Market Forecast News: November 2018

Thursday 29 November 2018

Rising Prevalence of Infectious Diseases to Drive Vaccine Delivery Devices Market Growth

San Francisco, 30 Nov 2018: The global vaccine delivery devices market is expected to reach USD 6.21 billion by 2025, according to a new report by Grand View Research, Inc. The market is primarily driven by growing immunization programs, financial support from government & nongovernment organizations, increasing vaccination initiatives & campaigns, and rising prevalence of infectious diseases globally. Growing research in the field of vaccines and development of new products is also contributing to the growth of the market.

Adoption of needle-free approach for administering these products is gaining momentum due to growing awareness and demand to avoid pain & injuries associated with the use of a needle stick. Data by the Centers for Disease Control and Prevention states that an estimated 385,000 sharp injuries including needle stick injuries occur every year in hospitals in the U.S. Advancing technologies in administering vaccines and their increasing adoption is propelling market growth. Rising interest of various key players, national institutions, and organizations in novel delivery technologies is expected to further contribute to market growth.

Various governments and international organizations are increasingly investing in the development of vaccination programs. For instance, the UK government also announced funding up to £1 million from its Global Challenges Research Fund through Medical Research Council to investigate the Zika virus and its transmission. Organizations such as GAVI Alliance, Bill & Melinda Gates Foundation, Path, and WHO are actively involved in the field of vaccines. Many governments are also undertaking several immunization programs on priority.

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www.grandviewresearch.com/industry-analysis/vaccine-delivery-devices-market

Further key findings from the report suggest:

The syringes segment held majority of the revenue share in 2016 due to increasing vaccination programs, spreading immunization coverage, and technological advancements
Jet injectors is expected to register highest growth during the forecast period owing to rising concerns regarding needle stick injuries and growing preference for needle-free technologies
Intramuscular vaccination dominated the route of administration segment in 2016 as majority of vaccines are given through this route owing to its advantages
North America dominated the global market owing to increasing awareness levels, high adoption of technology, and rising prevalence of infectious diseases
Some of the key players include Becton Dickinson & Company, Bioject Medical Technologies, Inc. (Inovio Pharmaceutical Inc.); Gerresheimer AG; PharmaJet; Corium International, Inc.; and SCHOTT AG

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-vaccine-delivery-devices-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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Wood & Laminate Flooring Market: Opening Airways and Opportunities

San Francisco, 30 Nov 2018: The global Wood And Laminate Flooring market is expected to reach USD 92.64 billion by 2020, according to a new study by Grand View Research, Inc. Technological advancements have led to the development of new innovative products and do-it-yourself (DIY) installation techniques, which has substantially widened the scope across residential as well as commercial flooring applications. Increasing demand in the new construction and home improvement sectors is expected to be the key driving force for the wood & laminate flooring market over the forecast period.

Raw material costs have had a significant impact on the wood & laminate flooring industry. The volatile prices of wood and other raw materials and the increasing costs of production are expected to challenge wood & laminate flooring industry growth over the forecast period. Stringent laws and regulations against deforestation by governments across the globe and the consequent need of imports of raw materials have shrunk manufacturers’ profits to a large extent. Increasing concern over environmental impact has considerably affected the wood & laminate flooring market.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/wood-and-laminate-flooring-market

Further key findings from the study suggest:

Engineered wooden floors have gained prominence over the last few years owing to favorable characteristics such as cost-effectiveness, exclusiveness, and dimensional stability. Solid wood constitutes a significant market share owing to its moderate price, albeit installation and finishing considerably increase the total time and cost requirements. Although a vast majority of the market is comprised of hardwood species, softwood flooring is used in niche applications.
Wood & laminate flooring is primarily preferred in residential applications with residential replacement generating significant demand. Residential new construction and commercial sectors such as retail have increasingly adopted wood & laminate flooring solutions. Owing to their ability to sustain high traffic, laminate flooring has witnessed a surge in demand from commercial sectors.
Increased demand from the BRIC countries (Brazil, Russia, India, and China) is expected to open up new avenues for wood & laminate flooring market growth over the forecast period. Changing lifestyles coupled with increasing construction activity in Asia Pacific are expected to propel market growth in the region. Wood flooring demand in regions experiencing perennially cold climatic regions such as the U.S. and majority of the European countries is expected to be augmented as wood helps to maintain warmth.
Key wood & laminate flooring market players include Shaw Industries, Pergo, Mohawk Industries, Millstead, Mannington Mills, Interface, Bruce, and Armstrong. Emerging market players have innovated to make their presence felt in the industry. Some of the recent trends include Smith & Fong Corporation’s side-ways flooring and Columbia Forest Products’ & Teragren’s PureBond technology flooring.

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Healthcare Cognitive Computing Market Is Anticipated To Reach $5.0 Billion By 2022 | Industry Key Players Microsoft, Palantir

San Francisco, 20 Sep 2018: Global healthcare cognitive computing market is expected to reach nearly USD 5,064.8 million by 2022, according to a new report by Grand View Research, Inc. Key factors attributing to the market growth are rapid growth in the scientific database, demand for personalized healthcare, and the need to reduce healthcare expenditure levels. Increasing geriatric population is a major factor increasing the prevalence rate of several diseases.

Information technology and big data analytics penetration in the healthcare industry is presently very less, and to tackle the increasing healthcare expenditure and improve customer experience, many manufacturers and research organizations are actively collaborating with technology firms to improve their products and services.

In 2015, big healthcare firms such as Johnson and Johnson (J&J) and Medtronic have partnered with IBM to utilize its cognitive computing platform Watson. J&J plans to utilize Watson to create a personal concierge service which can be used to prepare patients for knee surgery. Medtronic will use Watson to develop an internet of things (IOT) platform around its medical devices to collect data from patient’s personal use to understand product performance and patient response.

Furthermore, Apple has also invested significantly in the Watson platform to develop an IOS vendor ecosystem for its HealthKIT and ReasearchKit tool systems. These vendors would develop apps and other systems for personal health data collection, and utilizing the data for clinical trials and other healthcare applications.

In 2014, the natural language processing technology market accounted for the largest share at 46.5%, due to its ability to learn natural language key words, and different languages, thereby enabling easy user interface. Additionally, platforms such as IBM Watson are enabling the new startups to collaborate and develop new mobile and cloud applications. However, automated reasoning is expected to be the fastest growing with a over the forecast period, owing to its ability to apply logical reasoning and solve complex problems.

To request a sample copy or view summary of this report, click the link below:
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Further key findings from the study suggest:

North America dominated the overall market with a share of nearly 52%. Key reasons attributing to region's market position include collaboration between information technology firms and healthcare firms and research centers. The convergence of these two industries is leading to reduction in the overall healthcare expenditure, in solving complex medical problems and drug discovery.
Asia Pacific is identified as the fastest growing market. This region is expected to witness high public and private investment in the healthcare sector to cater to the unmet medical needs. Owing to the advent of digital healthcare services; the providers in this region are supporting the use of advanced analytical tools to simplify the DNA analysis, patient history and other records as a part of personalized healthcare services.
Key players operating in the market include Google, IBM, Apple, PTC, Palantir, Microsoft and others. These companies have invested heavily in the natural language processing and machine learning platforms to develop new products catering to the healthcare industry. Additionally, new startups working on these platforms are expected to intensify competition and eventually lead to market consolidation.

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Surgical Instrument Tracking Systems Market Worth $ 442.9 Million by 2025 | Getinge Group, Haldor Advanced Technologies. Ltd

San Francisco, 30 Nov 2018: The global surgical instrument tracking systems market is expected to reach a value of USD 442.9 million by 2025, according to a new report by Grand View Research, Inc. Increasing incidence of surgical instruments being left behind after surgery is the most significant factor anticipated to boost the market growth during the forecast period. Annually in the U.S, around 4,500 to 6,000 surgical instruments are left in the surgical sites, which results in the need of additional surgery for removal of retained devices from the body. This in turn results in the need for operating instrument tracking products.

Rising adoption of medical devices and instrument tracking products by private and public hospitals is another major factor contributing to the growth of the market. The inventory management and tracing of medical devices and instruments during work cycle, such as during sterilization procedures, surgery, and post-surgery, is a major problem faced by the hospitals. Thus, the need of medical devices and instrument tracking systems is growing at high rate, which is expected to propel the growth of the sector.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/surgical-instrument-tracking-systems-market

Further key findings from the study suggest:

As a result of low installation cost and ease of handling, barcode technology was the largest grossing segment of the surgical instrument tracking systems market in 2015.
The software solutions segment was the highest revenue-generating segment in 2015, owing to increasing technological advancement in software solutions.
In 2015, hospitals segment held the largest revenue share in the market, owing to the increasing adoption of track-and-trace for inventory management and surgical instruments tracing to provide better patient safety.
North America held the largest share of the surgical instrument tracking systems market in the year 2015. This region is expected to uphold its dominance during the forecast period.
Highly developed healthcare infrastructure and availability of advanced products is anticipated to drive the demand for medical device and instruments tracking products in North America during the forecast period
Some of the key players include Censis Technologies, Inc.; Materials Management Microsystems, Inc.; Haldor Advanced Technologies. Ltd.; Xerafy; B. Braun Melsungen AG; Getinge Group; and Becton, Dickinson and Company

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Structural Foam Market Trends - Increasing Infrastructure Spending

San Francisco, 30 Nov 2018: The global structural foam market is expected to reach USD 42.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 5.8% CAGR owing to Increasing infrastructure spending, particularly on residential & commercial buildings, has been a key factor driving the market growth. Moreover, the rising demand from material handling, automobile, and electrical & electronics, is also likely to contribute to the product demand over the forecast period.

Increasing construction spending, particularly in emerging markets of Brazil, China, India, Mexico, Russia, and South Africa is expected to drive injection molded structural foam demand in these regions. Besides, positive outlook of the global automotive and packaging industries coupled with versatile properties of structural foams including better heat and pressure resistance increases their application scope in various industries.

However, volatility in prices of essential raw materials along with the growing environmental issues concerning their disposal is anticipated to hamper the market growth during the forecast period. On account of these concerns, many of the industry participants are aiming to develop bio-based foams using the injection molding technique.

Key market players such as SABIC, One Plastic Group, and Covestro AG are among the companies involved in the production and distribution of the products and have established themselves as key market participants and have high integration throughout the value chain.

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

Further key findings from the report suggest:

The global structural foam demand was 4,059.0 kilo tons in 2016 and is projected to grow at a CAGR of 5.3% from 2017 to 2025
Polyethylene foam segment was the largest product segment in 2016 and is expected to generate revenue over USD 15.62 billion by 2025
Global structural foam in automotive segment was valued at USD 6.81 billion in 2016 and is projected to witness a growth at a CAGR of 6.2% over the forecast period
The U.S. structural foam market in building & construction was 518.8 kilo tons in 2016 and is likely to reach an overall volume of 851.6 tons by 2025
The market in Asia Pacific is anticipated to witness considerable growth over the next few years owing to various advances across key regions, especially in the India and China. In terms of revenue, the regional market is likely to grow at a CAGR of 6.4% from 2017 to 2025
Key market participants include Armacell International S.A., BASF, Diab International AB, The Dow Chemical Company, SABIC, One Plastic Group, Covestro AG, Evonik Industries and others.

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Indoor LBS Market Is Anticipated To Grow At A CAGR of 37.8% By 2025

San Francisco, 30 Nov 2018: The global indoor LBS market size is expected to reach USD 18.74 billion by 2025, according to a new study by Grand View Research, Inc., rising at a CAGR of 37.8% during the forecast period. Growing use of location-based services in the retail industry for marketing applications in expected to stimulate the growth of the market over the forecast period.

Industry players are increasingly striving towards providing real-time location services to customers, which is expected to stimulate market growth. Moreover, the use of 3D platforms to provide real-time information is allowing companies to improve their productivity. Indoor location-based services are also being implemented for public safety, whereby individuals can inform authorities about their location using their mobile devices.

Increasing penetration of mobile devices across various regions is expected to propel the market. Regions, such as North America and Europe, where smartphone penetration has surpassed 73.0%, are opening lucrative opportunities for companies to promote their products or services via location alerts and push messages on mobile devices. At the same time, developing regions, such as Asia Pacific, are also anticipated to fuel the demand for LBS for marketing initiatives.

Growth in location-based services is expected to benefit the retail industry. Retailers are using LBS to increase customer engagement by providing customers with information about their products and discounts whenever customers get in the vicinity of retail store. Retailers are also using LBS to gain insights on customers’ response to a particular promotional initiative and to tailor their marketing strategies accordingly.

There are several established as well as smaller players that offer location-based services. Larger enterprises focus on innovation and new product development whereas smaller companies provide deployment solutions and product services.

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

Further key findings from the study suggest:

The RFID and NFC segment is expected to emerge as the fastest growing technology segment, expanding at a CAGR of 42.1% over the forecast period. The growth of the segment can be attributed to rising prominence of wireless modes of communication
North America accounted for the largest market share in terms of revenue and is expected to reach USD 7.65 billion by 2025. Prominent players such as Microsoft Corporation and Google Inc., who hold expertise in location-based services, are based in North America
Proximity beacons are anticipated to emerge as the fastest growing product segment, exhibiting a CAGR of 42.4% over the forecast period. There are various types of beacons available, such as Bluetooth beacons, Wi-Fi beacons, and ultrasound beacons
Location-based services are expected to be largely adopted for proximity and navigation applications owing to development of smart cities. These services along with smart devices enable city authorities to provide services such as location description and route information
Key industry participants include Apple Inc.; Cisco Systems Inc.; GloPos Technologies; Google Inc.; HERE Holding Corporation; Inside Secure Corporation; IndoorAtlas Ltd; Micello, Inc.; Microsoft Corporation; Ruckus Wireless, Inc., Navizon Inc.; Qualcomm Inc.; Shopkick, Inc., YOOSE Pte. Ltd., and Sprooki Pte Ltd.

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Wednesday 28 November 2018

Geosynthetic Clay Liner Market Projected To Reach $488.2 Million By 2022

San Francisco, 29 Nov 2018: The global geosynthetic clay liner market is expected to reach USD 488.2 million by 2022, according to a new report by Grand View Research, Inc. Geosynthetic clay liners are used as lining system in construction, mining and upstream oil & gas sectors on account of providing good self sealing property and excellent chemical resistance. Rising awareness towards environmental protection in mining industry is expected to increase the expenditure on landfill treatment and containment solutions which will remain a favorable factor.

Geosynthetic clay liner market volume in landfill was estimated at over 56.5 million square meters in 2014. The product is used as a lining system in mining industry to prevent leakage of chemical constituents into groundwater and surrounding environment through providing stability on steep side slopes.

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www.grandviewresearch.com/industry-analysis/geosynthetic-clay-liner-market

Further key findings from the report suggest:

Global geosynthetic clay liners demand was 118.0 million square meters in 2014 and is expected to exceed 165.0 million square meters by 2022, growing at a CAGR of over 4% from 2015 to 2022.
Roadways & civil construction is expected to witness growth at a CAGR of 5.7% from 2015 to 2022. The product is used as a protection barrier in construction of roads, railways, commercial and other infrastructure facilities including stadiums, airports and dockyard. In November 2014, GCLs were used in Toulouse-Blagnac Airport and adjacent Airbus-France facility where the new Airbus A-380 was built. It was reported that approximately 40,000 square meter of geosynthetic clay liner was used in construction of this airport.
GCLs also find application in agriculture and aquaculture industries in light of preventing the water leakage. Positive farming industry outlook in Peru, Chile, Norway and China in light of abundance of fish species including tilapia is anticipated to increase market penetration in the near future.
Asia Pacific is expected to witness significant growth and the market is estimated to reach 59.4 million square meters by 2022. In March 2015, the government of China announced funding of USD 1.1 trillion for infrastructure development of railways and roadways which will subsequently promote the importance of geosynthetic clay liners in the near future.
Key market players include CETCO, GSE Holdings, Terrafix, HUESKER and Wall Tag. In May 2014, GSE Environmental, Inc. inaugurated a new manufacturing facility in Suzhou, China. The company will manufacture 20,000 metric tons of GSE products including geosynthetic clay liners. Increasing application of road construction along with easy raw material access in China is expected to force manufacturers to keep their production facilities in vicinity.

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Factors Driving the Smart Home Automation Market in Coming Years

San Francisco, 29 Nov 2018: The global smart home automation market is expected to reach USD 130.0 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for the convenience of remote and real-time operation of smart home automation system has increased the growth and penetration of the smart home automation. Increasing urban and geriatric population have created the need to incorporate smart home automation concept in order to address the arising challenges. Further, increase in demand of smartphones and easy accessibility of internet are expected to fuel growth in the demand for the in the coming future. The growing adoption of the automation in security, lighting, HVAC, energy management, and smart kitchen arenas is anticipated to revolutionize the market by 2025.

The market has been segmented based on varied technology of smart home automation, such as cellular, wireless, and others. Based on applications, the market has been segmented into security, lighting, entertainment, HVAC & energy management, and smart kitchen. The entertainment sector is the biggest application sector in terms of size and is expected to dominate for the forecast period owing to high demand of home theaters, touchscreens, audio/video controls, and other entertainment controls.

The growing awareness and popularity of smart home automation is encouraging manufacturers to invest in research & development for creating better products. Manufacturers are making significant investments to simultaneously develop several new products in an effort to enhance the users experience. Researchers are focusing on innovating reliable and cost-effective products.

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www.grandviewresearch.com/industry-analysis/smart-home-automation-market

Further key findings from the report suggest:

The growing demand for smart home automation can be accredited to the increasing preference among consumers for convenience, connectivity, safety, and security.
The growing penetration of Internet of Things (IoT) and the advancement of Internet accessibility which helps in the move to direct digital controls for better machine to machine (M2M) communication have encouraged users to adopt the smart home automation technology.
With the arrival of various wireless technologies such as ZigBee, Z-Wave, EnOcean, C-Bus, Wi-Fi, Bluetooth, KNX, and Thread, installation of automated systems has been simplified. Wireless technology is less invasive, have low set-up cost, and more convenient to use.
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 ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Johnson Controls (U.S.), Schneider Electric (France), and Siemens AG (Germany).

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Future Business Opportunities in Pneumatic Tire Market

San Francisco, 29 Nov 2018: The global pneumatic tire market is expected to reach USD 334.5 billion by 2022, according to a new report by Grand View Research, Inc. Increasing product use in automotive and aerospace sector on account of various advantages such as long shelf life, resistance to cuts, punctures and tears is expected to have a positive impact on the industry over the next seven years

Various factors including changing lifestyle of consumers and rising disposable income have been increasing spending on two and four-wheelers such as SUV’s, passenger and sports cars which in turn is expected to drive product’s need over the next seven years.

Increasing automotive sales in developing countries, India, China, and Indonesia is expected to propel growth over the next seven years. After China, India is projected to be the fastest-growing country as the Government has allowed 100% FDI in the automotive sector. This factor is expected to augment product demand over the forecast period.

Pneumatic tire manufacturing requires low technical complexity and high initial infrastructure investment. Technological advancements and ongoing product innovation to increase yield of raw materials and reduce cost of the manufacturing process will create immense potential over the next seven years. However, raw material availability and price volatility coupled with increasing number of substitutes will challenge growth over the next seven years.

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Further key findings from the report suggest:

Replacement sales dominated the industry with revenue estimated over USD 140.00 billion in 2014. The product is susceptible to changing temperature that results in high internal pressure. Poor road conditions, overloading of vehicles and weather conditions is expected to augment the replacement sector over the next seven years
Aircrafts is expected to be the fastest growing vehicle segment in terms of revenue at a CAGR of over 10.0% from 2014 to 2022. The AS50141B standard establishes requirements for manufacturing, testing, identification, packaging, and quality of tubes for application in commercial and military aircraft wheel assemblies. Growth of the aerospace sector particularly in U.S. is expected to have a positive impact on the industry over the next seven years.
Radial was the largest segment and was valued over USD 130.00 billion in 2014. on account of its superior characteristics including flexible side wall and strength. Numerous car manufacturers prefer using radial tires on account of its superior characteristics including longer tread life, better steering control, and lower rolling resistance. Growth of the two-wheeler sector is expected to propel product demand over the forecast period.
Asia Pacific was the largest segment estimated over USD 75.00 billion in 2014. Growing automotive production in Asia Pacific region, mainly in China, Indonesia, Japan, Malaysia and Taiwan, is expected to propel demand for in automotive sector. In 2013, the total vehicle production in China was 15 million units. This is expected to have a positive impact on the market over the next seven years.
The global pneumatic tire industry is characterized by integration through raw material supply, manufacturing stages and distribution channels. Companies such as Michelin, The Goodyear Tire and Rubber Company, Cooper Tire & Rubber Company, Bridgestone Corporation, and The Yokohama Rubber Co. Ltd. are engaged in manufacturing of raw materials, product manufacturing and distribution to various automobile manufacturers
In September 2015, Hankook Tire introduced the innovative 360-degree rotating “Ball pin tire.” To help the Ball Pin Tire achieve full potential, the company installed an advanced gyroscope and a three omni-wheel system to the vehicle.

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Surgical Retractors Market to Maintain a Healthy CAGR in Coming Years

San Francisco, 29 Nov 2018: The global surgical retractors market size is expected to reach USD 1.81 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.2% CAGR over the forecast period. The market is primarily driven by unprecedented upsurge in surgical volume over the past few years. According to data published by WHO, the global surgical volume was estimated at 312.9 million in 2012 from 226.4 million in 2004. The statistics also showed that the mean global surgical rate is approximately 4,469 surgeries per 100,000 population per year. These numbers exemplify the widening scope of surgery and adoption of retractors.

Increase in number of cesarean surgeries has fueled demand for C-section retractors. As per the American Medical Association, adoption rate of cesarean surgeries is around 19.0% globally. Technological developments, such as automation in surgical instruments, are improving minimally invasive surgeries, thus creating high growth potential for the market. For instance, advent of atraumatic laparoscopic retractors and 3D retractors has ensured greater safety during surgeries and reduced post-operative complications.

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Further key findings from the report suggest:

By type, hand-held retractors accounted for the largest share in 2017 as a result of advantages such as low cost of product handling, storage, and maintenance. Self-retaining retractors are predicted to exhibit lucrative growth owing to greater convenience associated with them
On the basis of product, orthopedic retractors held a considerable share in 2017 owing to increasing incidence of orthopedic disorders in bariatric and geriatric patients
Obstetrics and gynecology dominated the market based on application owing to upsurge in number of C-section surgeries and gynecological preventive examinations globally
In 2017, North America held a substantial market share owing to growing prevalence of chronic diseases and presence of highly advanced medical infrastructure. Adoption of technologically advanced products is also presenting high growth prospects
The market in Asia Pacific is anticipated to witness significant growth owing to improving healthcare systems, rising healthcare expenditure, and growing awareness
Key companies include Teleflex, Johnson & Johnson, B.Braun, Medtronic, Thompson Surgical, and Becton, Dickinson and Company
The market is highly competitive with key participants consistently deploying strategies such as mergers and acquisitions to gain competitive advantage. For instance, in April 2017, Teleflex acquired Pyng Medical to gain a leadership position and expand its product portfolio.

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Respiratory Disease Testing Market Holds Growth of $6.7 Billion By 2025

San Francisco, 28 Nov 2018: The global respiratory diseases testing market is expected to reach USD 6.7 billion by 2025, according to a new report by Grand View Research, Inc. The market is driven by the rising prevalence of respiratory diseases. As per Forum of International Respiratory Societies, more than 200 million people across the globe suffered from Chronic Obstructive Pulmonary Disease (COPD) and 235 million suffered from asthma in 2014. In addition, the source stated that more than 50 million people struggle with occupational lung diseases annually. Thus, constantly growing target patient population is anticipated to drive the growth.

The adoption of innovative technologies, such as Computed Tomography (CT), for COPD diagnosis is expected to drive the growth. The other new technology in acute medical management of COPD is pulse oximeter that is used for outpatient monitoring. Airway management plays a main role in testing and management of COPD. Also, with recent technological innovations, there has been a 12.1 % increase in the use of Noninvasive Mechanical Ventilation (NIV) for management of COPD. Along with technological advancements, use of digital radiography (X-ray) and advanced portable spirometers is gaining momentum in the market.

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Further key findings from the study suggest:

The growing prevalence of COPD and asthma across the globe is expected to increase the demand for respiratory disease testing devices and thereby drive the market growth
In products, imaging tests held the largest share in 2016 due to rapid development and adoption of innovative technologies
In respiratory measurement, spirometers, pulse oximeters, ventilators, capnographs, and other noninvasive ventilators used for measurement of lung capacity are expected to grow at a rate of more than 4% over the forecast period
In end-use, hospitals segment held the largest share in 2016 and is anticipated to grow over the forecast period
North America the largest market share in 2016. Growing prevalence of respiratory diseases such as COPD, asthma is increasing the demand for respiratory disease testing/diagnostic in North American countries.
Asia Pacific region is expected to grow at the fastest rate during the forecast period. This growth can be attributed to various factors such as improving health care infrastructure and increasing patient awareness regarding the availability of new diagnostic techniques for respiratory diseases, such as COPD & asthma.
Some of the major players competing in this market include, but are not limited to, Becton Dickinson (Carefusion Corporation); Koninklijke Philips N.V. (Respironics); ResMed Company; Fischer & Paykel; and Medtronic. These players are strong brands in the market as they have elaborate product portfolios in respiratory disease testing market.

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Tuesday 27 November 2018

Fermentation Chemicals Market Anticipated To Reach $81.14 Billion By 2024

San Francisco, 28 Nov 2018: The global fermentation chemicals market is expected to reach USD 81.14 billion by 2024, according to a new report by Grand View Research, Inc. The ability of fermentation chemicals to accelerate the process for the preparation of various products and facilitating cost reduction is expected to remain a key driving factor for the global market.

Favorable regulations proposed by European Commission and EPA promoting green chemistry are also expected to have a positive influence on the market growth. Increased consumer awareness regarding bio-based products has also benefitted the market growth.

Intermittent raw material supply is expected to remain a key challenge for market participants. Process complexity involved in fermentation chemical production also adds to the increased product cost. The high cost of these chemicals is expected to restrain the market growth.

Alcohol emerged as the leading product segment with demand share exceeding 55% in 2015. As alcoholic beverages are produced by fermenting grains, fruits, etc. there has been an increasing demand for fermentation chemicals. Organic acids are expected to witness the highest growth of 5.2% from 2016 to 2024. Increasing demand for amino acid both for human and animal consumption is expected to drive this segment over the forecast period.

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

Further key findings from the report suggest:

The global fermentation chemicals market demand was 56.98 million tons in 2015 and is expected to reach 85.66 million tons by 2024, growing at a CAGR of 4.6% from 2016 to 2024
Fermentation chemicals are widely used for industrial applications, and the segment accounted for 44.7% of total market volume in 2015. Increasing industrialization in emerging economies of China and India is expected to drive this segment. Plastics and fibers are expected to witness the highest growth of 5.6% over the forecast period. Increasing demand for bio-plastics and composites is expected to drive this segment over the forecast period.
North American emerged as the leading regional market with demand share estimated at 33.7% in 2015. Higher demand from industrial and food & beverage application segments particularly in the U.S. has contributed towards greater market penetration of fermentation chemicals in the region.
Asia Pacific is expected to witness the highest growth of 5.6% over the forecast period. The rapid expansion of key end-use industries such as food & beverages, plastics and pharmaceuticals in China, India, Thailand, and Indonesia is expected to drive the regional market over the forecast period.
Key industry participants include BASF SE, Amano Enzyme Inc, The Dow Chemical Company, Cargill Inc, Archer Daniels Midland, DuPont Danisco A/S, Ajinomoto Company Incorporation, Evonik Industries, etc.

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Global Smart Fleet Management Market Is Thriving Worldwide 2014 – 2025

San Francisco, 28 Nov 2018: The global smart fleet management market size is expected to reach USD 565.1 billion by 2025, according to a study conducted by Grand View Research, Inc. The market is anticipated to register a CAGR of 7.6% from 2017 to 2025. Introduction of vehicular communication technologies has increased the adoption of smart fleet management solutions, which enable vehicle tracking and monitoring, fleet analytics, fuel management, predictive maintenance, remote diagnostics, and driver performance tracking and monitoring, among others. This enables fleet operators of all sizes to incorporate smart technologies to increase their operational efficiency, enhance productivity, and enable varied cost savings. Government agencies are investing in intelligent transport systems and mandating the use of connected technologies for all vehicles to enhance driver and road safety, reduce carbon emissions, and efficiently manage traffic congestions.

For connected technologies to work successfully, it is of utmost importance that there be seamless connectivity. In regions such as North America and Europe, there is ubiquitous presence of strong wireless connectivity infrastructure and this has facilitated widespread investment in telematics solutions among fleet operators. Additionally, presence of prominent industry players such as Cisco Systems, Inc.; IBM Corporation; Continental AG; Sierra Wireless; Zonar Systems, Inc.; and Orbcomm, Inc. is estimated to foster growth prospects for the smart fleet management market.

On the down side, advancements in networking technologies enabling a connected environment will pose significant concerns over data privacy and data security. Lack of network infrastructure in developing regions, complexity of deployment, and high initial capital requirements are also expected to hinder the growth of the smart fleet management market.

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Further key findings from the study suggest:

By transportation, the automotive segment will register the fastest growth during the forecast period, exhibiting a CAGR of 8.2%. Autonomous vehicles, telematics, and vehicular communications will drive this segment
In terms of hardware, ADAS systems are expected to dominate the global smart fleet management market owing to increasing government regulations and initiatives to ensure safety
Low cost, flexibility, and scalability are expected to drive the cloud connectivity segment. The segment is expected to expand at a CAGR of 8.8% over the forecast period
Demand for efficient transportation, rising demand for premium fleets, and implementation of strict government regulations are expected to bolster the growth of the APAC market
Cisco Systems, Inc.; Continental AG; IBM Corporation; Siemens AG; Robert Bosch GmbH; Tech Mahindra; Sierra Wireless; and Zonar Systems, Inc. are some of the major players in the market.

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Business Prospects and Future Glucuronolactone Market in Food & Beverages Industry

San Francisco, 28 Nov 2018: The global glucuronolactone market is expected to reach USD 436.5 million by 2024, according to a new report by Grand View Research, Inc. growing consumer awareness towards the use of glucuronolactone in various food & beverage products including energy drinks and nutrition supplements will augment industry growth over the next eight years. Growing use of the product for manufacturing pharmaceutical drugs and health supplement is expected to fuel industry growth over the forecast period. The positive outlook towards sports nutrition in light of increasing importance of active lifestyle will promote market expansion.

Food & beverage was the prominent end-use segment and was valued at USD 155.1 million in 2015. Rising health conscious population in the urban region is expected to fuel demand growth over the forecast period. Rising disposable income, increasing health awareness, growing population in various countries including the U.S., Brazil, India and China will promote market growth over the upcoming years.

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Further key findings from the report suggest:

Pharmaceutical application will witness the fastest growth at a CAGR of 7.0% from 2014 to 2024 as a result of increasing usage of glucuronolactone based tablets and supplements to cure arthritis, hepatocirrhosis, and hepatitis. Furthermore, recovery of pharmaceutical industry in the U.S. is expected to drive market growth over the forecast period.
North America glucuronolactone market was valued at USD 106.7 million in 2015 and will show significant rise owing to growing demand for energy drinks and nutritional supplements. Moreover, adoption of glucuronolactone as a supplement is also expected to fuel demand over the forecast period.
Asia Pacific will witness significant growth at a CAGR of 6.6% from 2016 to 2024 in light of the high level of glucuronolactone producers in China, India, and Japan with a high level of exports. Moreover, abundant availability of the product in China is expected to have a positive impact on the market over the coming years. Growing pharmaceutical sector in China, India, Indonesia, Malaysia Philippines, Singapore, Thailand and Vietnam will stimulate industry expansion.
Key manufacturers & exporters in the global glucuronolactone industry include Aceto Corporation, Anhui Fubore Pharmaceutical & Chemical Co., Ltd., Creative Compounds, LLC, Foodchem International Corporation, Hubei Yitai Pharmaceutical Co., Ltd., Merck Millipore Corporation, and Shaoxing Marina Biotechnology Co., Ltd.
Merck Millipore Corporation offers glucuronolactone produced by glucose oxidase and used as a nutritional supplement in pharmaceutical industries.

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Amyloidosis Treatment Market Expand Growth of $6.7 Billion by 2025

San Francisco, 28 Nov 2018: The global amyloidosis treatment market size is expected to reach USD 6.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.2% CAGR during the forecast period. Several factors such as increased adoption of novel targeted therapies and transplantations, emergence of biologics, and rising geriatric population are driving the market.

Amyloidosis is a group of rare diseases where misfolded aggregates of proteins (amyloids) buildup in tissues and organs. AL amyloidosis is the most common type of amyloidosis in U.S., with approximately 3,000 to 4,000 new cases diagnosed annually. Although in majority of cases, the disease is diagnosed in people over the age of 60, there are a few cases of people being diagnosed in their late 20s and about two-thirds of the patients are male.

Among treatments, chemotherapy held the largest share in 2017, followed by targeted therapy, and supportive care. However, targeted therapies are expected to dominate the market in 2025, supported by a strong pipeline and potential approval of drugs such as Alnylam’s Onpattro, Ionis’ Tegsedi, Johnson & Johnson’s Darzalex, and Takeda’s Ninlaro.

Stem cell transplants and targeted therapies are gaining traction in developed countries. However, amyloidosis cohorts in endemic regions do not have access to sufficient healthcare infrastructure to ensure prompt diagnosis and treatment in underdeveloped countries. Chemotherapy and supportive care are anticipated to lose market share over the forecast period due to adverse side effects and lower efficacy.

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Further key findings from the report suggest:

An estimated 16,000 people in U.S. suffer from amyloidosis, with approximately 3,000 to 4,000 new cases being reported annually
U.S. dominated the global amyloidosis treatment market, with a share of more than 27.0% in 2017 due to potential launch of pipeline drugs, increased adoption of novel therapeutics, and high cost of treatment in the country
Chemotherapy dominated the amyloidosis treatment market, with a share of about 35.0% in 2017. Targeted therapies are projected to witness double-digit growth during the forecast period due to multiple product approvals
Emerging markets for amyloidosis such as China, Sweden, Portugal, Turkey, South Africa, Brazil, Mexico, Saudi Arabia, and India are expected to show attractive growth over the forecast period due to improved healthcare infrastructure, favorable government policies, increased investment, and large amyloidosis cohort
Alnylam, Ionis, Pfizer, Johnson & Johnson and Takeda are some of the key players operating in this market
Currently, 19 products are under evaluation for amyloidosis treatment in various stages of clinical development. Promising pipeline candidates such as Onpattro, Vyndaqel, Tegsedi, Darzalex, and Ninlaro are expected to generate significant revenue upon launch.

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Small Arms Light Weapons Market Expand Their Businesses with New Investments

San Francisco, 27 Nov 2018: The global small arms light weapons market is expected to reach USD 25.76 billion by 2024, according to a new report by Grand View Research, Inc. The increasing issues on human rights and safety and security are expected to drive the demand. The increasing effects of urban warfare along with increasing terrorism incidents have also led to the development of the small arms light weapons across various regions. An increase in the urban warfare along with increased terrorist activity is anticipated to propel the market growth. The development of light-weight weapons for further enhancement of defense system is an ongoing trend in the developed countries.

Increasing criminal activities and human rights violations have resulted in the increased efforts for the technology advancements and modernization of the weapons utilized by law enforcement. The Combat Development and Integration Command’s Fires and Maneuver Integration Division of marines introduced the small arms modernization strategy which is expected to focus on updating and developing the current weapons in short-term and futuristic systems that could hit the fleet in the 2020s.

The governments of various countries are also investing their resources for the development of highly sophisticated weapon accessories such as night vision devices, laser rangefinders, weapon sights, aiming lasers, and fire control systems. High investment in the defense Research & Development (R&D) for shoulder –wired weapons made for developing a highly robust, reliable, and durable weapons system has also catapulted the demand for light weapons in military applications. The limited defense budget to boost the development of defense system is expected to hinder the market growth.

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Further key findings from the study suggest:

In 2015, light weapons market accounted for over 60% of the overall market share and is also expected to significantly growth over the forecast period. The implementation of modernization programs for police and the military forces is expected to drive the growth.
Rifles in small arms segment are expected to witness a significant growth at a CAGR of over 20% over the forecast period. The increasing interest of civilians in the shooting sports is expected to be the reason for growth.
Grenade and grenade launchers are expected to witness enormous growth in the light weapons segment owing to increased stress between countries and increased development of grenade launchers
The military application segment is anticipated to witness substantial growth and is estimated to reach over USD 13.0 billion by 2024. The widespread geographic presence of terrorism and human rights violation had led to the increased demand of light weapons market. Increased violation of civilians rights and law enforcement regulations have also triggered its growth.
The Asia Pacific SALW market is anticipated to grow at a CAGR of over 25% over the forecast period. Increasing technology and economic developments in the emerging countries such as China and India with their cross-border disputes has contributed to the growth.
Notable companies operating in the SALW market include Raytheon, Berette S.p.A., GLOCK Ges m.b.H., and FN Herstal SA

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Profitable Advantages of investment in Passive Fire Protection Market

San Francisco, 27 Nov 2018: The global passive fire protection market is expected to reach USD 7.13 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for upscale residential projects is expected to drive the passive fire protection market.

Rising investment in automation and digitization of the industries coupled with growing use of passive fire protection in warehousing application is expected to drive growth over the forecast period. In addition, rising use of the product in automotive and shipbuilding is expected to drive the demand in Europe and North America. Growing need of minimizing the asset loss is also expected to fuel product demand over the next seven years.

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Further key findings from the report suggest:

Intumescent coating segment is expected to grow at a CAGR of over 4.0% from 2015 to 2022. Rising investment by the oil & gas firms in improved exploration technologies including hydraulic fracturing and horizontal drilling is expected to drive the market demand. Intumescent coatings are being widely used in manufacturing and power industry.
Industrial sector accounted for over 20.0% share of the passive fire protection market owing to capacity expansion and technology upgradation. In addition, government policies including the grant of incentives and subsidies to promote the development of new manufacturing facilities in emerging economies including India, Brazil and Africa is expected to augment demand.
North America market is expected to grow at a CAGR of 4.5% from 2015 to 2022. Rising investment to improve their downstream capability and upstream operations prospect is expected to drive growth. The aerospace industry is expected to witness significant growth in the region owing to lower interest rates and availability of financing options.
Europe demand for passive fire protection was valued at over USD 1.30 billion in 2014. Europe is expected to witness a steady growth in consumption from warehousing industry owing to rising investment to improve logistics infrastructure coupled with rising government initiatives to improve freight transportation services in the region. However, reducing oil imports coupled with stiff competition from new refining facilities in Asia Pacific and the Middle East is expected to affect the global share of Europe in oil & gas industry over the forecast period. This, in turn, is expected to pose a challenge to market growth over next seven years.
Nullifire is a key market player which manufactures intumescent coatings, foams, fire curtains, seal bags, sealants and putty pads. In July 2011, Nullifire launched new service which helps public sector clients to ensure maximum fire resistance. Key companies include Lloyd Insulations (India) Ltd., Nullifire, Hempel, Sherwin-Williams, HILTI, and Carboline.

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Monday 26 November 2018

Well Intervention Market Swells Growth of $17.7 Billion by 2025

San Francisco, 27 Nov 2018: The global well intervention market is expected to reach USD 17.76 billion by 2025, according to a new report by Grand View Research, Inc. Development of new oilfields has been a major factor driving market growth. Employment of well intervention services has increased owing to the growing need for energy.

Well intervention services have various uses in drilling operations including, monitoring pressure & temperature at the reservoir. It is also utilized for transporting fluids and gasses to and fro the reservoir, stimulating the well and making it ready for production by increasing the flow of hydrocarbons, and isolating desired sections by means of annular seals.

Well intervention services are utilized extensively for E&P activities and well cleanup purposes. Monitoring of various activities in the well reservoir, and the ongoing operations, including, perforations, radioactivity, temperature, cementing, noise, plug and packer settings, have become of utmost importance; owing to the high amount of risk. On account of this scenario, logging and bottom hole survey was the largest service category in 2016 and is projected to show a steady growth over the next eight years. The logging and bottom hole survey segment had a market share of 22.1% in 2016.

Offshore is expected to be the fastest growing segment in the application category over the forecast period with an estimated CAGR of 5.1% from 2016 to 2025. A lot of logistics are required for offshore exploration & production activities. The equipment utilized for offshore drilling operations is also expensive as it has to withstand the pressure & temperature of the water bodies as well as the drilling activity. This factor is anticipated to positively drive the offshore segment growth over the forecast period of 2017 to 2025.

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Further key findings from the report suggest:

The global well intervention demand was USD 12.45 billion in 2016 and is expected to grow at a CAGR of 4.2% from 2017 to 2025
Logging and bottom hole survey emerged as the largest service segment in 2016 and is estimated to generate revenue over USD 3.95 billion by 2025
Stimulation is anticipated to be the fastest growing service segment over the next eight years and is estimated to grow at a CAGR of 6.1%
The well intervention demand in onshore application was USD 8.15 billion in 2016 and is anticipated to witness steady growth over the next eight years
The U.S. offshore well intervention market in applications category was worth USD 2.28 billion and is estimated to reach USD 3.5 billion by 2025
The Middle East & Africa region is anticipated to witness high growth at a CAGR of 5.7% by 2025. Recent developments in offshore activities such as increasing oil production in various countries including Qatar and Iran is expected to drive E&P market over the next eight years
Key players of the industry include Baker Hughes, Archer Limited, Halliburton, Weatherford International, and Schlumberger. These major players are often indulged in mergers, joint ventures, & acquisitions, in order to expand their product portfolio and gain market share

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Powder Coatings Equipment Market Scale Worth $2.14 Billion By 2024

San Francisco, 27 Nov 2018: The global powder coatings equipment market is expected to reach USD 2.14 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant gains over the forecast period on account of increasing usage of powder coatings in automotive, consumer goods, architectural, furniture, general industries and defense applications.

Rising demand for furniture and other architectural products such as windows and aluminum extrusions are expected to increase the industry size over the next eight years. Manufacturers are offering coatings booth made up of 18-gauge galvanized metal, for improving durability as well as reduce costs associated with installation.

Powder coat guns are expected to witness significant growth at a CAGR of 7.5% owing to its benefits including lightweight and easy color change. Furthermore, consumption of guns for spraying of powder coatings on metals, ceramics, glass and plastic surfaces is likely to augment demand over the upcoming years.

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Further key findings from the report suggest:

Automotive accounted for 20.8% of the overall industry share in 2015 and is likely to witness the fastest growth over the forecast period. This trend is expected to continue on account of rising requirements of powder coatings for a broad range of applications including bodywork, trim, aluminum wheels, and in-mold light weight components.
The presence of various automotive players including Ford, General Motors, Chevrolet, Mercedes-Benz and Dodge is expected to fuel the product demand over the upcoming years.
MEA accounted for 5% of the global share in 2015 and is projected to witness gains in light of the growth of the construction sector especially in Qatar and UAE. Furthermore, this scenario is likely to be supported due to certain factors such as advanced real estate regulatory framework, economic recovery, and increasing infrastructure project in the region.
The market is fragmented in nature with a large number of players present in the U.S., Switzerland, and India. Key players include Nordson Corporation, Gema Switzerland GmbH, WAGNER, Parker Ionics, Red Line Industries Limited, Reliant Finishing Systems, Carlisle, Hangzhou Color and Oven Empire Manufacturing.
Companies are focusing on product innovation to increase their presence in the global market. For instance, in October 2016, Gema Switzerland GmbH launched MultiColor Super-fast color change solution that maximizes the flexibility and productivity of the coatings line and avoids idle times.
In November 2013, Nordson Corporation launched Encore HD Automatic Powder Spray Gun which is “softer” and offers even charged powder cloud for optimum transfer efficiency.
Development of new glass booth coupled with ongoing product innovation to increase durability and reduce associated cost will propel equipment growth. Furthermore, growing DIY equipment will create immense market potential over the forecast period.

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Factors Driving the Oil Storage Market in Coming Years

San Francisco, 27 Nov 2018: The global oil storage market is expected to reach 2.16 billion cubic meters by 2025, according to a new report by Grand View Research, Inc. Ongoing revisions in energy security policies and guidelines issued by International Energy Agency (IEA) has urged its member countries to adhere to minimum oil stockholding rule.

Currently, India, Australia, and Japan are the major countries with ample projects for enhancing their Strategic Petroleum Reserve capacities over the next few years. Other countries, such as Malaysia, China, and the UAE have adopted various measures to expand the commercial and non-commercial storage tank facilities to ensure a consistent supply for the downstream sectors in the respective regions. Asia Pacific is anticipated to emerge as the fastest growing regional segment and account for over 19.5% by 2025.

In addition to regulatory norms, technological advancement is further anticipated to drive oil storage demand over the next nine years. Key players such as Marquard & Bahls AG and CST Industries have ventured into developing innovative product designs that offer high durability and a high degree of product containment. Columbian Steel Tank Company has announced investments in aluminum geodesic dome design that minimizes UV degradation and environmental loss.

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Further key findings from the report suggest:

Fixed roof tanks emerged as leading product segment and accounted for over 45% of total volume in 2015. Increasing adoption of tank designs with a low degree of contamination and minimum product losses are expected to steer market growth over the forecast period.
Crude oil emerged as the leading application segment for oil storage in 2015. Crude oil forms a significant source of power and energy sector. In addition, petrochemical refinery capacity expansions in the Middle East and Asia Pacific regions are major drivers contributing to market growth over the forecast period.
The oil storage demand in the Middle East & Africa is anticipated to grow at a CAGR of over 4.7% from 2016 to 2025. Surging oil production coupled with ongoing tank projects are major factors driving the market in the UAE, Nigeria, and Saudi Arabia
Oil storage demand in North America is anticipated to exceed 500 million cubic meters by 2025. Ongoing proposals for enhancing domestic reservoir production rate, particularly in the U.S. is driving growth in the region.
Key industry participants include CST Industries, Marquard & Bahls AG, LF Manufacturing, ZCL Composites, Belco, Palmer, and Zepnotek Storage Tanks.

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