Power Banks Market Anticipated To Expand at a CAGR of 18.4% Over The Forecast Period

The global power bank market size is anticipated to reach USD 27.8 billion by 2027, according to a new report by Grand View Research., registering a CAGR of 18.4% from 2020 to 2027. Currently, power bank is considered as an essential mobile accessory. The increasing demand for power banks has led to a reduction in their prices. Furthermore, high competition in the market reduces the total cost of ownership of the power bank. Increasing use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally.

Increase in GDP, higher consumer purchasing power, and improved standard of living are propelling the growth of the electronics market. The demand for power banks has increased owing to the low battery capacity of smartphones and tablets. Power banks with 8,001 mAh–20,000 mAh battery capacity are expected to gain high traction in the power bank market owing to the capacity of a power bank to charge a device multiple times.

The Asia Pacific region dominated the global market in terms of revenue in 2019. Growing population, developments in digitization, increasing affordability of the product, and rising penetration of e-commerce in the electronics industry drive the product adoption across the region. The regional market is expected to witness a significant gain in revenue share over the forecast period owing to its large population and high demand for e-commerce across various industries of the region.

For the past decade, smartphones have ruled the market due to technological advancements and user-friendly models. Smartphones are frequently used for social media, ordering food, mobile banking, online shopping, and other activities. This has resulted in the frequent consumption of data, which drains the battery of smartphones, thereby driving the demand for power banks. On the other hand, improvement of batteries in smartphones and other consumer electronic devices would prove to be a key restraint for the market. Leading smartphone companies are continually working on improving battery life, and it is estimated that battery capacity improves by around 5% per year.

Access Research Report of Power Banks Market@ https://www.grandviewresearch.com/industry-analysis/power-banks-market

Further key findings from the report suggest:

• The online distribution channel segment is expected to witness substantial growth over the forecast period owing to the increasing penetration of e-commerce
• The electric segment accounted for the largest power bank market share in 2019. However, the solar segment is expected to register the highest CAGR from 2020 to 2027 owing to the increasing demand for energy-efficient solutions
• Online retailing plays a significant role in driving the product demand with convenient options such as cash on delivery and tariff concessions
• On the basis of battery type, lithium-ion batteries are expected to retain their leading position through the forecast period. Lithium-ion batteries have high energy density and reduce greenhouse gas emissions
• US., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization
• Key players in the market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft Corporation; Panasonic Corporation; Sony Corporation; AsusTeK Computer Inc.; Anker Technology Co.; Intex Technologies; and Ambrane India Private Limited.

Grand View Research has segmented the global power bank market on the basis of capacity range, distribution channel, battery type, energy source, and region:

Power Bank Capacity Range Outlook (Revenue, USD Billion, 2016 - 2027)

• Up to 3,000 mAh
• 3,001 mAh-8,000 mAh,
• 8,001 mAh-20,000 mAh
• Above 20,000 mAh

Power Bank Energy Source Outlook (Revenue, USD Billion, 2016 - 2027)

• Electric
• Solar

Power Bank Battery Type Outlook (Revenue, USD Billion, 2016 - 2027)

• Lithium-ion
• Lithium Polymer

Power Bank Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2027)

• E-commerce
• Brick and Mortar

Power Bank Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East & 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.

Skin Antiseptic Product Market To Benefit from Increased Global Uptake of 2026

The global skin antiseptic products market size is expected to reach USD 326.75 million by 2026 registering a CAGR of 6.9%, according to a new report by Grand View Research, Inc. Rising incidences of Hospital-Acquired Infections (HAIs) and increasing usage of surgical units and endoscope reprocesses are the key driving factors for the market. Rising number of surgeries being performed is also expected to drive the market over the forecast period. According to the Agency for Healthcare Research and Quality (AHRQ), 17.2 million hospital visits included surgical procedures in U.S. in 2014.

Demand for alcohol antiseptics for pre-injection and pre-operative skin preparations is increasing significantly. In addition, alcohol antiseptics are being used as a base along with various formulations, such as iodine and chlorhexidine. Exceptional properties of alcohol-based antiseptics for surgical purpose is driving the market. Growing awareness regarding the benefits of skin antiseptic products and increasing R&D funding are creating opportunities for market entrants. Moreover, various programs being conducted by manufacturers and governments regarding to boost the awareness about the importance of using skin antiseptic products is also expected to contribute significantly to the skin antiseptic product market growth.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/skin-antiseptic-products-market

Further key findings from the study suggest:

• North America led the global market in 2018 and is anticipated to maintain its position throughout the forecast years owing to rise in number of surgeries being performed and presence of key companies in the region
• Octenidine is anticipated to be the fastest-growing formulation segment over the forecast period. Octenidine is an internal substitute for chlorhexidine and iodine
• Injection segment led the market in 2018 owing to rise in incidence of spinal injuries and usage of skin antiseptic products for pre-injection skin preparation
• Wipes segment is expected to witness the fastest growth over the forecast period as wipes are easy use and possess lesser risk of contamination
• Key companies in the skin antiseptic product market are BD, 3M, Ecolab, Schülke & Mayr GmbH, Sage Products LLC, Johnson & Johnson, and B. Braun Melsungen AG

Grand View Research has segmented the global skin antiseptic product market on the basis of formulations, type, application, and region:

Skin Antiseptic Products Formulations Outlook (Revenue, USD Million, 2015 - 2026)

• Alcohols
• Chlorhexidine
• Iodine
• Octenidine
• Others

Skin Antiseptic Products Skin AntisepticProducts Type Outlook (Revenue, USD Million, 2015 - 2026)

• Solutions
• Swab Sticks
• Wipes

Skin Antiseptic Products Application Outlook (Revenue, USD Million, 2015 - 2026)

• Surgeries
  • Spinal
  • Joint
  • Other
• Injections
  • Spinal
  • Joint
  • Other

Skin Antiseptic Products Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

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.

Medical Imaging Phantom Market Industry Analysis , Opportunity Assessment And Forecast Till 2027

The global medical imaging phantoms market size is anticipated to reach USD 212.4 million by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 5.2% from 2020 to 2027. Diagnostic radiology is widely adopted for precision diagnosis of brain injuries, cancer, and other diseases. In addition, computed tomography (CT) scan and magnetic resonance imaging (MRI) are widely used techniques. These phantoms help in enhancing the efficiency of these imaging devices by helping medical experts in detecting, interpreting, analyzing, and evaluating information required for treatments. Therefore, the increasing adoption of these devices for the diagnosis of severe diseases is expected to drive the market growth.

Effective reimbursement scenario of medical imaging and growing competition to provide advanced technologies are a few factors driving the adoption of the product. Moreover, growing participation of key players in various radiology conferences is expected to drive the adoption of these devices and their respective phantoms. Increasing number of preclinical studies to understand the effectiveness of these phantoms for hybrid imaging devices is expected to expand the growth potential in the coming years.

Introduction of advanced materials and production techniques are some of the major factors expected to strengthen the applications of these phantoms for specific diseases. Introduction of advanced simulating phantoms is anticipated to provide deep insights on actual dynamics at a cellular level, thus enhancing the precision in diagnostics.

These devices have various associated advantages, which is a key factor driving the market growth. For instance, realistic medical imaging phantoms of organs and tissues are being developed using 3D technology to enhance the performance of medical imaging devices. This, in turn, is expected to drive the medical imaging phantom market growth over the forecast period.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/medical-imaging-phantoms-market

Further key findings from the report suggest:

• X-ray phantoms held the largest market share in 2019 mainly due to the growing number of x-ray units launches in various countries
• Nuclear imaging phantoms is projected to register the highest CAGR over the forecast period owing to the growing adoption of nuclear medicine. In addition, increasingly advanced and safer radionuclides and high accuracy of nuclear imaging modality are some factors contributing toward the segment growth
• Hospitals dominated the market in 2019 owing to significant number of favorable government initiatives to improve the quality of treatment offered to patients and the steep rise in medical reimbursement policies
• The academic and research institutes segment is expected to witness a steady growth from 2020 to 2027 owing to high product demand for educational purposes for providing efficient training regarding the usage of these phantoms
• North America held the largest share in 2019 owing to the high adoption of advanced medical products, increasing government expenditure for research activities, and growing number of product launches in the region
• The major players present in the medical imaging phantommarket include Biodex Medical Systems, Inc.; Modus Medical Devices Inc.; Carville Limited; PTW Freiburg GmbH; Dielectric Corporation; Quart GmbH; Kyoto Kagaku Co. Ltd; and Leeds Test Objects Ltd.

Grand View Research has segmented the global medical imaging phantom market on the basis of device type, end use, material, and region:

Medical Imaging Phantom Device Type Outlook (Volume, ’000; Revenue, USD Million, 2016 - 2027)

• X-ray
• Ultrasound
• CT
• MRI
• Nuclear Imaging
• Others

Medical Imaging Phantom End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Academic and Research Institutes
• Diagnostic and Reference Laboratories
• Medical Device Companies

Medical Imaging Phantom Material Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

• Simulating Devices
  • X-ray
  • Ultrasound
  • CT
  • MRI
  • Nuclear Imaging
  • Others
• False Organs
  • X-ray
  • Ultrasound
  • CT
  • MRI
  • Nuclear Imaging
  • Others

Medical Imaging Phantom Regional Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Switzerland
  • Turkey
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • Thailand
  • South Korea
  • Indonesia
  • Taiwan
  • Hong Kong
  • Philippines
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar

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.

Empty IV Bags Market Poised to Expand at a Robust Pace Over 2026

The empty IV bags market size is expected to reach USD 5.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Rising incidence of cancer, favorable government initiatives related to non-PVC IV bags, and growing risk of malnutrition across the globe are the key driving factors for the market.

Government agencies of various countries are taking several steps to reduce usage of phthalate IV bags wherever possible without compromising on patient safety. For instance, Denmark introduced a national ban on Di-(2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate (DBP), Dibp Plasticizer (DIBP), and Butyl Benzyl Phthalate (BBP) under its national phthalate strategy, which was initially set for December 2013 and was later postponed to 2015. The Danish Health and Medicines Authority (DHMA) announced certain set of guidelines pertaining to usage of particular types of phthalates in medical devices. The aim of these initiatives was to ensure continued reduction in the use of classified phthalates in medical devices. Similarly, in May 2006, the Federal Institute for Drugs and Medical Devices, Germany, issued a recommendation for hospitals to minimize or avoid use of DEHP-containing medical devices for specific population groups, such as premature babies, infants, children, adolescents, pregnant women, and nursing mothers. The recommendation necessitates manufacturers to produce alternative products that are PVC-free and nontoxic.

Malnutrition is one of the major drivers of the market. According to the UNICEF, poor nutrition in the first 1,000 days of an infant’s life may lead to stunted growth and impaired cognitive ability. An infant’s diet must contain a proper balance of starch, minerals, vitamins, amino acids, and lipids. These essential nutrients can be administered, if need be, through parenteral route, which is expected aid growth.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/empty-iv-bags-market

Further key findings from the report suggest:

• In terms of revenue, non-PVC empty IV bags segment held the largest share in 2018 owing to the environment-friendliness of non-PVC
• The demand for multi-chambered bags is expected to increase due to presence of separate storage for different components
• Under the type segment, single chambered empty IV bags held the largest share in 2018
• Asia Pacific is expected to witness the fastest growth over the forecast period, owing to growing malnutrition in the region
• Some prominent players in empty IV bags market are Technoflex, Wipak Group, Baxter, and ICU Medical, Inc.

Grand View Research has segmented the empty IV bags market on the basis of product, type, and region:

Empty IV Bags Product Outlook (Revenue, USD Million, 2015 - 2026)

• PVC Empty IV Bags
• Non PVC Empty IV Bags
  • Polypropylene
  • Copolyester ether
  • Ethylene-vinyl acetate
  • Others

Empty IV Bags Type Outlook (Revenue, USD Million, 2015 - 2026)

• Single Chamber
• Multi Chamber

Empty IV Bags Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Netherlands
  • Spain
  • Sweden
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South 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.

Digital Health Market Size Is Expected To Reach USD 509.2 Billion by 2025

The global digital health market size is expected to reach USD 509.2 billion by 2025, expanding at a CAGR of 27.7% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of mHealth technologies by physicians to prescribe for self-management of chronic illness, such as diabetes, has propelled the growth of the market. For instance, Glooko is specifically used for management of diabetes. Availability of such apps in smartphones makes it easier for healthcare professionals to access patient information and diagnose diseases. Furthermore, increase in penetration of smartphones and internet connectivity are the key factors driving the market.

Growing need for improving workflow efficiency in hospitals and other healthcare centers is propelling the demand for mHealth services in healthcare administration. For instance, Results SMS in Uganda is an open source SMS-based platform providing appointment reminders. It gives appointment reminders as SMS to patients. In addition, mHealth services are disseminating essential medical information to healthcare professionals, which, in turn, is driving their adoption in healthcare communities as these help in training, updating, and educating about diagnosis and treatment.

Additionally, increasing pressure from the governments to reduce cost and rising demand for improved patient care are resulting in an increase in the demand for electronic health record (EHR) system. Recent advancements in EHR technology with the inclusion of interoperability, mobile, cloud, and big data are propelling the demand for advanced EHRs in the market. Companies are increasingly investing in developing innovative technologies in EHRs, which, in turn, is expected to boost demand in the market. For instance, in 2018, Allscripts launched Avenel, which is a mobile-first, cloud based EHR that uses machine learning to reduce time in clinical documentation and works more like an app.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-health-market

Further key findings from the study suggest: 

• In 2018, the mHealth technology segment held the largest revenue share owing to rising adoption of mHealth technologies among physicians and patients, increasing trend of preventive healthcare, and rising funding for mHealth startups
• Digital health systems occupied the second largest revenue share in 2018 owing to rising government initiatives to promote digital health, resulting in an increased adoption of digital systems among healthcare systems
• North America held the largest revenue share in 2018 owing to rapid growth in adoption of smartphones, advancements in coverage networks, rise in the prevalence of chronic diseases, and increase in geriatric population
• Asia Pacific is expected to expand at the fastest CAGR over the forecast period owing to increasing penetration of smartphones and smart wearable devices and rising adoption of mHealth services
• Key players operating in the digital health market include Apple Inc.; AirStrip Technologies; Allscripts; Google Inc.; Orange; Qualcomm Technologies Inc.; Mqure; Samsung Electronics Co. Ltd.; Telefonica S.A.; Vodafone Group; Cerner Corporation; and McKesson Corporation.

Grand View Research has segmented the global digital health market on the basis of technology, component, and region:

Digital Health Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Tele Healthcare
  • Tele-care
    • Activity Monitoring
    • Remote Medication Management
  • Tele-health
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables
      • BP Monitors
      • Glucose Meters
      • Pulse Oximeters
      • Sleep Apnea Monitors (PSG)
      • Neurological Monitors
      • Activity Trackers/ Actigraphs
    • mHealth Apps
      • Medical Apps
      • Fitness Apps
    • Services
    • mHealth Services Market, By Type
      • Monitoring Services
        • Independent Aging Solutions
        • Chronic Disease Management & Post-Acute Services
      • Diagnosis Services
      • Healthcare Systems Strengthening Services
      • Others
    • mHealth Services Market, By Participants
      • Mobile Operators
      • Device Vendors
      • Content Players
      • Healthcare Providers
    • Healthcare Analytics
    • Digital Health Systems
      • EHR
      • E-prescribing Systems

Digital Health Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Services

Digital Health Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South 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.

Ophthalmic Knives Market Poised to Expand at a Robust Pace of USD 2.4 Billion Over 2026

The global ophthalmic knives market size is expected to reach USD 2.4 Billion by 2026, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 4.9% during the forecast period. Introduction of advanced knives and rising incidence of age related ophthalmic diseases are some of the major factors driving the growth.

Increasing overall life expectancy and rising geriatric population is expected to cause steep increase in age related ophthalmic disorders. Along with these, incidence of lifestyle associated ophthalmic devices including myopia and hypermetropia are expected showcase significant growth during the forecast period. Most of these ophthalmic conditions cannot be treated by drugs. Increasing number of ophthalmic surgeries are expected to boost the market during forecast period.

High competition and introduction of local players are the factors encouraging market players to introduce advanced knives at affordable prices. Major players are focusing on developing innovative manufacturing techniques along with advanced raw materials to reduce the device price.

Incorporation of new reimbursement policies in developed countries along with growing efforts of non-profit organizations to increase awareness about ophthalmic conditions and to provide affordable/free ophthalmic procedures in rural regions are the factors expected to boost the number of ophthalmic surgeries.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/ophthalmic-knives-market

Further key findings from the report suggest:

• North America captured the largest ophthalmic knife industry share in 2018 owing to favorable reimbursement policies, presence of major market players, and rise in geriatric population
• Straight knives segment is anticipated to expand at a CAGR of 4.10% during the forecast period owing to fine design, durability, and sharpness of the knives
• Slit knives segment is also expected to register lucrative CAGR in near future owing to extensive use for entry in anterior chamber/phaco stab incision (single bevel) in eye-related surgeries
• Single-use/disposable knives segment is expected to witness significant growth over the forecast period due to features such as safety and affordability
• The key players profiled in the ophthalmic knife market comprise Alcon, Inc.; Hoya Corporation; Essilor; Topcon Corporation; Hai Laboratories, Inc.; Bausch and Lomb Incorporated; MANI Inc.; Seiko Optical Products Co., Ltd.; Nidek Co., Ltd.; Ziemer Group; Alltion; and DGH Technology

Grand View Research has segmented the global ophthalmic knife market on the basis of design, product, end user, and region:

Ophthalmic Knives Design Outlook (Revenue, USD Million, 2015 - 2026)

• Straight Knives
• Crescent Knives
• Slit Knives
• MVR Knives
• Stab Knives
• Others

Ophthalmic Knives Ophthalmic Knives Product Outlook (Revenue, USD Million, 2015 - 2026)

• Reusable
• Single-use

Ophthalmic Knives End Users Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• ASCs
• Clinics

Ophthalmic Knives Region Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Italy
  • France
  • UK.
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Thailand
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

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.

Over-the-Top Devices And Services Market Expected to Collect USD 165.13 Billion by 2025

The Report Over-the-Top (OTT) Devices And Services Market Analysis By Content (VoIP, Text & Images, Video), By Revenue Source (AVOD, SVOD, TVOD), By Device (Mobile Devices & Computers, Gaming Console, Smart TVs & STB), By Deployment, And Segment Forecasts, 2018 - 2025

The global over-the-top (OTT) devices and services market is expected to reach USD 165.13 billion by 2025, according to a new report by Grand View Research, Inc. The rising penetration of mobile devices, such as tablets and smartphones, and advancements in consumer electronics devices such as smart TVs, are estimated to drive the demand for OTT content and services amongst the masses over the forecast period.

There has been a rapid surge in the demand for OTT videos, particularly in developing economies. TV digitization initiatives by various regional governments and broadcasters across the world have enabled OTT content to emerge as the popular platform for video consumption.

Businesses across various sectors are increasingly seeking contemporary technological models to provide personalized experiences to their customers, such as TV access on smartphones, connected devices, and tablets. Content providers and broadcast service providers are leveraging the benefits of OTT technology to enhance customer engagement by gaining in-depth insights about their customer base.

Moreover, the rising demand for Video On Demand (VOD), Voice over Internet Protocol (VoIP), Subscription Video on Demand (SVOD), instant messaging services, and internet TV are expected to propel the industry growth over the forecast period. OTT service providers are increasingly focusing their efforts toward the development of various innovative features, such as Google Translate, which translates voice mail services into text, to provide convenience and enhance customer value.

Access Research Report of OTT Devices And Services Market @ http://www.grandviewresearch.com/industry-analysis/over-the-top-ott-devices-services-market

Further key findings from the report suggest:

• Content providers such as DISH Network, Comcast, AT&T, and DIRECTV, are paving their way into the SVOD domain to expand their presence and capture a larger market share by providing various offerings within the domain
• OTT service providers across the globe are focusing their efforts on the development of the three key streaming technologies that include High-Dynamic Range (HDR),1080p content, 4K streaming, and Virtual Reality (VR) video
• Players such as WhatsApp, Tencent QQ, Apple FaceTime, Skype, and Google Hangouts, are upgrading their processes with new innovative technologies and offerings to provide advanced communication and messaging services
• The proliferation of hybrid models combining Subscription VOD (SVOD) with Advertising VOD (AVOD) coupled with the increasing penetration of fiber broadband and 4G internet services are expected to propel the demand for OTT content across developing nations such as China
• Growing proliferation of Smart TVs is expected to provide increasing opportunities for advertisers to become content providers and offer a wide plethora of services to consumers through various platforms such as Hulu, Netflix, and YouTube

Grand View Research has segmented the global OTT devices and services market on the basis of content, revenue source, device, deployment, and region:

OTT Devices And Services Content Outlook (USD Billion; 2014 - 2025)

• VoIP
• Text & Images
• Video

OTT Devices And Services Revenue Source Outlook (USD Billion; 2014 - 2025)

• AVOD
• SVOD
• TVOD
• Others

OTT Devices And Services Device Outlook (USD Billion; 2014 - 2025)

• Mobile devices & Computers
• Smart TVs & Set-top Box
• Gaming Console

OTT Devices And Services Deployment Outlook (USD Billion; 2014 - 2025)

• On-premise
• Cloud

OTT Devices And Services Regional Outlook (USD Billion; 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• 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.

Digital Marketing Software Market To Make Great Impact In Near Future by 2027

The global digital marketing software market size is expected to reach USD 151.8 billion by 2027, registering a of CAGR 17.4% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. The software can integrate multiple digital content delivery platforms so that organizations can plan, design, and execute marketing campaigns on their own. The software is utilized by companies to perform an in-depth and real-time analysis of campaigns. The proliferation of the internet and the growing use of social media are encouraging companies to increase their spending on creating interactive and intuitive digital content for marketing purposes. This, in turn, is anticipated to drive the market over the forecast period.

The advent of social media has dramatically enabled organizations to increase customer engagement via influencers, allowing organizations to engage in content-driven publicity. Furthermore, the on-going innovations in digital marketing technologies such as virtual influencers and its subsequent applications in the retail industry are anticipated to fuel market growth. For instance, Channel S.A and PRADA have adopted Lil Miquela, a virtual influencer developed by Brud for advertising their products. Moreover, the increasing adoption of Voice of the Customer (VoC) techniques such as online-hosted customer communities that defines a customer’s preference for future products is anticipated to boost the demand for the software over the forecast period. Moreover, the outbreak of COVID-19 has positively impacted the market owing to the increasing social media marketing activities among industries such as automotive, BFSI, education, and healthcare.

Artificial Intelligence (AI) is extensively used to build data models automatically in digital forms and collect data from multiple sources. AI is positively impacting the market, as organizations are emphasizing the adoption of this technology for improving the customer experience. For instance, CogniCor Technologies has integrated AI in its digital marketing software to enable end users to enhance the complaint resolution activities, resulting in an increased level of customer satisfaction. Thereby, the companies offering AI in their software are likely to stay competitive in the market.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-marketing-software-dms-market

Further key findings from the report suggest:

• The marketing automation software is anticipated to gain traction over the forecast period to perform activities such as lead nurturing and collaboration among teams to promote business
• The managed services segment is expected to grow significantly over the forecast period. This can be attributed to the advantages provided by managed services such as remote monitoring and cost-effective management of IT infrastructure through subscription-based pricing models
• The cloud deployment model is expected to gain traction over the forecast period due to its cost-effectiveness and increased accessibility
• The SMEs segment is anticipated to grow remarkably owing to the increasing adoption of social media platforms such as Facebook, Pinterest, and Instagram, by SMEs for activities related to sales and promotion
• In Asia Pacific, the digital marketing software market is anticipated to witness significant growth owing to increasing popularity of social media, e-commerce, and m-commerce particularly in emerging economies such as India, Indonesia, and Thailand
• Key players operating in the market include Adobe, Inc.; Hewlett Packard Enterprise Company; Hubspot, Inc.; IBM Corporation; Marketo, Inc.; Microsoft Corporation; Oracle Corporation; Salesforce.com, Inc.; SAP SE; and SAS Institute, Inc.

Grand View Research has segmented the global digital marketing software market based on solution, service, deployment, enterprise size, end use, and region.

Digital Marketing Software Solution Outlook (Revenue, USD Million, 2016 - 2027)

• CRM Software
• Email Marketing
• Social Media
• Search Marketing
• Content Management
• Marketing Automation
• Campaign Management
• Others

Digital Marketing Software Service Outlook (Revenue, USD Million, 2016 - 2027)

• Professional Services
• Managed Services

Digital Marketing Software Deployment Outlook (Revenue, USD Million, 2016 - 2027)

• Cloud
• On-premise

Digital Marketing Software Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Digital Marketing Software End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• Manufacturing
• Media & Entertainment
• Others

Digital Marketing Software Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• 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.

Contactless Payments Market Expectations Acme Prominent Development in Developed Regions, Details GVR Study

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
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • Australia
• South America
  • Brazil
• 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.

Pay TV Market Projected To Be Worth USD 260.0 Billion By 2027

The global pay TV market size is anticipated to reach USD 260.0 billion by 2027, exhibiting a CAGR of 1.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising competition from OTT media providers is prompting pay TV operators to disrupt existing business models and strategize more efficient profit generation methodologies. Additionally, emerging players, such as MOBITV, offer customized, cost-effective, and flexible options to their customers according to their demand, thus ensure customer satisfaction. This is expected to prompt new and existing players to diversify their existing service offerings and ensure healthy competition in the market for pay TV. 

The IPTV segment is expected to witness significant growth over the forecast period due to the advent of 5G technology. Increased bandwidth and enhanced ability to build virtual end-to-end networks for specific applications is a major driving factor for the industry. Additionally, the rapid proliferation of the 5G delivery model in emerging economies is expected to provide consumers with a high-definition 4K viewing experience. Moreover, the adoption of 5G integrated with IPTV services is expected to enable the hospitality industry to improve its service offerings. The technology is expected to facilitate more efficient data collection, analysis, and optimization to offer more personalized television viewing experience to the hospitality industry.

Furthermore, Multi-access Edge Computing (MEC) technology is expected to bring content and applications closer to the network edge, thus reducing latency and enable service optimization. MEC facilitates users to access content with minimum delay and increase IPTV network capacity via Software-Defined Networks (SDN), which improves the user’s quality of experience, thus offering encouraging growth prospects to the market. Additionally, MEC is also expected to offer enhanced security to the network system by safeguarding viewers’ information and television viewing trends, which is expected to drive the market for pay TV over the forecast period.

Rising demand amongst customers to access television from anywhere in the world on various devices such as mobile phones and tabs is promoting service providers to adopt cloud computing methodologies. Cloud computing offers a flexible and unified platform to holistically manage content monetization and security, thus enabling service providers to simplify business practices. Furthermore, the adoption of cloud technology also enables service providers to leverage the ‘as-a-service’ business model, thereby helping to generate new and sustained revenue streams.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/pay-television-tv-market

Further key findings from the report suggest:

• The IP segment is expected to witness a CAGR of more than 7.0%, owing to rising adoption of OTT media platforms amongst customers
• The satellite TV segment will continue to witness significant growth over the forecast period. The growth can be associated with the provision of offering customers with low-priced access to live coverage of important events
• Asia Pacific is expected to emerge as the fastest-growing regional market due to comparatively lower internet rates and daily content upgrades, thus ensuring easier access to consumers
• Some of the key players in the pay TV market are DIRECTV, DISH Network Corporation, Carter Communications, Foxtel, and Comcast Corporation.

Grand View Research has segmented the global pay TV market on the basis of technology, and region:

Pay TV Technology Outlook (Subscribers, Million; Revenue, USD Billion, 2016 - 2027)

• Cable TV
• Satellite TV
• Internet Protocol Television (IPTV)

Pay TV Regional Outlook (Subscribers, Million; Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• 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.

B2C e-commerce Market Latest Innovations, Drivers and Industry Key Events By 2025

The global B2C e-commerce market size is anticipated to reach USD 7,724.8 billion by 2025, growing at a CAGR of 11.7%, according to a new report by Grand View Research, Inc. The rising disposable income level, increasing middle-class population and increasing internet & smartphones penetration is likely to spur the market demand over the forecast period. The increasing acceptance of technology is allowing the e-commerce sector to be more efficient and reachable. The growing middle-class population and intense use of social media is also aggravating the demand of online purchasing of various products and services.

MEA region have a dynamic young population with one of the highest global per capita income. In addition to it, high level internet penetration is rapidly evolving online shopping market in the region. Chinese market is going through a consumer revolution, international products taking benefit of innovative marketing, research techniques and advertising. Brand consciousness is getting more importance in attracting Chinese consumers. Luxury goods and service providers are experiencing great growth in China.

The General Agreement on Trade in Services (GATS) provides the rules and regulations governing international trade in services, with great implications for e-commerce. Anti-Spam Law is placed to protect consumers from receiving unsolicited marketing material. As online business collects information of consumers, it cannot legally spam people without having them consent to it. Technological advancement is driving the global market. Retailers and e-commerce players are using augmented reality (AR) technology to enhance the shopping experience. This allow customers to try a product virtually.

The market is very volatile in nature and is experiencing a fierce competition, therefore, marked by an extensive presence of mergers and acquisitions. The key players in the market include Amazon, Alibaba, Jindong, Flipkart, and PayPal. E-commerce market players are focusing on unique changes to their business models in order to enable sellers & consumers to transact online. The big retailers in the market are trying to complement their traditional retailing with online commerce and tying up with other big e-commerce players.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/b2c-e-commerce-market

Further key findings from the report suggest:

• The escalating middle-class population and technological advancements are expected to drive the market.
• The travel & tourism segment is expected to portray high growth rate with a CAGR of 15.8% over the projected period
• Increasing internet penetration and growing acceptance of smartphones are expected to be the drivers of the market over the forecast period.
• The Asia Pacific region dominated the B2C e-commerce market in terms of revenue in 2016 and is expected to have significant growth over the forecast period.
• The key players of the market include Alibaba (China), Amazon.com, Inc.(U.S.), and eBay Inc. (U.S.)

Grand View Research has segmented the global B2C e-commerce market based on type, application and regions:

B2C e-commerce Type Outlook (Revenue, USD Billion; 2014 - 2025)

• B2C Retailers
• Classifieds

B2C e-commerce Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Automotive
• Beauty & Personal Care
• Books & Stationery
• Consumer Electronics
• Clothing & Footwear
• Home Décor
• Industrial & Science
• Sports & Leisure
• Travel & Tourism

B2C e-commerce Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• South America 
  • Brazil 
• 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.

U.S. Sterilization Services Market Top Players, Segments, Cost Structure, Demand, Sales by 2025

The U.S. sterilization services market size is expected to reach USD 2.72 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.1% CAGR during the forecast period. Supportive government investments in the healthcare industry, increasing R&D activities, and rising volume of drug launches are key factors impacting market growth.

The U.S. government has been keen on curbing healthcare costs and this is anticipated to encourage the FDA to speed up approval procedures for generic pharmaceuticals. Faster approvals drive the need for newer sterility testing methods, compelling innovative market participants to spend more on such solutions, thereby propelling the market. With increasing demand for drugs, companies are launching newer drugs with different routes of administration, dosage, or for a new indication. These launches require thorough sterility testing and this is anticipated to drive market growth.

By end use, the market is divided into hospitals, pharmaceuticals, medical device companies, clinical laboratories/research centers, and others, which includes food and beverage companies. Hospitals dominated the overall sterilization services market in 2016 and the segment is expected to retain its top position throughout the forecast period. Increasing incidence of hospital-acquired infections, growing number of surgical procedures, and constantly rising patient pool are prime factors driving this segment.

Currently, the U.S. sterilization services industry is consolidated in nature with only a few top companies capturing the major share. Some of the leading players are STERIS Corporation; Getinge Group; and Advanced Sterilization Products Services, Inc. Other prominent companies include 3M, Belimed, Cantel Medical, MATACHANA GROUP, and Sterigenics International LLC. In September 2016, Cantel announced the acquisition of Vantage Endoscopy’s endoscopy assets. This expansion of direct sales and acquisition of assets of its Canadian distributor is expected to strengthen the company’s position in the infection prevention market.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/us-sterilization-services-market

Further key findings from the report suggest:

• The U.S. sterilization services market was valued at USD 1.83 billion in 2017 and is expected to grow lucratively over the forecast period
• In terms of revenue, the offsite delivery mode segment is anticipated to exhibit a strong growth rate through 2025
• The contract services market was valued at USD 1.27 billion in 2017 and is anticipated to register the fastest CAGR over the forecast period.                    

Grand View Research has segmented the U.S. sterilization services market on the basis of technique, type, delivery mode, and end use:

U.S. Sterilization Services Technique Outlook (Revenue, USD Million, 2012 - 2025)

• Steam
• EtO
• E-beam radiation
• Gamma radiation
• Others

U.S. Sterilization Services Type Outlook (Revenue, USD Million, 2012 - 2025)

• Contract services
• Validation services

U.S. Sterilization Services Delivery Mode Outlook (Revenue, USD Million, 2012 - 2025)

• Onsite
• Offsite

U.S. Sterilization Services End-use Outlook (Revenue, USD Million, 2012 - 2025)

• Hospitals
• Pharmaceutical companies
• Medical device companies
• Clinical laboratories
• Others

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.

X-ray Systems Market to Reach Around USD 10.43 Billion by 2025

The global x-ray systems market size is expected to reach USD 10.43 billion by 2025, according to a new report by Grand View Research, Inc., registering a 2.9% CAGR during the forecast period. Rising investments in medical technology, increasing R&D activities, and surge in product launches are key factors driving market growth.

Prominent modalities include radiography, fluoroscopy, and computed radiography. Computed radiography systems are the most preferred systems, as they provide sharp images in a shorter time. Moreover, the imaging plates can be reused. Fluoroscopy is also gaining prominence in developed countries such as U.S. and Canada.

X-ray systems can be stationary or portable. Even the stationary systems dominated the market in 2017 in terms of revenue, the portable kind are poised to witness faster growth. Stationary radiography systems have significant demand in developing countries where adaption to new technology is slow. Portable systems are preferred over stationary variants due to their mobility, which makes them more convenient and flexible for use.

Some of the key players in this market are Koninklijke Philips N.V.; GE Healthcare; Hitachi, Ltd.; Shimadzu Corporation, Fujifilm Medical Systems; Siemens Healthineers; Canon Medical Systems Corporation; Carestream Health; Hologic, Inc.; and Biosign. Expansion of regional and service portfolio and merger and acquisitions are some of the leading strategic undertakings adopted by these players. For instance, in December 2016, Hitachi acquired Kurt & Kurt, a medical diagnostic system provider, to expand its businesses in Turkey.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/x-ray-systems-market

Further key findings from the report suggest:

• The global X-ray systems market was valued at USD 8.3 billion in 2017 and is expected to at a modest pace over the forecast period
• Based on type, digital systems are anticipated to grow at the fastest rate as analog systems fade out
• By modality, the computed radiography segment was valued at USD 2.9 billion in 2017, emerging as the market leader. Fluoroscopy will register the fastest growth over the forecast period
• While hospitals enjoy the dominant share on the basis of end use, the diagnostic centers segment is anticipated to register a CAGR of 3.6% from 2018 to 2025

Grand View Research has segmented the global x-ray systems market on the basis of modality, mobility, end use, type, and region:

X-ray Systems Modality Outlook (Revenue, USD Million, 2014 - 2025)

• Radiography
• Fluoroscopy
• Computed Radiography

X-ray Systems Mobility Outlook (Revenue, USD Million, 2014 - 2025)

• Stationary
• Mobile

X-ray Systems End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Hospital
• Diagnostic Centers
• Mobile Imaging Centers

X-ray Systems Type Outlook (Revenue, USD Million, 2014 - 2025)

• Digital
• Analog

X-ray Systems Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Greece
  • Spain
  • Austria
  • Denmark
  • Belgium
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Sri Lanka
  • Bangladesh
  • Singapore
  • South Korea
  • Thailand
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • Kuwait
  • Qatar
  • UAE
  • Saudi Arabia

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.

U.S. Emergency Medical Services Products Market is Anticipated To Generate Significant Revenues By 2025

The U.S. emergency medical services (EMS) products market is anticipated to reach USD 15.09 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.2% during the forecast period. Burgeoning demand for emergency care, mounting cases of trauma, and growing healthcare spending are the key factors escalating the growth of the market.

Emergency departments manage patients with medical, obstetric, and surgical emergencies. The department is also equipped to treat injuries, infections, heart attacks, asthma, and acute pregnancy complications. The U.S. has hospital-based emergency departments as well as independent emergency departments that operate outside hospital premises. According to the Centers for Disease Control and Prevention (CDC), 141.4 million patients visited emergency rooms in the U.S. in 2014.

Surging demand in the U.S. for emergency medical services creates a favorable environment for market growth. The Centers for Medicare and Medicaid Services (CMS) has divided emergency departments in the U.S. into two segments: Type A and Type B. Type A functions 24 × 7 and Type B includes emergency departments, which operates during a specified period of time. As per Becker's Hospital Review, a magazine for hospital business news, in 2016, the number of emergency department visits in the U.S. was 136.3 million. These figures indicate a strong demand for EMS products.

Moreover, in 1986, the government had introduced the Emergency Medical Treatment and Labor Act (EMTALA). As per the law, anyone going to emergency department has to be treated, regardless of their ability to pay or their insurance status. Such laws are improving the accessibility to emergency care, which in turn can propel the market. 

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/us-emergency-medical-services-ems-products-market

Further Key Findings From the Study Suggest:

• Life support & emergency resuscitation products accounted for the largest share in 2016 owing to their requirement in most of the emergency medical cases.
• Based on end use, Fire department represented the largest share in 2016 as they are usually the first responders and also attend casualties at accident sites.
• Major players of the market include Bound Tree Medical; McKesson Medical-Surgical, Inc.; Henry Schein, Inc.; Medline Industries, Inc.; Stryker Corporation; Smiths Medical; Cardinal Health; and Penn Care Inc.

Grand View Research has segmented the U.S. EMS products market on the basis of product and end-use:

U.S. EMS Products Outlook (Revenue, USD Billion, 2014 - 2025)

• Life support & emergency resuscitation
  • Defibrillators
  • Endotracheal Tubes
  • Ventilators
  • Resuscitators
  • Laryngoscopes
• Patient monitoring systems
• Wound care consumables
  • Dressings & Bandages
  • Sutures & Staples
  • Others
• Patient handling equipment
  • Medical Beds
  • Wheelchairs and scooters
  • Other equipment
• Infection control supplies
  • Disinfectant and Cleaning Agents
  • Personal Protection Equipment
  • Others
• Other EMS products

U.S. EMS Products End-Use Outlook (Revenue, USD Billion, 2014 - 2025)

• Fire Department
• Government/Third Services
• Private transport
• Hospital Owned Services
• Public Utility Services
• Volunteer Services
• Others

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.

Medical Device Cleaning Market Latest Innovations, Drivers and Industry Key Events by 2025

The global medical device cleaning market size is expected to reach USD 15.9 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.3% during the forecast period. High adoption of advanced methods and materials to prevent infections in hospitals and increase in the number of hospitals & other healthcare facilities, including clinics, are expected to boost market growth.

Other key factors expected to enhance the market growth include strict regulations and guidelines to reduce incidences of hospital-acquired infections coupled with introduction of novel methods & materials for cleaning, disinfecting, and sterilizing medical devices. Increase in the number of contractual service providers for reprocessing and manufacturers of materials required in these processes is also anticipated to propel the market.

Guidelines and regulation by U.S. FDA play an important role in determining market dynamics. They profile various materials along with their effects in cleaning & disinfecting medical devices and risks associated with them. In addition, they regulate standards of tests for disinfection. Most developing countries follow similar guidelines, especially those in the Asia Pacific region, where medical tourism is booming and primary customers include patients from developed countries.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/medical-device-cleaning-market

Further key findings from the report suggest:

• Semi-critical devices accounted for the largest share in 2017 and is expected to dominate throughout forecast period. High usage and need for repeated sterilization between patients are among the key factors anticipated to drive the growth of the segment
• The disinfection segment dominated the market in 2017 and is expected to maintain the largest share throughout the forecast period. Introduction of novel and advanced disinfectants is likely to supplement the growth of the segment
• Sterilization is expected to exhibit the fastest growth during the forecast period. Adoption of advanced sterilization procedures in hospitals is expected to boost the growth of the segment
• Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period. High demand for advanced medical device reprocessing equipment and materials owing to increasing medical tourism is one of the primary growth drivers in the region.

Grand View Research has segmented the global medical device cleaning market on the basis of device type, technique, and region:

Medical Device Cleaning Device Type Outlook (Revenue, USD Million, 2014 - 2025)

• Noncritical
• Semi-critical
• Critical

Medical Device Cleaning Technique Outlook (Revenue, USD Million, 2014 - 2025)

• Cleaning
  • Detergents
  • Buffers
  • Chelators
  • Enzymes
  • Others (Lumen cleaning wires)
• Disinfection
  • Chemical
    • Alcohol
    • Aldehyde
    • Chlorine and Chlorine Compounds
    • Others
  • Metal
  • Ultraviolet
  • Others
• Sterilization
  • Heat Sterilization
  • Ethylene Dioxide
  • Others

Medical Device Cleaning Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Austria
  • Norway
  • Greece
  • Denmark
  • Spain
  • Belgium
• Asia Pacific
  • China
  • India
  • Japan
  • Bangladesh
  • South Korea
  • Thailand
  • Malaysia
  • Singapore
  • Australia
  • Sri Lanka
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • U.A.E
  • Saudi Arabia
  • Qatar
  • Kuwait

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.