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Plasticizers Category Overview
The plasticizers category is anticipated to grow at a CAGR of 5.5% from 2023 to 2030. A plasticizer is a compound or material that is added to a polymer solution in order to enhance its flexibility and plasticity. In the plastics industry, plasticizers are among the most frequently utilized additives. The most common polymer to employ plasticizers is Polyvinyl Chloride (PVC), which is the third largest by volume after Polypropylene (PP) and Polyethylene (PE). Numerous chemical families fall under the category of plasticizers based on the classification of chemical composition. However, the most prevalent ones are - Trimellitate ester plasticizers (like TINTM, TIDTM, and TEHTM), Phthalate ester plasticizers (like DIDP, DINP, and DEHP), Energetic plasticizers (like BDNPA, BTTN, and DNT), Benzoate plasticizers (like benzoate esters), Adipate plasticizers (like DIDA and DEHA), Bio-based plasticizers (vegetable oil plasticizers), and Citrates plasticizers (like TOC, ATBC, and ATOC).
Order your copy of the Plasticizers Procurement Intelligence Report, 2023 - 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
The growing demand for plasticizers from manufacturing and films & sheet industry, the robust growth in PVC demand, the increasing focus on sustainability, and the booming automotive industry are some of the major factors driving the category growth. The growing use of the product in electrical applications such as jacketing & insulation and medical applications such as blood bags and IV tubing owing to the emergence of new diseases are further aiding category expansion. An area of recent interest for researchers is the use of reactive plasticizers.
The polymers and in turn the plasticizers industry is highly fragmented. The nature of the polymer industry is such that it comprises a diverse range of specifications and end-user markets, leading to market fragmentation. It is even more complex in the recycled plastics industry. At the regional level, the plastics and polymers industry are primarily characterized by the presence of numerous small and micro-level players who dominate the market. All such factors increase the bargaining power of buyers.
Many large companies/suppliers are now prioritizing the production of this substance using renewable technologies due to the increasing focus on sustainability. For instance, BASF’s plasticizer portfolio includes the use of renewable feedstocks, which can reduce carbon footprint by 60%. Other examples include:
In September 2023, LANXESS took a significant step towards sustainability by introducing a new, eco-friendly plasticizer to replace its “Mesamoll” plasticizers. The eco-friendly product will be made using 30% raw materials sourced from sustainable sources. This move aims to reduce the carbon footprint of the product by 20%.
Similarly, in May 2021, Evonik introduced new sustainable plasticizers with 20 – 59% of recycled content. Its proprietary, “Eastman 168 Renew 20 non-phthalate” plasticizers use 20% certified recycled content for roofing and flooring applications. Its “Eastman Triacetin Renew 59” plasticizers have 59% recycled content for food packaging adhesives and other food wrap applications. Eastman is working towards producing plasticizers using its carbon renewal technology.
Companies are also expanding their product lines to meet the growing demand for the category. For instance,
In April 2023, Evonik expanded its plasticizer product line with the introduction of its “ELATUR” product. This material is appropriate for challenging applications, including high-temperature cables, and high-quality interior fittings – like vehicle dashboards, steering wheels trim, etc. The main raw material in this type of plasticizer is Isononanol.
In January 2022, Evonik announced the launch of its new plasticizer, named “ELATUR DINCD”. This new isononanol-based plasticizer is aimed at demanding applications (both interior and exterior) such as – roofing membranes, adhesives & sealants, paints and coatings, textile fabrics, and floor coverings.
Plasticizers Procurement Intelligence Report Scope
The Plasticizers category is expected to have pricing growth outlook of 10% - 20% (annual) from 2023 to 2030, with below pricing models.
Volume-based
contract-based
spot pricing model
Supplier Selection Scope of Report
Cost and pricing
Past engagements
Productivity
Geographical presence
Supplier Selection Criteria of Report
Production capacity
grade
application area (polymeric, specialized)
properties (weight, pressure, volume, boiling point)
operational and functional capabilities
technology used
others
Plasticizers Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
Market Intelligence along with emerging technology and regulatory landscape
Market estimates and forecasts from 2023 to 2030
Growth opportunities, trends, and driver analysis
Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
Porter’s 5 forces
Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
Engagement and operating models, KPI, and SLA elements
LCC/BCC analysis and negotiation strategies
Peer benchmarking and product analysis
Market report in PDF, Excel, and PPT and online dashboard versions
Plasticizers Procurement Cost and Supplier Intelligence
The key raw materials associated with the production of plasticizers are olefins, alcohols, and acids. Hence, the major cost components include raw materials, energy and equipment, labor, facilities and storage, and transportation. Other costs include utilities and administrative expenses, repairs and maintenance, testing, marketing, recycling, tax, insurance and depreciation, R&D, etc. A few common examples of olefins include butene or butylene, propene or propylene, etc. Fluctuations in the prices of raw materials can have a significant impact on the total cost of plasticizers. For instance, since July 2022, Eastman has increased its plasticizer prices due to ongoing pressure from raw materials, energy, and transportation costs. Price increases were in the range of USD 0.075 to USD 0.100 /LB in North America and Latin America.
Linear alpha olefins prices increased by 22% in March 2023 in the U.S. region owing to high prices of crude oil and feedstock ethylene and high demand from polyethylene markets. Due to diminishing resources, the cost of extracting crude oil has increased dramatically. Consequently, alternative, cost-effective, and bio-based feedstocks are being used to produce olefins. At the end of November 2023, in Asia, propylene prices rose due to higher upstream crude prices, strong regional demand, and tighter supply. There has been a robust demand for propylene in Southeast Asia, particularly with the resumption of a PP line by the end of November at PRefChem, Malaysia, and HMC, Thailand. Weak demand in Northeast Asia is attributed to crude losses and subdued economic data. Prices at the end of November reached USD 675 – 1,000 / ton in Southeast Asia and China.
In terms of consumption, China is the world's largest consumer of plasticizers, accounting for more than 35 – 40% of the total share in 2022. Depending on the type of plasticizers, the top countries most preferred for procuring the products are China, India, Germany, Vietnam, the U.S., Canada, the Netherlands, the U.A.E, and the Philippines. Large manufacturers such as BASF, Dow Chemical, etc. have specialized in-house teams that can manufacture plasticizers from start to finish. However, for sourcing a few key raw materials from their approved providers with whom they have long-term agreements with. Some of the key sourcing strategies include evaluating suppliers based on product strength, durability, and specified parameters, whether the product can serve high-demand applications, and ensuring compliance with industry requirements such as CFR, REACH regulations, etc. It is crucial to ensure that the manufacturer is qualified before production, especially in the chemical industry.
List of Key Suppliers
Arkema S.A.
BASF SE
Daelim Industrial Co. Ltd.
Dow Chemical Company
LG Chem Ltd.
Evonik Industries AG
ExxonMobil Chemical
Eastman Chemical Company
INEOS Group
LANXESS AG
UPC Group
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Loyalty Programs Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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Trail Running Shoes Industry Overview
The global trail running shoes market size to be valued at USD 8.9 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% during the forecast period.
The rising popularity of trail running is projected to drive product demand. The increasing popularity of outdoor sports and recreational activities is anticipated to further support market growth. Rising safety concerns during off-road running have increased the demand for shoes designed specifically for trail running.
Gather more insights about the market drivers, restrains and growth of the Trail Running Shoe Market
Increasing participation in trail running is anticipated to drive the demand for shoes over the forecast period. Growing female participation is also driving the demand for trail shoes. From 2014 to 2017, female participation in running increased from 22% to 34%. According to the American Trail Running Association, the majority of trail runners are in the age group 40 to 59 years, accounting for 53% of all the participants, while the age group of 20 to 39 years accounted for 34% of the participants in 2018. Also, as per the Physical Activity Council, the participation rate in outdoor activities increased from 53.9% in 2013 to 59.2% in 2018. Increasing demand for trail running shoes among participants to maintain safety and reduce the chances of injuries and fatigue is expected to drive the market in the near future.
The growing popularity of trail running events, such as Ultra-Trail du Mont-Blanc (UTMB), is also supporting the market growth. The demand for entry in this event witnessed a 68% rise from 2016 to 2019. In 2019, the event received 26,000 applications from 10,000 places. There are around 4,300 races certified and recognized by the International Trail Running Association (ITRA), and around 10,000 events take place worldwide.
Consumers prefer trail running shoes over regular running shoes owing to the build quality and trail-specific designs. These footwears are beefier to handle the rough and rugged terrain, which reduces the chances of a sprained ankle. The rugged sole offers better traction on muddy and wet trails compared to other types of footwear. Also, the growing trend of ethical consumerism is creating more opportunities for new players in the market. Projects such as Clean Run, a cross-brand open-source platform collaboration to accelerate the development of sustainable trail running shoes, are used in increasing consumer awareness.
Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports.
The global sportswear market size was valued at USD 335.92 billion in 2023 and is expected to grow at a CAGR of 9.9% from 2024 to 2030.
The global smart shoes market sizewas valued at USD 422.4 million in 2023 and is projected to grow at a CAGR of 15.3% from 2024 to 2030.
Trail Running Shoes Market Segmentation
Grand View Research has segmented the global trail running shoes market on the basis of type, distribution channel, and region:
Trail Running Shoes Type Outlook (Revenue, USD Million, 2015 - 2025)
Light Trail Running Shoes
Rugged Trail Running Shoes
Off Trail Running Shoes
Trail Running Shoes Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Online
Offline
Trail Running Shoes Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
S.
Europe
Germany
K.
France
Asia Pacific
China
Japan
Central & South America (CSA)
Brazil
Middle East & Africa (MEA)
Key Companies profiled:
VF Corporation
New Balance Athletics, Inc.
Wolverine World Wide Inc.
Brooks Sports, Inc.
Adidas AG
Nike Inc.
Skechers U.S.A, Inc.
Asics Group
Deckers Outdoor Corporation
Amer Sports
Recent Developments
In March 2022, New Balance stated that it will expand its green leaf product variety to include some footwear, focusing on high-volume models, including colorways from two of the brand's most popular footwear brands, Fresh Foam 1080v12 and the 574. Polyester and leather are two of New Balance's most high-volume climate-impacting materials, and this program is intended to assist the company's aim of sourcing 100% preferred leather and 50% recycled polyester.
In March 2022, Wolverine, a 139-year-old boot and clothing brand, has announced a collaboration with 343 Industries, the creators of the popular Halo franchise, to make exclusive boot inspired by the Master Chief.
Order a free sample PDF of the Trail Running Shoes Market Intelligence Study, published by Grand View Research.
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Precision Medicine Industry Overview
The global precision medicine market size was estimated at USD 87.50 billion in 2023 and is projected to grow at a CAGR of 16.3% from 2024 to 2030.
The market is expected to grow further due to advancements in genomics, increased demand for personalized treatments, and technological innovations in diagnostics. The rising prevalence of chronic diseases, favorable government initiatives, and increased investment in research are likely to drive the market, aiming to improve patient outcomes through tailored therapeutic approaches.
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Next-generation Sequencing (NGS) has transformed genomics and is instantly reshaping clinical diagnosis & personalized medicine. These technological advancements allow for rapid and cost-effective analysis of extensive genomic data, enabling thorough exploration of disease genetics. In clinical settings, NGS is an effective tool for identifying disease-causing variations and facilitating precise & early detection of genetic disorders. In addition, NGS helps diagnose novel disease-related genes & variations, supporting the development of targeted therapies and personalized treatment approaches. These advantages associated with the technology, which include a better understanding of disease mechanisms and identification of specific molecular markers for disease subtypes, significantly enhance precision medicine, enabling tailored medical interventions based on individual characteristics.
Several oncologists expect that NGS combined with companion diagnostics can play a major role in precision diagnostics & therapeutics, significantly increasing the demand for NGS applications. The NGS companion diagnostics space has been continuously evolving and is highly dynamic. Developments in the regulatory framework for the safety & efficacy of NGS-based laboratory tests and increasing clinical investigation data on disease heterogeneity are expected to propel the demand for personalized medicine over the forecast period. For instance, in February 2021, QIAGEN extended its partnership agreement with Inovio Pharmaceuticals, Inc. to develop companion diagnostics for INOVIO’s VGX-3100. VGX-3100 is a phase III DNA immunotherapy candidate for cervical dysplasia.
Browse through Grand View Research's Pharmaceuticals Industry Research Reports.
The global antipsychotic drugs market size was valued at USD 16.88 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.
The global nanocapsules market size was valued at USD 3.43 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2030.
Precision Medicine Market Segmentation
Grand View Research has segmented the global precision Medicine market on the basis of application, end-use, and region:
Precision Medicine Application Outlook (Revenue, USD Million; 2018 - 2030)
Diagnostics
Genetic Tests
Direct to Consumer Tests
Esoteric Tests
Others
Therapeutics
Pharmaceuticals
Oncology
Respiratory Diseases
Skin Diseases
CNS Disorders
Immunology
Genetic Diseases
Others
Medical Devices
Others
Precision Medicine End-use Outlook (Revenue, USD Million; 2018 - 2030)
Home Care
Hospitals
Clinical Laboratories
Others
Precision Medicine Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
China
Japan
India
South Korea
Australia
Thailand
Latin America
Brazil
Argentina
Middle East and Africa (MEA)
South Africa
Saudi Arabia
Kuwait
UAE
Key Companies profiled:
Hoffmann-La Roche Ltd.-(Foundation Medicine)
Siemens
Janssen Global Services, LLC
Illumina, Inc.
Quest Diagnostics Incorporated
23andMe, Inc.
NeoDiagnostix
Myriad Genetics
Medtronic
GE Healthcare
Abbott
QIAGEN
Recent Developments
In May 2024, Atarafiled a Biologics License Application (BLA) with the U.S. FDA for tabelecleucel (tab-cel). It is proposed as a standalone treatment for Epstein-Barr Virus-Positive Post-Transplant Lymphoproliferative Disease (EBV+ PTLD) in adults and children aged 2 years and above who have undergone at least one prior therapy. In the case of solid organ transplant recipients, prior therapy typically involves chemotherapy if suitable. Notably, there are currently no FDA-approved treatments available for this specific condition
In May 2024, Dragonfly Therapeutics, Inc., a biotechnology company dedicated to pioneering new immunotherapies, announced a clinical collaboration with Merck (known as MSD outside the U.S. and Canada). This collaboration aims to assess DF9001, Dragonfly's Epidermal Growth Factor Receptor (EGFR) immune engager, alongside Merck's anti-PD-1 therapy, KEYTRUDA (pembrolizumab), in patients with advanced solid tumors expressing EGFR
Order a free sample PDF of the Precision Medicine Market Intelligence Study, published by Grand View Research.
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Sportswear Industry Overview
The global sportswear market size was valued at USD 335.92 billion in 2023 and is expected to grow at a CAGR of 9.9% from 2024 to 2030.
The global market is driven by factors such as rising health consciousness, increasing participation in sports and fitness activities, and the growing trend of sports clothes, where athletic clothing is worn in casual settings. Advances in fabric technology, such as moisture-wicking, odor control, and temperature regulation, enhance the functionality and appeal of sportswear. Additionally, the influence of social media and celebrity endorsements has amplified brand visibility and consumer interest. The expansion of e-commerce platforms has made sportswear more accessible, while the emphasis on sustainability and eco-friendly materials resonates with environmentally conscious consumers.
Gather more insights about the market drivers, restrains and growth of the Sportswear Market
The increasing health consciousness among consumers is one of the primary drivers of the global sportswear market. The growing awareness of the importance of maintaining a healthy lifestyle has led to a surge in participation in various physical activities, including running, yoga, gym workouts, and team sports. According to a report by the World Health Organization, the number of people engaging in regular physical activity has risen significantly over the past decade, contributing to the heightened demand for sportswear. This shift towards a healthier lifestyle is not just limited to younger demographics but also includes older adults who are adopting fitness regimes to improve their overall well-being.
The athleisure trend, where athletic apparel is worn in non-athletic settings, has significantly boosted the sportswear market. Athleisure blurs the lines between gym wear and casual wear, making it acceptable to wear sports clothing in everyday activities. This trend is particularly popular among millennials and Gen Z, who prioritize comfort and style. Brands like Nike, Adidas, and Lululemon have capitalized on this trend by launching stylish and versatile sportswear collections that can be worn both in and out of the gym.
Innovations in fabric technology and design have played a crucial role in the growth of the sportswear market. Manufacturers are constantly developing new materials that enhance performance, such as moisture-wicking fabrics, anti-odor treatments, and temperature-regulating textiles. These advancements improve comfort and functionality, making sportswear more appealing to consumers. For instance, Under Armour's HeatGear and ColdGear lines are designed to keep athletes comfortable in extreme temperatures. Similarly, Nike's Dri-FIT technology helps wick sweat away from the body, keeping athletes dry and comfortable during workouts.
Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports.
The global smart shoes market sizewas valued at USD 422.4 million in 2023 and is projected to grow at a CAGR of 15.3% from 2024 to 2030.
The global blanket market size was valued at USD 15.14 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030.
Sportswear Market Segmentation
Grand View Research has segmented the global sportswear market on the basis of product, distribution channel, end-user, and region:
Sportswear Product Outlook (Revenue, USD Million, 2018 - 2030)
Footwear
Apparel
Sportswear End-user Outlook (Revenue, USD Million, 2018 - 2030)
Men
Women
Children
Sportswear Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Online
Offline
Sporting Goods Retailers
Supermarkets & Hypermarkets
Exclusive Brand Outlets
Others
Sportswear Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
S.
Canada
Mexico
Europe
K.
Germany
France
Italy
Spain
Asia Pacific
China
Japan
India
Australia & New Zealand
South Korea
Central & South America
Brazil
Middle East & Africa
South Africa
Key Companies profiled:
Nike, Inc.
Adidas AG
LI-NING Company Limited
Umbro Ltd.
Puma SE, Inc.
Fila, Inc.
Lululemon Athletica Incorporation
Under Armour
Columbia Sportswear Company
Anta Sports Products Limited, Inc.
Recent Developments
In June 2024, Reebok introduced its first ever pickleball shoe, the Nano Court. Designed for sports such as pickleball, padel, and tennis, the shoe prioritizes grip, stability, and durability. It features Flexweave Pro uppers, incorporating Reebok’s most resilient Flexweave knit yet, with zoned stability yarns for targeted support. Additionally, the shoe includes ToeTection Guard at the toe box for enhanced durability, along with a 360 Comfort Booty anatomical upper construction for a secure fit.
In June 2024, Stack Athletics, a leading brand in pickleball-specific performance apparel, unveiled its Summer 2024 performance collection tailored for pickleball enthusiasts. The collection introduces new colors, patterns, and pieces featuring innovative technology, such as the Men's Flowstate Zip Tee, Women's Rush Skirt, and Men's Tourney Short. These garments are designed to regulate body temperature and enhance agility with lightweight fabrics, keeping players swift on the court.
Order a free sample PDF of the Sportswear Market Intelligence Study, published by Grand View Research.
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Australia Legal Cannabis Industry Overview
The Australia legal cannabis market size was estimated at USD 88.1 million in 2023 and is anticipated to grow at a CAGR of 27.8% from 2024 to 2030.
The industry growth is propelled by the growing awareness of the health benefits of cannabis and the legalization of marijuana, mostly for medical purposes. Furthermore, the increase in medical marijuana output as a result of increasing demands in the pharmaceutical sector is boosting overall growth.
In 2016, the Australian Government legalized cannabis for medicinal purposes in all six states and two territories. The Therapeutic Goods Administration (TGA) regulates the supply of medicinal cannabis in Australia. The legal framework regulating medicinal cannabis is constantly evolving and remains closely monitored. New cannabis legislation was enacted by the Australian government, allowing the Australian Capital Territory (ACT) to acquire and cultivate four plants of cannabis per household for personal use. In October 2023, the Australian Capital Territory (ACT) introduced certain regulations on the use of cannabis. It stated that individuals over 18 years old can own fresh cannabis up to 150 grams or dried cannabis up to 50 grams. This factor is expected to contribute to the cannabis usage in Australia.
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When contrasted with different nations in Asia Pacific, Australia has been a strong advocate of cannabis legalization. For instance, Australia is working on passing a bill to legalize the use of cannabis for recreational purposes. The Legalizing Cannabis Bill 2023 is expected to take place in May 2024. The Legalizing Cannabis Bill 2023, if approved, would modify the federal landscape. It aims to legalize the use of cannabis for recreational purposes in Australia. In addition, the Bill would develop the Cannabis Australia National Agency as a statutory body responsible for the registration of cannabis strains and oversight of cannabis-related activities such as growing, possession, manufacturing, sale, operation of cannabis cafes, and import/export of cannabis products. Such initiatives are expected to boost the growth of the legal cannabis market in Australia.
Browse through Grand View Research's Pharmaceuticals Industry Research Reports.
The global antipsychotic drugs market size was valued at USD 16.88 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.
The global fabry disease treatment market sizewas valued at USD 2.54 billion in 2023 and is projected to grow at a CAGR of 9.9% from 2024 to 2030.
Australia Legal Cannabis Market Segmentation
Grand View Research has segmented the Australia legal cannabis market based on source, derivative, and end-use:
Australia Legal Cannabis Source Outlook (Revenue, USD Million, 2018 - 2030)
Marijuana
Flower
Oil And Tinctures
Hemp
Hemp CBD
Supplements
Industrial Hemp
Australia Legal Cannabis Derivative Outlook (Revenue, USD Million, 2018 - 2030)
CBD
THC
Others
Australia Legal Cannabis End-use Outlook (Revenue, USD Million, 2018 - 2030)
Medical
Cancer
Chronic Pain
Depression And Anxiety
Arthritis
Diabetes
Glaucoma
Migraine
Epilepsy
Multiple Sclerosis
AIDS
Amyotrophic Lateral Sclerosis
Alzheimer’s Disease
Post-traumatic Stress Disorder (PTSD)
Parkinson's Disease
Tourette Syndrome
Others
Recreational
Industrial
Key Companies profiled:
Cann Group Limited
Zelira Therapeutics
AusCann Group Holdings Ltd.
Bod Australia
Althea Group
ECOFIBRE
Botanix Pharmaceuticals
EPSILON
Little Green Pharma
Incannex
Recent Developments
In February 2024, Peak Processing Solutions, an Althea Group Holdings subsidiary, signed an agreement with Collective Project to produce 6 cannabis-based beverage products based on contract manufacturing.
In January 2024, Althea Group Holdings Limited, a manufacturer and distributor of cannabis-based products, launched two new products, Althea THC10, and Althea CBD3:THC2, and expanded its softgel capsule product range.
In June 2023, Cann Group Limited signed an agreement with Levin Health Pty Ltd., to supply cannabis flowers to Levin to meet the production of cannabis based products.
Order a free sample PDF of the Australia legal cannabis Market Intelligence Study, published by Grand View Research.
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Air Quality Monitoring System Industry Overview
The global air quality monitoring system market size was valued at USD 5.13 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030.
Rising levels of pollutants in the atmosphere and stringent government norms and regulations for monitoring pollution are likely to drive product demand. Moreover, in recent years, casualties have risen significantly due to respiratory diseases resulting from environmental pollution. This is expected to propel product demand subsequently.
Gather more insights about the market drivers, restrains and growth of the Air Quality Monitoring System Market
Air pollution is a major threat to environmental balance. It significantly influences the atmosphere, resulting in acid rain, a rise in toxicity levels, and global warming. Increasing demand for work environment safety is leading to the rising adoption of air quality monitoring systems in manufacturing, automotive, and oil and gas industries. Mishaps such as the Bhopal gas leak disaster and the Aliso Canyon disaster have raised awareness regarding monitoring the presence of pollutants in the atmosphere.
The increasing government initiatives for environmental conservation, such as providing funds for installing air quality monitoring systems and smart city initiatives, are expected to boost market growth over the forecast period. For instance, in November 2022, the U.S. Environmental Protection Agency (EPA) disclosed its allocation of $53.4 million from President Biden's Inflation Reduction Act and American Rescue Plan to support 132 air monitoring initiatives across 37 states. This funding aims to elevate the quality of air quality monitoring in various communities throughout the U.S.
Recent years have seen many tie-ups between government agencies and private organizations. Large companies such as Honeywell International Inc. and Intel Corporation are collaborating with government agencies around the globe to protect the environment. These partnerships aim to develop sensor networks and intelligent systems for monitoring air and water quality. Under the Clean Air Act, the Metropolitan Washington Council of Governments founded the Clean Air Partners in partnership with the Maryland Department of Transportation, Baltimore Metropolitan Council, and WGL Holdings, Inc. Clean Air Partners has deployed monitoring systems across the Baltimore-Washington region and provides current and forecasted air quality data for the area.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
The global commercial food and biomedical refrigerators and freezers market size was valued at USD 36.69 billion in 2023 and is expected to grow at a CAGR of 5.5% from 2024 to 2030. T
The global AI video market size was estimated at USD 5.53 billion in 2023 and is projected to grow at a CAGR of 35.3% from 2024 to 2030.
Air Quality Monitoring System Market Segmentation
Grand View Research has segmented the global air quality monitoring system market based on product type, pollutant, component, end-use, and region:
Air Quality Monitoring System Product Type Outlook (Revenue, USD Million, 2017 - 2030)
Indoor Air Quality Monitoring Systems
Fixed Indoor Systems
Portable Indoor Systems
Outdoor Air Quality Monitoring Systems
Fixed Outdoor Systems
Portable Outdoor Systems
Air Quality Monitoring System Pollutant Outlook (Revenue, USD Million, 2017 - 2030)
Chemical
Nitrogen Oxides
Sulphur Oxides
Carbon Oxides
Volatile Organic Compounds
Others
Physical
Air Quality Monitoring System Component Outlook (Revenue, USD Million, 2017 - 2030)
Hardware
Sensors
Processors
Output devices
Software
Services
Air Quality Monitoring System End-use Outlook (Revenue, USD Million, 2017 - 2030)
Residential
Commercial
Industrial
Oil & Gas
Manufacturing
Food & Beverages
Pharmaceuticals
Healthcare
Others
Air Quality Monitoring System Region Outlook (Revenue, USD Million, 2017 - 2030)
North America
S.
Canada
Europe
UK
Germany
France
Asia Pacific
Japan
China
India
Australia
South Korea
Latin America
Brazil
Mexico
Middle East and Africa
South Africa
Saudi Arabia
UAE
Key Companies profiled:
3M
General Electric
HORIBA Scientific
Aeroqual
Emerson Electric Co.
Seimens
Merck KGaA
Teledyne Technologies Incorporated.
Testo SE & Co. KGaA
Thermo Fisher Scientific Inc.
Recent Developments
In August 2023, Wayne County intended to initiate a three-year comprehensive program, with a budget of $2.7 million, aimed at installing 100 air-quality monitors. These monitors were planned to be strategically positioned on streetlights and other posts across all 43 communities within the county. The primary objective of this initiative was to monitor and assess the levels of various air pollutants, including nitrogen dioxide, ozone, black carbon, and other particulate matter.
In April 2022, Oizom introduced its latest advancement: AQBot, an industrial-grade air quality monitoring device focused on a single parameter. This compact and lightweight device has various features, catering to industries and consultants seeking precise monitoring of specific target pollutants. AQBot was unveiled in a webinar that drew an audience of around 250 participants from over 30 countries.
Order a free sample PDF of the Air Quality Monitoring System Market Intelligence Study, published by Grand View Research.
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Biosensors Industry Overview
The global biosensors market size was estimated at USD 28.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2030.
The demand for biosensors is increasing due to the diversity of medical applications, increasing number of diabetic patients, high demand for compact diagnostic devices, and rapid technological improvement.Accurate early diagnosis of the disease is critical to a positive disease prognosis and patient survival. Demand for disposable, convenient, and economical devices with fast response times has increased dramatically in recent years. The emergence of COVID-19 had a positive impact on the medical device industry. Early symptoms of COVID-19 were scanned using a variety of methods.
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The biosensors market is on the verge of substantial expansion, driven by noteworthy technological advancements and strategic endeavors by key market players. For instance, in January 2023, Intricon, a developer and manufacturer of medical devices leveraging smart miniaturized electronics, made a significant stride by inaugurating a Biosensors Center of Excellence (CoE). This strategic move highlights Intricon's commitment to integrating its expertise and capabilities in a vertically integrated business unit devoted to introducing biosensor devices to the medical market. Combining technological innovation with a specific focus drives positive growth in the biosensors market.
Nanotechnology-based biosensors are expected to have wide application scope in various industries, such as food analysis, imaging, and microbial activity monitoring. The global market is consolidating due to the growing preference for non-invasive biosensors, rising popularity of medical devices & specialty drugs, and increasing research collaborations & contracts between various manufacturers. For example, Ethicon Endo-Surgery Inc.under contracts administered by Johnson & Johnson Innovation. Another important factor boostingindustry growth is the rising awareness about continuous health monitoring. As a result, the interest of athletes is increasing. Many athletes use Electromyography (EMG) biosensors to keep a close eye on their health and get alerts if something goes wrong.
Browse through Grand View Research's Medical Devices Industry Research Reports.
The global surgical drills market size was estimated at USD 1.27 billion in 2023 and is projected to grow at a CAGR of 5.5% from 2024 to 2030.
The global oral appliances market size was estimated at USD 908.7 million in 2023 and is expected to grow at a CAGR of 5.72% from 2024 to 2030.
Biosensors Market Segmentation
Grand View Research has segmented the biosensors market report on the basis of technology, application, end-user, and region:
Biosensors Technology Outlook (Volume, Unit; Revenue, USD Million, 2018 - 2030)
Thermal
Electrochemical
Piezoelectric
Optical
Biosensors Application Outlook (Volume, Unit; Revenue, USD Million, 2018 - 2030)
Medical
Cholesterol
Blood Glucose
Blood Gas Analyzer
Pregnancy Testing
Drug Discovery
Infectious Disease
Food Toxicity
Bioreactor
Agriculture
Environment
Others
Biosensors End-user Outlook (Volume, Unit; Revenue, USD Million, 2018 - 2030)
Home Healthcare Diagnostics
POC Testing
Food Industry
Research Laboratories
Security and Bio-Defense
Biosensors Regional Outlook (Volume, Unit; Revenue, USD Million, 2018 - 2030)
North America
S.
Canada
Europe
UK
Germany
France
Italy
Spain
Belgium
Switzerland
The Netherlands
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
Australia
South Korea
Indonesia
Thailand
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Turkey
Kuwait
Key Companies profiled:
Bio-Rad Laboratories Inc.
Medtronic
Abbott Laboratories
Biosensors International Group, Ltd.
Pinnacle Technologies Inc.
Ercon, Inc.
DuPont Biosensor Materials
Johnson & Johnson
Koninklijke Philips N.V.
LifeScan, Inc.
QTL Biodetection LLC
Molecular Devices Corp.
Key Biosensors Company Insights
Medtronic is a global health solutions company engaged in the development, manufacturing, distribution, and commercialization of device-based medical therapies and services. Organized into four segments—minimally invasive therapies, cardiac & vascular group, restorative therapies, and diabetes group—Medtronic operates globally with a presence in over 370 locations across approximately 160 countries.
Abbott is a prominent global healthcare company dedicated to the development, manufacturing, and commercialization of healthcare products worldwide. The company operates through four key segments: pharmaceutical products, diagnostic products, nutritional products, and medical devices.
Recent Developments
In January 2023, Intricon Corporation announced the opening of a Bionsensor Center of Excellence (CoE). The center aims to vertically integrate the company’s business to provide biosensors in medical devices.
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Attention Deficit Hyperactivity Disorder Industry Overview
The global attention deficit hyperactivity disorder market size was estimated at USD 14.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030.
The market's growth can be attributed to the escalating demand for attention deficit hyperactivity disorder (ADHD) drugs, driven by the rising global prevalence of ADHD. This growth is further fueled by the increasing awareness about the disorder among healthcare professionals and patients, as well as the escalating healthcare expenditure across various regions.
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The prevalence of ADHD in children has been linked to reduced health and well-being for patients and their families. As a common neurological developmental disorder, ADHD is increasingly recognized in adolescents, adults, and children. According to a study published in the Italian Journal of Pediatrics in 2023, the global prevalence of ADHD in children aged 3 to 12 years is 7.6%, while it is 5.6% for those aged 12 to 18 years. The Forbes Health Report of 2023 indicates that approximately 129 million adolescents and children between 5 to 19 years old are living with ADHD. Consequently, the rising prevalence of ADHD is expected to drive the demand for medications used in its treatment.
The growing awareness of ADHD among patients, healthcare professionals, and other medical practitioners is expected to stimulate the diagnosis and treatment of the condition, propelling market growth. Enhanced understanding of ADHD is expected to contribute to improved academic outcomes for students affected by the disorder. In an effort to advance treatment quality for children with ADHD, the National Institute for Children's Health Quality has implemented a collaborative model in partnership with children and adults with Attention-Deficit/Hyperactivity Disorder (CHADD) and the American Academy of Pediatrics (AAP).
In addition to the efforts of the National Institute for Children's Health Quality, organizations such as the ADHD Coaches Organization (ACO), Attention Deficit Disorder Association (ADDA), and CHADD are proactively working to raise awareness about ADHD and available treatment options globally through various campaigns. For instance, in 2022, these organizations organized a program called "Reframing ADHD: Discovering New Perspectives," that aimed to address aspects including ADHD relationships and communications, diagnosis in children and adults, treatment plans, and co-occurring situations.
October is recognized worldwide as ADHD Awareness Month, dedicated to increasing understanding and educating people about ADHD. According to CHADD, the healthcare costs associated with treating ADHD in adults aged 18 to 64 range from USD 137 to USD 4,100 per person annually. Consequently, the growing financial burden has led to a heightened need for evaluating efficient, low-cost treatment options for ADHD that significantly contribute to market growth.
Browse through Grand View Research's Pharmaceuticals Industry Research Reports.
The global nanocapsules market size was valued at USD 3.43 billion in 2023 and is projected to grow at a CAGR of 5.4% from 2024 to 2030.
The global antipsychotic drugs market size was valued at USD 16.88 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030.
Attention Deficit Hyperactivity Disorder Market Segmentation
Grand View Research has segmented the global attention deficit hyperactivity disorder market based on drug type, demographics, distribution channel, and region:
Attention Deficit Hyperactivity Disorder Drug Type Outlook (Revenue, USD Million, 2018 - 2030)
Stimulants
Amphetamine
Methylphenidate
Lisdexamfetamine
Dexmethylphenidate
Non-stimulants
Atomoxetine
Guanfacine
Clonidine
Others
Attention Deficit Hyperactivity Disorder Demographics Outlook (Revenue, USD Million, 2018 - 2030)
Children
Adults
Attention Deficit Hyperactivity Disorder Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Retail Pharmacy
Hospital Pharmacy
Attention Deficit Hyperactivity Disorder Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
S.
Canada
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
South Korea
Australia
Thailand
Latin America
Brazil
Mexico
Argentina
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Kuwait
Key Companies profiled:
Eli Lilly and Company.
Pfizer Inc.
Johnson & Johnson Services Inc.
Lupin
Novartis AG
Takeda Pharmaceutical Company Limited
Mallinckrodt Inc.
Purdue Pharma LP
NEOS Therapeutics Inc.
Supernus Pharmaceutical, Inc.
Key Attention Deficit Hyperactivity Disorder Company Insights
Some of the key companies operating in the attention deficit hyperactivity disorder market include Novartis AG, Eli Lilly and Company, Johnson & Johnson Services, Inc. etc.
Novartis AG, a global pharmaceutical company, offers various brands for the treatment of attention deficit hyperactivity disorder. Some of the notable Novartis AG brands for ADHD include Ritalin, Concerta, Adderall, Vyvanse, and Strattera.
Eli Lilly and Company, a multinational pharmaceutical corporation, also offers a variety of brands for the management of attention deficit hyperactivity disorder. The Eli Lilly and Company brands for ADHD include Adderall XR and QuilliChew ER.
Recent Developments
In July 2022, Swedish pharmaceutical company AGB-Pharma introduced Adaflex, the first melatonin product in the UK designed for insomnia in children and adolescents aged 6 to 17 years with ADHD when conventional sleep hygiene measures prove insufficient.
In April 2022, Supernus Pharmaceuticals, Inc. received FDA approval for Qelbree, developed by Supernus Pharmaceuticals, Inc., for treating ADHD patients aged 18 years and above. This approval was anticipated to increase the consumer base for the product.
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Wearable AI Industry Overview
The global wearable AI market size was valued at USD 21.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 29.8% from 2023 to 2030.
The market is witnessing significant growth due to the exponential rise of emerging technologies, such as artificial intelligence (AI), and 5G smartphone adoption. The increased adoption of smart wearables enabled with AI is due to the advancement of IoT, integration of wireless technology, and the increasing popularity of smartwatches among millennials and Gen Z.
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Many key players in the market are targeting gen Z and introducing AI-enabled wearable products, for instance, in June 2022, Noise launched its eyewear, the Noise i1. It offers voice assistance and wireless music streaming by connecting to smartwatches through Bluetooth and attending phone calls. Noise i1 also allows one to play or pause music, answer, or decline calls, and activate the voice assistant on a user's phone.
Various cutting-edge wearable sensory devices with minimally intrusive health monitoring platforms have been developed due to the advancements. As a result, consumers now have a way to better diagnose diseases at an early stage and pay less overall for more invasive routine diagnostic services. Additionally, a smart implantable is another wearable device that will use artificial intelligence for sensors to monitor blood pressure, heart rate, glucose level, etc. For instance, Proteus, a bioscience company, produced a digital pill, which allows consumers to understand body metrics, as after swallowing the pill, the consumers get their body metrics using an external device.
There are various technological advancements taking place in the market. Some of them include the adoption of 5G, biosensors, beacon technology, smart rings, smart implantable, etc. Moreover, many device manufacturers are focusing on incorporating wellness and personal health features in the wearables such as blood oxygen sensors, heart rate monitors, electrocardiogram monitors, and other sensors that alert potential health issues. For instance, Fitbit offers watches with built-in thermometers that alert people regarding potential fever, especially during the COVID-19 pandemic.
Browse through Grand View Research's Healthcare IT Industry Research Reports.
The global 5G in healthcare market sizewas estimated at USD 50.8 billion in 2023 and is expected to grow at a CAGR of 40.5% from 2024 to 2030.
The global orthopedic software market was estimated at USD 409.3 million in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.
Wearable AI Market Segmentation
Grand View Research has segmented the global wearable AI market based on type, application, operations, component, and region:
Wearable AI Type Outlook (Revenue, USD Million, 2017 - 2030)
Smartwatches
Smart Eyewear
Smart Earwear
Others
Wearable AI Application Outlook (Revenue, USD Million, 2017 - 2030)
Consumer Electronics
Healthcare
Automotive
Military & Defense
Media & Entertainment
Others
Wearable AI Operations Outlook (Revenue, USD Million, 2017 - 2030)
On-device AI
Cloud-based AI
Wearable AI Component Outlook (Revenue, USD Million, 2017 - 2030)
Processor
Connectivity IC
Sensors
Wearable AI Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
S.
Canada
Europe
K.
Germany
France
Italy
Spain
Russia
Asia Pacific
China
Japan
India
Australia
South Korea
Singapore
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Key Companies profiled:
com, Inc.
Fitbit, Inc.
Garmin Ltd.
Google, Inc.
Huawei Technologies Co. Ltd.
IBM
Motorola Solutions, Inc.
TomTom International B.V.
Apple, Inc.
Samsung Electronics Co. Ltd.
Sony Corporation
Key Wearable AI Company Insights
IBM announced that it signed a strategic collaboration agreement with Amazon Web Services. This agreement would enable IBM to make a variety of its software products available as services on the AWS marketplace.
Apple announced the release of the Apple Watch 7 and its newest generation of iPhones. The Apple Watch 7 is the company's eighth-generation smartwatch and the first new model to be introduced in a while.
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Energy-as-a-Service Procurement Intelligence
The energy-as-a-service category is anticipated to grow at a CAGR of 9.20% from 2023 to 2030.
North America is the leading market followed by Europe due to the rise in automation in manufacturing plants, renewable energy demand, and commercial industry growth. This category is driven by key drivers such as cost efficiency, scalability, flexibility, simplified IT management, access to advanced technologies, and innovation for organizations in today's dynamic business landscape. The key trends that are shaping its growth trajectory include the escalating energy demand driven by expanding industries, favorable energy regulations promoting EaaS adoption, the increasing integration of renewable energy sources to meet sustainability goals, the growing demand for flexibility to adapt to market changes, and the emphasis on energy efficiency to optimize resource utilization.
Order your copy of the Energy-as-a-Service category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Energy-as-a-Service Procurement Intelligence Report Scope
The Energy-as-a-Service category is expected to have pricing growth outlook of 3% - 4% from 2023 to 2030, with below pricing models.
Subscription-based pricing model
Pay-per-use pricing model
Supplier Selection Scope of Report
Technical capabilities
experience
pricing
support to customers
Supplier selection criteria of Report
Capabilities and reliability
track record and pricing
performance guarantees
flexible pricing structures
diversifying sourcing strategies
leveraging technology
Energy-as-a-Service Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
Market Intelligence along with emerging technology and regulatory landscape
Market estimates and forecasts from 2022 to 2030
Growth opportunities, trends, and driver analysis
Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
Porter’s 5 forces
Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
Engagement and operating models, KPI, and SLA elements
LCC/BCC analysis and negotiation strategies
Peer benchmarking and product analysis
Market report in PDF, Excel, and PPT and online dashboard versions
Energy-as-a-Service Procurement Cost and Supplier Intelligence
The key cost components include energy generation and distribution costs, maintenance and operations expenses, procurement and installation fees, financing charges, and additional services provided within this service package. Understanding these components is crucial for both service providers and customers in assessing the financial implications of adopting EaaS. Pricing in this category typically follows a pay-per-use model, considering factors such as energy demand, efficiency improvements, and operational savings achieved. The price section includes service pricing, base fee, usage costs, add-ons/upgrades, support and maintenance, implementation/onboarding costs, and contract terms. Achieving an optimal pricing and cost strategy is essential to provide value to customers while ensuring a profitable and sustainable business model for EaaS service providers.
Implementing best sourcing practices is essential in this category to optimize operational efficiency and achieve cost savings. Service providers should focus on strategic supplier selection, conducting thorough evaluations of the vendor’s capabilities, reliability, and track record. Establishing long-term partnerships with reliable suppliers can ensure consistent and high-quality energy services. Negotiating favorable contract terms, including performance guarantees and flexible pricing structures, is crucial to mitigate risks and maximize value. Additionally, diversifying sourcing strategies, exploring renewable energy options, and leveraging technology to monitor and optimize energy usage are key practices for a robust and sustainable EaaS procurement strategy.
List of Key Suppliers
Schneider Electric
Siemens
Engie
Honeywell International Inc.
Veolia
EDF
Johnson Controls
Bernhard
General Electric
Entegrity
Enel SpA
NORESCO
LLC
Centrica plc
Wendel
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
Browse through Grand View Research’s collection of procurement intelligence studies:
Personal Protective Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Advertising Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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