Bioceramics Market is Estimated to Reach $19.05 Billion by 2022 with Growing CAGR of 6.2%|Top Industry Players Straumann, Nobel Biocare

San Francisco, 28 September 2018: Global bioceramics market is expected to reach USD 19.05 billion by 2022, according to a new report by Grand View Research, Inc. Rising ageing population coupled with increasing occurrences of osteoarthritis is expected to augment market growth over the next seven years. Growing need to maintain a healthy lifestyle coupled with introduction of new low cost preventive care measures has led to the utilization of medical devices, which is expected to augment expansion of the industry. 

Alumina dominated the global market, in terms of material, accounting for over 62% in 2014. Bioinertness, hardness and high abrasion resistance are some of its qualities, resulting in the extensive use of alumina implants for dental and joint applications. Growing demand for biocompatible materials to increase acceptance by the patients’ body as well as reduce the occurrence of infections post surgery is expected to augment demand for alumina over the forecast period.

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Further key findings from the report suggest:

·       Global bioceramics market demand was USD 12.31 billion in 2014 and is expected to reach USD 19.05 billion by 2022, growing at a CAGR of 6.2% from 2015 to 2022.

·       Rising ageing population in developed economies has been a major factor for positive growth over the past few years and this trend is likely to continue in the near future. Increasing trend of early surgical intervention by doctors in case of joint replacements has resulted in growing demand for knee, shoulder and hip implants. This will result in increasing penetration of bioceramics in the orthopedic sector generating revenues worth USD 7.87 billion by 2022.

·       Advancements in medical technology and demand for sophisticated medical services & devices are expected to augment demand for bioceramics over the forecast period. Changing food consumption patterns among younger population coupled with lack of nutrition in diet have contributed towards cavity formation and damaged tooth health. This has led to increasing demand for dental crowns, bridges, and bristles which has eventually contributed towards increasing penetration of bioceramics in dental care.

·       Europe was the largest market and is expected to witness gains at a CAGR of 5.7% from 2015 to 2022. Positive outlook towards the orthopedic sector, mainly in Germany, is expected to drive market growth.

·       Key industry players including CeramTec, Amedica Corporation, Zimmer Biomet Holdings, Inc, DOCERAM Medical Ceramics GmbH, Straumann, Nobel Biocare and CoorsTek Medical, LLC. These companies are investing heavily in research and development activities of bioceramics materials. Companies such as CIRTEC Medical Systems perform thermal shock testing of brazed and ceramic components which help in making robust designs. In addition, the company is also using x-ray and dye penetration technology to evaluate various ceramic components. 

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Grand View Research has segmented the global bioceramics market on the basis of material, application and region:

Global Bioceramics Material Outlook (Revenue, USD Million, 2012 - 2022)

·         Alumina

·         Zirconia

·         Others

Global Bioceramics Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Dental

·         Orthopedic

·         Others

Global Bioceramics Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

o    U.S.

·         Europe

o    Germany

·         Asia Pacific

o    Japan

o    China

·         RoW

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Aerosol Caps Market to Grow at Moderate CAGR of 4.7% CAGR Through 2025: Grand View Research Inc.

San Francisco, 28 September 2018: The global aerosol caps market is expected to reach USD 440.5 million by 2025, growing at a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Increasing demand for the product in aerosol used in personal care and household application is expected to drive growth.

Growing demand for the aerosols in the automotive & industrial application is expected to drive industry growth over the next eight years. The increasing utilization of aerosol paint cans in enhancing the aesthetic value of the vehicle is expected to drive the demand over the forecast period.

The increasing use of aerosol products in the personal care industry is expected to have a positive impact on the demand. However, the substitution by new technologies in the aerosol industry is expected to restrain growth. In addition, the rising environmental & human health concerns pertaining to aerosol products is expected to restrain growth.

The industry is fragmented with local manufacturers accounting for majority of the market share. These players cater to their existing customers and provide personalized services to retain them. As a result, players catering to the global market struggle to acquire new customers in a supplier saturated market.

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Further key findings from the report suggest:

·       Personal care accounted for 45.3% of the overall revenue share in 2016 on account of the growing demand for aerosol products in hair care and skin care applications coupled rising consumer grooming standards

·       Automotive & industrial applications accounted for over 23.5% of the volume share in 2016 owing to high utilization of bug & tar remover, cleaner, degreaser aerosol sprays coupled with growing automotive industry

·       Food & paints applications accounted for over USD 75 million on account of the growing demand for aerosol technology in manufacturing spray paint cans, cheese cans and other related products

·      The U.S. accounted for 24% of the overall industry owing to the presence of major automotive players in the country coupled with increasing demand for aerosol technology in automotive industry

·      The major players in industry are vertically integrated and adopt different technologies for improving the quality of raw materials and molding techniques to enhance the quality of the aerosol caps

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Grand View Research has segmented the global aerosol caps market on the basis of application and region:

Aerosol Caps Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

·         Personal Care

·         Household

·         Automotive & Industrial

·         Foods

·         Paints

·         Medical

·         Others

Aerosol Caps Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    India

o    Japan

·         Central & South America

o    Brazil

·         Middle East & Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Global Medical Billing Outsourcing Market to Register Stable Expansion by 2024|Key Industry Participants Cerner Corporation; EClinicalWorks

San Francisco, 28 September 2018: The medical billing outsourcing market was valued at USD 6.3 billion in 2015 and is anticipated to reach a value of USD 16.9billion by 2024, according to a new report by Grand View Research, Inc. Large amount of medical code representation for diagnosis and treatment coupled with the presence of multiple payers renders medical billingan intricate part of any medical practice, posing significant challenges. The challenge mounts when this process mandates adherence to the International Classification of Diseases-10th revision (ICD-10) code along with dealing with rising healthcare costs and declining reimbursements. Challenges in managing in-house billing processes include setbacks experienced in the IT structure, untrained staff, billing errors, and lack of proper financial policy in place. In order to curb or alleviate these challenges, several healthcare providers,such as acute care hospitals and clinics/physician offices, prefer outsourcing their medical billing process. According to studies, in 2015, 95% of independent physicians have acknowledged that outsourcing revenue management is the right decision.

Healthcare providers face certain challenges in ascertaining the disadvantages of in-house operation or benefits of outsourcing revenue management operations;hence, they arrived at this decision by implementing thorough assessment and evaluation of the revenue percentage they spend on several billing operations. Currently, the healthcare system is witnessing a subsequent increase in outsourcing of medical billing services by hospitals and physicians. This increase is attributed to factors such as obligatory implementation of complex ICD-10 coding system, increasing healthcare costs, and federal mandate to implement electronic medical records (EMR) to maintain reimbursement levels.

Furthermore, clinics/physician offices are gradually outsourcing their revenue management to cut unnecessary costs and prevent the burden of managing an administrative team to ensure effectivehandling of in-house billing functions.

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Further Key Findings From the Study Suggest:

·       North America reported highest revenue growth in this market. The U.S. is witnessing rapid changes in healthcare structure reflected by implementation of new medical coding system known as the ICD-10 coding as well as pressure from the government to implement EMR management system. These changing regulations coupled with rising healthcare costs are major growth drivers for the market in this region.

·       Multispecialty medical groups are implementing consolidation requiring electronic health record (EHR) integration and building large healthcare networks This integrationcreates a need forRevenue CycleManagement (RCM), which in turn demands additional expertise and trained personnel to manage the same. Consolidation of large healthcare practices is expected to be a one of the factors that will help in the growth of the market.

·       Hospitals end-use segment accounts for the largest market share in the medical billing outsourcing market. The ability to gain total control over billing procedures and minimize loss is the main focus of these providers. As healthcare costs rise and profits are decline, RCMoutsourcing is expected to be the best practice considered by these care facilities to manage their revenue.

·       Some of the key players in this industry include Accretive Health, Inc.; Allscripts; Cerner Corporation; EClinicalWorks; Experian Information Solutions, Inc.; GE Healthcare; Genpact; HCL; Kareo; McKesson Corporation; Quest Diagnostics; and The SSI Group.

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Grand View Research has segmented the medical billing outsourcing market bycomponent, service and end user:

Component Outlook (Revenue, USD Million, 2013 - 2024)

·         In-House

·         Outsourced

Service Outlook (Revenue, USD Million, 2013 - 2024)

·         Front End

·         Middle End

·         Back End

End User Outlook (Revenue, USD Million, 2013 - 2024)

·         Hospitals

·         Physician Offices 

·         Others

Regional Outlook (Revenue, USD Million, 2013 - 2024)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    Japan

o    India

o    China

·         Latin America

o    Brazil

o    Mexico

·         MEA

o    South Africa

o    Saudi Arabia

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Heavy Construction Equipment Market To Make Great Impact In Near Future by 2025|Top Industry Players Deere & Company, Doosan Bobcat

San Francisco, 28 September 2018: According to a report by Grand View Research, Inc., global heavy construction equipment market is anticipated to value USD 90.4 billion by 2025. Growing requirement for infrastructural development in many countries globally to boost economic growth is anticipate to propel demand for heavy construction equipment. These advanced equipment are likely to make difficult construction tasks convenient and increase work efficiency.

Rising investments in infrastructure sector to execute various construction activities such as roads and commercial & residential buildings is anticipated to propel demand for heavy construction equipment. High demand for residential properties attributed to increasing population is likely to increase price of such properties. This, in turn is expected to influence growth of market in the forthcoming years. Growing adoption of flight as convenient mode of transportation is anticipated to propel demand for airports. Favorable government initiatives to expand airports globally is expected to fuel growth of market during the forecast period (2014 to 2025).  

The heavy construction equipment market can be segregated on the basis of product, application, and region. Based on product, the market can be classified into material handling machinery, concrete & road machinery, earth moving machinery, and others. Earth moving machinery segment dominated the market and accounted for largest market share in 2016. It is likely to grow at remarkable pace while accounting for maximum market share equivalent to USD 36.6 billion by 2025. Rising investments in development of transport infrastructure from countries such as India, Indonesia, and Malaysia can fuel demand for earth moving machinery.

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On the contrary, material handling machinery accounted for 28% market share in terms of revenue in 2016. Growing construction of high-rise buildings is likely to generate demand for material handling machinery such as dumpers, cranes, forklifts, and telescopic handlers.

Moreover, concrete and road construction equipment accounted for 18.9% market share in 2016. Increasing use of machines such as rollers, pavers, and transit mixers for handling and transporting concrete material can influence market growth during the forecast period.

Based on application, the market can be categorized into real estate, infrastructure, and others. In 2016, infrastructure segment dominated the market and accounted for 49.9% market share. High demand for better transportation systems attributed to growing urbanization can influence growth. The segment is expected to grow at significant rate during the forecast period owing to rising demand for heavy duty construction equipment from developing countries such as India and China.

In addition, real estate is expected to emerge as fastest growing application segment during the forecast period. It is likely to grow at CAGR of 6.3% attributed to development of smart cities in countries such as France, India, and Singapore.

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Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In Asia Pacific, the market is expected to dominate the market during the forecast period. It is expected to increase its market share from 39.4% in 2016 to 43.9% by 2025. Growing construction sector in the region is likely to impel demand for heavy duty construction equipment in the forthcoming years. In addition, plans of Chinese government to upgrade its transportation infrastructure through projects such as national trunk highway system and national high-speed railway can influence market growth in this region.

Similarly, in Central and South American region, the market is likely to witness high growth rate during the forecast period attributed to rising demand for heavy duty construction equipment. Growing investments in development of roadway infrastructure can bode well for regional growth.

In North America, United States (U.S.) is expected to witness downfall in construction sector from past few years. However, investment in non-residential private construction is expected to increase from USD 267 billion in 2010 to USD 400 billion in 2016. Since 2017, construction sector in U.S. had witnessed steady growth owing to high demand for residential homes. This, in turn, stimulated demand for heavy duty machinery in the region.

Some of the leading companies offering heavy construction equipment are XCMG Group; SANY Group; Caterpillar Inc.; Komatsu Limited; and AB Volvo. Most companies are likely to get involved in mergers and acquisitions to expand their market portfolio.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Heat Treating Market is Anticipated to Exhibit a 3.5% CAGR during the Forecast Period| Top Industry Leaders American Metal Treating Inc

San Francisco, 28 September 2018: According to a report published by Grand View Research, Inc.; the heat-treating market is likely to reach a valuation of around USD 122.34 billion by 2025.

Growing application in several sectors including aerospace, machining, construction, automotive, and electrical and electronics can propel the market during the forecast period (2014 to 2025).

Automotive and aerospace industries are expected to play crucial role in boosting demand for these services in the coming years. Demand for these services in automotive and aerospace are expected to increase due to high demand for commercial vehicles and rising air passenger traffic. Several components of automobile suffer with heavy stress and therefore requires better durability. Thus, efficient treating process can enhance the mechanical performance.

However, usage of conventional technology and processing methods by the small and medium manufacturers in developing countries is likely to hinder the market growth.

Worldwide heat-treating market can be segmented on the basis of material, process, equipment, application, and region. 

As per material, the market can be bifurcated into steel, cast iron, and others. Aluminum sector is likely to show high growth in the years to come. Increasing demand for lightweight components coupled with high tensile strength for airplane and automobiles in order to cut primary and secondary weight is expected to increase demand for aluminum. Steel segment dominated the market earlier, still the segment is expected to drop its position during the forecast period. This can be attributed due to rising use of aluminum and other metal to manufacture components in aerospace and automotive industries. Cast iron material is expected to show sluggish growth over the forecast period due to use of other metals such as aluminum, titanium, nickel, and copper in several end-use industries.

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Based on process, the market can be categorized into hardening and tempering, annealing, case hardening, normalizing, and others. In 2016, case hardening segment estimated for over 25.0%. the process is expected to exhibit high growth due to growing use of case hardening process like carburizing, carbonitriding, and cyaniding in wide range of end-use applications.

On the basis of equipment, the market can be classified into fuel-fired furnace, electrically heated furnace, and others.

As per application, the market can be split into aerospace, automotive, metalworking, machine, construction, and others. In 2016, automotive segment estimated for the largest market share and likely to continue this trend over the forecast period. Rising production of vehicles and increasing demand for fuel-efficient cars and light commercial vehicles is expected to boost the segment.

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Geographically, the market can be divided into North America, Asia Pacific, Europe, Central & South America, and Middle East & Africa.

In 2016, Asia Pacific accounted for the largest revenue share and likely to grow at a CAGR of 3.9%. Rising growth of construction, aerospace, and automotive sectors across major developing countries such as China, Indonesia, and India are likely to increase demand for these services in the region. Aerospace application in the region is likely to show highest growth in the region in the coming years due to growing manufacturing of airplane parts and systems in developing countries such as China and India. Rapid infrastructure development in the region is also expected to boost construction activities. This is expected to increase the demand for these services over the forecast period.

The U.S. is expected to support the market growth in North America. The automotive and aerospace industry are recognized as the major drivers for the market growth in the region. Additionally, growing production of automobile as well as other manufacturing activities in Mexico is expected to boost the demand in the years to come.

Some of the major companies in the market include Solar Atmosphere Inc.; Bohler Uddeholm; American Metal Treating Inc.; Bodycote Heat Treatments Ltd.; and Ajax Tocco International Ltd. Participants in the market are increasingly adopting vertical integration across the value chain. The companies are focusing on incorporation of heat treatment conveniences inside the automobile manufacturing facilities. The vendors are also emphasizing on technological collaborations, mergers, and acquisitions between furnace manufacturers.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com