Consumer Electronics Market Industry Outlook & Future Forecast Report Till 2020

The global consumer electronics market is expected to reach USD 838.85 billion by 2020, according to a new study by Grand View Research, Inc. Recent technological advancements have led to the miniaturization of smart devices, and are expected to be key factor driving the consumer electronics industry. High investment, availability of cost effective devices due to mass production, and a range of diverse applications are also expected to be the key growth drivers.

Consumers are narrowing their technology interest to devices that offer multiple functions. Single-function products such as portable music players, digital cameras, etc. have witnessed considerable decline owing to the advent of multi-function devices. For example, there has been a considerable rise in smartphone ownership in 2013, while ownership of digital cameras has declined. End users have become more platform-agnostic as they are open to experimenting with different platforms such as Windows, Android and iOS, which is also expected to catapult consumer electronics market demand over the forecast period.

Increasing penetration of BYOD has presented growth avenues. Long-battery life, processors and large screens along with other value-added features is also expected to favorably impact personal electronics market growth over the next few years. Consumer electronics manufacturers focus on gaining a level of insight into service adoption on smartphones and related pricing strategies to target end users.

To request a sample copy or view summary of this report, click the link below:http://www.grandviewresearch.com/industry-analysis/personal-consumer-electronics-market

Further key findings from the study suggest:

• The smartphone market is poised for high growth over the next six years, which may be attributed to increased emphasis on devices integrating several advanced features such as audio, GPS and high-end cameras. Emerging concepts such as pervasive computing along with several communication technologies, including 4G/5G LTE are also expected to drive demand.
• Laptops, desktops, and notebooks accounted for considerable revenue share in 2013. Introduction of new low end-devices and affordability are key factors driving the tablet market growth. The overall increase is also expected to stem from substitution of conventional laptops with tablets
• Digital camera market sales may witness a decline over the next few years. Consumer preference for devices such as smartphones that offer multi-functionality is expected to hinder the digital camera market.
• Asia Pacific consumer electronics market captured sizable volume share, which can be primarily attributed to high demand in China and India as well as considerable product penetration in the region.
• Key industry players such as Samsung, Apple, LG, Huawei and ZTE focus on providing a wide product portfolio and product differentiation as a core business strategy. Sales and distribution activities involve a mix of direct sales, distributors and third-party representatives, retail outlets, independent dealers etc. Distribution activities have become a key area of focus for all companies owing to wide adoption of these products.

Grand View Research has segmented the global consumer electronics market on the basis of product and region:

Consumer Electronics Product Outlook (Volume, Million Units & Revenue, USD Billion; 2012 - 2020)

• Smartphones
• Tablets
• Laptops/Notebooks
• Desktops
• Digital Cameras’
• Hard Disk Drives (HDD)
• E-readers

Consumer Electronics Regional Outlook (Volume, Million Units & Revenue, USD Billion; 2012 - 2020)

• 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.

Fingerprint Access Control Systems Market Valuation to Reach USD 11.88 Billion by the end of 2024

The global fingerprint access control market size is expected to reach USD 11.88 billion by 2024, according to a new report by Grand View Research, Inc. Technological proliferation backed by increasing need for secure authentication and recognition of individuals across distinct end-use industries are the factors expected to impel fingerprint access control market growth over the forecast period. Moreover, declining prices of fingerprint technology has led to an overall increase in its global demand.

Favorable government initiatives and standards worldwide is expected to contribute to the industry growth over the forecast period. The governments across several countries have formed regulations governing the usage, gathering and disposal of biometric information by entities, however the affluence of these laws varies extensively over regions. For instance, in the U.S. state of Illinois with its Illinois Biometric Information Privacy Act, 740 ILCS 14/1, et seq. and Texas with its Bus. & Com. Code Ann. § 503.001 strictly regulate the use, revelation, and the final destruction of biometric data by a private entity. The state of Illinois compels such entities to develop written policies describing their biometric data collection methods.

Use of fingerprint access control in government and commercial sector has contributed immensely to industry growth. Need for security is one of the key factors driving market demand. Multimodal biometrics based products have enticed popularity specifically in passport and e-IDs verification systems.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/fingerprint-access-control-systems-market

Further key findings from the study suggest:

• The optical product segment dominated the industry with overall revenue share of over 38% in 2015. Optical access control provides larger sensing area, better image quality, higher resolution, and robust operations. However, capacitive is a recent technology and is relatively cheaper than optical sensors. It can be embedded into smaller devices and are prone to dirt. Owing to these features the segment is expected to witness significant growth with a CAGR of nearly 18.0% over the forecast period.
• Commercial and government applications segment have high penetration rate and captured over 50% of the revenue share in 2015 to strengthen internal and external security. Government sector is among the early adopters of biometrics technologies such as fingerprint and iris scanning and currently represents the significant end-user of the technology.
• BFSI sector is anticipated to grow rapidly with the significant CAGR of over 21% from 2016 to 2024.Proliferation of mobile devices such as smartphones with fingerprint authentication capability has paved the way for mobile logon. Banks and other financial organizations now offer biometric login facility for their mobile banking apps to ensure the authorized transactions. Biometric modalities offer a secure way to authenticate user identity and shield against cybercrime.
• North America is estimated to be a major regional segment with over 34% of the overall revenue share in 2015. However, Asia Pacific and MEA are expected to grow at a considerable rate owing to the increasing penetration of smartphones and favorable government regulations. Increasing terror activities and crime rate globally have generated the need for added security and control measures. Technological advancements and government initiatives towards access control is expected to drive the industry growth over the next eight years.
• The key industry players in the fingerprint access control market include 3M Cogent, Anviz Global, Cross Match Technologies Inc., ViRDI Tech, Daon Inc., Entertech Systems, Hitachi Omron Terminal Solutions, IDtech 360, NEC Corporation of America, Lockheed Martin Corporation, SecuGen Corportaion, Safran Group, Suprema Inc., Merkatum Corporation, Fingerprint Cards AB (FPC), Diamond Fortress Technologies, Aware, Inc., and ZKTeco. Owing to increasing penetration across several end-use industries such as healthcare and consumer electronics, manufacturers are developing unique solutions to address the needs of varying applications such as identity verification or mobile health monitoring.

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

Fingerprint Access Control Product Outlook (USD Million, Thousand Units 2014 – 2024)

• Optical
• Capacitive
• Pressure
• Ultrasonic
• Thermal

Fingerprint Access Control Application Outlook (USD Million, Thousand Units 2014 – 2024)

• Commercial
• Consumer Electronics
• Government
• Military & Defense
• BFSI
• Healthcare
• Others

Fingerprint Access Control Regional Outlook (USD Million, Thousand Units 2014 – 2024)

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

About Grand View Research

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

Marine Propulsion Engines Market to Expand with Significant CAGR by 2020

The Report Marine Propulsion Engines Market Analysis By Product (Diesel Propulsion, Wind Propulsion, Gas Turbine Propulsion, Fuel Cell) And Segment Forecasts To 2020

The Global Marine Propulsion Engines Market is expected to reach USD 10.95 billion by 2020, according to a new study by Grand View Research, Inc. Significant modernization in marine propulsion as a direct consequence of increased demand for operationally dependable and financially efficient ships is expected to drive the marine propulsion engines market. The shipping industry has started to focus more on reducing fossil fuel consumption by developing electric motors which also help increase energy efficiency.

The market is expected to be hindered by regulations of the International Convention for the Prevention of Pollution from Ships (MARPOL), which apply principally to the protection of the marine environment and prevention of contamination by oil, chemical spills, sewage, marine species, and air pollution by engine exhaust gases. With the advancement in technology and increasing awareness pertaining to environmental conservation, development of propulsion systems that run on alternate fuels and with minimal emissions has garnered special importance.

Although wind and solar energy have gained prominence as auxiliary propulsion sources in the marine propulsion engines market, they are inadequate to suffice the power requirements for primary propulsion purposes.

Access Research Report of Marine Propulsion Engines Market @ www.grandviewresearch.com/industry-analysis/marine-propulsion-engines-market

Further key findings from the study suggest:

• High reliability and easy operability have resulted in diesel engines being the most extensively used to meet the primary as well as auxiliary ship propulsion needs in the marine industry. Presence of well-established spare part and repair networks globally coupled with availability of trained engineers and established training facilities has further driven the diesel marine propulsion engines demand.
• Depleting conventional and shale gas reserves have led to the increase in the demand for liquefied natural gas (LNG) as a marine fuel which involve dual fuel diesel (DFD) engines as prime movers. Wind energy and solar energy have gained prominence as auxiliary power generating sources as they do not emit harmful pollutants. Although steam turbine systems were traditionally used as prime movers, they have been increasingly substituted by diesel and dual fuel diesel (DFD) engines. Steam marine propulsion engines are still used in niche applications such as coal carriers and LNG carriers.
• Asia Pacific accounted for a substantial share of the overall marine propulsion engines market revenue in 2013, which can be attributed to significant investments by countries in the Far East such as China and South Korea. North America is among the highest adopters of LNG as a propulsion medium.
• Leading marine propulsion engines manufacturers such as Wärtsilä, Rolls-Royce, MAN Diesel, Caterpillar, and Cummins adopt global multi-sourcing strategies to explore alternative sources of supply. Marine propulsion engines manufacturers have dedicated professional sales staff having expertise in the company’s entire product lines for identifying specific and tailored solutions. The marine propulsion engines market is characterized by frequent mergers and acquisitions in a bid to achieve competitive advantage.

For the purpose of this study, Grand View Research has segmented the global marine propulsion engines market on the basis of product and region:

Marine Propulsion Engines Product Outlook (Revenue, USD Million, 2012 - 2020)

• Diesel Propulsion
• Wind & Solar Propulsion
• Gas Turbine Propulsion
• Fuel Cell Propulsion
• Steam Turbine Propulsion
• Natural Gas
• Others

Marine Propulsion Engines Regional Outlook (Revenue, USD Million, 2012 - 2020)

• North America
• EMEA
• 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.

Global Flexible Electronics Market to Register Stable Expansion by 2024

The global flexible electronics market was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024, according to a new report by Grand View Research, Inc. Escalating demand for compact and light-weight electronic devices is anticipated to fuel growth over the forecast period. Flexible batteries, displays, memories are a few products realized with the adoption of this technology. The technology provides ample opportunities in the area of smart textiles, which is the future of wearable’s. Government support in the form of funding that lends a helping hand to several research projects in this field is also anticipated to impact the industry growth positively.

Healthy demand for smart glasses, e-books, smartphones, smart watches, and e-papers is expected to catapult market growth over the next eight years. The technology facilitates electronic systems to be stretched, rolled, and flexed, minimizing design issues associated while developing compact, portable and miniature devices. The style and functionality of wearable devices is anticipated to witness a transition over the next eight years with companies such as Samsung, Apple, Nike and Google investing heavily in this segment, thereby providing avenues for discovering novel applications incorporating this technology.

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

Further key findings from the report suggest:

• The consumer electronics segment accounted for over 55% of the overall revenue in 2015. The year 2014 witnessed the onset of new curved televisions, smartphones, and other electronic devices; a trend that gained traction in 2015, and is expected to impact the flexible electronics demand favorably from 2016 to 2024 owing to high penetration in the wearable’s segment
• The display segment is projected to grow at a CAGR exceeding 16% over the forecast period. It is primarily attributed to the ability of these products to curve, roll, flex, conform and fold, enabling a new intuitive user interface. Further, companies are progressing towards the use of plastic displays as an alternative to glass displays, which provides opportunity for future growth
• Wearable devices segment accounted for over 40% of the overall revenue in 2015 and is expected to witness a healthy demand over the forecast period. This increase is primarily ascribed to upsurge in demand for fitness or activity trackers as these products are well-positioned in the market with a promise of tracking productivity, physical activity, heart rate, sleep, etc. that intrigues customers
• Asia Pacific flexible electronics market accounted for over 20% of the overall revenue share in 2015. Research capabilities and aggressive investments by major industry players such as LG and Samsung Electronics in anticipated to drive regional growth over the forecast period
• Prominent industry participants include 3M, E Ink Holdings Inc., GE Measurement & Control Solutions, ITN Energy Systems Inc., LG, PARC, Samsung, and Thinfilm Electronics ASA. Strategic alliances among the major stakeholders such as material manufacturers, academia, and device integrators is anticipated to strengthen the existing technology know-how while driving drive efforts to explore new application areas

Grand View Research has segmented the global flexible electronics market on the basis of components, application and region:

Flexible Electronics Components Outlook (Revenue, USD Billion; 2013 - 2024)

• Display
• Battery
• Sensors
• Memory
• Others

Flexible Electronics Application Outlook (Revenue, USD Billion; 2013 - 2024)

• Consumer electronics
  • Television
  • Wearable devices
  • Smartphone
  • Others
• Automotive
• Healthcare
• Industrial
• Others

Flexible Electronics Regional Outlook (Revenue, USD Billion; 2013 - 2024)

• 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.

Online Movie Ticketing Services Market Size Is Expected To Reach $28.86 Billion by 2025 | Key participants Cineplex Entertainment, Ticket Please

The global online movie ticketing services market size is expected to reach USD 28.86 billion by 2025, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising disposable income, along with changing customer preference towards online movie bookings, are primarily driving the growth.

Increased efforts made by industry players to make their website interfaces and mobile applications more user-friendly have influenced market growth positively. Service providers are focusing on redesigning their websites and smartphones applications to provide improved features such as select-your-own seat and view-from-seats to improve customer experience. Although online movie ticket sales through PCs currently garner the highest revenue share, bookings made through mobile applications are anticipated to lead the online movie ticketing services market over the forecast period.

North America accounted for the largest market share in 2018 and is expected to retain its dominance over the next six years. This growth is characterized by the evolution of a wide range of ticketing technologies in developed countries, such as U.S. Latin America is expected to witness a substantial growth during the forecast period, due to the shift of users towards digitized form of ticket booking. Asia Pacific is also projected to register high growth over the next six years, accredited to the well-established presence of renowned film industries in the region, which results in audiences thronging to catch a glimpse of their favorite superstars on big screens.

Access Research Report of Online Movie Ticketing Services Market@
https://www.grandviewresearch.com/industry-analysis/online-movie-ticketing-services-market

Further key findings from the report suggest:

• Mobile segment is anticipated emerge as the fastest growing platform, on account of the increasing adoption of smartphones and utilization of mobile applications to conduct online transactions
• Asia Pacific is expected to expand at a CAGR of more than 8% over the next six years due to improved purchasing power of people across developing nations such as India
• Key players operating in the online movie ticketing services market include AOL Inc.; Atom Tickets LLC; Bigtree Entertainment Pvt. Ltd.; Cinemark Holdings Inc.; Cineplex Inc.; Fandango; Inox Leisure Ltd.; Movietickets.com; Mtime; and VOX Cinemas
• The players are facing tough competition from startups and innovators. To improve their market positions, companies focus on ways of expanding their presence and gaining a competitive edge over the other companies through strategic initiatives such as mergers and acquisitions and collaborative partnerships

Grand View Research has segmented the global online movie ticketing services market on the basis of platform and region:

Online Movie Ticketing Services Platform Outlook (Revenue, USD Million, 2014 - 2025)

• PC
• Mobile

Online Movie Ticketing Services Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America 
  • US.
  • Canada
• Europe 
  • Germany
  • UK.
• Asia Pacific 
  • China
  • India
  • Japan
• Latin America 
  • Brazil
  • Mexico
• Middle East & Africa (MEA) 
  • KSA
  • UAE
  • Qatar

About Grand View Research

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

Biophotonics Market Plying for Significant Growth During 2013 - 2024

The global biophotonics market was valued at USD 34.29 billion in 2015, which is estimated to reach USD 91.31 billion by 2024, according to a new report by Grand View Research, Inc. The developments in optical technologies, increasing investigations by researchers, and mounting demand for early diagnosis are anticipated to drive the market growth over the forecast period. Biophotonics, being an evolving area of scientific research, has several applications due its ability to harnesses light for comprehending the functioning of cells and tissue in living organisms. This further aids in the better diagnosis of health problems.

Biophotonics market is projected to witness a high growth during the forecast period, owing to its application in optical techniques while simultaneously preserving the integrity of the biological cells under surveillance. New laser microscopes are being developed which permit measurements of distinct molecules and tissues at exceptional resolutions.

Biophotonics also finds applications in numerous procedures including new laser microscopes, which allow exceptional specifications of molecules & single tissues, optical coherence tomography that assists in the minute imaging of biomaterials, and novel light-activated chemicals utilized for welding tissues through surgical procedures.

Considering the enormous application areas, it is becoming perplexing for the key market players to commercialize this technology. However, the market is confronted with a slow commercialization rate due to the low acceptance from end-users, price sensitivity, and concerns pertaining to authenticity, quality, and reliability of the products.

Access Research Report of Biophotonics Market@ http://www.grandviewresearch.com/industry-analysis/biophotonics-market

Further key findings from the report suggest:

• The non-medical end-use segment is expected to emerge as the fastest-growing segment over the forecast period. The snowballing demand in the non-medical applications is predicted to offer several growth avenues over the next few years. The usage of biophotonics to examine tissues at macro and micro levels and diagnose diseases effectively is expected to be a key reason for its surging end-use applications.
• The light therapy segment is projected to grow at a CAGR of 14.88% over the forecast period. It accounted for 3.6% of the total market revenue in 2014. This is followed by the surface imaging segment, which is expected to exhibit a high market growth. In addition to this, the market is expected to observe growth with increasing adoption of this technology across various industries, such as biotechnology, therapeutics, agriculture, diagnostics, and life sciences R&D. Other impact rendering applications include environmental monitoring, food analysis, dosimetry, dentistry, and medical imaging utilizing endoscopy and Raman spectroscopy.
• The Asia Pacific biophotonics market is expected to grow at a CAGR exceeding 13% over the next few years. Due to the augmented investment in R&D activities, coupled with the increasing prevalence of cancer, the market is expected to witness a substantial growth. The increasing healthcare expenditure and rising government initiatives are expected to fuel the demand for the regional market.
• The prominent industry participants include IPG Photonics Corp., Idex Corp., Toshiba, Procter & Gamble, Horiba, Precision Photonics Corp. (PPC), Roche, GE, Philips, and Danone. The market is projected to exhibit an aggressive competition in the arena of technological development, leading to the application of biophotonic devices in households.

Grand View Research has segmented the global biophotonics market on the basis of end-use, application, and region.

Biophotonics End-Use Outlook (Revenue, USD Billion; 2013 - 2024)

• Tests and components
• Medical therapeutics
• Medical diagnostics
• Non-medical application

Biophotonics Application Outlook (Revenue, USD Billion; 2013 - 2024)

• See-Through Imaging
• Microscopy
• Inside Imaging
• Spectro Molecular
• Other Analytics Sensing
• Light Therapy
• Surface Imaging
• Biosensors

Biophotonics Regional Outlook (Revenue, USD Billion; 2013 - 2024)

• 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.

Integrated Systems Market Precise Analysis on Business Overview, Product Scope And Ongoing Development by 2020

The global integrated systems market is expected to reach USD 24.02 billion by 2020, according to a new study by Grand View Research, Inc. Accelerated business demands and intricate nature of IT challenges is anticipated to drive the global integrated systems market demand over the forecast period. The IT industry is highly dynamic in nature and characterized by technological advancements and innovation. Every few years the industry experiences tectonic shifts that re-shape IT. Shift in trend from mainframes to client/server to internet computing has altered the way end-users build, purchase, consume, and deliver technology.

In recent times, the integrated systems market has witnessed significant shift, which may be attributed to emergence of mobility, big data, social networking and cloud computing. Smartphone proliferation has also impacted the IT industry, with the advent of the BYOD phenomenon, and provides several market growth opportunities. However, factors such as high deployment cost may pose a challenge to market growth. Besides perceived complexity with regards to installation of converged infrastructure solutions, they are viewed as an expensive but necessary spending.

Access Research Report of Integrated Systems Market @ http://www.grandviewresearch.com/industry-analysis/integrated-systems-market

Further key findings from the study suggest:

• The integrated infrastructure segment is poised for high growth over the next six years, which may be attributed to strong revenue growth posted by a few key industry players such as VCE, Cisco, etc.
• Integration and installation segment accounted for substantial market share in 2013, and is expected to witness high growth. Legacy data center infrastructure has several shortcomings that fail to meet modern data center demand, and has resulted in rise in integrated systems deployment. Further, integrated systems provide the ability to replace aging systems and platforms, thereby combining multiple systems into one platform.
• BFSI accounted for majority of the integrated systems market in 2013, owing to high market penetration and early adoption. Integrated systems installation enables the BFSI sector support growth, expand network and offer new services to their customers. It also plays a key role in reducing cost, space and power consumption significantly.
• North America captured a sizeable amount of the integrated systems market, which can be primarily attributed to technological advancements and high market penetration. In addition, the need to achieve agility and efficiency in enterprises may also catapult the regional market demand over the forecast period.
• Key integrated systems market players such as Oracle Corporation, Cisco Systems, VCE, Hewlett-Packard and IBM focus on collaborations as it helps in technology exchange, joint sales and marketing efforts, new market creation and new product development.

Grand View Research has segmented the global integrated systems market on the basis of product, service, end-use and region:

Integrated Systems Product Outlook (Revenue, USD Million, 2012 - 2020)

• Integrated Platform/Workload Systems
• Integrated Infrastructure Systems

Integrated Systems Service Outlook (Revenue, USD Million, 2012 - 2020)

• Integration & Installation
• Consulting
• Maintenance & Support

Integrated Systems End-Use Outlook (Revenue, USD Million, 2012 - 2020)

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

Integrated Systems Regional Outlook (Revenue, USD Million, 2012 - 2020)

• 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.

Electronic Display Market to Register Stable Expansion During 2012– 2022

The electronic display market size is expected to reach USD 733.7 billion by 2022, according to a new report by Grand View Research, Inc. Surge in demand for electronic displays in number of applications including consumer electronics, digital signage, and automation, is expected to drive the market over the forecast period. Growing demand for screens equipped with high-resolution displays is anticipated to drive growth for mobile devices such as smartphones and tablets.

Growing adoption of 3G and 4G communication technologies owing to their affordability, along with the availability of Wi-Fi in private as well as commercial spaces has positively impacted the popularity of video streaming, thereby opening new avenues for market growth.

There have been significant advances in electronic display technologies over the past few years. Cathode ray tubes were prominently used in the electronic display market for several years until they were replaced by more advanced plasma, LCD, and LED display technologies.

LED and OLED displays experienced high market penetration over the last few years, and are expected to witness similar trends over the forecast period. Flourishing mobile commerce and gaming markets have resulted in growing demand for smartphones and tablets with high-resolution screens.

However, manufacturer responsibilities have increased owing to the enforcement of the Restriction of Hazardous Substances (RoHS) and Waste Electronics and Electrical Equipment (WEEE) standards. The standard intends on decreasing the amount of hazardous e-waste, which may negatively impact the environment.

Access Research Report of Electronic Display Market@ www.grandviewresearch.com/industry-analysis/electronic-displays-market

Further key findings from the study suggest:

• OLED technology segment is expected to grow at a CAGR of over 15% over the forecast period. OLED displays offer benefits such as high resolution and ultra-high clarity to enhance the value proposition for consumers. These factors have led to increased adoption of AMOLED displays in smartphones. In addition, several OLED makers including BOE display and CSoT in China are heading towards increasing OLED TV production, which is expected to fuel its growth over the future.
• Consumer electronics application contributed to over 50% the overall global revenue shares in 2014. Increasing penetration of consumer electronics is expected to witness healthy growth in Asia Pacific. Proliferation of m-commerce and gaming are anticipated to contribute towards smartphone and tablet growth, which in turn drive the electronic display demand over the next few years. Increasing demand for LED and OLED TVs is also expected to propel the industry growth.
• Retail industry in end-use segment is expected to witness a CAGR of 12.3% over the forecast period. Retailers across the U.S. and Europe are widely adopting digital signage solutions for effective customer targeting. Combined with customer smartphone apps and in-store discounting, digital signage provides significant advantage to the retailers in terms of capturing customer attention and marketing strategy.
• Asia Pacific regional market is expected to grow at a CAGR of close to 15% over the forecast period. Major manufacturers in the industry are based in countries from the Asia Pacific region, such as Taiwan and China, owing to cheap labor and higher production capacities. This has led to an increased adoption if electronic displays in the region.
• Key industry participants include AU Optronics Corp., Cambridge Display Technology Ltd., LG Display Co., Mitsubishi Electric Corporation, Panasonic Corporation, Sony Corp., and Toshiba Corp.

Grand View Research has segmented the global electronic display market on the basis of technology, application, end-use and region:

Electronic Display Technology Outlook (Revenue, USD Billion, 2012 - 2022)

• LCD
• LED
• OLED
• Others

Electronic Display Application Outlook (Revenue, USD Billion, 2012 - 2022)

• Consumer Electronics
• Digital Signage
• Automotive Display
• Others

Electronic Display End-Use Outlook (Revenue, USD Billion, 2012 - 2022)

• Retail
• Entertainment
• Corporate
• Healthcare
• Government

Car DVR Regional Outlook (Revenue, USD Billion, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

About Grand View Research

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

Farm Management Software Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

The global farm management software market size is anticipated to reach USD 4.22 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.7% during the forecast period. The perpetual shortage of water along with growing population in developing countries is compelling governments to seek different ways of increasing food production.

A shift from inefficient traditional agricultural methods to modern agricultural practices would help cope with sustainability challenges in the agriculture industry, which is expected to positively influence the farm management software market over the forecast period.

Increasing awareness regarding benefits of organic foods and their subsequently growing consumption are fueling the demand for higher agricultural output. As a result, industry players are investing in R&D activities to develop effective and efficient drones for enhancing productivity. The Food and Agriculture Organization (FAO) estimated a 60% increase in the demand for agricultural products by 2050, representing an approximate increase by 1% per year, as the global population is likely to reach 9 billion by 2050. Furthermore, growing middle-class population in emerging countries is poised to stoke the demand for agricultural products such as vegetables and fruits. Moreover, increasing uptake of healthier food is boosting the demand for market.

Increasing focus of farmers on crop yield, productivity, and farm efficiency is projected to provide a fillip to the market over the forecast period. Advancements in technologies such as cloud computing and Internet of Things (IoT) are anticipated to promote the usage of big data, artificial intelligence, and robots in farming. Big data plays an essential role in providing predictive insights in agriculture, redesigning business process, and making real-time operational decisions for altering business models.

Global IT companies such as IBM are offering software solutions and big data analytics for precision farming techniques. On the other hand, startups are moving upstream in the value chain and extending their offerings to insurance and advisory services. The value chain of the farm management software market includes suppliers, agricultural OEMs, integrators & service providers, and customers.

Access Research Report of Farm Management Software Market @ https://www.grandviewresearch.com/industry-analysis/farm-management-software-market

Further key findings from the report suggest:

• The emergence of big data, mobile computing, and advanced sensing technology, which supports software are shaping the farm management software market
• The cloud-based deployment model is expected to witness the most promising growth, registering a CAGR of 19.5% over the projected period
• The data, which is collected through sensors and drones, is visualized through platforms developed by service providers
• The managed services segment dominated the market in 2016. Managed services are similar to third party or outsourced services. Most growers adopt managed service providers for drone services as collection of data using drones requires special assistance
• The North American market dominated the market and was valued at USD 492.7 million in 2016
• Some of the key players in the market are DeLaval International AB; CropMetrics LLC; Granular, Inc.; DICKEY-john Corporation; Gamaya; and Raven Industries.

Grand View Research has segmented the global farm management software market based on agriculture type, deployment model, service, and region:

Farm Management Software Agriculture Type Outlook (Revenue, USD Million, 2014 - 2025)

• Precision farming
• Livestock monitoring
• Smart greenhouse
• Others

Farm Management Software Deployment Model Outlook (Revenue, USD Million, 2014 - 2025)

• Web-based
• Cloud-based

Farm Management Software Services Outlook (Revenue, USD Million, 2014 - 2025)

• System integration & consulting
• Maintenance & support
• Managed services
  • Data services
  • Analytics services
  • Farm operation services
• Assisted professional services
  • Supply chain management services
  • Climate information services

Farm Management Software Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• South America
  • Brazil
• Middle East and Africa (MEA)

About Grand View Research

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

Supply Chain Analytics Market is Projected to Rise at a CAGR of 16.4% During The Forecast Period

The Report Supply Chain Analytics Market Analysis Report By Enterprise Size, By Service, By Deployment, By Solution, By End-use (High Technology Products, Manufacturing, Healthcare), And Segment Forecasts, 2018 - 2025

The global supply chain analytics market size is projected to reach USD 9.88 billion by 2025, according to a new study by Grand View Research, Inc., rising at a CAGR of 16.2% during the forecast period. Growing need to manage a large amount of business data and use derived insights is triggering the demand for supply chain analytics. Increasing awareness among enterprises regarding benefits offered by supply chain analytics is instrumental in accelerating the demand for analytic solutions in order to improve perceptibility levels across the entire supply chain enablers.

Supply chain analytics solutions can help enterprises achieve growth, enhance profitability, and increase market shares by utilizing derived insights for making strategic decisions. These solutions can also offer a holistic view of supply chain and help in enhancing sustainability, reducing inventory cost, and accelerating time-to-market for products in the long run.

Factors such as ineffective supplier networks, shortening product life cycles, elevated warehousing costs, redundant forecasts, low supply chain visibility, and fluctuating customer demands are also facilitating supply chain optimization, thereby driving the market.

Improved outcomes and cost-effectiveness of supply chain management resulting from the adoption of supply chain analytics is anticipated to encourage the adoption of these solutions in various end-use applications, such as retail & consumer goods, healthcare, and manufacturing. The ability of supply chain analytics to enable effective and efficient management of end-to-end supply processes is estimated to stimulate the growth of the market over the forecast period.

Access Research Report of Supply Chain Analytics Market@ www.grandviewresearch.com/industry-analysis/the-global-supply-chain-analytics-market

Further key findings from the study suggest:

• Sales & operations analytics was the leading solution segment in 2017 because of surging use of machine learning in supply chain analytics solutions to dissect and aggregate data and produce predictive, descriptive, and prescriptive insights. The segment is estimated to post a CAGR of 13.9% over the forecast period
• The professional segment is likely to dominate the supply chain analytics services market over the forecast period. Growing automation of professional services due to rising adoption of big data and analytics coupled with surging demand for improved mobility among service consultants is poised to escalate the growth of the segment
• Cloud deployment is expected to remain the most preferred method of deployment of supply chain analytics solutions. The cloud segment is projected to expand at a CAGR of 17.6% over the forecast period.
• The high technology product segment is anticipated to exhibit the highest CAGR of 19.4% over the forecast period
• The manufacturing segment is estimated to dominate the market throughout the forecast horizon as enterprises are trying to reduce the cost of supply chain as part of their efforts to reduce the overall product cost
• Accenture PLC; Aera Technology; Birst, Inc.; Capgemini SA; Genpact Limited; IBM; JDA Software Group, Inc.; Kinaxis; Lockheed Martin Corporation; Maersk Group; and Manhattan Associates, Inc. are some of the key market incumbents of the supply chain analytics market

Grand View Research has segmented the global supply chain analytics market based on solution, service, deployment, enterprise size, end use, and regions:

Supply Chain Analytics Solution Outlook (Revenue, USD Million, 2014 - 2025)

• Logistics Analytics
• Manufacturing Analytics
• Planning & Procurement
• Sales & Operations Analytics
• Visualization & Reporting

Supply Chain Analytics Service Outlook (Revenue, USD Million, 2014 - 2025)

• Professional
• Support & Maintenance

Supply Chain Analytics Deployment Outlook (Revenue, USD Million, 2014 - 2025)

• Cloud
• On-premise

Supply Chain Analytics Enterprise Size Outlook (Revenue, USD Million, 2014 - 2025)

• Large Enterprise
• Small & Medium Enterprises

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

• Retail & Consumer Goods
• Healthcare
• Manufacturing
• Transportation
• Aerospace & Defense
• High Technology Products
• Others

Supply Chain Analytics Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Photoelectric Sensors Market Industry Size, Driving Demands by 2025

The global photoelectric sensors market size is expected to reach USD 2.09 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.1% CAGR during the forecast period. These sensors are widely used in packaging and manufacturing industries as they offer numerous advantages such as cost effectiveness, long sensing distances, fast response time, and high resolution. These high-efficiency products are expected to witness an increase demand also owing to benefits such as low maintenance, long operating life, and low power consumption.

Rising penetration of Industrial Internet of Things (IIoT) is further expected to enhance market growth. This growth is attributed to numerous benefits, including maximizing asset utilization, improving productivity, and enhancing work safety. These devices help in connecting machines and devices to enhance efficiency, productivity, and operation of industrial facilities.

The photoelectric sensors market is anticipated to witness a considerable demand over the forecast period, which stems from industries such as healthcare, oil and gas, and military and aerospace across developed and developing countries.

Increasing government regulations pertaining to fuel emissions, along with increasing use of photoelectric sensors in automotive applications such as failure diagnostics, throttle control, contactless positioning sensing, and precision position measurement for better control, are key factors spurring market growth.

The emergence of smart photoelectric sensors is expected to drive market growth over the forecast period. This may be ascribed to several benefits such as reduced down time, lower cost, adaptability for self-calibration and compensation, fewer interconnections between multiple sensors and control systems, lower weight, and higher reliability.

Access Research Report of Photoelectric Sensors Market@ www.grandviewresearch.com/industry-analysis/photoelectric-sensors-market

Further key findings from the report suggest:

• The photoelectric sensors market was valued at USD 1.24  billion in 2016 and is projected to expand at a CAGR exceeding 6.0% over the forecast period. This is largely attributed to rising penetration of IIoT in industrial facilities
• By technology, the retro-reflective segment captured a major market share in 2016. The segment is also expected to grow at the highest rate over the forecast period owing to its capability to offer sturdy construction, low maintenance, and efficient detection of shiny and transparent objects
• The packaging industry as an end-use segment is expected to grow at the highest rate over the forecast period as these products are broadly adopted to detect transparent bottles, control conveyor positioning, and monitor product presence
• The Asia Pacific region is projected to witness substantial growth, exhibiting a CAGR exceeding 6.0% over the forecast period. This is owing to rising industrial automation and increasing government regulations in the developing economies of China, India, and Japan
• Key players such as Panasonic Corporation; Keyence Corporation; Rockwell Automation Inc.; Autonics Corporation; and Schneider Electric SE dominated the market in 2016, with a focus on increasing market presence through mergers and acquisitions.

Grand View Research has segmented the global photoelectric sensors market based on technology, end use, and region:

Photoelectric Sensors Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Diffused
• Retro-Reflective
• Thru-Beam

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

• Automotive
• Military & Aerospace
• Electronics & Semiconductor
• Packaging
• Others

Photoelectric Sensors Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Microfluidics Market to Hold a High Potential for Growth by 2027| Top Industry Leaders F. Hoffmann-La Roche Ltd; Fluidigm Corporation

The global microfluidics market size is expected to reach USD 31.6 billion by 2027, according to a new report by Grand View Research, Inc., registering an 11.3% CAGR over the forecast period. Demand for microfluidic-based devices is expected to surge owing to introduction of novel technologies such as digital microfluidics. These techniques allow on-chip biochemical analysis, thereby driving adoption.

Rise in the adoption of microfluidics for point-of-care diagnostics is expected to have a significant impact on market growth. Industry players such as Abbott, Roche, and Danaher have already incorporated this technology in their existing diagnostic devices and are exploring the scope of digital microfluidics. For instance, Philips’ Minicare I-20 handheld device provides accurate and rapid results for the diagnosis of heart attacks.

Large investments targeted toward the development of microfluidics and promoting their adoption are expected to create opportunities for the expansion for automated as well as miniature devices. For instance, according to an article published in 2018, there have been large-scale investments in “sample-to-answer” microfluidic automated testing in recent years.

Microfluidics has not only been proven beneficial in biological bench-work but also several medical and pharmaceutical applications, including diagnosis of infectious diseases and treatment of cancer. The technology aids in the fabrication of functional living tissues and artificial organs. Companies such as Abbott, Roche, Cepheid, and Becton, Dickinson and Company (BD) are integrating such technologies with in-vitro diagnostics (IVD). Samsung LABGEOPT10 and Abbott i-STAT are examples of single-step blood glucose testing assays that can work on a small sample volume (a single blood drop).

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

Further key findings from the study suggest:

• The medical/healthcare segment dominated the market by technology owing to rise in demand for new molecular diagnostic tests with enhanced sensitivities, shorter turnaround time, and increased accuracy at minimal costs
• PCR & RT-PCR were the largest revenue-generating medical technology in 2019 and the segment is expected to retain its lead throughout the forecast period. Digital PCR in combination with a microfluidic device allows a large amount of PCR reaction mix to be distributed into nanoliter-sized volumes automatically
• The organs-on-chips application segment is expected to register the fastest CAGR throughout the forecast period. The method can potentially reduce the failure rate in drug development pipelines, thereby reducing the time and money associated with drug development
• By material, polydimethylsiloxane (PDMS) accounted for the largest revenue share in 2019. The material is used to fabricate microfluidic-based devices because of its nontoxicity, robustness, optical transparency, permeability, biocompatibility, elastomeric features, and low cost.
• North America dominated the global microfluidics market in 2019 and is expected to retain its dominance over the analysis period. Local presence of leading players, availability of funds and research capital, and launch of novel sample volume screening technologies drives the North America market
• Asia Pacific is expected to witness the fastest growth owing to rise in aging population, demand for point-of-care diagnostic tests, and presence of academic institutions such as the Institute of Microchemical Technology (IMT), Japan, that are focused on microfluidic-based research
• Illumina, Inc.; PerkinElmer, Inc.; Agilent Technologies, Inc.; Danaher Corporation; Bio-Rad Laboratories, Inc.; Life Technologies Corporation; Abbott Laboratories; F. Hoffmann-La Roche Ltd; and Fluidigm Corporation are some of the key players operating in the global market

Grand View Research has segmented the global microfluidics market based on technology, application, material, and region:

Microfluidics Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Medical/Healthcare
  • PCR & RT-PCR
  • Gel Electrophoresis
  • Microarrays
  • ELISA
  • Others
• Non-Medical

Microfluidics Application Outlook (Revenue, USD Million, 2016 - 2027)

• Lab-on-a-chip
  • Medical
  • Non-Medical
• Organs-on-chips
  • Medical
  • Non-Medical
• Continuous flow microfluidics
  • Medical
  • Non-Medical
• Optofluidics and microfluidics
  • Medical
  • Non-Medical
• Acoustofluidics and microfluidics
  • Medical
  • Non-Medical
• Electrophoresis and microfluidics
  • Medical
  • Non-Medical

Microfluidics Material Outlook (Revenue, USD Million, 2016 - 2027)

• Silicon
• Glass
• Polymer
• PDMS
• Others

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

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

Healthcare Payer Services Market Poised to Expand at a Robust Pace of $69.2 Billion Over 2024

The global healthcare payer services market is anticipated to reach USD 69.2 billion by 2024, according to a new report by Grand View Research. The key factors driving the market include the increasing demand for streamlined business processes and better customer services through the adoption of cost effective strategies. 

The growing usage of advanced technologies to deliver economical business process services, rising adoption of digital technology, increasing focus on consumerism, and the presence of stringent healthcare regulatory policies are certain crucial factors boosting the healthcare payer services market in the coming years. Some of the key participants, such as Accenture, Cognizant, EXL, HP Development Company, L.P., Concentrix Corporation, and others, are primarily focusing on incorporating mobility technology with health plans to engage enrolled members. 

Moreover, the growing private healthcare insurance exchanges, increasing IT investments, and with the Affordable Care Act (ACA) in effect, the market is set to grow. The increasing demand to curb the overall administrative costs of member management services, increasing demand for cost effective solutions for the healthcare payer services, and the growing number of healthcare fraud cases are few determinants that are expected to propel the market growth over the forecast period. 

Some established players including United Healthcare, Inc., Anthem, Inc., Aetna, Inc., Accenture, Cognizant, Dell, HP Development Company, L.P., and Xerox Corporation are expanding their footprint through the implementation of various technologies such as digital technology and contract models. The technological advancements in the overall healthcare payer services system are anticipated to positively reinforce the market growth.  

Access Research Report of Healthcare Payer Services Market @ www.grandviewresearch.com/industry-analysis/healthcare-payer-services-market

Further Key Findings from the Study Suggest:

• In 2015, the BPO segment accounted for the maximum revenue share of 51.7%. The growing number of people enrolling for the insurance program, increasing pressure to bend the healthcare cost curve, and the rising implementation of ICD-10 codes are driving this segment’s growth. However, the KPO segment is expected to emerge as the fastest growing with a CAGR of 17.9%. Increasing demand for accurate claim resolution and the reduction of fraud incidences are some of the factors that are expected to drive the market over the forecast period.
• In 2015, North America was a clear leader with a revenue share of 77.31%. The growing insurance enrollment, lack of low-cost skilled professionals, and the increasing demand for an integrated healthcare system are accountable for the large market share captured by this segment.
• Asia Pacific is expected to emerge as the fastest growing region with a CAGR of 10.8% during the forecast period. The Southeast Asian region is one of the major outsourcing destinations in the world. The region includes Malaysia, Singapore, Vietnam, Philippines, India, China, and many more, which are predominately involved in carrying out outsourcing activities. The presence of skilled workforce to provide high-end process services, such as software development and application development management, is one of the prominent factors driving the Asia Pacific healthcare payer services market in the coming years.
• The healthcare payer services market is presently dominated by few key participants, such as United Healthcare, Inc., Anthem, Inc., Aetna, Inc., Cigna, Humana, Inc., Accenture, Xerox Corporation, Genpact, IBM Corporation, and Cognizant. The healthcare payer services players initiate merger & acquisition and corporate development strategies primarily to further expand their reach in various other verticals. For instance, Wipro Limited had acquired HealthPlan Services for approximately USD 460 million to diversify its health insurance product portfolio. 

Grand View Research has segmented the healthcare payer services market by outsourcing services, application, end use, and region: 

Healthcare Payer Services Market Outsourcing Services Outlook (Market revenue in USD Billion, 2013 - 2024)

• BPO
• KPO
• ITO

Healthcare Payer Services Market Application Outlook (Market Revenue in USD Billion, 2013 - 2024)

• Claims Management Services
• Integrated Front Office Service and Back Office Operations
• Member Management Services
• Provider Management Services
• Billing and Accounts Management Services
• Analytics and Fraud Management Services
• HR Services

Healthcare Payer Services Market End-use Outlook (Market Revenue in USD Billion, 2013 - 2024)

• Private Payer
• Public Payer

Healthcare Payer Services Market Regional Outlook (Market Revenue in USD Billion, 2013 - 2024)

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

Demand for Transcatheter Heart Valve Market to Incur Considerable Upsurge During 2013 – 2024

The global transcatheter heart valve market is anticipated to reach a value of USD 8.62 billion by 2024, according to a new report by Grand View Research, Inc. The market is currently under-penetrated as these products are approved only for geriatric patients who cannot undergo normal valve surgeries. Growth drivers such as increasing prevalence of chronic cardiovascular diseases, increasing economic development, improvement in reimbursement scenario, and faster adoption of new technologies are expected to significantly improve the usage rates over the forecast period.

The transcatheter heart valve market is evolving rapidly due to the continuous investments in R&D by the key market players such as Edwards Life Sciences, Medtronic, St. Jude, and Boston Scientific. The technologically advanced products such as the SAPIEN 3 transcatheter heart valve and the TRINITY Valve are designed to reduce the surgical complications and improve patient compliance. For instance, the TRINITY TAVI system enables easy retrieval and repositioning of the device, without compromising on patient safety and treatment outcomes.

Furthermore, the market is expected to experience strong tailwinds on account of growing investor interest, lucrative product pipeline, faster regulatory approvals, and high competition to acquire potential start-ups. For example, some of the notable investments in the market include the USD 37 million funding of Venus MedTech by Goldman Sachs. In line with the market trends, the other market participants such as Boston Scientific, Edward Life Sciences, and Medtronic have also increased their investments to develop new products for management of mitral valve regurgitation and tricuspid valve replacements.

Access Research Report of Transcatheter Heart Valve Market @ www.grandviewresearch.com/industry-analysis/transcatheter-valve-market

Further Key Findings from the Study Suggest:

• Aortic stenosis is the most prevalent valve disease, and if untreated it can lead to death. In 2015, transcatheter aortic valve segment accounted for the maximum revenue of over USD 1.6 billion and is expected to retain its dominant share over the forecast period.
• However, the transcatheter mitral valve segment is expected to emerge as the fastest growing with a CAGR of 23% over the forecast period. Increasing number of elderly patients with mitral regurgitation and growing demand for technologically advanced transcatheter valve devices are expected to drive the usage of transcatheter mitral valves over the forecast period.
• In 2015, the self-expanded transcatheter accounted for the largest market share of 65%. These catheters are most commonly used and, currently, most of the products that are available in the market are based on this technology. However, balloon expanded transcatheters are expected to have the fastest CAGR of 16.8% over the forecast period.
• North America held the maximum share of nearly49% in 2015. A combination of different factors such as the presence of large target population, high disposable income, strong reimbursement framework, contribute toward the high revenue generated in this region.
• Asia Pacific is anticipated to register the fastest CAGR of 17.8% over the forecast period. Increasing disease burden, improvement in clinical trial regulations, growing preference for advanced medical technologies, increase in medical tourism, and special incentives for investments in healthcare sector are expected to strongly favor the growth in this region.
• Some key market players Boston Scientific Corporation, Bracco Group, Braile Biomedica, Direct Flow Medical, Edwards Lifesciences, JenaValve, St. Jude Medical, Symetis. ValveXchange, Edwards Lifesciences, and Medtronic are the early movers in this market have captured significant market share in the North America, Europe, and the Asia Pacific region.

Grand View Research has segmented the transcatheter heart valve market by application, technology and region:

Transcatheter Heart Valve Market Application Outlook (Market revenue in USD Million, 2013 - 2024)

• Transcatheter aortic valve
• Transcatheter pulmonary valve
• Transcatheter mitral valve

Transcatheter Heart Valve Market Technology Outlook (Market revenue in USD Million, 2013 - 2024)

• Balloon expanded transcatheter valve
• Self-expanded transcatheter valve

Transcatheter Heart Valve Market Regional Outlook, (Market Revenue in USD Million, 2013 - 2024)

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

About Grand View Research

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

Medical Animation Market to Witness a Pronounce Growth During the Forecast Period| Key participants Nucleus Medical Media; Radius Digital Science

The global medical animation market is expected to reach a value of USD 514.0 million by 2024, according to a new report by Grand View Research. Key factors driving the market growth include the higher adoption of medical animation marketing by medical devices manufacturers and pharmaceutical products. It helps in explaining product features and communicating associated information with end users. 

The information represented by animation is more appealing and easy to transmit. These aforementioned benefits are expected to boost the usage rate in near future. In addition, the paradigm shift, in healthcare information technology, such as digitalization, is anticipated to contribute towards the market growth in the next few years. The medical animation market has gained momentum after the introduction of cloud-based platforms and 3D printing technology in healthcare. 

Furthermore, the introduction of technologically advanced software for image analysis, such as Medical Image Processing, Analysis, and Visualization can be attributed to the market growth. This application enables researcher from remote sites share valuable information and analyze the research data to detect, monitor, and treat medical disorders.  Medical animation is a versatile tool for communicating complex scientific procedures in an interactive manner and used in a variety of business aspects such as marketing, web presentations, social media, tradeshows and advertising. Increasing adoption of this technology is expected to serve as a potential growth driver in the future. 

The increasing investment by private and public sector, growing geriatric population coupled with increasing demand for computer-aided diagnostics, and incidence of chronic diseases are major factors fueling the increasing usage rates of this technology. In addition, this technology found application in various sectors, for instance; it helps healthcare professionals explain human body metabolism to patients, which helps in reducing patient’s anxiety level and educates them about various disease condition.  

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

Further Key Findings from the Study Suggest:

• Flash animation is expected to be one of the most lucrative segment in near future due to increasing demand for patient engagement by healthcare professionals. On the other hand, 3D animation found application in clinical research studies, improving patient education, and simplifying complex procedures in bioscience studies by representing them into an animated form
• Growing demand for technologically advanced medical animation solutions is expected to contribute towards the growth of 3D animation during the forecast period
• In 2015, the drug mechanism of action segment accounted for the largest revenue share. The use of animation for explaining drug interactions and metabolic studies in new drug development are key contributing factors for this segment growth. This technology is used in animating preproduction, full production and post production process of drug molecules
• However, the patient education segment is expected to emerge as the fastest growing segment as awareness levels amongst patients, introduction of user-friendly apps and concerns related to health information are increasing. For instance, introduction of 3D medical application such as complete anatomy in November 2015 by 3D4 medical used for anatomical studies
• Currently, oncology segment dominates the market and is expected to be the fastest growing therapeutic area using this technology. Increasing incidence of cancer worldwide is a key contributing factor for growing demand of medical animation studies to explain disease mechanisms to patients
• For instance, XVIVO, showcased animation software at the American Society of Clinical Oncology (ASCO) and also helped in the depiction of mechanism of action of Bavituximab, an investigative drug, believed to strengthen the immunity system in cancerous environment
• Other end users of this market are life science companies, medical device manufactures, government authorities, forensic department, medico-legal firms, and insurance provider companies. This segment is expected to grow at fastest CAGR due to wide usage of 3D bioprinting and biosimulation studies in these fields
• For example, in forensic studies, a medical animation is used to elaborate crime scene and medico-legal firms use 3D animation to explain pain management procedures, surgical techniques, and presenting anatomical studies. There are various surgical and clinical audiovisual animation studies available online
• Asia Pacific is expected to be the fastest growing region during the forecast period. The growing geriatric population, increase in the chronic diseases, and ongoing development in healthcare sector is the factors anticipated to provide future growth platform for this industry in the next 7 years
• In addition, rising outsourcing activities in this region due to availability and low cost of labor are anticipated to propel segment growth over the forecast period. For example, in India, the cost of medical animation services is 20% to 25% lower than the U.S. and Europe
• The medical animation market is experiencing high competition as there are many small and big organization that offer these services. Introduction of low-cost software solutions for medical simulation is expected to boost the competition and is also expected to benefit several end users over the forecast period
• Companies are involved in adopting sustainable strategies to gain competitive edges such as new product launch, product up gradation and collaborative agreements. For example, In April 2016, Fusion medical animation launched biotech brand services aimed at designing and developing innovative visuals for better understanding of complex products The aforementioned factors keeps the market rivalry at higher level 

Grand View Research has segmented the medical animation market by type, application, therapeutic area, end-use and region: 

Medical Animation Market Type Outlook (Market revenue in USD Million, 2013 - 2024)

• 3D Animation
• 2D Animation
• 4D Animation
• Flash Animation

Medical Animation Market Application Outlook (Market Revenue in USD Million, 2013 - 2024)

• Drug MoA
• Patient Education
• Surgical Training & Planning
• Cellular & Molecular Studies
• Others

Medical Animation Stationary Therapeutic Area Outlook (Market Revenue in USD Million, 2013 - 2024)

• Oncology
• Cardiology
• Plastic Surgery
• Dental
• Others

Medical animation Market End-use Outlook (Market Revenue in USD Million, 2013 - 2024)

• Hospitals
• Life sciences
• Academic institute
• Medical device manufactures
• Others

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

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and 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.