Veterinary Orthopedics Market Size Worth $752.96 Million by 2026

The global veterinary orthopedics market size is expected to reach USD 752.96 million by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.4% during the forecast period. Growing incidence of pet obesity and arthritis is expected to drive the growth. Moreover, increasing number of veterinary practitioners coupled with rapid technological advancements in veterinary devices are the major factors driving the market. Moreover, high prevalence of pet obesity increases the risk of osteoarthritis, which is expected to propel the market growth in near future.

Moreover, increasing number of veterinary hospitals and surgical procedures are further fueling the veterinary orthopedics market. According to the AAPA report, in U.S. around 20.8 million dogs went through surgery in 2016 and among them 5.8 million had very painful surgeries. The aforementioned reasons are expected to further boost the market growth. For instance, in July 2018, B. Braun Vet Care entered into an agreement with CP Medical to market B. Braun’s veterinary infusion therapy product in U.S. and Canada.

North America held the dominant market share in 2018, due to the favorable insurance policies and new product developments. For instance, In December 2015, Universal Medical Systems, Inc. introduced Computed Tomography (CT) system in partnership with Equine 4DDI which is used for whole-body scans of moving and standing horses.

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https://www.grandviewresearch.com/industry-analysis/veterinary-orthopedics-market

Further key findings from the report suggest:

Increasing prevalence of osteoarthritis is anticipated to create growth opportunities in the veterinary orthopedics market
Implants segment is projected to hold the largest market share over the forecast period, owing to its increased demand
Plate segment is expected to exhibit lucrative growth, owing to multipurpose use of the product during surgeries
The others segment which includes TPLO and TTA implants, held the largest revenue share in 2018. These surgical procedures have proved to be effective, where other alternative methods have failed
Asia Pacific is anticipated to witness lucrative growth due to rising pet adoption coupled with growing economy, especially in Japan and India
Some of the key companies are Veterinary orthopedic implants; B. Braun Vet Care GmbH; KYON Pharma Inc.; and Surgical holdings, among others

U.S. Paints & Coatings Market Size Worth $32.0 Billion By 2027

The U.S. paints and coatings market size is anticipated to reach USD 32.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2020 to 2027. The growth of the market is attributed to a rise in the construction activities and increasing demand for paints and coatings from durable goods, motor vehicles, and industrial maintenance applications in the country.

Rising construction spending and several national policies to promote the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities, coupled with infrastructure development in the country, as a result of rapid industrialization are expected to provide immense market potential in the U.S. over the forecast period.

However, the spread of the coronavirus pandemic has drastically impacted the growth of the building and construction sector in the country and has led to a decrease in the infrastructural development activities in 2020 as the major companies have either held their capital investment and their ongoing and planned construction projects or have canceled their projects, such as Google’s planned Mission Bay project. This has led to a decrease in the demand for paints and coatings for architectural and decorative applications.

On the basis of product, the market is segmented into high solids/radiation curing, powder coatings, waterborne coatings, solvent-borne coatings, and others (specialty coatings). High solids and radiation curing coatings relatively account for a small portion of the U.S. market. However, the adoption of these coatings is rising in various applications, such as marine, aerospace, paper, and paperboard, and construction, owing to their rapid curing and excellent physical properties. This is expected to fuel the growth of the segment in the coming years.

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https://www.grandviewresearch.com/industry-analysis/us-paints-coatings-market

Further key findings from the report suggest:

On the basis of product, the waterborne segment held the largest share of over 46.0% in 2019
By material, the acrylic segment accounted for more than 42.0% share of the overall revenue in 2019. This is attributed to its high demand from infrastructure, automotive, paints and varnishes, and paints and metal coating applications
Based on the application, the architectural and decorative segment accounted for over 57.0% share of the overall revenue in 2019.

Medical Protective Clothing Market Size Worth $661.0 Million By 2027

The global medical protective clothing market size is expected to reach USD 661.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2020 to 2027. Increasing demand for medical protective clothing to ensure employees’ safety during the ongoing COVID-19 pandemic is expected to boost market growth.

Stringent government regulations pertaining to employee safety are forcing employers to comply with the industry standards, thereby augmenting the product demand. Furthermore, shifting customer preference towards better performing, comfortable, and stylish clothing is driving the companies to invest significantly in research & development activities.

Increasing number of COVID-19 cases in the economies, including Italy, China, and U.S., coupled with insufficient supply of protective kits, is likely to drive product demand. Implementation of the Defense Production Act (DPA) by U.S. has resulted in other apparel manufacturers focusing on the production of protective clothing, thereby complementing growth.

Fashion conglomerates, luxury labels, and designers are engaged in the production of protective clothing for providing protection to the personnel exposed to the COVID-19 virus. In addition, various small-scale companies are involved in providing alternative solutions, such as disposable or reusable laboratory coats and aprons with long sleeves and snaps or buttons for fastening.

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https://www.grandviewresearch.com/industry-analysis/medical-protective-clothing-market

Further key findings from the report suggest:

In U.S., the home healthcare segment is estimated to reach USD 39.4 million by 2027 on account of increasing demand for an inexpensive and effective alternative to hospitalization by the elderly population
In Europe, coveralls are expected to expand at a CAGR of 6.3% from 2020 to 2027 in terms of revenue owing to stringent regulations in the region pertaining to the health and safety of the healthcare professionals
In India, gowns accounted for 39.9% share of the overall revenue in 2019 owing to their ability to minimize the risk of disease transmission by the healthcare professionals, coupled with the low-level of stress/heat generated by the garment
North America accounted for 28.7% share of the global revenue in 2019 on account of increasing investments in the healthcare industry, along with rising prevalence of chronic diseases in the region
Key manufactures such as Kimberly-Clark Worldwide, Inc., 3M, Honeywell, and Ansell are focused on supplying protective clothing to the healthcare professionals (HCPs) in response to the COVID-19 pandemic.

Beverage Carton Packaging Machinery Market Worth $1.5 Billion By 2027

The global beverage carton packaging machinery market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising awareness pertaining to the adverse environmental effects of plastic waste is expected to drive the demand for green packaging materials, in turn, benefitting market growth.

Increasing demand for drinks coupled with growing investment by beverage manufacturers for durable and sustainable secondary packaging is expected to drive the market over the forecast period. In addition, the demand for customized machines with high-tech and reliable machine components is likely to have a positive impact on the market.

Changing consumer lifestyles coupled with growing disposable incomes and increasing demand for a wide range of drinks are expected to positively impact the market. In addition, companies manufacturing drinks are focusing on innovation, which is expected to increase the number of drink options available in the market.

Rising demand for craft drinks as well as CBD-infused drinks is expected to have a positive impact on market growth. In addition, increasing consumer-driven demand for super-premium and premium distilled spirits is further anticipated to drive the growth of the drink industry, thereby driving the market over the forecast period.

Growing focus on automation to reduce the operating and labor costs, and maximize the uptime, is expected to drive the market. However, semi-automatic machines are also likely to generate a sizeable demand, most notably from microbreweries owing to less costly nature compared to the automatic versions.

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https://www.grandviewresearch.com/industry-analysis/beverage-carton-packaging-machinery-market

Further key findings from the report suggest:

The horizontal end side-load cartoner type segment is likely to have the highest CAGR of 5.2% over the forecast period owing to its suitability for bulk product handling coupled with its ability to attain high speeds
The automatic mode of operation segment is anticipated to have the highest CAGR over the forecast period owing to the increasing investments in automation, coupled with a growing focus on reducing operating and labor costs
The non-alcoholic application segment is anticipated to witness a CAGR of 4.8% from 2020 to 2027 owing to the growing demand for bottled water as well as sports and functional drinks
In Asia Pacific, the market is estimated to witness a CAGR of 5.8% from 2020 to 2027 on account of rapid expansion of the drink industry coupled with the increasing purchasing power of the consumers in the region
Large manufacturing companies are increasingly demanding customized packaging solutions, including beverage carton packaging machinery that caters to their specific requirements.

Coiled Tubing Manufacturing Market Size Worth $1.5 Billion By 2027

The global coiled tubing manufacturing market size is estimated to reach USD 1.5 billion by 2027 registering a CAGR of 2.9%, according to a new report by Grand View Research, Inc. Increasing popularity of shale reserves in the production of crude oil is projected to augment market growth over the forecast period. The global oil & gas industry remains volatile with high fluctuations in crude oil prices. Reduced crude oil prices coupled with depressed upstream investments in the current scenario are projected to impact the profitability of the market vendors.

This associated sluggishness can be attributed to the falling oil demand from key importers, such as India and China. The global crude prices have fallen almost 66% from their highs in January 2020. This has affected the level of activities in the upstream and midstream sectors of the industry. However, the expansion of the downstream and midstream activities estimated in the forecast period is projected to drive the market.

On the upstream side, low oil prices have had negative implications for oil-exporting countries. Key countries, such as the U.S., Saudi Arabia, and Russia, have already announced plans to reduce production in the wake of reducing crude oil prices. The market uncertainty has led to several cost-cutting measures and shutting down of projects. All these factors are projected to hinder the market growth over the forecast period.

The market participants are under severe distress as the downstream demand for the product is in a free fall. The depressed economic activities in the upstream side of the oil & gas industry are projected to cause severe damage to the revenues of oil & gas operators. This, in turn, is already influencing the procurement processes of many multinational oil & gas companies.

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https://www.grandviewresearch.com/industry-analysis/coiled-tubing-manufacturing-market

Further key findings from the report suggest:

Well intervention is projected to witness the fastest CAGR of 2.3%, in terms of volume, from 2020 to 2027
Higher usage of Coiled Tubing (CT) in stimulation and well cleaning operations across the European region is likely to aid the growth of the well intervention segment
Drilling is projected to remain the dominant service segment over the forecast period, in terms of volume as well as revenue
The usage of coiled tubing in the onshore applications is estimated to observe the fastest growth rate. The onshore application segment is also anticipated to capture the largest revenue share by 2027
The offshore application segment is projected to observe a slower growth in the coming years as offshore CT is expensive owing to the detailed specifications and unique properties required on site
Led by the U.S., North America is projected to be the dominant regional market over the forecast period

High Purity Base Metals Market Size Worth $398.04 Billion By 2027

The global high purity base metals market size is expected to reach USD 398.04 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.6% from 2020 to 2027. Increasing efforts by companies to deliver high-performance products and solutions are anticipated to boost the demand for high purity base metals over the forecast period.

Purity levels of base metals are available in different grades, such as 99.99%. In order to achieve this level of purity, metals have to undergo several processing steps. For instance, high purity aluminum is achieved through three-layer electrolysis or combining fractional distillation and three-layer electrolysis. In the electrolysis, aluminum ions are reduced in an electrolytic cell that contains three separate liquid layers. In the distillation, aluminum is refined by taking leverage of solubility differences.

Aluminum accounted for the largest volume share in the global high purity base metal market in 2019. It is the most inexpensive base metal and it finds applications in various end-use industries, automotive being the major industry. Lightweight and low cost are the major factors driving the demand for the product. High purity aluminum is popular in the electronics segment where it finds application in television, computer, and other display materials.

Lead is another vital product segment of the market. Advancements in the technologies have enabled to achieve high levels of purity in lead. Pure lead is alloyed with other elements for various commercial applications, such as extruded products like rods, wire, traps, ribbon, and pipes. It is also used in rolled products, such as thin foils, which are further used in crucial applications, including corrosion-resistant equipment for the chemical industry, waterproof membranes, roofing, and x-ray and gamma-ray shielding.

The ongoing COVID-19 pandemic has majorly affected the production and supply of these high purity base metals, causing their prices to decline. For instance, copper, lead, and zinc prices declined by -22%, -10%, and -19%, respectively in March 2020 from the previous month, owing to the emergence of the coronavirus. The shutdown of mines and manufacturing plants is affecting the prices.

North America is anticipated to be one of the fastest-growing regional markets in the forecast period. The region is impacted by COVID-19, which has led to a negative growth rate of the market in 2020; however, the situation is expected to stabilize in the next couple of years. Infrastructural developments and increasing production of electric vehicles are expected to boost the consumption of high purity base metals over the forecast period. For instance, the construction spending in the U.S. for the first seven months of 2020 was increased by 8.1% from the same period in the previous year. This is a positive sign for the market growth in the country.

The competitive rivalry is high in the market owing to the presence of numerous established players. The market players are engaged in mergers & acquisitions and capacity expansions for gaining a competitive edge in the market. For instance, in May 2020, Aurubis AG, a leading copper recycler, completed the acquisition of Metallo, which is its second acquisition in Belgium.

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https://www.grandviewresearch.com/industry-analysis/high-purity-base-metals-market

Further key findings from the report suggest:

Asia Pacific held the largest volume share of more than 71.0% in 2019 owing to China, which is the major consumer of refined copper and lead in the world
The transportation end-use segment held the largest revenue share in 2019 on account of the rising production of electric vehicles, which will boost the demand for copper in the coming years
By product, the copper segment is expected to register the fastest growth rate of 3.1% in terms of volume from 2020 to 2027 on account of its rising demand in the construction, automotive, and electronics industries
The building and construction end-use segment is expected to witness the fastest growth in terms of revenue over the forecast period on account of rising infrastructural developments across the globe
Market growth declined in 2020 owing to sluggish demand from the end-use industries caused by the shutdown in manufacturing operations, which resulted in surplus product availability, and thus a decline in prices

Polyethylene Furanoate Films Market Worth $800.9 Thousand By 2035

The global polyethylene furanoate films market size is anticipated to reach USD 800.9 thousand by 2035, according to a new report by Grand View Research, Inc., growing at a CAGR of 9.7% over the forecast period. The development of bio-based transparent conductive film comprised of silver nanowires for flexible optoelectronic devices is one of the key trends driving the demand for Polyethylene Furanoate (PEF) films. PEF films are better than PET films, in terms of performance, as they offer two to three times higher water vapor barrier, ten times higher oxygen barrier, and improved mechanical strength.

The use of PEF films in food packaging extends the shelf life of moisture-sensitive foods, such as crisps, cookies, cereals, medical, and personal care products, and oxygen-sensitive foods, such as dairy products, fish, and meat, as well as provides a good barrier of aroma for detergents, fish, and packaged cheese. The extended shelf life of these products also lessens the burden on the cold chain industry. The biggest challenge faced by PEF film as a product is the lack of large-scale commercialization of the product. As the product is in the introduction phase and has a single pilot plant established, the requirement of infrastructure and operations is high considering the huge target market to be captured.

This requires major funding and a possible partnership with packaging companies in the domestic markets as well as collaboration with domestic companies for the business development aspect, as done in Japan. Countries, such as Japan and India, recycle more than 80% of the plastics and buy PET at a relatively lower price, which does not make bioplastics a preferential option. This can be overcome if there are subsidiaries in place in respective countries that incentivize the use of bioplastics.

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https://www.grandviewresearch.com/industry-analysis/polyethylene-furanoate-films-market

Further key findings from the report suggest:

The market was valued at USD 197.5 thousand in 2019 and is estimated to grow at a CAGR of 9.7% from 2020 to 2035
The packaging was the largest application segment in 2019. Biaxially Oriented Polyethylene Furanoate (BOPEF) films-based pouches offer 10 times higher oxygen barrier compared to BOPET pouches, which makes them suitable for liquid and dry products
Industrial application is estimated to emerge as the fastest-growing segment from 2020 to 2035 owing to increasing demand for PEF films in electronics application such as protective films for LED and OLED displays
Asia Pacific accounted for the highest market share of more than 45% in 2019 and will expand further at a steady CAGR from 2020 to 2035
This growth is attributed to the rising demand for sustainable, bio-based, and recyclable packaging and construction materials in the region

Barite Market Size Worth $2.08 Billion By 2027

The global barite market size is expected to reach USD 2.08 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2020 to 2027. The market is expected to be driven by rising demand for oil & gas drilling applications. The COVID-19 pandemic is likely to restrict the industry growth in 2020 as oil & gas production is expected to fall drastically in 2020.

Barite is mainly used as a weighting agent in drilling operations owing to its properties, like low abrasiveness, non-corrosive nature, and high specific gravity. The amount of barite used for offshore drilling is greater than that of onshore drilling. The recent trend indicates that oil & gas producers are focused on sustaining oil production as onshore oil resources are being depleted at a significant rate. As a result, oil & gas players are increasingly seeking alternate sources, such as offshore oil resources. This is predicted to benefit market growth.

In the chemical industry, various chemical derivatives of barite, such as carbonates, sulfates, and hydroxides, are significantly used for industrial applications. For instance, barium hydroxide is used in the manufacturing of barium salts of organic acids, which are further used as stabilizers for PVC and additives for lubricating oils.

Barite is also used as a filler in the paint and plastic industries. Furthermore, the product is used in glass manufacturing to enhance the brilliance of glass products by removing impurities. High economic growth in the Asia Pacific driven by rapid industrialization is expected to fuel the growth of the chemicals, plastics, and paints and coatings industries, which, in turn, is expected to boost market growth.

The Asia Pacific was the largest producer of barite in 2019 while North America was the largest consumer. The U.S. has significantly ramped up its oil production since the past decade owing to the discovery of tight oil. This has proved rewarding for barite producers. The product consumption has witnessed a sharp boost since 2016 and is expected to witness moderate growth until 2027, following the recovery of the COVID-19 pandemic.

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https://www.grandviewresearch.com/industry-analysis/barite-market

Further key findings from the report suggest:

The oil & gas application segment dominated the market with a revenue share of 77.1% in 2019 owing to extensive utilization of barite as a weighting agent, particularly for offshore drilling
The fillers application segment is expected to expand at the fastest CAGR of 4.3%, in terms of revenue, from 2020 to 2027 owing to increasing plastics and paints manufacturing, particularly in the Asia Pacific
North America dominated the market with a revenue share of 39.6% in 2019 owing to the high production of tight oil in the region
Asia Pacific is expected to expand at the fastest CAGR in terms of volume and revenue from 2020 to 2027 owing to increasing investments in exploration and production of oil, particularly in China
Capacity expansion is a key strategy adopted by the market players

Surgical Blades Market Worth $181.20 Million By 2026

The global surgical blade market size is anticipated to reach USD 181.2 million by 2026, as per a new report by Grand View Research, Inc., exhibiting a CAGR of 3.6% over the forecast period. Increase in surgeries due to increase in number of accidents, coupled with a growing geriatric population prone to various disorders, is currently driving the market. Moreover, increase in number of surgeons at a global scale is also propelling the demand for surgical blades.

Several key players are investing in R&D to launch new and innovative products. Increase in individual disposable income & standard of living, and growth in awareness regarding modern surgical procedures are other factors increasing the number of medical procedures. Increase in trauma cases and other disorders, such as cancer, which require surgery, is further augmenting demand for surgical blades. Furthermore, availability of these blades in various shapes and sizes for surgical intervention in multiple illnesses is driving the overall market.

With a wide range of procedures in healthcare, more patients are willing to undergo new treatments due to improving affordability and feasibility. Stainless steel blades are increasingly preferred due to features such as cleaner incisions, superior cutting, and numbering of scalpel handles. Being low-risk medical tools, these products do not need strict regulatory processes, which encourages and eases product launches.

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https://www.grandviewresearch.com/industry-analysis/surgical-blades-market

Further key findings from the report suggest:

Surgical blades come in a variety of forms, enabling surgeons and medical staff to choose the right blade for a medical procedure
By product, stainless steel blades are expected to lead market over the forecast period, due to better anti-corrosion properties. They are more suitable for procedures involving large volumes of saline solution and multiple incisions
By material, sterile blades are expected to dominate the market since they can provide a sharp cutting edge for high efficiency, enabling cleaner incisions and superior cutting
By end use, hospitals segment accounted for a share of over 40.0% and is expected to grow at a CAGR of 3.7% over the forecast period
Some key players of surgical blades market are Swann-Morton Limited; PL Medical Co.; Hill-Rom, LLC; Beaver-Visitec International; VOGT Medical; Hu-Friedy Mfg. Co., LLC; B. Braun Melsungen AG; and Surgical Specialties Corporation.

Psoriatic Arthritis Treatment Market Size Worth $18.6 Billion By 2026

The global psoriatic arthritis treatment market size is expected to reach over USD 18.6 billion by 2026, according to a new study by Grand View Research Inc. It is projected to expand at a CAGR of 10.1% during the forecast period. Emergence of biosimilars, new product launches, and a rising consumer awareness are some of the key factors driving the growth.

Biologics generated the highest revenue among other drug classes, in 2018. The segment growth is driven by the demand for targeted therapy, improved safety & efficacy profiles, anticipated launches of several promising pipeline candidates, and strong commercial performances of existing products. DMARDs is also expected to maintain a steady growth rate, supported by the first-line action of corticosteroids as well as the impending launch of JAK-inhibitors and TYK2 kinase inhibitors.

North America captured the highest market share in 2018, propelled by high healthcare expenditure, disease prevalence, regional presence of key manufacturers, and rapid rise in consumer awareness. Asia Pacific is expected to demonstrate the fastest regional growth over the forecast period, driven by a rising trend of biosimilars, improvement in healthcare infrastructure, and increasing disposable income.

Some key players in the psoriatic arthritis (PsA) treatment market include AbbVie Inc.; Amgen Inc.; Johnson & Johnson Services, Inc.; AstraZeneca plc; Bausch Health Companies Inc.; Bristol-Myers Squibb Company; Celgene Corporation; Novartis International AG; Eli Lilly and Company; Pfizer, Inc.; and UCB S.A.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/psoriatic-arthritis-psa-treatment-market

Further key findings from the study suggest:

Biologics captured over 50% share of the psoriatic arthritis treatment market in 2018. The segment is anticipated to witness growth, attributed to the launch of infliximab, guselkumab, bimekizumab, risankizumab, and tildrakizumab
Upadacitinib, filgotinib, and BMS-986165 —upon launch — are likely to have a positive impact on the growth rate of DMARDs
Injectables accounted for the largest PsA treatment market share among other routes of administration in 2018
North America and Europe, collectively, captured more than half the revenue share in 2018 and are anticipated to witness significant growth in the forthcoming years