Volatile Organic Compound Gas Sensor Market Will See Strong Expansion Through 2025: Grand View Research Inc.

 The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power.Technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others. However, these sensors still exhibit limitations such as poor selectivity and lack high operating temperatures. Hence, to counter these challenges, companies are coming up with advanced MEMS sensors to overcome the limitations.

The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/volatile-organic-compound-gas-sensor-market

Further key findings from the report suggest:

• Stringent regulations such as the World Health Organization (WHO) Air Quality Guidelines for Europe have specified the permissible levels of formaldehyde, toluene, and tetrachloroethylene gases that are released in the atmosphere as a result of industrial processes
• Single gas detection sensors are majorly used in automotive applications and are widely used for the detection of VOC gases such as combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others
• PID sensors can detect concentrations of explosives and hydrocarbons below the Lower Explosive Limit (LEL). Therefore, they are ideal for applications such as monitoring and controlling of decontamination and leak detection in closed rooms and confined spaces
• The use of VOC sensors is growing at a rapid pace for real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment
• Key players in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX Sensortech among others

Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:

Volatile Organic Compound (VOC) Gas Sensor Type Outlook (Revenue, USD Million, 2014 - 2025)

• Single Gas Detection Sensor
• Multiple Gas Detection Sensor

Volatile Organic Compound (VOC) Gas Sensor Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Photo-Ionization Detector (PID)
• Infrared-based Detection
• Metal-oxide Semiconductor
• Others

Volatile Organic Compound (VOC) Gas Sensor Application Outlook (Revenue, USD Million, 2014 - 2025)

• Oil & Gas
• Agriculture
• Automotive
• Chemical Industry
• Manufacturing
• Food & Beverages
• Metals & Mining
• Others

Volatile Organic Compound (VOC) Gas Sensor Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Optical Character Recognition Market to Bring In USD 13.38 Billion by End of the Forecast Period

 The global optical character recognition market size is expected to reach USD 13.38 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 13.7% from 2019 to 2025. Increasing investments in Optical Character Recognition (OCR) startup companies and adoption of OCR across diversified industry verticals is projected to drive the OCR market growth.

Digitalization plays a critical role in changing the way organizations operate. It has helped companies improve efficiency of their business processes. Enterprises are investing large amounts in technologies that can help them digitalize their work process and increase productivity. Since data is a critical element for an organization, adoption of technologies such as OCR, which enables users to convert text data in different types of documents and images into editable or accessible formats, has increased. OCR solutions are integrated with a wide range of technologies such as robotic process automation and Artificial Intelligence (AI) to enhance their capabilities.

Integration of artificial intelligence with optical character recognition has helped companies in leveraging technological capabilities of artificial intelligence such as deep learning and multi-level analysis for the more efficient processing of documents, texts, and other data in a way similar to that of humans. These advanced technologies also help to address inaccuracies that occur in OCR, thereby providing streamlined fault management. This, in turn, helps reduce costs of processing documents and increase efficiency within the organization.

Vendors across diversified industry verticals, such as retail, banking, and healthcare, are widely adopting OCR technology. In terms of vertical, BFSI accounted for the largest OCR market share in 2018, owing to the increasing use of the technology in business transactions and scanning checks and other critical documents. The demand for OCR in healthcare sector is expected to grow moderately over the forecast period.

North America market accounted for the largest market share of 39.39% in 2018 owing to the early and rapid adoption of advanced technologies across MNCs in the region. Asia Pacific optical character recognition market, on the other hand, is likely to provide promising growth opportunities and is anticipated to register the highest CAGR of 16.7% over the forecast period.

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

Further key findings from the report suggest:

• Significant increase in investment for advancement of OCR in startup companies is expected to remain one of the key driving factors
• Emergence of new technologies such as computer vision, machine learning, and artificial intelligence is unfolding new opportunities for industry growth
• North America led the global optical character recognition market in 2018. Asia Pacific is projected to register the highest CAGR of 16.7% from 2019 to 2025
• Key competitors are Google LLC; Adobe; International Business Machines Corporation; Microsoft Corporation; ABBYY; Anyline GmbH; Captricity Inc. (Vidado); CC Intelligence Corporation; Creaceed SPRL; CVISION Technologies Inc.; LEAD Technologies Inc.; Nuance Communication Inc.; Exper-OCR, Inc.; and Iris S.A.

Grand View Research has segmented the global optical character recognition market based on type, vertical, and region:

Optical Character Recognition Type Outlook (Revenue, USD Million, 2014 - 2025)

• Software
  • Desktop-based OCR
  • Mobile-based OCR
  • Cloud-based OCR
    • Private
    • Public
  • Others
• Services
  • Consulting
  • Outsourcing
  • Implementation & Integration

Optical Character Recognition Vertical Outlook (Revenue, USD Million, 2014 - 2025)

• Retail
• BFSI
• Government
• Education
• Transport and Logistics
• Healthcare
• IT & Telecom
• Manufacturing
• Others

Optical Character Recognition Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Vehicle Access Control Market Revenue Sales to Reach USD 17,257.9 Million by 2025: Grand View Research Inc.

 Vehicle Access Control Market Growth & Trends

The global vehicle access control market size is expected to reach USD 17,257.9 million by 2025, registering a CAGR of 10.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing concerns over safety and security of vehicles in developing as well as developed nations are expected to drive the demand for access control systems for vehicles over the forecast period. Vehicle access control solutions can also contribute toward efficient traffic management as they can also be used to control vehicle access across tollways, bridges, and public buildings, thereby driving the market growth.

The rising instances of car thefts all over the world are particularly necessitating the installation of vehicle access control systems. For instance, a total of 773,139 vehicles were stolen in the U.S. in 2017, which was approximately 1% higher than the previous year. Improved security features offered by the modern vehicle access control systems is particularly encouraging car owners to equip their cars with these systems.

The biometric segment is expected to witness the fastest growth owing to the ability of biometric systems to ensure a high level of security for vehicles. Biometric solutions can be based on various technologies, such as fingerprint recognition, face recognition, and iris recognition. Given that biometrics, such as fingerprints and irises, are characteristic to every individual and are unique and unrepeatable, any solution based on biometrics can provide unmatched security.

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Vehicle Access Control Market Report Highlights

• Implementation of innovative vehicle access control technologies, such as keyless entry, tracking, and fingerprint-enabled ignition switch, to enhance the driver’s experience is expected to drive the market growth
• The tollways segment dominated the vehicle access control market in 2018 and is expected to witness healthy growth over the forecast period owing to the continued implementation of RFID systems across highways to improve the traffic management
• The commercial buildings segment is expected to witness the fastest growth owing to the growing need to prevent unknown or unauthorized people from bringing their vehicles inside commercial buildings
• The Asia Pacific regional market is expected to register the fastest growth over the forecast period as manufacturers in the region are trying aggressively to reduce the deployment costs so that these systems can also be featured in low- and mid-end cars
• Key market players, such as Continental AG, Robert Bosch GmbH, Hella GmbH, Nuance Communication, Smartrac N.V., and Lear Corporation, are pursuing various strategies to strengthen their foothold in the market.

Vehicle Access Control Market Segmentation

Grand View Research has segmented the global vehicle access control market based on technology, application, and region:

Vehicle Access Control Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Biometric
• Non-Biometric
• RFID
• Others

Vehicle Access Control Application Outlook (Revenue, USD Million, 2014 - 2025)

• Tollways
• Commercial Buildings
• Residential Buildings
• Others

Vehicle Access Control Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Transportation Management System Market Pegged For Strong Growth During 2019-2025: Grand View Research Inc.

 The global transportation management systems market size is expected to reach USD 198.82 billion by 2025, at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The emerging growth of the retail and e-commerce sector and the increasing need for automation and technology in supply chain and logistics are driving the adoption of transportation management system (TMS). Advancements in digital technologies which have led to the implementation of cloud transportation management systems, Internet of Things (IoT), predictive analytics, Artificial Intelligence (AI) solutions, and blockchain technology facilitate the market growth. In addition, the high Return on Investment (RoI) on the implementation of a TMS module is drawing a large number of players to the market, which is expected to drive the growth.

Logistics and supply chain companies are significantly investing in the deployment of the latest technologies in their transportation management systems to make optimum use of the high volume of data produced daily. AI is extensively used by logistics companies to enhance real-time decision-making abilities related to cost, carriers, inventories, and the availability of cargos and shipments. Big data-driven applications have already emerged to help streamline the logistics industry on a global scale.

The need for visibility, scalability, and flexibility across the supply chain is a major driving force for the transportation management system market. With the growth in the e-commerce industry around the world, the online retail market is developing rapidly, and customers are looking for highly personalized retail experiences, which subsequently helps drive the market. As the logistics and transportation sectors continue to grow, the need for faster, smarter, and more efficient shipping services becomes crucial, which is expected to make a significant contribution to the growth of the market.

There has been a rise in the competition among various module developers due to the introduction of technologies such as AI and blockchain. These technologies significantly contribute to the improvement of transportation management systems. Companies are making huge investments in their technological R&D to improve payment processing, freight location monitoring, and order fulfillment. Automation in logistics is gaining a lot of importance in the market, and module developers see this as a significant market opportunity. It would prove important for companies to embrace these technologies over the coming years to maintain a competitive position in the TMS market.

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

Further key findings from the report suggest:

• Increasing digitalization and growth of the e-commerce industry in emerging economies are expected to drive the transportation management system market over the forecast period
• The Cloud TMS segment is expected to register the highest CAGR of 17.2% over the forecast period
• Growing investments in railway infrastructure are expected to fuel the overall market growth in the forthcoming years
• North America held the largest market share in 2018. The increasing import and export activities between U.S. and Canada, U.S. and Mexico, and U.S. and other countries are expected to drive the market
• Key players including Oracle Corporation; SAP SE; The Descartes Systems Group, Inc.; and JDA Software Inc. among others accounted for a majority share of the overall market in 2018

Grand View Research has segmented the global transportation management system market on the basis of deployment mode, mode of transportation, end user, and region:

Transportation Management Systems Deployment Mode Outlook (Revenue, USD Billion, 2015 - 2025)

• On-Premise
• Cloud

Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2015 - 2025)

• Roadways
• Railways
• Waterways
• Airways

Transportation Management Systems End User Outlook (Revenue, USD Billion, 2015 - 2025)

• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Others

Transportation Management Systems Regional Outlook (Revenue, USD Billion, 2015 - 2025)

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

About Grand View Research

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

Automotive Cyber Security Market to Witness Tremendous Growth and Expansion by 2025

 Automotive Cyber Security Market Growth & Trends

The global automotive cyber security market size is expected to reach USD 5.56 billion by 2025 expanding at a CAGR of 21.4% during the forecast period, according to a study conducted by Grand View Research, Inc. Increasing risks of data breaching due to rise in number of connected and automated vehicles will drive the market. Moreover, growing emphasis of OEMs on strengthening cyber security policies is expected to propel the demand for automotive cyber security over the projected period. Cloud infrastructure, mobile cross platforms, and automotive data taxonomy, are the key connectivity trends in the automotive cyber security market.

Technological advancements pertaining to network connectivity in autonomous vehicles are gaining traction owing to increasing data and volume of data exchange, which is also likely to contribute to the market growth. Moreover, onboard electronic information-control systems like tire-pressure, electric power steering, fixed-speed cruise control, and auto-braking sensors have become mandatory across all the vehicle categories. Other sophisticated systems are also making their way into automotive electronics applications, such as infotainment, ADAS, navigation, powertrain, and safety systems. This, in turn, would further increase the vehicle-to-everything communication, thereby creating lucrative growth opportunities for the market in automotive sector.

North America is the largest regional market due to increasing demand for autonomous vehicles and quick adoption of new technologies like smart antenna and connected car systems. Moreover, rising investments and stringent measures taken by the government towards incorporating cyber security policies for the automotive market have bolstered the regional market growth. Some of the prominent industry participants include Vector Informatik GmbH, Arilou Technologies, NXP Semiconductors N.V., Argus Cyber Security Ltd, ESCRYPT, Continental AG, and HARMAN International.

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Automotive Cyber Security Market Report Highlights

• The passenger car segment in Europe is expected to account for 77.1% by 2025 due to rising production of Electric Vehicles (EVs), development and implementation of cyber security strategies, eco-friendly initiatives, and growing scope of data exchange
• Infotainment application led the market in China due to quick adoption of advanced vehicle technologies
• Wireless network security segment is expected to account for the largest share of the global automotive cyber security market by 2025
• Emphasis of OEMs on capabilities offered by connected car systems that have enabled a broad range of service and features contributes to growth of the market in developed economies

Automotive Cyber Security Market Segmentation

Grand View Research has segmented the global automotive cyber security market on the basis of security, vehicle type, application, service, and region:

Automotive Cyber Security Outlook (Revenue, USD Million, 2019 - 2025)

• Endpoint
• Application
• Wireless Network

Automotive Cyber Security Vehicle Type Outlook (Revenue, USD Million, 2019 - 2025)

• Passenger Car
• Commercial Vehicle
• Electrical Vehicle

Automotive Cyber Security Application Outlook (Revenue, USD Million, 2019 - 2025)

• ADAS & Safety System
• Infotainment
• Body Electronics
• Powertrain
• Telematics

Automotive Cyber Security Service Outlook (Revenue, USD Million, 2019 - 2025)

• In-vehicle Services
• External Cloud Services

Automotive Cyber Security Regional Outlook (Revenue, USD Million, 2019 - 2025)

• North America
  • US.
  • Canada 
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Russia
  • Turkey
  • Italy 
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand 
• Rest of World
  • Brazil
  • South Africa
  • Iran

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.

Hip Replacement Implants Market Advanced Technologies and Growth Opportunities Worldwide By 2026

 Hip Replacement Implants Market Growth & Trends

The global hip replacement implants market size is expected to reach USD 7.8 Billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at exhibiting a CAGR of 4.7% over the forecast period. Growing prevalence of osteoarthritis & osteoporosis are expected to drive growth over the forecast period. In addition, a paradigm shift toward minimally invasive procedures is fueling the market globally. Moreover, favorable reimbursement policy is further propelling growth.

Moreover, individuals aged 60 years and above accounted for 12.3% of the global population in 2015 and this population is expected to reach 21.5% in 2050. Thus, increasing population of those aged 60 years and above is expected to impel growth. Moreover, increasing adoption of minimally invasive surgeries coupled with availability of variety of advanced treatment options is a key factor driving the market.

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Hip Replacement Implants Market Report Highlights

• Increasing demand for minimally invasive surgeries is anticipated to create growth opportunities in the hip replacement implants market.
• Increasing number of sports injuries & road traffic accidents are driving demand for total replacement surgeries.
• Total hip implants accounted for the largest revenue share as of 2018, owing to technological advancements and growing adoption.
• Metal-on-polyethylene (MOP) held the largest share of material segment due to its minimal surgical risk and negligible post-surgery complications.
• Hospitals & surgery centers held the largest revenue share of end-use segment due to maximum number of surgeries performed within these facilities.
• North America held the dominant share as of 2018, due to supportive government initiatives and presence of large number of industry players.
• Asia Pacific is anticipated to witness lucrative growth due to increase in the target population and booming medical tourism.
• Some key companies are Zimmer Biomet, Johnson & Johnson, Smith & Nephew Plc., Stryker, and Aesculap Implant Systems LLC.

Hip Replacement Implants Market Segmentation

Grand View Research has segmented the global hip replacement implants market on the basis of product, application, end use, and region:

Hip Replacement Implants Product Outlook (Revenue, USD Million, 2014 - 2026)

• Total Hip
• Partial Femoral Head
• Hip Resurfacing
• Revision Hip

Hip Replacement Implants Application Outlook (Revenue, USD Million, 2014 - 2026)

• Metal-on-Metal
• Metal-on-Polyethylene
• Ceramic-on-Polyethylene
• Ceramic-on-Metal
• Ceramic-on-Ceramic

Hip Replacement Implants End-use Outlook (Revenue, USD Million, 2014 - 2026)

• Orthopedic Clinics
• Hospitals & Surgery Centers
• Others

Hip Replacement Implants Regional Outlook (Revenue, USD Million, 2014 - 2026)

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

About Grand View Research

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

Traditional Wound Management Market to Record an Exponential CAGR by 2026: Grand View Research Inc.

 Traditional Wound Management Market Growth & Trends

The global traditional wound management market size is expected to reach USD 7.18 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.6% during the forecast period. Growing incidence of chronic diseases, increasing number of accidents, and rising number of ambulatory surgical centers are some of the key factors driving the market.

Global increase in incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is one of the key factors driving market growth. Factors such as, adoption of unhealthy & sedentary lifestyles, alcohol consumption, and smoking are majorly contributing toward rise in prevalence of non-communicable diseases. Cancer has been a global healthcare burden as it is one of the leading causes of death. Most surgical wounds after cancer surgery are relatively large in size and deep, producing exudate, which requires routine management. The wound care products such as bandage, medical tapes, and gauze help manage large wounds, significantly reducing the risk of further infection. According to the WHO, in 2018, one in five men and one in six women, globally, develop cancer during their lifetime. Moreover, as per reports published by WHO, 18.1 million new cancer cases have been reported in 2018, globally. In addition, as per the WHO, over 70.0% of cancer-related deaths typically occur in middle- and low-income countries. Furthermore, rising prevalence of chronic conditions and growing number of surgeries being performed have also increased globally. Therefore, such factors are anticipated to positively impact growth over the forecast period.

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Traditional Wound Management Market Report Highlights

• In terms of revenue, acute wounds segment held the largest share in 2018 owing to rising cases of accidents and trauma globally.
• Gauze segment held the largest share in 2018 owing to its wide range of applicability in various types of wounds and availability of numerous products.
• Hospital segment held the largest share in 2018 due to rising cases of burns and surgeries.
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising number diabetic patients in this region.
• Prominent players operating in traditional wound management market are Smith & Nephew PLC, Mölnlycke Health Care, Paul Hartman AG, and Cardinal Health.

Traditional Wound Management Market Segmentation

Grand View Research has segmented the global traditional wound management market on the basis of product, application, end use, and region:

Traditional Wound Management Product Outlook (Revenue, USD Million, 2015 - 2026)

• Gauze
• Tape
• Bandage
• Cotton

Traditional Wound Management Application Outlook (Revenue, USD Million, 2015 - 2026)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Others
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burn Wounds

Traditional Wound Management End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Clinics
• Home Healthcare
• Others

Traditional Wound Management Regional Outlook (Revenue, USD Million, 2015 - 2026)

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

About Grand View Research

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

Personal Lubricant Market Size Is Expected To Reach USD 1.6 Billion by 2026

 Personal Lubricant Market Growth & Trends

The global personal lubricant market size is expected to reach USD 1.6 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. New product launches to meet demand for natural lubricants is expected to aid market growth over the forecast period.

Emerging players are trying to capture higher share by developing lubricants made from natural and organic ingredients. Good Clean Love, Inc., an Oregon-based company in the U.S., was the first to develop organic lubricants. In November 2016, the company received a patent for its formulation of organic lubricants.

Moreover, promotional activities from manufacturers to destigmatize societal perception of using personal lubricants has positively impacted growth. For instance, in January 2019, Reckitt Benckiser’s Durex brand launched a marketing campaign on a global platform to challenge the misconceptions of using lubricants for female sexual discomfort.

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Personal Lubricant Market Report Highlights

• Water-based lubricants dominated the market in 2018, owing to lower prices and as they are easy to wash off
• Leading brands such as Durex, Sliquid, and Astroglide retail a range of water-based lubricants with variations in flavors, pack size, and packaging
• In July 2018, Trigg Laboratories, Inc. reinvented its entire product line with new packaging and products, which had contemporary, sleek, and modern designs. It also launched a new product line—Wet Hemptation and Wet Dessert
• The growing presence of e-commerce platforms and online retailers that offer freedom to select any product and make discrete delivery has helped overcome social taboo of buying these products
• Manufacturers, retail pharmacies, and supermarkets have also launched websites for providing easy access to customers.
• Geographically, North America held the largest share in 2018. The personal lubricant market is regulated by the U.S. FDA and manufacturers must comply with good manufacturing practices, and receive 510(k) medical device clearance for marketing
• In May 2016, Trigg Laboratories received FDA approval for Wet Original Personal lubricant by meeting the provisions for labeling, good manufacturing practices and prohibitions against adulteration and misbranding
• According to U.S. Census data and National Consumer survey, in 2018, K-Y lubricants were used by 28.58 million people, aiding it to capture significant share in the U.S.
• Asia Pacific is expected to be the fastest growing market during the forecast period. Aging population and high incidence of vaginal dryness & erectile are anticipated to drive demand.

Personal Lubricant Market Segmentation

Grand View Research has segmented the global personal lubricant market based on type, distribution channel, and region:

Personal Lubricant Type Outlook (Revenue, USD Million, 2015 - 2026)

• Water-Based
• Silicone-Based
• Oil-Based

Personal Lubricant Distribution Channel Outlook (Revenue, USD Million, 2015 - 2026)

• E-commerce
• Drug Stores
• Others

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

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

About Grand View Research

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

Ophthalmic Ultrasound Devices Market Size Is Expected To Reach USD 728.7 Million by 2026

 Ophthalmic Ultrasound Devices Market Growth & Trends

The global ophthalmic ultrasound devices market size is expected to reach USD 728.7 million by 2026, according to a new report by Grand View Research, Inc., growing at a CAGR of 6.1%. Increasing burden of ophthalmic disorders, such as cataract & retinal detachments, and high demand for effective imaging tools are factors driving growth. In addition, frequent new product launches are expected to contribute toward high growth during the forecast period.

Advanced technology with integrated scanning features is expected to replace the existing conventional devices. Rising number of private as well as non-profit ophthalmic clinics and ambulatory imaging centers in developing countries is expected to play an important role in driving the global ophthalmic ultrasound systems market.

Increasing incidence of diabetes, a major factor leading to ophthalmic disorders such as cataract & proliferative diabetic retinopathy, growing awareness about cataract surgeries, and introduction of technologically advanced devices are some of factors anticipated to drive the market over the forecast period.

Growing number of strategic initiatives, such as introduction of technologically advanced and integrated devices at competitive prices, establishing of exclusive agreement with hospitals & clinics, and mergers & acquisitions also aid growth. Moreover, establishment of ophthalmology society and evolving government and non-government programs supporting eye care are expected to boost the market.

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Ophthalmic Ultrasound Devices Market Report Highlights

• The A-scan segment held largest share and is expected to grow at lucrative CAGR over the forecast period owing to its increasing demand as critical imaging equipment in cataract surgery
• Ocular ultrasounds that are portable with integrated scanning features are anticipated to witness fastest growth during the forecast period
• Hospital segment accounted for the largest share in 2018. Large patient pool and government support in the form of funding for advancement of eye care in different geographies are expected to contribute toward growth of this segment
• North America dominated in 2018. Growth of this region is fueled by local presence of major manufacturers and suppliers developing advance technology coupled with rising prevalence of ophthalmic disorders
• Asia Pacific is anticipated to witness fastest growth over the forecast period due to improving healthcare infrastructure and growing economies
• Major players in the ophthalmic ultrasound devices market are focusing on launch of advance technology with improved parameters, such as image resolutions & data storage, and building efficient software for improving user interface

Ophthalmic Ultrasound Devices Market Segmentation

Grand View Research has segmented the ophthalmic ultrasound devices market on the basis of product, end use, mobility, and region:

Ophthalmic Ultrasound Devices Product Outlook (Volume, ‘000 Units; Revenue, USD Million, 2015 - 2026)

• A-Scan
• B-Scan
• Combined
• Pachymeter
• Ultrasound Biomicroscope

Ophthalmic Ultrasound Devices End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Ambulatory surgical Centre
• Ophthalmic clinic
• others

Ophthalmic Ultrasound Devices Mobility Outlook (Revenue, USD Million, 2015 - 2026)

• Standalone
• Portable/ Handheld

Ophthalmic Ultrasound Devices 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.

Eyelid Surgery Market Insights Business Opportunities, Current Trends And Forecast 2026: Grand View Research Inc.

 Eyelid Surgery Market Growth & Trends

The global eyelid surgery market size is expected to reach USD 5.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.8% over the forecast period. The growing use of non-surgical techniques, PlexR, for eyelid surgery and increasing aging population are some of the factors driving the market. In addition, rising cosmetic surgeries to remove bulges on the skin, wrinkles, and fat near the eyes are also expected to propel the market growth during the forecast period.

Medical and technical advancements in blepharoplasty are also anticipated to fuel market growth. Cosmetic surgeons are adopting a multi-procedure approach to enhance the overall results of eyelid surgery. For instance, combining eyelid surgery with an eyebrow lift, volume augmentation, or other related procedures is expected to have a synergistic effect, thereby boosting demand.

The growing cosmetic industry in the U.S., Brazil, South Korea, and Japan is another factor driving the market. Moreover, increasing adoption of advanced cosmetic procedures in emerging economies to improve appearance of eyes and reduce under eye fat is anticipated to positively impact market growth.

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Eyelid Surgery Market Report Highlights

• The upper eyelid surgery segment is anticipated to lead the eyelid surgery market in the forecast period due to its relatively low cost and rise in geriatric population
• Clinics & surgery centers segment is expected to hold substantial share in the forecast period owing to factors such as availability of skilled professionals and increase in the number of clinics and surgery centers
• Increasing adoption of advanced medical tools and techniques is anticipated to boost market demand. For instance, the non-surgical eyelid surgery removes the excess skin and provides the same results as surgical procedures do, without the inherent complications associated with the traditional procedure.
• North America holds the largest share compared to other regions, due to quick adoption of innovative medical techniques for surgeries and high demand for aesthetic procedures
• Asia Pacific is also expected to grow significantly in the forecast period owing to increasing disposable income and growing medical tourism in the region.

Eyelid Surgery Market Segmentation

Grand View Research has segmented the global eyelid surgery market based on procedure type, end use, and region:

Eyelid Surgery Procedure Type Outlook (Revenue, USD Million, 2015 - 2026)

• Upper Eyelid Surgery
• Lower Eyelid Surgery

Eyelid Surgery End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Clinics & Surgery Centers

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

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

Scleroderma Therapeutics Market With Strong Application and Scope By 2026

 The global scleroderma therapeutics market size is expected to reach over USD 2.6 billion by 2026 registering a CAGR of 6.0%, according to a new study by Grand View Research, Inc. The market growth is credited to the availability of various therapies used off-label, such as small molecule therapies including branded, generics, and OTC drugs.

The mix of several indications and drug classes engenders a fragmented market with multiple players. Roche is the dominant company with biologic immunosuppressants, Actemra/RoActemra, Cellcept, and Rituxan contributing majorly to the company’s share. Pfizer and Eli Lilly are the key companies in the market. Over the forecast period, new entrants including Boehringer Ingelheim, Corbus Pharmaceuticals, and Fibrocell will marginally displace the share of established firms in this market.

The on-label market is in the development phase. Supplemental indication approval is one of the most common strategies adopted by market participants. For example, riociguat by Bayer was previously used for PAH and currently, it is under clinical trials for the treatment of SSc-related digital ulcers. There are several other pharmaceutical companies following suit as this strategy favors the pharmaceutical industry in offsetting high development costs and in reaping larger benefits from one molecule already developed and present in the market.

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

Further key findings from the study suggest:

• The immunosuppressants segment held the largest market share in 2018 and is likely to maintain the dominance throughout the forecast years
• High preference for immunosuppressants owing to the favorable reimbursement scenario associated with this drug class supports its dominant market share
• Systemic scleroderma indication segment accounted for the major market share and will expand further due to use of high-priced immunosuppressants
• S. held the majority of the share in 2018. Expected label expansions and expected launch of first-in-class therapies coupled with an evolving reimbursement landscape for orphan drugs support continual scleroderma therapeutics market growth
• Europe trails with a lower share as compared to the U.S. majorly due to higher use of generics and biosimilars for off-label treatment of scleroderma
• Some of the key companies are F. Hoffman La-Roche Ltd.; Bristol-Myers Squibb Company; Celgene Corp.; arGentis Pharmaceuticals, LLC; Bayer AG; Boehringer Ingelheim International GmbH; Akashi Therapeutics; Prometic Life Sciences, Inc.; Emerald Health Pharmaceuticals; Kadmon Holdings, Inc.; Seattle Genetics, Inc.; Cytori Therapeutics, Inc.; Fibrocell Science, Inc.; Chemomab; Corbus Pharmaceuticals Holdings, Inc.; and Genkyotex SA

Grand View Research has segmented the global scleroderma therapeutics market on the basis of drug class, indication, and region:

Scleroderma Therapeutics Drug Class Outlook (Revenue, USD Million, 2014 - 2026)

• Immunosuppressors
• Phosphodiesterase 5 Inhibitors - PHA
• Endothelin Receptor Antagonists
• Prostacyclin Analogues
• Calcium Channel Blockers
• Analgesics
• Others

Scleroderma Therapeutics Indication Outlook (Revenue, USD Million, 2014 - 2026)

• Systemic
• Localized

Scleroderma Therapeutics Regional Outlook (Revenue, USD Million, 2014 - 2026)

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

Oral Irrigator Market Expected to Deliver Dynamic Progression By 2026

 Oral Irrigator Market Growth & Trends

The global oral irrigator market size is expected to reach USD 1.1 billion by 2026, according to a new report by Grand View Research, Inc., registering a 3.4% CAGR during the forecast period. Introduction of technologically advanced dental care products and growing incidence of oral diseases, such as dental caries and periodontitis, are majorly driving the market.

Easy availability of oral irrigators for end users like dentists and consumers is one of the drivers of the global oral irrigator market. These are available through various online portals such as Amazon, eBay, and AliExpress, and medical stores.

Initiatives by various dental organizations and agencies, especially in developing countries such as India, are significantly impacting market growth. In India, agencies such as eDantSeva, National Tobacco Control Programme (NTCP) and National Institute of Cancer Prevention and Research (NICPR) conduct programs for increasing awareness regarding dental hygiene and habits, further propelling the market.

Oral irrigators are expensive as compared to traditional floss products, which is hampering oral irrigator market growth. Nonetheless, value benefits offered by manufacturers for the promotion of technologically advanced products, along with increasing pricing competition, is estimated to lower the impact of high costs and increase its popularity among consumers. This is likely to help shift individual preference from tradition flossing methods to using efficient oral irrigators.

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Oral Irrigator Market Report Highlights

• Cordless product variants formed the leading segment owing to features such as safety, portability, and reasonably priced. The countertop segment is also likely to witness steady growth owing to convenience as they do not require charging like cordless devices
• Product adoption for home use has been on a rise owing to increasing popularity of technologically advanced products and growing awareness regarding benefits of regular flossing and good dental hygiene
• Increasing prevalence of teeth and gum disorders on a global scale, rise in population in developing economies, and increase in spending power of consumers are anticipated to majorly drive the oral irrigator market
• Some of the key players in the market are Church & Dwight Co., Procter & Gamble, Jetpik, Aquapick, and Conair Corporation.

Oral Irrigator Market Segmentation

Grand View Research has segmented the global oral irrigator market based on product type, application, and region:

Oral Irrigator Product Type (Revenue, USD Million, 2015 - 2026)

• Countertop
• Cordless

Oral Irrigator Application (Revenue, USD Million, 2015 - 2026)

• Home
• Dentistry

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

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

Wellness Tourism Market to Expand with Significant CAGR During 2019 – 2026: Grand View Research Inc.

 The global wellness tourism market size is expected to reach USD 1.2 trillion by 2026 registering a CAGR of 7.1%, according to a new report by Grand View Research, Inc. Rising number of health-conscious people is contributing to the increasing demand for wellness activities at popular travel destinations. Promotional campaigns arranged by various governments are also encouraging wellness tourism across the globe. Rising disposable income levels, especially in developing regions like China, India, and Mexico, have contributed to the increasing demand for wellness activities.

Key companies in the market offer various wellness services, such as spa services, mindfulness training, accommodation, and food & beverages. Preference for wellness activities along with vacation due to rising cases of various health issues associated with stress, such as insufficient sleep and physical inactivity, will drive the market further. According to the National Center for Chronic Disease Prevention and Health (NCCDPHP), the productivity losses from absenteeism cost employers USD 225.8 billion or USD 1,685 per person, annually.

Europe was the dominant regional market in 2018 as it has been a popular travel destination for years. On the other hand, Asia Pacific is expected to witness the fastest CAGR from 2019 to 2026. China and India are the key markets in Asia Pacific region. In India, Heaven on Earth airport spa chain announced their merger with Serena Spa in January 2016. This merger helped Heaven on Earth become the largest spa company in India. Thus, such business strategies adopted by key companies in the region will augment the market growth further.

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

Further key findings from the study suggest:

• The lodging services segment held the largest market share in 2018 and is projected to maintain its leading position throughout the forecast period
• Wellness activities segment is anticipated to witness the fastest CAGR over the forecast period from 2019 to 2026 as these services focus on health and wellbeing while traveling
• Based on travel purpose, the market is segmented into primary and secondary wellness tourism. The secondary segment led the market, in terms of revenue, in 2018
• The domestic travel type segment held the largest market share in 2018 owing to increased expenditure by domestic tourists on wellness activities
• Some of the key companies in the global wellness tourism market are Accor Hotels, Hilton Worldwide, Hyatt Hotels, InterContinental Group, Marriot International, Radisson Hospitality, and Rosewood Hotels
• In May 2018, Accor Hotels acquired Mantra Group to expand the geographical presence, especially in Asia Pacific. Accor also acquired Fairmont Raffles Hotels in July 2016
• These acquisitions helped enhance Accor’s brand portfolio and provided Accor with a significant position in the hospitality industry

Grand View Research has segmented the global wellness tourism market on the basis of service, travel purpose, travel type, and region:

Wellness Tourism Service Outlook (Revenue, USD Billion, 2015 - 2026)

• In-country Transport
• Lodging
• Food & Beverage
• Wellness Activities
• Shopping
• Others

Wellness Tourism Travel Purpose Outlook (Revenue, USD Billion, 2015 - 2026)

• Primary
• Secondary

Wellness Tourism Travel Type Outlook (Revenue, USD Billion, 2015 - 2026)

• Domestic
• International

Wellness Tourism Regional Outlook (Revenue, USD Billion, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • Indonesia
• 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.

Medical Spa Market is Likely To Touch USD 33.9 Billion by 2026: Grand View Research Inc.

 The global medical spa market size is expected to reach USD 33.9 billion by 2026 registering a CAGR of 13.8%, according to a new report by Grand View Research, Inc. Increasing number of aesthetic treatment alternatives is projected to be one of the key growth-driving factors. Moreover, integration of business areas like travel, hospitality, cosmetics, fitness, etc. with wellness tourism, especially in U.S., India, China, and Thailand, is expected to drive the market further. Technological advancements, such as laser systems, have resulted in increased cost of medical spa procedures. For instance, in 2016, the average cost of a laser skin resurfacing procedure increased by around 15%.

However, rising disposable income levels will drive the demand for novel procedures. Growing popularity of wellness tourism is anticipated to further expand the market in the forecast period. In 2017, an international wellness tourist spent an average of around USD 1,528 per trip, accounting for 53% more than a typical international tourist. It is estimated that the domestic wellness tourists spend 178% more premium than any other domestic tourist. North America led the global market in 2018 due to technological advancements and increasing number of new entrants in the medical spa industry.

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

Further key findings from the study suggest:

• Facial treatment dominated the service segment in 2018 and will maintain its position throughout the estimated period due to increasing demand for minimally invasive aesthetic treatment procedures
• On the other hand, the body shaping & contouring service segment is expected to witness the fastest CAGR over the forecast period
• North America dominated the medical spa market in 2018 in terms of revenue share pertaining to the technological advancements, and the increasing number of new entrants in the medical spa industry.
• Asia Pacific is anticipated to be the fastest-growing regional market from 2019 to 2025 owing to thepresence of well-established beauty market
• Asian spas are traditionally focused on the beauty aspect of wellness, however, in the past few years, such spas are expanding their services to meet the increasing demand for cosmetic alteration with procedures, such as body contouring, nonsurgical skin tightening, and scar revision
• Key industry participants include Chic la Vie Med Spa, Clinique La Prairie, Kurotel - Longevity Medical Center and Spa, Lanserhof Lans, The Orchard Wellness Resort, BIOVITAL Med Spa LLC, Allure MedSpa, and Longevity Wellness Worldwide

Grand View Research has segmented the global medical spa market on the basis of service and region:

Medical Spa Service Outlook (Revenue, USD Million, 2015 - 2026)

• Facial Treatment
• Body Shaping & Contouring
• Hair Removal
• Scar Revision
• Tattoo Removal
• Others

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

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

Spinal Cord Stimulation Devices Market to Surpass USD 3.58 Billion by 2026: Grand View Research Inc.

 Spinal Cord Stimulation Devices Market Growth & Trends

The global spinal cord stimulation devices market size is anticipated to reach USD 3.58 billion by 2026 registering a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Increasing incidence of failed back syndrome and complex regional pain syndrome is anticipated to boost the market growth. Failed back syndrome occurs as a chronic pain after spinal surgeries for back or leg pain. After spinal surgery, the pain gets reduced or the condition may get worst due to scar tissue which build up around the spinal nerve roots.a

Spinal cord stimulation device is used to treat patients who failed to get the result from spinal surgeries, by blocking the pain before it reaches the brain. Thus, increasing number of patients suffering from chronic pain after surgeries is likely to augment the product demand over the forecast period. In addition, technological advancements are expected to fuel the market growth further. For instance, Medtronic’s Intellis is a smallest implantable spinal cord stimulator designed to overcome limitations with the current systems.

The high dose therapy of the device helps reduce the pain for the patients suffering from diseases, such as degenerative disk disease. Key companies are introducing technologically enhanced products to gain competitive advantage in the industry. For instance, in January 2019, Boston Scientific launched its Spectra WaveWriter spinal cord stimulator in Europe. It is used for the treatment of chronic pain through electrical impulses. This new system also allows physicians and patients to customize their therapy.

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Spinal Cord Stimulation Devices Market Report Highlights

• Rechargeable device segment led the global market in 2018 and is projected to expand further at the fastest CAGR from 2018 to 2026
• This is attributed to the factors, such as new product launches by key companies and increasing number of patients suffering from neuropathic pain
• Failed back syndrome was the dominant application segment in 2018 owing to high number of patients suffering from pain after spinal surgeries
• North America led the global spinal cord stimulation devices market in 2018 owing to the increased incidence of post-laminectomy syndrome followed by chronic longstanding back pain

Spinal Cord Stimulation Devices Market Segmentation

Grand View Research has segmented the global spinal cord stimulation devices market on the basis of product, application, and region:

Spinal Cord Stimulation Devices Product Outlook (Revenue, USD Million, 2015 - 2026)

• Rechargeable
• Non-rechargeable

Spinal Cord Stimulation Devices Application Outlook (Revenue, USD Million, 2015 - 2026)

• Failed Back Syndrome
• Complex Regional Pain Syndrome
• Degenerative Disk Disease
• Unsuccessful Disk Surgery
• Others

Spinal Cord Stimulation Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)

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