Russia War Impact on PPG Biosensors Market Is Forecast To Reach $839.3 Million By 2028

 

PPG Biosensors Market Growth & Trends

The global PPG biosensors market size is expected to reach USD 839.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.1% from 2021 to 2028. An increasing number of cardiovascular disorders, the impact of COVID-19, the surge in adoption of smart wearables, and technological advancements are the key driving factors for the market.

The increasing incidence of cardiovascular diseases across the globe is anticipated to drive the market. For instance, according to the American Heart Association, almost 17.0 million people die each year as a result of cardiac abnormalities, and this figure is expected to rise to 23 million by 2030. PPG typically measures blood pressure, oxygen saturation, and cardiac output through a series of waves and peak detection. Thus, the rising number of CVDs is expected to boost the demand for PPG biosensors, which is expected to lead to considerable market growth over the forecast period.

The increasing adoption of wearable healthcare devices in developing economies is expected to drive the market. Fit bits, pulse oximeters, smartwatches, and other wearable healthcare systems are incorporated with optical sensors to provide real-time patient health tracking solutions. For instance, the Realme watch comes with wide-ranging health functions comprising of blood-oxygen-level (SpO2) and top-level PPG heart rate sensors. Several smartwatches with inbuilt PPG sensors from Apple, Moto G, Realme will be launching in later 2021. In Oct 2020, Mobvoi launched its new TicWatch Pro 3 smartwatch in India that consists of a PPG sensor. Moreover, smart rings are relatively new, however, Oura Ring facilitated with Infrared Photoplethysmography Sensors (PPG) for heart rate and respiration, is booming in the market. These sensors have many advantages, including high precision, small scale, and no sensitivity to electromagnetic radiation, which makes them suitable for use in medical-grade wearable devices.

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PPG Biosensors Market Report

PPG Biosensors Market Report Highlights

• In terms of revenue, the smartwatches segment held the largest revenue share in 2020. The rising adoption of smartwatches across the globe is the major factor propelling the segment growth
• The heart rate monitoring segment held the largest revenue share in 2020 and is expected to witness the fastest growth over the forecast period due to the increasing number of cardiovascular disorders
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of cardiovascular disorders

PPG Biosensors Market Segmentation

Grand View Research has segmented the global PPG biosensors market on the basis of product, application, and region:

PPG Biosensors Product Outlook (Revenue, USD Million, 2016–2028)

• Pulse Oximeters
• Smart Watches
• Smart Wrist Bands
• Other Products

PPG Biosensors Application Outlook (Revenue, USD Million, 2016–2028)

• Heart Rate Monitoring
• Blood-oxygen Saturation
• Blood Pressure
• Other Applications

PPG Biosensors Regional Outlook (Revenue, USD Million, 2016–2028)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

List of Key Players of PPG Biosensors Market

• Valencell, Inc.
• Maxim Integrated
• Murata Manufacturing Co., Ltd.
• Silicon Laboratories
• Mediatek
• ams AG

Russia War Impact on COVID-19 Saliva Screening Test Potential Market Is Forecast To Reach $3,406.2 Billion By 2023

 

COVID-19 Saliva Screening Test Potential Market Growth & Trends

The global COVID-19 saliva screening test potential market size is expected to reach USD 3,406.2 billion by 2023, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 4.8% from 2021 to 2023. The rise in demand for rapid, efficient, saliva-based screening tests has positively impacted market growth.

This is primarily due to the various advantages offered by saliva-based tests, increasing product approvals by regulatory bodies, and a paradigm shift toward point-of-care testing. The fluorescence-labeled antigen/antibodies test is one of the recent saliva-based COVID-19 screening tests in the market which is based on the principles of fluorescence detection, biochemistry, robotics automation, and cloud computing.

As the number of people visiting public places is increasing and reaching pre-pandemic statistics in a few countries, there is a growing demand for rapid, point-of-care COVID-19 tests to mitigate viral transmission from asymptomatic people. This has enhanced the R&D for the development of simple yet effective saliva-based tests and is expected to create lucrative opportunities for several developers.

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COVID-19 Saliva Screening Test Potential Market Report

COVID-19 Saliva Screening Test Potential Market Report Highlights

• The market estimates represent a potential market size for the COVID-19 saliva screening test based on the assumptions that the end-use locations have a 60% population attendance or capacity (60% of pre-COVID attendance) and the testing rate using test device is 100%
• Saliva-based tests play a vital role in screening asymptomatic individuals thereby aiding in market revenue generation in the near future
• The fluorescence-labeled antigen/antibodies test is designed to accelerate rapid point-of-access testing of individuals
• Owing to the pandemic, the economy across the various sectors is severely impacted.
• However, with the reopening of various sectors and locations such as shopping malls and amusement parks, there is a growing need for screening individuals to curb viral transmission
• In the U.S., more than 40 amusement parks have prepared to reopen by the spring of 2021, thus increasing the demand for rapid tests
• Thus, there is a high growth potential for the market with the increase in usage of the medical test at various locations to screen individuals
• Regulatory bodies such as the U.S. FDA and European Medicine Agency (EMA) have supported these products by providing EUA and product approvals
• In April 2021, Vatic Health received the CE mark for its on-the-spot’ saliva antigen test for the SARS-CoV-2 virus. The test has also completed the Medicines and Healthcare Products Regulatory Agency (MHRA) registration in the U.K.
• North America dominated the market owing to the high penetration and adoption of saliva-based screening tests in the region
• The U.S. is the major contributor to revenue generation due to the emergence of new small and mid-sized companies engaged in the development of such tests

COVID-19 Saliva Screening Test Potential Market Segmentation

Grand View Research has segmented the global COVID-19 saliva screening test potential market on the basis of location, technology, mode, and region:

COVID-19 Saliva Screening Test Potential Location Outlook (North America) (Revenue, USD Million, 2020–2023)

• Travel Stations
• Airports
• Cruise
• Ports
• Train Stations
• Border Crossing
• Sports Arenas
• Concert Halls
• Shopping Malls and Centers
• Amusement Parks
• Corporate Campus Environments
• Universities & Colleges
• Factories
• Food Processing Plants
• Meat Packing Plants
• Pharmaceutical Plants
• Mining
• Retail Working Warehouses

COVID-19 Saliva Screening Test Potential Location Outlook (Other Regions) (Revenue, USD Million, 2020–2023)

• Travel Stations
• Sports Arenas
• Entertainment Venues
• Corporate Campus Environments
• Universities & Colleges
• Factories

COVID-19 Saliva Screening Test Potential Technology Outlook (Revenue, USD Million, 2020–2023)

• Fluorescence-labeled antigen/antibodies testing
• RT-PCR
• CRISPR-Cas9

COVID-19 Saliva Screening Test Potential Mode Outlook (Revenue, USD Million, 2020–2023)

• Centralized Testing
• Decentralized Testing

COVID-19 Saliva Screening Test Potential Regional Outlook (Revenue, USD Million, 2020–2023)

• North America
• U.S.
• Canada
• Europe
• Asia Pacific
• Rest of World

List of Key Players in COVID-19 Saliva Screening Test Potential Market

• FluroTech Ltd.
• ARUP Laboratories
• Vatic Health
• MOgene
• Psomagen Inc.
• DxTerity Diagnostics, Inc.
• Ambry Genetics
• Fluidigm Corporation
• Phosphorus Diagnostics LLC
• Gravity Diagnostics
• DNA Genotek, Inc.
• Quidel Corporation
• Abbott
• LumiraDX

Russia War Impact on Gas Detection Equipment Market Is Forecast To Reach $8.38 Billion By 2028

 

Gas Detection Equipment Market Growth & Trends

The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth.

Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in the coming years. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR MUVE C360, a multi-gas detector built for unmanned aerial systems. FLIR MUVE C360 aims to transform the way emergency teams approach environmental, chemical, and industrial incidents.

IR camera-based gas detectors are gaining traction owing to their capability of detecting combustible gases that are not visible to the human eyes. Uncooled IR cameras are widely in demand by various industries, which has resulted in increased efforts by companies worldwide to address this demand. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR GF77 Gas Find IR, an uncooled thermal camera for detecting methane.

The COVID-19 pandemic is anticipated to favorably impact market growth in the near future. Hospitals have been using gas detection equipment for monitoring oxygen tanks during the pandemic. During the COVID-19 situation, the U.K. government laid down guidelines highlighting the hazards caused by the increased oxygen level due to the high density of ventilators. This initiative is expected to contribute to market growth.

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Gas Detection Equipment Market Report

Gas Detection Equipment Market Report Highlights

• In terms of product, the fixed gas detector segment is expected to retain its dominance over the forecast period. The ability of fixed gas detectors to ensure workforce safety is driving the segment growth
• In terms of technology, the infrared gas detection technology segment dominated the market in 2020 and is expected to witness growth over the forecast period. Infrared gas detectors are maintenance-free, which is one of the major factors driving the market growth
• In terms of end-use, the industrial segment dominated the market in 2020. The increasing demand for detectors in the mining industry is driving the segment growth
• The increasing adoption of gas detection equipment in emerging economies such as India and China is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

Gas Detection Equipment Market Segmentation

Grand View Research has segmented the global gas detection equipment market on the basis of product, technology, end-use, and region:

Gas Detection Equipment Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016–2028)

• Fixed Gas Detector
• Portable Gas Detector

Gas Detection Equipment Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2016–2028)

• Semiconductor
• Infrared (IR)
• Laser-based Detection
• Catalytic
• Photoionization Detector (PID)
• Others

Gas Detection Equipment End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2016–2028)

• Medical
• Building Automation & Domestic Appliances
• Environmental
• Petrochemical
• Automotive
• Industrial
• Others

List of Key Players in the Gas Detection Equipment Market

• ABB
• Airtest Technologies, Inc.
• FLIR Systems, Inc.
• Fluke Corporation
• General Electric Company
• Honeywell International Inc.
• Lynred
• Opgal
• Siemens
• Thermo Fisher Scientific, Inc.

Russia War Impact on Farm Tire Market Is Forecast To Reach $11.16 Billion By 2028

 

Farm Tire Market Growth & Trends

The global farm tire market size is expected to reach USD 11.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. The growing demand for tractors and harvesters in farming activities in developed as well as developing economies is anticipated to benefit the growth of the market over the forecast period.

The demand for farm tires in agricultural vehicles is expected to witness significant growth owing to the increasing penetration of vehicles in the agricultural sector. In addition, rising awareness among farmers related to the up-gradation in automotive technology and the use of automated equipment is expected to boost the market growth.

Increasing demand for food, especially in the emerging economies of Asia Pacific, including China, India, Japan, and Thailand, is a key factor driving the global market. Furthermore, economic development, coupled with the population expansion in these economies, is likely to boost the market growth over the forecast period.

Market players are engaged in developing innovative procedures for manufacturing farm tires in order to improve the product characteristics and enable its use in several agricultural vehicles. Leading players such as Michelin have undergone technology upgrades, such as from IF/VF technology to advanced flexion technology, in order to gain a competitive edge over their competitors in the market.

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Farm Tire Market Report

Farm Tire Market Report Highlights

• By product, bias tires are expected to witness the fastest growth in terms of revenue from 2021 to 2028 owing to the rising agriculture application on account of crosshatch construction of the tires and low cost as compared to their counterpart
• The tractors application segment dominated the market in 2020 and is expected to maintain its lead throughout the forecast period. The multipurpose nature of tractors is likely to benefit the segment growth
• The aftermarket distribution segment accounted for the largest revenue share in 2020 and is expected to be the dominant segment over the forecast period on account of the growing replacement of tires by farmers
• The farm tire market in Asia Pacific is estimated to witness the fastest growth in terms of revenue over the forecast period owing to the factors, such as increasing population, rising disposable income of the middle-class population, and rapid industrialization and urbanization
• Key market players undergo mergers and collaborations to expand their reach, thereby increasing their market share

Farm Tire Market Segmentation

Grand View Research has segmented the global farm tire market on the basis of product, application, distribution, and region:

Farm Tire Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2017–2028)

• Bias
• Radial

Farm Tire Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2017–2028)

• Tractors
• Harvesters
• Forestry
• Irrigation
• Implements
• Sprayers

Farm Tire Distribution Outlook (Volume, Thousand Units; Revenue, USD Million, 2017–2028)

• OEM
• Aftermarket

Russia War Impact on Automotive Smart Display Market Is Forecast To Reach $16.98 Billion By 2028

 

Automotive Smart Display Market Growth & Trends

The global automotive smart display market size is expected to reach USD 16.98 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.

The surge in demand for vehicle navigation and connectivity system in the automotive sector led to a growth in the usage of automotive visualization technology. The visualization technology has played a significant role in the advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent automakers, such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and BMW. Moreover, the technology is gaining prominence among automotive display suppliers with an uptick in demand for automotive in-vehicle infotainment solutions as well as display solutions. An increase in the sales of passenger vehicles equipped with smart displays and in-vehicle infotainment systems, coupled with features such as navigation, driver assistance, and real-time traffic monitoring, is expected to bolster the market growth over the forecast period.

Asia Pacific held the largest share in 2020 owing to the presence of several key players, such as Panasonic Corporation (Japan), Yazaki (Japan), and Nippon Seiki (Japan) in the region. The region is characterized by the presence of developed nations such as Japan and South Korea, along with emerging economies such as China and India. In recent years, the region has emerged as a hub for automobile production.

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Automotive Smart Display Market Report

Automotive Smart Display Market Report Highlights

• In terms of display size, the greater than 10" size segment is expected to register the highest CAGR of 9.2% from 2021 to 2028 owing to the increase in the number of semi-autonomous, autonomous, and electric cars
• Based on display technology, the TFT-LCD segment dominated the market in 2020 and is anticipated to maintain its lead the forecast period
• By application, the center stack segment accounted for the largest revenue share of over 40.0% in 2020. Technological developments in self-driving and connected cars are expected to propel the demand for center stack displays in vehicles
• Asia Pacific accounted for the largest revenue share in 2020. This is attributed to increased production and sales of passenger vehicles in the region

Automotive Smart Display Market Segmentation

Grand View Research has segmented the global automotive smart display market on the basis of display size, display technology, application, and region:

Automotive Smart Display Size Outlook (Revenue, USD Billion, 2016–2028)

• Less than 5'’
• 5'’- 10'’
• Greater than 10'’

Automotive Smart Display Technology Outlook (Revenue, USD Billion, 2016–2028)

• LCD
• TFT-LCD
• OLED
• Others

Automotive Smart Display Application Outlook (Revenue, USD Billion, 2016–2028)

• Digital Instrument Cluster
• Center Stack
• Head-up Display (HUD)
• Rear Seat Entertainment

List of Key Players of Automotive Smart Display Market

• Alps Alpine Co., Ltd.
• Continental AG
• Denso Corporation
• Hyundai Mobis
• Nippon Seiki Co., Ltd.
• Panasonic Corporation
• Pioneer Corporation
• Robert Bosch GmbH
• SAMSUNG (HARMAN International)
• Visteon Corporation

Russia War Impact on Flavored Water Market Is Forecast To Reach $29.56 Billion By 2028

 

Flavored Water Market Growth & Trends

The global flavored water market size is expected to reach USD 29.56 billion by 2028, registering a CAGR of 10.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing consumer preference for healthy alternatives to sugary soft drinks is the major factor driving the market growth. Moreover, the product contains a good amount of minerals and vitamins, which help maintain blood pressure levels and improve bone health, brain health, and immunity. The sparkling product segment dominated the market with the largest revenue share in 2020. The sparkling waters with added benefits of fruits and herbs have a high demand as it is a healthy alternative to fizzy drinks. Over the years, sparkling drinks with low or zero sugar and zero-calorie content are gaining popularity among young health-conscious consumers.

In 2020, the supermarkets & hypermarkets distribution channel held the largest revenue share of the market. The factors, such as easy product accessibility, well-organized shelves, and provision of home delivery and “click and collect” services, have boosted the sales of the products through these distribution channels. Lately, products containing vitamins and flavors including orange, lemon, apple, and mixed berry have been making space on supermarket shelves. North America dominated the market in 2020 accounting for the highest revenue share owing to the high product consumption as a healthier alternative to other sugary carbonated beverages. The presence of a large number of manufacturers in North America will further boost market growth over the forecast years.

The market can be characterized by significant competition owing to the presence of key players with a strong global presence and vast distribution networks. Companies have been introducing healthy and innovative flavors to attract consumers. For instance, in May 2019, National Beverage Corp. launched a new flavor, Hi-Biscus! under its LaCroix brand. This new sparkling water has no carbohydrates, sweeteners, or sodium, and has a unique flavor of the hibiscus flower. These product launches are estimated to drive market growth over the forecast period.

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Flavored Water Market Report

Flavored Water Market Report Highlights

• The online distribution channel segment is expected to register the fastest growth rate during forecast years
• This growth is credited to the increasing popularity of online shopping portals across the globe
• North America is estimated to account for the maximum revenue share by 2028. However, Asia Pacific is likely to be the fastest-growing regional market during the forecast period
• The growth of the Asia Pacific regional market can be attributed to the high product demand among the younger population
• The sparkling product segment held the largest revenue share in 2020 due to high demand for these beverages on account of their health benefits

Flavored Water Market Segmentation

Grand View Research has segmented the global flavored water market on the basis of product, distribution channel, and region:

Flavored Water Product Outlook (Revenue, USD Million, 2016–2028)

• Sparkling
• Still

Flavored Water Distribution Channel Outlook (Revenue, USD Million, 2016–2028)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online
• Others

Flavored Water Regional Outlook (Revenue, USD Million, 2016–2028)

• North America
• The U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players of Flavored Water Market

• Nestlé
• Talking Rain
• PepsiCo, Inc.
• The Coca-Cola Company
• Hint, Inc.
• Spindrift
• National Beverage Corp.
• Sanpellegrino S.P.A.
• KeurigDr Pepper, Inc.
• Saratoga Spring Water Company

Omicron Impact on Electric Kick Scooters Market Opportunities To Reach $5.2 Billion By 2028

 

Electric Kick Scooters Market Growth & Trends

The global electric kick scooters market size is expected to reach USD 5.2 billion by 2028, according to a study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2021 to 2028. The growth of the market is attributed to the increasing penetration of cost-effective electric scooter sharing services across the globe.

While the market is expected to witness promising growth opportunities in the long run, the COVID-19 pandemic is likely to negatively impact the market. Strict restrictions on transportation activities and lockdowns in the first half of 2020 paralyzed electric kick scooter retail business activities across the globe. While manufacturing and supply chain activities were severely disrupted, the situation was particularly challenging for the manufacturers and dealers of electric kick scooters. In the near future, however, the fear of public transportation could motivate consumers to seek alternate modes of transportation, thereby driving the market. The pandemic is expected to be an accelerator for the transition to sustainable mobility.

The need for product differentiation and the introduction of next-generation technology is anticipated to favor market growth. One of the key factors expected to boost demand for the two-wheeler is the shrinking parking spaces in metro cities. In recent times, these two-wheelers have gained prominence in countries such as the U.S., Germany, France, and Spain. The growing need to avoid traffic congestions and increased demand for micro-mobility options have encouraged vendors to manufacture folding electric scooters. These two-wheelers offer flexibility with minimum energy consumption and can be easily folded to the size of a suitcase.

An increase in greenhouse gas emissions has resulted in initiatives to combat climate change with hopes pinned on e-mobility. Several countries globally have started enacting climate change action plans to reduce vehicular emissions by adopting sustainable and eco-friendly transportation options. Furthermore, investments in clean energy and initiatives that are taken by governments to curb CO2 emissions are expected to boost the demand for electric scooters over the coming years.

North America is expected to be the fastest-growing regional market over the next few years. The U.S. is anticipated to emerge as an early adopter of e-scooters due to high technology penetration and developed e-charging infrastructure.

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Electric Kick Scooters Market Report

Electric Kick Scooters Market Report Highlights

• The Lithium-Ion (Li-Ion) segment dominated the market in 2020 and is expected to reach USD 3.4 billion by 2028
• The 36V segment dominated the market in 2020 and is expected to reach USD 2.9 billion by 2028
• Asia Pacific is projected to account for the majority market share and is expected to reach USD 3.5 billion by 2028

Electric Kick Scooters Market Segmentation

Grand View Research has segmented the global electric kick scooters market on the basis of battery, voltage, and region:

Electric Kick Scooters Battery Outlook (Volume, Units; Revenue, USD Million, 2016–2028)

• Sealed Lead Acid (SLA)
• Nickel Metal Hydride (NiMH)
• Lithium-Ion (Li-Ion)

Electric Kick Scooters Voltage Outlook (Volume, Units; Revenue, USD Million, 2016–2028)

• Below 24V
• 36V
• 48V
• Greater than 48V

Electric Kick Scooters Regional Outlook (Volume, Units; Revenue, USD Million, 2016–2028)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East and Africa

List of Key Players of Electric Kick Scooters Market

• Jiangsu Xinri E-Vehicle Co. Ltd.
• YADEA Technology Group Co., Ltd.
• Bird Rides, Inc.
• SWAGTRON
• SEGWAY INC.
• Xiaomi
• iconBIT GmbH

Omicron Impact on Radiation Oncology Market Is Forecast To Reach $11.7 Billion By 2028

 

Radiation Oncology Market Growth & Trends

The global radiation oncology market size is expected to reach USD 11.7 billion by 2028, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising incidence of cancer and technological advancement in radiation therapy equipment are some of the major factors driving the growth of the market.

There have been various technological advancements in radiotherapy equipment over the last decade, which has been a major factor for growth. Advancement from 2D to 3D conformal radiotherapy, motion tracking, and real-time imaging has helped improve radiation targeting and thereby reduce exposure to the surrounding healthy tissues. For instance, Accuray Incorporated introduced its motion monitoring and correction tools, Synchrony, for the Radixact device in April 2019. In contrast to traditional radiotherapy devices, this technology increases dosage accuracy and treatment times and is comparatively more effective.

Strategies such as partnerships, innovative product launches, and acquisitions are the priority of major players in the industry. For instance, in February 2020, Varian received FDA 510K clearance for its Ethos Therapy. It is an AI-driven solution designed to deliver an entire adaptive treatment plan in 15 minutes, including patient set-up to treatment delivery. In December 2019, Elekta signed a non-binding MoU with ViewRay, Inc. for the advancement of the knowledge and application of MR-LINACs.

According to an article published in Seminars in Radiation Oncology in 2017, it is expected that in low- and middle-income countries alone, more than 12,000 additional treatment machines will be needed by 2035. Besides, by 2035, it is projected that China, India, and Brazil will need over 3,800, 1,200, and 400 additional equipment, respectively. Companies are taking several initiatives to meet this demand. For instance, in 2019, Tata Trust signed a 3-year agreement with Varian Medical Systems Inc. for the installation of new advanced radiotherapy equipment in India, to improve patient access to treatment.

However, the lack of skilled radiotherapy professionals is expected to be a major restraining factor for the growth of the market, particularly in developing countries. The recommended number of radiation oncologists in the developed world is around 4 per million population. There are around 0.8 radiation oncologists per million population in India. Similar is the situation in other countries in the Indian sub-continent.

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 Radiation Oncology Market Report

Radiation Oncology Market Report Highlights

• Due to the high availability of External Beam Radiation Therapy (EBRT) equipment and penetration of innovative diagnostic instruments and understanding of available treatment options, EBRT dominated the market in 2020
• In IBRT application, the prostate cancer segment dominated the market in 2020, majorly due to the promising applications for brachytherapy in the treatment of prostate cancer
• In 2020, North America dominated the market and accounted for a revenue share of more than 44.0%. Favorable reimbursement policies, quality of healthcare infrastructure, and the presence of key players in the region are some of the factors driving the market in the region

Radiation Oncology Market Segmentation

Grand View Research has segmented the global radiation oncology market on the basis of type, technology, application, and region:

Radiation Oncology Type Outlook (Revenue, USD Million, 2017–2028)

• EBRT
• Linear Accelerators (Linacs)
• Compact Advanced Radiotherapy Systems
• Cyberknife
• Gamma Knife
• Tomotherapy
• Proton Therapy
• Cyclotron
• Synchrotron
• Internal Beam Radiation Therapy
• Brachytherapy
• Seeds
• Applicators and Afterloaders
• Electronic Brachytherapy
• Systemic Beam Radiation Therapy
• Others

Radiation Oncology Technology Outlook (Revenue, USD Million, 2017–2028)

• EBRT
• Image-Guided Radiotherapy (IGRT)
• Intensity Modulated Radiotherapy (IMRT)
• Stereotactic Technology
• Proton Beam Therapy
• 3D Conformal Radiotherapy (3D CRT)
• Volumetric Modulated Arc Therapy (VMAT)
• Brachytherapy
• Low-Dose Rate Brachytherapy
• High-Dose Rate Brachytherapy

Radiation Oncology Application Outlook (Revenue, USD Million, 2017–2028)

• EBRT
• Prostate Cancer
• Breast Cancer
• Lung Cancer
• Head and Neck Cancer
• Colorectal Cancer
• Others
• Internal Beam Radiation Therapy
• Prostate Cancer
• Gynecological Cancer
• Breast Cancer
• Cerical Cancer
• Penile Cancer
• Others

Omicron Impact on Wearable Injectors Market Is Forecast To Reach $18.3 Billion By 2028

 

Wearable Injectors Market Growth & Trends

The global wearable injectors market size is expected to reach USD 18.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.2% from 2021 to 2028. Wearable injectors are drug administration devices designed to deliver drugs in large volumes subcutaneously. It is gaining popularity owing to its advantages such as reduced pain, ease of administration, and elimination of costly health facility visits.

Over the last decade, patient interest in the self-administration of injectable drug therapies has grown. The increasing prevalence of diabetes, chronic pain, and auto-immune diseases, such as rheumatoid arthritis, is increasing the use of wearable injectors. Their demand is increasing for the long-term management of asthma, chronic obstructive pulmonary disease (COPD), high cholesterol, and cancer. This is expected to create a lucrative opportunity for advanced device manufacturers to make wearable devices used to administer larger dose volumes at the comfort of home.

The recent COVID-19 pandemic has brought remote care technologies, such as wearable injectors, into the spotlight. Demand for chronic disease products remains largely unaffected by the pandemic. Since wearable injectors serve with the option of delivering medications at home, its demand has also remained stable or rather grown for the short term. Patients suffering from chronic diseases are opting for these devices as it reduces the risk of exposure to COVID-19 by eliminating hospital visits. The pandemic has, however, affected some of the devices in the pipeline, affecting short-term investments. Leading players who continue to invest in innovation push projects forward despite COVID-19 are expected to put their companies in a stronger competitive position post-crisis.

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Wearable Injectors Market Report

Wearable Injectors Market Report Highlights

• By type, the on-body segment led the market in 2020 owing to its advantage to be worn on the skin
• The spring-based technology segment held the largest share of 36.3% in 2020 due to a rise in demand for adhesive patches for the treatment of chronic conditions, such as cancer and diabetes
• The home care end-use segment led the market in 2020. This can be attributed to a rise in preference for self-administration, especially during the COVID-19 pandemic
• North America dominated the market with a share of 41.5% in 2020 owing to the rising prevalence of chronic diseases

Wearable Injectors Market Segmentation

Grand View Research has segmented the global wearable injectors market based on type, technology, application, end-use, and region:

Wearable Injectors Type Outlook (Revenue, USD Million, 2016–2028)

• On-body
• Off-body

Wearable Injectors Technology Outlook (Revenue, USD Million, 2016–2028)

• Spring-based
• Motor-driven
• Rotary Pump
• Expanding Battery
• Others

Wearable Injectors Application Outlook (Revenue, USD Million, 2016–2028)

• Oncology
• Infectious Diseases
• Cardiovascular Diseases
• Autoimmune Diseases
• Others

Wearable Injectors End-use Outlook (Revenue, USD Million, 2016–2028)

• Hospitals
• Clinics
• Home Care
• Others

Wearable Injectors Regional Outlook (Revenue, USD Million, 2016–2028)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa

List of Key Players of Wearable Injectors Market

• Becton, Dickinson and Company
• Johnson & Johnson Services, Inc.
• F. Hoffmann-La Roche Ltd.
• Unilife Corporation
• SteadyMed Therapeutics, Inc.
• Amgen, Inc.
• Insulet Corporation
• Enable Injections
• West Pharmaceutical Services, Inc.
• CeQur SA

Omicron Impact on Aluminum Extrusion Market Is Forecast To Reach $168.88 Billion By 2030

 

Aluminum Extrusion Market Growth & Trends

The global aluminum extrusion market size is expected to reach USD 168.88 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.5% over the forecast period. Increasing investments in infrastructure and residential construction are projected to drive market growth during the forecast years. Emerging economies of the Asia Pacific, Central & South America, and Middle East & Africa regions are witnessing increasing investments in the residential and infrastructure sector owing to the rapid urbanization, rising per capita income levels, and growing population. For instance, in the economic budget of FY 2020–21, the Indian government announced around USD 1.41 trillion for infrastructure projects in the country.

The Indian government is set to develop 6,500 projects under its National Infrastructure Pipeline (NIP) over the next five years. In addition to the construction industry, high demand from the automotive & transportation sector is also expected to play a crucial role in boosting the market growth. Product properties, such as flexibility, durability, and corrosion resistance, enable its usage in automotive & transportation applications. This, in turn, is projected to drive the automotive & transportation application segment over the forecast period. In addition, aluminum, being a lightweight material, helps in curbing emissions from automobiles.

Moreover, due to various stringent government regulations regarding carbon emissions, automobile companies are preferring this material over steel for automotive manufacturing. The COVID-19 pandemic has created disruptions in the value chain of the industry across various countries, such as China. However, the country is all set for a strong rebound in its economic activities, following the relaxation of economic and social controls since April 2020. Where the other major economies of the world reported a negative GDP for the second quarter (April-June) of 2020, China registered a GDP growth of 3.2%. The economic growth of the country has helped soften the impact of the pandemic for the remainder of 2020.

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Aluminum Extrusion Market Report

Aluminum Extrusion Market Report Highlights

• The shapes product segment generated the largest revenue share in 2021 and is estimated to retain the leading position throughout the forecast period
• The growth of this segment is attributed to the increasing demand for channels, tubing, and angles in various applications, such as construction, architectural & automotive components, computers, and domestic appliances
• Asia Pacific was the dominant regional market in 2021 and is expected to expand further at the fastest CAGR maintaining its leading position throughout the forecast period
• Stable Foreign Direct Investment (FDI) in the manufacturing sectors of China, India, South Korea, Indonesia, and Singapore is one of the key factors driving the APAC regional market
• The global market is highly competitive, in which, most of the players are focusing on creating their differentiation factors
• The establishment of an efficient sales channel is of key significance for the manufacturers in the market

Aluminum Extrusion Market Segmentation

Grand View Research has segmented the global aluminum extrusion market on the basis of product, application, and region:

Aluminum Extrusion Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017–2030)

• Shapes
• Rods & Bars
• Pipes & Tubes

Aluminum Extrusion Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017–2030)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Electrical & Energy
• Others

Aluminum Extrusion Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017–2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa (MEA)
• Saudi Arabia

List of Key Players of Aluminum Extrusion Market

• Hindalco Industries Ltd.
• Arconic Corp.
• Norsk Hydro ASA
• Constellium N.V.
• Kaiser Aluminum
• QALEX

Omicron Impact on Gas Turbine Market Is Forecast To Reach $35.02 Billion By 2028

 

Gas Turbine Market Growth & Trends

The global gas turbine market size is projected to reach USD 35.02 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to a new report by Grand View Research, Inc. Supportive policies majorly determine the increasing demand for gas turbines in developing markets, such as Combined Heat and Power (CHP) support scheme executed by Germany. The growing urbanization is triggering the development in the building & construction as well as cement sectors.

The projected growth in end-user industries is estimated to trigger the growth of the overall market. Key Original Equipment Manufacturers (OEMs), including Siemens Energy and General Electric, are expanding their distribution, operations, and after-sales facilities worldwide to boost the >200 MW capacity segment over the projected period. The power & utility segment is projected to experience growth in demand owing to the rising need for electricity across the globe.

Furthermore, most of the major countries worldwide are expected to switch to gas-based power generation from coal-based power generation due to a rise in environmental concerns. High energy loss resulting in lower efficiencies is expected to be a major factor affecting the growth of the open cycle technology segment. Even though these systems require less space, unfavorable environmental conditions significantly affect their component efficiency, thus lowering the overall system efficiency compared to combined-cycle units.

However, open cycle technologies are being preferred by some industrial end-users, so a rise in industrial activities in the forecast period will boost the growth of open cycle technology in the forecast period. The rising population is a major factor significantly impacting the power generation market in the Europe region. Growth in population and GDP are projected to attract various end-use industry players looking to expand their consumer base.

The major end users for gas turbines in Europe include power generation, oil & gas, mobility, petrochemicals, food processing, and pulp & paper. The market in Europe is likely to observe slow growth owing to factors, such as stalled industrial output affected by the Covid-19 pandemic, the debt crisis, and growing unemployment. However, a positive outlook across Eastern Europe, in terms of consumerism and manufacturing, is expected to drive the market in the future.

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Gas Turbine Market Report

Gas Turbine Market Report Highlights

• In 2020, the power & utility emerged as the largest application segment and accounted for over 85% share of the global revenue
• Increasing investments and new installations are resulting in the rising share of distributed power in the global energy mix hence propelling the market growth
• The >200 MW capacity segment is poised to register the fastest CAGR of over 7% from 2021 to 2028, owing to the growing electricity generation activities across the world
• In 2020, the open cycle application segment accounted for the highest revenue share of the overall market
• Saudi Arabia is among the major end users in the MEA region due to the strong presence of gas turbine providers in the country, which are working on enhancing their market share

Gas Turbine Market Segmentation

Grand View Research has segmented the global gas turbine market on the basis of capacity, technology, end-use, and region:

Gas Turbine Capacity Outlook (Volume, MW; Revenue, USD Million, 2016–2028)

• ≤200 MW
• >200 MW

Gas Turbine Technology Outlook (Volume, MW; Revenue, USD Million, 2016–2028)

• Open Cycle
• Combined Cycle

Gas Turbine End-use Outlook (Volume, MW; Revenue, USD Million, 2016–2028)

• Power & Utility
• Industrial

Gas Turbine Regional Outlook (Volume, MW; Revenue, USD Million, 2016–2028)

• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Middle East & Africa
• Saudi Arabia
• Egypt

List of Key Players of Gas Turbine Market

• General Electric
• Siemens Energy
• Mitsubishi Power, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Ansaldo Energia
• Bharat Heavy Electricals Ltd.
• MAN Energy Solutions

Omicron Impact on Carbonated Soft Drink Market Is Forecast To Reach $320.1 Billion By 2028

 

Carbonated Soft Drink Market Growth & Trends

The global carbonated soft drink market size is expected to reach USD 320.1 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. The demand for carbonated soft drinks is influenced by an increased disposable income, customer preferences, and a growing population. The industry has numerous prominent players who are similar in size and product offerings. Many of these leaders create new product lines and actively participate in advertising wars. As numerous competitors are equally balanced, competitor rivalry is intense.

Omni-channel marketing and retailing have proved to be highly beneficial for manufacturers as they help companies leverage new tools for product launches and drive sales. Direct-to-customer is one of the most popular strategies to enhance profit margins, wherein the manufacturers would have complete control over the quality of products as well as services.

Carbonated soft drinks are being innovated in terms of taste, appearance, texture, and ingredients depending upon the target age group. Soft drinks, specially designed for children and the elderly, are usually tailored to the appropriate needs of these consumer groups and an increasing number of players catering to these two segments can be seen mushrooming in the market.

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Carbonated Soft Drink Market Report

Carbonated Soft Drink Market Report Highlights

• The cola flavor segment held the largest share of over 55.0% in 2020 owing to the first mover’s advantage. The citrus flavor is expected to register the fastest CAGR of 4.9% from 2021 to 2028. The industry participants are expected to increase spending on developing carbonated soft drinks fortified with citrus flavors in order to expand their reach
• By distribution channel, the hypermarkets, supermarkets & mass merchandisers segment accounted for the largest share of more than 20.0% in 2020. A large number of consumers prefer buying these drinks from supermarkets and general merchandisers due to the shopping experience offered by these stores
• The online stores and D2C segment is expected to remain one of the key buying mediums among buyers as a result of increasing consumers’ willingness to pay a premium for mobile and internet shopping
• Central and South America held the largest share of over 25.0% in 2020. The young population, along with the availability of products from across the globe, is leading to a robust consumption of carbonated soft drinks in the countries, such as Brazil, Argentina, and Venezuela

Carbonated Soft Drink Market Segmentation

Grand View Research has segmented the global carbonated soft drink market on the basis of flavor, distribution channel, and region:

Carbonated Soft Drinks Flavor Outlook (Revenue, USD Billion, 2016–2028)

• Cola
• Citrus
• Others

Carbonated Soft Drinks Distribution Channel Outlook (Revenue, USD Billion, 2016–2028)

• Hypermarkets, Supermarkets & Mass Merchandisers
• Convenience Stores & Gas Stations
• Food Service Outlets
• Online Stores & D2C
• Others

Carbonated Soft Drinks Regional Outlook (Revenue, USD Billion, 2016–2028)

• North America
• U.S.
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• U.A.E.

List of Key Players of Carbonated Soft Drink Market

• ANADOLU GRUBU A.Ş.
• Danone
• JONES SODA CO.
• Keurig Dr Pepper Inc.
• Monster Energy Company
• National Beverage Corp.
• PepsiCo
• Refresco Group
• SODASTREAM INTERNATIONAL LTD.
• SUNTORY BEVERAGE & FOOD LIMITED
• The Coca-Cola Company

Omicron Impact on Home Bedding Market Is Forecast To Reach $147.09 Billion By 2028

 

Home Bedding Market Growth & Trends

The global home bedding market size is expected to reach USD 147.09 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.0% from 2021 to 2028. The market is driven by the increasing consumer preference for adjustable beds, which has progressed in the lockdown caused by Covid-19 as an aid to suitably adjust the work-from-home culture. This trend has risen the penetration of customizable mattresses and bed linens, thereby boosting the market growth. Higher residential growth across regions indicating rising housing construction as well as housing permits is bound to revamp the market demand.

According to the Federal Statistical Office (Destatis), the construction of a total of 32,500 dwellings was permitted in Germany in November 2020. Compared with the corresponding period of 2019, this is an increase of 8.9% or 2,700 dwellings. However, the industry also faces significant instances of uncertainties projected by the International Sleep Products Association in 2018. For instance, the U.S. mattress industry has been affected by international trade. While imports of finished mattresses have continued to surge, their long-term significance is complicated by both higher tariffs on finished mattresses and many components, and a pending antidumping investigation on mattresses from China.

Increased consumer inclination towards working from their homes and beds has caused intermittent growth for premium and quality bedding products. According to Jerry Epperson, a mattress industry veteran and managing director of investment banking and corporate advisory firm Mann, Armistead & Epperson based in Virginia, the bedding industry enjoyed a year-over-year sales increase of more than 30% in October 2020. Moreover, the industry is benefiting from new innovations, such as high-tech adjustable bases, and interest in ancillary products sold, such as luxury pillows.

Higher traction towards designed bedrooms is linked to period dramas and active series on the OTT platforms wherein a large chunk of consumers is engaged as a cause of higher time spent indoors. One such period drama influencing a majority of consumers is Netflix’s period drama Bridgerton. It turns out that the hit series has inspired many of us to add a touch of Regency-era decor into homes. Bridgerton bedrooms alone have gained increased popularity, with an 81% increase in Google search since the show aired, according to a blog by Real Homes as of 17th January 2021. This trend has influenced consumers to adopt layering as adding a mixture of different textures and tones into a bedroom by using cushions, bedsheets, and throws is a simple way to build a luxurious feel. This scenario is likely to offer growth opportunities for the market.

Bed linens held the largest share of 31.6% in 2020. This dominance is primarily due to the increasing consumer preference for quality over brands. This has encouraged manufacturers to offer new and improved quality products with attractive designs. With the increasing preference for superior quality products, companies are focusing on introducing plant-based bed linen that claims to be softer than cotton and provides breathability and moisture control.

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Home Bedding Market Report

Home Bedding Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028. The regional demand for home bedding products is anticipated to grow due to the increase in the purchasing power of consumers, rising housing constructions, and growing consumer awareness regarding quality as well as sustainable bedding products
• The offline distribution channel segment dominated the market by accounting for 68.9% share in 2020
• By type, the bed linen segment held the largest share of 31.6% in 2020 owing to its higher penetration across households

Home Bedding Market Segmentation

Grand View Research has segmented the global home bedding market on the basis of type, distribution channel, and region:

Home Bedding Type Outlook (Revenue, USD Million, 2016–2028)

• Mattress
• Bed Linen
• Pillows
• Blankets
• Others

Home Bedding Distribution Channel Outlook (Revenue, USD Million, 2016–2028)

• Offline
• Online

Home Bedding Regional Outlook (Revenue, USD Million, 2016–2028)

• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

List of Key Players of Home Bedding Market

• Acton & Acton Ltd.
• American Textile Company
• Beaumont & Brown Ltd
• Boll & Branch LLC
• WestPoint
• Pacific Coast Feather Company
• Hollander
• Porico Inc.
• Crane & Canopy
• Bmbay Dyeing