Regulatory Affairs Outsourcing Industry Growth Is Propelled By Entry Of Companies In The Global Market

Regulatory Affairs Outsourcing Industry Overview

The global regulatory affairs outsourcing market size is expected to reach USD 13.9 billion by 2030, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. Significant increase in the fixed costs of in-house resources for regulatory affairs & operation activities like training, technology, specialized knowledge, and facilities are driving outsourcing of regulatory affair functions. Addressing local regulatory challenges and constant changes in the regulations of the major markets, such as the U.S., Europe, and Asia, is creating demand for these services. Compliance with the current regulations has become an immense chore, leave alone trying to stay up to date with developments around the world. Amendments to current regulations are likely to simplify the regulatory pathway for the industry but in turn, complicate the operation for healthcare product manufacturing companies.

Regulatory Affairs Outsourcing Market Segmentation

Grand View Research has segmented the global regulatory affairs outsourcing market based on services, company size, category, indication, stage, end user, and region:

Based on the Services Insights, the market is segmented into Regulatory Consulting, Legal Representation, Regulatory Writing & Publishing, Product Registration & Clinical Trial Applications and Other Services.

• The regulatory writing & publishing segment led the market in 2021 and accounted for the highest share of more than 36.5% of the global revenue.
• The segment is also anticipated to dominate the market during the forecast period owing to the adoption of outsourcing of these services by large- and mid-sized biopharmaceutical and medical device companies.
• The legal representation services segment is anticipated to witness the fastest growth rate over the forecast period. This is due to the increasing demand for legal representatives across the globe on account of the globalization of medical devices and pharmaceutical companies.

Based on the Company Size Insights, the market is segmented into Small, Medium and Large.

• The large companies segment is projected to register the fastest growth rate of more than 9% over the forecast period.
• The medium-sized companies segment accounted for the maximum revenue share in 2021 and is estimated to expand further retaining the leading position over the forecast period.

Based on the Category Insights, the market is segmented into Drugs, Biologics and Medical Devices.

• The medical device segment accounted for the largest share of more than 37.5% of the global revenue in 2021. This can be attributed to the fact that medical devices companies are now focusing on their core competencies and outsourcing noncore functions to increase their productivity and operational efficiency.
• However, the biologics segment is projected to register the forecast CAGR over the forecast period. The R&D productivity of small molecule drugs is declining, hence the focus is shifting to biologics, which is expected to register productive growth in the years to come.

Based on the Stage Insights, the market is segmented into Preclinical, Clinical and PMA (Post Market Authorization).

• The clinical studies segment accounted for the largest share of more than 46.5% in 2021. This can be attributed to the increasing number of clinical trial registrations over the past few years.
• The preclinical segment is anticipated to grow at the fastest CAGR over the forecast period. The rising demand for novel disease treatments, such as COVID-19, Zika virus, and Ebola, and the increasing prevalence of existing diseases, such as CVDs, cancer, and neurological diseases are the key factors contributing to the preclincial segment’s growth.

Based on the Indication Insights, the market is segmented into Oncology, Neurology, Cardiology, Immunology and Others.

• The immunology segment is expected to grow at the fastest CAGR over the forecast. This is due to its potential in facilitating the treatment of various cardiovascular, neurological, oncological, and inflammatory diseases.
• The strategic initiatives undertaken by market players for immunology are anticipated to facilitate the segment growth.
• The oncology segment accounted for the largest share of more than 33% of the global revenue in 2021.

Based on the End-use Insights, the market is segmented into Medical Device Companies, Pharmaceutical Companies and Biotechnology Companies.

• The pharmaceutical companies end-use segment accounted for the largest share of more than 39% of the global revenue in 2021. The segment is anticipated to expand further at the fastest CAGR retaining its leading market position over the forecast period.
• The medical device and biotechnology segments both have registered a substantial share in the market in 2021. This can be attributed to the increased demand for biopharmaceuticals, vaccines, advanced medical devices, and others.

Regulatory Affairs Outsourcing Regional Outlook

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

Key Companies Profile & Market Share Insights

Market players are undertaking various strategic initiatives, such as partnerships, collaborations, mergers & acquisitions, geographic expansion, to strengthen their product portfolio, manufacturing capacities, and provide competitive differentiation.

Some prominent players in the Regulatory Affairs Outsourcing market include

• Accell Clinical Research, LLC
• GenPact Ltd.
• Criterium, Inc.
• PRA Health Sciences
• Promedica International
• Regenold GmbH
• BioMapas
• Zeincro Group
• Medpace
• ICON plc
• Covance
• Parexel International Corp.
• Freyr

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

5G Infrastructure Market Key Players are ZTE Corporation, NEC Corporation, Cisco Systems, Fujitsu Limited and CommScope

5G Infrastructure Industry Overview

The global 5G infrastructure market size is estimated to reach USD 95.88 billion by 2030, registering a CAGR of 34.2% from 2022 to 2030, according to a new study by Grand View Research, Inc. Significant investments by communication service providers to deploy 5G infrastructure across the globe to offer improved data services are estimated to drive the market. Additionally, robust innovation in next-generation 5G network equipment and deployment module will help in bringing down the overall deployment costs for service providers, thus boosting 5G infrastructure deployment during the forecast period.

5G Infrastructure Market Segmentation

Grand View Research has segmented the global 5G infrastructure market on the basis of component, spectrum, network architecture, vertical, and region:

Based on the Component Insights, the market is segmented into Hardware and Services.

• In the hardware segment, RAN dominated the market for 5G infrastructure with a share of 48.5% in 2021. This is attributed to the robust deployment of 5G RAN with several small cells and macrocell base stations globally.
• The trend of deploying virtual and centralized RAN is rapidly rising among network service providers to reduce overall infrastructure costs and network complexities.
• Moreover, the use of Software-defined Networking (SDN) technology to improve the operational efficiency of virtual RANs is expected to play a crucial role in the segment growth from 2022 to 2030.
• The core network sub-segment under hardware is estimated to witness significant growth during the forecast period. The core network plays an essential part in handling network traffic and storing consumer information.

Based on the Spectrum Insights, the market is segmented into Sub-6 GHz and mmWave.

• In terms of revenue, the sub-6 GHz segment dominated the 5G infrastructure market with a share of 84.8% in 2021. This is attributed to the significant investments made by key communication service providers in acquiring low and mid-band frequencies, and consequently delivering high bandwidth services to consumers, businesses, and industries.
• mmWave frequencies are high band frequencies that provide enhanced bandwidth capacity with very low latency. These spectrum bands would be mainly helpful in applications where ultra-reliable connectivity is a prerequisite, especially in remote patient surgeries and Vehicle-to-Vehicle (V2V) connectivity.

Based on the Network Architecture Insights, the market is segmented into Standalone and Non-standalone.

• The non-standalone (NSA) network architecture dominated the global 5G infrastructure industry with a revenue share of over 91% in 2021. This is attributed to the early rollout of the non-standalone network across the globe.
• The need for unified bandwidth capacity with minimum latency to establish seamless communication between autonomous vehicles is expected to drive the demand for 5G infrastructure in the transportation and logistics segment.
• Therefore, the growing demand for faster data speed across the above-mentioned verticals is anticipated to boost the standalone segment growth from 2022 to 2030.

Based on the Vertical Insights, the market is segmented into Residential, Enterprise/Corporate, Smart City, Industrial, Energy & Utility, Transportation & Logistics, Public Safety and Defense, Healthcare Facilities, Retail, Agriculture and Others.

• The enterprise/corporate segment dominated the market with a revenue share exceeding 20% in 2021. This is attributed to the surging demand for faster data bandwidth for use cases, including uninterrupted virtual meetings, seamless connectivity during cloud computing, and creating a smart workplace by providing enhanced connectivity to IoT devices.
• The need to provide seamless connectivity to smart home applications, cloud-based Augmented Reality/Virtual Reality (AR/VR) gaming, and others, have raised the deployment of 5G infrastructure for residential or consumer applications.
• The rising demand to establish continual communication among industrial applications is expected to propel the growth of the industrial segment during the forecast period.
• The deployment of 5G infrastructure is increasing across government and public safety facilities owing to the imminent need to establish quick communication with first responders during emergencies.
• The energy and utility sector is anticipated to showcase enormous growth owing to the growing need for high-speed internet connectivity across energy generation and distribution applications.

5G Infrastructure Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is highly consolidated with the top four players accounting for over 60% revenue share in 2021. Key players are striving to build strategic partnerships with service providers to deploy next-generation network infrastructure and gain an early mover’s advantage.

Some prominent players in the 5G Infrastructure market include

• Huawei Technologies Co., Ltd.
• Samsung Electronics Co., Ltd.
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
• NEC Corporation
• Cisco Systems, Inc.
• Fujitsu Limited
• CommScope Inc.
• Comba Telecom Systems Holdings Ltd.
• Altiostar
• Airspan Networks
• Casa Systems
• Hewlett Packard Enterprise Development LP
• Mavenir
• Parallel Wireless
• JMA Wireless
• Ceragon
• Aviat Networks, Inc.

Order a free sample PDF of the 5G Infrastructure Market Intelligence Study, published by Grand View Research.

In Vitro Fertilization Market Revenue Opportunities and Gross Margin Analysis

In Vitro Fertilization Industry Overview

The global in vitro fertilization market size is expected to reach USD 37.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.9% from 2022 to 2030. The market is driven by the continuous efforts of the market players, government initiatives to make available better reimbursement policies, and an increase in the incidence of infertility due to lifestyle changes. Expansion of fertility procedures such as ICSI for treating infertility is expected to positively impact the market growth in the near future.

In Vitro Fertilization Market Segmentation

Grand View Research has segmented the global in vitro fertilization market based on instrument, procedure type, end-use, and region:

Based on the Instrument Insights, the market is segmented into Disposable Devices, Culture Media and Capital Equipment.

• The culture media segment dominated the market for IVF and accounted for a revenue share of more than 41.0% in 2021. This growth was credited to the factors, such as the availability of funding and an increase in research activities to improve the culture media.
• On the other hand, as industry players are introducing disposable devices, such as needles, slides, and chambers, to meet the sterility and regulatory requirements, the disposable devices segment is expected to likely witness the fastest growth rate during the forecast years.

Based on the Procedure Type Insights, the market is segmented into Fresh Donor, Frozen Donor, Fresh Non-donor and Frozen Non-donor.

• The frozen non-donor segment led the market IVF and accounted for the largest revenue share of 47.0% in 2021. The segment is expected to register the fastest growth over the forecast period.
• Certain factors contributing to the high share are the cost-effectiveness as compared to fresh non-donor and the less-invasive nature of the procedure. The fresh non-donor segment accounted for the second-highest revenue share in 2021.

Based on the End-use Insights, the market is segmented into Fertility Clinics and Hospitals & Other Setting.

• The fertility clinics segment dominated the market for IVF and accounted for the largest revenue share of more than 79.0% in 2021. The segment is likely to witness the fastest CAGR from 2022 to 2030.
• Factors, such as cost-effectiveness, availability of specialists, and minimal or no chances of Hospital-acquired Infections (HAIs), are anticipated to drive the growth of fertility clinics.
• Several multispecialty hospitals offer infertility treatments, including IVF. Increased accessibility and availability of potential treatments can be attributed to a higher preference for hospitals for infertility treatments.

In Vitro Fertilization Regional Outlook

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

Key Companies Profile & Market Share Insights

Geographical expansions, mergers, product innovations, and commercialization are the key strategies adopted by the market players.

Some prominent players in the In Vitro Fertilization market include

• OvaScience
• EMD Serono Inc.
• Vitrolife AB
• Irvine Scientific
• Cook Medical Inc.
• Cooper Surgical Inc.
• GeneaBiomedx
• Thermo Fisher Scientific Inc.
• Progyny, Inc.
• Boston IVF

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

Behavioral Health Care Software And Services Market Component Outlook and Research Report

Behavioral Health Care Software And Services Industry Overview

The global behavioral health care software and services market size is expected to reach USD 8.6 billion by 2030, expanding at a CAGR of 12.78% from 2022 to 2030, based on a new report by Grand View Research, Inc. Behavioral health management software provides ease of communication between providers and patients and its real-time monitoring feature enables doctors to efficiently track patient progress. These systems maintain confidentiality regarding patient information, especially in cases of substance abuse and mental illness. The software increases productivity and efficiency for service providers by integrating with its existing infrastructure. Behavioral healthcare providers help reduce treatment costs by providing value-based medicine programs, thus preventing hospital readmissions.

Behavioral Health Care Software And Services Market Segmentation

Grand View Research has segmented the global behavioral health care software and services market based on component, delivery model, function, end-use, and region:

Based on the Component Insights, the market is segmented into Software and Support Services.

• The software segment dominated the market with a share of 83.0% in 2021. Increased adoption of technological solutions for the management of financial, administrative, and clinical functions of psychiatry practices is responsible for the segment growth.
• The segment is further bifurcated into integrated and standalone. Integrated software has all the functionalities combined in one single package. The services can vary from appointment scheduling, billing and claims management, e-prescription, telehealth, payroll management, etc.

Based on the Delivery Model Insights, the market is segmented into Ownership and Subscription.

• The subscription segment held the majority of the market share in 2021 and is anticipated to register the highest compound annual growth rate (CAGR) of 12.3% during the forecast period.
• With the advent of technological advancements, varieties of options are now available in the market, favoring the growth of the ownership segment.

Based on the Function Insights, the market is segmented into Clinical, Administrative and Financial.

• Based on function, the clinical functions segment dominated the market in terms of revenue share in 2021 and is expected to maintain its prominent position in the market with a 3.9% compound annual growth rate (CAGR) throughout the forecast period.
• The administrative functions, on the other hand, are anticipated to be the fastest-growing segment in the forthcoming years.
• Rapid changing reimbursement scenario, increasing adoption of RCM platforms, and increasing cost of care are boosting the growth of the financial function segment.

Based on the End-use Insights, the market is segmented into Providers, Payers and Patients.

• Based on end-use, providers accounted for over 52.1% of the market revenue share in 2021.
• On the other hand, the payer's segment is likely to witness the maximum compound annual growth rate (CAGR) of 13.96% during the forecast period due to the improving reimbursement scenario.
• The patients segment is projected to witness lucrative growth of 12.81% compound annual growth rate (CAGR) in the coming years. The rising prevalence of anxiety and stress, increasing availability of a variety of mobile apps, and improving internet access are propelling the growth of the segment.

Behavioral Health Care Software And Services Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is characterized by innovation in products due to evolving needs & demand for tools & software to manage & provide psychiatric services.

Some prominent players in the Behavioral Health Care Software And Services market include

• Cerner Corporation
• Core Solutions, Inc.
• Epic
• Meditab
• Holmusk
• Netsmart Technologies
• Qualifacts Systems, Inc.
• Welligent, Inc.

Order a free sample PDF of the Behavioral Health Care Software And Services Market Intelligence Study, published by Grand View Research.

Diabetes Devices Market Service Insights, Regional scope and Value Chain Analysis By 2030

Diabetes Devices Industry Overview

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.
• Based on, insulin delivery device, the market has been segmented into pens, pumps, syringes and jet injectors.
• Pens held a larger share of the diabetes devices market in 2021. However, the pump segment is expected to gain substantial market share as it is estimated to grow at fastest CAGR during the forecast period.
• The adoption of blood glucose meters is gradually increasing due to advantages such as portability and accuracy.

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

• In 2021, hospital pharmacies accounted for over 54.0% of the market penetration owing to high footfall and availability of products.
• As online pharmacies directly procure diabetes devices from the manufacturers, it helps them avail lucrative deals for customers.
• The increasing patient awareness about online pharmacies and increased public-private funding are key factors driving the segment.
• 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.

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

• 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.
• 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.

Some prominent players in the Diabetes Devices market include

• Medtronic plc
• Abbott Laboratories
• 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.

Transplantation Market Overview By Product, Application, Regional Demand and Prominent Players

Transplantation Industry Overview

The global transplantation market size is expected to reach USD 30.9 billion by the year 2030, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing incidence of organ failure has resulted in massive growth in the transplantation market.

Rising demand for transplant products such as tissue products, immunosuppressants, and organ preservation solutions is a major factor anticipated to boost the market’s growth during the forecast period. Thus, many biotechnology and medical device companies have begun to concentrate on the development of advanced transplant products for the management of organ failure.

Transplantation Market Segmentation

Grand View Research has segmented the global transplantation market on product, application, end-use, and region:

Based on the Product Insights, the market is segmented into Tissue Products, Immunosuppressive Drugs and Preservation Solution.

• Tissue products were the highest revenue-generating segment in 2021 with a market share of 57.8%. The increasing number of transplantation procedures such as that of cochlear, heart valves, bone marrow, and orthopedic soft tissues is attributed to the growth of the segment.
• Immunosuppressive drugs segment is projected to showcase lucrative growth during the study period. This can be attributed to the high usage of these drugs to prevent post-transplant tissue or organ rejection.
• The preservation solutions segment is expected to exhibit significant growth during the study period due to rising government support for stem cell research and the high application of these products to improve the physiological function of organs.

Based on the Application Insights, the market is segmented into Organ Transplantation and Tissue Transplantation.

• Tissue transplantation dominates the market with market size of 7.6 billion in 2021. This is due to the fact that the replacement of skin, cornea, bones, heart valves, tendons, nerves, and veins are most commonly performed procedure worldwide.
• The organ transplantation segment is expected to show a lucrative growth rate during the forecast period. The increasing number of organ transplantations globally as well as the repetitive purchase of immunosuppressants is anticipated to boost the market growth in the near future.

Based on the End-use Insights, the market is segmented into Hospitals, Transplant Centers and Others.

• The hospitals segment held the largest market share of 49.6% in the year 2021.
• A large number of organ and tissue transplant procedures are conducted at hospitals as they are primary treatment centers. Additionally, the emergence of hospitals with developed infrastructure is further expected to fuel market growth.
• The number of transplant centers is expected to exhibit the highest growth during the forecast period. Escalating transplantation procedures have triggered the need for an increased number of healthcare centers catering to the unmet needs of the patients.
• Also, rising government initiatives to encourage organ donation are projected to propel market growth.

Transplantation Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is highly fragmented with the presence of many large, small, and medium-scale vendors. Rising regulatory approvals for allografts, autologous grafts, and other materials along with the development of innovative products, such as 3D bioprinting, have led to high demand for transplant products.

Some prominent players in the Transplantation market include

• AbbVie, Inc.
• Arthrex, Inc.
• Zimmer Biomet
• Medtronic
• Novartis AG
• Stryker
• 21st Century Medicine
• BioLifeSolutions, Inc
• Teva Pharmaceuticals
• Veloxis Pharmaceuticals

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

HVAC Systems Market Application, Value Chain Analysis and Business Environment Study

HVAC Systems Industry Overview

The global HVAC systems market size is anticipated to reach USD 234.9 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

HVAC Systems Market Segmentation

Grand View Research has segmented the global HVAC systems market based on product, end use, and region:

Based on the Product Insights, the market is segmented into Heating, Ventilation and Cooling.

• The cooling segment dominated the market for HVAC systems and accounted for the largest revenue share of 54.7% in 2021.
• The cooling segment from 2022 to 2030 is projected to grow at an approximate CAGR of 6%.
• Apart from cooling, heating is also a major segment exhibiting gradual growth over the years. As of 2021, the segment captured over 20.0% share of the market.

Based on the End-use Insights, the market is segmented into Commercial, Residential and Industrial.

• The residential segment dominated the market for HVAC systems and accounted for the largest revenue share of 40.1% in 2021. An increase in multi-family and individual homeowners is creating avenues for the residential HVAC segment. As such in 2021 the segment was approximately valued at more than USD 50.0 billion.
• Commercial HVAC space offers huge opportunities for growth. The segment is projected to witness a CAGR exceeding 6.0% in the market for HVAC systems from 2022 to 2030.
• As the COVID-19 pandemic becomes an endemic, and permanent WFH models slowly transition to a hybrid working model, the demand for HVAC in commercial settings is anticipated to witness an uptick.

HVAC Systems Regional Outlook

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

Key Companies Profile & Market Share Insights

Inorganic growth strategies have been the go-to-market strategy for vendors in this space. The focus to increase market expanse and beat competition is achieved through partnerships and M&As.

Some prominent players in the HVAC Systems market include

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Ltd.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

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

Legal Cannabis Market Key Growth Opportunities and PESTEL Analysis By 2030

Legal Cannabis Industry Overview

The global legal cannabis market size is expected to reach USD 134.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 25.3% from 2022 to 2030. The increased legalization across different nations of the usage of cannabis-derived products has gained a lot of popularity. Medical cannabis-based has been used in the treatment of various indications like epileptic seizures, nausea related to chemotherapy, anxiety, and other brain-related diseases. Several studies are being conducted for CBD products in various indications. The medical fraternity has slowly increased acceptance of medical cannabis as well as marijuana and its derivatives owing to its legalization by the governments. Some countries like Canada, the U.S., and Uruguay have legalized its recreational use along with medicinal use. Adult use and recreational use of marijuana is readily available in some of the countries’ markets, thereby increasing adoption and market growth. The COVID-19 pandemic has impeded the growth of the market. Supply chain disruptions and a surge in panic buying scenarios led to the increase in the demand-supply gap, thereby affecting the market growth. However, it is expected to grow post-pandemic with the increased support from governments and ever-increasing demand.

Legal Cannabis Market Segmentation

Grand View Research, Inc. has segmented the global legal cannabis market on the basis of source, derivative, end use, and region:

Based on the Source Insights, the market is segmented into Marijuana and Hemp.

• In 2021, marijuana accounted for the largest revenue share of over 70.0% and is anticipated to register the fastest growth rate during the forecast period. The growth in the segment can be attributed to the increasing rate of legalization across the globe.
• Both recreational and medical marijuana have seen a huge jump in acceptance and legalization since the pandemic. The use of medical marijuana is acceptable in a number of countries including the U.S., Canada, Italy, Czech Republic, Croatia, and Australia.

Based on the Derivative Insights, the market is segmented into CBD, THC and Others.

• In 2021, CBD accounted for the largest revenue share of over 65.0%. This growth is due to the acceptance of the efficacy of CBD by the scientific community and by consumers.
• Cannabinoids have in general shown their potential in the treatment of various diseases like PTSD and several types of cancers. They are considered potent analgesics and may have possible anti-stress properties.
• The others segment is expected to register the fastest growth rate over the forecast period. This can be due to the rise in the acceptance of cannabis as a potent pain-reliever and in several other indications.

Based on the End-use Insights, the market is segmented into Medical Use, Recreational Use and Industrial Use.

• In 2021, the medical-use segment accounted for the largest revenue share of over 70.0%. Legalization of its use has served as a key factor for market growth.
• Recreational marijuana is expected to witness the fastest growth over the forecast period and is gaining more and more popularity with the youth around the world.
• Cannabis has been legalized for both recreational and medical use in the U.S. and Canada in the North American region.

Legal Cannabis Regional Outlook

• North America
• Europe
• Asia
• Oceania
• Latin America and Caribbean
• Africa

Key Companies Profile & Market Share Insights

The companies are turning to expansion in their product portfolios as well as expansion through mergers and acquisitions of small players in the industry.

Some prominent players in the Legal Cannabis market include

• Canopy Growth Corporation
• GW Pharmaceuticals, plc
• Aurora Cannabis, Inc.
• Aphria, Inc.
• Cronos Group
• Tilray
• Sundial Growers Inc.
• Insys Therapeutics, Inc.
• The Scotts Company LLC
• VIVO Cannabis Inc.
• Cara Therapeutics Inc.

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

Growing Demand For Dietary Supplements Is Expected To Be A Key Driving Factor For The Nutraceuticals Market

Nutraceuticals Industry Overview

The global nutraceuticals market size is expected to reach USD 991.09 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.0% from 2021 to 2030. Rising awareness regarding calorie reduction and weight loss in the major markets including the U.S., China, and India is expected to promote the application of the health and wellness segment and thus, in turn, will have a substantial impact on the industry.

Nutraceuticals Market Segmentation

Grand View Research has segmented the global nutraceuticals market on the basis of product and region:

Based on the Product Insights, the market is segmented into Dietary Supplements, Functional Food and Functional Beverages.

• The functional food segment led the overall market in 2021 with a revenue share of over 40.0%, followed by dietary supplements and functional beverages.
• Technological upgradation, coupled with progression in product development, is projected to drive the dietary supplements industry over the coming years.
• Sports drinks are gaining popularity among athletes and other individuals involved in energetic physical activities. The millennial generation exponentially drives the sports drinks market due to its high buying capacity, willingness to pay for health products, acute interest in sports, and growing inclination toward fitness activities.
• In the functional food segment, the prebiotics and probiotics segment is anticipated to register the highest growth rate of 11.4% from 2021 to 2030. This can be attributed to the rising demand for diet food and shifting preference toward weight management solutions.
• The prebiotics and probiotics segment is anticipated to grow owing to its promising role in supporting the immune system and acting as major preventive health supplements during the COVID-19 pandemic.

Nutraceuticals Regional Outlook

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

Key Companies Profile & Market Share Insights

The competitive landscape is characterized by the presence of key international players. Companies have implemented mergers & acquisitions and new product launches as key strategies to compete in the market. Acquisitions and mergers facilitated the companies to expand their product reach and improve product quality.

Some prominent players in the Nutraceuticals market include

• Cargill, Incorporated
• Archer Daniels Midland Company
• DuPont
• Nestle S.A.
• Danone
• Royal DSM N.V.
• General Mills
• Innophos
• WR Grace
• Amway Corporation
• AOR Canada
• Arkopharma Laboratories S.A.
• Bactolac Pharmaceuticals, Inc.
• I.D Parry Ltd.
• Valensa International
• Matsun Nutrition
• Mead Johnson Nutrition Company
• Natrol Inc.
• The Hain Celestial Group, Inc.
• Herbalife Ltd.

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

Data Center Power Market: Rapidly Developing IT Infrastructure Positively Aid The Industry

Data Center Power Industry Overview

The global data center power market size is expected to reach USD 15.0 billion by 2030, expanding at a CAGR of 7.9% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market is majorly driven by the shift in focus of end-users towards hyper-scale and colocation data centers. Rising establishments of such data center facilities are anticipated to result in an increasing demand for data center power equipment during the forecast period. The data center power industry has been significantly impacted by the COVID-19 pandemic. The rapid advancement in the datasets utilized & generated by various companies and individuals has resulted in a rise in data storage demand.

Data Center Power Market Segmentation

Grand View Research has segmented the data center power market based on product, end-use, and region:

Based on the Product Insights, the market is segmented into PDU, UPS, Busway and Others.

• UPS led the market in 2021. The use of portable UPS systems in services, such as Software as a Service (SaaS), high-performance computing, online gaming, and online media streaming, has fueled the segment's growth.
• The PDU segment is expected to register a CAGR of around 8.4% from 2022 to 2030. The growth is mainly driven by the snowballing demand for intelligent power distribution units. 
• Over the last few years, companies are shifting towards the adoption of intelligent PDUs against simple multi-socket racks with server and network equipment.

Based on the End-use Insights, the market is segmented into IT & Telecom, BFSI, Government, Energy, Healthcare, Retail and Others.

• The IT and telecommunications sector emerged as the fastest-growing segment and is expected to exceed USD 2.5 billion by 2030.
• The rapid upsurge in the growth and construction of IT infrastructure is expected to drive the demand during the forecast period.
• Increasing focus on digitization is one of the main reasons for the high demand for BFSI services.
• Moreover, the industry has shifted its focus on cloud computing and cloud networking to increase banking capacities; resulting in huge demand for data centers. This factor is projected to fuel the market growth during the forecast period.

Data Center Power Regional Outlook

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

Key Companies Profile & Market Share Insights

The competitive landscape of the projection mapping market is fragmented, featuring several global as well as regional players. The key participants are entering into strategic collaborations, partnerships, and mergers & acquisitions to expand their business footprint and survive the highly competitive environment.

Some prominent players in the Data Center Power market include

• ABB
• Black Box Corporation
• Eaton
• General Electric
• Generac Power Systems, Inc.,
• Huawei Technologies Co., Ltd,
• Legrand
• Rittal GmbH & Co. KG
• Tripp Lite
• Schneider Electric
• Vertiv Co.

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

The Rise In Construction-Related Activities Has Been An Important Factor In Driving The Facade Market

Facade Industry Overview

The global facade market size is expected to reach USD 336.6 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The market is estimated to witness healthy growth over the forecast period owing to the development of advanced materials with capabilities that offer safety as well as visually appealing texture. Moreover, this exterior building face carries the attribute of both appearance and superior performance in a mode, unlike any other building system, which is expected to fuel the demand for the product over the next few years. The soaring need to lower heating and air-conditioning costs and achieve energy-efficiency is slated to stir up the demand for facades over the coming years. Growing focus on the development of sustainable products is likely to work in favor of the market.

Facade Market Segmentation

Grand View Research has segmented the global facade market on the basis of product, end use, and region:

Based on the Product Insights, the market is segmented into Ventilated Facades, Non-ventilated Facades and Others.

• In 2020, the ventilated facades segment held the largest share of 44.3%. Ventilated facades are likely to be the most prominent product during the forecast period.
• In the ventilated facades segment, curtain walls are poised to be the fastest-growing sub-segment over the forecast period owing to their increasing penetration in commercial buildings.
• The market, at present, is dominated by classic designs, which are anticipated to be replaced by modern, eco-friendly designs over the coming years.
• Several basic materials used in the development of the product include aluminum, plastic and fiber, glass, ceramic, and steel. Aluminum and glass-based composite materials are widely used to build facades owing to their low weight and high transparency, respectively.

Based on the End-use Insights, the market is segmented into Commercial, Residential and Industrial.

• In 2020, the commercial end-use segment captured the largest share of exceeding 50.0%. Facades are extensively used in commercial and residential buildings to protect the interior and provide a visually appealing outer architecture.
• The product is extensively used in commercial buildings due to the availability of high construction budget among corporates.
• The rise in the number of commercial buildings, such as retail stores, hotels, medical centers, warehouses, and garages, in India, China, Brazil, and the Middle Eastern countries is expected to spur the growth of the market over the forecast period.
• Implementation of the product in residential buildings is also likely to increase over the next few years. This is primarily attributed to the rising customer awareness regarding energy saving, especially in the U.S., the U.K., Germany, China, and Japan.

Facade Regional Outlook

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

Key Companies Profile & Market Share Insights

Key market players are strategically focused on mergers and acquisitions in order to expand their geographical presence and overall product portfolios. Leading market players aggressively focus on forming partnership agreements to deploy facade products for specific applications, such as airports, metros, and stadiums.

Some prominent players in the Facade market include

• Rockpanel Group (ROCKWOOL B.V.)
• Aluplex
• Bouygues
• Enclos
• EOS Framing Limited
• Saint-Gobain Group
• AFS International B.V.
• Kingspan Group
• Lindner Group
• Fundermax
• Gartner (Permasteelisa Group)
• HansenGroup
• Hochtief
• National Enclosure Company, LLC.
• Schuco International (OTTO FUCHS KG)
• Skanska
• Trimo d.o.o.
• Norsk Hydro ASA
• YKK AP Inc.

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

Smart Antenna Market: Need For High-Speed Communication To Make Way For Industry Growth

Smart Antenna Industry Overview

The global smart antenna market size is predicted to reach USD 14.49 billion by 2030 and is also anticipated to register a CAGR of 9.68% from 2022 to 2030, according to recent report by Grand View Research, Inc. The growing demand for updated technologies and high-quality wireless communication is driving the deployment of smart antennas. Smart antennas are utilized in various applications, including Wi-Fi, WiMAX, cellular, and RADAR systems. Benefits such as error-free communication, tailored data pathways, easy data flow, and co-channel interference prevention are expected to drive market growth.

Smart Antenna Market Segmentation

Grand View Research has segmented the global smart antenna market based on application, technology, and region:

Based on the Application Insights, the market is segmented into Wi-Fi Systems, WiMAX Systems, Cellular Systems and RADAR Systems

• The cellular systems segment accounted for the largest market share in 2021. The major application use of smart antennas is in cellular systems.
• The WiMAX system segment is anticipated to grow at the highest CAGR of 11.41% from 2022 to 2030.
• The WiMAX system enables operators to have more flexible options for mobile and fixed communication systems.
• Wi-Fi solutions are required for homes, colleges, and enterprises and smart antennas provide secure and long-range solutions for all.
• Smart antennas are able to provide secure solutions for Wi-Fi in the form of traditional and advanced multi-layer security.

Based on Technology Insights, the market is segmented into SIMO, MIMO and MISO.

• The multiple input & multiple output (MIMO) technology segment is predicted to grow with the highest CAGR of 10.42% over the forecast period.
• The MIMO segment is currently the most advanced and widely used market. The MIMO technology offers boosted signal transfer at minimal costs and is highly preferred for its ease of use and cost benefits.
• The other technologies use single-channel arrays from the transmitters and do not offer strong signal quality. The older technologies are useful for slower and less data-intensive frequencies like 2G and radio waves.
• The data security in non-MIMO smart antennas is also lower as there is a lack of encryption. However, to upgrade the old technology-based smart antennas, the entire system needs to be replaced altogether.

Smart Antenna Regional Outlook

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Companies Profile & Market Share Insights

In the smart antenna market, to solidify their presence and thrive in an ever-growing and competitive business industry, prominent market players conduct mergers & acquisitions and partnerships. With new technologies being introduced at a rapid rate, the market generates products around the need and demand. As smartphone demand increases, smart antenna demand also increases due to smartphones being the perfect use case for smart antenna’s capabilities.

Some prominent players in the Smart Antenna market include

• Airgain, Inc.
• Broadcom Inc.
• Intel Corporation
• Linx Technologies
• Motorola Solutions, Inc.
• Qualcomm Technologies, Inc.
• Sierra Wireless
• Telstra
• Texas Instruments Incorporated
• Trimble, Inc.

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

Gesture Recognition Market: Surging Application of Gesture Control Features in Automobiles To Boost The Product Demand

Gesture Recognition Industry Overview

The global gesture recognition market size is anticipated to reach USD 70.18 billion by 2030, registering a CAGR of 19.1% between 2022 and 2030, according to a new report by Grand View Research, Inc. Increasing digitization initiatives across several industries are key to the rising adoption rate of these solutions. The consumer electronics industry is one of the largest adopters of gesture recognition solutions thanks to their ease of adoption due to low technical complexity for end-users. Adoption of the technology has also significantly increased across other industries.

Gesture Recognition Market Segmentation

Grand View Research has segmented the gesture recognition market based on technology, industry, and region:

Based on Technology Insights, the market is segmented into Touch-based and Touchless.

• The touch-based technology segment dominated the market in 2021 with a revenue share of 53.2%.
• Among its two sub-segments, namely multi-touch system, and motion gesture technology, the multi-touch system sub-segment dominated with a revenue share of more than 54.6%.
• In the touchless segment, the 3D vision technologies sub-segment dominated the market in 2021 with a revenue share of 26.5%.
• Evolving technologies such as infrared, electric field sensing, ultrasonic sensors, image sensors, interactive, and display capacitive sensors are finding increasing usage in applications such as smartphones, biometric access, Head-Up Displays (HUD), and medical diagnosis.

Based on the Industry Insights, the market is segmented into Automotive, Consumer Electronics, Healthcare and Others.

• The consumer electronics segment dominated the market in 2021 and accounted for a revenue share of 60.8%. Ease of adoption due to low technical complexity for end-users has made allowed the consumer electronics industry to acquire a major share in the gesture recognition market.
• The rising use of consumer electronics and the Internet of Things and an increasing need for comfort and convenience in product usage are driving the adoption of gesture recognition in consumer electronics.
• Increased awareness about regulations and driver safety has increased the demand for gesture recognition systems in the automobile industry.

Gesture Recognition Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• MEA

Key Companies Profile & Market Share Insights

Market players are focusing on strategies such as partnerships, business expansions, new product developments, and contracts to expand their market share.

Some prominent players in the Gesture Recognition market include

• Alphabet Inc.
• Apple Inc.
• Cognitec Systems GmbH
• Eyesight Technologies Ltd.
• Infineon Technologies AG
• Intel Corporation
• Microchip Technology Incorporated
• Microsoft Corporation
• NXP Semiconductors
• Omnivision Technologies, Inc.
• SoftKinetic
• Synaptics Incorporated

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

Excipients Market: Increasing Reach Of Generic Medicines Has Been A Major Driving Factor Of The Industry

Excipients Industry Overview

The global excipients market size is expected to reach USD 9.37 billion by 2030, expanding at a CAGR of 6.0% for the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. Globally increasing reach of generic medicines has been a major factor driving market growth. In addition, rising demand for newer excipients owing to the advantages of drug delivery and stability has led to the growth of the market.

Excipients Market Segmentation

Grand View Research has segmented the global excipients market based on product, and region:

Based on the Product Insights, the market is segmented into Polymers, Alcohols, Sugars, Minerals and Gelatin.

• Polymers, comprising microcrystalline cellulose and pregelatinized starch, emerged as the leading product category in terms of both revenue and volume.
• It accounted for over 44% of the total revenue in 2021 and almost 40% of the overall volume used in pharmaceutical formulations.
• Rising usage in various dosage forms such as suspensions, capsules, and tablets is anticipated to be a key driving factor for this segment in the forecast years.
• Sugars have emerged as the second-largest product segment, accounting for around 30% of the overall revenue in 2021. This can be attributed to their spherical shape and porous nature, which provides flowability and low friability, thereby making sugar a preferred choice in a wide range of pharmaceutical applications.
• Sugar is also used as a drug delivery agent through the pulmonary route and applications such as these are anticipated to fuel segment growth.

Excipients Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The global excipients market is highly competitive and fragmented, with many international companies competing for a large share of the global revenue.

Some prominent players in the Excipients market include

• Eastman Chemical Corporation
• P&G Chemicals
• Avantor Performance Materials, LLC
• Huntsman Corporation
• BASF SE
• Ashland Inc.
• FMC Corporation
• Roquette
• Colorcon Inc.
• Lubrizol Corporation
• Valeant
• JRS Pharma
• Shin-Etsu Chemical Co., Ltd.
• DFE Pharma
• Finar Limited

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

Wood Plastic Composite Market Is Driven By The Rising Demand For Sustainable Construction Materials, 2030

Wood Plastic Composite Industry Overview

The global wood plastic composites market is expected to reach USD 15.41 billion by 2030, growing at a CAGR of 11.5% over the forecast period, according to a new report by Grand View Research Inc. The market is driven by the rising demand for sustainable construction materials along with an increase in the renovation and repair activities in the residential sector across the globe.

Wood Plastic Composite Market Segmentation

Grand View Research has segmented the wood plastic composites market based on product, application, and region:

Based on the Product Insights, the market is segmented into Polyethylene, Polypropylene, Polyvinylchloride and Others.

• The polypropylene product segment led the market and accounted for more than a 12% share of the global revenue in 2021. The polypropylene segment is anticipated to see a boom, during the forecast period, owing to its heavy use in the niche application segments such as water-resistant coatings on furniture and high temperature controllable wooden units.
• The polyvinylchloride product segment is projected to register a CAGR of 11.0% in terms of value during the forecast period.
• The polyethylene segment is one of the fastest-growing product segments on account of its high demand in manufacturing furniture for homes, offices, restaurants, resorts, and hospitals.

Based on the Application Insights, the market is segmented into Building and Construction, Automotive Components, Industrial and Consumer Goods and Others.

• Building and construction segment led the market and accounted for more than 71% of the global revenue share in 2021.
• The use of recyclable or biodegradable wood-plastic composite-based parts in automobiles is expected to improve mechanical strength and acoustic performance, reduce material weight and fuel consumption, reduce manufacturing costs, and improve passenger safety and shatterproof performance which will boost the demand for wood plastic composites in the automotive industry.
• Increasing demand for wood plastic composite in manufacturing noise barriers for street construction, sheet pilings for landscaping, and garden furniture is expected to surge the product demand during the forecast period.

Wood Plastic Composite Regional Outlook

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA

Key Companies Profile & Market Share Insights

The market participants are adopting various strategies to gain a competitive edge, and thus sustain the growing industry rivalry. The companies resort to multiple mergers and acquisitions in a bid to gain market share in a particular region.

Some prominent players in the Wood Plastic Composite market include

• Advanced Environmental Recycling Technologies, Inc. (AERT)
• Axion Structural Innovations LLC
• Beologic N.V.
• CertainTeed Corporation
• Fiberon, LLC
• Fkur Kunststoff GmbH
• Guangzhou Kindwood Co. Ltd.
• Jelu-Werk Josef Ehrler GmbH & Co. KG
• Woodmass
• PolyPlank AB
• Renolit
• TAMKO Building Products, Inc.
• TimberTech
• Trex Company, Inc.
• Universal Forest Product

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

Regenerative Medicine Market: High Economic Impact Of This Medicine To Make Way For Industry Growth

Regenerative Medicine Industry Overview

The global regenerative medicine market size is expected to reach USD 57.08 billion by 2027, growing at a CAGR of 11.27% over the forecast period, according to a new report by Grand View Research, Inc. Recent advancements in biological therapies have resulted in a gradual shift in preference toward personalized medicinal strategies over the conventional treatment approach. This has resulted in rising R&D activities in the regenerative medicine arena for the development of novel regenerative therapies.

Regenerative Medicine Market Segmentation

Grand View Research has segmented the global regenerative medicine market on the basis of product, therapeutic category, and region:

Based on the Product Insights, the market is segmented into Therapeutics, Tools, Banks and Services

• The therapeutics segment accounted for the maximum revenue share of more than 56% in 2020 and is anticipated to continue its dominance throughout the forecast period.
• Among therapeutics vertical, primary cell-based therapies are the most developed therapeutics available due to their usage for different therapeutic indications and early adoption of these therapies in clinical application.
• The stem cell & progenitor cell-based therapies segment is expected to register the fastest CAGR over the forecast years due to high investments in stem cell research coupled with redrafting in regulatory policies for their use in clinical applications.
• Allogenic stem cell-based therapies are estimated to account for the largest revenue share whereas autologous therapies are characterized with one of the fastest CAGRs.

Based on the Therapeutic Category Insights, the market is segmented into Dermatology, Musculoskeletal, Immunology & Inflammation, Oncology, Cardiovascular, Ophthalmology and Others.

• The application of regenerative therapies is maximum in the oncology segment, thus, it captured the largest revenue share of more than 31% revenue share in 2020.
• The presence of a strong product portfolio coupled with increasing incidences of musculoskeletal disorders is anticipated to boost the revenue of the musculoskeletal segment.
• Furthermore, various novel approaches in developmental phases promote tissue engineering. This includes the use of biomaterials and drug delivery systems, which stimulate and control the immune system and influence cell replication.

Regenerative Medicine Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Key companies invest heavily in the development of regenerative therapies to meet the demand for unmet clinical needs. The market is highly competitive as the companies are focusing on the introduction of therapies for oncology & age-related degenerative disorders.

Some prominent players in the Regenerative Medicine market include

• AstraZeneca plc
• Hoffmann-La Roche Ltd.
• Integra Lifesciences Corp.
• Astellas Pharma, Inc.
• Cook Biotech, Inc.
• Bayer AG
• Pfizer, Inc.
• Merck KGaA
• Abbott
• Novartis AG
• GlaxoSmithKline (GSK)
• Baxter International, Inc.
• Boehringer Ingelheim
• Amgen Inc.
• Cesca Therapeutics, Inc.
• S. Stem Cell, Inc.
• Bristol-Myers Squibb
• Eli Lilly and Company
• NuVasive, Inc.
• Organogenesis, Inc.
• MiMedx Group, Inc.
• Takara Bio, Inc.
• Osiris Therapeutics, Inc.
• Corline Biomedical AB

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

Growing Demand For Software Defined Radio In Defense, Public Safety, And Commercial R&D Industries To Boost The SDR Market Demand

Software Defined Radio Industry Overview

The global software defined radio market size is anticipated to reach USD 47.74 billion by 2030, registering an estimated CAGR of 8.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Software defined radio (SDR) is a technology that aids in the transmission and reception of high-frequency signals over long distances. It offers benefits while resolving spectrum and wireless communication restrictions. Furthermore, the technology has progressed to the point that software defined radio systems with large bandwidth applications that provide high-quality services are now possible. Countries with a significant modern military presence like the U.S., Japan, Germany, South Korea, and Australia are upgrading their communication systems by integrating software defined radio as the new norm.

Software Defined Radio Market Segmentation

Grand View Research has segmented the global software defined radio market on the basis of type, component, frequency band, platform, end-use, and region:

Based on the Type Insights, the market is segmented into General Purpose Radio, Joint Tactical Radio System, Cognitive Radio and TETRA

• The Joint Tactical Radio System segment accounted for the largest revenue share of 33.62% in 2021 and is likely to dominate the market over the forecast period.
• This growth is attributed to incorporating multi-band/multi-mode pre-emptive radio sets that give the warfighter simultaneous speech and data communication capabilities.
• The Terrestrial trunked radio (TETRA) segment is projected to grow at a significant CAGR of 10.6% from 2022 to 2030.

Based on the Component Insights, the market is segmented into Hardware, Software and Service.

• The hardware segment accounted for the largest revenue share of 41.74% in 2021 and is likely to dominate the market over the forecast period.
• The service component market is likely to rise significantly with a CAGR of 8.7% during the forecast period. This growth can be attributed to a prominent increased utilisation in commercial applications.

Based on the Platform Insights, the market is segmented into Ground, Naval, Airborne and Space.

• The Ground-based SDR systems accounted for the largest revenue share of 28.66% in 2021. This recorded growth is due to a wide range of tactical military communications systems in the space and defense sectors.
• The airborne segment is likely to rise significantly with a CAGR of 9.0% during the forecast period.

Based on the Frequency Band Insights, the market is segmented into HF Band, VHF Band, UHF Band and Others.

• The high-frequency segment accounted for the largest revenue share of 31.62% in 2021. With the support of IP networks, high-frequency SDR systems are employed for tactical communication.
• The ultra-high frequency market is likely to rise significantly with a CAGR of 9.2% during the forecast period. The potential growth in this segment can be attributed to Commercial applications such as cellular systems and 5G networks using Ultra High Frequency (UHF) bands.

Based on the End-use Insights, the market is segmented into Aerospace & Defense, Telecommunication, Public Safety, Commercial and Others.

• The aerospace and defense segment accounted for the largest revenue share of 24.57% in 2021. Because of its broad functional scope, SDR is widely employed in the defense industry.
• The commercial segment is expected to develop at the fastest rate throughout the projected period, with a CAGR of 9.4%. This growth is because of the increased usage of SDR across industries, including automotive and transportation.

Software Defined Radio Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Product launches, acquisitions, mergers, and collaborations are some of the company expansion tactics used by significant companies.

Some prominent players in the Software Defined Radio market include

• Collins Aerospace Systems
• Harris Corporation
• Elbit Systems Ltd.
• L3 Technologies, Inc.
• BAE Systems
• Huawei Technologies Co., Ltd.
• Datasoft Corporation
• Raytheon CompanyNorthrop Grumman Corporation.

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

Bearings Market Overview By Product, Application, Regional Demand and Prominent Players

The global bearings market size is expected to reach USD 226.8 billion by 2028, registering a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Bearings are essential in almost every application that involves motion, and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

Bearings Market Segmentation

Grand View Research has segmented the global bearings market based on product, application, and region:

Based on the Product Insights, the market is segmented into Ball Bearings, Roller Bearings and Others.

• The roller bearings segment dominated the market and accounted for the largest revenue share of more than 45.0% in 2020. Further, this segment is also anticipated to continue its dominance and emerge as the fastest-growing segment by 2028.
• The widespread espousal of roller bearings by several industries, such as capital equipment, automobiles, home appliances, and aerospace, is estimated to positively impact the product demand.
• Ball bearings have a smaller surface contact, and therefore, help to reduce friction to a great extent. They can also be used with thrust and radial loadings, ascribed to which, these products are increasingly being used in both four and two-wheeled automobiles. Hence the segment is anticipated to witness healthy growth over the forecast period.

Based on the Application Insights, the market is segmented into Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, Automotive Aftermarket and Others.

• The automotive segment dominated the market and held the largest revenue share of approximately 50.0% in 2020. The high share of this segment can be attributed to high automotive production, globally.
• Additionally, the automotive aftermarket segment is also anticipated to boost at a subsequently higher CAGR over the forecast period, thereby further bolstering the demand for bearings.
• The railway and aerospace segment is anticipated to emerge as the fastest-growing segment by 2028. This growth can be attributed to growing interest in travel activities, the growing need to renew aging fleets owing to stringent environmental legislation, and fuel price pressure coupled with the availability of improved ways to assist global and local transportation systems.

Bearings Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The key companies are increasingly emphasizing R&D projects to manufacture application-specific bearings and to increase their efficiency. Also, companies are undertaking various strategies such as partnerships, mergers, collaborations, capacity expansions, among others, to capture a higher share in the market and to increase their customer base.

Some prominent players in the Bearings market include

• Brammer PLC
• Harbin Bearing Manufacturing Co., Ltd.
• HKT Bearings Ltd.
• JTEKT Corporation
• NBI Bearings Europe
• NSK Global
• NTN Corporation
• RBC Bearings Inc.
• Rexnord Corporation
• RHP Bearings
• Schaeffler Group
• SKF Corporation
• The Timken Company

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