Industries Study Report

Games and Puzzles Industry: Consumer Trends and Factors Influencing Buying Behavior

Games and Puzzles Industry Data Book Covers Games and Puzzles Market

The global Games and Puzzles industry generated over USD 15.09 billion in 2022 and is expected to grow at a CAGR of 17.3% over the forecast period.

Grand View Research’s games and puzzles industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Access the Global Games and Puzzles Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Games Market Growth & Trends

The global games market size was estimated at USD 8.40 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.8% from 2023 to 2030.

The licensed game segment is poised for substantial growth during the forecast period. This growth is primarily fueled by market players actively introducing captivating games specifically designed for children. These game developers have recognized the immense potential in catering to the younger audience, leveraging popular licensed characters, brands, and franchises that resonate with kids. For instance, in May 2022, London-based Outright Games launched a digital teaser on YouTube, showcasing five new licensed games for kids based on big-name entertainment brands. The games are based on L.O.L. Surprise, PAW Patrol, and more.

Games Market Share, by Licensing, 2022 (%)

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Puzzles Market Growth & Trends

The global Puzzles market size was estimated at USD 6.68 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.0% from 2023 to 2030.

Puzzle-solving is a relaxing and restorative pastime. A December 2022 study by Aviva revealed that more than 45% of individuals in the UK enjoyed puzzle-solving. Most of them prefer puzzles in a material format, and about 84% have done puzzles like number puzzles, jigsaws, and word problems in the past year. Additionally, adults over 55 are driving the puzzles market’s growth since they are more inclined than others to prefer puzzles in material formats.

The puzzle market has experienced innovation and excitement due to the rise of 3D and 4D puzzles. These puzzles can be educationally advantageous and provide a more engaging experience. A Canadian company that specializes in 3D puzzles is Wrebbit Puzzle Inc. It develops a variety of puzzles with a range of themes, such as Harry Potter, Game of Thrones, and Lord of the Rings. The company launched its 440-piece Friends-inspired Central Perk! 3D Jigsaw Puzzle in April 2021.

Non-licensed puzzles are widely available online as e-commerce expands. Customers may browse various options, evaluate prices, and read reviews owing to this accessibility before making a purchase. Online shopping's convenience has contributed to the growth of non-licensed puzzle sales. Since people buy puzzles for thoughtful and enjoyable gifts, the puzzle-giving culture helps puzzle sales. This allows non-licensed puzzles a more universal appeal, making them a more reliable and profitable investment for manufacturers.

Go through the table of content of Games and Puzzles Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Games and Puzzles industry are:

Buffalo Games
Hasbro, Inc.
Mattel, Inc.
Ceaco, Inc.
Ravensburger AG
Schmidt Spiele
Cubicfun 3D Puzzle
Educa Borras
Castorland
Cobble Hill
Gailson

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Growing Number of Ophthalmic Disorders to Generate Revenue Opportunities for Eyewear Sector

Eyewear Industry Data Book Covers Traditional Eyewear, Contact Lenses, and Smart Glasses Market

The global Eyewear industry generated over USD 171.1 billion in 2022 and is expected to grow at a CAGR of 8.7% over the forecast period.

Grand View Research’s eyewear sector data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Eyewear Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Contact Lenses Market Growth & Trends

The global contact lenses market size is estimated to reach USD 33.80 billion by 2030, registering an estimated CAGR of 8.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be ascribed to the increasing demand for contact lenses driven by factors, such as rising cases of refractive errors coupled with the growing aging population. A significant rise in the cases of astigmatism and myopia across the globe and the growing acceptance of contact lenses in developing countries are favoring the expansion of the market. In addition, increasing product demand for aesthetic appearance, especially among the young population, and rising disposable income are enhancing the market growth.

Technological advancements, a rising number of active lens wearers, and the development of innovative solutions, such as silicone hydrogel material, are influencing the growth of the market. The market players are focusing on introducing innovative products that can cater to a larger customer base and help them gain a competitive edge. For Instance, in September 2022, Johnson & Johnson Vision Care, Inc. unveiled two new contact lenses, namely ACUVUE OASYS MAX 1-Day MULTIFOCAL and ACUVUE OASYS MAX 1-DAY, for presbyopia. The latest offerings are designed with modern technologies that are suitable for digitally intense lifestyles.

It is based on TearStable Technology, which maximizes tear-film stability and locks in moisture for enhanced comfort all day long. Hybrid contact lenses are gaining massive traction across the global market as they offer advantages of both soft and hard lenses. Designed to provide the comfort of soft lenses and RGP lenses’ excellent visual quality, they are suitable for patients with presbyopia with astigmatism or corneal astigmatism. Moreover, these lenses are suitable for individuals who are concerned about the comfort of RGP lenses or who find it difficult to achieve optimal vision with soft lenses.

Eyewear Industry - Company Market Positioning

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Smart Glasses Market Growth & Trends

The global smart glasses market size is anticipated to reach USD 8,187.1 million by 2030 according to a new report by Grand View Research, Inc. The is anticipated to register a CAGR of 27.1% from 2023 to 2030. The promising growth prospects of the market can be credited to the growing adoption of wearable computing technologies coupled with improvement in operations efficiency. Moreover, the ability of smart glasses to offer Augmented Reality (AR) visuals, including weather imaging, stocks, text messages, calendar, and teleprompter-like functions is expected to drive the market growth further.

Smart glasses are usually equipped with behind-the-ear speakers for music playback, hands-free calling, and activity tracking. Moreover, it also detects accurate and precise measurements, which has led to an increase in its use in the aerospace and defense, architecture and construction, medical, electronics, energy and power, heavy machinery, and entertainment sectors. This, in turn, is expected to drive the market growth further.

The key market players are focusing on partnerships and collaborations to cater the consumer demands. For instance, in September 2020 Meta Platforms, Inc. announced the partnership with EssilorLuxottica to develop next generation smart glasses. The collaboration has helped companies to combine their experience in technology and fashion to create the advanced lens technology to help people stay better connected to their friends and family.

Go through the table of content of Eyewear Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Eyewear industry are:

Abbott Medical Optics, Inc.
Alcon Vision LLC
Amazon Inc.
Bausch & Lomb Incorporated
Carl Zeiss AG
Ciba Vision
CooperVision

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Increasing Understanding of the Components in Laundry Products to Create Growth Avenues for Laundry Care Sector

Laundry Care Industry Data Book Covers Laundry Sanitizer, Laundry Detergent, and Fabric Softeners & Conditioners Market

The global Laundry Care Industry generated over USD 100.76 billion in 2022 and is expected to grow at a CAGR of 4.6 % over the forecast period.

Grand View Research’s laundry care industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

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Laundry Sanitizer Market Growth & Trends

The global laundry sanitizer market is expected to expand at a CAGR of 2.8% from 2023 to 2030. The growing preference for laundry care products, coupled with the rise in infectious diseases, is accelerating the growth of the market. Several key players in the market are launching laundry sanitizers in different fragrances and qualities, thereby increasing the market demand.

As per Baxter, a healthcare company, players in the detergent market are marketing laundry products with sanitizing and cleaning properties during the COVID-19 pandemic. Moreover, as per Novozymes, close to 41% of customers are looking for sustainable laundry products and are educating themselves on the types of cleaning products present in the market. This, in turn, has increased the demand for natural products.

According to Henkel Corporation, since the start of the pandemic, there has been a rise in washing clothes and an increase in the number of washing cycles owing to the fear of germs and bacteria. This trend will further help the market to grow in the upcoming years.

The rise in residential construction, coupled with the increasing household expenditure, has increased the demand for laundry cleaning products. In addition, as per Alpha Aromatics, consumers are engaged with scented products owing to which several commercial companies are producing products in several fragrances. For instance, brands like Dettol, Lysol, and Savlon are providing laundry sanitizers in scents, like crisp linen and spring blossom.

Laundry Sanitizer Market Share, by Application, 2022 (%)

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Fabric Softeners & Conditioners Market Growth and Trends

The global Fabric Softeners & Conditioners Market is expected to expand at a CAGR of 4.0% from 2023 to 2030. The demand for products like fabric conditioners and softeners, which assist maintain the softness of clothing, is predicted to increase as more consumers choose expensive apparel. Fabric softeners and conditioners are preferred by consumers for a variety of reasons as part of their laundry care regimen, including fabric protection, wrinkle reduction, smell enhancement, easy ironing, static cling reduction, and more.

The market for fabric softeners and conditioners is expected to gain momentum from millennials' growing preference for premium products. However, millennials also have a propensity to neglect laundry maintenance. As a result, to draw in younger customers, personal care companies are implementing social media promotions and marketing.

Detergents and other similar products are also more frequently purchased from consumers' local hypermarkets and supermarkets due to the availability of a wide range of products, significant discounts, efficient point-of-purchase displays, and other promotional offers. To promote client involvement, businesses like Unilever and Proctor & Gamble set up discounts and promotional campaigns in these shops.

Go through the table of content of Laundry Care Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Laundry Care industry are:

Procter & Gamble (Cascade)
Unilever
Henkel AG & Co. KGaA (Pril)
Reckitt Benckiser Group PLC (Finish)
Colgate-Palmolive Company
Kao Corporation
SC Johnson and Son Inc.
The Clorox Company
ITC Ltd.
Dabur India Ltd.

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Advanced Payment Cards Sector Top Players are Mastercard, Marqeta, Inc., Skrill USA, Inc., and Adyen

Advanced Payment Cards Industry Data Book Covers Virtual Cards, Dual Interface Payment Card, and Biometric Payment Cards Market

The global Advanced Payment Cards Industry generated over USD 20.50 billion in 2022 and is expected to grow at a CAGR of 20.4 % over the forecast period.

Grand View Research’s advanced payment cards sector database is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Advanced Payment Cards Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Virtual Cards Market Growth & Trends

The global virtual cards market size is expected to reach USD 60.06 billion by 2030, expanding at a CAGR of 20.9% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The increasing usage of digital payment platforms is creating the demand for virtual cards worldwide, which is anticipated to drive the growth of the market. In addition, various types of virtual cards offer the consumer a particular set of benefits, such as efficiency and convenience, which also bodes well for the growth of the market.

Virtual cards are changing the financial landscape by introducing a new level of protection for everyone involved in the payment transaction. Hospitality is one industry that has endorsed the use of virtual cards. Moreover, virtual cards are creating the possibility of making payments more dynamic during the check-in and check-out process for the consumers.

The investments being raised by virtual card solution providers are expected to create new possibilities for the growth of the market during the projected period. For instance, in May 2022, MasterCard and fintech company OPay announced their collaboration, paving the way for access to financial services and economic prosperity by bringing digital commerce to thousands of people in the Middle East and Africa. With this collaboration, OPay consumers and merchants in this region will be able to engage with brands and businesses anywhere in the world.

Dual Interface Payment Card Market Analysis And Forecast Use of contactless payment cards to buy essentials, in April 2020

Dual Interface Payment Card Market Growth & Trends

The global dual interface payment card market size is expected to reach USD 23.66 billion by 2030, growing at a CAGR of 16.7% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The market is anticipated to witness growth due to the increasing usage of payment cards across the globe. For instance, in June 2021, according to the Smart Payment Association (SPA), payment cards consist of 40-60% of total online payments made, either directly or indirectly. At the same time, the strong emphasis of payment service providers on offering enhanced payment solutions to their customers is expected to propel growth.

The increasing investments by venture capital into the companies offering dual interface cards for payment is anticipated to create new opportunities for the growth of the market during the forecast period. For instance, in April 2022, Financepeer, an Edu-fintech company, raised USD 31 million through a Series B funding round. The funds were utilized to enhance its technology platform and expand its offerings. Later, in June 2022, Financepeer launched a UVA card powered by Visa. This UVA card or a dual-interface card was designed for students to make day-to-day transactions easier. Such initiatives are expected to propel the growth of the industry.

The outbreak of COVID-19 played a vital role in driving the growth of the dual interface payment card market. The COVID-19 pandemic increased the preference for contactless payments among the people while processing payments at restaurants is one of the factors expected to drive the market growth. Moreover, in April 2020, according to a Mastercard survey, almost 8 out of 10 people located globally said that they use contactless payments.

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Biometric Payment Cards Market Growth & Trends

The global biometric payment cards market size is expected to reach USD 4,345.8 million by 2030, registering a CAGR of 62.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Biometric payment cards are divided into biometric debit and credit cards that are used to perform payment transactions.

The biometric sensors within these cards offer the most secure payment method to the user, which is fueling the growth of the market. Moreover, the contactless payment method is becoming gradually more popular, which enhances security and reduces the time required for the payment processing. Thus, these aforementioned factors are expected to drive the growth of the market during the forecast period.

The increased demand for tap-to-pay payments method in order to initiate touchless transactions has driven the market's growth. For instance, in 2020, according to the Visa Back to Business Study, 48.0% of Germans, after COVID-19, adopted new payment methods, from which nearly 16.0% of consumers are using tap to pay technology. Furthermore, the companies operating in the biometric payment cards market are involved in strategic partnerships to launch biometric cards, which is fueling the growth of the market. For instance, in 2019, Zwipe, the biometric payment company, entered into a partnership with Goldpac, a China-based Fintech Company. This partnership was aimed at launching biometric payment cards and offering related services to Goldpac’s extensive customer network.

Global biometric payment card providers are continuously implementing new technologies to improve the customer’s payment experience. For instance, in January 2022, Fingerprint cards, a biometric company, met Mastercard's increased security criteria for its second-generation T-Shape sensor module. This technology made payment processing easy and convenient for the customer as well as for merchants, with increased security. Thus, such advancements in technology open wide opportunities for future growth of the market.

Go through the table of content of Advanced Payment Cards Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Advanced Payment Cards industry are:

American Express Company
JPMorgan Chase & Co.
Mastercard
Marqeta, Inc.
Skrill USA, Inc.
Stripe, Inc.
Adyen

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The Increasing Need to Deliver Customer-Centric Applications boosts Cloud Computing Sector Demand by 2030

Cloud Computing Industry Data Book Covers Public Cloud, Private Cloud, and Hybrid Cloud Market

The global Cloud Computing Industry generated over USD 483.97 billion in 2022 and is expected to grow at a CAGR of 14.1% over the forecast period.

Grand View Research’s cloud computing industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Cloud Computing Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Public Cloud Market Growth & Trends

The global public cloud market size was valued at USD 171.39 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. Higher application density, lower costs, and increasing efficiency are prominent factors driving demand for the public cloud industry. Moreover, due to economies of scale, public cloud providers can charge less for their services. Applications hosted in the public cloud can boost businesses' productivity. Businesses run more apps on fewer servers, which increases productivity and lowers costs. Businesses can quickly launch new applications or services using the public cloud compared to their infrastructure.

Businesses from all sectors utilize dependable frameworks, services, and controls to benefit from innovative new technologies in the cloud. In addition, organizations and entire economies worldwide are increasingly adopting the cloud. For instance, in April 2022, Accenture launched Sovereign Cloud Practice to increase innovation in the Cloud. Accenture Cloud First Sovereign Practise currently has new sovereign cloud facilities in Germany, Kronberg, Trondheim, Norway, Rome, and Paris. Sovereign cloud is a strategy that enables businesses to manage their data storage location, its accessibility, and how it is processed in a cloud environment in response to newly emerging industry standards and regulatory regulations in certain jurisdictions or industries. These centers, housed within Accenture Innovation Hubs, bring together industry, security, and technology experts from Accenture with partners from the ecosystem to speed up the digitization of corporate processes and reveal new data cooperation opportunities.

An increasing number of startups are concentrating on company improvement and expansion, which calls for large initial funding to create these resources. The demand for public cloud services is rising quickly because, in most cases, these services are provided at very low costs. In addition, the public cloud market is anticipated to grow as a result of the rise of enterprise trends such as, Choose Your Own Device (CYOD), Bring Your Own Device (BYOD), Artificial Intelligence (AI), and Internet of Things (IoT). Due to the pay-as-you-go service, no maintenance expenses, infrastructure initiatives, or long-term contracts are required for this service. These factors are anticipated to fuel the expansion of the public cloud market.

Global Public Cloud Market Share, by Region, 2022 (%)

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Private Cloud Market Growth & Trends

The global private cloud market was valued at USD 222.30 billion in 2022 and is expected to grow at a CAGR of 14.7% over the forecast period from 2023 to 2030. Businesses with variable networks frequently use the private cloud to ensure access and total control over the cloud environment. Enterprises are adopting a private cloud due to the necessity for data protection and compliance with the shifting regulatory environment. Companies aim to lower CAPEX while concentrating on business transformation projects that improve organizational agility.

Enterprises are increasingly adopting private cloud infrastructure due to the high volume of sensitive data they produce. Companies can better understand customer behavior and create new goods and services by analyzing patterns in real-time data. Hence, enterprises are continuously adopting private cloud infrastructure.

Vendors are continuously adopting various growth strategies to increase their presence in the market. For instance, in March 2022, Adobe announced the development of the ecosystem with new partners and tools. Through the launch of Adobe Experience Cloud, its private cloud network, the company started offering developers new tools for creating and deploying cloud-based apps that integrate seamlessly across its products. The extensive ecosystem of tech partners for Adobe includes FedEx, Anaplan, OneTrust, Walmart, PayPal, and The Weather Company, an IBM Business.

Go through the table of content of Cloud Computing Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Cloud Computing industry are:

Adobe Inc.
Alibaba Group Holding Ltd.
Amazon, Inc.
Google LLC
International Business Machines Corp.
Microsoft Corporation
Oracle Corporation
Salesforce, Inc.
SAP SE

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Advancements in Cloud-Based EMM Solutions are creating a Positive Outlook for Enterprise Mobility Management Sector

Enterprise Mobility Management Industry Data Book Covers Mobile Device Management, Mobile Identity Management, Mobile Content Management, and Mobile Application Management Market

The global Enterprise Mobility Management Industry generated over USD 12.01 billion in 2022 and is expected to grow at a CAGR of 24.4 % over the forecast period.

Grand View Research’s enterprise mobility management industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

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Mobile Device Management Market Growth & Trends

The global mobile device management market size is expected to reach USD 28.37 billion by 2030, registering a CAGR of 24.2% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The market is expected to witness growth due to the increasing adoption of mobile devices in the workplace and the need to secure and manage them. With the proliferation of smartphones, tablets, and other mobile devices, employees are increasingly using their personal devices for work purposes. This trend, commonly referred to as Bring Your Own Device (BYOD), has led to an increase in the number of mobile devices that need to be managed and secured within an organization. Mobile device management (MDM) solutions provide a centralized platform for managing & securing mobile devices, including the ability to enforce security policies, monitor device usage, and remotely wipe data in case of loss or theft.

As more organizations adopt BYOD policies or provide employees with company-owned mobile devices, the demand for MDM solutions is expected to continue to grow. Furthermore, the adoption of mobile devices has been further accelerated by the COVID-19 pandemic, as remote work has become the norm for many organizations. As employees work from home or other locations outside of the traditional office, the need for MDM solutions to manage and secure employee devices outside of the organization’s network perimeter has increased. However, the mobile device landscape is highly fragmented, with a wide range of operating systems, device types, and versions in use. This fragmentation makes it difficult for MDM solutions to provide comprehensive management and security across all devices.

Thus, considering it a challenging factor in the market. MDM solutions need to support a wide range of operating systems, including iOS, Android, Windows, and macOS, as well as different device types, such as smartphones, tablets, laptops, and wearables. They also need to support different versions of these operating systems and devices, which can further complicate the management and security of these devices. To address this challenge, MDM vendors are increasingly focusing on providing cross-platform support for a wide range of operating systems and devices. They are also leveraging technologies, such as Application Programming Interfaces (APIs) and Software Development Kits (SDKs), to provide more seamless integration with different devices and operating systems.

Mobile Device Management (MDM) Market Share, by Vertical, 2022 (%)

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Mobile Identity Management Market Growth & Trends

The global mobile identity management market size is expected to reach USD 16.97 billion by 2030 and grow at a CAGR of 26.6% from 2023 to 2030, according to a recent report from Grand View Research, Inc. Mobile Identity Management (MIM) solutions are becoming increasingly important as more employees use mobile devices to access company data and applications. With the advent of mobile workforces and Bring Your Own Device (BYOD) regulations, MIM solutions provide organizations with a secure and practical approach to managing user identities and accessing company resources on mobile devices.The increased adoption of mobile devices and the necessity for safe access to corporate resources from these devices are projected to drive demand for MIM solutions. Furthermore, as more organizations migrate to cloud-based services, MIM solutions will safeguard access to such services.

Mobile device management (MDM) capabilities, which are frequently included in MIM systems, enable organizations to put security limits on mobile devices, such as mandating encryption and limiting access to applications and data. An essential security component of Mobile Identity Management (MIM) is two-factor authentication (2FA), which adds an extra layer of security on top of a username and password. 2FA provides additional security to guard against unauthorized access to sensitive data or systems by providing an additional layer of authentication. Cyber dangers are more likely to affect mobile devices than traditional desktop or laptop PCs. MIM provides security features, including multi-factor authentication, mobile device management, and secure data transit to guard against these risks.

Additionally, mobile device management (MDM) includes several features that let businesses control and safeguard mobile devices. MIM systems frequently incorporate MDM capabilities like remote wipes, device encryption, and app management to improve mobile device security and compliance. Organizations make sure that users may safely access resources from their devices thanks to the development of remote work and bring-your-own-device (BYOD) rules. MIM systems offer the necessary security components for supporting BYOD guidelines and remote work. Security threats, complexity, device fragmentation, user privacy concerns, and regulatory requirements are some of the difficulties organizations encounter while implementing MIM systems. MIM solutions can be challenging to deploy and manage when connected with other systems like identity and access management (IAM) and mobile device management (MDM).

Go through the table of content of Enterprise Mobility Management Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Enterprise Mobility Management industry are:

Cisco Systems, Inc.
SAP SE
Broadcom, Inc.
AppTec GmbH
VMware, Inc.
Citrix Systems

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Wound Dressing Sector Growth is accelerated by Increasing Number of Ambulatory Surgical Centers (ASCs)

Wound Dressing Industry Data Book Covers Abdominal Pads, Medical Adhesive Tapes and Super Absorbent Dressings Market

The global Wound Dressing industry generated over USD 61.0 billion in 2022 and is expected to grow at a CAGR of 4.5% over the forecast period.

Grand View Research’s Wound Dressing sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Wound Dressing Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Abdominal Pads Market Growth & Trends

The global abdominal pads market size is expected to reach USD 1.5 billion, registering a CAGR of 6.1% from 2023 to 2030, based on a new report by Grand View Research, Inc., Increasing awareness among the people about wound management, a growing number of surgical procedures globally, and rising global elderly population are the growth driving factors. Furthermore, increasing cases of burn injuries is also expected to drive market growth. For instance, as per the World Health Organization, annually, more than five million people are listed as severely or moderately burnt.

The COVID-19 outbreak has hampered regular wound management procedures resulting in a decline in hospital attendance, postponed surgical services, and delayed or canceled surgical and other non-emergency procedures. The global market for wound management was significantly impacted by the pandemic's first wave. According to the article by Annals of Surgery, the pandemic has caused a disruption in the provision of surgical services, with an estimated 28.0 million elective surgeries worldwide being postponed during the first COVID-19 wave along with the cancellation of diagnostic and therapeutic treatments. However, after the cancellation of the lockdown and decline in the COVID-19 cases the hospitals and healthcare infrastructure is getting back to normal.

The key companies are attempting to enhance their product portfolio by upgrading their products, employing significant cooperative efforts, and considering acquisitions in addition to government permissions to increase their client base and capture a larger share of the abdominal pads market.

Super Absorbent Dressings Market Product Key Trends (USD Million)

Super Absorbent Dressings Market Growth & Trends

The global super absorbent dressings market size is expected to reach USD 144.21 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2022 to 2030. An increase in the number of diabetic foot ulcer patients and a rise in surgical procedures worldwide are some major factors driving the market. For instance, as per the England National Health Service, 4.5 million people in the U.K. suffer from diabetes, out of which 10% of people are susceptible to developing diabetic foot ulcers at any given time. Similarly, according to Diabetes Australia, every year, 10,000 hospital admissions in Australia are related to diabetic foot ulcers. Thus, with the increasing number of diabetic foot ulcers, the market is anticipated to witness growth during the forecast period.

Moreover, there has been an increase in the number of traumatic incidents such as road accidents globally. For instance, as per the Department of Infrastructure, Transport, Regional Development & Communications, Australia, the road crash injury data in 2018 has increased by 11.8% in the preceding five years. Similarly, according to the Government of the U.K., there were 115,584 casualties due to road accidents in the U.K. Therefore, the increase in traumatic accidents may help the market grow during the forecast period.

Additionally, the introduction of the COVID-19 vaccine is expected to assist the market growth over the forecast period. The introduction of the vaccine is expected to increase the number of elective surgeries, which were postponed earlier. The increase in the number of surgical procedures is expected to increase the use of super absorbent dressings, thereby driving the market during the forecast period.

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Medical Adhesive Tapes Market Growth & Trends

The global medical adhesive tapes market size is expected to reach USD 1,135.28 million by 2030 and is expected to expand at 5.3% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing number of people suffering from wounds, rising cases of traumatic accidents, and growth in the number of surgical cases are expected to be the key driving factors for the medical adhesive tapes industry.

The number of people with diabetes and other chronic diseases has increased, and as a result, more people are developing diabetic foot ulcers. For instance, according to the American Diabetes Association, 9.6% of the population, or over 2.4 million people, in Thailand are projected to have diabetes. Additionally, according to diabeticfootonline.com, up to 34% of diabetics are susceptible to getting a diabetic foot ulcer. This increases the demand for wound dressing, where medical adhesive tapes such as acrylic medical adhesive tapes & silicone medical adhesive tapes are used to keep wound dressing in place. This is impelling the market for medical adhesive tapes globally.

Moreover, an increase in the number of surgical procedures worldwide is further expected to impel market growth. Surgeries involve several incisions and amputations, which cause wounds. Further, most surgeries require pre- and post-operative infusion and catheter placements in patients. As medical adhesive tapes secure infusion lines and wound dressings, the demand for medical adhesive tapes is anticipated to increase with the rise in the total surgical case volume.

The COVID-19 pandemic caused a region-wide lockdown, which in turn limited the market growth for medical adhesive tapes to some extent. However, it is anticipated that the medical adhesive tapes industry will expand significantly after the pandemic. This can be ascribed to a number of tactics utilized by top market players, including new launches, alliances, and global growth. For instance, in May 2022, 3M launched the Spunlace Extended Wear Adhesive Tape Solution, which was developed for extended wear devices that require to be attached to the skin with around 21-day wear time.

Go through the table of content of Wound Dressing Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Wound Dressing industry are:

Coloplast Corp.
Medline Industries
Smith & Nephew
ConvaTec Group PLC
Integra LifeSciences
B. Braun SE

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Animal Feed Sector Competitive Benchmarking and Distribution Channel Analysis Report by 2030

Animal Feed Industry Data Book Covers Poultry Feed, Cattle Feed, Swine Feed, Aquafeed and Pet Food Market

The global Animal Feed industry generated over 1,179 million tons in 2022 and is expected to grow at a CAGR of 2.9% over the forecast period.

Grand View Research’s animal feed sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

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Aquafeed Market Growth & Trends

The global aquafeed market size is expected to reach USD 102.3 billion by 2030, registering a CAGR of 3.5% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of aquafeed by species like carp, catfish, salmon, and shrimps, among others due to its rich protein content. The future of the global market is dependent on the increasing acceptance of aquafeed, which contains essential oils, feed acidifiers, natural extracts, and palatants, which are important for aquaculture species in their overall growth across each stage of development. The widespread fish mortality due to various infections, which are caused by parasites is driving the product demand. These feed products are consumed by various fish species, such as catfish, salmon, trout, tilapia, shrimps, largemouth bass, and eel.

These feeds for aquatic species are a source of omega-3 fatty acids and proteins. It improves the nutritional value of feed and offers several other benefits like improved growth rate, reduced mortality of various aquatic species, digestibility of proteins, and enhanced immune system. The COVID-19 pandemic had crippled the economies of the world and severely impacted the supply chain across key industries. The distribution of raw materials for aquafeed was affected by the pandemic due to which its production was hampered. In addition, strict lockdowns were imposed to curb the spread of the virus. Due to this, many manufacturing and production units were closed. Furthermore, there were rumors of transmission of the virus through poultry, which, in turn, hindered market growth.

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Pet Food Market Growth & Trends

The global pet food market size is expected to reach USD 139.29 billion to expand at a CAGR of 3.6% from 2023 to 2030 as per the new report by Grand View Research, Inc. The growth is majorly driven by rising demand for organic and natural pet food products due to its numerous nutritional properties.

The global pet food products have witnessed substantial demand over the past few years owing to the advent of online purchasing and notable contribution of e-commerce in shaping and strengthening the industry. Trends influencing the growth of this industry include launches of new products, online private brands, treats, and novel technologies.

Consumers do not prefer traditional products for their pet’s consumption. They try to comprehend the ingredients list and usually opt for healthier available alternative in the market. Consumers prefer made-to-order, frozen, and fresher meals for their pets. Although these types are comparatively expensive, customers are willing to pay more for healthy items for the consumption for their household pets.

The outbreak of COVID-19, which has led to the closure of factories, production units, and manufacturing sites globally, there has been significant decline in the global demand for pet food ingredients and raw materials. Due to the ongoing pandemic, several production plants have been completely or partially shut down while others are running at reduced rates, which may result in a supply-demand gap globally.

Go through the table of content of Animal Feed Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Animal Feed industry are:

BASF SE
DSM
Cargill, Incorporated
ADM
Kemin Industries, Inc.
Alltech
Nutreco
The J.M. Smucker Company
Nestlé Purina
General Mills Inc.
Kent Foods

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Wound Debridement Sector Recent Developments and Impact Analysis by Key Market Participants

Wound Debridement Industry Data Book Covers Wound Irrigation Systems, Enzymatic Wound Debridement, and Maggot Debridement Market

The global Wound Debridement industry generated over USD 5.6 billion in 2022 and is expected to grow at a CAGR of 6.1% over the forecast period.

Grand View Research’s wound debridement industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

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Wound Irrigation Systems Market Growth & Trends

The global wound irrigation system market is expected to expand at a CAGR of 3.9% from 2023 to 2030. The rising prevalence of chronic wounds, increasing number of surgical procedures, technological advancements, favorable initiatives taken by the private and public sectors, and the increasing cases of burns across the globe are the key factors driving the market.

A wound irrigation system allows rapid healing of deep wounds and surgical site infections. It also allows improved wound cleansing that prevents further complications. The increasing prevalence of chronic wounds and the rising number of surgical procedures are the key factors driving the market. For instance, as per a report published by ScienceDirect in 2018, the surgical infection has the highest prevalence rate of around 4.0%, followed by diabetic foot ulcers of around 3.4%. In addition, the rising number of wound care centers across the globe is expected to surge the demand for wound irrigation systems.

Moreover, the increasing incidence of burn cases across the globe is anticipated to boost the demand for the product. According to a report published by Walker Morgan, LLC, in 2017, around 450,000 Americans receive medical treatment for burn injuries every year. As per the report published by Swift Medical Inc. in 2018, more than 305.0 million acute, burn, and traumatic wounds are recorded per year globally. Furthermore, as per the data reported by the WHO, over 1,000,000 people register, annually, as moderately or severely burnt. As wound irrigation system is very much effective in burn injury and allows rapid healing, thus increasing incidence rate of burns is anticipated to propel the market growth over the forecast period.

Wound Irrigation Systems Market by Key Trends (USD Million)

Order your copy of the Free Sample of “Wound Debridement Industry Data Book - Wound Irrigation Systems, Enzymatic Wound Debridement, Maggot Debridement Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Wound Debridement Market Growth & Trends

The global wound debridement market size is anticipated to reach USD 7.17 billion by 2030, expected to expand at a CAGR of 6.2% during the forecast period, according to a new report by Grand View Research, Inc. Rising cases of injuries that require cleaning and removal of necrotic tissue are leading to increasing demand for wound debridement products.

Wound debridement products help in eliminating or reducing the load of microbes and toxins that inhibit wound healing. Increasing incidence of diabetes and obesity escalates the level of chronic wounds such as diabetic foot ulcers. As per the International Diabetes Federation, the incidence of diabetes is expected to reach 642.0 million by 2040. Prevention of wound infection is one of the major concerns for diabetic patients, making wound debridement vital. With the increase in the number of diabetics in the U.S., demand for wound debridement is on a rise. Burns are the most common wounds and account for around 195,000 deaths annually. This, in addition to rising awareness regarding the importance of wound debridement, is expected to positively affect the market in the coming years.

Development of advanced wound debridement products is also boosting the market growth. For instance, the launch of keratin-based wound care products that are used along with dressings has proven to be extremely helpful in wound re-epithelialization. The keratin matrix is absorbed in the wound and eliminates the need for a dressing change. Such developments are anticipated to create growth opportunities for market players in the coming years.

Go through the table of content of Wound Debridement Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Wound Debridement industry are:

Medline Industries
Smith & Nephew
ConvaTec Group PLC
Integra LifeSciences
B. Braun SE
Molnlycke Health Care AB
Brightwake Ltd.
Lohmann & Rauscher
3M

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Healthcare 3D Printing Industry is driven by Rising Demand for The Customized and Personalized Products

Healthcare 3D Printing Industry Data Book - Healthcare Additive Manufacturing, 3D Bioprinting and 3D Printed Drugs Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s healthcare 3D printing industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Healthcare 3D Printing Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Healthcare Additive Manufacturing Market Report Highlights

The global Healthcare Additive Manufacturing Market size was valued at USD 7.4 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 18.1% from 2023 to 2030.

The laser sintering technology segment dominated the market with a revenue share of 30.4% in 2022. This technology produces high-quality complex geometries in less time, which, in turn, is fueling segment growth
Based on application, the dental segment accounted for the largest revenue share of 34.1% in 2022, owing to technological advancements and a rise in demand for dental 3D-printed products
By material, polymers accounted for the largest revenue share of 54.7% in 2022, as polymers reduce the manufacturing process costs, are flexible, and have a longer life span
Asia Pacific is projected to register the fastest CAGR of 19.4% during the forecast period. This is due to the unmet needs of a large population and the promising economic developments in the region
Various market players are focusing on new product launches, technological innovations, collaborations, and regional expansions as major strategic initiatives

Healthcare Additive Manufacturing Market Size, by Technology, 2018 - 2030 (USD Million)

3D Bioprinting Market Report Highlights

The global 3D Bioprinting Market size was valued at USD 2.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.48% from 2023 to 2030.

The medical segment accounted for the largest share of 37.6% in 2022 due to the increasing investment made in R&D
The magnetic levitation segment is anticipated to witness the highest CAGR of 13.7% over the forecast period due to technological development, and increasing adoption of magnetic levitation techniques by various innovators
North America dominated the market in 2022 with a share of 30.9%. Growing government expenditure on the healthcare industry is one of the major factors driving the market in this region

Order your copy of Free Sample of “Healthcare 3D Printing Industry Data Book - Healthcare Additive Manufacturing, 3D Bioprinting and 3D Printed Drugs Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

3D Printed Drugs Market Report Highlights

The global 3D Printed Drugs Market size was valued at USD 86.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.78% from 2023 to 2030.

By technology, the zip dose segment held the largest share of the 3D market. This is attributed to the increase in the requirement for rapid soluble drugs that disperse quickly in the mouth, which in turn is likely to increase the adoption and anticipate market growth.
The inkjet printer segment is expected to grow lucratively during the forecast period. Due to the 3D medications can be personalized to each patient's needs, assisting them far more than batch-produced medicines, their demand is expected to skyrocket in the coming years.
By application, the neurology segment held a larger share of the global market. This is attributed to an increase in the proportion of older people, which is at an increased risk of developing neurological disorders and hence, propelling the market growth.
By end-use, the hospitals & clinics segment held a larger share in 2021, owing to the growing demand for personalized medicines and the cost-effective use of bio-drugs employing this technology.
North America dominated the global market in 2021 due to the availability of technologically advanced healthcare research framework, the presence of high R&D investment, and the development of 3D printed drugs in the region.
The Asia Pacific is expected to grow considerably in the future owing to the rising prevalence of chronic diseases and the presence of key players.

Go through the table of content of Healthcare 3D Printing Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The market is moderately consolidated and competitive, with the key companies holding the majority of the shares. The companies have a vast range of products in several categories, which are designed keeping in mind the diverse demands of the patients, with variations in each category and demand for customized products. With the launch of new products and geographic expansion, these companies have established a significant presence in the market. These companies are constantly innovating to launch advanced and customized products through their state-of-the-art facilities. For instance, in January 2023, Axial3D opened a medical 3D printing facility in Northern Ireland to advance the application of 3D printing for medical device manufacturers, hospitals, and medical research organizations.

Key players operating in the Healthcare 3D Printing industry are:

3D Systems, Inc.
EnvisionTEC
Stratasys Ltd.
Allevi, Inc.
GE Healthcare
Nanoscribe GmbH

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Enzymes Sector to Witness Significant Growth Due to their Increasing Demand from Animal Feed and Nutraceutical Industries

Enzymes Industry Data Book Covers Industrial Enzymes and Specialty Enzymes Market

The global Enzymes industry generated over USD 12.28 billion in 2022 and is expected to grow at a CAGR of 6.5% over the forecast period.

Grand View Research’s enzymes industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

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Industrial Enzymes Market Growth & Trends

The global industrial enzymes market size is expected to reach USD 11.42 billion by 2030, expanding at 6.4% CAGR from 2023 to 2030, as per a new report by Grand View Research, Inc. This is due to the growing demand for industrial enzymes in several applications such as animal feed, food & beverage, and nutraceutical. Increasing consumer awareness about health has resulted in the growing use of functional food products, which is expected to trigger product demand in the coming years.

Microorganisms are rapidly becoming a key source of enzymes, owing to their low production costs and easy availability of raw materials. End-use industries rely heavily on enzymes derived from microorganisms as they can be used to make a wide range of products. This, in turn, is anticipated to positively impact the demand for the industrial enzymes industry.

The demand is projected to be positively impacted over the forecast period by the rising consumption of functional food products due to the growing awareness of a person's health. Cellulose and amylase are the two subtypes of carbohydrate. It is frequently utilized as a component in the creation of carbonated beverages. Increased use of various types of carbohydrase in the pharmaceutical and animal feed industries would further increase demand for industrial enzymes in the coming years.

The COVID-19 pandemic had a positive impact on various end-use industries around the world, causing a supply-demand gap. The demand for the product in biofuel and textiles was moderately impacted by a demand-supply gap combined with the global lockdown of the automotive industry. However, the market experienced positive demand during the pandemic due to the increased adoption of enzymes in various industries such as animal feed, food, and cleaning products.

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Specialty Enzymes Market Growth & Trends

The global Specialty Enzymes market size is expanding at a CAGR of 6.6% over the forecast period. Specialty enzymes accounted for a share of over 43% in the industry in 2022. Specialty enzymes find extensive applications in the healthcare and pharmaceutical sectors. They are used in diagnostics, drug development, biotechnology research, and treatments. The growing prevalence of diseases, advancements in drug discovery and development, and the need for personalized medicine are driving the demand for specialty enzymes in these industries.

Specialty enzymes play a crucial role in drug discovery and development processes. They are used for target identification and validation, high-throughput screening, lead optimization, and structure-based drug design. Specialty enzymes such as proteases, kinases, polymerases, and ligases are employed in various assays and experiments to study the interaction of drugs with their targets.

They are also employed in biocatalysis and biotransformation processes in the pharmaceutical industry. They enable selective chemical transformations and the synthesis of complex molecules, including chiral compounds and intermediates for drug synthesis. Enzymes such as oxidases, reductases, and hydrolases are utilized to carry out specific reactions efficiently and with high selectivity.

Go through the table of content of Enzymes Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Enzymes industry are:

BASF SE
Novozymes
DuPont Danisco
DSM
Novus International

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Increase In the Incidence of Infertility to Create Growth Avenues for Fertility Storage Sector

Fertility Storage Industry Data Book Covers Egg Donation and Sperm Bank Market

The global Fertility Storage industry generated over USD 8.74 billion in 2022 and is expected to grow at a CAGR of 11.51% over the forecast period.

Grand View Research’s fertility storage industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research along with a digital healthcare statistics e-book.

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Egg Donation Market Growth & Trends

The global egg donation market size was valued at USD 3.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 17.92% from 2023 to 2030. Some of the driving factors of the market are the increasing demand for donor eggs due to delaying pregnancy by the young generation, rising infertility due to unhealthy habits, and the high success rate of procedures. In the U.S., egg donors are not only compensated for the donation but can also negotiate their compensation amount based on the desirability of their eggs.

According to National Center for Health Statistics, the average age to have a baby in the U.S. increased to 26.3 years in 2016 when compared to 22.7 years in 1980. Furthermore, this age increased to 30.3 years for women with a college degree.

Younger women prefer their own eggs for IVF procedures; however, for women above 40 years of age use of donor eggs increases the success rate of conceiving as the quality and quantity of eggs decline after 40. Delay in pregnancy is a key factor responsible for the declining quality and quantity of own eggs.

Licensed fertility clinics offer counseling to couples having problems conceiving. Based on the severity of their problems, doctors and specialists plan IVF treatments for couples. Fertility clinics provide state-of-the-art equipment such as micromanipulation, non-invasive Radio Frequency Identification (RFID) tags, and others. This factor is further expected to propel the market growth over the forecast period.

Global Egg Donation Market Share, by Region, 2022 (%)

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Sperm Bank Market Growth & Trends

The global sperm bank market size is expected to reach USD 6.6 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.56% over the forecast period. The market is majorly driven by increasing incidence of male and female infertility, rising acceptance of sperm banking services, and government initiatives in Assisted Reproductive Techniques (ART). Furthermore, increasing number of couples are planning to start family at later phase and hence are freezing their gametes. This is also contributing to the market expansion.

In women, rate of infertility decreases with age. Risks of complications during pregnancy also increase with age, resulting in the use of donor sperms or eggs. Rising trend of smoking is also affecting fertility in males and females. Female smokers achieve menopause earlier as compared to nonsmokers and are also at higher risk of miscarriage. In recent years, socioeconomic and demographic trends have increased the number of females seeking pregnancy during their late 30s and mid-40s. This also represents lucrative opportunities for the market growth.

Rise in funding and supportive initiatives for ART has driven growth of the market. For instance, the Australian government funds the ART services under the Medicare Benefit Scheme. It supports the access to In vitro Fertilization (IVF) or ART for the people unable to have children. Other countries with supportive initiatives include U.K., Singapore, and Canada. Growing acceptance of Lesbian, Gay, Bisexual, and Transgender (LGBT) community is also a key market driver. This represents growing demand for sperm banking services in the country.

The COVID-19 pandemic adversely impacted the market. There was a decrease in number of sperm donations owing to travel restrictions and social distancing norms. The number IVF and ART procedures also declined, resulting in decrease demand for donor sperm. In response to the pandemic many fertility centers and sperm banks suspended initiation of treatment cycles and elective gamete cryopreservation.

Go through the table of content of Fertility Storage Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Fertility Storage industry are:

Cryos International
New England Cryogenic Center
European Sperm Bank
Fairfax Cryobank, Inc
London Sperm Bank

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