Wearable Medical Device Market to Observe Strong Development by 2022| Key Industry Participants Omron Corp., Sotera Wireless

San Francisco,10 October 2018: Global Wearable Medical Device Market is expected to reach USD 27.8 billion by 2022, according to a new report by Grand View Research, Inc. Rising prevalence of conditions such as obesity and hypertension, as a result of sedentary lifestyle is anticipated to boost the demand for wearable medical devices. Moreover, increasing health awareness is further expected to augment the demand for these devices. 

Additionally, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology. Technological innovation is projected to be vital for growth of this industry over the forecast period. Smart watches, smart bands, and smart clothing are anticipated to be the key areas for development. Increasing penetration of smart cellular phones is expected to assist growth of this technology. However, patient privacy and security concerns along with complexity in engineering are expected to impede growth of the industry. 

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Further key findings from the study suggest:

·       Diagnostic wearable medical devices held substantial share in 2014 owing to increasing usage in remote patient monitoring as well as home healthcare

·       Therapeutic wearable devices are anticipated to exhibit remunerative growth over the forecast period. Increasing penetration of products, such as insulin monitors, is assisting the growth of wearable equipment.

·       Diagnostic devices such as vital sign monitors are expected to witness lucrative growth over the forecast period. Rising incidences of chronic diseases are expected to boost the demand for this equipment.

·       Wearable medical devices have applications in sports & fitness monitoring, home healthcare, and remote patient monitoring. Home healthcare held significant shares of around 50.0% in 2014. Simplified usage of this equipment along with ability to synchronize with cellular phones as well as tablet devices assisted the growth of this segment.

·       On the contrary, remote patient monitoring is projected to exhibit growth rate of over 25.00% in the next seven years. Increasing geriatric population base coupled with demand for continuous monitoring is expected to fuel the growth.

·       Strap/clip/bracelet or watches held substantial shares of around 40.0% in 2014, and is expected to grow at a lucrative rate over the forecast period. Simplified engineering, aesthetically appealing products, and synchronization with mobile application are anticipated to drive this segment’s growth.

·       North America dominated the overall market with approximately 40.0% of shares. This can be attributed to increasing per capita income as well as rising healthcare spending, and advanced healthcare infrastructure and presence of OEM in this region.

·       Asia Pacific is projected to grow with a rapid rate of around 32.0% over the forecast period. Economic development coupled with improving healthcare systems is expected to help the industry grow in this region.

·       Key companies of the wearable medical devices industry include Fitbit Inc., Garmin, Vital Connect, Omron Corp., Sotera Wireless, Jawbone, Pebble Technology Corp., Basis Science, Inc., Withings, Intelesens Ltd., Covidien Plc, LifeWatch AG, Polar Electro, Philips Electronics, and Everist Genomics 

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global Wearable Medical Device Market on the basis of products and region:

Global Wearable Medical Devices Product Outlook (USD million), 2012 - 2022

·         Diagnostic devices

o    Vital sign monitors

o    Sleep monitoring devices

o    Electrocardiographs Fetal & Obstetric Devices

o    Neuromonitoring devices

·         Therapeutic devices

o    Pain management device

o    Insulin monitoring device

o    Rehabilitation device

o    Respiratory therapy device

Global Wearable Medical Devices Application Outlook (USD million), 2012 - 2022

·         Sports & Faintness

·         Remote Patient Monitoring

·         Home healthcare

Global Wearable Medical Devices Site Outlook (USD million), 2012 - 2022

·         Handheld

·         Headband

·         Strap, clip, bracelet and watches

·         Shoe sensors

·         Others

Wearable Medical Devices Region Outlook (USD million), 2012 – 2020

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

Access Press Release of Wearable Medical Device Market@ www.grandviewresearch.com/press-release/global-wearable-medical-device-market

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

Allantoin Market: Significant Profits Estimated to be Generated by 2022| Key participants Ashland Inc. and Clariant

San Francisco,10 October 2018: According to a report published by Grand View Research, Inc.; the allantoin market is expected to reach a valuation of around USD 641.7 million by 2022.

Increasing product in the production of preventive healthcare products due to its moisturizing, soothing, and anti-irritant properties can drive the market during the forecast period (2012 to 2022).

The allantoin enables a keratolytic and moisturizing effect on human skin, which helps to remove the dead skin cells, and improve the water content in skin. These beneficial properties are anticipated to drive its demand in cosmetics and personal care products. Additionally, increasing usage in the manufacturing of oral care products such as mouthwashes and toothpaste is also likely to create positive outlook for the market.

Worldwide allantoin market can be segmented on the basis of application and region.

As per application, the market can be segmented into oral hygiene, cosmetic, pharmaceutical, and other.

In 2016, the pharmaceutical segment estimated for over 31% share of total volume. The segment is expected to show rapid growth during the study period due to increasing use of the product in the manufacturing of wound healing lotions and creams due to its cell proliferation properties. These products are used for treating several skin diseases including eczema and psoriasis.

In 2016, cosmetic segment reported for over 32.8% market share. The segment is expected to grow with estimated CAGR of 6.2% during the forecast period on account of increasing product demand in the manufacturing of bath products, creams, gels, sun care lotions, and face care, hand care, and hair care products.

Access Research Report of Allantoin Market@ www.grandviewresearch.com/industry-analysis/allantoin-market

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

The product constitutes high demand as a plant growth regulator particularly in the established regions like North America and Europe. This is anticipated to create opportunities in the market.

Europe is likely to expand at projected CAGR of 5.6% during the forecast period. This growth can be associated with increasing demand for cosmetics and presence of established cosmetics and pharmaceutical manufacturers in this region. Additionally, high living standard of the citizens along with increasing demand for anti-aging products among female consumers is expected to support the growth in this region.

North America is expected to show significant growth. The U.S. is projected to grow at CAGR of 5.9% during the forecast period due to existence of several top pharmaceutical and cosmetics companies in the country.

Latin America is anticipated to grow at a CAGR of 6.4% during the forecast period due to growing foreign investments in the industries including personal care and pharmaceuticals.

In 2016, Asia Pacific estimated for the largest revenue share of 31.9% of total size. Rapidly growing cosmetics in this region owing to increasing economic condition and changing lifestyle can support the market growth in the coming years.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/organic-chemicals-and-compounds

Key companies operating in the market include Ashland Inc.; Huanghua Suntime Chemical Industry Co. Ltd.; Allan Chemical Corporation; Akema Fine Chemicals; and EMD Performance Materials Corporation.

The manufacturers in the market are likely to make high investments in R&D to increase the application scope for the product in pharmaceutical and personal care applications. The market is extensively pooled with established market participants, which has lead to high competition in the market. The industry is mainly dominated by established companies. The new entry in the market is likely to remain restricted due to requirement of high initial and operating cost. The market has a few numbers of participants who are concentrating on R&D activities to develop efficient and application specific product to meet continuously changing consumers demand. The players are increasingly focusing on improving their production capacity and technologies to improve production. Rising use of the product in cosmetic and pharmaceutical applications has forced major companies to surge their glyoxylic acid production volumes across the world, which is a crucial raw material for manufacturing the chemicals. Moreover, major companies in the market have integrated across the value chain by venturing into raw material manufacturing and distribution channel for reducing operative costs.

Access Press Release of Allantoin Market@ www.grandviewresearch.com/press-release/global-allantoin-market

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

Advanced Composites Market is Expected to Grow at a CAGR of 8.6% by 2024: Grand View Research Inc.

San Francisco,10 October 2018: According to a report by Grand View Research, Inc., global advanced composites market is anticipated to value USD 41.20 billion by 2024. Growing requirement for raw materials offering high strength and low weight is anticipated to propel demand for advanced composites. These composites are likely to offer properties such as resistance from heat & impact and high strength, which are highly useful in major end-use sectors.

High demand for light-weight vehicles among consumers is anticipated to fuel use of advanced composites in automotive sector. This, in turn, can influence growth of market over next few years. In addition, continual development of new fighter jets is likely to augment growth of global defense sector. Increasing use of aramid composites over asbestos in manufacturing of jet components attributed to high-performance efficiency can impact market growth in initial phase of forecast period. Growing adoption of aramid composites to produce rubber reinforcements, friction materials, and optical fibers can also stimulate market growth. Moreover, technological advancements in manufacturing processes including use of fluid handling mechanism can result in decline of overall price, which can further impel growth of market over the forecast period (2018 to 2024).

Stringent regulation on production of composite materials on account of critical nature of their usage are expected to hinder growth of market over the forecast period. In addition, high volatility in price of carbon fibers owing to varying prices of its raw materials can also restrain market growth over next few years.  

Access Research Report of Advanced Composites Market@ www.grandviewresearch.com/industry-analysis/advanced-composites-market

The advanced composites market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into carbon glass, and aramid. Aramid composites segment is expected to witness significant growth attributed to increasing use in automotive sector. Properties such as heat and impact resistance coupled with high strength can fuel product demand.

Similarly, carbon composites segment can also witness substantial growth owing to increasing use of carbon fiber products in manufacturing of airplanes. Composites account for 50% of total material required to manufacture any plane. Out of which 90% material used is likely to be carbon fiber products.

Based on application, the market can be classified into automotive, aerospace & defense, wind energy, sporting goods, and others. In 2016, automotive segment dominated the market and accounted for largest share. Increasing use of glass composites in automotive sector for production of components such as fender, instrument panel, bumper, and headlamp can fuel growth.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Similarly, wind energy segment is expected to witness significant growth over the forecast period. High demand for s-glass products in manufacturing of wind turbines attributed to rising adoption of wind energy globally can fuel growth.

On the contrary, aerospace & defense segment is estimated to grow at CAGR of 5.8% over the forecast period attributed to high demand for aramid fibers in manufacturing of aircraft components.

Regional segmentation includes Europe, Asia Pacific, North America, Central & South America, and Middle East & Africa. North America is anticipated to account for largest market share attributed to prevalence of large number of manufacturers including Hexcel Corporation. In addition, presence of consumer companies including General Motors, Boeing, and Lockheed Martin can also fuel market growth in the region.

In Europe, the market is expected to witness significant growth over the forecast period attributed to increasing use of advanced composites in automotive, aerospace & defense, and wind turbine sectors. In addition, rising production of wind energy in Spain & Germany is likely to surge demand for advanced composites over next few years. Hence, the market is estimated to grow at CAGR of 4.3% during the forecast period.

Some of the leading companies offering advanced composites are Teijin Limited, Hexcel Corporation, SGL Group, Owens Corning, and Huntsman Corporation. Most companies are likely to retain high market share by gaining proficiency in production of advanced products. Major market players are expected to focus on delivering customized solutions to their clients. Growing production of industry specific products is likely to increase switching cost for consumer companies. In addition, most companies are predicted to target their products for use in defense & aerospace sector attributed to significant growth of these sectors in every region. Moreover, few companies are likely to expand their reach to international markets attributed to rising penetration of composites in multiple application sectors.

Access Press Release of Advanced Composites Market@ www.grandviewresearch.com/press-release/global-advanced-composites-market

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

Tobacco Market is Expected to Exhibit a 2.8% CAGR by 2021| Key Industry Participants Japan Tobacco Inc.; Imperial Brands PLC

San Francisco,10 October 2018: The global tobacco market size is expected to reach USD 694.47 billion by 2021, according to a new study by Grand View Research, Inc., exhibiting a 2.8% CAGR from 2016 to 2021. The tobacco industry comprises a handful of players that grow, sell, and distribute tobacco-related products in the market.

Advanced technologies have assisted the tobacco industry in automating manufacturing processes, in contrast to traditional manufacturing techniques that were labor dependent. Automation has also helped market players to grow in terms of profitability as the cost of labor was being saved.

The global tobacco market is struggling due to ongoing restraints put by governments around the world on grounds of health issues, resulting in high taxes and unfavorable regulations. Tobacco manufacturing companies cannot market their products and are obligatory to issue health warnings on product packaging.

Rising health awareness, stricter government regulations on tobacco products, and increasing popularity of substitutes are adversely affecting market growth. Moreover, with tobacco manufacturers increasing the per unit price of cigarettes and other tobacco products due to increased tax, consumers are shifting preference to value-for-money products. This will also take its toll on industry growth.

Access Research Report of Tobacco Market @ www.grandviewresearch.com/industry-analysis/tobacco-market

Further key findings from the report suggest:

·       Cigarettes account for the largest share in the global tobacco market in terms of both revenue and sales. In 2016, the segment amounted to USD 562.61 billion, equivalent to 93.0% of the market’s overall value

·       The China market is anticipated to expand at a revenue-based CAGR of 2.6% from 2016 to 2021, while demand is also expected to witness a modest rise

·       Key industry participants include Altria Group, Inc.; Reynolds American Inc.; Hongyunhonghe Tobacco (Group) Co.; British American Tobacco p.l.c. (BAT), Ltd.; Japan Tobacco Inc.; Imperial Brands PLC; and Philip Morris International Inc.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/consumer-goods

Grand View Research has segmented the global tobacco market based on type and region:

Tobacco Type Outlook (Revenue, USD Billion, 2012 - 2021)

·         Cigarettes

·         Smoking Tobacco

·         Smokeless Tobacco

·         Cigars & Cigarillos

Tobacco Regional Outlook (Revenue, USD Billion, 2012 - 2021)

·         U.S.

·         Canada

·         U.K.

·         China

Access Press Release of Tobacco Market@ www.grandviewresearch.com/press-release/global-tobacco-market

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

Deep Learning Market is likely to Touch $10.2 Billion by 2025| Key Industry Participants IBM Corporation, and Microsoft Corporation

San Francisco,9 October 2018: The global deep learning market size is expected to reach USD 10.2 billion by 2025, according to a new report by Grand View Research, Inc. Considerable improvements in machine learning algorithms and advancements in deep learning chipsets are driving the industry growth.

Rapid improvements in fast information storage capacity, high computing power, and parallelization have contributed to the swift uptake of the deep learning technology in end-use industries such as automotive and healthcare. Further, the need for understanding and analyzing visual contents among enterprises in order to gain meaningful insights, is expected to provide traction to the industry over the forecast period.

The increasing prominence of Graphics Processing Unit (GPU)-accelerated applications is leading to increased adoption of the technology in scientific disciplines such as deep learning and data science. Organizations are utilizing deep learning neural networks to extract valuable insights from enormous amounts of data for providing innovative products and improving customer experience; thereby, increasing revenue opportunities.

The technology is expected to gain prominence among key players and researchers, owing to its use in improvising artificial intelligence capabilities in Natural Language Processing (NLP), image & speech recognition, and computer vision areas. Solution providers are resorting to partnerships and collaborations to enter the deep learning space. For instance, in January 2016, Movidius collaborated with Google, Inc. to enhance its deep learning capabilities on mobile devices. In September 2016, Intel Corporation announced the acquisition of Movidius for improvising its computer vision and deep learning solutions.

Access Research Report of Deep Learning Market@ www.grandviewresearch.com/industry-analysis/deep-learning-market

Further key findings from the report suggest:

·      The hardware segment is expected to witness the fastest growth due to increased demand for high computing chipsets which are used to run deep learning algorithms

·       The Field Programmable Gate Array (FPGA) segment is expected to witness considerable growth on account of its enhanced power efficiency and capability to bridge the GPU performance gap using multiple FPGAs

·       The healthcare segment is anticipated to grow at a significant rate of over 55%, as the technology is outspreading the translational bioinformatics, medical imaging, and sensor-driven analysis

·      The Asia Pacific deep learning market is expected to be the fastest-growing regional market due to increasing spending on artificial intelligence and cognitive computing technologies

·       The key industry players include Intel Corporation, NVIDIA Corporation, IBM Corporation, and Microsoft Corporation

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the deep learning market based on solutions, hardware, services, applications, end-uses, and regions:

Deep Learning Solution Outlook (Revenue, USD Million; 2014 - 2025)

·         Hardware

·         Software

·         Service

o    Installation services

o    Integration services

o    Maintenance & support services

Deep Learning Hardware Outlook (Revenue, USD Million; 2014 - 2025)

·         Central Processing Unit (CPU)

·         Graphics Processing Unit (GPU)

·         Field Programmable Gate Array (FPGA)

·         Application-Specific Integrated Circuit (ASIC)

Deep Learning Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Image recognition

·         Voice recognition

·         Video surveillance & diagnostics

·         Data mining

Deep Learning End-use Outlook (Revenue, USD Million; 2014 - 2025)

·         Automotive

·         Aerospace & defense

·         Healthcare

·         Manufacturing

·         Others

Deep Learning Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East and Africa

Access Press Release of Deep Learning Market@ www.grandviewresearch.com/press-release/global-deep-learning-market

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