Market Forecast News: August 2017

Thursday 31 August 2017

Adhesion Promoter Market is Growing at a CAGR of 6.0% by 2024

The global adhesion promoter market is expected to reach USD 5.21 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for silane and silicone products to enable efficient transportation with greater fuel savings is likely to foster industry growth.

The increasing industrialization in emerging economies such as Brazil, China, India and Mexico coupled with a growing automotive sector has prompted high demand for sustainable paints and coatings. Silane promoters, in particular contribute to extended material lifetime and boost resource usage especially in automotive paints.

Rising consumer disposable income in these economies is also expected to contribute to high passenger car sales which in turn is crucial to industry growth. Growing environmental and regulatory pressure to reduce resource wastage and carbon emissions from the transportation sector is also likely to promote product demand.

High demand for silane products such chlorosilanes and other alkoxysilanes on account of greenhouse gas (GHG) abatement effects is likely to foster silane growth. Silanes thus emerged as the largest product with around 34% market share in 2015. Maleic anhydride emerged as the fastest growing product with highest CAGR of 7.3% from 2016 to 2024. These additives provide durability and enhanced binding capabilities to composites, specifically providing strength & stability in the automotive & construction sector.

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

Further key findings from the report suggest:

Global adhesion promoter market size was708.1 kiloton in 2015 and is expected to reach 1,181.5 kilo tons by 2024, growing at a CAGR of 6.0% from 2016 to 2024
Plastics & composites were the leading application segment and accounted for 32.9% of total market volume in 2015.Development of innovative polymer resin materials and high performance plastic composites is likely to lead to their usage in automotive, aerospace and marine transportation owing to their light weight and high strength.
Technological advancements are expected to spur product demand in ‘green tires’ leading to growth in rubbers segment. China generated the highest demand for promoters in rubber segment accounting for over 17% of its consumption in 2015.
North America and Europe present relatively mature markets with a combined share of around 39% in 2015. Highly developed countries such as the U.S., Canada, Germany, the UK, France and Italy witnessed high product penetration, presenting few opportunities to market participants over the forecast period.
Adhesion promoters market is mainly dominated by multinational players such as BASF, Arkema, The 3M Company, Eastman Chemical Company, DuPont, Ashland, Momentive Performance Materials Inc., Dow Corning Corporation, Altana AG, Evonik Industries among several other independent players.

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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

Ammonium Sulfate Market Growth - Trend Towards Increasing Crop Yield

The global ammonium sulfate market is expected to reach USD 3.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing fertilizers demand on account of growing population and decreasing arable land is expected to remain a key driving factor for global ammonium sulfate market. Shift in trend towards increasing crop yield by increasing nutrient contents such as nitrogen and sulfur in soil is also expected to have a positive influence on the market growth. Presence of stringent regulatory norms particularly in developed markets of Germany, France, UK and the U.S. are expected to remain a key challenge for market participants.

Solid ammonium sulfate emerged as the leading product segment and accounted for over three quarters of total demand in 2014. Solid ammonium sulfate is also expected to witness highest growth of 2.45% from 2015 to 2022. Granular ammonium sulfate finds its application across a wide range of end-use industries which has contributed towards its growth.

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http://www.grandviewresearch.com/industry-analysis/ammonium-sulfate-market

Further key findings from the report suggest:

Global ammonium sulfate market demand 24.60 million tons in 2014 and is expected to reach 29.81 million tons by 2022, growing at a CAGR of 2.43% from 2015 to 2022.
Fertilizer emerged as the leading application segment and accounted for over 90% of total market volume in 2014. Continuous increase in population coupled with need to increase cultivation yield is expected to benefit the demand for ammonium sulfate in fertilizers. Novel applications such as food additives are expected to witness the highest growth of 2.90% from 2015 to 2022.
Asia Pacific was the leading regional market with demand share estimated at 39.0% in 2014. Presence of a large agriculture industry in China, India and South East Asian countries is expected to remain a key driving factor for the regional market. The region is also expected to witness the highest growth of 2.57% from 2015 to 2022.
Central and South America is expected to witness significant growth to account over 17% of the global market by 2022. Ammonium sulfate demand in Brazil is expected to rise over the forecast period and have positive impact on the overall regional market.
Ammonium sulfate industry is fragmented with presence of large number significant market players across the globe. Some leading companies operating in the global market include DSM, Honeywell and BASF. Other companies include Sumitomo Chemicals, Helm AG, Evonik Industries, Domo Chemicals, AkzoNobel, Lanxess, Rentech and Agrium.

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Wednesday 30 August 2017

Regulatory Affairs Outsourcing Market – Global Analysis and Forecast 2014 – 2025

The global regulatory affairs outsourcing market is expected to reach USD 12.4 billion by 2025, according to a new report by Grand View Research, Inc. Outsourcing of regulatory affairs functions to CROs or other individual service providers offers life science companies the benefit to achieve cost efficiency and reduce the overall approval process time by eliminating delays associated with regulatory submission requirements. These benefits are primarily driving the outsourcing trend and hence impacting the market over the forecast period.

The augmenting disease prevalence in Asia Pacific and MEA regions and increasing number of clinical trials being conducted is stimulating life science companies to expand into these regions thereby increasing the demand of these services. Changing regulatory landscape especially in developing regions and stringent directive requirements in developed regions such as North America and Europe are driving the adoption of outsourcing trend in regulatory affairs function. Growth in emerging areas such as biosimilars and orphan drug is expected to stimulate the demand for regulatory expertise thereby contributing to the growth of regulatory affairs outsourcing market.

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

Further Key Findings From The Study Suggest:

Based on product, legal representation is expected to witness lucrative growth during the forecast period owing to healthcare reforms especially in emerging regions such as India and China. Also, rising demand of legal representation in regions such as Europe for gaining market authorization for companies who do not have an established base in the region. For instance, small or mid-size biopharmaceutical companies having domestic only, requires legal representative if they want to expand their presence in European countries such as UK and Germany. Regulatory writing and publishing is expected to be the leading segment during the forecast period.
Few of the industry players for the regulatory affairs outsourcing market are Clinical Research, Clinilabs Inc., Criterium Inc., PRA International, Promedica International, Wuxi AppTec, Medpace Inc.The other major players include Pharmaceutical Product Development(PPD), PAREXEL International Corporation, Charles River Laboratories International Inc., and Covance Inc.
There has been a trend of strategic partnership between services providers for increasing service portfolio or expanding regional presence. For instance, PPD formed a joint venture with Shin Nippon Biomedical Laboratories Ltd. (SNBL), leading provider of development services to biopharmaceuticals, to provide clinical development services in Japan including function based services such as regulatory and pharmacovigilance.

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Challenges for the Thermoplastic Polyester Elastomer Market By 2025

The global thermoplastic polyester elastomer (TPEE) market is expected to reach USD 1.49 billion by 2025, according to a new report by Grand View Research, Inc. Progress in plastics technologies & compounding or processing capabilities are expected to complement industry growth over the forecast period.

Thermoplastics polyester resins combine excellent electrical, mechanical, and thermal properties with high dimensional stability & chemical resistance among other advantageous characteristics. Growing penetration of bio-based feedstock from renewable resources such as biomass has had a significant impact on sustainable consumption patterns in the market.

Significant growth in end-use industries such as automotive, construction, industrial manufacturing, electrical & electronics, consumer goods and others in emerging economies is a major factor driving TPEE demand. The value chain consists of raw material manufacturers producing ethylene, methacrylic acid and SBS rubber, which are highly dependent upon crude oil supply and challenge suppliers.

Increasing R&D activities by numerous companies involved in the production, distribution and recycling of TPEE compounds are expected to drive investments in the market and boost growth. New entrants are likely to be compelled to innovate in order to compete with existing multinational companies and gain a foothold in the market.

Automotive emerged as the dominant end-use market with over 42% of the volume share in 2016. TPEE materials that foster higher performance of components such as airbag accessories, lock assemblies, door handle seals, silencer gears and others are anticipated to drive industry growth over the forecast period.

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

Further key findings from the report suggest:

The global thermoplastic polyester elastomer market exceeded 230 kilo tons in 2016 and is expected to grow at a CAGR of 4.9% from 2016 to 2025
Increasing consumer interest in miniaturized and ‘smart’ wearable electronics has driven TPEE consumption in this segment. The electrical & electronics end-use market is likely to account for about USD 290 million by 2025, growing at CAGR of 6.2% from 2017 to 2025.
Rising expenditure on healthcare and medical facilities is another driving factor with expanding geriatric population across developed economies and numerous epidemic breakouts in recent years. The compound is widely used in the production of medical devices, equipment and even surgical instruments owing to its high safety features & sustainability.
The U.S. is anticipated to remain a major market in the industry on account of the high levels of industrialization and concentrated large players present in the country
China is also anticipated to remain a dominant player with increasing investments in the region’s industries such as automotive, construction, medical and electronics. Rising disposable income is also expected to play a key role in developed TPEE production capabilities as consumers invest higher levels in advanced goods.
The industry is fragmented in nature with large multinationals occupying dominant position in the market such as DuPont, A. Schulman, BASF, Ashland, Covestro, SABIC, Mitsubishi Chemicals and others. Smaller to medium sized players occupy a relatively minor share with limited product portfolios and presence.

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Latest Trending Research Study on Melanoma Therapeutics Market Analysis 2014 – 2025

The global melanoma therapeutics market is expected to reach USD 12.4 billion by 2025, according to a new report by Grand View Research, Inc. Increasing incidence of chronic diseases such as melanoma, skin cancer, and skin allergies is an important driver of the market.

According to CDC, over 71,943 people were affected by melanoma in 2013. The American Cancer Society estimates that this number will go up to 87,100 in 2017, thus highlighting the need for melanoma drugs over the forecast period.

Increasing number of FDA approvals and introduction of novel therapeutics with enhanced efficacy are also anticipated to present growth opportunities. Within a period of 6 years, i.e., from 2011 to 2016, around eight biologics have been approved for the treatment of this disease, which include Opdivo, Yervoy, Cotellic, Zelboraf, Keytruda, Mekinist, Tafinlar, and Imlygic.

Companies are undertaking various R&D activities to find new indications for existing products and development of innovative molecules. For instance, in September 2014, the U.S. FDA approved patented drug Keytruda (Merck & Co., Inc.) to treat metastatic melanoma, thereby extending the therapeutic application of its product. This drug was initially approved for treatment of non-small cell lung cancer.

Furthermore, many pharmaceutical companies in the U.S., Europe, and Asia Pacific are focusing on development of new biologics. For instance, in March 2017, Daiichi Sankyo Company, Limited announced a collaborative drug discovery project—Take a New challenge for Drug discovery (TaNeDS)—to facilitate new drug development through collaborations. Moreover, it entered into a strategic research collaboration with AgonOX, Inc. to develop new immunotherapy drugs for the immuno-oncology segment. Approval of novel products over the forecast period is anticipated to boost market growth.

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

Further Key Findings From the Study Suggest:

Targeted therapy segment is expected to show lucrative growth owing to benefits such as low adverse effects and higher efficiency
Branded drugs held a dominant share of the industry because of patent exclusivity
Biologics, such as Opdivo and Cotellic, are expected to exhibit lucrative growth over the forecast period owing to increase adoption and advantages such improved therapeutic effects
The patent for Yervoy will expire in 2022 in the U.S. and in 2020 in Europe. This is expected to provide growth opportunities for new market entrants
Asia Pacific is expected to exhibit lucrative CAGR over the forecast period
Key market players are increasing R&D efforts for discovery and development of novel drugs for the treatment of melanoma

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Molecular weight marker market is expected to reach a value of USD 1.1 billion by 2025

The global molecular weight marker market is expected to reach a value of USD 1.1 billion by 2025, according to a new report by Grand View Research, Inc. Increasing investment in R&D by companies including biotechnology and biologics is the major factor that drives the growth during the forecast period. These markers are used by researchers and companies for various applications such as polymerase chain reaction (PCR), northern blotting, southern blotting, and molecular cloning. Thus, the increasing application of these products in R&D is expected to boost growth.

Increasing focus on molecular biology research is another major factor supporting the growth of the molecular weight marker market. Molecular biology research is important to understand interactions between the different systems of a cell, including DNA, RNA, and protein biosynthesis & regulation. Thus, these research activities are very high in developed countries and are growing at a high pace in developing countries including China and India. Hence, there is a growing demand for molecular weight marker for research activities, which is expected to fuel the growth.

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

Further key findings from the study suggest:

DNA markers was the largest revenue-generating segment of the molecular weight marker market in 2016 and is also expected to showcase the fastest growth during forecast period
In the application segment, nucleic acid accounted for the largest share in 2016, owing to the large application of DNA markers in PCR, sequencing, northern blotting, southern blotting, and molecular cloning
The academic and research institutes dominated the molecular weight marker market in terms of revenue in 2016, due to the large focus on molecular biology and other related research activities
The North America molecular weight market is the leading regional sector and accounted for the largest revenue share in 2016, mainly due to the existence of large number of research laboratories and biotechnology companies in this region
The Asia Pacific market is projected to grow at a highest growth rate during the forecast period. The developing healthcare infrastructure and escalating interest on molecular research in the Asian countries such as India and China is a major factor contributing to the growth in this region
Some of the major players include Thermo Fisher Scientific, Inc.; F Hoffmann-La Roche Ltd.; Merck KGaA; Agilent Technologies; QIAGEN; TAKARA BIO, INC.; Bio-Rad Laboratories, Inc.; Promega Corporation; and New England Biolabs

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Global Intravascular Warming Systems Market is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global intravascular warming systems market is expected to reach a value of USD 565.4 million by 2025, according to a new report by Grand View Research, Inc. Increasing number of surgical procedures is the most significant factor projected to boost the growth of the market during the forecast period. According to the WHO, around 266.2 to 359.5 million surgeries were performed globally in 2012 and this number is expected to increase in the near future. This in turn results in the need for intravascular warming products pre-, intra-, and postoperatively.

Rising adoption of technologically advanced medical devices by operating rooms, ICUs, and emergency rooms is another major factor contributing to the growth of the market. The manufacturers are focusing on developing better in-line intravascular warming systems, which facilitate rapid flow of normothermic blood and intravenous fluids. The portability feature of these product also facilitates convenient usage during trauma or while transporting a patient to the hospital. Thus, the popularity of these devices is growing at a rapid pace, which is expected to propel the growth of the market.

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

Further key findings from the study suggest:

Perioperative care was the largest revenue-generating segment in 2015 in the intravascular warming systems market. This is due to rising adoption of technologically advanced medical devices in operating rooms and ICUs
The acute care segment is expected to grow at highest rate during forecast period, owing to increasing adoption of intravascular warming systems for the treatment of accident and trauma patients
In 2015, operating rooms segment held the largest revenue share in this market, owing to the increasing number of surgical procedures worldwide
The emergency rooms segment is expected to grow at high pace during the study period, due to escalating number of patients requiring emergency medical care
North America held the largest share in the year 2015. The factors that can be attributed to such growth include well-developed healthcare infrastructure and high incidence of hypothermia & related death rates in countries like the U.S.
Asia Pacific is expected to grow at a lucrative CAGR owing to rising number of surgical procedures due to large number of road accident cases in India and China.
Some of the key players include Stryker Corp.; 3M; The 37 Company; Smiths Medical, Inc.; Geratherm Medical AG; Inditherm Plc.; Becton, Dickinson and Company; and Estill Medical Technologies, Inc.

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Tuesday 29 August 2017

Structural Heart Imaging Market is Anticipated to Reach $25.3 Billion By 2025

The global structural heart imaging market is expected to reach USD 25.3 billion by 2025, according to a new report by Grand View Research, Inc. Global increase in incidence of Structural Heart Diseases (SHDs), growing awareness about diseases, and technological advancements in imaging modalities are anticipated to drive the market during the forecast period.

Furthermore, clearer high-quality images are necessary for management of patients suffering from SHDs. Hence, availability of technologically advanced devices and increase in their adoption are likely to boost the market in the coming years. Echocardiogram, Magnetic Resonance Imaging (MRI) and CT are the most widely used modalities for SHI.

Echocardiogram accounted for the maximum share in the SHI market in 2016 and is estimated to maintain its dominance during the forecast period. This can be attributed to the adoption of echo test as a first-line imaging technique, low cost as compared to CT & MRI, and its superiority in visualization of intracardiac structures.

MRI segment is expected to witness the fastest growth in the coming years due to technological advancements, as well as the ability of MRI to provide accurate & reproducible quantification of ventricular function and image the entire body.

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

Further Key Findings From the Report Suggest:

Globally, the SHI market is expected to exhibit a CAGR of almost 10% from 2017 to 2025, which can be attributed to increase in investment by players for advancements in imaging of structural heart diseases, as well as increase in number of patients suffering from SHD.
By modality, echocardiogram segment dominated the market in 2016 and is estimated to account for more than 50.0% of market share by 2025. This can be attributed to its superiority in visualization of intracardiac structures
MRI segment is likely to drive the market at the fastest rate in the coming years due to technological advancements in MRI devices. Furthermore, this modality does not use ionizing radiation, making it more suitable than CT for diagnosis of children & pregnant women
Geographically, in 2016,North America accounted the largest share and is expected to maintain its dominance during forecast period due to availability of technologically advanced devices, high healthcare expenditure, and favorable reimbursement policies for imaging
Asia Pacific is likely to witness lucrative growth in the coming years owing to growing investments by players in the region and increase in well-equipped & sophisticated hospitals. These factors are expected to result in rise in demand for advanced procedures for structural heart diseases
Some of the key players operating in the SHI market are Toshiba Corporation; Siemens Healthineers; Koninklijke Philips N.V.; Shimadzu Corporation; Pie Medical Imaging; Circle Cardiovascular Imaging, Inc.; TomTec Imaging Systems GmbH; CardioComm Solutions, Inc.; and HeartSciences.

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Dairy Processing Equipment Market Poised for Steady Growth in the Future

The global dairy processing equipment market is anticipated to reach USD 14.84 billion by 2025, according to a new report by Grand View Research, Inc.Favorable regulatory scenario and removal of milk quota in the European Union, are anticipated to favor industry growth.

The industry is expected to grow at a robust pace over the forecast period. A broad range of diverse products and rising importance of automation process in dairy products is expected to surge the demand for processing equipment. Milk processing companies are trying to reduce the production cost for processing milk and other dairy products to gain profitability.

The players present in the industry are trying to develop new and improved technologies to gain a competitive edge on other players. Major players are shifting towards process automation for reducing direct labor cost, improving quality, increasing productivity, maintaining consistently, and eliminating contamination source. Market players are also developing new and improved technology such as rumination sensors & cow activity system, robotic milking systems technology, and regular calf feeder technologies to enhance the productivity in dairy industry.

The global demand for homogenizers type in the industry is growing rapidly owing to various advantages of the products. Helping in reducing the bacterial & others microbiological activity, increasing the shelf life, and improving properties such as color, flavor, consistency, taste & texture of a product are some of its advantages. These factors are expected to support the growth of the homogenizers market over the forecast period.

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

Further key findings from the report suggest:

The global demand for dairy processing equipment market was valued at USD 8.84 billion in 2016. The market is anticipated to reach USD 14.84 billion by 2025, while growing at a CAGR of 6.0% from 2017 to 2025.
Pasteurizers segment dominated the market in 2016 followed by homogenizers segment
Cheese is the largest application segment in 2016 and is projected to follow the same growth trend over the forecast period. The segment is expected to grow at a CAGR of 6.0% over the forecasted period.
Asia Pacific region is anticipated to have the fastest growth. The region is projected to grow at a CAGR of 6.4% over the forecast period.
Some of the major players in the industry include SSP Pvt Limited, Inoxpa SA, GEA Group, Alfa Laval Corporate AB, IDMC Limited, A&B Process Systems, Feldmeier Equipment, Inc., Sealtech Engineers, Gemak Ltd., and Van den Heuvel Dairy & Food Equipment B.V.

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Factors Driving the Photovoltaic Materials Market in Coming Years

The global photovoltaic materials market is expected to reach USD 36.23 billion by 2025, according to a new report by Grand View Research, Inc. The growing PV installations coupled with rise in module manufacturing facilities in Asia Pacific is driving market demand.

The demand for photovoltaic materials is the highest in the construction of solar cell. The growing number of PV projects commissioned by the government is boosting the consumption. The government incentive offered on building integrated photovoltaics is expected to further augment market demand.

Asia Pacific accounted for the maximum market share owing to the presence of a large number of module manufacturers in China and India. The slowdown in the Chinese manufacturing sector due to sanctions imposed by the government is expected to force module manufacturers to turn towards other developing countries. The growing exports of solar cells from Asia Pacific to North America and Europe are expected to have a positive impact on market demand.

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

Further key findings from the report suggest:

Polycrystalline silicon dominated the material segmentation with a market share of 62% in 2016.
Copper Indium Gallium Selenide material segment is projected to grow at a CAGR of 13.3% from 2017 to 2025 owing to research on new materials to be used in the construction of solar cell.
Encapsulant products are anticipated to grow at a CAGR of 11.8% from 2017 to 2025 due to high demand for these products in thin film and silicon wafer modules
Europe market share is expected to decrease to around 14% in 2025 owing to growing exports of PV modules from Asia Pacific.
Middle East & Africa is anticipated to grow at a CAGR of 8% from 2017 to 2025 owing to governments in these regions investing heavily in solar PV installations.
The industry participants are engaged in research on new materials used in the manufacturing of solar cells.

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Rapid Increase in Medical Gas Equipment Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2020

Rising geriatric population and prevalence of respiratory diseases owing to increasing air pollution and unhealthy dilatory habits are some of the key factors driving the demand for medical gases and equipment. On the other hand, the global scarcity of helium is impeding the growth of the market.

Implementation of favorable regulations by governments worldwide is augmenting the growth of the market. The Food and Drug Administration Safety and Innovation Act (FDASIA) is one of the examples of such regulatory guidelines supporting the market growth. FDASIA enables withdrawal of drug user fees, approval of medical gasses for clinical usage, and also offer favorable intellectual protection right for innovative products.

Oxygen gas dominated the global medical gases market with a share of more than 44% in 2013. Rising number of patients suffering from respiratory diseases has been primarily boosting the growth of the oxygen gas among other segments.

Nitrous oxide accounted for around 25% of global market in 2013. The market share of the segment is expected to shrink during the forecast period since Increasing replacement of the gas by anesthetic drugs is expected to result in slow growth of nitrous oxide over the forecast period.

Medical pure gas dominated the market with a revenue of USD 1.7 billion in 2013. Rising prevalence of various respiratory disorders in geriatric population was the key driving factor for the growth of medical pure gases market.

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

Medical gases mixtures are anticipated to grow at a CAGR of 11.1% from 2014 to 2020. Increasing demand for the product in various medical administrations such as bypass surgery, renal dialysis, sterilization and other particular conditions are some of the factors responsible for the growth of the segment.

Vacuum systems dominated the overall equipment segment market share of more than 30% in 2013. Extensive research and development followed by constant innovation in the products are anticipated to widen its application in the respiratory disease treatment during the forecast period.

Medical masks are fastest growing medical equipment and is expected to show CAGR of around 9% from 2014 to 2020. Largest revenue share of the segment was majorly attributed to low production costs coupled with very high usage rates. Manifolds, regulators, and outlet are some of the segments that are also expected to witness significant gains in near future.

North America contributed to more than 40% of the overall revenue share and was worth USD 2.48 billion in 2013. The presence of anadvanced healthcare infrastructure, the high adoption rate for advanced technologies and reimbursement coverage are some of the factors resulting in the dominance of the region. Europe was the second largest regional market after North America with a market share of around 19% in 2013.

Asia Pacific is anticipated to be the fastest growing market with CAGR of 9.9% during the forecast period. High air pollution index resulting in a large pool of target population is expected to propel growth in the region over the projected period. Moreover, the booming medical tourism industry is projected to attract global patients to this region. As a result, demand for medical gases and equipment is anticipated to increase significantly in Asia Pacific.

Growing M&A, investment in R&D, and product innovations are some of the strategies implemented by market players to sustain the competition and maintain their market share. For instance, in May 2014, Medical Gas Solution introduced the Medi Quick and Medi-1st kits to its product portfolio.

Major players in the global market include Air Liquide, Linde Gas, Air Products and Chemicals Inc., Matheson Tri-Gas Inc., and Praxair Inc. In 2013, the market was dominated by Air Liquide. Efficient distribution channel coupled with broad product portfolio enabled Linde Gas to capture market share of approximately 18%.

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Growing Adoption of Wearable Camera market in Security & Medical Sectors

The global wearable camera market is expected to reach USD 10.9 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for convenience and exceptional experience of cameras has increased the growth and penetration of wearable cameras. The growing demand for smartphones, easy accessibility of the internet, and high-speed data networks have resulted in the increasing usage of these cameras. The growing adoption of wearable cameras in the security and medical sectors is anticipated to revolutionize the market by 2025.

The market has been segmented based on varied types of wearable cameras, such as head mount, body mount, and ear mount & smart glass. Based on applications, the market has been segmented into sports & adventure, security, healthcare, and industrial. The sports & adventure sector is the largest application sector in terms of size and is expected to dominate the market over the forecast period, owing to the rising popularity of sports and adventure activities.

The growing popularity of wearable cameras is encouraging manufacturers to invest in research & development for creating better products. Manufacturers have been observed making significant investments to simultaneously develop new products in an effort to enhance user experience. Additionally, researchers are focusing on innovating reliable and cost-effective products.

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

Further key findings from the report suggest:

The global wearable camera market was valued $2.09 Billion in 2016 and is expected to grow at a 18.19% CAGR from 2017 to 2025
The head mount segment dominated the overall market in 2016. A head mount wearable camera is often attached to the helmet of the user and generally used in sports and adventure activities such as wingsuit flying and base jumping.
The growing demand for wearable cameras can be accredited to the growing popularity of sharing experiences on social networking sites.
Wearable cameras offer exciting new applications in the medical field. For instance, they are used for surgical training where the first-person surgical video captured by the wearable camera is used as a training resource.
•The North American region dominated the market, accounting for the largest global market share in 2016 owing to its large consumer base.
•Key industry participants include GoPro Inc. (U.S.), Drift Innovation Ltd. (UK), Garmin Ltd. (U.S.), Xiaomi (China), and Sony Corporation (Japan).

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Coating Equipment Market Trends - Growing Consumption from the Automotive Application

The global coating equipment market is expected to reach USD 22.23 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application.

Robust growth in the consumption owing to rising government spending, fast-growing population, and continued progress on infrastructure projects in Middle Eastern economies is likely to augment product utilization in the residential sector.Africa residential sector is expected to witness growth on account of increasing foreign direct investments and rising consumer’s willingness to spend.

Governments of Middle East have framed favourable policies to promote investments in the automotive sector. In addition, expansion of road networks along with urban population growth has played a crucial role in increasing sales of automotive vehicles in Middle East countries such as Saudi Arabia and United Arab Emirates.

The global coating equipment market is expected to witness significant competitive rivalry due to the presence of numerous players across the industry. As a result of changing consumer trend, various companies are launching new products to expand their product offerings and put up with the competition in the market.

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Further key findings from the report suggest:

Powder coating equipment accounted for a share of 38.7% of global market revenue in 2016 owing to low cost as compared to specialty coatings
Powder coating equipment has the ability to produce thin films which are utilized by aerospace and automotive industry due to their lightweight
Development and utilization of machinery in agriculture sector has witnessed significant growth globally which is anticipated to provide positive scope for product demand as the machinery typically requires coating
South Korea is expected to show high growth in the construction industry owing to private and public investments in commercial, industrial, and infrastructure projects
Key players in the industry perform distribution directly to the end user rather than distributing the product through third party sources. Wide distribution channel in the market is achieved through both physical retail stores and online retailing.
In March 2017, Oerlikon acquired novel technologies which enabled the company to strengthen its business position in coatings & equipment market
In December 2016, Sata GmbH & Co.Kg introduced Satajet 4800 K spray mix to serve high pressure applications

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Monday 28 August 2017

Premium Insights on Cerium Oxide Nanoparticles Market 2025 with Regional Analysis and Key Industry Trends

The global cerium oxide nanoparticles market is expected to reach USD 1.04 billion by 2025, according to a new report by Grand View Research, Inc. Strong demand from sectors such as construction and automobiles, increasing research and technological advancements is expected to benefit the market demand.

Regarding application, energy storage dominated the segment and is expected to grow at a CAGR of 14.7% from 2017 to 2025. Cerium oxide nanoparticles is widely used as catalyst converters and fuel additive which enables to decrease the burnout time, reduce ignition time and peak temperature in automotive industry. These advantages coupled with the growth of automotive industry is expected to favor market growth over the next eight years.

The chemical product has capability to act as UV refractors in sunscreen as they absorb and neutralize organophosphates (Ops). Moreover, it also enhances the quality of the personal care products. Cerium oxide nanoparticles are used in the manufacturing of energy storage products, personal care products, pharmaceutical products and as a polishing agent for glass industry. The broad application portfolio has benefitted the chemical demand in the recent past, and this scenario is expected to continue over the forecast period.

Companies have adopted strategies to make aware the consumers about benefits of cerium oxide nanoparticles by performing cerium oxide test in the optical polishing laboratory. In addition, companies are also trying to optimize their production process to obtain a high grade of the product.

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Further key findings from the report suggest:

The global cerium oxide nanoparticles demand was 9.1-kilo tons in 2016 in terms of volume and is expected to grow at a forecasted CAGR of 14.0% over the forecasted period.
Energy storage was the largest application segment in 2016 and is expected to reach USD 359.1 million by 2025
Polishing agent application segment is anticipated to grow at a forecasted CAGR of 14.5% from 2017 to 2025
Cerium oxide nanoparticles in pharmaceuticals are used to address issues such as obesity and lungs diseases. It acts as therapeutic agent for the treatment of intra-abdominal infection.
Industry participants include Strem Chemicals, Inc., Nanophase Technologies, Corporation, American Elements among others.

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Surgical Dressing Market Growth Demand - Increasing Organ Transplant Surgeries

The global surgical dressing market is expected to reach USD 5.6 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.6% over the forecast period, owing to increasing organ transplant surgeries, increasing disease burden of lifestyle disorders and widened range and number of Ambulatory Surgical Centers (ASC).

Globally there were 126,670 organ transplant surgeries in 2015, which is approximately 15.0% higher than transplants in 2000, according to the Global Observatory on Donations and Transplantation (GODT) database. This exponential increase in the number of organ transplant surgeries is expected to increase the demand for these products in this vertical.

Another key driver for this market is the increased disease burden of Cardiovascular Diseases (CVD) and the resultant surgeries for the treatment or management of the disease. It was estimated by the American Heart Association (AHA) that 92.1 million adults in the U.S. would suffer from at least one type of CVD by 2017.

ASC conduct surgical procedures related to pain management, urology, orthopedics, restorative, reconstructive or alternative plastic surgeries and Gastro Intestinal (GI) related surgeries. Thus, rising volume and range of ASC is expected to increase the demand for this industry.

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Further Key Findings From the Study Suggest:

Primary segment is the major contributor for the surgical dressing vertical in 2016.
NPWT (Others) recorded the fastest growth in the surgical dressing industry.
Hospitals are the major contributors in the end-user segment for the surgical dressing vertical in 2016.
The ASC is the fastest growing end-user segment for the surgical dressing market in 2016.
North America is the major market for growth of the surgical dressing industry.
The Asia Pacific region recorded the fastest growth in the global surgical dressing industry
The key players include Medline Industries, Inc. Smith & Nephew, Advancis Medical, Acelity, Medtronic, Alliqua Biomedical, Inc., 3M, Coloplast, ConvaTec, Inc., Mölnlycke Health Care AB.
The key strategic initiatives include new product launches, acquisitions and mergers, and collaborations.

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Thursday 24 August 2017

Meat Substitute Market Growth Factor - Animal Disease Outbreaks

The Global meat substitute market is expected to reach USD 5810.1 million by 2022, according to a new study by Grand View Research, Inc. Rising health awareness coupled with shifting dietary preferences towards vegan diet is expected to drive the global meat substitutes market. Recent animal disease outbreaks and growing prevalence of various lifestyle induced diseases such as obesity and diabetes are also expected to have a positive impact on the market growth. High price of various meat substitutes is expected to hinder the market growth. Increasing R&D initiatives to develop superior and cheaper products is expected to yield opportunities for market participants.

Soy emerged as the major raw material used for producing meat substitute products. Soy alone accounted for over 80% of total market revenue in 2014. Growing demand for nutritional food on account of growing health concerns is expected to drive this segment over the forecast period. Soy based meat substitutes is a good source of vitamin B, protein and Iron. Wheat is expected to be the fastest growing raw material use for producing meat substitutes. The segment is expected to grow at an estimated CAGR of 10.0% from 2015 to 2022.

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Further key findings from the study suggest:

Global meat substitute market was valued at USD 3,336.5 million in 2014 and is expected to reach USD 5,810.1 million by 2022, growing at a CAGR of 7.5% from 2015 to 2022.
Textured vegetable protein (TVP) emerged as the leading product segment and accounted for 43.7% of total market revenue in 2014. Increasing demand for soy based meat substitutes is expected to drive this segment over the forecast period. Seitan is expected to witness the highest growth of 9.8% from 2015 to 2022. Growing wheat gluten consumption in Asia Pacific is expected to drive this segment over the forecast period.
Europe emerged as the leading regional market and accounted for 42.0% of total market revenue in 2014. Growing health concerns particularly in developed economies of Europe is expected to drive the regional market over the forecast period. Asia Pacific is expected to witness the highest growth of 8.6% from 2015 to 2022. Increasing disposable income level particularly in India, China and Indonesia is expected to drive the regional market.
Major industry participants have been taking strong initiatives to develop superior quality meat substitute products. Companies have been engaged in mergers & acquisitions and forging partnerships with those possessing R&D capabilities and having strong presence in the agro sector. Prominent industry participants include AMY’s Kitchen, Beyond Meat, Blue Chip Group, Cauldron Foods UK, garden Protein International Inc., Meatless B.V., Quorn Foods and Vbites Food Ltd.

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Metal Foil Tapes Market Finds Application in Construction Industry - Trends & Forecast By 2025

The global metal foil tapes market is expected to reach USD 3.51 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from building & construction industry has been a key factor driving market growth, globally. In addition, robust growth in various end-use industries such as automotive & transportation, electronics, consumer goods & appliances, defense and aerospace is also fueling the demand.

Building & construction segment held the largest market share owing to its wide-scale usage in heating, ventilation and air conditioning (HVAC) for various purposes. In addition, rapid increase in infrastructural activities all over the globe is further driving the segment growth. Rising demand for metal foil tapes is anticipated to spur at a faster pace on account of rising need for environmental protection of assemblies and surfaces from extreme chemical and temperature conditions.

Aluminum foil tapes accounted as the largest metal type segment in 2016 and is anticipated to grow significantly over the coming years. It is extensively used on account of its superior performance in hot and cold environmental conditions. In electronics industry, metal foil tapes are extensively used to coat electrical cables as foil tape is polymer coated. Its resistance to weather shields communication cables from the environment is further supporting to increase the demand for metal foil tapes over the forecast period. Aluminum foil tapes are widely used in circuit boards, wrapping insulation cables and other temperature sensitive electronic materials.

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Further key findings from the report suggest:

The global metal foil tapes demand was USD 2,042.2 million in 2016 and is expected to grow at a CAGR of 6.3% from 2017 to 2025. Building & construction emerged as the largest end-use segment in 2016 and is estimated to generate revenue worth USD 1,163.7 million by 2025.
Global demand for copper foil tapes was USD 333.7 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in defense & aerospace segment was USD 35.6 million in 2016 and is projected to grow at rate of 6.8% from 2017 to 2025
The industry in Asia Pacific is projected to witness substantial growth over the next eight years owing to robust growth in various end-use industries, especially in the building & construction market. In terms of revenue, the APAC market is expected to grow at a CAGR of 7.1% between 2017 and 2025
Key players including The 3M Company, Saint-Gobain S.A., Scapa Group Plc, Hitachi Maxell, Ltd., Shurtape Technologies, LLC and Nitto Denko Corporation dominated the global market while acquiring for over half of the total revenue in 2016

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Wednesday 23 August 2017

Gas Chromatography Market is Growing at CAGR of 6.4 % By 2025

The global gas chromatography market is anticipated to reach USD 4.3 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 6.4% over the forecast period, owing to increasing government investments in chromatography technologies coupled with rising collaborations between chromatography manufacturers and research laboratories.

Government in some parts of the world are investing in the chromatography techniques. For instance, Government of Canada has invested into business innovation initiative that is likely to help southern Ontario companies such as Natrix Separations, Inc. for developing new ideas and take their innovations to market. This funding is expected to assist the company in designing a prototype and developing single-use membrane-based chromatography products for large-scale biopharmaceutical manufacturing.

Rising collaborations between chromatography manufacturers and research laboratories are gaining pace in order to develop, evaluate, and validate new methods. For instance, PerkinElmer, Inc. has collaborated with Waters, to get practical and sustainable scientific innovations in order to optimize laboratory operations and to meet regulatory compliance.

The research activities include application areas, such as food and natural product analysis, pharmaceutical analysis, chemistry, petrochemistry, polymer analysis, and environmental analysis. Additionally, Hichrom Limited, a UK-based company collaborated with the chromatographic instrument and column manufacturers, and academic institutes or groups, to provide method development support, chromatographic methodologies troubleshooting, and others.

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http://www.grandviewresearch.com/industry-analysis/gas-chromatography-market

Further Key Findings From the Study Suggest:

The accessories & consumables segment held lucrative market share in 2016 and is expected to grow at a significant rate over the forecast period owing to growing demand for GC accessories as they have limited durability and repetitive use
The healthcare segment is expected to be the fastest growing segment over the forecast period due to increasing applications of gas chromatography for biopharmaceutical industries such as analysis of volatile and semi-volatile compounds, and identification of amount of chemicals in drugs
North America is expected to dominate the gas chromatography market over the forecast period due to increasing Canadian government investment in the gas chromatography market coupled with growing pharmaceutical & biotechnology industries
Some of the key players in gas chromatography market are GE Healthcare; Shimadzu Corporation; Thermo Fisher Scientific, Inc.; Agilent Technologies; W. R. Grace & Co.-Conn.; Bio-Rad Laboratories, Inc.; Restek Corporation; PerkinElmer, Inc.; Danaher Corporation; and DANI Instruments S.p.A.

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Resorcinol Market Finds Application in Construction & Automobiles Industry

The global resorcinol market is expected to reach USD 580.3 million by 2025, according to a new report by Grand View Research, Inc. Strong demand from sectors such as construction and automobiles and the development of novel products is expected to benefit the market demand.

Regarding application, rubber products dominated the segment and at an anticipated CAGR of 2.8% from 2017 to 2025. Resorcinol is widely used in the tire manufacturing and as an adhesive. The chemical provides excellent adhesive properties and can be used to bind synthetic as well as metal materials. These advantages coupled with the growth of the automotive industry is expected to favor market growth over the next eight years.

Resorcinol, as well as its derivatives, have the ability to form organic compounds that possess a UV absorbing functional group. This property makes resorcinol based derivatives to be used as UV absorbers in a wide variety of application such as coatings, and paints. The rising demand for UV absorbers across the globe is expected to benefit the overall demand over the forecast period.

The chemical is used to manufacture pharmaceutical products, flame retardants, fungicidal creams & lotions, and agriculture chemicals. The broad application portfolio has benefitted the chemical demand in the recent past, and this scenario is expected to continue over the next eight years.

Major industry participants have adopted optimized manufacturing processes and dedicated refining processes to provide high-quality resorcinol. Also, companies provide different grades of the product to suit the application needs of the customers. Companies are trying to optimize their production processes to obtain a high grade of the product.

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Further key findings from the report suggest:

The global resorcinol demand was 59.0 kilo tons in 2016 and is expected to grow at a CAGR of 2.9% over the next eight years
Rubber products was the largest application segment in 2016 and is expected to be worth USD 296.4 million by 2025
Wood adhesive application segment is anticipated to grow at a forecasted CAGR of 3.0% from 2017 to 2025
Resorcinol-formaldehyde resins are used to wood binding applications to address issues such as room temperature cure, and structural integrity. The usage of the resin also imparts waterproof characteristics to the applied wood surface
Industry participants include Dynea, Sumitomo Chemical, Atul Ltd, Sigma-Aldrich, AminoChem among others.

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Global Plastic Contract Manufacturing Market is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global plastic contract manufacturing market is expected to reach USD 41.22 billion by 2025, according to a new report by Grand View Research, Inc. Consumer goods & appliances and medical are the major applications of plastic contract manufacturing worldwide. As per the World Health Organization, the global healthcare expenditure is expected to rise from USD 7,200.00 billion in 2013 to over USD 9,300.0 billion in 2018.

The rise is expected to be fueled by the global economic recovery leading to an increase in the healthcare spending. In addition, the growing need for better healthcare services for the aging population, infrastructure improvements, and technological advancements are expected to drive growth of medical devices market, thereby leading to an increase in the demand for plastic contract manufacturing.

Contract manufacturing provides three major benefits for any business which includes knowledge base, offloading of work, and cost saving. Plastic contract manufacturers work along with the customer to determine the raw material, time requirement, design specifications, and certification requirement. Manufacturers offer customization and develop products as per specific size, design, and quantity requirements. Outsourcing a certain part of the production process leads to reduced cost for end-users.

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http://www.grandviewresearch.com/industry-analysis/plastic-contract-manufacturing-market

Further key findings from the report suggest:

ABS segment is expected to witness a CAGR of 4.9% from 2017 to 2025 on account of its properties including chemical resistance, impact resistance, strength, and chemical inertness
Polyethylene accounted for a share of 17.7% in 2017 and is expected to witness considerable growth on account of high utilization in toys, milk bottles, shampoo bottles, pipes, houseware, containers, and medical device and equipment packaging
Medical segment is anticipated to witness significant growth over the forecast period on account of growing demand for medical implants, components, trays, containers, and monitoring devices
Aerospace & defense segment is expected to grow at a considerable rate over the coming years on account of stringent regulatory standards and utilization of high cost polymers for manufacturing of aerospace & defense components
High aircraft and medical device manufacturing in North America and Europe is expected to have a positive impact on the industry over the next eight years
Expansion and acquisition & mergers are the key strategies adopted by the companies in the market. In January 2017, GW Plastics expanded its San Antonio, Texas facility in order to cater to the growing medical device and automotive safety business in southwestern U.S.The facility is spread across 51,000 square feet for advanced manufacturing and external warehouse.

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Rapid Increase in Medical Marijuana Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The global medical marijuana market is expected to reach a value of USD 55.8 billion by 2025, according to a new report by Grand View Research, Inc. It has been identified that, in 2016, Washington D.C. along with 28 states have legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years.

The presence of several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act is indicators of the present demand for the drug in the market. The regulatory framework requires every individual or the company associated such as growers, retail operators, and makers of processed pot products to obtain permission and an annual state license from 2018. An increasing number of issued licenses is also among factors that is expected to drive the market especially after 2018.

The increasing interest amongst the academic researchers and healthcare providers regarding the therapeutic uses of marijuana is among the significant factors, which is driving the market over the coming years. Some of its potential therapeutic values are suppression of vomiting & nausea, pain relief, and appetite stimulation. In addition, research states that marijuana is effective in providing relief to the patient suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis. The growing number of therapeutic applications of the drug is one of the key factors that is propelling the market over the forecast period.

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Further key findings from the study suggest:

In 2015, chronic pain was the largest application segment owing to the presence of a huge patient base
The growing prevalence of chronic pain elevates the demand for the drug, thus expected to boost the medical marijuana for chronic pain management
The rapidly growing number of cannabis legalization in the U.S. is one of the key attributes for its increased demand in therapeutic and recreational uses, and thus anticipated to impel the market growth
Increasing investment in R&D & demand for cannabis in chemotherapy is expected to drive the growth in the Asia Pacific market
Some of the key players are Cara Therapeutics Inc.; CannaGrow Holdings, Inc.; Cannabis Sativa, Inc.; United Cannabis Corporation; GrowBlox Sciences, Inc.; GW Pharmaceuticals, plc; Lexaria Corp; International Consolidated Companies, Inc.

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Intensifying Business Opportunities in Medical Image Analysis Software Market

The medical image analysis software market is expected to reach USD 4.5 billion by 2024, according to a new report by Grand View Research, Inc. The clinical urgency to incorporate medical image analysis software for the diagnosis of chronic diseases is presumed to fuel the market growth throughout the forecast period. Moreover, the increased use of electronic health records to efficiently store, manage, and distribute patient health information in the form of medical images is also contributing towards the market growth. Additionally, continuous advancements in the technology, such as computer-aided diagnosis (CAD) are expected to provide potential growth opportunities for the utilization of the new and improved medical image software tools in a wide range of disease application areas including cancer and urology.

The steady demand for diagnostic and treatment procedures with greater efficiency have consequentially boosted the industry share of the medical image analysis software tools with enhanced features. Improved image quality, high resolution, and multi-modal imaging platforms are the key associated benefits driving the physician preference, thereby fuelling the market demand. Furthermore, the incorporation of the software tools facilitates sharing of medical image records among physicians to facilitate rapid and accurate treatment delivery, thus the implied demand for the medical image analysis software systems. These aforementioned factors are expected to drive the emergence of the medical image analysis software market over the forecast period.

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Further key findings from the study suggest:

On the basis of software type, the stand-alone software segment is anticipated to grow at a lucrative CAGR of over 7.5% over the forecast period due largely to the associated benefits, such as the systems with a user-friendly interface in use, which eliminates the requirement of skilled workforce to operate these systems
In terms of modality, ultrasound imaging is expected to register a lucrative growth rate of over 8.9% in the coming eight years. According to a report by NCBI, the ultrasound imaging segment can detect around 92.5% of the breast lumps. Moreover, the use of high-frequency radiation is not involved, thus ensuring patient safety; the high diagnosis efficiency and patient safety factors are anticipated to further fuel this segment’s demand.
On the basis of applications, the cardiology segment is expected to register the fastest growth owing to the rising in corporation of medical imaging systems used for the diagnosis of cardiovascular diseases (CVDs), such as Merge Cardio, which integrates digital health records from various cardiology-based modalities thus furnishing cardiologists with comprehensive patient record files with additional features, such as remote location access, along with the high prevalence rate of the CVDs synergistically accelerating the growth of this segment.
Diagnostic centers are anticipated to grow at a lucrative CAGR amongst the end-use market segment as a consequence of the increasing number of imaging diagnostic labs and the government initiatives in this direction. For example, Moldovan Ministry of Health along with International Finance Corporation are trying to attract private sector investors through public-private partnerships to set up and modernize radiology and diagnostic imaging.
As of 2015, North America dominated the regional medical image analysis software market at over 33.0%as a result of the presence of leading industry players and the supportive reimbursement policies. The rising government funding directed towards improving the imaging facility is also a prime growth driver for this regional market.
Asia Pacific is expected to be growing at the fastest CAGR of over 9.0% during the forecast period due to the rising penetration of the medical imaging systems in fast emerging economies of the Asia pacific region, such as China and India, investments in the healthcare industry, high R&D intensity by the major market players, and the presence of untapped opportunities
Some key players catering to this industry are Philips Healthcare, Siemens Healthineers, Toshiba Medical Systems Corporation, ClaroNav, Inc., GE Healthcare, Agfa Gevaert Corporation, Spacelabs Healthcare, Inc., Aquilab GmbH, MIM Software, Inc., Merge Healthcare, Inc., Carestream Health, Inc., Esaote, Inc., Bruker Corporation, and Xinapse Systems Ltd.
These market players are adopting strategies, such as technological innovation, new product development, and strategic collaborations as well as mergers & acquisitions to maximize their industry share. In August 2015, GE Healthcare received an FDA approval for its low dose Computed Tomography for lung cancer screening thereby expanding its product portfolio.

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