Market Forecast News: July 2017

Monday 31 July 2017

Asia Pacific Region – One of the Dominant Market for Facial Injectables [2025]: Business Research Report

The global facial injectables market is expected to reach USD 17.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to exhibit lucrative growth during the forecast period, owing to advancements in facial rejuvenation procedures and increasing importance of medical aesthetics across the globe.

Development in products & procedures, as well as change in patient demographics is helping dermatologists and physicians treat multiple facial areas. These advancements help dermatologists or physicians develop customized treatment for patients and facilitate use of combination products to obtain better outcomes. All these factors are expected to assist in the market growth over the forecast period. Augmented products such as Botulinum Toxin Type A (BoNTA) and Hyaluronic Acid (HA) fillers are used in combination to improve outcomes, especially in the lower face procedures. HA fillers are mostly preferred by physicians due to their better acceptance (few instances of hypersensitivity reactions), biodegradable nature, & high viscosity as well as for the longevity they provide to the restored volume.

Minimally invasive surgery, an advanced medical technology, is used for facial rejuvenation, endoscopy, laparoscopy, arthroscopy and other procedures. This procedure is gaining popularity over time owing to faster recovery, low instances of postsurgery infections, lower pain, reduced scarring, and high accuracy & maximum benefits. For instance, as per International Society of Aesthetic Plastic Surgery (ISAPS), more than 20.0 million surgical and nonsurgical cosmetic procedures were performed worldwide in 2014.The number of HA-based surgeries performed in 2014 was 2,690,633, which increased to 2,865,086 in 2015, which is thereby expected to contribute to the growth of this space over the forecast period.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/facial-injectables-industry

Further key findings from the study suggest:

The hyaluronic acid segment held a lucrative share in 2016 and is expected to grow at a significant rate over the forecast period owing to increasing preference for combination treatments such as hyaluronic acid with BoNTA.
The BoNTA segment is anticipated to witness the fastest growth over the forecast period due to increasing application in aesthetics and therapeutics
The aesthetics segment is expected to dominate the market during the forecast period owing to increasing expenditure on aesthetic procedures coupled with rising beauty consciousness among consumers
North America is expected to dominate the facial injectables market over the forecast period due to growing geriatric population base, increasing consumer disposable income, and surge in number of facial procedures in the region
Some of the key players in facial injectables market are ALLERGAN; Ipsen; Merz Pharma; Suneva Medical, Inc.; Medytox, Inc.; Sinclair Pharma; Bloomage BioTechnology Corporation Limited; Anika Therapeutics, Inc.; Prollenium Medical Technologies Inc.; and Galderma S.A.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-facial-injectables-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.

For more Information: www.grandviewresearch.com

Grand View Research – Modern Manufacturers Need to Invest in Operating Room Equipment Market

The global operating room equipment market is expected to reach USD 48.50 billion by 2025 according to a new report by Grand View Research, Inc. The market is primarily driven by increasing investments for improving hospital care facilities, rising number of new hospitals & ambulatory care centers, increasing patient preference for minimally invasive procedures, and an increase in the number of surgeries performed globally.

Growing funds & investments by various government bodies and private investors are also contributing to the growth of the market. For instance, in its 2016-17 budget, the Hong Kong government dedicated a provision of USD 200 billion for a ten-year hospital development plan that would help expand and upgrade healthcare facilities. Under the plan, number of operating theaters would increase by 40% and specialist outpatient service capacity would increase by 40% from 6.8 million to 10 million attendances for a year. The development plan also includes redevelopment and expansion of various hospitals in the region.

In addition, a rapid increase in the number of elderly people & rising prevalence of chronic diseases are increasing the demand for surgical interventions and contributing to the expansion of the market. Technological innovations in medical devices are driving the adoption of advanced medical equipment in surgical procedures. Key players are focusing on product innovations and new launches to cope with growing needs.

Furthermore, improving healthcare infrastructure in emerging economies, large patient pool, and untapped opportunities in developing nations are attracting foreign investors to hospitals and the healthcare sector. Thus, growing investments in emerging economies and establishment of new hospitals & healthcare centers are expected to boost growth in the next few years.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/operating-room-equipment-market

Further Key Findings From the Report Suggest:

The anesthesia devices segment held majority of the revenue share in 2016 due to a rise in the volume of surgical procedures
Hospitals dominated the end-use segment in 2016 primarily due to increasing number of hospitals and rising investments in operating theaters
North America dominated the global market owing to a rapid increase in geriatric population and rising prevalence of various diseases
Some of the key players includeSTERIS plc; Stryker; KARL STORZ GmbH & Co. KG; GE Healthcare; Siemens Healthineers; and Hill-Rom (Trumpf Medical)

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-operating-room-equipment-market

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Medium Chain Triglycerides Market Expand Their Businesses with New Investments

The global medium chain triglycerides market is expected to reach USD 2.46 billion by 2025, according to a new report by Grand View Research, Inc. The increasing cases of obesity and growing demand of MCT products in the cosmetics industry are projected to drive the demand over the forecast period.

The global industry is expected to witness a growth owing to its use as an excipient, which acts as a carrier or suspension medium for oil soluble antibiotics and drugs. Its applications as an antibacterial, antiviral or antifungal medicine and its ability to decrease cardiovascular disease and mortality risk are expected to drive the MCT market.

Dietary and health supplements segment accounted for 59% of total demand in 2016 and is anticipated to gain share over the forecast period. The growing popularity of MCT oil among health-conscious population owing to its properties like improving metabolism, fat burning and providing energy is expected to steer the global market.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/medium-chain-triglycerides-mct-market

Further key findings from the report suggest:

The global medium chain triglycerides demand was 271 kilo tons in 2016 and is estimated to grow at a CAGR of 6.1% to reach a total volume exceeding 430.0 kilo tons by 2025
The personal care segment accounted for over 8% of the total demand in 2016 and is anticipated to grow at a CAGR of 5.6% from 2016 to 2025
The pharmaceuticals segment in the U.S. was valued over USD 94.2 million in 2016 and is accounted for over 27% of the total revenue in the country
North America emerged as the largest consumer and is estimated to raise the demand for MCT to over 155 Kilo tons by 2025
Asia Pacific is the fastest growing market and is projected to account for over 20% of the total revenue by 2025
Europe is anticipated to occupy a volume share of over 15% by 2025 at a CAGR of 4.4% over the next eight years
The Brazil medium chain triglycerides market generated revenue worth of USD 127 million in 2016 and is anticipated to grow at a CAGR of 7.1% by 2025
Owing to the growing demand for specific and multifunctional products the industry players have been forced to focus towards consumer specific product positioning strategies for higher penetration in the local markets
Key industry participants include BASF, Wilmar International Ltd, Stepan Company, Sternchemie Lipid Technology, Jarrow formulas, Lonza, KLK Oleo, etc.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-medium-chain-triglycerides-mct-market

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Immunoprotein Diagnostic Testing Market: One of the Booming and High Growth Technology in Biotechnology Industry

The global immunoprotein diagnostic testing market is anticipated to reach USD 10.3 billion by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the rising incidence of chronic diseases.

According to American Heart Association’s 2017 statistics, nearly 790,000 people experience heart attack every year in the U.S. In addition, stroke is responsible for 1 in every 20 deaths in the U.S. Hence, WHO is also taking initiatives to reduce the risk of cardiovascular diseases. As a result of the aforementioned factors, the demand for immunoprotein diagnostics is expected to rise in order to facilitate rapid diagnosis.

According to WHO, nearly 1.69 million deaths due to lung cancer were registered in 2015 throughout the world. Hence, fast and accurate diagnosis of such chronic diseases has become important to reduce the high mortality rate. Immunoprotein diagnostic devices and reagents have proved to be highly effective in rapidly detecting chronic diseases.

Technological advancements in the field of immunoprotein diagnostics have led to introduction of novel products. For instance, LIAISON XL, manufactured by DiaSorin, is a fully automated chemiluminescence analyzer that facilitates complete sample processing. It also measures and evaluates testing samples, thereby, enhancing the efficiency and throughput of the system.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/immunoprotein-diagnostic-testing-industry

Further key findings from the study suggest:

In 2016, immunoglobulin tests dominated the market owing to their frequent usage by healthcare professionals for diagnosing infectious or autoimmune disorders
C-Reactive Protein (CRP) tests held a significant market share in 2016 due to the broad product portfolio of these assays and reagents
Infectious disease testing held largest market share in 2016 owing to the increasing prevalence of infectious diseases and high applications of immunoprotein tests
Enzyme-based immunoassays dominated the market in 2016 due to their frequent usage and availability of large number of products that possess this technology
Chemiluminescence assay is anticipated to witness highest growth over the forecast period due to its high sensitivity and specificity
North America dominated the market in 2016 due to rising prevalence of cancer & increase in mortality due to cancer-related diseases and favorable healthcare reimbursement scenario in the U.S.
Some of the key players are Bio-Rad Laboratories, Inc.; F. Hoffmann-La Roche AG; Abbott Laboratories; Enzo Biochem, Inc.; Thermo Fisher Scientific, Inc.; DiaSorin S.p.A; bioMérieux SA; and Siemens Healthcare GmbH

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-immunoprotein-diagnostic-testing-market

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Increasing Consumer Demand for Fresh and Natural Products Driving Flavors & Fragrances Market Growth

The global flavors and fragrance market is expected to reach USD 28.65 billion by 2025, according to a new report by Grand View Research, Inc. Flavors & fragrances provide lasting sensory impressions, often determined when subtly applied via food, beverage, medical products, and other substances. These products enhance the overall appeal and aesthetic value of consumer goods.

Flavors & fragrances are mostly prepared using volatile chemicals and essential oils to deliver a particular flavor or enhance existing flavors. The products are mainly categorized into natural and synthetic. Increasing consumer demand for fresh and natural products has contributed to exponential segment growth.

Rising demand for convenience and ready-to-eat meals, health, and wellness foods, as well as technological advancements, are expected to boost market growth. Rapid industrialization and increasing consumer disposable incomes in emerging economies such as China and India are also projected to foster the global food flavors market over the forecast period.

Owing to the enormous demand for natural products, many forests have been chopped down to derive minuscule amounts of oil. Several arable lands have also been converted into monoculture farming lands to cultivate a single plant or crop to obtain particular oil. This, in turn, has resulted in limited availability of raw materials for natural products.

Flavors & fragrances manufacturers operate through collaborations with scientists, artists, musicians, writers, and filmmaker to tap into creative minds to expose perfumes to new and constantly evolving creative territories and approaches. Manufacturers also form creative teams that comprise fragrance evaluators, perfumers, and flavorists.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/flavors-fragrances-market

Further key findings from the report suggest:

Aroma chemicals are expected to maintain the largest market share and are likely to account for 64.6% of the revenue generated in 2025
Increasing research expenditure on developing fragrance compounds is expected to support the demand for aroma chemicals in upcoming years
Essential oils are expected to emerge as the largest as well as fastest growing natural product segment
Orange essential oil demand was valued at USD 1,404.8 million in 2015
Fragrances application segment is estimated to dominate the market while the valuation of flavors is projected to grow at a CAGR of 4.1% from 2016 to 2025
Asia Pacific is projected to grow at the highest CAGR on account of availability of the raw material and increasing demand

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-flavors-fragrances-market

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Fire Resistant Glass: One of the Booming and High Growth Market in Glass Industry

The global fire resistant glass market is expected to reach USD 7.28 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for fire resistant glass owing to the increasing investments by the regional governments on infrastructure development in emerging regions including Asia Pacific and the Middle East is expected to drive the market over the next eight years.

Rising application scope in the marine industry pertaining to increasing demand for fire proof cabins in ships used for commercial and naval applications is expected to drive the demand over the next eight years. Moreover, rising investment in ship manufacturing activities from emerging economies such as China and India are expected to drive the demand over the forecast period.

Increased use of fire resistant automotive glass by the automotive manufacturers, on account of growing demand from consumers to enhance the safety standards of the vehicles is expected to propel the demand. Moreover, growing technological innovations along with rising fire safety standards of the vehicles globally are likely to augment demand over the next eight years.

Ceramic glass accounted for over 40% of the market in terms of volume on account of fire resistant and sound insulation properties. Growing use of the product in fire doors is likely to drive the market demand over next eight years.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/fire-resistant-glass-market

Further key findings from the report suggest:

The global fire resistant glass market demand was 13.4 million square meters in 2015 and is expected to reach 30.5 million square meters by 2024, recording a CAGR of 9.6% from 2016 to 2024.
Gel filled glasses are expected to be the fastest growing product segment registering a CAGR of over 15% from 2016 to 2024. Ability to maintain relatively low temperature on the non-fire side of the affected building by acting as a fire shield on account of the heat absorbing capabilities of the gel is likely to fuel the growth of fire resistant glass market over next eight years.
Other applications including automotive, oil & gas and, military & defense are expected to register a CAGR of around 9% from 2016 to 2024 accounting for 19.6% of total market volume in 2015. Rapid growth in the automotive industry in the emerging economies such as Asia Pacific and Latin America owing to increasing demand for automobiles and rising disposable income of consumers is expected to drive the growth over the forecast period.
Ceramic glass held the largest market share, owing to its wide application scope in various end use industries including construction, automotive, oil & gas, and marine. Growing application scope on account of its prolonged fire rating ranging from 20 minutes to 3 hours is expected to drive the market demand for the product over the forecast period.
Asia Pacific accounted for a significant market share of around 19% in 2015. Ready availability of raw material coupled with cheaper manufacturing costs are expected to drive the market growth. The region is also projected to witness the growth of 11% from 2016 to 2024.
The industry is moderately fragmented with the presence of a large number of prominent market participants across the globe. Some leading companies operating in the global market include Saint-Gobain, Pyroguard UK Ltd, Schott AG, NSG Pilkington, and Asahi Glass Co. Ltd. Saint-Gobain SA is a producer and distributor of construction and high-performance materials and packaging headquartered in France. The company operates in four business segments including innovative materials, high performance materials, construction products and building distribution.
In July 2015, Saint-Gobain agreed to buy Oregon-based Structus Building Technologies, a manufacturer of innovative, high-performance drywall corner solutions.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-fire-resistant-glass-market

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Key Factors that Drive and Impede the Growth of World Filters Market

The global filters market is expected to reach USD 110.82 billion by 2024, according to a new report by Grand View Research, Inc. The increasing demand for low emission control vehicles and implementation of stringent regulations to curb rising pollution levels are expected to remain key driving factors for global filters market.

Regulatory norms supporting the filters market growth across various European countries such as the UK, France, Spain, Italy, and Germany coupled with stringent environmental emission guidelines followed in the U.S. are also anticipated to benefit the industry growth. Regulations governing the supply of purified drinking water are expected to drive the demand for fluid filters over the next six years.

Increasing automobile production particularly in emerging economies of China, India, Thailand, and Indonesia have also contributed towards the market development. Key companies have been focusing on these high growth markets for future expansions.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/filters-market

Further key findings from the report suggest:

The global filters market was valued at USD 63.35 billion in 2015 and is expected to reach USD 110.82 billion by 2024, growing at a CAGR of 6.4%from 2016 to 2024
IC engine segment emerged as the most dominant filter product consumed globally and accounted for 44.5% of total market revenue in 2015. Positive outlook of automobile industry on account of favorable government policies particularly in Asia Pacific and Latin America is expected to drive this segment over the forecast period.
Motor vehicles emerged as the leading application and accounted for 51.4% of total market revenue in 2015. Stringent regulations to curb harmful emission generated from automobiles has prompted the demand for filters in the automotive industry. Consumer goods are expected to witness the highest growth of 7.4% from 2016 to 2024.
Asia Pacific was the leading regional market and accounted for 38.4% of global revenue in 2015.Asia Pacific is also expected to remain the most lucrative region in terms of growth on account of rising manufacturing activities and the growing automotive industry, particularly in China and India.
Some leading companies operating in the global filters market include Donaldson Company, Clarcor Incorporated, Affinia Group Intermediate Holdings, Parker-Hannifin Corporation, Cummins, BRITA GmbH, Pall Corporation, and MANN+HUMMEL.

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Plastic Compounding Market is Growing at CAGR of 6.7% By 2026

The global plastic compounding market is expected to reach USD 95.2 billion by 2026, according to a new report by Grand View Research, Inc. Introduction of rapid manufacturing techniques & advanced additive incorporation methodologies is expected to further drive adoption of lightweight, high-performance plastics for production of several consumer products.

Plastics present a sustainable and low cost alternative to metals, wood and even ceramic materials utilized in varied industries. Rapid industrialization and expansion of said industries, including automotive, construction and electronics, specifically in emerging economies, is likely to influence consumption patterns & enhance demand over the forecast period.

An increasing number of R&D activities undertaken by key market participants, such as the recent introduction of FDA compliant polycarbonate grades by SABIC for high temperature food contact applications, are expected to revolutionize the sector. Other companies are expected to follow in SABIC’s wake, adopting sustainable and compliant manufacturing techniques to meet transitioning regulatory standards.

Polypropylene (PP) emerged as the dominant product with over 32% of the volume share in 2016. The segment is also expected to grow at a high CAGR of around 5% from 2017 to 2026, on account of its high utilization in the ever-expanding automotive industry. High impact resistance, ease of serviceability and light weight make this the material of choice for forming crucial automotive components such as bumpers, chemical tanks, gas cans, and others.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/plastic-compounding-market

Further key findings from the report suggest:

The global plastic compounding market exceeded 26 million tons in 2016 and is expected to grow at a CAGR of 5.2% from 2016 to 2026
Polyethylene (PE) emerged as one of the dominant products owing to its high demand in medical applications and special performance characteristics that make it ideal for niche applications such as bulletproof vests
Thermoplastic vulcanizates (TPV) are expected to remain the fastest growing products with over 9% CAGR, witnessing high growth in the automotive & industrial machinery segments
Automotive is expected to retain its dominance in the industry; however, industrial machinery is expected to overtake the segment in terms of CAGR. The latter is increasingly adopting lightweight and sustainable plastic materials in the form of fasteners, films, equipment components and others.
Asia Pacific is likely to remain the dominant region with rapid industrialization in economies such as India, Vietnam, Thailand, Malaysia and others. The region benefits from close geographical proximity to European consumer markets, low labor costs and vast skilled workforce among other factors.
The industry is highly fragmented in nature with over one-third of market share occupied by SMEs engaged in plastic compounding. Kingfa emerged as a major player, followed by LyondellBasell and others such as BASF, PolyOne Corporation, SABIC, DuPont, A. Schulman, Mitsubishi Chemical Corporation, Bayer, China XD, Mitsui Chemicals and others.

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Sunday 30 July 2017

Fixed and Mobile C-arms Market to Witness Growth Due to Prevalence of Chronic Diseases

The global fixed & mobile C-arms market is expected to reach USD 2.3 billion by 2025, according to a new report by Grand View Research, Inc. Growing prevalence of chronic diseases that require early diagnosis and on-time treatment for prevention of complications and rising number of road accidents leading to orthopedic injuries are propelling the demand for fixed and mobile C-arm devices. In addition, increase in geriatric population, technological advancements, and growing preference for minimally invasive surgical procedures are also boosting the market growth.

Intensifying competition in the private sector has triggered advancements in latest medical devices in private hospitals. As a result, demand for mobile C-arm devices for orthopedic surgeries, such as repositioning of dislocated bone fragments or placement of pedicle screws in the spine, is swiftly increasing. Moreover, increasing cost pressure from various competitors is creating a great opportunity for the development of technically advanced and uniquely designed C-arm machines.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/fixed-mobile-c-arms-market

Further key findings from the study suggest:

The market study suggests that mobile C-arms dominated the overall market in 2016 owing to their increasing applications in orthopedics, trauma, neurosurgery, cardiovascular surgery, and gastroenterology
Full-size devices captured the largest revenue share in mobile C-arms segment in 2016. The rationale for such large market revenue is the product’s increasing application in surgical and orthopedic procedures, hence making the process as easy and painless as possible.
Among the application segments, orthopedics and trauma occupied the largest share due the reduced risk & higher safety of C-arms. Furthermore, utilization of these devices results in reduction of cost associated with radiography.
North America dominated the regional segment with the largest revenue share in 2016, due to highly developed healthcare infrastructure, continuous research, and increasing adoption of advanced techniques
Asia Pacific is anticipated to witness a significant growth during the forecast period, mainly due to increasing government initiatives, growing awareness about innovative medical imaging procedures, and booming medical tourism industry in the region
Some of the major companies operating in this market are GE Healthcare; Philips Healthcare; Siemens AG; Hologic Corporation; Shimadzu Corporation; Toshiba Medical Systems; Ziehm Imaging; OrthoScan, Inc.; Hitachi Medical Systems; and Eurocolumbus s.r.l.

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Latin America ERP Software Market Outlook - World Enterprise Market Supply and Demand Estimates Report

The Latin America ERP software market is expected to reach USD 2.73 billion by 2025, according to a new report conducted by Grand View Research, Inc. ERP applications have helped many large-scale organizations to bring clarity and visibility in their business. With rapidly growing small and medium enterprises (SMEs) and adoption of evolving technology demand in SMEs is expected to grow over the forecast period. Furthermore, rising awareness among small & medium enterprises (SMEs) and increasing need for business process efficiency and transparency aid the market growth over the forecast period.

SMEs have been facing various barriers to the adoption of this technology because of expensive and less user-friendly nature of the software. Many SMEs in Brazil, Mexico, Chile, and Peru are still using old IT systems to operate their business. There is a growing need for adoption of upcoming IT systems to sustain in the competitive market. enterprise resource planning software helps the operation of core business processes including sales & distribution, supply chain management, accounting, financial control, and HR, which is expected to propel demand from various SMEs.

The cloud deployment segment is expected to witness a significant growth rate, due to its growing adoption, although the on-premise deployment segment is anticipated to dominate the market (in terms of size) by 2025. Cloud-based applications reduce IT infrastructure cost leading to the adoption of cloud-based application among enterprises. The investment on cloud-connected mobile applications has increased as mobile owing to the growing penetration of Bring Your Own Device (BYOD) among the organizations.The vendors are developing cloud-based solutions that can be accessible via mobile platforms such as tablets and smartphones expected to influence the market growth further.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/latin-america-enterprise-resource-planning-erp-software-market

Further key findings from the report suggest:

One of the major factors’s expediting the market growth are the evolution of enterprise software and workplace automation industry practices in the Latin America marketplace.
Increasing investment in manufacturing coupled with rising demand for industry dedicated software is expected to propel growth over the forecast period.
Brazil region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2016
In Mexico growth is driven by increasing vehicle and parts production particularly in the states of Aguascalientes, Guanajuato, and San Luis Potosi
The key industry participants include IBM (U.S.A.), Oracle (U.S.A.), Microsoft (U.S.A.), SAP SE (Germany), Infor (U.S.A.), and Sage Group Plc (U.K.).

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Telepresence Equipment Market is Growing at CAGR of 2.9% By 2025

The global telepresence equipment market is anticipated to reach USD 2.45 Billion by 2025, according to a new report by Grand View Research, Inc. The need for the enterprises to reduce the cost in travelling for the employees is primary factor driving the market growth.

Increasing usage of telepresence equipment in various applications such as health care, education and government are the primary factors driving the market growth. Many government authorities are also planning to establish telepresence rooms as services as one the avenues for revenue. Telepresence video conferencing is being increasing adopted by many organizations as it offers cost effective solutions of high quality interaction.

The Recent technological innovation in robotic telepresence video conferencing is also one of the major factor driving the growth of telepresence equipment market. The major advantage offered by telepresence equipment is as it offers Lifesize video conferencing which give the feel of real person existence. The various end points in telepresence equipment include telepresence camera, Microphone and display devices. The market for various telepresence end-points are also expected to grow significantly over the forecast period.

The Room based telepresence system is highest revenue generating segment over the forecast period due to increased use of enterprises. Virtual presence of the individuals in the meeting will enhance experience thereby reducing the cost of travelling. But high cost of installation is one the major restraint for growth telepresence equipment market. Telepresence Equipment are being increasingly adopted in North America region which occupy significant market share over the forecast period.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/telepresence-equipment-market

Further key findings from the report suggest:

The growing adoption of usage of telepresence equipment in large enterprises to reduce the cost of the traveling is the primary factor which drives the market.
The Medium enterprise end-user segment is expected to portray high growth rate with a CAGR of 3.2% over the projected period.
The North America Telepresence equipment regional market is expected to have significant growth over the forecast period, owing to the adoption of telepresence equipment in enterprises.
The key players of the market include Array telepresence, Avaya Inc, Cisco Systems Inc., Huawei Technologies Co. Ltd, Polycom, Inc, Vidyo Inc and ZTE Corporation

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Friday 28 July 2017

Rapid Increase in Deep Brain Stimulators Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2020

Global deep brain stimulators market is expected to reach USD 1,592.9 million by 2020, according to a new study by Grand View Research, Inc. Increasing prevalence of Parkinson’s disease coupled with rising demand for cost effective & minimally invasive surgical procedures are the factors attributing towards the growth of deep brain stimulators market. According to statistics published by Parkinson Disease Foundation, approximately 10 million people were suffering from this disease in 2010 and the number was anticipated to grow manifolds over the forecast period thereby contributing to the overall industry growth.

The significant increase in the adoption of DBS by neurologist for the treatment of Parkinson’s disease, essential tremors, obsessive compulsive disorder and Dystonia is expected to drive the market growth in coming years. Pending commercialization approval from the U.S. FDA for use of DBS in treatment of refractory epilepsy is also expected to boost the market growth in near future. Furthermore, introduction of technologically advanced selective current steering and fractionation of electric current is further expected to enhance the usage of deep brain stimulators in the near future.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/deep-brain-stimulators-dbs-market

Further key findings from the study suggest:

DBS found wide application in Parkinson’s disease treatment and is expected to grow at CAGR of above 18.0% due to associated benefits such as fewer side effects, improvised motor symptoms for longer time period and tracking of momentary fluctuations. In addition, shifting of preference from conventional oral medications to DBS, due to drug resistant nature of Parkinson’s disease is further expected to increase adoption of DBS over the forecast period.
Obsessive compulsive disorder followed Parkinson’s disease in terms of revenue share due to failure of conventional serotonin reuptake inhibitors (SSRi) treatment and offered benefits such as adjustable & reversible stimulations, and nondestructive nature of treatment.
North America held the dominant share, accounting for over 50.0% in 2013. Presence of sophisticated healthcare infrastructure, increasing awareness levels of patients and healthcare personnel and supportive reimbursement policies are some of the key reasons driving growth of deep brain stimulators regional industry.
Asia Pacific region is expected to be fastest growing market for DBS and grow at CAGR of over 18.0% during the forecast period. Constantly improving healthcare facility, presence of high unmet needs and rising expenditure levels are accounted for its significant growth.
Key players of deep brain stimulators industry include Aleva Neurotherapeutics SA, Boston Scientific Corporation, St. Jude Medical, and Medtronic Plc. Increasing clinical applications of DBS systems and extensive R&D pertaining to development of advanced technology are the factors propelling industrial growth. Players are adopting competitive strategy such as new product development for sustaining the competition.

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Global Dashboard Camera Market is Growing At a Rapid Pace - Market Analysis and Forecast to 2022

The global dashboard camera market size is expected to reach USD 1.84 billion by 2022 according to a new report by Grand View Research, Inc. Favorable government initiatives and rising demand for vehicular safety are expected to boost global dashboard camera market growth.The industry is expected to witness an upsurge in demand for dashcams in passenger and commercial vehicles by positively driving industry growth over the forecast period.

Dashcams facilitate in recording video footage of road accidents and other untoward incidents through windshield and assist in collecting evidences to be used in case of impending legal actions. These legitimate evidences can be produced in courts in matter of disputes against the offenders.

Increasing acts of vandalism, car thefts, and wreckages are presumed to trigger the demand for automotive surveillance systems. Dashcams provide automotive surveillance even in the absence of driver and in parking mode.

However, several countries in the European region such as Switzerland and Austria are facing bans on use of dashcams. Violation of privacy and vulnerability towards unethical hacking have hampered the reliability of such in-car DVR systems.

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Further key findings from the report suggest:

Single-channel dashcam segment dominated the global in-vehicle dashboard camera industry accounting for more than 70% of the industry share in 2014. Dual-channel dashcam systems comprise two cameras with high-resolution feed for front and rear video recording. Dual-channel systems are relatively costly as compared to single-channel systems as they enable video recording of external as well as in-car events.
Industry players are focusing on revenue generation through product differentiation. Vendors are emphasizing on developing dashcams that can be integrated with high-end technologies such as high-resolution night vision cameras and integrated GPS. Vendors such as LyfeLens and BlackVue recently introduced advanced in-car DVR systems that connect the car and smartphones and provides users with insight of actions happening in and around the vehicles via real-time data, live video feeds, and push notifications.
The Asia Pacific regional market contributed to approximately 30% of the overall revenue share in 2014. Increase in funding initiatives and increased focus on fraud prevention offering road safety to motorists and passengers are anticipated to impel growth in the regional market. Concentrated presence of manufacturers, higher production capabilities, and availability of cheap labor in countries such as China, and Taiwan are expected to fuel the demand for dashcams in the region.
Key industry participants include Amcrest Technologies, Falcon Zero, Fine Digital, Inc., ITronics Group, and WatchGuard Video. Innovative distribution and marketing strategies adopted by vendors such as authorized e-commerce retailersare expected to positively influence industry growth.

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Business Prospects and Future Scope of Data Center Security Market in Network Security Industry: Grand View Research, Inc.

The data center security market is expected to reach USD 15.49 billion by 2024, according to a new report by Grand View Research, Inc. Data center security encompasses all the measures taken to encapsulate the data center environment and protect it from intrusion. It needs to be safeguarded against attacks and manipulation at both physical and logical level, subsequently creating a need for a cumulative deployment of security infrastructure. The increasing awareness about the need for security, growing demand from the data center users for an integrated infrastructure, increasing adoption of cloud computing and virtualization, and threat to the stored information due to the rising number of cyber-attacks are expected to propel industry over the forecast period.

With a large number of businesses moving to cloud computing platforms and virtualization of data storage techniques, the traditional boundaries and perimeters of the networks are being eliminated. The end users need to be upgraded and equipped with new and efficient technology to tackle rising numerous threats and vulnerabilities. These existing conditions are expected to help the industry grow in the coming years.

The demand is also fueled by a large number of small and medium enterprises that are moving their resources to public clouds and the growing amount of data generated online. The necessity to protect and safeguard information, which includes critical information such as transaction records, personal information, and intellectual property, will help to upsurge the demand over the forecast period.

The increasing number of attacks not only jeopardizes the reputation of companies but also endangers large amount of private and corporate information. The recent rise in the attacks in large corporations to gain access to these repositories of data has brought the security issues in the data centers to the forefront, hence creating awareness amongst the industries as well as the masses.

The ever-changing nature of technology and the growing sophistication of attacks have led to innovations and resource pooling by vendors in the data center security market, which may pave the way for customizable and configurable solutions. As there is a growing need for data center security solutions, the market is expected to foresee adoption in numerous diverse verticals.

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Further key findings from the report suggest:

The gradual shift toward cloud computing as well as cloud storage and networking is bringing out numerous potential vulnerabilities and risks of exposure of important and crucial information. This has awakened the industry to strive for better and advanced security measures at various levels in the data center networks.
The growing number of security breaches and the increasing number of attacks on data centers across the world are creating awareness regarding the need of improved security measures, both physical, and logical. Moreover, due to the recent exasperating breaches of the information repositories of large corporations, the necessity of a comprehensive security policy and its execution is in a greater demand. With a growing demand from data center users to safeguard their information and the major initiatives taken by the governments as well as industries to regulate data security and privacy, the industry is expected to grow at a rapid rate over the coming years.
Symantec Corporation, Juniper Networks Inc., IBM Corp., Cisco Systems Inc., and Fortinet, Inc. are some of the prominent vendors in the market. The other key vendors include CheckPoint Software Technologies Limited, Dell Inc., Trend Micro Inc., Honeywell International, Citrix Systems, Inc., EMC Corp, McAfee Inc. (Intel Corp.), and Hewlett-Packard Enterprise,among others.

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Thursday 27 July 2017

Dairy Ingredients Market is Projected to Grow at a CAGR of 4% by 2024 in Asia Pacific

The global dairy ingredients market size is expected to reach USD 86.97 billion by 2024, according to a new report by Grand View Research, Inc. The rising demand for dairy products in emerging markets including China and India as a result of product innovation by companies including Nestlé is expected to promote usage of milk powder as a functional ingredient. Rising importance of frozen bakery goods as a result of new product launches by companies including ABF is expected to promote the use of milk powder further over the forecast period.

Infant formula is projected to witness revenue growth at a CAGR of 4.8% from 2016 to 2024. The emergence of China and India as a major hub for manufacturing baby products on account of increasing birth rates on a domestic level is expected to promote market demand over the projected period.

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Further key findings from the report suggest:

Buttermilk powder is projected to foresee volume growth at a CAGR of 3.5% from 2016 to 2024 owing to its increasing use in batter or breading, chocolates and processed cheese
The global demand for permeate powder or dried permeate demand was 208.6 kilo tons in 2015. The product is manufactured after ultrafiltration of milk to extract protein and fat which is used extensively as a functional additive for the production of beverages, seasonings, confectionery, soups, sauces, desserts, and baked goods.
Sports & clinical nutrition is expected to foresee fastest volume growth at a CAGR of 4.3% from 2016 to 2024 on account of rising importance of weight management and maintaining healthy lifestyle among sports professionals and working professionals
Asia Pacific is projected to witness volume growth at a CAGR of 4% from 2016 to 2024. Rising disposable income of consumers in emerging markets including China, Thailand, Bangladesh, Indonesia, and Malaysia is expected to promote the consumption of food & beverage products and thus likely to augment dairy ingredients market growth.
Major dairy ingredients manufacturers include Fonterra, Dairy Farmers of America Inc., Arla Foods, Volac International Limited, Friesland Campina, and Glanbia Plc. where companies are focusing on product innovation and manufacturing capacity expansion to increase their presence in the global market.
In June 2016, Arla Foods Ingredients established a new production unit in Denmark. The facility can produce 4,000 tons of high-quality whey and casein hydrolysates annually.

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Restaurant POS Terminal Market Analysis of Opportunities Offered By High Growth Economies

The global restaurant POS terminal market is expected to reach USD 24.7 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for POS system among the restaurant operators for billing and management solution such as inventory management, cost management, labor management is a major factor that is expected to drive the market growth

Cloud-based POS systems are projected to gain traction over the forecast period owing to the benefits such as the ability to access real-time, enterprise-wide restaurant data from web-enabled devices. Moreover, to this, the cloud-based POS system quickly meet the PCI compliance as all data is stored on the cloud which makes it a suitable option for the restaurant owner.

The front-end application segment holds the largest share of restaurant POS terminal market in 2016 and is expected to reach over USD 15 billion by 2025. The quick service restaurant (QSR) is one of the largest segment of the food service industry. The QSRs are facing high competitions within the food service industry from fast casual, casual and full-service restaurant. Additionally, there is high pressure on the QSR owner to provide faster service at the comparatively low price. The restaurant POS system helps these operators in order management, improving inventory buying decision, staff management, increase customer satisfaction with faster payment processing and others.

The market for quick-service restaurant segment is expected to grow at a CAGR of 11.1% from 2017 to 2025. The market is also anticipated to witness a substantial growth within the fine dine and casual dine segment over the next eight years.

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Further key findings from the report suggest:

The global restaurant POS terminal market accounted for USD 10.16 billion in 2016 and is expected to grow at a CAGR of 10.1% from 2016 to 2025
Fixed POS terminal emerged as the largest segment in 2016 and is estimated to generate revenue over USD 7.79 billion by 2025.
The hardware market for restaurant POS terminal is anticipated to witness moderate growth over the next eight years. The segment has been further segregated into touch screen/desktops, swipe card machines, and desktops.
The restaurant POS terminal market for FSR is estimated to reach over USD 8 billion by 2025
The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of POS terminal among the restaurant operator. The regional market is expected to grow at a CAGR of 9.7% from 2017 to 2025
Key players include Ingenico SA, Verifone System, and PAX technology dominated the market, accounting for a majority share of the overall market in 2016

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Importance of Workforce Analytics Market in HR Communication Process

The global workforce analytics market is expected to reach USD 1.87 billion by 2025, according to a new report by Grand View Research, Inc. The growing concern by the majority of the large enterprises to deal with humongous volume of data pertinent to human capital is anticipated to spur the demand for workforce analytics software application platform over the forecast period. The widespread adoption of human capital information system to enhance profitability of the industry by reducing operational cost also stimulated the market growth.

Retail industry is anticipated to be the fastest-growing application sector owing to the rising implementation of workforce information system to automate the key human resource related processes. Retail industries are subjected to exhibit multiple issues related to inventory management, in-store product distribution, customer handling, and deployment of sufficient number of resources to the store locations.

The incidence of public and private cloud storage system by the several business entities with respect to various data applications scalability, tool capabilities, and optimum implementation is anticipated to bolster the popularity of cloud storage platform in the field of data analytics. The effective combination of data analytics tool and cloud computing platforms to enhance execution flexibility and agility of the data management system aggravated the demand for the incorporation of cloud management system by the majority of the business enterprises.

Additionally, cloud storage platform also enables the data analyst to optimize linear scalability, database virtualization, work management, and storage optimization. Cloud computing platforms categorically act as a complementary technological paradigm by enabling flexible network access to a shared pool of configurable computing resources with minimal cost to the management.

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Further key findings from the study suggest:

Consulting services is anticipated to exhibit moderate growth with the CAGR of 16.1% over the forecast period and is anticipated to be valued at USD 660.3 million by 2025. The absence of essential technology infrastructure to deploy flexible and comprehensive data analytics model to track human movement on a real-time basis is anticipated the spur the market growth.
The Retail domain is expected to dominate the market accounting for over 23% of the overall revenue share by 2025. The incorporation of workforce analytics platform is expected to ensures optimum allocation of human resources with the minimal operational cost to the organization.
Asia Pacific is anticipated to incur the fastest growth with a CAGR of 19.6% over the forecast period. The growth can be attributed to the presence of fastest growing economies such as China, India, and Japan in the region. The widespread deployment of the workforce analytics platform in the BFSI sector to meet the unprecedented demand for customer handling is anticipated to stimulate the market growth.
Key players in the workforce analytics market include ADP LLC, Tableau Software., SAP Se, Genpact Ltd., Oracle Corporation and IBM Corporation. The market is highly competitive owing to the presence of numerous solution provider incorporating innovative technologies to offer product differentiation.

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HUD Market: Global Display Industry to Grow at High CAGR in Upcoming Years – 2025

The global head up displays (HUD) market size is expected to reach USD 13.5 billion by 2025, according to a new report by Grand View Research, Inc. In terms of shipments HUD systems demand would reach 34.87 million units by the year 2025.

A Head Up Display is computerized systems that projects information onto the screen in vicinity to the viewer on screen or by means of a separate display. The HUD systems projects data, images, and supporting information to driver or the viewer in such a way that the viewer can view both the outside world and the information simultaneously. Initially, the HUD displays were prominently deployed in aviation industry seeking deployment specifically in military aircrafts. Later, the HUD displays were hosted on to civil aircrafts by means of a secondary screen. In recent times, HUD system finds applications in dynamic application arenas including automobile windscreens, motorcycle helmets where the data is displayed on the visor.

Nowadays, numerous luxury car manufactures such as Daimler AG and BMW AG have started incorporating HUD displays in their premium automobile models. Imminent future is expected to witness standardization of these HUD systems as they help in reducing accident proportion and ensure safer driving. HUD displays are even deployed in numerous gaming applications that seek deployment in conjunction with augmented reality technology. In the coming years, the automotive sector will endure to be the major contributor to the HUD market, nevertheless, the solicitation of HUDs in the wearables segment will witness the highest growth during the forecast period.

The demand from the automotive vertical and the increasing growth opportunities in the wearables sector are driving the growth of the HUD market. Automotive manufacturers are concentrating on ensuring HUD systems design, and economic assessment capability of deployment in basic & mid-segment cars.

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Further key findings from the report suggest:

The automotive HUD application segment dominated the market (in terms of market size) in 2015. HUD system further find solicitations in the aviation and wearables segments.
North America dominated the global market and accounted for the largest market share (in terms of revenue) in 2015; however, Asia Pacific region is anticipated to overgrow North America in terms of revenue by the year 2025.
The growing demand for HUD system can be attributed to the ever-growing demand for efficient and safe driving technology, across defense and civil sectors
Further, sports and premium car segments would initially witness higher adoption of HUD systems, whereas over the forecasts the HUD incorporation would increase in basic and mid-segment car segments.
The key industry participants include BAE Systems, Continental AG, DENSO Corporation, Elbit Systems, Visteon Corporation, Robert Bosch LLC, and YAZAKI Corporation

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Dermatology Devices Market Poised to Exhibit a Double-Digit Growth in the Next Five Years

The global Dermatology Devices Market is expected to reach a value of USD 25.7 billion by 2025, according to a new report by Grand View Research, Inc. Dermatology devices are expected to grow at a faster rate due to rising concern amongst people regarding esthetics. This has led to rising awareness about various types of esthetic procedures used for treating hair- and skin-related disorders. Primarily, women suffer from these disorders. Hence, they are considered as the highest revenue generators for the market.

Incidence of skin disorders is continuously rising amongst people owing to their irregular lifestyle and food habits. Skin disorders such as psoriasis, acne, eczema, and skin lesions are some of the common skin ailments amongst people. Melanoma is a life-threatening skin cancer, which often results due to these skin disorders. Dermatology diagnostic devices help in the early diagnosis of such deadly cancerous diseases.

Obesity has become one of the major issues for both the male and female population. Hence, fat removal procedures are being highly adopted. Liposuction is considered as an effective treatment for obese people. Moreover, the geriatric population is also highly concerned about their esthetic appearance. In order to enhance their esthetic appeal, they go for skin tightening and wrinkle removal procedures. In addition, technological advancements in laser treatments are continuously growing for dermatology devices market, which is making it a lucrative field for people concerned with esthetics.

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Further key findings from the study suggest:

Imaging devices dominated the market in 2015 due to high incidence of skin cancer and technological advancements in related products
Light therapy devices held the largest market share in 2015 due to its wide usability by dermatologists for skin lesion treatment
Skin cancer diagnosis was the highest revenue generator segment in 2015 owing to the high prevalence of skin cancer, particularly, melanoma
Vascular and pigmented lesion removal dominated the market in 2015 due to the high susceptibility of vascular lesion leading to skin tumor
Acne, psoriasis, and tattoo removal is expected to gain lucrative growth over the forecast period due to growing number of people experiencing acne related problems
North America dominated in 2015 owing to the high penetration of light therapy and laser-based instruments in the field of dermatology devices and skin rejuvenation
Some of the key companies include Cynosure, Inc., LUMENIS, Valeant Pharmaceuticals International Inc., Alma Lasers, Ltd., Cutera, Inc., Syneron Medical Ltd., and Avita Medical Ltd.

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Analysis of Dental Implants Market for Future Growth Opportunities

The global dental implants market is expected to be USD 6.81 billion by 2024, based on a new report by Grand View Research, Inc. Rising demand for tooth (or teeth) replacement has provided good growth potential to the market. Growing number of dental injuries owing to road accidents and sport injuries are also considered as some of the major factors favoring demand of implants.

Growing aesthetic awareness amongst people is one of the primary factors leading to growth of the market. With the growing awareness, people are exploring more conservative treatment options. Dental implants are considered the only restorative technique that preserves and stimulates natural bone. Owing to growing number of edentulous people, the demand for prosthetics is increasing, which is expected to be one of the major impact rendering drivers.

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Further Key Findings from the Study Suggest:

The overall market was dominated by titanium because of various applications during surgical placements: one-stage and two-stage techniques Titanium implants provide a cost-effective solution for dental implant treatments due to their long lifespan. However, titanium is prone to corrosion.
Zirconia implants are growing at a faster CAGR of over 8.0% over the forecast period. Introduction of zirconia implants has enhanced the outcome of dental implant treatments. It is a corrosion-free metal, which acts as an added advantage for dental implant surgeries.
Europe held the largest share of around USD 1.5 billion in 2015. One of the primary factors favoring this growth includes high geriatric population base. Presence of key player such as Institut Straumann AG is also expected to contribute toward the market share. Moreover, increasing number of sports related facial injuries has also led to the growing demand for oral rehabilitation, which is expected to drive the growth over the forecast period.
Asia Pacific is anticipated to witness the highest CAGR over the forecast period. Increasing economic stability and spending capacity are further estimated to boost market growth. Growing healthcare dispensing power in countries like Japan is expected to aid in case of high cost of dental implant procedures. Increasing base of dentists and implantologists in China is also estimated further contribute toward growth in the near future
Some key companies are Nobel Biocare Services AG; BioHorizons IPH, Inc.; Institut Straumann AG; Zimmer Biomet Holdings, Inc.; DENTSPLY Sirona; OSSTEM IMPLANT; Bicon, LLC; Leader Italy; Anthogyr SAS; KYOCERA Medical Corporation; DENTIUM Co., Ltd.; T-Plus Implant Tech. Co.; and DENTIS.
Strategic collaboration, mergers and acquisitions, and expansion of product portfolio through R&D initiatives are some of the major strategies that companies are focusing on with an aim to cater to the accentuating demand for dental implants.

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Premium Insights on Defibrillator Market 2020 with Regional Analysis and Key Industry Trends

The Global Defibrillator Market is expected to reach USD 15.75 billion by 2020, according to a new report by Grand View Research Inc. Increasing prevalence of cardiovascular diseases coupled with rising adoption rate of remote and regular patient monitoring is expected to boost the defibrillator market over the forecast period. The market is anticipated to grow at a CAGR 6.8% during the forecast period.

Rising work related stress and exposure to harmful chemicals such as carbon monoxide, lead, arsenic, and unhealthy lifestyle habits are vital causes triggering cardiac diseases. Lack of availability of prompt treatment in case of sudden cardiac arrest (SCA) is another important factor promoting the growth.

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Strategic initiatives by healthcare federal bodies such as the distribution and widespread access of automated external defibrillators (AED) in public buildings and spaces further propels the expansion of the market. This initiative was begun after a study projected that over 700 people die per day due to unavailability of treatment for sudden cardiac arrest.

Implantable cardioverter defibrillator device is expected to report revenue of over 8 billion by 2020 due to enhancement in the technology and reduced number of sudden deaths. External defibrillators are expected to report a CAGR of 7.1% due to new software and smaller implant development. Ilesto DX, a product offered by Biotronik is first of its kind, allowing complete atrial diagnosis with a single defibrillator lead. Home care and public access market together are expected to register lucrative growth with revenue over 1.1 billion by 2020. Faster treatment availability and reduced hospital visits is the principal driver for the development.

North American region is anticipated to contribute over 35.0% of revenue in 2020, owing to rising geriatric population, favorable government initiatives pertaining to faster therapy availability, sophisticated healthcare infrastructure and increasing patient awareness levels coupled with relatively higher healthcare expenditures in the region.

Asia Pacific region is projected to reach over USD 3.5 billion by registering lucrative growth throughout the forecast period. The growth is attributed to the larger untapped opportunities, rising healthcare expenditure, augmenting disease prevalence rate, and supportive government initiatives and concession.

Major players of the industry include Boston Scientific Corporation, ZOLL Medical Corporation, St. Jude’s Medical, Medtronic, Biotronik, and Cardiac Science Corporation. St. Jude’s Medical offer the ShockGuard technology in their devices that facilitate in differentiation between true ventricular tachycardia and other lead noises thereby promoting higher safety of the patient.

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Wednesday 26 July 2017

Increasing the demand for Dental Equipment means that will strengthen the overall industry

The global dental equipment market size is expected to reach USD 8.45 billion by 2020, according to a new report by Grand View Research, inc. Rising geriatric population led to high prevalence of age related dental disorders, which is expected to support the industry growth. As a consequence of unhealthy lifestyle and ignorance of oral hygiene there is high prevalence of teeth and cavities related disorders which in turn is increasing the demand for dental surgeries.

As per the World Health Organization (WHO) statistics globally, 60% to 90% of school children and nearly 100% of adults have cavities. As a result, WHO has undertaken initiatives pertaining to the promotion of oral disease prevention and hygiene across the globe. These initiatives have resulted in a rise in the number of dental diagnostic and therapeutic devices.

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Growth in demand for aesthetic procedures has led to a spur in the cosmetic dentistry. Furthermore, increasing dental tourism has led to an increased demand for sophisticated and advanced equipment.

Systems & parts was the largest product segment accounting for USD 2,206.2 million revenue of the overall market in 2013. High usage rates supported by increasing procedure volumes, is a key factor attributing to the segment’s growth.

Lasers are expected to grow at a lucrative rate over the forecast period owing to, high usage and rising demand of dental lasers especially in the field of cosmetic dentistry. In addition, benefits associated with these lasers namely accuracy and precision in procedures like removal of the enamel decay without affecting the gum and bone tissue are expected to boost usage rates.

North America accounted for a substantial market share in 2013 owing to the growing incidences of oral health problems hence, creating high demand for dental procedures. Europe dental equipment market accounted for a major share in 2013. The region’s large share was on account of the growth in demand oral health related products and increasing patient awareness

Asia Pacific is expected to witness high growth over the forecast period owing to increased demand due to presences of large patient pool with high unmet demand. Adoption of innovative instruments and techniques is expected to propel growth in this region. Furthermore, improving healthcare infrastructure as a result of favorable government initiatives is likely to introduce an amicable business environment to the region.

Key players of this market include Danaher Corporation, Planmeca Oy, A-Dec Inc., Sirona Dental Systems, Carestream Health and Dentsply international, 3M ESPE and Biolase.

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