Latest Industry Insights

The global Succinic Acid Market size is expected to reach USD 512.8 million by 2030, registering a CAGR of 9.7% during the forecast period, according to a new report published by Grand View Research, Inc. The growth is attributed to a surge in demand from the end-use industries, such as food & beverages, pharmaceutical, and personal care & cosmetics. In the food & beverages industry, Succinic Acid (SA) is used as a food additive in dietary supplements and food preservation. In the pharmaceutical industry, the product finds application in the preparation of vitamin A and many anti-inflammatory products. It is also used in the formulation of cosmetics and personal care products, such as toothpaste, perfumes, nail polish, and liquid soaps.

Succinic acid is produced from Liquefied Petroleum Gas (LPG). Petroleum gas is often expensive. As an alternative to LPG-based production, succinic acid is generated by different microbes and is naturally formed by undertaking the process of anaerobic digestion. It is regarded as a common organic acid that is used in a variety of applications. Bio-based SA is similar in structure to petroleum-based products. However, it helps reduce carbon emission, as well as optimize and enhance the performance of the acid. Rising customer preference for biodegradable plastics and other greener materials is a key factor driving the market growth.

The COVID-19 pandemic crippled economies across the globe and severely impacted the supply chains across industries. The supply chain of raw materials for succinic acid production was drastically impacted, changing the production and consumption patterns globally. The industrial end-use segment dominated succinic acid consumption over the last decade. But a halt in the production of non-essential chemicals, ingredients, or industrial products during the pandemic hampered the demand for starting materials, adversely impacting the demand. However, with the lifting of lockdowns and movement restrictions, the market is expected to witness a steady rise in demand.

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Succinic Acid Market Report Highlights

• The bio-based type segment is estimated to register the fastest CAGR from 2022 to 2030 due to the increasing carbon footprint of petro-based products, price fluctuation of fossil fuels, and growing preference for locally-produced raw materials
• The industrial end-use segment is expected to register the fastest CAGR from 2022 to 2030 due to a wide application scope of the product as a raw material to produce numerous chemicals
• The product is used to develop biodegradable polyesters and polyurethanes, which are further used in paints, plastics, pesticides, rubber, nylon, solvents, and other industries
• Asia Pacific is projected to record the fastest CAGR from 2022 to 2030 due to the factors such as easy availability of low-cost labor and raw materials, growing disposable income, changing consumer lifestyles, and rapid growth of the packaging industry
• The global market is highly competitive due to the presence of many multinational companies. These companies take strategic decisions, such as mergers & acquisitions, joint ventures, and partnerships to gain a competitive advantage over others

The global Hair Removal Devices Market size is expected to reach USD 2.1 billion by 2030, registering a CAGR of 8.6% during the forecast period, according to a new report by Grand View Research, Inc. Rising beauty consciousness, particularly among women, has been driving the growth of this market. Men are also following this trend due to the rise in awareness about the need for better grooming. In addition, there is a high demand for noninvasive techniques for hair removal, such as the laser technique, owing to the benefits associated with their usage. Moreover, these devices are also designed for home use. This factor is also contributing to the high demand for personal non-invasive grooming techniques.

The COVID-19 pandemic had adversely affected the market due to a decline in operations, sales, and revenue. The pandemic has temporarily changed the customers’ spending habits due to the restrictions imposed by the governments across various nations. Customers have started opting for at-home services for beauty and other aesthetic procedures. The availability of technologically advanced products also plays an important role in boosting the growth of the market. New laser devices emit longer wavelengths of light, which enables them to avoid the melanin in darker skin and focus on the melanin present in hair follicles. This eliminates the risk of causing skin burns. All these factors are expected to drive the market in the coming years.

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Hair Removal Devices Market Report Highlights

• Laser devices held the largest share in 2021 owing to their benefits, such as painless treatment and rapid hair reduction
• Diode lasers segment is lucrative, as they provide rapid hair reduction with minimum adverse effects
• In 2021, the beauty clinics segment dominated the market because a large number of consumers prefer rapid treatment sessions, unlike dermatology clinics
• The home-use segment is anticipated to exhibit the second-fastest CAGR during the forecast period due to the easy availability of these devices through retail & online distribution channels
• North America held the largest revenue share in 2021 due to its well-developed healthcare infrastructure and growth in the number of hair reduction procedures in the U.S.
• Asia Pacific is anticipated to witness the highest growth rate during the forecast period owing to increasing awareness about advanced equipment and the availability of affordable laser hair removal devices in China

The global Organic Personal Care Market size is expected to reach USD 42.19 billion by 2030, registering a CAGR of 9.1% over the forecast period, according to a new report by Grand View Research, Inc. Organic products are gaining traction among a growing number of consumers, driven by the rising environmental awareness globally. Usage of organically-sourced ingredients in product formulations is anticipated to surge in the next few years as per the trends observed in skincare product consumption. Demand for products free from synthetic fragrances, preservatives, parabens, petrochemicals, and harsh cleaners, such as sodium lauryl sulfate has been on the rise over the past few years.

Numerous market players are involved in manufacturing a variety of organic personal care products such as sunscreens, body lotions, shampoos, scrubs, anti-aging creams, make-up removers, masks and exfoliators, and eye care products, lip care products, BB creams, face oils, and cleansers/toners. The skin care segment held the largest revenue share in 2021 and is expected to maintain dominance during the forecast period. Skin problems, such as acne and dryness, are common among consumers globally. Owing to this, the brands are offering organic products with active ingredients to address skin issues. Some of the brands in this category are Annmarie, Amala, True Botanicals, and Made Simple.

The growing popularity of organic skin care products with active ingredients to fight major skin issues is a predominant factor driving the market growth. The hypermarkets/supermarkets segment accounted for the largest revenue share in 2021. The increasing availability of such products at Walmart, Target, Costco, and Tesco among others has helped in driving the sale of organic personal care products through this channel. Furthermore, a large number of consumers prefer buying products due to the shopping experience offered at these stores. The market is fragmented in nature, with the presence of a large number of global and regional players.

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Organic Personal Care Market Report Highlights

• Oral care is projected to register the fastest growth rate from 2022 to 2030 owing to the increasing awareness about dental health & wellness among millennial and Gen Z consumers
• The e-commerce distribution channel segment is anticipated to register the fastest growth rate during the forecast period
• This growth can be attributed to the increasing consumer access to a wide range of products from different global brands
• Asia Pacific is expected to register the fastest CAGR during the forecast period. Countries, such as China and India, are among the top contributors to the regional market growth
• This growth can be attributed to the extensive usage of organic products for personal care

The Europe Orthopedic Navigation Systems Market size is expected to reach USD 2.05 billion by 2030, according to a new report published by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.9% from 2022 to 2030. The rising number of target diseases especially in the geriatric population is responsible for the rapid growth of the market. According to the Executive Agency for Health and Consumers, one in ten people in the geriatric population in Europe is suffering from osteoarthritis.

Minimal invasion and low post-operative complications associated with computer-assisted surgery are anticipated to drive regional market growth over the forecast period. Moreover, the introduction of technologically advanced products is expected to induce demand for orthopedic navigation systems. For instance, Orthokey Italia developed a new version of KiRA system integrating it with the iPad to aid in the study of the kinematics of a patient’s knee joint. Moreover, favorable reimbursement policies associated with orthopedic navigation systems are anticipated to further propel the demand over the forecast period.

During the outbreak of COVID-19, non-emergency procedures were canceled, which adversely impacted the market, as restrictions resulted in delays for a number of procedures. Approximately 10 million individuals in the U.K. are waiting for surgical procedures, increasing from 4 million before the pandemic. Currently, most nations have elevated restrictions on elective surgery. As a result of the recommencement of surgical procedures at full force, the market is anticipated to gather pace in the forthcoming years.

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Europe Orthopedic Navigation Systems Market Report Highlights

• Knee surgeries dominated the European market as of 2021, accounting for over 47.0% of the total revenue, owing to the rising number of partial & total knee replacement surgeries
• Hip surgery is anticipated to register a steady CAGR over the forecast period, owing to the rising number of hip replacement surgeries. According to the OECD, hip replacements in the U.K. are more recurrent and more than 177 per 100,000 populations undergo hip replacement surgeries each year
• Germany dominated the overall Europe market in terms of revenue in 2014 with a revenue share of 17.6%. The presence of sophisticated healthcare infrastructure coupled with high healthcare expenditures, and a higher volume of joint reconstruction procedures in this region are some factors attributing to the aforementioned conclusion
• The U.K. is pegged to witness lucrative growth during the forecast period, owing to the rising prevalence of diseases such as osteoarthritis and increasing usage of computer-aided navigation systems in knee & hip replacement surgeries. Moreover, high awareness levels, R&D funding, and the presence of skilled orthopedic surgeons are likely to fuel future demand
• Some prominent market participants include Stryker Navigation, B Braun Melsungen AG, Brain Lab, Zimmer Biomet, Microport Medical, Amplitude, De Puy, Medtronic, Orthokey Italia
• Market share capitalization via new product development is the most effective sustainability strategy adopted by these players

The global Car Phone Holder Market size is anticipated to reach USD 1.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2022 to 2030. Car phone holder makes a crucial accessory, mainly used to hold mobile phones while driving on a road in passenger and cargo cars. The inclination of customers towards enhanced performance experience while driving, and the surge in demand for passenger cars owing to a rise in disposable income and improved lifestyle drive the growth of the market.

The car phone holder is the easiest-to-use and most convenient solution for holding a mobile in a car. The multi-utility and premium car phone holders are used for attending calls, checking emails, accessing google maps, playing music, and performing various other different tasks without actually holding a mobile in hand. At present, majority of the car accidents are caused owing to mobile phone usage while driving. For instance, the Insurance Institute for Highway Safety declared that fatal crash risk is 66% higher when using a mobile. An excellent car phone holder can reduce those risks and enhance driver and vehicle safety.

Car phone holder offers a wide range of applications with installing and using car phone mounts to permit secure and safe control of the car’s entertainment system and provides a wireless car charger. Additionally, they are used for holding the mobile near the dashboard, making it easy to use the navigation system, or to maintain hands-free calling. The need for safety and security while driving on the road has been propelling the demand for car phone holders for the past few years.

The COVID-19 pandemic is affecting the market, impacting key supply chains, weakening manufacturing confidence, while low demand for raw materials and commodities is heightening the uncertainty for the market. The production facilities of the automobile parts have been shut due to the disruption in supply chain management, production halt, and unavailability of the workforce across the globe. However, recovery in the pandemic situation and production resumption of automotive and its accessories is likely to uplift the growth of the market.

Related Press Release@ Car Phone Holder Market Report

Car Phone Holder Market Report Highlights

• The market is expected to grow at a significant pace from 2022 to 2030 on account of growing safety-related concerns and rising road accident cases while driving
• The air vent mounted segment accounted for the largest revenue share in 2021 and is projected to maintain its leading position during the forecast period. These car phone holder types are easy to secure and their placement on the air vent makes them very convenient for the driver to read and reach
• The online segment is anticipated to lead the distribution channel segment owing to the growing online presence of retailers and easy to compare and buy method
• Asia Pacific had the largest market share in 2021 and is likely to continue the same trend in the coming years. Rising demand for automobiles and the growing spending power of consumers along with the necessity for driver’s safety are some of the aspects leading to the growth of the region

The global Intracranial Pressure Monitoring Devices Market size is anticipated to reach USD 2.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. The primary driving factors for market growth are increasing adoption of minimally invasive surgeries, high demand in trauma care, and technological advancements. The COVID-19 pandemic is expected to have a short-term and moderate impact on the market. According to a research study  “COVID-19 and stroke: A review” published in Elsevier journal (International Hemorrhagic Stroke Association) (Jan 2021), up to 36% of hospitalized COVID-19 patients might exhibit neurological symptoms and there were several cases related to ischemic and hemorrhagic infarction.

In addition, according to this study, 606 adults affected with COVID-19 were detected with brain or other nerve-related medical problems at some stage during their illness. Thus, these factors are expected to create lucrative opportunities for the market to grow in the near future. Over the forecast period, technological advancements are expected to be a crucial driver in the growth of the market. For example, in April 2019, at the American Association of Neurological Surgeons 2019 in California, Integra LifeSciences Corporation unveiled its newest Codman Specialty surgical solutions. Certas Plus Portfolio Expansion, CereLink Intracranial Pressure (ICP) Monitoring System, Integra Duo LED Surgical Headlight, and CUSA Clarity Tough Tissue Technology were the products on display.

Related Press Release@ Intracranial Pressure Monitoring Devices Market Report

Intracranial Pressure Monitoring Devices Market Report Highlights

• By technique, the invasive segment held the largest share of 80.9% in 2021. High accuracy of devices and technological advancements are expected to drive segment growth
• Based on the application, the traumatic brain injury segment held the largest revenue share of 31.6% in 2021. The growing occurrence of TBIs around the world, which has resulted in a high need for care of these cases, necessitates the extensive use of ICP monitoring devices; this is a primary factor responsible for the substantial proportion of this market segment
• In Asia Pacific, the market for intracranial pressure monitoring devices is expected to witness a CAGR of 7.7% over the forecast period. Various factors are responsible for the region's growth, such as the increasing geriatric population, growing healthcare infrastructure development, as well as the presence of such a huge patient base in this region

The global Air Conditioning Systems Market size is expected to reach USD 175.15 billion by 2028, registering a CAGR of 6.2% from 2021 to 2028 according to a study conducted by Grand View Research, Inc. Factors such as increasing international tourism, growing consumer spending on home improvement, and introduction of energy-efficient systems, coupled with the rising popularity of green cooling concepts, are expected to drive the market growth over the forecast period.

Global events usually pave the way for extensive construction projects, such as the establishment of new buildings and improvement of existing infrastructure. These projects aim at accommodating and catering to the needs of international tourists & visitors or working professionals and providing them enhanced facilities. For instance, the 2020 Summer Olympics event, expected to be held in Tokyo, is expected to drive the construction and development of ample commercial, residential, and lodging spaces in the city before the event commences. Similarly, in Dubai, the government is expected to make significant investments in infrastructure development to accommodate the large number of visitors expected to be attending the Expo 2020, a universal exposition. This, in turn, is creating an increased demand for air conditioners.

The competitive landscape of the market is highly consolidated and characterized by high competition with the presence of key players such as Carrier Corporation, Haier Inc., Electrolux, Ingersoll-Rand plc, and DAIKIN INDUSTRIES, LTD. These players are engaged in mergers and acquisitions to enhance their market presence. For instance, in January 2018, Ingersoll Rand plc and Mitsubishi Electric Corporation signed a contract to create a joint venture to enhance the marketing, sales, and distribution of VRF and ductless heating and air conditioning systems. Under the partnership, the companies will distribute their products under the American Standard and Trane brands using the latter’s corporate logo and the former’s distribution channels.

Related Press Release@ Air Conditioning Systems Market Report

Air Conditioning Systems Market Report Highlights

• The Packaged Terminal Air Conditioners (PTAC) segment is expected to register a CAGR of over 4.0% from 2019 to 2025 in terms of volume. This growth of the segment can be attributed to their increasing adoption in the hospitality and residential sectors
• In terms of technology, the inverter segment is expected to experience significant growth over the forecast period owing to its ability to control the speed of the compressor motor, which helps in the continuous regulation of temperature. This variable speed compressor helps in saving 50% more energy and power as compared to non-inverter air conditioners
• The commercial end-use segment accounted for nearly 20% of the overall market share in 2018. The segment is also anticipated to witness substantial growth over the forecast period owing to the rapid industrialization in various North American and European countries
• The air conditioning systems market for North America is expected to exhibit a CAGR of over 6% from 2019 to 2025 in terms of revenue. With high penetration of air conditioners in developed economies such as the U.S., the region is expected to experience growth owing to increasing demand for replacement and refurbishment of existing systems.

The global Medical Supply Delivery Service Market size is expected to reach USD 101.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.3% from 2021 to 2028. The growing need for ensuring quick, safe, and secure transportation of samples and specimens for testing, reducing logistics costs, and increasing focus on improving the healthcare system is increasing the demand for medical supply delivery services. The increasing incidence of road accidents owing to various factors leading to blood loss and immediate requirement for blood is boosting the market growth. Furthermore, the growing geriatric population, rising incidence of diabetes and hypertension, and the rising surgical procedures for organ transplants are driving the market growth.

The medical supplies application segment accounted for the largest revenue share in 2020 owing to the increasing incidence of chronic diseases, rise in the number of surgical procedures, growing geriatric population, and the increase in the prevalence of chronic diseases across the globe. The lab specimens and reports segment is expected to exhibit the fastest growth rate during the forecast period owing to the growing prevalence of COVID-19 and increasing demand for testing services to combat the disease spread. In addition, the segment is expected to witness an increase in the adoption of these services for the timely supply of time-sensitive samples to avoid contamination.

In 2020, the courier delivery mode of service segment held the largest revenue share due to the rise in demand for medical couriers for transporting confidential and time-sensitive health care items to the end-users. It will include prescription medications, paperwork, medical specimens, lab work, infusion medicine, equipment, and supplies. The drone delivery segment is anticipated to register the fastest growth rate during the forecast period. It is due to the increase in the adoption of drones for timely and contactless transportation of emergency supplies to urban and rural areas, where transportation is expected to be challenging.

The pharmacies end-user segment accounted for the largest revenue share in 2020 owing to the rising prevalence of chronic diseases, technological advancements, increasing demand for drugs and vaccines, and rising adoption of these services to support last-mile delivery of prescription-based and other medications. The patients segment is anticipated to be the fastest-growing segment during the forecast period owing to the increasing prevalence of chronic conditions and growing demand for at-home delivery to avoid in-person visits to pharmacies.

In 2020, Asia Pacific dominated the market. It can be attributed to the rise in the adoption of new technologies, the growing geriatric population, and the increasing demand for blood and blood components required for various procedures. Europe is expected to be the fastest-growing regional market during the forecast period owing to infrastructure investments, higher labor costs amidst workforce shortages, evolving care models, and advancements in warehousing facilities.

Related Press Release@  Medical Supply Delivery Service Market Report

Medical Supply Delivery Service Market Report Highlights

• The medical supplies application segment dominated the market in 2020 due to the increasing incidence of chronic diseases and the growing geriatric population undergoing various minor or major surgical procedures
• By mode of service, the courier delivery segment dominated the market in 2020 owing to the increasing adoption of these services for on-time transportation of time-sensitive healthcare items to reduce turnaround time and avoid contamination
• The pharmacies end-user segment dominated the market in 2020 owing to the rising geriatric population and increasing demand for drugs and vaccines amid the COVID-19 pandemic
• Asia Pacific dominated the market in 2020 owing to a large population and increasing technological advancements in the region

The global Clinical Workflow Solutions Market size is expected to reach USD 19.25 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.4% from 2021 to 2028. An increased volume of patient health information due to the rising prevalence of chronic conditions and the high demand for better quality care by patients is expected to fuel the adoption of workflow software and services in healthcare settings. Rising awareness amongst the caregivers and patients pertinent to the benefits of integrated solutions and interest in reliable technology for efficient decision-making is anticipated to fuel the adoption of workflow solutions.

The interoperability and compatibility of the systems with different platforms due to their robust technology have enhanced the growth prospects for the market. Collaborative efforts by software developers along with researchers to make healthcare information available to users are projected to contribute to the lucrative growth over the forecast period. Furthermore, strategic initiatives intended by the industry participants for developing end-to-end solutions are expected to boost the competition in the market.

The COVID-19 pandemic presented numerous challenges such as financial challenges to the healthcare organizations. The pandemic continues to focus on how interconnected the world’s social, economic, and environmental challenges are. The market players are increasingly focusing on bringing innovation and new ways to safeguard the health and safety of their employees, meeting critical customer requirements, and guaranteeing business continuity. For instance, in July 2020, Hillromproclaimed a new commercial partnership with Aivato to enable voice-permitted clinical workflows. Thus, it allows hands-free communication for both patients and staff.

Moreover, improvements in healthcare IT have offered an ever-expanding array of options like advanced broadband networks, remote patient monitoring, and EHRs. This, in turn, created substantial opportunities for clinical workflow solution vendors. With the help of these integration solutions, healthcare organizations can advance clinical workflow and significantly improve their care delivery system. For example, integration of EHR and telehealth automates data entry. With this, there is no requirement to enter the same information twice, which diminishes duplicate data entries and administrative tasks and upsurges efficiency in the workplace.

Market participants are engaged in collaborative agreements with hospitals and healthcare groups to implement clinical workflow management systems and EHR solutions. Moreover, focus on developing an integrated software solution to avoid wrong medication and improve the quality of care is expected to fuel the adoption of workflow solutions in the coming years.

Related Press Release@ Clinical Workflow Solutions Market Report

Clinical Workflow Solutions Market Report Highlights

• By type, data integration solutions held the largest share in 2020 owing to their rapid adoption by hospitals and healthcare facilities. Besides, as the healthcare industry is moving toward digitization, electronic medical record systems are becoming more and more popular, thus supporting the segment growth
• The care collaboration solutions type segment is likely to witness lucrative growth over the forecast period due to the rapid adoption of these solutions by caregivers. Integration with EHR provides a complete overview of the patient’s medical condition, thereby helping to decide a course of action for treatment
• In terms of end use, the hospitals segment captured the largest revenue share in 2020. This can be attributed to supportive government policies, a rise in awareness, and an increase in the number of training programs for the implementation of the technology
• North America dominated the market in 2020 owing to the presence of major players and technologically advanced healthcare infrastructure
• Asia Pacific is projected to witness lucrative growth in the coming years owing to the supportive government initiatives to adopt eHealth solutions by hospitals

The global Dental Chair Market size is expected to reach USD 693.6 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2021 to 2028. Rising focus on oral care and aesthetic has increased the adoption of dental procedures, which is anticipated to boost the market growth. In addition, advanced dentistry is time-saving that has various benefits such as less chair time, less invasive procedures, shorter and fewer appointments, and patient satisfaction. This is expected to propel the growth of the market. On the other hand, according to the Oral Health Group, in March 2020, during the COVID-19 pandemic, the health and regulators authorities declared all dental offices to stop seeing patients immediately, resulting in unprecedented revenue drops across the sector.

The COVID-19 has negatively impacted the market for dental chairs. According to the WHO guidelines, the infection mainly spreads through the eyes, nose, and mouth, and at such times, the dental practitioners have been unable to open and operate from their clinics. Travel restrictions on medical tourism in countries, such as India and China, have led to a negative impact on the market.

Chairs that are easy to access for disabled and elderly people give comfort to the patient and make the procedure have a frontal view of the face that helps dentists to operate easily. Advancement in the technology of dentistry such as digital radiography, 3-D imaging, printing and scanning, laser dentistry, practice management software, and CAD/CAM and chair-side milling has shifted the dentistry to next level of advanced diagnosis and treatment. Thus, this factor is anticipated to boost the growth of the market.

Related Press Release@ Dental Chair Market Report

Dental Chair Market Report Highlights

• Based on product, the powered dental chairs segment accounted for the largest volume share in 2020 due to the advancement in technology
• In terms of type, the ceiling-mounted design segment dominated the market in 2020 as it offers assistance in performing multiple surgeries along with movable lights
• By application, the examination segment held the largest volume share in 2020 owing to the increasing prevalence of dental diseases and awareness regarding oral health
• Asia Pacific is anticipated to grow significantly over the forecast period due to the growing medical tourism in emerging countries

The global Body Contouring Devices Market size is expected to reach USD 9.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.6% from 2021 to 2028. Body Contouring is an aesthetic procedure that helps in eliminating unwanted fat, shape and define areas of the body, and can tighten the skin where the treatment is being carried out. Factors like rising demand and acceptance for body contouring procedures, increasing beauty-conscious consumer pool, and advancement in minimally invasive body contouring treatments that is safe, effective, and offer lower complication risks are expected to propel market growth.

According to the American Society of Plastic Surgeons, 15.7 million cosmetic minimally-invasive procedures were performed in 2019, out of which 386,557 were non-invasive fat reduction procedures. This can be attributed to the rapidly increasing desire among the youth population to look flawless. Moreover, growing social media influence through promotions and beauty campaigns has led to an increase in the demand for body contouring treatments.

Invasive body contouring treatments like Liposuction were among the top five cosmetic surgical procedures being carried out in the U.S in 2020. Liposuction is a great alternative for reducing larger deposits of excess fat (5 liters of fat from this procedure), and it also provides dramatic and long-lasting results. Technological advancement and an extensive range of devices in the body contouring market that offers high patient satisfaction and visible results are expected to boost market growth.

In the light of COVID-19, the market was hampered as the footfall of patient appointments for surgical treatments was temporarily suspended. However since the government in many countries has allowed resuming elective surgical procedures, clinics have also resumed aesthetic procedures by adhering to strict Covid-19 protocols. Moreover, many aesthetic professionals believe that there will be a surge in demand for beauty and aesthetic treatment post-Covid-19 crisis and this is expected to propel market growth

Related Press Release@ Body Contouring Devices Market Report

Body Contouring Devices Market Report Highlights

• The segment of non-invasive body contouring treatments dominated the market in 2020, as it provides instant results, causes little to no pain, has a low recovery period, and high patient satisfaction
• The other segment of end used reciprocated the largest share in 2020. As factors like the increasing prevalence of obesity and high aesthetic consciousness are leading to an increased demand for fat reduction procedures
• North America dominated the global market in 2020, owing to high personal disposable income, high expenditure on healthcare, a large pool of certified professionals, an increased prevalence of obesity among the population, strong aesthetic infrastructure
• Asia Pacific is expected to reciprocate the highest CAGR over the forecast period due to the rising prevalence of obesity and the presence of key players

The global Restorative Dentistry Market size is expected to reach USD 30.02 billion by 2028, according to the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.6% from 2021 to 2028. The growth of the market is attributed to the improved quality of services provided in dentistry for the large patient pool. The transmission of COVID-19 by the generation of aerosol produced by dental handpieces is possible. To avoid this, the correct clinical protocols must be followed during the COVID-19 pandemic.

The COVID-19 pandemic adversely affected the dental market in 2020. According to the WHO guidelines, viral infection mainly spreads through the eyes, nose, and mouth that makes it difficult for the dentist to operate on patients during such times. The routine cleaning, orthodontic procedures, preventive therapies, and oral examinations that do not involve pain management were postponed during the COVID-19 pandemic, thus negatively impacting the market.

Technological advancements such as guided tissue regeneration with CAM/CAD software solutions, computer-aided implant dentistry, and digital radiography have improved the accuracy of restorations. The new equipment and composite materials have compelled the patients for treatment and resulted in better health outcomes and higher satisfaction, along with the timeliness of dental treatment. Thus, advanced technology is anticipated to boost the growth of the market.

The lack of reimbursement may affect market growth. The reimbursement policies for dental structure do not include restorative dentistry. Patients must bear out-of-pocket expenditure that is included with dental procedures, thus patients mainly ignore and delay their dental treatments due to high expenses. Dental procedures such as composite bonding, implants, and cosmetic contouring require high skilled lab technicians and professionals. Thus, dental procedures are very costly in many countries. This factor may hamper market growth.

Related Press Release@ Restorative Dentistry Market Report

Restorative Dentistry Market Report Highlights

• By product, the restorative materials segment held the largest market share in 2020 due to the rising disposable income and the growing awareness regarding the benefits of good oral health
• Based on the end use, the dental hospitals and clinics segment captured the largest market share in 2020 as the number of standalone clinics is expected to grow due to more dentists in emerging areas
• Europe led the market in 2020 and is expected to maintain its lead over the forecast period owing to technological advancements, an increase in patients opting for cosmetic procedures, and rising oral disease burden in the market

The global Antiviral Drugs Market size is expected to reach USD 60.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of (-0.6%) from 2021 to 2028. This is owing to the loss of patent protection of drugs and the high R&D investment required for developing antiviral drugs. However, the rising prevalence of viral infections and the presence of a potential pipeline for the treatment of HIV infection are expected to fuel the growth over the forecast period.

The increasing prevalence of influenza with other complications such as viral pneumonia, obesity, and the rising geriatric population drives the market growth. Moreover, pneumonia is one of the major causes of death in children worldwide. According to the WHO, Pneumonia causes 808,694 children’s deaths in 2017, accounting for 15.0% of all deaths of children under 5 years old. It is most prevalent in South Asia and the sub-Saharan African region.

The awareness of viral infections, their prevention, and treatment are high in most of the regions. For instance, according to CDC, in 2019, the vaccination rate against influenza was 49% in the U.S., which prevented around 4.4 million influenza infections and around 3,500 deaths in the country. Moreover, the increase in vaccination rate against hepatitis and herpes is affecting the market growth over the forecast period.

Increasing collaboration between government bodies and key players is anticipated to fuel the growth of R&D activities in the development of novel antiviral drugs. For instance, in June 2021, Merck & Co., Inc. entered into a procurement agreement with the U.S. government for molnupiravir, an investigational antiviral for COVID-19 treatment. According to the agreement, the company will receive USD 1.2 billion to supply around 1.7 million courses of the drug to the U.S. government, if molnupiravir receives emergency use authorization or approval by the U.S. FDA.

Companies are adopting strategies such as product development and collaboration to increase their share in the market. For instance, in April 2021, Janssen Pharmaceuticals, Inc. and Cidara Therapeutics, Inc. collaborated to develop Cidara’s Cloudbreak antiviral conjugates for the prevention and treatment of influenza. Moreover, in October 2020, F. Hoffmann-La Roche Ltd and Atea Pharmaceuticals, Inc. also collaborated to develop, manufacture, and market AT-527 for the treatment of COVID-19. AT-527 acts as an RNA polymerase inhibitor and stops viral replication.

Favorable initiatives undertaken by government bodies to prevent and treat viral infections are expected to support the management of viral infections. For instance, the U.K. government has launched an antiviral task force to investigate treatments for SARS-CoV-2 infection in home-based settings. It will help prevent the infection and limit the effect of new variants of the SARS-CoV-2 virus. Moreover, the U.S. government is investing more than USD 3 billion to fasten the development of antiviral drugs against COVID-19 and other viral infections.

The upsurge in COVID-19 cases and strong pipeline products is expected to positively impact market growth. According to the WHO, as of 1^st September 2021, a total of 217.56 million confirmed cases of COVID-19, including 4.52 million deaths reported. For instance, in May 2021, based on Favipiravir formula antiviral drug BALflue was launched by BAL Pharma, it is used for the treatment of patients with mild to moderate Covid-19 infection as well as used in the treatment of 53 types of influenza viruses. Overall, the outbreak of the COVID-19 pandemic is estimated to propel the market growth, however, it has adversely affected the consumption of antiviral medicines from other applications owing to disruption in the supply chain and limited access to healthcare services during the complete lockdown.

Related Press Release@ Antiviral Drugs Market Report

Antiviral Drugs Market Report Highlights

• An increase in the COVID-19 case is expected to drive market growth in the next 2 to 4 years
• The reverse transcriptase inhibitors segment dominated the market due to the high efficacy of drugs and growing prevalence of diseases like HIV and hepatitis B, globally
• The HIV segment dominated the market in 2020 and is projected to maintain its dominance over the forecast period, owing to the commercialization of pipeline products over the forecast period
• North America dominated the market in 2020 and Asia Pacific is expected to exhibit fastest growth during the forecast period

The global Liquid Biopsy Market size is expected to reach USD 19.35 billion by 2028, registering a CAGR of 13.5% during the forecast period, according to a new report by Grand View Research, Inc. It is a revolutionary technique that has created various opportunities that were previously unexplored.

It aids in the detection and isolation of circulating tumor DNA, exosomes, and circulating tumor cells and is a source of proteomics and genomics information in cancer patients. Rapid development in digital Polymerase Chain Reaction (PCR) and NGS-based technology has improved the accuracy of liquid biopsy. It can be performed repeatedly for disease monitoring and is anticipated to help overcome the limitations of tissue biopsies.

As liquid biopsies are the most promising novel techniques for cancer care, established as well as emerging companies have increased their R&D to develop novel liquid biopsy solutions. For instance, in September 2021, AnchorDx Medical Co., Ltd.; a China-based developer of early cancer detection and oncology screening solutions developed a diagnostic model for early breast cancer detection. The model is based on the methylation patterns of cfDNA.

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Liquid Biopsy Market Report Highlights

• The Multi-gene Parallel Analysis (NGS) technology segment held the largest revenue share of the global market in 2020
• This can be attributed to rapid enhancements in NGS technology. With this technology, liquid biopsies are anticipated to gain considerable importance in cancer-related studies and research
• On the basis of sample type, blood sample-based tests dominated the market in 2020
• Blood samples can readily be taken at a more frequent interval, thus increasing the adoption rate
• Circulating Nucleic Acids are the most commonly used biomarker for liquid biopsy tests
• The factors, such as the constantly evolving pipeline of ctDNA-based liquid biopsy tests, an increasing number of commercialized products, and the potential of ctRNA in determining molecular profile have contributed to the dominance of this segment
• North America is expected to be the largest revenue-generating region by 2028 owing to a high incidence of cancer, rapid technological advancements, and the presence of key players in the region
• Key players are focused on business expansion through product launches, mergers & acquisitions, agreements, partnerships, and other growth strategies
• For instance, in June 2021, Biocept, Inc. collaborated with Quest Diagnostics to provide advanced NGS-based liquid biopsy testing for lung cancer patients

The global eClinical Solutions Market size is expected to reach USD 21.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.6% from 2022 to 2030. Increasing R&D activities by biopharma and pharma companies, application of software solutions in clinical trials, and expanding customer base are anticipated to fuel market growth. During the COVID-19 pandemic, clinical laboratories experienced high demand for COVID-19 tests. eClinical solutions, such as the clinical data management systems assisted these laboratories to seamlessly manage the huge influx of specimens daily. Technological advancements such as electronic data capture and Wi-Fi connectivity are projected to drive the market in the forthcoming years.

As the demand for tracking and analyzing clinical data increases, the need for effective clinical solutions rises. Unmet needs to manage efficient clinical development processes are poised to boost market growth over the forecast period. Moreover, digital transformation in the field of clinical trials and preference for data-centric approaches are providing a tremendous push to the market. Demand for integrated clinical IT solutions is increasing due to the massive volume of data generated during clinical development processes. eClinical solutions offer a single source of information that helps optimize the cost by eliminating redundant data entry and by reducing on-site verification and source data verification. Rising awareness regarding these advantages is projected to propel the market.

Increasing adoption of eClinical workflows in trials offers enormous potential in clinical development processes. These solutions can facilitate decision-making in each stage of development. It also helps reduce cost and time between the development phase by utilizing seamless designs and by identifying failing compounds. In addition, it offers rapid access to data and patient safety information, which helps make quick decisions. Market players engage in new product development and strategic alliances including partnership agreements, promotional activities, and acquisitions to keep market rivalry high. For instance, in October 2020, Oracle entered into collaboration with FHI Clinical Inc. for improving clinical trial efficiency and to get therapies to market faster.

Related Press Release@ eClinical Solutions Market Report

eClinical Solutions Market Report Highlights

• CTMS led the product segment in 2021 and accounted for a revenue share of around 21% owing to benefits of the product such as centralized end-to-end management of clinical trial activities, elimination of reliance on manual processes, real-time status tracking, and maintenance of multiple databases, which cumulatively improve the overall efficiency of clinical trials
• The cloud-based systems segment is anticipated to exhibit an exponential CAGR of 15.1% during the forecast period owing to integrated features such as flexibility, high accessibility, negligible handling costs, and easy data backup. Real-time data is available through these systems, which enables users to take quick decisions and provide high-quality information for risk-based monitoring
• The CROs segment held the largest revenue share in the market in 2021. The segment is projected to rise at a remarkable CAGR of 13.9% during the forecast period owing to the growing inclination of pharmaceutical companies to reduce overall expenditure
• Key companies engage in various business strategies such as mergers and acquisitions and new product development to gain greater market share

The global Fire Suppression System Market size is expected to reach USD 25.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2022 to 2030. Fire suppression systems help in protecting infrastructure, buildings, and their inhabitants from potential fire hazards. The growing need to prevent casualties and damage to property due to fire breakouts is expected to drive the demand for fire suppression systems over the forecast period. Organizations are investing aggressively in installing fire suppression systems to safeguard their infrastructure and employees from fire hazards.

The strong emphasis manufacturing units and incumbents of various industries and industry verticals, such asoil and gas, and power and energy, are putting on protecting their critical machinery and infrastructure from potential fire outbreaks also bodes well for the growth of the market. Stringent rules and regulations drafted by various governments across the globe are mandating the installation of fire suppression systems. At the same time, the codes and standards developed by the National Fire Protection Association (NFPA)are also helping in ensuring that facilities are protected against damage in case of an emergency.

The American Petroleum Institute also offers several resources to help the incumbents of the oil and gas industry in identifying potential fire safety hazards and provides them with solutions for prevention and protection. The growing awareness among end consumers regarding fire safety is expected to play a vital role in driving the growth of the market over the forecast period.Growing construction activity in both developed and developing economies and the strong emphasis on refurbishing sprinkler systems are expected to foster the growth of the market. The growing preference for advanced and eco-friendly fire suppression systems also bode well for the growth of the market.

Related Press Release@ Fire Suppression System Market Report

Fire Suppression System Market Report Highlights

• The market is estimated to reach USD 25.9billion by 2030, driven by the rising construction and infrastructure development activities and the stringent rules and regulations drafted by various governments mandating the use of fire safety equipment
• The fire extinguisher segment accounted for a revenue share of over 50.0% in 2021 as a result of the aggressive investments made by various companies in installing fire suppression systems
• The commercial segment is expected to dominate the market over the forecast period owing to the aggressive investments being made by enterprises in protecting property, infrastructure, and people from potential fire hazards
• North America dominated the market in 2021 owing to stringent government rules and regulations mandating the installation of fire suppression systems in buildings