Market insights

Silicon Carbide Power Semiconductors Market is forecast to reach $2.6 billion by 2026, growing at a CAGR 27.1% from 2021 to 2026. Silicon carbide is a semiconductor formed by a combination of silicon and carbon. It has a hardness level that is roughly equal to that of a diamond, which allows SiC semiconductors to work under intense conditions. SiC (silicon carbide) is used for high-powered applications due to the wide bandgap semiconductor provided. Semiconductors also use SiC for reduced energy losses and longer life solar and wind power converters. Photovoltaic energy mainly requires high power, low-loss, faster switching and reliable semiconductor devices to improve performance, power density and reliability. SiC devices such as Insulated gate bipolar transistors(IGBTs), MOSFETs provide a promising solution to photovoltaic energy requirements through chemical vapor deposition in order to meet the rising demand for energy. Growing number of modern applications requiring SiC power sup...

Cancer IVD Market size was valued at $17,728 million in 2020 and is anticipated to reach $22,430 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The surgical electrical stapler’s industry growth rate is attributed to the rising incidences of chronic lifestyle diseases across the globe and is anticipated to bring new opportunities. Cancer In vitro diagnostics (IVD) are medical devices, which require the use of assays and reagents to diagnose a medical condition. Moreover, these instruments analyze body fluids and tissue samples that are collected from a patient. In addition, there are a variety of in vitro diagnostic instruments that work with various techniques such as immunodiagnostics, tissue diagnostics, hematology, and molecular diagnostics. Surgical staplers are instruments used to aid in the physical modification of biological tissue or the rapid recovery of internal and external body tissues. Furthermore, developments in genomics and p...

Endovascular abdominal aortic aneurysm repair devices market size was valued at $829 million in 2020, and is anticipated to reach $1,098 million by the end of 2026 growing at a CAGR of 8.2% during the forecast period 2021-2026. The endovascular abdominal aortic aneurysm repair devices industry growth rate is attributed to the constant increase in the incidence rate of occurrences of cardiovascular diseases (CVDS) globally which is the crucial aspect of the rise in the market revenue of endovascular aneurysm repair devices. The increasing adoption of minimally invasive surgical procedures is also anticipated bringing new opportunities. Endovascular aneurysm repair (EVAR) is a technique for repairing aneurysms that uses an endovascular stent graft to seal the weak spot. Abdominal aortic aneurysm repair devices, also known as endovascular stent grafts, are devices used to repair abdominal aortic aneurysms. Apart from this, globally, the physicians are preferring endovascular repair of ab...

The Male Infertility Market size was estimated at $3.18 billion in 2020, projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. Male infertility is a condition that is characterized by the failure of a man's reproductive system to achieve a pregnancy after a period of 12 months or more of unprotected sexual activity. Millions of people of reproductive age around the world are affected by infertility, which also has an impact on their families and societies. Infertility affects 48 million couples and 186 million people worldwide, according to WHO estimates. Infertility in men is most often caused by problems with sperm ejection, sperm absence or low amounts, or sperm that have abnormal morphology and movement (motility). Assisted Reproductive Technologies address a broad range of infertility therapies that provide options for males with issues like low sperm count, poor sperm content, and poor motility. Furthermore, as opposed to drugs, Assisted Reproductive Tech...

Non-Invasive Prenatal Testing Market size is estimated to reach $9.8 billion by 2026, growing at a CAGR of 13.1% during the forecast period 2021-2026. Prenatal testing is a procedure of determining the risk of whether the fetus of the mother will be born with any genetic abnormalities. This method also analyzes fragments of Deoxyribonucleic acid (DNA) that are circulating in pregnant blood. This non-invasive prenatal testing has grown out of a desire to avoid direct contact with the fetus. The rise in the adoption of cell-free DNA screening for predicting the risk of genetic conditions, growing adoption of ultrasound detection methods in hospitals, increase in the risk of chromosomal abnormalities with rising maternal age, and growing demand for chorionic villus sampling and amniocentesis in diagnostic laboratories are the factors that are set to drive the growth of the Non-Invasive Prenatal Testing Market for the period 2021-2026. Report Coverage The report: “Non-Invasive Prenatal Te...

Piezoelectric Smart Materials Market size is forecast to reach $9.6 billion by 2026, after growing at a CAGR of 5.3% during 2021-2026. Globally, the increasing R&D investments by research universities & companies for advanced Piezo solutions for piezoelectric smart materials in aerospace & defense applications, energy harvesting, and other major applications, is driving the market development. As piezoelectric smart materials undergoes mechanical stress, it produces an electric charge through its surface due to the asymmetry of its crystalline structure, thus, due to which it is increasingly used in the electromechanical transducers, actuators, and sensor applications. Furthermore, the rise in demand for piezoelectric sensors for the measurement of fluid compositions, fluid density, fluid viscosity, or the force of an impact is projected to bring new opportunities to the piezoelectric smart materials industry to expand during the predicted period. Impact of Covid-19 The CO...

Digital Textile Printing Inks Market size is forecast to reach $2.5 billion by 2026, after growing at a CAGR of 12.3% during the forecast period 2021-2026. Instead of the technologies used in latex or UV printing, digital textile printing inks give the durability and high-quality look and sheen, and due to this, the digital textile printing inks market is witnessing an increase in demand. In digital textile printing, direct disperse (using disperse ink) & reactive dye (using reactive ink) printers are the most popular inks or techniques of digital printing. When a reactive dye printer wants to change to printing with direct disperse dye ink, there are only a few things that change. The growing public demand for digital textile printing will enhance the overall market growth for the digital textile printings inks industry during the forecast period. Impact of COVID-19 The rapid spread of coronavirus has had a major impact on global markets as major economies of the world were in co...

  Nickel base alloy market size is forecast to reach $5,114.6 million by 2026, after growing at a CAGR of 2.6% during 2021-2026, owing to the increasing usage of nickel base alloy in various end-use industries such as automotive, aerospace, oil & gas, power plants, electronics, and more. Nickel base alloys have excellent characteristics such as corrosion resistant, strength, toughness, metallurgical stability, high-temperature strength, fabricability, weldability, and these properties are expected to increase the market demand for electronic alloys.  The rapid growth of the oil & gas industry has increased the demand for nickel base superalloy, nickel base corrosion-resistant alloy, and nickel base shape memory alloy; thereby, fueling the market growth. Furthermore, the flourishing aerospace & defense industry is also expected to drive the nickel base alloy industry substantially during the forecast period. COVID-19 Impact Due to the Covid-19 outbreak, the nickel ...