Flow Cytometry Market is driven by High R&D Investments in Biotechnology, Clinical, and Life Science Research

Flow Cytometry Industry Overview

The global flow cytometry market size was valued at USD 6.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2027. Factors such as the high prevalence of targeted diseases and increasing R&D investments in biotechnology, clinical, and life science research are expected to significantly fuel market growth over the forecast period.

Flow cytometry helps in analyzing the expression of cell surface and intracellular molecules. It is used to characterize and define different types of cells in a heterogeneous cell population and facilitates assessing the purity of isolated subpopulations. Rising R&D initiatives by various key players for the development of multicolor assays and advanced reagents for analysis are driving the market. Also, the increasing prevalence of chronic and infectious diseases, including the outbreak of COVID-19, has led to the high growth of the market for flow cytometry. Following the outbreak, numerous research institutes and pharma companies are involved in extensive R&D activities for the development of new vaccines and therapies. This has created a huge demand for flow cytometry solutions for research applications.

Gather more insights about the market drivers, restraints, and growth of the Global Flow Cytometry market

Flow cytometry is commonly used for the diagnosis of cancer and immunodeficiency. The increasing prevalence of these diseases is one of the factors expected to drive the market for flow cytometry over the forecast period. In addition, adverse effects of chemotherapy and radiation therapy in cancer treatment have increased preference for autologous and allogeneic stem cell therapies by physicians, thereby positively impacting the growth of this market. According to World Cancer Research Fund International (WCRF) data, around 18 million cancer cases were recorded in 2018 globally. Out of these, around 17,036,901 new cases were diagnosed in that year. The same source reported around 437,033 newly diagnosed leukemia cases in the year 2018. Flow cytometry is useful in the diagnosis and classification of leukemia and facilitates distinguishing between lymphoid and myeloid leukemia.

The biotechnology industry is expected to exhibit significant growth over the forecast period due to increasing healthcare expenditure in developed countries and improving healthcare facilities. An increase in government funding to conduct clinical studies pertaining to in vitro molecular diagnostics is expected to drive the market, as it plays a vital role in the development of new products. Increasing investments in prominent biotech and biopharma companies have led to significant market growth. Chinese investors are increasingly focusing on investing in the European biotech companies as compared to that in the U.S. For instance, in 2019, they invested over USD 400 million in European companies, which is greater in comparison to 2017, where less than USD 100 million was invested. In 2019, out of USD 14.92 billion invested in various life science companies, approximately 64.6% of it has been used by the biotechnology sector.

Flow cytometry instruments are expensive, and, as a result, many developing economies are unable to afford technologically advanced flow cytometers. These instruments cost nearly USD 75,000 to USD 100,000 for a four- to six-color and two-laser instrument, which pose a huge burden on small- and medium-sized hospitals and diagnostic laboratories in developing economies. Thermo Fisher Scientific’s Attune with a two-laser and six-color instrument is available for USD 99,000 in the U.S. Thus, the high cost of equipment is expected to limit the demand for advanced flow cytometers.

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Long Read Sequencing Market - The global long read sequencing market size was valued at USD 1,324.9 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 14.74% from 2022 to 2030.

Cell Reprogramming Market - The global cell reprogramming market size was valued at USD 311.66 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2030.

Key Companies profiled:

Some prominent players in the global Flow Cytometry market include

• Danaher Corporation
• Becton, Dickinson and Company
• Luminex Corporation
• Agilent Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• Miltenyi Biotec
• Sysmex Corporation
• Stratedigm, Inc.
• Apogee Flow Systems Ltd.
• Sony Biotechnology, Inc.
• Thermo Fisher Scientific, Inc.

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Growth of the Medical Disposables Market Is Attributable To the Rising Incidence of Hospital Acquired Infections, 2028

Medical Disposables Industry Overview

The global medical disposables market size was valued at USD 318.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2021 to 2028. The growth of the market is attributable to the increasing number of surgical procedures, rising incidence of Hospital Acquired Infections (HAIs), growing prevalence of chronic diseases leading to longer hospital admission, and the impact of COVID-19 outbreaks across the globe.

The COVID-19 outbreak and increasing hospital admissions across the globe have significantly increased the demand for medical disposables. The WHO has appealed to industries and governments to increase the manufacturing of personal protective equipment, including hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles, by 40.00% to meet the increasing global demand. It also reported that the increase in demand for these accessories has increased their prices to a major extent. For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold. Furthermore, the WHO has shipped around half a million sets of personal protective equipment to around 47 countries. Therefore, the outbreak of COVID-19 has immensely impacted the market and is a highly effective driver for this market.

Gather more insights about the market drivers, restraints, and growth of the Global Medical Disposables market

The outbreak of COVID-19 is anticipated to significantly impact the market for medical disposables. The pandemic caused by the virus SARS-CoV-2 has drastically increased the demand for medicines, medical disposable products, emergency supplies, and hospital equipment including gowns, antiseptics, and disinfectant products. COVID-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. In December 2019, the first patient was reported in China and since then, the disease has spread at a rapid pace. The first case was reported in Wuhan and has been identified that the infection was acquired from a zoonotic source. Post that incident human-to-human transmission of the virus largely took place in families within Wuhan.

The increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases is anticipated to positively impact the market for medical disposables. For instance, as per the International Diabetes Federation, the global prevalence of diabetes is expected to increase from 366.0 million in 2011 to 552.0 million by 2030. Prolonged diabetes leads to diabetic foot ulcers, which in turn increases the duration of hospital stay, rendering a positive impact on the market growth over the forecast period. Furthermore, the increasing geriatric population across the globe is also anticipated to propel the growth of the market for medical disposables. For instance, as per the World Health Organization (WHO), the global geriatric population is anticipated to rise from 84.0 million in 2014 to 2.0 billion by 2050. Since the geriatric population is prone to several diseases, thus this growing geriatric population is also expected to surge in the market growth over the forecast period.

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Disposable Syringes Market - The global disposable syringes market size was valued at USD 13.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.12% from 2022 to 2030.

Disposable Gloves Market - The global disposable gloves market size was valued at USD 12.31 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. 

Market Share Insights:

April 2019: Smith & Nephew PLC acquired Osiris Therapeutics, Inc. with an aim to accelerate the development of its advanced wound management product portfolio.

May 2019: 3M announced to acquire Acelity Inc. with an aim to strengthen wound management solutions. This may expand the customer base of the company.

Key Companies profiled:

Some prominent players in the global Medical Disposables market include

• Medline Industries, Inc.
• Smith & Nephew PLC
• Bayer AG
• BD
• 3M
• Cardinal Health

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Key Players Operating In the Dental Laboratories Market Include Dental Services Group and Envista Holdings Corporation

Dental Laboratories Industry Overview

The global dental laboratories market size was valued at USD 27.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. Increasing demand for cosmetic dental procedures and the growing geriatric population are among factors anticipated to fuel market growth. According to the World Bank, the 65 years and above population accounted for nearly 8.4% of the global population in 2016 and reached 9.3% in 2020. This is anticipated to propel the growth of the market in the coming years.

The COVID-19 pandemic significantly impacted the economy in 2020. The repercussions of the pandemic resulted in disruptions in the supply chain of various industries. The market for dental laboratories was also adversely impacted by the pandemic. Supply chain disruptions, shelter-in-place mandates, and closure of dental clinics severely impacted the market in 2020. According to ADA, in March 2020, over 75% of dentists closed their offices for non-emergency cases. Moreover, research from ADA and American Dental Hygienists Association revealed that 3.1% of the U.S. dental hygienists were suffering from COVID-19 as of October 2020.

 Gather more insights about the market drivers, restraints, and growth of the Global Dental Laboratories market

Rapid technological advancements in dental laboratories, such as the use of bone morphogenic proteins and hydroxyapatite coatings as implant materials, have resulted in reduced chair time, faster healing, and painless procedures. Similarly, the introduction of advanced imaging techniques such as Computer-aided Design (CAD) and Computer-aided Manufacturing (CAM) has facilitated planning and handling of complicated procedures as well as 3D imaging of dental implants, crowns, bridges, leading to better patient diagnosis.

Periodontal disease and dental caries are the most prevalent oral diseases across the globe. More than half of the global population suffers from periodontal diseases and dental caries. Governments of various countries and organizations, such as WHO, are undertaking initiatives to improve oral health across the globe. For instance, in 2019, oral health was included in the political declaration on universal health coverage. Member states of the UN, with the support of WHO, developed strategies to improve oral health in Africa, East Mediterranean, Southeast Asia, and Western Pacific regions.

Furthermore, the increasing number of celebrities and social media influencers showcasing their perfect smiles on social media platforms has triggered a need for aesthetic appeal in the field of dentistry worldwide. For instance, according to the American Academy of Cosmetic Dentistry, 99.7% of individuals believe that their smile is a vital social asset and nearly 84% of individuals agreed to be under an increased pressure to perfect their smile, thereby, increasing the number of celebrities and adults seeking orthodontic treatment. This high demand has resulted in the development of a wide range of techniques and procedures that cater to the specific needs of the patients, thus, propelling the growth of the market.

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Oral Care Market - The global oral care market size was valued at USD 33.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. 

Dental Lasers Market - The global dental lasers market size was valued at USD 931.8 million in 2018 and is expected to expand at a CAGR of 6.5% by 2026.

Dental Laboratories Market Segmentation

Grand View Research has segmented the global dental laboratories market on the basis of product, equipment type, and region:

 Dental Laboratories Product Outlook (Revenue, USD Million, 2016 - 2028)

• Restorative
• Orthodontic
• Endodontic
• Oral care
• Implant

Dental Laboratories Equipment Type Outlook (Revenue, USD Million, 2016 - 2028)

• Dental Radiology Equipment
• Dental Lasers
• Systems & Parts
• Laboratory Machines
• Hygiene Maintenance Device
• Others

Dental Laboratories Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Market Share Insights:

June 2021: Dentsply Sirona acquired Propel Orthodontics. This acquisition is a critical step in the company's strategy to improve its position in the rapidly expanding clear aligner sector. The acquired product lines are a perfect match for Byte and Sure Smile.

Key Companies profiled:

Some prominent players in the global Dental Laboratories market include

• Envista Holdings Corporation
• Dentsply Sirona
• A-dec Inc.
• Straumann AG
• Henry Schein, Inc.
• Champlain Dental Laboratory, Inc.
• Knight dental design
• National Dentex Corporation
• 3M Health Care
• Dental Services Group

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Key Players Operating In The Brain Implants Market Include Nevro Corporation, NeuroPace and NDI Medical LLC.

Brain Implants Industry Overview

The global brain implants market size was valued at USD 4.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2021 to 2028. Increasing incidence of neurological conditions such as Parkinson’s disease, Alzheimer’s, and epilepsy, coupled with increasing awareness regarding brain implant benefits, and positive research outcomes are among the major factors driving the growth of the overall market.

The increasing prevalence of neurological disorders is a high-impact rendering driver for the market. For instance, according to the WHO, neurological diseases contribute 6.3% to the global disease burden and are one of the major causes of mortality worldwide, resulting in 13.2% deaths in developed countries and 16.8% in low- and middle-income countries. This has created clinical urgency for the incorporation of long-term solutions such as spinal cord stimulators and deep brain stimulators. Moreover, the global prevalence of stress and obesity-induced depression is constantly increasing. As per the National Institute of Mental Health (NIHM), in 2016, 16.2 million adults had been through at least one major depressive episode in the U.S. Brain implants have been proved to play a crucial role in providing therapeutic solutions for depression. Thus, a rise in the prevalence of such diseases is expected to drive market growth during the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Global Brain Implants market

Moreover, the growing global geriatric population and increase in the incidence of target diseases, especially Parkinson’s, epilepsy, and Alzheimer’s, as well as high unmet medical needs has increased the demand for brain implants. The growing base of the aging population is more prone to Parkinson's disease. Individuals suffering from Parkinson’s are not able to release adequate dopamine in the brain, which leads to walking problems, tremors, and stiffness, among other conditions. As per the CDC, Parkinson's disease is largely diagnosed in people over the age of 60 and it is projected that it affects 1.0% of the population over 60 to 4.0% by age 80. According to the WHO 2018 report, the population pertaining to the age group of 60 and above is expected to reach approximately 2 billion by 2050, from 900 million in 2015. Thus, the geriatric population is highly susceptible to PD, which is expected to be a key factor driving the market for brain implants.

Furthermore, the introduction of advanced technologies such as MRI safety-enabled brain implants by Medtronic and the launch of transdermal neuromodulation technology (introduced by Neurowave Medical Technologies) is further anticipated to drive the market. In addition, technologies such as motor neuron prostheses, microelectrode arrays, and Brain Computer Interfaces (BCIs) exhibit benefits such as improved patient mobility profile. This advancement acts as a high-impact-rendering driver for the market. For instance, smart neural chips improve the wireless transmission of brain signals into fingers and hands with around 95% accuracy and this is anticipated to upsurge the demand for brain implants during the forecast period.

Furthermore, the increasing number of research activities leading to technological breakthroughs is expected to witness lucrative growth opportunities in the market for brain implants. These include self-charging implants and memory chips that are anticipated to provide the market with growth opportunities over the forecast period. For instance, Andersen Lab has research on cognitive signals in Post Parietal Cortex (PPC) for decoding target position for motions. The signals received by the cortex are used for controlling the device. Additionally, potential benefits of these devices, such as better management of postoperative outcomes and long-term efficacy are expected to facilitate market growth over the forecast period. These key factors are anticipated to raise the demand for brain implants.

The lockdown and restrictions pertaining to preventing the spread of COVID-19 in 2020 have had a significant impact on both the patients who have scheduled surgery and those who already undergone the DBS surgery. Brain implant surgery such as DBS is an elective surgical procedure in several institutes due to which the scheduled surgeries have been put on hold. Patients were advised to continue their last optimized dose regimen and surgeries were performed when the restrictions were lifted. Thus, the outbreak of COVID-19 has resulted in low demand for brain implants, therefore restraining market growth.

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Brain Health Supplements Market - The brain health supplements market size was valued at USD 7.68 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030.

Brain Mapping Instruments Market - The global brain mapping instruments market size was valued at USD 1.49 billion in 2018 and is anticipated to grow at a CAGR of 5.8%.

Key Companies profiled:

Some prominent players in the global Brain Implants market include

• Medtronic
• Boston Scientific Corporation
• Jude Medical (Abbott)
• NeuroPace, Inc.
• Nevro Corporation
• Synapse Biomedical Inc.
• Aleva Neurotherapeutics SA

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The Growth of the Brachytherapy Market Is Largely Attributable To the Rising Prevalence of Cancer by 2028

Brachytherapy Industry Overview

The global brachytherapy market size was valued at USD 788.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028. The increasing prevalence of cancer, technological advancements, and a significant rise in the adoption of brachytherapy are expected to drive the growth of the market during the forecast period. Brachytherapy is a type of radiation therapy used for the treatment of cancer. The radioactive materials are placed inside the body with the help of catheters.

It is an excellent treatment for localized tumors. Currently, artificially produced radionuclides such as Caesium-137, Iridium-192, Gold-198, Iodine-125, and Palladium-103 are routinely used. According to the International Agency for Research on Cancer (IARC), the global incidence of cancer in 2020 is estimated to be around 19.3 million. This is expected to increase to 24.6 million by the year 2030. The increasing cancer burden is one of the major factors driving the market.

Gather more insights about the market drivers, restraints, and growth of the Global Brachytherapy market

Radiation therapy can be used for prophylactic, palliative, or curative treatment. It can also be used as monotherapy or as an adjuvant with surgery, immunotherapy, and chemotherapy. The wide range of applications of radiotherapy has increased its adoption by physicians. The latest advancements in radiation therapy allow the delivery of a high amount of dose to the target area with minimum damage to nearby healthy tissues. This has increased the chances of localized tumor control and has improved cure rates, leading to an increase in demand for radiation therapy.

However, the lack of skilled radiotherapy professionals and access to technologically advanced products, particularly in developing countries is expected to be a major restraining factor for this market. According to the IAEA’s Directory of Radiotherapy Centres (DIRAC), as of 2020, there are around 3300 brachytherapy systems installed across radiation therapy centers worldwide. Around 60% of the cancer cases occur in LMICs. 80% of patients in these countries lack access to treatment as they have limited access to technologically advanced products. In LMICs, only 3-4% of the radiotherapy needs are met as opposed to 60-80% in the European countries.

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Cancer Monoclonal Antibodies Market - The global cancer monoclonal antibodies market size was valued at USD 62.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030. 

Cancer Immunotherapy Market - The global cancer immunotherapy market size was valued at USD 58.1 Billion in 2018. Growing adoption of advanced cancer therapeutic options coupled with rising cancer incidence has been one of the primary growth stimulants for the market.

Brachytherapy Market Segmentation

Grand View Research has segmented the global brachytherapy market by product, dosage type, application, and region:

 Brachytherapy Product Outlook (Revenue, USD Million, 2017 - 2028)

• Seeds
• Applicators & Afterloaders
• Electronic Brachytherapy

Brachytherapy Dosage Type Outlook (Revenue, USD Million, 2017 - 2028)

• HDR
• LDR

Brachytherapy Application Outlook (Revenue, USD Million, 2017 - 2028)

• Prostate Cancer
• Gynecological Cancer
• Breast Cancer
• Others

Brachytherapy Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Brachytherapy market include

• Varian Medical Systems, Inc.
• Becton Dickinson & Company
• Elekta AB
• Isoray Medical, Inc.
• Eckert & Ziegler BEBIG
• iCAD, Inc.
• CIVCO Medical Solutions
• Theragenics Corporation

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Capsule Endoscopy Market is driven by Rising Demand for Faster and Accurate Diagnostics Tools, 2028

Capsule Endoscopy Industry Overview

The global capsule endoscopy market size was valued at USD 465.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2028. The increasing prevalence of cancer, growing global geriatric population base, rising demand for minimally invasive diagnostic procedures, and introduction of technologically advanced capsules are the major factors bolstering the market growth. In addition, rising healthcare expenditure levels triggering the need for effective diagnostic procedures for cancer and supportive government initiatives are a few factors expected to boost the market growth.

Benefits provided by capsule endoscopies such as painless visualization of gastrointestinal tract images, precise diagnosis, and faster results have increased their adoption in recent years. In addition, the introduction of technologically advanced wireless capsules with enhanced features such as longer battery life, enhanced data storage capability, WiFi-enabled devices, ergonomic designs, easy transmission, larger frame rate, 360-degree panoramic view, and improved image quality are the other factors propelling the market growth during the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Global Capsule Endoscopy market

In addition, the rising geriatric population base is anticipated to provide this market with a strong platform of growth over the coming years. Aging significantly increases the risk of gastrointestinal disorders such as inflammatory bowel disease, Crohn’s disease, colorectal cancer, and appendicitis. Furthermore, the growing prevalence of cancer in older as well as younger adults in recent years and increasing adoption of screening tests, including capsule endoscopy for detection is likely to fuel market growth. According to statistics provided by Cancer.Net in 2021, it is estimated that around 149,500 adults in the U.S. will be diagnosed with colorectal cancer this year. Such increasing prevalence signifies the growth of the market shortly.

Furthermore, the rising adoption of minimally invasive surgical interventions has further propelled the utilization of capsule endoscopic systems and wireless capsules, majorly for detection or diagnosis of gastrointestinal issues such as OGIB (obscure GI tract bleeding), Crohn’s disease, cancer, and small intestine tumor. Capsule endoscopy provides highly efficient and fast results concerning screening of such gastrointestinal conditions, thereby boosting the adoption and leading to market growth.

Moreover, some of the limitations of capsule endoscopy such as capsule retention and utilization limited to diagnostic purpose act as hurdles in the growth of the market for capsule endoscopy. The risk of retention of the capsule may require endoscopic retrieval or rarely surgical resection. For instance, as per a 2017 study published in Annals of Translational Medicine, capsule retention occurs approximately in 2% of the patients undergoing a small bowel capsule endoscopic procedure. This creates an obstacle in the adoption of capsule endoscopes. However, with technological advancements and better-designed wireless capsules, the retention rate is anticipated to reduce, thereby fueling the market growth.

In addition, the COVID-19 pandemic has substantially impacted the capsule endoscopy market. The postponement, delay, cancellation, and reduction in the number of elective surgeries performed during the COVID-19 pandemic have impacted significantly the market. In addition, changing regulations with regards to surgical interventions and endoscopic screening procedures, and disruptions in the supply chain are some of the key factors that have hindered the growth of the market for capsule endoscopy during the pandemic.

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Endoscopy Devices Market - The endoscopy devices market size was valued at USD 42.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2030. 

Endoscopy Visualization Systems Market - The global endoscopy visualization systems market size was valued at USD 21.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2021 to 2028. 

Key Companies profiled:

Some prominent players in the global Capsule Endoscopy market include

• Given Imaging (Medtronic Plc)
• Olympus Corporation
• IntroMedic, Co. Ltd.
• Chongqing Jinshan Science & Technology (Group) Co., Ltd
• CapsoVision
• RF System lab

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Global Circulating Tumor Cells Market Size Is Expected to Reach USD 18.3 billion by 2027

Circulating Tumor Cells Industry Overview

The global Circulating Tumor Cells market size was valued at USD 8.4 billion in 2020 is expected to expand at a compound annual growth rate (CAGR) of 11.7% from 2021 to 2027. Owing to the non-invasiveness and advantages offered by circulating tumor cells, it is considered a promising tool in cancer diagnosis. In addition, technological advancements in chip technology are another key factor driving the market. Since the last several decades, extensive translational and clinical cancer research programs in the field of circulating tumor cells (CTCs) are being conducted. The ongoing research on circulating tumor cells technology by several government bodies, such as the American Association of Cancer Research and the American Society of Clinical Oncology, to utilize circulating tumor cells as a surrogate marker for determination of cancer progression is expected to aid the growth of the market.

Several tumor markers that have been introduced in recent years can be used with companion diagnostics to monitor or diagnose a variety of cancers. High adoption of companion diagnostics in monitoring tumor eradication characteristics of cytotoxic drugs is among the few factors propelling the demand in this market. Key stakeholders are constantly engaged in endeavors aimed at developing CTC-based tests, which can prove helpful in cancer diagnosis.

Gather more insights about the market drivers, restraints, and growth of the Global Circulating Tumor Cells market

Concerns related to the reliability and consistency of isolation as well as the relationship between quantitation of this biomarker and cancer prognosis are limiting factors affecting the clinical utility of this biomarker. Although there is a wide availability of several benchtop instruments for analysis and delineating circulating tumor cells from other blood cells, it is difficult to characterize these cells due to substantial phenotypes exhibited by these cells.

Furthermore, this biomarker has long been a subject of academic research, but the difficulty of centralizing the know-how and technologies has obscured the path to commercialization as many universities and private companies have developed their own expertise. However, recent years have seen a drive toward practical application, majorly due to a wave of acquisitions by large players centralizing the technology and numerous tie-ups with pharmaceutical companies to make progress toward forming a value chain and accelerate the market growth.

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Cell Culture Market - The global cell culture market size was valued at USD 21.05 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2022 to 2030. 

Single-cell Analysis Market - The global single-cell analysis market size was valued at USD 3.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.5% from 2022 to 2030. 

Market Share Insights:

November 2019: Biolidics Limited signed an agreement with Sysmex Corporation to develop a laboratory-developed test for the diagnosis of cancer. Since 2016, the companies collaborated for R&D of laboratory assays in this field by using ClearCell FX1 System along with Sysmex’s MI-FCM, a molecular imaging flow cytometer. This extension in collaboration helped the company expand its product portfolio.

Key Companies profiled:

Some prominent players in the global Circulating Tumor Cells market include

• QIAGEN
• Bio-Techne Corporation
• Precision for Medicine
• AVIVA Biosciences
• BIOCEPT, Inc.
• BioCEP Ltd.
• Fluxion Biosciences, Inc.
• Greiner Bio One International GmbH
• Ikonisys Inc.
• Miltenyi Biotec
• IVDiagnostics

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Introduction of Favourable Government Initiatives Augment the Demand of Dental Equipment Market by 2028

Dental Equipment Industry Overview

The global dental equipment market size to be valued at USD 16.5 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 12.1% during the forecast period. Dental equipment are the tools used to examine, manipulate, treat, and restore any oral ailments. Factors such as the increasing geriatric population suffering from oral diseases, evolving medical tourism pertaining to dental treatment, and the introduction of multiple government initiatives for public oral health care, are few growth enablers for the market.

Furthermore, the introduction of efficient and advanced dental equipment by major companies is also creating a boost for the market. Companies like Planmeca Oy, Dentsply Sirona, and Danaher Corporation, are rigorously introducing novel computer-aided imaging technology that will enable the practitioners to prepare a precise course of dental treatment. By product, the market is broadly divided into dental radiology equipment, dental lasers, systems and parts, laboratory machines, hygiene maintenance devices, and other equipment.

Gather more insights about the market drivers, restraints, and growth of the Global Dental Equipment market

High consumption of tobacco, alcohol, an unhealthy diet, and a high intake of sugar are the leading cause of dental caries, which is the most common type of chronic disease experienced globally. The rising geriatric population and their demand for dental services have also seen a surge. According to World Population Prospects, by 2050, 1 in 6 people in the world will be over the age of 65 globally, up from 1 in 11 in 2019,  providing a population pool of about 1.5 billion people above the age of 65 years by 2050.

Dental tourism has increased in emerging economies like Asia and Latin America primarily due to the high cost of treatment in regions such as North America and Europe, as dental treatments in these regions have become a commodity. Various government initiatives of countries are proving to be helpful to construct well-planned dental laws and campaigns aiming to improve availability and access to oral health care services; therefore, the aforementioned factors are likely to fuel the growth of the market.

However, the advent of the COVID-19 pandemic has hugely affected the market for dental equipment. Routine dental care was largely unavailable during the pandemic, as many dental practices were forced to close as they were deemed as elective procedures. The continuous operation and long-term survival of many practices are also threatened by the economic and social challenges arising due to care restrictions, practice closures, and shortages of personal protective equipment (PPE), as well as the need of investing in new types of PPE and technology. While many practices and clinics worldwide are re-opening, the possibility to return to normal is distant, as there are numerous concerns about the availability of dental services and ensuring the safety of dentists. A review article published by The Journal of Contemporary Dental Practice stated that COVID-19 is expected to be a watershed moment in the field of dentistry. While the market is expected to see positive changes in the safe delivery of dental care, an increase in the cost of availing of care is imminent.

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Dental X-ray Market - The global dental X-ray market size was valued at USD 1.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030.

Dental Diagnostic And Surgical Equipment Market - The global dental diagnostic and surgical equipment market size was estimated at USD 6.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2028.

Dental Equipment Market Segmentation

Grand View Research has segmented the global dental equipment market on the basis of product type and region:

Dental Equipment Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Dental Radiology Equipment
• Dental Lasers
• Systems & Parts
• Laboratory Machines
• Hygiene Maintenance Devices
• Other Equipment

Dental Equipment Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Market Share Insights:

May 2022: The Straumann Group has agreed to acquire PlusDental, a manufacturer of orthodontic treatment options in Europe. This takeover will strengthen the Group's strategic consumer expertise and open up new opportunities for growth.

July 2021: Surgically Clean Air and A-dec have established a new agreement to deliver air purifying solutions to the dentistry sector. The JADE Air Purifier from Surgically Clean Air, which will now be sold exclusively by A-dec to the dentistry profession is a sector air purification system with a premium, modern appearance and efficiency at the center of its design.

Key Companies profiled:

Some prominent players in the global Dental Equipment market include

• A-Dec Inc.
• Planmeca Oy
• Dentsply Sirona
• Patterson Companies Inc.
• Straumann
• GC Corporation
• Carestream Health Inc.
• Biolase Inc.
• Danaher Corporation
• 3M EPSE

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Increasing Demand of Homecare Services to Provide Opportunities to Incontinence and Ostomy Care Products Market, 2028

Incontinence And Ostomy Care Products Industry Overview

The global incontinence and ostomy care products market size was valued at USD 15.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. An increase in the number of patients suffering from urological diseases and defective bladder, rising ostomy surgeries of the bowel, and increasing geriatric population are significant factors boosting the market over the forecast period.

A high prevalence of urologic disorders, such as urinary retention, urinary incontinence, benign prostatic hyperplasia, cystitis, and kidney stones, leads to bladder dysfunction. A vast majority of the population faces bladder control issues such as leakage or urinary incontinence or retention. There are various conditions and chronic diseases that increase the risk of urinary incontinence such as Parkinson's disease, stroke, prostate cancer, and diabetes mellitus. According to Phoenix Physical Therapy, 200 million people are affected by urinary incontinence worldwide. Stress urinary incontinence is the most common type of incontinence in women. Thus, the increasing number of patients suffering from associated conditions is anticipated to boost the demand for incontinence and ostomy care products, thereby boosting market growth over the forecast period.

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Furthermore, rapid technological advancements pertaining to incontinence and ostomy care products are among factors driving the market for incontinence and ostomy care products. For instance, the development of fit and efficient pouching systems, and associated accessories that help in improving the quality of life of ostomy patients, is expected to drive the market. Coloplast, ConvaTec, and Hollister are some of the key market players investing significantly in R&D to launch new products. For instance, ConvaTec introduced the Esteem+ Flex Convex 1-piece system for patients who have undergone ileostomy, colostomy, or urostomy procedures. This system is designed for comfort and free movement of the body. Similarly, Trio Healthcare has launched Trio Siltac, a silicone-based ostomy seal. Trio Ostomy Care is the only company that offers silicone-based ostomy seal. This product helps prevent leakage and protects the skin around the stoma. Thus, such developments are expected to significantly influence the growth of the market for incontinence and ostomy care products over the forecast period.

Furthermore, the COVID-19 pandemic has negatively impacted the ostomy care business, as only the most acute ostomy surgeries have been performed following the outbreak. This impact has been the highest in Europe, especially in the U.K. Healthcare facilities have been exhausted with a large number of COVID patients; consequently, many countries have delayed elective surgeries and other medical procedures for an indefinite period. Hence, patients suffering from acute and chronic diseases have to be treated at home or at outpatient clinics. Thus, the demand for incontinence and ostomy care products used in homecare settings has increased.

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Ostomy Care And Accessories Market - The global ostomy care and accessories market size was valued at USD 3.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.

Cancer Immunotherapy Drug Discovery Outsourcing Market - The global cancer immunotherapy drug discovery outsourcing market was valued at USD 1.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030.

Incontinence And Ostomy Care Products Market Segmentation

Grand View Research has segmented the global incontinence and ostomy care products market on the basis of type and region:

Incontinence & Ostomy Care Products Type Outlook (Revenue, USD Million, 2016 - 2028)

• Incontinence Care Products
• Ostomy Care Products

Incontinence & Ostomy Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Market Share Insights:

June 2020: B. Braun Melsungen AG launched virtual support services (Emerald Nursing Service) during the COVID-19 crisis to help weak patients at home with acute bladder problems. This service delivers incontinence and ostomy care products to patients at home by providing facetime video tutorials and advice on usage.

April 2020: Essity acquired Novioscan a Dutch-based company that designs and manufactures wearable ultrasound technology for approximately USD 8.0 million in cash. This device helps monitor the bladder and enables continence control.

Key Companies profiled:

Some prominent players in the global Incontinence And Ostomy Care Products market include

• Coloplast Corp.
• Essity (Svenska Cellulosa Aktiebolaget)
• KCWW (Kimberly-Clark Corporation)
• Braun Melsungen AG
• Hollister Incorporated
• Unicharm Corporation
• ConvaTec Group Plc
• Welland Medical Ltd.
• Domtar Corporation
• Salts Healthcare Ltd.

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U.S. Knife Sharpening Service Market Consumer Trends and Preferences Analysis Report by 2028

U.S. Knife Sharpening Service Industry Overview

The U.S. knife sharpening service market size was valued at USD 70.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. The growing popularity of cooking shows, such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped, has renewed interest in preparing meals at home, thereby driving the kitchen knives market. Furthermore, cooking as a prominent career choice is expected to drive the demand for kitchen knives in the near future. Consumers who purchase high-priced knives are the major seekers of sharpening services. A growing number of hotels, restaurants, cafes, lawn mower repair shops, sewing shops, wood shops, sheep shearers, cheese shops, and salons is also acting as a major factor for the growth of the market in the U.S. 

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Consumers in the market are opting for award-winning service providers. Hence, companies are focusing on gaining reviews and awards. For instance, Carter Cutlery’s founder Murray Carter was recognized as one of Portland’s Master Bladesmith by the Portland Monthly Magazine in the March 2018 issue. In February 2018, Engearment.com reviewed Murray’s Perfect Neck Knife Carter Cutlery. According to the reviewer, Carter neck knives are EDC cutlery perfection.

In 2015, Rod’s Sharpening Service won second place in a nationally recognized sharpening contest i.e. Sharpeners Report contest in Hickory, North Carolina, the U.S. These recent developments and strategic initiatives have had a positive impact on the market growth. According to the Leading Indicator of Remodeling Activity (LIRA), home improvement spending has risen 6% annually in the last three years since 2015. In addition, owners spent an additional average of USD 2000 on home remodeling projects in 2016 compared to 2015. This scenario is projected to increase the adoption of smart home appliances.

The global outbreak of COVID-19 has significantly impacted knife sharpening service providers. Although with more people cooking at home instead of eating out, the demand for knife sharpening services among households is likely to be stable or increase. On a commercial level, the demand for this service has been severely hampered. This can be attributed to the lockdown directives issued by the government. Moreover, with restaurants, hotels, and other eateries either shut or working on reduced operations, the usage of knives has also reduced significantly. This has resulted in less requirement for sharpening services.

Currently, knife sharpening services are taking longer to deliver orders, particularly in states that have stay-at-home advisories and mandatory closure of nonessential businesses. In addition, the market has been witnessing supply chain disruptions. Fewer people working in order to contain the risk of spreading the virus results in delayed pick-up and delivery from and to the customers. Moreover, an increasing number of consumers are opting to sharpen their knives at home, equipped with tools bought online and instructions and videos found on the internet. This factor is also estimated to hamper the market growth over the forecast period.

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Smart Kitchen Appliances Market - The global smart kitchen appliances market size was valued at USD 13.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.4% from 2022 to 2030.

Commercial Kitchen Appliances Market - The global commercial kitchen appliances market size was valued at USD 79.72 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2020 to 2027.

U.S. Knife Sharpening Service Market Segmentation

Grand View Research has segmented the U.S. knife sharpening service market on the basis of end-user and region:

U.S. Knife Sharpening Service End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Household
• Commercial
• Industrial

U.S. Knife Sharpening Service Regional Outlook (Revenue, USD Million, 2016 - 2028)

• Northeast
• Southwest
• Midwest
• West
• Southeast

Key Companies profiled:

Some prominent players in the U.S. Knife Sharpening Service market include

• Carter Cutlery
• American Cutting Edge, Inc.
• Cozzini Bros, Inc.
• Florida Knife Company
• Town Cutler
• Eversharp Knives
• John’s Sharpening Service & Cutlery
• Market Grinding Inc.
• National Sharpening Company
• Rod’s Sharpening Service

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Sparkling Water Market is expected to Expand at a CAGR of 12.6% by 2028

Sparkling Water Industry Overview

The global sparkling water market size was valued at USD 29.71 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.6% from 2021 to 2028. With the growing trend of leading a healthy lifestyle among all age groups, people around the globe are gradually shifting to healthy and innovative drinks, including sparkling water. The growing consumer preference for sparkling water over sodas and sugary carbonated drinks is projected to drive the market over the forecast period. During the initial months of the Covid-19 pandemic, a majority of public places and offices were shut, which led to a significant drop in the commercial demand for sparkling water. However, widespread home isolation orders have spurred the demand for bottled water of various kinds among households across the globe, including sparkling water. According to the International Bottled Water Association (IBWA), bottled water businesses have boosted their production capacity to cater to this surge in demand, which, in turn, has benefitted the market.

With the growing awareness regarding the importance of leading a healthy lifestyle, people are switching to sparkling water due to the presence of a variety of minerals, including sodium, magnesium, and calcium, in the product. Furthermore, the product has a number of advantages; for instance, it helps improve digestion and may help relieve constipation.

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Various studies suggested that sparkling water is not as harmful as sodas for dental and bone health. Hence, several consumers consider carbonated water as a healthier alternative to soda and sugary carbonated drinks. Furthermore, over the past few years, an increase in the number of commercial advertisements for bottled water has been playing an important role in boosting brand visibility. These advertisements highlight the quality and hydration benefits of the product, and also emphasize taste and convenience.

Key players of bottled water are launching sparkling water to gain maximum market share. For instance, in February 2021, PepsiCo, Inc. introduced five new caffeinated sparkling water flavors, namely mango passion fruit, blood orange grapefruit, triple berry, blueberry pomegranate, and citrus cherry flavors, under its bubbly brand. These launches are increasing product visibility in the market and are anticipated to boost the market growth over the forecast period.

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Premium Bottled Water Market - The global premium bottled water market size was valued at USD 17.32 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028.

Flavored Powder Drinks Market - The global flavored powder drinks market size was valued at USD 72.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.0% from 2022 to 2030.

Sparkling Water Market Segmentation

Grand View Research has segmented the global sparkling water market on the basis of product, distribution channel, and region:

Sparkling Water Product Outlook (Revenue, USD Million, 2016 - 2028)

• Natural/Mineral Sparkling Water
• Caffeinated Sparkling Water

Sparkling Water Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hypermarket & Supermarket
• Convenience Stores
• Online
• Others

Sparkling Water Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Market Share Insights:

January 2020: Keurig Dr Pepper Inc. acquired Limitless, a U.S.-based caffeinated sparkling water company. This acquisition has widened Keurig Dr Pepper’s water portfolio and through this acquisition, the company entered the caffeinated sparkling water market.

Key Companies profiled:

Some prominent players in the global Sparkling Water market include

• Nestlé
• PepsiCo, Inc.
• National Beverage Corp.
• Talking Rain
• Keurig Dr Pepper Inc.
• The Coca-Cola Company
• Danone S.A.
• Clear Cut Phocus
• Hiball
• Northwest Coffee
• Volay Brands, LLC

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How big is the packaged salad market?

Packaged Salad Industry Overview

The global packaged salad market size was valued at USD 10.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2028.The growth of the market can be attributed to the rising popularity of salads and the ease of consumption provided by packaged food. The availability of pre-packed salads containing a variety of vegetables and fruits, dressed in condiments and dressings, and supplemented by a variety of meats and seafood has fueled the market growth. The COVID-19 pandemic has offered some respite to the market for packaged salad as people around the world have taken an unprecedented interest in cooking at home. With restaurants shut in most parts of the world, consumers have been preparing their own meals, which has driven the demand for various basic food items and ingredients, including packaged salads. This scenario is likely to keep the market prospects upbeat.

Over the past few years, consumers’ food preferences have been gradually shifting toward healthy plant-based foods. These salads containing numerous leafy vegetables are full of nutritional properties and are an excellent source of fibers, minerals, vitamins, and proteins. Moreover, these salads are rich in antioxidants, vitamins A, K, C, and E, iron, calcium, and potassium.

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Apart from the high nutritional content, these salads are more easily digestible and help improve the digestion system, compared to any processed or fortified food. The growing trend of organic food and beverages is expected to offer numerous opportunities for the market in the upcoming years. This trend is attributed to the increasing consumer awareness about the harmful effects of pesticides, chemicals, and additives and the high per-capita income of the consumers.

Furthermore, the rise of social media has created mass momentum toward achieving a fitter body. A majority of consumers consider healthy eating habits a major contributor to achieving physical wellness. The demand for a fiber-rich diet with low-fat and protein-enriched content has made salads the most appropriate dish to achieving their goal, and thus the demand for packaged salad is expected to witness consistent growth over the coming years.

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Yogurt and Probiotic Drink Market - The global yogurt and probiotic drink market size was valued at USD 79.36 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2030.

BBQ Seasoning Market - The global BBQ seasoning market size was valued at USD 13.38 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.

Packaged Salad Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Market Share Insights:

June 2019: Bonduelle acquired LLC SHOCK frozen vegetable company’s production plant in the Belgorod region, Russia. This new plant acquisition will increase the production capacity of Bonduelle and help it in coping with the growing frozen market demand in Russia.

Key Companies profiled:

Some prominent players in the global Packaged Salad market include

• BrightFarms, Inc.
• Dole Food Company, Inc.
• Earthbound Farm
• Eat Smart (Curation Foods)
• Fresh Express, Incorporated
• Misionero
• Gotham Greens Holdings, LLC
• Mann Packing Co., Inc.
• Bonduelle
• Organicgirl, LLC

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Key Players in The Surfing Apparel & Accessory Market Include Volcom, Globe International, and Reef Sports

Surfing Apparel and Accessory Industry Overview

The global surfing apparel and accessory market size was valued at USD 1.23 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. The increased number of surf schools, the growing trend of surfwear and surf-inspired clothes, and acceptance of surfing as a lifestyle sport among all age groups are likely to boost the market growth over the forecast period. Leading producers such as Quiksilver, Channel Islands Surfboards, and Firewire Surfboards are increasing their product innovation, which is propelling the industry forward. For example, in July 2019, Billabong, an Australian firm, announced the debut of Furnace Graphene, a graphene-enhanced surfing clothing. The graphene-wrapped yarns in this product are cleverly constructed to trap and hold heat more effectively, providing warmth to the wearer.

Businesses are implementing strategic marketing programs in order to grow their consumer base and increase sales. Partnerships with surfing clubs, professional surfers, and surfing superstars, for example, can help businesses get more clients. In addition, the exclusive online community provides a single platform for surf industry businesses. Large U.S. brands like Quiksilver/Roxy and Billabong represent specialty retail locations, which are increasingly gaining prominence. Specialty stores are willing to pay a greater price for higher-quality goods, and they try to set themselves apart by marketing themselves as a family store that caters to young teenagers and their parents.                              

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Consumers with a lot of disposable income want to acquire things regardless of the price. The features, functionality, and comfortability, on the other hand, are key concerns. Furthermore, it has been noted that most consumers in developing nations limit their surfing items. This is due to a lack of awareness as well as stringent financial limits.

With international tourist arrivals and tourist expenditure on water sports, Asia Pacific is predicted to be the fastest expanding market for surfing sports in the area. Many well-known beaches in the region, including Kuta Beach in Indonesia, Weligama Beach in Sri Lanka, Pansea Beach in Thailand, and Bai Dai Beach in Thailand, have become famous surfing destinations. These methods have raised the sport's prominence and acceptance in the region.

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Leather Goods Market - The global leather goods market was valued at USD 407.92 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030.

Shoe Insoles Market - The global shoe insoles market size was valued at USD 5.38 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.

Surfing Apparel and Accessory Market Segmentation

Grand View Research has segmented the global surfing apparel and accessory market on the basis of product, distribution channel, and region:

Surfing Apparel & Accessory Product Outlook (Revenue, USD Million, 2016 - 2028)

• Surf Apparel
• Surf Accessories

Surfing Apparel & Accessory Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

Surfing Apparel & Accessory Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Key Companies profiled:

Some prominent players in the global Surfing Apparel and Accessory market include

• Billabong
• Hurley, Inc.
• O’Neill
• RVCA
• Volcom, LLC
• GLOBE INTERNATIONAL LIMITED
• REEF
• Roxy, Inc.
• Ltd.
• Quiksilver, Inc.

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Key Players of Macadamia Nut Market are Hamakua Macadamia Nut Company and Mac's Nut Co. of Hawaii

Macadamia Nut Industry Overview

The global macadamia nut market size was valued at USD 1.31 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2021 to 2028. The growing public knowledge of the health advantages of nuts and dried fruits has been a key factor in the market expansion. Macadamia nuts are also used to make macadamia oil, which has become popular among both businesses and consumers. In recent years, there has been a considerable increase in global demand for healthy and nutritious snacks, particularly among the younger generation and the working-class population. People are also migrating away from non-vegetarian protein sources and moving toward plant-based protein sources.

Gather more insights about the market drivers, restraints, and growth of the Global Macadamia Nut market

Without incorporating any animal protein, macadamia nuts are the greatest way to meet one’s daily protein and fat requirements. This helps customers to stick to their vegan diets while avoiding lactose discomfort. For instance, according to a poll by Beijing-based think tank EO Intelligence, up to 71% of surveyed consumers stated snacks are equally important to their physical and psychological health. Freshness and health benefits are the top priorities for almost 85% of millennials, who are the primary buyers of healthy snacks in the market.

Macadamia kernels can be consumed fresh, cooked with, or processed into a number of goods. Roasted, roasted, and salted, chocolate coated, honey-roasted, and wasabi-flavored are all popular options. They are also used in biscuits, pastries, and ice cream, and they are ground into a paste and cold-pressed to produce oil. Consumers like oil-roasted macadamia nut kernels, but dry-roasted nuts are more popular because they only contain endogenous macadamia oil.

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Vegan Eggs Market – The global vegan eggs market size was valued at USD 141.3 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2022 to 2030.

Premium Chocolate Market – The global premium chocolate market size was valued at USD 75.32 billion in 2021 and will expand further at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030.

Macadamia Nut Market Segmentation

Grand View Research has segmented the global macadamia nut market on the basis of processing, product, distribution channel, and region:

Macadamia Nut Processing Outlook (Revenue, USD Million, 2016 – 2028)

• Conventional
• Organic

Macadamia Nut Product Outlook (Revenue, USD Million, 2016 – 2028)

• Raw
• Roasted
• Coated

Macadamia Nut Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)

• Online
• Offline

Macadamia Nut Regional Outlook (Revenue, USD Million, 2016 – 2028)

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Companies profiled:

Some prominent players in the global Macadamia Nut market include

• Hawaiian Host Group
• Health and Plant Protein Group Limited
• Hamakua Macadamia Nut Company
• Mac’s Nut Co. of Hawaii
• North Shore Macadamia Nut Company
• Superior Nut Company, Inc.
• Macadamia.US
• Makua Coffee
• T.M. Ward Coffee Company

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

The Rising Demand for Convenient, Portable, And Single-Serve Beverages Is the Key Driver for Canned Wine Market Growth, 2028

Canned Wine Industry Overview

The global canned wine market size to be valued at USD 571.8 million by 2028, expanding at a compound annual growth rate (CAGR) of 13.2% during the forecast period. The rising demand for convenient, portable, and single-serve beverages is the key driver for the market growth. Growing consumer inclination toward ready-to-eat and ready-to-drink products, owing to their busy lifestyles and hectic work schedules, is driving the product demand. The COVID-19 pandemic has had a positive impact on the regional markets in several key countries. According to a report published by the Wine Industry Network LLC, in August 2020, canned alcoholic drinks had gained tremendous traction during the lockdown period.

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Compared to 2019, the off-premises sales of canned beer/Flavored Malt Beverage (FMB)/cider increased by 25% in 2020. Canned wine is gaining popularity among consumers across the globe owing to its portability as well as convenience to keep it cold on beaches, during overnight camping trips, and other outdoor recreational activities. Moreover, these metal cans are less expensive and have a considerably higher recycling rate than glass bottles.

The rising popularity of outdoor recreational activities, such as overnight camping, RV camping, fishing, and hiking, has increased over the past few years, which, in turn, has boosted the demand for portable beverages, including canned wine.

According to the 2019 Outdoor Participation Report by the Outdoor Industry Association published in 2020, an estimated 151.8 million people in the U.S. participated in at least one outdoor activity in 2018. This participation saw a rise of 5.7 million participants from 2017 to 2018. Such activities bode well for market growth.

Moreover, consumers are willing to spend more on healthy, organic, and convenient foods and beverages with sustainable packaging solutions due to the rising health as well as environmental awareness. This will augment the demand for canned products, thereby supporting industry growth. Studies claim that aluminum cans are relatively cheaper and easier to stock & stack than other packaging solutions, which leads to less breakage.

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Canned Alcoholic Beverages Market - The global canned alcoholic beverages market size was valued at USD 10.01 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 21.9% from 2022 to 2030.

CBD Pouches Market - The global CBD pouches market size was valued at USD 112.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.5% from 2022 to 2030.

Canned Wine Market Segmentation

Grand View Research has segmented the global canned wine market on the basis of product, distribution channel, and region:

Canned Wine Product Outlook (Revenue, USD Million, 2016 - 2028)

• Sparkling
• Fortified
• Others

Canned Wine Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Supermarket & Hypermarket
• Online
• Other Stores

Canned Wine Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

Market Share Insights:

April 2022: DEFY an organic wine company launched its crowdfunding initiative through WeFunder with a secured fund of USD 500k to support its marketing activities, production, and sales. This funding is a way to move toward the market of the United States. The development aims to create a sustainable position for the brand by providing organic and high-quality canned wines for the consumers. This is expected to lead to increased consumption of the drink for different occasions, spurring high demand and growth of the target market.

June 8, 2022: The E.&J. Gallo became the authorized wine sponsor for the National Football League, to enhance their branding at the events and encourage team support. Through this strategic sponsorship, Gallo has attained proficiency to expand and diversify its product portfolio, with the evolving demands and consumer preferences across regions. This development is expected to increase the brand's performance in terms of sales and revenue, thereby contributing to the growth of the market.

Key Companies profiled:

Some prominent players in the global Canned Wine market include

• E & J Gallo Winery
• Union Wine Company
• Integrated Beverage Group LLC
• Sans Wine Co.
• Sula Vineyards Pvt. Ltd.
• The Family Coppola
• The Canned Wine Company

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CBD Gummies Market to Grow Speedily with CAGR of 30.7% by 2028

CBD Gummies Industry Overview

The global CBD gummies market size was valued at USD 1.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 30.7% from 2021 to 2028. CBD (Cannabidiol) gummies are receiving immense popularity among consumers owing to their exceptional pain relief, anti-depressant, anti-anxiety, and neuroprotective properties, which are expected to fuel the growth of the market over the forecast period. During the COVID-19 pandemic, people around the globe focused on the essentials of daily life. Governments across the globe have also put restrictions on the export and import of non-essential items, such as CBD, unprocessed hemp, and isolate. Hence, during the COVID-19 pandemic, the market for CBD gummies has witnessed slow growth across the globe.

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A wide range of pain medications are available in the global market such as aspirin, acetaminophen, ibuprofen, and naproxen, and all of these painkillers have very serious side effects. On the other hand, these products can help in reducing chronic pain by improving endocannabinoid receptor activity, reducing inflammation, and acting together with neurotransmitters. Such health benefits are anticipated to fuel their demand over the forecast period.

However, CBD gummies have evolved as an important method to cope with stress and the product has become essential among consumers who have been enjoying it for a while. Thus, these consumers continue to contribute to revenue growth. Further, an increase in the stress levels of the common masses due to the outbreak of the pandemic can contribute to higher demand for CBD gummies.

The increasing pressure among working individuals and even students has resulted in a gradual rise in anxiety and depression across the globe. According to statistics provided by the Anxiety and Depression Association of America (ADAA), in 2019, anxiety is the most common mental illness in the U.S., with more than 40 million adults of age 18 and older affected by this disorder only in the U.S. With the increasing prevalence of anxiety and depression, the demand for CBD gummies is anticipated to receive a boost over the forecast period.

A rise in the legalization of cannabis for medical and recreational purposes is a major factor supporting the demand for cannabidiol gummies. No traces of tetrahydrocannabinol (THC) content in the product is expected to further drive the demand among consumers interested in the consumption of the product for medical purposes.

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Healthy Fruit And Vegetable Chips Market - The global healthy fruit and vegetable chips market size was valued at USD 11.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2030.

Meat, Poultry And Seafood Market - The global meat, poultry and seafood market size was valued at USD 1,277.1 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030.

CBD Gummies Market Segmentation

Grand View Research has segmented the global CBD gummies market on the basis of concentration, distribution channel, and region:

CBD Gummies Concentration Outlook (Revenue, USD Million, 2016 - 2028)

• High
• Low

CBD Gummies Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

CBD Gummies Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
• Europe
• RoW

Market Share Insights:

February 2021: Champs, Inc. signed an exclusive distribution agreement with First Capital Venture Co., a subsidiary of PotNetwork Holdings and the owner of Diamond CBD. This cooperative effort is to bring athlete-approved products to the market that will widen the opportunity for Diamond CBD.

August 2020: CV Sciences, Inc. launched its Happy Lane product line that includes soft gels, roll-ons, liquids, chews, and gummies. These are distributed through the convenience store channel and select natural products retailers across the U.S. 

Key Companies profiled:

Some prominent players in the global CBD Gummies market include

• CV Sciences, Inc.
• Dixie Brands
• Reliva CBD
• Sunday Scaries
• Green Roads
• Medix CBD
• Hemp Bombs
• PureKana
• Diamond CBD
• Premium Jane

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