Hair Dryer Market 2023-2030 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Hair Dryer Market Growth & Trends

The global hair dryer market size was valued at USD 13.64 billion in 2030, expanding at a CAGR of 6.0% from 2023 to 2030, according to a report by Grand View Research, Inc. The key dynamics driving the demand for hair dryers are growing standards of living and greater emphasis on personal appearance. Evolving fashion trends in hair care and styling and the rising hair styling trends featured in movies and on fashion runways are considerably impacting the sales of hair dryers globally, across all age groups. Hairdryers help style, curl, straighten, volumize, or flatten the hair using heat.

An increase in consumer spending on professional salons and hair styling tools is expected to open new avenues for market growth. Consumer expenditure on professional salons and hairstyling tools is driving the global hair dryer industry. With the growing popularity of social media, beauty trends have changed a lot, which has led to a surge in demand for hair dryers. According to the Philips Global Beauty Index 2019, nearly 76% of women used a hair dryer regularly. Such trends will lead to the high adoption of hair dryers by consumers.

The global economy deteriorated rapidly in the first quarter due to the impact of lockdowns and other restrictions in various countries to counter the COVID-19 pandemic. However, economic activities around the world began to pick up in the second quarter of 2020. By the end of the third quarter and later, new waves of COVID-19 infections led to another round of restrictions and extensions of existing restrictions in various countries. Bottlenecks for semiconductors and other economic issues occurred toward the end of the fiscal year.

The corded product segment held the largest market share more than 83.0% in 2022 and is expected to witness progressive growth in demand during the forecasted period. Generally, corded hair dryers are preferred for use in households and professional services, where portability is not required. They are also more powerful than cordless hair dryers and can dry the hair quicker. They have better airflow and heat settings, hence they are preferred by consumers.

The professional segment is expected to register the highest CAGR of 6.2% during the forecast period. With the rise in disposable incomes and increased beauty standards of the modern world, the trend of visiting hair salons to style hair has been growing in recent years and hair salons are witnessing a higher footfall. This has fueled the demand for professional hair dryers.

The offline segment dominated and held the largest revenue share of over 72.05% in 2022. Offline is the most widely used channel for purchasing hair dryers. Offline stores provide consumers with the option of testing the operations of the product before making a purchase decision.

North America accounted for the largest revenue share of over 34.0% in 2022, particularly owing to the presence of a large consumer base with high awareness about personal grooming and self-care. Furthermore, as consumers in North America have a higher disposable income compared to the rest of the world, especially those in the U.S. and Canada, the tendency of purchasing high-end hair dryers is greater in the region.

The major players account for a considerable market share and have a strong presence across the globe. The hair dryer industry also comprises small and medium sized local players who offer a selected range of products at much cheaper rates and mainly serve regional customers. Global brands face tough competition from these players since smaller players have a better grasp and reach in regional or country markets.

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Hair Dryer Market Report Highlights

• The corded product segment accounted for the leading market share of more than 83.0% in 2022 and is expected to witness significant growth in the near future. Generally, corded hair dryers are preferred for use in households and professional services, where portability is not required
• The professional segment is expected to register the highest CAGR of 6.2% during the forecast period. With the rise in disposable incomes and increased beauty standards of the modern world, the trend of visiting hair salons to style hair has been growing in recent years and hair salons are witnessing a higher footfall
• The offline segment dominated the market and held a revenue share of over 72.05% in 2022. The offline channel is the most widely used channel for purchasing a hair dryer. Offline stores provide consumers with the option of testing the operations of a product before making a purchase decision
• North America accounted for the largest revenue share of over 34.0% in 2022, particularly owing to the presence of a large consumer base with high awareness about personal grooming and self-care

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Hair Dryer Market Segmentation

Grand View Research has segmented the global hair dryer market based on product, application, distribution channel, and region:

Hair Dryer Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Cord
• Cordless

Hair Dryer Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Professional
• Individual

Hair Dryer Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Online
• Offline

Hair Dryer Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Hair Dryer Market

• Conair LLC
• Panasonic Holdings Corporation
• Koninklijke Philips N.V.
• Dyson Limited
• Tescom Co., Ltd. (Tescom Denki Co., Ltd)
• Spectrum Brands, Inc.
• Revlon Inc.
• Ghd Hair (Jemella Ltd)
• Harry Josh Pro Tools
• Braun GmbH (A brand of Procter & Gamble)

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.

Hydration Backpack Market Is Booming Worldwide 2023-2030

 Hydration Backpack Market Growth & Trends

The global hydration backpack market size is expected to reach USD 800.52 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 9.9% from 2022 to 2030. Rising demand for the product due to its key qualities like hands-free usage and ability to offer optimum hydration remain key drivers to the growth of the market. Moreover, increasing participation in outdoor activities, such as hiking, cycling, and running, due to rising awareness about maintaining a healthy lifestyle is expected to boost the market growth.

During the COVID-19 pandemic, many individuals increased their participation in various outdoor sports and activities across the globe. According to the 2021 Outdoor Participation Trends report, in 2020, 53% of Americans aged 6 and over engaged in outdoor recreation at least once, the highest participation rate ever. In 2020, 160.7 million Americans aged 6 and over participated in at least one outdoor activity. Around 7.1 million more Americans engaged in outdoor recreation in 2020 than they did in 2019

A celebrity endorsement is often key to the visibility of brands and opens up new markets for global firms. Companies remain heavily invested in celebrity endorsements to promote their products and services. For instance, CamelBak (Vista Outdoor Products Inc.), the manufacturer of hydration backpacks signed contracts with various athletes and celebrities as their brand ambassadors to help capture the market for backpacks. Sally McRae, professional trail and ultra-runner, Solomon “Soli” Demeku, professional trail runner, Zoe Kalapos, professional snowboarder, Marcelo Gutierrez, professional mountain biker, and Ella Conolly, professional enduro racer are among other celebrities who are associated with the CamelBak.

The sports held the largest market share in terms of revenue in the hydration backpack market. The market is mainly driven by the rising demand for hydration backpacks among athletes associated with various sports activities. Moreover, the rising sports activity is further expected to fuel growth in the market. According to the 2021 Outdoor Participation Trends Report, in 2020, 53% of Americans aged six and over participated in outdoor recreation at least once, the highest participation rate on record. Furthermore, 7.1 million more Americans participated in outdoor recreation in 2020 than in 2019.

Hydration backpack companies have been implementing various expansion strategies such as capacity expansions, strengthening of online presence, the launch of distribution centers, and new product launches to gain a competitive edge. Moreover, the adoption of product development strategies by major players continues to help expand their geographical reach. For instance, CamelBak developed a 6.6-gallon reservoir hydration pack, SquadBak, specially designed for soldiers to transport a large amount of water on their backs.

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Hydration Backpack Market Report Highlights

• The hydration backpack size was valued at USD 343.1 million in 2021. It is expected to grow at a CAGR of 9.9% from 2022 to 2030. Increasing participation in outdoor recreation activities is one of the major driving factors for the market growth
• The specialty stores segment accounted for the largest revenue share of 46.9% in 2021. The sales through specialty stores will continue to grow over the forecast period as key companies increase their global reach by adding stores in tier II and III cities in major geographies
• North America accounted for the largest revenue share of over 38% in 2021. Increased product visibility and the region's well-established sports industry are expected to fuel product demand in the coming years
• The sports segment accounted for the largest share of 75.4% in 2021, due to high product demand among hikers, trekkers, cyclists, and athletes, especially in developed countries. In addition, various sports and other associations—such as U.S. Anti-Doping Agency, National Sports ID, Children’s Hospital Association, and European Hydration Institute—continue to spread awareness about the importance of adequate hydration and related benefits during sports participation

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Hydration Backpack Market Segmentation

Grand View Research has segmented the global hydration backpack market report based on end-use, distribution channel, and region.

Hydration Backpack End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Sports 
• Military

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

• Specialty Stores
• Departmental Stores
• Online Retail

Hydration Backpack Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Hydration Backpack Market

• Vista Outdoor Inc. (CamelBak)
• Columbia Sportswear Company
• Osprey Packs Inc. (Helen of Troy Limited)
• High Sierra (Samsonite International S.A.)
• Gregory Mountain Products (Samsonite International S.A.)
• Source Tactical Gear (SOURCE)
• Hydro Flask (Helen of Troy Limited)
• Mazama Designs LLC
• USWE Sports AB
• TETON Sports (C&S Holmes, 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.

Emollients Market Global Key Vendors Analysis, Revenue, Trends & Forecast to 2030

 Emollients Market Growth & Trends

The global emollients market size is anticipated to reach USD 2.09 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.7% from 2022 to 2030 in terms of revenue. An increase in the demand for cosmetic and personal care products among consumers across the globe is expected to propel market growth. The demand for plant-based ingredients in cosmetics is rising owing to safety concerns among consumers across the globe. Various players are focusing on plant-based personal care ingredients and are incorporating them into their products. For instance, in August 2022, BASF SE and Ingredi, a Chinese supplier of natural active ingredients and personal care products, entered into a partnership. BASF together with Ingredi aimed to offer new plant-based solutions to the global personal care market.

The COVID-19 pandemic had a negative impact on the market as production activities were halted worldwide. The outbreak of the pandemic disrupted the whole supply chain causing a shortage of raw materials and further inflating prices.

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Emollients Market Report Highlights

• Based on type, the fatty acids segment held a market share of more than 15% in 2021 and is expected to expand at the fastest CAGR of 5.5% over the forecast period. In 2021, alpha-hydroxy-acids (AHAs) gained significant access to a new category of body care products. In February 2021, Glow Recipe, a skin care products manufacturer entered the body care market with its alpha-hydroxy-acids-based “WATERMELON GLOW PINK DREAM BODY CREAM”
• Based on form, the solid segment held a market share of 31.0% in 2021 and is likely to expand at a CAGR of 5.1% over the forecast period. Some of the common natural solid emollients are shea butter, cocoa butter, lanolin, etc. Personal care manufacturers are using solid emollients to develop innovative personal care products. For instance, in August 2021, Ethique, Inc., launched Professor Curl, a reliable shampoo bar for curly hair. Shea butter, cocoa butter, and castor oil are used as moisturizing ingredients in the creation of the bars. The concentrated bars can readily reach all areas of the hair without resting on the scalp
• Based on application, the hair care segment is likely to expand at a CAGR of 5.2% over the forecast period. Increasing demand for hair care products among consumers owing to the rising hair problems such as baldness, dandruff, itchy scalp, etc., is propelling the emollient market growth. Various companies are launching new hair care products to meet increasing consumer demand. For instance, in March 2022, Kao Corporation launched a new hair care brand Wakati. The new brand is designed for women with type three to four hair and mainly for curls, coils, and kinks
• Asia Pacific dominated the market with a revenue share of 32.7% in 2021. The market growth in this region is primarily attributed to the rising demand for cosmetics products. The demand for personal care products is tremendously increasing among millennials and young adults in the region. Numerous companies are launching personal care products targeting young adults and millennials. For instance, in June 2022, Shiseido launched Sidekick, a new skincare line for Gen-Z men in Asia Pacific
• Mergers & acquisitions, agreements, R&D activities, and expansions are the key strategies adopted by the companies over the past years. For instance, in March 2022, Vantage Specialty Chemicals acquired JEEN International Corporation (manufacturer and provider of chemicals) and BotanicalsPlus (supplier of botanical extracts). The comprehensive portfolio of organically derived ingredients offered by Vantage Personal Care, which includes active compounds, natural oils, and bio-based chassis ingredients, is greatly complemented by JEEN

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Emollients Market Segmentation

Grand View Research has segmented the global emollients market report based on type, form, application, and region:

Emollients Type Outlook (Revenue, USD Million; Volume, Kilo Tons, 2017 - 2030)

• Esters
• Fatty Alcohols
• Fatty Acids
• Ethers
• Silicones
• Others

Emollients Form Outlook (Revenue, USD Million; Volume, Kilo Tons, 2017 - 2030)

• Solid
• Liquid

Emollients Application Outlook (Revenue, USD Million; Volume, Kilo Tons, 2017 - 2030)

• Skin Care
• Hair Care
• Deodorant
• Oral Care
• Others

Emollients Regional Outlook (Revenue, USD Million; Volume, Kilo Tons, 2017 - 2030)

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

List of Key Players of Emollients Market

• BASF SE
• Clariant
• Eastman Chemical Company
• The Lubrizol Corporation
• Covestro AG
• Evonik Industries AG
• Hallstar
• Croda International PLC
• Ashland Inc.
• Sasol
• Lonza
• Stepan Company
• Oleon Health and Beauty
• Solvay
• Vantage Speciality Chemicals.

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.

Point-of-Care Medical Imaging Market Expected to Succeed in CAGR of 4.3% by 2030

 Point-of-Care Medical Imaging Market Growth & Trends

The global point-of-care medical imaging market size is anticipated to reach USD 1.67 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.3% from 2023 to 2030. Technological advancements and the growing adoption of point-of-care(POC) medical imaging devices by end-users are likely to boost the industry's growth in the coming years. Also, the increasing prevalence of chronic disorders and the rising geriatric population are other key factors contributing to the growth of this industry. For instance, according to the International Agency for Research on Cancer, in 2020, globally, 18,078,957 new cancer cases were registered and the number is expected to reach 43,841,302 by 2025.

The use of POC devices has increased since the COVID-19 pandemic, as these systems have proven to be effective in monitoring critically ill patients at their bedside. The POC imaging systems are used in both diagnostic and therapeutic applications, these contribute to better patient care and value by decreasing transport risks, enhancing studies, and improving operating room surgical results. Moreover, POC imaging helps substantially reduce the (turnaround time) TAT, which is essential in handling emergency patients. Hospitals and clinics are replacing stationary modalities with portable technology, to enhance patient care and save in-hospital patient transportation expenses as well as the processing time, cost, and storage associated with traditional film systems.

For instance, in July 2022, MIOT hospital, based in Chennai, India, acquired a mobile full-body CT scan equipment to help in real-time imaging during surgeries. Strategic initiatives undertaken by top market players, such as product launches, partnerships, collaborations, and government approvals, are further expected to add to the market growth. In October 2022, NeuroLogica Corp. received the European Union (EU) CE marking for its Elite Mobile Computed Tomography, with this, it is anticipated that the company's portfolio of mobile CT scanners will continue to provide the European Union with point-of-care CT imaging.

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Point-of-Care Medical Imaging Market Report Highlights

• Based on products, the ultrasound segment accounted for the largest share in 2022 owing to the introduction of technologically advanced POC ultrasound systems
• The CT product type segment is expected to register the fastest CAGR during the forecast period
• The general imaging segment held the largest revenue share in 2022 as general imaging is less expensive than other applications and includes a wide range of scans
• The ASCs end-use segment is expected to grow at the fastest CAGR over the forecast period due to the rising number of patients visiting ASCs for taking surgical care
• Asia Pacific is been estimated to be the fastest-growing region from 2023 to 2030 due to the presence of the target population, increasing healthcare awareness, and rising government funding for R&D and upcoming research projects

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Point-of-Care Medical Imaging Market Segmentation

Grand View Research has segmented the global point-of-care medical imaging market based on product, application, end-use, and region:

POC Medical Imaging Product Outlook (Revenue, USD Million, 2018 - 2030)

• X-ray
• CT
• Ultrasound

POC Medical Imaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• General Imaging
• Cardiovascular
• Musculoskeletal
• Others

POC Medical Imaging Market End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Clinics
• Ambulatory Surgical Centers

POC Medical Imaging Market Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• 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 Point-of-Care Medical Imaging Market

• GE Healthcare
• Siemens Healthineers AG
• Philips Healthcare
• Canon Medical Systems Corp.
• Mindray
• FUJIFILM SonoSite, Inc.
• Esaote
• Neurologica
• Samsung Medison
• Xoran Technologies, LLC

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.

Proton Exchange Membrane Fuel Cell Market Report | Business Growth 2030

 Proton Exchange Membrane Fuel Cell Market Growth & Trends

The global proton exchange membrane fuel cell market size is expected to reach USD 13.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.1% from 2023 to 2030. The rising pressure across the globe to reduce carbon emissions through supporting energy safety is a factor supporting the growth of the PEMFC market. Government funding is being exchanged by business funding and which in turn displayed positive growth throughout the projected period. PEMFC is expected to emerge as the most dominant form of fuel cell owing to its ability to suit both transportation and stationary applications. It is a popular choice for transportation applications due to its unique characteristics that make it a suitable alternative to conventional power sources. Unlike other fuel cell technologies, PEMFCs can start quickly. This feature is crucial for applications in the transportation sector where quick startups are essential.

The market is likely to witness strategic alliances to expand end-user segments in emerging markets. Public-private partnerships are expected to be critical for attaining an economically viable technological shift. The introduction of sustainable technologies to replace the existing power generation technologies is anticipated to lead to high costs, which is projected to challenge the innovations carried out by key market players like Intelligent Energy Limited, Plug Power Inc., ITM Power PLC, Ballard Power Systems, PowerCell Sweden AB, Cummins Inc.

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Proton Exchange Membrane Fuel Cell Market Report Highlights

• In terms of revenue, the portable segment accounted for a significant share of the market in 2022 and is further expected to witness steady growth over the forecast period
• Asia Pacific region is projected to grow at a substantial rate throughout the forecast period. Japan is expected to account for the maximum share in the Asia-Pacific region
• Automotive segment dominated the industry, accounting for 63.84% of total market revenue in 2022
• High-temperature segment accounted for the largest share of 59.39% in the market in 2022
• North America is likely to display a substantial growth rate during the projected period

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Proton Exchange Membrane Fuel Cell Market Segmentation

Grand View Research has segmented the global proton exchange membrane fuel cell market based on application, material, type, and region:

Proton Exchange Membrane Fuel Cell (PEMFC) Type Outlook (Revenue, USD Million, 2018 - 2030)

• High Temperature
• Low Temperature

Proton Exchange Membrane Fuel Cell (PEMFC) Material Outlook (Revenue, USD Million, 2018 - 2030)

• Membrane Electrode Assembly
• Hardware
• Others

Proton Exchange Membrane Fuel Cell (PEMFC) Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive
• Stationary
• Portable
• Others

Proton Exchange Membrane Fuel Cell (PEMFC) Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Proton Exchange Membrane Fuel Cell (PEMFC) Market

• Intelligent Energy Limited
• Plug Power Inc.
• ITM Power PLC
• Ballard Power Systems
• PowerCell Sweden AB
• Cummins Inc.
• AVL
• Nedstack Fuel Cell Technology BV
• Horizon Fuel Cell Technologies
• Altergy

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 Pendant Market to Observe Strong Development by 2030: Grand View Research Inc.

 Medical Pendant Market Growth & Trends       

The global Medical Pendant Market is anticipated to reach USD 845.51 million by 2030, registering a CAGR of 6.69% during the forecast period, according to a new report by Grand View Research, Inc. Increasing volume of chronic care patients and rising investments in healthcare infrastructural development are the factors expected to boost demand for medical pendants.

The rise in number of patients needing medical care is expected to propel the Medical Pendant Market growth. For instance, escalating geriatric population, surging prevalence of chronic and infectious diseases has caused in a significant growth in hospital admissions for critical care. This in turn has led to uplifting demand for the medical pendant installations in healthcare settings, thereby boosting the market growth.

Emergence of highly sophisticated hospitals such as super-specialty and multi-specialty hospitals will increase demand for the installation of medical pendants. For instance, according to American Hospital Association statistics in 2020, there were 6,146 acute care and critical acess hospitals in the U.S.

In addition, due to the significant outbreak of this infectious disease, there has been a global demand for the modern healthcare services and infrastructure to treat infected patients that have never been seen before. Therefore, the medical pendants which are an important aspect of the healthcare services are in high demand, globally, due to the escalation in COVID-19 patients. Thus, the outbreak of COVID-19 in the year 2020 has positively impacted the market growth.

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Medical Pendant Market Report Highlights

• Based on product, the fixed segment dominated the market in 2022 with a share of 30.88% owing to its higher adoption in surgeries, anesthesia, endoscopy, and intensive care units
• Based on application, the surgery segment dominated the market in 2022 with a share of 28.99%, owing to the increasing number of surgical procedures worldwide
• Based on capacity, the low duty segment accounted for a significant market share in 2022 owing to the rising demand for the low-cost fixed arm pendants in small hospitals and small clinics
• Hospital segment dominated the overall market with a share of 46.31% in 2022, owing to the increasing number of hospitals, globally, and rising government funding for the hospitals. For instance, the Australian government provides 41.0% of the public hospital funding and 24.0% of the private hospital funding
• North America dominated the market with the highest revenue share of 31.23% in 2022 due to the well-established healthcare infrastructure, high incidence rate of the chronic disorders, and extensive public funding in the healthcare system

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Medical Pendant Market Segmentation

Grand View Research has segmented the global Medical Pendant Market based on the product, application, capacity, end use, and region:

Medical Pendant Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fixed
• Fixed Retractable
• Single Arm Movable
• Double & Multi-arm Movable
• Accessories

Medical Pendant Application Outlook (Revenue, USD Million, 2018 - 2030)

• Surgery
• Endoscopy
• Anesthesia
• Intensive Care Unit (ICU)
• Others

Medical Pendant Capacity Outlook (Revenue, USD Million, 2018 - 2030)

• Low Duty
• Medium Duty
• Heavy Duty

Medical Pendant End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Clinics
• Others

Medical Pendant 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
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Medical Pendant Market

• Elektra Hellas S.A
• Starkstrom
• Brandon Medical Co. Ltd
• Skytron LLC
• Surgiris
• BeaconMedaes
• MEDIMAXKOREA
• Tedisel Medical
• Ondal Medical Systems GmbH
• Megasan Medikal

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.

Endocrine Testing Market Forecasted to Grow at Steady Pace During 2022-2030: Grand View Research Inc.

 Endocrine Testing Market Growth & Trends

The global endocrine testing market is expected to reach USD 4.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 8.31% from 2022 to 2030. The growing prevalence of life style diseases such as obesity coupled with diabetes & thyroid among the adult as well as the geriatric population is driving the need for endocrine testing. The routine endocrine testing in individuals will help in overall maintenance of health and thus this awareness of better health is significantly contributing to the global endocrine testing market growth.

As per the statistics by WHO, more than 39 million children in 2020 who were under the age of 5 were overweight or obese. The sedentary life along with unhealthy diet choices have contributed to obesity as well as diabetes in the general population. This occurrence of diseased conditions has also prompted many researches into the metabolic functions and related hormonal disorders.

Funding from government and private organizations has also driven the scientific community. For instance, the NIDDK (National Institute of Diabetes and Digestive and Kidney Diseases) by NIH drives many sponsored research programs towards improving health by better understanding of diseases. One such effort by NIDDK was the mid-atlantic symposium conducted in September 2022 for diabetes and obesity research. This will enable scientific knowledge exchange and interactions and allow collaboration at the regional level. Such initiatives will drive the understanding of endocrine function in the human body and will further enable the endocrine testing market growth.

The lack of awareness in underdeveloped and developing countries is anticipated to slow the growth of endocrine testing market. The developing health care settings and absence of reimbursement models restrain the individuals in these regions to undergo routine endocrine testing. However, with the growing consciousness of a healthy system during the COVID-19 pandemic is expected to upswing the testing frequency for these countries as well.

The outbreak of COVID-19 has created lucrative opportunities for the application of endocrine testing. COVID-19 infections cause a systemic disease that injures many organs. Therefore, these patients have many metabolic and hormonal disturbances that led to an increase in the number of endocrine research. For instance, in March 2021, Endocrine society members sanctioned USD 10 billion to support COVID-19 research to identify and understand the short and long-term COVID-19 effects on the endocrine system. Similarly, in September 2020, The American Diabetes Association invested USD 1 million to fund various research projects for investigating the link between diabetes and COVID-19. Thus, it will increase the demand and further boost market growth.

In addition, the limitation of movement and restrictions due to the lockdown encouraged the digital platform for medical consultation and at home sample collection services as well. The availability of point-of-care devices and kits for the detection of hormone levels at home is also driving the overall growth of endocrine testing market.

The market players are also expanding their regional presence due to various factors that are anticipated to grow the endocrine testing market. Collaboration, partnerships and global expansions are some of the business strategies by the key players to drive revenue generation. For instance, in February 2022 Laboratory Corporation of America Holdings (Labcorp) announced opening of a new laboratory in Indiana, U.S. The new diagnostics business in South Bend, Indiana will enhance the company’s services and make their offerings accessible to both patients as well as physicians in this region. 

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Endocrine Testing Market Report Highlights

• By test type, the human Chorionic Gonadotropin (hCG) hormone testing accounted for the largest share in 2021, driven by the presence of self-test kits at pharmacy stores, along with tests in laboratories or hospitals for quantitative evaluation. Moreover, the frequency of testing during different weeks of pregnancy and high number of fertile female population are also the contributing factors.  
• By technology, immunoassay dominated the 2021 market, owing to the presence of instruments by key players which uses immunoassay-based detection techniques. The large number of instruments and test panels which rely on immunoassay technology, drives the endocrine testing market growth.
• By end-user, commercial laboratories contributed majorly to the revenue generation in 2021. The feasibility & availability of variety of testing panels for endocrinology and reproductive functions, services like at home collection and presence of digital platforms led to the increased segment share.
• North America had the highest revenue generated in 2021 for endocrine testing market. This is attributed to the vast presence of thyroid disorders, diabetes and obesity within the US population. Additionally, developed healthcare and increased spending pattern in this region also led to higher revenue generation.

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Endocrine Testing Market Segmentation

Grand View Research has segmented the global endocrine testing market based on test type, technology, end-user, and region:

Endocrine Testing Test Type Outlook (Revenue, USD Million, 2018 - 2030)

• Estradiol (E2) Test
• Follicle Stimulating Hormone (FSH) test
• Human Chorionic Gonadotropin (hCG) Hormone test
• Luteinizing Hormone (LH) Test
• Dehydroepiandrosterone Sulfate (DHEAS) Test
• Progesterone Test
• Testosterone Test
• Thyroid Stimulating Hormone (TSH) Test
• Prolactin Test
• Cortisol Test
• Insulin Test
• Others

Endocrine Testing Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Mass Spectroscopy
• Immunoassay
• Chromatography
• Nucleic Acid Based

Endocrine Testing End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Commercial Laboratories
• Ambulatory Care Centers
• Others

Endocrine Testing Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Endocrine Testing Market

• Abbott Laboratories
• AB Sciex
• Agilent Technologies Inc.
• bioMerieux SA
• Bio-Rad Laboratories Inc.
• DiaSorin S.p.A.
• Hoffmann-La Roche Ltd.
• Laboratory Corporation of America Holdings
• Quest Diagnostics Incorporated
• Ortho Clinical Diagnostics

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.

 

North America Rental Chillers Market Trends Analysis And Forecast Till 2030: Grand View Research Inc.

 North America Rental Chillers Market Growth & Trends

The North America rental chillers market size is anticipated to reach USD 0.4 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.3% from 2022 to 2030. The growing food and beverage industry in North America which requires conscientious process management, temperature controls, and quality production output is expected to augment market growth over the forecast period.

Public investments in non-residential buildings and non-residential structures are expected to drive the growth of the industry. In addition, increased spending in North America owing to ongoing economic and industrial development and increasing population is expected to fuel the demand for rental chillers in the region over the forecast period. Rising non-residential activities and ongoing urbanization in North America are expected to drive the growth of the non-residential industry in the region. Thus, the anticipated growth of the non-residential industry in North America is expected to contribute to the demand for rental chillers in the region over the forecast period.

The rise in disposable income of the middle-class population and the increase in the young population in North America with high spending power are anticipated to drive the growth of industrial and commercial activities in North America which will further drive the growth of rental chillers market in the region over the forecast period. North American rental chillers manufacturers are seeking collaborations, mergers, and acquisitions to expand their product lines and increase production capacity. Manufacturers are also focusing on increasing their manufacturing facilities in order to accommodate rising demand from end-use industries.

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North America Rental Chillers Market Report Highlights

• Water-cooled chillers accounted for 61.9% of the global revenue share in 2021. Water-cooled chillers are preferred by manufacturers over cold-air chillers since they take less space and can be installed indoors. Furthermore, this can lower the chiller’s maintenance & repair expenses and extend its life
• The air-cooled chillers accounted for a 38.1% share of the global revenue in 2021. Air-cooled chillers rely on a condenser that is cooled by the ambient air. As a result, air-cooled chillers are commonly used in smaller or medium-sized systems
• The commercial end-use segment is projected to witness a CAGR of 5.6% from 2021 to 2030. The rising awareness about the benefits of rental chillers in healthcare facilities is expected to contribute to the surged deployment of rental chillers in the region
• The industrial end-use segment accounted for around 25.2% of the global revenue share in 2021. Rental chillers are used in various applications such as injection molding, laser cutting, and printing
• In April 2021, United Rentals announced the acquisition of Franklin Equipment, LLC, a regional provider of equipment rentals, sales, and related services in the Midwest and Southeast U.S. This project increased the company’s visibility in important markets in the general rentals industry

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North America Rental Chillers Market Segmentation

Grand View Research has segmented the North America rental chillers market on the basis of product, end-use, and region:

North America Rental Chillers Product Outlook (Revenue, USD Million, 2017 - 2030)

• Water-Cooled
• Air-Cooled

North America Rental Chillers End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Industrial
• Residential

North America Rental Chillers Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • uS.
  • Canada
  • Mexico

List of Key Players of North America Rental Chillers Market

• United Rentals, Inc.
• Resolute Industrial
• Aggreko
• Carrier
• Sunbelt Rentals, Inc
• Trane
• Johnson Controls
• Daikin
• Power Mechanical
• Mobile Air & Power Rentals

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.

Ketones Market Outlook, Leading Manufacturers, Industry Analysis And Forecast: Grand View Research Inc.

 Ketones Market Growth & Trends

The global ketones market size is anticipated to reach USD 30.25 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.6% from 2022 to 2030. The market is driven by the growing awareness regarding keto diets in dietary supplements, food and beverage, and personal care and cosmetics across the globe.

The growing interest in weight management and healthy lifestyles among the general public and the increasing demand for ketone supplements are a few of the main factors fueling market revenue growth. Along with it, the rising use of natural ingredients is also a major factor facilitating market growth.

Chronic diseases such as cancer, cardiovascular problems, diabetes, and obesity are becoming more common due to lifestyle modifications and poor eating practices. One of the main causes of death is obesity as those who are obese are more likely to contract numerous illnesses and health problems. People all around the world are focusing on modifying their food habits and moving toward healthy lifestyles to maintain healthy living. The demand for the product is rising as a result of factors such as rising convenience food consumption, rising disposable income, and rising adoption of healthier lifestyles. To meet growing consumer demand, a number of large companies are manufacturing improved products.

The dietary supplements application segment accounted for the largest revenue share in 2021. Higher prevalence of various chronic diseases, knowledge of the advantages of ketone supplements, weight loss, rising interest in leading healthy lifestyles, and rising use of these supplements among athletes and sportspeople are some of the factors contributing to this segment growth.

The majority of the industry participants are inclined towards differentiating themselves from other players as the market is fragmented and competitive. Manufacturers of dietary supplements, personal care products, and cosmetics based on ketones are continuously engaged in research and development and introducing new products with new flavors in order to attract customers.

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Ketones Market Report Highlights

• The dietary supplements application segment is expected to register the fastest CAGR over the forecast period. This is attributed to the rising consumption of the keto dietamong health enthusiasts and rising awareness regarding ketones in dietary supplements
• The ketone salts segment is expected to expand at the fastest revenue-based CAGR of 4.2% over the forecast period owing to the capability of these salts to increase ketone levels in blood without a keto diet just like ketosis and provide energy
• Ketone oil held the largest revenue share of over 50.0% in 2021. This is attributed to its antioxidant, anti-microbial, and anti-inflammatory capabilities. Moreover, it is used as a carrier for active ingredients and viscosity regulator and as an emollient in cosmetics and personal care products
• Europe is expected to expand at the fastest revenue-based CAGR of 4.1% over the forecast period owing to the production of customized cosmetics and personal care products and growing consumer awareness regarding the use of natural ingredients
• Key companies are involved in rapid research and development and they dominate the global market with their extensive presence throughout the value chain

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Ketones Market Segmentation

Grand View Research has segmented the global ketones market based on type, application, and region:

Ketones Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Ketone Salts
• Ketone Esters
• Ketone Oil
• Raspberry Ketone

Ketones Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Cosmetics & Personal Care
• Food & Beverages
• Dietary Supplements
• Others

Ketones Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Ketones Market

• HVMN Inc.
• Ketone Aid Inc.
• Pruvit
• Caldic B.V.
• Ketologic
• Genomatica, Inc.
• Keto & Company
• Ancient Nutrition
• Ketone Aid Inc.
• Compound Solution Inc.
• BPI Sports
• Zhou Nutrition
• Boli Naturals

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.

Mass Spectrometry Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Mass Spectrometry Market Growth & Trends

The global mass spectrometry market size is projected to reach USD 9,697.0 million by 2030, at a CAGR of 8.06% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding early detection of chronic and infectious diseases and emerging technological advancements in diagnostic instruments are expected to significantly drive the market growth. In addition, there has been an increase in demand for cost-effective and automated techniques for disease diagnosis which is anticipated to increase the demand for mass spectrometry techniques and positively affect the growth.

The COVID-19 pandemic has boosted the demand for vaccine development due to recent advancements in virology-based research. Here, mass spectrometry has applications for the study of viral structure for SARS-CoV-2. The technique can also be used to study complex protein structures and protein-protein interactions associated with the virus. Hence, various pharmaceutical and biotechnology companies involved in COVID-19 vaccine and drug development efforts are anticipated to increase the demand for instruments and consumables.

In addition, various academic institutions and companies are indulging in product development strategies to support the demand for mass spectrometry from the proteomic market. For instance, in September 2022, the director of Northwestern’s Proteomics Center of Excellence published a paper on the development of a new imaging approach to enhance the identification of intact proteoforms. The team of researchers has built a Proteoform Imaging Mass Spectrometry (PiMS) system which is anticipated to assist mass spectrometry in various applications, including the detection of novel biomarkers, mapping of molecular tissue, and improvement in disease diagnosis.

Similarly, in October 2022, Thermo Fisher Scientific, Inc. announced the launch of mass spectrometry consumables and instrument that allows end-users in proteomics and biopharma to achieve significant breakthroughs. The instrument, known as Thermo Scientific Orbitrap Ascend Tribrid mass spectrometer, provides a new capability to direct multiple ions and enables to gain deeper insights into samples, along with rapid detection.

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Mass Spectrometry Market Report Highlights

• The instruments segment held the largest revenue share of 77.39% in 2022. This instrument segment drives the mass spectrometry industry as spectrometers offer a wide range of applications in the biotechnology sector for diagnostics and drug development
• Quadrupole liquid chromatography-mass spectrometry dominated the market in 2022 with a share of 37.09%. This is due to the significant advantages in accuracy and in-depth analysis offered by the technology
• By application, proteomics accounted for the largest share of 46.69% in 2022. The rising prevalence of infectious disease globally and efficient testing alternatives offered by mass spectrometry-based diagnostic techniques are driving the segment
• North America held the largest revenue share of 41.94% in 2022, due to the presence of an established healthcare sector and key players such as Thermo Fisher Scientific, Inc.; Agilent Technologies, Inc.; Bruker Corporation; Danaher Corporation, and others in the region
• The pharmaceutical and biotechnology companies segment held the largest revenue share of 43.98% in 2022. This is due to the rapid increase in research and development activities in recent years

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Mass Spectrometry Market Segmentation

Grand View Research has segmented the global mass spectrometry market based on product, technology, application, end-use, and region:

Mass Spectrometry Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments
• Consumables & Services

Mass Spectrometry Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Quadrupole Liquid Chromatography-Mass Spectrometry
• Gas Chromatography-Mass Spectrometry (GC-MS)
• Fourier Transform-Mass Spectrometry (FT-MS)
• Time-of-Flight Mass Spectrometry (TOFMS)
• Matrix Assisted Laser Desorption/Ionization-Time-of-Flight Mass Spectrometry (MALDI-TOF)
• Magnetic Sector Mass Spectrometry
• Others

Mass Spectrometry Application Outlook (Revenue, USD Million, 2018 - 2030)

• Proteomics          
• Metabolomics      
• Glycomics           
• Others     

Mass Spectrometry End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Government & Academic Institutions
• Pharmaceutical & Biotechnology Companies
• Others

Mass Spectrometry 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
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in the Mass Spectrometry Market

• Thermo Fisher Scientific, Inc.
• Agilent Technologies, Inc.
• Danaher Corporation
• Waters Corporation
• Bruker Corporation
• Shimadzu Corporation
• PerkinElmer, Inc.
• Rigaku Corporation
• LECO Corporation
• JEOL 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.