Healthcare Supply Chain Management Market is Estimated To Attain USD 3.4 Billion by 2025

 Healthcare Supply Chain Management Market Growth & Trends

The global healthcare supply chain management market size is expected to reach USD 3.4 billion by 2025, according to a new report by Grand View Research, Inc., registering an 8.7% CAGR during the forecast period. Growing adoption of GS1 standards and Unique Device Identification (UDI), emergence of cloud-based solutions for the healthcare industry, and increasing adoption of mobile-based supply chain management solutions are key factors contributing to market growth. Growing requirement for reduction in operating costs among healthcare organizations is another major factor positively impacting the market.

Increasing pressure encountered by healthcare providers to improve operational profitability and efficiency plays a vital role in increasing revenue growth. Growing demand to limit large-scale counterfeiting of drugs in the pharmaceutical industry is also boosting the growth of the market. Significant improvements in supply chain management solutions with respect to data security is fueled by changing health patterns of the population. According to CDC, half of the adult population in the U.S. has one or more chronic health conditions. This further helps in creating a more patient-centered supply chain that can be provided when and where patients need it.

Mobile apps have become an essential part of supply chain management solutions and logistic companies in developed as well as developing countries have begun relying on GPS-enabled mobile applications.There are several supply chain management apps available today. For instance, Curvo Labs designed a platform to upsurge supply chain efficiency by automating and modernizing supply chains in hospitals and healthcare organizations.

Market players such Oracle Corporation; SAP; Logi-Tag Systems; McKesson Corporation; Manhattan Associates; Tecsys; Infor Inc.; Global Healthcare Exchange (GHX); Jabil; and AmerisourceBergen are focused on increasing collaborations with other industry players to gain a competitive edge. Mergers and acquisitions and service differentiation are some of the other key strategies adopted by these companies to strengthen their market presence. For instance, in March 2019, Jump Technologies collaborated with X3 Consulting Group to streamline supply chain processes and mitigate risks for hospitals by implementing the Jump Stock software solution.

Request a free sample copy or view report summary: Healthcare Supply Chain Management Market Report

Healthcare Supply Chain Management Market Report Highlights

• By product, software emerged as the largest segment in 2018 with a revenue share of 39.2%
• Based on mode of delivery, the cloud-based segment accounted for the dominant revenue share in 2018. The segment is also expected to exhibit the fastest CAGR over the forecast period
• On the basis of end use, healthcare manufacturers emerged as the leading segment. However, distributors are expected to register significant growth rate through 2025
• North America accounted for the largest share due to rising patient burden in the U.S., implementation of various strategies to enhance healthcare supply chain management, and growing adoption of scanning technologies such as barcodes and RFID in the region
• Asia Pacific is anticipated to exhibit a lucrative CAGR of 9.7% over the forecast period owing to increased implementation of technologically advanced solutions in countries such as, China, India, and Japan
• Oracle Corporation; SAP; Tecsys; Infor Inc.; Manhattan Associates; Global Healthcare Exchange (GHX); Logi-Tag Systems; AmerisourceBergen; and Jabil are some of the leading players in the market.

Healthcare Supply Chain Management Market Segmentation

Grand View Research has segmented the global healthcare supply chain management market on the basis of product, mode of delivery, end-use, and region:

Healthcare Supply Chain Management Product Outlook (Revenue, USD Million, 2014 - 2025)

• Software
• Hardware
  • Barcodes
  • RFID Tags
• Services

Healthcare Supply Chain Management Mode of Delivery Outlook (Revenue, USD Million, 2014 - 2025)

• On-premise
• Cloud-based
• Web-based

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

• Healthcare Manufacturers
• Healthcare Providers
• Distributors
• Logistics

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

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

Cryogenic Equipment Market Top Companies, Trends and Growth Factors Details for Business Development By 2022

 Some Recent Developments

In April 2020, Chart Industries has been awarded a design study for hydrogen fuel cells by a naval architect researching hydrogen propulsion through fuel cells for a variety of medium and large ships. Chart holds over 500 liquid hydrogen references, specialist know-how and in-depth hydrogen risk mitigation experience, and therefore it was selected for this kind of project. It will give Chart Industries one more opportunity to show its expertise and to boost its credibility in the market.

In February 2020, Chart Industries, Inc. signed a Letter of Cooperation with ExxonMobil India LNG Limited, an affiliate of ExxonMobil, and Indian Oil Corporation focused on pioneering virtual pipelines to accelerate gas access in India.  Virtual pipelines deliver liquefied natural gas by road, rails and waterways not connected by physical pipelines. This opens up company for several cryogenic applications, helping the demand for equipments required for it.

In May 2020, Linde announced that it has started up the first of two new high-purity nitrogen generators in Shanghai, China, as part of a 20-year contract to supply ultra-high purity industrial gases to GTA Semiconductor. The second generator is expected to come on stream by 2022. The new plant is located in the Shanghai Lingang Industrial Zone, one of the largest industrial parks in Shanghai. Linde will supply GTA Semiconductor's US$5.1 billion wafer fabrication plant with ultra-high purity gases such as nitrogen, oxygen, argon, carbon dioxide, as well as compressed dry air (CDA). This will also create demand for cryogenic equipments, giving it a boost in that region.

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

In November 2019, Washington-based BioLife Solutions Inc. bought Custom Biogenic Systems. Inc., a Bruce Township-based cryogenics equipment supplier for $11 million I cash and $4 million in common stock. The deal gives BioLife a new revenue source and technology as the firm aims to build its cryopreservation capabilities and hit $100 million in revenue.

In April 2019, Cardiff based Cryo Storage Solutions secured the final tranche of a £150,000 funding round to complete development of a new cryogenic, low temperature sample storage facility. Cryo Storage Solutions offers a range of cryogenic and -80 degrees celsius storage, disaster recovery and product or risk management services. They hold the exclusive Cryotherm distribution agreement for both the UK and Eire, allowing them to supply high end cryogenic equipment, Dewars, Bio-banks and SiVL Pipework systems. This investment will enable the company to complete its Human Tissue Authority license, meeting increasing demand for high quality cryogenic storage from hospitals, medical research organisations and others, leading to more demand for the cryogenic equipments in the market.

In November 2018, the technology company The Linde Group was awarded a contract from Chinese chemical and energy company Inner Mongolia Huineng Coal Chemical Co Ltd to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia. The Linde Engineering group became responsible for engineering, procurement and site services for the LNG plant with a nameplate capacity of 750,000 tons of liquefied natural gas per annum. The plant’s technology was based on Linde’s proprietary LIMUM process, a multi-stage mixed refrigerant process that provides best-in-class energy efficiency, and proprietary core cryogenic heat exchangers. This deal became an important deal, as it helped Linde group in establishing itself in that region.

In November 2018, Chart Industries, Inc. announced that it completed the acquisition of VRV S.r.l. and its subsidiaries. VRV is a diversified multinational corporation with highly automated, purpose-built facilities for the design and manufacture of pressure equipment serving the Cryogenic and Energy & Petrochemical end markets. This acquisition helped Chart Industries to gain more expertise and technology to expand its own business in new regions.

In January 2018, Chart Industries, Inc. announced the acquisition of Skaff Cryogenics & Cryo-Lease, LLC. Skaff provides quality repair service and remanufacturing of cryogenic and liquefied natural gas storage tanks and trailers. Skaff also maintains a portfolio of cryogenic storage equipment that is leased to customers for temporary and permanent needs.  Customers include major gas suppliers, as well as a variety of smaller distributors and end users. This acquisition of Skaff expands Chart’s direct regional presence for service and aftermarket support in the Northeast United States.  This is a very strategic expansion for Chart, as they drive to bring more value to their customers.

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.

Public Relations Tools Market to Record an Exponential CAGR by 2024: Grand View Research Inc.

 Public relations (PR) has become a very critical aspect for the effective marketing of an organization. The creation and maintenance of a good public image and reputation is a continuous and challenging process. Every type of industry has a target audience, and it becomes very important to establish a relationship with them, without which there is a danger of failing to communicate their products or services to this demographic. Once established, this relationship is to be kept at a high level, or else the target group will move away from the brand. PR tools such as content creation and marketing, social media management and relationship management are utilized in these scenarios for optimal results.

Marketing activities have assumed great importance for organizations in every industry, in order to spread information about their brand and understand the behavior of the target customers. Consumers have turned to the internet in order to obtain information regarding a product or service, and this is where public relation tools play an important part, by providing articles and videos to provide knowledge to the customers. Brands make use of social media platforms such as Twitter, Facebook and LinkedIn, among others, and it becomes necessary to track the activities on each platform to understand how to manage updates and campaigns. The importance of public relations tools can be gauged from the fact that majority of the companies globally have separate PR, content marketing and social media teams.

The growth of digital media in the past few years has introduced bloggers and influencers to the fold of public relations. Major brands, particularly in consumer and luxury goods space, use the pulling power of influencers on platforms such as Instagram and YouTube, in order to market their products to a wider audience. This factor has created very high demand for the public relations tools market in recent years. Additionally, there has been an exponential rise in the demand for tools based on analytics and aggregation to better understand the current trends and predict the consumer behavior, thus boosting the Public Relations Tools Market growth.

In terms of industry, the public relations tools market has been segmented into BFSI, consumer goods and retail, government and public sector, healthcare, IT & Telecom, and Media and entertainment. The consumer goods and retail segment is expected to account for the largest market share by 2024, on account of the ever-present and ever-increasing requirement to reach and wider audience, and the presence of strong competition in every segment. This has created the necessity for the monitoring and tracking of customers in order to gauge their understanding and opinion, and consequently make improvements to their product. Long-term relationship has also become a critical aspect in other sectors, particularly in healthcare, and IT & telecom, which is expected to generate a substantial revenue for the market.

Based on application, the public relations tools market has been classified broadly into online media and content marketing. The content marketing segment is expected to account for a significant share in the market, with successful implementation of PR tools ensuring that the product or service can be advertised in a unique manner, thus differentiating the company from its competitors. Content marketing includes e-books, videos, webinars and educational articles which can help brands in communicating their value proposition. The online media segment is anticipated to grow at a rapid pace in the coming years, as social media and blogging have become critical aspects in a company’s promotional setup. Overall, both content marketing and online media are expected to co-exist in coming years, to generate optimum ROI for the brand.

With regards to solution, the PR tools market has been segmented into publishing tools; social media monitoring and management; content creation and distribution; data aggregation, monitoring and analysis; and relationship management. Social media monitoring is expected to remain a critical promotional aspect for organizations, with the rapidly increasing presence of social media platforms such as Twitter, Facebook and Instagram, and the acknowledgement of their importance in generating sales and revenue as opposed to just being a communicator of the product or service. This, in combination with content creation and distribution, can become critical in enhancing the brand visibility and popularity.

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

Region-wise, the public relations tools market has established itself in North America and Europe, mainly due to the presence of major brands, coupled with the widespread usage of various social media channels among the general population, thus widening the reach for companies. According to eurostat, 53% of enterprises in the European Union made use of at least one type of social media (social network, corporate blog or microblog, multimedia content-sharing sites, or wiki-based knowledge-sharing tools), with social networks being used by more than half of these organizations. Asia Pacific is expected to catch up with these regions quickly, on account of the rapidly growing awareness regarding social media channels, rising internet adoption due to strengthening of the telecom infrastructure, and the steady growth in population.

Recent Trends and Developments

In May 2020, Cision announced the launch of the article-level viewership data feature, made available as part of Cision Impact in the Next Generation Communications Cloud. Article-level data enables communicators to understand which journalists and publications perform best with their target audiences, thus helping them adopt a data-driven, systematic approach to their PR and communication functions. The article-level viewership data provides data-driven outreach, competitive intelligence, industry analysis, content performance and crisis mitigation.

Cision released its 2020 State of the Media Report in April, uncovering the latest trends and challenges facing the media industry, and the optimal manner in which PR professionals and journalists can work together. With the COVID-19 pandemic gripping the globe, the survey took into account the impact of coronavirus on the functioning of the PR industry. key report findings showed that 51% of journalists stated that ensuring 100% accurate content is more important than revenue, exclusivity, or being the first to publish, and more so in the current scenario, where authentic data and information is of utmost importance. Moreover, 41% of the respondents stated that social media algorithms will be the game-changer with regards to the way they work. These findings underline the importance of online media for PR professionals in coming years.

In February 2020, Meltwater announced the addition of podcast monitoring into their product suite, which would enable customers to monitor 25,000 podcasts globally in real-time. The company would be adding over 3,000 new podcasts to the platform every day, from more than a dozen languages. Further, the customers would be able to monitor podcasts for all the keywords that are important to them, while also being able to monitor and analyze them. The rising importance of podcasts will compel market players to adopt similar tactics, thus driving the PR tools market.

COVID-19 Impact: The COVID-19 pandemic has had a significant impact on how brands are providing information to consumers, especially the healthcare sector. The online traffic has seen double-digit growth since the onset of the pandemic, with consumers looking for content regarding preventive measures, as well as using social media platforms to propagate useful and authentic information. The presence of stay-at-home orders has meant that social media is being used uniformly throughout the day, which has sprung PR professionals into action regarding novel campaigns, thus driving the PR tools market. Moreover, these tools are also becoming potent to identify the peak utilization times of various platforms, thus helping brands to organize campaigns more effectively in this period.

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.

Embedded Non-volatile Memory Market: Precise Analysis on Business Overview, Product Scope And Ongoing Market Development 2012 – 2022

 Embedded non-volatile memory (eNVM) refers to a small-sized chip that can meet a number of embedded system applications. The technology has made modern computing systems scalable and much faster, while it also enables secure storage without compromising reliability. The market for eNVM is anticipated to register strong growth in the near future, on account of the emergence of attractive memory technologies such as RRAM (resistive RAM) and modernization of the FRAM architecture.

The increasing requirement for secure connected devices is a major factor driving the development of the embedded non-volatile memory market. Furthermore, eNVM finds major use in smart cards, microcontrollers, PMIC, SIM cards and display driver IC for data encryption, programming, trimming, identification, coding, and redundancy. The growing competition in the consumer electronics space due to increased competition is also expected to create significant demand for low power, low cost memories in the coming years. Additionally, the introduction of smart cars has created opportunities for major market players, in areas such as heads-up display and keyless push button start features.

The exponential growth in popularity of IoT applications for building smart devices, which are witnessing huge market demand in the developed and emerging economies in recent years, is expected to drive the embedded non-volatile memory market. Internet of Things has covered a number of critical applications in a very short period of time, such as consumer electronics, retail, transportation, manufacturing and healthcare. The healthcare segment has shown particularly strong demand, with IoT being utilized to manage daily clinical applications, while also tracking hospitalized patients. As such, embedded non-volatile memory has a very important role to play in these segments.

With regards to product, the embedded non-volatile memory market has been segmented into eFlash, eE²PROM and FRAM and RRAM. The eFlash segment is expected to account for the lion’s share of the market in the coming years, as it finds widespread application in smart cards, wearables, factory automation systems and autonomous vehicles. They are also an important component for IoT devices that use eFlash to enable smart, flexible, and secure products that can be updated wirelessly, or over-the-air (OTA). Furthermore, the product offers quality performance, and are used by microcontrollers to store code and data on which processing is performed.

Request a free sample copy or view report summary: Embedded Non-Volatile Memory Market Report

eE²PROM segment has been projected to show substantial growth in the coming years, as it is suited for devices offering enhanced data security; however, products such as RRAM are expected to offer stiff competition to its market growth. RRAM is capable of storing large volumes of data, and is expected to become an integral part of data centers in coming years. Notable companies are developing RRAM using different types of materials such as silicon (Crossbar) or tantalum oxide (Intel), among others. FRAM (Ferroelectric RAM) is expected to show noticeable growth on the back of factors such as low power consumption, high read/write speeds, high read/write endurance, and use as either flash memory or working RAM, which make it a promising component in unified code/data computing.

Region-wise, Asia Pacific is anticipated to lead the embedded non-volatile memory market in the near future, aided by the presence of a number of major foundries as well as smart device manufacturers in the region. Countries such as India and China have generated huge demand for these products due to the large-scale industrialization along with availability of low-cost raw materials. North America is also expected to witness sizeable market growth in the next few years, driven by the presence of major MCU manufacturers such as Silicon Lab, and Texas Instruments in the region.

Recent Developments

In March 2020, eMemory launched ‘NeoMTP’, its reprogrammable NVM solution, on TSMC’s Third-Generation 0.18μm Bipolar-CMOS-DMOS (BCD) process for providing IoT power-management solutions and cost competitiveness. Further, this development offers IC designers a number of benefits such as higher integration, smaller footprint and lower power consumption. The technology, introduced in September 2019, has major utilization in the designing of USB Type-C devices and wireless chargers, which are being increasingly adopted by smartphones to offer fast-charging options to the user.

Singapore-based Nanyang Technological University (NTU) entered into a partnership with GlobalFoundries in October 2019 for conducting research on resistive random-access memory (ReRAM) spanning a period of four years. The findings and developments in this undertaking are expected to lead to durable and cheaper technology for developing driverless cars, home sensors and other devices in the Internet of Things (IoT), which have gained rapid traction in the past few years among consumers.

In July 2019, Applied Materials, Inc. launched innovative, high volume manufacturing solutions to accelerate the industrial adoption of new memory technologies targeting critical areas such as Internet of Things (IoT) and cloud computing. These systems enable novel materials that are the key to develop memories such as MRAM, ReRAM and PCRAM, to be deposited with atomic-level precision. The platforms include Endura® Impulse™ PVD for PCRAM and ReRAM, and the Endura® Clover™ MRAM PVD. This development is expected to boost market development of embedded non-volatile memories in areas such as data centers and IoT devices.

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 Cold-end Exhaust System Aftermarket During 2018 – 2025 to Gain Robust Traction: Grand View Research Inc.

 Some Recent developments

In January 2020, MagnaFlow entered the UTV market with a new cat-back exhaust system for 2017-20 Can-Am Maverick X3 models. The new exhaust system (part number 8101201) uses 2.5-in. mandrel-bent stainless-steel tubing and a 14-in. muffler with an aggressively styled dual-exit design, to give your Can-Am the deep signature MagnaFlow growl, without the drone associated with other systems on the market. This new venture by MagnaFlow provides the company new region top explore and gain demands from. It will work out for the company well in the longer run.

In October 2019, MagnaFlow launched its new modular, cat-back exhaust system designed for the 2020 Toyota Supra. This new system, dubbed xMOD, will eventually spread to other applications. This system can be customized as it sits after installation thanks to a series of modular components that can be swapped in and out in minutes using quick-release v-band clamps. Given these abilities of the system it is expected to turn a lot of heads in the automotive exhaust market. This will also boost the growth rate of cold-end exhaust system in the aftermarket.

In March 2019, MagnaFlow suffered a setback, when it was penalized by Environmental Protection Agency (EPA) for manufacturing and selling diesel truck parts that bypass or disable emissions control systems, in violation of the Clean Air Act. It sold 5,674 aftermarket exhaust systems intended for trucks from 2001 to 2007, which allowed for the removal of newer exhaust control systems that reduce emissions. This act has caused the company to be heavily penalized by the agency to the tune of more than $600,000. These penalties and the rules for environmental safety will act as hindrances for the growth.

In February 2020, Flowmaster releases new American thunder exhaust for Ram & Silverado Company. Flowmaster’s American Thunder series exhaust uses Delta Flow technology to increase performance and deliver a deep, powerful sound. Their new exhaust lineup is designed for 2014-2019 RAM 3500 models with the 6.4L Hemi engine. Flowmaster has also expanded to cover 2020 Chevy/GMC 2500HD & 3500HD trucks equipped with the 6.6L gas engine.  It will provide improved performance and fuel economy while producing a moderate tone inside and outside the truck, leading to better demand in the market for the systems.

In January 2019, MagnaFlow introduced the DPF-Back Exhaust for 2018-19 Ford F-150 diesel trucks. The system has two configurations, black-coated and polished dual-tip. The systems are fully compliant to the emission standards in every state of the U.S. This new exhaust system utilizes 4″ tubing, welded intercooled tips to enhance exhaust aesthetics, all in a simple, clamp-on exhaust configuration that provides the signature MagnaFlow sound. Also, this launch boosts the credibility of the exhaust systems by MagnaFlow for the market.

In-depth report on global cold-end exhaust system aftermarket by Grand View Research:

https://www.grandviewresearch.com/industry-analysis/cold-end-exhaust-system-aftermarket-industry

In May 2019, The Eberspaecher Group of Companies invested in a component plant for exhaust technology in Mexico. The new building in Saltillo will house manufacturing facilities for existing and future contracts in the NAFTA market. The planned facility with approximately 15,000 square meters of manufacturing space will produce complete exhaust systems as well as components such as particulate filters and catalytic converters for the NAFTA market. The first batch of products rolled out at the end of 2019.

In May 2019, Calsonic Kansei and Magneti Marelli announced that they would be moving to a single brand (Marelli), and in September, they announced that they would be changing their legal name in October 2019. While Calsonic Kansei now legally operate as ‘MARELLI Corporation’, Magneti Marelli is called as ‘MARELLI Europe S.p.A.’. The move comes on the back of parent MARELLI planning to compete effectively on the global scale. Major affiliate companies are also called by the MARELLI name from October 2019.

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.

Household Vacuum Cleaners Market Witness Excellent Revenue Growth During 2012-2022: Grand View Research Inc

Some Recent developments

Lockdown restrictions due to pandemic have caused increase in the tendency to automate house works. This house automation frenzy has also affected the sales in the vacuum cleaner market, causing it to accelerate at a high rate. Due to the absence of domestic help in several household, several busy and elderly families are turning to machines for some respite from the works. For example, Chinese manufacturer Xiaomi, which has been aggressively marketing its appliances, launched a robotic vacuum cleaner in mid-April and by May received 75% of pre-orders from top cities in the countries it was launched, specially India.

In March 2020, Ecovacs has launched its new AI-driven robotic floor cleaner called as Deebot Ozmo T8 AIVI. It features simultaneous vacuuming and mopping with advanced laser-based home mapping, object identification and avoidance, and remote monitoring. The robotic vacuum is equipped with TrueMapping laser mapping and navigation technology, based on advanced DToF sensor and AIVI (Artificial Intelligence and Visual Interpretation) technology featuring a high-performance AI chipset and camera module. Its ability to map any home at a very quick pace and with greater precision than current LDS navigation technology makes it a product highly sought after.

On May 2020, LG launched its next-generation vacuum model, the LG CordZero cordless stick vacuum featuring Kompressor technology. The vacuum features 200 watts of powerful suction, a portable charging stand and five-step HEPA filtration system that filters 99.99% of dust, pollen and pet dander. With Kompressor technology that condenses dirt, pet hair and debris, it fits more in the dust bin while maintaining an easy-to-maneuver design. This new LG product is starting to earn a name for itself in the market, due to its many capabilities, which includes two upgraded quick-release rechargeable lithium-ion batteries giving the user 120 minutes of continuous cleaning while charging. It is supposed to garner greater demands in the market as days pass.

In May 2019, iRobot launched two new robots named Roomba s9+ robot vacuum cleaner and the Braava jet m6 robot mop, which complement each other while doing cleaning job. The two robots can use iRobot’s Imprint Link Technology to “talk to each other” — vacuuming and then mopping automatically. The technology also works with the Roomba i7+, which was launched in September of previos year. iRobot is thus introducing two robots that can clean together “as a team.” Owners of the robots can initiate a “Linked clean” in the iRobot Home app. This new launches have fascinated a lot of people all around and has garnered much hype and demand from people, boosting the market growth rate.

In January 2020, at CES 2020, LG Electronics unveiled new cord-less cleaning products with mopping capabilities called the LG CordZero ThinQ A9 Stick Vacuum and the CordZero ThinQ Robotic Mop. The LG CordZero Robotic Mop features power drive dual spin mops enhanced with Dual Eye technology. With its front-mounted Dual Eye camera, the robotic mop can accurately detect and recognize its surroundings to avoid collisions with household furniture and pets. Along with this, several different technological advancements have made it something to look forward to in the household vacuum cleaners market.

In September 2019, Qingdao Haier completes the acquisition of the renowned Italian appliance maker, Candy, which strengthened its global leadership in snart home appliance sector. The acquisition perfectly fits into Haier's strategy to attain a leading position in all regions across the world. The acquisition will benefit from the high complementarity of Haier and Candy's brand portfolios and product platforms in covering all market segments in terms of pricing and product offering, and in providing sustainable home-living solutions to European and global customers. It will provide a fresh source of energy to Haier and will help it initiate innovations in household vacuum cleaner product line as well.

In September 2019, Shark has expanded its assortment of robotic vacuums with the debut of the IQ Robot Self-Empty unit. The new vacuum features room-by-room navigation, a self-cleaning brush roll and a self-empty dock. The dock allows the robot to empty its contents into a bagless base allowing it to be ready for the next cleaning job. This product of Shark makes sure that it has entered the market with a surety to flourish.

In August 2019, Bissell is expanding its assortment of floor care products with the launch of its ICONpet high-powered cordless vacuum. The unit’s digital motor turns up to 420 miles per hour, has three power modes that allow the vacuum to be used on a variety of flooring surfaces and its lithium battery provides up to 50 minutes of cordless cleaning. It provides a helping hand to pet-owners during the shedding days, making it good product to bet on.

Want to Access Research Report of Household Vacuum Cleaners Market Click the Link Below: https://www.grandviewresearch.com/industry-analysis/household-vacuum-cleaners-market

About Grand View Research

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

Demand Digital Asset Management Market Increasing in Most Part of World 2025

 Some Recent Developments

In August 2018, Brandfolder unveiled Smart CDN, focusing on three critical features – the first of which automatically facilitates the dissemination of online changes to any asset, ranging from a logo or image to a significant corporate rebranding.  In addition, Brandfolder clients can leverage Smart CDN to reformat assets directly within their Brandfolder and manage usage rights through Digital Rights Management (DRM) capabilities. Its AI-powered tools auto-tag assets upon import, which further allows users to search for images with specific criteria. It gives a good helping hand to the user while dealing with the data at crucial times.

In June 2020, Adobe announced the integration of Adobe experience manager as a cloud service and as a part of Adobe experience cloud. This addition is making headlines as it brings together rich out-of-box capabilities and content customization options that marketers and developers demand, combined with SaaS-like agility. Also, Adobe Experience Manager as a Cloud Service is a modern, purpose-built application for experience management that integrates scalable, secure and agile content management (CMS), digital asset management (DAM), digital signage management and customer communication (CCM) applications, giving user a wholesome experience while using. Simply put, it bodes well for the Adobe DAM services in the market.

Want to Access Research Report of Digital Asset Management Market Click the Link Below: https://www.grandviewresearch.com/industry-analysis/digital-asset-management-market

In November 2019, Buzzfeed has partnered with WoodWing for its digital asset management solution, to develop a repository for BuzzFeed’s millions of photos, illustrations and other digital assets. This collaboration helps highlight the importance of DAM services in managing the large digital assets of content creators along with boosting the credibility of WoodWing in handling the high profile works, such as this.

In April 2019, Pandora selected OpenText’s Digital Asset Management platform as the asset storage and management application for its audio and display advertising.  OpenText Media Management will support the production and management of over 35,000 advertisements per year. OpenText stood out in the evaluation of Pandora, while zeroing in on the suitable DAM provider due to its robust customization capabilities and seamless systems integrations.

In May 2019, Netcentric won the Audience Choice Award Best Innovation Experience at the 2019 Adobe Awards ceremony, for implementing an innovative asset management system for Siemens. This recognition reflects the commitment of Netcentric and the amount of innovation that they put into accomplishing client’s digital visions, while making full use of Adobe Cloud Technology. Tasked with implementing a new dedicated assets management system for Siemens, Netcentric used Adobe Experience Manager Assets system to migrate millions of assets, ensuring a seamless UI that would allow users to search and filter all content with ease. Netcentric ensured the migration of 12 terrabytes of assets, providing Siemens with an entirely new and separate digital asset management user interface, which acts as a reliable and clean single point of truth for content. This highlights the importance of usage of DAM services and will definitely boost the demand for the services in the market.

In June 2019, Oracle divested itself of its Digital Media Solutions business and DIVA Content Storage Management product line to EcoDigital, a privately-held company based in Atlanta, Georgia, with previous experience in digital archiving technologies. This will enable Oracle to focus on other business capabilities and EcoDigital will bring fresh energy in the digital asset management and other digital media solutions, which will prove beneficial to the market.

In November 2018, Sitecore, a digital experience service provider, announced at its sytecore symposium the acquisition of Stylelabs, Belgium based Digital Asset Management provider. Stylelabs and Sitecore devised a marketing strategy of ‘Better Together’. According to this, Stylelabs will be integrated into Sitecore, but also will branch into new marketers in both DAM and MRM spaces. This collaboration proved to be beneficial for both the companies, along with the DAM market on the whole.

In February 2018, Bynder acquired Digital Asset Management service WebDam from Sutterstock. Like Bynder, Webdam’s focus is on helping enterprises and agencies manage their digital assets. Currently Webdam customers include the likes of Starbucks, Zillow, Alaska Airlines, Subway, HTC and Band & Olufsen. This acquisition has been helpful for Bynder as it has been able to make better on the expertise of WebDam in healthcare, education fields and in the U.S midsize company market. Along with that, it also provided Bynder a presence in Bay area, as WebDam is headquartered there.

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 LiDAR Market to Witness Tremendous Growth and Expansion by 2024

 Some Recent Developments

In June 2020, LeddarTech along with STMicroelectronics, is working on a new LiDAR evaluation kit. The evaluation kit will demonstrate technical concepts and offer development capabilities in a functional LiDAR for automotive Tier 1-2 suppliers and industrial system integrators to develop a LiDAR solution based on LeddarEngine technology. This kit will include ST’s MEMS mirror-based laser-beam scanning solutions along with technologies, products, and services from other LeddarTech ecosystem partners. This collaboration fastracks the strides industries are taking to increase the speed in volume deployment for Advanced Driver Assistance Systems, Autonomous Driving, and Industrial Applications.

In March 2020, Blickfield concluded its series A financing, which was led by the venture capital unit of Continental together with Wachstumsfonds Bayern, which is managed by Bayern Kapital, with participation of the existing investors Fluxunit – OSRAM Ventures, High-Tech Gründerfonds, TEV (Tengelmann Ventures) and Unternehmertum Venture Capital Partners. Blickfeld will use the new financial resources to ramp up production, qualify its LiDAR sensors for the automotive market and strengthen the application development and sales teams for industrial markets. This vision is actually very helpful for the development of the automotive usage of LiDAR technology in the coming years, boosting the growth of automotive LiDAR market.

In June 2019, Velodyne LiDAR acquired the mapping expert and best in the business, Mapper.ai, to accelerate the development of LiDAR based ADAS technology.  In addition to ADAS, Velodyne will also incorporate Mapper technology into lidar-centric solutions for other emerging applications, including connected and autonomous vehicles (CAVs), last-mile delivery services, security, smart cities, smart agriculture, robotics, and unmanned aerial vehicles. The acquired Mapper technology will enable Velodyne to accelerate the development of its Vella software that operates in conjunction with its directional view Velarray lidar sensor. This acquisition will be very beneficial to company as well as the market in the coming years.

In February 2020, Continental ADAS delivered a new high-resolution 3D flash lidar (HFL) sensor developed for use at close range – 50 m (164 ft) or less, is capable to paint a precise three-dimensional profile of a vehicle’s surroundings, which is very useful for automated driving. This is automotive grade and solid state, meaning no moving parts. It’s a bunch of semiconductors, which is ideal for commercial vehicle and even more so for the off-highway environment – they don’t have a lot of hours [of operation] but their environments can be pretty rigorous. This technology will drive demands from these sections of consumers in high rate.

In January 2020, Silicon Valley-based lidar company Velodyne announced its new compact lidar sensor called the Velabit at CES. The new sensor is a low cost lidar for developers of self-driving vehicles and other autonomous machines. Velabit lidar sensor advances the company's mission to make high-quality 3D lidar sensors accessible to startups working on self-driving cars and other autonomous technology. Its compactness, high performance and inexpensive nature, makes it a product highly sought after, leading to higher demands in the market.

In April 2020, Velodyne Lidar, Inc.  announced a three-year agreement with EasyMile, a global leader in driverless technology and smart vehicle solutions. EasyMile uses Velodyne lidar sensors in production of its EZ10 autonomous passenger shuttles that are deployed on public and private roads in more than 30 countries around the world. Growing adoption of EasyMile all over the world has great significance as, it will also boost the demand for LiDAR technology used in its vehicle provided by the Velodyne. This agreement hasa potential to boost the growth rate of automotive LiDAR market to a new high.

Want to Access Research Report of Automotive LiDAR Market Click the Link Below

http://www.grandviewresearch.com/industry-analysis/automotive-lidar-market

In later half of 2017, Velodyne announced the solid-state automotive Velarray LiDAR ranging system in test kits, which helped automotive consumers make important changes boosting the efficiency. With the Velarray sensor, which can be seamlessly embedded in both autonomous vehicles and advanced driver-assist safety (ADAS) systems, Velodyne LiDAR again sets the industry standard for image quality and functionality delivered in smaller, more cost-effective form factors. The Velarray enables not only fully autonomous vehicles, but also ADAS systems such as adaptive cruise control, while at the same time providing a miniature form factor and mass production target prices, leading to increased popularity all over.

In August 2016, ZF Friedrichsafen acquired 40% of Ibeo Automotive systems and joined in the biggies such as Denso, Velodyne and others in the automotive LiDAR market. This is definitely a smart move from ZF as the sensor fusion technology was what was missing from ZF’s existing sensor portfolio. Ibeo has already proven themselves with a highlight project “Lux Fusion” lidar scanners where they worked with BMW on the “Connected Drive 5” series vehicle in 2013, making it an established organization in the market. This will definitely be beneficial for Ibeo and ZF, along with the automotive LiDAR market.

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.

Endpoint Security Market Size, Latest Trends, And Factors During The Forecast Period

 Endpoint security refers to the practice of securing the entry points or end-points of a number of end-use devices such as laptops, desktops, mobile and other portable devices, in order to prevent them from being broken into or hacked by bad actors or campaigns. Endpoint security has drastically evolved from its early days of being used as antivirus software, to offering all-round protection from sophisticated malware and zero-day threats. With both big and small organizations being the target of enemy nations, hackers and organized crime, endpoint security has assumed much greater importance in today’s data-driven environment.

With more and more devices, software and application being integrated in an organizational network, there has been an exponential increase in the number of security and data alerts. The introduction and rapid growth in adoption of BYOD (Bring Your Own Device), which allows professionals to use their personal laptops or mobiles for performing official work, has added complexity to the data and network security, thus highlighting the importance of endpoint security systems. Additionally, there has been an emerging trend of virtualization, which involves separation of physical systems into a number of virtual machines that require similar endpoint protection. This has added another layer to endpoint security, thus significantly expanding the market.

A 2019 survey by SlashNext and Dark Reading revealed that 66 percent of enterprises surveyed had detected phishing attacks on their network frequently, with 41 percent of enterprises frequently detecting malware. Additionally, 36% of businesses have experienced more than one serious breach or compromise a year, while three percent experienced such a compromise on a daily basis. A separate survey by SANS in 2018 revealed that 28% of participating respondents reported that their endpoints had been breached, and only 39% of attacks were detected by traditional antivirus. All these statistics point towards the importance of presence of a sophisticated endpoint security infrastructure, which has driven the market in recent years.

Access Research Report of Endpoint Security Market

Major companies in the endpoint security market such as McAfee, FireEye and Sophos have focused their operations on developing technologies that can improve capabilities, secure internet protocols, test software and analyze vulnerabilities. furthermore, there has been a growing adoption of cloud-based security services, which enables storage of significant amounts of data at one place. Various government regulations have been put in place to oversee this aspect, which is factoring in the market growth. Endpoint security serves a number of key sectors such as IT & telecom, BFSI and Retail, which provides significant opportunities for growth and expansion to major industry players.

In terms of solution, the endpoint security market has been segmented into firewall, antivirus, application control, MDS, ID/IP and encryption technologies, among others. Antivirus segment accounts for a respectable share in the market, as it is very useful in reducing or negating the threat of trojans, viruses, worms, adware, spyware, keyloggers and rootkits. The mobile device security segment is anticipated to grow at a rapid pace in the coming years, on account of the drastic increase in the usage of mobile and portable devices across organizations, coupled with the popularity of the BYOD system that is being rapidly implemented across companies.

Based on deployment, the endpoint security market is segmented into on-premise and cloud. Cloud-based services are expected to be the dominant segment in the near future, as more and more organizations move towards adoption of cloud across every aspect of the company. Additionally, the on-premise segment is much more expensive to maintain than cloud, which has led to migration of many professionals towards the latter segment.

With regards to organization, the endpoint security market has been classified into enterprise and SMBs. The former segment currently dominates the market, and is expected to remain so in the near future, on account of constant upgradation of existing security infrastructure. SMBs are expected to show substantial growth in the market, as organizations both big and small move towards adoption of cloud technology for storing data, thus necessitating the presence of strong security systems. However, it is expected that reluctance of SMBs to outsource security services to a third party will restrain the growth of the market to some extent.

Based on application, the endpoint security market has been segmented into IT & telecom, BFSI, Industrial, education, retail and medical, among others. IT & Telecom segment is expected to remain the major customer of endpoint security systems, while BFSI is also expected to generate substantial revenue for the market, on account of the growing regulation in the finance sector.

The medical sector is expected to show noticeable growth in the endpoint security market on account of the increasing risk of hacking faced by the multitudes of internet-connected healthcare systems. Moreover, mobile healthcare has also gained a lot of prominence across developed and emerging economies, which has necessitated the presence of an efficient security system. The 2019 Healthcare Data Breach Report by HIPAA Journal found that the year saw 510 healthcare data breaches in the US, in which 500 or more records were exposed, with the total number of patient records exposed drastically increasing from 13,947,909 in 2018 to 41,335,889 in 2019.

The North American and European regions are projected to dominate the endpoint security market in coming years, owing to the presence of established healthcare and IT infrastructure, and the rapid adoption of cloud-based security in the regional economies. The growth has been accelerated by the presence of major market players such as Bitdefender, IBM, Intel, Cisco and Microsoft in these regions. Asia Pacific is anticipated to show substantial market growth in the coming years, as the trend of BYOD and cloud adoption has massively caught up with the regional organizations in recent years, and more specifically in the emerging economies of India, Malaysia and China that have seen IT and telecom sector grow by leaps and bounds.

Recent Trends and Developments

COVID-19 Impact: The global COVID-19 pandemic has led to shutdown of workplaces across global economies, with organizations instead asking employees to work from home. This is expected to become a norm even after the pandemic recedes, as organizations are taking extra precautions for their employees. A recent Gartner survey revealed that 70% of the CFOs would be encouraging employees to work remotely, and this situation is expected to boost the development of the endpoint security market, as professionals make use of their personal devices and VPN networks for performing their tasks, which would enhance the risk of cyberattacks. To combat this situation, the company may provide established antivirus software as well as proactive solutions like moving target defense.

Intel announced in June 2020 regarding its plans to introduce new hardware-based protection against common malware attacks in the company’s upcoming 10-nanometer Tiger Lake laptop processors. This will be the first Intel processor family to utilize the new Intel Control-Flow Enforcement Technology (CET). CET is a set of silicon-level instructions that targets a malware type known as control-flow hijacking that has been traditionally difficult to mitigate through software. The feature is expected to satisfy the demands of organizations prioritizing endpoint security in the current work-from-home scenario due to the current coronavirus scenario.

In June 2020, Siemens teamed up with SparkCognition to collaborate on a new product and service offering aimed at devices utilized in industrial operational technology (OT) networks. This is a machine learning-based endpoint security offering, with the partnership expected to address the issue of the longstanding issue of tracking and protecting endpoints in OT networks. The product will initially offer support to only endpoints running Windows 2000 and later versions, and would be expanded to include other systems gradually.

Symantec revamped its endpoint portfolio with the introduction of Symantec Endpoint Security (SES) in October 2019, with the system delivering protection, detection and response in a single solution, along with a new attack surface reduction, threat hunting, and breach assessment and prevention capabilities. Furthermore, customers can deploy and manage SES via cloud or on-premises, or a hybrid of both, for all operating systems including mobile devices, with single agent installation.

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.

Companion Animal Diagnostics Market Expected to Deliver Dynamic Progression by 2026

 Companion Animal Diagnostics Market Growth & Trends

The global companion animal diagnostics market size is expected to reach USD 4.1 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.4% during the forecast period. The anticipated rise in companion animal population would increase the demand for veterinary healthcare facilities. According to a 2018 report by the American Pet Products Association (APPA), the overall spending in the U.S. pet industry has increased by 4.1% from 2016 to 2017. Moreover, veterinary care spending has increased by 7% from USD 15.95 billion in 2016 to USD 17.07 billion in 2017.

The demand for advanced diagnostic facilities for rapid and accurate testing of sample is propelling the growth of companion animal diagnostics over the forecasted period. The approvals and the new product launches by the key industry players to deal with the rising demand are driving the market. The companies are constantly trying to develop innovative devices to tap the enormous growth potential of the market. For instance, Idexx Laboratories gained a significant presence in the market by launching the new chemistry analyzer. Zoetis increased their penetration by acquiring one of the top veterinary diagnostics company Abaxis in July 2018.

Moreover, the rising concern of people for their pets leads to an increase in insurance claims. Most of the pet insurance covers major chronic conditions except any pre-existing one. The millennials are considered an attractive target population for the companies playing in this space. Millennials around the world consider pets and presence of animals good for their emotional and physical health. The demand for easy to administer and rapid diagnosis is anticipated to further boost the revenue.

Request a free sample copy or view report summary: Companion Animal Diagnostics Market Report

Companion Animal Diagnostics Market Report Highlights

• In 2018, clinical pathology held the largest revenue share of the companion animal diagnostics market in terms of application owing to its wide usage for multiple disease diagnosis
• Clinical biochemistry acquired major market share in 2018 within the technology segment and is expected to expand at the fastest CAGR by 2026. The growth can be attributed to the increased use of clinical chemistry analyzers and glucose monitors for rapid diagnosis of some chronic diseases in pets
• On the basis of animal type, cats was the fastest growing segment in 2018 and is expected to register a CAGR of over 8.00% by 2026, majorly owing to increasing prevalence of chronic diseases such as arthritis and diabetes among others
• The point of care/in house testing segment is expected to showcase lucrative growth over the forecast period, attributed to the rapidity, efficiency, and convenience of these tests
• Asia Pacific is expected to emerge as the fastest growing region over the forecast period. North America held the largest revenue share in 2018 due to the presence of major industry players in the region
• Some of the major market players include Zoetis Inc.; Idexx Laboratories Inc.; Heska Corporation; Thermo fisher Scientific; and Neogen

Companion Animal Diagnostics Market Segmentation

Grand View Research has segmented the global companion animal diagnostics market based on technology, animal type, application, end use, and region:

Companion Animal Diagnostics Technology Outlook (Revenue, USD Million, 2014 - 2026)

• Clinical Biochemistry
  • Clinical Chemistry Analyzers
  • Glucose Monitoring
• Immunodiagnostics
• Hematology
• Molecular diagnostics
• Urinalysis
• Others

Companion Animal Diagnostics Animal Type Outlook (Revenue, USD Million, 2014 - 2026)

• Dogs
• Cats
• Equine

Companion Animal Diagnostics Application Outlook (Revenue, USD Million, 2014 - 2026)

• Clinical Pathology
• Bacteriology
• Parasitology
• Others

Companion Animal Diagnostics End Use Outlook (Revenue, USD Million, 2014 - 2026)

• Laboratories 
• Veterinary Hospitals and Clinics
• Point-Of-Care/In-House Testing
• Research Institutes and Universities

Companion Animal Diagnostics 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
  • 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.

Recreational Oxygen Equipment Market to Expand with Significant CAGR During 2019 – 2026: Grand View Research Inc.

 The global recreational oxygen equipment market size is expected to reach USD 299.8 million by 2026, according to a new report by Grand View Research, Inc., registering a CAGR of 16.2% over the forecast period. High prevalence of unhealthy lifestyle among a large section of the global population has increased the risk of respiratory disorders such as chronic obstructive pulmonary disease (COPD). This is a major factor driving the need for recreational oxygen equipment. In addition, growing geriatric population, who is prone to numerous health disorders requiring supplemental oxygen, is expected to boost the market.

Consumer oxygen efficiently treats dementia and muscle recovery. Increase in awareness levels pertinent to the benefits of consumer O₂ in the treatment of Obesity Hypoventilation Syndrome (OHS), COPD, dementia, and stress are projected to drive demand in the coming years. In 2015, the total population suffering from dementia was pegged at 47.47 million and is anticipated to rise to 75.63 million by over the next seven years. This represents lucrative opportunities for manufacturers in the field.

Recreational oxygen is also helpful during strenuous physical activities such as mountain climbing, where the altitude makes it difficult to breathe normally. Apart from this, these products have also been utilized in other recreational sports like skiing, hiking, biking, snowboarding, or floating at altitude. Owing to increasing popularity of these sports, demand for portable O₂ devices for recreational use is on the rise. However, low awareness regarding the benefits of these devices in underdeveloped economies is hampering market growth. Key players in the market are focusing on creating awareness among consumers for medical as well as sports use, especially in untapped regions. This will help them establish a strong market presence over the course of the forecast period.

Companies are also investing in developing new, more effective, and innovative equipment to gain a foothold in the market. For instance, Sub Sea Systems installed the world's first underwater oxygen bar in Cozumel, Mexico in April 2015. This underwater attraction is designed to give customers the experience of being in a 13,000-gallon aquarium to play games and take pictures, all the while breathing in enriched O₂.

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

Further key findings from the study suggest:

• Portable oxygen concentrators accounted for the largest revenue share by product in 2018. Manufacturers have been focusing on manufacturing compact, stylish portable oxygen concentrators to cater to changing consumer demands. This segment is also expected to exhibit the fastest growth over the forecast period
• The athletics segment is expected to witness lucrative growth in the coming years. Professional athletes have been increasingly adopting this equipment owing to availability of portable and user-friendly products
• New product launch has been the focus of manufacturers in the market. Key industry participants include Oxygen Plus, Inc.; Boost Oxygen, LLC; Koninklijke Philips N.V.; Chart Industries; and Inogen.

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

Recreational Oxygen Equipment Product Outlook (Revenue, USD Million, 2014 - 2026)

• Concentrators
• Bar Equipment
• Others

Recreational Oxygen Equipment Application Outlook (Revenue, USD Million, 2014 - 2026)

• Athletics/Sports
• Medical
• Others

Recreational Oxygen Equipment Regional Outlook (Revenue, USD Million, 2014 - 2026)

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

Hospital Services Market Set to Record Exponential Growth by 2026: Grand View Research Inc.

 Hospital Services Market Growth & Trends

The global hospital services market size is expected to reach USD 14.8 Trillion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Growing incidence of cancer & other chronic diseases and high cost of treatment are expected to be the vital impact rendering drivers for the market.

Globally, around USD 100 Billion is spent on detecting and treating various cancers, of which, USD 35 Billion is spent on chemotherapy and other cancer drugs alone. According to the American Society of Clinical Oncology, for the year 2016 in the U.S, there were more than 15.5 million cancer survivors, with around 1.7 million individuals being newly diagnosed-a growth of 2% when compared to 2015.

In order to cater to a large consumer population that can afford quality treatments, private hospitals are expected to diversify their specialist service offerings and exhibit growth during the forecast period. Hospital industry is shifting toward premium services, especially in North America and Europe (particularly U.K.), which will increase the value of the market further.

Longer patient wait times and poorer quality of services in state-owned hospitals are major driving forces for private players leading the hospital services market.

Private hospitals are more inclined to provide quality outpatient services via various online and telecommunication networks in terms of consultation, diet/medication review, and health monitoring. Outpatient service quality has therefore improved steadily, and their demand is expected to outgrow inpatient services in the future.

Request a free sample copy or view report summary: Hospital Services Market Report

Hospital Services Market Report Highlights

• Outpatient services is expected to be the fastest growing hospital service type over the forecast period, at a CAGR of 8.5%
• As per analysis of hospital industry, private hospitals are expected to lead the market among state owned and community hospitals, as increasing consumer affordability and lucrative facilities provided by private hospitals attract more patients globally.
• North America was the leading hospital services market in terms of hospital revenue and is expected to maintain its position during the forecast period, as the region has the most expensive healthcare service providers in the world.
• Based on application, neurorehabilitation & psychiatry services is expected to be the fastest growing, as a result of rising incidence of mental disorders and growing demand for mental wellness services. The segment is expected to fuel growth of outpatient services further, since the introduction of telemedicine in healthcare.
• Some major players include HCA Healthcare; Ascension Health; Cleveland Clinic; Community Health Systems, Inc.; Spire Healthcare Group plc.; and Mayo Clinic.

Hospital Services Market Segmentation

Grand View Research has segmented the global hospital services market based on service type, hospital type, service areas, and region:

Hospital Services Service Type Outlook (Revenue, USD Million, 2015 - 2026)

• Inpatient Services
• Outpatient Services

Hospital Services Hospital Type Outlook (Revenue, USD Million, 2015 - 2026)

• Private Hospital
• State-owned Hospital
• Public/Community Hospital

Hospital Services Service Areas Outlook (Revenue, USD Million, 2015 - 2026)

• Acute Care
• Cardiovascular
• Cancer Care
• Neurorehabilitation & Psychiatry Services
• Pathology Lab, Diagnostics, and Imaging
• Obstetrics & Gynecology
• Others

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

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

Pet Insurance Market Size Is Expected To Reach USD 14.9 Billion by 2028

 Pet Insurance Market Growth & Trends

The global pet insurance market size is expected to reach USD 14.9 billion by 2028, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 16.3%. Rapidly growing consumer awareness and product acceptance has benefited the market. According to Department of Clinical Veterinary Science (CVS) and Pet Food Institute (PFI), 30.0% of the pets in Sweden and almost 23.0% of the pets in the U.K. are covered by these insurance policies. However, less than 1.0% of the pets in the U.S. are insured.

Industry operators or players in pet insurance primarily compete with consumers who choose to self-fund pet medications and veterinary costs. However, with increasing availability of advanced technology and growing usage of veterinary services, costs are expected to increase. This increase in costs and with marketing efforts by players, the adoption of pet insurance has increased.

The market is growing as veterinary care is expensive and many owners cannot afford it; however, with insurance, they can claim around 90.0% of veterinary bills. Besides, rise in number of pet injuries and prevalence of diseases is also aiding growth. As per veterinary records, 2017, almost one in every three pets need urgent veterinary care every year. Furthermore, new strategies being undertaken by players are expected to aid further growth. For instance, MoreThan, a pet insurance company, in 2019, formed a partnership with PitPat, the dog activity monitor manufacturer, offering cash rewards of up to USD 112 to owners who exercised their pets regularly.

Request a free sample copy or view report summary: Pet Insurance Market Report

Pet Insurance Market Report Highlights

• Agency held the dominant share of the sales channel segment as of 2018, owing to large customer base
• Bancassurance is anticipated to exhibit lucrative growth over the forecast period. The key driver includes large and established bank network across the globe
• Dog insurance segment was the dominant application in 2018. Increase in the number of dog owners across the globe is the key driver for this segment
• The cat’s segment is anticipated to grow at an exponential rate throughout the forecast period. Cats are increasingly being adopted in Canada and preferred over dogs
• On basis of product, accident and illness insurance had the largest share as of 2018. The key drivers of the segment are high veterinary treatment & diagnostic costs, rise of companion animal population, and increase in awareness about pet insurance
• The key drivers of the segment include increasing health issues in animals and high treatment costs
• In 2018, Europe held a dominant share of the regional segment.
• North America held the second largest revenue share as of 2018. The key drivers of the pet insurance market are a rise in companion animal population and increase in awareness
• Some key players are Petplan Limited; Trupanion, Inc.; Nationwide Mutual Insurance Company; Hartville Group, Inc.; Pethealth, Inc.; PetFirst Healthcare LLC; Royal & Sun Alliance Insurance Company of Canada, Inc.; and Embrace Pet Insurance Agency, LLC

Pet Insurance Market Segmentation

Grand View Research has segmented the pet insurance market on the basis of the product, animal type, sales channel and region:

Pet Insurance Product Outlook (Revenue, USD Million, 2014 - 2028)

• Accident and Illness
• Accident Only

Pet Insurance Animal Type Outlook (Revenue, USD Million, 2014 - 2028)

• Dogs
• Cats
• Others

Pet Insurance Sales Channel Outlook (Revenue, USD Million, 2014 - 2028)

• Agency
• Broker
• Bancassurance
• Direct Writing

Pet insurance Regional Outlook (Revenue, USD Million, 2014 - 2028)

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

Veterinary Artificial Insemination Market To Make Great Impact In Near Future by 2027: Grand View Research Inc.

 Veterinary Artificial Insemination Market Growth & Trends

The global veterinary artificial insemination market size is expected to reach USD 5.86 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.78% from 2020 to 2027. The market for artificial insemination (AI) is anticipated to witness a rise in demand owing to increasing consumption of animal protein and growing demand for high cattle productivity & milk yield. To fulfill the continuously increasing demand, market players are adopting artificial insemination to breed high-quality livestock and enhance production. The demand has increased over the years, owing to the rising prevalence of various animal diseases, such as zoonotic diseases, and the growing adoption of companion animals.

According to Food and Agriculture Organization (FAO) publication 2019, livestock contributed almost 40% of the global value of agricultural output in developed countries and 20% in the developing ones, and it provides food security and livelihood to more than 1.3 billion people worldwide. Favorable government regulations, intended to improve productivity, are also leading to growth; For instance, the Indian government approved an Agriculture Export Policy in 2018 to enhance agricultural economic growth in the nation. The new policy is aimed at boosting India's agricultural output to USD 60 billion by 2022 and USD 100 billion with a predictable foreign policy framework in the next few years.

The market follows the standards set by the International Society of Artificial Insemination (ISAG) and leading animal research laboratories, such as The University of California Davis (U.C. Davis). The ISAG standard panel consists of 18 STR markers and any company in artificial insemination needs to follow the panel and standard set by the authority. However, increasing population is expected to pose a continuous challenge to food availability and animal protein requirement, aiding the growth of the market.

Request a free sample copy or view report summary: Veterinary Artificial Insemination Market Report

Veterinary Artificial Insemination Market Report Highlights

• Cattle segment was the largest revenue-generating segment in 2019, owing to the increasing consumption of milk and its products in Asian countries
• The normal semen segment accounted for the largest revenue share in the products segment in 2019, owing to the low cost of the procedure
• In the end-user segment, the animal husbandry accounted for the largest share and is expected to maintain its dominance throughout the forecast period. The growth can be attributed to the maximum number of semen collection procedures performed under these facilities.
• Sexed semen usage is expected to show the fastest growth during the forecast period. In 2016, ST Genetics produced 4 million X chromosome into an AI straw. The company sells sexed semen for five species of animals, including cattle, deer, sheep, horses, and goats. The rate of semen straws ranges between USD 65 and USD 250 for a piece as of 2018, depending on the quality, species, and use of the animal
• Asia Pacific was the leading regional sector and accounted for the largest revenue share in 2019, mainly due to the large cattle population in the region
• Some of the major players are Genus Plc, Select Sire, Semex, Swine Genetics, Hendrix Genetics Corporate, and Animal Genetics among others.

Veterinary Artificial Insemination Market Segmentation

Grand View Research has segmented the global veterinary artificial insemination market on the basis of animal type, product, end-use, and region:

Veterinary Artificial Insemination Animals Type Outlook (Revenue, USD Million, 2016 - 2027)

• Cattle
• Swine
• Sheep
• Canine
• Equine
• Others

Veterinary Artificial Insemination Product Outlook (Revenue, USD Million, 2016 - 2027)

• Normal Semen
• Sexed Semen

Veterinary Artificial Insemination End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Veterinary Hospitals
• Animal Husbandry
• Others

Veterinary Artificial Insemination Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Veterinary Artificial Insemination Market

• Swine Genetics International
• Select Sires, Inc.
• SEMEX
• Cooperative Resource International (GENEX)
• Zoetis
• Cogent
• Genus plc
• Viking Genetics
• Polar Genetics India
• Fox Fire Farm
• Xcell Breeding & Livestock Services Private Limited

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.