health – Market Industry Forecast News

Outdoor Power Equipment Market Supported by Growth in Commercial Projects

The global outdoor power equipment market was estimated at USD 53.42 billion in 2024 and is projected to reach USD 76.61 billion by 2030, registering a compound annual growth rate (CAGR) of 6.3% during 2025–2030. This growth is primarily driven by rising demand for cordless outdoor power tools, as users increasingly seek enhanced flexibility and portability.

Key Market Trends & Insights

Regional leadership: North America generated the highest revenue in 2024
Fastest growing region: Asia Pacific is expected to emerge as the fastest-growing regional market from 2025 through 2030
Dominant equipment type: Lawn mowers held the largest market share by equipment category, accounting for 40.99% in 2024
Growth through end use: Commercial segment usage is expected to grow significantly over the forecast period

Market Size & Forecast

Market size: USD 53.42 billion in 2024
Forecasted size: USD 76.61 billion by 2030
Forecast period CAGR: 6.3% from 2025 to 2030
Leading region: North America was the largest market in 2024
Improvements in technology—especially advancements in battery-powered tools—are expected to further accelerate market growth

Key Companies & Market Share Insight

While specific market shares were not listed in the available content, the market is competitive—with several multinational and diversified manufacturers contributing technological advancements and broad distribution networks.

Order a free sample PDF of the Outdoor Power Equipment Market Intelligence Study, published by Grand View Research.

Key Companies:

Notable players include (in no particular order):
Husqvarna
Makita
Honda Motors
Briggs & Stratton
MTD Holdings
Stanley Black & Decker
Stihl
Techtronic Industries
ECHO (Yamabiko subsidiary)
Ariens
The Toro Company
Deere & Company
Robert Bosch
DexKo Global (which may include AL-KO group affiliates)

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Conclusion

The outdoor power equipment market is experiencing solid growth, crossing USD 53 billion in 2024 and forecasted to reach over USD 76 billion by 2030 at a robust CAGR of 6.3%. Key growth drivers include the shift toward battery-powered tools, expanding commercial usage, and strong regional demand—especially from North America and fast-growing Asia Pacific. Lawn mowers dominate the equipment landscape, while a diverse pool of established companies continues to innovate and shape the competitive environment.

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Orthobiologics Market Driven by Increasing Adoption in Spine Surgeries

The global orthobiologics market size was estimated at USD 6.77 billion in 2024 and is projected to reach USD 10.34 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.74% from 2025 to 2033. Growth is supported by rising sports injuries, road traffic accidents, widespread adoption of minimally invasive treatments, increasing orthopedic procedures, and a growing aging population.

Orthobiologic products face strict regulatory requirements to ensure they meet high standards of quality, safety, and efficacy before entering the market. This safeguards the patient’s health and fosters trust among healthcare professionals and consumers. Regulatory agencies, such as the Food and Drug Administration (FDA) in the U.S. and the European Medicines Agency (EMA) in Europe, establish guidelines and frameworks for the development, testing, and approval of orthobiologic therapies.

Traditional surgical procedures, while invasive, remain a feasible option for some patients who may not qualify for orthobiologics or those who prefer more established techniques. Additionally, pharmaceutical therapies, such as pain medications and anti-inflammatory drugs, provide non-invasive alternatives for managing symptoms associated with musculoskeletal disorders. Furthermore, medical devices, such as joint implants, provide long-lasting solutions for severe cases of joint degeneration.

Key Market Trends & Insights

North America accounted for the largest regional share at 46.03% of the global orthobiologics market in 2024
By product type, viscosupplementation held the highest share at 42.21% in 2024
Among applications, the spinal fusion segment led with 48.29% share in 2024
Regarding end use, hospitals were dominant in 2024

Market Size & Forecast

2024 Market Size: USD 6.77 billion
2033 Projected Size: USD 10.34 billion
CAGR (2025–2033): 4.74%
Largest Market: North America
Fastest-Growing Region: Europe

Demand Drivers

Sports-related injuries: In 2023, approximately 3.7 million people in the U.S. sustained sports-related injuries
Around 3.5 million children and adolescents incur sports injuries annually out of 30 million participants
Lower extremity injuries—particularly from soccer, track, and cross-country events—are especially common

Order a free sample PDF of the Orthobiologics Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

Leading companies shaping the market includes

Medtronic Plc
DePuy Synthes
Zimmer Biomet
Stryker Corporation
Bioventus LLC
Anika Therapeutics, Inc.
Orthofix, Inc.
Globus Medical
Arthrex, Inc.
Bone Biologics Corp.

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Conclusion

In summary, the orthobiologics market is poised for robust growth, expanding from USD 6.77 billion in 2024 to USD 10.34 billion by 2033 at a CAGR of 4.74%. Growth is propelled by factors such as aging demographics, obesity-related musculoskeletal issues, sports and road-related injuries, and technological progress in regenerative therapies. North America leads in market share, while Europe is emerging swiftly. Viscosupplementation and spinal fusion dominate product and application segments, respectively, with hospitals serving as the primary delivery channel. Innovation, investment, and strategic consolidation among established players further reinforce the market’s upward momentum.

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Organic Fruits And Vegetables Market Driven by Rising Fitness Enthusiasts

The global organic fruits and vegetables market was valued at USD 76.19 billion in 2023 and is forecast to grow to USD 147.31 billion by 2030, driven by a compound annual growth rate (CAGR) of 9.9% between 2024 and 2030. This growth is fueled by rising consumer awareness around the health advantages of organic products, worries about food safety, environmental concerns, and a stronger focus on healthy lifestyles.

Key Market Trends & Insights

North America emerged as the dominant region — accounting for 41.6% of global revenue in 2023. In the United States, the market is expected to expand at a CAGR of 9.7% from 2024 through 2030.
By product type, organic fruits represented 57.0% of global revenue in 2023, underscoring their prominent role in this market.
Regarding distribution channels, sales via supermarkets and hypermarkets comprised 52.5% of global revenue in 2023.

Market Size & Forecast

2023 Market Size: USD 76.19 billion
Projected 2030 Market Size: USD 147.31 billion
CAGR (2024–2030): 9.9%
North America held the largest share in 2023.

A 2022 survey estimated total organic food retail sales at around EUR 135 billion (approximately USD 146 billion), reflecting growing consumer shifts toward organic alternatives due to perceived health benefits and safety concerns.

Consumers increasingly favor organic berries such as blueberries and strawberries, which are believed to offer higher antioxidant and phytonutrient levels compared to conventional variants.

Environmental sustainability also plays a pivotal role in fueling demand. Organic produce’s adoption of eco-friendly farming – avoiding synthetic pesticides and promoting soil health – is resonating with consumers aiming to minimize environmental impact and support biodiversity.

In the U.S., consumption of fresh organic produce also continues its upward trajectory. During 2020, fresh organic produce sales rose by nearly 11% to reach USD 18.2 billion.

A specialized winter program was launched by a California-based organic importer in late 2022 to provide organic table grapes from Peru during the off-season, bridging gaps in availability when local grape harvests conclude.

Order a free sample PDF of the Organic Fruits And Vegetables Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

The market features a diverse array of participants, from multinational agricultural corporations to regional producers and organic cooperatives. There is notable momentum toward innovation through sustainable farming practices, advances in production technologies, and new organic product offerings.

Examples of farming innovation include precision agriculture, vertical farming, and regenerative methods—all aimed at boosting yields, preserving environmental quality, and nurturing soil vitality.

The industry has also seen consolidation through mergers and acquisitions. A notable example involves a major organic salad producer being acquired by a leading organic food company, enhancing the acquirer’s product range and distribution network.

Regulatory frameworks exert significant influence by establishing standards and building consumer confidence. Certifications such as USDA Organic (U.S.) and the European Union Organic Regulation ensure authenticity by banning synthetic pesticides, GMOs, and chemical fertilizers.
Key alternatives to organic fruits and vegetables include conventionally grown produce, as well as processed or preserved options like canned or frozen offerings. Specialty or exotic fruits not offered in organic form may also serve as substitutes.
Consumers driving demand include those focused on health, those motivated by sustainability, and individuals with dietary preferences such as vegan or plant-based diets.

Key Companies List

Amy’s Kitchen
The Hain Celestial Group
General Mills Inc.
Conagra Brands
Danone S.A.
Driscoll’s, Inc.
SunOpta, Inc.
Del Monte Foods, Inc.
Organic Valley
Dole Food Company, Inc.

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Conclusion

In essence, the organic fruits and vegetables market is on a robust growth path, projected to nearly double in size—from USD 76.19 billion in 2023 to an estimated USD 147.31 billion by 2030—driven by consumer demand for healthier, safer, and more sustainable food choices. North America leads the charge, with organic fruits holding a dominant market share and supermarkets/hypermarkets serving as the primary distribution channel. Innovations in agriculture, environmental consciousness, and regulatory assurance underpin industry developments, while established global and regional companies shape competitive dynamics.

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Organic Cheese Powder Market Gains Popularity in Nutritional Snacks

In 2023, the global organic cheese powder market was estimated at USD 319.66 million. Projections indicate it will reach USD 505.91 million by 2030, reflecting a compound annual growth rate of 6.8% from 2024 to 2030. This expansion is driven by growing consumer preferences for organic and natural food products, as well as the rising demand for convenient, flavor-enhancing ingredients across diverse culinary applications. The surge in health awareness and sustainability concerns is a key underpinning of this trend.

Key Market Trends & Insights

Europe accounted for over 40% of global organic cheese powder sales in 2023, led by consumer health consciousness and stringent organic standards across countries such as Germany, France, the UK, and the Netherlands.
In North America, the United States represented 84% of regional revenue in 2023, with high consumer demand for certifications such as USDA Organic, non-GMO, and gluten-free driving preference for organic variants.
Organic cheddar cheese powder held a dominant 48.03% revenue share in 2023, making it the largest product segment.
Among applications, snack products accounted for about 30% of revenue in 2023. Organic cheese powders are increasingly featured in snacks such as organic popcorn, pretzels, and crackers that cater to both taste and clean-label preferences.

Market Size & Forecast

2023 Market Size: USD 319.66 million
2030 Projected Market Size: USD 505.91 million
CAGR (2024–2030): 6.8%
Largest Market Region (2023): Europe

The market benefits from increased retail availability of organic cheese powders, clean-label consumer demand, and eco-friendly preferences. Certifications signaling organic authenticity and sustainable production are influential in purchasing decisions.

The trend is reinforced by product innovation such as flavor blends, herb-infused variants, and collaborations—melding convenience with diverse culinary profiles.

Order a free sample PDF of the Organic Cheese Powder Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

The market is characterized as fragmented but growing; innovation is accelerating with producers experimenting with varied flavor profiles and blends to meet evolving consumer tastes.

Substitutes—namely conventional cheese powders and vegan cheese powders—pose a moderate to high competitive threat due to cost and accessibility, though demand for organic credentials tempers the impact.

Key Companies:

Land O’Lakes, Inc.
Bluegrass Ingredients, Inc.
Glanbia plc
Cheesepop Food Group
Kerry Group plc
Outdoor Herbivore
Frontier Co-op
Healthier Comforts
Anthony’s Goods
Ballantyne

These firms hold leading positions in terms of market share and shape industry trends through organic product offerings and retail expansion.

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Conclusion

The organic cheese powder market is on a robust growth trajectory, underpinned by a global shift toward organic, clean-label, and health-oriented food choices. With a solid base of USD 319.66 million in 2023 and poised to reach USD 505.91 million by 2030 (at a 6.8% CAGR), the industry reflects dynamic regional leadership—Europe at the forefront, and North America closely following. Cheddar dominates product share, while snack applications lead usage. Competitive intensity is rising, fuelled by both traditional and emerging substitutes, spurring innovation. The presence of diverse key players—from established agribusinesses to niche organic brands—indicates a maturing yet flexible market landscape. Looking ahead, sustained consumer demand for transparency, flavor, and convenience will likely continue to propel the sector’s expansion.

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Oral Appliances Market Supported by Advanced 3D Printing Solutions

In 2023, the global oral appliance market was valued at USD 908.7 million. It is projected to grow at a compound annual growth rate (CAGR) of 5.72% from 2024 to 2030, reaching around USD 1.4 billion by 2030. This expansion is driven by growing awareness of sleep-related disorders, especially obstructive sleep apnea (OSA), as well as increased demand for non-invasive treatments. Technological advancements, better product design focused on comfort, supportive reimbursement frameworks, and the presence of established market participants all contribute to the market’s upward trajectory

Key Market Trends & Insights

Geographic leadership: North America held the largest revenue share in 2023, with the U.S. as the primary contributor
Product dominance: Mandibular advancement devices (MADs) accounted for the largest share of the market, representing 69.0% of revenue in 2023
Distribution channels: The direct-to-consumer (DTC) segment led sales, capturing the largest share among distribution methods
End-use segment: Hospitals and clinics were the main purchasers of oral appliances in 2023

Broader enhancements: Market growth is also fueled by technological innovation—such as 3D printing and smart-device integration—improvements in comfort, favorable policies, and support for alternatives to CPAP therapy

Demographic influence: The rising global geriatric population significantly contributes to market demand. OSA affects 13% to 32% of individuals aged 65 and older, and with the elderly population expected to double in share—from 12% to 22%—its impact is substantial

Market Size & Forecast

2023: Market valued at USD 908.7 million
2024 (estimate): Approximately USD 970.7 million
2030 projection: Around USD 1.4 billion, based on a 5.72% CAGR from 2024 to 2030
Regional drivers: North America remains the largest market, while Europe and Asia Pacific are expected to register significant growth.

Europe benefits from increased awareness and evolving technologies; Asia Pacific gains momentum through awareness expansion, improved healthcare infrastructure, and events showcasing new developments

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Key Companies & Market Share Insight

These companies contribute through innovations, product launches, regulatory approvals, and geographic expansion. For example, in November 2022, one company received U.S. FDA clearance for a newly refined appliance that was notably more compact—by nearly 13%—than previous models, aligning with Centers for Medicare Services (CMS) coding guidelines

Key Companies

ResMed Inc.
ProSomnus
Vivos Therapeutics
SomnoMed
Glidewell
Airway Management (TAP)
Mitsui Chemicals, Inc. (Whole You)
Achaemenid, LLC
Apnea Sciences
Signifier Medical Technologies

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Conclusion

Overall, the oral appliances market is on a steady growth path, poised to expand from USD 908.7 million in 2023 to around USD 1.4 billion by 2030. This momentum is primarily underpinned by rising awareness of sleep apnea, especially among aging populations, preference for less invasive solutions, and sustained technological advancements. North America continues to lead the market, but robust growth is expected in Europe and Asia Pacific, driven by increased healthcare investments and innovation showcases. Leading firms in this field are front and center—innovating in device design, securing regulatory endorsements, and refining channels to meet evolving patient needs.

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Microcarriers Market Advances Due to Demand in Biologics Development

The global microcarriers market size was estimated at USD 1,945.7 million in 2024 and is projected to reach USD 3,500.8 million by 2030, growing at a CAGR of 10.5% from 2025 to 2030. This market growth is primarily attributed to the high demand for cell-based vaccines and therapeutics.

The increasing incidence of diseases such as diabetes, cancer, rheumatoid arthritis, and hemophilia, alongside significant investments in innovative therapy development and advancements in cell biology research, is fueling market expansion. For example, in May 2024, Sartorius partnered with Sanofi to co-develop a platform that enhances downstream bioprocessing, potentially advancing microcarrier-based technologies for efficient biopharmaceutical production.

The growing demand for cell-based vaccines and therapeutics remains a central driver of the market. These products offer targeted and effective treatment options for diseases like cancer and infectious disorders. Microcarriers are integral to this process, as they provide a supportive surface for large-scale cell culture expansion—crucial for vaccine and therapeutic manufacturing.

As the global population continues to age and expand, the prevalence of chronic and infectious diseases also rises. This demographic shift further accelerates the demand for novel cell-based treatments that utilize microcarriers for scalable and efficient cell culture.

Large-scale investments from pharmaceutical companies, biotech firms, and research institutions are driving innovation in cell-based therapies. These investments aim to develop scalable solutions using microcarriers for applications such as vaccines, gene therapies, and regenerative medicine. For instance, Eppendorf has focused on microcarrier-based systems to boost production efficiency and scalability.

Moreover, continuous technological advancements in cell biology research are enhancing the capabilities of microcarrier systems. Innovations in cell culture methods, bioreactor technologies, imaging, and biomaterials have significantly improved our understanding of cellular behavior, allowing for greater reproducibility and efficiency in manufacturing.

Order a free sample PDF of the Microcarriers Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights:

Regionally, North America generated the highest revenue in 2024.
Country-wise, China is projected to record the highest CAGR from 2025 to 2030.
Segment-wise, microcarrier beads generated USD 1,374.2 million in revenue in 2024.
Consumables, especially microcarrier beads, are expected to be the fastest-growing segment through 2030.

Market Size & Forecast:

2024 Market Size: USD 1,945.7 Million
2030 Projected Market Size: USD 3,500.8 Million
CAGR (2025–2030): 10.5%
North America: Largest regional market in 2024

Key Microcarrier Company Insights:

The microcarriers market is witnessing strong momentum due to continuous innovation and the increasing application of advanced technologies in cell biology. The growing need for effective disease treatments has created numerous opportunities in the cell therapy space. New market entrants and existing players are launching advanced solutions to meet evolving demands. For instance, in September 2023, Thermo Fisher Scientific introduced Gibco CTS Detachable Dynabeads—a new technology designed to streamline cell therapy manufacturing in clinical and commercial settings. The entry of such technologies intensifies market competition and accelerates innovation across the industry.

Key Players in the Microcarriers Market:

Thermo Fisher Scientific, Inc.
Merck KGaA
Danaher Corporation
Sartorius AG
Corning Incorporated
Eppendorf SE
Bio-Rad Laboratories, Inc.
HiMedia Laboratories Pvt. Ltd.
denovoMATRIX GmbH

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Conclusion:

The global microcarriers market is set for robust growth driven by rising healthcare needs, advancements in cell-based therapies, and strong R&D investments. With chronic and infectious diseases on the rise, and continuous technological progress, microcarriers are becoming indispensable in large-scale bioproduction. The competitive landscape is also intensifying as established players and new entrants alike strive to introduce efficient, scalable, and innovative solutions, positioning the microcarriers market as a key component of the future biotechnology ecosystem.

Microbial Identification Market Fueled by Growing Awareness of Pathogen Detection

The global microbial identification market size was valued at USD 4.19 billion in 2024 and is expected to reach USD 8.18 billion by 2030, expanding at a compound annual growth rate (CAGR) of 11.91% from 2025 to 2030. This significant growth is attributed to the rising prevalence of infectious diseases, rapid technological advancements, increased R&D efforts, and growing government investments in the biotechnology and life sciences sectors.

Moreover, heightened awareness regarding food safety and the need for effective environmental monitoring are key drivers anticipated to further fuel the market’s growth from 2025 onward. These factors are increasingly prompting industries and governments to adopt advanced microbial identification systems to ensure public health and safety.

Antimicrobial resistance (AMR)—the ability of microbes to resist the effects of medications—poses a serious global health threat. It leads to higher mortality rates, extended hospitalizations, and escalating healthcare costs. Accurate microbial identification plays a crucial role in combatting AMR by enabling precise, targeted treatment and minimizing the inappropriate use of broad-spectrum antibiotics.

With healthcare systems placing greater emphasis on antimicrobial stewardship, the demand for rapid and accurate microbial diagnostics is rising. Technologies like MALDI-TOF mass spectrometry, PCR-based systems, and next-generation sequencing (NGS) offer efficient detection of pathogens and resistant strains, allowing clinicians to make informed decisions and enhance patient outcomes. These tools are becoming essential components of modern infection control and treatment strategies.

According to the Global Research on Antimicrobial Resistance Project published in The Lancet in September 2024, the absence of effective interventions could result in over 39 million direct deaths from antibiotic-resistant bacterial infections within the next 25 years. Indirect deaths could reach an additional 169 million. By 2050, total deaths from AMR are projected to surge to 10.13 million annually, with an economic impact potentially reaching $1 trillion to $3.4 trillion in global GDP losses by 2030. These projections underscore the urgent need for reliable microbial identification methods.

International initiatives, such as the World Health Organization’s Global Action Plan on AMR, are encouraging governments to enhance surveillance systems and diagnostic infrastructures. In response, hospitals, research institutions, and laboratories are increasingly investing in advanced microbial identification technologies, reinforcing the market’s critical role in public health.

Order a free sample PDF of the Microbial Identification Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

North America led the global market with a 38.38% share in 2024.
The U.S. microbial identification market is anticipated to witness strong growth throughout the forecast period.
Consumables dominated the product & services segment with a 36.60% share in 2024.
PCR technology accounted for the largest technology segment with a 36.69% share in 2024.
The genotypic segment held the largest share at 42.19% in 2024 and is expected to record the highest CAGR from 2025 to 2030.

Market Size & Forecast

2024 Market Size: USD 4.19 Billion
2030 Market Size: USD 8.18 Billion
CAGR (2025–2030): 11.91%
North America: Largest regional market (2024)
Asia Pacific: Fastest-growing region

Key Microbial Identification Company Insights

Leading market participants are employing strategies such as partnerships, mergers, and geographical expansions to enhance their footprint and drive product accessibility. These initiatives play a vital role in shaping industry dynamics and accelerating market growth.

Major Companies in the Microbial Identification Market:

bioMérieux SA
Becton, Dickinson and Company
Thermo Fisher Scientific Inc.
Bruker Corporation
Danaher Corporation
Qiagen N.V.
Charles River Laboratories
Wickham Micro Limited
VWR International LLC (Avantor Inc.)
Shimadzu Corporation
Merck KGaA
Eurofins Scientific SE
Biolog Inc

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Conclusion

The microbial identification market is poised for substantial growth through 2030, driven by the convergence of health priorities, technological progress, and global efforts to mitigate antimicrobial resistance. As awareness of microbial threats continues to grow, so too does the demand for accurate and timely identification tools. The integration of advanced technologies, coupled with supportive government and institutional initiatives, ensures that microbial identification will remain a cornerstone in the global strategy to protect public health, improve patient care, and curb the economic and medical impact of AMR.

U.S. Nuclear Medicine Market Boosted by Cancer and Neurology Applications

The U.S. nuclear medicine market size was estimated at USD 5.1 billion in 2023 and is projected to grow at a CAGR of 12.6% from 2024 to 2030. This growth is primarily driven by the increasing prevalence of cancer and cardiovascular diseases across the country. According to the American Cancer Society, the U.S. recorded approximately 1,958,310 new cancer cases in 2023, with 609,820 projected cancer-related deaths. The demand for nuclear medicine is further fueled by technological advancements and the growing need for precise diagnostic and treatment solutions.

Cardiovascular diseases remain the leading cause of death among most racial and ethnic groups in the U.S. As per a CDC report published in May 2023, around 805,000 Americans experience heart attacks annually, with 605,000 undergoing their first episode. To combat this, the U.S. government allocated nearly USD 239 billion annually between 2018 and 2019 for heart disease prevention and treatment, encompassing medication and healthcare services. Lifestyle factors such as alcohol consumption, unhealthy diets, and physical inactivity contribute significantly to the prevalence of cancer and heart diseases, thereby escalating the demand for nuclear medicine solutions.

The market is further driven by continuous technological innovation. Radiopharmaceuticals have transformed diagnostic and therapeutic practices in cardiology and oncology. Ongoing research highlights the efficacy of radioisotopes in treating a variety of health conditions, including cancer, thyroid disorders, respiratory ailments, bone issues, and gastrointestinal diseases. This scientific momentum is leading to the development of advanced nuclear medicine products for diagnostic and therapeutic use. For example, Siemens Healthineers introduced the Symbia Pro.specta in June 2022—an advanced SPECT and CT imaging system—which received both U.S. FDA clearance and CE mark approval for broad clinical application. Its features include automated workflows, SPECT motion correction for improved imaging, and a low-dose CT of up to 64 slices, setting it apart in the competitive landscape.

The demand for accurate diagnostic tools continues to rise, with Positron Emission Tomography (PET) gaining traction due to its precision in targeted organ analysis. PET scans offer superior accuracy compared to traditional diagnostic methods and are instrumental in evaluating treatment efficacy. Frequently combined with X-rays or CT scans, PET enhances diagnostic detail. In October 2023, Positrigo AG launched its NeuroLF PET system in the U.S. via its local subsidiary, reinforcing the importance of R&D and innovation in nuclear imaging technologies.

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Key Market Trends & Insights

By Product: Diagnostic products held a dominant share, accounting for 71.2% of total revenue in 2023.
By End-use: Hospitals and clinics were the leading end-users in 2023.
By Application: The oncology segment led the market by application share in 2023.

Market Size & Forecast

2023 Market Size: USD 5.1 billion
2030 Projected Market Size: USD 12.27 billion
CAGR (2024–2030): 12.6%

Key U.S. Nuclear Medicine Company Insights

Prominent market players such as GE Healthcare, Cardinal Health, Lantheus Medical Imaging, Siemens Healthineers AG, and Novartis leverage established regional networks to maintain stringent quality standards and secure competitive market shares. These companies invest significantly in advanced technologies and infrastructure to support high-volume diagnostics and therapies. Strategic partnerships and distributor collaborations further strengthen their positions.

Emerging players like NTP Radioisotopes SOC Ltd., Eczacıbaşı-Monrol, Lantheus Medical Imaging, and Nordion (Canada), Inc. are gaining visibility by securing government and institutional funding and launching novel products to address unmet needs in the U.S. market.

Key U.S. Nuclear Medicine Companies:

Eckert & Ziegler
Curium
GE Healthcare
Jubilant Life Sciences Ltd.
Bracco Imaging S.P.A
Nordion (Canada), Inc.
The Institute for Radioelements (IRE)
NTP Radioisotopes SOC Ltd.
Eczacıbaşı-Monrol
Lantheus Medical Imaging, Inc.
The Australian Nuclear Science and Technology Organization
Novartis (Advanced Accelerator Applications)
Siemens Healthineers AG

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Conclusion:

The U.S. nuclear medicine market is poised for substantial growth due to a convergence of factors, including the rising burden of cancer and cardiovascular diseases, rapid technological innovations, and increasing investment in advanced imaging and therapeutic solutions. The adoption of highly accurate diagnostic tools such as PET and SPECT systems, combined with robust R&D activities and supportive government initiatives, will continue to drive the market forward. As major and emerging players expand their capabilities and partnerships, the landscape is set to evolve with new innovations catering to the growing demand for personalized and efficient healthcare solutions.

U.S. Cannabinoids Market Gains Momentum from Chronic Pain Management Needs

The U.S. cannabinoids market was valued at USD 18.14 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 15.3% from 2023 to 2030. This market growth is primarily driven by increasing consumer awareness regarding the health and therapeutic benefits of cannabinoids. The presence of medicinal phytocannabinoids in cannabis is encouraging the adoption of cannabinoids for medical applications. Additionally, expanding research in the cannabinoid sector and the rising demand for cannabinoid-based products are further accelerating market expansion.

Several companies within the U.S. are actively developing specialty cannabinoid products to capitalize on the growing market. For example, in March 2023, Gene Pool Technologies, LLC announced the acquisition of the cannabis patent portfolio of Insectergy, LLC. This strategic move is aimed at strengthening their position as a key player in cannabis manufacturing and production. Furthermore, the legalization of cannabis for recreational use has significantly boosted the demand for THC-based products, attracting new entrants into the market.

The introduction of innovative cannabinoid products, along with collaborative efforts and partnerships by leading players, is further propelling market growth. In March 2023, CannaAid launched H4-CBD products, becoming the first company to introduce and distribute them both in the U.S. and internationally. That same month, Innocan Pharma Corporation LTD. secured a U.S. patent for its cannabis-based topical products designed for pain relief.

Despite promising growth, the market faces challenges, notably the high costs associated with cannabinoid-based products. Minor cannabinoids such as CBG, CBC, and CBN are naturally found in low concentrations and require complex extraction processes, making them expensive and less accessible to the broader population. Even more common cannabinoids like CBD and THC remain costlier than conventional pharmaceuticals used for similar therapeutic purposes.

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Key Market Trends & Insights

By Type: The cannabidiol (CBD) segment accounted for the largest revenue share at 26.7% in 2022 and is expected to maintain steady growth through the forecast period.
By Application: Neurological disorders led the application segment with a 22.1% share in 2022 and are projected to grow at a notable pace throughout the forecast period.

Market Size & Forecast

2022 Market Size: USD 18.14 Billion
2030 Projected Market Size: USD 60.36 Billion
CAGR (2023–2030): 15.3%

Key Companies & Market Share Insights

Industry participants are actively working to enhance product lines to improve patient outcomes and overall healthcare effectiveness. For instance, in March 2023, Corganics entered into a partnership with OrthoLoneStar to provide access to its clinical CBD therapies.

Other prominent players in the U.S. cannabinoids market include:

Mile High Labs International
Global Cannabinoids
GenCanna
CBD INC
Precision Plant Molecules
Rhizo Sciences
LaurelCrest
Fresh Bros Hemp Company
BulKanna
High Purity Natural Products
Zero Point Extraction

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Conclusion

The U.S. cannabinoids market is undergoing rapid transformation, fueled by expanding research, favorable regulatory changes, and growing consumer demand for therapeutic cannabis-based products. Although high production costs and pricing challenges for minor cannabinoids may constrain accessibility, the continued innovation, partnerships, and strategic market entries are expected to sustain strong growth momentum through 2030.

Soju Market Witnesses Uptick Due to Premium Product Launches

The global soju market size was estimated at USD 5.30 billion in 2023 and is projected to reach USD 7.59 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. Multiple interconnected factors are contributing to the increasing demand and consumption of soju.

The global rise in Korean cultural influence, led by the popularity of K-dramas and K-pop, has played a pivotal role in promoting Korean cuisine and beverages to international audiences. This cultural exposure has significantly boosted the appeal of soju. Known for its unique taste and flexibility, soju is suitable for various consumption methods—straight, on the rocks, or mixed in cocktails—making it popular among a broad spectrum of consumers. Additionally, its lower alcohol content and reduced calorie count compared to traditional spirits make it a more attractive option for health-conscious drinkers.

Economic aspects also contribute to soju’s rising appeal. As a more affordable alternative to premium spirits like whiskey or vodka, soju resonates well with cost-conscious consumers. Its global reach is being strengthened through enhanced international distribution networks, growth of online retail platforms, and the increasing presence of Korean-themed restaurants and bars worldwide.

Innovation in flavor is another key driver. Soju producers are constantly launching new fruit-based and exotic flavors such as peach, grape, citrus, green tea, and lychee to align with the shifting preferences of younger demographics. This expansion in flavor variety broadens its market base and makes soju more accessible to new consumers. Furthermore, the emergence of premium and artisanal soju variants has attracted consumers looking for refined alternatives, offering distinctive taste profiles comparable to established spirits.

In a notable development, Spirit of Gallo, in December 2023, expanded its portfolio by partnering with LOTTE Chilsung Beverage Co., Ltd. to introduce three soju brands—Soonhari, Chum Churum, and Saero—into the U.S. market starting January 2024. This move highlights soju’s growing popularity in the U.S., especially among Gen Z and multicultural communities, due to its mild alcohol content and adaptability.

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Key Market Trends & Insights:

North America held a revenue market share of 20.20% in 2023.
The U.S. is experiencing increased competition and innovation.
The distilled soju segment accounted for 71.30% of revenue share in 2023.
The off-trade distribution channel led the market with 69.20% of revenue share in 2023.
Bottled soju packaging contributed to 48.50% of the market revenue in 2023.

Market Size & Forecast:

2023 Market Size: USD 5.30 Billion
2030 Projected Market Size: USD 7.59 Billion
CAGR (2024–2030): 5.3%
Largest Market in 2023: North America

Key Soju Company Insights:

The soju industry is highly competitive and shaped by product innovation, regional production strengths, and evolving consumer preferences. Leading companies are investing in research and development to offer high-quality, cost-effective solutions. Strategic alliances through joint ventures, partnerships, acquisitions, and mergers are common strategies aimed at expanding market presence and meeting international standards regarding ingredient transparency and regulatory compliance.

Prominent Soju Companies:

HiteJinro Co., Ltd.
Lotte Chilsung Beverage Co., Ltd.
Korea Alcohol Co., Ltd.
Hwayo
The Soju Company
OB Brewing Co., Ltd.
Sool Soju
Tokki Soju
The Han
C1 Soju

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Conclusion:

The global soju market is undergoing notable expansion, fueled by cultural globalization, shifting consumer preferences, and continuous product innovation. As Korean culture gains momentum worldwide, soju stands out as a symbol of this cultural export. Its affordability, lower alcohol content, and diverse flavor profiles make it a versatile choice for a wide demographic. With growing international investments and strategic partnerships, the soju market is well-positioned for sustained growth and wider global adoption in the years ahead.