Mobile Imaging Services Market Anticipated To Expand At A CAGR Of 3.2% For The Forecast Period From 2018 To 2025

The Report Mobile Imaging Services Market Analysis Report By Product Type (X-ray, CT, Ultrasound, MRI, Mammography, Nuclear Imaging), By End Use (Hospitals & Private Clinics, Home Healthcare), And Segment Forecasts, 2018 – 2025

The global mobile imaging services market size is expected to reach USD 2.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.2% over the forecast period. Demand for mobile imaging services is primarily driven by global rise in incidence of chronic diseases such as cancer, cardiovascular diseases, gastrointestinal and endocrinal disorders, and neurological and lung disorders.

Aging increases the risk of diseases such as heart diseases, musculoskeletal disorders, and neural disorders owing to weaker immune system and body strength. These diseases can also arise as a result of factors such as extended lifespan of individuals, increase in consumption of alcohol, smoking, sedentary lifestyle, and unhealthy eating habits.

Some of the companies engaged in mobile imaging services are Cobalt Health, Front Mobile Imaging, Digirad Corporation, InHealth Group Ltd., Alliance HealthCare Services, TridentUSA Health Services, and Shared Medical Services. Mergers and acquisitions, collaborations, and partnerships are among the key strategies adopted by players in the market.

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Further key findings from the study suggest:

·       Increasing prevalence of chronic diseases and rise in imaging procedures is primarily driving the global market

·       By product, MRI accounted for the largest market share in 2016 mainly due to growing use of this imaging technique in accident victims and patients suffering from chronic illnesses

·       The others segment, which includes bone densitometers and stereotactic breast biopsy equipment, will exhibit the fastest growth rate owing to factors such as increasing incidence of osteoporosis and growing geriatric population

·       North America is dominating the global market, followed by Europe. Adoption of mobile imaging services and exponential growth in remote patient monitoring and telehealth services are prime factors responsible for the growth of these regions

·       Key players in the market include Cobalt Health, Front Mobile Imaging, Digirad Corporation, InHealth Group Ltd., Alliance HealthCare Services, TridentUSA Health Services, and Shared Medical Services.

Grand View Research has segmented the global mobile imaging services market on the basis of product type, end use, and region:

Mobile Imaging Services Product Type Outlook (Revenue, USD Million, 2014 - 2025)

·         X-ray

·         CT

·         Ultrasound

·         MRI

·         Mammography

·         Nuclear Imaging

·         Others

Mobile Imaging Services End-use Outlook (Revenue, USD Million, 2014 - 2025)

·         Hospitals & Private Clinics

·         Home Healthcare

·         Others

Mobile Imaging Services Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    Malaysia

·         Latin America

o    Mexico

o    Brazil

·         MEA

o    UAE

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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

Immunoassay Market Valued At USD 25.41 Billion By 2025

The Report Immunoassay Market Size, Share & Trends Analysis Report By Product (Reagents & Kits, Software & Services), By Technology (RIA, EIA, Rapid Test), By Application, By End Use, And Segment Forecasts, 2019 – 2025

The global immunoassay market size was estimated at USD 18.02 billion in 2018 and is expected to exhibit a CAGR of 5.0% during the forecast period. Increase in incidence of chronic and infectious diseases is expected to accelerate the demand. For instance, according to the World Health Organization (WHO), in 2017, about 65 million individuals in U.S. were suffering from Chronic Obstructive Pulmonary Disease (COPD). This factor is anticipated to bode well for regional demand in the forthcoming years.

Extensive usage of immunoassay techniques for detection of infectious and chronic diseases is the prime factor driving the growth. In addition, launch of novel products coupled with rapid technological advancements are anticipated to drive the market. For instance, Quidel Corporation received CE mark approval in 2018 for its product Sofia, which is a Quantitative Vitamin D Assay used with Sofia instrument.

Moreover, collaborations and partnerships among medical device giants are expected to provide new growth platforms for immunoassay techniques, such as radioimmunoassay, rapid tests, and enzyme immunoassays among others. For instance, Roche Diagnostics and GE Healthcare entered into a partnership to develop and market digital clinical decision systems in January 2018. This partnership aided in improving cancer and critical care.

Furthermore, automation has benefits such as efficiency and optimal usage of labor and space in laboratories. Thus, the immunoassay market is witnessing lucrative growth as some players are introducing automated laboratory systems, point-of-testing compact, and portable assay tests. For instance, launch of innovative products such as compact and portable ichroma II by Boditech Med, Inc., which is an FDA-approved fluorescence scanning instrument used for influenza screening.

North America held a significant market share in 2018, attributed to high R&D investments by pharmaceutical and medical device manufactures and favorable government insurance policies. For instance, in May 2018, a bill was approved by the U.S. congress, as per which an individual can try unproven medical aids, which includes drugs, medications, and devices, in case of severe illness.

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Key Takeways Of The Report :

·       Reagents and kits accounted for a significant market share of about 72.0% in 2018, owing to extensive application of the products

·       Closed-ended systems is expected witness a profitable CAGR over the forecast period due to associated advantages, such as sterility, and cheaper rates as compared to open-ended systems

·       Asia Pacific is anticipated to witness significant CAGR over the forecast period due to rising healthcare spending and healthcare investments by many companies

·       Key players operating in the immunoassay market are Quidel Corporation; Ortho Clinical Diagnostics; Roche Diagnostics; and Thermo Fisher Scientific, Inc. among others

·       The industry participants engage in extensive research activities to develop novel immunoassays for diagnosis of infectious and chronic diseases.

Grand View Research has segmented the global immunoassay market report on the basis of product, technology, application, end use, and region:

·         Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Radioimmunoassay (RIA)

·         Enzyme Immunoassay (EIA)

o    Chemiluminescence Immunoassays (CLIA)

o    Fluorescence Immunoassays (FIA)

·         Rapid test

·         Others

·         Product Outlook (Revenue, USD Million, 2014 - 2025)

·         Reagents & kits

·         Analyzers/instruments

o    Open ended systems

o    Closed ended systems

·         Software & services

·         Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Therapeutic drug monitoring

·         Oncology

·         Cardiology

·         Endocrinology

·         Infectious disease testing

·         Autoimmune diseases

·         Others

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

·         Hospitals

·         Blood banks

·         Clinical laboratories

·         Pharmaceutical and biotech companies

·         Academic research centers

·         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

Contactless Payments Market is Expected To Reach USD 2.23 Trillion In Transaction Value by 2025

The global contactless payments market is expected to reach USD 2.23 trillion (transaction value) by 2025, according to a new report by Grand View Research, Inc. The contactless payments industry is expected to witness lucrative growth over the forecast period owing to innovations in technologies such as IoT, which acts as a major market driver.

Benefits such as reduction in transaction time and improved service delivery offered by contactless payments have resulted in a significant rise in the number of users. Some of the key features of contactless systems include easy installation and cost effectiveness. The rising trend of making payments through QR codes and mobile phones is expected to drive the market demand. Individuals largely prefer using contactless payment as it eliminates the need to carry cash.

North America is expected to emerge as one of the key regional markets over the forecast period. The growth is mainly attributed to the increasing deployment of cloud-based contactless payment technologies in various verticals such as transportation. Europe is expected to be another major region for contactless payments owing to the growing number of smart card rollouts. Countries in the Asia Pacific region, such as Australia, Taiwan, and Japan, have witnessed a higher penetration rate of contactless payments compared to other countries.

The contactless payments market can be segmented on the basis of devices into smartphones and wearables, point of sale terminals, and smart cards. The market can also be segmented on the basis of solutions into payment terminal solution, transaction management, security and fraud management, hosted point of sale, and analytics.

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Further key findings from the report suggest:

·       Contactless payments are widely used in several sectors such as retail, transportation, healthcare, and hospitality. Smartphones and wearables emerged as the largest device segment in 2016. It is estimated to register a CAGR of 34.0% over the forecast period.

·       The transportation segment is estimated to grow at a CAGR of 37.1% over the forecast period.

·       The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 35.5 % from 2017 to 2025.

·       The payment terminal solution segment is expected to witness the largest growth over the forecast period as these solutions can connect the customers directly to service providers of contactless payments.

·       Key participants in the contactless payments industry include Gemalto, Visa Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Verifone, Ingenico Group SA, On Track Innovations Ltd., Oberthur Technologies (OT) Morpho, Thales Group, and Wirecard AG. In March 2017, Wirecard AG acquired MyGate Communication, a payment service provider in Africa.

Grand View Research has segmented the contactless payments market based on devices, solutions, application, and regions:

Device Outlook (Revenue, USD Billion; 2014 - 2025)

·         Smartphones and wearables

·         Point-of-sale terminals

·         Smart cards

Solution Outlook (Revenue, USD Billion; 2014 - 2025)

·         Payment terminal solution

·         Transaction management

·         Security and fraud management

·         Hosted point-of-sale

·         Analytics

Application Outlook (Revenue, USD Billion; 2014 - 2025)

·         Retail

·         Transportation

·         Healthcare

·         Hospitality

·         Government

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

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    Japan

o    Australia

·         South America

o    Brazil

·         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

Industrial Valve Market Detail Outlook & Analysis During 2012 - 2022

Industry Insights

The global industrial valve market size was estimated at USD 58.31 billion in 2014. Rising automation on account of increased industrialization and expansion of existing facilities are projected to drive the market over the forecast period. Growing demand for flow control equipment is expected to favorably impact market growth. Smart valves with intelligent control systems are expected to gain significant importance which is expected to expedite their development.

Increased adoption of diagnostics and smart technology in industrial valves for monitoring process variables which include upstream & downstream pressure stem position, temperature, and the flow rate is expected to fuel demand over the next seven years.

Advancement of smart valves with integrated embedded processor and network capability for subsea oil & gas has increased the reliability and responsiveness of the systems, which is expected to be a high impact rendering driver.

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Growing production and exploration spending in oil & gas industry have spurred the demand owing to technological innovations, enabling access to resources in deep waters or unusual reservoirs such as high temperature, high-pressure, under-pressured, and unconventional or depleted reservoirs.

Increased pipeline installations and growth in unconventional oil & gas applications across downstream segment is expected to induce substantial growth prospects for the industrial valve market. Growing prominence of automation in process industry has led to the increment in the demand for automated control valves.

Some factors which may hinder growth included emoting of coal usage and shutdowns of conventional coal-fired plants. Fluctuations in the raw material prices may reduce the usage and adoption of the technology. Additionally, compliance with stringent government regulations for conventional power plants may hamper industry growth.

Recent Industry Developments

Tene Investment Funds Ltd. is expected to acquire a 74% controlling stake in Habonim Industrial Valves & Actuators Ltd., a northern Israel based company that caters to chemical, oil and gas industries. Habonim’s sales are majorly to international shores, and its sales per year are around USD 28 million to USD 42.5 million.

KCM Capital Partners LLC, a Chicago-based private investment firm, has acquired Industrial Valve Sales & Services LLC, an Alabama based company, with IVS looking towards an enhanced growth through this development.

In August 2019, Bonomi Group acquired FRA.BO.S.p.A, which is headquartered in Brescia, Italy. FRA.BO is a leading manufacturer of brass, copper, stainless steel, and bronze fittings for plumbing applications. With this acquisition, Bonomi hopes to become more competitive in worldwide flow-control and plumbing 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