The annual population growth in the United States increased by 0.1 percentage points (+27.03 percent) in 2023. In total, the population growth amounted to 0.49 percent in 2023. Annual population growth refers to the change in the population over time, and is affected by factors such as fertility, mortality, and migration.Find more key insights for the annual population growth in countries like Mexico and Canada.

This graph shows population projections for the United States of America. The estimated population of the USA in 2050 is 398 million residents. Population The U.S. Census Bureau presents annual projections for the growth of the U.S. population up to the year 2060. By 2050, it is estimated that the American population will surpass 398 million citizens. The U.S. census also projects a regressing annual growth rate, starting at 0.8 percent in 2015 and decreasing to 0.46 percent by 2060.

The UN population division publishes population projections for the entire world up to the year 2100. The United Nations also projects a regressing annual growth rate of the world population. Between 2015 and 2020, the population is expected to increase by 1.04 percent annually. Around 2060, the annual growth rate will have decreased to 0.34 percent.

In the past four centuries, the population of the United States has grown from a recorded 350 people around the Jamestown colony of Virginia in 1610, to an estimated 331 million people in 2020. The pre-colonization populations of the indigenous peoples of the Americas have proven difficult for historians to estimate, as their numbers decreased rapidly following the introduction of European diseases (namely smallpox, plague and influenza). Native Americans were also omitted from most censuses conducted before the twentieth century, therefore the actual population of what we now know as the United States would have been much higher than the official census data from before 1800, but it is unclear by how much. Population growth in the colonies throughout the eighteenth century has primarily been attributed to migration from the British Isles and the Transatlantic slave trade; however it is also difficult to assert the ethnic-makeup of the population in these years as accurate migration records were not kept until after the 1820s, at which point the importation of slaves had also been illegalized. Nineteenth century In the year 1800, it is estimated that the population across the present-day United States was around six million people, with the population in the 16 admitted states numbering at 5.3 million. Migration to the United States began to happen on a large scale in the mid-nineteenth century, with the first major waves coming from Ireland, Britain and Germany. In some aspects, this wave of mass migration balanced out the demographic impacts of the American Civil War, which was the deadliest war in U.S. history with approximately 620 thousand fatalities between 1861 and 1865. The civil war also resulted in the emancipation of around four million slaves across the south; many of whose ancestors would take part in the Great Northern Migration in the early 1900s, which saw around six million black Americans migrate away from the south in one of the largest demographic shifts in U.S. history. By the end of the nineteenth century, improvements in transport technology and increasing economic opportunities saw migration to the United States increase further, particularly from southern and Eastern Europe, and in the first decade of the 1900s the number of migrants to the U.S. exceeded one million people in some years. Twentieth and twenty-first century The U.S. population has grown steadily throughout the past 120 years, reaching one hundred million in the 1910s, two hundred million in the 1960s, and three hundred million in 2007. In the past century, the U.S. established itself as a global superpower, with the world's largest economy (by nominal GDP) and most powerful military. Involvement in foreign wars has resulted in over 620,000 further U.S. fatalities since the Civil War, and migration fell drastically during the World Wars and Great Depression; however the population continuously grew in these years as the total fertility rate remained above two births per woman, and life expectancy increased (except during the Spanish Flu pandemic of 1918).

Since the Second World War, Latin America has replaced Europe as the most common point of origin for migrants, with Hispanic populations growing rapidly across the south and border states. Because of this, the proportion of non-Hispanic whites, which has been the most dominant ethnicity in the U.S. since records began, has dropped more rapidly in recent decades. Ethnic minorities also have a much higher birth rate than non-Hispanic whites, further contributing to this decline, and the share of non-Hispanic whites is expected to fall below fifty percent of the U.S. population by the mid-2000s. In 2020, the United States has the third-largest population in the world (after China and India), and the population is expected to reach four hundred million in the 2050s.

Employment Rate in the United States decreased to 59.90 percent in February from 60.10 percent in January of 2025. This dataset provides - United States Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to Cognitive Market Research, The Wellness Supplement Market will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031. The Asia Pacific held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2024 to 2031. The North American region is the fastest-growing market with a CAGR of XX% from 2024 to 2031 and it is projected that it will grow at a CAGR of XX% in the future. Europe accounted for a market share of over XX% of the global revenue with a market size of USD XX million. Latin America had a market share for more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031. Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031. The Wellness Supplement Market held the highest market revenue share in 2024.

Market Dynamics of The Wellness Supplement Market

Key Drivers for The Wellness Supplement Market

The increasing aging population drives the market growth of wellness supplements.

The market for wellness supplements is anticipated to rise in the future due to an aging population. The term "aging population" refers to people who are elderly, usually 65 years of age and above, and who have particular healthcare needs related to aging. The use of wellness supplements is essential in improving the health and vitality of the aging population since they offer specific nutritional assistance. This increases the risk of vitamin, mineral, protein, and other nutritional deficiencies in the elderly. Dietary supplements can assist older people retain their best health and quality of life by addressing vitamin shortages. To treat certain age-related health concerns, a large number of older persons frequently take supplements such as calcium, vitamin D, omega-3 fatty acids, probiotics, collagen peptides, etc. For instance, in May 2021, according to a report by the Administration for Community Living (ACL), a US-based entity and part of the United States Department of Health and Human Services, there was a 36% increase in the population aged 65 and older. The figures rose from 39.6 million in 2009 to 54.1 million in 2019 and are projected to reach 94.7 million by 2060. The older demographic is expected to surpass 80.8 million by 2040, more than doubling the figures from 2000 and constituting 21.6% of the total population, compared to 16% in 2019. Therefore, the increasing aging population is driving the growth of the wellness supplements market. Source:(https://acl.gov/sites/default/files/Profile%20of%20OA/2021%20Profile%20of%20OA/2021ProfileOlderAmericans_508.pdf) Thus the increasing ageing population is driving market growth for wellness supplements. As individuals age, they become more susceptible to nutrient deficiencies and specific health concerns, making supplements essential for maintaining optimal health and vitality in later years.

Increasing demand for a healthy lifestyle fuels the market growth of wellness supplements.

The growing popularity of healthy lifestyles is the main factor driving the growth of the wellness supplement market. People are becoming more aware of their health and looking for ways to enhance their general well-being; as a convenient and affordable option, wellness supplements support their healthy lifestyles. Immune function and prophylactics are especially important in light of the COVID-19 pandemic. Supplements that assist the immune system are becoming more popular as consumers actively look for ways to strengthen their defenses. For instance, supplements, including vitamins C, D, zinc, and probiotics, have gained popularity. According to the Council for Responsible Nutrition (CRN), 43% of supplement consumers in the United States will purchase immune health supplements in 2020. Furthermore, seniors are increasingly adopting healthy lifestyle behaviors, such as using wellness supplements to enhance their health. The World Health Organization (WHO) predicts that the worldwide population of 60 and over will reach 2 billion by 2050. Source:(ht...

According to Cognitive Market Research, The Cystic Fibrosis Treatment Market will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031. North America held the major market share for more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX % from 2024 to 2031. The Europe region is the fastest-growing market with a CAGR of XX% from 2024 to 2031 and is projected to grow at a CAGR of XX% in the future. Asia Pacific accounted for a market share of over XX% of the global revenue with a USD XX million market size. Latin America had a market share for more than XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031. Middle East and Africa had a market share of around XX% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031. The Cystic Fibrosis Treatment Market held the highest market revenue share in 2024. Market Dynamics of the Cystic Fibrosis Treatment Market

Key Drivers for The Cystic Fibrosis Treatment Market

The increasing prevalence of cystic fibrosis propels the growth of the cystic fibrosis treatment market.

The increasing incidence of cystic fibrosis in the population propel the market growth. Cystic fibrosis (CF) is a chronic disease caused by mutations in the CFTR gene, which provides instructions to make a protein that channels salts across cell membranes. The increasing number of patient suffering from cystic fibrosis creates the demand for cystic fibrosis treatment and thereby driving the growth of the market. For instance, in June 2024 as per American Lung Association estimates, there are about 30,000 people with cystic fibrosis in the United States and approximately 70,000 people worldwide. Approximately 1 in 30 Americans is a carrier. Source:(https://www.lung.org/lung-health-diseases/lung-disease-lookup/cystic-fibrosis/learn-about-cystic-fibrosis#:~:text=People%20with%20this%20condition%20produce,30%20Americans%20is%20a%20carrier.) For instance, in July 2022 the CF Foundation announced that the population of people with cystic fibrosis has increased over the past decade, according to a new estimate. Close to 40,000 children and adults are living with cystic fibrosis in the United States and a total estimated 105,000 people have been diagnosed with CF across 94 countries. The CF population was last estimated in 2012 to be more than 30,000 people in the U.S. and 70,000 globally. Source:(https://www.cff.org/news/2022-07/cf-foundation-estimates-increase-cf-population) Therefore, an increasing number of patients suffering from cystic fibrosis is driving the growth of the cystic fibrosis treatment market.

An increase in R&D funding by private and public organizations propel the market growth of the cystic fibrosis treatment market.

Increased research and development (R&D) funding from both private and public organizations has propelled growth in the cystic fibrosis treatment market. This surge in funding has enabled accelerated innovation in therapies aimed at managing and potentially curing CF. With more resources allocated to R&D, pharmaceutical companies and research institutions can conduct extensive clinical trials, develop novel drug formulations, and explore gene therapy approaches tailored to CF patients. Furthermore, enhanced funding supports the expansion of infrastructure for diagnosis, treatment, and patient care, fostering a more robust ecosystem for CF management. Ultimately, these investments contribute to the discovery of more effective treatments and improved outcomes for individuals living with cystic fibrosis. For instance, the Cystic Fibrosis Foundation is the world's leader in the fight against CF. The CF Foundation spent a total of $218.1 million on research and development as well as the CF Foundation Therapeutics Lab in 2020. Source:(https://www.cff.org/research-clinical-trials/research-we-fund) For instance, in November 2022, Danaher Corporation, a global science and technology developer, announced the formation of the first Danaher Beacon for Gene Therapy Innovation in collaboration with Duke University. Danaher Beacons is a new effort aimed at gainin...

In the middle of 2023, about 60 percent of the global population was living in Asia.The total world population amounted to 8.1 billion people on the planet. In other words 4.7 billion people were living in Asia as of 2023. Global populationDue to medical advances, better living conditions and the increase of agricultural productivity, the world population increased rapidly over the past century, and is expected to continue to grow. After reaching eight billion in 2023, the global population is estimated to pass 10 billion by 2060. Africa expected to drive population increase Most of the future population increase is expected to happen in Africa. The countries with the highest population growth rate in 2024 were mostly African countries. While around 1.47 billion people live on the continent as of 2024, this is forecast to grow to 3.9 billion by 2100. This is underlined by the fact that most of the countries wit the highest population growth rate are found in Africa. The growing population, in combination with climate change, puts increasing pressure on the world's resources.

Chart and table of the U.S. birth rate from 1950 to 2025. United Nations projections are also included through the year 2100.

According to Cognitive Market Research, the global Dicalcium Phosphate market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

The global Dicalcium Phosphate market will expand significantly by XX% CAGR between 2024 to 2031.
North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The dicalcium phosphate segment is set to rise due to its several uses in fertilisers and is widely applied in the agriculture industry. Dicalcium phosphate provides essential plant nutrients like calcium and phosphorus. 
The dicalcium phosphate market is driven by increase in the frequency of bone disorders, and increasing geriatric population.
Phosphoric Acid held the highest Dicalcium Phosphate market revenue share in 2023.

Market dynamics of Dicalcium Phosphate:

Key drivers of the Dicalcium Phosphate Market

Increase in the Frequency of Bone Disorders will drive the market for Dicalcium Phosphate-

Bone illnesses can be caused by a wide range of variables, including hereditary, environmental, lifestyle, and medical factors. Increased alcohol use, a lack of physical activity, and the adoption of altered lifestyles are some of the factors contributing to the growth in bone illnesses in recent years. The most common bone condition affecting people is osteoporosis, which poses a serious threat to public health. 200 million people worldwide are thought to suffer from osteoporosis. Every year, osteoporosis results in over two million fractures, and the figure is rising. The National Center for Biotechnology Information indicates that 30% of women in both Europe and the US have osteoporosis symptoms. Similarly, estimates suggest that 30% of males and 40% of post-menopausal women may get an osteoporotic fracture throughout their remaining years of life. Source-http://https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5335887/

Dicalcium phosphate is a substance that is essential to the growth and development of bones because it contains both calcium and phosphate ions. It is frequently used in the form of dietary supplements to aid with these procedures. Consequently, it is anticipated that the growing incidence of bone disorders will propel the expansion of the global dicalcium phosphate market.

Increasing Geriatric Population will lead to an increased demand in the Dicalcium Phosphate Market-

The world's ageing population is expanding quickly as a result of both the astonishing rise in life expectancy and the ease of access to medical advancements. In 2020, there were 727 million persons over 65, according to a research published by the population division of the United Nations Department of Economic and Social Affairs. Additionally, the study predicted that by 2050, there will be 1.5 billion of them.

In addition, a number of age-related health issues affect the growing elderly population, the most prevalent of which is bone health. As people age, their chance of acquiring bone illnesses rises. For example, according to the National Center for Biotechnology Information, the general population has a prevalence rate of about 1% for rheumatoid arthritis (RA). But it is more common in people in their 50s and 60s, and it affects more women than males. Source- https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3240153/#:~:text=The%20prevalence%20of%20rheumatoid%20arthritis,populations%20from%20China%20and%20Japan.

As a result, the growing elderly population will contribute to an increase in bone disease, which will drive the growth of the global market.

Restraints of t...

According to Cognitive Market Research, the global Cefaclor market size is USD 162.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 65.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 48.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 37.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 8.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The DC Contactor Type held the highest Cefaclor market revenue share in 2024.

Market Dynamics of Cefaclor Market

Key Drivers for Cefaclor Market

Rise in Bacterial Infections to Increase the Demand Globally

The global rise in bacterial infections is a significant driver for the Cefaclor market. Population growth, urbanization, and increased travel are key factors contributing to the spread of bacterial diseases. In 2019, bacterial antimicrobial resistance (AMR) was directly responsible for 1.27 million deaths worldwide and contributed to 4.95 million deaths. Additionally, 7.7 million deaths were associated with infections caused by 33 types of bacteria, accounting for 1 in 8 of all global deaths. As an effective antibiotic, Cefaclor is in higher demand as healthcare providers seek to treat these widespread infections.

Increase in healthcare spending to Propel Market Growth

Increased healthcare spending, particularly in developing regions, enhances access to healthcare services and medications. In the U.S., health spending rose by 4.1% in 2022, reaching $4.4 trillion or $13,493 per capita. This growth rate mirrors pre-pandemic levels (4.1% in 2019). Health spending accounted for 17.3% of GDP in 2022, similar to pre-pandemic shares (17.5% in 2019), following higher percentages in 2020 (19.5%) and 2021 (18.2%). Investments from governments and private sectors in healthcare infrastructure have improved the availability and affordability of antibiotics, including Cefaclor.

Restraint Factor for the Cefaclor Market

High Development Costs to Limit the Sales

The research and development (R&D) costs for new antibiotics and improved formulations of existing ones, such as Cefaclor, are significant. Pharmaceutical companies must invest substantially in clinical trials, regulatory compliance, and marketing. These high costs can pose a barrier, especially for smaller companies, limiting the number of new entrants in the market. Although the availability of generic versions of Cefaclor can stimulate market growth, it also results in increased competition and price erosion. The influx of multiple generic manufacturers can reduce profitability for original producers and affect overall market dynamics.

Impact of Covid-19 on the Cefaclor Market

During the early stages of the COVID-19 pandemic, there was a surge in demand for antibiotics, including Cefaclor, as secondary bacterial infections often complicated viral cases. This heightened demand caused an initial spike in Cefaclor sales. However, healthcare systems worldwide shifted their focus to managing COVID-19, leading to the postponement of routine medical procedures and treatments. This shift in priorities temporarily reduced the prescription rates of antibiotics for non-Covid-related bacterial infections, decreasing the demand for Cefaclor. Additionally, the pandemic disrupted global supply chains, affecting the production and distribution of pharmaceuticals. Lockdowns, movement restrictions, and interruptions in manufacturing processes led to shortages of raw materials and finished products, posing significant challenges to maintaining a steady supply of Cefaclor. Introduction of the Cefaclor Market

Cefaclor, a second-generation cephalosporin antibiotic, is widely prescribed for various bacterial infections in...

According to Cognitive Market Research, the global Faucet Water Mixer market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Thermostatic Mixers Product Type category is the fastest growing segment of the Faucet Water Mixer industry

Market Dynamics of Faucet Water Mixer Market

Key Drivers for Faucet Water Mixer Market

Rising Demand for Home Renovations and Upgrades to Boost Market Growth

As consumers place a greater emphasis on home aesthetics and functionality, many are choosing to invest in renovations. Upgrading kitchen and bathroom fixtures, such as faucet water mixers, not only enhances the visual appeal of these spaces but also improves their utility. According to the 2022 U.S. Houzz & Home Study, home renovation activity and spending have reached their highest levels since 2018. In 2021, over half of homeowners (55%) undertook renovations, an increase from 53% in 2020 and 54% in both 2019 and 2018. Following a 15% increase in median renovation spending in 2020, homeowners reported an additional 20% rise in 2021, bringing the median spend to $18,000. Furthermore, rising disposable incomes in developing regions enable consumers to invest more in high-quality fixtures, contributing to the growing adoption of modern faucet water mixers.

Growing Urbanization to Drive Market Growth

As more individuals migrate to urban areas, the demand for modern housing and apartments continues to rise. These living spaces often require efficient plumbing systems, which increases the need for high-quality faucet water mixers. Globally, a growing percentage of the population now resides in cities. In 2012, 52.5% of people lived in urban areas, with this share projected to rise to 56.9% by 2022. Urban population rates are generally higher in developed regions (79.7% in 2022) compared to developing countries (52.3%). In least-developed countries (LDCs), the urban population is still a minority at 35.8%. Over the past decade, urbanization has been particularly significant in developing economies, especially in Asia and Oceania, where the urbanization rate increased from 44.0% in 2012 to 50.6% in 2022. This trend has led to the emergence of compact living spaces that favor multifunctional and space-saving fixtures. Faucet water mixers that provide integrated solutions are particularly advantageous in maximizing space in smaller kitchens and bathrooms.

Restraint Factor for the Faucet Water Mixer Market

High Initial Production Costs and Inconsistent Quality of Slag Will Limit Market Growth

The faucet water mixer market is becoming increasingly saturated with numerous manufacturers offering similar products. This saturation leads to intense competition, which can drive prices down and squeeze profit margins. Consumers, particularly in price-sensitive markets, may opt for cheaper alternatives or less innovative products, impacting the sales of premium faucet water mixers that incorporate advanced technologies and features. Consumers may perceive faucet water mixers with advanced features as complex and difficult to maintain or repair. Concerns about potential breakdowns and maintenance costs can deter customers from purchasing these products. The limited availability of skilled technicians to install or repair advanced faucet water mixers can also be a deterrent, particularly in less developed regions. Consumers may prefer simpler fixtures that are easier to service.

Impact of Covid-19 on the Fauc...

Chart and table of population level and growth rate for the Las Vegas metro area from 1950 to 2025. United Nations population projections are also included through the year 2035.

Snapshot img

Artificial Heart Market Size 2024-2028

The artificial heart market size is forecast to increase by USD 1.83 billion at a CAGR of 11.64% between 2023 and 2028. The market is experiencing significant growth due to the increasing prevalence of heart failure (HF) and associated risk factors. Clinical trials for the development of total artificial hearts (TAHs) and ventricular assist devices (VADs) are ongoing, offering potential solutions for end-users, including clinics and healthcare centers. However, the high cost of these advanced medical devices remains a challenge. Insurance policies and regulatory approvals, such as those from the Food and Drug Administration (FDA), play a crucial role in making these treatments more accessible. The use of heart-lung machines and mechanical hearts and diagnosis facilities is also driving market growth. Furthermore, to stay competitive, companies must focus on reducing costs while maintaining the highest quality standards. This market analysis report provides a comprehensive overview of the current state of the market and its future trends.

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The market is witnessing significant advancements due to the increasing prevalence of cardiovascular disorders among the geriatric population. According to the Census Bureau, individuals aged 65 and above accounted for nearly 16% of the US population in 2020, and this figure is projected to increase to over 20% by 2030. This demographic shift is a major driver for the growth of the market. Recent technological innovations in materials science have led to the development of advanced heart sectors, such as ventricular assist devices (VADs) and total artificial hearts. These devices have emerged as viable alternatives to traditional transplantation for patients suffering from heart failure.

Furthermore, healthcare units and manufacturing units are increasingly adopting these advanced technologies to cater to the growing patient base. The healthcare sector is witnessing a paradigm shift towards minimally invasive procedures and personalized treatment plans. This trend is driving the demand for artificial hearts, as they offer a more efficient and effective solution for patients with severe cardiovascular disorders. Furthermore, the regulatory scenario is becoming more favorable for the adoption of these devices, with regulatory bodies granting approvals for clinical trials and research projects. International universities and research institutions are also investing heavily in the development of artificial hearts.

In addition, these institutions are collaborating with industry players to advance the technology and bring it to market. For instance, researchers at the University of Pittsburgh are working on a total artificial heart that uses a unique design to mimic the natural function of the heart. The market is expected to grow at a steady pace due to the increasing prevalence of cardiovascular disorders and the aging population. According to the American Heart Association, over 6.5 million Americans are living with heart failure, and this number is projected to increase to over 8 million by 2030. This growing patient base is creating a significant demand for advanced heart solutions, such as artificial hearts and VADs.

In conclusion, the market is poised for growth due to the increasing prevalence of cardiovascular disorders, the aging population, and recent technological innovations. Healthcare units and manufacturing units are increasingly adopting these advanced technologies to cater to the growing patient base, and the regulatory scenario is becoming more favorable for their adoption. Furthermore, international universities and research institutions are investing heavily in the development of artificial hearts, which is expected to drive the growth of the market.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  VAD
  TAH


Geography

  North America

    US


  Europe

    Germany
    France


  Asia

    China
    Japan


  Rest of World (ROW)

By Product Insights

The VAD segment is estimated to witness significant growth during the forecast period. Artificial hearts, specifically Ventricular Assist Devices (VADs), serve as battery-powered mechanical pumps that aid the heart in pumping blood from the lower chambers to the rest of the body or to the other side. Two primary types of VADs exist: Left Ventricular Assist Devices (LVADs) and Right Ventricular Assist Devices (RVADs). An LVAD, also known as a Ventricular Assist System (VAS), is a surgically implanted mechanical pump that extracts blood from the left ventricle and pumps it out via the aorta to the body. Primarily used as a bridge to heart transplantation

According to Cognitive Market Research, the global Smart Wiring Devices market size will be USD 8345.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.40% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3338.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2503.6 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1919.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 417.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 166.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.
The Smart Switches Product Type held the highest Smart Wiring Devices market revenue share in 2024.

Market Dynamics of Smart Wiring Devices Market

Key Drivers for Smart Wiring Devices Market

Growing Urbanization and Infrastructure Development to Increase the Demand Globally

Rapid urbanization and infrastructure development in emerging markets create significant opportunities for smart wiring devices in new residential, commercial, and mixed-use projects. Globally, an increasing proportion of the population resides in cities. In 2012, 52.5% of people lived in urban areas, and this figure was projected to rise to 56.9% by 2022. Urbanization is generally more pronounced in developed regions (79.7% in 2022) compared to developing countries (52.3%). In least-developed countries (LDCs), the urban population remains a minority at 35.8%. The development of smart cities and the integration of smart infrastructure systems offer significant opportunities for smart wiring devices to enhance urban living conditions. Notably, Abu Dhabi and Dubai have made substantial progress in smart city rankings, with Abu Dhabi positioned 28th and Dubai closely following at 29th out of 118 cities in the 'Smart City Index 2021'. Both emirates improved their rankings by 14 places compared to 2020. https://hbs.unctad.org/total-and-urban-population/ https://www.moec.gov.ae/en/-/smart-cities-and-autonomous-transportation-1

Energy Efficiency and Sustainability to Propel Market Growth

The increasing focus on sustainable and green building practices creates significant opportunities for smart wiring devices that aid in energy savings and environmental sustainability. Following Massachusetts—where 96 buildings totaling over 26 million square feet received LEED certification in 2022, representing nearly 3.7 LEED-certified square feet per resident—other leading states include Illinois (3.47 square feet per capita), New York (3.17 square feet per capita), California (2.43 square feet per capita), and Maryland (2.39 square feet per capita). In 2022, the U.S. Green Building Council (USGBC) surpassed 100,000 LEED-certified projects globally, totaling over 11 billion certified gross square feet. Smart wiring devices can play a crucial role in monitoring and optimizing energy use, thereby supporting global efforts to lower carbon footprints. Additionally, various governments and organizations provide incentives and rebates for the adoption of energy-efficient technologies, including smart wiring devices, which can further drive market growth. https://www.usgbc.org/articles/us-green-building-council-announces-2022-top-10-states-green-building

Restraint Factor for the Smart Wiring Devices Market

High Cost of installation to Limit the Sales

Standard cables present a notable challenge during the installation of smart wiring devices. Blue C-wires, which provide continuous power to a smart thermostat to keep its software running, are often missing in older homes. This absence requires the use of an adapter, potentially necessitating the running of a cable from the thermostat to the nearest power outlet, which can be problematic. Consequently, the high cost and complexity of installation for smart wiring devices, such as smart thermostats, may hinder market growth ...

In 2022, about 17.3 percent of the American population was 65 years old or over; an increase from the last few years and a figure which is expected to reach 22 percent by 2050. This is a significant increase from 1950, when only eight percent of the population was 65 or over.

A rapidly aging population

In recent years, the aging population of the United States has come into focus as a cause for concern, as the nature of work and retirement is expected to change in order to keep up. If a population is expected to live longer than the generations before, the economy will have to change as well in order to fulfill the needs of the citizens. In addition, the birth rate in the U.S. has been falling over the last 20 years, meaning that there are not as many young people to replace the individuals leaving the workforce.

The future population

It’s not only the American population that is aging -- the global population is, too. By 2025, the median age of the global workforce is expected to be 39.6 years, up from 33.8 years in 1990. Additionally, it is projected that there will be over three million people worldwide aged 100 years and over by 2050.

According to Cognitive Market Research, the global Digital Billboard Advertising market size will be USD 39142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 15657.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11742.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 9002.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1957.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 782.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
The One-Sided Digital Billboard category is the fastest growing segment of the Digital Billboard Advertising industry

Market Dynamics of Digital Billboard Advertising Market

Key Drivers for Digital Billboard Advertising Market

Growing Use of Digital Marketing to Boost Market Growth

The market for digital billboard advertising is anticipated to rise in the future due to the growing use of digital marketing. The use of digital platforms, channels, and technology to market goods, services, or brands to a specific audience is known as digital marketing. Digital billboard advertising may be made more targeted, interactive, and engaging with the help of digital marketing. Businesses can use this to gauge the success of their campaigns and connect with the people who are most likely to be interested in their goods or services. For instance, the US-based cloud SEO rank tracking solution company Ranktracker reported in October 2022 that digital marketing spending grew by 14% in 2020 and 2021 and that the industry is expected to grow by 9% a year. Additionally, the US-based computer software giant Oracle Corporation predicted in 2021 that global spending on digital advertising will increase from $378 billion in 2020 to $646 billion by 2024. As a result, the market for digital billboard advertising is expanding due to the growing use of digital marketing.

(Source:https://www.ranktracker.com/blog/the-77-statistics-for-digital-marketing-in-2022-you-need-to-know/)

Expansion of the Food Service Sector to Drive Market Growth

Another important factor influencing the market for digital billboard advertising is urbanization. The growth of metropolitan regions and the subsequent increase in urban population have increased both pedestrian and vehicular traffic. This has increased the need for out-of-home advertising venues, and because of their effect and visibility, digital billboards are the perfect medium. Digital billboards are an integral part of multi-channel advertising campaigns because of their high frequency and reach in highly populated urban areas. Additionally, the growth of smart cities is encouraging the use of digital billboards as more towns look to incorporate technology into their public infrastructure, including advertising.

Restraint Factor for the Digital Billboard Advertising Market

Competition from Alternative Packaging Materials, such as Plastics and Styrofoam, will Limit Market Growth

Significant obstacles are presented by regulatory issues, especially with regard to digital billboard advertising. To reduce visual pollution and maintain traffic safety, certain countries have strict laws governing the positioning, brightness, and content of digital billboards. To avoid fines and limitations, advertisers need to traverse various regulatory environments carefully. Furthermore, because advertisers must constantly adjust to new technologies and customer expectations in order to stay competitive, the quick speed of technological development can present both opportunities and threats. Additionally, certain firms, especially smaller ones, may be discouraged from utilizing digital billboards due to the initial investment and ongoing maintenance costs, which could restrict the digital billboard advertising market expansio...

According to Cognitive Market Research, the global Non-Vascular Stent market size is USD 1351.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.

North America held the major market share of more than 40% of the global revenue with a market size of USD 540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 405.36 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 310.78 million in 2024, and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 67.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Middle East and Africa held the major market share of around 2% of the global revenue, with a market size of USD 27.02 million in 2024. The market will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
Metallic stents held the highest non-vascular stent market revenue share in 2024.

Factor impacting on Non-Vascular Stent Market

How does the new product launches significantly increas the growth of the Non-Vascular Stent Market?

The new product launches are creating a significant increase in global demand. These launches often introduce innovative features such as improved biocompatibility, better durability, and enhanced performance, which appeal to both patients and healthcare providers. Manufacturers invest in research and development to create stents that address specific clinical needs, such as precise sizing, easy deployment, and reduced risk of complications. Additionally, new materials and manufacturing techniques contribute to the development of stents with superior properties. As a result, healthcare professionals have access to a wider range of options to manage various medical conditions effectively, driving the growth of the non-vascular stent market.

For instance, In May 2020, Boston Scientific Corporation launched the TAXUS Element Paclitaxel-Eluting Coronary Stent System, which represents the Company's third-generation drug-eluting stent (DES) technology. This product is designed especially for coronary stenting, delivering both strength and flexibility.

(Source: https://news.bostonscientific.com/news-releases?item=59150)

Which factor contribute to the expansion of the Non-Vascular Stent Market?

The prevalence of chronic diseases aims to provide growth in the Market. Chronic conditions such as cardiovascular diseases, gastrointestinal disorders, and urological complications often require the use of non-vascular stents for maintaining the patency of various bodily passages or vessels. As the global population ages and lifestyles evolve, the incidence of chronic diseases continues to rise. This escalating demand for medical interventions to manage these conditions fuels the need for non-vascular stents. Additionally, advancements in stent technology, including biocompatible materials and minimally invasive insertion techniques, further contribute to market expansion by enhancing patient outcomes and reducing procedural risks.

For instance, according to the International Foundation for Gastrointestinal Disorders 2022 updates, it's found that 5-10% of the population has inflammatory bowel disease. The doctor visits in the United States were to be 2.4 to 3.5 million yearly.

(Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4020403/)

Restraint factor of the Non-Vascular Stent Market

Rising competition from others to Restrict Market Growth

The Non-Vascular Stent market faces challenges due to the rising competition from others. As technology advances, alternative stent options may emerge, such as drug-eluting stents or bioresorbable stents, which could compete for market share. These alternatives may offer unique advantages such as improved biocompatibility, reduced risk of complications, or enhanced patient outcomes, thereby attracting both patients and healthcare providers. Additionally, the introduction of new entrants into the market can intensify competition, leading to pricing pressures and challenges in maintaining market share. To remain competitive, manufacturers of non-vascular ste...

This statistic shows the population growth rate of the top twenty largest urban agglomerations in the United States from 2000 to 2030. Between 2025 and 2030, the average annual population growth rate of the New York-Newark agglomeration is projected to be roughly 0.82 percent.

According to the forecast, Africa's total population would reach nearly 2.5 billion by 2050. In 2023, the continent had around 1.36 billion inhabitants, with Nigeria, Ethiopia, and Egypt as the most populous countries. In the coming years, Africa will experience significant population growth and will close the gap significantly with the Asian population by 2100. Rapid population growth The population of Africa has been increasing annually in recent years, growing from around 818 million to over 1.39 billion between 2000 and 2021, respectively. In the same period, the annual growth rate of the population has been constantly set at roughly 2.5 percent, with a peak of 2.62 percent in 2014. The reasons behind this rapid growth are various. One factor is the high fertility rate registered in African countries. In 2021, a woman in Niger had an average of over 6.8 children in her reproductive years, the highest rate on the continent. High fertility resulted in a large young population and partly compensated for the high mortality rate in Africa, leading to fast-paced population growth. High poverty levels Africa’s population is concerned with widespread poverty. In 2024, over 429 million people on the continent are extremely poor and live with less than 2.15 U.S. dollars per day. Globally, Africa is the continent hosting the highest poverty rate. In 2024, the countries of Nigeria and the Democratic Republic of the Congo account for around 21 percent of the world's population living in extreme poverty. Nevertheless, poverty in Africa is forecast to decrease in the coming years.

The statistic shows the total population of India from 2019 to 2029. In 2023, the estimated total population in India amounted to approximately 1.43 billion people.

Total population in India

India currently has the second-largest population in the world and is projected to overtake top-ranking China within forty years. Its residents comprise more than one-seventh of the entire world’s population, and despite a slowly decreasing fertility rate (which still exceeds the replacement rate and keeps the median age of the population relatively low), an increasing life expectancy adds to an expanding population. In comparison with other countries whose populations are decreasing, such as Japan, India has a relatively small share of aged population, which indicates the probability of lower death rates and higher retention of the existing population.

With a land mass of less than half that of the United States and a population almost four times greater, India has recognized potential problems of its growing population. Government attempts to implement family planning programs have achieved varying degrees of success. Initiatives such as sterilization programs in the 1970s have been blamed for creating general antipathy to family planning, but the combined efforts of various family planning and contraception programs have helped halve fertility rates since the 1960s. The population growth rate has correspondingly shrunk as well, but has not yet reached less than one percent growth per year.

As home to thousands of ethnic groups, hundreds of languages, and numerous religions, a cohesive and broadly-supported effort to reduce population growth is difficult to create. Despite that, India is one country to watch in coming years. It is also a growing economic power; among other measures, its GDP per capita was expected to triple between 2003 and 2013 and was listed as the third-ranked country for its share of the global gross domestic product.