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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...

Global Carbon Nanomaterials Market is Projected to Reach $5.7 billion by 2030, Owing to Exceptional Properties and Versatile Applications Across wide Range of Industries

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Industry Experts, Inc., has released its latest report on Carbon Nanomaterials. According this new report, the global market for carbon nanomaterials is estimated to reach US$2.2 billion in 2024 and is expected to grow at a robust CAGR of 17.2% between 2024 and 2030, hitting approximately US$5.7 billion by 2030. Carbon nanomaterials represent a highly versatile and rapidly evolving class of materials, composed of carbon atoms organized into nanoscale structures. Thanks to their exceptional physical, chemical, and electrical properties, these materials are integral to a wide range of cutting-edge technologies. The carbon nanomaterials family includes carbon nanotubes (CNTs), graphene, fullerenes (such as C60), carbon foams, carbon quantum dots (CQDs), carbon nanofibers, and nanodiamonds, each offering distinct characteristics based on their atomic arrangements and dimensionality. Energy sector (mainly including energy storage batteries, supercapacitors, solar cells etc.)...

North America is the Largest Market Globally for Artificial Intelligence (AI) Hardware and Global Market to Reach US$77 Billion by 2030

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Industry Experts, Inc. unveiled the new market research report on AI Hardware Market . As per this report, the global market size for AI Hardware is estimated at US$25 billion in 2024 and is likely to register a 2024-2030 CAGR of 20.5% in reaching a projected US$76.7 billion by 2030. North America is the largest global market for AI Hardware with an estimated share of 34.2% in 2024. The region is home to major tech giants, such as NVIDIA, Intel, AMD, Apple, Google and IBM, which are prominent producers of AI hardware, such as GPUs and TPUs, in addition to investing heavily in research & development, thereby driving market growth. One of the major factors propelling demand for AI Hardware includes growing demand for AI applications. An increase in the use of AI across industries, such as healthcare (for diagnostics), automotive (for autonomous vehicles) and retail (for personalized suggestions) has been driving the demand for effective hardware that can support complex ...

Global Demand for Advanced Carbon Materials to Reach US$14B by 2030 Driven Primarily by Energy Applications such as Wind Blades, Energy Storage Batteries and Supercapacitors

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A new report from Industry Experts Inc, on " Advanced Carbon Materials Market ", reveals that the global demand for Advanced Carbon Materials is estimated at US$6.6 billion in 2024 and is projected to reach US$14.1 billion by 2030 at a CAGR of 13.6% between 2024 and 2030. The increasing need for lightweight, high-strength materials in the energy, automotive, and aerospace industries is bolstering the market. Developments in nanocarbon technologies, including graphene and carbon nanotubes, are instrumental in creating new prospects in the fields of energy, electronics, biomedical and other sectors. Apart from this, carbon nanotubes and graphene are being increasingly adopted in energy storage applications, such as lithium-ion batteries. Increased investments in research & development are striving towards making these materials more sustainable and lightweight as per the required criteria. Advanced Carbon Materials analyzed in this study include Carbon Fibers, C...

Advanced Technologies and Rising Incidence of Sleep Disorders Driving Demand for Sleeping Aids, Market Projected to Reach US$128 billion by 2030

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The latest version of the report from Industry Experts, Inc., on Sleeping Aids Market estimates that demand for the same is estimated at US$85.5 billion in 2024 and is likely to maintain a 2024-2030 CAGR of 6.9% in reaching a projected US$128.8 billion by 2030. The global sleeping aids market is experiencing steady growth, driven by the rising incidence of sleep disorders such as insomnia, sleep apnea, and restless leg syndrome. Increasing awareness of the significance of quality sleep for overall well-being, along with lifestyle-related stress, anxiety, and irregular routines, has resulted in increased demand for both pharmaceutical and non-pharmaceutical sleep solutions. The growing aging population and rising obesity rates, which both contribute to chronic sleep issues, further enhance the market’s progress. The mattresses & pillows segment dominates the sleeping aids market in 2024, accounting for 42.7% of the market share, owing to their essential role in delive...

Biometrics Global Market to Witness a Robust Growth of 15% through 2030 to Reach $100 billion

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Industry Experts, Inc. published the latest version its report on " Biometrics Market ". According to the analysts at Industry Experts, the global Biometrics market is estimated at US$43.9 billion in 2024 and projected to post a CAGR of 14.7% between 2024 and 2030 to reach US$100 billion in 2030. The global biometrics industry is witnessing robust growth driven by a rising need for secure and efficient authentication in the government, BFSI (Banking, Financial Services & Insurance), security, and consumer electronics sectors. Innovations in artificial intelligence (AI), integration with the Internet of Things (IoT), and the shift towards contactless and digital identity verification are propelling this adoption. Biometric technologies including fingerprint scanning, facial recognition, iris recognition, and voice authentication, are increasingly popular for their potential to improve security and user experience. The widespread adoption of mobile devices, sm...

Renal Dialysis Equipment market size is projected to reach US$28 billion by 2030 at a CAGR of 5.5% during 2024-2030

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The latest version of the report from Industry Experts, Inc., on " Renal Dialysis Equipment Market ," is released. According to this global market research report, the Renal Dialysis Equipment market size is estimated at US$20 billion in 2024 and is projected to reach US$28 billion by 2030 at a CAGR of 5.5% between the two years. The Renal Dialysis Equipment market growth is propelled by the increasing incidence of chronic kidney disease (CKD) and end-stage renal disease (ESRD), primarily caused by diabetes, hypertension, and aging populations. Unhealthy lifestyles and increased obesity rates further contribute to the rise in kidney-related disorders, increasing demand for essential dialysis treatments. Technological advancements, such as portable and home-based dialysis machines, improve patient comfort, reduce hospital visits, and lower infection risks. The shift towards home dialysis provides flexibility, leads to better treatment results, and enhances the qua...

Global Advanced Drug Delivery Systems (ADDS) Market is Anticipated to Touch $395 billion by 2030

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The latest version of the report from Industry Experts Inc, on " Advanced Drug Delivery Systems (ADDS) Market ," is introduced. According to this global market research report, estimated at US$277 billion in 2024, the global ADDS market size is projected to reach above US$395 billion by 2030, growing at a CAGR of 6.1% between 2024 and 2030. The Advanced Drug Delivery Systems (ADDS) market is growing significantly due to the increasing incidence of chronic diseases, technological advancements, and the rising demand for personalized medicine. ADDS enhance drug release, boost bioavailability, and facilitate targeted delivery, leading to improved therapeutic results while reducing side effects. The role of nanotechnology is crucial, as nanoparticles allow for accurate drug delivery for illnesses such as cancer and cardiovascular and neurological disorders. Biologics and gene therapies create new treatment options using viral vectors and lipid nanoparticles, particula...

Increasing Geriatric Population and Rise in Orthopedic Conditions Drive the Demand for Orthopedic Implants to Reach $32 billion by 2030

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A new report from Industry Experts Inc, on " Orthopedic Implants Market ," reveals that the global orthopedic implants market size is estimated at US$25.3 million in 2024 and is expected to record a CAGR of 4.2% during the 2024-2030 analysis period and stand at a projected US$32.4 million by 2030. The orthopedic implants market is experiencing significant growth, driven by the increasing global geriatric population, which is contributing to a rise in orthopedic conditions like osteoarthritis, osteoporosis, and musculoskeletal disorders. As the aging population in developed regions expands, the demand for joint replacement surgeries, particularly for hips, knees, and shoulders, is increasing. Additionally, the growing preference for minimally invasive surgeries, which offer shorter recovery times and fewer complications, is further fueling market expansion. The Reconstructive Joint Implants segment is the largest market in orthopedic implants, capturing a 46.9% s...

Stringent Government Policies and Safeguarding Workplaces Fueling Demand for Gas Detection Equipment

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Industry Experts, Inc. introduced the latest version of its latest report on Gas Detection Equipment Market . As per this report, the market size for gas detection equipment is estimated at US$5 billion in 2024 and projected to reach US$8 billion by 2030 at a 2024-2030 CAGR of 8.7%. Some of the factors instrumental in driving demand for Gas Detection Equipment include strict policies regarding workplace and residential safety, growth in awareness concerning occupational health hazards and innovation in device technology. The imposition of stringent standards by a number of global regulatory agencies for maintaining air quality and safety in workplaces, especially in sectors dealing with flammable and toxic substances, has necessitated using advanced gas detection systems. To take this forward, the use of innovative technologies, such as enhanced sensor technologies and wireless & IoT-enabled devices, have revolutionized the functioning of gas detection equipment and e...

Increasing Demand for Metals and Minerals Propelling Demand for Mining Equipment, Global Market to Touch $230 billion by 2030

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Industry Experts, Inc., published the latest version of its report on Mining Equipment Market . This new global market research report reveals that the demand for mining equipment is estimated at US$154 billion in 2024 and projected to reach US$230 billion by 2030 at a 2024-2030 CAGR of 6.9%. Some of the factors instrumental in driving demand for Mining Equipment include emerging economies engaging in increasing mining operations, technological developments and a growing global need for metals and minerals, apart from coal. The problem in accessing resource deposits and decline in ore grades has led to a rise in the demand for high-performance, specialized mining equipment, which can overcome these challenges. Aging machinery needs to be replaced with more efficient and eco-friendly equipment, further contributing to market demand. Automation and remote monitoring are being increasingly adopted for mining, owing to which advanced equipment is much sought after. The major ...

Asia-Pacific to Drive Demand for Radiopharmaceuticals as the Global Market is Projected to Reach $12 billion by 2030

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The latest version of the report from Industry Experts Inc, on " Radiopharmaceuticals market ," is released. According to this market research report, the global Radiopharmaceuticals market size is estimated at US$6.8 billion in 2024 and projected to post a CAGR of 10.3% between 2024 and 2030 to reach US$12.2 billion in 2030. The radiopharmaceuticals market is witnessing significant growth, fueled by an increase in the prevalence of cancer and cardiovascular diseases, advancements in imaging technology, and a transition toward personalized medicine. These substances enable accurate diagnoses and targeted treatments, minimizing damage to healthy tissues. Support from government entities, increased investment in research and development, and favorable regulatory approvals are driving innovation and helping resolve supply chain challenges associated with short-lived radioisotopes. North America leads the global radiopharmaceuticals market with an estimated 42.6% ...

Global Influenza Vaccines and Therapeutics Demand is Anticipated to Surpass $12 billion by 2030, Mainly Driven by Seasonal Flu Outbreaks and Gov Immunization Programs

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The latest version of the report from Industry Experts Inc, on “ Influenza Market ,” is unveiled. According to this new market research report, the global Influenza market size is estimated at US$9.6 billion in 2024 and expected to register a CAGR of 4.5% between 2024 and 2030 to reach US$12.4 billion in 2030. The influenza market is driven by global health initiatives, seasonal outbreaks of flu, and the need for preventive healthcare, leading to a steady demand for vaccines and antiviral treatments. Government immunization programs, increasing awareness, and ongoing R&D investments in vaccine innovation and pandemic preparedness are major market growth factors. Advancements in vaccine technology, such as recombinant and cell-based formulations, have improved the effectiveness and availability of vaccine agents. In 2024, the oseltamivir phosphate segment led the market with a 47.4% share thanks to its strong effectiveness, broad activity against influenza A & B,...

Advancements in AI, Machine Learning, and Cloud Computing Drive Global Bioinformatics Market Towards $33 Billion by 2030

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A new report by Industry Experts, Inc. on " Bioinformatics Market " is published. The global Bioinformatics market size is estimated at US$15.1 billion in 2024 and is projected to grow to US$32.8 billion by 2030, with a CAGR of 13.8% during the forecast period 2024-2030. The bioinformatics market is driven by advancements in next-generation sequencing (NGS), artificial intelligence (AI), and big data analytics, enhancing data processing capabilities and storage. The increasing focus on precision medicine is driving the demand for bioinformatics in clinical research and drug development. A rise in public and private funding is fueling advancements in genomics research, biomarker identification, and personalized therapy. Pharmaceutical and biotechnology companies integrate bioinformatics to improve drug development processes and optimize clinical trials. Applications in agriculture and environmental sciences, such as crop genome editing and biodiversity monitori...

Public and Private Funding Fuels the Demand for Metabolomics Global Market to Reach $6.3 billion by 2030

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The latest version of the report from Industry Experts, Inc., on " Metabolomics Market ", is published. As per this report, the global market for Metabolomics is estimated at US$3.1 billion in 2024 and is projected to reach US$6.3 billion by 2030, growing at a CAGR of 12.6%. Metabolomics market is witnessing rapid growth, fueled by significant funding from government and private sectors in research and development, alongside ongoing technological progress in analytical methods such as mass spectrometry (MS) and nuclear magnetic resonance (NMR) spectroscopy. The rising incidence of chronic illnesses, such as cancer, diabetes, cardiovascular, and neurological disorders, is driving demand for metabolomics. Metabolomics plays a crucial role in biomarker identification, enabling early disease detection and facilitating personalized treatment approaches. The efficacy biomarkers segment is anticipated to witness the fastest growth rate with a CAGR of 14.9% from 2024 to ...

Rapid Urbanization and Infrastructure Development Drives the Geosynthetics Global Market to Reach $27.6 billion by 2030

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Industry Experts, Inc., published its latest version of the report on the Geosynthetics Market . The new report reveals that the demand for Geosynthetics is estimated at US$17.7 billion in 2024 and projected to reach US$27.6 billion by 2030 at a CAGR of 7.7% between the two years. Some of the factors instrumental in driving demand for Geosynthetics include infrastructure development in emerging economies, rapid urbanization and government investments in transportation, housing & energy, need to comply with stricter policies on waste management, water conservation & erosion control in the areas of landfill containment & protection of water resources and lower construction costs & extended lifetime of structures. Asia-Pacific stands out as the leading global market size for Geosynthetics , estimated to account for a share of 44.8% in 2024, and is also likely to emerge as the fastest growing at a forecast CAGR of 9% during 2024-2030. Massive investments in tran...