According to FMI, the global allergy diagnostics industry is expected to grow at a 7.7% CAGR between 2023 and 2033. At present, the US and Canada are the two countries with the largest allergy diagnostics markets. Allergies to foods and medications, the availability of infrastructure that has been developed, and rising consumer healthcare spending all helped …
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Marine Radar Market Surpasses US$ 2.4 Billion, Sustaining a 5.5% CAGR till 2033 | Insights from Future Market Insights
The marine radar market is expected to reach US$1.34 billion in 2022. The market is expanding as businesses provide technologically advanced maritime radar using different wireless technologies. As a result, revenue reached US$ 2.4 billion by 2033, representing a CAGR of 5.5% between 2023 and 2033. In 2023, the market is anticipated to bring in US$ 1.4 …
Soft Tissue Repair Industry is Projected Surge to a Staggering US$ 10,814.7 Million Valuation by 2033-FMI Study
The soft tissue repair market has experienced substantial growth in recent years, driven by the increasing incidence of soft tissue injuries, the growing aging population, and advancements in medical technology. Soft tissue repair refers to the restoration of damaged or injured soft tissues, such as tendons, ligaments, and muscles, through surgical or non-surgical interventions. These procedures aim …
Pathways to Sustainability: Environmental Testing Industry Eyes a Staggering US$ 33,551.7 Billion by 2033
According to Future Market Insights, the value of the global market for environment testing, inspection, and certification is expected to reach around US$ 33,551.7 Million by the end of 2033. Future Market Insights predicts that the testing, inspection, and certification of the global market environment will grow rapidly between 2023 and 2033. Various macroeconomic and microeconomic …
Knee Reconstruction Devices Industry Gears Up for a Transformative US$ 13.0 Billion Landscape by 2033-FMI Study
The knee reconstruction devices industry is anticipated to reach US$ 8.5 billion by 2023 and grow at a 4.3% CAGR between 2023 and 2033 to reach US$ 13.0 billion by the end of 2033. The knee reconstruction devices market is experiencing significant growth as the demand for knee replacement and reconstruction procedures continues to rise. This …
Navigating the Growth Trajectory and Prospects of the Substation Automation Market
According to Future Market Insights (FMI), global sales of substation automation are anticipated to grow at a 6% CAGR between 2023 and 2033. The substation automation market is anticipated to exceed US$ 37.8 billion in 2023 and to reach US$ 67.29 billion by 2033 thanks to a positive demand forecast. Recovery of the substation automation market is …
Orthopaedic Bone Cement and Casting Materials Industry to Experience a 5.30% Expansion by 2033
Future trends in the global orthopaedic bone cement and casting materials industry are also anticipated. In the upcoming years, it is anticipated that there will be a significant impact on the global market for orthopaedic bone cement and casting materials due to growing research and development activities in the field of orthopaedics and an increase in the …
Bioabsorbable Stents Industry Set to Blossom, Projected to Reach US$ 248.5 Million by 2032-FMI Study
The bioabsorbable stents industry devices designed to treat coronary artery disease by providing temporary support to the affected blood vessels and then gradually dissolving within the body over time. The market for bioabsorbable stents was valued at US$ 159.6 million in 2021 and is expected to reach US$ 165.4 million by the end of 2022. The …
Process Automation and Instrumentation Market Targets US$ 1.72 Billion by 2033 in Future-Proofing Industry
Between 2023 and 2033, the market for process automation and instrumentation is expected to grow at a CAGR of 5.5% on average. The market is anticipated to reach a value of US$ 1.06 billion in 2023 and to have a market share of US$ 1.72 billion by 2033. The global process automation and instrumentation market has been …
Cardiac Surgery Devices Industry Poised to Reach an Impressive US$ 2 Billion by 2032-FMI Study
The cardiac surgery devices industry is anticipated to reach US$ 1.7 billion by the end of 2022 and to keep expanding at a CAGR of 3.6%. (2022 to 2032). The market is anticipated to generate US$ 2.4 billion in sales by 2032 as a result of the rising incidence of cardiovascular diseases. With a demand share …