Real-Time Payments Market to Grow at CAGR of 29.3% from 2019 to 2025: Grand View Research Inc.

 Real-Time Payments Market Size, Share & Trends Analysis Report By End-use Industry, By Nature of Payment (P2B, B2B, P2P), By Enterprise Size (Large, SME), By Component, By Deployment, And Segment Forecasts, 2019 - 2025

The global real-time payments market size is estimated to reach at USD 39.02 billion by 2025 registering a CAGR of 29.3%, according to a new study by Grand View Research, Inc. Real-time payments are digital/electronic payments that allow the immediate transfer of funds in real time through a secured payment gateway. Growing e-commerce sector and adoption of smartphones coupled with the rising need for fast and convenient payment solutions in large and Small & Medium Enterprises (SMEs), are anticipated to fuel the RTP market expansion.

The real time payments infrastructure can significantly enhance the payments’ stakeholders experience of disbursements and refunds – a frequent issue for merchants and consumers alike as card refunds generally take at least a few days to process and clear. Real-time payments solutions are being widely adopted across various industries, such as retail and e-commerce, BFSI, and IT & telecom, owing to their benefits in terms of speed, security, and transparency. Rising demand for advanced analytics for payment-related data from merchants and corporate users is also driving the market.

Moreover, availability of advanced online payment systems, such as Google Pay, Apple Pay, and Samsung Pay, and rising adoption of such solutions by large e-commerce retailers are expected to lead the market growth over the forecast period. Additionally, favorable government initiatives about digital payments across emerging economies, such as India, and China, are estimated to create significant opportunities for market entrants. The Asia Pacific market is anticipated to witness a significant expansion over the forecast period due to increasing e-commerce sales and adoption of smartphones.

Key companies in the market focus on M&A to enhance their product portfolios, expand geographical presence, and consumer base to deliver RTP solutions across various industries. For instance, in June 2016, MasterCard Inc. acquired VocaLink Holdings Ltd. (92.4% stakes) for a deal worth USD 920 million, which allowed MasterCard to strengthen its role in the U.K. payments ecosystem. However, growing cybersecurity concerns and lack of network interoperability among multiple payment-related schemes, such as Automated Clearing House (ACH) and Society for Worldwide Interbank Financial Telecommunications (SWIFT), could hamper the market growth.

Access Research Report of Real-Time Payments Market @ https://www.grandviewresearch.com/industry-analysis/real-time-payments-market

Further key findings from the study suggest:

• The Asia Pacific regional market accounted for the largest share in the past and is anticipated to witness the highest CAGR over the forecast period
• This growth can be attributed to the increasing number of new instant payment providers and government initiatives to promote digital payments
• Retail and consumer goods industry held the largest market share in the past and is expected to register the maximum CAGR during the forecast years
• This growth is mainly due to high demand for instant payment solutions from of large- and small-sized e-retailers and merchants
• Prominent companies in the market are Finastra; MasterCard, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Fiserv, Inc.; ACI Worldwide, Inc.; and Visa, Inc.
• These companies focus more on M&A to enhance product and services portfolios and expand regional presence

Grand View Research has segmented the global real-time payments market on the basis of nature of payment, component, deployment, enterprise size, end-use industry, and region:

RTP Nature of Payment Outlook (Revenue, USD Million, 2015 - 2025)

• P2B
• B2B
• P2P
• Others

RTP Component Outlook (Revenue, USD Million, 2015 - 2025)

• Solutions
• Services

RTP Deployment Outlook (Revenue, USD Million, 2015 - 2025)

• On-Premises
• Cloud-Based

RTP Enterprise Size Outlook (Revenue, USD Million, 2015 - 2025)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

RTP End-use Industry Outlook (Revenue, USD Million, 2015 - 2025)

• Retail & E-Commerce
• BFSI
• IT & Telecom
• Travel & Tourism
• Healthcare
• Government
• Energy & Utilities
• Others

RTP Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• South America
• MEA (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.

Smart Robots Market Size Is Anticipated To Reach USD 16.46 Billion by 2025: Grand View Research Inc.

 The Report Smart Robots Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Application, By End Use (Industrial, Commercial, Residential), By Vertical, By Region, And Segment Forecasts, 2018 - 2025

The global smart robots market size is anticipated to reach USD 16.46 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 22.4% over the forecast period. Factors such as increasing adoption of autonomous robots for carrying out iterative tasks, rapid technological developments in robotics, and increasing investments in industrial automation have boosted the adoption of smart robots in various end use segments.

Smart robots are commonly used for performing various tasks in field applications, metal fabrication, packaging and palletizing, among others. These robots perform tasks independently as well as can work with humans in various manufacturing and maintenance operations. Smart robots are widely used in industries such as automotive and manufacturing to enhance productivity and to reduce labor cost. In addition, benefits such as minimal accidents and higher accuracy are driving the market growth.

The introduction of smart collaborative robots and Artificial Intelligence (AI) enabled systems with enhanced reliability and accuracy is expected to drive growth of the smart robots market over the forecast period. Numerous companies such as Fanuc Corporation, ABB Ltd., and Yaskawa Electric Corporation, among others, are implementing advanced robotics technologies for versatile end-use applications. This factor is anticipated to further boost the market expansion in the forthcoming years.

The industrial robot segment is anticipated to witness substantial growth in near future owing to their wide adoption in process automation in various industries. Increasing investment in industrial automation has boosted the adoption of smart robots among packaging, manufacturing, and material handling among other industries. Moreover, rising adoption of Internet of Things (IoT) and Artificial Intelligence (AI) has also encouraged end users to implement the smart robotics technology.

The market for smart robots is expected to witness volatility owing to mergers and acquisitions, high competition, and presence of new as well as well-established participants. In August 2016, Panasonic Corporation acquired OpenSynergy GmbH, a German software company. OpenSynergy is a high-tech company specializing in embedded automotive software for cockpit solutions. This acquisition is expected to enhance its business in the automotive sector.

Access Research Report of Smart Robots Market@ https://www.grandviewresearch.com/industry-analysis/smart-robots-market

Further key findings from the study suggest:

• Demand for smart robots has increased over the years owing to benefits such as automation, safety, cost reduction, and reliability
• Governments across the globe are promoting industrial automation to improve productivity
• The Asia Pacific region is projected to witness remarkable growth over the forecast period owing to increasing application of smart robots in manufacturing and automotive industries
• The market is expected to grow at exponential pace as numerous diverse applications come to light and different types of niche products including application specific robots are commercialized
• Key players in the smart robots market include ABB Ltd., Kuka AG, iRobot Corporation, and Fanuc Corporation, among others.

Grand View Research has segmented the global smart robots market based on component, application, end use, vertical, and region:

Smart Robots Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Service

Smart Robots Application Outlook (Revenue, USD Million, 2014 - 2025)

• Industrial Robots
• Service Robots

Smart Robots End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Industrial
• Commercial
• Residential

Smart Robots Vertical Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Healthcare
• Manufacturing
• Food & Beverages
• Retail
• Energy & Utility
• Others

Smart Robots Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

About Grand View Research

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

Digital Twin Market Estimated to Experience a Hike in Growth by 2025: Grand View Research Inc.

 Digital Twin Market Growth & Trends

The global digital twin market size is expected to reach USD 26.07 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a strong CAGR of 38.2% over the forecast years. Digital twin is a dynamic digital replica of a product, process, system, or facility, which can be used for various purposes including creating a sustainable environment and ensuring a better digital experience for customers. Such digital replicas can imitate real-world situations and help in optimizing systems and processes, examining products, and monitoring the performance and condition of machines, among others.

Digital twin technology is gaining traction owing to its potential to bridge the gap between the physical world and the virtual world. The global market is expected to grow significantly over the forecast period in line with the growing adoption of the Internet of Things (IoT) and big data analytics. Other factors responsible for this growth include rising need for cost-efficient operations, optimizing the processes, and reducing the Time to Market (TTM). At the same time, the way digital twins are created would continue to evolve in line with the innovations in the field of Virtual Reality (VR) and Augmented Reality (AR), thereby boosting the growth of the market.

Healthcare and life sciences, aerospace and defense, automotive and transport, manufacturing, and energy and utilities are some of the key end-use industries for the digital twin technology. Incumbents of these industries are particularly adopting the technology to enhance efficiency, augment productivity, ensure cost-efficient operations, and streamline the processes. For instance, hospitals can create a digital twin of their systems as part of the efforts to gauge the impact of any prospective changes to their systems and ensure a safer environment. Similarly, a surgeon can create a digital twin of the heart and study it before performing a surgery. The technology is also helping companies in adopting lean manufacturing.

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Digital Twin Market Report Highlights

• Growing adoption of the digital twin technology in various industries, such as automotive and transport and agriculture, is the major growth-driving factor for the global market
• Digital twin incorporates Artificial Intelligence (AI), big data, Machine Learning (ML), and IoT, among others
• This helps the end-use industries in accessing the technology more easily and implementing it cost-effectively, thereby supporting market growth
• The manufacturing segment accounted for more than 20.0% of the global market share in 2017 and is expected to witness a strong CAGR over the forecast period
• North America and Europe together accounted for more than 50% of the market share in 2017 on account of high adoption of industrial IoT and the presence of developed infrastructure in these regions
• Prominent companies in the digital twin market include ABB Group; Hexagon Geosystems AG; PTC, Inc.; Dassault Systèmes; AVEVA Group plc; SAP SE; Schneider Electric SE; and Siemens AG. Most of these companies are investing in R&D to maintain their position in the global market

Digital Twin Market Segmentation

Grand View Research has segmented the global digital twin market on the basis of end use and region:

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

• Manufacturing
• Agriculture
• Automotive & Transport
• Energy & Utilities
• Healthcare & Life Sciences
• Residential & Commercial
• Retail & Consumer Goods
• Others

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

• North America
  • The U.S.
  • Canada
• Europe
  • The U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

About Grand View Research

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

Electric Vehicle Range Extender Market Expected To Hit CAGR of 10.2% By 2025: Grand View Research Inc.

 The Report Electric Vehicle (EV) Range Extender Market Size, Share & Trends Analysis Report By Product, By Vehicle (Passenger, Commercial), By Component (Battery Pack, Power Converter), And Segment Forecasts, 2018 - 2025

The global EV range extender market demand is estimated to reach 494,083 units by 2025 at a 10.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. An electric vehicle (EV) range extender is an external system that helps increase vehicle range to support long-distance travel. Robust growth in adoption of fully electric passenger and commercial vehicles to reduce CO₂ emissions, coupled with extendable range and high-performance capabilities, are expected to propel market growth.

The automotive industry is considered to be the largest consumer of oil in the world, contributing to high pollution levels globally. Governments across various countries have imposed stringent regulations on automobile manufacturers to produce low/zero emission vehicles to help reduce carbon footprint.

Besides this, governments of developing countries such as China and India are providing subsidies to promote the adoption of electric vehicles. For instance, in August 2018, the Indian government announced to offer a subsidy of around 20% on purchase of new electric vehicles. However, low mileage range of EVs can be a major concern for consumers as it limits the distance traveled. To overcome this, key manufacturers such as BMW Group, General Motors, Volvo Car Corp., and Mahle Group have launched EV range extender solutions that help increase battery capacity to support long distance traveling. This has had a positive impact on market growth.

In an attempt to increase their market share and improve overall profitability, key automobile manufacturers are focused on integrating range extenders into their new EV models. For instance, BMW Group launched the BMW i3 EV integrated with a range extender solution, which enables consumers to drive longer distances. In 2016, Nissan Motors Co. Ltd. launched LEAF, an e-powered hybrid vehicle, in several APAC countries.

Key market players are also investing significant funds in R&D activities to develop innovative range extender products to extend driving range and improve battery efficiency, along with reducing overall battery price. However, increasing focus of OEMs to incorporate range extender technology in upcoming EV models, coupled with increasing trade conflicts between China and U.S., may hinder market growth over the forecast period.

Access Research Report of EV Range Extender Market @ https://www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-range-extender-market

Further key findings from the study suggest that:

• North America accounted for the largest market share in 2017. The regional market will witness growth with some large market players such as General Motors Co. and Magna International Inc. offering ICE and fuel cell range extenders
• European governments are actively offering several rebates and subsidies to boost adoption of EVs. However, there is a lack of charging infrastructure as against rising EV sales, which is expected to propel demand for EV range extenders
• Governments across the globe are continuously investing in enhancing public transport infrastructure, thereby driving adoption of electric commercial vehicles. Deployment cost of range extenders is lower than the cost involved in setting up a charging infrastructure
• Key market players are collaborating with EV manufacturers to develop new innovative technologies that will offer alternative range extender solutions as well as incorporate range extenders in new vehicle models.

Grand View Research has segmented the global EV range extender market on the basis of product, vehicle, component, and region:

EV Range Extender Product Outlook (Volume, Units, 2015 - 2025)

• ICE range extender
• Fuel cell range extender
• Others

EV Range Extender Vehicle Outlook (Volume, Units, 2015 - 2025)

• Passenger vehicles
• Commercial vehicles

EV Range Extender Component Outlook (Volume, Units, 2015 - 2025)

• Battery pack
• Generator
• Power converter
• Electric motor

EV Range Extender Regional Outlook (Volume, Units, 2015 - 2025)

• North America
• Europe
• Asia Pacific

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.

Telecom Electronic Manufacturing Services Market is Anticipated to Expand at a CAGR of 7.0% during the Forecast Period: Grand View Research Inc.

 The global telecom electronic manufacturing services (EMS) market size is likely to reach USD 230.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. IoT is the next key trend and is estimated to support the telecom industry in terms of revenue generation and infrastructure expansion, which is subsequently estimated to drive the market over the forecast years. Furthermore, mobile connectivity has improved tremendously over the past few years and penetration of wireless devices has witnessed healthy growth over the years. This trend is poised to continue over the next few years and positively impact the telecom EMS market growth.

With such unprecedented growth in the telecom world, players are often challenged to keep pace with their products as well as service offerings. However, with changing market dynamics in the telecom sector and growing focus on offering higher customer value, equipment vendors are aiming to make it big in the service offering field. Thus, the industry has been experiencing a shift toward outsourcing activities. This is, in turn, stoking the growth of the market.

Access Research Report of Telecom EMS Market@ https://www.grandviewresearch.com/industry-analysis/telecom-electronic-manufacturing-services-ems-market

Further key findings from the report suggest:

• The global telecom EMS market is mainly driven by need to reduce overall costs while being competitive in international markets. Additionally, need to reduce operating and manufacturing costs is playing a pivotal role in stimulating market growth
• In 2016, the electronic manufacturing service segment lead the market with over 45.0% share, owing to the fact that global telecom players demand assistance in designing, implementing, manufacturing, and testing of equipment on a large-scale
• The electronic design and engineering segment is projected to witness a CAGR close to 9.0% from 2017 to 2025. Advancements in technology are making it necessary for firms to subcontract design and engineering services to cope with ever-changing dynamics associated with technological developments and innovations
• Asia Pacific is expected to dominate the market throughout the forecast horizon. Increasing electronics production in the Southeast Asia region, supported by incentives and funding from a few electronic giants, is one of the primary growth stimulants for the market in the region
• The telecom electronic manufacturing services market is well-diversified. Companies focus on offering a wide range of services, thus enabling OEMs to focus on their core competent businesses. Key players in the industry include Benchmark Electronics, Inc.; Flex, Ltd.; Plexus Corp; and Jabil Circuit, Inc.

Grand View Research has segmented the global telecom EMS market on the basis of services and region:

Telecom EMS Service Outlook (Revenue, USD Billion, 2015 - 2025)

• Electronic design & engineering
• Electronics assembly
• Electronic manufacturing
• Supply chain management
• Others

Telecom EMS Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• South 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.

Smart Speakers Market Expected to Witness a CAGR of 38.7% through 2025: Grand View Research Inc.

 The Report Smart Speakers Market Size, Share & Trends Analysis Report By Virtual Personal Assistant (Amazon Alexa, Google Assistant, Apple Siri), By Region, And Segment Forecasts, 2018 - 2025

The global smart speakers market size is expected to reach USD 39.3 billion by 2025 at a 38.7% CAGR over the forecast period, according to a study conducted by Grand View Research, Inc. The ability of a smart speaker to function as a centralized hub that can adequately control other smart home devices is expected to increase their popularity among consumers.

The market is anticipated to witness significant growth over the forecast period owing to various technological advancements. One of the recent technological advancements is Echo Look, launched by Amazon in June 2018. Echo Look is integrated with a camera and programmed to function as a fashion advisor by capturing user’s images. Similarly, in March 2017, Google announced its strategy to incorporate smart displays in their speakers. The Google Assistant Smart Displays can be used to watch recipes, refer to Google maps, and shop online with the visual aid of a screen.

Furthermore, increasing penetration of broadband services, coupled with growing integration of AI technologies, is anticipated to bolster the smart speakers market over the forecast years. Another key factor driving the market is price differentiation. Various smart speaker providers offer their products at varied costs to maintain consumer preferences toward their products.  Additionally, smart speakers are expected to be the fastest-growing products among other smart devices included in the consumer electronics portfolio.

Despite growing consumer interest in smart speakers, data security and privacy continue to be primary concerns. These devices gather personal information pertaining to contact details, bank account number, and login credentials from Google Home, which has access to Gmail where users store their personal details. These security concerns may hinder market growth. However, with development of security compliances, the market is expected to overcome this challenge and exhibit an upward growth trend.

Access Research Report of Smart Speakers Market @ https://www.grandviewresearch.com/industry-analysis/smart-speakers-market

Further key findings from the study suggest:

• Amazon Alexa dominated the market in 2017 and is expected to register a CAGR of more than 19.0% over the forecast years. This growth is ascribed to its massive popularity among consumers and its advanced features such as machine learning and semi-supervised learning techniques
• Several emerging players are entering into collaborations with existing participants to enhance their market presence. For instance, in July 2018, Pioneer Electronics announced its partnership with Amazon, Inc. to introduce Elite Smart Speaker F4 (VA-FW40) enabled with Amazon Alexa voice assistant. Pioneer Electronics is engaged in providing home entertainment products
• The smart speakers market is marked by presence of industry participants such as Apple, Inc.; Amazon; Google; and Xiaomi. These players incorporate effective strategies to maintain their presence and gain popularity among users. For instance, after Amazon introduced its smart speaker in U.S., Xiaomi, Chinese electronics giant, introduced its smart speakers and is currently one of the pioneers in the consumer electronics market. The company holds more than 5% share in the smart speakers market.

Grand View Research has segmented the global smart speakers market based on virtual personal assistants (VPA) and region:

Smart Speakers Virtual Personal Assistant Outlook (Volume, Million Units; Revenue, USD Million, 2015 - 2025)

• Amazon Alexa
• Google Assistant
• Apple Siri
• Others

Smart Speakers Regional Outlook (Volume, Million Units; Revenue, USD Million, 2015 -  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.

Airport Security Market Size, Share, Trends, Analysis And Growth Forecast To 2022: Grand View Research Inc.

 Airport Security Market Growth & Trends

The global airport security market size is expected to reach USD 12.70 billion by 2022, according to a new report by Grand View Research, Inc. National security is of vital importance at critical infrastructures such as airports. In recent years, the policy and aim of many authorities has shifted from potential threat identification to deploying measures that prevent infiltration of any type of threats into the infrastructure. Demand for quicker and efficient screening has culminated in the design and development of advanced screening systems that are being employed worldwide.

The rapid pace of new construction activity at airports and need to streamline security screening process in order to minimize waiting time for passengers also serve as key drivers for market growth. However, economic turmoil and lack of funds for public spending new development and construction, as well upgrade of existing airports. In addition, effectiveness of existing security equipment in combating threats and lack of a tangible return on investment has discouraged operators from purchasing new technology solutions. Existing retrofits and shift towards automated security solutions as an alternative to human labor is expected to provide market growth opportunity over the coming years

International and domestic legislations have fueled the procurement of security technologies. Organizations such as the TSA and European Civil Aviation Conference (ECAC) establish security standards and oversee their adherence. Airports are subjected to numerous threats including robbery, arson, cyber-crime, terrorism, and vandalism. Terrorist attacks are the most critical threat in public view; therefore, technologies enabling security are of prime importance for ensuring public safety.

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Airport Security Market Report Highlights

• Cyber security solutions are expected to witness fastest market growth over the forecast period owing to technology trends such as IoT, Big Data, cloud storage and adoption of smart solutions. Airport screening systems continue to dominate the industry with over 45% revenue share in 2014.
• North American airport security market accounted for about 35% of the overall share in 2014 owing to the presence of key players in the region coupled with a large number of new construction and upgrade activity. Government spending and regulatory mandates continue to drive growth across regions
• The global airport security market is diversified and competitive in nature. A large number of companies specialize in the provision of unique solutions from screening to cyber security. The global airport security screening market is consolidated in nature; key vendors including Safran Morpho, Smiths Detection, L-3, OSI Systems (Rapiscan) and American Science & Engineering accounted for around 50% of the overall share in 2014.

Airport Security Market Segmentation

Grand View Research has segmented the airport security market on the basis of technology and region:

Airport Security Technology Outlook (Revenue, USD Million, 2012 – 2022)

• Access control
• Cyber security
• Perimeter security
• Screening
• Surveillance
• Others

Airport Security Regional Outlook (Revenue, USD Million, 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.

Europe Breast Pumps Market to Mark a Highest CAGR of 7.9% Through 2025: Grand View Research Inc.

 The Report Europe Breast Pumps Market Size, Share & Trends Analysis Report By Product (Open, Closed), By Technology (Manual, Electric), By Application (Personal, Hospital), And Regional Segment Forecasts, 2019 - 2025

The Europe breast pumps market size is expected to reach USD 676.53 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.9% during the forecast period. Increasing women employment, government initiatives aimed at improving consumer awareness, and improving healthcare infrastructure in emerging economies are the key driving factors.

Europe breast pumps market in developed economies, such as Germany, France, and Poland is saturated owing to increasing demand and presence of key market players. Economic development and rising disposable income are anticipated to help driving future sustainability for the regional market. Manufacturers investing in these rapidly developing markets are expected to witness high growth, provided pricing and distribution activities are undertaken effectively.

The end users in the Europe breast pump market, i.e. the lactating mothers, are becoming increasingly aware about the benefits and importance of breastfeeding. Increase in women employment and neonatal mortality rate is driving the adoption of advanced medical technologies in everyday lives of the consumers in this region. For instance, as per Global Economy, women employment rate in Germany increased from 54.51% in 2014 to 55.03% in 2017. Women in developed countries such as Germany and Poland are using technologically advanced devices in their everyday lives to reduce the time spent on routine activities. Such factors are anticipated to drive the regional market.

Access Research Report of Europe Breast Pumps Market @ https://www.grandviewresearch.com/industry-analysis/europe-breast-pumps-market

Further key findings from the report suggest:

• In terms of revenue, closed system segment is projected to ascend at the fastest CAGR over the forecast period. Ease of usage and better safety than the open system breast pumps can be attributed to the segment growth
• Electric breast pumps commanded the highest market share in 2017 and is expected to witness the fastest growth over the forecast period owing to the increase in inclination towards technologically advanced products
• Hospital grade breast pumps are expected to witness the fastest growth owing to the rising awareness regarding the benefit of breastfeeding and high employment rate among women
• Some of the key companies present in the Europe breast pumps market are Ameda; Energizer Holdings, Inc.; Medela AG; Koninklijke Philips N.V.; Büttner-Frank GmbH; and Pigeon Corporation.

Grand View Research has segmented the Europe breast pumps market on the basis of product, technology, application, and region:

Europe Breast Pump Product Outlook (Volume, Units; Revenue USD Million, 2014 - 2025)

• Open System
• Closed System

Europe Breast Pump Technology Outlook (Volume, Units; Revenue USD Million, 2014 - 2025)

• Manual
• Battery Powered
• Electric

Europe Breast Pump Application Outlook (Volume, Units; Revenue USD Million, 2014 - 2025)

• Personal Use
• Hospital Grade

Europe Breast Pump Country Outlook (Volume, Units; Revenue USD Million, 2014 - 2025)

• Greece
• Italy
• Germany
• Poland
• France

About Grand View Research

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

Ophthalmic Packaging Market Set to Record Exponential Growth by 2026: Grand View Research Inc.

 Ophthalmic Packaging Market Growth & Trends

The global ophthalmic packaging market is expected to reach USD 15.20 billion by the end of 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a 9.9% CAGR over the forecast period.  Increasing global burden of ocular conditions and growing number of ophthalmic clinics, hospitals, and ambulatory care centers are the factors driving the market growth. Additionally, frequent introduction of new drug delivery systems and high demand for advanced packaging solutions is expected to fuel the market during forecast period.

Increasing healthcare expenditure and rising disposable income are some of the prominent factors that are expected to drive a lot of patients towards advanced ophthalmic care. Furthermore, growing number of advanced healthcare facilities such as eye hospitals and ophthalmic clinics across several regions and increasing awareness about preventive care, ocular disorders and self-medications are some of the factors expected to aid to the market growth.

Increasing geriatric population coupled with age related ocular disorders is expected to increase the demand for ophthalmic products. Furthermore, the improving reimbursement policies for ocular surgeries including cataract & eye implants and increasing awareness about ocular disorders and treatment options is expected to drive the market growth.

The government and non-government initiatives such as ocular screening program and national healthcare program is expected to increase the accessibility to ophthalmic healthcare. Furthermore, the initiatives such as “economical free trade zone” & reducing approval time for establishment of facilities will contribute to the establishment of new ophthalmic manufacturing facilities that is expected to increase the demand for the packaging materials over the forecast period.

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Ophthalmic Packaging Market Report Highlights

• Multiple dose ophthalmic packages held the largest market share in 2018 and expected to grow at a significant rate over the forecast period. Increasing usage of multiple dose packaging in OTC preparations coupled with growing prevalence of common ocular disorders such as red eyes, dry eyes, and conjunctivitis are the major factors expected to drive the growth.
• Based on material, plastics packaging material accounted for the largest share and is expected to grow at a significant rate over the forecast period. Low density polyethylene (LDP) is the most preferred used resins due its advantages such as flexibility, compatibility, affordability and safety.
• Based on type the ophthalmic packaging market is segmented into prescription and over the counter (OTC) products. The prescription type segment held the largest share in 2018 and is expected to grow at significant rate over the forecast period.
• North America held around 38.5% of the global ophthalmic packaging material market in 2018. Developed healthcare infrastructure, rising ageing population, prevalence of eye disorders, and presence of stringent regulatory bodies are the factors contributing to the significant share.
• Asia Pacific is anticipated to grow at fastest CAGR over the forecast period, the presence of several small and large scale ophthalmic manufacturing plants and large unmet healthcare needs.

Ophthalmic Packaging Market Segmentation

Grand View Research has segmented the ophthalmic packaging market on the basis of dose, type, material and regions:

Dose Outlook (Revenue, USD Million, 2015 - 2026)

• Multi dose
• Single dose

Type Use Outlook (Revenue, USD Million, 2015 - 2026)

• OTC
• Prescription

Material Outlook (Revenue, USD Million; 2015 - 2026)

• Glass
• Plastic
• Others

Regional Outlook (Revenue, USD Million, 2015 - 2026)

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

About Grand View Research

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

Expansion of Weight Loss Services Market During 2019 – 2025 to Gain Robust Traction: Grand View Research Inc.

 Weight Loss Services Market Growth & Trends

The global weight loss services market size is expected to reach USD 21.1 billion by 2025 expanding at a CAGR of 8.4%, according to a new report by Grand View Research, Inc. Rising cases of obesity and resultant health consciousness along with increased per capita healthcare expenditure are the key factors fueling the market growth. Obesity is among the major health concerns that lead to a number of associated diseases or complications, such as diabetes, Cardiovascular Diseases (CVDs), and cancers. For instance, as per WHO, in 2016, more than 1.9 billion adults were overweight, out of which around 650 million people were obese.

Such instances are expected to encourage people to maintain proper health to help lower the risk of such chronic health issues, thereby augmenting market growth. Key companies in the market are focusing on the development of new ways for weight loss, such as Zumba, sports-specific performance training, aquatic exercise classes, and weight loss supplements. For instance, in August 2018, Herbalife International launched Herbalife24 ACHIEVE protein bar, a convenient, energy-providing snack. This product launch may increase the company’s popularity among athletes worldwide. Hence, such initiatives are anticipated to drive the market.

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Weight Loss Services Market Report Highlights

• Fitness equipment segment is estimated to register the highest CAGR over the forecast period due to advancements by key companies, in terms of technology and equipment
• Consulting services is projected to expand at the highest CAGR due to their cost-effectiveness as compared to other services
• APAC is expected to be the fastest-growing regional market in future. Increasing cases of obesity and diabetes due to changing lifestyles are anticipated to drive the region’s growth
• Some of the key companies in the global weight loss services market are Atkins Nutritionals, Inc.; Nutrisystem, Inc.; Herbal Life International, Inc.; Apollo Endosurgery, Inc.; Johnson Health Tech; WW International, Inc.; Kellogg Co; Amer Sports; Cynosure, Inc.; and Diet Health, Inc.

Weight Loss Services Market Segmentation

Grand View Research has segmented the global weight loss services market on the basis of equipment, service, payment, and region: 

Weight Loss Services Equipment Outlook (Revenue, USD Billion, 2014 - 2025)

• Fitness Equipment
  • Cardiovascular Equipment
  • Strength Training Equipment
  • Infrared Light Therapy Equipment
  • Others
• Surgical Equipment
  • Bariatric Surgery Equipment
  • Non-invasive Surgical Equipment

Weight Loss Services Outlook (Revenue, USD Billion, 2014 - 2025)

• Fitness Centers
• Slimming Centers
• Consulting Services
• Surgery
• Other Services

Weight Loss Services Payment Outlook (Revenue, USD Billion, 2014 - 2025)

• Government
• Private Insurance
• Out of Pocket

Weight Loss Services Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Greece
  • Denmark
• Asia-Pacific
  • Japan
  • China
  • India
• 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.

Cold Plasma Market to Reflect Robust Expansion During 2019-2026: Grand View Research Inc.

 Cold plasma, also known as non-equilibrium plasma, is the plasma where the individual constituents each have different temperatures, with electrons being at a higher temperature of more than 10,000 K, with the neutral atoms being at room temperature. When cold plasma reacts with an open or controlled environment, it produces many reactive species that can be used in a number of scientific chemical reactions. Cold plasma finds application in a number of areas such as biomedicine, food industry and environmental sciences, among others.

The rise in the number of hospital admissions across the globe, leading to subsequent increase of hospital acquired infections (HAIs), is a major factor in the high demand for the cold plasma market. According to CDC estimates for American hospitals, HAIs account for an estimated 1.7 million infections and 99,000 associated deaths each year, with the prevalence of HAIs in 1 out of 31 patients every day; moreover, according to the WHO, out of 100 hospitalized patients at any given point of time, 10 patients in developing countries and 7 in developed ones acquire at least 1 HAI. Cold plasma is very effective in deactivating antibiotic resistant bacterial strains.

An important property of cold plasma is the ability to kill bacteria and prevent infection, while it also helps in accelerating the healing process in patients, thus lessening patient discomfort and hospital stay. An article in the National Library of Medicine states that the UK sees 4.5 million patients in Europe annually suffer from hospital acquired infections, on account of the rising number of multi-resistant micro-organisms. Cold atmospheric pressure plasma has shown antimicrobial, antifungal and antiviral properties, which is expected to aid market growth.

Cold plasma has been found to be effective in cases of chronic wounds and burns, as well as in the cases of non-healing wounds. The rising prevalence of diabetes, anemia and cancer is a factor in the large number of cases of non-healing wounds, with 4 million people in Europe suffering from these wounds each year. Burn injuries can be treated directly using cold plasma, as it generates free radicals which prevent wound infection. The National Center for Biotechnology Information (NCBI) published a research in 2017, wherein a patient suffering with two second-degree burns was treated with cold plasma, which healed the itching and pain and presented new tissue after a second treatment. Such results can potentially expand the cold plasma market in new directions in the coming years.

In terms of pressure type, the cold plasma market has been segmented into low-pressure cold plasma and atmospheric pressure cold plasma. The cold atmospheric pressure plasma (CAPP) segment is expected to show fastest growth in the market in coming years, on account of its widespread use in healthcare applications such as biofilm removal, surface decontamination, infection control, wound healing, and burn treatment, as well as various surgical and non-surgical procedures. Moreover, developments in cancerous cell treatments are also expected to aid in the segment growth.

Based on application, the cold plasma market is segmented into wound healing, blood coagulation, dentistry and cancer treatment, among other medical applications. The wound healing segment accounts for the largest market share, as cold plasma accelerates wound healing process by inactivating multi-drug resistant (MDR) bacterial strains. Cancer treatment is another area that holds positive growth for the market in the near future, as cold plasma has shown effectiveness in the pre-clinical model of skin, brain, lung, breast, bladder, head, and neck cancer.

Region-wise, the cold plasma market accounts for a substantial market share, due to the presence of various major industry players, coupled with availability of various FDA-approved products. The continued technological advancements, along with the high prevalence of cancer cases in the region, is also abetting market growth. According to the National Cancer Institute, the US is expected to witness 606,520 deaths due to cancer in 2020, which calls for advancements in cancer treatment techniques, on of which is cold atmospheric pressure plasma. Europe is expected to remain an attractive market, on account of the high prevalence of HAIs in the region; Asia Pacific is also expected to show substantial market growth, with the rapid developments in treatment procedures and the ever-expanding medical tourism sector.

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Recent Trends and Developments

The global COVID-19 outbreak has led to medical institutions facing shortage of medical equipment, which necessitates the reuse of such products. With this aim, an engineering team at the George Washington University has undertaken the development of a ‘plasma brush’ that can decontaminate protective masks, gloves and other necessary gear for reuse. The development builds on the use of cold plasma for cancer treatment, and is expected to cleanse equipment, surfaces and even small-space airflow. Such advances can boost the market growth for cold plasma in the coming months.

A plasma medicine research carried out in May 2020 by researchers from Penn State's College of Engineering, College of Agricultural Sciences and College of Medicine established the effectiveness of direct LTP treatment and plasma-activated media against bacteria found in liquid culture. The team also has applied its findings to design a system that can create plasma directly in liquids, and specifically blood, in order to combat cardiovascular infections at the source. These findings are expected to widen the scope of the cold plasma market.

In January 2020, a surgical team at The Chaim Sheba Medical Center in Tel HaShomer, Israel, with coordination by US Medical Innovations, LLC (USMI), successfully used the Canady Helios™ Cold Plasma Scalpel (CHCPS) for a rare advanced reoccurring inoperable retroperitoneal sarcoma. The CHCPS specifically eradicates microscopic remnants of cancer cells while sparing normal cells and tissue. The patient in question was a 33-year-old man with a rare inoperable Retroperitoneal Sarcoma. The device underwent further clinical trials in February 2020.

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.

Biomedical Refrigerators & Freezers Market Will Target Emerging Markets by 2024

 Biomedical refrigerators involve the equipment that can store biological samples such as blood and its derivatives, biological reagents, vaccines and medicines, along with RNA and DNA samples, for a sufficiently long period of time. The RNA and DNA samples can be stored in the temperature range of -70°C to -80°C, and even lower; while vaccines and plasma products can be stored in plasma freezers between the temperatures -30°C to -40°C.

The global market for biomedical refrigerators and freezers is expected to grow at an appreciable rate in the coming years, on account of multiple factors such as growing prevalence of chronic diseases, the increase in demand for storing biological products, along with blood samples, blood reagents, vaccines, DNA samples and other chemicals. The CDC issues guidelines and specifications for the proper vaccine storage, failing which they would lose their potency, which would result in little to no immune response from the recipient. The market has also grown rapidly out of the need to avoid vaccine wastage; according to the NHS, £5 million worth of vaccines were wasted in 2017 alone, with refrigeration failure and storing or transporting out of the cold chain being two of the major causes.

With the current global COVID-19 pandemic, the testing of samples has become a critical and time intensive process, with the specimen collection regarding SARS CoV-2 calling for proper handling and storage. As they are required to be kept at low temperatures, it is expected that there would be a high demand for biomedical refrigerators and freezers in the coming weeks and months. Moreover, the most-affected regions such as North America, Western Europe and Asia Pacific would be seeing an increase in demand for equipment at medical institutions, which is a trend that would positively affect the biomedical refrigerators and freezers market.

Based on product type, the biomedical refrigerators and freezers market can be segmented into blood bank refrigerators, shock, plasma and ultra-low temperature freezers, laboratory/pharmacy/medical freezers, laboratory/pharmacy/medical refrigerators. Plasma freezers segment is expected to show substantial growth in the coming years, as they are used in the process of therapeutic plasma exchange (plasmapheresis), which according to the European Society of Hemapheresis (ESFH), is the most frequently performed apheresis technique, being used in the treatment of side effects of small cell lung and breast cancers, as well as colon cancer and Hodgkin’s disease.

In terms of end-use, the biomedical refrigerators and freezers market is segmented into hospitals, pharmacies, laboratories, diagnostic centers, and blood banks. Blood banks emerged as the biggest end-use segment, due to the rising awareness among consumers regarding blood donations and government initiatives to promote them. Moreover, there are organizations in place to monitor the storage of immunobiologics and blood components, such as the Center for biologics evaluation and research (CBER) in the US. The pharmacy segment is anticipated to show fastest growth in the near future, on account of the rising number of adverse reactions and increasing wastage of vaccines due to thermal shock.

According to the American Red Cross organization, the U.S. sees 21 million blood components being transfused each year. However, the current exceptional scenario created by the coronavirus pandemic has led to cancellation of blood drives, resulting in shortage of blood stored. Moreover, the country requires 36,000 units of red blood cells, 7000 units of platelets, and 10,000 units of plasma every day. With the rising need for blood transfusions, it is also required that the units be properly stored in order to avoid the risk of blood transfusion errors. These factors have led to the growth of the blood bank segment, while it is expected to grow at a substantial rate in the near future.

Region-wise, North America, and more particularly the U.S., holds substantial share in the biomedical refrigerators and freezers market, on account of the high expenditure on hospitals and healthcare infrastructure in the region, as well as the high prevalence of chronic diseases that has led to an increasing number of blood transfusion procedures. Another region that is expected to contribute significantly to the market is Asia Pacific, with the development of healthcare infrastructure in rapidly emerging economies such as India, China and Indonesia expected to aid in the regional market growth by 2024.

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Recent Developments

In March 2020, PHC Corporation of North America announced that it would accelerate the delivery of critical equipment to the facilities that are working on COVID-19 diagnostics, clinical care, vaccine development and research. The products include high performance refrigerators and biomedical freezers, ultra-low temperature storage freezers, CO2 and multi-gas CO2/O2 incubators, and class II, type A2 biological safety cabinets.

In February 2020, Haier Biomedical donated a solar direct drive vaccine fridge to Abuja Primary Healthcare in Nigeria. The fridge provides temperature protection, security and safety for vaccine storage. The product can be efficiently used even during power shortages by maintaining the right temperature for vaccines.

In October 2019, the US Environmental Protection Agency recognized the Helmer Scientific GX Solutions laboratory, pharmacy, and blood bank single and double door upright refrigerators, as meeting the ENERGY STAR® energy efficiency requirements for High Performance Laboratory Refrigerators. The products are powered by the OptiCool™ technology.

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 Staffing Market Value Expected To Increase at a CAGR of 5.4% from 2020 to 2027: Grand View Research Inc.

Healthcare Staffing Market Growth & Trends

The global healthcare staffing market size is likely to reach USD 48.6 billion by 2027 at a CAGR of 5.4% over the forecast period, based on a new report by Grand View Research, Inc. The rising demand for temporary nursing staff especially due to growing geriatric population is boosting the scope for these services across the world.

In 2010, the Association of American Medical Colleges estimated that U.S. might face a shortfall of 150,000 doctors during the next 10-15 years. In August 2019, the National Association of Locum Tenens Organizations (NALTO) stated that 90% of the U.S. healthcare facilities use locum tenens providers and over 50,000 physicians work on locum tenens projects every year. The increasing number of physicians choosing to work as locum tenens is expected to propel the market growth over the forecast period.

Furthermore, the hospitals are forced to reduce the staff and implement policies for ensuring the availability of nurses upon an increase in the workload, in response to the pressure of costs. Due to high penetration of the market, there is the availability of healthcare staff during emergencies, thereby driving the market growth.

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Healthcare Staffing Market Report Highlights

• By service, the market has been segmented into travel nurse, per diem nurse, locum tenens, and allied healthcare, out of which, the travel nurse segment dominated the market in terms of revenue share in 2019
• Locum tenens are anticipated to witness a significant growth rate over the forecast period owing to rising number of physicians opting to work as locum tenens and due to the cost-effectiveness to the providers
• North America held a majority of the market share in 2019 due to shortage of skilled professionals in the region, local presence of several market players, and overall growth in geriatric population
• Asia Pacific is expected to register the highest growth rate over the forecast period due to increasing awareness regarding contract staffing, promising economic outlook, and increasing investments by various market players
• Some of the key players operating in the healthcare staffing market are AMN Healthcare; Envision Healthcare Corporation; Maxim Healthcare Services, Inc.; CHG Management, Inc.; inVentiv Health; Cross Country Healthcare, Inc.; TeamHealth; Adecco Group; and Almost Family.

Healthcare Staffing Market Segmentation

Grand View Research has segmented the global healthcare staffing market based on service type and region:

Healthcare Staffing Service Type Outlook (Revenue, USD Million, 2016 - 2027)

• Travel Nurse Staffing
• Per Diem Nurse Staffing
• Locum Tenens Staffing
• Allied Healthcare Staffing

Healthcare Staffing Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

Neurovascular Devices Market Advanced Technologies and Growth Opportunities Worldwide By 2027

Neurovascular Devices Market Growth & Trends

The global neurovascular devices market size is anticipated to reach USD 3.9 billion by 2027, registering a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for minimally invasive procedures, increasing incidence of neurological disorders, and introduction of technologically advanced products are driving the growth of neurovascular devices.

Increasing incidence of neurological conditions such as stroke and brain aneurysm, cerebral artery stenosis, and stroke are fueling the market growth. For instance, according to the Stroke Association, more than 100,000 people suffer from stroke every year in U.K. and stroke costs are up to USD 33.7 billion per year.

Decreased postoperative pain and speedy recovery are leading to increasing adoption of minimally invasive surgeries and triggering growth of R&D in this field. Several key players are investing in R&D for the launch of innovative minimally invasive surgical instruments, especially got the neurovascular diseases. The endovascular coiling used for the treatment of intracranial aneurysm is one of the minimally invasive procedures widely recommended by the physicians.

Furthermore, increasing number of technologically advanced product launches by the key market players are also contributing to the market growth. For instance, in January 2018, CERENOVUS, launched Galaxy G3 mini coil, the softest and smallest embolic finishing coil used in the treatment of hemorrhagic stroke and intracranial aneurysm.

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Neurovascular Devices Market Report Highlights

• The cerebral embolization and aneurysm coiling devices segment dominated the neurovascular devices market in 2019 owing to increasing demand for minimally invasive procedures and rising incidence of cerebral artery stenosis
• Based on therapeutic application, the stroke segment dominated the market in 2019 owing to increasing prevalence of stroke worldwide, awareness initiatives by various government and non-government organizations, and introduction of technologically advanced products
• North America dominated the market with the highest revenue share in 2019 owing to increasing prevalence of stroke and brain aneurysm, increasing disposable income, and presence of key players in the region
• Some of the major players operating in the market are Medtronic; Microport Scientific Corporation; Penumbra, Inc.; Stryker; Johnson and Johnson Services Inc.; Microvention Inc.; and Codman Neuro

Neurovascular Devices Market Segmentation

Grand View Research has segmented the global neurovascular devices market on the basis of device, therapeutic application, and regions:

Neurovascular Devices Outlook (Revenue, USD Million, 2016 - 2027)

• Cerebral Embolization and Aneurysm Coiling Devices
  • Embolic Coils
  • Flow Diverters
  • Liquid Embolic Agents
• Cerebral Angioplasty and Stenting Systems
  • Carotid Artery Stents
  • Embolic Protection
• Neurothrombectomy Devices
  • Clot Retrieval
  • Suction
  • Vascular Snares
• Support Devices
  • Micro Catheters
  • Micro Guidewires

Neurovascular Devices Therapeutic Application Outlook (Revenue, USD Million, 2016 - 2027)

• Stroke
• Cerebral Artery Stenosis
• Cerebral Aneurysm
• Others

Neurovascular Devices Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East and Africa (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.

Fiducial Markers Market Is Projected To Reach Approximately USD 142.0 Million By 2027: Grand View Research Inc.

The global fiducial markers market size is estimated to reach USD 142.0 million by 2027 registering a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Increasing prevalence of cancer and growing adoption of radiotherapy procedures are the factors expected to contribute to the market growth. Fiducial markers are widely used in external beam radiotherapy procedures. Therefore, increasing number of external beam radiotherapy procedures is also expected to boost the adoption of these markers. In addition, over most of the cancer patients receive radiation therapy, which in turn, is increasing the product demand.

Rising awareness about the safety and efficiency of advanced radiotherapy techniques, such as stereotactic radiosurgery, intensity-modulated radiotherapy, and image guide radiotherapy, in cancer treatment is expected to boost the market growth. Moreover, several initiatives undertaken by various governments for the development of new radiotherapy centers through direct funding or tax waive-off will aid in market growth.

On the other hand, availability of alternative treatment methods, such as chemotherapy, hormonal therapy, and surgery, is expected to have a negative impact on the product demand. Furthermore, with the advent of advanced imaging modalities, such as PET-based LINAC system, eliminates the need for fiducial markers hampering the market growth. However, high cost of PET-based LINAC systems is expected to contribute to the increased usage of fiducial markers for radiotherapy.

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https://www.grandviewresearch.com/industry-analysis/fiducial-markers-market

Further key findings from the study suggest:

• Gold fiducial markers segment held the largest market share in 2019 and is expected to expand at a healthy CAGR over the forecast period owing to product advantages, such as biocompatibility and enhanced visibility across multiple imaging modalities including CT, MRI, ultrasound, and fluoroscopy.
• Based on application, prostate cancer segment held the largest market share in 2019 and is expected to register a significant CAGR over the forecast period.
• Based on end user, radiotherapy center segment is projected to register the fastest CAGR during the forecast period.
• North America is estimated to be the largest regional fiducial markers market over the forecast period due to growing number of cancer cases and adoption of advanced technologies.
• Some of the prominent companies in the global market are CIVCO Radiotherapy; IZI Medical Products, LLC; Naslund Medical AB; Medtronic PLC; QlRad, Inc.; QFIX; Boston Scientific Corp.; Nanovi A/S; Eckert & Ziegler; and IBA Dosimetry GmbH.

Grand View Research has segmented the global fiducial markers market on the basis of product, modality, application, end user, and region:

Fiducial Markers Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

• Gold
• Gold Combination
• Polymer
• Other Metal
• Liquid

Fiducial Markers Modality Outlook (Revenue, USD Million, 2016 - 2027)

• CT/CBCT
• MRI
• Ultrasound
• X-Ray

Fiducial Markers Application Outlook (Revenue, USD Million, 2016 - 2027)

• Breast Cancer
• Lung Cancer
• Prostate Cancer
• Head and Neck Cancer
• Other

Fiducial Markers End User Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Radiotherapy Center
• Academic and Research Center

Fiducial Markers Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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.