Market Research Trends

The global breast imaging market size is anticipated to reach USD 9.0 billion by 2030, registering a CAGR of 8.6% according to a new report by Grand View Research, Inc. The market growth mainly owes to the increase in the number of women suffering from breast cancer. For instance, according to Robert Koch Institute, the annual incidence of breast cancer in Germany was estimated to be approximately 72,000, with breast cancer being the most prevalent cancer in women. Moreover, as per a similar source, based on the incidence rate, one in eight women is expected to suffer from breast cancer once in a lifetime. Thus, impelling the market over the forecast period. Furthermore, the rising initiatives by various governments and NGOs to raise awareness about early diagnosis of breast cancer are anticipated to increase the demand for breast imaging. For instance, Pink Initiative, form Breast Cancer India is an online initiative program in which the program covers important topics such as early d...

The global antimicrobial coatings market size is anticipated to reach USD 28.40 billion by 2030 and it is projected to grow at a CAGR of 13.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing concern among consumers and various manufacturers about cleaning and prevention against the growing bacteria, mold, and fungi is expected to drive the overall market expansion. The demand is expected to increase majorly in the medical devices and packaging application industry owing to the rise in demand to tackle the COVID-19 situation around the world. The continuously rising demand for the medical devices and packaging products used for COVID-19 will positively impact the market growth. North America is expected to dominate the global market, in terms of product demand as the region has major healthcare product manufacturers. Silver-based biocides are widely used in medical-grade applications owing to their excellent antimicrobial properties. Recently, a new...

The global wildlife tourism market is expected to reach USD 286.86 billion by 2030, registering a CAGR of 7.9% over the forecast period, according to a new report by Grand View Research, Inc. Increased awareness about animal conservation, global authorities working towards boosting wildlife tourism, and the advent of digital nomadization where various countries are permitting digital nomad visas are factors driving the industry. Recent news on global warming and the extinction of species have pursued many travelers to go for wildlife tourism. This is propelled by the factor that entry fees of various sanctuaries and animal parks are invested towards the conservation of flora and fauna. The positive impact of such travel makes travelers visit these places frequently. Such tourism also increases knowledge about the environment and sensitizes citizens towards its protection and growth. Post-pandemic, various organizations have made remote work a permanent culture. With this, there is a g...

The U.S. hospital emergency department market size is expected to reach USD 246.3 billion by 2030, based on a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.75% during the forecast period. The rising prevalence of diseases requiring immediate care, such as cardiac arrest, is expected to drive the growth of this market. Hospital Emergency Departments (EDs) are preferred by individuals needing emergency care due to the 24-hour availability of care over other medical centers. There has been an increase in patients with acute psychiatric crises visiting hospital Eds in the last few years. According to the National Hospital Ambulatory Medical Care Survey, in 2021, there were around 2.43 million ED visits due to problems related to psychological and mental disorders. Furthermore, a total of 2.4 million ED visits occurred due to diseases of the nervous system. Neurologic emergencies include conditions such as stroke, migraine, Alzheimer's disease, and othe...

The global sweeteners market size is expected to reach USD 97.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.4% from 2022 to 2030. The growing application of sweeteners in the food and beverage industry across the globe is driving the market. Further, the growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners such as high-intensity sweeteners. Increasing health consciousness among consumers in emerging economies is expected to accelerate the market growth during the forecast period. The growth of honey and artificial sweeteners is majorly attributed to rising health consciousness among consumers to encourage healthier and more nutritious food around the globe. In addition to this, the rising inclination towards natural products is propelling the growth of the market. Increasing frequency of diseases occurring due to unhealthy lifestyles has resulted in the gr...

The global sales and marketing business process outsourcing market size is projected to reach USD 57.46 billion by 2030 and is expected to expand at 9.4% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. Cloud computing has significantly boosted the adoption of the business process outsourcing (BPO) solution, owing to better quality control and increased production speed, among others. Moreover, cloud computing also ensures instant computing support & system access for various business requirements. These benefits include flexible provisioning, and universal access, among others. Additionally, cloud computing also enables several transactional processes, which include order fulfilment, application processing, and billing. Several growing economies worldwide have been proactive in bringing BPO companies into the market. For instance, the Philippine Economic Zone Authority (PEZA) enables business operations by offering tax deductions for business process ...

The global pest control service market size is estimated to reach USD 34.3 billion by 2030, registering to grow at a CAGR of 6.3% from 2024 to 2030 according to a new report by Grand View Research, Inc. Changing climate and rise in temperature are acting as major catalysts for the rising demand for pest control services. Other factors such as increasing commercial and residential projects and intolerance for pests are fueling the market growth. Moreover, the increasing popularity of the usage of biocides is supporting market growth. Factors such as environmental friendly nature and replacement for traditional pesticides are increasing the product demand. For instance, Rentokil has registered CO2 for use in the control of rodents under EU biocidal regulations. The company is continuing to work in the areas of insect and rodent control. Companies in the market are focusing on strategies, such as mergers and acquisitions, in order to gain market share and increase their service footprint...

The global nanosatellite and microsatellite market size was estimated at USD 3,998.4 million in 2024 and is projected to grow at a CAGR of 22.8% from 2025 to 2030. The market is primarily driven by the increasing demand for automation and digital transformation, which enhances operational efficiency and reduces costs for manufacturers. In addition, the growing emphasis on energy efficiency and sustainability, coupled with advancements in technologies such as IoT, AI, and robotics, is propelling the adoption of nanosatellite and microsatellite solutions across various industries. Moreover, the integration of artificial intelligence (AI) and machine learning (ML) technologies is also facilitating smarter decision-making and predictive maintenance, which is expected to present lucrative opportunities for the market in the coming years. The increasing demand for automation and digital transformation across various industries, as companies seek to enhance operational efficiency and reduce ...

The global life sciences BPO market size is expected to reach USD 827.5 billion by 2030, registering a CAGR of 9.3% over the forecast years, according to a new report by Grand View Research, Inc. The rising costs of drug development; pre-clinical and clinical trials; and post-marketing surveillance; a rise in the patent cliff; a growing product pipeline; and regulatory constraints are some of the major factors driving the market. The pharmaceutical and biotech industries invest heavily in the R&D sector to continuously introduce new molecules, devices, and treatments. The different stages of drug development, such as drug discovery, pre-clinical studies, and clinical trials, require huge financial, technological, and human resources. To cater to the growing needs of the industry, the outsourcing vendors are expanding their product and service offerings and they are targeting niche areas for long-term growth and profitability. Altogether, these trends are expected to boost the life...

The global industrial water treatment chemicals market size is expected to reach USD 21.23 billion by 2030, registering a CAGR of 4.9% during the forecast period, according to Grand View Research, Inc. The growth is majorly driven by growing demand for freshwater and favorable regulatory support for water treatment. High requirement for drinkable water across the world has surged demand for the chemicals that are utilized in cleaning. The environment is seriously endangered by company waste. Due to accelerating urbanization, a rising economy, and expanding industrial activity, freshwater is witnessing high demand. The U.S. Environmental Protection Agency (EPA) establishes national standards to ensure that consumption by humans is safe while considering the country's available technology and associated costs. The Safe Drinking Water Act and its amendments set up the fundamental framework for safeguarding the solution used by public systems in the U.S. This law specifies the requirem...

The global ferrous scrap recycling market size is expected to reach USD 192.6 million by 2030, expanding at a CAGR of 3.8% from 2022 to 2030, according to a new report by Grand View Research, Inc., Leading steel manufacturers are shifting from blast furnace to electric arc furnace (EAF) to reduce CO2 impact on the environment to reach global climate goals. This in turn is anticipated to fuel the demand for ferrous scrap in coming years. The ferrous scrap recycling process follows the melting of metal scrap with a slag material to refine steel. The scrap metals are heated to get the rich iron liquid to form a slag layer for further use. Completely melted steel is tapped into a ladle for further processing on it. According to EUROFER, more than 48% of the steel is produced using electric arc technology, and one hundred million tons of scrap was recycled in 2021 across the region. Thus, ferrous scrap plays a vital role in the production of steel in Europe. The increasing focus on energy ...

The global diabetic retinopathy market size is expected to reach USD 13.77 billion by 2030, registering a CAGR of 6.43% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of diabetes, growing geriatric population, and increasing prevalence of blindness due to diabetes are the major factors anticipated to boost market growth over the forecast period. Growth in the market is further propelled by the increasing awareness about diabetes management & care and new product launches. Diabetic retinopathy is caused by damage to the blood vessels in the retina, which leads to blurred vision and vision loss in most cases. The increase in prevalence of diabetes due to aging, obesity, and unhealthy lifestyles is contributing to the growth of the market. Obesity is a major factor leading to diabetes. According to WHO, in 2021, around 39% of adults aged 18 years and above were overweight, and 13% were obese worldwide. In addition to obesity, diabetes i...

The global brain health functional food and beverage market size is expected to reach USD 40.34 billion by 2030, registering a CAGR of 10.5% during the forecast period, according to a new report by Grand View Research, Inc. Mental health is becoming a priority for a huge base of consumers all over the world that are ready to spend on products that support their mental health. The interest of consumers is increasing in food and beverage products that offer functional benefits regarding stress relief and sleep quality. Furthermore, there has been an increase in spending on functional beverages and snacking products among consumers as they spent more time at home owing to the work-from-home trend. Such factors are creating various opportunities for product manufacturers. The COVID-19 pandemic marked a significant impact on consumers' mental health and shifted their attitudes toward brain health. Various factors, such as isolation and infection, created massive stress among consumers ...

The global ammonium sulfate market size is expected to reach USD 4.81 billion by 2030, registering a CAGR of 6.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The advancement in agriculture technology would drive the demand for fertilizers, which would indirectly result in the growing demand for ammonium sulfate. Ammonium sulfate is an inorganic water salt comprising sulfur and nitrogen. The composition is used in the agricultural sector as fertilizer. It has the ability to provide stability and functionality to the fertilizer. Benefits associated with these fertilizers include water-solubility, easy blending abilities with nitrogenous fertilizers, and elevation of soil. These benefits ensure high plant growth, thereby leading to the high demand from farming communities. Rice is a staple food crop in most Asian countries and is grown by almost two billion people according to the Food and Agriculture Organization (FAO). North America accounted for the third...

The U.S. healthcare payer analytics market is expected to reach USD 19.4 billion by 2030, registering a CAGR of 22.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. The digital advancements in the healthcare field, and the digitization of records, are one of the key factors driving the growth of this market. Adoption of such technologies is on an upward trend thus propelling the market. Digital data is being used to derive meaningful results, cost reduction, and minimize fraudulent insurance claims.  The U.S. government has been increasingly spending on healthcare and focusing on improving digital infrastructure, which is boosting technological advancements in the field. Due to technological advancements, decision-making for payers and healthcare providers has become easier with the help of analytical tools. The overall increase in healthcare expenditure has amounted to more than USD 4 trillion in the year 2020. It is not only helping the healthcare indu...

The global smart bathroom market size is expected to reach USD 18.76 billion by 2030, growing at a CAGR of 12.1% during the forecast period, according to a report published by Grand View Research, Inc. The increasing adoption of smart home technologies and the growing trend of home automation are contributing to the rise of smart bathrooms. Consumers are seeking integrated and connected solutions that enhance convenience, efficiency, and comfort in their homes, and smart bathrooms provide a seamless and futuristic experience. The rising awareness and resultant emphasis on hygiene and wellness are playing a significant role in driving the growth of the market. Smart bathrooms offer features such as touchless faucets, automatic flushing toilets, and sensor-based soap dispensers, which promote better hygiene practices and reduce the spread of germs and bacteria. Additionally, smart bathroom products like smart mirrors with built-in health monitoring capabilities, such as temperature sens...