Knife Market Consumer Trends and Value Chain Analysis Report by 2030

Knife Industry Overview

The global knife market size was valued at USD 3.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030. Retractable and folding knives are often used in the construction industry. As a result, worldwide knife demand is expected to be fueled by strong growth in the construction industry. In addition, during the next few years, the rising relevance of visual appeal in diverse cuisines is predicted to fuel the demand for kitchen knives.

During the initial panic-buying phase of the COVID-19 pandemic, consumers raced to stock up on toilet paper, frozen foods, disinfectant wipes, cleaning supplies, and other household necessities. In the weeks and months that followed, they turned their attention to tools and appliances that aid in cooking, health, and wellness. Working individuals in metro cities and major towns have enjoyed eating out or ordering from nearby food outlets before COVID-19.

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The growing popularity of dining in restaurants and cafes presents attractive expansion potential for eating establishments all over the world. As the number of restaurants grows, so does the demand for modern cutlery and culinary gear, such as knives. For instance, at the beginning of 2022, the (US) National Restaurant Association comprised over 1 million restaurant and foodservice locations in the U.S., employing 14.5 million people. Consumers’ need for convenience, socializing, and high-quality food and service has contributed to the expansion of the restaurant industry. As a result, restaurant owners are investing in new, high-quality cooking equipment such as knives.

The construction industry makes extensive use of retractable and folding knives. As a result, significant growth in the construction industry is predicted to fuel global knife demand. In addition, the increased importance of visual appeal in various dishes is expected to drive the demand for kitchen knives over the next few years. These knives are used to create unusual cuts such as brunoise, chiffonade, julienne, and macedoine, which are a common trend globally. The introduction of advanced knives with various types of blades is likely to have a positive impact on market growth in the near future.

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Smart Kitchen Appliances Market - The global smart kitchen appliances market size was valued at USD 15.68 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.3% from 2023 to 2030.

Kitchen Knives Market - The global kitchen knives market size was valued at USD 1.76 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2023 to 2030.

Knife Industry Segmentation

Grand View Research has segmented the global knife market based on material, type, application, and region:

Knife Material Outlook (Revenue, USD Million, 2017 - 2030)

• Steel
• Titanium
• Ceramic
• Others

Knife Type Outlook (Revenue, USD Million, 2017 - 2030)

• Folding Blade
• Fixed Blade
• Side Slide

Knife Application Outlook (Revenue, USD Million, 2017 - 2030)

• Kitchen
• Survival/Hunting/Adventure/Tactical
• Weapon
• Sports
• Others

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

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA (Middle East & Africa)

Market Share Insights:

February 2022: Klein Tools announced its partnership with Trade Hounds, America’s leading network for professional and skilled tradespeople. This partnership was in line with the company’s commitment to attracting, celebrating, and being a resource to skilled trade workers.

November 2021: Crescent Tools revamped its Crescent Wiss Camo Tradesman Shears and Crescent Camo Pocket Knife. The revamped cutting tools are ideal for camping, hunting, boating, fishing, and other outdoor activities.

Key Companies profiled:

Some prominent players in the global Knife Industry include

• Olfa Corporation
• Stanley Black & Decker, Inc.
• Milwaukee Tool
• Gerber
• GLOBAL
• Hyde Tools, Inc.
• U.S. Blade Manufacturing Company
• Roberts Consolidated Industries, Inc.
• Apex Tool Group LLC
• Klein Tools, Inc.

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LED Driver Market Top Companies are GE Current, a Daintree Company and Signify Holdings

LED Driver Industry Overview

The global LED driver market size was valued at USD 5.04 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 23.5% from 2022 to 2030. Technological progression in lighting components such as LED drivers has enabled energy efficiency and improved performance, thus amplifying market growth over the forecast period. Increasing penetration of the light-emitting diodes used in lighting in commercial and industrial segments has led to increased demand. These components are used in high brightness lighting applications.

Moreover, companies such as Signify Holdings and Microchip technology, Inc are investing more in research and development to improve the efficiency of the existing lighting solutions. For instance, in January 2022, Signify Holdings announced a new line of Philips Hue intelligent lighting products and functions to help users create the perfect ambiance both indoors and out. The new products included Philips Hue Lucca wall light, Inara wall light, Calla bollard in stainless steel, and Resonate wall light.

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The light-emitting diode driver has become an essential part of industrial and commercial lighting and has helped to reduce electricity costs considerably. The growing reach of LED lights in several applications, such as outdoor, automotive, industrial, and horticultural lighting, is further supporting the growth of the market for LED drivers. Governments of various countries have launched smart city projects to develop technologically advanced and ecological living places. Sustainable lighting forms an essential part of such projects. Thus, the demand for IoT-based smart lighting solutions is growing high in such countries. Many cities have also installed smart street lights that turn on and off using daylight sensors.

The next-generation light-emitting diodes provide ease of use for designers to design luminaries efficiently. For example, a high voltage driver is capable of supplying up to 17 LEDs in series, with constant currents between 350mA and 1,200mA. Such advancements are expected to boost the market growth in the future. However, the absence of certain industry-defined standards to test the characteristics and behavior of such drivers has steered manufacturers to face several challenges in the industry. Solid-State Lighting (SSL) lighting and driver manufacturers worldwide follow their standards in manufacturing such a key component of lighting systems resulting in a lack of interoperability across its end-use applications hindering market proliferation.

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LED Lighting Market - The global LED lighting market size was worth USD 70.94 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030.

Smart Lighting Market - The global smart lighting market size was valued at USD 10.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.4% from 2021 to 2028.

LED Driver Industry Segmentation

Grand View Research has segmented the global LED driver market based on supply type, application, and region:

LED Driver Supply Type Outlook (Revenue, USD Million, 2017 - 2030)

• Constant current
• Constant voltage

LED Driver Application Outlook (Revenue, USD Million, 2017 - 2030)

• Automotive
• Consumer Electronics
• Lighting
• Outdoor Display

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

• North America
• Europe
• Asia Pacific
• Latin America
• MEA (Middle East & Africa)

Market Share Insights:

May 2022: Signify Holdings announced the acquisition of Fluence from ams-OSRAM. The acquisition helped the company to upgrade its global agriculture lighting platform and expand in the North American horticulture lighting market.

April 2022: STMicroelectronics N.V. announced the launch of the latest power management I.C. for the company's AMOLED display portfolio.

Key Companies profiled:

Some prominent players in the global LED Driver Industry include

• ACE LEDS
• Microchip Technology, Inc
• Cree LED
• GE Current, a Daintree Company
• Signify Holdings
• SAMSUNG
• Lutron Electronics Co., Ltd
• Macroblock, Inc
• Maxim Integrated
• NXP Semiconductors

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Moist Wound Dressings Market is driven by Increasing Healthcare Expenditure and Patient Awareness

Moist Wound Dressings Industry Overview

The global moist wound dressings market size was valued at USD 4.05 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. Wound dressings have evolved from simple dressings that cover the wound to advanced products that release pharmaceutically active ingredients for accelerating the healing process and reducing pain and inflammation. Wound care is essential to enhance the healing process and minimize the risk of associated infections. The rising incidence of diabetic pressure, venous stasis, and foot ulcers are one of the key factors driving the market.

The COVID-19 pandemic had a profound effect on the capacity of healthcare systems to keep up with curative and preventive services, particularly for the more vulnerable population. During the pandemic, the wound treatment centers in Italy managed a major reduction in the frequency of hospital admissions, since just urgencies, like extreme infections or wound hemorrhagic complexities, were permitted in the hospitals.

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The COVID-19 pandemic affected the consultations by primary-care clinicians, hospitalization, and diagnostic workup for moist wound care management. The restrictions that were imposed by the pandemic did not weaken wound-related QOL or home care. Many healthcare organizations together with governments adopted telemedicine for wound care management, especially in cases of severe wounds as it helped in minimizing the risk of infection and reducing contact between physicians and patients. Although, in Germany, telemedicine had a negligible impact on wound care management, despite its obvious advantages in containing the risk.

Furthermore, the launch of novel therapies such as electromagnetic therapy, electrical stimulation, nanotechnology, and the use of silver and other combination dressings are boosting market growth. These advancements ensure better wound care and thus increase product adoption. A major advancement in the market includes the ability of these dressings to regulate moisture at the wound site, which aids in the regeneration of tissue and reduces infection and pain. Advanced products facilitate wound protection, gas exchange, antibacterial protection, thermal insulation, and exudate absorption, thereby boosting the market growth.

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Advanced Wound Care Market - The global advanced wound care market size was valued at USD 7.0 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030.

Interactive Wound Dressing Market - The global interactive wound dressing market size was valued at USD 4.14 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030.

Moist Wound Dressings Industry Segmentation

Grand View Research has segmented the global moist wound dressings market based on product, application, end-use, and region:

Moist Wound Dressings Product Outlook (Revenue, USD Million, 2018 - 2030)

• Foam Dressings
• Hydrocolloid Dressings
• Film Dressings
• Alginate Dressings
• Hydrogel Dressings
• Collagen Dressings
• Other Advanced Dressings

Moist Wound Dressings Application Outlook (Revenue, USD Million, 2018 - 2030)

• Acute Wounds
• Chronic Wounds

Moist Wound Dressings End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Specialty Clinics
• Home Healthcare
• Others

Moist Wound Dressings Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA (Middle East & Africa)

Market Share Insights:

December 2017: Medline Industries entered into an agreement with Resource Optimization & Innovation (ROI). This agreement is anticipated to provide Medline the access to ROi’s products.

Key Companies profiled:

Some prominent players in the global Moist Wound Dressings Industry include

• 3M Healthcare
• Coloplast A/S
• Medline Industries, Inc.
• Cardinal Health, Inc.
• B. Braun Melsungen AG
• Smith & Nephew PLC
• ConvaTec Group PLC
• Derma Sciences, Inc.
• Systagenix Wound Management Ltd.

Order a free sample PDF of the Moist Wound Dressings Market Intelligence Study, published by Grand View Research.

Life Sciences BPO Market Top Companies are Catalent, Inc., Covance, Inc. (Labcorp), and Genpact Ltd.

Life Sciences BPO Industry Overview

The global life sciences BPO market size was valued at USD 366.3 billion in 2021 and is anticipated to exhibit a compound annual growth rate (CAGR) of 9.2% over the forecast period. Pharmaceutical and medical device companies are now trying to focus on their core competencies; Outsourcing manufacturing, research, and marketing help them save time and money, which is one of the key factors driving the market. During the COVID-19 pandemic, pharmaceutical and medical device companies were heavily dependent on the CMOs and CROs for the development and manufacturing of test kits and vaccines.

This significantly boosted the market to a great extent. Owing to the decline in the cases of COVID-19 due to the growing vaccination drive, the CDMOs are focusing on developing drugs for cancer and other chronic and infectious diseases due to the high disease prevalence. For instance, in January 2022, Lonza partnered with HaemaLogiX, a developer of monoclonal antibodies, to manufacture myeloma drug candidate KappaMab, a monoclonal antibody. This is expected to improve the demand for the development and manufacturing of these drugs in the coming years. In recent years, there has been a rise in mergers and acquisitions between CROs and CDMOs to strengthen their capabilities.

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For instance, in December 2021, Thermo Fisher Scientific, Inc. completed the acquisition of PPD, a clinical research services provider, to expand its service portfolio to include clinical research, analytical testing, and laboratory services, among others. In February 2021, Charles River CRO acquired Cognate BioServices to strengthen its research capabilities in cell and gene therapy. Such strategies were implemented by the market players to expand their value chain in research and to provide end-to-CRO services, this has improved the customer reach of the companies and hence is expected to have a positive impact on the market growth.

Pharmaceutical organizations are increasingly focusing on their R&D activities to stay competitive & flexible. As per the estimates of Evaluate Pharma, the pharmaceutical R&D spending accounted for USD 182 billion, in 2018, whereas in 2021 it increased by 16.5% and accounted for USD 212 billion. The growing R&D spending is expected to improve the demand for life sciences BPO services. Growing demand for outsourcing drug development and manufacturing activities, particularly in emerging countries, such as China, India, and South Korea, where outsourcing is more cost-effective than in developed countries, is expected to boost the market growth in the developing economies.

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Product Design and Development Services Market - The product design and development services market size was valued at USD 9.4 billion in 2022 and is anticipated to exhibit a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.

Drug Discovery Outsourcing Market - The global drug discovery outsourcing market size was valued at USD 3.5 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030.

Life Sciences BPO Industry Segmentation

Grand View Research has segmented the global life sciences BPO market based on service and region:

Life Sciences BPO Services Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical outsourcing
• Medical devices outsourcing
• Contract sales and marketing outsourcing
• Others

Life Sciences BPO Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA (Middle East & Africa)

Market Share Insights:

April 2022: Aenova Group developed a new facility for manufacturing highly potent drugs with an investment of EUR 10 million.

April 2022: Labcorp collaborated with Xcell Biosciences to support the company in developing cell and gene therapies for treating cancer, Parkinson’s, and other rare diseases.

Key Companies profiled:

Some prominent players in the global Life Sciences BPO Industry include

• Accenture plc
• Atos SE
• Boehringer Ingelheim GmbH
• Catalent, Inc.
• Covance, Inc. (Labcorp)
• Genpact Ltd.
• ICON plc
• Infosys Ltd.
• Lonza Group
• PAREXEL International Corp.
• IQVIA
• International Business Machines Corp.

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Loyalty Management Market Size, Share and Trends Analysis Report by Component, 2030

Loyalty Management Industry Overview

The global loyalty management market size was valued at USD 7.84 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2030. The loyalty programs aim to establish customer engagement to understand and influence their buying behavior. Factors such as an increasing expansion of the retail and e-commerce market coupled with the shift towards a customer-centric approach by the business organization are primary factors driving the growth of the market. The increasing penetration of smartphones worldwide and enhancing internet services have enabled easy access to the internet, encouraging market expansion across regions.

The growing implementation of Artificial Intelligence (AI), Machine Learning (ML), and big data in loyalty management programs can help assess consumer perception and make effective loyalty programs for all consumer segments. The technology helps analyze a large amount of unstructured and structured data from smartphones, survey forms, wearable devices, and cookies to extract actionable insights, further driving the growth.

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The shift toward personalized loyalty programs providing personalized recommendations which the customer interacts with helps in customer conversion. The inclusion of gamification into loyalty programs helps in increasing the figures for digital engagement, social sharing, and enhanced digital customer journey, further propelling the growth of the loyalty management market.

The COVID-19 pandemic adversely affected the transportation, construction, and hotel industries. The aggressive spread of coronavirus worldwide forced the government to introduce containment measures to curb the spread of the virus. The COVID-19 epidemic has had a moderate influence on the market growth of the market. In turn, the pandemic positively impacted the market growth.

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Vendor Risk Management Market - The global vendor risk management market size was valued at USD 7.27 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030.

Buy Now Pay Later Market - The global buy now pay later market size was valued at USD 6.13 billion in 2022 and is expected to register a compound annual growth rate (CAGR) of 26.1% from 2023 to 2030.

Loyalty Management Industry Segmentation

Grand View Research has segmented the global loyalty management market based on component, software, deployment, organization, industry vertical, and region:

Loyalty Management Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Service

Loyalty Management Software Outlook (Revenue, USD Million, 2018 - 2030)

• Channel Loyalty
• Customer Loyalty
• Customer Retention

Loyalty Management Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• On-Premise
• Cloud

Loyalty Management Organization Type Outlook (Revenue, USD Million, 2018 - 2030)

• Small & Medium Enterprise
• Large Enterprise

Loyalty Management Industry Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• Transportation
• IT & Telecommunication
• BFSI
• Media & Entertainment
• Retail & Consumer Goods
• Hospitality
• Others

Loyalty Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA (Middle East & Africa)

Key Companies profiled:

Some prominent players in the global Loyalty Management Industry include

• AIMIA
• BREIRLEY+PARTNERS
• Comarch
• Fivestars
• ICF Next
• Lacek Group
• Oracle Corporation
• SAP SE

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AI in Education Market is expected to expand at a CAGR of 36.0% from 2022 to 2030

AI In Education Industry Overview

The global AI in education market size was valued at USD 1.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 36.0% from 2022 to 2030. Factors such as increasing investments in AI and EdTech by private as well as public sectors and the increasing penetration of edutainment are driving the demand for Artificial Intelligence (AI) in education. Additionally, the advancement in technology is fueling the demand for AI in education around the world.

The COVID-19 pandemic severely impacted industries across the world. However, the market witnessed a significant rise in the demand for innovative AI-based education solutions during the pandemic. According to a survey published by the University Professional and Continuing Education Association in 2021, 51% of the faculty in the U.S. are more confident about online education than they were before the outbreak. In May 2020, Jenzabar, Inc., a technology innovator for higher education, announced the launch of the Jenzabar Unity platform to improve operational efficiency and reduce technical barriers associated across campus with the help of iPaas integration.

Gather more insights about the market drivers, restraints, and growth of the Global AI In Education Market

The AI in education component involves providing a better experience to the students, teachers, and educators. Various service providers are innovating different solutions or services for AI in education that connect to various education platforms. Additionally, the increasing adoption of online education for the development of skills is boosting the demand for AI in education.

Moreover, the demand for AI in education is high due to the pandemic but the lack of skilled professionals is restraining the market growth. In 2021, tech companies partnered with universities for introducing new training formats for talent in the AI field to better align with the development trends and newest industry shifts as there is an increase in AI-backed industry applications.

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Technical and Vocational Education Market - The global technical and vocational education market size was valued at USD 622.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030.

Education Technology Market - The global education technology market size was valued at USD 123.40 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2030.

AI In Education Market Segmentation

Grand View Research has segmented the global AI in education market based on component, deployment, technology, application, end-use, and region:

AI In Education Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solutions
• Services

AI In Education Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premises

AI In Education Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Natural Language Processing (NLP)
• Machine Learning

AI In Education Application Outlook (Revenue, USD Million, 2017 - 2030)

• Learning Platform & Virtual Facilitators
• Intelligent Tutoring System (ITS)
• Smart content
• Fraud and Risk Management
• Others

AI In Education End-use Outlook (Revenue, USD Million, 2017 - 2030)

• K-12 Education
• Higher Education
• Corporate Training & Learning

AI In Education Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Market Share Insights:

November 2021: IBM Corporation announced the acquisition of SXiQ, a digital transformation services company based in Australia that specializes in cloud platforms, cloud applications, and cloud cybersecurity. The acquisition is expected to increase IBM Consulting's capabilities in New Zealand and Australia to modernize technology infrastructure and applications in the cloud.

October 2021: IBM corporation announced to provide 30 million people with new skills with more than 170 industry and academic partnerships by 2030, which would help to fill the growing skills gap, democratize opportunity, and give new generations of employees the skills they needed to build a better future.

Key Companies profiled:

Some prominent players in the global AI in Education market include

• Amazon Web Services, Inc.
• IBM Corporation
• Microsoft Corporation
• Cognizant
• Google LLC
• Pearson Plc
• BridgeU
• DreamBox Learning, Inc.
• Carnegie Learning, Inc.
• Nuance Communications, Inc.
• Blackboard Inc.

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Toothpaste Tablet Market Product Type Estimates and Retail Chain Analysis Report by 2030

Toothpaste Tablet Industry Overview

The global toothpaste tablet market size was valued at USD 59.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030. The market growth can be attributed to the rising concern regarding environmental issues and the growing focus on sustainability. In addition, consumers’ increasing awareness about oral hygiene is expected to propel the market.

The COVID-19 pandemic led to the disruption in the production and supply chain of toothpaste tablets, which has had a significant impact on market growth. During the pandemic, doctors suggested not to use old toothbrushes and tongue cleaners, to reduce the risk of transferring harmful bacteria.

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As a precautionary measure to prevent the spread of the virus, people who were affected with the virus had a higher risk of oral problems or oral diseases that made them shift towards more hygienic alternatives like toothpaste tablets. The demand for toothpaste tablets has increased due to the rising awareness about plastic pollution and its harmful effects. Toothpaste is a daily consumed essential commodity which results in the creation of huge plastic pollution, as on daily basis many empty toothpaste tubes end up in landfills, whereas toothpaste tablets on the other hand do not cause any plastic pollution which is acting as a driving force for increasing the demand for toothpaste tablets.

The biggest opportunity to increase penetration into the market among a wider audience is through the hospitality industry. In the hospitality industry, like hotel rooms, the products used for personal care and hygiene are replaced by the staff every time the room is vacated and new customer books that room. The toothpaste tubes of small sizes provided to customers can be replaced with toothpaste tablets which will reduce wastage and save water usage at the same time. Toothpaste tablet gives the same result as those delivered by tubes.

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Sensitive Toothpaste Market - The global sensitive toothpaste market size was estimated at USD 1.0 billion in 2019 and is expected to expand at a CAGR of 5.4% from 2020 to 2027.

Dental Floss Market - The global dental floss market size to be valued at USD 751.0 million by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% during the forecast period.

Toothpaste Tablet Market Segmentation

Grand View Research has segmented the global toothpaste tablet market on the basis of product type, distribution channel, and region:

Toothpaste Tablet Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• Fluoride-based
• Fluoride Free

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

• Online
• Hypermarkets/Supermarket
• Pharmacy & Drug stores
• Others

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

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Key Companies profiled:

Some prominent players in the global Toothpaste Tablet market include

• Toothpaste India
• Archtek
• The Humble Co.
• HCP Wellness
• DENTTABS
• Georganics
• NELSON NATURALS INC.

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Internal Combustion Engine Market is registering a CAGR of 9.3% by 2030

Internal Combustion Engine Industry Overview

The global internal combustion engine market size was estimated at 169,603.7 thousand units in 2021 and is projected to register a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. The market witnessed tremendous growth and is expected to increase owing to a rise in demand for passenger and commercial vehicles in developed and emerging countries. Electric power trains are increasingly being combined with internal combustion engines (ICE) to improve vehicle fuel economy, which is a key factor driving the market's growth. Demand for the product is increasing across the industry such as agriculture, construction, mining, and power generation. The lack of EV infrastructure availability worldwide is also responsible for the uptake of the ICE market. Also, the growing popularity of vehicles using gasoline and growing shale gas production are other factors driving the market growth.

Various strict laws and criteria relating to efficient technologies by the government are expected to boost the ICE market. For instance, the Indian government has made flex-fuel engine manufacturing mandatory for vehicle manufacturers. Thus, prompting manufacturers to increase the manufacturing of ICE. However, the absence of EV infrastructure and charging stations might lead to the industry's rise in the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Global Internal Combustion Engine Market

Technological advancements bring evolution to the internal combustion engine, allowing them to provide more power while using less fuel. Meanwhile, engines will continue to play an essential role in the automotive industry's evolution. Also, they have the potential to improve in areas like thermal efficiency, emissions, and electrification. The introduction of the new concept of Low-temperature combustion (LTC) is a cutting-edge combustion idea for internal combustion engines that has recently gotten a lot of attention.

LTC technology has significant advantages in decreasing nitrogen oxides (NOx) and particulate matter (PM) and reducing specific fuel usage. However, controlling ignition time and heat release rate (HRR) are major obstacles to overcome before LTC technology can be widely adopted in vehicle engines. Internal combustion engines are no longer the only choice for vehicle power trains due to the development of alternative energy and hybrid vehicle technologies. Also, the rising adoption rate of EVs (electric vehicles) and the increasing shortage of fossil fuel reserves resulting in higher petroleum product costs are among the major factors restraining market growth.

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Luxury Car Market - The global luxury car market size was valued at USD 617.36 billion in 2022 and is expected to expand at a CAGR of 6.9% from 2023 to 2030.

Forklift Market - The global forklift market size was valued at USD 58,685.6 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.2% from 2023 to 2030.

Internal Combustion Engine Market Segmentation

Grand View Research has segmented the global internal combustion engine market report based on fuel, end-use, or region:

Internal Combustion Engine Fuel Outlook (Volume, Thousand Units, 2018 - 2030)

• Petroleum
• Natural Gas

Internal Combustion Engine End-use Outlook (Volume, Thousand Units, 2018 - 2030)

• Automotive
• Marine
• Aircraft

Internal Combustion Engine Regional Outlook (Volume, Thousand Units, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Market Share Insights:

April 2021: Toyota announced that it is developing a hydrogen-fueled combustion engine that will be used in sports vehicles and seeks to create a thriving and sustainable mobility society.

Key Companies profiled:

Some prominent players in the global Internal Combustion Engine market include

• Volvo AB
• Toyota Motor Corporation
• Volkswagen AG
• Rolls - Royce Holdings plc
• Mahindra & Mahindra Ltd.
• Renault SA
• Mitsubishi Heavy Industries
• MAN SE
• General Motors Company
• Ford Motors Company
• Fiat Chrysler
• Robert Bosch GmbH

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Super-resolution Microscopes Market Size, Share and Trends Analysis Report by Application, 2030

Super-resolution Microscopes Industry Overview

The global super-resolution microscopes market size was valued at USD 3.3 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.04% from 2023 to 2030. Increasing applications in the life science industry, technological advancements, and the growing focus on nanotechnology are expected to drive the market during the forecast period. Super-resolution microscopes overcome the limitation of confocal as well as fluorescence microscopy as they provide increased X-Y resolution beyond 200 - 250 nm.

Super-resolution microscopy is expected to give new insights into ongoing research in medical science and nanotechnology by offering resolutions up to 10-20 nm. These advanced microscopes are used by researchers in medical procedures and diagnoses. For instance, micro-endoscopy is used with the help of multiphoton or other advanced imaging techniques for the long-term application of these tools in novel medical treatment.

Gather more insights about the market drivers, restraints, and growth of the Global Super-resolution Microscopes Market

Super-resolution microscopes allow the visualization of the cellular sample with a resolution similar to that of an optical fluorescence microscope and diffraction-limited resolution. It is possible to uniquely visualize the desired molecular species in three dimensions, cellular environment, and the live cells.The use of super-resolution microscopy in biological sciences is growing. Currently, nanoimaging and non-diffraction-limited optical methods are altering our understanding of biological phenomena. Advanced super-resolution microscopes allow for molecular analysis. The most recent application of microscopes is a cellular examination at the nanoscale level. STED, the most recent super-resolution microscopy technology, is more compatible with living biological samples, making it valuable in life sciences. SIM has 3D imaging as well as live-cell imaging.

The super-resolution microscopes are procured by research labs, national and international institutes, research centers, government-funded labs, and academic labs. The usage of these microscopes is high among the national and international institutes where research on high-risk pathogen is conducted. These microscopes are also purchased by public institutions funded by the government. The demand for super-resolution microscopes is high due to their unique feature of providing ultra-low resolution and other scientific benefits that are not provided by other microscopes.

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Microscope Market - The global microscope market size was valued at USD 11.1 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.98% from 2023 to 2030.

Ophthalmic Microscopes Market - The global ophthalmic microscopes market was estimated at USD 546.3 million in 2022, anticipated to expand at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030.

Super-resolution Microscopes Market Segmentation

Grand View Research has segmented the global super-resolution microscopes market on the basis of technology, application, and region:

Super-resolution Microscopes Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stimulated Emission Depletion (STED) Microscopy
• Structured-Illumination Microscopy (SIM)
• Stochastic Optical Reconstruction Microscopy (STORM)
• Fluorescence Photoactivated Localization Microscopy (FPALM)
• Photoactivated Localization Microscopy (PALM)

Super-resolution Microscopes Application Outlook (Revenue, USD Million, 2017 - 2030)

• Nanotechnology
• Life Science
• Material Science
• Semi-conductor
• Other Applications

Super-resolution Microscopes Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Market Share Insights:

July 2021: Hitachi High-Tech Corporation introduced the simple-to-use AFM 100 and AFM100 plus Atomic Force Microscopes.

October 2020: Bruker Corporation released Vutara VXL, its super-resolution microscope, which is a biological workstation for research on proteins, DNA, RNA, and other biomolecules for nanoscale imaging.

Key Companies profiled:

Some prominent players in the global Super-resolution Microscopes market include

• ZEISS
• Applied Precision (GE Healthcare)
• Nikon Corporation
• Olympus Corporation
• Leica Microsystems (Danaher Corporation)
• Bruker Corporation
• Hitachi High Technologies

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Rising Prevalence of Urologic Diseases fuels Urinary Drainage Bags Market Revenue by 2030

Urinary Drainage Bags Industry Overview

The global urinary drainage bags market size was valued at USD 1.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.79% from 2022 to 2030. A rapid rise in the geriatric population is one of the key factors responsible for the increasing demand for urinary drainage bags as they are prone to urinary infections. Aging leads to certain changes in the lower urinary system. It includes reduced bladder capacity & feeling of fullness, decreased pelvic floor muscle resistance, reduced rate of detrusor muscle contraction, and elevated residual urine volume. Moreover, the geriatric population also faces bladder control issues, such as leakage or Urinary Incontinence (UI) or retention, and Chronic Kidney Disease (CKD).

Urinary incontinence is a common problem among persons aged 60 years and above, according to the WHO. According to the same source, the geriatric population across the globe is anticipated to increase from 7.0% in 2000 to 16.0% t in 2050. Furthermore, according to a study published in the BMC Geriatrics journal, the prevalence of incontinence among elderly women in Egypt (2020) is expected to be around 80%. The increasing prevalence of end-stage renal diseases due to the rising cases of hypertension and diabetes will also drive the market. According to the report published by the WHO in 2021, around 1.13 billion people worldwide have hypertension. Diabetes is the primary cause of advanced renal failure, followed by hypertension.

Gather more insights about the market drivers, restraints, and growth of the Global Urinary Drainage Bags Market

Many patients have adopted online counseling for their health-related concerns. Many market players are launching platforms to provide online counseling and guidance to patients who cannot visit healthcare facilities for treatment. For instance, in India, Friends, the adult diaper brand from Nobel Hygiene launched a new campaign asking everyone to identify the symptoms as they spent more time at home during the lockdown period. This campaign highlights the issue of UI that is faced by the elderly in their families and offers telematic assistance to continue taking care of patients suffering from UI.

Such factors are expected to positively impact the product demand during the forecast period. Growing healthcare expenditure is a major concern and private players and governments are constantly striving to curb these costs. With a rise in the baby boomer population and the constant increase in the prevalence of diseases, healthcare expenditure is expected to increase during the forecast period. The growth of home healthcare as a cost-effective alternative to hospital stays is also expected to positively impact the market growth over the forecast period. Moreover, the demand for home healthcare among the aging population is also increasing to avoid visiting healthcare facilities.

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Catheter Market - The global catheter market size was valued at USD 48.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030.

Catheter Stabilization Devices Market - The global catheter stabilization devices market size was valued at USD 1.2 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.3% during the forecast period 2022-2030.

Urinary Drainage Bags Market Segmentation

Grand View Research has segmented the global urinary drainage bags market based on product, usage, capacity, end-use, and region:

Urinary Drainage Bags Product Outlook (Revenue, USD Million, 2017 - 2030)

• Large
• Leg

Urinary Drainage Bags Usage Outlook (Revenue, USD Million, 2017 - 2030)

• Reusable
• Disposable

Urinary Drainage Bags Capacity Outlook (Revenue, USD Million, 2017 - 2030)

• 0-500 ml
• 500-1000 ml
• 1000-2000 ml

Urinary Drainage Bags End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals
• Clinics
• Others

Urinary Drainage Bags Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Market Share Insights:

July 2021: Amsino Medical Group opened a new manufacturing facility in Aurora, which will help the company expand its customer base.

February 2017: Cook Medical launched two new sets of percutaneous urinary drainage bags. Each new set includes accessories and catheters for specific procedures.

Key Companies profiled:

Some prominent players in the global Urinary Drainage Bags market include

• ConvaTec, Inc.
• Cardinal Health
• Teleflex, Inc.
• Coloplast
• BD
• McKesson Medical Surgical, Inc.
• Amsino International, Inc.
• Flexicare Medical Ltd.
• Medline Industries, Inc.
• Manfred Sauer GmbH

Order a free sample PDF of the Urinary Drainage Bags Market Intelligence Study, published by Grand View Research.

Increasing Incidences of Neurological Diseases drive Deep Brain Stimulation Devices Market Revenue by 2030

Deep Brain Stimulation Devices Industry Overview

The global deep brain stimulation devices market size was valued at USD 1.05 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The increasing number of patients suffering from involuntary movements associated with Parkinson’s disease, dystonia, and multiple sclerosis is expected to drive market growth. In addition, increasing demand for minimally invasive techniques due to enhanced patient outcomes is also a high-impact rendering driver for the market. Moreover, the introduction of telehealth consults and eHealth apps to routinely monitor PD patients during the COVID-19 pandemic is further expected to support the deep brain stimulation (DBS) devices market growth over the forecast period.

The outbreak of COVID-19has negatively impacted the market by directly affecting the demand & production, creating a disruption in the supply chain, and increasing the financial burden on firms. To reduce the spread of the coronavirus, brain surgeries have frequently been postponed or even canceled during this timeframe. In worst-affected nations, such as the U.S., Russia, India, Brazil, France, the U.K., Italy, and Spain, neurosurgical operations fell by 55%.

Gather more insights about the market drivers, restraints, and growth of the Global Deep Brain Stimulation Devices Market

Manufacturers have found it difficult to serve their surgeon customers since some hospitals have restricted access to their facilities or changed access regulations. As a result, they saw a decrease in procedural volumes in 2020, which is expected to stifle market growth. However, globally increased activities in tele-consultancy for follow-up and routine check-ups to address the symptoms of PD patients during the pandemic are playing a key role in improving market growth. Thus, such trends are expected to have a significant impact on the adoption of DBS in upcoming years.

Additionally, most nations across the world have eased lockdown restrictions and recommence certain elective surgeries, thus the market is projected to recover and grow during the forecast period. Companies have been using strategies such as rerouting logistics, sourcing from additional partners, and air freight delivery to deal with supply chain disruptions. In addition, major firms are planning to geographically expand their businesses and establish more warehouses in various areas to conduct their operations through multiple available channels in worst-affected regions to satisfy demand. These characteristics are projected to generate lucrative market growth prospects for the market.

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Neuromodulation Devices Market - The global neuromodulation devices market size was valued at USD 3.19 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2030.

Pain Management Devices Market - The global pain management devices market size was valued at USD 6.40 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030.

Deep Brain Stimulation Devices Market Segmentation

Grand View Research has segmented the global deep brain stimulation devices market based on product, application, end-use, and regions:

Deep Brain Stimulation Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Single Channel
• Dual Channel

Deep Brain Stimulation Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Pain Management
• Epilepsy
• Essential Tremor
• Obsessive-compulsive Disorder (OCD)
• Depression
• Dystonia
• Parkinson’s Disease
• Others

Deep Brain Stimulation Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Neurology Clinics
• Ambulatory Surgical Centers
• Research Centers

Deep Brain Stimulation Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Market Share Insights:

March 2020: NeuroPace, Inc. received approval from the U.S. FDA for MRI labeling for its RNS System.

January 2020: Abbott’s Infinity DBS system secured FDA approval for the expanded indication of received approval for Parkinson's disease from the U.S. FDA. This system will allow targeting of the specific area of the brain called internal Globus Pallidus (GPi), which is associated with Parkinson's disease symptoms.

Key Companies profiled:

Some prominent players in the global Deep Brain Stimulation Devices market include

• Abbott (St. Jude medical)
• Medtronic
• Boston Scientific Corporation
• Aleva Neurotherapeutics
• Nexstim
• LivaNova PLC
• Neuropace Inc.

Order a free sample PDF of the Deep Brain Stimulation Devices Market Intelligence Study, published by Grand View Research.

The Importance of Recycled Materials in the Construction Industry drives Recycled Concrete Aggregates Market

Recycled Concrete Aggregates Industry Overview

The global recycled concrete aggregates market size was estimated at USD 7,708.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. The market growth is expected to be driven by rising concern about the environment and natural resources and the importance of recycled materials in the construction industry.

A major impact of the COVID-19 pandemic has been felt by the construction sector, a sensitive sector to economic cycles. There have also been disruptions in the industry as many countries have closed their construction sites. In addition, most of the open sites have faced disruptions in supply chains and operational restrictions. This has resulted in financial index volatility. However, construction holds much potential to stimulate recovery, owing to its ability to create jobs; and, as a result, recovery measures can help the sector shift toward sustainability and digitization.

Gather more insights about the market drivers, restraints, and growth of the Global Recycled Concrete Aggregates Market

Words such as "sustainable development" have become household terms in the U.S. Concrete is the most important, the most versatile, and the most widely used building material across the globe. With more stringent sustainability requirements, rising costs, a shortage of labor, and new materials, production techniques, and digital tools available, the industry is forced to innovate. Another environmental burden is the demolition and disposal of concrete structures, pavements, etc. Concrete is the largest single component of construction debris, which contributes a large portion of solid waste disposal problems.

Concrete waste can be recycled into recycled concrete aggregates, which are estimated to be less expensive than natural aggregates. Recycling aggregates has some limitations due to transport, quality, and availability of raw materials, which in this case are highways and demolitions. It is necessary to recycle every tonne of concrete to benefit the environment and contribute to a more sustainable future rather than burying it. To protect natural resources and promote sustainability, companies engaged in the construction materials business focus on producing and promoting recycled concrete aggregates in the U.S.

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Precast Concrete Market - The global precast concrete market size was estimated at USD 96.3 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 5.5% over the forecast period.

Modular Construction Market - The global modular construction market size was estimated at USD 90.79 billion in 2022 and is expected to register a growth of 7.5% over the forecast period.

Recycled Concrete Aggregates Market Segmentation

Grand View Research has segmented the global recycled concrete aggregates market on the basis of product, application and region:

Recycled Concrete Aggregates Product Outlook (Revenue, USD Million, 2017 - 2028)

• Unprocessed
• Processed

Recycled Concrete Aggregates Application Outlook (Revenue, USD Million, 2017 - 2028)

• Roadway & Pavement
• Bridges
• Bulk Fills & Riverbank Protection
• Concrete Manufacturing
• Others

Recycled Concrete Aggregates Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Market Share Insights:

June 2020: CEMEX Ventures invested in Arqlite SPC, which makes lightweight recycled aggregates from plastic waste that are more durable and have a lower carbon footprint, making them ideal for precast, drainage, and lightweight concrete.

January 2018: Vulcan Materials Company completed the acquisition of Aggregates USA, LLC. This acquisition complements and expands Vulcan's footprint in Georgia, South Carolina, and Florida, enhances the product offering, expands the distribution network and service areas, and will enable the company to better serve its customers.

Key Companies profiled:

Some prominent players in the global Recycled Concrete Aggregates market include

• Lehigh Cement
• Vulcan Materials Company
• FERMA CORP
• LafargeHolcim
• Top Grade Site Management, LLC
• Delta Sand & Gravel Co.
• CEMEX S.A.B. de C.V.
• Southern Crushed Concrete
• Big City Crushed Concrete
• Independence Recycling of Florida

Order a free sample PDF of the Recycled Concrete Aggregates Market Intelligence Study, published by Grand View Research.

Global Retail Cooler Market Size is expected to reach USD 3.2 Billion by 2030

Retail Cooler Industry Overview

The global retail cooler market size was valued at USD 1.50 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2022 to 2030. A rise in the popularity of outdoor recreational activities such as off-roading and hiking among travelers is driving the market. In addition, improved manufacturing technologies for lightweight chillers that can keep ice for an extended period will contribute to market expansion over the foreseeable future. However, the COVID-19 pandemic has impacted the growth of the market. In the wake of the COVID-19 pandemic, customers are willing to spend more time in nature through activities such as hiking, camping, fishing, boating, and cycling, which is boosting the market demand for retail coolers. For instance, according to Outdoor Industry Association, Americans took up new activities such as hiking, walking, and running during the COVID-19 period.

Moreover, polystyrene coolers are perceived negatively as most products made from the material are dumped in landfills. Polystyrene materials also occupy a disproportionate amount of space by volume in a landfill on account of their bulky nature. Polystyrene coolers take approximately 500 years to decompose completely. Polystyrene is built of multiple units of styrene, which is believed to be carcinogenic by the Department of Health and Human Services and the International Agency for Research on Cancer.

Gather more insights about the market drivers, restraints, and growth of the Global Retail Cooler Market

Additionally, the rising number of hypermarkets, specialty food stores, and supermarkets across the globe has significantly boosted the adoption of retail coolers. According to The Food Institute, Costco is expected to open around 22 new warehouses each year, with 75% of them located in the U.S. The retailer also plans to open three new stores in Bradenton, Florida; Bismarck, North Dakota; and Plainfield, Illinois. Similarly, Walmart invested billions in new stores and improvements throughout 2019.

An increasing number of companies are striving for innovation in the sustainable space, particularly when it comes to choosing materials. For instance, NIKU Farms, a Toronto-based meat delivery service, opted for a new biodegradable and compostable packaging material from KTM Industries for its insulated coolers in 2019. NIKU became the first meat delivery service company to use KTM’s Green Cell Foam in Canada for its farm-to-door meat subscription boxes.

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Dry-cleaning and Laundry Services Market - The global dry-cleaning and laundry services market size was valued at USD 69.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030.

Cleaning Services Market - The global cleaning services market size was valued at USD 370.56 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

Retail Cooler Market Segmentation

Grand View Research has segmented the global retail cooler market based on capacity, distribution channel, and region:

Retail Cooler Capacity Outlook (Revenue, USD Million, 2017 - 2030)

• Below 10 Quarts
• Between 11 to 25 Quarts
• Between 26 to 50 Quarts
• Above 50 Quarts

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

• Online
• Offline

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

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Market Share Insights:

March 2020: Lifoam Industries LLC launched a new temperature-controlled EnviroCooler packaging product. The new EnviroCooler EVG has been designed as part of its initiative to minimize plastic waste without affecting performance or end-user convenience.

January 2020: MacNeill Pride Group (MPG), a diversified global designer and manufacturer of sporting goods and related products, purchased ORCA Coolers, LLC. ORCA Coolers, LLC will continue to operate from its Nashville headquarters.

Key Companies profiled:

Some prominent players in the global Retail Cooler market include

• Polar Bear Coolers
• Lifoam Industries LLC
• ORCA Coolers, LLC
• Plastilite Corporation
• ICEE Containers Pty Ltd.
• Bison Coolers
• Grizzly Coolers LLC
• Huntington Solutions
• The Coleman Company, Inc.
• YETI Holdings, Inc.

Order a free sample PDF of the Retail Cooler Market Intelligence Study, published by Grand View Research.

Artificial Organ and Bionics Market is driven by Technological Advancement in Transplantation Method

Artificial Organ and Bionics Industry Overview

The global artificial organ and bionics market size was valued at USD 25.3 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. The key drivers of the market for artificial organs and bionics are the increasing number of transplants, coupled with the rising number of people waiting for donors. According to the Human Resource and Services Administration (HRSA), there are more than 106,108 people on the national waiting list in 2022 in the U.S. The HRSA reports that every nine minutes, a person is added to the transplant waiting list in the U.S., resulting in greater demand for artificial medical devices.

The COVID-19 pandemic arose as an unprecedented health crisis, adversely affecting the artificial organ and bionics market. The coronavirus pandemic has affected millions of people worldwide, resulting in significant deaths, disease burden, and financial instability. The healthcare system and facilities were under extreme strain as a result of the massive patient influx.

Gather more insights about the market drivers, restraints, and growth of the Global Artificial Organ and Bionics Market

The delay in other medical procedures was caused by prioritizing patients afflicted by COVID-19, affecting the market growth. This delay impacted many elective procedures, further reducing product adoption. Orthopedic bionic devices are widely used after amputation surgery to help partially or completely restore movement in limbs or arms. Although, the decreased number of amputation procedures during the epidemic hampered industry growth by lowering device acceptance rates. However, due to the ease of lockdowns and several restrictions, the market is expected to flourish during the forecast period.

Primary factors for organ failure are loss of blood, drug abuse, serious trauma, and other acute diseases. Furthermore, lifestyle disorders such as unhealthy dietary habits, smoking, excessive alcohol consumption, and lack of exercise negatively impact organ function. In addition, development in healthcare facilities and the availability of advanced artificial support systems are expected to boost the demand for artificial organs and bionics.

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Cochlear Implant Market - The global cochlear implant market size was valued at USD 1.6 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.91% from 2023 to 2030.

3D Bioprinting Market - The global 3D bioprinting market size was valued at USD 2.0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.5% from 2023 to 2030.

Artificial Organ and Bionics Market Segmentation

Grand View Research has segmented the global artificial organ and bionics market based on product, technology, and region:

Artificial Organ And Bionics Product Outlook (Revenue, USD Million, 2017 - 2030)

• Artificial Organs
• Artificial Bionics

Artificial Organ And Bionics Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Mechanical bionics
• Electronic bionics

Artificial Organ and Bionics Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Market Share Insights:

March 2022: Edwards Lifesciences confirmed that the MITRIS RESILIA valve, it’s a tissue valve replacement specially developed for the heart's mitral position, has obtained FDA clearance.

March 2022: Zimmer Biomet Holdings, Inc. released WalkAI, an evolving AI design that recognizes patients1 who are expected to have a lesser gait speed outcome ninety days after hip or knee surgical intervention.

Key Companies profiled:

Some prominent players in the global Artificial Organ and Bionics market include

• Zimmer Biomet
• Medtronic
• Abbott
• ABIOMED, INC
• Berlin Heart Gmbh
• Biomet, Inc
• Boston Scientific Corporation
• Edward Lifesciences Corporation
• Ekso Bionics
• Heartware International, Inc
• Iwalk, Inc.
• Jarvik Heart, Inc.
• SynCardia Systems, LLC.

Order a free sample PDF of the Artificial Organ and Bionics Market Intelligence Study, published by Grand View Research.

Banana Flour Market Top Companies are Seawind Foods, Woodland Foods, and LiveKuna

Banana Flour Industry Overview

The global banana flour market size was estimated at USD 751.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. The market growth is expected to be driven by a rising number of health-conscious consumers and an increasing preference for clean label products in daily diet. The COVID-19 pandemic highlighted the need for healthy and nutritionally rich food consumption.

Banana flour is recognized as a functional ingredient because of its nutritional profile. Bananas contain prebiotic fiber, which is beneficial for gut health and reducing belly fat. Prebiotic fiber is also beneficial for digestion. The flour of bananas may support weight loss and blood sugar control, improve metabolic syndrome symptoms, promote a healthy colon, assist weight loss, and reduce cholesterol levels.

Gather more insights about the market drivers, restraints, and growth of the Global Banana Flour Market

U.S. consumer interest in clean label products is driven by rising health concerns, as clean label products are considered healthier than non-clean label counterparts, as they are made with actual foods instead of cheap chemical imitations. Clean label products are about authenticity, traceability, and organic or sustainable farming.

Clean-label products are increasingly being offered to customers who demand products that contain no artificial ingredients or ingredients that may be harmful. Food manufacturers are responding to the consumer demand for healthy, natural foods without harmful ingredients like artificial dyes, aspartame, bromine vegetable oil, and caramel color. Increasing demand for clean label products is expected to drive the demand for the market in the U.S.

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Textured Soy Protein Market - The global textured soy protein market size was valued at USD 842.5 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2030.

Corn and Corn Starch Derivatives Market - The global corn and corn starch derivatives market size was valued at USD 73,961.8 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030.

Banana Flour Market Segmentation

Grand View Research has segmented the global banana flour market based on nature, processing, form, end-use, distribution channel, and region:

Banana Flour Nature Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Organic
• Conventional

Banana Flour Processing Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Freeze Dried
• Spray/Drum Dried
• Sun Dried
• Others

Banana Flour Form Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Ripen
• Unripen

Banana Flour End-use Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Food Industry
• Beverages
• Retail/Household
• Others

Banana Flour Distribution Channel Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Direct Sales
• Indirect Sales

Banana Flour Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Market Share Insights:

October 2021: The ICAR-National Research Centre for Banana (NRCB) in Trichy signed a memorandum of understanding (MoU) with Cake Bee, one of India's top bakeries.

November 2017: The International Agriculture Group (IAG), a start-up ingredient technology business, was developing a novel ingredient with a high quantity of prebiotic dietary fiber resistant starch.

Key Companies profiled:

Some prominent players in the global Banana Flour market include

• Pereg Gourmet Spices
• Dr. Food Banatone
• Seawind Foods
• Woodland Foods
• Divine Foods
• APKA Industries
• Miski Organics
• Saipro Biotech Private Limited
• LiveKuna
• Diana Foods
• Synergy Food Industries

Order a free sample PDF of the Banana Flour Market Intelligence Study, published by Grand View Research.