Global poultry processing equipment market was valued US$ 3,363.8 Mn in 2020, expanding at a CAGR 5.2% during the forecast period from 2021 to 2029. Changing consumer preference towards high protein and zero-fat food observed as one of the major factors driving the demand for poultry products across different geographic region. Global broiler meat production was 90.71 Mn metric tons in 2020 and expected to cross 92.47 Mn metric tons by end of 2021.
The global electrophysiology devices market accounted for a value of US$ 8,643.1 Mn in 2020 and expected to attain US$ 16,730.2 Mn by 2029. Variables of the market are globally growing older population base coupled with rising prevalence of atrial fibrillation (AF) & cardiovascular diseases (CVDs), technological advancements in electrophysiology devices, and the presence of favorable government initiatives.
The human microbiome market is set to reach US$ 1,990.5 Mn by 2029 from US$ 840.1 Mn in 2020 at a compound annual growth rate (CAGR) of 10.1% during the forecast period from 2021 to 2029. According to the research findings of World Health Organization (WHO), the burden associated with non-communicable diseases is set increase to 57% by 2020. The mortality rate related to chronic diseases will be more pronounced in the developing regions in comparison to the developed regions.
Medical X-ray detectors market accounted for a market value of US$ 2,165.5 Mn in 2017 and projected to grow at a CAGR of 5.1% during the forecast period from 2018 to 2026. A new generation of X-ray detectors equipped with large-area, flat-panel detectors with combination of thin-film transistor are eligible for providing rapid access to digital images.
Automatic teller machine (ATM) is a device that allows to carry out multiple activities associated with bank or financial institutes besides cash dispensing. ATM machines are becoming an indivisible part of modern day economy and one of the most reliable & referred sources for cash transaction. Economic reforms in developing countries helped ATM market to reach a market value of US$ 16.83 Bn in 2020. The market expected to reach a mark of US$ 33.16 Bn in 2029 growing with a considerable growth rate of 7.8% throughout the forecast period from 2021 to 2029.
Major companies engaged in healthcare market have understood a new paradigm to be in healthcare for women. Healthcare for women in itself presents a separate market with different needs, attitudes and preferences as against healthcare for men. Healthcare marketers understand that women are indispensable customers in the healthcare industry for reasons such as that they account for over 50% of all physician visits, and they are the primary decision makers in healthcare.
Automotive exhaust systems market valued at US$ 31.09 Bn in 2020, expected to grow with promising CAGR during the forecast period from 2021 to 2029. Essentially directed by Asia Pacific, automotive exhaust systems market majorly driven by rising production of automobiles across the globe.
Assembly line has become a key component of manufacturing process. Manufacturers across different industries facing challenges from rising market competition. Manufacturers across the globe are looking forward to reduce their operating cost and increase profitability is competitive environments. Use of assembly line solutions streamline product process and allows mass production for manufacturers while reducing manufacturing errors. It also helps manufacturers to ease out maintenance after product manufactured in assembly line. All these benefits are motivating manufacturers to invest in assembly line systems for lean manufacturing and to maintain their sustainability in competitive environments.
The global cancer diagnostics market to reach US$ 136.3 Bn in 2029 growing at compound annual growth rate (CAGR) of 6.1% during the forecast period from 2021 to 2029. The prime factors driving the global cancer diagnostics market is the rising prevalence of cancer worldwide. As per the World Health Organization (WHO), cancer accounted for the second leading cause of mortality, claiming to 8.8 million deaths in 2015 globally. The National Cancer Institute estimated around 1,685,210 new cancer cases in 2019 in the United States. As per the Centers for Disease Control and Prevention (CDC), cancer cases anticipated to increase by 2 million each year by 2020.
The solar power equipment market was valued at US$ 79.45 Bn in 2020 and expected to be growing at a compounded annual growth rate (CAGR) of 13.4% from 2021 to 2029. Solar power equipment refers to the devices and components that are used in the process of harnessing solar energy from sun. The demand for solar power equipment has been positively influenced by increasing focus on the part of governments of various countries to rely on solar energy.
