The global microcatheters market is growing productively, was valued at US$ 592.4 Mn in 2018 and expected to reach US$ 904.1 Mn by 2027. Globally increasing minimally invasive surgical procedures, the high prevalence of cardiovascular disorders (majorly cardiac arrhythmia, congestive heart failure, and cardiac arrest), kidney disorders and urology disorders has significantly increased the market share in the recent years. Partnerships along with new product launches in the cardiovascular, urology and neurovascular indication segment are driving the growth in the emerging nations on a global scale.
The Micro LED market worldwide is expected to grow with a CAGR of 81.9% during the forecast period from 2019 to 2027, starting from US$ 0.58 Bn in 2018. A developing flat display technology is called a micro-LED display, which provides invincible contrasts as well as supreme energy efficiency via microscopic LED arrays. It operates on the gallium nitride principle, which delivers extraordinary brightness, even more than an OLED display. Micro-LED display provides 30 times higher brightness and invincible efficiency than conventional OLED displays.
The global meniscus repair systems market is developing competently, expected to grow at a CAGR of 7.6%. Globally, increasing number of meniscal allograft transplant and repair procedures will drive the overall market growth. Increasing awareness about advanced medical technology along with rising hospital admissions for osteoarthritis will further spur revenue growth. Additionally, launch of integrated repair solutions for all-inside meniscal repair, outside/in or inside out meniscal repair, root repair techniques and other advanced applications are major key factors driving the growth of the meniscus repair systems market on a global scale.
Globally, the mega data center market is expected to grow with a CAGR of 5.1% during the forecast period from 2019 to 2027, starting from US$ 18.95 Bn in 2018. Globally, the information communication technology industry is going through a major transformation. Growing digital demand and virtualization is generating large amount of data which needs effective data storage and processing techniques. Emergence of new and progressive technologies are enabling the shift from traditional data storage techniques to far more advanced versions of storage and processing facilities.
Globally, the medical recruitment market is expected to grow with a CAGR of 4.5% during the forecast period from 2019 to 2027. The increasing shortage of the healthcare professionals across the healthcare industry is augmenting the demand for the medical recruitment services. The growing demand for the healthcare services across the globe due to increasing prevalence of the chronic diseases is giving rise to the requirement of the healthcare professionals.
The global medical imaging equipment market is increasing competently, projected to grow at a CAGR of 4.9%. Worldwide, increasing diagnostic procedures along with has significantly increased the demand. Inventive product launches in the cardiology, neurology and orthopedics industry, high pool of patients with abundant lifestyle conditions are key factors driving the overall growth of medical imaging equipment market globally.
The global meat processing equipment market is growing competently, projected to grow at a CAGR of 6.9% during the expected period from 2019 to 2027, starting from US$ 9.81 Bn in 2018. In terms of value, the grinding equipment is estimated to dominate the market for meat processing equipment in 2019. Additionally, wide-scale practice of grinding equipment for grinding fragmented pieces of tenderized meat into smaller pieces will expand the market growth.
Globally, the master recharge API market is expected to grow with a CAGR of 4.8% during the forecast period from 2019 to 2027, started from US$ 10.82 bn in 2018. The market is driven by the increasing adoption of the online Payment and mobile payment solution across the globe. As the information availability is increasing and the customers are becoming empowered, the financial institutes are leveraging on the online banking channels to meet the customers on their choice of channels.
Globally, the master data management market is expected to grow with a CAGR of 17.5% during the forecast period from 2019 to 2027, starting from US$ 9.28 Bn in 2018. The market is driven by the growing need among the organizations to manage their master data more effectively. Master data is defined as the critical and confidential data for enterprises generally related to the customers, suppliers, financials, and products. As the digitalization across the enterprises is increasing very rapidly and the sources of data generation are also growing in abundance, the enterprises are finding it difficult to cop up with this explosion of data with their traditional data management system.
Globally, the mass notification systems market is expected to grow with a CAGR of 19.2% during the forecast period from 2019 to 2027, starting from US$6.50 Bn in 2018. Mass notification systems are the tools with an updated database of names, contact numbers, email addresses and other information. These tools are used to send messages to the employees in case of any emergencies. These tools are largely used by public organizations such as police and fire departments, local and state governments, emergency management sectors, and many such companies that need to provide prompt responses.
Marine engines market accounted for the market value of US$ 11.70 Bn in 2018 and expected to grow with CAGR of 3.09% during the forecast period from 2019 to 2027. Shifts in global demographics and population growth rates, coupled with long-term economic growth in developing markets, expected to surge the maritime sector in following years. Growing middle class population in emerging economies of Asia Pacific, Africa, and Latin America regions further expected to drive the demand for imports of commodities and finished goods.
Surge in marine trade among countries of the world and increasing investment in marine electronics technology by major players of the market is driving the global marine electronics market. Similar to the U.S. and Indonesia, many countries of world have made installation of automatic identification system (AIS) chips on vessels mandatory. Beyond this, there is increase in number of tourists preferring coastal areas and cruise ships & ferries.
Globally, the manufacturing operation management software market is expected to grow with a CAGR of 9.3% during the forecast period from 2019 to 2027. The market is driven by the growing adoption of the paperless technologies across the manufacturing sector. The paperless technologies are referred to the use of software technologies across the industry sectors to keep track of the production process and enhance operational efficiency.
Globally, the managed printing services (MPS) market is expected to grow with a CAGR of 10.5% during the forecast period from 2019 to 2027, starting from US$ 30.25 bn in 2018. The market is propelled by the growing digitalization among the organizations. As the competition among the market players is rising, the organizations are looking for ways to optimize the operational processes and flexibility to meet the customized requirements.
Globally, the magnetic sensors market is expected to grow with a CAGR of 7.0% during the forecast period from 2019 to 2027, starting from US$2.2 Bn in 2018. Magnetic sensors are defined as small-scale system services that are used for detection of changes in the magnetic field. Increasing adoption of new and advance technologies in the automotive sector is expected to fuel the market, as magnetic sensors are used for measuring speed detection, proximity switching, positioning, and current sensing applications.
The magnetic ink character recognition (MICR) devices market worldwide is expected to grow with a CAGR of 2.5% during the forecast period from 2019 to 2027, starting from US$ 557.0 Mn in 2018. Increasing demand for a fast and safe document processing technology has forced the companies to develop an advanced MICR device. A magnetic ink character recognition (MICR) device is deployed to validate the originality of a document, specifically checks.
Constipation is a very common condition across the world both in adults and children and it impacts the physical and emotional well-being considerably. In adults, the frequency of constipation differs from 2.5% to 79% whereas; in children it is about 0.7% to 29.6%. It has been found that constipation becomes more frequent after the age of 60 years.
Globally, the machine tool touch probe market is expected to grow with a CAGR of 3.8% during the forecast period from 2019 to 2027, starting from $550.3 Mn in 2018. The touch probes are used to measure the dimensions of work piece in a machine tool, and are connected to the sensors that enables safe operations of the machines in industrial setting. This increases the safety of the machines, thus, drives the usage of machine tool touch probe for numerous operations, and thus, increases its market size.
Globally, the machine mounts market is expected to grow with a CAGR of 6.8% during the forecast period from 2019 to 2027 and is expected to record a market value of US$ 2.56 Bn by 2027. Machine Mounts are defined as an attachment for a machine, which is made up of rubber or metal are usually, attached on the bottom of the machine with the help of bolts. These are used to absorb vibration.
The machine learning as a service market worldwide is estimated to grow with a CAGR of 35.4% throughout the forecast period from 2019 to 2027, starting from US$ 1,117.9 Mn in 2018. Growing cloud-based technologies need to understand consumer behavior and rising technological advancements are the major factors driving the market growth. Massive technological disruptions along with digitization is another factor driving the market growth. Wide industrial applications of MLaaS is one of major reasons for the market growth.