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Showing posts from July, 2024

U.S. Cold Storage 2030 - Latest Innovation Drives Market Growth

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U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. The market growth is profoundly influenced by the mas

Clinical Laboratory Tests Market 2030 - Emerging Market is Fueling Growth

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Clinical Laboratory Tests Market Growth & Trends The global  clinical laboratory tests market  size is expected to reach USD 213.04 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the clinical laboratory tests market is attributable to the rising prevalence of target diseases. The use of clinical laboratory tests is on a rise owing to the use of tests in a wide variety of diagnostic purposes that primarily focus on patient health leading to evaluating and formulating proper diagnosis and treatment. The global geriatric population is increasing and is considered as being the greatest risk factor for the development of conditions, such as cardiovascular diseases and kidney dysfunction. According to WHO, the population aged above 60 years is expected to be 1 in every 6 people by 2030, which accounts for an increase from 1 billion in 2020 to 1.4 billion by 2030. In addition, the number of people aged

The Global System Integration Market Poised to Explode By 2030

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System Integration Market Growth & Trends The global  system integration market  size is expected to reach USD 955.21 billion by 2030 and expand at a CAGR of 13.8% from 2023 to 2030 according to the recent reports of Grand View Research, Inc., The rising consumer inclination towards low-cost and energy-efficient production processes, cloud computing, and virtualization is the key market factor driving the system integration market growth. Automation technologies such as additive manufacturing (3D printing) and robotics possess the ability to transform work patterns in emerging and developed economies, creating robust market opportunities. Furthermore, rising demand for automation technologies has accelerated the modernization of production facilities in several end-use industries, propelling the system integration market expansion The growing cloud computing adoption and significant advancements in virtual technologies are expected to boost the adoption of system integration solu

Intelligent Transportation Systems Market 2030 : Poised for Explosive Growth

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The global intelligent transport system market has been on an upward trajectory, driven by technological advancements, urbanization, and the need for efficient transportation solutions. Traffic jams, missed connections, and the eternal hunt for parking are just a few of commuters' daily frustrations in our increasingly congested world. Now, imagine a world where traffic jams are a thing of the past, public transit is efficient and reliable, and road safety is paramount. Welcome to the era of Intelligent Transportation Systems (ITS) industry, where technology and innovation converge to transform how one travels. A world where traffic lights adjust to real-time flow, highways warn of upcoming hazards, and your car seamlessly integrates with the infrastructure. This is the future promised by ITS, and it's not just science fiction. Gather more insights about the market drivers, restrains and growth of the Intelligent Transport System Market The Evolution of Transportation The

A Deep Dive into the Research Antibodies Market

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The research antibodies market has been steadily growing, and it’s no surprise because, in the vast and intricate world of scientific research, antibodies have emerged as indispensable tools. They are scientists' secret weapons, enabling groundbreaking discoveries in fields ranging from cancer research to immunology. Let’s delve into the fascinating landscape of the research antibodies market and explore the factors driving its expansion. A Vital Tool in Scientific Discovery Antibodies, or immunoglobulins, are proteins in the body produced by the immune system to identify and neutralize or destroy foreign objects like bacteria and viruses. These tiny proteins, produced by B cells, are essential components of the human immune system. Their unique ability to recognize specific molecules makes them ideal probes for studying cells and identifying crucial chemicals within them. Researchers harness these natural defenders to study various biological processes. By tagging antibodies w

Biobank Market: Revolutionizing Health Security

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The biobank market is booming with the rising preference for personalized medicine and genetic testing approaches. Biobanks are a trending need in the medical research sector, supporting research activities and fulfilling the market's unmet needs. As there is a greater emphasis on research and innovation to bring more efficient therapies, biobanks play a crucial role.  The high popularity of genetic testing has led to an escalated demand for biospecimens from clinical labs to develop assays & tissue models for genetic testing. With the surge in advances in the personalized and regenerative medicine sector, the need for biospecimens from biotechnological industries has increased greatly thereby contributing biobank market. Biotechnological and biopharmaceutical companies are highly focused on sequencing tools to provide efficient raw materials for biomedical and clinical research. Biobanking offers a platform to analyze genetic alternations causing various diseases, further le

The Education Technology Market's Exponential Growth - From Classrooms to Cloud

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The global  education technology market  size is expected to reach USD 348.41 billion by 2030, growing at a CAGR of 13.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to massive open online courses (MOOCs), the EdTech industry is transforming rapidly, thereby leading to an influx of massive investments worldwide. Having realized the potential of leveraging the advances in technology to enhance the process of learning, governments across the world are encouraging the incumbents of the education industry to undertake various initiatives aimed at integrating EdTech into the overall education system. In January 2022, the Delhi government (India) took the initiative to install 20,000+ smart classrooms in the school by installing 16 smart classrooms in Shaheed Amir Chand Sarvodaya Vidyalaya. The initiative toward deploying smart classrooms enhances the teac

Biotech Boom: A Market Poised to Explode pen_spark

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Biotechnology Market Growth & Trends The global  biotechnology market  size is expected to reach USD 3.88 trillion by 2030, registering a CAGR of 13.96% over the forecast period, according to a new report by Grand View Research, Inc. The market is driven by factors including the advent of innovative and advanced technologies, significant investments & government initiatives favoring the biotechnology industry, and rising demand for synthetic biology applications. Biotechnology startups are acquiring robust funding support and venture capital investments, which, in 2021, amounted to USD 41 billion; an increase of over 11% as compared to the previous year’s USD 36.7 billion. Notable funding rounds included Caris Life Sciences’ $830 million in May 2021 for its precision medicine platform expansion, Abogen’s $700 million Series C funding in August 2021 for its COVID-19 vaccine candidate’s clinical development, & ElevateBio’s $525 million Series C funding in March 2021 for adva