Recycled Elastomers Market Will Touch USD 19,781.2 Million by 2030
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The recycled elastomers market was USD 8,921.8 million in 2022, and it will touch USD 19,781.2 million, advancing at a 10.5% compound annual growth rate, by 2030.
The growth of the industry is mainly credited to the strict government rules, rising consciousness of recycling benefits, and increasing adoption of elastomers in numerous industries for various purposes.
Furthermore, the mounting population is boosting the adoption of elastomers, because of their effective properties for instance strength, flexibility, durability, and cost-effectiveness. These elastomers are used according to their qualities for example high heat resistance, ease to recycle, and corrosion resistance, which are the main reasons boosting their requirement in China, India, and Brazil.
In 2022, the thermoset category, based on type, accounted for a larger revenue share, of more than 60%, and it will grow at a higher compound annual growth rate to remain larger in the years to come. This is attributed to the fact that thermosets are implemented in numerous industries, for instance, electrical goods, automotive, aerospace, and construction.
Pharmacovigilance Market Is Set To Reach $15,259.8 Million by 2030
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The global pharmacovigilance market is expected to reach $... View MorePharmacovigilance Market Is Set To Reach $15,259.8 Million by 2030
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The global pharmacovigilance market is expected to reach $15,259.8 million by 2030 from $6,724.2 million in 2021, growing at a CAGR of 9.5% during 2021–2030. In 2021, based on therapeutic area, the oncology category held a 27% share. Due to the side-effects of cancer drugs, monitoring their safety is extremely important. In this regard, pharmacovigilance aids in detecting, managing, and even preventing adverse drug reactions and limiting the requirement for needless medical prescriptions.
The high patient compliance for drug usage, rising concerns regarding drug safety, and growing incidence of toxicity and ADRs propel the pharmacovigilance market growth. Moreover, non-government and government organizations are focusing on drug efficacy and safety, which is compelling drug developers and entities conducting medical trials to avail of pharmacovigilance services.
Cardiac Monitoring Market To Reach $16,124.0 Million by 2030
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Due to the rising prevalence of CVDs, the cardiac monitoring market was... View MoreCardiac Monitoring Market To Reach $16,124.0 Million by 2030
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Due to the rising prevalence of CVDs, the cardiac monitoring market was valued at $7,965.7 million in 2021, which is expected to grow at a CAGR of 8.2% from 2021 to 2030, to reach $16,124.0 million by 2030. The continuous monitoring of heart health is essential due to lifestyle changes; as a result, medical technology businesses are introducing a variety of products.
Biotricity Inc. launched Bioheart, a heart monitor that allows for rhythm tracking for 48 hours on a full battery, in November 2021. According to the WHO, CVDs are the largest cause of death worldwide, killing 17.9 million people each year. Excessive smoking of cigarettes, obesity, high cholesterol levels, poor nutrition, physical inactivity, diabetes, and alcohol consumption directly impair heart health.
NGS Sample Preparation Market Is Set To Reach $5,501.2 Million by 2030
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The global NGS sample preparation market was worth around $1... View MoreNGS Sample Preparation Market Is Set To Reach $5,501.2 Million by 2030
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The global NGS sample preparation market was worth around $1,598.8 million in 2021, and it is expected to reach $5,501.2 million by 2030, growing at a CAGR of 14.7% from 2021 to 2030. Due to the rise in medical research activities and the presence of prominent technology suppliers, the APAC market is expected to archive the fastest growth in the near future. Next-generation sequencing (NGS) is a high-throughput technology that may be used to learn about any organism at the transcriptomic, genomic, or epigenetic level.
The pandemic has had a positive influence on the market. To study the virus's structure, the genomic sequence of its etiological agent had to be rebuilt right away. Furthermore, the testing procedure for virus-infected persons has become easier owing to NGS, allowing healthcare experts to create tailored medications for their treatment.
Non-Surgical Skin Tightening Market Revenue Will Be $2,059.7 Million by 2030.
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The non-surgical skin tightening market size is expected to reach $2,059.7 million by 2030 from $1,140.6 million in 2021, at a 6.8% CAGR. In recent years, the increasing acceptance of aesthetic procedures among people has been pushing the market size. Therefore, companies offering these solutions have been vastly involved in product launches and in achieving regulatory approvals. Major companies in the market include Merz Pharma GmbH & Co KGaA, Cutera Inc., Bausch Health Companies Inc., Sisram Medical Ltd., Lumenis Be Ltd., and Cynosure.
As noticeable, more women prefer this technique than men, with men also considering it for appearance enhancement. For instance, in 2020, 10.4 million non-surgical procedures, which were 92% of the total, were performed on females, as per the Plastic Surgery Statistics Report. In addition, the highly developed healthcare facilities and advanced technology are lifting the market size.
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