Osmometers Market Estimated to Experience a Hike in Growth by 2030: Grand View Research Inc.

 Osmometers Market Growth & Trends 

The global osmometers market size is expected to reach USD 126.58 million by 2030, registering a CAGR of 4.03% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow due the rise in prevalence of electrolyte disorders, launch of innovative products by the key players, and expansion of healthcare companies. 

The other major factors, which will drive the market growth, are increasing demand for modern, well-equipped clinical laboratories designed for the better clinical outcomes, and rising disease burden across the globe. For instance, according to World Health Organization (WHO) in April 2021, non-communicable diseases (NCDs) were responsible for 71.0% of all fatalities worldwide, taking the lives of 41.0 million people, annually.

Additionally, 17.9 million people each year die from the cardiovascular diseases, followed by cancer (9.3 million), respiratory conditions (4.1 million), and diabetes (1.5 million). The number of operations conducted has increased, as a result of the rising frequency of chronic illnesses, which is predicted to boost demand for the osmometers products and fuel osmometers market expansion. 

Moreover, the market will experience growth in the near future due to the technical advancements and an increase in the number of agreements between major companies. For instance, in June 2020, ELITech Group had released the freezing point osmometers, which is called "FreezePoint". The ELITechGroup’s Freeze Point, designed for measurements of the samples in various healthcare industry to determine the routine medical tests and total osmolality of the aqueous solution. Thus, in turn is anticipated to boost the osmometers market growth in near future. 

The current COVID-19 outbreak is expected to have a positive impact on the osmometers market. This is due to the electrolyte disorders such as hyponatremia, which are linked to COVID-19. Therefore, the industry's growth was boosted by an increase in usage for identifying and treating hyponatremia in the affected patients, with minimal treatment cost. This will promote osmometers market expansion. 

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Osmometers Market Report Highlights

• By type, freezing point osmometers accounted for the largest market share of 72.58%in 2021. The standard freeze point method for measuring osmolality gives a thorough and precise view of the sample as compared to other methods
• Based on the sampling capacity, single-sample segment dominated the market with a share of over 67.79% in 2021. This is due to increase in the demand for singe-sample osmometers in various end uses such as laboratory centers, healthcare companies, and others along with the technological advancements
• Based on the end user, laboratory & diagnostics centers led the market and accounted for more than 26.49% share of the global revenue in 2021, owing to high usage of osmometers in laboratory and diagnostic centers
• The Asia Pacific region is estimated to register the highest CAGR during the forecast period. This is due to the increasing incidences of chronic diseases, the rising geriatric population, and the augmented developments of advanced products which are expected to support regional growth

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Osmometers Market Segmentation

Grand View Research has segmented the global osmometers market based on the type, sampling capacity, end use, and regions:

Osmometers Type Outlook (Revenue USD Million; 2018 - 2030)

• Freezing Point Osmometers
• Vapour Pressure Osmometers
• Membrane Osmometers

Osmometers Sampling Capacity Outlook (Revenue USD Million; 2018 - 2030)

• Single-Sample
• Multi-Sample

Osmometers End-use Outlook (Revenue USD Million; 2018 - 2030)

• Hospitals
• Laboratory & Diagnostics Centers
• Healthcare Companies
• Contract Research Organizations
• Contract Manufacturing Organizations
• Food and Feed Industries
• Others

Osmometers Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE 

List of Key Players of Osmometers Market 

• Advanced Instruments
• ELITechGroup Inc.
• Precision Systems Inc.
• ARKRAY Inc.
• Nova Biomedical
• ASTORI TECNICA
• KNAUER Wissenschaftliche Gerete GmbH
• ratiolab
• Labtek Services Ltd.

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.

LED Light Face Mask Market Get Facts About Business Strategies 2022 to 2030: Grand View Research Inc.

 LED Light Face Mask Market Growth & Trends

The global LED light face mask market is expected to reach USD 655.6 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.9% from 2022 to 2030. Rising consumer awareness regarding the benefits of LED light therapy will drive market demand during the forecast period. LED light face mask is a risk-free, affordable, and effective alternative to laser light therapy and is used for curing a wide range of skin problems such as acne, wrinkles, discoloration, hyperpigmentation, and sun damage.

The red and blue LED type segment is anticipated to register the fastest growth rate during the forecast period. The red and blue LED light therapy is being widely recommended by dermatologists owing to its efficacy in treating acne, wrinkles, and other signs of aging. The combination of red and blue LED light therapy is a safe, effective, and non-invasive treatment for treating mild to moderately severe acne. The red LED light has a longer wavelength and penetrates deep into the skin to stimulate collagen production to improve the skin’s firmness and elasticity.

The anti-aging application segment held the largest share in 2021. The rise in conscious beauty consumerism and increasing awareness among consumers regarding age-related skin therapies propel the segment's growth. The rising propensity to spend on skin products and clinical treatments that help consumers to restore their skin firmness and youthfulness is anticipated to drive the segment during the forecast period.

The B2C distribution channel is anticipated to register a lucrative CAGR during the forecast period. Easy accessibility and physical verification of the products are the primary factors driving product sales through various B2C distribution channels. The majority of market players target hypermarkets, supermarkets, and e-commerce retail to expand product reach and widen their customer base.

Major players in the global market include a few established players and many small players. Moreover, there is intense competition between the players in this market as some of them are major manufacturers and have a large customer base both on regional and international levels.

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LED Light Face Mask Market Report Highlights

• North America held the largest share of over 40.0% in 2021. The increasing demand for skin-related products and the growing availability of LED light face masks owing to the presence of leading players in the U.S. and Canada will support the regional growth during the forecast period
• The acne treatment application segment is anticipated to register the highest CAGR of 12.8% during the forecast period owing to the growing demand for acne-related products among millennials to treat acne and blemishes
• The B2B distribution channel segment held the largest revenue share of over 60.0% in 2021. Most consumers prefer clinics and salon-based treatment for LED light therapy. Moreover, dermatologists and salon professionals can assist consumers in achieving skin goals by proactively addressing skin issues

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LED Light Face Mask Market Segmentation

Grand View Research has segmented the global LED light face mask market based on type, application, distribution channel, and region:

 LED Light Face Mask Type Outlook (Revenue, USD Million, 2017 - 2030)

• Red & Blue LED
• Near Infrared LED
• Amber LED
• Others

LED Light Face Mask Application Outlook (Revenue, USD Million, 2017 - 2030)

• Anti-aging
• Acne Treatment
• Others

LED Light Face Mask Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• B2B
  • Salons
  • Hospitals & Clinics
• B2C
  • Hypermarkets & Supermarkets
  • Pharmacy & Drugstores
  • Online
  • Others

LED Light Face Mask Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of the LED Light Face Mask Market

• LG
• CURRENTBODY
• Skin Gym
• MZ SKIN LIMITED
• Aduro
• Project E Beauty
• DMH Aesthetics
• Kahlia Skin
• Harpar Grace International (Déesse PRO)
• CELLRETURN

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.

Luxury Travel Market to Reflect a Holistic Expansion During 2022 to 2030: Grand View Research Inc.

 Luxury Travel Market Growth & Trends

The global luxury travel market size is expected to reach USD 2.32 trillion by 2030, registering a CAGR of 7.6% during the forecast period, according to a new report by Grand View Research, Inc. The growing desire to escape the stress, hustle-bustle, and routine of everyday life has driven the attraction for travelers. Moreover, the increasing life expectancy of people around the world and improved health conditions even in old age are encouraging more and more consumers to enjoy an active lifestyle. Growing economic and political stability across the globe regarding gender, ethnicity, sexual orientation, human rights, and less hustle in visa offerings are influencing tourists’ decisions over potential travel places across the globe.

Long-haul travelers are seeking to create unique holidays and are demanding flexible itineraries for a combination of entertaining and relaxing travel. The demand for customized and personalized travel for more convenient journeys is expected to accelerate the industry's growth. Moreover, the micro trip is a new trend in the industry, which is expected to boost the industry's growth in the forecasted period. Tourists are visiting more travel places in shorter periods. To stay and spend quality time during short time frames in a unique and remarkable type of accommodation is becoming trendy, thereby supporting industry growth. In terms of value, the safari & adventure segment dominated the industry in 2021.

This is owing to an increasing number of luxury travelers seeking to understand the local culture, gain a sense of adventure, and enjoy a less-crowded environment. Personalized safaris and adventures are gaining popularity among all age groups, which is also driving the segment growth. The Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. A rise in spending power and improving the standard of living are some of the key factors responsible for attracting customers to luxury travel. Demand for luxury travel for corporate events, corporate stays, and leisure trips is rising as more money is being injected into the economy.

Countries facing political instability, economic crises, and stringent Foreign Direct Investment (FDI) regulations are anticipated to witness steady growth. Companies are focusing on strategies, such as mergers and acquisitions, to gain higher industry share and increase their service footprint. In June 2021, Inspirato LLC, an innovative luxury travel subscription brand, and Thayer Ventures Acquisition Corp., a publicly traded special purpose acquisition company, entered into a definitive merger agreement that will result in Inspirato becoming a publicly listed company. This merger enabled the company to increase and broaden its service capabilities and bolster its package offerings.

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Luxury Travel Market Report Highlights

• The culinary travel & shopping tour segment dominated the global industry in 2021 and will expand further at a steady CAGR from 2022 to 2030
• The growing popularity of cooking programs on television influences people to travel abroad and experience local cuisines favoring the segment growth
• The millennial age group segment is expected to witness the fastest growth rate over the forecast period
• The Europe region was valued a USD 0.42 trillion in 2021 and is expected to register a significant CAGR over the forecast period
• This growth can be attributed to a rise in spending power and a high standard of living in the region

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Luxury Travel Market Segmentation

Grand View Research has segmented the global luxury travel market on the basis of tour, age group, and region:

Luxury Travel Tour Outlook (Revenue, USD Million, 2017 - 2030)

• Customized & Private Vacations
• Safari & Adventure
• Cruises, Yachting, & Small Ship Expeditions
• Celebration Journeys
• Culinary Travel & Shopping
• Others

Luxury Travel Age Group Outlook (Revenue, USD Million, 2017 - 2030)

• Millennial
• Generation X
• Baby Boomers
• Silver Hair

Luxury Travel Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of the Luxury Travel Market

• TUI Group
• Butterfield & Robinson Inc.
• Cox & Kings Ltd.
• Scott Dunn Ltd.
• Abercrombie & Kent USA, LLC
• Lindblad Expeditions
• Geographic Expeditions, Inc.
• Micato Safaris
• Exodus Travels Limited
• Travel Edge (Canada) Inc.

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.

Online Laundry Services Market to Reflect Robust Expansion During 2022-2030

 

Online Laundry Services Market Growth & Trends

The global online laundry services market is expected to reach USD 221.05 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 30.5% from 2022 to 2030. Busy working schedules coupled with increasing women’s participation in the workforce are major factors fueling the adoption of online laundry services among urban consumers. In addition, the demand is fueled by shifting consumer preferences and improving living standards on a global level.

The rising economic stability of middle-class consumers in emerging markets is driving the demand for clothes, which has spurred demand for online laundry services. Additionally, the increasing population and rising tourism activities play key factors in the augmented demand for online laundry services in the hospitality sector. These factors are anticipated to boost the market growth in the commercial sector over the forecast period.

The increasing number of hotels, hospitals, restaurants, and other commercial setups has led to a rise in the demand for online laundry services. Moreover, companies are striving to employ innovative technologies to introduce new products to the market. For instance, in April 2019, Girbau, S.A. launched a washing machine that supports a capacity of 85kg. The product can reach a high extract speed of up to 405 G-force, which allows moisture removal and shortens drying time by 50%.

In terms of value, the laundry care segment dominated the market and is expected to account for the largest market share in the forecast period. The shifting trend toward clean homes & clothes and the growing importance of good health among consumers are factors driving the segment. Increasing environmental awareness has given rise to the trend of cold washing of clothes, which requires low temperature and high-performance detergents

North America held the largest market share in 2021, owing to the growing population of health-conscious consumers in the region has resulted in an increase in the usage of laundry services. The shifting trend toward hygiene and cleanliness among consumers, particularly in developed countries like the U.S. has increased the demand for cleaning products.

Companies in the market are focusing on strategies such as mergers and acquisitions in order to gain market share and increase their service footprint. In June 2019, Laundrapp Ltd. announced its merger with Zipjet Ltd., a Berlin-based on-demand laundry and dry-cleaning company. In addition, the company completed a funding round from existing investors, which include Hargreave, Toscafund, Hale VCT, Henkel, and Rocket Internet for an undisclosed amount.

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Online Laundry Services Market Report Highlights

• Dry clean was valued at USD 5.50 billion in 2021 and is expected to reach USD 54.79 billion by 2030. The growing awareness about the advantages of dry cleaning among consumers also drives the demand
• Commercial segment is expected to witness substantial growth over the forecast period with a CAGR of 31.3% from 2022 to 2030. An increasing number of hotels and hospitals is expected to provide growth opportunities to online laundry service providers over the forecast period
• Asia Pacific was valued a USD 4.38 billion in 2021 and is expected to register a CAGR of 34.2% over the forecast period. The growth in the region is majorly attributed to improving economic stability and living standards in developing economies, such as India, China, and Indonesia

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Online Laundry Services Market Segmentation

Grand View Research has segmented the global online laundry services market based on service, application, and region:

Online Laundry Service Outlook (Revenue, USD Million, 2017 - 2030)

• Laundry Care
• Dry Clean
• Duvet Clean

Online Laundry Services Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial

Online Laundry Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in Online Laundry Services Market

• DhobiLite
• CLEANLY, Inc.
• FlyCleaners
• Laundrapp Ltd
• Zipjet Ltd
• Rinse, Inc.
• Mulberrys Garment Care
• Laundryheap Ltd.
• WASHMEN
• IHATEIRONING

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.

Philippines Demand for Remittance Market Increasing in Most Part of World 2030

 Philippines Remittance Market Growth & Trends

The Philippines remittance market size is expected to reach USD 1.84 billion by 2030, growing at a CAGR of 13.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the initiatives taken by the Philippines government, such as financial literacy programs and the adoption of the ‘International Day of Family Remittances’. Furthermore, the increasing adoption of banking services across the country is another major factor expected to create new growth opportunities for the Philippines remittance industry.

According to the World Bank Group, it is expected that remittances to Low- and Middle-Income Countries (LMICs) will increase by 4.2% in 2022, reaching USD 630 billion. This comes on the heels of a near-record recovery of 8.6% in 2021, thereby expected to drive the growth of the industry. Moreover, the huge number of Overseas Filipino Workers (OFWs) employed in several countries are also contributing to the growth of the market. For instance, according to Philippines Statistics Authority, the total number of OFWs was estimated at 1.77 million from April to September 2020.

Additionally, the Philippines-based remittance service providers are continuously implementing new technologies, such as the integration of blockchain technology in the remittance platform for faster money transfers. For instance, in August 2022, a blockchain infrastructure company called Roxe announced its partnership with Cebuana Lhuillier, a money transfer service provider. This partnership aimed to enable clients in the Philippines to execute seamless cross-border remittance payments by combining Cebuana Lhuillier's extensive fund distribution methods and the Roxe blockchain network.

During the COVID-19 pandemic, the lockdown was imposed, which shifted people's attention towards digital means and technology. However, at the same time, in October 2020, ING and UNICEF introduced the 'Fintech for Impact' initiative to support fintech start-ups across the country. The top five start-ups, including BeamAndGo Pte Ltd, were chosen to receive equity-free financing as well as technical and commercial mentoring from ING, UNICEF, and other professionals for a year.

The selection of BeamAndGo was anticipated to the addition of functionality of helping migrants and their families to make responsible spending decisions for the household and manage their finances through its non-cash remittance services. Hence, such initiatives proved to be helpful for market growth during the COVID-19 pandemic.

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Philippines Remittance Market Report Highlights

• The digital segment is expected to register the fastest growth during the forecast period. The growing internet penetration among Filipinos can be attributed to the segment's growth
• The inward remittance segment dominated the market in 2021, attributed to the high migration rate of Filipinos in search of better job opportunities
• The online platforms (wallets) segment is expected to witness the fastest growth over the forecast period. The developing infrastructure for online money transfer across the country is one of the major factors anticipated to drive the segment's growth
• The personal segment is expected to witness the fastest growth over the forecast period, attributed to the growing use of remittance platforms for sending money for household purposes

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Philippines Remittance Market Segmentation

Grand View Research has segmented the philippines remittance market based on mode of transfer, type, channel, and end-use.

Philippines Remittance Mode of Transfer Outlook (Revenue, USD Million, 2017 - 2030)

• Digital
• Traditional (Non-digital)

Philippines Remittance Type Outlook (Revenue, USD Million, 2017 - 2030)

• Inward Remittance
• Outward Remittance

Philippines Remittance Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Banks
• Money Transfer Operators
• Online Platforms (Wallets)

Philippines Remittance End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Migrant Labor Workforce
• Personal
• Small Businesses
• Others

List of Key Players in the Philippines Remittance Market

• PayPal Holdings, Inc.
• Worldremit Group Limited
• Union Bank of the Philippines
• The Western Union Company
• MoneyGram International, Inc.
• Cebuana Lhuillier
• LBC Express Holdings
• MLhuillier
• Palawan Pawnshop
• RD Pawnshop

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.

Bathroom And Toilet Assist Devices Market Size, Industry Share And Growth Analysis For 2022-2030: Grand View Research Inc.

 Bathroom And Toilet Assist Devices Market Growth & Trends

The global bathroom and toilet assist devices market size is anticipated to reach USD 8.23 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% from 2022 to 2030. Growth in the prevalence of chronic diseases, coupled with an aging population, is resulting in a rise in the population with disabilities. According to Spinal Cord Injury Data Sheet from the National SCI Statistical Center (NSCISC) 2019, approximately 17,730 new spinal cord injuries are reported each year in the U.S. Aging demographics have created a demand for old-age homes and long-term care centers, both of which drive demand for bathroom and toilet to assist devices.

COVID-19 is expected to have a minimal impact on the market growth. Old age people are advised to stay at home during the lockdown, which has increased the demand for bathroom and toilet assist devices. However, the decrease in the number of road accidents has reduced the device’s requirement for disabled people. However, as lockdown restrictions are being lifted in most countries, the supply chains of most healthcare companies are expected to work effectively and smoothly over the forecast period.

Furthermore, rapidly growing demand for home healthcare services can be attributed to the growing workforce pertaining to this field. This is, in turn, expected to serve this market as a driver. As per the U.S. Bureau of Labor Statistics, the rank of home health and personal care aides is expected to increase by 13 million in 2020 (a 70.0% increase from 2010). Additionally, the demand for home healthcare among the aging population is increasing as they are at a higher risk of acquiring COVID-19 infection and cannot visit any healthcare facilities. This is likely to increase the market growth during the forecast period.

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Bathroom And Toilet Assist Devices Market Report Highlights

• The commodes product segment dominated the market in 2021 with a revenue share of over 19.0%. Commodes are covered under Medicare Part B (Medical Insurance) as durable medical equipment when recommended by a doctor. This is a key factor propelling the segment growth. Commodes are further sub-segmented into shower and toilet commodes and toilet commodes
• North America dominated the market with a revenue share of over 35.0% in 2021 owing to the presence of well-defined regulatory guidelines and reimbursement policies for the treatment of patients with disabilities in the region
• Asia Pacific is estimated to exhibit the highest CAGR of 6.9% over the forecast period. This can be attributed to the rising pool of patients with chronic diseases, growth in funding for personal assistance products, and initiatives to increase awareness regarding bathroom and toilet assist tools

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Bathroom And Toilet Assist Devices Market Segmentation

Grand View Research has segmented the global bathroom and toilet assist devices market on the basis of product and region:

Bathroom & Toilet Assist Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Shower Chairs & Stools
  • Shower Chairs
  • Shower Stools
• Bath Lifts
  • Fixed Bath Lifts
  • Reclining Bath Lifts
  • Lying Bath Lifts
• Toilet Seat Raisers
• Commodes
  • Shower & Toilet Commodes
  • Toilet Commodes
• Handgrips & Grab Bars
• Bath Aids

Bathroom & Toilet Assist Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Bathroom And Toilet Assist Devices Market

• ArjoHuntleigh
• Carex Health Brands
• Bischoff & Bischoff
• Invacare Corporation
• Medical Depot, Inc.
• Prism Medical UK
• Etac AB
• Handicare Group AB
• Sunrise Medical LLC
• GF Health Products, Inc.

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.

Portable Fire Extinguishers Market Predicted to Witness Steady Growth During the Forecast Period

 

Portable Fire Extinguishers Market Growth & Trends

The global portable fire extinguishers market size is expected to reach USD 19.98 billion by 2030, registering a CAGR of 9.1% over the forecast period, according to a new report by Grand View Research, Inc.the increasing awareness among customers about these products is expected to boost the industry growth. In addition, the rising product demand from the manufacturing industry and commercial & officebuildings is driving the industry. The COVID-19 pandemic affected the global economy. To break the chain and virus spread, lockdown orders were imposed by various countries around the world. This had a devastating impact on the supply chain, applications, and trade & development of the portable fire extinguisher industry.

Moreover, therewas a reduction in the number of installations of new fire extinguishers in commercial and industrial applications. The increasing demand for eco-friendly fire suppression systems is expected to open growth opportunities for the industry. For instance, in 2020, Win Time Technology of Taiwan introduced a revolutionary, eco-friendly fire extinguisher at the annual meet of NoAW (No Agriculture Waste), a European Horizon 2020 research & development project. Later on, the product received widespread recognition from more than 20 countries. In terms of value, the dry chemical segment dominated the industryin 2021.

Dry chemical extinguishers comprise a non-flammable substance that can extinguish different types of fires by forming a layer and cutting off the air supply. They are relatively cost-effective as compared to clean agent extinguishers, which may accelerate segment growth. Asia Pacific held the largest revenue share in 2021 owing to the high awareness levels about fire safety among end-users and the growth of construction activities in emerging economies, such as China and India. Moreover, the increasing demand for smart buildings and intelligent home automation systems, which deliver optimum safety and security, are expected to drive product adoption in Asia Pacific.

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Portable Fire Extinguishers Market Report Highlights

• The non-residential application segment led the industry in 2021 due to the rapid growth of the commercial and industrial sectors
• The class B fire type segment is expected to witness substantial growth over the forecast period
• Class B fire extinguishers are used for a fire involving flammable and combustible liquids
• Asia Pacific was the dominant region in 2021 and is expected to register the fastest CAGR over the forecast period
• The growth of the region is majorly attributed to the need for large infrastructures in developing economies, such as India and China

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Portable Fire Extinguishers Market Segmentation

Grand View Research has segmented the global portable fire extinguishers market on the basis of agent, fire type,application, and region:

Portable Fire Extinguishers Agent Outlook (Revenue, USD Million, 2017 - 2030)

• Dry Chemical
• Carbon Dioxide
• Water
• Foam
• Others

Portable Fire Extinguishers Fire Type Outlook (Revenue, USD Million, 2017 - 2030)

• Class A
• Class B
• Class C
• Class D
• Class K

Portable Fire Extinguishers Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Non-residential

Portable Fire Extinguishers Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Portable Fire Extinguishers Market

• Raytheon Technologies Corp.
• Johnson Controls International Plc
• Morita Holdings Corp.
• Hochiki Corp.
• Amerex Corp.
• Ceasefire Industries Pvt. Ltd.
• Activar Inc.
• Yamato Protec Corp.
• FlameStop Australia Pty. Ltd.
• Feuerschutz Jockel GmbH & Co.
• Britannia Fire Ltd.
• Minimax
• Kanex Fire

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.

Decentralized Identity Market to Expand with Significant CAGR During 2023 – 2030: Grand View Research Inc.

 Decentralized Identity Market Growth & Trends

The global decentralized identity market size is expected to reach USD 102.0 billion by 2030, expanding at a CAGR of 90.3% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The ineffectiveness of conventional identity management practices and rising incidences of security breaches have fueled the demand for decentralized identity platforms. The increasing adoption of such decentralized identity platforms by businesses and individuals is further expected to drive the market over the forecast period.

Additionally, several regulatory bodies and monetary organizations have launched guidelines to enable users to leverage digital identity platforms. For instance, in April 2020, the Arab Monetary Fund (AMF) published the latest guidelines for Electronic Know Your Customer (e-KYC) to enable the onboarding of new banking customers remotely through non-face-to-face authorization. Hence, initiatives aiming at utilizing digital identity platforms are expected to create new growth opportunities for the market over the forecast period.

Decentralized identification is an emerging concept that restores consumers' control over their identities by enabling them to acquire verifiable information from certified issuers through an identity wallet, such as the Government. Users can effectively control their online identity and privacy by restricting what data is conveyed from the wallet to a third person. Furthermore, decentralized IDs would assist individuals who have been the targets of a security breach due to the negligence of a third person.

The COVID-19 pandemic is expected to play a significant role in driving the market over the forecast period. With the growing digitalization owing to the pandemic outbreak globally, there is an increasing need to protect online users' identities. Verifying user identities and securely storing them depend greatly on decentralized identity.

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Decentralized Identity Market Report Highlights

• The biometric segment is anticipated to register the fastest growth rate over the forecast period. The increasing launch of biometric identification platforms by some of the major firms, including, Innovatrics and IDEMIA, is expected to drive the segment
• The individual segment is projected to register the fastest growth rate over the forecast period. Decentralized identity is used by individuals owing to benefits such as privacy and security concerns, which is a major factor expected to propel the segment growth
• The small and medium enterprises segment is anticipated to emerge as the fastest growing segment over the forecast period. The growth of the segment can be attributed to the growing digitalization across all SMEs worldwide
• The BFSI segment dominated the market in 2022. The banking firms adopting decentralized identity solutions to reduce identity fraud is one of the major factors propelling the segment growth
• Asia Pacific is projected to register the fastest growth rate over the forecast period. The increasing demand for decentralized identity solutions across the region is anticipated to play a vital role in driving the regional market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-decentralized-identity-market

Decentralized Identity Market Segmentation

Grand View Research has segmented the global decentralized identity market based on identity type, end-user, enterprise size, vertical, and region:

Decentralized Identity Type Outlook (Revenue, USD Million, 2019 - 2030)

• Biometric
• Non-biometric

Decentralized Identity End-user Outlook (Revenue, USD Million, 2019 - 2030)

• Individual
• Enterprises

Decentralized Identity Enterprise Size Outlook (Revenue, USD Million, 2019 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Decentralized Identity Vertical Outlook (Revenue, USD Million, 2019 - 2030)

• BFSI
• Government
• Healthcare & Life Sciences
• Retail& E-commerce
• Telecom & IT
• Transport & Logistics
• Real Estate
• Media & Entertainment
• Travel & Hospitality
• Others

Decentralized Identity Regional Outlook (Revenue, USD Million, 2019 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of Decentralized Identity Market

• Microsoft Corporation
• Accenture plc
• Wipro Limited
• SecureKey Technologies Inc.
• Persistent Systems Limited
• Avast Software s.r.o.
• Civic Technologies, Inc.
• R3
• Validated ID, SL
• Dragonchain
• Nuggets
• 1Kosmos Inc.

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.

Adjustable Beds & Mattress Market Soaring Demand Assures Motivated Revenue Share By 2030

 Adjustable Beds & Mattress Market Growth & Trends

The global adjustable beds & mattress market size is expected to reach USD 13.34 billion by 2030, registering a CAGR of 8.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. The increased time spent at home due to the COVID-19 pandemic has led people to redecorate their home furnishings. In addition to working from home and night shifts, people are often deprived of sleep due to back pain, less lumbar support, and the non-flexibility of spine curves; this has contributed to product sales. The hospitality sector benefitted from the pandemic since individuals spent more time traveling and experiencing new things rather than staying at home post-pandemic.

The renovation of hotels and restaurants is one strategy that hoteliers are using to draw in more customers, which has led to a huge increase in retail furniture sales. The adjustable beds segment dominated the industry and is anticipated to remain dominant throughout the forecast period. This segment features beds in various sizes, such as single and double. Consumers prefer adjustable bases that fit into the bed frames so that they do not have to sacrifice the power reclining and also the headrest. North America held the largest revenue share in 2021 owing to the rise in cases of back pain issues, specifically among the aging population across the globe.

According to a survey conducted by The Good Body in 2022, Around 80 million working Americans, or 50% of the population, report having annual back pain symptoms. Manufacturers are introducing innovative technologies incorporated into various beds & mattress designs while providing good utility. Modern mattress technology and individual sleep goals can be aligned owing to developments in mattresses like AirFoamTM. People are making better decisions with their bedding systems as a result of their increased awareness of the link between sleep quality and quality of life. Thus, developments in the production process are a top priority of the key industry players.

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Adjustable Beds & Mattress Market Report Highlights

• The adjustable beds segment is expected to register a steady CAGR over the forecast period. The increasing construction activities of residential buildings, hotels, and restaurants boost the product demand, thereby supporting the segment growth
• The offline segment is expected to register the fastest CAGR over the forecast period due to increased product sales through hypermarkets, specialty stores, etc. as adjustable beds and mattresses majorly consist of electronic features that are best suited to buy after testing
• The non-residential segment is expected to witness substantial CAGR from 2022 to 2030 as hoteliers mainly focus on the comfort of the customers
• North America was the largest region in 2021 and will expand further at a steady CAGR during the forecast period
• BEDGEAR, one of the key players, launched their first branded Flex adjustable bases, which are highly durable and lightweight

Access Press Release@ https://www.grandviewresearch.com/press-release/global-adjustable-beds-mattress-market

Adjustable Beds & Mattress Market Segmentation

Grand View Research has segmented the global adjustable beds & mattress market based on product, distribution channel, end-user, and region:

Adjustable Beds & Mattress Product Outlook (Revenue, USD Million, 2017 - 2030)

• Adjustable Beds
  • Single
  • Double
• Adjustable Mattress
  • Memory Foam
  • Latex Foam
  • Hybrid

Adjustable Beds & Mattress Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

Adjustable Beds & Mattress End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Non-residential

Adjustable Beds & Mattress Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Australia
• South America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players in Adjustable Beds & Mattress Market

• Amerisleep
• Boyd Sleep
• Ergomotion
• Glideaway
• Leggett & Platt, Inc.
• Serta, Inc.
• Southerland Sleep
• Tempur Sealy International,
• The Sleepwell Company
• Sealy Technology LLC
• Sleep Number Corp.

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.

PTA Balloon Catheter Market Booming Trends and Forecast Assessment for the Period 2022 to 2030

 PTA Balloon Catheter Market Growth & Trends

The global PTA balloon catheter market size is expected to reach USD 6.0 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.92% from 2022 to 2030. The increasing incidence of peripheral artery disorder and the rising number of Percutaneous Coronary Intervention (PCI) procedures in developing countries are key factors driving the market.

The adoption of a sedentary lifestyle by most of the population has increased the prevalence rate of various types of cardiovascular diseases worldwide. An increase in the number of cases of cardiovascular diseases across the globe is expected to boost the adoption of various procedures-such as cardiac catheterizations, angioplasty, and Percutaneous Coronary Intervention (PCI)-to treat such conditions, wherein PTA balloon catheters are among the essential requirements.

The COVID-19 pandemic resulted in a decline in the number of patient encounters, leading to a reduction in the demand for surgical procedures, thereby impacting the industry growth. According to Elsevier, the number of coronary angioplasty surgeries was 11.2% in 2020, which is lower than the previously reported data. According to the National Library of Medicine, the U.S. witnessed a 52.7% decline in adult cardiac surgeries in 2020. In the later phase, as the restrictions were lifted in several countries, the volume of cardiac and peripheral surgical procedures increased. This is expected to increase the demand for angioplasty surgical devices such as PTA balloon catheters.

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PTA Balloon Catheter Market Report Highlights

• North America dominated the market in 2021. This can be attributed to the higher product availability, high demand for surgical procedures, and better awareness in the region
• Asia Pacific is expected to exhibit the fastest growth rate during the forecast period due to government initiatives and increasing incidence of target disorders
• Supportive government regulations to commercialize medical devices in Latin America are expected to impel industry growth. For instance, most Latin American countries only require the U.S. FDA or CE mark approval for filing marketing approvals
• Incorporation of the latest health technologies, partnerships and collaborations, product expansion, and mergers & acquisitions are some of the strategies being adopted by key players to gain a competitive edge in the market. For instance, in February 2022, Boston Scientific Corporation acquired Baylis Medical Company, Inc., a medical device company primarily providing solutions to support catheter-based left heart procedures
• The shortage of cardiac surgeons worldwide is a big concern. Low-income countries are facing this issue more severely. For instance, North Africa has only one surgeon per 1.1 million people. This is resulting in restricting the number of surgeries that could be performed, hindering industry growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-pta-balloon-catheter-market

PTA Balloon Catheter Market Segmentation

Grand View Research has segmented the global PTA balloon catheter market based on region:

PTA Balloon Catheter Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia

List of Key Players in PTA Balloon Catheter Market

• Medtronic
• Terumo Corporation
• Cardinal Health
• Boston Scientific Corporation
• Natec Medical
• Cook Medical
• Biotronik
• Surmodics, Inc.
• Andratec

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.