The global bone cement market is growing proficiently, expected to grow at a CAGR of 6.3%. Bone cement is essentially used for widely used for implant fixation in various orthopaedic and trauma surgery. Globally, the growing prevalence for osteoporosis, increasing implantation procedures, spinal, hip and knee surgical procedures (mainly arthroplasty) among the geriatric population will drive the overall market growth.
Globally, the blow fill seal equipment market is expected to rise with a CAGR of 6.2% during the forecast period, from US$300.1 Mn in 2018. The growth of this market is driven by the increasing demand for the blow fill seal technology across the pharmaceuticals companies across the globe. The pharmaceutical companies are leveraging this technology for the packaging and storage of medicines. The high aseptic packaging nature of the technology along with the high speed of the operation makes it a suitable option for the pharmaceuticals packaging.
The global blood dialyzer market is increasing proficiently, expected to grow at a CAGR of 7.0%. Worldwide, the increasing prevalence of chronic or acute kidney failure and other kidney-related disorders along with hemodialysis (procedure for removal of waste from the blood) procedures will drive the overall growth of the market. Growing awareness about new synthetic membrane technology to overcome the limitations by traditional procedures along with the launch of advanced products with compatible solutions will increase the overall demand in the near future.
The blood and bone marrow cancer treatment market is set to reach from US$ 38.8 Bn in 2018 to US$ 74.9 Bn by 2027 at a compound annual growth rate (CAGR) of 7.7% during the forecast period from 2019 to 2027. As per the research findings brought forward by Janssen Pharmaceutica N.V. approximately 900,000 people throughout the globe are diagnosed with blood cancer annually, it holds a share of 7% of all types of known cancer.
The global blockchain IoT market value surged from US$ 37.4 Mn in the year 2018 to US$ 9,070.4 Mn in 2027, with a CAGR of 60.6% during the forecast from 2019 to 2027. Increasing deployment of Internet of Things (IoT) devices worldwide has triggered a sense of data security. Traditional architecture of client-server is vulnerable to security breach due to single-point security intelligence. On the other hand, blockchain distributed ledger technology provides distributed and decentralized security system that is hard to break.
The global bioresorbable vascular scaffold market is growing proficiently, expected to grow at a CAGR of 10.3%. Worldwide, the increasing prevalence of coronary heart-related disorders and other cardiovascular disorders will drive the growth of the market. Increasing awareness about new bioabsorbable technology to overcome the limitations by permanent metallic endoprosthesis along with the launch of advanced cardiac stents with integrated solutions will boost the overall demand in the developed nations.
The global bio-engineered stent market is growing proficiently, expected to grow at a CAGR of 7.1%. Globally, growing prevalence for coronary heart diseases and other hear related disorders will drive the market growth. Growing awareness about new medical technology along with the launch of advanced bio-engineered cardiac stents or coronary stents with integrated biological solutions and enhanced biomaterials are factors driving the overall growth of bio-engineered stent market on a global scale.
The global beer cans market accounted for US$ XX Bn in 2018 and is anticipated to grow to US$ XX Bn growing at a CAGR of 3.5% during the forecast period from 2019 to 2027. Increasing consumption of craft beer across various regions coupled with recreational and environmental benefits are major factors driving the beer cans market growth. Customers are inclined towards craft beer brewed by both small and large breweries.
The bed monitoring system & baby monitoring system market worldwide is expected to grow with a CAGR of 8.5% during the forecast period from 2019 to 2027. Bed monitoring system & baby monitoring system market worldwide is observing a robust growth and stood at USD 1.19 Bn in 2018. Owing to increase in investments in healthcare infrastructural development, rising elderly population, rising adoption of unobtrusive monitoring solutions, and increasing online availability the demand for bed monitoring system & baby monitoring system shall grow.
The beauty devices market is expected to grow at a CAGR of 18.8% during the forecast period from 2019 to 2027, starting from US$ 36.74 Bn in 2018. Consumers are nowadays are becoming more inclined towards using personalized beauty cosmetic range and connected beauty products are new trends in the cosmetics and wellness industries.
The ball bonder machine market worldwide is projected to grow with a CAGR of 4.04% over the forecast period from 2019 to 2027, starting from US$ 942.01 Mn in 2018 .With the beginning of the new packaging technology such as TSV packaging and MEMs packaging has transformed the overall manufacturing landscape of semiconductor industry. Therefore, the equipment manufacturing companies have to carry out significant investment for the purpose of ensuring they make devices of the latest technologies.
The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027. The projected growth of the autonomous vehicle market worldwide is bolstered by a combination of factors including continually growing adoption of Artificial Intelligence (AI), rising adoption of Internet of Things (IoT) in connected mobility, and development of state of the art infrastructure. These vehicles integrates software and sensors to operate and navigate the vehicle, which includes technologies such as light detection & ranging (LiDAR), and RADAR sensing.
Autonomous underwater vehicle (AUV) is a vehicle which is operated under water and does not require any human efforts for its operation. It has a capability to function according to the preprogramed instructions which are imbibed within. Autonomous under water vehicles are mainly used to map the seafloors, examine physical and biological properties of water, detecting the lost ship, pipeline inspection or for navy purposes.
Globally, the autonomous trucks market is expected to grow with a CAGR of more than 9.5% during the forecast period from 2019 to 2027, starting from US$3.5 Bn in 2018. In recent years, the consumer's interest in the self-driving vehicle is rising rapidly all over the world. The automated mobility gaining its popularity among commercial vehicles. The growing demand for autonomous trucks to reduce the cost and improve safety is the primary factor that drives the growth of autonomous trucks market.
Growing demand for forklift trucks in various industries such as logistics, construction, infrastructural development, warehouse, and others will drive the demand for autonomous forklift trucks in the near future. Development of technologically advanced product for increasing the efficiency of material handling equipment will boost the market demand. For instance, in April 2019, Hyundai Heavy Industries introduced its new autonomous forklift truck.
The automotive windshield washer system market is poised to touch US$ 26.30 Bn by 2027, growing at a CAGR of 5.1% during an estimated timeframe from 2019 to 2027 on a global scale. Rising automotive industry worldwide coupled with introduction of various windshield maintenance products is the prime factors driving the market growth. Windshield washer is among the integral components of any automotive vehicle irrespective of its price range.
The global automotive timing belt market is increasing significantly, anticipated to grow at a CAGR of 5.9% during the estimated period from 2019 to 2027, starting from US$ 6.78 Bn in 2018. The global automotive timing belt market is majorly driven by the increasing manufacturers focus on improved fuel economy and engine efficiency across the globe. The increased use of thermally-stable materials for the manufacturing of timing belts coupled with increased aftermarket are some major factors driving the market growth over the forecast period.
The global automotive rear lights market is poised to reach US$ 7.79 Bn by 2027, expanding at a CAGR of 4.7% during the forecast period from 2019 to 2027. Digitalization in the automotive industry has taken production to the fast lane. Increasing automotive production worldwide has therefore created huge demand for related components including rear lights. Most of the automobile manufacturing companies are implementing innovative and advanced technologies in vehicle lighting systems in a bid to develop energy efficient solutions.
The automotive radiators market worldwide is expected to grow with a CAGR of 4.53% during the forecast period from 2019 to 2027, starting from US$ 9.23 Bn in 2018. A radiator is a component used for cooling the internal combustion engine across different categories such as automobiles, locomotives, aircrafts and motorcycles. The benefit of using a radiator is to protect the engine from overheating, which can damage the overall engine.
The global automotive pillar market is growing competently, expected to grow at a CAGR of 7.0% during the estimated period from 2019 to 2027, starting from US$ 4.49 Bn in 2018. The markets are radically varying, owing to the accelerated rise of new technologies, development in emerging markets, sustainability policies, and changing consumer preferences around ownership.