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Showing posts from September, 2024

Use of Antimony in Lead Acid Batteries, Flame Retardants Propelling Demand, Projected to Reach US$3.5 billion by 2030

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Industry Experts, Inc., has released its latest report on " Antinomy ", which projects the demand for this semi-metallic element to reach in excess of US$3.5 billion by 2030 from an estimated US$2.5 billion in 2024 at a CAGR of 6.2% between the two years. Some of the factors instrumental in driving demand for Antimony include its widespread use in flame retardants (in pentoxide & trioxide compound forms) and as an alloying agent with lead in lead acid batteries to increase the strength, corrosion resistance and castability of battery grids. The primary applications of flame retardants include protecting construction materials, plastics, textiles and electrical & electronic components against fire hazards. Asia-Pacific leads the demand for Antimony on a global basis and is also anticipated to be the fastest growing region. China’s dominance as the number one producer and consumer of Antimony has remained unchallenged for some time now and would continue i...

Antisense and RNAi Therapeutics Market Expected to Witness Robust Growth, Owing to Focused R&D in Rare Diseases Like ATTR Amyloidosis and SMA

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A new report from Industry Experts Inc, on " Antisense and RNAi Therapeutics ", discloses that the global market for Antisense and RNAi Therapeutics is estimated at US$5.4 billion in 2024 and is anticipated to post a CAGR of 17.8% during the 2024-2030 analysis period and stand at a projected US$14.4 billion by 2030. The antisense and RNAi therapeutics market growth is primarily driven by advancements in drug delivery technologies, like lipid nanoparticles and conjugate systems, which improve the stability and cellular uptake of RNA-based drugs. Additionally, the increasing occurrence of chronic and genetic diseases, along with the ability of these therapies to target disease-specific genes, has spurred the demand. The Antisense RNA segment is the largest market, with an estimated share of 64.1% in 2024, driven by its application in cardiovascular, respiratory, neurodegenerative, and genetic disorders.  Its precision in regulating gene and protein expression enha...

Alzheimer's Drugs Market to Grow Rapidly by about 10% CAGR During 2024-2030 and Touch $5 billion by 2030

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A new report from Industry Experts Inc, on " Alzheimer’s Drugs ", is introduced. According to this study, global market for Alzheimer’s Drugs will likely maintain a robust CAGR of 9.9% during the 2024-2030 analysis period and reach a projected US$9.2 billion by 2030 from an estimated US$5.2 billion in 2024. The rising prevalence of Alzheimer's disease, driven mainly by the aging population, is leading to the expansion of the Alzheimer's drugs market. With the increase in life expectancy, especially in developed countries, there is a growing number of people at risk for Alzheimer's disease, leading to a larger group of potential patients. Innovations in drug development, such as medications aimed at the root cause of illnesses, combined with increased awareness and early diagnoses, further drive this market growth. North America leads the Alzheimer's drugs market with an estimated share of 38.9% in 2024, driven by a high prevalence of the disease, ...

Marine and Wastewater Management Applications Lead the Demand for Geotextile Tubes to Reach $8 billion by 2030

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A new report from Industry Experts Inc, on " Geotextile Tubes ", is unveiled. This market research study reveals that the global market for Geotextile Tubes is estimated at US$4.7 billion in 2024 and is projected to reach in excess of US$8 billion by 2030 at a CAGR of 9.5% between 2024 and 2030. The demand for Geotextile Tubes over the analysis period are being driven by various factors, the major ones of which include growing awareness regarding the significance of geotextile tubes in preventing coastal soil erosion, greater demand in emerging economies, wider application of geotextile tubes in marine & wastewater treatment applications and government legislation aimed at ecological conservation. The Marine & Hydraulics sector leads the global market for Geotextile Tubes in terms of size, as well as growth, since protecting coastal areas and rejuvenating beach areas are vital concerns that can be addressed by using these innovative products. Advances in...

Blow Molding Machines Demand to Grow Steadily and Reach $6.3 billion by 2030

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A new report from Industry Experts Inc, on " Blow Molding Machines ", is unveiled. According to this global market research report, the market for Blow Molding Machines is estimated at US$4.9 billion in 2024 and is likely to log a 2024-2030 CAGR of 4.4% in reaching a projected US$6.3 billion by 2030. The worldwide demand for Blow Molding Machines is poised to post a steady growth over the analysis period owing to several reasons, including advantages of bulk production & low labor costs, flexibility of materials & minimal waste generation, increasing demand for plastic packaging, lightweight packaging, increasing focus towards eco-friendly products, government initiatives & regulations, customized packaging solutions & end-users, such as food & beverages, healthcare, cosmetics and automotive having high demand for Blow Molding Machines in manufacturing their products. Polyethylene (PE) is estimated to be the most widely used raw material for...

Increasing Industries with Hazardous Environment and Stringent Gov Regulatory Driving the Demand for Hazardous Area Equipment to Reach $12 billion by 2030

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A new report from Industry Experts Inc, on " Hazardous Area Equipment ", is published. This report reveals that the reveals that the market for Hazardous Area Equipment is anticipated to register a CAGR of 6.2% between 2024 and 2030 in standing at a projected US$16.9 billion by 2030 from an estimated US$11.8 billion in 2024. The worldwide demand for Hazardous Area Equipment is expected to maintain a robust growth over the analysis period owing to several reasons. These include implementation of stringent government regulatory safety measures in hazardous industrial environments to enable smooth functioning of operations & occupational safety of employees, adopting connected lighting solutions from traditional lighting systems for conserving energy and cost-effectiveness, technological advancements in manufacturing these devices for enhanced safety & efficiency and increasing number of industries with hazardous environment needing preventive equipment. As...

Global Medical Tubing Demand is Anticipated to Reach $21 billion by 2030

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A new report from Industry Experts Inc, on " Medical Tubing ", reveals that the market for Medical Tubing is estimated at US$13.2 billion in 2024 and is expected to record a CAGR of 7.7% during the 2024-2030 analysis period and stand at a projected US$20.6 billion by 2030. The global medical tubing market is significantly driven by the rising demand for minimally invasive medical procedures, which are preferred for their lower costs, faster recovery, and shorter hospital stays than conventional surgeries. The increasing incidence of chronic illnesses like arthritis, cancer, and cardiovascular diseases, which frequently require complex surgeries, has enhanced the demand for these treatments Single-lumen tubing holds the largest market share at 32.9% in 2024 due to its versatility and wide use in medical procedures like catheters, intravenous sets, and respiratory tubes. Nevertheless, multi-lumen tubing is projected to record the fastest CAGR of 8.8% during the 20...

Sleep Apnea Devices Market to Grow Robustly through 2030 and Reach $13.6 billion

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A new report from Industry Experts Inc, on " Sleep Apnea Devices ", reveals that the global Sleep Apnea Devices market is estimated at US$8.8 billion in 2024 and is expected to record a CAGR of 7.6% during the 2024-2030 analysis period and stand at a projected US$13.6 billion by 2030. The Sleep Apnea Devices market growth is driven by increased investments by leading companies that have stimulated advancements in sleep apnea equipment, resulting in improved comfort and effectiveness of CPAP machines and diagnostic instruments. The increasing incidence of obstructive sleep apnea caused by sedentary lifestyles, poor sleep patterns, stress, and obesity has resulted in more diagnoses and treatments, which in turn promotes market expansion. The polysomnography (PSG) devices segment is the largest market, holding a 27.8% share in 2024 within the sleep apnea diagnostic devices market due to their advanced technological capabilities and specialized functions that provid...

Intraocular Lens (IOL) Global Demand is Projected to Reach $6.5 billion by 2030, Owing to Increasing Prevalence of Screen Times and Eye Conditions

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A new report from Industry Experts Inc, on " Intraocular Lens (IOL) ", is released. According to this new global market research report, Intraocular Lens (IOL) market is estimated at US$4.6 billion in 2024 and is expected to record a CAGR of 5.9% during the 2024-2030 analysis period and stand at a projected US$6.5 billion by 2030. The intraocular lens (IOL) market growth is driven by various factors, such as the increasing prevalence of eye conditions like cataracts and diabetic retinopathy, frequently associated with diabetes, and increased screen usage. Advancements in technology, like multifocal and toric lenses, enhance visual results further boosting the market demand. The rise in minimally invasive cataract surgeries, government efforts, and better healthcare infrastructure, particularly in emerging countries, also helps drive market growth. In 2024, North America, led by the United States, dominates the market with an estimated 36.5% share. This dominance...

Increasing Aging Population and Prevalence of Chronic Diseases Leads Demand for Active Pharmaceutical Ingredients (API) Global Market to Reach $345 billion by 2030

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A new report from Industry Experts Inc, on " Active Pharmaceutical Ingredients (API) ", is published. According to this new global market research report, Active Pharmaceutical Ingredients (API) market is estimated at US$240.8 billion in 2024 and is expected to record a CAGR of 6.2% during the 2024-2030 analysis period and stand at a projected US$345.5 billion by 2030. The Active Pharmaceutical Ingredients (API) market is primarily driven by the rising incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer. With the aging global population and increasing health issues related to lifestyle, there is a greater demand for effective medications, making APIs essential in drug development. The growing availability of healthcare and increased awareness in developing countries further boost the demand for affordable treatment options like biologics and biosimilars. In 2024, synthetic APIs dominate the market with a share of 71.9% due to hi...

Environmental Concerns and Rising Demand for Renewable Energy to Drive Biofuel Enzymes Market Growth

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Industry Experts Inc introduced a new report on " Biofuel Enzymes ". As per this new global market research report, the global Biofuel Enzymes market is estimated at US$1.6 billion in 2024 and is expected to record a CAGR of 7.6% during the 2024-2030 analysis period and stand at a projected US$2.5 billion by 2030. The growth of the Biofuel Enzymes market is driven by the rising demand for renewable energy and advancements in enzyme technology. Biofuels derived from crops and waste materials offer a sustainable alternative to fossil fuels and help reduce greenhouse gas emissions. Government support, regulatory incentives, and environmental concerns drive market growth, while enzyme technology advancements increase production efficiency and feedstock diversity. Based on the application, Biodiesel leads the biofuel enzymes market with an estimated share of 33% in 2024. This dominance is driven by its compatibility with existing engine specifications and increasing d...

Growing Prevalence of Obesity Worldwide Driving the Demand for Bariatric Surgery Devices

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A new report from Industry Experts Inc, on " Bariatric Surgery Devices ", reveals that the global Bariatric Surgery Devices market is estimated at US$2 billion in 2024 and is expected to record a CAGR of 6.4% during the 2024-2030 analysis period and stand at a projected US$2.9 billion by 2030. The Bariatric Surgery Devices market's growth is driven by several key factors. A major driving force is the increasing acceptance of bariatric surgery, fueled by its effectiveness in enhancing the physical appearance and health outcomes of obese individuals. The growing prevalence of obesity, linked to sedentary lifestyles, poor eating habits, and related comorbidities like cardiovascular disease and diabetes, is also fueling demand. Technological advancements, including minimally invasive procedures, AI, robotics, and non-invasive techniques, have made surgeries safer and more efficient, expanding patient eligibility. North America holds the largest market share of 36...

Medical Adhesive Tapes Demand is Expected to Reach $14 billion by 2030

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A new report from Industry Experts Inc, on " Medical Adhesive Tapes ", reveals that the global market for Medical Adhesive Tapes is estimated at US$9.8 billion in 2024 and is anticipated to register a CAGR of 6.3% during the 2024-2030 analysis period and stand at a projected US$14.2 billion by 2030. The Medical Adhesive Tapes market is driven by rising demand from chronic diseases, increasing hospital admissions, and an aging population. Advancements in tape technology, expanding home healthcare, and the growth of medical tourism further fuel market expansion. Additionally, higher investment in wound care management, increased surgical procedures, and heightened awareness of proper wound care drive market growth. Emerging markets with improving healthcare infrastructure and a shift towards eco-friendly products are key growth opportunities in this sector. Based on resin type, the acrylic segment led the medical adhesive tapes market in 2024 with an estimated 41.9...

Reagents Accounts Almost Half of Global Clinical Chemistry Analyzers Market while Analyzers Drive Global Market to Reach $19 billion by 2030

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A new report from Industry Experts Inc, on " Clinical Chemistry Analyzers ", is introduced. According to this report, the global Clinical Chemistry Analyzers market is estimated at US$14.5 billion in 2024 and is expected to record a CAGR of 4.9% during the 2024-2030 analysis period and stand at a projected US$19.3 billion by 2030. The clinical chemistry analyzers market growth is driven by the rising prevalence of chronic conditions such as diabetes, cardiovascular diseases, and kidney disorders, which increase patient visits and diagnostic procedures, thereby boosting demand for these analyzers. Technological advancements like automation, enhanced resolution, and AI integration have improved the capabilities of these analyzers, enabling early disease detection and efficient testing. These innovations enhance accuracy, decrease processing times, and manage large sample quantities, leading to higher demand and market expansion. The Hospitals segment is the larges...

Increasing Prevalence of Chronic Diseases and Aging Population Drives Blood Collection Devices Market to Touch $17 billion by 2030

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A new report from Industry Experts Inc, on " Blood Collection Devices ", reveals that the global Blood Collection Devices market is estimated at US$11.7 billion in 2024 and is expected to record a CAGR of 6.6% during the 2024-2030 analysis period and stand at a projected US$17.2 billion by 2030. The rising incidence of chronic illnesses, such as diabetes and heart disease, and an aging population that requires frequent blood tests are key drivers of the blood collection market. Technological advancements, like safety-engineered devices and micro-collection systems, are expanding market opportunities. Additionally, the increase in accidents and trauma cases requiring urgent medical care, along with heightened awareness and efforts to promote blood donations is further boosting demand for blood collection equipment, especially in blood banks and donation centers. The blood collection market is segmented into manual and automated methods. The manual segment leads th...

The Global Biodefense Market is Projected to Reach $30 billion by 2030

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Industry Experts Inc introduced a new report on " Biodefense ". As per this new global market research report, the global biodefense market is estimated at US$18.2 billion in 2024 and is anticipated to register a CAGR of 8.6% during the 2024-2030 analysis period and stand at a projected US$29.9 billion by 2030. The 3D cell culture market is driven by advancements in regenerative medicine, enabling the creation of tissue structures that mimic natural environments and support deeper investigation into tissue regeneration and engineering. The adoption of 3D cell culture technologies is increasing for more accurate drug discovery, disease modeling, and personalized medicine, driven by the rising prevalence of chronic diseases like cancer and diabetes. Investments from government and NGOs combined with a move towards ethical research practices that minimize animal testing, further drive 3D cell culture market growth. The Biodefense market is driven by technological a...

Asia-Pacific to Witness Robust 16% Growth During 2024-2030 to Drive Demand for Global 3D Cell Culture Market

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Industry Experts Inc released a new report on " 3D Cell Culture ". According to this new global market research report, the global market for 3D Cell Culture is estimated at US$1.9 billion in 2024 and is expected to record a CAGR of 14.5% during the 2024-2030 analysis period and stand at a projected US$4.3 billion by 2030. The 3D cell culture market is driven by advancements in regenerative medicine, enabling the creation of tissue structures that mimic natural environments and support deeper investigation into tissue regeneration and engineering. The adoption of 3D cell culture technologies is increasing for more accurate drug discovery, disease modeling, and personalized medicine, driven by the rising prevalence of chronic diseases like cancer and diabetes. Investments from government and NGOs combined with a move towards ethical research practices that minimize animal testing, further drive 3D cell culture market growth. In 2024, North America dominates the g...

Specialty Enzymes Global Market to Rise to $9 billion by 2030, Due to Preferred Properties Like Low Toxicity, Efficacy and Environmental Advantages

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A new report from Industry Experts Inc, on " Specialty Enzymes ", reveals that the global market for Specialty Enzymes is estimated at US$5.9 billion in 2024 and is anticipated to register a CAGR of 7.4% during the 2024-2030 analysis period and stand at a projected US$9 billion by 2030. The specialty enzymes market is driven by increased investments in cell and gene-based therapies, advancements in enzyme engineering and bio-catalysis, and the wider use of nanozymes in regenerative medicine and diagnostics. Biocatalysts are preferred for their minimal toxicity, environmental advantages, and efficacy. Moreover, the rising incidence of metabolic disorders and chronic diseases, along with an emphasis on sustainable procedures and personalized medicine, continues to propel market expansion. Based on the source, the microorganisms' segment is the largest market, which is projected to hold a share of approximately 76% in 2024 and is anticipated to record the faste...

Increasing Prevalence of Chronic Diseases Bolster the Demand for Computed Tomography (CT) Scanners to Reach $10.6 billion by 2030

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A new report from Industry Experts Inc, on " Computed Tomography (CT) Scanners ", reveals that the global market for Computed Tomography (CT) Scanners is estimated at US$7.4 billion in 2024 and is expected to record a CAGR of 6.2% during the 2024-2030 analysis period and stand at a projected US$10.6 billion by 2030. The Computed Tomography (CT) Scanners market is driven by the increasing prevalence of chronic diseases like cancer, cardiovascular disorders, and diabetes, necessitating precise diagnostic tools. An aging population further boosts the demand for frequent and accurate imaging. Technological advancements, such as higher resolution imaging and portable scanners, improve diagnostic accuracy and patient safety. Expanding healthcare infrastructure in emerging markets, supported by government investments, also drives growth. The Mid Slice CT scanners remain the largest market segment, holding an estimated share of 33.5% in 2024. These scanners offer a blen...

Growing Consumers of Intensive Workouts Drive the Demand for Pre-Workout Supplements to Reach $27 billion by 2030

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A new report from Industry Experts Inc on " Pre-Workout Supplements ", is released. The demand for Pre-Workout Supplements is estimated at US$16.3 billion in 2024 and is anticipated to record a 2024-2030 CAGR of 8.6% in reaching a projected US$26.7 billion by 2030. The global market for Pre-Workout Supplements is likely to clock a robust growth over the analysis period, the primary factors for which include rising demand for these supplements to improve physical performance, enhanced knowledge on the merits of protein consumption, increase in the number of fitness centers and growing number of consumers engaging in intensive workouts. Athletes & Bodybuilders lead the demand for these supplements, owing to factors, such as predetermined goals of fitness achievement, improving body composition and gaining lean physiques. However, the demand for Pre-Workout Supplements from Casual Users is likely to post faster growth because of greater awareness about the need...

Environmental Testing Market Poised to Increase to $18 billion by 2030, Owing to Uncontrolled Industrial Activity and Contamination of Soil & Water

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A new report from Industry Experts Inc on " Environmental Testing ", is published. The new global market research report reveals that the worldwide demand for Environmental Testing is expected to clock a CAGR of 7.9% between 2024 and 2030 and reach a projected US$18 billion by 2030 from an estimated US$11.4 billion in 2024. Environmental Testing has become an essential feature in maintaining sustainable ecological balance, the major growth drivers for which include increasing soil and water contamination, uncontrolled industrial activity, regulatory authorities striking down hard on environment polluters, healthy demand for rapid testing and compact, economical & rapid water analysis instruments that enhance scope of testing. While North America and Europe together form the leading global markets for Environmental Testing, Asia-Pacific is expected to the fastest growing. The main reasons for this include greater environmental pollution in this rapidly indust...

Nutraceutical Excipients Global Market is Projected to Reach $6.4 Million by 2030

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A new report from Industry Experts Inc, on " Nutraceutical Excipients ", reveals that the global market for Nutraceutical Excipients is projected to reach US$6.4 billion by 2030 from an estimated US$4.2 billion in 2024 at a CAGR of 7.5% between 2024 and 2030. The global market for Nutraceutical Excipients is slated to register a healthy growth over the analysis period owing to several reasons, which include developments in nanotechnology & drug delivery systems that resolve issues with medication toxicity, growing demand for fortified food items, consumers becoming more health conscious, increased awareness on preventive healthcare, prevalence of chronic diseases, greater disposable income, inadequate nutrition due to sedentary lifestyles, maintaining health & structure of the body and need to boost digestion, gut health, immunity, nutrition absorption & minimize the risk of allergies. Binders are expected to account for the largest market over the a...

The Worldwide Demand for Oryzenin is Poised to Grow by 13.5% During 2024-2030 and Reach $574 Million By 2030

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A new report from Industry Experts Inc on " Oryzenin " , is introduced. According to this global market research report, the global market for Oryzenin is poised to post a very strong CAGR of 13.5% during the 2024-2030 analysis period and reach a projected US$573.6 million by 2030 from an estimated US$268 million in 2024. The worldwide Oryzenin demand is poised to post a robust growth over the analysis period owing to several reasons, including increasing acceptance for plant-based products as substitutes for dairy & meat, growing popularity among sports nutrition applications, potential health benefits due to hypoallergenic qualities, increase in the vegan & vegetarian population, clean-label products and adoption of nanotechnology for innovations in food applications. On the basis of form, Dry Oryzenin is largest as well as fastest growing segment in the global Oryzenin market during the analysis period. The key reasons include its usage in various ap...

In Addition to Mitigate Increasing Energy Prices, Cost-Effectiveness, Durability and Low Maintenance Boost the Demand for Energy Efficient Motors in the Coming Years

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A new report from Industry Experts Inc on " Energy Efficient Motors ", is unveiled. According to this global market research report, the global market for Energy Efficient Motors is estimated at US$45.6 billion in 2024 and is anticipated to post a CAGR of 8.6% during the 2024-2030 analysis period and stand at a projected US$74.9 billion by 2030. The worldwide demand for Energy Efficient Motors is expected to clock a robust growth over the analysis period owing to several reasons, including government policies promoting the use of such motors, frequently increasing energy prices requiring their wider use, growing awareness about environmental degradation caused by traditional motors and their greater effectiveness than conventional motors.  These motors enable companies achieve sustainable goals by reducing carbon footprints. IE4 Super Premium accounts for the largest global market share for Energy Efficient Motors, owing to growing awareness of environmental su...

Despite Several Challenging Conditions, Demand for Lipid Nutrition to Increase to $24 billion by 2030

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A new report from Industry Experts Inc, on " Lipid Nutrition ", reveals that the global demand for Lipid Nutrition (Nutritional Lipids) is estimated at US$14.3 billion in 2024 and is expected to exhibit a 2024-2030 CAGR of 8.8% in reaching a projected US$23.8 billion by 2030. The worldwide demand for Lipid Nutrition is poised to post a robust growth over the analysis period owing to several reasons, including the rise in obesity and cardiovascular disease incidence, increasing knowledge of nutritious and practical foods that enhances the gut health & muscle growth, growth of the nutraceutical sector, growing need for infant formula and rising population of aged. Global Nutritional Lipids market is estimated to be dominated by North America geographically, owing to existing well-established health and wellness products, high degree of consumer health consciousness, a thriving dietary supplement sector, an increasing demand for functional foods especially Omega...

Cannabidiol (CBD) Nutraceuticals Global Demand to Touch $29 billion by 2030

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A new report from Industry Experts Inc, on " Cannabidiol (CBD) Nutraceuticals " , is published. According to this global market research report, the global market for Cannabidiol (CBD) Nutraceuticals is anticipated to post a CAGR of 20% during the 2024-2030 analysis period and reach a projected US$29.1 billion by 2030 from an estimated US$9.7 billion in 2024. Worldwide, the market for CBD Nutraceuticals is poised to record an above-average growth over the analysis period, the crucial reasons for which are Increase in demand for plant-based foods, growing awareness concerning benefits of CBD nutraceuticals, innovative products in the pipeline and CBD nutraceuticals in capsule & softgel forms undergoing further advancements. CBD Nutraceuticals are procurable using Offline and Online distribution channels, among which the former corners the larger share and is also expected maintain a faster growth over the analysis period. Offline channels of distribution compr...