What are the market trends for the Disposable Face Masks market?

The global disposable face masks market size is expected to reach USD 2.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of -27.6% from 2022 to 2030. Globally spread COVID-19 pandemic, rapid industrialization, rising pollution levels, and growing awareness among users regarding health protection are expected to propel the need for disposable face protectors over the projected period. Asia Pacific is expected to remain one of the prominent regional markets owing to the growing industrial sector in emerging economies including China and India.

Disposable Face Masks Market Segmentation

Grand View Research has segmented the global disposable face masks market on the basis of product, application, distribution channel, and region:

Based on the product Insights, the market is segmented into Protective, Dust, and Non-woven.

• The protective mask segment dominated the disposable face masks market and accounted for the largest revenue share of more than 36.4% in 2021. This product is used as a protection against contagious pathogens, disease-carrying germs, and airborne infections.
• Dust masks are usually used while traveling at construction or mining sites to protect the respiratory systems. They can be worn for shorter periods of time, offering temporary protection, while some of them are designed for use over extended time periods.
• The non-woven mask segment is expected to expand at a CAGR of -26.5% from 2022 to 2030. These masks are currently trending in the market since they offer better ventilation, filtration, and insulation. These are waterproof, lightweight, high production speed, and low priced.

Based on the Application Insights, the market is segmented into Industrial and Personal.

• The industrial application segment accounted for the largest revenue share of 45.6% in 2021. Rising awareness among the industrialists regarding the significance of using masks to protect laborers from particles is driving the segment. These products are also popularly used as surgical masks, wherein they are used to avoid viruses and other germs from entering the body.
• The personal application segment led the growth of the market on account of the COVID-19 pandemic in 2021. Additionally, the growth of the segment is attributed to increasing consciousness among users to tackle the rising levels of pollution and the presence of harmful pathogens in the air.

Based on the Distribution Channel Insights, the market is segmented into offline and Online.

• The offline segment dominated the market and accounted for the largest revenue share of 76.8% in 2021. Disposable face masks are majorly sold through offline channels including retailers, distributors, hyper/supermarkets, convenience stores, brand outlets, and direct selling.
• The online segment is expected to expand at the highest pace in the market for disposable face masks from 2022 to 2030. The emergence of e-commerce portals as a key selling medium on account of providing value-added services including free-home delivery, Cash-On-Delivery (COD), and coupon benefits is expected to remain a prominent market trend.

Disposable Face Masks Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The industry is highly competitive as players are competing in terms of product variation and pricing. Key players are focusing on inventing disposable masks that will provide users with benefits such as better ventilation, filtration, and water-proof. January 2022, Maskc launched KF94 Face mask that is made up of four layers, a non-woven external layer, two non-woven and melt-blown central layers, and a soft inner layer that is gentle on the skin.

Some of the prominent players in the in Disposable Face Masks market include:

• 3M
• Honeywell International Inc
• Moldex-Metric, Inc.
• Kimberly-Clark
• Uvex
• KOWA
• SAS Safety Corp.
• The Gerson Company
• DACH
• Te Yin

Order a free sample PDF of the in Disposable Face Masks Market Intelligence Study, published by Grand View Research.

Europe MRO Distribution Market Demand, Growth And Development Trends By 2022 - 2030.

The Europe MRO distribution market size is expected to reach USD 259.16 billion by 2030, registering a CAGR of 2.8%, according to a new report by Grand View Research, Inc. The rise in scheduled maintenance and increasing investments in repair operations are expected to ascend the market growth over the forecast period.

Europe MRO Distribution Market Segmentation

Grand View Research has segmented the Europe MRO distribution market on the basis of product, sourcing/service type, maintenance type, application, distribution channel and country:

Based on the product Insights, the market is segmented into Bearings & Power Transmission, Pipes, Valves & Fittings, Electrical Items, Packaging Supplies, and Machine Consumables.

• These consumables include wires, machine oils, fluids, rotators, shafts, general machine spare parts, cutting devices, and fasteners among others. Rising demand for durable and sophisticated bearings is anticipated to drive this product segment over the forecast period.
• The demand for bearings in the automotive and machinery manufacturing industries can be attributed to their efficiency in carrying high loads and the requirement of low maintenance.
• Cast iron, stainless steel, copper, special alloys, carbon steel, and thermoplastics are the major raw materials used for producing pipes, valves, and fittings. Cast iron, stainless steel, copper, special alloys, carbon steel, and thermoplastics are the major raw materials used for producing pipes, valves, and fittings.

Based on the Sourcing/Service Type Insights, the market is segmented into Internal MRO and External MRO.

• The external MRO distribution operations segment led the market in 2021 and accounted for a revenue share of more than 71%. A majority of the companies are focusing on reducing the efforts of their internal departments about MRO operations.
• Internal MRO operations are carried out within the manufacturing facilities to ensure a smooth flow of operations. MRO services are majorly used to avoid interruptions caused by unexpected issues that occur during production.

Based on the Maintenance Type Insights, the market is segmented into Preventive/Scheduled and Corrective Maintenance.

• The preventive/scheduled maintenance operation segment accounted for the largest revenue share of over 58%. This type of maintenance is performed on particular machinery to reduce the chances of its failure. 
• Corrective maintenance is carried out at production facilities to resolve a breakdown and/or faults that have occurred in operations.

Based on the Distribution Channel Insights, the market is segmented into Direct and Indirect.

• The direct distribution channel segment led the market in 2021 and accounted for a revenue share of more than 70%. The segment is projected to grow at a steady CAGR from 2022 to 2030.
• Indirect distribution of MRO components involves multiple entities, such as manufacturers, wholesalers, distributors, retailers, and end-users or OEMs. Multiple levels of distributors and wholesalers are present in the supply chain, thus impacting the pricing structure of the MRO components used in various operations.

Based on the Application Insights, the market is segmented into Food, Beverage & Tobacco, Textile, Apparel & Footwear, Wood & Paper, Mining, Oil & Gas, Basic Metals & Metal Products, Rubber, Plastic & Non-metallic Products, Chemicals, Pharmaceuticals, Electronics, Machinery & Equipment, Electrical Equipment, Transport Equipment, Manufacturing and Others.

• The machinery & equipment manufacturing application segment led the market in 2021 and accounted for the second-highest revenue share of more than 12.5%.
• The electrical and electronic manufacturing sector in Europe is undergoing several changes and adopting new technologies in manufacturing facilities.
• The pharmaceutical industry in Europe is anticipated to grow over the forecast period on account of government initiatives for new treatment facilities for circulatory system diseases, neoplasms, and respiratory diseases.

Europe MRO Distribution Country Outlook

• Czech Republic
• Hungary
• Slovakia
• Austria
• Finland
• France
• Germany
• Italy
• Belgium
• The Netherlands
• Poland
• Sweden
• Denmark
• Switzerland

Key Companies Profile & Market Share Insights

Prominent participants in the market focus on the investments to develop new technologies for product manufacturing and strengthen various stages in the value chain to enhance businesses across several application industries. These players also have adopted strategies including new product development, expansion of distribution channel, product portfolio expansion, and others. For instance, Valeo Services collaborated with Dana Inc.

Some of the prominent players in the in Europe MRO Distribution market include:

• Cromwell Group (Holdings) Ltd.
• Graco Inc.
• WABCO
• Mento AS
• Valeo Service U.K. Ltd.
• Ascendum
• Bodo Möller Chemie GmbH
• Lindberg & Lund AS
• MCtechnics
• Neumo-Egmo Spain SL
• Gazechim Composites Norden AB
• Plastorgomma Srl
• Norwegian Oilfield Supply AS
• Kron CIS GmbH
• Elmbridge Supplies Company Ltd.
• Mates Italiana SRL
• ABIC Kemi AB, Ferguson plc
• RS Components
• Transfer Multisort Elektronik Sp. z.o.o.
• Premier Farnell, Sonepar
• Wurth Group
• Lapp Group
• Weidmüller Interface GmbH & Co. KG
• Pepperl+Fuchs AG
• ebm-papst Group
• WAGO Kontakttechnik GmbH & Co. KG
• Rittal GmbH & Co. KG
• Phoenix Contact
• Schneider Electric
• Panasonic Industry Europe GmbH
• Festo AG & Co. KG
• ABB Group
• Rohde & Schwarz
• Fluke Corporation
• Testo SE & Co. KGaA
• BENNING Elektrotechnik und Elektronik GmbH & Co. KG
• Wera Werkzeuge GmbH
• RUBIX
• Descours & Cabaud
• Eriks Group

Order a free sample PDF of the in Europe MRO Distribution Market Intelligence Study, published by Grand View Research.

Automotive Wrap Films Market Average Price By Player, 2022 - 2030 - Grand View Research, Inc

The global automotive wrap films market size is expected to reach USD 28.89 billion by 2030, registering a CAGR of 22.2%, according to a new report by Grand View Research, Inc. The rising global population and the increasing disposable income are expected to have a positive impact on the demand for automotive wrap films over the forecast period.

Automotive plastic wrap films are used for advertising, brand marketing, and the personalization of trucks, buses, and passenger cars. The flourishing global sign & graphics industry owing to the increasing demand for mobile advertising is expected to drive the application of these films. The lower cost of automotive wrap films than vehicle paints is also fueling the growth of the market.

Mobile advertising has emerged as an affordable and effective means of advertising over the past few years. Using automotive wrap films allows conversion of any vehicle including car, bus, and truck into a moving billboard, thus facilitating an increased number of views per day. Automotive wraps, being eye-catching and more detailed compared to other advertising mediums, attract a large number of viewers.

Automotive Wrap Films Market Segmentation

Grand View Research has segmented the global automotive wrap films market based on application and region:

Based on the Application Insights, the market is segmented into Passenger Cars, Buses and trucks.

• The market has been segmented into passenger cars, buses, and trucks. In terms of revenue, passenger cars accounted for the largest revenue share of 53.81% in 2021. The segment is expected to maintain its dominant position owing to the reducing prices of car wraps and increasing customer preference for vehicle customization.
• The increased popularity of automotive wrap films and the availability of varied colors and textures have led to a rapid rise in demand for the personalization of cars. Spot graphics and lettering are also very popular among drivers for advertising as well as personalization.
• Advertisements through buses provide significant opportunities in developing regions, namely, Asia Pacific, Central & South America, and the Middle East & Africa with a large rural population as buses have high accessibility to rural areas.
• Some of the main factors driving the growth of the trucks segment of the market for automotive wrap films are flourishing industrial sectors in emerging economies and increasing demand from the logistics and construction sectors owing to surged construction activities taking place globally.

Automotive Wrap Films Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The cost of raw materials such as PVC along with plasticizers, pigments, fillers, processing aids, and certain additives, which are used to manufacture automotive wrap films is expected to play a significant role in determining the final price of the product. Additionally, strategic partnerships, acquisitions, and new product developments are the popular strategies adopted by a majority of the players operating in the market.

Some prominent players in the global automotive wrap films market include:

• Avery Dennison
• Arlon Graphics, LLC
• 3M
• Kay Premium Marking Films (KPMF)
• Ritrama S.p.A.
• Vvivid Vinyl
• Orafol Group
• Hexis S.A.
• Guangzhou Carbins Film Co., LTD
• JMR Graphics, Inc.

Order a free sample PDF of the in Automotive Wrap Films Market Intelligence Study, published by Grand View Research.

Digital Marketing Software Market report focuses on global major leading industry players, 2022 - 2030

The global digital marketing software market size is expected to reach USD 264.15 billion by 2030, registering a CAGR of 19.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The market has been evolving continuously in line with the advancements in technology and the changing needs of the incumbents of various end-use industries and industry verticals, especially small and medium enterprises. Furthermore, the unabated transition from desktops to smart phones as the rapid increase in the number of Smartphone users would expose more individuals to online ads is anticipated to drive the market growth.

Digital Marketing Software Market Segmentation

Grand View Research has segmented the global digital marketing software market based on solution, service, deployment, enterprise size, end-use, and region:

Based on the Solution Insights, the market is segmented into CRM Software, Email Marketing, Social Media, Search Marketing, Content Management, Marketing Automation, Campaign Management and Others.

• The CRM software segment accounted for the largest revenue share of over 20% in 2021. The increasing adoption of CRM software by businesses to efficiently communicate with their customers is anticipated to fuel the growth.
• The growing popularity of social media has particularly transformed the channels organizations prefer using to build and strengthen relationships with customers.
• The growing usage of social media platforms, such as Instagram, Facebook, Snapchat, Twitter, and Pinterest, by the incumbents of the e-commerce industry to promote products is a major factor driving the growth of the social media segment.
• The continued integration of the latest technologies, such as big data analytics and AI, into social media platforms, is also driving the growth of the segment. For instance, Chatbots are being used aggressively to collect, analyze, and visualize customer-related data, such as responses to products and services.

Based on the Service Insights, the market is segmented into Professional and Managed Services.

• The professional services segment accounted for the largest revenue share of over 65% in 2021. The growing need for skilled and accomplished professionals holding expertise in managing, installing, and troubleshooting software is expected to drive the demand for professional services.
• The growing demand for cloud-based managed services and the increasing dependence of enterprises on IT assets to enhance their business productivity is also emerging as a major factor contributing to the growth of the managed services segment.

Based on the Deployment Insights, the market is segmented into Cloud and On-premise.

• Cloud-based deployment of digital marketing software adds to the flexibility and allows enterprises to customize products and services on a large scale.
• Numerous businesses across the globe still prefer the on-premise deployment model owing to the security benefits offered.

Based on the Enterprise Size Insights, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs).

• The large enterprises segment accounted for the largest revenue share of over 54% in 2021. Increasing adoption of digital marketing software by large businesses to manage their massive customer datasets efficiently is anticipated to drive the growth.
• The Small and Medium Enterprises (SMEs) segment is anticipated to register a significant CAGR over the forecast period. The promising growth prospects of the segment can be attributed to the rising number of SMEs in countries such as Singapore, India, and China.

Based on the End-use Insights, the market is segmented into Automotive, BFSI, Education, Government, Healthcare, Manufacturing, Manufacturing, Media & Entertainment and Others.

• Digital marketing software is widely adopted in the BFSI industry for applications such as statement generation and automatic notification.
• Financial institutions and retail banks are focusing on using location-based advertising for improving consumer engagement. These factors are expected to drive the adoption of digital marketing software in the BFSI industry.
• Media and entertainment companies are also focusing on developing online advertising strategies as part of their efforts to cash in on the proliferation of smartphones and the continued rollout of high-speed data networks.
• Incumbents of the gaming industry, such as Activision Publishing, Inc.; Rovio Entertainment Corporation; and Electronic Arts Inc.; are aggressively adopting video-sharing and social networking platforms for targeting potential customers.

Digital Marketing Software Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The digital marketing software market can be described as a highly fragmented market characterized by intense competitive rivalry. In response to the intensifying competition, some of the market players are upgrading their existing products and launching new products. For instance, in April 2021, HubSpot, Inc. expanded its CRM platform with the launch of Operations Hub. With this product, users can automate a variety of time-consuming operations easily while maintaining a clean database and, ultimately, taking a more active part in formulating the company's strategies.

Some prominent players in the global Digital Marketing Software market include:

• Adobe, Inc.
• Hewlett Packard Enterprise Company
• Hubspot, Inc.
• International Business Machines Corporation
• Marketo, Inc.
• Microsoft Corporation
• Oracle Corporation
• Salesforce.com, Inc.
• SAP SE
• SAS Institute, Inc.

Order a free sample PDF of the in Digital Marketing Software Market Intelligence Study, published by Grand View Research.

Leisure Boat Market Share, Trends & Scope, Product Estimates & Strategy Framework To 2022 - 2030: Grand View Research, Inc

The global leisure boat market size is expected to reach USD 64.08 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.73% from 2022 to 2030. The increasing popularity of marine and coastal tourism, coupled with the growing inclination toward yachting as a recreational activity, is a primary factor driving the market. Although the ongoing Covid-19 pandemic has proved to be a major hindrance for the market, the gradual re-opening of the economies and upliftment of restrictions are paving the way to bring the market back on track. Besides, the growing urge among the masses to involve in leisure activities in the post-lockdown period further presents bright opportunities for the market over the forecast period.

The tourism industry has changed drastically over the last few years with the increasing popularity of marine and coastal tourism activities. The world economy is witnessing healthy growth and markets, such as the U.S., are witnessing growth in the per-capita income of the individuals, which, in turn, has resulted in a rise in the disposable income of consumers. Moreover, there has been a rise in the number of High-Net-Worth Individuals (HNWIs), which is expected to drive consumers to spend more on leisure activities, thus boosting demand for recreational boats.

Leisure Boat Market Segmentation

Grand View Research has segmented the leisure boat market report based on type and region:

Based on the Type Insights, the market is segmented into New Leisure Boat, Used Leisure Boat and Equipment.

·        The used leisure boat segment accounted for over 76.5% share of the global revenue in 2021. The growing popularity of yachts and the rise in the number of yachting events worldwide are driving the market.

·        The new leisure boat segment is also divided into motorized and non-motorized boats. The motorized boat segment is expected to capture the largest market share over the forecast period.

·        The monitoring equipment segment is divided into boat and yacht monitoring solutions, IoT Sensors, telematics solutions, and others. The use of Smartphone apps with IoT facilitates the overall control of the boat through predictive maintenance, emergency alerts, and notifications.

Leisure Boat Regional Outlook

      •       North America

      •       Europe

      •       Asia Pacific

      •       Latin America

      •       Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

In the leisure boating industry, the “gentleman’s agreement” exists whereby firms respect one another’s market niches and follow a “live and let live” strategy. The industry in several countries, like the U.S., has formed an association that deals with issues, such as competition and unwanted behaviors, within the industry.

Some prominent players in the global leisure boat market include:

      •       Avon Marine

      •       Azimut Benetti Group

      •       Baja Marine

      •       Bavaria Yachtbau GmbH

      •       Bombardier Recreational Products (BRP) Inc.

      •       Brunswick Corporation

      •       Chaparral Boats, Inc.

      •       Farr Yacht Design, Ltd.

      •       Ferretti S.P.A.

      •       Fountain Powerboats, Inc.

Order a free sample PDF of the Leisure Boat Market Intelligence Study, published by Grand View Research.

Biosensors Industry Outlook, Growth Rate Analysis and Key Players Forecast, 2022 - 2030

The global biosensors market size is anticipated to reach USD 49.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2022 to 2030. The primary driving reasons for market growth are many applications in the medical/healthcare sector, increased demand in the bioprocessing industry, and the rapid technological advancements in the drug screens area due to the COVID-19 pandemic. Furthermore, due to the COVID-19 outbreak, the biosensor industry has experienced rapid expansion in recent years due to the expanding number of hospitals around the world which will result in high adoption of biosensors because they are cost-effective and time-saving, which are driving the biosensor market.

Biosensors Market Segmentation

Grand View Research has segmented the global biosensors market on the basis of technology, application, end-user, and region:

Based on the Technology Insights, the market is segmented into Thermal, Electrochemical, Piezoelectric, and Optical.

• The electrochemical segment dominated the market and captured the largest revenue share of around 71.1% in 2021.
• The optical segment is expected to witness the fastest growth over the forecast period.
• The need for optical biosensors in the analysis is predicted to increase throughout the forecast period, owing to their broad analytical coverage.
• Optical biosensors provide a number of advantages over traditional analytical techniques, including the elimination of the requirement for substantial sample preparation and the option to pick a specific biological sensing element.

Based on the Application Insights, the market is segmented into Medical, Food Toxicity, Bioreactor, Agriculture, Environment and Others.

• The medical segment dominated the market and accounted for the largest revenue share of around 66.7% in 2021.
• Biosensors are used in the fields of cholesterol testing, blood glucose monitoring, blood gas analyzer, pregnancy testing, drug discovery, and infectious disorders in the medical segment.
• A series of advanced glucose biosensors have been developed to help maintain the normal blood glucose level in patients suffering from diabetes.
• The agriculture segment is expected to witness the fastest CAGR during the projection period.

Based on the End-user Insights, the market is segmented into Home healthcare diagnostics, POC testing, Food industry, Research laboratories, Security and bio-defense.

• The point-of-care testing segment led the market and accounted for a revenue share of roughly 49.8% in 2021.
• The food industry segment is anticipated to witness the fastest growth over the forecast period.
• There are some potential application areas of biosensors in the food industry, such as fast analysis of food to keep the freshness of the product and raw material inspections on a regular basis, such as rapid food analysis to preserve product cleanness and repetitive monitoring of raw materials, have paved the way, which is some of the biosensors' potential use in the food industry.

Biosensors Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

To maintain the surge in demand from diverse biosensor applications, leading businesses in the market are enforcing higher product quality. For instance, in February 2019, the iQ Group Global introduced the glucose saliva biosensor.

Some of the prominent players in the biosensors market include:

• Bio-Rad Laboratories Inc.
• Medtronic
• Abbott Laboratories
• Biosensors International Group, Ltd.
• Pinnacle Technologies Inc.
• Ercon, Inc.
• DuPont Biosensor Materials
• Johnson & Johnson
• Koninklijke Philips N.V.
• LifeScan, Inc.
• QTL Biodetection LLC
• Molecular Devices Corp.
• Nova Biomedical
• Molex LLC
• TDK Corporation
• Zimmer & Peacock AS
• Siemens Healthcare

Order a free sample PDF of the Biosensors Market Intelligence Study, published by Grand View Research.

Bio-succinic Acid Market key players insight & growth driver analysis 2022 - 2030.

The global bio-succinic acid market size is expected to reach USD 272.4 million by 2030, as per a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.6% from 2022 to 2030. The growth is attributed to the rising demand for bio-succinic acid in several end-use industries such as food and beverages, pharmaceuticals, and personal care and cosmetics.

The growing demand in multiple industries is due to the increase in awareness regarding the availability of substitutes in the market against various harmful chemical substances. The growing utilization of bio-succinic acid in several applications such as BDO, resins, and polyurethanes is also expected to drive the product demand in the near future. Additionally, the growing population and ongoing urbanization and industrialization have led the government of emerging economies to increase their manufacturing expenses to cater to the rising demand for bio-succinic acid.

Bio-succinic Acid Market Segmentation

Grand View Research has segmented the global bio-succinic acid market on the basis of application, end-use, and region:

Based on the Application Insights, the market is segmented into BDO, Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins and Others

• This is attributed to the high demand for the product in the market in the production of various products like polyurethane, tetrahydrofuran, and polybutylene, among many other products.
• The application of BDO varies from the production of various prominent polymers to its application in the production of plastics. Polyurethanes, polyethers, and polyesters are the major polymers that use BDO in their production processes.
• The increasing demand for BDO and its numerous derivatives such as THF is expected to have a positive impact on the product demand, resulting in the high growth of the acid market.

Based on the End-use Insights, the market is segmented into Industrial, Food and Beverages, Pharmaceuticals, Personal Care and Cosmetics and Others

• The industrial segment held the largest revenue share of more than 40.0% in 2021. This is attributed to the growing demand for the products in the process of production of polyurethane, tetrahydrofuran, and polybutylene terephthalate among many other products.
• Bio-succinic acid is used in a wide range of industrial applications as a raw material to produce products such as adhesives, solvents, sealants, resins, elastomers, coatings, plastics, and lubricants.
• This growth can be attributed to the increasing demand for the product in the drug-making process, which is helpful in improving heart and blood flow circulations in the human body.

Bio-succinic Acid Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Most of these companies have integrated their business operations across the value chain to obtain maximum profit out of a minimum investment. Companies such as BioAmber, DSM, Mitsubishi Chemical Corporation have been a part of the market with their products. The competitive rivalry over the coming years is expected to rise due to the strategic decisions taken by corporations.

Some prominent players in the global bio-succinic acid market include:

• BASF SE
• DSM
• Roquette Freres
• BioAmber
• Myriant Corporation
• Kawasaki Kasei Chemicals
• Mitsui & Co., Ltd.
• Mitsubishi Chemical Corporation

Order a free sample PDF of the Bio-succinic Acid Market Intelligence Study, published by Grand View Research.

Which are the recent industry trends that can be implemented to generate additional revenue streams?

The global medical device testing services market is expected to reach USD 22.8 billion by 2030, registering a CAGR of 11.3% during the forecast period, according to a new report by Grand View Research, Inc. increasing complexity in product design and stringent government regulations are driving demand for the medical device testing services. The COVID-19 pandemic has created an unprecedented demand for medical device testing services in 2020, and the trend was expected to continue in 2021. The majority of medical equipment being tested is Personal Protective Equipment (PPE).

A significant rise in preclinical spending is a recent trend among pharmaceutical and medical device companies, which is expected to significantly contribute to market growth. As per the survey carried out by the International Federation of Pharmaceutical Manufacturers & Associations in 2017, around USD 149.8 billion is spent on preclinical trials, every year.

Medical Device Testing Services Market Segmentation

Grand View Research has segmented the global medical device testing services market based on the service, phase, and region:

Based on the Service Insights, the market is segmented into Biocompatibility Tests, Chemistry Test, Microbiology & Sterility Testing and Package Validation.

• Microbiology and sterility testing dominated the market with 34.2% of revenue share in 2021. The segment is further divided into bioburden determination, pyrogen & endotoxin testing, sterility test &validation, and anti-microbial activity testing.
• Package & validation for medical devices ensure product integrity and protect against damage throughout the supply chain. Though the market is less monopolized and accounted for 14.0% of the revenue share in 2021.
• The manufacturers are now considering environmental and economic factors to revalidate their packaging. Also, regulatory authorities such as FDA have increased their focus on medical device packaging, which is acting as a driving force behind the market growth.

Based on the Phase Insights, the market is segmented into Preclinical, and Clinical.

• The preclinical phase led the market and accounted for more than 65.0% share of the global revenue in 2021. The segment is also expected to dominate the market during the forecast period, as the major portion of biocompatibility, microbiology, and chemistry tests are performed in this phase.
• Medical device testing services during the clinical trial phase are expected to grow significantly in the coming years. As medical devices are critical they have a direct impact on human lives.

Medical Device Testing Services Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Being a very competitive market space, companies are increasing their emphasis in certain areas. For example, in 2021, TÜV SÜD announced that it would present itself at Medtec LIVE, to exhibit its ability to be a one-stop shop for medical device testing.

Some prominent players in the global medical device testing services market include:

• SGS SA
• Toxikon, Inc
• Euro fins Scientific
• Pace Analytical Services LLC
• Intertek Group Plc
• Wuxi AppTec
• North American Science Associates, Inc
• TÜV SÜD AG
• American Preclinical Services
• Sterigenics International LLC
• Charles River Laboratories International, Inc.
• Medical Device Testing Services

Order a free sample PDF of the medical device testing services Market Intelligence Study, published by Grand View Research.

Home Bedding Market Share, Trends & Scope, Product Estimates & Strategy Framework To 2022 - 2030.

The global home bedding market size is expected to reach USD 172.36 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.9% from 2022 to 2030. The market is driven by the rising use of adjustable beds, which has resulted in the lockdown induced by Covid-19 as a means of properly adjusting the work-from-home lifestyle. This tendency has boosted the market growth by increasing the prevalence of customizable mattresses and bed linens. Increased residential expansion across areas, indicating increased house construction and building permits, is expected to revamp 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.

Home Bedding Market Segmentation

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

Based on the type Insights, the market is segmented into Bed Linen, Mattress, Pillows, Blankets, and Others.

• The bed linen segment held the largest revenue share of over 25.0% in 2021 and is expected to witness the fastest growth over the forecast period. Bed linens include bed sheets, bed covers, pillow covers, and duvet covers.
• Bed linens include bed sheets, bed covers, pillow covers, and duvet covers. A rapid shift in consumer preferences toward quality and sustainable linens for healthier beds, greater comfort, and durability is a key factor boosting the segment growth.
• The blankets segment is expected to expand at a CAGR of 7.9% from 2022 to 2030. The segment is driven by the rising demand for Afghans in countries with a cold climate like the U.K., Canada, the U.S., and Russia.

Based on the Distribution Channel Insights, the market is segmented into offline and Online.

• Offline channel is preferred by shoppers as it facilitates the consumers to have a first-hand look at the products, which helps in an easy inspection of the quality and materials. With the help of traditional brick-and-mortar stores.
• The online distribution channel is expected to register the fastest CAGR of 9.1% from 2022 to 2030. With the advent of online retailers and the increased efficiency of e-commerce sites, consumers are making fewer trips to brick-and-mortar stores.

Home Bedding Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is characterized by the presence of a few established players and new entrants. Companies have been expanding their product portfolios by incorporating new and innovative home bedding to widen their consumer base. For instance, in February 2021, Tempur Sealy International, Inc. introduced an all-new, expanded mattress portfolio.

Some prominent players in the global home bedding market include:

• Acton & Acton Ltd.
• American Textile Company
• Tempur Sealy International, Inc.
• Bombay Dyeing
• Casper Sleep Inc.
• Beaumont & Brown
• Pacific Coast Feather Company
• Crane & Canopy Inc.
• Peacock Alley
• Purple Innovation, Inc.
• The White Company
• Portico New York

Order a free sample PDF of the in Home bedding Market Intelligence Study, published by Grand View Research.

Diabetes Devises Market Revenue And Industry Forecasts Till, 2022 - 2030

The global diabetes devices market size is expected to reach USD 54.16 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 8.2% from 2022 to 2030. The market is primarily driven by factors such as the increasing incidence of diabetes, coupled with technological advancements and innovative product launches.

Rising adoption of advanced diabetes management solutions in developing regions, government policies, and rising medical tourism are some of the major factors contributing to the market growth. Furthermore, the rising government initiative to spread diabetes awareness and increasing R&D expenditure of major market players are the factors expected to ensure long-term market growth. According to the NCBI report, global health expenditure on diabetes is expected to reach USD 490 billion in 2030 from 376 billion in 2010.

Diabetes Devices Market Segmentation

Grand View Research has segmented the global diabetes devices market based on type, distribution channel, end use, and region:

Based on the Type Insights, the market is segmented into BGM Devices and Insulin delivery devices.

·        Insulin delivery devices are identified as the fastest growing segment in the global diabetes devices market and accounted for over 56.9% share in 2021.

·        The pump segment is expected to gain substantial market share as it is estimated to grow at fastest CAGR during the forecast period.

·        CGM is said to further collaborate with insulin delivery systems to ensure a single integrated system for efficient diabetes care management.

Based on the Distribution Channel Insights, the market is segmented into Hospitals Pharmacies, Retail Pharmacies, Diabetes Clinics/ Centers, Online Pharmacies.

·        In 2021, hospital pharmacies accounted for over 54.0% of the market penetration owing to high footfall and availability of products.

·        The COVID-19 pandemic has positively impacted the e-pharmacies business; the sales volume of diabetes devices is observed to have increased through this platform.

·        Inpatient pharmacy is present within the hospital, accessible only by authorized personnel serving operation rooms, ICU, inpatient wards, and special service areas.

Based on the End-Use Insights, the market is segmented into Hospitals, Diagnostic Centers and Homecare.

·        Hospital segment dominated the market with largest market share of 40.9% in 2021. Increasing number of hospital admissions of diabetes patients is boosting the demand for the segment.

·        Diabetes technology has evolved rapidly in the past few years. Most of these technologies aim to improve diabetes care in hospitals and clinics.

·        Homecare segment is anticipated to lucrative growth rate at 7.4% compound annual growth rate(CAGR) during the forecast period. This growth is attributed to growing awareness about diabetes preventive care

Diabetes Devices Regional Outlook

•             North America

•             Europe

•             Asia Pacific

•             Latin America

•             Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Market leaders are focusing on product launches and technological collaboration to increase their foothold in the market. The acquisition is anticipated to help Novo Nordisk gain a competitive edge in the oral antidiabetic market.

Some prominent players in the Global Diabetes Devices market include

·        Medtronic plc

·        Abbott Laboratories

·        F.Hoffmann-La-Ltd.

·        Bayer AG

·        Lifescan, Inc.

·        B Braun Melsungen AG

·        Lifescan, Inc.

·        Dexcom Inc.

·        Insulet Corporation

·        Ypsomed Holdings

·        Companion Medical

·        Sanofi

·        Valeritas Holding Inc.

·        Novo Nordisk

·        Arkray, Inc.

Order a free sample PDF of the Diabetes Devices Market Intelligence Study, published by Grand View Research.