Light Car Trailer Market is Anticipated to Upgrade USD 2.12 Billion Revenue By 2030: Grand View Research Inc.

 Light Car Trailer Market Growth & Trends 

The global light car trailer market size is expected to reach USD 2.12 billion by 2030, expanding at a CAGR of 3.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The rapid growth of the tourism sector due to high disposable income and the rising inclination of people towards recreational activities across the world is driving the market. Additionally, light car trailer manufacturers are focusing on developing customizable and cost-effective trailers according to specific customers’ demands, in turn, driving the market. Furthermore, it provides low cost in the transportation of goods such as cargo items, perishable goods, building supplies, and loose materials, which, in turn, stimulates industry expansion. 

Rising demand for recreational vehicles, which can be used for camping, site seeing, traveling, and other recreational activities, is propelling the industry growth. Light car trailer has enclosed insulated walls and ceilings, furnace and air conditioner, and additional storage space and is lightweight, agile, and cost-effective, thus they are widely preferred over other recreational vehicles in the market. The prominent players in the market are focusing on numerous R&D initiatives for the development of cutting-edge car trailers, which are fueling the demand for light car trailers. For instance, in June 2021, Felling Trailers, Inc. added Cargo/Pole/Dump trailer to the company’s utilities-based product line. The multi-use capabilities of the PCD trailer can potentially ensure several years of reliable and trouble-free service while saving time for operators. 

The North American region held a dominant share in 2021. Increasing use of light car trailers for recreational activities, rising adoption of light car trailers for transportation, and growing regional manufacturers’ investment in research of new techniques for developing light car trailers are significant factors contributing to the growth of the regional market. In addition, increasing preferences for solo trips and recreational activities such as watersports, off-road motorbiking, and camping in countries such as the U.S. and Canada are creating demand for motorcycle, snowmobile, and watercraft trailers in the region. Light car trailers are lightweight, cost-effective, suitable for personal use, and can carry heavy loads; thus they are widely preferred over other trailers in the industry. 

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Light Car Trailer Market Report Highlights

• The Asia Pacific region is expected to witness considerable growth over the forecast period owing to the increased use of utility light car trailers for transporting cargo goods in countries such as China, Japan, and India
• The rising levels of disposable income and the growing interest in traveling, trekking, camping, and other recreational, leisure, and adventure activities are driving the demand for light car trailers
• Light car trailers are widely preferred for hauling snowmobiles and watercraft, which are used in recreational activities. A boost in recreational activities is expected to have a cascading effect on the market growth
• Increasing light car trailer manufacturers’ investment in developing ultra-lightweight and technologically advanced light car trailers is driving the market
• Government inclination to boost the existing tourism sector majorly in developing nations of the world has proportional effects on surging demand for light car trailers

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Light Car Trailer Market Segmentation 

Grand View Research has segmented the global light car trailer market on the basis of type, axle, product, design, and region:

Light Car Trailer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Utility Light Car Trailer
• Recreational Light Car Trailer

Light Car Trailer Axle Outlook (Revenue, USD Million, 2018 - 2030)

• Single Axle Light Car Trailer
• Multi Axle Light Car Trailer

Light Car Trailer Product Outlook (Revenue, USD Million, 2018 - 2030)

• OEM
• Motorcycle Light Car Trailer
• Snowmobile Light Car Trailer
• Watercraft Light Car Trailer
• Passenger Vehicle Light Car Trailer

Light Car Trailer Design Outlook (Revenue, USD Million, 2018 - 2030)

• Enclosed Trailer
• Open Trailer

Light Car Trailer Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Rest of the World 

List of Prominent Players in the Light Car Trailer Market

• Aluma Ltd.
• ATC Trailers Holdings, Inc.
• Felling Trailers, Inc.
• Haulmark Industries, Inc.
• Kaufman Trailers, Inc.
• Pace American, Inc.
• Woodford Trailers Ltd.
• Sylvansports
• Sundowner Trailers, Inc.
• Diamond C Trailer (RoadClipper Enterprise, 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.

Luxury Watch Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Luxury Watch Market Growth & Trends

The global luxury watch market size is expected to reach USD 62.25 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 5.2% over the forecast period. The major factors that drive the growth are increasing awareness about brands that have influenced westernization and the inherent need for exclusivity. The rapidly increased demand for luxury watches from women also drives the industry. Rising penetration of the e-commerce sector will create ample opportunity for industry growth over the forecast period. The high cost of luxury watches, as well as the rapid rise in the price of the production process, hampers the growth.

The COVID-19 pandemic had a negative impact on the market. The COVID-19 pandemic affected manufacturing activities and disrupted the distribution network of the market internationally. Product sales in Europe and North America were largely affected due to the prolonged lockdown and restrictions on movements. In 2020, the Swiss watch shipment fell by around 22% in value terms while it declined by 33% in volume terms. The market is expected to recover considerably over the forecast period. The mechanical product segment is expected to register the fastest growth rate during the forecast period.

Mechanical luxury watches are largely preferred over electronic watches as they have a larger number of tiny parts inside and have a lengthy and laborious manufacturing process. A large number of mechanical watch buyers are discerned, and therefore the buyer cares about the tiny details, one that appreciates history and heritage. Mechanical watch demand is growing at a rapid pace. Asia Pacific dominated the global industry in 2021 and is expected to grow at a considerable CAGR over the forecast period. This is attributed to a rise in economic development in countries, such as India, China, and Japan, leading to a higher standard of living.

This led to the concentration of a large number of people in the region. China is the largest market for luxury watches in the region owing to the presence of a high-net-worth population. In addition, major players are making their presence in this region, which acts as one of the key growth drivers for the industry's development. Companies are working on new product development to get a competitive advantage over others. For instance, in 2019, Rolex SA had come up with a 2019 collection with 6 new models, such as YACHT master 42, Sea-Dweller, GMT master II, Day-Date 60, Datejust 36, and Datejust 31.

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Luxury Watch Market Report Highlights

• North America is expected to register a steady CAGR over the forecast period due to rising consumer awareness about a fit and healthy lifestyle
• In addition, evolution in the fashion industry is expected to be the major driving factor for regional growth
• The electronic watch segment led the industry in 2021due to the greater accuracy and they often have a few extra functions, such as the countdown and multiple alarms
• The online distribution channel segment is expected to grow at the fastest CAGR over the forecast period. Companies are increasing their online retail to further support the increasing sales globally
• Moreover, key companies are now concentrating on social media platforms and online distribution channels for online marketing as well as branding their products to attract more customers

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Luxury Watch Market Segmentation

Grand View Research has segmented the global luxury watch market on the basis of product, distribution channel, and region:

Luxury Watch Product Outlook (Revenue, USD Million, 2017 - 2030)

• Electronic
• Mechanical

Luxury Watch Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

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

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

List of Key Players in the Luxury Watch Market

• Apple Inc.
• The Swatch Group Ltd.
• Audemars Piguet Holding S.A.
• Fossil Group, Inc.
• Citizen Watch Company of America, Inc.
• Seiko Watch Corp.
• Compagnie Financiere Richemont SA
• LVMH Moet Hennessy-Louis Vuitton
• Movado Group Inc.
• Ralph Lauren 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.

Foot Orthotic Insoles Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Foot Orthotic Insoles Market Growth & Trends

The global foot orthotic insoles market size is expected to reach USD 5.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 6.9% from 2022 to 2030. An increase in the obese and geriatric population is the major factor that drives the growth. A rise in the demand for customized foot orthotic insoles is anticipated to provide ample opportunity for the market over the forecast period. The initial price of buying orthotic insoles is depressing healthcare providers as well as individuals from investing in them which is expected to contract demand. Also, limited awareness across emerging countries is likely to hamper the product’s penetration.

The COVID-19 pandemic has negatively impacted the growth of the foot orthotic insoles industry. Key players observed a drop in revenue in their orthotic business segments during the pandemic. However, the industry observed a resurgence in the sales figures of foot orthotic insoles in 2021. For instance, Hanger Inc. saw a drop in revenues in its business segment during 2020 compared to the same period in 2019. Though, in 2021 the company observed a rise in its revenue. The market is expected to grow considerably over the forecast period.

The thermoplastics segment accounted for the largest revenue share of over 55.0% in 2021. The high adoption of thermoplastic material for the manufacturing of foot orthotic insoles largely reduces plantar pressure. Therefore, this material is the foremost choice for manufacturers owing to its increased benefits. The increase in the implementation of these insoles for sports and athletic activities has surged the demand for effective shock-absorbing insole materials. Therefore, the thermoplastics segment generated large revenue in 2021.

North America acquired the largest revenue share in 2021. The large prevalence of diabetes, an increase in sports activities, and technological developments owing to large investments in R&D drive regional growth. According to estimates released by Milford Podiatry Associates, about 19% of the U.S. population suffers from an average of 1.4-foot problems annually. The increasing prevalence of foot disorders from underlying chronic conditions and external injuries is driving growth in this region.

Major market players include Reckitt Benckiser Group PLC; Hanger Inc.; Ottobock SE & Co. KGaA; Ossur hf; Algeo Limited; Bauerfeind AG; Groupe Gorge; Colfax Corporation; Superfeet Worldwide Inc.; Materialise NV; and Blatchford Group Limited. Several global manufacturers who have core competencies, as well as technical expertise, are taking efforts to manufacture and develop novel products that will attract more customers. Aetrex Worldwide Inc., for instance, manufactures a host of orthotics products that are largely suitable for patients suffering from plantar fasciitis, flat feet, high arches, heel pain, arch, ball of foot discomfort, and foot aches arising from standing professions.

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Foot Orthotic Insoles Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR over the forecast period, attributed to an increasing in investment in health care infrastructure, an increase in disposable income of people, a developing economy, and a large population base with chronic diseases and other foot pain conditions
• The composite carbon fiber segment is likely to grow at the fastest CAGR from 2022 to 2030. Most athletes use these insoles as the material claims to store the energy and direct it toward the ground, surging speed while increasing energy efficiency, thus it is expected to grow at a considerable CAGR over the forecast period
• The prefabricated segment is likely to grow at the fastest CAGR over the forecast period. This is attributed to the rising consumer awareness regarding foot orthotic insoles among people with situations such as plantar fasciitis, and foot arch problems
• The drug stores segment is likely to grow at the fastest CAGR over the forecast period. This is attributed to the rapid expansion of drug stores all around the world, mostly in emerging regions

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Foot Orthotic Insoles Market Segmentation

Grand View Research has segmented the global foot orthotic insoles market based on material, type, distribution channel, and region:

Foot Orthotic Insoles Material Outlook (Revenue, USD Million, 2017 - 2030)

• Thermoplastics
• Composite Carbon Fiber
• Others

Foot Orthotic Insoles Type Outlook (Revenue, USD Million, 2017 - 2030)

• Pre-fabricated
• Custom-made

Foot Orthotic Insoles Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Drug Stores
• Hospitals & Clinics
• Others

Foot Orthotic Insoles Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Foot Orthotic Insoles Market

• Reckitt Benckiser Group PLC
• Hanger Inc.
• Ottobock SE & Co. KGaA
• Össur hf
• Algeo Limited
• Bauerfeind AG
• Groupe Gorge
• Colfax Corporation
• Superfeet Worldwide Inc
• Materialise NV
• Blatchford Group Limited

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.

Dental Service Organization Market Advanced Technologies and Growth Opportunities Worldwide By 2030

 Dental Service Organization Market Growth & Trends

The global dental service organization market size is expected to reach USD 454.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 15.8% from 2023 to 2030. Dental service organizations are independent business support owners that provide a dental practice with critical business management and support including non-clinical operations. The services offered by the DSOs include facility maintenance, supply procurement, human resources, compliance, accounting, and marketing services.

DSOs are private equity back entities and are growing significantly as it lowers the burden of administrative work on dental practitioners and helps them to focus more on dental treatments. Key implant manufacturers like Institut Straumann and Dentsply Sirona which capture major market share in the region have undertaken new initiatives like collaborating with dental service organizations for the distribution of dental equipment.

A single DSO represents hundreds of clinics and dentists, including generalists, specialists, and technicians which makes partnerships of implant manufacturers with DSOs more fruitful by providing a consistent flow of orders. As per Harris Williams, an investment banking company in the U.S, the DSO market has room for significant growth globally as the demand for dental treatments is on the rise.

The advent of COVID-19 impacted the dental services market as the pandemic resulted in offices temporarily shutting down practices. However, as per Dental Tribune, many mergers and acquisitions in the DSO market were witnessed post-pandemic and this will help in the market growth during the forecast period.

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Dental Service Organization Market Report Highlights

• The Others segment is projected to dominate the market throughout the forecast period. Services such as leasing, compliance, facility maintenance, technical support, etc play a very crucial role in running a dental practice
• The Medical Supplies procurement service segment is projected to grow fast over the forecast period as It significantly eases the process of supply purchase for a dental practice.
• General Dentists by end-use segment dominated the market owing to the fact that the majority of the general dentists are getting affiliated with the DSOs to provide effective treatment
• North America accounted for the highest share of the dental service organization market due to high awareness of dental treatments and the rise in the number of mergers and acquisitions in the DSO market.
• Asia Pacific is expected to grow at a CAGR of 17.2% owing to the rising awareness and adoption of dental services in Asian countries.

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Dental Service Organization Market Segmentation

Grand View Research has segmented the global dental service organization market based on services, end-use, and region:

Dental Service Organization By Service Outlook (Revenue, USD Million, 2018 - 2030)

• Human Resources
• Marketing and Branding
• Accounting
• Medical Supplies procurement
• Others

Dental Service Organization End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Dental surgeons
• Endodontists
• General dentists
• Others

Dental Service Organization Region Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Dental Service Organization Market

• Pacific Dental
• Heartland Dental
• Aspen Dental
• DentalCare Alliance
• 42North Dental
• Colosseum Dental Group
• GSD Dental Clinics
• Dentelia
• MB2 DENTAL

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.

Global Market For Home Textile to Witness Tremendous Growth and Expansion by 2030

 Home Textile Market Growth & Trends

The global home textile market size is expected to reach USD 185.97 billion by 2030, expanding at 5.7% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The home textile & bedding industry is in a state of flux. Shifting retail models, along with changing consumer preferences, encourages manufacturers to continuously implement new strategies to combat challenges. The overall business arena is undergoing a disruption owing to the rapid adoption of online retailing.

Organic fiber-based materials have witnessed an increased demand over the years. Several consumers have been showing a preference for organic cotton as well as for certifications such as Oeko-Tex, which ensure that no toxic chemicals are used while manufacturing the product. In January 2021, Mitchell Gold + Bob Williams launched its first exclusive bedding line, and the collection comprises of an array of textures and subtle colors. Every piece in the line has Oeko-Tex Certification. Thus, organic and natural products that are eco-friendly, as well as toxin-free, have been gaining traction.

Manufacturers, to produce quality products, have been using the most modern technologies and are thus, continuously updating their manufacturing facilities. The manufacturing of home textile products can be initiated with low-to-medium capital investment and thus, a plethora of manufacturers have entered the picture. With the changes in consumer buying behavior, high-end products have also been experiencing traffic.

The e-commerce market is expected to progress at a faster rate than the offline market in the coming years. The concept of the bed-in-a-box has been gaining popularity among consumers, which is expected to contribute to the growth of online distribution channels over the forecast period. Benefits such as convenient and hassle-free purchasing, free delivery by many companies, and the availability of a wide variety of products to suit everybody’s size and sleeping style have significantly contributed to the popularity of this trend.

Manufacturers and retailers in the industry have been leveraging all consumer touchpoints to move consumers beyond replenishment and inspire them to purchase new products, which has resulted in the collaboration and coordination of hundreds of workers at multiple companies around the globe. This complex and tightly interconnected network can have significant implications on the price, quality, and availability of products that customers ultimately see at the end of the supply chain.

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Home Textile Market Report Highlights

• Home textile products, including bed linen, made using natural fabrics have been in demand for a decade now. However, the demand for natural materials has seen significant growth since the pandemic and is expected to increase further in the future. For bed linens, Scandinavian designs in naturally grown fabric materials and stripped-down styles have been trending in 2022. Most designer magazines featuring home decorhighlight Scandinavian influence on bed linens, as they create light-and-bright bedrooms with an airy aesthetic while offering a superior feel and comfort owing to the incorporation of natural fabric
• Shifting retail models along with changing consumer preferences push manufacturers to continuously form new strategies to combat the challenges. Manufacturers have been focusing on automating manufacturing plants and engaging in constant product innovation to launch products that provide better solutions to users
• Companies in the North America home textiles have been implementing various corporate strategies to achieve instant inorganic growth, with partnerships being one of the most vital strategies. For instance, in December 2020, WestPoint Home, Inc., partnered with asthma and allergy expert Robin Wilson to develop bedding and bath collections under the Clean Design Home x Martex brand. The assortment includes sheets, comforters, towels, and utility bedding

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Home Textile Market Segmentation

Grand View Research has segmented the global home textile market based on products, material, distribution channel, and region:

Home Textile Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Bedroom Linen
• Bathroom Linen
• Carpets and Floor Coverings
• Kitchen Linen
• Curtains and Drapes

Home Textile Material Outlook (Revenue, USD Billion, 2017 - 2030)

• Polyester
• Cotton
• Silk
• Wool
• Others (hemp, jute, etc.)

Home Textile Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
  • Supermarket/ Hypermarket
  • Specialty Stores
  • Others
• Online

Home Textile Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Home Textile Market

• Welspun Group
• Springs Global
• New Sega Home Textiles
• Ralph Lauren Corporation
• Shenzhen Fuanna
• Trident Group
• Marvic Textiles
• Shanghai Hometex, Honsun
• Hunan Mendale Hometextile Company Ltd.
• LLC Honsun Home Textile

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.

Everything As A Service Market is Projected to Boost USD 1,208.5 Billion by 2030: Grand View Research Inc.

 Everything As A Service Market Growth & Trends

The global everything as a service market size is anticipated to reach USD 1,208.5 billion by 2030, registering a CAGR of 22.3% during the forecast period, according to a new study by Grand View Research, Inc. Industry players are poised to emphasize XaaS platforms for increased scalability, security and cost savings. Organizations can reduce costs through the purchase of services on a subscription basis. Furthermore, the rising penetration of cloud computing and the high number of offerings provided by the cloud will bode well for the industry's growth. With a host of companies adopting the XaaS model by way of cloud-based monitoring, industry participants will continue to invest in the business vertical.  

COVID-19 put the spotlight on subscription models as the outbreak brought a paradigm shift through digital transformation. For instance, retailers and other enterprises went online or hybrid, exhibiting an increased demand for the XaaS models. Prominently, XaaS became sought-after to streamline remote-based operations. Moreover, it is worth noting that the prevailing geopolitical situation, including Russia’s invasion of Ukraine and the global supply chain crisis, has had a toll on the global market. However, technological advancements could foster agility, enabling key players to offer enhanced customer experience.

Software as a Service (SaaS) has witnessed significant traction following the penetration of cloud-based apps across developing and developed countries. Furthermore, the increasing footprint of the pay-as-you-go or subscription model has boded well for the stakeholders fostering XaaS market share. End-users are poised to explore opportunities in XaaS to mobilize the workforce seamlessly and access app data from any location. With the pricing model being scalable and flexible, it plays a pivotal role in reducing the capital expenditure needed to establish licenses and infrastructure for the software.

The industry trend also alludes to artificial intelligence (AI), machine learning, and vertical SaaS waves that could create massive value. Many sectors, including healthcare, education, logistics, agriculture, and financial services, have received an uptick from AI-powered solutions. For instance, vertical SaaS has set the trend to boost data governance, customer data, and intelligence plus meet industry requirements. It is worth mentioning that vertical SaaS complements logistics analytics, retail analytics, and healthcare analytics.

From the regional perspective, Europe emerging as a favorable investment hub comes on the back of bullish initiatives from the leading companies. For instance, in March 2022, Amazon contemplated infusing around USD 2.36 billion into the U.K. infrastructure during the next two years. Meanwhile, March 2021 witnessed Hop in raise USD 400.0 million in Series C funding. The company suggested Europe has immense SaaS talent and claimed it had bolstered its portfolio to foster live video collaboration and remote community. Moreover, XaaS models have helped companies across the U.K., France, Germany, and Italy to streamline IT operations and prioritize innovations.

The competitive scenario suggests leading companies could foster their penetration with an emphasis on mergers & acquisitions, product launches, technological advancements, R&D activities, and geographical expansion. For instance, in January 2021, Microsoft Corporation joined hands with Tanla, a software company based in Hyderabad, to roll out a Block chain-enabled communications platform-as-a-service (CPaaS)-Wisely-built on Azure Cloud. Microsoft Corporation and Tanla will reportedly be the co-sell partners for the platform that is believed to provide trusted and secure communication experiences. Leading companies are poised to focus on solidifying their offerings to foster their penetration across untapped areas.

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Everything As A Service Market Report Highlights

• In terms of type, the Infrastructure-as-a-Service (IaaS) segment could account for a sizable share of the global market due to the optimistic demand from the governments along with small and mid-sized businesses
• For verticals, the BFSI sector will grow on the heels of notable trends in the cloud computing
• North America will propel the Everything as a Service (XaaS) market value with surging demand for smart devices and BYOD trends. Besides, increased adoption of the security as a service (SECaaS) platform will also bode well for the regional outlook
• Leading companies are slated to foster organic and inorganic growth strategies 

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Everything As A Service Market Segmentation

Grand View Research has segmented the global everything as a service market based on offering, type, organization size, vertical, and regions:

Everything As A Service Offerings Outlook (Revenue, USD Billion, 2017 - 2030)

• Solutions
• Services

Everything As A Service Type Outlook (Revenue, USD Billion, 2017 - 2030)

• IaaS
• PaaS
• SaaS
• CaaS
• DaaS
• SECaaS
• DRaaS
• Others

Everything As A Service Organization Size Outlook (Revenue; USD Billion, 2017 - 2030)

• SMEs
• Large enterprises

Everything As A Service Verticals Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• IT and Telecom
• Media and Entertainment
• Government
• Healthcare
• Manufacturing
• Oil and Gas
• Energy and Utilities
• Others

Everything As A Service Regional Outlook (Revenue, USD Billion; 2017 - 2030)

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

List of Key Players of Everything As A Service Market

• Amazon Web Services
• Alibaba Group
• Avaya
• Cisco Systems Inc
• Dell
• Google
• IBM
• Microsoft
• Oracle Corporation
• Rack space
• VMware

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.

Face Shields Market Size Projected to Rise Lucratively during 2022 to 2030: Grand View Research Inc.

 Face Shields Market Growth & Trends

The global face shields market size is expected to reach USD 1.3 billion by 2030 according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% over the forecast period. The market is primarily driven by reasons such as increased awareness as a result of the COVID-19 pandemic, severe rules relating to personnel safety, and rising awareness about industrial occupational risks.

The market has prospered from the Covid-19 pandemic. This is mostly due to an increase in the demand for face shields, which prevent or reduce the spread of life-threatening Covid-19 infections. The expanding number of community-acquired illnesses, particularly respiratory infections, has driven the need for and demand for face shields.

The aging population’s increased health concerns and unhealthy lifestyles are expected to increase the demand for healthcare services. As a result, it is anticipated that demand for medical equipment and supplies will increase throughout the projected period. This in turn has fueled the demand for personal protective equipment, such as face shields.

Rising healthcare spending in numerous countries is likely to boost demand for face shields throughout the predicted period. Furthermore, growing healthcare infrastructure in emerging countries, along with an increasing number of individuals seeking healthcare services, is expected to support market growth throughout the forecast period.

Face shields are commonly utilized in a variety of healthcare settings. It has played an important role in safeguarding healthcare staff and patients from cross-contamination and pathogen transmission, it has been made essential and recommended throughout the healthcare industry. The growing healthcare industry is expected to drive the face shields market demand over the forecast period.

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Face Shields Market Report Highlights

• Rising demand for face shields in the healthcare sector amid coronavirus outbreaks coupled with the increasing awareness about workplace safety in various end-use industries is anticipated to create opportunities for face shield manufacturers over the forecast period
• The construction segment accounted for 13.8% of the global revenue in 2021 owing to rising adoption of face shields on account of increasing construction activities post relaxation from lockdowns
• The healthcare face shield segment accounted for 27.4% of the global revenue share in 2021 and is predicted to expand at the fastest rate due to the rising usage of face shields by personnel working in medical institutions
• The chemical industry application sector is expected to have a CAGR of 7.6%over the forecast period owing to an increase in the work-place fatal injuries in the chemical industry is expected to create opportunities for the face shield manufacturers over the forecast period
• In March 2020, Honeywell International Inc. announced the expansion of manufacturing capabilities in Phoenix, Arizona, U.S. to manufacture N95 face masks for supporting the U.S. government’s response to the Covid-19

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

Face Shields Market Segmentation

Grand View Research has segmented the global face shields market on the basis of product, end-use, and region:

Face Shields Product Outlook (Revenue, USD Million, 2017 - 2030)

• Full Face Shield
• Half Face Shield

Face Shields End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Healthcare
• Construction
• Chemical
• Oil & Gas
• Manufacturing
• Others

Face Shields Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Australia
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players of Face Shields Market

• 3M
• Honeywell International
• ALPHAPROTECH
• CASCO BAY MOLDING
• Kimberly-Clark.
• Lakeland Inc.
• MSA
• Aspen Surgical
• Prestige Ameritech
• Pyramex Safety Products, LLC
• Sanax Protective Products
• Key Surgical
• KARAM
• Medline Industries, Inc.
• Gateway Safety, 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.

Medical Foods For Orphan Diseases Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Medical Foods For Orphan Diseases Market Growth & Trends

The global medical foods for orphan diseases market size is expected to reach USD 1.9 billion by 2030. It is expected to expand at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The major factors contributing to the industry’s growth are the growing prevalence of orphan diseases and increasing awareness about such rare conditions. Moreover, rising government initiatives for early screening and increasing initiatives by key players to develop products that cater to such niche segments also spell a promising horizon of growth.

Special medical nutritional requirements are needed for a variety of rare diseases in order to prevent major disabilities and allow normal growth in children and adults. Conditions like food protein-induced maple syrup urine disease, short bowel syndrome, and others, require special dietary requirements in order to maintain robust health. The growing awareness of such rare conditions and increased efficacy of diet plans also promise more avenues for growth.

Medical foods are expensive and may or may not be covered under health insurance. Since the FDA does not classify medicinal foods as drugs, many insurance plans do not cover them. This can impede market expansion over the forecast period.

Unlike other industries, COVID-19 had a positive impact on market growth. The increased awareness about immunity and healthy foods led to a significant rise in the adoption rate of clinical foods. In the year 2020, consumers opted for much healthier diets encompassing nutritional support and dietetic care as compared to the year 2019.

The oral segment dominated the market with a revenue share of over 69.5% in 2022. The oral route for medicinal foods remains the most convenient, and hassle-free. Hence, it remains the most preferred route for consumers globally and oral products are easily available. The expanding production of oral goods in the form of tablets, powder, and pre-thickened products also remains a prominent driver of growth.

The powder segment accounted for the largest revenue share of over 35.4% in 2022. Easy commercial availability of medicinal foods in powdered form is largely responsible for the segment's expansion. Additionally, powered forms of products are simple to use and hence widely preferred by pediatric and geriatric patients suffering from various rare diseases, which continues to drive the segment's expansion.

The institutional sales channel accounted for the largest revenue share of over 41.2% in 2022. The segment includes home care settings, hospitals, and disability facilities. The online sales segment is anticipated to expand at the fastest rate over the forecast period. Due to the convenience, these sales channel provides, more people choose to buy medicinal foods online.

Request a free sample copy or view report summary: Medical Foods For Orphan Diseases Market Report

Medical Foods For Orphan Diseases Market Report Highlights

• The market size was valued at USD 1.2 billion in 2022 and is expected to grow at a CAGR of 5.5% from 2022 to 2030. Increasing prevalence of rare diseases, healthcare expenditure, early screening, and awareness about rare diseases are some key factors that propel the growth
• The oral segment held the dominant revenue share of over 69.5% in 2022. However, the enteral route of the administration segment is expected to showcase the fastest growth over the forecast years. Key players are highly focused on developing technologically advanced enteral feeding devices which are anticipated to play a major role in this segment’s growth.
• The powder segment accounted for the largest revenue share of over 35.4% in 2022. However, the liquid segment is expected to grow at the fastest CAGR over the forecast period. The rising adoption rate of liquid formulations by pediatric and geriatric consumers, as the intake of solid formulations is restricted or unfeasible is the major reason that fuels the segment’s growth
• The institutional sales channel accounted for the largest revenue share of over 41.2% in 2022. The increasing number of patient visits to hospitals and other healthcare centers for the diagnosis and treatment of different orphan disorders continues to propel the growth of the segment
• The others segment accounted for the largest revenue share of over 36.5% in 2022. The increasing number of hypoallergenic product launches and easy commercial availability of such products in various formulations further boost the segment’s growth. However, FPIES condition is expected to showcase the fastest CAGR over the forecast period
• In 2022, North America held the largest revenue share of over 30.6%. Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. Increasing penetration rate, awareness, growing use of medical foods, and several key government initiatives remain the cornerstone of its growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-foods-for-orphan-diseases-market

Medical Foods For Orphan Diseases Market Segmentation

Grand View Research, Inc. has segmented the global medical foods for orphan diseases market based on the route of administration, product, application, sales channel, and region:

Medical Foods For Orphan Diseases Route of Administration Outlook (Revenue, USD Million, 2016 - 2030)

• Oral
• Enteral

Medical Foods For Orphan Diseases Product Outlook (Revenue, USD Million, 2016 - 2030)

• Pills
• Powder
• Liquid
• Others

Medical Foods For Orphan Diseases Application Outlook (Revenue, USD Million, 2016 - 2030)

• Phenylketonuria
• Tyrosinemia
• Eosinophilic esophagitis
• FPIES
• MSUD
• Homocystinuria
• Others

Medical Foods For Orphan Diseases Sales Channel Outlook (Revenue, USD Million, 2016 - 2030)

• Online Sales
• Institutional Sales
• Retail Sales

Medical Foods For Orphan Diseases Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • The U.S.
  • Canada
• Europe
  • UK.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • Saudi Arabia
  • Africa
  • UAE

List of Key Players in the Medical Foods For Orphan Diseases Market

• Nestle
• Danone
• Abbott
• Mead Johnson & Company, LLC
• Relief Therapeutics
• Solace Nutrition
• Ajinomoto Cambrooke, 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.

U.S. Pharmaceutical Sterility Testing Market to Reflect a Holistic Expansion During 2022 to 2030: Grand View Research Inc.

 U.S. Pharmaceutical Sterility Testing Market Growth & Trends

The U.S. pharmaceutical sterility testing market size is anticipated to reach USD 1.18 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.9% from 2022 to 2030. Supportive government investment in the healthcare industry, increasing R&D activities, and growing demand for new therapeutics in the country are the key factors driving the growth. The majority of clinical trials worldwide are performed in the U.S. alone.

According to ClinicalTrials.gov, as of October 2022, over 31% of global clinical trials were registered in the U.S. alone. This is due to the significant number of initiatives taken by public organizations in the country to support R&D activities. The presence of technologically advanced infrastructure and an increase in R&D investment by pharmaceutical companies are also supporting clinical trials in the country. This is expected to improve the number of new medications and medical devices in the coming years in the U.S. and support the market in the post-pandemic period.

The government is keen on bringing down healthcare costs, which is anticipated to encourage the U.S. Food and Drug Administration (FDA) to promote the fast approval of generic pharmaceuticals. Faster approvals drive the need for newer sterility testing methods. This is anticipated to encourage market participants to spend more on sterility solutions and, in turn, expand the market. With an increasing demand for drugs, companies are launching new drugs with different routes of administration, dosage, and indication. These launches require thorough sterility testing and, thus, are anticipated to drive the industry’s growth.

The majority of pharmaceutical companies, biopharmaceutical companies, CROs, and CMOs are headquartered in the U.S. Companies such as Catalent, Inc., Pfizer Inc., AbbVie, Merck; Co. Johnson & Johnson, and Abbott are located in the U.S. The high number of pharmaceutical companies, biopharmaceutical companies, CMOs, and CROs located in the U.S. contributes to the high demand for sterility testing of pharmaceuticals, thus supporting the market growth.

The country suffers from a high burden of cancer. Due to this, government-based research institutes in the U.S. are constantly trying to improve cancer research funding in the country. For instance, in May 2022, the American Institute of Cancer Research stated that it had funded more than USD 110 million in cancer research in 2022, and it intends to fund more in the coming years to reduce the burden of cancer. Such initiatives are expected to increase the number of new medications for cancer in the coming years, thus increasing the demand for sterility testing of cancer drugs in the post-pandemic period.

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U.S. Pharmaceutical Sterility Testing Market Report Highlights

• Outsourcing emerged as the largest segment in 2021 with a share of 45.2%, as pharmaceutical and biopharmaceutical companies are trying to reduce expenses and hence outsourcing non-core functions such as sterility testing
• The sterility testing segment, by test type is expected to witness the fastest CAGR of 11.3% across the forecast as these tests are recommended by regulatory authorities such as the USFDA
• Based on product type, the kits and reagents segment held the largest share of 59.7% in 2021, due to the high consumption of these products in sterility testing
• The biopharmaceuticals segment by the sample is expected to grow at the fastest rate of 11.2% CAGR across the forecast owing to the growing demand for biologics such as vaccines, and monoclonal antibodies in the country for treating chronic and infectious diseases
• Based on end-use, the pharmaceutical companies accounted for the largest share of 42.9% in 2021, owing to the growing number of drug recalls due to lack of sterility, thus supporting segment growth

Access Press Release@ https://www.grandviewresearch.com/press-release/us-pharmaceutical-sterility-testing-market-analysis

U.S. Pharmaceutical Sterility Testing Market Segmentation

Grand View Research, Inc. has segmented the U.S. pharmaceutical sterility testing market based on type, product, test type, sample, and end-use:

U.S. Pharmaceutical Sterility Testing Type Outlook (Revenue, USD Million, 2018 - 2030)

• In-house
• Outsourcing

U.S. Pharmaceutical Sterility Testing Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Kits and Reagents
• Instruments
• Service

U.S. Pharmaceutical Sterility Testing Test Type Outlook (Revenue, USD Million, 2018 - 2030)

• Sterility Testing
• Membrane Filtration
• Direct Inoculation
• Product Flush
• Bioburden Testing
• Bacterial Endotoxin Testing

U.S. Pharmaceutical Sterility Testing Sample Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceuticals
• Medical Devices
• Biopharmaceuticals

U.S. Pharmaceutical Sterility Testing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Compounding Pharmacies
• Medical Devices Companies
• Pharmaceutical Companies
• Others

List of Key Players in the Pharmaceutical Sterility Testing Market

• SGS SA
• Laboratory Corporation of America Holdings
• Boston Analytical
• Charles River Laboratories
• Pacific Biolabs
• STERIS
• Pace Analytical
• Nelson Laboratories, LLC
• Infinity Laboratories
• Thermo Fisher Scientific, 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.