The global implant biomaterials market is growing steadily, valued at US$ 42.10 Bn in 2020 and expected to attain US$ 77.44 Bn by 2029. Worldwide growing adoption of orthopedic implants, dental and cardiovascular procedures, usage of advanced biomaterials along with preference for minimally invasive surgeries drive the growth of the market. Furthermore, the rising medical tourism in developing nations, growing healthcare expenditure, swift approval of new advanced biomaterials, and growing demand for customized implants in the dental segment are also fuelling the overall implant biomaterials market.
The global genomics market held US$ 18,964.2 Mn in 2020 and expected to grow at compound annual growth rate (CAGR) of 10.4% during the forecast period from 2025 to 2033. The exploration of genomics has surpassed in the last three decades to massive advancements in the technology that allowed the researchers to sequence larger pieces of genome.
The electric vehicle battery market was valued at US$ 3.59 Bn in 2020 and expected to grow at a CAGR of 20.2% during the forecast period from 2021 to 2029. The electric car revolution has become a hot investing theme in recent years as many believe it will transform the future of transport. Currently, push factors such as government support through taxes and incentives coupled with regulations on emissions are driving the market for electric vehicles. The aforementioned factors further make electric vehicles cheaper than cars with internal combustion engines (ICE) owing to which carmakers are investing heavily on R&D activities.
The sewing machines market was valued at US$ 62.35 Bn in 2020 and expected to be growing at a compounded annual growth rate (CAGR) of 4.6% from 2021 to 2029. After decades of struggle, the sewing machine market is finally experiencing a boost mainly owing to renewed interest in the DIY (do-it-yourself) culture.
Clean Label Starch market value is projected to exhibit the CAGR of 5.5% during the forecast period from 2021 to 2029. Clean label starch is functional native starch that are added to food & beverages in place of chemically modified starches to cater the need of consumers seeking natural products.
The currently available techniques applied in surface disinfection are consistently improving to adapt to any environment. Conventional disinfection activities mainly aim to supplement healthcare facilities and improve healthcare system efficiency. As the overall emphasis on disinfection and maintaining sterile environment is advancing, the use of surfaces with inherent antimicrobial properties is being considered as a potential alternative to disinfection. However, the possible high cost of these items and distant availability have made the use of disinfectants imperative.
The travel vaccines market is set to reach US$ 9,068.9 Mn by 2033 from US$ 4730.3 Mn in 2021 showcasing steady growth at a compounded annual growth rate (CAGR) of 7.5% during the forecast period from 2025 to 2033. As per the research findings of World Tourism Organization (WTO) the number of international arrivals throughout the globe is expected to reach 1.6 billion by 2020.
Lumber equipment market expected to exhibit a growth with a CAGR of 3.72% across the forecast period from 2021 to 2029. Lumber equipment used to manufacture wooden products with greater precision, quality and scale than manual processing. Lumber equipment are extensively used in pulp & paper, construction, timber factories & sawmills and other industries.
The global lighting control systems market is expanding at a CAGR of 14.2% during the forecast period from 2021 to 2029. The growth of this market is mainly credited to the increasing awareness about energy conservation worldwide. Efficient lighting is undervalued as a tool to achieve substantial energy savings.
The global electrophoresis equipment and supplies market accounted for a value of US$ 1,957.4 Mn in 2020 and expected to attain US$ 2,891.5 Mn by 2029. Factors characterizing the market growth are worldwide rising prevalence of cancer, genetic disorders, and infectious diseases, increasing research activities coupled with funding in the proteomics and genomics fields, surging number of industry-academic research institutes collaborations, and growing focus on next-generation sequencing (NGS) research activities. Furthermore, changing regulatory requirements in the healthcare sector and mounting need to curb healthcare expenditure across the world are likely to nurture the market growth.
