Tag: investing

Latin America Factoring Services Market Witnesses Surge in Non-Recourse Factoring Use

The Latin America factoring services market was valued at USD 145.47 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2030. This growth is primarily driven by the increasing demand for alternative financing solutions among Micro, Small, and Medium-sized Enterprises (MSMEs), alongside advancements in blockchain technology and cryptocurrency.

The COVID-19 pandemic posed major challenges to the global economy, disrupting supply chains and impacting financial markets and businesses. In response, governments provided fiscal support to protect companies, while many nations sought innovative funding mechanisms to aid SMEs.

These supportive financing initiatives for SMEs are expected to yield positive results, fueling market growth in the coming years. More businesses are turning to factoring services over traditional asset-based loans, contributing to market expansion. Factoring offers several advantages over loans, such as faster approval times, lower interest rates, immediate cash access, and no collateral requirements. Leading market players are implementing strategies like partnering with regional firms to strengthen their presence, further boosting industry growth. For example, in June 2022, JPMorgan Chase & Co. partnered with OmniLatam (a Latin American fintech acquired by KLYM) to finance SMEs that supply large corporations across the region.

Category Insights

In 2022, the domestic factoring segment dominated the market, accounting for 90.6% of the total share. This growth is attributed to the rapid adoption of factoring receivables in key industries due to their efficiency. The rising adoption of electronic invoicing has further consolidated the domestic factoring market. Domestic factoring also enables businesses to receive regular analyses of their sales and payable invoices. This category includes various types such as full factoring, maturity factoring, advance factoring, undisclosed factoring, and invoice discounting. Many companies prioritize factoring services to meet the strong domestic demand for goods and services.

Type Insights

The non-recourse factoring segment held the largest market share of 57.7% in 2022 and is expected to continue expanding at the fastest CAGR through 2030. Non-recourse factoring is ideal for businesses with large customer bases that want to clear their balance sheets by removing accounts receivable. It is particularly popular among trucking companies seeking financial security to ensure payment for shipments. For instance, eCapital, a financial services firm that accelerates SMEs’ access to capital, offers fleet fuel cards for trucking businesses. These cards provide discounted fuel prices, real-time transaction monitoring, fuel tax reporting, and purchase controls, helping businesses manage expenses effectively.

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Financial Institution Insights

The banks segment captured the largest market share at 78.1% in 2022. This dominance is linked to the growing use of blockchain platforms, the surge in digital payment systems, and rising investments in distributed ledger technology. Banks play a critical role in trade finance by helping businesses convert receivables into cash, alleviating cash flow and working capital challenges using blockchain solutions. Additionally, blockchain’s application in cross-border transactions, clearing and settlement, digital identity verification, and credit reporting is expected to drive its adoption across both public and private banks.

End-use Insights

The manufacturing sector led the market in 2022, contributing 31.5% of total revenue. Manufacturers use factoring services to convert their receivables into immediate cash for operating expenses. Instead of opting for high-interest loans, manufacturers prefer invoice factoring for quick cash access without lengthy documentation. Companies facing urgent cash needs or those unable to secure traditional or series funding turn to factoring to maintain operating capital and improve cash flow for streamlined production. Meanwhile, the healthcare sector is forecast to record the fastest growth during the projection period.

Country Insights

Brazil accounted for the largest market share at 31.8% in 2022. The Brazilian government’s regulatory focus on digitalization is facilitating the shift from traditional to digital factoring services. For example, in February 2021, Brazil implemented new regulations for NF-e invoices, including a provision that factoring-related invoices can no longer be canceled. These government efforts are expected to support the country’s market growth over the forecast period.

Peru is poised to witness the fastest CAGR during the forecast period. The country has been proactive in advancing factoring services, notably by digitalizing electronic invoice factoring in January 2022. Peru’s tax authority, SUNAT, passed Decreto de Urgencia N° 013-2020, enabling linking of invoices to factoring transactions. This initiative allows businesses to access cash to maintain operations, promote SME growth, and foster formal employment—factors contributing to the anticipated market expansion.

Key Market Players

Prominent companies operating in the Latin America factoring services market include:

  • Accion International
  • Barclays Plc
  • BNP Paribas
  • BTG Pactual
  • Deutsche Factoring Bank
  • FINAMCO
  • Hitachi Capital (UK) PLC
  • HSBC Group
  • Mizuho Financial Group, Inc.
  • SMB
  • TRADEWIND GmbH

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U.S. Steel Rebar Market Benefits from Advancements in Reinforcement Technology

The U.S. steel rebar market was valued at USD 6.50 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2030. This growth is primarily driven by increased investments in residential development projects across the U.S.

The rising demand for affordable housing has prompted state and local governments to allocate more funds for affordable housing initiatives. For example, in October 2024, the U.S. Department of the Treasury announced USD 246.4 million in funding for the development of affordable housing and community infrastructure aimed at low-income communities and families.

Pricing Trends
Steel rebar prices in the U.S. have experienced notable fluctuations in recent years, influenced by supply chain disruptions, raw material prices, and global demand. In 2021, prices soared to approximately USD 1,000 per ton due to pandemic-related shortages and an uptick in construction activity, a significant jump from the pre-pandemic price of around USD 600 per ton. By mid-2023, prices began to stabilize at around USD 800 per ton, though still above historical norms. The volatility in scrap metal prices, a critical input for rebar, continues to affect market pricing.

Application Insights
The growth of public construction is expected to further drive market expansion during the forecast period. For instance, the value of public construction in the U.S. reached USD 489,772 million in August 2024, up from USD 454,126 million in August 2023, marking a year-on-year increase of 7.8%.

The infrastructure segment is anticipated to witness the fastest revenue growth, with a projected CAGR of 5.6% over the forecast period. Increasing investments by state governments in infrastructure development are expected to propel steel rebar consumption.

The Infrastructure Investment and Jobs Act (IIJA) is also contributing to higher rebar demand, with $110 billion allocated for roads and bridges. Projects such as the Interstate Bridge Replacement and the repair of aging highways are driving the need for steel rebar. Furthermore, new innovations in high-strength and corrosion-resistant rebar are being used in coastal and high-moisture areas, where traditional materials would deteriorate faster, extending the lifespan of infrastructure.

The industrial segment is another important application for steel rebar, particularly in the construction of industrial facilities like processing plants, mining structures, factories, and warehouses. Increased investment in new industrial facilities is expected to boost demand for rebar in the coming years.

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Regional Insights
Northeast U.S. Steel Rebar Market Trends
In the Northeast U.S., the demand for steel rebar is primarily driven by urban infrastructure needs, especially in high-density areas such as New York City and Boston. Ongoing investments in bridge repairs and subway expansions have made this region responsible for approximately 17.7% of the nation’s rebar consumption by volume in 2024. The demand for corrosion-resistant rebar is especially high due to the coastal environment, which accelerates wear in traditional steel applications.

Key U.S. Steel Rebar Company Insights
Prominent companies operating in the U.S. steel rebar market include CMC Steel, Nucor, and Steel Dynamics, Inc.

  • Commercial Metals Company (CMC) is a leading manufacturer and recycler of steel and metal products, headquartered in Irving, Texas. It operates a network of mini-mills, fabrication facilities, and recycling centers across the U.S. and Europe, specializing in rebar, steel wire, and other long steel products.
  • Steel Dynamics, Inc. (SDI) is one of the largest steel manufacturers and metal recyclers in the U.S., with operations in flat-rolled steel, structural steel, and rebar production. SDI is known for its innovative steelmaking processes and integrating recycling into its operations.

Key U.S. Steel Rebar Companies:

  • Acerinox S.A
  • ArcelorMittal
  • CMC Steel
  • EVRAZ U.S., Inc.
  • Gerdau S.A
  • Liberty Steel USA
  • Nucor
  • Outokumpu
  • Schnitzer Steel Industries, Inc.
  • Steel Dynamics, Inc.

Gather more insights about the market drivers, restrains and growth of the U.S. Steel Rebar Market

Disposable Gloves Market Fueled by Rising Demand in Pharmaceuticals and Laboratories

The global disposable gloves market was valued at USD 12.71 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2030. Growth in the global disposable gloves industry is anticipated due to multiple factors, including supportive occupational safety regulations, heightened focus on workplace safety, and increased healthcare spending. Developing economies are projected to see significant growth in their healthcare sectors, driven by rising investments in both public and private domains, growing populations, an influx of migrants, and an expanding elderly demographic. Additionally, increased healthcare expenditure is expected to propel the growth of the healthcare industry, consequently boosting the demand for disposable gloves.

Market growth is further supported by the presence of advanced healthcare infrastructure, greater disposable income among patients, and a notable elderly population. Industries such as healthcare, medical, and mining expose workers to hazardous chemicals, which can lead to skin conditions, rashes, cuts, amputations, and contact with bloodborne pathogens. The enforcement of stringent safety regulations is likely to play a key role in expanding market demand.

There is a rising emphasis on the quality of raw materials used in disposable gloves, focusing on attributes such as heat resistance, comfort, elasticity, and lightweight design. This awareness is expected to drive innovation and research efforts among key market players, aiming to improve glove performance and broaden their applications through enhanced product design.

Regional Overview
North America led the global disposable gloves market, accounting for 36.7% of the global share in 2024. This dominance is attributed to increasing hygiene awareness, particularly in healthcare environments in the wake of the COVID-19 pandemic. Additionally, growing demand from the food and manufacturing sectors, coupled with government-mandated personal protective equipment (PPE) requirements, has supported regional market expansion. The preference for high-quality nitrile gloves—known for their strength and chemical resistance—continues to grow in North America. Manufacturers are also ramping up local production to mitigate supply chain disruptions.

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Leading Companies in the Disposable Gloves Industry
Prominent players in the disposable gloves market include Top Glove Corporation Bhd, Hartalega Holdings Berhad, Ansell Ltd, and Kossan Rubber Industries Bhd.

  • Top Glove is a global leader in rubber glove manufacturing, offering latex, nitrile, and vinyl gloves across healthcare, food, and industrial sectors.
  • Hartalega focuses on nitrile glove production and is known for its commitment to innovation and advanced technology, serving both healthcare and laboratory environments.
  • Supermax Corporation Berhad, Kossan Rubber Industries Bhd, and Kimberly-Clark Corporation are also notable participants in the evolving market.
    • Kossan Rubber Industries, based in Malaysia, manufactures a range of rubber products, including gloves for medical and non-medical use, emphasizing quality and innovation.
    • Kimberly-Clark, a multinational company based in the U.S., offers a variety of disposable gloves under its healthcare and industrial brands.

Key Disposable Gloves Companies:
These leading companies shape the direction of the market and hold significant market shares:

  • Ansell Ltd
  • Top Glove Corporation Bhd
  • Hartalega Holdings Berhad
  • Supermax Corporation Berhad
  • Kossan Rubber Industries Bhd
  • Ammex Corporation
  • Kimberly-Clark Corporation
  • Sempermed USA, Inc
  • MCR Safety

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Iron and Steel Market Strengthens with Increased Production Capacity and Exports

The global iron and steel market was valued at USD 1,676.24 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 3.8% between 2023 and 2030. The anticipated growth is primarily driven by increasing investments in residential construction. Iron and steel products offer a high strength-to-weight ratio, enabling them to withstand substantial loads and resist compression, tension, and bending forces. These attributes make them particularly suitable for supporting tall structures and efficiently distributing weight to the foundation. Additionally, these materials exhibit excellent durability and resistance to corrosion, weather effects, and pests, contributing to the long-term structural integrity of buildings and reducing ongoing maintenance costs—making them a preferred option in the construction sector.

In North America, the United States stands out as a major consumer of iron and steel, owing to heightened demand from key sectors such as construction, infrastructure, automotive, transportation, heavy machinery, and consumer goods. As per the U.S. Census Bureau, total construction expenditure in the country for the first five months of 2023 reached USD 740.8 billion, marking an increase of approximately 2.9% compared to the same period in 2022.

Government initiatives are also anticipated to stimulate demand for domestic iron and steel products. For example, in April 2022, the U.S. government mandated that all iron and steel used in federally funded infrastructure projects under the Job’s Act must be domestically produced. This regulation requires all stages of production, including melting and coating, to be conducted within the United States.

Additionally, increasing demand for heavy machinery is expected to further support product consumption throughout the forecast period. For instance, in May 2023, new orders for manufactured durable goods rose by 1.7%, with transportation equipment orders seeing a 3.9% increase compared to April 2023.

The ongoing Russia-Ukraine conflict has had a negative impact on the iron and steel industry, resulting in significant price hikes. According to the United Nations Conference on Trade and Development, the disruption in the supply of oil, gas, and coking coal from Russia has contributed to a notable rise in global energy prices, which in turn has led to a reduction in the consumption of various iron and steel products across multiple end-use industries.

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Regional Insights
In 2022, the Asia Pacific region accounted for more than 59.0% of the global iron and steel market’s revenue. This dominance is attributed to rising investments in the residential and commercial construction sectors in emerging economies such as China and India. For example, TARC Limited announced a planned investment of INR 250 crore (USD 30.23 million) in 2022 to develop a luxury residential project in New Delhi, India.

North America is expected to post a revenue CAGR of 4.2% during the forecast period. Growing investments in electric vehicle production are projected to boost the demand for iron powder, electric steel, and other related components in the coming years.

Key Companies & Market Share Insights
The market is composed of numerous players, both large and small, operating globally. Many of these companies are pursuing expansion through strategic acquisitions and capacity enhancements. For example, in January 2022, Steel Dynamics acquired a 45% equity interest in New Process Steel. This move is expected to broaden Steel Dynamics’ involvement in value-added manufacturing opportunities. Leading companies in the global iron and steel market include:

  • Arcelor Mittal S.A.
  • China BaoWu Steel Group Corporation Limited
  • Nippon Steel Corporation
  • HBIS Group
  • Jiangsu Shagang Group
  • POSCO HOLDINGS INC.
  • Tata Steel Limited
  • JFE Steel Corporation
  • Shougang Group

Gather more insights about the market drivers, restrains and growth of the Iron And Steel Market

Solar PV Market Driven by Declining Costs of Solar Panels and Installation

The global solar PV market size is expected to reach 604.83 billion by 2030, expanding at a CAGR of 10.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for sustainable energy resources coupled with favorable regulatory policies is expected to drive the market growth over the forecast period.

Supportive regulations involving federal subsidy and incentives expected to be the prime factors impacting the industry growth on a positive note. Europe has been a major market for solar PV owing to the early adoption of the technology in the region owing to high consumer awareness and positive government outlook in the region.

Increasing demand for renewable energy sources owing to rising consumer awareness towards cost benefits associated with the technology is expected to propel growth. Furthermore, depleting fossil fuel resources coupled with the growing demand for durable energy sources is expected to have a positive impact on industry growth.

The technology offers low conversion efficiencies as compared to conventional energy sources including oil and biomass. Furthermore, the solar PV performance gets affected by various factors including the type of raw material used for solar cell manufacturing, availability of sunlight, and solar PV designs which is expected to hamper its growth over the forecast period.

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Solar PV Market Report Highlights

  • On-grid connectivity dominated the market with a revenue share of 73.5% in 2023 and The off-grid segment is expected to register the fastest CAGR over the forecast period
  • The segment, ground mounted solar PVs held the largest market share in 2023 and Meanwhile, the rooftop segment is anticipated to witness the fastest growth from 2024 to 2030
  • Asia Pacific accounted for 63.1% of the total market share in 2023, on account of the favorable government regulations and initiatives taken by the government to install clean energy resources in order to curb the prevailing issue of pollution
  • The major players in the market are investing in R&D activities in order to come up with efficient and high-performance systems in order to tap the rising consumer attention and to compete with the alternative energy resources

Key Solar PV Company Insights

Some key companies involved in the solar PV market include Jinko Solar, Hanwha Group, and RENESOLA, among others.

  • Jinko Solar is a Chinese solar PV module manufacturing company headquartered in Shanghai. The company is among the leading global solar energy solution providers, specializing in designing, developing, and manufacturing high-efficiency solar photovoltaic (PV) products and energy storage systems (ESS). The company’s product offering includes a wide range of solar modules, including monocrystalline, polycrystalline, and bifacial modules, with varying power outputs and efficiency rates. Jinko Solar’s product portfolio also includes solar cells, solar inverters, and mounting systems, catering to the diverse needs of residential, commercial, and utility-scale solar energy projects. The Tiger Neo series is the company’s latest solar PV module offering, offering enhanced efficiency and 30 years of liner power warranty.
  • Hanwha Group is a South Korean business conglomerate headquartered in Seoul. The company offers products and services in various industries, such as aerospace, mechatronics, clean energy, materials, retail, finance, and lifestyle services. Through its subsidiary Hanwha Energy Corporation, the company has developed major solar energy projects worldwide, such as Oberon 1A (the U.S.), Laguna (Mexico), Kitsuki (Japan), and Cam Lam (Vietnam). In addition, the Qcells division of the company has established itself as a prominent player in the development of solar PV cells, modules, and energy storage solutions (ESS).

List of Key Players of Solar PV Market

  • RENESOLA
  • KYOCERA Corporation
  • Hanwha Group
  • REC Solar, Inc.
  • Jinko Solar
  • JA SOLAR Technology Co.,Ltd.
  • First Solar
  • Wuxi Suntech Power Co., Ltd.
  • Canadian Solar
  • Trinasolar
  • SHARP CORPORATION
  • SunPower Corporation
  • Yingli Solar

Gather more insights about the market drivers, restrains and growth of the Global Solar PV Market

Synbiotic Product Market Impact of Digital Marketing on Consumer Engagement

The global synbiotic product market size is anticipated to reach USD 1.68 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 8.3% from 2025 to 2030. Increasing consumption of functional food and beverages around the world is the main factor expected to boost the demand for synbiotic products over the forecast period. In addition, rise in the consumption of probiotics and prebiotics owing to widespread awareness regarding health benefits in India, China, and Japan is expected to provide growth opportunity for the market in the near future.

Growing trend of fortifying functional food and beverages with prebiotics and probiotic ingredients to enhance nutritional content and product offerings will open new avenues for the market in coming years. For instance, in February 2020, Asmara, a Singapore brand owned by F&B consultancy company NU3x, will launch six functional powders containing synbiotics by the end of March, 2020. The products are designed to enhance immunity, cognitive health, energy, and vitality. Major vendors are adopting merger & acquisition strategies to enhance product offerings. For instance, in November 2019, Synbiotic Health entered into a licensing agreement with NUtech Ventures, the nonprofit technology commercialization affiliate of the University of Nebraska, to develop innovative synergistic synbiotics.

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Functional food and beverage emerged as the largest product segment with a share of 84.1% in 2019. Growing awareness among consumers regarding associated benefits of fortified functional food and beverages for the enhancement of gut health is projected to be a key factor for the segment growth. Additionally, increasing application of fortified food and beverages to improve immunity, cardiovascular health, and cognitive health is expected to provide growth opportunity for the segment over the forecast period. Dietary supplement is expected to witness the fastest growth over the forecast period. Increasing number of health conscious consumers is expected to support the growth of dietary supplements in coming years.

The offline segment held a leading market share in 2019. High availability at supermarket and hypermarket and pharmacy stores is the main factor expected to favor the sales of synbiotic products through the offline channel in coming years. While the popularity of online sales channel is steadily growing, around 83% of consumers prefer the offline channel as it provides the leverage of feel, touch, and taste, thus driving the sales of synbiotic products through offline channel.

Europe emerged as the largest regional market with a share of 37% in 2019. This is attributed to high awareness regarding health benefits, coupled with the availability of synbiotic products. Asia Pacific is expected to expand at the fastest CAGR of 9.5% from 2020 to 2027. Growing middle class population and rapid urbanization, along with growing awareness regarding health benefits of synbiotics, are the major factors expected to drive the regional market over the forecast period. Shifting consumer inclination towards functional food and beverages on account of rising incidence of cardiovascular disorders and surge in the number of weight management programs is expected to propel the demand for synbiotic products in coming years.

Synbiotic Product Market Report Highlights

  • Based on product, functional food & beverages dominated the market with the largest revenue share of 83.4% in 2024. Increasing fortification of food and beverages to enhance nutritional value is the main factor propelling the segment growth.
  • Online channel is expected to grow at the fastest CAGR over the forecast period. This is attributed to increasing consumer preferences for e-commerce and dependence of generation X, millennials, and generation Z parents on internet.
  • Europe dominated the synbiotic products market with a share of exceeding 35.1% in 2024 due to increasing consumption of functional food and beverages, along with growing awareness regarding health benefits of prebiotics and probiotics among the consumers.
  • Asia Pacific is expected to expand at the fastest CAGR of 9.5% over the forecast period on account of rising consumption of functional drinks in countries, like Japan, China, India, and New Zealand.

List of Key Players in the Synbiotic Product Market

  • Daflorn Ltd
  • Sabinsa
  • Danone
  • Yakult Honsha Co. Ltd
  • Probiotical S.p.A
  • United Naturals
  • Pfizer Inc.
  • Synbiotic Health
  • NUtech Ventures
  • Asmara (NU3x)

Gather more insights about the market drivers, restrains and growth of the Global Synbiotic Product Market

Malonic Acid Market Focuses on Regulatory Compliance and Safety Standards

The global malonic acid market size is expected to reach USD 136.2 million by 2030, expanding at a CAGR of 2.9% during the forecast period, as per the new report by Grand View Research, Inc. The market has experienced growth in response to the burgeoning demands of the pharmaceuticals and food and beverage industries.

The rise in population and changing consumer preferences have contributed to an increase in the demand for food additives and pharmaceuticals, thereby raising the demand for malonic acid. Moreover, the newfound awareness regarding the potential advantages of employing plant growth regulators in agriculture has also fueled the need for malonic acid.

Additionally, it is anticipated that the growing number of fire safety standards and regulations developed around the world will fuel market growth. However, growing health and safety concerns, rising pricing for flame retardant products, and rising concerns about hazardous substances are limiting the growth.

Malonic acid has become a vital element in the creation of biodegradable plastic. This latest trend is a result of the growing concern surrounding the use of non-biodegradable plastics and their negative impact on the environment. This shift towards biodegradable plastics is expected to drive up the need for Malonic acid as it serves as a fundamental component in their creation. Projections suggest that the demand for eco-friendly and sustainable plastics will continue to rise, resulting in a surge in product demand.

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

Malonic Acid Market Report Highlights

  • North America is expected to witness the fastest CAGR of 3.4% from 2023 to 2030, due to rising demand for pharmaceuticals, food additives, and cosmetics industry in North America
  • Pharmaceutical segment is expected to register the fastest CAGR of 3.8% from 2023 to 2030. Because in the pharmaceutical industry, it is utilized as a precursor in the creation process of drugs such as barbiturates, non-steroidal anti-inflammatory drugs (NSAIDs), and vitamin B1
  • In 2022, the flavor enhancer segment was the largest application segment, due to the rising demand for flavor enhancers in the food and beverage industry
  • Prominent global companies are implementing capacity expansions, establishing partnership agreements with distributors, and executing diverse operational strategies to gain a competitive edge in the market
  • Nacalai Tesque, Inc. are procuring well-known distributors worldwide based on their market reach and presence, augmenting their product placement, and ultimately, broadening their market share within a specific region

Key Companies & Market Share Insights

International corporations are actively pursuing capacity expansions, collaborating with distributors in partner agreements, research & development, and pursuing other effective operational strategies to enhance their competitive edge in the market. For instance,Lygos Inc. made a public announcement in November 2022, detailing their research and development collaborative efforts with Ginkgo Bioworks. The two companies intend to undertake research in two specific programs for around two years, to develop biodegradable formulations and specific products constructed from polymers. Most of the key industry players are integrated across the value chain posing entry barriers for new market players.

List of Key Players in the Malonic Acid Market

  • Lonza Group
  • Wuhan Kemi-Works Chemical Co., Ltd.
  • Shanghai Nanxiang Reagent Co., Ltd.
  • Columbus Chemical Industries, Inc.
  • TATEYAMA KASEI co., Ltd
  • Trace Zero LLC
  • Medical Chem (Yancheng) Manuf.Co., Ltd.
  • J&K Scientific Ltd.
  • Lagos
  • Hefei TNJ Chemical Industry Co., Ltd.

Gather more insights about the market drivers, restrains and growth of the Global Malonic Acid Market

Heart Pump Devices Market Highlights Role of Telemedicine in Monitoring

The global heart pump device market size is expected to reach USD 6.44 billion by 2030, expanding at 13.5% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing prevalence of coronary artery disease, ischemic heart disease, and other CVD diseases is anticipated to boost the demand for heart pump devices. For instance, according to data published by British Heart Foundation, in 2022, about 7.6 million individuals in the UK live with heart disease, and each year, around 160,000 people die from CVD and other heart-related conditions in the UK. Moreover, according to WHO data in 2020, coronary heart disease caused 163,905 deaths in Japan, with 121,823 or 11.03% of total deaths were caused due to stroke.

Furthermore, the market is anticipated to grow by increasing support and awareness initiatives for disease awareness. For instance, in January 2022, The School of Medical Research and Technology at IIT Kanpur launched Hridyantra, a challenge-based program. Its objective is to create an advanced artificial heart called a Left Ventricular Assist Device (LVAD) for patients with end-stage heart failure (HF). Hridyantra aims to improve the available treatment options for HF patients. This program is expected to significantly improve the treatment options available for patients with HF, thereby driving market growth.

Order a free sample PDF of the Heart Pump Device Market Intelligence Study, published by Grand View Research.

Heart Pump Device Market Report Highlights

  • Based on type, the implanted heart pump devices segment accounted for the largest revenue share of 68.3% of the market in 2023, due to their ability to assist with pumping blood and serve as a bridge to transplantation or a permanent therapy option for HF patients.
  • Based on product, the ventricular assist devices (VADs) segment accounted for the largest market share in 2023. It is estimated to register the fastest CAGR of 14.8% during the forecast period; owing to the increasing prevalence of HF worldwide, the demand for VADs is anticipated to grow rapidly over the forecast period.
  • Based on end-use, the hospitals segment accounted for the largest revenue share of over 81.4% in 2023, attributed to the high number of surgeries performed in hospitals.
  • North America is expected to dominate the market with over 52.7% revenue share in 2023 due to the high prevalence of heart failure, growing aging population, and robust healthcare system.

Key Heart Pump Device Company Insights

Leading companies in the heart pump devices market are enhancing their offerings and incorporating new technologies to expand their customer reach, secure a greater market share, and diversify their application range. For example, Evaheart, Inc. launched a Lunch-and-Learn program for the Penn State staff in Hershey, Pennsylvania involved in the competence clinical trial. This program facilitates staff to seek clarifications and discuss the prospects of the EVA2 LVAD

List of Key Players in the Heart Pump Devices Market

  • Abbott
  • ABIMOD (Johnson & Johnson Services, Inc.)
  • Getinge AB.
  • LivaNova PLC
  • Berlin Heart
  • Picard Medical, Inc. (SynCardia Systems, LLC)
  • Jarvik Heart
  • BiVACOR Inc.
  • Leviticus Cardio
  • Teleflex Incorporated.

Gather more insights about the market drivers, restrains and growth of the Global Heart Pump Device Market

Gym Bag Market Research Reveals Key Growth Opportunities

The global gym bag market size is expected to reach USD 2.56 billion in 2030 and is projected to grow at a CAGR of 8.1% from 2024 to 2030. The growth in the market is driven by increasing consumer consciousness regarding fitness and the availability of various products and accessories to suit individual needs. Moreover, rapid growth of the fitness and wellness sector in Asia and South America, along with rise in sales of health and fitness equipment, accessories, and products used in the industry and increasing presence of health clubs and fitness centers in these regions are contributing to the growth of this market.

The market is also driven by increasing purchasing power of consumers in developing countries in recent years, which has propelled product demand. Growth of the middle-income population group in these countries has resulted in higher disposable income in recent years. This has enabled them to opt for on-trend, fashionable, and premium products in the health and fitness sector. Surge in new product launches and the impact of ecommerce are other key factors driving the global market. Leading manufacturers are looking to cater to varying consumer requirements when it comes to a gym bag. These are then being made available across a host of online and offline distribution channels.

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

Increasing number of people turning to healthier lifestyles has also inspired several multinational companies to encourage their employees to take up health and fitness club memberships, a trend that is likely to give the market a boost. Gym bags that are compatible with various smart and connected devices is a lucrative opportunity for players in the market.

Gym Bag Market Report Highlights

  • In terms of revenue, Duffle gym bags segment dominated the global industry and accounted for largest revenue of 71.2% in 2023
  • Offline distribution segment dominated the global industry in 2023. Varied products sold at supermarkets, hypermarkets, specialty stores, and others play a critical role in driving this segment
  • A growing health and fitness industry, fueled by increasing awareness regarding fitness and well-being among consumers, is expected to propel the market
  • With increasing disposable income in India, South Korea, China, and Japan, these markets offer lucrative opportunities for growth in Asia Pacific
  • The industry is highly competitive in nature with the main players being JensenLee; Everlast Worldwide, Inc.; Chateau Manufacturing; Harissons; Nike, Inc.; ToteBagFactory; Herschel Supply Co. USA; and Adidas AG
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments

Key Gym Bag Company Insights

Some of the prominent players in the gym bag market include Herschel Supply Company, ToteBagFactory, EVERLAST WORLDWIDE INC., Under Armour, Dakine and others. To address the growing competition in the industry, key companies are adopting strategies such as innovation, inclusion of organic materials, adopting sustainability practices, effective distribution and offering newly developed products backed by consumer data insights and enhanced research.

  • EVERLAST WORLDWIDE INC., a global company with presence over 100 countries, offers premium range boxing equipment, apparel, footwear and accessories. Some of its related offerings include 1910 gym bag, contender duffle bag, boxing gym bags and others.
  • Herschel Supply Company, one of the prominent companies in bags, travel accessories, apparel and kidswear industry, offers vast product portfolio including backpacks, duffel bags, totes, hip packs, crossbodies, insulated bags, hadshell luggage, trolley sleeve bags, travel accessories, tech sleeves, pouches and more.

List of Key Players in Gym Bag Market

  • JensenLee
  • EVERLAST WORLDWIDE INC.
  • Nike, Inc.
  • ToteBagFactory
  • Herschel Supply Company
  • Adidas AG
  • Under Armour
  • The North Face
  • DaKine (MARQUEE BRANDS)

Gather more insights about the market drivers, restrains and growth of the Global Gym Bag Market

Gluten-Free Pizza Crust Market Embraces Technological Advancements

The global gluten-free pizza crust market size is expected to reach USD 4.00 billion by 2030, registering a CAGR of 7.24% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years.

Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North America and Europe.

North America held the largest share and generated a revenue of 868.80 million in 2023. The growth of market is attributed to rising awareness among consumers related to the benefits of having no gluten in the pizza crust products. Many innovative and new flavor products are launched, which may lead to the market growth.

Order a free sample PDF of the Gluten-free Pizza Crust Market Intelligence Study, published by Grand View Research.

For instance, in 2018,Schwan’s Consumer Brands, Inc. launched two new and innovative flavors of Freschetta Gluten Free Pizza during an awareness program related to celiac diseases. Tuscan style chicken and spinach and roasted mushroom ae the tow new flavors that make people not to change their taste due to different health conditions. This Freschetta Gluten-free Crust has been certified by the National Celiac Association for providing unique flavors, while considering health of people.

Asia Pacific is the fastest growing region, expanding at a CAGR of 7.9% during the forecast period. India has over half of the population that is beneath the age of 30 and is known to have the most significant young generation, thereafter China, Indonesia, and U.S. Young population may be the reason for the growth of the market during the forecast period.

Gluten-free Pizza Crust Market Report Highlights

  • By product, the conventional segment held more than 66.7% share of overall revenue in 2023. The organic segment is anticipated to ascend at a CAGR of 7.6% over the forecast period.
  • Based on end use, the retail segment accounted for a share of 38.6% in 2023 and is projected to exhibit high growth in the next few years.
  • S. emerged as the biggest consumer of gluten-free pizza crust in 2023 and is expected to witness significant growth over the forecast period.
  • North America dominated the global market in 2023, accounting for 32.4% share of the global revenue. This trend is projected to continue over the next few years.
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

List Of Key Players Gluten-free Pizza Crust Market

  • Udi’s Gluten Free (Conagra, Inc.)
  • Conagra Brands, Inc.
  • RICH PRODUCTS CORPORATION
  • Gillian’s Foods
  • Kinnikinnick Foods & Kinnikinnick Fresh Bakery
  • Rizzuto Foods (RICH PRODUCTS CORPORATION)
  • Vicolo Wholesale
  • Mama Jim’s Pizza, Inc.

Gather more insights about the market drivers, restrains and growth of the Global Gluten-free Pizza Crust Market

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