U.S. Digital Therapeutics Market Size Worth $5.47 Billion By 2027

The U.S. digital therapeutics market size is expected to reach USD 5.47 billion by 2027, registering a CAGR of 22.2% during the forecast period, according to a new report by Grand View Research, Inc. Technological advancement in healthcare IT, increasing demand for integrated healthcare system, and cost effective patient care are driving the market growth.

COVID-19 pandemic has expedited the adoption of Digital Therapeutics (DTx) especially pertinent to mental illness and chronic ailments like diabetes and Cardiovascular Diseases (CVD). The U.S. Food and Drug Administration (FDA) released new guidelines for computerized behavioral therapy and other DTx solutions during this public health emergency. The organization has waived off guidelines that include 510(k) premarket notifications, registration and listing requirements, and Unique Device Identification (UDI) requirements for DTx therapeutic devices with low risk. For instance, Pear therapeutics launched Pear-004 for psychosis and self-management training post the new guidelines. The product needs to be used under a doctor’s supervision.

The need for cost-effective healthcare is increasing due to rising healthcare expenditure. Digital health technology is being encouraged and preferred to avoid unnecessary costs and promote cheaper & alternative means of healthcare delivery, thus propelling the market. Moreover, rising demand for remote monitoring services due to increasing incidence of chronic diseases worldwide is one of the factors propelling market growth. Digital therapeutic applications allow patients to manage and treat diseases without constant medical intervention, thereby drastically reducing healthcare expenditure.

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https://www.grandviewresearch.com/industry-analysis/us-digital-therapeutics-market

Further key findings from the study suggest:

In terms of revenue, diabetes dominated the application segment in 2019. The growth can be attributed to increasing incidence of this diseases and demand for self-management and constant monitoring
On basis of end use, patients held the largest revenue share in 2019 owing to increased adoption of healthcare IT services through Artificial Intelligence (AI) driven smartphone apps
In the wake of COVID 19 pandemic, patients with chronic diseases are facing challenges in managing medications, visiting healthcare providers, and maintaining a balanced diet. DTx therapy can be useful in managing patient conditions remotely
Companies such as DarioHealth, WellDoc, and Kaia Health are providing guidance to diabetic patients for managing their glucose levels and maintaining a healthy lifestyle
In January 2020, Pear Therapeutics and Crossroads Treatment Centers entered into a partnership to incorporate reSET-O PDT in several opioid use disorder treatment centers located in Pennsylvania, thereby enhancing its market reach

Technical Textile Market Size Worth $250.6 Billion By 2027

The global technical textile market size is expected to reach USD 250.6 billion by 2027, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Superior properties of technical fabric such as excellent strength, versatility, and superior performance make them desirable for numerous industrial applications.

Farmers are shifting their focus towards agro-tech products owing to uncertainty in climate, limited availability of water, and threat to crops from being damaged by insects and pests. These agro-tech products are expected to boost agricultural productivity, thereby boosting market growth over the forecast period.

Factors such as increasing demand for high-performance and energy-efficient fabric and stringent government regulations regarding performance in various applications have driven market growth. Technical fabrics are been witnessing burgeoning penetration in end-user industries for varying applications, such as automotive, packaging, and medical.

Changing consumer preference toward fashion and high-level of quality and technology has further intensified the complexity of the process. Hence, it makes the manufacturing process more difficult and complex, creating high synergy between functional design, innovative approach, advanced technologies, fashion considerations, and smart materials.

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https://www.grandviewresearch.com/industry-analysis/technical-textiles-market

Further key findings from the report suggest:

Thermo-forming technology is increasingly used for the manufacturing of technical fabrics. This segment is projected to witness a CAGR of 5.4% from 2020 to 2027 and reach USD 33.3 billion in 2027
The agro textile end-use segment accounted for USD 4.5 billion in 2019 on account of its functional benefits, including superior weather resistance, protection from micro-organisms, protection from solar radiation, ultra-violet radiation, and water conservation
In Europe, the market is projected to witness a CAGR of 4.3% from 2020 to 2027 on account of the rising demand for the fabrics in household and fashion and clothing applications
In Asia Pacific, the market accounted for USD 81.2 billion in 2019 and is expected to witness exponential growth over the forecast period owing to the expansion of residential, commercial, and industrial sectors in the region
In China, the market accounted for USD 29.8 billion in 2019 and is projected to witness a CAGR of 6.3% from 2020 to 2027 owing to the availability of raw material at low cost.

Off-grid Solar PV Panels Market Size Worth $3.9 Billion By 2027

The global off-grid solar PV panels market size is projected to reach USD 3.9 billion by 2027, expanding at a CAGR of 9.4%, according to a new report by Grand View Research, Inc. Growing adoption of renewable energy owing to favorable government policies is predicted to drive market growth.

High efficiency at affordable operational costs along with durability offered by solar PV panels is projected to drive industry growth. Rapid population growth and industrialization have resulted in a sharp increase in power demand globally. The energy sector has turned to clean power sources resulting in increase in the installations of solar modules, which in turn is likely to propel industry growth.

Additionally, major global economies are planning to augment the installation of solar modules over the next decade, which is further projected to drive the market over the forecast period.Based on technology, thin films emerged as the largest segment in the market. Rise in adoption of clean energy for industrial and commercial power generation is resulting in increasing deployment of the technology. The technology is ideal for regions with abundant sunlight and areas that experience frequent grid failure leading to power outages.

The residential segment is projected to grow at the fastest rate over the forecast period owing to the growing residential construction activities. Major suppliers and vendors are offering long-term contracts to the owners covering regular maintenance and servicing of the panels, thereby driving the market till 2027.

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https://www.grandviewresearch.com/industry-analysis/off-grid-solar-pv-panels-market

Further key findings from the report suggest:

In 2019, Asia Pacific held the largest market share and is projected to witness a CAGR of 8.2% from 2020 to 2027, owing to rising power costs and grid infrastructure expenses in India and China
Industrial segment accounted for greater market share in 2019 as off-grid solar PV panel is an effective solution to tackle increasing power tariffs. Industrial segment is the largest consumer of electricity in the world with more than half of the world’s produced capacity being used by it
Middle East and Africa emerged as the fastest growing regional market with growing investment towards renewable energy from Saudi Arabia, and the UAE among other regional countries which are opting for cleaner sources of power generation
U.S. accounted for market share of 44.2% in 2019 owing to noticeable increase in the number of new installations over the last five years based on community efforts and exponential increase in the electricity bills.

Renewable Power Generation Market Demand To Reach 12,630.9 TWh By 2027

The global renewable power generation market demand is expected to reach 12,630.9 TWh by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% over the forecast period. Switching from conventional fossil fuels to renewable sources is underway to achieve economic, social, and environmental developments. Moreover, such investments in renewable and clean resource sectors are estimated to generate commercial opportunities as well as new jobs.

The world economy will be in the expansion mode after the COVID-19 pandemic, therefore demand for power is expected to increase exponentially in the coming years. This is a result of the higher living standards and economic growth. Fossil fuels currently dominate the present power supply, accounting for almost 60% of the energy increase until 2035. However, the shift towards low carbon fuels, coupled with stringent environment regulations in most of the developed countries, has provided a major boost to renewable energy.

The renewable energy market has witnessed a surge in installation capacity over the past few years on account of growing environmental concerns, coupled with the aim to reduce the harmful effects of greenhouse gasses. This has been a major factor for the expansion of wind energy. Government support to save energy and improve the efficiency will result in propelling growth over the forecast period.

Renewable energy is clean, silent, and freely available. This source of power has also become aesthetically appealing after the implementation of solar panels in residential and commercial buildings. The recent dip in the solar panel prices on account of hardware cost reductions as well as rising focus on tackling soft costs is further projected to augment the installation rates. Despite the extensive research & development costs associated, the major providers of solar panels have successfully reduced design, along with overhead costs.

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https://www.grandviewresearch.com/industry-analysis/renewable-power-generation-market

Further Key Findings from the Study Suggest:

By product, the hydropower segment held the largest share of almost 63% in 2019 due to its wide availability and low cost
The solar segment is anticipated to expand at the fastest CAGR of 9.5% from 2020 to 2027 on account of declining prices of solar panels and technological upgradation
Asia Pacific led the renewable energy generation market in 2019 and is anticipated to reach 5,311.3 TWh by 2027 owing to presence of numerous end-use industries, such as automobile, electronics, manufacturing, and pharmaceutical
In Asia Pacific, China accounted the largest share of 66.5% in 2019. Rapid industrialization and growing population over the past few years has resulted in increased demand for clean energy in this country
Research & development activities, partnership with local governments, and technological collaborations are some of the strategic initiatives taken up by leading companies.

Zero Waste Shampoo Market Size Worth $165.36 Million by 2025

The global zero waste shampoo market size is expected to reach USD 165.36 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.18% during the forecast period. Rising adoption of zero-waste lifestyle and consciousness regarding waste management is driving the product demand. Rising awareness regarding animal cruelty and adoption of reduce, recycle, and reuse ideology by manufacturers is anticipated to further drive the growth.

Zero waste shampoos are made of organic and natural ingredients. Most of these products are 100% biodegradable and vegan and packaged using recyclable and eco-friendly materials, making them less harmful to the skin as well as the environment. This makes zero waste shampoos plastic-free, sustainable, and safe for the oceans. Rising consumer awareness about the availability of these products along with eco-friendly initiatives by various organizations are projected to propel the global market growth.

The shampoo bar product segment held the largest share of the zero waste shampoo market. This product is made using natural ingredients that are gentle on skin and hair. It also lathers better as compared to the liquid shampoo and provides smoothness and conditioning to the hair. The plastic free packaging of these bars is also anticipated to drive the product demand. Rising product launches along with demand for vegan products in Asia Pacific has resulted in increased product sales.

The market has limited competition due to the presence of a large number of small manufacturers. Adoption of business strategies such as geographical expansion, product launches, and product innovations are anticipated to create growth opportunities for the market players. Some of the leading companies in this market are Lush Retail Limited; Ethique Beauty Ltd.; J.R. Liggett, Ltd.; Beauty and the Bees; Plaine Products, LLC; Oregon Soap Company; The Refill Shoppe, Inc.; Rocky Mountain Soap Company; and Biome Living Pty. Ltd. For instance, the zero waste shampoo and conditioner brand Ethique Beauty Ltd. was launched in U.K. in April 2019.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/zero-waste-shampoo-market

Further key findings from the report suggest:

In terms of revenue, shampoo bar segment is projected to ascend at a CAGR of 6.86% over the forecast period
Offline distribution channel segment held the leading market share of over 79% in 2018
North America led the global zero waste shampoo market in 2018 with a 44.11% revenue share

Organic Beverage Market Worth $47.78 Billion By 2025

The global organic beverages market size is estimated to reach at USD 47.78 billion by 2025 expanding at a CAGR of 13.0%, according to a new report by Grand View Research, Inc. High product demand across the globe and rising disposable income levels in developing economies are some of the major factors boosting the growth of the market. Demand for non-sugary, non-caffeinated drinks will also fuel the product demand over the coming years.

Availability of products with new flavors and ingredients like turmeric, aloe Vera, and activated charcoal in attractive easy-to-carry & -store packaging will also fuel the demand. Non-dairy beverages product segment accounted for the largest market share in the year 2018. Non-dairy drinks are prepared from sources like legumes, plant materials, nuts, and cereals and hence act as functional drinks. Organic beverages are also used as substitute for milk.

Coffee and tea product segment is projected to register the fastest CAGR of 13.8% during the forecasted period. Factors, such as increasing health awareness, preference for organic and natural drinks, and changing lifestyles, are boosting the segment growth. Led by U.S., North America was the largest regional market in the year 2018 owing to presence of target population. The regional market is projected to expand further at a steady CAGR from 2019 to 2025 due to rising number of cafes and food chains in U.S.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/organic-beverages-market

Further Key Findings from the Study Suggest:

The non-dairy product segment is projected to account for the largest share of the global organic beverage market by 2025
Offline distribution channel led the market in 2018. However, the online segment will register the maximum growth rate over the forecast years
Asia Pacific is estimated to be the fastest-growing regional market at a CAGR of 17.6% during the forecast period
This growth is attributed to rapid urbanization, rising disposable income levels, and establishments of various international retail stores in the emerging countries like China and India
U.S., Germany, China, Brazil, and South Africa are the major countries with lucrative growth opportunities for the market in their respective regions

Portable Solar Charger Market Worth $1.7 Billion By 2025

The global portable solar charger market size is anticipated to reach USD 1.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period. Shifting consumer inclination towards on-the-go environmental friendly products due to increasing awareness related to depleting energy resources is a main factor driving the sales of portable solar charger over the forecast period. Moreover, government bodies in India and Africa provide subsidies on rechargeable products such as lanterns, lamps, torch, and batteries in order to increase energy access to people not connected to electric grid. In addition, increasing penetration of mobile phones in the rural parts of Africa and India is expected to create huge opportunity for these chargers in upcoming years.

Small portable solar charger held a leading market share in 2018. The foldable segment is anticipated to expand at the fastest CAGR of 22.0% over the forecast period. The U.S. military is increasingly shifting towards renewable energy resources in order to reduce its dependency on oil energy, which is expected to increase adoption of solar panel and chargers in upcoming years. Moreover, increasing use of various electronic surveillance equipment by military is expected to boost demand for the foldable solar chargers over the forecast period.

The individual segment held a leading share of 69.5% in 2018. Increasing participation in outdoor activities such as hiking, biking, and mountaineering, especially in developed countries, is expected to provide growth opportunity for these types of chargers. The number of bikers traveling globally is continuously increasing to cement their love for riding. This trend has encouraged many tour organizers to roll out riding tours outside India. In addition, many bike manufacturers are hosting tours internationally to promote their brands.

Asia Pacific emerged as the largest regional market in 2018 on account of growing product visibility, especially in India, Bangladesh, and Indonesia. Moreover, government organizations including the World Bank, International Finance Corporation, and Global Off-Grid Association have undertaken supportive initiatives to increase energy access to remote areas and villages with off-grid solar power. North America is anticipated to expand at a CAGR of 20.9% from 2019 to 2025. This growth is attributed to increasing product penetration, coupled with rising popularity of adventurous outdoor activities on account of increasing awareness related to maintaining a healthy life.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/portable-solar-charger-market

Further key findings from the report suggest:

U.S. is a leading country in the North America market, expanding at a CAGR of 20.8% from 2019 to 2025. The market is driven by shifting preference towards environment friendly products including solar chargers
The portable solar charger market in Europe is expected to reach USD 385.5 million by 2025
Asia Pacific held the largest market share in 2018 owing to rise in product availability. India held more than 25.0% share of overall revenue in 2018 on account of rising popularity of solar charger among residential users
The global market is highly competitive in nature due to presence of companies including Goal Zero, Voltaic Systems Systems, EMPO-NI off-grid solutions, Anker Innovations Limited, Instapark, Suntactics, X-DRAGON, Renogy, and Powertraveller International Ltd.

Unified Communication And Business Headsets Market Size Worth $4,315.1 Million By 2025

The global unified communication (UC) and business headsets market size is anticipated to reach USD 4,315.1 million by 2025, registering a CAGR of 12.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The adoption of unified communication headsets is increasing as these headsets include active noise cancellation feature that enables reduction in external disturbances and improvements in employee productivity.

The growing competition in the market is driving the need for multitasking in organizations at various levels. The demand for wireless headsets is expected to grow as they are compatible with laptops, notebooks, PCs, and smartphones. These headsets have been largely used by executives and senior management employees.

The wireless segment dominated the market in the year 2018. Increasing adoption of softphones by various call centers is driving the demand for high-quality headsets that enable efficient communication, irrespective of the employee or client location, thereby, increasing profits for organizations.

The USB-based wired PC headsets are anticipated to witness substantial growth within the office and working-class professionals. Trends such as mobility and flexibility at work are driving the demand for use of wireless devices at work and home. The business segment is witnessing increasing adoption of wireless devices. Traditional BPOs and call centers are largely adopting cordless headsets.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/unified-communication-uc-business-headsets-market

Further key findings from the study suggest:

The earphone segment is anticipated to grow at the highest CAGR of above 12.5% from 2019 to 2025. Numerous large-scale organizations have initiated the adoption of unified communications to conduct video conferences, webinars, training sessions, and meetings using UC technology for reducing their traveling expenses.
The wired segment dominated the market in 2018 and reached a value of above USD 1,000 million owing to its affordability and extensive use in small & medium enterprises.
The >100 segment is anticipated to grow at the highest CAGR of above 12.5% from 2019 to 2025 owing to the growing preference for newly introduced headset technologies such as gesture recognition and control, 3D surround sound delivery, and active head tracking.
The online sales channel segment is expected to emerge as a fastest-growing distribution channel segment over the next six years. Online sales channel includes the provision of various offers on product prices, which encourage consumers to shop headsets through online platforms.
The business enterprises segment is expected to grow at the highest CAGR of above 12.0% over the forecast period. The demand for unified communication has been increasing over the years and several enterprises have deployed IP infrastructure, which supports real-time communication services.
The North American region accounted for the largest market share in terms of revenue and is expected to continue to dominate the market over the forecast period.
The buyers are seeking a wide range of models with benefits such as improved aesthetics, reliability, and durability and simplicity in use.
The key players in the market include Audio-Technica Corporation; Bose Corporation; Dell Technologies Inc.; GN Store Nord A/S; HP Development Company, L.P; Koss Corporation; Logitech; Microsoft Corporation; Plantronics, Inc.; and Sennheiser electronic GmbH & Co. KG.

Nanosatellite and Microsatellite Market Worth $4.95 Billion By 2025

The global nanosatellite and microsatellite market size is expected to reach USD 4.95 billion by 2025, expanding at a CAGR of 22.2% over the forecast period, according to a new report by Grand View Research, Inc. Upsurge in earth observation missions, along with development of Small Satellite Launch Vehicles (SSLV), is expected to propel market growth.

The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, along with creating market opportunities for satellite communication (satcom) industry stakeholders. Deploying small satellites for 5G deployment can particularly benefit in the form of wide area coverage, cost-effectiveness, and reliability. At the same time, latest technologies, such as new solar panel cell technology and star tracker technology, are also allowing small satellites to strengthen their position in the broader satellite industry.

The growth of the communications sector, coupled with the continued adoption of Internet of Things (IoT), is expected to open opportunities in the global market. The continued adoption of IoT will particularly encourage start-ups to launch their small satellites. For instance, Hiber is expected to launch its first nanosatellite in 2019 to deliver internet connectivity to remote locations using Hiberband modem and support potential IoT projects globally.

Government support is a key factor encouraging companies to launch nanosatellites and microsatellites for communication and navigation, earth observation, and remote sensing applications. Several governments are developing means to utilize the information obtained from such satellites in a more efficient manner for the public sector. For instance, the UK Space Agency’s Space for Smarter Government Program (SSGP) allows departments to share expertise, data, and services related to nanosatellites and microsatellites as well as information obtained from these satellites.

However, despite substantial growth of the global market, frequent delays in satellite launches are leading to skepticism. Nevertheless, independent launch vehicles being developed and low-cost sensors being manufactured by key companies are likely to help overcome these growth barriers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/nanosatellite-microsatellite-market

Further key findings from the report suggest:

The nanosatellites segment is expected to grow at a significant rate over the forecast period. The progression toward low-cost satellite-based internet services is enabling a transition towards the adoption of these satellites
The earth observation/remote sensing segment is poised to grow at a steady rate over the forecast period as the development of low-mass and low-power navigation sensors in small satellites provides impetus to new remote sensing and earth observation missions
The civil segment is expected to grow at a CAGR of close to 25% over the forecast period as commercialization of small satellites introduces academic institutions and research organizations to space technology
Asia Pacific is expected to be the fastest-growing regional market over the forecast period, owing to increased nanosatellite launches by various academic institutions and increased government support for developing space programs
Key players in the market include GomSpace, Innovative Solutions in Space (ISIS), SpaceQuest Ltd., and Sierra Nevada Corporation.

Carry Cases Market Size Worth $9,011.3 Million By 2025

The global carry cases market size is estimated to reach USD 9,011.3 million by 2025, registering a CAGR of 5.9% from 2019 to 2025, according to a new study by Grand View Research, Inc. The increase in the level of disposable income has enabled consumers to spend on gadgets such as notebooks and tablets. Furthermore, the growth of the e-commerce industry has stimulated the sale of accessories such as backpacks, sleeves, and other carry cases.

The introduction of multiple models of laptops is expected to promote the market growth since devices of different sizes and designs require different cases. Moreover, the introduction of smart cases is expected increase customer adoption as it improves the functionality of the cases. For instance, carry cases are available that are made of special material that blocks RFID signals to protect credit cards and passport from wireless identity theft.

The market is lucrative in developing regions such as Asia Pacific due to emerging businesses that implement BYOD. The adoption of BYOD improves work flexibility in terms of flexibility of employee work hours and work access from anyplace. Moreover, it helps increase productivity and reduce operation costs for the organization. Thus, it increases the usage of wireless connected devices such as tablets and laptops, which in turn increases the usage of products such as sleeves and messenger bags. Furthermore, innovative product design is expected to enhance the aesthetic value and protection capability of carry cases, thereby, increasing their adoption.

The usage of backpacks and sleeves for marketing and promotional purposes is expected to increase the scope for commercial applications at educational institutions and workplaces. Furthermore, the recent trend of customization whereby customers can get their names printed on the cases or get personalized designs is expected to boost the demand for carry cases.

The market comprises a large number of players including local manufacturers and authorized retailers. The market competition is high and mainly price-based. The presence of counterfeit products is expected to restrain the market growth and affect the profitability of market participants.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/carry-cases-market

Further key findings from the study suggest:

The introduction of various electronic devices such as tablets and laptops are anticipated to foster the growth of the global carry cases market.
Carry cases serve to protect devices and are widely adopted for their aesthetic value and functionality.
The commercial segment is the fastest-growing consumer type segment with a CAGR of 9.1% over the forecast period.
The sleeves segment is the fastest-growing product segment, registering a CAGR of 7.3% over the forecast period owing to increasing demand for slim and compact personal computers that are convenient to travel.
The key industry participants include Targus, Torg, Fabrique Ltd., Lenovo, Swissgear, Thule Group, AsusTeK Computer Inc., Case Logic, North Face, and Incase Design Corp., among others.