Personal Care Market Intelligence

  Commercial Refrigeration Equipment Industry Overview The global commercial refrigeration equipment market size was valued at USD 37.25 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2030. The rapid expansion of the hospitality and tourism sector and the growing preference for end-consumers for takeaway meals are expected to drive the market growth over the forecast period. In addition, increasing regulatory pressures resulting in the adoption of lower Global Warming Potential (GWP) refrigerants coupled with the ongoing technological breakthroughs will also provide positive growth prospects for the market. A considerable rise in the international food trade has also instigated the demand for the refrigeration of frozen foods, processed foods, and seafood. The continual innovations and rapid improvements in technologies, including liquid-vapor compression and ammonia absorption systems, are driving the product demand further...

  Smart Healthcare Industry Overview The global smart healthcare market size was estimated at USD 144.9 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The rising adoption of mHealth, government initiatives to digitize healthcare, and the prevalence of chronic disorders are likely to accentuate the demand for smart healthcare systems. Digitalization has transformed the healthcare industry. The adoption of  mHealth  has increased substantially in the past few years, majorly owing to the rising usage of smartphones and digitization. As per a United Healthcare Consumer Sentiment Survey, in 2019, approximately 37.0% of Americans rely on the internet or mobile apps for consultations related to their health conditions. With the COVID-19 advent, smart healthcare products noticed a sudden increased demand. Smart healthcare adoption has increased during the pandemic situation, and this adoption rate is further projected...

  U.S. Cannabis Industry Overview The U.S. cannabis market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. In the United States, cannabis is often used in the cosmetic, pharmaceutical, and food & beverage industries. The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market. The increasing research on the use of cannabis and its medicinal properties has led to its increased use to treat various chronic conditions. They are found to be effective in treating chronic pain and nausea caused due to chemotherapy. Furthermore, the constant rise in the legitimization of medical cannabis has resulted in the growth of the market. For instance, the Food and Drug Administration (FDA) has approved the use of cannabis-derived drug products such as Epidiolex, Cesamet, etc. for treating seizures, and c...