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Friday 29 May 2020

Monoclonal Antibodies Market Analysis Report Forecasts, 2018–2024

May 2020 | Report Format: Electronic (PDF)

The global monoclonal antibodies (mAbs) market was valued at USD 85.4 billion in 2015 and is expected to reach a value of USD 138.6 billion by 2024. Increasing R&D pertaining to the development of therapeutic mAbs coupled with supportive government initiatives is expected to drive the monoclonal antibodies market growth over the forecast period.

Increasing demand for personalized medicine is a vital factor responsible for the increasing development of therapeutic antibodies to provide targeted therapies as every individual responds in a different manner to a particular treatment. Moreover, related benefits of using mAbs for therapeutic purposes, including fewer adverse effects, homogeneity, specificity, and large-scale production, are contributing toward significant market growth.

In addition, the government initiatives to enable cost-effective production of mAbs is anticipated to propel the emergence of this sector over the forecast period. For instance, the biomanufacturing initiative byNational Institute of Standards and Technology in the U.S. provides scientifically sound regulatory guidelines to ensure effective and safe manufacturing of protein therapeutics and to support biopharmaceutical manufacturers in offering low-cost and high-quality protein drugs across the globe.

Monoclonal Antibodies Market, By source Type, 2013–2024 (USD Billion)

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Further Key Findings from the Study Suggest:

  • Human-based mAbs segment is predicted to grow at a lucrative CAGR in the coming years due to their associated benefits and numerous R&D activities conducted for further development of human mAbs. Large number of mAbs of human origin are in phase III clinical trial for cancer treatment
  • In vitro production of mAbs is anticipated to show the fastest growth owing to its wide-scale adoption by biologics manufacturers due to its greater efficiency in cost and time
  • The research institute segment is anticipated to exhibit profitable growth due to increasing R&D efforts in the biotech industry as monoclonal antibodies have emerged as a major class of therapeutics for several human diseases, particularly immunological infectious diseases and cancer
  • The Asia pacific region has significant growth potential due to rising government initiatives in this region supporting the use of mAbs for research and treatment purposes coupled with the surge in sponsored R&D projects for the development of cost-effective therapeutic mAbs.
  • For instance, government-led fund providers, such as National Natural Science Foundation and National Basic Research Program of China, offer financial support to enterprises and universities to conduct mAb research and development.
  • The key players serving the monoclonal antibodies market arePfizer, Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc, Amgen, Inc., Abbott Laboratories, AstraZeneca, Eli Lilly and Company, Mylan N.V., Daiichi Sankyo Company, Ltd., Bayer AG, Bristol Myers Squibb Co.,Johnson & Johnson Services, Inc., Biogen Inc., Thermo Fisher Scientific, Inc., Sanofi Genzyme, F. Hoffmann-La Roche Ltd., and Novo Nordisk A/S.
  • The introduction of advanced methods for mAb production further encourages the pharmaceutical companies to build their own product pipeline. According to a study published by NCBI at the end of 2013, approximately 816 companies were involved in therapeutic protein research.

Cardiovascular Information System Market Analysis Report Forecasts To 2024

May 2020 | Report Format: Electronic (PDF)

The global cardiovascular information system (CVIS) market is expected to reach USD 1.2 billion by 2024, according to a new report by Grand View Research Inc. The global cardiovascular devices industry is growing swiftly owing to the increasing prevalence of heart diseases and other cardiovascular problems.

In accordance with the growing patient population there is an exponential surge in the patient history documents and patient data records. The resultant,rising burden of patient data is pushing forward the demand for effective management tools; thus, offering increased accessibility of patient information to surgeons and the healthcare staff and hence enhancing the operational efficiency of the practices. In addition, factors, such as technological advancements and the gradually growing awareness regarding the availability of these improved systems are expected to fuel the growth of the cardiovascular devices market.

However, factors,such as high system costs and the lack of skilled operators are impeding the overall growth. In addition, the presence of alternative data management tools is challenging the adoption of the information systems specific to cardiovascular data management. Some of the key players in the market are implementing strategies to expand market share. For instance, companies, such as Philips Healthcare and GE Healthcare offer CVIS systems along with their cardiac imaging products.

Germany Cardiovascular Information System Market, by Mode of Operation, 2014–2024 (USD Million)

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Further key findings from the study suggest:

  • The CVIS segment captured the largest market share of the global market in 2015. Integration of these systems with imaging devices is responsible for the highest adoption rate of this segment.
  • Owing to the high cost of these systems, the CVIS segment is expected to maintain its dominance during the forecast period
  • The cloud-based segment is anticipated to exhibit the fastest growth rate during the forecast period. The associated advantages, such as the affordable cost, remote accessibility of data, and the user friendly interface, are expected to fuel the adoption of the cloud-based mode of operation.
  • North America capturedthe largest market share of around 36% in 2015. The dominance of the segment is expected to continue with a CAGR of 5.8% from 2016 to 2024.
  • The factors contributing to the growth of the North America market include the increasing prevalence of heart diseases and the technological advancements in the region. Moreover, factors, such as the availability of highly advanced healthcare facilities and the higher adoption rate of the data management tools are augmenting the market growth in North America.
  • Asia Pacific is anticipated to grow at the fastest rate during the forecast period. Countries, such as India and China are expected to be the fastest growing markets in the region owing to the large pool of cardiovascular patients and the rising healthcare expenditure.
  • The booming medical tourism in Asia Pacific due to the availability of advanced healthcare facilities and services at a lower cost in comparison to the other developed countries serves as the pivotal factor in attracting cardiac patients worldwide to this region.
  • Some major players in this market include Philips Healthcare, GE Healthcare, McKesson Corporation, Siemens Healthcare GmbH, Merge Healthcare, Inc., Agfa Healthcare N.V., Cerner Corporation, Fujifilm Medical Systems, Inc., Lumedx Corporation, and Digisonics, Inc.

Biological Implants Market Analysis Report Forecasts, 2018 To 2024

May 2020| Report Format: Electronic (PDF)

Global biological implant market is anticipated to reach USD 9.8 billion by 2024, according to a new report by Grand View Research, Inc. Biological implant market is driven by rise in adoption of grafts and organ substitutes for reconstructive surgeries for various clinical applications such as cardiovascular, orthopedic and other soft tissue repair. The main challenge associated with the use of these products is to incorporate such a material that can specifically adapt to the biology of the surrounding environment in order to accelerate regeneration and repair. To overcome this challenge, research endeavors are carried out in order to develop such devices from biological source thus affecting industrial growth in the coming years.

Modification in the process of composite grafting is expected to play a crucial role in tackling reimplantation of amputated fingertips by bringing development in the overall process of grafting. Moreover, rising competition amongst key participants operating in this market is one of the high impact rendering factors to accelerate the growth.

North America Biological Implants Market, By Product, 2013–2024 (USD Million)

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www.grandviewresearch.com/industry-analysis/biological-implants-market

Further key findings from the report suggest:

  • Depending upon the source or donor of grafts, products offered can be categorized into autograft, allografts, and xenografts. Xenografts dominated the revenue share in 2015 with a revenue share of over 50%. However, allografts are expected to witness the fastest growth owing to the fact that they are derived from same species and produce considerably less chances of foreign immune reaction, thereby influencing adoption rate.
  • Biological implants serve various application domains which include cardiovascular, orthopedic, and other soft tissue implants. Soft tissue products accounted for the largest share in 2015 as a result of higher usage of the products in the field of dentistry. Even though cardiovascular implants accounted for lowest penetration in the current scenario, demand for cardiovascular stents and valves obtained from biological source is expected to expand, consequently boosting revenue generation from this segment.
  • Amongst surgical and injectable mode of administration, surgical mode is estimated to hold the larger share, as a consequence of availability of several products administered via this route. Introduction of minimally invasive techniques for surgical incorporation of grafts is also one of the significant factors propelling growth in this segment.
  • North America dominated the market with a revenue share of 50% due to widespread presence of participants coupled with high aesthetic and healthcare awareness levels amongst the population in this region.
  • Asia Pacific is estimated to exhibit the fastest growth in the coming years due to presence of the target population and rapidly improving health care infrastructure which is attributed to drive the demand for tissue engineered products and biological implants.
  • Major players operating in this industry include Medtronic, NuVasive, Inc, Stryker Corporation, Conmed Corporation, CryoLife, Edwards LifeSciences Corporation, Acelity, Integra LifeSciences Corporation, Allergan Plc, RTI Surgical, IOP Ophthalmics, Organogenesis Inc, BioPolymer GmbH & Co. KG, Osiris Therapeutics, Baxter International, Vericel, Aplhatec Spine Inc, Maxigen Biotech Inc, Auto Tissue Berlin GmbH, MiMedx Group, Inc., Biotissue Technologies,
  • These players are undertaking different business strategies to boost their respective penetration and enhance market presence. These strategies include novel product developments and geographic expansion by involving in collaborative activities in order to grab the larger share of revenue. For instance, in April 2016, Stryker Corporation acquired Stanmore Implants Worldwide Limited which is expected to enable the company to provide differentiated technologies to orthopedic oncology surgeons, thus propelling growth over the forecast period.

Thursday 28 May 2020

Consumer NAS Market Analysis Forecasts, 2018–2025

May 2020 | Report Format: Electronic (PDF)

The global consumer network attached storage market size is expected to reach USD 8.20 billion by 2025, according to a new report by Grand View Research, Inc. Globally growing demand for efficient data backup systems, speedy data transfer, and cost-effective storage systems are some of the key drivers for the consumer network attached storage market. Home segment is one of the largest segment in 2016 and is expected to maintain a high growth rate over the forecast period. The deployment of network attached storage in small and medium businesses is expected to drive the Consumer NAS industry.

The growth of consumer Network Attached Storage market is primarily driven due to the low cost of product and easy installation, along with network sharing of data, which enhances the user’s accessibility of data among the in-house or office network. Innovative solution offerings such as cloud backup offerings which can be integrated with the consumer Network Attached Storage system further drives the demand for consumer network attached storage (NAS) market. The increase in purchasing power of individuals due to growth in disposable income is expected to by feul the market growth. The modern-age population is becoming more tech savvy and acceptable toward technologically advanced products that promote. Furthermore, increase in the data such as movies, photos among the individuals which need to be stored are some of the major factors driving the growth of the Consumer NAS market.

2-Bays design are expected to observe the fastest growth over the next nine years. It has been evident that the home segment of consumer network attached storage devices will increase in U.S. and Europe, which is expected to boost the market demand over the forecast period.

U.S. Consumer NAS Market by End-user, 2014–2025 (USD Million)

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/consumer-network-attached-storage-nas-market

Further key findings from the report suggest:

  • The increasing need data storage, data management and data sharing is expected to drive the global market demand of consumer NAS market
  • Business segment emerged as the largest end user segment in 2016 and is estimated to grow by CAGR of 15.4% by 2025
  • Global Consumer NAS demand of 4-Bays design segment is expected to witness the largest growth over the years.
  • The 2-Bays in design segment is estimated to grow at a CAGR of 16.9% CAGR by 2025
  • The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies. The regional market is expected to grow at a CAGR of 18.8 % from 2016 to 2025
  • Key players including Western Digital Corporation, Netgear Inc, Synology Inc., QNAP Systems, Inc., Asustor Inc, Buffalo America Inc.,ZyXEL Communications Inc, and Thecus Technology Corporation dominated the global Consumer NAS market

Surge Protection Devices Market Analysis Report Forecasts, 2018–2025

May 2017 | Report Format: Electronic (PDF)

The global surge protection devices market size is expected to reach USD 3.39 billion by 2025, according to a new study by Grand View Research, Inc. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The need for protection against lightning and voltage fluctuations has triggered the implementation of surge protection devices (SPDs). These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused lightning strikes. Thus, implementation of SPDs is of prime importance for any business or residential and commercial buildings.

The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to a significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.

The rise in disposable income has enabled the adoption of expensive consumer electronic. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.

North America surge protection devices market, by application, 2014–2025 (USD Million)

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www.grandviewresearch.com/industry-analysis/surge-protection-devices-market

Further key findings from the study suggest:

  • The type 2 SPD segment was valued at USD 610.1 million in 2016
  • The growing number of hospitals in developing economies, such as India and China, along with widespread healthcare network in developed countries, is anticipated to foster surge protection device market growth
  • Increased electrification of rail networks, coupled with the growing popularity of electric vehicles and their required infrastructure, is predicted to boost the growth prospects of SPDs in the near future
  • The North American region is expected to significantly contribute to the industry growth and represented the largest market size with USD 778.3 million in 2016, owing to the widespread awareness of the benefits of SPDs
  • The key industry participants include ABB Ltd, Advanced Protection Technologies, Inc., G Power and Industrial Solutions Limited, Eaton Corporation PLC, Emerson Electrical Co., General Electric, Legrand S.A., Schneider Electric, Siemens AG, and Tripp Lite

Agricultural Robots Market Analysis Report Forecasts, 2018–2025

May 2020 | Report Format: Electronic (PDF)

The global agricultural robot market size is anticipated to reach USD 8.82 billion by 2025, expanding at a CAGR of 24.7%, according to a new report by Grand View Research, Inc. The agriculture industry is changing dramatically, across the globe. The growing technological advancements and innovations in robotics have increased the sales of agricultural robots.

Indoor farming refers to crop cultivation using high-pressure sodium lamps or LEDs and growth in aeroponic and hydroponic systems. Additionally, indoor farming provides protection and optimal growing conditions. The use of this technology by small commercial growers for producing crops is expected to increase their capacity and economic viability.

The future of the indoor farming industry is technology and data driven. The climate control technology is enabling high yields. A farm management system helps growers in reducing the time spent on analyzing and collecting crop yield data. The growing adoption of indoor farming is likely to spur the agriculture robot market.

Farm employment includes exposure to pesticides, long working hours, poor sanitary conditions, and other health risks. Most of the agricultural work is physical in nature, which increases the risks of accidents by fatigue, difficult terrain, poorly designed tools, and extreme weather conditions. In addition to physically demanding labor, heat & sun exposure and dangerous machinery increase the risks of farming.

Based on working methods, the working conditions in commercial plantations vary from traditional intensive methods to highly mechanized extensive methods. However, only some of the agricultural workers are covered by employment injury benefits, national legislation, and insurance schemes.

Farming causes several respiratory hazards in farmworkers. Organic dust toxic syndrome (ODTS), caused by grain and silage dust, is a common respiratory illness prevailing among the farmers. Agricultural noise and chemical hazards are the other common health hazards of farming. Prolonged exposure to excessive noise produced by choppers, tractors, chainsaws, and grain dryers can cause permanent hearing loss.

However, lack of awareness and high initial capital investments are anticipated to restrain the market growth over the forecast period. The robots used for agricultural purposes require additional application-specific advanced processing equipment, resulting in increased capital investment.

U.S. agricultural robots market by product, 2014–2025 (USD Million)

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www.grandviewresearch.com/industry-analysis/agricultural-robots-market

Further key findings from the report suggest:

  • Increasing privatization of agricultural resources and services are expected to drive the market demand
  • Milking robots product segment is anticipated to dominate the market in terms of revenue over the projected period
  • The growing penetration of vertical farming is likely to spur the materials management product segment
  • The ability of drones to hover low over fields along with sensing devices has benefitted the farmers by reducing their dependability on climate
  • The Asia Pacific region is witnessing highest penetration growth in the agricultural robot market and possesses greater growth opportunities for companies planning to invest in long haul
  • The Chinese agricultural processes have been modernized by the introduction of the crop-dusting drones
  • The key players of the agricultural robot market include CNH Industrial (UK), CLAAS (Germany), GEA Group (Germany), and Harvest Automation, Inc. (U.S.)

Telepresence Equipment Market Analysis Report 2018–2025

May 2020 | Report Format: Electronic (PDF)

The global telepresence equipment market size is anticipated to reach USD 2.45 Billion by 2025, at a registering a CAGR of 2.9% over the forecast period, according to a new report by Grand View Research, Inc. The need for enterprises to reduce the cost in traveling for the employees is the primary factor driving the market growth.

Increasing usage of telepresence equipment in various applications such as health care, education and government are the primary factors driving the market growth. Many government authorities are also planning to establish telepresence rooms as services as one the avenues for revenue. Telepresence video conferencing is being increasing adopted by many organizations as it offers cost effective solutions of high quality interaction.

The Recent technological innovation in robotic telepresence video conferencing is also one of the major driving the market growth. The major advantage offered by telepresence equipment is as it offers Lifesize video conferencing which give the feel of real person existence. The various end points in telepresence equipment include telepresence camera, Microphone and display devices. The market for various telepresence end-points are also expected to grow significantly over the forecast period.

The Room based telepresence system is highest revenue generating segment over the forecast period due to increased use of enterprises. Virtual presence of the individuals in the meeting will enhance experience thereby reducing the cost of travelling. But high cost of installation is one the major restraint for growth telepresence equipment market. Telepresence Equipment are being increasingly adopted in North America region which occupy significant market share over the forecast period.

U.S. telepresence equipment market by end-use, 2014–2025 (USD Million)

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www.grandviewresearch.com/industry-analysis/telepresence-equipment-market

Further key findings from the report suggest:

  • The growing adoption of usage of telepresence equipment in large enterprises to reduce the cost of the traveling is the primary factor which drives the market.
  • The Medium enterprise end-user segment is expected to portray high growth rate with a CAGR of 3.2% over the projected period.
  • The North America Telepresence equipment regional market is expected to have significant growth over the forecast period, owing to the adoption of telepresence equipment in enterprises.
  • The key players of the market include Array telepresence, Avaya Inc, Cisco Systems Inc., Huawei Technologies Co. Ltd, Polycom, Inc, Vidyo Inc and ZTE Corporation

Smart Water Bottle Market Analysis Report Forecasts, 2018–2025

May 2020 | Report Format: Electronic (PDF)

The global smart water bottle market size is projected to reach USD 48.7 Million by 2025, expanding at a CAGR of 25.7%, according to a new report by Grand View Research, Inc. The increasing awareness for adequate water intake among people of various age groups is anticipated to fuel the market growth.

Recent technological advancements have resulted in the implementation of technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) in water bottles. These technologies provide information to users regarding their hydration level and intervals of water intake. Many companies have developed several mobile applications that provide personalized daily hydration goals to users.

The hydration tracking apps segment is expected to witness lucrative growth over the forecast period owing to the large-scale adoption of smartphones, fitness trackers, and various smart devices. Many smart water bottles include smart caps and sensor bands that are compatible with any regular bottles, thereby increasing the demand for the hardware segment.

The intelligent water bottles are expected to reduce the plastic waste generated across the globe, as these bottles are reusable and made of Bisphenol A (BPA) — free polymer material such as Tritan. The use of Tritan in manufacturing interactive bottles is anticipated to boost the demand for the bottles owing to their light weight and durable properties.

Since the industry is still in the evolving stage, majority of its sales occur through online distribution channel. Moreover, the product has not yet reached all the retail stores and shopping markets, thereby limiting the scope of offline sales. However, increasing technology trends is anticipated to bolster the offline sales over a period of time.

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www.grandviewresearch.com/industry-analysis/smart-water-bottle-market

Further key findings from the report suggest:

  • The demand for global smart water bottle market is expected to gain traction owing to the increasing awareness regarding fitness and health. The market is projected to register a CAGR of 25.7% over the forecast period.
  • The polymer segment dominated the market in 2016 owing to the durability of the material. It is estimated to generate a revenue of USD 38,458.2 thousand by 2025
  • The metal segment is anticipated to witness growth at a CAGR of 23.4% over the next eight years owing to its BPA-free properties
  • The hardware segment captured a major market share in terms of revenue owing to the ease of use. It is expected to reach USD 25,388.3 thousand by 2025.
  • The Asia Pacific regional market is projected to witness substantial growth over the forecast period owing to the increasing technological developments. It is expected to attain USD 10,429.6 thousand by 2025
  • Key vendors in the smart bottle market include Caktus, Inc., Ecomo, Groking Lab Limited, Hidrate Inc., HydraCoach, Inc., Moikit, Open-2, LLC, Out of Galaxy, Inc., Thermos L.L.C., and Trago, Inc.

Enterprise Wearable Market Analysis Forecasts, 2018 - 2025

May 2020 | Report Format: Electronic (PDF)

The global enterprise wearable market is expected to reach USD 22.3 billion by 2025, according to a new study conducted by Grand View Research, Inc. The high demand for enterprise wearable devices in the Asia Pacific region is anticipated to drive the industry growth over the next decade. The aging population and rising chronic diseases, such as coronary heart diseases and diabetes, in countries such as China, India, and Japan would drive the demand for wearable technology in the region.

Industry players are investing a significantly in research & development activities for product innovation, thus catering to the specific needs of the enterprise industry. They are using strategies such as acquisition, partnerships, and collaborations to maintain market competencies.

The rising enterprise applications of Virtual Reality (VR) and Augmented Reality (AR) in the following years is expected to fuel the demand for wearable devices, such as smart eye wear and head mounted devices. This growth in demand may be attributed to advancements in the VR and AR technologies, which would help increase their connectivity and enterprises’ interaction with employees and consumers.

The increasing awareness regarding health and wellness, rising aging population, and chronic diseases such as heart attack and diabetes, globally, are favorable factors expected to support the demand for wearable devices over the forecast period.

The rising demand for IoT technology, owing to its wide application in various sectors such as healthcare, manufacturing, retail, and others, is foreseen to drive the growth of the enterprise wearable market. The IoT technology, along with wearable devices, would help organizations in the development and deployment of the future generation value-added services by utilizing user-centric data.

U.S. enterprise wearable market, by application, 2014–2025 (USD Million)

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www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market

Further key findings from the study suggest:

  • The IoT technology segment is expected to surpass the Bluetooth segment and dominate the market after 2022 as well. This growth may be attributed to the expected rise of widespread real-time applications of IoT technology in different industries globally over the next decade.
  • The demand for head wear devices is expected to gain momentum over the forecast period owing to their prospective applications in highly developing technologies such as VR and AR
  • The Asia Pacific region is predicted to emerge as the fastest growing market owing to a significant rise in the number of adopters of medical wearable devices for monitoring bodily conditions, such as glucose level, heart condition, temperature, sleep, and others, in countries such as China and India
  • Prominent vendors operating in the market include Fitbit Inc., Apple Inc., Alphabet Inc., Xiaomi Inc., Samsung Electronics Co. Ltd., Eurotech SpA, Adidas AG, and Seiko Epson Corporation
  • The increased focus on research and development activities for new product developments and upgrades of existing products to meet industry demands are the key trends adopted by industry player

Smart Label Market Analysis Report Forecasts, 2018–2025

May 2020 | Report Format: Electronic (PDF)

The global smart label market size is expected to reach USD 16.12 billion by 2025, expanding at a CAGR of 14.0%, according to a new report by Grand View Research, Inc. Installation of efficient anti-theft and anti-counterfeit system in several end-user industries is projected to propel the demand. Constant research and innovation efforts to design advanced and application specific products are expected to be the key trend in the global market over the next few years.

Rapid urbanization and rise in disposable income of consumers have propelled key end-user industries such as retail, FMCG, and healthcare & pharmaceutical in Asia Pacific in the recent past. Growing economic trends in China, India, Japan, South Korea, and South East Asian countries have created lucrative opportunities in the market.

Usage of smart label helps companies to prevent key issues such as theft, shop lifting, and counterfeit. Thus, emerging presence of key retail and manufacturing industries in developing regions is projected to accelerate the growth of smart label market in the next few years.

U.S. smart label market revenue, by application, 2014–2025 (USD Million)

Download PDF, click the link below:
www.grandviewresearch.com/industry-analysis/smart-label-market

Further key findings from the report suggest:

  • The global market for smart label was valued at around USD 4.21 Bn in 2015 and is expected to reach over USD 16.12 Bn by 2025, growing at a CAGR of 14.7% from 2016 to 2025
  • RFID labels accounted for over 60% of global volumes in 2015, and is expected to grow over the next nine years on account rising demand in retail sectors
  • In terms of components, batteries segment was estimated to dominated the global market in 2015
  • Retail inventory accounted to be the largest application segment in 2015, accounting for over 22% of the global smart label market volume owing to excellent real time tracking efficiency
  • Perishable goods application segment is anticipated to exhibit promising trend by expanding at the fastest CAGR from 2016 to 2025 due to rising use in medication management and medical instruments
  • Retail is expected to be the highest revenue generating end-user segment of the market growing at a double digit CAGR of over 14% from 2016 to 2025, owing to improved supply chain efficiency obtained from smart label
  • Asia Pacific is projected to witness the fastest growth rate over the forecast period, owing to promising trend in retail and FMCG industries in developing countries
  • Avery Dennison Corporation, CCL Industries, Inc, Zebra Technologies Corporation, Alien Technology Inc, Intermec Inc, Checkpoint Systems, Inc are some of the key players operating in market
  • The major smart label manufactures are focusing to enhance their presence in emerging BRIC counties through introduction of new products and capacity expansion

Wednesday 27 May 2020

Covid-19 Impact on Atomic Layer Deposition Market 2018–2025

May 2020 | Report Format: Electronic (PDF)

The global atomic layer deposition (ALD) market size is expected to reach USD 3.01 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to grow substantially over the forecast period, owing to its excellent efficiency of depositing conformal coatings equivalent to thickness measurement of nano-layers for the intricate semiconductor components.

Atomic layer deposition is a key manufacturing process in the fabrication of semiconductor devices, and part of the set of tools available for the synthesis of nanomaterials. It is considered as one of the significant deposition method for producing thin conformal films. The demand for complex and miniaturized components coupled with the advent of nano-technology has driven the ALD market.

The thin-film deposition market constitutes of other major technologies such as chemical vapor deposition, physical vapor deposition, sputtering and epitaxy equipment. Though CVD accounts for a larger market share currently, the advanced & feature-rich ALD process holds its own significance due to its performance of delivering high deposition, and high production rates with minimal waste. CVD is the only alternative to ALD but to a limited extent, and it cannot deliver precise conformity to films similar to the atomic layer technology.

Plasma Enhanced-ALD is expected to be the fastest growing product type owing to its excellent output properties and fastest surface reaction mechanism rate. ALD is surface-sensitive deposition process, and PEALD enhances the surface modification through plasma exposure, which enables to alter nucleation. The PEALD deposition films are ultra-thin films with exceptional flatness and uniformity. The current process development effort by the top companies globally, is mainly focused on delivering new, higher quality & throughput and progressive dielectric materials.

Download PDF, click the link below:
www.grandviewresearch.com/industry-analysis/atomic-layer-deposition-market

Further key findings from the report suggest:

  • The global atomic layer deposition industry was valued at USD 1.09 billion in 2016 and is estimated to grow at a CAGR of 12% from 2017 to 2025
  • Solar device & medical equipment industry are the two fastest-growing applications for the atomic layer deposition market owing to the growth of each industry globally
  • Rise in consumer electronics spending for personal computers, smartphones, laptops and other modern gadgets has led to increased utilization of complex chips and ICs
  • Asia Pacific accounted for over 42% of the overall revenue in 2016 owing to strong presence of strong manufacturing base and growing semiconductor & electronics, solar, and medical device industries, especially, in China, Japan, South Korea, and Taiwan
  • Some of the major companies operating in the global atomic layer deposition market include Adeka Corporation, Aixtron SE, ASM International NV, and Lam Research Corporation

Covid-19 Impact on Commercial Aircraft Landing Gear Market 2025

May 2020 | Report Format: Electronic (PDF)

The global commercial aircraft landing gear market size is expected to reach USD 9.63 billion by 2025, according to a new report by Grand View Research, Inc. The growing income levels of the middle-class population and rising affordability have resulted in air travel to become the preferred choice of travel. Airlines are increasingly making efforts to expand their fleet size to address the growing demand for air travel effectively. The growth in fleet size is anticipated to drive the global commercial aircraft landing gear market over the forecast period.

The replacement of aging landing gear components in existing aircraft fleet by advanced systems is expected to impact the growth positively. The surging demand for retrofitting of landing gear systems/components is mainly driven by an increase in airline traffic, which requires frequent upgrading of such systems. Aircraft manufacturers across the globe are investing heavily towards the adoption of new efficient systems in modern aircraft to avoid service failure and accidents, as well as increase the overall longevity.

A new class of systems is being developed, which is adaptive to various landing situations. The use of controllable fluid devices, such as Magnetorheological (MR) and Electrorheological (ER) shock absorbers, are some of the new technologies used for innovative landing gears’ development. The research for new materials for aerospace applications is gaining traction. These materials are being developed to accomplish weight reduction, durability, cost economies, robustness, and environmental responsibility.

Increasing environmental concerns, airspace modernization, and new rules and regulations pertaining to airplane component specifications have significantly contributed to the retirement of the older fleet of airplanes. The aerospace industry has incorporated additive manufacturing throughout all functions and processes, from design concept to repair applications. The increasing success of this has gradually resulted in it being a multipurpose technology.

Download PDF, click the link below:
www.grandviewresearch.com/industry-analysis/commercial-aircraft-landing-gear-market

Further key findings from the report suggest:

  • Electronically controlled anti-skid braking systems are replacing traditional electro-mechanical antiskid systems as the former enhance the efficiency during touchdown
  • Main landing gears are anticipated to remain as the highest revenue generating segment over the forecast period as they are regarded to be one of the vital systems used to support the aircraft during takeoffs and landings
  • Wide-body aircraft are now being used into domestic routes as well, owing to their lower operational costs and higher profit margins
  • Actuation systems are projected to witness the highest growth over the forecast period owing to the increasing demand for contemporary electronic actuation systems to overcome issues of fire hazard and leakage
  • Asia Pacific is anticipated to emerge as the fastest growing region over the next eight years primarily due to substantial growth in the commercial aviation sector across developing nations, such as India, Malaysia, and China

Covid-19 Impact on Automotive NVH Materials Market

May 2020| Report Format: Electronic (PDF)

The global automotive noise, vibration & harshness materials market size is expected to reach USD 13.09 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing automobile production has been a major factor driving market growth. In addition, growing awareness regarding the advantages of NVH reduction and acoustic management in vehicles has led to the increased utilization of NVH materials in automobiles.

The use of noise & vibration absorbing and damping products in automobiles help improve the overall ride quality, comfort, performance, and safety of the vehicle. The increasing automobile production across the globe acts as the major driver for the industry growth. In addition, the shifting consumer preferences towards comfort, and ride experience in passenger cars is expected to propel the demand for the product over the coming years.

Foam laminates were the largest product category in 2015 and is expected to maintain a relatively high growth rate over the forecast period. The molded foam product category is expected to witness relatively low growth of 3.8% over the coming years, owing to its limited application scope in vehicles.

NVH materials in HCVs are expected to observe the fastest growth over the next nine years at an estimated CAGR of over 6% from 2016 to 2025. The increasing use of heavy-duty trucks in the logistics & transportation industry, for the transportation of heavy commodities over medium and long distances, propels the demand for HCVs. In addition, the presence of stringent regulations concerning vehicle safety, in terms of vehicle weight and safety standards, is expected to boost the demand for light-weight products in HCVs over the forecast period.

U.S. automotive NVH materials market, by product, 2014–2025 (USD Million)


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Further key findings from the report suggest:

  • The global automotive NVH materials revenue surpassed USD 8,000 million in 2015 and is expected to witness significant growth during the forecast period, mainly on account of increasing automotive production worldwide
  • Foam laminates emerged as the largest product segment in 2015 and is estimated to generate revenue over USD 3,400 million by 2025; this can be attributed to the increasing use of this product in key application areas such as floor lining, roofing, and door panels
  • The global demand in absorption was USD 4,738 million in 2015 and is anticipated to witness high growth over the forecast period, owing to the increasing shift of consumer preferences towards enhanced levels of comfort and noise control in interior cabins of vehicles
  • The cars segment emerged as the largest end-use segment in 2015 and is estimated to generate revenue of nearly USD 10,000 million by 2025; the high share can be attributed to the relatively higher production output of cars among all vehicle types, globally
  • The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to increasing automobile production across major economies, especially in the passenger cars segment. The regional market is expected to grow at a CAGR of 5.7% from 2016 to 2025
  • Key players including ElringKlinger AG, Unique Fabricating Inc., Rogers Foam Cooperation, Avery Dennison, and W. KOPP GmbH & Co. KG account for a substantial share in the global automotive NVH materials market.

Covid-19 Impact on Virtual Reality (VR) In Gaming Market

May 2020 | Report Format: Electronic (PDF)

The global virtual reality in gaming market size is expected to reach USD 45.09 billion by 2025, according to a new report by Grand View Research, Inc. Increasing competitiveness among key players such as Microsoft Corp., Sony Corp., and Nintendo Co. Ltd. to launch VR-compatible consoles has triggered industry growth.

Virtual reality (VR) technology can enable gamers to indulge in an imaginary setting where the gamer’s physical presence is simulated to be a part of the three-dimensional environment. With VR equipment and accessories, the user can view, move around, and even interact with the objects within the game. Several start-ups are developing prototypes for using the virtual reality technology in video games, which is expected to impact the growth favorably over the years to come.

Gaming consoles are expected to emerge as the most favored devices for playing games equipped with VR technology on account of the presence of efficient processors as compared to desktops and smartphones which may not match the immersive simulation experience provided by a console dedicated to playing games.

Lack of awareness about VR technology in games, high initial investment, compatibility issues of virtual reality devices with consoles, spatial discomfort and the risk of other physical and mental ailments may pose a challenge to the otherwise growing industry for VR technology in video games.

U.S. virtual reality in gaming market by device, 2014–2025 (USD Billion

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Further key findings from the report suggest:

  • Growing at a CAGR of around 30% during the forecast period, by 2025, the hardware segment is expected to account for a majority of the revenue a share
  • In 2015, the estimated size of the software segment was around USD 2 billion
  • Demand for VR accessories such as head mounted displays, motion sensing devices, treadmills, gloves, masks, backpacks, and bodysuits is expected to witness robust growth
  • Demand for virtual reality hardware is expected to increase drastically once the consumer versions are readily available
  • Smartphones are expected to be the fastest growing device segment during the forecast period
  • In 2015, the U.S. VR in gaming market accounted for the largest revenue share; however, China is expected to emerge as a key regional market by 2025
  • The Latin America and the MEA regions are projected to experience the fastest growth which may be attributed to rising awareness and demand for the technology in the coming years
  • As the technology is fairly new, a significant proportion of VR accessories and wearables are currently in the development stage; the Head Mounted Displays (HMDs) launched by Oculus VR, LLC, and HTC Corporation in 2015 and 2016 are popular among consumers
  • Leap Motion Inc., Razer Inc. VirZoom Inc., and Virtuix are prominent companies developing wearables such as motion sensing devices, treadmill, and gloves

Tuesday 26 May 2020

Molecular Diagnostics Market 2020–2027

May 2020 | Report Format: Electronic (PDF)

The global molecular diagnostics market size is expected to reach USD 18.2 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.0% over the forecast period. Increasing prevalence of infectious diseases such as influenza and human papillomavirus is projected to be the key factor the growth of the market.

In the underdeveloped regions of Africa, increasing instances of infections such as tuberculosis and HIV have been witnessed in the last few years. This is projected to drive the demand for accurate and early diagnostic techniques to curb the spread of these infections.

Rapid technological advancements-leading to accurate results, portability, and cost-effectiveness-are expected to be a high impact rendering driver for this market. Companies are upgrading their products by implementing new techniques to gain specific and accurate results. Companies such as Sigma Aldrich Corporation and Qiagen are developing a new range of molecular diagnostic techniques, such as Transcription-Mediated Amplification (TMA) and Loop-Mediated Isothermal Amplification (LAMP), for the diagnosis of tumors.

Key players in the market are adopting various marketing strategies such as collaborations with technologically advanced companies and diagnostic centers. Furthermore, players are focusing on expanding their geographic presence in order to increase their market share.

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www.grandviewresearch.com/industry-analysis/molecular-diagnostics-market

Further key findings from the report suggest:

  • Reagents dominated the market in 2019 and is also projected to be the fastest-growing product segment owing to its high adoption in research and clinical settings. Standard reagents also provide efficient and accurate results
  • Instruments such as next generation sequencing platforms and PCR are increasingly preferred by diagnostic institutes and central laboratories as these tests deliver reliable and quick results and are suitable for a number of diagnostic procedures
  • Central laboratories emerged as the leading test location for molecular diagnostics in 2019. This is attributed to the availability of skilled labor and well-established infrastructure
  • Point-of-care is expected to be the fastest-growing segment over the forecast period owing to increase in demand for bedside testing, accuracy of results, and rise in healthcare awareness
  • Infectious diseases were the largest revenue generating segment in 2019 as molecular diagnostics offer clinicians with better substitutes to diagnose numerous infectious pathogens, bacteria, and virus in a short time while producing extremely accurate results
  • The oncology segment is projected to exhibit a CAGR of around 11.3% over the forecast period owing to increasing awareness amongst patients and healthcare professionals regarding available technologies such as molecular testing for cancer diagnosis
  • On the basis of technology, PCR was the largest revenue generating segment in 2019 owing to factors such as growing applications of multiplex PCR and commercialization of easy-to-use PCR-based molecular diagnostic kits
  • North America was the largest revenue generating region in 2019, followed by Europe. Key factors attributing to their dominance are high patient awareness levels, sophisticated healthcare infrastructure, growing healthcare expenditure, and high R&D pertaining to drug discovery and development
  • Some of the major players operating in molecular diagnostics market are F. Hoffmann-La Roche Ltd; Siemens Healthcare GmbH; Bio-Rad Laboratories, Inc.; Novartis AG (Grifols); Danaher Corporation; Alere, Inc.; Sysmex Corporation; bioMérieux SA; Becton, Dickinson and Company; Hologic, Inc. (Gen Probe); Johnson & Johnson Services, Inc.; Bayer AG; Cepheid; Dako; and Qiagen.

Healthcare IT Market 2020

May 2020 | Report Format: Electronic (PDF)

The global healthcare IT market is anticipated to reach USD 104.5 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for enhanced healthcare facilities and introduction of technologically advanced systems are expected to boost industry growth.

Increasing geriatric population prone to chronic diseases resulting into high patient base is triggering the demand for sophisticated healthcare facilities. Furthermore, increasing number of patients requiring home healthcare acts as an effective growth driver for this market.

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www.grandviewresearch.com/industry-analysis/healthcare-it-market

According to a report published by the U.S. Centers for Disease Control and Prevention (CDC) in 2011, the number of patients needing home healthcare was nearly 4.7 million in the U.S. and is on a constant rise, which is further expected to fuel the healthcare IT market demand.

Advent of technologically advanced software, such as interoperable system and cloud computing, is expected to attract more investors focus on developing integrated healthcare system to curb problems associated with conventional procedures of record keeping. For example, the uses of e-healthcare record system to maintain patient database help to provide instant information about patients’ health in case of emergency.

Telecommunication and telehealth accounted for over 40.0% of the market share owing to the high usage rates in 2013. Introduction of technological advancements such as Teleimmersive Environment for Everybody (TEEVE) and Session Initiation Protocol (SIP) are the factors promoting this segment’s growth.

Electronic Health Records (EHR) is expected to register an upward shift to reach up to USD 26.72 billion in 2020. Growth is primarily driven by the rising demand for integrated information system in the field of healthcare IT. Faster accessibility and low maintenance cost are the two most significant factors contributing towards the rising demand of these EHR systems.

In 2013, North America market was valued at around USD 20.0 billion owing to the factors such as favorable government initiatives pertaining to the introduction of technologically advanced healthcare IT facilities, sophisticated healthcare infrastructure, and increasing patient awareness levels coupled with relatively higher healthcare expenditures in the region.

On the other hand, Asia Pacific healthcare IT market is expected to reach at over USD 19.6 billion by registering lucrative growth rate in 2020. Growth is attributed to the rising healthcare expenditure, larger untapped opportunities, and growing disposable income level.

Prominent players operating in this industry include Athenahealth Inc., GE Healthcare, Agfa Healthcare, Philips Healthcare, E-MDS Inc., Carestream Health McKesson Corporation, Carestream Health eClinicalworks, and Hewlett-Packard.

Neurostimulation Devices Market 2019–2026

May 2020 | Report Format: Electronic (PDF)

The global neurostimulation devices market size is expected to reach USD 12.6 billion by 2026 registering a CAGR of 12.5%, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic diseases, such as migraine and epilepsy, due to unhealthy diet and lifestyle and rising geriatric population is expected to be the major growth-driving factor for the neurostimulation devices market. However, adverse effects and risks associated with neurostimulation devices and stringent regulations regarding product approval are expected to hamper the growth.

Increasing incidence of Road Traffic Accidents (RTAs) is another factor driving the product demand. Moreover, manufacturers are investing in R&D to develop new products with advance technology, such as MRI safety incorporated devices by Medtronic Inc. and minimally invasive transdermal neuromodulation technology by Neurowave Medical Technologies.

Asia Pacific is projected to be the fastest-growing regional market on account of rising healthcare expenditures and rapid economic growth in emerging countries, such as India and China. Presence of unmet medical needs and untapped markets are also boosting the market growth in the region. Moreover, changing lifestyle and eating habits resulting in various lifestyle-related diseases will contribute to the growth. Increasing RTAs and resultant nerve injuries, which require neurostimulation postoperatively, are also likely to boost product demand.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/neurostimulation-devices-industry

Further key findings from the study suggest:

  • North America is estimated to lead the neurostimulation devices market over the forecast period due to rising product demand as an add-on therapy and high disposable incomes and patient awareness levels
  • Presence of sophisticated healthcare infrastructure and growing prevalence of target diseases, such as epilepsy, Parkinson’s disease, and incontinence, are expected to drive the market further
  • Spinal cord stimulation products led the market in 2018 as they were the prime neurostimulation products to be commercialized. The segment further is estimated to maintain the dominance throughout the forecast period
  • Pain management was the dominant application segment, in terms of revenue share, in 2018 due to high prevalence of chronic pain disorders and extensive product usage for pain management
  • Some of the key companies are Medtronic PLC; St. Jude Medical; Boston Scientific Corp.; Cyberonics, Inc.; and Nevro Corp.
  • New product and technological development is the key business strategy followed by most if these companies

Transdermal Drug Delivery System Market 2020–2024

May 2020 | Report Format: Electronic (PDF)

The global transdermal drug delivery system market is expected to reach USD 81.4 billion by 2024, according to a new report by Grand View Research, Inc. The unprecedented global shift in the adoption of unhealthy lifestyles is presumed to be responsible for the high prevalence of chronic diseases, such as cancer and diabetes, which is expected to drive the clinical urgency to incorporate transdermal drug delivery systems in the future treatments. Moreover, the rising geriatric population base, which is highly susceptible to developing the aforementioned chronic diseases are expected to propel the demand for highly efficacious pharmacological drugs.

The market is driven by technological advancements in transdermal drug delivery devices, which is anticipated to serve the market with future growth opportunities. These advancements include advanced, third-generation, transdermal drug delivery technologies including iontophoresis, ultrasound, and microneedles or mechanical arrays. These technologies serve as effective transdermal drug diffusion alternatives that are capable of improving overall patient health and quality of life. For instance, the advent of matrix-controlled transdermal drug diffusion comprising a drug reservoir and a thermo effector, enhances skin permeation and enables controlled drug delivery.

North America Transdermal Drug Delivery System Market, by Technology, 2013–2024 (USD Billion)

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www.grandviewresearch.com/industry-analysis/transdermal-drug-delivery-systems-industry

Further key findings from the study suggest:

  • The cardiovascular application segment is expected to exhibit growth at a significant CAGR of over 12.0% during the forecast period. This is a consequence of the high clinical urgency to curb hypertension and the need for precise drug delivery at a constant rate, which has led to the development of transdermal drug delivery systems.
  • The mechanical array in the technology segment is anticipated to witness an exponential CAGR of over 12.5%. The lucrative growth is attributed to the availability of different forms of microneedle transdermal systems, such as solid, hollow, and dissolving microneedles, as per the suitability and needs of the patients.
  • In 2015, North America dominated the overall Transdermal Drug Delivery System Market at over 50.0%. The consistent number of product launches being undertaken and the continual participation of the prominent players in conducting clinical trials are anticipated to promote the incorporation of transdermal drug delivery systems.
  • The key players are increasingly involved in initiating collaborative strategies and frequent product launches to capture a larger market share. For instance, in September 2014, Noven Pharmaceuticals, Inc. received the FDA approval for Minivelle, estradiol transdermal system to be used for the prevention of postmenopausal osteoporosis. Furthermore, in June 2015, Boehringer Ingelheim GmbH sponsored the clinical trials, which investigated the bioequivalence of transdermal clonidine administration.

Facial Injectables Market 2020–2027

May 2020 | Report Format: Electronic (PDF)

The global facial injectable market size is anticipated to reach USD 21.57 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a 11.8% CAGR during the forecast period, owing to advancements in facial rejuvenation procedures and the increasing importance of medical aesthetics across the globe.

Development in products and procedures, as well as a change in patient demographics, is helping dermatologists and physicians treat multiple facial areas. These advancements help dermatologists or physicians develop customized treatment for patients and facilitate the use of combination products to obtain better outcomes. All these factors are expected to assist in market growth over the forecast period. Augmented products such as Botulinum Toxin Type A (BoNTA) and Hyaluronic Acid (HA) fillers are used in combination to improve outcomes, especially in the lower face procedures. HA fillers are mostly preferred by physicians due to their better acceptance (few instances of hypersensitivity reactions), biodegradable nature, and high viscosity as well as for the longevity they provide to the restored volume.

Minimally invasive surgeries are used for facial rejuvenation, endoscopy, laparoscopy, arthroscopy, and other procedures. These procedures are gaining popularity over time owing to faster recovery, low instances of postsurgery infections, lower pain, reduced scarring, and high accuracy and maximum benefits. For instance, as per the International Society of Aesthetic Plastic Surgery (ISAPS), more than 23.0 million surgical and nonsurgical cosmetic procedures were performed worldwide in 2017 and the number of HA-based surgeries performed was nearly 3,298,266. Such factors are expected to contribute to the growth of this facial injectables market over the forecast period.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/facial-injectables-industry

Further key findings from the study suggest:

  • The hyaluronic acid segment held a lucrative market share in 2019 and is expected to witness a significant CAGR over the forecast period owing to increasing preference for combination treatments, such as hyaluronic acid with BoNTA
  • The BoNTA segment is anticipated to witness the fastest CAGR over the forecast period due to increasing application in aesthetics and therapeutics
  • The aesthetics segment is expected to dominate the market during the forecast period owing to increasing expenditure on aesthetic procedures coupled with rising awareness regarding physical appearance among consumers
  • North America is expected to dominate the facial injectables market over the forecast period due to the growing geriatric population, consumer disposable income, and a surge in the number of facial procedures
  • Some of the key market players are ALLERGAN; Ipsen; Merz Pharma; Suneva Medical, Inc.; Medytox, Inc.; Sinclair Pharma; Bloomage BioTechnology Corporation Limited; Anika Therapeutics, Inc.; Prollenium Medical Technologies Inc.; and Galderma S.A.

CRM Devices Market 2020-2027

May 2020 | Report Format: Electronic (PDF)

The global cardiac rhythm management devices market size is anticipated to reach USD 34.1 billion by 2027, as per a new report by Grand View Research, Inc., registering a CAGR of 6.8% over the forecast period. The market has shown constant growth in the adoption of cardiac rhythm management (CRM) devices owing to increasing prevalence of cardiovascular disorders. Cardiovascular Diseases (CVDs) are one of the main causes of mortality in the U.S.; one-fourth of all deaths in the country are the result of CVDs. Stroke and ischemic heart disease account for more than 80% of all cardiac deaths worldwide. According to CDC in 2017, CVDs were responsible for about 800,000 lives lost in the U.S.

Reimbursement policies, such as those introduced by the U.S. Medicare system, are among the major factors boosting the CRM market. Medical device companies now provide new product platforms that are covered under reimbursement programs, which benefit cardiac patients. Reimbursement can be availed for devices such as biventricular pacemakers, single chamber, and dual chamber.

Revolutionary technological progresses are rapidly transforming the CRM devices market, offering lucrative growth potentials. Increase in R&D expenditure and new product launches by leading firms have further fueled market growth. For instance, Biotronik’s Rivacor and Acticor, both high voltage CRM devices for cardiac arrhythmia treatment, gained FDA approval in March 2019. In May that year, Medtronic launched the CareLink SmartSync Device Manager.

Some of the major players in the market for cardiac rhythm management solutions are Physio-Control, Inc. (Stryker); Medtronic; St. Jude Medical; and Boston Scientific Corporation, which account for a significant share in the market owing to their extensive product offerings. Industry players are striving to gain market penetration and adopting strategies such as new product launch and M&As. In March 2019, Zoll acquired Golden Hour Data Systems to optimize its operations with a complete suite of business solutions.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/cardiac-rhythm-management-devices-industry

Further key findings from the study suggest:

  • By product, defibrillators for cardiac rhythm management held the dominant share due to their high acceptance in countries such as U.S., China, and India
  • Implantable cardioverter defibrillators formed the largest sub-segment by product in 2019 owing to better patient outcome
  • Among external defibrillators for cardiac rhythm management, the manual variants generated the highest revenue owing to associated benefits such as converting arrhythmia or tachycardia to a normal heartbeat
  • Physio-Control, Inc. (Stryker); Medtronic; St. Jude Medical; and Boston Scientific Corporation are some of the major participants in CRM devices market due to their extensive product offerings and strong regional presence.