Popcorn Market Forecast 2030: Top Companies, Trends and Growth Factors Details for Business Development

 Popcorn Market Growth & Trends

The global popcorn market size is expected to reach USD 13.53 billion by 2030, registering a CAGR of 11.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing awareness about health among consumers is propelling the industry's growth. The demand for salty snacks along with innovation in terms of flavors is boosting the growth. New product innovations are becoming more popular among consumers, particularly in the Asia Pacific and North America regions. For instance, in July 2021, a Spanish snack company launched Chupa Chups popcorn in a watermelon flavor. Popcorn is in high demand due to the wide variety of flavors available, which encourages manufacturers to focus on expanding their product line.

Moreover, sustainability has become an essential trend in this era as consumers have become more concerned about health, wellness, and environmental issues, such as the depletion of natural resources and environmental degradation. Thus, continuous innovation in terms of product quality, along with packaging design improvements drive customer traction. The ready-to-eat (RTE) popcorn industry is booming with sales growing faster than microwave popcorn due to a rise in gourmet varieties and a reputation as a healthy snack meal. The demand for RTE is expected to grow in developing, countries such as India. With over 50 popcorn flavors and varieties, 4700BC, for example, has seen a 200+ percent increase in retail and e-commerce sales in October 2021.

The COVID-19 pandemic affected the industry and caused a significant shift in consumer purchasing preferences. Demand for nutritious, convenient, and sustainably produced foods is increasing, and plant-based proteins are becoming more popular. Consumers are now demanding products that are vegan, natural, organic, clean, reef-friendly, free of GMOs, gluten, & soy, and recyclable. In July 2021, Scottie Pippen, a basketball player, launched a vegan superfood snack business, Husk. Several companies have been working on developing new product lines in both RTE/RTC (Ready-to-Cook) sectors to provide healthy & more versatile products for all-day snacking and better-for-you snacks.

In addition, there has been a considerable shift in the channels through which people shop for food and beverage products. The lockdown severely affected this aspect of the snacking industry as most of the brick-and-mortar stores were shut down for weeks. However, there was a significant rise in product sales through e-commerce channels in 2020. More people started buying their food and beverage products online due to the pandemic. Thus, the pandemic fueled product sales through online channels, and the trend is expected to boost online sales in the coming years.

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Popcorn Market Report Highlights

• Based on type, the RTE segment accounted for the largest revenue share in 2021. However, the microwave popcorn segment is expected to register the fastest CAGR from 2022 to 2030
• The B2C distribution channel segment dominated the industry in 2021 and is expected to grow at a steady CAGR over the forecast period
• The supermarkets/hypermarkets sub-segments held the largest share in the B2C segment as most consumers prefer to buy physically from stores, such as supermarkets/hypermarkets or general stores, to ensure product quality
• The online segment, on the other hand, is expected to grow at the fastest CAGR over the forecast period. This is due to benefits, such as doorstep delivery, simple payment options, substantial savings, and a huge assortment of products on a single platform. Moreover, due to rising internet usage and client preference for shopping apps, companies are rapidly constructing e-commerce websites in potential areas
• APAC was the dominant region in 2021 and is estimated to register the fastest CAGR during the forecast years

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Popcorn Market Segmentation

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

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

• Ready-To-Eat Popcorn
• Microwave Popcorn

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

• B2B
• B2C
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

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

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

List of Key Players in Popcorn Market

• Campbell Soup Company
• PepsiCo Inc.
• Conagra Brands, Inc.
• Weaver Popcorn, Inc.
• Quinn Foods LLC
• The Hershey Company
• Eagle Family Foods Group LLC
• PROPER Snacks
• JOLLY TIME
• Intersnack Group GmbH & Co. KG

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 Market For Microsurgery to Witness Tremendous Growth and Expansion by 2030

 Microsurgery Market Growth & Trends

The global microsurgery market size is expected to reach USD 3.3 billion by 2030, registering a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The industry growth is driven by the increasing aging population and surging incidence of lifestyle diseases. Improving levels of healthcare access in emerging markets are anticipated to fuel industry growth. Several developing economies, such as India and Australia, have had a vast private-public and urban-rural divide in healthcare delivery for several years. In the past 3-5 years, this gap has been minimized with an increase in private and public investments in hospital infrastructure.

The development of corporate hospitals in under-developed economies and advancements in small multi-specialty and private single-specialty hospitals have changed the dynamics of access to care. Hence, increasing investments in healthcare infrastructure will subsequently boost the demand for microsurgery equipment in various healthcare facilities. Developed nations commonly have established healthcare systems providing services to larger proportions of their population and, in some circumstances, offer complete healthcare to their total population. However, in emerging countries, such as India, government schemes offer limited coverage.

This results in higher out-of-pocket expenses to attain healthcare requirements. Thus, a noteworthy proportion of healthcare spending in developed countries is driven by government spending, which will ultimately boost industry growth. The COVID-19 pandemic negatively impacted the industry in 2020 for microsurgery by directly affecting production & demand, creating a disruption in the supply chain, and increasing the financial burden on firms. To minimize the spread of COVID-19, elective surgeries were commonly postponed or even canceled in this timeframe. Such activities have caused disruptions to the supply chain, facilities, and operations impeding the supply chain of microsurgery equipment.

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Microsurgery Market Report Highlights

• The operating microscopes segment held the largest share in 2022 as they provide increased & improved safety and precision during surgical procedures
• The plastic and reconstructive surgeries segment held a significant share in 2022 owing to the high popularity and demand for such surgeries across the globe
• The transplantation segment held a momentous revenue share in 2022 owing to the high number of kidney and heart transplants
• The hospitals & clinics segment is anticipated to hold the highest share by 2030 due to the increasing usage of microsurgery instruments for several surgical procedures
• North America was the leading region in 2022 owing to the presence of advanced healthcare infrastructure and key microsurgery equipment manufacturers
• Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period due to the high prevalence of chronic diseases and the rising geriatric population

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Microsurgery Market Segmentation

Grand View Research has segmented the global microsurgery market on the basis of equipment, procedure, application, end-use, and region:

Microsurgery Equipment Outlook (Revenue, USD Million, 2018 - 2030)

• Operating Microscopes
• Micro Sutures
• Micro Forceps
• Microsurgery Needle Holder
• Others

Microsurgery Procedure Outlook (Revenue, USD Million, 2018 - 2030)

• Transplantation
• Suture & Grafting
• Free Tissue Transfer
• Others

Microsurgery Application Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedic
• Neurology
• Gynecological & Urological Microsurgery
• Ophthalmic
• Plastic & Reconstructive
• Oncology
• Others

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

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Academics and Research Institutes
• Others

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

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

List of Key Players of the Microsurgery Market

• HAAG-STREIT GROUP
• Olympus Corp.
• Leica Microsystems
• Braun Melsungen Inc.
• Accurate Surgical & Scientific Instruments Corp.
• Surtex Instruments Ltd.
• Scanlan International
• Carl Zeiss AG
• KLS Martin Group
• Topcon Corp.
• Integra LifeSciences

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.

Data Center Automation Market is Projected to Boost $20.9 Billion by 2030: Grand View Research Inc.

 Data Center Automation Market Growth & Trends

The global data center automation market size is anticipated to reach USD 20.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 13.5% from 2022 to 2030. The expansion of social networking, cloud computing, mobile computing, and analytics is anticipated to have a positive effect on the need for data center automation. In addition, the fast adoption of cloud computing big data, gaming, and other social networks is generating a massive quantity of data that necessitates the automation of business processes. Therefore, the growing usage of internet-based applications is anticipated to provide sufficient prospects for market participants.

An increase in cloud-native server users and enterprise spending on cloud services are some of the key drivers that are expected to propel the industry forward in the coming years. The culture of manufacturing data centers, along with the innovation has fostered and prompted a number of companies to try out new approaches to business that include expansion, diversification, and introduction of new products & services. In January 2021, Cisco and Arcadia Communications announced an amended merger agreement.  Cisco is committed to supporting Acacia's existing clients as well as future customers demanding leading coherent optics, optical integrated circuit modules/ digital signal processing for use in data centers.

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Data Center Automation Market Report Highlights

• By component, the solution segment accounted for the major revenue share of 58.7% in 2021. Due to the demand for server automation systems in data centers, which allow businesses and individuals to deploy, configure, patch, and maintain physical, virtual, and cloud servers rapidly and securely
• By solution, the server segment accounted for the major revenue share of 51.6% in 2021, owing to the rise in demand for efficient servers leading to adequate network and storage facilities. The network segment is expected to grow at a CAGR of 12.7% owing to the rapid provisioning of new resources, scalability, enhanced security, and traffic and monitoring analysis of data center networking
• In terms of deployment, the cloud segment accounted for the major revenue share of 51.2% in 2021 owing to the growth in enterprise adoption of high-end cloud computing in developing economies
• In terms of enterprise, the large enterprise segment accounted for the major revenue share of 69.5% in 2021, owing to the increasing integration of complex business technologies such as data analytics and big data, their requirement for storing massive volumes of daily data is also increasing
• By end-use, the IT & telecommunication segment accounted for a significant revenue share of 23.6% in 2021. As IT becomes a more basic component of the telecom business, it has become a significant resource for managing the ever-increasing demand for advanced IT with the need to maintain adequate IT expenditures.
• North America held the highest market share of 47.8% in 2021. The presence of various leading market players in the region as well as the demand for Big Data analytics and cloud computing are contributing to the market growth

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Data Center Automation Market Segmentation

Grand View Research has segmented the data center automation market based on the component, solution, deployment, enterprise, end-use, and region:

Data Center Automation Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solution
• Services

Data Center Automation Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Storage
• Server
• Network

Data Center Automation Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-premise
• Cloud

Data Center Automation Enterprise Outlook (Revenue, USD Million, 2017 - 2030)

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

Data Center Automation End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Manufacturing
• BFSI
• Healthcare
• Retail
• IT & telecommunication
• Others

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

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

List of Key Players in the Data Center Automation Market

• Cisco Systems, Inc.
• ABB
• Oracle
• VMWare
• Hewlett Packard Enterprise Development LP
• BMC Software, Inc.
• Microsoft
• Citrix Systems, Inc.
• ServiceNow
• FUJITSU

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.

Wheat Protein Market Industry Analysis , Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 Wheat Protein Market Growth & Trends

The global wheat protein market size is expected to reach USD 9.28 billion by 2030, expanding at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing consumer preference for meat-free diets globally, and increasing product applications in various end-use industries, are the major factors driving the market growth. Furthermore, increasing cases of lactose intolerance have increased the demand for whey protein.

The demand for food products that promote better health, particularly those that are low in fat and cholesterol, high in protein, and useful for weight management, has increased owing to rising consumers' health awareness. The number of food products that contain plant-based protein has consequently increased significantly over the past few years. Furthermore, the increasing popularity of trends such as all-natural and clean-label products is anticipated to boost demand for wheat protein.

Wheat protein is widely used in the food and beverage industry, mainly in nutritional supplements, sports foods, dairy products, confectioneries, and baked goods, among other applications. Two insoluble protein groups that can be found in wheat protein are glutenin and gliadin. It is used in the manufacturing of noodles and bread as wheat protein permits a high level of dough strength by creating an elastic texture. The use of these products in the food and cosmetic industries is expected to increase due to changing consumer perceptions of wheat proteins and FDA approval for use in food products during the estimated period.

The small intestine is damaged by gluten intolerance or celiac disease, an autoimmune condition that prevents the body from absorbing nutrients from food. This harm is primarily a response to eating foods containing gluten, a form of wheat protein also found in barley, oats, and rye. However, some people may still feel uncomfortable in their stomachs even though they do not suffer from Celiac disease. This factor might limit market expansion in the coming years.

Europe is anticipated to grow at a substantial CAGR from 2022 to 2030 due to an increase in the consumption of healthy food products. France is experiencing stable growth on account of hectic work and changing lifestyles leading to increased consumption of functional food & beverages in the country. The regional growth can also be attributed to the rising demand for high-quality French bakery items. Baked product manufacturers in the region prefer wheat protein as an alternative to animal and dairy proteins while developing new products which will fuel product demand.

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Wheat Protein Market Report Highlights

• Wheat gluten accounted for a share of over 45% of the global revenues in 2023. Wheat gluten has a wide range of functionalities, including texturing, viscoelasticity, foaming, binding, and emulsification which leads to its widespread use in bakery products.
• The dry wheat protein market is experiencing growth driven by several factors. A rising awareness of plant-based diets and a demand for alternative protein sources contribute to the increased popularity of dry wheat protein.
• Wheat protein is made up of protein ingredients extracted from wheat using various methods. The global wheat protein market is segmented into three concentrations: 75% protein, 80% protein, and 95% protein.
• Bakery and confectionery accounted for a share of around 40% of the global revenues in 2023. The demand for wheat protein in bakery applications is being driven by factors like increased moisture content, improved water absorption, and softness of the finished product.
• North America held a share of over 33% of the global market in 2023. This region's market share can be attributed to several factors, including growing consumer awareness of the health benefits of wheat protein, and the well-established food processing industry.

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Wheat Protein Market Segmentation

Grand View Research has segmented the global wheat protein market report on the basis of product, application, concentration, form, and region:

Wheat Protein Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Wheat Gluten
• Wheat Protein Isolate
• Textured Wheat Protein
• Hydrolyzed Wheat Protein
• Others

Wheat Protein Concentration Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• 75% concentration
• 80% concentration
• 95% concentration

Wheat Protein Form Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Dry
• Liquid

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

• Bakery & Confectionery
• Animal Feed
• Dairy
• Personal Care
• Sports & Nutrition

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Russia
  • Ukraine
  • Poland
  • France
  • Benelux
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Turkey
  • Egypt

List of Key Players of Wheat Protein Market

• Archer Daniels Midland Company (ADM)
• Agridient
• MGP Ingredients
• AB Amilina
• Cargill Inc
• Manildra Group
• Crespel & Deiters GmbH and Co. KG
• Kroener Staerke
• Crop Energies AG
• Roquette

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.

Unified Communication As A Service Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Unified Communication As A Service Market Growth & Trends

The global unified communication as a service market size is expected to reach USD 262.37 billion by 2030, registering a CAGR of 20.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the increased demand for cloud-based collaboration tools with multiple communication features and cross-functioning across enterprises. The increasing adoption of remote working models, especially amid the pandemic, has significantly contributed to the market growth.

In August 2023, RingCentral Inc. launched RingCX, a built-in, intelligent contact center, and readily deployable solution that seamlessly integrates RingCentral's core unified communications features (encompassing messaging, video, phone, SMS, and fax) with contact center functionalities, along with the power of generative AI.

The market is witnessing significant growth on account of the ongoing technological developments introduced by the market players. Artificial intelligence (AI) is being increasingly used for automating routine communication processes. There are several use cases of AI in the market, such as speech-to-text, real-time translation, real-time transcription, smart framing for video, etc. These are some of the high-utility applications that are not supported by the conventional systems of unified communications.

The solution providers are now adopting AI and Augmented Reality (AR) to support teams working remotely, thereby reducing the dependence on in-office teams. This trend facilitates the development of the latest features comprising voice intelligence, post-call summaries, and live call sentiment analysis. Another crucial technological development favoring the market growth is the expansion of 5G infrastructure, as it offers several benefits to the users that improve their communication and collaboration experience. It supports Ultra-High-Definition (UHD) video and voice calls, allows users to access their cloud services from anywhere with optimum performance, and facilitates the development and integration of new functionalities, such as AI, AR, VR, and IoT, in the systems.

As organizations are dispersed across different geographies, they require robust collaboration tools to increase their productivity. In this regard, the systems are expected to emerge as an effective tool as they offer scalability, allowing companies to quickly add new features and integrate them with the existing enterprise applications. Besides, the solutions now come with analytics tools that provide insights into call durations, communication patterns, response times, etc. The advent of such new features and integration with advanced technologies is expected to accelerate digital transformation strategies in organizations, creating remunerative opportunities for the market.

Several market players are focusing on introducing solutions integrated with AI to cater to consumer demands effectively. For instance, in August 2023, Google LLC launched Duet AI assistant across its Workspace apps, comprising Gmail, Slides, Drive, Docs, etc. This new AI tool comes with various innovative features. It can turn Google Docs outline into Slides or create a chart using the data in a spreadsheet. Duet can also serve as a creative tool by allowing users to write an email response, check grammar, and generate images. It also provides AI-based lighting and sound tweaks, as well as automated meeting summaries.

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Unified Communication As A Service Market Report Highlights

• Based on deployment, the public cloud segment accounted for the highest market share in 2022. The growth can be attributed to the rise in the IoT, edge computing, growing use of real-time analytics, rise in consumption of big data, and increasing digital transformation among end-use industries such as BFSI, IT & telecom, and manufacturing, among others
• Based on industry vertical, the healthcare segment accounted for the largest market share in 2022. Leveraging UCaaS technologies such as messaging, video conferencing, and cloud-based telephony can access critical healthcare data in real time. Governments of several regions are testing telemedicine to provide affordable remote patient care, providing opportunities for UCaaS providers
• UCaaS solutions integrate with top third-party healthcare applications, allowing for compliant data sharing. This allows providers to securely share and update Electronic Health Records (EHRs) from anywhere
• The integration of various communication channels, such as voice, video, and messaging, into a single platform to improve productivity and streamline communication across businesses has created ample growth opportunities for unified communication as a service industry

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Unified Communication As A Service Market Segmentation

Grand View Research has segmented the global unified communication as a service market based on deployment, industry vertical, and region:

Unified Communication As A Service Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Public Cloud
• Private Cloud

Unified Communication As A Service Industry Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive
• Education
• Healthcare
• BFSI
• Hospitality
• Real Estate
• Legal
• IT & Telecom
• Others

Unified Communication As A Service Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • New Zealand
• Latin America
  • Brazil 
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa

List of Key Players in the Unified Communication As A Service Market

• 8x8 Inc.
• ALE International
• Avaya LLC
• Cisco Systems Inc.
• Fuze Inc.
• IBM Corporation
• Mitel Network Corporation
• NEC Corporation
• RingCentral Inc.
• Verion

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.

Over-The-Counter Hearing Aids Market to Reflect Impressive Expansion During 2023 to 2030: Grand View Research Inc.

 Over-The-Counter Hearing Aids Market Growth & Trends

The global over-the-counter hearing aids market size is expected to reach USD 1.74 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.60% over the forecast period. The key factors driving the market growth include the rise in the prevalence of auditory impairment, technological advancements, and the launch of new products.

Favorable government initiatives undertaken by governments to increase awareness about the devices is expected to further drive the demand for the devices during the forecast period. In October 2021, FDA passed an order wherein the FDA approved a new class of over-the-counter (OTC) hearing aids for patients suffering from mild to moderate impairment. Under this law, consumers will be able to buy these devices from stores or online retailers without the need for prescriptions. The law is also expected to reduce the prices of the devices. The FDA has established regulations and guidelines for the manufacturers wherein the manufacturers need to ensure the devices are safe and effective for people with the condition.

The increase in the prevalence of hearing loss is one of the major factors driving the demand in Europe. The WHO predicted that 196 million people in WHO European region have some degree of hearing loss, with 57.3 million, or 6.2% of the population, having moderate or higher-grade hearing loss. In Europe, 236 million people are expected to suffer from hearing loss by 2050. According to the EuroTrak Surveys conducted in multiple European nations, 35% of those who have hearing loss wear hearing aids. The usage and adoption of audiology devices are directly proportional to an increase in age & severity. However, 65% of Europeans with auditory impairments do not wear them.

Moreover, partnerships and other initiatives undertaken by the key players are expected to drive the market's growth during the forecast period. Several players in the market entered the new segment of the devices by launching innovative products. For instance, in October 2022, Lucid Hearing launched a range of behind-the-ear OTC hearing aids available in various styles, fits, and battery options while catering to a range of budgets.

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Over-The-Counter Hearing Aids Market Report Highlights

• Based on product type, the canal hearing aids segment held the largest market share in 2022. Enhanced performance, new product approvals, and advantages, such as compact design, are factors driving the market
• Based on technology, the digital segment dominated the market in 2022 and is expected to remain dominating throughout the forecast period. High R&D investment, higher efficiency in sound amplification in difficult conditions, and availability of multiple program settings which improve the performance of the device are driving the segment growth
• Based on distribution channels, the retail stores segment dominated the in 2022. This can be attributed to higher profit margins in retail stores and increase in availability in retail stores
• North America dominated the market in 2022. Government initiatives to increase awareness about hearing disorders and higher disposable income of the population are some of the factors driving the growth of the market

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Over-The-Counter Hearing Aids Market Segmentation

Grand View Research has segmented the global over-the-counter hearing aids market based on product, technology, distribution channel, and region:

OTC Hearing Aids Product Outlook (Revenue, USD Million, 2018 - 2030)

• In-the-Ear Hearing Aids
• Receiver-in-the-Ear Hearing Aids
• Behind-the-Ear Hearing Aids
• Canal Hearing Aids

OTC Hearing Aids Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Digital Hearing Aids
• Analog Hearing Aids

OTC Hearing Aids Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail Stores
• Online
• Audiology Offices

OTC Hearing Aids Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Over-The-Counter (OTC) Hearing Aids Market

• Eargo Inc.
• Jabra
• MDHearing
• Audicus
• Sony Corporation
• Start Hearing
• Lexie (hearX IP (Pty) Ltd.)

About Grand View Research

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

HLA Typing Market Valuation to Reach $1.7 Billion by the end of 2030: Grand View Research Inc.

 HLA Typing Market Growth & Trends

The global HLA typing market is expected to reach USD 1.73 billion by 2030, according to a new report by Grand View Research, Inc. The increasing stem cell transplantation coupled with expanding the use of HLA typing in other applications is expected to support the growth of the HLA matching market. From 2016 to 2020, around 111,984 hematopoietic cell transplantations were performed in the U.S. Out of those, 89% of cell sources were peripheral blood, 9% were from bone marrow and 2% were from cord blood. Similarly, there are over 219 centers in the region for performing hematopoietic cell transplantations.  

HLA matching is expected to be a valuable source of information for various basic and translational research studies. Since some HLA alleles can impact the severity and susceptibility of infectious diseases, while other HLA alleles are related to the diverse predispositions of genetics to diseases such as autoimmune conditions and cancer. Gaining insights into which haplotypes can have a higher probability of critical disease or poor prognosis can be specifically useful in translational applications for developing therapeutics. Hence, HLA typing usage in research applications is expected to have a considerable contribution to the overall human leukocyte antigen matching market estimates.    

The COVID-19 pandemic adversely impacted the HLA matching market. Although there was a handful of researchers with the concept of integrating HLA typing with COVID-19 testing. For instance, in August 2021, the scientific evidence from research published in the European Journal of Medical Research suggested including HLA tying in clinical trials and combining it with the COVID-19 test to increase the speed of identifying a predictor in the population.

The growing strategic initiatives by the companies are anticipated to boost human leukocyte antigen matching market growth. For instance, in March 2022, Immucor, Inc. announced to launch a HLA typing software as a supporting product for its HLA typing assay. The software is expected to ease and quicker the NGS analysis process with a cost-saving option for the users.

On the other hand, the increasing number of recipients removed from the waiting list for organ transplantation is likely to affect the usage of HLA typing. The reasons for the removal from the list are deterioration in the patient's condition, patient’s death, or recovery from the disease. For instance, from January 2021 to December 2021, 6 patients from Barnes-Jewish Hospital died due to the shortage of organs, while 11 patients’ conditions deteriorated.

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HLA Typing Market Report Highlights

• By product, the reagents & consumables segment is projected to establish the fastest growth rate over the forecast period. Since increasing product development by the existing players to expand the usage of HLA typing in various fields of research, such as immunotherapies.
• By application, the diagnosis segment is anticipated to have the fastest growth rate with a larger share in 2022. Owing to the increase in organ transplantations and showcasing evidence of being an important source of information for infectious diseases, hence, propelling the HLA matching market growth.
• By technique, the sequenced-based molecular assay segment is anticipated to have the fastest-growing CAGR between 2023 to 2030. Since, it has the ability to generate clear, phase-resolved HLA typing with a single assay.
• By end-user, the hospitals and transplant centers segment is projected to have a majority of the human leukocyte antigen matching market share in 2022. This is attributed to the presence of well-equipped facilities for research in developed countries.
• North America has strengthened its regional position in the market with 46.94% of the overall market share. This is attributed to the presence of transplant centers and clinics, along with the existence of key players in the region.
• A few of the key market players include Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Qiagen N.V., Omixon Inc., GenDx, Illumina Inc., and others.

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HLA Typing Market Segmentation

Grand View Research has segmented the global HLA typing market based on product, application, technique, end user, and region:

HLA Typing Product Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments
• Reagents & Consumables
• Software & Services

HLA Typing Application Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnosis
• Research

HLA Typing Technique Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Molecular Assay
• Sequenced-based Molecular Assay
• Non-Molecular Assay

HLA Typing End user Scope Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial Service Providers
• Hospitals & Transplant Centers
• Research Labs & Academic Institutes

HLA Typing Regional Scope Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of HLA Typing Market

• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories Inc.
• Qiagen N.V.
• Omixon Inc.
• GenDx
• Illumina Inc.
• TBG Diagnostics Limited
• Dickinson and Company
• Takara Bio Inc.
• Hoffman-La Roche Limited
• Pacific Biosciences

About Grand View Research

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

Hospital Furniture Market Projected to Discern Stable Expansion by 2030

 Hospital Furniture Market Growth & Trends

The global hospital furniture market size is expected to reach USD 15.39 billion by 2030, registering a CAGR of 6.80% from 2023 to 2030, according to a new report by Grand View Research, Inc. The prevalence of chronic diseases is rising, and patients’ demands for hospital facilities are continuing to rise as well. It is anticipated that ongoing technology advancements and cutting-edge furniture, like eye surgical chairs and high-tech stretchers, are expected to create lucrative business potential. The world’s growing network of hospitals and clinics is the main driver of the industry. Public agencies are constructing more hospitals to prevent pandemics and other unforeseen events. Over the forecast period, the key growth driver of the industry will be the demand for more modernized hospitals and clinics. Hospital furniture sales are significantly influenced by public sector initiatives to update existing hospital infrastructure.

Numerous industries across the world suffered from the COVID-19 pandemic. For the hospital furniture industry, the impact is precisely the opposite. The pandemic has benefited this industry because additional hospitals and specialized COVID-19 clinics were required to be built on a global scale. This indicated that there is an urgent need to furnish new hospitals and clinics. The pandemic brought with it a flood of fantastic growth prospects for this industry. Furthermore, due to the high patient volume, the existing hospitals also made an effort to upgrade their infrastructure. As a result, there were many opportunities for demand and expansion in the market. Hospital furniture is a significant factor to consider as it impacts a major part of a hospital’s functions. Trends in hospital furniture have been affected by the pandemic. Healthcare design considerations would inevitably be impacted by the pandemic in the coming years.

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Hospital Furniture Market Report Highlights

• The beds segment dominated the industry in 2022 owing to the high demand for ICU beds as a result of the increased prevalence of chronic disorders
• The patient’s furniture segment is anticipated to lead the industry due to high demand across the globe
• The offline sales channel segment captured the maximum share in 2022 owing to the advantages offered
• The metal segment dominated the industry in 2022 owing to the high adoption and demand for metal-based products
• The hospitals & specialty clinics segment dominated the market in 2022 due to increased product demand and high hospitalization rates owing to several chronic disorders
• North America held the largest share in 2022 owing to the increased prevalence of chronic diseases, such as obesity, diabetes, and cardiac arrest, that may lead to hospitalization

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

Hospital Furniture Market Segmentation

Grand View Research has segmented the global hospital furniture market based on product, product, application, sales channel, material, end-use, and region:

Hospital Furniture Product Outlook (Revenue, USD Million, 2018 - 2030)

• Beds
  • ICU Beds
  • Fowler Beds
  • Plain Hospital Beds
  • Pediatric Beds
  • Maternity Beds
  • Others
• Patient Lift
  • Manual Lifts
  • Power Lifts
  • Stand up Lifts
  • Heavy duty Lifts
  • Overhead Track Lifts
  • Others
• Tables
  • Examination Tables
  • Obstetric Tables
  • Surgical Tables
  • Others
• Chairs
• Medical Carts
• Stretchers
• Others

Hospital Furniture Application Outlook (Revenue, USD Million, 2018 - 2030)

• Physician’s Furniture
• Patient’s Furniture
• Staff’s Furniture

Hospital Furniture Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline
• Online

Hospital Furniture Material Outlook (Revenue, USD Million, 2018 - 2030)

• Wood
• Metal
• Plastic

Hospital Furniture End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Specialty Clinics
• Ambulatory Surgical Centers (ASCs)
• Others

Hospital Furniture Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Hospital Furniture Market

• Stryker
• Invacare Corp.
• ARJO AB
• Steris Plc.
• Medline Industries, Inc.
• Hill-Rom Holdings, Inc.
• Drive DeVilbiss Healthcare
• GF Health Products, Inc.
• NAUSICAA Medical
• Sunrise Medical (US) LLC
• Herman Miller Furniture
• Kovonox
• Getinge AB

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.

CBD Skin Care Market to Reap Excessive Revenues By 2030

 CBD Skin Care Market Growth & Trends

The global CBD skin care market size is expected to reach USD 8.62 billion by 2030, registering a CAGR of 31.5% over the forecast period, according to a new report by Grand View Research, Inc. The awareness regarding CBD-based skin care products has increased significantly over the last few years owing to their excellent medicinal properties. CBD skin care products are gaining immense popularity among consumers owing to their exceptional anti-inflammatory and rich antioxidant properties. In addition, CBD-infused skin care products help in the proper functioning of the endocannabinoid system, which is responsible for balancing various crucial functions of the skin including oil production and melanocyte production, these factors are expected to bode well with the growth of the industry.

Normalized regulations related to the import of CBD cosmetic and personal care products are expected to boost its sales in the coming years. Furthermore, consumers in China are aware of the therapeutic benefits associated with CBD, including reduced skin puffiness, redness, and irritation, and are increasingly integrating them into their regular skin care routines. Such factors are expected to boost the sales of CBD skin care products in China and other regions as well.The oils segment accounted for the largest share in 2022 and is expected to maintain its dominance throughout the forecast period. The demand for CBD oils for skin care is significantly increasing because of numerous benefits, such as reduced inflammation and irritation.

CBD oil is used to nourish and moisturize the skin. It provides various essential nutrients to the skin that helps protect the skin from peeling, dry patches, cuts, and cracks. Thus, the growing consumer consciousness for a good appearance is driving the demand for CBD oil-based skin care products. Moreover, the increasing consumer awareness regarding the harmful effects of using chemical-based products is driving the demand for natural and organic skin care products, such as CBD oils.The department store segment was the largestin 2022due to convenience stores’ easy accessibility at nearby locations, they are used more often for purchasing products, thus driving the segment for the said channel. For instance, in January 2021, Avon launched CBD skin care products through its luxury department store.

Moreover, department store products are easily accessible and readily available, which is expected to contribute to the segment’s growth during the forecast period.The hemp-based CBD skin care accounted for the largest share in 2022. A higher concentration of CBD is expected to drive the demand for these products over the forecast period. Producers extract the hemp CBD oil tinctures by using complex extraction methods that leave the hemp-derived CBD oil with no taste and a golden hue, which is expected to increase product visibility among consumers with sensitive skin.The global industry is fragmented with a major share almost equally divided among key players.

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CBD Skin Care Market Report Highlights

• North America held the largest revenue share in 2022 owing to the easy production and trade of cannabis in the region
• The masks & serums segment is projected to register the fastest growth rate during the forecast period owing to their easy application and fast results
• E-commerceis estimated to register the fastest CAGR during the forecast period owing to the availability of a wide range of products at a single e-commerce platform or stores
• Hemp-based CBD products are expected to maintain dominance over the forecast period owing to their rising popularity among skin-conscious consumers

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

CBD Skin Care Market Segmentation

Grand View Research has segmented the global CBD skin care market on the basis of product, distribution channel, source, and region:

CBD Skin Care Product Outlook (Revenue, USD Million, 2017 - 2030)

• Oils
• Creams & Moisturizers
• Masks & Serums
• Cleansers
• Others

CBD Skin Care Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Department Stores
• Hypermarkets/Supermarkets
• E-commerce
• Retail Pharmacies
• Others

CBD Skin Care Source Outlook (Revenue, USD Million, 2017 - 2030)

• Hemp
• Marijuana

CBD Skin Care 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
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of CBD Skin Care Market

• Cannuka, LLC
• Earthly Body
• Josie Maran
• Kapu Maku LLC. (Populum)
• Kiehl’s
• LEEF
• Lord Jones
• Sephora USA, Inc.
• The CBD Skincare Co
• Kush Creams

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.