Wednesday, September 28, 2022

Functional Tea Market Trends And Industry Size, Forecasts Till, 2021-2026: Innovation Market Research

Functional Tea refers to a series of teas that can contribute to bodily functions. In 2019, the market size of Functional Tea is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

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In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Functional Tea. This report studies the global market size of Functional Tea, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).

This study presents the Functional Tea sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.

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In global market, the following companies are covered:
Tata Tea Limited
Herbaty Szlachetne Sp. Z O.O.
Guangzhou Lohas Biological Technology Co., Ltd
Godrej Tea
The Mate Factor
Organic India
Wuhan z-Micro Unite S&T Co., Ltd.

Market Segment by Product Type
Fruit Tea
Herbal Tea
Longjing Tea
Flower Tea
Others

Market Segment by Application
Store Based
Non-Store Based

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

The study objectives are:
To analyze and research the Functional Tea status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Functional Tea manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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Friday, June 10, 2022

AI training dataset market size is anticipated to expand at a compound annual growth rate (CAGR) of 22.2% from 2022 to 2030.

The global AI training dataset market size was valued at USD 1,408.5 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 22.2% from 2022 to 2030. AI is gaining significant importance in various industry applications such as manufacturing, IT, BFSI, retail, and ecommerce, and healthcare. The growing demand for application-specific training data is also opening opportunities for new entrants. Artificial Intelligence (AI) is becoming vital to big data as the technology allows the extraction of high-level and complex abstractions using a hierarchical learning process leading to the need for mining and extracting meaningful patterns from voluminous data.

Gather more insights about the market drivers, restrains and growth of the Global AI Training Dataset Market

The AI enables machines to learn from experience, perform human-like tasks, and adjust to new inputs. These machines are trained to process massive data and determine patterns to accomplish a specific task. In order to train these machines, certain datasets are required. To cater to this requirement, the demand for artificial intelligence training datasets is increasing. The working of machines entirely depends on the dataset provided. Thus, it becomes essential to provide high-quality datasets for training. This high-quality dataset enhances the performance of AI. It also helps in reducing the time required to prepare data and increases the accuracy of predictions. Thus, vendors in the market are also focusing on acquiring companies that can help them to enhance the quality of data.

For instance, in March 2020, Appen Limited, a specialized dataset provider, announced the acquisition of Figure Eight Inc., a provider of the machine learning platform. The latter company creates high-quality data by transforming unlabeled data with the help of automated tools. This acquisition will help the former company to increase the creation speed of a high-quality training dataset. It will also help in enhancing the quality of data.

Browse through Grand View Research's Next Generation Technologies Industry Related Reports

  • Artificial Intelligence Market - The global artificial intelligence market size was valued at USD 93.5 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 38.1% from 2022 to 2030. The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing.
  • Machine Learning Market - The global machine learning market size was valued at USD 6.9 billion in 2018 and is anticipated to register a CAGR of 43.8% from 2019 to 2025. Emerging technologies such as artificial intelligence are changing the way industries and humans work.
  • LiDAR Market - The global LiDAR market size was valued at USD 1.1 billion in 2019 and is expected to register a CAGR of 13.2% over the forecast period. The technological advancements in spatial resolution of LiDAR-based digital terrain models provide incredible accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways.

AI Training Dataset Market Segmentation

Grand View Research has segmented the global AI training dataset market based on type, vertical, and region:

  • AI Training Dataset Type Outlook (Revenue, USD Million, 2017 - 2030)

o   Text

o   Image/Video

o   Audio

  • AI Training Dataset Vertical Outlook (Revenue, USD Million, 2017 - 2030)

o   IT

o   Automotive

o   Government

o   Healthcare

o   BFSI

o   Retail & E-commerce

o   Others

  • AI Training Dataset Regional Outlook (Revenue, USD Million, 2017 - 2030)

o   North America

o   Europe

o   Asia Pacific

o   South America

o   Middle East & Africa

Market Share Insights

January 2021: Vector Space AI, a datasets provider, entered into a collaboration with Elasticsearch B.V., a search company. The former company will be providing AI datasets to its users that are built in collaboration with the latter company. Vectorspace AI launched datasets that will power AI, ML and data engineering.

September 2020: Waymo LLC, a Google LLC company, released a new dataset for autonomous vehicles. This dataset comprises sensor data that has been collected from camera sensors and LiDAR under various driving conditions such as cyclists, pedestrians, signage, and others. Such developments are driving the adoption of training datasets in the market, thereby catering to a high share in the market for AI training dataset.

Key Companies profiled:

Some prominent players in the global AI Training Dataset market include

  • Google, LLC (Kaggle)
  • Appen Limited
  • Cogito Tech LLC
  • Lionbridge Technologies, Inc.
  • Amazon Web Services, Inc.
  • Microsoft Corporation
  • Scale AI Inc.
  • Samasource Inc.
  • Alegion
  • Deep Vision Data

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

Saturday, May 28, 2022

What are the key application areas for Restaurant Point-of-Sale Terminal?

The global restaurant point-of-sale terminal market size was valued at USD 15.46 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The COVID-19 pandemic impacted the business of the restaurant sector due to the temporary shutdowns and lack of dine-in customers. However, the adoption of digital ordering channels helped a few restaurants survive the pandemic while using POS for contactless payments. The increasing demand for improved Point-of-Sale (POS) terminals is backed by its efficient management facility in comparison to the manual systems or traditional cash register.

The POS system functions such as sales analysis, inventory management, customer feedback, and employee management analysis which is impelling the market growth. The restaurant POS terminal functions involve billing, recording sales figures, payroll management, and inventory control to ensure business function. Everyday sales and inventory data recorded in the POS system are analyzed to track the sales pattern and help restaurateurs manage sales tax reporting as well as track their monthly and annual sales.

Gather more insights about the market drivers, restrains and growth of the Global Restaurant Point-of-Sale Terminal market

The installation of fixed or mobile POS systems can reduce everyday tedious and manual tasks recording sales and preparing tax reports. Additionally, integration of Customer Relationship Management (CRM) software in the POS system automatically fetches customer information to create regular updates and prepare sales reports. Thereby, the added advantage of installing a POS system to extract insights related to customer preference, and sales trends are expected to augment the market growth.

Restaurants need streamlined business operations to boost product demand. Hence, restaurateurs have deployed point of sales systems to operate with improved efficiency by reducing billing time, monitoring the order completion time, and avoid order error during peak hours. Metropolitan cities in every country are the hubs for fine dining restaurants, cafes, breweries, nightclubs, and pubs where people congregate regularly with family, friends, or colleagues for leisure time or official meet, respectively. Hence, restaurant staff needs to maintain quick order and billing facilities to offer a great dining experience. A POS system strives to manage the back-end preparation for a smooth front-end operation during busy hours. A rise in the number of dine-in restaurants, nightclubs among others will contribute to the market growth over the next few years. The impact of COVID-19 will result in a short-term impediment; however, the market will soon hit recovery with large-scale vaccination programs. 

The restaurant POS terminal market growth slumped due to the COVID-19 pandemic that forced people to stay indoors and avoid outside activities. Although the online ordering system helped many restaurants to keep the operation on track, the revenue loss led to the declined sale of new POS systems. As the countries such as China, Japan, South Korea, the U.S., Russia, the U.K., Germany, and other countries are recovering from the pandemic and have fully operated restaurants, the POS vendors are adding new features to help restaurants adapt to the challenge of dining. In 2021, the restaurant sector is expected to revive and boost the demand for mobile POS terminals across various types of restaurants.

Browse through Grand View Research's Electronic Devices Industry Research Reports.

LED Lighting Market - The global LED lighting market size was valued at USD 55.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2030. Increasing construction activities in developed and developing countries, along with stringent government regulations to lower the adoption of inefficient lighting technologies, are the major factors expected to drive the market.

Surface Vision And Inspection Market - The global surface vision and inspection market size was valued at USD 2.41 billion in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 7.8% from 2022 to 2030. Rapid industrialization globally, manufacturers’ approach toward automation to meet the changing consumer demand pertaining to product quality is expected to augment the market growth.

Restaurant Point-of-Sale Terminal Market Segmentation

Grand View Research has segmented the global restaurant point-of-sale terminal market based on product, component, deployment, application, end-user, and region:

Restaurant POS Terminals Product Outlook (Revenue, USD Million, 2016 - 2028)

  • Fixed
  • Self-serve Kiosks
  • Cash Counters Terminal
  • Vending Machine
  • Mobile

Restaurant POS Terminals Component Outlook (Revenue, USD Million, 2016 - 2028)

  • Hardware
  • Swipe Card Machine
  • Touch Screen/Desktop
  • Others
  • Software

Restaurant POS Terminals Deployment Outlook (Revenue, USD Million, 2016 - 2028)

  • Cloud
  • On-Premise

Restaurant POS Terminals Application Outlook (Revenue, USD Million, 2016 - 2028)

  • Front-End
  • Back-End

Restaurant POS Terminals End-user Outlook (Revenue, USD Million, 2016 - 2028)

  • Full-Service Restaurant (FSR)
  • Fine Dine
  • Casual Dine
  • Quick Service Restaurant (QSR)
  • Institutional
  • Others

Restaurant POS Terminals Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America
  • Europe
  • Asia Pacic
  • Latin America
  • Middle East & Africa

Market Share Insights

August 2020 - TouchBistro acquired TableUp, a Boston-based loyalty and marketing solutions provider to integrate TableUp solution in its POS restaurant management platform.

April 2020 - TouchBistro unveiled “Restaurant Recovery Navigator” as a go-to information source that will help restaurateurs plan their business amidst the pandemic that affects their future growth. The companies also focused on providing a product with additional features at affordable prices.  

Key Companies profiled:

Some prominent players in the global Restaurant Point-of-Sale Terminal market include

  • PAX Technology Limited
  • Verifone Systems Inc.
  • NCR Corporation
  • Revel Systems
  • Aireus Inc.
  • Dinerware, Inc.
  • Posist
  • EposNow
  • LimeTray
  • POSsible POS
  • Oracle Corporation
  • Posera
  • ShopKeep (acquired by LightSpeed)
  • Squirrel Systems
  • TouchBistro
  • Upserve, Inc.

Order a free sample PDF of the Restaurant Point-of-Sale Terminal Market Intelligence Study, published by Grand View Research.

Powered Air Purifying Respirators Market Dynamics, SWOT Analysis and Competitive Insights till 2022 -2030.

The global powered air purifying respirators market size was estimated at USD 2.39 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2030. The industry growth is expected to be driven by the emergence of various infectious biohazards and the recent outbreak of the COVID-19 pandemic. Due to the pandemic, the use of these products by doctors and healthcare workers has increased as they offer maximum protection from corona virus as compared to reusable elastomeric half-face piece respirators and N95 FFRs. From the beginning of 2021, all the business started their operations normally, due to which, the demand for powered air purifying respirator (PAPR) increased from various industries, such as oil & gas, petrochemical, industrial, and others.

Gather more insights about the market drivers, restrains and growth of the Global Powered Air Purifying Respirators market

With the rising number of COVID-19 cases, healthcare workers are at a high risk of contracting respiratory illnesses during checkups and operations of patients, which is expected to boost the demand for these products in the U.S. Stringent regulatory norms regarding employee health and safety in high-risk activities in the U.S. are expected to boost the market growth over the forecast period. A growing number of large-scale infrastructure investments, including hotels and medical hospital projects in New York, Missouri, and Los Angeles, are expected to drive the market. Growing demand for floor space expansion in various industries has led to an increase in construction and renovation projects in the country. Thus, the growing construction industry is expected to have a positive impact on product demand.

PAPR production is highly capital-intensive due to the high costs of raw materials and complex manufacturing processes. Major raw material suppliers & material manufacturers have integrated along the value chain to develop these products and accessories in a cost-efficient manner. Initial capital investment is high, and this is expected to be an entry barrier for new market participants. A complex manufacturing process, coupled with the need to fulfill safety requirements, is a major challenge in this industry. PAPRs that fail to comply with safety standards will not be available for commercial sales. Any loopholes in the manufacturing process would lead to the rejection of the product due to stringent norms. This can be a major challenge for the market.

Browse through Grand View Research's Smart Textiles Industry Research Reports.

Face Shields Market - The global face shields market size was valued at USD 1.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 15.0% from 2020 to 2027. Rising awareness about healthcare-associated infections, along with the growing cases of Covid-19 across the globe, has resulted in augmenting the demand for face shields.

Mesoporous Silica Market - The global mesoporous silica market size was valued at USD 140.6 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2020 to 2027. Rising product penetration in different application industries, such as chemicals, wastewater treatment, and pharmaceuticals, drives the market..

Powered Air Purifying Respirators Market Segmentation

Grand View Research has segmented the global powered air purifying respirators market on the basis of product, application, and region:

PAPR Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Half Mask
  • Full Face Mask
  • Helmets, Hoods & Visors

PAPR Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Oil & Gas
  • Metal Fabrication
  • Agricultural
  • Food & Beverage
  • Fire Services
  • Petrochemical/Chemical
  • Industrial
  • Pharmaceuticals
  • Healthcare
  • Mining
  • Others

PAPR Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacic
  • Central & South America
  • Middle East & Africa

Market Share Insights

July 2020 - Gentex Corp. acquired Aero Parts Australia Ltd. (APA), a supplier of military equipment, commercial air, and life support, in New Zealand and Australia. This acquisition will further enable Gentex to cater to its customers in the aforementioned countries.

August 2019 - Optrel AG launched the e3000X PAPR system, which protects workers from particles, such as smoke, aerosols, or dust. 

Key Companies profiled:

Some prominent players in the global Powered Air Purifying Respirators market include

  • 3M
  • Avon Rubber PLC
  • Bullard
  • ILC Dover
  • Honeywell International, Inc.
  • Dragerwerk AG & Co. KGaA
  • Optrel AG
  • Mine Safety Appliances (MSA) Company
  • Kimberly-Clark Corporation
  • Sundstrom Safety AB

Order a free sample PDF of the Powered Air Purifying Respirators Market Intelligence Study, published by Grand View Research.

Wax Market Growth and Forecast, 2022 -2030.

The global wax market size was valued at USD 9.8 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The demand for the product is anticipated to be driven by the growing demand in various industries because of its superior properties such as high gloss, good water repellency, and outstanding chemical resistance. The market is highly competitive in nature owing to the major involvement of multinationals in constant capacity expansion and product diversification and innovation. To sustain in this competitive market type, companies are undergoing several strategic planning and execution programs to increase their operational efficiency and increase market presence globally.

Gather more insights about the market drivers, restrains and growth of the Global Wax market

Wax finds major applications in coating and printing formulations. It is highly utilized in paint, coating, and printing ink industries owing to its features scratch as mark and scratch resistance, rub resistance, and water repellency. It is applied as an additive to a variety of inks including letterpress, lithographic, gravure, and flexographic. Other functions of wax in the coating and ink industry include in blockage, improvement in friction, anti-setting, and anti-sagging.

Waxes are the members of organic compounds that are malleable and hydrophobic solids at ambient temperatures. It includes lipids and higher alkanes that are insoluble in water but are soluble in nonpolar, organic solvents. Various wax products including mineral, natural, and synthetic wax are produced from petroleum-based products such as base oil and natural gas, chemicals such as polyethylene, and plants and animals.

Browse through Grand View Research's Petrochemicals Industry Research Reports.

Noble Gas Market - The global noble gas market size was valued at USD 2.47 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. Increasing application areas for noble gases in the healthcare and industrial sectors and supportive government policies are expected to boost the market growth.

Succinic Acid Market - The global succinic acid market size was valued at USD 222.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2030. The growth is attributed to the increasing usage of Succinic Acid (SA) in the pharmaceutical industry and the construction and infrastructure development activities. It is produced from petroleum and bio-based sources.  

Wax Market Segmentation

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

Wax Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Mineral Wax

Synthetic Wax

Natural Wax

Wax Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Candles

Packaging

Plastic & Rubber

Pharmaceuticals

Cosmetics & Toiletries

Fire Logs

Adhesives

Others

Wax Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacic

Central & South America

Middle East & Africa

Market Share Insights

May 2022 - ExxonMobil said it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices.

April 2022 - Sasol ecoFT has signed a letter of intent with SollefteÃ¥ municipality in collaboration with Sweden's energy company Uniper, to investigate the possibility of establishing an industry-scale production facility for sustainable aviation fuel.

Key Companies profiled:

Some prominent players in the global Wax market include

  • Sinopec Corp
  • China National Petroleum Corporation
  • HollyFrontier Corporation
  • BP P.L.C
  • Nippon Seiro Co., Ltd
  • Baker Hughes Company
  • Exxon Mobil Corporation
  • Sasol Limited
  • The International Group, Inc.
  • Evonik Industries AG
  • BASF SE
  • Dow
  • Honeywell International Inc.
  • Royal Dutch Shell P.L.C
  • Mitsui Chemicals, Inc.

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

Digital Pathology Market Trends And Industry Size, Forecasts Till, 2022 -2030

The global digital pathology market size was valued at USD 926.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. Increased focus on improving workflow efficiency and demand for faster diagnostic tools for chronic diseases, such as cancer, have been key factors driving the market. The rising prevalence of chronic conditions is anticipated to surge clinical urgency to adopt digital pathology to improve the existing patient diagnostic imaging measures and to reduce the high cost associated with conventional diagnostics. In addition, the increasing geriatric population that is susceptible to chronic conditions is also expected to boost the demand for technologically advanced diagnostic techniques.

According to a study published in Medscape, chronic diseases can be attributed to the high mortality rate. Owing to the high prevalence of Cardiovascular Diseases (CVDs), it becomes imperative to opt for advanced diagnostic and imaging alternatives. The novel coronavirus is having a significant economic impact on most sectors, including the healthcare industry. Government bodies all over the world are responding to the threat of COVID-19 with essential measures, such as nationwide lockdowns, social distancing, and large-scale quarantine, to reduce the spread of the virus. The pandemic created a major growth opportunity for digital pathology.

On March 26, 2020, CMS waived off the stringent regulation pertinent to remote diagnosis temporarily and allowed remote sign-out of pathology cases using digital pathology equipment. During the pandemic, the U.S. FDA’s Center for Devices and Radiological Health released an enforcement policy for remote digital pathology devices intended for pathologists, industry, clinical laboratories, drug administration staff, and healthcare facilities. The document provides a policy framework to expand the availability of remote digital pathology devices during the pandemic. Supportive regulations are anticipated to impact the market positively in the coming few years.

Gather more insights about the market drivers, restrains and growth of the Global Digital Pathology market

Rapid technological advancements in digital pathology systems are also expected to contribute to market growth. Advancements, such as digital imaging, computerization, robotic light microscopy, and multiple fiber optic communications, are also contributing to the growth. Whole slide imaging is one such technique that has various advantages over conventional light microscopes, which is expected to provide this market with lucrative opportunities. The adoption of AI in healthcare is growing with a rising focus on improving the quality of patient care by utilizing AI in various aspects of healthcare services, such as pathological diagnosis.

The AI-based tools, such as clinical decision support systems, aid in streamlining workflow processes in hospitals and improving medical care, thereby enhancing the patient experience. In October 2021, Roche proclaimed that it has entered a contract with PathAI, a global frontrunner in AI-powered technology for pathology. Under this development and distribution contract, the corporations will jointly develop an embedded image analysis workflow for pathologists. This partnership is expected to bring together all of the components required to deliver and commercialize a distinguished AI-based digital pathology medical device comprising a scanner, assay, image management system, and algorithm.

The rising need for collaborations between researchers and growing digital documentation across all scientific disciplines are leading to increased adoption. Increasing penetration of healthcare IT solutions is further boosting the demand for digital pathology solutions. A rising number of organizations are adopting these solutions to decrease costs, reduce resource bottlenecks, automate processes, and share content effectively. In addition, advancements, such as microarrays and the incorporation of a wide range of predictive models, such as hybrid models and API algorithms, are expected to fuel the demand for digital image analysis.

Rising preference for computer-aided diagnosis that integrates image processing, physics, mathematics, & computing algorithms, facilitates efficient disease detection, and helps evaluate anatomic structures of interest & quantification of disease progression, as well as risk assessment, will boost the market growth. Companies, such as Olympus, are offering a wide range of tools for remote slide sharing and image processing, which is expected to fuel market growth over the coming years. In April 2020, Leica Biosystems received FDA approval for Aperio AT2 DX Scanner and Aperio WebViewer for remote diagnosis during the pandemic. Phillips also received FDA clearance for its IntelliSite Pathology Solution for remote diagnosis during this emergency.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

Contact Tracing Technology Market - Contact tracing technologies are used to locate and isolate people suffering from infectious diseases to prevent a large-scale outbreak of any infectious diseases. These technologies can also aid in understanding virus transmission paths, assess outbreak trends, and developing effective disease management strategies.

Personal Health Record Software Market - The global personal health record software market size was valued at USD 7.07 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% over the forecast period. Factors such as growing demand for centralizing & streamlining healthcare information, increasing demand for cloud-based software for dealing with individual data  

Digital Pathology Market Segmentation

Grand View Research has segmented the global digital pathology market on the basis of the product, application, end-use, and region:

Digital Pathology Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Software
  • Device

o   Scanners

o   Slide Management System

  • Storage System

Digital Pathology Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Drug Discovery & Development
  • Academic Research
  • Disease Diagnosis

o   Cancer Cell Detection

o   Others

Digital Pathology End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals
  • Diagnostic Labs
  • Biotech & Pharma Companies
  • Academic & Research Institutes

Digital Pathology Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

o   U.S.

o   Canada

  • Europe

o   U.K.

o   Germany

o   France

o   Italy

o   Russia

o   Spain

o   The Netherlands

o   Switzerland

o   Sweden

  • Asia Pacific

o   Japan

o   China

o   India

o   Indonesia

o   Thailand

o   Australia

o   South Korea

o   Philippines

o   Malaysia

o   Singapore

  • Latin America

o   Mexico

o   Brazil

o   Argentina

  • MEA

o   South Africa

o   Saudi Arabia

o   Turkey

o   Iran

o   UAE

o   Israel

Market Share Insights

March 2020 - CMS waived off the stringent regulation pertinent to remote diagnosis temporarily and allowed remote sign-out of pathology cases using digital pathology equipment. During the pandemic, the U.S. FDA’s Center for Devices and Radiological Health released an enforcement policy for remote digital pathology devices intended for pathologists, industry, clinical laboratories, drug administration staff, and healthcare facilities.

October 2021 - Roche proclaimed that it has entered a contract with PathAI, a global frontrunner in AI-powered technology for pathology. Under this development and distribution contract, the corporations will jointly develop an embedded image analysis workflow for pathologists.

Key Companies profiled:

Some prominent players in the global Digital Pathology market include

  • Leica Biosystems (Danaher)
  • Hamamatsu Photonics, Inc.
  • Koninklijke Philips N.V.
  • Olympus Corp.
  • F. Hoffmann-La Roche Ltd.
  • Mikroscan Technologies
  • Inspirata, Inc.
  • 3DHISTECH Ltd.
  • Visiopharm A/S
  • Huron Technologies International, Inc.
  • ContextVision AB

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

Bioanalytical Testing Services Market Dynamics, SWOT Analysis and Competitive Insights till 2022 -2030.

The global bioanalytical testing services market size was estimated at USD 3.64 billion in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 8.6% over the forecast period. The bioanalytical testing method is used for the quantitative determination of drugs or metabolites in biological matrices, such as serum, blood, plasma, tissue, urine, and skin samples. The applications of such methods are bioavailability, pharmacology, bioequivalence, pharmacokinetic, and toxicology studies conducted in humans and animals. Also, with the outbreak of the COVID-19 pandemic, the market has witnessed high demand in the year 2020.

Moreover, the increasing frequency of outsourcing R&D activities by the major pharmaceutical companies to focus on their core competencies is the vital impact rendering driver for this market. Furthermore, the economic efficiency offered by outsourcing rather than conducting an in-house study is expected to boost the demand over the forecast period. Innovation and new product development are expected to further boost the demand for these services. Competitive pressure and pricing concerns are driving companies to outsource such services. This, in turn, is expected to augment the overall market growth.

Gather more insights about the market drivers, restrains and growth of the Global Bioanalytical Testing Services market

In addition, a growing focus on the development of advanced bioanalytical technologies for enhanced testing is expected to contribute to market growth. The development of biosimilars, combination products, and other innovative medicines has increased the demand for specific testing procedures. The coronavirus pandemic has resulted in disruptions in the supply chain of the overall pharmaceutical industry. However, the market for bioanalytical testing services responded well to the outbreak. The pandemic resulted in the expansion of R&D and manufacturing operations of key stakeholders leading to a surge in demand for these services.

Furthermore, several biopharmaceutical companies are using bioanalytical testing outsourcing services for drug development and validation of assays at both clinical and preclinical stages, thus supporting the growth of the market. The global transmission of coronavirus disease and the lack of effective treatments and vaccines are driving the need for early detection and widespread screening. This has also increased the usage of bioanalytical testing services for point-of-care diagnostic and minimizing the societal impact of the infection.

For instance, in January 2021, Eurofin’s bioanalytical services division announced the launch of a surrogate virus neutralization antibody assay against the COVID-19 virus. This assay is the first neutralizing antibody serology test authorized by the FDA as Emergency Use Authorization (EUA) for SARS-CoV-2-virus. Hence, such novel initiatives have led to the significant growth of the market during the year 2020. The market is further anticipated to witness lucrative growth over the forecast period owing to a significant surge in demand for such services post-pandemic.

Browse through Grand View Research's Pharmaceuticals Industry Research Reports.

Europe Medical Foods Market - The Europe medical foods market size was valued at USD 5.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2030. The rise in the prevalence of chronic diseases, the rapidly growing geriatric population, and governmental authorities focusing on reducing malnutrition are key factors responsible for the growth of the medical foods market.

Branded Generics Market - The global branded generics market size was estimated at USD 229.06 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2030. The rising prevalence of chronic diseases, increasing penetration of branded generic drugs, increasing government initiatives to promote generic products, and patent expiry of major drugs are some of the primary industry growth drivers.

Bioanalytical Testing Services Market Segmentation

Grand View Research has segmented the global bioanalytical testing services market based on molecule, test, workflow, and region:

Bioanalytical Testing Services Molecule Outlook (Revenue, USD Billion, 2018 - 2030)

  • Small Molecule
  • Large Molecule

o   LC-MS Studies

o   Immunoassays

o   PK

o   ADA

o   Others

         Others

Bioanalytical Testing Services Test Outlook (Revenue, USD Billion, 2018 - 2030)

  • ADME

o   In-Vivo

o   In-Vitro

  • PK
  • PD
  • Bioavailability
  • Bioequivalence
  • Others

Bioanalytical Testing Services Workflow Outlook (Revenue, USD Billion, 2018 - 2030)

  • Sample Preparation

o   Protein Precipitation

o   Liquid-Liquid Extraction

o   Solid Phase Extraction

  • Sample Analysis

o   Hyphenated Technique

o   Chromatographic Technique

o   Electrophoresis

o   Ligand Binding Assay

o   Mass Spectrometry

o   Nuclear Magnetic Resonance

  • Other Workflow Processes

Bioanalytical Testing Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

o   U.S.

o   Canada

  • Europe

o   France

o   U.K.

o   Germany

o   Italy

o   Spain

o   The Netherlands

o   Switzerland

o   Sweden

  • Asia Pacific

o   Japan

o   China

o   India

o   Indonesia

o   Malaysia

o   Singapore

o   South Korea

o   Thailand

o   Taiwan

o   Australia

  • Latin America

o   Brazil

o   Mexico

o   Argentina

o   Colombia

  • Middle East & Africa

o   South Africa

o   Saudi Arabia

o   UAE

o   Israel

Market Share Insights

January 2021 - The number was around 20.5 million. However, the impact of COVID-19 reduced significantly by the end of 2020 in most countries. Whereas in some countries affected by the third wave of COVID-19, the effect lasted until the third quarter of 2021.

July 2020 - Takeda Pharmaceutical Company Limited entered into a joint venture with Teva Pharmaceutical Industries Ltd. to focus on the commercialization of complex generics, specialty assets, and other pipeline opportunities.

Key Companies profiled:

Some prominent players in the global Bioanalytical Testing Services market include

  • PPD, Inc.
  • ICON Plc
  • Charles River Laboratories International
  • Covance, Inc.
  • IQVIA
  • Syneos Health
  • SGS SA
  • Toxikon
  • Intertek Group Plc
  • Pace Analytical Services LLC

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