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Showing posts from December, 2024

U.S. IT Services Market: Trends, Innovations, and Growth Forecast

  The   U.S. IT services market   size was valued at USD 405.7 billion in 2023 and is projected to grow at a CAGR of 7.9% from 2024 to 2030. The penetration of big data analytics, artificial intelligence, the Internet of Things (IoT), and   machine learning   (ML) has brought a paradigm shift in the business landscape. Besides, the surging demand for robust cybersecurity solutions amidst privacy protection concerns has encouraged stakeholders to inject funds into IT services. Incumbent companies are likely to innovate and capitalize on technology advancements and data availability. American consumers have exhibited a notable trend for cloud-based solutions and software-as-a-service (SaaS). Businesses have sought advanced services to foster automation and streamline the supply chain. The use of business intelligence and cloud technologies has become pronounced across the U.S. Digital tools have gained ground to foster cost savings, gain insights in...

U.S. Hair Dryer Market: Trends, Innovations, and Growth Outlook

  The   U.S. hair dryer market   size was estimated at USD 2.24 billion in 2023 and is expected to grow at a CAGR of 5.4% from 2024 to 2030. Rising standards of living and augmented prominence on physical appearance is among the key factors boosting the market growth. Changing fashion trends in hair care as well as in styling, paired with surging hair styling trends displayed in cinema and on fashion runways, are substantially affecting the sales of hair dryers positively in the U.S., across all age groups.  Growing number of professional salons in the U.S. is anticipated to be the prime cause that will drive the sales of hair dryers in the upcoming period. In addition, increasing cognizance regarding personal grooming is thrusting the demand for such dryers. Pioneering salon chains are making hefty investments to boost their customer base, and numerous salons are inclining towards professional hair appliances, comprising hair dryers. Therefore, the growing...

Workplace Drug Testing in the U.S.: Market Dynamics and Emerging Trends

  The  U.S. employer and workplace drug testing market  size is anticipated to reach USD 3.47 billion by 2030, growing at a CAGR 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Regulatory compliance is a significant driver for market growth. Federal regulations, such as those from the Department of Transportation (DOT) and the Substance Abuse and Mental Health Services Administration (SAMHSA), mandate testing for safety-sensitive roles to ensure workplace safety and mitigate liability risks. These regulations enforce testing across industries, especially those involving heavy machinery or transportation. In 2020, the American Public Health Association further emphasized the importance of drug testing by advocating for comprehensive strategies to address Opioid Use Disorder (OUD) and overdose risks in occupational settings. Their recommendations included strengthening injury prevention programs, addressing ergonomic risks, providing opioid mi...

U.S. Continuous Renal Replacement Therapy Market: Trends, Growth, and Forecasts

  The  U.S. continuous renal replacement therapy market  size is expected to reach USD 957.2 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.1% from 2021 to 2028. The U.S. market is expected to grow owing to the growing number of ICU patients with Acute Kidney Injury (AKI), along with the increasing incidence of sepsis. Moreover, COVID-19 has positively impacted the market growth. In addition, the presence of well-established key players in the country focusing on developing and commercializing technologically advanced devices and initiatives undertaken by the government to increase the awareness about continuous renal replacement therapy (CRRT) is expected to boost the market growth during the forecast period.   The increasing prevalence of fluid overload, which frequently occurs in AKI patients in critical care units, is a key factor boosting the demand for CRRT devices. Moreover, the FDA has implement...

U.S. Cell Separation Market: Trends, Growth Drivers, and Forecasts

  The  U.S. cell separation market   size was estimated at USD 3.30 billion in 2023 and is expected to grow CAGR of 7.7% from 2024 to 2030. Cell separation plays a crucial role in different applications such as in-vitro diagnostics, biologics designing and development, therapeutic protein production, and other research applications. Increasing prevalence of chronic diseases, such as cancer, and extensive R&D activities by key companies to develop novel cell & gene therapies are expected to fuel the demand for cell separation solutions. As per the American Cancer Society’s estimates, in 2021, around 1.9 million new cases of cancer were estimated to be diagnosed in the U.S., with over 608,570 cancer-related deaths. Biologics is recognized as the fourth major method to treat cancer efficiently. Furthermore, biologics play a key role in the development of precision medicines. The U.S. has seen significant growth in biologics in recent years. It has exported 6,355...

U.S. Barite Market: Trends, Demand, and Growth Outlook

  The  U.S. barite market   size was estimated at USD 513.6 million in 2023 and is expected to grow at a CAGR of 5.3% from 2024 to 2030. The market is primarily driven by the increasing offshore oil and gas drilling activities. Barite is added to the fluid used for drilling oil and natural gas wells to increase its density. The U.S. oil & gas industry is one of the largest markets for barite. A steady rise in tight oil production has played a pivotal role in driving market growth. According to the U.S. Energy Information Administration (EIA), U.S. crude oil production was at a record high of 13.3 million barrels per day (b/d) in December 2023. However, it is projected to experience a slight dip in the middle of 2024 and will surpass the December 2023 record by February 2025. Barite is a versatile mineral that has several important uses in the healthcare industry. Barite is widely used as a radiopaque agent in diagnostic medical tests including X-rays and CT scans...

U.S. Aerial Work Platform Market: Trends, Growth Drivers, and Future Outlook

  The  U.S. aerial work platform market  size is expected to reach USD 9.18 billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from the construction and agriculture industry for aerial work platforms (AWP) owing to their benefits, such as easy access to elevated work sites and the ability to perform efficiently on even and uneven ground, is an important factor expected to drive the growth of the market. Likewise, mining companies are heavily deploying scissor lift at work sites as they provide maximum reach capabilities. Thus, the wide applicability of aerial work platforms at mining locations to access tunnels, shafts, and other hard-to-reach spaces is another factor expected to support the market growth from the mining industry.   The increasing establishment of new warehouses, modern large supermarkets, and distribution centers and their approach towards multi-layer stack...

Topical Dispenser Market: Trends, Growth, and Future Outlook

  The global  topical dispenser market   size was valued at USD 418.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027. The growth of this market is attributed to increasing cases of skin disease and growing aging population. Moreover, accurate dispensing technique of the topical dispensers is likely to boost the market growth during forecast period. Topical dispensers offer easy access to medication with safe use and add value to drug products. The global market for dermatology drugs beats 21 billion in 2015. About 25% of total healthcare spending is for dermatological conditions that require topical therapies, such as skin cancer, psoriasis, and dermatitis. Technologies advancement and the availability of new products are the factors responsible for growth in this market. Major factors responsible for the growth of topical dispenser market are increasing prevalence of psoriasis and rising aging populatio...

Thiamine Market: Trends, Growth Drivers, and Forecasts

  The global  thiamine market  size is expected to reach USD 549.9 million by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.9% from 2022 to 2030. The market is majorly driven by the increasing usage of the product in energy metabolism and the development and growth of functional cells. The future growth of the product is dependent on the awareness among people regarding the deficiency of thiamine in the human body. This has resulted in causing problems for the manufacturers to capture the market and the customers. This deficiency in the human body causes short-term memory loss, weight loss, and other mental signs.   Thiamine is also known as Vitamin B1. It is a colorless compound that is soluble in water and insoluble in alcohol. It plays a crucial role in intracellular glucose metabolism and in converting carbohydrates and fats into energy. It is also important in maintaining normal growth and development. In addit...