U.S. Faucet Market: Commercial Segment Dominated And Accounted For The Largest Revenue Share

U.S. Faucet Industry Overview

The U.S. faucet market size was valued at USD 3.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. The rapid growth of the bathroom fittings industry is presenting lucrative opportunities for faucets as a result of the rising demand for modernized bathrooms and kitchens. In addition, the increasing prominence of multi-functionality features on plumbing fixtures, with due importance given to aesthetic appeal is boosting demand for a variety of faucets. The need for water conservation measures is also resulting in the greater penetration of new and efficient faucets across applications.

With a nationwide shortage of housing and record-high home prices, more homeowners prefer to stay on their existing properties versus moving or upgrading to newer ones. Rapidly rising costs associated with home prices and mortgage rates are resulting in consumers increasingly investing in home improvement or home remodeling projects to revamp their traditional household structure. The growing home values have doubled the homeowner equity in the past five years since 2019. This indicates the trend of homeowners feeling richer, who are, therefore, more disposed toward spending on home improvement. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry was estimated at USD 383.3 million in 2017.


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U.S. Faucet market


The increasing growth rate of the industry across states is also indicating a surge in demand for home furnishings and fittings, which is expected to positively impact the growth of the market for faucets. According to the Leading Indicator for Remodeling Activity (LIRA), home improvement spending grew by 6.0% annually in 2019.

Faucets in the bathroom fittings segment have been undergoing a particularly modern transformation as an increasing number of U.S. consumers show an inclination for building luxurious bathroom settings to promote a spa-like experience at home. This ongoing demand for creating a modern and luxurious home is also the paving way for renovated kitchen settings, thereby fueling the demand for the product in kitchen applications. For instance, the Franke 3-in-1 faucet offered by Franke Kitchen Systems is designed to provide hot, cold, and distilled water to ensure the usage of pure and appropriate temperature water for various kitchen purposes.

Covid-19 has affected regions that are at the heart of many global supply chains. Wuhan is vital to many worldwide supply chains. While it has been a traditional base for manufacturing for decades, it has also become an area of advanced industrial change. Key industries comprise high technology (optoelectronic technology, pharmaceuticals, biology engineering, and environmental protection) and modern manufacturing (automotive, steel, and iron manufacturing). Concerns are growing over exhausting stock and companies worry that they will not convene contractual obligations on time. In the near time span, the cost of supplies from China is expected to surge, stemming from overtime and accelerated freight costs, along with paying premiums to buy up supply and hold capacity. Companies in the market are focusing on working via alternate sourcing approaches.

Nevertheless, most of the faucets manufactured by Kohler Co. that are marketed in the U.S. are manufactured in the U.S. at Kohler’s faucet manufacturing plant in Arkansas. The components and parts used in Kohler faucets were then manufactured mainly in the U.S. For the past few years, however, they have been manufactured in other countries, mainly in China and India. However, amidst the COVID-19 impact, the company is expected to resume its manufacturing facilities for faucet parts and components in the U.S. itself owing to logistics and supply chain disruptions.


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  • Faucet Market The global faucet market size was valued at USD 19.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030.
  • Plumbing Fixtures Market Increasing application of modern bathrooms and the kitchen at a global level is expected to drive the demand for plumbing fixtures in the coming years. This, in turn, is anticipated to have a strong impact on market growth.


U.S. Faucet Industry Segmentation

Grand View Research has segmented the U.S. faucet market on the basis of end-user, application, distribution channel, and region:

U.S. Faucet End-user Outlook (Revenue, USD Million, 2016 – 2028)

  • Residential
  • Commercial

U.S. Faucet Application Outlook (Revenue, USD Million, 2016 – 2028)

  • Kitchen
  • Bathroom
  • Others

U.S. Faucet Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)

  • E-commerce
  • Multi-brand Retailers
  • Local Plumbing Supply Stores

U.S. Faucet Regional Outlook (Revenue, USD Million, 2016 – 2028)

  • Northeast
  • Southwest
  • Midwest
  • West
  • Southeast


Market Share Insights:

  • January 2020: Delta Faucet Company launched its new collections and technologies at the 2020 Kitchen and Bath Industry Show (KBIS) in Las Vegas, United States.

Key Companies profiled:

Some prominent players in the U.S. Faucet Industry include

  • Kohler Co
  • Kraus, USA
  • American Standard Brands
  • GROHE America Inc.
  • Pfister
  • Delta Faucet Company
  • Moen Incorporated
  • AquaSource Faucet


Order a free sample PDFof the U.S. Faucet Market Intelligence Study, published by Grand View Research.


About Grand View Research

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


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Grand View Research, Inc.

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Household Cooking Appliance Market Players: Whirlpool Corporation, AB Electrolux, Haier Group, And Samsung

Household Cooking Appliance Industry Overview

The global household cooking appliance market size was valued at USD 261.22 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The increasing number of nuclear families, changing food habits, and the growing number of working women and single professionals are expected to drive the growth of the market over the forecast period. Stringent energy efficiency regulations applicable in different parts of the world, easy availability of household kitchen appliances on e-commerce websites, growing preference for home automation, and continued launches of smart cooking products are expected to contribute to the growth.

The rising need to reduce human intervention and automate cooking has triggered several innovations in household cooking appliances. As such, manufacturers are typically retaining the original mechanisms and integrating the latest technologies into the modern appliance as part of the efforts to encourage household consumers to replace their conventional cooking appliances with the modern cooking appliance. The demand for these cooking products is also growing as several individuals have started pursuing cooking as a hobby and are hence purchasing the latest appliances.

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The growing popularity of the smart home concept bodes well for the growth of the market over the forecast period. Advancements in technology have led to the introduction of innovative household cooking products that support connectivity and voice assistants and feature touch screens and built-in cameras. These Internet of Things (IoT)-enabled, smart cooking products can be monitored and controlled remotely over the internet using smartphones.

However, the high energy consumption levels associated with household cooking appliances have always been a major concern for household consumers. Hence, end-customers have started preferring household cooking appliances with an Energy Star rating. Certified appliances feature state-of-the-art technologies designed to reduce energy consumption. The consumer preference for cooking appliances that can potentially reduce energy consumption and simplify cooking is increasing gradually.

The outbreak of the COVID-19 pandemic took its toll on the market growth in early 2020 as a result of the temporary shutdowns of production plants, shortage of labor, and disrupted logistics operations. The challenges can be attributed to the stringent restrictions, including lockdowns, imposed by various governments worldwide to arrest the spread of the disease. As a result, market players had to confront dwindling sales initially. Nevertheless, as the governments relaxed some of the restrictions, online sales of household appliances particularly gained traction. Apart from e-commerce portals, the brick and mortar stores also resumed operations and the sales of cooking appliances increased as a majority of the people continued to work from home and spend most of their time in their households.


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  • Circuit Protection Market – The global circuit protection market size was valued at USD 45.43 billion in 2021 and is expected to advance at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The demand for connected devices is growing rapidly globally, along with skyrocketing electronic appliance sales in developing countries, resulting in high demand for circuit protection products for equipment safety, which is a major factor expected to drive the growth of the global market.
  • 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.

Household Cooking Appliance Market Segmentation

Grand View Research has segmented the global household cooking appliance market based on product, structure, distribution channel, and region:

Household Cooking Appliance Product Outlook (Revenue, USD Billion, 2016 – 2028)

  • Cooktops & Cooking Ranges
  • Ovens
  • Specialized Appliances

Household Cooking Appliance Structure Outlook (Revenue, USD Billion, 2016 – 2028)

  • Built-in
  • Freestanding

Household Cooking Appliance Distribution Channel Outlook (Revenue, USD Billion, 2016 – 2028)

  • Brick & Mortar
  • E-commerce

Household Cooking Appliance Region Outlook (Revenue, USD Billion; 2016 – 2028)

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

Key Companies profiled:

Some prominent players in the global Household Cooking Appliance market include

  • Whirlpool Corporation
  • AB Electrolux
  • Haier Group
  • Samsung
  • LG Electronics
  • Robert Bosch GmbH

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

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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Pay TV Market: Asia Pacific Region Is Expected To Emerge As The Fastest-Growing Region

Pay TV Industry Overview

The global pay TV market size was valued at USD 230.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) exceeding 1.7% from 2021 to 2028. The emerging demand amongst consumers to leverage better quality content with high picture resolution is offering promising growth opportunities to the market. One of the primary growth drivers of the market is the ability to access high-quality content from different service providers on a single platform at affordable prices. Moreover, pay TV service providers now offer several value-added services such as customizable channel subscriptions, reduced subscription rates, internet connectivity, and bundled packages according to the users’ needs and demands, thus offering profit generation opportunities to service providers.

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Service providers have started adopting integrated broadband broadcasting (IBB) systems to diversify their service offerings and facilitate better market penetration. The combination of broadcast and broadband technology has provided a potential advantage of delivering both efficient mass content delivery and personalized service. Moreover, the merger of Smart TV Alliance and HbbTV (Hybrid Broadcast Broadband TV) Association has enabled customers to view more TV applications along with enjoying better interactive experiences by accessing entertainment via their smart TVs or set-top-boxes. Additionally, smaller cable operators have started deploying HbbTV-based portals offering a wide variety of services on an HbbTV-equipped device.

The broadcasters have realized the importance of UHDTV services, which has enabled them to offer improved picture quality of the channels. The growing demand for UHD services is driven by the increased number of households with flat panel displays, able to present HD. Moreover, the pay TV provider investments in production lines and R&D are already sunk costs, and with the declining price levels, customers seem to be bound to adopt UHDTV services.

The widespread availability of broadband, high-speed internet, and powerful connected devices has enabled service providers to offer linear TV services and Video-on-Demand (VoD) anywhere and anytime. This has resulted in an emerging trend of downloading large videos such as specific TV shows or programs. Consumers are offered the ability to download choice content by pre-deciding the duration for content download and view these programs as and when needed, thus ensuring continual customer satisfaction and retention.


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  • Virtual Production Market – The global virtual production market size was valued at USD 1.60 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 17.8% from 2022 to 2030. Virtual production enables filmmakers to interactively visualize and explore digital scenes such as realistic virtual characters, three-dimensional graphics, and a real-time virtual interactive background environment within the studio.
  • Video Streaming Market – The global video streaming market size was valued at USD 59.14 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 21.3% from 2022 to 2030. Innovations such as blockchain technology and Artificial Intelligence (AI) are used to improve video quality.

Pay TV Market Segmentation

Grand View Research has segmented the global pay TV market based on technology and region:

Pay TV Technology Outlook (Subscribers, Million; Revenue, USD Billion, 2018 – 2028)

  • Cable TV
  • Satellite TV
  • Internet Protocol Television (IPTV)

Pay TV Regional Outlook (Subscribers, Million; Revenue, USD Billion, 2018 – 2028)

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

Key Companies profiled:

Some prominent players in the global Pay TV market include

  • DIRECTV
  • DISH Network Corporation
  • Carter Communications
  • Foxtel
  • Comcast Corporation

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

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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Dehumidifier Market: Warm Condensation Segment Is Expected To Expand At A Rapid CAGR

Dehumidifier Industry Overview

The global dehumidifier market size was valued at USD 3.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. The strong emphasis households are putting on controlling the moisture content in the ambient air to prevent any growth of bacteria and mold, which can pose health risks, is expected to drive the growth of the market over the forecast period. The eminent need to maintain appropriate moisture levels in industrial environments to control the quality of the production is expected to contribute to the growth. Continued industrialization and the growing need for energy-efficient products also bode well for the growth of the market.

The U.S. market is expected to register significant growth over the forecast period. Consumers in the U.S. are giving a high preference for healthier indoor environments. As a result, the demand for advanced portable dehumidifiers with automatic temperature and humidity sensing capabilities is increasing. The need to dry plasters and slabs quickly and to maintain optimum humidity levels in real-estate hardware stores is also driving the demand for dehumidifiers across the U.S.

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Dehumidifiers help in maintaining the humidity levels in ambient air at desired levels, particularly for comfort and health reasons. Human health is particularly at risk as continued industrialization and the subsequent climate change have triggered humidity levels to extremes in several regions across the globe. A recent study in 2021 by Consumer Reports, Inc., a non-profit organization that helps consumers, policymakers, and enterprises with insights to shape a sustainable marketplace, highlighted that humidity levels above 50% can induce allergies or asthma among human beings. As a result, dehumidifiers are increasingly being adopted for both household environments and commercial environments, such as hospitals, schools, and departmental stores, to prevent the growth of mold, dust mites, and mildew; to improve the ambient air quality, and to ensure a healthy and comfortable environment free from any excessive humidity levels.

Stringent energy-efficiency standards being drafted by various governments are particularly driving the demand for energy-efficient dehumidifiers. Several governments across the globe are drafting standards, such as AHAM 7008-2018/CSA SPE-7008-18/UL 7008-18, Sustainability Standard for Household Dehumidifier Appliances, to promote energy savings. Energy Star is one such initiative being pursued by the U.S. Department of Energy and the U.S. Environmental Protection Agency to ensure significant savings on energy bills. The increasing awareness about such standards and initiatives among consumers is driving the demand for energy-efficient dehumidifiers. Subsequently, the changing dynamics in procuring dehumidifiers based on the Energy Star rating of products is prompting vendors of dehumidifiers to opt for energy-efficient components, including compressors, coils, and fans, while manufacturing their products, thereby contributing to the growth of the market.

The outbreak of the COVID-19 pandemic had a mixed impact on the growth of the market in 2020. The lockdowns and the restrictions on the movement of people and goods imposed by various governments as part of the efforts to arrest the spread of coronavirus triggered several issues ranging from unavailability of an adequate workforce to supply chain disruptions. As a result, although the demand for dehumidifiers increased across all application areas, a supply shortage was evident owing to the restrictions on logistics operations. Nevertheless, the market is poised for a gradual recovery as the restrictions are lifted, the demand-supply situation limps back to normal, and market players realign their business goals for the post-COVID-19 era.


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  • Material Handling Equipment Market – The global material handling equipment market size was valued at USD 213.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. Rapid industrialization and increased demand for automation in material handling equipment are expected to fuel market growth over the forecast period.
  • Synthetic Fiber Market – The global synthetic fiber market size was estimated at USD 62.93 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030. The increasing application in various industries including clothing, automotive, home furnishing, and filtration is expected to propel market growth.

Dehumidifier Market Segmentation

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

Dehumidifier Product Outlook (Revenue, USD Billion, 2018 – 2028)

  • Chemical Absorbent
  • Heat Pump
  • Ventilating Dehumidifier

Dehumidifier Technology Outlook (Revenue, USD Billion, 2018 – 2028)

  • Cold Condensation
  • Sorption
  • Warm Condensation
  • Others

Dehumidifier Application Outlook (Revenue, USD Billion, 2018 – 2028)

  • Industrial
  • Commercial
  • Residential

Dehumidifier Regional Outlook (Revenue, USD Billion, 2018 – 2028)

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

Key Companies profiled:

Some prominent players in the global Dehumidifier market include

  • Airwatergreen AB
  • De’ Longhi Appliances S.r.l.
  • Frigidaire
  • GE Appliances, a Haier company
  • General Filters, Inc.
  • Honeywell International, Inc.
  • Munters

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

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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Roaming Tariff Market: Asia Pacific Is Expected To Emerge As The Fastest-Growing Region

Roaming Tariff Industry Overview

The global roaming tariff market size was valued at USD 70.76 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. The rising number of mobile phone subscribers, international tourism, and government regulations are the significant factors expected to influence market growth. The advent and adoption of 5G are anticipated to be the primary growth driver in the coming years. In addition, network service providers are rolling out special roaming packages that provide cost-effective solutions to their users. Such solutions are expected to benefit the service providers as well as the subscribers, thereby resulting in market growth. The spread of COVID-19 in 2020 adversely affected the market, mainly due to international travel restrictions.

These international travel restrictions and lockdown imposed across several countries resulted in a shortfall in international roaming revenue in 2020. This trend is anticipated to continue in 2021 with the virus making a resurgence with a new variant, and prospects of a lockdown back on cards in several nations. Although towards the end of 2020, the situation began to improve, a new variant of coronavirus strain set the fear in with global travel restrictions once again looming over the industry.

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Another major challenge the industry faced came from a drop in business travel. Amidst the pandemic, business travel took a massive hit due to the newly minted work-from-home model and proliferation of virtual conferences/events. Similarly, several major international events, such as the 2020 Summer Olympics, Euro 2020, Beijing International Automotive Exhibition, and Geneva International Motor Show, were either postponed or canceled, further impacting the market growth.

The market is expected to witness new growth opportunities in the coming years as the events postponed in previous years are conducted along with other scheduled events. In addition, the international tourism industry is also expected to experience a spike triggered by a large number of international travelers that couldn’t travel due to the pandemic. International tourism is one of the leading drivers of socioeconomic progress. According to the International Trade Center (ITC), international tourism accounts for almost 30% of the global trade services. World Tourism Organization (UNWTO), a United Nations agency, is known for promoting sustainable and universally accessible tourism and driving economic growth. Thus, the market is expected to experience significant growth, aided by the tourism industry, once the traveling restrictions are lifted and the majority of the global population is vaccinated.

Several countries had to postpone the roll-out of 5G technology, which was scheduled for 2020. Several European countries including Spain, U.K., Austria, and Portugal, among others had announced delayed roll-outs of 5G due to the pandemic. 5G is a high potential, high-speed network that is also cost-effective, and, therefore, expected to be used widely. Furthermore, 5G ensures high frequencies, better coverage, and enhanced network capacity. Owing to the aforementioned benefits, the roll-out of 5G is anticipated to have a huge impact on the market over the forecast period.


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  • Network Traffic Analysis Market – The global network traffic analysis market size was valued at USD 2.49 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The growth can be attributed to the rising need for proper network administration in line with the growing network complexities.
  • Cloud Kitchen Market – The global cloud kitchen market size was valued at USD 51.96 billion in 2020 and is expected to expand at a compound annual growth rate(CAGR) of 12.4% from 2021 to 2028. Increasing consumer preference for online food services over dining experiences is one of the major factors contributing to the market growth.

Roaming Tariff Market Segmentation

Grand View Research has segmented the global roaming tariff market on the basis of roaming type, distribution channel, service, and region:

Roaming Tariff Roaming Type Outlook (Revenue, USD Million, 2017 – 2028)

  • National
  • International

Roaming Tariff Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)

  • Retail Roaming
  • Wholesale Roaming

Roaming Tariff Service Outlook (Revenue, USD Million, 2017 – 2028)

  • Voice
  • SMS
  • Data

Roaming Tariff Regional Outlook (Revenue, USD Million, 2017 – 2028)

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

Key Companies profiled:

Some prominent players in the global Roaming Tariff market include

  • AT&T Inc.
  • Bharti Airtel Ltd.
  • China Mobile Ltd.
  • Deutsche Telekom AG
  • T-Mobile
  • Telefonica SA
  • Vodafone Group plc
  • Verizon Communications Inc.

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

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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Contactless Payment Market: Retail Segment Led And Accounted For Share Of The Global Revenue

Contactless Payment Industry

The global contactless payment market size was valued at USD 1.34 trillion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 20.3% from 2021 to 2028. The growth can be attributed to the increasing adoption of digital payment platforms across the globe. Nowadays, customers are focusing on making seamless payments for many of their daily transactions. Moreover, increasing expectations for secure and integrated ways to pay for any service or product are expected to drive market growth. The growing convenience of the low-value payment offered by contactless payment solutions is anticipated to propel market growth. Cardholders are encouraged to use these solutions by advertising campaigns that highlight the convenience and speed of contactless payment. These solutions are widely deployed by merchant outlets that sell low‑value products such as snacks and drinks. Moreover, card issuers are increasingly adding contactless functionality to their payment cards.

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

The continuous innovation in products and services and development in payment security technologies are strengthening the market growth. Moreover, contactless payments enable money transactions to be carried out between a point-of-sale terminal and a consumer’s payment device. The paradigm shift in payment awareness and preferences among customers is expected to fuel the market growth over the forecast period. Furthermore, growing contactless technologies in numerous applications, such as ticketing, toll booths, fuel stations, and vending machines, are expected to boost market growth.

Increasing demand from merchants and consumers to reduce billing and transaction time will propel market growth. The safety and security of money transactions is the primary concern of merchants and consumers. Various factors, such as rising government initiatives and ongoing advancements in networking infrastructure for the development of smart solutions, are expected to fuel the market growth. Several government administrations across the globe are encouraging their merchants to implement advanced payment solutions.

The outbreak of COVID-19 is expected to have a positive impact on the market. The COVID-19 pandemic has significantly impacted the market owing to the increase in adoption and use of digitalized and online payment methods across the globe. Furthermore, to curb the spread of the virus, numerous governments have imposed lockdown, which has resulted in lowered usage of cash. However, the rise of cyber-attack and lack of infrastructure in developing economies are expected to hamper the market growth.


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  • Consumer Drone Market – The global consumer drone market size was valued at USD 3.42 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 13.8% from 2022 to 2030.
  • Open Banking Market – The global open banking market size was valued at USD 16.03 billion in 2021 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 26.9% from 2022 to 2030.

Contactless Payment Market Segmentation

Grand View Research has segmented the global contactless payment market based on device, solution, application, and region:

Contactless Payment Device Outlook (Transaction value, USD Billion, 2016 – 2028)

  • Smartphones and Wearables
  • Point-of-Sales Terminals
  • Smart Cards

Contactless Payment Solution Outlook (Transaction value, USD Billion, 2016 – 2028)

  • Payment Terminal Solution
  • Transaction Management
  • Security and Fraud Management
  • Hosted Point-of-Sales
  • Analytics

Contactless Payment Application Outlook (Transaction value, USD Billion, 2016 – 2028)

  • Retail
  • Transportation
  • Healthcare
  • Hospitality
  • Government

Contactless Payment Regional Outlook (Transaction value, USD Billion, 2016 – 2028)

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

Key Companies profiled:

Some prominent players in the global Contactless Payment market include

  • Gemalto N.V.
  • Visa Inc.
  • Giesecke & Devrient GmbH
  • Heartland Payment Systems
  • Verifone Systems Inc.
  • Ingenico Group SA
  • On Track Innovations (OTI) Ltd
  • IDEMIA
  • Thales Group
  • Wirecard AG

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

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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Ophthalmic Ultrasound Devices Market: North America Dominated With The Largest Revenue Share

Ophthalmic Ultrasound Devices Industry Overview

The global ophthalmic ultrasound devices market size was valued at USD 387.50 million in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 8.36% by 2028. The growing prevalence of ophthalmic disorders, such as diabetic retinopathy, cataract, and others, coupled with frequent product launches are the factors anticipated to drive the market growth. The availability of efficient reimbursement policies, such as Medicare and Medicaid, is anticipated to support market growth. The WHO announced COVID-19 as a worldwide pandemic in March 2020. The COVID-19 pandemic had an unprecedented impact on the market. Routine healthcare activities were eluded to prevent patients from contracting virus, also ophthalmology services were predominantly impacted hence decrease in routine clinical care was observed that ultimately reduced the product demand. This led to a considerable loss in revenue and permanent or temporary closure of single ophthalmic practice institutions.

The volume of cataract surgeries is increasing considerably across the globe. According to the National Eye Institute projections, the number of people suffering from cataracts in the U.S. is expected to reach about 40 million in 2030. Cataract surgeries, the only effective treatment for the condition, are performed only after ocular ultrasound imaging and are done post-surgery to make sure that the lens is perfectly placed, indicating the potential of ocular ultrasound devices. Various initiatives to increase the reach of cataract treatment in the rural parts of developing economies are anticipated to boost the product demand during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Ophthalmic Ultrasound Devices market

Growing incidence of lifestyle- and age-related ophthalmic conditions and an increasing number of diabetic retinopathy in developed as well as developing regions are expected to enhance the product demand. Diabetic retinopathy is the most common diabetic eye disorder and a leading cause of blindness. As the number of individuals living with diabetes rises, so does the number of people with impaired vision. According to the CDC, diabetic retinopathy is observed in 1 in 3 diabetic patients. Hence, rising cases of diabetes are expected to drive product adoption.

Shortage of ophthalmic surgeons includes longer waiting times, which results in increased preference for alternative treatment procedures over ocular surgeries. Around 10,000 ophthalmologists were performing about 4 million cataracts surgeries in 2019 across the U.S. In addition, cataract cases are estimated to double during the forecast period, which will expressively increase the number of surgeries. Thus, the shortage of ophthalmic surgeons is predicted to limit the market growth during the forecast period.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

  • Artificial Insemination Market – The global artificial insemination market size was valued at USD 1.5 billion in 2018 and is projected to expand at a CAGR of 8.4% over the forecast period. According to the WHO, around 10% of women are directly or indirectly affected by infertility. Also, the National Institutes of Health reported that infertility affects around 12% of couples of reproductive age.

  • General Surgery Devices Market – The global general surgery devices market size was valued at USD 14.1 billion in 2018 and is expected to register a CAGR of 8.5% from 2019 to 2026. Increasing number of surgical procedures being performed coupled with technological advancements in the field is anticipated to drive the market. Increasing awareness of patients and high incidence of cardiac related diseases, gastrointestinal diseases, and prevalence of osteoporosis result in increased demand for surgeries.

Ophthalmic Ultrasound Devices Market Segmentation

Grand View Research has segmented the global ophthalmic ultrasound devices market on the basis of product, mobility, end-use, and region:

Ophthalmic Ultrasound Devices Product Outlook (Revenue, USD Million, 2016 – 2028)

  • A-Scan
  • B-Scan
  • Combined
  • Pachymeter
  • Ultrasound Bio Microscope

Ophthalmic Ultrasound Devices Mobility Outlook (Revenue, USD Million, 2016 – 2028)

  • Standalone
  • Portable

Ophthalmic Ultrasound Devices End-use Outlook (Revenue, USD Million, 2016 – 2028)

  • Hospitals
  • Ambulatory Surgical Centers (ASCs)
  • Ophthalmic Clinics
  • Others

Ophthalmic Ultrasound Devices Regional Outlook (Revenue, USD Million, 2016 – 2028)

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

Market Share Insights

  • March 2019: Quantal medical received U.S. FDA approval for the launch of its product called ABSolu. This product provides A/B/S/UBM ultrasound technology with exceptional image quality in one device.

Key Companies profiled:

Some prominent players in the global Ophthalmic Ultrasound Devices market include

  • Halma plc
  • NIDEK CO. Ltd.
  • Quantel Medical
  • Optos
  • Escalon Medical Corp
  • Appasamy Associates
  • MicroMedical Devices
  • DGH Technology
  • Ellex
  • Carl Zeiss Meditech

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

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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veterinary services market is registering a CAGR of 5.7% over the forecast years

Veterinary Services Industry Overview

The global veterinary services market size was valued at USD 97.34 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. The market is mainly driven by a significant rise in zoonotic and food-borne diseases globally. Veterinary services play an important role in protecting animal health and welfare and maintaining the sanitary safety of international trade. In addition, it also aids safeguarding public health and ensuring food safety. According to the article published by the Organization for Animal Health (OIE), demand for animal source foods is growing globally, which includes demand for meat that is expected to reach 445 million tons by 2050. The COVID-19 pandemic has shifted purchasing preference of consumers from a regular brick-and-mortar store to online platforms and has put the market on an expedited growth rate.

For the Q1 2020 financial performance, PetMed Express, Inc. and Chewy, Inc. reported incremental sales. Owing to the V shape recovery, the services market is anticipated to gain traction in the coming years, thereby providing a growth platform to the market. Moreover, it is seen as a preventive approach to counter zoonotic diseases within the livestock population thus fueling the growth potential of the market.

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

A rising number of government initiatives to ensure food security and biosecurity is presumed to expedite the adoption of veterinary services in livestock globally. For instance, the OIE is focused on maintaining food safety and have been consistently issuing guidelines to eliminate potential biological hazards and risks associated with checks on-farm, pre-slaughter, pre-processing, and processing stages.

Pets are an important part of many people’s lives and the pandemic has increased pet adoption owing to more employees working from home. Many consider their pet as a family fellow. Cats and dogs are ubiquitous—and individuals are spending more on them. As a result, veterinary companies introduced some new products, diagnostic tools, services to cater to the rising demand. For instance, in September 2020, Zoet is launched VetscanImagyst.

This is a new diagnostic platform to detect intestinal parasites in pets. Furthermore, a subsequent increase in the pet population globally has also contributed to the expedited growth of the market. Veterinarians and veterinary service providers are undertaking consistent efforts to ensure animal welfare, thus encouraging pet owners to use these services.

For instance, Birdnip launched Nootropic supplement for canines in 2018 to raise memory, mental clarity, and support cognitive health. The surge in both the pet and livestock population is leading to an increased demand for elderly pet care. Moreover, an increasing number of pet owners are perceiving pets as an important part of the family, which is resulting in increased expenditure on pet care.


Browse through Grand View Research’s Animal Health Industry Research Reports.

  • Companion Animal Diagnostics Market – The global companion animal diagnostics market size was valued at USD 2.1 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2019 to 2026. Increasing the prevalence of chronic diseases demanding effective diagnostics in pet animals is projected to fuel the growth. According to the Banfield Pet Hospital’s State of Pet Health Report, canine diabetes had increased by 40% and feline diabetes had increased by 20% from 2011 to 2017.

  • Companion Animal Postoperative Pain Management Therapeutics Market – The global companion animal postoperative pain management therapeutics market size was estimated at USD 228.90 million in 2018 and is expected to witness a CAGR of 6.7% during the forecast period. The rise in pet surgical procedures, especially orthopedic and dental surgeries is propelling the demand for postoperative pain relievers.

Veterinary Services Market Segmentation

Grand View Research has segmented the global veterinary services market on the basis of animal type and region:

Veterinary Services Animal Type Outlook (Revenue, USD Billion, 2016 – 2028)

  • Production Animal
    • Cattle
      • Artificial Insemination
      • Hoof Care
      • Diagnostic Services
      • Others
    • Poultry
      • Biosecurity
      • Reproductive Consulting
      • Diagnostic Services
      • Others
    • Swine
      • Biosecurity
      • Reproductive Consulting
      • Diagnostic Services
      • Others
    • Others
  • Companion Animal
    • Dogs
      • Dental Care
      • Vaccinations
      • Grooming
      • Diagnostic Services
      • Others
    • Cats
      • Dental Care
      • Vaccinations
      • Grooming
      • Diagnostic Services
      • Others
    • Horses
      • Hoof Care
      • Dental Care
      • Artificial Insemination
      • Grooming
      • Others
    • Others

Veterinary Services Regional Outlook (Revenue, USD Billion, 2016 – 2028)

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

Market Share Insights

  • December 2020: Mars’ Linnaeus division acquired five specialty referral centers from Pets at Home in Britain, for USD 132.2 million.

Key Companies profiled:

Some prominent players in the global Veterinary Services market include

  • Mars Inc.
  • Greencross Ltd.
  • National Veterinary Care Ltd.
  • Pets at Home Group PLC
  • CVS Group PLC
  • Ethos Veterinary Health
  • Addison Biological Laboratory
  • Armor Animal Health
  • PetIQ, LLC

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

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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Surgical Retractors Market is expected to expand at a CAGR of 5.8% from 2021 to 2028

Surgical Retractors Industry Overview

The global surgical retractors market size was valued at USD 1.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028. Steep rise in procedural volume with rising prevalence of chronic diseases, increasing adoption of minimally invasive surgeries, and high R&D focus by major market players are some of the factors driving the market.

According to the World Federation of Neurology, 12.0% of the total neurology patients succumb to these conditions each year. In addition, according to the WHO, the number of Disability-Adjusted Life Years (DALYs) lost as a result of neurological diseases is anticipated to increase from 95 million in 2015 to 103 million in 2030 across the globe. Surgical procedures are one of the major treatment options for neurological problems. An increasing number of neurological surgeries and the high demand for surgical retractors specially designed for these procedures are expected to drive the market.


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

Delayed or canceled electric surgeries during the COVID-19 pandemic and strict guidelines for life-saving surgeries significantly reduced the demand for surgical retractors. Patient footfall for non-COVID-19 conditions showed a steep decline because of the risks of infections. The surgeries also included transplantation procedures that mandatorily involve the usage of surgical retractors. The number of transplantation procedures fell to around 50% during the first wave of COViD-19.

As per the WHO, globally, 17.9 million people die of cardiovascular disorders each year. Coronary artery bypass graft surgery is a common treatment solution for blocked coronary arteries. B. Braun and Medtronic plc. offer a wide range of surgical tools required in all types of cardiovascular surgery. According to CDC (2017), in the U.S., 15% of the population suffers from chronic kidney disease. Therefore, the rising prevalence of chronic diseases is expected to drive the need for surgical treatment, which in turn is expected to boost the demand for surgical retractors.

Several manufacturers are focusing on developing technologically advanced surgical retractors to maintain a strong market presence. For instance, in 2019, Thompson Surgical developed a table-mounted hip retraction system. It uses flexible tethers to secure retractor blades in place and decreases the staff needed to hold the retractor. Also, in October 2020, June Medical announced a product launch under Galaxy II retractor series, which was specifically designed for the male anatomy. It comes with an innovative penile hammock that can lower the need for sharp hook penetration, improve recovery, and reduce infection risk.


Browse through Grand View Research’s Medical Devices Industry Research Reports.

  • PTA Balloon Catheter Market – The global PTA Balloon Catheter Market size was valued at USD 2.4 billion in 2018 and is expected to register a CAGR of 10.1% over the forecast period. Rising prevalence of cardiovascular disorders and peripheral artery disease, growing geriatric population, and an increasing number of minimally invasive surgeries are some of the key factors boosting the market growth.

  • Open MRI Systems Market – The global open MRI systems market size was valued at USD 906.0 million in 2018 and is projected to grow at a CAGR of 6.4% by 2026. Growing incidence of age-associated chronic diseases, changing lifestyles, and high demand for safe & accurate diagnostic methods are among the major factors expected to drive the growth of the overall market.

Surgical Retractors Market Segmentation

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

Surgical Retractors Type Outlook (Revenue, USD Million, 2016 – 2028)

  • Handheld
  • Self-retaining

Surgical Retractors Product Outlook (Revenue, USD Million, 2016 – 2028)

  • Abdominal
  • Finger
  • Nerve
  • Orthopedic
  • Rectal
  • Thoracic
  • Ribbon
  • Others

Surgical Retractors Application Outlook (Revenue, USD Million, 2016 – 2028)

  • Neurosurgery
  • Wound closure
  • Reconstructive surgery
  • Cardiovascular
  • Orthopedic
  • Obstetrics and Gynecology (Ob/Gyn)
  • Others

Surgical Retractors End-use Outlook (Revenue, USD Million, 2016 – 2028)

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

Surgical Retractors Regional Outlook (Revenue, USD Million, 2016 – 2028)

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

Key Companies profiled:

Some prominent players in the global Surgical Retractors market include

  • Medtronic
  • Becton, Dickinson and Company (BD)
  • Medical Devices Business Services, Inc.
  • Teleflex Incorporated
  • Medline Industries, Inc.
  • B. Braun Melsungen AG
  • Applied Medical Resources Corporation
  • Thompson Surgical
  • Innomed, Inc.
  • LiNA Medical ApS
  • Vivo Surgical Private Limited
  • BVI
  • CooperSurgical Inc.
  • Stryker
  • Terumo Corporation
  • June Medical Group
  • Mediflex Surgical Products
  • Chamfond Biotech Co., Ltd
  • Applied Medical Technology, Inc. (AMT)
  • Microcure (Suzhou) Medical Technology Co., Ltd.
  • Changzhou Haiers Medical Devices Co., Ltd
  • Boston Scientific Corporation
  • Coloplast

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

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

U.S. Intravenous Immunoglobulin Market: Hospital pharmacy held the largest share

U.S. Intravenous Immunoglobulin Industry Overview

The U.S. intravenous immunoglobulin market size was valued at USD 5.91 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. Intravenous immunoglobulin (IVIG) is a therapeutic preparation used for the treatment of various diseases, including primary immune deficiency, secondary immune deficiency, immune thrombocytopenic purpura (ITP), and chronic inflammatory demyelinating polyneuropathy (CIDP). According to the data published by the NIH, around 500,000 people in the U.S. are suffering from more than 200 different forms of primary immunodeficiency disorders (PIDDs). The growing incidences of primary and acquired immunodeficiency diseases, such as AIDS and X-linked hypogamma globulinemia, are expected to boost the demand for immunoglobulin therapies in the near future.

The COVID-19 pandemic has created an operational threat and a lucrative opportunity for the U.S. IVIG market. The pandemic has also united various key players and governments to aid the R&D of new hyper-immunoglobulin against COVID-19. This therapy is derived from recovered COVID-19 patients’ plasma as plasma-based therapies are being studied for their effectiveness in preventing complications due to severe acute viral respiratory infections, including COVID-19. In April 2020, CSL Behring announced a collaboration with Biotest, Octapharma, LFB, Takeda Pharmaceutical Company Limited, and BPL to develop hyperimmune therapy for COVID-19. In addition, in June 2020, Kedrion announced a collaboration with Kamada to manufacture and commercialize the plasma-derived Anti-SARs-COV-2 IgG for COVID-19.


Gather more insights about the market drivers, restrains and growth of the U.S. Intravenous Immunoglobulin market

Increasing FDA approval and the introduction of novel IVIG therapies in the U.S. are expected to significantly support the market growth over the forecast period. For instance, in May 2019, ADMA Biologics, Inc., a U.S.-based biopharmaceutical company, received the FDA approval for its Prior Approval Supplement (PAS) for BIVIGAM. BIVIGAM (IVIG, 10% liquid) is indicated for the treatment of primary humoral immunodeficiency. In another instance, in September 2017, CSL Behring, a U.S.-based key market player, received FDA approval for its new IVIG drug, Privigen. Privigen is indicated for the treatment of chronic inflammatory demyelinating polyneuropathy (CIDP) in adults.

Furthermore, with the increase in adoption rate, the IVIG market is anticipated to witness rapid growth throughout the forecast period. The U.S. FDA has approved the use of IVIG in various disorders. IVIG treatment is also used in many off-label prescription disorders, such as myasthenia gravis, multifocal motor neuropathy, and Guillain-Barre syndrome. In addition, the preference for IVIG is increasing due to its safety and efficacy. For instance, there has been a significant increase in the volume of IVIG units consumed for the treatment of CIPD. The most common usage of IVIG is seen among patients suffering from CLL (Chronic Lymphocytic Leukemia), B-cell non-Hodgkin lymphoma, Hodgkin lymphoma, those undergoing donor stem cell transplant, CAR-T cell therapy, and those undergoing chemotherapy and other treatment regimes that lower B cell counts. Moreover, the alternatives to IVIG, i.e., plasma exchange and corticosteroids, are associated with severe adverse effects; therefore, patients and physicians prefer IVIG.

However, the high cost of IVIG therapies is expected to be a prominent factor restraining the market growth. Immunoglobulin infusions are generally administered once every 3 to 4 weeks and the treatment is lifelong (12-16 sessions annually). The average cost of IVIG is USD 73.89 per gram and the cost of the entire therapy is USD 10,000, depending on the severity of the disorder. Immunoglobulin replacement therapies are long-term therapies with an average duration of 6 months’ treatment. According to ABIM Foundation, the cost of IgG treatment therapy costs over USD 30,000 annually.


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

  • Antiplatelet Market – The global antiplatelet market is anticipated to grow rapidly during the forecast period. The major drivers for antiplatelet market are factors such as the proliferation of antithrombotic/anticoagulant drugs, increasing aging population, an increase in thrombotic events, and recent advances in pharmaceuticals.

  • Aquaculture Therapeutics Market – The Culturing or farming of aquatic animals like fishes, crustaceans, mollusks, algae, aquatic plants, and the other aquatic organisms in different types of water is termed as “Aquaculture”. The cultivation process involves nurturing of these aquatic organisms in the controlled condition either in fresh or salt water. Thereafter, these aquatic organisms are harvested to be served as the source of nutrition or many other purposes. The aquatic animals are very sensitive and prone to various epidemic diseases.

U.S. Intravenous Immunoglobulin Market Segmentation

Grand View Research has segmented the U.S. intravenous immunoglobulin market on the basis of application and distribution channel:

U.S. IVIG Application Outlook (Revenue, USD Million, 2016 – 2028)

  • Hypogammaglobulinemia
  • CIDP
  • Immunodeficiency Diseases
  • Congenital AIDS
  • Chronic Lymphocytic Leukemia
  • Myasthenia Gravis
  • Multifocal Motor Neuropathy
  • ITP
  • Kawasaki Disease
  • Guillain-barre Syndrome
  • Others

U.S. IVIG Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)

  • Hospital Pharmacy
  • Specialty Pharmacy
  • Others

Key Companies profiled:

Some prominent players in the global U.S. Intravenous Immunoglobulin market include

  • Biotest AG
  • Octapharma AG
  • LFB Biotechnologies S.A.S
  • China Biologics Products Holdings, Inc.
  • Grifols, S.A.
  • Kedrion Biopharma, Inc.
  • CSL Behring
  • McKesson Corporation
  • Takeda Pharmaceutical Company Limited
  • Bio Products Laboratory Ltd.
  • Pfizer, Inc.
  • ADMA Biologics, Inc.

Order a free sample PDF of the U.S. Intravenous Immunoglobulin Market Intelligence Study, published by Grand View Research.

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

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