The clinical IT services category is expected to grow at a CAGR of 17.9% from 2023 to 2030. North America has the biggest category share with more than 50% and APAC is expected to be the fastest-growing region during the forecast period.
The health and wellness management services category is expected to grow at a CAGR of 4.47% from 2023 to 2030. A McKinsey survey report conducted in 2021 found that 79% of consumers considered well-being to be of prime importance. Over the last two to three years, almost 48.2% of Americans have increased prioritizing health and wellness.
The ammonia category is anticipated to grow at a CAGR of 5.4% from 2023 to 2030. Asia Pacific region dominated the category with more than 50% in 2022. According to Ammonia Energy Association, India accounts for 8% of the global production. A rise in the production of fertilizers is expected to drive the demand, as approximately 70% of this product is used to make fertilizers.
The outplacement services category is anticipated to witness growth at a CAGR of 7.0% from 2024 to 2030. Global outplacement broadens the scope of regional outplacement programs to assist businesses with personnel dispersed over vast geographic areas. In the current era of remote work and fragmented labor forces, global outplacement aids companies in offering assistance to their employees regardless of their location.
The disposable gloves category is expected to grow at a CAGR of 3.9% from 2023 to 2030. The North American region accounts for the largest category share, while the Asia-Pacific region is anticipated to be the fastest-growing region in the forecast period. Factors such as increasing public-private partnerships in the healthcare sector, enhancing healthcare infrastructure, and expansion of the healthcare industry are driving the growth.
The employee benefits market is expected to grow at a CAGR of 4.5% from 2024 to 2030. North America accounts for the largest share of the category. The increased competition among employers to hire and retain talent along with increasing focus on maintaining work-life balance among employees are driving category growth.
The vaccines category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030. They can be classified mainly into six types - Live-attenuated, inactivated, sub-unit, toxoid, viral vector, and messenger RNA (mRNA) vaccines. Among these, the mRNA sector held the largest share of 39% in 2022.
The global lab equipment category is anticipated to witness growth at a CAGR of 7.62% from 2023 to 2030. In 2022, the North America region accounted for 38% of the market share followed by Asia-Pacific and Europe.
The clinical logistics category is expected to grow at a CAGR of 7.5% from 2023 to 2030. The North American region accounts for the largest category share. The surge in the number of clinical trials, increase in research and development practices of advanced health care infrastructure, the existence of biotech organizations, and worldwide drug discovery are driving the market growth.
The nitrogen category is anticipated to witness growth at a CAGR of 9.9% from 2024 to 2030. Asia Pacific dominates the global category, followed by North America and Europe. In the upcoming years, North America's share in the global market is anticipated to rise steadily, holding a substantial position in the industry.
