Press Releases from MarketsandMarkets (7335 total)
Gene Therapy Market Poised for Robust Growth Through 2028
Gene Therapy Market in terms of revenue was estimated to be worth $9.0 billion in 2023 and is poised to reach $23.9 billion by 2028, growing at a CAGR of 21.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The rising number of product approvals followed by growing focus on genomic research focused on development of novel therapeutics including gene therapies against critical indications, are the factors…
Hemostats Market worth $3.7 billion by 2028
Hemostats Market in terms of revenue was estimated to be worth $2.7 Billion in 2023 and is poised to reach $3.7 Billion by 2028, growing at a CAGR of 6.7% from 2023 to 2028 according to a new report by MarketsandMarkets.
The significant growth in the number of hospitals and surgical centers is expected to support the growth of the hemostats market, as these are key end users of hemostats. The…
Pharmaceutical Packaging Equipment Market worth $12.4 billion by 2028
Pharmaceutical Packaging Equipment Market in terms of revenue was estimated to be worth $8.9 Billion in 2023 and is poised to reach $12.4 Billion by 2028, growing at a CAGR of 7.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The rapidly expanding generic and biopharmaceutical markets, increases in OTC drug sales, rising demand for flexible and integrated packaging equipment, increased offshore manufacturing in the pharmaceuticals market,…
Gas Turbine Market Size to Reach $22.5 Billion by 2026 | General Electric, Sieme …
The global Gas Turbine Marketis expected to grow from an estimated USD 18.9 Billion in 2021 to USD 22.5 Billion by 2026, at a CAGR of 3.6%, owing to an increase in demand of gas turbines in power generation. However, they are also used for mechanical drive purposes and in jet engines.
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Power generation segment is expected to lead the gas turbine market
The increase in electricity demand…
PET Foam Market worth $503 million by 2027 | Key players 3A Composites (Switzerl …
According to recent market research the "PET Foam Market by Raw Material (Virgin PET and Recycled PET), Grade (Low-density and High-density), Application (Wind Energy, Transportation, Marine, Building & Construction, Packaging) and Region - Global Forecast to 2027", is projected to grow from USD 361 million in 2022 to USD 503 million by 2027, at a CAGR of 6.9% from 2022 to 2027. PET foam can be readily modified based on…
Liquid Applied Membranes Market worth $24.6 billion by 2025 | Key players Atlas …
According to recent market research the "Liquid Applied Membranes Market by Type (Bituminous, Elastomeric, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), End-Use Industry (Residential, Commercial, Public Infrastructure), And Region - Global Forecast To 2025", The global liquid applied membranes (LAMs) market size is expected to grow from USD 18.5 billion in 2020 to USD 24.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast…
Precious Metals E-waste Recovery Market worth $11.8 billion by 2025 | Key player …
According to recent market research the "Precious Metals E-Waste Recovery Market by Source (Household Appliances, It & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography - Global Forecast to 2025" The precious metals e-waste recovery market is projected to grow from USD 9.4 billion in 2020 to USD 11.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Growing investments in precious…
Polyvinyl Alcohol Films Market worth $577 million by 2028 | Key players Kuraray …
According to recent market research the "Polyvinyl Alcohol Films Market by Grade Type (Fully Hydrolysed, Partially Hydrolysed), Application (Detergent Packaging, Medical & Healthcare, Polarizing Plates, Food Packaging, Agrochemical Packaging), & Region - Global Forecast to 2028", is expected to grow at a CAGR of 6.1% during the forecast period, from an estimated USD 429 million in 2023 to USD 577 million by 2028. Polyvinyl alcohol (PVA) films are experiencing a…
Breast Lesion Localization Market worth $0.4 billion by 2028
Breast Lesion Localization Market in terms of revenue was estimated to be worth $0.3 billion in 2023 and is poised to reach $0.4 billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. Factors contributing to the market growth are improvements in the reimbursement policies, high incidence rate of breast cancer, and increasing breast cancer screening programs globally. In addition,…
At a CAGR of 5.6% The High Voltage Cables and Accessories Market to Reach $52.5 …
According to a new market research report, the high voltage cables and accessories market is projected to reach USD 52.5 billion by 2028 from an estimated USD 40.0 billion in 2023, at a CAGR of 5.6% during the forecast period. Factors such as increased investments in electricity grids and growth of offshore wind farms is driving the need for high voltage cables and accessories.
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Key market players:
The…
Optical Imaging Market worth $2.9 billion by 2027
Optical Imaging Market in terms of revenue was estimated to be worth $1.5 billion in 2022 and is poised to reach $2.9 billion by 2027, growing at a CAGR of 13.5% from 2022 to 2027 according to a new report by MarketsandMarkets™. The market is expanding as a result of factors such as an aging population, an increase in R&D in the life sciences, growing patient expectations for quick and…
Autonomous Navigation Market Set to Grow at the Fastest Rate- Time to Grow your …
The report provides an analysis of the autonomous navigation market from 2020 to 2028. It discusses various industry and technology trends currently prevailing in the market, along with the factors that drive, restrain, and challenge market growth globally. Autonomous navigation is estimated to be USD 6.0 billion in 2023 and is projected to reach USD 12.9 billion by 2028, at a CAGR of 16.4% during the forecast period. Factors such…
With 5.3% CAGR, Marine Actuators and Valves Market Growth to Surpass USD 3.6 bil …
The Marine Actuators and Valves market is projected to grow from USD 2.8 Billion in 2023 to USD 3.6 Billion by 2027, at a CAGR of 5.3 % from 2022 to 2027. The global rise in sea-borne trade is likely to drive growth in the Marine Actuators and Valves market across many categories. The marine actuators and valves market is currently driven by research and development efforts on maritime actuators…
3D Sensor Market Surges, Projected to Reach USD 9.4 Billion by 2026, Reports Mar …
The global 3D sensor market is experiencing remarkable growth, with an estimated valuation of USD 2.7 billion in 2021, projected to reach USD 9.4 billion by 2026. This significant expansion reflects an impressive Compound Annual Growth Rate (CAGR) of 28.1% from 2021 to 2026, according to the latest report by MarketsandMarkets, a leading market research firm renowned for its comprehensive analyses of sensor technologies.
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Key Segments:
The 3D…
Image Sensor Market Captures Growth Momentum, Projected to Reach USD 38.6 Billio …
The global image sensor market is undergoing significant growth, with a projected increase to USD 38.6 billion by 2027 from an estimated USD 26.1 billion in 2022. This substantial expansion reflects a robust Compound Annual Growth Rate (CAGR) of 8.1% from 2022 to 2027, according to the latest report by MarketsandMarkets, a leading market research firm renowned for its comprehensive analyses of sensor technologies.
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Key Segments:
The image…
3D Machine Vision Market Gains Momentum, Projected to Reach USD 2.4 Billion by 2 …
The global 3D machine vision market is experiencing significant growth, with a valuation of USD 1.5 billion in 2020, projected to reach USD 2.4 billion by 2025. This notable expansion reflects a robust Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period, according to the latest report by MarketsandMarkets, a leading market research firm renowned for its comprehensive analyses of machine vision technologies.
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Key Segments:
The…
Motion Control Market Accelerates, Projected to Reach USD 20.0 Billion by 2027, …
The global motion control market is on a trajectory of substantial growth, with a projected increase to USD 20.0 billion by 2027. This significant expansion reflects a steady Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period, according to the latest report by MarketsandMarkets, a leading market research firm known for its comprehensive analyses of industrial automation technologies.
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Key Segments:
The motion control market is segmented…
Wound Care Market worth $28.6 billion by 2028
Wound Care Market in terms of revenue was estimated to be worth $21.5 billion in 2023 and is poised to reach $28.6 billion by 2028, growing at a CAGR of 5.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growing preference for addressing diseases and health conditions that affect wound healing capabilities, along with the increasing prevalence of conditions like diabetes and obesity, are significant factors driving…
Roche Diagnostics Limited. (Switzerland) and Abbott (US) are Leading Players in …
The Cystatin C assay industry is poised for significant growth in the near future, driven by a rising demand for accurate and reliable biomarkers in healthcare. Cystatin C, a promising marker of kidney function, is gaining prominence as an alternative to traditional creatinine-based measurements. With an aging population, the increasing prevalence of chronic kidney diseases, and a growing emphasis on early disease detection, the Cystatin C assay industry is expected…
Ventilators Market worth $5.7 billion in 2028
Ventilators Market in terms of revenue was estimated to be worth $4.2 Billion in 2023 and is poised to reach $5.7 Billion by 2028, growing at a CAGR of 6.4% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the global ventilators market is driven by the rising burden of respiratory diseases, such as COPD and asthma. COPD and asthma result in the narrowing…
Single Use Assemblies Market worth $5.2 billion by 2028
Single Use Assemblies Market in terms of revenue was estimated to be worth $2.5 billion in 2023 and is poised to reach $5.2 billion by 2028, growing at a CAGR of 15.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. The global single-use assemblies market is growing owing to factors such as rising adoption of single-use assemblies among startups and SMEs, development and launch of technologically advanced…
Immunoassay Market worth $46.7 billion by 2028
Immunoassay Market in terms of revenue was estimated to be worth $35.0 Billion in 2023 and is poised to reach $46.7 Billion by 2028, growing at a CAGR of 5.9% from 2023 to 2028 according to a new report by MarketsandMarkets™. The immunoassay market is driven by the increasing incidence of infectious and chronic diseases, increasing adoption of immunoassay-based POC testing and rapid testing, and introduction of innovative products by…
Pen Needles Market worth $2.5 billion by 2028
Pen Needles Market in terms of revenue was estimated to be worth $1.6 Billion in 2023 and is poised to reach $2.5 Billion by 2028, growing at a CAGR of 9.1% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The increasing healthcare expenditure on diabetes care, and mandates pertaining to safety pen needles are some factors that provide lucrative opportunities for key players in the market. However, reuse…
Veterinary Electrosurgery Market worth $120 million by 2028
Veterinary Electrosurgery Market in terms of revenue was estimated to be worth $85 million in 2023 and is poised to reach $120 million by 2028, growing at a CAGR of 7.3% from 2023 to 2028 according to a new report by MarketsandMarkets™. The demand for veterinary electrosurgery is increasing due to a number of factors, including the growing pet population, the increasing awareness of the importance of preventive care, and…
Clinical Trial Supplies Market worth $6.3 billion by 2028
Clinical Trial Supplies Market in terms of revenue was estimated to be worth $3.9 billion in 2023 and is poised to reach $6.3 billion by 2028, growing at a CAGR of 9.9% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The growth of the market is projected to be driven by factors such as collaborations & partnerships among market players for clinical trial outsourcing service, increasing R&D expenditure…
Continuous Renal Replacement Therapy Market worth $2.1 billion by 2028
Continuous Renal Replacement Therapy Market in terms of revenue was estimated to be worth $1.4 billion in 2023 and is poised to reach $2.1 billion by 2028, growing at a CAGR of 8.1% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The rise in the global incidence of Acute kidney Injury (AKI) and increase in the demand for effective renal replacement therapy among the patients who are critically…
Cell & Gene Therapy Manufacturing Services Market worth $11.5 billion by 2027 - …
Cell & Gene Therapy Manufacturing Services Market is projected to reach USD 11.5 billion by 2027 from USD 5.1 billion in 2022, at a CAGR of 17.5% during the forecast period, according to a new report by MarketsandMarkets™. Growth in this market is driven by cancer prevalence which is a major burden on healthcare systems across geographies coupled with heavy investments of pharmaceutical companies in research and development to deliver…
Cargo Drones Market Projected to reach $9.4 billion by 2030
This report analyzes the cargo drones market from 2022 to 2030. It discusses various industry and technology trends currently prevailing in the cargo drones market along with the factors that drive, restrain, and challenge the market growth globally. The cargo drones market is projected to grow from USD 0.6 billion in 2022 to 9.4 billion by 2030, at a CAGR of 38.6%. Factors such as the need to…
With 6.0% CAGR, Data Converter Market Growth to Surpass USD 7.4 Billion
According to MarketsandMarkets, the data converter market size is valued at USD 5.5 Billion in 2023 and is anticipated to be USD 7.4 Billion by 2028; growing at a CAGR of 6.0% from 2023 to 2028. Factors such as the Increasing adoption of technologically advanced data acquisition systems, and growing demand for high-resolution images in scientific and medical applications are driving the growth of the market during the forecast period.
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Volumetric Video Market Set to Grow at the Fastest Rate- Time to Grow your Reven …
The global volumetric video market is expected to be valued at USD 2.2 billion in 2023 and is projected to reach USD 7.6 billion by 2028; it is expected to grow at a CAGR of 28.6% from 2023 to 2028. The increasing need for the efficient use of holograms, 3D technologies, and AR VR products across all industries drives market growth. The volumetric video market in the US, UK, and…
Circuit Breaker Market Size to Reach $8.6 Billion by 2028 | ABB, Schneider Elect …
The global Circuit Breaker Market is projected to reach USD 8.6 billion in 2028 from USD 6.5 billion in 2023 at a CAGR of 5.5%. Key drivers for this growth include increasing investments in smart grid technologies aimed at protecting and controlling power equipment, as well as the replacement of aging infrastructure. Additionally, the demand for reliable transmission and distribution (T&D) networks presents high-growth opportunities for the Circuit Breaker Market.
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Unmanned Traffic Management (UTM) Market Projected to reach $1,098 million by 20 …
The report on the unmanned traffic management market provides a detailed trend analysis from 2019 to 2030. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market.
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The unmanned traffic management market is anticipated to reach USD 1,098 million by 2030, growing at a CAGR of 33.9% from USD 106 million in…
5G Chipsets Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The 5G Chipsets market is estimated to reach USD 81.0 billion by 2028, growing at a CAGR of 17.4% from 2023 to 2028. The speed and reliability of 5G are expected to have a massive impact on machine-to-machine (M2M), IoT, and smartphones. Key reasons for the increased adoption of new M2M technologies are better connectivity for smooth communication and low power requirement. The existing capacity of mobile networks must handle…
With 3.4% CAGR, Testing, Inspection and Certification (TIC) Market Growth to Sur …
The global testing, inspection, and certification (TIC) market is projected to grow from USD 223.9 billion in 2023 to USD 265.0 billion by 2028, registering a CAGR of 3.4% during the forecast period. Increasing safety norms for oil & gas exploration, and petroleum products, the presence of regulatory standards for safety & quality assurance of electronic components, and Rising investments in electric vehicles and automotive technology are key factors driving…
Antibody Drug Conjugates (ADC) Market worth $19.8 billion by 2028
Antibody Drug Conjugates (ADC) Market in terms of revenue was estimated to be worth $9.7 billion in 2023 and is poised to reach $19.8 billion by 2028, growing at a CAGR of 15.2% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The major factors driving the growth of the market are collaborations & partnerships among market players operating in the market, increasing focus on the development of new…
Softgel Capsules Market worth $1.5 billion by 2028
Softgel Capsules Market in terms of revenue was estimated to be worth $1.1 billion in 2023 and is poised to reach $1.5 billion by 2028, growing at a CAGR of 6.3% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by the benefits of softgel capsules, increasing demand for supplements and nutraceuticals, and rising demand for naturally sourced ingredients.
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Metabolism Assays Market worth $2.1 billion by 2028
Metabolism Assays Market in terms of revenue was estimated to be worth $1.4 billion in 2023 and is poised to reach $2.1 billion by 2028, growing at a CAGR of 7.8% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by rising initiatives by government to promote metabolic & disease research, innovation in metabolism assays technology by integrating with wearable…
Intensity-modulated Radiotherapy Market worth $2.8 billion by 2028
Intensity-modulated Radiotherapy Market in terms of revenue was estimated to be worth $2.2 billion in 2023 and is poised to reach $2.8 billion by 2028, growing at a CAGR of 5.2% from 2023 to 2028 according to a new report by MarketsandMarkets™. The expansion of the Intensity-modulated radiotherapy market is propelled by several synergistic factors, including robust healthcare infrastructure, escalating cancer prevalence, conducive reimbursement policies, technological innovations, active research initiatives,…
Antimicrobial Resistance Surveillance Market worth $7.7 billion by 2028
Antimicrobial Resistance Surveillance Market in terms of revenue was estimated to be worth $5.9 billion in 2023 and is poised to reach $7.7 billion by 2028, growing at a CAGR of 5.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in this market is majorly driven by growing prevalence of infections caused by drug-resistance pathogens, innovations in diagnostic technologies, and growing government initiatives to combat antimicrobial-resistance…
Radiation Shielding Material Market worth $980 million by 2028
Radiation Shielding Material Market in terms of revenue was estimated to be worth $714 million in 2023 and is poised to reach $980 million by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in the Medical Radiation Shielding market is mainly driven by the growing usage of nuclear medicine and radiation therapy for diagnosis and treatment and Increasing use…
Incontinence Care Products (ICP) Market worth $16.5 billion by 2028
Incontinence Care Products (ICP) Market in terms of revenue was estimated to be worth $12.6 billion in 2023 and is poised to reach $16.5 billion by 2028, growing at a CAGR of 5.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in the incontinence care products market is mainly driven by the increasing geriatric population and subsequent rise in the prevalence of chronic medical conditions, significant…
Moderna, Inc. (US) and Alnylam Pharmaceuticals, Inc. (US) are Leading Players in …
RNA Therapeutics Market in terms of revenue was estimated to be worth $13.7 billion in 2023 and is poised to reach $18.0 billion by 2028, growing at a CAGR of 5.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. Growth in this market is largely driven by factors such as the increasing number of partnerships and collaborations among market players and RNA technology manufacturers, expanding modalities for…
Cardiac Safety Services Market worth $1282 million by 2028
Cardiac Safety Services Market in terms of revenue was estimated to be worth $739 million in 2023 and is poised to reach $1,282 million by 2028, growing at a CAGR of 11.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is driven by rising incidence of cardiovascular diseases, large number of cardiac issue related clinical trials. Additionally, the increasing outsourcing of cardiac…
Laboratory Proficiency Testing Market is Expected to Reach $1.6 billion | Market …
Laboratory Proficiency Testing Market in terms of revenue was estimated to be worth $1.2 billion in 2023 and is poised to reach $1.6 billion by 2028, growing at a CAGR of 7.4% from 2023 to 2028 according to a new report by MarketsandMarkets™.
The growth of the laboratory proficiency market is primarily driven by stringent safety and quality regulations for food and pharmaceutical products, increasing focus on water testing, and increasing…
Coating Additives Market worth $10.5 billion by 2028 | Key players Evonik Indust …
According to recent market research the "Coating Additives Market by Type (defoamers, wetting & dispersing agents, rheology modifiers), Formulation (water-borne, solvent-borne), Application (architectural, industrial, automotive & transportation, wood & furniture), Region - Global Forecast to 2028", size was USD 8.3 billion in 2023 to USD 10.5 billion by 2028, at a CAGR of 4.7% from 2023 to 2028. Coating additives encompass chemical compounds or substances strategically integrated into coatings and…
Polyamide Market worth $55.7 billion by 2028 | Key players BASF SE (Germany), Ce …
According to recent market research the "Polyamide Market by Type (Polyamide 6, Polyamide 66, Bio-Based & Specialty polyamide), Application (Engineering Plastics, Fiber), and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2028", is projected to grow from USD 43.8 billion in 2023 to USD 55.7 billion by 2028, at a CAGR of 4.9% from 2023 to 2028. Growing demand for lightweight materials…
Offshore Decommissioning Market to Reach $8.0 Billion by 2027 | Baker Hughes, Ha …
The Offshore Decommissioning Market size is expected to grow from an estimated USD 5.2 billion in 2021 to USD 8.0 billion by 2027, at a CAGR of 7.4%. Aging offshore oil & gas infrastructure and maturing fields are driving the offshore decommissioning industry. Low oil prices of the past couple of years have made it even more difficult to maintain low production mature reserves, driving companies to accelerate decommissioning plans…
Global Viral Vector & Plasmid DNA Manufacturing Market worth $12.8 billion by 20 …
The viral vector manufacturing industry is poised for significant growth and innovation in the near future. As gene therapy and vaccine development continue to advance, the demand for viral vectors, which serve as delivery vehicles for therapeutic genes or vaccine antigens, is expected to rise. In response, the industry is focusing on optimizing manufacturing processes to meet the increasing demand for high-quality viral vectors. Advanced technologies, such as suspension cell…
Regenerative Medicine Market Size Worth USD 40.6 billion by 2027
Regenerative Medicine Market is projected to reach USD 40.6 billion by 2027 from USD 12.2 billion in 2022, at a CAGR of 27.2% according to a new report by MarketsandMarkets™. The major factors driving the growth of the regenerative medicine market are the availability of funding and rising investments in R&D, increasing clinical trials for stem cells and CAR-T cell therapies, and rising advancements in tissue engineered products.
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Aircraft Wire and Cable Market Set to Soar, Projected to Reach USD 1.9 Billion b …
The global market for aircraft wire and cable is experiencing significant growth, with an estimated value of USD 1.5 billion in 2021, projected to reach USD 1.9 billion by 2026. This notable expansion reflects a steady Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period, according to the latest report by MarketsandMarkets, a leading market research firm known for its comprehensive analyses of aerospace and defense technologies.
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