Online Gambling Market Set to Record Exponential Growth by 2025

The global online gambling market size is expected to reach USD 102.97 billion by 2025, registering a CAGR of 11.5% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is expected to gain traction over the forecast period. Growing popularity of betting across the globe and freemium model in online gambling are among the potential opportunities likely to unfold in the next few years.

Increasing adoption of smartphones and easy access to casino gaming platforms are currently driving the market growth. Factors such as increasing internet penetration and availability of cost-effective mobile applications for betting are also expected to contribute to the market growth over the forecast period. According to the American Gaming Association (AGA), as of 2018, approximately 2,800 sites are active online and offer bingo, poker, and lottery, among other activities.

Electronic Gambling Devices (EGDs) are inexpensive to run and easily available. These devices have an in-built software that mimics the experience of a local casino. For instance, a Video Lottery Terminal (VLT) uses advancing technology and can also be customized to electronic slot machines, spinning reel slot machines, video slot machines, and electronic poker games.

Increasing digitalization coupled with secure digital payment options are also some factors contributing to the market growth. The market is further expected to gain momentum over the forecast period. This may be attributed to the rising use of digital currency and websites provided by companies for betting and gambling.

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Further key findings from the report suggest:

·       Ease of sports betting using a computer or smartphone coupled with the proliferation of sports betting ads across the globe is expected to propel the segment growth over the forecast period

·       Online gambling service providers/operators are allowed to enter into agreements with individual players or customers to provide betting services for real money, in turn attracting more gamers

·       A large number of customers are using desktops for gambling as downloading and installing casino software proves to be easier on desktops. This, in turn, is expected to propel the desktop segment growth

·       Online agencies, networks & exchanges, and third-party ad servers are used for advertising company gambling websites

·       Europe is expected to continue its dominance over the forecast period. In the U.K., online gambling is legalized owing to safe practices and stringent regulations laid down by the government

·       Asia Pacific is anticipated to register the highest growth rate owing to the increased adoption of smartphones, larger proportion of younger population, and legalization of online gambling in the region. The online gambling market size is largely influenced by the size of betting and pertinent outcome

·       Service providers/operators hold a license from the jurisdiction where the company was incorporated. Key companies in the market include William Hill PLC and Paddy Power BetFair PLC.

Grand View Research has segmented the global online gambling market on the basis of type, device, and region.

Online Gambling Type Outlook (Revenue, USD Billion, 2014 - 2025)

·         Sports Betting

·         Casinos

·         Poker

·         Bingo

·         Others

Online Gambling Device Outlook (Revenue, USD Billion, 2014 - 2025)

·         Desktop

·         Mobile

·         Others

Online Gambling Regional Outlook (Revenue, USD Billion, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

·         Middle East & Africa

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.

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Coronary Artery Bypass Graft Market Projected to Register 5.8% CAGR through 2025

The Report Coronary Artery Bypass Graft (CABG) Market Analysis By Type (Saphenous Vein Grafts, Internal Thoracic Artery Grafts), By Surgical Procedures, By Technology (On-Pump CABG, Off-Pump CABG), And Segment Forecasts, 2018 - 2025

The global coronary artery bypass graft (CABG) market is expected to reach USD 127.6 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness lucrative growth over the forecast period, owing to increasing prevalence of Cardiovascular Diseases (CVDs) such as Coronary Artery Disease (CAD) or Coronary Heart Disease (CHD) coupled with rising geriatric population across the globe.

Favorable reimbursement policies, such as the U.S. Medicare (federal health insurance program) system, Medicaid, and National Health Insurance (NHI) have been a prime growth factor for the CABG market. Medical device companies provide new product platforms, which are covered under reimbursement programs that benefit the patients. Reimbursement services provided by Medicare and other insurers to physicians and hospitals is expected to fuel the demand for the adoption of CABG devices such as catheters, cannulae, retractors, positioners & stabilizers, suction devices, and syringes during the forecast period.

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Further Key Findings from the Study Suggest:

·       The saphenous vein grafts segment held a profitable revenue share in 2016 and is anticipated to grow at a significant rate over the forecast period

·       The off-pump CABG segment is anticipated to witness the fastest growth over the forecast period owing to the benefits offered by this technology such as increased safety, effective, reduced chances of bleeding during the surgery, low chances of stroke, low need for blood transfusions, low injury to the heart muscle, and improved quality of life

·       The endoscopic vein harvesting segment is expected to gain the market share over the forecast period as it eliminates the requirement for long incisions associated with open (conventional) harvesting, resulting in reducing the risk of wound infection and other complications, minimizing postoperative pain, and increasing the patient satisfaction level

·       North America is expected to dominate the CABG market during the forecast period, owing to the rising prevalence of CVDs in the U.S. and Canada. In addition, increasing per capita healthcare spending and growing population in the region are expected to spur the growth of this vertical.

·       Some of the key players of this market are Medtronic; TERUMO CORPORATION; Guidant Group; MAQUET Holding B.V. & Co.KG; Vitalitec International, Inc.; Novadaq Technologies Inc.; KARL STORZ GmbH & Co. KG; Edwards Lifesciences; Genesee Biomedical Inc.; and Sorin Group

Grand View Research has segmented the global CABG market on the basis of type, surgical procedure, technology, technique, and region:

CABG Market: Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Saphenous Vein Grafts

·         Internal Thoracic Artery Grafts

·         Other

CABG Market: Procedure Outlook (Revenue, USD Million, 2014 - 2025)

·         Single CABG Surgery

·         Double CABG Surgery

·         Triple CABG Surgery

·         Quadruple CABG Surgery

CABG Market: Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         On-Pump CABG

·         Off-Pump CABG

CABG Market: Technique Outlook (Revenue, USD Million, 2014 - 2025)

·         Conventional Vessel Harvesting

·         Endoscopic Vessel Harvesting

CABG Market: Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa (MEA)

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.

Western Blotting Market Valuation to Reach $958.4 Million by the end of 2025

The global western blotting market is anticipated to reach a value of USD 958.4 millionby 2025, according to a new report by Grand View Research, Inc. Rising number of cases with HIV are increasingly contributing towards the growth of western blotting market. This kind of testing is highly effective in detecting HIV among people. According to UNAIDS, nearly 36.7 million people were living with HIV throughout the world in 2015. Such high prevalence of HIV is expected to accelerate the demand for products used in western blotting. Lyme diseases also require western blotting to detect Borrelia burgdorferi (Bb), which causes such diseases. Other diseases which require western blot for detection of specific proteins include mad cow disease, hepatitis, and feline immunodeficiency.

 

Moreover, significant investments in R&D activities made by pharmaceutical and biotechnology companies are expected to foster growth of western blotting market. According to a news journal, biotech companies spent USD 40.1 billion in 2015 on R&D activities, which was a 16% rise from their 2014 investments. Hence, with rising number of R&D activities, there is an expected rise in the demand for western blotting tests in the near future.

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Further key findings from the study suggest:

·       In 2016, consumables segment held the largest market share and is also expected to exhibit fastest growth over the forecast period owing to rising diagnostic and research-based activities requiring western blotting

·       Amongst the application segment, biomedical & biochemical research contributed towards the largest revenue share in 2016 due to increasing government spending in proteomics research

·       The disease diagnostics segment is anticipated to witness highest CAGR over the forecast period due to rising epidemiology of HIV, Lyme, and other related diseases

·       Amongst the end-use segment, such as academic & research institutes dominated the market in 2016 owing to growing number of research activities conducted by educational institutions supported by government funding

·       The pharmaceutical and biotechnology companies are expected to grow at a significant CAGR over the forecast period due to increasing R&D spending by such companies

·       Some of the key players are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, LI-COR Biosciences, Bio-Techne Corporation, PerkinElmer, Inc., and Merck KGaA.

Grand View Research has segmented the western blotting market on the basis of product, application, end-use and region:

Western Blotting Product Outlook (Revenue, USD Million; 2014 - 2025)

·         Instruments                      

·         Consumables                   

Western Blotting Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Biomedical & Biochemical Research

·         Disease Diagnostics

·         Agriculture

·         Others

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

·         Academic & Research Institutes

·         Pharmaceutical & Biotechnology Companies

·         Diagnostic Centers

·         Others

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

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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.

Internet of Things market to Register Steadfast CAGR of 15.2% in Terms of Value from 2015 to 2022

The Report IoT Market Analysis By Component (Devices, Connectivity, IT Services, Platforms), By Application (Consumer Electronics, Retail, Manufacturing, Transportation, Healthcare) And Segment Forecasts To 2022

The Internet of Things (IoT) market was worth USD 605.69 billion in 2014 owing to rising requirement for internet connectivity worldwide coupled with technological advancements. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. The market is estimated to grow at 15.2 % to reach over USD 1.88 trillion by 2022.

IoT market is projected to increase at a significant pace on account of its ability to improve efficiency and enable new services. IoT connects devices including industrial equipment and consumer electronics through a network that allows users to gather information and manage devices via software. Key factors that are expected to propel future growth include improving connectivity and internet access, data processing requirements and decreasing costs of internet enabled sensors. In addition, the market is likely to witness significant growth opportunities over the forecast period owing to increase in demand for gadgets such as wearable devices and futuristic elements including connected homes, vehicles, and cities coupled together with industrial internet of things (IIoT)

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The absence of universally accepted standards that give rise to security and privacy issues are expected to hamper growth in the industry. Moreover, the introduction of stringent rules and regulation in the U.S and Europe to tighten data security and privacy for internet users are anticipated to restrict further market growth.

The global IoT market was dominated by device segment comprising of sensors and modules and contributed to over 30.0% of the overall market in 2014. The device segment is projected to witness significant growth opportunities through introduction of innovative IoT platforms as a substitute for competitor devices such as HomeKit by Apple Inc and Brillo by GoogeInc

A significant revenue share in the IoT market is anticipated to be occupied by the consumer electronics application segment followed by manufacturing and retail. The introduction of new concepts such as connected cars in the transportation sector is expected to propel demand for IoT over the forecast period. In 2014, about 25.0% of the overall industry was acquired by this segment.

Emerging economies such as Japan, India and China are expected to be the key drivers of IoT industry on account of manifestation of major component and technology manufacturers such as Huawei and Samsung coupled with the potential for the high-speed broadband internet. Asia Pacific is thereby projected to grow at a CAGR of approximately 16.0% over the next seven years.

IoT is a dynamic market majorly fuelled by new product developments and enhancements in technology. Organizations are focussing on investing in IoT divisions, innovation labs, and R&D to obtain the first-mover advantage to expand globally and mark their presence. Key companies include major telecom and technology giants such as Alcatel-Lucent, Accenture PLC, Google Inc., Apple Inc., General Electric, IBM, Freescale Semiconductors, SAP SE and Samsung Electronics.

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

IoT Component Outlook (Revenue, USD Billion, 2012 - 2022)

·         Devices

·         Connectivity

·         IT Services

·         Platforms

IoT Application Outlook (Revenue, USD Billion, 2012 - 2022)

·         Consumer Electronics

·         Retail

·         Manufacturing

·         Transportation

·         Healthcare

·         Others

IoT Regional Outlook (Revenue, USD Billion, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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.