Rising Acceptance of AR/VR Products Boosts Volumetric Video Industry

The volumetric video market was USD 2,377.4 million in 2023, which will touch USD 13,939.6 million, growing at a 28.8% compound annual growth rate, by 2030. 

The growth of this industry is because of the increasing rate of technological advancement, mounting use of AR/VR products, and rising expenses on the development of sports technologies.

Moreover, the arrival of 5G brings the advantages of low latency with high bandwidth and speed, allowing the incorporated provision of such video content. With this, the rising uses of this technology in holograms, gaming, brand experiences, training, and metaverse assist the industry expansion.

In 2023, North America was the largest contributor to the industry, with a 55% share, and it is likely to remain the largest in the years to come. This is because of the high pace of acceptance of developed technologies like VR, MR, and AR; the growing requirement for attractive signage and advertisements, and the existence of many companies.

APAC is likely to advance at the highest compound annual growth rate in the years to come. This is because of the large customer base for all sectors, the increasing standard of living of people with disposable salaries, quick urbanization, the growing need for enhanced sports-watching experiences, and the surging volume of specific image-guided surgical measures.

With the increase in the acceptance of AR or VR, the volumetric video industry will continue to progress in the years to come.

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Surface Computing Market is Led by North America

The surface computing market was USD 61.2 billion in 2023, and it will rise to USD 505.5 billion, powering at a 35.3% compound annual growth rate, by 2030.

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This growth is mainly because of the surging use of natural user interfaces for interacting with users. Additionally, surface computers have multi-touch as well as multiuser technologies, which assist in the identification of various objects physically with the help of touch. 

Moreover, they are employed for different applications, such as revolving, resizing, choosing, and moving, allowing the identification of objects in real-time.

The curved category, on the basis of display type, is likely to advance at a higher rate, of 35.6%, in the years to come. This can be because these devices have developed visual quality, enhanced efficiency, and reduced eye strain.

North America is the largest contributor to the industry, and it will remain the largest, generating USD 33.6 billion, by 2030. This can be mainly because of the increasing disposable salary as well as the existence of major companies.

APAC is likely to advance at the highest rate, of 35.8%, during this decade. This is because of the rising acceptance of innovative and new technologies, the growing need of customers for more immersive experiences in the digital world, and high funding by several tech giants in this region. 

With the increasing acceptance of natural user interfaces for interacting with users, the surface computing industry will continuously advance in the coming years.

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Dedicated Freight Has a Major Share in the Train Dispatching Market

The size of the train dispatching market was USD 1,042.9 million in 2023, and it will power at a rate of 8.3% by the end of this decade, to touch USD 1,811.3 million by 2030. The growth has a lot to do with the growing railroad tech and mounting degree of urbanization. Also, the snowballing need for smart cities is boosting this growth at a global level.

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Dedicated freight has a major share, of about 45%, due the necessity to provide effective, ecological, cost-effective, fast, and dependable delivery of goods. Furthermore, when run competently, trainsets make use of less fuel and emit less emissions, therefore improving the eminence of the air and minimalizing the carbon footprint. Currently, as opposed to road transport, railways emit one-fifth less GHG per ton transported and kilometer traveled.

The services category will power at a higher rate. For increasing throughput on the current rail infra, freight and passenger train timetables must be enhanced. The transformation of networks includes regular advancements, upkeep, and operational monitoring. To aid attain all these purposes, implementation, support & upkeep, and training & education services are needed by operators and maintenance agencies.

North America train dispatching market is leading, and it will continue in the future as well, with around USD 0.5 billion in 2030. This is credited to the existence of important players and rising count of high-speed rail projects.

The U.S. is the regional leader, and it will power at a rate of 8.5% in the future. This has a lot to do with the rapid acceptance of cutting-edge technologies, including ML, AI, and the internet of things, to improve competence, precision, dependability, and safety.

The rising degree of urbanization has a lot to do with the increasing demand for train dispatching solutions. This trend will continue in the years to come as well.

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Electronic Gadget Batteries Market Will Advance at a 16.3% CAGR

The electronic gadget batteries market was USD 15.9 billion in 2023, which will increase to USD 45.6 billion, growing at a 16.3% compound annual growth rate, by 2030.

Random memory and storage, processors, an operating system, Wi-Fi, and various other components of software and hardware present in personal computers are all found in portable computing products. 

Therefore, rechargeable batteries assist in powering these electronic products. Also, the chosen technology of the battery impacts the user interface, mobility, and performance of devices.

In 2023, the OEMs category, based on end user, accounted for the major share, of 65%. This can be because lithium-ion batteries are essential for achieving the goals of mobile computing battery OEMs in enhancing device efficiency, price competitiveness, and battery life.

In 2023, the portable PCs category, based on application, led the industry, with a 40% share. This will be because portable PC batteries are extensively utilized in Chrome books, laptops, and notebooks as these rechargeable gadgets are employed to produce and store electricity, allowing portable PCs like laptops to run without a power cord.

Additionally, lithium-ion batteries are the most common laptop batteries type. They are accessible in different configurations, based upon the workload weight, CPU speed, RAM, screen size, and other measurements to keep the laptops functioning for many hours.

North America is likely to advance at a 16.4% compound annual growth rate in the years to come. This will be mainly because of the advancements in technology, the existence of major companies, and the enhanced consumer electronics sector in this continent.

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Fiberglass Market Will Reach USD 49.1 Billion By 2030

The global fiberglass market is expected to reach an estimated USD 30.1 billion in 2023 and grow by 7.3% during the period between 2024 and 2030, reaching a value of USD 49.1 billion over that period. This is mainly due to the exclusive features of fiberglass, like high tensile strength, high resistance to chemicals, relatively low density, and non-flammable nature. Therefore, it has applications in many industries, like aerospace, construction & infrastructure, automobile, wind energy, septic tanks, boats, and water tanks.

On the basis of type, the E category is leading the industry, with the largest share of 25%, in 2023. This is mainly due to the special features of E glass, like resistance to vibrations and abrasion, higher specific resistance than steel, and good flexibility. Thus, E glass fibers are utilized on a large scale as an insulator for electrical conductors, in the textile sector, and for manufacturing advanced composites.

In 2023, composites claim the majority share by application, primarily attributed to the numerous advantages of fiberglass composites when compared to conventional materials like wood and steel. These composites offer cost-effectiveness, resistance to corrosion, strong structural capabilities, and minimal maintenance needs. Consequently, the growing adoption of fiberglass composites in industries such as automotive, aerospace, and construction is anticipated to propel market growth throughout the forecast period.

In 2023, the APAC region commands a market dominance with a 50% share. This is attributed to the widespread use of fiberglass across various industries, a rise in industrialization levels, and the substantial population in China and India. Additionally, the market in the APAC region is expected to experience growth during the forecast period due to increasing disposable income and the presence of major players.

The fiberglass sector is driven by the replacement of conventional materials with fiberglass across various industries.

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Surgical Procedures Market is Driven by Surging Cancer Incidence

The surgical procedures market was 110.0 million procedures in 2023, and it will reach 137.5 million procedures, advancing at a 3.3% compound annual growth rate, by 2030.

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The growth of this industry is mainly powered by the increase in the incidence of cancer. Furthermore, the growing pace of technological developments in surgical procedures, such as the arrival of robotic surgical procedures, is a key aspect boosting this industry.

In 2023, the obstetric & gynecologic (OB-GYN) category, on the basis of type, led the industry, with approximately 30% share. This is ascribed to the rising occurrence of gynecological illnesses like endometriosis, ovarian cysts, polycystic ovary syndrome (PCOS), uterine & ovarian cancer, pelvic inflammatory ailment, chronic pelvic pain, and adenomyosis.

The ophthalmic category, on the other hand, will advance at the fastest rate, of approximately 3.7%, in the years to come. This will be mainly because of the increasing occurrence of different ophthalmic ailments, such as glaucoma, diabetic retinopathy, and cataracts.

Furthermore, the industry in the category is advancing because of the mounting aging population and the rising occurrence of eye conditions owing to diminishing eyesight and longer screen time.

In 2023, the hospitals category, based on provider, was the largest contributor to the surgical procedures market, with approximately 45% share. Moreover, this category will remain the largest throughout this decade.

The growth of this category is because of the enormous number of surgeries conducted in these healthcare settings across the globe, coupled with the mounting prevalence of various chronic illnesses.

Whereas, the ambulatory surgery centers category will propel at the fastest compound annual growth rate, of 3.5%, in the coming years. This is because of the booming count of such centers, the treatment cost-efficiency offered at these facilities, and the rising acceptance of minimally invasive measures and cosmetic procedures.

North America was the largest contributor to the industry in 2023, with a 50% share. This is because of the existence of a well-developed healthcare infrastructure, shifting fondness toward outpatient surgeries, and a greater acceptance rate of technologically developed devices.

Moreover, the surging occurrence of ailments like gastrointestinal, orthopedic, and cardiac disorders in this continent also assists the industry expansion.

APAC is likely to advance at the fastest rate, of approximately 3.5%, in the years to come. This is because of the arrival of developed surgical technologies, the flourishing healthcare sector, and the advancing medical tourism industry in this region.

Additionally, the expansion is also assisted by the rising consciousness regarding chronic disorders, coupled with the increasing occurrence of neurological disorders and traumatic injuries.

It is because of the surge in the occurrence of cancer, the surgical procedures industry will continue to advance in the years to come.

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North America was the Leader of the Multiplex Assays Market

The multiplex assays market produced USD 3,918 million revenue in 2023, and it will power at a rate of 9% by the end of this decade, touching USD 7,103.5 million by 2030.

To learn more about this report: https://bit.ly/4aNVHAn

The main factor powering the industry is the growing incidence of chronic ailments and infectious diseases. Also, the growing requirement for effective analytical platforms in research and medical diagnostics, to decrease the costs for researchers, healthcare providers, and patients, is a robust contributor.

On the basis of product, the consumables category led the industry with a share, of 45%, in 2023. It was because of the increase in the count of diagnostic tests and surge in research actions by life sciences companies.

For example, in January 2023, Novo Nordisk, a pharma company, publicized a USD 6-million grant for Durham Technical Community College, for supporting the later’s life sciences program and set up a novel training center with area of 35,000 square feet.

The protein-based category led the multiplex assays market, with a 50%, share in 2023, due to the growing applications of these kinds of products in proteomics studies. Furthermore, protein-based assays are extensively used in research to recognize the protein concentration, electrophoresis, cell biology and other analytes.

The flow cytometry category led the industry in 2023, because of the numerous applications of this tech in the discovery and measurement of proteins and RNA and in the assessment of cell health.

For instance, Life Sciences Core Facilities, the Flow Cytometry Unit, Weizmann Institute of Science’s is making the use of imaging flow analyzers that combine the high-amount quantification of flow cytometry with microscopy and aid in the study of post-translational alterations and protein, protein interactions in different contexts.

North America led the industry with a share of 55%, in 2023, and it will power at a considerable rate, as a result of the increase in the research and development activities by biotech and pharma companies for the expansion of new drugs and diagnostic solutions. 

For example, in Jan 2023, PharmaEssentia Corporation publicized plans for a new PIRC in Greater Boston, Massachusetts. Likewise, in October 2022, Lineage Cell Therapeutics Inc. publicized the opening of a novel research and development facility in California and the development of its GMP-compliant capability in Israel. Lineage’s novel facility in California will extend its R&D competences in the U.S. and support the expansion of present and future allogeneic cell transplant programs.

It is because of the growing prevalence of chronic and infectious diseases all over the world, the demand for multiplex assays is on the rise. This trend will also continue in the years to come as well.

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North America Foam Blowing Agents Market Will Reach USD 451.5 Million By 2030

In 2023, the North American foam-blowing agents market stands at a robust USD 305.8 million, with a projected compound annual growth rate (CAGR) of 5.8% anticipated during the period from 2024 to 2030. This substantial growth trajectory is expected to propel the market to reach an impressive USD 451.5 million by the year 2030.

Moreover, new applications in the healthcare market will aid in the growth of the sector. for instance, the FDA approved a new foaming agent for therapeutic gastrointestinal injuries in armed personnel by being injected into the abdomen. The needed pressure to halt the bleeding is molded by blowing agents. A recent study discovered that in the past few years, contemporary foaming tech aided in averting close to 91% of mortalities on the frontline.

Another major sector that utilizes foam-blowing agents is manufacturing, which endures to boom in the U.S. and Canada. Furthermore, the rising need for greater blowing agents to manufacture polymeric foams helps the sector grow. Apart from construction and building, the rising automotive & transportation, packaging, marine, furniture & bedding, electrical appliances, and packing sectors are driving the polymer foam market.

The foam category is segmented into polyurethane foam, polystyrene foam, phenolic foam, and polyolefin foam. The polyurethane foam category dominates the industry, and this dominance can be credited to the flexibility and distinctive properties linked with polyurethane foams.

In addition, in the field of use as roof or wall reinforcement for agriculture, home, and commercial buildings, there is a growing demand for PU foam blow agents. In this respect, the continuing growth of these sectors and the fact that building insulation is vital in a region as cold as it is has led to an increased market. It is only by good insulation that the desired temperature inside buildings may be maintained, and energy needs for heating are reduced.

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Automotive Filter Market Will Touch USD 15.5 Billion in 2030

The automotive filter market was USD 12.3 billion in 2023, which will increase to USD 15.5 billion, powering at a 3.4% compound annual growth rate, by 2030.

This is because of the rising health worries among individuals, coupled with the growing level of environmental pollution, surging vehicle production and ownership rate, and implementation of strict government laws for emission reduction.

In 2023, the passenger vehicles category, based on vehicle, accounted for the larger share, primarily because of the surging need for luxury automobiles. Luxury vehicles offer greater-quality filters for the HVAC systems as well as intake manifolds, for high comfort levels and enhanced automobile performance, respectively. 

The commercial vehicles category, on the other hand, was a significant contributor to the industry, primarily because of the increasing e-commerce activities all over the globe. The speedy urbanization has established new e-commerce and retail platforms, which demand effective logistics, therefore resulting in the progression of this category.

In 2023, APAC accounted for the largest share, of 45%. This can be because of the increasing disposable salary of the middle class, the rising urbanization rate, growing automotive production and sales, and the existence of an enormous youth populace in this region.

Moreover, the strong auto component and automotive manufacturing base, coupled with the stringent environmental policy to reduce emissions, boost the industry in China and India.

North America was the second-largest contributor to the industry. This can be primarily because of the surge in the count of industry players in this continent as well as the growing requirement for passenger and commercial vehicles.

With the increasing worries about health owing to vehicle exhaust and the strict environmental rules to reduce emissions, the automotive filter industry will continuously progress in the coming years.

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Automotive Ultrasonic Sensors Market Will Grow the Fastest in the APAC

The automotive ultrasonic sensors market will power at a compound annual growth rate of 5.1% by the end of this decade, to reach a value of USD 6,096.2 million in 2030. 

 APAC will be the fastest growing in the years to come as well. The region is observing extensive research and development activities in the autonomous vehicle field, driving the requirement for automotive ultrasonic sensors.

The continuing tech innovations in automotive sensors are trending in the years to come. The industry stalwarts are continuously innovating and updating their product offerings, thus catering to the mounting requirement for them in autonomous vehicles. 

For example, in September 2019, TDK Corp. introduced a novel series of ultrasonic sensor disks, on the basis of ceramics, which would help in park assistance, level measurement for fuel or SCR tanks, blind spot monitoring, and interior monitoring for anti-theft systems.

Semi-autonomous vehicles were the larger category in the past. This is for the reason that fully-autonomous automobiles, including level 4 and 5 autonomies, will be introduced in 2023 and 2025, correspondingly; therefore, in the past, only semi-autonomous vehicles were obtainable.

Commercial vehicles will have a faster growth in the years to come, in the automotive ultrasonic sensors market. The rising acceptance of these automobiles in the logistics sector, together with the projected implementation of autonomous features to improve the logistics activities, will drive the category growth.

Europe was the leader if the industry in the past. The increasing disposition of autonomous features in the automobiles, accompanied by the supportive governing policies executed by the government of more than a few countries, is the key contributor to the development of the industry. 

The prosperity of the market in this region is also boosted by the existence of some renowned automotive giants, for example BMW AG, Daimler AG, Chrysler Automobiles NV, Volkswagen AG, Fiat, and the Renault–Nissan– Mitsubishi Alliance.

 It is because of the increasing adoption of ADAS systems all over the world in vehicles, and the supportive regulations of the government for autonomous vehicle development, the demand for automotive ultrasonic sensors is on the rise. This trend will continue to grow in the years to come as well.

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Ablation Technology Market is Powered by the Increasing Healthcare Infrastructure

The size of the ablation technology market generated USD 5,313.2 million e in 2023, and it will power at a rate of 9% by the end of this decade, to touch USD 9,672.9 million by 2030.

To learn more about this report: https://bit.ly/4aHiQo7

This is credited to the surge in the case count of chronic ailments, for example heart ailments, cancer, and ophthalmologic, gynecological, and urological ailments. This leads to an increase in the requirement for effective surgical therapies, which, powers the ablation device volume.

The radiofrequency ablators category had the largest share, of 25%, in 2023, and it will power at a rate of 9.2% by the end of this decade. This is as a result of the growing use of RFA for the treatment of cancerous and benign tumors, chronic neck and back pain, chronic venous inadequacy in the legs, and numerous further conditions. RFA is also put to use for atrial fibrillation, in which the heartbeat is irregular.

North America ablation technology market was the leader of the industry in 2023, as a result of the expansions in the tech and increasing consciousness with regards to its usefulness for more than a few treatments.

The surge in the count of patients with chronic ailments is adding to the industry growth. Already, cancer is among the leading grounds of death in the region. Its mortality rate will rise to about 3 million by the end of 2040. Likewise, about 37.3 million individuals in the nation were found to have diabetes, and about 96 million grown-ups had prediabetes.

APAC is the fastest growing region, with a rate of 9.5%, by the end of this decade. This has a lot to do with the snowballing consciousness of minimally invasive methods, evolving healthcare systems, and mounting economies. 

For example, in October 2022, Fortis introduced a 200-bedded multi-specialty hospital in Greater Noida. The hospital will host numerous international patients too, which would contribute to the development of India’s medical tourism sector.

It is because of the increasing healthcare infra all over the world, the demand for ablation technology is on the rise. This trend will continue to grow in the years to come as well.

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ELISpot and FluoroSpot Assay Market is Powered by the Rising Elderly Population

The ELISpot and FluoroSpot assay market made USD 289.5 million revenue in 2023, and it will power at a compound annual growth rate of 7.9% by the end of this decade, to touch a total value of USD 490.8 million by 2030.

To learn more about this report: https://bit.ly/47ili1C

Some factors which are powering the industry are the increasing occurrence of chronic and communicable ailments at the global level, particularly HIV, and the growing elderly populace. ELISpot and FluoroSpot are diagnosis assays made for numerous diseases, for example infectious disease, cancer, and, autoimmune ailments.

Assay kits will have the largest share in the years to come as a result of the increasing incidence of infectious and chronic diseases, accompanied by the progression in assay kits. The ELISpot assay is also put to use for checking the efficiency of vaccines on immune mediators, for example, interferons, pro-inflammatory mediators, and interleukins.

North America leads the industry with a share, of 55%, in 2023. As per the U.S. Census Bureau, about 56 million adults aged 65 or more are in the U.S. and will be around 16.9% of the national populace. 

Further, there will be over 73 million older adults by the end of 2030, meaning over 1 in 5 people will be older. The total count of adults aged 65 and more will increase to 85.7 million by 2050 and account for around 22% of the overall populace of the nation.

It is because of the growing elderly population all over the world, the demand for ELISpot and FluoroSpot assays is on the rise. This trend will continue to grow in the years to come as well.

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Rising Air Pollution is Driving Compressed Air Filter and Dryer Market

The size of the compressed air filter and dryer market was USD 5,596.7 million in 2023, and it will power at a rate of rate of 5.8% by the end of this decade, to touch USD 8,350.1 million by 2030. This has a lot to do with the growing air pollution, rising consciousness among individuals with regards to the advantages of strict government guidelines, fast industrialization, and progressions in tech with regards to compressed air filters and dryers.

Furthermore, the air dryer is majorly used in the in the elimination and control of moisture in the air and offering pure, clean, and safe compressed air, which will endorse its evolution in demand in the years to come. 

Furthermore, this is because the tech is proceeding particularly in the automation and manufacturing sectors and the substantial development in the automotive industry. Also, the requirement is growing for effective and dependable systems associated with compressed air dryers and filters for improving competence, quality of the product, and productivity in the vehicle manufacturing.

It is because of the increasing urbanization and air pollution all over the world, the demand for compressed air filters and dryers is on the rise. This trend will continue in the years to come as well.

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Bio-Acrylic Acid Market Will Propel at a 15.8% CAGR

The bio-acrylic acid market was USD 457.8 million in 2023, which will increase to USD 1,275.7 million, advancing at a 15.8% CAGR, by 2030.

Thus, in the coming years, the industry will advance due to the extensive use of paints and coatings across different sectors. Furthermore, the need for environmentally friendly coatings is rising across different architectural, automotive, and industrial applications. 

The enduring recognition of acrylic acid as an element of such products has now opened the gates for its eco-friendly counterpart.

The superabsorbent polymers category, based on derivative, was a significant contributor, because of their capability to absorb a substantial quantity of aqueous solutions. This is the major reason behind their use in incontinence pads, diapers, controlled-release medications, absorbent medical dressings, and more.

The paints and coatings category, based on application, was the largest contributor to the bio-acrylic acid market. This is because of the numerous benefits of bio-acrylic acid in such products like enhancement in shelf life, texture, and consistency. 

APAC was the largest contributor to the industry, and it is likely to remain the largest throughout this decade, with USD 0.2 billion. This can be because of the rising industrial activities, which are, in turn, boosting the need for paints & coatings.

China led the industry in APAC, and it is likely to propel at a 16.2% CAGR, owing to the rising consciousness about personal hygiene, coupled with the increasing construction activities. 

Moreover, constant expansion is being observed in the automobile sector, which will boost the need for bio-acrylic acid as an important element of automotive coatings in the coming years.

With the surging need for sealants and adhesives, the bio-acrylic acid industry will continuously propel in the coming years.

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Cell Surface Marker Detection Industry is Led by North America

The total value of the cell surface marker detection market was USD 5,505.5 million in 2023, and it will touch USD 9,427.4 million by 2030, proceeding at a rate of 8.1 by the end of this decade. The industry is powered by the surge in the demand for precision medicine, increase in the acceptance of in vitro diagnostics, and tech progressions that enhance quantity and the rate of automation.

To learn more about this report: https://bit.ly/48GTZiF

The flow cytometry category had the leading share, of 35%, in 2023. This is mostly because this method can measure a large count of parameters in the same sample and collect info from millions of cells within a few seconds. Moreover, with this method, any non-consistency in an unvarying cell population is sensed, and it also eliminates all the dead cells or wreckage when offering the final data.

Cell surface markers are prevailing tools that aid in identifying high-risk patients precisely, enhancing the accuracy of the analysis, proceeding follow-up policies for people, approximating susceptibility to targeted therapy or immunotherapy, and prediction of prognostic results.

North America led the pack with a share of 55%, in 2023, credited to the increasing number of tech progressions, surging elderly populace, and growing occurrence of chronic ailments.

The U.S. is facing a demographic shift with the surge in the count of citizens aged 65 and more. This age group’s share in the total people will rise to approximately 24 % by 2060 from 15% in 2016. The ageing populace is more prone to chronic ailments, for example cardiac ailments, gastrointestinal issues, and cancer. Moreover, the U.S. ranks 5th in the age-standardized rates for all cancers.

Due to the increasing demand for precision medicines all over the globe, the demand for cell surface marker detection is on the rise.

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Growth of Elderly People is Responsible for the Self-Monitoring Blood Glucose Devices Market Expansion

The self-monitoring blood glucose devices market made USD 25.3 billion in 2023, and it will advance at a rate of 9.7% by the end of this decade to touch USD 48.2 billion by 2030.

The industry growth has a lot to do with the growing occurrence of diabetes, increasing populace of elderly people, tech progressions, booming consciousness of diabetes care, increasing count of obese people, and favorable health insurance and repayment scenario.

Self-sugar-measuring gadgets are used in the monitoring of type 1 and 2 diabetes, and a few other ailments. Amongst all applications, type 2 diabetes had the largest share, of more than 50%, in 2023.

Type 2 diabetes is a common lifestyle ailment that can cause key health problems, chiefly in the blood vessels of the eyes, kidneys, and the nerves. Some of the key problems of the ailment are diabetic retinopathy and diabetic nephropathy.

Tech progressions in SMBG gadgets is a key trend in the self-monitoring blood glucose devices market, as the use of new-age devices decreases the time taken to test sugar levels as opposed to the traditional approaches used in labs. Furthermore, most of these devices are moveable and suitable to carry.

The unparalleled aging rate observed in the worldwide populace is a key contributor to the diabetes occurrence, and elderly people represent one of the fastest-growing segments of the diabetic populace. In emerging nations, the increase in the occurrence of chronic non-infectious illnesses, such as diabetes, cancer, and heart ailment, hints at alterations in the lifestyles and diets, along with aging.

Nearly 80% of the world’s older people will be living in emerging regions by 2050. Also, the number of people aged 60 years or more in emerging regions will surge to 1.7 billion by 2050.

It is because of the increasing prevalence of diabetes all over the world, the requirement for self-monitoring blood glucose devices is on the rise3. This will continue in the years to come as well.

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Orthopedic Category Led the Medical X-Ray Film Processor Market

The medical X-ray film processor market will reach USD 1,238.5 million revenue by 2030, progressing at a rate of 3.2% by the end of this decade, rising considerably from USD 998.7 million in 2023. This is because of the increasing occurrence of cancer, orthopedic diseases, dental issues, and cardiac ailments, accompanied by the growing count of X-ray imaging procedures, mounting consciousness of early diagnosis, and growing healthcare spending.

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The fully automatic film processor led the industry with a share of 60%, in 2023, as a result of the high image eminence of these variants. Furthermore, as they need less processing time than the manual ones, additional films can be handled in a given period.

Also, the automated variant decreases the inconsistency in the film quality improved compared to manually processed films, since the solution temperature, processing time, and chemical replenishment are regulated automatically.

The orthopedic category had the largest medical X-ray film processor market share, on the basis of application. This is because of the widespread use of X-rays in numerous orthopedic practices to identify and monitor joint and bone conditions, for example dislocation, fractures, and arthritis. X-ray film processors are put to use for developing X-ray films required to produce diagnostic images, which aid healthcare specialists sense the condition and treat the patient consequently.

Therefore, the growing count of orthopedic cases will power the growth of the industry. For example, in the U.S., about 7 million orthopedic surgeries were done in 2021, which reflects a considerable volume of X-ray scans for diagnosis.

Stalwarts of the market have grown over the past by adding novel products to their portfolios and snowballing the occurrence of attainments and partnerships. In addition, these strategic associations and product introductions bring about a competitive edge.

For example, in March 2021, Fujifilm Corporation publicized that it has entered an arrangement with Hitachi Ltd. to obtain Hitachi’s diagnostic imaging business, so as to increase its healthcare business.

With the surge in the occurrence of chronic ailments and the increase in the elderly populace, the requirement for X-ray imaging procedures has increased in North America. Also, the industry is powered by the incidence of more than a few key players, obtainability of tech advanced products, and increasing consciousness of the early analysis of ailments. Furthermore, in the U.S., the count of hospitals is growing, with about 8,000 of these functioning as of 2023.

It is because of the rising incidence of cancer all over thew world, and increasing awareness of early diagnosis, the demand for medical X-ray film processor is on the rise. This trend will continue in the years to come as well.

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Software had a Considerable Share in the Patient Referral Management Software Industry

The size of the patient referral management software market was USD 9,598.3 million in 2023, and it will power at a rate of 17.9% by the end of this decade, to touch USD 30,221.2 million by 2030.

To learn more about this report: https://bit.ly/4aHv5kv

The increasing elderly populace across numerous nations, government initiatives to boost healthcare systems to accept IT solutions, and incessant tech expansions are some of the major reasons that can be credited for the growth of the industry.

Moreover, precision in scheduling actions, competence in data management, streamlining of everyday processes, and development in the access to medical amenities are some of the recompences of this kind of software that would let the industry to uphold momentum.

More than a few ailments are common in old age. An effective referral system can support in upholding the needed degree of communication and coordination amongst the numerous levels of the healthcare system, for example secondary-care hospitals, main-care or local hospitals, and tertiary-care facilities.

The patient referral management software market share of the cloud-based category will be the larger in the years to come. It can be credited to the rising recognition of cloud-based solutions because of their negligeable capital spending for data security, hardware setup, deterrence of the loss of info, and enhanced scalability of the storing capacity. Health records and further critical data can be managed and stored online more easily by using cloud-based solutions.

Eventually, cloud deployment offers improved flexibility and cost-efficiency as opposed to on-premises disposition. Applications, software, and tools can be effortlessly combined with the cloud system, and therefore, the requirement for cloud-based solutions will be on the rise in the future.

It is because of the growing elderly population all over the world, the requirement for patient referral management software is on the rise. This trend will continue to grow in the years to come as well.

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Hospitals are the Foremost Users of the Healthcare Equipment Rental

The total value of the healthcare equipment rental market was USD 59.1 billion in 2023, and it will power at a rate of 5.7% by the end of this decade, to touch USD 86.8 billion by 2030.

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The growth has a lot to do with the growing requirement for medical instruments and rising count of hospitals and clinics providing advanced care. Furthermore, the high rate of medical equipment and the tax reimbursements on renting it are contributing to the growth of the industry. The introduction of tech cutting-edge products, for example sling lifts, will power the healthcare equipment leasing actions further.

Durable medical equipment held a key share, of 35%, as it supports more and more use. The growing count of disabled and elderly individuals will power the requirement for mobility and other sorts of assistive instruments, which will contribute to the development of this category.

The homecare category will grow at a substantial rate in the years to come, credited to the thriving prevalence of numerous ailments, for example diabetes, which needs therapeutic devices, such as insulin pumps.

The increasing need for home healthcare devices and elderly care centers is among the most-significant drivers for the healthcare equipment rental market in this category. The category’s development is bolstered by the rising populace of the aging, which is particularly susceptible to diabetes and cardiac ailments.

North America is the leader of the pack, with USD 29.5 billion, in 2023. This is because of the high requirement for the cutting-edge products and the existence of numerous leasing service providers. Furthermore, the increasing device cost powers the spending on the acquisition of the state-of-the-art therapeutic apparatus, which can be resolved by renting the equipment.

Due to the growing demand for medical instruments all over the world, the demand for healthcare equipment rental is on the rise. This trend will continue in the years to come as well.

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Accelerometer Medical Sensors Industry Will Advance at a 14.4% CAGR

The accelerometer medical sensors market was USD 4,111.5 million in 2023, which will rise to USD 10,442.9 million, advancing at a 14.4% compound annual growth rate, by 2030.

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This growth is mainly driven by the rising need for nonstop monitoring of health; physiological sensors miniaturization; and enhanced functions, cost-effectiveness, and ease of operation of these devices.

Furthermore, this growth is also assisted by the surging populace with high disposable salaries, which suggests they can easily spend money on developed technologies.

The wearables category, on the basis of products, is the major contributor to the industry. This can be because it is employed for measuring different factors of health like blood pressure, heart rate, and carbon dioxide level. The measurement of such factors assists healthcare professionals as well as researchers in gaining responses and providing greater treatment.

The hospitals & clinics category, on the basis of end user, is the major contributor to the industry. This can be because of the speedy acceptance of developed technologies, easy treatment availability and affordability, the existence of experienced specialists in these healthcare facilities, and the large patient pool.

Furthermore, the existence of numerous hospitals and the rising healthcare spending in both developing and developed nations like China, the U.S., and the U.K., and various chronic illness-associated surgeries are conducted in hospitals, which boosts the expansion of this category.

The chronic illness & risk monitoring category, on the basis of application, is leading the accelerometer medical sensors market. This is primarily because of the rising occurrence of cancer, cardiovascular illnesses, and other illnesses. The key causes of these illnesses comprise smoking and tobacco consumption, unhealthy dietary habits, and obesity. 

Moreover, the wellness monitoring category will propel at the fastest compound annual growth rate in the years to come. This is primarily because of the monitoring or tracking of health care parameters in a digital setting using sensor-based devices, which assists in monitoring movement as well as intensity.

North America is the largest contributor to the industry, and it is likely to remain the largest, generating USD 1.8 billion in 2030. This can be mainly because of the well-established healthcare system, coupled with the high disposable salary in this continent.

APAC is likely to be a significant contributor to the industry in 2030. This will be mainly attributed to the increasing unhealthy lifestyle among people, the surging aging populace, the rising incidence of cardiovascular illnesses, and the growing acceptance of developed technologies.

It is because of the rise in awareness about health and fitness, the accelerometer medical sensors industry will continue to grow significantly in the years to come.

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