Year: 2023

The global cannabis concentrate market is on the verge of substantial growth, with revenues expected to surge from US$1.6 billion in 2022 to a projected US$2.45 billion by 2030, representing a robust Compound Annual Growth Rate (CAGR) of 6.30% between 2023 and 2030, according to the latest market analysis conducted Fairfield Market Research. Key Market Trends and Highlights: Medical Cannabis Driving Growth: The increasing prevalence of chronic conditions such as diabetes, cancer, and others is a significant driver of the cannabis concentrate market. The market is witnessing a gradual acceptance and usage of medical cannabis as more countries legalize its use for various medical purposes. Notably, the FDA has approved cannabis concentrate for treating specific medical conditions, further ...

Market Overview: Worldwide revenue from the bioinformatics market was about US$ 3.2 Billion in 2022, with the global market estimated to surge ahead at a CAGR value of 14.1% to reach a valuation of US$ 13.9 Billion by the end of 2033. As assessed by Persistence Market Research, Bioinformatics market is expected to hold a market value of US$ 13.9 Billion by 2033. Bioinformatics is an interdisciplinary field that combines biology, computer science, and information technology to analyze and interpret biological data. It involves the development and application of software tools to understand and organize biological data, particularly in genomics and other omics disciplines. Bioinformatics Market : Growth Factors Advancements in Genomic Sequencing Technologies: Continuous advancements in DN...

The global dark fiber network market is poised for remarkable growth, projecting a market size surpassing US$13 billion by 2030, with an estimated compound annual growth rate (CAGR) of 9.8% during the forecast period from 2023 to 2030. Dark fiber networks, which comprise unused optical fiber strands, are gaining prominence as organizations seek flexible, scalable, and secure network infrastructures. This trend is primarily driven by the escalating demand for high-speed and reliable data transmission. Key Market Drivers Rapid Expansion of 5G Networks: The deployment of 5G networks demands high-capacity and low-latency connectivity, making dark fiber an essential infrastructure component. Dark fibers dedicated and direct connection capabilities cater to the data-intensive demands of 5G app...

The global biostimulant market is on a trajectory for substantial growth, with projections indicating that it will increase from approximately US$2.9 billion in 2022 to nearly US$4.9 billion by the end of 2030. The market is expected to experience a robust compound annual growth rate (CAGR) of 7.8% between 2023 and 2030, according to a comprehensive market analysis conducted by [Your Company Name]. Key Trends Driving Market Expansion: Sustainable Agriculture: The biostimulant market is witnessing remarkable growth due to the increasing recognition of the importance of sustainable agriculture. Biostimulants play a crucial role in enhancing crop productivity, improving nutrient uptake, and reducing the environmental impact of conventional agricultural practices. The markets expansion alig...

The global silicone tape market is poised for substantial growth, with projections indicating an increase from approximately US$0.8 billion in 2022 to nearly US$1.096 billion by 2030. The market is expected to experience a compound annual growth rate (CAGR) of 4.6% between 2023 and 2030, according to a comprehensive market analysis conducted by [Your Company Name]. Key Trends Driving Market Expansion: Rising Demand for Self-fusing Tapes: The growing adoption of self-fusing silicone tapes across various industries is a key driver of market growth. These versatile tapes have found applications in sectors such as construction, electrical, and even in the US Military for high-temperature resistance and durability. Packaging Industry Demand: The silicone tape market is expanding significant...

The global market for post-consumer recycled plastic packaging is on the verge of significant expansion, projected to reach a staggering $82.49 billion by the year 2030 from its current value of approximately $48 billion. This remarkable growth is anticipated to be driven by a robust compound annual growth rate (CAGR) of 7% over the period from 2023 to 2030, according to a comprehensive market analysis by Fairfield Market Research. Key Trends Fueling Market Growth Sustainability and Conservation: The market is witnessing a growing emphasis on the conservation of nature, reduced costs, and sustainability. Consumers and businesses are increasingly seeking eco-friendly alternatives to traditional packaging materials. Government Regulations: Government policies and regulations at various lev...

Market Overview: The global Enteral Feeding Formula Market has been experiencing steady growth due to the increasing prevalence of chronic diseases and a growing aging population. Enteral feeding formulas, designed for individuals who cannot consume food orally, play a crucial role in providing essential nutrients. This market is driven by the rising awareness about the importance of clinical nutrition, advancements in medical technology, and the increasing incidence of malnutrition. Market Size and Growth Trends: Newly released Enteral Feeding Formula Market analysis report by Persistence Market Research shows that global sales of Enteral Feeding Formula Market in 2022 was held at US$ 6.4 Bn. With a CAGR of 7.1% during 2023 2033, the market is projected to reach a valuation of US$ 13.5 ...

The global fixed mobile convergence (FMC) market is on track for impressive growth, with a valuation projected to surge from $6.5 billion in 2022 to a staggering $17.8 billion by the end of 2030, according to a comprehensive market analysis by Fairfield Market Research. The study highlights several key trends and determinants driving this growth, as well as potential barriers and exciting opportunities within the industry. Steady Growth with a 15.5% CAGR The FMC market is expected to exhibit a robust Compound Annual Growth Rate (CAGR) of 15.5% between 2023 and 2030. This growth is fueled by several factors, including the rising adoption of FMC for operational cost savings, increasing demand for integrated services, and the quest for a unified converged communication network. Key Growth De...

Market Overview: The Clinical Trial Management System (CTMS) market is a crucial component of the healthcare industry, playing a pivotal role in the planning, tracking, and management of clinical trials. The growing emphasis on precision medicine and the rising number of clinical trials globally are driving the demand for CTMS. Market Size and Growth Trends: The CTMS market has witnessed significant growth in recent years and is expected to continue its upward trajectory. Factors such as the increasing adoption of electronic data capture (EDC) solutions, advancements in technology, and the rising number of clinical trials are contributing to the markets expansion. The Global revenue from the Clinical Trial Management System Market was approximately US$ 2.26 Billion in 2022, with the globa...

Executive Summary: The global Mobile Payment Transaction market has witnessed significant growth in recent years, driven by the increasing adoption of smartphones, advancements in mobile technology, and a shift in consumer preferences towards convenient and secure payment methods. Mobile payment transactions refer to financial transactions conducted through mobile devices, offering users a seamless and efficient way to make payments, transfer funds, and engage in various financial activities. Market Size and Growth Trends: The Mobile Payment Transaction market has experienced robust growth, with a notable increase in transaction volumes and values. The market size is expected to continue expanding, fueled by the growing popularity of mobile wallets, contactless payments, and the increasin...