In terms of value, the global footwear market stood at US$ 250.5 Bn in 2021 and is expected to reach 314.5 Bn by 2033, expanding at a CAGR of 3.1% during the forecast period from 2025 to 2033. The Asia Pacific dominated the footwear market in 2020 and is expected to remain dominant throughout the forecast period. The region is expected to witness the fastest growth during the forecast period.
The global insecticides market was valued at US$ 18.47 Bn in 2020 and expected to reach US$ 30.62 Bn by the end of the forecast period, expanding at a CAGR of 5.9% during the forecast period from 2021 to 2029. Latin America led the market in 2020 and expected display similar trend in the coming years as well. However, Asia Pacific is expected to be the fastest growing market for insecticides during the forecast period.
Cellulite reduction devices market accounted for a market value of US$ 422.1 Mn in 2020 and projected to grow at a CAGR of 7.1% during the forecast period from 2021 to 2029. According to the American Society of Plastic Surgeons (ASPS), around 2/3rd of the total cosmetic procedures carried out in the U.S every year are now minimally invasive.
Hypothyroidism as a syndrome was first recognized in the 1870s and its treatment with animal extracted thyroid was achieved in 1890s. Since 1927, synthetic thyroid hormone replacement therapy has been available, and in the recent years, there has been a minor shift in treatment away from levothyroxine. The currently popular treatment forms include use of liothyronine T3 as a monotherapy or even commonly combined with levothyroxine T3/T4. However, there is not current formulation of T3/T4 that completely replicates the natural hormone pattern released from human thyroid.
The medical aesthetics market is set to reach US$ 30 billion by 2029 from above US$ 11.5 billion in 2019 promoting outstanding growth at a compounded annual growth rate (CAGR) of 9.9 % during the forecast period from 2021 to 2029.
The diagnostic testing for STD’s market is set to reach US$ 53,630.9 Mn by 2029 from US$ 24,981.3 Mn in 2020 performing steadily at a compounded annual growth rate (CAGR) of 8.9% during the forecast period from 2021 to 2029. As per the latest research citing of World Health Organization (WHO) more than I million people get infected with sexually transmitted disease throughout the world every day.
The global palm vein biometrics market is expected to expand at a CAGR of 16.5% during the forecast period from 2021 to 2029. With the advent of digitalization, cybercrime, fraud and cyber theft are on the rise. This has forced business organizations and commercial facilities to adopt most reliable, secure, and accurate identity authentication techniques for physical access, data access, and general security.
Pure water supply is one of the most crucial concerns faced by different commercial and public places. Subsequently, water purifiers market has gained immense pace over the past few years. Nevertheless, higher cost of water purifiers has ensured packaged water bottles to emerge as a strong business directed majorly towards commercial spaces.
The global cDNA and oDNA microchips market is growing effectively, was valued at US$ 547.2 Mn in 2020 and expected to reach US$ 1254.0 Mn by 2029. The global market is growing productively at a CAGR of 9.7% during the forecast period. Incorporation of new technologies in the biological and electronic component of microchips is enhancing the overall growth globally. Advancement in nanotechnology, clinical diagnostics, cancer research, and agriculture also reflects favorable growth during the forecast period. High global prevalence of cancer provides major opportunity in the global market.
Naloxone is an opioid antagonist designed to rapidly reverse opioid overdose. Naloxone can restore the normal respiration of a person whose breathing has stopped or slowed down due to opioid or heroin overdose. Currently, opioid abuse is one of the foremost causes of drug overdose and is a leading cause of death globally. However, it is more common in North America and Europe.
