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Showing posts from January, 2024

The Global Disinfectant Robot Market Growth Accelerated by Increased Adoption in Hospitals

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Disinfectant Robot Market Disinfectant robots help eliminate harmful pathogens, including viruses and bacteria, from the healthcare environment while minimizing human exposure. These robots use ultraviolet light, steam, or disinfectant spray methods to sanitize hospital rooms and equipment. The growing prevalence of hospital-acquired infections and implementation of stringent regulations regarding hygiene and sterilization are augmenting the demand for disinfectant robots. The global disinfectant robot market is estimated to be valued at US$ 1472.19 Bn in 2024 and is expected to exhibit a CAGR of 8.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of disinfectant robots in hospitals is one of the key trends fueling market growth. According to the Centers for Disease Control and Prevention (CDC), around 1 in 25 hospital patients contract at least one hospital-acquired infection.

Digital Biomarkers Market Growth Accelerated by Adoption of Digital Biomarkers in Healthcare

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Digital Biomarkers Market Digital biomarkers incorporate technology and tools to digitally measure human physiological signals and behavior for clinical or medical purposes. Digital biomarkers can offer highly objective and quantifiable data compared to traditional subjective assessments. The global Digital Biomarkers Market is estimated to be valued at US$ 3.3 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of digital biomarkers is increasing exponentially driven by the growing need for precision medicine and remote patient monitoring. Digital biomarkers offer continuous and objective monitoring of patients without physical visits to clinics or hospitals. This allows early detection of therapeutic response as well as monitoring of disease progression. Various technology companies and digital health platforms are integrating digital

Granular Urea Market Growth Accelerated by Rising Production of Urea Fertilizers

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Granular Urea Market Granular urea is a synthetic nitrogen fertilizer produced industrially from ammonia and carbon dioxide. It is widely used for its high nitrogen content and compatibility with modern agricultural machinery for direct application to soils. The global granular urea market demand is driven by its usage in boosting crop yields across corn, wheat and rice cultivation. The granules offer uniform distribution and prevent nutrient losses through volatilization, supporting farmers to optimize fertilizer usage. The global granular urea market is estimated to be valued at US$ 47.18 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising production of urea fertilizers is one of the key factors augmenting the global granular urea market growth. Approximately 60% of nitrogen fertilizers consumed globally are produced in the form of urea. Urea

Biodegradable Fabrics Market Growth Accelerated by Strong Government Support

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Biodegradable Fabrics Market Biodegradable fabrics are made from sustainable and eco-friendly materials that decompose naturally without harming the environment. These fabrics are beneficial as they reduce pollution caused by the disposal of non-biodegradable textiles. Biodegradable fabrics are increasingly being used in various applications like apparel, home textiles, and agricultural fabrics. The global Biodegradable Fabrics Market is estimated to be valued at US$ 6.76 Bn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Growing awareness regarding environmental protection and scarcity of landfill space has compelled governments worldwide to implement stringent regulations promoting the use of biodegradable products. Many countries have either banned or levied heavy taxes on non-biodegradable plastics. This strong policy push by regulators is a major f

Genome Engineering Market Growth Accelerated by Increasing Demand in Healthcare and Agriculture

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Genome Engineering Market Genome engineering technologies are used for modifying cellular DNA and RNA through the use of programmable nucleases. These technologies offer several advantages such as treatment of inherited genetic diseases, development of genetically modified crops with higher yields, and production of therapeutic proteins. Growing applications in the areas of healthcare and agriculture have increased the demand for genome engineering tools. The global Genome Engineering Market is estimated to be valued at US$ 6.87 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand for genome engineering in healthcare and agriculture is one of the major trends driving market growth. In the healthcare sector, genome engineering tools are being used for developing therapies for major diseases like cancer. CRISPR gene editing is being ext

Genetically Modified Crops Market Growth Accelerated by Increased Adoption of Drought and Pest Resistant Crops

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Genetically Modified Crops Market The global Genetically Modified Crops Market has witnessed substantial growth over the past few years owing to the growing need for high yield and nutrition enriched crops to meet the increasing global food demand. Genetically modified crops are designed to resist pests, diseases, herbicides, or stress conditions such as lack of water or cold temperatures which makes them highly suitable for cultivation. The global Genetically Modified Crops Market is estimated to be valued at US$ 126.99 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased adoption of drought and pest resistant genetically modified crops is one of the key trends driving the growth of the genetically modified crops market. These genetically modified seeds have properties such as the ability to grow in low rainfall areas, resistance to leaching, an

Lidocaine Patches Market Growing Application in Pain Management Drives Growth

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  Lidocaine Patches Market Lidocaine patches provide pain relief to patients suffering from post-herpetic neuralgia (PHN), also known as shingles pain, and other neuropathic pain conditions. Lidocaine patches work by delivering numbing agent lidocaine through the skin directly to the skin and nerves where it is needed. This reduces pain signals from being sent to the brain without circulating through the bloodstream and causing systemic side effects. The global lidocaine patches market is estimated to be valued at US$ 6.47 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased research collaborations between market players: Lidocaine patches market has witnessed increased focus on research collaborations and partnerships between market players. For instance, in 2021, Durect Corporation and CASI Pharmaceuticals, Inc. announced a licensing agreement

The Latin America Bone Graft and Substitutes Market is estimated to Accelerated by Increasing Joint Disorders

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Latin America Bone Graft and Substitutes Market Bone grafts and substitutes are medical procedures and bone biomaterials widely used in orthopedic and dental surgeries to support new bone formation and facilitate bone healing in cases of fractures or other bone defects. It helps to fill bone voids or gaps created by injuries, disease, or surgery. The increasing prevalence of osteoporosis, sports injuries, and trauma-induced fractures is expected to drive the demand for bone graft substitutes. Growing geriatric population suffering from joint disorders and injuries is increasing the need for bone graft surgeries in the Latin America region. The Latin America Bone Graft and Substitutes Market is estimated to be valued at US$ 559.36 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends fueling the Latin America bone graft and substitute

Kitchen Organization Market Accelerated by Growing Adoption of Storage Solutions

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Kitchen Organization Market Kitchen organization products help in arranging kitchen utensils and groceries in an organized manner for easy access and maintaining cleanliness. Products such as cabinets, racks, containers are essential for storing items like cups, plates, spices, dry foods etc. The growing need for effectively utilizing small kitchen space and arranging items systematically is driving the demand for kitchen organization products. The global Kitchen Storage Organization Market is estimated to be valued at US$ 161.02 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends accelerating the growth of the kitchen storage organization market is the rising adoption of multifunctional and space-saving solutions. Changing lifestyles and smaller living spaces have increased the demand for kitchen storage products that occupy less

Infrared Thermometer Market Growth Accelerated by Rising Demand for Contactless Temperature Measurement

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Infrared Thermometer Market Infrared thermometers are medical devices used for temperature measurement without physical contact by sensing infrared energy emitted by the body. The non-contact nature and ease of use make infrared thermometers popular for applications like fever screening. Increasing awareness about health and hygiene is driving demand for infrared thermometers from sectors like healthcare, industrial, etc. Ramping up of contactless screening infrastructure at hospitals, airports, malls and other public places amid the pandemic has further propelled the market growth. The global Infrared Thermometer Market is estimated to be valued at US$ 14 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Technological advancements are one of the key trends shaping the infrared thermometer market. Manufacturers are focusing on developing smart infrare

Inflammatory Bowel Disease Market Growing Adoption Accelerated by Increasing Prevalence

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Inflammatory Bowel Disease Market Inflammatory bowel disease (IBD) refers to chronic conditions of the colon and small intestine namely Crohn's disease and ulcerative colitis. Products used in the treatment of IBD help control symptoms, promote remission, and prevent disease flares. Drugs such as aminosalicylates, immunosuppressants, corticosteroids and biologics are commonly used to treat IBD. The global Inflammatory Bowel Disease Market is estimated to be valued at US$ 21.5 billion in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing prevalence of IBD has accelerated the growing adoption of various treatment options. The rising prevalence of IBD worldwide can be attributed to changing lifestyle patterns, increasing consumption of processed and junk foods, growing pollution levels etc. According to CCF, over 10 million people suffer from IB

Live Package Tracking Market Growth Accelerated by Integration With E-Commerce Platforms

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Live Package Tracking Market The live package tracking market tracks delivery of goods purchased online or offline. It provides customers real-time updates about package location and estimated delivery times. This allows customers to manage expectations and schedules accordingly. The global Live Package Tracking Market is estimated to be valued at US$ 4.52 Bn in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Integration of live package tracking solutions with major e-commerce platforms has been a key trend driving market growth. Major e-commerce retailers have integrated live tracking features that allow customers to view package status and location directly on retailer websites or within order confirmation emails. This has significantly improved customer experience during the delivery process. It also allows retailers to track shipments and resolve any d

In-Vehicle Payment Services Market Accelerated by Growing Demand for Contactless Payment Solutions

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In-Vehicle Payment Services Market In-vehicle payment services enable driver's and passengers to make secure payments directly from their vehicle using technologies like Near Field Communication (NFC), Bluetooth or GPS. These services facilitate contactless payment for transportation services, food orders, tolls and parking without the need to stop the vehicle or handle cash. The convenience of contactless payments is driving greater adoption of in-vehicle payment solutions. The global In-Vehicle Payment Services Market is estimated to be valued at US$ 7.24 Bn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing demand for contactless payment solutions from commuters and tech-savvy drivers is a major trend fueling the growth of in-vehicle payment services market. Contactless payments allow for a swift transaction experience without physical c

Integrase Inhibitors Market Growth Accelerated by Rising Prevalence of HIV

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Integrase Inhibitors Market The integrase inhibitors market consists of drugs that work by interfering with HIV replication by inhibiting the integrase enzyme, which is essential for viral replication. The integrase inhibitors offer increased potency, limited long term toxicities and higher genetic barrier to resistance compared to other classes of anti-retrovirals. The global integrase inhibitors market is estimated to be valued at US$ 33.8 Bn in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising prevalence of HIV around the world has been a major driver of growth in the integrase inhibitors market. According to UNAIDS, approximately 38 million people were living with HIV globally in 2020. Sub-Saharan Africa remains the worst affected region, with over 85% of the global new infections occurring here. In 2021, there were an estimated 1.5 million new i

Industrial Energy Efficiency Market Growth Accelerated by Rising Demand for Energy-Efficient Solutions

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Industrial Energy Efficiency Market Industrial energy efficiency solutions help optimize energy usage and reduce associated costs in various industrial verticals such as manufacturing, oil and gas, mining, etc. These solutions enable monitoring and management of energy consumption through software and services. They improve productivity, reduce production costs, and decrease carbon footprint . The global Industrial Energy Efficiency Market is estimated to be valued at US$ 150 billion in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major trends driving the growth of the industrial energy efficiency market is the rising demand for energy-efficient solutions across various industries to curb energy costs and maximize profits. Manufacturing industries are the primary adopters of these solutions as they help reduce electricity consumption required f

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