Advanced Bipolar Direct Energy Devices Market Worth $3.3 Billion By 2026

The global advanced bipolar direct energy devices market size is anticipated to reach USD 3.3 billion by 2026 registering a CAGR of 14.2%, according to a new report by Grand View Research, Inc. Increasing adoption of bipolar electrosurgical systems over conventional devices and high demand for laparoscopic surgeries are anticipated to boost the market growth.

These systems are mostly used to coagulate, cutting, fulguration, and desiccate soft tissues through generating heat by an electric current. The product demand has been increasing owing to its benefits in surgical procedures, such as lower risk of hemorrhaging than conventional devices that focus on scalpels. In addition, conventional equipment are costlier, which is also driving the demand for advanced bipolar direct energy systems for improved safety in desiccating soft tissues.

Technological advancements in the field are further expected to augment the market growth. For instance, XCELLANCE Medical Technologies launched a new 6-sense technology designed for cutting tissues at lower voltages by sensing voltage and power. This technology minimizes the patient recovery time and is a versatile tool for hemostatic dissection in performing surgical procedure.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/advanced-bipolar-direct-energy-devices-market

Further key findings from the report suggest:

  • Electrosurgical generator systems led the global market in 2018. The segment is projected to expand further at the fastest CAGR from 2019 to 2026
  • Hospital was the dominant end use segment in 2018 owing to increased number of laparoscopic surgical procedures for tissue coagulation performed in these healthcare settings
  • North America led the global advanced bipolar direct energy devices market in 2018. However, Asia Pacific is estimated to be the fastest-growing regional market over the forecast period
  • Some of the key companies in this market are Bovie Medical Corp., Medtronic PLC, B. Braun Melsungen AG, XCELLANCE Medical Technologies Pvt. Ltd., Olympus Corp., and Karl Storz
  • These companies focus on technological advancements to gain competitive advantage. Medtronic launched Aquamantys bipolar sealers designed by transcollation technology, which combines Radiofrequency (RF) energy and saline to provide hemostatic sealing of soft tissues

Scleroderma Therapeutics Market Size Worth $2.6 Billion By 2026

The global scleroderma therapeutics market size is expected to reach over USD 2.6 billion by 2026 registering a CAGR of 6.0%, according to a new study by Grand View Research, Inc. The market growth is credited to the availability of various therapies used off-label, such as small molecule therapies including branded, generics, and OTC drugs.

The mix of several indications and drug classes engenders a fragmented market with multiple players. Roche is the dominant company with biologic immunosuppressants, Actemra/RoActemra, Cellcept, and Rituxan contributing majorly to the company’s share. Pfizer and Eli Lilly are the key companies in the market. Over the forecast period, new entrants including Boehringer Ingelheim, Corbus Pharmaceuticals, and Fibrocell will marginally displace the share of established firms in this market.

The on-label market is in the development phase. Supplemental indication approval is one of the most common strategies adopted by market participants. For example, riociguat by Bayer was previously used for PAH and currently, it is under clinical trials for the treatment of SSc-related digital ulcers. There are several other pharmaceutical companies following suit as this strategy favors the pharmaceutical industry in offsetting high development costs and in reaping larger benefits from one molecule already developed and present in the market.

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https://www.grandviewresearch.com/industry-analysis/scleroderma-therapeutics-market

Further key findings from the study suggest:

  • The immunosuppressants segment held the largest market share in 2018 and is likely to maintain the dominance throughout the forecast years
  • High preference for immunosuppressants owing to the favorable reimbursement scenario associated with this drug class supports its dominant market share
  • Systemic scleroderma indication segment accounted for the major market share and will expand further due to use of high-priced immunosuppressants
  • U.S. held the majority of the share in 2018. Expected label expansions and expected launch of first-in-class therapies coupled with an evolving reimbursement landscape for orphan drugs support continual scleroderma therapeutics market growth
  • Europe trails with a lower share as compared to the U.S. majorly due to higher use of generics and biosimilars for off-label treatment of scleroderma
  • Some of the key companies are F. Hoffman La-Roche Ltd.; Bristol-Myers Squibb Company; Celgene Corp.; arGentis Pharmaceuticals, LLC; Bayer AG; Boehringer Ingelheim International GmbH; Akashi Therapeutics; Prometic Life Sciences, Inc.; Emerald Health Pharmaceuticals; Kadmon Holdings, Inc.; Seattle Genetics, Inc.; Cytori Therapeutics, Inc.; Fibrocell Science, Inc.; Chemomab; Corbus Pharmaceuticals Holdings, Inc.; and Genkyotex SA

Oral Irrigator Market Size Worth $1.1 Billion By 2026

The global oral irrigator market size is expected to reach USD 1.1 billion by 2026, according to a new report by Grand View Research, Inc., registering a 3.4% CAGR during the forecast period. Introduction of technologically advanced dental care products and growing incidence of oral diseases, such as dental caries and periodontitis, are majorly driving the market.

Easy availability of oral irrigators for end users like dentists and consumers is one of the drivers of the global oral irrigator market. These are available through various online portals such as Amazon, eBay, and AliExpress, and medical stores.

Initiatives by various dental organizations and agencies, especially in developing countries such as India, are significantly impacting market growth. In India, agencies such as eDantSeva, National Tobacco Control Programme (NTCP) and National Institute of Cancer Prevention and Research (NICPR) conduct programs for increasing awareness regarding dental hygiene and habits, further propelling the market.

Oral irrigators are expensive as compared to traditional floss products, which is hampering oral irrigator market growth. Nonetheless, value benefits offered by manufacturers for the promotion of technologically advanced products, along with increasing pricing competition, is estimated to lower the impact of high costs and increase its popularity among consumers. This is likely to help shift individual preference from tradition flossing methods to using efficient oral irrigators.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/oral-irrigator-market

Further key findings from the report suggest:

  • Cordless product variants formed the leading segment owing to features such as safety, portability, and reasonably priced. The countertop segment is also likely to witness steady growth owing to convenience as they do not require charging like cordless devices
  • Product adoption for home use has been on a rise owing to increasing popularity of technologically advanced products and growing awareness regarding benefits of regular flossing and good dental hygiene
  • Increasing prevalence of teeth and gum disorders on a global scale, rise in population in developing economies, and increase in spending power of consumers are anticipated to majorly drive the oral irrigator market
  • Some of the key players in the market are Church & Dwight Co., Procter & Gamble, Jetpik, Aquapick, and Conair Corporation.

Digital Breast Tomosynthesis Market Size Worth $3.89 Billion By 2026

The global digital breast tomosynthesis market size is expected to reach USD 3.89 billion by 2026 registering a CAGR of 13.5%, according to a new report by Grand View Research, Inc. Rising awareness about the use of DBT, increasing prevalence of breast cancer, and introduction of technologically advanced products are the key driving factors for the market.

As per the Susan G Komen Breast Cancer Foundation Inc., in 2019, around 41,760 new cases of breast cancer will be reported. In addition, as per the data published in South African Journal of Radiology in 2018, breast cancer is one of the most common cancer type and is one of the leading causes of death in South Africa. Such factors are anticipated to drive the market over the forecast period. 

Favorable reimbursement policies are also anticipated to boost the market growth. For instance, Brazilian Ministry of Health has given recommendations for tomosynthesis for the screening of breast cancer. Furthermore, several advantages of DBT are also expected to increase the product demand. For instance, as per the Breast Cancer Organization, after getting the U.S. Food and Drug Administration (FDA) approval, 3D breast tomosynthesis systems are witnessing higher demand than 2D systems.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-breast-tomosynthesis-market

Further key findings from the study suggest:

  • In terms of revenue, standalone 3D systems segment held the largest share in 2018 owing to high prevalence of breast cancer across the globe
  • Diagnostics centers segment is expected to witness the fastest CAGR over the forecast period owing to increasing awareness about DBT in both developed and developing countries
  • Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the introduction of technologically advanced products
  • Prominent companies in the global digital breast tomosynthesis market are Hologic, Inc.; GE Healthcare; Siemens Healthineers; Dexela Ltd.; and Fujifilm Corporation

Interleukin Inhibitors Market Worth $74.6 Billion By 2026

The global interleukin inhibitors market size is expected to reach USD 74.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 17.4% over the forecast period. This can be attributed to a strong pipeline with upcoming launches of late-stage pipeline drugs.

The therapeutic landscape in this market is becoming increasingly competitive, as drugs are compared in head-to-head trials to determine superiority in terms of safety, efficacy, and tolerance. For instance, UCB’s bimekizumab is currently under investigation in three such trials against Humira (trial name: BE SURE), Stelara (BE VIVID), and Cosentyx (BE RADIANT)-indicated for plaque psoriasis.

Furthermore, increasing investments on various clinical trials and strategic alliances between pharmaceutical companies and research organizations for development of novel molecules are few major contributors to interleukin inhibitors market growth. For instance, Genentech (F. Hoffmann-La Roche Ltd.) has collaborated with Massachusetts General Hospital for developing Actemra (tocilizumab) for the treatment of giant cell arteritis.

Rise in consumer awareness about various autoimmune diseases and their treatment options is anticipated to impel demand. For instance, Arthritis Ireland launched an awareness campaign for rheumatoid arthritis, educating the public about different treatment options and significance of early diagnosis. In addition, the European Federation of Crohn’s & Ulcerative Colitis Association offers various initiatives to create awareness among patients suffering from Inflammatory Bowel Disease (IBD).

Click the link below:
https://www.grandviewresearch.com/industry-analysis/interleukin-inhibitors-market

Further key findings from the report suggest:

  • Psoriatic arthritis and IBD are projected to register fastest growth through to 2026
  • IL-17 is likely to overtake IL-23 as the leading type by 2026
  • IL-5 inhibitors for asthma to witness strong growth in the near future
  • Asia Pacific is expected to exhibit the fastest regional growth
  • Despite the high price of IL-inhibitors, favorable reimbursement policies are likely to provide affordability and support market penetration

Flexible Printed Circuit Boards Market Size Worth $26.8 Billion By 2025

The global flexible printed circuit boards market size is projected to reach USD 26.8 billion by 2025, expanding at a CAGR of 11.2% over the forecast period, according to a study published by Grand View Research, Inc. Growing demand for compact and flexible electronic devices is the major factor driving demand for flexible Printed Circuit Boards (PCBs) worldwide. Regulated demand from the IT and telecom sector in view of growing need for circuits with higher data processing speed and higher working temperature is further augmenting the growth.

Flexible printed circuit boards (FPCBs) are thin and lightweight and can save up to 60% of the space and weight in comparison to rigid printed circuit boards. In addition, benefits offered in terms of durability and cost has further augmented their adoption across different end use industries. Demand for miniature, flexible electronics in automotive industry for use in advanced navigation displays and other automotive electronics has had positive impact on the demand.

Flexible PCBs are also used in medical equipment and health monitoring devices, such as pacemakers, defibrillators, neuro-stimulation, modulation devices, and external hearing devices. Benefits offered in terms of packaging flexibility and performance are expected to augment adoption of flexible printed circuit boards across multiple industry verticals. Companies are emphasizing on attaining advances in the fabrication technology and material substrates used to manufacture flexible PCBs. Various manufacturers offer tailored and/or dedicated flexible printed circuit boards as per the specifications led by the Original Equipment Manufacturers (OEMs).

The adoption of flexible printed circuit boards has surged over the last few years on account of growing awareness among OEMs regarding the superior benefits offered by flexible PCBs, in terms of weight, circuit complexity (elimination of mechanical connectors), wiring errors, and operating temperature range among others.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/flexible-printed-circuit-boards-fpcb-market

Further key findings from the study suggest:

  • The double-sided circuit segment held the largest flexible PCBs market share of approximately 45% in terms of revenue in 2018. This is due to the superior elasticity in terms shape restoration and greater efficiency offered by these circuits
  • The consumer electronics segment dominated the market in 2018 and is projected to expand at the fastest CAGR over the forecast period, owing to the rising popularity of wearables and proliferation of consumer electronics like laptops and smartphones among others
  • Asia Pacific is expected to account for the largest market share followed by North America during the forecast period. The regional growth is accredited to the huge consumer electronics market and high concentration of electronic manufacturers in countries, such as China, Japan, and South Korea
  • Key players operating in the flexible printed circuit boards market include AT&S, Benchmark Electronics, Cicor Management AG, Eltek Ltd, TTM Technologies, IEC Electronics, and Flex Ltd

LiDAR Services Market Size Worth $2.6 Billion By 2025

The global LiDAR services market size is expected to reach USD 2.6 billion by 2025, registering a CAGR of 14.5% from 2019 to 2025, according to a new study by Grand View Research, Inc. LiDAR services find prominent applications in the automotive industry. Further, favorable government policies regarding self-driven vehicles and advanced driver-assistance systems (ADAS) are fueling market growth.

The use of LiDAR services in autonomous vehicles is one of the major factors driving the market. Furthermore, increasing automobile production across developed and developing economies, along with the growing demand for technologically advanced electronic safety systems in vehicles, are the major factors positively impacting market growth. The implementation of stringent carbon emission norms are driving demand for next-generation technologies, such as advanced driving systems. This, in turn, is likely to drive demand for LiDAR services over the forecast period. Further, LiDAR sensors are also used for security, surveillance, and logistics in industrial automation. The extensive use of sensors in the automotive and industrial automation industry is anticipated to positively influence the market over the forecast period.

The market is anticipated to be driven by growing 3D imaging technology. The growing use of 3D imaging enabled devices, such as the robotic vision system, medical imaging device, and the 3D X-ray imaging device, are expected to boost the growth of the market. Besides, the implementation of LiDAR services in 3D imaging is expected to boost its demand in the healthcare industry.

North America held largest market share in 2018, followed by Asia Pacific and Europe. The Asia Pacific regional market is expected to witness robust growth over the forecast period, owing to the increasing awareness regarding the benefits of the techonology in the automotive and industrial automation industry. Moreover, the rise in demand can be attributed to the growth in adoption of ADAS in autonomous cars in China, Japan, South Korea, and Singapore.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/lidar-services-market

Further key findings from the report suggest:

  • The GIS service segment is estimated to gain high traction in the market. As this involves advanced terrestrial laser scanning systems for data acquisition in 3-dimensional point clouds
  • The modelling segment is further sub segmented as city modelling and others. The city modelling segment is expected to account for maximum share in the market
  • The significant adoption of LiDAR in Unmanned Aerial Vehicles (UAVs) has led to the growth of the market
  • Increasing adoption of LiDAR mapping across different applications namely corridor mapping delivers sustainable growth opportunities for market
  • Maintaining operational costs is a major focus area of the suppliers in the market. As availability of low-cost services in the market creates major concern for the prominent suppliers
  • The emergence of a considerable number of substitutes, such as HTC Corporation, and Sony Corporation, introducing low-cost automotive imaging LiDAR sensors, is expected to challenge market growth
  • The key participants in the LiDAR services market are namely Fugro; GeoDigital; Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; and Surdex Corporation.

U.S. Automotive Aftermarket Size Worth $86.2 Billion By 2025

The U.S. automotive aftermarket size is expected to reach USD 86.2 billion by 2025, registering a 1.8% CAGR from 2019 to 2025, according to a new study by Grand View Research, Inc. The market is expected to grow owing to the rising adoption of automotive technologies such as exhaust and safety technologies coupled with other aspects influencing vehicular performance. The market is estimated to remain innovation-led with the introduction of new chemicals and metals that provide cost-efficiency and weight reduction in automobiles. In addition, the increasing vehicle parc and vehicle age in the U.S. are expected to contribute to the growing demand for replacement parts, thus driving market growth in the country.

Rising disposable income in the U.S. is creating a positive growth outlook for the sales of passenger cars. The increasing demand for aftermarket parts is directly proportional to the growing sales of passenger cars. Moreover, factors such as developing infrastructure and increasing adoption of modern lifestyle across the country are contributing to the growth of automotive aftermarket. Technological proliferation and high investments in R&D by automakers are expected to further drive demand for automotive aftermarket components over the forecast period. Furthermore, increasing trade activities of goods and materials via road transportation are expected to fuel the demand for heavy commercial vehicles. This, in turn, is likely to result in the high demand for products such as tires, towing, wheels, and other miscellaneous accessories, thereby contributing to the market growth in future.

Efforts taken by vendors to make aftermarket products available in adequate quantities and improve the quality of recycled products have contributed to the high demand for alternative parts such as engines; door assemblies; transmissions; sheet metal products such as fenders, trunk lids, and hoods; bumpers; and lights assemblies. In addition, maintaining a high inventory level and wide distribution network allows higher fulfillment rates, which is also boosting the sales of alternative parts. However, the increasing adoption of hybrid and electric vehicles is hampering the growth opportunities for automotive aftermarket components, mainly exhaust components. As a result, the threat of substitutes for aftermarket parts is expected to remain high over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-automotive-aftermarket

Further key findings from the report suggest:

  • The rise in sales of automobiles, increased purchasing power, and improved standard of living are expected to drive growth for the automotive aftermarket industry.
  • Increasing consumer awareness regarding environment protection and the use of environment-friendly products with minimum carbon footprint deliver positive growth prospects for the market
  • The tire segment is anticipated to dominate the market by 2025 on account of frequent changing of tires in comparison to their automotive component counterparts
  • The automotive aftermarket is shifting toward the automation of various functions and processes as automation increases accuracy, enhances efficiency, improves workplace safety, and reduces human errors
  • The trend of combining Industry 4.0 with information technology and operational technology has resulted in a landscape governed by supply chain digitalization, creating a sustainable impact on the automotive aftermarket industry

Super Abrasives Market Worth USD 10.4 Billion By 2025

The global super abrasive market size is anticipated to reach USD 10.4 billion by 2025, exhibiting a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is majorly driven by the increasing use of diamond in grinding wheels for precision and machining tools.

The demand for precision and machining tools is driven by increasing production of motor vehicles and construction activities. In the construction industry, the product is used to manufacture drilling, sawing, and cutting tools to machine concrete, bricks, and stones. As per the Institution of Civil Engineers, the global volume of construction output is expected to grow by 85% by 2030 with the U.S., China, and India being the major contributors. This is likely to boost the utilization of super abrasives over the coming years.

The product is used as a grinding tool in the manufacturing of automotive components such as steering mechanism, injection systems, gear shaft, and cam/crankshaft to provide smooth finishing of components. Increasing production of motor and electric vehicles is anticipated to boost the demand for the product in the market over the coming years. The diamond segment is anticipated to register a CAGR of 5.7% over the forecast period owing to the growing demand for precision tooling from automotive and aerospace industries.

The market is characterized by a large number of local and global players. Major companies are acquiring local dealers/manufacturers and are entering into partnerships with major end users to continuously supply products. For instance, in February 2016, Saint-Gobain Abrasives entered into a partnership with Detroit Speed, an automotive component manufacturer, to promote its Norton brand. The move is projected to aid the former increase its consumer base. Asahi and Tyrolit, in November 2018, formed a business alliance in Europe and Asia to expand their product portfolio for electronics, bearings, and gearing industries. This move has allowed Asahi Diamond Group to enhance its portfolio in bearing & gearing industry.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/super-abrasive-market

Further key findings from the report suggest:

  • Construction segment is expected to witness a CAGR of 5.8% owing to the increasing demand for cutting, drilling, and sawing tools
  • The North America market accounted for a revenue share of 11.9% in 2018 with the growing manufacturing sector, especially in the U.S.
  • The super abrasives market in Europe is expected to grow at a CAGR of 4.3%, in terms of revenue, over the forecast period owing to ongoing construction projects in Russia, Poland, and Western European countries
  • Major players are adopting strategies such as capacity expansions, mergers, and acquisitions to cater to growing demand.

Brazil Palm Oil Market Size Worth $2.17 Billion By 2025

The Brazil palm oil market size is expected to reach USD 2.17 billion by 2025, as per a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 13.6% during the forecast period. Factors such as increasing utilization in food application coupled with the ascending consumption of palm oil as a raw material for edible oils is expected propel the growth.

Brazil is expected to witness an increase in the consumption of palm oil owing to high demand from biodiesel and lubricants sectors. However, declining socio-economic conditions and hazardous environmental effects associated with palm oil are expected to restrain the growth of the market over the forecast period.

Palm oil cultivation requires suitable climatic conditions and is anticipated to mainly witness growth in the countries from equatorial region. The government of Brazil created an association call Abrapalma to encourage palm oil cultivation and is also offering incentives to endorse investments in the sector.

Manufacturers are looking for better alternatives to reduce the total production costs of palm oil to gain higher market share and thus the competitive rivalry is anticipated to be high. Thus, new entrants are likely to observe high competition from the established players.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/brazil-palm-oil-market

Further key findings from the report suggest:

  • Rising demand for crude palm oil as it is a rich source of tocotrienols with high vitamin E and antioxidant content, is likely to boost growth of the segment
  • Palm kernel cake segment is expected to register the fastest CAGR owing to its potential use in lactating cow feed by supplementing adequate amount of protein extracts
  • Rising demand from cosmetics and surfactants sector on account of rise in discretionary spending power is likely to continue being a macro driver for the market
  • Lubricants segment is expected to register the fastest CAGR owing to the ability of the product to reduce carbon dioxide emissions
  • Manufacturers are focusing on mergers and acquisitions to increase the client base and to market presence