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Showing posts from August, 2024

Dairy Alternatives Market size is expected to reach USD 66.91 billion by 2030

  Dairy Alternatives Industry Overview The global dairy alternatives market size was valued at USD 29.18 billion in 2023 and is anticipated to grow at a CAGR of 12.6% from 2024 to 2030. The market is gaining momentum and witnessing high demand due to changing consumer eating patterns and diet trends. Rising cases of milk allergies and lactose intolerance are expected to increase demand for dairy alternatives in the coming years. Over 60% of the world's population has some level of milk allergy, according to the World Health Organization. More than 30 million American adults are lactose intolerant. Primary lactose intolerance seems to have a genetic component, with high intolerance levels in specific populations: About 95% of Asians, 60-80% of African Americans and Ashkenazi Jews, 80-100% of American Indians, and 50-80% of Hispanics. Lactose intolerance is least common among people of northern European origin, with a prevalence of only about 2%. Many food and beverage prod...

Flight Simulator Market size is expected to reach USD 7.19 billion by 2030

  Flight Simulator  Industry Overview The global flight simulator market size was valued at USD 5.18 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The benefits offered by flight simulator devices include mission-critical training programs that ensure effective aircraft operation, low operational costs, and visual systems. These benefits offer near real-world experience and are anticipated to create new growth avenues for market growth over the next few years. Rising demand for better and more effective pilot training is anticipated to catapult growth. The growing importance of aircraft safety and the need for substantial training is anticipated to spur demand over the forecast period. The need for flight handling and safety operations, such as situational awareness and skill competency, promotes industry growth. The industry is witnessing unprecedented R&D efforts in aerospace technology and technolog...

Structural Heart Devices Market size is expected to reach USD 12.8 billion by 2030

  Structural Heart Devices  Industry Overview   The global structural heart devices market size was valued at USD 6.33 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030.   The high prevalence of target diseases is the key driver of the market. Almost 60 million people in the U.S. have structural defects in their hearts. This accounts for around 20-25% of the country’s adult population. This indicates the huge scope of these devices in addressing structural heart defects. Structural heart disease (SHD) treatment includes a wide category of percutaneous treatments for patients with both acquired heart disease and congenital heart disease (CHD) that pertain to functional and structural abnormalities of cardiac chambers, proximal great vessels, and heart valves.   Gather more insights about the market drivers, restrains and growth of the   Structural Heart Devices Market The reimburs...

Grow Light Market size is anticipated to reach USD 14.31 billion by 2030

  Grow Light Industry Overview The global grow light market size was valued at USD 4.23 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Growing urban cultivation, vertical farming and growing adoption of environment-friendly production of fruits and vegetables is boosting the growth of the market. The unprecedented growth of the global population has also increased the demand for urban agriculture. Furthermore, the practice of vertical farming for producing food in a vertically stacked-layer such as a used warehouse, skyscraper, or shipping container is boosting the market growth. Gather more insights about the market drivers, restrains and growth of the   Grow Light Market Grow light helps in extending the hours of the natural daylight which further increases the health, growth rate, and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasm...

Orthopedic Braces And Supports Market size is expected to reach USD 7.01 billion by 2030

  Orthopedic Braces And Supports Industry Overview The global orthopedic braces and supports market size was estimated at USD 4.44 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2030. Increasing technological advancements, rising number of sports and accident-related injuries, increasing geriatric population and growing public awareness of preventive care are key drivers in the orthopedic braces and support market. These factors contribute to developing innovative products and solutions for better patient outcomes. For instance, according to the Population Reference Bureau, population in the U.S. aged 65 and above is projected to rise from 58 million in 2022 to 82 million by 2050. Gather more insights about the market drivers, restrains and growth of the   Orthopedic Braces And Supports Market Additionally, the rising prevalence of chronic and acute conditions, such as arthritis and sports injuries, furt...

Medical Simulation Market size is expected to reach a value of USD 7.49 billion by 2030

  Medical Simulation Industry Overview The global medical simulation market size was estimated at USD 2.18 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2023 to 2030. Growing technological advancements, preference for minimally invasive treatment, and focus on patient safety are the factors anticipated to boost the market growth. The COVID-19 pandemic has negatively impacted various market players. Canadian Aviation Electronics, Ltd reported that medical and nursing schools are a major part of the simulation products market. This has negatively impacted their ability in completing contracts and also in delivering existing orders. Gather more insights about the market drivers, restrains and growth of the   Medical Simulation Market COVID-19 began to hamper the demand in Asia early in the fourth quarter of the financial year 2020, with border restrictions in place, and in North America and Europe, later in Mar...