Spinal Muscular Atrophy Treatment Market Size Worth $3.9 Billion By 2025

The global spinal muscular atrophy (SMA) treatment market size is expected to reach USD 3.9 billion by 2025, according to a new report by Grand View Research, Inc. It is estimated to register a CAGR of 12.9% during the forecast period. Due to the rare nature and complexity of these diseases, scientific knowledge pertaining to them is scarce. However, there are various initiatives undertaken to increase awareness regarding rare diseases and to support SMA communities. This is anticipated to boost market development over the coming years.

Various SMA communities and companies have collaborated for developing disease treatment therapy. For example, RG7916, which is an investigational therapy being developed by Roche in collaboration with SMA Foundation and PTC Therapeutics. Thus, heavy investments in R&D by major companies are also projected to contribute to the growth of this market. CureSMA, SMA Foundation, and SMA Europe are some of the organizations actively supporting R&D pertaining to SMA.

CureSMA provided funding to a research project to Biogen and Ionis Pharmaceuticals, Inc. for developing Spinraza, which received U.S. FDA approval in 2016. This organization has invested nearly USD 70 million in the research pertaining to SMA, which also included a planned investment of USD 5 million in the coming years.

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https://www.grandviewresearch.com/industry-analysis/spinal-muscular-atrophy-sma-treatment-market

Further key findings from the study suggest:

  • The global spinal muscular atrophy treatment market is projected to expand at a CAGR of 12.9% over the forecast period
  • Based on disease type, type 1 accounted for the largest revenue share owing to the rising incidence of type 1 SMA
  • By treatment, the drug segment accounted for the largest revenue share in 2017
  • North America will retain its lead as the largest regional market; however, Asia Pacific is anticipated to register the fastest CAGR over the forecast period
  • The market is presently led by Biogen Inc. Biogen’s Spinraza is the only approved commercialized treatment for SMA, owing to which market is not competitive. However, this trend is expected to change after the commercialization of other treatment therapies post-2020

Rigid Packaging Market Worth $848.71 Billion By 2025

The global rigid packaging market size is projected to reach USD 848.71 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% during the forecast period. Increasing demand for sustainable packaging is expected to augment the market over the forecast period.

Packaging is a process of protecting and enclosing goods for storage, distribution, and sale. Rigid packaging is a type of packing which is characterized by high stiffness, impact strength, and barrier properties. It is offered in several forms, including jars, containers, bottles, and cans.

Raw materials required for manufacturing of rigid packing include metals, paper & paperboard, glass, and plastic. Suppliers of these materials are present worldwide, making the market fragmented. Rio Tinto and Alcoa are some of the key suppliers of metals such as aluminum, while ArcelorMittal is the largest steel manufacturer in the world.

Final products are sold by distributors, retailers, and wholesalers. Major players in this stage include Packaging Supplies Ltd., Packing Suppliers of America, Paper Mart, and Packaging Centre. Some of the manufacturers have adopted integration wherein they sell the products through exclusive outlets.

Rigid packaging accounted for over 80.0% of the total packing industry in 2016. However, flexible packing offers more advantages as compared to rigid ones such as lightweight, energy savings, small pack size, ease of transportation & storage, and convenient disposal. Hence, the flexible packing market is expected to make inroads in the rigid packaging market in the coming years.

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https://www.grandviewresearch.com/industry-analysis/rigid-packaging-market

Further Key Findings from the Report Suggest:

  • In terms of materials, plastics dominated the market in 2015 and it is anticipated to witness a CAGR of 6.4% in terms of volume over the forecast period
  • Paper & paperboard is expected to register a CAGR of 7.1% in terms of revenue during the same period. Recyclability of the material has made it the most commonly used product in the industry
  • The personal care application segment is anticipated to rise at a CAGR of 6.3% in terms of revenue over the coming year due to increasing demand for personal care products
  • Asia Pacific is estimated to post a CAGR of 7.6% in terms of revenue from 2016 to 2025 due to increasing demand from China and India
  • In August 2016, Berry Plastics Group, Inc. acquired AEO Industries Inc. in the U.S. This acquisition strengthened the company’s position in the North America market.

Natural Zeolites Market Size Worth $8.01 Billion By 2025

The global natural zeolites market size is expected to reach USD 8.01 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 2.7% over the forecast period. Increasing investments in development of new infrastructure in the global construction industry are expected to propel the product demand. The usage of natural zeolites is prominent in construction materials owing to their hygroscopic qualities and the ability to balance pH. Natural zeolites are pozzolanic materials, which are used to enhance strength of the structure.

The construction industry is witnessing considerable growth not only in emerging economies but also in developed countries such as the U.S. In 2017, construction spending in U.S. was 4.5% higher than in 2016. The growth of global construction industry has led to the increased use of cement. Cement manufacturing is a major contributor to greenhouse gas emissions, and thus, natural zeolites are used in construction materials as a partial replacement for cement.

Soil remediation and water treatment applications are expected to augment growth of the natural zeolites market. Soil contamination is a major concern in the European and Asian countries. According to the European Environment Agency, Europe had approximately 2.5 million potentially contaminated land sites in 2014. Similarly, almost one-fifth of the land in China is rich in cadmium. In 2013, it was reported that rice grown in Hunan province of China was contaminated with cadmium. Also, 44% of rice samples were found to be contaminated with cadmium in Guangzhou. Owing to the increasing soil contamination, materials such as natural zeolites, are being used in soil amendment applications to improve the overall health and quality of soil and the crops.

China has been a major producer and consumer of natural zeolites on a global scale since many years. Their usage is prominent in China owing to an increase in the demand for construction materials and the requirement for soil amendment products. China is the largest cement producer in the world and has been witnessing high use of natural zeolites such as Pozzolan cement.

The growth of the natural zeolites market is affected by presence of substitutes. Both minerals and non-minerals are a threat to the market in major applications including construction materials, water treatment, and soil amendment. For example, activated carbon in water treatment and bentonite clay in soil amendment can hinder demand. Major players in the global market are increasing their production capacities by establishing new plants; joint ventures; and through acquisitions to increase their customer reach in the international markets.

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https://www.grandviewresearch.com/industry-analysis/natural-zeolites-market

Further key findings from the report suggest:

  • Construction materials is anticipated to remain the largest segment throughout the forecast period, in terms of revenue, on account of benefits such as improved strength and durability of structures obtained due to the use of natural zeolites
  • The soil remediation segment is anticipated to expand at a CAGR of 3.4% in terms of value over the forecast period due to increasing land contamination
  • In terms of volume, animal feed accounted for a share of 14.3% in 2017, owing to the increasing animal feed production in North America and South America
  • Asia Pacific is anticipated to be the leading region in the market throughout the forecast horizon, owing to rapid infrastructural developments
  • Some of the key companies operating in the natural zeolites market are KMI Zeolite, Zeocem a.s., United States Antimony Corporation, and Zeotech Corporation. They are attempting to increase their consumer base, for instance, in December 2017, Canadian Zeolite Corp. acquired Earth Innovations Inc., which has an established distribution network in Canada.

Team Collaboration Software Market Size Worth $24.2 Billion By 2027

The global team collaboration software market size is anticipated to reach USD 24.2 billion by 2027, exhibiting a CAGR of 12.7% over the forecast period, according to a new report by Grand View Research, Inc. A rising trend amongst enterprises to indulge in distributed workforce strategies and embrace the gig economy by teaming up with freelancers is expected to offer significant prospects to the market growth. The need to establish efficient and seamless operations and effective communication between team and project members is expected to offer an impetus to the demand. Furthermore, increasing spending on team chat applications is expected to rise due to the demand for collaboration and communication software among enterprises.

The transportation and logistics segment is expected to benefit significantly due to the adoption of team collaboration software. Adoption of these software in logistics enables companies to effectively manage leads, bookings, document procurement, and facilitate seamless operations in geographically distant places. Furthermore, the rising trend amongst service providers to develop mobile and tablet PC specific collaboration applications to enable the functioning of more seamless business practices in logistics and supply chain organizations in various locations is further expected to offer significant growth opportunities. Deploying such software in the logistics sector enables effective collaboration between fleet maintenance, custom officers at customs, warehouse employees, and fleet drivers, thus ensuring effective management of resources and practicing cost-saving methodologies.

Another factor that has boosted the adoption of team collaboration is the advent of 5G delivery model. Rising demands of clients and increasing remote workforce facilitate the requirement to be connected and be productive, which can be achieved by leveraging 5G technology. The provision of high-speed internet offers the ability to indulge in seamless video conferencing, superior VoIP experience, and faster data processing and transfer rates. Organizations are preparing to introduce 5G by investing in a flexible network, which can adapt to new collaboration and communications tools. The adoption of upgraded software with 5G capability is expected to trigger the market growth over the next few years.

Furthermore, the trend among enterprises to implement open-office floor plans in place of cubicles has given rise to instances of dampened productivity of employees. The need to indulge in a quick impromptu or scheduled meetings is promoting organizations to invest in huddle rooms equipped with team collaboration technologies. Huddle rooms offer privacy to user teams, thus facilitating more focused brainstorming sessions and confidential discussions. Moreover, the low cost and effort of the creation of these rooms enable large enterprises and SMEs to benefit from them, which is expected to offer significant growth prospects to the market.

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https://www.grandviewresearch.com/industry-analysis/team-collaboration-software-market

Further key findings from the study suggest:

  • The cloud-based deployment segment is expected to witness the highest CAGR of more than 17% from 2020 to 2027, owing to a more connected and efficient infrastructure
  • The conferencing segment is envisioned to witness the fastest growth owing to rising demand among corporations to facilitate seamless collaboration between remote workforce and on-site employees
  • Healthcare segment is anticipated to witness growth attributed to the rising need to gain real-time insights on patient health and monitor their health even in the absence of doctors
  • Team collaboration software is expected to witness an increased demand in Asia Pacific owing to the growing trend towards digitization of enterprises

Software Defined Radio Market Size Worth $39.6 Billion By 2027

The global software defined radio market size is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Rising demand for efficient transmission devices influences SDR applications. The commercial growth of software defined radio is driven by the re-configurability and interoperability of SDR for different applications. The Europe market is projected to grow at a significant rate, and would primarily be driven by the increasing need for data centers to fix issues pertaining to data flow. The software defined radio market is flourishing due to an increase in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players through the forecast period.

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https://www.grandviewresearch.com/industry-analysis/software-defined-radio-sdr-market

Further key findings from the report suggest:

  • Cognitive radio is projected to emerge as the fastest-growing segment over the forecast period as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
  • Software is expected to register the highest CAGR over the forecast period. This is attributed to the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
  • Ground-based SDR systems are witnessing a surge in demand owing to the implementation of ground station receiver with Single Antenna Interference Cancellation (SAIC) technique
  • UHF band frequency segment is expected to register a significant CAGR over the forecast period owing to its increasing usage in aerospace and satellite communications
  • Commercial is anticipated to emerge as the fastest-growing end use segment owing to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
  • The Asia Pacific market is anticipated to witness significant growth owing to the adoption of SDRs by government agencies for the development of communication networks such as Government Radio Network (GRN) by the Chinese government in the city of Beijing
  • The key players in the software defined radio market include Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

Electronic Soap Dispensers Market Size Worth $1.01 Billion By 2025

The global electronic soap dispenser market size is expected to reach USD 1.01 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 6.0% during the forecast period. Rising awareness about personal hygiene is projected to drive the product demand. In addition, growing adoption of smart kitchens and bathrooms is expected to further propel the demand for automatic dispensers in both residential and nonresidential sectors.

The product has been segmented by raw materials which includes plastic, steel, and other materials such as glass, ceramic, and aluminum. Plastic is the most common raw material due to its low cost. Plastic products are significantly popular in the commercial and institutional segment, as these sectors require the product in bulk. However, rapid growth of the smart bathroom and kitchen in the residential sector is expected to fuel the growth of the fancy products made of steel, which complements the steel faucets. Thus, the metal dispenser market is expected to expand with the expansion of the smart and fancy bathroom interiors.

Asia Pacific is expected witness the fastest CAGR in 2019 to 2025 due to steady growth of the construction industry. Residential construction, hotels, and educational institutes are major construction activities of this region. According to the Asia Construction Outlook, in 2015, the infrastructure sector accounted for 37% of the total construction spending, of which 34% of the infrastructure projects were residential in 2015. This significant rise in residential, hotel, and public infrastructure is anticipated to boost the demand for electronic soap dispenser in the foreseeable future.

Umbra; ORCHIDS INTERNATIONAL; simplehuman; Lovair; Toshi Automatic Systems Pvt. Ltd.; Bobrick Washroom Equipment, Inc.; ZAF ENTERPRISES; and Shenzhen City Svavo Bathroom Products Co., Ltd.

In December 2017, Sloan Valve Company, a global plumbing company partnered with GOJO Industries, Inc., a hand hygiene and skin care products manufacturer, to launch a new range of sensor-activated soap dispenser called PURELL Hand Sanitizer. This product line is designed paired with the popular faucets well suited for commercial sector including offices, airports, and schools.

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https://www.grandviewresearch.com/industry-analysis/electronic-soap-dispenser-market

Further key findings from the report suggest:

  • North America held or the largest electronic soap dispensers market share of more than 35% in 2018
  • Asia Pacific is expected expand at the fastest CAGR of 9.2% from 2019 to 2025
  • Commercial application segment held the leading market share of 50.9% in 2018
  • Plastic held the largest market share of 69.2% in the raw material segment in 2018

Sports Shoe Market Size Worth $25.3 Billion By 2025

The global sports shoes market size is expected to reach USD 25.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities across the globe.

Men’s sports shoe dominated the global market and is expected to maintain its lead over the forecast period. Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports shoe over the forecast period. Sports clubs are spreading awareness among people by conducting events at various places across the world, which will have a positive impact on the market growth. For instance, in 2017, the National Football League (NFL) had organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the offline retail channel segment dominated the market, accounting for more than 80% share of the overall revenue. Increasing penetration of retail outlets in developing countries is one of the main factors driving the segment over the forecast period. For instance, in 2018, American multinational company, New Balance Inc., opened a new retail outlet in Riyadh to expand in Middle East.

Moreover, due to increasing awareness related to health and supportive government initiatives, many multinational companies are focusing on India and China to expand their reach in the market. For instance, the Khelo India program has been introduced to revive the sports culture in India at the grassroots level by building a strong framework for all the sports played in the country and establish India as a great sporting nation. Such initiatives are expected to have a positive impact on the market growth.

Asia Pacific is expected to expand at fastest CAGR of 5.2% over the forecast period. Increasing sports participation in India and China, growing spending power of consumers, and rising health awareness in the region are expected to have a positive impact on the growth of the market. Central and South America is expected to witness significant growth owing to growing popularity of football, American Football, and rugby.

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https://www.grandviewresearch.com/industry-analysis/sports-shoes-market

Further key findings from the study suggest:

  • By gender, the kids segment is projected to expand at a CAGR of 5.0% over the forecast period
  • The offline retail channel segment dominated the global sports shoe market with an overall revenue share of 83.4% in 2018
  • The kids segment in U.S. was valued at USD 607.6 million in 2018 and is projected to witness significant growth in the next few years
  • North America was one of the prominent regional markets in 2018 and is expected to exhibit significant growth owing to increasing popularity of field sports at the national and international levels
  • The industry is highly competitive in nature due to presence of the main players including Nike, Inc.; Adidas Group; and Puma SE
  • Various manufacturers are concentrating on new product launches and product innovation to expand their consumer base.

Dump Truck Market Size Worth $72.4 Billion By 2025

The global dump trucks market size is expected to reach USD 72.4 billion by 2025 at an 8.6% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Growing construction and mining activities, increased government spending on sustainable infrastructure, and technological advancements propelling demand for advanced dump trucks are anticipated to drive the market. The demand for these vehicles is linked to rising population, urbanization, and infrastructure developments. Increasing construction and mining activities in Asia Pacific, especially in India, China, and Australia, will drive the market over the forecast period.

The use of coal and other minerals for industrial applications is likely to increase over the next decade, thereby complementing the growth of the mining industry, which is further expected to drive the market. Autonomous haul trucks have the potential to improve performance, reduce cost, and improve safety to overcome challenges at mining sites. Also, electric and advanced dump trucks are in great demand owing to global concerns over reduction of carbon emission from passenger and commercial vehicles. Therefore, governments of various countries have made it mandatory for automotive manufacturers to comply with emission standards to reduce their carbon footprint. This, along with numerous R&D activities for integration of advanced battery technologies, is likely to augment demand of electric dump trucks over the forecast period.

Such factors are pushing automotive OEMs and technology companies to develop vehicles that are cost-effective and aid in emission reduction. For instance, Komatsu America Corp. announced the launch of a 400-ton haul truck with an electric drive system. The product has significant features like enhanced productivity, high power performance, superior operating comfort, and improved safety. Additionally, it eliminates fuel consumption and hence contributes to reduction in carbon emission.

Asia Pacific accounted for the largest revenue share in 2018 owing to large-scale mining activities in the region. China being one of the largest producers of coal in the world, accounted for the majority share in the global dump truck market. Mining dump trucks are used to haul, transport, and deliver raw material from one site to the other. North America will register the highest CAGR owing to construction activities that make use of these vehicles for hauling of heavy materials, land moving, and carrying construction and demolition waste.

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https://www.grandviewresearch.com/industry-analysis/dump-trucks-market

Further key findings from the study suggest:

  • The global market is expected to develop at a CAGR of 8.6% from 2019 to 2025 and reach USD 72.4 billion by 2025. Rising construction activities due to increased investments in infrastructure will drive the market over the forecast period
  • Based on type, rear dump trucks dominated the market and the segment is expected to continue the trend over the forecast period, registering a CAGR of 7.9%
  • Asia Pacific held the largest share in the overall dump truck market and accounted for USD 28.2 billion in 2018. Increasing construction and mining activities in the region, especially in India, China, and Australia, is anticipated to drive the market through 2025
  • Key players include AB Volvo, Komatsu Ltd., Daimler AG, and Caterpillar. These companies accounted for the majority share in the overall market in 2018.

Vehicle Access Control Market Size Worth $17.3 Billion By 2025

The global vehicle access control market size is expected to reach USD 17,257.9 million by 2025, registering a CAGR of 10.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing concerns over safety and security of vehicles in developing as well as developed nations are expected to drive the demand for access control systems for vehicles over the forecast period. Vehicle access control solutions can also contribute toward efficient traffic management as they can also be used to control vehicle access across tollways, bridges, and public buildings, thereby driving the market growth.

The rising instances of car thefts all over the world are particularly necessitating the installation of vehicle access control systems. For instance, a total of 773,139 vehicles were stolen in the U.S. in 2017, which was approximately 1% higher than the previous year. Improved security features offered by the modern vehicle access control systems is particularly encouraging car owners to equip their cars with these systems.

The biometric segment is expected to witness the fastest growth owing to the ability of biometric systems to ensure a high level of security for vehicles. Biometric solutions can be based on various technologies, such as fingerprint recognition, face recognition, and iris recognition. Given that biometrics, such as fingerprints and irises, are characteristic to every individual and are unique and unrepeatable, any solution based on biometrics can provide unmatched security.

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https://www.grandviewresearch.com/industry-analysis/vehicle-access-control-market

Further key findings from the study suggest:

  • Implementation of innovative vehicle access control technologies, such as keyless entry, tracking, and fingerprint-enabled ignition switch, to enhance the driver’s experience is expected to drive the market growth
  • The tollways segment dominated the vehicle access control market in 2018 and is expected to witness healthy growth over the forecast period owing to the continued implementation of RFID systems across highways to improve the traffic management
  • The commercial buildings segment is expected to witness the fastest growth owing to the growing need to prevent unknown or unauthorized people from bringing their vehicles inside commercial buildings
  • The Asia Pacific regional market is expected to register the fastest growth over the forecast period as manufacturers in the region are trying aggressively to reduce the deployment costs so that these systems can also be featured in low- and mid-end cars
  • Key market players, such as Continental AG, Robert Bosch GmbH, Hella GmbH, Nuance Communication, Smartrac N.V., and Lear Corporation, are pursuing various strategies to strengthen their foothold in the market.

Teleradiology Market Size Worth $10.9 Billion By 2027

The global teleradiology market size is estimated to reach USD 10.9 billion by 2027 registering a CAGR of 13.9% over the forecast period, according to a new report by Grand View Research, Inc. Shortage of radiologists, coupled with continuously rising demand for imaging procedures, is expected to drive the market. Despite a significant increase in the installation of radiology equipment in countries such as the U.K., the U.S., and Singapore over the past few years, there is still a high unmet need for diagnostics imaging. For instance, as per a report by the National Health Service (NHS), the average waiting time for an MRI test in England was reported to be 21 days in 2018.

In addition, legislative amendments made by various governments worldwide for diagnostic imaging services will enhance the growth of teleradiology during the forecast period. For instance, amendments in Australia’s Health Insurance Act 1973 for diagnostic imaging have enabled Medicare funding for these diagnostic imaging services since March 2008. This has allowed better access to diagnostic imaging for various conditions. North America is a major market for teleradiology and accounted for 39.5% of the global revenue in 2019 due to factors such as greater funding for R&D, rising patient awareness levels, and growing cancer prevalence.

The regional market is likely to expand further on account of favorable government initiatives for improving the healthcare facilities in rural areas and increased healthcare expenditure. Asia Pacific is expected to witness the fastest growth over the forecast period, exhibiting a CAGR of 14.9%. The rising demand for innovative and advanced medical platforms, coupled with rapidly growing healthcare infrastructure, supports the growth in this region. In addition, the presence of target population and the need for improved disease diagnosis are anticipated to drive the demand for teleradiology equipment in APAC.

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

Further key findings from the report suggest:

  • X-ray held the largest teleradiology market share in 2019 owing to its wide application scope, such as in the detection of dental injuries and fractures in bones. Growing demand for bedside imaging and core diagnostics and the introduction of novel technologies are expected to further boost segment growth
  • CT scan is expected to witness the fastest growth over the forecast period. Extensive usage, faster testing, high-resolution imaging capacity, and the advent of new generation systems such as 4D are some of the factors responsible for segment growth
  • Based on end-use, hospitals held the largest market share in 2019. Large patient base, building financial capacity, and receptivity to advanced technologies are the factors responsible for uptake of radiology products in hospitals
  • North America held the largest share in the market for teleradiology in 2019 due to the wide usage of advanced technologies, presence of key companies, and established healthcare infrastructure in the region
  • Asia Pacific is expected to be the fastest-growing region over the forecast period due to supportive government regulations for the expansion of teleradiology and quick adoption of new technologies
  • Some of the prominent companies are 4ways Healthcare Ltd.; HealthWatch TeleDiagnostics Pvt. Ltd.; RamSoft, Inc.; Everlight Radiology; Virtual Radiologic; Agfa-Gevaert N.V.; ONRAD; Teleradiology Solutions; and Global Diagnostics. Most of these companies focus on expanding their product portfolios and entering untapped markets such as Asia Pacific.