Payment Gateway Market Worth $71.22 Billion By 2027

The global payment gateway market size is expected to reach USD 71.22 billion by 2027 registering a CAGR of 21.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing use of these billing methods across the globe. Growing usage of various digital channels for payments has also been driving the market growth.

Various companies are using these systems as they allow secure internet transactions, which helps prevent or avoid debit or credit card scams and other fraudulent activities. Such methods also help automate the complete billing process, with faster processing speed and error-free computations.

Various factors, such as the growing trend of digitalization and rising usage of numerous online billing modes like net banking and mobile wallets, are anticipated to propel the market growth over the forecast period. In addition, merging of major e-commerce sites with various payment gateway platforms, partnerships between banks and online retailers, and attractive cashback offers on online billing, are further expected to drive the payment gateway market growth.

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https://www.grandviewresearch.com/industry-analysis/payment-gateway-market

Further key findings from the study suggest:

  • The hosted segment is expected to account for the largest market share over the forecast period
  • Payment gateways can deliver a significant uplift to the profitability of a small & medium enterprises by delivering better customer experience and reducing transaction costs
  • Various factors, such as better shopping experience and increased usage of smartphones, are expected to create growth opportunities for the market in the retail & e-commerce end-use segment
  • North America is estimated to be the largest regional market due to high demand for faster billing solutions as a result of growing e-commerce sales and rapidly changing retail market
  • Key vendors in the market include Stripe; Braintree; Authorize.Net; PayPal Holdings, Inc.; and Amazon Payments, Inc.

Tenant Billing Software Market Size Worth $544.21 Million By 2027

The global tenant billing software market size is expected to reach USD 544.21 million by 2027, registering a CAGR of 8.4% over the forecast period, according to a new report by Grand View Research, Inc. Rapidly growing adoption of automatic tenant metering and smart grid technology is a primary factor propelling the growth of the market. The market growth can be ascribed to growing demand for real-time tenant utility consumption.

Several commercial properties still use manual tenant metering and bill generation as part of their tenant sub metering workflow. However, the manual metering not only makes the process slow but often builds several errors and inconsistencies for owners and occupants. Whereas, automated metering tracks revenue recovery in real-time and drills down to individual occupants. Moreover, it offers improved experience by showing occupant’s real-time transparency into their utility costs.

Rapidly increasing number of retail stores, hotels, business buildings, airports, and industrial sites is also offering promising growth prospects for the market. North America accounted for the largest market share in 2019 on account of rising demand for advanced tenant billing software in the region. Furthermore, enterprises of all sizes are creating a huge demand for cloud-based billing software in North America, thus boosting the market growth in this region.

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https://www.grandviewresearch.com/industry-analysis/tenant-billing-software-market

Further key findings from the study suggest:

  • The tenant billing software market is anticipated to witness substantial growth during the forecast period owing to rising adoption of machine learning and IoT in various residential and commercial areas
  • The cloud deployment segment accounted for the largest market share in 2019 owing to increasing adoption among small, medium, and large enterprises and benefits offered in terms of decreasing disputes with occupants
  • The on-premise deployment segment is expected to witness significant growth over the forecast period owing to the benefits offered including easy integration with the enterprise’s existing IT infrastructure and high level of data security
  • Based on application, the commercial segment is expected to witness the fastest growth over the forecast period owing to increasing number of shopping stores, hotels, and business buildings
  • North America dominated the market in 2019 owing to the extensive adoption of cloud-based tenant billing software by enterprises of all sizes, coupled with growing real estate industry in the region
  • Key players in the market include Delmon Solution; Commercial Water & Energy Co.; Honeywell International Inc.; Entronix Energy Management, Inc.; Enertiv; TEAM (Energy Auditing Agency Ltd.); Accuenergy Ltd; MACH Energy; SystemsLink 2000 Ltd; Semsys; and IOTomation Ecotech Pvt. Ltd. New product or software development remains a key strategy among the leading players in the market

India Large Volume Parenterals Market Worth $121.7 Million By 2025

The India large volume parenterals (LVP) market size is expected to reach USD 121.7 million by 2025 at a 7.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. LVPs offer a faster method for the administration of drugs to patients during surgery or while recovering in the hospital. Rising preference by physicians for single-dose administration of drugs is responsible for the growing demand for LVP. 

C0WDHC Studio shot of One Touch Ultra diabetes glucose meter and vial of test strips.

Parenterally administered drugs gain quick access to systemic circulation with complete drug absorption. These drugs have high bioavailability and reach the site of action faster than drugs administered orally, thus delivering an immediate physiological response in clinical conditions such as shock, asthma, and cardiac arrest. Moreover, parenteral administration is essential for drugs that do not provide therapeutic effect orally or that are broken down by digestive secretions such as hormones (e.g. insulin) and antibiotics.

There is a rise in healthcare expenditure in India where households incur a high monthly per-capita out-of-pocket expense on account of diseases such as cancer, followed by injuries and cardiovascular disorders. In such disease conditions, the patient has to incur the cost of LVP as well as make a repeat purchase over the period of treatment.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/india-large-volume-parenteral-lvp-market

Further key findings from the study suggest:

  • The Indian pharmaceutical industry is growing at a rapid pace and remains one of the largest contributors to the country’s economy. India’s pharma sector is placed third in terms of volume and 14th in terms of value in global rankings
  • By application, the India LVP market is categorized into therapeutic injections, fluid balance injections, and nutritious injections. Of these, nutritious injections dominated the market in terms of revenue in 2017
  • Based on volume, the LVP market is grouped into 100 ml, 250 ml, 500 ml, 1000 ml, and 2000 ml. Of these, the 100 ml injectable segment is expected to exhibit the fastest growth rate in the coming years
  • Based on end use, the market is divided into hospitals & other healthcare facilities and home care. Hospitals & other healthcare facilities held a majority share in 2017
  • Market players and manufacturers have developed a supply chain contract with reputed hospitals, leading to a better hold over the market. Some of these players are Fresenius Kabi AG; Baxter; Otsuka Pharmaceutical Co., Ltd.; and BML Parenteral Drugs.

Sternal Closure Systems Market Size Worth $3.12 Billion By 2026

The global sternal closure systems market size is expected to reach USD 3.12 billion by 2026, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% during the forecast period. The market is driven by growing number of surgeries undertaken to treat complex cardiovascular problems. For instance, according to the data published by American Heart Association (AHA), in 2014, around 520,000 Coronary Artery Bypass Graft (CABG) surgeries performed in the U.S. the report further states that more than 800,000 CABG surgeries are performed worldwide every year.

Furthermore, National Health Interview Survey conducted by CDC in 2016 concluded that 28.1 million people were diagnosed with heart related disorder including, valvular heart disease, cardiac arrest. Moreover, technological advancements such as Talon systems, double sternal wires and favorable reimbursement criteria would propel growth in near future.

Mergers & acquisitions, new product development and geographical expansion are key sustainability strategies adopted by players in the sternal closure systems market. For instance, KLS Martin, in a vain to increase its geographical presence started its sales operations in the U.K., the Netherlands, Italy, France, Australia, Russia, Dubai, Japan, Malaysia and Brazil in last couple of years. The company is also focusing on Asia Pacific to seize the opportunity owing to larger patient pool in the region. In line with the strategy, in June 2016, the company started manufacturing unit in Chennai, India.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sternal-closure-systems-market

Further Key Findings from the Study Suggest:

  • Rising adoption of cardiothoracic surgeries including Coronary Artery Bypass Graft (CABG), Aortic valve surgery, Arrhythmia surgery is anticipated to fuel growth in near future.
  • The closure devices segment held major shares of the global market in 2017, owing to introduction of technologically advanced clips and wires globally and favorable reimbursement regulations offer by developed regions such as North America and Europe.
  • The PEEK segment is anticipated to post significant growth over the coming years due to several benefits offered by the material, including biocompatibility, chemical resistance, end-product purity, high temperature resistance, and thermoformable nature
  • North America dominated the market in 2018. Growth of region can be attributed to presence of a large number of players and high competition rivalry in the market. Moreover, rising adoption of technologically advanced systems coupled with presence of skilled professionals will further boost growth of the region.
  • Asia Pacific is expected to grow at the highest pace during forecast period on the backdrop of increased per capita income, growing need for improved healthcare infrastructure and rising patient pool
  • The market is currently consolidated, with few companies capturing major shares. However, increasing demand for innovative technologies and recent market dynamics are making way for new entrants.

Optogenetic Actuators & Sensors Market Worth $584.73 Million By 2025

The global optogenetics actuators & sensors market size is expected to reach USD 584.73 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a 1.93% CAGR during the forecast period. Extensive research in the field of neuroscience and ophthalmology is expected to boost the market growth in the coming years. Key players are focusing majorly on research activities to study brain functions in various psychiatric and retinal disease states, which is anticipated to drive the sector.

Government organizations are providing funds to academic research institutions and individual researchers for advancements in the field of optogenetics. Moreover, various initiatives undertaken by international organizations such as WHO and NIH are anticipated to boost the market growth. Various projects and initiatives initiated in the field of neuroscience are also promoting growth prospects.

In addition, ongoing investigations to improve signal sizes and responses and target specificity of subcellular membranes such as axon terminals, cell bodies, and dendrites in neuroscience are expected to support the growth of the segment. Rise in incidence of retinal and brain disorders are ultimately increasing demand for optogenetic actuators and sensors.

Furthermore, changing healthcare reforms and public-private collaborations among industrial players, government, and research institutions are expected to drive technological progressions in optogenetics. This, in turn, is anticipated to significantly boost the growth of the optogenetics actuators and sensors market over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/optogenetics-actuators-sensors-market

Further Key Findings From the Report Suggest:

  • Actuators are estimated to account for the largest revenue share owing to their increased usage in investigations related to neuroscience and ophthalmology
  • Sensors are anticipated to grow at the fastest rate in the coming years due to technological advancements in optogenetics
  • Retinal disorders accounted for the largest revenue share owing to higher usage of optogenetic actuators and sensors in disease-oriented studies. Rise in prevalence of various retinal and psychiatric disorders is also anticipated to boost the segment
  • North America dominated the market owing to government support, extensive research, local presence of a substantial number of players, and well-established healthcare framework
  • Asia Pacific is expected to exhibit the fastest growth over the forecast period owing to progressive industrialization and favorable government support
  • Major players include Bruker; Circuit Therapeutics, Inc.; Gensight Biologics; AGTC; Prizmatix; Merck KGaA; Elliot Scientific Ltd; Coherent, Inc.; The Jackson Laboratory; Scientifica (Judges Scientific Plc Company); Addgene; Shanghai Laser & Optics Century Co., Ltd. (SLOC); Noldus Information Technology; Thorlabs, Inc.; and Danaher
  • Companies are collaborating with academic institutions and private and public entities to accelerate developments in optogenetics.

Pregnancy Care Products Market Size Worth $33.22 Million By 2025

The global pregnancy care products market size is expected to reach USD 33.22 million by 2025 at a 5.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness regarding use of personal care products during pregnancy and high adoption of organic products are driving the market.

A shift in trend toward adoption of organic maternity personal care products owing to safety concerns over chemical-based products is changing the scenario of the overall market. Furthermore, new as well as existing players are introducing organic or herbal variants to increase their market presence and product positioning. In addition, rising awareness and increasing influence of advertising and social media campaigns are boosting the adoption of pregnancy care products.

Doctors do not recommend the use of certain chemicals such as salicylic acid, retinol, toluene, and beta hydroxy acids during pregnancy as they pose a threat to both mother and baby. This has impeded the growth of chemical-based pregnancy care products.

Stretchmark minimizers is the largest segment of the global pregnancy care products market owing to rising concern of stretchmarks during gestation period. Breast creams and toning/firming lotions are expected to experience lucrative demand over the forecast period owing to increasing awareness and rising focus regrading post pregnancy body. Asia Pacific emerged as the dominant regional market owing to highest number of pregnancies and rising cognizance regarding adoption of pregnancy care products.

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https://www.grandviewresearch.com/industry-analysis/pregnancy-care-products-market

Further key findings from the report suggest:

  • Stretchmark minimizers emerged as the largest segment owing to their high demand during pregnancy and rising awareness regarding the product
  • Asia Pacific dominated the market in 2017. Higher number of births and rising awareness among expecting mothers have facilitated the dominance of this region
  • Latin America is projected to witness rapid growth during the forecast period owing to rapid adoption of organic variants of pregnancy care products and increased product availability owing to telemarketing and other social media platforms
  • Some of the key players are Mama Mio US Inc.; Noodle & Boo Novena Maternity; Expanscience Laboratories, Inc.; E.T. Browne Drug Co., Inc.; and Clarins Group.

Continuous Passive Motion Devices Market Worth $1.1 Billion By 2026

The global continuous passive motion devices market size is expected to reach USD 1.1 billion by 2026, according to a new report by Grand View Research, Inc. The increasing number of government initiatives along with the increasing number of ageing population are expected to drive the market growth over the forecast period.

CPM is initiated in the recovery room immediately post surgery procedure or during the early postoperative period. The therapy time may range from 1 to 24 hours of treatment per day and is used as an adjunct to physical therapy that may continue for 1 to 6 weeks depending on the degree of rehabilitation required. In February 2016, BTL launched BTL-CP Motion with 13 automatic preset protocols and 50 user defined protocols that improves movement for better therapy outcomes.

Factors such as the rising prevalence of disorders linked with trauma, joint replacement, or ligament reconstruction boost the CPM devices market. Osteoporosis decreases bone density, causing fracture even after a minor trauma incidence. The condition affects around 8.9 million population annually. The growing concern associated with population suffering from poor bone health has resulted in the development of efficient outpatient rehabilitation systems. Moreover, the improvement in reimbursement scenario, and the preference for minimal invasion offered by CPM devices as compared to surgical procedures are expected to boost the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/continuous-passive-motion-devices-market

Further Key Findings From the Report Suggest:

  • Knee joints dominated the type segment in 2018, whereas hip joint is anticipated to witness significant growth over the forecast period.
  • The growth of knee joints CPM devices is attributed to factors such as the increasing number of knee arthroplasty. The rise in road traffic accidents increases the number of orthopedic surgeries performed worldwide. Improvement of care in such cases involves ensuring better quality of post-hospital care, such as through CPM training program.
  • Based on design, the market is segmented into fixed and portable devices wherein fixed devices dominated the market while portable CPM devices is anticipated to grow at the fastest rate owing to the increasing use of devices in home setting.
  • On the basis of demographics, the market is segmented into adults (18 and above) and children (below 18) wherein adult population dominated the segment market owing to increasing number of ageing population with joint disorder.
  • North America dominated the continuous passive motion devices market in 2018 in terms of revenue share owing to the rising government initiative to increase patient access to outpatient rehabilitation.
  • Key industry participants of this market include Furniss Corporation; Surgi-Care, Inc.; Bio-Med Inc.; BTL Corporate; Chattanooga; and Chinesport Rehabilitation

Optical Coherence Tomography Market Worth $1.8 Billion By 2024

The global optical coherence tomography (OCT) market is expected to reach USD 1.8 billion by 2024, according to a new report by Grand View Research, Inc. Increasing incidences of ocular diseases coupled with rising technological advancement in diagnostics is expected to boost the market for OCT based imaging devices. Furthermore, rising applications in cardiology, dermatology, oncology and other diseases is anticipated to support market growth over the forecast period.

Improvement in the design of the devices along with utility of advanced software is expected to enhance the healthcare provider’s ability to accurately diagnose and manage chronic conditions. For instance, Optovue launched AngioVue Retina in June 2016, which is expected to provide ophthalmologist with a smooth integration of the optical coherence tomography angiography technology into the workflow.

Government support towards increased diagnostic rate is another vital impact rendering driver. For instance, the U.S. FDA have launched multiple programs to facilitate routine screening of geriatric patients, which forms a large portion of the target group. Availability of favorable reimbursement, is further expected to increase the diagnostic rate for conditions such as age-related macular degeneration, retinopathy, vitreomacular traction along with various other conditions.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/optical-coherence-tomography-oct-market

Further key findings from the study suggest:

  • The time domain segment spearheaded the optical coherence tomography market in 2015, whereas, spatially encoded domain OCT is expected to witness lucrative growth over the forecast period. This is the most advanced technology and finds application across various domains, thereby actively contributing to the market growth over the forecast period.
  • Ophthalmology forms the largest application segment and is expected to lose market share over the forecast period owing to the introduction of other application and their lucrative growth trend. For instance, application of these devices for dermatology imaging is predicted to be on rise over the next few years. The ability of OCT imaging devices to non-invasively provide 3D images up to 2-3 mm depth with higher resolution than ultrasound is expected to be the driver of this growth.
  • Asia Pacific region is predicted to witness the fastest growth by 2024 and hold over 25.0% of the market share. Presence of growth opportunities in regions such as Korea, China, India, Malaysia and others countries of South Asia are anticipated to be the vital impact rendering drivers. Furthermore, expansion of competitors and establishment of manufacturing units in the region are also anticipated to support growth.
  • Few of the key players include, Carl Zeiss Meditec AG, Topcon Medical Systems Inc., Optovue, Michelson Diagnostics Ltd., Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc.
  • Carl Zeiss is a prominent participant of the OCT industry with product portfolio varying for time domain to spatially encoded frequency domain based devices. Their product Cirrus HD-OCT 5000 launched in 2013, is highly popular among ophthalmic practice.
  • Furthermore, the players are also developing modified components for these devices in order to meet the specific needs of clients. For instance, Thorlabs in August 2016 released, a polarization-dependent isolator and super luminescent diode which can be further customized.

Smart Ticketing Market Size Worth $33.7 Billion By 2026

The global smart ticketing market size is expected to reach USD 33.7 billion by 2026, registering a CAGR of 14.9% from 2019 to 2026, according to a new report by Grand View Research, Inc. Increase in demand for smart ticketing solutions in the travel and tourism industry owing to its ease of use and convenience, and growing reliance on online transactions are expected to drive the market over the forecast period. In addition, upsurge in intelligent transportation systems across the globe is further fueling the market growth.

Smart transit systems allow passengers affordable access to rapid transit systems, also known as metro or subway. These systems store a ticket electronically on a microchip, which is embedded onto a smart card. This allows passengers to load or credit it in advance for their travel, reducing the time spent in queues and speeding up the boarding process. Public transportation authorities across the globe are emphasizing on implementing these systems to reduce traffic in congested city areas and to deliver solutions that are environment-friendly. Numerous public transportation agencies are promoting the use of these solutions as they are easy to use, reliable, and more secure as compared to traditional magnetic stripe cards or tickets. These solutions are also highly durable and have a longer life span than their traditional paper counterparts.

Continuous innovations take place in this field with the view to improving customer experience. For instance, the South Western Rail in U.K. launched Tap2Go, which removes the need for customers to buy a ticket before their journey. Passengers touch their card at the gates and validators at the start and end of their journey. The system then calculates the best fare and the payment is deducted from their account the day after their travel. It is also linked to PayPal to make transactions easier.

These solutions offer high operational efficiency and increased security against fraud, which, in turn, is expected to contribute to the market growth over the forecast period. Moreover, these solutions require low maintenance compared to systems that use magnetic stripe technology. Furthermore, these smart solutions allow quick payment transactions and offer passengers with flexible travel options such as part-time season passes or carnets. This is subsequently expected to drive the demand for these solutions over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-ticketing-market

Further key findings from the study suggest:

  • The software component segment is expected to witness significant growth over the forecast period owing to increased demand for payment gateways and other connected systems such as cards through servers and smartphones
  • An e-ticket offers various advantages such as flexibility, security, and convenience for both transport agencies and travelers, which would encourage them to adopt these solutions
  • Smart card systems enable transport service providers to reduce cash flows and implement flexible tariffs. These systems provide the added benefit of convenience as the fare payment can easily be made at the customer’s point of entry into the transit system; for example, at the subway gate or before boarding a bus. As a result, smart card systems are widely adopted by transport service providers across the globe
  • The sports and entertainment segment is expected to register the highest growth rate over the forecast period. Increase in adoption of verified e-tickets procured from authentic apps on mobile devices helps lessen fraudulent activities and resale of tickets online or outside an event venue at inflated prices
  • The growth of the Europe market is attributed to the thriving tourism industry, continuous innovations of these systems and their adoption in urban areas, and simplified technology ecosystem in the region. In U.K. for instance, the National Rail has incorporated a range of technologies such as platform and ticket validators at their train stations that enable the use of these systems
  • smart ticketing market key players include CPI Card Group Inc.; Cubic Corporation; Confidex Ltd.; Gemalto NV; Giesecke & Devrient GmbH; Infineon Technologies AG; and NXP Semiconductors.

Smart Antenna Market Size Worth $8.95 Billion by 2025

The global smart antenna market size is expected to reach USD 8.95 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Soaring need for upgraded technologies and high-quality communication through wireless devices is triggering the adoption of smart antennas. Smart antenna is used in various applications such as Wi-Fi systems, WiMAX systems, cellular systems, and RADAR systems. Benefits such as error-free communication, customized data paths, easy flow of data, and prevention of co-channel interference are anticipated to propel market.

High manufacturing and maintenance costs are hampering the growth prospects of the market. Strong wireless connectivity in region such as North America has facilitated the widespread adoption of smart antennas. Some of the prominent smart antenna vendors are Airgain Inc.; Broadcom Limited; Intel Corporation; Motorola Solutions, Inc.; Qualcomm Technologies, Inc.; Telstra; and Texas Instruments Inc.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-antenna-market

Further key findings from the study suggest:

  • The global smart antenna market is expected to expand at a CAGR of 8.2% over the forecast period.
  • The MIMO segment is estimated to dominate the market throughout the forecast period, representing more than 55.0% of the overall revenue by 2025. The growth of the segment can be attributed to increasing usage of wireless and smart devices
  • The cellular systems segment is anticipated to lead the market throughout the forecast period, exhibiting a CAGR of 5.6%
  • North America will continue to be the most prominent regional market owing to early adoption of the technology and presence of leading market players
  • Prominent players in the market include Airgain Inc.; Broadcom Limited; Intel Corporation; Motorola Solutions, Inc.; Qualcomm Technologies, Inc.; Telstra; and Texas Instruments Inc.