Market Research Report Analysis

  The global veterinary software market size was estimated at USD 1.43 billion in 2024 and is projected to reach USD 3.01 billion by 2030, growing at a CAGR of 13.2% from 2025 to 2030. Market growth is largely driven by the rising adoption of integrated veterinary software systems, increasing use of artificial intelligence (AI) and telehealth platforms, and the growing prevalence of animal diseases, all of which are contributing to higher veterinary patient volumes. As digital transformation accelerates across veterinary practices, clinics are steadily shifting away from manual, paper-based documentation and moving toward comprehensive software solutions that enhance efficiency and clinical productivity. This transition enables practices to streamline administrative tasks, improve record accuracy, and ultimately elevate the quality of patient care provided. Veterinary clinics are increasingly seeking software platforms that can seamlessly integrate with a variety of ...

  The global veterinary imaging market size was valued at USD 2.09 billion in 2024 and is projected to reach USD 3.87 billion by 2033, reflecting a steady growth trajectory at a CAGR of 7.17% from 2025 to 2033. This expansion is primarily driven by the rising incidence of zoonotic diseases, the growing global pet population, increased adoption of pet insurance, and rapid advancements in imaging technologies. One of the most transformative developments has been the integration of Artificial Intelligence (AI) into veterinary radiology, enabling automated image interpretation, faster data processing, and secure cloud-based uploads of diagnostic scans. The adoption of AI-based tools represents a significant advancement in improving diagnostic accuracy and efficiency in veterinary practices. For example, in April 2024, MiReye Imaging introduced an innovative line of AI-enabled veterinary X-ray machines designed to enhance disease detection in animals. The market maintains...

  The global vehicle electrification market size was estimated at USD 89.26 billion in 2022 and is projected to reach USD 187.13 billion by 2030, growing at a CAGR of 9.9% from 2023 to 2030. Growth in this market is primarily driven by the automotive industry's increasing shift toward alternatives to petroleum-based fuels, as well as strong government support for environmentally sustainable transportation solutions worldwide. Various national governments are rolling out green mobility initiatives, and environmental agencies are imposing stringent emission reduction targets, encouraging the adoption of electric and electrified vehicles. At the same time, a rising number of environmentally conscious consumers are opting for electric vehicles to reduce their personal carbon footprint, further reinforcing market demand. Vehicle electrification offers numerous benefits including lower vehicle weight, reduced emissions, improved fuel economy, enhanced driving comfort, and ...

  The global variable frequency drive (VFD) market size was valued at USD 28.38 billion in 2024 and is projected to reach USD 39.67 billion by 2030, growing at a CAGR of 5.9% from 2025 to 2030. Market expansion is strongly supported by the increasing penetration of connected and smart devices across commercial, industrial, and residential environments. The growing demand for VFDs is largely driven by the advantages they offer such as dynamic torque control, improved energy savings, and precise adjustable speed making them critical components in industries like oil & gas, automotive, and power generation. As these industries continue to deploy more advanced machinery and automation systems, the adoption of VFDs is expected to increase significantly. Additionally, growing investments in infrastructure development worldwide are contributing to heightened demand for heating, ventilation, and air conditioning (HVAC) systems. These systems rely heavily on VFDs to enhan...

  The global urinalysis market size was estimated at USD 4.37 billion in 2024 and is projected to reach USD 6.85 billion by 2030, growing at a CAGR of 7.83% from 2025 to 2030. Market growth is being driven by the increasing prevalence of health conditions such as Urinary Tract Infections (UTIs), diabetes, and kidney diseases, all of which require frequent and accurate diagnostic testing. For instance, according to the National Diabetes Statistics Report (2024), an estimated 38.0 million individuals in the U.S. representing 11.6% of the population were living with diabetes, and notably, about 8.7 million adults were unaware of their condition. Globally, the WHO reported in November 2024 that the number of people living with diabetes has exceeded 800 million, highlighting the growing clinical need for continuous monitoring and early detection. A collaborative study conducted by the NCD Risk Factor Collaboration and the WHO found that adult diabetes prevalence has doubl...

  The global unsaturated polyester resin market size was valued at USD 12.2 billion in 2022 and is projected to reach USD 20.9 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030. Growth is supported by recent advancements in the construction sector and increased usage of tanks and pipes, which are fueling demand for isophthalic compounds, especially due to their superior performance in structural and industrial applications. Additionally, the rising preference for environmentally friendly and energy-efficient products is positively influencing market demand, as industries increasingly seek materials that align with sustainability targets. Unsaturated polyester resins are extensively adopted for glass fiber reinforced plastics (FRP), a material known for its high strength-to-weight ratio and versatility. Their strong physical and chemical characteristics including excellent tensile, impact, and bonding strength, along with notable corrosion and heat resist...