According to the latest market research by FMI, the global medical ventilators industry is poised to reach a market value of US$ 1.7 billion in 2023. Over the course of the following decade, from 2023 to 2033, the market is expected to experience a robust growth rate of 9.1%. By 2033, it is anticipated to …
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Contraceptives Industry to Showcase 5.5% CAGR, Aiming for US$ 30.8 Billion by 2032 | FMI Reveals
In 2022, the anticipated value of the worldwide Contraceptives Industry is estimated at US$ 18 billion. The demand for contraceptive drugs and devices is projected to exhibit a compound annual growth rate (CAGR) of 5.5%, resulting in the market’s overall size soaring to US$ 30.8 billion by 2032, as reported by a recent study conducted …
Quantum Computing Market Projected to Reach US$ 6.5 Billion by 2033 with a CAGR of 23.5% – FMI
The quantum computing landscape is undergoing a transformative journey, poised to revolutionize industries and reshape computational paradigms. According to market intelligence provided by Future Market Insights (FMI), the Quantum Computing Market is set to achieve remarkable growth, with a projected valuation of US$ 6.5 billion by the year 2033. The market, which stands at an estimated value …
FMI Forecasts a 5.7% CAGR in the Medical X-Ray Detectors Industry to Reach US$ 3.2 Billion by 2029
In 2019, the global Medical X-Ray Detectors Industry crossed the billion-dollar mark and is poised for a bright future. With a 5.7% CAGR, it’s expected to surge from US$ 2.2 billion in 2022 to US$ 3.2 billion by 2029. The medical devices industry is witnessing increased demand due to rising diagnostic tests, driven by factors …
Frying into the Future: Commercial Air Fryer Market’s Technological Advancements Forecasting Remarkable Growth Through 2033
Increase from US$ 1,409.2 million in 2023 to US$ 1,409.2 million in 2033.The market for commercial air fryers is expected to grow at a CAGR of 5.2% during the forecast period due to the rising popularity of fast meals and snacks made using healthy cooking techniques. Air fryers are connected with healthy food concepts.They make …
Wine Processing Equipment Market Set to Exceed US$ 2.7 Billion by 2033 on the Back of Global Red and Sparkling Wine Consumption
According to the FMI report, global wine processing equipment market size is anticipated to grow from US$ 1.5 Bn in 2023 to US$ 2.7 Billion by 2033, with overall sales exhibiting a CAGR of 6.2% throughout the forecast period. Rising consumption of various types of wine especially red wine and sparkling wine across the world is a key factor driving the global wine …
Rising with Innovation: Commercial Oven Market’s Technological Developments Fueling Massive Growth Through 2033
The commercial oven market refers to the industry that encompasses the manufacturing, distribution, and sale of ovens specifically designed for commercial or professional use. Commercial ovens are typically larger, more robust, and have higher capacities compared to residential ovens, as they are designed to meet the demands of commercial kitchens, restaurants, bakeries, and other food service establishments. …
Automotive Composites Market Size Set to Soar to US$ 26.1 Billion by 2033 with a 12.1% CAGR, According to Future Market Insights
The automotive composites market size is to reach a valuation of US$ 8.3 billion in 2023. Future Market Insights reports say that the market is anticipated to expand at a 12.1% CAGR from 2023 to 2033. The Market is anticipated to reach US$ 26.1 billion by the end of 2033. The market for automotive composites …
Emission Control Catalyst Market Share Projected to Reach US$ 29.5 Billion by 2033 with 8.5% CAGR Growth from 2023
The global emission control catalyst market share is expected to be valued at US$ 29.5 billion by 2033. The market is valued at US$ 13.1 billion as of 2023, and is expected to grow at a CAGR of 8.5% during the forecast period. The market is most likely to be driven by an increase in …
Automotive TCU Market Size Expected to Grow from US$ 15.16 Billion in 2023 to US$ 22.44 Billion by 2033
The automotive TCU market size is predicted to be worth US$ 15,157.9 million in 2023 and rise to US$ 22,437.4 million by 2033. Demand initially expanded at a market CAGR of 3.2% between 2018 and 2022. Technological improvements significantly drive the demand for automotive TCUs. Incorporating cutting-edge technologies into TCUs and ongoing innovation in gearbox …