Latest Market Trends

Intelligent Transportation System (ITS) Market Will Accomplish Outstanding USD 66.5 Billion Figure By 2024

“Rising awareness of road safety and need to improve existing transportation performance are expected to be the key driving factor for market growth. High traffic congestion due to urbanization and increasing number of on road vehicles has contributed to the demand for advanced traffic management systems for public.”

The global Intelligent Transportation System (ITS) Market is anticipated to reach USD 66.5 billion by 2024. Rising awareness of road safety and need to improve existing transportation performance are expected to be the key driving factor for market growth. High traffic congestion due to urbanization and increasing number of on road vehicles has contributed to the demand for advanced traffic management systems for public. Consequent need for smart automobiles with public and private partnerships is forecasted to be a major growth opportunity for the intelligent transport system market. Various initiatives to deploy advanced traffic management systems such as vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication is also expected to be witnessed as a key growth strategy.

Developed regions including North America and Europe have made the use of driver assistance system, electronic stability control (ESC) systems in commercial and passenger vehicles mandatory. Car manufacturers in both emerging and established economies are implementing these systems in their new car models to differentiate their products from the competitors. These factors are anticipated to drive the market growth in the foreseeable future. Intelligent transportation systems are expected to help improve the performance of supply chain process and yield high benefit to the organizations. Users can also reduce the costs through real-time transportation systems. On account of the above factors, transportation service providers have increased investment in this technology over the past few years.

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Investment across the intelligent transport system is expected to increase on account of high benefit cost ratio that strongly influences vehicle owners and government authorities to invest in this technology that includes vehicle to Infrastructure (V2I) communication, Vehicle to Vehicle (V2V) communication, mobility application and environment application. However, slow growth in infrastructure sector can act as a challenge to the market. Interoperability and standardization pose a major challenge for the market growth. Development of connection assurance systems is expected to be the top agenda of various nations. Achieving interoperability ensures that transport systems are not simply interconnected but that the boundaries between different networks are effective. Technical interoperability is achieved when different transport systems are linked in ways which effectively extend the network of services. Technical interoperability requires the various systems of physical infrastructure in different transport systems to interface efficiently. High cost of these systems can also be attributed as a major restraint to the market growth.

On the basis of product, intelligent transportation system can be segmented into Advanced Transportation Management Systems (ATMS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS) and Advanced Traveler Information Systems (ATIS). ATMS is expected to be the largest market product segment since it provides enhanced management services which help in alleviation traffic congestion, pollution and also increases the efficiency of transportation operations. These systems are coupled with communications and sensors to ensure real time management. ATPS is estimated to witness high growth rate over the forecast period owing to its increased operations efficiency and overall transportation safety. These systems are widely used in automatic vehicle location systems, passenger information, and real time bus arrival notification systems.

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On the basis of applications, the intelligent transportation system can be classified into, environment protection, traffic management, public transport, freight management, automotive telematics, road safety and security, parking management and road user charging. Traffic management is expected to be the largest application segment in the market. ATMS is used in traffic management to enhance road network by reducing financial burden on regulatory authorities thereby decreasing the cost of investment in traffic congestion control. Environmental protection is anticipated to witness significant growth in the market over the forecast period owing to increase in environmental awareness coupled with various government initiatives to curb vehicle pollutant emissions.

Globally, North America is expected to have the largest market over the forecast period. Increasing demand for efficient transporting systems across various sectors including public, private and government regulations coupled with promotional activities for road safety. Asia Pacific is anticipated to witness the fastest growth owing to technological innovations that includes integrated handheld devices with sensors to enhance transportation networks. Emerging economies such as India and china are investing more in R&D and regulatory initiatives including wealth and welfare act and industrial safety that are expected to fuel the market growth in this region Major players operating in the ITS market include Thales Group, Garmin International Inc, TomTom International BV, Kapsch TrafficCom AG Q-Free ASA and Nuance Communication Inc. Other industry participants include denso corporation, savari, transcore and EFCON AG.

Key company strategies of the companies include innovation and product development with mergers and acquisitions. In addition, market players provide maintenance and construction services for large deployments of the technology. For instance, Thales group introduced employed signaling, communications and supervision solutions in railway transportation. Thales’ signaling system is based on electronic interlocking, field, Altrac ETCS level 1 as ATP train protection system, energy systems, hotbox detectors, cables and interfaces with existing signaling systems on adjacent lines.

Market Segment:

ITS Type Outlook (Revenue, USD Million, 2014 – 2024)
• ATIS
  • ATMS
  • ATPS
  • APTS
  • Cooperative vehicle system

ITS Application Outlook (Revenue, USD Million, 2014 – 2024)
  • Traffic management
  • Road safety and security
  • Freight management
  • Public transport
  • Environment protection
  • Automotive telematics
  • Parking management
  • Road user charging

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RFID in Healthcare Market Worth About USD 3.89 Billion By 2022

“Healthcare services use radio frequency identification (RFID) and real-time location systems (RTLS) to track, identify, monitor patients, locate, visitors, assets, equipment and staff. Know that, how of these technologies aid in improving safety, enhancing the quality of care, reducing financial waste, and fostering patient satisfaction.”

Global RFID in healthcare market was valued at USD 646.7 million in 2014 and is expected to reach over USD 3.89 billion over the next seven years. Key influences attributing to this rapid growth include growing occurrences of theft and loss of different medical devices which result in high losses to the pharmacies and hospitals. Healthcare services use radio frequency identification (RFID) and real-time location systems (RTLS) to track, identify, monitor patients, locate, visitors, assets, equipment and staff. Know that, how of these technologies aid in improving safety, enhancing the quality of care, reducing financial waste, and fostering patient satisfaction.

The healthcare market is majorly driven by the cheap availability of highly efficient systems and tags. Improper storage systems and careless handling in pharmaceutical stores have led to rising number of stock outs and expiration of medicines. This, in turn, may impact in loss of revenue and reputation which is anticipated to encourage better usage in the foreseeable future.

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Furthermore, one of the high impact rendering drivers for the growth of this market is the development and rising usage of Kanban systems in order to achieve lean inventory. RFID Kanban systems allow organizations to lessen their inventory value by 15-35% according to a study shown by Stanley Healthcare. In addition, with inventory reduction by 50%, the inventory replenishment expenses can be condensed down to a total expenditure of just 5% of overall. Furthermore, these changes are anticipated to cut down on the storage space by 22%. As a result, storage costs are reduced substantially subsequently decreasing energy costs as well.

Implementation of advanced Kanban systems in existing hospital inventory management and timely placement of orders to the supplier directly for requisite medical devices and medication is expected to encourage hospitals and pharmacies to incorporate these systems. RFID systems find widespread applications in the healthcare sector and have an increasing penetration in areas including infection control, injection safety, tracking prescription drugs and radiology. These systems are anticipated to improve market capitalization in coming seven years. For instance, Sanraku Hospital collaborated with BayNexusin an attempt to manage their medical equipment efficiently. Which also, to reduce time taken to inspect medical conditions, Wake Forest Baptist Medical Center integrated RFID tags on the closures of x-ray vests.

Product Insights

On the basis of product type, RFID systems and tags are segmented into two main products. In 2014, RFID systems contributed to over 55% of the overall market share. Key factors contributing to this large share includes high penetration of these devices in the market owing to better awareness levels regarding the advantages of RFID devices such as their ability to embed into existing hospital ERP software systems and reduction in overall operational costs. Systems are further categorized as pharmaceutical tracking, asset tracking, blood monitoring and patient tracking.

In 2014, the pharmaceutical segment constituted for the largest share and is projected to emerge as the dominant market leader in the next seven years. RFID tags cost approximately 4-6 cents which turn to be cost effective and may render as a high impact driver for market growth in the next seven years. Additionally, tags market is also sub divided on the basis of their end-use in varies departments including pharmaceutical tracking tags, asset tracking tags, blood monitoring tags and patient tracking tags.

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Regional Insights

Asia-Pacific, North America, Latin America, MEA and Europe are key regional markets. In 2014, North America was the dominant market player which captured over 50% of the overall share. Key factors accrediting to its large share include the existence of developed healthcare infrastructure together with high awareness levels about the advantages of these systems.

Further, in November 2013, U.S. president entered into a contract with The Drug Quality and Security Act (DQSA) that outlines essential steps to form an interoperable and electronic system that could trace and ascertain prescription drugs while they are distributed in the United States. The usage of RFID tags and systems in the U.S. is expected to rise owing to the emergence of aforementioned steps over the forecast period.

However, Asia Pacific is projected to grow at a rapid over the forecast period. New multinational hospital chains, continuously improving healthcare infrastructure and favourable government initiatives in the region will considerably propel growth in Asia Pacific market.

Market Share Insights

Key performers functioning in the industry include Terson Solutions, Log Tag, Solstice Medical LLC, Mobile Aspects Inc, Logi Tag, Wave Mark, Hurst Green Plastics Ltd., Pepperl+Fuchs, Tagsys RFID Group, Metra Tec GmbH, Wurth Group, Bollhoff Group, Stanley Innerspace, Brooks Automation, Grifols and Datelka.

Market Segment:

RFID in Healthcare Product Outlook (Revenue, USD Million, 2014 – 2022)
• Systems
• Asset Tracking Systems
• Pharmaceutical Tracking Systems
• Patient Tracking Systems
• Blood Monitoring Systems
  • Tags
  • Asset Tracking Tags
  • Pharmaceutical Tracking Tags
  • Patient Tracking Tags
• Blood Monitoring Tags

RFID in Healthcare Regional Outlook (Revenue, USD Million, 2014 – 2022)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • China
  • Japan
• India
  • Latin America
• Brazil
• Mexico
  • MEA
• South Africa

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Global Medical Oxygen Concentrators Market Rising Worldwide

Medical oxygen concentrator is designed for the supply of enriched oxygen gas from a gas supply.

Global Medical Oxygen Concentrator market is expected to witness a high growth on account of its increasing incidences of asthma and respiratory diseases. Medical oxygen concentrator is designed for the supply of enriched oxygen gas from a gas supply. These products were invented in the early 1970’s and have revolutionized medical treatments of chronic and acute patients. These devices use pressure swing absorption technology used to separate some gas species from a mixture of gasses. Health care applications of this concentrator are the major factor driving the overall market demand. These devices are useful in providing oxygen supply to critical patients suffering from respiratory disorders. As per the Centers for Disease control and Prevention, in 2013, around 22 million people suffered from asthma in the U.S. This device usage in the treatment of asthma patients is expected to drive the market over the forecast period.

Home medical therapy is another factor that drives the market demand is expected to propel the growth in near future. Recent trends have shown that there has been a significant growth household medical therapy. Rising incidences of respiratory and cardio vascular diseases coupled with the aging population drive the usage of oxygen concentrators at patients home. This has given rise to portable concentrators which allow patients to carry their movements. Increasing application in commercial aircrafts has been driving the market demand in recent years. In 2014, The Federal aviation administration, the U.S approved around 20 models and brands of portable oxygen concentrators which can be used during air travel emergency.

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Medical applications in the defense sector are anticipated to provide bright prospects for the overall industry growth. Portable oxygen concentrator devices are used by the military during disasters and relief activities for the treatment of victims especially at high altitudes or places where the oxygen concentration is low. It is even used in military aircraft at high altitudes to supply the aircrew with oxygen. Portable oxygen concentrators provide huge opportunities for the overall market growth. These devices are compact in size and low in cost. These devices can be easily fitted inside a passenger vehicle using a vehicle DC adapter. The competition in the field of portable oxygen concentrators is expected to propel the innovation and reduction in product price.

Market segmentation is done on the basis of end use which includes its usage in hospitals, homecare, aircrafts and military. Application in hospitals accounts for maximum segment share especially in North America owing to improved medical facilities. North America has been the leading market in recent years in terms of demand and is expected to continue its dominance owing to developed health care sector and increasing government initiatives for sophisticated medical devices.

Further, regional demand is followed by Asia Pacific mainly on account of increasing incidences of asthma and respiratory diseases incidences. Emerging economies including India and Malaysia is expected to provide bright opportunities on account of increasing privatization in healthcare. Europe is expected to show a steady growth over the forecast period owing to government initiatives. Central and South America is anticipated to witness a substantial growth mainly due to medical tourism in countries including Mexico, Brazil, Cuba and Ecuador. Africa is expected to witness a slow growth owing to developing healthcare sector.

Major players operating in the market are GE healthcare, Philips, and Siemens. Other market players include Smiths medical, Tejjin limited, Airsep Corporation, Invacare corporation. OSI systems, Inova labs, Vygon, Oxlife and O2concepts.

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Market Segmentation

Global Medical Oxygen Concentrators Product Outlook (Revenue, USD Million, 2012 – 2022)
• Portable oxygen concentrators
• Fixed oxygen concentrators

Global Medical Oxygen Concentrators Application Outlook (Revenue, USD Million, 2012 – 2022)
• Home care
• Non home care

Global Medical Oxygen Concentrators Technology Outlook (Revenue, USD Million, 2012 – 2022)
• Continuous flow
• Pulse dose

Medical Oxygen Concentrators Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
• U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • China
  • Japan
  • MEA
  • South Africa
• Latin America
• Brazil

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Global Connected Retail Market to Witness Huge Growth By 2025

“Technological advancements coupled with increasing numbers of IoT that is Internet of Things applications across the retail sector are estimated to drive the growth for the connected retail market.”

Global Connected Retail market size was estimated at USD 11.17 billion in 2014. Technological advancements coupled with increasing numbers of IoT that is Internet of Things applications across the retail sector are estimated to drive the growth for the connected retail market. The industry has progressed significantly in the recent past due to numerous new technological advancements. Internet of things is the concept principally for connecting any device such as coffee makers, washing machines, wearable devices, cell phones, headphones, lamps, and several other things with an on & off switch for the internet connection. The technology is expected to generate opportunities in retail sector by providing advance fraud & theft prevention solutions and inventory management. Moreover, it offers solutions to improve communication between customers and retailers.

BLE that is Bluetooth Low Energy segment is estimated to witness positive growth in the near future due to a surge in installation and technology usage. Bluetooth low energy transmits less data for smaller distances and uses less power compared to Bluetooth. The marketing & retail payments verticals are more and more using BLE technology which is leading to customer loyalty, improved sales, and acquisition. BLE has increased customer engagement & marketing, in its application increasing contactless payments easier. Rapid drop in the components costs such as RFID sensors and tags has positive Impact on the industry growth. Declining RFID cost has increased the demand for RFID components across the retail segment to curtail fraud and theft. Issues pertaining to privacy & security and lack of standards related to IoT are estimated to hamper industry growth over the next eight year period.

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Hardware segment ruled the connected retail market in the recent past. The segment had over 60% of the total market revenue share in 2015, due to the increase in connected devices proliferation at consumer & retailer levels. Furthermore, hardware growth is enhanced by IoT including communication chips and sensors. RFID amongst hardware components is projected to grow at over 23% CAGR. Increase in RFID components adoption in retail owing several advantages they offer which include monitoring customer behavior, preventing theft & fraud, inventory management, and preventing loss. NFC technology is estimated to witness growth at a 22%CAGR due to increasing in cashless payments adaption in the industry. It has several advantageous properties such as security, versatility, and ease-of-use.

Software segment is estimated to witness the positive growth with more than 24% CAGR over the eight year period. Software segment is booming due to increase in number of IoT applications throughout the industry. Retailers are more and more adopting IoT to have more customers’ interaction and gain competitive advantage. Managed services sector is accounting for more than 40% in 2015, thus is estimated to witness positive growth over the forecast period. It reduces the repeated in-house IT costs and enhances the efficiency. It includes outsourcing the production support activities, support maintenance and lifecycle management activities among several others. As IoT in retail is gaining rapid adaption, retailers are continuously facing data safety threats. Thus, to manage the increasing data base, security, service providers invest heavily for disaster recovery and data protection solutions.

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The services for remote management devices are expected to grow at over 24%CAGR due to rapid growing remote devices adaptation at workplace. This service provides security as it gives secure data access and thus prevents data misuse. North America is expected to dominate the connected retail market at global basis accounting for over 35% revenue share in 2015. Companies from this region, especially U.S. are investing heavily in IoT infrastructure, thus is estimated to drive the regional market growth over the next eight years.

Asia Pacific region is projected to be a booming regional market and is estimated to grow at 25% CAGR over the eight year period. Developing region in Asia Pacific such as India and China are expected to witness huge growth due to the increase in adoption of IoT. Key market players include Microsoft Corporation, Zebra Technologies Corporation, SAP AG, PTC, Inc., IBM, Cisco Systems, Inc., Softweb Solutions, Inc, NXP Semiconductors N.V., Intel Corporation, Google, ARM Holdings PLC and Atmel Corporation. Vendors are implementing strategies such as product innovation & differentiation by investing in research and development processes to gain advantage over its other competitors.

Market Segment:

Connected Retail Solution Outlook (Revenue, USD Million, 2012 – 2022)
• Hardware
• Software

Connected Retail Technology Outlook (Revenue, USD Million, 2012 – 2022)
  • ZigBee
  • Wi-Fi
  • Bluetooth LE
  • NFC
  • Others

Connected Retail Service Outlook (Revenue, USD Million, 2012 – 2022)
  • Managed service
  • Professional service
  • Remote device management service

Connected Retail Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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Breast Implants Market Projected To Reach Attain Height of USD 2.0 Billion By 2025

“Breast implant is an artificial prosthesis made up of a silicone outer shell filled with saline and silicone gel. The breast implant procedure involves reconstruction to improve symmetry after mastectomy or other damages to the breast or enlarging the breasts for cosmetic reasons.”

The global Breast implants market size was valued at USD 1.2 billion in 2016 and is expected to reach USD 2.0 billion by 2025. According to a FDA about 5-10 million women around the globe have opted for breast implants. Breast implant is an artificial prosthesis made up of a silicone outer shell filled with saline and silicone gel. The breast implant procedure involves reconstruction to improve symmetry after mastectomy or other damages to the breast or enlarging the breasts for cosmetic reasons.

Breast reconstruction requires tissue expanders, which helps in the expansion of breast muscles and skin, following by the permanent insertion of a breast implant after the removal of the tissue expander. The breast implant procedure is performed on an outpatient basis and takes about one to two hours. Women with poor health or severe chronic disease are not considered fit for breast augmentation. Changing lifestyle of people has triggered the demand for cosmetic procedures are projected to boost the growth of breast implant market over the forecast period. In addition, with the introduction of technological advancements such as hyaluronic acid facial filler and two forms stable silicone gel breast implants along with increasing expenditure among consumers pertinent to aesthetic procedures is expected to boost demand for breast implants.

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Breast augmentation is used to increase size and improve shape and symmetry of the breasts. However, the limitation of the soft tissue to cover the implants is a key issue. Composite breast implants are useful in such cases. Majority of the women who opt for breast augmentation simply want to balance their upper and lower trunk. Most of the women prefer a rounder and fuller look on top. Adoption of composite breast implants is expected to drive the growth of breast implant market globally during the forecast period. The market is expected to witness substantial growth due to an increase in disposable income of women. With increase in disposable income, more and more women have opted for cosmetic surgeries to improve their appearance and look young. However, the side effects of breast implants are expected to hinder market growth over the forecast period.

The market growth is relatively slow in developing countries. However, the market in Asia is expected to witness an increase in its market share over the forecast period owing to substantial increase in disposable income of people in the region along with rising consumer awareness among people of the region of availability of scientific methods to improve looks.

The global Breast implant industry report is a professional and in depth study on the current state of the global Breast Industry. The report offers an overview about the classification, definition, industry chain structure and applications. The analysis of the Breast implant industry is provided by looking at the trends of industry. Development policies and plans are also discussed and manufacturing processes and cost structures analyzed. Breast implant industry export/import consumption, demand & supply figures, cost price and production value gross margins are also provided. The report also talks about the various factors driving the growth for the industry.

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The report also focuses on key players of the industry players providing information such as capacity production, product picture & specification, price, cost, contact information and production value. Downstream raw materials and equipment and upstream demand analysis is also carried out. Breast implant industry development marketing channels and trends are also analyzed. Finally, the viability of new investment projects is assessed and overall research conclusions offered.

Some of the key questions answered by the report are market size and its growth rate. It talks about the key market trends and major growth driving forces of the industry. The report also talks about the key challenges faced by the industry. Some of the major players in this industry are Allergan, Arion Laboratories, CereplasIdeal Implant, Establishment Labs, GC Aesthetics, Groupesebbin, Guangzhou Wanhe Plastic Materials, Hans Biomed, Mentor Worldwide, PolytechHealth & Aesthetics, Sientra and Silimed.

Market Segment:

Breast Implants Product Outlook (Revenue, USD Million, 2014 – 2025)
• Silicone Breast Implants
• Saline Breast Implants

Breast Implants Shape Outlook (Revenue, USD Million, 2014 – 2025)
• Round
• Anatomical

Breast Implants Application Outlook (Revenue, USD Million, 2014 – 2025)
• Reconstructive Surgery
• Cosmetic Surgery

Breast Implants End-Use Outlook (Revenue, USD Million, 2014 – 2025)
  • Hospitals
  • Cosmetology Clinics
  • Ambulatory Surgical Centers

Breast Implants Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
• U.S.
• Canada
  • Europe
• Germany
• UK
  • Asia Pacific
• Japan
• China
• India
  • Latin America
• Brazil
• Mexico
  • MEA
• South Africa

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Global Amines Market is Booming Worldwide from 2020 to 2024

“Amines market is expected to witness significant growth over the forecast period owing to increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water treatment.”

The global Amines market size was estimated at USD 14.4 billion in 2016 and is anticipated to reach USD 29.3 billion by 2025. Amines market is expected to witness significant growth over the forecast period owing to increasing application scope in personal care products, crop protection, paint & coatings, surfactants and water treatment. Rising need for yield improvement among farmers coupled with growing agricultural industry demand for fertilizers is projected to fuel the market growth over the next eight years. India and China are anticipated to act as important countries to drive the growth primarily due to the rising end user industry demand for amines as a raw material in manufacturing azo dyes and as an ingredient for making drugs in pharmaceutical industry.

Amine growing demand for gas treatment to remove hydrogen sulfide (H2S), and carbon dioxide (CO2) from refinery process streams is also expected to bolster the market growth by 2024. Furthermore, improving infrastructure growth in BRICS countries, and rising demand for heavy duty laundry liquids are anticipated to propel the market demand over the forecast period. In addition, increasing cosmetic products demand in developing markets of India and China coupled with growing personal care industry in Germany is likely to boost the amines market over the next eight years. However, the increasing volatility in crude oil prices has impacted the amines prices resulting in the rising demand for bio based molecules, thus challenging the amines market growth by 2024. Henceforth, companies are projected to focus in technological advancements through R&D efforts that would decrease the amines prices and could potentially reduce the demand supply gap over the next eight years. Automobile production growth in Malaysia, China, Mexico and Indonesia is another important factor anticipated to propel the application of paints and coatings, thus boosting the amines market over the next eight years.

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Product Insights

Amines comprises of various products such as chlorpromazine, amitriptyline, imipramine, lofepramine, clomipramine, and ethanolamine which are used to relieve allergic disorder, anxiety, excitement, mental disorder, and restlessness. It constitutes few other products such as desipramine, nortriptyline, and amoxapine that are considered very significant tricyclic anti-depressants. The aforementioned products application in pharmaceutical industry is anticipated to fuel the market growth over the forecast period. Ethanolamine is projected to account for more than 50% market share by 2024 primarily owing to its rising use as a corrosion inhibitor in matching fluids, lubricants, and cooling systems for automotive & marine industrial applications. It is also used as a cleaning agent in the form of triethanolamine and monoethanolamine thus anticipating the market growth to propel by 2024

Application Insights

Crop protection is the key amine application in the agricultural industry that is expected to drive the market growth over the forecast period. The market also has various applications in pharmaceutical industry in making medicines. However, the increasing applications of bio-based products and rising stringent environmental regulations regarding water pollution are projected to challenge the amines market by 2024. Growing amine application in FMCG industry is also anticipated to bolster the market growth over the forecast period.

Regional Insights

Asia-Pacific is projected to witness fastest growth over the forecast period owing to growing demand from agricultural industry, rising economic development, and increasing R&D endeavors in producing quality amines. India, China, Indonesia, and Malaysia are anticipated to account for major market share in the region primarily due to growing government initiatives for sustainable development. North America and Europe are expected to see considerable growth over the next eight years owing to growing demand for amines in end-use industries and rising awareness of its varied applications. Particularly the US, Germany, France, the UK, and Italy are projected to account for highest growth in the region primarily due to growing of personal care and healthcare products.

Competitive Insights

Major players in the amine market include AkzoNobel, BASF, Clariant, and Dow Chemicals. New opportunities arising from Indian government’s PCPIR policy for promoting chemicals and petrochemicals production is also anticipated to propel growth by 2024.

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Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
• Ethanolamine
  • Fatty Amines
  • Alkylamines
  • Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
  • Crop Protection
  • Surfactants
  • Water treatment
  • Personal care
  • Gas Treatment
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
  • North America
• U.S
• Mexico
• Canada
  • Europe
• Germany
• U.K
  • Asia Pacific
• China
   • Japan
  • Central & South America
• Brazil
  • Middle East & Africa

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Atherectomy Devices Market Worth About USD 894.69 million By 2025

The global Atherectomy Devices market size was valued at USD 488.04 million in 2016 and is anticipated to reach USD 894.69 million by 2025, with CAGR of 6.97% over the forecast period.

The global Atherectomy Devices market size was valued at USD 488.04 million in 2016 and is anticipated to reach USD 894.69 million by 2025, with CAGR of 6.97% over the forecast period. Increase in prevalence of Peripheral artery disease (PAD) and Deep vein thrombosis (DVT) is expected to drive the market growth over the forecast period. Increase in aging population in the US and in economically developed countries resulting in high requirement of medical devices for chronic illness. This is expected to escalate the market growth of Atherectomy devices. Major factors such as rising life expectancy declining fertility rates play a major role in market growth in the foreseeable future.

Change in lifestyle trends and eating habits increase Consumption of cholesterol and fatty foods among individuals and lack of exercise which has been a major reason for coronary artery disease and high risk of heart attacks. Depending on the severity of the health issue atherectomy devices are used in the surgery by the doctors. Diabetes, high blood pressure, obesity and smoking causes the blood arteries to marrow and limit the blood supply to the heart. It is estimated that 382 billion people throughout the world have diabetes. Environmental factors such as foods, viruses, toxins and unbalanced work life play a role in development of diabetes. Growing number of patients with these vascular diseases are expected to proliferate the demand for atherectomy devices.

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Adopting advanced technology by using laser, ultraviolet radiation and recombinant issue technology and 3D image generation provides a better scope for the market. Added benefits such as minimal incisions, higher surgical restoration rate, low postoperative complications increase more patients opting for atherectomy devices. New technological advancements and the recent FDA approval of Two drug coated balloons are increasing atherectomy procedural volume and driving growth in the demand for atherectomy devices.

Recalls of medical devices has been a major issue in pharmaceutical industry. Every device should maintain the standard quality and safety measures set by the Food and Drug Administration (FDA). All the manufacturing firms should ensure that the products are safe and do not endanger the end consumer.

Athrectomy devices face a tough competition from Catheter (Tornus) which has been developed for chronic total occlusion recanalization. However, Catheter has a lower success rate of only 77% as compared to the traditional atherectomy devices with 95%. Tornus catheter is also associated with longer procedural duration time with 144 minutes versus the atherectomy devices 115 minutes.

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Lack of product differentiation forms a major challenge in the atherectomy market. Most companies trying to enter the market find it hard to overcome the product differentiation because they require high investment and lack resources to create products that can compete with the existing ones. High cost and limited awareness in certain regions of the world act as a restraint for the market growth.

Atherectomy technique is a popular substitute for stents and angioplasty treatments. In stents and angioplasty, the deposited plaque is pushed inside the blood vessel, however in atherectomy the plaque is removed by using surgical methods. The technique has advantages over the other methods by providing increased wound healing rate

The market has been classified on the basis of its device functions such as rotational, orbital, excimer laser, excisional, directional and Jetstream atherectomy. The largest share of the market is occupied by orbital and directional atherectomy due to minimal invasive treatment, blood flow restoration, reduction in procedure time and application in more complex cases. Market players are coming with better techniques and products to meet the requirement of the consumers.

The market is segmented on the basis of geography such as North America, Europe, Asia pacific. North America is the leading player in the market followed by Europe. Peripheral artery disease affects nearly 10 million people and around 720,000 die every year due to heart attack in US making it the potential market for the devices. Higher number of surgeries are being performed in US and Europe due to better awareness among people and also availability of resources making them the leading regions in the market.

Asia pacific can be a potential market for atherectomy devices since countries such as India and china possess the largest number of cardiac patients with an annual incidence of 7 million strokes. Tobacco consumption is rapidly increasing in south Asian countries in conjunction with economic expansion increasing their risk of artery diseases.

Reduction of abdominal obesity through lifestyle measures can improve all components of the metabolic syndrome and likely delay the development of both diabetes and atherosclerosis. Beyond lifestyle intervention, optimal management of risk factors to evidence-based targets is essential.

High awareness of health problems caused due to change in lifestyle and optimal management of risk factors can improve the metabolic syndrome and likely reduce the development of both diabetes and atherosclerosis and hence reducing the demand for the atherectomy devices.

The major companies of the market include Bayer AG, Cardiovascular systems, St. Jude medical, Boston scientific corporation, Abbott laboratories, C.R Bard Inc., Volcano Corporation. The competition in this market usually depends on the technology used in manufacturing of the devices and also the pricing strategies. Medtronic’s is leading competitor in peripheral atherectomy devices. Medtronic acquired Covedian in 2015 and is expected to remain in the leading position however it will face increasing competition from cardiovascular systems Inc.

Market Segmentation

Atherectomy Devices Type Outlook (Market Revenue in USD Million, 2014 – 2025)
• Directional atherectomy devices
• Rotational atherectomy devices
• Orbital atherectomy devices
• Laser atherectomy devices

Atherectomy Devices Regional Outlook (Market Revenue in USD Million, 2014 – 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Middle East and Africa
• South Africa

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Anesthesia CO2 Absorbent Market Will Generate About USD 79.1 million By 2025 At A CAGR of 7.8% CAGR

The major factors contributing to the market growth is increasing incidence of accidents, chronic diseases, the ageing population and a high number of surgeries.

The global Anesthesia CO2 Absorbent Market size was valued at USD 43.7 million in 2015 and is expected to reach USD 79.1 million by 2022. Global anesthesia CO2 Absorbent demand is expected to grow at a high rate on account of its increasing application in medical science. The major factors contributing to the market growth is increasing incidence of accidents, chronic diseases, the ageing population and a high number of surgeries. Rising occurrences of chronic health diseases are expected to contribute to increasing demand for surgeries. This in turn is expected to contribute to growing volume of anesthesia, therefore propelling the overall market growth. Further, safety parameters and guidelines imposed the governing institutes help in driving the demand. These institutes include the CEA, CDC and Anesthesia Patient Safety Foundation.

Trends have shown that there have been an increasing number of people suffering from diseases which include neurological conditions, respiratory disorders, cardiac arrest and diabetes. These kind of incidences has resulted in surgical requirements which in turn has propelled the industry growth. As per the world health organization, approximately 8 % of the global population has been suffering from respiratory disorders. Aging population and geriatric populations has significantly contributed in driving the overall industry growth.

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Healthcare sector largely depends on government policies and initiatives. Government regulatory bodies help in establishing best practices for modern healthcare facilities. Medical institutions and manufacturing companies depend on the government in terms of financial support and best practice methods. Recent trends have shown that regulatory bodies have been supporting the healthcare for anesthesia disposables. This has fueled the anesthesia CO2 absorbent industry. Hospitals expansion and investments in modern infrastructure have helped the medical institutions in establishing grass root level medical networks. The European Investment Bank announced a financial aid of USD 150.9 million towards the establishment of Midland Metropolitan Hospital in Great Britain. This healthcare center is anticipated to provide services to patients related to trauma and accident. It aims at establishing itself as the biggest emergency department in the UK.

Segmentation is done on the basis of product used which includes Medisorb, Dragersorb, Amsorb, Litholyme and Soda Lime. The majority of the market share is being captured by Medisorb, Amsorb and Dragersorb. These products are widely used on account of their superior characteristic over the counterparts. Products including SpiraLith have been showing a steady penetration in the market in recent years. Similarly, this kind of newer formulations is expected to change the market scenario in the near future. Medisorb has been dominating the market and it is expected to continue its lead over the forecast period on account of its vast network and product goodwill. Around one-fourth of the market share is held by Medisorb. Amsorb follows the demand and has shown a tremendous increase in recent years. Amsorb plus, a product from the Amsorb segment has been manufactured to eliminate toxic products formation which includes carbon monoxide and compound A. This kind of initiative by the manufacturers offers great opportunities for the growth of Amsorb segment.

Manufacturers are continuously focusing on prevention of fatal compound formation and thereby enhancing the absorption rate during the surgical process. This is achieved through continuous evolution and new absorbent formulations. Heavy investments by the manufacturing organisations in the field of research and new product development are expected to propel the market growth in near future. The industry is segmented on the basis of geography as into North America (the U.S., Canada, and Mexico), APAC (China, Japan, and India), Europe (Germany, the U.K., and France), Middle East and Africa and Latin America. North America dominates the anesthesia CO2 absorbent industry with approximately one-third global share. The primary reason for the dominance is developed healthcare sector and supportive government initiatives. Countries including the U.S and Canada have observed increasing flow of patients on account of medical tourism. Patients from around the globe have been glowing in the U.S on account of superior medical treatment and advanced surgery techniques.

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Regional demand is followed by Asia-Pacific on account of increasing private medical institutions. Governments in emerging economies including India, China and South Korea have been focusing on improving the health care facilities to raise the human development index. Europe has been showing a steady growth mainly on account of superior health care facilities coupled with government support and awareness. South America and Africa are expected to witness a slow growth owing to poor medical facilities and lack of government initiatives. As per the CDC, approximately 50 million procedures were undertaken in 2013 which were associated with cardiology. Key players present in the anesthesia CO2 absorbent market include GmbH, GE healthcare, CareFusion, Smiths Medical, Armstrong Medical and Allied healthcare. The market has been oligopolistic where major players dominate the industry with the help of patenting. These players try to strengthen their portfolio through merger and acquisitions. CareFusion has patented products for respiratory care and anesthesiology for the purpose of single patient use.

Market Segment:

Global Anesthesia CO2 Absorbent Product Outlook (Revenue, USD Million, 2012 – 2022)
  • Soda lime
  • Medisorb
  • Dragersorb
  • Amsorb
  • Litholyme
  • Others

Anesthesia CO2 Absorbent Regional Outlook (Revenue, USD Million, 2012 – 2022)
• North America
• U.S.
• Canada
  • Europe
• UK
• Germany
• France
      • Spain
      • Italy
      • Denmark
      • Finland
      • Norway
      • Sweden
      • Belgium
      • Ireland
      • Netherlands
      • Switzerland
      • Austria
  • Asia Pacific
      • Japan
  • Latin America
      • Brazil
  • MEA
• South Africa

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Cardiovascular Information System Market Achieve Mildstone of USD 1.2 million By

Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems.

The global Cardiovascular Information System (CVIS) market was valued at USD 616.7 million in 2015 and is anticipated to reach USD 1.2 billion by 2024. Global Cardiovascular information system (CVIS) market is expected to grow in coming years owing to the increasing incidence rate of cardiovascular disorders thereby pushing the need for streamlining the cardiac care workflow systems. Factor such as growing need to integrate CVIS with CPACS and EMR and other cardiology modules is anticipated to fuel the product segment. A cardiovascular information system is a data-driven system in which research material and clinical information software along with scientific advancement data are stored. It is a patient driven informatics obtained from ECG and EKG, Haemodynamic system and echo machines coupled with inventory, business analytics, and billing mechanisms. With reducing reimbursements, healthcare providers are striving to have a cost curbing solutions such as CVIS. However, the greater emphasis on EHR implementation and initial high cost of CVIS implementation are expected to be growth impeding factor during the forecast period.

The increasing need for ease to access data in numerous healthcare institutes for the fast and effective treatment of the patients in expected to stimulate the product demand over the next seven years. The amalgamation of reports, images, measurements and waveforms into the patient’s record assists to create an information management and enterprise medical imaging solution in a proficient manner. An integrated cardiac EMR in one database offers a single point of access to the historical and current cardiac information and images, including ECG and haemodynamic data. Customizable reporting tools for the electrophysiology labs and cath, vascular and echo departments, ECG department and nuclear cardiology department make it possible for users to quickly document and analyze care practices. Workplace quality web access to report completion and procedures enables users to carry out a variety of clinical care tasks from isolated locations.

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Cardiovascular information system aims to approve an advanced level of evidence-based proficient standards in cardiac recovery. The system is an integrated haemodynamic system which is data-driven patient informatics it is capable of storing all the information related to cardiovascular disease patient. For efficient recording and reporting patient information all the information is stored in CVIS. In addition, the business operations including business analytics and making bill which are conventionally managed by the separate computer system and can also be managed and stored by undertaking the system. Further, the product is also capable of providing dynamic reporting such as measurements, images, and informatics that are structured in a template design for reliable delivery and effectiveness of patient reports. With the implementation of CVIS cardiologists have observed a noteworthy reduction in report delivery time.

CVIS market is studied with respect to three different segments such as application, delivery mode, and component. CVIS industry by application is further segmented into echocardiography lab solutions, catheterization lab solutions, vascular lab solutions and ECG data management solutions. A component segment of CVIS market is studied with respect to hardware, services, and software. CVIS market by delivery mode is further classified into a web hosted, cloud-based and on premise market. CVIS acts as a single platform, single storage solution having single point entry to physicians, cardiologist administrators regardless of users location. Clinical benefits include accessibility of patient’s clinical history to the cardiologist prior to the procedures thereby nullifying the need of doctor leaving critical ill patient’s bedside. Business benefits of CVIS allow administrators to manage statistical reporting, inventory, billing and overall workflow in a live environment.

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Higher occurrence rate of cardiovascular diseases coupled with technological advancements are helping North American market to be most mature during the forecast period. The European market is expected to follow North American market. Asia pacific CVIS market is expected to experience a lucrative growth on account of rapidly improvising healthcare infrastructure, untapped opportunity and increasing penetration. The major participants operating in the cardiovascular information system market include Philips Healthcare, GE Healthcare, Siemens, McKesson Corporation, Cerner Corporation, Fujifilm Medical Systems, Digisonics, Agfa Healthcare and Merge Healthcare.

Market Segment:

Cardiovascular information system market, by system, 2014 – 2024 (USD Million)
• CVIS
• CPACS

Cardiovascular information system market, by mode of operation, 2014 – 2024 (USD Million)
  • Web-based
  • On-site
  • Cloud-based

Cardiovascular information system market, by region, 2014 – 2024 (USD Million)
  • North America
• U.S. Cardiovascular Information System, by Systems
  • Canada Cardiovascular Information System, by Systems
  • U.S. Cardiovascular Information System, by Mode of Operation
  • Canada Cardiovascular Information System, by Mode of Operation
  • Europe
  • U.K. Cardiovascular Information System, by Systems
  • Germany Cardiovascular Information System, by Systems
  • U.K. Cardiovascular Information System, by Mode of Operation
  • Germany Cardiovascular Information System, by Mode of Operation
  • Asia Pacific
  • China Cardiovascular Information System, by Systems
  • India Cardiovascular Information System, by Systems
  • China Cardiovascular Information System, by Mode of Operation
  • India Cardiovascular Information System, by Mode of Operation
  • Latin America
  • Brazil Cardiovascular Information System, by Systems
  • Mexico Cardiovascular Information System, by Systems
  • Brazil Cardiovascular Information System, by Mode of Operation
  • Mexico Cardiovascular Information System, by Mode of Operation
  • MEA
  • South Africa Cardiovascular Information System, by Systems
  • South Africa Cardiovascular Information System, by Mode of Operation

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Facial Injectables Market Will Accomplish Outstanding USD 17.2 billion Figure By

Facial injectable is also termed as facial filler, or facial injections, or injectable fillers are the products like calcium hydroxylapatite, collagen, and hyaluronic acid that revitalize facial skin by reducing and eradicating wrinkles, enhancing lips, raising scar depressions, and altering soft-tissue volume loss through facial injections.

Global Facial Injectables Market is expected to reach USD 17.2 billion by 2025. Facial injectable is also termed as facial filler, or facial injections, or injectable fillers are the products like calcium hydroxylapatite, collagen, and hyaluronic acid that revitalize facial skin by reducing and eradicating wrinkles, enhancing lips, raising scar depressions, and altering soft-tissue volume loss through facial injections. Probably the results are temporary that lasts from few months to years. The Facial Injectable Market is estimated to grow at a significant CAGR of 11.5% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing demand from middle age populace, growing urbanization, and increasing esthetic standards are documented as major factors of Facial Injectables Market that are estimated to enhance the growth in the years to come. However, its side effects and high cost may restrain overall market growth in the coming years. Facial Injectables industry is segmented based on product type, end user, and region.

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Anti-aging/ Anti-wrinkle Injections and Dermal Fillers/Injectable Implants are the product types that could be explored in Facial Injectables in the forecast period. Anti-aging/ Anti-wrinkle Injections comprise Synthetic Fillers, Hyaluronic Acid, and Collagen Fillers. Synthetic fillers include polymethyl methacrylate microspheres, Calcium hydroxyapatite, and others. Anti-aging/ Anti-wrinkle Injections comprises Poly-L-lactic acid (PLLA) micro particles and Botulinum toxin A. The market may be categorized based on end users like Dermatology Research Institutes, Hospitals, Beauty Clinics, Dermatology Clinics, and others that could be explored in the forecast period.

There various applications like therapeutics, aesthetics, and others that could be explored in Facial Injectables in the forecast period. The aesthetics sector accounted for the substantial market share and is estimated to continue its dominance in the coming years. This may be because of rising use in procedures like wrinkles, acne scars, parentheses lines, lip border restoration, crow’s feet lines, periorbital wrinkles, marionette lines and others. Also, therapeutic sector is estimated to grow at highest CAGR in the coming years.

Globally, North America accounted for the substantial market share of Facial Injectables and is estimated to lead the overall market in the coming years. The reason behind the overall market share could be rising spending on aesthetic procedures and presence of geriatric population base in Canada and the U.S.

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Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise growing acceptance of combination treatments and growing number of medical tourists in Brazil. The developing countries like India and China are the major consumers of Facial Injectable in the region.

The key players of Facial Injectables Market are Galderma S.A., ALLERGAN, Prollenium Medical Technologies Inc., Ipsen, Anika Therapeutics, Inc., Merz Pharma, Bloomage Bio Technology Corporation Limited, Suneva Medical, Inc., Sinclair Pharma, and Medytox, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Market Segment:

Facial Injectables Product Outlook (Revenue, USD Million, 2014 – 2025)
• Collagen
  • Hyaluronic Acid (HA)
  • Botulinum Toxin Type A
  • Calcium Hydroxylapatite (CaHA)
  • Polymer Fillers
      • Polymethylmethacrylate Beads (PMMA Microspheres)
      • Poly-L-lactic acid (PLLA)

Facial Injectables Application Outlook (Revenue, USD Million, 2014 – 2025)
• Aesthetics
• Therapeutics

Facial Injectables Regional Outlook (Revenue, USD Million, 2014 – 2025)
  • North America
• U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • Asia Pacific
  • Japan
  • China
  • India
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa (MEA)
  • South Africa

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