Global Wound Dressings Market- Industry Trends & Forecast Report 2027

The global wound dressings market was worth USD 6.9 billion in 2020 and is further projected to reach USD 12.7 billion by 2027, growing at the CAGR of 8.7% during the forecast period. The rising number of road accidents, cases of burns and other injuries, increasing prevalence of chronic diseases, and surging surgical procedures worldwide are contributing significantly towards the growth of the wound dressing market. Furthermore, technological advancements are also driving the market forward.

Source: BlueWeave Consulting

Global Wound Dressings Market- Overview

A wound dressing is a medication or piece of equipment that is put directly to wounds, cuts, injuries, burns, and so on to help them recover and prevent additional infections. There are various types of wound dressings available in the market for different purposes and types of injuries. The primary goal of wound dressing is to keep the lesion or wound from bleeding excessively. It also helps in absorbing excess blood, plasma, or other fluids flowing out of the injury which may cause infection. According to medical specialists, a suitable wound dressing that provides appropriate moisture and oxygenation will not only help the wound heal quicker but also reduce the trauma associated with it. The key factor driving the growth of the wound dressings market is the growing expenditure on trauma injuries, as well as chronic and surgical wounds. However, among other things, the rising expense of advanced wound dressings and the rising dangers associated with wound dressing use are the key concerns that are likely to impede the market growth.

Global Wound Dressings Market Forecast and Trends

Growth Drivers

Rising Prevalence of Wounds will Drive the Market Forward

Injuries and chronic wounds such as pressure ulcers, diabetes ulcers, venous leg ulcers, and other types of wounds have risen significantly in recent years and are likely to become more common in the coming years, increasing the need for dressings. The rising prevalence of chronic diseases like diabetes and mobility disorders has led to serious chronic wounds that often go undiagnosed, especially in developing countries. With the development of more diagnostic centers, the demand for wound dressings is expected to surge during the forecast period.

Advancements in Wound Dressing Applications

The rapid expansion of wound dressing applications has made a substantial contribution to...

Global Medical Supplies Market- Industry Trends & Forecast Report 2027

The global medical supplies market was worth USD 118.3 billion in the year 2020 and is further projected to reach USD 154.0 billion by 2027, growing at the CAGR of 3.8% in the forecast period (2021-2027).  Factors driving the market include the rising prevalence of chronic diseases among all demographics worldwide increased government and private investment in healthcare development, and measures to control the spread of healthcare-associated infections (HAIs). The same factors are driving demand for medical supplies. As a result, the market is likely to expand further during the forecast period.

Source: BlueWeave Consulting

Global Medical Supplies Market- Overview

A medical device is a device or an instrument that is used for the diagnosis, treatment, and monitoring of medical conditions. Therefore, the medical device market involves the production and sales of medical equipment or devices as well as all the services related to it. Some common examples of medical devices are MRI machines, x-ray machines, CT scanners, home healthcare supplies, surgical supplies, life-saving equipment, etc. These devices are divided into three categories based on the risks they pose to the human body: Class I (no-risk), Class II (low and moderate risks), and Class III and IV (high and extremely high hazards). If the risk connected with the product or device is higher, it will require permission or supervision by a government authority, by a government entity, such as the US Food and Drug Administration in the case of the United States (FDA).

Global Medical Supplies Market Forecast and Trends

Growth Drivers

Rising Prevalence of Chronic Diseases

The rising prevalence of chronic diseases is the major factor contributing to the growth of the medical supplies market. Previously, chronic diseases were only found in the geriatric population. However, diabetes, heart and lung disease, cancer, and other diseases can now be detected in people of any age. The utilization of medical supplies in the treatment of such medical conditions is fueling the market growth. According to experts, unhealthy lifestyle and eating habits, as well as prolonged working hours, are contributing to the incidence of several chronic diseases, which are expected to rise further in the forecast period.

Technological Advancement in Medical and Healthcare Sector

The adoption and use of advanced technology have witnessed significant growth over the past few years....

The Global Technical Skills Screening Software Market- Industry Trends & Forecast Report 2027

The global technical skills screening software market was worth USD 302.2 million in 2020, registering a CAGR of 6.1% during 2017-2020. The market is further expected to reach USD 482.5 million by 2027 at a CAGR of 7.1% during the forecast period (2021-2027). The global technical skills screening software market is anticipated to grow due to the growing information technology industry, implementation of advanced technologies such as AI (Artificial Intelligence), increased emphasis on data analytics, and the need to hire best-fit candidates at a high pace. Furthermore, coding skills tests, live video interviews, and challenges to evaluate the technical skills of candidates are also driving the growth of the market.

Source: BlueWeave Consulting

Global Technical Skills Screening Software Overview

Companies generally use technical skills assessment software to assess the technical abilities of skilled employees. Organizations use technical skills testing to conduct interviews for technical roles and assess candidates' technical skills, especially coding. These pre-employment screening tools typically include a range of coding languages, evaluations of varying complexity, and the ability to objectively rank each candidate's performance. Companies use these software systems to screen out unqualified candidates early in the recruiting process and improve hiring outcomes by identifying developers who can demonstrate that they have the requisite skills. Technical interviewers know what kind of expertise, skills, and personality a potential employee should possess; thus, they'll ask a series of questions to determine whether or not the applicant is a good fit for the company and the job.

Global Technical Skills Screening Software Market Trend

Growth Drivers

An Effective Method to Find Suitable Candidates

Any company's primary aim is to gather as much information as possible about the candidate they are recruiting. The exact and real information about the candidate is not obtained from resume and other interviews. Recruiters may use technological assessments to predict job performance in real-world scenarios involving technology. Instead of depending on untrustworthy resumes, the best online technical tests and screening approach could be a better option for a more efficient hiring process.

Finding a high-level candidate who fits into the company’s culture is not an easy task. Companies receive hundreds of applications, but they rarely have time to process them all, let alone interview those applicants....

Global Payroll & HR Solutions & Services Market- Industry Trends & Forecast Report 2027

The global payroll & HR solutions & services market was worth USD 20.4 billion in 2020 and is further projected to reach USD 37.2 billion by the year 2027, growing at a CAGR of 9.1% during the forecast period (2020-2027). Additionally, the growing requirement for managing the expanded workforce, as well as the increasing need for replacing older systems with superior global payroll & HR solutions & services platforms, are expected to drive market expansion. The increased acceptance of cloud-based technologies in companies is also propelling the growth of the global payroll & HR solutions & services market.

Source: BlueWeave Consulting

Global Payroll & HR Solutions & Services Market- Overview

Payroll & HR solutions and services are transforming employees' experience by providing time-saving, data-crunching features such as real-time analytics, self-service, and mobile-friendly screens. HR payroll and software solution maintains data such as employee information, home address, social security number, financial and others. The software’s ability to provide customized solutions considering the current workforce dynamics exhibits high-growth potential. Cloud-based HR payroll services and solutions are in high demand these days since they provide more accessibility. Furthermore, a cloud-based service allows businesses to scale up their outsourced payroll systems as employees join and leave.

Global Payroll & HR Solutions & Services Market Forecast and Trends

Growth Drivers

Technological Advancements and Digitization in Organizations

The market for payroll & HR solutions & services has grown tremendously as a result of technology improvements and increased usage of the Internet of Things (IoT) and Artificial Intelligence. Service providers place more value on implementing innovative and cutting-edge technology and solutions to improve the workforce management system and boost performance. Furthermore, as cellphones are increasingly being used for general business management, a plethora of integrated mobile applications with simple user interfaces have emerged. As a result of these factors, the global payroll & HR solutions & services market is gaining significant traction. 

Rising Focus Towards Improving Employee Engagement and Efficiency

Companies nowadays focus more on improving the engagements and efficiency of their employees rather than just working. Thus, personnel management tools are extremely useful for this reason. Companies receive hundreds...

Global Interior Design Market- Industry Trends & Forecast Report 2027

The global interior design market was worth USD 145.3 billion in 2020 and is further projected to reach USD 210.0 billion by the year 2027, growing at the CAGR of 5.5% during the forecast period (2020-2027). The growth of the global economy, changes in the social environment, and improvements in the standard of life among millennials are important factors that are projected to drive the growth of the global interior design market in the coming years. The lifestyle and work choices of Millennials differ from those of earlier generations, and this is projected to have an impact on the global interior design market in the coming years.

Source: BlueWeave Consulting

Global Interior Design Market- Overview

Interior designers create functional, comfortable, and beautiful interior spaces by analyzing space requirements and selecting decorative things such as color schemes, lighting, and materials. The external areas of the place may also be included in the design. Interior design is a broad field that includes tasks, such as abstract development, space planning, site verification, programming, research, construction administration, and design execution. Furthermore, environmental protection in design is influenced by both governmental legislation and design businesses' corporate responsibility policies, to protect the public's health, safety, and welfare.

Global Interior Design Market Forecast and Trends

Growth Drivers

Increasing Construction and Real Estate Work

With the rising construction work due to government and private investments, the demand for interior design is going to escalate in the forecast period. The number of residential and commercial sites is estimated to rise significantly in the upcoming years due to urbanization which is estimated to fuel the market demand. The construction of commercial buildings like shopping complexes, co-working spaces, set-up of conglomerate’s business stores and spaces like restaurants, etc. is expected to pull significant demand for interior designing in the forecast period.

Rising Demand for Improved Interior Designing

With the rising exposure to various cultures and global trends, people are opening up to new designs and decorations in their home appearances. They are willing to spend more on improving their residential spaces and hire interior designing services to receive custom designing specifically for their home, which will make their look stand...

The Global Newborn Screening Market- Industry Trends & Forecast Report 2027

The global newborn screening market was worth USD 812.1 million in 2020. The data gathered in the study suggest that the market is further projected to reach USD 1,479.4 million by 2027, at a CAGR of 9.3% during the forecast period (2021-2027). The rising prevalence of newborn disorders, such as congenital diseases, and neonatal diseases, along with increasing healthcare budgets across the globe, are driving the market growth. The global newborn screening market is also expected to grow due to technical advancements in the field of medical science and carious diagnostic screening procedures for the early detection of disorders. Furthermore, the government and non-governmental organizations are taking up initiatives to improve mother-child care, which is doubling the number of newborn screening programs around the world. Additionally, favorable reimbursement policies in several countries are also expected to fuel the growth of the global newborn screening market in the coming years.

Source: Blue Weave Consulting

Global Newborn Screening Market Overview

Newborn screening is a process of detecting disorders/ diseases in newborn babies by using specialized devices, consumables, instruments, etc. These screening procedures help to diagnose diseases in newborns. The increasing cases of newborn diseases have been propelling the newborn screening market growth. Government support coupled with non-governmental organizations’ initiatives for mother & child care has pushed the newborn screening market growth to the optimum level. The global newborn screening market is being driven due to high concerns for the early detection of diseases/disorders in newborns.  

Global Newborn Screening Market Trend

Growth Drivers

Rising Prevalence of Newborn Disorders

The global newborn screening market is experiencing rapid growth as frequent cases of infant-related disorders are being recorded. With the rising newborn diseases, many key players have raised awareness and support for using advanced screening instruments for early diagnosis. Hearing, metabolic, and hormonal disorders and critical congenital heart diseases are a few major disorders prevalent in newborns. The early diagnosis of such diseases can help the doctors to treat them effectively. WHO (World Health Organization) in its report published in 2020 claimed that children dying within the first 28 days of birth, have suffered from diseases due to lack of quality care at the time of birth or skilled care and treatment immediately post-birth.

High Birth Rates in Emerging Market

Following the high-natality rates in some countries like India, China, Brazil, etc. the risk for newborn diseases...

The Global Fetal Monitoring Market- Industry Trends & Forecast Report 2027

The global fetal monitoring market was worth USD 3.2 billion in 2020 and is further projected to reach USD 5.3 billion by 2027, at a CAGR of 7.6% during the forecast period (2021-2027). Owing to the rising demand for monitoring of the fetus at the time of pregnancy, coupled with the increase in the hemorrhage rate and premature delivery, the market is expected to grow rapidly. Additionally, technological advancements like the development of non-invasive and portable fetal monitors have also paved the way for the growth of the global fetal monitoring market.

Global Fetal Monitoring Market Overview

A fetal monitor is a diagnostic tool that is used for monitoring the vitals of a fetus and maternal uterine environment. It monitors the prenatal of the fetus and the mother by checking uterine contractions of the mother and also by detecting neonatal diseases, vision & hearing problems, chronic lung diseases, mental retardation, etc. in the fetus. The global fetal monitoring market is booming owing to the increasing awareness regarding fetal health, the multiplying cases of cardiac abnormalities, and an increase in government programs for fetal and maternal health around the world. Furthermore, an increase in the number of post-term pregnancies, ectopic pregnancies, and premature delivery cases are some of the major reasons driving the growth of the fetal monitoring market.

Global Fetal Monitoring Market Trend

Growth Drivers

Advancements in fetal monitoring technology

Major advancements in fetal monitoring technologies have paved the way for the growth of the fetal monitoring market tremendously. The growing focus on research and technological developments of non-invasive monitoring procedures, such as Doppler studies, fetal acid-base status, cell-free fetal DNA assessment, and electronic fetal monitoring (EFM) has led to the growing adoption of fetal monitoring systems by obstetricians. Furthermore, computer-aided decision support systems and Artificial Intelligence (AI) are being adopted for fetal heart rate (FHR) or continuous cardiotocography (CTG) at the time of labor. Also, fetal monitoring is presently being streamlined for better performance during utero-fetal surgeries. Additionally, Fetal phonocardiography has been incorporated, along with enhanced data acquisition systems to enhance the proficiency of fetal data monitoring. All these technologies have led to the growth of the global fetal monitoring market.

Rising awareness regarding fetal and maternal health

The growing awareness regarding fetal health, along with pre-and post-partum...

Global Coconut Water Market Size - Industry Trends & Forecast Report 2027

The global coconut water market was worth USD 4.4 Billion in 2020 and is further projected to reach USD 13.1 Billion by 2027, at a CAGR of 15.04 % during 2021-2027 (forecast period). The global demand for coconut water is expanding due to rising consumer demand for functional, organic, and healthy beverages. Thus, increased health awareness among the people is one of the primary factors driving the growth of the coconut water market. Many vendors nowadays offer coconut water infused with natural additives such as turmeric, ginger, and fruits, to boost the nutritional value of coconut water. Furthermore, athletes and fitness fanatics favor this drink as part of their daily diet, which contributes to market growth.

 Source: BlueWeave Consulting

Global Coconut Water Market Overview:

The clear liquid found inside young coconuts is known as coconut water. Coconut water does not have an extensive calorie content like other soft drinks, and therefore, it is considered a healthy drink. It is also an excellent source of hydration and is capable of replacing electrolytes lost after aworkout. These are a few factors that make coconut water a

popular drink among health-conscious people. Coconut water has numerous health benefits; it keeps the body hydrated, can cure a variety of ailments such as diarrhea and vomiting, and keeps cholesterol levels in control, thereby reduces the risk of strokes and heart attacks. Additionally, it is good for the digestive system as well. These are also the primary factors contributing to the growth of the coconut water market. Additionally, it is worth noting that though tender coconut water can be consumed from young coconuts, the majority of coconut water sold in the USA and Europe is processed and packaged.

Global Coconut Water Market Forecast and Trends

Growth Drivers

Rising Health Consciousness

Nowadays,...

Global Automated Optical Inspection (AOI) System Market - Industry Trends & Forecast Report 2027

The global automated optical inspection (AOI) system market was worth USD 750.3 million in 2020 and is further projected to reach USD 1705.9 million by the year 2020, growing at the CAGR of 10.91% in the forecast period (2021-2027). The increasing demand for consumer electronics, a growing need for high-quality electronic components, and rising demand for higher productivity by electronics manufacturing services (EMS) companies are contributing to the growth of the AOI system market. The rising demand for advanced Printed Circuits Boards (PCB) and surface-mounted technology wants in numerous machines & devices is estimated to drive the growth of the global automated optical inspection (AOI) system market forecast period.

Source: BlueWeave Consulting

Global Automated Optical Inspection (AOI) System Market- Overview

Automated optical inspection systems are used for visual examination through a printed circuit board that scans a device with the help of an autonomous camera and tests for both quality defects and catastrophic failure. AOI can capture millions of points on the surface and these points are used to analyze the defects in the product. It is also used to detect a variety of surface feature flaws like incorrect components, open circuits, short circuits, scratches and stains, incorrectly placed components and thinning of the solder, as well as missing components. 

Global Automated Optical Inspection (AOI) System Market Forecast and Trends

Growth Drivers

Automation in Manufacturing Industry

Automation in the manufacturing industry is the primary factor contributing to the growth of the automated optical inspection system market. The application of advanced technologies like voice assistance, Bluetooth, touch screens, Wi-Fi, etc., in electronic devices requires accurate and highly efficient circuit boards for proper functioning, which can be ensured through the use of AOI systems. Furthermore, the demand for the AOI systems is flourishing for ensuring consumer safety. For instance, when the batteries of Samsung mobile phones were exploding, it was found out that it was due to the tiny crack in the batteries, which was invisible to the naked eye. To ensure these kinds of incidents do not repeat themselves, the manufacturers of electronic products are increasingly adopting the AOI systems.

Regulations Laid out by Designated Institutions

The Institute of Printed Circuits (IPC) has laid out certain rules and...

Global Candy Market- Industry Trends & Forecast Report 2027

The global candy market was worth USD 209.8 billion in 2020. According to the study, the market is expected to grow at the CAGR of 4.2% during 2021-2027 (forecast period), earning revenue of around USD 278.9 billion by the end of 2027. Some factors contributing to the growth of the market are the growing demand for candies globally, the growth in product innovations, the rise in demand for chocolates globally, the rise in product developments, the rise in demand from the young age demographic, the increasing demand for sugar-free, low-calorie candies, and the emergence of new product offerings. Aside from that, the market is also facing a number of challenges, including increasing government restrictions, shifting customer tastes, and health concerns, all of which could impede the growth of the global candy market.

Source: BlueWeave Consulting

Global Candy Market Overview

Candies, popularly known as lollies, are usually made from sugar, which is a key ingredient in the production of candies. These come in a variety of forms, sizes, and colors. Colors and flavors are typically applied to candies to give them a distinct color and taste. Jellies, toffies, gummies are some of the examples of candies that are in high demand during festive seasons. Candy consumption spikes during celebrations such as Halloween, Christmas, Easter, and New Year. Aside from that, candies are becoming increasingly popular as gifts these days. Confectionaries and candies are often used interchangeably.

Global Candy Market Forecast and Trends

Growth Drivers

Increasing Disposable Income will Fuel the Market

With the rise in the living standards of middle-class consumers, emerging markets have observed categories like candies to report huge spending of disposable income. The demand for candies has always been strong during the time of festivities in developed countries, but due to improved lifestyles, even developing countries have seen exponential growth in consumerism. Furthermore, the modernization of the e-commerce industry and websites is also aiding the growth of the global candy market. Customers' increasing spending power is another important factor driving the global candy market forward.

Innovation in Products

Due to the changing preferences of the population, the candy market always hustles to bring new flavors and textures that can satisfy consumer’s taste buds. For instance, in December 2020, Jelly Belly, a...