ReleaseWire Connect

The major factors propelling the growth of the global low strength proppants market are the increasing exploration and production (E&P) activities in the North American nations and the soaring technological advancements being made in the crude oil recovery process. Due to these factors, the market is predicted to advance at a CAGR of 9.8% from 2020 to 2030 and generate a revenue of $5,294.8 million by 2030. Low strength proppants are extensively used in oil and gas E&P activities as they have the ability to drastically increase the flow of oil and gas.

According to a study conducted by P&S Intelligence, the global enterprise asset management (EAM) market is expected to generate a revenue of $25.9 billion by 2030, rising from $5.5 billion in 2019, and is predicted to witness a 17.0% CAGR during 2020–2030. The market is growing due to the surging need for reducing operational expenses in companies.

Introduction of Technologically Advanced Products Is Strongest Strategic Measure Taken by Players in Market

According to a P&S Intelligence report, the global gene therapy market attained a revenue of $3,407.5 million in 2019 and is predicted to exhibit a 31.1% CAGR during the forecast period (2020–2030). The market is being driven by the rising research & development (R&D), increasing number of clinical trials that have shown positive results, and growing prevalence of chronic diseases. In terms of vector type, the market is divided into non-viral, viral, and other.

According to a report by P&S Intelligence, the global radiotherapy market is projected to attain a revenue of $17,194.4 million by 2030, advancing at an 8.4% CAGR during 2020–2030. A major factor leading to the growth of the market is the increasing healthcare expenditure around the world. A number of developing and developed countries are significantly investing in the industry for upgrading their healthcare systems.

As per a report by P&S Intelligence, the global acetic anhydride market is expected to attain a revenue of $4,950.4 million by 2030, ad is predicted to progress at a 2.3% CAGR during the time period 2020–2030. The market is being driven by the swift expansion of the pharmaceutical industry in Asia-Pacific (APAC) and rising investments by drug manufacturers for developing new application of acetic anhydride. The compound is increasingly utilized as a synthesizer for producing aspirin and acetaminophen.

The global healthcare insurance market is projected to contribute a revenue of $2.2 trillion by 2024, witnessing a CAGR of 4.3% during the forecast period (2019–2024), according to P&S Intelligence. Increasing prevalence of chronic diseases, rising geriatric population, growing GDP and healthcare expenditure, and high medical costs are driving the progress of the sector. Healthcare insurance is a kind of insurance that covers surgical and medical expenses, which is directly paid to healthcare providers for the treatment of an insured individual. The policy holder can pay the premium monthly or annually on their discretion.

The global wound dressing market was valued at $11.4 billion in 2017 and is predicted to advance at a CAGR of 7.2% during the forecast period (2018–2023). The factors driving the market are increasing number of road accidents, burn cases, surgeries, incedents of chronic wounds, such as pressure ulcers and venous ulcers and diabetic foot ulcers, and growing prevalence of diabetes. Wound dressings are used to hasten the process of wound healing by allowing the exchange of gases, absorbing exudates, offering thermal insulation, and preventing entry of infection-causing agents.

The progress of the commercial satellite imaging market is being driven by the increasing demand for location-based services (LSB), use of satellite images by various sectors, and advancements in satellite imaging technology. As per P&S Intelligence, the domain generated a revenue of $2,411.8 million in 2017, and it is expected to advance during the forecast period 2018–2023 at a CAGR of 14.2%. It is also being predicted that by 2023, the market value would grow to $5,266.5 million.

Global adhesion barrier market is forecasted to generate revenue of $833.1 million by 2023 by P&S Intelligence.