Mining Equipment Market: Battery-Powered Equipment: A Game Changer?

Mining Equipment Industry Overview

The global Mining Equipment Market, valued at an estimated USD 141.31 billion in 2023, is projected to expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030. The ongoing wave of digital mine innovation is anticipated to fundamentally reshape key aspects of mining in the coming years. Increased investment, coupled with government support for these digital advancements, is expected to drive significant demand for mining equipment throughout the forecast period. Furthermore, improvements and innovations in extraction technologies and equipment have led to enhanced ore grades, effectively extending the operational lifespan of older mines.

The global COVID-19 crisis, which had serious economic repercussions across various sectors, including mining, has now largely subsided. The reduced economic activity resulting from lockdown restrictions during the pandemic had a notable impact on the demand for coal. Looking ahead, the mining sector is increasingly focused on transitioning into a climate-smart industry. Consequently, mining companies are actively exploring the adoption of electrification as a replacement for traditional fossil fuels like diesel.

Detailed Segmentation:

• Equipment Type Insights

The surface mining equipment type segment led the market and accounted for a 38.9% share of the global revenue in 2022. During the forecast period, rising demand for iron ore, coal, diamonds, and chromium in emerging nations is anticipated to open new opportunities for surface mining equipment. As the use of this equipment spreads, it has enabled selected mining activities that involve the exploration of high-quality resources and the construction of embankments and stable surfaces.

• Application Insights

The coal mining application led the market and accounted for a 37.8% share of the global revenue in 2022. The mining equipment is expected to witness significant growth in coal mining applications. The growth is attributed to its increased demand for electricity generation. Coal mining equipment has expanded its purposes and adoption as the excavation of coal has boomed.

• Regional Insights

North America region is likely to expand at a CAGR of 4.1% during the forecast period. Rising mineral mining activity, increased use of cutting-edge mining equipment, and government initiatives in North America are the major drivers boosting market growth. In addition, the shift from traditional underground mining to cutting-edge, cost-effective open-pit mining is anticipated to drive the demand for these products during the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Mining Equipment Market

Key Companies & Market Share Insights

Some of the key players operating in the market include Komatsu Ltd., Liebherr, Epiroc, Boart Longyear and Caterpillar Inc.

• Caterpillar Inc manufactures and sells mining and construction equipment, industrial gas turbines, diesel and natural gas engines, and diesel-electric locomotives for construction, energy & resource, and transportation industries. Furthermore, the company has established strong sales channel globally.
• Deere & Company invest significantly in research & development to stay at the forefront of emerging trends and technologies in construction equipment. For instance, in 2022, the company invested USD 1,912 million in research & development activities. 

Key Mining Equipment Companies:

• The following are the leading companies in the mining equipment market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these mining equipment companies are analyzed to map the supply network.
• Epiroc
• Boart Long year Ltd
• Caterpillar Inc.
• China Coal Energy Group Co. Ltd
• Vipeak Mining Machinery Co. Ltd
• Guangdong Leimeng Intelligent Equipment Group Co. Ltd
• Henan Baichy Machinery Equipment Co. Ltd
• Komatsu Ltd
• Liebherr
• Metso Qutotec

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Recent Developments

• In July 2023, Komatsu Ltd. planned to launch PC210LCE-11 and 200LCE-11 models, and 20-ton electric excavators powered by Li-ion batteries. These machines will be launched in Japan and Europe. The introduction of these models marked a strategic move for Komatsu to tap into the electric construction equipment market. This initiative aligns with the company's broader commitment to achieving carbon neutrality by 2050.
• In July 2023, Liebherr joined forces with Leica Geosystems to provide an extensive range of machine control systems tailored for hydraulic excavators. These systems serve as driver assistance tools, enhancing the efficiency, safety, and productivity of construction projects.
• In July 2023, Metso Corporation entered into an agreement to acquire Brouwer Engineering, an Australian company. The diverse bulk material handling equipment of Mesto lineup aligns well with Brouwer Engineering's expertise in electrical and control systems. The collaboration aimed to provide customers with a holistic range of solutions by combining their respective capabilities.
• In June 2023, Epiroc introduced a mobile hydraulic powerpack for blast hole drills. The product is designed to improve the efficiency of the electric drill. A wagon-mounted powerpack enables off-grid operation for electric drills for without requiring the need for electrical infrastructure.

Skateboard Market: Exploring the Growth of Skateboarding Among Girls and Women

Skateboard Industry Overview

The global Skateboard Market, valued at an estimated USD 3.22 billion in 2022, is projected to expand at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. The growing enthusiasm for sports among younger demographics continues to be a significant driver of product demand in the market. The increasing worldwide popularity of skateboarding as a sport is a key factor contributing to the surge in product demand across numerous countries. Beyond the enjoyment it offers, skateboarding also aids in maintaining flexibility and promoting good physical fitness. Moreover, the ongoing fitness trend has led to substantial growth in outdoor sporting events, which is expected to further fuel market growth throughout the projected period.

The increasing awareness of skateboarding, partly due to prominent competitions like the X Games and Street League, has boosted skateboard sales. Furthermore, the inclusion of skateboarding in the Summer Olympics (announced in 2016 and debuted in 2020) has further elevated its profile. Graphics also play a crucial role in attracting consumers, particularly teenagers, whose preference for funky and appealing designs on boards has increased their interest in skateboarding. Consequently, companies employ effective marketing strategies to establish their brands as recognizable symbols on skateboards, often utilizing popular slogans and keywords to drive sales.

Detailed Segmentation:

• Product Insights

The street board emerged as the largest product segment and accounted for a 44.4% share of overall revenue in 2022. These skateboards are also known as popsicle boards and are predominant in street skating. Street boards are typically manufactured with dimensions of 33 inches in length and 7.5 - 8.75 inches in width. The wheels of the board are smaller and harder as compared to other types of skateboards owing to the uneven and rough surface of roads. These are frequently used by beginners and are available at much cheaper prices compared to other kinds. Companies are investing in the manufacturing of skateboards to ascertain some percentage of the market share. For instance, in 2018, Inter IKEA Systems B.V. launched its first skateboard as a part of its furniture and clothing line in Southern California.

• End-user Insights

The teenagers segment emerged as the largest segment and accounted for 38.4% share of overall revenue in 2022. Teenagers pertain to the age bracket of 12- 17 years. The segment growth is attributed to a large population in the respective age bracket. For instance, in 2017, the U.S. children in the age bracket of 12 - 17 years comprise 34% of the total children under 18 years of age. The preference of adolescents for a viable, challenging, and recreational sport has made skateboarding a favorite choice among millions of youths.The skateboard target market predominantly consists of teenagers and young adults, who are deeply connected to youth culture. This demographic is particularly attracted to the exhilaration, sense of liberation, and avenue for self-expression that skateboarding provides.

• Regional Insights

North America emerged as the largest regional market, accounting for 41.2% share of global revenue in 2022. Increased awareness regarding skateboarding as well as wide product availability in the region are the key driving factors. According to the findings, 6.4 million people participated in skateboarding in the U.S. in 2016. Moreover, the U.S. has the largest production of skateboards across the globe.

Gather more insights about the market drivers, restraints, and growth of the Skateboard Market

Key Companies & Market Share Insights

The leading players in the market are focusing on product innovation and development to gain a greater market share at a global level. New product launches in the market help to keep the interest alive of the consumers on account of the increasing preference for outdoor sporting and inclination towards newer sports in the majority of the regions.

• Some of the industry participants are introducing innovation in their products as their key strategy is to increase their market share.
• In June 2023, Hot Wheels Skate announced its partnership with X Games and Tony hawk's Vert Alert  to demonstrate its backing for the Hot Wheels Skate line.
• In September 2022, Rovio Entertainment announced its partnership with Capsule Skateboards to launch a new range of skateboards featuring Angry Birds.

Key Skateboard Companies:

The following are the leading companies in the Skateboard market. These companies collectively hold the largest market share and dictate industry trends.

• Boardriders
• Krown Skateboards
• Sk8factory
• Skate One
• Absolute Board Co.
• Alien Workshop
• Zero Skateboards
• CONTROL SKATEBOARDS INC.
• Razor USA LLC
• Almost Skateboards

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Oral Care Market: Analyzing the Rise of Teledentistry and Its Market Implications

Oral Care Industry Overview

The global Oral Care Market, with a valuation of $37.8 billion in 2024, is expected to grow at a CAGR of 6.2% during the ongoing forecast period. The increasing prevalence of dental diseases, the growing elderly population more susceptible to dental caries, unhealthy food consumption patterns, and the introduction of new and improved products are significant drivers of this market growth. The World Health Organization's 2022 findings estimated that approximately 3.5 billion individuals globally are affected by oral diseases.

The COVID-19 pandemic, which has now become endemic in major regions around the world, had a considerable influence on the oral care market. The initial phase of widespread lockdowns created obstacles for companies operating globally. For instance, in May 2020, Colgate-Palmolive announced production challenges stemming from government-mandated lockdowns in India. However, Johnson & Johnson reported a positive impact on their Listerine mouthwash sales, which saw an increase of about 10.8% in the second quarter of 2020.

Detailed Segmentation:

• Product Insights

The toothbrush segment is expected to register the fastest CAGR over the forecast period. The growing adoption of electric and battery-powered toothbrushes is expected to deliver significant growth in the segment. Leading companies are developing an advanced range of manual as well as powered toothbrushes for both adults and children which is expected to drive growth. For instance, in November 2022, quip launched a rechargeable electric toothbrush that can retain its battery for up to three months. Furthermore, the launch of new-age toothpaste in the market is one of the key market trends. Labelling claims such as ethical labelling techniques and cruelty-free vegan ingredients are gaining immense market traction.

• Distribution Channel Insights

The online retail segment is projected to register the fastest CAGR during the forecast period. Key companies such as Walmart, Amazon, Flipkart, and others often give deep discounts on oral care products that drive market growth. In addition, small-scale retailers often depend on online sales and discounts, which further augments their growth. According to an article by Elsevier B.V., in 2023, online shoppers had a higher frequency of shopping than their in-store counterparts. Furthermore, in August 2023, Zepto, an online direct-to-consumer brand in India, raised USD 200 million to expand its geographic reach.

• Regional Insights

North America oral care market dominated the market and accounted for a 31.4% share in 2024. The rising prevalence of dental caries and periodontal diseases in North America is a key driver of the oral care market. According to the Centers for Disease Control and Prevention CDC article published in May 2024, over half of children aged 6-8 have cavities in their primary teeth, and 57% of adolescents (12-19 years) have cavities in permanent teeth. Over 90% of adults aged 20 and above are also affected. This high incidence across age groups fuels consumer demand for preventive oral care products such as fluoride toothpaste, antibacterial mouthwashes, and floss. Growing awareness about oral hygiene and the importance of aesthetic appearance has further boosted interest in whitening products and advanced brushing technologies. The Asia Pacific oral care market is projected to witness rapid growth in the coming years, driven by several key factors such as the expanding network of dental care facilities, the rise in dental tourism, increased investment in research and development, and growing public awareness regarding oral hygiene.

Gather more insights about the market drivers, restraints, and growth of the Oral Care Market

Key Companies & Market Share Insights

Some of the key players operating in the market include Colgate-Palmolive Company, GSK plc., Procter and Gamble, and Johnson & Johnson Services, Inc.

• Colgate-Palmolive Company specializes in personal care, oral care, home care, and pet nutrition products. Some of the brands offered by the company are Colgate, Palmolive, Softsoap, Mennen, Protex, Kolynos, Irish Spring, Sorriso, Elmex, Ajax, Tom’s of Maine, Axion, Hill’s Science Diet, Suavitel, Soupline, and Hill’s Prescription Diet. The company operates in more than 75 countries, and its products are sold in over 200 countries and territories
• GSK plc offers nutrition, oral care, skin health, and wellness products. The company has a presence in 115 countries worldwide. The company markets one of the leading product lines of oral care, i.e., Sensodyne. However, in July 2022, GSK exited the consumer healthcare business and founded an independent company, Haleon plc, to manage the portfolio of oral care products, amongst others

Key Oral Care Companies:

The following are the leading companies in the oral care market. These companies collectively hold the largest market share and dictate industry trends.

• Colgate-Palmolive Company
• GSK plc
• Johnson & Johnson Services, Inc
• Church & Dwight Co., Inc.
• Procter & Gamble
• Unilever PLC
• GC Corporation
• Lion Corporation
• Henkel AG & Co. KGaA
• Sunstar Suisse S.A.

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Recent Developments

• In November 2023, Lion Corporation launched its new toothpaste range, Dent Health Medicated Toothpaste DX. The toothpaste prevents periodontal diseases and cavities, thus addressing key reasons for tooth loss
• In September 2023, Lion Corporation launched a range of CLINICA PRO Toothbrush Rubber Heads. The range features rubbery bristles and is available in soft and medium bristle power
• In August 2023, Brushee, a new-age player in the global market, launched a 3-in-1 product that features a toothbrush, pick, and dental floss, facilitating consumer oral health while travelling

Next Generation Sequencing Market: A Deep Dive into Emerging Technologies and Applications

Next Generation Sequencing Industry Overview

The global Next-Generation Sequencing (NGS) Market was valued at $8.40 billion in 2023 and is projected to grow at a robust CAGR of 21.7% from 2024 to 2030. Next-generation sequencing encompasses high-throughput DNA sequencing technologies crucial for genomic discovery. Following the WHO's declaration of COVID-19 as a pandemic, numerous prominent pharmaceutical and biotechnology firms accelerated global research efforts for test kit and vaccine development.

This intensified focus on COVID-19 vaccine development by major global companies presented a significant opportunity for NGS adoption during the pandemic. For example, Chinese researchers utilized Oxford Nanopore Technologies' MinION Mk1C (U.K.) for sequencing COVID-19 samples. Moreover, the widespread integration of NGS technologies in clinical diagnostics, driven by rapid turnaround times and faster processing, is expected to further foster market growth throughout the forecast period. Illustratively, in August 2020, Pediatrix Medical Group, GeneDx Inc., and OPKO Health partnered to offer advanced next-generation gene sequencing to improve the clinical diagnosis of rare conditions in newborn intensive care units.

Detailed Segmentation:

• Application Insights

Furthermore, the consumer genomics segment is anticipated to be the fastest-growing segment with a CAGR of 24.84% during the forecast period. Continuous introduction of new products by the key players is driving growth in the consumer genomics segment. Presence of companies such as 23andMe that are involved in the provision of the “Personal Genome Service” can be attributed to growth in the coming years. Moreover, Ancestry.com, Color Genomics, Cloud Health (which purchased a HiSeq X Ten), National Geographic and several Japanese consumer companies, as well as a nascent consumer business, Helix, which was launched by Illumina are expected to impact revenue generation in this segment. Rapid proliferation in genealogy, paternity testing, and personal health awareness is expected to drive the growth in the consumer genomics, as an application of NGS.

• Product Insights

The consumables segment held the larger market share in 2023 and will continue to grow at a faster CAGR of 22.47% from 2024 to 2030. The larger share and exponential growth rate of this segment is mainly attributed to the recurrent usage and high demand of the consumables in the commercial as well as research applications of NGS. These consumables include sample preparation kits as well as kits for target enrichment. The adoption of NGS consumables has increased as most of the pharmaceutical companies and research institutes are utilizing NGS for several diagnostic applications and cancer research.

• Technology Insights

The targeted sequencing & resequencing segment held the highest market share in 2023. This segment is expected to witness growth in demand subsequent to the growth of whole genome sequencing, as the availability of a large amount of whole genome data will required to be analyzed at specific gene locations and isolated genetic expressions. There are many companies in the NGS market offering targeted sequencing services. Thus, this segment is expected to grow in tandem with WGS segment throughout the forecast period.

• Workflow Insights

The sequencing segment held the highest market share in 2023. NGS sequencing is the most important phase of the workflow and consequently accounts for the largest share of the market. These systems are able to provide accurate amount of liquid, which is important in NGS. Moreover, functions such as changing tubes and micro liter plates are also carried out by the system, which helps streamline workflow. The advantage of using robotic liquid handling system is that it enables researchers focus on analyzing the data rather than managing the process.

• End use Insights

Clinical research segment is anticipated to be the fastest growing segment with a CAGR of 22.92% during the forecast period. Owing to the use of NGS in cancer research and, more specifically, in discovery of new cancer-related genes, studying tumor heterogeneity, and identification of alterations that are contributive in tumorigenesis the segment is expected to witness significant growth through to 2030. In addition, availability of clinical research solutions through market entities such as Illumina, Thermo Fisher Scientific Corporation, and Agilent Technologies for the purpose of target enrichment & detection is anticipated to provide this segment with high growth opportunities over the forecast period.

• Regional Insights

The Asia Pacific region is estimated to be the fastest-growing region owing to the presence of significant developments by China and Japan for technological integration of NGS methodologies, and the development of healthcare, R&D and clinical development frameworks of emerging economies such as India and Australia have poised the Asia Pacific NGS market to witness lucrative opportunities o growth throughout the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Next Generation Sequencing Market

Key Companies & Market Share Insights

• Illumina
• F. Hoffman-La Roche Ltd.
• QIAGEN
• Thermo Fisher Scientific, Inc.
• Bio-Rad Laboratories, Inc.
• Oxford Nanopore Technologies
• PierianDx
• Genomatix GmbH
• DNASTAR, Inc.
• Perkin Elmer, Inc.
• Eurofins GATC Biotech GmbH
• BGI

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Recent Developments

• In December 2023, Oxford Nanopore launched TurBOT beta access in partnership with Tecan. The buyers are expected to recive the products in Q1 2024. TurBOT is a benchtop instrument offering efficient basecalling, data analysis, automated extraction, and library preparation of multiple samples in one single unit.
• In December 2023, Illumina signed a memorandum of understanding with African Society for Laboratory Medicine to increase access to genomics within the African region to fight infectious diseases.
• In December 2023, Illumina partnered with HaploX to provide locally manufactured sequencing instruments in China.

Women's Health And Beauty Supplements Market: Consumer Value Perceptions

Greeting Cards Industry Overview

The global Greeting Cards Market, valued at $19.25 billion in 2022, is projected to grow at a CAGR of 0.9% from 2023 to 2030. Consumer behavior, marked by increasing engagement in festive celebrations and occasions, is a primary factor propelling market growth, with card exchanges remaining a popular way to convey affection. The rising demand for personal and thoughtful handmade cards further supports this trend. Data from Card Factory shows that the proportion of UK adults purchasing greeting cards rose to 73% in 2021 from 71% in the previous year.

The market is also seeing growth opportunities through the innovation of recordable greeting cards and e-cards, catering to evolving consumer preferences for more expressive options. Hallmark Cards Inc.'s introduction of personalized video cards in January 2022 exemplifies this, enabling customers to create lasting, emotionally rich messages with video, voice, and music. This emphasis on personalization is poised to significantly drive the greeting cards market forward.

Detailed Segmentation:

• Type Insights

The traditional card segment dominated the market and accounted for the largest revenue share 75.76% in 2022. The traditional cards offer a level of personalization and customization that digital alternatives may not always be able to match. While digital cards can be customized with text and images, traditional cards can be decorated with a wide range of materials, including glitter, stickers, and other embellishments, which can add an extra touch of personality and creativity. Sending and receiving cards has been a longstanding practice in many cultures and traditions, and many people continue to value the sense of connection and community that traditional cards can provide. Such factors will assist the traditional card segment in retaining its dominance over the forecasted years.

• Distribution Channel Insights

The offline segment dominated the market and accounted for the largest revenue share of 64.63% in 2022. One of the key advantages of selling greeting cards through retail stores is the ability to offer customers a hands-on shopping experience. Retail stores provide customers with the opportunity to browse and handle physical cards, which can help to drive sales and foster a sense of connection with the products. In addition, retail stores often have established relationships with card manufacturers and distributors, which can help to ensure a steady supply of high-quality products.

• Regional Insights

On the other hand, Europe is too expected to grow at a significant CAGR during the forecast period. Europe is expected to be the second most dominant region, and some of the factors contributing to the market's growth include the presence of globally renowned greeting card brands such as Hallmark Cards, Inc., UK Greeting Ltd, Budget Greeting Cards Ltd., and others who are working hard to attract customers through promotional campaigns. Budget Greeting Cards, the UK's largest greeting card wholesaler, is focusing on opening five new locations. Europe is also regarded as one of the most important locations for the celebration of love, particularly in cities such as Amsterdam, Paris, Milan, etc. which attracted more couples and most of the couples tend to express their love through a greeting love letter, and these factors act as growth drivers for the reason.

Gather more insights about the market drivers, restraints, and growth of the Greeting Cards Market

Key Companies & Market Share Insights

The greeting card industry is always changing and updating. To stay head-on in the market, players tend to launch new strategies more frequently. Market players are focusing on increasing investments in R&D to innovate new and attractive solutions for consumers for ease of purchasing greeting cards in the market. Moreover, major players are targeting new regions and demography to increase the sales of the products, by either entering the new market solely or by collaborating with local brands and retailers across the globe.  

• In November 2021, Hallmark Cards, Inc. today introduced a completely new type of greeting card that makes it easier than ever to create one-of-a-kind moments that will last a lifetime. Hallmark Video Greeting Cards are traditional Hallmark greeting cards that allow users to easily add a personalized video to the card.
• In July 2020, Dolly Parton has signed a licensing agreement with American Greeting for greeting cards for selling via Walmart online and retail stores. The collection is part of American Greeting's multi-year partnership with Dolly Parton, which includes digital and physical products incorporating the legendary singer-music, and songwriters such as a "SmashUp" personalized video greeting.

Key Greeting Cards Company Insights

Some of the key players operating in the global Greeting Cards market include:

• American Greeting Corporation
• Archies Limited
• Avanti Press Inc.
• Budget Greeting Cards Ltd.
• Card Factory plc
• Carlton Cards Ltd.
• Crane & Co.
• Galison Publishing LLC
• Hallmark Cards, Inc.
• IG Design Group Plc
• John Sands (Australia) Ltd.

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Greeting Cards Market: Navigating the Shift from Paper to Digital and Beyond

Greeting Cards Industry Overview

The global Greeting Cards Market, valued at $19.25 billion in 2022, is projected to grow at a CAGR of 0.9% from 2023 to 2030. Consumer behavior, marked by increasing engagement in festive celebrations and occasions, is a primary factor propelling market growth, with card exchanges remaining a popular way to convey affection. The rising demand for personal and thoughtful handmade cards further supports this trend. Data from Card Factory shows that the proportion of UK adults purchasing greeting cards rose to 73% in 2021 from 71% in the previous year.

The market is also seeing growth opportunities through the innovation of recordable greeting cards and e-cards, catering to evolving consumer preferences for more expressive options. Hallmark Cards Inc.'s introduction of personalized video cards in January 2022 exemplifies this, enabling customers to create lasting, emotionally rich messages with video, voice, and music. This emphasis on personalization is poised to significantly drive the greeting cards market forward.

Detailed Segmentation:

• Type Insights

The traditional card segment dominated the market and accounted for the largest revenue share 75.76% in 2022. The traditional cards offer a level of personalization and customization that digital alternatives may not always be able to match. While digital cards can be customized with text and images, traditional cards can be decorated with a wide range of materials, including glitter, stickers, and other embellishments, which can add an extra touch of personality and creativity. Sending and receiving cards has been a longstanding practice in many cultures and traditions, and many people continue to value the sense of connection and community that traditional cards can provide. Such factors will assist the traditional card segment in retaining its dominance over the forecasted years.

• Distribution Channel Insights

The offline segment dominated the market and accounted for the largest revenue share of 64.63% in 2022. One of the key advantages of selling greeting cards through retail stores is the ability to offer customers a hands-on shopping experience. Retail stores provide customers with the opportunity to browse and handle physical cards, which can help to drive sales and foster a sense of connection with the products. In addition, retail stores often have established relationships with card manufacturers and distributors, which can help to ensure a steady supply of high-quality products.

• Regional Insights

On the other hand, Europe is too expected to grow at a significant CAGR during the forecast period. Europe is expected to be the second most dominant region, and some of the factors contributing to the market's growth include the presence of globally renowned greeting card brands such as Hallmark Cards, Inc., UK Greeting Ltd, Budget Greeting Cards Ltd., and others who are working hard to attract customers through promotional campaigns. Budget Greeting Cards, the UK's largest greeting card wholesaler, is focusing on opening five new locations. Europe is also regarded as one of the most important locations for the celebration of love, particularly in cities such as Amsterdam, Paris, Milan, etc. which attracted more couples and most of the couples tend to express their love through a greeting love letter, and these factors act as growth drivers for the reason.

Gather more insights about the market drivers, restraints, and growth of the Greeting Cards Market

Key Companies & Market Share Insights

The greeting card industry is always changing and updating. To stay head-on in the market, players tend to launch new strategies more frequently. Market players are focusing on increasing investments in R&D to innovate new and attractive solutions for consumers for ease of purchasing greeting cards in the market. Moreover, major players are targeting new regions and demography to increase the sales of the products, by either entering the new market solely or by collaborating with local brands and retailers across the globe.  

• In November 2021, Hallmark Cards, Inc. today introduced a completely new type of greeting card that makes it easier than ever to create one-of-a-kind moments that will last a lifetime. Hallmark Video Greeting Cards are traditional Hallmark greeting cards that allow users to easily add a personalized video to the card.
• In July 2020, Dolly Parton has signed a licensing agreement with American Greeting for greeting cards for selling via Walmart online and retail stores. The collection is part of American Greeting's multi-year partnership with Dolly Parton, which includes digital and physical products incorporating the legendary singer-music, and songwriters such as a "SmashUp" personalized video greeting.

Key Greeting Cards Company Insights

Some of the key players operating in the global Greeting Cards market include:

• American Greeting Corporation
• Archies Limited
• Avanti Press Inc.
• Budget Greeting Cards Ltd.
• Card Factory plc
• Carlton Cards Ltd.
• Crane & Co.
• Galison Publishing LLC
• Hallmark Cards, Inc.
• IG Design Group Plc
• John Sands (Australia) Ltd.

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Hearing Aids Market: A Comprehensive Guide to Trends and Growth Drivers

Hearing Aids Industry Overview

The global Hearing Aids Market, estimated at $7.96 billion in 2023, is projected to experience a compound annual growth rate of 6.78% from 2024 to 2030. A primary driver of this expansion is the increasing occurrence of hearing loss within the growing geriatric population, coupled with a greater acceptance of hearing aid devices and increased understanding of technologically advanced options.

The market's strong technological focus is evident in the emergence of innovative products such as invisible, smart, AI-integrated, and Bluetooth-compatible hearing aids. These advancements, designed to improve the lives of users, are anticipated to be a major contributor to future market growth.

Detailed Segmentation:

• Sales Channel Insights

E-Pharmacy sales segment is projected to witness a significant CAGR over the forecast period. The internet plays a significant role in making a purchase decision and acquiring information about hearing aids, especially for young adults and millennials. These players help the wearer to get screened for auditory loss and acquire more information on technology. Their website also helps the wearer to make product and price comparisons, thus helping in making a purchase decision. These E-Pharmacy sales channels also help to increase the affordability and availability of aids in the global market.

• Product Type Insights

The canal hearing aids segment is anticipated to grow at the fastest CAGR over the forecast period. Canal devices are discreet devices, which is one of the critical success factors for their rapid growth. Wearing hearing aids comes with a stigma, therefore, young adults prefer canal devices over other devices. In addition, these devices are technologically advanced and significantly cancel external voices and reduce tinnitus. The above-mentioned factors are responsible for the growth of canal devices in the coming years.

• Technology Insights

Based on technology, the digital hearing aids segment held the largest market revenue share of 93% in 2023 and iswa anticipated to grow at the fastest CAGR over the forecast period. This is attributable to the increased preference and technological advancements in digital devices compared to analog devices. These devices offer enhanced flexibility in programming for matching the transmitted sound to meet the needs of a specific pattern of auditory impairment

• Regional Insights

Asia Pacific is anticipated to witness the fastest CAGR over the forecast period. Moreover, technological advancements and partnerships among market players are expected to drive market growth in Asia Pacific. China has one of the largest geriatric populations. As per the Population Reference Bureau 2023, the Chinese geriatric population is expected to reach 366 million by 2050. Furthermore, the market in China is poised to benefit from increased product launches and strategic partnerships. For instance, in September 2022, Tencent Holdings launched an innovative hearing aid device incorporating artificial intelligence (AI) technology. Consequently, the expanding elderly population, coupled with the surge in product development and collaborative efforts, plays a pivotal role in fostering the market growth.

Gather more insights about the market drivers, restraints, and growth of the Hearing Aids Market

Key Companies & Market Share Insights

Some of the key players operating in the market include Sonova, GN Store Nord A/S, SeboTek Hearing Systems, LLC, and WS Audiology.

• Sonova with its focus on innovation, diverse brand portfolio, and global reach, stands as a prominent player in the field of hearing care solutions, offering a comprehensive range of products to enhance the quality of life for individuals with auditory impairments
• WS Audiology offers a comprehensive range of devices designed to address different levels of hearing loss. The products aim to provide users with improved sound quality, comfort, and customization
• MDHearing, Foshan Vohom Technology Co., Ltd., and Eargo, Inc. are some of the emerging market participants in the market.
• Foshan Vohom Technology Co., Ltd. specializes in the design, development, and distribution of hearing aids and hearing solutions.Their products aim to provide users with enhanced sound quality, comfort, and personalized hearing solutions.
• Eargo, Inc. offers individuals with mild to moderate hearing loss. The company's focus on discreet and technologically advanced hearing aids appeals to consumers looking for modern and user-friendly solutions

Key Hearing Aids Company Insights

Some of the key players operating in the global Hearing Aids market include:

• 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

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Recent Developments

• In October 2023, GN Store Nord A/S launched its next-generation hearing aid product range, ReSound Nexia, which includes two RIE models, which are non-rechargeable and Micro RIE, which is rechargeable
• In March 2023, JIUYEE announced the launch of JIUYEE Real Pro. This launch will enable the firm to expand its product offerings. The product features with cutting-edge technology to offer users clear and natural sound quality
• In March 2022, Sonova acquired the consumer division of Sennheiser electronic GmbH & Co. KG. This will enhance Sonova's product portfolio while also expanding its geographical footprints

Virtual Reality (VR) Market: The Explosive Growth You Need to Know About

Virtual Reality (VR) technology has transcended its origins in gaming and entertainment to become a pivotal tool in various other industries. Modern education, aerospace, defense, and healthcare all use it. In healthcare, VR offers innovative solutions across various medical domains by immersing both patients and professionals in simulated environments.

Today, medical students and professionals are using VR for immersive education. Platforms such as Osso VR offer realistic surgical simulations, allowing trainees to practice procedures and receive feedback in a controlled environment. It enhances learning outcomes.

According to the Grand View Research estimates, the demand for VR technology in healthcare is expected to register the highest CAGR of 32.2% from 2025 to 2030. On the other hand, the global Virtual Reality (VR) Market is expected to reach $435.36 billion by the year 2030. Let us try to understand why the demand for VR is growing in the healthcare sector and how it is utilized there.

Surgical Planning and Training

VR devices enable surgeons to rehearse complex procedures in a risk-free, virtual setting. They allow for detailed preoperative planning. Platforms such as Surgical Theater's Precision VR take the 2D CT and MRI images and render them into a 360°VR map of the patient's anatomy. Such practices enhance precision during actual surgeries. Organizations such as Stanford University School of Medicine use VR technology to create 3D models from medical images for pre-operative practices.

With the help of VR headsets, surgeons can also collaborate with colleagues and mentors remotely, receiving guidance and feedback in real time.

Pain Management

VR has also emerged as an approach to pain relief. Obviously a non-pharmacological one! Clinical trials have demonstrated that cancer patients using VR experienced significant and sustained pain reduction compared to those receiving standard care. This suggests VR's efficacy as a complementary tool in pain management strategies.

VR has the ability to create a highly immersive experience that occupies attentional resources and prevents the brain from focusing on painful stimuli. It basically works as a distraction.  

Mental Health Therapy

Therapists have started utilizing VR to treat conditions such as PTSD (post-traumatic stress disorder), anxiety, and phobias. Virtual Reality Exposure Therapy (VRET) has been employed to help patients confront fears in controlled environments. The idea is to create virtual environments that mimic real-life situations that trigger anxiety.  It helps the patient get used to scary objects or situations, leading to notable improvements.

Physical Rehabilitation

Rehabilitation programs are also incorporating VR to motivate patients and make recoveries better. Virtual Reality-based Rehabilitation (VRBR) utilizes VR technology to enhance rehabilitation for musculoskeletal injuries, post-stroke, and neurological disorders. It can create an engaging environment for patients to practice and improve balance and functional abilities.

Individuals with ASD (Autism Spectrum Disorder) use VR to practice social interactions and life skills. VR environments provide safe spaces for users to engage in scenarios that enhance their social understanding and daily functioning, contributing to improved quality of life.

Elderly Care and Cognitive Health

VR is proving beneficial in elderly care and cognitive health as well. It helps combat loneliness and cognitive decline. In January 2024, a Dallas-based company Mynd Immersive, launched the Great American Elderverse initiative with an aim to transform the lives of older adults. The campaign offers seniors virtual experiences such as hiking the Alps or attending Broadway shows, leading to improved cognitive function and reduced feelings of isolation.

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Some of the key Healthcare Virtual Reality companies are:

• Vicarious Surgical
• Osso VR
• apoQlar
• eXeX
• AppliedVR
• XRHealth
• Tripp
• Mynd Immersive
• Limbix

Sneakers Market: Analyzing Consumer Preferences and Demographics

Sneakers Industry Overview

The global Sneakers Market was valued at approximately USD 78.59 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. One of the primary factors driving this industry’s growth is the rise of online platforms worldwide. There is an increasing preference for fashionable, branded, and high-fashion sneakers across all age groups, coupled with a rise in disposable income that boosts demand for both comfortable and innovative sneaker designs. However, the widespread availability of counterfeit products from local manufacturers may hinder growth. On the other hand, the presence of customizable and innovative features in sneakers presents lucrative opportunities for market players. The growing population and heightened concerns about health and wellness are encouraging more individuals to engage in fitness-related activities, further propelling industry growth. Additionally, the youthful population's increasing interest in fitness and sports is driving demand for sneakers.

The COVID-19 pandemic negatively impacted the global sneakers market. Strict lockdown measures imposed by governments led to halted production and a significant drop in sales, as global demand plummeted during the lockdown period.

Detailed Segmentation:

• Product Insights

The mid-top product type segment is projected to register the fastest CAGR of 6.9% over the forecast period. Increasing consciousness toward health and fitness has led to an increase in demand for mid-top sneakers, primarily in emerging nations. Originally manufactured for sports, such as tennis and basketball, mid-top sneakers are now also a famous choice among skaters. Innovative product launches as well as a high level of comfort provided by mid-top sneakers are likely to increase the demand over the forecast period.

• Distribution Channel Insights

The online segment is projected to register the fastest CAGR of 5.8% over the forecast period. With increasing internet penetration and benefits, such as easy access and payment options, consumers prefer purchasing products from online channels. The selling price of any sneaker sold online differs from its market price. This is usually due to offers and discounts available on company websites or any other online platform. Moreover, reviews and feedback on particular products help customers make informed purchases.

• End-user Insights

The women end-user segment is projected to grow at the fastest CAGR of 5.5% over the forecast period. Many sneaker brands majorly focus on women, with Aquazzura being exclusively women’s shoes. Striving to empower women, athleisure and sports brands like Nike Inc., Skechers USA Inc., and Reebok, have followed their calls for sizing inclusivity and carried out new personalized methods in product design as well as sales techniques. Nike Inc. revealed the first glimpse of its “fantasy sneaker destination for women” at the Fall 2018 Paris Fashion Week: a classic Air max sneaker collaboration with Off-White’s Virgil Abloh.

• Regional Insights

North America is anticipated to register the fastest CAGR of 5.6% over the forecast period. This is attributed to the changing lifestyles, increasing fashion consciousness, and high consumer disposable income, which is leading to an inclination toward comfort rather than price among customers. The U.S. is the major country with an increasing demand for sneakers in the region. Sneakers have long been related to American culture, but they have now spread all over the globe. Sneakers are in large demand, particularly among the younger generation. The Asia Pacific region accounted for the highest revenue share in 2021.

Gather more insights about the market drivers, restraints, and growth of the Sneakers Market

Key Companies & Market Share Insights

The key companies are growing internationally to cater to the rising demand and are presenting new designs through continuous development. These factors are is likely to intensify the industry growth. For instance,

• In July 2022, Adidas AG and Guccio Gucci S.p.A. planned to release their highly anticipated footwear collection centering around the Gazelle silhouette
• In December 2021, Chloe SAS introduced the Nama sneaker. The new sneaker reflects the company’s aim to reduce its impact on the environment by manufacturing the sneaker with lower-impact materials including recycled materials and components, which make up 40% of the sneaker's materials in weight
• In March 2020, ASICS launched a trio of sports shoes in a VR showroom and it also includes the first carbon-plate running shoes named ASICS Metaracer. This is a distance running shoe that comprises enhanced stability, redesigned mesh upper to keep the feet cool, and also redesigned toe-spring shape to decrease the strain
• In November 2019, Adidas AG launched limited-edition sneakers represented as VIT.01 shoe in collaboration with Team Vitality. Through this launch, Adidas planned to strengthen its position as a pioneering and innovative sports brand

Key Sneakers Company Insights

Some of the key players operating in the global sneakers market include:

• Nike Inc.
• Adidas AG
• New Balance Athletics, Inc.
• ASICS Corp.
• Kering SA
• Skechers USA, Inc.
• Under Armour Inc.
• VF Corp.
• Puma SE
• Relaxo Footwears Ltd

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Gluten-free Products Market: The Impact of Celiac Disease Awareness

Gluten-free Products Industry Overview

The global Gluten-free Products Market was valued at approximately USD 7.75 billion in 2024 and is projected to grow at a CAGR of 10.0% from 2025 to 2030. Recent years have seen significant growth in the gluten-free product industry, fueled by rising awareness of gluten sensitivities, celiac disease, and a broader health-conscious consumer base. The increasing prevalence of celiac disease is motivating many consumers to adopt a gluten-free diet. Key factors driving this trend include the demand for products that support digestive health, address food intolerances, and provide nutritional benefits.

As more individuals focus on wellness, gluten-free options have become increasingly popular for offering safe and nutritious alternatives without sacrificing taste, making them a preferred choice for those seeking healthier food options. According to data published in December 2024, global demand for gluten-free products surged by 16% between 2018 and 2022, positioning gluten-free products among the top 10 food trends.

Detailed Segmentation:

• Product Insights

The desserts & ice-creams segment is expected to grow at the fastest CAGR of 10.8% from 2025 to 2030. With growing awareness of gluten intolerance and the popularity of gluten-free lifestyles, demand has surged for desserts and frozen treats made without wheat-based ingredients. Manufacturers are responding with innovative formulations that maintain the taste and texture of traditional options while being gluten-free. In addition, the rise of plant-based and clean-label trends has further boosted interest in gluten-free desserts and ice creams that offer both indulgence and health-conscious appeal.

• Distribution Channel Insights

The online channels segment is expected to grow at the fastest CAGR of 11.0% from 2025 to 2030. People increasingly prefer to buy gluten-free products online due to the convenience, variety, and competitive pricing that e-commerce platforms offer. Online shopping eliminates the need to visit multiple stores, making it especially appealing for those in remote or less urbanized areas where specialized stores may not be available. Consumers increasingly prefer to shop for gluten-free products online due to the ease of browsing a vast range of items from the comfort of their homes. E-commerce platforms offer a broader selection of gluten-free products, including niche and hard-to-find items that may not be available in physical stores.

• Regional Insights

The gluten-free products market in Asia Pacific is expected to grow at a significant CAGR of 11.1% from 2025 to 2030. Rising disposable incomes and urbanization in the Asia Pacific have further fueled the growth of the gluten-free market. As urban populations expand, particularly in China and India, consumers are increasingly seeking healthier and specialized food options. This trend is supported by the middle class’s willingness to spend on premium products that cater to dietary preferences.

Gather more insights about the market drivers, restraints, and growth of the Gluten-free Products Market

Key AI In Media & Entertainment Company Insights

Many manufacturers in the gluten-free product industry are leveraging technology to enhance consumer experience and health tracking. By integrating IoT capabilities, some companies are developing smart packaging and mobile app connectivity that allow consumers to track product freshness, receive personalized dietary recommendations, and monitor nutritional intake in real-time. In addition, to cater to health-conscious and lifestyle-driven consumers, brands are offering customizable gluten-free options-such as build-your-own snack kits or mix-and-match baking blends-enabling greater flexibility and personalization. These innovations not only improve convenience and transparency but also deepen consumer engagement and brand loyalty.

Key Gluten-free Products Companies:

The following are the leading companies in the gluten-free products market. These companies collectively hold the largest market share and dictate industry trends.

• Conagra Brands, Inc.
• The Hain Celestial Group
• General Mills Inc.
• Kellogg Co.
• The Kraft Heinz Company
• Siete Foods
• Barilla G. e R. Fratelli S.p.A
• Seitz glutenfree
• Dr. Schär
• Ecotone

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Recent Developments

• In March 2025, Quiznos, the renowned sandwich chain known for its high-quality meats and cheeses, freshly sliced in-house daily and expertly toasted, announced the launch of new gluten-smart options across its U.S. locations. As part of this expansion, the brand introduced a limited-time offering, the Buffalo Chicken Club, featuring a spicy mayonnaise infused with Frank’s RedHot sauce, bacon, provolone cheese, tomatoes, and lettuce. The gluten-free bread is available for all sandwiches in regular and large sizes, with varying additional charges by location.
• In December 2024, Revyve and Lallemand Bio-Ingredients Savory announced a strategic partnership in the North American market. This collaboration marked Lallemand as Revyve's exclusive distributor in the USA, Canada, and Mexico and strengthened their partnership, with Revyve sourcing a key raw material from Lallemand. Together, they aimed to set a new standard for sustainable, gluten-free, animal-free, GMO-free, and natural food innovations.
• In October 2024, Dr. Schär launched three new gluten-free snacks: Peanut Butter Blondie Bites, Chocolate Brownie Bites, and Mini Honeygrams. The Peanut Butter Blondie Bites offer a blend of creamy and crunchy textures, while the Chocolate Brownie Bites provide a rich chocolate taste with a crispy wafer center. The Mini Honeygrams are bite-sized versions of Schär's classic graham-style cookies, lightly sweetened with honey. These snacks are designed to provide delicious, gluten-free options for various snacking occasions and are available online through the Schär Shop.
• In August 2024, Lancaster Colony Corp. introduced its first gluten-free line of New York Bakery frozen bread, featuring Garlic Texas Toast and Five Cheese Texas Toast varieties. These products utilize a patent-pending dough recipe designed to closely mimic the texture and flavor of traditional breads, addressing common challenges associated with gluten-free alternatives. The company plans to leverage this innovative formulation as a foundation for expanding its gluten-free offerings in the future.

AI in Media and Entertainment Market: The Impact of Machine Learning on Filmmaking

AI in Media and Entertainment Industry Overview

The global AI in Media and Entertainment Market was valued at approximately USD 25.98 billion in 2024, with a projected growth rate of 24.2% CAGR from 2025 to 2030. The integration of AI in this sector is reshaping the creation, distribution, and consumption of content. AI-powered tools facilitate automated content generation, including scriptwriting and video editing, which accelerates production processes and enhances efficiency. Predictive analytics enable companies to gain insights into audience preferences, fostering more personalized content delivery. Platforms are utilizing AI to recommend shows, music, and games based on user behavior, improving customer satisfaction. Furthermore, AI is revolutionizing advertising through real-time audience segmentation and targeted campaigns, making the media and entertainment industry increasingly data-driven and tailored.

AI also addresses challenges like copyright infringement and content piracy. Advanced algorithms can detect and flag unauthorized content distribution, protecting intellectual property. Technologies such as facial recognition and deep learning are used to create digital replicas of actors for films or immersive experiences. Additionally, AI enhances visual effects and animations, resulting in highly realistic productions. In gaming, AI-driven characters and adaptive gameplay offer more engaging experiences for players. As these applications develop, they present significant opportunities for innovation in storytelling and audience engagement.

Detailed Segmentation:

• Solution Insights

The services segment dominated the market in 2024 with a market share of 60.2%. The services category held a leading position in the market, driven by the rising demand for AI integration and customization in Media & entertainment workflows. Companies increasingly rely on service providers to implement and manage AI-driven solutions, ensuring smooth adoption and scalability. This segment covers consulting, maintenance, and support services, addressing critical needs for operational efficiency and technology upgrades. The flexibility of services allows businesses to optimize AI tools for tasks such as personalized recommendations, content moderation, and predictive analytics. Its adaptability and essential role in implementing AI solutions have secured its dominance in the market.

• Application Insights

Sales and marketing have achieved a dominant position in 2024 by utilizing AI tools for targeted campaigns and audience engagement. Predictive analytics enables businesses to identify potential customers and customize their strategies, accordingly, increasing conversion rates. Real-time data analysis allows marketers to optimize ad placements and content delivery across multiple platforms. AI-driven automation streamlines repetitive tasks such as email marketing and lead generation, enhancing efficiency. These advancements have made sales and marketing a pivotal focus for AI adoption in the Media & entertainment sector.

• Regional Insights

Asia Pacific is witnessing rapid growth in the AI-driven Media & entertainment market due to its expanding digital consumer base. Countries such as China, India, and South Korea are utilizing AI for large-scale content personalization and audience analytics. AI-powered video editing and special effects are gaining traction in regional film industries, including Bollywood and K-dramas. The adoption of AI in mobile gaming and esports is driving innovation and market expansion across the region.

Gather more insights about the market drivers, restraints, and growth of the AI in Media and Entertainment Market

Key AI In Media & Entertainment Company Insights

Some of the key companies in the AI In Media & entertainment market include Amazon Web Services, Inc., EMG, GrayMeta, International Business Machines Corporation and others. Organizations are focusing on increasing the customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions, and partnerships with other major companies.

• Amazon Web Services (AWS) is advancing AI in Media & entertainment by providing cloud-based solutions that enable companies to leverage machine learning and AI tools for content creation, distribution, and personalization. AWS offers services such as Amazon Rekognition for video analysis and Amazon Polly for text-to-speech, enhancing content workflows and viewer experiences. Through its deep integration with media pipelines, AWS empowers businesses to automate processes like content moderation, editing, and metadata tagging, making production more efficient.
• International Business Machines Corporation is utilizing AI in Media & entertainment through its AI-powered solutions like Watson Media, which helps automate content tagging, metadata extraction, and video indexing. By integrating AI with broadcasting workflows, IBM aids companies in delivering personalized experiences and improving customer engagement. Watson’s AI capabilities also support predictive analytics, helping media organizations optimize content production and distribution.

Key AI in Media and Entertainment Companies:

The following are the leading companies in the AI in media & entertainment market. These companies collectively hold the largest market share and dictate industry trends.

• Amazon Web Services, Inc.
• EMG
• Gearhouse South Africa PTY Limited
• Gravity Media
• GrayMeta
• International Business Machines Corporation
• LMG, LLC
• Matchroom Sport Ltd
• Production Resource Group, L.L.C.
• Synthesia Ltd
• TAIT

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Recent Developments

• In November 2024, Coactive AI, a technology company in the U.S., partnered with AWS to deliver generative AI solutions for advanced image and video analytics, enabling enhanced content discovery, personalization, and moderation across industries such as media, retail, and real estate. The Coactive platform is now available on AWS Marketplace, streamlining access for customers to optimize and monetize their visual content archives.
• In February 2024, Microsoft collaborated with media organizations, including Semafor, to introduce AI tools that enhance journalism by surfacing global sources, translations, and diverse perspectives. These initiatives aim to support reporters while addressing concerns about AI-generated misinformation and ethical practices.
• In February 2024, Synthesia AI launched Live Collaboration, a feature that allows teams to co-edit videos in real-time or asynchronously with tools such as shared editing, commenting, and version history. This launch aims to streamline workflows, enhance creativity, and improve communication for video projects across teams.
• In January 2024, GRUP MEDIAPRO, a multimedia communications group in Spain, in collaboration with Microsoft, launched the Artificial Intelligence and Synthetic Media Laboratory to develop innovative solutions for the audiovisual industry, emphasizing a human-centered approach and adherence to ethical principles. The laboratory aims to utilize advancements in AI, focusing on areas such as audience analysis and content personalization. 

Nutritional Supplements Market: Innovations in Formulation and Delivery

Nutritional Supplements Industry Overview

The global Nutritional Supplements Market was valued at approximately USD 485.62 billion in 2024, with a projected growth rate of 6.42% CAGR from 2025 to 2030. This growth is significantly driven by an increasing focus on health and wellness. Additionally, the rise in non-communicable diseases has accelerated the adoption of nutritional supplements designed to enhance overall health. According to the Global Alliance for Chronic Diseases (GACD), nearly 71% of global fatalities are attributed to non-communicable diseases (NCDs), prompting greater attention to health and wellness and boosting demand for nutritional supplements.

The COVID-19 pandemic positively influenced the nutritional supplements industry, as individuals became more aware of the effects of unhealthy lifestyles. During this period, the demand for immunity-boosting supplements surged, even in the absence of conclusive evidence that they prevent viral infections. This heightened interest in dietary and immunity-supporting supplements has created a substantial global market. The pandemic affected people across all age groups, with many experiencing various illnesses exacerbated by viral infections. Sales of dietary and immunity-boosting supplements saw significant increases. A study published by MDPI in December 2022 revealed that survey respondents in Europe reported using dietary supplements at rates ranging from 21% to 80% during the pandemic to mitigate infection risk and enhance immunity. The survey also indicated that multivitamins, vitamin C, vitamin D, and zinc were among the most commonly used supplements. This growing demand for supplementation products is driving market expansion.

Detailed Segmentation:

• Product Insights

The sports nutrition products segment is anticipated to grow at the highest CAGR of 7.69% from 2025 to 2030. This can be attributed to the growing emphasis on fitness and health to live a healthy life. Sports professional athletes and enthusiasts have been supporting sports nutrition products, consequently resulting in this segment's growth.

• Formulation Insights

The capsules segment is projected to exhibit the fastest growth at a CAGR of 8.71% from 2025 to 2030. The number of products available in multiple encapsulations is responsible for an upsurge in the bioavailability of active ingredients. Multi-membrane encapsulations or multilayered, extended-release capsules for minerals and vitamins and omega-3 fatty acids are now available in capsules, which have propelled the growth of the market.

• Consumer Group Insights

Based on the consumer group, the market is segmented into infants, children, adults, pregnant, and geriatric population. The adults segment dominated the market with revenue share of 51.62% in 2024. The segment is also anticipated to showcase the fastest CAGR over the forecast period. The large adult population engaged in regular gyming activities and sports is the major reason for the segment dominance.

• Sales Channel Insights

The E-commerce segment is projected to register the highest CAGR of 7.98% from 2025 to 2030. The online sales channel has increased significantly during the COVID-19 pandemic. As a plan to expand its geographical reach, players in the industry have been partnering with e-commerce platforms to make their products available online, which has positively influenced the growth of the market.

• Application Insights

The sports & athletics segment is expected to grow at the highest CAGR of 11.51% during the forecast period. As more individuals, from amateur athletes to professionals, focus on enhancing performance, endurance, and recovery, the demand for sports-specific supplements such as protein powders, creatine, and BCAAs has surged. In addition, the rising popularity of fitness influencers and athletes on social media has further boosted awareness and consumption. With growing health consciousness and a shift towards active lifestyles, the market for sports nutrition is anticipated to expand rapidly in the coming years.

• Regional Insights

North American nutritional supplements market has experienced significant growth in recent years, driven by increasing consumer awareness of health and wellness. Factors such as the rising demand for personalized nutrition, fitness, and immunity-boosting products, alongside the aging population, are key contributors. The market is also benefiting from the popularity of plant-based, organic, and natural supplements. E-commerce platforms and direct-to-consumer sales have further accelerated growth, with consumers seeking convenience and variety in their supplement choices.

Gather more insights about the market drivers, restraints, and growth of the Nutritional Supplements Market

Key Nutritional Supplements Companies:

The following are the leading companies in the nutritional supplements market. These companies collectively hold the largest market share and dictate industry trends.

• Glanbia PLC
• Nestlé Health Science
• Herbalife International of America, Inc
• Amway Corp.
• PepsiCo
• The Coca Cola Company
• GNC Holdings, LLC
• Thorne
• NOW Foods
• The Vitamin Shopee

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Recent Developments

• In June 2024, Steadfast Nutrition introduced three new supplements to its lineup: Whey Protein, LIV Raw, and a vegetarian Multivitamin mega pack with 180 tablets. These products aim to address the protein and nutrient needs of health-conscious individuals and athletes. The launch took place at Asia’s largest health and fitness event, the International Health Sports and Fitness Festival (IHFF).
• In May 2023, Launch Hydrate, a key player in the sports nutrition industry, partnered with the Perfect Game, a softball and baseball organization. This collaboration aimed to offer various sports drinks to the Perfect Games participants.
• In April 2023, Hemperella launched hemp-based protein powder, hemp muesli, and protein bars, among others. The availability of products in various flavors is expected to attract consumers, fueling segment growth.

Wealth Management Software Market: Enhancing User Experience Through Technology

Wealth Management Software Industry Overview

The global Wealth Management Software Market was valued at approximately USD 5.51 billion in 2024, with an anticipated growth rate of 14.0% CAGR from 2025 to 2030. This expansion is largely driven by the increasing adoption of cutting-edge technologies within wealth management advisory services. Innovations in financial technology are leading to a transformative approach aimed at automating and enhancing the delivery of financial services, which is expected to significantly boost market growth during the forecast period. Consequently, the rising integration of financial technology in wealth management is favorable for market expansion.

The growing demand for automation in wealth management processes is projected to further accelerate market growth. Wealth management platforms offer a cost-effective solution for users aiming to streamline workflows and manage their wealth efficiently. In addition to providing an open architecture, these platforms facilitate comprehensive access and contribute to the digitalization of the entire wealth management process. They can also be seamlessly integrated with various wealth administration applications. Wealth managers have recognized that affluent clients are increasingly focused on diversifying their investments, achieving personal objectives, ensuring financial security, and safeguarding their wealth.

Detailed Segmentation:

• Advisory Mode Insights

The human advisory mode segment accounted for the largest revenue share of 57.31% in 2024. Human advisory remains the first preference for several HNWIs across the globe owing to security concerns. Moreover, human advisory services also help in strengthening relationships with the clients and conveying and communicating wealth management strategies and plans to them more efficiently. However, the trends are changing gradually, and clients have started preferring the hybrid advisory model over the human advisory model.

• Deployment Insights

On-premise deployment is expected to register a moderate CAGR of 11.6% during the forecast period. Several organizations still prefer on-premise deployment of solutions to ensure a higher level of control over all the systems and data. The on-premise deployment model also allows organizations to have more control over the implementation of software. While on-premise solutions ensure that business data is stored and handled internally, it also necessitates businesses to appoint dedicated, in-house IT staff for support and maintenance purposes.

• Enterprise Size Insights

SMEs are readily adopting cloud-based mobile POS software solutions owing to their affordability and The small & medium enterprises segment is expected to grow at the fastest CAGR during the forecast period. The growing demand for wealth monitoring software by SMEs to effectively meet the regulatory requirements and to condense the asset monitoring costs is anticipated to drive the growth of the segment. The growing number of small & medium enterprises in emerging economies is also driving the demand for wealth management solutions.

• Application Insights

The financial advice management segment is expected to grow at the fastest CAGR during the forecast period. Several businesses across the globe are focusing on accelerating digitization, increasing operational efficiency, and strengthening client relationships, which is expected to propel the adoption of financial advice & management solutions across various end use industries. Nowadays, several wealth management firms are using wealth management software to manage their multiple clients more effectively. Integrated financial advice & management technology-enabled solutions help financial managers in collaborating with their clients to create investment proposals, identify financial goals, and effectively deliver financial advice.

• End-user Insights

The trading and exchange firms segment is anticipated to grow rapidly during the forecast period.The evolving technological capabilities of wealth management solutions are expected to open new opportunities for the adoption of wealth management software for trading & exchange purposes. Trading & exchange firms are increasingly using wealth management solutions to effectively manage the assets of their clients. Furthermore, the growing digitalization across trading firms is efficiently allowing clients to access their trading accounts and effectively understand the progress of their financial portfolio, thereby creating new growth opportunities for the segment.

• Regional Insights

The Asia Pacific wealth management software market is anticipated to grow at a CAGR of 15.2% during the forecast period. The region typically holds promising growth opportunities for robo advisors owing to the increasing adoption of digital platforms. The combination of innovative analytics and advanced algorithms is encouraging techno-savvy customers to opt for robo advisory tools to efficiently meet their investment requirements. Furthermore, the increasing number of SMEs in emerging economies, such as China, Japan, and India, is expected to create growth opportunities for the market. In addition, the latest IT infrastructure being adopted by SMEs in the region is expected to drive the demand for digital financial services to enhance their business capabilities.

Gather more insights about the market drivers, restraints, and growth of the Wealth Management Software Market

Key Companies & Market Share Insights

Some of the key companies in the market for wealth management software include Comarch SA, Dorsum Ltd., Fidelity National Information Services, Inc., and others. Organizations are focusing on integrating advanced technologies into their offerings to maintain competitive advantages. Therefore, key players are taking several strategic initiatives, such as new product launches, mergers and acquisitions, and partnerships, among others.

• Comarch SA wealth management platform is designed to ensure that both advisors and clients receive an exceptional level of digital wealth services. The company’s wealth management software enables users to provide personalized and relevant wealth services by combining traditional human expertise with an intuitive, multi-module, and cloud-enabled platform. 

• Dorsum Ltd. is a prominent provider of investment software solutions, particularly in the wealth management sector. The company specializes in delivering innovative technology that supports financial institutions in enhancing their wealth management services.

Key Wealth Management Software Companies:

The following are the leading companies in the wealth management software market. These companies collectively hold the largest market share and dictate industry trends.

• Comarch SA
• Dorsum Ltd.
• Fidelity National Information Services, Inc.
• Finantix
• Fiserv, Inc.
• Objectway S.p.A.
• Profile Software
• SEI Investments Company
• SS&C Technologies Holdings, Inc.
• Temenos Headquarters SA

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Recent Developments

• In October 2024, Communify Fincentric announced a next-generation suite designed to enhance client and advisor experiences in wealth management. Developed in the age of AI and built on Communify Fincentric’s deep expertise, this flexible platform delivers innovative solutions that offer exceptional access to information, personalization, and automation for advisors.

Point-of-Sale Software Market: The Impact of Mobile Payment Solutions

Point-of-Sale Software Industry Overview

The global Point-of-Sale (POS) Software Market was valued at USD 11.99 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. The demand for POS software is driven by the need for cashless transactions, efficient tracking of sales and inventory data, and enhanced sales strategies through analytics in various sectors, including retail chains, restaurants, hotels, drug stores, and auto shops. The increasing demand for advanced features such as employee management analytics, inventory tracking, sales monitoring, customer data management, and reporting is expected to accelerate the adoption of POS software across multiple industries.

The requirement for POS systems with improved functionality and analytics has risen significantly due to the diverse operational scenarios of businesses. These systems enable users to effectively manage staff, customers, payments, and invoices. They also facilitate efficient handling of inventory, billing, and employee management. POS software supports a wide range of business operations and can be installed on desktops, laptops, notebooks, or tablets with the compatible operating systems. The growing popularity of cloud-based mPOS solutions has further driven demand, while web-based POS systems have gained traction among small- and medium-sized stores due to their accessibility via web browsers or the internet.

Detailed Segmentation:

• Application Insights

The mobile POS market is projected to grow significantly during the forecast period. The expansion of technology has transformed how people make payments, and the installation of mPOS guarantees speedy payments through applications without the system needing to be connected to a local network. The credit card reader on a smartphone or tablet with apps installed to control the scanner and charging system is being utilized to initiate payments. The market has flourished as a result of the increasing use of mobile POS terminals by small businesses for payment processing as well as for carrying out cutting-edge functions, including inventory management, shop management, and analytics to enhance business operations.

• Deployment Mode Insights

On the basis of deployment, the industry has been further categorized into on-premise and cloud. The on-premises segment held the highest share of more than 65.70% in 2022. This can be attributed to the higher adoption of software for on-premise POS systems by large enterprises, which run on the local server over the remote facility. Large enterprises have a huge volume of sensitive customer information prone to data breaches. Hence, the on-premises deployment of software provides more control to the owner of the POS system, thus ensuring better security of crucial data.

• Organization Size Insights

SMEs are readily adopting cloud-based mobile POS software solutions owing to their affordability and scalability. Moreover, small- and medium-sized businesses in large numbers across the globe often expand at the city or state level and prefer budget-friendly POS software solutions based on word-of-mouth by similar business owners. Therefore, the SME user contribution to the industry has been vital in helping POS software vendors expand their presence in the local markets. Vendors targeting local business owners are focusing on small and medium-sized local businesses across the retail, hospitality, healthcare, and other major industries.

• End-user Insights

The restaurant POS software industry is poised to expand at a healthy growth rate from 2023 to 2030. The restaurant sector is another lucrative segment for POS software vendors. The rising integration of restaurants with online delivery providers is a key feature influencing POS purchases. Online ordering and delivery are expected to drive POS investments in 2022, which will help restaurants avoid costly third-party fees. Data analytics, order management, marketing, and payments in the restaurant industry have created a staggering trajectory and are expected to augment over the forecast year. Also, the tourism industry’s growth positively affected the restaurant business and boosted the demand for the deployment of POS software for better service to travelers.

• Regional Insights

Asia Pacific is expected to progress at the fastest CAGR of 14.1% over the forecast period. A rise in the adoption of POS terminals in the region due to strong growth in the electronic payment industry is expected to boost the POS software market growth. In developing countries, such as China, India, Indonesia, and Vietnam, the demand for cashless payment in retail, restaurant, entertainment, and other industries is accelerating the proliferation of POS software in the region. Moreover, the ever-increasing demand for POS solutions with advanced features among rapidly growing businesses, such as e-commerce retail, the food service industry, and entertainment, is expected to drive market growth over the forecast period. North America accounted for a significant share of the overall revenue in 2022.

Gather more insights about the market drivers, restraints, and growth of the Point-of-Sale Software Market

Key Companies & Market Share Insights

The key players focus on providing a differentiated and consistent brand experience, as operators are looking for more functionalities and features from existing systems. There is strong competition in the market owing to the presence of a large number of POS software vendors. POS software vendors have opted for a mix of inorganic and organic growth strategies to increase their market share. For instance, in May 2022, Blaze Solutions, Inc. acquired a Vancouver-originated POS software by offering services to the U.S. and Canada. This acquisition is aimed to serve international clients, while also enabling clients to gain experience in the Canadian and U.S. marketplace.

Key Point-of-Sale Software Companies:

Some of the prominent players in the global point-of-sale software market include:

• Clover Network, Inc.
• H&L POS
• IdealPOS
• Lightspeed
• NCR Corp.
• Oracle Micros
• Revel Systems
• SwiftPOS
• Square Inc.
• TouchBistro Toast Inc.

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