Thalassemia Market Size Worth $3.53 Billion By 2022

The global thalassemia market size is expected to be valued at USD 3.53 billion by 2022, as per a new report by Grand View Research, Inc., exhibiting a CAGR of 10.8% during the forecast period. Increase in demand for a universal cure, rise in awareness about the disease, and technological advancements are likely to increase the adoption of gene therapies.

Thalassemia is a general term for a group of inheritable blood disorders, in which the body produces abnormal hemoglobin, resulting in the destruction of red blood cells. This ultimately leads to anemia. There are two main types of thalassemia: alpha-thalassemia and beta-thalassemia, the latter being more serious. Beta-thalassemia is a common autosomal recessive disorder worldwide and it is relatively rare in the U.S.

Increase in the incidence of thalassemia is anticipated to fuel market growth. Despite technological advancements, the unmet need for a reliable treatment option still exists. Treatment of thalassemia is mostly restricted to regular blood transfusions and iron chelation therapy. Drugs prescribed for thalassemia mostly cure symptoms and side effects such as anemia, iron overload, and vitamin deficiency. However, gene therapy is emerging as a reliable treatment option for the disease.

Prevalence of thalassemia is reported to increase gradually over the years across different regions. This can be attributed to population migration, intermarriages, and genetic and environmental factors prompting the condition and its implications.

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

Further Key Findings From the Report Suggest:

The global thalassemia market is expected to expand at a lucrative CAGR of 10.8% over the forecast period because of improved safety and efficacy profiles of gene therapy
India and Thailand are expected to offer lucrative growth opportunities for market expansion
Some of the key players in the industry with promising pipeline products are bluebird bio, Inc.; Acceleron Pharma; Novartis AG; Incyte Corporation; Kiadis Pharma; Gamida Cell; and Celgene Corporation
Blood transfusion and iron chelation therapies were the preferred treatment options for thalassemia in 2016, owing to their higher usage, ease, and affordability. However, the segments are likely to lose market share over the forecast period due to the increase in adoption of curative gene therapy
Regionally, among the seven major markets, EU5 held the dominant share in terms of revenue in 2016, followed by U.S. and Japan
U.S. is expected to be the fastest-growing region with a lucrative CAGR from 2016 to 2022 due to an increase in the prevalence of the disease and presence of well-established healthcare services

Patient Positioning Systems Market Size To Reach $1.4 Billion By 2025

The global patient positioning systems market is anticipated to reach USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 4.7% CAGR during the forecast period. This market is expected to witness lucrative growth during through 2025 owing to rising awareness about and surging expenditure on diagnostic procedures. In addition, increasing prevalence of cancer and rising geriatric population are expected to assist in market growth.

According to the National Cancer Institute, in 2016, there were 1,685,210 new cases of cancer diagnosed in U.S. and 14.1 million cases globally. The most common types of cancer are breast cancer, prostate cancer, and colon and rectum cancer. This steady increase in disease prevalence acts as a driver for R&D investments in the industry. Increase in innovation has resulted in improved efficiency and accuracy of these systems in cancer therapy. These products keep patients immobile yet comfortable during radiotherapy. This is anticipated to supplement industry growth.

Rising expenditure on diagnostics procedures has been a strong force driving demand in the market. According to a research published by NCBI, majority oncologists and cardiologists in U.S. and Germany prescribe diagnostics tests and choose a treatment plan only after studying test results. Thus, demand for diagnostics tests is increasing globally.

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https://www.grandviewresearch.com/industry-analysis/patient-positioning-systems-market

Further Key Findings From the Report Suggest:

By product, the tables segment held a lucrative market share in 2016, owing to increasing prevalence of cancer and rising number of surgeries performed
In terms of application, the surgery segment is expected to account for the dominant market share on account of rising incidence of cancer, globally
By end use, the ambulatory segment is expected to register the highest growth over the forecast period owning to increase in precision of minimally invasive technologies
North America is projected to dominate the patient positioning systems market over the forecast period due to presence of a large number of diagnostic centers
Some of the key players in the patient positioning systems market are Medtronic; Hill-Rom Holdings, Inc.; Stryker Corporation; Medline Industries; Skytron, LLC; OPT SurgiSystems Srl; SchureMed; Smith & Nephew; STERIS plc; and Leoni.

Medical Carts Market Size Worth $4.55 Billion By 2025

The global medical carts market size is expected to reach USD 4.55 billion by 2025 by exhibiting a CAGR of 15.2% during the forecast period, according to a new report by Grand View Research, Inc. An increase in the adoption of electronic medical records (EMR) in hospitals is expected to drive the medical carts market. The growth of the market can also be attributed to the increasing demand for efficient care delivery and patient engagement solutions in healthcare facilities.

Rising incidence of work-related musculoskeletal injury (MSI) among medical and nursing staff is anticipated to propel the demand for mobile medical carts over the forecast period. Furthermore, advancements in clinical workstations such as battery-powered systems with locking drawers and touchscreen communication channels are contributing to the increase in demand for these products over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/medical-carts-market

Further key findings from the report suggest:

By product, mobile computing carts accounted for the largest share in 2016 owing to increased application in healthcare facilities, such as medical documentation, equipment delivery, dispensing of drugs, and telehealth services
Mobile computing carts can be powered and nonpowered. The powered segment is expected to witness lucrative growth in the coming years due to benefits such as portability
By type, emergency carts held the majority in 2016 owing to various technological advancements such as improved mobility, lighter weight designs, and enhanced ergonomics
Hospitals are the largest end users of medical carts. This can be attributed to the increasing incidence of work-related MSIs among hospital staff and the spread of infectious diseases
Companies are focusing on product launches and innovation to cater to differentiated demand from consumers. They are also offering cost-efficient care delivery solutions to stay ahead
For instance, in October 2015, Ergotron, Inc. launched the SV10 series of Styleview Medical Carts to improve its revenue share.

Restorative Dentistry Market Worth $25.9 Billion By 2025

The global restorative dentistry market size is anticipated to reach USD 25.9 billion by 2025, growing at a CAGR 6.7%, according to a new report by Grand View Research, Inc. Growing number of dental practices with shifting trend towards group & corporate dental practices, the advent of digital dentistry, increasing demand for cosmetic dentistry & implants, and growth of dental tourism are among the key factors driving the market growth.

With the growing enrollment of students into dental schools, the number of dental practices is likely to increase over the forecast period. The shifting trend towards the group, multi-unit, and corporate dental practices, which are focused on providing high-efficiency, quality care to patients is also likely to bolster market growth. Besides, due to growing consumerism and disposable income amongst patients, the demand for cosmetic dentistry procedures focussed on aesthetics is also rising. These factors are in turn likely to boost the restorative dentistry market over the forecast period.

The advent of digital dentistry with technological advancements in areas such as CAD/CAM systems, intraoral imaging, digital radiography, caries diagnosis, and computer-aided implant dentistry have improved the precision and accuracy of restorations and contributed to the growth of the restorative dentistry market. The growth of dental tourism especially in emerging economies such as India and China is also likely to drive the restorative dentistry market over the forecast period, especially in Asia Pacific.

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https://www.grandviewresearch.com/industry-analysis/restorative-dentistry-market

Further Key Findings From the Report Suggest:

Restorative materials accounted for the largest share, by product, in 2016 owing to the extensive usage of these materials in dental practice.
Dental hospitals & clinics segment is anticipated to dominate the market in the forecast period. The growth of this segment can be attributed to the growing number of dental practices and enrollment into dental courses.
Asia Pacific restorative dentistry market is expected to grow with the highest CAGR over the forecast period owing to the large population of this region along with rising awareness regarding oral health and a growing number of dental colleges in this region.
Major players of the market include 3M, Dentsply Sirona, Danaher Corporation, Ivoclar Vivadent AG, GC Corporation, Mitsui Chemicals, Inc., Institut Straumann AG, Zimmer Biomet, Septodont Holding, and COLTENE Holding.

Welded Spiral Heat Exchanger Market Size Worth $1.8 Billion By 2025

The global welded spiral heat exchanger market size is anticipated to reach USD 1.8 billion by 2025, exhibiting a CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. The global market is expected to witness significant growth on account of rising product demand from various industries including chemicals, petroleum, and food & beverage, among others.

Key materials widely used for the manufacturing of welded spiral heat exchanger include steel, nitrile aluminum, rubber gasket, brass alloy, and titanium, among others. The market is characterized by the presence of top manufacturers such as Alfa Laval and Danfoss. The operations of these companies are integrated across the manufacturing and distribution processes of welded spiral heat exchangers.

Welded spiral heat exchangers have an advantage over a conventional heat exchanger as the fluid is exposed to a much larger surface area. They also provide much higher thermal performance compared to conventional heat exchangers. Welded spiral heat exchanger is ideal for dangerous and aggressive fluids as leakage is practically excluded owing to welded channel construction.

Based on end use, HVAC & refrigeration is expected to be the largest segment and projected to hold its position over the forecast period. The segment was valued at USD 282.1 million in 2018. Food & beverages end-use segment is expected to be the fastest-growing segment and likely to register a CAGR of 5.0% from 2019 to 2025. Power generation segment is projected to witness significant growth in the market at a growth rate of 4.2% from 2019 to 2025.

Growing industrialization in the developing economies of Asia Pacific and increasing investments in manufacturing, commercial, and industrial projects have contributed to the overall growth of the market. This has led to increased demand for spiral heat exchangers in the region as they are largely used in industries such as petrochemical and food & beverages and power generation companies. A major shift in demand for spiral heat exchangers is being witnessed from mature European and North American markets in the developing economies in Asia Pacific such as China and India.

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https://www.grandviewresearch.com/industry-analysis/welded-spiral-heat-exchangers-market

Further key findings from the report suggest:

Asia Pacific accounted for 37.6% of the overall market in 2018 and is expected to be the largest market, accelerating at a CAGR of 5.2% over the forecast period
The European market was valued at USD 397.1 million in 2018 and is likely to be the second-largest market over the forecast period owing to the rising construction and automobile industries
CSA is expected to exhibit the fastest growth rate in the global welded spiral heat exchanger market at a CAGR of 6.3% from 2019 to 2025 on account of growing petrochemical and food & beverages industries in the region.

Geospatial Analytics Market Size Worth $134.48 Billion By 2025

The global geospatial analytics market size is expected to reach USD 134,479.7 million by 2025, registering a CAGR of 15.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Numerous innovations and advancements in the drone technology and increasing deployment of Unmanned Aerial Vehicles (UAVs) for remotely monitoring and gathering a large number of location data with minimal human intervention are likely to unfold new opportunities for market growth. Additionally, the increasing use of GPS-enabled smartphones and devices is also anticipated to drive market growth.

Increasing smart city initiatives have resulted in the growing need for innovative technologies for use in 3D urban mapping; monitoring and mapping natural resources, agriculture, and utilities; and disaster management. In case of natural disasters, location-based analytics enables decision makers to take suitable actions. Moreover, major oil & gas companies across the globe are increasingly deploying geospatial analytics solutions to discover potential crude oil and natural gas deposits and to monitor their vast pipeline network.

The use of geospatial technologies in the automotive industry is increasing owing to the growing safety concerns among passengers. According to data released by the U.S. Census Bureau, about 85.7 percent of the U.S. employees above 16 years of age commute to work in a van, car, or truck, either by driving alone or via carpooling. With around 125 million people traveling by road every day, the U.S. transportation system faces numerous challenges such as congested highways and fatal vehicle collisions.

As per the National Highway Traffic Safety Administration, it is estimated that on an average, 102 people die from vehicle accidents every day. In an attempt to address this, automotive manufacturers are focusing on implementing technologies such as IoT and location-based services in vehicles to make driving safer and easier. The commercialization of upcoming autonomous vehicles also heavily relies on the integration of Geographic Information Science (GIS) and advanced geospatial technology.

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https://www.grandviewresearch.com/industry-analysis/geospatial-analytics-market

Further key findings from the study suggest:

The service segment is anticipated to emerge as the fastest-growing component segment over the forecast period owing to the increasing demand for deployment, training, and support services by government and public safety agencies
The network & location analytics segment is anticipated to gain traction owing to the increasing use of network & location analytics systems by companies for analyzing buying behavior and foot traffic patterns as well as for studying behavior patterns in a brick-and-mortar environment
The military intelligence application segment is expected to witness the highest growth over the forecast period owing to the rising adoption of UAVs and increasing number of remote sensing satellites
Asia Pacific is expected to register the highest CAGR from 2019 to 2025. Numerous smart city initiatives such as the ASEAN Smart Cities Initiative are anticipated to fuel the demand for geospatial analytics software in the region
Key players operating in the geospatial analytics market include Alteryx, Inc., DigitalGlobe, Fugro N.V., Hexagon AB, RMSI, SAP SE, Trimble Inc., Maxar Technologies Inc., MapLarge, Harris Corporation, Bentley Systems Incorporated, ESRI, General Electric Company, Oracle Corporation, and Google LLC.

Electric Mobility Market Size Worth $489,315.6 Million By 2025

The global electric mobility market size is expected to reach USD 489,315.6 million by 2025 and register CAGR of 21.6% from 2019 to 2025, according to a study conducted by Grand View Research, Inc. Electric mobility, or E-Mobility or Electro Mobility is increasingly accounting for a significant share of the global automotive industry and is changing the way mobility as a concept is conceived by the end-user. Governments across the globe are proactively adopting strategies promoting the adoption of electric vehicles (EVs) with an aim of reach the goals related to climate change, dependence on oil, local air quality, and industrial development. Government initiatives aimed at reducing the global carbon footprint by minimizing the consumption of conventional fuel, bringing down the cost of environment-friendly and high-capacity batteries, and the growing consumer preference for shared mobility are expected to drive the market over the forecast period.

Advances in E-sharing mobility services such as shared taxi, ride sharing, and E-bike and car sharing are expected to increase the consumption of EVs use globally. However, a lack of consumer awareness pertaining to maintenance cost of EVs is a primary barrier to their widespread adoption. Although the upfront cost of an EV exceeds that of cars powered by IC engines, the reduction in battery cost have ultimately reduced the costs of EVs to a great extent over the past four years. These favorable trends with respect to cost, combined with changing consumer preferences, are likely to enhance the adoption of EVs, thereby augmenting the growth of the global market for electric mobility.

Geographically, Asia Pacific accounted for over 53% E-mobility market share in 2018. This is majorly due to presence of some of the leading producers of EVs in countries such as Japan, and China. Moreover, several countries in the region are planning to ban the sales of internal combustion engines and have set goals to achieve a certain share of EVs in their vehicular fleet by certain years in the near future to promote the uptake of cleaner vehicles. For instance, the Indian government has decided to increase financial support for EVs to up to USD 1.3 billion under its second phase of Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles (FAME II) scheme.

Some of the key players in the market for E-mobility are Zero Motorcycles, Inc., Kinetic Green Energy & Power Solutions Ltd., General Motors, Terra Motors, BYD Company Ltd., Vmoto Limited ABN, Continental AG, Mahindra Electric Mobility Limited, ALTA MOTORS, Tesla, Accell Group, and Nissan Motor Corporation. The transition to electric mobility is opening lucrative opportunities for the existing as well as new market entrants to operate with new business models across the value chain of the market. Leading companies are focusing on acquisitions and expansion opportunities to tap a larger share of the market.

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https://www.grandviewresearch.com/industry-analysis/electric-mobility-market

Further key findings from the report suggest:

Based on battery, the Li-ion segment is likely to register the highest CAGR of 23.8% over the forecast period. Remarkable growth prospects exist in the Li-ion battery market as battery suppliers and manufacturers strive to offer safe, reliable, and cheap battery solutions with improved energy density, making EVs a feasible option for consumers
In terms of product, the electric car segment accounted for the dominant revenue share of the electric mobility market in 2018 and is estimated to retain its dominance over the forecast period as well
By voltage, the 24V segment held the dominant share in the market in 2018 and is likely to continue to account for a significant share over the forecast period as well. However, the demand for segment of greater than 48V is anticipated to substantially rise in the near future
Asia Pacific is expected to be the largest regional E-mobility market over the forecast period owing to massive investments in vehicle charging infrastructure for electro mobility services and is expected to reach USD 274,200.2 million by 2025
Zero Motorcycles, Inc., Kinetic Green Energy & Power Solutions Ltd., General Motors, Terra Motors, BYD Company Ltd., Vmoto Limited ABN, Continental AG, Mahindra Electric Mobility Limited, ALTA MOTORS, Tesla, Accell Group, and Nissan Motor Corporation are some of the leading vendors in the market.

Sports Technology Market Size Worth $34.99 Billion By 2025

The global sports technology market size is expected to reach USD 34.99 billion by 2025, growing at a CAGR of 20.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The growing adoption of IoT technologies, coupled with the integration of social media with stadium technologies, and the need for real-time player statistics are the key factors driving the market growth over the forecast period. Additionally, upcoming international and national sports events and substantial enhancements in spectators engagement are expected to surge the demand for sports technology.

Stadiums across developed and emerging economies are being renovated to offer facilities such as better smart parking, operational efficiency, enhanced security, and next-generation viewing experience. Currently, Artificial Intelligence (AI)-based sports analytics is of key importance while developing strategies for boosting individual performance, scouting new talent, and reducing injuries. Moreover, the increasing focus on delighting & engaging fans at the stadium and growing demand for data-driven decisions & operations are also expected to influence the market growth. Additionally, the U.S. Supreme Court has legalized sports betting, which is expected to positively influence the market growth.

The growth of the European region can be attributed to the increasing disposable income and rising demand for wearable devices in emerging economies such as Russia, Poland, Greece, and Turkey. The emergence of professional leagues, digitalization of sports, and increasing penetration of internet & cloud technology are driving the Asia Pacific market growth. Moreover, sports organizations, including New Zealand Cricket, Indian Premier League (IPL), Sahara Force India, and Melbourne Cricket Association, are using advanced technologies for hosting tournaments.

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

Further key findings from the study suggest:

The smart stadium segment is expected to dominate the market by 2025 owing to the increasing construction of smart stadiums across emerging economies
The basketball segment is projected to register a CAGR of 21.0% from 2019 to 2025 as market players are focused on developing new ways to integrate wearable technologies in basketball games
The Asia Pacific regional market is estimated to register a CAGR of 23.0% over the forecast period owing to growth in social media analytics, IoT, internet adoption, and smart devices
The prominent market players include IBM Corporation; Cisco Systems, Inc.; Telefonaktiebolaget LM Ericsson; SAP SE, among others.

Ocular Implants Market Size Worth $18.4 Billion By 2025

The global ocular implants market size is expected to reach USD 18.4 billion by 2025, growing at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. The increase in the incidence of cataracts is a major factor driving the growth of the market. Cataract has been identified as a leading cause of blindness globally, and this has encouraged many industry players and government organizations to develop ocular implants.

Technological advancements and increasing acceptance of vision correction coupled with the fast adoption of intraocular lenses in cataract surgeries are the factors supporting this market’s growth. For instance, a new collagen glaucoma implant that inhibits the formation of scar and is biodegradable has been developed.

Eye research institutes play a vital role in the technological advancements associated with intraocular lenses. The advent of various advanced intraocular lenses and an increase in competition amongst players for the development of better lenses as well as a rise in investment in eye research institutes by government and non-government organizations are anticipated to fuel market growth. Hence, owing to the rise in the number of clinical trials pertaining to these lenses and an increase in government expenditure on R&D, the market is expected to witness lucrative growth in the intraocular segment.

In addition, an increase in ophthalmic disorders and demand for better eye implants are creating abundant growth opportunities for this market, which is expected to increase the number of players in the market.

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https://www.grandviewresearch.com/industry-analysis/ocular-implants-market

Further key findings from the report suggest:

Intraocular lenses, corneal implants, orbital implants, glaucoma implants, and ocular prosthesis are the key segments analyzed in this study. The glaucoma implants segment was identified as the largest and is expected to grow at a CAGR of over 6.0% during the forecast period.
North America is one of the most lucrative regions for ocular implants due to the growing aging population and the easy availability of reimbursement facilities, which boosts the regional market. The U.S. is the most dominating country in this region, owing to a large population having supportive insurance coverage, technological advancements, and an aging population, which is more prone to cataracts.
Ophthalmic clinics in developing countries are working toward providing affordable eye care services, which in turn encourages medical tourism in these countries. As a result, the demand for intraocular lenses is increasing in developing countries, thereby, driving ocular implants market growth.
Some key players are Bausch & Lomb Incorporation; Alcon Inc.; Johnson & Johnson Vision Care; Carl Zeiss Meditec AG.; MORCHER GmbH; and STAAR Surgical

Acute Lymphocytic/Lymphoblastic Leukemia Therapeutics Worth $3.4 Billion By 2025

The global acute lymphocytic/lymphoblastic leukemia therapeutics market is expected to reach USD 3.4 billion by 2025, according to a new report by Grand View Research, Inc. Increasing public and private initiatives for diagnosis of Acute Lymphoblastic Leukemia (ALL), rising number of bone marrow biopsies, and availability of other treatment options are factors expected to increase the adoption of ALL procedures. For instance, The Baby Friendly Initiative Program by UNICEF (UK) and SickKids-Caribbean Initiative, a collaborative approach between hospitals and healthcare institutions in Canada, aim to provide free diagnosis and treatment services to infants suffering from ALL, who meet certain eligibility criteria.

Furthermore, rising incidence of ALL is anticipated to boost the market. The disease is prevalent among children below 5 years of age. The risk of contracting ALL is the highest between the ages of 0 and 20. On the other hand, adults are also at a risk of developing this condition. The median age of men diagnosed with this condition is approximately 55 years.

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http://www.grandviewresearch.com/industry-analysis/acute-lymphocytic-lymphoblastic-leukemia-therapeutics-market

Further Key Findings From the Report Suggest:

Chemotherapy dominated the market in 2016 owing to its high prescription rate, presence of a wide product portfolio, and easy availability of products
Targeted therapy is anticipated to be the most preferred therapy in comparison to other types of therapies due to its associated benefits such as target-specific action and its ability to prevent collateral damage, leading to faster recovery
Precursor B-ALL dominated the market in 2016 and is expected to be the fastest growing segment during the forecast period due to increasing prevalence of BCR-ABL and Burkitt leukemia, which are its subtypes
North America dominated the market in 2016 owing to factors such as the increase in demand for chemotherapy regimen such as CALGB 8811 and oncaspar in this region
Asia Pacific is anticipated to be the fastest growing region with a lucrative CAGR during the forecast period due to growing awareness about ALL. Furthermore, the rising disposable income and presence of large population base are some of the factors expected to propel the growth in this region
Key players in this industry are Erytech Pharma, Spectrum Pharmaceuticals, Inc., Pfizer, Inc., Sigma-Tau s.p.a., and Genzyme Corporation
Key players are focusing on strategies such as expansion of product portfolio and collaborations. For instance, in June 2017, Bristol-Myers Squibb Company and QIAGEN entered into an agreement to use Next-Generation Sequencing (NGS) technology to develop gene expression profiles for immune-oncology therapies