Mixed Mode Chromatography Resin Market to Witness a Pronounce Growth by 2025|Key Industry Participants Danaher Corp, W.R Grace

San Francisco, 2 November 2018: The global mixedmode chromatography resin market size is expected to reach USD 130.3 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a 7.1% CAGR during the forecast period. Growing number of contract manufacturing organizations (CMOs) and contract research organizations (CROs), along with increasing use of chromatography resin in separation of monoclonal antibodies, is anticipated to propel the market.

The Ion exchange - Hydrophobic resin segment is expected to dominate the global market till 2025. Demand for this technique is attributed to growth in drug discovery by pharmaceutical companies. These companies use chromatography techniques to separate complex mixtures and purification of materials. Increasing number of epidemic diseases such as Zika and Ebola is expected to further boost the mixed mode chromatography resin market.

Asia Pacific, especially China and India, is expected to generate significant demand for mixed mode chromatography resin owing to growing pharmaceutical sector, coupled with abundance of high skilled workforce and increase in disposable income.

Presence of global pharmaceutical and biotechnology companies, along with their research and development facilities, has enabled North America to be a key market for mixed mode chromatography resin. Massive healthcare expenditure is also driving the expansion of the market in this region.

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Further key findings from the report suggest

·       The market is projected to exhibit a CAGR of 7.1% from 2018 to 2025 on account of budding pharmaceutical and biotechnology sector

·       Ion exchange - Hydrophobic Resin will witness the fastest growth in terms of revenue at a CAGR of 7.6% from 2018 to 2025

·        Asia Pacific is expected to grow at a significant pace and was valued at USD 22.4 million in 2017 on account of increasing number of pharmaceutical companies and rising expenditure in healthcare

·       Key players in the market include Merck KGaA, Purolite Corp, Danaher Corp, W.R Grace, GE Healthcare Lifesciences, and Bio-Rad Labs

·       In November 2015, Sigma-Aldrich was acquired by Merck KGaA, allowing the company to foray into the chromatography market.

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Grand View Research has segmented the global mixed mode chromatography resin market on the basis of technique, end use, and region:

Mixed Mode Chromatography Resin Technique Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

·         Ion exchange - Hydrophobic

·         Hydroxyapatite

·         Others

Mixed Mode Chromatography Resin End-use Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

·         Pharmaceutical & Biotechnology

Mixed Mode Chromatography Resin Regional Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

·         Europe

o    U.K.

o    Germany

o    France

·         Asia Pacific

o    China

o    India

o    Japan

o    South Korea

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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

Lithium-Ion Battery Market is Expected to Reach $93.1 Billion by 2025| Top Industry Players GS Yuasa International Ltd., Samsung SDI Co., Ltd

San Francisco, 2 November 2018: According to a report by Grand View Research, Inc.; the global lithium-ionbattery market is anticipated to attain USD 93.1 billion by 2025. Growing requirement for cost-effective and light-weight energy storage solutions is anticipated to propel market growth over the forecast period (2018 to 2025). This battery can offer high safety level and energy density as compared to conventional batteries. This factor is anticipated to fuel demand in near future.

Increasing number of photovoltaic (PV) installations and nuclear power plants attributed to commencement of new wind energy projects can positively influence market growth. Rising adoption of lithium-ion batteries in medical equipment can stimulate market over the next few years. Rising use in portable electronics, electric vehicles, and grid storage systems attributed to high safety level and energy density can spur market growth during the forecast period.

The worldwide lithium-ion battery market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), lithium Nickel Cobalt Aluminum oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate (LTO), and Lithium Nickel Manganese Cobalt (NMC). In 2016, NMC dominated the market and accounted for around 26% of market share. Growing adoption in e-bikes, powder tools, and other electronic powertrains on account of its higher energy density, longer lifecycle, and lower cost can fuel demand over the forecast period. In addition, NMC can offer high capacity, high power, high performance, and excels on specific energy.

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Similarly, the LFP segment is likely to expand at a CAGR of 17.5% from 2017 to 2025. LFP batteries can offer advanced safety and long life span to product. There is a high demand from stationary and portable applications due to requirement for high load currents and endurance. This, in turn, can positively influence market growth over the forecast period. In addition, continual R&D activities by manufacturing companies for development of high-quality and effective products can augment market expansion. Moreover, favorable government regulations coupled with provision of subsidiaries for Electric Vehicles (EVs) can fuel product sales.

Based on application, the market can be classified into automotive, energy storage systems, consumer electronics, and industrial. In 2016 consumer electronics dominated the market and accounted for largest market share equivalent to USD 11.92 billion. Reliability and high durability of these batteries in consumer appliances such as smartphones and laptops can influence market growth over next few years. In addition, expanding electronics sector in countries like Japan, Taiwan, China, and South Korea can fuel demand for lithium-ion batteries during the forecast period.

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Similarly, energy storage systems segment is expected to expand at CAGR of 21% from 2017 to 2025 attributed to increasing off-grid installations. Favorable government initiatives coupled with growing number of solar PV installations in China, United States, and Germany can augment market growth. Moreover, rising concern for air pollution, carbon emissions, and greenhouse gases can fuel adoption of solar power during the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific is expected to expand at CAGR of 17.7% from 2017 to 2025. Growing demand for tablets and mobiles in China, Japan, India, and Thailand among other countries can propel regional market. Rising lithium-ion battery production capacity in China by numerous market players including Panasonic, LG, and Contemporary Amperex Technology Ltd. (CATL) can further fuel expansion. Moreover, rising government subsidies for electric vehicles is likely to create immense market potential over the forecast period. Wind capacity output can cross 200GW by 2020 and can drive demand for energy storage systems in the country. This, in turn, can influence market growth over next few years.

In North America, the market is anticipated to witness substantial growth during the forecast period. This expansion can be attributed to increasing sale of consumer electronics and electric vehicles sales in countries including Mexico and United States. Rising demand for lithium-ion batteries in smartphones owing to their ability ty offer extended shelf life and enhanced efficiency can augment demand in the forthcoming years.

Some of the leading companies operating in the global lithium-ion battery market are BYD Co., Ltd, LG Chem, Panasonic, Samsung, and GS Yuasa Corporation.

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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

Ophthalmic Devices Market is Expected to Reach $55.5 Billion by 2024| Top Industry Players Alcon, Inc., Bausch & Lomb, Inc

San Francisco, 1 November 2018: The global ophthalmicdevices market is expected to reach USD 55.5 billion by 2024, according to a new report by Grand View Research, Inc. The rising geriatric population base is presumed to propel the need for ophthalmic devices as this age group is more prone towards the development of chronic eye disorders. The rising prevalence of eye disorders such as macular degeneration, cataract, diabetic retinopathy and glaucoma is also boosting the growth of ophthalmic devices.

Approximately 10% of the people suffering from eye disorders will experience loss of vision in spite of the proper treatment as per the statistics of the WHO, driving the clinical urgency to incorporate highly advanced ophthalmic devices. Additionally, the rising demand for minimally invasive and complication-free operative surgeries is expected to upsurge the demand for ophthalmic devices.

The ophthalmic devices market growth can also be attributed to technological advancements such as the development of intraocular lenses, mydriatic fundus cameras, and OCT devices. Furthermore, the increasing involvement of market players in expanding treatment solutions through strategic alliances is expected to present this market with a potential growth platform. For instance, in May 2016, Bausch & Lomb through its enterprise partnership with Apple and IBM will develop a cataract surgery app that would integrate patient data, calculation data, and records thereby helping cataract surgeons’ work efficiently. The app will be enabled with IBM’s cognitive computing capabilities to reduce surgical errors.

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Further key findings from the study suggest:

·       The vision care segment dominated the product segment of the overall ophthalmic devices market in terms of revenue share at over 78.0%in 2015,owing to its adoption in vision correction procedures and the rising number of initiatives to promote the awareness pertaining to vision care

·       For instance, in April 2016, Alcon announced its support to the “Think About Your Eyes”, which is a public awareness program. Alcon committed USD 4 million to support this initiative to promote the awareness pertaining to vision care

·       The diagnostic& monitoring devices segment is expected to grow at the fastest CAGR at over 7.0% in 2015. This can be attributed to the fact that diagnosis is an indispensable process in the treatment of eye disorders and is responsible for contributing towards the diagnostics & monitoring segment’s growth

·       In 2015, North America dominated the overall ophthalmic devices market at over 36.0%owing to the increasing utilization of ophthalmic devices in hospitals and private clinics. Moreover, subsequent changes in demographic trends, such as a rise in the geriatric population & unhealthy lifestyles, are presumed to drive the market in this region. Moreover, high R&D investments in the development of new products are expected to impel the market growth in North America

·       Asia Pacific is anticipated to be growing at the fastest CAGR of around 7.0% over the forecast period due to the presence of untapped opportunities in the emerging economies in China and India. Moreover, the increasing government initiatives towards healthcare infrastructure; for instance, in China, healthcare reforms through an initiative called New Health Care Reform Plan implemented by the Chinese State Council and the Communist Party of China (CPC) Central Committee is expected to drive growth of the Chinese regional market.

·       Some key players in this market are involved in adopting collaborative strategies and indulge in frequent product approvals to facilitate business and geographical expansions. For instance, in February 2016, Alcon acquired Transcend Medical, Inc., in a probe to expand its business in the treatment of glaucoma. This acquisition added Minimally Invasive Glaucoma Surgical (MIGS) devices to Alcon’s product portfolio.

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Grand View Research has segmented the ophthalmic devices market on the basis of product and region:

Global ophthalmic devices product outlook (Revenue, USD Million, 2013 - 2024)

·         Diagnostics & Monitoring Devices

·         Surgical Instruments

·         Vision Care Products

Ophthalmic devices regional outlook (Revenue, USD Million, 2013 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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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

Speech Analytics Market is Expected to Reach $1.64 Billion by 2025| Key Industry Participants Call Miner, Nexidia

San Francisco, 1 November 2018: The speechanalytics market is expected to reach USD 1.64 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to witness a robust growth exceeding a CAGR of 10% over the forecast period. This growth is ascribed to the increasing emphasis by organizations on improving the market intelligence capabilities along with the growing prominence of voice in the multi-channel world.

The number of contact centers is increasing, resulting in industry players to innovate speech analytics solutions, which help companies understand the changing customer requirements. The technology has been increasingly adopted in consumer electronics devices, including laptops, smartphones, and tablets, as it significantly increases the enterprise’s scope as well as improves performance. This, in turn, has resulted in elevating adoption of speech analytics solutions worldwide. In addition, upcoming technologies, such as voice print authentication, are estimated to spur growth over the coming years.

Furthermore, the rising demand for risk management solutions and cloud analytics is also anticipated to favorably impact growth over the next nine years. These solutions offer several growth opportunities as this solution helps optimize performance and enhance customer experience. However, issues pertaining to lack of awareness and rise in cost may pose a challenge to the speech analytics market growth in the near future.

Access Research Report of Speech Analytics Market@ www.grandviewresearch.com/industry-analysis/speech-analytics-market

Further key findings from the report suggest:

·       The service segment is anticipated to grow at a CAGR exceeding 8.0% from 2016 to 2025, which is attributed to the wide product and solution portfolio offerings by service firms operating in the market.

·       The cloud-based deployment segment captured over 25.0% of the total revenue share in 2015 and is anticipated to exhibit growth of over 9.0% from 2016 to 2025, primarily ascribed to the cost benefits and improved performance offered by cloud over the on-premise solutions, along with the increasing adoption of cloud analytics in contact centers.

·       Speech analytics allows organizations to work on unstructured data obtained through customer interactions to enhance customer experience and gain a competitive advantage on account of which the small & medium-sized enterprise segment is expected to gain prominence over the forecast period.

·       The telecommunication segment accounted for a significant market share in 2015, capturing over 15% of the entire revenue share in the same year, which is majorly due to the integration of speech analytics into enterprise systems to enhance efficiency as well as customer experience.

·       Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 12.0% over the forecast period, which is mainly on account of rapid industrialization, and since, organizations have become more competitive and are focusing on better customer service. 

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

Grand View Research has segmented the speech analytics market on the basis of type, deployment, enterprise size, end-use, and region: 

Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Solution

·         Service

Deployment Outlook (Revenue, USD Million; 2014 - 2025)

·         On-premise

·         Cloud

Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

·         Small & Medium Enterprise

·         Large Enterprise

End-Use Outlook (Revenue, USD Million; 2014 - 2025)

·         BFSI

·         Telecommunication

·         IT

·         Retail

·         Healthcare

·         Government

·         Hospitality

·         Others

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

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         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

Medical Polymers Market Expected to Witness a Sustainable Growth over 2020| Key Industry Participants Celanese Corporation, Eastman Chemicals

San Francisco, 1 November 2018: According to a report by Grand View Research, Inc., global medicalpolymers market is anticipated to value USD 17.05 billion by 2020. Growing requirement for durable and light weight medical devices and equipment is anticipated to propel demand for medical polymers. These polymers are likely to chemical inertness and superior fatigue resistance, low cost, and high flexibility.

High demand for advanced medical instruments attributed to rising cases of chronic diseases can surge demand for medical polymers over next few years. Rising healthcare expenditure coupled with increasing number of hospitals and medical centers globally can fuel growth of market. Growing need for surgical instruments such as clamps, gloves, syringes, medical bags owing to rising adoption of surgeries among patients can influence market growth. Increasing number of geriatric population globally liable to chronic diseases are likely to fuel demand for medical devices and equipment. This, in turn, can surge growth of medical polymers market over the forecast period (2012 to 2020). 

The medical polymers market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into medical elastomers, medical resins & fibers, biodegradable plastics, and others. In 2016, fibers and resins segment dominated the market and accounted for 86% of overall volume. Increasing use of fibers and resins in multiple applications such as cranial injuries, hip & joint replacement, spinal implant attributed to low cost and bio-compatibility. This, in turn, can fuel growth of segment over next few years.

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On the contrary, biodegradable plastics segment is likely to grow at highest CAGR of 15.8% over the forecast period owing to growing awareness regarding health concerns related to synthetic polymers.

Based on application, the market can be classified into medical packaging, medical equipment & devices, and others. Medical equipment and devices segment is expected to contribute well for growth of market over next few years attributed to rising cases of chronic diseases globally. In addition, rising healthcare expenditure among consumers living in United States, Germany, and China can drive market growth during the forecast period. It is likely to grow at CAGR of 8.8% over the forecast period owing to growing home-care sector.

Similarly, packaging segment can grow at CAGR of 7.8% in terms of revenue over the forecast period. Growing adoption of medical polymers in pharmaceutical packaging can influence growth of segment during next few years.

Regional segmentation includes Europe, Asia Pacific, North America, and rest of the world. North America is expected to dominate the market and account for largest market share over the forecast period. Growing prevalence of chronic diseases coupled with expansion of insurance coverage can fuel growth of market in the region. In addition, rising awareness regarding health benefits of medical polymers owing to low cost advantage over ceramics and metals can fuel market growth. Moreover, high performance offered by medical devices made from polymers can spur growth of market in the region.

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In Asia Pacific, emerging economies such as China and India are likely to witness significant growth over the forecast period. It is expected to reach market value of USD 4.07 billion by 2020 attributed to rising adoption of  high performance polymers for disposable medical components. In addition, high demand for medical devices owing to rising medical tourism is expected to propel growth of market in the region. Moreover, increasing R&D investments from Chinese government for producing advanced medical polymers can augment market growth in the region.

Some of the leading companies offering medical polymers are Bayer Material Science AG, Celanese Corporation, Eastman Chemical, Exxon Mobil Corporation, and Shanghai New Shanghua Polymer Material Co. Ltd. The market is expected to be characterized by extensive integration by major market players through different stages of value chain. Most companies are likely to distribute their products via dedicated supply networks. In addition, they can also offer customized products according to applications for which product is supposed to be used. Moreover, this market is subject to multiple technological advancements related to advanced polymers that can be used in healthcare sector. Development of new and innovative products is expected to be one of those business strategies adopted by manufacturing companies to gain traction among consumers.  

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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 Device Testing Services Market to Account for $13.4 Billion by 2025|Top Industry Players Eurofins Scientific, LLC; Intertek Group plc

San Francisco, 1 November 2018: According to a report published by Grand View Research, Inc.; the medicaldevice testing service market is expected to reach a valuation of around USD 13.4 billion by 2025.

Strict regulatory standards related to user safety and high demand for good quality products can propel the market over the forecast period (2014 to 2025). In addition, substantial rise in preclinical expense for pharmaceutical as well as medical device is expected to support the market growth.

Increasing complexity in product design along with strict regulatory policies is one of the crucial trends driving the market growth. Factors such as introduction of personalized medicines, artificial intelligence, drug device combinations, wearables, and real-time patient monitoring have led to complex medical device ecosystem. This has increased the need for testing services to get approvals in the market. In-house testing is not possible to many companies as it may take more time and labor costs to complete these tests. Increasing demand for in-vitro test is also expected to increase the demand for testing services due to growing development of in-vitro methods to replace traditional in-vivo methods, which need animal testing. These methods are generally improved for sensitization, irritation, and cytotoxicity.

Worldwide medical device testing services market can be segmented on the basis of service, phase, and region. Based on service, the market can be biocompatibility tests, chemistry test, microbiology and sterility testing, and packed validation.

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In 2016, the microbiology and sterility segment conquered the market. The biocompatibility test segment is expected to show significant growth during the forecast period. The cost of biocompatibility test is expected to reduce due to development of innovative in-vitro methods. The chemistry test segment is a projected to show rapid growth over the forecast period due to several advantages associated with it.

As per phase, the market can be classified into clinical and preclinical. In 2016, the preclinical segment estimated for the major share and likely to show high growth during the forecast period. This phase determines the safety, efficacy, and biocompatibility of biomaterials, prosthesis, and medical devices. The clinical segment is also projected to show significant growth over the study period. This segment involves in sterilization testing and validation, cleaning validation, shelf life and accelerated aging test, and package and shipping testing.

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

In 2016, Asia Pacific dominated the market in terms of revenue due to high outsourcing rate in emerging countries such as China and India. CROs are extensively making high investments in emerging economies due to presence of operating low cost and greater availability of skilled labors.

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In 2016, North America stood on the second position.  and is estimated to show remarkable growth during the forecast period. This region is one of the topmost manufacturing centers for complex, reliable, and high-quality medical devices. The region has several established CROs, which offers comprehensive testing services for medical device companies.

The market in the Europe is mainly driven by countries including Germany, the U.K., France, Spain, and Italy. Increasing need for cost cutting and rise in complexity in product designing are considered as key drivers that would drive the market in this region.

Prominent players operating in the market include Toxikon, Inc.; Charles River Laboratories International, Inc.; Toxikon, Inc.; Sterigenics International LLC; and Pace Analytical Services LLC.The market is currently observing significant rise in number of companies in recent years. The market is highly fragmented by few major companies and numerous small and medium enterprises (SMEs). The growth of this industry can be associated with increasing demand from small and mid-size companies, due to absence of in-house facilities for testing. The participants in the market are mainly focusing on portfolio expansion and to expand their geographical reach to gain higher market share. The market has also observed high consolidation in CRO space in recent years.

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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