Category: Uncategorised

Legal Services Industry Overview

The global legal services market size is anticipated to reach USD 1.36 trillion by 2030, exhibiting a CAGR of over 5.3% during the forecast period, according to a new report by Grand View Research, Inc. The increasing use of the latest technologies in offering legal services is projected to drive market growth. A strong significance of transparency in the relationship with customers is also projected to drive the development of the market.

Chatbots are increasingly adopted by law firms to help them optimize their work processes and save money and time for themselves and their clients. Chatbots can assist law companies with a variety of activities, including digitization of data and searching for lawyer-specific documents, and other tasks. Chatbots can also assist in the follow-up of non-responsive clients and the gathering of essential information via automated conversations.

Law companies are seeking different ways to assist their clients in minimizing risks and compliance costs by assisting them in better managing information, creating the path for the adoption of document automation software in legal services. End-users are guided through a questionnaire to gather necessary data and direct them through the entire document formation process via document automation software. End-users are relieved of the time-consuming task of deciphering the document’s terminology with this method.

Legal Services Market Segmentation

Grand View Research has segmented the global legal services market based on services, firm size, provider, and region:

Based on the Services Insights, the market is segmented into Taxation, Real Estate, Litigation, Bankruptcy, Labor/Employment, and Corporate.

• The corporate segment led the market in 2021, accounting for more than 25% share of the global revenue. The emergence of new types of financial transactions on corporate fronts is attributed to this high share. Additionally, the corporate segment is projected to be the leading service segment during the forecast period, as arguments over harassment of employees, and organizational discrimination audits, and copyright violation & patent infringement continue to rise. 
• The litigation segment held a considerable revenue share in 2021 as establishments continue to experience remarkable expenses in their litigation management. In addition, the service providers involved in third-party legal financing and litigation funding are gradually expanding their global capacity and diversifying their jurisdiction range. This has created numerous opportunities for litigation service providers.

Based on the Firm Size Insights, the market is segmented into Large Firms, Medium Firms, and Small Firms.

• The large firm division led the market in 2021, accounting for more than 36% share of the global revenue. Large firms’ diversified range of services is attributed to this high share. For instance, large firms deliver most judicial work, such as large-scale litigations, significant business transactions, and criminal defense matters for businesses across various industries. The increased demand from large organizations for corporate, and judicial services is expected to drive the growth of the large firm segment during the estimated period.
• Medium-sized, and small-sized legal services organizations are growing internationally by recruiting attorneys worldwide and opening offices worldwide. These firms are primarily targeting overseas clientele to assist them in managing their legal requirements. They’re also expanding their global consumer base by providing high-end specialized services that involve complex transactions. Therefore, the medium-firm and small firm segments are anticipated to obtain remarkable revenue share during the estimated period steadily.

Based on the Provider Insights, the market is segmented into Private Practicing Attorneys, Legal Business Firms, Government Departments, and Others.

• The legal business firms sector accounted for a significant market share in 2021. The strategic investments done by legal service firms are attributed to this high share. The legal business firms invest in business development tactics, such as client education, pipeline management, local community activities, and public relations. This segment is also projected to show significant growth during the estimated period.
• Law firms have begun to employ predictive analytics technologies to study massive datasets to extract information, recognize patterns, and forecast trends. Firms can improve their decision-making capabilities by using predictive analytical technologies. For instance, Intraspexion, Inc., a software startup based in the U. S., uses a deep learning model to advise businesses about potential legal issues and help them minimize legal outlays.

Legal Services Regional Outlook

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

Key Companies Profile & Market Share Insights

Market players concentrate on growing their consumer base and acquiring a competitive advantage over their competitors. They are implementing various strategic initiatives, including collaborations, mergers and acquisitions, partnerships, and new product/technology development. In November 2021, Clifford Chance LLP partnered with Green Map System, Inc., an independent non-profit organization, to offer assistance and advice on the design and implementation of the International Guarantee Trust Fund program to facilitate the deployment of renewables on a large scale.

Similarly, In November 2021, EY announced its acquisition of TAO Leadership Development, Inc., a consultancy that focuses on enabling a fast-paced culture change and organizational transformation in enterprises. The acquisition aimed at accelerating the development of EY People Advisory Services by enhancing the firm’s highly respected technology-enabled transformational leadership and culture change skills. Some of the prominent players operating in the global legal services market include:

• Baker & McKenzie
• Clifford Chance LLP
• Deloitte
• DLA Piper
• Ernst & Young (E&Y)
• Kirkland & Ellis LLP
• KPMG
• LATHAM & WATKINS LLP
• PwC
• Skadden, Arps, Slate, Meagher & Flom LLP

Order a free sample PDF of the Legal 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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Sports Technology Industry Overview

The global sports technology market size is expected to reach USD 36.20 billion by 2028, registering a CAGR of 16.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growth is attributed to the technological advancements that have improved the accuracy, engagement, and experience of both athletes and spectators. The technology is empowering a data-driven sports culture and providing a next-generation viewing experience.

The growing popularity of sports has triggered the need for improving operational efficiency and enhancing security in stadiums. Connected stadium technology can help in realizing a smart stadium leveraging crowd management solutions and advanced parking services, subsequently delivering a next-generation experience. A smart stadium can also provide wireless connectivity across the stadium for spectators, guests, vendors, and contractors.

Advanced technology has become more resilient and less burdensome, paving the way for new opportunities in athletics. Wearable technology is revolutionizing training by providing players’ real-time performance metrics, such as speed, distance covered, heart rate, and hydration level. Coaches and trainers can efficiently use this intricate data to design more effective training sessions and game tactics. For instance, a GPS player-tracking system can be used in soccer to record substantial data, such as distance, speed, pulse rate, acceleration rate, and impact from tackles, in real-time and can be used to prepare team strategies, assign players’ positions in the game, and make substitutions.

Innovative systems based on the latest technologies are being used in most professional sporting events to help referees in making the right call. For instance, basketball referee uses instant replay, the third umpire in cricket has full access to the TV replays for certain situations, such as catch, run out, and boundaries, Video Assistance Referee (VAR) in soccer for decision review, and hawk-eye technology in tennis for ball tracking. Several leading sporting leagues have also started adopting these technologies in various forms.

Sports Technology Market Segmentation

Grand View Research has segmented the global sports technology market on the basis of technology, sports, and region:

Based on the Technology Insights, the market is segmented into Devices, Smart Stadium, Analytics & Statistics, and Esports.

• The smart stadium segment accounted for the highest revenue share of over 57% in 2020. Smart stadium technology helps in enhancing the audience experience, increasing profitability, and strengthening stadium security. The technology comprises several sensors, cameras, and digital signage to provide real-time information on parking slots, ticketing lines, and food concessions, and other related information.
• The smart stadium segment has been bifurcated into software and services. The software segment accounted for the highest revenue share in 2020 owing to the rising demand for building automation software for energy-efficient and secured stadiums. Factors, such as the growing need for environmental monitoring, assets management, and cleanliness and hygiene management within stadiums are expected to drive the software segment.
• The Esports segment has been further divided into tickets & merchandise, sponsorship & advertisement, and others. The sponsorship & advertisement segment dominated the market in 2020 and is expected to retain the leading position over the forecast period. Esports offers a direct opportunity to reach the target audience during online and offline events leveraging video displays, posters, interactive advertising, and freebies.

Based on the Sports Insights, the market is segmented into American Football/Rugby, Baseball, Basketball, Cricket, Golf, Ice Hockey, Tennis, Soccer, and Others.

• The soccer segment led the market in 2020 with a revenue share of more than 15%. The International Football Association Board approved the use of electronic tracking systems in 2015. In March 2018, FIFA allowed team analysts to share the players’ performance data with the coaches in real-time during live matches. Video Assistant Referee (VAR) was first used in the 2018 FIFA World Cup to help on-field referees in making decisions. In soccer, the technology can be used to gain actionable insights into a players’ fitness and make informed decisions.
• The basketball segment is expected to register the fastest CAGR of over 18.0% from 2021 to 2028. The National Basketball Association (NBA) has realized several benefits due to the adoption of data analytics, mobile apps, wearables, and heart rate sensors. All the 30 NBA teams established their analytical department in 2020 to optimize the training sessions and improve the game-day performance. 

Sports Technology Regional Outlook

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

Key Companies Profile & Market Share Insights

Major companies are focused on striking strategic partnerships and collaborations to gain a competitive advantage in the market. For instance, in October 2019, Modern Times Group (MTG) formed a strategic alliance with the Dutch football league Eredivisie to scale and improve FIFA 20 e-league. In April 2019, SAP SE collaborated with Team Liquid, an Esports team owned by Disney, to co-innovate and offer in-game data analysis-based feedback to improve player performance.

The market witnessed several M&A activities over the past few years. Companies also adopted inorganic growth strategies to gain a competitive edge. For instance, in July 2019, Telefonaktiebolaget LM Ericsson collaborated with AT&T to offer a 5G network infrastructure for MGM Resorts NBA Summer League. The collaboration envisages allowing the audience to participate in the games in a new way by streaming live video via the Samsung Galaxy S10 5G device. In August 2018, Tech Mahindra Ltd. made a 4-year deal with the U.S. football team Jacksonville Jaguars to provide modern tools based on AI and data analytics, among other latest technologies, to enhance the audience experience. Some of the prominent players in the global sports technology market include:

• Apple Inc.
• ChyronHego Corporation
• Cisco Systems, Inc.
• HCL Technologies Limited
• IBM Corporation
• Infosys Limited
• Modern Times Group MTG
• Oracle
• Panasonic Corporation
• SAP SE
• Sony Corporation
• Stats LLC
• Telefonaktiebolaget LM Ericsson

Order a free sample PDF of the Sports Technology 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

Team Collaboration Software Industry Overview

The global team collaboration software market size is anticipated to reach USD 56.67 billion by 2030, exhibiting a CAGR of 9.5% during the forecast period, according to a new report published by Grand View Research, Inc. The promising growth prospects of the market can be credited to the increasing adoption of communication and conferencing solutions across businesses to collaborate, brainstorm, and share content.

Amid the COVID-19 pandemic, numerous companies have transitioned to the remote working culture and rely chiefly on video conferencing solutions for team collaboration. The demand for these solutions is expected to increase further in the near future, as several organizations are willing to consider a hybrid working model even after the pandemic.

The heightened demand for collaborative solutions has encouraged industry players to provide affordable and technologically advanced video conferencing solutions. This has facilitated the large-scale deployment of these solutions across several organizations. For instance, in March 2021, Avaya Inc. introduced new features to its Workstream collaboration platform Spaces to cater to the rising demand for a hybrid remote working model. The new artificial intelligence-based collaborative meetings platform offers simple, integrated video and voice calling and can transform the existing on-premise calling technology.

Team Collaboration Software Market Segmentation

Grand View Research has segmented the global team collaboration software market based on deployment, software type, application, and region:

Based on the Deployment Insights, the market is segmented into Cloud, and On-premise.

• The cloud segment is expected to dominate the market and expand at a CAGR of nearly 14.0% during the forecast period. This can be attributed to the increasing demand for cloud-based platforms for effective team collaboration across enterprises, in light of the rising number of people working remotely. Besides, these cloud platforms offer flexibility to access collaborative tools through smartphones. 
• The COVID-19 pandemic has played a crucial role in promoting the deployment of cloud-based communication tools, such as instant messaging software and video conferencing tools, to enable effective communication across businesses while the employees work remotely. Cloud-based platforms equally allow remote teams to streamline their business operations and manage projects of all sizes.

Based on the Type Insights, the market is segmented into Conferencing Software, and Communication & Coordination Software.

• The conferencing software segment is expected to witness the fastest growth rate of over 10.0% from 2022 to 2030. This can be attributed to the increasing usage of web conferencing as the primary means of communication across organizations. Several platforms, such as Microsoft Teams and Google Workspace, have gained massive traction as the go-to tools for conducting virtual meetings in the past few years. 
• The adoption of the Software as a Service (SaaS) model enables enterprises to conveniently deploy conferencing solutions, promoting continuous innovation and enhancing collaborative capabilities. The SaaS delivery model has significantly transformed team collaboration software into independent applications, mitigating slower response times and leading to lesser system failures.

Based on the Application Insights, the market is segmented into Manufacturing, BFSI, IT & Telecom, Retail, Healthcare, Logistics & Transportation, and Education.

• The healthcare segment is expected to expand at a CAGR of nearly 14% from 2022 to 2030. Clinicians are increasingly utilizing innovative communication and collaboration tools for real-time data sharing between departments and securely managing workflows from remote locations. Several government initiatives in this area are supporting the growth of the segment. For instance, in February 2022, the Department of Health and Human Services (HHS) announced that it would allocate nearly USD 55 million to provide healthcare to the underserved population through virtual care technologies such as remote patient monitoring, telehealth, and digital patient tools and health information tools.
• The retail segment is estimated to record a valuation of over USD 13.0 billion by 2030, owing to the increasing demand for comprehensive collaboration software for real-time data sharing, employee engagement, and the exchange of news, feedback, and ideas. Team collaboration software can help retailers with multiple locations or channels improve communication through voice communication, Instant Messaging (IM), and contact center channels.

Team Collaboration Software Regional Outlook

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

Key Companies Profile & Market Share Insights

The major players in the market are focusing on developing innovative collaboration software to attract a larger customer base and gain a competitive edge in the market. For instance, in February 2022, work management platform provider Asana released Asana Flow, a complete range of solutions that businesses can use to build, run, and enhance their workflows. The increasing number of such new offerings is expected to favor the growth of the market during the forecast period. Some prominent players in the global team collaboration software market include:

• Adobe
• Asana, Inc.
• Avaya Inc.
• AT&T, Inc.
• Blackboard, Inc.
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• Google LLC
• IBM Corporation
• Microsoft
• OpenText Corporation
• Oracle
• Slack Technologies, LLC
• Zoom Video Communications, Inc.

Order a free sample PDF of the Team Collaboration Software 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

Remote Patient Monitoring System Industry Overview

The global remote patient monitoring system market size is expected to reach USD 6.7 billion by 2030, according to a new report by Grand View Research Inc. It is projected to register a CAGR of 20.2% from 2022 to 2030. COVID-19 pandemic has a significant impact on the remote patient monitoring system. The main drivers for this market are the increasing geriatric population, cost-effective treatment, and the rising prevalence of chronic conditions. The breakout of Covid-19 has propelled the demand for remote patient monitoring devices and services as healthcare facilities were burdened with Covid-19 infected patients. Key players like Smiths Medical reported that the demand of their home monitoring devices substantially increased during the pandemic. The amalgamation of telehealth with remote patient monitoring services is expected to further boost market growth.

Remote Patient Monitoring System Market Segmentation

Grand View Research has segmented the global remote patient monitoring system market on the basis of product, application, end use, and region:

Based on the Product Insights, the market is segmented into Vital Sign Monitors, and Special Monitors.

• The special monitors’ segment led the market for remote patient monitoring system and accounted for the largest revenue share of over 83.8% in 2021 due to its ability to monitor clinically important data pre and post-surgery, identify symptoms, and prevent complications. Advanced features such as wireless communication and iPad connectivity allow early diagnosis and higher applicability of the products.
• The vital sign monitors are commonly used, and the segment is expected to witness the fastest growth rate of 21.9% in the market for remote patient monitoring system over the forecast period. Heart rate monitor is identified as the dominating product sub-segment due to the increasing incidence of cardiac conditions globally. The surge in the number of individuals with heart disorders has led to the increased usage of these monitors.

Based on the Application Insights, the market is segmented into Cancer, Cardiovascular Diseases, Diabetes, Sleep Disorder, Weight management and Fitness Monitoring, Bronchitis, Infections, Virus, Dehydration, and Hypertension.

• Diabetes emerged as the leading application segment in 2021 and accounted for over 12.8% of the revenue share. Diabetes is one of the leading causes of death, which requires continuous monitoring of blood glucose levels. It is known to affect various functions of the body including heart activity, vision, liver function, and renal activity. Hence, continuous and routine monitoring is required, which can be easily accomplished using remote patient monitoring devices.
• The hypertension application segment is also expected to witness significant growth over the forecast period. Hypertension increases the risk of cardiovascular diseases. According to the World Health Organization (WHO), over 1.0 billion people have hypertension worldwide. Remote patient monitoring can play a key role in controlling hypertension. The cardiovascular disease treatment segment is expected to witness lucrative growth of 20.6% over the forecast period due to the increasing prevalence of the disease.

Based on the End-use Insights, the market is segmented into Hospital Based Patients, Ambulatory Patients, and Home Healthcare.

• The hospital-based patient segment was the leading end-use segment in 2021 and accounted for 79.4% of the revenue share. Hospitals cater to a large number of outpatients as well as inpatients. They offer a large number of diagnostic tests and have a larger technical staff for catering to the needs of the patients. A large patient pool and an increasing number of tests being performed are the vital drivers for segment growth.
• home healthcare, is anticipated to exhibit sturdy CAGR over the forecast period. The cost-efficiency of this alternate site along with the availability of qualified resources is expected to support the growth. In addition, considering the increasing strain on hospital resources and personnel, remote patient monitoring presents market players with huge opportunities in terms of partnering with hospitals and other healthcare settings and launching new products to facilitate affordable care at a patient’s home.

Remote Patient Monitoring System Regional Outlook

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

Key Companies Profile & Market Share Insights

The major trend in the market for remote patient monitoring system is the enhancement of the existing technologies, new product launches, product portfolio expansion, and mergers or tie-ups with healthcare facilities. In February 2021, Philips acquired BioTelemetry, Inc. This acquisition is expected to aid Philips to increase its patient monitoring portfolio by adding BioTelemetry’s cardiac diagnostics and monitoring devices. Expanding manufacturing operations to countries with high population and disease burdens is also a strategy currently undertaken by players. In June 2020, Mindray announced the expansion of its new R&D facility in China. This facility will become a distinctive R&D, manufacturing, and operation center of medical equipment systems. Some of the prominent players in the remote patient monitoring system market include:

• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Nihon Kohden Corporation
• Omron Corporation
• OSI Systems, Inc.
• Koninklijke Philips N.V.
• Hoffmann-La Roche Ltd
• Welch Allyn
• Smiths Medical
• Abbott
• Boston Scientific Corporation
• Dräger Medical
• GE Healthcare
• Honeywell
• Johnson & Johnson
• LifeWatch
• Medtronic
• Masimo
• Vitls, Inc
• CareValidate
• Biotronik
• American Telecare

Order a free sample PDF of the Remote Patient Monitoring System 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

Waterproofing Membranes Industry Overview

The global waterproofing membranes market size is likely to reach USD 40.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. Growing advancement in infrastructure and construction activities coupled with a rise in demand for wastewater and water management is expected to drive the market. Biomembranes are expected to witness a high adoption trend in the coming future owing to the increasing product demand in green-building construction. In addition, government support to replace old buildings with new ones is opening new growth avenues for the construction industry, which, in turn, is adding growth to the market.

The market is highly dependent upon the dynamic of the raw material supply chain. Although all types of products including cementitious, bituminous, polyurethane, and others are used for manufacturing waterproofing membranes, cementitious liquid applied membrane and bituminous sheet membranes are the most commonly used waterproofing membrane in the market.

Waterproofing Membranes Market Segmentation

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

Based on the Product Insights, the market is segmented into Liquid Applied Membranes, and Sheet Membranes.

• The liquid applied membrane product segment led the market for waterproofing membranes and accounted for the largest revenue share of more than 63.0% in 2021. The growth can be attributed to the growing awareness towards the advantages of the product such as cost-effectiveness and ease of installation. In addition, increasing global infrastructural in terms of water conservation and treatment is expected to rise the demand for the liquid applied membrane during the fore coming period.
• The bituminous liquid membrane is expected to witness a CAGR of 6.6% in terms of volume over the projected period, owing to its unique properties such as high resistance to weathering and aging. It increases the product viability in terms of flexibility at low temperatures, high UV resistance properties, and improved flow resistance at high temperatures. Polyvinyl Chloride (PVC) membraneis expected to achieve a notable market share in 2022 and is likely to register a prominent share over the forecast period owing to the product advantages such as resistance to UV radiation and precipitation.

Based on the Application Insights, the market is segmented into Roofing, Walls, Building Structure, Tunnel & Landfills, and Other.

• The roofing application segment led the market for waterproofing membranes and accounted for the largest revenue share of more than 31.0% in 2021. The growth can be attributed to its rising application in the Asia Pacific region for residential housing construction. In addition, demand for sheet membranes for roofs due to high exposure to rainwater and environmental moisture is expected to drive the market for the roofing segment over the next seven years.
• The landfill and tunnels segment accounted for USD 1.2 billion in 2021 and is expected to witness substantial growth during the forecast period owing to the rise in demand for cleaning methods in the tunnels. The rising demand for waterproofing membranes in developing countries on account of increasing industrial activity, which, in turn, leads to a rising amount of waste is expected to drive the market for waterproofing membranes on a positive note.

Waterproofing Membranes Regional Outlook

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

Key Companies Profile & Market Share Insights

The market has been characterized by integration through raw material procurement and waterproofing membrane manufacturing. The companies through mergers and acquisitions, capacity expansion, partnerships, and others are trying to increase their sales to facilitate the respective market across the globe. A large set of companies are involved in waterproofing membrane manufacturing which makes the market highly competitive. Major companies operate their business through a dedicated distribution network in order to differentiate themselves in the value chain and against the competitors. Some of the prominent players in the waterproofing membranes market include:

• BASF SE
• Kemper System America, Inc.
• Paul Bauder GmbH & Co. KG
• CICO Technologies Ltd.
• Fosroc Ltd
• GAF Materials Corporation
• Alchimica Building Chemicals
• Maris Polymers
• Isomat S.A.

Order a free sample PDF of the Waterproofing Membranes 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

Medical Device Outsourcing Industry Overview

The global medical device outsourcing market size is expected to reach USD 292.93 billion by 2030, registering a CAGR of 12.1% during the forecast period, according to a new report by Grand View Research, Inc. The rising demand for advanced medical products and a growing trend of offshoring are fueling the growth of this market. Various initiatives by public organizations promoting testing for COVID-19 are also enhancing market growth. Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public that is becoming burdensome to handle. To meet the regulatory scenario, various services like regulatory consulting are being utilized by the industry players.

For example, the European Medical Device Regulation undertake special spontaneous inspection of outsourced products to test the quality as well as conformity with standards. Contract manufacturers, especially in developed countries like the U.S., EU nations, and Japan, comply with the international standards for a quality management system, which makes them a preferred option as compared with contract manufacturers in India and China. However, regulatory changes anticipated in developing countries ensure compliance by contract manufacturers. The demand for regulatory compliance is expected to boost the growth of consulting services, such as remediation, compliance, and QMS, thereby contributing to the growth of the market.

Medical Device Outsourcing Market Segmentation

Grand View Research has segmented the global medical device outsourcing market based on service, application, and region:

Based on the Service Insights, the market is segmented into Quality Assurance, Regulatory Affairs Services, Product Design and Development Services, Product Testing & Sterilization Services, Product Implementation Services, Product Upgrade Services, Product Maintenance Services, and Contract Manufacturing.

• The contract manufacturing segment led the market and accounted for more than 55.0% share of the global revenue in 2021. It is also projected to maintain its dominant position over the forecast period. Increasing focus on decreasing the cost of production is augmenting the growth of this segment. In addition, increasing complexity in manufacturing is contributing to market growth. Manufacturing high-quality and safe devices for patient care is a major concern of medical device manufacturers.
• The quality assurance services segment is projected to grow at the fastest CAGR during the forecast period. The maintenance of an effective quality management system is an integral part of the production of everymedical device. One such quality management system is ISO 13485, which involves the development, implementation, and maintenance of products intended for use by medical device manufacturers and suppliers.

Based on the Application Insights, the market is segmented into Cardiology, Diagnostic Imaging, Orthopedic, IVD, Ophthalmic, General & Plastic Surgery, Drug Delivery, Dental, Endoscopy, Diabetes Care, and Others.

• The cardiology segment accounted for the maximum share of 20.65% in 2021 and is likely to remain dominant throughout the forecast period. The WHO states that Cardiovascular Diseases (CVDs) are one of the major causes of death worldwide, leading to 17.9 million deaths each year. This is due to the high prevalence of conditions, such as angina pectoris, myocardial infarction, hypertensive heart disease, rheumatic heart diseases, atrial fibrillation, and congenital heart disease. The high prevalence of CVDs globally is increasing the demand for cardiovascular devices .
• General and plastic surgery devices outsourcing is anticipated to exhibit the fastest CAGR from 2022 to 2030. The availability of competent outsourcing firms, which comply with the regulatory requirements, and rising demand for cosmetic surgeries are expected to contribute to the growth of this segment. The awareness and consciousness about physical appearance have significantly increased in recent years, which has increased the demand for cosmetic surgeries globally.

Medical Device Outsourcing Regional Outlook

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

Key Companies Profile & Market Share Insights

Many new companies are anticipated to venture into this space due to the increasing demand for medical devices around the globe. This is projected to boost the competition level in the global arena. In addition, collaborations among existing players and niche service offerings to boost quality are likely to fuel market growth over the forecast period. Established players in the market are expected to broaden their portfolio and provide one-stop solutions to withstand aggressive competition. For instance, in January 2021, SGS SA received the FDA approval to participate & provide services for third-party 510(k) premarket submissions for medical devices. Market players are also adopting the strategy of acquisition to enhance their service portfolio.

For instance, in December 2021, the life sciences company, Labcorp, acquired a CRO, Toxikon Inc., to expand its offerings by providing testing services for medical devices, pharmaceuticals, and other industries. Also, during the pandemic, players continued to work hard to serve the industry since the beginning of COVID-19. For instance, in April 2020, Eurofins announced that its laboratories through Europe, U.S., and Asia are providing worldwide service offering for inspection, testing, and regulatory services focused on medical gowns, gloves, & face masks along with respiratory protective devices & equipment, its component & materials to serve the mounting demand due to the pandemic. Some prominent players in the global medical device outsourcing market include:

• SGS SA
• Labcorp
• Eurofins Scientific
• Pace Analytical Services, Inc.
• Intertek Group Plc
• WuXi AppTec, Inc.
• North American Science Associates, Inc.
• TUV SUD AG
• American Preclinical Services
• Sterigenics International LLC
• Charles River Laboratories International, Inc.
• Medical Device Testing Services
• RJR Consulting, Inc.
• Mandala International
• Freyr
• Global Regulatory Partners, LLC
• Parexel International Corp.
• Emergo
• Bioteknica
• Accell Clinical Research
• Genpact Ltd.
• Criterium, Inc.
• PRA Health Sciences
• Promedica International
• Medpace Holdings, Inc.
• Icon PLC.
• Iqvia Holdings Inc.
• Integer Holdings Corp.
• Tecomet Inc.
• Jabil Inc.
• Flex Ltd.
• Celestica Inc.
• Sanmina Corp.
• Plexus Corp.
• Phillips Medisize
• Cantel Medical Corp.
• West Pharmaceutical Services, Inc.

Order a free sample PDF of the Medical Device Outsourcing 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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Protein Supplements Industry Overview

The global protein supplements market size is expected to reach USD 42.81 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2030. The growing number of fitness centers on account of rising millennials’ interest in health and wellness is expected to drive the market over the forecast period. The protein supplement manufacturing companies are primarily concentrated in Europe and North America owing to the abundant availability of raw materials. A higher rate of obesity in these regions is leading the consumers to opt for a healthy lifestyle and eating habits, which is expected to increase the demand for protein supplements over the forecast period.

Protein supplement manufacturing requires high capital investments owing to the complex manufacturing process. The European Food Safety Authority (EFSA) and the U.S. Food & Drug Administration (USDA) have laid regulations on product labeling and health claims, which challenges the new players in the global market. The established players are continuously working on increasing their production capacity to match the growing demand. For Instance, in October 2020, Glanbia PLC began the operation of its new facility producing cheese and whey in Michigan, U.S. and is capable of processing 3.6 million liters of milk per day.

The rising vegan population across the globe has compelled manufacturers to invest in R&D to innovate in plant-based protein supplements. In March 2020, The Hut.com, which goes with the brand ‘My Protein’, launched a new plant-based protein shake in the U.S. to capitalize on the increasing vegan population in the country. Similarly, in February 2020, InnovoPro launched chickpea protein concentrate for the ready-to-drink formula for vegan athletes.

Protein Supplements Market Segmentation

Grand View Research has segmented the global protein supplements market on the basis of source, product, application, distribution channel, and region:

Based on the Source Insights, the market is segmented into Animal-based, and Plant-based.

• Animal-based protein supplements led the market in 2021 and accounted for a revenue share of over 65.0%. The segment comprises meat and dairy proteins, including whey, casein, egg, chicken, and beef. Animal-based proteins are traditionally considered complete proteins as they contain all the essential amino acids. Whey and casein were the most consumed animal-based proteins in 2021.
• Plant-based protein supplements are expected to witness significant demand over the forecast period owing to their increasing popularity among different types of consumers such as vegans, vegetarians, and individuals who are allergic to dairy and egg proteins. These products are derived from various plant sources such as wheat, soy, pea, canola, rice, potato, hemp, oat, and almond. Soy and wheat emerged as the dominant plant protein segments in 2021. Soy is popular amongst consumers as it has the presence of all nine essential amino acids.
• All grades of whey proteins including concentrates, isolates, and hydrolysates have a great digestibility as well as amino acid profile. However, hydrolyzed whey proteins cost more as compared to other whey proteins, thus several whey supplement manufacturers add them in small proportions to their respective formulas.

• Based on the Product Insights, the market is segmented into Protein Powder, Protein Bars, Ready to Drink, and Others.
• Protein powder dominated the market with a revenue share of over 60.0% in 2021. The powders are manufactured using a variety of sources such as whey, casein, soy, pea, and egg proteins. These powders are packed with essential micronutrients such as vitamins, greens (such as dehydrated vegetables), minerals, grains, fibers, additional fats, and/or thickeners.
• Ready-to-drink is expected to be the fastest-growing product with a CAGR of 9.0% over the forecast period. RTD supplements are protein drinks that have a precise formulation for direct consumption. RTDs offer a high dose of proteins and can thus be consumed pre-workout, post-workout, or on the go.

Based on the Application Insights, the market is segmented into Sports Nutrition, and Functional Food.

• Sports nutritionemerged as the largest application in 2021 with a revenue share of over 65.0%. Protein supplements find large-scale application in the sports and medical industries owing to their high consumption by sportsmen, athletes, and bodybuilders as dietary supplements. The availability of sports nutrition products in supermarkets and convenience stores is expected to spur their demand given the exposure to a wider customer base including lifestyle and recreational users.
• Ascending demand for sports nutritional supplements to promote lean muscle growth, improve performance, assist in weight reduction, and boost stamina is expected to boost the growth of the sports nutrition segment over the upcoming years.  The increasing number of individuals engaging in sports and other physical activities to fight obesity is likely to support the market growth.

Based on the Distribution Channel Insights, the market is segmented into Supermarkets & Hypermarkets, Online Stores, Direct to Customers (DTC), and Others.

• Online stores led the market in 2021 and accounted for a revenue share of over 30.0%. The growing usage of the internet for shopping, reduction in lead time, higher convenience, and more discounts are the key factors driving the sales of protein supplements through online stores. The supermarkets and hypermarkets channel is projected to register a CAGR of 8.0% over the forecast period.
• DTC or direct to the customer is projected to register the fastest CAGR over the forecast period. Major companies including IOVATE, Quest Nutrition, Glanbia, and NBTY are investing in direct-to-consumer channels to extend their reach to other regions. Companies are developing user-friendly and specialized websites to market their products without the need for any third-party distribution channel.

Protein Supplements Regional Outlook

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

Key Companies Profile & Market Share Insights

The industry is highly fragmented and is expected to expand at a significant CAGR in the coming years owing to the rising demand for supplements among sports enthusiasts. The manufacturers in the market are constantly experimenting with new sources ranging from marine collagen to sacha inchi. Furthermore, manufacturers are incorporating egg white proteins in nutrition bars to provide enhanced snacking options. Glanbia developed BevEdge technology in 2017 that allows manufacturers to remove lecithin from the products. This technology can be applied in the case of a variety of animal and plant-based products such as whey, milk, casein, and pea. Some prominent players in the global protein supplements market include:

• Glanbia PLC
• MusclePharm
• Abbott
• CytoSport, Inc.
• Iovate Health Sciences International Inc.
• QuestNutrition
• THE BOUNTIFUL COMPANY
• AMCO Proteins
• NOW Foods
• Transparent Labs
• WOODBOLT DISTRIBUTION LLC
• Dymatize Enterprises LLC
• com
• RSP Nutrition
• BPI Sports LLC
• International Dehydrated Foods, Inc.
• BRF
• Rousselot
• GELITA AG
• Hoogwegt

Order a free sample PDF of the Protein Supplements 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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Clear Aligners Industry Overview

The global clear aligners market size is expected to reach USD 32.3 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 29.5% from 2022 to 2030. Clear aligners are invisible and discreet braces developed from thermoformed materials like copolyester or polycarbonate plastic and CAD 3D printing technology, acting as an alternative to traditional braces. According to the FDA, the clear aligner system helps in positioning the teeth through continuous gentle force and is developed to treat mild to moderate malocclusion. According to the WHO, malocclusion is the third most prevalent dental disease after dental caries and periodontal disease globally. Malocclusion of the teeth causes the problem of misalignment, which can later lead to severe oral health complications like hard and soft tissue trauma. This condition is hereditary and can be passed from one generation to another.

Technological advancements and the growing demand for customized clear aligners are significant factors responsible for the market growth. Companies like Align Technology and DynaFlex are constantly bringing in newer computer-aided technology in the market. For instance, the launch of iTero, which is a digital impression system, by Align Technology is assisting in developing accurate, effective, and customized clear aligners designed in accordance with the wearer’s comfort to treat mild to moderate misalignment conditions. According to an article published in Scielo.com in November 2018, the global prevalence of Class I malocclusions is 74.7% and Class II malocclusions is 19.56% and the rising prevalence of these conditions is assisting in escalating the demand for clear aligners systems.

Clear Aligners Market Segmentation

Grand View Research has segmented the global clear aligners market on the basis of age, end-use, and region:

Based on the Age Insights, the market is segmented into Adults, and Teens.

• The adults segment held the largest revenue share of over 60.0% in 2021. Dental conditions like malocclusion are widely prevalent amongst the population and apart from affecting the quality of life, it can also lead to problems such as impaired dentofacial aesthetics, disturbances of oral function, such as mastication, swallowing, and speech, and greater susceptibility to trauma and periodontal disease.
• The teens segment is expected to witness the highest growth over the forecast period. The FDA-approved, Invisalign clear aligners developed by Align Technology, have been used in the treatment of 5 million people as of 2018 and worldwide Invisalign shipments to teenagers were about 87.1 thousand cases as of 2018.

Based on the End-use Insights, the market is segmented into Hospitals, Standalone Practices, Group Practices, and Others.

• The standalone practices segment held the largest revenue share of over 50.0% in 2021 and is also expected to register a significant CAGR over the forecast period. The end-use segment is divided into hospitals, standalone practices, group practices, and others. The standalone practices segment dominated the market in 2021 as standalone practitioners are readily adopting clear aligner systems and are equipped with advanced digital technologies.
• According to Today’s RDH, a digital media company for Registered Dental Professionals, there are many benefits of choosing private/standalone dental services and some of the benefits include a wider range of dental treatments, shorter wait times, specialist and quality service, and high adoption of the latest equipment and quality materials for both diagnostics and treatment.
• Group practices are reciprocating the highest CAGR over the forecast period as it helps in minimizing costs and maximizing their earning potential while adopting newer advanced technology. The Dentistry News reported that almost half (46%) of NHS dentists are planning to move to private dentistry. 2019 Dentistry Confidence Monitor survey of more than 400 dentists working in the NHS and private settings reported that 84% of private dentists reported they were happy they can provide the level of care they want, compared to 17% of NHS dentists.

Clear Aligners Regional Outlook

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

Key Companies Profile & Market Share Insights

The global market has been characterized by intense competition. One of the key factors driving competitiveness among market players is the rapid adoption of advanced digital technology like intraoral scans, digital tooth set-ups, 3D printers, and CAD/CAM appliances. Moreover, a prominent number of these players are rapidly opting for strategic expansions and collaborations for expanding their geographical presence, increasing sales volume in emerging and economically favorable regions, and product launches.

For instance, in April 2021, Align Technology expanded its global operations by opening a manufacturing plant in Poland. This expansion will allow the company to cater to a large and underpenetrated market for Invisalign in Europe and the Middle East and Africa region. In January 2021, Dentsply Sirona acquired Straight Smile LLC (BYTE)—a leading provider in the direct-to-consumer, doctor-directed clear aligner market. This will assist the company to strengthen its SureSmile aligner business. In April 2021, Envista Holdings Corporation announced a partnership with Curaeos Clinics to provide them with the latest dental technologies. Curaeos Clinics has a wide network of dental clinics across the Netherlands, Belgium, Denmark, Germany, and Italy. Some prominent players in the global clear aligners market include:

• Align Technology
• Dentsply Sirona
• Patterson Companies Inc.
• Institute Straumann
• Danaher Corporation
• 3M EPSE
• Argen Corporation
• Henry Schein Inc.
• TP Orthodontics Inc.

Order a free sample PDF of the Clear Aligners 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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Wax Industry Overview

The global wax market size is expected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2020 to 2030. The growth is majorly driven by growing inclusion of wax as a performance additive in the plastics industry on account of its rising utilization as water and solvent-based mold release agent. Wax has become one of the critically utilized materials globally with widespread application across multiple industries. It is used in the automotive industry for vehicle polishing, hair removal, packaging applications, and as an additive in the food industry.

In addition, it is used in paints and coating industry and printing ink application. Rising demand in various applications, including candles, rubber and plastic processing, cosmetic and toiletries, fire logs, building boards, is likely to propel overall growth in the coming years.

Wax Market Segmentation

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

Based on the Product Type Insights, the market is segmented into Mineral Wax, Synthetic Wax, and Natural Wax.

• The mineral wax segment dominated the market and accounted for the largest revenue share of 67.8% in 2021. This is attributed to the growing inclusion of products in cosmetic formulation and the surge in cosmetics demand across developing and emerging economies. Mineral waxes are pure and contain no trace of esters or alcohol in beeswax or plant-based waxes.
• Paraffin wax is one of the commonly extracted waxes from the oil industry as a by-product, which ensures continuous diligent sourcing and ease of producing the wax. Paraffin product type is broadly utilized in the formulation of candles as it has the unique property to retain both scent and color for an extremely long duration. In addition, paraffin is widely used in skin softening treatment.
• The synthetic wax segment is estimated to be the fastest-growing segment in the near future, wherein the growth is attributable to rising demand for paper and paperboard and building boards. Also, an increase in demand for cosmetics and personal care, adhesives, and ink and coating sectors are expected to steer segment growth over the coming years.

Based on the Application Insights, the market is segmented into Candles, Packaging, Plastic & Rubber, Pharmaceuticals, Cosmetics & Toiletries, Fire Logs, Adhesives, and Others.

• The candles application segment dominated the market and accounted for the largest revenue share of 31.5% in 2021. This high share is attributable to the growing demand for aromatherapy through scented candles. Use of candles has become a critical household essential. Candles are available in variety of sizes, shapes, and product range like birthday, taper, utility, teal light container to novelty candles.
• The packaging application segment accounted for the second-largest revenue share in 2021. This can be traced to increasing utilization in coating, treatment, impregnation, and lamination of primary food contact materials such as paper, boards, and aluminum. Wax is not only used as a lubricant to reduce friction in production but is also often used to coat food products such as cheese, vegetables, and fruits directly.

Wax Regional Outlook

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

Key Companies Profile & Market Share Insights

The key manufacturers of wax are implementing various growth strategies to keep up with the rising demand from various applications. In order to gain further access to the global and regional markets, the companies are integrating forward through the value chain. The industry is marked by the presence of key multinationals that have established their strong regional presence with cosmetics, packaging, and paints and coating manufacturing companies. The market is observed to be strategically evolving with several multinationals involved in mergers and acquisitions, joint ventures, project expansion, and more to establish a sizeable market presence across the globe. One such example would be the acquisition of Puget Sound Refinery by HollyFrontier Corporation for USD 613.6 million in 2021. Some of the prominent players in the wax market include:

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

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

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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Water And Wastewater Treatment Equipment Industry Overview

The global water and wastewater treatment equipment market size was valued at USD 53.24 billion in 2021 and is expected to expand by a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030. The market is anticipated to reach USD 84.58 billion by 2030 according to a new report by Grand View Research, Inc. increasing demand for clean water owing to rapid urbanization and industrialization coupled with infrastructural developments in the water management industry is anticipated to drive the market growth during the forecast period.

Wastewater and its discharge sludge contain several valuable resources, including phosphorus, and nitrogen, which can be recovered and reused to preserve threatened resources. Thus, a rising focus on reducing water consumption by reusing wastewater to ensure resource efficiency and support a globular economy is likely to open new avenues for market growth.

Rapid technological developments in the global industry are expected to positively influence short- as well as long-term modifications at water & wastewater management facilities. Market players are increasingly focusing on integrating advanced technologies to develop more efficient and effective solutions for water management, thereby driving the product demand.

Water And Wastewater Treatment Equipment Market Segmentation

Grand View Research has segmented the global water & wastewater treatment equipment market based on the equipment, process, application, and region:

Based on the Equipment Insights, the market is segmented into Membrane Separation, Biological, Disinfection, Sludge Treatment, and Others.

• The membrane separation segment dominated the market in 2021, accounting for 19.81% of global sales. This segment is predicted to expand at the quickest CAGR from 2022 to 2030. Membrane separation is a physical treatment procedure that includes passing high-pressure feed water through a semi-permeable membrane to extract certain components from the solution.
• Biological treatment is usually a secondary process used to remove the remaining contaminants after primary treatment. Stringent regulations aimed at controlling water pollution in the manufacturing and municipal sectors by the utilization of eco-friendly means.
• The sludge treatment segment is expected to witness the second-highest CAGR during the forecast period. These systems include sludge drying, screening, thickening, and dewatering. Sludge screening equipment is used to remove solids, such as plastics, fibers, and hair, to prevent the disruption of subsequent sludge treatment processes.

Based on the Process Insights, the market is segmented into Primary, Secondary, and Tertiary.

• The tertiary treatment process segment led the market in 2021 accounting for over 43.0% share of the global revenue and is expected to expand further at the fastest CAGR of 5.3% from 2022 to 2030. Tertiary treatment is used to improve effluent quality before it is reused or discharged into the environment.
• The secondary treatment process segment is expected to register the second-fastest CAGR of 5.1% from 2022 to 2030. Secondary treatment is used mainly for removing the soluble organic matter and chemicals, such as phosphorus and nitrogen, using trickling filters, bio-towers, rotating biological contactors, and activated sludge systems.
• A membrane bioreactor is an advanced treatment system that integrates the conventional biological treatment processes, such as the activated sludge process with membrane filtration, to provide more efficient and effective removal of organic and suspended solids. The solid-liquid filtration is achieved by using microfiltration or ultrafiltration membranes. 

Based on the Application Insights, the market is segmented into Municipal, and Industrial.

• Municipal wastewater treatment facilities are primarily used to protect water resources and natural aquatic systems by eliminating Effluent Organic Matter (EfOM), pathogens, and nutrients from wastewater. Rising awareness pertaining to wastewater treatment and the increasing government focus on improving water and wastewater treatment infrastructure across the globe are expected to boost the segment growth during the forecast period.
• The industrial application segment is likely to witness the fastest CAGR of 5.3% during the forecast period. This segment provides a wide application scope for fresh and processed water in several industries. Rapid industrialization, technological developments, and an increasing number of production units result in high demand for fresh and processed water. The aforementioned factors are anticipated to augment the product penetration in the industrial segment.

Water And Wastewater Treatment Equipment Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is characterized by the presence of both multinational and regional players that are engaged in the designing, manufacturing, distribution, and installation of a wide range of products. Major companies have invested heavily in R&D initiatives.  They are furthermore focusing on integrating advanced technologies to develop more effective and efficient solutions, which can be utilized in the market.

Veolia, IAGE (a startup), and the IPMC (CNRS-Université Côte d’Azur) continue to work together to improve Vigie COVID-19, a groundbreaking method for quickly detecting and computing the COVID-19 virus, particularly in wastewater.

This approach was introduced first in September 2020. It has already allowed researchers to spot and calculate the Alpha, Gamma, and Beta variants, as well as the dangerous delta variant last year and the new Omicron variant presently.

As the water and wastewater treatment equipment is widely used in industrial and municipal sectors, companies are focusing on its economical scope. Market participants are forming partnerships with manufacturing companies to provide technical expertise in sectors, such as food & beverages and oil & gas.

The market is undergoing some strategic changes. For instance, in May 2022, Séché Environnement and Veolia entered into an agreement. Séché Environnement has agreed to take over a portion of Veolia’s industrial water treatment services business in France. Some of the prominent players in the global water and wastewater treatment equipment market include:

• Veolia
• Pentair plc
• DuPont
• SUEZ
• Xylem Inc.
• Aquatech International LLC
• Ecolab Inc.
• Evoqua Water Technologies LLC
• Calgon Carbon Corp.

Order a free sample PDF of the Water And Wastewater Treatment Equipment 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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