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Neuroendoscopy Devices Market Will Accomplish Outstanding USD 203.9 million Figure By 2024

The neuroendoscopy devices market is expected to reach USD 203.9 million by 2025. The global market is set to witness a higher CAGR in the forthcoming period. Neuroendoscopy devices market is driven by factors such as rising number in cases of brain tumor and demand for minimally invasive surgeries. In addition, increasing incidences of intraventricular haemorrhage and growth in cases of pituitary tumors are likely to contribute to the market growth in the forecast period. The market witnesses several opportunities in form of rising incidences of brain injury and neural surgeries combined with increase in minimally invasive procedures.

Endoscopy plays a crucial role in minimally invasive neurosurgery; and in fact, neuroendoscopy has undergone constant changes following the progress of rigid endoscopes, flexible and steerable fiberoscopes. Neuroendoscopic techniques enable neuro-surgeons to achieve intraventricular cystic lesions in a minimally invasive technique. Determining the operative morbidity and mortality by using conventional approaches to the lesions, endoscopic surgery offers a safer outcome owing to the direct inspection of cyst membrane and regularity in contents. Combining neuroendoscopy with neuronavigation, the inclination towards robotic technology leads further to the progress in intraventricular neuroendoscopy.

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Neuroendoscopy devices market is quadfurcated into surgery, device type, application and geography. Geographical segmentation for market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American market is expected to lead the market growth in the forthcoming period followed by Europe. North America witnesses rising incidences of pituitary tumors that demand minimal invasive techniques for rapid recovery in patients. Favorable reimbursements, rising prevalence of cancer, and rise in investments is likely to fuel the market growth in the near future.

Asia-Pacific’s market is expected to gain a positive traction in the forthcoming period due to untapped potential in the APAC sector and favorable opportunities in Japan, China, and India. In addition, healthcare insurance, rise in technological advancements and rise in healthcare expenditure is likely to contribute to the market growth. European market is expected to gain a moderate CAGR in the forthcoming period due to rising cases of premature births and improved healthcare infrastructure is likely to propel the market growth in the forthcoming period.

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Middle Eastern regions are expected to gain a higher growth in the forthcoming period owing to improvisation in maternal care solutions and availability of enhanced NICU infrastructure. African regions are expected to register a moderate CAGR in the forthcoming period due to low awareness among the population regarding health policies by government. In addition, growing cases of infection caused in people resulting into blood loss is likely to hinder the market growth.

However, opportunities such as technological advancements and preference for minimally invasive diagnostics is likely to contribute to the neuroendoscopy devices market growth in the near future. The key players in the neuroendoscopy devices industry include B.Braun Medical Inc, Olympus Corporation, Karl Storz, Zeiss International, Medtronic, and Stryker.

Farm Management Software Market Will Reach Height of USD 4.22 billion billion By 2024

The global farm management software market is expected to reach USD 4.22 billion by 2025. The market is driven by factors such as proliferation of IoT, big data analytics and information & communication technology along with emphasis on cloud computing leading to recording and retrieval of real-time data management. In addition, rising population and enlarged demand for food worldwide coupled with government support to boost modern agricultural techniques is likely to boost the market growth in the forthcoming period. The farm management software market is expected to witness a CAGR of 16.7% in the forecast period.

The global farm management software industry witnesses several opportunities such as green initiatives for sustainable agriculture coupled with awareness in farmers for precision agriculture and pursuance of modern agricultural practices. However, rising food demands and farming challenges are likely to create hindrance in the market during the forecast period up to 2025.

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Farming systems are now embracing conceptual framework of web management to support farm production systems. The web management system is trifurcated into decision support sub-system, biophysical sub-system and decision support sub-system. In addition, the web system encompasses project management idea scoupled with model-view controller concepts. In reality, the farm management software supports the farmers with enhanced yield and productivity and farm efficiency is expected to gain a traction due to its proliferation worldwide. Big data plays a significant role in giving predictive insights, rebuilding business process and enabling real-time operational decisions for change in business models.

The farm management software industry segmentation includes agriculture, deployment model, application, service provider and region. Deployment segment dominates the farm management software market growth in the forthcoming period owing to rise in cloud-computing and is anticipated to witness a CAGR of 19.5% during the forecast period.

Geographical segmentation for farm management software industry spans North America, South America, Europe, Asia-Pacific, Europe, Middle East and Africa. North American and South American farm management software market is expected to gain positive traction in the near future. Factors such as rising demand for farm yield, favorable policies by government, demand for agricultural solutions, and inclination towards precision farming is likely to contribute to the market growth in the forthcoming period.

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European market is expected to gain a positive traction in the forthcoming period due to government support, increasing R&D activities pertaining to smart agriculture such as employing drones for enhanced production and building Aero Farms for better agriculture yield. Middle Eastern and African market is expected to gain a higher CAGR in the forthcoming period owing to rise in R&D activities, use of GPS signals and monitoring of real-time data.

The key players in the farm management software industry include Ag Leader technology; CropZilla Software, Inc. AB CropMetrics LLC, Granluar Inc, Dickey-John Corporation, The Climate Corporation; DeLaval; and Farm Edge, Inc. Big players are now offering technological assistance such as Big data analytics for smart farming whereas startups are expanding horizontally in the value chain service by providing insurance, consulting and advisory services.

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Coronary Stent Market Will Reach Height of USD 15.18 billion billion By 2024

The Global Coronary Stent Market is predicted to reach USD 15.18 billion by 2024 owing to factors include technological advancements, rising load of CAD, growing number of PCI procedures (percutaneous coronary intervention), increasing geriatric population and increasing demand for user-friendly procedures. A coronary stent is a miniature tube that is used to open a narrowed artery during the PCI (percutaneous coronary intervention) procedure. This treatment comprises insertion of balloon-tipped tube in the artery which is transported to the blockage location. The stent enlarges and forms a platform after the balloon inflates. This helps the artery to open and stabilize the blood flow to the heart. The Coronary stents are used in the treatment of cardiac disorders like angina pain, myocardial infarction and coronary artery disease. The Coronary Stent Market is expected to grow significantly with CAGR of 6.2% in the forecast period.

The Coronary Stent prevents the heart attack that is caused by the narrowing of coronary arteries. The stent is made of cobalt alloy or stainless steel tube and is attached to small balloons that support to proper blood flow and take care of the vessel wall. The coronary heart disease treatments comprise balloon angioplasty, pharmaceuticals, stenting of coronary artery bypass grafting. Stenting is regarded efficient for the heart patients in comparison to the bypass heart surgery. It is free of any major operation since it can be performed with the support of local low sedation and anesthesia.

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The main driver for the growth of coronary stent industry is the rising prevalence of heart diseases. Owing to the rising elderly population across globe, particularly in the developed economies, the market expects wide opportunities in the different parts of the world. Other factors that drive the market are the genetic diseases like obesity that is prevailing in all the age groups due to the changing unhealthy lifestyle and the technological advancements of bio-absorbable stents.

The main reason for maximum amount of deaths caused by the heart diseases across the globe is the CAD (Coronary artery disease). Nevertheless, the number of Coronary Artery Disease patients has decreased due to the increasing number of PCIs (percutaneous coronary interventions). This procedure makes use of wide range of coronary stents which again drives the industry growth. Besides, the expansion of BVS (bio resorb able vascular scaffold) and the emergence of the coronary stent market offer considerable growth opportunities. Moreover, the alternative treatment methodologies of CAD, numerous cases of product failure and strict regulations for product approval will restrict the market growth in the forthcoming years.

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The coronary stent industry is categorized on the grounds of product type, delivery modes, material, end-user and geographic region. On the grounds of product type, the market is divided into drug-eluting stents, bare-metal stents and bio absorbable stents. In the forecast period, the drug-eluting stents section is predicted to capture maximum share of the market. This is because the drug-eluting stents possess more benefits than the bare-metal stents and bio absorbable stents. The benefits can be stated as reduced risk of restenosis and other major disorders. On the grounds of delivery modes, the coronary stent market is divided into self-expanding stents and balloon-expanding stents. The balloon expandable stents is predicted to capture larger market share due to the factors like increasing regulatory approvals for balloon-expandable stents, greater use of these stents and growing research activities to enhance technology.

Geographically, the Coronary Stents Market is divided into Europe, North America and Asia, and the rest of the world. North America is estimated to capture comparatively larger market share followed by Europe. Asia is projected to capture the coronary stents industry with a good pace in the coming years. Other factors for the growth of the market in Asia include growing population base, prevalence of heart disease, focus of major players, increasing adoption of modern technologies and lower manufacturing costs in the area. The prominent and emerging market players of coronary stent market are Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., B. Braun Melsungen AG, Terumo Corporation, Medtronic, plc, BIOTRONIK SE & Co. KG, STENTYS SA, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., Translumina GmbH, and Vascular Concepts.

Conformal Coatings Market Will Reach Height of USD 15.73 billion billion By 2024

The global conformal coatings market size is expected to value at USD 15.73 Billion by 2024, during the forecast period. The market is subject to witness a substantial growth due to the rising demand for end-user products from customer-oriented electronics market segment. The conformal coating is implemented in electronic industries to safeguard printed circuit boards and panels from external environmental factors such as dust, moisture, heat, varying temperatures, environmental noise and other form of environmental factors. Growing competition in the conformal coating industry with substantial presence of medium-sized manufactures, large-scale production houses and suppliers are positively impacting the industry. Globally, the conformal coatings market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunity for market players to invest for research and development of the market.

Growth of electronic and electrical sector mainly in the developing economies across the globe is pertaining to the progress of the market. Conformal coatings offer numerous advantages in comparison with their counterparts such as assurance on better corrosion and dielectric resistance. Such advantages are playing a key role in rising demand of the conformal coating market in the electronic industry. Most common form of materials used for conformal coating is acrylic coating. The acrylic coating market segment is predicted to hold major share of the material-based segment of the market in upcoming years.

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Acrylic conformal coatings are simple to apply and rework in case of emergency. They are fairly low priced compared to other types of the conformal coating with high abrasion and dielectric coefficient. The acrylic coating also provide protection from moisture and chemicals, require less time for applying coating to the electronic circuitry. Such factors are driving application specific conformal coatings market across range of industry segments. Application of the conformal coating has extended to the automotive industry as well due its vast set of benefits that puts it apart from other types coatings.

Material used in the conformal coating commonly involves a thin polymeric film that are designed to encapsulate the printed circuit board in order to safeguard the electronic components placed onto the board from external factors. The thin polymeric films are majorly varied in thickness from twenty-five micrometers to two hundred micrometers. They act as a safeguard mechanism to resist accumulation of water, dust, chemicals, and temperature changes.

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The electronic circuitry is subjected to harsh environments during their regular use, so it becomes critical to protect from adverse atmospheric mechanical and chemical reaction, uncoated electronic circuitscan not withstand such hazardous condition, and are bound to fail over the period of time. The use of conformal coating allows consistent performance level from the electronic circuitry. A transparent layer of conformal coating is applied to the coat assemblies that is light weight and allow easier inspection of the electronic circuitry. The conformal coating is classified into four distinct classes such as acrylic, urethane, silicone, and varnishes.

The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. Asia-Pacific region is predicted to hold major market share in the conformal coatings market with massive growth in forecast period. Countries such as Taiwan, China, Japan and South Korea are leading the Asia-Pacific market with the rising investments in the electronics and automotive fields. Also, rapid industrialization in automotive and consumer electronics production segment in India is likely to assists reach of conformal coating industry in the region. North America has shown major growth in recent years owing to the increasing need for high-tech electronic devices such as global position systems (GPS) and various products across the automotive sector.

The leading players in the conformal coatings market are Henkel Company, Chemtronics Incorporations, and Shin-Etsu Chemical Corporations. The raw materials required for production of conformal coatings is procured from well-established market players in the chemicals segment such as BASF SE, and Aditya Birla Chemicals.

Continuous Renal Replacement Therapy Market Will Reach Height of USD 1.4 billion billion By 2024

The global Continuous Renal Replacement Therapy (CRRT) market size was valued at around USD 745.4 million in 2016 and is anticipated to reach USD 1.4 billion by 2025, with a CAGR of 7.4%. Acute renal failure is a common complication in the intensive care unit (ICU). Over the last few years, there have been noteworthy technological developments in the delivery of renal replacement therapy, principally as it refers to the critically ill patient population.

Continuous Renal Replacement Therapy (CRRT) is a dialysis modality utilized to treat critically ill, hospitalized patients in the intensive care unit (ICU) who develop acute kidney injury (AKI). Dissimilar to that of chronic kidney disease, which arises gradually over the period of time, AKI often takes place in hospitalized patients treated in an intensive care environment, and it classically occurs over a few hours to a few days.

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Renal replacement therapy is one treatment modality that strives for the replacement of the excretory function of the kidney. Renal replacement always utilizes a semi-permeable membrane to accomplish blood purification. It can be alternating or continuous, and can involve some of the major transport mechanisms such as the convection, adsorption, diffusion, and ultra-filtration. The effort of this is continuous renal replacement rehabilitation.

Continuous renal replacement therapy (CRRT) is a widespread optimal for the cure of ICU patients with AKI, particularly for hemodynamically unbalanced circumstances. CRRT consists of solute removal from blood by hemofiltration or haemodialysis or a blend of both. CRRT is carried out for about 24 hours in an ICU, making it relatively different from traditional renal replacement therapies that consist of intermittent haemodialysis durable from four to six hours or even at a reduced rate. Therefore, CRRT was established in an effort to offer artificial kidney support to those patients who could not abide the traditional haemodialysis as traditional intermittent haemodialysis often causes hemodynamic instability in the critically ill patients. The patients in receipt of CRRT can obtain as much as protein as well as fluid required achieving optimum nutrition.

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There are many factors that propel the growth of Continuous Renal Replacement Therapy (CRRT) Market such as rise in geriatric population, novel product launches, mounting occurrence of Acute Kidney Injury, patient’s inclination towards Renal Replacement Therapy, awareness regarding the blood purification technique, and development in technologies. On the other hand, there are factors that hinder the growth of the market like high demand of skilled ICU nurses, high expenses on Continuous Renal Replacement Therapy and complications of the therapy. The Continuous Renal Replacement Therapy (CRRT) Market can be classified on the basis product, modality, and geography.

On the basis of product, Continuous Renal Replacement Therapy (CRRT) Market is classified as CRRT Disposables, Hemofilters, Bloodlines, CRRT Systems, Dialysate and Replacement Fluids, and the other Disposables. On the basis of modality, Continuous Renal Replacement Therapy (CRRT) Market is classified Slow Continuous Ultrafiltration (SCUF), Continuous Venovenous Hemofiltration (CVVH), Continuous Venovenous Hemodiafiltration (CVVHDF), and Continuous Venovenous Hemodialysis (CVVHD).

On the basis of geography, Continuous Renal Replacement Therapy (CRRT) Market is classified as North America, Europe, Asia Pacific, and Rest of the World. In 2015, the largest share was held by Europe tracked by North America. Nevertheless, Asia Pacific’s market is anticipated to grow at the highest rate. The factors that attribute to the high growth include developments in healthcare, increasing geriatric population, expanding sepsis prevalence, and so on.

The prominent players that fuel the growth of Continuous Renal Replacement Therapy (CRRT) Market include Infomed SA, Baxter International Inc., Medica S.p.A, Medical Components, Inc., Nikkiso Co., Ltd, NxStage Medical, Inc., Toray Medical Company Limited, B. Braun Melsungen AG, BellcoS.r.l., Fresenius Medical Care AG & Co. KGaA, and Asahi Kasei Medical Co., Ltd. Since 2014, Baxter International Inc., has dominated the Continuous Renal Replacement Therapy (CRRT) Market.

Location of Things (LoT) Market Will Reach Height of USD 71.6 billion By 2024

The global location of things market size was valued at USD 5,562.1 million in 2016 and is expected to reach USD 71.6 billion by 2025, with a CAGR of 34.07%. The location of things market by indoor type includes indoor location and outdoor location. Business has changed color from the stereotype to a more vibrant and inclusive role thanks to penetrative power of internet and rolling out of Internet of Things (IoT) between devices. Internet of Things (IoT) convergence has extended beyond the ordinary to foster growth in a similar market-intensive identity named Location of Things (LoT) market giving detailed and incisive insights in social-media management (SMM) monitoring to real-time asset maintenance and there is no stopping growth in location of things market.

Expansion has led to device expression and remote location based authorization of device parameters and device-prioritization for instance covering connected cars, connected home, smart city, mobile advertising and ambient intelligence boosting technological upgrades in LoT market. Right from wearables and smart watches down to far-away vending machines, Internet of things has made a global impact in feeding user with health warnings and fitness-criteria down to customer touch points relaying vehicle-breakdown information with help of arithmetic program interface (API) wizards. This has set norms in industry growth with location of things.

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Advertising in every nook of the city with out of home (OOH) technology and IoT is gaining root. Traditional outmoded banner advertising becoming a tad unpopular, Location of things and IoT has left its indelible mark in famed hallmarks of advertising. Machine to Machine dependence enabling internet of things connectivity and device governance with devices frequently in touch with their counterparts present a full-bloom growth channel for Internet of Things (IoT) market.

On an upside Location of Things (LoT) market will gain increasingly due to personal vehicle connectivity with enhanced telecommunication and collaboration technologies and all-round gains are predicted. The location of things market by application includes navigation type, location based customer engagement and advertising platform, location based social media monitoring, IOT Asset Management and IOT Location Intelligence.

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By vertical, location of things market includes government and public utilities, defense, transportation and logistics, industrial manufacturing, healthcare and life sciences, retail, BFSI, media and entertainment and others. By region, location of things market includes North America, Europe, Asia pacific, MEA and Latin America. As per industry news, Intel Capital is financing an IoT technological arm focusing on technology enunciation including 3D-scanning and biometric sensors, 3D biometric sensors and wearable sand IoT infrastructure start-ups. Software and services market will be a multi-billion dollar market and growth in number of interconnected devices will exhibit enhanced market drive.

By location, connected cities market is exhibiting profound growth in location of things market. Drivers to the location of things market are improved customer experience, simplification of supply chains and agile logistics with cost-cutting measures and productive all-round employee participation. Amongst other key industries, smart factories will contribute 7% to 8% of industry total. Key industries include Bosch Software Innovations GmbH, ESRI, Qualcomm Technologies, Wireless Logic, Ubisense Group, PLC, Google, Inc., IBM Corporation, Microsoft Corporation, Pitney Bowes, HERE, Telogis, and Tibco Software. Target audience in location of things market is application vendors, IOT provider companies, Academic and research institutes and Government associations.

Wireless Charging Market Will Reach Height of USD 1.87 billion By 2024

Industry Insights

The global wireless charging market size was valued at USD 1.87 billion in 2014 and is expected to reach USD 22.25 billion by 2022. Future growth opportunities seem to positive on account of increasing adoption of consumer electronic devices such as laptops and smartphones that employ the new technology of wireless charging. Rising need for wireless and hassle-free methods to power different devices amongst end users in industrial sectors including healthcare, automotive, defence and industrial markets is expected to propel market growth in the next eight years. This market is in the growing phase and is observed to experience a wide range of innovations and provide several opportunities to new entrants.

In order to improve existing operations and functionalities, heavy investments are made by major market players on research and development. Key emphasis is laid on enhancing and refining the power transmission range that can enable wireless charging of devices for long distances.

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Few Associations such as WPC and PMA specialize in inductive technology, and A4WP’s Rezence is specialized in resonant technology. However, in June 2015, PMA announced its merger with A4WP and PMA and named it Air Fuel Alliance in November 2015. Hence, WPC and its Qi platform was the sole effective platform for inductive technology.

The merger proved to simplify decision making for hardware developers relieving them from the task of complying with three different standards. However, the combined body of A4WP and PMA poses few technical challenges. Qi, similar to PMA, uses closely connected inductive solution in addition to the newly added specification that employs resonance technology and provisions backward compatibility for Qi receiver devices such as laptops, smartphones and tablets.

Technology Insights

Latest technology including resonant and radio frequency (RF) is anticipated to materialize into one of the attractive technologies in the industry. Resonant technology is portable and doesn’t require a direct contact thus providing convenience to customers. It also assists in powering devices within small distances. Multiple-device charging in a single go is also a feature of RF-based technology. Owing to its ability to eliminate alignment in case of small devices such as medical implants and wearables, RF-based technology is projected to achieve some prominence over the forecast period. On account of its perceived advantages, several organisations including Humavox have been heavily investing in this technology.

Nearly 50% of the overall share by revenue was contributed to by inductive technology which is relatively older to others. Inductive technology is employed by leading standards and technologies such as PMA and WPC which use Qi technology. Inductive has thereby spurred market growth significantly in 2014. Additionally, Electric Vehicles (EVs) also employ inductive technology for charging purposes.

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Hybrid electric vehicle market is anticipated to be a promising segment for the wireless charging market. Additionally, it is expected to gain prominence over the forecast period in the consumer electronics industry owing to the growing demand for laptops and smartphones. As of 2014, Asia Pacific contributed to approximately 35% of the global revenue.

U.S emerged as the major regional market in North America on account of consumers’ growing inclination towards spending more for powering options, particularly for tablets, laptops and smart devices. Untapped markets such as Africa and Latin America are anticipated to experience a growing adoption of cordless charging over the forecast period hence opening new avenues for wireless charging networks industry.

Competitive Market Share Insights

Key market players in this domain include Qualcomm, WiTricity Corporation, Integrated Device Technology (IDT) and Power by Proxi. Latest developments by various companies include a new launch by Qualcomm in November 2015 that showcases a wireless docking station 802.11ad WiGig dock that is coupled with Snapdragon 820 processor. This device has the potential to initiate power back up when docked on the station. On the other hand, introduction of new charging techniques that support multiple applications such as automotive, medical, consumer electronics and automotive simultaneously was developed by WiTricity. Further, in December 2015, Qualcomm entered into an agreement with Efacec for Wireless Electric Vehicle Charging (WEVC). It plans to provide powering alternatives for all-electric hybrid vehicles and plug-ins.

Blood Screening Market Will Generate About USD 3.9 billion By 2024

Global Blood Screening Market is anticipated to reach USD 3.9 billion by 2024. It is anticipated to grow at a healthy rate in the years to come. Blood is a living tissue made up of liquid, with several proteins and cells suspended in it. It contains red blood cells, circulating fluid, platelets, and white blood cells. It offers nutrition and oxygen to the body cells through arteries, capillaries, and veins. It also helps in removal of carbon dioxide and metabolic waste from the body. Blood screening implies medical procedure wherein blood is inspected for a specific condition or disease. It helps to monitor health issues & diseases and a chronic ailments such as cancer and infections.

The facts that propel the growth of the Market include surge in adoption of nucleic acid amplification test (NAT), increase in prevalence of infectious diseases, rise in awareness regarding healthcare, and increase in the number of blood donations. Furthermore, surge in healthcare expenditure, increase in healthcare initiatives by government, and technical developments in blood screening technologies have resulted in the market growth.

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On the other hand, factors such as dearth of skilled manpower, high operating costs, and strict regulatory approvals may hinder the market development. The introduction of pathogen reduction technology and microbiology screening & multiplexing are anticipated to offer profitable opportunities for the blood screening market. and grow at a significant CAGR of 10.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Blood Screening Market may be analyzed based on technology, product outlook, end users, and geography. The Market may be explored by technology as ELISA, Chemiluminescence Immunoassay (CLIA), and Enzyme Immunoassay (EIA), Nucleic Acid Amplification Test (NAT), Western Blotting, and Next-Generation Sequencing (NGS). The NAT may be further split into real-time PCR and transcription-mediated amplification (TMA). The “NAT” dominated the blood screening market in 2016 and is anticipated to maintain its dominance by 2024 due to growing number of blood donations, increasing occurrence of transferrable diseases, and growing disposable income with respect to reimbursement for NAT-tested blood.

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Furthermore, the increasing consciousness about advanced and innovative applications of NAT in disease screening and the growing demand for safe donated blood by patients suffering from thalassemia, hemophilia, and sickle-cell anemia boost the development of this technology sector. Blood Screening Market may be explored by product outlook as Reagent& kit, and Instrument.

The market may be analyzed based on end user into Blood Banks, and Hospitals. The “blood banks” segment dominated the market in 2016 and anticipated to maintain its dominance by 2024 due to factors such as growing demand for donated blood, rising number of rising awareness regarding the safety of blood, organ transplantation surgeries, growing number of donations worldwide, and development in government funding to charitable trusts.

North America accounted for the major share of the global Blood Screening Industry in 2016 and will continue to lead in the forecast period due to factors such as growing participation of several government associations in screening & transfusion activities and blood donations, and rising adoption of nucleic acid tests (NAT). Some of the key players that fuel the growth of the Blood Screening Market include Becton, Danaher Corporation, Abbott Laboratories, Bio-Rad Laboratories, Inc., Beckman Coulter, Inc, F. Hoffmann-La Roche Ltd, Grifols, Dickinson and Company, Ortho Clinical Diagnostics, Siemens AG, and Thermo Fisher Scientific Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Set Top Box (STB) Market Will Generate About USD 29.78 billion By 2024

The global Set Top Box (STB) market size was estimated at USD 17.14 billion in 2015 and is anticipated to reach USD 29.78 billion by 2024. The market is expected to witness significant demand over the forecast period on account increasing penetration of High Definition (HD) channels among consumers and the rising adoption of smart TVs.

Increased the storage space in modern Set Top Box (STB) devices to enable caching of data broadcasts and improved personal video recording. Increasing demand for high-quality picture and sound coupled technological advancements are anticipated to fuel the Set Top Box (STB) market over the forecast period. Key players in the market include digital satellite providers, cable providers and telecommunication companies. Major infrastructural providers are undertaking strategic partnerships and mergers with content and software providers on account of increased need for better interactive content. This has enabled seamless interactive content for consumers. Major infrastructure providers include Ericsson, SysMaster, Cisco, IBM and Elitecore.

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Regional content for the rural consumers and higher volume of 3D content creation for urban consumers as a result of digitization is expected to augment market growth. Further, it is expected to fuel demand for HD and 3D TV sets. Consumers are accessing high-quality picture and sound and installing set-top boxes and with the digitization of cable. The TV screens are getting bigger and better thereby making SD quality undesirable for a high-quality viewing experience.

The global market is anticipated to present considerable opportunities for market growth over the forecast with the rise of innovative products including, 4K UHD TVs, 3D smart interactive TVs and OLED TVs, years. These devices enable users to access HD quality video content on their HD-ready TV sets. Technologically-advanced TV sets and increased demand for smart TVs among the global population is gradually increasing the need to access innovative features.

Manufacturers provides several variants including cable-based, IPTV, satellite, Digital Terrestrial Television (DTT) and Over the Top (OTT). In 2014, DTT is anticipated to remain the leading set-top box system over the forecast period, which accounted over 25% of the global industry. Satellite system sends signals received by satellite version and converts it into analog format for viewing on TV sets. Consumers require the subscription to a particular satellite pay-TV operator to use satellite STBs.

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Emergence of quality standards coupled with the computational capabilities of devices to meet increasing consumer expectations have resulted in the growth of STB market globally. Migration from DOCSIS 3.0 to advanced DSL standards including vectoring and G. fast coupled with the proliferation of technology, is anticipated to offer opportunities for market growth.

Global STB industry was dominated by High Definition (HD) Set Top Box (STB) devices and is expected to replace the traditional Standard Definition (SD) devices from 2016 to 2024. HD devices are projected to constitute over 60% of the overall industry revenue share in 2014.

High-quality sound output and HD transmission devices provide high resolution (over 1080p) of video content transmission. Therefore, these technologies have gained increased preference among TV users over the past few years. Service providers are introducing 3D and Ultra HD (UHD) STB devices compatible with 4K and 3D televisions and are gaining momentum in the market.

North America is anticipated to experience growing demand for Internet Protocol TV (IPTV) STBs on account of rising high-speed broadband infrastructural support and the customizable features it offers to its users. In line with the energy efficiency concerns, producers are inventing new methods to add a lower sleep type mode that is available in several consumer electronics similar personal computers.

The regional market for STBs is expected to grow at a CAGR nearly 2.5% from 2016 to 2024 primarily driven by the rise in the sales of low-cost cable, DTT and satellite DTT. The Asia Pacific STB industry is expected experience rapid growth owing to encouraging government mandates and growing consumer adoption in the region. Increase in the overall sales of such products has resulted from declining prices of TV sets. Key market players include Amazon, ADB, Cisco, Echostar, Coship, Huawei, Samsung, HUMAX, Technicolor and Skyworth. Vendors are focusing on product differentiation and integrating supplementary features in their products.

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Microelectromechanical Systems (MEMS) Market is Booming Worldwide from 2020 to 2024

The global Microelectromechanical Systems (MEMS) Market is expected to grow at a dynamic rate for the forecast period owing to growing applications in many sectors such as automotive, aerospace, consumer electronics, defence and healthcare. Healthcare and consumer electronics are main driver of this industry. Microelectromechanical Systems (MEMS) consists of many Nano electro mechanical components embedded in semiconductor chips. It is made of micro circuits which consists of different sensors which are embedded and other components are placed upon. MEMS devices have application in various fields due to their higher efficiency rates and low costs.

In various devices this technology is used as Sensor fusion. Sensor fusion is software that enables fusing of data from several different sensors to compute something which can’t be determined by single sensor alone. It enables motion tracking, context awareness and augmented reality. The solution enhances customer experience with portable devices. MEMS technology is used in mobile phone as sensors and micro phones. In healthcare industry it is used in hearing aid devices, pedometer and lab on chips devices. In automotive industry it is used in Crash sensing device, vehicle dynamic control, rollover detection and antitheft system.

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MEMS devices are gyroscopes, acceleration sensors, ink jet heads, pressure sensors, radio frequency MEMS, silicon microphones and micro bolometers. Major application areas include consumer, space/military, automotive, medicine and telecommunication. A huge completion amongst the competitor is forcing them to reduce the prices, which is hampering the profit of the industry. Revenue from the market is less due to its competitive nature and is affecting the growth of the industry. Industry wise it can be segmented it is segmented as automotive, aerospace, consumer electronics, defence and healthcare. Automotive industry uses the mems technology extensively. Passenger cars or commercial vehicles needs sensitive sensors and mems technology is cheaper, reliable and effective. Pressure sensors are most widely used in automobile industry. Increase in demand for automotive is a driver in MEMS technology. In Europe and America, the MESM technology based sensor is expected to grow.

Consumer’s electronics segment also uses MEMS technology. A washing machine or a mobile device uses various sensors which are supported by MEMS technology. This technology has a huge application in harvesting renewable energy. In solar energy harvesting this technology is used to absorb energy and convert it in usable form. Hence MEMS has a huge potential market. Market of MEMS is divided into Oscillators Pressure Sensors, Accelerometers, Microphones, Gyroscopes, and Radio Frequency MEMS. Microelectromechanical Systems market is segmented on 5 regions North America, Europe, Asia-Pacific, Latin America and MEA.

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North America regional market includes the U.S. and Canada. Europe regional market includes European Union, CIS and other non-member states. Asia Pacific regional market includes Japan, China, India, Taiwan, Korea, and Australia. Latin America mainly includes Brazil, Mexico, and other South American countries. MEA comprises Middle East and African countries. North America is the largest market for MEMS but Asia Pacific region is expected to grow at a tremendous rate. North America is the largest market for MEMS used in medical devices. Asia pacific has observed an increment in the medical requirement assistance hence it is a potential market expected to have a drastic growth rate in near future.

Key players in Micro-electro-mechanical system industry are include Robert Bosch, Texas Instruments, Knowles electronics, InvenSense, AKM, Honeywell, Canon, Panasonics, Hewlett Packard, Denso, Avago Technologies, Seneata, Analog Devices Inc., Lexmark, Autoliv, Inc., Aptina Imaging Corporation, CASCO, Bourns, Inc., Corrsys-Datron Sensorsysteme GmbH, Continental AG, Custom Sensors & Technologies, CTS Corporation, Inc., Kavlico Corporation, BEI Sensors, Denso Corporation, Delphi Corporation, Freescale Semiconductor Inc.,, ELESYS North America, Inc., Hamamatsu Photonics KK, General Electric Company, Hella KGaA Hueck & Co., Hamlin Electronics, Infineon Technologies AG., Kistler Group, Melexis Microelectronic Integrated Systems, Hitachi Automotive Systems, Micralyne, Inc., NXP Semiconductors N.V., NGK Spark Plugs USA, Inc., Inc., Omron Corporation, Novotechnik U.S., OSRAM Opto Semiconductors , Sensata Technologies, SSI Technologies, Inc., Valeo S.A, TRW Automotive Holdings Corp. and TT electronics plc. InvenSence Inc. technology has developed fabrication platform which enables integration of standard MEMS with CMOS in a small and cost effective water level solution.

The latest technology development in MEMS is the INS380SA, is a complete inertial navigation system consists of built-in 48-channel GPS receiver. Smart Sensing technology enables a turnkey system with better than 0.01 m/s velocity measurement accuracy. The integrated 3-axis magnetometer allows for accurate operation when the GPS signal is lost or when the vehicle comes to a stop. Car-Ele Japan is a new technology launched by Bosch in 2016. It is a MEMS sensor used in light electric vehicles such as e-Scooters and e-Bikes.