Peptide Drug Conjugates Market to Exhibit Impressive Growth During 2023– 2030: Grand View Research Inc.

 Peptide Drug Conjugates Market Growth & Trends

The global peptide drug conjugates market is expected to reach USD 4.21 billion by 2030, registering CAGR of 28.58% during the forecast period, according to a new report by Grand View Research, Inc. The growth of market is attributed to the global upsurge in cancer cases and related mortality, strong clinical trial pipeline with peptide drug conjugates (PDCs) and associated side effects of the existing products such as uncontrolled toxicity associated with small molecule chemotherapeutic agents.

According to WHO, cancer is the leading cause of disease related deaths, worldwide. In 2020, around 10.0 million deaths globally and more than 6.0 million deaths in the U.S. were recorded due to the cancer. Furthermore, as per cancer.gov, by 2040, the new cancer cases patients per year is estimated to reach to 29.0 million and the number of cancer-related deaths to 16.0 million. Therefore, rising demand for the novel treatment like PDCs to target uncontrolled cell growth is expected to fuel the peptide drug conjugates market growth.

Currently, Lutathera (Lu 177 dotatate) and Pepaxto (Melflufen) are the two FDA approved PDCs to treat uncontrolled cell growth. The marketplace has the FDA approved PDC as the Novartis’s Lutathera (lutetium Lu 177)indicated for somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors in adults. Later, in February 2021, Oncopeptides ABs announced the FDA’s accelerated approval for Pepaxto (Melphalan) indicated for the treatment in multiple myeloma. Presence of limited PDCs in space in offering remunerative opportunity for the growth.

Furthermore, presence of robust clinical trial pipeline and expected launch of new PDCs is anticipated to boost the market growth during the forecast period. These can attribute due to the PDC ANG1005 under phase 3 clinical studies for brain tumor, and PDCs BT5528 and BT1718 under phase 2 to clinical studies for lung cancer. CBX-12 is another phase 2 PDC candidate indicated for the small cell lung cancer treatment.

Key players are undertaking strategic initiatives such as collaborations, merger & acquisitions, agreements, along with financial investments, which is driving the market growth. For instance, in December 2021, Coherent Biopharma and WuXi STA announced the strategic partnership agreement to develop their current and future therapeutic drugs including peptide drug conjugates.

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Peptide Drug Conjugates Market Report Highlights

• By product, Lutathera segment accounted for the largest share of the market in 2022 due to the first approved PDC and global rise in cancer patients which is offering high demand for these medicines
• Based on type, the therapeutic segment dominated the peptide drug conjugates market in 2022 owing to the presence of both approved PDCs, Lutathera and Pepaxto as therapeutic agents targeting tumor cells
• North America dominated the global market in 2022 owing to the factors such as an increase in new cancer cases along with related complexity and high awareness among healthcare professionals about novel therapies

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Peptide Drug Conjugates Market Segmentation

Grand View Research has segmented the global peptide drug conjugates market based on the product, type, and region:

Peptide Drug Conjugates Product Outlook (Revenue, USD Million, 2018 - 2030)

• OctreoScan
• Lutathera
• Pepaxto
• ANG1005
• BT1718

Peptide Drug Conjugates Type Outlook (Revenue, USD Million, 2018 - 2030)

• Therapeutic
• Diagnostic

Peptide Drug Conjugates Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players of Peptide Drug Conjugates Market

• Novartis AG
• Oncopeptides AB
• Bicycle Therapeutics
• AstraZeneca
• Cybrexa Therapeutics
• Angiochem Inc.
• Innovasium Soricimed Biopharma
• Theratechnologies

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.

Tankless Water Heater Market Forecasted to Grow at Steady Pace During 2023- 2030

 

Tankless Water Heater Market Growth & Trends

The global tankless water heater market size is expected to reach USD 6.80 billion by 2030, expanding at a CAGR of 8.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rapid growth in the adoption of these heaters in the residential and commercial industries, as they are capable of saving space as well as energy, drives the market growth. Additionally, several tankless water heaters are equipped with energy star ratings, which make them economical and eco-friendly for buyers which increases the market growth. The high cost of a tankless heater as compared to a traditional water heater is expected to restrain the market growth.

COVID-19 had a negative impact on the growth of the market. Most leading brands experienced a decline in sales due to the pandemic. This is due to the closure of numerous manufacturing & industrial facilities and delays in some infrastructural expansion projects. However, government relaxations on enforced lockdowns, followed by the continuation of industries and procedures have increased the market growth.

The electric tankless water heaters segment dominated the market with a market share of around 70.0% in 2021. Electric devices have a long lifespan and have low ongoing maintenance and replacement expenses. In addition, the cutting-edge design of these heaters make it possible to put them in confined spaces while at the same time eliminating need for the ventilation. Therefore, it is mostly used all over the world and generated a large revenue in 2021.

Europe acquired the largest revenue share in the tankless water heater market in 2021. The UK is dominating with a large share in the Europe tankless water heaters market. High market growth is owing to the adoption of energy-efficient and economical products. This has surged manufacturing investments in the U.K. by major companies, which resulted in a higher customer-partnership experience. A large number of products with qualities such as advanced heating capabilities, low standby losses, energy optimization, remote manageability, and Wi-Fi connection are the various factors that increased demand for the products in this region. Thus, Europe generated the largest revenue in 2021.

Various manufacturers are now concentrating not only on innovative product development but are also effectively generating sales and distribution networks for their products. Consumer focus is increasing on online product research for the data relating to their buying. As such, companies of tankless water heaters are growing their market presence and product availability online.

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Tankless Water Heater Market Report Highlights

• North America is expected to dominate the market during the forecast period from 2023 to 2030. This is owing to the continuing growth of innovative technology and the high demand for tankless water heaters in the business area. These factors fuel the modern trends in tankless water heater manufacturers in North America
• Electric tankless water heater segment is likely to grow at the fastest CAGR during the forecast period. An increase in demand for electric tankless water heaters in several applications such as commercial, residential, and industrial is likely to augment the growth of the market during the forecast period
• Residential segment is expected to dominate during the forecast period. An increase in awareness that energy consumption contributes considerably to global warming is one of the key factors driving demand for energy-efficient tankless water heaters in the residential sector, thus it is expected that the segment will expand at the fastest CAGR, during the forecast period

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Tankless Water Heater Market Segmentation

Grand View Research has segmented the global tankless water heater market based on product, application, and region:

Tankless Water Heater Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Electric Tankless Water Heater
• Gas Tankless Water Heater

Tankless Water Heater Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Residential
• Commercial

Tankless Water Heater Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List Of Key Players in Tankless Water Heater Market

• O. Smith
• Rheem Manufacturing Company
• Rinnai Corporation
• Bradford White Corporation
• Robert Bosch LLC
• EcoSmart Green Energy Products, Inc.
• StiebelEltron Inc.
• Takagi
• Noritz America
• Navien 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.

Artificial Intelligence As A Service Market Expected to Succeed in CAGR of 37.1% by 2030

 Artificial Intelligence As A Service Market Growth & Trends

The global artificial intelligence as a service market size is expected to reach USD 96,064.7 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 37.1% from 2022 to 2030. Artificial intelligence as a service (AIaaS) is a third-party artificial intelligence outsourcing service that allows large enterprises and SMEs to explore development opportunities without requiring a significant initial investment. It enables businesses or end-users to experiment with AI for various applications while limiting initial investment and risk.

The increased R&D efforts of AI as service vendors and governments across countries are driving the artificial intelligence-as-a-service market. Furthermore, greater AIaaS integration with blockchain and increased investment in AIaaS by governments and end-users are likely to drive the artificial intelligence-as-a-service market. For instance, in July 2022, the United Nations Development Programme (UNDP), a United Nations agency, and the Telangana government established data in climate resilient agriculture (DiCRA), an AI-powered platform service focused on providing farmers with climate change information. The AI platform can identify farms that are robust to climate change and others that are vulnerable using pattern detection algorithms and remote sensing.

Furthermore, progressive enterprises are adopting artificial intelligence and other digital technologies to improve the overall work experience. Employees need fast support to stay productive with the change to work from anywhere, whether they have an HR request, an IT problem, or a query about the spending policy. Traditional service desks lack the speed and scale necessary to provide a hybrid workforce with 24/7 assistance in real-time. To completely solve this issue, AI as service providers offer employees the assistance they require in a matter of seconds. For instance, in July 2022, Moveworks, Inc., an artificial intelligence startup based in the United States, announced a collaboration with Tata Consultancy Services Limited. This partnership enables customers to revamp their service desks with AI, and they can rely on the partnership's expertise and technology to automatically support their personnel.

More firms are investing in AI technologies and exploiting AI skills to keep ahead of global competition. The increased usage of social media and the Internet of Things (IoT) is driving demand for AI technology. Furthermore, many AI technology vendors find that providing AI tools and software is insufficient since many enterprises are searching for outsourcing services. As a result, the market has witnessed an increasing demand for AI services. Businesses can improve their productivity by implementing AI-powered IoT solutions in industries such as manufacturing, retail analytics, self-driving cars, and others. This is projected to fuel the market for AI as a service. For instance, in May 2021, Bosch Global Software Technologies Private Limited introduced the Phantom Edge, an AIoT platform that provides a real-time picture of electrical energy usage and addresses energy efficiency challenges in various industries. The platform collects energy signatures and ML algorithms on edge using non-intrusive sensors. It processes these signatures to provide a real-time picture of electrical parameters, energy consumption, operating utilization, and appliance-level information, producing its digital twin.

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Artificial Intelligence As A Service Market Report Highlights

• The increased spending on artificial intelligence adoption and technical improvement for workflow optimization drives the demand for AI as a service  
• The increased usage of cloud-based solutions and the need for artificial intelligence and cognitive computing drive market expansion
• Managing massive amounts of data alongside other business activities becomes challenging for enterprises, creating a demand for managed and professional artificial intelligence (AI) services
• Banks are employing AI skills to detect and prevent frauds, chatbots, and algorithmic trading objectives, allowing banking institutions to better their operations and increasing the use of AI services in the BFSI business

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Artificial Intelligence As A Service Market Segmentation

Grand View Research has segmented the global artificial intelligence as a service (AIaaS) market based on technology, service type, organizations size, deployment, vertical, and region:

Artificial Intelligence As A Service Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Machine Learning (ML)
• Computer Vision
• Natural Language Processing (NLP)
• Others

Artificial Intelligence As A Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Software
  • Data Storage and Archiving
  • Modeler and Processing
  • Cloud and Web-Based Application Programming Interface (APIs)
  • Others
• Services

Artificial Intelligence As A Service Organizations Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Artificial Intelligence As A Service Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Public
• Private
• Hybrid

Artificial Intelligence As A Service Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Banking, Financial, and Insurance (BFSI)
• Healthcare and Life Sciences
• Retail
• IT & Telecommunication
• Government and defense
• Manufacturing
• Energy & Utility
• Others

Artificial Intelligence As A Service Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Artificial Intelligence As A Service Market

• Amazon Web Services, Inc.
• Salesforce, Inc.
• International Business Machines Corporation
• Intel Corporation
• Microsoft
• BigML, Inc.
• Google
• SAP SE
• Siemens 
• Fair Isaac 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.

Smart Bed Market Primed to Hit USD 3.45 Billion by 2030

 Smart Bed Market Growth & Trends

The global smart bed market size is expected to reach USD 3.45 billion by 2030, expanding at a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technological advancements in sensor-bed solutions offer enhanced sleep thus driving the demand for smart beds. The growing number of smart houses with household items that are technologically integrated will continue to fuel market expansion.

Rising townships, smart cities, commercial buildings, and settlement development projects are attracting investors in the real estate sector, which has risen the quality of residential apartments and is the primary cause of the real estate industry's rapid expansion. Demand for smart beds will continue to increase as housing and commercial development expand, driven by the need to furnish new construction.

In terms of application, the residential segment is projected to have the largest market share in 2022,, supported by rising consumer spending on smart home automation and the expansion of the Internet of Things (IoT) throughout the residential infrastructure. People who suffer from recurring sleep issues can keep an eye on their sleeping habits by connecting their smart beds to other smart devices. This will increase household demand for smart products.

Regionally, North America led the industry share in the year 2021 owing to high purchasing power among people who are willing to spend on comfort and luxury items. Home renovation activities, including outdoor, bedroom, home furnishings, kitchens, and technology, witnessed a 15% growth with about USD 85,000 in 2020, according to a Houzz & Home survey of 70,000 Americans.

Noticing the growth potential of smart bed business, many new market participants have emerged over the years. Technology leaders in the business are introducing innovative embedded systems and wireless telecommunications technology. For instance, Hi-Interiors debuted a new iteration of the Hi-Bed in August 2019. The mattress included advanced technology that can track a user's body weight and sleep patterns. It also came with a retractable 70-inch screen, built-in hi-fi sound systems, a 4K projector that can be used with a Bluetooth device, and additional features that can be added to meet the needs of the buyer.

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Smart Bed Market Report Highlights

• Smart bed is expected to witness substantial growth over the forecast period with a CAGR of 7.0% from 2022 to 2030. Construction of homes, hotels, restaurants, and airports is booming, driving the need for comfortable beds and mattresses. This has created a robust growth potential for market players
• The residential segment was valued at USD 1,656.2 million in 2021 and is expected to reach USD 3,011.4 million by 2030. The residential segment's expansion of the market is primarily driven by the trend toward fashionable, modular home furnishings
• The specialty stores segment is expected to witness substantial growth over the forecast period with a CAGR of 7.0% from 2022 to 2030. The expansion of specialty stores is attributed to the ability to choose and compare products and the rise in affluent populations in emerging countries in North America and Europe
• Asia Pacific region is expected to witness substantial growth over the forecast period with a CAGR of 3.2% from 2023 to 2030. Given the increase in purchasing power in China, India, and Japan, as well as the rapidly urbanizing towns and cities and the fast adoption of smartphone use and internet services

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Smart Bed Market Segmentation

Grand View Research has segmented the global smart bed market based on application, sales channel, distribution channel, and region:

Smart Bed Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Hospital
• Hospitality
• Others

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

• Supermarket/Hypermarket
• Specialty Stores
• Online
• Others

Smart Bed Sales Channel Outlook (Revenue, USD Million, 2017 - 2030)

• B2C
• B2B

Smart Bed Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Smart Bed Market

• PARAMOUNT BED CO., LTD.
• Arjo AB
• Sleep Number Corporation
• Ascion, LLC.
• LINET spol. s r.o.
• Hi-Interiors srl
• Stryker Corporation
• The BodiTrak
• Hill Rom Holdings Inc.
• Invacare 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.

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.

Digital Health Market Trends Analysis And Forecast Till 2030: Grand View Research Inc.

 Digital Health Market Growth & Trends

The global digital health market size is expected to reach USD 809.2 billion by 2030. According to a new report by Grand View Research, Inc, it is expected to expand at a CAGR of 18.6% during the forecast period. Rising smartphone adoption, improved internet connectivity with the launching of 4G/5G, advancement in healthcare IT infrastructure, rising healthcare costs, the rising penetration rate of chronic diseases, increasing adoption rate of remote patient monitoring services, and rising accessibility of virtual care are some of the major factors that fuel the industry growth. Furthermore, key players are focusing on introducing advanced applications to track daily activities, get information about medical queries, connect to physicians and store their health information. Tech giants like Apple, Google, and IBM are working to improve user experience by launching numerous subscription plans and improving data security features.

At present, telehealth and telemedicine services are receiving recognition from the healthcare industry and government bodies. Governments across the globe are introducing new initiatives to promote digital health. For instance, during the 2022 budget session, the Government of India introduced a digital health ecosystem under Ayushman Bharat Digital Health Mission (ABDM). The government invested more than 3.5 million in this program in order to advance the digital healthcare infrastructure.

The growing penetration rate of chronic diseases such as CVD, cancer, diabetes, and others further fuels the market growth as chronic conditions require continuous monitoring and digital health platforms help in monitoring chronic conditions from any place and at any time. Furthermore, COVID-19 impacted the market positively as a large percentage of the patient population opted for telemedicine and telehealth solutions due to infection risks and lockdown scenarios. 

In 2022, telehealthcare dominated the market with a revenue share of 41.5%. The market growth can be attributed to the rising penetration of smartphones, and improvement in internet connectivity. Advancements in the healthcare IT infrastructure and the launching of new platforms and solutions further fuelled the segment’s growth. 

In 2022, North America dominated the industry with a revenue share of 44.3%. North America is one of the very first regions to adopt smart healthcare solutions, including various technologies such as mobile apps, smart wearables, and eHealth services, like EHR & telemedicine services, for remote access to information on serious & chronic healthcare conditions. Factors such as rapid growth in the adoption of smartphones, advancements in coverage networks, rise in the prevalence of chronic diseases, increase in geriatric population, rise in costs of health care, acute shortage of primary caregivers, and increase in need for improved prevention & management of chronic conditions are responsible for the growth of digital health services in the region. 

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Digital Health Market Report Highlights

• The global digital health market size is anticipated to be valued at USD 809.2 billion by 2030 due to the growing penetration of smartphones, improvement in internet connectivity, and advancement in healthcare infrastructure
• The telehealthcare segment dominated the market with a revenue share of 41.5% in 2022, owing to an increasing prevalence rate of chronic conditions and constant advancement in telehealth applications
• The services segment dominated the market with a revenue share of 45.4% in 2022. Growing demand for installation, maintenance, training, and other services drives the market growth. However, the software segment is projected to grow with the fastest CAGR value over the forecast period
• North America accounted for a high revenue share of 44.3% in 2022. However, Asia Pacific is estimated to exhibit the fastest CAGR value of 21.8% during the forecast period. Growing investment in healthcare infrastructure, an increasing number of start-ups, and increasing penetration of smartphones and internet connectivity are projected to fuel the market growth

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

Digital Health Market Segmentation

Grand View Research has segmented the digital health market based on technology, component, and region:

Digital Health Technology Outlook (Revenue, USD Million, 2016 - 2030)

• Tele-healthcare
  • Tele-care
    • Activity Monitoring
    • Remote Medication Management
  • Telehealth
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables
      • BP Monitors
      • Glucose Meters
      • Pulse Oximeters
      • Sleep Apnea Monitors
      • Neurological Monitors
      • Activity Trackers/ Actigraphs
    • mHealth Apps
      • Medical Apps
      • Fitness Apps
    • Services
      • mHealth Service, By Type
        • Monitoring Services
          • Independent Aging Solutions
          • Chronic Disease Management & Post-Acute Care Services
        • Diagnosis Services
        • Healthcare Systems Strengthening Services
        • Others
      • mHealth Services, By Participants
        • Mobile Operators
        • Device Vendors
        • Content Players
        • Healthcare Providers
      • Healthcare Analytics
      • Digital Health Systems
        • EHR
        • E-Prescribing Systems

Digital Health Component Outlook (Revenue, USD Million, 2016 - 2030)

• Software
• Hardware
• Services

Digital Health Component Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players of the Digital Health Market

• Cerner Corporation (Oracle)
• Allscripts
• Apple, Inc.
• Telefónica S.A.
• Mckesson Corporation
• Epic Systems Corporation
• QSI Management, LLC
• AT&T
• Vodafone Group
• AirStrip Technologies
• Google, Inc.
• Samsung Electronics Co., Ltd.
• HiMS
• Orange
• Qualcomm Technologies, Inc.
• Softserve
• MQure
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corporation
• CISCO Systems, Inc.

About Grand View Research

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

Luxury 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

Access Press Release@ https://www.grandviewresearch.com/press-release/us-laundry-facilities-dry-cleaning-services-market-analysis

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.