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Showing posts from December, 2023

Absorbent Glass Mat Battery is Estimated to Witness High Growth Owing to Increasing Demand for Renewable Energy Storage

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Absorbent Glass Mat (AGM) batteries are a type of lead-acid battery that utilizes fibreglass mats to separate the plates. AGM batteries are commonly used for standby power, backup power, and motive power applications. AGM battery technology offers several benefits over traditional flooded lead-acid batteries such as lower maintenance, better performance in any mounting position, higher discharge rates, and longer shelf and service life. They are widely used as starting, lighting and ignition batteries in automobiles. The batteries are also gaining popularity for power storage applications in the renewable energy sector to store energy from solar and wind farms. The global absorbent glass mat battery market is estimated to be valued at US$ 14.72 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the primary drivers fueling the growth of the absorbent gl...

Agricultural Testing Market Estimated to Witness High Growth Owing to Increasing Concerns Regarding Food Safety

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  Agricultural testing includes detection of pesticide residues, heavy metals and other contaminants in food and soil samples. It helps ensure the quality and safety of food products. Rapid tests can detect pathogens, residues and genetic modifications directly in the field or at packing sites, allowing contaminated produce to be diverted before entering the food supply chain. Companies offer analytical testing instruments, assays and related services for residue detection in fruits and vegetables, meat, poultry and dairy. The global agricultural testing market is estimated to be valued at US$ 6.1 Bn or Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The agricultural testing market is being driven by increasing concerns regarding food safety amongst consumers and regulatory agencies globally. Rapid detection of contaminants helps reduce health risks ...

Ursodeoxycholic Acid Market Poised for Substantial Growth Owing to Wide Range of Therapeutic Applications

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Ursodeoxycholic acid is a natural bile acid produced by the liver that is used to dissolve gallstones and treat liver diseases. It acts as an anti-fibrotic by reducing liver inflammation and scarring. Ursodeoxycholic acid supplements improve liver function in conditions like Primary Biliary Cholangitis (PBC), a chronic autoimmune disease that damages the bile ducts in the liver. It helps promote bile flow, reduces itching symptoms, and improves blood tests in PBC patients. The global ursodeoxycholic acid market is estimated to be valued at US$ 640.45 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key drivers for the growth of the ursodeoxycholic acid market is its wide range of therapeutic applications such as treatment of liver diseases like PBC and gallstone dissolution. Ursodeoxycholic acid suppresses the formation of cholesterol gallstone...

Neuroscience is Estimated to Witness High Growth Owing to Increasing Research and Development in Neurological Disorders

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Neuroscience involves the study of the nervous system including the brain, spinal cord, and associated tissues. With increasing research and development in neurological disorders such as Alzheimer's disease, Parkinson's disease, and epilepsy, neuroscience has significant potential to better understand the functioning of the nervous system and help develop effective treatment options for such disorders. The global neuroscience market is estimated to be valued at US$ 32.75 Bn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key drivers fueling the growth of the neuroscience market is the increasing research and development in neurological disorders. Neurological disorders place a significant burden on individuals and healthcare systems worldwide. According to the World Health Organization, neurological disorders affect over 1 billion people...

Neurology Monitoring Market Poised to Witness High Growth Due to Rising Prevalence of Neurological Disorders

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 Neurology monitoring devices are medical devices used to monitor and diagnose neurological disorders. These devices help in the diagnosis and treatment of neurological disorders such as Parkinson's disease, epilepsy, sleep disorders, stroke and Alzheimer's disease. Neurological monitoring devices include electroencephalography (EEG) devices, electromyography (EMG) devices, intracranial pressure (ICP) monitors, cerebral oximeters and magnetic resonance imaging (MRI) devices. The rising prevalence of neurological disorders is expected to drive the demand for neurology monitoring devices over the forecast period. The global neurology monitoring market is estimated to be valued at US$ 6301.49 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The growing prevalence of neurological disorders across the globe is expected to be a key driver for the neurolog...

Muscle Spasticity Market is Estimated to Witness High Growth Owing to Increasing Incidence of Spinal Cord Injuries

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Muscle spasticity is a condition that causes muscles to tighten or contract uncontrollably. This can occur when nerves that control voluntary movement become damaged as a result of injuries to the brain or spinal cord. Muscle spasticity is commonly seen in conditions such as multiple sclerosis, cerebral palsy, brain or spinal cord injuries, and strokes. Medications and other treatments are used to relieve muscle spasticity symptoms and improve quality of life. The global muscle spasticity market is estimated to be valued at US$ 4942.44 Mn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The muscle spasticity market is primarily driven by the increasing incidence of spinal cord injuries. Spinal cord injuries can result from trauma such as vehicle accidents, falls, or violence and often lead to varying degrees of muscle spasticity. According to the National Spin...

The Mine Clearance System Market is Estimated to Witness High Growth Owing to Rising Geopolitical Tensions

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Mine clearance systems are used to detect buried landmines and other explosive remnants of war to make areas safe for civilian or military use. Some common products include mine detectors, mine flails, mine rollers, and mine-protected vehicles. Mine detectors use technologies like ground penetrating radar, electromagnetic induction, and metal detection to locate mines under land or beaches. Demining operations require specialized vehicles that are protected against mine explosions to safely clear areas. The global mine clearance system Market is estimated to be valued at US$ 72.9 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights . Market Dynamics: One of the key drivers for the growth of the mine clearance system market is rising geopolitical tensions globally. The use of landmines by militaries during conflicts has led to large areas becoming contaminated with unexploded o...

The Growing Demand for Military Operations Drives the Military Aircraft Market to Witness High Growth

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The military aircraft market comprises aircraft that are designed for various military operations carried out by armed forces across the world. These aircraft include fighter jets, bombers, transport aircraft, helicopters, trainer aircraft and more. They are equipped with advanced weapon systems, sensors, avionics and other specialized equipment to enable missions such as reconnaissance, troop transportation, air defense, close air support and many others. The global military aircraft market is estimated to be valued at US$ 106.9 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key drivers for the growth of the military aircraft market is the growing demand for military operations globally. With rising cross-border tensions and geopolitical issues, countries are focusing more on strengthening their military capabilities. This is increasing the ...

Advanced Wound Care Management is Estimated to Witness High Growth Owing to Rapidly Growing Geriatric Population

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Advanced wound care management includes products that help heal acute and chronic wounds, such as diabetic foot ulcers, pressure injuries, and venous ulcers, through biological and mechanical modes of action. Some key products involved are moist wound dressings, collagen products, antimicrobial dressings, foam dressings, gauze, hydrocolloid dressings, film, alginate dressings, and hydrogel dressings. These dressings help manage exudate, maintain a moist wound environment to promote healing, and protect the wound from external pathogens. The global advanced wound care management market is estimated to be valued at US$ 14095.36 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: Rapidly growing geriatric population is one of the key drivers of the advanced wound care management market. Aged people above 60 years are more prone to develop acute and chronic wounds...

3D Reconstruction Market is Estimated to Witness High Growth Owing to Rising Adoption in Construction and Healthcare Industries

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The 3D reconstruction market includes software and services that generate three-dimensional models of objects using various 2D images. 3D reconstruction finds applications in filmmaking, surveying, medical imaging, object copying, cultural heritage preservation, and industrial inspection. With accurate 3D models generated, it plays a critical role in architecture, engineering, and construction projects. 3D scanning and photogrammetry are commonly used technologies for capturing 3D data digitally. The global 3D Reconstruction Market is estimated to be valued at US$1027.92 Mn in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics Rising adoption of 3D reconstruction in construction and healthcare industries is the major factor driving the growth of the global 3D Reconstruction market. 3D reconstruction software helps architects and engineers visualize a 3D virtual mo...

U.S. Home Healthcare is Estimated to Witness High Growth Owing to Rising Demand for Remote Patient Monitoring

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The U.S. home healthcare market offers a wide range of medical equipment and services meant for patient care at home. Home healthcare services include nursing care, physical therapy, respiratory therapy, occupational therapy, and speech therapy. These help patients who are recovering from an illness or surgery, or have chronic conditions such as asthma, diabetes, or heart disease, get treatment without requiring hospitalization. Rapid technological advancements have enabled remote monitoring of patients through smart devices and sensors. This allows continuous monitoring of vital signs such as blood pressure, heart rate, blood oxygen levels, etc. without frequent visits to the hospital. The growing geriatric population, advancements in remote patient monitoring, and need to reduce healthcare costs are driving the demand for home-based healthcare services in the U.S. The global U.S. home healthcare market is estimated to be valued at US$ 23.53 Bn in 2023 and is expected to exhibit a CAG...

Hypoglycemic Drugs Market is Estimated to Witness High Growth Owing to Increasing Prevalence of Diabetes in the Geriatric Population

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Hypoglycemic drugs or anti-diabetic drugs are medications used to treat diabetes mellitus by lowering blood glucose levels. Some key hypoglycemic drugs include insulin, sulfonylureas, metformin, thiazolidinediones, DPP-4 inhibitors, SGLT2 inhibitors and GLP-1 receptor agonists. These drugs help control blood sugar levels in diabetics and prevent or delay diabetes-related health complications. The global hypoglycemic drugs market is estimated to be valued at US$ 720.72 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The growth of the global hypoglycemic drugs market is majorly driven by the increasing prevalence of diabetes in the geriatric population globally. As per estimates, around 1 in every 11 people aged 65 years and above have diabetes. Further, the number of people with diabetes in this age group is anticipated to grow from 25.9 million in 2017 to...

Herpes Simplex Virus Treatment Market Poised to Grow Due to Increasing Prevalence of Herpes and Rising Awareness

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 The global Herpes Simplex Virus Treatment Market deals with treatments for infections caused by herpes simplex virus (HSV), which are usually characterized by painful sores or blisters on or around the mouth (cold sores or fever blisters) or in the genital area. Herpes treatments include antiviral medications such as acyclovir, famciclovir, and valacyclovir that help reduce symptoms and speed up healing. The market also includes products for recurrences and suppression therapy. The global Herpes Simplex Virus Treatment Market is estimated to be valued at US$ 2374.76 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics Increasing prevalence of herpes infections around the world and rising global awareness about treating and managing the disease are driving the demand for herpes treatments. It is estimated that around 3.7 billion people under age 50 (67% of th...

The global Gummy Supplements Market is estimated to be valued at US$ 4093.89 Mn in 2023

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Gummy supplements are chewable gummy candies enriched with vitamins, minerals, probiotics or other functional ingredients that provide nutritional support. They are highly popular among children and adults due to their enjoyable texture and taste. Gummy supplements aid in digestive health, immune function, bone and heart health, brain function and other health aspects. The global Gummy Supplements Market is estimated to be valued at US$ 4093.89 Mn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Rising health consciousness among consumers has been a key driver for the gummy supplements market. Increasing awareness about the importance of daily vitamin intake and other supplements to maintain overall well-being has spurred the demand for gummy supplements. The fun, colorful and candy-like format makes it easy for people of all ages to enjoy supplements as p...

GLP-1 Receptor Agonist Market is Estimated to Witness High Growth Owing to Rising Prevalence of Diabetes Globally

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GLP-1 receptor agonists are a class of medicines that mimic the effects of glucagon-like peptide-1 (GLP-1), a naturally occurring hormone that regulates blood glucose levels. They are used to treat type 2 diabetes by stimulating the body's natural insulin-producing beta cells to secrete more insulin when blood glucose levels are high. Common GLP-1 receptor agonists include exenatide, liraglutide, and semaglutide, which are available as both injectable formulations and tablets. They offer several advantages over insulin such as weight loss effects, low risk of hypoglycemia, and potential for cardiovascular and renal benefits. The global GLP-1 Receptor Agonist Market is estimated to be valued at US$ 14319.85 Mn in 2023 and is expected to exhibit a CAGR of 21% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights Market Dynamics: One of the key drivers propelling the growth of the GLP-1 receptor agonist market is the rising global...

Smart Fitness is Estimated to Witness High Growth Owing to Increasing Health Awareness

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Smart fitness products provide users with advanced features like heart rate monitoring, activity/sleep tracking and integrated apps/software. These products enable users to closely monitor their health indicators and fitness levels. Growing health issues like obesity have boosted awareness regarding fitness, diet and exercise. According to the World Health Organization, over 1.9 billion adults were overweight in 2016, out of which over 650 million were obese. Rising obesity has increased demand for smart wearables and equipment that makes fitness monitoring convenient. The global smart fitness market is estimated to be valued at US$ 18979.05 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key drivers for the growth of the global smart fitness market is increasing health awareness. Issues like obesity, diabetes, blood pressure etc have increased s...