The global blood glucose monitoring systems market is expected to grow at a CAGR of 6.5% during the forecast period (2022-2028). According to International Diabetes Federation, more than 460 million people suffering from diabetes in 2019 and this figure is estimated to reach 700 million by 2045. Thus, the monitoring of blood glucose level is important for diabetes patients. Conventional devices for glucose monitoring require a small amount of blood to be drawn out of the body by needle insertion in the skin. It often causes discomfort and pain after repeated use and poses risks of potential infection and tissue damage.

The global biodegradable water bottles market is expected to grow at a CAGR of 5.5% during the forecast period.  The prominent factor that drives the market growth include the stringent regulations regarding the use of plastic bottles, which leads to a pollution crisis especially for the marine life organisms. Several regulatory bodies are continuously focusing on minimizing the use of plastic waste, by producing biodegradable water bottles. As per the United Nations Environment Programme (UNEP), the plastic pollution leakage into aquatic ecosystems has grown sharply and is projected to get double by 2030. 

The global chelated iron agriculture micronutrient market is anticipated to grow at a CAGR of 6.9% during the forecast period. Funding provided to key market players by the regulatory bodies contributed to the growth of the global chelated iron agriculture micronutrient market. For instance, in February 2021, Bayer launched the ‘Nutrition Gas Inititiative’ which expands access to vitamins and minerals for underserved communities to provide combat malnutrition by providing iron folic acid, especially for pregnant women. 

The global smart contact lens market is anticipated to grow at a considerable CAGR of 25.5% during the forecast period. The key factor augmenting the market growth includes the increasing use of new technologies including smart contact lenses and others that capture images and store data and give driving directions, among others. Key market players are rapidly integrating new technologies with image intensifiers that support the treatment of various health problems such as diabetes, glaucoma, and many others which is further anticipated to drive the market growth. 

The global IOL market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period. The key factor contributing to the market growth includes the rising adoption of strategic initiatives by major companies operating in the market to strengthen their market position. Strategic initiatives include mergers, acquisitions, and product launches of new technology-based products. Owing to the integration of technology consumer demand for such products has increased over the past few years. For instance, in January 2022, Alcon Vision LLC launched presbyopia-correcting (PC-IOL) the AcrySof IQ Vivity IOL to Indian ophthalmologists for patients undergoing cataract surgery. 

The global airport information systems market is anticipated to grow at a substantial CAGR of 3.3% during the forecast period. One of the key factors boosting the market includes the growing establishment of airport infrastructure across the globe. For instance, in November 2021, the Airports Authority of India (AAI) announced an investment of $3.3 billion for upgrading and renovating all the existing airports in the country. The major motive behind the investment is to establish new airports and modernize the infrastructures of existing airports over the upcoming four to five years. This has increased the demand for information systems for airports as most of these new airports are adopting modern and advanced technologies.

The global utility communication market is expected to grow at a CAGR of 4.5% during the forecast period. The growing demand for smart grids in the energy and utility industry is driving the global utility communication market. A smart grid uses analog and digital information technology. In today’s digital world, where most of the existing things are somehow depending upon electricity, electricity demand has increased immensely. Additionally, renewable energy can be fused with the smart grid to provide better energy transmission and efficiencies, which is not possible with existing grids.

The global switchgear market is anticipated to grow at a CAGR of 6.8% during the forecast period. The increasing focus on recent development by key players such as product innovation, technology advancements, expansions, mergers & acquisitions, and finding a new market or innovation in their core competency to expand individual market share is a key factor driving the growth of the global switchgear market. For instance, in June 2022, Schneider Electric launched its SureSeT MV switchgear offering in the North American market. 

The global renewable drone market is anticipated to grow at a significant CAGR of 26.1% during the forecast period. The growing inclination of the public and private sectors towards the development of renewable sources of energy such as wind and solar farms is a key factor driving the growth of the global renewable drones market. For instance, in June 2022, Koovappady panchayat in Ernakulam district has been preparing to use solar energy at least partially as part of efforts to shift from the conventional energy use and to create awareness among people on the use of renewable sources of energy. 

The global industrial nitrogen market is anticipated to grow at a CAGR of 7.6% during the forecast period. The considerable increase in the production capacity of industrial nitrogen by manufacturers to meet the growing demand for industrial nitrogen from end-user industries is a key factor driving the growth of the global industrial nitrogen market. For instance, in June 2022, Air Products signed a long-term supply agreement with Indian Oil Corporation (IOCL), India’s national oil company. Air Products will build, own and operate (BOO) a new industrial gases complex supplying hydrogen, nitrogen and steam to IOCL’s Barauni Refinery in Bihar, India.