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Showing posts from November, 2023

Mammography Screenings are Fueling the Growth of the U.S Imaging Services Market

U.S. Imaging Services Market The global U.S. Imaging Services Market is estimated to be valued at  US$ 154.77 Bn in 2023  and is expected to exhibit a  CAGR of 5.5%  over the forecast period  2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Imaging services utilize modalities like X-ray, MRI, CT, ultrasound and others to produce visual representations of the internal body. It helps in early detection of diseases and guided medical procedures. Advances in imaging technologies have made procedures minimally invasive and less time consuming. Market key trends: One of the key trends in the market is increasing use of preventive care services like mammography screenings. According to the American Cancer Society, regular mammograms can reduce breast cancer mortality rates in women by 40%. Screening mammography helps detect tumor formation at an early stage which improves treatment outcomes. Advancements in 3D mammog...

Fastest growing segment fueling the growth of Veterinary Orthopedic Implants Market

Veterinary Orthopedic Implants Market  The global Veterinary Orthopedic Implants Market is estimated to be valued at  US$ 296.5 Mn in 2023  and is expected to exhibit a  CAGR of 5.9%  over the forecast period  2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Veterinary orthopedic implants are medical devices used in animal surgery to fix a broken bone, relieve the pain, fix abnormal appendages, reconstruct a joint, or reinforce weakened bones. They provide stability to the bone during and after healing and allow early mobility. Implants include plates and screws, pins and wires, rods and inserts, which help animals to regain strength and mobility. Market key trends: Increase in pet adoption rates and awareness about animal health has fueled the demand for advanced veterinary orthopedic implants significantly. According to the Humane Society of the United States, around 90 million dogs and about 94 million...

Medical Tourism is fastest growing segment fueling

Transparent Plastics Market The global Transparent Plastics Market is estimated to be valued at   US$ 167.1 Bn in 2023   and is expected to exhibit a   CAGR of 3.6%   over the forecast period   2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Transparent plastics are lightweight, durable and cost-effective polymers that allow visibility to objects. They are used extensively in medical devices, automotive components, packaging for food & beverages and construction industries due to properties like clarity, impact strength and excellent optical features. Market key trends: One of the key trends driving the growth of transparent plastics market is rise in medical tourism sector. Many developing nations are promoting medical tourism to boost their economy. Countries like India and Thailand offer quality medical care at fraction of cost compared to developed nations. Also, improving healthcare infrastructure an...

Fastest growing segment fueling the growth of Global Vacuum Pump Market

Vacuum Pump Market The global Vacuum Pump Market is estimated to be valued at  US$ 6.51 Mn in 2023  and is expected to exhibit a  CAGR of 7.2%  over the forecast period  2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: The vacuum pump market comprises products that evacuate and remove gases from an enclosed space. Different types of vacuum pumps such as dry vacuum pumps, liquid ring, and centrifugal pumps are used across various end-use industries like semiconductor & electronics, oil & gas, chemical & petrochemical, power generation and others. Vacuum pumps offer advantages like high efficiency, contamination-free operation and maintain clean environment required by various industrial processes. Market key trends: Among different types, vacuum pumps are projected to witness high demand. Vacuum pumps remove residual gases from vacuum systems and provide high or ultra-high vacuum for industrial proc...

Fastest growing segment of Industrial Flooring Market

Industrial Flooring Market The global Industrial Flooring Market is estimated to be valued at   US$ 9.5 Bn in 2023   and is expected to exhibit a   CAGR of 4.4%   over the forecast period   2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Industrial flooring products provide protection, barrier and durability in manufacturing facilities and warehouses. Polymers, concrete and terracotta tiles are commonly used industrial flooring materials owing to their chemical and abrasion resistance, non-porous nature eliminating bacteria and moisture. Market key trends: One of the key trend gaining traction in the industrial flooring market is the rising demand for green and sustainable flooring solutions. Manufacturers are focusing on developing eco-friendly flooring materials which are durable and also minimize the environmental impact. For instance, some players offer commercial vinyl composite tile flooring made from r...

Fastest growing segment fueling the growth of Viscosupplementation Market

Viscosupplementation Market  The global Viscosupplementation Market is estimated to be valued at   US$ 3404.73 Mn in 2023   and is expected to exhibit a   CAGR of 8.2%   over the forecast period   2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Viscosupplementation refers to treatment of knee osteoarthritis through injections of hyaluronic acid into the knee joint space. Hyaluronic acid acts as a lubricant and shock absorber, thereby reducing pain and improving mobility. Market key trends: One of the key trends in the viscosupplementation market is the increasing focus of players on the development of single-injection viscosupplementation products. Single-injection viscosupplementation offers various advantages over traditional multi-dose injections such as reduced pain, infection risk and improved patient compliance. Players such as Seikagaku Corporation have developed "SAIZEN", a single-injection viscosup...

Growth of Swine Fever Vaccine Market

Swine Fever Vaccine Market The global Swine Fever Vaccine Market is estimated to be valued at   US$ 2885.25 Mn in 2023   and is expected to exhibit a   CAGR of 5.9%   over the forecast period   2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Swine fever vaccines help prevent swine fever, a contagious viral disease affecting pigs. The vaccines provide protection, allow sustainable pig farming and ensure food security. Market key trends: One of the key trends in the swine fever vaccine market is the development of novel vaccines. Researchers are developing new generation vaccines based on modern vaccine platforms such as DNA vaccines and subunit vaccines. These novel vaccines induce strong immune response, require less number of doses for protection and have potential for differentiation of infected animals from vaccinated animals. Some of the key players involved in development of novel swine fever vaccines ar...

Fastest growing segment fueling the growth of Spinal Muscular Atrophy Market

  Spinal Muscular Atrophy Market The global Spinal Muscular Atrophy Market is estimated to be valued at US$ 1813.48 Mn or Billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Spinal muscular atrophy is a group of inherited diseases that causes weakness and wasting in the muscles of arms, legs, neck and face due to the loss of specialized nerve cells in the spinal cord. Spinal muscular atrophy medicines help in the treatment of spinal muscular atrophy by increasing the survival rate of motor neurons and improving muscle functions. Market key trends: One of the key trends in the spinal muscular atrophy market is technological advancements in gene therapies. Gene therapies are novel treatment approaches that involve modifying or manipulating genes to treat or cure disease. Major companies such as Biogen and Novartis are focusing on developing adv...

Fastest growing segment fueling the growth of insulin sensitizers market

  Insulin Sensitizers Market The global insulin sensitizers market is estimated to be valued at US$ 15.09 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Insulin sensitizers are oral antidiabetic drugs that help manage blood glucose levels in patients with type 2 diabetes by making cells more sensitive to the effects of insulin. They are widely used due to their convenience of oral administration compared to insulin injections. Market key trends: One of the key trends in the insulin sensitizers market is the increasing adoption of telehealth and remote patient monitoring. The COVID-19 pandemic has accelerated the shift towards telemedicine as people seek alternatives to in-person visits. Many insulin sensitizer brands are launching digital health programs that enable virtual consultations, remote glucose monitoring, prescription refills, and man...

Fastest Growing Segment Fueling Growth of the Specimen Retrieval Bag Market

Specimen Retrieval Bag Market The global Specimen Retrieval Bag Market is estimated to be valued at   US$ 308.36 Mn in   2023   and is expected to exhibit a   CAGR of 4.0%   over the forecast period   2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Specimen retrieval bags are medical devices used to remove tissues, organs or implants from the body during minimally invasive surgery while maintaining sterile conditions. They help contain fluid spillage and prevent cross-contamination. Market key trends: One of the key trends in the specimen retrieval bag market is the increasing preference for disposable bags. Disposable bags are made of polymers like polyethylene and nylon which provides advantages like single use and reduces risks of cross-contamination. They are cost-effective and easy to use. Another trend is the demand for advanced sealing mechanisms in bags. Improved sealing technologies help reduce ...

Fastest Growing Segment Fueling the Growth of Silver Nitrate Market

Silver Nitrate Market  The global Silver Nitrate Market is estimated to be valued at   US$ 363.1 Mn or Million in   2023   and is expected to exhibit a   CAGR of 6.8%   over the forecast period   2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Silver nitrate is an inorganic salt with many applications. It is known for its disinfectant and antiseptic properties. Silver nitrate is highly soluble in water and is used to make mirrors, dental restorations, solar panels and industrial catalysts. It acts as an oxidizing agent and is employed in various organic syntheses. Market key trends: One of the key trends fueling the growth of the silver nitrate market is its increasing usage in the industrial manufacturing sector. Silver nitrate finds widespread application in industrial catalysts due to its oxidation properties. It is used as a catalyst in the production of ethylene oxide and propylene oxide. Silver n...

Fastest growing segment of Traffic Sign Recognition System Market

Traffic Sign Recognition System Market The global Traffic Sign Recognition System Market is estimated to be valued at   US$ 5.82 Bn in 2023   and is expected to exhibit a   CAGR of 12%   over the forecast period   2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Traffic sign recognition systems help detect speed limits, stop signs, hazard signals and other traffic signs using cameras and AI-based algorithms. These systems improve road safety by alerting drivers of traffic signs and preventing collisions and traffic violations. Market key trends: One of the key trends in the traffic sign recognition system market is the rising adoption of deep learning technologies. Deep learning uses artificial neural networks to enable systems to learn complex patterns from large amounts of data. Leading system manufacturers are integrating deep learning into their solutions to enhance sign detection accuracy in various light...