Intravascular Ultrasound Market Size Worth $474.3 Million By 2025

The global intravascular ultrasound (IVUS) market size is expected to reach USD 474.3 million by 2025 at a 6.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising investments in the medtech industry, increasing R&D activities, and surge in product launches are key factors driving the market.

Emerging economies have been offering new investment avenues to global market players. Developing healthcare infrastructure and increasing patient pool are driving demand for advanced medical devices in these countries.

Point of contact (POC) ultrasound is used for diagnostic procedures generally involving portable ultrasound devices. It is relatively cheaper and can be widely used in patient care. IVUS ultrasound is one such device, which is smaller and can be used to detect abnormalities in the vascular system.

Some of the key players in this market are Koninklijke Philips N.V.; GE Healthcare; Hitachi, Ltd., Fujifilm Medical Systems; Boston Scientific Corporation; Siemens Healthineers; and Canon Medical Systems Corporation.In June 2017, GE Healthcare and Heartflow announced a partnership for the diagnosis and treatment of coronary artery disease.

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https://www.grandviewresearch.com/industry-analysis/intravascular-ultrasound-ivus-devices-market

Further key findings from the report suggest:

  • The intravascular ultrasound market was valued at USD 298.9 million in 2017 and is expected to grow lucratively over the forecast period
  • By product, the accessories segment is anticipated to grow at the fastest rate over the forecast period. It is also the largest product segment
  • On the basis of end use, the diagnostic centers segment is anticipated to register the fastest growth over the forecast period, owing to increasing establishments of standalone diagnostic centers
  • Asia Pacific is expected to exhibit the highest CAGR of 7.7% over the forecast period owing to improved healthcare infrastructure, rising disposable income, and investments from global market players.

Food And Beverage Air Filtration Market Worth $1.75 Billion By 2024

The global food & beverage air filtration market is expected to reach USD 1.75 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of demand for the improved food quality has led manufacturers to upgrade the technology during the food production process, which is anticipated to increase the installation of air filters over the forecast period. 

The air filters systems are used to remove various contaminants in the production stage. Few specialized filters, such as high-performance HEPA filters, help in removing germs and viruses, thereby producing sterile air. The food air filters minimize moisture and the resultant energy required for improving the efficiency of various processes, which is expected to drive the market growth extensively. 

Filter manufacturers are also inspired to design efficient filter systems with the growing requirements and increasing stringent legislations emphasizing on hygiene in the food industry. Furthermore, improving the air quality in the production process along with reducing the levels of microorganisms have also become few of the major concerns for food manufacturers, which will boost the food and beverage air filters industry over the forecast period. 

The stringent government regulations for food safety and growing health concerns have mandated the food producers to implement enhanced filtration methods. The increasing need to reduce energy consumption across several industrial applications is anticipated to elevate the demand for an effective food & beverage air filtration system. The growing concerns regarding the environmental health coupled with the reducing raw material resources and natural depositories are primarily expected to fuel growth over the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/food-beverage-air-filtration-market

Further key findings from the report suggest:

  • The food & beverage market is expected to witness a steady growth over the forecast period owing to the increasing awareness regarding health concerns, which has encouraged food producers to improve the production process influencing the filtration industry.
  • The HEPA filters market is expected to grow at highest CAGR, owing to the wide application of these filters in air filtration and air purification applications for controlling the airborne particulate level in the dairy and food & ingredients industries.
  • The dairy industry is expected to witness a CAGR of over 6% over the forecast period. The increasing consumer interest in healthy eating has boosted the dairy product demand among the consumers. Furthermore, the introduction of yogurt drinks and yogurt has also helped in the expansion of health-focused food and drinks, leading to the improved manufacturing process and enhanced air filtration equipment market.
  • The North American food & beverage industry is expected to remain the major revenue generating regionover the forecast period. The continuous increasing awareness for nutritious and organic food with the growing health concerns have influenced growth.
  • The key players in the food & beverage market include Parker Domnick Hunter (U.S.), Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), and Camfil Group (Sweden).Companies are focusing on providing enhanced quality food products adhering to the government regulations for food safety.

One-off Chopsticks Market Size Worth $41.1 Billion By 2025

The global one-off chopsticks market size is expected to reach USD 41.1 billion by 2025, according to a new research conducted by Grand View Research, Inc. The growing need for disposable chopsticks, particularly made of aspen, is projected to spur the market growth over the forecast period. The fact that chopsticks form an integral part of tableware & kitchen utensils, particularly in the Asian countries, is expected to remain a key driver.

The one-off chopsticks market is anticipated to witness moderate growth over the forecast period, globally. This can be accredited to the use of aspen for producing chopsticks as compared to other materials such as bamboo, birch, and cottonwood, among others. Furthermore, manufacturers are gradually shifting their plants to North America and other regions, owing to the surging government regulations pertaining to deforestation and availability of aspen in these regions. However, the environmental impact and surging health concerns, due to the adoption of one-off chopsticks, are the key factors challenging the market growth.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/one-off-chopsticks-market

Further key findings from the report suggest:

  • The bamboo chopsticks segment captured over 50% of the total revenue in 2015. However, aspen chopsticks are projected to witness high growth at a CAGR exceeding 11% from 2016 to 2025, owing to the surging espousal in Asian countries and better life span against their counterparts.
  • The Asia Pacific region dominated the market in 2015 with a market share of over 60%. However, North America is projected to emerge as the fastest growing market and is expected to witness a healthy CAGR of over 8%, primarily due to the rising aspen chopsticks manufacturing activities in the region.
  • The key purveyors in this industry comprise Pacific East Company, Ngoc Chau Enterprise Pte, Nanchang Sanyou Industrial Co., Ltd., Nine Zero Trade & Development Limited, Dom Agri Products, and Bamboo Forever Co., Ltd.

Power over Ethernet Market Size To Reach USD 3.77 Billion By 2025

The global power over ethernet market is expected to reach USD 3.77 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for cost-effective and fast communication owing to increasing internet users is expected to drive the market growth over the forecast period. The increasing adoption of VoIP among the various application industry has also contributed to the market demand.

The rising deployment of the Ethernet-based RFID readers and security cameras is also expected to boost market growth. Furthermore, the introduction of PoE Plus is further expected to contribute significantly toward the expansion of the application of technology in high power devices in the industry.

The increasing trend and demand of consumers for smart home automation and control for centrally managing the appliances and other electric systems have also contributed to the residential sector application growth, hence impacting the Power over the Ethernet market in a positive manner.

The ability of the PoE of increasing the control, monitoring capabilities with the reduced costs, and flexible network architectures across the various application segments have also contributed to the enhanced growth. Extensive adoption of the VoIP technology and rising demand for network security cameras are anticipated to drive the demand.

New launched applications and delivery systems enabling the users to switch to IP service from a POTS offering a versatile platform is expected to drive the demand and focus of the VoIP over the forecast period. Furthermore, the rising energy costs and increasing adoption of digital signage technology are also estimated to impel the PoE technology market demand.

Although, leveraging the technology benefits leads to higher capital expenditure on electrical and data infrastructure. further, an inadequate supply of power and a slow adoption rate of the technology can hamper the growth of the industry.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/power-over-ethernet-poe-market

Further key findings from the report suggest:

  • The Power over Ethernet technology is gaining the attention within the market owing to the ability to combine the networking and electrical power into one cable
  • The powered devices is expected to dominate the market with a share of over 50% in 2015
  • Increasing implementation of IP cameras for security, webcams, VoIP phones are projected to lead the residential application growth
  • North America is envisioned to emerge as a predominant region in terms of revenue over the forecast period owing to the increasing demand for ICs and PoE controllers
  • The key industry players in the PoE market include Flexcomm Technology (China), Shenzhen Brothers Young Development Co. Ltd. (China), VISIX (U.S.), Maxim Integrated (U.S.)

Logistics Insurance Market Size Worth $61.55 Billion By 2025

The global logistics insurance market is anticipated to reach USD 61.55 billion by 2025, according to a new report by Grand View Research, Inc. The increasing foreign direct investment, establishment of free trade zones, and increasing globalization has resulted in the rapid growth of the transportation industry in the emerging countries. The logistics hubs and trade routes are gradually shifting toward the emerging market. Privatization of the transportation industry has further spurred the industry growth in China, Turkey, and India.

The adoption of digital technologies enables the company to tap new opportunities for additional premiums, better risk selection, increasing governance, and improved customer experience. Insurers across the globe are implementing newer technologies and adopting cloud- and mobile-based technologies to tap the growing demand in the emerging markets. Through various distribution channels, the insurance companies are modernizing the legacy applications.

The insurance companies are implementing mobility as a part of the business strategy, owing to the increasing usage of smartphones in both developed and emerging markets. Customers can easily request a policy quote, calculate premium, locate insurance agent, and store the policy data with the advent of the mobile apps.

The insurance industry comprises of structured and unstructured data. Big data analytics plays a vital role in the insurance industry that delivers significant Return on Investment (ROI) and cost savings. The rise in digital integration and digital customer relationship management is likely to spur the market demand over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/logistics-insurance-market

Further key findings from the report suggest:

  • The increasing adoption of cloud- and mobile-based technologies to improve the customer experience
  • The transportation industry is anticipated to witness a significant growth with a CAGR of over 3.5% over the projected period
  • The maritime industry is anticipated to dominate the market in terms of revenue
  • The Asia Pacific region is anticipated to dominate the market in terms of growth rate over the forecast period
  • The rising financial asset and real estate values in the region are enabling the companies to have a higher premium volume
  • The market posesa rising competition that enable insurers to invest more in technological advancement to enhance the customer experience
  • The key players in the logistics insurance market include Integrity Transportation Insurance (U.S.), Liberty Mutual Insurance (U.S.), Peoples Insurance Agency (U.S.)

Excipients Market Size Worth $6.9 Billion By 2025

The global excipients market size is expected to reach USD 6.9 billion by 2025, expanding at a CAGR of 6.02% from 2017 to 2025, according to a new report by Grand View Research, Inc. Globally increasing reach of generic medicines has been a major factor driving market growth. In addition, rising demand for newer excipients owing to the advantages of drug delivery and stability has led to the growth of the market. 

Excipients are essential components for the improvement of overall pharmaceutical activity and performance, both of which directly impact the characteristics of pharmaceutical formulations. An excipient in the right proportion can improve the shelf life and bioavailability of a formulation. These can also be used in drug delivery mechanisms such as sustained release and rapid release drugs.

Polymers were the largest product category in 2016 and are expected to maintain a comparatively moderate growth rate over the forecast period. Microcrystalline cellulose was the leading polymer in this category, accounting for a share of over 26.0% in 2016.

Sugars are expected to observe the fastest growth over the  coming years, exhibiting an estimated CAGR of 5.1% from 2017 to 2025. Sugars can play an instrumental role in increasing solubility, taste masking, dissolution, and drug delivery, which can drive its market.

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

Further key findings from the report suggest:

  • The global excipients demand exceeded 600,000 tons in 2016 and is expected to grow at a moderate rate from 2017 to 2025
  • Owing to high market demand, polymer excipients accounted for the largest revenue share in 2016 and the segment can be anticipated to dominate the market for the coming years as well
  • The global demand for sugars excipients was valued at over USD 1 billion in 2016 and is anticipated to witness significant growth over the coming years
  • The Europe polymers market was pegged at 74,000 tons in 2015 and is estimated to reach a total volume of over 100,000 tons by 2025
  • The market in Asia Pacific is projected to witness substantial growth over the course of the forecast period thanks to several development projects undertaken across major economies, especially in newer excipients markets. The regional market is expected to register a CAGR of 6.63% from 2017 to 2025
  • Key market participants include Eastman Chemical Corporation; P&G Chemicals; Avantor Performance Materials, LLC; Huntsman Corporation; BASF SE; Ashland Inc.; FMC Corporation; Roquette; Colorcon Inc.; Lubrizol Corporation; Valeant; JRS Pharma; Shin-Etsu Chemical Co., Ltd.; DFE Pharma; and Finar Limited.

Catheter Market Size Worth $77.7 Billion By 2026

The global catheter market size is expected to reach USD 77.7 billion by 2026 registering a CAGR of 9.7%, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic diseases and supportive insurance policies are some of the prime factors boosting the market growth. Presence of multi-national manufacturers and improving medical facilities, especially across developing regions, are also anticipated to propel the market growth over the forecast period.

As per the statistics published by the WHO, chronic diseases is anticipated to contribute to 73% of all deaths and 60% of the global burden of disease by 2020. The rise in geriatric population has also led to increase in number of hospitalizations and surgeries anticipating the market growth. Catheters have undergone technological advancements; for instance, miniaturized products and introduction of antimicrobial catheters to reduce associated infections. Wide usage of minimally invasive surgeries is expected to favor the market growth.

Rising awareness about catheters has in turn boosted their demand. In addition, increasing number of midscale catheter manufacturers gaining a higher market share is expected to promote the market growth. Furthermore, rise in funding by various government bodies and medical device manufacturers for R&D will boost the market growth. However, requirement of intensive capital for the development of advanced devices may obstruct market development.

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

Further key findings from the study suggest:

  • The cardiovascular product segment led the market in 2018 owing to increase in the number of patients suffering from chronic Cardiovascular Diseases (CVDs)
  • Specialty catheters is expected to be the fastest-growing product segment over the forecast period due to rising prevalence of target diseases and demand for minimally invasive procedures
  • Asia Pacific is anticipated to witness the fastest CAGR from 2019 to 2026 owing to rising cases of kidney and cardiovascular diseases, improving medical facilities, and supportive insurance policies
  • Some of the key companies in the global catheter market are Medtronic Plc.; Convatec Corp.; Smiths Medical, Inc.; Boston Scientific Corp.; and Coloplast A/S
  • The market is price-sensitive with many small-, medium-, and large-scale companies. Key companies focus on product bundling strategies
  • Strategic partnerships between the manufacturers and the healthcare establishments intensify the market competition

Dental Equipment Market Worth $10.47 Billion By 2025

The global dental equipment market size is expected to reach USD 10.47 billion by 2025, according to a report published by Grand View Research, Inc. It is anticipated to expand at a lucrative CAGR of 4.5% over the forecast period. Key factors attributed to the growth include increasing demand for dental procedures owing to prevalence of dental disorders and rising awareness and demand for preventive, restorative, and surgical services for dental care.

Moreover, favorable government initiatives regarding dental hygiene is also a significant factor responsible for driving the market. Due to increasing number of initiatives, there is an increase in awareness regarding dental hygiene leading to increasing adoption of dental treatments, which in turn is anticipated to drive the market for dental equipment over the forecast period.

Dental equipment are classified on the basis of product into dental radiology, dental lasers, systems and parts, laboratory machines, hygiene equipment, and others. The systems and parts segment held the leading market share of 39.9% in 2018 and is anticipated to grow at a lucrative pace over the forecast period. The segment is further classified into instrument delivery systems, vacuums and compressors cone beam CT systems, cast machines, furnace and ovens, CAD/CAM, and electrosurgical equipment. The CAD/CAM sub-segment led in 2018 owing to the technological superiority of these equipment over traditional die casting techniques.

North America led with a market share of 29.6% in 2018. Some of the key reasons attributed to the high share include technological advancements, rising demand for dental surgeries, growing geriatric population, and increasing number of dentists and dental clinics. On the other hand, Asia Pacific is expected to expand at the fastest CAGR of 4.9% over the forecast period. Constantly developing healthcare infrastructure and increasing healthcare expenditure coupled with the presence of high unmet medical needs are expected to serve this market as high-impact rendering drivers.

Few significant companies venturing in the market include, Denstply International Inc.; A-Dec Inc.; Planmeca Oy; Sirona Dental Systems Inc.; Patterson Companies Inc.; Straumann; GC Corporation; Carestream Health Inc.; Biolase Inc.; Danaher Corporation; and 3M.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/dental-equipment-market

Further key findings from the report suggest:

  • Systems and parts product segment led the market in 2018 and is anticipated to grow at a lucrative rate over the forecast period
  • CAD/CAM sub-segment of systems and parts accounted for the largest market share in terms of revenue in 2018, owing to technological advancements
  • North America led the dental equipment market in 2018 with a revenue share of USD 1.84 billion owing to the presence of advanced healthcare facilities and strong reimbursement scenarios
  • Some of the key players operating in the market are, Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson & Johnson.

Molecular Diagnostics Market Worth $18.2 Billion By 2027

The global molecular diagnostics market size is expected to reach USD 18.2 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.0% over the forecast period. Increasing prevalence of infectious diseases such as influenza and human papillomavirus is projected to be the key factor the growth of the market.

In the underdeveloped regions of Africa, increasing instances of infections such as tuberculosis and HIV have been witnessed in the last few years. This is projected to drive the demand for accurate and early diagnostic techniques to curb the spread of these infections.

Rapid technological advancements-leading to accurate results, portability, and cost-effectiveness-are expected to be a high impact rendering driver for this market. Companies are upgrading their products by implementing new techniques to gain specific and accurate results. Companies such as Sigma Aldrich Corporation and Qiagen are developing a new range of molecular diagnostic techniques, such as Transcription-Mediated Amplification (TMA) and Loop-Mediated Isothermal Amplification (LAMP), for the diagnosis of tumors.

Key players in the market are adopting various marketing strategies such as collaborations with technologically advanced companies and diagnostic centers. Furthermore, players are focusing on expanding their geographic presence in order to increase their market share.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/molecular-diagnostics-market

Further key findings from the study suggest:

  • Reagents dominated the market in 2019 and is also projected to be the fastest-growing product segment owing to its high adoption in research and clinical settings. Standard reagents also provide efficient and accurate results
  • Instruments such as next generation sequencing platforms and PCR are increasingly preferred by diagnostic institutes and central laboratories as these tests deliver reliable and quick results and are suitable for a number of diagnostic procedures
  • Central laboratories emerged as the leading test location for molecular diagnostics in 2019. This is attributed to the availability of skilled labor and well-established infrastructure
  • Point-of-care is expected to be the fastest-growing segment over the forecast period owing to increase in demand for bedside testing, accuracy of results, and rise in healthcare awareness
  • Infectious diseases were the largest revenue generating segment in 2019 as molecular diagnostics offer clinicians with better substitutes to diagnose numerous infectious pathogens, bacteria, and virus in a short time while producing extremely accurate results
  • The oncology segment is projected to exhibit a CAGR of around 11.3% over the forecast period owing to increasing awareness amongst patients and healthcare professionals regarding available technologies such as molecular testing for cancer diagnosis
  • On the basis of technology, PCR was the largest revenue generating segment in 2019 owing to factors such as growing applications of multiplex PCR and commercialization of easy-to-use PCR-based molecular diagnostic kits
  • North America was the largest revenue generating region in 2019, followed by Europe. Key factors attributing to their dominance are high patient awareness levels, sophisticated healthcare infrastructure, growing healthcare expenditure, and high R&D pertaining to drug discovery and development
  • Some of the major players operating in molecular diagnostics market are F. Hoffmann-La Roche Ltd; Siemens Healthcare GmbH; Bio-Rad Laboratories, Inc.; Novartis AG (Grifols); Danaher Corporation; Alere, Inc.; Sysmex Corporation; bioMérieux SA; Becton, Dickinson and Company; Hologic, Inc. (Gen Probe); Johnson & Johnson Services, Inc.; Bayer AG; Cepheid; Dako; and Qiagen.

Telecom Billing & Revenue Management Market Worth $31.2 Billion By 2027

The global telecom billing and revenue management market size is projected to reach USD 31.2 billion by 2027, expanding at a CAGR of 11.6% during the forecast period, according to a study conducted by Grand View Research, Inc. Telecom billing and revenue management benefits the service providers in exchanging their invoices, billing data, and sharing revenue information with partners, allowing operators to continue the billing accuracy, enhance customer experience by ensuring the end-to-end management of revenue, and disputes and adjustments. It also provides a complete end-to-end solution for supporting key business processes for managing revenue. As a result, the growing importance of identifying profitability and value that customers bring to the enterprise coupled with growing preference for mitigating and identifying the revenue leakages and frauds with automated payment processing solutions and integrated workflows is expected to accelerate the growth of the market over the forecast period.

Growth in the number of subscribers for the telecom services worldwide is one of the key factors driving the growth of the market. As there is a rise in the number of cellular or mobile subscribers, challenges including network congestion and fallout of services are rising. This rise is thereby resulting in structural progress for the development of efficient billing and revenue management software solutions and services. These solutions and services are used by Communication Services Providers (CSPs) to boost their revenue while optimizing telecom networks.

Additionally, telecom billing and revenue management solutions support the telecom service providers in the detection and management of frauds and revenue leakages, thereby resulting in reduced operational costs in the longer run. As a result, telecom companies are investing in telecom billing and revenue management solutions and services to not only help themselves in increasing their revenue growth by optimizing network but also for improving fraud management and reducing operational costs in the long run. This, in turn, is projected to boost the market growth in the near future.

In addition, the telecom billing and revenue management help telecom service providers in creating innovative solutions and services in the market while enhancing the customer experience. Furthermore, with the growth in networks, solutions, and services, telecom operators endure high operational costs. High implementation and operational costs are one of the major challenges likely to deter the progression of the market.

Nevertheless, with the continuous need and requirement to provide improved and high-quality customer experiences and rich communication services, telecom billing and revenue management providers are focusing to further develop advanced solutions and services, which are compatible and at-par to fulfill the dynamic requirement of end-users with improved flexibility, scalability, and functionality. Efficient telecom billing and revenue management solutions help the CSP’s to monetize the usage data and service. It further provides enhanced real-time data analytical capabilities and efficacy to channelize the revenue streams by providing tailored solutions.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/telecom-billing-revenue-management-market

Further key findings from the report suggest:

  • The cloud segment is expected to witness a CAGR of 15.6% over the forecast period. Owing to low investment cost, scalability, and agility offered by cloud deployment model, the segment is expected to witness significant growth in the coming years
  • The solutions segment accounted for 67.8% of the market share in 2019. The segment is expected to witness significant growth over the coming years
  • Asia Pacific is expected to witness a CAGR of more than 15.0% over the forecast period. The growth is accredited to increasing mobile and internet penetration across the region coupled with growth in the telecom industry across the region particularly in the developing economies such as India and China.