Growth in Pharmaceutical Industry and Strategic Initiatives Leverages the Market Growth
Published: Jun 2022
The global airlift bioreactor market is expected to grow at a significant CAGR of 10.5% during the forecast period. The growth of the market is mainly driven by the rise in the biopharmaceutical industry and the increasing prevalence of various chronic diseases such as cancer, diabetes, heart diseases, and viral illnesses. According to the Reserve Bank of India (RBI), the Indian Pharmaceutical sector contributed nearly 2% to India's GDP. Moreover, the Indian pharmaceutical market export turnover was $24.2 billion in 2020-21.
Rapid Development of New Tech-Based Products is Accelerating the Pet Toys Market
Published: Jun 2022
The global pet toys market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The rapidly booming pet care industry is realizing the need for personalized and smart tech-based dog toys that cater to the specific end-use requirements of pet users. With increasing, technological advancements pet toys that are enabled with solutions like AI-powered interactive robots are slowly gaining traction, especially among millennial pet owners. Moreover, these hi-tech and smart pet entertainment toys further offer mobile-friendly services and maintain a personalized online profile for owners and their animals.
Improved Interoperability and Integration of AI areExpected to Drive the Growth of the Global Ambulatory EHR Market
Published: Jun 2022
The global ambulatory EHR market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. IN recent time, the implementation of AI with EHR has grown, which has added to the effectiveness and productivity of ambulatory EHR. Health data interoperability remained a concern for clinicians, despite the advent of digital health records.Most of the vendors do not easily exchange patient information, making it difficult for providers to make effective use of the EHR to improve patient care.. Divided interfaces and data entry procedures cause physicians and other healthcare staff to spend more time searching for health records.
Rise in COVID-19 Incidences Along With Increasing Number of Chronic Diseases Globally to Propel the Market Growth
Published: Jun 2022
The global blood warmer market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. The primary factor accelerating the growth of the market includes the rising number of chronic diseases such as cancer, tumor, arthritis, and others across the globe. During the treatment of these chronic diseases, blood and blood-related products are used which are stored at low temperatures to prevent them from decaying. Thus, during transfusion of red blood cells (RBCs) and platelets, among others, blood stored at low temperatures is warmed to normal temperature before transfusion by using blood warmer devices.
Electrification of Motorhome is Leveraging the Global Motorhome Market
Published: Jun 2022
The global motorhome market is expected to grow at a CAGR of 8.5% during the forecast period. One of the factors that are boosting the market growth is the implementation of stringent vehicle emission regulations in most nations across the globe which is encouraging consumers to switch to hybrid and electric recreational vehicles such as motorhomes. The electrification of the vehicle is rising across the globe with the governments’ subsidy policies for encouraging consumers. For instance, in March 2022, Italy planned to subsidize new electric vehicles up to $6,570 of the purchase price as part of the plan to support the electrification of the vehicles.
New Product Launches is Boosting the Global Mobile Crane Market
Published: Jun 2022
The global mobile crane market is expected to grow at a CAGR of 6.3% during the forecast period. One key factor driving the market growth include the increasing participation of market players as they are launching new mobile cranes to compete with one another. For instance, in April 2022, Manitowoc’s Zhangjiagang launched the largest Potain topless crane in China. This new Potain MCT 805 topless tower crane is designed with an 80 m jib and provides 40 t and 32 t versions. It is a high-quality, affordable crane, and will target consumers in Asia, the Middle East, Africa, Australia, New Zealand, and Latin America.
Strategic Initiatives Adopted by Key Players Offering Enormous Opportunity for the Global Bioprocess Technology Market
Published: Jun 2022
The global bioprocess technology market is expected to grow at a significant CAGR of 8.2% during the forecast period. The growing competition in the biotechnology and biopharmaceutical industry coupled with the rising demand for innovative therapeutics owing to the rising prevalence of chronic diseases has led to increasing demand for bioprocess technology. Investment in the biopharmaceuticals industry coupled with the rising need for drugs and vaccines has propelled the market growth. For instance, according to CCI India, India is one of the major producers of generic drugs globally, and the pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US, and 25% of all medicines in the UK.
Funding Opportunity and Strategic Initiatives to Provide Enormous Opportunity for the Global AI in Genomics Market
Published: Jun 2022
The global AI in genomics market is anticipated to grow at a significant CAGR of 50.2% during the forecast period (2022-2028). Several advances conducted in the field of pharmaceutical and artificial intelligence (AI) which is likely to boost the growth of the global AI in the genomics market. For instance, in November 2020, Dell Technologies announced new Dell EMC Ready Solutions and high-performance computing(HPC), cloud service provider collaboration to accelerate AI and advanced computing innovation in healthcare, life science, and manufacturing.
Government Initiatives Towards Healthy Life Promoting Development of Pilates and Yoga Studios Globally.
Published: Jun 2022
The global pilates and yoga studios market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period. The global pilates and yoga studios market is witnessing rapid growth due to growing awareness regarding the benefits offered by pilates and yoga. Pilates improves the body posture and flexibility, increases muscle strength, tones the muscles, and provides relaxation to body muscles. All these benefits are estimated to drive the growth of the pilates and yoga studios market during the analysis timeframe. Expansion in the prevalence of obesity and rise in health consciousness significantly help the development of the pilates and yoga studios market.
Rising Penetration of Spa Services Among Men is Driving the Growth of the Market
Published: Jun 2022
The global spa services market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. Spa services are widely consumed by women. Apart from women, the penetration of spa services is increasing among male customers which led to the growth of the spa services market across the globe. Men are continuing to explore the spa experience as much as women. The rising awareness about skincare among men pushed major brands to introduce skincare and spa products to men consumers which has increased the demand for spa services.