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Press Releases from Transparency Market Research (69666 total)

Cloud Artificial Intelligence (AI) Solutions Market Poised for Exponential Growt …

The Global Cloud Artificial Intelligence (AI) Solutions Market (클라우드 인공지능(AI) 솔루션 시장) is set for remarkable growth, with projections indicating a leap from $38.1 billion in 2022 to an estimated $254.6 billion by 2031. This represents a robust compound annual growth rate (CAGR) of 24.1% over the forecast period of 2023 to 2031. The rapid expansion of the market reflects the transformative potential of cloud-based AI technologies across diverse industries. Cloud-based

Global Smart Agriculture Market Poised for Significant Growth, Expected to Excee …

The Global Smart Agriculture Market (スマート農業市場), valued at approximately US$ 10.02 billion in 2020, is set to experience robust expansion, with an anticipated compound annual growth rate (CAGR) of 13.30% from 2021 to 2031. Market analysts project that the sector will surpass US$ 39.02 billion by the end of the forecast period, driven by advancements in technology and increasing adoption of digital solutions in farming practices. Download Sample PDF from Here-

Real-Time Flood Monitoring & Warning System Market Expected to Grow at 6.2% CAGR …

The Global Real-Time Flood Monitoring and Warning System Market (실시간 홍수 모니터링 및 경고 시스템 시장), valued at over USD 184.1 million in 2020, is set to witness substantial growth over the next decade. According to industry analysts, the market is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2031, ultimately surpassing USD 359.5 million by the end of the forecast period. The increasing

Global Asset and Wealth Management Market Set for Explosive Growth, Projected to …

The Global Asset and Wealth Management Market (資産および資産管理市場), valued at US$ 3.5 billion in 2021, is projected to expand at a robust CAGR of 13.0% from 2022 to 2031, reaching a market value of US$ 11.8 billion by the end of the forecast period. The asset and wealth management industry is witnessing rapid evolution, spurred by the integration of advanced technologies, regulatory changes, and shifting investor demographics. As technology plays an

Avocado Market Set to Surpass $45 Billion by 2031: A Surge in Health-Conscious C …

The global avocado market (아보카도 시장) is poised for significant growth, with a valuation of US$ 18.8 billion in 2022. Projections indicate a robust compound annual growth rate (CAGR) of 10.3% from 2023 to 2031, potentially reaching US$ 45.1 billion by the end of the forecast period. This surge is driven by a variety of factors, including rising consumer demand for healthy foods, increasing awareness of nutritional benefits, and the

Food Grade Iron Powder Market Set for Significant Growth, Projected to Reach $8. …

The global food grade iron powder market (식품 등급 철분 시장) is poised for significant growth, having been valued at approximately US$ 5.4 billion in 2022. Projections indicate a compound annual growth rate (CAGR) of 5.7% from 2023 to 2031, potentially reaching US$ 8.9 billion by the end of the forecast period. This expansion is largely driven by rising demand for fortified vegan food products, advancements in processing technologies, and

Recycled Plastic Outdoor Furniture Market Projected to Reach $6.7 Billion by 203 …

The global recycled plastic outdoor furniture market (재활용 플라스틱 야외 가구 시장) is on a promising trajectory, having been valued at approximately US$ 3.3 billion in 2023. Projections indicate a robust growth rate of 6.6% CAGR from 2024 to 2034, potentially reaching US$ 6.7 billion by the end of the forecast period. This growth is driven by a rising consumer preference for sustainable practices and a demand for versatile and

Thermal Cameras Market Set to Reach $6.9 Billion by 2034, Driven by Defense and …

The global thermal cameras market (열화상 카메라 시장) is poised for significant growth, projected to expand from a valuation of US$ 3.1 billion in 2023 to approximately US$ 6.9 billion by the end of 2034. This growth represents a compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. The surge in demand for thermal imaging technology is driven by various factors across multiple sectors, particularly defense and construction. Get

E-beam Cross-Linked Marine Cables Market to Reach US$ 13.6 Billion by 2034, Grow …

The global e-beam cross-linked marine cables market (Marché des câbles marins réticulés par faisceau électronique), valued at US$ 6.3 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2034, reaching an estimated value of US$ 13.6 billion by the end of 2034. The market growth is driven by an emphasis on safe navigation, robust communication in the marine sector, and

Downhole Control Lines Market to Reach USD 12.9 Billion by 2034, Growing at an 8 …

The global downhole control lines market (Markt für Bohrlochkontrollleitungen), valued at US$ 5.2 billion in 2023, is poised for significant growth over the next decade. With a projected compound annual growth rate (CAGR) of 8.7% from 2024 to 2034, the market is estimated to reach US$ 12.9 billion by the end of 2034. This growth is driven by increased investments in oil and gas exploration and advancements in smart well

Landing String Equipment Market to Reach USD 2.6 Billion by 2034, Growing at a 6 …

The global landing string equipment market (Markt für Landestrangausrüstung), valued at USD 1.3 billion in 2023, is poised for significant growth. Projected to expand at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2034, the market is expected to reach USD 2.6 billion by the end of the forecast period. Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81687&utm_source=OpenPR_Sandeep&utm_medium=OpenPR Analyst Viewpoint The growth of the landing string equipment market is driven by the

Distributed Buoyancy Module Market to Double to USD 161.5 Million by 2034, Growi …

The global distributed buoyancy module market (marché des modules de flottabilité distribués) was valued at US$ 80.9 million in 2023. With the rising adoption of floating solar farms and increasing demand for clean and renewable energy sources, the market is projected to advance at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2034, reaching an estimated US$ 161.5 million by the end of the forecast period. Download Sample

At a CAGR of 7.4%, Bromelain Market Size to Worth USD 755.0 Million by 2034 …

Bromelain is a group of proteolytic enzymes extracted from pineapple stems and fruit, known for its anti-inflammatory, digestive, and therapeutic properties. It has a wide range of applications, including in dietary supplements, pharmaceuticals, food processing, and cosmetics. The increasing awareness of natural health products and the growing demand for functional foods and alternative medicine have significantly contributed to the growth of the Bromelain market. This post provides an overview of

At a CAGR of 7.8%, Gemcitabine HCl Market Size Will Estimated to Reach USD 1.3 …

Gemcitabine Hydrochloride (HCL) is a widely used chemotherapeutic agent, primarily indicated for the treatment of various cancers, including non-small cell lung cancer, pancreatic cancer, bladder cancer, and breast cancer. As a nucleoside analog, Gemcitabine HCL interferes with DNA replication, leading to the inhibition of tumor growth. The increasing incidence of cancer globally has led to a significant demand for effective chemotherapeutic agents, positioning the Gemcitabine HCL market as a vital

Macular Degeneration Treatment Market Size is Projected to Touch 21.1 Billion, …

Macular degeneration, particularly age-related macular degeneration (AMD), is a leading cause of vision loss among older adults, affecting millions of people worldwide. This progressive eye condition primarily affects the macula, the central part of the retina, leading to blurred or lost central vision. The growing prevalence of macular degeneration, especially in aging populations, has driven significant demand for effective treatments, fueling the expansion of the macular degeneration treatment market. This

Pharma 4.0 Market Size is Estimated to Reach 46.9 Billion, Expanding at a CAGR o …

Pharma 4.0 represents the next generation of pharmaceutical manufacturing and operations, incorporating advanced technologies such as automation, data analytics, artificial intelligence (AI), and the Internet of Things (IoT) to transform the industry. This revolution aims to improve efficiency, enhance quality, and drive innovation in drug production and delivery. As the pharmaceutical industry embraces these cutting-edge technologies, the Pharma 4.0 market is rapidly evolving. This post provides an overview of the

AI in Cancer Diagnostics Market Revenue to Reach USD 2.0 Bn by 2031 | Says Trans …

The integration of artificial intelligence (AI) in cancer diagnostics is revolutionizing the healthcare industry, offering unprecedented accuracy and efficiency in detecting and treating various types of cancer. AI technologies, through their ability to analyze vast amounts of data quickly and accurately, are transforming the way cancer is diagnosed and managed. This transformation is not only enhancing the precision of diagnostics but also paving the way for personalized treatment plans that

Wearable Heart Monitoring Devices Market Size to be Worth USD 5.8 Bn by 2031, Gr …

The wearable heart monitoring devices market (웨어러블 심장 모니터링 장치 시장) is poised for significant growth, driven by advancements in technology and increasing health awareness. As more people become conscious of their health, the demand for devices that can provide real-time monitoring and data analysis is on the rise. These devices are not only convenient but also offer a non-invasive way to keep track of heart health, making them an

Rehabilitation Robots Market Predicted to Hit USD 3.5 Bn by 2031, with a 18.2% C …

The rehabilitation robots market (재활 로봇 시장) is experiencing rapid growth, driven by advancements in technology and increasing demand for innovative healthcare solutions. These robots are designed to assist patients in recovering from various physical and mental conditions, offering a blend of therapeutic exercises and support. As the global population ages and the prevalence of chronic diseases rises, the need for effective rehabilitation tools becomes more critical. Rehabilitation robots are

Smart Medical Implants Market Anticipated to Surpass USD 24.8 Bn by 2031, Demons …

The smart medical implants market (스마트 의료 임플란트 시장) is experiencing rapid growth, driven by advancements in technology and increasing demand for innovative healthcare solutions. These implants, which integrate advanced electronics and sensors, offer significant improvements over traditional medical devices. They provide real-time monitoring, adaptive responses, and enhanced functionality, making them invaluable in modern healthcare. As the population ages and the prevalence of chronic diseases rises, the need for such

Toxicology Drug Testing Market is Projected to Surpass USD 55.9 Bn by 2031, Grow …

The toxicology drug testing market (독성학 약물 테스트 시장) has seen significant growth in recent years, driven by advancements in testing technologies and increasing demand for drug safety. As the pharmaceutical industry continues to expand, the need for comprehensive drug testing has become more critical than ever. Toxicology drug testing plays a vital role in ensuring that new drugs are safe for human use, identifying potential side effects, and preventing

Cell Analysis Market Expected to Achieve USD 42.4 Bn with a CAGR of 9.2% by 2031 …

The cell analysis market (세포 분석 시장) is experiencing significant growth, driven by advancements in biotechnology and increasing demand for personalized medicine. As researchers and healthcare providers seek more precise and efficient methods to study cellular functions, the need for advanced cell analysis techniques has surged. This market encompasses a wide range of technologies and applications, from basic research to clinical diagnostics, making it a cornerstone of modern biomedical science. In

Surgical Lighting Systems Market: Experiencing Rapid Growth, expected to Reach U …

The surgical lighting systems market (수술 조명 시스템 시장) has been witnessing significant growth, driven by advancements in medical technology and increasing demand for efficient surgical procedures. As healthcare facilities strive to improve patient outcomes and surgical precision, the need for high-quality lighting systems in operating rooms has become paramount. These systems not only enhance visibility but also contribute to the overall safety and success of surgical interventions. This blog

Sheet Face Mask Market Current Scenario and Future Growth Analysis by 2031 || 3L …

While estimations vary slightly between market research firms, the overall picture paints a positive outlook. Market analysts at Transparency Market Research predict a CAGR of 7.1% from 2022 to 2031, reaching a market size of USD 4.5 billion by 2031. This growth signifies the increasing popularity of sheet face masks (Sustrato de mascarilla facial en láminas) as a convenient and effective skincare routine. Get Sample Copy of this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17687 Market

Kitchen Knives Market Highlights On Future Development 2031 || Friedr. GmbH & Co …

The global kitchen knives market (marché des couteaux de cuisine) has witnessed steady growth in recent years, driven by increasing culinary activities, rising interest in home cooking, and the growing trend of culinary arts. The market is characterized by a diverse range of products catering to various culinary needs, from basic utility knives to specialized chef's knives. Technological advancements and innovations in materials have also played a significant role in

Air Conditioning System Market Analysis On Future Development 2031 || Lennox Int …

The global air conditioning system market (空調システム市場)was valued at USD 1.68 billion in 2022 and is estimated to reach USD 2.70 billion by 2031, growing at a CAGR of 4.9% during the forecast period. Rising disposable incomes, growing urbanization, and expanding construction activities in emerging economies are key growth drivers. Increasing focus on energy efficiency and sustainable solutions due to environmental concerns is shaping the market dynamics. Get Sample Copy of this Report

3D Printing Medical Devices Market Set for Explosive Growth, Reaching US$ 6.6 Bi …

The Global 3D Printing Medical Devices Market (3D 프린팅 의료 기기 시장) was valued at an impressive US$ 1.7 billion in 2022, and industry forecasts suggest a robust growth trajectory, with the market expected to advance at a compound annual growth rate (CAGR) of 16.3% from 2023 to 2031. By the end of the forecast period, the market is projected to reach an estimated value of US$ 6.6 billion. Analysts attribute

Global Solid State Cooling Market Projected to Grow at 7.3% CAGR, Hitting US$ 1. …

The Global Solid State Cooling Market (ソリッドステート冷却市場) was valued at approximately US$ 780.0 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2034, reaching an estimated market value of US$ 1.7 billion by the end of 2034. This significant growth is fueled by the increasing demand for energy-efficient semiconductor refrigeration and the growing adoption of thermoelectric cooling technology across

Pulsed Laser Deposition Systems Market to Reach US$ 46.1 Mn by 2034 with Steady …

The Global Pulsed Laser Deposition (PLD) Systems Market (펄스 레이저 증착(PLD) 시스템 시장), valued at US$ 32.7 million in 2023, is anticipated to experience significant growth over the next decade. Projected to expand at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2034, the market is expected to reach US$ 46.1 million by the end of 2034. This growth is driven by increasing demand for advanced materials

Global Synchrophasors Market Set to Skyrocket: Projected to Reach US$ 2.0 Bn by …

The Global Synchrophasors Market (Marché des synchrophaseurs), valued at US$ 258.9 million in 2023, is poised for remarkable expansion. With a projected CAGR of 20.5% from 2024 to 2034, the market is expected to reach a valuation of US$ 2.0 billion by the end of 2034. Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2651&utm_source=Openpr&utm_medium=Amit The synchrophasors market is on the cusp of significant growth, driven by the rising complexities and challenges of modern power

Apple Juice Market Set to Reach $9.6 Billion by 2031, Driven by Health Trends

The global apple juice market (사과 주스 시장) is poised for significant growth, valued at approximately US$ 7.8 billion in 2022. With a projected compound annual growth rate (CAGR) of 2.4% from 2023 to 2031, the market is expected to reach US$ 9.6 billion by the end of the forecast period. This growth can largely be attributed to rising consumer preferences for healthier beverages and the expansion of distribution networks. Get

Apple Cider Vinegar Market Set to Reach $1.6 Billion by 2031, Driven by Health T …

The apple cider vinegar (ACV) market (사과식초 시장) has experienced substantial growth, with a valuation of US$ 990.1 million in 2022. Forecasts suggest a CAGR of 5.7% from 2023 to 2031, propelling the market to an estimated US$ 1.6 billion by the end of the forecast period. This growth is driven by changing consumer preferences and the expansion of online retail channels, making ACV increasingly accessible to health-conscious shoppers. Get Sample

Non-Alcoholic Spirits Market Set to Reach $1.2 Billion by 2034 Amid Rising Consu …

The global non-alcoholic spirits market (무알콜 주류 시장) has experienced significant growth, valued at approximately US$ 531.9 million in 2023. Projections indicate a robust compound annual growth rate (CAGR) of 7.4%, potentially reaching US$ 1.2 billion by the end of 2034. This upward trajectory is driven by evolving consumer preferences, favorable regulations, and an increasing inclination toward convenient beverage options. Get Sample PDF Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86201 Market Drivers Shift Toward Convenience Beverages One of

Solar PV Junction Box Market Dynamics and Forecast: Industry to Reach USD 2.4 Bn …

The global solar PV junction box market (태양광 PV 정션박스 시장) has been experiencing robust growth and is expected to continue its upward trajectory over the forecast period from 2023 to 2031. In 2022, the industry was valued at approximately US$ 1.2 billion. With a projected compound annual growth rate (CAGR) of 7.9%, the market is set to double its value, reaching US$ 2.4 billion by the end of 2031.

Europe's Equine Insurance Market Set to Soar: Projected Growth to USD 2 Billion …

The equine insurance market (유럽​​말 보험 시장) in Europe is poised for significant growth, projected to reach a valuation of approximately USD 2 billion by 2034, up from USD 792.9 million in 2023. This growth, which represents a compound annual growth rate (CAGR) of 9.0% from 2024 to 2034, is fueled by a deep-rooted equestrian culture, increasing participation in equestrian activities, and the evolving needs of horse owners. Get Sample PDF

Hygiene Breathable Films Market to Reach USD 1.2 Bn by 2032: Growth Projections …

The global hygiene breathable films market (衛生通気性フィルム市場) was valued at USD 780.4 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2032, reaching an estimated value of USD 1.2 billion by the end of the forecast period. The market growth is driven by increasing demand for baby diapers, sanitary napkins, and other hygiene products, alongside advancements in film technology

Wrapping Paper Market Set for Steady Growth, Valued at USD 6.9 Bn by 2032

The global wrapping paper market (포장지 시장) was valued at USD 4.5 billion in 2023 and is projected to grow at a CAGR of 4.0% from 2024 to 2032, reaching USD 6.9 billion by the end of 2032. The market's growth is fueled by escalating fast food consumption and an increase in the use of wrapping paper for festive gift presentations. Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46812&utm_source=OpenPR_Sandeep&utm_medium=OpenPR Analyst Viewpoint Wrapping paper is utilized

Plastic Punnets Industry Analysis: From USD 790.4 Mn in 2023 to US$ 1.2 Bn in 20 …

The global plastic punnets market (플라스틱 주걱 시장), valued at US$ 790.4 million in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.6%, reaching over US$ 1.2 billion by 2032. This growth is driven by the increasing demand for efficient and hygienic packaging solutions, particularly in the food industry. Download Sample Report Copy Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40622&utm_source=OpenPR_Sandeep&utm_medium=OpenPR Analyst Viewpoint Plastic punnets are crucial for protecting fruits, vegetables, and meat products

Image Based Cytometry in Cell Analysis Market to Hit USD 6.5 Bn by 2031, with 10 …

The image-based cytometry in cell analysis market (세포 분석에서 이미지 기반 세포 계수 시장) is experiencing significant growth, driven by advancements in technology and increasing applications across various industries. This innovative technology allows for the detailed analysis of cells by capturing and analyzing images, providing valuable insights into cell morphology, function, and behavior. As the demand for precision medicine and personalized treatments continues to rise, the importance of accurate and

Cell and Gene Therapy Manufacturing Quality Control (QC) Market Projected to Rea …

The cell and gene therapy manufacturing quality control (QC) market (세포 및 유전자 치료 제조 품질 관리 시장) is experiencing unprecedented growth, driven by advancements in biotechnology and increasing demand for personalized medicine. As these therapies offer the potential to treat and even cure previously untreatable diseases, ensuring their safety, efficacy, and consistency through rigorous QC processes is paramount. This blog post delves into the various aspects of the QC

eClinical Solutions Market Expected to Reach USD 29.9 Bn by 2031, Growing at a C …

The eClinical solutions market (eClinical 솔루션 시장) is experiencing rapid growth, driven by advancements in technology and increasing demand for efficient clinical trial management. As the pharmaceutical and biotechnology industries continue to expand, the need for streamlined processes and real-time data analysis becomes more critical. eClinical solutions offer a comprehensive suite of tools that enhance the efficiency, accuracy, and speed of clinical trials, making them indispensable in today's fast-paced research

Laboratory Automation Systems Market Size & Share to Surpass USD 11.0 Bn by 2031 …

The global laboratory automation systems market (실험실 자동화 시스템 시장) is poised for significant growth, driven by advancements in technology and increasing demand for efficient laboratory processes. As laboratories strive to enhance productivity and accuracy, automation systems have become indispensable. These systems not only streamline workflows but also minimize human error, ensuring more reliable and reproducible results. The integration of robotics, artificial intelligence, and machine learning into laboratory operations is

Cell and Gene Therapy Manufacturing Market Size to Reach USD 8.8 Bn by 2031, Thr …

The cell and gene therapy manufacturing market (세포 및 유전자 치료 제조 시장) is experiencing unprecedented growth, driven by advancements in biotechnology and increasing demand for innovative treatments. These therapies represent a significant leap forward in medical science, offering the potential to cure previously untreatable diseases. As the industry evolves, it is crucial to understand the factors contributing to its expansion and the implications for healthcare worldwide. The global cell and

Transdermal Skin Patches Market Size Projected to Grow at a 4.6% CAGR, Globally, …

The transdermal skin patches market (경피 피부 패치 시장) has been witnessing significant growth, driven by advancements in technology and increasing demand for non-invasive drug delivery systems. These patches offer a convenient and effective way to administer medications through the skin, bypassing the digestive system and providing a steady release of drugs over time. This method not only improves patient compliance but also enhances the therapeutic efficacy of the drugs.

HbA1c Laboratory Testing Market is Projected to Surpass USD 9.5 Bn by 2031, Grow …

The HbA1c laboratory testing market (HbA1c 실험실 테스트 시장) has seen significant growth over the past decade, driven by advancements in technology and increasing awareness of diabetes management. As diabetes continues to be a major global health concern, the need for accurate and reliable diagnostic tools has never been more critical. HbA1c testing, which measures the average blood glucose levels over the past two to three months, has become a

Ebola Virus Vaccine Market Will Projected to Boom at a CAGR of 6.9% by 2034 …

Ebola virus disease (EVD) is a severe and often fatal illness caused by the Ebola virus. The virus, which is transmitted to humans from wild animals and spreads through human-to-human transmission, has caused several deadly outbreaks, primarily in Africa. The high mortality rate of Ebola and the devastating impact of outbreaks have driven significant efforts to develop effective vaccines. The introduction of Ebola virus vaccines has been a critical step

At a CAGR of 9.6%, Electroencephalography Devices Market Size Will Touch USD …

Electroencephalography (EEG) is a non-invasive diagnostic method that records electrical activity in the brain. EEG devices are essential tools in neurology and are used to diagnose and monitor conditions such as epilepsy, sleep disorders, brain tumors, stroke, and other neurological disorders. The increasing prevalence of neurological conditions and the growing demand for advanced diagnostic tools are driving the expansion of the EEG devices market. This post provides an overview of

Enzyme Inhibitor Market Size Will Anticipated to Reach USD 5.9 Billion, Grow at …

Enzyme inhibitors are molecules that bind to enzymes and decrease their activity. They play a critical role in regulating various biological processes and have become vital in the development of numerous therapeutic drugs. Enzyme inhibitors are used to treat a wide range of conditions, including cardiovascular diseases, cancer, neurological disorders, and infectious diseases. The growing demand for targeted therapies and the increasing prevalence of chronic diseases are driving the expansion

Endometriosis Treatment Market Size Will Anticipated to Reach USD 3.1 Billion, …

Endometriosis is a chronic and often painful condition where tissue similar to the lining of the uterus grows outside the uterine cavity, leading to symptoms such as severe pelvic pain, infertility, and heavy menstrual bleeding. It affects millions of women worldwide and can significantly impact their quality of life. Despite its prevalence, endometriosis remains underdiagnosed and undertreated, creating a growing demand for effective treatments. This post delves into the endometriosis

Glass Tableware Market Competitive Environment and Forecast 2023 - 2031 || Ancho …

Glass tableware (유리 식기) encompasses a range of containers and objects made from glass, primarily used for serving and storing food and beverages. It is valued for its aesthetic appeal, durability, and ease of cleaning. Market Size and Growth: The global glass tableware market (marché de la vaisselle en verre) size stood at USD 12.5 billion in 2022 and is estimated to reach USD 17.0 billion by 2031, growing at a CAGR

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