Medical Electronics Market Size, Share, Trends, Analysis And Growth Forecast To 2024

The global medical electronics market size is expected to reach USD 219.0 billion by 2024, according to a new report by Grand View Research. Technological advancements have boosted the applications of electronics in the fields of diagnostics, therapeutics, and wellness. Increasing geriatric population coupled with sedentary lifestyle contributes to chronic cardiovascular, gastrointestinal, and respiratory disorders.

Diagnostic applications of medical electronics are fueled due to growing awareness about healthcare amongst people. Population in developed countries opts for early diagnosis for effective treatment and cure. Increasing adoption of newer technology in diagnostics is expected to upsurge the market in future. 

Aging population creates need for critical care of long duration, thus increasing the demand for life-supporting devices, such as ventilators and dialysis devices. Growing number of accidents and permanent injuries also contribute to this upsurge. Improving healthcare facilities eases the procedures of reimbursements and related medical procedures even in developing countries.

Industry players are focused on the commercialization of new technologies and integrated systems. In August 2016, Siemens launched a new product, Sysmex CS-2500. It is a coagulation analyzer and has applications in diagnostics. 

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Further Key Findings from the Study Suggest:

• Rising prevalence of chronic diseases, such as neurodegenerative and cardiac diseases, creates a need for continuous patient monitoring. Constant development of technologies such as real-time audio/video feed, wireless communications, and remote patient monitoring proves to be a boon for chronic patients, especially those who prefer to receive treatment at home. All these factors are expected to act as a catalyst for the market growth over the forecast period.
• The largest application of medical electronics is in the field of diagnostics, especially imaging. Increasing importance of early disease diagnosis is promoting the growth of this segment. Magnetic resonance imaging is the most common method used, owing to the growing neurological and musculoskeletal disorders and the development of superconducting magnets.
• Ultrasound is projected to be the fastest-growing segment of medical imaging, owing to its applications in point-of-care and musculoskeletal diseases. Growing birth rate also contributes to the usage of ultrasound. Rising awareness coupled with government recommendations about periodic screening for cancer also contributes to this growth.
• Considering home healthcare medical electronics, device such as glucometer is used by diabetic patients owing to the ease of use of the device, and cost-effectiveness.
• The emphasis on preventive measure and early diagnosis rather than on treatment is driving the industry players to invest in remote, wireless, and minimally invasive equipment. This is predicted to set the trend of telehealth, self-monitoring, and home healthcare. In February 2016, Medtronic launched its first remote monitoring pacemaker in Canada. The data collected and interpreted is transmitted securely to the physician to make efficient treatment decisions.
• North America dominated the medical electronics market owing to the presence of well-structured healthcare and reimbursement systems. High prevalence of chronic lifestyle diseases, growing awareness about the importance of early diagnosis, and acceptance of new technology contributed to the market growth in this region.
• Asia pacific is expected to emerge as the fastest growing region during the forecast period. The huge patient pool in Asia Pacific proves to be an attractive opportunity for companies to market their products in this region. Improving healthcare systems, high incidence rate of diseases and accidents, and stabilizing economies aid the market growth.
• Some key participants include EDDA technology, Inc., Philips healthcare, FUJIFILM Medical Systems, Hitachi High Technologies Corporation, Toshiba Medical Systems Corporation, McKesson Corporation, Vucomp, Hologic Inc., Siemens Healthcare and iCAD, Inc.
• The current trend of investing in development of new technologies is expected to benefit patients as well as practitioners. For instance, in March 2016, Maxim Integrated launched its new heart rate monitor integrated with pulse oximeter. This device helps in continuous monitoring and efficient treatment of cardiovascular patients.

Grand View Research has segmented the global medical electronics market by application:

Medical Electronics Application Outlook (Market revenue in USD Million, 2013 - 2024)

• Imaging
  • MRI Equipment
  • Computed Tomography (CT)
  • Nuclear imaging equipment
  • X-ray Devices
  • Ultrasound Systems
• Therapeutics
  • Cardiac Rhythm Management (CRM)
  • Dialysis
  • Continuous Positive Airway Pressure (CPAP)
  • Neuromodulation
  • Others
• Patient monitoring
• Home Healthcare/Handheld products

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

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

Enterprise Wearable Market Technological Advancement and Regional Outlook During 2018-2025

The global enterprise wearable market is expected to reach USD 22.3 billion by 2025, according to a new study conducted by Grand View Research, Inc. The high demand for enterprise wearable devices in the Asia Pacific region is anticipated to drive the industry growth over the next decade. The aging population and rising chronic diseases, such as coronary heart diseases and diabetes, in countries such as China, India, and Japan would drive the demand for wearable technology in the region.

Industry players are investing a significantly in research & development activities for product innovation, thus catering to the specific needs of the enterprise industry. They are using strategies such as acquisition, partnerships, and collaborations to maintain market competencies.

The rising enterprise applications of Virtual Reality (VR) and Augmented Reality (AR) in the following years is expected to fuel the demand for wearable devices, such as smart eye wear and head mounted devices.  This growth in demand may be attributed to advancements in the VR and AR technologies, which would help increase their connectivity and enterprises’ interaction with employees and consumers.

The increasing awareness regarding health and wellness, rising aging population, and chronic diseases such as heart attack and diabetes, globally, are favorable factors expected to support the demand for wearable devices over the forecast period.

The rising demand for IoT technology, owing to its wide application in various sectors such as healthcare, manufacturing, retail, and others, is foreseen to drive the growth of the enterprise wearable market. The IoT technology, along with wearable devices, would help organizations in the development and deployment of the future generation value-added services by utilizing user-centric data.

Access Research Report of Enterprise Wearable Market@ http://www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market

Further key findings from the study suggest:

• The IoT technology segment is expected to surpass the Bluetooth segment and dominate the market after 2022 as well. This growth may be attributed to the expected rise of widespread real-time applications of IoT technology in different industries globally over the next decade.
• The demand for head wear devices is expected to gain momentum over the forecast period owing to their prospective applications in highly developing technologies such as VR and AR
• The Asia Pacific region is predicted to emerge as the fastest growing market owing to a significant rise in the number of adopters of medical wearable devices for monitoring bodily conditions, such as glucose level, heart condition, temperature, sleep, and others, in countries such as China and India
• Prominent vendors operating in the market include Fitbit Inc., Apple Inc., Alphabet Inc., Xiaomi Inc., Samsung Electronics Co. Ltd., Eurotech SpA, Adidas AG, and Seiko Epson Corporation
• The increased focus on research and development activities for new product developments and upgrades of existing products to meet industry demands are the key trends adopted by industry player

Grand View Research has segmented the global enterprise wearable market on the basis of technology, product, application, and region:

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

• IoT
• Bluetooth
• Bluetooth Low Energy (BLE)

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

• Wrist-wear
• Foot wear
• Eye wear
• Arm wear
• Head wear

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

• Infotainment
• Healthcare
• IT & telecom
• Others

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

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
• 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.

UV Tapes Market is Expected To Reach USD 677.2 Million by 2025| Key participants Pantech Tape Co. Ltd., Ultron Systems, Inc.

Global UV tapes market is expected to reach USD 677.2 million by 2025, according to a new report by Grand View Research, Inc. Growing electronics and semiconductor industries are expected to play key roles in the market growth over the forecast period. Polyolefin was one of the primary raw material used in manufacturing of UV tapes. These tapes were most widely used in 2015 on account of high performance characteristics under extreme heat and pressure conditions.

Growing demand for miniaturized semiconductor and electronic components have driven the market for ICs and micro-chips, further boosting the UV tapes industry. These tapes are used for applications such as back grinding and wafer dicing, in the semiconductor industry.

Access Research Report of UV Tapes Market@ www.grandviewresearch.com/industry-analysis/uv-tapes-market

Further key findings from the report suggest:

• Wafer dicing was the most dominant application in 2015 owing to rapid electronics industry growth, as it involves sawing or cutting of wafer into a precise size and shape for use in electronic devices
• The back grinding application accounted for over 40% of the industry by value in 2015 due to growing demand for compact-sized and powerful electronic devices such as smartphones and tablets
• The polyolefin (PO) UV tapes market was valued at over USD 150 million in 2015 on account of their superior performance as compared to other alternatives such as PVC and PO UV tapes
• PVC UV tapes held a share of over 20% by value in 2015, as they are considered eco-friendly and can be easily recycled, thus increasing their popularity over the past few years
• Asia Pacific is projected to witness the highest CAGR of over 10% from 2016 to 2025 courtesy growing demand from its booming electronics and semiconductor industries
• Electronic powerhouses such as China, Taiwan, South Korea and Japan accounted for the majority of the market in the Asia Pacific region in 2015 due to the presence of major electronics players such as Toshiba, Pioneer, Samsung, Hitachi and Sharp
• Central & South America is projected to witness the second-highest CAGR of over 9% from 2016 to 2025 on account of growing demand from emerging countries in this region such as Brazil, Colombia, and Argentina
• The industry is consolidated with a limited number of manufacturers and distributors across the world with Furukawa Electric Co. Ltd., Mitsui Chemicals, Lintec Corporation, and Nitto Denko Corporation being the key players in 2015
• These players resorted to both, organic as well as inorganic growth strategies, in order to enter new regions and increase their respective market shares

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

Product Outlook (Volume, Million Square Meters: Revenue, USD Million, 2014 - 2025)

• Polyolefin (PO) UV Tapes
• Polyvinyl Chloride (PVC) UV Tapes
• Polyethylene Terephthalate (PET) UV Tapes
• Other UV Tapes

Application Outlook (Volume, Million Square Meters: Revenue, USD Million, 2014 - 2025)

• Wafer Dicing
• Back Grinding
• Others

Regional Outlook (Volume, Million Square Meters: Revenue, USD Million, 2014 - 2025)

• North America
  • US.
• Europe
  • Germany
  • France
• Asia Pacific
  • China
  • South Korea
• Latin America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Agricultural Robots Market is Anticipated to Register 24.7% CAGR through 2025| Key Industry Participants CNH Industrial (UK)

The Report Agricultural Robots Market Analysis By Product (UAV, Driverless Tractor, Milking Robots, Materials Management), By Application (Field Farming, Dairy, Animal, Soil & Crop Management), & Segment Forecasts, 2018 – 2025

The global agricultural robot market is anticipated to reach USD 8.82 billion by 2025, according to a new report by Grand View Research, Inc. The agriculture industry is changing dramatically, across the globe. The growing technological advancements and innovations in robotics have increased the sales of the agricultural robots.

Indoor farming refers to crop cultivation using high-pressure sodium lamps or LEDs and growth in aeroponic and hydroponic systems. Additionally, indoor farming provides protection and optimal growing conditions. The use of this technology by small commercial growers for producing crops is expected to increase their capacity and economic viability.

The future of the indoor farming industry is technology and data driven. The climate control technology is enabling high yields. A farm management system helps growers in reducing the time spent on analyzing and collecting crop yield data. The growing adoption of indoor farming is likely to spur the agriculture robot market.

Farm employment includes exposure to pesticides, long working hours, poor sanitary conditions, and other health risks. Most of the agricultural work is physical in nature, which increases the risks of accidents by fatigue, difficult terrain, poorly designed tools, and extreme weather conditions. In addition to physically demanding labor, heat & sun exposure and dangerous machinery increase the risks of farming.

Based on working methods, the working conditions in commercial plantations vary from traditional intensive methods to highly mechanized extensive methods. However, only some of the agricultural workers are covered by employment injury benefits, national legislation, and insurance schemes.

Farming causes several respiratory hazards in farmworkers. Organic dust toxic syndrome (ODTS), caused by grain and silage dust, is a common respiratory illness prevailing among the farmers. Agricultural noise and chemical hazards are the other common health hazards of farming. Prolonged exposure to excessive noise produced by choppers, tractors, chainsaws, and grain dryers can cause permanent hearing loss.

However, lack of awareness and high initial capital investments are anticipated to restrain the market growth over the forecast period. The robots used for agricultural purposes require additional application-specific advanced processing equipment, resulting in increased capital investment.

Access Research Report of Agricultural Robots Market @ www.grandviewresearch.com/industry-analysis/agricultural-robots-market

Further key findings from the report suggest:

• Increasing privatization of agricultural resources and services are expected to drive the market demand
• Milking robots product segment is anticipated to dominate the market in terms of revenue over the projected period
• The growing penetration of vertical farming is likely to spur the materials management product segment
• The ability of drones to hover low over fields along with sensing devices has benefitted the farmers by reducing their dependability on climate
• The Asia Pacific region is witnessing highest penetration growth in the agricultural robot market and possesses greater growth opportunities for companies planning to invest in long haul
• The Chinese agricultural processes have been modernized by the introduction of the crop-dusting drones
• The key players of the agricultural robot market include CNH Industrial (UK), CLAAS (Germany), GEA Group (Germany), and Harvest Automation, Inc. (U.S.)

Grand View Research has segmented the agricultural robot market based on product, application, and region:

Agricultural Robot Product Outlook (Revenue, USD Million, 2014 - 2025)

• UAV
• Driverless tractor
• Milking robots
• Materials management

Agricultural Robot Application Outlook (Revenue, USD Million, 2014 -2025)

• Field farming
• Dairy management
• Animal management
• Soil management
• Crop management

Agricultural Robot Regional Outlook (Revenue, USD Million, 2014 -2025)

• North America
• Europe
• Asia Pacific
• South America
• The 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.

Surge Protection Devices Market Expected To Reach $3.39 Billion by 2025

The global surge protection devices market is expected to reach USD 3.39 billion by 2025, according to a new study by Grand View Research, Inc. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The need for protection against lightning and voltage fluctuations has triggered the implementation of SPDs. These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused lightning strikes. Thus, implementation of SPDs is of prime importance for any business or residential and commercial buildings.

The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to a significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.   

The rise in disposable income has enabled the adoption of expensive consumer electronic. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.

Access Research Report of Surge Protection Devices Market @ http://www.grandviewresearch.com/industry-analysis/surge-protection-devices-market

Further key findings from the study suggest:

• The type 2 SPD segment was valued at USD 610.1 million in 2016
• The growing number of hospitals in developing economies, such as India and China, along with widespread healthcare network in developed countries, is anticipated to foster market growth
• Increased electrification of rail networks, coupled with the growing popularity of electric vehicles and their required infrastructure, is predicted to boost the growth prospects of SPDs in the near future
• The North American region is expected to significantly contribute to the industry growth and represented the largest market size with USD 778.3 million in 2016, owing to the widespread awareness of the benefits of SPDs
• The key industry participants include ABB Ltd, Advanced Protection Technologies, Inc., G Power and Industrial Solutions Limited, Eaton Corporation PLC, Emerson Electrical Co., General Electric, Legrand S.A., Schneider Electric, Siemens AG, and Tripp Lite

Grand View Research has segmented the surge protection devices market based on product types, power ratings, applications, and regions:

Surge Protection Devices Product Type Outlook (Revenue, USD Million; 2014 - 2025)

• Type 1
• Type 2
• Type 3
• Type 4

Surge Protection Devices Power Rating Outlook (Revenue, USD Million; 2014 - 2025)

• 0-50 kA
• 1-100 kA
• 1-200 kA
• 1 kA and Above

Surge Protection Devices Application Outlook (Revenue, USD Million; 2014 - 2025)

• Commercial
• Data center
• Industrial
• Medical
• Residential
• Telecom
• Transportation
• Other End-Uses

Surge Protection Devices Regional Outlook (Revenue, USD Million; 2014 - 2025)

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

Cochlear Implant Market to Incur Meteoric Growth During the Forecast Period

The global cochlear implant market size is expected to reach USD 3.4 billion by 2026, based on a new report by Grand View Research, Inc. is estimated to grow at a CAGR of around 10.5% over the forecast period. The cochlear implants market is anticipated to witness significant growth during the forecast period, which can be attributed to a favorable reimbursement scenario, rising awareness about hearing aids, and increasing adoption of implants.

Furthermore, technological advancements in cochlear implants to make the device more efficient and user-friendly can boost the demand, which is expected to propel the industry during the forecast period. For instance, in September 2016, Cochlear Ltd. launched the world’s thinnest full-length perimodiolar electrode for their cochlear implant. The thin structure of the implant electrode helps to protect the delicate structures of the inner ear.

By type of fitting, the market is segmented into unilateral and bilateral implantation. In 2018, unilateral implantation segment dominated the industry due to its availability at a low cost as compared to bilateral implantation and significant ability to localize the sound. However, bilateral implantation is anticipated to witness fastest growth during the forecast period. This can be attributed to its cost-efficiency when implanted in children, good reimbursement, and ability to improve the performance after implantation. 

Access Research Report of Cochlear Implant Market @
https://www.grandviewresearch.com/industry-analysis/cochlear-implants-industry

Further Key Findings from the Study Suggest:

• Unilateral implantation dominated the industry in 2018.This can be attributed to its low cost as compared to bilateral implantation and high demand from adults due to its cost-effectiveness.
• Bilateral implantation is the most lucrative segment of the industry. Increasing demand, ability to recognize the speech in noise, and good reimbursement are the key factors expected to drive the market during the forecast period.
• By end use, the adults segment dominated the market in 2018 and is expected to maintain its dominance during the forecast period, due to the presence of a large patient base and growing geriatric population.
• Pediatrics segment is expected to grow at the fastest rate during the forecast period. Increasing implantation at an early age, implementation of several programs & government support to provide cochlear implant to children as early as possible, and good reimbursement are the key factors expected to propel the cochlear implants market.
• Geographically, Europe dominated the industry in 2018 and is expected to maintain its position during the forecast period. This is primarily due to the conducive health infrastructure of the European Union, which allows implantation at an early age.
• Asia Pacific is anticipated to observe the fastest growth over the coming years. This can be attributed to growing awareness in the region and local presence of market players.
• Increasing awareness and growing disposable income in the Middle East region is also expected to boost the market in the region. For instance, in December 2016, Dubai based Prime hospital launched new facility to perform cochlear implant surgery.
• Several players operate in the industry. However, majority of the share belonged to the top two to three players who dominated in the industry in 2018.
• Some of the key players are Cochlear Ltd., MED-EL, Sonova, Gaes Group, William Demant Holding A/S, and Nurotron Biotechnology Co. Ltd. Development of innovative products by focusing on R&D is a key strategy has been adopted by dominant players in the market. In June 2019, Cochlear Limited received the approval from the U.S. FDA for its Cochlear Nucleus Profile Plus Series Cochlear Implant. The implant is designed for safe access to MRI scans.

Grand View Research has segmented the cochlear implants market by type of fitting, by end use, and region:

Cochlear Implants Type of Fitting Outlook (Market Revenue in USD Million, 2015 - 2026)

• Unilateral Implantation
• Bilateral Implantation

Cochlear Implants End Use Outlook (Market Revenue in USD Million, 2015 - 2026)

• Adults
• Pediatrics

Cochlear Implants Regional Outlook (Market Revenue in USD Million, 2015 - 2026)

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

Autoimmune Disease Diagnostics Market Share, Growth Analysis And Industry Size Forecasts To 2025

The Report Autoimmune Disease Diagnostics Market Size & Forecast By Type (Systemic Autoimmune Disease Diagnostics, Localized Autoimmune Disease Diagnostics Disease Diagnostics), By Region, And Trend Analysis From 2018 To 2025

The global autoimmune disease diagnostics market is expected to reach a value of USD 5.0 billion by 2025, based on a new report by Grand View Research, Inc. Government organizations along with related associations strive to curb such high healthcare costs and simultaneously provide improved diagnostic and therapeutic solutions to the patients. This has resulted in increased funding by the NIH for R&D programs related to autoimmune diseases.

Moreover, presence of favorable government initiatives aimed at curbing incidence of these diseases and developing viable diagnostic & treatment options is expected to drive market growth over the forecast period.

Growing volume of autoimmune diagnostic procedures has heightened the need for instruments and facilities rendering faster and effective results. In an attempt to cater to ever-increasing procedure volumes, diagnostic laboratories are rapidly moving toward automation. Lab automation helps decrease workload via rapid turnaround times and helps generate standardized & reproducible results.

Access Research Report of Autoimmune Disease Diagnostics Market @ www.grandviewresearch.com/industry-analysis/autoimmune-disease-diagnostics-industry

Further key findings from the study suggest:

• Localized autoimmune disease diagnostics was the largest segment in 2015 owing to high usage for type 1 diabetes and idiopathic thrombocytopenic purpura
• Type 1 diabetes is estimated to grow at a significant growth rate of over 4.0% in localized disease type segment
• Systemic disease diagnostics is anticipated to witness lucrative CAGR of around 5.0% over the forecast period due to increasing R&D for the development of novel diagnostic biomarkers for the treatment of rheumatoid arthritis and systemic lupus erythematosus
• Rheumatoid arthritis is one of the most recurring autoimmune disorders further demanding high amount of rapid diagnostics for exploring better alternative treatments
• North America was the largest regional market in 2015. High market penetration rate of technologically advanced products and increased lab automation rate are some of the factors contributing to its large share
• Asia Pacific region is anticipated to grow at the fastest CAGR of above 4.0% over the forecast period owing to increasing focus on type 1 diabetes diagnosis
• Some of the key players of this market include F. Hoffmann-La Roche Ltd; Siemens Healthineers; Abbott Laboratories; Beckman Coulter, Inc.; SQI Diagnostics; Quest Diagnostics; EUROIMMUN AG; AESKU. Diagnostics; Inova Diagnostics, Inc.; Crescendo Bioscience, Inc.; bioMerieux SA; Bio-Rad Laboratories, Inc.; and Hemagen Diagnostics, Inc.

Grand View Research has segmented the autoimmune disease diagnostics market by type and region:

Autoimmune Disease Diagnostics Type Outlook (Revenue, USD Million, 2014 - 2025)

• Systemic autoimmune disease diagnostics
  • Rheumatoid arthritis
  • Ankylosing spondylitis
  • Systemic lupus erythematosus (SLE)
  • Others
• Localized autoimmune disease diagnostics
  • Multiple sclerosis
  • Type 1 diabetes
  • Hashimoto's Thyroiditis
  • Idiopathic thrombocytopenic purpura
  • Others

Autoimmune Disease Diagnostics Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Intraocular Lenses Market Size Is Predicted To Reach A Valuation Of USD 5.54 Billion By 2025

The Report Intraocular Lens (IOL) Market Analysis By Product (Monofocal, Multifocal, Toric, and Accommodative), By End User, By Region, And Segment Forecasts, 2018 - 2025

The global intraocular lenses (IOLs) market is expected to reach USD 5.54 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as rise in prevalence of cataract, increasing aging population with high risk of developing ocular conditions, and government initiatives focused on reducing instances of preventable blindness are expected to drive the market.

Benefits of premium lenses such as enhanced visualization and patient convenience are boosting their adoption globally, thereby propelling the IOLs market. However, factors such as poor reimbursement schemes for premium lenses and high post-treatment costs are challenging market growth.

Rise in diabetic population has a direct and positive impact on the demand for IOLs as these patients are more susceptible to ocular conditions such as cataract and glaucoma. Development of novel surgical options available for cataract treatment, such as advanced micro-incision surgery and femtosecond lasers are also expected to fuel the market. On the other hand, post-surgical complications such as refractive defects are expected to moderately limit market growth.

Adoption of premium IOLs is expected to increase in the coming years since they offer benefits such as higher precision, enhanced visualization, and multifocal aperture. The premium lenses segment includes multifocal, toric, and accommodative IOLs. Multifocal lenses are proving to be beneficial to patients since they offer multifocal apertures and resolve issues such as astigmatism and presbyopia. Toric IOLs are used in the treatment of astigmatism and are estimated to replace traditional incision procedures to correct vision impairments resulting from astigmatism.

On the other hand, traditional monofocal intraocular lenses are restricted to a single focal point. They are affordably priced compared to premium lenses and hence their adoption rate among standard cataract patients is higher.

North America dominated the global IOLs market. Factors contributing to its dominance include rising adoption of premium intraocular lenses and increasing number of patients suffering from cataract in the U.S.  Asia Pacific is expected to exhibit the fastest growth rate in the global IOLs market. Increasing awareness regarding advanced surgical options and efforts of government as well as non-government organizations to improve awareness on and availability of affordable eye care are factors boosting the regional market.

Access Research Report of Intraocular Lenses (IOL) Market @ www.grandviewresearch.com/industry-analysis/intraocular-lenses-industry

Further Key Findings from the Report Suggest:

• Multifocal IOL emerged as the largest product segment as a result of high adoption despite increased prices
• Hospitals accounted for the largest share among end-use segments owing to rise in cataract surgeries in hospitals. It is also expected to grow at the fastest rate
• North America dominated the market with the largest revenue share in 2016 owing to improved awareness about advanced vision impairment treatments and increasing disposable income
• Asia Pacific is projected to witness rapid growth during the forecast period owing to speedy adoption of IOLs and advanced treatments for vision repair
• Key players including Johnson & Johnson; Alcon, Inc. (Novartis AG); Valeant Pharmaceuticals International, Inc.; EyeKon Medical, Inc.; Carl Zeiss Meditec AG; Rayner; Lenstec, Inc.; STAAR Surgical; HumanOptics AG; and HOYA GROUP dominated the global IOLs market.

Grand View Research has segmented the global intraocular lenses market on the basis of product, end-use, and region:

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

• Monofocal IOL
• Multifocal IOL
• Toric IOL
• Accommodative IOL

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

• Hospitals
• Ophthalmic Clinics
• Ambulatory Care Centers
• Eye Research Institutes

Regional Outlook (Revenue, USD Million, 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.

Demand for Biomarkers Market to Incur Considerable Upsurge During 2020 – 2027

The global biomarkers market size is expected to reach over USD 129.4 billion by 2027, according to a new study conducted by Grand View Research Inc. It is anticipated to exhibiting a CAGR of 13.7%, during the forecast period. Factors, such as increasing collaborations and funds for R&D activities, rising consumer awareness, a widening patient base, and technological advancements collectively augmenting market growth.

The drug discovery segment contributed the highest revenue in 2019. Pharmaceutical companies focus on extensive R&D initiatives for the development of targeted therapeutics. Coordinated strategic efforts on biomarker development remain a searing trend among drug manufacturers, academic research institutions, commercial R&D organizations, nonprofitable health foundations, and federal government biomedical regulatory and research agencies.

North America continued to lead the biomarkers market in 2019, driven by an amplifying demand for personalized medicines, high disease prevalence, and proactive government initiatives. It is expected to maintain its lead over the forecast period. Asia Pacific is positioned to witness the fastest CAGR, over the forecast period, spearheaded by India.

Some key market players include Abbott; F. Hoffmann-La Roche Ltd.; Qiagen; Siemens Healthcare Private Limited; Thermo Fisher Scientific, Inc.; Bio-Rad Laboratories, Inc.; Johnson & Johnson Services, Inc; Agilent Technologies, Inc.; and Epigenomics AG. The players are developing novel kits and therapies and drugs to target population in the areas with high unmet clinical needs.

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

Further key findings from the study suggest:

• Safety biomarkers captured more than 41% market share in 2019, driven by increasing awareness regarding routine healthcare checkups and reduction in drug attrition
• Validation biomarkers is expected to demonstrate the fastest CAGR through to 2027
• Personalized medicine is likely to expand at a CAGR of 14.8% over the forecast period due to consumer awareness and preferences
• Cancer dominated the disease segment in 2019, driven by a high disease burden and presence of a strong pipeline
• Cardiovascular disease segment is projected to witness the fastest growth in the forthcoming years, supported by the growing obese population base and sedentary lifestyles

Grand View Research has segmented the global biomarkers market on the basis of type, application, disease, and region:

Biomarkers Type Outlook (Revenue, USD Million, 2015 - 2027)

• Safety
• Efficacy
• Validation

Biomarkers Application Outlook (Revenue, USD Million, 2015 - 2027)

• Diagnostics
• Drug Discovery & Development
• Personalized Medicine
• Others

Biomarkers Disease Outlook (Revenue, USD Million, 2015 - 2027)

• Cancer
• Cardiovascular Disease
• Neurological Disease
• Immunological Disease
• Others

Biomarkers Regional Outlook (Revenue, USD Million, 2015 - 2027)

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

Pharmacovigilance Market Strong Application and Emerging Trends also Scope by 2027

The global Pharmacovigilance Market size is expected to reach USD 13.11 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 13.2% during the forecast period. Increasing incidence of Adverse Drug Reactions (ADR) is the key growth driver. ADR imposes a substantial burden on healthcare systems and is one of the prominent causes of morbidity in developed countries. According to the National Center for Biotechnology Information (NCBI), approximately 5% of total hospitalizations in Europe each year, are due to ADR.Pharmacovigilance services play an integral role in this clinical trial phase by assisting manufacturers in identifying adverse effects associated with the drug.

According to the World Health Organization's (WHO) report on pharmaceutical consumption, medicines to treat chronic diseases accounted for a larger proportion of the total volume of drug consumption in non-hospital setups. Hence, there has been a significant rise in the number of medicines made available to healthcare consumers. Rising demand for drugs has significantly heightened the need for the development of novel therapeutics via extensive clinical trials, which is expected to serve this market with lucrative opportunities.

Moreover, leading pharma companies in developed countries are focusing on outsourcing PV services to reduce cost and to minimize operational expenses. This is anticipated to serve as an opportunity for contact research organizations in developing regions to gain more revenue share. Manufacturers are now focusing on remodeling their product development processes in an attempt to cater to patient needs across the globe. These factors are anticipated to fuel the demand for pharmacovigilance services during the forecast period.

The companies operating in the Pharmacovigilance Market are undertaking strategic initiatives, such as collaborations with the PV service providers to gain access to medical information and to manage PV workflows. For instance, in September 2019, Accenture collaborated with Bayer to implement the company's INTIENT Clinical platform to simplify and speed its drug development processes, thereby widening business. The company collaborated with BioCelebrate in 2017 to develop a platform for aggregating and analyzing clinical information for improved drug developing efficiency, thus enhancing its R&D capabilities. Such initiatives help companies maintain their market position.

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

Further key findings from the study suggest:

• Phase IV held a dominant market share in 2019 owing to the extensive post-marketing surveillance of pharmaceuticals and increasing ADR incidences
• In the service provider segment, contract outsourcing held a significant market share of around 57% in 2019, owing to the shift in focus of pharmaceutical companies toward outsourcing services to reduce operational cost
• Based on type, spontaneous reporting held the largest revenue share in 2019, due to wide application of the product in pharmacovigilance along with benefits such as easy simulation of data sets for better drug comparison
• Research organizations segment is anticipated to exhibit lucrative CAGR of 13.3% over the forecast period owing to increasing R&D for the development of novel biologics and medical devices
• Asia Pacific Pharmacovigilance Market is anticipated to showcase lucrative CAGR in the forthcoming years, attributed to the availability of low-cost labor and rising number of outsourcing companies in this region
• Market participants are focusing on increasing R&D activities to develop better pharmacovigilance services. Moreover, they are adopting strategies such as new product launch, collaborations, and mergers and acquisitions to gain competitive advantage

Grand View Research has segmented the global Pharmacovigilance Market on the basis of the clinical trial phase, service provider, type, end use, and region:

Pharmacovigilance Clinical Trial Phase Outlook (Revenue, USD Million, 2016 - 2027)

• Pre-clinical
• Phase I
• Phase II
• Phase III
• Phase IV

Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2016 - 2027)

• In-house
• Contract Outsourcing

Pharmacovigilance Type Outlook (Revenue, USD Million, 2016 - 2027)

• Spontaneous Reporting
• Intensified ADR Reporting
• Targeted Spontaneous Reporting
• Cohort Event Monitoring
• EHR Mining

Pharmacovigilance End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Research Organizations
• Industrial

Pharmacovigilance Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

Managed Security Services Market Expected To Reach USD 60.94 Billion by 2024

The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period. 

Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016. 

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services. 

Access Research Report of Managed Security Services Market @ http://www.grandviewresearch.com/industry-analysis/managed-security-services-market

Further key findings from the report suggest:

• The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
• Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on-premise to cloud-based services to reduce the expenditure in managing these services.
• Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
• The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
• Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
• Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

Grand View Research has segmented the managed security services market on the basis of type, deployment, organization, application and region:

Managed Security Services Type Outlook (Revenue, USD Million, 2014 – 2024)

• Unified threat management
• DDoS
• Managed SIEM
• Managed endpoint threat protection
• Managed two-factor authentication
• Compliance management
• Vulnerability management
• Others

Managed Security Services Deployment Outlook (Revenue, USD Million, 2014 – 2024)

• Cloud-based
• On-premise

Managed Security Services Organization Outlook (Revenue, USD Million, 2014 – 2024)

• Small and medium enterprises
• Large enterprises

Managed Security Services Application Outlook (Revenue, USD Million, 2014 – 2024)

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

Managed Security Services Regional Outlook (Revenue, USD Million, 2014 – 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
• 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.

Industrial Air Filtration Market to Record an Exponential CAGR by 2027| Key Industry Participants Donaldson Company, Clarcor, Inc.

The global industrial air filtration market size is expected to reach USD 18.0 billion by 2027, growing at a CAGR of 7.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The growing demand for high-performing and energy-efficient products is expected to catapult the demand over the forecast period. Technological advancements have resulted in the manufacturing of a new filter media to meet the demand for energy-efficient products. This, in turn, has instigated the development of innovative raw materials such as small fibers and is further anticipated to provide new avenues for industry growth.

Soaring electricity consumption has led to the development of new power generation plants, which is expected to be a key factor driving the market for industrial air filtration. Furthermore, implementation of stringent government regulations in order to protect human health by limiting or eliminating airborne pollutant concentrations will further aid in catapulting the market. Enforcement of Occupational Safety and Health Act (OSHA) code is the key factor anticipated to drive the market for industrial air filtration. The OSHA standards prohibit companies from retaliating against employees for exercising their rights under the law.

Companies across the globe are turning towards sustainable alternatives and methodologies such as green manufacturing in order to improve competitive advantage and increase revenues. Similarly, governments across the globe are collaborating with numerous environmental organizations for developing standards to control harmful emissions in the region. These standards have contributed to the expansion of the market for industrial air filtration across regions.

However, lack of social responsibility and awareness may also pose a challenge to market growth. End use industries often lack their responsibility towards society and refuse to spend extra capital investment for installing an air pollution control devices, which is expected to hamper product demand over the next few years. Equipment purchase decisions are often based on the purchase price of the air filtration equipment, which is further expected to pose as a challenge to the market for industrial air filtration.

Access Research Report of Industrial Air Filtration Market@
https://www.grandviewresearch.com/industry-analysis/industrial-air-filtration-market

Further key findings from the report suggest:

• The dry scrubbers segment is expected to witness a CAGR exceeding 7.5% over the forecast period. Dry scrubbers generate minimal waste leading to the elimination of complex sanctioning procedure along with plummeting capital and operating costs
• The demand for air filters in the power segment accounted for over 19% of the global industrial air filtration market in 2019 and the segment is expected to witness a steady growth over the next seven years, as this industry has to comply with several government regulations including Environmental Protection Agency (EPA) and OSHA standards
• Asia Pacific accounted for over 25% of the overall revenue in 2019 and is expected to witness substantial growth over the forecast period, which is accredited to high penetration of these products across the metal and plastic industry coupled with increased R&D spending in the Asia Pacific food and beverage industry
• Key players, such as Honeywell International, Inc., MANN+HUMMEL, Daikin Industries, Ltd., Clean TeQ Holdings Limited, 3M, and SPX Corporation, enhanced their market position through mergers and acquisitions in order to expand their geographical reach.

Grand View Research has segmented the global industrial air filtration market based on product, end use, and region:

Industrial Air Filtration Product Outlook (Revenue, USD Million, 2016 - 2027)

• Dust Collectors
• Oil Mist Collectors
• HEPA Filters
• Cartridge Collectors & Filters (CC&F)
• Baghouse Filters
• Welding Fume Extractors
• Wet Scrubbers
• Dry Scrubbers

Industrial Air Filtration End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Cement
• Food
• Metals
• Power
• Pharmaceutical
• Agriculture
• Paper & Pulp and Woodworking
• Plastic
• Others

Industrial Air Filtration Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

Software Consulting Market to Incur Meteoric Growth During the Forecast Period

The global software consulting market is expected to reach USD 382.65 billion by 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for digitalization in business processes and low start-up costs associated with software consulting services are expected to drive the growth of the market.

The growing adoption of enterprise software solutions to increase productivity and efficiency of an organization is driving the demand for software consulting services for efficient installation and use of these solutions. The increasing need for the development of enterprise mobile applications and web applications is further expected to drive the demand for consultation planning, implementation, and support for applications.

Migration of IT infrastructure to cloud computing infrastructure and traditional IT solutions to mobile computing solutions are the current trends observed in the market. These trends are expected to drive the demand for software consulting services over the forecast period. Furthermore, new service providers in the market are delivering an innovative business model that redefines the existing business model.

Moreover, digital transformation across the manufacturing industries and adoption of Industry 4.0 standards are expected to drive the demand for software consulting services for installing new software based solutions and gaining insights on advanced changes made in the software solutions. Increasing number of SMEs and their demand for advanced software solutions for developing effective business models are expected to fuel the growth of the market.

Access Research Report of Software Consulting Market @ www.grandviewresearch.com/industry-analysis/software-consulting-market

Further key findings from the report suggest:

• The enterprise solution segment is expected to account for a significant market share over the forecast period owing to the increasing demand for an efficient and integrated system that minimizes operational costs.
• Increasing investments by large enterprises in advanced technologies to cope with the changing industry dynamics are expected to drive the growth of the large enterprise segment.
• The IT & telecom segment is expected to witness the highest growth in terms of revenue over the forecast period. Increasing demand for maintaining quality, security, and performance of software architecture in the IT & telecom industry are expected to drive the growth of the market.
• North America is expected to continue to dominate in the market over the forecast period owing to the presence of a large number of software consulting service providers.
• The key industry participants include Atos SE, Accenture, Capgemini, CGI Group Inc., Cognizant, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, IBM Corporation, Oracle, PwC, and SAP SE.

Grand View Research has segmented the global software consulting market on the basis of application, enterprise size, end-use, and region:

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

• Enterprise Solutions
• Application Development
• Migration & Maintenance services
• Design Services
• Application Testing Services
• Software Security Services

Software Consulting Enterprise Size Outlook (Revenue, USD Billion; 2014 - 2025)

• Large Enterprise
• Small & Medium Enterprise

Software Consulting End-use Outlook (Revenue, USD Billion; 2014 - 2025)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Software Consulting Regional Outlook (Revenue, 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.

Microwave Oven Market to Expand At A CAGR Of 2.8% throughout the Forecast Period| Key participants Sharp Corporation, Haier Group Corporation

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

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

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

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

Access Research Report of Microwave Oven Market @ www.grandviewresearch.com/industry-analysis/microwave-oven-market

Further key findings from the report suggest:

• The convection segment is poised to account for half of the overall market value by 2022
• The grill microwave oven market is anticipated to be valued at around USD 4.50 billion by 2022
• In 2016, North America was the leading revenue contributor in the market, with a valuation of around USD 3.5 billion
• The household application segment accounted for a larger revenue share in 2016 and is likely to expand at a CAGR of around 3.0% over the forecast period
• The key players in the market include Robert Bosch GmbH, Haier Group Corporation, Hobart, Hamilton Beach, Middleby Corporation Company, Whirlpool Corporation, and Sharp Corporation.

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

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

• Convection
• Grill
• Solo

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

• Commercial
• Household

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

• Built-in
• Counter top

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

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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.

Bearings Market is Estimated to Grow at Significant Rate by 2025| Top Industry Leaders JTEKT, NTN, Timken, SKF

The global bearings market size is expected to reach USD 186.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.1% during the forecast period. Bearings are essential in almost every application that involves motion and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

The bearings market is estimated to witness a considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, rising demand for commercial vehicles is expected to catapult the demand from automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor bearing operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

Access Research Report of Bearings Market@
https://www.grandviewresearch.com/industry-analysis/bearings-market

Further key findings from the study suggest:

• The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability
• Roller bearings is anticipated to emerge as the largest product segment by 2025 and outpace ball bearings, ascribed to their ability to carry heavy loads and shock or impact loading
• Railway and aerospace segment is estimated to witness the fastest CAGR of over 8.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few
• Asia Pacific is anticipated to witness the fastest CAGR of over 5.0% by 2025 attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and swift infrastructure development
• The key competitors operating in the bearings market include SKF, NSK, Timken, Schaeffler, NTN, and JTEKT. Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product

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

Bearings Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Ball
  • Deep Groove
  • Other
• Roller
  • Split
  • Tapered
  • Others
• Others

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

• Automotive
• Agriculture
• Electrical
• Mining & construction
• Railway & Aerospace
• Automotive aftermarket
• Others

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

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