PMR Blog

  Low-Code Application Development Platform Market Outlook The global  low-code application development platform (LCADP) market  is experiencing unprecedented growth, driven by the accelerating pace of digital transformation across industries. With businsses seeking agile, cost-effective solutions to meet the demands of modern software development, low-code platforms have emerged as a pivotal enabler of innovation and efficiency. Market Overview Global low-code application development platform market size was valued at USD 9.61 billion in 2023. The market is anticipated to grow from USD 11.86 billion in 2024 to USD 64.95 billion by 2032, exhibiting the CAGR of 23.7% during the forecast period. These platforms empower organizations to develop applications with minimal hand-coding, utilizing visual interfaces and pre-built templates, thereby accelerating development cycles and reducing dependency on specialized coding expertise. Low-code platforms allow enterprises to ...

   Veterinary Active Pharmaceutical Ingredients Manufacturing Market Outlook The global  veterinary active pharmaceutical ingredients (API) manufacturing market  is experiencing significant growth, driven by advancements in animal health, increasing demand for high-quality veterinary medicines, and the rising adoption of contract manufacturing services. This growth trajectory underscores the critical role of veterinary APIs in modern animal healthcare and pharmaceutical industries. Market Overview Global veterinary active pharmaceutical ingredients manufacturing market size was valued at USD 7.86 billion in 2023. The market is anticipated to grow from USD 8.41 billion in 2024 to USD 14.63 billion by 2032, exhibiting a CAGR of 7.2% during the forecast period. This expansion is fueled by the increasing demand for high-quality veterinary medicines, advancements in pharmaceutical technologies, and the rising adoption of contract manufacturing services. Veterinary APIs ar...

   SiC Wafer Polishing Market Outlook The global silicon carbide  (SiC) wafer polishing market  is experiencing significant growth, driven by the increasing demand for high-performance power devices, advancements in semiconductor technologies, and the rising adoption of electric vehicles (EVs). This growth trajectory underscores the critical role of SiC wafers in modern electronics and energy systems. Market Overview The global sic wafer polishing market was valued at USD 0.36 billion in 2022 and is expected to grow at a CAGR of 38.1% during the forecast period. This expansion is fueled by the superior properties of SiC, such as high thermal conductivity, low thermal expansion, and high breakdown electric field, making it ideal for power electronics, RF components, and LED applications. SiC-based devices are crucial for high-performance applications, including power conversion, electric mobility, and renewable energy systems, further driving demand for high-qual...

  Domestic Tourism Market Outlook The  domestic tourism market  sector is experiencing a remarkable resurgence, driven by economic recovery, evolving consumer preferences, and strategic investments in infrastructure. This growth trajectory is not only revitalizing local economies but also reshaping the landscape of travel and tourism. Market Overview The global domestic tourism market was valued at USD 1,670.34 billion in 2022 and is expected to grow at a CAGR of 16.9% during the forecast period. Domestic travel is defined as travel within a single country. Domestic travelers are people who travel to a nearby state. Due to its impact on local expenditure, domestic travel is essential to the domestic economy. This raises the local government's financial resources, which it may employ to modernize the community's services and infrastructure while also enhancing the quality of life for its residents. Considering how Covid-19 has impacted peoples' employment and financia...

   Population Screening Market Outlook The global  population screening market  is on an upward trajectory, driven by rapid technological innovations, a growing burden of chronic diseases, and increasing public consciousness surrounding preventive healthcare. This dynamic market encompasses a range of screening programs—genetic testing, cancer detection, and newborn screenings—that serve as the frontline in early disease identification and intervention. Market Overview The global population screening market is projected to reach approximately USD 43.87 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2032. The industry has been witnessing a surge in demand as governments and healthcare providers emphasize early disease detection and public health improvements. Screening plays a pivotal role in reducing the incidence and mortality of diseases by enabling timely diagnosis and management, making it a cornerstone of modern healthcar...

  Buccal Fat Removal Market Outlook The global  buccal fat removal market  was valued at USD 97.44 million in 2022 and is expected to grow at a CAGR of 6.4% during the forecast period. This surge is primarily attributed to the rising demand for facial contouring procedures, influenced by aesthetic trends and the pervasive impact of social media. Market Overview Buccal fat removal, also known as buccal fat pad excision, is a cosmetic surgical procedure aimed at reducing the buccal fat pads in the cheeks to achieve a more sculpted facial appearance. Typically performed under local anesthesia, the procedure involves making an incision inside the mouth near the upper molars to access and remove the fat pads. The recovery time is relatively short, contributing to its appeal among individuals seeking facial enhancement without extensive downtime. Key Market Growth Drivers 1.  Influence of Social Media and Celebrity Culture The proliferation of social media platforms h...

  Telestroke Services Market Outlook The global  telestroke services market  is experiencing significant growth, driven by advancements in telemedicine, increasing stroke prevalence, and the need for timely neurological care. The global telestroke services market was valued at USD 1,443.21 million in 2022 and is expected to grow at a CAGR of 18.8% during the forecast period.  Market Overview Telestroke services utilize telecommunication technologies to provide remote consultation and diagnosis for stroke patients, enabling timely intervention and improving patient outcomes. These services are particularly beneficial in rural and underserved areas where access to specialized stroke care is limited. By connecting local healthcare providers with neurologists and stroke specialists, telestroke services facilitate rapid decision-making and treatment initiation, crucial in the time-sensitive management of strokes. Key Market Growth Drivers 1.  Rising Stroke Incid...