Smart Mattress Market Size Worth $2.1 Billion By 2025

According to a recent report published by Grand View Research Inc., the rise in popularity of smart homes, availability of high-speed internet and rising concerns driven by sleep disorders is expected to drive the market growth for smart mattresses.

According to a report, “Smart Mattress Market Size, Share & Trends Analysis Report By Product (Innerspring, Latex, Memory Foam), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 – 2025”, the global market size is expected to reach USD 2.1 billion by 2025, registering a CAGR of 10.6%. Growth in millennial population, spending on SMART products, and availability of technology backed products are likely to impel the market growth in the forecast period.

Smart mattresses are designed to augment the amount of quality sleep and empower human health with good sleeping habits. A smart mattresses is highly equipped with digital technology that tracks and sends data about the amount of sleep a person is getting. Commercially, the growing penetration of smartphone devices and easy availability of internet, empowers, connected device technology is likely to encourage a huge market development. Also, there are various features and benefits associated upon using the smart mattress. For instance, innersprings accounted for a significant share in the past few years. On this backdrop, Eight Sleep offers three models of smart beds: Saturn, Jupiter, and Mars designed with multiple foam layers.

Additionally, the growing concerns for back problems in the young population driven by incorrect sleeping postures are some of the key factors boosting the market growth. Also, continuous evolution in technology and high consumer awareness are adding to the market growth in the forecast period.

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https://www.grandviewresearch.com/industry-analysis/smart-mattresses-market

Smart Mattress Market Report Highlights

North America held the largest smart mattress market share in the previous years and is expected to continue dominating in terms of revenue share. It is also driven by the presence of key players.
Innerspring accounted for a significant share of the total revenue in 2019, and is projected to exhibit a significant increase in the next few years. High demand and popularity of the product are some of the major growth factors.
The key players are constantly adopting R&D approach and investing heavily in the R&D initiatives to offer smart solution to overcome sleep disorders such as insomnia and sleep apnea
Availability of internet technologies and connected devices are likely to encourage the market growth in the coming years.

Dry-cleaning & Laundry Services Market Worth $79.91 Billion By 2027

The global dry-cleaning & laundry services market size is anticipated to reach USD 79.91 billion by 2027, expanding at a CAGR of 3.4% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding cleanliness and personal hygiene amongst the consumers is expected to escalate the growth of market in coming years.

Dry-cleaning and laundry services provide the convenience required by the customers at an economical amount. Rapidly evolving city lifestyle appears to be a crucial factor driving the demand for such services. Working population living in the city have a busy lifestyle and they find fewer time to run their household chores. As this population consider doing laundry as a hectic and time-consuming task, they prefer opting for various laundry services. Moreover, women who are working full time to support their family are hardly getting enough time to do their laundry. They are increasingly considering dry-cleaning and laundry services as their prime option for cleaning their clothes. These factors are expected to drive the demand for these services during the forecast period.

In addition, increasing professional workers who wear business clothes, such as suits and jackets, can’t be washed with traditional process and require professional cleaning to maintain their quality and lifespan. This factor is driving demand for dry-cleaning services, which is further expected to fuel the growth of market during the forecast period.

The laundry segment accounted for more than half of the share in the market in 2019. Consumers’ inclination towards casual clothing, thus reducing the need for dry cleaning, is driving this segment. Moreover, frequency of washing casual or everyday clothes is higher than duvet and dry cleaning. Hence, laundry service is projected to expand at the highest CAGR over the forecast period.

Asia Pacific led the market in 2019 and will continue to enjoy its leading position during the forecast period. Growing working population, coupled with increasing spending on dry-cleaning and laundry services, is expected to propel the growth of dry-cleaning and laundry services market during the forecast period.

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https://www.grandviewresearch.com/industry-analysis/dry-cleaning-laundry-services-market

Further key findings from the report suggest:

Laundry services are projected to expand at the fastest CAGR of 3.8% over the forecast period owing to consumers’ inclination towards casual clothing, hence limiting the need for dry-cleaning services for formal business clothes and other specialty clothes
The residential application segment is projected to register the highest CAGR of 3.7% over the forecast period due to increasing number of working households demanding dry-cleaning and laundry services at economical value
Some of the key players operating in the global market are Alliance Laundry Systems LLC; The Huntington Company; ZIPS Dry Cleaners; Alsco Pty Limited; and Rinse, Inc.

Car Wash Services Market Worth $41.1 Billion By 2025

The global car wash service market size is expected to reach USD 41.1 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.2% CAGR over the forecast period. The growing trend of vehicle maintenance in order to boost its resale value is expected to boost the demand for car wash services in the coming years. Harmful chemicals that accumulate on the vehicle over time can cause the metal to corrode. These deposits are difficult to remove by merely cleaning with a sponge or brush. Moreover, these household cleaning products could result in scratches on the surface of the vehicle, further damaging the vehicle’s exterior. As a result, consumers prefer and trust professional car wash services. In addition, the hassle of self-cleaning is avoided thanks to such amenities.

As per the International Carwash Association (ICA), there has been a steady decline in home vehicle washes in the past 18 years. In 1996, 47.6% of consumers preferred washing their vehicles at home, whereas in 2014, only 28.4% of consumers opted for the same. This significant shift is owing to benefits such as speed, convenience, and efficiency offered by professional car wash operators. Growing consumer discretionary spending in certain countries is also expected to support market growth. Increasing awareness regarding wastage of water by washing vehicles at home is giving the market a major boost.

However, strict government regulations regarding water usage in professional vehicle washing services act as a restraint for market growth. For instance, in California, car wash services are required to reuse 50% of the water used during a car wash. To adhere to this requirement, operators are compelled to use zero-degree nozzles, which results in an added cost of investment and lower profit margins. Nevertheless, some operators see this as an opportunity to go green and are turning to waterless cleaning practices. Self-service vehicle washing is highly popular among consumers who prefer to wash their vehicles by themselves. Flexibility on the usage of foam, water, brush, and other equipment for car wash and payment only for the amenities they use are some of the factors behind the rising popularity of this service.

The market in the Middle East and Africa is estimated to witness steady growth over the forecast period owing to the increasing number of cars and improving economic conditions in numerous countries in the region. With a ban on washing vehicles in public spaces in several countries in the region, there is more scope for professional car washes. The scarcity of water in the region has also compelled operators to introduce innovative eco-efficient car wash techniques.

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https://www.grandviewresearch.com/industry-analysis/car-wash-service-market

Further key findings from the report suggest:

The self-service segment accounted for the second-largest market share in 2018 and will also register steady growth over the forecast period. Flexibility on the usage of cleaning supplies and payment only for the amenities used are some of the factors driving the popularity of this service
The roll-over/in-bay segment held the largest revenue share in the market in 2018 thanks to low operating costs and less space required for installation. The segment is anticipated to retain its lead through 2025
North America is the largest and most mature market for car washing solutions, with the U.S. accounting for more than 43.0% of the global revenue in 2018. More than 2 billion cars are washed in the region each year
Some of the key players operating in the global car wash services market are Mister Car Wash; Zips Car Wash; International Car Wash Group (ICWG); Autobell Car Wash; Quick Quack Car Wash; Super Star Car Wash; True Blue Car Wash; Magic Hand Car Wash; Hoffman Car Wash; and Wash Depot Holdings Inc.

Scented Candles Market Worth $545.2 Million By 2025

The global scented candles market size is expected to reach USD 545.2 million by 2025, expanding at a CAGR of 8.4%, according to a new report by Grand View Research, Inc. Shifting traction towards various therapeutic procedures including aromatherapy, massage, and spa in order to relax human’s body is expected to expand the market and scope for scented candles. Additionally, organically prepared scented candles to play a unique role in aromatherapy as they act as diffusers for fragrances, which can be inhaled easily by consumers.

The utilization of these candles in aromatherapy results in providing various benefits such as improving sleep, soothing sore joints, treatment of headaches and migraines, fighting bacterial infection, improving digestion, and boosting immunity. According to a research published in November 2016, in Pain Research and Treatment on “The Effectiveness of Aromatherapy in Reducing Pain”, it was found that the therapeutic procedure had a significant beneficial effect in combating pain. Such research studies are expected to play a key role in promoting the application of various therapeutic procedures and thus, in turn, will expand the market for scented candles over the next few years.

Product innovation is expected to remain a critical success factor over the next few years. In September 2019, iheartpopcandles launched the “McDreamy” candle inspired by a fictional neurosurgeon on Grey’s Anatomy, Dr. Derek Shepherd. The candle is being sold on Etsy for USD 20 and is expected to have a fragrance resembling a mix of sea and salt. In the same month, another manufacturer, Poundland launched three new cocktail-inspired scented candles, such as Rhubarb and Ginger, Bellini Surprise, and Prosecco Fizz.

In September 2019, Yankee Candle Company launched a candle range designed for any new parents of a newborn. The range is available in varieties of colors and emblazoned with different colored balloons expressing the gender of the baby. The larger jar is available for GBP 27.9 and the smaller jar is available for GBP 17.9. Available fragrances include clean cotton, soft blanket, cherry blossom, fluffy towels, and warm cashmere.

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https://www.grandviewresearch.com/industry-analysis/scented-candles-market

Further key findings from the report suggest:

The container-based segment accounted for more than 55% of the global market revenue in 2018. The dominance is attributed to easy access to these products through offline channels along with excellent convenience offered to the buyers. The pillar segment is expected to witness a CAGR of 8.1% from 2019 to 2025
The online segment is expected to witness the fastest growth at a CAGR of 9.2% from 2019 to 2025. Most major manufacturers are spending on the development of their in-house online distribution channels, in order to serve their buyers. Convenience stores accounted for more than 55% of the global scented candles market revenue in 2018
North America accounted for more than 35% of the global market revenue in 2018. The increased number of spa and massage center in the U.S. and Mexico is expected to keep the dominance of the region over the next few years

Serveware Market Size Worth $15.9 Billion By 2025

The global serveware market is expected to reach USD 15.9 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.7% CAGR over the forecast period. The growing popularity of ceramic ware and glassware in households across the globe has been propelling the market. The versatility of serveware in commercial applications is also a key factor driving the market. In addition to being aesthetically pleasing, these tableware are suitable for cooking as well as heating in the microwave/oven. The shortcoming of ceramics being breakable and fragile is overcome with the introduction of melamine serveware, which is known to be shatterproof and much more durable.

The growing trend of buffet system for various meals in restaurants across countries such as the U.S., the U.K., Italy, Hong Kong, China, and India has been a key factor boosting the demand for serving ware, including metal and ceramic chafing dishes. In several North American and European countries, breakfast and lunch buffets are very popular, and hosting such meals requires a lot of serveware, which is driving the market.

Players have been competing on design and product innovation, looking to incorporate some of the latest trends in the industry. For instance, EcoBurner’s patented range of chafing dishes is known to be safer, greener, and cleaner than gel and wick variants available in the market. These zero fuel waste burners and serveware produce 75% fewer carbon emissions, have no toxic fumes, and always stay cool to touch. The chafing dishes are being widely adopted across the globe, in countries like Dubai, Abu Dhabi, Mexico, Singapore, Amsterdam, the U.K., and Canada.

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https://www.grandviewresearch.com/industry-analysis/serveware-market

Further key findings from the report suggest:

By product, bowls and platters accounted for more than 30.0% of the global serveware market revenue in 2018. The dominance is attributed to high popularity and penetration of the products in restaurants and households across the globe
Chafing dishes will register the highest CAGR of 4.6% from 2019 to 2025 owing to rising demand for buffets and other dining systems across restaurants
Metalware accounted for the largest revenue share of more than 30.0% in 2018. Plastic tableware is expected to witness the fastest growth from 2019 to 2025 owing to the inexpensiveness and wide variety of these products
Key manufacturers include Le Creuset, Borosil Glass Works Ltd., Churchill China plc, Fiskars Group, La Opala RG Limited, and All-Clad Metalcrafters, LLC. New product launches are expected to be one of the key strategies among serveware manufacturers.

Wheelchair Market Size Worth $4.2 Billion By 2026

The global wheelchair market size is expected to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.6%. Growing disabled population along with rising geriatric population is among factors driving market growth. In addition, improvements in healthcare infrastructure are fueling the demand for wheelchairs.

Adoption and awareness of advanced wheelchairs products are also propelling growth. Growing integration of automation in healthcare devices, especially mobility devices, such as wheelchairs, is anticipated to boost growth. For instance, wheelchairs are integrated with non-linear processing circuits, guide sensors, pulse steering drive, and several controls for making the ride easy and smooth for patients.

Rising prevalence of lifestyle diseases, osteoporosis, and other autoimmune disorders that lead to the need for wheelchairs and growing baby boomers are also some factors driving the market. Presence of geriatric population is one of the key factors responsible for the largest share held by U.S. in North America.

Hospital segment held the maximum share in 2018. This can be attributed to rising high-end mobility equipment such as powered wheelchairs and manual wheelchairs, which are preferred by patients in different healthcare settings as these wheelchairs offer required mobility during hospital stays.

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https://www.grandviewresearch.com/industry-analysis/wheelchair-market

Further key findings from the study suggest:

Manual wheelchairs held the largest share in 2018 owing to their increasing use in hospitals
Features of electric wheelchairs such as superior quality braking system, especially to stop accidental rolling, self-reliance, and comfortability are anticipated to boost growth
Increase in medical emergencies is one of the key factors driving wheelchair market growth
Rising number of rheumatoid arthritis and osteoporosis procedures is expected to boost demand for rehabilitation wheelchairs
Adults segment held the largest share in 2018 due to presence of a high global geriatric population and rise in the prevalence of conditions requiring different types of mobility devices
North America dominated the market due to increased adoption of advanced technology in wheelchairs and rise in disabled population
Some of the players operating in the market are Carex Health Brands, Inc.; Drive Medical Design & Manufacturing; Graham-Field Health Products, Inc.; Invacare; Medline; Sunrise Medical LLC; Karman Healthcare; Quantum Rehab; Numotion; and Pride Mobility Products Corp.

Single Lead ECG Equipment Market Worth $487.59 Million By 2025

The global single lead ECG equipment market size is estimated to reach USD 487.59 million by 2025, progressing at a 4.72% CAGR during the forecast period, according to a new report by Grand View Research, Inc.

Emergence of smartphone and mobile-based cardiac monitoring devices has been revolutionized the market in the past few years. Medical device manufacturers continue to invest in development of these products in order to overcome pitfalls associated with conventional means of cardiac assessment. This is, consequently, fostering the growth of the market.

An Indian company Agatsa Software Pvt. Ltd. introduced credit-card-sized ECG monitors, “Sanket”, which measures ECG in 15 seconds and displays results that can be sent to anyone across the globe via email, social media platforms, or SMS. Such advancements in ECG monitoring devices are anticipated to shape the future of the market over the forecast period.

On the other hand, government bodies are undertaking initiatives for improvement in treatment of cardiac disorders in order to satisfy escalating need for inexpensive and portable devices for regular cardiac monitoring as a preventive step. This, in turn, is expected to positively influence the growth of the market.

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https://www.grandviewresearch.com/industry-analysis/single-lead-ecg-equipment-market

Further Key Findings From the Study Suggest:

Widening base of patients suffering from cardiovascular diseases is expected to augment the single lead portable ECG equipment market
The demand for portable ECGs serving home/ambulatory services for risk identification for occurrence of cardiac diseases is projected to grow at a faster pace in the near future
The growth of the home/ambulatory segment is supported by continuous improvement in software/algorithms for regular cardiac monitoring
Availability of products that can carry out continuous and real time wireless ambulatory patient monitoring is contributing to the growth of the market
North America accounted for the largest market share in 2017, owing to well-established healthcare system coupled with rise in prevalence of cardiovascular diseases in the region
Presence of several nascent and established participants in the region further drives the R&D and novel product launches in the U.S.
Asia Pacific is likely to witness the fastest growth during the forecast period owing to rising patient awareness pertaining to portable technologies as well as increasing healthcare expenditure in developing economies
Rise in patient as well as physician awareness and inclination towards medical technology and cloud-based software programs are expected to encourage substantial growth in the region
The key players are engaged in launching novel products or algorithms in order to enhance market penetration.

Pulse Oximeters Market Size Worth $3.2 Billion By 2027

The global pulse oximeters market size is expected to reach USD 3.2 billion by 2027, expanding at a CAGR of 6.4%, based on a new report by Grand View Research, Inc. Technological advancement in design and development of pulse oximeter is expected to boost market growth during the forecast period. Market players are introducing devices that are more compact, portable, ease to use, accurate, and efficient. For instance, in May 2019, Masimo received FDA clearance for its first tetherless SET pulse oximeter, Radius PPG.

Oxygen saturation monitors are conventionally used in pre and postsurgical settings. They are used during surgeries when patients are anesthetized. Increase in number of surgeries being performed and focus on patient safety are among the key factors responsible for increased use of the medical device during most procedures. These devices are purchased once and require servicing, without the need for frequent replacement. The use of oxygen saturation monitors in newborn screening can boost the demand and procurement of these devices by hospitals for maternity and pediatric care divisions.

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https://www.grandviewresearch.com/industry-analysis/pulse-oximeter-market

Further key findings from the study suggest:

The sale of fingertip pulse oximeters has witnessed a significant spike since the first week of March 2020 due to COVID-19 pandemic
Handheld pulse oximeters are expected to be in high demand during the COVID-19 pandemic, as these devices are more accurate and come with probes that can be used for individual patients to limit spread of the virus
There is an upward trend in the use of oxygen saturation monitors in homecare settings due to expansion of the homecare market. Hospices and nursing care centers are procuring the medical device to provide better care to their patients
North America held the largest share in the market in 2019. Demand for oxygen saturation monitors is increasing in U.S. and Canada due to high prevalence of Congenital Heart Diseases (CHD) in infants
In Asia Pacific, the market is anticipated to witness significant growth during the forecast period. In countries such as Australia and New Zealand, oxygen saturation monitors are part of the standard patient observation procedures in hospitals and clinics. The device plays a vital role in monitoring and treatment of respiratory diseases in newborns and adults, as it provides independent information for a more comprehensive respiratory assessment
The industry is also witnessing mergers, acquisitions, and licensing agreements. For instance in April 2019, Philips Respironics moved the rights for direct sales of pulse oximeter in homecare market to Nonin Medical, an OEM manufacturer.