Wireless Display Market Size Worth $6.3 Billion By 2025

The global wireless display market is expected to reach USD 6.3 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 11.2% during the forecast period. Wireless display solutions are mainly used for streaming and mirroring multimedia content through hardware electronic devices, software suites, managed services, and operating systems. Streaming devices include dongles, modems, adapters, and various other over-the-top (OTT) devices that use wireless connectivity technologies, such as Bluetooth, Wi-Fi, and Wi-Max.

Availability of advanced display technologies, low switching costs of consumer electronics, and changing consumer preferences are fueling the demand for consumer electronics used for streaming data. Furthermore, increasing popularity of on-demand digital multimedia content and affordability of wireless connectivity & mobility solutions are expected to boost market growth over the forecast period.

Additionally, streaming devices used in enterprise ecosystem are opening new opportunities for collaborations and interactions with various stakeholders. Different commercial sectors including retail, banking, government, healthcare, and media & entertainment are investing in visual marketing, innovative customer engagement programs, and immersive & interactive support services across the ecosystem. Thus, digital transformation involving the adoption of various display technologies in commercial applications across the globe is anticipated to augment the wireless display market over the forecast period.

Over the past few years, high-speed internet connectivity to display content wirelessly has proven to be a key performance indicator to evaluate user experience in the market. Also, technical factors including lag ratio, waiting time to access data online, and transfer & display high bit-rate content volumes are likely to stir up the demand for streaming devices over the coming years.

Moreover, government initiatives across the globe are positively influencing the implementation of evolving technologies related to wireless display solutions. For instance, Made in China 2025, U.K. Digital Strategy 2017, and Digital India, among others, propose different policies and guidelines, thus offering massive growth potential to the wireless display market.

However, incompatibility among different brands of display technologies, such as Apple- and Android-based streaming devices, is likely to challenge the growth of the wireless display market. Other factors such as availability of low-cost wired display options and insufficient awareness regarding selection of ports and cables can hamper the sales of wireless display solutions.

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https://www.grandviewresearch.com/industry-analysis/wireless-display-market-analysis-market

Further key findings from the study suggest:

Widespread availability of wireless connectivity coupled with growing smartphone penetration and increasing spending capabilities of consumers in emerging economies is benefitting the growth of the market
A few other prominent trends such as adoption of streaming devices in commercial applications and soaring need for on-demand content services are poised to boost the sales of wireless display solutions over the forecast period
The software & services segment is likely to exhibit the highest CAGR over the forecast period. This growth can be attributed to spiraling demand for low-cost solutions suitable for dynamic business environments internationally
The commercial segment is expected to expand at a CAGR of approximately 13.0% over the forecast period as technological innovations support high-quality content streaming, which is ideal for diverse applications such as communication and collaboration, interactive and support services, and marketing & advertising services
The Google Cast segment accounted for a significant share in the market in 2018. It is estimated to experience the highest CAGR over the forecast period. It’s being increasingly acknowledged for the compatibility that it offers to multiple brands across the globe at a low cost
North America accounted for the largest regional market in 2018 as most of the wireless display providers are headquartered in this region
The key industry participants include Apple Inc.; Google LLC; Marvell Semiconductor Group Ltd.; Intel Corporation; MediaTek Inc.; and Roku, Inc.
Companies focus on investing in product innovation and market expansion to withstand competition and maintain their position.

Car Rental Market Size Worth $125.4 Billion By 2025

The global car rental market size is expected to reach USD 125.4 billion by 2025, registering a CAGR of 5.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. High total cost of ownership (TCO) associated with personal vehicles and growth in the tourism industry across the globe are two main factors fueling the market.

Increasing number of smartphone users globally and rising dependency on technology for carrying out activities such as booking and paying for rental services have been vital to market growth over the years. A number of vehicle rental companies are rolling out apps to notify their customers about promotional offers, discount coupons, fare, real-time tracking, and availability. As customers demand availability of cars in minimal time, industry players are focusing on enhancing their service convenience and streamlining business processes by utilizing IoT-enabled fleet management solutions.

Industry participants compete with each other on the basis of fleet size, pricing, location flexibility, and marketing expertise. The market is highly competitive, forcing companies to shrink their profit margins in order to offer better services to customers than their competitors. High intensity of competition within the industry is also encouraging major players to acquire smaller companies in order to strengthen their position in the marketplace. Several prominent service providers have introduced their brands at affordable prices as a strategy to expand their customer base.

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https://www.grandviewresearch.com/industry-analysis/car-rental-market

Further key findings from the report suggest:

Along with reduction in fuel prices, there has been a considerable rise in number of international travelers worldwide, thereby resulting in rising demand for rental services
Rising consumer awareness regarding rental add-ons and availability of affordable solutions is compelling car rental market players to focus on enhancing their services and prioritizing customers’ convenience
Airport transport is anticipated to emerge as the largest application segment over the coming years, owing to a significant increase in number of air travelers across the globe. Numerous small companies are also entering this segment with new technologies and processes, further propelling the revenue generation prospects of the segment
‘Bleisure’ travel, which refers to a combination of a business and leisure trip, is one of the emerging and most promising trends in the travel and tourism industry. This trend is poised to propel the demand for car hiring and renting services among leisure and business travelers.

Stethoscope Market Size Worth $593.4 Million By 2027

The global stethoscope market size is anticipated to reach USD 593.4 million by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Growing prevalence of cardiovascular and respiratory disorders, and increasing geriatric population are driving the market. Increase in incidence of numerous cardiovascular and pulmonary diseases in several countries is anticipated to impact market growth over the forecast period. Stethoscope is widely used for heart auscultation (listening to the heart sound) during diagnosis of cardiac illness. It is also used to primarily examine the condition of phlegm in the respiratory tract.

Moreover, growing elderly population has increased the demand for the medical device for the primary diagnosis of numerous chronic health ailments. According to the CDC, people aged above 65 years are at a higher risk of developing several chronic diseases. In addition, the world population aged 60 years and above is expected to increase from 900 million in 2015 to 2 billion in 2050 from. This is expected to boost the market.

Furthermore, several government initiatives, the introduction of new products, and incorporation of new technologies by market players, are likely to boost the market during the forecast period. For instance, 3M has launched ‘Single-Patient Stethoscope’ to overcome the issues related to disposable stethoscopes such as, inadequate audibility and discomfort faced by healthcare professionals. The device helps in minimizing the risk of cross-contamination while enhancing patient care.

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https://www.grandviewresearch.com/industry-analysis/stethoscopes-market

Further key findings from the report suggest:

In terms of revenue, the teaching type segment dominated the market in 2019. The device is widely used for teaching/training purposes and is ideal for instructors and medical students
The electronic type segment is expected to witness the highest CAGR of 5.5% from 2020 to 2027 owing to advanced features offered by the medical device such as, electronically amplified sound quality, audio recording, and reduced background noises for improved diagnosis
North America dominated the market with the highest revenue share in 2019 owing to the presence of well-established healthcare facilities and increasing prevalence of numerous heart and lung associated diseases
In Latin America, the market is expected to witness the highest CAGR of 5.3% from 2020 to 2027 due to increasing healthcare expenditure in most of the countries in the region.

Electronic Health Records Market Size Worth $33.41 Billion By 2025

The global electronic health records market size is expected to reach USD 33.41 billion by 2025, according to a new report by Grand View Research, Inc. The government initiatives undertaken in support of EHR adoption are most likely to accentuate the market growth.

The federal government introduced Health Information Technology for Economic and Clinical Health (HITECH) Act in 2009 for promoting usage of EHR amongst healthcare providers. The program included provision of training and assistance for health information technology (IT) workers in order to set up EHRs in the hospitals.

The National Health Services (NHS), UK is planning to convert the documentation process into digitized form completely by the year 2018. In the U.S., federal government has announced financial incentives for physicians planning to adopt EHR systems. Any average physician with at least 30% of his/her patients covered with Medicare is eligible for incentives worth USD 44,000.

Many region-specific initiatives are promoting eHealth services. For instance, EUR-Lex gave eHealth action plan for 2012 – 2020, which states the strategies for deployment of eHealth services amongst European nations.

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https://www.grandviewresearch.com/industry-analysis/electronic-health-records-ehr-market

Further key findings from the report suggest:

Web-based EHR was observed to be the largest product segment owing to the fact that it can be deployed without in-house installation of complex hardware infrastructure. Moreover, web-based EHR is expected to be the fastest growing product segment in the coming years
Acute care EHR held the majority of EHR type market share at around 48% in the year 2016; whereas post-acute care EHR is likely to showcase fastest growth rate over the forecast period
The hospital use EHR segment accounted for the largest end-use share due to the excessive adoption rate among hospitals, whereas ambulatory care EHR is expected to be the fastest growing segment
As a part of the Health HITECH Act of 2009, the federal government allocated USD 27 billion for an incentive program, especially arranged for promoting adoption of EHR in hospitals and ambulatory care centers
The electronic health records market in Asia Pacific is projected to display substantial growth over the forecast period owing to various developments across major economies along with increased expenditure on healthcare IT. This regional market is expected to grow at a CAGR of 7% from 2017 to 2025
According to Healthcare Information and Management Systems Society (HIMSS) analysis adoption model for EHR, more than 2.5% of total hospitals in the Asia Pacific region crossed stage 6 of EHR implementation by the end of 2016, fueling the regional market growth
Some of the established key players in this industry include Cerner; Allscripts; McKesson Corporation; MEDITECH; Epic Systems Corporation; and NextGen Healthcare. Some of the emerging players are eClinicalWorks; Healthcare Management System; Healthland; and CureMD Healthcare; etc.

Cerebral Spinal Fluid Management Market Worth $1.4 Billion By 2022

The global cerebral spinal fluid (CSF) management market size is anticipated to reach USD 1.4 billion by 2022, according to a new report by Grand View Research, Inc. Constant evaluation of various techniques by neurosurgeons for improvement of hydrocephalus management is expected to drive growth in this market. Moreover, shunt manufacturers are engaged in the investment for the development of novel and improved shunts in order to tackle the pitfalls associated with the existing designs.

A significant increase in the geriatric population across the globe as well as a rise in the incidence of chronic CNS associated disorders such as stroke can be attributed to projected growth. Furthermore, grants for research in neuromodulation therapies in order to develop different products for the prognosis of various nervous system associated disorders are expected to boost development.

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http://www.grandviewresearch.com/industry-analysis/csf-management-market-analysis-market

Further Key Findings from the Study Suggest:

CSF management devices are expected to witness extensive competition owing to the presence of several market players operating in this segment. Rise in the number of CSF associated disorders such as trauma and stroke are anticipated to boost demand for these products in the coming years.
Cerebral spinal fluid management shunts captured the largest market share in terms of revenue generation in 2014.
These devices are most commonly used for supplementing and replacing lost drainage capacity in case of CSF leak management.
CSF drainage is anticipated to witness lucrative growth over the forecast period.
This growth can be attributed to ongoing development for enhancing the overall safety of guidance-based systems and anti-biotic impregnated catheters incorporation.
In 2014, North America accounted for the largest share with respect to revenue generation.
Factors contributive for the share include a continuous increase in the number of Americans affected by Hydrocephalus coupled with ongoing research in neuroscience.
Asia Pacific is expected to propel with the fastest CAGR owing to constantly improving the healthcare system in the region.
Moreover, the economic progress of Asia Pacific countries such as China has led to a significant transformation of neurology and neurologic practices in the country. This is one of the key drivers to propel progress in this region in the coming years.
Some of the key players operating in the cerebrospinal fluid management market include Johnson & Johnson Services, Inc; B.Braun Melsungen AG; Magstim; Elekta AB; Medtronic, Inc.; Integra LifeSciences Corporation; Phoenix Biomedical Corp.; Sophysa; Spiegelberg GmbH & Co. KG; and Beckersmith Medical, Inc.
These players are engaged in the development of novel platforms for CSF management.

Clinical Trials Market Size Worth $69.9 Billion By 2027

The global clinical trials market size is expected to reach USD 69.9 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to exhibit a CAGR of 5.1% during the forecast period. An increase in the volume and complexity of clinical trials has been witnessed lately, which plays an important role in the R&D of new drugs and other products. Also, clinical trials have become increasingly costly ventures, adding to the overall cost of developing a drug. Hence, big pharmaceuticals as well as small biotechnology firms are looking for innovative ways to improve trial outcomes and decrease trial costs.

The increasing need to develop new therapeutics for chronic diseases such as cancer, respiratory disorder, diabetes, cardiovascular disease, and others is creating immense pressure on healthcare. The global pandemic caused due to COVID-19 (coronavirus) and the increasing demand for developing a suitable treatment for the same is driving the market growth. The number of people affected by the coronavirus has reached one million, which further depicts an increasing need for therapeutics and vaccines. Currently, there are 288 therapeutics and 106 vaccines in development. Out of this, nearly 7.0% therapeutics are in Phase IV, 21.0% in Phase III, 43.0% & 13.0% in Phase II & Phase I respectively.

The pandemic has also resulted in global disruption of traditional onsite clinical trials. Hence, the regulatory bodies all over the world have launched various initiatives for fast-tracking clinical trials for the development of innovative solutions. One such instance is Solidarity, an international clinical trial launched by the World Health Organization (WHO) to find effective treatment against COVID-19.

Though COVID-19 is forcing many medical device & drug developers to revise the approach they prepare for these types of crises, integrating best practices within clinical trial procedures and adapting to virtual trials can support continuous development of therapeutics even in the presence of this pandemic.

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https://www.grandviewresearch.com/industry-analysis/global-clinical-trials-market

Further key findings from the study suggest:

Phase III clinical trials dominated the market with a revenue share of 53.0% in 2019. This is attributed to the complexity level associated with this phase
Interventional design segment accounted for the largest market share of 45.6% in 2019 in the study design segment owing to the increasing demand for the intervention for clinical trials by researchers
North America held 51.2% of market share in 2019. Favorable government initiatives and presence of large numbers of players in U.S. offerings advanced services are responsible for the growth
Asia Pacific is expected to expand at the fastest CAGR of 6.1% over the forecast period owing to the increasing patient pool and cost efficient services

Eye Tracking Market Size Worth $1.75 Billion By 2025

The global eye tracking market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 26.3% CAGR during the forecast period. Vision capturing systems are used to determine duration and exact location of a user’s visual attention.

These systems include recording pupil movement, determining fixation point and duration, processing data and images, and filtering relevant data using software algorithms. The filtered data can be analyzed and used for various applications in automotive, consumer electronics, healthcare, and retail industries.

Eye movement detection is one of the most important features being integrated into VR headsets. In July 2016, Fove, Inc. launched its eye-tracking VR headset capable of directly integrating eye-tracking sensors into the headset in order to monitor a user’s gaze. In future, vision tracing is anticipated to enable foveated rendering, a technology that devotes most of the computer’s graphics to what the user is viewing while keeping other content at low quality.

Vision tracking technology finds application in the healthcare and biomedical sectors. For instance, vision capturing sensors aid in detecting head trauma. However, in recent years, sight tracing is increasingly being used in automotive and consumer electronics applications as well.

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https://www.grandviewresearch.com/industry-analysis/eye-tracking-market

Further key findings from the report suggest:

By type, the optical tracking segment is expected to witness a CAGR of over 24.0% during the forecast period and account for the largest revenue share by 2025. Eye attached tracking was the second largest segment in 2017
On the basis of application, the healthcare segment is projected to account for around 24% of the total revenue generated by 2025
The North American region accounted for the largest revenue share in 2017 and is anticipated to continue dominating the market over the forecast period
The key players in the eye tracking market include Tobii AB, Seeing Machines, and SR Research Ltd.

Automotive Vehicle-to-Everything Market Worth $26.72 Billion By 2025

The global automotive vehicle-to-everything (V2X) market is expected to reach USD 26.72 billion by 2025 according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transitions, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.

There are numerous benefits for the implementation of V2X communication systems, however, they are surrounded by challenges. The main challenge for the automotive V2X market to grow is the need for a robust legal framework. Another important challenge is to build a secure system that ensures privacy, authenticity, and security for all types of V2X communication.

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http://www.grandviewresearch.com/industry-analysis/automotive-vehicle-to-everything-v2x-market

Further key findings from the report suggest:

Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G, and V2I communication type market
With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about data security, anonymity, and privacy maintained.
Synchronized real-time data will be a key factor in determining the growth of the automotive V2X market.
The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024.
Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others.
The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage.

Electric Power Distribution Automation Systems Market Worth $23.7 Billion By 2025

The global electric power distribution automation systems market is expected to reach USD 23.7 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in the adoption of smart grids & funding initiatives is projected to spur the demand for distribution automation systems. The growing investments in transmission & distribution are expected to remain a key driver.

an abstract representation of solving problems using artificial intelligence to increase reliability and reduce losses and accidents during the transmission of electrical energy

The global electric power distribution automation systems market is anticipated to witness high growth over the forecast period, owing to the replacement of aging infrastructure across the globe. The emergence of smart cities is expected to further catapult the automation products market growth over the next nine years.

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https://www.grandviewresearch.com/industry-analysis/electric-power-distribution-automation-systems-market

Further key findings from the study suggest:

The implementation of automation systems in substation automation is projected to exhibit a significant growth at a CAGR exceeding 6% from 2016 to 2025 as the energy and power utilities are extremely focused on minimizing distribution and transmission losses, which has resulted in the increasing deployment of substation automation.
The industrial application segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 6%, which is accredited to the rising need for installing distribution automation systems by utilities across the globe.
Asia Pacific emerged as the fastest-growing market and is expected to witness a healthy CAGR of over 7%. The need to replace old transmission and distribution power infrastructure is driving the demand for electricity utilities across the Asia Pacific to strengthen its power infrastructure.
The key purveyors in this industry comprise ABB Ltd., Eaton Corporation, General Electric, Itron, Inc., Schneider Electric, and Siemens AG, among others.

Laser Cutting Machines Market Size Worth $6.72 Billion By 2024

The global laser cutting machines market size is expected to reach USD 6.72 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of fiber, CO2 and Yttrium Aluminum Garnet (YAG) lasers in the cutting applications such as consumer electronics and industrial sectors is expected to augment the demand for the market.

Consumer electronics is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding, and engraving. Moreover, the need for high power input and efficiency-based cutters are driving the demand for laser cutting machines over the forecast period.

Developments of novel process lasers to optimize the production of customized three-dimensional glass components and a shift from conventional semiconductor lasers to quantum cascade lasers are expected to increase the demand for these machines. Continuous technological advancements in the laser technology are enabling manufacturers to invest in research and development to gain a competitive advantage. Moreover, the end-use industry is replacing the conventional cutting technology with laser cutting owing to the demand for high-speed cutting and drilling.

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https://www.grandviewresearch.com/industry-analysis/laser-cutting-machine-market

Further key findings from the study suggest:

Gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading, and laser printing.
The fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing a virtually oxide-free cutting edge suitable for thin sheets cutting.
The industrial sector is expected to dominate the market over the forecast period. The growing trend of automation in the manufacturing process is increasing the demand for laser cutting machines. These machines precisely cut parts and patterns at high speeds with consistent results.
The Asia Pacific laser cutting machines industry is expected to remain the largest market owing to the rising GDP and rapid expansion of the regional manufacturing sector. Moreover, the regional growth is strong in industries that use laser cutting to produce semiconductors, consumer electronics, and automotive components. As these sectors are expanding, the need for laser cutting machines in this region is also increasing.
Key players in the laser cutting machines market include Trumpf Laser GmbH + Co. KG, IPG Photonics Corporation, Coherent Inc., and Rofin-Sinar Technologies Inc. The market is highly competitive owing to the presence of numerous manufacturers’ incorporating innovative technologies to offer product differentiation.