Therapeutic Respiratory Devices Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Therapeutic Respiratory Devices Market Growth & Trends

The global therapeutic respiratory devices market size is anticipated to reach USD 28.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.10% from 2023 to 2030. A growing geriatric population, rapid technological advancements, and increasing prevalence of respiratory diseases are the key factors that are driving the market. Moreover, the market is expected to grow owing to rapid technological advancements in the healthcare sector. Nowadays, respiratory monitoring devices use software applications for the collection and analysis of data from ventilators equipped with the health system.

Availability of ventilation facilities during the COVID-19 outbreak improved day-to-day operational capabilities. The American Association for Respiratory Care joined forces with different organizations to train respiratory therapists on operating ventilators in the pandemic. This has further stimulated the market players to increase their production capacity to meet the additional demand. For instance, Royal Philips presented an update on its goals to double hospital ventilator production by May 2020 and reach a four-fold growth by the third quarter of 2020

Growing prevalence of respiratory diseases is one of the high-impact rendering drivers of this market. According to WHO, 3.23 million people died due to COPD, and it was the third-largest cause of death worldwide in 2019. Likewise, WHO also estimates that by 2030, the four primary potentially fatal respiratory diseases-lung cancer, tuberculosis, COPD, & pneumonia-will cause approximately one in five deaths globally, up from one-sixth of all deaths in the world in 2008.

Furthermore, growing initiatives by government and private organizations, such as COPD Foundation that encourage awareness regarding respiratory illnesses & available treatments, are creating significant potential opportunities in the market. Omron Healthcare India and Lupin Limited established a long-term strategic partnership in June 2020 to improve respiratory disease treatment programs in India, with a primary focus on patients with asthma and COPD. This collaboration will usher in a new era in terms of improving drug delivery, adherence, diagnosis, and awareness.

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Therapeutic Respiratory Devices Market Report Highlights

• The oxygen concentrator segment accounted for the largest revenue share in 2022. Growing demand for home oxygen therapy, rise in incidence of respiratory diseases, rapid growth in aging population, high tobacco consumption, and technological advancements in respiratory devices are some of the reasons driving the segment
• The HEPA filter segment dominated the market in 2022 and accounted for a revenue share of over 40.0%. Prevalence of respiratory diseases and their transmission are among the factors driving the demand for HEPA filters 
• The ventilator filters segment is anticipated to dominate the segment over the forecast period. Increase in prevalence of respiratory disorders, anticipated to have a substantial influence on the market. Consequently, this creates opportunities for the ventilators filters market
• North America dominated the market and accounted for a revenue share of over 40.0% in 2022. Market growth in this region can be attributed to the availability of latest technologies and product launches
• Major key players implement strategies such as mergers, acquisitions, strategic partnerships, product launch or collaboration with local players to expand their market share. For instance, in June 2022, Medtronic & GE Healthcare received U.S. FDA 510(k) clearance and CE Mark on the combination of Microstream capnography and INVOS regional oximetry technologies on the CARESCAPE precision monitoring platform. Thus, clinicians now have additional ability to personalize care

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Therapeutic Respiratory Devices Market Segmentation

Grand View Research has segmented the global therapeutic respiratory devices market by product type, technology, filter, and region:

Therapeutic Respiratory Devices Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Nebulizers
  • Compressor-based Nebulizers
  • Piston based hand held nebulizer
  • Ultrasonic Nebulizer
• Humidifiers
  • Heated Humidifiers
  • Passover Humidifiers
  • Integrated Humidifiers
  • Built-In Humidifiers
  • Stand-alone Humidifiers
• Oxygen Concentrators
  • Fixed Oxygen Concentrators
  • Portable Oxygen Concentrators
• Positive Airway Pressure Devices
  • Continuous Positive Airway Pressure Devices
  • Auto-titrating Positive Airway Pressure Devices
  • Bi-level Positive Airway Pressure Devices
• Ventilators
  • Adult Ventilators
  • Neonatal Ventilators
• Capnographs
• Gas Analyzers

Therapeutic Respiratory Devices Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Electrostatic Filtration
• HEPA Filter Technology
• Hollow Fiber Filtration
• Microsphere Separation

Therapeutic Respiratory Devices Filter Outlook (Revenue, USD Million, 2018 - 2030)

• Nebulizer filters
  • Inlet filter
  • Replacement filter
  • Cabinet filter
• Humidifier filters
  • Wick filters
  • Permanent cleanable filters
  • Mineral absorption pads
  • Demineralization cartridges
• Positive airway pressure devices filter
  • Ultra-fine foam inlet filters
  • Polyester non-woven fiber filters
  • Acrylic & Polypropylene fiber filters
• Oxygen concentrator filters
  • HEPA Filter
  • Cabinet Filter
  • Pre-Inlet Filter
  • Inlet Filter
  • Micro Disk Filter
  • Felt Intake Filter
  • Bacterial Filter
  • Hollow-membrane Filter
• Ventilator filters
  • Mechanical filters
    • HEPA Filters
    • ULPA Filters
    • Activated Carbon Filters
  • Electrostatic filters
    • Tribocharged Filters
    • Fibrillated Filters

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

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

List of Key Players of Therapeutic Respiratory Devices Market

• CAIRE Inc.
• Koninklijke Philips N.V.
• ICU Medical (Smiths Medical)
• Medtronic
• Invacare Corporation
• Fisher & Paykel Appliances Ltd. 
• Mindray
• GE Healthcare
• ResMed
• Linde
• Chart Industries
• Drägerwerk AG & Co. KGaA
• DeVilbiss Healthcare

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 Demand for CBD Pet Market to Incur Considerable Upsurge During 2023 – 2030: Grand View Research Inc.

 

CBD Pet Market Growth &Trends

The global CBD pet market size is expected to reach USD 1.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 31.8% from 2023 to 2030. The key factors driving the market growth include growing expenditure on pets, pet humanization, rising R&D in pet products, and increased awareness & sales of cannodial (CBD) pet products. Furthermore, an increased understanding of conditions like osteoarthritis in pets also remains a strong driver of growth. According to Morris Animal Foundation, osteoarthritis affected about 14.0 million adult dogs in the U.S. in 2021.

The COVID-19 pandemic led to adverse impacts such as supply chain hurdles, a slowdown in retail sales, and restricted access to veterinary care. However, it also led to increased demand for CBD pet products as pet parents spent more time at home, with increased attention to their pet’s health. Market players leveraged the growing demand during COVID-19 by launching new pet-specific products.

In November 2020, CV Sciences, Inc., a key company specializing in hemp-derived CBD products, launched a full line of hemp extracts-Plus CBD Pet exclusively for dogs and cats. The product line was launched via the company’s offline and online retail channels, with plans to expand into food, drug, mass retail, and pet specialty channels in the global CBD pet industry.

The increasing number of research activities for CBD-based pet products is a key driver propelling market growth. For instance, according to a new article in the Research in Veterinary Medicine, Elsevier, recent advancements in CBD-based natural health products have led to several benefits in the area of pain, anxiety, and inflammation in felines & canines. More veterinary institutes shifted their focus toward studies in CBD and its potential applications in animal health & wellness. Furthermore, key companies continue to undertake R&D initiatives to expand their product portfolios. For example, Real Brands, a CBD company, acquired Biosciences Laboratories for USD 12 million to expand its production capacity by 300% in CBD markets and other pet & human markets.

Furthermore, increasing pet humanization has led to pet parents spending more and more on pet care to protect or extend life. Most pet owners view their pets as an irreplaceable addition to their family and continue to prioritize their physical & mental health. Thus, manufacturers are widely invested in CBD-hemp formulations such as foods, medicines, and supplements specifically for cats and dogs in addition to other pets. As the majority of pet owners are young, they display high awareness of CBD products and their ability to relieve their pets from several painful indications. Therefore, the rising pet humanization trend and growing pet product expenditure continue to drive the growth of the market.

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CBD Pet Market Report Highlights

• The CBD Pet industry reached a valuation of USD 195.9 million in 2022. It is expected to grow at a CAGR of 31.8% during the forecast period
• Expenditure on dogs remained a key highlight as it held the dominant market share of more than 50% in 2022, due to the increasing popularity of dogs as pets across the globe
• The joint pain segment is expected to dominate the market over the forecast period due to the increasing prevalence of arthritis in pets
• The e-commerce segment held the largest revenue share of over 40% in 2022, due to the segment’s perceived benefits of enabling pet parents to choose CBD products from a wide portfolio at competitive prices from the comfort of their home
• North America is expected to dominate the CBD Pet industry over the forecast period due to the presence of key market players coupled with growing awareness of cannabis benefits among pet owners

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CBD Pet Market Segmentation

Grand View Research has segmented the global CBD pet market based on animal type, indication, distribution channel, and region:

CBD Pet Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Dogs
  • Foods/Treats
  • Vitamins & Supplements
• Cats
  • Foods/Treats
  • Vitamins & Supplements
• Other Animal Types

CBD Pet Indication Outlook (Revenue, USD Million, 2018 - 2030)

• Joint Pain
• Anxiety/Stress
• Epilepsy
• General Health/Wellness
• Other Indications

CBD Pet Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Pet Specialty Stores
• E-commerce
• CBD Stores
• Others

CBD Pet Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the CBD Pet Market

• Honest Paws
• Canna-Pet
• FOMO Bones
• Pet Releaf
• HolistaPet
• Joy Organics
• Wet Noses Natural Dog Treat Co.
• CBD Living
• PETstock
• Petco Animal Supplies, Inc.
• Charlotte’s Web
• Green Roads
• HempMy Pet

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 Persulfates Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 

Persulfates Market Growth & Trends 

The global persulfates market size is estimated to reach USD 1.10 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% from 2022 to 2030. The growth can be attributed to the wide usage of persulfates for initiating emulsion polymerization reactions. Salts of sulfate are majorly used as radical initiators in the polymerization of certain alkenes. Persulfates are strong oxidants having excellent shelf life when stored properly. Moreover, they are economical to use, thus making them suitable for a variety of applications. 

Ammonium persulfate (APS) is used to treat metal surfaces, manufacture semiconductors, and etch copper on printed circuit boards. It is also used in the production of disinfectants. APS and hydrogen peroxide are used as oxidants in several industrial processes and are crucial constituents of standard hair bleaching products. Ammonium, sodium, and potassium persulfate are inorganic salts used as oxidizing agents in hair coloring preparations and hair bleaches. Persulfates are used in hair lighteners at a concentration of up to 60%. 

Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to a rapidly increasing manufacturing base and the growing plastics and rubber industries in the region. Additionally, rising concerns regarding water pollution in Asia Pacific are projected to fuel the demand for persulfates in the coming years. 

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Persulfates Market Report Highlights 

• In 2021, ammonium persulfate emerged as the dominant type segment with a revenue share of over 50.0%. This is attributed to its application as an etchant, a bleaching and cleaning agent, and a strong oxidizing agent
• The polymers end-use segment emerged as the dominant end-use segment with a revenue share of over 50.0% in 2021 owing to the high demand in the manufacturing of synthetic rubber for truck and automobile tires
• The electronics end-use segment is anticipated to expand at a significant CAGR of 4.0% in terms of revenue from 2022 to 2030 owing to the rapid growth of the consumer electronics sector across the globe
• Asia Pacific is projected to expand at the highest revenue-based CAGR over the predicted period owing to large rubber production in various countries including Vietnam, Malaysia, and Thailand

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Persulfates Market Segmentation

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

Persulfates Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Ammonium
• Sodium
• Potassium 

Persulfates End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

• Polymers
• Electronics
• Pulp, Paper, And Textile
• Oil & Gas
• Water Treatment
• Others

Persulfates Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030) 

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

List of Key Players of the Persulfates Market

• Evonik Active Oxygens
• RheinPerChemie
• UI VR Persulfates
• MITSUBISHI GAS CHEMICAL COMPANY, INC.
• Fujian ZhanHua Chemical Co., Ltd.
• Ak-Kim
• Yatai Electrochemistry Co. Ltd.
• Hebei Jiheng Group
• Fujian Jianou Yongsheng Industry
• San Yuan Chemical Co., 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.

Hospital Information System Market Size Is Predicted To Reach A Valuation Of USD 405.6 Billion By 2030: Grand View Research Inc.

 Hospital Information System Market Growth & Trends

The global hospital information system market size is expected to reach USD 405.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 17.4% from 2023 to 2030. Hospital information systems are being increasingly adopted to improve operational efficiency in the legal, administrative, and financial tasks in hospital facilities, which is one of the key factors driving industry growth. Moreover, increasing awareness about advanced IT services and rising demand to curb the growing healthcare costs are other key drivers of the industry. Several benefits associated with HIS, such as lower healthcare expenditure and higher operational efficiency of the systems, are expected to boost the adoption of IT solutions in healthcare facilities.

Hospital information solutions aid in reducing medical and administration errors. Electronic Health Records (EHRs), electronic medical records, patient engagement solutions, and population health management are the key types of information systems registering high adoption among end-users. The growing need for efficient management of a large volume of healthcare data generated and its accessibility by medical practitioners is also driving market growth. Furthermore, IT companies and healthcare settings are entering into collaborations and partnerships to curb the rising costs, streamline data storage, and effectively use data analytics for better healthcare delivery and outcomes coupled with efficient management and distribution of patient data.

For instance, in August 2022, Augmedix partnered with Adventist, the partnership will provide physicians with automated medical documentation, which will help reduce the burden on the physicians. Increasing initiatives undertaken by various governments to promote the adoption of the HIS are expected to boost the growth of the industry during the forecast period. The increased healthcare spending by the governments globally is also expected to positively contribute to the growth of this industry. For instance, the Australian Government spent USD 98.3 billion in 2021-22.

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Hospital Information System Market Report Highlights

• The population health management type segment accounted for the maximum revenue share in 2022 due to the improved healthcare outcomes provided by the software
• The web-based deployment segment dominated the industry in 2022 owing to benefits offered, such as reduced business costs and improved accuracy
• The software component segment led the industry in 2022 owing to the presence of technologically advanced IT infrastructure in healthcare organizations
• North America led the market in 2022 due to the presence of a large number of vendors, such as Cerner (Oracle), GE Healthcare, Carestream Health, IBM, and McKesson Corporation, in the region offering information solutions

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Hospital Information System Market Segmentation

Grand View Research, Inc. has segmented the global hospital information system market on the basis of type, deployment, component, and region:

Hospital Information System Type Outlook (Revenue, USD Million, 2016 - 2030)

• Electronic Health Records
• Electronic Medical Records
• Real-time Healthcare
• Patient Engagement Solutions
• Population Health Management

Hospital Information System Deployment Outlook (Revenue, USD Million, 2016 - 2030)

• Web-based
• On-premises
• Cloud-based

Hospital Information System Component Outlook (Revenue, USD Million, 2016 - 2030)

• Software
• Hardware
• Services

Hospital Information System Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players of Hospital Information System Market

• Carestream Health
• Siemens Healthineers
• McKesson Corp.
• Philips Healthcare
• Merge Healthcare Inc. (IBM)
• GE Healthcare
• Cerner Corp. (Oracle)
• Allscripts
• NextGen Healthcare

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.

Animal Wound Care Market is Likely To Touch USD 1.82 billion by 2030: Grand View Research Inc.

 

Animal Wound Care Market Growth & Trends

The global animal wound care market size is expected to reach USD 1.82 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 6.92% from 2023 to 2030. Key factors driving the industry growth include the rising adoption of companion animals, increasing pet population, increasing demand for veterinary surgeries, and rising animal injury cases. The global population of companion animals has also increased. In November 2021, the American Veterinary Medical Association (AVMA) reported that the companion animal population increased significantly from 2016 to 2020. As per the article, there were an estimated 76.8 million dogs in 2016 in the U.S., which increased to 83.7 million in 2020.

There was a similar increase in the pet cat population, from 58.4 million in 2016 to 60 million in 2020. As per the European FEDIAF, in 2021, there were nearly 113.5 million cats and 92.9 million dogs in Europe. Thus, the constantly rising pet population and respective adoption rates of dogs & cats are driving the industry. In addition, animals like dogs are more likely to sustain minor or major injuries. Accidental trauma to dogs is one of the more frequent types of injury incidents that are documented. Major trauma, such as bone fractures, internal & external injuries, hemorrhage & organ trauma, joint dislocations, brain trauma, and skin wounds including rashes, are frequently caused by car accidents. In the United States, each year, over 10,000 accidents, involving dogs, are reported, some of which result in damage or even the death of animals.

The U.S. Department of Transportation estimates that each year, over 1 million animals pass away on roads. On the other hand, dog fights or attacks can cause severe wounds in the skin and soft tissues, as the teeth can puncture deep into the underlying tissues, muscles, and organ walls. Untrained pets are more likely to get cuts, scrapes, and minor wounds frequently. Animals get injured in various scenarios, which can be severe and require immediate veterinary wound care for stitches, infection prevention, etc. Thus, with the increasing pet adoption and animal population globally, the demand for veterinary wound care & surgeries is also rising. This is expected to boost industrial development. Moreover, rising disposable income is expected to fuel the market growth during the forecast period.

For instance, a 2021 report by FEDIAF estimated that Europe’s annual pet product sales were about USD 28.1 billion, which grew by 3.1% from 2020. The animal health industry directly contributes to the global economy via wages, exports, jobs, and taxes. High-level R&D investments in various countries have led to the development of novel wound care medications for veterinary purposes. Macro-level economic factors, such as government agreements to improve supply chains and political issues including conflicts between countries are significantly impacting the industry. The pandemic has financially impacted as well as put other implications on most of the veterinary fields, including the animal wound care sector.

Governments all over the world responded to the COVID-19 pandemic with essential measures, such as countrywide lockdowns, following social distancing norms, large-scale quarantines, and travel restrictions. These were anticipated to negatively impact the animal healthcare businesses as well as veterinary services. Moreover, during the initial stages of the pandemic, cancellation & postponement of veterinary elective surgeries resulted in a decline in postoperative wound cases. Moreover, COVID-19 caused supply chain disruptions and decreased veterinary clinic visits & admission rates.

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Animal Wound Care Market Report Highlights

• The companion animal segment held a dominant revenue share in 2022 owing to the high pet adoption & humanization trends and growing pet healthcare expenditure
• The surgical wound care product segment is expected to dominate the industry over the forecast period due to rising usage of skin staplers due to their benefits including ease of use, shorter surgical times, and simplicity of removal
• The veterinary hospitals & clinics segment held the largest revenue share in 2022 owing to the benefits, such as faster diagnosis and easy access & availability of various treatments in these settings
• North America is expected to remain dominant throughout the forecast period due to an increase in efforts by major players to advance their product portfolios by guaranteeing high-quality standards

Access Press Release@ https://www.grandviewresearch.com/press-release/global-animal-wound-care-market

Animal Wound Care Market Segmentation

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

Animal Wound Care Product Outlook (Revenue, USD Million, 2018 - 2030)

• Surgical Wound Care Products
  • Sutures & Staplers
  • Tissue Adhesive
• Advanced Wound Care Products
  • Foam Dressings
  • Hydrocolloid Dressing
  • Film Dressing
  • Hydrogel Dressing
  • Others
• Traditional Wound Care Products
  • Tapes
  • Bandages
  • Dressing
  • Absorbents
  • Others
• Therapy Devices

Animal Wound Care Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Companion Animals
  • Dogs
  • Cats
  • Horses
  • Others
• Livestock Animals

Animal Wound Care End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Hospitals/Clinics
• Homecare
• Research Institutes

Animal Wound Care Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail
• E-commerce
• Veterinary Hospitals/Clinics

Animal Wound Care Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Animal Wound Care Market

• Braun Melsungen AG
• Medtronic
• 3M
• Johnson & Johnson (Ethicon)
• Virbac
• Advancis Veterinary Ltd.
• INNOVACYN, Inc.
• Vernacare (Robinson Healthcare)
• NEOGEN Corporation
• KeriCure, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Online Laundry Service Market Is Expected To Accomplish A Valuation Of Around USD 221.05 Billion By 2030: Grand View Research Inc.

 Online Laundry Service Market Growth & Trends

The global online laundry service market size is expected to reach USD 221.05 billion by 2030, registering a CAGR of 32.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Busy working schedules coupled with an increasing number of workingindividuals are major factors fueling the adoption of online laundry services among urban consumers. In addition, the demand is fueled by shifting consumer preferences and improving living standards on a global level. The rising economic stability of middle-class consumers in emerging markets is driving the demand for clothes, which has spurred the demand for online laundry services.

In addition, the increasing population and rising tourism activities play a key role in augmenting demand for online laundry services in the hospitality sector. These factors are anticipated to boost market growth in the commercial sector over the forecast period. The increasing number of hotels, hospitals, restaurants, and other commercial setups has led to a rise in the demand for online laundry services. Moreover, companies are striving to reach new consumers through various strategies, such as partnerships and expansions. For instance, in April 2022, Laundryheap Ltd. extended its partnership with UnderTheDoormat, a luxury home accommodation service that provides a modern living for guests seeking hotel-quality stay in the comfort of a home.

As a part of the collaboration, Laundryheap offers laundry and dry-cleaning services to all UnderTheDoormat visitors and homeowners as well as providing linen to UnderTheDoormat properties. In terms of value, the laundry care segment dominated the market and accounted for the largest share over the forecast period. The shifting trend toward clean homes & clothes and the growing importance of good health among consumers are factors driving the segment. Increasing environmental awareness has given rise to the trend of cold washing of clothes, which requires low temperatures and high-performance detergents.

North America held the largest market share in 2022 owing to the growing population of health-conscious consumers in the region, which has increased the usage of laundry services. the shifting trend toward hygiene and cleanliness among consumers, particularly in developed countries like the U.S., has increased the demand for cleaning products. Companies in the market are focusing on strategies, such as mergers and acquisitions, to gain industry share and increase their service footprint. In January 2023, Rinse, Inc. acquired Room Service Laundry (RSL), a Brooklyn-based laundry delivery service company. This acquisition allows Rinse Inc. to leverage the consumer base of RSL and continue its expansion in New York.

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Online Laundry Service Market Report Highlights

• The dry clean segment was valued at USD 6.71 billion in 2022 and is expected to reach USD 58.71 billion by 2030. The growing awareness about the advantages of dry cleaning among consumers drives demand for such services
• The commercial segment is expected to witness a substantial CAGR of 33.1% from 2023 to 2030. An increasing number of hotels and hospitals is expected to provide growth opportunities to online laundry service providers over the forecast period
• Asia Pacific region was valued at USD 5.29 billion in 2022 and is expected to register a CAGR of 35.9% over the forecast period. The growth in the region is majorly attributed to the improving economic stability and living standards in developing economies, such as India, China, and Indonesia

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Online Laundry Service Market Segmentation

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

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

• Laundry Care
• Dry Clean
• Duvet Clean

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

• Residential
• Commercial

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

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

List of Key Players of Online Laundry Service Market

• DhobiLite
• Cleanly (ByNext)
• Press Technologies, Inc.
• Lapels Cleaners
• Zipjet Ltd.
• Rinse, Inc.
• Mulberrys Garment Care
• Laundryheap Ltd.
• WASHMEN
• IHATEIRONING

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

E-commerce Packaging Market to Reach USD 235.8 Billion by 2030: Grand View Research Inc.

 E-commerce Packaging Market Growth & Trends

The global e-commerce packaging market size is expected to reach USD 235.8 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.9% over the forecast period. Growing e-commerce retail platforms and technology advancements, such as 5G, and wider geographic internet connectivity are boosting the e-commerce market. Thus, simultaneously driving the demand for convenient and efficient packaging. The introduction of 5G is expected to enhance the consumer experience of online shopping by introducing technologies like Augmented and Virtual Reality (AR/VR). These technologies will provide product display in the enhanced virtual environment; thus, improving consumer experience on product outlook.

According to the research on Shopify, more than half of consumers are willing to shop more if the e-commerce platform is offering an AR experience. The 5G technology is helping to power the growth of the e-commerce industry during the forecast period. The industry is expected to experience splendid growth during the forecast period owing to wider geographic internet connectivity. For instance, a project like starlinks will provide access to areas where connectivity has been a challenge, such as the rural parts of the world. The challenges of the internet in rural or remote parts of the world are contributing to the very limited opportunity for the e-commerce industry growth.

The introduction of wider geographic internet connectivity will create immense opportunities for the e-commerce market in remote parts of the world. However, the growing e-commerce industry is creating a large amount of packaging waste and various environmental concerns. For instance, 3 billion trees are cut every year to produce carton boxes, mailers, fillers, and paper-based packaging. Whereas, less than 20% of plastic packaging produced worldwide undergoes recycling. Thus, the environmental concern over increasing packaging waste is expected to restrain the market growth to some extent.

Key companies operating in the industry are majorly adopting various strategies, such as acquisitions and new product launches, to expand their manufacturing capabilities, product portfolios, and geographical presence. For instance, in July 2022, Coveris launched stretch films, which have 30% recycled content. In May 2022, Berry Global collaborated with Clean Farms & Poly-Ag Recycling to advance Canada’s circular economy. The collaboration was aimed at recovering used agricultural films and grain bag materials to produce new products with recycled content.

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E-commerce Packaging Market Report Highlights

• The corrugated boxes segment is expected to register the fastest CAGR from 2022 to 2030 due to the increasing demand for sustainable packaging, rising trade activities, and growing dependency of customers on the online delivery of goods
• In addition, boxes are affordable and ensure product safety during transportation and handling
• Plasticsaccounted for the highest revenue share in 2021 due to their applicability, easy availability, low weight & costs, and functionality of offering excellent protection against environmental factors (air and water) to the packaged goods
• Apparel & accessories emerged as the dominating product segment in 2021 and will expand further at a steady CAGR from 2022 to 2030
• Asia pacific commanded the largest revenue share in 2021. Owning to increasing penetration of the internet, increasing dependency on e-commerce purchases, and rising disposable income in the region.

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E-commerce Packaging Market Segmentation

Grand View Research has segmented the global e-commerce packaging market on the basis of product, material, application, and region:

E-commerce Packaging Product Outlook (Revenue, USD Million, 2017 - 2030)

• Corrugated Box
• Poly Bags
• Tapes
• Protective Packaging
• Mailers
• Others

E-commerce Packaging Material Outlook (Revenue, USD Million, 2017 - 2030)

• Plastic
• Corrugated Board
• Paper & Paperboard
• Woods

E-commerce Packaging Application Outlook (Revenue, USD Million, 2017 - 2030)

• Electronics & Electrical
• Apparels & Accessories
• Personal Care
• Pharmaceuticals
• Household
• Food & Beverages
• Pet Food
• Others

E-commerce Packaging Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of E-commerce Packaging Market

• Amcor Plc.
• Berry Global Group, Inc.
• CCL Industries
• Coveris
• Sealed Air
• Sonoco Products Company
• WINPAK Ltd.
• Alpha Packaging
• Constantia Flexibles
• Mondi
• Gerresheimer AG
• Silver Spur Corp.
• Greif
• Transcontinental Inc.
• ALPLA

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.

Edge Data Center Market to Exhibit Impressive Growth During 2023– 2030: Grand View Research Inc.

 Edge Data Center Market Growth & Trends

The global edge data center market size is expected to reach USD 34.91 billion by 2030 and is set to expand at a CAGR of 18.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of Internet of things across various end-use industries, the rapid growth of mobile and IoT applications, and the rising popularity of online streaming and e-commerce services are major drivers of market growth. It is anticipated that factors including the increasing adoption of 5G technology to improve communication, rising spending on data center technology, increasing demand to reduce data center complexity, and development in the AR/VR technology, will also contribute to the market's growth.

Moreover, COVID-19 has increased the penetration of technologies such as 5G, IoT, cloud, and edge computing. Owing to the global adoption of the work-from-home policy, the demand for edge data centers has witnessed a remarkable rise during the pandemic period. The pandemic has forced the major workforce to work remotely, which has resulted in a growing number of companies investing additional resources in IT services. The need for data centers has increased over the past few years as a result of this expanding digitization.

The companies in the edge data center industry have been involved in various strategic initiatives to gain better traction in the market. For instance, in March 2023, AtlasEdge announced a partnership with PacketFabric to offer customers cloud connectivity. The partnership would enable AtlasEdge to use PacketFabric’s TruNaaS Converge Platform. PacketFabric has deployed high availability 100GB private network in 2 locations AtlasEdge which are in Hamburg and Berlin. This initiative has helped enable companies to reach a wider audience, thereby driving the growth of the edge data center industry.

As edge data centers are typically smaller than centralized data centers, their scalability is limited. This can be a major limitation for applications that demand a high level of scalability, such as cloud-based apps or data-intensive workloads. However, edge data centers are expected to develop in the anticipated period because they are well-positioned to meet the growing demand for localized computing and storage resources, as well as upcoming technologies such as 5G and IoT. Edge data centers can assist in improving speed, reducing latency, and providing greater security, making them an essential component of the digital infrastructure.

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Edge Data Center Market Report Highlights

• By component, the solution segment accounted for the major revenue share of 87.7% in 2022. It is anticipated to maintain its dominance over the forecast period. Increased use of hardware and software solutions such as analytics, networking equipment, DCIM, IT racks, enclosures, and power and cooling systems in data centers is attributed to the market growth
• By service, the professional segment is projected to occupy the largest share of the edge data center industry in 2022. The same trend is expected to continue its dominance over the forecast period. The growth of the professional segment can be attributed to the rising demand for the large number of companies offering professional services
• The small & medium facility size is expected to witness the highest growth rate of 19.2% during the forecast period. Small and medium facility segment includes facilities with 1 to 12 racks, with a power draw of 8 to 12 kW/rack. They are ideal for reducing space, deploying quickly, and offering ways to cut costs. Edge data centers are designed to be smaller and more localized than standard data centers
• In terms of the end-use industry, the IT & telecom segment accounted for the major revenue share of 39.6% in 2022. It is anticipated to maintain its dominance over the forecast period. The rapidly growing IT and telecom industry across the globe is creating more demand for edge data centers
• North America held the highest market share of 33.1% in 2022. It is expected to retain its position over the forecast period. The high adoption of edge data center solutions and services in this region is the major driving factor behind the market growth.North America's growth is attributed to the growing adoption of edge data centers for various factors, including the requirement to serve future technologies such as 5G, IoT, and AI, which demand low latency and high bandwidth connections

Access Press Release@ https://www.grandviewresearch.com/press-release/global-edge-data-center-market

Edge Data Center Market Segmentation

For the purpose of this study, Grand View Research has segmented the global edge data center market based on component, facility size, end-use, and region:

Edge Data Center Component Outlook (Revenue, USD Billion, 2018 - 2030)

• Solution
  • Hardware
  • Software
• Service
  • Professional
  • Managed

Edge Data Center Facility Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small And Medium Facility
• Large Facility

Edge Data Center End-use Industry Outlook (Revenue, USD Billion, 2018 - 2030)

• IT And Telecom
• BFSI
• Healthcare And Lifesciences
• Manufacturing & Automotive
• Government
• Gaming And Entertainment
• Retail And E-Commerce
• Others

Edge Data Center Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Edge Data Center Market

• Cisco Systems Inc.
• Dell Inc.
• Eaton
• Fujitsu
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• IBM
• NVIDIA Corporation
• Schneider Electric
• Vertiv Group Corp.
• CommScope
• 365 Data Centers

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.

Protein Supplements Market Forecast 2023-2030: Rising Growth With Excellent CAGR Of 8.0%

 Protein Supplements Market Growth & Trends

The global protein supplements market size is expected to reach USD 10.8 billion by 2030, growing at a CAGR of 8.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing steady growth driven by several factors including shifting dietary preferences toward plant-based foods coupled with rising consumer awareness toward nutritional supplements.

Consumers are becoming increasingly health-conscious as well as there is growing awareness of the potential health benefits associated with a plant-based diet. This trend has led to an increased demand for plant-based protein supplements, which are considered a healthier and more sustainable alternative to traditional animal-based protein sources.

One of the main advantages of plant-based protein supplements is that they tend to be lower in saturated fat and higher in fiber than animal-based protein sources. They are also easier to digest, making them a popular choice for individuals with digestive issues or food sensitivities.

In addition to the health benefits, plant-based protein supplements are seen as a more environmentally sustainable option than animal-based sources. The environment is impacted significantly by animal agriculture, including greenhouse gas emissions and water usage. By choosing plant-based protein supplements, consumers can reduce their environmental footprint and contribute to a more sustainable food system.

The rise of veganism and vegetarianism has also contributed to the increasing preference for plant-based protein supplements. As more consumers adopt these lifestyles, there is a growing demand for high-quality, plant-based protein sources that can help individuals meet their nutritional needs.

Furthermore, the emergence of online platforms and e-commerce websites has made it convenient for consumers to purchase protein supplements, which has further contributed to the growth of the market. Consumers can now easily compare prices, read product reviews, and purchase supplements from the comfort of their own homes.

Recognizing the immense growth potential of protein supplements for sports and nutrition, the market players are engaging in various strategies to leverage this demand. For instance, in October 2022, The Vitamin Shoppe joined forces with Warner Bros. Consumer Products to introduce DC flavors by BodyTech. This range of pre-workout, protein, creatine, and other premium supplement products is inspired by the iconic superheroes and super-villains of the DC Universe, offering customers a new and exciting way to incorporate their favorite characters into their fitness routine. The Wonder Woman Sherbet Whey Protein Isolate, for instance, has high concentrations of BCAAs, is low in lactose, and contains fast-absorbing, high-quality protein.

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Protein Supplements Market Report Highlights

• Based on source, animal-based protein supplements held the largest market share of 61.1% in 2022. It has a higher protein concentration and is, therefore, preferred for manufacturing supplements
• The protein powder segment emerged as the largest product segment with the highest revenue share of 56.1% in 2022. Plant-based protein powders are also gaining popularity, driven by the increasing number of consumers opting for vegan or vegetarian diets
• Based on region, the Asia Pacific region is anticipated to witness a significant CAGR of 8.8% over the forecast period owing to rising awareness among consumers regarding the important role of gut health in overall wellness
• Some of the major market players include Glanbia Plc; MusclePharm; Abbott; CytoSport Inc.; QuestNutrition LLC; Iovate Health Sciences International Inc.; The Bountiful Company; AMCO Proteins; and Now Foods

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

Protein Supplements Market Segmentation

Grand View Research has segmented the global protein supplements market based on source, product, application, distribution channel, and region:

Protein SupplementsSource Outlook (Revenue, USD Million, 2017 - 2030)

• Animal-based Protein Supplements
  • Whey
  • Casein
  • Egg
  • Fish
  • Others
• Plant-based Protein Supplements
  • Soy
  • Spirulina
  • Pumpkin Seeds
  • Wheat
  • Hemp
  • Rice
  • Pea
  • Others

Protein SupplementsProduct Outlook (Revenue, USD Million, 2017 - 2030)

• Protein Powders
• Protein Bars
• RTD
• Others

Protein SupplementsApplication Outlook (Revenue, USD Million; 2017 - 2030)

• Sports Nutrition
• Functional Foods

Protein SupplementsDistribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Supermarkets
• Online
• DTC
• Others

Protein SupplementsRegional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Protein Supplements Market

• Glanbia Plc
• MusclePharm
• Abbott
• CytoSport Inc.
• QuestNutrition LLC
• Iovate Health Sciences International Inc
• The Bountiful Company
• AMCO Proteins
• Now Foods
• Transparent Labs
• WOODBOLT DISTRIBUTION LLC
• Dymatize Enterprises LLC
• BPI Sports
• Jym-Supplement-Science
• RSP Nutrition
• International Dehydrated Foods, Inc
• BRF
• Rousselot
• Gelita AG
• Hoogwegt

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.