High Volume Dispensing Systems Current and Future Market Conditions by 2025| Key Industry Participants Innovation Associates; TCGRx

San Francisco, 15 November 2018: The global high volume dispensing systems market size is expected to reach USD 3.07 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Increasing number of prescriptions, growing disease burden, and recent technological advancements are some of the key drivers for the market. Rising incidence of dispensing errors is boosting the need for high volume dispensing systems in order to enhance patient safety.

Increasing adoption of pharmacy automation systems in retail pharmacies for dispensing large volume medications is one of the key factors fueling the demand for high volume dispensing systems. Surging demand for faster prescription processing and increasing government funding for installation of these systems in hospitals are also stoking the growth of the market. Moreover, soaring need for reduction in inventory discrepancies is further bolstering the demand for these systems.

Rising number of retail and mail order pharmacies is resulting in high volume of medication inventory. This, in turn, is creating an upswing in the adoption rate of high volume dispensing systems. Growing concerns regarding patient safety and increasing investments in pharmacy automation systems are also propelling the market. In addition, increasing demand for reduction of pharmacist workload is further expected to augment the market over the forecast period.

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Further key findings from the report suggest:

·       High volume dispensing cabinets emerged as the largest segment in terms of revenue in 2017 owing to increasing demand for efficient pharmacy workflow and rapid technological advancements

·       High volume dispensing systems in retail pharmacies commanded the largest revenue share in 2017 owing to rising number of prescriptions and increasing demand for reduction of pharmacy workload

·       In terms of geography, North America represented the leading revenue share in 2017. On the other hand, Asia Pacific is estimated to register the highest CAGR over the forecast period

·       Omnicell, Inc.; McKesson Corporation; Innovation Associates; TCGRx; and ScriptPro, LLC are the major players operating in the market.

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Grand View Research has segmented the global high volume dispensing systems market on the basis of products, end use, and country:

High Volume Dispensing Systems Products Outlook (Revenue, USD Million, 2014 - 2025)

·         Systems/Cabinets

·         Software Solutions

High Volume Dispensing Systems End Use Outlook (Revenue, USD Million, 2014 - 2025)

·         Independent pharmacies

·         Hospital pharmacies

High Volume Dispensing Systems 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

Microwave Oven Market Size is Anticipated to Reach $12.70 Billion by 2022| Top Industry Players Hobart, Hamilton Beach

San Francisco, 15 November 2018: The global microwaveoven market size is anticipated to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc., rising at a CAGR of 2.8% during the forecast period. Improving standard of living of consumers, growing number of nuclear families, and increasing demand for frozen and ready-to-eat food are some of the key factors stimulating market growth.

Growing number of working women and preoccupied schedule of people in urban cities are likely to fuel the demand for ovens. A large part of new households comprises working singles who prefer to dine out rather than setting up their kitchen. This may be a drawback for the residential appliance market. However, this trend is estimated to boost the culture of quick service restaurants, cafes, and small eateries, which in turn will work in favor of the market.

Robust growth of the hospitality sector and rising catering contracts for large-scale functions, seminars, and other social gatherings are also expected to stir up the demand for commercial appliances over the forecast period. In case of the residential application segment, the most significant driver is the changing lifestyles and food consumption preferences of people, with more consumers shifting towards ready-to-eat and frozen food.

Macroeconomic factors such as growing population, rising disposable income of consumers, and increasing awareness of different cooking media such as microwave oven, grills, and barbeques are projected to impact the market positively.

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Further key findings from the report suggest:

·       The convection segment is poised to account for half of the overall market value by 2022

·       The grill microwave oven market is anticipated to be valued at around USD 4.50 billion by 2022

·       In 2016, North America was the leading revenue contributor in the market, with a valuation of around USD 3.5 billion

·       The household application segment accounted for a larger revenue share in 2016 and is likely to expand at a CAGR of around 3.0% over the forecast period

·       The key players in the market include Robert Bosch GmbH, Haier Group Corporation, Hobart, Hamilton Beach, Middleby Corporation Company, Whirlpool Corporation, and Sharp Corporation.

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Grand View Research has segmented the global microwave oven market into product, application, structure, and region.

Microwave Oven Product Outlook (Revenue, USD Billion, 2012 - 2022)

·         Convection

·         Grill

·         Solo

Microwave Oven Application Outlook (Revenue, USD Billion, 2012 - 2022)

·         Commercial

·         Household

Microwave Oven Structure Outlook (Revenue, USD Billion, 2012 - 2022)

·         Built-in

·         Counter top

Microwave Oven Regional Outlook (Revenue, USD Billion, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World (RoW)

Access Press Release of Microwave Oven Market@ www.grandviewresearch.com/press-release/global-microwave-oven-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

Wearable Medical Device Market is Expected to Reach $27.8 Billion by 2022| Key Industry Participants Omron Corp., Sotera Wireless

San Francisco, 15 November 2018: According to a report by Grand View Research, Inc., global wearable medical devices is anticipated to value USD 27.8 billion by 2022. Growing requirement for remote health monitoring and home healthcare is anticipated to propel demand for wearablemedical devices. These devices are likely to offer advanced features making healthcare monitoring easy for users.

Rising cases of chronic diseases such as hypertension, diabetes, and obesity are expected to boost demand for round-the-clock wearable monitoring devices. Shifting consumer preference from traditional to advanced wearable medical devices owing to digitization can influence growth of market. Continual technological advancements in health monitoring devices and rising competition can fuel growth of market. Introduction of advanced products such as wrist watches, fitness bands, and smart watches can augment market growth. Rising integration of healthcare data with portable devices to provide physicians with real-time access of essential data to analyze and reduce errors can spur market growth during the forecast period (2012 to 2022).    

The wearable medical devices market can be segregated on the basis of product, medical, site, and region. Based on product, the market can be bifurcated into therapeutic and domestic. In 2014, domestic segment dominated the market and accounted for largest market share. The segment can include sleep monitoring, vital sign monitoring, electrocardiographs, fetal & obstetric, and neuromonitoring devices. Increasing applications of monitoring and diagnostic products in remote monitoring and home healthcare can fuel growth of market.

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However, therapeutic segment expected to witness lucrative growth during the forecast period. High demand from increasing number of patients is likely to fuel growth. The segment can include insulin monitoring, pain management, rehabilitation and respiratory therapy devices. In 2014, insulin monitoring devices accounted for substantial market share and is likely to grow at similar pace over the forecast period. In addition, rising R&D and speedy approval of wearable devices can stimulate growth of segment.

Based on application, the market can be classified into remote patient monitoring, sports & fitness, and home healthcare. In 2014, Home healthcare segment dominated the market and accounted for largest market share. It is likely to grow at similar pace over the forecast period. Continual technological advancements in medical devices to offer high accuracy and easier use by individuals without professional assistance can fuel market growth.   

Based on site, the market can be categorized into headband, handheld, shoe sensors, strap, clip, bracelet and watches, and others.  

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Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In 2015, North America dominated the market and accounted for largest market share during the forecast period. Rising cases of chronic diseases such as cardiovascular disorder, diabetes, and obesity can influence growth of market. In addition, high demand for remote patient monitoring and home care for purpose of continuous, regular, and long-term monitoring of patients is likely to stimulate growth of market. Moreover, growing need to reduce frequent visits of patient to hospitals can augment growth of market in the region.

In Asia Pacific, the market is expected to witness significant growth during the forecast period. Frequent introduction of technologically advanced systems in the region can fuel market growth.

In addition, favorable initiatives from local governments regarding use of such medical products is likely to impel market growth. Moreover, increasing healthcare expenditure attributed to rising number of geriatric population can stimulate growth of market over the forecast period. Japan is expected to be largest contributor to growth of market in the region attributed to rising R&D and high healthcare expenditure. However, China and India are likely to grow at fast over the forecast period owing to rising cases of chronic diseases among geriatric population.

In Europe, the market is likely to grow well during the forecast period owing to increase in geriatric population in countries such as United Kingdom and Germany. This, in turn, is expected to surge demand for round the clock monitoring. Total healthcare expenditure of Germany is 11.1% of country’s GDP. However, in United Kingdom 9.9% of country’s GDP is likely to be spend on healthcare.  

  

Some of the leading companies offering wearable medical devices are Vital Connect; Fitbit Inc.; Garmin; Omron Corp.; and Sotera Wireless.

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

Visualization & 3D Rendering Software Market Size is Projected to Reach $5.63 Billion by 2025|Top Industry Players Trimble, Inc.; and Adobe Systems Incorporated

San Francisco, 15 November 2018: According to a report published by Grand View Research, Inc.; the visualizationand 3D rendering software market is expected to reach a valuation of around USD 5.63 billion by 2025.

Increasing demand for innovative and cost-effective technologies for visualization and simulation can propel the market over the forecast period (2014 to 2025). In addition, development of user-friendly renderer interface is also expected to support the market growth.

The software can be used for product designing, modeling, visualization, animation, and simulation. Rising focus on cost and time management, innovation, and increasing need for realistic media have increased the demand for these types of software. These solutions are extensively used in real-time marketing.  They allow organizations to get real-time feedbacks and decision marking capabilities to increase profits. Thus, benefits such as real-time reviewing, time management, and cost optimization are likely to fuel the market growth in the coming years.

However, lack of infrastructure, especially in emerging economics is the major challenge for the market. Since, accessibility of 3D content and well-established infrastructure play an important role. In addition, several issues associated with design, deployment, and delivery of 3D content are likely to hinder the market growth.

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Worldwide visualization and 3D rendering software market can be segmented on the basis of application, end user, deployment, and region.

Based on application, the market can be bifurcated into product design and modeling, visualization and simulation, animation, and others.

The visualization and simulation segment is a leading segment and expected to exhibit significant growth by 2025. Visualization and simulation allow companies to manage customer insights and to provide personalized services regarding animation, visual effects, and graphics.

The animation segment is also expected to show substantial growth in the coming years. Animation delivers realistic experience to clients and supports to manage time and cost. Increasing use of 3D animation in several industries including manufacturing, architecture, gaming, and filmmaking to get accurate information related to designs is expected to boost the segment.

As per end user, the market can be categorized into architecture, engineering, and Construction, healthcare, manufacturing and automotive, gaming, media and entertainment, and others.

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In 2016, the architecture, engineering, and construction segment estimated for the largest market share. This segment is expected to remain on the top over the forecast period. The segment is projected to gain over 25.0% by 2025. However, the healthcare sector is projected to grow with notable CAGR over the projected period. The software is extremely helpful to provide training and education to healthcare staff.  Since, it helps to view anatomical images, surgical planning, diagnoses, and results. It also helps to communicate regarding patient’s condition with patient’s family or friends. The media and entertainment segment is expected to gain important share over the forecast period. Since visualization, animation, and simulation provides a realistic experience.

On the basis of deployment, the market can be classified into on-premise and cloud. The cloud segment is the leading segment and likely to maintain its supremacy with a CAGR of 23.6% over the forecast period. Cloud based platform are highly scalable and provides better mobility.

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

In 2016, North America conquered the market and expected to remain dominant over the forecast period due to early user of the technology and existence of established players. The region is expected to increase the adoption of these software due to existence of reliable wireless connectivity.  Early use of advanced technologies in several industries including engineering, architectural, and construction, media and entertainment, gaming, and others will also be expected to increase the product demand in the coming years.

Key companies operating in the market include Trimble, Inc.; Autodesk, Inc.; Adobe Systems Incorporated; Dassault Systemes; and Luxion, Inc. The major companies are mainly concentrating on R &D and to provide innovative, cost-effective, and user-friendly solutions. Apart from new product development, top players also following strategies like mergers and acquisitions to gain traction in the market.

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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

Hydropower Market to reach 1,524 GW by 2020| Top Industry Players China Hydroelectric Corporation, China Three Gorges Corporation

San Francisco, 14 November 2018: According to a report published by Grand View Research, Inc.; the hydropowermarket is expected to reach 1,524 GW by 2020.

Increasing demand for energy due to growing population across the world along with need to reduce dependence on conventional power generation can drive the market over the forecast period (2012 to 2020). Additionally, growing government support in the for of financial incentives and tax benefits can also support the market growth.

Approximately one-fifth of the world’s total electricity is provided by hydropower. It is used by more than 60 countries worldwide to meet half of their electricity demand. Increasing adoption of technology to substitute fossil fuel-based power generation for reducing carbon emission and cost-effectiveness of hydropower-based electricity generation can boost the market in the coming years. For instance, as per the estimates of the International Energy Agency (IEA), the implementation of sustainable hydropower as proposed by this organization can help to avoid about one billion tons of annual carbon dioxide emission by 2050. The technology is considered as one of the cleanest fuel sources which get renewed by rainfall and snow. The flow of water can be controlled with the help of turbine; therefore, hydropower is readily available as per demand. Additionally, the reservoirs can also provide recreational opportunities and activities like swimming and boating. Hydropower is also popular for many reasons including flood control, ability to respond to fluctuating electricity demand, and water management.

Worldwide hydropower market can be segmented on the basis of application and region. Based on application, the market can be divided into residential, industrial, and commercial.

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In 2013, the industrial segment estimated for the major market share of 44.8% of the overall market owing to rapid industrialization in developing countries such as India and China. The segment is anticipated to reach 694.41 GW in installed capacity by 2020.Geographically, the market can be divided into North America, Europe, Asia Pacific, and Rest of World.

Around one-fifth of the world’s entire electricity comes through hydropower. It is utilized by more than 60 countries across the world to complete the half of their electricity demand. Presently, the technology estimated for 20% of the overall deployed renewable power capacity, globally and is anticipated to surge its share during the next decade due to rapid capacity additions particularly in developing countries including India, Indonesia, and China. According to the International Hydropower Association (IHA), new hydropower of some 30 GW was allowed in 2012 which included pumped storage of 2 GW.

Asia Pacific is likely to dominate the market by 2020 due to presence of a large amount of ongoing hydropower projects, specially in China. In 2013, China appeared as the single largest hydropower generating nation and occupied 24.61% of overall market share. The country is likely to show fastest growth at an estimated CAGR of 6.2% from 2013 to 2020 and to accomplish capacity of over 400GW in 2020. The Xiluodo project, the Wudongde and Xiangjiaba, and the Baihetan dam, which is likely to be completed in 2019 are some of the prominent projects in China.

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Favorable government regulations about sustainable energy in the U.S. and European Union is likely to support the market growth. North America is anticipated to show lucrative gains during the forecast period due to presence of favorable regulations. In 2013, the U.S. president Barack Obama passed the Hydropower Regulatory Efficiency Act and Small Conduit Hydropower Development and Rural Jobs Act, which is expected to drive the regional growth. This bill aims to establish a new or current hydropower capacity to get advantage of untapped market potential.In addition, Small Conduit Hydropower Development and Rural Jobs in the U.S. and rising number of funding programs regarding renewable energy sector in developed countries such as Canada are some of the key factors likely to create opportunities in the market.

Prominent companies operating in the market include Andritz Hydro USA Inc.; Ertan Hyropower Development Company, Ltd.; China Three Gorges Corporation; Companhia Energetica De Minas Gerais; and The Tata Power 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

Intravenous Solutions Market to Grow at CAGR of 7.8% through 2024| Key Industry Participants Hospira, Baxter

San Francisco, 14 November 2018: The global IV solutions market was valued at USD 6.9 billion in 2015 and is expected to reach a value of USD 13.79 billion by 2024. Key factors driving market expansion include the rapidly increasing natality rate including a high percentage of premature births and malnutrition.

Growing incidence rate of chronic diseases, such as cancer, is also fueling the demand for Total Parenteral Nutrition (TPN), which forms a vital part of the treatment. Intravenous nutrition helps sustain strength, maintains hydration levels in patients, and facilitates faster recovery. Cancer prevalence is forecasted to grow by 70% over the next few decades. This poses a colossal growth prospect for the market.

The regulatory bodies are approving high-quality products complying with faster patient recovery. In May 2016, Amanta Healthcare received approval for NaCl injection BP and Sterile water injection BP products. These products obtained Therapeutic Goods Administration approval granted by the Australian government.

The reimbursement scenario for IV nutrition is promising. In the U.S., Medicare covers up to 80% of the expenses of parenteral and enteral nutrition including physician services, medical equipment, and other related medical services. In the developing countries, increasing purchasing power compensates for the absence of reimbursement coverage thus sustaining the growth of this vertical.

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Further Key Findings From the Study Suggest:

·       TPN dominated the market in 2015. TPN is administered to patients who are ‘nil by mouth’ or are afflicted with dysfunctional digestive systems. Around 2000 elderly deaths occur per annum due to malnutrition. With rising geriatric population and chronic, but manageable diseases, the demand for TPN is projected to grow over the forecast period.

·       In 2015, North America dominated the market with a revenue share of around 40%. The region has a large geriatric population base comprising 45% long-term care residents and 40% hospitalized, elderly patients suffering from malnutrition. Moreover, in 2014, the region experienced a sharp shortage of IV fluids due to increased hospitalization of influenza patients. In response to the deficit, FDA initiatives were directed toward expediting the application review process and identifying potential new manufacturers.

·       Asia Pacific is expected to emerge as the fastest growing region. The rising geriatric population in Japan and China, increasing tendencies of unhealthy food consumption, and low level of awareness is expected to promote the emergence of IV solutions market in this region.

·       Fresenius Kabi AG, Baxter, B. Braun Melsungen AG, and Hospira are few players operating in the market. Mergers and acquisitions are certain strategic initiatives undertaken by the companies. For instance, Claris-Otsuka is a joint venture between Claris Lifesciences Ltd., Otsuka Pharmaceutical Co., Ltd., and Mitsui & Co., Ltd., Japan established in 2012. This joint venture focused on the manufacturing and marketing activities for IV nutrition products and offers products in various IV delivery systems.

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Grand View Research has segmented the IV solutions market by type, nutrients, and region:

Type Outlook (Market revenue in USD Million, 2013 - 2024)

·         Total Parenteral Nutrition (TPN)

·         Peripheral Parenteral Nutrition (PPN)

Nutrient Outlook (Market Revenue in USD Million, 2013 - 2024)

·         Carbohydrates

·         Single dose amino acid solution

·         Vitamins & minerals (salt and electrolyte)

·         Parenteral lipid emulsion

·         Others (trace elements)

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

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and 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