trending research reports

The global  contact lenses market  size is expected to reach USD 19.26 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to exhibit a CAGR of 5.0% from 2020 to 2027. The use of innovative materials for manufacturing contact lenses and increasing adoption of contact lenses are prominent factors boosting the growth of the market. The rising consumer consciousness regarding physical appearance and vision correction advantages of the product are projected to drive the market growth. Rising demand from the aging population is also expected to drive the product demand. Factors such as rising disposable income and improvement in the overall global economy are anticipated to further propel the growth. Contact lens manufacturers are the source for wholesale distributors as well as retail distributors. Manufacturers distribute their contact lenses through a variety of channels. Significant growth of the market can be attributed to fa...

The global  kidney function tests market  size is expected to reach USD 1.25 billion by 2028 registering a CAGR of 6.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The introduction of innovative products, increasing R&D investments, and growing prevalence of kidney diseases are expected to propel market growth over the forecast period. Key players operating in the market are involved in extensive R&D initiatives for the development and launch of novel products to strengthen their position in the market. For instance, in August 2020, RenalytixAI, a U.K.-based in vitro diagnostics company, submitted a 510(k) application to the FDA for its new KidneyIntelX assay. It is an Artificial Intelligence (AI)-enabled clinical diagnostic test designed to diagnose and enhance the clinical management of Type II diabetes patients with fast-progressing kidney disease. The emergence of such technologically advanced products is expected to impe...

The global  machine tools market  size is expected to reach USD 104.86 billion by 2027, according to a new study conducted by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. The growing demand for high-speed and efficient machining, particularly from the incumbents of the automotive and aerospace and defense industries bodes well for the growth of the market. Continued advances in manufacturing and processing technologies are also encouraging manufacturing companies to invest in the latest, advanced manufacturing techniques, thereby driving the growth. The rising demand for machine tools equipped with smart controls to facilitate unmanned operations, particularly from the metal processing industry, would play a crucial role in driving market growth. The growing demand for multi-axis systems is anticipated to emerge as a key trend over the forecast period. Multi-axis systems provide the capability to manufacture extremely complex parts requi...