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Increasing Demand for Lightweight Parts and Components Fueling Global Market for Powder Metallurgy to Reach $37 billion by 2030

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Industry Experts, Inc., published the latest version of its latest report on Powder Metallurgy Market . According to this new report, the global demand for Powder Metallurgy is estimated at US$22.8 billion in 2024 and projected to reach US$37.2 billion by 2030 at a 2024-2030 CAGR of 8.5%. Some of the factors instrumental in driving demand for Powder Metallurgy include increasing vehicle production & a discernable shift towards electric vehicles (EVs), demand for lightweight, high-strength components in the aerospace & defense sector, unmet need for customized medical implants & dental components, increasing demand for consumer electronics and growth in renewable energy & oil & gas exploration activities. Asia-Pacific, in addition to being the leading global market for Powder Metallurgy with an estimated share of 40% in 2024, is also poised be the fastest growing at a 2024-2030 CAGR of 11.3%. The region's robust industrial base is a major contribut...

North America Leads the Market for Blood Glucose Monitoring (BGM) Devices while Asia-Pacific is Expected to Grow Faster during 2024-2030

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Industry Experts, Inc introduced the latest version of the report on Blood Glucose Monitoring (BGM) Devices . According to this new report, Global Blood Glucose Monitoring (BGM) Devices market size is estimated at US$15.9 billion in 2024 and is projected to reach US$25.3 billion by 2030 at a CAGR of 8.1% between 2024 and 2030. The global blood glucose monitoring (BGM) devices market is witnessing significant growth attributed to the increasing prevalence of diabetes, an aging demographic, and rising demand for preventive healthcare. As diabetes emerges as a serious public health concern, there is a growing need for accurate, real-time glucose monitoring to prevent complications and support effective disease management. Self-monitoring blood glucose (SMBG) devices and continuous blood glucose monitoring (CBGM) systems are pivotal to this trend, equipping patients and healthcare professionals with timely data and insights. Technological innovations such as smartphone connec...

Global Market for Endoscopy Devices is Anticipated to Grow by 7% through 2030 and Reach $89 billion

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Industry Experts, Inc., unveiled the latest version of its report on Endoscopy Devices Market . The report reveals that the global endoscopy devices market is valued at US$58.8 billion in 2024 and is projected to grow at a CAGR of 7.1% from 2024 to 2030, reaching US$88.8 billion by 2030. The global endoscopy devices market is experiencing rapid growth driven by aging populations, increased prevalence of chronic diseases, and technology breakthroughs. Innovations such as wireless capsule endoscopes, robotic-assisted endoscopes, 3D visualization, and high-definition imaging reduce infection risks, improve patient outcomes, and increase diagnostic accuracy. The growing trend towards minimally invasive procedures, which provide quicker recovery times and fewer complications, is driving demand in this market. The endoscope segment led the endoscopy devices market by product, accounting for a 37.9% share in 2024, due to rising endoscopic procedures and preference for flexible,...

Demand for Biopsy Devices is Driven by Several Factors including Advancements in Technologies, Healthcare Investment, Favorable Reimbursement Policies and Aging Population

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Industry Experts, Inc published the latest version of the report on the Biopsy Devices Market. As per this study, the global Biopsy Devices market is estimated at US$2.5 billion in 2024 and projected to post a CAGR of 6.5% between 2024 and 2030 to reach US$3.6 billion in 2030. The global biopsy device market is primarily driven by the increasing prevalence of cancer, such as breast, lung, and prostate cancers, which require prompt and precise diagnosis. Growing awareness about routine cancer screening and rising patient preference for minimally invasive procedures have fueled demand for advanced biopsy technologies such as image-guided, vacuum-assisted, and liquid biopsy systems. Technological advancements such as the adoption of artificial intelligence (AI), robotics, and imaging techniques like MRI, CT, and ultrasound are improving biopsy procedures by increasing accuracy, streamlining workflows, and enhancing patient comfort. The hospitals and clinics segment repres...

Growing Incidence of Infectious and Chronic Diseases Fueling the Demand for Rapid Medical Diagnostic Kits (RDKs) Reach $44 billion by 2030

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Industry Experts, Inc released the latest version of the report on Rapid Medical Diagnostic Kits (RDKs). According to this new report, Rapid Medical Diagnostic Kits global market is estimated at US$26.4 billion in 2024 and projected to post a CAGR of 8.8% between 2024 and 2030 to reach US$43.7 billion in 2030. The growth of the global rapid medical diagnostic kits market is fueled by the increasing incidence of infectious and chronic diseases such as HIV, tuberculosis, hepatitis, and diabetes, which is significantly increasing demand for early and accurate diagnosis. Public health programs and government initiatives are promoting early disease detection, while regulatory approvals for point-of-care and home-based diagnostic kits are accelerating the adoption of rapid diagnostic kits. Technological advancements, particularly in lateral flow assays, AI-integrated testing solutions, and smartphone-enabled diagnostics, have improved accuracy, affordability, and accessibility...

Global Industrial Abrasives Demand to Reach $67 billion - Industry Experts, Inc.

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Industry Experts, Inc., released the latest version of its report on Industrial Abrasives Market . The study reveals that the demand for Industrial Abrasives is estimated at US$49.2 billion in 2024 and projected to reach US$67 billion by 2030 at a 2024-2030 CAGR of 5.3%. Some of the factors instrumental in driving demand for Industrial Abrasives include rising demand from end-use industries, technological advancements, automation and robotics integration, focus on sustainability and customization & specialization. Among the various applications where Industrial Abrasives are used, Grinding is the largest, with an estimated 2024 share of 38.9%, the major reasons for which are its versatility and high demand for precision in industrial production. Grinding finds extensive use in metalworking, automotive (engine components & gears), aerospace (turbine blades) and machinery manufacturing and involves material removal with abrasive wheels, belts or discs for achieving...

Stringent Fire Safety Regulations Propelling Demand for Flame Retardant Chemicals to Reach $14.4 billion by 2030

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Industry Experts, Inc., has introduced the latest version of its report on Flame Retardant Chemicals Market . The global demand for Flame Retardant Chemicals is estimated at US$9.7 billion in 2024 and projected to reach US$14.4 billion by 2030 at a 2024-2030 CAGR of 6.8%, the report reveals. Some of the factors instrumental in driving demand for Flame Retardant Chemicals include stringent fire safety standards mandated by governments across various sectors, greater consumer awareness about the potential risks and harmful consequences of fires, globalization & international trade, rapid urbanization in emerging economies and the vast number of end-use sectors where these compounds are widely used. With an estimated share of 42.6% in 2024, Asia-Pacific is the largest global market for Flame Retardant Chemicals, which is also anticipated to clock the fastest 2024-2030 CAGR of 9.2%. The region has emerged as an industrial and manufacturing hub, with countries, such as Chi...