The electricity category is anticipated to grow at a CAGR of 8% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 1.79 trillion. Emerging and expanding economies in Asia are the driving forces for increasing growth. Policy, technology, and consumer preferences are all factors affecting how the globe consumes electricity. The category's growth is being...
The translation services category is expected to grow at a CAGR of 4% from 2023 to 2030. The two main sub-divisions include human-assisted translations and machine translations. Neural machine technology (NMT), which is still in the developing phase, is one of the major technologies in machine translation. The advent of neural machine translations has allowed companies to see the...
The clinical IT services category is expected to grow at a CAGR of 17.9% from 2023 to 2030. North America has the biggest category share with more than 50% and APAC is expected to be the fastest-growing region during the forecast period. Aspects like the proliferation of digitization in healthcare, a growing demand for pre-emptive care options, the development of multiple startups,...
The health and wellness management services category is expected to grow at a CAGR of 4.47% from 2023 to 2030. A McKinsey survey report conducted in 2021 found that 79% of consumers considered well-being to be of prime importance. Over the last two to three years, almost 48.2% of Americans have increased prioritizing health and wellness. In the U.K., the study found, following the...
The ammonia category is anticipated to grow at a CAGR of 5.4% from 2023 to 2030. Asia Pacific region dominated the category with more than 50% in 2022. According to Ammonia Energy Association, India accounts for 8% of the global production. A rise in the production of fertilizers is expected to drive the demand, as approximately 70% of this product is used to make fertilizers....
The outplacement services category is anticipated to witness growth at a CAGR of 7.0% from 2024 to 2030. Global outplacement broadens the scope of regional outplacement programs to assist businesses with personnel dispersed over vast geographic areas. In the current era of remote work and fragmented labor forces, global outplacement aids companies in offering assistance to their...
The disposable gloves category is expected to grow at a CAGR of 3.9% from 2023 to 2030. The North American region accounts for the largest category share, while the Asia-Pacific region is anticipated to be the fastest-growing region in the forecast period. Factors such as increasing public-private partnerships in the healthcare sector, enhancing healthcare infrastructure, and...
The employee benefits market is expected to grow at a CAGR of 4.5% from 2024 to 2030. North America accounts for the largest share of the category. The increased competition among employers to hire and retain talent along with increasing focus on maintaining work-life balance among employees are driving category growth. Major corporations are employing various strategies, such as...
The vaccines category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030. They can be classified mainly into six types - Live-attenuated, inactivated, sub-unit, toxoid, viral vector, and messenger RNA (mRNA) vaccines. Among these, the mRNA sector held the largest share of 39% in 2022. The growth of the category is mainly attributed to the rising requirement for effective...
The global lab equipment category is anticipated to witness growth at a CAGR of 7.62% from 2023 to 2030. In 2022, the North America region accounted for 38% of the market share followed by Asia-Pacific and Europe. Some of the major factors propelling the industry's growth in the Asia Pacific region include the growing number of clinical research organizations (CROs) and life science...
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