technology – 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)

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

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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Orthopedic Braces And Supports Market Supported by E-Commerce Growth

In 2024, the global orthopedic braces and supports market stood at USD 4,670.9 million, and is forecast to rise to USD 7,006.2 million by 2030, reflecting a steady compound annual growth rate (CAGR) of 7.3% over the 2025–2030 period. This expansion is driven by ongoing technological innovation, rising rates of injuries related to sports and accidents, an aging population, and growing public awareness regarding preventive healthcare.

Key Market Trends & Insights

In 2024, North America accounted for the largest share of the global orthopedic braces and supports market, with a revenue share of 35.83%. The United States emerged as the dominant national market within the region.
Among product categories, braces and supports constituted the leading segment in 2024, capturing nearly 75% (specifically, 74.97%) of total revenue.
Regarding end-use, orthopedic clinics were the primary source of revenue during the same year.

Market Size & Forecast

Market value in 2024 was USD 4,670.9 million.
By 2030, the market is estimated to reach USD 7,006.2 million.
The projected CAGR from 2025 to 2030 is 7.3%.
Regionally, North America leads in overall size as of 2024, while Asia Pacific is expected to demonstrate the fastest growth rate through the forecast period.

These figures underscore ongoing developments in product innovation and distribution approaches aimed at improving patient outcomes.

Key Companies & Market-Share Insight

Leading companies in this industry are actively working to refine their offerings and strengthen their market presence. Notable company initiatives include the expansion of pediatric bracing divisions, targeted product launches, strategic acquisitions, and partnerships aimed at bolstering regional footprints and technical capabilities.

Order a free sample PDF of the Orthopedic Braces And Supports Market Intelligence Study, published by Grand View Research.

Key Companies:

The following organizations are recognized as the principal players in the orthopedic braces and supports landscape, collectively representing the most significant share of the market and shaping industry trends:

BREG, Inc.
Frank Stubbs Company Inc.
DeRoyal Industries, Inc.
Össur
Fillauer LLC
Ottobock
McDavid
Bauerfeind
Weber Orthopedic LP
DJO, LLC (Enovis)
3M
Zimmer Biomet

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Conclusion

In summary, the orthopedic braces and supports industry is experiencing robust and sustained growth—from USD 4,670.9 million in 2024 to an anticipated USD 7,006.2 million by 2030—propelled by technological strides, demographic trends, and increasing demand tied to injury prevalence. Braces and supports dominate the product space, and orthopedic clinics remain critical channels. North America leads the market, while Asia Pacific offers the most rapid expansion opportunity. Competition is shaped by a mix of established global players investing in R&D, acquisitions, and partnerships to enhance reach and innovation.

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Military Simulation and Virtual Training Market Thrives on Technological Upgrades

The global military simulation and virtual training market was valued at USD 13.02 billion in 2022 and is projected to reach USD 18.75 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. This growth is primarily fueled by the increasing need for a skilled workforce in naval operations and the rising demand for both conventional and unconventional military equipment and software.

Traditional real-time military training is not only costly and time-intensive but also requires substantial resources, such as fuel and explosives, with inherent risks. Consequently, defense ministries worldwide are shifting towards virtual training and simulation-based platforms that leverage technologies like Artificial Intelligence (AI), big data, and cloud computing.

Military simulation systems enable the realistic training of recruits by replicating real-time scenarios using advanced software. The rise in investments in simulation technologies and the defense sector’s ongoing modernization efforts are expected to further boost the market. Governments are increasingly restructuring their military frameworks using innovative simulation tools, accelerating the adoption of these systems.

Simulations and virtual training programs are gaining widespread adoption among global armed forces due to their cost-effectiveness. These systems are developed using Commercial-off-the-Shelf (COTS) components, which minimize development costs and promote scalable solutions. This, in turn, enables the military to innovate rapidly in simulation-based training.

Moreover, the growing demand for upgrading existing equipment and acquiring new, technologically advanced systems is contributing to the market’s expansion. For instance, Bohemia Interactive Simulation introduced an Augmented Reality (AR) visual system for Textron, Inc., which merges real-world interactions with synthetic environments through VR/AR technologies.

Advancements in portable simulation systems—including vehicle, flight, and battlefield simulations—allow customization for specific missions and applications across air, ground, and naval domains. These tailored systems provide strategic experiential training, enhancing soldier readiness, particularly in managing complex missile systems and electronic military hardware.

As defense budgets are constrained in several countries, governments are seeking cost-effective training alternatives. This trend is expected to further bolster demand for virtual training solutions, as they offer improved capabilities at reduced operational costs.

Order a free sample PDF of the Military Simulation and Virtual Training Market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights:

North America held the largest revenue share at 34.9% in 2022.
Air application segment dominated by revenue with a 44.0% share in 2022.
Ground application segment is expected to grow at the highest CAGR of 4.9% during the forecast period.
Flight simulation led among platform types, accounting for 39.6% revenue share in 2022.

Market Size & Forecast:

2022 Market Size: USD 13.02 Billion
2030 Projected Market Size: USD 18.75 Billion
CAGR (2023–2030): 4.7%
Leading Region (2022): North America
Fastest Growing Region: Asia Pacific

Key Players & Market Strategies:

Industry leaders are pursuing strategic acquisitions and partnerships to strengthen their market position. The sector, still evolving, is witnessing an uptick in product launches and contractual agreements. For instance, in November 2022, BAE Systems collaborated with Inzpire to integrate immersive training expertise into its Operational Training Services, aiming to deliver secure, high-fidelity synthetic training environments.

Major Companies in the Market:

Northrop Grumman
Cubic Corporation
CAE Inc.
AAI Corporation
Collins Aerospace
Lockheed Martin Corporation
BAE Systems
L3Harris Technologies, Inc.
Thales
Bohemia Interactive Simulations

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.

Conclusion:

The military simulation and virtual training market is on a steady growth trajectory, driven by the need for cost-effective, safe, and technologically advanced training methods. With defense forces worldwide seeking innovative ways to enhance operational readiness, investments in simulation-based systems are likely to accelerate. As defense budgets tighten, simulation technologies offer an optimal solution for maintaining combat proficiency while minimizing costs and risk—positioning the market for sustained long-term growth.

Microelectromechanical Systems Market Fueled by Advancements in MEMS Gyroscopes

The global microelectromechanical systems (MEMS) market size was estimated at USD 18.0 million in 2023 and is projected to reach USD 35.1 million by 2030, growing at a CAGR of 11.1% from 2024 to 2030. This growth is primarily driven by the increasing demand for advanced consumer electronics across the globe.

The widespread adoption of the Internet of Things (IoT) in the semiconductor industry has significantly enhanced the applicability of MEMS technology, offering valuable advantages to IoT devices, automotive systems, and semiconductor components. Furthermore, ongoing innovations in the automotive industry—particularly in areas like vehicle safety, connectivity, and autonomy—are contributing to the accelerated adoption of MEMS technologies.

Continuous research and development within the tech sector have fostered the creation of improved and innovative technologies. The MEMS market is benefiting from these advancements, with new products and enhanced applications emerging across diverse industries such as healthcare and automotive.

Over recent years, MEMS components have become integral to various everyday devices, including pressure sensors, accelerometers, fluid pumps, optical sensors, analyzers, and micro-robots. These systems are widely implemented in sectors like consumer electronics, biomedical equipment, optical displays, wireless and optical communication, aerospace, chemical processing, and microfluidics. The increasing number of application areas is expected to further propel market growth in the coming years.

Key Market Trends & Insights

Regional Insight: North America emerged as the largest revenue-generating region in 2023.
Segment Insight: Inertial sensors generated USD 18.0 million in revenue in 2023 and are expected to remain the fastest-growing sensor type during the forecast period.

Market Size & Forecast Summary

2023 Market Size: USD 18.0 Million
2030 Projected Market Size: USD 35.1 Million
CAGR (2024–2030): 11.1%
Largest Market (2023): North America

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

Key Company Insights

Leading players in the MEMS market are actively working to expand their global presence and customer base through strategies such as mergers and acquisitions, product innovation, geographic expansion, and strategic partnerships. Prominent companies include Broadcom, Goertek, Honeywell International Inc., Texas Instruments Incorporated, Panasonic Corporation, and HP Development Company, L.P.

Panasonic Corporation, a renowned name in electronics, offers advanced MEMS products including gyro sensors and 6-in-1 inertial sensors.
HP Development Company, L.P. provides low-power, ultra-sensitive MEMS accelerometers and seismic sensors tailored for the oil and gas sector.

Leading Microelectromechanical Systems Companies

Analog Devices, Inc.
Broadcom
DENSO CORPORATION
Goertek
HP Development Company, L.P.
Honeywell International Inc.
Infineon Technologies AG
Knowles Electronics, LLC
NXP Semiconductors
Panasonic Corporation
Qualcomm Technologies, Inc.
Robert Bosch GmbH
STMicroelectronics
TDK Corporation
Texas Instruments Incorporated

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Conclusion

The global microelectromechanical systems market is witnessing robust growth, fueled by the proliferation of consumer electronics, expanding IoT adoption, and innovations in key industries such as automotive and healthcare. With North America leading in market share and inertial sensors dominating the segment, the future outlook remains strong. Continued advancements and strategic initiatives by major players are expected to further strengthen the market, making MEMS a cornerstone technology across various industrial applications.

Microcrystalline Cellulose Market Strengthens Amid Rising Demand for Binders

The global microcrystalline cellulose (MCC) market size was estimated at USD 1,110.54 million in 2023 and is projected to reach USD 1,805.06 million by 2030, expanding at a CAGR of 6.3% from 2024 to 2030. Microcrystalline cellulose is extensively utilized as a binder, filler, and disintegrant in pharmaceutical tablet formulations, as well as a bulking and anticaking agent in the food industry.

Its inert characteristics, high compressibility, and capacity to enhance powder flow properties make MCC a preferred choice in various manufacturing applications. Derived from refined wood pulp, MCC consists of small, loosely packed microcrystals with a large surface area. Its widespread usage spans multiple industries—including food & beverages, pharmaceuticals, and personal care—thanks to attributes such as low bulk density, exceptional binding capacity, and superior compressibility. The production of MCC involves several steps including pulping, purification, hydrolysis, depolymerization, washing and drying, sizing and shaping, and final packaging.

In the pharmaceutical sector, MCC serves as an essential excipient in tablet and capsule production, valued for its chemical inertness and mechanical properties. Simultaneously, rising global health awareness is propelling the demand for dietary supplements and functional foods, in which MCC is increasingly used as a bulking or anti-caking component.

Within personal care and cosmetics, MCC functions as a texture modifier, absorbent, and binding agent. The expanding cosmetics market and consumer preference for high-quality products are driving growth in MCC usage in this segment. The ingredient’s versatility continues to bolster its appeal across diverse end-use sectors.

Despite its broad utility, MCC production—based on cellulose sources like wood pulp and cotton—can be cost-intensive. This limits its application in cost-sensitive regions or sectors. Additionally, regulatory compliance varies by region and product category, potentially adding to operational complexity and cost.

Order a free sample PDF of the Microcrystalline Cellulose market Intelligence Study, published by Grand View Research.

Key Market Trends & Insights

North America led the global market with a 33.0% share in 2023.
The U.S. market is expected to show consistent growth in the coming years.
Wood-based MCC dominated the source segment, accounting for 64.7% share in 2023.
The powder form of MCC was the most prominent, leading the market in 2023.
Pharmaceuticals remained the leading application segment, contributing 34.0% of the market share in 2023.

Market Size & Forecast

2023 Market Size: USD 1,110.54 Million
2030 Projected Market Size: USD 1,805.06 Million
CAGR (2024–2030): 6.3%
Largest Market in 2023: North America

Leading Microcrystalline Cellulose Companies

Several key players dominate the MCC market, including:

Roquette Frères – A global leader inplant-based ingredients with strong expertise in MCC for food, pharmaceutical, and cosmetic sectors.
JRS PHARMA
Asahi Kasei Corporation – A diversified multinational focused on sustainable MCC production.
SEPPIC
International Flavors & Fragrances Inc.
Apollo cientific Ltd. – A provider of specialty chemicals and intermediates for pharmaceutical and biotech sectors.
Ankit Pulps – Known for GMP-compliant manufacturing and R&D capabilities in MCC production.
Godavari Biorefineries Ltd.
DFE Pharma
Fengchen Group Co., Ltd.
Foodchem International Corporation

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Conclusion

The global microcrystalline cellulose market is witnessing steady growth, fueled by its extensive application across pharmaceuticals, food & beverages, and personal care industries. With favorable properties like inertness, binding efficiency, and compressibility, MCC remains a critical excipient and additive. As consumer demand for health-focused and high-quality products increases, and as industries seek reliable functional ingredients, MCC’s relevance continues to rise. However, production costs and regulatory considerations may present challenges in specific markets. Nevertheless, the ongoing innovation and investment by major players are expected to support long-term growth and market expansion.

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.

Metaverse in Education Market Benefits from Rising Demand for Lifelong Learning

The global metaverse in education market size was estimated at USD 4,375,184.4 million in 2023 and is projected to reach USD 41,622,011.6 million by 2030, growing at a CAGR of 38% from 2024 to 2030. This remarkable growth is primarily driven by factors such as the increasing popularity of experiential learning, improved technological accessibility, heightened demand for interactive education, and continuous advancements in immersive technologies.

The metaverse introduces vast opportunities for students to engage in deeply immersive simulations and virtual recreations, enabling them to explore historical events and perform scientific experiments in lifelike digital environments. These platforms also facilitate global collaboration, allowing students from different regions to engage in joint projects, share ideas, and problem-solve together in real time, thereby encouraging a more inclusive and interactive learning atmosphere.

Educational institutions are under growing pressure to deliver high-quality, tech-enhanced educational experiences. The core objective behind integrating emerging technologies into education is to enhance accessibility and student engagement. Extended reality (XR) technologies, such as virtual reality (VR) and augmented reality (AR), improve learning outcomes by delivering realistic and interactive content that reduces cognitive load and boosts comprehension. Institutions are increasingly investing in VR solutions for both in-person and online learning to enrich student experiences, including virtual field trips, company tours, and museum explorations.

The metaverse also has the potential to democratize education. Students with internet access, regardless of geographical constraints or physical disabilities, can immerse themselves in virtual learning environments. As VR and AR technologies become more cost-effective and widely available, their integration into classrooms is expected to grow substantially. Traditional teaching methods are being supplemented, and in some cases replaced, by more interactive and tailored learning experiences within the metaverse, aligning with various learning styles and keeping students actively engaged.

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

Key Market Trends & Insights

By Region: North America was the largest revenue-generating region in 2023.
By Segment: Hardware generated USD 4,375,184.4 million in revenue in 2023 and is expected to be the fastest-growing segment during the forecast period.

Market Size & Forecast

2023 Market Size: USD 4,375,184.4 million
2030 Projected Market Size: USD 41,622,011.6 million
CAGR (2024–2030): 38%
North America: Largest market in 2023

Key Metaverse in Education Companies

Leading companies driving the metaverse in education market include:

Adobe Inc.
Baidu Inc.
Epic Games
HP Inc.
Lenovo
Meta
Microsoft Corporation
Roblox Corporation
Samsung Electronics
Unity Software Inc.

These companies are focusing on expanding their customer base and gaining a competitive advantage through strategic moves such as collaborations, mergers & acquisitions, and new product innovations. For example, in September 2023, Meta collaborated with 15 U.S. universities to deliver VR-based courses, emphasizing soft skills and real-world simulation experiences. Participants include institutions like Stanford University, Morehouse College, and the University of Iowa.

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Conclusion

The metaverse is revolutionizing the education sector by enabling immersive, accessible, and collaborative learning experiences. With institutions increasingly investing in XR technologies and students seeking more engaging educational formats, the metaverse in education market is poised for exponential growth. As companies continue innovating and educational paradigms shift towards virtual learning environments, the metaverse is set to become a foundational component of future education systems worldwide.

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.

Order a free sample PDF of the U.S. Nuclear Medicine Market Intelligence Study, published by Grand View Research.

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. Hydrogen Energy Storage Market Supported by R&D and Pilot Projects

The U.S. hydrogen energy storage market size was estimated at USD 3.17 billion in 2023 and is anticipated to expand at a CAGR of 5.3% from 2024 to 2030. This growth is primarily driven by the country’s accelerating industrialization and the increasing adoption of alternative energy sources. Significant advancements in research and development, along with the construction of large-scale hydrogen storage infrastructure, are expected to propel market growth throughout the forecast period.

Hydrogen energy storage involves storing large volumes of hydrogen using technologies such as solution-mined salt domes, excavated rock caverns, and other geological formations. This stored hydrogen supports various end-use sectors, including transportation, metallurgy, general industry, chemicals, and stationary power applications. With the global expansion of renewable energy, the demand for hydrogen energy systems is also rising, as these solutions help mitigate greenhouse gas emissions. Hydrogen is also vital in oil refining and utility operations.

The industrial sector continues to be a major consumer of hydrogen for applications such as glass production, fertilizer manufacturing, and metal refining. The increasing shift by companies towards sustainable fuel alternatives, such as hydrogen, further contributes to the rising demand. In particular, hybrid melting technologies paired with electric furnace boosting are being adopted to reduce harmful emissions, reinforcing the market’s upward trajectory.

The U.S. remains a leader in renewable energy adoption across industrial, transportation, and power generation sectors. To support hydrogen infrastructure development, the U.S. Department of Energy initiated projects like H2USA, in collaboration with the National Renewable Energy Laboratory (NREL) and Sandia National Laboratories. Furthermore, the Hydrogen Fueling Infrastructure Research and Station Technology (H2FIRST) project, supported by the Fuel Cell Technologies Office, aims to overcome technical challenges and facilitate the development of cost-effective hydrogen fueling stations across the nation. These initiatives are expected to significantly boost the hydrogen energy storage market in the coming years.

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Key Market Trends & Insights

By Application: The industrial segment led the market with the largest revenue share of 40.56% in 2023.
By Physical State: The solid state segment dominated, accounting for 51.43% of the market in 2023.
By Technology: The material-based segment held the largest share at 40.15% in 2023.

Market Size & Forecast

2023 Market Size: USD 3.17 Billion
2030 Projected Market Size: USD 4.53 Billion
CAGR (2024–2030): 5.3%

Key U.S. Hydrogen Energy Storage Company Insights

The U.S. hydrogen energy storage market is fragmented, featuring a diverse mix of companies at varying stages of innovation and commercialization. Despite ongoing consolidation, major corporations and research institutes continue to push the boundaries of hydrogen storage technology. This dynamic environment reflects the industry’s transition from early-stage R&D to scalable commercial solutions.

Prominent market participants include:

Cummins Inc. – Offers diesel and natural gas generators, along with emission control and power generation systems.
Steelhead Composites, INC. – Specializes in lightweight, high-strength cylinders for hydrogen storage and other energy solutions.
Air Products Inc., Chart Industries, Plug Power, Inc., Worthington Industries, FuelCell Energy Inc., and Bloom Energy Corp. are also key contributors to this evolving market.
Bloom Energy Corp. stands out for its deployment of solid oxide fuel cells that generate electricity using green hydrogen without combustion, delivering reliable and clean power.

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Conclusion

The U.S. hydrogen energy storage market is poised for steady growth through 2030, driven by increasing industrial demand, supportive government initiatives, and continuous technological advancements. As industries continue transitioning towards low-emission and sustainable operations, hydrogen is emerging as a vital enabler of clean energy solutions. The growing collaboration between public agencies and private companies is expected to accelerate infrastructure development, making hydrogen a key component of the country’s renewable energy strategy.