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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More