The global bioabsorbable stents market was valued at $283.60 million in 2019, and is projected to reach $308.90 million by 2027, registering a CAGR of 5.6% from 2020 to 2027.A stent is a medical device which is inserted into the internal duct of the body for expanding the blood vessels and preventing the vessels from blockage. Bioabsorbable stents, also known as bioresorbable stents or naturally-d...

The global endoscopic retrograde cholangiopancreatography market was valued at $1,212.94 million in 2019, and is projected to reach $1,876.75 million by 2027, registering a CAGR of 5.6% from 2019 to 2027. Endoscopic retrograde cholangiopancreatography (ERCP) is a procedure used to diagnose diseases of the gallbladder, biliary system, pancreas, and liver. ERCP devices use a combination of fluorosc...

The global cannabis testing market was valued at $1,029 million in 2019, and is projected to reach $2,445 million by 2027, registering a CAGR of 11.9%. Cannabis testing refers to the analysis that an individual sample of cannabis may be examined to determine THC, CBD, and terpene levels as well as for contaminants and impurities such as residual solvents, mold, disease, pests or pesticide residue...

The global multi-metal aluminum sandwich panels market was valued at $7.5 billion in 2019, and is projected to reach $11.4billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027. The multi-metal aluminum sandwich panel has two layers of rigid material that are bonded together to the side of a lightweight core. These sandwich panels are being used in various applications such as aerospace, arc...

The global industrial sensors market size is expected to reach $35.47 billion by 2027 from $18.81 billion in 2019, growing at a CAGR of 9.77% from 2020 to 2027. The industrial sensor market exhibits substantial scope for growth in the near future. Currently, it is in its growing stage and is expected to witness significant growth within the next six years. Industrial sensor is a device that dete...

The global soft robotics market size was valued at $573.8 million in 2019, and is projected to reach $3.41 billion by 2027, registering a CAGR of 30.7% from 2020 to 2027. Soft robotics is the latest technology used across healthcare, logistic, and food & beverage industries. These robots provide the user consistency and flexible productivity. So, the user can handle products of different shape and...

The global isostatic pressing market was valued at $5.81 billion in 2019, and is projected to reach $7.97 billion by 2027, registering a CAGR of 6.02% from 2020 to 2027. Isostatic pressing is one of the fastest-growing heat and HIP treatment systems. Isostatic pressing is powder metallurgy designed to achieve maximum uniformity of density in titanium and other metallic applications. Thus, improves...

Near field communication (NFC) is an array of protocols based on a wireless interface that enables communication devices and electronic gadgets to establish radio communication with each other under proximity. Near field communication technology is mainly used in smartphones, laptops, and tablets for short range of data exchange (up to 10cm or less). This technology is used for marketing and payme...

The global residential boiler market was valued at $8.1 billion in 2019, and is projected to reach $12.3 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027. Residential boiler is the type of heating equipment that generates heat for water heating and space heating applications. Sometimes, residential boiler can be used in commercial applications by increasing its capacity. Generally res...

Express delivery service is a quick parcel delivery service for which the customer pays a considerable amount. It is a facility for international and domestic mail. It mainly includes non-palletized packages of documents, parcels, letters, merchandise, and other consumer goods to various customers such as retail, business, and government agencies. The delivery time usually varies between 24 and 72...

Customer relationship management (CRM) includes combination of strategies, technologies and practices that are used by organization to analyze and manage interactions between customer and organization as well as to collect data throughout the customer lifecycle. Its goal is to enhance customer and company relationships and help in customer sustainability and increases the sales growth. Customer re...

Satellite communications is the technology applied in communication of data, voice, or video at low latency and high bandwidth over long distances by commercial, civil, and government agencies. The satellite communication is utilized in Very Small Aperture Terminal (VSAT) systems, Digital Satellite News Gathering (DSNG), Direct-to-Home (DTH) television broadcasting, and several other applications,...

Sperm bank (cryo-bank or semen-bank) is a specialized repository that purchases and stores the sperms under scientifically controlled conditions to keep them viable for a longer period of time. These stored sperms are sold to clinics and hospitals across the globe for artificial insemination, which involves introduction of the sperm directly into the female’s uterine cavity to fertilize the egg ...

Vehicle analytics is the methodical computational analysis of statistics or data generated from the vehicle and utilized by OEMs, fleet owners, and others to attain operational efficiency. Real-time vehicle data generated from vehicle analytics technology is focused on driving behavior analysis and vehicle health for improvement in the areas of product R&D along with consumer experience analysis a...

The KSA and UAE hand tools market was valued at $363.20 million in 2019, and is projected to reach $476.80 million by 2027, registering a CAGR of 4.7% from 2020 to 2027. Hand tools are the equipment that are manually operated in construction, oil & gas, automobile and several other sectors for plumbing, carpentry, servicing and maintenance purposes. These tools are used by individuals as well as c...

The global insurance analytics market size was valued at $7.91 billion in 2019, and is projected to reach $ 22.45 billion by 2027, growing at a CAGR of 14.2% from 2020 to 2027. Insurance analytics engages in process of collecting, analyzing, and extracting relevant insights from various data sources. Moreover, insurance analytics largely help in pricing & risk selection, identifying customers at ...

The global Florida digital lending market size was valued at $4.35 billion in 2019, and is projected to reach $13.89 billion by 2027, growing at a CAGR of 16.7% from 2020 to 2027. Digital lending is the process of offering loans, in which lenders use digitized data to inform credit decisions and build intelligent customer engagement. In addition, digitalization allows consumers to register loan r...

The global flavors and fragrance market size was valued at $28,193.1 million in 2019, and is projected to reach $35,914.3 million by 2027, registering a CAGR of 4.7% from 2021 to 2027. Flavors and fragrance ingredients are natural and synthetic substances, which when added to products give them the desired smell. Fragrances are used extensively in products such as detergents, cosmetics, soaps, toi...

IoT in insurance sector help insurers to collect granular data from a vast number of connected sensors to draw meaningful insights from the collected data. In addition, it delivers numerous benefits to insurance companies that include eliminating data duplications, speeding up and optimizing claims process, and removing customer frustrations. In addition, IoT-based equipment have been collecting a...

The Australia balustrade market was valued at $44.1 million in 2019, and is projected to reach $54.5 million by 2027, registering a CAGR of 4.0% from 2020 to 2027. A balustrade is defined as a row of balusters that are installed along the edge of a staircase, balcony, deck, terrace, and others. It can be made from various materials including metal, wood, stone, steel, glass, and others. The balust...

The global clear brine fluids market was valued at $1.0 billion in 2019, and is projected to reach $1.3 billion by 2027, growing at a CAGR of 3.6% from 2020 to 2027. Clear brine fluids are engineered salt solutions that contain at least one of the components: chloride, bromide, and formate. It is solid-free and is used in upstream oil & gas operations as a drill-in, completion, and workover fluid....

Although big data technologies hold the key for most of our problems and for future innovations, there are plenty of challenges that have to be addressed quickly. The biggest challenge and concern is that the big data technologies lack privacy. This scenario has created a strong foundation for the big data security solutions; thus, alleviating the market growth during the forecast period. Artifici...

The global smart card market was valued at $10.19 billion in 2019, and is projected to reach $15.57 billion by 2027, growing at a CAGR of 6.2% from 2020 to 2027. A smart card is also identified as an integrated circuit card or chip card, which contains a computer chip and permits the user to buy goods & services, access medical, financial or other records, enter restricted areas, or perform other ...

The global LiDAR sensor for environmental market size was valued at $249.3 million in 2019, and is projected to reach $653.8 million by 2027, to register a CAGR of 15.1% from 2020 to 2027. Light detection and ranging (LiDAR) system was introduced to enable examination, detection, and mapping of objects using light rays. Basic LiDAR device consists of a sender, which emits light rays and a receiver...

The global audio IC market size was valued at $27.72 Billion in 2019, and is projected to reach $45.57 Billion by 2027, to register a CAGR of 7.09% from 2020 to 2027. Audio IC is an electronic device, which is used in audio processors, MEMS microphones, audio amplifiers, and subsystems. Various types of audio ICs include audio amplifiers, audio converters, audio DSPs, and audio processors. Audio a...

Cold chain logistics is a temperature-controlled supply chain that is an uninterrupted chain of distribution and storage activity in which a given temperature is maintained throughout the chain. This type of logistics is used to ensure and extend the life of goods and products such as seafood, frozen food, agriculture produce, chemicals, photographic film, pharmaceutical drugs, and others. Monitor...

Automotive switches are one of the basic components of a vehicle. They regulate the entire electrical equipment installed in an automobile. Presently, electromechanical automotive switches are commonly installed in all vehicle types. They are quite convenient to operate and are quite responsive. They are used to operate power windows, power seats, HVAC systems, and others. Automatic switches used ...

The global thermoplastic composites market was valued at $15.2 billion in 2019, and is projected to reach $22.8 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027. Composite materials are formed by combining a resin matrix, armature and operational additives. There are two types of composites – thermoset and thermoplastic composites. Thermoplastic composites developed from structural p...

The global healthcare fabrics market was valued at $15.9 billion in 2019, and is projected to reach $37.4 billion by 2027, growing at a CAGR of 13.0% from 2020 to 2027. Healthcare fabrics are primarily intended to reduce the risk of contamination and to aid in the prevention of infection and disease transmission on the cloth. Medical fabric, also known as healthcare fabric, is created by applying ...

The U.S. home medical equipment market was valued at $11,537.17 million in 2019, and is projected to reach $20,412.32 million by 2027, registering a CAGR of 5.6% from 2020 to 2027 Home medical equipment is a type of medical device that offers convenient, cost-effective, safe, and appropriate treatment to patients. These consist of various devices that are easily accessible by patients or caregi...