Socks Market Top Players, Analysis And Forecast Till 2030: Grand View Research Inc.

 Socks Market Growth & Trends

The global socks market is expected to reach USD 73.6 billion by 2030, registering a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. The increasing trend of formal clothing among white-collar professionals is anticipated to play a vital role in boosting product demand. This, in turn, is estimated to increase market growth over the forecast period. Furthermore, growing spending on health, as well as fitness, is anticipated to fuel the demand for different footwear accessories that include sports socks and ankle socks. Over the last couple of years, different healthcare professionals have increased their spending on publishing several research papers on keeping the feet healthy on account of the growing occurrences of foot disorders related to diabetes.

As a result, some of the companies including Dr. Oxyn and Podolite have launched customized diabetic socks to reduce the risk of foot ulcers, which function as a root cause of infections, or amputation. The presence of corporate offices in emerging economies including China, Bangladesh, India, and Mexico, due to supportive policies to promote investments at a domestic level, is expected to remain a favorable factor for industry growth. However, increasing demand for footwear, such as sandals and slippers, is hindering the growth of this market. Rising demand for specialized socks along with the increasing awareness about fitness & health in various regions will create development opportunities for the industry over the forecast period.

Industry development is likely to be higher in emerging regions due to the increasing penetration of corporate offices, which creates ample growth opportunities for the market. The COVID-19 pandemic has impacted the industry, as the product demand was decreased globally. With the lockdown and movement restrictions, socks sales were drastically impacted. However, top players reinvented their product lines and most of them utilized the lockdown period to innovate their production and retail approach. The demand for socks is significantly influenced by changing fashion and style trends. As people seek to stay up-to-date with the latest trends and styles, they often purchase new socks that match their fashion preferences. Socks with colorful patterns or bold designs may be popular in one season, while plain and classic styles may be preferred in another.

This trend-driven demand creates opportunities for companies to introduce new sock designs and styles to capture consumer interest and generate sales. Socks designed for specific sports or fitness activities are gaining popularity among enthusiasts. These specialized socks offer benefits, such as improved performance, increased comfort, and reduced risk of injury. For instance, compression socks worn during exercise can improve blood circulation and help prevent swelling and soreness in the feet and legs. As more people engage in sports and fitness activities, the demand for specialized socks is expected to grow, providing opportunities for companies that cater to this niche market.

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Socks Market Report Highlights

• Casual socks are the leading product segment and held a share of almost 54% of the global revenue in 2022. Many brands are using sustainable and eco-friendly materials, while others are incorporating compression or moisture-wicking technologies into their socks
• The athletic socks segment is projected to accelerate at a CAGR of 6.9% during the forecast period. This growth can be attributed to several factors, such as the increasing popularity of athleisure wear, rising awareness about the importance of comfortable & supportive socks for athletic performance, and the growth of e-commerce platforms that make it easier for consumers to purchase athletic socks
• Men’s socks held a revenue share of 62.8% in 2022. The segment is likely to continue its growth in the coming years as consumers have become more aware of the importance of high-quality socks for both comfort and style. The women’s socks market is progressing rapidly and is expected to improve by 1.6x by 2030. One of the reasons for the growth in the women's socks market is the changing fashion trends. Socks are no longer seen as just a functional item but also as a fashion accessory. As a result, women are now looking for socks that not only provide comfort but also look stylish
• Hypermarkets and supermarkets are the leading distribution channel for socks and held a share of 56.7% of the global revenue in 2022. However, customers are levitating towards online retail channels and thus, the online segment is expected to register a CAGR of 7.1% during the forecast period

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Socks Market Segmentation

Grand View Research has segmented the global socks market on the basis of product, end-use, distribution channel, and region:

Socks Product Outlook (Revenue, USD Million, 2017 - 2030)

• Casual
• Formal
• Athletic

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

• Men
• Women
• Children

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

• Hypermarkets And Supermarkets
• Convenience Stores
• Online

Socks Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Socks Market

• Nike Inc.
• Puma S.E.
• Adidas A.G.
• Asics Corp.
• Skechers USA, Inc.
• Hanesbrands Inc.
• Under Armour, Inc.
• VF Corp.
• Jockey International Inc.
• Drymax Technologies 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.

Automotive Artificial Intelligence Market Plying for Significant Growth During 2023-2030: Grand View Research Inc.

 Automotive Artificial Intelligence Market Growth & Trends

The global automotive artificial intelligence market size is expected to reach USD 14.92 billion by 2030, according to a new report by Grand View Research, Inc. The industry is anticipated to expand at a lucrative CAGR of 22.7% from 2023 to 2030. The artificial intelligence (AI) in the automotive industry is driven by factors such as government initiatives to incorporate autonomously and the growing demand for autonomous vehicles. Furthermore, the automotive industry's expansion will likely drive the artificial intelligence market. The automotive sector has benefitted from artificial intelligence and is one of the primary industries that use AI to augment and replicate human action. For instance, in March 2023, RoboSense announced the launch of the RS-Fusion-P6 (P6) automotive-grade solid-state LiDAR perception solution. The P6 LiDAR system is designed explicitly for level 4 autonomous driving and integrates cutting-edge software and hardware support, ensuring efficient and reliable perception capabilities for autonomous vehicles.

The advent of standards such as Advanced Driver Assistance Systems (ADAS), blind-spot alert, Adaptive Cruise Control (ACC), and increased demand for convenience features are attracting automotive providers to AI. AI mission-critical occurrences necessitate analysis, warnings, and directives. Automotive ADAS comprises various advanced sensors, such as LiDAR, Inertial Measurement Units (IMUs), radar, and cameras, as well as data connectivity and pressure and temperature sensors for constant uploads and downloads of surrounding conditions. The signal chain necessitates proper conditioning of sensor outputs and detection and reliable low-latency communications within the vehicle and the surrounding infrastructure.

AI has enormous potential in the automobile industry when embedded within the industry's products, production and manufacturing processes, and value-added chains. AI deployment is expected to contribute significantly to a safer, cleaner, more efficient, and more reliable mobility ecosystem. For instance, AI applications in connected and automated vehicles improve driver safety, monitoring, situational awareness, comfort, and trajectory prediction. It can lead to significant gains in performance and efficiency, such as enhanced logistical flows, traffic fluidity, and reduced fuel or power consumption.

In recent years, businesses manufacturing Automated Driving Systems (ADS) technology have substantially invested in live testing autonomous vehicles operating in virtual environments to assure their dependability and safety. However, the Covid-19 pandemic, which began in March 2020, prevented, disrupted, and delayed the achievement of these new product development test objectives due to its sudden beginning and continued resurgent impacts. A study published by Adrian Chen Yang Tan on March 10, 2022, used data from the California Automated Vehicle Test Program to ascertain how the pandemic impacted testing trends, resumptions, and test conditions. The study emphasized how crucial it is for government measures to encourage and facilitate the development of autonomous vehicles in pandemic situations.

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Automotive Artificial Intelligence Market Report Highlights

• The software segment is anticipated to grow significantly in the coming years. ADAS or autonomous driving runtime software and the employment of specialized processing element types speed up specific algorithmic steps. The ongoing trend of AI adoption in the automotive industry will drive market growth in the coming years
• The level 2 segment led the market in 2022, accounting for over 67% share of the global revenue. Level-2 self-driving technology refers to a system that can handle certain driving tasks, such as acceleration, braking, and steering, but still requires the driver to be alert and ready to take control when needed
• The APAC region is anticipated to witness the highest CAGR during the forecast period. The region's increasing sales of premium passenger automobiles equipped with advanced AI features have attracted consumers seeking enhanced driving experiences. Consumers’ rise in disposable incomes to purchase technologically advanced vehicles is fueling the demand for AI-driven automotive solutions 
• Automotive manufacturers investments in AI and LiDAR have responded to the growing demand for intelligent vehicles, which has driven growth across the entire industry

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Automotive Artificial Intelligence Market Segmentation

Grand View Research has segmented the global automotive artificial intelligence market on the basis of component, level of autonomy, technology, vehicle type, and region:

Automotive AI Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software

Automotive AI Level of Autonomy Outlook (Revenue, USD Million, 2017 - 2030)

• Level 1
• Level 2
• Level 3
• Level 4

Automotive AI Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Machine Learning
• Natural Language Processing
• Computer Vision
• Context-aware Computing
• Others

Automotive AI Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

• Passenger Vehicles
• Commercial Vehicles

Automotive AI RegionalOutlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Automotive Artificial Intelligence Market

• Alphabet Inc.
• Intel Corporation
• Microsoft
• NVIDIA Corporation
• IBM Corporation
• Qualcomm Technologies, Inc.
• Tesla
• AB Volvo
• BMW AG
• AUDI AG.

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.

Expansion of Ocular Trauma Devices Market During 2022 – 2030 to Gain Robust Traction: Grand View Research Inc.

 Ocular Trauma Devices Market Growth & Trends

The global ocular trauma devices market size is expected to reach USD 6.56 billion by 2030, registering a CAGR of 7.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Ocular trauma is sometimes referred to as non-penetrating trauma or blunt force trauma to the eye area. Combinations of forces, including acceleration and deceleration, shearing, and crushing pressure can result in ocular trauma. Ocular trauma can cause damage to the eye, the eyelid, and the surrounding bones resulting in blunt eye injuries such as globe exploding, retinal separation, hyphemia, frontal eye hemorrhage, retrobulbar hemorrhage, fracture of the orbit, accidental glaucoma, vitreous bleeding, corneal injuries, and cataract. According to a report by the vision center, around 95% of ocular trauma occurs in men under the age of 30, often caused by interpersonal violence.

Healthcare delivery was severely damaged due to the COVID-19 pandemic. Despite an overwhelming number of COVID-19 cases, ophthalmic clinics witnessed a sharp reduction in outpatient visits and operations, and hospitals lost a large amount of revenue in the initial stage of the pandemic. The COVID-19 pandemic had a negative effect on the sales of ocular devices such as contact lenses, implants, and ocular instruments. Ophthalmic clinics stayed closed throughout the lockdown period since ophthalmologists and healthcare professionals faced the biggest risk of spreading the virus. As a result, there was a decrease in the demand for ocular care products. However, the market is expected to regain its pre-pandemic position in the coming years due to the relaxation of regulations at present and the considerable economic recovery.

Several organizations along with ophthalmologists have launched campaigns and initiatives to increase awareness about ocular care and eye health among the general public. These organizations provide seminars, tutorials, and workshops that teach technicians how to utilize different pieces of ophthalmic equipment. Such programs aid in raising awareness of eye conditions and the availability of diagnostic tools.

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Ocular Trauma Devices Market Report Highlights

• Based on device type, the implants segment accounted for the largest market share of 45.0% in 2021 and is expected to witness the fastest growth with a CAGR of 8.0% over the forecast period from 2022 to 2030 pertaining to the rising incidence of diabetic retinopathydue to growing prevalence of diabetes and adoption of a sedentary lifestyle
• Based on the indication, the blunt trauma segment dominated the market with a revenue share of 47.5% in 2021. The increase in the elderly population will fuel the expansion of the segment. Combinations of forces, including acceleration and deceleration, shearing, and crushing pressure can result in blunt trauma.
• On the other hand, the sharp trauma segment is expected to witness the fastest CAGR of 8.7% during the forecast period owing to the increasing number of cases of sharp object eye injuries in the workplace.
• Based on end-use, the hospital segment accounted for a market share of 50.2% in 2021, owing to the rising adoption of advanced ophthalmic technology in hospitals and the availability of affordable and efficient treatment options
• The ophthalmic clinics segment is expected to witness the fastest CAGR of 7.9% during the forecast period from 2022 to 2030 due to the increasing need for eye care services in outlying locations
• North America accounted for the largest revenue share of 43.8% in 2021 attributed to the rise in the elderly population, increased incidence of eye-related problems, and growing healthcare costs. Asia Pacific is anticipated to witness a rapid CAGR of 9.6% over the forecast period owing to a significant rise in the number of elderly people in the region. Developing nations such as China and India are predicted to have the highest development in this region.

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Ocular Trauma Devices Market Segmentation

Grand View Research has segmented the global ocular trauma devices market based on device type, indication, end-use, and region: 

Ocular Trauma Device Type Outlook (USD Billion, 2017 - 2030)

• Implants
• Instruments
• Disposables

Ocular Trauma Devices Indication Outlook (USD Billion, 2017 - 2030)

• Blunt Trauma
• Chemical Trauma
• Sharp Trauma

Ocular Trauma Devices End-Use Outlook (USD Billion, 2017 - 2030)

• Hospitals
• Ophthalmic Clinics
• Others

Ocular Trauma Devices Regional Outlook (USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel

List of Key players in the Ocular Trauma Devices Market

• Alcon
• Bausch & Lomb, Inc.
• Carl Zeiss AG
• Johnson & Johnson Vision
• CooperVision
• TopCon
• EssilorLuxottica
• Hoya Corporation
• Glaukos Corporation

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.

Pressure Mapping Systems In Healthcare Market to Register Stable Expansion During 2023 – 2030: Grand View Research Inc.

 Pressure Mapping Systems In Healthcare Market Growth & Trends

The global pressure mapping systems in healthcare market size is expected to reach USD 799.1 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. Pressure mapping systems are devices used to monitor pressure distribution by the healthcare professionals.

The systems are used by healthcare professionals to prevent any potential injuries in patients, which can occur due to prolonged pressure on certain body parts that can cause injuries such as pressure ulcers. The condition is common among patients who are confined to wheelchairs or are bedridden due to medical conditions such as Alzheimer’s, amputations, paralysis, or multiple sclerosis. These conditions usually impair the movement of the patient, which increases the risk. According to an article by NCBI dated July 2022, the global prevalence of the condition was estimated to be 12.8%. The use of these systems helps to considerably reduce the condition as the systems display the data regarding the pressure points.

Moreover, increasing prevalence of chronic conditions such as Alzheimer’s, paralysis, multiple sclerosis, and amputations is expected to drive the demand for the systems during the forecast period. For instance, according to an article by single care dated March 2022, 2.8 million people suffered from multiple sclerosis worldwide. Multiple sclerosis causes muscle spasms, weakness, fatigue, and disability in severe conditions. These systems are used for gait posture research, which aids the clinicians to diagnose lower limb problems and prevent injury.

Moreover, the availability of foot insoles with sensors helps to prevent and diagnose injuries in athletes and patients with foot injuries. These sensors help patients suffering from foot deformities and poor balance in improving their conditions. For instance, according to an article by Herald Scholarly Open Access dated January 2021, the global prevalence of foot deformity was 36.5% in 2021. The PPS Foot Pressure Mapping System has sensors to measure and analyze foot pressure distribution that helps clinicians in gait analysis, diabetic foot complications, and other disciplines.

Rising number of initiatives such as mergers and acquisitions undertaken by key players in the market is expected to boost the growth. Moreover, introduction of technologically advanced products by the key players is expected to further increase the market growth. For instance, in December 2021, Tekscan announced the launch of FScan 64 2.0, which is a Bluetooth enabled, cord free in-shoe foot insole. The system helps to capture pressure, force, and temporal gait data that help the physicians to identify and correct asymmetries and issues in gait cycle.

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Pressure Mapping Systems In Healthcare Market Report Highlights

• In 2022, the hospital beds/mattresses segment held the largest share of over 35.0% due to the adoption of these systems to prevent injuries among patients
• In 2022, North America held the largest share of over 40.0%. Factors such as the higher prevalence of injuries that cause immobility issues in patients contributed to the market growth
• Asia Pacific is projected to register the fastest growth rate during the forecast period. The growing geriatric population in countries such as Japan and China is contributing to the growth of the regional market

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Pressure Mapping Systems In Healthcare Market Segmentation

Grand View Research, Inc. has segmented the global pressure mapping systems in the healthcare market based on application and region:

Pressure Mapping Systems In Healthcare Application Outlook (Revenue, USD Million, 2017 - 2030)

• Hospital Beds/ Mattresses
• Wheelchair
• Foot Insoles
• Others

Pressure Mapping Systems In Healthcare Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Pressure Mapping Systems In Healthcare Market

• Tekscan, Inc.
• Sensor Products Inc.
• PPS
• XSENSOR Technology Corporation
• Vista Medical
• FSRTEK
• Blue Chip Medical Products

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.

Latent Tuberculosis Infection Detection Market is Likely To Touch USD 2.2 Billion by 2030: Grand View Research Inc.

 Latent Tuberculosis Infection Detection Market Growth & Trends

The global latent tuberculosis infection detection market size is expected to reach USD 2.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. The increased risk of developing active disease from latent tuberculosis infection (LTBI) coupled with the surge in the geriatric population globally is one of the major driving factors for the market growth. In addition, rising awareness about TB detection and various government initiatives for effective diagnosis and screening of tuberculosis infection is another factor contributing to market expansion. For instance, in July 2021, the UKHSA and NHS of England launched a 5-year plan to decrease TB cases in the country.

The market growth is fueled by the increase in the geriatric population across the globe. For instance, according to the elderly population report of America’s Health Rankings 2021, more than 54 million population aged more than 65 years in the U.S. which accounts for 16.5% of the country’s population. The geriatric population is highly susceptible to developing latent TB infection. Policymakers and public health officials are making improvements in policies to improve the health of older in the country.

Furthermore, ongoing funding activities by leading organizations to promote the diagnosis and testing for tuberculosis are also expected to fuel market growth. For instance, Unitaid is a leading health agency engaged in discovering quick solutions for diseases. In September 2022, the Unitaid launched funding of USD 30 million to boost tuberculosis detection. This funding will support the development of same-day tests and also help in the development of novel diagnostic technologies for tuberculosis.

Similarly, the Global Fund provides support and funding for the management of infectious diseases such as tuberculosis, malaria, and HIV. The organization provides around 76% of global financing for tuberculosis and it has invested around USD 8.5 billion for the management of tuberculosis. Furthermore, in August 2021, the Global Fund provide funds to FIND for the advancement of TB diagnosis and prevention in India. This investment optimized laboratory quality for early diagnosis of TB and improved tuberculosis diagnostic capacity in the country.

In addition, the rising testing efforts globally to promote the diagnosis of TB infection are expected to support market expansion. For instance, in March 2022, QIAGEN N.V. announced that the company has sold 100 million QuantiFERON blood tests since its launch. After this, the company decided to expand QuantiFERON to reach more patients across the globe. Moreover, various strategic initiatives undertaken by leading players to enhance their market share are another factor facilitating market expansion. For instance, in October 2021, QIAGEN announced CE mark approval and roll-out of the QIAreach QuantiFERON-TB test for tuberculosis infection diagnosis.

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Latent Tuberculosis Infection Detection Market Report Highlights

• In test type, the IGRA segment is expected to grow at the fastest rate over the forecast period owing to increasing recommendations for IGRAs from various public health authorities
• Based on application segment, the PLHIV accounted for the largest revenue share in 2021 due to the rising risk of developing TB in people suffering from HIV infection
• The diagnostic laboratories segment was the highest revenue contributor in 2021. Whereas the academic and research institutions segment is expected to exhibit the fastest CAGR during the projected period
• Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the rising investments by market players and increasing research activities in the region

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Latent Tuberculosis Infection Detection Market Segmentation

Grand View Research has segmented the global latent tuberculosis infection detection market based on test type, application, end-user, and region:

LTBI Detection Test Type Outlook (Revenue, USD Million, 2018 - 2030)

• Tuberculin Skin Test (TST)
• Interferon Gamma Released Assay (IGRA)

LTBI Detection Application Outlook (Revenue, USD Million, 2018 - 2030)

• Household Contacts with Pulmonary TB
• PLHIV
• Others

LTBI Detection End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic Laboratories
• Hospitals/Clinics
• Academic & Research Institutions

LTBI Detection Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Latest Tuberculosis Infection (LTBI) Detection Market

• bioMerieux
• Hoffmann-La Roche Ltd.
• Abbott
• Sanofi
• Oxford Immunotec USA, Inc.
• Becton, Dickinson, and Company
• Serum Institute of India Pvt. Ltd
• Lionex GmbH

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.

Microphone Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Microphone Market Growth & Trends

The global microphone market size is expected to reach USD 9.99 billion by 2030, expanding at a CAGR of 5.4% from 2022 to 2030, according to a recent study by Grand View Research, Inc. The rising adoption of microphones in the music industry is driving the growth of the global microphones market. Online shows and events have become increasingly popular due to easy access to the internet & smartphones. The internet on-demand video market has grown significantly, especially since the introduction of premium streaming platforms.

Potential end-users, including stand-up comedians and motivational speakers, provide a significant opportunity for the market to grow. Thus, a noticeable increase in the number of events and online shows is expected to increase demand for mics and spseakers, which is expected to support the growth of the microphones market.

The COVID-19 pandemic led to an economic slowdown and a drop in disposable income globally. The low earning capability forced consumers to purchase essential products primarily over non-essential ones such as electronic products that include microphones, speakers, and more. This situation hampered the demand in the global microphone industry. Furthermore, technical issues and difficulties such as wireless connection blockages, physical distance, and reception fade are expected to hamper the growth of the market for microphones.

Several major countries and booming economies have seen substantial losses and slowed growth during the lockdown period. As the pandemic hit the market, it became incredibly difficult for manufacturers of wireless microphone systems to continue operations. The economies of various nations have suffered greatly as a result of lockdowns due to the COVID-19 outbreak. The reduction of investments in several core industries has led to the decline of the wireless microphone market.

The chipset shortage at the global level has hampered the microphone industry. Semiconductors are primarily used in several electronic devices, including microphones. The disruption in the supply chain negatively impacted the production of microphones worldwide, and the low production is expected to negatively impact market growth.

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Microphone Market Report Highlights

• The evolving entertainment and television broadcasting industry has fueled the growth of the market for microphones across the Asia Pacific. The rising trend for video logging is expected to benefit the market in this region for the forecasted period
• The rising demand for podcasting, online video streaming, and voiceover work is expected to drive the growth of the USB microphones segment during the projection period. This segment is anticipated to expand at a CAGR of 6.6% from 2022 to 2030
• The demand for various types of wireless microphone-related items has expanded, as the automotive industry becomes more automated. These components are employed in telematics, controllers, and Global Positioning Systems (GPS). Electric vehicles (EVs) and driverless vehicles both use these components extensively, and the increased demand for EVs will accelerate product acceptance during the assessment period

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Microphone Market Segmentation

Grand View Research has segmented the global microphone market based on connectivity and region:

Microphone Connectivity Outlook (Revenue, USD Million, 2018 - 2030)

• USB Microphones
• XLR Microphones

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

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

List of Key Players in the Microphone Market

• AAC Technologies
• TDK Corporation
• Goertek
• Cognex Corporation
• STMicroelectronics
• Infineon Technologies
• Microscan Systems Inc.
• ZillTek Technology
• BSE
• Gettop Acoustic
• Hosiden Corporation

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.

Demand Planning Solutions Market Is Expected To Accomplish A Valuation Of Around USD 8.68 Billion By 2030: Grand View Research Inc.

 Demand Planning Solutions Market Growth & Trends

The global demand planning solutions market size is anticipated to reach USD 8.68 billion by 2030, registering a CAGR of 10.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. Demand planning software provides businesses with forecasting solutions for a product or service, helping them prepare for future customer demand. Demand planning tools are used by businesses to organize and control their future inventories and production. By anticipating their long-term requirements, these solutions aid companies in providing for their clients. Predictive analysis is a significant component of demand planning systems, frequently included in supply chain management solutions. Demand planning tools use machine learning algorithms to improve forecasts by analyzing past data.

Demand planning solutions have become a significant component of supply chain management, and as technology develops, people across the globe are increasingly adopting these solutions. Demand sensing and forecasting based on market trends, growing market landscape, and delivery of products are some of the significant areas within an enterprise addressed by demand planning solutions. These factors will propel the market's growth during the forecast period. Additionally, as more businesses focus on reducing production and delivery delays and managing inventory surpluses, the demand for these solutions has been steadily increasing. Further, the pricing and promotion analysis solution uses ML (Machine Learning) algorithms and price elasticity models to create promotion-influenced forecasts. Pricing and promotion analysis will benefit the companies by providing a systematic way to product price change and accurately predict the revenue.

Demand planning solutions play a significant role in addressing the several challenges related to the quality of customer service, supplier relationships, and demand forecasting. This factor is anticipated to accelerate the demand for these solutions during the forecast period. Industry sectors, including healthcare, BFSI, automotive, retail & e-Commerce, and food & beverages, increasingly use demand planning solutions. Further, in coming years, the demand planning solutions market is projected to have significant expansion due to advancements in software technology and the rising need for support, maintenance, integration, and advisory services.

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Demand Planning Solutions Market Report Highlights

• The major factors driving the market growth include increasing demand and usage of demand planning software and services by various enterprises and industries to effectively analyze data generated in the business and forecast future demands is expected to propel market growth
• The solutions segment is further classified into demand planning and optimization, demand sensing, and forecasting, pricing and promotion analysis, and others. Others include new product demand forecasting, supply chain optimization, trade promotion optimization, life cycle management, and demand monitoring. Demand planning and optimization is anticipated to attain the fastest CAGR registering 11.3% during the forecast period
• The cloud-based software model is anticipated to gain significant demand planning solutions market share over the projected period. The benefits of cloud-integrated demand planning include real-time integration and lower total cost of ownership (TCO). Demand planning hosted on the cloud eases lowers the burden on IT management and any related expenses, such as the cost of updates, patches, and general management in any form.
• The small and medium-sized enterprises segment is anticipated to gain significant demand planning solutions market share during the period. Most of the SMEs are adopting demand planning solutions to forecast the demand trends and recover from COVID-19.
• The Asia Pacific is anticipated to witness the fastest growth owing increase in the number of enterprises resulting in the growing adoption of demand planning solutions for demand forecasting is the major factor responsible for the market growth in the region. For instance, according to India Brand Equity Foundation, in India, the number of Micro Small and Medium Enterprises (MSMEs) increased by 18.5% CAGR from the year 2019 to 2020. Also, in India, the companies are grown by 26% from 2020 to 2022.

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Demand Planning Solutions Market Segmentation

Grand View Research has segmented the demand planning solutions market based on component, deployment, enterprise size, industry, and region:

Demand Planning Solutions Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solutions
  • Demand Planning and Optimization
  • Demand Sensing and Forecasting
  • Pricing and Promotion Analysis
  • Others
• Services
  • Professional Services
  • Managed Services

Demand Planning Solutions Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premises
• Cloud-based

Demand Planning Solutions Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small and Medium Sized Enterprises (SMEs)
• Large Enterprises

Demand Planning Solutions Industry Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• IT & Telecom
• Healthcare
• Retail & E-commerce
• Automotive
• Food & Beverages
• Manufacturing
• Others

Demand Planning Solutions Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Demand Planning Solutions Market

• Aspire Systems
• Blue Ridge Solutions Inc.
• Cognizant Technology Solutions
• Demantra (Oracle Corporation)
• IBM
• Logility, Inc.
• RELEX Oy
• NETSTOCK 
• SAP SE
• Syncron AB
• Infor
• Kinaxis

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.

Impact of Existing and Emerging Electroencephalography Devices Market Trends And Forecast 2023-2030: Grand View Research Inc.

 Electroencephalography Devices Market Growth & Trends

The global electroencephalography devices market size is expected to reach a value of USD 2.39 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 10.2% from 2023 to 2030. The high prevalence of epilepsy, sleeping disorders, brain tumors, Parkinson’s disease, and stroke among other neurological disorders is a major factor anticipated to drive the growth. According to the World Health Organization (WHO), over 50 million people are affected by epilepsy; and more than 35.6 million people worldwide are suffering from Alzheimer’s disease and dementia.

In addition, growing awareness about neurological diseases and disorders in developed and developing regions is expected to boost the market. In addition, a rise in government funding for neuroscience-related R&D is contributing to market growth to a great extent. Moreover, rapidly developing healthcare infrastructure and increasing disposable income in Asian countries are projected to support the demand for advanced electroencephalography (EEG) devices and systems.

Furthermore, the introduction of technologically advanced products such as portable electroencephalography systems is expected to drive the market. Increasing focus on neuroscience, cognitive psychology, and psychophysiological research activities has led to increased demand for advanced systems.

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Electroencephalography Devices Market Report Highlights

• 32-channel EEG systems remained the highest revenue-generating segment in 2022 attributed to robust technological advancements in 32-channel EEG products
• In 2022, standalone devices accounted for the highest revenue-generating segment due to the increased application of these systems in hospitals and diagnostics centers
• The hospitals segment held the largest revenue share based on end-use in 2022, owing to the increasing number of patients suffering from neurological disorders. The rising geriatric population is another major factor responsible for the segment growth
• North America held the largest revenue share of the EEG system/device market in 2022. The availability of insurance coverage for brain monitoring and well-developed healthcare infrastructure is anticipated to drive the regional demand

Access Press Release@ https://www.grandviewresearch.com/press-release/global-electroencephalography-eeg-systems-devices-market

Electroencephalography Devices Market Segmentation

Grand View Research has segmented the global EEG devices market based on product, type, end-use, and region:

EEG Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• 8-channel EEG
• 21-channel EEG
• 25-channel EEG
• 32-channel EEG
• 40-channel EEG
• Multichannel EEG

EEG Devices Type Outlook (Revenue, USD Million, 2018 - 2030)

• Standalone Devices
• Portable Devices

EEG Devices End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Diagnostic Centers
• Others

EEG Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Electroencephalography Devices Market

• Natus Medical, Inc.
• Electrical Geodesics, Inc.
• Medtronic; NeuroWave Systems, Inc.
• Compumedics Ltd.
• Noraxon U.S.A., Inc.
• Cadwell Laboratories, Inc.
• Nihon Kohden America, 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.

Global Traditional Wound Management Market to Reach Around USD 8.3 Billion by 2030: Grand View Research Inc.

 Traditional Wound Management Market Growth & Trends

The global traditional wound management market size is expected to reach USD 8.3 billion by 2030, registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. The rising incidence of chronic diseases, increasing number of accidents, and rising number of ambulatory surgery centers (ASCs) are the key driving factors for the market.

The global increase in the incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is one of the key driving factors for market growth. Factors such as the adoption of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are majorly contributing to the rise in the prevalence of non-communicable diseases. Cancer has been a global healthcare burden as it is one of the leading causes of death. Most surgical wounds post-cancer surgery are relatively large in size and deep, producing exudate that requires regular care.

The wound care products such as bandages, medical tapes, and gauze help to manage large wounds, significantly reducing the risk of further infection. According to the estimates from the WHO, in 2018, one in five men and one in six women globally develop cancer during their lifetime. Moreover, as per reports published by WHO, 18.1 million new cancer cases have been reported in 2018, globally. In addition, it also reported that over 70.0% of cancer-related deaths typically occur in middle- and low-income countries. Furthermore, the rising prevalence of chronic conditions and the number of surgeries being performed have also increased globally. Therefore, such factors are anticipated to positively impact market growth over the forecast period.

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Traditional Wound Management Market Report Highlights

• In terms of revenue, the acute wounds segment held the largest revenue share in 2020 owing to the rising cases of accidents and trauma globally
• The gauze segment held the largest share in 2020 owing to its wide range of applicability in various types of injuries and the availability of numerous products
• The hospital segment dominated the market and held the largest revenue share in 2020 due to the rising cases of burns and surgeries
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising number of diabetic patients in this region

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Traditional Wound Management Market Segmentation

Grand View Research has segmented the global traditional wound management market on the basis of product, application, end-use, and region:

Traditional Wound Management Product Outlook (Revenue, USD Million, 2018 - 2030)

• Gauze
• Tape
• Bandages
• Cotton

Traditional Wound Management Application Outlook (Revenue, USD Million, 2018 - 2030)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Other Chronic Wounds
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burns

Traditional Wound Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Clinics
• Home Healthcare
• Others

Traditional Wound Management 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 & Africa
  • South Africa
  • Saudi Arabia
  • UAE

 List of Key Players in the Traditional Wound Management Market

• 3M
• ConvaTec Group PLC
• DermaRite Industries LLC.
• DeRoyal Industries Inc.
• Hollister Incorporated
• Integra LifeSciences Holdings Corp.
• Coloplast A/S
• Medtronic plc.
• Mölnlycke Health Care AB
• Smith & Nephew plc.
• Braun Melsungen AG
• PAUL HARTMANN AG
• Johnson & Johnson Pvt. 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.