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Showing posts from April, 2025

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...

Global Mining Chemicals Market to Reach $16.5 billion by 2030 - Industry Experts, Inc. Market Research

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Industry Experts, Inc., released its latest version of the report on Mining Chemicals Market . According to this new global market research report, demand for mining chemicals is estimated at US$11.8 billion in 2024 and projected to reach US$16.5 billion by 2030 at a 2024-2030 CAGR of 5.8%. Some of the factors instrumental in driving demand for Mining Chemicals include growing demand for metals & minerals, expansion of mining activities, especially in emerging economies, technological innovations in mining techniques, such as hydrometallurgy and bioleaching, environmental regulations & sustainability initiatives, fluctuations in commodity prices, urbanization & infrastructure development and energy transition & a shift to electric vehicles. With an estimated 2024 share of 23.6%, Grinding Aids form the largest category within the overall Mining Chemicals market. These chemicals primarily find application in enhancing the efficiency of the grinding process ...

Cloud Migrations and Heavy Digital Transformations in Emerging Markets to Drive the Global Application Management Services (AMS) Market to Witness the Robust Growth through 2030

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Industry Experts, Inc. introduced the new market research report entitled " Global Application Management Services (AMS) Market – Service Types, Deployment Types, Company Types and Industry Sectors ". According this report, the global market for AMS is estimated at US$40.6 billion and forecast to be US$48 billion in 2025 and further projected to grow by a CAGR of 18% between 2024 and 2030 to reach US$113.4 billion by 2030. North America dominates the global market with a share of 30% in 2024 while Asia-Pacific is anticipated to grow robustly with a CAGR of ~22% during the same period to surpass North America in 2026 and become the largest market and will attain a share of 33% by 2030. The demand for Application Management Services (AMS) is being driven by a number of factors, which are making businesses restructure their techniques of application management. With more and more companies migrating their applications to the cloud because of scalability, flexibilit...

Bolstered by High Demand from Applications in Wind Energy and Pressure Vessels Sectors, Global Market for Carbon Fibers to Reach 274K Metric Tons by 2030

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Industry Experts, Inc. released its latest version of the report on " Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) ", which projects the demand for carbon fiber to reach $8.5 billion (274K metric tons) by 2030, from an estimated $4.4 billion in 2024 at a CAGR of 11.6% between the two years. Carbon fiber reinforced plastics market was estimated at US$28 billion in 2024 and expected to grow by a CAGR of 11.4% during the same analysis period and reach US$54 billion by 2030. The lightweight properties of Carbon Fibers play a pivotal role in reducing carbon dioxide (CO2) emissions across the lifecycle of products, addressing critical global environmental challenges. This advantage has driven their growing adoption in key industries, including wind energy, aerospace, automotive, and pressure vessels. The Carbon Fibers & Carbon Fiber Reinforced Plastics (CFRP) market faced a significant downturn in 2020 due to the COVID-19 pandemic, which disrupted maj...