Category: Uncategorised

Laboratory Proficiency Testing Market Growth & Trends

The global laboratory proficiency testing market size is expected to reach USD 2.13 billion by 2030, expanding at a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. End-use industries, such as healthcare, environmental, food, and pharmaceuticals, are subject to strict regulatory requirements and accreditation standards, which is anticipated to drive the demand for laboratory proficiency testing in the coming years. Moreover, participating in proficiency testing programs helps laboratories demonstrate compliance with these standards and regulatory bodies, ensuring the accuracy and reliability of their evaluating procedures, thereby contributing to the growth of the overall market.

Accurate test service is vital for product quality, safety, and public health. Proficiency testing enables laboratories to identify and address any shortcomings in their evaluating processes, reducing the risk of producing unreliable data. For instance, in November 2022, KD Pharma Bexbach’s Quality Control team based in Germany secured the top position in the prestigious AOCS Laboratory Proficiency Program for GOED Nutraceutical Oils. This highlights its exemplarycompetence in laboratory evaluation, showcasing its commitment to quality control and industry standards. Thus, making PT more demandable leads to overall market growth. Favorable government initiatives to improve healthcare services, including diagnostics and other products, are increasing the adoption of PT in different end-use industries.

Access the Laboratory Proficiency Testing Market Size, Share & Trends Analysis Report By Industry (Clinical Diagnostics, Cannabis), By Technology (Cell Culture, PCR), By End-use (CROs, Hospitals), By Region, And Segment Forecasts, 2024 – 2030

For instance, laboratory standards of practice, such as the Cannabis Laboratory Accreditation Program (CanNaLAP), specify the importance of proficiency testing and provide information regarding the types of samples that should be used for testing and the results that should be considered. Furthermore, several cannabis production facilities are frequently inspected by state governments. Organizations, such as the American Council of Independent Laboratories (ACIL), collaborate with federal agencies to develop standards & protocols for handling, sampling, testing, and inspecting cannabis products. The key participants are engaged in strategies, such as agreements, mergers & acquisitions, partnerships, and launches, to expand their global footprints and product portfolio.

For instance,in February 2023, AOAC collaborated with Signature Science, LLC, to develop a PT program that addresses the need for quality microbiology competence in evaluating samples. Moreover, the increasing adoption of technologically advanced tests, such as PCR and chromatography for laboratory proficiency tests is further supporting the market growth. For instance, in October 2021, Biogenix Labs partnered with ADQCC to offer proficiency testing specifically for COVID-19 PCR tests. This collaboration aims to ensure the accuracy and reliability of COVID-19 PCR test results by providing laboratories with proficiency testing programs.

Laboratory Proficiency Testing Market Report Highlights

·        Based on industry, the clinical diagnostic segment held the largest revenue share in 2023 due to the widespread adoption of proficiency testing to keep clinical diagnostic test results reliable and high-quality

·        The cell culture technology segment held the largest revenue share in 2023 owing to its wide usage in identifying contagious microorganisms in different applications

·        The hospitals end-use segment dominated the market in 2023. However, the contract research organizations (CROs) segment is expected to register the fastest CAGR from 2024 to 2030 due to the increasing demand for outsourcing services in the healthcare sector

·        North America held the largest share of 43.78% in 2023 due to the presence of well-established players, developed pharmaceutical & diagnostics industries, and high adoption of laboratory proficiency test

·        Key players operating in the market constantly focus on product launches, partnerships, and geographical expansions to maintain their industry position

Order your free sample copy of “Laboratory Proficiency Testing Market Report 2024 – 2030, published by Grand View Research

Key Companies & Market Share Insights

·        Key market players are adopting market strategies, such as new product launches, collaborations, and geographical expansions, to increase their global footprint.

·        In April 2023, BIPEAunveiled PTS 110A, a new Proficiency Testing Scheme that enables testing laboratories to assess their analytical capabilities by analyzing a rice sample. This initiative can empower laboratories to evaluate and enhance their performance in rice sample analysis, driving excellence in the field.

·        In January 2023, BIPEA introduced a novel proficiency test in surface microbiology, expanding its range of offerings. This new test allows professionals in the field to enhance their expertise and proficiency in surface microbiology analysis.

Key Laboratory Proficiency Testing Companies:

·        LGC Limited

·        Bio-Rad Laboratories, Inc.

·        Randox Laboratories Ltd.

·        QACS – The Challenge Test Laboratory

·        Merck KGaA

·        Weqas

·        BIPEA

·        NSI Lab Solutions

·        Absolute Standards, Inc.

·        INSTAND

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About Grand View Research

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

Contact:

Sherry James

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Anti-money Laundering Market Growth & Trends

The global anti-money laundering market size is expected to reach USD 4.24 billion by 2030, registering a CAGR of 16.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing adoption of digital and mobile payments is driving the anti-money laundering market. The rise of e-commerce and mobile payments has created new possibilities for cybercriminals to launder money and finance terrorism. AML solutions need to be able to monitor and detect suspicious activity in these channels. This has led to the development of new anti-money laundering market solutions specifically designed for digital and mobile payments.

Moreover, the need for collaboration and information sharing between financial institutions and regulators is driving the anti-money laundering market growth. Financial crime is a global problem, and cybercriminals often operate across borders. Effective AML solutions require the cooperation of financial institutions and regulators across jurisdictions. This has led to the development of new information-sharing platforms and the adoption of common standards for anti-money laundering market compliance.

Access the Anti-money Laundering Market Size, Share, & Trends Analysis Report By Component, By Product, By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2024 – 2030

To combat money laundering and terrorism funding, government bodies worldwide have implemented laws and regulations. The Financial Action Task Force, an inter-governmental organization, supports countries in updating and establishing anti-money laundering laws. Since anti-money laundering laws differ from country to country, financial institutions need to comply with country-specific policies to avoid any legal issues. Adhering to these policies, financial institutions can establish a structured set of procedures to prevent unlawful funds from infiltrating their financial systems.

The COVID-19 pandemic has had a positive impact on anti-money laundering market. The pandemic has led to an increase in online transactions, which has created new opportunities for fraud and financial crime. AML solutions can help financial institutions monitor and detect fraudulent transactions in real-time, reducing the risk of financial crime during these uncertain times.

Anti-money Laundering Market Report Highlights

• The software segment led the market and accounted for 63.1% of the global revenue in 2023. The segment has witnessed significant growth due to the increasing adoption of cloud-based AML solutions, which offer greater scalability and flexibility than traditional on-premise solutions

• The transaction monitoring segment accounted for the largest market revenue share in 2023. The increasing regulatory requirements for financial institutions to implement transaction monitoring programs are driving the growth of the segment

• The cloud segment is expected to grow significantly from 2024 to 2030. The key attribute to the growth is that the cloud-based anti-money laundering solutions offer better security, as providers often have dedicated security teams and employ the latest security measures to protect against cyber threats

• The large enterprises segment accounted for the largest market revenue share in 2023. The high regulatory burden and potential legal consequences for non-compliance make anti-money laundering solutions critical for large enterprises to mitigate their risks and protect their reputation

• The BFSI segment accounted for the largest market revenue share in 2023. The BFSI sector is expected to continue to dominate the anti-money laundering market in the coming years due to the increasing number of partnerships and collaborations between financial institutions and market players to develop enhance solutions and expand the foothold in the anti-money laundering market

• The North America market dominated the global market and accounted for 29.2% in 2023. The presence of a well-established technological infrastructure in the region has made it easier for financial institutions to adopt anti-money laundering solutions.

Order your free sample copy of “Anti-money Laundering Market Report 2024 – 2030, published by Grand View Research

Key Anti-money Laundering Company Insights

Businesses are primarily focusing on offering on-premise software solutions to enterprises owing to security-related benefits. Moreover, the on-premise anti-money laundering solutions help businesses enhance their security level and thereby improve the satisfaction level of their customers.

Product launches are the new strategies adopted by the market players to expand their anti-money laundering offerings. This has helped businesses to develop efficient products and expand their sales across different geographies. For instance, in June 2023, Google Cloud launched an AI-powered Anti Money Laundering (AML) product designed to help financial institutions detect money laundering efficiently. The AML AI system utilized machine learning to enhance risk detection, reduce operational costs, and improve compliance by minimizing false positives. HSBC, one of the early adopters, reported detecting 2-4 times more suspicious activities while reducing alert volumes by over 60%. The product was implemented across various global jurisdictions, offering benefits such as increased accuracy and reduced investigation time.

Key Anti-money Laundering Companies:

The following are the leading companies in the anti-money laundering market. These companies collectively hold the largest market share and dictate industry trends.

• NICE Actimize
• Cognizant Technology Solutions Corporation
• Tata Consultancy Services Limited
• SAS Institute, Inc.
• ACI Worldwide, Inc.
• Oracle Corporation
• Fiserv, Inc.
• Accenture
• BAE Systems
• Experian Information Solutions, Inc.
• Open Text Corporation

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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Clinical Decision Support Systems Market Growth & Trends

The global clinical decision support systems market size is anticipated to reach USD 10.71 billion by 2030 and is projected to grow at a CAGR of 10.79% from 2024 to 2030, according to a new report by Grand View Research, Inc. Government initiatives aimed at promoting the adoption and integration of Clinical Decision Support Systems (CDSS) are expected to drive market growth by incentivizing hospitals and healthcare organizations to deploy such solutions. For example, in April 2023, the U.S. Department of Health and Human Services (HHS) revised certification program rules to encourage greater utilization of clinical decision support tools. Furthermore, advancements in AI and cloud-based CDSS technologies are projected to accelerate market expansion. The implementation of cloud-based computing to enhance CDSS platforms and database management is also anticipated to positively influence market growth in the forecast period.

Access the Clinical Decision Support Systems Market Size, Share & Trends Analysis Report By Product (Standalone CDSS, Integrated EHR With CDSS), By Application (Drug-Drug Interactions), By Delivery Mode, By Component, By Region, And Segment Forecasts, 2024 – 2030

During the COVID-19 pandemic, various government and community organizations initiated efforts to bolster the healthcare infrastructure. These initiatives ranged from setting up frontline clinics by state authorities to mobilizing volunteer panels of medical professionals and deploying private telemedicine platforms. Clinical Decision Support Systems (CDSS) proved indispensable during this crisis, assisting physicians in making informed decisions at the point of care.

Consequently, market participants capitalized on this opportunity to address challenges and support frontline healthcare providers. For example, in May 2022, epocrates, a subsidiary of athenahealth, Inc., enhanced its clinical decision support tools to better manage the challenges posed by the COVID-19 pandemic.

Furthermore, several companies are actively implementing strategies to enhance their clinical decision support systems (CDSS) offerings, consolidating their position in the market. For example, in February 2024, Elsevier Health collaborated with OpenEvidence, a prominent provider of AI solutions customized for the medical domain, to launch ClinicalKey AI in the U.S. This collaboration involved integrating advanced medical content with generative artificial intelligence (AI) to assist clinicians in patient-care interactions.

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Clinical Decision Support Systems Market Report Highlights

• Based on product, the standalone CDSS segment led the market with the largest revenue share of 30.85% in 2023, owing to its low cost. The segment is estimated to hold approximately 31.0% of the overall market by 2030

• Based on application, the drug allergy alerts segment led the market with the largest revenue share of 25.83% in 2023, owing to the rising burden of allergies

• Based on delivery mode, the on-premises segment held the market with the largest revenue share of 42.35% in 2023, owing to its high adoption rate by healthcare organizations

• Based on component, the services segment led the market with the largest revenue share of 42.49% in 2023, owing to high frequency of updating software and other maintenance services

• North America dominated the market with the revenue share of 43.76% in 2023, due to strong presence of market player and increasing government initiatives to promote efficient usage of clinical decision support tools

Key Clinical Decision Support Systems Company Insights

The global market is fairly competitive. These players are involved in new product launches, product innovations, acquisitions, and partnerships to gain a competitive edge over each other.

Key Clinical Decision Support Systems Companies:

The following are the leading companies in the clinical decision support systems market. These companies collectively hold the largest market share and dictate industry trends.

• McKesson Corporation
• Oracle (Cerner Corporation)
• Siemens Healthineers GmbH
• Allscripts Healthcare, LLC
• athenahealth, Inc.
• NextGen Healthcare Inc.
• Koninklijke Philips N.V
• IBM Corporation
• Agfa-Gevaert Group
• Wolters Kluwer N.V.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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Distributed Fiber Optic Sensor Market Growth & Trends

The global distributed fiber optic sensor market size is expected to reach USD 2.53 billion by 2030, expanding at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global industry is expected to grow exponentially over the forecast period. Factors, such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector, substantially boost the adoption of distributed fiber optic sensor (DFOS). Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion.

Access the Distributed Fiber Optic Sensor Market Size, Share & Trends Analysis Report By Application, By Technology (Rayleigh Effect, Brillouin Scattering), By Vertical (Oil & Gas, Power & Utility), By Region, And Segment Forecasts, 2024 – 2030

Thus, its capability to work in a challenging environment is another factor propelling the industry’s growth. Increasing demand for sophisticated infrastructure and rising per capita income is predicted to lead to industrial automation, urban mobility, and growth in high-end residential projects. Various governments are focusing on conserving their prevailing infrastructure and developing new ones. They are under constant pressure to provide the necessary infrastructure, amenities, and connectivity to people. This has resulted in increased spending on projects, such as roads, railways, and dams. This rapid growth in the advanced civil engineering vertical is expected to boost the DFOS market

The growing acceptance of DFOS has promoted manufacturers and suppliers to increase R&D expenditure to offer better products to their customers. Service providers are trying to regulate efficiencies and optimize their production process to capture maximum market share and eliminate all other substitutes of the fiber optics technology. The high production & installation price of DFOS products is promoting manufacturers to develop more competitively priced and reliable optic inspection products. Technological complexities, along with other challenges, raise the price of deploying fiber optics, which further hamper industry growth.

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Distributed Fiber Optic Sensor Market Report Highlights

·        The temperature sensing application segment dominated the industry in 2023. Temperature sensors find solicitations in the oil & gas and civil engineering segments

·        Suppliers and manufacturers of fiber optic equipment are looking forward to achieving higher bandwidth, 100 GBPS, by undertaking intense research activities

·        North America dominated the global industry and accounted for the largest revenue share in 2023

·        The growing demand for DFOS equipment can be attributed to the ever-growing demand for efficient and optimized processes, across enterprises and manufacturing sectors

Key Distributed Fiber Optic Sensor Company Insights

Key distributed fiber optic companies include Halliburton, Schlumberger Limited, Yokogawa Electric Corporation, and OFS Fitel, LLC. Rising R&D activities and increasing investments made by service providers to accelerate innovation and provide better service offerings offer an impetus to market growth. This has helped users engage in data-driven decision-making and closely administer machine systems to mitigate potential risks. Furthermore, service providers are also engaging in partnerships and collaborations to drive business practices and enhance revenue generation. For instance, in March 2023, Yokogawa Electric and Otsuka Chemical announced the formation of Syncrest Inc. This joint company would function as a contract R&D and production organization for middle molecular medicines.

Key Distributed Fiber Optic Sensor Companies:

·        Halliburton

·        Schlumberger Limited

·        Yokogawa Electric Corporation

·        OFS Fitel, LLC

·        Qinetiq Group PLC

·        Omnisens SA

·        Brugg Kable AG

·        Luna Innovations Incorporated

·        AP Sensing GmbH

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Composites Market Growth and Trends

The global composites market size is expected to reach USD 163.97 billion by 2030, registering a CAGR of 7.2% over the forecast period,according to a new report by Grand View Research, Inc. The demand for composites is expected to witness significant growth owing to the rising fuel prices and stringent government regulations have shifted automobile manufacturers focus on light-weighted components which would further propel the market demand over the forecast period.

Composite products play an essential role in the manufacturing of automotive and aircraft parts. The growing concerns regarding fuel consumption and CO2 emission levels have prompted the manufacturers to use carbon fiber composite materials as substitutes for metal components. Technological innovations to minimize the manufacturing cycle time is expected to propel the usage of composites in the automotive sector.

Access the Composites Market Size, Share & Trends Analysis Report By Product Type (Carbon Fiber, Glass Fiber), By Manufacturing Process (Layup, Filament, Injection Molding, Pultrusion), By End-use, By Region And Segment Forecasts, 2023 – 2030

The high cost of composites has limited their application scope to premium segment cars. However, key players are conducting extensive R&D activities to develop low-cost composite grades with similar mechanical properties as that of the high-cost variants. This is expected to spur the demand for the product in the automotive industry over the forecast period.

Aerospace is one of the fastest-growing sectors in the global composites market. High-performance materials are required to be used in aircraft, rockets, satellites, and missiles in the aerospace industry. The consumption of composites in the aerospace industry is increasing owing to their lightweight and high rigidity. The U.S. and Europe are the key markets in the aerospace & defense sector with the demand being driven by aircraft manufacturers such as Boeing and Airbus.

Major players have established a strong distribution network and product brands in the global composites market. Companies such as Teijin Limited, Toray Industries, Owens Corning, and PPG Industries Inc. acquired a large share of the market globally. The ongoing research & development activities in the composites market present several growth and expansion opportunities to market players, which in turn are projected to positively influence the overall composites market.

Manufacturers are aiming to achieve optimum business growth and a strong market position through the implementation of various strategies such as integration, through acquisition, joint ventures, production capacity expansion, new product development, promotion of key product brands, and significant investments in research & development.

Order your free sample copy of “Composites Market Report 2023 – 2030, published by Grand View Research

Composites Market Report Highlights

• The glass fiber segment accounted for the largest market share in 2022 and is further expected to grow at a CAGR of 6.4% on account of increased penetration in pipe manufacturing applications owing to the strength and durability of these composites. Additionally, glass fiber comprises several thin that find application in building & construction, automotive, industrial, energy, and consumer goods

• The layup process segment is forecasted to grow at a CAGR of 9.0% by 2030. The market is again forecast to grow due to easier technology applications and the requirement of less expensive machinery. The process involves placing multiple layers of composite fiber in a sequence by using a matrix of resin and hardener

• The automotive & transportation segment dominated the composites market with a revenue share of USD 19.70 billion in 2022. This is attributed to its advantages such as fuel saving to the transportation sector as the components are significantly lighter in weight that allows ascending fuel efficiency

• The demand for composites in Asia Pacific was the largest in the global market due to the increase in air passenger traffic, rise in automotive vehicle production, and ambitious electrical & electronics production capacity addition targets set by various governments in the Asia Pacific including China, India, Japan, and South Korea

• Various initiatives such as technology innovations, research & development, partnerships, and merger & acquisitions to manufacture cost-effective and lightweight composite products have been undertaken by the key market players. Prominent players have patented technologies used for composites manufacturing

Key Companies & Market Share Insights

The global composites market is characterized by the presence of a large number of players, with established players leading the market trends. The majority of these companies focus on forward integration by providing their products directly to end-users across different industry verticals. Some of these companies also use an established distribution and sales network to connect with their customers across regions easily.

The competitive rivalry among manufacturers of composites is high as the market is characterized by the presence of several global and regional players. High processing and manufacturing costs of composites are challenging the growth and profitability of composite manufacturers across the globe. Other than the high production cost, initial capital investment is anticipated to pose a challenge in the forecast period. Some prominent players in the composites market include:

• Teijin Ltd.
• Toray Industries, Inc.
• Owens Corning
• PPG Industries, Inc.
• Huntsman Corporation LLC
• SGL Group
• Hexcel Corporation
• DuPont
• Compagnie de Saint-Gobain S.A.
• Weyerhaeuser Company
• Momentive Performance Materials, Inc.
• Cytec Industries (Solvay, S.A.)
• China Jushi Co., Ltd.
• Kineco Limited
• Veplas Group

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Restorative Dentistry Market Growth & Trends

The global restorative dentistry market size is anticipated to reach USD 36.2 billion by 2030, expanding at a CAGR of 8.7% in the forecast period, according to the new report of Grand View Research, Inc., The growth of the restorative dentistry market is attributed to the improved quality of services offered and the availability of large patient pool. Moreover, innovation in implants & prosthetics, increasing demand for cosmetic dentistry, and growth of dental tourism is expected to fuel market growth in the forecast period.

The COVID-19 pandemic has adversely affected the dental market in 2020. According to the WHO guidelines, viral infection mainly spreads through the eyes, nose, and mouth which makes it difficult for the dentist to operate on patients during such times. Routine cleaning, orthodontic procedures, preventive therapies, and oral examinations that do not involve pain management were postponed during the COVID-19 pandemic thus negatively impacting the restorative dentistry market.

Access the Restorative Dentistry Market Size, Share & Trends Analysis Report By Product (Restorative Materials, Implants), By End-use (Dental Hospitals, Dental Labs, Research And Teaching Institutes), By Region, And Segment Forecasts, 2023 – 2030

Technological advancement such as guided tissue regeneration with CAM/CAD software solutions, computer-aided implant dentistry, and digital radiography has improved the accuracy of restorations. The new equipment and composite materials have attracted the patient for treatment and resulted in better health outcomes and higher satisfaction along with timeliness of dental treatment. Thus, advanced technology is anticipated to boost the restorative dentistry market.

The lack of reimbursement may affect the market. The reimbursement policies for the dental structure including restorative dentistry is limited. Patients must bear out-of-pocket expenditure that is included with dental procedures thus, patient mainly ignores and delay their dental treatments due to huge expenses. Dental procedures such as composite bonding, implants, and cosmetic contouring require highly skilled lab technicians and professionals. Thus, dental procedures are very costly in many countries. This factor may hamper the market growth.

Order your free sample copy of “Restorative Dentistry Market Report 2023 – 2030, published by Grand View Research

Restorative Dentistry Market Report Highlights

• By product, the restorative material segment held the largest market share in 2022 due to rising disposable income and growing awareness regarding the benefits of oral health

• Based on the end-use, dental hospitals and clinics had the highest market share in 2022 as the number of standalone clinics is expected to grow due to more dentists in emerging areas.

• Europe is expected to maintain its lead in the restorative dentistry market owing to technological advancements, an increase in patients opting for cosmetic procedures, and a rising oral disease burden in the restorative dentistry market

Key Companies & Market Share Insights

The major market players are strengthened due to service quality and expertise in carrying out complicated restorative dentistry procedures. There are very few companies manufacturing transplant devices, and others offer topical products like gels, serums, and lotions. For instance, Dentsply Sirona established a new strategic business unit lab “Dentsply Sirona Lab” for its lab customers. Some of the key players in the global restorative dentistry market are:

• 3M Company
• Dentsply Sirona
• Danaher Corporation
• Mitsui Chemicals, Inc.
• Institut Straumann AG
• Zimmer Biomet Holdings, Inc.
• Septodont Holding
• Ivoclar Vivadent AG
• COLTENE Holding AG
• GC Corporation

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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Surgical Microscopes Market Growth & Trends

The global surgical microscopes market size was valued at USD 2.9 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 11.56% from 2024 to 2030. With the advent of surgical microscopes, it became easier for surgeons to perform such procedures more accurately in less time. In addition, the introduction of technologically advanced products is driving the demand for surgical microscopes as they are more precise, offer better illumination sources, and provide options for customization and technology integration based on the complexity of the procedures.

Emerging technologies such as wide-angle illumination, Red Reflex illumination, automation and augmented reality microscopy are expected to boost the market growth. International players like Carl Zeiss Meditec AG and Leica Microsystems are contributing to the market by providing highly advanced, automated, and robotic surgical microscopes for more precision.

Access the Surgical Microscopes Market Size, Share & Trends Analysis Report By Type (On Casters, Wall Mounted, Tabletop), By Application, By End Use, By Region, And Segment Forecasts, 2024 – 2030

In response to the COVID-19 pandemic, hospitals decided to suspend all the elective and non-urgent surgeries, which has negatively impacted the market. However, with the ease of restrictions, treatments are resuming in many countries, including developing nations. Also, many companies, such as Alcon and Carl Zeiss, have resumed their business operations with the given government guidelines to deliver their orders.

Surgical Microscopes Market Report Highlights

On casters was the largest type segment in 2022 due to the high portability & flexibility and low maintenance requirements of these tools. Moreover, the segment is expected to register the fastest growth over the forecast period due to the high use of casters microscope in various surgical fields

The ophthalmology application segment accounted for the maximum revenue share in 2022. However, the ENT surgery segment is expected to register the fastest CAGR from 2023 to 2030. According to data published by The Children’s Hospital of Philadelphia, tympanostomy tube insertion surgery, also known as ear tube surgery, is the most commonly performed surgery in children in the U.S. More than 4,000 ear tube surgeries are performed each year at the hospital. Thus, an increasing number of ENT procedures is likely to favor segment growth

Carl Zeiss Meditec AG and Leica Microsystems (Danaher Corporation) are the major players in the surgical microscopes market. Launch of new products, acquisitions, and geographic expansion are some of the strategies being adopted by key players in the market. In February 2019, Danaher Corporation acquired the Biopharma business of GE Healthcare, which also includes microscopy products the company

Manufacturers such as Alcon, Nikon, and Carl Zeiss reported the decreases in the revenue in the second quarter of the year 2020 due to the impact of the COVID-19 pandemic which affected the supply chain of most of the companies. Currently, most of the companies have resumed their business and are delivering orders within the given guidelines pertaining to the COVID-19 pandemic

Order your free sample copy of “Surgical Microscopes Market Report 2024 – 2030, published by Grand View Research

Recent Developments:

• In June 2023, Olympus Corporation established a range of digital excellence centres (DRCs) followed by the acquisition of Odin Vision. This resulted in the development of AI-based diagnosis, and treatment for chronic diseases with the use of surgical microscopes for improving medical specialties like endoscopy.

• In December 2022, Leica Microsystems partnered with Applied Scientific Instrumentation (ASI) to commercialize customized surgical microscopes for advanced users.

• In October 2022, Synaptive Medical Inc. collaborated with Panaxium SAS to produce real-time, high resolution, and AI-based cortical mapping for neurosurgeons. This development included advanced AI and imaging technology for the use of surgical microscopes in neurosurgery.

• In May 2022, Takagi Seiko Co. Ltd announced the launch of a Flat Base OM 6, and a 2ZL BG Slit Lamp Microscope. Both these are beneficial for recording surgical images, and in the conduction of ophthalmic surgeries.

• In April 2022, Carl Zeiss Meditec AG declared its acquisition of two surgical instrument manufacturers- Katalyst Surgical LLC, and Kogent Surgical LLC. The purpose was to expand its position as a solution provider of surgical microscopes in the medical technology sector.

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About Grand View Research

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

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Revenue Assurance Market Growth & Trends

The global revenue assurance market size is projected to reach USD 12.14 billion by 2030, expanding at a CAGR of 11.5% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. Revenue assurance is a prime factor that upholds operators’ margins. It mainly focuses on the important areas such as detecting leakage of revenues, correcting, or fixing the issue and then ensuring that changes are made to avoid recurring issues. It is imperative for operators to assess the complete lifecycle of capturing and identifying data leakages and recovering them to prevent revenue loss and establish a building block for fee or income transparency.

The telecommunication industry has undergone a rapid evolution. Technological advancements in regards with artificial intelligence (AI) capabilities, 5G networks, and IoT have mainly been led by the need to offer tailored services and applications effortlessly to users in a pervasive manner. Significant changes are expected to take place in existing telecommunications networks and service infrastructure for offering new and converged services across the heterogeneous access networks to a wide range of end users. For instance, changes in voice calling and networks have exposed many carriers to revenue losses. The deficiency of quality arises from concerns such as call routing across multiple networks. Poor or inadequate call quality compromises the customer experience and revenue is often delayed through inter-carrier differences over fair charges and the service quality delivered. This transformation in itself is a huge challenge for operators since they need to safeguard their unique and evolving infrastructure from fraud and revenue assurance threats.

Access the Revenue Assurance Market Size, Share & Trends Analysis Report By Component (Software, Services), By Deployment Model (On-premise, Cloud), By End-use, By Region, And Segment Forecasts, 2023 – 2030

Growing business complexities are expected to catapult the demand for revenue assurance solutions and services over the forecast period. An increase in complication of networks and services, coupled with rising usage of technology by fraudsters, is also expected to boost the demand for revenue assurance over the forecast period. The revenue streams processes have become complex due to rising number of participants and types of services being offered. Despite the improved technology infrastructure, revenue leakage occurs at several points alongside the revenue flow and are possibly very significant.

Nevertheless, lack of organizational empowerment and shortage of skilled personnel may pose a challenge to market growth. End-use industries often lack their responsibility towards empowering their resources and refuse to spend extra in investing in revenue assurance solutions and services, which is expected to restrain the demand in the years to come. Additionally, with millions of subscribers, a range of new and innovative products, customized solutions, operational support services, including order fulfillment, service configuration, billing, and customer care, are becoming complex. Hence, the cost of handling these operations requires skilled resources, thereby increasing the financial overhead. Lack of emphasis on change frequently leads to severe instances, which have a financial impact like unexpected revenue leakages that affect billing due to changes in the network, particularly if risk management activity is absent or weak. This is further projected to pose a challenge to market growth.

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Revenue Assurance Market Report Highlights

• The software segment accounted for the largest revenue share of 63.1% in 2022. It is attributed to the availability of highly flexible and innovative revenue assurance software.

• The cloud segment accounted for the largest revenue share of 52.0% in 2022 and is expected to expand at the fastest CAGR over the forecast period.

• The telecom segment held the largest revenue share of 36.6% in 2022 and is expected to expand at the fastest CAGR over the forecast period.

• North America dominated the market and accounted for the largest revenue share of 30.5% in 2022.

Key Companies & Market Share Insights

The presence of both large-scale and medium-scale revenue assurance providers has characterized the market. These companies are aggressively investing in R&D activities to develop innovative components to sustain their presence in the market. For instance, in February 2023, Mobileum, a telecom analytics components provider, announced its Active Intelligence Platform (AIP), a cloud-native big data component created to gather and analyze a growing volume, velocity, and diversity of complex data streams produced by Communication Service Provider (CSP) networks.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Cleanroom Technology Market Growth & Trends

The global cleanroom technology market size is expected to reach USD 10.82 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.8% from 2023 to 2030.

Cleanroom technology refers to a collection of specialized techniques, tools, and facilities to maintain an atmosphere with regulated levels of airborne particles, pollutants, temperature, humidity, and other environmental characteristics. Cleanrooms are essential for maintaining the integrity and caliber of industrial processes in a variety of industries, including biotechnology, electronics, pharmaceuticals, and healthcare. Strict guidelines are followed in these environments, which control temperature, humidity, ventilation, and particle count to avoid contamination. Monitoring and control systems, air filtration devices, and sophisticated HVAC systems are essential parts of cleanroom technology. Employees working in cleanroom facilities are usually subject to stringent guidelines, which include wearing protective gear like protective clothing, gloves, and hoods to reduce the risk of contamination. Cleanroom technology has applications in everything from semiconductor manufacturing to sterile healthcare environments. It is constantly developing to meet the ever-stricter demands of contemporary industries and guarantees the production of high-quality, contamination-free products.

Access the Cleanroom Technology Market Size, Share & Trends Analysis Report By Product (Equipment, Consumables), By Cleanroom Type (Softwall, Hardwall, Rigidwall), By Service Type, By Industry Vertical, By Region, And Segment Forecasts, 2023 – 2030

Cleanroom technology is in high demand as the pharmaceutical and biotechnology industries work to preserve product quality and comply with stringent regulations. In addition, as nanotechnology and microfabrication techniques continue to progress, sectors such as electronics and semiconductor production are depending more and more on cleanroom facilities to guarantee the accuracy and dependability of their output. The move toward miniaturization is driving the need for more hygienic and regulated manufacturing settings. Global regulatory agencies are strengthening the standards for manufacturing procedures in vital industries. Companies may ensure product safety and quality by adhering to strict requirements proactively with cleanroom technology.

Technology breakthroughs and a growing focus on quality control in manufacturing processes are bringing about a revolutionary time for the cleanroom technology sector. Cleanroom technology demand is predicted to increase as industries attempt to reach the highest standards, offering attractive prospects for market players.

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Cleanroom Technology Market Report Highlights

• The market for cleanroom technology is expanding rapidly because of the growing need for production methods that eliminate contamination in a variety of industries, such as healthcare, biotechnology, electronics, and pharmaceuticals

• Industries are putting a greater emphasis on maintaining tight quality control procedures, which has resulted in an increase in the usage of cleanroom technology. In the biotechnology and pharmaceutical industries, where product sterility is crucial, the trend of cleanroom technology is especially noteworthy

• Based on product, the consumables segment dominated the market in 2022 with a revenue share of 55.7% and is anticipated to grow at a CAGR of 5.3% from 2023 to 2030

• Based on cleanroom type, the hardwall cleanroom segment dominated the market with a revenue share of 44.8% and it is projected to grow at the fastest CAGR of 6.5% over the forecast period

• The primary source markets for cleanroom technology are the U.S., China, Japan, India, the UK, Canada, Germany, France, Brazil, and Mexico. The U.S. is expected to be the primary source market for cleanroom technology companies. Stringent regulatory standards imposed by governing bodies worldwide are compelling industries across the U.S. to invest in cleanroom technology to comply with guidelines related to product quality, safety, and environmental control

Key Companies & Market Share Insights

The cleanroom technology industry is marked by the presence of both established players and emerging entrants, fostering healthy competition, and driving innovations in equipment, consumables, and services. The key players in the market include Advanced Technology Group, CIMTechniques (SmartScan Technologies), Cleanrooms By United, Angstrom Technology, Elsisan (YI-BA Engineering. Ltd. Sti.), HEMCO Corporation, Kojair Tech Oy, Spetec GmbH, Terra Universal Inc., and Thomas Scientific, among others. These market players are aggressively pursuing strategies such as new product development and mergers & acquisitions to gain a significant share of the global market.Contamination control is becoming increasingly important in the pharmaceutical, biotechnology, healthcare, and electronics industries.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Perimeter Security Market Growth & Trends

The global perimeter security market size is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems. Technological proliferation has led to the growth of smart cities and smart infrastructure. Owing to this, the implementation of security systems at commercial complexes, entertainment hubs, and public sites is on the rise. The integration of security systems with the internet and the latest mobile devices has made surveillance easier. The latest technology has also led to the introduction of infrared, microwave, radar, and seismic sensors.

Access the Perimeter Security Market Size, Share & Trends Analysis Report By System (Access Control Systems, Intrusion Detection Systems, Video Surveillance Systems), By Service, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The video surveillance systems segment is expected to register the fastest CAGR over the forecast period due to the large-scale investments in smart infrastructure projects by various nations. The global need to improve safety and security across many industries is considerably contributing to the market growth. In comparison to the preceding decade, the surveillance market has changed due to significant advances in cloud hosting and video surveillance software. The alarms & notification systems are expected to grow at a slow pace in the market over the forecast period. The maintenance & support systems are anticipated to witness the fastest growth over the next eight years. Perimeter security systems are expected to find major applications in the transportation end-use segment.

The growth in terrorist threat and cross-border intrusions has forced governments to enact strict regulations regarding national safety, leading to market expansion. The fast-paced development of smart cities and smart infrastructure in Europe and the U.S. is one of the key factors driving the market. The government increasingly favors installing various security systems in strategic sites. Technological development related to automation has accelerated the adoption of the latest methods, such as video analytics and aerial drones, to produce better results.

Order your free sample copy of “Perimeter Security Market Report 2023 – 2030, published by Grand View Research

Perimeter Security Market Report Highlights

• The system integration & consulting services segment dominated the market in 2022 and is estimated to generate high revenue by 2030.

• System integration & consulting services help businesses create opportunities to drive high performance and accelerate business innovation; thereby creating growth opportunities for the segment.

• The demand for perimeter security systems arises in the energy sector for securing power plants and protecting them against external threats and technology misuse, especially in nuclear power plants. In an attempt to enhance security, organizations install internet-based and automated security systems.

• Increasing concerns regarding public security & safety, growing demand for spy cameras, and rising adoption of IP cameras are driving the video surveillance systems segment.

• The Asia Pacific regional market is expected to witness the fastest CAGR during the forecast period due to the increasing infrastructure developments.

Key Companies & Market Share Insights

Key players are focusing on increasing their customer base to gain a competitive edge in the market and these players are adopting various strategic initiatives such as mergers and acquisitions, partnerships, integrating with other firms for particular technologies and new product development. In December 2021, Axis Communication AB released an open-source project for video authentication to ensure the integrity of surveillance videos. As its own version of open-source authentication software, the company has developed signed video that adds a cryptographic checksum to the video, which is then signed by the Axis device ID, proving that the video was created within a specific Axis camera. In November 2021, Bosch Building Technologies acquired Protec Fire and Security Group Ltd., a U.K.-based system integrator of security and fire alarm technology company. Through this acquisition, the company aimed to strengthen its business in Europe.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter