Market Research Trends

The global interventional oncology market size was estimated at USD 2.7 billion in 2024 and is projected to reach USD 4.38 billion by 2030, growing at a CAGR of 8.55% from 2025 to 2030. Several key factors are driving this market growth, including the rising global incidence of cancer, continuous advancements in minimally invasive technologies, an aging global population, a growing emphasis on early cancer diagnosis, and increased investments—both public and private—targeted at developing interventional oncology solutions. The incidence of cancer worldwide is on a steep upward trajectory, resulting in heightened demand for innovative and effective cancer treatment approaches. Data from the World Health Organization (WHO) indicates that in 2022, there were approximately 20 million new cancer cases, accompanied by 9.7 million related deaths. Projections suggest that by 2050, the number of new cancer cases will exceed 35 million annually, representing a 77% increase in the global cancer ...

The global in vitro diagnostics contract manufacturing market size was estimated at USD 21.1 billion in 2024 and is projected to reach USD 37.45 billion by 2030, growing at a CAGR of 10.4% from 2025 to 2030. A key driver behind this expansion is the continuous advancement of the healthcare sector, which is fueling the demand for more efficient and scalable diagnostic solutions. One of the primary contributors to this growth is the rising global demand for fast, accurate, and reliable diagnostic testing. In vitro diagnostics play a crucial role in enhancing the speed, precision, and overall quality of disease detection, diagnosis, and prevention, thereby improving patient care outcomes. The increasing burden of chronic diseases worldwide—such as diabetes, cardiovascular conditions, and cancer—has further underscored the need for high-quality diagnostic tools. Additionally, the growing demand for personalized medicine, which requires tailored diagnostic solutions to guide targeted treat...

The global iron ore pellets market size was estimated at USD 46.9 billion in 2023 and is projected to reach USD 71.03 billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030. One of the primary factors driving this expansion is the increasing steel production in emerging economies, which significantly boosts the demand for iron ore pellets since they are a fundamental raw material in steel manufacturing. Iron ore pellets are widely preferred over raw iron ore due to their ability to maximize the utilization of iron ore deposits. This preference is becoming especially critical as global iron ore reserves face gradual depletion, necessitating more efficient use of available resources. Compared to other alternatives, iron ore pellets possess distinct advantages, including a high cold crushing strength. This property ensures that the pellets maintain their structural integrity and generate minimal fines or dust even after multiple crushing or handling cycles, making them more efficie...

The global iot devices market size was estimated at USD 70.3 billion in 2024 and is projected to reach USD 181.17 billion by 2030, growing at a CAGR of 16.8% from 2025 to 2030.  The market's expansion is being primarily driven by the convergence of cutting-edge technological advancements and continuous innovations, including the rollout of 5G connectivity, the rise of edge computing, and the increasing emphasis on real-time data analytics. These evolving technologies are transforming how businesses and consumers operate by significantly enhancing operational efficiency across multiple sectors, such as healthcare, manufacturing, logistics, and retail. They are also contributing to the development of more intelligent and responsive products and services, aligning with the growing global trend toward a highly connected and digitally integrated lifestyle. As a result, the IoT devices industry is expected to benefit from a wide range of lucrative opportunities in the years ahead. The w...

The global IT services market size was estimated at USD 1.50 trillion in 2024 and is projected to reach USD 2.59 trillion by 2030, growing at a CAGR of 9.4% from 2025 to 2030. The IT services sector is witnessing rapid expansion, driven by several critical factors including the widespread adoption of cloud computing and digital technologies, a growing demand for cybersecurity solutions, and a strong emphasis on innovation and automation across industries. One of the primary drivers of market demand is the increasing concern over data security and privacy protection. Organizations across various industry verticals are actively seeking IT services to address these concerns and safeguard their sensitive information. Key market trends contributing to this growth include the increasing deployment of artificial intelligence (AI) and machine learning (ML) technologies, a rising appetite for data analytics and big data solutions, a heightened focus on the Internet of Things (IoT) and connecte...

The global kaolin market size was estimated at USD 3.9 billion in 2023 and is projected to reach USD 5.22 billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030. A significant driver behind this market expansion is the increasing investment in the construction and infrastructure sectors. The rising demand for products such as paints and coatings, ceramic-based materials, and cement, all of which utilize kaolin, is contributing substantially to the market's upward trajectory. The global construction industry is poised for robust growth, especially with a shifting focus towards sustainable or green construction practices. This trend is expected to open considerable growth opportunities for the kaolin market. For example, according to a recent report by the World Bank’s International Finance Corporation (IFC), green construction is projected to generate investment opportunities worth around USD 1.5 trillion, particularly benefiting emerging markets. Further, investments across ...

The global laboratory consumables market size was estimated at USD 15.8 billion in 2024 and is projected to reach USD 26.58 billion by 2030, growing at a CAGR of 8.65% from 2025 to 2030. This growth trajectory is largely driven by a surge in funding and investments in research and development (R&D) within the pharmaceutical and biotechnology industries. Other key factors contributing to the market expansion include an increase in strategic partnerships and collaborations, as well as growing efforts to develop sustainable and environmentally responsible solutions in laboratory operations. For example, in June 2024, Eppendorf SE emphasized its commitment to sustainability through a press release, announcing that future laboratory consumables made from plastic must be produced using recycled or renewable raw materials. This move highlights the growing industry focus on environmentally conscious manufacturing practices. Market growth is also being supported by the steady and reliable ...

The global laboratory informatics market size was estimated at USD 3.9 billion in 2024 and is projected to reach USD 5.21 billion by 2030, growing at a CAGR of 5.17% from 2025 to 2030. This growth is primarily driven by the increasing demand for laboratory automation, which is supported by significant technological advancements in fields such as molecular genomics, genetic testing, and personalized medicine. A notable shift toward cancer genomics, along with greater patient involvement and engagement in healthcare, is further accelerating the adoption of laboratory informatics solutions. Cloud-based laboratory informatics platforms are becoming increasingly standard, thanks to their user-friendly interfaces and the rise of numerous startups offering innovative solutions in this space. Research laboratories are progressively integrating cloud computing, mobile applications, and voice recognition technologies, which collectively enhance the demand for advanced laboratory informatics sys...

The global laboratory proficiency testing market size was estimated at USD 1.5 billion in 2024 and is projected to reach USD 2.13 billion by 2030, growing at a CAGR of 6.43% from 2025 to 2030.  This growth is fueled by several key sectors, including water testing, cannabis testing, and food safety, which are driving demand for proficiency testing services. A major factor contributing to market expansion is the heightened emphasis on water testing, aimed at detecting micropollutants, contaminants, and microorganisms in both freshwater and wastewater sources. Common microbial contaminants targeted include Legionella, Legionella pneumophila, Salmonella, enterococci, E. coli, Pseudomonas aeruginosa, coliforms, and staphylococci. Proficiency testing is critical in water microbiology because it verifies that laboratories have the ability to accurately detect and quantify these harmful organisms. By distributing blind samples, proficiency testing programs assess laboratories' performance...

The global lactate monitoring devices market size was estimated at USD 150.73 million in 2024 and is projected to reach USD 325.88 million by 2033, growing at a CAGR of 9.05% from 2025 to 2033. This expansion is driven by increasing awareness of the importance of lactate monitoring in both sports and healthcare sectors, coupled with the rising demand for point-of-care testing solutions. Additionally, the growing adoption of remote patient monitoring and telemedicine technologies plays a crucial role in propelling this market forward. Furthermore, the use of lactate monitoring in surgical and post-operative care is expanding, providing additional momentum to market growth. Factors such as the increasing prevalence of home-based healthcare services and the aging global population also contribute to this positive trend. Lactate monitoring has become an essential diagnostic tool, especially for managing critically ill patients in situations like sepsis, trauma, and organ dysfunction. Elev...

The global industrial starch market size was estimated at USD 124.6 billion in 2024 and is projected to reach USD 197.4 billion by 2030, growing at a CAGR of 8.1% from 2025 to 2030. A key driver behind this substantial expansion is the increasing consumer demand for convenience foods, which has, in turn, elevated the need for starch. In these food products, starch plays a vital role as a gelling, stabilizing, and thickening agent, contributing to both the texture and shelf-life of processed foods. Moreover, the rapid growth and modernization of the food industry, particularly in developing nations, are further fueling the demand for industrial starch. These regions are experiencing rising urbanization and changing dietary habits, which are increasing the consumption of packaged and ready-to-eat food items—industries that heavily rely on starch-based ingredients. In addition to its role in the food sector, industrial starch is gaining importance in sustainable and eco-conscious initiat...

The global infrared sensor market size was estimated at USD 711.4 million in 2023 and is projected to reach USD 1,516.4 million by 2030, growing at a CAGR of 12.2% from 2024 to 2030. Infrared sensors are specialized devices designed to detect infrared radiation, which is either emitted or reflected by objects. These sensors play a critical role in capturing heat signatures and converting them into meaningful data or control signals. Infrared sensors have diverse applications across various fields. They are commonly used for temperature measurement, proximity sensing, night vision technologies, and remote control systems. By detecting the infrared radiation naturally emitted from objects, these sensors provide essential information or enable control functions without direct contact. The market expansion is largely propelled by growing demand in several key sectors, including consumer electronics, the automotive industry, and healthcare, where the sensors contribute to improved function...

The global injectable drug delivery devices market size was valued at USD 467.5 billion in 2023 and is projected to reach USD 823.29 billion by 2030, growing at a CAGR of 8.7% from 2024 to 2030. The increasing prevalence of chronic diseases worldwide, combined with ongoing technological advancements in drug delivery systems, is a major factor driving the rising demand for injectable drug delivery devices. Additionally, proactive government initiatives aimed at promoting the availability and usage of injectable medications for chronic disease management are further stimulating market growth. Chronic diseases such as diabetes, cancer, and autoimmune disorders are becoming increasingly widespread across the globe. According to estimates by the World Health Organization (WHO), chronic conditions like diabetes, cancer, and cardiovascular diseases account for more than 70% of deaths worldwide. These illnesses often necessitate long-term or lifelong treatment regimens that involve injectable...