Market insights

The market for Digital Scent Technology is forecast to reach $30.3 million by 2026, growing at a CAGR of 12.2% from 2021 to 2026. The Digital Scent Technology Market is estimated to witness a sustainable growth over the forecast period majorly because of the growing technology in developing sense of smell in online communication. Currently, only three of senses which are hearing, touching and sense of sight are implicated in online communication. Digital smell is one of the concepts of virtual reality. The digital scent is generally is a combination of hardware and software technology. The role of hardware such as e-nose, Scent Synthesizer, Catridge and Scentograph is to produce the scent and that of software is to evaluate the scent equation and generate distinct signals for distinct smells. Lastly, the device produces that smell. With the digital scent technology, one can sense, transmit, reproduce and recapture smell, fragrance and flavors digitally on the internet. The smelling fea...

AGV Software Market is forecast to reach $2.6 billion by 2026, growing at a CAGR of 14.2% from 2021 to 2026. The AGV Software Market is estimated to witness sustainable growth over the forecast period majorly because Automated Guided Vehicles (AGVs) are widely utilized for transporting materials around the warehouse or the factories which is needed to be monitored and controlled at regular intervals. To achieve these monitoring and controlling requirements, AGV Software is used. It is primarily divided into three types, namely, Fleet Management software, Navigation software and Mapping software which are either in-built in AGVs or constitute integrated software along with warehouse management systems. With the growing demand for automation and Industrial Internet of Things (IIoT) across various industries and rising adoption of on-cloud warehouse management system solutions, the global AGV Software Market is rising at a rapid pace over the next few years. However, high initial costs as...

Medical Ultrasonic Baths Market size is estimated to reach $2,200 million by 2026, growing at a CAGR of 6.5% over 2021-2026. Medical ultrasonic baths is used to clean surgical instruments that are placed in cleansing solution which is agitated through 20 to 40 Hz of ultrasonic waves. Piezo ceramic transducer are implemented in various mechanical operations, such as in medical engineering, welding, and flow and level measurement and are mostly used in ultrasonic sensor and power applications. Cavitation erosion occurs after the cleaning process is done in ultrasonic cleaner and also damages the water tank of the ultrasonic cleaner. Medical ultrasonic baths are also used to clean medical implants in order to decrease the chance of rejection of the implant. Increasing surgical procedure among people and growing awareness about the hygiene in workplace is the major factor driving the growth of this market. Furthermore, increasing research and development activities in medical industry and...

Radiation Therapy & Diagnostic Imaging Equipment Market size is anticipated to reach $13,430 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The radiation therapy & diagnostic imaging equipment industry growth rate is attributed to the rise in incidence of diseases, such as cancer and other chronic ailments requiring radiation therapy across the globe and is anticipated to bring new opportunities. Radiation therapy uses high energy rays to kill dysfunctional cells, such as cancer cells, and arrest the growth and division of these cells. Radiations are created from a computer (external radiation) such as Linear Accelerators (LINAC) or from a small container of radioactive material. Diagnostic imaging equipment uses electromagnetic radiation to create images of the human body's internal structures for accurate diagnosis using computed tomography (CT) scanners, magnetic resonance imaging (MRI) systems. Apart from this, the industry ...

Ophthalmic Viscoelastic Devices Market size is estimated at $2.6 billion in 2020, projected to grow at a CAGR of 4.3% during the forecast period 2021-2026. Ophthalmic viscoelastic devices (OVDs) are considered a common method in ophthalmic surgery. These devices help to protect the fragile ocular structures by creating pressure in the anterior chamber, compartmentalizing within the eye, and allowing patients to have a quicker and safer surgery with a faster recovery. Depending on the situation, ophthalmologists use a variety of ophthalmic instruments . OVDs have a lot of attention in the last decade owing to its properties and benefits. The most popular OVD substance is sodium hyaluronate. OVD has a significant impact on ophthalmic procedures, eye ailments, ophthalmic instruments anterior chamber, especially cataract surgery and intraocular lens implantation. OVD has been shown in several studies to improve the success rate of surgeries. The growing number of cataract and glaucoma sur...

  Emotion Detection and Recognition  Market size was valued at $18.67 billion in 2020 and it is estimated to grow at a CAGR of 10.43% during 2021-2026.  Emotion detection and recognition technology is used for reading the sentiments of a human by utilizing various sophisticated technologies. The growth of the emotional detection and recognition market is mainly attributed to the increasing demand for different types of software. Such software includes bio sensing, speech and voice recognition, facial expression recognition, gesture and posture recognition, which are being used for analyzing the emotional states. In addition, high penetration of advanced technologies such as IoT, AI, ML, sentiment analysis, deep learning,  biosensors technology, pattern recognition, natural language processing (NLP), feature extraction and 3d modeling  and others; plays a major role in the growth of the emotion detection and recognition market. Furthermore, increasing usage ...