Shital Thakare Profile

The Electrosurgery Devices Market is projected to reach $8.73 billion by 2030, at a CAGR of 8.1% from 2023 to 2030. Electrosurgery can be done in multidisciplinary surgical procedures, including urology, gynecology, endoscopic and laparoscopic surgeries, cardiothoracic surgery, onco-surgery, neuro & spine surgeries, ENT, ophthalmic, orthopedic, dental, maxillofacial surgery, and other general surgeries.

A hydropower plant comprises a set of facilities and electromechanical equipment used to transform water's potential energy into electrical energy. Hydropower plants are gaining popularity due to their notable benefits such as stability and reliability of electricity systems, clean and cheap energy, and an eco-friendly source of energy.

The growth in this market is majorly driven by the technological advancements in sequencing procedures, surge in genome mapping programs, and increase in drug discovery platforms demanding NGS technology. Further, the growth in personalized medicine research, growing government initiatives for large-scale genomic sequencing projects, and emergence of cloud computing as a potential data management service supports the growth of the Latin America NGS market.

In the agriculture sector, the hydroponics market registered a strong slowdown in sales during the first quarter of 2020 due to disrupted logistics and transportation. The hydroponics market has also witnessed interruptions in the complete value chain, from input materials supply to production, packaging, and distribution of the produce. The effects of the COVID-19 outbreak on the hydroponics market were noticed in early 2020 in Europe and Noth America, one of the world's largest producers and consumers of hydroponics.

LIMS tracks and stores information about a sample from when it enters a laboratory until it has undergone processing. Nowadays, it has transformed into an enterprise resource planning tool that manages multiple aspects of laboratory informatics. Advantages include streamlined workflow, improved laboratory efficiency, elimination of human errors, support in regulatory compliance, inventory tracking, and increased revenue. The LIMS market has been transformed by incorporating artificial intelligence (AI), machine learning (ML), and advancement in biostatistics.

The growing digitalization of businesses and the increasing use of digital vaults in the BFSI sector are expected to generate growth opportunities for the stakeholders in this market. However, the lack of digitalization in developing countries, the high costs of digital vaults, and the availability of alternative cybersecurity solutions are major challenges for market growth. Additionally, the growing adoption of cloud-based security solutions is a prominent trend in the digital vaults market.

Ever since its introduction in the early 1960s, newborn screening has been carried out using traditional technologies such as tandem mass spectrometry and biochemical testing, among others. These technologies are effective and reliable, however, the emergence of advanced technologies has improved the accuracy of results. Next-generation sequencing (NGS) and artificial intelligence (AI) are two of the most researched technologies in the newborn screening industry.

The Cloud Security Market is projected to reach $83.03 billion by 2029, at a CAGR of 13.1% from 2022 to 2029. The growth of the cloud security market is driven by the growing significance of cloud security solutions in the BFSI sector, the growing sophistication of cyberattacks and cyber espionage, the rising number of cloud security regulations, and the growing adoption of the BYOD trend.

The North America Microalgae Market is slated to register a CAGR of 8.2% from 2023 to 2030 to reach $871.2 Million by 2030. Spirulina's blue-green color provides bright and vivid blue and green shades, making it suitable for various confectionery and chewing gum products. The approval of phycocyanin as a natural colorant by the U.S. FDA in September 2013 has further increased its demand, particularly in North America. Phycocyanin is now widely used in various food applications, including beverages, dairy, confectionery, frosting, ice cream, dry beverage mixes, yogurt, and gelatin.

The Artificial Intelligence in Retail Market to Reach $57.8 Billion by 2030, at a CAGR of 41% from 2023 to 2030. The growth of the AI in retail market is driven by factors such as the growing awareness about AI and big data & analytics, the adoption of multichannel or omnichannel retailing strategies, and the need to enhance end-user experience and improve productivity.