Latest Market Research Report 2025

  Fitness Tracker Industry Overview The global fitness tracker market size to be valued at USD 138.7 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 18.9% during the forecast period.    The market growth is extensively attributed to the rising health & fitness awareness, growing penetration of the internet & smartphones, and increased consumer disposable income levels. The awareness regarding fitness and health is growing especially in the younger adults and working-class population, who are the target customers for fitness trackers. Moreover, the Covid-19 pandemic has significantly increased awareness about these devices. The rising adoption has led to an increase in device development & innovation as more market players race in to deliver the growing demand and capture a higher market share.   Gather more insights about the market drivers, restrains and growth of the Global Fitness Tracker Market   For ins...

  Thermostatic Faucet Industry Overview The global thermostatic faucet market size was valued at USD 7,676.42 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.29% from 2021 to 2028.   The rise in consumer spending and an increasing number of home renovation projects are propelling the demand for thermostatic faucets. On the other hand, the pandemic has led to disruptions in the supply chain leading to reduced product demand. Strict social distancing measures and restrictions on travel have impacted consumer spending and are anticipated to continue for some time. The pandemic has resulted in developers and manufacturers adopting numerous strategies to acquire steady growth over the forecast period.   Gather more insights about the market drivers, restrains and growth of the Global Thermostatic Faucet Market   The growing residential sector coupled with demand for technologically advanced faucets and changing consum...

  Membrane Oxygenators Industry Overview The global membrane oxygenators market size was valued at USD 118.8 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 1.5% from 2021 to 2028.   The increasing prevalence of respiratory and cardiovascular diseases, growing number of extracorporeal membrane oxygenator centers, rising adoption of membrane oxygenators as a bridge to lung transplantation are some of the major factors augmenting the market growth. In addition, training and conferences programs to increase awareness, technological advancements are anticipated to foster market growth. Membrane oxygenators were actively used in severe COVID-19 cases in the first two waves of the pandemic. The applications of membrane oxygenators are expanding rapidly.    Membrane oxygenators are useful in providing required oxygen to a patient’s tissues. Some of the heart disorders in which membrane oxygenators are used are acute myocardial infar...

  Intraoral Cameras Industry Overview The global intraoral cameras market size was valued at over USD 1.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.9% from 2021 to 2028.   The increasing prevalence of dental caries is anticipated to drive the market. Furthermore, technological advancements in this field are anticipated to further boost the market growth. Traditional intraoral camera occupied space and was difficult to operate. Furthermore, the device was also expensive, costing around USD 40,000 per unit system. However, technological advancements in this field have led to the introduction of small and lightweight devices, which are easy to operate and relatively inexpensive (costing nearly USD 5,000). These benefits of technologically advanced devices are anticipated to boost the market growth.   Gather more insights about the market drivers, restrains and growth of the Global Intraoral Cameras Market   The incre...

  Spatial OMICS Industry Overview The global spatial OMICS market size was valued at USD 225.81 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.00% from 2021 to 2028.   Understanding cells and their nucleic acid content in their morphological context is critical for establishing a link between disease and genome architecture, thus boosting the interest of translational researchers in spatial OMICS and associated technologies. The extensive research for understanding the COVID-19 infection has turned the attention to the application of spatial transcriptomic and other omics studies.   For instance, in October 2020, a group of researchers from the Massachusetts General Hospital used spatial transcriptomics technology for analyzing the autopsy specimens obtained from around 24 COVID-19 patients to understand the SARS-CoV-2 infection. Gather more insights about the market drivers, restrains and growth of the Global Spatial OMICS ...

  Biotechnology Reagents & Kits Industry Overview The global biotechnology reagents & kits market size was valued at USD 337.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 16.5% from 2021 to 2028. Increasing R&D expenditure by biotechnology companies, expanding applications of molecular biology, technological advancements in the field of biotechnology, and growing demand for synthetic biology are key driving factors for the growth of this market. The development of numerous diagnostic tests for COVID-19 has further driven market growth. Novel research has suggested the use of a flow cytometry-based method for COVID-19 testing. Researchers have also used the technique to explore the types of T cells involved in COVID-19 immune responses. This has resulted in high demand for flow cytometry reagents & kits, thereby augmenting the market growth.   Gather more insights about the market drivers, restrains and growth of the ...

  COVID-19 Antigen Test Industry Overview The global COVID-19 antigen test market size was valued at USD 5.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2027. The COVID-19 antigen tests are gaining traction in the current scenario, as it is easy to use, patient-friendly, and has a shorter test-to result timeline. Timeline and scalability challenges pertaining to SARS-CoV-2 PCR testing are the primary factors that are increasing the uptake of antigen-based test approaches in turn driving the growth of the market. The emergence of COVID-19 variants in the U.K., South Africa, and Brazil, which are found to be more transmissible than the original strain, intensified the need for rapid tests. Rising concern over the spread and frequency of these variants is expected to fuel the demand for widespread testing. Owing to this, the market for COVID-19 antigen tests is expected to witness lucrative growth in the near future.  ...

  COVID-19 Vaccine Development Tools Industry Overview The global COVID-19 vaccine development tools market size was valued at USD 16.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2028. The market is expected to maintain its momentum in the coming future, attributive to the heavy influx of vaccine developers and manufacturers across the globe. Despite the speedy development and rollout of vaccines, the SARS-CoV-2 infection curve has just begun to plateau, particularly in the developed countries.   Additionally, variants of SARS-COV-2 have emerged in 2020 that demand re-testing of the immunization efficacy of first-generation vaccines, while current efforts are still being targeted towards finding the best manner of vaccine rollout that addresses the unprecedented vaccination programs implemented globally. Life sciences industries are focusing on developing long-term recovery for the SARS-COV-2 infection, which has ...

  Hydrogel-based Drug Delivery System Industry Overview The global hydrogel-based drug delivery system market size was valued at USD 5.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028.   Hydrogels are three-dimensional polymeric networks capable of imbibing small to large drug molecules (NSAID, proteins, peptide), therefore being extensively used in drug delivery applications. The biocompatibility and biodegradable properties coupled with a controlled release profile make hydrogel a potential drug delivery system. A large number of studies assessing the development of COVID-19 vaccine using hydrogels highlight the future applications of hydrogel-based drug delivery systems.   The high drug loading capacity combined with advantages such as controlled release and targeted delivery are some of the key factors expected to contribute to the growth of the market for hydrogel-based drug delivery systems. Formulati...

  Data Labeling Solution And Services Industry Overview The global data labeling solution and services market size was valued at USD 6.65 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 23.5% from 2021 to 2028.   Data labeling tools enable users to enhance data value by adding attribute tags. Data labeling is a practice of recognizing raw data (images, text, videos, etc.) and adding one or more relevant and informative labels to offer context. Machine learning is incorporated in various industries, including robots and drones, automated picture organization of visual websites, and facial recognition on social networking websites powered by data collection. Data labeling solutions and services are gaining traction in the automotive business, particularly for self-driving vehicles. A self-driving vehicle has a variety of sensors and networking devices that let the computer drive the vehicle.   Gather more insights about the market d...

  North America And Australia Silica Industry Overview The North America and Australia silica market size was valued at USD 7.18 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2021 to 2028. Increasing investments in the oil & gas industry coupled with the rising use of foundry sand are propelling the market growth. For instance, in November 2021, Australia approved a USD 12 billion LNG investment where Woodside Petroleum will supply LNG for at least 20 years. Such investments are anticipated to propel market growth as commercial silica is widely used in the oil & gas industry due to its chemical composition, inertness, hardness, purity, and resistance to high temperatures. In 2020, the U.S. was ranked as the world’s leading producer and consumer of industrial sand and gravel. Gather more insights about the market drivers, restrains and growth of the North America And Australia Silica Market   Its high demand is attri...

  Europe Molded Pulp Packaging Industry Overview The Europe molded pulp packaging market size was valued at USD 924.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2020 to 2028.   Rising demand for sustainable products for the packaging of eggs, fruits, and other fresh produce in Europe is expected to fuel the growth of the market. Eggs are packaged in molded pulp trays and clamshells, which are then sold to restaurants, foodservice operators, and individual consumers. Per capita, egg consumption has been increasing on a yearly basis in Europe on account of the health benefits and increasing demand for protein-rich food in Europe. The egg packaging is therefore expected to be one of the major factors augmenting the market growth.   Gather more insights about the market drivers, restrains and growth of the Europe Molded Pulp Packaging Market   Wood-based molded pulp packaging held the largest revenue share in th...

  Surgical Display Industry Overview The global surgical display market size was valued at USD 655.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 0.9% from 2021 to 2028. Growing digitalization in the overall healthcare industry coupled with technological advancements is anticipated to boost market growth. Furthermore, a rising number of surgeries is also anticipated to fuel market growth during the projected period.   Gather more insights about the market drivers, restrains and growth of the Global Surgical Display Market   During the COVID-19 pandemic, market players experienced negative growth in their revenues. For instance, Barco reported a 1.9% decline in its healthcare revenue. This was majorly in the second half of 2020. On the other hand, Eizo Global reported a stable supply of its products and services throughout the pandemic. It also maintained its operations at all of its 7 production sites globally, as of July 2020...

  Fermented Tea Industry Overview The global fermented tea market size was valued at USD 3.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.8% from 2021 to 2028.   Rising awareness towards gut health and improvement of immunity levels, rise in disposable income, and inclination towards organic products are expected to drive the market. Additionally, the pandemic has accelerated the demand for immunity-boosting products. Also, consumers are preferring sparkling drinks as a substitute over alcohol as it provides a similar amount of tartness. In 2020, Kombucha Brewers International (KBI) released code practices for kombucha manufacturers to create transparency among consumers.    Gather more insights about the market drivers, restrains and growth of the Global Fermented Tea Market   Companies in the industry are increasing their production abilities by expanding their product line and partnering with retail...

  Preservatives Industry Overview The global preservatives market size was valued at USD 5.43 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2028.   Increasing demand for long-lasting food products coupled with concerns about quality and safety in pharmaceutical and cosmetic products have contributed to the demand for preservatives. Rapid urbanization and an increasing number of working individuals across the globe are driving the demand for convenience foods. This demand has triggered the food processing companies to add preservatives to their products to extend the shelf life without compromising on the quality, thereby augmenting the market growth.   Gather more insights about the market drivers, restrains and growth of the Global Preservatives Market   Rising demand for cosmetics coupled with the growing aging population is primary factors contributing to the product demand. With cosmetic manufacture...

  Asia Pacific Vapor Deposition Equipment Industry Overview The Asia Pacific vapor deposition equipment market size was estimated at USD 11.98 billion in 2020 and is anticipated to grow at a compounded annual growth rate (CAGR) of 6.4% from 2021 to 2028. Rising demand for high-quality thin films on solid materials in various applications, such as microelectronics, solar products, medical devices, and cutting tools, among others, drive the market. During the COVID-19 pandemic, various electronics, cutting tools, and solar products manufacturing companies were shut resulting in hampering the demand for vapor deposition equipment. However, as the world has started returning to normalcy from the beginning of 2021, due to vaccine rollouts, the demand for vapor deposition is expected to witness growth.   Gather more insights about the market drivers, restrains and growth of the Asia Pacific Vapor Deposition Equipment Market   The COVID-19 pandemic is anticipated to have ...

  Swine Vaccines Industry Overview The global swine vaccines market size was valued at USD 1.45 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. Swine production is a key component of global food security, agricultural countries, and local & international business. Contagious diseases impact pig health and stability and productivity of the swine industry globally. Thus, the rising prevalence of diseases in swine is estimated to drive the market over the forecast years. Porcine Parvovirus (PPV) is a reproductive disease present in most pig farms globally. Porcine Reproductive and Respiratory Syndrome (PRRS) remains to be a highly prevalent disease in pig farms affecting economic losses through its adverse effects on reproduction and growth as well as by clinical illness.   Thus, it led to continuous innovation in the market to meet customer demand. For instance, in October 2019, Boehringer Ingelheim gained author...