Ophthalmic Equipment Market: Outlook, Forecast, Trends & Size Revealed in New Report
The global ophthalmic equipment market, valued at $66.2 billion in 2023, is projected to grow to $88.5 billion by 2029, driven by increasing rates of eye disorders like cataracts, glaucoma, and diabetic retinopathy. Key drivers include the aging population and rising awareness of eye health. Technological advancements, such as femtosecond lasers and phacoemulsification systems, are enhancing the precision...
Allergy Diagnostics Market Growth Outlook 2029: Industry Trends, Strategic Insights, and Market Expansion Forecast
Allergy Diagnostics Market in terms of revenue was estimated to be worth $5.3 billion in 2024 and is poised to reach $9.8 billion by 2029, growing at a CAGR of 11.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The growth of this market is majorly driven by rise in initiatives and investments for allergy research, growth in home care allergy test...
Powering the Future: Trends Driving the Switchgear Monitoring System Market in North America
The global Switchgear Monitoring System Market is projected to reach USD 2.7 billion by 2028 from an estimated USD 1.8 billion in 2023, at a CAGR of 8.4% during the forecast period. The demand to secure electrical distribution systems is the need for the continuous monitoring of switchgear, and growing investments in renewable energy offer high-growth opportunities for the market.
Gas Insulated...
Automotive Green Tires Market Size, Share & Growth Report 2028
The global automotive green tires market size is projected to grow from USD 11.5 billion in 2023 to USD 15.8 billion by 2028, at a CAGR of 6.5%. The high demand for low rolling resistance tires is one of the key factors driving the growth of the green tires market. Low rolling resistance tires are designed to reduce the amount of energy required for a tire to roll, which can lead to improved fuel...
Automotive Interior Market Size, Share, Growth & Forecast 2028
The global automotive interior industry, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028.
The growth of the automotive interior market is influenced by various factors such as Increasing customer preference for convenience, premium features, and advanced safety features, Integration of smartphone connectivity,...
Market Insights: How Tea Extracts Are Transforming the Food & Beverage Industry
According to a research report published by MarketsandMarkets, the global tea extract market is poised for substantial expansion in the coming years. Estimated at USD 2.99 billion in 2025, the market is projected to reach USD 4.36 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period.
Factors Driving Market Growth
Several factors are driving the...
Cabin Management System Market Poised for 6.2% CAGR Growth Through 2029
The global Cabin Management System (CMS) market is projected to grow from USD 1.39 billion in 2024 to USD 1.88 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.2% during the forecast period. The increasing demand for personalized in-flight experiences, seamless connectivity, and smart cabin technologies is fueling market expansion.
Key Market Growth Drivers
1. Rising...
The Industrial Boiler Market in 2025: Trends, Growth, and Key Industrial Boiler Companies to Watch
The industrial boiler market plays a crucial role in various industries, including power generation, food processing, and chemical manufacturing. These boilers are essential for steam and heat production, which drive industrial operations and ensure efficient energy utilization. As of 2022, the global industrial boiler market was valued at USD 15.3 billion and is projected to reach USD 19.8 billion...
Relay Market Surge Towards Solid Growth by 2030
Relay market is anticipated to grow from an estimated USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period. With the increasing penetration of renewable energy sources, new challenges emerge, especially in the electric grid, in the electrical grid. Relay systems stabilize the grid through power variation management, uninterrupted connections of various...
Mobile Application Security Testing Market: Growth Trends and Future Prospects
The global Mobile Application Security Testing Market is estimated to be worth USD 0.9 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 28.3% during the forecast period. The rapid pace of technological advancements and frequent software updates drive the MAST market. Mobile platforms, operating systems, and development frameworks undergo continuous changes and improvements....