Global Market Insights
Global Market Insights Articles
Automotive switch market 2026 to reach over $16n
According to a recent study from market research firm Global Market Insights, the automotive switch market is set to grow from its current market value of more than $13 billion to over $16 billion by 2026, gaining remarkable traction over the 2020 to 2026 period.
Ablation devices market to grow $25bn by 2025
According to a report by Global Market Insights, the ablation devices market size is anticipated to record a revenue of over $25bn by 2025.
Medical drones market to record exponential growth
Technological advancements and growing applications of drones in healthcare sector will provide stimulus to medical drones market. Healthcare organisations are developing drones with diagnostic imaging capabilities that will be capable of assessing health conditions of patients located in remote areas with the deployment of telemedicine technology.
Global capnography devices market to grow $700m by 2025
As per a recent research report compiled by Global Market Insights, capnography devices market size is projected to exceed $700m by 2025. Increasing prevalence of chronic diseases and a surge in the number of surgical procedures worldwide will fuel capnography devices market size over the forthcoming years.
4 factors bolstering veterinary imaging market size
An evident increase in the number of pet adoption across the globe along with the consequent expansion in the pet insurance sector has positively influenced global veterinary imaging market size over the last few of years. Improvement in economic conditions, a rise in purchasing power, and a growth in social awareness among the people regarding the need to adopt domestic animals is supporting growth trends in the industry.
Self-monitoring blood glucose devices market expands
A rise in diabetically affected population and obese people is driving worldwide Self-Monitoring Blood Glucose devices (SMBG) market trends, along with increasing risk factors concerning diabetes with adoptions of unhealthy dietary habits. Additionally, numerous initiatives are undertaken by governments to promote awareness about diabetes, monitoring and implementing activities to offer favorable products at convenient costs.
Increasing elderly population to foster audiology devices market growth by 2025
As per a research report by Global Market Insights, audiology devices market is estimated to exceed $11bn valuation by 2025. The rising elderly population will augment the audiology devices market growth over the coming years as cases of hearing loss and the issues associated with it increase in tandem with the growth of this demographic.
Fuel cell electric vehicle market to witness steady growth
According to a recent study from market research firm Global Market Insights, the fuel cell electric vehicle market is set to grow from its current market value of more than $1bn to over $14bn by 2026, gaining remarkable traction over the 2020 to 2026 period.
Product innovation to propel wearable cardiac devices market
According to reliable reports, the global wearable cardiac devices market size was valued at $1.2bn in 2019 and is poised to record a CAGR of 24.2% through 2026. Mounting adoption of remote patient-monitoring systems and devices in healthcare sector is anticipated to give wearable cardiac devices market share a substantial boost over the estimated timeframe.
3 major trends driving growth in the 3D printing
Reports suggest that global aerospace 3D printing materials market size will cross the $495m mark by 2026. Growing popularity of additive manufacturing in the production of intricate lightweight cabin interiors of aircrafts will favour business growth over the coming years. Saipriya Iyer explains.
Top 3 trends characterising the critical care devices market by 2026
The global critical care devices market is estimated to observe tremendous growth due to the increasing number of patients being admitted to ICUs or emergency care units. In addition, technological advancements leading to the innovation of new products is likely to further fuel the critical care devices market size over the coming years.
4 trends fostering neurostimulation devices market outlook
Neurostimulation devices market has witnessed commendable proceeds over the years due to a large number of people affected with severe neurologic and psychiatric diseases. These include Alzheimer’s disease, lower back pain, Parkinson’s disease as well as dementia.
Telemedicine cart equipment to witness demand across hospitals
According to Global Market Insights, the global telemedicine equipment market size is expected to cross $7.9bn by the end of 2026. Telemedicine equipment market share is witnessing considerable gains due to regulations established by the governments, in both developed and developing nations, such as the announcement of total or partial lockdown in a bid to control the coronavirus spread.
Power transformer market to hit $37.7bn by 2026
Power transformer installation is likely to be driven by growing investment toward expansion of transmission networks along with inclusion of sustainable energy mix across the total installed electricity generation capacity. Power transformers are witnessing massive deployment across industries on account of their advantageous features including easy transportation, short circuit reliability and compact size.
Patient monitoring devices market to record 6.1% CAGR by 2026
Paradigm shift towards telehealth services, primarily after the outbreak of COVID-19 will drive global patient monitoring devices market trends. Increasing number of hospital admissions due to escalating corona positive patients will create prospects for new development. Over the past few years, prevalence of chronic diseases and infections has risen which has also led to individuals demand for personal patient monitoring devices, globally.
US electrosurgical generators market to record 7.7% CAGR by 2026
The US electrosurgical generators market is expected to record considerable growth on account of increasing prevalence of chronic health diseases. Over the years, the US has seen a spike in the number of surgical procedures owing to rising cases of severe diseases and accidents.
Surging demand for hearing amplifiers
Increasing incidence of hearing disorder among the older population is poised to drive global hearing amplifiers market outlook. Hearing loss and hearing disorder can be a result from complications at birth, genetic causes, certain infectious diseases, use of particular drugs, chronic ear infections, ageing and exposure to excessive noise. As per World Health Organization (WHO), unaddressed hearing loss poses an annual cost of around $750bn,...
Wearable medical device market to grow 39.4% through 2025
As per a research report by Global Market Insights, the wearable medical device market is estimated to surpass $87bn by 2025. A rise in awareness regarding physical fitness will drive the demand for fitness monitoring and tracking devices. Additionally, growing disposable household incomes will augment wearable medical devices market forecast.
Haptic technology market: a $10bn revenue opportunity
According to a recent study from market research firm Global Market Insights, the haptic technology market is set to grow from its current market value of more than $7bn to over $10bn by 2026, gaining traction over the 2020 to 2026 period.
Current sensor market worth over $3.5bn by 2026
According to a recent study from Global Market Insights, the global current sensor market is projected to observe momentous growth over the coming years due to the ongoing rise in factory automation trend and the use of industrial robots, with the current sensor market projected to be worth over $3.5bn by 2026.