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.

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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.

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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

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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.

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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.

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

• Satellite Propulsion System Market: The global satellite propulsion system market size was estimated at USD 11.05 billion in 2024 and is projected to grow at a CAGR of 13.6% from 2025 to 2030.
• AI In Cybersecurity Market: The global AI in cybersecurity market size was estimated at USD 25.35 billion in 2024 and is expected to witness a CAGR of 24.4% from 2025 to 2030.

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.

Machine Vision Industry Leading Players Updates and Growth Analysis Report 2030

 The global machine vision market size is expected to reach USD 41.60 billion by 2030, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across the industrial sectors is leading to the application of vision-guided robotic systems. Industrial verticals such as automotive, pharmaceutical, packaging, and food and beverage are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

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Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to greater adaptability of the technology in the industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control owing to the increasing need for quality inspection and production. In addition, the growing automation in industrial segments is facilitating the growth of the market at a considerable rate. The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors such as the growing inception of the technology and the increasing need for quality products are influencing the market growth. Furthermore, machine vision systems are gaining traction in medical and healthcare applications at a considerable pace. The analysis of medical images and robotic applications for carrying out various medical activities are the key roles of the technology in these sectors.

Machine Vision Market Report Highlights

• The PC-based product segment accounted for the largest revenue share in 2022 and is estimated to dominate the market over the forecast period
• The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by the positioning and guidance application segment
• By end-use industry, the food and beverage industry is expected to register the highest CAGR over the forecast period
• The industry is expected to witness substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan

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

• Next Generation Computing Market: The global next generation computing market size was valued at USD 152.13 billion in 2024 and is expected to grow at a CAGR of 16.6% from 2025 to 2030.
• Artificial Intelligence In Marketing Market: The global artificial intelligence in marketing market size was estimated USD 20,447.1 million in 2024 and projected to grow at a CAGR of 25.0% from 2025 to 2030.

Machine Vision Market Segmentation

Grand View Research has segmented the global machine vision market based on offering, product, application, end-use industry, and region:

Machine Vision Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
  • Camera
  • Frame Grabber
  • Optics/Lenses
  • LED Lighting
  • Processor
• Software
  • Barcode Reading
  • Standard Algorithm
  • Deep Learning Software
• Services
  • Integration
  • Solution Management

Machine Vision Product Outlook (Revenue, USD Million, 2017 - 2030)

• PC Based
• Smart Camera Based

Machine Vision Application Outlook (Revenue, USD Million, 2017 - 2030)

• Quality Assurance and Inspection
• Positioning and Guidance
• Measurement
• Identification

Machine Vision End-use Industry Outlook (Revenue, USD Million, 2017 - 2030)

• Automotive
• Pharmaceuticals & Chemicals
• Electronics & Semiconductor
• Pulp & Paper
• Printing & Labelling
• Food & Beverage (Packaging and Bottling)
• Glass & Metal
• Postal & Logistics
• Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)

Machine Vision Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

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

Food Safety Testing Industry Analysis, Opportunities And Forecast Report, 2030

 The global food safety testing market size is expected to reach USD 38.25 billion by 2030, registering a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in the outbreak of foodborne diseases and the enforcement of stringent regulatory norms regarding optimum quality of edible items are expected to drive the demand for product safety in the market over the projected period.

Governments and food producers have undertaken extensive efforts to improve the quality of edible products owing to health concerns and economic losses caused by contamination. In addition, the presence of authorities, such as the FDA and FSSAI, to ensure conformance to quality standards for the products, is expected to result in increased safety checks. The market for this type of safety checks is highly competitive in nature as key players compete not only with other companies that conduct tests but also with the internal analytics departments of end users and government agencies.

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The food safety testing market is witnessing notable technological developments such as the usage of electrical biosensors in microbiological safety testing. This is expected to reduce the analysis time with increased accuracy in results. In addition, increasing expenditure by processing companies to ensure higher quality of edible items is expected to bode well for market growth.

The existence of inadequate regulatory infrastructure in underdeveloped countries due to limited resources and lack of restructuring of food regulatory agencies is expected to limit growth. However, the industry in Asia Pacific is expected to grow owing to notable growth of food processing sector in developing economies such as India and China and the enforcement of stringent regulations regarding product safety. Increasing awareness regarding quality checks and the examining of edible products are also expected to contribute to the market growth over the forecast period.

Food Safety Testing Market Report Highlights

• Allergen segment accounted for 12.8% of the revenue share of the market in 2023 owing to its extensive usage in advanced production processes and minimize contamination risks
• Dairy & dairy products segment is expected to grow at a CAGR of 7.7% from 2024 to 2030 owing to increasing assessment of shelf-life for milk & dairy products to demonstrate compliance with statutory requirements
• The Asia Pacific food safety testing market is anticipated to grow at a CAGR of 9.0% over the forecast period. The market is growing owing to the implementation of stringent rules and regulation regarding the food.

Browse through Grand View Research's Food Safety & Processing Industry Research Reports.

• Grain Processing Equipment Market: The global grain processing equipment market size was valued at USD 5.57 billion in 2024 and is expected to grow at a CAGR of 3.7% from 2025 to 2030.
• Dairy Processing Equipment Market: The global dairy processing equipment market size was estimated at USD 13.49 billion in 2024 and is projected to grow at a CAGR of 6.5% from 2025 to 2030.

Food Safety Testing Market Segmentation

Grand View Research has segmented the global food safety testing market based on test, application, and region:

Food Safety Testing Test Outlook (Revenue, USD Billion, 2018 - 2030)

• Allergen Testing
• Chemical & Nutritional Testing
• Genetically Modified Organism (GMO) Testing
• Microbiological Testing
• Residues & Contamination Testing
• Others

Food Safety Testing Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Meat, Poultry, & Seafood Products
• Dairy & Dairy Products
• Processed Food
• Beverages
• Cereals & Grains
• Others

Food Safety Testing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

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

Flight Simulator Industry Size, Trends, Statistics and Analysis Report, 2030

 The global flight simulator market size is expected to reach USD 7.19 billion by 2030, expanding at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc.  Increasing adoption of Full Flight Simulator (FFS) owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for fixed Flight Training Devices (FTDs) on account of their low operational costs, modular approach, real-time aerodynamic aviation model, and remote configuration and management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.

The market is poised for growth owing to advances in aircraft simulation technology which is expected to change the pilot training. The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the flight simulators market. Increase in government spending and growing security concerns particularly in the military sector is anticipated to escalate product demand significantly. The rising concerns over pilot training cost along with fluctuating fuel prices may further drive the market over the next eight years.

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The design of aircraft simulators is based on original cockpit of respective aircraft models. Companies like Lufthansa Aviation Training offer simulators with cockpit designs from aircraft manufacturers like Airbus S.A.S, Boeing, Bombardier, and Embraer. The company provides simulators with navigation trainer, which imparts practical instrument training by replicating different weather and environmental conditions. Technological advancements have significantly resulted in motion systems being converted from hydraulic to electric for improved fidelity and smoothness. Additionally, advancements such as the onset of advanced visual systems that offer more than 180-degree view in satellite quality of all important objects at the relevant airport is also anticipated to provide growth prospects in this industry.

Flight Simulator Market Report Highlights

• The FFS product segment accounted for over 92.0% of the overall revenue in 2022. This growth is owing to features that provide motion, sound, visuals, and all other aircraft operations that create a realistic aviation training environment
• The demand in civil application segment is primarily due to the rising air traffic coupled with the growing emphasis on the passenger as well as pilot safety. Governments in several countries have enforced strict regulations regarding the use and significance of simulation training
• Europe accounted for more than 31.8% of the overall market share in 2022 and is expected to exhibit a modest growth over the next eight years on account of the elevating enforcement of regulations pertaining to pilot training and passenger safety
• In Asia Pacific, the flight simulator market is estimated to exhibit a substantial growth over the forecast period in light of the growing aviation industry, resulting in the increasing demand for aircraft simulators.
• Prominent industry players include CAE, Boeing, Leonardo S.p.A., Lockheed Martin, The DiSTI Corporation, Thales and Saab. Industry participants emphasize on joint ventures, mergers, and acquisitions in order to acquire greater financial, technical, marketing, manufacturing, and distribution expertise.

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Flight Simulator Market Segmentation

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

Flight Simulator Product Outlook (Revenue, USD Million, 2018 - 2030)

• Full Flight Simulator (FFS)
• Fixed Flight Training Devices (FTD)

Flight Simulator Application Outlook (Revenue, USD Million, 2018 - 2030)

• Military & Defense
• Civil

Flight Simulator Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • United Arab Emirates (UAE)
  • Saudi Arabia
  • South Africa

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

Animal Wound Care Industry – Analysis, Industry Size And Forecast, 2030

 The global animal wound care market size is expected to reach USD 1.82 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 6.92% from 2023 to 2030. Key factors driving the industry growth include the rising adoption of companion animals, increasing pet population, increasing demand for veterinary surgeries, and rising animal injury cases. The global population of companion animals has also increased. In November 2021, the American Veterinary Medical Association (AVMA) reported that the companion animal population increased significantly from 2016 to 2020. As per the article, there were an estimated 76.8 million dogs in 2016 in the U.S., which increased to 83.7 million in 2020.

There was a similar increase in the pet cat population, from 58.4 million in 2016 to 60 million in 2020. As per the European FEDIAF, in 2021, there were nearly 113.5 million cats and 92.9 million dogs in Europe. Thus, the constantly rising pet population and respective adoption rates of dogs & cats are driving the industry. In addition, animals like dogs are more likely to sustain minor or major injuries. Accidental trauma to dogs is one of the more frequent types of injury incidents that are documented. Major trauma, such as bone fractures, internal & external injuries, hemorrhage & organ trauma, joint dislocations, brain trauma, and skin wounds including rashes, are frequently caused by car accidents. In the United States, each year, over 10,000 accidents, involving dogs, are reported, some of which result in damage or even the death of animals.

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The U.S. Department of Transportation estimates that each year, over 1 million animals pass away on roads. On the other hand, dog fights or attacks can cause severe wounds in the skin and soft tissues, as the teeth can puncture deep into the underlying tissues, muscles, and organ walls. Untrained pets are more likely to get cuts, scrapes, and minor wounds frequently. Animals get injured in various scenarios, which can be severe and require immediate veterinary wound care for stitches, infection prevention, etc. Thus, with the increasing pet adoption and animal population globally, the demand for veterinary wound care & surgeries is also rising. This is expected to boost industrial development. Moreover, rising disposable income is expected to fuel the market growth during the forecast period.

Animal Wound Care Market Report Highlights

• The companion animal segment held a dominant revenue share in 2022 owing to the high pet adoption & humanization trends and growing pet healthcare expenditure
• The surgical wound care product segment is expected to dominate the industry over the forecast period due to rising usage of skin staplers due to their benefits including ease of use, shorter surgical times, and simplicity of removal
• The veterinary hospitals & clinics segment held the largest revenue share in 2022 owing to the benefits, such as faster diagnosis and easy access & availability of various treatments in these settings
• North America is expected to remain dominant throughout the forecast period due to an increase in efforts by major players to advance their product portfolios by guaranteeing high-quality standards

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

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Animal Wound Care Market Segmentation

Grand View Research has segmented the global animal wound care market on the basis of product, animal type, end-use, distribution channel, and region:

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

• Surgical Wound Care Products
  • Sutures & Staplers
  • Tissue Adhesive
• Advanced Wound Care Products
  • Foam Dressings
  • Hydrocolloid Dressing
  • Film Dressing
  • Hydrogel Dressing
  • Others
• Traditional Wound Care Products
  • Tapes
  • Bandages
  • Dressing
  • Absorbents
  • Others
• Therapy Devices

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

• Companion Animals
  • Dogs
  • Cats
  • Horses
  • Others
• Livestock Animals

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

• Veterinary Hospitals/Clinics
• Homecare
• Research Institutes

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

• Retail
• E-commerce
• Veterinary Hospitals/Clinics

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

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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

Specialty Food Ingredients Industry Size & Share | Statistics Report 2030

 The global specialty food ingredients market size was estimated at USD 144.9 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030. The rapid growth of the food and beverages, personal care, and pharmaceuticals industries, coupled with the rising penetration of organized and e-retail across the world, is expected to fuel the growth of the market.

The food and beverages industry is diverse and competitive and is driven by consumers’ demand and preferences for the safety of ingredients and processed foods. Demand for products such as non-GMO, gluten-free, organic, and natural foods has led to the development of products by non-traditional food companies that offer alternatives. Moreover, consumers give high importance to a balanced diet of high-quality food that has a positive impact on their health. Sugar-reduced products are an important pillar in such a diet as the health risks associated with high sugar intake are very severe. This has also increased the demand for such healthy and natural specialty food ingredients.

Gather more insights about the market drivers, restrains and growth of the Global Specialty Food Ingredients Market

Functional food ingredients such as vitamins, minerals, antioxidants, hydrocolloids, prebiotics, amino acids, plant extracts, and carotenoids are the key ingredients of fortified food. The health-conscious population is rapidly expanding in emerging markets, which will drive the demand for the fortification of food. The nutritional consumption differences across regions contribute greatly to the apparent differences in the health of populations across the countries.

These ingredients customarily preserve the texture, enhance color, emulsify, add benefits in processing, and ultimately add a superfluous edge health dimension to the produced food. The health, nutritional, and technological related functions of these products make the diet pleasant for consumption, tasty, safe, healthy, and even affordable. Hence, these advantages associated with specialty food ingredients are expected to be the major driving factors of the industry.

Specialty Food Ingredients Market Report Highlights

• The sensory product dominated the market with a revenue share of 58.9% in 2022, on account of the increasing demand for processed and convenience foodstuff and a shift in demand for higher nutritious and organic products
• In the functional product segment, hydrocolloids accounted for the largest revenue share in 2022 as they are widely used in many food formulations to improve quality attributes and shelf-life. The two major uses are thickening and gelling agents. As thickening agents, they find uses in soups, gravies, salad dressings, sauces, and toppings while as gelling agents, they are extensively used in products like jam, jelly, marmalade, restructured foods, and low sugar/calorie gels. Thus, it is anticipated to witness robust growth over the forecast period
• The food and beverage application segment led the market in 2022 and accounted for over 70.0% share of the global revenue. The large demand for sugar substitutes as consumers strive to eat products with less sugar or no-sugar products is anticipated to drive the food and beverage application segment
• Asia Pacific is expected to register the highest CAGR from 2023 to 2030 on account of the robust growth of the food and beverage industry in Asian countries such as India, China, and Thailand
• The global market is highly fragmented with the presence of large-sized international companies and small- and medium-sized domestic players. Key players are focusing on acquisitions and are increasingly expanding product capacities

Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.

• Salicylic Acid Market: The global salicylic acid market size was valued at USD 547.5 million in 2024 and is projected to grow at a CAGR of 8.2% from 2025 to 2030.
• Glutamic Acid Market: The global glutamic acid market size was valued at USD 12.55 billion in 2024 and is projected to grow at a CAGR of 8.6% from 2025 to 2030.

Specialty Food Ingredients Market Segmentation

Grand View Research has segmented the global specialty food ingredients market report based on product, application, and region

Specialty Food Ingredients Product Outlook (Revenue, USD Million, 2018 - 2030)

• Sensory
  • Enzymes
  • Emulsifiers
  • Flavors
  • Colorants
  • Others
• Functional
  • Vitamins
  • Minerals
  • Antioxidants
  • Preservatives
  • Others

Specialty Food Ingredients Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage
  • Snacks
  • Bakery
  • Confectionery
  • Dairy Products
  • Breakfast Cereals
  • Frozen Foods
  • Meat, Poultry & Seafood
  • Baby Food
  • Sauces, Dressings & Condiments
  • Alcoholic
  • Non-alcoholic
  • Others
• Pharmaceutical
• Personal Care

Specialty Food Ingredients Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

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

Simulation Software Industry Size, Trend & Outlook to 2030

 The global simulation software market size is estimated to reach USD 51.11 billion by 2030, registering a CAGR of 13.8% from 2024 to 2030, according to a new study by Grand View Research, Inc. Simulation software is being used for training personnel. It is replacing the traditional real-time training techniques, which incurred huge investments annually for companies. The use of simulation for training purposes helps reduce training costs as companies need to make a one-time investment for software implementation. The software also helps enterprises minimize production costs by enhancing the product development process.

The need for developing prototypes and the chances of product failure are considerably reduced through the use of simulators, as the product is virtually tested for all possible glitches before the commencement of production. Furthermore, simulation-based tools help product developers reduce the time spent on R&D processes as it enables them to obtain a realistic view of a product or process under study or review. Organizations across the globe are increasingly implementing the program and analyzing tools to enhance the entire product development cycle, reduce time to production, ensure delivery of high-quality products in minimal time, and reduce the overall cost to the company with respect to R&D.

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It requires a skilled workforce or personnel with the required knowledge and understanding. This is leading to several manufacturers being reluctant to adopt this technology as the need for a skilled workforce incurs additional costs. The COVID-19 pandemic had an adverse impact on the global market. The closure of national and international borders in major countries, such as China, Japan, and India, has caused severe supply chain disruptions. In addition, the temporary shutdown of manufacturing operations has led manufacturing companies to face severe budgetary issues, resulting in delayed subscription renewal payments during the pandemic’s initial phase. However, recovering economies and opening businesses are expected to help the market grow at a rapid pace over the forecast period.

Simulation Software Market Report Highlights

• The market is being driven by reduced training costs for personnel in various industries and sectors, such as automotive, defense, healthcare, and electrical
• The service segment is expected to register a CAGR of 15.0% owing to the growing demand for customized simulation solutions, such as design and consulting
• The cloud-based segment is expected to register the fastest CAGR of approximately 15.4% over the forecast period owing to benefits, such as easy and low-cost implementation
• The automotive segment dominated the market in 2023 and is expected to hold a major share by 2030 owing to the early adoption of virtual testing tools in the automotive industry
• North America is expected to account for the highest market share followed by Asia Pacific, by 2030 owing to the growing investments in R&D and defense in countries, such as the U.S.
• Leading players are focusing on developing new simulation software solutions, to capture maximum share

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

• Charging As A Service Market: The global charging as a service market size was estimated at USD 338.3 million in 2024 and is expected to grow at a CAGR of 25.0% from 2025 to 2030.
• AI In Media & Entertainment Market: The global AI in media & entertainment market size was estimated at USD 25.98 billion in 2024 and is projected to grow at a CAGR of 24.2% from 2025 to 2030.

Simulation Software Market Segmentation

Grand View Research has segmented the global simulation software market on the basis of component, deployment, application, end-use, and region:

Simulation Software Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services

Simulation Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premise
• Cloud

Simulation Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Engineering, Research, Modeling & Simulated Testing
• High Fidelity Experiential 3D Training
• Gaming & Immersive Experiences
• Manufacturing Process Optimization
• AI Training & Autonomous Systems
• Planning And Logistics Management & Transportation
• Cyber Simulation

Simulation Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Conventional Automotive
• Electric Automotive and Autonomous Vehicles
• Aerospace & Defense
• Electrical, Electronics and Semiconductor
• Healthcare
• Robotics
• Entertainment
• Architectural Engineering and Construction
• Others

Simulation Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

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Patient Engagement Solutions Industry Analysis And Segment Forecast till 2030

 The global patient engagement solutions market size is expected to reach USD 70.3 billion by 2030, expanding at a CAGR of 17.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Key factors fueling the market growth include rising digitalization across healthcare, increasing prevalence of chronic conditions, and technological advancements. COVID-19 pandemic boosted digitalization across healthcare. This, in turn, has fueled the awareness and adoption of patient engagement solutions, thus propelling the market growth.

As healthcare providers were battling the constant upsurge in cases, patients were looking to digital technologies for care delivery and monitoring. This contributed to the market growth. Key companies released multiple COVID-19-related features as part of their patient engagement lineup to enhance their offerings. In December 2020, athenahealth released new features to its athenaOne platform-such as scheduling, workflow, documentation, and reporting capabilities-to enable immediate administration of COVID-19 vaccines as and when they become available.

Mobile technology has emerged as a pivotal driver of healthcare's digital and telemedicine revolution. Smartphones, tablets, and wearable devices have simplified access to healthcare support & patient records, elevated the quality of patient care, and streamlined back-office operations & medical training. Leveraging platforms such as WhatsApp for engagement enabled hospitals to manage patient interactions through an accessible communication channel. Solutions such as Easyrewardz Healthcare CRM empower hospital staff to automate patient communication, appointment scheduling, and room availability checks. These advancements are poised to fuel market growth over the forecast period.

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Patient Engagement Solutions Market Report Highlights

• Based on delivery type, the web and cloud-based segment emerged as the largest segment in 2023 as it supports hassle-free information flow between patients and healthcare providers. Moreover, bulk data can be stored in these platforms and accessed remotely
• Based on component, the software and hardware segment dominated the market with a revenue share of 62.7% in 2023, owing to the continuous development of patient engagement solutions and increasing applications in health and wellness, patient education, and chronic disease management
• Based on therapeutic area, the chronic disease management segment dominated the market in 2023. The growth is attributed to the rising in the geriatric population and the increased prevalence of chronic diseases
• Based on functionality, the communication segment dominated the market in 2023 as it forms the core of any patient engagement solution. Market players are continuously releasing upgrades and new features to enhance offerings. For instance, in November 2020, Cerner partnered with WELL Health Inc. to boost the communication capabilities of its patient portal- HealtheLife.
• Based on end-use, the providers segment dominated the market due to increasing adoption of patient and customer engagement solutions that promote widespread coverage and enable value-based care delivery
• North America dominated the global market in 2023 owing to the increased adoption of m-health and electronic health records (EHRs) and growing investments in patient engagement software by major companies
• Companies are adopting various strategies to sustain competition. New product/solution development, partnerships, mergers, acquisitions, strategic collaborations, and geographical penetration are some of the key strategies adopted by market players

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

• Ambulatory Surgery Centers IT Services Market: The ambulatory surgery centers IT services market size was valued at USD 230.8 billion in 2024 and is anticipated to grow at a CAGR of 10.8% from 2025 to 2030.
• Biosimulation Market: The global biosimulation market size was estimated at USD 3.91 billion in 2024 and is projected to grow at a CAGR of 17.0% from 2025 to 2030.

Patient Engagement Solutions Market Segmentation

Grand View Research has segmented the global patient engagement solutions market based on delivery type, component, functionality, therapeutic area, application, end-use, and region:

Patient Engagement Solutions Delivery Type Outlook (Revenue, USD Million, 2018 - 2030)

• Web & Cloud-based
• On-premise

Patient Engagement Solutions Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software & Hardware
  • Standalone
  • Integrated
• Services
  • Consulting
  • Implementation & Training
  • Support & Maintenance
  • Others

Patient Engagement Solutions Functionality Outlook (Revenue, USD Million, 2018 - 2030)

• Communication
• Health Tracking & Insights
• Billing & Payments
• Administrative
• Patient Education
• Others

Patient Engagement Solutions Therapeutic Area Outlook (Revenue, USD Million, 2018 - 2030)

• Health & Wellness
• Chronic Disease Management
• Others

Patient Engagement Solutions Application Outlook (Revenue, USD Million, 2018 - 2030)

• Population Health Management
• Outpatient Health Management
• In-patient Health Management
• Others

Patient Engagement Solutions End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Payers
• Providers
• Others

Patient Engagement Solutions Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Metal Casting Industry Trends, Size, Revenue And Top Key Players, 2030

 The global metal casting market size is expected to reach USD 210.40 billion by 2030, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Expansion of the construction sector due to infrastructure requirement and housing needs is one of the key drivers for market growth. An increase in urbanization trend in China and India is a key factor triggering the growth of housing and infrastructure industries. Incentives and funding for first-time home buyers are triggering the growth of building & construction industry. Governments across various countries are offering incentives and funding to meet the housing needs of growing population.

Aluminum casting segment is projected to grow at the highest CAGR of 8.7% over the forecast period. As per a report by The Aluminum Association, total aluminum content in vehicles is projected to reach 256 kg per vehicle by 2025, globally. Strict regulations such as Euro 6c emission standards in the European Union are contributing to the growth of the market. It has become necessary for automakers to reduce the weight of vehicles using lightweight materials such as aluminum and magnesium.

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Steel segment is anticipated to grow at a moderate CAGR on account of demand from automotive components. As per the World Steel Association, around 900 kg of steel is required per vehicle. Around 34% of steel is used in doors, panels, closures, and body structure parts. The growing usage of advanced high strength steel (AHSS) is projected to create new opportunities for metal casting vendors as it reduces the weight of a vehicle and also enhances fuel efficiency and safety. Many research institutes and private organizations are working on new grades of AHSS. These grades have capabilities to reduce the vehicle weight by 25% to 39% and help achieve 3 to 4.5 tons of greenhouse gas savings over the life cycle of a vehicle.

Metal casting industry faces various challenges including underutilization of capacity, optimization of resources, high energy consumption, stringent norms, and overall effectiveness. Metal casting manufacturers are likely to focus on industrial internet of things (IIoT) over the coming years as IIoT has the potential to control and monitor the temperature of foundries, machinery downtime tracking, and enhance resource management.

Metal Casting Market Report Highlights

• The aluminum segment accounted for the largest revenue share of 38.3% in 2022. The major portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.
• The automotive segment held the largest revenue share of 59.5% in 2022. The global automotive production has been observing gradual yet encouraging growth in global automotive production over recent years.
• Asia Pacific dominated the market and accounted for the largest revenue share of 55.4% in 2022. Asia Pacific is characterized by the presence of skilled labor at low cost, which makes it the most lucrative region for manufacturers to set up production facilities.

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

• Luxury Furniture Market: The global luxury furniture market size was valued at USD 31.06 billion in 2024 and is expected to grow at a CAGR of 4.2% from 2025 to 2030.
• Green Steel Market: The global green steel market size was estimated at USD 718.30 billion in 2024 and is projected to grow at a CAGR of 6.0% from 2025 to 2030.

Metal Casting Market Segmentation

Grand View Research has segmented the global metal casting market based on material, application, and region:

Metal Casting Material Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Iron
• Steel
• Aluminum
• Others

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

• Automotive & Transportation
• Industrial
• Building & Construction
• Others

Metal Casting Regional Outlook (Revenue in USD Million, Volume, Kilotons, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
  • Indonesia
  • Malaysia
• Central & South America
  • Brazil
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Nigeria

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Hydrogen Peroxide Industry Segmentation and Competitive Analysis Report, 2030

 The global hydrogen peroxide market size is projected to reach USD 2.11 billion in 2030 and is expected to grow at a CAGR of 6.2% from 2025 to 2030. Rising demand for the product from the global healthcare sector to formulate sanitizers and other disinfectant products is projected to remain the key factor driving the industry.

One of the key factors behind the increasing consumption of the product in the healthcare sector across the globe is the recent outbreak of coronavirus. Demand for hand sanitizers and multiple indoor as well as outdoor disinfectant products, such as floor cleaners and metal disinfectant goods, has quadrupled across all major economies as well as in emerging economies of the world. According to governments worldwide, cleaning of the public spaces, such as public restrooms, airports, bus and metro stations, and commercial spaces, has been made mandatory to curb the spread of the virus. This has led to surge in the consumption of hydrogen peroxide in the industry globally due to its excellent disinfecting properties.

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The product also witnessed high demand from various personal care products and cosmetic manufacturers, majorly due to its oxidizing abilities and antimicrobial properties. Europe has evolved as a hub for multinational personal care item producers, such as Loreal, Unilever, Procter & Gamble, and Deutschland GmbH, with their presence across the European marketspace including countries, such as France, U.K., Italy, Germany, and Spain.

In terms of the consumption in the textile sector, Asia Pacific, followed by Europe, has been leading the global market due to increased penetration of fabric manufacturers and detergent formulators. The substance finds key application in the sector as a fabric whitening agent as well as disinfecting agent, which is used after apparel cleaning. Growing awareness among the consumers to adapt to cleanliness is projected to remain a key factor behind industry growth across these regions.

Hydrogen Peroxide Market Report Highlights

• The bleaching function dominated the market and accounted for the largest revenue share of 35.4% in 2024.
• The disinfectant functions are expected to grow at a CAGR of 6.7% from 2025 to 2030, owing to heightened hygiene awareness, especially following the COVID-19 pandemic.
• The pulp and paper application led the hydrogen peroxide market and accounted for the largest revenue share of 33.4% in 2024, primarily driven by its effectiveness as a bleaching agent.
• The healthcare segment is expected to grow at a CAGR of 7.4% over the forecast period, owing to its antiseptic and disinfectant properties.
• Asia Pacific hydrogen peroxide market dominated the global hydrogen peroxide industry and accounted for the largest revenue share of 40.3% in 2024 attributed to rapid industrialization and urbanization

Browse through Grand View Research's Disinfectants & Preservatives Industry Research Reports.

• Activated Bleaching Earth Market: The global activated bleaching earth market size was estimated at USD 2.61 billion in 2024 and is expected to grow at a CAGR of 5.7% from 2025 to 2030.
• Biocides For Leather Market: The global biocides for leather market size was valued at USD 589.0 million in 2024 and is expected to grow at a CAGR of 3.5% from 2025 to 2030.

Hydrogen Peroxide Market Segmentation

Grand View Research has segmented the global hydrogen peroxide market report based on grade, function, application, and region:

Hydrogen Peroxide Grade Outlook (Volume Kilotons; Revenue, USD Million, 2018 - 2030)

• <30%
• 30%-50%
• 50%-80%
• >80%

Hydrogen Peroxide Function Outlook (Volume Kilotons; Revenue, USD Million, 2018 - 2030)

• Disinfectant
• Bleaching
• Oxidant
• Others

Hydrogen Peroxide Application Outlook (Volume kilotons; Revenue, USD Million, 2018 - 2030)

• Pulp & Paper
• Chemical Synthesis
• Wastewater Treatment
• Mining
• Food & Beverage
• Personal Care
• Healthcare
• Textiles
• Electronics
• Propulsion Systems
• Others

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

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

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Cloud Managed Services Industry Size, Trends, and Business Outlook Report 2030

 The global cloud managed services market size is expected to reach USD 305.16 billion by 2030, according to a study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.7% from 2023 to 2030. The focus of enterprises on primary business operations is resulting into higher cloud managed services adoption. Business services, security services, network services, data center services, and mobility services are major categories in cloud managed services market. Implementation of these services will help enterprises to reduce IT and operations costs and will also enhance productivity of those enterprises.

Availability of developed IT infrastructure will drive the managed cloud services adoption in North America. The regional markets of APAC and Middle East & Africa will witness significant growth. This growth will be a result of increased cloud adoption and increase in significant investments from prominent players.

The market will observe some restraints as well, such as data privacy & security, and poor connectivity. These factors are expected to hamper the market growth during the forecast period. Data security will be a major restraining factor as it will affect cloud adoption and cloud managed services market as well. It will lead service providers to focus more on including security features to acquire customers.

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Cloud Managed Services Market Report Highlights

• The mobility services segment accounted for the largest revenue share of 37.9% in 2022. Increasing the adoption of portable and mobile devices in enterprises will further drive the growth of this segment.
• The private segment accounted for the largest revenue share of around 86.4% in 2022. The private cloud offers several benefits to enterprises, such as increased data security and access control.
• The SMEs segment is expected to grow at the fastest CAGR of 18.0% over the forecast period. Customizations provided to organizations by service providers enable them to experience flexibility. These factors are expected to drive SMEs' adoption of cloud managed services.
• The healthcare segment held a significant revenue share in 2022. The increased cloud adoption in the healthcare industry drives the demand for cloud managed services.
• Asia Pacific is expected to grow at the fastest CAGR of 19.1% during the forecast period, owing to the growing adoption of cloud managed services by small and medium-sized enterprises, which are expected to drive market growth.

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

• Rope Access Services Market: The global rope access services market size was valued at USD 3.24 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2030.
• Virtual Influencer Market: The global virtual influencer market size was estimated at USD 6.06 billion in 2024 and is projected to grow at a CAGR of 40.8% from 2025 to 2030.

Cloud Managed Services Market Segmentation

Grand View Research has segmented the global cloud managed services market based on service type, cloud deployment, end-user, verticals, and region:

Cloud Managed Services Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Business
• Network
• Security
• Data Center
• Mobility

Cloud Managed Services Cloud Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Public
• Private

Cloud Managed Services End-user Outlook (Revenue, USD Million, 2017 - 2030)

• SMEs
• Large Enterprises

Cloud Managed Services Verticals Outlook (Revenue, USD Million, 2017 - 2030)

• Telecom & ITES
• Government
• BFSI
• Retail & Consumer
• Healthcare
• Manufacturing & Automotive
• Others  

Cloud Managed Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE

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Smart Lighting Market 2030: Key Companies and Emerging Trends Analysis

 The global smart lighting market size is expected to reach USD 72.35 billion by 2030, registering a CAGR of 22.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributable to the development of smart cities, the rising trend of smart homes, intelligent street lighting systems, and the need for implementing energy-efficient lighting systems. Although smart lights are expensive compared to general lights, their advantages outweigh the overall installation cost. However, the high price of smart lights restricted market growth as the purchasing capacity of the middle-class income group declined during the COVID-19 pandemic.

The new trend of home automation is penetrating houses with middle and high-income group consumers. The trend is further fueled by constantly evolving IoT technology for smart homes; wherein smart lights can be connected to control the functions of electronic devices. Moreover, personal assistants such as Alexa, Crotona, and Siri can be synced with a smart light app to control lighting hue, brightness, on/off time, and other functions using only voice commands. Similar transformation using smart lights has also penetrated the commercial spaces. Retail has emerged as the top beneficiary of smart lighting. Apart from energy efficiency, the “smart” lighting systems installed in retail stores are leveraging Bluetooth Low Energy (BLE) and Visible Light Communication (VLC) technology which allows LED light fixtures to communicate wirelessly with the antennas and cameras in smartphones. Thus smart lighting technology helps retailers reach customers visiting the shop premises to send offers and product availability information based on their purchasing pattern. Similar add-on integrated functions are expected to augment the market growth in the upcoming years.

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The residential, commercial, and industrial sector is slowly making in-roads with the integration of Artificial Intelligence (AI), Internet of Things (IoT), and other technologies to extend the capability of smart lights. With aid from AI in the local network, the smart light creates safe and sustainable lighting solutions while safeguarding users' privacy as the data is not uploaded to the cloud. Data privacy has been one of the main concerns when smart lighting is connected via Wi-Fi and other wireless methods to electronic appliances. It serves as a way for hackers to infiltrate the premise network to access personal information. Moreover, the incidence of hacking has increased during COVID-19 across the internet-connected infrastructure. Hence, building a robust security infrastructure to provide internet-free offline connectivity can restrict the hacker and improve efficiency and adoption of smart lighting over the forecast period.

Smart Lighting Market Report Highlights

• The wireless segment in the market is anticipated to witness the fastest growth over the forecast period. The growth is attributed to demand for quick connectivity in the confined area using Z-wave, ZigBee, Wi-Fi, and Bluetooth
• The hardware segment led the market with a revenue share of 56.9% in 2020, as lamps and fixtures are an inseparable component of smart lighting. The lamp and luminaire are integrated with sensors, dimmers, and other electronic components to perform controllable functions such as changing hues, dimming based on outside weather, and switching on/off as per set time
• The Asia Pacific region is expected to witness the highest growth rate over the forecast period owing to the large-scale development of smart city projects in China, Japan, and South Korea. Moreover, increasing investment from India, Singapore, Thailand, and Malaysia to install energy-efficient smart lighting will bolster the market growth across Asian countries.

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

• Application Specific Integrated Circuit Market: The global application specific integrated circuit market size was estimated at USD 17.65 billion in 2024 and is projected to grow at a CAGR of 6.1% from 2025 to 2030.
• Photonic Integrated Circuit Market: The global photonic integrated circuit market size was valued at USD 14.08 billion in 2024 and is projected to grow at a CAGR of 10.8% from 2025 to 2030.

Smart Lighting Market Segmentation

Grand View Research has segmented the global smart lighting market based on component, connectivity, application, region:

Smart Lighting Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
  • Lamp
  • Luminaire
• Software
• Services

Smart Lighting Connectivity Outlook (Revenue, USD Million, 2018 - 2030)

• Wired
• Wireless

Smart Lighting Application Outlook (Revenue, USD Million, 2018 - 2030)

• Indoor
  • Residential
  • Commercial
• Outdoor
  • Highways and Roadways
  • Architectural
  • Others

Smart Lighting Regional Outlook (Revenue in USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE

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

Patient Monitoring Devices Market Trends, Size, Revenue And Top Key Players Report 2030

 The global patient monitoring devices market size is expected to reach USD 92.8 billion by 2030 and is projected to grow at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The demand in the market is expected to rise owing to the technological advancements in patient monitoring devices along with the growth in the number of hospital admissions globally.

Improving healthcare expenditure across the globe coupled with the rising adoption of remote monitoring systems will also augment the market growth over the forecast period. Many hospitals and healthcare providers are investing in remote patient monitoring technologies as a part of a value-based care model.

Patient monitoring devices help in monitoring and managing high-risk patients that are suffering from chronic diseases and are considered unstable. There has been a rise in the prevalence of chronic diseases such as diabetes, cancer, and hypertension across the world. Over 100 million Americans have hypertension and an increased risk of heart disease, according to the Centers for Disease Control and Prevention (CDC). The need for patient monitoring devices is rising due to the increasing prevalence of these conditions worldwide.

COVID-19 has decreased frequent hospital visits while increasing demand for home monitoring devices. Additionally, the scenario has altered customer demand, buying patterns, and behavior. The necessity to harness and utilize digital infrastructure for remote patient monitoring has been brought into sharp relief by the COVID-19 outbreak. The combination of telehealth & remote patient monitoring is projected to enhance the provision of at-home healthcare.

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Patient Monitoring Devices Market Report Highlights

• Due to the technological advancements in multi-parameter patient monitoring, the category for multi-parameter monitoring devices accounted for the greatest revenue share of 23.3% in 2021. Multi-parameter patient monitors are widely used for enhancing the quality of healthcare in both the in-patient wards and intensive care units (ICU)
• The blood glucose monitoring devices segment is expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients’ demand for monitoring devices to keep track of their health
• Due to the strong demand for various monitoring devices to monitor patients at hospitals, the hospitals segment accounted for the largest revenue share of 51.1% in 2021
• North America contributed to the largest revenue share of 42.6% in 2021, owing to the presence of well-established reimbursement policies, dominant market players, high healthcare expenditure, and high adoption rate for advanced medical technologies

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

• Ophthalmic Drug Delivery Systems Market: The global ophthalmic drug delivery systems market size was estimated at USD 15.76 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.
• Ocular Trauma Devices Market: The global ocular trauma devices market size was estimated at USD 4.28 billion in 2024 and is projected to grow at a CAGR of 7.4% from 2025 to 2030.

Patient Monitoring Devices Market Segmentation

Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:

Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Blood Glucose Monitoring Systems
  • Self-monitoring Blood Glucose Systems
  • Continuous Glucose Monitoring Systems
• Cardiac Monitoring Devices
  • ECG Devices
  • Implantable Loop Recorders
  • Event Monitors
  • Mobile Cardiac Telemetry Monitors
  • Smart/Wearable ECG Monitors
• Multi-parameter Monitoring Devices.
  • Low-acuity Monitoring Devices
  • Mid-acuity Monitoring Devices
  • High-acuity Monitoring Devices
• Respiratory Monitoring Devices
  • Pulse Oximeters
  • Spirometers
  • Capnographs
  • Peak Flow Meters
• Temperature Monitoring Devices
  • Handheld Temperature Monitoring Devices
  • Table-top Temperature Monitoring Devices
  • Wearable Continuous Monitoring Devices
  • Invasive Temperature Monitoring Devices
  • Smart Temperature Monitoring Devices
• Hemodynamic/Pressure Monitoring Devices
  • Hemodynamic Monitors
  • Blood Pressure Monitors
  • Disposables
• Fetal & Neonatal Monitoring Devices
  • Fetal Monitoring Devices
  • Neonatal Monitoring Devices
• Neuromonitoring Devices
  • Electroencephalograph Machines
  • Electromyography Machines
  • Cerebral Oximeters
  • Intracranial Pressure Monitors
  • Magnetoencephalograph Machines
  • Transcranial Doppler Machines
• Weight Monitoring Devices
  • Digital
  • Analog
• Other Patient Monitoring Devices

Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospitals
• Ambulatory Surgery Centers
• Home Care Settings
• Others

Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

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Molded Pulp Packaging Market Trends, Business Growth, Opportunities and Forecast till 2030

 The global molded pulp packaging market size is expected to reach USD 8.90 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% over the forecast period 2024 - 2030. This is attributed to the increasing demand for environment-friendly packaging solutions by end-user industries and rising environmental concerns among consumers about single-use plastic.

Plastic is one of the majorly used materials for packaging in various industries including food & beverage, healthcare, cosmetics & personal care, and consumer goods. However, plastic is a non-biodegradable, unsustainable material, and can have an adverse impact on the life of humans as well as animals. In addition, the recycling rate of plastic waste products is low as compared to the consumption rate, which ultimately pollutes land, ocean, and drinking water.

The global pandemic in the year 2020 created a positive impact on molded pulp packaging owing to increasing demand for eggs from the retail chain followed by the rise in demand for doorstep deliveries of fresh fruits & vegetables, and eggs. The rise in egg consumption was due to a variety of factors such as a boost in at-home baking and an increase in demand for healthy proteins. As the food service outlets were closed in most places in the world, egg producers shifted the supply to supermarkets. The standard molded fiber pulp packaging for eggs sold at supermarkets saw significant pressure on inventory leading to a shortage. The shortage has eventually diminished as more people have relaxed and the panic buying & hoarding of eggs has significantly reduced.

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Molded Pulp Packaging Market Report Highlights

• The wood pulp dominated the market in the source segment in 2023 owing to the rising awareness of sustainable packaging among consumers as the wood pulp is considered sustainable due to its 100% degradable properties
• However, higher production costs and abundant availability of substitute sustainable packaging solutions in the market restraint the growth of the molded pulp packaging industry to some extent
• The transfer type segment accounted for the highest market share due to its wide application in the food & beverage industry as it offers anti-shock properties of this packaging restraint damage or breakage to the products, especially beverage bottles and egg trays.
• Molded pulp clamshells segments is expected to dominate the product segment over the forecast period 2023-2030. Plastic clamshells offer higher moisture barrier ability than molded pulp packaging, declining use of single-use plastics is hindering the growth of the market for plastic clamshells. For instance, some countries across the world have banned the use of plastic clamshells for packing eggs. Therefore, such bans on plastic clamshells are likely to positively impact the growth of the market for molded pulp clamshells
• The food packaging application segment is dominating the market. Increasing consumption of vegetables, eggs and fruits by diet-conscious population has been driving worldwide, which, in turn, is expected to bolster these exports and imports between countries, thus, requiring molded pulp packaging
• New product developments coupled with mergers & acquisitions, and capacity expansions are some of the strategies adopted by players. For instance, in June 2022, Huhtamäki Oyj announced its plans to invest USD 100.0 million to expand the production capacity of its molded fiber product manufacturing unit in Indiana, the U.S.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• Biodegradable Plastic Films Market: The global biodegradable plastic films market size was estimated at USD 1,215.36 million in 2024 and is projected to grow at a CAGR of 4.47% from 2025 to 2030.
• Cross-linked Polyethylene Market: The global cross-linked polyethylene market size was valued at USD 8.0 billion in 2023 and is projected to grow at a CAGR of 6.9% from 2024 to 2030.

Molded Pulp Packaging Market Segmentation

Grand View Research has segmented the global molded pulp packaging market based on source, molded type, product, application, and region:

Molded Pulp Packaging Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Wood Pulp
• Non-wood Pulp

Molded Pulp Packaging Molded Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Thick Wall
• Transfer
• Thermoformed
• Processed

Molded Pulp Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Trays
• End Caps
• Bowls & Cups
• Clamshells
• Plates
• Others

Molded Pulp Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food Packaging
• Food Service
• Electronics
• Healthcare
• Industrial
• Others

Molded Pulp Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

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