Techno Research

  The  North America, Europe, and Asia Pacific legal cannabis market  size is anticipated to reach USD 67.7 billion by 2026, registering a CAGR of 19.6% during the forecast period, according to a new report by Grand View Research, Inc. The increased adoption of hemp and marijuana products coupled with the rising demand for  medical marijuana  is anticipated to drive the market growth. Furthermore, the impending legalization of marijuana for adult use is an important factor supporting the growth over the forecast period.   Based on product type, marijuana dominated the market with a revenue share of USD 96.6% in 2019. The use of marijuana for medical purposes is gaining momentum owing to recent legalizations in various countries. Marijuana is used for the treatment of patients with chronic conditions such as Parkinson’s disease, cancer, arthritis, Alzheimer’s disease, neurologic problems like depression, anxiety, epilepsy, and others. Thus, wide application of marijuana for the trea

  The global  robotic prosthetic market  size is anticipated to reach USD 2.1 billion by 2027, expanding at a CAGR of 9.2%, according to a new report by Grand View Research, Inc. Increasing cases of amputation, advancements in robotic space, and a rise in the number of ulcers, diabetes, and congenital abnormalities that lead to amputation are estimated to drive growth over the forecast period. Moreover, increasing government funding and innovations in robotic space are anticipated to drive growth over the forecast period.   Based on technology used, the market is segmented into MPC Prosthetics and Myoelectrical Prosthetics. MPC technology dominated the market in 2019, and is forecasted to grow at a lucrative rate over the forecast period. Whereas, Myoelectrical prosthetics is anticipated to be the fastest-growing segment during the forecast period. The prosthetics operate on electric power, without putting any extra stress or muscle tension on the wearer. This advantage of Myoelec

  The global  feminine wipes market  size is anticipated to reach USD 2.07 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. Demand for the product is driven by rising awareness among women worldwide regarding genital hygiene. At a macro level, increasing instances of early puberty are contributing significantly to the market growth.   The novel COVID-19 pandemic has contributed significantly to the market growth, with a sizable number of consumers worldwide keeping a stock of products (feminine wipes) that could last for months. Thus, panic buying is likely to create an unprecedented demand for the product throughout 2020. Though numerous leading retail outlets shut down operations due to the COVID-19 crisis during the first half of 2020, online sales of feminine wipes continue to remain healthy, most notably in the Asian markets. Despite its rising popularity as a convenient feminine intimate care product, f

  The global  fructose market  size is expected to reach USD 6.01 billion by 2027 registering a CAGR of 4.1%, according to a new report by Grand View Research, Inc. The growing demand for low-calorie sweeteners owing to rising consumer awareness regarding the adverse effects of white sugar is likely to augment the industry growth. The global market has been witnessing steady growth with the changing consumer dietary habits and increasing cases of health issues, such as obesity and diabetes.   Furthermore, approval of several food quality control organizations across the world for the addition of fructose in processed foods is likely to have a positive impact on industry growth. Fructose contributes many useful physical and functional characteristics to foods and beverages, including sweetness, flavor enhancement, color, freezing-point depression, osmotic stability, and sometimes it also acts as a humectant. The application of fructose not only improves the texture of foods but als

  The global  aquafeed market  size is projected to reach USD 89.5 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% from 2020 to 2027. The rapidly flourishing  aquaculture  industry, along with increasing fish and fish product consumption across the globe, is one of the major factors driving the market growth over the forecast period. Primarily, fish oil and meal were used as prominent raw materials in aquafeed manufacturing. However, surging prices of these ingredients due to the scarcity of captured fish have resulted in the inclusion of other crops and grains containing equivalent nutrition levels. Rising awareness among breeders regarding the benefits of providing sufficient nutrition to fish has been one of the primary factors driving the market over the forecast period. Other ingredients such as wheat, corn, and soybean are used in the manufacturing of aquafeed. Increasing demand for these raw materials from other applicat

  The global  golf club market  size is anticipated to reach USD 4.45 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.5% from 2020 to 2027. The market is anticipated to be driven by the growing popularity of golf as a sport in various countries as well as among various classes of the population. A substantial rise in the demand for golf clubs can be attributed to increasing income levels of the middle-class population and the growing number of female golfers over the last few years.   Golf is considered to be a status symbol in several countries. As a result, a large number of people from high-income groups participate in this sport to maintain their status in society. Inclusion of golf in the Olympics and the increasing number of tournaments have been encouraging people to participate in this sport. Governments of several countries are promoting the sport by providing facilities for it. For example, after the Commonwealth Games 2010

  The global  industrial alcohol market  size is projected to reach USD 248.82 billion by 2027 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. High demand for ethyl alcohol as an industrial solvent is anticipated to drive the market over the forecast period. Due to its less intoxicating effects and lower emissions, it is widely utilized in vehicles as an alternative to petrol. Ethyl alcohol can be easily mixed with petrol and can be used as a solvent, reagent alcohol, fuel, and also as a food supplement.   The scale-up in the blending targets is driving the demand for ethanol providing unprecedented opportunities for sugar millers, and food ingredient manufacturers to include  ethanol  to their product portfolio. Regulatory changes by the governments across the globe, mandating the use of (ethanol)-gasoline blend to be used as fuel is the major driving force.  Methanol  is used extensively in the chemical industry for the processing of chemicals,

  The global  asset management market  size is expected to reach USD 1,292.17 billion by 2027, according to a new study conducted by Grand View Research, Inc. The market is anticipated to register a CAGR of 25.9% from 2020 to 2027. The factors driving the growth include the increasing need to reduce the downtime of equipment and ensure optimum utilization of the available resources. Advances in the latest technologies, such as Artificial Intelligence (AI),  Internet of Things  (IoT), and infrastructure automation, coupled with the continued integration of analytical and business intelligence tools in asset management solutions are also expected to drive the market growth. The growing awareness about the advantages of IoT-based asset management solutions particularly bodes well for the growth of the market.   The adoption of asset management solutions is rising amid the growing concerns among enterprises about the appropriate maintenance of assets and reduction in the overall opera

  The global  music streaming market  size is estimated to reach USD 76.9 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.8% from 2020 to 2027. The growing adoption of digital music services is one of the key factors driving the market. Thanks to the flexibility and ease of use offered by various music applications. The industry has witnessed a notable shift from traditional viewership to online content consumption over the last decade. This is owing to the availability of vast databases of audio and video songs across streaming platforms.   The increasing integration of technologies such as  Artificial Intelligence  (AI),  Machine Learning  (ML), and Extended Reality (ER) is expected to support the growth of the market over the forecast period. For instance, ML-integrated music platforms analyze the artists, songs, and albums a user listens to most frequently to discover what appeals to them. Based on the an

  The  U.S. industrial boilers market  size is anticipated to reach USD 1.54 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 2.8% from 2020 to 2027. Technological advancements and decreasing industrial boiler prices have led to increased adoption in the manufacturing sector driving demand.   The packaging segment is growing at a significant pace along with the market for pulp for hygiene products and tissues in the U.S. The demand for pulp in the textile  industry is anticipated to register result in steady growth in the equipment used for the pulp and paper industry, driving the demand.   Steel  has very high tensile strength along with the ability to withstand high temperatures and pressure, which makes it durable and long-lasting. Besides, maintaining and cleaning steel boilerplates is easier since they allow manufacturers to add an extra layer of protective coating, thereby increasing the durability of boilerpla

  The global  plate & frame heat exchangers market  size is projected to reach USD 5.67 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 6.9% during the forecast period. Increasing demand for heat recovery utilities in the chemical; Heating, Ventilation, and Air Conditioning (HVAC); and food and beverage sectors is anticipated to bolster the growth.   Stringent environmental regulations pertaining to greenhouse gas emissions coupled with rising concerns regarding oil price fluctuations are expected to upsurge the development in nuclear and renewable energy sectors. This, in turn, is anticipated to bolster the demand for plate and frame heat exchangers in the aforementioned sectors over the forecast period. Widespread use of brazed plate heat exchangers in various applications such as heat pumps, district heating substations, and gas-fired boilers is expected to augment the market growth. The increasing product penetra

  The  China arthroscopy market  size is expected to reach USD 485.9 million by 2027, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing incidence of sports injuries, growing prevalence of arthritis is expected to drive the market over the next few years.   In sports, such as football, basketball, and tennis, knee injuries are most common. Running injuries can result from abrupt stops, tilting, pivoting, jumping, and sharp turns. According to the MedSci-Clinician Development Platform, sports injuries account for 10% - 20% of all injuries in China and are on the rise. The current rate of sports injuries in China is almost identical to that of some developed countries, such as the U.S. Arthroscopy  is the most effective treatment for major sports injuries. It is a minimally invasive procedure that is suggested for sports injuries in cases where open surgery is not required. Arthroscopy is commonly performed to repai

  The  U.S. wound irrigation system market  size is expected to reach USD 129.86 million by 2027 registering a CAGR of 3.6%, according to a new report by Grand View Research, Inc. The rising cases of burn and chronic wounds, an increasing number of surgical procedures, technological advancements, and favorable initiatives taken by private and public sectors in the U.S. are the key driving factors for the market. Wound irrigation system allows rapid healing of deep wounds and surgical site infections.   It also allows improved wound cleansing that prevents further complications. The increasing cases of chronic wounds and the rising number of surgical procedures are projected to boost market growth. For instance, as per a report published by the ScienceDirect in 2018, the surgical infection has the highest prevalence rate of around 4.0%, followed by diabetic foot ulcers (3.4%) in the U.S. The rising number of traumatic cases and road accidents is another major factor likely to drive th

  The global   live streaming pay-per-view market  size is expected to reach USD 2.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.0% from 2020 to 2027. The rising demand for online Transactional Video-on-Demand (TVoD) propels the growth of the market. The TVoD services have notably augmented its viewers owing to the increasing number of webcasting of various sports events globally. For instance, Meerkat and Periscope are live streaming applications that host live professional boxing matches on a pay-per-view basis. The streaming app generates a significant amount of revenue from boxing events and from webcasting of events every year.   In addition, the WWE app is another virtual streaming sports platform that broadcasts live wrestling matches on a pay-per-view basis. Further, in the last few years, the webcasting of  eSports  has gained maximum traction due to high-speed internet connectivity with technical

  The global  wireless brain sensors market  size is expected to reach USD 743.3 million by 2027, expanding at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. The increasing geriatric population, technological advancements, and rising prevalence of Traumatic Brain Injuries are the key factors driving the market.   Various initiatives undertaken by public and private organizations to raise awareness regarding TBIs are anticipated to boost the market growth. For instance,  Brain Injury Awareness Month  organized in the month of March, led by the Brain Injury Association of America, provides an opportunity to raise awareness regarding the lifetime effects of TBI. It is a national public awareness campaign that emphasizes the importance of acknowledging the impact of TBIs. The theme for the 2018 to 2020 campaign was “Change Your Mind.” This campaign educates the public about the prevalence of the injury and the needs of people with TBIs and their families.