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Showing posts from January, 2025

Single-use Bioreactors Market 2023 Supply-Demand, Production Cost and Share Analysis

  Single-use Bioreactors Industry The global  single-use bioreactors market  size is expected to reach USD 12.06 billion by 2030, registering a CAGR of 17.19% from 2023 to 2030, according to a new report by Grand View Research, Inc. Owing to the rising demand for biopharmaceuticals, coupled with increasing investments in single-use technologies, the market for single-use bioreactors is expected to witness significant growth throughout the forecast period. Furthermore, the COVID-19 outbreak has positively impacted the market for SUBs. The race to create an effective vaccine against the SARS-CoV-2 virus is being undertaken by numerous biopharmaceutical firms. As a result, the need for single-use bioreactors has drastically increased. For instance, in October 2020, ABEC supplied six 4,000 L single-use bioreactors to the Serum Institute of India, for the production of COVID-19 vaccines on a large scale at a reasonable cost. The value of the product, the time required for...

Manufacturing Operations Management Software Market Will Grow Rapidly In Coming Years

  Manufacturing Operations Management Software Industry The global  manufacturing operations management software market  size is projected to reach USD 37.94 billion by 2030, registering a CAGR of 13.8% from 2024 to 2030, according to a new study by Grand View Research Inc. Manufacturing operations management (MOM) software helps organizations in real-time tracking and management of manufacturing operations, maintains operational efficiency, and offers improved product quality, supporting the industry trend. Furthermore, the growing demand for digitalization in manufacturing operations is transforming the industrial landscape by improving efficiency, time to market, and maintaining flexibility in the operational process. These factors are creating a positive environment for the growth of the manufacturing operations management software market during the forecast period. The growing demand for automation and digitization in the production process, along with the real-time ...

Glycerol Market Foreseen To Increase Exponentially By 2030

  Glycerol Industry The global  glycerol market  size is estimated to reach USD 5.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.9% from 2023 to 2030. Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in plants and animals. The raw materials used in the production of the product are primarily vegetable oils, animal fats, sugar alcohol, and fatty acids, among others. Local manufacturers in the developed economies of Europe and North America mainly source these raw material ingredients due to the lack of availability in their regions. As glycerol is obtained from biodiesel, it is renewable in nature a...

Catheter Market Share To Reach Scalable Heights Of Growth

  Catheter Industry The global  catheter market  is anticipated to reach USD 85.19 billion by 2030 and is anticipated to expand at a CAGR of 6.57% during the forecast period, according to a new report by Grand View Research, Inc. Rising healthcare expenditure, increasing collaboration and partnerships among the industry key players, increasing number of surgeries due to a rise in the number of chronic ailments such as diabetes, cardiovascular disorders, urological disorders, end-stage renal diseases, and other chronic conditions is expected to increase the adoption rate of catheters, thus driving the market over the forecast period. Moreover, the increasing cases of bladder cancer boost the demand for catheters driving industry growth. For instance, American Cancer Society projected around 82,290 new cases of bladder cancer in the U.S. in 2023, with approximately 62,420 in men & 19,870 in women, the demand for specialized catheters like the 4-way Foley catheter...

Welding Products Market 2024 Supply-Demand, Production Cost and Share Analysis

  Welding Products Industry The global  welding products market  size is expected to reach USD 19.94 billion by 2030, registering a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rapid industrialization and growing investments in infrastructural developments in major economies such as the U.S., UK, China, India, and Brazil have propelled the market growth. Oxy-fuel welding technology is gaining significant growth on account of its growing use in industrial manufacturing applications. The welding equipment and products used in this technology are highly cost-efficient which promotes its implementation in welding fillet, butt, and lap joints with the object thickness of up to 5mm. The market is fragmented in nature with the presence of a number of global and regional players. Several manufacturers in the market have integrated themselves across the value chain on account of increasing opportunities and moderate growth rates. This...

Premium Hair Care Market Will Grow Rapidly In Coming Years

  Premium Hair Care Industry The global  premium hair care market  size is expected to reach USD 35.49 billion by 2030, registering a CAGR of 6.6% from 2023 to 2030, according to a new report by Grand View Research, Inc.This healthy market growth is mainly attributed to the rising demand for a various premium hair care products such as shampoos, conditioners, hair styling products, hair colors, and hair oils across all age groups and both genders. People's focus is shifting towards seeking a high quality of life through rising spending on luxuries and high-quality goods as a result of increased spending on personal well-being due to the improving standard of living and buying power of consumers around the world. Additionally, the new group of consumers is determined about having the most specialized premium hair care products that solve problems and no longer desire basic hair care products. Premium hair care products are supplied to consumers through various distribution...

Kitchenware Market Foreseen To Increase Exponentially By 2030

  Kitchenware Industry The global  kitchenware market  size is expected to reach USD 102.78 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing hospitality industry, urbanization, increasing number of households, and rising disposable income are some of the prominent factors for the market growth. The tableware segment dominated the global industry and accounted for a revenue share of 54.7% in 2023. Some of the primary factor driving the growth for this segment include rising urbanization, changing lifestyles, urban home settings with greater number of utilities fixed in lesser space, and availability of well-designed dining setups. The cookware segment is expected to experience the fastest CAGR of 7.4% from 2024 to 2030. Growing consciousness about dietary preferences and increased inclination towards home cooking are driving growth for this segment. Supermarket/hypermarket segment dominated t...

Fantasy Sports Market Share To Reach Scalable Heights Of Growth

  Fantasy Sports Industry The global  fantasy sports market  size is estimated to reach USD  56.36 billion by 2030, registering a CAGR of 14.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for fantasy sports is gaining momentum due to improving internet connectivity and increasing smartphone ownership, which helps in user gain. In fantasy sports, users can make virtual teams, which comprise proxies of real players from any professional sports. These teams compete based on the player’s actual performance, which aids the service provider’s analytical servers to predict the users’ winning and losing. Fantasy sports operators are looking for opportunities to enhance their relationships and contribution to the sporting industry. Establishing digital footprints help the operator to create future-ready jobs in artificial intelligence, machine learning, and analytics, which allows them to contribute to the expansion of the sportin...