Latest Market Research Trends

  The global digital diabetes management market was valued at USD 13.4 billion in 2024 and is projected to grow significantly, reaching USD 21.9 billion by 2030. This expansion represents a compound annual growth rate (CAGR) of 8.7% between 2025 and 2030. The robust growth trajectory of the market is primarily driven by two key factors: the rising prevalence of diabetes worldwide and the continuous technological advancements that are transforming diabetes care into a more connected, data-driven, and patient-centric approach. According to the International Diabetes Federation (IDF), around 536 million adults were living with diabetes in 2021, and this number is forecasted to surge to 783 million by 2045. This sharp rise highlights the increasing global healthcare burden, necessitating advanced and scalable solutions for monitoring and managing the disease. In this context, digital diabetes management technologies ranging from apps and wearables to smart insulin device...

  The global dengue testing market was valued at USD 612.53 million in 2024 and is projected to grow steadily, reaching USD 822.61 million by 2030. This expansion reflects a compound annual growth rate (CAGR) of 5.22% from 2025 to 2030. The market growth is being strongly driven by several interlinked factors, including the increasing frequency of dengue outbreaks, rapid advancements in diagnostic technologies, and expanding public health initiatives worldwide. The urgency for improved testing solutions was highlighted by the 2024 dengue epidemic in Latin America and the Caribbean, which recorded over 13 million suspected cases and more than 8,000 deaths. This crisis not only exposed gaps in existing healthcare infrastructure but also emphasized the critical importance of timely and reliable diagnostics to support outbreak management and reduce mortality rates. The dengue testing industry is undergoing significant technological transformation, particularly in the are...

  The global deepfake AI market was valued at USD 562.8 million in 2023 and is expected to witness remarkable expansion, reaching an estimated USD 6,140.3 million by 2030. This growth represents a compound annual growth rate (CAGR) of 41.5% between 2024 and 2030, highlighting the rapid pace at which this technology is being adopted across multiple industries. A major driving factor behind this unprecedented growth is the advancement of generative adversarial networks (GANs), which are the foundational technology for creating deepfakes. GANs consist of two core components: The Generator, which produces synthetic content such as images, videos, or audio. The Discriminator, which evaluates the generated content against real data and provides feedback. These two networks continuously interact and improve, leading to the creation of highly realistic synthetic media that is often indistinguishable from genuine content. As GAN architectures and training methods become more so...

  The global endoscopic submucosal dissection (ESD) market was valued at USD 370.4 million in 2024 and is projected to expand to USD 512.0 million by 2030, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2030. This growth is primarily driven by the increasing prevalence of gastrointestinal cancers and other related disorders, combined with continuous advancements in endoscopic technology and instrumentation. These developments have significantly improved the efficiency, safety, and accessibility of minimally invasive diagnostic and therapeutic procedures, such as ESD. One of the major growth catalysts for this market is the rising incidence of gastrointestinal cancers worldwide. For example, according to estimates from the American Cancer Society, 26,890 new cases of stomach cancer are expected in 2024 in the United States alone, comprising 10,730 cases among women and 16,160 cases among men. As the rates of esophageal, gastric, and colorectal ca...

  The global Electromagnetic Interference (EMI) shielding market was valued at USD 6.8 billion in 2022 and is forecasted to reach USD 10.4 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. One of the primary drivers of this growth is the rapid progress in the 5G technology sector, which demands highly reliable signal transmission, coupled with the accelerated pace of digital transformation across major industries. This surge in digitization is largely fueled by the growing need for enhanced service quality, improved connectivity, and advanced technological solutions in key sectors such as automotive, telecommunications, IT, consumer electronics, and aerospace & defense. EMI shielding refers to the use of protective techniques and materials in electrical and electronic systems to prevent unwanted electromagnetic interference from affecting the performance of sensitive components or disrupting nearby devices. In telecommu...

  The global debt collection software market was valued at USD 4.92 billion in 2023 and is projected to grow significantly, reaching USD 9.27 billion by 2030. This represents a compound annual growth rate (CAGR) of 9.6% from 2024 to 2030. The market’s expansion is primarily driven by the rising demand for efficient debt recovery mechanisms and the growing need to reduce bad debts while maintaining healthy cash flows. As businesses face increasing financial pressure, effective debt management has become crucial for sustaining profitability and liquidity. Debt collection software plays a vital role in enhancing the efficiency of recovery processes. By automating repetitive and time-consuming tasks such as sending payment reminders, generating detailed reports, scheduling follow-ups, and managing debtor communications, companies can reduce operational costs and improve productivity. Automation also helps standardize processes, ensuring better compliance with legal regu...

  The global cylinder deactivation system market was valued at USD 4.68 billion in 2024 and is projected to reach USD 6.93 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2030. The market’s growth is primarily driven by the tightening of global fuel economy standards and emission regulations. Governments in major automotive markets such as the U.S., European Union, Japan, and China are enforcing stringent Corporate Average Fuel Economy (CAFE) targets and Euro emission standards. These regulations compel automakers to integrate advanced efficiency enhancing technologies that reduce fuel consumption and emissions without compromising vehicle performance or drivability. Cylinder deactivation systems address this challenge by temporarily shutting down a portion of an engine’s cylinders under low-load driving conditions, thereby improving fuel efficiency and lowering CO₂ emissions. Manufacturers are increasingly incorporating these sy...

  The global customer intelligence platform market was valued at USD 2.51 billion in 2023 and is projected to surge to USD 13.18 billion by 2030, registering an impressive compound annual growth rate (CAGR) of 28.3% from 2024 to 2030. This remarkable growth reflects the increasing recognition among businesses of the strategic value of customer data in shaping decision-making, enhancing customer engagement, and driving profitability. A key driver of this market’s expansion is the integration of advanced artificial intelligence (AI) and machine learning (ML) capabilities. As these technologies mature, customer intelligence platforms are increasingly able to deliver more accurate predictions of customer behavior and emerging market trends. This predictive capability allows organizations to proactively address customer needs, optimize marketing strategies, and even anticipate shifts in consumer sentiment before they occur. Furthermore, the rapid adoption of Internet of T...

  The global customer identity and access management (CIAM) market was valued at USD 8.12 billion in 2023 and is projected to grow significantly, reaching USD 26.72 billion by 2030. This reflects a robust compound annual growth rate (CAGR) of 17.4% during the forecast period from 2024 to 2030. The market’s rapid expansion can be attributed to several converging factors: Rising awareness of data protection laws such as GDPR in Europe, CCPA in the U.S., and other regional privacy regulations, which require businesses to adopt secure and compliant identity management practices. Accelerated digitalization of businesses across sectors like BFSI, healthcare, e-commerce, and retail, which has created a need for scalable, secure, and user-friendly identity verification and access management solutions. Demand for enhanced user experiences, where businesses are increasingly focused on frictionless authentication methods, personalized digital interactions, and maintaining secur...

  The global cooling fabrics market was valued at USD 1.83 billion in 2024 and is projected to reach USD 2.94 billion by 2030, growing at a CAGR of 8.3% from 2025 to 2030. This strong growth trajectory is primarily driven by the rising demand for comfortable, high-performance apparel, particularly for sportswear, outdoor clothing, and active lifestyle garments. Cooling fabrics are designed to regulate body temperature, improve moisture management, and enhance comfort, making them increasingly popular across multiple industries. A major factor fueling market expansion is growing consumer awareness about the functional benefits of cooling fabrics. These fabrics help maintain an optimal body temperature during physical activities or in hot climates by promoting efficient heat dissipation and quick moisture evaporation. The result is enhanced wearer comfort, reduced risk of overheating, and better athletic performance. In addition to consumer demand, technological advanc...

  The global congestive heart failure (CHF) treatment devices market was valued at USD 5.6 billion in 2024 and is projected to reach USD 8.2 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. This growth is primarily fueled by technological advancements in devices such as ventricular assist devices (VADs) and artificial heart pumps, which significantly improve patient survival rates, quality of life, and post-treatment recovery. With cardiovascular diseases continuing to be a leading cause of morbidity and mortality worldwide, the need for effective heart failure treatment solutions is rising steadily. The degree of innovation in the industry is currently high, with continuous improvements in device technology. Ventricular assist devices, which support heart function in patients with severe heart failure, are becoming more compact, efficient, and durable. Similarly, artificial heart pumps are evolving to be less invasive, more energy-efficient, and safer f...

  The global compression therapy market size was valued at USD 4.25 billion in 2024 and is projected to reach USD 5.34 billion by 2030, registering a CAGR of 3.8% from 2025 to 2030. This steady growth is driven by the rising prevalence of vein-related disorders, including leg ulcers, Deep Vein Thrombosis (DVT), lymphedema, varicose veins, and blood clots. These conditions are becoming increasingly common due to factors such as aging populations, sedentary lifestyles, and the growing incidence of obesity, all of which contribute to compromised venous circulation. The market is currently at a moderate growth stage, but the overall pace of expansion is accelerating. The high growth potential is fueled not only by the increasing number of chronic vein disorder cases but also by the rising volume of orthopedic surgeries and postoperative care needs, where compression therapy plays a critical role in improving blood flow, reducing swelling, and promoting faster recovery. M...

  The global electric utility vehicle (EUV) market size was estimated at USD 20.35 billion in 2024, and it is projected to reach USD 29.07 billion by 2030, registering a compound annual growth rate (CAGR) of 6.7% from 2025 to 2030. The market's growth trajectory is being primarily propelled by the increasing adoption of electric utility task vehicles (UTVs) in the agricultural sector, where they are being widely utilized for various operational tasks, including towing equipment, transporting loads, and surveying farmlands. A major reason for this shift toward electric UTVs is the economic and environmental efficiency they offer. Compared to conventional internal combustion engine vehicles that run on gasoline or diesel, electric UTVs have lower operational and maintenance costs, produce zero direct emissions, and offer quieter performance, which is particularly beneficial in rural and ecologically sensitive areas. This makes them an ideal solution for modern, sustain...

  The global electric toothbrush market size was estimated at USD 4.36 billion in 2024 and is projected to reach USD 6.82 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2030. This substantial growth is being driven primarily by the increasing awareness among consumers regarding oral hygiene and dental health, which is resulting in a strong shift toward electric toothbrushes. Today’s consumers are becoming increasingly health-conscious, especially when it comes to dental care. People are now more informed about the long-term benefits of maintaining proper oral hygiene, particularly in preventing common dental problems such as cavities, gum diseases, plaque buildup, and halitosis (bad breath). This awareness is being significantly boosted by a wide array of educational campaigns and awareness programs initiated by dental associations, public health organizations, and oral care product manufacturers. These initiatives highlight t...

  The global electric ship market was valued at USD 7.98 billion in 2022 and is projected to grow significantly, reaching a value of USD 17.91 billion by 2030. This translates to a compound annual growth rate (CAGR) of 10.9% from 2023 to 2030. The industry is currently in the introductory phase, which indicates it is still emerging with vast untapped potential for expansion over the forecast period. One of the primary drivers of this growth is the growing demand to reduce carbon emissions and limit fuel wastage. Conventional ships primarily rely on fossil fuels, which contribute significantly to environmental pollution. As a result, there is a rising interest in electric-powered marine vessels, which offer a cleaner and more sustainable alternative. These vessels help reduce harmful greenhouse gases and improve overall fuel efficiency. In addition to reducing emissions, another important factor contributing to the growth of electric ships is the effort by shipbuilder...