximately 25% of adults in the United States currently experience some type of arthritis, and this number is expected to reach 78 million by 2040. As a result, the demand for viscosupplementation is predicted to surge in the coming years.

Furthermore, the market growth is being propelled by the increasing adoption of key strategies, such as acquisition, agreement, collaboration, and partnership, by companies. For instance, in December 2021, Avanos Medical, a medical technology company, acquired OrthogenRx, Inc., a trailblazer in viscosupplementation therapy for knee osteoarthritis treatment. The acquisition amounted to approximately USD 160 billion. Avanos utilizes FDA-approved products, such as TriVisc and GenVisc850, to provide effective solutions in this field. Moreover, favorable reimbursement policies with respect to the geriatric population are expected to act as an opportunity for market growth.

Over the past few years, there has been a remarkable increase in the number of orthopedic surgeons in developing nations like South Korea, Russia, and China. This trend indicates significant growth potential in the Asia Pacific region, which boasts a large patient population and untapped opportunities when compared to the United States. Consequently, the introduction of new products by market players in Asian countries is anticipated to drive further growth in the market.

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Viscosupplementation Market Report Highlights

• The three-injection product segment dominated the market with a share of over 43.1% in 2022 and is expected to continue its dominance throughout the forecast period
• The single-injection product is relatively new in the market with many medtech companies undertaking clinical trials for the approval of their single and three injection services
• The orthopedic clinics/ASCs end-use segment held the largest share in 2022 due to ease of facilities and administrations, and technological upgradations. Their facilities, which provide outpatient services, remain more feasible for the geriatric population. The segment is expected to continue its dominance throughout the forecast period
• Asia Pacific dominated the market and accounted for the largest revenue share of 45.57% in 2022 due to its large geriatric population
• Europe is anticipated to register the fastest CAGR of around 10.7% over the forecast period due to medical advancements and the presence of untapped opportunities. The region is also forecasted to witness a growth in its geriatric population, resulting in more cases of osteoarthritis

Viscosupplementation Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 4.81 billion
Revenue forecast in 2030	USD 9.14 billion
Growth rate	CAGR of 9.58% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Viscosupplementation Market

• DePuy Synthes
• Fidia Farmaceutici S.p.A
• Sanofi
• Smith & Nephew PLC
• Anika Therapeutics, Inc.
• Seikagaku Corp.
• Zimmer Biomet
• Ferring Pharmaceuticals B.V.
• Lifecore Biomedical
• LG Life Sciences Ltd.
• Hoffmann-La Roche Ltd.

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Smart Parking Systems Market Segmented On The Basis Of Hardware, Software, Service, Type, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 31 Jan 2024: The Report Smart Parking Systems Market Size, Share, & Trends Analysis Report By Hardware (Pucks, Cameras & LPRs, Smart Meters, Signage), By Software, By Service, By Type, By Application, By Region, And Segment Forecasts, 2023 – 2030

The global smart parking systems market is expected to reach USD 30.16 billion by 2030 and expand at a significant CAGR of 22.1% from 2023 to 2030 according to Grand View Research, The smart parking systems market is expected to witness remarkable growth during the forecast period owing to the subsequent rise in traffic congestion and an increasing number of automobiles on roads. Further, an increase in the number of smartphone users worldwide simultaneously increases the number of users to park, pay, and book the slots in advance over mobile apps, supporting the smart parking systems market growth.

Favorable government policies & regulations and investments are accelerating the smart parking systems implementation for a seamless, user-friendly parking experience for operators & drivers. Further, the rising demand for smart parking systems equipped with advanced features such as voice guidance enabled through smartphone apps and auto-payment options is expected to drive the smart parking systems market. Various parking lots prefer Automatic Number Plate Recognition (ANPR) systems for the efficient operation of access control systems and the management of vehicles in parking areas.

Development in payment technologies, advancements in wireless technologies, and increasing availability of integrated automated market solutions are some key factors driving the smart parking systems market growth. Moreover, several countries’ governments’ significant focus on sustainable mobility solutions by reducing pollution and lowering traffic congestion through private & public space allocation is creating a positive smart parking systems market outlook. These smart parking systems use sensors, wireless communication technology, and data analytics to address parking issues in metros and cities.

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Smart Parking Systems Market Report Highlights

• The cameras and LPRs segment is expected to expand at a significant CAGR of 23.3% over the forecast period. The technological developments in license plate recognition systems and image processing techniques are anticipated to accelerate the adoption of cameras and LPRs in the forecast period.
• The analytics solution segment is anticipated to exhibit a CAGR of 25.2% during the forecast period. The promising growth prospects of the segment can be attributed to the benefits offered by these systems, such as the analysis of customer behavior and usage patterns.
• The mobile app parking services segment is estimated to witness significant growth in terms of revenue by 2030, registering a CAGR of 26.2% during the forecast period. The growth of the segment can be attributed to the large-scale adoption of smartphones and apps supporting smart parking. These applications enable easy reservation of slots and mobile-enabled payments.
• The off-street segment is poised to exhibit a significant CAGR of 22.6% in the forecast period. The growing demand for garages and lots for parking spaces in off-streets are the key driving factors for the market’s growth.
• The government segment is expected to witness significant growth, registering a CAGR of 23.9% during the forecast period. Several governments globally are implementing smart city development projects, which is anticipated to strengthen the growth of this vertical over the forecast period.
• The smart parking systems market in the Asia Pacific is anticipated to witness the highest CAGR of 25.4% over the forecast period. The regional governments are improving parking management and reducing traffic congestion and air pollution, which is expected to fuel the demand for smart parking systems in the region.

Smart Parking Systems Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 7.44 billion
Revenue forecast in 2030	USD 30.16 billion
Growth rate	CAGR of 22.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Players in Smart Parking Systems Market

• Altiux Innovations
• Amano McGann, Inc.
• Amco S.A.
• BMW AG (ParkNow GmbH, Parkmobile LLC)
• Cisco Systems, Inc.
• CivicSmart, Inc.
• Deteq Solutions
• Flowbird
• gtechna
• INDECT Electronics & Distribution GmbH
• Kapsch TrafficCom
• Libelium Comunicaciones Distribuidas S.L.
• Meter Feeder, Inc.
• Mindteck
• Municipal Parking Services, Inc.
• Nedap N.V.
• Park Assist
• ParkHelp Technologies
• ParkJockey
• ParkMe Inc.
• Robert Bosch GmbH
• Siemens AG
• SKIDATA AG
• Smart Parking Ltd.
• SpotHero, Inc.
• Swarco AG
• Urbiotica, S.L.

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Circuit Protection Market Segmented On The Basis Of product, application, channel, region And Forecast 2028: Grand View Research Inc.

San Francisco, 31 Jan 2024: The Report Circuit Protection Market Size, Share & Trends Analysis Report By Product (Circuit Breaker, Fuse, Inrush Current Limiter, Mobile Power Protection), By Channel, By Application, By Region, And Segment Forecasts, 2023 – 2030

The global circuit protection market size is expected to reach USD 72,677.3 million by 2030 registering a CAGR of 5.9 from 2023 to 2030 according to a new study by Grand View Research, Inc. The primary drivers of the global market growth include expanding energy infrastructure development activities, the necessity of revamping the power transmission and distribution network, and a focus on creating new energy connectivity. Additionally, in order to protect the machinery from the probability of power fluctuation and short circuits, there is an increasing demand for advanced circuit protection equipment throughout industry verticals, including electronics, communications, and automotive. The growth of the global market is anticipated to be positively impacted by the above-mentioned factors in the upcoming years.

Rapid urbanization in developing nations and substantial government and private sector investment in renewable energy generation projects are the main drivers influencing the market’s expansion. Likewise, the market is anticipated to grow as a result of the global automotive industry’s surging sales, strict government restrictions, and consumer concern about passenger safety and security.

The demand for circuit-breakers is expected to rise as a result of factors like continued industrialization in developing nations, the expanding worldwide market for electric vehicles, and the proliferation of digitally connected gadgets. The rising temperature is also proliferating demand for air conditioners, which is projected to drive up demand for fuse and current protection components, thus aiding the growth of the global market.

The market was negatively affected as a result of the COVID-19 pandemic. In early 2020, the government enforced lockdown limitations resulting in suspended production. The lockdown restrictions disrupted the supply chain by delaying the product supply. However, as the government has eased workplace restrictions enabling assembly plants to resume operation the market is expected to recover. Similarly, the recovering automobile industry will foster market growth.

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Circuit Protection Market Report Highlights

• In 2022, the circuit breaker segment accounted for more than 21.77% of the global market. This growth in energy infrastructure projects can be related to the demand for higher-quality fuses to protect electrical equipment. In addition, the target segment is anticipated to grow as urbanization and the demand for reliable energy sources both rise
• Over the course of the forecast period, Asia Pacific is expected to increase at a 7.0% CAGR. This development is ascribed to an increase in energy consumption from industries including power generation, transportation, and telecommunication
• The main stakeholders’ attention is on expanding the company through partnerships and acquisitions. For instance, in July 2022 the Irish-American power management giant Eaton Corporation announced that it would buy a 50% stake in Jiangsu Huineng Electric Co. Ltd

Circuit Protection Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 48,470.8 million
Revenue forecast in 2030	USD 72,677.3 million
Growth rate	CAGR of 5.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Circuit Protection Market

• ABB Ltd.
• Bel Fuse Inc
• Schneider Electric SE
• Mitsubishi Electric Corporation
• Eaton Corporation plc
• General Electric Company
• Siemens AG
• Rockwell Automation, Inc.
• Larsen & Toubro Limited
• NXP Semiconductors N.V.
• SCHURTER Holding AG
• Sensata Technologies Holding plc
• Texas Instruments Incorporated

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Fluid Dispensing Systems Market Outlook On The Basis Of Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 29 Jan 2024: The Report Fluid Dispensing Systems Market Size, Share & Trends Analysis Report By Product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), By Region, By Application, And Segment Forecasts, 2023 – 2030

The global fluid dispensing systems market size is estimated to reach USD 59.94 billion by 2030, registering an estimated CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing usage in electrical and electronics for semiconductor packaging and circuit board assembly is projected to drive the demand for Fluid Dispensing Systems (FDS).

The continuous evolution in dispensing systems manufacturing techniques has resulted in a continuously improving and widening application scenario for these systems as compared to their traditional counterparts. Fluid dispensing systems are primarily responsible for the controlled flow of liquids such as solvents, inks, and glues for diverse applications including medical devices and electrical and electronics assembly.

The fluid dispensing systems market is anticipated to benefit substantially from the revolutionized automotive industry across the globe. Rising need for dispensing liquids in manufacturing of machine parts such as wheel bearings, engine parts, oil seals, and motor is expected to propel demand. The systems help improve production efficiency while reducing the chance for errors, which is a key factor fueling the market.

On the basis of product, the FDS market is segmented into flux, lubricant, solder paste, adhesives and sealants, conformal coatings, and others. In terms of revenue, the adhesives and sealants segment held the market share in 2022. The segment is projected to account for the largest market share over the forecast period.

On the basis of application, the market is segmented into electrical and electronics assembly, medical devices, transportation, construction, and others. Electrical and electronics assembly was the dominant application segment and accounted for 34.6% of the market share in terms of revenue in 2022. The segment is expected to expand the CAGR from 2023 to 2030 owing to rising consumer disposable income and preferences towards miniaturized and pocket friendly devices at an affordable cost.

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Fluid Dispensing Systems Market Report Highlights

• Adhesive and sealant segment held the highest market share of 32.0% in terms of revenue, in 2022, attributed to the wide application scope of the product across almost all industry verticals
• Lubricants emerged as the second largest product segment accounting for 26.5% of the market share in terms of revenue in 2022.
• In 2022, electrical and electronics assembly was the dominant application segment with a market share of 34.6% in terms of revenue, owing to rising consumer disposable income and preference for miniaturized and pocket friendly devices at an affordable cost.
• Automotive was the second largest application segment accounting for 24.1% of the global market share in terms of revenue in 2022.
• Asia Pacific is estimated to lead the market over the forecast period owing to strong demand from end-use industries such as electrical and electronics, medical devices, and automotive

Fluid Dispensing Systems Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 39,978.4 million
Revenue forecast in 2030	USD 59.94 billion
Growth rate	CAGR of 5.7% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Fluid Dispensing Systems Market

• Graco, Protec Co. Ltd.
• Speedline Technologies
• Musashi Engineering Inc.
• GPD Global Inc.
• Fisnar Inc.
• Techcon Systems
• Intertronics
• Valco Melton
• Dymax Corp.
• Henline Adhesive Equipment Corp.
• ITW Dynatec
• Sulzer Mixpac
• IVEK Corp.

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Veterinary Orthopedics Market Outlook On The Basis Of Application, Product, Animal Type, End-Use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 30 Jan 2024: The Report Veterinary Orthopedics Market Size, Share & Trends Analysis Report By Application (TPLO, TTA), By Animal Type (Canine, Feline), By Product (Implants, Instruments), By End-use, By Region, And Segment Forecasts, 2024 – 2030

The global veterinary orthopedics market size is anticipated to reach USD 945.94 million by 2030 and it is projected to grow at a CAGR of 7.46% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the increasing animal population, the prevalence of pet obesity, incidence of orthopedic disorders in pets, adoption of pet insurance, and the number of orthopedic surgeries on pets. Moreover, increasing technological advancements in veterinary devices and implants are expected to contribute to market growth. According to FEDIAF and internal GVR estimates there were about 12.6 million pet dogs and 12.9 million pet cats in the UK in 2023. This number is notably greater than the 9 million pet dogs and 7.5 million pet cats estimated in 2018.

The COVID-19 pandemic significantly impacted the market as the number of elective surgeries went down due to lockdown and quarantine measures. Access to veterinary care and services was also restricted, further dampening the demand for vet orthopedic products. In March 2020, the Harmony Veterinary Center in compliance with government guidelines suspended all its elective procedures, surgeries, and dentistry services during the COVID-19 outbreak. However, by 2021, the market resumed its growth as the underlying drivers remained unchanged and is expected to grow significantly over the forecast period.

According to Association for Pet Obesity Prevention, 60% of cats and 56% of dogs were estimated to be overweight/obese in the U.S., in 2018. This percentage increased to 61% of cats and 59% of dogs estimated to be overweight or obese in 2022. Obesity increases pressure on joints and bones that may lead to surgical interventions. The most common orthopedic surgeries carried out on canines were femoral head osteotomy, bones fracture repair, cruciate ligament repair, and medial patellar luxation. The prevalence of osteoarthritis in animals is increasing because of obesity, which is boosting the demand for veterinary orthopedic devices and surgeries.

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Veterinary Orthopedics Market Report Highlights

• By application, the TPLO segment dominated the market with a revenue share of 29% in 2023. The other applications segment comprising corrective osteotomies, tightrope, and tibial tuberosity transposition is anticipated to grow at the fastest CAGR of 9.14% during the forecast period.
• By animal type, canine segment held the highest market share in 2023. Feline segment is expected to register the fastest CAGR from 2024 to 2030.
• In terms of products, the implants segment accounted for the highest market share in 2023 and is also projected to grow the fastest CAGR in the forecast period.
• By End-use, veterinary hospitals & clinics segment held the highest share of the market in 2023. Others segment comprising veterinary research centers and academic institutes is estimated to grow at the fastest CAGR in the forecast period.
• By region, North America accounted for the largest share of about 53% of the market in 2023. Asia Pacific region is anticipated to grow the fastest CAGR at a rate of about 9.54% in the forecast period.
• The cost of orthopedic procedures and implants influence market dynamics, with affordability being a key consideration for pet owners.

Veterinary Orthopedics Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 614.30 million
Revenue forecast in 2030	USD 945.94 million
Growth rate	CAGR of 7.46% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in the Veterinary Orthopedics Market

• Braun Melsungen AG
• Vimian Group AB
• Integra LifeSciences
• DePuy Synthes (Johnson & Johnson)
• AmerisourceBergen Corporation
• Arthrex, Inc.
• Orthomed (UK) Ltd
• Veterinary Instrumentation
• Fusion Implants
• Narang Medical Limited

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Omega 3 Supplements Market Segmented On The Basis Of Source, Form, Functionality, End-User, Distribution Channel, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 30 Jan 2024: The Report Omega 3 Supplements Market Size, Share & Trends Analysis Report By Source (Fish, Krill Oil), By Form (Soft Gels, Capsules), By End User (Adults, Infants), By Functionality, By Distribution Channel, And Segment Forecasts, 2020 – 2028

The global omega 3 supplements market size is expected to reach USD 10.80 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.6% from 2020 to 2028. The demand for omega-3 supplements is projected to be driven by the growing adoption of the product to fulfill the daily nutritional requirements and maintain optimum health of organs by the geriatric population in developed economies, such as the U.S., Canada, the U.K., and France.

Furthermore, the outbreak of COVID-19 from the beginning of 2020 led to increased consumer awareness regarding the significance of immunity and immunity-boosting products, which is expected to fuel the demand for various omega fatty acids products. Increasing incorporation of products in gummies form with novel flavor is expected to increase product penetration among children in the coming years.

Docosahexaenoic acid (DHA) is an omega-3 fatty acid comprising over 93.0% of omega-3 fats in the retina and 97.0% in the human brain. Rising demand for DHA supplements for pregnant ladies owing to lack of adequate DHA in the diet is expected to drive the market. Additionally, increasing demand for omega-3 DHA-rich supplements from non-lactating mothers is expected to propel the product demand over the forecast period.

Rising chronic diseases such as strokes, arthritis, coronary heart diseases, and cancer are expected to propel the demand for omega 3 supplements over the upcoming years. According to the World Health Organization (WHO), over 14 million people between the ages of 30 and 70 die every year due to distinguished chronic diseases. Rising government support to provide consumers with low-cost preventive drugs is projected to propel the demand for omega 3 supplements over the forecast period.

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Omega 3 Supplements Market Report Highlights

• In terms of source, the krill oil-based omega 3 supplements are projected to expand at the fastest CAGR of 11.1% over the projected period on account of the growing demand for eicosapentaenoic acid (EPA) and DHA-based supplements among consumers globally
• On the basis of functionality, the cardiovascular health segment accounted for over 37.0% share of the overall revenue in 2019. The growing prevalence of cardiovascular diseases as a result of the slow and inactive lifestyle, especially in the age group of 30 to 40 years, and fluctuating dietary patterns are anticipated to spur the segment growth over the next few years
• The market in China is expected to witness significant growth over the upcoming years owing to the propelling spending capacity of consumers. Easy online availability of these supplements in the country has also strengthened its demand in the country
• Strong mass channels of distribution, online sales, and a growing number of standalone mass facing brands by several companies, including Optimum Nutrition; Herbalife International of America, Inc.; Now Foods., and Amway are the key factors expected to fuel the demand for fish oil-based omega 3 supplements over the upcoming years
• In September 2020, Aker BioMarine launched a new support vessel at Yantai yard, China. The new vessel’s launching has assured the stakeholders that the lockdown due to the COVID-19 pandemic has not affected the company

Omega 3 Supplements Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 6.03 billion
Revenue forecast in 2028	USD 10.80 billion
Growth rate	CAGR of 8.6% from 2020 to 2028
Base year for estimation	2020
Historical data	2017 – 2019
Forecast period	2020 – 2028

List of Key Players of Omega 3 Supplements Market

• Nordic Naturals, Inc.
• NutriGold Inc.
• Reckitt Benckiser Group plc
• Pharma Nord B.V
• i-Health, Inc.
• Aker BioMarine AS
• Luhua Biomarine (Shandong) Co., Ltd.
• Pharmavite LLC
• KD Pharma Group
• NOW Foods
• GlaxoSmithKline plc
• Natrol LLC
• Carlson Laboratories
• OmegaBrite
• Optimum Nutrition, Inc.
• VAYA Pharma
• Vital Choice Wild Seafood & Organics, SPC
• Bionova
• The Nature’s Bounty Co.
• Arkopharma

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Thermoplastic Vulcanizates Market Trends Analysis Report By Application, Region And Forecast To 2028: Grand View Research Inc.

San Francisco, 30 Jan 2024: The Report Thermoplastic Vulcanizates Market Size, Share & Trends Analysis Report By Application (Automotive, Fluid Handling, Consumer Goods, Medical, Footwear, Others), By Region, And Segment Forecasts, 2023 – 2030

The global thermoplastic vulcanizates market size is expected to reach USD 2.80 billion by 2030, registering a CAGR of 7.6% during the forecast period, according to a new report by Grand View Research, Inc. Growing demand for the lightweight, high-performance materials from the automotive industry is expected to drive the global thermoplastic vulcanizates (TPV) market.

Increasing government intervention in fuel efficiency has led to the use of high-performance engineering plastics, including TPV, spurring demand. The growth of the consumer goods industry in the BRIC countries is also expected to have a positive impact on the global market. Price volatility for the key commodities is expected to remain a major concern for the market participants during the forecast period.

In addition, the growing demand for bio-based thermoplastics is expected to positively influence the overall market growth in the coming years. The continuing scarcity of fossil resources and the rise in crude oil prices have forced the world to look for new solutions regarding the development of TPV from renewable raw materials. Growing concerns about toxic problems associated with petrochemicals, as well as the depletion of crude oil reserves, have spurred the development of bio-based TPVs.

Government regulations restricting the consumption of petrochemical-based TPVs in certain areas such as consumer goods and medical devices are expected to further stimulate bio-based products in the thermoplastic vulcanizates market.

In the field of thermoplastic elastomers, the development of bio-based TPVs is in its early stage. However, it has a huge scope in the future as an alternative to its petrochemical counterparts. Furthermore, bio-based TPVs have the potential to substitute petrochemical-based TPVs in the existing markets as well as open up new perspectives, which is expected to create lucrative growth opportunities for bio-based thermoplastic vulcanizates in the coming years.

Depending on the application, the market is divided into automotive, liquid, consumer, medical, footwear, and others. Among them, medical applications are expected to show the fastest growth during the forecast period. High demand for advanced medical services due to the presence of increasing aging of the population, well-developed healthcare infrastructure, and increasing incidences of cardiovascular diseases worldwide is expected to drive the demand for medical devices, which in turn will positively affect the demand for TPV in medical applications.

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Thermoplastic Vulcanizates Market Report Highlights

• The global thermoplastic vulcanizates (TPV) market was valued at USD 1.56 billion in 2022 and is estimated to expand at a CAGR of 7.6% from 2022 to 2030
• The automotive segment led the market and accounted for more than 58.0% share of the global revenue in 2022
• The significant demand is attributed to the rising demand for lightweight and high-performance materials in the automotive industry
• Asia Pacific accounted for more than 28.0% share of the overall revenue in 2022 and is expected to witness prominent CAGR during the forecast period
• India thermoplastics vulcanizates market to witness a growth of 9.5% during the forecast period

Thermoplastic Vulcanizates Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.65 billion
Revenue forecast in 2030	USD 2.80 billion
Growth Rate	CAGR of 7.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of the key players in the Thermoplastic Vulcanizates Market

• JSR Corporation
• Exxon Mobil Corp.
• RTP Company
• DuPont de Nemours, Inc.
• Mitsui Chemicals, Inc.
• Celanese Corp.
• Lyondell Basell Industries Holdings B.V.
• Mitsubishi Chemical Corp.
• Ravago Manufacturing
• KUMHO POLYCHEM
• Avient Corporation
• FM Plastics
• Elastron TPE
• Ravago
• LCY GROUP

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Material Handling Equipment Market Segmented On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 Jan 2024: The Report Material Handling Equipment Market Size, Share & Trends Analysis Report By Product (Cranes & Lifting Equipment, Racking & Storage Equipment), By Application, By Region, And Segment Forecasts, 2022 – 2030

The global material handling equipment market size is expected to reach USD 350.21 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% from 2022 to 2030. Growing demand for warehouse operational flexibility and supply chain transparency is anticipated to have a positive impact on industry growth. The market for material handling equipment was temporarily shut down due to the outbreak of COVID-19, resulting in the shutdown of manufacturing facilities and a slowdown in the logistics industry. The ongoing suspension of business operations has a negative effect on the growth of the industry, particularly in the industrial sector.

Small hand trucks, pallet jacks, automatic guided vehicles (AGVs), and shelves or racks are required in warehouses to locate the stock, move goods quickly, manage orders, and localize the stock. The rising demand for warehouse operational flexibility, combined with increased supply chain transparency, is anticipated to drive the global demand for these products. Ongoing automation and technological improvements in the market such as the introduction of robotic systems and conveyors and the increasing demand for automated products, such as automated guided vehicles automated conveyors, and robotic systems, are expected to boost the industry growth.

The material handling equipment enhances industrial operations, ensures timely material supply, and reduces labor requirements. In addition, increasing requirements of manufacturers for optimum resource utilization and surging concerns over warehouse downtime are expected to fuel the growth of the market. Manufacturers of the product adopt several strategies, including mergers and acquisitions and joint ventures, to enhance their market penetration. For instance, in June 2022, BEUMER Group acquired FAM Group, a supplier of conveyor systems. With this initiative, BEUMER Group strengthened its market position in the minerals and mining sectors.

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Material Handling Equipment Market Report Highlights

• By product, cranes and lifting equipment accounted for over 35.0% share of the global revenue in 2021 owing to its increased penetration across various end-use industries such as construction, manufacturing, and semiconductor and electronics
• The e-commerce application segment accounted for the largest revenue share of over 20.0% in 2021 owing to factors such as increased penetration of online shopping platforms, the existence of large online merchants, and rising logistics infrastructure
• The Asia Pacific region accounted for the largest revenue share of over 35.0% in 2021 owing to the growing food retail sector in Asia Pacific which increases the efficiency and speed of the picking and sorting processes
• Latin America is estimated to register a CAGR of 6.0% over the forecast period owing to the increasing investments in various end-use industries such as automotive, e-commerce, and food and beverages
• Manufacturers of material handling equipment adopt several strategies, including acquisitions, mergers, joint ventures, new product developments, and geographical expansions, to enhance their market penetration

Material Handling Equipment Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 224.42 billion
Revenue forecast in 2030	USD 350.21 billion
Growth rate	CAGR of 5.7% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 – 2020
Forecast period	2022 – 2030

List of Key Players in Material Handling Equipment Market

• BEUMER GROUP
• Daifuku Co., Ltd.
• Honeywell International, Inc.
• KION GROUP AG
• Mecalux, S.A.
• Murata Manufacturing Co., Ltd.
• SSI SCHAEFER
• Swisslog Holding AG
• TOYOTA INDUSTRIES CORPORATION
• Vanderlande Industries B.V.

Access Press Release of Material Handling Equipment Market @ https://www.grandviewresearch.com/press-release/global-material-handling-equipment-systems-market

U.S. Transcription Market Outlook On The Basis Of Vertical, Type And Forecast From 2023 To 2030: Grand View Research Inc.

San Francisco, 29 Jan 2024: The Report U.S. Transcription Market Size, Share & Trends Analysis Report By Vertical (Legal, Medical, Media & Entertainment, BFSI, Government, Education), By Type (Software, Services), And Segment Forecasts, 2023 – 2030

The U.S. transcription market size is expected to reach USD 41.89 billion by 2030, registering a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Transcription services are widely used in the entertainment, legal, and healthcare sectors as there is a need for accurate data. An increase in online audio and video content and a significant population with hearing disabilities will further influence the transcription market’s growth.

Companies are increasingly turning to transcription services due to the continued growth of the multimedia industry. Live and recorded telecasts of sports events, talk shows, and digital content on OTT platforms are adopting transcription services. Increased access to content from various corners of the globe comes with a specific language barrier. 3Play Media provides transcription services for more than 20 languages backed by innovative technology for its customers in the legal, health, and podcasts industry. Additionally, they also offer transcription for dual languages.

Transcription service providers have adopted advanced Artificial Intelligence AI and Machine Learning technologies to automate processes. Automation saves time and human costs, gives precise results, and is used in courtrooms, institutions, clinics, etc. For instance, Robin Healthcare and Moretti Group have adopted the latest technologies to serve various customers.

The COVID-19 pandemic has normalized remote work and impacted the growth of the U.S. transcription industry. Meetings consume time, and communication barriers make them more difficult. Transcription companies have used this to their advantage to expand their businesses. For instance, VITAC provides Internet Captioning Services (ICS) for events to its VITAC Zoom customers, reducing customers’ requirements to share large volumes of API tokens.

Access Research Report of U.S. Transcription Market @ https://www.grandviewresearch.com/industry-analysis/us-transcription-market

U.S. Transcription Market Report Highlights

• Service providers are rapidly adopting speech recognition technology to achieve higher accuracy and reduce costs. Text-to-speech (TTS) technology is said to drive the growth of the transcription market
• In the U.S., 20% of people have hearing impairments, which is prompting the demand for video and audio transcription services, thereby propelling the growth of the market. Service providers follow WCAG 2.0 guidelines developed by World Wide Web Consortium to provide digital content to disabled users
• AI-based transcription services have gained popularity in legal, entertainment, and education sectors as it transforms recorded and live videos and audio with more than 99% accuracy

U.S. Transcription Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 28.19 billion
Revenue forecast in 2030	USD 41.89 billion
Growth rate	CAGR of 5.8% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of U.S. Transcription Market

• 3Play Media
• VITAC
• TranscribeMe
• Moretti Group
• Robin Healthcare
• Peterson Reporting
• TSG Reporting, Inc.
• Captionmax
• Nuance Communication, Inc.
• MModal IP LLC

Access Press Release of U.S. Transcription Market @ https://www.grandviewresearch.com/press-release/us-transcription-market-analysis

High Performance Computing Market Trends Analysis Report By Component, Deployment, End-Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 29 Jan 2024: The Report High Performance Computing Market Size, Share & Trends Analysis Report By Component (Servers, Storage, Networking Devices), By Deployment (On-premise, Cloud), By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global high-performance computing market size is expected to reach USD 87.31 billion by 2030 and is expected to expand at 7.5% CAGR from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. High-performance computing (HPC) can be categorized into high-performance technical computing (HPTC) and high-performance business computing (HPBC).

HPTC is highly used in the fields of science and engineering. It is particularly used by government agencies, defense agencies, educational and research institutions, and incumbents of the manufacturing industry, among others. On the other hand, HPBC is suitable for applications, such as gaming and fraud detection. Logistics companies and providers of financial services, among others, also opt for HPBC. The rising popularity of HPC systems among manufacturing companies, government departments, and defense agencies is primarily driving the growth of the high-performance computing industry.

High-performance computing systems envisage a cluster of computers that can run long algorithms and solve complex problems and equations at high speeds, with higher accuracy than those offered by conventional computing systems. Previously, HPC systems were used only by the navigation and aerospace industries. However, the diversification of the IT industry, growing adoption of cloud computing, continuous developments in artificial intelligence, and the rising need for business analytics are prompting various end-use industries to adopt HPC systems.

Data centers particularly require an architecture capable of processing large volumes of data. High-performance computing systems can ensure adequate computing power for such data centers. Various other organizations also adopt HPC systems to process their data at higher speed, with higher accuracy and simplify their complex business procedures. research and academic institutions have also started adopting HPC systems to maximize the computational efficiency required during the initial stages of research.

The high computational capabilities offered by HPC systems have paved the way to execute high-end research projects that were previously deemed impossible. As such, HPC systems can be helpful in several fields, including computational biology, genetics, medicine, structural analysis, geophysics statistics, electromagnetism, nuclear physics, astrophysics, and mathematical modeling, among others. Similarly, the high efficiency offered by HPC systems can help researchers in undertaking research activities in various fields, such as deep neural networks, human genome mapping and modeling, and artificial intelligence, among others.

The vendors of high-performance computing systems are increasingly focusing on delivering enhanced solutions that can cater to diverse requirements. These solutions may include basic configurations and management tools that are easy to deploy and capable of adapting to changing workloads. However, although the application portfolio of HPC systems continues to grow, the lack of awareness about HPC systems, budget constraints at small and medium-sized enterprises, and concerns such as data security remain hindrances to the growth of the high-performance computing industry.

Access Research Report of High Performance Computing Market @ https://www.grandviewresearch.com/industry-analysis/high-performance-computing-market

High-Performance Computing Market Report Highlights

• The on-premise segment held the largest market share in 2022. This segment is expected to grow at the highest CAGR of over 8.5% during the forecast period due to the several benefits, such as cost-effectiveness, scalability, ease of deployment, and stronger security associated with cloud deployment
• The government & defense segment held the largest market share in 2022 and is also expected to grow at the highest CAGR of over 9.0%. The growth can be attributed to the growing adoption of HPC systems in surveillance, aircraft simulation, encryption, and decryption of confidential information
• The North America market is anticipated to witness significant growth during the forecast period. New supercomputing facilities are coming up in the region in line with the advancements in technology, which bodes well for the growth of the regional market. The U.S. is already home to the top-5 supercomputers. The country also held the largest market share of over 75% in 2022 and is expected to lead the regional growth during the forecast period
• Market players are striking partnerships and collaborating as part of their efforts to strengthen their position in the market. For instance, in September 2017, Cray Research Inc. entered a strategic partnership with Seagate. The partnership will result in Cray Research Inc. procuring drives, containers, controllers, and other components related to the high-performance computing technology from Seagate

High-Performance Computing Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 52.64 billion
Revenue forecast in 2030	USD 87.31 billion
Growth Rate	CAGR of 7.5% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the High-Performance Computing Market

• Atos SE
• Advanced Micro Devices, Inc
• Hewlett Packard Enterprise Development LP
• Dell Inc.
• Cisco Systems, Inc.
• Fujitsu
• Intel Corporation
• IBM
• Microsoft
• Amazon Web Services, Inc.

Access Press Release of High Performance Computing Market @

https://www.grandviewresearch.com/press-release/global-high-performance-computing-hpc-market