Luxury Footwear Market Expected To Propel Industry Growth By 2030: Grand View Research Inc.

 Luxury Footwear Market Growth & Trends

The global luxury footwear market size is anticipated to reach USD 57.78 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% from 2023 to 2030. The growing influence of casual and streetwear on high-end fashion is also responsible for the rise of luxury footwear globally, where it is now increasingly acceptable to pair footwear with a tailored suit. Luxury brands like Kering, Prada, and Balenciaga are launching striking and expensive designs in sneakers, putting them in direct competition with large sportswear players like Asics, Nike, Puma, New Balance, and Adidas.

Formal shoe luxury footwear led the market and accounted for 58.2% share of the global revenue in 2021. With the growing demand for luxury shoes among the millennial population worldwide, many luxury footwear brands have started catering to the casual shoe category to gain the attention of consumers. For instance, in 2018, KIZIK design, a luxury footwear brand, announced the launch of its patented hands-free technology that offers automatic fit to the wearer. The shoes come without shoelaces and when worn, the technology ensures that shoes are flexibly opened to let the foot go in without the involvement of the hands.

The casual shoe segment is anticipated to be the fastest-growing segment with a CAGR of 7.4% from 2020 to 2027. New product launches in sustainable space, the latest styles, fashion shows by famous personalities, and celebrity endorsements in luxury footwear are among the major reasons attracting varied sets of consumers worldwide.

The COVID-19 outbreak is likely to reduce the demand for luxury footwear across the globe. Store closures due to lockdown measures have resulted in grim consequences, with sales of footwear and accessories from both offline and online channels declining consistently. For instance, sales data reported for Amazon between mid-February and mid-March 2020 showed that apparel and footwear sales fell by an average of 40 percentage points. Consumers have become more conscious of their spending habits and tend to avoid buying frivolous or luxury products, which is a major challenge for the market.

The women segment led the market and accounted for 47.1% share of the global revenue in 2021. The increasing participation of women in corporate roles has raised the number of first-time buyers of luxury footwear across the globe. According to the data from the United States Department of Labor, in 2018, close to 45% of the workforce in the U.S. were women. A large number of women are opting for unique and luxury footwear to experience products of high quality and portray a certain image in society.

Offline distribution channels dominated the market and accounted for a 75.7% share of the global revenue in 2021. Wide product range, offers, and discounts attracting a larger number of consumers are the key strategies opted by such channels to increase revenue and footfall in any store. In addition, consumers have the propensity to physically verify the making, durability, and uniqueness of luxury footwear in person by visiting a store as these examinations offer them more confidence to buy the product.

The online distribution channel is expected to witness the fastest growth during the forecast period. The rising popularity of e-commerce channels among manufacturers and high internet penetration has been driving sales through this channel. In addition, an increase in the number of luxury private sales websites, such as gilt.com, ruelala.com, and hautelook.com, has been boosting segment growth.

North America dominated the market for luxury footwear and accounted for a 29.1% share of the global revenue in 2021. Growth in the market is powered by the strong presence of high-net-worth individuals (HNW) in the region. According to a report by Wealth-X, in 2018, New York was the home to the most HNW individuals in the world which is 65% larger than the second city in the world. The people in this region have high disposable income and affluence for luxury products, which is fueling the regional market growth.

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Luxury Footwear Market Report Highlights

• By product, formal shoe luxury footwear led the market and accounted for 58.2% share of the global revenue in 2021. The rising importance of luxury footwear as a reflection of one’s professionalism at the workplace, particularly in corporate and fashion industries, is expected to remain a prominent factor augmenting product demand
• By distribution channel, the online segment is expected to witness the fastest growth of 7.6% throughout the forecast period. The increasing availability of a wide range of luxury footwear of different brands, free delivery, and seasonal discount on e-retailer platforms are among the major reasons driving the segment
• Asia Pacific is expected to register the fastest CAGR of 7.6% from 2022 to 2030. Social media marketing campaigns, growing preference for luxury footwear by millennials, and increasing disposable income have been boosting the number of first-time buyers, thus driving the market in the region.

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Luxury Footwear Market Segmentation

Grand View Research has segmented the global luxury footwear market report based on product, end-user, distribution channel, and region:

Luxury Footwear Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Formal Shoe
• Casual Shoe

Luxury Footwear End-user Outlook (Revenue, USD Billion, 2017 - 2030)

• Men
• Women
• Children

Luxury Footwear Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Online
• Offline

Luxury Footwear Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of the Luxury Footwear Market

• LVMH
• Chanel Limited
• Burberry Group PLC
• Silvano Lattanzi
• Prada S.p.A
• Testoni
• Martens
• Base London
• John Lobb Bootmaker
• Salvatore Ferragamo
• Lottusse - Mallorca
• Adidas AG

About Grand View Research

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

Brazil Bone Graft And Substitutes Market Overview, Analysis And Forecast To 2030: Grand View Research Inc.

 Brazil Bone Graft And Substitutes Market Growth & Trends

The Brazil bone graft and substitutes market size is anticipated to reach USD 162.23 Million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 4.7% from 2023 to 2030 primarily owing to the rising adoption in the field of dentistry, and intense rivalry to capitalize on untapped opportunities.

Allografts and synthetic materials are included in the material type segment. Allografts are further classified as demineralized bone matrix and others. Synthetic materials are subdivided into bone morphogenetic proteins (BMP), polymers, composites, and ceramics. In 2021, the synthetic segment held the largest revenue market share in Brazil, primarily owing to the advantages of synthetics over allografts. For instance, synthetic bone grafts can enable repairs over a larger area of bone since it is more readily available.

Due to its widespread acceptability among dentists in Brazil, dental application is expected to dominate others. Off-label sales are still a strong trend in the country; off-label products draw in a large customer base by promising high quality at a significantly lower price than branded variants

Furthermore, increasing obesity rates among Brazilians because of population aging and rising incidences of orthopedic disorders, including spinal fusions, are factors boosting the market growth. For instance, according to the Brazilian Institute of Geography and Statistics (IBGE), 17.4% of people in Brazil will likely be aged 65 & above by 2040, an increase from the current 9.2%. Brazil's elderly population is projected to reach 25.5% of the total population by 2060, thereby increasing the prevalence of chronic orthopedic illnesses.

Due to the pricing competitiveness that local manufacturers confront, overseas players are subject to intense competition. Moreover, companies like Johnson & Johnson and Medtronic are able to maintain a competitive market position owing to the continued availability of DBM products and the customers' brand loyalty.

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Brazil Bone Graft And Substitutes Market Report Highlights

• The Brazil bone graft and substitutes market was valued at USD 110.27 Million in 2022 and is expected to expand at a CAGR of 4.7 % during the forecast period
• Based on the material type, the synthetic segment is expected to be the fastest-growing segment over the forecast period. This is due to its adoption, as there is no risk of disease transmission, the material is readily available, and the products are typically less expensive than other BGS
• Based on the application, the dental segment held the largest share and is estimated to grow at the highest CAGR of 4.5% from 2023 to 2030
• Companies are strategizing for product enhancement & diversification, and current players are adopting strategies for product launches to address present issues with BGS products. According to a 2018 article in the Brazilian Journal of Pharmaceutical Sciences, Bionnovation Biomedical Products Ltd., for instance, developed and tested its BONEFILL block in preliminary trials with the expectation that a positive outcome would allow the company to introduce a new product. Moreover, firms would eventually increase their market share in the coming years due to positive end-user feedback

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Brazil Bone Graft And Substitutes Market Segmentation

Grand View Research has segmented the Brazil bone graft and substitutes market based on material type and application:

Brazil Bone Graft And Substitutes Material Type Outlook (Revenue, USD Million, 2018 - 2030)

• Allograft
  • Demineralized Bone Matrix
  • Others
• Synthetic
  • Ceramic
    • Hydroxyapatite (HAP)
    • Beta Tricalcium Phosphate (ß-TCP)
    • Alpha-Tricalcium Phosphate α-TCP
    • Bi-Phasic Calcium Phosphates (BCP)
    • Others (Calcium sulfates, etc)
  • Composites
  • Polymers
  • Bone Morphogenetic Proteins (BMP)

Brazil Bone Graft And Substitutes Application Outlook (Revenue, USD Million, 2018 - 2030)

• Craniomaxillofacial
• Dental
• Foot and Ankle
• Joint Reconstruction
• Long Bone
• Spinal Fusion

List of Key Players in the Brazil Bone Graft And Substitutes Market

• Depuy Synthes (J&J)
• Medtronic
• Nuvasive, Inc.
• Orthofix Medical, Inc.
• Smith & Nephew, Inc.
• Stryker
• Zimmer Biomet
• Geistlich Pharma AG
• BAUMER
• GMReis
• Einco Biomaterial
• Bionnovation
• Ceramisys (Distributor: Asher Medical Products)
• Osseocon Biomateriais
• NEOORTHO

About Grand View Research

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

U.S. Laundry Facilities And Dry-Cleaning Services Market Pegged For Strong Growth During 2022-2030: Grand View Research Inc.

 U.S. Laundry Facilities And Dry-Cleaning Services Market Growth & Trends

The U.S. laundry facilities and dry-cleaning services market size is expected to reach USD 16.10 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.5% from 2022 to 2030. Increased demand for internet/on-demand laundry services, state cleanup programs, and the introduction of technologically-enhanced equipment such as coin- or card-powered machines are factors driving the industry’s growth.

Recent technological breakthroughs have provided laundry organizations with something they've never had before—the capacity to manage and evaluate utility usage and other crucial laundry parameters. Laundry businesses can assess the impact of utility usage on their expenses and make changes by leveraging existing software solutions and taking a more active approach to utility management.

The dependency of customers on retail laundry & dry-cleaning services is observed to be higher in single or dual-person dwellings in the country, particularly in rented places. As of the 2021 U.S. Census, there were approximately 44 million housing units occupied by renters in the U.S. Moreover, according to the U.S. Census Bureau, in 2021, there were 37 million single-person households, composing 28 percent of all households. The retail laundry/dry clean service segment falls under the mature market category.

Costs for laundry facilities and dry cleaning services are significant. Laundry facilities and dry cleaning services cost more in larger states such as California, Florida, and New York, whereas they are less expensive in Alabama and Idaho. Starting a laundry facility can cost between USD 100,000 and USD 250,000. A significant chunk of the laundry business cost includes the machines. Top load machines generally cost between USD 500 and USD 700 and front load machines cost between USD 3,500 and USD 20,000.

An automated system designed to help laundry businesses assemble clean orders more quickly and effectively attracted industry attention recently at the Clean Show, a key event for the laundry and dry cleaning services industry. The LED-Assisted Rapid Assembly (LARA) system aims to eliminate an industry pain point by modernizing the time-consuming process of identifying and ordering garments before returning them to customers. LARA uses software and hardware components developed by Dark POS, a provider of point-of-sale business solutions for the dry cleaning, retail, restaurant, and hospitality industries.

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U.S. Laundry Facilities And Dry-Cleaning Services Market Report Highlights

• The retail laundry or dry clean service segment held a significant market share in 2021, owing to its high adoption by consumers. These services offered under long-term contracts are called laundry routes. Operations mainly consist of money collection and maintenance
• The increasing demand from corporate clients, such as hospitals, schools & universities, government departments, and resorts is propelling the corporate and industrial laundry services segment. The commercial sector’s rapid growth, particularly in terms of mushrooming restaurants and cafes across the country, is driving the corporate/industrial laundry services market. It is estimated that in the next five to ten years, more companies will be establishing their business centers in the U.S.
• Consumers in the Northeast region are continuously opting for laundry facilities and dry-cleaning services as companies offer reasonably priced convenience. Growing awareness regarding the importance of overall appearance, personal care, and hygiene, coupled with the influence of social media and emerging trends in fashion, drives the market growth

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U.S. Laundry Facilities And Dry-Cleaning Services Market Segmentation

Grand View Research has segmented the U.S. laundry facilities and dry-cleaning services market based on type, and region:

U.S. Laundry Facilities & Dry-Cleaning Services Type Outlook (Revenue, USD Million, 2017 - 2030)

• Coin-Operated Services
• Retail Laundry/ Dry Cleaning Services
• Corporate/Industrial Laundry Services
• Others

U.S. Laundry Facilities & Dry-Cleaning Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• Northeast
• Southwest
• Midwest
• West
• Southeast

List of Key Players in the U.S. Laundry Facilities And Dry-Cleaning Services Market

• CSC ServiceWorks, Inc.
• Lapels Dry Cleaning
• Yates Dry Cleaning & Laundry Services
• ByNext
• Lavatec Laundry Technology GmbH
• Angelica Corporation
• Tide Cleaners
• FlyCleaners
• ZIPS Dry Cleaners
• The Huntington Company

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.

Electric Breast Pumps Market is Anticipated to Upgrade USD 2.68 Billion Revenue By 2030: Grand View Research Inc.

 Electric Breast Pumps Market Growth & Trends

The global electric breast pumps market size is expected to reach USD 2.68 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 8.91% from 2023 to 2030. The main factors influencing the industry are the development of healthcare infrastructure in developing nations, rising employment rates for women worldwide, and the presence of favorable demographics.

The women’s employment rate has been increasing globally. For instance, according to European Commission, in 2018, the women’s employment rate in Europe was around 67%, which increased by 1% from 2017 to 2018, whereas, the same increased by five percentage-point from 2008-2018. The increase in women’s employability is expected to increase the use of electric breast pumps, thereby propelling the market growth over the forecast period.

Additionally, a surge in the number of births worldwide is further anticipated to help the electric breast pump market impel. According to reports by CDC, the birth rate rose first time in the past 7 years in 2021. Moreover, the fertility rate was calculated to be 56.6 births per 1,000 women, which was up by around 1% in 2021, from 2020. An increase in fertility rate is expected to increase the number of births, thereby increasing demand for electric breast pumps, in the forthcoming years.

Moreover, the electric breast pumps market has seen significant growth over the last few decades, owing to increasing product launches by key players, and rising R&D activities. For instance, in November 2020, Spectra Baby USA launched a new electric breast pump ‘the Synergy Gold dual-powered electric breast pump’. It offers breastfeeding mothers cutting-edge technology that enables personalized pumping sessions. Moms that are used to single-pumping and alternating sides may easily double-pump thanks to the new design, which uses one separate motor for each side and is independently adjustable. Such innovations are expected to increase the use of electric breast pumps over the forecast duration.

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Electric Breast Pumps Market Report Highlights

• In terms of type, the double electric breast pumps segment held the largest market share of 61.52% in 2022 and is expected to witness the fastest growth over the forecast period due to its several benefits and high adoption, as compared to single electric breast pumps
• In terms of application, the hospital grade segment held the largest market share in 2022, owing to the increasing number of hospitals and rising healthcare expenditure
• Hospital pharmacy dominated the distribution channel segment with a market share of 38.49% due to the rising number of births in hospital settings. However, the e-commerce segment is anticipated to witness the fastest growth rate in this segment
• North America is expected to dominate the electric breast pump market growth over the forecast period owing to the rising women’s employment and the significant presence of key players operating in the market

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Electric Breast Pumps Market Segmentation

Grand View Research has segmented the global electric breast pump market based on type, application, distribution channel, and region:

Electric Breast Pumps Type Outlook (Revenue, USD Million, 2018 - 2030)

• Single
• Double

Electric Breast Pumps Application Outlook (Revenue, USD Million, 2018 - 2030)

• Personal Use
• Hospital Grade

Electric Breast Pumps Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital Pharmacy
• Retail Store
• E-commerce
• Wholesaler/Distributor
• Direct Purchase

Electric Breast Pumps Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Electric Breast Pumps Market

• Medela AG
• Koninklijke Philips N.V.
• Ameda AG
• Hygeia Health
• Lansinoh Laboratories, Inc.
• Spectra Baby USA
• Pigeon Corporation
• Evenflo
• Willow
• Ardo
• Motif Medical
• Elvie

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 Data Center Accelerator Market to Witness Soaring Growth During 2022– 2030: Grand View Research Inc.

 Data Center Accelerator Market Growth & Trends

The global data center accelerator market size is anticipated to reach USD 70.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 23.5% from 2022 to 2030. The demand for data center accelerators is likely to grow owing to increasing adoption of technologies such as AI, IoT, & big data analytics. The COVID-19 pandemic had a positive impact on the data center accelerator market. Factors such as increased corporate awareness of the advantages that cloud services can offer, increased board pressure to provide more secure & robust IT environments, as well as the establishment of local data centers contributed to the growth of data center accelerators. Demand for businesses that rely on digital infrastructure has increased, which has led to significant growth in demand for data center network services in many industries. Data centers are now maintaining program availability and data security as more businesses and educational institutions already moved online.

Top industries using HPC are healthcare, manufacturing aerospace, urban planning, and finance. The University of Texas at Austin researchers are advancing the science of cancer treatment through the use of HPC. In a ground-breaking 2017 project, researchers examined petabytes of data to look for connections between the genomes of cancer patients and the characteristics of their tumors. This paved the way for the university to apply HPC in additional cancer research, which has now expanded to include efforts to diagnose and treat cases of prostate, blood-related, liver, and skin cancers.

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Data Center Accelerator Market Report Highlights

• Based on processor, the GPU segment accounted for the maximum revenue share of 46.1% in 2021. This can be attributed to the increasing use of GPU acceleration in IoTcomputing, bitcoin mining, AI and machine learning, etc. Moreover, GPU acceleration’s parallel processing architecture is useful in life science analytics such as a genome sequencing.
• Based on type, the HPC data center segment is expected to grow at the highest CAGR of 26.0% over the forecast period. This can be attributed to a rising preference for hybrid and cloud-based high performance computing (HPC) solutions, use of HPC in vaccine development, advances in virtualization, etc.
• Based on application, the deep learningtraining segment dominated the market with a share of 40.8% in 2021 and is expected to grow at a CAGR of 20.7% over the forecast period. This can be attributed to increasing adoption of deep learning in hybrid model integration, self-supervised learning, high performance natural language process (NLP) models, and neuroscience based deep learning.
• North America held the largest share of 40.1% in 2021 and is expected to retain its position over the forecast period. Presence of several data center accelerator solution and service providers makes North America a promising region for the market.
• Asia Pacific is anticipated to expand at the highest CAGR of over 26.8% over the forecast period. Suitable government policies and the need for data center infrastructure upgradation in Asia Pacific are driving the growth of the data center accelerator market in the region.
• In October 2020 Intel Corporation launched Intel Xeon Scalable Platform to assist secure sensitive workloads. This platform has new features that include Intel Platform Firmware Resilience (Intel PFR), Intel Total Memory Encryption (Intel TME), and new cryptographic accelerators to support the platform and advance the overall integrity and confidentiality of data.

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Data Center Accelerator Market Segmentation

Grand View Research has segmented the global data center accelerator market based on processor, type, application, and region:

Data Center Accelerator Processor Outlook (Revenue, USD Million, 2017 - 2030)

• GPU
• CPU
• FPGA
• ASIC

Data Center Accelerator Type Outlook (Revenue, USD Million, 2017 - 2030)

• HPC Data Center
• Cloud Data Center

Data Center Accelerator Application Outlook (Revenue, USD Million, 2017 - 2030)

• Deep Learning Training
• Public Cloud Interface
• Enterprise Interface

Data Center Accelerator Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Data Center Accelerator Market

• Advanced Micro Devices, Inc
• NVIDIA Corporation
• Intel Corporation
• Qualcomm Technologies, Inc.
• Advantech Co., Ltd.
• Achronix Semiconductor Corporation
• Micron Technology, Inc.
• Marvell
• KIOXIA Holdings Corporation
• Western Digital Technologies

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.

Inhaled And Intranasal Products Contract Service Providers Market to Observe Strong Development by 2030: Grand View Research Inc.

 Inhaled And Intranasal Products Contract Service Providers Market Growth & Trends

The global inhaled and intranasal products contract service providers market size is estimated to reach USD 4.5 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.5% from 2023 to 2030. There is an increased awareness of the effective and advanced respiratory devices compared to the traditional treatments fueling the growth of the market.

Inhaler design has seen little change in the past ten years, but some features have led to advancements that open new possibilities for disease treatment according to an article published by the National Library of Medicine (NIH) in 2021. The development of vibrating mesh systems for nebulizers was the most significant advancement, whereas the formulation, metering system, and aerosol dispersion properties are the three main components of dry powder inhaler technology. Furthermore, one of the most important breakthroughs at the start of the new millennium was the regulatory approval and commercialization of Advair/Seretide (GlaxoSmithKline). These developments and advancements in the design of the product improve the drug delivery system. Hence, contributing to the growth of the inhaled & intranasal products contract service providers market.

COVID-19 has resulted in a positive impact on the market. For instance, according to a July 2020 article titled "Inhalers Safe During COVID-19 Pandemic," asthma and chronic obstructive pulmonary disease patients are usually prescribed inhaled and oral corticosteroids along with inhalers to avoid attacks. Inhaler shortages occurred in the U.K. as a result of a 400% increase in demand during the pandemic. The U.K.’s population was attempting to stock up in anticipation of the COVID-19 pandemic, according to the Department of Health and Social Care, which resulted in distressing shortages. As a result, during the pandemic phase, such incidences increased the demand for the market.

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Inhaled And Intranasal Products Contract Service Providers Market Report Highlights

• Metered- dose inhalers (MDIs) segment dominated the market with a revenue share of 50.6% in 2022. This is due to the rise in their ease of use, which is often self-administered by the patient through inhalation in short bursts of a predetermined dose
• Based on services, contract manufacturing dominated the segment with a revenue share of 54.8% in 2022. The increasing focus of manufacturers on reducing the cost of medical devices drives the growth of the market
• Quality assurance services is anticipated to register the fastest CAGR growth of 10.8% during the forecast period
• Asia Pacific dominated the market in 2022 with a 41.7% market share. The presence of a large number of contract manufacturers, and increasing respiratory diseases such as COPD are the key factors driving the growth of the market

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Inhaled And Intranasal Products Contract Service Providers Market Segmentation

Grand View Research has segmented the global inhaled and intranasal products contract service providers market based on drug delivery product, services, and region:

Inhaled And Intranasal Products Contract Service Providers Drug Delivery Product Outlook (Revenue, USD Million, 2018 - 2030)

• Metered - dose Inhalers
• Dry Powder Inhalers
• Nebulizers
• Others

Inhaled And Intranasal Products Contract Service Providers Services Outlook (Revenue, USD Million, 2018 - 2030)

• Quality Assurance
• Regulatory Affair Services
• Product Design & Development
• Product Testing & Sterilization
• Product Implementation
• Product Upgrade
• Product Maintenance
• Contract Manufacturing

Inhaled And Intranasal Products Contract Service Providers Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
  • Rest of EU
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Rest of MEA

List of key players in the Inhaled And Intranasal Products Contract Service Providers Market

• Lonza
• Catalent Inc.
• Kindeva Drug Delivery
• Recipharm
• Quotient Services
• Hovione
• Colep
• Beximo Pharmaceuticals
• DPT Laboratories
• Orion

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.

Water Treatment Systems Market To Reap Over $69.5 Billion In Revenues By End Of 2030

 

Water Treatment Systems Market Growth & Trends

The global water treatment systems market size is anticipated to reach USD 69.5 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 14.8% from 2023 to 2030. The rising level of contaminants in water sources worldwide is expected to drive the global demand for water treatment systems to ensure a safe water supply. As the water pollution level rises, consumers are expected to switch from traditional water purifiers to technologically advanced ones, thereby leading to the growth of the market worldwide. According to the United Nations World Water Development Report, the metropolitan population tackling water scarcity is expected to increase from 930 million in 2016 to between 1.7 and 2.4 billion people in 2050.

The growth in the urban population is rampant in emerging economies with limited capacity and other restraints on natural resources and creating water stress. Cities impact the water cycle and groundwater tables in numerous ways, mostly because they draw substantial volumes of water from groundwater and surface water sources. The growing urban population is anticipated to contribute to the increasing pollution of the water bodies, thereby driving the global demand for water treatment units. The disruptions of water distribution networks are expected to contaminate the water supply, resulting in the discharge of stormwater and untreated wastewater to consumers. This is expected to result in the spread of a variety of waterborne diseases, along with other health risks being posed to consumers.

For instance, waterborne pathogens caused 7,000 fatalities, 120,000 hospitalizations, 7 million illnesses, and USD 3 billion in healthcare expenses, according to the Centers for Disease Control and Prevention (CDC) 2022 Report. Thus, water treatment systems are becoming more popular around the world due to their capacity to produce safe water that is free of toxins, thereby fueling the market demand. Water scarcity, floods, and poor water quality affect emerging economies, such as India, Brazil, and China, disproportionately. According to the WHO, inadequate water and sanitation are held responsible for up to 80% of illnesses in these economies. Trusted water sources in a number of countries are being contaminated by pollution or rising sea levels. Water scarcity, along with the lack of proper sanitation, disproportionately affects the health, safety, and ability of humans to engage in economic activities.

All these aforementioned factors are anticipated to increase product adoption in the coming years, thereby fueling the growth of the market. Key manufacturers are focusing on collaborations, mergers, and acquisitions to expand their business and increase production capacity. They are also investing in increasing their manufacturing facilities to accommodate rising demand from the application industries, such as commercial, industrial, and residential. For instance, in March 2023, DuPont introduced PES ultrafiltration membranes and DuPont Multibore PRO. Customers who want to lower the distress of modules necessitated in water purification systems can utilize Multibore PRO as part of a multi-technology approach to municipal drinking water, desalination, or industrial water applications.

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Water Treatment Systems Market Report Highlights

• The point-of-use (PoU) segment accounted for 59.9% of the global revenue share in 2022 as a result of various factors including high water contamination, increased population, and awareness about the advantages of water treatment
• The reverse osmosis (RO) systems segment accounted for a 25.9% share of the global revenue in 2022. Nitrate, phosphorus, potassium, calcium, magnesium, radium, sulfate, fluoride, and arsenic levels in water are reduced with RO
• Commercial applications are projected to witness growth at a CAGR of 8.9% from 2023 to 2030 driven by concerns about new contaminants and rising demand for high-quality drinking water coupled with the rapidly growing commercial sector
• Asia Pacific accounted for around 35.7% of the global revenue share in 2022. The ongoing industrialization & urbanization and improving public infrastructure, including healthcare, and transportation, are expected to positively affect the regional market growth during the forecast period

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Water Treatment Systems Market Segmentation

Grand View Research has segmented the global water treatment systems market based on installation, technology, application, and region:

Water Treatment Systems Installation Outlook (Revenue, USD Billion, 2018 - 2030)

• Point-of-Use (PoU)
• Point-of-Entry (PoE)

Water Treatment Systems Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Reverse Osmosis Systems
• Distillation Systems
• Disinfection Methods
• Filtration Methods
• Water Softeners
• Others

Water Treatment Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
• Industrial

Water Treatment Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Water Treatment Systems Market

• 3M
• Honeywell International Inc
• DuPont
• Panasonic
• Pentair plc
• BWT Aktiengesellschaft
• Culligan
• Watts Water Technologies Inc.
• Aquasana, Inc.
• Calgon Carbon Corporation
• Pure Aqua, Inc
• EcoWater Systems LLC
• AQUAPHOR
• FilterSmart
• WCC (Water Control Corporation)

About Grand View Research

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

Custom Software Development Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2030

 Custom Software Development Market Growth & Trends

The global custom software development market size is expected to reach USD 146.18 billion by 2030, registering a CAGR of 22.4% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. Today's organizations leverage customized solutions to transform their business by enhancing existing applications and developing new ones. Several industries and individuals are adopting custom software platforms due to the growing need for industry-specific applications, the increasing popularity of flexible workplaces, and the emergence of low-code development platforms.

Additionally, market growth is fueled by increasing reliance on chatbots, robotic process automation, and other emerging technologies to enhance the efficiency of custom software. Platform as a Service (PaaS) and open-source solutions are driving demand for custom software for cost-effectiveness and ease of upgrading, along with blockchain technologies to ensure enhanced levels of the COVID-19 pandemic, demonstrated the potential of a remote workforce. Considering the size of the organization and the remote workforce, a company started implementing custom software to walk the line between cost reduction and a remote workforce.

Enterprises rely more on custom software to automate business operations and scale up their business applications using the agile development process. Adapting to evolving business processes, increased workloads, and new integrations is easy with agile software development. Vendors are collaborating to introduce comprehensive enterprise agility solutions to clients to modernize their work environments. For instance, in October 2022, Accenture plc, a custom software developer, partnered with Atlassian Corporation, a software company, to implement Atlassian Corporation’s software tools to enhance enterprise agility. Businesses are investing heavily in custom software to customize their businesses, which leads to significant growth of the market.

Due to the rapid growth of the software market, new technological solutions have become increasingly important to address problems immediately . The development of custom software can now be more easily accomplished due to software development using low-code platforms. Enterprise systems and application architecture are integral to enterprises' processes and lifecycles. Low-code software development enables companies to create working solutions and integrate them with greater speed and agility, improving user experiences, automating processes, and upgrading key systems. Due to their low cost, companies can prototype, build, or scale applications by using their scripts, codes and integrations without developing complex infrastructure.

A platform as a service enables custom software developers to create software without having to maintain the underlying infrastructure. Furthermore, Companies provide Platform as a Service(PaaS) in pay-per-use options while reducing development costs and time. In view of the benefits listed above, many companies are collaborating with PaaS providers. For instance, in March 2022, OpenText, enterprise information management company, announced the launch of its OpenText core content on Google Cloud. The OpenText solution would enhance user experience, utilizing Google cloud capabilities and a secure software supply chain. OpenText would benefit from this partnership by getting access to cloud-based content services. Increasing use of the platform as a service is expected within enterprises in order to enable streamlined, secure, and governed data access for entire enterprises, as well as offering customers more cloud-based content services.

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Custom Software Development Market Report Highlights

• The web-based solutions is expected to drive the market growth owing to factors such as low development costs, less development time, ease in software upgradation, data sharing and collaboration, and less hardware cost
• The cloud segment is expected to grow significantly during the forecast period owing to its scalability, ease of implementation, and software updates. A cloud-based application eliminates the need for end-users to buy licenses
• The small & medium enterprises segment is anticipated to register the highest CAGR. It provides companies with a highly flexible workspace and scalability. Moreover, it’s cost effective in the longer run as SMEs enterprisers only develop features that are required for business. It provides support and assistance
• The BFSI sector is anticipated to have the highest market share over the forecast period.
• Custom software has security control of financial application data. Moreover, it allows for time-sensitive maintenance and support for the custom application. Custom software development facilitates the integration of new technologies
• The Asia Pacific is anticipated to register the highest growth rate over the forecast period, owing to the increasing use of technology. Corporates are becoming more competitive, and SMEs are increasing in the region

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Custom Software Development Market Segmentation

Grand View Research has segmented the global custom software development market based on solution, deployment, enterprise size, end-use, and region:

Custom Software Development Solution Outlook (Revenue, USD Million; 2018 - 2030)

• Web-based Solutions
• Mobile App
• Enterprise Software

Custom Software Development Deployment Outlook (Revenue, USD Million; 2018 - 2030)

• Cloud
• On-premise

Custom Software Development Enterprise Size Outlook (Revenue, USD Million; 2018 - 2030)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Custom Software Development End-use Outlook (Revenue, USD Million; 2018 - 2030)

• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Custom Software Development Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA
  • United Arab Emirates (UAE)
  • Saudi Arabia
  • South Africa

List of Key Players in the Custom Software Development Market

• Brainvire Infotech Inc.
• Capgemini
• Iflexion
• Infopulse
• Infosys Ltd.
• Magora
• MentorMate, Inc.
• Tata Consultancy Services Limited
• Trigent Software Inc.
• TRooTech Business Solutions

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 On-demand Home Services Market Top Players, Segments, Cost Structure, Demand, Sales | 2030 Forecast

 Online On-demand Home Services Market Growth & Trends

The global online on-demand home services market size is expected to reach USD 14.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 16.7% from 2022 to 2030.  The rising number of advertising and marketing campaigns is a critical online on-demand home services market trend that will contribute to the market growth. Presently, vendors in the global online on-demand home services market are launching advertisement campaigns through different platforms to generate customer awareness and retain a solid customer base. North America is expected to offer tremendous growth opportunities for the online on-demand home services market owing to the easier accessibility of products and services and quick payment options.

The rising number of advertising and marketing campaigns is a trend that will contribute to the market growth for online on-demand home services. Presently, vendors in the global market are launching advertisement campaigns through different platforms to generate customer awareness and retain a solid customer base. They have started using multiple strategic marketing tools to gain customers' attention.

The recent outbreak of COVID-19 had an immense effect on the online on-demand home services market. Even though the epidemic damaged the world economy, demand for cloud computing increased due to the pandemic. As a result, significant players took full benefit of the crisis to create ways to reform their business models. There was the rapid growth of the e-commerce platform, which essentially aided the boost in market growth. Further, during the pandemic, a large population was inclined towards digitalization and essentially adopted smartphones, which resulted in high internet penetration. Thus, the market witnessed a heightening requirement even during the pandemic. Hence, the increased demand during the lockdown restrictions has primarily helped the market gain traction.

In August 2022, Amazon planned to add mental health support to its primary-care service. Amazon Care, Amazon's primary-care service, intended to add behavioral health aid to its growing list of medical partners and offerings with Ginger, a mental health care provider. This facility will deliver Amazon Care users on-demand access to mental health professionals, like licensed psychiatrists or therapists. The move would observe the latest expansion of Amazon's nascent primary-care business, which shows on-demand virtual care with the help of an app, uniting people with physicians for immediate care services.

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Online On-demand Home Services Market Report Highlights

• The worldwide requirement for these types of facilities is rising owing to the ease of accessibility and convenience provided by these facilities
• The increasing usage of smartphones and their increasing demand and applications has also played a significant part in enhancing the demand for this market. It is expected that the rising demand for more comfortable accessibility of products is possible to pave the way for more opportunities in the near future
• The demand for healthcare on-demand will increase in recent years. Healthcare apps enable people to hire on-demand fitness and yoga trainer who can provide them with fitness and yoga training in person
• The mobile segment is expected to hold the largest market share and expand at a CAGR of 17.1% from 2022 to 2030
• The health and wellness segment is projected to grow at the highest CAGR over the forecast period
• The industry has remarkably evolved across the U.S. and Europe owing to the easy accessibility of products and services and quick payment options, which have been crucial factors affecting the market positively

Access Press Release@ https://www.grandviewresearch.com/press-release/global-online-on-demand-home-services-market

Online On-demand Home Services Market Segmentation

Grand View Research has segmented the global online on-demand home services market based on platform, type, and region:

Online On-demand Home Services Platform Outlook (Revenue, USD Million, 2017 - 2030)

• Web
• Mobile

Online On-demand Home Services Type Outlook (Revenue, USD Million, 2017 - 2030)

• Home Cleaning
  • Garden and Lawn Mowing
  • Maids
  • Laundry
  • Car Wash
  • Pest Control
  • Others
• Repairs and Maintenance
  • Plumbing
  • Electrical
  • Carpentry
  • Laptop Repair
  • Mobile Repair
  • Others
• Health and Wellness
  • Beauty/Salon Services
  • Fitness Coach
  • Physiotherapy
  • Others
• Others
  • Babysitting
  • Pet Care
  • Packing and Moving
  • Others

Online On-demand Home Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Online On-demand Home Services Market

• com, Inc.
• Angi Inc.
• Handy
• Helpling
• HomeAdvisor
• HouseJoy
• Task Easy
• TaskRabbit
• Thumbtack
• Urban Company

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.