Medical Holography Market Will Hit at a CAGR of 31.0% in terms of Revenues from 2018 to 2025

The global medical holography market size is expected to reach USD 4.04 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 31.0% during the forecast period. The market is predominantly driven by increasing adoption of this technique in biomedical research and academic centers. Rising awareness regarding benefits of the technique is one of the key growth stimulators of the market.

Benefits associated with holographic techniques are precise coordination in interventional and diagnostic applications, generation of live images, minimal invasion, and enhanced training. Soaring demand for incorporation of minimally invasive techniques is also projected to boost the growth of the global market. As compared to invasive procedures, these procedures result in lesser trauma and quicker recovery. Another advantage of this procedure is that there is less amount of blood loss as compared to invasive surgery.

Medical holography is anticipated to revolutionize education and training for medical students over the coming years. Traditional teaching methods and textbooks increase the cognitive load on students, which can be reduced by conversion of 2 or 2.5 D representation into a 3D image. According to a study, it has been observed that medical holograms improve the understanding of anatomy compared to traditional methods. Moreover, holographic projections are increasingly being used in various other fields such as aviation, manufacturing, gas, and oil which is estimated to augur well for the holography market.

With increasing burden of chronic diseases and clinical urgency to incorporate technologically advanced products for early and non-invasive diagnosis, medical holography is likely to gain prominence in a wide array of applications. Introduction of new and sophisticated products is poised to shape the future of the market.

Access Research Report of Medical Holography Market@ www.grandviewresearch.com/industry-analysis/medical-holography-market

Further Key Findings From the Study Suggest:

• The holographic displays segment accounted for 65.8% of the overall revenue in 2016
• Semi-transparent displays held 38.8% of the holographic display segment as they can be used to create 3D graphics with enhanced depths and sufficient resolution to provide realistic experience
• The microscope segment is expected to witness a remarkable CAGR of 32.3% during the forecast period due to technological advancements in the field of microscopy
• The medical education segment is poised to post a CAGR of 31.6% during the forecast period
• Research laboratories was the dominant end-use segment, commanding a share of 32.97% in 2016. The substantial share can be attributed to increasing adoption of holography products in research, which primarily involves phase contrast imaging and dynamic live cell imaging
• North America led the market with over 37.0% share in 2016 owing to extensive research activities undertaken by a majority of prominent market players
• Asia Pacific is anticipated to exhibit a CAGR of over 32.5% during the forecast period.

Grand View Research has segmented the global medical holography market on the basis of product, application, end use, and region:

Medical Holography Product Outlook (Revenue, USD Million, 2014 - 2025)

• Holographic Display
  • Laser
  • Touchable
  • Piston
  • Semi-Transparent
• Microscope
• Print
• Software
• Others

Medical Holography Application Outlook (Revenue, USD Million, 2014 - 2025)

• Medical Imaging
  • Ophthalmology
  • Dentistry
  • Urology
  • Otology
  • Orthopedics
  • Others
• Medical Education
• Biomedical Research

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

• Academic Centers
• Pharmaceutical & Biotechnology Companies
• Hospitals & Clinics
• Research Laboratories

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

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

Clinical Trials Management System Market to Expand at a CAGR of 12.1% Through 2025| Top Industry Players Oracle Corp.; Medidata Solutions, Inc

The global clinical trials management system (CTMS) market size is expected to reach USD 1.62 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 12.1% over the forecast period. Rapid growth of healthcare IT, high R&D expenditure by life science and clinical research organizations, and adoption of CTMS solutions is anticipated to drive the market growth.

Increasing investment by pharmaceutical and biotechnology companies coupled with government funding is promoting research activities. This factor is expected to boostgrowth of the market for clinical trial management systems.According to the estimates of the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), global research-based pharmaceutical industry has spent around USD 149.8 billion in 2015. The annual spending of pharmaceutical industry is 5.5 times greater than the aerospace industry, 1.8 times more than software and computer services andsoftware industry, and 5 times more than chemicals industry.

Access Research Report of Clinical Trial Management System Market @
https://www.grandviewresearch.com/industry-analysis/clinical-trial-management-system-ctms-market

Further key findings from the report suggest:

• Enterprise CTMS held the largest market share in 2016 due to the benefits such as real-time insight into operational activities and efficient tracking in tracking and managing the regulatory process
• Web-based systems held the largest market share in 2016 owing to the benefits such as remote access of data and minimal technical issues
• Cloud based system is anticipated to exhibit the fastest CAGRover the forecast period. Real-time data tracking, high security, easy accessibility from any device, and privacy are a few factors attributed to the growth
• Based onregion, North America is expected to continue holding the largest market share during the forecast period due to high adoption of advanced technology and improved healthcare infrastructure
• Asia Pacificis likely to witness significant growthover the next decade due toincreasing government incentives and low cost of clinical trials
• Some of the key players operating in the Clinical Trials Management System (CTMS) market are Surgery Partners;PARAXEL International Corporation; Oracle Corporation; Medidata Solutions Inc.; Forte Research Systems Inc.; Medpace Holdings Inc.; and Clinical Data Inc.

Grand View Research has segmented the global Clinical Trials Management System (CTMS) market based on type, delivery mode, component, end user, and region: 

Clinical Trials Management System (CTMS) Type Outlook (Revenue, USD Million, 2014 - 2025)

• Enterprise
• Site

Clinical Trials Management System (CTMS) Delivery Mode Outlook (Revenue, USD Million, 2014 - 2025)

• Web-based
• Cloud-based
• On-Premise

Clinical Trials Management System (CTMS) Component Outlook (Revenue, USD Million, 2014 - 2025)

• Software
• Services

Clinical Trials Management System (CTMS) End-User Outlook (Revenue, USD Million, 2014 - 2025)

• Pharmaceutical and Biotechnology Firm
  • Johnson & Johnson
  • Roche
  • Novartis
  • Pfizer
  • Merck
  • GlaxoSmithKline
  • Novo Nordisk
  • Amgen
  • Bristol Myesr Squibb
  • Sanofi
• CROs
• Medical Device Firm

Clinical Trials Management System (CTMS) Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Belgium
  • Netherlands
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • Australia
  • Singapore
  • Malaysia
  • Indonesia
  • South Korea
  • Philippines
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • United Arab Emirates

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.

Clinical Microbiology Market: In- Depth Analysis of Regional Overview & Growth by 2025

The global clinical microbiology market size is expected to reach USD 16.7 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 6.7% over the forecast period. Clinical microbiology depends on technical and skilled workforce to process and interpret results of clinical specimens. Clinical staff have been complaining about poor Turnaround Time (TAT) of tests. However, with technological advancements, a number of laboratory instruments and equipment are being replaced with automated devices to minimize human error and dependency on skilled workforce.

In addition, automation has benefits such as reduced TAT and use of labor and lab space, thereby reducing overall cost associated with these tests. Manufacturers are focusing on introduction of automatic specimen processing, plate reading, and organism identification. GE Healthcare, PerkinElmer, and Thermo Fisher are some of the key players offering automated systems in the diagnostics industry.

Rising cases of hospital-acquired infections (HAI) is also fueling demand for clinical microbiology for diagnosis and monitoring. As high-income countries are stepping up their pursuit of countering hospital-acquired infections, middle- and low-income countries are recognizing the threat. Introduction of automated systems and innovative designs is expected to intensify market competition and change market dynamics over the forecast period.

The World Health Organization (WHO) is particularly active in countries such as Ethiopia, Burkina Faso, Nigeria, Algeria, and Senegal, where occurrence of HAIs ranged between 2.5% and 14.8%. This has led to increased demand for HAI diagnostics in these countries. Countries such as India, Sri Lanka, Pakistan, and Bhutan are also actively participating in HAI awareness programs. India and China are projected to be the main countries driving demand for HAI diagnostics instruments and tests in future.

Access Research Report of Clinical Microbiology Market@ www.grandviewresearch.com/industry-analysis/clinical-microbiology-market

Further key findings from the study suggest:

• Owing to rapid adoption of technology and automation of work flow, laboratory instruments are expected to form the fastest growing segment over the forecast period
• Reagents captured the largest revenue share in 2016 owing to repeat purchase of reagents
• In 2015, North America dominated the global market. Continuous research on infectious disease treatment and subsequent grants from government healthcare agencies are contributing to development of a strong ecosystem in the region
• Asia Pacific is expected to emerge as the fastest growing region during the forecast period owing to rising geriatric population in India, China, and Japan. This has resulted in high prevalence of re-emerging infectious diseases such as tuberculosis, cholera, and typhoid
• The clinical microbiology market is presently dominated by a few key participants such as bioMerieux S.A.; Cepheid Inc.; Danaher Corporation; and Bruker Corporation
• Other prominent players operating in the market include Becton Dickinson & Company; Hologic Inc.; Roche Diagnostics; and Alere Inc.

Grand View Research has segmented the global clinical microbiology market on the basis of product, application, and region:

Clinical Microbiology Product Type Outlook (Revenue, USD Million, 2014 - 2025)

• Laboratory Instruments
  • Incubators
  • Gram Stainers
  • Bacterial Colony Counters
  • Autoclave Sterilizers
  • Petri Dish Fillers
  • Automated Culture Systems
• Microbiology Analyzers
  • Molecular Diagnostic Instruments
  • Microscopes
  • Mass Spectrometers
• Reagents

Clinical Microbiology Application Type Outlook (Revenue, USD Million, 2014 - 2025)

• Respiratory Diseases
• Bloodstream Infections
• Gastrointestinal Diseases
• Sexually Transmitted Diseases
• Urinary Tract Infections
• Periodontal Diseases
• Other Diseases

Clinical Microbiology Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Liquid Biopsy Market to Expand with Significant CAGR During the Forecast Period

The global liquid biopsy market size is expected to reach USD 5.96 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 13.4% during the forecast period. Enhanced view of tumor provided by liquid biopsy technology is estimated to augment the market in coming years.

While tissue biopsies have been standard for cancer diagnosis for past several year, their highly invasive nature and frequently associated complications have been major concerns. Moreover, these biopsies lead to high expenditure being incurred by patients. Liquid biopsies, on the other hand, offer a less invasive methodology along with high effectiveness. Thus, there are a number of key private organizations involved in rigorous R&D activities for liquid biopsy test development and it is only a matter of time before these procedures grow in prominence in diagnostic paraphernalia of oncologists and pathologists.

Access Research Report of Liquid Biopsy Market@ www.grandviewresearch.com/industry-analysis/liquid-biopsy-market

Further key findings from the report suggest:

• Technological developments such as electric field induced release and measurement (EFIRM)- Liquid Biopsy (eLB), which provides detection that can assist clinical treatment decisions for most common subtype of cancers are expected to drive the uptake of saliva based sampling over the forecast period
• Currently, clinical use of isolation and detection technology is limited to CTC quantitation but the number of CTCs is found to hold significant correlation with disease severity. This is, thus, estimated to augment the market over the coming years
• Rising awareness regarding advantages of multiple gene analysis along with the help of NGS is anticipated to support the growth of the market
• Organizations such as American Society of Clinical Oncology (ASCO) are engaged in supporting implementation of liquid biopsy, which in turn is likely to spur the growth of the market
• Intensifying competition between biotech companies and increasing investments by government in healthcare institutes will lead to development of more sophisticated tests
• Companies engaged in R&D and commercialization of these products include Pathway Genomics; Natera Inc.; Epic Sciences; Illumina; Foundation Medicine; Roche; LabCorp; and Sequenom

Grand View Research has segmented the global liquid biopsy marketon the basis of application, sample type, biomarker, technology, and region:

Liquid Biopsy Application Outlook (Revenue, USD Million, 2013 - 2030)

• Therapy Selection for Metastatic Breast Cancer (MBS)
• Therapy Selection for Other Metastatic Cancer
• Molecular Health Monitoring

Liquid Biopsy Sample Type Outlook (Revenue, USD Million, 2013 - 2030)

• Blood Sample based
• Urine Sample based
• Other Bio Fluids (Tissue fluids and Saliva) based

Liquid Biopsy Biomarker Outlook (Revenue, USD Million, 2013 - 2030)

• Circulating Tumor Cells (CTC)
• Circulating Tumor DNA (ctDNA)
• Exosomes

Liquid Biopsy Technology Outlook (Revenue, USD Million, 2013 - 2030)

• Multi-gene-parallel Analysis (NGS)
• Single Gene Analysis (PCR Microarrays)

Liquid Biopsy Regional Outlook (Revenue, USD Million, 2013 - 2030)

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

Payment Security Market to Expand with Significant CAGR During the Forecast Period

The global payment security market size is expected to reach USD 43.76 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 12.3% during the forecast period. Rising need for PCI DSS (payment card industry data security standard) compliance and adoption of digital payment mode by consumers are likely to stoke the growth of the market. The payments industry is going through a movement of infrastructure transformation, which is essential to compete efficiently with non-bank trendsetters and address progressing customer requirements.

Over the past few years, major economies have modernized their payment infrastructures and many others are scheduling to upgrade. Digital payments aid merchants in maintaining continuous compliance with PCI DSS, which is further anticipated to bolster the growth of the payment security market. In March 2015, Worldpay noted over 133,000 fraudulent transactions reported, which interpreted stolen card details being used every 20 seconds. Thus, payment security providers help its customer's systems to protect itself from threats and aim to provide secure businesses by getting them to comply with PCI DSS. Therefore, the payment security market is estimated to be driven by the adoption of PCI DSS compliance.

Fraud detection and prevention solutions hold the largest share in the overall market. These solutions provide various fraud analytics solutions such as big data and predictive analytics. Big data and predictive analytics helps to detect and avoid frauds.

Access Research Report of Payment Security Market

Further key findings from the report suggest:

• The global payment security market had a valuation of USD 15.79 billion in 2017
• Encryption platform emerged as the fastest growing segment over the forecast period
• Large enterprises represented the leading segment in terms of organization in 2017 and are projected to generate revenue over USD 29.80 billion by 2025
• The education market is poised to witness the highest CAGR of 13.4% over the forecast period
• North America was the leading revenue contributor in 2017. Rising number of startups in the retail industry and presence of prominent payment security providers in the region is expected to drive the North America payment security market
• Key players include Braintree, CyberSource, Ingenico, and Index among others. These players commanded the leading revenue share in the market in 2017.

Grand View Research has segmented the global payment security market on the basis of solution, platform, organization, application, and region:

Payment Security Solution Outlook (Revenue, USD Million, 2014 - 2025)

• Encryption
• Tokenization
• Fraud Detection & Prevention

Payment Security Platform Outlook (Revenue, USD Million, 2014 - 2025)

• Web based
• POS based

Payment Security Organization Outlook (Revenue, USD Million, 2014 - 2025)

• Small and Medium Enterprises
• Large Enterprises

Payment Security Application Outlook (Revenue, USD Million, 2014 - 2025)

• Retail & ecommerce
• Travel & Hospitality
• Healthcare
• Telecom & IT
• Education
• Media & Entertainment
• Others

Payment Security Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Turkey
  • Sweden
  • Spain
  • Poland
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Malaysia
  • Singapore
  • Indonesia
  • Australia
• South America
  • Brazil
  • Argentina
• Middle East & Africa
  • U.A.E
  • Saudi Arabia
  • Egypt

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.

Targeting Pods Market is Anticipated To Incur The Fastest Growth with a CAGR of 6.3% by 2025

The Report Targeting Pods Market Size, Share & Trends Analysis Report By Type (FLIR & Laser Designator, Laser Designator, FLIR), By Component, By Fit, By Platform, By Region, And Segment Forecasts, 2018 - 2025

The global targeting pods market size is expected to reach USD 5.21 billion by 2025, according to a study conducted by Grand View Research, Inc., exhibiting a CAGR of 6.3% during the forecast period. Rise in terrorist activities across the globe and growing adoption of targeting pods by developing countries have boosted the market. These devices provide users with enhanced security and targeting capabilities.

Rising interest of targeting pod companies in gaining a significant share in the defense market in regions such as Middle East is expected to drive the adoption of targeting pods. For instance, Raytheon Company formed a new subsidiary named Raytheon Emirates with an aim to enhance its position in the UAE defense market. Additionally, presence of prominent targeting pod providers such as Israel Aerospace Industries Ltd. is driving market growth in the region.

The Asia Pacific market is expected to witness considerable growth owing to increasing need for public safety. Development activities undertaken by defense organizations in countries such as India is also leading to the growth of the market. Additionally, increased defense budgets of developing countries in the region is boosting the market.

However, decreased defense expenditure in developed countries may hamper market growth. Additionally, high costs of development and maintenance of targeting pods are expected to hinder market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other markets such as naval and defense.

Access Research Report of Targeting Pods Market @ https://www.grandviewresearch.com/industry-analysis/targeting-pods-market

Further key findings from the study suggest:

• FLIR and laser designator pods offer Ground Moving Target Indication (GMTI) capability. Therefore, the segment is expected to register the highest CAGR over the forecast period on the basis of type
• FLIR sensors provide two-way communication and long-range target acquisitions. Thus, based on component, the segment is likely to exhibit the fastest growth rate through 2025
• The OEM fit segment is anticipated to clock in the highest CAGR owing to increasing adoption of targeting pods by governments to enhance security measures
• By way of platform, the UAV segment is anticipated to exhibit the highest CAGR owing to benefits offered such as convenience and enhanced battery life
• Asia Pacific is expected to emerge as the fastest-growing region over the forecast period owing to increased defense expenditure by countries such as China and India
• Prominent industry participants include Thales Group; FLIR Systems, Inc.; L3 Technologies, Inc.; Raytheon Company; Lockheed Martin Corporation; and Smiths Detection Inc.

Grand View Research has segmented the global targeting pods market based on type, component, fit, platform, and region:

Targeting Pods Type (Revenue, USD Million, 2014 - 2025)

• FLIR & Laser Designator Pods
• Laser Designator Pods
• FLIR Pods
• Laser Spot Tracker Pods

Targeting Pods Component Outlook (Revenue, USD Million, 2014 - 2025)

• FLIR Sensor
• Charge Coupled Device (CCD) Camera
• Environmental Control Unit (ECU)
• Moving Map System (MMS)
• Video Datalink
• Digital Data Recorder
• Processor
• High Definition (HD) TV

Targeting Pods Fit Outlook (Revenue, USD Million, 2014 - 2025)

• OEM Fit
• Upgrades

Targeting Pods Platform Outlook (Revenue, USD Million, 2014 - 2025)

• Combat Aircraft
• Unmanned Aerial Vehicle (UAV)
• Attack Helicopters
• Bombers

Targeting Pods Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• RoW

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.

Online Event Ticketing Market to Reach USD 67.99 Billion by 2025: Grand View Research Inc.

The global online event ticketing market size is expected to reach USD 67.99 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 4.8% CAGR during the forecast period. Growing demand for online ticketing can be attributed to increased Internet accessibility and overall hassle-free experience in booking processes.    

Event ticketing processes have witnessed a paradigm shift from traditional booking of tickets at event venue counters to purchasing tickets in advance from the comfort of one’s home. Over the years, booking of tickets through smartphones and tablets has gained immense popularity on account of the perceived ease and flexibility of the procedure and user-friendly, attractive mobile interfaces developed by service providers.

Major ticketing vendors are focusing on providing mobile applications and making websites customer-friendly to facilitate quick and easy ticketing transactions. Such applications enable customers to access all types of information about the event, ticket pricing, seating layouts, and other relevant information.

On account of intensifying competition in the online ticketing industry, service providers are vying to secure long-term contracts with theatres, production houses, sports authorities, and local event organizers in order to ensure sustainability. Promotion of movies, sports tournaments, music concerts, and stand-up comedy shows on the websites of service providers forms a sizeable portion of their revenue.

Uncertainties associated with online booking of tickets are high as demand fluctuates based on the popularity of the event. In case of movies, the stage of lifecycle a movie has reached plays a pivotal role in demand for online booking. To elaborate, 2-3 weeks after a film’s release, patrons prefer purchasing tickets at the counter instead of paying additional surcharge fees since movie halls are comparatively less crowded during that time.

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

Further key findings from the report suggest:

• Mobile applications are expected to surpass the traditional Internet platform for online movie booking services by 2019, which can be attributed to increased penetration of smartphones and improved connectivity through affordable 3G and 4G LTE Internet packs
• Asia Pacific is expected to witness significant growth over the forecast period due to increasing penetration of Internet and smart devices
• Increased disposable income is resulting in a rise in discretionary spending on entertainment and leisure. Moreover, movies account for a major part of the entertainment sector, which may catapult demand over the coming years
• Increasing movie releases worldwide is also expected to drive online movie booking services
• Venue owners and concert organizers across the globe are selling VIP packages, including premium food and beverages, backstage access, preferred seats, and VIP restrooms, which is expected to increase market growth.

Grand View Research has segmented the global online event ticketing market on the basis of platform, event type, and region:

Online Event Ticketing Platform Outlook (USD Million, 2014 - 2025)

• Desktop
• Mobile

Online Event Ticketing Event Type Outlook (USD Million, 2014 - 2025)

• Sports
• Music & Other Live Shows
• Movies

Online Event Ticketing Regional Outlook (USD Million, 2014 - 2025)

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

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.

Food Robotics Market to Witness Soaring Growth During 2018 – 2025

Food robotics have found great importance in the food industry, right from the processing to the pickup to the packaging and repackaging aspects, as automation gathers steam in this space. The growing demand for packaged food, along with the necessity for operational efficiency in food and beverage-related industries, has spiked the demand for robots in the sector.

The introduction of advanced and innovative automation technologies in the robotics industry, which has made them capable of performing a number of activities with better efficiency than the manual aspect. Some of the major robotic applications include picking and placing of randomly oriented food products, wherein systems make use of robot vision to detect the product orientation; another aspect is palletizing, which involves stacking of the packaged boxes on pallets for shipping. The use of robots here can help avoid workplace-related injuries to humans, while freeing them for other value-added tasks.

According to data from Robotics Industry Association, 35,880 robotic units were shipped in 2018 to different industries, which was a 7% increase from 2017. Of these, non-automotive segments witnessed a 41% rise from the previous year, receiving 16,702 shipments, with the food and consumer goods sector witnessing a rise of 48%. This shows the perceived importance of robots for food and beverage manufacturing industries.

In terms of the type of robot, the market is segmented into articulated, parallel, SCARA and cylindrical robots, among others. Articulated robots provide the advantage of high speed while occupying less floor space, and are used for food packaging as well as material handling processes. SCARA (Selective Compliance Assembly Robot Arm) robots are expected to witness high demand in the coming years from the industry, on account of their low cost, small footprint and high throughput rates.

In terms of application, the market is segmented into packaging, repackaging, palletizing, picking and processing. The packaging segment accounts for a very significant market share, as companies look towards reduction of wastage, uniformity in packaging as well as increase in production capacity, all of which robots are capable of performing efficiently. The repackaging and processing segments are expected to show appreciable growth in the coming years, with the growing presence of automated solutions.

Regulatory measures play a huge role in determining the demand for robots in the food industry, which has resulted in Europe showing a high demand for the product in the past few years. Another factor developing favorable conditions for robotics in the European market is the rising cost of labor. Asia Pacific is anticipated to show substantial growth in the near future, on account of the growing demand for packaged food in the region, as well as strict government regulations regarding food safety in the region.

Read More Details@ https://www.grandviewresearch.com/industry-analysis/food-robotics-market

• Recent Trends and Developments
  
  • The current outbreak of coronavirus has seen the removal of manual activities in various industries, including food and beverage, with workers instead making use of robots to carry out activities in the factories and warehouses. In the coming years, the use of robots is expected to become more commonplace in industries, with human intervention being only required for controlling the various activities of these robots.
  • OnRobot, a Danish robotic end-effectors specialist, recently developed a food-grade soft gripper capable of picking up delicate and irregularly-shaped objects in food industry, as well as the manufacturing and packaging operations involved in it. The Soft Gripper offers seamless integration with most collaborative robots and light industrial robots, using OnRobot’s One System Solution platform, which has recently expanded its support to robots from ABB.
  • In March 2020, Yaskawa launched a 20 kg payload HC20XP collaborative robot, designed for safely working in close proximity to humans. This is the industry’s first IP67-rated collaborative robot, and includes NSF H1 food-grade grease, enabling its usage in environments where there is a possibility of incidental food contact.
  • FANUC demonstrated its DR-3iB food-grade delta robot, and M-410iC/110 palletizing robot, at the International Production and Processing Expo (IPPE) held in January 2020. The delta robot has been rated IP69K, and is used for picking and packing primary and secondary food products. The palletizing robot has been designed for high-volume production in case, bag and bottle palletizing operations.

Wearable Medical Device Market Is Anticipated To Generate Significant Revenues by 2027

• The global wearable medical device market is anticipated to be worth USD 93.19 billion by the year 2027, according to a recent report by Grand View Research, advancing at a very high CAGR of 27.9% during this period.

• Wearable devices include electronic gadgets that can be worn by the consumers on different body parts such as wrists and legs, in order to collect data regarding the person’s health and exercise habits, while also helping them in making informed decisions based on the results. The rapid proliferation of technology across majority of the global economies, coupled with the influx of the IoT industry, is one of the major reasons for the widespread usage of wearable medical devices worldwide.

• The use of wearables has been very pronounced in the healthcare sector, as consumers have become very aware with regards to their health. Devices such as heart rate, blood pressure and activity monitors, sleep monitors, along with therapeutic devices such as insulin pumps and neurostimulation devices have witnessed high demand from the health-aware demographic, and even more so in recent years.

• A study by Business Insider Intelligence found that more than 80% of the consumers are willing to wear fitness technology, with 75% further stating that wearables help them engage with their own health. Additionally, a report by Accenture found that the consumer use of wearables in the United States grew from just 9% in 2014 to 33% in 2018, pointing to the rapidly rising popularity of this technology. This has encouraged many big as well as small companies to invest in R&D in this space.

• The growth in the number of cases relating to chronic diseases such as diabetes, obesity and hypertension, among many others, has been continuous over the past few years, on account of the sedentary working lifestyle being followed by majority of the population. This has led to recommendations from physicians and doctors about the proper monitoring of health conditions to people, so that they can combat or avoid these disorders, thus leading to the rapid growth in demand for health monitoring devices. Use of insulin pumps by diabetics, and blood pressure monitor by people suffering from high blood pressure and other illnesses has become commonplace.

• The rapid emergence of home healthcare and remote patient monitoring systems has also increased the attractiveness of wearable medical devices. The devices can be worn continuously without affecting one’s daily routine, and the healthcare providers are kept constantly in the loop about the person’s current condition or situation. The current coronavirus pandemic has forced people with various illnesses to stay at home, which has created an ideal scenario for the use of wearable devices to relay health information to their doctors or physicians.

• In terms of product, the market is segmented into therapeutic and diagnostic devices. The therapeutic segment is expected to show fastest growth over the forecast period, due to the strong demand for asthma and pain relief-related products, along with developments in insulin management devices. In terms of diagnostic devices, the neuromonitoring segment had the largest market share in 2019, on account of the growing prevalence of neurological disorders such as Parkinson’s and Alzheimer’s disease, especially among the elderly population, around the globe.

• In terms of application, the home healthcare segment led the market in 2019, on account of the growing population of the elderly people demanding efficient healthcare systems, along with the need to reduce healthcare expenditure through efficient patient discharging at hospitals. The number of home health agencies stood at 12,200 in 2016, according to the CDC, and has grown steadily since. The remote patient monitoring segment is expected to show substantial market growth in the coming years.

• North America was the dominant regional segment in 2019, on account of the presence of a huge target population base, suffering from chronic disorders such as CVDs, diabetes, obesity as well as sleep-related issues. According to a 2016 report by Fortune Magazine, sleep deprivation costs USD 411 billion each year to the United States, which brings into focus the importance of sleep monitoring devices, as an aide to improve sleeping patterns.

Read More Details@ https://www.grandviewresearch.com/industry-analysis/wearable-medical-devices-market

Recent Trends and Developments

• The current outbreak of COVID-19 has encouraged researchers to determine how wearable and smart health devices can be used for detecting the disease in a person. Researchers at Duke University have started a study known as ‘CovIdentify’, which explores how data collected by Fitbits, Apple Watches and smartphones can be made useful for detecting symptoms of COVID-19 in the user.

• Emergency medical workers at the University of California, San Francisco Medical Center and the Zuckerberg San Francisco General Hospital have been provided with a ‘smart ring’ from the wearable tech company Oura, which can measure crucial metrics such as skin temperature and heart rate, potentially alerting users about COVID-19 even before the symptoms appear. More than 30,000 Oura ring owners have signed up for studies regarding this development.

• In January 2020, Polar Electro introduced the POLAR H9, adding to the company’s portfolio of heart rate sensors. The product takes the basics from the POLAR H10, and offers features such as multiple connectivity options, connectivity with the free POLAR BEAT application, compatibility with different GPS watches as well as smartphone apps including Nike Run Club, MapMyFitness, Runkeeper and Zwift, among others, as well as extended battery life. The device is available in sizes XS-S and M-XXL.

• In January 2020, Withings unveiled the ScanWatch, the first global hybrid smartwatch that combines medical grade electrocardiogram for detecting arrhythmia, and sleep apnea detection. The device offers a 30-day battery life, and will be available in Europe and the United States in the Q2 of 2020, pending CE and FDA clearance.

Physical Security Market is Expected to Enhance $171.0 Billion Revenue By 2027

The global physical security market size is expected to reach USD 171.0 billion by 2027 and is anticipated to register a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Lack of physical security leads to higher rates of burglaries and thefts. Therefore, safeguarding the physical perimeter and individual assets, including expensive technological equipment, has gained importance and is driving the market growth. Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, increasing terror threats, border disputes, and refugee crises drive the adoption of stringent safety measures, thereby driving the physical security market growth.

Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries. Organizations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access, further driving the demand for physical security solutions.

China accounted for the largest share of the Asia Pacific market in 2019. The market in China has been strongly supported by the growth in new construction projects and smart city initiatives. Furthermore, the presence of technology giants such as Hangzhou Hikvision Digital Technology Co., Ltd and Dahua Technology Co., Ltd is another factor contributing to the market growth. Companies in the market are focusing on strategic partnerships and acquisitions to enhance their product and service offerings. In August 2019, Dahua Technology Co., Ltd entered into a strategic alliance with Pepper to offer enhanced security to its video as well as non-video IoT services to protect against unauthorized access of data. The partnership would allow the incorporation of Pepper’s intelligent solutions into Dahua Technology Co., Ltd’s hardware.

Access Research Report of Physical Security Market@
https://www.grandviewresearch.com/industry-analysis/physical-security-market

Further key findings from the study suggest:

• Video surveillance dominated the physical security market with a value of USD 33.1 billion in 2019 as these systems enable real-time continuous monitoring and help lower chances of theft
• System integration is anticipated to dominate the market through the forecast period owing to factors such as stringent regulations and demand for cost-effective systems
• The residential segment is anticipated to register the highest CAGR of more than 7.0% over the forecast period owing to measures taken by consumers to protect their assets from potential threats
• Key companies in the market include Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Johnson Controls; Robert Bosch GmbH; and ADT. These players focus on adopting strategies such as mergers and acquisitions to enhance their market presence

Grand View Research has segmented the global physical security market on the basis of component, systems, services, end use, and region:

Physical Security Component Outlook (Revenue, USD Billion, 2016 - 2027)

• Systems
• Services

Physical Security Systems Outlook (Revenue, USD Billion, 2016 - 2027)

• Video Surveillance
• Intrusion Detection
• Access Control
• Exterior Security Systems

Physical Security Services Outlook (Revenue, USD Billion, 2016 - 2027)

• System Integration
• Remote Monitoring
• Others

Physical Security End-use Outlook (Revenue, USD Billion, 2016 - 2027)

• Transportation
• Government
• Banking & Finance
• Utility & Energy
• Residential
• Manufacturing & Industrial
• Retail
• Commercial
• Hospitality
• Others

Physical Security Regional Outlook (Revenue, USD Billion, 2016 - 2027)

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

Sand Blasting Machines Market Estimated to Surpass $441.1 Million By 2020

The global sand blasting machines market is expected to reach USD 441.1 million by 2020, according to a new study by Grand View Research, Inc. Breakthroughs in robotic sand blasting technology as a result of investments by key industry participants is expected to drive the market over the forecast period. Increased demand from end-use industries such as construction, automotive, and aerospace is expected to favorably impact market growth.

Shot blasting machines have replaced sand blasting machines in several applications to alleviate the risk of lung diseases caused due to inhalation of silica, which may pose a challenge to market growth. Governments of many countries such as the U.S., UK and Turkey have restricted the use of blast cleaning abrasives containing more than 0.1% free silica, which may hamper demand over the next six years.

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www.grandviewresearch.com/industry-analysis/sand-blasting-machines-market

Further key findings from the study suggest:

• Global sand blasting machines market shipments were estimated at 86,018 units in 2013, which is expected to reach 121,845 units by 2020, growing at a CAGR of 5.1% from 2014 to 2020.
• Industrial sand blasting machines accounted for over 80% of the market revenue in 2013. The mini sand blasting machines market is expected to gain prominence over the next six years as sandblasting has substituted numerous domestic tasks such as paint and rust removal.
• Sand blasting machines market demand is expected to be the highest in Asia Pacific owing to extensive use in construction, automotive, and infrastructure sectors coupled with significant contribution by the Chinese market to global volume and revenue generation. Demand for mini sand blasting machines is higher in North America, where they are used for automotive as well as home improvement applications.
• The market is extremely fragmented in nature; Clemco Industries Corp. emerged as the leading market player in 2013. The company sells blasting machines under four distinct brands, each catering to a specific application area, and also develops equipment targeted at operator safety. Other market players include Trinity Tool Company, Tools USA, C.M. Surface, and ACE.

Grand View Research has segmented the global sand blasting machines market on the basis of product and region:

Sand Blasting Machines Product Outlook (Volume, Unit Shipments & Revenue, USD Million; 2012 - 2020)

• Mini sand blasting machines
• Industrial sand blasting machines

Sand Blasting Machines Regional Outlook (Volume, Unit Shipments & Revenue, USD Million; 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

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.

Automotive Air Filters Market to Account for $5.4 Billion by 2025

The global automotive air filters market size is expected to reach USD 5.4 billion by 2025, expanding at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Stringent government regulations related to automotive emissions, coupled with rising fuel-efficient vehicles, are likely to propel market growth.

Increasing global environmental pollution, coupled with stringent environmental regulations implemented by governments and NGOs, is expected to drive the overall market over the forecast period. In addition, initiatives undertaken by associations such as Car Care Council and Environmental Protection Agency are likely to spread awareness about the product among automotive manufacturers across the globe, thereby driving the market growth.

Rising automotive production in developing economies such as India, China, and Indonesia is projected to boost the demand for this product in the automotive industry. In addition, increasing air pollution in the aforementioned countries has resulted in implementation of strict emission regulations, which is further estimated to drive the market.

Major cities across the globe had more particulate concentration than the required values in 2014. This forced governments to advocate the use of efficient emission systems. Therefore, the market is expected to benefit from these government initiatives as air filters are a major contributor toward increasing engine efficiency.

Key market players including Mann+Hummel Holding GMBH; K&N Engineering, Inc.; Cummins Inc.; Mahle GmbH; and Robert Bosch GmbH are engaged in the manufacturing and distribution of a variety of products. In addition, these players are involved in establishing a strong distribution network across the globe by implementing strategies such as mergers, acquisitions, and joint ventures.

Access Research Report of Automotive Air Filters Market @https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market

Further key findings from the report suggest:

• Cabin filters accounted for a market share of 49.5% in 2018, owing to their usage for maintaining a steady stream of fresh air in the vehicle cabin, coupled with their high frequency of replacement in automobiles
• The passenger car application segment dominated the automotive air filters market in 2018 and is estimated to reach USD 2.9 billion by 2025, due to rising demand for the product with growing automotive production across the globe
• The aftermarket end-use segment is projected to register notable gains and reach a revenue of USD 4.1 billion by 2025 driven by the replacement of cabin and intake filters on a regular basis as recommended by manufacturers
• The Asia Pacific region accounted for a market share of 50.9% in 2018 and is projected to reach USD 2.8 billion by 2025 owing to high automotive production in developing economies such as China, India, and Thailand
• Key participants are engaged in R&D activities to design and develop a wide-ranged product portfolio. In addition, the players are focusing on establishing and expanding their distribution networks across the globe.

Grand View Research has segmented the global automotive air filters market on the basis of product, application, end use, and region:

Automotive Air Filters Product Outlook (Revenue, USD Million, 2014 - 2025)

• Intake Filters
• Cabin Filters

Automotive Air Filters Application Outlook (Revenue, USD Million, 2014 - 2025)

• Passenger Cars
• Commercial Vehicles
• Two Wheelers

Automotive Air Filters End-use Outlook (Revenue, USD Million, 2014 - 2025)

• OEMs
• Aftermarket

Automotive Air Filters Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Commercial Refrigeration Equipment Market is Expected to Amplify USD 48.61 Billion Value by 2025

The global commercial refrigeration equipment market size is projected to reach USD 48.61billion by 2025, growing at a CAGR of 5.4% over the forecast period, according to a new report by Grand View Research, Inc. Advancements in refrigeration technologies along with the changing food habits are expected to impel the market growth over the forecast period. The refrigerators & freezers is anticipated to emerge as the fastest-growing product segment with a CAGR of 6.4% from 2019 to 2025.

Innovation in magnetic refrigeration systems and other emerging technologies are also expected to have a positive impact on the market growth. Super markets are one of the most prominent retail channels for such equipment. The segment was valued at USD 2.20 billion in 2018 and is projected to maintain the dominance in future due to increasing number of supermarkets and hypermarkets in developing countries, such as China and India .Growing disposable income levels and improving standards of living in the emerging countries are also boosting the growth of super and hypermarkets.

The convenience store segment is said to register the highest CAGR of 6.1% over the forecast period. North America is a prominent region in the global market as it is the biggest manufacturer and exporter of the product. The region accounted for a market share of more than 32% in 2018. However, Asia Pacific is expected to emerge as the fastest-growing market from 2019 to 2025, owing to rise in the product manufacturing in this region.

Access Research Report of Commercial Refrigeration Equipment Market @ https://www.grandviewresearch.com/industry-analysis/commercial-refrigeration-equipment-market

Further key findings from the study suggest:

• The refrigerators &freezers segment is expected to reach USD 12.31 billion by 2025 at a CAGR of 6.4% from 2019 to 2025
• Technological advancements in refrigerators are anticipated to boost their demand in the food service and production segment
• F&B distribution is expected to be the fastest-growing application segment at a CAGR of 6.3% over the forecast years
• Key companies in the commercial refrigeration equipment market are Dover Corp.; Daikin Industries Ltd.; Carrier Commercial Refrigeration, Inc.; Johnson Control, Inc.; and Haier Group Corp.

Grand View Research has segmented the global commercial refrigeration equipment market on the basis of product, retail channel, application, and region:

Commercial Refrigeration Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)

• Transportation Refrigeration Equipment
• Refrigerators & Freezers
• Beverage Refrigeration
• Display Showcases
  • Self-contained
  • Remotely Operated
• Ice Merchandisers & Ice Vending Equipment
• Others

Commercial Refrigeration Equipment Retail Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Hypermarket
• Supermarket
• Convenience Store
• Specialty Store
• Others

Commercial Refrigeration Equipment Application Outlook (Revenue, USD Million, 2015 - 2025)

• Food Service
• Food & Beverage Retail
• Food & Beverage Distribution
• Food & Beverage Production
• Others

Commercial Refrigeration Equipment Regional Outlook (Revenue, USD Million, 2015 - 2025)

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

Business Process Management Market to Record an Exponential CAGR by 2024

The global business process management (BPM) market is expected to reach USD 23.04 billion by 2024, according to a new study by Grand View Research, Inc. The growth is attributed to the increasing number of benefits offered by the BPM solution, including better productivity, ease of use, flexibility, and reduction in the time to wait for customers. The growing need for the integration of key functional areas in an organization is also expected to propel demand over the next eight years. The business process management software exhibits high avenues in various application areas, especially in the IT & telecom and healthcare sectors. This may be due to its capabilities of monitoring individual processes of the entire lifecycle.

Organizations restructuring their business processes are most likely to adopt the BPM software. Several regulations, including ObamaCare and (Single Euro Payments Area) SEPA, are analyzed to significantly catapult the demand over the forecast period. Obamacare focuses on providing affordable health insurance to the U.S. citizens with the introduction of new taxes and tax breaks. The European Union introduced SEPA to simplify the inter-country bank transfers. Security concerns related to the cloud-based BPM solutions are anticipated to hinder the market growth. Additionally, the lack of knowledge in order to successfully implement business process management solutions in an organization is a key challenge for this industry.

Want to Access Research Report of Business Process Management Market Click the Link Below:

http://www.grandviewresearch.com/industry-analysis/business-process-management-bpm-market

Further key findings from the study suggest:

• The process modeling and automation solution segment dominated the BPM market in terms of revenue in 2015. This is attributed to the growing need for process improvement in the manufacturing as well as service industry.
• The uses of the BPM solutions in the hospital management system, including bed management and patient monitoring, are anticipated to be the key factor fostering growth in the healthcare sector.
• The cloud-based BPM solutions are expected to observe a high adoption among SMEs due to their features such as scalability offered at a very low cost. Cloud-based BPaaS providers are expected to target the healthcare sector due to the growing IT spending by hospitals and pharmaceuticals.
• Large enterprises dominated the industry accounting for more than 60% of total market revenue share in 2015. The large share is primarily driven by the focus of the enterprise to build central functionality in order to enhance the operational efficiency.
• North America dominated the industry with more than 30% share in 2015. This is attributed to its early adoption, primarily in the government and BFSI sectors. Asia Pacific is anticipated to witness a considerable growth owing to the large scale industrialization and emergence of several startups in India, China, and the ASEAN region.
• The prominent industry participants include IBM Corp., Microsoft Corp., Oracle Corp., SAP SE, Appian Corp., and PegaSystems Inc. A strong focus on the research & development initiatives is helping solution providers to create its presence in the competitive environment. Merger & acquisition is also anticipated to be a key strategy used to diversify the developer’s competency to provide different solutions under a single roof.

Grand View Research has segmented the global Business Process Management (BPM) market on the basis of solution, application, deployment, end-user, and region:

BPM Solution Outlook (USD Million; 2014 - 2024)

• Automation
• Process Modeling
• Content & Document Management
• Monitoring & Optimization
• Integration
• Others

BPM Application Outlook (USD Million; 2014 - 2024)

• BFSI
• IT & Telecom
• Retail
• Manufacturing
• Healthcare
• Government & Defense
• Others

BPM Deployment Outlook (USD Million; 2014 - 2024)

• Cloud-based
• On-Premise

BPM End-user Outlook (USD Million; 2014 - 2024)

• SMEs
• Large Enterprise

BPM Regional Outlook (USD Million; 2014 - 2024)

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

Nuclear Medicine Market Size Worth $12.6 Billion By 2027

The global nuclear medicine market size is expected to reach USD 12.6 billion by 2027, expanding at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Research and development of advanced technologies by the key players for diagnosis and treatment of diseases is expected to drive the radiopharmaceuticals market.

For instance, in May 2019, GE Healthcare with Indi Molecular, Inc., collaborated to develop Protein Catalyzed Capture (PCC) technology and immune cell-targeted PET tracer candidates. This diagnostic tool will help in better understanding of patient’s immune cell and in early treatment response.

Rising prevalence of cancer and cardiovascular diseases is one of the major factors responsible for market growth. Moreover, high prevalence of cancer in emerging Asian countries is creating huge demand for radiopharmaceuticals in diagnosing the disease. For instance, according to the GLOBOCAN, in 2018, approximately 48.4% of cancer cases were registered in Asia.

In addition, presence of standard guidelines prepared by regulatory authorities for radiopharmaceuticals is expected to accelerate market growth. For instance, in August 2019, FDA published a guideline for non-clinical studies and product labelling that are not covered by FDA and ICH guidelines for radiopharmaceuticals used in the treatment of cancer.

Manufacturers are focusing on development of innovative technologies to produce medical isotopes that can fulfill the increasing demand for nuclear medicines. For instance, in October 2018, with the support of ASML, The Institute For Radioelements (IRE) developed and built an electron beamline to manufacture medical isotope molybdenum 99 (Mo-99). Due to this innovative technology, the process of production is waste-free and non-fission.

In addition, research centers and hospitals are launching novel nuclear medicine techniques to treat various diseases at an affordable cost as compared to the existing treatments. For instance, in August 2017, the Kovai Medical Centre and Hospital (KMCH) had launched Rhenium 188 Lipiodol to treat liver cancer and other diseases such as metastatic bone pain, rheumatoid arthritis, and hemophilic bleeding joints at low cost with lesser hospitalization.

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

Further key findings from the study suggest:

• In 2019, the SPECT segment had dominated the market owing to integration of SPECT with X-ray/CT that has gained more acceptance and proved to be useful in many clinical situations due to its high accuracy
• PET diagnostic nuclear medicine is expected to witness the fastest growth over the forecast period owing to the increasing adoption of high resolution PET scanners
• In case of the therapeutic segment, brachytherapy is anticipated to be the fastest growing segment due to the higher radiation protection as compared to other treatment options
• The oncology application segment dominated the nuclear medicine market in 2019 owing to the presence of pipeline drugs and high prevalence of cancer
• The market in Asia Pacific is projected to witness the fastest growth during the forecast period owing to the high unmet needs and development of radiopharmaceuticals for diagnosis and treatment of various diseases
• Key players in the market include companies such as Eckert and Ziegler Group Nordion, Inc.; Bracco Imaging S.p.A.; and GE Healthcare as well as government organizations such as Department of Atomic Energy and Australian Nuclear Science and Technology Organization (ANSTO).

Grand View Research has segmented the global nuclear medicine market on the basis of product, application, and region:

Nuclear Medicine/Radiopharmaceuticals Product Outlook (Revenue, USD Million, 2016 - 2027)

• Diagnostic products
  • SPECT
    • TC-99m
    • TL-201
    • GA-67
    • I-123
    • Other SPECT products
  • PET
    • F-18
    • SR-82/RB-82
    • Other PET products
  • Therapeutic Products
    • Alpha Emitters
      • RA-223
      • Other alpha emitters
    • Beta Emitters
      • I-131
      • Y-90
      • SM-153
      • Re-186
      • Lu-117
      • Other beta emitters
    • Brachytherapy
      • Cesium-131
      • Iodine-125
      • Palladium-103
      • Iridium-192
      • Other brachytherapy products

Nuclear Medicine/Radiopharmaceuticals Application Outlook (Revenue, USD Million, 2016 - 2027)

• Cardiology
• Neurology
• Oncology
• Thyroid
• Lymphoma
• Bone Metastasis
• Endocrine Tumor
• Others

Nuclear Medicine/Radiopharmaceuticals Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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.