Industries Study Report: 2023

Syringes Industry: Disposable Syringes Market Size to expand at a CAGR of 6.21% by 2030

Syringes Industry Data Book - Prefilled Syringes, Disposable Syringes, Dental and Micro Syringes Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Syringes Industry was valued at USD 43.98 billion in 2022 and is anticipated to increase at a significant CAGR of 9.02% from 2023 to 2030.

Grand View Research’s syringes industry databook 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.

Micro Syringes Market Insights

The global micro syringes market size was estimated at USD 219.1 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030. The market is expanding as a result of the rise in both the volume and number of life science research projects. Preclinical research, clinical trials, and drug observations are expected to boost the market growth as pharmaceutical and biomedical businesses strengthen their efforts to manufacture effective medicines. Due to the medical device sector's intensive research efforts to generate novel treatments, there is an increasing need for micro syringes. In addition, commercial expansion is encouraged by government financing for primary and basic research.

The existence of significant players in this sector is anticipated to produce profitable market expansion. Agilent Technologies Inc. has partnered with Akoya Biosciences in January 2023 to promote the development of Multiplex Tissue Assays for Biopharma applications. The new assays will speed up the progression of research findings to clinical testing and assist scientists and healthcare providers in fulfilling patient selection criteria for novel treatments in the U.S. Agilent intends to set aside USD 22 million for the growth of its Newport facility. COVID-19 has further underscored the significance of accurate and efficient liquid handling in vaccine development and testing, driving up the demand for micro syringes.

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Disposable Syringes Market Insights

The global disposable syringes market size was estimated at USD 14.19 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The market is primarily driven by factors, such as an increase in technological advancements and a rise in the incidence of chronic diseases. Moreover, the increasing adoption of safety syringes and the rising prevalence of diabetes drive market growth. Leading manufacturers focus on technological innovations, an increase in technological advancements, and the development of advanced products to gain substantial market shares, propelling its growth. The increasing prevalence of chronic disorders, such as diabetes, can be managed by self-injecting medication.

The rising cases of chronic diseases and an increasing number of vaccinations that make extensive use of syringes, such as single-use and disposable syringes, are enhancing global market growth. According to the International Diabetes Federation (IDF) Diabetics Atlas, the diabetic population is anticipated to grow by 46.0% reaching 643 million (1 in 9 adults) by 2030, and likely to majorly rise in middle-income countries, as compared to the developed countries. The adoption and development of disposable medical supplies for the prevention of infections during hospital operations is another key factor driving the market growth.

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Syringes Industry Data Book Competitive Landscape

Market players in the syringe market undertake several organic and in-organic growth strategies in order to strengthen their product portfolios and offer diverse technologically advanced and innovative products to their customers. These strategies are prominently adopted by companies to attract more customers in the market

Key players operating in the Syringes Industry are:

Nipro Corporation
Medtronic
Baxter International, Inc.
Braun Melsungen AG
Dentsply Sirona

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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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Magnetic Resonance Imaging Scanners and Accessories Industry: End use Outlook

Magnetic Resonance Imaging Scanners and Accessories Industry Data Book - Magnetic Resonance Imaging, MRI Coils & Motion Tracking Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Magnetic Resonance Imaging Scanners and Accessories Industry was valued at USD 13.25 billion in 2022 and is anticipated to increase at a significant CAGR of 8.2% from 2023 to 2030.

Grand View Research’s Magnetic Resonance Imaging scanners and accessories 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.

MRI Coils Market Insights

The global magnetic resonance imaging coils market size was valued at USD 7.99 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. The market is being driven by several factors, including increasing demand for diagnostic imaging procedures, technological advancements in magnetic resonance imaging (MRI) coil design, and the rising prevalence of chronic diseases including neurological disorders, cancer, and cardiovascular diseases. As per the WHO estimates, cardiovascular diseases are a leading cause of death, taking 17.9 million lives each year. This, in turn, is anticipated to propel the growth of enhanced imaging diagnostics, thus, fueling the growth of the industry.

Governments and private entities are increasingly investing in healthcare infrastructure to improve access to healthcare services. This also contributes to the growth of the market. For instance, the American Rescue Plan Act, signed into law in 2021, includes provisions to strengthen healthcare infrastructure and improve access to healthcare services. Furthermore, In 2021 Canadian Government announced an investment of USD 8.4 billion for the next five years to advance the healthcare infrastructure.

The COVID-19 pandemic had a significant impact on the healthcare industry, including the MRI coil industry. Many healthcare facilities experienced a significant reduction in patient volumes as a result of the pandemic. This resulted in a decline in the number of MRI scans performed, leading to reduced demand for coils. In addition, The COVID-19 pandemic disrupted global supply chains, including those for medical equipment such as MRI coils. This led to delays in the production and delivery of MRI coils, which has further reduced demand for these products.

MRI Coils Market Key Segments and Trends (2020 - 2030)

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MRI Motion Tracking Systems Market Insights

The global MRI motion tracking systems market size was valued at USD 2.76 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2023 to 2030. MRI is an efficient tool to detect aneurysms, tumors, and abnormalities in the brain and body. As per OECD, in 2020 the number of MRI units installed in the U.S. was 34.54 per million population. However, it is the growing need of the hour to develop a system that improves the stability of the image captured by MRI and reduces unnecessary rescans. Scans conducted for patients needing sedation such as pediatrics and geriatric patients with involuntary motions, often record motion artifacts, creating unclear diagnostic scans. Hence, motion tracking systems, are used to tackle such issues.

Reduced errors, improved image quality, reduced motion disturbances or artifacts, decreased scan time and frequency, undisturbed scanning workflow, and economic stability, are the advantages of these MRI motion tracking systems. Leading MRI manufacturers, such as Siemens, Phillips, and GE Healthcare, partner with motion tracking systems providers, to improve their equipment efficacy and track patient movement and provide patient position in real-time within the software. However, stringent FDA approvals for such systems have created great potential for new entrants in this less competitive market.

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Magnetic Resonance Imaging Scanners and Accessories Industry Data Book Competitive Landscape

The high price is one of the most impeding factors for the sales of these systems. The major players are focusing on minimizing the prices for medium-strength MRI systems using various methods. Technological advancements in manufacturing and the high influx of these systems in the market is expected to bring the prices down in the upcoming years.

Key players operating in the Magnetic Resonance Imaging Scanners and Accessories Industry are:

Siemens Healthineers
Toshiba Corporation
Aurora Imaging Technologies, Inc.
Koninklijke Philips N.V.
Esaote SPA

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Neurodegenerative Disease Therapeutics Industry: New Product Launches

Neurodegenerative Disease Therapeutics Industry Data Book - Parkinson’s Disease Treatment and Alzheimer's Therapeutics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Neurodegenerative Disease Therapeutics Industry was valued at USD 8.33 billion in 2021 and is anticipated to increase at a significant CAGR of 15.6% from 2022 to 2030.

Grand View Research’s neurodegenerative disease therapeutics industry data book is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.

Parkinson’s Disease Treatment Market Insights

The global Parkinson’s disease treatment market size was valued at USD 4.29 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% from 2022 to 2030. The increasing geriatric population, which is exposed to a high risk of developing Parkinson’s Disease (PD), the high burden of PD in western countries, and the strong product pipeline of disease-modifying therapies are anticipated to be major drivers for the industry. According to the International Parkinson and Movement Disorder Society, in 2020, around 9.4 million individuals had PD worldwide. Moreover, PD affects around 1% of the total population over the age of 60 years, which rises to 5% for the population over the age of 85 years.

Moreover, according to a UN report, there were about 727 million people aged 65 years & above globally in 2020. In addition, the number of individuals aged 80 years and above is projected to double by 2050, reaching more than 1.5 billion globally. Hence, the rise in the prevalence of PD has paved the way for key pharmaceutical players to undertake extensive market growth in this sector. The availability of different dosage forms can enable product differentiation for pharmaceutical companies, resulting in greater profits. NeuroDerm is developing ND0612 for the treatment of patients with moderate-to-severe PD, for whom oral medications are no longer effective.

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Alzheimer’s Therapeutics Market Growth, by Drug Class Segment, & Trends, 2020-2030 (USD Million)

Alzheimer’s Therapeutics Market Insights

The global alzheimer’s therapeutics market size was valued at USD 4.04 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 18.3% from 2022 to 2030. The rising prevalence of Alzheimer’s Disease (AD) and approval of disease-modifying therapies are expected to fuel market growth. According to the NCBI, in 2021, about 6.2 million people aged 65 and above living in America were suffering from Alzheimer’s disease, which is estimated to increase to around 13.8 million by 2060. Women are more prone to be diagnosed with Alzheimer’s disease than men due to the longer life expectancy of women. Moreover, Alzheimer’s disease is becoming the most common cause of death in neurodegenerative diseases and a common cause of physical disability that require immediate treatment.

The impact of the COVID-19 pandemic on the market was negative due to strict measures undertaken by the government such as lockdown to control infection spread. During the pandemic, the prescription rate for drugs used to treat Alzheimer’s was lowered due to a decline in patient visits to clinics and hospitals for treatment and fear of COVID infection, thereby restraining market growth.

The introduction of new highly sensitive cloud-based cognitive assessment systems will assist pharmaceutical companies in identifying the effects of drugs on patients. This will enable pharmaceutical companies to effectively evaluate the cognitive efficacy and safety of pipeline drugs. For instance, Cambridge Cognition’s Cantab Connect product has been specifically developed to measure the effectiveness of drugs for mild, moderate, and prodromal AD. The adoption of such technology is expected to enhance the chances of product approvals, consequently driving the Alzheimer's disease treatment market.

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Neurodegenerative Disease Therapeutics Industry Data Book Competitive Landscape

Competitive rivalry in this market is likely to be high due to increasing number of mergers, acquisitions, and partnerships undertaken by major players globally. Many established and clinical-stage pharmaceutical companies are involved in the development of novel therapies & drugs to target people with unmet clinical needs. Furthermore, the companies are focusing on the development of strategic alliances and research collaborations with competitors.

Key players operating in the Neurodegenerative Disease Therapeutics Industry are:

Cerevel Therapeutics
Novartis AG
Teva Pharmaceutical Industries Ltd.
Merck & Co., Inc.
GlaxoSmithKline plc. (GSK)

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Stem Cells Industry: Asia Pacific is Expected to Grow with The Fastest CAGR of through 2023 to 2030

Stem Cells Industry Data Book - Human Embryonic Stem Cells, Induced Pluripotent Stem Cells Production, Mesenchymal Stem Cells and Cancer Stem Cells Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Stem Cells Industry is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s Stem Cells Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.

Stem Cells Market Insights

The global stem cells market size was valued at USD 13,266.8 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2023 to 2030. The growing development of precision medicine, increase in the number of cell therapy production facilities and rising number of clinical trials are expected to be major driving factors of the market. Recent advances in the stem cells therapeutics and the tissue engineering hold the potential to draw the attention for treatment of several diseases. Furthermore, increasing demand for stem cells banking and rise in research activities pertaining to stem cells production, storage, and characterization are also expected to fuel the revenue growth for the market. Technological improvements in the parent and ancillary market for stem cells usage are some of the other factors that reinforce the expected growth in demand for stem cells over the forecast period.

The COVID-19 pandemic had a positive impact on the market. The application of the products in the treatment of the novel coronavirus has increased the interest of medical researchers, resulting in an increase in clinical trials. Regenerative medicine based on cellular therapies may be a treatment option for patients, resulting in a reduction in mortality and infection rates. Companies and research institutes are collaborating to develop novel treatment options for the disease. For example, Infectious Disease Research Institute and Celularity, announced in April 2020 that the US FDA had approved a clinical trial application to develop cell-based therapy for COVID-19. Hence, growing applications for clinical trials are expected to boost the demand for stem cells during the forecast period.

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Cancer Stem Cells Market Share, by Cancer Forms, 2022 (%)

Cancer Stem Cells Market Insights

The global cancer stem cells market size was valued at USD 2.59 billion in 2022 and it is expected to grow at a CAGR of 12.1% over the forecast period. The increasing prevalence of cancer, increased R&D activities, and adoption of stem cells are some of the major factors driving the market. Currently, oncology therapeutics has entered a new era with conventional therapies such as radiotherapy, chemotherapy, & surgeries on one side and stem cell therapies on another side.

Over the past few years, stem cells have been successfully utilized in immuno-reconstitution and for blood replenishment after tumor development or treatment. Furthermore, these cells have gained significant attention among healthcare entities for their employment as tools for delivering anti-cancer agents and tissue regeneration. A considerable number of entities have reported positive outcomes of using this mode of tumor treatment. While this therapy is receiving huge success in clinical oncology, a substantial number of published studies have mentioned cancer as a “Cancer Stem Cell (CSC) disorder”. Due to the introduction of this novel concept, an enormous potential for anti-CSC therapeutics has been created.

This approach enables comprehensive investigation of essential and poorly understood clinical events in tumor initiation, propagation, relapse, and metastasis. This is considered one of the major factors responsible for increasing interest in the cancer stem cell model. There is accumulating evidence that sheds light on the existence of cancer stem cells and their role in conferring drug resistance. This further allows generating of novel targets to overcome therapeutic resistance by controlling the regulation of these cells. Hence, CSCs, as potential therapeutic targets, enable therapeutic development that effectively combat tumor progression.

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Stem Cells Industry Data Book Competitive Landscape

Competitive rivalry in the stem cell industry is high due to the presence of a large number of both well-established players and small- to mid-sized companies as well as CROs in the market space.

Key players operating in the Stem Cells Industry are:

Advanced Cell Technology Inc.
STEMCELL Technologies Inc.
Cellular Engineering Technologies Inc.
CellGenix GmbH
PromoCell GmbH

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Machine Learning Industry: Enterprise Size Movement Analysis

Machine Learning Industry Data Book - Machine Learning, Deep Learning, Natural Language Processing Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030

The global Machine Learning Industry is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s Machine Learning industry databook 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.

Machine Learning Market Insights

The global machine learning market size was valued at USD 25.58 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 35.6% from 2022 to 2030. Artificial Intelligence (AI) is an emerging technology transforming how businesses and people operate. Through the development of several digital services and products, as well as supply chain optimization, these technologies have revolutionized the consumer experience. While some startups concentrate on solutions for specialized domains, numerous technology firms invest in this area to create AI platforms. Machine Learning (ML), one of the AI approaches, is getting a lot of momentum in the industry due to its quick progress.

Automation is a key trend in machine learning, intending to reduce manual labor to construct and deploy models. Platforms for automated machine learning (AutoML) are becoming increasingly common, allowing non-experts to take advantage of machine learning capabilities and quicken model building. Moreover, Deep learning, a machine learning that uses multiple-layer neural networks, is also improving. This tendency, the availability of enormous datasets, and the creation of more effective algorithms are all driven by advancements in processing capacity. Deep learning provides innovations in speech recognition, natural language processing, and computer vision.

Global Deep Learning Market Company Market Positioning

Deep Learning Market Insights

The global deep learning market was valued at USD 34.83 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) exceeding 34.3% from 2022 to 2030. The technology is gaining prominence because of advancements in data center capabilities, high computing power, and its ability to perform tasks without relying on human input. Moreover, the rapid adoption of cloud-based technology across several industries is fueling the growth of the deep learning industry.

Deep learning algorithms can perform several repetitive and routine tasks more efficiently than human beings. Additionally, it can also guarantee the quality of the work and provides additional features like key insights. Thus, implementing deep learning use within organizations can save time and money, which eventually frees up the employees to perform creative tasks that require human participation. Therefore, deep learning is considered a disruptive technology across several end-use industries, uplifting the demand for technology during the forecast period.

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Natural Language Processing Market Insights

The global natural language processing market size was valued at USD 18.51 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 41.3% from 2022 to 2030. Natural language processing (NLP) is a prominent component of artificial intelligence, it has applications in consumer chatbots and digital assistants and commercial applications like sentiment analysis, text analysis, voice sense (speech analysis), and change effect analysis. The NLP market is witnessing rapid growth owing to the rapid acceptance of novel technology advancements. Additionally, the growing requirement for data management and increased complexity in major businesses is also fostering the growth of the industry.

Increased customer demands for cloud-based technology and advancements in communication infrastructure are accelerating market growth. NLP is the interface between humans and machines, and it comprises executing computer programs and analyzing data. Low cost, high scalability, and high usage of smart devices across industries are expected to contribute to the industry’s expansion over the forecast period. Moreover, the expansion of the e-commerce industry and perception of online sales channels is projected to ascend the demand for NLP for enhancing consumer experience through personal attention and query handling.

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Machine Learning Industry Data Book Competitive Landscape

The market participants are implementing several organic and inorganic growth strategies, including new product launches, product modernizations, collaborations, corporate expansions, and acquisitions and mergers. Further, the companies are also focusing on developing new products and services with enhanced capabilities.

Key players operating in the Machine Learning Industry are:

Advanced Micro Devices, Inc.
Amazon Web Services, Inc.
Apple Inc.
ARM Ltd
Atomwise Inc.

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E-commerce Industry: B2C E-commerce Market Size to grow at a CAGR of 9.7% by 2030

E-commerce Industry Data Book - B2B E-commerce and B2C E-commerce Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global E-commerce Industry was estimated at USD 13,497.0 billion in 2022 and is anticipated to increase at a significant CAGR of 15.0% from 2023 to 2030.

Grand View Research’s E-commerce industry databook 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.

B2B E-commerce Market Insights

The global B2B e-commerce market was valued at USD 7,904.0 billion in 2022 and is projected to grow at a CAGR of 22.8% from 2023 to 2030. COVID-19 pandemic has accelerated the demand for e-commerce during a period of slow economic activity. In the first half of 2020, the pandemic affected several businesses across the globe. With stay-at-home constraints, numerous customers and organizations went digital to buy and sell goods and services online. Moreover, companies have been participating in/renewing partnerships with various vendors aimed at enabling the e-commerce companies to offer a better product range, enabling the companies to gain better traction in the market. For instance, In November 2022, Cartona renewed its partnership with Beyti (based in Egypt juice, milk, and other dairy products), which enabled Beyti to showcase its 94 products on the Cartona e-commerce platform.

Flexible payment options favor business owners. The changing B2B buyer behavior and a strong emphasis on streamlining purchasing processes are prompting B2B e-commerce companies. This, in turn, offers payment methods, such as third-party payments and mobile wallets, as part of their efforts to make B2B transactions more convenient. Moreover, e-comm companies have been involved in partnerships aimed at improving B2B e-comm payments, such initiatives have also been driving the growth of this market during the forecast period. For instance, in December 2022, Market Time LLC had partnered with Balance Payments, Inc. (Israel-based B2B payment platform) aimed at launching B2B payment solution. The partnership will enable Market Time to integrate Balance’s mtPay, which enables easy processing of pain points, and reduced cost, and time.

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B2C E-commerce Market Insights

The global B2C e-commerce market size was valued at USD 4.39 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. The growth can be attributed to rising disposable income, global per capita income, and expanding internet penetration. The increasing technological adoption, accompanied by the easy availability of smartphones, has enabled the e-commerce sector to be more reachable and efficient. The increasing use of social networks further drives the demand for online purchasing of various products and services. The market is expected to witness high growth over the forecast period, mainly due to growing digital dependency and the convenience of shopping on online platforms. It has evolved amid a busy lifestyle and an overabundance of options available to shop from the comfort of home.

Convenience is the major factor driving the growth of the overall online shopping industry. Customers can find their interested products by visiting the website and gaining additional insights on various products. The market is witnessing a paradigm shift toward m-commerce from e-commerce, as customers increasingly use smartphones to purchase goods and services online. The lack of an organized offline retail sector is also driving growth on a global scale.

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E-commerce Industry Data Book Competitive Landscape

Companies in the market have engaged in partnerships, mergers & acquisitions to capture the market. Adopting new technologies by the e-commerce platforms plays a major role in enhancing the customer experience, which has contributed to the growth.

Key players operating in the E-commerce Industry are:

Alibaba Group Holding Limited
Amazon Inc.
Apple Inc.
Best Buy
eBay Inc.

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Material Handling Robots Industry: Navigation Technology Market Share Analysis, 2021 - 2030

Material Handling Robots Industry Data Book - Automated Guided Vehicles, Autonomous Mobile Robot, Collaborative Robots Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Material Handling Robots Industry was estimated at USD 7.34 billion in 2021 and is anticipated to increase at a significant CAGR of 17.4% from 2022 to 2030.

Grand View Research’s material handling robots’ industry 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.

Automated Guided Vehicles Market Insights

The global automated guided vehicle market size was valued at USD 3.81 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030. Automated guided vehicle (AGV) systems assist in moving and transporting items in manufacturing facilities, warehouses, and distribution centers without any permanent conveying system or manual intervention. It follows configurable guide paths for optimizing storage, picking, and transport functions in the environment of premium space. AGVs are being highly adopted owing to several benefits, such as reduced labor costs, reduced product damage, increased productivity, and scale to support automation processes. These notable advantages encourage transportation and logistics firms to deploy AGVs to boost the efficiency of their operations.

Automated guided vehicles are used in various end-use industries, such as logistics, automotive, healthcare, manufacturing, food & beverages, and others. Increased productivity and reduced labor costs are the key factors driving the need for industrial equipment. The demand for AGVs is expected to grow owing to the increasing automation in industries. Increasing industrialization has led to the continuous need for customized material handling and transport solutions for fuel efficiency.

Autonomous Mobile Robot (AMR) company market Positioning

Autonomous Mobile Robots (AMR) Market Insights

The global AMR market size was valued at USD 2.52 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.8% from 2022 to 2030. Autonomous mobile robots pick, transport, and sort items within manufacturing and distribution facilities without manual intervention. AMRs leverage vision cameras, onboard sensors, and facility maps integrated with warehouse execution software (WES) to perform various operations, such as moving raw materials and manufactured goods within the facility. AMRs are highly preferred owing to their myriad benefits, such as preventing product damage, reducing labor costs, enhancing productivity, and automating processes. Incumbents of several industries and industry verticals, including transportation & logistics, automotive, and food & beverages, are already reaping the benefits of adopting AMRs.

AMRs form an essential component of lean operations in the broader picture of various industrial scenarios as they are developed to address specific challenges associated with conventional industrial environments. These robots navigate inherently dynamic environments, such as construction sites. Since production facilities are pursuing leaner operations and are becoming more active, robots that can navigate and operate safely within these environments are poised for significant commercial growth.

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Collaborative Robots Market Insights

The global collaborative robots market size was valued at USD 1.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 31.5%, from 2022 to 2030. The growth can be ascribed to the increasing adoption of collaborative robots, or cobots, in Small and Medium Enterprises (SMEs). These companies are increasingly investing in cobots to interact with humans in a shared workspace and automate manufacturing processes. The growth is further proliferated by technological advancements in the industry.

The integration of artificial intelligence and machine learning technologies in industrial robots is positively influencing the business space. Besides, the advent of 5G technology is also expected to stimulate the adoption of cobots in the manufacturing sector. The release of an industrial grade 5G wireless network by Nokia Corporation to meet the requirements of Industry 4.0 is a prominent example of such developments. The low-latency connectivity offered by 5G wireless solutions will help OEMs enhance robotic automation and increase the productivity, quality, and efficiency of the manufacturing processes.

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Material Handling Robots Industry Data Book Competitive Landscape

The key market players in the Material Handling Equipment markets are continuously seeking various initiatives such as strategic alliances, mergers and acquisitions, and new development launches. These vendors bear expertise in the Material Handling Equipment industry and have strategic footprints across various parts of the world. Hence, these companies have successfully defended their position in the market.

Key players operating in the Material Handling Robots Industry are:

Swisslog Holding AG
Egemin Automation Inc.
Bastian Solutions, Inc.
Daifuku Co., Ltd.
Dematic

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Digital Health Industry: Services Segment Dominated the Market with Revenue Share of 45.4% in 2022

Digital Health Industry Data Book - Tele-Healthcare, mHealth, Healthcare Analytics and Digital Health System Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030

The global Digital Health Industry was estimated at USD 211.0 billion in 2022 and is anticipated to increase at a significant CAGR of 18.6% from 2022 to 2030.

The digital health industry data book, compiled by Grand View Research, 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.

Healthcare Analytics Market Insights

The global healthcare analytics market size was valued at USD 35.3 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 21.4% from 2022 to 2030. The healthcare industry faces challenging issues such as the lack of better patient care, skyrocketing costs of treatment, and less patient retention & engagement. As a result, healthcare analytics are being incorporated into every aspect of the industry to give better care to patients and for better industry operations. These factors are key reasons for the growth of the healthcare analytics industry.

COVID-19 saw significant growth in the industry due to an increase in the need for digital solutions and better analytics tools to manage patient load in the healthcare industry. The amount of clinical data generated during the pandemic needed proper management. With the help of analytics tools and platforms, researchers and professionals derive better outcomes, predict trends, and understand the dynamics of disease outbreaks much better. An increasing burden on health establishments and professionals has created a need to adopt healthcare analytics platforms for better management and delivery of better care to patients.

In June 2020, NIH launched a healthcare data analytics platform to collect patient data for actionable insights on COVID-19. However, the post-pandemic effect shows healthcare analytics as a part of a larger solution that has much wider implications for understanding clinical data for healthcare professionals. In May 2021, the WHO and a German federal agency established a hub for pandemic data for analyzing the spread of disease, innovation in the field of medicine, and surveillance of patients to mitigate further risks in the future.

U.S. Healthcare Analytics Market Size, 2020 - 2030 (USD Billion)

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mHealth Market Insights

The global mHealth market size was estimated at USD 56.8 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.8% from 2022 to 2030. Rising penetration of digital health services for remote patient monitoring is also increasing demand for mobile health apps, which in turn is expected to propel market growth over the forecast years. Growing awareness among individuals to use mobile health solutions and supportive government initiatives to introduce and promote remote digital healthcare are some of the factors expected to boost market growth over the years. In addition, increasing use of smartphones among adult population and teenagers is also anticipated to drive growth of mHealth platforms and technologies in the upcoming years.

The pandemic has created multiple challenges for global healthcare services. However, this situation has provided a much-needed boost to digital health technologies in the field of disease surveillance, new strategy development, and frontline care services, which has led to the change in its product life cycle trajectory. Furthermore, to improve health of populations, mobile health platforms have gained traction during the COVID-19 pandemic. The pandemic has encouraged patients and healthcare providers for adoption of digital health platforms owing to infection fear and shutdown and lockdown scenarios across the globe. Moreover, growing adoption of mobile health technology and remote patient monitoring are some of the major factors anticipated to drive the market over the years.

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Digital Health Industry Data Book Competitive Landscape

Increasing demand for technologically advanced digital health platforms and services are increasing competition in the market and thus, forcing key players to introduce new solutions in the market. Additionally, it is projected that rising industry consolidation activities, such as acquisitions and mergers by the leading market participants, as well as expanding efforts in R&D of digital health applications by key players, is also expected to boost the market share. Increasing funding and growing awareness and acceptance to adopt healthcare application is further projected to open new opportunities for the market especially at entry level.

Key players operating in the Digital Health Industry are:

Apple Inc.
AT&T
AirStrip Technologies
Allscripts
Google Inc.

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Fertilizer Industry: Potassic Fertilizers Market Size to expand at a CAGR of 1.6% by 2030

Fertilizer Industry Data Book - Nitrogenous, Potassic, Phosphatic, Foliar, Water-soluble, Biofertilizers, And Fertilizer Additives Market Size, Share, Trends Analysis and Segment Forecasts, 2022 - 2030

The global Fertilizer Industry was estimated at 201.3 Million Tons in 2021 and is anticipated to increase at a significant CAGR of 1.2% from 2022 to 2030.

The fertilizer industry database, compiled by Grand View Research, 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 an agricultural statistics e-book.

Nitrogenous Fertilizers Market Insights

The global nitrogenous fertilizer market size was valued at 113.3 Million Tons in 2021 and is projected to register a compound annual growth rate (CAGR) of 1.2% in terms of revenue from 2022 to 2030. The growth is attributed to the increasing popularity of agriculture on a commercial level across the world. There has been a rising demand for nitrogenous fertilizers from the agriculture industry for providing appropriate nutrition to the various food crops, thereby improving their yield. Agricultural commodities including vegetables, fruits, cotton, and cereals are crucial areas of application for these fertilizers. The production capacity of the crops is broadly affected by variations in climatic conditions, thereby changing the supply and demand of crops according to different seasons. The fertilizers are crucial ingredients utilized in agricultural practice for enhancing crop growth. A large number of crops cultivated across the world use fertilizers.

Nitrogen is some of the crucial nutrients necessary for the growth of plants. It is naturally available in the atmosphere, although, very few plants are able to absorb it. Thus, it is synthetically supplied to the plants in the form of nitrogenous fertilizers. The product is offered in the global market in various forms including calcium ammonium nitrate, ammonium sulfate, ammonia, and others, with different proportions of the nutrient values. The aforementioned products help to regulate the growth of the plants for faster yield and also provide a better texture.

Hydrogen and nitrogen are the crucial raw materials utilized in the manufacturing process of the product. The primary nutrient used in the fertilizers is nitrogen, and plants require it in large quantities. It plays a significant role in the photosynthesis process, thereby allowing plants to produce their food by using sunlight. Also, it is necessary for nearly every aspect of plant physiology. Nitrogen deficiency in plants can lead to the development of yellow leaves and poor growth. However, a surplus quantity of nitrogen in the fertilizers can result in enormous vegetative growth in crops, at the expense of fruiting and flowering.

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Biofertilizers Market Insights

The global biofertilizers market size was valued at 1.4 Million Tons in 2021 and is expected to grow expand at a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030. The increasing usage of microbes in biofertilizers proves the potential for sustainable farming methods and food safety. The increasing concern with respect to food safety is expected to drive the market for biofertilizers over the forecast period. The EU “Common Agricultural Policy” promotes the use of bio-based products along with organic farming and provides up to 30.0% of the budget as direct green payment to farmers complying with sustainable agricultural practices. A favorable regulatory scenario, especially in North America and Europe is expected to be a key driving factor for the market for biofertilizers over the next couple of years across these regions.

The global agriculture industry is a fast-moving sector with dynamic changes on various levels across all economies of the world. With the intervention of digital farming and precision farming practices prevailing in all countries, the growing economic regions are adapting to technological reforms to sustain the ecosystem. Technological adaptability comes with high investments, which in turn, affects the overall return on investments. This is a key factor that puts an entry barrier to small agricultural entrepreneurs and medium-scale farmers to penetrate the global competitive environment.

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Fertilizer Industry Data Book Competitive Landscape

Fertilizer markets across the globe returned to making profits in Q2 2022. This is followed by a supply squeeze of essential crop nutrients in the wake of the Russian invasion of Ukraine. Sanctions on Belarus and Russia, which are amongst the top producers of potash behind Canada, a key nutrient of potassium fertilizers, led to an increase in the mineral’s prices to levels registered back during the 2008 food crisis. The sanctions left a 35% void in the global output of potash.

Key players operating in the Fertilizer Industry are:

Nutrien
CF Industries
Mosaic
Yara International
Omnia Holdings

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Air Compressor Industry: Technology Overview and Value Chain Analysis

Air Compressor Industry Data Book - Reciprocating Air Compressor, Rotary/Screw Air Compressor and Centrifugal Air Compressors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Air Compressor Industry was estimated at USD 24.35 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s air compressor sector 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, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Reciprocating Air Compressor Market Insights

The global reciprocating air compressor market size was estimated at USD 5.25 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. Reciprocating air compressors are employed in a variety of sectors, including manufacturing, oil & gas, chemical, and electrical generation. To address the shortcomings of conventional production procedures, several industries have introduced cost-effective manufacturing strategies. Owing to the advantages such as efficient energy distribution and cost-effectiveness, these industries have a significant need for energy-efficient reciprocating air compressors. These factors are expected to positively impact the market demand during the forecast period.

Furthermore, developing countries have introduced stringent regulations for environmental protection, increasing the demand for energy-efficient reciprocating air compressors. Moreover, these compressors are versatile and find applications in many other industries and processes due to their ability to provide high-pressure air for various tasks. For instance, the automotive sector relies on reciprocating air compressors for vehicle assembly, painting, and repair activities. These aforementioned factors are anticipated to propel the demand for reciprocating air compressors in the coming years.

Rotary/Screw Air Compressor Market Share, by Country, 2022

Rotary/Screw Air Compressor Market Insights

The global rotary air compressor market size was estimated at USD 11.44 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. Growth in demand for energy-efficient products, expansion of the rotary air compressor's application areas, increase in the number of infrastructure projects, penetration of IoT, and Industry 4.0 are the major factors driving the market growth. In addition, these compressors are ideal pneumatic solutions for any task that needs secure, ongoing access to compressed air. In a variety of industrial settings, including oil & gas, manufacturing, food packaging, construction, automotive, chemical, pharmaceutical, and energy, these compressors also power pneumatic tools. These aforementioned factors are further anticipated to propel the market growth over the forecast period.

Furthermore, the rotary air compressor ensures a continuous sweeping motion in contrast to the reciprocating air compressor, which has excessive pulsing and surging of the airflow. The heat produced during air compression by rotary air compressors is reduced, which aids in lowering the amount of water produced during operation. As a result, less water will enter the compressor or other final applications. These aforementioned factors are expected to augment the market demand over the forecast period.

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Centrifugal Air Compressors Market Insights

The global centrifugal air compressor market size was estimated at USD 7.66 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The oil and gas industry is a major consumer of centrifugal air compressors, using them in various applications such as gas processing, offshore drilling, and pipeline transportation. The expansion of oil and gas projects globally contributes to the market's growth. Ongoing advancements in compressor technology have led to improved performance, reliability, and efficiency of centrifugal air compressors, making them more attractive to various industries.

In recent years, there has been a growing trend in the adoption of centrifugal air compressor technology in the U.S., especially in industries such as healthcare, food and beverage, and electronics manufacturing. This increase in adoption is influenced by several factors, such as increased awareness of the potential hazards of oil contamination, as well as the need for higher levels of air purity and energy efficiency.

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Air Compressor Industry Data Book Competitive Landscape

The air compressor manufacturers adopt several strategies, including mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to augment their market presence and cater to the ever-changing consumer requirements.

Key players operating in the Air Compressor Industry are:

Atlas Copco
Bauer Group
BelAire Compressors
Cook Compression
Compressor Products International (CPI)

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Construction Fasteners Industry: Chemical Anchors Market Size to expand at a CAGR of 3.9% by 2030

Construction Fasteners Industry Data Book - Mechanical Anchors, Chemical Anchors, Bolts, Rivets, Screws and Nails Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Construction Fasteners Industry was estimated at USD 26.67 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s construction fasteners sector database 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.

Mechanical Anchors Market Insights

The global mechanical anchors market size was estimated at USD 1.85 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2023 to 2030. The mechanical anchors have high potential demand and installation across the building and construction sector including historic masonry materials. These anchors mechanically hold themselves in the base material with the help of friction and some type of movement to achieve holding values. Mechanical concrete anchors are gaining growth in the market due to their wide range and benefits in concrete applications. Various types of mechanical anchors are available in the market including wedge anchors, sleeve anchors, machine screw anchors, hammer drive anchors, single expansion anchors, and double expansion anchors. They have usage across various applications in accordance with their properties and benefits which are expected to boost their demand in the market.

The U.S. mechanical anchor industry is anticipated to witness moderate growth over the coming years owing to rising demand for machinery tools from the automotive, construction, and aerospace & defense industries. Despite the downturn in 2020 caused by the COVID-19 pandemic, rising emphasis on the production of building tools in the region, along with the continuation of construction operations, is anticipated to prove beneficial for the demand for the anchor in the upcoming years.

Mechanical anchors are also having potential users across the stone masonry. These are commonly installed in historic masonry materials. Moreover, signage installations, scaffolding lateral supports, and telecommunication launching systems. Structural engineers are improvising the designs and specifications of the mechanical anchors according to the development and advancement in the structural design market. The aforementioned factors are expected to propel product demand.

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Nails Market Insights

The global construction nails market size was estimated at USD 10.29 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. The growth can be attributed to the flourishing global construction industry, which is a key consumer of these nails. The growth of the global construction industry is driven by increasing public and private investments in the development of new infrastructures, residential spaces, and commercial spaces in countries such as India, China, and Mexico. Thus, the rising number of construction activities worldwide is fueling the demand for construction nails.

These nails are increasingly used in wood structures, cabinets, wall-molding applications, sheaths, fence-fixing applications, timber & soft pine frames, composition roofs, underlayment, fiber-cement boards, buildings, home renovation projects, etc. The surge in the development of lightweight wood-based structures in different countries across the world owing to the easy availability of wood, its high mobility rate, reduced taxes, and its low transportation costs, along with the ease of processing offered by it, is also fueling the demand for the product.

Construction nails are manufactured from raw materials such as stainless steel and carbon steel. Stainless steel is highly preferred in the manufacturing of these nails owing to its various attributes such as durability, resistance to corrosion, and high strength. Carbon steel is also used for manufacturing these nails owing to its ability to bear loads and its high tensile strength. In addition, these nails when made from carbon steel are relatively less expensive compared to those made with stainless steel, which is expected to augment the demand for carbon steel nails in the market.

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Construction Fasteners Industry Data Book Competitive Landscape

The construction nails market is categorized as highly competitive owing to the presence of a number of large- and small-sized manufacturers of different types of these nails in their product portfolios. These players are focused on increasing their market share by adopting various strategies such as new product launches, research and development, mergers & acquisitions, and collaborations. Quality is a key factor for consumers, thus, the manufacturers are focusing on quality certification to gain consumer confidence.

Key players operating in the Construction Fasteners Industry are:

Simpson Strong-Tie
Grip-Rite
Shandong Oriental Cherry Hardware Group
Maze Nails
TITIBI

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Centrifugal Pump Industry: Revenue Estimates and Forecasts by Application, 2030

Centrifugal Pump Industry Data Book - Radial Flow Pump, Mixed Flow Pump and Axial Flow Pump Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Centrifugal Pump Industry was estimated at USD 37.5 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s centrifugal pump sector database 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 report and summary presentations on individual areas of research.

Radial Flow Pumps Market Insights

The global radial flow pump market size was estimated at USD 24.4 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2030. The driving factors for the market growth are attributable to the pump's efficiency, versatility, and suitability for a wide range of applications. As industries continue to grow and evolve, the demand for reliable and efficient fluid handling solutions, such as radial flow pumps, remains strong. Government laws that are strict on energy efficiency, safety, and standards are anticipated to have a significant impact on the market. Many government agencies have not only restructured their existing structures but also their current policies. While many established nations have already made investments in the water treatment business, developing nations in Asia Pacific and North America are anticipated to encourage and boost investments in the sector in the years to come.

The U.S. accounted for the largest market share of the total industrial pump market in North America in 2022. According to the CDC 2023 report, CDC calculated the costs incurred by waterborne diseases on the American healthcare system were approximately USD 3.3 billion. Such a high figure highlights the increasing demand for water treatment systems to be installed in hospitals. This has created a need for effective radial flow pumps as these pumps play a crucial role in water treatment processes, including pumping and circulating water in treatment plants, managing sludge, and handling various stages of the treatment cycle. Moreover, increased R&D in ultrafiltration and microfiltration is expected to open new markets for wastewater and water treatment services in the U.S. over the forecast period, thereby fueling the radial flow pumps adoption.

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Mixed Flow Pump Market Share, by Country, 2022

Mixed Flow Pumps Market Insights

The global mixed flow pump market size was estimated at USD 9.1 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. Mixed flow pumps offer a balance between radial and axial flow pumps, resulting in efficient fluid movement with moderate to high flow rates and head capacities. This efficiency is a significant driver in applications where fluid transport is required across a range of flow rates and pressures.

Strict government laws on energy efficiency, safety, and standards are anticipated to have a significant impact on the market. While many established nations have already made investments in water treatment business, developing nations in Asia Pacific and North America are anticipated to encourage and boost investments in the sector in the coming years.

According to the International Energy Agency (IEA) the U.S. has the third-largest hydropower power generation capacity in the world. An ongoing project, to upgrade the Bad Creek hydro station in South Carolina, U.S., is adding to demand for mixed flow pumps. This upgrade reported by the National Hydropower Association (NHA) in March 2022 is planned to increase the hydropower generation by 280MW. Thereby, it generated growth opportunities for the mixed-flow pumps market, as mixed flow pumps are used in the power generation facilities.

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Centrifugal Pump Industry Data Book Competitive Landscape

The competitive landscape of the centrifugal pump market is characterized by a mix of established global players and regional manufacturers. Several multinational companies dominate the global centrifugal pump industry.

Key players operating in the Centrifugal Pump Industry are:

Grundfos
Xylem
Flowserve
ITT Corporation
CIRCOR International

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