Business Market Insights

The  Diagnostic Imaging Market in North America  is expected to grow from US$ 15,802.91 million in 2021 to US$ 19,287.90 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. North America Diagnostic Imaging Market Overview According to the Centers for Disease Control and Prevention (CDC), six in ten Americans live with at least one chronic disease, such as heart disease, stroke, cancer, or diabetes. Chronic diseases are the leading causes of death and disability in North America and contribute significantly to healthcare costs, with the CDC reporting that they accounted for nearly $4.1 trillion in annual healthcare expenses in the U.S. in 2020. Diagnostic imaging plays a crucial role in managing chronic conditions, particularly among the geriatric population, which is more vulnerable to these diseases. A report by JMIR Publications indicates that the global population aged over 60 is expected to reach 2 billion by 2050. As the prevalence of aging and c...

The  North America Probiotic Ingredients Market  is expected to grow from US$ 1,090.05 million in 2022 to US$ 1,723.00 by 2028; it is estimated to grow at a CAGR of 7.9% from 2022 to 2028. North America Probiotic Ingredients Market Overview Food and beverage manufacturers are increasingly fortifying their products with nutritional additives such as probiotics, fibers, vitamins, and minerals to enhance health benefits. The primary objective behind incorporating these additives is to improve the nutritional value of food products. In North America, the growing demand for probiotic-fortified foods is driven by their promising health benefits and the active involvement of international bodies in research and development approvals. Functional ingredients like probiotics are widely used in yogurt to support intestinal microflora, contributing to overall digestive health. This trend is expected to propel market growth in the coming years. Probiotic-enriched foods include yogurt, snac...

The  North America Bottled Water Market  is expected to grow from US$ 72.02 billion by 2022 to US$ 104.12 billion by 2028. It is estimated to grow at a CAGR of 6.3% from 2022 to 2028. The Growing Influence of Health Trends on the Soft Drinks Industry Health has become a key factor in consumers' beverage choices, significantly shaping the soft drinks industry. Increasing health concerns have led consumers to seek healthier alternatives to traditional carbonated soft drinks, resulting in a noticeable shift toward bottled water. This trend is primarily driven by a preference for low-sugar, natural beverages over high-sugar, artificial options. Carbonated soft drinks, in particular, have faced criticism for their high sugar content, fueling the rising demand for healthier alternatives like bottled water. Beyond sugar concerns, carbonated water has also been linked to issues such as digestive discomfort, weight gain, and heartburn. One of the biggest challenges for the soft drinks ...

The  North America Patient Engagement Technology Market  is expected to grow from US$ 8,885.56 million in 2022 to US$ 24,698.74 million by 2028; it is estimated to grow at a CAGR of 18.6% from 2022 to 2028. North America Patient Engagement Technology Market Overview Patient engagement encompasses all methods that enable healthcare organizations to communicate effectively with patients, including online patient portals and automated messaging systems. This engagement is crucial for ensuring patient satisfaction, enhancing service quality, and improving safety. The integration of wireless technologies in hospitals has further streamlined personalized data management for both patients and healthcare providers. A notable example is the Enhanced Recovery After Surgery (ERAS) program, implemented in 2021 at University Hospitals (UH). This innovative patient engagement initiative led to significant improvements, such as shorter hospital stays, reduced opioid use, fewer post...

The  Gummy Supplements Market in North America  is expected to grow from US$ 3,267.08 million in 2021 to US$ 5,476.50 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2021 to 2028.   Growth of the North America Gummy Supplements Market Driven by Preventive Health Trends The rising consumer preference for preventive health measures is a key driver of growth in the North America gummy supplements market. Increasing awareness of health and fitness, coupled with the rising prevalence of chronic diseases such as cancer, cardiovascular disorders, diabetes, high blood pressure, obesity, and high cholesterol, has significantly influenced consumer behavior. Over the past few years, more people have become proactive about maintaining their health and physique, fueling the global demand for dietary supplements. As fitness and overall well-being gain prominence across various age groups and demographics, the consumption of dietary supplements has surged. Gummy sup...

The  North America Radiation-Hardened Electronics Market  is expected to grow from US$ 709.13 million in 2021 to US$ 931.19 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028 Growth of the North America Radiation-Hardened Electronics Market Investment in space programs has surged across both developed and developing nations, driven by government initiatives and significant funding for satellite development. These satellites serve multiple purposes, from advancing space research to providing space-based internet services and navigation. The rapid expansion of satellite production is evident, with SpaceX manufacturing approximately 120 Starlink broadband satellites per month since August 2020. SpaceX aims to create an interconnected network of around 12,000 satellites, delivering high-speed internet worldwide. This rise in satellite deployment has fueled demand for radiation-hardened electronics, which are essential for protecting spacecraft from solar ...

The  North America mHealth Market  is expected to reach US$ 116,838.82 million by 2028 from US$ 19,927.92 million in 2021. The market is estimated to grow at a CAGR of 28.7% from 2021 to 2028. The Role of Smartphones in mHealth and Chronic Disease Management Smartphones have emerged as powerful tools for transforming health-related behaviors and managing chronic conditions. By facilitating the collection of health data and delivering essential healthcare services, smartphones have made healthcare practices more efficient and accessible. Mobile health (mHealth) technology, in particular, plays a vital role in supporting treatment, disease surveillance, and chronic disease management. With a vast array of applications and easy accessibility, mHealth solutions are widely adopted by individuals seeking to improve their health and well-being. Moreover, mHealth applications create new opportunities for product innovation and technological advancements in managing chronic conditions....

The  North America Synthetic Biology Market  is expected to grow from US$ 4,313.62 million in 2021 to US$ 15,223.61 million by 2028; it is estimated to grow at a CAGR of 19.7% from 2021 to 2028. North America Synthetic Biology Market : A Growing Market with Expanding Applications North America Synthetic Biology Market is an emerging field with diverse applications across industries such as chemicals, agriculture, pharmaceuticals, and energy. Numerous start-ups are driving innovation in this space by offering gene synthesis products and services that enhance biological processes. Notable players include Benchling, which provides CAD tools; GenScript, specializing in gene synthesis; Ginkgo Bioworks, which focuses on organism engineering; Transcriptis, offering bioinformatics solutions for cloud labs and automation; and Glowee, which develops consumer-oriented biological products. Despite the challenges posed by the COVID-19 pandemic, the bioeconomy saw rapid growth in early 2020...

The  North America Battery Material Market  is expected to grow from US$ 5,620.44 million in 2021 to US$ 9,366.00 million by 2028; it is expected to grow at a CAGR of 7.7% from 2022 to 2028. The Rise of Electric Vehicles and the North America Battery Material Market Electric vehicles (EVs) are playing a pivotal role in enhancing energy security, reducing reliance on crude oil, improving air quality, and lowering greenhouse gas emissions. As a result, EVs are emerging as the preferred clean mobility solution, particularly in response to pollution from industrial and automotive sectors. With continuous advancements in battery and charging technologies, EVs are becoming more cost-effective. Declining battery prices, expanding charging infrastructure, and the localization of supply chains are key factors fueling the growing demand for EVs. North America Battery Material Market Overview The North America battery material market is witnessing significant growth, driven by the increa...