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Choroidal Neovascularization Market to Witness Huge Growth By 2024

Choroid is principally that portion of eye that lies in between the retina and the sclera. It is said that this particular region of eye comprises of blood vessels that constantly offers nutrients to the retinal part of our eye. Choroidal Neovascularization (CNV) Market size on the basis of methods of diagnosis spans Fluorescein Angiography (FA), Indocyanine Green (ICG) angiography, and spectral domain Optical Coherence Tomography (OCT).

Choroidal Neovascularization (CNV) is an ailment, that is distinguished by the formation of new blood vessels that evolve either because of the existence of Vascular Endothelial Growth Factors or because of Age-related Macular Degeneration (AMD). It has been noted that this particular disease is quite prominently occurring in the population with flaws in the inmost stratum of the choroid known as Bruch’s membrane. It is linked with the production of new blood vessels in the choroidal layer of eye.

These blood vessels may suddenly break into the retina and give rise to disruption as well as sight loss/vision loss. The key symptoms of this disorder may encompass loss of vision, metamorphopsia, paracentral or central scotoma, and apparent change in image size. This disease frequently takes place among the aged group of population and among people who are suffering from severe myopia. Among all, Fluorescein Angiography (FA) is the most frequently employed diagnosis technique.

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And now days, it has been observed that the method of spectral domain OCT has occupied the position of FA, the reason being its attached benefits and highly accurate treatment provided by it. The studies show that CNV very often originate from posterior pole lesions and therefore it becomes quite difficult to spot and identify. Thus, it is very essential to take up an accurate and precise diagnosis in order to get relief from CNV. Researchers have identified a wide range of diagnosis methods of CNV along with various treatments.

As far the treatments are concerned, the prominent ones include angiogenesis inhibitors injection, photodynamic therapy, laser photocoagulation, low dose radiation therapy as well as surgery. Among all these mentioned treatments, it is said that angiogenesis inhibitor injection is the most traditional technique to administer the development of blood vessels by decreasing the area of fluid that is just below the retinal pigment epithelium.

The prominent factor that is playing a major part in raising the Choroidal Neovascularization (CNV) market share include high rate of increment in CNV affected patients owing to augmented aged population. In addition, the concerned government authorities and heath care departments across the globe are taking up various initiatives for raising awareness among the masses regarding the disease. Plus, they are offering appropriate diagnosis and treatments at reasonable prices.

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This is in turn assisting in compelling the overall growth of Choroidal Neovascularization (CNV) market. The only factors that are turning as major hurdles in the market growth include high lack of awareness among masses especially in the African and Asian regions regarding various kinds of eye diseases and soaring cost attached with its treatment.

Additionally, inaccessibility of better healthcare infrastructure, enhanced facilities and high grade care of patients are still standing in the mid-way as major challenges in the market growth. Choroidal Neovascularization (CNV) Market size on the basis of geography spans North America, Europe, Asia-Pacific, South America, and Middle East and Africa. As far as the geography is concerned, Asia Pacific is currently leading the market and it is anticipated that it will rise with a robust CAGR in the next couple of years particularly in the countries like China, and India.

On the other hand, North America is also emerging in the Choroidal Neovascularization (CNV) market owing to the large number of aged population present in the particular region. It is noted that the region is highly affected by this disease. The key players operating in the Choroidal Neovascularization (CNV) market include Bayer AG, Resolvyx Pharmaceuticals Inc, F. Hoffmann-La Roche Ltd, Valeant Pharmaceuticals International Inc., and Chengdu Kanghong Biotech Co. Ltd.

Thin Film Photovoltaics (PV) Market Is Mushrooming Worldwide From 2021

Global Thin Film Photovoltaics (PV) market is expected to grow significantly over the forecast period owing to the speedy advancements in thin film technology. The most common types of PV cells used worldwide are thin film PV cells and crystalline silicon. Formerly, market was ruled by crystalline silicon PV cells. However, thin film has gained popularity in the recent past. Thin film PV primarily consists of copper-indium diselenide (CIS), amorphous silicon (a-Si), cadmium telluride (CdTe) and copper indium gallium diselenide (CIGS).

Photovoltaics are also known as solar cells. They are electronic devices which directly converts sunlight into electricity. Thin film photovoltaics are made by putting one or more thin layers of photovoltaic (PV) material on a substrate such as plastic, metal or glass. Thickness of the film can range from few nanometers to micrometers. This is relatively thinner than its competitor’s crystalline silicon solar cells technology which uses wafers up to 200 micrometers. This permits thin film cells to be lower in weight, flexible and have less friction or drag. It can be used as a semi-transparent photovoltaic glazing material that can be plastic-coated on the windows.

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Photovoltaics incur relatively less operating costs and are reliable, safe and can be easily installed. The quest for economical technology for generating electricity attracted major investors and corporations towards thin film PV – advanced technologies industry. The industry witnessed over 100 companies entering into the market. There was a growing need for thin film PV advanced technologies to constantly increase its productivity. This led to high energy production and lower system costs. Manufacturing costs must also be pulled down to attain competitive pricing. The growth of global thin film photovoltaics – advanced technologies market is driven by optimal efficiency and low manufacturing costs of PV cells.

There has been an increased alarm about change in climate and alternative sources of energy, which is expected to augment the demand for thin film PV – advanced technologies. Higher yields of thin film photovoltaic for shadow, weak lighting conditions and installation options that are visually attractive are expected to drive the industry. Market is poised for growth owing to the incentives and funding provided by the government for adopting solar energy so as to generate electricity. Factors such as low consumption of silicon, building mounted systems, initiatives by the government and the ground emergence may favorably impact the market growth. The year 2015 saw installations of around 52 gigawatts (GW) of new capacities all over the world.

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However, multi junction PV cells and low conversion efficiency are anticipated to restrain market growth. Few other factors such as high costs of capital, poor maintenance and poor installation are expected to create major hindrance for thin film PV – advanced technologies demand in the market. Global thin film PV – advanced technologies market is segmented based on its type which includes organic and inorganic photovoltaics. Based on its application, thin film PV market is segmented into utility, military, consumer, residential and non-residential sectors. Furthermore, the utility sector is sub-characterized into power plant application, industrial applications, military and defense applications. Power supply connected to the line grid is anticipated to be the market leader of thin film PV over the forecast period.

The European region has been leading the market of thin film photovoltaics over the past few years. Countries such as Italy, Spain and Germany majorly witnessed an increased demand of solar energy making Europe the market leader. North America and Europe have been projected to witness a very high growth rate over the forecast period owing to early adoption of advancements in the technology. Asia Pacific is also expected to follow North America and Europe as there has been an increased adoption of semiconductors by the electronics industry. Emerging economies such as India, China, Africa and Brazil are projected to show their presence in the market over the next seven years.

Key industry participants are coming up with innovative techniques to cater to the existing hindrances in the market. Major industry participants in the thin film PV – advanced technologies market include Kaneka Corporation, Unisolar, First Solar, Bosh Solar, Kyocera Corporation, Mitsubishi Electric Corporation, Panasonic Corporation ReneSola Co. Ltd., Jinko Solar, Yingli Green Treena Solar, Kaneka corporation, Sharp Corporation, JA Solar Co. Ltd. and Suntech Power Holdings Co. Ltd. In due course, global thin film photovoltaics –advanced technologies market is expected to outshine the dominating conventional solar photovoltaic technology. This will enable the long coveted objective of grid parity.

Cupferron Market Overview by Trend, Challenges, Drivers and Applications

Ammonium salt N-nitroso-N-phenylhydroxyamine (NPHA) derives cupferron which is made up of four electrons which are consumed in alkaline and six electrons in acidic media for its electro reduction. The entire process undergoes extensive protonation. Polarogram of cupferron can occur only at the starting stages of protonation and nevertheless the kinetic data reveals the data pertaining to reduction of some analogous substances or probable intermediates. On the basis of geographic segmentation, the global Cupferron market spans North America, Latin America, Europe, Asia-Pacific, Middle-East & Africa.

Cupferron is a reasonably anticipated to be a human carcinogenic and oral exposure to cupferron causes tumors at different tissue sites in mice and rats. Human consumption of cupferron causes blood-vessel cancer and also causes cancer of the skin of the ear.

Clinically, cupferron is an analytical reagent that combines with metal ions and is used to segregate and precipitate metals such as copper, iron, thorium and vanadium. It is used to separate tin from zinc and to separate copper and iron from other metals. In some analytical laboratories, cupferron is a reagent used for quantitative determination of vanadates and titanium.

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Cupferron is a biologically active compound and known to display carcinogenic, genotoxic, mutagenic and DNA damaging effects. The key driving factors responsible for the growth of cupferron market includes growth in R&D and polymerization activities. Additionally, the growing need for safety products such as fire extinguisher, dry powder, foam, sand, carbon dioxide and water mist.

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APAC regions such as China and Japan dominate the global cupferron market in terms of business. APAC market is anticipated to grow at a higher CAGR during the forecast period. North American market is anticipated to grow at a moderate CAGR for the forecast period owing to low R&D activities. Middle-East and African markets are anticipated to grow at a low CAGR during the forecast period.

The key players in the global cupferron market include Shanghai Yongzeng Chemical Company Limited, J&K Scientific LTD, Meryer Chemical Technology Co Ltd, Alfa Aesar, TCI Development Co LTD, Energy Chemical, Beijing Ouhe Technology Co LTD, Energy Chemical, Shanghai Hanhong Scientific Co LTD, XiaoGan ShenYuan ChemPharm Co LTD, Chengdu XiYa Chemical Technology Co LTD, BEST-REAGENT, Spectrum Chemical Manufacturing Corp, Adamas Reagent Ltd, Cheng Du Micxy Chemical Co Ltd, Shanghai Aladdin Bio-Chem Technology Co LTD, Changzhou Zhongji Chemical Co LTD, Shanghai CanSpecsci Instrument Co LTD, SHANGHAI BANGCHENG CHEMICAL CO LTD.

Next Generation Network (NGN) Equipment Market Is Roaring Worldwide From 2021

The global next generation network (NGN) equipment market is anticipated to grow at a CAGR of over 11% over the forecast period. Increasing preference to rising profit margin and customer satisfaction in telecom service providers are anticipated to drive the next generation network equipment market. The concept of NGN has been initiate and designed for traditional telecom operators to become more than ISP and to operate with the customer needs driven model in order to survive the challenges.

These services have become popular among service providers for the reason such as the need to deal with customer service and retention, and integration with new IP-based frameworks. NGN provides telecom service providers with tools that would intensify customer experience and loyalty.

Depending on the type of customer, The NGN customer terminal equipment can be an end user terminal device, a gateway for a corporate network, a gateway for a home network or a gateway for a vehicle LAN. NGN customer terminal equipment will be ICT-enabled i.e. services are IT based and connectivity CT based, but with the capability to simulate or emulate the traditional telecom communication services.

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For individuals, the customer terminal equipment comprises the end user device or home device. For instance legacy terminals, SIP phones, soft-phones such as a programmed phone on a PC, IP phones with text capabilities, set top boxes, multimedia terminals, and PCs.

For an enterprise, the customer terminal equipment is a gateway which is capable of providing the services being provided today by integrated PBX and company webs separately. For instance, short number dialing, hunting list, webinar, on-line exhibition.

For home networks, the customer terminal equipment comprises the home gateway and home devices which are capable of providing the services being provided today by telephone and home webs separately, for instance short number dialing for each family member, and family news.

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Rising demand for new advanced technology for supporting services such as M2M and cloud is expected to propel the growth of the market over the forecast period. Growing number of mobile subscribers are putting further pressure on these systems; thus the network needs to be more scalable, agile, and diversified. 5G will empower new business opportunities by adopting diverse ecosystems in all dimensions.

Telecom service industry depends mostly on NGN equipment’s for providing enhanced value proposition. Telecom services providers have been investing in these equipment’s to differentiate their service offering in heavily competitive market and drive lucrative revenue growth.

Validation of telecom service subscribers through advanced identifiers and hot provisioning will be major drivers for these equipment’s owing to increasing importance of data security and privacy. Customer demand, cost reduction, and competition are the key factors driving telecom sector to evaluate their business support system-operation support system gap and increase their spending to close it.

Increasing requirement of service quality improvement, service offering expansion, and faster market time for telecom service market might shape the necessity for these systems over the forecast period. Growing adoption of convergent billing systems, rising demand for customer care services, and fast growing telecom industry are among the key factors expected to drive global next generation network equipment market.

Most crucial challenge confronting telecom operators is optimization of these processes, platforms, and systems. Difficulties in integration of legacy systems with these advanced systems and the regulatory issues may hamper market growth over the forecast period. Operations support systems offer assurance, service fulfillment, and network monitoring & design.

Business support systems can be further sub-segmented into order management, revenue management, product management, and customer management. Service assurance and service fulfillment solutions are anticipated to NGN equipment market.

Geographically, the global new generation network equipment market is segmented into North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Asia Pacific is expected to be key growth region over the forecast period owing to existence of large customer base and evolving telecom industry. Middle East & Africa and Latin America are also anticipated to witness substantial growth over the forecast period.

The key market players dominating the global market for next generation network equipment include Alcatel Lucent S.A., Huawei, Hewlett-Packard Company, Formula Telecom Solutions, AT&T Inc., Amdocs, Cisco System, Cerillion, Elitecore Technologies, and comptel, while other prominent players include ZTE, WebNMS, Tech Mahindra Limited, IBM Corporation, Oracle Corporation, OpenCloud, Mycom, Tata Consultancy Services Limited, and LohNet Systems.

Mergers, acquisitions, and strategic alliances are the key strategies by top market players to boost their service offerings. Vendors also emphasis on providing niche services and have strong support teams in order to sustain their market shares.

In 2014, Huawei, Ericsson and Nokia Siemens & Network formed a strategic alliance to offer OSS interoperability, which will help operators reduce costs. In 2013, Ericsson acquired Telcocell and Thailand-based TelOSS consulting, while Amdoc acquired Celicite to increase its product portfolio further into network software market.

Free Fall Sensor Market is Booming Worldwide from 2020 to 2024

As we all are aware, what happens in a free fall, the particular object is free of any force or control, and it falls freely. Free fall sensor market size on the basis of product spans Automatic fall detection and Manual fall detection. The procedure through which a particular object drops and descends devoid of any impulsion or hold is known as free falling. In the similar way, a free fall sensor is employed to identify the same. The sensor can be incorporated into any instrument to notify and keep a check on the free fall of that object.

It has been noted that healthcare segment occupies the largest share as far as all the applications are concerned. The sensor is also utilized as an important component of free fall detection systems particularly for senior citizens. This particular sensor can be set up in any device that has its application in sensing and identifying their accidental fall.

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Moreover, these sensors are also employed in helicopters and aircrafts to trigger and set off the emergency response teams in case of an unexpected drop in elevation. Other than that, it finds its application in elevators too to set the braking systems in motion when a sudden and unforeseen fall takes place. The prominent factor that is playing a major part in raising the market share includes rapidly increasing geriatric population. In Europe and North America, it has been noted that the count of elderly calling for help is rising considerably year by year.

Most of the healthcare institutes are providing assisted living programs, due to which wearable free fall sensors are becoming highly preferred and chosen among various sectors. The wearable also allows institutes to check the vital statistics of an individual depending upon which appropriate medication is administered. It has been noted that free fall detection systems are now days being employed to trace whether a particular person has fallen down or not.

Furthermore, an automated response system can be deployed in amalgamation with a free fall sensor for best possible results. The only factor that is turning a major hurdle in the market growth is the sky-scraping costs of setting up a free fall detection system. It may prove as a key challenge for the market growth in the future. It is said that they are not yet recognized as a component of the standard system in many of the healthcare institutes. It has been observed that automatic fall detection systems are gaining huge recognition and popularity across the world.

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Free fall sensor market size on the basis of sensing application spans Wearable, Non-wearable, and Others. Free fall sensor market size on the basis of end-user spans Home care, senior assisted living, and Others. Free fall sensor market size on the basis of geography spans North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East and Africa.

As far as the geography is concerned, North America is currently leading the free fall sensor market and it is considered as one of the prominent regions in the global market for free fall sensor, the reason being considerable investment in the field of technology and increased spending capacity of people in the region.

Other than that, factors like rising geriatric population, rise in the frequency of chronic diseases, and strong penetration of smartphones is likely to contribute in raising the market share of the region. The United States is deemed as the major contributor in the North America market. The key players operating in the free fall sensor market include MariCare Oy, Medical Guardian, MobileHelp, Bay Alarm Company, Koninklijke Philips N.V, LifeWatch, ADT, and Tunstall.

Aircraft Chemical Market is Booming Worldwide from 2020 to 2024

The global solar cell market was estimated at 182.4 GW in 2014. The rising demand for electricity coupled with the increasing consumer awareness concerning the benefits of renewable resources is anticipated to have a positive impact on the market growth. Moreover, rising infrastructural developments together with rapid growth in the industrial sector are estimated to drive demand over the forecast period.

The increasing demand for a reliable, clean and eco-friendly energy source to reduce the dependency on fossil fuels owing to their depletion is projected to propel demand for solar cells. The technological development in reducing the manufacturing cost and improving performance efficiency is expected to drive the solar cell market.

The government regulations in various economies promote the utilization of solar energy systems leading to the emergence of new opportunities in the industry. Stringent government regulations related to the reduction in environmental impact are expected to drive the market demand for renewable energy resources.

The increasing demand for PV systems for utility, commercial and residential applications owing to superior efficiency and lower initial investments, is anticipated to augment the growth of solar cell market. The market is distinguished by combination in the value chain by various companies such as SolarWorld, SunEdison, and First Solar.

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The solar cell market is segmented on the basis of product into thin film and silicon wafers. The silicon wafer market segment including monocrystalline and multicrystalline accounted for over 90.0% of the total installation capacity in 2014.

The demand for silicon wafer exceeded over 170.0 GW in 2014 of which monocrystalline silicon wafer contributed to over 57.0 GW. The high efficiencies of the product coupled with the high availability of raw material, which has lead to the dominance of silicon wafers in the market. However, shortage in raw material supply owing to decline in silicon production is expected to hamper the growth of the market over the projected period.

The demand for multicrystalline silicon cells is expected to witness the fastest growth as opposed to its counterparts at a CAGR of over 25%. The overall product cost is comparatively lower owing to simplicity in the operating technology used in production process, which in turn is expected to have a positive impact on the industry growth.

The thin film market accounted for over 10GW in 2014 in terms of volume. The thin film market is classified as CdTe, CIGS and amorphous silica based on the raw material. The increasing demand for thin film in commercial and residential applications is estimated to aid the market growth.

The combination of CIGS in construction materials including cement conceivably enables the entire structure to act as a power generation unit. The transparency and flexibility linked with these products are anticipated to have a positive impact on the market growth.

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Europe accounted for 45% of the overall installed capacity in 2014. The government regulations favoring the PV installations are projected to drive market growth in Europe. The increasing demand for solar cells in the utility and commercial sector is anticipated to augment market growth.

The decrease in PV prices is projected to explore new opportunities for crystalline silicon modules over the estimated period. In addition, advancements in technology in improving the operating efficiency of thin film solar cells are anticipated to increase its demand in commercial and residential applications.

The demand for the solar cell in North America was estimated to be over 20 GW in 2014. High PV installations owing to the rising consumer awareness towards benefits in cost associated with the renewable energy systems in the region is expected to drive market growth. However, lack of incentives and federal subsidy after 2016 is expected to witness a reduction in the installation in residential and commercial segments which is expected to hamper growth.

Competitive Market Share Insights

The major players in the solar cell market include First Solar Inc., SunPower Corporation, Indosolar Limited, Sharp Corporation, SolarWorld AG, Canadian Solar Inc., GreenBrilliance, Yingli Solar, SunEdison Inc., Tata Power Systems Limited, Borg Inc., and Trina Solar Limited.

The industry is a combination of companies integrated through different stages of the value chain particularly from raw material to module manufacturing. The companies operating individually supply the end-users either through their supply outlets (sales/distribution centers) or through distribution channels. In these cases, distributors act as connectors between end-users and companies, by providing technological assistance, aftermarket services, and logistics.

Aerospace And Defense Telemetry Market Is Burgeoning Worldwide By 2024

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Competitive Market Share Insights

Solar Cell Market is Booming Worldwide from 2020 to 2024

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Competitive Market Share Insights

Neuroprosthetics Market Will Generate About USD 4.2 billion By 2024

The market for neuroprosthetics in 2015 was estimated at USD 4.2 billion globally. This can be attributed to high prevalence rate of disorders such as severe depression, Alzheimer’s, muscle/neuromuscular junction disorder, ophthalmic, auditory, epilepsy, and Parkinson’s which will drive the growth.

Also, the increasing investments in R&D for new products and device innovation & development for effective treatment plans to be used for neurological diseases are anticipated to provide significant boost to the overall demand. The increasing preference of self-charging devices, which uses bioenergy is expected to propel demand for brain implants throughout the forecast period. Furthermore, rise in aging population susceptible to neurological diseases is presumed to be a high impact factor for increasing neural implants demand throughout the forecast period.

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The largest market share of around 50.0% was held by spinal cord stimulation segment in 2015. The dominant share can be attributed to high penetration of these devices with technological upgradations. These upgradations facilitate usage in various applications, to treat impaired autonomic, sensory, and motor functions.

Advent of technologically advanced products, that includes surgical implantable devices, featuring images, MRI, movable and automated probes, and local field potentials is predicted to provide attractive growth opportunities. Moreover, the frequent development of next-generation technologies by manufacturers, to enhance treatment interventions for restoration of impaired neurological functions, makes sacral nerve stimulators as fastest growing segment.

Type Insights

The largest market share was held by motor prosthetics followed by the cochlear prosthetics segment in 2015. The dominant share held by motor prosthetic can be attributed to increased adoption, preference for implantable devices in bladder control and brain computer interface for treatment of lateral sclerosis & paraplegic patients.

A rapid growth is seen by the auditory segment owing to the increase in usage of mid brain AMI’s and brain stem implants ABI’s by patients with impaired hearings. Cochlear implants can be used for stimulation therapy and signal processing systems, which is expected to broaden the treatment scope in the future for neural disorders.

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Traumatic brain injuries, spinal cord injuries, Parkinson’s disease, and Alzheimer’s can be treated with the use of neuroprosthetics. The neuroprosthetic devices can be broadly classified into cognitive & physiological disorders, and motor neuron abnormalities based on application. The largest application segment was found to be motor neuron disorders in 2015 owing to the increasing adoption in epilepsy and Parkinson’s along with high prevalence of the aforementioned thereby leading to a widened consumer base.

The fastest growing segment is anticipated to be cognitive disorders as a consequence of rising prevalence of severe depression and Alzheimer’s. Introduction of various technologically advanced stimulation devices which can stimulate motor controls and calculate limb trajectory to be used in paralysis treatment, is expected to further drive the market during the forecast period.

Regional Insights

The largest share of over 50.0% in terms of revenue was held by North America in 2015. The dominancy in terms of revenue can be attributed to various factors such as, private and government funding as well as supportive healthcare infrastructure. Europe is anticipated to witness an upward shift as a consequence of advent of technologically advanced products for patients with impaired hearing and increasing initiatives by the government.

The fastest growing region is predicted to be Asia Pacific owing to the untapped opportunities present in this emerging region. The shifting focus towards overall cost containment in manufacturing of implants and high awareness amongst patients are predicted to drive the growth prospects. Moreover, increasing investments by the key players for development of new manufacturing facilities is expected to provide high growth potential over the coming years for neural implants.

Competitive Insights

Various companies which offer solutions for a wide range of neurological disorders are BrainGate, Sonova, MED-EL, Nervo Corp., Retina Implant AG, St. Jude Medical Inc., and Boston Scientific Corporation. The prominent players include NeuroPace Inc, NDI Medical LLC, Medtronic Inc., Cyberonics Inc., and Cochlear Limited.

The oligopolistic nature of the market and companies help in providing technologically advanced and effective solutions including, stimulators, smart hearing devices, wireless mini microphones and advanced therapy for neurological diseases. Geographic expansion and strategic collaborations are some of the few sustainable strategies that are adopted by these players. This is predicted to keep the industry’s competitive rivalry at the highest level and drive the market throughout the forecast period.

Pharmacovigilance (PV) Market Will Reach Height of USD 10.27 billion By 2024

The global Pharmacovigilance (PV) Market size is estimated to reach USD 10.27 billion by 2025, registering at a 13.1% CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Pharmacovigilance (PV) is also termed as drug safety, is a science and activities relating to the prevention, detection, understanding, and assessment of adverse effects or other drug-related issues.

The factors that are playing a major role in the growth of pharmacovigilance market are the rising occurrence of adverse drug reactions (ADR), enhancement in development of ADR database and information system, and the rising demand from the end-users. Pharmacovigilance (PV) industry is segmented based on the clinical trial phase, service provider, type of methods, end-user, and region.

Phase IV, phase III, phase II, phase I, and pre-clinical are the clinical trial phase that could be explored in pharmacovigilance (PV) market in the forecast period. The phase IV sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall market in the years to come. Also, phase III sector is estimated to show lucrative growth in the years to come. Contract outsourcing, in-house, and other service providers could be explored in pharmacovigilance industry in the forecast period. Contract outsourcing sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall market in the years to come.

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Based on the type of method, HER mining, spontaneous reporting, cohort event monitoring, intensified ADR reporting, targeted spontaneous reporting, and others could classify pharmacovigilance market in the forecast period. Spontaneous report sector accounted for the significant market share of pharmacovigilance and is estimated to continue its dominance in the years to come. Also, the cohort event monitoring sector is estimated to grow at the fastest pace in the years to come.

The market may be categorized based on end-users like industrial, hospitals, research organizations, and others that could be explored in the forecast period. The hospitals sector accounted for the substantial market share of pharmacovigilance and is estimated to lead the overall market in the years to come. Also, the research organization sector is estimated to grow at the fastest pace in the years to come.

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Globally, North America accounted for the substantial share of pharmacovigilance industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the high investment in the development of new drugs. The United States and Canada are the major consumers of pharmacovigilance in the years to come.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of pharmacovigilance in this region.

The key players of pharmacovigilance (PV) industry are United BioSource Corporation, Accenture, Wipro Ltd., Clinquest Group B.V., BioClinica, Cognizant, PAREXEL International Corporation, Laboratory Corporation of America Holdings, TAKE Solutions Ltd., IBM Corporation, Foresight Group International AG, ArisGlobal, and iMEDGlobal. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.