The global extracorporeal membrane oxygenation machine market is on track for significant expansion, with a projected market size of US$ 908 billion by 2032. This remarkable growth, fueled by a rising prevalence of chronic diseases and increasing organ transplants, presents a substantial opportunity for the medical technology industry. Industry analysts predict a steady Compound Annual …
Monthly Archives: March 2024
Industrial Workwear Market Poised for Growth: Expected CAGR of 5.9% by 2033 Revealed
According to recently released data by Future Market Insights (FMI), the industrial workwear market is valued at US$ 17,307.7 million in 2023 and is expected to grow to US$ 30,758.3 million by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2033. The industrial workwear market accounts for approximately 2% to …
PropTech Market: Anticipated Surge with a 9.3% CAGR, Envisioned to Reach US$ 47,842.5 Million by 2033
The PropTech market deals with technology for the real estate industry is predicted to grow at a fast rate of 9.3% each year from 2023 to 2033. By the time we reach 2033, this market is expected to be worth a whopping US$ 47,842.5 million more than it is today. The gap in communication between PropTech startups and incumbent real estate …
Gastrointestinal Stent Market Expected to Reach US$ 815.34 Million by 2033, Driven by Technological Advancements and Rising Demand
The global market for gastrointestinal stents is experiencing a surge in demand, with projections indicating a market value of US$ 476.72 million by the end of 2023. This upward trend is anticipated to continue over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 5.51%, reaching a staggering US$ 815.34 million by …
Humectants Market on the Rise: Anticipated Growth of US$ 24 Billion by 2033
The global humectants market size is expected to reach US$ 14.72 Billion and is projected to grow at a CAGR of 5% over the forecast period. Since the demand for natural humectants has increased over the past few years, food manufacturers are able to produce a wider range of food products with fewer natural humectants. By 2033, …
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USA & Canada Portable Air Conditioner Market Set to Hit US$ 319.7 Million by 2032: Insights and Projections
The portable air conditioner market in the USA and Canada is estimated to surpass nearly US$ 231.2 million in 2022, with projections indicating it will reach US$ 319.7 million by 2032, marking a compound annual growth rate (CAGR) of 3.3% from 2017 to 2021. Furthermore, consumers are increasingly adopting e-commerce sites to purchase electronic items …
Asia Pacific Religious Tourism Market Set to Expand by 11.4% by 2033 | FMI
The Asia Pacific religious tourism market is anticipated to be appraised at US$ 15.8 Billion by 2033, up from US$ 5.3 Billion in 2022. Religious tourism is one of the earliest forms of tourism in the Asia Pacific region. Religious tourism has become a much larger and widely segmented industry in the recent years. Most of the communities believe that religious …
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Cloud Encryption Market Predicted to Reach US$ 45.6 Billion by 2033, Surging with a Staggering 30.8% CAGR
The global revenue for cloud encryption market reached a substantial sum of US$ 3.1 billion in 2023, Anticipating strong growth, with a CAGR of 30.8% projected over the forecasted period, the cloud encryption market is poised to reach an impressive US$ 45.6 billion by the year 2033. The cloud encryption market currently accounts for around 4.5% of the total cloud security …
Partner Relationship Management (PRM) Market Growth Forecast Indicates Substantial Expansion, Eyeing US$ 4,676.1 Million by 2033
The partner relationship management (PRM) market revenue totaled US$ 1,302.7 million in 2023. It is anticipated that the PRM market will experience significant growth, reaching a total of US$ 4,676.1 million by 2033. This growth is projected to occur at a CAGR of 13.6% from 2023 to 2033. The partner relationship management (PRM) market currently represents around 8.5% of sales of …
European Union Tourism Market Targets US$ 1262.97 Billion Milestone with 8% CAGR by 2032 | FMI
The European union tourism market whose worth, as of 2022, was US$ 585 Billion, is anticipated to rise at a CAGR of 8%, with a target valuation of US$ 1262.97 Billion by 2032. Considered to be a destination for travelers of any kind, and beautified with some glorious places, the European Union tourism market is expected to increase. The European Union …