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Specialty Fats And Oils Market Growth & Trends

The global specialty fats and oils market size is expected to reach USD 23.78 Billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.4% from 2024 to 2030. The specialty fats and oils market is experiencing significant growth due to an increasing demand for processed foods and convenience products among consumers worldwide. This trend is particularly prevalent in urban areas, where busy lifestyles and rising disposable incomes steer consumers towards ready-to-eat and packaged foods. Specialty fats and oils, offering tailored functionalities, flavors, and nutritional profiles, are integral to developing and enhancing these food products. Moreover, the versatility of these fats and oils makes them suitable for a wide range of applications, from baking and frying to confectionery and dairy products, further propelling their demand in the food processing industry.

In addition to the food sector, the demand in the personal care and cosmetics industry is bolstering the specialty fats and oils market. These ingredients are highly valued for their emollient properties, stability, and ability to act as carriers for other components, which makes them essential in the formulation of skincare, haircare, and cosmetic products. The growing consumer awareness of natural and organic ingredients, coupled with a willingness to spend on high-quality personal care products, contributes significantly to this market expansion.

Furthermore, advancements in technology and innovation in the extraction, processing, and application of specialty fats and oils play a crucial role. Manufacturers are continuously seeking new methods to improve their products' functionality, health benefits, and sustainability, responding to the evolving demands of consumers and regulatory bodies. The development of non-hydrogenated, trans-fat-free, and low-saturated fat products illustrates the industry's adaptation to health-conscious trends. Environmental concerns and the sustainable sourcing of raw materials influence market dynamics, with a pronounced shift towards more eco-friendly and ethically produced specialty fats and oils. This combination of technological, consumer, and environmental factors is shaping the growth and future direction of the specialty fats and oils market.

The expanding food industry and ongoing product innovations significantly propel the specialty fats and oils market. As food manufacturers strive to meet evolving consumer demands for taste, texture, and nutritional value, they increasingly turn to specialty fats and oils as crucial ingredients. These components allow for the creation of novel food products with improved functionality, stability, and sensory attributes. From enhancing the mouthfeel of low-fat products to extending shelf life and providing specific melting profiles for confectionery, specialty fats and oils enable food companies to differentiate their offerings in a competitive marketplace. This constant push for innovation drives research and development efforts, leading to the introduction of new specialty fat and oil formulations tailored to specific applications, further expanding the market's potential and encouraging growth across various food categories. In August 2023, AAK, a provider of plant-based fats & oil, introduced Cebes choco 15, a patented blend that can enhance the cocoa flavor in baked goods by incorporating up to 15% cocoa ingredients.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/specialty-fats-oils-market-report

Specialty Fats And Oils Market Report Highlights

• Based on product type, specialty oils possess segment held a revenue share of 72.3% in 2023, due to the rising popularity of plant-based diets and the growing awareness of their health benefits, such as omega-3 fatty acids. Furthermore, the expanding applications of specialty oils in cosmetics, pharmaceuticals, and biofuels contribute significantly to market growth, driven by their functional properties and sustainability advantages.
• On the other hand, specialty fats segment is expected to witness a CAGR of 7.5% during 2024 to 2030, owing to its versatility in enhancing texture, stability, and nutritional profiles of food products, meeting consumer preferences for healthier alternatives. Additionally, their increasing use in confectionery, bakery, and dairy industries to improve product quality and shelf life further boosts market growth.
• In terms of application, confectionery possesses segment a share of 54.5% in 2023. The demand for specialty fats and oils in the bakery and confectionery industry is driven by their ability to enhance product texture, mouthfeel, and shelf life. Additionally, consumer preferences for healthier alternatives and the versatility of specialty fats and oils to meet specific dietary and functional requirements further stimulate market growth in this sector.
• Europe held a market share of 21.6% in 2023, owing to the growing demand for high-quality, healthier alternatives to conventional fats and oils, along with the burgeoning food industry needing specialized fats for various applications. Moreover, stringent EU regulations on food safety and sustainability are pushing manufacturers towards sustainable sourcing and production practices, further fueling the market growth.
• Asia-Pacific is expected to grow at a CAGR 8.0% during 2024 to 2030, due the rising demand for processed foods and the growing confectionery and bakery industries. Additionally, increased health awareness and the shift towards healthier dietary fats contribute to market growth in this region.

Regional Insights

In 2023, the specialty fats and oils market in North America captured a revenue share of 23.9%, owing to the increasing consumer demand for healthier alternatives in food products, such as low-trans-fat and non-GMO options. Additionally, technological advancements in processing methods and growing applications in industries like confectionery and bakery also contribute to market growth.

U.S. Specialty Fats And Oils Market Trends

The specialty fats and oils market in the U.S. accounted for a notable revenue share in 2023. In the U.S., factors driving the market include the rising popularity of plant-based diets and the consequent demand for plant-derived oils like coconut and avocado oil. Moreover, innovations in the cosmetics and personal care industry, where specialty fats and oils are used as key ingredients, contribute significantly to market expansion.

Specialty Fats And Oils Market Segmentation

Grand View Research has segmented the specialty fats and oils market report based on product type, application, and region:

Specialty Fats And Oils Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Specialty Oils
• Specialty Fats

Specialty Fats And Oils Application Outlook (Revenue, USD Million, 2018 - 2030)

• Confectionery
• Dairy

Specialty Fats And Oils Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Specialty Fats And Oils Market

• Bunge Limited
• Wilmar International Limited
• Golden Agri-Resources Ltd
• Kuala Lumpur Kepong Berhad
• Sime Darby Plantation Sdn Bhd
• Cargill
• Liberty Oil Mills Ltd.
• Henry Lamotte Oils GmbH
• Savola Group
• IOI Corporation

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/specialty-fats-oils-market-report

Avocado Oil Spray Market Growth & Trends

The global avocado oil spray market size is expected to reach USD 524.9 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.6% from 2024 to 2030. The industry is anticipated to witness significant demand in future. Avocado oil’s rich nutritional profile, including monounsaturated fats and antioxidants, makes it a popular choice among health-conscious individuals. Its high smoke point and versatility in culinary applications have further boosted its appeal. As consumers shift towards organic and natural products, avocado oil spray has positioned itself as a premium, health-forward option in the cooking oil market.

Consumer behavior is a key factor propelling the avocado oil spray industry. Modern consumers are more informed about the health impacts of their dietary choices and actively seek products that offer both health benefits and convenience. The preference for non-GMO, preservative-free, and sustainably sourced products has pushed manufacturers to adhere to high standards. The convenience of spray application, which ensures even coating and reduces waste, resonates well with busy, health-conscious consumers.

The ongoing trend towards plant-based diets has heightened interest in plant-derived oils. Secondly, the multifunctional use of avocado oil, both in cooking and skincare, broadens its consumer base. Also, strategic marketing campaigns and endorsements by chefs and influencers have significantly boosted product visibility. Lastly, the growth of the e-commerce sector has made it easier for consumers to access and purchase these premium products.

Innovative formulations and packaging solutions are also propelling the avocado oil spray market forward. Brands are experimenting with exotic plant extracts and unique blends to differentiate their offerings and cater to diverse skin types and concerns. Eco-friendly packaging is another area of focus, with many companies adopting recyclable and biodegradable materials to reduce their environmental footprint. These innovations not only enhance the product’s appeal but also demonstrate a commitment to sustainability, resonating with eco-conscious consumers and further driving market growth.

This growth is also attributed to the rising global trend of health and wellness, which prioritizes clean and nutritious food ingredients. Innovations in packaging, such as eco-friendly spray bottles, and expanding product lines to include flavored options are expected to drive market expansion. In addition, increased consumer spending power and the popularity of international cuisines contribute to market growth.

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Avocado Oil Spray Market Report Highlights

• Conventional avocado oil spray accounted for the majority of the market share in 2023. It offers a convenient cooking solution with a high smoke point and neutral taste, appealing to both home cooks and professional chefs alike
• Demand for cold-pressed avocado oil spray is set to expand rapidly from 2024 to 2030. Cold-pressed extraction involves minimal heat, preserving the oil's beneficial compounds like vitamins and antioxidants. This method appeals to health-conscious consumers seeking oils with minimal processing and maximum nutritional benefits
• Sales of avocado oil spray through hypermarkets and supermarkets accounted for the majority of the market share in 2023. With major chains such as Walmart serving millions of customers daily across thousands of stores worldwide, these retail giants offer unmatched accessibility and availability of products such as avocado oil spray
• The Asia Pacific avocado oil spray market is expected to grow rapidly from 2024 to 2030. There is an increasing awareness of healthy lifestyles and the growing popularity of international cuisines in the region. Its lightweight, non-greasy texture appeals to consumers seeking healthier alternatives to traditional oils

Avocado Oil Spray Market Segmentation

Grand View Research has segmented the Avocado Oil Spray market on the basis of nature, type, distribution channel, and region

Avocado Oil Spray Nature Outlook (Revenue, USD Million, 2018 - 2030)

• Conventional
• Organic

Avocado Oil Spray Type Outlook (Revenue, USD Million, 2018 - 2030)

• Refined
• Cold-Pressed

Avocado Oil Spray Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hypermarkets & Supermarkets
• Convenience Stores
• Online
• Others

Avocado Oil Spray Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Avocado Oil Spray Market

• La Tourangelle
• Chosen Foods LLC
• BetterBody Foods
• POMPEIAN
• BJ's Wholesale Club 
• Amazon Fresh
• Primal Kitchen
• Mantova Fine Italian Food
• Simply Nature
• ConAgra Foods

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/avocado-oil-spray-market-report

The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period.

Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable material. Automotive applications of the product include fuel tanks, trim, gaskets, suspension systems, and bodies of the buses.

Characteristics of diverse stainless steel materials depending upon the application make them advantageous and preferable when compared to other materials. This is a major reason for their growing demand. For example, if we compare steel and aluminum since they are often considered alternatives in many applications, steel is preferable over aluminum because of its low cost, strength, and less likely to damp, bent, or warp.

Numerous applications have propelled the demand for stainless steel during these years and by enlargement in the end-use industries, the need for these materials is expected to increase further at a rapid rate. As a result, the production of the commodity is carried out on a large scale where iron ore is the key raw material. This ore is mined from the earth’s crust.

The increasing demand together with certain disadvantages, associated with conventional production processes such as the negative environmental effect of iron ore mining, has compelled vendors to opt for an alternative step, which is recycling. The phenomenal property of stainless steel can be recycled frequently without having any impact on the quality eventually promoting the stainless steel scrap industry.

Stainless steel scrap recycling has various benefits economically and environmental. Every ton of recycled steel saves 1.5 tons of iron ore, and 0.5 tons of coal, and reduces water consumption by 40.0%. In addition, carbon dioxide emissions are reduced by 50-60%. As a result, the advantages of metal recycling along with increasing demand for stainless steel in end-use applications are propelling the growth of the stainless steel market.

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Stainless Steel Market Report Highlights

• In terms of revenue, the Asia Pacific was the largest region in 2023 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2023 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
• The 300 series segment held the largest share of over 59.0% in 2023. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
• Flat products accounted for a revenue share of more than 73% in 2023 and is likely to dominate the market over the forecast period. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
• Building & construction application segment is likely to observe a lucrative growth of 7.6% during the forecast period on account of massive investment in infrastructure and housing sectors by the countries such as the U.S., China, and India
• The competitive rivalry within the industry is projected to increase with rising mergers & acquisitions, capacity expansion, in addition to network distribution

Stainless Steel Market Segmentation

Grand View Research has segmented the global stainless steel market on the basis of on grade, product, application, and region:

Stainless Steel Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• 200 Series
• 300 Series
• 400 Series
• Duplex Series
• Others

Stainless Steel Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Flat
• Long

Stainless Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Mechanical Engineering & Heavy Industries
• Electronic Appliances
• Food Manufacturing
• Others

Stainless Steel Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Stainless Steel Market

• Acerinox S.A.
• Aperam Stainless
• ArcelorMittal
• Baosteel Group
• Jindal Stainless
• Nippon Steel Corporation
• Outokumpu
• POSCO
• ThyssenKrupp Stainless GmbH
• Yieh United Steel Corp.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/stainless-steel-market

Neurovascular Devices Market Growth & Trends

The global neurovascular devices market size is anticipated to reach USD 4.53 billion by 2030, registering a CAGR of 6.01% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of neurological illnesses such as stroke, brain aneurysm, and cerebral artery stenosis is driving growth of the neurovascular devices market. According to the World Stroke Organization (WSO), in 2022, there will be more than 12.2 million new strokes per year.

One in every four adults above the age of 25 will suffer a stroke throughout their lifetime. In addition, nearly 7.6 million new ischemic strokes occur each year. Around 62.0% of all incident strokes worldwide are ischemic strokes, with more than 1.2 million new subarachnoid hemorrhages occurring each year. As a result, the figures show that there is a significant demand for the neurovascular devices, which is driving neurovascular device market expansion.

The rising prevalence of brain aneurysms in both developed and developing countries is driving the introduction of technologically advanced products to the market. Some significant therapeutic techniques for an intracranial aneurysm include surgical clipping, endovascular coiling, and flow diverters. Market participants are constantly working to introduce technologically advanced products to the market.

For instance, in September 2021, Medtronic plc. announced the CE Mark clearance of its radial artery access portfolio, which comprises the Rist 079 Access Radial Guide Catheter and the Access Rist Radial Selective Catheter. Furthermore, in March 2022, Micro Port Scientific Company announced that its Hyper flex Balloon Catheter has received registration approval from the Japan Pharmaceuticals and Medical Devices Agency (PMDA).

Reduced postoperative discomfort and faster recovery are the factors expanding use of the minimally invasive operations and fueling R&D in this field. Endovascular coiling is a minimally invasive surgery that is frequently suggested by the clinicians for the treatment of cerebral aneurysms. Hydro Coils (MicroVention, Tustin, California, USA) have permitted the treatment of more complex aneurysmal structures with reduced recurrence rates as compared to bare-platinum coils. As a result, increased demand for the minimally invasive procedures is supporting neurovascular device market expansion.

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Neurovascular Devices Market Report Highlights

• In 2022, cerebral embolization and aneurysm coiling devices dominated the neurovascular devices market with a market share of 34.79%. As the prevalence of cerebral artery stenosis rises, major players are introducing more technologically advanced products
• Based on therapeutic application, stroke segment dominated the market in 2022 with a market share of 57.10% due to the increasing prevalence of stroke, globally. The increasing frequency of strokes around the world has resulted in a significant demand for the management of these cases, necessitating the intensive use of neurovascular devices
• Among size, 0.021" held a majority market share of 27.26% in the year 2022. This is due to 0.021” size products are preferred over others owing to superior flow rates and embolic compatibility
• Among end use, hospitals held a majority market share of 70.97% in the year 2022. Increasing number of patients being admitted to the hospitals due to the surgeries, therapies, and treatments is expected to favor the neurovascular device market. Thus, subsequent increase in number of patients across the globe, launch of technologically advanced products, and favorable reimbursement policies are leading to a growing demand for the hospital treatments
• North America led the market with the maximum revenue share of 26.44% in 2022. Rising demand for the minimally invasive surgeries, and increasing government initiative for improving healthcare infrastructures are among the key factors driving the market growth. In addition, technological advancement and innovation of new noninvasive techniques will create lucrative opportunities for the segment

Regional Insights

North America dominated the neurovascular devices market with the share of 26.44% in 2022 owing to the presence of key manufacturers such as Penumbra, Inc., Stryker Corporation, Johnson & Johnson, and Merit medical systems, Inc. in the region. In February 2023, Phenox Inc. stated that their pRESET Thrombectomy Device has been cleared by the FDA for use in the treatment of acute ischemic stroke. The product pRESET, which has been marketed in Europe for more than  a decade, has now been approved for use in the U.S. Furthermore, rising prevalence of neurological disorders, and increasing demand for the minimally invasive surgical procedures are driving the neurovascular devices market growth in this region.

Neurovascular Devices Market Segmentation

Grand View Research has segmented the global neurovascular devices market based on the device, therapeutic application, size, end use, and regions:

Neurovascular Devices Device Outlook (Revenue USD Million; Volume Unit; 2018 - 2030)

• Cerebral Embolization and Aneurysm Coiling Devices
• Cerebral Angioplasty and Stenting Systems
• Neurothrombectomy Devices
• Support Devices
• Trans Radial Access Devices

Neurovascular Devices Therapeutic Application Outlook (Revenue USD Million; 2018 - 2030)

• Stroke
• Cerebral Artery
• Cerebral Aneurysm
• Others

Neurovascular Devices Size (in Inches) Outlook (Revenue USD Million; 2018 - 2030)

• 0.027"
• 0.021"
• 0.071"
• 0.017"
• 0.019"
• 0.013"
• 0.058"
• 0.068"
• Others

Neurovascular Devices End Use Outlook (Revenue USD Million; 2018 - 2030)

• Hospitals
• Specialty Clinics
• Others

Neurovascular Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players In Neurovascular Devices Market

• Medtronic
• Johnson and Johnson Services Inc.
• Penumbra, Inc.
• Micro port Scientific Corporation
• Stryker
• Microvention Inc. (Terumo Corporation)
• Codman Neuro (Integra Life sciences)

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/neurovascular-devices-market

Paint Protection Film Market Growth & Trends

The global paint protection film market size is expected to reach USD 739.40 million by 2030, registering a CAGR of 5.9% during the forecast period, according to a new report by Grand View Research, Inc. The major factors for the growth of the market are increasing consumer awareness regarding automobile paint protection and high demand from the automotive industry.

Considering the trend from the recent past, emerging economies like India, Malaysia, Thailand, and Vietnam along with a few Central American countries such as Brazil and Argentina have been the crux of global automotive industry growth. The growing population coupled with industrialization has resulted in high income levels and rising standard of living, thereby increasing the demand for personal vehicles.

Paint protection films find their origin in military transport and defense applications and continue their use in these industries to date. Consumers believed in spending on repainting the vehicle instead of making use of paint protection films in the past. Over the last few years, this trend has been changing with the retailers and manufacturers of paint protection films observing considerable growth in sales. This is attributed to the added customer awareness through marketing and expansion into the OEM market.

The global automotive industry has been witnessing booming growth and profitability with annual sales reaching pre-pandemic levels in some regions. Over the recent past, there has been a positive outlook in automotive sector across various regions, from developed markets such as the U.S. to developing markets such as India.

The global automotive industry is growing at a rapid pace on account of the accelerating technological transformations including no petroleum-based fuel or hybrid vehicles, autonomous driving, and new mobility services. The industry is expected to witness significant growth owing to the increasing sales and demand in the emerging economies of India, China, and Brazil.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/paint-protection-film-market

Paint Protection Film Market Report Highlights

• Based on material, the thermoplastic polyurethane (TPU) segment dominated the market with more than 82.8% share in 2023. Paint protection films made of thermoplastic polyurethane are substantially more resistant to fading and discoloration. These TPU films' adhesives have also been changed to make them simpler for smooth removal. Together, these two elements do a considerably better job of protecting the original car paint than the paint protection films of the past
• Europe dominated the market in 2023. Europe has a robust automotive sector. According to the European Commission, automotive sector in Europe represents over 7% of the European Union GDP and is linked with upstream and downstream industries such as textiles, chemicals, steel & mobility, repair, and ICT. Automotive sector in Europe consists of leading automotive manufacturers such as Volkswagen AG, Stellantis NV, Renault Group, and Mercedes-Benz Group AG. The region also has a presence of assembly lines set up by foreign automobile manufacturers such as Hyundai Motor Company, TOYOTA MOTOR CORPORATION, and Kia
• In September 2022, 3M launched the Scotchgard Paint Protection Film (PPF) Pro Series 200 Gloss. The new Scotchgard PPF Pro Series 200 Gloss offers excellent clarity, hydrophobic features, and high gloss. Moreover, the good flexibility of the film allows an easy repairable installation experience, which can help 3M strengthen its market position in the market.

Regional Insights

Based on region, Europe held the largest revenue share of 31.6% of the market in 2023. Europe has a robust automotive sector. According to the European Commission, the automotive sector in Europe represents more than 7% share of the European Union GDP and is linked with upstream and downstream industries such as textiles, chemicals, steel & mobility, repair, and ICT.

The automotive sector in Europe consists of leading manufacturers such as Volkswagen AG, Stellantis NV, Renault Group, and Mercedes-Benz Group AG. The region also has assembly lines set up by foreign automobile manufacturers such as Hyundai Motor Company, TOYOTA MOTOR CORPORATION, and Kia. Furthermore, the region has a significant presence of many SMEs specialized in manufacturing automobile components in the EU member countries such as Italy, Spain, France, the Czech Republic, and Hungary, which is expected to play a pivotal role in driving the automotive industry in Europe.

North America is anticipated to grow at a CAGR of 5.9% over the forecast period. Several states in the U.S., including California, New Jersey, Washington, and Louisiana, offer tax credits, exemptions, and rebates for promoting the procurement of electric vehicles (EVs). New Jersey and Washington exempt the sales and use taxes on electric vehicles (EVs), while California offers rebates on the purchase and usage of plug-in hybrid electric vehicles (PHEVs) and other light-duty zero-emission vehicles.

Paint Protection Film Market Segmentation

Grand View Research has segmented the global paint protection film market report based on material, end-use, and region:

Paint Protection Film Material Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2018 - 2030)

• Thermoplastic Polyurethane (TPU)
• Polyvinyl Chloride (PVC)
• Others

Paint Protection Film End-use Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2018 - 2030)

• Automotive & Transportation
• Electrical & Electronics
• Aerospace & Defence
• Others

Paint Protection Film Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Paint Protection Film Market

• 3M
• XPEL Inc.
• Schweitzer-Mauduit International, Inc.
• Eastman Chemical Company
• Avery Dennison Corporation
• Saint-Gobain S.A.
• RENOLIT SE
• Ziebart International Corporation
• Hexis S.A.S
• Garware Hi-Tech Films Ltd.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/paint-protection-film-market

AI In Healthcare Market Growth & Trends

The global AI in healthcare market size is expected to reach USD 187.7 billion by 2030, registering a CAGR of 38.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. AI acts as a transformative force in healthcare systems, shifting them from reactive to proactive, predictive, and preventive models. Clinical decision support systems, fueled by artificial intelligence (AI), empower physicians and healthcare professionals with predictive and real-time analytics, enhancing decision-making and elevating care quality, ultimately resulting in improved patient outcomes. 

Furthermore, AI facilitates a comprehensive understanding of disease biology and patient pathology, advancing precision medicine and precision public health initiatives.

Furthermore, the growing field of life sciences R&D opens numerous opportunities for market growth, with AI's ability to process vast volumes of multidimensional data playing a crucial role. This capability accelerates the generation of novel hypotheses, expedites drug discovery and repurposing processes, and significantly reduces costs and time to market through the utilization of in silico methods. In essence, AI drives innovation and efficiency across the healthcare sector, revolutionizing healthcare delivery worldwide. AI-based technologies are implemented in various healthcare domains, including virtual assistants, robot-assisted surgeries, claims management, cybersecurity, and patient management.

AI algorithms are trained using patient health datasets to optimize disease diagnosis and early detection, enabling the initiation of timely treatment regimens. Supportive government initiatives, funding, a growing number of investments from private investors and venture capitalists, and the emergence of AI-specialized startups globally are key drivers of market growth. For instance, in February 2024, Fabric, a health tech company, raised USD 60 million in series A funding to expand its conversational AI-powered healthcare platform. In September 2023, Amazon announced a USD 4 billion investment in AI in partnership with Anthropic, representing a significant strategic move toward advancing the tech giant's healthcare aspirations.

The emergence of several startups in the AI healthcare market is another significant driver of industry growth. Their presence stimulates investment, encourages technological advancements, and expands the scope of AI applications in healthcare. The collective efforts of these startups fuel momentum in the AI healthcare market, driving greater innovation, efficiency, and effectiveness in delivering healthcare solutions. Notable startup companies in this space include Activate Health, Kahun, Likeminded, and Pharmarun, among others.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-healthcare-market

AI In Healthcare Market Report Highlights

• The software solutions component segment dominated the global market in 2023 with the largest revenue share of 46.3%. This large share is attributed to the widespread adoption of AI-based software solutions among care providers, payers, and patients
• The robot-assisted surgery application segment dominated the market in 2023 with the largest revenue share and it is anticipated to witness the fastest CAGR from 2024 to 2030
• A rise in the volume of robot-assisted surgeries and increased investments in the development of new AI platforms are a few key factors supporting the penetration of AI in robot-assisted surgeries
• The machine learning (ML) technology segment held the largest share in 2023 as a result of advancements in ML algorithms across various applications. This trend is expected to continue due to the increasing demand for ML technologies
• The healthcare payers end-use segment is anticipated to experience the fastest CAGR from 2024 to 2030
• In 2023, North America dominated the industry and held the largest share of over 45% owing to advancements in healthcare IT infrastructure, readiness to adopt advanced technologies, presence of several key players, growing geriatric population, and rising prevalence of chronic diseases
• In Asia Pacific, the market is anticipated to witness significant growth over the forecast period

AI In Healthcare Market Segmentation

Grand View Research, Inc. has segmented the global AI in healthcare market on the basis of component, application, technology, end-use, and region:

Artificial Intelligence (AI) In Healthcare Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software Solutions
• Services

Artificial Intelligence (AI) In Healthcare Application Outlook (Revenue, USD Million, 2018 - 2030)

• Robot-assisted Surgery
• Virtual Assistants
• Administrative Workflow Assistants
• Connected Medical Devices
• Medical Imaging & Diagnostics
• Clinical Trials
• Fraud Detection
• Cybersecurity
• Dosage Error Reduction
• Precision Medicine
• Drug Discovery & Development
• Lifestyle Management & Remote Patient Monitoring
• Wearables
• Others (Patient Engagement, etc.)

Artificial Intelligence (AI) In Healthcare Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Machine Learning
• Natural Language Processing
• Context-aware Computing
• Computer Vision

Artificial Intelligence (AI) In Healthcare End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Healthcare Providers (Hospitals, Outpatient Facilities, and Others)
• Healthcare Payers
• Healthcare Companies (Pharmaceutical, Biotechnology, Medical Devices)
• Patients
• Others

Artificial Intelligence (AI) In Healthcare Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Artificial Intelligence (AI) In Healthcare Market

• Microsoft
• IBM
• Google
• NVIDIA Corporation
• Intel Corporation
• Itrex Group
• GE Healthcare
• Medtronic
• Oracle
• Medidata
• Merck
• IQVIA

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-healthcare-market  

Food Packaging Market Growth & Trends

The global food packaging market size is expected to reach USD 562.3 billion by 2030, expanding at 5.7% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Increased diverse eating habits and lifestyle changes have driven the demand for convenience food products which is expected to bolster the growth of the global food packaging industry.

The food packaging industry exhibits rapid growth for portable and single-serve food packs. Rising global per capita income is expected to increase the purchasing power of buyers further driving the demand for packaged foods products. Although real wages witnessed a decline in 2022, according to the Observatory of Economic Complexity (OECD), by the end of 2023, real wages are projected to stop declining. This is attributed to the extensive rollout of support initiatives by governments across the globe to cushion the effects of food prices and high energy on households. This is expected to increase the consumer spending capacity thereby driving the demand for packaged food & beverages.

The high volatility observed in the prices of raw materials is expected to restrain the food packaging industry's growth. However, the introduction of sustainable packing materials by major food packaging manufacturers, coupled with increasing awareness and notable consumption volume by buyers, is expected to propel the food packaging industry over the forecast period.

Growing concerns regarding food safety and contamination are predicted to support the demand for effective packaging solutions. In addition, sales of packaged foodstuff are anticipated to propel due to the increasing number of retail food chains opened by big food brands, consequently driving demand for packaging material. The surge in demand for food delivery services such as Uber Eats, Zomato, DoorDash, and Grubhub among others is also expected to have a positive impact on the food packaging industry.

The growing food sector has attracted food packaging manufacturers to invest in increasing their production capacities. For instance, in April 2023, UAE-based Hotpack Global announced its intent to build a specialized food packaging project in Saudi Arabia. The project is expected to be valued at USD 266.0 million and will be developed jointly with the Saudi Ministry of Industry.

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Food Packaging Market Report Highlights

• Flexible packaging is expected to register the highest CAGR of 6.3% in terms of revenue from 2023 to 2030, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers
• Paper & paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.4% from 2023 to 2030, owing to its low cost and sustainability
• The bakery and confectionary segment is anticipated to be the largest application, which recorded a market value of USD 100.6 billion in 2022, due to growing demand for cakes, candies, and frozen ready-to-eat bakery products
• Asia Pacific is expected to dominate the food packaging industry in 2022 and is expected to continue its dominance on account of a growing population, increasing urbanization, and rising disposable income of consumers
• The food packaging industry is highly fragmented and is characterized by the presence of a large number of players. Key players comprise Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC
• In May 2023, Amcor plc inked a definitive agreement to acquire New Zealand-based Moda Systems. This acquisition is expected to help Amcor expand its existing film portfolio and offer an end-to-end packaging solution incorporating even the sales of packaging machines

Food Packaging Market Segmentation

Grand View Research has segmented the global food packaging market based on type, material, application, and region:

Food Packaging Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Rigid
• Semi-rigid
• Flexible

Food Packaging Material Outlook (Revenue, USD Billion, 2018 - 2030)

• Paper & Paper-based Material
• Plastics
• Metal
• Glass
• Others

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

• Bakery & Confectionary
• Dairy Products
• Fruits & Vegetables
• Meat, Poultry & Seafood
• Sauces & Dressings
• Others

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

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

List of Key Players in the Food Packaging Market

• Amcor plc
• Sealed Air
• Sonoco Products Company
• Berry Global, Inc.
• WestRock Company
• Mondi
• Genpak LLC
• Pactiv LLC
• Chantler Packages
• WINPAK LTD.
• Alpha Packaging
• BE Packaging
• Cheer Pack North America
• Evanesce Packaging Solutions Inc.
• Pacmoore Products Inc.
• Innovative Fiber
• Emmerson Packaging
• PakTech
• Tradepak
• ProAmpac

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/food-packaging-market  

Polyethylene Market Growth & Trends

The global polyethylene market size is anticipated to reach USD 213.77 billion by 2030, growing at a CAGR of 5.0% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the increasing consumption of plastics in the automotive, medical, construction, and electrical & electronics industries. Moreover, the increasing demand for lightweight materials in the automotive industry contributes to industry growth. Polyethylene (PE)  is commonly used for manufacturing lightweight plastics, films, and foams used in vehicles.

The emphasis of the automotive industry on enhancing the fuel efficiency of vehicles by reducing their weight leads to the adoption of PE in this industry. As recycling technologies advance, the PE market adapts to integrate more recycled content into its products, contributing to a more circular and resource-efficient approach. Government policies and regulations supporting sustainable practices further bolster the demand for recycled PE. The circular economy encourages the collection, separation, and reprocessing of used PE products, diverting them from landfills.

One of the major challenges faced by the market includes fluctuations in raw material prices. The global crude oil prices have witnessed severe fluctuations in the past few years. Social disruption in key crude oil-producing regions, such as Venezuela, Libya, Iran, Nigeria, and Iraq has hampered crude oil supply, generating inelasticity in the supply-demand balance. These factors are short-lived in the market causing immediate fall and rise in prices, thus impacting market growth.

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Key Polyethylene Company Insights

Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

• In November 2023, Dow announced an investment in the Fort Saskatchewan Path2Zero project in Alberta, Canada, with an investment of USD 6.5 billion, as part of the company's goal to achieve carbon neutrality by 2050. The project involves the construction of a new ethylene plant and expanding polyethylene capacity by 2 million metric tons annually. The construction is scheduled to commence in 2024, and the increased capacity is set to be implemented in stages, with the initial phase anticipated to begin in 2027
• In October 2023, Borealis AG and TotalEnergies SE announced plans to construct a USD 1.4 billion Borstar PE unit within their Baystar joint venture. This PE unit, boasting a capacity of 625,000 metric tons annually, marks a significant increase, doubling the current production capabilities at the Baystar site including two existing PE production units
• In August 2023, Dow partnered with Mengniu, a dairy company, to launch a PE yogurt pouch, specifically designed for recyclability. This joint effort signifies a significant step for both companies in reinforcing their dedication to promoting a circular economy in China. The partnership with Mengniu enables both brands to take the lead in pioneering recyclable all-PE dairy packaging in the Chinese market.

Polyethylene Market Report Highlights

• High-density Polyethylene (HDPE) dominated the product segment with more than 49.0% share in 2023. The demand for efficient and long-lasting solutions in water infrastructure and agriculture enhances the growth prospects of the HDPE segment
• The Linear Low-density Polyethylene (LLDPE) type segment is expected to grow at the fastest CAGR of 5.5% over the forecast period
• The bottles & containers application segment held a substantial market share in 2023. The sustainability trend in the packaging industry contributes to the growth of this segment
• The use of recyclable materials is growing due to environmental concerns. The recyclability and compatibility of PE with recycling processes are essential for eco-conscious industries and consumers
• Asia Pacific dominated the global market in 2023. The growing manufacturing industry in Asia Pacific is anticipated to drive the demand for PE
• In October 2023, Borealis AG and TotalEnergies SE announced plans to construct a USD 1.4 billion Borstar PE unit within their Baystar joint venture. This PE unit, boasting a capacity of 625,000 metric tons annually, marks a significant increase, doubling the current production capabilities at the Baystar site including two existing PE production units

Regional Insights

The North America Polyethylene Market accounted for a significant revenue share of 19.2% in 2023. The shale gas boom in North America has transformed the regional PE market. The abundant and easy availability of cost-effective feedstocks derived from shale gas, particularly ethane, has given PE producers, based in North America, a significant competitive advantage.

U.S. Polyethylene Market Trends

The Polyethylene Market in the U.S.is expected to grow over the forecast period. The U.S. energy landscape, specifically the abundant availability of shale gas, is a critical driver for the PE market growth in the country. Shale gas serves as a primary feedstock for ethylene production, which is a key building block for PE. The accessibility and the cost competitiveness of shale gas contribute to the expansion of ethylene production capacities in the U.S., thereby supporting market growth.

Asia Pacific Polyethylene Market Trends

The Asia Pacific Polyethylene Market dominated the global industry in 2023 with a share of over 50.3%. Asia Pacific is a diverse market for PE owing to the growing automotive and construction industries in the region that are key consumers of this material. The growing manufacturing industry in Asia Pacific is anticipated to drive the requirement for PE.

The Polyethylene Market in China held a significant share in the Asia Pacific region. The market is anticipated to register a CAGR of 5.3% over the forecast period. Government initiatives for infrastructure development projects are driving market growth in China. The ambitious infrastructure development plans of the country, including the Belt and Road Initiative, stimulate the demand for PE in construction and related activities.

Polyethylene Market Segmentation

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

PE Product Outlook (Volume, Kilotons, Revenue; USD Million, 2018 - 2030)

• Low-density Polyethylene (LDPE)
• High-density Polyethylene (HDPE)
• Linear Low-density Polyethylene (LLDPE)

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

• Bottles & Containers
• Films & Sheets
• Bags & Sacks
• Pipes & Fittings
• Other Applications

PE End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging
• Construction
• Automotive
• Agriculture
• Consumer Electronics
• Other End-uses

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

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

List of Key Players in the Polyethylene Market

• BASF SE
• Borealis AG
• Braskem
• Dow
• Exxon Mobil Corporation
• Formosa Plastics
• INEOS Group
• LG Chem
• LyondellBasell Industries Holdings B.V.
• Mitsubishi Chemical Corporation
• MOL Group
• SABIC
• China Petrochemical Corporation (Sinopec) 

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/polyethylene-pe-market

Wearable Medical Devices Market Growth & Trends

The global wearable medical devices market size is anticipated to reach USD 168.29 billion by 2030 and is anticipated to expand at a CAGR of 25.66% during the forecast period, according to a new report by Grand View Research, Inc. The market is experiencing growth driven by an increasing demand for high-tech products and the growing trend of continuous health monitoring.

The rising obesity rate and a heightened awareness of physical fitness, is motivating individuals to engage in workouts and adopt fitness-related activities. Wearable devices like smartwatches and smart bands play a crucial role in monitoring various fitness parameters, including calories burned, step count, heart rate, and distance covered. Companies such as Google, Fitbit, Apple, and Nike are actively launching innovative products, particularly focusing on smartwatches and wristbands, contributing to a surge in product availability.

The COVID-19 pandemic has positively impacted the market, driven by the increased demand for telemedicine. WHO guidelines promoting social distancing and discouraging public gatherings have led to a preference for telemedicine among physicians, enabling remote patient treatment without the risk of virus transmission. The growth of telemedicine, coupled with the integration of artificial intelligence (AI) into its systems, has further propelled the expansion of the wearable medical device market.

The escalating prevalence of chronic diseases and rising mortality rates are causing major concern, prompting healthcare providers to focus on personalized care, particularly through continuous remote patient monitoring. Wearable medical devices, capable of 24-hour wear without disrupting daily routines, are gaining traction due to their various advantages. Consequently, the demand for these devices is expected to surge over the forecast period.

Wearable medical devices are playing a pivotal role in the cardiovascular device market. These innovative technologies, ranging from smartwatches to continuous monitoring devices, offer new avenues for real-time health tracking, early detection of cardiovascular issues, and personalized patient care. The integration of wearable devices in cardiovascular healthcare reflects a transformative shift towards preventive and proactive healthcare solutions, ultimately enhancing patient outcomes and disease management.

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Regional Insights

North America accounted for the largest revenue share in 2023, owing to the growing prevalence of cardiovascular disorders, diabetes, and cancer within this region. High adoption of remote patient monitoring and home care devices for regular, continuous, and long-term monitoring of patients and reducing the frequency of hospital visits are anticipated to fuel market growth over the forecast period.

The market is expected to witness exponential growth in Asia Pacific over the forecast period. Significant factors boosting market growth are favorable government initiatives for using such wearable medical instruments, increasing geriatric population base, and increasing healthcare expenditure in this region. Japan held the largest share of the remote patient monitoring devices market in the Asia Pacific region in 2023. It is expected to maintain its dominance over the forecast period due to rapid technological advancements and the growing requirement for home care devices and round-the-clock monitoring. Japanese firms place a high value on health, skincare, and all human consumables.

Wearable Medical Devices Company Insights

By introducing groundbreaking technologies, key wearable medical device companies are significantly impacting the market. Innovations such as advanced wearable medical device sensors, continuous monitoring capabilities, and integration with artificial intelligence are reshaping the landscape. Industry leaders leverage these technologies to enhance the accuracy and range of health metrics that wearable devices can track. Moreover, the incorporation of data analytics and cloud connectivity enables seamless data sharing, improving the overall healthcare ecosystem. This technological evolution propels the market's growth. It contributes to improved patient outcomes, personalized healthcare, and the transformation of wearable medical devices into indispensable tools for consumers and healthcare providers.

Wearable Medical Devices Market Report Highlights

• The diagnostic devices segment emerged as the market leader in 2023, driven by rising disposable income, increased awareness, and higher healthcare spending
• Straps, clips, bracelets, and watches constitute the largest and fastest-growing segment of the market
• Home healthcare secured a substantial share of 53.6% in 2023, propelled by a growing geriatric population contributing to higher incidence rates of target diseases
• North America held the largest revenue share in 2023, primarily due to the expanding home care applications and remote patient monitoring for regular, continuous, and long-term patient monitoring
• The Asia-Pacific region is poised to experience the fastest growth over the forecast period, attributed to increasing awareness levels, rising disposable income, a large population base, and an increasing incidence rate of chronic conditions

Wearable Medical Devices Market Segmentation

Grand View Research has segmented the global wearable medical device market based on product, site, application, distribution channel, grade type, and region:

Wearable Medical Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic Devices
• Therapeutic Devices

Wearable Medical Devices Site Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld
• Headband
• Strap/Clip/Bracelet
• Shoe Sensors
• Others

Wearable Medical Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Sports & Fitness
• Remote Patient Monitoring
• Home Healthcare

Wearable Medical Devices Grade Type Outlook (Revenue, USD Million, 2018 - 2030)

• Consumer-Grade Wearable Medical Devices
• Clinical Wearable Medical Devices

Wearable Medical Devices Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmacies
• Online Channel
• Hypermarkets

Wearable Medical Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Wearable Medical Devices Market

• Koninklijke Philips N.V.
• Fitbit
• Basis Science
• Garmin
• Covidien (Medtronic)
• Omron Corp.
• Withings
• Vital Connect
• Polar Electro
• Everist Genomics
• Intelesens Ltd.
• Sotera Wireless
• Apple

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/wearable-medical-devices-market

Insulin Delivery Devices Market Growth & Trends

The global insulin delivery devices market size was estimated at USD 28.06 billion in 2030 and is expected to grow at a CAGR of 7.89% from 2024 to 2030. Obesity, sedentary lifestyles, and unhealthy food habits, primarily in the young population, lead to the occurrence of diabetes. In addition, the growing diabetic geriatric population is another factor supporting the growth of this vertical. According to the United Nations, Department of Economic and Social Affairs, around 901 million individuals were aged 60 or over in 2015 and this number is projected to increase to 1.4 billion by 2030. Thus, the enlarging elderly population is expected to boost the demand for insulin delivery devices.

Technological advancements in diabetes management have significantly transformed insulin delivery methods, evolving from traditional injections to more advanced, minimally invasive techniques. Initially, insulin administration faced challenges in maintaining consistent blood glucose levels. However, the advent of insulin pens facilitated easier self-administration, reducing discomfort. The development of insulin pumps allowed for continuous insulin infusion, enhancing glucose control. A pivotal advancement was the introduction of Continuous Glucose Monitoring (CGM) devices, providing real-time glucose data, essential for informed decision-making. This set the stage for Artificial Pancreas Systems (APS), which integrate CGM data with insulin pumps for automated delivery, closely mimicking natural pancreatic function. Bionic technology, blending biological and artificial processes, has been instrumental in advancing insulin delivery. It underpins devices such as APS, utilizing algorithms, sensors, and automated pumps for precise blood sugar regulation, minimizing manual intervention. These innovations offer tailored, user-friendly solutions, notably improving patient outcomes. Modern insulin pumps, equipped with CGM integration, predictive algorithms, and smartphone connectivity, exemplify significant progress in device functionality, offering accurate and adaptable insulin management. These features not only mitigate risks associated with blood glucose extremes but also empower users with finer control over their insulin dosing, responding dynamically to glucose level changes.

Technological innovations and advancements are an ongoing trend in this vertical. The high demand for advanced insulin delivery devices is supporting the adoption of recently launched innovative pen devices and portable pumps, which is estimated to boost the market growth. Also, favorable reimbursement policies for these devices, mainly in developed countries like the U.S. and Germany, are anticipated to fuel the market growth during the study period. However, stringent regulatory requirements regulating the approval of insulin delivery devices and the high cost of insulin analogs in diabetes care management are major factors restraining the growth of this industry.

The market's prominent competitors are taking different initiatives such as acquisition, funding, and product development to expand their product portfolio and enhance their manufacturing capacity. For instance, in October 2021, Eli Lilly partnered with Cipla, to market its Insulin products (Humalog and Trulicity) in India. Additionally, In June 2021, the company acquired Protomer Technologies, to strengthen its market presence. Further, Novo Nordisk, joined hands with Biocorp to develop a Bluetooth-enabled smart add-on device for their pen insulin injector.

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Insulin Delivery Devices Market Report Highlights

• The insulin pens segment was the largest revenue-generating category of this market in 2021. The pen is equipped with self-contained cartridges and offers ease in handling and less pain while injecting insulin. The advantages of these pen devices over other products are resulting in their growing popularity, thus serving as a vital factor in contributing to the sectorb s highest share in this market
• The home care segment is estimated to be the fastest-growing segment due to increased adoption of self-care diabetes management devices and the availability of simplified and user-friendly product designs for patients
• North America is the leading regional sector and accounted for the largest revenue share in 2021 primarily due to the favorable reimbursement scenario in this space. Also, the presence of major manufacturers in this region is supporting market growth
• In Asia Pacific, the market is anticipated to grow fast during the forecast period. The high prevalence rate of diabetes in countries, such as China and India, is a major factor contributing to market expansion in this region

Insulin Delivery Devices Market Segmentation

Grand View Research has segmented the global insulin delivery devices market report based on product, end use, and region.

Insulin Delivery Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Insulin Pens
  • Reusable Insulin Pens
  • Disposable Insulin Pens
• Insulin Pumps
  • Patch Pumps
  • Tethered Pumps
• Insulin Pen Needles
  • Standard Pen Needles
  • Safety Pen Needles
• Insulin Syringes
• Other Products

Insulin Delivery Devices End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics
• Homecare
• Other End Users

Insulin Delivery Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Insulin Delivery Devices Market

• Novo Nordisk A/S
• Sanofi
• Eli Lilly and Company
• Ypsomed AG
• Medtronic
• Insulet Corporation
• B. Braun SE
• Owen Mumford Ltd.
• Tandem Diabetes Care, Inc.
• BD (Becton, Dickinson, and Company)

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/insulin-delivery-devices-market