Thursday 9 November 2017

Contactless payments market expected to reach USD 2.23 trillion (transaction value) by 2025 : Grand View Research,Inc.

The global contactless payments market is expected to reach USD 2.23 trillion (transaction value) by 2025, according to a new report by Grand View Research, Inc. The contactless payments industry is expected to witness lucrative growth over the forecast period owing to innovations in technologies such as IoT, which acts as a major market driver.
Benefits such as reduction in transaction time and improved service delivery offered by contactless payments have resulted in a significant rise in the number of users. Some of the key features of contactless systems include easy installation and cost effectiveness. The rising trend of making payments through QR codes and mobile phones is expected to drive the market demand. Individuals largely prefer using contactless payment as it eliminates the need to carry cash.
North America is expected to emerge as one of the key regional markets over the forecast period. The growth is mainly attributed to the increasing deployment of cloud-based contactless payment technologies in various verticals such as transportation. Europe is expected to be another major region for contactless payments owing to the growing number of smart card rollouts. Countries in the Asia Pacific region, such as Australia, Taiwan, and Japan, have witnessed a higher penetration rate of contactless payments compared to other countries.
The contactless payments market can be segmented on the basis of devices into smartphones and wearables, point of sale terminals, and smart cards. The market can also be segmented on the basis of solutions into payment terminal solution, transaction management, security and fraud management, hosted point of sale, and analytics.
Further key findings from the report suggest:
·         Contactless payments are widely used in several sectors such as retail, transportation, healthcare, and hospitality. Smartphones and wearables emerged as the largest device segment in 2016. It is estimated to register a CAGR of 34.0% over the forecast period.
·         The transportation segment is estimated to grow at a CAGR of 37.1% over the forecast period.
·         The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 35.5 % from 2017 to 2025.
·         The payment terminal solution segment is expected to witness the largest growth over the forecast period as these solutions can connect the customers directly to service providers of contactless payments.
·         Key participants in the contactless payments industry include Gemalto, Visa Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Verifone, Ingenico Group SA, On Track Innovations Ltd., Oberthur Technologies (OT) Morpho, Thales Group, and Wirecard AG. In March 2017, Wirecard AG acquired MyGate Communication, a payment service provider in Africa.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the contactless payments market based on devices, solutions, application, and regions:
Device Outlook (Revenue, USD Billion; 2014 - 2025)
·         Smartphones and wearables
·         Point-of-sale terminals
·         Smart cards
Solution Outlook (Revenue, USD Billion; 2014 - 2025)
·         Payment terminal solution
·         Transaction management
·         Security and fraud management
·         Hosted point-of-sale
·         Analytics
Application Outlook (Revenue, USD Billion; 2014 - 2025)
·         Retail
·         Transportation
·         Healthcare
·         Hospitality
·         Government
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
·         North America
o    U.S.
o    Canada
o    Mexico
·         Europe
o    Germany
o    UK
o    France
·         Asia Pacific
o    China
o    Japan
o    Australia
·         South America
o    Brazil
·         MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-contactless-payments-market

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com



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Cleanroom technology market expected to reach USD 4.86 billion by 2025 : Grand View Research,Inc.

The global cleanroom technology market is expected to reach USD 4.86 billion by 2025, according to a new report by Grand View Research, Inc. Stringent regulatory standards for product approvals, technological advancements in cleanrooms, initiatives taken by private organizations to create awareness regarding cleanroom, and growth of healthcare sector globally are among few factors expected to drive the market. 
Compliance with the standards for product approvals is very important, as a result manufacturing companies in various industries are dependent on cleanroom technology. The regulatory standards or current good manufacturing practices for pharmaceutical products are more stringent as compared to other industries as these products have a direct impact on public health. This is expected to positively impact the market growth by boosting the usage in various industries.
Various initiatives undertaken to create awareness, such as online magazines dedicated to specifying trends in cleanroom technology, and presence of cleanroom company directories are expected to propel the market growth. Cleanroom Academy GmbH, founded in 2008, is one such organization dedicated to help manufacturing companies optimize work processes and offers training courses pertaining to this technology. To serve this purpose, the company arranges a number of seminars, training sessions, and coaching.
Rapid growth of the healthcare industry is impelling demand for this technology. Increase in healthcare expenditure, reimbursement policies for treatment of diseases in various economies, burden of noncommunicable diseases, R&D initiatives by academic & commercial players, as well as improvement in the healthcare infrastructure and rise in geriatric population are some of the major factors driving the healthcare industry, which in turn is expected to increase usage rates in production facilities.
Browse full report by Grand View Research :
Further Key Findings From the Report Suggest: 
·         The global cleanroom technology market size was estimated at USD 3,097.8 millionin 2016 and is expected to grow at a CAGR of 5.1% from 2017 to 2025
·         Consumables emerged as the largest product type segment and the equipment segment is anticipated to witness fastest growth over the next 8 years
·         Pharmaceutical industry accounted for the largest revenue share of around 48.7% in 2016 due to several factors such as presence of stringent regulations in the U.S. regarding approval of imported products from emerging countries
·         Asia Pacific region is anticipated to witness lucrative growth over the next decade due to emergence of healthcare sector in the developing countries, increased production of generics, and economic development
·         The market is highly fragmented in nature with participants such as Clean Air Products; M+W Group; KCWW; DuPont; Abtech; Integrated Clean Room Technologies Pvt Ltd; Clean Room Depot, Inc.; Terra Universal; Labconco
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented cleanroom technology market on the basis of product type, end use, and region:
Product Type Outlook (Revenue, USD Million, 2014 - 2025)
·         Equipment
o    Heating Ventilation and Air Conditioning System (HVAC)
o    Cleanroom air filters
o    Air shower and diffuser
o    Laminar air flow unit
o    Others
·         Consumables
o    Gloves
o    Wipes
o    Disinfectants
o    Apparels
o    Cleaning products
End-use Outlook (Revenue, USD Million, 2014 - 2025)
·         Pharmaceutical industry
·         Medical device industry
·         Biotechnology industry
·         Hospitals and diagnostic centers
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·         North America
o    U.S.
o    Canada
·         Europe
o    Germany
o    UK
·         Asia Pacific
o    China
o    Japan
·         Latin America
o    Brazil
o    Mexico
·         Middle East & Africa
o    South Africa
View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cleanroom-technology-market

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


For More Information: www.grandviewresearch.com
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Monday 6 November 2017

Anisole market Projected to reach USD 54.9 million by 2022 : Grand View Research,Inc.

Global anisole market is expected to reach USD 54.9 million by 2022, according to a new study by Grand View Research, Inc. Rapid industrialization coupled with growing use of these intermediate chemicals for production of various other products such as building polycarbonates, and detergents is expected to promote capacity expansion over the next seven years.
Various factors including rising disposable income coupled with increasing spending on personal care products including perfumes is expected to drive product’s need over the forecast period.
High need from various applications including perfumes on account of its pleasant aromatic odor and pharmaceutical sector owing to its tremendous use as an intermediate chemical will be favorable for global industry expansion.
Rising need for consumer products such as fragrances and flavors on account of changing consumer habits along with better living standards is expected to augment the product demand in emerging economies including India, China, and Brazil. However, raw material availability will challenge growth over the next seven years.
Browse full report by Grand View Research : http://www.grandviewresearch.com/industry-analysis/anisole-market
Further key findings from the study suggest:
·         Perfumes dominated the industry with revenue estimated over USD 19.0 million in 2014. Rising disposable income coupled with increasing penetration of players such as P&G and Reckitt Benckiser through new product launches in China and India is expected to promote cosmetics sector. This in turn will have a positive impact on the market over the forecast period. Furthermore, rapid urbanization, higher spending power and growing awareness regarding appearance and grooming in emerging economies is expected to propel perfume sector in the region thereby fuelling growth.
·         Pharmaceuticals were the second largest segment and valued over USD 14.0 million in 2014. Prevalence of various companies including Johnson & Johnson, Pfizer and Merck & Co. along with high R&D expenditure in the U.S. and Mexico will propel product expansion.
·         Europe was the largest market, estimated over USD 13.0 million in 2014. Growing personal care products sector in Germany, Italy, France and UK is expected to have a positive impact over the forecast period. Introduction of new gender-specific products and technological developments is expected to drive need for personal care products. This in turn will augment demand over the next seven years.
·         Asia Pacific is expected to witness fastest growth at a CAGR of 4.9% from 2015 to 2022. Growing popularity of various brands including Christian Dior, Chanel and Elizabeth Arden in developing countries is expected to augment demand over the next seven years. In addition, increasing need for men perfumes particularly in India and China is expected to propel industry over the forecast period.
·         Global industry is fragmented on account of presence of numerous companies. These invest highly in R&D to introduce innovative products and employ various strategies including M&A and joint ventures to expand their presence. In March 2011, Camlin Fine Chemicals Ltd. signed an acquisition agreement for Borregaard Italy’s anisole facility.
Browse more reports of this category by Grand View Research:   http://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the global anisole market on the basis of application and region:
Anisole Application Outlook (Revenue, USD Million, 2012 - 2022)
·         Perfumes
·         Pharmaceutical
·         Others
Anisole Regional Outlook (USD Million, 2012 - 2022)
·         North America
o    U.S.
·         Europe
o    Italy
o    France
·         Asia Pacific
o    China
o    Japan
·         Latin America
o    Brazil
  • MEA
Access press release by Grand View Research:
http://www.grandviewresearch.com/press-release/global-anisole-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com



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IVD quality control market expected to reach over USD 1.13 billion by 2024 : Grand View Research, Inc.

The global IVD quality control market is expected to reach over USD 1.13 billion by 2024 according to a new report by Grand View Research, Inc.
The continually evolving technology-oriented changes in the diagnostics field and the growing requirement to ensure patient safety necessitate the implementation of quality assurance programs in various medical disciplines including radiology and point-of-care devices.
The patients rely on self-testing IVD devices for long-term disease management and hence it is important for such IVD devices to be checked for quality in terms of result reproducibility and validity in order to guarantee patient safety. The rising number of certified clinical laboratories offering dependable IVD-based diagnostic services directly correlates with increased patient confidence, thus driving the quality control market.
In addition to quality assessments, amendments to the regulatory framework are made intermittently to enhance the present quality standards with the main objective of safeguarding qualitative superiority of the diagnostic services rendered to patients.
In May 2016, the European Union passed an agreement to update the pre-existing regulations pertaining to IVD devices wherein the updates were in concern with raising the patient safety levels, particularly for disabled persons. Furthermore, the presence of third party quality control agencies for independent assessment of the IVD devices is expected to elevate the current safety standards, which is expected to further propel the market growth.
Browse full report by Grand View Research :
Further key findings from the study suggest:
·         In 2015, the clinical chemistry segment dominated the IVD quality control market with a share of over 35%. The increasing demand for preventive medicine and the rapid transformation of clinical laboratories into highly automated and efficient businesses are some of the factors for its large market share.
·         The molecular diagnostics is one of the fastest growing segments during the forecast period owing to the increasing technical complexity of molecular diagnostic testing coupled with the constant need for quality evaluation to ensure standards. The molecular diagnostics tests are of prime importance as the test outcomes enable healthcare practitioners make critical treatment decisions.
·         The hospital segment held the largest share in 2015 due to the presence of highly advanced technology-based devices, such as Next Generation Sequencing (NGS), mass spectrophotometry, and microarrays, and the rising applications of the optimized quality-control procedures
·         The North America contributed over 43% of the market share in 2015 attributable to the presence of over 150,000 registered diagnostics laboratories. The clinical laboratories are required to provide accurate results and maintain the accuracy standards in order to retain their license to operate.
·         Many pharmaceutical companies are implementing the new draft guidance enforced by the U.S. FDA for data integrity on current Good Manufacturing Practices (cGMP).It provides information in relation to establishing robust operating procedures and strong quality management systems, obtaining high-quality raw materials, investigating quality deviations, and maintaining reliable diagnostic laboratories

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the IVD quality control market on the basis of application, type, end-use, and region:
IVD Quality Control Market Application Outlook, by Revenue (USD Million, 2013 - 2024)
·         Clinical Chemistry
·         Immunochemistry
·         Hematology
·         Molecular Diagnostics
·         Coagulation
·         Microbiology
·         Others
IVD Quality Control Market Type Outlook, by Revenue (USD Million), 2013 - 2024
·         Quality Controls
o    Plasma-based Controls
o    Serum-based Controls
o    Whole Blood-based Controls
o    Other IVD Quality Controls
·         Data Management
·         Quality Assurance Services
IVD Quality Control Market End-use Outlook, by Revenue (USD Million), 2013 - 2024
·         Home-care
·         Laboratory
·         Hospitals
·         Others
IVD Quality Control Market Regional Outlook, by Revenue (USD Million), 2013 - 2024
·         North America
o    U.S.
o    Canada
·         Europe
o    Germany
o    UK
·         Asia Pacific
o    Japan
o    China
·         Latin America
o    Brazil
·         MEA
o    South Africa

Access press release by Grand View Research:
http://www.grandviewresearch.com/press-release/global-in-vitro-diagnostics-ivd-quality-
control-marketAbout Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com
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