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Calendered Polyvinyl Chloride Flexible Films Market Growth & Trends Analysis By 2030

Calendered Polyvinyl Chloride Flexible Films Industry Overview

The global calendered polyvinyl chloride flexible films market size was valued at USD 16.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Factors, such as increasing global demand from the building & construction industry and the surging demand for calendered polyvinyl chloride (PVC) flexible films in food and beverage packaging applications are anticipated to fuel the growth of this market across the globe.

Calendered polyvinyl chloride flexible films are used across various end-use industries owing to their lightweight, sturdiness, and abrasion resistance. Moreover, they are resistant to all inorganic chemicals and can withstand extreme climatic conditions, and are corrosion-free. According to a report published by the New Plastics Economy Global Commitment, approximately 60% of the signatory group (players committed in the aforementioned program), including packaging product manufacturers, and retailers that employ single-use cutlery, Polystyrene (PS), polyvinyl chloride, or carbon black, have planned to remove these plastic packaging materials from their portfolios as there is a significant global shift toward using reusable/recyclable packaging materials from conventional packaging materials.

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The U.S. calendered polyvinyl chloride flexible films market is expected to witness slow growth as there is limited cross-border trade between the countries on account of the COVID-19 pandemic. The market is primarily driven by the rising demand for calendered PVC flexible films in medical applications for manufacturing capsules, tablets, drainage bags, and other medical equipment. The demand for plastics in various applications, including packaging, construction, electrical & electronics, automotive, agriculture, and consumer goods, is expected to grow after the current pandemic ends.

The demand for calendered polyvinyl chloride flexible films in packaging is expected to shift toward food packaging applications owing to the increasing demand for takeaways and the shutdown of restaurants and foodservice outlets amid the pandemic. The stockpile and panic purchases of food, groceries and other homecare necessities are further expected to accentuate the aforementioned trend in the U.S. Furthermore, the demand for calendered polyvinyl chloride flexible films in premium goods and non-food packaging is expected to rise significantly as supermarkets and convenience stores have started operations at full capacities.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

Temperature Controlled Packaging Solutions Market – The global temperature controlled packaging solutions market size was estimated at USD 35.65 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. This packaging method is specifically designed to keep the products safe and at a constant temperature till their final distribution.

Flame Retardants For Aerospace Plastics Market – The global flame retardants for aerospace plastics market size was valued at USD 29.11 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030. The industry is characterized by rising safety concerns over the flammability of plastic materials and their rapidly increasing usage in the aircraft sector.

Calendered Polyvinyl Chloride Flexible Films Market Segmentation

Grand View Research has segmented the global calendered polyvinyl chloride flexible films market based on end-use and region:

Calendered Polyvinyl Chloride Flexible Films End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)

Pharmaceutical
Medical
Automotive
Building & Construction
Consumer Goods
Industrial

Calendered Polyvinyl Chloride Flexible Films Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)

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

Key Companies profiled:

Some of the prominent players in the calendered polyvinyl chloride flexible films market include:

Mississippi Polymers, Inc.
Teknor Apex Company, Inc.
Canadian Speciality Vinyls
South Asia Plastics Group
ACG
Caprihans India Limited
Mondorevive S.p.a.
ALFATHERM SpA
HEXIS S.A.S.
ZHONGSHAN LIN-YANG PLASTIC CO.LTD.
RENOLIT SE

Order a free sample PDF of the Calendered Polyvinyl Chloride Flexible Films Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Endodontic Devices Market: Instruments Segment Led The Global With A Revenue Share

Endodontic Devices Industry Overview

The global endodontic devices market size was valued at USD 1.75 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. An increase in the prevalence of dental caries, high expenditure on dental care, and a rise in out-of-pocket expenditure are some of the major factors driving the market growth. Increasing demand for rotary instruments, improved reimbursement scenario, rising dental tourism, and infrastructural improvements are likely to support the market growth during the forecast period. In addition, the growing investments by key players, such as Danaher and Dentsply Sirona, for geographical expansion are expected to further boost the market growth. According to the Centers for Medicare & Medicaid Services report in 2020, the total healthcare spending in the U.S. has increased to around USD 3.8 trillion.

However, the total dental expenditures have declined from 4.5% to 3.7% from 2000 to 2020, and out-of-pocket dental expenditures have remained more than 40% of all dental care spending during this period. The market saw a slight setback due to the COVID-19 pandemic in the second and third quarters of 2020, particularly due to supply chain bottlenecks and national shutdowns. However, after the second quarter of 2020, dental procedures like root canalling, implants, etc. started to resume and this might boost the market growth. The endodontic consumables type segment in the U.S. market is expected to grow at a significant CAGR during the forecast period. A rise in the consumption of sugar and tobacco has led to an increased prevalence of tooth decay and infection.

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In the U.K., oral health is improving; however, 24.7% of children aged 5 years & above have tooth decay with an average of 3 to 4 teeth affected. Poor oral health leads to expensive treatments, resulting in a significant burden on the national government. Dental tourism is growing worldwide due to an increase in competition and technological advancements, enabling providers in developing countries to offer dental care at economic costs as compared to their counterparts in developed countries. Dental tourism involves patients seeking dental care outside their local healthcare systems. Dental tourism has gained popularity among Europeans and Americans owing to the cost savings associated with services, such as root canals, fillings, dental bridges, and orthodontic care, in destination countries.

In Costa Rica, international tourists seeking dental care accounted for 40% of all medical tourist populations. According to Promed, people from around the world travel to developing countries for dental treatments, primarily because it saves 60-70% of their overall treatment costs. As per the WHO, European and Asian countries have a high prevalence of dental diseases with dental caries being the most frequent dental condition. Developing Asian countries like India and China are witnessing an increase in dental diseases due to the growing consumption of sugary foods, poor tooth brushing habits, and a low level of awareness about dental caries. However, the COVID-19 pandemic affected the overall dental and oral hygiene market.

Regular dental visits, appointments, and consultations were ceased in many countries and key manufacturers reported supply chain and operational constraints. However, the market is expected to recover, as according to the American Dental Association, 39% of practices in the U.S are fully operational with the volume of patients they had before the pandemic. Dentsply Sirona which is a key market player in the dental market reported that its Technologies & Equipment segment, which includes endodontic devices, witnessed 6.8% growth in the fourth quarter of 2021 as compared to 2020. This indicates that the dental market is recovering from the losses caused by the pandemic.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

Bioequivalence Studies Market – The global bioequivalence studies market size was valued at USD 679.8 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. Increasing demand for generics and biosimilars is one of the key factors augmenting the growth of the market for bioequivalence studies.

Heart-lung Machine Market – The global heart-lung machine market size was valued at USD 2.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. The cardiopulmonary bypass (CPB) machine, also known as the heart-lung machine, is a device utilized in cardiac surgeries to take over the functions of the heart and lungs temporarily.

Endodontic Devices Market Segmentation

Grand View Research has segmented the global endodontic devices market based on type, end-use, and region:

Endodontic Devices Type Outlook (Revenue, USD Million, 2018 – 2030)

Instruments
- Apex Locators
- Endodontic Motors
- Endodontic Scalers
- Handpieces
- Endodontic Lasers
- Machine Assisted Obturation Systems
- Others
Endodontic Consumables
- Access Preparation
- Shaping & Cleaning
- Obturation

Endodontic Devices End-use Outlook (Revenue, USD Million, 2018 – 2030)

Dental Hospitals
Dental Clinics
Dental Academic & Research Institutes

Endodontic Devices Regional Outlook (Revenue, USD Million, 2018 – 2030)

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

Market Share Insights

January 2021: COLTENE launched MicroMega One RECI (a single shaping file in reciprocating motion). This is expected to minimize the mechanical impact on the dental hard tissues.

Key Companies profiled:

Some of the key players in the global endodontic devices market include:

Danaher
Dentsply Sirona
FKG Dentaire
Ultradent Products
Ivoclar Vivadent
Septodont
COLTENE
Micro-Mega
Brasseler Holdings LLC
DiaDent Group International

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

About Grand View Research

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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Orthopedic Braces And Supports Market: Orthopedic Clinic’s Segment Was The Largest Revenue Contributor

Orthopedic Braces And Supports Industry Overview

The global orthopedic braces and supports market size was valued at USD 4.06 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. Increasing product and technological developments, geriatric population, the prevalence of chronic and acute conditions, and initiatives by major companies are some of the key drivers of this market. For instance, in February 2021, BREG, Inc. launched Pinnacle and Ascend lines of orthopedic braces comprising of 15 products for patients with spinal injuries. With this, the company expanded its portfolio in manufacturing every major orthopedic bracing category, including walker boots, upper and lower extremity braces, and cold therapy devices.

The COVID-19 pandemic adversely impacted the orthopedic braces and supports market in 2020 with low demand and sales. The bracing & support market is largely driven by surgeries, injuries, and access to physicians- all of which were affected by the pandemic and the associated measures. The market gradually recovered by the end of 2021 as patient visits resumed and surgery volumes went up.

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Clinicians also noted that many people suffered from the effects of detraining when physical activities resumed after the lifting of lockdown restrictions. These included reduced neuromuscular capability, muscle mass and diminished speed, flexibility, and strength, plus endurance, thus increasing the risk of injury. Factors unrelated to the pandemic also presented challenges for the market stakeholders. For example, competitive bidding for off-the-shelf spinal and back braces came into effect in January 2021 in the U.S. This is expected to increase pressure on pricing for certain products.

Increasing amateur sports and activity levels, the geriatric population in key markets across the globe, number of elective orthopedic surgeries e.g., knee replacement is anticipated to drive the demand for high-end products such as the Unloaded OA bracing products and postoperative bracing solutions. Rising incidences of osteoarthritis are a leading orthopedic condition impacting product demand. It is the most common form of arthritis affecting populations of all ages. The Centers for Disease Control and Prevention (CDC) estimated that nearly 78 million U.S. adults above 18 years of age are anticipated to be diagnosed with arthritis by 2040.

The geriatric population is considered as one of the highest contributors to the demand for orthopedic braces and support. This population is highly susceptible to musculoskeletal disorders. Bones and connecting tissues, such as ligaments and cartilages, naturally weaken with growing age. This poses a high risk for muscle injury mainly in the knees and shoulders of the elderly.

This further stiffens the joints, which raises the need for braces and supports to improve mobility. ACL sprains and tears are the other commonly affecting conditions affecting people involved in high-demand activities such as football, gymnastics, soccer, downhill skiing, and basketball. As movement restrictions were eased, injuries due to the potential impact of detraining emerged as a key contributing factor to ACL injuries.

Products in the medical devices industry are subject to pricing pressures, controls, or any other price restrictions globally. Pricing may alter owing to the direct intervention of a country’s government in establishing prices. For instance, competitive bidding for off-the-shelf spinal and back braces came into effect in January 2021 in the U.S. This is expected to increase pressure on pricing for certain products. Likewise, in February 2020, the Indian Government gazette a notice that brought all medical devices and medical equipment sold in the country under the existing quality and safety regulatory framework by declaring them as “drugs”.

Sports-related injuries are raising with the growing number of sports activities. Athletes are focused on fitness-related activities such as running, cycling, and others. While gaining health benefits through such activities, they are likely to sustain injuries, which can further lead to ligament injury. Indoor athletes are at high risk for ankle ligament tear. Hence, they are expected to generate substantial demand for ankle braces. In addition, ankle braces are recommended post an acute ankle sprain. Athletes also use orthopedic braces to protect themselves from further injury during sports activities. It helps them restrict unwanted movement during matches, thereby, facilitating a convenient play.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

Sperm Bank Market – The global sperm bank market size was valued at USD 5.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.56% over the forecast period from 2023 to 2030. Innovations in cryopreservation techniques, rising awareness, the emergence of fertility tourism, and increasing access to infertility treatment are the key factors driving the growth.

Over-The-Counter (OTC) Hearing Aids Market – The global over-the-counter (OTC) hearing aids market size was valued at USD 1.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.60% from 2023 to 2030. OTC hearing aids have lower prices when compared to prescription ones and hence are more affordable.

Orthopedic Braces And Supports Market Segmentation

Grand View Research has segmented the global orthopedic braces and supports market reports based on the product, end-user, and region:

Orthopedic Braces And Supports Product Outlook (Revenue, USD Million, 2017 – 2030)

Braces & Supports Type
- Knee Braces & Supports
  - Knee Braces for Osteoarthritis and Ligament Injuries
  - Post-operational Knee Braces
- Back Braces & Supports
  - Upper Spine Orthoses
  - TLSOs
  - LSOs
  - Others
- Ankle Braces & Supports
  - Soft Braces
  - Hinged Braces
- Walker Boots
  - Pneumatic
  - Non-pneumatic
- Upper Extremity Braces & Supports
  - Elbow Braces & Supports
  - Wrist Braces & Supports
  - Others
- Others
Pain Management Products
- Cold Therapy Products
- DVT Products

Orthopedic Braces And Supports End-User Outlook (Revenue, USD Million, 2017 – 2030)

Orthopedic Clinics
Over the Counter (OTC)
Hospitals
DME Dealers
Others

Orthopedic Braces And Supports Regional Outlook (Revenue, USD Million, 2017 – 2030)

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

Market Share Insights

September 2021: Össur launched the REBOUND ACL brace thus expanding its portfolio. The product is indicated to help patients recovering from anterior cruciate ligament (ACL) injury. Otto Bock is another leading market player that offers an extensive portfolio of braces and supports for spine, knee, shoulder, foot & ankle, hip, and elbow /wrist/ hand.

June 2021: TayCo Brace- a medical device start-up specializing in ankle braces for injury recovery, received USD 1.2 million in funding from multiple investors. The company’s customer base includes over 65 NCAA teams, medical providers in 47 states, 17 NFL teams, and several medical centers.

Key Companies profiled:

Some of the key players in the global orthopedic braces and supports market include:

Össur
BREG, Inc.
DeRoyal Industries, Inc.
Bauerfeind
DJO Global, Inc.
Otto Bock
Fillauer LLC
Frank Stubbs Company Inc.
McDavid
Hely & Weber

Order a free sample PDF of the Orthopedic Braces And Supports Market Intelligence Study, published by Grand View Research.

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Who Are The Key Players In Reclaimed Rubber Market?

Reclaimed Rubber Industry Overview

The global reclaimed rubber market size was valued at USD 1.04 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030. In recent years, global demand for reclaimed rubber has been driven by favorable regulations implemented by governments across the globe to promote sustainable materials as a substitute for conventional virgin rubber and the rising demand for reclaimed rubber from end-use sectors like automotive & aircraft tires, footwear, belts & hoses, retreading, and molded rubber goods manufacturing.

The market has witnessed collaborations between end-users and chemical manufacturers to develop new products from used tires. For instance, as of December 2021, Ralf Bohle GmbH, a bicycle tire manufacturer, Pyrum Innovations AG, and TH Köln University entered into a collaborative partnership to develop new bicycle tires from old tires. Initiatives like these are expected to help companies source raw materials and manufacture reclaimed rubber at economical costs.

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According to the International Organization of Motor Vehicle Manufacturers (OICA), the U.S. was the leading producer of commercial vehicles in the world in 2020. Despite the outbreak of the pandemic, the country witnessed a rise in demand for pickup trucks in 2020. Ford Motor’s F-Series truck retained its dominance followed by pickups from Fiat Chrysler and General Motors.

Tire retreading is commonly observed in heavy-duty commercial vehicles since replacing tires is expensive and tire retreading provides a feasible and economical option for commercial vehicle owners. The growing automotive industry in the U.S. is expected to drive the demand for reclaimed rubber in the tire retreading industry.

The Environmental Protection Agency (EPA) along with the government of Mexico, implemented the U.S.-Mexico Border 2020 Program, incorporating goals to reduce and prevent land contamination via strengthening waste management. The project is aimed at reducing dumped waste, including tire scraps with other materials. Such initiatives are expected to promote tire recycling and positively affect the growth of the market.

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

· Plastic Films And Sheets Market – The global plastic films and sheets market size was valued at USD 127.74 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The growing demand for plastic films in the agricultural sector is a major growth driver for the industry.

· Concrete Floor Coating Market – The global concrete floor coating market size was valued at USD 4.52 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The industry’s growth is mainly attributed to the increasing investments in green buildings across the U.S. Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources.

Reclaimed Rubber Market Segmentation

Grand View Research has segmented the global reclaimed rubber market report based on product, end-use, and region:

Reclaimed Rubber Product Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

· Whole Tire Reclaim Rubber

· Butyl Reclaim Rubber

· EPDM Reclaim Rubber

· Others

Reclaimed Rubber End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

· Automotive & Aircraft Tires

· Retreading

· Belts & Hoses

· Footwear

· Molded Rubber Goods

· Others

Reclaimed Rubber Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 – 2025)

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East & Africa (MEA)

Key Companies profiled:

Some of the key players in the global reclaimed rubber market include:

· GRP Ltd

· J. Allcock & Sons Ltd

· Rolex Reclaim Pvt. Ltd.

· Fishfa Rubbers Ltd.

· HUXAR

· Tianyu (Shandong) Rubber & Plastic Products Co., Ltd.

· Swani Rubber Industries

· Minar Reclaimation Private Limited

· SRI Impex Pvt. Ltd.

· SNR Reclamations Pvt. Ltd.

· High Tech Reclaim Pvt. Ltd.

· Balaji Rubber Industries (P) Ltd.

· Star Polymers Inc.

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

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Bed Head Panel Market: Asia Pacific is Estimated To Register The Highest CAGR By 2030

Bed Head Panel Industry Overview

The global bed head panel market size was valued at USD 2.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2030. Increasing government initiatives, a rising geriatric population, and a high prevalence of chronic diseases are anticipated to drive the growth of the market during the forecast period. Furthermore, growing research and development activities to develop advanced bed head panel has been the area focus of manufacturers across the globe. This is further expected to lead the market during the forecast period. An increase in hospitalization rates as a result of the COVID -19 pandemic is an additional major factor driving the market.

Due to the significant outbreak of this infectious disease, there has been a global demand for modern healthcare services and infrastructure to treat infected patients that have never been seen before. Therefore, bed head panels, which are an important aspect of healthcare services, are in high demand around the world as a result of an increase in COVID-19 patients. The ongoing pandemic has also resulted in a rise in the number of patients with severe respiratory illnesses. Since then, oxygen levels in people with the COVID-19 have dropped, causing breathing difficulties. As a result, bed head panels with several medical gas plug aid in the delivery of oxygen to persons with respiratory problems. Therefore, the number of patients requiring critical care and advanced healthcare services during pandemics has skyrocketed. This in turn is expected to boost the growth of the market for bed head panels.

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Furthermore, major companies are working on providing innovative products and comprehensive services to increase/maintain end-user confidence. For example, Hill-Rom quadrupled its manufacture of critical care products, such as ventilators, hospital beds, and vitals monitoring systems in March 2021 to help fight the COVID-19 pandemic. Such initiatives are anticipated to spur market growth. The prevalence of chronic diseases, such as urological disorders, cancer, cardiovascular disorders, neurovascular diseases, and other chronic problems, is increasing, resulting in a considerable increase in hospital admission rates. Additionally, as a result of high blood pressure, obesity, and smoking, a large percentage of the population is currently in danger of developing chronic diseases. Chronic diseases are responsible for 60% of all fatalities worldwide, according to the World Health Organization (WHO).

Furthermore, every year, 17.9 million people die as a result of cardiovascular disorders worldwide. According to the same source, cancer is the leading cause of death worldwide, accounting for nearly 1 in every 6 deaths. Therefore, increasing hospitalization, coupled with an increase in chronic illnesses, is likely to boost bead head panel installations, resulting in market growth. The need for bed head panels in various healthcare settings is likely to increase with its rising aging population, a demographic that is more susceptible to chronic illnesses such as diabetes and other lifestyle-related disorders. In addition, adults aged 65 and up are more prone to develop diabetes, heart disease, neurological disorders, cancer, and other chronic illnesses, according to the CDC. Patients with such conditions require hospital treatment, both emergency, and non-emergency.

Moreover, according to the World Health Organization, the global population of adults aged 60 and more is expected to exceed 2 billion by 2050. In addition, by 2050, 80% of the world’s elderly would live in low- and middle -income countries. As a result, one of the significant impact-rendering factors for bed head panel market expansion is expected to be growing elderly population. To achieve a competitive advantage, manufacturers are creating innovative products. For instance, INMED-Karczewscy, a firm located in Poland, released the latest model of the medical gas alarm panel, during the MEDICA International Trade Fair 2019 in November. It detects irregularities in gas supply and provides an audiovisual warning. It can be hung on the wall or attached to the front of other devices. Over the forecast period, such advancements are expected to promote market growth.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

· Sperm Bank Market – The global sperm bank market size was valued at USD 5.0 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.56% over the forecast period from 2023 to 2030. Innovations in cryopreservation techniques, rising awareness, the emergence of fertility tourism, and increasing access to infertility treatment are the key factors driving the growth.

· Over-The-Counter (OTC) Hearing Aids Market – The global over-the-counter (OTC) hearing aids market size was valued at USD 1.06 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.60% from 2023 to 2030. OTC hearing aids have lower prices when compared to prescription ones and hence are more affordable.

Bed Head Panel Market Segmentation

Grand View Research has segmented the global bed head panel market based on specialty, end-use, and region:

Bed Head Panel Specialty Outlook (Revenue, USD Million, 2017 – 2030)

· ICU

· Surgical

· Others

Bed Head Panel End-use Outlook (Revenue, USD Million, 2017 – 2030)

· Hospitals

· Clinics

· Others

Bed Head Panel Regional Outlook (Revenue, USD Million, 2017 – 2030)

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East & Africa (MEA)

Market Share Insights

· December 2021: Hill-Rom was acquired by Baxter International, Inc., a global leader in medical technology. The merger brings together two leading medical technology firms with the similar goal of improving patient care and transforming healthcare globally.

Key Companies profiled:

Some of the prominent players in the bed head panel market include:

· Precision UK Ltd.

· Baxter

· Novair Medical

· Amcaremed Medical

· Amico Group of Companies

· Drägerwerk AG & Co. KGaA

· BIOLUME

· BeaconMedaes

· Silbermann

· INMED

Order a free sample PDF of the Bed Head Panel Market Intelligence Study, published by Grand View Research.

About Grand View Research

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Coronary Stents Market Size, Share & Trends Analysis Report 2022 – 2030

Coronary Stents Industry Overview

The global coronary stents market size was estimated at USD 8.8 billion in 2021 and is expected to witness a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030. An aging population and a rising prevalence of risk factors such as cardiovascular diseases (CVDs), complex lesions, diabetes, obesity, and others are expected to drive demand for coronary stents over the forecast period. According to the WHO, in 2019, CVDs were among the major causes of mortality worldwide. In 2019, an estimated 17.9 million people died from CVDs, responsible for 32% of all worldwide mortalities.

Furthermore, according to research published in the National Library of Medicine in June 2021, one of the CVDs, coronary artery disease (CAD), causes roughly 610,000 fatalities yearly (an estimated 1 in 4 deaths) and is the major cause of mortality in the US. As a result, the unprecedented rise in CAD incidence is predicted to boost demand for an effective coronary stent device for treatment. This factor is expected to bolster the demand throughout the forecast period. Since a coronary stent is used in the majority of Percutaneous Coronary Intervention (PCI) procedures, the impact of COVID-19 on the market for coronary stents closely tracked the impact of COVID-19 on overall PCI procedures.

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During the pandemic’s initial outbreak and periods of high local COVID-19 case counts, several states, towns, and nations issued orders to citizens to shelter in place or minimize the potential exposure to and transmission of illness, resulting in elective surgeries being postponed. As a result, total PCI procedure volumes-and hence coronary stent unit sales and revenues-went significantly lower in 2020. These revenues are expected to rise as facility capacity usage improves and resumes all the semi-elective to non-urgent procedures.

Furthermore, all notable competitors in the market for coronary stents announced revenue falls in their interventional cardiology portfolios, which include coronary stent devices, in 2020, owing mostly to the impact of the COVID-19 pandemic. Boston Scientific, for instance, reported a significant decrease in annual revenues in its Interventional Cardiology segment, which includes coronary stent devices, in 2020, but the company performed relatively well in the first quarter of 2021, reporting revenue growth of approximately 7% globally compared to the first quarter of 2020. In contrast, Abbott Laboratories Laboratories was the least affected, with less impact on its entire vascular segment in 2020, which includes coronary stent devices, in its 2020 annual results.

In addition, the rising preference for minimally invasive surgeries (MIS) is another factor expected to boost the adoption of coronary stents over the forecast period. The advantages of these procedures include small incision wounds leading to higher patient satisfaction. These procedures also provide shorter hospital stays and facilitate quick recovery. Stenting technology is increasingly being preferred over the conventional balloon angioplasty owing to the introduction of advanced DES and evolving bioresorbable scaffolds. Technological advancements in coronary stents, such as the development of bifurcated stents and the use of biodegradable materials, have led to efficient and improved outcomes of CVD treatment. Companies are proactively involved in product developments and partnerships and strategic collaborations. The aforementioned factors are expected to propel market growth over the forecast period.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

Radiofrequency Skin Rejuvenation Devices Market – The global radiofrequency skin rejuvenation devices market size was valued at USD 664.6 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030. An increasing focus on physical appearance amongst the consumer has led to increased demand for the market.
In-vitro Fertilization Microscopes Market – The global in-vitro fertilization microscopes market size was valued at USD 101.6 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.41% from 2023 to 2030. In-vitro fertilization (IVF) is a procedure classified under assisted reproductive technologies (ART).

Coronary Stents Market Segmentation

Grand View Research has segmented the global coronary stents market report based on product and region:

Coronary Stents Product Outlook (Revenue, USD Million, 2017 – 2030)

Bare Metal Stents (BMS)
Drug-Eluting Stents (DES)
- Biodegradable
- Non-Biodegradable
Bioresorbable Vascular Scaffold (BVS)

Coronary Stents Regional Outlook (Revenue, USD Million, 2017 – 2030)

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

Key Companies profiled:

Some of the prominent players in the coronary stents market include:

Abbott
Medtronic
Boston Scientific Corporation
Terumo Corporation
B Braun Melsungen AG
Biotronik
Stentys SA
MicroPort Scientific Corporation
C. R. Bard, Inc.
Cook Medical

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Healthcare Smart Contracts Market: Supply Chain Management Held The Major Share

Healthcare Smart Contracts Industry Overview

The global healthcare smart contracts market size was valued at USD 1.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030. Increased application of the blockchain technology in healthcare is anticipated to augment the demand for smart contracts in healthcare industry. The existing competencies of the healthcare industry are further improved by the introduction of modern and novel computer technologies comprising smart contracts. Healthcare organizations suffer from an inability to securely share data across platforms. Better data collaboration amongst providers could ultimately mean more effective treatments, more precise diagnoses, and more cost cost-effective care. Smart contracts play the role of rule as code-free with the advantages of automating platforms and reducing human control of platforms. Thus, it makes work simpler and cheaper for humans as well as for organizations which, in turn, contributes to market growth.

The COVID-19 Pandemic has shattered the financial system globally which exposing age-old cracks within supply chain systems. The pandemic has adversely affected facets of human life and various sectors, particularly the health sector. Healthcare systems are overwhelmed, with scientists and entrepreneurs scurrying to the help of all. Such conditions headed to the creation of new patterns of life that individuals have had to deal with to ease the spread of the pandemic by committing to social distancing, and others. Hence, technological organizations and governments had to take advantage of technological developments in the current era to overcome these challenges. Besides, Blockchain was identified as a critical infrastructure service under the COVID 19 guidelines by the U.S. government.

Gather more insights about the market drivers, restrains and growth of the Global Healthcare Smart Contracts market

Besides, the advent and rapid spread of the COVID-19 pandemic have showed the restrictions in existing healthcare systems to handle patient records securely and transparently, and innovative protocols are essential to address such shortcomings. Application of Blockchain technology is gaining traction in healthcare and has the ability to alleviate these issues. For instance, a study published in January 2022 demonstrated that securely and quickly storing and retrieving COVID-19-related health information using smart contracts with the Ethereum blockchain allows the patient information protection while enabling more efficient research and communication. Thus, an attractive option of smart contracts to safeguard the storage of medical records and associated data logs will support the growth of the market for healthcare smart contracts.

Interoperability disparities are a top priority for the healthcare sector. Current industry statistics show the existing centralized IT systems for exchange of health data, utilizes the services of 150,000 individuals and costs $18.6 billion globally each year. Blockchain technology provides a decentralized system of health data exchange which protects and supports authenticate health information. Additionally, blockchain reduces the burden and cost related with data reconciliation by supporting easy access to real-time health information. Thus, promotes in market growth during forecast period.

Currently, reliable Blockchain type quality is crucial to being competitive in the market for healthcare smart contracts. Expectations on quality assurance and control in value chains are growing. For most manufactured and distributed goods, quality control is lawfully mandatory or a prerequisite for payment by the partners along the value chain. Quality control and assurance are still firmly human-based processes and thus relatively manual, costly, and prone to error. Thus, the corporations are utilizing digital technology to mitigate such issues, which in turn, supports market growth. For instance, the solution Merck KGaA are developing offers a framework to produce digital trust by simply transforming human trust in quality control into a more effective machine-to-machine (M2M) interaction. Its new, multi-patented technology, which is built on numerous blockchain layers, digital certificates, crypto anchors, and smart contracts will offer one “single source of truth”.

Browse through Grand View Research’s Healthcare IT Industry Research Reports.

Fitness Tracker Market – The global fitness tracker market size was valued at USD 44.8 billion in 2022 and is expected to grow a compound annual growth rate (CAGR) of 17.6% over the forecast period. The increasing prevalence of chronic diseases such as obesity, diabetes and heart diseases is one of the major drivers of the fitness tracker market.

OBGYN EHR Market – The global OBGYN EHR market size was valued at USD 1.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.50% from 2023 to 2030. The growth of the market is driven by the increased focus on quality healthcare, higher demand for automation, and the need for efficient data management.

Healthcare Smart Contract Market Segmentation

Grand View Research has segmented the global Healthcare Smart Contract Market based on blockchain type, application, end-use, and region:

Healthcare Smart Contract Blockchain Type Outlook (Revenue, USD Million, 2017 – 2030)

Hyperledger Fabric
MultiChain56
Ethereum
Others

Healthcare Smart Contract Application Outlook (Revenue, USD Million, 2017 – 2030)

Data Exchange and Interoperability
Clinical Trials
Supply Chain Management
Claims Adjudication and Billing Management
Others

Healthcare Smart Contract End-use Outlook (Revenue, USD Million, 2017 – 2030)

Healthcare Provider
Healthcare Payer
Drug and Medical Device Companies
Others

Healthcare Smart Contract Regional Outlook (Revenue, USD Million, 2017 – 2030)

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

Market Share Insights

May 2017: PokitDok proclaimed that it has chosen the Linux Foundation’s Hyperledger Sawtooth, as its leading platform for recording DokChain healthcare transactions.

Key Companies profiled:

Some of the prominent players in the healthcare smart contracts market include:

IBM
ScienceSoft USA Corporation
Blockchain AI Solutions Ltd (FarmaTrust)
SmartData Enterprises
ION Medical Safety
Aetsoft Inc.
Apriorit
ELEKS
Medicalchain
PokitDok

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Personal Protective Equipment Market Growth & Trends Analysis By 2030

Personal Protective Equipment Industry Overview

The global personal protective equipment market size is expected to reach USD 131.18 billion by 2030, registering a CAGR of 6.7% according to a new report by Grand View Research, Inc. The global personal protective equipment market is significantly driven by increasing spending on worker safety and protective products coupled with rising awareness about the stringent safety rules and regulations.

The COVID-19 outbreak had a positive impact on the growth of the personal protective equipment market. The market was is significantly attributed to the high demand for protective equipment to protect against COVID-19 infection in 2020. Over the forecast period, market growth is expected to witness steady growth attributed to the increasing use in various industries.

The increasing awareness among industry participants regarding the importance of worker safety and security at workplaces on account of the stringent regulations and high costs associated with workplace hazards is anticipated to drive market growth. Particularly, rising awareness and new rules and regulations in Asia Pacific are likely to fuel the market growth over the forecast period.

The increasing rate of fatalities at the workplace has imposed workers to use personal protective equipment to ensure the safety of the individuals. Furthermore, the increasing number of the blue-collar workforce across numerous R&D establishments and production factories is expected to fuel PPE demand over the forecast period.

Government regulations compel the use of protective equipment for workers in end-use industries such as oil and gas, mining, and construction. Work safety regulations play a major role in driving the personal protective equipment market. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive demand for personal protective equipment.

Companies such as DuPont and 3M are undertaking expansion strategies to strengthen their product portfolio and market share. In May 2022, 3M announced expanding production for personal protective equipment such as respiratory and hearing protection products. This expansion will allow 3M to increase investment to meet the unmatched demand for PPE.

Personal Protective Equipment Market Segmentation

Grand View Research has segmented the global personal protective equipment market based on product, end-use, and region:

Based on the Product, the market is segmented into Head Protection, Eye Protection, Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Protective Footwear, Fall Protection, Hand Protection, and Others.

Personal protective gloves are worn to protect hands from injuries from abrasions, cuts, burns, and reactions to chemicals. Health risks linked with hazardous chemicals, heavy-duty equipment, and handling hot objects are likely to facilitate demand for protective gloves in various industries such as construction, food processing, oil & gas, healthcare, and metal fabrication.
The head protection segment is expected to witness a CAGR of 7.6% during the forecast period due to rising fatalities in the workplace and high product demand. Growing awareness of workers’ safety and health in addition to rising industrial fatalities mainly in developing economies owing to lack of head protection is anticipated to steer the market growth over the forecast period.

Based on the End-use, the market is segmented into Construction, Manufacturing, Oil & Gas, Chemicals, Food, Pharmaceuticals, Healthcare, Transportation, Mining, and Others.

The construction industry is expected to expand at a CAGR of 8.1% over the forecast period. The construction industry is expected to grow at a steady rate owing to heightened construction activities. Private and public construction projects such as educational buildings, transportation, residential housing, etc. are likely to have a positive impact on the market growth over the forecast period.
Across the U.S. various efforts are underway to improve the resilience of the supply chain of PPE. Such strategies are broadly classified into three types: increasing domestic production, storage, and supply chain monitoring. Furthermore, the U.S. FDA has issued an enforcement mandate to increase the accessibility of PPE for healthcare workers. This is expected to fuel the growth of the healthcare personal protective equipment market in the coming years.

Key Companies & Market Share Insights

Key players actively focus on product innovation, joint ventures, mergers, and acquisitions. Innovations in design, materials, and manufacturing processes that increase the quality of the product, led to an increase in demand for PPE. For instance, in November 2022, healthcare company Vizient and SafeSource Direct, LLC entered into an agreement for chemo-rated nitrile gloves. The agreement allows Vizient to facilitate supply chain assurance for medical supplies including medical gloves.

Strict regulations and greater awareness of the significance of protecting people at work have boosted demand for some forms of PPE in recent years. In addition, rising management executive concerns toward employee health and safety coupled with rising COVID-19 cases led to an increase in demand for personal protective equipment. Some of the prominent players in the global personal protective equipment market include:

Honeywell International Inc.
Lakeland Industries Inc.
DuPont
3M
Ansell Ltd.
Avon Rubber plc
COFRA S.r.l.
FallTech
Alpha Pro Tech Limited
Mine Safety Appliances (MSA) Company
Lindstrom Group
Mallcom (India) Ltd.
Radians, Inc.
Polison Corp.
Delta Plus Group

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U.S. House Calls Market: Service Segment Is Expected To Witness The Highest Growth With A CAGR Of 6.04%

U.S. House Calls Industry Overview

The U.S. house calls market size is expected to reach USD 831.2 million by 2030 expanding at a CAGR of 5.62%, based on a new report by Grand View Research, Inc. Advanced healthcare technology and medical devices have enabled house call practices to provide continuous coordinated care to patients in a convenient location at affordable prices. Home visits have enabled physicians to make data-driven and informed decisions regarding the diagnosis and treatment of individual patients.

The adoption of house call services by patients not only provides them with optimum care at their home but also has other benefits. A provider of house calls, Heal, estimated that its house call services reduced hospitalization rate by 28% and unnecessary urgent care and emergency room visits by up to 71%, saving around USD 53.7 million annually.

The COVID-19 pandemic further boosted app-based house call services, as it was the only option during the pandemic restrictions and a safe one to avoiding avoid the risk of infection at the hospitals. These services are reducing hospitalization time for patients, and saving costs for them, especially for long-term chronic care.

The competition among market players is very high. Launch of new mobile apps to ease the process of requesting house calls, collaborating with other players to gain access to patient data, and acquisitions to increase market presence are leading to high competition in the market.

U.S. House Calls Market Segmentation

Grand View Research has segmented the U.S. house calls market based on service:

Based on the Service, the market is segmented into Primary Care, Urgent Care, Preventive Care, Mobile Clinical Testing, Chronic Care Management, and Others.

The service segment is categorized into primary care, urgent care, preventive care, mobile clinical testing, chronic care management, and others. In 2022, the primary care segment held the largest market share of 26.45% in terms of revenue and is expected to witness the highest growth with a CAGR of 6.04% during the forecast period.
Patients with chronic medical conditions – such as diabetes, Parkinson’s disease, Alzheimer’s disease, and Chronic Obstructive Pulmonary Disease (COPD) among others – require medical care regularly. Such people might not always be able to visit medical centers and may require frequent care which is leading to the high demand for house call services for chronic care management.

Key Companies & Market Share Insights

The U.S. house calls market is highly competitive. The top players are adopting various strategies, such as market expansion, mergers & acquisitions, and partnerships to strengthen their presence in the market. For Instance, in March 2021, Heal announced a partnership with Medley Pharmacy to help patients access critical prescriptions and medication without leaving home. Some of the prominent players in the U.S. house call market include:

SOS Doctors House Calls, Inc
Heal
Doctor on Demand, Inc
Resurgia Health Solutions LLC
MDLIVE, Inc
House Call Doctors Loss Angeles
Mount Sinai Visiting Doctors
Visiting Physician Association
Urgent Med Housecalls
House Call Doctors Medical Group

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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U.S. Active Adult (55+) Community Market Size, Share & Trends Analysis Report 2023 – 2030

U.S. Active Adult (55+) Community Industry Overview

The U.S. active adult (55+) community market size is estimated to reach USD 805.0 billion by 2030, expanding at a CAGR of 4.02% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing interest of older adults below 65 years of age in a maintenance-free lifestyle, structured activities, socialization, and a sense of community are the major factors driving the market. In addition, retirement not being in the eligibility criteria, and the variety of optional care and support services available at these facilities are the factors boosting the market growth.

An increasing population aged between 55 to 64 years is categorized as active adults seeking a social and friendly environment. According to the U.S. Census Bureau, baby boomers aged between 55 and 73 have brought both challenges and opportunities to the economy, infrastructure, and institutions. Active adult communities are quite similar to any other residential community, apart from their age restrictions, most of them are designed for a low maintenance lifestyle. These communities are mostly built near shopping malls, parks, restaurants, and other places for socializing, as the residents want to live a healthy lifestyle during their final years of retirement. The communities do not provide on-site dining facilities or healthcare services to the residents. The Homeowners Association (HOA) dues of these communities pay for assured communal amenities.

The COVID-19 pandemic resulted in senior living facilities becoming a hub for COVID-19 infections. This resulted in a fall in occupancy in adult community homes. The immediate impact was the drop in revenue of the adult community market, resulting in losses. According to the National Investment Center for Seniors Housing & Care’s MAPâ€¯Data, the occupancy at retirement centers hit a 16-year low in 2020 due to the pandemic. The pandemic has also resulted in a staffing crisis for the active adult living communities due to restrictions on the workforce and the non-availability of a quality workforce for the amenities, resulting in a challenge in providing the best services for restaurants, clubs, housekeeping, and others. In addition, many elder staff members retired due to the pandemic.

U.S. Active Adult (55+) Community Market Segmentation

Grand View Research has segmented the U.S. active adult (55+) community market based on gender.

Based on the Gender Insights, the market is segmented into Women, and Men.

The women segment dominated the U.S. active adult (55+) community market and accounted for the largest revenue share of 53.87% in 2022. The men’s segment is expected to emerge as the fastest-growing segment with a CAGR of 4.79% during the forecast period. The increasing life expectancy of men, postponement of disability to older ages, and an increased percentage of remaining life spent active are some of the major factors behind the fast growth of the men segment in the market for the active adult community.
According to the U.S. Census data, 14.4 men in the U.S. aged 65 and above account for 5% of the U.S. population. The rapidly aging population, increase in life expectancy in men, and improved financial planning for retirement among men compared to women in the U.S. are factors driving the men segment. According to The U.S. Census Bureau, 8 % of retired men faced poverty in 2020 compared to 10% of women.

Key Companies & Market Share Insights

The key players in the market are focused on providing the best homes along with top amenities & activities for residents. Providing access to healthcare services is the latest trend among active adult living communities. Latitude Margaritaville and The Villages provide healthcare services within the community. The communities are also focused on outdoor activities for residents for a better social environment for a healthy community. Expansion of facilities and partnerships are the preferred strategies adopted by top players, for instance, in December 2021, The Villages announced the expansion of its community by over 241 acres which were to include a new hospital. Some of the key players in the U.S. active adult (55+) community market include.

The Villages
Pultegroup, Inc.
Latitude Margaritaville
Hot Springs Village
Rossmoor Walnut Creek
Robson Ranch
Sun Lakes
Green Valley

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