Posts

Showing posts from November, 2023

Artificial Intelligence And Machine Learning Are Fueling Growth Of Assessment Services Market

Image
Assessment Services Market The global Assessment Services Market is estimated to be valued at US$ 14.83 Bn in 2022 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Assessment services help companies evaluate candidates for recruitment based on attributes like critical thinking, decision making, problem solving etc. Employers use these tools to hire best talent aligned with organizational goals and culture. Services include cognitive ability tests, personality tests, situational judgement tests, remote proctoring and AI powered video interviews. Market key trends: The growing adoption of data-driven talent selection strategies coupled with developments in AI and machine learning is driving demand for assessment services. Use of algorithms and neural networks powered by big data helps analyze candidate attributes and person-organization fit more objectively. Virtual asses...

UK Fashion Ecommerce Market Segment Contributes Largest Share

Image
UK Fashion Ecommerce Market The global UK Fashion Ecommerce Market is estimated to be valued at US$ 31.19 Billion in 2022 and is expected to exhibit a CAGR of 15.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The UK fashion ecommerce market offers a wide range of apparel, footwear and accessories online. Products available through these ecommerce platforms provide convenience and options to consumers. The market caters to changing fashion trends and consumer needs. Market key trends: One of the key trends in the UK fashion ecommerce market is the growing preference of consumers toward personalized and customized fashion offerings. Various platforms now allow customers to customize apparel and accessories as per their preferences regarding fit, styles, designs etc. This offers consumers unique products tailored to their individual needs and tastes. Furthermore, it also helps companies to better understand ...

Premium Intraocular Lenses Is Fastest Growing Segment Fueling The Growth Of Intraocular Lens Market

Image
Intraocular Lens Market The global Intraocular Lens Market is estimated to be valued at US$ 719.98 Bn or Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Intraocular Lens (IOLs) are thin, clear lenses implanted to replace the eye's natural crystalline lens and are used in cataract surgery. IOLs help improve vision and reduce dependency on spectacles. They are foldable and soft materials allow minimal invasive surgery and faster visual recovery. Market key trends: One of the key trends in the intraocular lens market is the rising prevalence of premium and technology advanced IOLs. Premium IOLs such as multifocal IOLs, toric IOLs, and accommodating IOLs are witnessing higher demand owing to their advanced optics and features. For instance, multifocal IOLs help reduce the dependency on spectacles for distance and intermediate vision after cataract surgery...

Emerging Diagnostic Methods To Boost The Growth Of Next Generation Sequencing Market

Image
Next Generation Sequencing Market The global Next Generation Sequencing Market is estimated to be valued at US$ 588.65 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Next Generation Sequencing (NGS) refers to the new DNA sequencing technologies that parallelize the sequencing process, producing millions or billions of sequences simultaneously. NGS has revolutionized genomic research and enabled breakthrough insights into human biology and disease. It is used in various applications like cancer diagnosis, genetic disorders diagnosis, reproductive health, drug discovery, agriculture, and more. Advantages of NGS over traditional sequencing methods include high speed and low cost of sequencing. NGS has the potential to deliver personalized medicine by enabling the identification of genomic alterations underlying disease risk and drug response for individual p...

Negative Pressure Wound Therapy (NPWT) Devices Is Fastest Growing Segment Fueling The Growth Of Negative Pressure Wound Therapy Devices Market

Image
Negative Pressure Wound Therapy (NPWT) Devices Market The global Negative Pressure Wound Therapy (NPWT) Devices Market is estimated to be valued at US$ 16537.84 Mn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Negative pressure wound therapy (NPWT) devices are being widely used in the treatment of acute and chronic wounds such as diabetic foot ulcers, pressure ulcers, surgical wounds, and trauma wounds. These devices help in removing excess exudates and infectious materials from the wound site, thereby promoting faster healing. Market key trends: One of the key trends in the NPWT devices market is the growing adoption of single-use NPWT devices. Single-use NPWT devices offer advantages such as elimination of costs associated with cleaning, disinfection, and sterilization of reusable devices between patients. They also reduce the risk of cross-contaminatio...

Intravenous Fluid Therapy is the Fastest Growing Segment Fueling the Growth of Intravenous Solutions Market

Image
Intravenous Solutions Market The global Intravenous Solutions Market is estimated to be valued at US$ 577,228 bn or Million in 2023 and is expected to exhibit a CAGR of 6.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Intravenous solutions are fluids administered through a vein via a needle or catheter. They are often used to provide essential nutrients, medications, or fluids to patients. Common uses include rehydration, correcting electrolyte imbalances, and ensuring nutrition is delivered for patients who cannot eat or absorb nutrients through the digestive system. Market key trends: One of the major trends in the intravenous solutions market is the increasing use of intravenous fluid therapy. Intravenous fluid therapy involves the administration of aqueous solutions containing electrolytes, sugars, and medications through an intravenous catheter. It is widely used for rehydration, maintenance of f...

Growing Applications of High-Performance Lubricants is Fueling the Growth of Marine Lubricants Market

Image
Marine Lubricants Market The global Marine Lubricants Market is estimated to be valued at US$ 11,185.6 Mn or Bn in 2022 and is expected to exhibit a CAGR of 6.1% over the forecast period 2021 to 2028, as highlighted in a new report published by Coherent Market Insights. Market Overview: Marine lubricants are oils used to reduce friction between the moving parts on a ship to enhance operational efficiency, improve performance, and extend machinery lifespan. They play an important role in reducing maintenance costs and downtime. Market key trends: One of the key trends fuelling growth in the marine lubricants market is the increasing application of high-performance lubricants in various machineries including main engines, hydraulic systems, greases, and others. Main engine cylinder oils and system oils require efficient lubricants to withstand extreme pressure and reduce sludge formation. Leading lubricant manufacturers are focusing on developing advanced lubricants with better corro...

Uninterruptible Power Supply (UPS) Market; Smart Power and Energy Systems Segment To Contribute Major Share

Image
Uninterruptible Power Supply (UPS) Market The global uninterruptible power supply (UPS) market is estimated to be valued at US$ 8.23 Bn in 2022 and is expected to exhibit a 4.2% CAGR over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Uninterruptible power supply or UPS systems provide emergency backup power to connected equipment when the main power fails or drops to unacceptable voltage levels. They help protect hardware, data, and productivity by conditioning utility or generator power. UPS systems offer reliability, security, and enhanced power that helps critical devices operate during a blackout. Market key trends: One of the key trends in the UPS market is the adoption of lithium-ion batteries. Lithium-ion batteries are increasingly replacing traditional lead-acid batteries in UPS systems due to their superior performance which includes higher storage capacity, lighter weight, longer lifespan and less ...

Multiple Input Multiple Output (MIMO) Market Worldwide Opportunities, Driving Forces, Future Potential 2023 - 2030

Image
Multiple Input Multiple Output (MIMO) Market Computing Systems Segment: The global Multiple Input Multiple Output (MIMO) Market is estimated to be valued at US$ 10.93 Bn in 2023 and is expected to exhibit a CAGR of 10.5% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Multiple Input Multiple Output (MIMO) uses multiple antennas at both the source (transmitter) and destination (receiver) to improve communication performance. MIMO exploits multipath propagation to increase channel capacity and link reliability or extend transmission range in wireless communication. The use of MIMO helps to improve data speed and network coverage without requiring additional bandwidth or transmit power. Market key trends: The increased adoption of 5G technology across various industries has boosted the demand for advanced wireless communication technologies such as MIMO. 5G networks require MIMO technology to achieve the high d...

Elastomeric Coating Market Growth Drivers, Business Strategies and Future Prospects 2021 to 2028

Image
Elastomeric Coating Market  The global Elastomeric Coating Market is estimated to be valued at US$ 11.5 Bn in 2022 and is expected to exhibit a CAGR of 14.1% over the forecast period, 2021 to 2028, as highlighted in a new report published by Coherent Market Insights. Market Overview: Elastomeric coatings are flexible coatings that can stretch to almost twice their original length and return to their original form without adversely affecting the bond. They prevent cracking and peeling and provide superior adhesion along with weather resistance. The coatings are predominantly used on metal roofs, walls, facades, and other building components to protect them from weathering. Market key trends: One of the key trends in the elastomeric coating market is the growing demand for eco-friendly coatings. Regulatory restrictions on the use of Volatile Organic Compounds (VOCs) in coatings have propelled research towards bio-based and zero/low VOC formulations. Major players are focusing on d...

Buy Now Pay Later Platforms Market Size, Share Global Updates, Future Growth, Forthcoming Developments

Image
Buy Now Pay Later Platforms Market Global BNPL Platforms Market The global BNPL Platforms Market is estimated to be valued at US$ 10.42 Bn or Mn in 2022 and is expected to exhibit a CAGR of 21.5 % over the forecast period 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Buy now pay later (BNPL) platforms offer consumers an alternative payment method to traditional credit cards by allowing them to split purchases into multiple interest-free installments over time. BNPL is gaining popularity among millennial shoppers as it provides flexibility and convenience. Market key trends: The growing demand for alternative payment methods among online shoppers is fueling the growth of BNPL platforms. According to a survey, over 50% of millennials said they preferred BNPL over credit cards for online shopping. BNPL platforms make online shopping affordable by enabling customers to pay for purchases over time without interest charges. This fle...

Engineering Plastics Segment Expected To Dominate The Global Polyamide 12 Market

Image
Polyamide 12 Market The global Polyamide 12 Market is estimated to be valued at US$ 381.8 Bn in 2022 and is expected to exhibit a CAGR of 5.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Polyamide 12 is an engineering plastic known for its high melting point, low density and strong engineering properties. It finds extensive usage in precision parts, flexible tubing, oil pans, gears and bearings due to its high heat and wear resistance along with toughness. The material also offers advantages like chemical resistance, durability and ease of processing. Market key trends: The engineering plastics segment is expected to dominate the global polyamide 12 market over the forecast period. Polyamide 12 possesses properties which makes it an ideal material for engineering applications. Its high strength to weight ratio and melting point make it suitable for usage under extreme conditions. Also, polyamide 12 offer...

Pharmacovigilance Market Size, Status, Top Emerging Trends, Growth and Business Opportunities 2022-2030

Image
Pharmacovigilance Market Pharmacovigilance Market Review The global Pharmacovigilance Market is estimated to be valued at US$ 6.70 billion in 2022 and is expected to exhibit a CAGR of 7.0% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The Pharmacovigilance Market consists of products and services used to detect, assess, understand, and prevent adverse effects or any disease from pharmaceutical products. Pharmacovigilance plays a crucial role in improving patient care and safety related to medical products. Market key trends: One of the key trends in the pharmacovigilance market is the increasing adoption of electronic health records (EHR). EHR allows healthcare providers to access patient health information in digital format and share records across various healthcare settings. EHR plays a pivotal role in pharmacovigilance by integrating drug safety data and providing alerts about potential adverse drug r...

Cosmetic Packaging Market Skin Care Products Segment Contributed Significant Revenue Share

Image
Cosmetic Packaging Market  The global Cosmetic Packaging Market is estimated to be valued at US$ 29295.61 Mn in 2022 and is expected to exhibit a CAGR of 3.84 % over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Cosmetic packaging products include jars, bottles, tubes, bags, and other containers that are used to hold cosmetic products such as skin care, hair care, makeup, and fragrances. These packaging products provide protection and ease of application for the cosmetic products. The demand for innovative and sustainable packaging is growing in the market. Market key trends: One of the key trend gaining traction in the cosmetic packaging market is the increasing demand for sustainable and eco-friendly packaging solutions. Consumers are increasingly preferring packaging materials that are biodegradable and recycled in nature. Moreover, manufacturers are focusing on developing packaging with lesser environmen...