Alpha-Amylase Baking Enzyme Market Trends, Growth Prospects To 2030: Grand View Research Inc.

 Alpha-Amylase Baking Enzyme Market Growth & Trends

The global alpha-amylase baking enzyme market is anticipated to reach USD 422.94 million by 2030 and is anticipated to expand at a CAGR of 3.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Alpha-amylase enzymes play a crucial role in the baking industry by breaking down starches into simpler sugars. This process enhances dough handling properties, resulting in improved bread volume, texture, and overall quality. Consumers and bakers alike are increasingly seeking high-quality products, and these products contribute to achieving these standards.

As consumers become more conscious of the ingredients in their food, there is a growing demand for clean-label products. Alpha-amylase enzymes can be used as natural and clean-label additives, replacing traditional chemical additives. This trend is particularly significant in developed markets where consumers are looking for simpler and more natural ingredient lists. Further, with the global population on the rise and changing dietary habits, there is a growing demand for baked goods, including bread. They help bakers meet this demand by improving the efficiency of the baking process, allowing for higher production volumes without sacrificing quality which influences the growth rate of the alpha-amylase baking enzymes market.

Ongoing research and development in enzyme technology have led to the creation of more effective and versatile alpha-amylase enzymes. These advancements make it easier for bakers to tailor enzyme usage to specific recipes and process requirements, further driving the adoption of these products in the baking industry. Moreover, the rise in gluten-free and specialty baked goods has also contributed to the increased product demand. These enzymes can improve the texture and quality of gluten-free products, providing a better eating experience for consumers with dietary restrictions.

On the other hand, in some regions, regulatory approval for the use of enzymes in food production may be a hurdle. There might be strict regulations or a lengthy approval process for new additives, which can slow down the adoption of alpha-amylase enzymes in certain markets. For instance, according to FoodNavigator Europe, the re-registration procedure and the anticipated approval timeline for food enzymes under the new European regulations imply that it will take a longer time for innovations to reach consumers.

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Alpha-Amylase Baking Enzyme Market Report Highlights

• Plant-based sources witnessed the highest growth rate of approximately 4.1% over the forecasted period. The rise of vegan and vegetarian lifestyles has led to a growing demand for plant-based alternatives in all aspects of the food industry, including baking. Plant-based alpha-amylase enzymes cater to consumers who prefer products that align with their ethical and dietary choices
• Cookies & Biscuits application witnessed a high growth rate of 4.0% over the forecasted period. By breaking down starches into sugars, alpha-amylase enzymes can contribute to increased sweetness perception in cookies and biscuits. This allows bakers to potentially reduce the amount of added sugar in recipes while maintaining the desired level of sweetness, addressing consumer concerns about excessive sugar intake
• North America dominated the market owing to rapid technological advancements, presence of large food & beverages industry, changing consumer preferences & trends, and global market presence of some of the key manufacturing companies
• Key industry participants include Novozymes A/S, DuPont, DSM, Puratos N.V., Infinita Biotech, International Flavors & Fragrances Inc., Mianyang Habio Bioengineering Co., Ltd., Jiangsu Yiming Biological Technology Co., Ltd., Amano Enzyme, Antozyme Biotech, and AB Enzymes, among others
• In June 2023, Health Canada approved the utilization of alpha-amylase enzyme (α-amylase) from Bacillus subtilis ROM into bakery products, especially, bread, flour, whole wheat flour, and other unstandardized bakery products

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Alpha-Amylase Baking Enzyme Market Segmentation

Grand View Research has segmented the global alpha-amylase baking enzyme market based on source, application, and region:

Alpha-Amylase Baking Enzyme Source Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

• Fungi
• Bacteria
• Plant-Based
• Other Sources

Alpha-Amylase Baking Enzyme Application Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

• Breads
• Cookies & Biscuits
• Desserts
• Other Applications

Alpha-Amylase Baking Enzyme Region Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

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

List of Key Players in the Alpha-Amylase Baking Enzyme Market

• Novozymes A/S
• DuPont
• DSM
• Puratos N.V.
• Infinita Biotech
• International Flavors & Fragrances Inc.
• Mianyang Habio Bioengineering Co., Ltd.
• Jiangsu Yiming Biological Technology Co., Ltd.
• Amano Enzyme
• Antozyme Biotech
• AB Enzymes

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.

Conformal Coatings Market Is Ready To Grow Globally With Phenomenal Trend Diversity by 2030

 Conformal Coatings Market Growth & Trends

The global conformal coatings market size is anticipated to reach USD 1,493.46 million by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 5.9% during the forecast period. The global conformal coatings market is anticipated to grow with the development in aerospace, automotive, consumer electronics, and medical applications across the globe. Rising expectations regarding automation in the abovementioned applications have driven the demand for electronic devices & equipment.

The conformal coatings provide improved product characteristics, including high heat, dust, moisture resistance, corrosion resistance, and improved overall durability. The use of conformal coating has driven the demand for high-quality dispensing mechanisms to dispense conformal coatings effectively, since poor dispersion results in cracks in the coating layer and affects PCB functions. In January 2021, Delta Electronics, Inc. provided a PCB conformal coating dispensing and inspection solution to an electronic automotive component manufacturer in Tianjin, China. The mechanism dispenses coatings through a nozzle and triggers an alarm in case of insufficient or improper dispensing.

Players in the conformal coatings market are adopting merger & acquisition initiatives to expand their reach. For instance, in May 2021, Element Solutions, Inc. acquired H.K. Wentworth Limited, a U.K.-based company involved in manufacturing conformal coatings, thermal management materials, electronic cleaning solutions, and encapsulation resins. The company has a presence in over 55 countries and caters to end-user markets, including aerospace & defense, medical, telecommunications, and consumer electronics. This acquisition can help Element Solutions, Inc. to expand its conformal coatings manufacturing capacity in various end-use markets.

Due to the presence of several players in the conformal coatings market, the competitive rivalry is high. Conformal coating manufacturers collaborate with other market players to increase their market share. For instance, in May 2021, Dymax and HZO, Inc. entered into a strategic alliance to facilitate joint product development, formulate existing coating solutions, and accelerate market reach. Dymax is involved in producing conformal coatings, and such initiatives can strengthen its position in the conformal coatings market.

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Conformal Coatings Market Report Highlights

• The global conformal coatings market was valued at USD 930.89 million in 2021 and is estimated to expand at a CAGR of 5.9% from 2022 to 2030
• Consumer electronics in the application segment is expected to witness the highest CAGR of 6.3% during the forecast period, in terms of revenue. This can be attributed to the increasing awareness of consumers regarding the Internet of Things (IoT) and the new upgraded product launches by consumer electronics product manufacturers
• Acrylic dominated the product segment and accounted for more than 47.0% share of the overall revenue in 2021. This high share is attributed to its properties like the ease of application and removal during rework and quick-drying, as compared to its counterparts, thereby augmenting the market growth for acrylic conformal coatings
• Increasing automation across end-use industries is expected to pave the way for complex adaptive systems, multi-processing, cloud-based supervisory control, and data acquisition (SCADA) systems, and programmable automation controllers (PACs), which are expected to impact the market for conformal coatings positively
• Asia Pacific accounted for more than a 51.0% share of the overall revenue in 2021 in the thermal spray coatings market. Its thermal spray coatings market is expected to witness a growth of 6.4% to reach a net worth of USD 800.90 million by 2030

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Conformal Coatings Market Segmentation

Grand View Research has segmented the global conformal coatings market based on product, application, and region:

Conformal Coatings Product Outlook (Revenue, USD Million, 2019 - 2030)

• Acrylic
• Epoxy
• Urethane
• Silicone
• Parylene

Conformal Coatings Application Outlook (Revenue, USD Million, 2019 - 2030)

• Consumer Electronics
• Automotive
• Medical
• Aerospace & Defense
• Others

Conformal Coatings Regional Outlook (Revenue, USD Million, 2019 - 2030)

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

List of Key Players in the Conformal Coatings Market

• Henkel AG & Co. KGaA
• Chemtronics
• Shin-Etsu Chemical Co., Ltd.
• Dow
• B. Fuller Company
• Chase Corp
• Electrolube
• Europlasma NV
• MG Chemicals
• KISCO LTD
• Dymax Corporation
• ALTANA AG
• ACC Silicones Limited
• CSL Silicones Inc.
• Aalpha Conformal Coatings

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.

Reusable Water Bottle Market Latest Innovations, Drivers and Industry Key Events 2024 – 2030: Grand View Research Inc.

Reusable Water Bottle Market Growth & Trends

The global reusable water bottle market size is expected to reach USD 12.60 billion by 2030, registering a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop environmentally-friendly products.

Moreover, the extensive use of disposable water bottles in sports and public places is discouraged by various campaigns in order to create awareness among people, likely promoting the market growth. Some governments have taken initiatives for the same, for instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives.

Additionally, increasing environmental awareness among consumers is likely to remain the fundamental driver for the growth of the reusable water bottle market. Due to this, majority of the leading players in the market have adopted new strategies, which are commonly driven by the need to improve the consumer experience.

During the COVID-19 pandemic, consumers have refrained from physical shopping and largely opted for online purchases. This scenario has driven the manufacturers, to distribute their products via online channels, promoting the growth of reusable water bottles through the online distribution channel. For instance, this trend has encouraged many new entrants and existing companies such as 24Bottles, Friendly Cup, and United Bottles to drive up sales using online traction.

In terms of material type, the plastic segment is expected to register the fastest CAGR from the year 2022 to 2030. With sustainability becoming a major issue owing to the surge in plastic waste generated by single-use plastic water bottles, several countries like India, Canada, the U.K., and France, have banned single-use plastics and are promoting the reuse and refilling of bottles, likely propelling segment growth.

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Reusable Water Bottle Market Report Highlights

• The plastic material type segment dominated the market with a revenue share of over 36% in 2023. The demand for plastic-based reusable bottles among consumers is increasing owing to the large availability of a variety of plastic reusable water bottle products as a result of the low cost of manufacturing by producers.
• During the forecast period, the online distribution channel segment is expected to grow the fastest. The increasing availability of a wide range of reusable water bottles of different brands, free delivery, and seasonal discount on e-commerce platforms such as Amazon are among the major reasons driving the segment.
• Asia Pacific is expected to contribute a majority of the share to become the largest division in the global revenue in 2023 with a share of 39.8%. Growing awareness among consumers regarding the negative impact of single-use water bottles on marine life and the environment is boosting demand for silicone, glass, and metal bottles in the region.

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Reusable Water Bottle Market Segmentation

Grand View Research has segmented the global reusable water bottle market based on material type, distribution channel, and region:

Reusable Water Bottle Material Type Outlook (Revenue, USD Million, 2018 - 2030)

• Glass
• Stainless Steel
• Plastic
• Silicone
• Others

Reusable Water Bottle Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Specialty Stores
• Convenience Stores
• Supermarkets & Hypermarkets
• Online

Reusable Water Bottle Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Reusable Water Bottle Market

• Tupperware Brands Corporation
• SIGG Switzerland AG, GmbH
• CamelBak Products, LLC
• Klean Kanteen
• Contigo
• Aquasana Inc.
• Hydaway
• Nalgene
• S’well

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.

Hearing Aids Market is Projected to Boost $12.57 Billion by 2030: Grand View Research Inc.

 Hearing Aids Market Growth & Trends

The global hearing aids market size is anticipated to reach USD 12.57 billion by 2030 and it is projected to grow at a CAGR of 6.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of hearing aid devices, and the growing awareness regarding technologically advanced products for the treatment of hearing loss are some of the factors contributing to the market growth. The World Health Organization (WHO) estimates that by 2050, the number of individuals living with disabling hearing impairment will approach 900 million. Besides that, physiological ear aging, hereditary vulnerability, increasing noise exposure, vascular illness, and chronic inflammation are factors that will contribute to increasing incidence of hearing impairments.

Furthermore, rising public awareness regarding audiological impairment through strong government support and audiology devices is anticipated to create an opportunity for new entrants in the market. For instance, the WHO commemorate World Hearing Day on March 3rd each year to promote awareness regarding hearing loss and safe listening.

Key companies in the sector are improving their products via technological innovation, which is likely to boost market growth throughout the forecast period. For instance, in February 2022, Oticon, Inc. extended its product range to make Oticon's innovative BrainHearing technology accessible. Two new Oticon More miniBTE models have been added to meet the demand for consumers who want compact, inconspicuous behind-the-ear (BTE) choices.

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Hearing Aids Market Report Highlights

• Based on product type, the behind-the-ear hearing aids segment led the market in 2023 with the largest revenue share of 40.0% owing to the ease of handling and technological advances
• Based on product type, the canal hearing aids segment is expected to grow at the fastest CAGR over the forecast period
• Based on technology, the digital technology segment held the largest market revenue share of 93% in 2023 and is anticipated to witness the fastest CAGR over the forecast period
• Europe dominated the global market owing to factors such as an increase in the prevalence of deafness and rising awareness regarding technological advancements
• In December 2022, Sonova acquired Hysound Group, a prominent network of audiological care clinics in China, boasting nearly 200 clinics nationwide. This strategic move substantially expanded Sonova's retail presence and provided direct consumer access in the Chinese market

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

Hearing Aids Market Segmentation

Grand View Research has segmented the global hearing aids market based on product type, technology, sales channel, and region:

Hearing Aids Product Type 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

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

• Digital
• Analog

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

• Retail Sales
  • Company Owned
  • Independent Retail
• E-Pharmacy
• Others

Hearing Aids 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
  • Thailand
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in the Hearing Aids Market

• Audicus
• Audina Hearing Instruments, Inc.
• Eargo, Inc.
• GN Store Nord A/S
• Horentek Hearing Diagnostics
• MDHearing
• SeboTek Hearing Systems, LLC
• Sonova
• Starkey Laboratories, Inc.
• WS Audiology

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 Textile Printing Market to Partake Significant Development During 2023 to 2030: Grand View Research Inc.

 Digital Textile Printing Market Growth & Trends

The global digital textile printing market size is projected to reach USD 7.55 billion by 2030, according to the new report by Grand View Research, Inc. The market is expected to witness a CAGR of 14.4% from 2023 to 2030. Digital printing refers to the process of printing a digital image on a variety of substrates materials. Digital textile printing is used to print on a variety of textile materials such as cotton, polyester, silk, nylon, and other synthetic fabrics.

Any design or pattern designed digitally can be printed on clothes, fabric rolls, and other textile items such as accessories, bedsheets, curtains, carpets, etc. The designs are generated with the aid of software. Printing techniques in digital textile printing are direct-to-garment (DTG) printing and roll-to-roll/direct-to-fabric printing. Pre-treating the fabric is essential in digital printing as it ensures that the fabric retains the ink effectively and allows the use of a broad set of colors on the textile.

Digital textile printing is set out to be the "next generation" of printing. Many textile business owners are investing in digital printing technology as fabric printing transitions to the modern form of printing. To suit the demands of the new generation, the textile sector around the globe is embracing digital printing technology for printing novel designs on garments and fabrics. Different types of inks are utilized for digital textile printing. Acid, reactive, dispersion, pigment, sublimation, and reactive are the most commonly used dyes for digital printing. These inks are available in vivid colors and can be utilized for commercial printing purposes.

Choice of ink differs with each fabric; for example, reactive inks are mostly used on cotton, linen, and rayon, dispersion inks for polyester, and acid inks for silk and nylon. As compared to traditional printing, digital textile printing has several benefits. The advantages of digital printing include the ability to print multiple colors on a garment at once, the ability to print on multiple garments at once, ability to print a varied range of color shades, among others. It also enables accurate, faster, and small volume printing at an economical cost. Also, the digital printing process is more efficient and economical. Designers, and textile businesses, are therefore increasingly adopting digital textile printing technology.

The textile sector is one of the significant sources of pollution. Digital textile printing is a greener alternative to the other technologies, which are more polluting. Digital printing of textiles is a better alternative as it does not require fabric washing, and hence less water and power are utilized in the process of printing. The digital textile printing technology does have some limitations, such as metallic hues cannot be printed with digital technology. Europe held the largest market share of more than 37% in the global market, owing to the growing demand for digital textile printing in the fashion hubs of Europe, such as Italy, and France. Italy holds a significant share in the European market.

The presence of numerous fashion enterprises in Rome, Milan, Venice, and Palermo increases the demand for specialized digital textile printing. Asia-Pacific is expected to be the fastest-growing region with a CAGR of 15.1% during the forecast period. This is owing to the presence of a large number of textile hubs across the region. China and India are the two major contributors to the Asia Pacific market. Countries like Bangladesh, and Vietnam are also emerging as hubs of the textile market.

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Digital Textile Printing Market Report Highlights

• Digital textile printing is gaining traction owing to the ability of the technology to offer accurate and fast printing thereby reducing the turnaround time
• The sublimation segment dominated the market in 2022 and is expected to expand its market share to more than 53.6% by 2030. Sublimation is expected to be the fastest-growing ink type during the forecast period
• The clothing/apparel segment contributed to more than half of the market share in 2022 and is expected to continue dominating the market during the forecast period
• Cotton was the most widely used material type with a market share of more than 52% in the year 2022. While polyester is expected to be the fastest growing material during the forecast period with a CAGR of 12.9%
• The Asia Pacific regional market is expected to be the fastest growing region during the forecast period of 2023 to 2030. China and India are the market leaders in the region
• The prominent players in the industry include Seiko Epson, Mimaki Engineering, Kornit Digital, D.Gen, Roland DG Corporation, Dover Corporation, Konica Minolta, Brother Industries and Colorjet

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Digital Textile Printing Market Segmentation

Grand View Research has segmented the global digital textile printing market based on printing process, operation, textile material, ink type, application, and region:

Digital Textile Printing Process Outlook (Revenue, USD Million, 2017 - 2030)

• Direct to Fabric
• Direct to Garment

Digital Textile Printing Operation Outlook (Revenue, USD Million, 2017 - 2030)

• Single Pass
• Multi-Pass

Digital Textile Printing Textile Material Outlook (Revenue, USD Million, 2017 - 2030)

• Cotton
• Silk
• Polyester
• Others

Digital Textile Printing Ink Type Outlook (Revenue, USD Million, 2017 - 2030)

• Sublimation
• Pigment
• Reactive
• Acid
• Others

Digital Textile Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Clothing/Apparel
• Home Décor
• Soft Signage
• Industrial

Digital Textile Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Digital Textile Printing Market

• Seiko Epson
• Mimaki Engineering
• Kornit Digital
• Gen
• RolandDG Corporation
• Dover Corporation
• Konica Minolta
• Brother Industries
• Colorjet

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.

Varicose Veins Treatment Devices Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Varicose Veins Treatment Devices Market Growth & Trends

The global varicose veins treatment devices market size is expected to reach USD 2.1 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 6.32% from 2023 to 2030. The increasing technological advancements, the increased availability of advanced treatment devices, and a shift toward less-invasive procedures are the key factors contributing to the growth of the market. 

The huge burden of vascular diseases in Europe and North America, the increasing patient compliance and reliability, and the rapidly growing geriatric population are majorly driving the market. According to the data of the Vein Care Team, approximately 35% of the adult white population of Europe and North America suffers from chronic venous disease manifested by varicose syndrome.

Lifestyle disorders such as obesity, sleep disorders, blood pressure levels, hormonal changes, genetic disorders, and pregnancy are contributing to peripheral vascular diseases. Untreated venous insufficiency, such as varicose veins and venous ulcers, cause progressive syndromes including chronic venous insufficiency. According to the study published in 2018 by Saf Health Work, lower limb varicose veins were reported in 10-30% of the population globally. It is the most common disease in the world and is estimated to affect 5% of the population in Western countries.  

Moreover, COVID-19 has hurt the market. Many varicose veins surgeries were postponed or canceled as they fall under the category of nonurgent procedures. According to the Canadian Institute for Health Information, the number of varicose veins surgeries from March to June 2020 witnessed a double-digit decline compared to 2019. This had a negative impact on the overall market. Manufacturers operating in the market witnessed a decline in their revenues. For instance, the peripheral intervention segment of Merit Medical Systems, Inc. witnessed a decline of 2.7% in its revenue in 2020. Similarly, Medtronic’s aortic, peripheral & venous segment revenue fell by 7% in 2020. This was mainly driven by the COVID-19 pandemic-related decline in procedure rates.

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Varicose Veins Treatment Devices Market Report Highlights

• The sclerotherapy segment type accounted for the largest revenue share in 2022 owing to the benefits related to the procedure such as the requirement of minimal incision and reduced scarring. Moreover, other advantages including increased penetration, cost and time efficiency, reduced risk of collateral damage to surrounding tissues, fewer post-operative complications, and painless procedures contributed to the growth of this segment
• The endovenous ablation type segment is expected to witness the maximum growth during the forecast period due to the benefits of short treatment time and improved blood circulation after the procedure. The ClosureFast technique has gained momentum due to the minimized side effects, potential cost-saving ability, and better patient outcomes
• North America held the largest revenue share in 2022 due to the increasing incidence rate of varicose and spider veins in the population, favorable reimbursement policies, increased healthcare awareness, government spending, and the rising aesthetic awareness in the region
• The market in Europe is likely to grow owing to a shift towards minimally invasive procedures among patients. It is expected to witness high growth over the forecast period due to the favorable government initiatives and advanced treatment procedures
• The Asia Pacific is anticipated to witness remarkable growth over the forecast period due to the improving healthcare infrastructure, the increase in patient awareness level regarding the benefits of early treatment of the varicose veins, and the rising disposable income

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Varicose Veins Treatment Devices Market Segmentation

Grand View Research has segmented the global varicose veins treatment devices market based on type, end use and region:

Varicose Veins Treatment Devices Type Outlook (Revenue, USD Million, 2017 - 2030)

• Endovenous Ablation
  • Endovenous Laser Therapy
  • Radiofrequency Ablation
• Sclerotherapy
• Surgical Ligation & Stripping

End Use Outlook (Revenue, USD Million; 2017 - 2030)

• Vein Clinics
• Hospitals
• Ambulatory Care Unit

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

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

List of Key Players in Varicose Veins Treatment Devices Market

• AngioDynamics
• Medtronic
• Teleflex Incorporated
• Sciton, Inc.
• Dornier Medtech
• Merit Medical Systems
• Alma Lasers
• Biolitec AG
• Boston Scientific 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.

Laser Hair Removal Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Laser Hair Removal Market Growth & Trends

The global laser hair removal market size is expected to reach USD 4.13 billion by 2030, expanding at a CAGR of 19.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for non-invasive hair removal procedures is expected to drive the market growth. Technological advancements, such as the introduction of ultra-technology, are also projected to boost market growth.

The ultra-technology is more secure than earlier techniques and the prevalence of side effects, such as burning sensations and temporary rashes on the skin, can be easily healed with topical applications. Asia Pacific is anticipated to register the fastest CAGR during the forecast period owing to the high prevalence of skin disorders in the emerging economies and the rise in disposable income of consumers. Moreover, growing e-commerce penetration is driving the market due to the easy availability of advanced products.

The Covid-19 pandemic has created several challenges for the aesthetics industry. Initially, most of the clinics had halted their services with only emergency procedures to be performed. This has impacted the market growth. However, recently, due to ease of lockdown restrictions, services have resumed in a staggered manner with strict measures to be followed. This will boost market growth.

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Laser Hair Removal Market Report Highlights

• Nd: YAG laser segment is expected to grow at a CAGR of 20.1% over the forecast period owing to the high efficiency of these products on all skin types, including tanned skin, and faster repetition rates
• The beauty clinic end-use segment is expected to lead the global market, in terms of revenue share as well as growth rate, during the forecast period owing to an increase in demand for advanced aesthetic devices for hair removal
• North America was the dominant regional market in 2022 and is expected to expand further at a steady CAGR, owing to a huge market of dermatology clinics and the adoption of innovative devices

Access Press Release@ https://www.grandviewresearch.com/press-release/global-laser-hair-removal-market

Laser Hair Removal Market Segmentation

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

Laser Hair Removal Type Outlook (Revenue in USD Million, 2018 - 2030)

• Diode
• Nd: YAG
• Alexandrite

Laser Hair Removal End-use Outlook (Revenue in USD Million, 2018 - 2030)

• Beauty Clinics
• Dermatology Clinics
• Home Use

Laser Hair Removal Regional Outlook (Revenue in USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • China
  • Japan
  • 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 Laser Hair Removal Market

• Cynosure
• Alma Lasers
• Solta Medical, Inc.
• Cutera
• Candela Corporation
• Viora
• Lumenis
• Syneron Medical Ltd.
• Venus Concept

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 Cooling Market Estimated to Experience a Hike in Growth by 2030: Grand View Research Inc.

 Data Center Cooling Market Growth & Trends

The global data center cooling market size is expected to reach USD 56.15 billion by 2030, growing at a CAGR of 16.8% from 2024 to 2030, according to a study conducted by Grand View Research, Inc. The market is expected to witness substantial growth on account of the need for enhanced cooling techniques to negate the scorching heat due to rising global temperatures. An increasing number of data center facilities worldwide is fueling market growth. In addition, a gradual shift toward cloud services is creating a rise in demand for eco-friendly cooling technology. Favorable initiatives by governing bodies across the globe that are focused on promoting cloud proliferation are driving demand for data centers, subsequently developing the sense of direction for the data center cooling industry.

For instance, the United Arab Emirates (UAE) funded several projects related to cloud computing, such as Smart Abu Dhabi or Smart Dubai. These projects were aimed at bringing in rapid digital transformation among enterprises while backing countries' economic growth. Such initiatives by different governments across the globe are expected to augment the usage of data centers, thereby supporting the demand for cooling solutions. The solution component segment led the market in 2023. The integration of data center cooling solutions with modern technologies, such as IoT sensors, enables the real-time monitoring of environmental conditions. The incorporation of AI further improves the role of air conditioners.

AI algorithms can evaluate data trends, forecast heat loads, and alter cooling parameters continuously for optimal effectiveness. Smart controls enable proactive modifications, improving cooling performance and enhancing overall data center efficiency. However, data center expansion is often associated with high CO2 emissions and increased energy usage. Furthermore, these cooling solutions are estimated to account for 35% of the total energy consumption in data center facilities. Therefore, vendors in this space are focused on introducing sustainable cooling solutions while attempting to save over 70% of the cost associated with cooling. For example, Apple’s North Carolina data center facility functions on sustainable power sources, and data center cooling is attained through the free air cooling technique, allowing the chillers to be off almost 80% of the time.

In addition, there is growing pressure from local and federal government agencies, environmentalists, and the public on organizations to implement green initiatives. Hence, the increasing demand for eco-friendly and cost-effective cooling solutions is most likely to propel the industry growth.The precision air conditioners segment is expected to have the highest CAGR from 2024 to 2030. The global expansion of digital infrastructure, particularly in developing nations, is opening new avenues for the use of precision air conditioners. As data center operations expand globally, there is a growing need for accurate and effective cooling solutions. Precision air conditioners can address these demands and build a strong presence in emerging data center industries.

However, high maintenance and installation costs, carbon emissions, and electricity consumption are some of the challenges affecting the market growth. The market is consolidated and characterized by high competition. These global players focus on introducing different data center cooling techniques to strengthen their market presence. In May 2023, Vertiv Group Corp. unveiled a liquid cooling distribution unit. In air-cooled data centers, methods such as direct-to-chip liquid cooling can be implemented thanks to the Liebert XDU, which was introduced in the US in 2019. Europe, the Middle East, and Africa can now purchase it. Water efficiency and support for high-density data centers running analytics and machine learning applications are key architectural features of the XDU. There are two capacities available: 450kW and a variant with a maximum capacity of 1368kW.

Request a free sample copy or view report summary: Data Center Cooling Market Report

Data Center Cooling Market Report Highlights

• The maintenance & service segment is anticipated to witness a significant CAGR from 2024 to 2030. This is due to innovation in areas like liquid cooling technologies and growing usage of direct-to-chip cooling techniques for better thermal management
• The non-raised floor segment will grow at the highest CAGR from 2024 to 2030. Non-raised floor plays a crucial role in integrating modern thermal assessment and surveillance systems. It provides real-time monitoring of temperature fluctuations across the data center, allowing service providers to identify and address any issues before they occur. Non-raised floor solutions help save costs in both data center construction and ongoing upkeep
• Based on containment, the raised floor with containment segment is expected to have the highest CAGR from 2024 to 2030. This segment is anticipated to witness the development of multi-modal containment systems. These systems can constantly modify confinement configurations based on workload fluctuations, allowing for effective airflow control in response to changing conditions
• The row-based cooling systems segment will register the highest CAGR from 2024 to 2030 due to advancements in circulation management. Advanced containment structures and procedures are being developed to improve the separation of hot & cold air within the data center. Row-based cooling is becoming more popular in hyperscale data centers. These solutions provide flexibility & effectiveness to large-scale institutions with considerable computer infrastructure
• The telecom segment is expected to have the highest CAGR from 2024 to 2030. 5G penetration and the pandemic that brought about a rapid need for digital transformation among enterprises are the key factors responsible for the segment’s growth

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

Data Center Cooling Market Segmentation

Grand View Research has segmented the global data center cooling market based on component, solution, services, type, containment, structure, application, and region:

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

• Solution
• Services

Data Center Cooling Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Air Conditioners
• Precision Air Conditioners
• Chillers
• Air Handling Units
• Others

Data Center Cooling Services Outlook (Revenue, USD Billion, 2018 - 2030)

• Installation & Deployment
• Support & Consulting
• Maintenance Services

Data Center Cooling Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Raised Floors
• Non-Raised Floors

Data Center Cooling Containment Outlook (Revenue, USD Billion, 2018 - 2030)

• Raised Floor with Containment
  • Hot Aisle Containment (HAC)
  • Cold Aisle Containment (CAC)
• Raised Floor without Containment

Data Center Cooling Structure Outlook (Revenue, USD Billion, 2018 - 2030)

• Rack-based Cooling
• Row-based Cooling
• Room-based Cooling

Data Center Cooling Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Telecom
• IT
• Retail
• Healthcare
• BFSI
• Energy
• Others

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

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

List of Key Players in Data Center Cooling Market

• Air Enterprises
• Asetek, Inc.
• Climaveneta
• Coolcentric
• Dell Technologies Inc.
• Fujitsu
• Hitachi, Ltd.
• Johnson Controls
• Mitsubishi Electric Corporation
• Nortek Air Solutions, LLC
• NTT Limited
• Rittal GmBH & Co. KG
• Schneider Electric SE
• STULZ GMBH
• Telx 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.

Cookware Market to Record an Exponential CAGR by 2030: Grand View Research Inc.

 Cookware Market Growth & Trends

The global cookware market is expected to reach USD 49.85 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.3% from 2024 to 2030. The rising instance of people who enjoy cooking at home is driving the market demand for cookware. In the scenario of wellness- and hygiene-driven choices, consumers have been opting for home-cooked meals to protect themselves from outside germs and viruses. Cooking reality shows have spurred an interest in mastering culinary skills and learning new cooking techniques as well as cuisines. This trend is positively influencing the sale of cookware. According to the New York Post in May 2020, ratings for programming on the Food Network were up by 25% in April and HGTV’s ratings were up by 22%, with 1.3 million viewers in primetime during the quarantine.

Moreover, millennials have significantly driven the popularity of cook-at-home meals, which in turn, is driving the growth of cookware products. More color, adaptable pieces for smaller spaces, and pieces that meet consumer’s individual needs are some of the trends shaping the market in the residential sector. The living standards of consumers have evolved and improved over time owing to a rise in disposable incomes and the migration of millennials to cosmopolitan cities.

The non-stick/ coated cookware segment is growing at fastest growth rate over the forecast period. The growing consumer preference for healthy recipes without added fats or oils and preserving food flavors have driven the demand for nonstick cookware across the globe. In addition, the harmful effects of Teflon coatings have led to innovation in products driving the market growth. In June 2023, Tefal, a cookware brand of one of the key European players Groupe SEB, launched RENEW, a new range of pots and pans made from 100% recycled aluminum, featuring the exclusive Inoceramic nonstick ceramic coating.

Pressure cooker is growing at fastest growth rate over the forecast period. Stainless steel and hard-anodized aluminum-based cookers are gaining popularity because they are long-lasting, lightweight, nonstick, and energy-efficient. Pressure cookers covered with hard anodized ceramic and aluminum, among other materials, are in increased demand. When compared to the stovetop variants, electric pressure cookers are more acceptable for use.

Sales through Online distribution channel is expected to propel the market growth over the forecast period. This can be attributed to technological advancements and the rising preference for online platforms to purchase cookware products as they offer convenience, right from product selection to delivery. A blog post from CYBERCREW.UK from March 2023 states that, in January 2022, e-commerce sales made up 27.1% of all retail sales in the U.K. Furthermore, the percentage of U.K. users who purchase online reached an astounding 87% in 2020.

Asia Pacific is fastest growing region in market growth over the forecast period owing to shifting trends in eating culture, such as the rising prominence of social and casual dining, have resulted in an increased demand for innovative cookware products in Asia Pacific. Furthermore, consumers in region are prioritizing convenience, healthier cooking options, and simplicity of cleaning, which is driving the demand for cookware due to the growing trend of home-cooked meals, particularly since the pandemic.

Manufacturers have been adopting strategies such as new product launches, partnerships, and mergers to gain significant market share and reach new audience. For instance, In January 2023, Groupe SEB had its partnership extended with GXO, a contract logistics provider. The partnership will provide Groupe SEB with additional warehouse space to support sustainable growth, enabling its omnichannel business to deliver a superior customer experience in the UK and Ireland using customized end-to-end supply chain solutions.

Request a free sample copy or view report summary: Cookware Market Report

Cookware Market Report Highlights

• Non-stick/ coated dominated the market owing to the growing popularity of modular kitchens and rising living standards are driving the need for nonstick cookware items in both the residential and commercial markets
• The pots & pans segment dominated the market owing to rising demand for multi-purpose and colorful pans across the globe
• The cast iron cookware segment is expected to grow at the fastest rate over the forecast period due to it is ideal for stews, soups, casserole dishes, and baking bread. It offers exceptional cooking performance and versatility, making it suitable for various culinary projects
• The online distribution channel is set to grow at the fastest rate due to its convenience, flexibility, and consumer comfort with this channel
• Asia Pacific is projected to emerge as a lucrative region for market. This can be attributed to the growing middle class, increasing disposable income, and the popularity of cookware in the region

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

Cookware Market Segmentation

Grand View Research has segmented the global cookware market report on the basis of type, product, material, application, distribution channel, and region:

Cookware Type Outlook (Revenue, USD Million, 2018 - 2030)

• Standard /Non-Coated
• Non-Stick/ Coated
  • Teflon (PTFE) Coated
  • Ceramic Coated
  • Enamel Coated
• Others

Cookware Product Outlook (Revenue, USD Million, 2018 - 2030)

• Pots & Pans
• Pressure Cooker
• Cooking Racks
• Cooking Tools
• Bakeware
• Microware Cookware

Cookware Material Outlook (Revenue, USD Million, 2018 - 2030)

• Stainless Steel
• Carbon Steel
• Cast Iron
• Aluminum
• Glass
• Stoneware
• Others

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

• Residential
• Commercial

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

• Supermarket/ Hypermarket
• Specialty Stores
• Online
• Others

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

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

List of Key Players in Cookware Market

• Groupe SEB
• Werhahn Group
• Target
• Meyer Corporation
• Fissler
• Tramontina
• Newell Brands Inc.
• SCANPAN
• TTK Prestige Ltd.
• The Vollrath Co., L.L.C.
• Hawkins Cookers Limited

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.