Artificial Urinary Sphincters Market Size Worth $643.4 Million By 2026

The global artificial urinary sphincters market size is anticipated to reach USD 643.4 million by 2026, expanding at a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Increasing prevalence of urinary incontinence (UI), rising healthcare expenditure, and technological advancements in artificial urinary sphincters is anticipated to boost the market growth.

As per European Association of Urology, UI affects around 200 million people worldwide. Stress and urge incontinences are the major diseases affecting older women due to the hormonal changes during menopause. According to The Canadian Continence Foundation, the total cost of UI and fecal incontinence is around USD 4.0 billion annually. Artificial urinary sphincter is one of the safest and most reliable treatments for incontinence. In addition, in 2014, around 3.5 million people in Canada had suffered from some type of incontinence. Thus, increasing prevalence of UI is expected to drive the artificial urinary sphincters market growth.

Government spending on healthcare is increasing faster in developing countries than rest of the global economy. In the middle income countries, government per capita healthcare expenditure has doubled since 2000. According to the WHO, government spends around USD 60 on per person health in the lower middle-income countries whereas USD 270 in upper middle-income countries, which reduces inequities and stimulates economic growth.

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https://www.grandviewresearch.com/industry-analysis/artificial-urinary-sphincters-market

Further key findings from the report suggest:

  • Based on the brand, AMS 800 dominated the market in 2018 as it is highly durable, effective, and safe surgical option for the treatment of stress UI in males, and high satisfaction rate among men
  • The female segment is expected to exhibit the highest CAGR owing to increasing prevalence of UI and fecal incontinence, and increasing awareness about artificial sphincters among women
  • North America dominated the artificial urinary sphincters marketwith the highest revenue share in 2018 owing to increasing number of UI cases coupled with growing public awareness to prevent urinary diseases and favorable reimbursement framework in the region
  • The key players are introducing technologically enhanced products to gain competitive advantage in the industry. For instance, Boston Scientific launched AMS 800 Urinary Control System, to treat stress UI in males. This launch has enhanced Urology and Pelvic Health segment of Boston Scientific Corporation

Temperature Modulation Devices Market Worth $3.55 Billion By 2026

The global temperature modulation devices market size is expected to reach USD 3.55 billion by 2026, registering a CAGR of 7.1% over the forecast period according to a new report by Grand View Research, Inc. Growing incidences of hypothermia during surgical procedures along with rising number of injuries induced blood loss is expected to drive the market over the forecast period. In addition, growing necessity for patient temperature control system in military forces operating in extreme temperature environment that are also prone to gunshot/explosive wounds, are also expected to propel the temperature control system market demand for such devices.

Increasing number of road accidents is also anticipated to augment the demand for patient temperature control systems. According to Global Status Report on Road Safety 2018, approximately 1.35 million individuals die of road accidents every year. A significant percent of victims die due to severe blood loss. Ambulatory services, therefore, need temperature control systems such as blood/IV warmers to regulate the temperature of stored blood/IV as cold storage fluids may aggravate the injuries within the victim and can also induce fatal hypothermic shock. Road mishaps is the 8th leading cause of death for individuals across all ages. This number is expected to grow by three times in the low-income economies as compared to high-income economies. Hence, growing number of road accidents is expected to drive the temperature control devices market in future.

Military use of temperature control devices such as blood/IV warmers is also significant with around 18-20.0% of the global demand for these devices being sourced for military/defense departments. Additionally, blood/IV warmers are also required by search and rescue forces, as they deal with numerous victims of natural calamities and mishaps that often occur in the remotest or most extreme environments.

Growth of surgical procedures worldwide has also led to the increase in demand for both conductive and convective patient warming devices. These devices help surgeons to maintain a patient’s body temperature at optimum levels and prevent the risk of surgery induced hypothermia.

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https://www.grandviewresearch.com/industry-analysis/temperature-modulation-devices-market

Further key findings from the report suggest:

  • By product, convective patient warming systems is expected to grow in the forthcoming years owing to increasing need for surgical procedures and to increase the recovery speed among patients.
  • Besides the temperature control system market for product accessories, the portable Blood/IV warmers segment is expected to see a respectable growth during the forecast period due to growing demand from ambulatory services and military/defense sectors
  • Asia Pacific is anticipated to be the fastest growing segment owing to growing number of surgeries, presence of huge population demography, and increasing quality of healthcare demanded by patients
  • The players profiled in temperature modulation devices market are Stryker, Gentherm Medical, Belmont Medical, Kimberly-Clark, 3M, Mennen Medical, and Smiths Medical

Vascular Imaging Market Worth $24.4 Billion By 2026

The global vascular imaging market size is expected to reach USD 24.4 billion by 2026, registering a CAGR of 4.2% over the forecast period according to a new report by Grand View Research, Inc. Increasing prevalence of cardiovascular disorders and growing technological advancements in vascular scanning devices are majorly driving the vascular imaging market. In addition, growing funding for developments in vascular imaging devices is further anticipated to fuel the market.

Recent developments in ultrasound technology including 3D visualization and handheld devices are expected to contribute to the vascular imaging market growth. Replacement of 2D technology into 3D has enabled 3D capturing of images without the movement of transducer in real-time. In addition, developments in vector-Doppler technique based on plane-wave imaging are gaining popularity. This method effectively decreases the frame rate (reduces scan-lines) required for focusing an image and more rapidly.

Increasing number of diagnostic imaging centers due to increasing patient pool is an opportunity for the manufacturers to introduce more efficient imaging technologies. Increasing developments in imaging technologies, such as X-ray based analyses and ultrasonography techniques are expected to expand the applications of vascular imaging. These modalities are highly preferred in both palliative and curative care for superior levels of healthcare.

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https://www.grandviewresearch.com/industry-analysis/vascular-imaging-market

Further Key Findings from the Report Suggest:

  • By type, non-invasive segment held the largest share in vascular imaging market in 2018 owing to various advantages offered by different techniques, such as patient safety and shorter turnaround time
  • Advantages offered by CT scanners, such as enhanced spatial and temporal resolution, quick technique, and offering of multiple images from different angles with the help of x-ray tube are expected to expand the applications of this modality
  • North America dominated the vascular imaging market in 2018, owing to high prevalence of cardiovascular disorders among geriatric population and well-established healthcare facilities
  • Vascular imaging market in Asia Pacific is expected to witness lucrative growth rate over the forecast period owing to high prevalence of CVDs in lower and middle income economies
  • The key players present in the vascular imaging market are Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V. Hitachi Medical Corporation , Samsung Medisun, Shimadzu Medical Systems, Hologic Inc., Abbott Laboratories, and Carestream Health Inc.

Facial Recognition Market Size Worth $9.93 Billion By 2027

The global facial recognition market size is expected to reach USD 9.93 billion by 2027, accordingto a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 14.5% from 2020 to 2027.

Facial recognition is a contactless biometric solution that is a critical factor contributing to the market growth. Contactless solutions enable easy deployment in consumer devices. It is also very simple and convenient to use, further contributing to rising adoption. Apart from individual identities, the technology has an ability to gather demographic data on crowds; thus, increasing its usability. Such factors are anticipated to drive the growth.

Increasing security needs in government sectors for employee attendance and identification is expected to be a key driver for the facial recognition market over the forecast period. Technology advancements such as cloud-based services and 3D recognition systems are further expected to fuel the overall adoption of facial recognition technology. Rising demand for data security has driven the adoption of technology across various organizations. Increased usage of personal devices as part of the BYOD policy in the IT sector has furthermore contributed to this growth.

Face recognition technology is less prone to security breaches as compared to traditional authorization methods as it requires human in physical form to provide any kind of access, thereby providing high level of security. For instance, In February 2020, Aware, Inc. announced that its software solution, Knomi, had been chosen by several leading banks in Latin America. The software solution aims to enhance the authentication and security for their mobile applications for clients all over the world. Clients will then be able to gain access to using facial recognition and authentication, replacing passwords, by logging onto their mobile banking application.

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

Further key findings from the study suggest:

  • Face recognition is very easy to deploy and implement. It also provides a quick face detection and match process for identification/verification. These factors have substantially contributed to rapid adoption
  • The facial analytics segment is expected to portray high CAGR of 20.8% over the projected period. Face recognition by using facial analytics provides high accuracy because this technology is relatively insensitive to changes in expression thereby providing accurate results
  • Asia Pacific is expected to witness significant growth over the forecast period, owing to the rapid adoption of the technology in developing economics
  • The key facial recognition market players areAware, Inc.; FacePhi.; NEC Corporation; IDEMIA; TECH5; Onfido; Ayonix Corporation; Gemalto NV; Cognitec Systems GmbH; Precise Biometrics; NtechLab; and Fujitsu

Electric Vehicle Market Worth $1,212.1 Billion By 2027

The global electric vehicle market demand is expected to reach $1,212.1 billion by 2027, expanding at a CAGR of 38.1% over the forecast period, according to a study conducted by Grand View Research, Inc. The market is driven by initiatives taken by governments of various countries to promote manufacturing of Electric Vehicles (EVs). For instance, the Electric Vehicles Initiative (EVI), a multi-government forum, aims at increasing the adoption of EVs globally. As of now, there are thirteen countries participating in this forum, namely Canada, Chile, U.K., Germany, Sweden, Netherlands, Norway, Finland, France, China, Japan, India, and New Zealand. Several campaigns and programs have been launched under this forum such as the EV30@30 in 2017, which sets a target for 11 countries to have at least 30.0% sales of new EVs by 2030.

Rising investments in the EVs by numerous manufacturers is one of the key market drivers over the forecast period. For instance, in January 2020, General Motors announced its plan to invest USD 2.2 Billion in its Detroit plant to manufacture electric trucks and SUVs. The company plans to introduce over 20 EVs by 2023. Furthermore, in 2018, the demand for global electric cars surpassed 5 million units, more than 2 million units from 2017. China is considered as one of the major markets of electric cars along with Europe and U.S. However, lack of infrastructure is anticipated to hinder electric vehicle market growth over the forecast period.

Growing awareness regarding reduction of air pollution is propelling the demand for EVs during the forecast timeframe. EVs produce less carbon emissions as compared to conventional gasoline cars. It is estimated that EVs emit an average of 4,450 pounds of CO2 equivalents every year, which is almost half of the carbon emissions generated by conventional gasoline cars annually. Thus, EVs help in reducing air pollution and improve the air quality, thereby improving public health. This has led various government agencies promote the usage of electric vehicles. For instance, the U.S. Department of Transportation, Great Plains Institute, and Pollution Control Agency are working in tandem to accelerate the adoption of EVs in Minnesota, U.S.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-vehicles-ev-market

Further key findings from the report suggest:

  • The Plug-in Hybrid Electric Vehicles (PHEV) segment is projected to witness the fastest CAGR of over 45.0% in terms of revenue during the forecast period owing to the advantages of two power sources, electricity and fuel
  • The Battery Electric Vehicles (BEV) segment is expected to hold the largest market share of over 60.0% in terms of revenue in 2019. This share is attributed to the initiatives taken by government of countries such as Germany, Sweden, China, and India to promote the usage of EVs
  • Asia Pacific held a market share of over 60.0% in terms of revenue in 2019. However, Latin America is anticipated to witness the fastest CAGR of over 75.0% in terms of revenue during the forecast period. This growth is attributed to the growing environmental awareness among the citizens of Brazil
  • The electric vehicle market is consolidated and characterized by high competition with the presence of major global players such as BYD Company Ltd.; Daimler AG; Ford Motor Company; General Motors Company; Groupe Renault; Mitsubishi Motors Corporation; Nissan Motor Company; Tesla, Inc.; Toyota Motor Corporation; and Volkswagen Group. These companies are engaged in collaborations, mergers, and acquisitions to enhance their market presence and to expand their product portfolio

Field Programmable Gate Array Market Size Worth $18.8 Billion By 2027

The global field programmable gate array market size is anticipated to reach USD 18.8 billion by 2027, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The increased adoption of field programmable gate array (FPGA) across networking, data center, and Internet of Things (IoT) is projected to drive the industry growth over the forecast period.

Growing application of the FPGAs in the aerospace and military sector to develop drone systems for flight control, sensor interfacing, and image processing is driving the industry growth. Flash-based field programmable gate arrays are resistant to radiation-induced configuration shocks and also offer efficient functionality at high altitudes. The flash segment is anticipated to witness a substantial growth over the forecast period, owing to their abilities of consuming less power and delivering security, safety, and reliability throughout the design and deployment process.

Companies are largely seen to be leveraging the power of field programmable gate arrays to develop Artificial Intelligence (AI) based solutions for automotive applications. For instance, in June 2018, Xilinx, Inc. collaborated with Daimler AG to help the deep learning professionals from the Mercedes-Benz R&D centers for developing AI algorithms on the Xilinx adaptable acceleration platform. The automotive segment is likely to fully exploit the capacities of the FPGAs for deploying neural networks for intelligent vehicle systems and optimizing battery management, power conversions, and electric motor control systems of the Electric Vehicles (EV) and Hybrid-Electric Vehicles (HEV).

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

Further key findings from the report suggest:

  • The FPGA market is anticipated to witness a noteworthy growth over the forecast period owing to increased usage of FPGAs in EVs, vehicle networking and connectivity, self-driving cars, and automotive infotainment.
  • The SRAM technology segment is expected to witness significant growth over the forecast period owing to its features including greater logic density, better performance, non-volatility, and its manufacturing simplicity.
  • The FPGAs used in the consumer electronics sector generated a revenue of over USD 1.0 billion in the year 2019, due to growing adoption of digital displays, televisions, cameras and camcorders, eReaders, and set-top boxes for households.
  • The Asia Pacific region is expected to witness a substantial growth from 2020 to 2027 due to increase in sale of consumer electronics, especially smartphones, in countries like China and India, and growing number of data centers in the region.
  • Xilinx, Inc.; Intel Corporation, Microsemi Corporation; Texas Instruments; Lattice Semiconductor Corporation; and Taiwan Semiconductor Manufacturing Company are some of the key players in the FPGA market.

Intelligent Virtual Assistant Market Size Worth $45.1 Billion By 2027

The global intelligent virtual assistant market size is expected to reach USD 45.1 billion by 2027, expanding at a CAGR of 34.0%, according to a new report by Grand View Research, Inc. The growing use of smart speaker-based technologies for home automation and digitization in the retail sector has led to the implementation of conversational e-commerce is the major driving factor of the market. Intelligent virtual assistants (IVAs) help consumers to find relevant information and perform tasks with actionable advice. The inputs received from IVAs assist the organizations in designing and developing various marketing strategies and implementing those in real-time. Many retail stores have implemented IVAs in their processes, adding a new dimension to their customer engagement, further enhancing the customer shopping experience. For instance, Walmart customers can shop for groceries just by talking to the intelligent virtual assistant in their smartphones. Development in voice recognition and speech technologies has been the driving factor behind the proliferating growth of the market.

Chatbots and smart speakers listen, recognize, and respond to the individuals’ requirements and assist them in various tasks. Thus, the devices are gaining popularity among the consumers for a variety of functions such as calling, shopping, reminders, setting the alarm, music streaming, and consulting. Amazon Alexa and Google Home accounted for a majority of the intelligent virtual assistant (IVA) market share of the smart speaker segment in 2019. Chatbot has enabled ease of accessibility in banking, retail, education, e-commerce, travel, and hospitality sectors.

IVA assists in simplifying human efforts in making processes efficient, which is highly beneficial for all organizations. The IVA implementation has resulted in achieving productivity, work quality, and has reduced the risk in scaling operations. Thus, there has been an increased adoption of the device across several applications, including retail, BFSI, healthcare, automotive, consumer electronics, IT and Telecom, education, and travel and hospitality. IVA providers are engaged in executing organic and inorganic growth strategies such as new product launch, expansion, collaboration, and partnership. For instance, in 2018, Transcom and Creative Virtual entered into a partnership to provide virtual agents and chatbot solutions in the artificial intelligence domain.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/intelligent-virtual-assistant-industry

Further key findings from the report suggest:

  • The smart speakers product segment emerged as the fastest growing segment over the forecast period
  • Text to speech technology emerged as the largest segment in 2019 and is estimated to generate revenue over USD 27.1 billion by 2027
  • North America held the largest revenue share in the intelligent virtual assistant market in 2019, whereas Asia Pacific is anticipated to witness the highest CAGR of 35.3% over the forecast period
  • Key players include Amazon.com, Inc.; Google Inc.; IBM Corporation; Nuance Communications; eGain Corporation. The players accounted for the majority share of the overall market in 2019.

Drug Delivery Across Blood Brain Barrier Market Worth $4.6 Billion By 2026

The global drug delivery across blood brain barrier market size is expected to reach USD 4.6 billion by 2026, according to a new report by Grand View Research, Inc. registering a CAGR of 30.2% over the forecast period. Growing research, innovation, and treatment development activities to overcome the challenges faced due to the natural blood brain barrier is majorly driving the market growth.

Growing prevalence of neurological diseases, such as Parkinson’s and Alzheimer’s disease is fueling the demand for novel drug delivery technology that allows medication to cross the blood brain barrier. Limited treatment options regarding blood-brain barrier has been a big hurdle till recently. However, the growing demand for treatment and the rise in innovations that allow for safe and reliable transmission of medication across the BBB is predicted to drive the market’s growth over the forecast period.

Among the recently developed technologies, increasing permeability of the BBB via ultrasound is the most promising one that has shown safe and effective application in treating various patients with brain cancer and other neurogenetical disorders. Other novel technologies such as in-vitro BBB modeling/engineering is being used for producing a faster, reliable, and cost-effective drug delivery mechanism for overcoming the complexities of BBB.

Increasing use of engineered antibiotics are being tested as a technique for delivering cures for severe brain disorders, such as Alzheimer’s and Hunter’s disease. Such antibiotics are expected to greatly increase the convenience of treatment, in addition to the increased effectivity.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/drug-delivery-across-blood-brain-barrier-market

Further key findings from the report suggest:

  • Based on the drug delivery technology, increasing permeability of BBB segment registered significant share of the drug delivery across blood brain barrier market owing to successful ultrasound device technology that have been deemed effective in providing therapies for treating brain disorders
  • Trojan horse approach segment is expected to lead the market soon, since engineered antibodies have been observed to provide reliable and safe medical treatment for various cancer, immunity, and genetic disorder’s treatment
  • Based on application, Parkinson’s disorder segment held maximum share in the market in 2018 owing to increased incidences of the targeted disorder among the growing geriatric population worldwide. Many major economies in EU and Asia are expected to significantly observe a growth in geriatric population by 2050.
  • Asia Pacific is anticipated to lead this market over the forecast period owing to rising geriatric population that may be prone to brain disorders and opportunity for the industry players due to medical tourism in the region. However, by revenue, North America shall continue to be the largest market due to the high cost of healthcare treatment.
  • Some of the players profiled in drug delivery across blood brain barrier market include Ossianix, Inc., Insightec, Angiochem Inc., Armagen Technologies, Inc., BrainsGate, BiOasis Technologies, Inc., CarThera, F. Hoffman La-Roche, and Iproteos S.L.

Brain Mapping Instruments Market Size Worth $2.33 Billion By 2026

The global brain mapping instruments market size is anticipated to reach USD 2.33 billion by according to a new report by Grand View Research, Inc. 2026 expanding at a 5.8% CAGR over the forecast period, increasing incidence of brain ailments as well as other neurological diseases and rising adoption of advanced technology and increasing awareness of neurodiagnostic imaging is anticipated to boost the market’s growth.

Increase in the number of patients suffering from neurological diseases such as Alzheimer’s disease, epilepsy, and Traumatic Brain Injury (TBI) are anticipated to propel this market’s growth. It also includes patients who suffer from physical injuries to the brain such as concussion. According to the American Society of Neuroradiology (ASNR), more than 75% of TBI are termed as concussion due to their mild nature of occurrence. According to the University of Pittsburgh’s Brain Trauma Research Center, more than 3,00,000 concussions occurring in the U.S. annually, are mainly sports related.

Technological advancement includes 3D brain images using Magnetic Resonance Imaging (MRI). Medtronic started a project that aims to personalized 3D brain images to help neurosurgeons. This project aims to use MRI data known as Resting-State Functional MRI (rsfMRI). This technique helps surgeons to detect typical functioning areas of brain with 3D images of brain’s anatomy. Thus, this project helps surgeons to remove brain tumor with minimal risk.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/brain-mapping-instruments-market

Further key findings from the study suggest:

  • Computed Axial Tomography (CAT) dominated the market segment in 2018 with the highest market share owing its assistance to doctors by providing them accurate 3D images of the internal organs and structures of the body such as, small nodules or tumors which cannot be seen by a normal X-ray.
  • North America dominated the brain mapping instruments market with the highest revenue share in 2018 owing to the technological advancements, awareness of brain mapping instruments and rising health concerns in the region.
  • The key players have launched technologically enhanced products to gain competitive advantage in the industry. For instance, in 2016, Koninklijke Philips N.V., launched its IntelliSpace Portal 9.0 which is designed to offer analysis to track certain neurological applications and compare brain images to determine patient progression. It helps radiologists to detect, diagnose and follow-up certain treatment of diseases.

Europe Diabetes Devices Market Size Worth $8.7 Billion By 2026

The Europe diabetes devices market size is expected to reach 8.7 billion by 2026, according to a new report by Grand View research, Inc. registering a CAGR of 4.0% over the forecast period. The size of the market is justified by the contribution from developed European economies such as Germany, U.K., France, and Italy. The prevalence of diabetes is rising amongst all ages in the European countries, mainly due to the unhealthy lifestyle, obesity, overweight, and physical inactivity. According to the International Diabetes Federation (IDF), around 66.0 million people in Europe are suffering from diabetes and this number is expected to increase to around 81.0 million by 2045. Thus, rising diabetes population base in this region is anticipated to be a major driver for the Europe diabetes devices market.

Additionally, the region is expected to witness high growth rate during the forecast period due to the continuous efforts towards diabetes control by the government and healthcare organizations such as the IDF. These organizations provide required expertise and support diabetes awareness campaigns through a network of stakeholders and partners. Also, increasing health care funding in the region is anticipated to propel the market’s growth.

Moreover, rising geriatric population is also anticipated to propel the market growth over the forecast period. In 2018, nearly one fifth of the Europe’s population was over 65 years age which is further fueling the diabetes device market. According to the United Nation report on World Population Aging, older population in Europe is projected to constitute 35.0% of total population by 2050. Furthermore, leading manufacturers are focusing on technological innovations and advanced product development to gain remarkable share in the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/europe-diabetes-devices-market

Further key findings from the report suggest:

  • Germany held the largest market share owing to favorable reimbursement policies, local presence of key market players, and supportive government initiatives.
  • In the self-monitoring and diagnostic devices segment, digital glucose monitors held the largest market size of 1.2 billion in 2018 and is growing at a CAGR of over 4.6% during the forecast period.
  • Insulin pens held the largest market share in 2018 and the segment is projected to grow at a CAGR of 3.7% over the forecast period. The growth in this segment is attributed to ease of use and the ability to deliver accurate dosage.
  • Insulin pumps segment is expected to grow during the forecast period. The segment is primarily driven by its advantage such as need of fewer injections to deliver insulin.
  • Some of the prominent players include in Europe diabetes devices market are Eli Lilly and Company, Medtronic, Inc., Novo Nordisk A/S, Sanofi, Becton, Dickinson and Company, F. Hoffmann-La Roche, Ltd., B.Braun Melsungen AG, Ypsomed Holding AG, Abbott Laboratories and others.