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North America Is Dominating Contrast Media Market In 2022, the contrast media market was worth around USD 5,231.4 million, and it is projected to advance at a 4.9% CAGR from 2022 to 2030, hitting USD 7,647.7 million by 2030, according to P&S Intelligence. Diagnostic imaging procedures, such as ultrasound, X-ray, and pioneering modalities, including CT and MRI are turning progressively common with the growing occurrence of intricate comorbidities and chronic illnesses. Furthermore, such modalities are gradually improving and becoming more exact to diagnose these circumstances, and contrast media is a main product that improves image quality. The occurrence of chronic conditions has surged over the years because of the increasing deskbound lifestyles of individuals. Furthermore, there has been a substantial intake of high-calorie foods and insufficient physical activity, which are ultimately contributing to the growth of chronic diseases. Key players in the market have a ton of opportunities because of surging R&D events in novel contrast agents and the making of innovative applications for them. For example, to change the frequently-used gadolinium-based imaging agents, Gang Han, PHD., professor of molecular pharmacology and biochemistry, has got seed capital from the UMass Technology Development Fund to examine a safer, novel biogenic family of contrast agents for magnetic resonance imaging. In 2022, based on modality, the X-ray/CT category held the largest contrast media market share, at approximately 50%. This can be ascribed to the growth in the frequency of communicable and non-communicable diseases in the past few years. As per the study, there has been a noteworthy increase in the count of CT scans during the COVID-19 pandemic. In 2022, based on application, cardiovascular disorders held the largest market share, of around 40%, credited to the increasing number of elder populations. According to a study conducted by the WHO, the major cause of demise globally is cardiovascular diseases, which claim 17.9 million lives yearly. Additionally, the pace at which the aging populace is increasing is significantly higher than in the past. In 2022, according to the regional analysis, North America held the largest market share, at approximately 45%. The count of inpatient check-ups in the continent is growing, credited to the deep-rooted healthcare amenities, complete disease screening programs introduced by provincial, federal, and state governments, easy access to leading-edge technology, and rising requirements for improved management of the present diseases. Additionally, the existence of the key players in the continent is a vital contributing factor to the market development. Hence, the contrast media industry is growing because of the increasing volume of diagnostic imaging tests for all types of diseases, and is also projected to grow more in the future. Read More: https://www.psmarketresearch.com/market-analysis/contrast-media-market

North America Is Dominating SCADA Market The total value of the global SCADA market was USD 9,600 million in 2022, and it will rise at a growth rate of above 7.4% shortly, reaching USD 16,994 million by 2030, according to P&S Intelligence. This growth can be credited to the high acceptance of Industry 4.0 solutions utilizing SCADA devices, the rising usage of software platforms including artificial intelligence and the Internet of Things, the growing requirement for industrial mobility solutions for better procedure management, and the growing advancements in wireless sensor networks (WSNs). Artificial intelligence and the Internet of Things have enhanced the processes of numerous sectors. On the basis of different world statistics, the count of devices linked to IoT networks is quickly growing. Through the usage of SCADA arrangements, the IoT is altering manufacturing facilities by joining a huge network of smart systems. IoT and AI-based arrangements allow industries to control and screen their developments and applications, precisely forecast machine failure, and attain quicker response times, thus growing effectiveness and reducing operational prices. Furthermore, by utilizing IoT and AI, information is gathered, analyzed, and utilized for rising predictive models, which can help in making work well-organized and lead to augmented incomes for a company. In order to modernize plant processes, IoT and AI-based SCADA platforms streamline data transmission and study. The surge in the rise of Industry 4.0 for both process industries and manufacturing industries quickens industry development. They utilize such facilities as part of their digitalization strategies. Because of their high level of technology adoption, industries are witnessing a high requirement to update the present SCADA system. Therefore, the need for these systems has been growing, mainly because of the digitization of manufacturing processes via the usage of sensors and data devices. In the coming few years, the hardware category is projected to advance at the highest development rate, of approximately 7.8%. This can be credited to the high requirement for components such as RTU, HMI, and PLC in industrial processes and mechanization solutions to attain the targets of scalability, efficiency, and growth in the manufacturing sector. Furthermore, progressive hardware advances the performance of systems, accountable for process mechanization, and delivers valued data. Therefore, the industry’s key players employed technologies for the growth of HMI and progressive PLCs, which can work with diverse SCADA solutions. In recent years, North America held the major revenue share in the worldwide SCADA market. This is mainly because of the steady energy management of SCADA, huge expenditure on technologies, the increasing industrial sector, and the rising acceptance of automation technology. Hence, the high acceptance of Industry 4.0 solutions utilizing SCADA devices, the rising usage of software platforms including artificial intelligence and the Internet of Things, and the growing requirement for industrial mobility solutions for better procedure management are the major factors propelling the SCADA market. Read More: https://www.psmarketresearch.com/market-analysis/scada-market

How Is High Flexible Electronics Demand Boosting Printed Electronics Market Growth? Factors such as the burgeoning demand for flexible electronics and increasing organic light-emitting diode (OLED) production through inkjet printing technology will drive the printed electronics market at a CAGR of 22.4% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $35.7 billion in 2019 and it is projected to generate $363.1 billion revenue by 2030. In recent years, the increasing shift from conventional to digital printing has become a key market trend. The accelerating demand for flexible electronics is a prominent growth driver for the market across the world. Integrated circuits (ICs) are deployed on flexible substrates, such as metal or plastic, of electronics to convert them into flexible electronics. The integration of ICs on flexible substrates does not impact the function of such electronics. For instance, in June 2019, E Ink Holdings Inc. collaborated with Plastic Logic HK to use organic field-effect transistor (OTFT) technology for producing flexible electronic paper displays for wearables. Nowadays, the surging preference for digital printing over conventional printing, primarily on account of the growing environmental concerns, has become a prominent trend in the printed electronics market. Conventional printing involves the usage of volatile organic compound (VOC)-based products, such as chromium, lead, mercury, cadmium, paint strippers, and aerosol sprays, which massively contribute to the escalating water and soil pollution levels. Whereas, digital printing is highly eco-friendly, as it includes the use of less harmful chemicals and mild solvents, as compared to the ones used in conventional printing technologies, such as solid ink printing and offset printing. At present, the printed electronics market is extensively competitive, due to the presence of a large number of regional and global players worldwide. The leading players in the market, such as Ynvisible Interactive Inc., E Ink Holdings Inc., Thin Film Electronics ASA, NovaCentrix Corp., Agfa-Gevaert N.V., Nissha Co. Ltd., BASF SE, Xerox Corporation, and DuPont de Nemours Inc. are currently focusing on partnerships and mergers and acquisitions to expand their geographical presence. The component segment of the printed electronics market is bifurcated into printer and material. Of these, the printer category generated the higher revenue in 2019, due to the mushrooming demand for inkjet and screen printers for photovoltaic (PV) and display applications in countries such as China, Germany, Brazil, the U.A.E., and the U.S. Whereas, the material category is expected to demonstrate the faster growth during the forecast period, due to the increasing use of inks and substrates in the fabrication of printed electronic circuits, which are being increasingly used in PV cells, displays, and RFID tags. Geographically, Asia-Pacific (APAC) accounted for the largest share in the printed electronics market in 2019, and it is also expected to witness the fastest growth throughout the forecast period. This is attributed to the burgeoning demand for robust and flexible substrates for printed electronic circuits and rising penetration of the internet of things (IoT) technology in the region. Additionally, the low manufacturing cost and continuous developments in digital printing technology will also facilitate the market growth in the region in the coming years. Therefore, the mounting demand for flexible electronics and rising preference for digital printing will augment the market growth in the forthcoming years. Read More: https://www.psmarketresearch.com/market-analysis/printed-electronics-market