As per a recent market analysis by Future Market Insights, the global drug of abuse testing market is projected to top US$ 1.5 Bn in 2021, expanding at over 5% CAGR over the forecast period. Growth can be attributed to the increasing opioid dependence in the geriatric population as a result of high dosage prescription opioid use for pain management. Chronic …
Monthly Archives: July 2023
Exploring the Ion Exchange Resins Market: Estimated Worth of US$ 2399.1 Million by 2032, Growing at a 4.9% CAGR
The Ion Exchange Resins Market is anticipated to witness significant growth in the North American region due to robust advancements in key end-use industries such as water treatment, power generation, and food and beverages. The increasing demand for water treatment solutions, coupled with the scarcity of fresh water sources, is driving the market in this …
Thriving Opportunities in Sports Medicine Market: Projected 5.3% CAGR with Potential to Reach US$11.4 Billion by 2032, According to FMI Analysis
In 2022, the market for sports medicine will reportedly be worth US$6.8 Billion. reaching US$ 11.4 Billion by 2032, growing at a CAGR of 5.3%. According to the report, body reconstruction products will dominate the global market in 2021 with a market share of about 81.3%. The global sports medicine market is poised to witness steady growth …
Promising Outlook for Restoring Ocular Health: Dry Eye Syndrome Treatment Market to Witness Robust CAGR of 7.0% from 2022 to 2032
The size of the global market for treatments for dry eye syndrome demand is predicted to be US$ 4.80 billion in 2022 and to increase at a healthy CAGR of 7.0% from 2022 to 2032, surpassing a valuation of US$ 9.44 billion by the end of 2032. According to a recent study by Future Market Insights (FMI), …
Rapid Growth Expected in GCC Syringes and Needles Market, Estimated to Reach US$ 1.33 Billion by 2031, According to Exclusive FMI Report
According to a recent study by Future Market Insights (FMI), the GCC syringes and needles market is expected to register high growth during the forecast period. The market is expected to grow from US$ 525.4 Mn in 2020 to over US$ 1.33 Bn by 2031. This reflects a CAGR of around 8.8% over the forecast period (2021-2031). GCC countries have been prioritizing their …
Voice Recognition and Artificial Intelligence Revolutionize Electronic Medical Records, Driving Revenue Growth: USA Market Set to Exceed US$ 32 Billion by 2033
The global electronic medical records (EMR) market size is expected to be worth US$ 17.6 Bn in 2023, rising to US$ 32.3 billion by 2033. The adoption of electronic medical records (EMR) is anticipated to grow at a CAGR of 6.2% during the forecast period. Global market growth for electronic medical records (EMR) is estimated …
Strong Growth Anticipated in the USA Compounding Pharmacies Market with a 5.1% CAGR Forecasted between 2022 and 2028, Reveals FMI Study
According to a recent research by Future Market Insights (FMI), the global compounding pharmacies market is estimated to have accounted around US$ 8 Bn in terms of value during 2022. The report on the U.S. compounding pharmacies market also projects that the market will grow at a CAGR of approximately 5% during the period 2022-2028. The U.S. …
construction aggregates Market Analysis: Anticipated Growth at 4.86% CAGR from 2023 to 2033, Totaling US$ 636.46 Billion
The construction aggregates market has experienced significant growth in recent years, largely due to the digital transformation in the construction sector and the adoption of Building Information Modelling (BIM). BIM has emerged as a powerful tool that supports various aspects of construction projects, including time management, cost planning, waste reduction, and overall project performance improvement. …
Market Outlook: electrical steel Industry to Reach US$ 70.5 Billion by 2032, Growing at a 6.5% CAGR
The electrical steel market has experienced significant global growth, primarily driven by the increasing number of power generating and transmission projects. The surge in demand for electrical steel can be attributed to its wide range of applications across various end-use industries. Historical estimations indicate that in 2021, the energy sector of the electrical steel market …
Magnesium Oxide Market Analysis: Anticipated Growth at 10% CAGR from 2023 to 2033, Totaling US$ 16 Billion
The magnesium oxide market is gaining momentum again as the key application sectors are getting back on track after getting over the shockwaves due to the COVID-19 pandemic earlier in 2020. While the rise in demand for dead burned magnesia and caustic calcined magnesia fuelled the sales over the past decade, a requirement in industrial, refractories, and …