The global travel insurance market was valued at approximately USD 27.05 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 15.4% from 2025 to 2030. This growth can be primarily attributed to the increasing popularity of travel and tourism worldwide, as well as a rising awareness among travelers about the importance of purchasing dedicated insurance to protect...
The global pet insurance market was valued at USD 18.32 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 17.97% from 2025 to 2030. Several factors are driving this growth, including the increasing pet population, the rising adoption of insurance in markets that have been slow to embrace it, escalating veterinary care costs, efforts by leading companies to...
The global liquid biopsy market was valued at USD 10.42 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 11.60% from 2024 to 2030. The market's growth is primarily driven by several key factors, including the rising prevalence of cancer worldwide, continuous technological advancements in cancer diagnostics, and an increasing preference for minimally invasive...
The global industrial coatings market was valued at approximately USD 90.79 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2030. A key factor driving this growth is the increasing demand for refinish coatings in automotive maintenance, repair, and aftermarket painting. These coatings are used primarily to enhance the visual appearance,...
The global cosmetics market was valued at approximately USD 295.95 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. A significant driver behind this market growth is the growing awareness among consumers about the importance of improving their personal appearance. Within this trend, millennials are particularly focused on skincare,...
The global cell culture media market was valued at approximately USD 4.73 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 12.54% from 2024 to 2030. Cell culture media refers to a mixture, typically in liquid or gel form, that contains the necessary nutrients, vitamins, amino acids, salts, and other compounds required to support and regulate the growth of...
The global appliance adhesive market was valued at USD 6.93 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030. This growth is driven by a range of factors, including shifting consumer preferences, technological innovations, growing environmental concerns, and emerging industry trends.
One of the primary factors behind the market's...
The global ammunition market was valued at approximately USD 68.57 billion in 2023 and is expected to experience a decline at a compound annual growth rate (CAGR) of -11.3% from 2024 to 2030. This decline is largely attributed to factors such as shifting global security dynamics and changing defense priorities. However, the rise in terrorist activities and ongoing geopolitical hostilities...
The global market for AI in oncology was valued at approximately USD 2.80 billion in 2023 and is projected to experience substantial growth, expanding at a compound annual growth rate (CAGR) of 28.92% between 2024 and 2030. Several key factors contribute to this rapid market expansion, including the rising global prevalence of cancer, advancements in cancer diagnostic technologies, improvements...
The global 5G infrastructure market was valued at USD 16.69 billion in 2023 and is projected to experience a robust compound annual growth rate (CAGR) of 22.9% from 2024 to 2030. This growth is primarily driven by a surge in mobile data traffic and the expansion of smart cities supported by the increasing integration of Internet of Things (IoT) applications. Additionally, rising investments...
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