The global orthopedic devices market was valued at approximately USD 60.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2030. This growth is driven by factors such as the high prevalence of orthopedic disorders, an aging global population, rising cases of degenerative bone diseases, and an increase in road accidents. Additionally,...
The global hearing aids market was valued at USD 7.96 billion in 2023 and is forecasted to grow at a compound annual growth rate (CAGR) of 6.78% from 2024 to 2030. The market expansion is driven by the increasing adoption of hearing aid devices, heightened awareness of advanced auditory technologies, and the rising prevalence of hearing loss associated with the aging population.
The hearing...
The global eyewear market was valued at USD 183.36 billion in 2023 and is projected to grow at a CAGR of 8.3% from 2024 to 2030. Key factors driving this growth include the increasing prevalence of eye conditions such as myopia, hyperopia, astigmatism, and presbyopia, which boost demand for corrective eyewear. Additionally, the availability of a variety of stylish and affordable options,...
The global naphthalene market size was valued at USD 1,588.1 million in 2023 and is projected to grow at a CAGR of 3.0% from 2024 to 2030. This growth is largely driven by the increasing demand for naphthalene in the construction industry, particularly as a plasticizer in concrete admixtures like naphthalene sulfonate formaldehyde.
Demand Drivers
The market is witnessing significant growth due...
The global oral solid dosage (OSD) contract manufacturing market was valued at USD 36.50 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.97% from 2024 to 2030. The market's growth is fueled by advancements in drug delivery technologies, including targeted drug delivery and sustained-release dosage forms. Additionally, contract development manufacturing...
The global flight simulator market was valued at USD 5.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. Flight simulators provide various benefits, including mission-critical training programs that improve operational efficiency, lower operational costs, and offer advanced visual systems. These features deliver a near-real-world...
The global grow light market was valued at USD 4.23 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. The market growth is primarily driven by the rising popularity of urban cultivation, vertical farming, and the increasing adoption of sustainable methods for producing fruits and vegetables. The surge in the global population has...
The global animal wound care market was valued at USD 1.08 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.92% over the forecast period. The market's expansion is driven by several factors, including the growing adoption of companion animals, increased demand for veterinary surgeries, and a rise in animal injury cases. For example, data from the U.S....
In 2023, the global hydroponics market was valued at USD 5.00 billion and is forecasted to grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2030. This substantial growth is primarily due to the increasing use of hydroponic systems for indoor vegetable cultivation and the rising adoption of alternative farming techniques for growing cannabis. The growing acceptance of cannabis...
The global hydraulic cylinder market was valued at USD 15.32 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% between 2022 and 2030. This growth is largely driven by the increasing use of hydraulic cylinders across various industries, including material handling, construction, infrastructure, marine, and earthmoving. However, the COVID-19 pandemic...
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