Smart Home Market - Share, Size and Industry Analysis till 2030

 The global smart home market size was valued at USD 79.16 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.07% from 2023 to 2030. Smart home products are available in the form of cameras, smart lights, streaming devices, dishwashers, and more. Growing trend of integrating Artificial Intelligence (AI) in smart home products for smart features is expected to increase product demand. Moreover, high penetration rate of smartphones and the internet globally is driving the demand for connected smart home products. Digital assistance integrated with AI is offering users a hands-free and more user-friendly deployment of smart devices, significantly impacting the buyers’ preferences.

Growing use of virtual assistants, such as Siri, Google Assistant, and Alexa, enables users to use voice commands for task automation. The emerging features of these digital assistants, such as Bluetooth speakers and hands-free channel surfing, among others are driving the demand for smart home devices. For instance, in October 2022, Google updated its assistant to support voice-input message typing along with emoji support for convenience in messaging for users. Rapid adoption of modern technologies, such as Internet of Things (IoT), blockchain, smart voice recognition, and AI, is significantly impacting the market growth.

Gather more insights about the market drivers, restrains and growth of the Global Smart Home Market

Smart Home Market Segments Highlights:

• Security & access control segment dominated the industry in 2022 and accounted for the highest share of more than 30.40% of the overall revenue. This growth is attributed to the increasing demand for smart security solutions and the need to allow authorized access to safes or rooms with valuable items.
• The home healthcare segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the trend of consumers preferring smart home healthcare products to self-diagnose, owing to rising healthcare and insurance costs.
• Wireless protocols segment is expected to grow at the highest CAGR of 27.75% over the forecast period. The segment also recorded the largest market share in 2022. This strong growth is attributed to the capabilities and features offered, such as mobile connectivity, connectivity regardless of location, and more by protocols namely, ZigBee, Wi-Fi, Bluetooth, Z Wave, and others.
• The wired protocols segment is expected to grow at a significant CAGR from 2023 to 2030 as a result of the traditional products with built-in Ethernet or cable ports.
• On the basis of applications, the global industry has been bifurcated into new construction and retrofit. The new construction segment is expected to register the fastest growth rate of more than 28.55% over the forecast period. This is mainly due to the convenience and ease of installing smart home devices at ongoing construction projects.
• The retrofit segment dominated the global industry in 2022 and accounted for the highest share of the overall revenue in the same year.
• Asia Pacific smart home market will account for the fastest CAGR of 32.21% over the forecast period. This growth is attributed to the improved standard of living and rise in disposable income among individuals in the region.
• Europe smart home market is expected to grow at a steady CAGR from 2023 to 2030. The region recorded a significant market share in 2022. This growth can be attributed to the presence of key players in the region, including ABB, Legrand, Schneider Electric SE, Siemens, Robert Bosch GmbH, and others.

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• 4K Set-top Box Market: The global 4K set-top box market size was estimated at USD 2.48 billion in 2024 and is expected to register a CAGR of 9.2% from 2025 to 2030.
• Ambient Assisted Living And Smart Home Market: The global ambient assisted living and smart home market size was valued at USD 132.12 billion in 2024 and is anticipated to grow at a CAGR of 30.8% from 2025 to 2030.

Recent Development:

• In January 2023, Schneider Electric acquired AVEVA plc to use AVEVA plc’s advanced software capabilities to introduce modern automation solutions for residential, commercial, and building complexes. The acquisition is expected to grow Schneider Electric’s home automation offering.
• In April 2022, ABB Ltd. launched a collaboration with Samsung Electronics Co., Ltd. to expand its home automation portfolio. The collaboration will make it easier for new customers to reduce costs and create a positive impact on the environment.
• In September 2022, Lutron Electronics Co., Inc. launched its Diva Smart Dimmer and Claro Smart Switch for smart lighting automation in homes which also has a wireless option.

Key Companies & Market Share Insights:

Key players use strategies, such as partnerships, acquisitions, ventures, innovations, R&D, and geographical expansions, to solidify their industry position. Companies are also focusing on improving their product offerings to better suit the changing needs of users to stay competitive. For instance, in August 2022, Amazon.com, Inc. launched its wall echo, sound bot, wall echo, and home robot as part of the company’s yearly model upgrade. Launch is expected to be in line with the company’s aim to counter upcoming competitive companies. Key companies are investing substantial capital in ventures, development, and research in modern technologies.

For instance, in January 2022, Samsung Electronics Co., Ltd. partnered with Oracle Corp. to develop smart energy solutions for its customers and combine Oracle’s contextual and behavioural energy insights with Samsung’s SmartThings products and automation services. This partnership is aimed at providing new and valuable features in their product offerings. Key players are also developing additional capabilities for smart home products to support their use in new construction homes as well as retrofit home fitments. Some prominent players in the global smart home market include:

• LG Electronics, Inc.
• Siemens AG
• com, Inc.
• Google Nest (Google LLC)
• Samsung Electronics Co., Ltd.
• Schneider Electric SE
• Legrand S.A.
• Robert Bosch GmbH
• Assa Abloy AB
• Sony Group Corp.
• ABB, Ltd.
• Philips Lighting B.V.
• Honeywell International, Inc.

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Perimeter Security Market Size, Share | Research Report 2030

 The global perimeter security market size was valued at USD 64.60 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. The increasing threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in market growth. A rise in the development of smart cities and infrastructure is the key factor driving the market. Government support for implementing different security systems at critical locations is on the rise.

Technological advancements in the field of automation have resulted in the rapid adoption of the latest techniques, such as video analytics and aerial drones to provide better results. With the growing safety concerns among the general population, the manufacturers have come up with a new multilayered perimeter protection solution. Some of the technologies that are gaining popularity are electronic fencing with sensors and infrared and integrated fiber-optic intrusion detection systems. Perimeter security systems find applications particularly at national borders, military & defense sectors, government offices, commercial domains, banks, correctional sites, and other huge industrial plants in various segments.

In the recent years the world has witnessed a tremendous rise in illegal activities, breaches of security systems, planned crimes, and terrorism activities and this has led to increased awareness among citizens as well as industries and governments. As a result, various security systems are deployed at different locations in an attempt to strengthen security. However, the increasing cost of implementing these systems is estimated to hinder the growth of the market. Moreover, improving the reliability of the systems is another challenge for all manufacturers.

Gather more insights about the market drivers, restrains and growth of the Global Perimeter Security Market

Perimeter Security Market Segments Highlights:

• Based on systems, the global market has been further categorized into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems, and others.
• The video surveillance systems segment dominated the industry and accounted for the highest share of more than 46.2% of the global revenue in 2022. Video surveillance systems are estimated to emerge as the fastest-growing type segment in the market owing to the increasing focus on the continuous capturing of images and complete safety.
• Perimeter security systems find extensive applications in all types of prisons carrying a high probability of criminals and prisoners escaping from the vicinity.
• System integration and consulting services are gaining traction among security system providers and the segment accounted for revenue share of more than 50.6% in 2022. The integration of various security systems provides the controller with more accurate information and enhanced decision-making power.
• The risk assessment & analysis services are estimated to grow at a very fast pace over the forecast period.
• The military and defense segment is leading the market with more than 25.7% of revenue share in 2022. The increasing population and growing shopping and outing trends, along with the presence of large entertainment hubs at various locations, have led to the emergence of a vast application for perimeter security systems.
• Additionally, the transportation segment is expected to grow at a faster pace owing to its immense applications in railways, freight cars and cargo vehicles to protect the valuable assets on board.
• The rising number of smart cities in Europe and the U.S. has increased the need for the security of infrastructure and devices. For this, governments are collaborating with experts to achieve the desired level of security. For instance, the German government invested around EUR 350 million in 32 projects selected from the 2020 Smart City Model Projects Program.
• North America dominated the market with the revenue share of more than 31.0% in 2022. This leading share is attributable to the presence of technology hubs in the U.S. and the continuous research and development in the field have resulted in.
• Asia Pacific is expected to emerge as the fastest-growing region over the next six years. The region is anticipated to witness growth owing to the developing infrastructure and stringent government measures towards the safety of nations.

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• Thermal Scanners Market: The global thermal scanners market was valued at USD 5.61 billion in 2024 and is projected to grow at a CAGR of 8.3% from 2025 to 2030.
• Contactless Biometrics Technology Market: The global contactless biometrics technology market size was estimated at USD 17.5 billion in 2024 and is expected to grow at a CAGR of 17.1% from 2025 to 2030.

Key Companies & Market Share Insights:

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

• Axis Communications AB
• Barrier1 Systems, Inc.
• Optex, Inc.
• Honeywell International, Inc.
• Tyco International Ltd.
• Puretech Systems
• Senstar Corporation
• Delta Scientific Corporation
• RBtec Perimeter Security Systems
• Cias Elettronica Srl

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Interactive Display Market – Industry Trends and Forecast Report 2030

 The global interactive display market size was valued at USD 41.45 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The study comprises interactive kiosk, video walls, table, monitors, and whiteboard. The interactive or touchscreen display is a display unit that accepts user commands with the help of a finger or stylus in place of peripheral devices, such as a mouse or keyboard. Additionally, these displays include screens that project information, such as texts, images, and videos. These display screens are used in various industries, such as retail, healthcare, hospitality, and education. The market is expected to witness significant growth in the coming years, primarily owing to increasing demand for digital classrooms as well as growing adoption of these displays, such as video walls and tables. These video walls and tables are used at transit spaces/public transportation, such as railway stations and airports.

Rapidly increasing adoption of touchscreen tables as well as video walls in the hospitality and corporate sectors is expected to drive the market during the forecast period. The touchscreen table acts as a menu board to indicate the waiting time of the orders taken from the customer, along with prices and ingredients. Furthermore, the use of touchscreen tables in corporate meetings has been observed to provide a better experience for the clients as well as employees. The use of such technology in offices allows better engagement between employees, management, and clients.

Gather more insights about the market drivers, restrains and growth of the Global Interactive Display Market

Interactive Display Market Segments Highlights:

• In terms of display type, the market is classified into interactive kiosk, video wall, table, display, and whiteboard. The kiosk segment dominated the overall market, gaining a market share of 73.4% in 2022 and witnessing a CAGR of 7.2% during the forecast period.
• The video wall segment is anticipated to observe the fastest growth, growing at a CAGR of 11.2% throughout the forecast period. An interactive video wall typically refers to a large display, consisting of multiple screens or projectors tiled together to form a single large visual display.
• In terms of application, the market is classified into retail, hospitality, healthcare, transportation, BFSI, corporate, entertainment, education, and others. Among these, the BFSI segment is expected to dominate in 2022, gaining a market share of 25.8% and witnessing a CAGR of 8.3% during the forecast period.
• The BFSI industry has seen rapid growth in the adoption of interactive displays in recent years. Interactive displays are becoming more popular in the BFSI industry due to their ability to improve customer engagement, enhance the customer experience, and increase the efficiency of business operations.
• The retail segment is anticipated to observe the fastest growth, growing at a CAGR of 9.1% throughout the forecast period. Demand for touch-enabled displays is anticipated to increase in the retail sector over the coming years owing to the growing trend of touch-based devices and increased usage of the interactive kiosk and table.
• The North America region led the overall market in 2022, with a market share of 40.8% Interactive displays have gained significant popularity in North America over the last decade, thanks to the growing demand for immersive and engaging technologies in various industries.
• Asia Pacific is anticipated to witness the fastest growth, growing at a CAGR of 10.2% throughout the forecast period. Interactive displays have seen tremendous growth in Asia Pacific in recent years, driven by increasing demand from various sectors such as education, corporate, and healthcare. The Asia Pacific region is home to some of the fastest-growing economies in the world, and the adoption of interactive displays is driven by factors such as technological advancements, increasing investments in education, and growing demand for interactive communication tools.

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• Interactive Video Wall Market: The global interactive video wall market size was valued at USD 18.33 billion in 2024 and is projected to grow at a CAGR of 14.0% from 2025 to 2030.
• Smart TV Market: The global smart TV market size was estimated at USD 227.52 billion in 2024 and is anticipated to grow at a CAGR of 16.6% from 2025 to 2030.

Key Companies & Market Share Insights:

The interactive display market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share. In February 2023, SMART Technologies unveiled its latest interactive displays designed for educational purposes at the TCEA Convention & Exposition held in San Antonio, Texas in 2023. The newest release comprises the SMART Board GX (V2) series and the SMART Board MX (V4) series. With this launch, these new displays are part of the SMART Board 6000S as the first interactive displays that enable multiple users to write, erase, and gesture simultaneously, on any platform and application. Some of the prominent players in the global interactive display market include:

• Box Light corporation
• eyefactive GmbH
• HORIZON DISPLAY INC.
• IDEUM
• LG Display Co.
• Marvel Technology (China) Co.,Ltd
• MMT GmbH & Co. KG.
• Panasonic Corporation
• SHARP CORPORATION
• TableConnect

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Heat Pump Market Share, Trends & Forecast by 2030

 The global heat pump market size was estimated at USD 88.7 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2030. Favorable government policies for energy-efficient solutions and lowering carbon footprint are anticipated to boost market growth over the forecast period. Many governments are providing subsidies or incentives and tax credits & rebates for the installation of heat pumps are expected to further fuel the demand for energy-efficient heat pumps, thereby, benefitting the growth of heat pump industry.

According to the U.S. Department of Energy, a 30% tax credit can be claimed for buying a property in the U.S. that has qualified heat pumps installed in connection with an existing or new dwelling unit. Italy's Conto Termico incentive scheme provides grants that cover 30-35% of costs of installing renewable heating systems in buildings. Australia also provides national grants to municipals for heat pump installation. Moreover, heat pump industry is significantly affected by the availability of raw materials, such as metals like iron & steel, adhesives, rubber, chemicals, and plastics. Thus, fluctuations in raw material prices have a direct impact on manufacturing costs, which can limit market growth to some extent.

Gather more insights about the market drivers, restrains and growth of the Global Heat Pump Market

Heat Pump Market Segments Highlights:

• The air-source technology segment dominated the market in 2023 by accounting for a share of over 84.6%. Its ability to provide water-heating solutions along with heating and cooling of space is expected to boost demand for air source technology over forecast years. In February 2023, LG introduced an air source heat pump (ASHP) capable of heating 200-270 liters of residential water.
• The water-source technology segment is expected to witness a CAGR of 8.7% over the forecast period. It is most suitable for those who live near water sources. The growing importance of GSHP in global market owing to its high energy efficiency is expected to drive market growth over the forecast period.
• The heat pump segment with up to 10-20 kW capacity accounted for a market share of 21.3% in 2023. The growth is attributed to capacity type being suitable for a wide range of uses such as in hotels, swimming pools, factories, restaurants, and schools.
• The electric operation type segment accounted for a revenue share of 86.0% in 2023. An electric heat pump utilizes electricity to transfer heat from a cool space to a warm space. These heat pumps are not only used for heating but also for cooling during the summer season.
• Hybrid heat pumps guarantee long-term savings by reducing end-users’ monthly energy expenditure. By adopting hybrid heat pumps end-users can also benefit from a tax credit or rebate thereby driving this segment’s growth.
• The residential application segment dominated the market in 2023 by accounting for a revenue share of over 86.0%. Rapid urbanization coupled with increasing demand for energy-efficient products is expected to drive demand for heat pumps in residential sector.
• The industrial application segment is expected to witness a CAGR of around 8.0% over the forecast period. Increasing demand for waste heat recovery heat pumps is projected to drive demand over coming years.
• Asia Pacific led the market and accounted for 52.6% of the global revenue share in 2023. Asia Pacific is characterized by the availability of large skilled labor at low cost. The rising trend of shifting production bases to emerging economies, mainly China and India, is expected to positively influence market growth over the forecast period.
• North America, led by the U.S. and Canada, accounted for a significant share of the global heat pump industry in 2023. Government initiatives and rebates offered to promote the incorporation of energy-saving and environment-friendly technologies are projected to augment demand for advanced heat pumps.
• The construction sector of the Middle East & Africa is projected to witness significant growth in coming years owing to the strong support of local governments for infrastructure development. In addition, the region is witnessing new developments in the form of sports facilities, hotels, and restaurants. This is anticipated to contribute to growth of the Middle East & Africa heat pump industry in the coming years.

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• Mining Drills And Breakers Market: The global mining drills and breakers market size was estimated at USD 17,492.9 million in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.
• Aluminum Casting Market: The global aluminum casting market size was estimated at USD 100.94 billion in 2024 and is projected to grow at a CAGR of 4.9% from 2025 to 2030.

Key Companies & Market Share Insights:

The manufacturers adopt several strategies, including acquisitions geographical expansions, new joint ventures, product developments, and mergers to enhance market penetration and cater to changing technological requirements of various applications such as residential, commercial, and industrial. For instance, in January 2023, Johnson Controls acquired Hybrid Energy AS. Hybrid Energy's innovative technology will provide customers with fresh, cost-effective solutions while tackling decarbonization and sustainability efforts in Europe and beyond.

• Carrier
• Daikin Industries, Ltd
• Robert Bosch GmbH
• Lennox International
• Johnson Controls, Inc.
• Midea Group
• Hitachi, Ltd.
• Ingersoll Rand Plc.
• Rheem Manufacturing Company
• HAIER (GENERAL ELECTRIC)
• Panasonic Holdings Corporation
• Danfoss
• Fujitsu
• LG Electronics, Inc.
• Samsung

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Composites Market Size, Share, and Trends Report 2030

 The global composites market size was estimated at USD 93.69 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is attributed to the rising demand for lightweight components in the automotive and transportation industry. Furthermore, increasing utilization of advanced lightweight components across the manufacturing industries is anticipated to support the market growth during the forecasted years.

Composites find application in the aerospace & defense sector owing to their ability to reduce the body weight of military aircraft and helicopters to a large extent. A reduction in weight is considered important in order to increase fuel efficiency and overall performance and is expected to emerge as the key driver propelling the industry’s growth.

The COVID-19 outburst across the globe has significantly impacted the supply chains as major economies suspended trade operations. Moreover, demand for the product across various end-use industries such as aerospace, automotive, and construction has been reduced in 2020. However, with the ease of trade restrictions, the situation is expected to recover in 2021, which is expected to restore the growth trajectory of the market.

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

Composites Market Segments Highlights:

• Glass fiber led the market and accounted for the largest revenue share of 60.0% in 2022. Glass fibers are largely used as a raw material for composites owing to their high tensile strength, rigidity, and lightweight. Additionally, it has excellent impact resistance due to which glass fiber is mainly used in composite manufacturing.
• The CFRP composites are lightweight and have high tensile strength, they are more fuel-efficient, require less upkeep, and help OEMs adhere to the strict environmental laws in Europe and North America
• Technological developments for enhancements in the strength and durability of these composites have increased penetration in pipe manufacturing applications.
• Other composite products mainly include silicon carbide fiber, aromatic polyamide fiber, and hybrid fiber. Silicon carbide fiber is a compound of carbon and silicon.
• The layup process led the market and accounted for the largest revenue share of 34.9% in 2022. The increasing production of boats, wind turbine blades, and architectural moldings are expected to fuel the growth of the layup process segment in the global composites market over the forecast period.
• Wet layup processes help in producing a variety of shapes and sizes of composite products that are used in different end-uses such as marine prototypes and storage tanks, at a lower cost of production.
• The automotive & transportation segment led the market and accounted for the largest revenue share of 21.0% in 2022. Composites find applications in automobiles, trucks, trailers, buses, trains, subways, and motorcycles. These industries utilize composites for the manufacturing of strong and lightweight components replacing the usage of metal.
• The growing demand for advanced electronics in households, as well as industrial applications, is expected to increase the demand for composites.
• The use of composites in the construction & infrastructure sector is growing rapidly due to their increasing usage in refabrication and retrofit applications. Composites are used in the construction of windows, doors, non-structural gratings, bridge components, long-span roof structures, paneling, complete bridge systems, and furniture & other interiors.
• Asia Pacific region dominated the market and accounted for a revenue share of 45.4% in the global composites demand in 2022. The Asia Pacific composite market is projected to grow significantly during the forecast period. The region is one of the most lucrative destinations for automotive, construction, aerospace, and electronics manufacturers owing to the presence of key manufacturers in the major economies including China, India, and Japan.
• In the U.S., the demand for composites is primarily driven by the increasing demand for lightweight materials in the automotive industry. Rising electrical & electronics capacity additions and steady growth in the automotive and aerospace sectors are the factors that are expected to augment the industry growth over the forecast period.
• Central & South America is one of the most lucrative markets for composites. Moreover, in recent years, the regional market exhibited relatively solid growth in construction, especially in Brazil is expected to augment demand for composites. The regional and local players are finding the market attractive on account of robust growth in end-use industries.

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• Thermal Interface Materials Market: The global thermal interface materials market size was estimated at USD 4.10 billion in 2024 and is expected to register a CAGR of 11.6% from 2025 to 2030.
• Thermal Paper Market: The global thermal paper market size was estimated at USD 4.07 billion in 2024 and is projected to grow at a CAGR of 4.2% from 2025 to 2030.

Key Companies & Market Share Insights:

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

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

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

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Clinical Decision Support Systems Market Research Report — Global Forecast till 2030

 The global clinical decision support systems market size was estimated at USD 5.30 billion in 2023 and is projected to grow at a CAGR of 10.79% from 2024 to 2030. Clinical decision support systems (CDSSs) have experienced significant advancement in recent decades, providing clinicians with vital tools to make informed decisions in patient care. These systems have emerged as a promising means to improve patient outcomes and reduce overall healthcare costs.

AI and ML technologies are transforming the CDSS market, offering advanced functionalities such as predictive analytics, pattern recognition, and tailored recommendations. AI-driven CDSSs can analyze extensive datasets, detect patterns, anticipate outcomes, and suggest optimal treatment strategies. Researchers are integrating AI with CDSS, as demonstrated by the University of Texas at Austin’s Dell Medical School researchers who developed an AI-based CDSS to aid clinicians in discussing nutrition and making decisions with patients about diet improvements in December 2022.

Gather more insights about the market drivers, restrains and growth of the Global Clinical Decision Support Systems Market

Clinical Decision Support Systems Market Segments Highlights:

• The standalone CDSS segment held the market with the largest revenue share of over 30.0% in 2023, because it is widely adopted for its low cost and simplicity.
• The integrated EHR with CDSS segment is expected to grow at the fastest CAGR during the forecast period, driven by increasing EHR adoption in multi-specialty healthcare facilities.
• In April 2023, the U.S. government proposed a rule granting providers more comprehensive access to information within their EHR systems to evaluate CDSS algorithms and outcomes.
• Based on delivery mode, the on premise segment led the market with the largest revenue share of 42.35% in 2023. On-premise CDSS solutions offer flexibility for customization and integration with existing healthcare systems and workflows, catering to specific organizational needs.
• The cloud-based segment is expected to grow at the fastest CAGR over the forecast period. Representing a significant IT advancement, they offer reliability and cost-effectiveness. Enhanced accessibility via mobile platforms and robust data protection mechanisms drive their adoption.
• Based on application, the drug allergy alerts segment held the market with the largest revenue share of over 25.0% in 2023, because it is widely utilized in clinical decision support systems (CDSSs) to enhance patient safety and prevent adverse drug reactions (ADRs).
• Based on component, the services segment led the market with the largest revenue share of 42.49% in 2023. This segment dominated the market as continuous technical support ensures CDSS functionality and performance. In addition, healthcare professionals require training to effectively utilize CDSS, further propelling segment growth.
• The software segment is expected to grow at the fastest CAGR during the forecast period. Integrated with CPOE and EHR software, CDSS software provides enhanced decision support with customized results for individual patients.
• The clinical decision support systems market in North America accounted for the revenue share of 43.76% in 2023. This dominance is fueled by the rising demand for IT solutions in healthcare and the emphasis on delivering quality healthcare services.
• The clinical decision support systems market in U.S. led the North America market. The surge is attributed to hospitals and healthcare institutes' increased adoption of electronic health records (EHRs). According to the Office of the National Coordinator for Health Information Technology, about 78% of physicians and 96% of hospitals in 2021 utilized certified EHR systems.
• The clinical decision support systems market in Europe is poised to maintain a significant share throughout the forecast period. This growth is fueled by the involvement of key market players, increasing acceptance of CDSS, and the establishment of supportive frameworks.
• The clinical decision support systems market in Asia Pacific is expected to grow at the fastest CAGR during the forecast period. In addition, technological advancements, growing healthcare demands, government backing, and increased awareness of the benefits of CDSS are driving market growth.
• The clinical decision support systems market in China is projected to grow at a significant CAGR during the forecast period. The Chinese government actively promotes the adoption of healthcare IT solutions, including CDSS, as part of its healthcare reform efforts.

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

• Fitness Tracker Market: The global fitness tracker market size was estimated at USD 60.9 billion in 2024 and is projected to grow at a CAGR of 18.0% from 2025 to 2030.
• Telerehabilitation Market: The global telerehabilitation market size was estimated at USD 5.32 billion in 2024 and is expected to grow at a CAGR of 13.2% from 2025 to 2030.

Recent Development:

• In October 2023, Wolters Kluwer Health launched AI Labs, a collective resource to integrate generative AI with UpToDate, its CDS solution, enabling medical professionals to make better-informed decisions
• In August 2023, GE HealthCare launched CardioVisio for Atrial Fibrillation, a patient-centric, digital CDS tool to allow precision care
• In February 2023, EBSCO Information Services launched new features in DynaMedex Mobile App to improve clinical decision support. These enhancements improve the mobile experience for users by enabling clinicians to deliver evidence-based patient care efficiently
• Moreover, in May 2020, DHIndia announced a partnership with EHRC@IIITB & Healthelife to develop a CDSS for the screening of COVID-19. The partnership also included the formation of a minimal triage application for front-line doctors
• In March 2020, IBM Watson Health partnered with EBSCO Information Services to enhance CDSS and operations for healthcare systems and providers

Key Companies & Market Share Insights:

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

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

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

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Thermal Interface Materials Market Demand, Recent Trends and Developments Analysis

 The global thermal interface materials market size is expected to reach USD 7.89 billion by 2030, registering a CAGR of 11.2% over the forecast period, according to a new report by Grand View Research, Inc. The increasing use of electrical equipment and electronic gadgets is expected to boost the market for thermal interface materials during the forecast period.

The rising demand for high-grade specifications in electronic devices due to the increased need in terms of consumer electronics and technology innovation is expected to support the growth of thermal interface materials. Moreover, the growing demand for the latest technological gadgets and specialty electronics for high-end operations is expected to augment the market in the projected time.

Gather more insights about the market drivers, restrains and growth of the Global Thermal Interface Materials Market

Commercial availability and enhanced performance characteristics of the products to reduce the heat transfer are likely to support the demand. Thermal interface materials conduct more heat than air, which it displaces as a substance to fill the imperfection between the physical contact of solid surfaces. These materials can also extract waste heat generated when a semiconductor electronic device is used to its maximum potential. Increased use of electronic devices in various areas such as consumer goods, and automobiles and the use of smart devices in the household, commercial, and industrial operations are expected to augment the growth of thermal interface materials during the forecast period.

The COVID-19 pandemic impacted the increased use of smart devices and electrical appliances by consumers. As a result, production and demand for thermal interface materials have increased. During the pandemic, however, supply chain disruption caused by governmental restrictions had a minor negative impact on the market. The market is highly competitive for a variety of reasons, including the high level of innovation in terms of product innovation and performance, the remarkable impact of e-commerce on the shopping experience, and product substitutes.

Thermal Interface Materials Market Report Highlights

• The computer application segment registered the highest market share of 24.0% in utilizing the product, followed by the telecom sector owing to rising reliance on computers and laptops globally for personal and professional use
• The market for greases and adhesives products in 2022 accounted for USD 1,164.6 million in revenue and is expected to expand at a CAGR of 11% over the forecast period owing to their suitable lubrication properties like viscosity, thermal stability, and oxidation resistance
• Asia Pacific was the largest regional segment accounting for 38.1% of the total market share in terms of revenue in 2022 due to the prominence of expansion in the medical and pharmaceutical industry in the emerging economies
• Tapes & films accounted for a revenue of USD 508.7 million in 2022 on account of high demand for the electronic and electrical equipment due to requirements related to heat dissipation

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• Smart Materials Market: The global smart materials market size was valued at USD 72.36 billion in 2023 and is projected to grow at a CAGR of 8.0% from 2024 to 2030.
• Wood Chipper Machines Market: The global wood chipper machines market size was valued at USD 402.9 million in 2024 and is expected to grow at a CAGR of 5.0% from 2025 to 2030.

Thermal Interface Materials Market Segmentation

Grand View Research has segmented the thermal interface materials market on the basis of product, application and region:

Thermal Interface Materials Product Outlook (Revenue, USD Million, 2018 - 2030)

• Tapes And Films
• Elastomeric Pads
• Greases And Adhesives
• Phase Change Materials
• Metal Based
• Others

Thermal Interface Materials Application Outlook (Revenue, USD Million, 2018 - 2030)

• Telecom
• Computer
• Medical Devices
• Industrial Machinery
• Consumer Durables
• Automotive Electronics
• Others

Thermal Interface Materials Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Mexico
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE

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

Point Of Care Diagnostics Market Shares, Strategy, and Forecasts, Worldwide Report 2030

 The global point of care diagnostics market size is expected to reach USD 68.5 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The introduction of advanced technologies such as Telehealth enabled POCT is expected to fuel market growth. Furthermore, the rise in the geriatric population and their need for accessible home-based care are anticipated to drive the market.

The adoption of POCT in emerging economies such as Africa and Latin America is anticipated to be a growth determinant of the global POCT market. The authorities are decentralizing the healthcare system and increasing their investments. For instance, the African regulations in Kenya allotted USD 346.7 to Managed Equipment Services project for the government's initiative toward modernizing facilities by procuring new equipment. The Ministry of Health selected GE Health and Philips to offer equipment across 47 countries. Similarly, Latin America decentralized IVD testing, which encourages private players to take strategic initiatives to meet the region’s existing demand for affordable POCT, especially in the infectious diseases segment.

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Currently developed POC devices and tests are employed across different medical diagnostic applications, including cancer, pregnancy, and infectious diseases. Patients and physicians employ POC tests to screen conditions, confirm diagnoses, and design suitable therapeutic approaches based on patient health. However, the enthusiasm displayed by different consumers, such as doctors, patients, and caregivers, varies widely. This dynamic consumption pattern of POC diagnostic products is also attributed to economic scalability, financial interests, and lack of a universal healthcare structure.

Point Of Care Diagnostics Market Report Highlights

• The Infectious disease led the market and accounted for 27.8% of global revenue share in 2023. Growth of the segment is attributed to increasing demand for rapid tests, which has encouraged industry players to deliver point of care solutions to decentralized regions and launch innovative solutions.
• Home sector is projected to witness the highest growth rate over the forecast period owing to the comfort level and cost-effectiveness of point of care diagnostics provided to patients at home. POCT devices are easy to use and do not, mandatorily, require any modern lab infrastructure for testing simpler target analytes in a patient's sample
• North America dominated the market and accounted for a 42.9% share in 2023 owing to the increasing demand for new technologies, a large pool of key players, and advanced healthcare infrastructure
• The Asia Pacific is anticipated to witness significant growth in the market owing to the rising prevalence of cancer, diabetes, cardiovascular diseases, and infectious diseases. The increasing population with limited disposable income is the potential target market for the key players in the region

Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.

• Multi Cancer Early Detection Market: The global multi cancer early detection market size was estimated at USD 1.12 billion in 2024 and is projected to grow at a CAGR of 17% from 2025 to 2030.
• Proteinase K Market: The global proteinase K market size was estimated at USD 4.78 billion in 2024 and is expected to grow at a CAGR of 8.5% from 2025 to 2030.

Point Of Care Diagnostics Market Segmentation

Grand View Research has segmented the global point of care diagnostics market on the basis of on product, end use, and region:

Point Of Care Diagnostics Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Glucose Testing
• Hb1Ac Testing
• Coagulation Testing
• Fertility/Pregnancy
• Infectious Disease
  • HIV POC
  • Clostridium Difficile POC
  • HBV POC
  • Pneumonia or Streptococcus Associated Infections
  • Respiratory Syncytial Virus (RSV) POC
  • HPV POC
  • Influenza/Flu POC
  • HCV POC
  • MRSA POC
  • TB and Drug-resistant TB POC
  • HSV POC
  • COVID-19
  • Other Infectious Diseases
• Cardiac Markers
• Thyroid Stimulating Hormone
• Hematology
• Primary Care Systems
• Decentralized Clinical Chemistry
• Feces
• Lipid Testing
• Cancer Marker
• Blood Gas/Electrolytes
• Ambulatory Chemistry
• Drug of Abuse (DOA) Testing
• Autoimmune Diseases
• Urinalysis/Nephrology

Point Of Care Diagnostics End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Clinics
• Hospitals
• Home
• Assisted Living Healthcare Facilities
• Laboratory

Point Of Care Diagnostics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

Order a free sample PDF of the Point Of Care Diagnostics Market Intelligence Study, published by Grand View Research.

Medical Device Outsourcing Market Growth, Scope, Demand and Global Outlook by 2030

 The global medical device outsourcing market size is expected to reach USD 292.9 billion by 2030, at a CAGR of 12.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for advanced medical products and a growing trend of offshoring is fueling the medical device outsourcing market growth.

Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public which 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 undertakes special spontaneous inspection of outsourced products to test the quality as well as conformity with standards.

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Contract manufacturers, especially in developed countries like the U.S., EU nations, and Japan, comply with the international standard for the 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. 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 global medical device outsourcing market.

Owing to COVID-19, there was a decline in the number of diagnoses for other diseases like cancer and tuberculosis among others. The recovery from COVID-19 is expected to increase demand for the medical devices used for diagnosing these diseases. Public organizations across the globe are taking initiatives to increase the production of medical equipment to prevent a future shortage. For instance, in January 2021, U.S. president Joseph Biden in response to the pandemic preparedness emphasized improving gaps in the supply chain by augmenting domestic manufacturing of test kits, PPE, and durable medical equipment.

Medical Device Outsourcing Market Report Highlights

• The contract manufacturing market dominated the market with a share of 54.4% in 2023 owing to the growing trend of outsourcing by OEM to third-party manufacturers, especially in emerging countries
• The cardiology segment dominated the application segment with a market share of 21% in 2023. Rising demand for cardiovascular devices as a result of the increasing prevalence of associated conditions is attributed to the growth of outsourcing of these devices
• The Class II segment dominated the class type market and accounted for 81.34% in 2023. The key factors contributing to the growth of the segment are the majority of the devices almost 43.0% fall under this category and the cost of medical devices is also high
• Asia Pacific region dominated the global market in 2022 with a share of 41.3% owing to lower cost and availability of skilled human resources.

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

• High Pressure Balloon Catheter Market: The global high pressure balloon catheter market size was estimated at USD 3.03 billion in 2024 and is anticipated to grow at a CAGR of 8.90% from 2025 to 2030.
• Wearable Artificial Kidney Market: The global wearable artificial kidney market size was valued at USD 575.5 million in 2024 and is anticipated to grow at a CAGR of 6.9% from 2025 to 2030.

Medical Device Outsourcing Market Segmentation

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

Medical Device Outsourcing Service Outlook (Revenue, USD Million, 2018 - 2030)

• Quality Assurance
• Regulatory Affairs Services
  • Clinical Trials Applications & Product Registrations
  • Regulatory Writing & Publishing
  • Legal Representation
  • Others
• Product Design & Development Services
  • Designing & Engineering
  • Machining
  • Molding
  • Packaging
• Product Testing & Sterilization Services
• Product Implementation Services
• Product Upgrade Services
• Product Maintenance Services
• Contract Manufacturing
  • Accessories Manufacturing
  • Assembly Manufacturing
  • Component Manufacturing
  • Device Manufacturing

Medical Device Outsourcing Application Outlook (Revenue, USD Million, 2018 - 2030)

• Cardiology
• Diagnostic Imaging
• Orthopedic
• IVD
• Ophthalmic
• General & Plastic Surgery
• Drug Delivery
• Dental
• Endoscopy
• Diabetes Care
• Others

Medical Device Outsourcing Class Outlook (Revenue, USD Million, 2018 - 2030)

• Class I
• Class II
• Class III

Medical Device Outsourcing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Switzerland
  • Sweden
  • Belgium
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • South Korea
  • Thailand
  • Taiwan
  • Australia
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt

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

Life Science Tools Market To Deliver Prominent Growth & Striking Opportunities

 The global life science tools market size is expected to reach USD 330.69 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.8% from 2023 to 2030. This growth can be attributed to a rise in government funding for life science technologies, demand for cell and gene therapies, an increase in the adoption of biopharmaceuticals, and growing competition among prominent companies in the market.

The exponential rise of COVID-19 cases globally requires rapid diagnosis for containment of the spread of infectious disease, which boosted the demand for life science tools during the pandemic and had a positive impact on the market. Rapid diagnosis of the infection, effective treatments, and preventative plans are essential for the management of cases during the COVID-19 pandemic. The current race for the development of cost-effective point-of-contact test kits and efficient laboratory methodologies for confirmation of SARS-CoV-2 infection has driven a new frontier of diagnostic innovation. During this pandemic, the U.S. FDA granted Emergency Use Authorizations (EUAs) to several diagnostic tests to make them rapidly and easily available for use. For example, in May 2022, the U.S. FDA granted a EUA to ID NOW COVID-19 2.0, a rapid in-vitro diagnostic test by Abbott Diagnostics Scarborough, Inc. Moreover, a wide range of commercial COVID-19 tests is available in the marketplace, which will further add to revenue generation.

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Additionally, the life science tools industry is expanding based on the increasing investments by the government for the advancement of research and technologies. Organizations such as The National Human Genome Research Institute (NHGRI) and the National Institutes of Health (NIH) are actively funding various life science projects. For instance, the NIH funded USD 25 million for the ‘4D Nucleome Program’, which aims to understand gene regulation and cellular expression via the nuclear organization. Moreover, the U.S. government has funded several life sciences companies for R&D purposes. For instance, the Biomedical Advanced Research and Development Authority (BARDA) has planned to make awards worth USD 750,000 to facilitate the development of innovative technologies in the healthcare sector. Thus, the increase in government funding for life science research as well as technologies is expected to drive the market in the coming years.

Life Science Tools Market Report Highlights

• By technology, cell biology technology accounted for the largest share in 2022. The introduction of novel technologies for the usage and adoption of stem cells, CAR T-cells, TCR T-cells, NK T-cells, and other cell therapies is expected to boost revenue generation in this segment
• By product, the cell culture systems and 3D cell culture segment held the largest share in 2022. Cell biology is gaining popularity across multiple aspects in the life science industry, which is contributing significantly to the revenue generated by this segment
• By end-use, the healthcare segment generated the highest revenue in 2022. The rise in adoption of proteomic and genomic workflows in clinics, hospitals, and diagnostic laboratories for the treatment and diagnosis of several clinically presented abnormalities is anticipated to drive the market
• North America accounted for the largest revenue share in 2022. The rapid adoption of genomics, proteomics, oncology, and diagnostic screening in the region has contributed to regional growth. In addition, a number of major market players are continuously engaged in the development of advanced tools for life science research in this region
• Asia Pacific is expected to grow at the highest rate over the projected period. Investments by global companies in this region to utilize the untapped avenue and lucrative opportunities will drive the regional market

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

• Next-generation Sequencing Data Analysis Market: The global next-generation sequencing data analysis market size was valued at USD 999.4 million in 2024 and is expected to expand at a CAGR of 23.10% from 2025 to 2030.
• Stem Cell Therapy Market: The global stem cell therapy market size was estimated at USD 456.0 million in 2024 and is expected to grow at a CAGR of 25.23% from 2025 to 2030.

Life Science Tools Market Segmentation

Grand View Research has segmented the global life science tools market on the basis of technology, product, end-use, and region:

Life Science Tools Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Genomic Technology
• Proteomics Technology
• Cell Biology Technology
• Other Analytical & Sample Preparation Technology
• Lab Supplies & Technologies

Life Science Tools Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Cell Culture Systems & 3D Cell Culture
• Liquid Chromatography
• Mass Spectrometry
• Flow Cytometry
• Cloning & Genome Engineering
• Microscopy & Electron Microscopy
• Next Generation Sequencing
• PCR & qPCR
• Nucleic Acid Preparation
• Nucleic Acid Microarray
• Sanger Sequencing
• Transfection Devices & Gene Delivery Technologies
• NMR
• Other Separation Technologies
• Other Products & Services

Life Science Tools End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Government & Academic
• Biopharmaceutical Company
• Healthcare
• Industrial Applications
• Others

Life Science Tools Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

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

Facial Injectable Market Growth Drivers With Outlook And Opportunity Forecast To 2030

 The global facial injectable market size is expected to reach USD 24.92 billion by 2030, registering a CAGR of 12.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The facial injectables are crucial in anti-aging treatments and are particularly used to stop damage such as hyperpigmentation and early aging. The most popular treatments across all socioeconomic groups are Botox and fillers, which have gained immense popularity.

Growing focus on physical appearance, especially in developing countries is one of the key factors expected to drive the market. In addition, a shift in consumer preference towards minimally invasive procedures is also expected to support market growth. According to the American Society of Plastic Surgeons (ASPS), in 2020, botulinum toxin A and soft tissue fillers were among the top 5 minimally invasive procedures carried out in the U.S. Thus, facial injectable holds high growth prospects in the years to come.

The onset of the pandemic led to nonurgent and cosmetic surgeries being put on hold in the first and second quarters of 2020. Since there were stringent restrictions imposed by the authority bodies as a precaution, the coronavirus outbreak has had an impact on every industry, including the cosmetics industry. Aesthetics-related product supply chains were also impacted. The demand-supply chain across the whole medical device sector has been severely disrupted by the pandemic.

Gather more insights about the market drivers, restrains and growth of the Global Facial Injectable Market

Facial Injectable Market Report Highlights

• Based on product, the botulinum toxin type A segment is projected to dominate the market throughout the forecast period. It is one of the most popularly used minimally invasive procedures
• Based on application, the facial line correction segment dominated the market and accounted for the largest revenue share of 33.2% in 2022. This growth is owing to the increasing use of facial injectables for aesthetic procedures such as facial lines, wrinkles on the face, and lip lines
• Based on end-use, the medSpa segment dominated the market and held the largest revenue share of 46.8% in 2022. All noninvasive treatments are performed in these facilities, which include facial injections, non-invasive body contouring, skin rejuvenation, and laser treatments by experienced professionals
• North America dominated the market with a revenue share of 39.7% in 2022 owing to the easy availability of the products and the presence of a large number of skilled surgeons
• The Asia Pacific region is expected to serve as a key revenue-generating center. The region is backed by countries such as India, where a growing focus on physical appearance is expected to create a lucrative opportunity for the market

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

• High Pressure Balloon Catheter Market: The global high pressure balloon catheter market size was estimated at USD 3.03 billion in 2024 and is anticipated to grow at a CAGR of 8.90% from 2025 to 2030
• Non-invasive Coronary Imaging Market: The global non-invasive coronary imaging market size was estimated at USD 404.3 million in 2024 and is expected to grow at a CAGR of 6.6% from 2025 to 2030.

Facial Injectable Market Segmentation

Grand View Research has segmented the global facial injectable market based on product, application, end-use, and region:

Facial Injectable Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Collagen & PMMA Microspheres
• Hyaluronic Acid (HA)
• Botulinum Toxin Type A
• Calcium Hydroxylapatite (CaHA)
• Poly-L-lactic Acid (PLLA)
• Others

Facial Injectable Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Facial Line Correction
• Lip Augmentation
• Face Lift
• Acne Scar Treatment
• Lipoatrophy Treatment
• Others

Facial Injectable End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• MedSpas
• Dermatology Clinics
• Hospitals

Facial Injectable Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

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

Biopharmaceutical CMO And CRO Market expected to show significant growth over the forecast period

 The global biopharmaceutical CMO and CRO market was valued at USD 54.12 billion in 2030 and is anticipated to grow at a CAGR of 5.6% from 2024 to 2030 according to a new study by Grand View Research, Inc. Post-pandemic the market is being driven by the growing interest of conventional drug developers in the biological therapeutics. At present, outsourcing has become a cost-saving strategy for small- to medium-sized biomanufacturers, as it helps in eliminating the need for establishing costly specialized facilities or hiring and training personnel. The post-pandemic recovery has started owing to positive pipeline developments across modalities.

For instance, Lonza and Moderna announced a ten-year collaboration for the commercial manufacturing of the COVID-19 vaccine. Such developments compensated for minor delays in clinical trials that occurred during the first half of 2020. The contract manufacturing organization segment is projected to unlock lucrative growth opportunities over the foreseeable future. The decline in R&D productivity and increased development costs have resulted in high pressure on biopharmaceutical manufacturers pertaining to short-term earnings and profit margins. This, in turn, has created lucrative opportunities for the CMOs & CROs to accelerate their business operations.

The robustness of venture capital investments is one of the important supportive factors that has created opportunities for the growth of CMOs. Venture capital funds are considered more reliable than public equity. An increase in the availability of venture funds for life sciences is expected to bolster the growth of CMOs. However, these CMOs & CROs are expected to face competition from in-house departments of pharmaceutical & biotechnology companies. Several big pharma companies like Novartis announced to maintain and expand their biomanufacturing processes in-house over the coming years.

Gather more insights about the market drivers, restrains and growth of the Global Biopharmaceutical CMO And CRO Market

Biopharmaceutical CMO And CRO Market Report Highlights

• Non-mammalian cell line-based bioproduction system is expected to be the fastest-growing segment over the forecast period
• Innovative strategies are being implemented to identify and explore the potential of various microbe
• This can be attributed to increasing investments in research programs for the development of novel therapeutics
• The market in North America is recognized as a leader in biopharmaceutical innovations, thereby resulting in a large share of 33.9%
• Moreover, the presence of several service providers and a higher concentration & number of biopharmaceutical firms in the region supports the market growth
• The key players are involved in establishing mutually beneficial alliances with other emerging CMOs to scale up their production capabilities

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

• Tracheostomy Products Market: The global tracheostomy products market size was estimated at USD 216.9 million in 2024 and is expected to grow at a CAGR of 4.3% from 2025 to 2030.
• Oral Syringes Market: The global oral syringes market size was valued at USD 742.5 million in 2024 and is expected to grow a CAGR of 6.1% from 2025 to 2030.

Biopharmaceutical CMO And CRO Market Segmentation

Grand View Research has segmented the global biopharmaceutical CMO & CRO Market report on the basis of source, service, product, and region:

Biopharmaceutical CMO And CRO Source Outlook (Revenue, USD Billion, 2018 - 2030)

• Mammalian
• Non-mammalian

Biopharmaceutical CMO And CRO Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Contract Manufacturing
  • Process Development
  • Fill & Finish Operations
  • Analytical & QC Studies
  • Packaging
• Contract Research
  • Oncology
  • Inflammation & Immunology
  • Cardiology
  • Neuroscience
  • Others

Biopharmaceutical CMO And CRO Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Biologics
  • Monoclonal antibodies (MAbs)
  • Recombinant Proteins
  • Vaccines
  • Antisense, RNAi, & Molecular Therapy
  • Others
• Biosimilars

Biopharmaceutical CMO And CRO Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Norway
  • Denmark
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

Order a free sample PDF of the Biopharmaceutical CMO And CRO Market Intelligence Study, published by Grand View Research.

Wound Care Market set to Witness Rapid Growth by 2030

 The global wound care market is anticipated to reach USD 29.57 billion by 2030, growing at a CAGR of 4.19% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing number of surgical cases, a rapidly aging population, as well as a rising number of diabetic patients, are among the major factors driving this market’s growth. For instance, according to Ageing Asia, as of 2019, more than 139 million people, i.e., about 10% of India’s total population, were over 60. This is expected to increase up to 19.5% in 2050. The geriatric population is more susceptible to wounds, and thus, increasing the number of elder populations, the wound care market is anticipated to propel during the forecast period.

The wound care market has seen significant technological advancements in recent years, leading to the development of new and innovative products for treating various types of wounds. Growth factors are naturally occurring proteins that stimulate cell growth and division. These proteins can be used in wound care to promote healing and tissue regeneration. For example, platelet-derived growth factor (PDGF) is effective in promoting the healing of chronic wounds. 3D printing technology has revolutionized the production of custom-made wound care products, such as prosthetic limbs, orthotics, and wound dressings.

Gather more insights about the market drivers, restrains and growth of the Global Wound Care Market

In addition, many leading manufacturers are undergoing strategic initiatives such as product launches, partnerships, and geographic expansion, which may help them capitalize on the increasing demand for wound care products during the forecast period. For instance, Human Biosciences planned on launching two new wound care products in the Indian market. The launch of these products in the Indian market is expected to help the company capture the post-pandemic wound care market in India. Thus, similar initiatives by other market players are anticipated to boost the wound care market post-pandemic.

Wound Care Market Report Highlights

• Based on product, advanced wound dressing dominated the wound care market with a share of 34.9% in 2024, owing to the advantages offered by these dressings over traditional.
• Based on application, the chronic wound segment will likely dominate the wound care market with a market share of 59.9% in 2024, owing to increased diabetic foot ulcers and pressure ulcers worldwide.
• Based on end-use, the hospital segment dominated the wound care market, owing to the increasing number of surgical site infections among hospital patients. On the other hand, the home healthcare segment is anticipated to witness the fastest growth in the forecast period.
• Based on the mode of purchase, the prescribed segment dominated the wound care market, with a share of 62.8% in 2024.
• Based on the distribution channel, the institutional sales segment dominated the market. However, the retail sales segment is anticipated to witness the fastest growth, with a CAGR of 4.6% over the forecast period.
• North America dominated the wound care market with the highest revenue share of 45.5% in 2024 owing to the increasing number of surgical procedures and technological advancements.

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

• Synoptophore Market: The global synoptophore market was estimated at USD 256.1 million in 2024 and is projected to grow at a CAGR of 6.9% from 2025 to 2030.
• 3D Medical Imaging Devices Market: The global 3D medical imaging devices market size was estimated at USD 12.74 billion in 2024 and is expected to expand at a CAGR of 8.11% from 2025 to 2030.

Wound Care Market Segmentation

Grand View Research has segmented the global wound care market report on the basis of product, application, end-use, mode of purchase, distribution channel and region:

Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Advanced Wound Dressing
  • Foam Dressings
  • Hydrocolloid Dressings
  • Film Dressings
  • Alginate Dressings
  • Hydrogel Dressings
  • Collagen Dressings
  • Other Advanced Dressings
• Surgical Wound Care
  • Sutures & staples
  • Tissue adhesive and sealants
  • Anti-infective dressing
• Traditional Wound Care
  • Medical Tapes
  • Cotton
  • Bandages
  • Gauzes
  • Sponges
  • Cleansing Agents
• Wound Therapy Devices
  • Negative pressure wound therapy
  • Oxygen and hyperbaric oxygen equipment
  • Electric stimulation devices
  • Pressure relief devices
  • Others

Wound Care Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic Wounds
  • Diabetic foot ulcers
  • Pressure ulcers
  • Venous leg ulcers
  • Other chronic wounds
• Acute Wounds
  • Surgical & traumatic wounds
  • Burns

Wound Care End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Physician’s Office
• Nursing Homes
• Others

Wound Care Mode Of Purchase Outlook (Revenue, USD Million, 2018 - 2030)

• Prescribed
• Non-prescribed (OTC)

Wound Care Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Institutional Sales
• Retail Sales

Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

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

Smart Agriculture Market Size, Share & Trends Analysis Report By 2030

 The global smart agriculture market size is expected to reach USD 54.71 billion by 2030, registering a CAGR of 13.7% during the forecast period, according to a new report by Grand View Research, Inc. The major factors driving the growth of the agtech industry are the increasing use of Artificial Intelligence (AI) and Internet of Things (IoT) and the integration of image processing technologies into agriculture. Agriculture has grown significantly in recent years owing to precision agriculture practices. The development plan of several nations, such as India, China, and Brazil, emphasizes digital transformation and digitization across various sectors, including agriculture.

The smart agriculture business is predicted to be driven by factors such as constant population increase, favourable government incentives, a scarcity of cultivable land, and a desire for high and fresh-quality food. According to World Health Organization (WHO) and Population Council, an estimated 80% of the world's population lives in urban cities. However, the current land constraint in metropolitan areas has compelled producers to find a new way to produce fresh vegetables. The adoption of smart agriculture techniques will allow producers to grow crops indoors, in a multi-story building, stacked on racks, and in warehouse.

Gather more insights about the market drivers, restrains and growth of the Global Smart Agriculture Market

Smart farming can be utilized to produce organic crops on a vast scale. Vertical farming can be used in the large-scale production of organic crops. Controlled growing technologies such as hydroponics and aeroponics eliminate the use of chemical pesticides. Crops are produced in carefully chosen and well-monitored circumstances to guarantee optimal growth all year. As compared to open-field agriculture and other farming practices, vertical farm systems provide more crop rotation. Controlled humidity, temperature, and daylight will eventually result in a faster crop cycle. It takes 21 days for the system to produce fresh vegetables and greens. The growth rate is controlled with the help of a computer database that manages optimum growing conditions for various varieties such as baby spinach, lettuces, baby rocket, tatsoi, and basil.

Technological improvements in numerous industries have also positively impacted agriculture, as landowners and farmers are always striving to get the most out of their resources and land. Furthermore, due to labor difficulties such as a shortage of qualified farmers, a rising number of aged farmers, and a growing trend of large-scale farms, agriculture automation is gaining pace. Innovations in GPS mapping and associated farm applications, as well as advancements in precision agriculture, are also assisting farmers in operating more effectively and increasing their profit margins.

Smart Agriculture Market Report Highlights

• Precision farming agriculture type held the significant market share in 2023 as it allows measured application of agriculture inputs such as fertilizers and pesticides, thereby boosting the crop yield
• The software segment is expected to register the highest growth rate over the forecast period. Cloud-based software is expected to be in high demand in the coming years
• Smart greenhouse application is expected to be the fastest-growing segment during the forecast period of 2024 to 2030. HVAC management applications held the largest share in terms of revenue in 2023
• The increasing adoption of modern technologies in agriculture, along with the reduced price of connected devices, is likely to influence the demand for smart agriculture solutions in the Asia Pacific regional market.

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Smart Agriculture Market Segmentation

Grand View Research has segmented the Smart Agriculture market based on offering, application, and regions

Smart Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision farming
• Livestock monitoring
• Smart greenhouse
• Others

Smart Agriculture Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
  • Automation & control systems
  • Sensing devices
  • HVAC system
  • LED grow light
  • RFID tags & readers
• Software
  • Web-based
  • Cloud-based
• Types
  • System integration & consulting
  • Maintenance & support
  • Managed types
  • Assisted professional types

Smart Agriculture Application Outlook (Revenue, USD Million; 2017 - 2030)

• Precision farming application
  • Yield monitoring
  • Field mapping
  • Crop scouting
  • Weather tracking & forecasting
  • Irrigation management
  • Inventory management
  • Farm labor management
• Livestock monitoring application
  • Milk harvesting
  • Breeding management
  • Feeding management
  • Animal comfort management
  • Others
• Smart greenhouse application
  • Water & fertilizer management
  • HVAC management
  • Yield monitoring
  • Others
• Others

Smart Agriculture Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa (MEA)

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