Market Forecast News: February 2018

Wednesday 28 February 2018

Mixed Tocopherols Market Uplift Growth of $11.94 Billion By 2025

The global mixed tocopherols market is expected to reach USD 11.94billion by 2025, according to a new report by Grand View Research, Inc. Rising vitamin E demand in food and dietary supplements owing to rising health concerns is expected to plays a significant role in promoting the industry growth over the next few years. The global market is anticipated to observe sluggish growth at a CAGR of 2.4% from 2017 to 2025.

Alpha rich tocopherols was the leading product segment and is anticipated to grow at a CAGR of 2.3%, by revenue, over the forecast period. The segment is expected to gain share over the forecast period owing to high demand in dietary supplements. Health benefits associated with vitamin E to treat deficiency and diseases such as lung, oral, colorectal and pancreatic cancer; polyps, and gastric are also anticipated to drive the mixed tocopherols market in pharmaceuticals over the forecast period.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/mixed-tocopherols-industry

Further key findings from the report suggest:

The global mixed tocopherols demand was117.8 kilo tons in 2016 and is estimated to grow at a CAGR of 3.6% from 2017 to 2025
Mixed tocopherols demand in dietary supplements was 50.9 kilo tons in 2016 and is anticipated to witness moderate growth over the next eight years
Product demand in animal feed nutrition is anticipated to emerge as the fastest growing application segment, and generate revenues worth over USD 2 billion by 2025
Mixed tocopherols industry valuation in North America is projected to reach USD 3.60 billion by 2025 and is estimated to grow as a significant rate from 2017 to 2025
The U.S. gamma rich tocopherols demand is anticipated to emerge as the fastest growing market in North America and is expected to reach total volume of over 5.6 kilo tons by 2025
The industry in Europe is projected to witness moderate growth of 2.9% from 2017 to 2025 owing to the increased use of mixed tocopherols as antioxidants and feed additives
Asia Pacific was the dominant consumer in 2016. High rate of dietary supplements, animal feed, and pharmaceuticals manufacturing in key economies including China, Japan, and India is the major factor for industry penetration.
Key industry participants such as BASF, DSM, ADM, and Cargill dominated the global mixed tocopherol market over the next few years. The major players operating in the mixed tocopherol market comprise, BTSA, Vitae Naturals, Zhejiang Medicine Co., Ltd. (ZMC), COFCO Tech Bioengineering Co., Ltd., Eisai Food & Chemical Co., Ltd., and Vance Group Ltd.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-mixed-tocopherols-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.

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Nano Metal Oxides Market Expand Their Businesses With New Investments

The global nano metal oxides (NMO) market is expected to reach USD 9,48 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to positively influenced by investments in the biomedical, personal care, and electronics sector.

Nano metal oxides are complex chemical compounds which possess the potential to be extensively in the electronics, energy, defense, and paints & coatings sector. NMO’s are manufactured from metal oxides using a different process, the most common one being the sol-gel process.

NMO’s are utilized in the production of cement, inks, plastics, and rubbers. It is also used as a catalyst and stabilizer for the chemical manufacturing industry. Pharmaceutical and diagnostic companies are continuously investing in research & development operations to introduce advanced solutions for the treatment of various diseases. Nanoparticles play a significant role in drug delivery systems and clinical diagnosis.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/nano-metal-oxide-nmo-market

Further key findings from the report suggest:

The global nano metal oxides demand was USD 4,200 million in 2016 and is projected to grow at a CAGR of 9.5% from 2017 to 2025
The silicon dioxide segment occupied the largest share in 2016 on account of its extensive use in the manufacture of glass, rubber, coatings, medical, optical, and electronic devices
The magnetic properties of iron oxide are one the prime reasons it is used as a contrast agent in magnetic resonance imaging (MRI) systems
Titanium dioxide and zinc oxide are widely used in personal care products and paints & coating
The zinc oxide segment is projected to grow at the highest CAGR over the forecast period. Nano zinc oxide absorbs and reflects UV rays and therefore is used in sunscreens
Nano gold, silver, and platinum oxides are also widely for vitro & vivo diagnostics, nutraceuticals, and in the production of biocompatible materials
The electronics &optics segment accounted for more than 35% of the overall NMO market and is anticipated to witness the highest growth rate over the coming years
Increasing disposable income and investment in technologically advanced devices is projected to boost demand for NMO’s in the electronics sector
Favorable government & private investments in the aerospace & defense industry is also expected to contribute to the demand for NMO’s over the coming years
Key players includeSigma-Aldrich Corporation, US Research Nanomaterials Inc., EPRUI Nanoparticles & Microsphere, Nanophase Technologies Corporation, and Nanoshel LLC

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Tuesday 27 February 2018

CRM Devices Market: Opening Airways and Opportunities

The global cardiac rhythm management (CRM) devices market size is anticipated to reach USD 32.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.8% CAGR during the forecast period. Increase in demand for CRM devices can be attributed to supportive legislative policies by governments in developed and developing countries. Rising incidence of cardiovascular diseases (CVDs), supportive reimbursement scenario, and major advancements in technology are also anticipated to be key factors governing market growth.

CRM devices serve as a permanent treatment option for patients suffering from arrhythmias. Innovation in Cardiac Resynchronization Therapy (CRT) devices is expected to drive this market. Additionally, there is an increase in the application of implantable cardioverter-defibrillators (ICDs) as they are now integrated with pacemakers, thus increasing the product’s life. Increase in demand for external defibrillators with growing in awareness and rising disease burden of sudden cardiac arrest (SCA) has also been observed. There is an expansion in the market for external defibrillators as governments in developed economies have been working on making countries more cardio-friendly.

According to statistics published by the Sudden Cardiac Arrest Foundation, about 6.0 million people within the U.S. region suffer from cardiac disorders, of which 0.8 million are affected by atrioventricular blockage, leading to cardiac failure. Such an alarming number leads to an increased cost of about USD 20-56 billion annually. CRM devices are being predominantly used to prevent surgical costs and readmission rates in hospitals, thereby propelling market growth.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/cardiac-rhythm-management-devices-industry

Further key findings from the study suggest:

Defibrillators held a lucrative share in 2016 and are also likely to grow at a profitable rate over the forecast period due to increase in prevalence of CVDs. These devices are normally used as continuous monitoring devices for arrhythmias
North America accounted for more than 35.0% of the overall market in 2016. This can be attributed to increasing incidence of cardiovascular diseases, supportive government policies, favorable reimbursement schemes available to patients, growing awareness, and rise in training programs
Asia Pacific was observed to be the fastest growing market for CRM devices with a CAGR nearly 9.0%. This is owing to increasing awareness and accessibility of CRM devices
Some of the key players operating in this space are St. Jude Medical; BIOTRONIK, Inc.; Medtronic; Boston Scientific Corporation; and ZOLL Medical Corporation.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-cardiac-rhythm-management-crm-devices-market

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Technology Leader Driving Microelectronic Medical Implants Innovations

The global microelectronic medical implants market size is anticipated to reach USD 57.12 billion by 2025, according to a new report by Grand View Research, Inc., registering a 9.8% CAGR during the forecast period. Increasing prevalence of cardiac disorders, epilepsy, and Parkinson’s disease, growing regulatory approvals for new devices and equipment, rising geriatric population, and introduction of new products are key factors driving market growth.

Regulatory authorities such as U.S. FDA have approved several new products and devices to be used by end users, most of which are equipped with new and innovative technologies that cater to varied consumer demands. These technologies also increase the ease of use of these products. For instance, in July 2017, Cochlear Ltd. introduced to the market a cochlear implant sound processor for iPhone. The U.S. FDA approved this innovation in June 2017.

Increasing prevalence of diseases such as epilepsy, cardiac disorders, and Parkinson’s disease have upped the sales of microelectronic electronic implants such as defibrillators, pacemakers, and neurostimulators. As per WHO, approximately 50 million people have epilepsy, globally, making it one of the most common neurological disorders. The condition can be treated using neurostimulators that prevent seizures.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/microelectronic-medical-implants-market

Further key findings from the study suggest:

By product, the pacemakers and defibrillators segment accounted for the largest share in 2016 owing to increasing prevalence of cardiovascular diseases and rising geriatric population
RF technology accounted for the largest share in 2016 as it is employed in wireless implants and helps researchers and clinicians monitor patient health, capture physiological data, and study normal and abnormal functioning of the body
North America commanded the largest share in the microelectronic medical implants market in 2016 and is expected to maintain its position over the forecast period. This is owing to favorable government policies, increasing FDA approvals for various medical devices in U.S., and high incidence of cardiac diseases
Key market players include Zimmer Biomet Holdings, Inc.; Cochlear Ltd.; Medtronic plc; Abbott Laboratories; Zoll Medical; Boston Scientific Corporation; LivaNova PLC; Biotronik; Schiller; and Koninklijke Philips N.V.

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Laparotomy Sponge: Global Market to Grow at High CAGR in Upcoming Years – 2025

The global laparotomy sponge market size is expected to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.6% during the forecast period. Rising disease burden and subsequent improvement in treatment alternatives, growing geriatric population, and mounting number of cesarean deliveries are among key trends contributing to the growth of the market. Furthermore, R&D initiatives undertaken by leading players to improve counting and detection of sponges for prevent incidences of retained surgical items (RSI) are driving the market.

Number of abdominal surgeries performed every year is increasing tremendously owing to rise in prevalence of abdominal disorders. Cesarean section and cholecystectomy (removal of gall bladder) are among the top ten most commonly performed surgeries in U.S. Growing prevalence of cancer is leading to an upswing in laparotomy procedures for biopsies, which in turn is anticipated to provide a fillip to the market.

Moreover, development of technologically advanced sponge counting and detection systems is estimated to help the market gain significant traction over the coming years. For example, in June 2007, ClearCount Medical received FDA clearance for Smart Sponge System. It was reportedly the world’s first RFID system for detection and counting of surgical towels and sponges to replace the manual counting method.

Various initiatives are being undertaken to reduce the incidence of RSI. A pediatric teaching hospital in Boston, Children’s Hospital Boston, conducted a quality improvement study for eliminating incorrect counts and count discrepancies. This study was focused on educating perioperative staff, reviewing prior count discrepancies, standardizing counting practice, and reviewing and revising the counting system for reducing RSI. This initiative resulted in reduction in RSI by 50% between 2009 and 2010.

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

Further key findings from the report suggest:

The global laparotomy sponges market size was estimated at USD 713.5 million in 2016 and is poised to expand at a CAGR of 7.6% from 2017 to 2025
The radiopaque segment will maintain dominance in the market throughout the forecast horizon. The RFID segment is projected to witness the fastest CAGR of 8.1% during the same period
Hospitals accounted for the largest revenue share of around 65.0% in 2016. This can be attributed increasing number of open abdominal surgeries performed in hospitals
Asia Pacific emerged as the most promising regional market, registering a CAGR of 8.9% during the forecast period. Rising awareness regarding laparotomy is supplementing the growth of the region
The market is highly fragmented in nature with presence of participants such as Medtronic; Derma Sciences, Inc.; Medical Action Industries, Inc.; Medline Industries, Inc.; Stryker; Premier Enterprises; ACTIMED; A Plus International, Inc.; Cardinal Health; and All Care.

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Glass Scintillator Market Outlook - World Advanced Interior Material Supply and Demand Estimates Report

The global glass scintillator market is expected to reach USD 27.86 million by 2025, according to a new report by Grand View Research, Inc. Increasing need for safety requirements in nuclear power plants is key growth factor to drive glass scintillator market growth. In addition, rising demand from North America region is further propelling the demand over the forecast period.

Lithium based glass scintillator are used for wide variety of radiation detection applications in nuclear industry. They are also being used in oil & gas industry for logging while drilling (LWD) and measurement-while-drilling (MWD), during the exploration process. The growth in exploration activity is also one of the reasons for increased demand.

In terms of revenue, oil & gas accounted as the largest application segment in 2016 and is anticipated to continue its trends with a growth rate of 3.1% over the forecast period. Increasing need for formation evaluation to enhance the productivity of drilling operations is expected to drive the market.

The demand for glass scintillators is expected to boost owing to the growth in various end-use industries in the North America region. The increased demand is driven by the growing application of glass scintillators in industries such as oil & gas exploration and nuclear power plant. The shale oil boom in the region coupled with the use of various techniques such as logging- while-drilling (LWD) and measurement-while-drilling (MWD) is an important market driver. These methods require accurate and reliable data measurement, which can be accomplished with the aid of glass scintillators. These factors together are expected to boost the glass scintillator demand over the forecast period.

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

Further key findings from the report suggest:

Nuclear power plant segment will experience the fastest growth in terms of value at a CAGR of 4.0% from 2017 to 2025 since the installation of new nuclear reactors requires continuous monitoring for neutron detection, which helps in enhancing the efficiency of the reactor. Continuous monitoring can be provided with neutron detectors by using glass scintillators, as they help in detecting fluctuations in energy pulses.
Oil & gas emerged as the largest application segment in terms of revenue in 2016 and is estimated to be valued at USD 23.58 million by 2025. The oil and gas exploration companies are always on the lookout for options to help them reduce cost along with increasing efficiencies. These goals can be achieved with the availability of accurate data, which in turn can be generated by using glass scintillators during the exploration activity.
The U.S. market in terms of revenue was valued at USD 6.36 million in 2016 and is estimated to reach USD 8.78 million by 2025. The nuclear industry in the U.S. is projected to witness substantial growth over the next eight years owing to growth in demand for energy
Key players including Saint-Gobain Ceramics & Plastics, Inc., Scintacor Ltd and GeeBee International have a prominent presence in the global glass scintillator market.

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The Importance of Practice Management Systems Market in Healthcare Industry

The global practice management systems market is expected to reach USD 17.6 billion by 2024, according to the new report by Grand View Research, Inc. Development of value added services, i.e., integration of practice management system with other healthcare IT solutions (EHR, CPOE, Laboratory Information System and others) is anticipated to propel the demand of practice management over the forecast period.

Moreover, changing dynamics of the hospital industry is expected to involve centralization and digitalization of the back end processes, thereby demanding the implementation of practice management system, which in turn in anticipated to positively impact the market growth.

The presence of a large population over 60 years globally, which has lower immunity levels and is prone to PAH and associated diseases, which is a high impact-rendering driver for the growth of the market over the forecast period.

Government initiatives to upgrade healthcare facility infrastructure, such as the ObamaCare Act in the U.S., which mandated the presence of such systems for practices to be carried out across the nation, is a vital growth factor of the market.

The key suppliers of the practice management systems include companies such as Henry Schein MicroMD; Allscripts Healthcare Solutions, Inc.; AdvantEgde Healthcare Solutions; athenahealth, Inc.; MediTouch; GE Healthcare; Practice Fusion; Greenway Medical; McKesson Corporation; Accumedic Computer Systems; and NextGen Healthcare Information System LLC

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/practice-management-systems-market

Further key findings from the report suggest:

Integrated software is gaining popularity due to the trend of centralization within the healthcare industry and the rising complexities associated with patient care and payments.
Integrated solutions comprise of a mix of EHR, e-Prescription, patient engagement, and other software along with the billing systems, whereas, standalone systems are primarily focusing on the billing & administrative function (particularly scheduling) of the organization.
Software held larger market share for the year 2015. However, services are expected to witness lucrative growth, owing to rising demand of training and assistance in installing the software and upgrade the system in-line with the escalating growth of IT technology.
Cloud-based delivery mode is expected to grow rapidly, thereby providing higher flexibility and cost-efficiency to end users. On-premises is a traditional method used for practice management. However, web-based software captured a significant share of the practice management market in 2015.
High economic development, presence of advanced research centers, hospitals, medical device manufacturers, and universities are the key factors boosting new product development and commercialization in North American region.
Few of the key players in this industry are Henry Schein MicroMD; Allscripts Healthcare Solutions, Inc.; AdvantEgde Healthcare Solutions; athenahealth, Inc.; MediTouch; GE Healthcare; Practice Fusion; Greenway Medical; McKesson Corporation; Accumedic Computer Systems; and NextGen Healthcare Information System LLC.

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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:
https://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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Recent Trends in Patient Engagement Solutions Market: Grand View Research, Inc.

The global patient engagement solutions market is expected to reach USD 39.3 billion by 2024, according to a new report by Grand View Research, Inc. The supportive government initiatives and the rising usage and awareness of mobile healthcare services are expected to impel the market growth.

The rising prevalence of chronic conditions is the preliminary factor that is expected to advance the market growth. The mortality rate of diabetic patients was over 1.0 million in 2012, as stated by the WHO. This hike in the death rate of diabetic patients reflects the lack of knowledge about the causes, symptoms, and the preventive measures of the disease. The present patient engagement systems aid in furnishing patients with educative information; thus, empowering them to make better healthcare decisions.

The patient engagement solutions cater to the hospitals in providing financial solutions for effective utilization of the allocated healthcare budget. Furthermore, the market players are actively volunteering in obtaining patient feedback regarding the existent solutions to develop better patient engagement plat forms with enhanced quality.

Moreover, the favorable government initiatives and the funding efforts undertaken to promote the incorporation of patient engagement solutions in the healthcare sector help in boosting the market growth. For instance, in the U.S., under the Health Information Technology for Economic and Clinical Health (HITECH) act, the government spends around USD 20 billion annually on hospitals for the installation of Electronic Health Records (EHRs), which is expected to help in improving the workflow and the quality of treatment delivery.

Browse Full research report on Patient Engagement Solutions Market Analysis:
https://www.grandviewresearch.com/industry-analysis/patient-engagement-solutions-market

Further key findings from the study suggest:

The web-based delivery segment is expected to be the largest delivery mode growing at a lucrative CAGR over the forecast period.
North America is expected to dominate over the forecast period with a revenue share of over 40.0% in 2024. Favourable government initiatives, such as the Affordable Care Act (ACA) initiated by President Obama and the Health Information Technology for Economic and Clinical Health (HITECH) act, are anticipated to drive the market growth.
Asia Pacific is anticipated to emerge as the fastest growing region with a CAGR of over 20.0% over the forecast period. The increasing investments in the healthcare sector, rising awareness with regard to the varying types of patient engagement portals, and the escalating geriatric population base are estimated to catapult the demand.
Some key players of the market include Allscripts Healthcare Solutions, Inc., Cerner Corporation, Phytel, Inc., Athenahealth, Inc., McKesson Corporation, and MEDecision, Inc.
In order to curtail the competition, the key industry players are actively involved in the development of new solutions that facilitate the workflow of the existing platforms. For instance, Allscripts Healthcare Solutions, Inc. provides revenue cycle management solutions, which help in maintaining the financial health of the medical systems.

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Factors Driving the Breath Analyzer Market in Coming Years

The global Breath Analyzer Market is expected to reach USD 11.3 billion by 2024, according to a new report by Grand View Research, Inc. Major drivers of the market include the demand for breath analyzers arising from the law enforcement agencies as well as other institutions, such as schools, sports, and offices, to minimize alcohol abuse and ensure safety in workplace settings.

The fuel cell technology has been widely used in professional breath analyzers as it offers accuracy, alcohol specificity, and portability. Moreover, the semiconductor sensor technology offers affordable breath alcohol screening devices that are mostly used by private consumers. Breath analyzers that use infrared spectroscopy are currently limited to the law enforcement agencies owing to their high cost and large device size.

The growing demand for quick and easy methods for the primary diagnosis of diseases, such as asthma, chronic obstructive pulmonary disease, and cancer is augmenting the growth of the global market. In addition, the rising adoption of breath analyzers in smoking cessation programs to detect carbon monoxide in the exhaled air is augmenting the market growth.

Uncertainty with regard to the accuracy of the devices, the ambiguous laws about installing these devices in offices, and the high prices attached to infrared spectroscopy are the factors that challenge the growth of the global market. Many of the drug detection devices that identify the presence of drugs in the exhaled breath are still in the developmental phase as the detection technology used will depend on the type of the drug. Hence, this poses some uncertainty for the success of these devices.

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

Further key findings from the study suggest:

In 2015, the fuel cell technology segment accounted for the largest share of the market at 31.8%. The dominance of the segment is attributed to the popularity of this technology owing to its accuracy and user-friendly product designs.
The medical application segment is expected to witness the fastest growth from 2016 to 2024 owing to the rapid development of disease diagnostics, such as breath analyzers for asthma and Chronic Obstructive Pulmonary Diseases (COPD)
North America captured the largest market share at over half of the total revenue in 2015 and is expected to maintain its dominance throughout the forecast period. The presence of a large number of major market players, strict laws for road traffic safety, and a high adoption rate of the advanced technologies are the factors driving the market growth in this region.
The Asia Pacific market is expected to grow at a lucrative CAGR of around 32% during the forecast period. The existence of a large untapped market and the growing awareness regarding the commercially available and technically advanced products are some of the major drivers of the market in the region.
The presence of a large number of local manufacturers in the Asia Pacific region offering low-cost breath analyzers in comparison to other manufacturers based in developed countries is one of the factors expected to propel the exports from this region
Some key players in the Breath Analyzer Market include Dragerwerk AG & Co. KGaA, Intoximeter, Inc., Alcovisor, Quest products, Inc., Lifeloc Technologies, Akers Biosciences, Inc., MPD, Inc., AK GlobalTech Corp., Alcohol Countermeasure Systems Corp., and EnviteC-Wismar GmbH

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Monday 26 February 2018

Local Anesthesia Drugs Market Holds Growth of $6.45 Billion By 2025

The global local anesthesia drugs market size is anticipated to reach USD 6.45 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.7% CAGR during the forecast period. Rising number of surgical procedures across the globe, including cosmetic surgeries, dental procedures, and plastic surgeries, is driving the growth of local anesthetics.

There has been a considerable increase in number of surgical procedures requiring post-operative pain relief and this trend is expected to continue throughout the forecast period. Roughly, 65.0% of total surgical procedures require post-operative pain management. This is likely to boost the demand for local anesthesia drugs.

Introduction of new and effective drugs such as levobupivacaine, articaine, and ropivacaine is also driving the growth of the local anesthesia drugs market across the globe. Rising healthcare expenditure in developing countries is expected to result in an increase in number of surgeries performed in countries such as India, China, and Brazil. This is likely to contribute to market growth in the region.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/local-anesthesia-drugs-market

Further key findings from the study suggest:

Lidocaine dominated the market by product as of 2016 owing to its extensive use as topical and injectable anesthetic
By application, the market is bifurcated into injectable and surface anesthetic. The injectable segment is expected to dominate the local anesthesia drugs market during the forecast period owing to extensive usage in different surgical procedures. Advancements in drug delivery systems is expected to drive the market for surface anesthetics over the forecast period
North America held the largest share in the market for local anesthesia drugs owing to significant number of surgical procedures performed in the region
Some of the key players are Aspen Pharmacare; Fresenius Kabi; Novartis, Inc.; Sagent Pharmaceutical; Pacira Pharmaceutical; Mylan; and Teva Pharmaceuticals.

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Premium Insights on Structural Core Materials Market 2025 with Regional Analysis and Key Industry Trends

The global structural core materials market size is expected to reach USD 2.80 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.9% during the forecast period. As the wind energy sector continues to flourish, structural core materials are anticipated to rake in a healthy share in the revenue pie. Rising consumer disposable income of people in countries such as U.S., India, and China is leading to expansion of the aerospace and automotive industries, thereby boosting the need for structural core materials for parts and components manufacturing.

In terms of revenue, aerospace was the largest end-use segment, accounting for about 38.0% of the global market in 2016. In the field of aircraft and helicopter engineering, sandwich structures are the preferred choice for lightweight yet high-strength designs. High temperature resistance of cores has further facilitated the demand for these products.

Booming aerospace and construction industries worldwide are unfolding several growth opportunities for the structural core materials market. However, prices of raw materials used for manufacturing could play a crucial role in overall production cost in the future.

DIAB International AB, a major player in the market, tripled its production capacity of advanced foam cores to meet increasing demand from the aerospace industry worldwide. A few companies acquired and merged with each other to enhance their product offerings and expand their global reach. For instance, Gurit Holding AG acquired BASF’s PET structural foam business with the intention of strengthening Gurit’s range of structural core material products. Such strategic initiatives reflect the intensifying competition in the structural core materials market.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/structural-core-materials-market

Further key findings from the report suggest:

The wind energy end-use segment is slated to experience the fastest growth in terms of revenue, progressing at a CAGR of 8.4% from 2017 to 2025. The growth of the segment can be attributed to increasing number of wind farms in emerging economies
Carbon FRP emerged as the largest skin type segment in terms of revenue in 2016 and is projected to value more than USD 1.15 billion by 2025. The segment is poised to experience steady growth over the forecast period owing to superior properties offered by carbon fiber-based materials in lightweight and high-strength construction
The Asia Pacific region is likely to register the highest CAGR over the forecast years owing to rapid growth of the aerospace, automotive, and wind energy industries in the region, most notably in India and China. In terms of revenue, the regional market is expected to post a CAGR of 7.6% from 2017 to 2025
Players such as Rockwell Collins, Inc.; DIAB International AB; Evonik Industries; Gurit Holding AG; Schweiter Technologies; Hexcel Corporation; and The Gill Corporation dominated the global structure core materials market.

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Rising Ophthalmic Disorders to Drive Ophthalmic Lasers Market Growth by 2025

The global ophthalmic lasers market is anticipated to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc. Ophthalmic disorders are rising significantly on a global level. This rise in the prevalence rate has led to high growth of ophthalmic lasers market.

According to American Academy of Ophthalmology 2014 statistics, nearly 4.2 million people in the U.S. are visually impaired. Huge number of people suffering from visual impairment are likely to heighten the demand for ophthalmic lasers in the coming years.

Vision loss is a serious problem among people suffering from glaucoma, cataract, age-related macular degeneration (AMD), and diabetic retinopathy. This commonly occurs among the geriatric population. American Academy of Ophthalmology stated that, around 1.3 million U.S. population are blind. Hence, in order to minimize such huge rate of vision loss, there is a high need for the application of ophthalmic laser technology.

Geriatric population are the primary target for the market. Majority of the chronic ophthalmic disorders, for instance, cataract and AMD occur among this group of population. However, refractive errors are also very common among the young people. Thus, growing number of victims of chronic eye diseases has led to an expected growth of the market.

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Further key findings from the study suggest:

In 2016, femtosecond lasers dominated the market due to rising prevalence of refractive errors among both geriatric and young population
Amongst the application segment, refractive error corrections held the largest market share in 2016 due to large number of surgeries conducted for refractive errors
Cataract removal is anticipated to show lucrative growth over the forecast period owing to the rising prevalence of cataract removal surgeries among the geriatric people
In 2016, hospitals contributed towards the largest revenue share owing to the emergence of large number of hospitals in developing economies
North America dominated the market in 2016 due to rising prevalence of ophthalmic disorders in this region
Asia Pacific is expected to show lucrative growth over the forecast period owing to the increase in awareness levels among people in developing countries about various treatments for chronic eye disorders
Few major companies include Carl Zeiss Meditec AG, Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Ellex Medical Lasers Limited, Lumenis, and Bausch & Lomb Incorporated.

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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.

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Protein Ingredients Market: Opening Airways and Opportunities

The global protein ingredients market is expected to reach USD 48.77 billion by 2025, according to a new report by Grand View Research, Inc. The industry is driven by the growing use of these products in novel applications and technological advancements. In addition, increasing market acceptance, especially in dietary supplements and functional foods, is expected to drive product demand over the next nine years.

Rapid growth in the food & beverage industry, primarily in Asia Pacific countries including India, China, Malaysia and Indonesia, is anticipated to boost demand for plant & animal proteins over the projected period. Growing domestic demand for foods & beverages in emerging countries of BRICS is anticipated to have a positive impact on the global food & beverage industry, thereby driving the product demand.

In terms of revenue, animal type was the largest segment, accounting for 72.3% of the global industry share in 2016. One of the key drivers for the growth of the animal protein ingredient sector is the strong scientific evidence supporting health benefits of these products. Ongoing research conducted by scientists has proved that protein ingredients are the best source to maintain fitness of the body. Whey proteins are reportedly seen to be beneficial for cancer patients as well.

Consumers’ belief in the health benefits associated with these products has been the key driver for this industry over the past few years and the trend is anticipated to continue over the forecast period. Furthermore, food manufacturers are responding to this demand with a wide range of reformulated and new products. Major companies, including Archer Daniel Midland and Cargill, continually invest in R&D with an aim of introducing new products in this market.

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https://www.grandviewresearch.com/industry-analysis/protein-ingredients-market

Further key findings from the report suggest:

Personal care & cosmetics application segment will experience the fastest growth in terms of revenue, growing at a CAGR of 7.8% from 2017 to 2025 on account of growing use of these products in various cosmetic products.
Animal proteins emerged as the largest type segment in terms of revenue in 2016 and is estimated to reach USD 35.9 billion by 2025, and is anticipated to experience a steady growth over the years ahead.
The Asia Pacific region is projected to witness high growth over the next eight years owing to robust growth in the personal care & cosmetics and food & beverage industries, especially in the countries of India and China. In terms of revenue, the regional market is expected to grow at a CAGR of 8.6% from 2017 to 2025.
Key players, including DuPont, ADM Inc., Cargill Inc., Bunge Limited, and CHS Inc., dominated the global industry.

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Sunday 25 February 2018

Rapid Increase in Vaccine Contract Manufacturing Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The global vaccine contract manufacturing market size is expected to reach USD 4.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a 9.3% CAGR during the forecast period. The market is anticipated to witness significant growth over the coming years thanks to rising demand for vaccine development from the private sector as well as governments in industrialized and developing countries.

Vaccine contract services offer cost-saving benefits to their clients. They also help save time in operations and management of a production and research facility. These advantages associated with Contract Manufacturing Organizations (CMOs) are expected to benefit emerging players, start-ups, and small players who lack adequate facilities and resources required for vaccine development.

Increase in pricing pressure, regulatory challenges, and patent expiration in recent times are expected to adversely impact the market. Contract services are considered “strategic competitive weapons” among vaccine manufacturers as they help overcome the aforementioned issues.

A number of international healthcare organizations are engaged in estimating and predicting the quantity of goods as well as financial need required for conducting immunization programs. Some of the factors considered for this estimation are quantity of vaccines, estimated time of delivery, product type, and vial size. Participation of international healthcare organizations in vaccination programs is expected to positively influence the growth of contract manufacturers.

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https://www.grandviewresearch.com/industry-analysis/vaccine-contract-manufacturing-market

Further key findings from the report suggest:

Contract services for development of attenuated vaccines accounted for the major share in the market based on vaccine type. This can be attributed to the fact that these vaccines offer immunity for a lifetime with only one or two doses
DNA vaccines form the fastest-growing segment by type, with several kinds already being tested on humans
Based on workflow, downstream processing dominated the market mainly due to the necessity of mature and reliable biotechnology tools for product recovery. Various research initiatives in the space are also contributing in advancing downstream workflows
By application, contract services for the development of human-use vaccines held the largest share owing to their high adoption to develop vaccines against influenza and other illnesses
Lonza; IDT Biologika GmbH; FUJIFILM Diosynth Biotechnologies U.S.A., Inc.; and Merck KGaA are some of the major players offering services for vaccine development.

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Smart Office: One of the Booming & High Growth Market in Emerging Technology Industry

The global smart office market size is expected to reach USD 57.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 13.2% over the forecast period. Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market.

Growing adoption of Internet of Things (IoT) is estimated to stoke the growth of the market as IoT enables inter-networking of physical devices through actuators, sensors, network connectivity, and software. Employers are able to improve employee productivity while increasing flexibility of work environment with better connectivity. However, concerns associated with privacy and malicious attacks are poised to inhibit the growth of the market.

Energy management systems (EMS) offer advantages such as measuring energy efficiency improvements, analyzing energy data for better decision-making, and optimization of energy consumption. Audio-video conferencing systems help reduce travelling time and costs by providing a platform to share and collaborate ideas from remote locations. Surging demand for these hardware systems is projected to provide a fillip to the overall market.

Rising popularity of smart office technology is motivating manufacturers to invest in research and development activities for creating cost-effective, reliable, and improved products. Manufacturers are pouring substantial funds into development of new products for providing better user experience, which is expected to trigger the growth of the market.

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https://www.grandviewresearch.com/industry-analysis/smart-office-market

Further key findings from the study suggest:

Smart office technology enhances experience of employees in terms of integration, intelligence, and intuitiveness
By component, the service segment is likely to post the highest CAGR of 15.0% over the forecast period
The retrofit segment dominated the market in 2016, with a valuation of USD 14.30 billion. The segment will retain its lead position through 2025
The North American region accounted for the largest share of just over 55 % in 2016
Key industry participants include ABB Ltd. (Switzerland); Honeywell International, Inc. (U.S.); Johnson Controls (U.S.); Schneider Electric (France); and Siemens AG (Germany).

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CNC Machines Market Holds Growth of $100.9 Billion by 2025

The global CNC machines market size is anticipated to reach USD 100.9 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 6.8% over the forecast period. Increasing need for reducing operating costs, manpower, and errors in components is likely to stoke the growth of the market.

Technological advancements are driving the use of CNC machines in development of highly intricate models/components with a definitive finish. This has subsequently led to a rise in implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. Integration of CNC machines with computer-aided manufacturing (CAM) helps in reducing the time required for manufacturing of work pieces and enables hassle-free production of components.

Commercial demand for advanced, compact-sized CNC machines with automatic tool changers and multi axis machining technology is on a rise. Several large manufacturing units and plants are increasingly adopting CNC lathes to perform operations such as cutting, drilling, knurling, deformation, facing, and turning operations.

Various milling tools such as Poly Crystalline Diamond (PCD) tools and solid carbide tools are being introduced in the market. These tools offer increased efficiency and versatility while performing operations at the shop floor. These new tools also offer durability, resistance toward high temperatures, and enable better machining with reduction in vibrations, wear, and noise.

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Further key findings from the study suggest:

The global CNC machines market is anticipated to expand at a CAGR of 6.8% over the forecast period, owing to reduction in cycle time, reduced wastage, and increased efficiency
The lathe machines segment held the leading share of over 27% in 2016. The growth of the segment can be attributed to availability of 5-axis operation machinery that increases flexibility, reduces operation time, and avoids collision
The milling machines segment is estimated to post the highest CAGR of 9.5% during the forecast period, owing to features such as multi-functionality and reduced time requirement
The industrial segment is poised to dominate the market until 2025 and reach a valuation of USD 25.17 billion
The Asia Pacific region is projected to witness significant growth over the forecast period, owing to increasing number of manufacturing units
Key participants in the market are Amada Co., Ltd.; DMTG Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki Mazak Corporation, among several others.

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Thursday 22 February 2018

Factors Driving the Nephrology And Urology Devices Market in Coming Years

The global nephrology and urology devices market is expected to reach USD 31.3 billion by 2024, according to a new study by Grand View Research, Inc. The market is driven by technological advancements that are anticipated to serve the market with future growth opportunities. These advancements include inclusion of stem cells, wearable artificial kidneys, combined use of ion-sensitive sensors & electrodes, living membranes, shockwave, and laser lithotripsy.

These technologies serve as efficient methods of renal care, which are capable of improving overall patient health and quality of life. In addition, improved uremic toxin and fluid removal, relatively less hypotension episodes, better control of blood pressure, overall improvement in mineral metabolism, better survival rate, and reduction in hospitalization rates & costs. In addition, these advancements also have a substantial impact on patient’s quality of life through increased volume of dialysate, ultrafiltration capacity, and higher solute clearance.

The unprecedented adoption of unhealthy lifestyle has exerted a major impact on the market, leading to high prevalence of chronic diseases, such as cancer and diabetes, which serve as a contributing factor toward developing kidney and urinary diseases. Moreover, the widening of geriatric population base, which is highly susceptible to developing the aforementioned chronic diseases is expected to impel the demand for highly efficient devices.

Furthermore, increasing geographical presence of major market players is expected to raise the levels of awareness pertaining to advanced technologies available for treatment in emerging economies, thus impelling the market growth throughout the forecast period. In addition, increasing participation in research studies to further improve these devices is expected to propel high scale growth for this market during the forecast period.

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https://www.grandviewresearch.com/industry-analysis/nephrology-urology-devices-market

Further Key Findings from the Study Suggest:

The dialysis devices in the product segment held a dominant share in 2015. This is a consequence of the high clinical urgency to curb the unprecedented growth in renal failure globally. Moreover, easy availability and presence of a wide-scale portfolio in the global market is facilitating a higher penetration of dialysis devices, thus resulting in a higher share
In 2015, Europe dominated the overall nephrology and urology devices market with a share of over 40.0%. The increasing number of product approvals by healthcare organizations and presence of large patient volume requiring dialysis across this region are anticipated to be a contributing factor toward substantial share
Asia Pacific is anticipated to witness at a lucrative CAGR of over 7.0% during the forecast period. This can be attributed to rising per capita healthcare spending and increasing availability of minimally invasive devices & awareness pertaining to the, amongst patient base present across the region
The dominant players are indulging into collaborative strategies and new product development in order to capture a larger share of the market. The increasing number of mergers & acquisitions are believed to strengthen the competitive scenario of nephrology and urology market
For instance, in September 2013, Baxter International, Inc. acquired Gambro AB, a dialysis products manufacturer, to facilitate expansion and enhancement of renal therapy product portfolio, in order to gain a competitive advantage over other players

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Molecular Weight Marker Market Size to Reach $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.

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https://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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Microbiome Therapeutics Market Is Projected To Reach USD 433.5 Million By 2025

The microbiome therapeutics market is expected to reach USD 433.5 million by 2025, based on a new study by Grand View Research, Inc. Increasing funding initiatives and government programs to support this research are high impact rendering drivers anticipated to foster market growth.

The launch of Human Microbiome Project by NHS in Europe and the Microbiome Initiative by the U.S. government are some of the crucial government initiatives pertaining to market growth. The U.S. government has announced to have invested over USD 121 million in the Microbiome Initiative with additional USD 100 million from the Bill and Melinda Gates Foundation.

Presence of strong drug pipeline can also be attributed to the highly lucrative growth. Key players are entering into collaborative agreements with venture capital firms and research institutes for enhancing therapeutics pipeline through development of efficient and safe drugs. Some of the companies that recently formed collaborative agreements are Seventure Partners & ENTEROME Bioscience; Vedanta Biosciences & Johnson & Johnson Pvt. Ltd.; and Seventure Partners & Eligo Bioscience.

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https://www.grandviewresearch.com/industry-analysis/microbiome-therapeutics-market

Further Key Findings from the Study Suggest:

Fecal Microbial Transplant (FMT) held the largest market share in 2015 owing to easier availability and introduction of FMT capsules by Open Biome
Introduction of RBX2660, a phase 3 molecule, during the end of 2018 will result in substantial increase in revenue of FMT
No commercial microbiome drugs are currently available with FMT being the only therapy for treatment. Drugs are estimated to hit the market by fourth quarter of 2017.
It is estimated that the drugs segment would witness the fastest growth owing to the presence of blockbuster drugs, such as, NM504, SER-109, RP-G28, and SGM-1019, in the pipeline
C. difficile dominated the application segment in 2015 with Crohn’s disease leading the market CAGR over the forecast period
North America held the largest share in 2015, owing to presence of major companies & established healthcare infrastructure and high amount of research activities
Asia Pacific is anticipated to witness significant growth with increasing acceptance of FMT in developing countries, such as India and China
Some of the key companies are MicroBiome Therapeutics, LLC; Seres Therapeutics; ENTEROME Bioscience; MaaT Pharma; Rebiotix, Inc.; Ritter Pharmaceuticals; Second Genome, Inc.; and OpenBiome
High investment on research and development of new drugs and investigation of available drugs for more untapped applications are the main strategies undertaken by the key players

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Analysts Predict Lightning Growth for Global Thermal Spray Coatings Market

The global thermal spray coatings market size is expected to reach USD 14.99 billion by 2025, according to a new report by Grand View Research, Inc. Increasing application scope, owing to advantages such as wear and corrosion protection, low toxic gas emissions, thickness capability and electrical resistance is expected to fuel thermal spray coating market growth. Key applications include aerospace precision parts, automotive, medical instruments and industrial gas turbines. Use of these coating for biomedical and medical instruments to improve wear resistance and boost biocompatibility of prosthetics and dental implants is expected to augment growth.

Rising application scope of gas turbines in ships, locomotives, tanks, helicopters and motorcycles is expected to augment thermal spray coating market over the forecast period. Polymer and metal thermal spray coatings are employed in powdered form for industrial gas turbines blades on account of properties such as high temperature corrosion resistance.

In terms of revenue, ceramics was the largest application segment for the product market, accounting for 30.1% of the global market in 2016. Ceramics are primarily employed in biomedical industry. HVOF technology is used to spray these products on to substrates which are further used in the medical sector for the manufacturing of dental implants. Expansion of this sector is expected to have a positive impact on growth over the next seven years.

The global product market is expected to witness substantial growth over the forecast period owing to its widespread use in aerospace and automotive industries. Growing demand for corrosion resistant coatings particularly in these two sectors is expected to be a key driver for market growth. Increasing application scope in engineering coating, wear resistant coating, automotive & aerospace, biomedical, food processing, electronics, semiconductors and energy are further expected to promote demand.

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https://www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market

Further key findings from the report suggest:

The global thermal spray coatings market was valued at USD 8.38 billion in 2016 and is expected to grow on account of the increasing demand from the automotive sector.
Medical application segment will experience the fastest growth in terms of revenue, growing at a CAGR of 7.8% from 2017 to 2025 on account of the growing demand for better health care facilities coupled with rising number of hospitals
Ceramics emerged as the largest product segment in terms of revenue in 2016 and is estimated to reach USD 4.6 billion by 2025 and is anticipated to experience a steady growth over the years ahead.
The industry in Asia Pacific is projected to witness substantial growth over the next eight years owing to robust growth in the medical, oil & gas and automotive industry, especially in the countries of India and China. In terms of revenue, the regional market is expected to grow at a CAGR of 7.9% from 2017 to 2025.
Key players including Praxair Surface Technologies, Air Products & Chemicals, Cincinnati Thermal Spray, Inc., and TWI Ltd., dominated the global product market.

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Wednesday 21 February 2018

Industrial Microwave Heating Equipment Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global industrial microwave heating equipment market size is expected to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% during the forecast period. Increasing adoption of magnetrons and RF solid state amplifiers in various end-use industries such as food, paper, plastic, and wood and derivatives is anticipated to positively affect market growth. These high-efficiency products are poised to witness significant rise in demand in the coming years owing to their long operating life, low maintenance requirements, and low power consumption.

Surging demand for RF solid state amplifiers is estimated to drive the overall market. They are likely to replace magnetrons over the forecast period due to benefits they offer, such as enhanced operating life, high precision output power control, frequency tuning, and fast frequency hopping. Moreover, the product has undergone several technological advancements over the past few years, which has led to its increased demand.

The industrial microwave heating equipment market is projected to witness remarkable growth over the forecast period owing to rising adoption of the equipment in varied applications across different end-use industries. Some of the applications include drying coated paper and/or synthetic paper, drying chemicals and pigments, puffing and vacuum drying, and rubber curing and tire pre-heating.

Furthermore, growing government regulations pertaining to safe usage of industrial microwave heating equipment continue to be one of the key growth stimulators for the market. Governments have established standards for maximum permissible emissions as well as equipment design and operation. For instance, the Federal Communications Commission (FCC) has assigned frequencies for microwave food processing.

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https://www.grandviewresearch.com/industry-analysis/industrial-microwave-heating-equipment-market

Further key findings from the study suggest:

•The industrial microwave heating equipment market was valued at USD 890.2 million in 2016 and is expected to post a CAGR of 5.6% over the forecast period, owing to growing adoption of RF solid state amplifiers in various end-use industries

•The RF solid state amplifiers segment is anticipated to the rise at a phenomenal CAGR of 13.0% during the forecast period, owing to factors such as increased operating life, high-precision output power control, low maintenance, and fast frequency tuning and hopping

•Magnetrons and RF solid state amplifiers are widely adopted in the food industry, owing to their usage in diverse applications including cooking and foaming, drying and sterilizing, and tempering and blanching. The industry will be the fastest growing end-use segment, registering a CAGR of 6.9% during the forecast period

•Europe represented the leading market share of approximately 34.0% in 2016 and is estimated to witness substantial growth over the forecast period, owing to rising industrialization and stringent government regulations

•Key players such as Communications & Power Industries LLC, L3 Electron Devices, Muegge GmbH, Richardson Electronics, Ltd., and Toshiba Hokuto Electronics Corporation dominated the market in 2016 and focus on strengthening their presence through mergers and acquisitions.

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