Medical Disposables Market Size Worth $844.83 Billion By 2027

The global medical disposables market size is expected to reach USD 844.83 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.7% from 2020 to 2027. Rising incidence of Hospital Acquired Infections (HAIs), impact of COVID-19 outbreak, and increasing number of surgical procedures are the key factors driving the market for medical disposables.

Increasing number of surgeries globally is a key factor expected to drive the market over the forecast period. For instance, as per Mölnlycke Health Care AB, 70.00 million surgical procedures are performed every year in Europe. As such, medical disposable products such as hospital gowns, disposables eye gear, hand sanitizers, respiratory supplies, and sterilization supplies, which are being an essential requirement for surgical procedures, are expected to witness high demand over the forecast period. For instance, as per the report published by the Organization for Economic Co-operation and Development (OECD), around 390,352 surgeries were performed in Canada in 2017. Disposable products prevent the transmission of nosocomial infections to some extent owing to which surgeons consistently prefer to use disposable products over the reusable ones. Such factors are expected to boost market growth.

Increasing incidence of HAIs due to lack of sanitation and precaution is also one of the leading factors contributing to the market growth. For instance, as per the CDC, about one in 25 hospital patients contracts at least one HAI every year. Non-woven disposables such as hospital gowns provide general protection against contamination and can help to lower the risk of contracting HAIs. Furthermore, they can prevent bacterial and other microbial infections from entering a patient’s body. Thus, surgeons recommend patients to wear disposable gowns before medical procedures. These factors are anticipated to propel the market growth over the forecast period.

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

Further key findings from the study suggest:

In terms of product, disposable masks held the largest share in 2019. This is attributed to their increasing usage due to the outbreak of COVID-19 across the globe
Based on raw material, nonwoven material is anticipated to witness the fastest growth over the forecast period owing to increasing number of hospital admissions
By end use, hospitals are expected to witness the fastest growth over the forecast period due to rising number of patient admissions in hospitals for surgeries and treatments for COVID-19
Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising surgical procedures and increasing number of COVID-19 cases in this region.

Antifungal Drugs Market Size Worth $12.7 Billion By 2025

The global antifungal drugs market size is expected to reach USD 12.7 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 1.5% during the forecast period. Increasing incidence of fungal infections worldwide is the key factor stoking the growth of the market. In addition, rise in adoption of immunosuppressive and antineoplastic agents, prosthetic devices and grafts, and broad-spectrum antibiotics has resulted in increased incidence of fungal infections in recent years.

According to statistics published by the Centers of Disease Control and Prevention in 2017, it has been estimated that every year, nearly 220,000 new individuals are affected by cryptococcal meningitis, which is a brain infection and has resulted in 181,000 deaths per year around the world. Most of the deaths were reported in sub-Saharan Africa, due to high prevalence of HIV/AIDS. This indicates the potential demand for antifungal drugs due to high prevalence of mycological infections around the globe.

As aged people are more prone to infectious diseases and chronic conditions, including HIV and cancer, rise in geriatric population worldwide is likely to stir up the demand for antifungals to treat opportunistic fungal infections. The demand for fungistatic agents is estimated to remain strong through 2025 due to mounting cases of fungal infections that are difficult to diagnose, yielding high mortality and morbidity rates.

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https://www.grandviewresearch.com/industry-analysis/antifungal-drugs-market

Further key findings from the study suggest:

Several types of fungicidal preparations, such as creams, sprays, tablets, & injections, are available. Increasing adoption of these products is anticipated to drive the market during the forecast period
The echinocandins segment is anticipated to exhibit lucrative growth owing to their cell wall-specific fungicidal property coupled with their broad-spectrum activity against Aspergillus and Candida species without cross-resistance risks
The candidiasis indication segment is expected to witness the fastest CAGR over the forecast period due to increasing drug resistance of the Candida species to Azoles
North America held the largest market share in 2017. The growth of the market can be attributed to higher awareness levels pertaining to treatment of fungal infection and presence of a large target population
Asia pacific is projected to register the fastest growth during the forecast period due to improving healthcare facilities coupled with rising government initiatives to create awareness of infectious diseases among the population
Companies are focusing on development of effective therapeutic agents for treatment of systemic fungal infections in immune-compromised patients
Numerous ongoing public-private partnership agreements in the pharmaceutical industry for development of novel therapeutics is poised to provide the market with lucrative growth opportunities. For instance, Astellas Pharma partnered with Vical Incorporated for the development of VL-2397, an antifungal drug for the treatment of pulmonary aspergillus.

Electron Microscope Market Worth $5.7 Billion by 2025

The global electron microscope market size is expected to reach USD 5.7 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.4% over the forecast period. Rising investment in research and increasing use of electron microscopes in industries such as semiconductors, life sciences, and materials research Industries is anticipated to boost the market growth. Developing countries offer new investment avenues to the global market giants. The developing infrastructure and increasing research investments are driving the demand for advanced medical devices in these countries.

Microscopes are used extensively in the field of semiconductors. In the field of life sciences, they can be used in clinical trials, toxicology, pathology, diagnosis of diseases, and various other sub disciplines. Microscopy can also be used for characterization of materials, to study their internal structures, and various other applications. They are used in forensics, food industry, healthcare, and chemical among other industries.

Few of the key players in the electron microscopes market are Nikon Metrology Inc.; Thermo Fisher Scientific.; ZEISS, International; JEOL Ltd.; Angstrom Advanced Inc.; Hirox Europe Ltd.; and Hitachi High-Technologies Europe GmbH. Regional and service portfolio expansions and mergers and acquisitions are the key strategic undertakings adopted by these players. For instance, in June 2018, Thermo Fischer Scientific acquired electron microscope software console from Roper technologies.

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https://www.grandviewresearch.com/industry-analysis/electron-microscopes-market

Further key findings from the study suggest:

The global electron microscopes market was valued at USD 3.2 billion in 2017 and is expected to grow lucratively over the forecast period
Scanning electron microscope segment is anticipated to expand at the fastest CAGR over the forecast period
Life sciences segment captured the largest market share in 2017
Nanotechnology is expected to witness the fastest CAGR during the forecast period owing to increasing investments
Asia Pacific is expected to exhibit high growth over the forecast period owing to rising investments from global market players.

pH Meters Market Size To Reach $1.95 Billion By 2022

Global pH meters market is expected to reach nearly USD 1,951.2 million by 2022 according to a new report by Grand View Research Inc. Key factors attributing to the market growth are introduction of technologically advanced portable and bench top pH meters, growing concerns to monitor environmental pollution and the need to regulate pH levels in various consumable products.

Increasing demand for quality control and routine testing of soil, water, food, beverage, and dairy products is driving the use of new generation pH meters with multi-parameter analysis. The new devices are improving the efficiency, accuracy, ease of usage, and cost-effectiveness, which are expected to serve as high-impact rendering drivers over the forecast period.

Increasing awareness regarding the need to regulate waste water pH in industries such as chemicals, pharmaceuticals, food processing, and other end use sectors is a key factor boosting the usage rates. pH neutralization of the waste water discharged from these industries is critical to prevent corrosion of sewage pipes and prevent leakage of harmful substances in to the land and other water bodies.

Furthermore, growing awareness about soil pH and its impact on plant nutrient absorption is a key factor boosting the soil pH analysis. Maintaining the appropriate ratio of nitrogen, phosphorous, and potassium (N-P-K) in the soil plays an important role in improving the product yield, quality, and also improves resistance to various diseases. The shift towards scientific agricultural practices and growing demand for organic farming, soil testing, irrigational water testing, are some the key factors expected to positively reinforce market growth over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/ph-meter-market

Further key findings from the study suggest:

In 2014, bench top pH meters were the largest segment accounting for nearly 57% of the market. Bench top pH meters are widely used in different industries, research labs and commercial testing centers owing to their advanced features, ease of operation, durability of the sensors, and accuracy.
Portable pH meters are expected to be the fastest growing segment over the forecast period. Low cost of these devices, high accuracy and ability to monitor pH of samples at any location are major factors expected to boost the usage rates in the next seven years.
In 2014, Europe dominated the overall pH meters market with nearly 34% share. Some key factors attributed to the high share are presence of stringent environmental regulations, awareness about scientific agricultural, food and beverage manufacturing practices.
However, Asia Pacific is expected to the fastest growing with a CAGR of 7.9% over the forecast period. The shift from traditional agricultural practices to scientific and organic farming, increasing emphasis on managing waste water discharge, and increasing demand from academic, food processing, beverages and other end use industries are key factors expected to reinforce the market growth over the forecast period.
The market is witnessing high competition due to the presence of a large number of small and medium scale manufacturers catering to regional demand. Key market players include Thermo Fisher Scientific, Danaher Corporation, Mettler Toledo, Metrohm USA, Hanna Instruments, Agilent Technologies, and Perkin Elmer.

Revenue Assurance Market Size Worth $8.71 Billion By 2027

The global revenue assurance market size is projected to reach USD 8.71 billion by 2027, expanding at a CAGR of 11.1% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Revenue assurance is a prime factor that upholds operators’ margins. It mainly focuses on the important areas such as detecting leakage of revenues, correcting, or fixing the issue and then ensuring that changes are made to avoid recurring issues. It is imperative for operators to assess the complete lifecycle of capturing and identifying data leakages and recovering them to prevent revenue loss and establish a building block for fee or income transparency.

The telecommunication industry has undergone a rapid evolution. Technological advancements in regards with artificial intelligence (AI) capabilities, 5G networks, and IoT have mainly been led by the need to offer tailored services and applications effortlessly to users in a pervasive manner. Significant changes are expected to take place in existing telecommunications networks and service infrastructure for offering new and converged services across the heterogeneous access networks to a wide range of end users. For instance, changes in voice calling and networks have exposed many carriers to revenue losses. The deficiency of quality arises from concerns such as call routing across multiple networks. Poor or inadequate call quality compromises the customer experience and revenue is often delayed through inter-carrier differences over fair charges and the service quality delivered. This transformation in itself is a huge challenge for operators since they need to safeguard their unique and evolving infrastructure from fraud and revenue assurance threats.

Growing business complexities are expected to catapult the demand for revenue assurance solutions and services over the forecast period. An increase in complication of networks and services, coupled with rising usage of technology by fraudsters, is also expected to boost the demand for revenue assurance over the forecast period. The revenue streams processes have become complex due to rising number of participants and types of services being offered. Despite the improved technology infrastructure, revenue leakage occurs at several points alongside the revenue flow and are possibly very significant.

Nevertheless, lack of organizational empowerment and shortage of skilled personnel may pose a challenge to market growth. End-use industries often lack their responsibility towards empowering their resources and refuse to spend extra in investing in revenue assurance solutions and services, which is expected to restrain the demand in the years to come. Additionally, with millions of subscribers, a range of new and innovative products, customized solutions, operational support services, including order fulfillment, service configuration, billing, and customer care, are becoming complex. Hence, the cost of handling these operations requires skilled resources, thereby increasing the financial overhead. Lack of emphasis on change frequently leads to severe instances, which have a financial impact like unexpected revenue leakages that affect billing due to changes in the network, particularly if risk management activity is absent or weak. This is further projected to pose a challenge to market growth.

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https://www.grandviewresearch.com/industry-analysis/revenue-assurance-market

Further key findings from the report suggest:

By deployment model, the cloud segment is expected to expand at the fastest CAGR of 13.21% over the forecast period. Owing to rising inclination towards cloud-based solutions, major players in the market are investing in cloud-based applications and are supporting the telecom operators to reduce revenue frauds
Based on end-use vertical, the telecom sector accounted for 35.04% share in 2019 and is expected to witness fastest growth over the coming years as revenue assurance is one of the major concerns affecting the telecom industry worldwide
Asia Pacific is expected to expand at the highest CAGR of 15.1% over the forecast period owing to the high amount of revenue leakages in the region.

Audiobooks Market Size Worth $15.0 Billion By 2027

The global audiobooks market size is expected to reach USD 15.0 billion by 2027, expanding at an estimated CAGR of 24.4% from 2020 to 2027, according to a new report by Grand View Research, Inc. Owing to the flexibility of the audiobooks to cater to the varied audiences, including non-English speaking, physically-abled, multi-taskers, and people who prefer reading over watching television, the market has gained enormous traction over recent years. Furthermore, the technological advancements in publishing industry, such as email distribution of manuscripts, digital editing and the use of smartphones or tablets instead of hard copy scripts, and reduction in distribution costs are some of the other driving factors for this market.

The versatility of audiobooks is anticipated to create opportunities as the target audience is able to listen to the content during commute times and while performing daily chores or along their hobbies. According to an annual survey conducted by Audio Publishers Association (APA) in 2018, 74.0% of people listen to paperback content in their cars during their travel time using in-dash or infotainment systems. Also, the survey determined that the proliferation of smart speakers or personal digital assistants thrives well for the market growth in future.

Furthermore, the emergence of digital transformation technologies is anticipated to likely harness innovations. For instance, key market participants are now incorporating Artificial Intelligence (AI) for recommending personalized results to their users based on their listening history. The other attributes offered by AI, such as automating narrations of recorded contents to upgrade the text-to-speech technologies and creating summaries of files with key takeaways, are likely to propel the market growth during the forecast period.

Furthermore, the ongoing COVID-19 outbreak has led to stringent lockdowns in various countries where most of the people worldwide are maintaining social distancing. Shutting down public libraries and schools indefinitely to reduce community gatherings has majorly impacted the conventional print & publishing industry, thereby benefiting the audiobooks market. On account of the ‘stay-at-home’ orders issued by governments worldwide due to this pandemic, public and private libraries are opting for audio as well as video digital resources, including audiobooks and e-books to ensure the active engagement of their audiences.

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

Further key findings from the report suggest:

In 2019, fiction genre accounted for over 65.0% of the total revenue share
The kids segment is anticipated to witness the fastest expansion with an expected CAGR of over 25.0% over the next seven years
U.S. and China accounted for the largest revenue share in 2019 and are anticipated to continue their dominance in the market from 2020 to 2027
The subscription-based model is expected to grow at a faster rate as compared to the one-time download model as the one-time tariff system is more expensive

Data Center Colocation Market Size Worth $104.77 Billion By 2027

The global data center colocation market size is expected to reach USD 104.77 billion by 2027, expanding at a CAGR of 12.9% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Colocation is the practice of renting infrastructure and space for servers and various storage devices at a third-party provider’s facility. Colocation providers provide enterprises with infrastructure, along with other related services, such as physical security, networking, and power and cooling components. Reduction in the overall IT cost, enhanced security for the data, free maintenance of servers, and predictable yearly or monthly costs are motivating enterprises to adopt colocation services.

Rising adoption of online shopping is anticipated to upkeep the market growth over the next fewyears.Rising number of online shoppers directly translates to an increased volume of data across the retail industry. Large volume of data has led to increased investments in IT infrastructure, especially in data centers.In order to save IT costs, more and more retailers are opting for colocation centers, which is driving the market in the retail sector.

Increasing number of smartphone users has led to a large volume of data for telecom operators to manage. Considering the rising disposable income in developing economies, the number of smartphone users is bound to rise, which will result in additional volume of data. Telecom operators are opting for colocation centers to minimize their IT expenditure and manage data efficiently, thus fueling the market growth. However, security concerns among customers can hinder the market growth over the forecast period. Colocation providers are offering additional services such as facility monitoring over CCTV cameras to gain the trust of their customers.

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https://www.grandviewresearch.com/industry-analysis/data-center-colocation-market

Further key findings from the study suggest:

By colocation type, the wholesale segment is projected to expand at the fastest CAGR of 16.2% over the forecast period as global companies, such as Microsoft Corporation and Oracle Corporations, are renting wholesale colocation centersfor their servers
On the basis of enterprise size, the SMEs segment is expected to expand at the fastest CAGR of 15.5% from 2020 to 2027. This is due to the cost reduction benefits offered by colocation providers for SMEs that rely on digital infrastructure for their business growth
Based on end use, the IT and telecom segment held the largest market share of 26.58% in 2019.This is attributed to escalating number of mobile internet users, which has led to a rise in thevolume of digital data
The market is characterized by intense competition owing to the presence of several large organizations. Key players in the market are focused on expansion of their geographical presence to sustain competition.

Odor Control System Market Worth $7.6 Billion By 2027

The global odor control system market size is estimated to reach USD 7.6 billion by 2027, expanding at a CAGR of 5.4%, according to a study conducted by Grand View Research, Inc. The increase in toxic pollutants from end-use industries is anticipated to drive the market. The end-use industries such as power and energy, cement manufacturing, and chemical and petrochemical emit various types of toxic pollutants. Thus, reducing these exhaust gases, which cause malodor in the surrounding environment, is highly necessary. Therefore, odor control systems provide solutions for the treatment of the gases and pollutants and eliminate the malodor in the surrounding.

The activated carbon odor control system is expected to generate significant revenue over the forecast period. It is preferred by the end-use industries owing to its low cost and less power consumption. Moreover, additional benefit such as high efficiency in removing foul smell from the manufacturing facilities is further anticipated to generate the demand.

The power and energy segment dominated the market and accounted for revenue share of more than 26% in 2019. This is attributed to increasing volume of harmful gases coming out from power and energy plants established across the globe. When biogas and fossil fuels are burned in power and energy plants, gases including Carbon Dioxide (CO2), Sulfur Dioxide (SO2), and Nitrogen Oxide (NOx) get generated. Combination of these gases spreads malodor in the surrounding environment, thereby driving the market.

The market is characterized by intense competition, owing to the presence of a large number of industry participants. Thus, the key players in the market are focusing on developing cost-effective products to gain a competitive edge in the market. The major players operating in the market include Advanced Air Technologies; Catalytic Products International; Durr Systems, Inc.; and Evoqua Water Technologies LLC.

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https://www.grandviewresearch.com/industry-analysis/odor-control-system-market

Further key findings from the study suggest:

The activated carbon odor control system segment held the largest market share in 2019. The high share is attributed to high malodor removal efficiency and low power usage
The biological odor control system segment is projected to witness substantial growth over the forecast period owing to low maintenance cost associated with the technology
The chemical and petrochemical segment is estimated to witness a significant CAGR of over 7.5% during the forecast period owing to emission of toxic pollutants in the form of gas, which results in malodor in the surrounding
Asia Pacific held the largest revenue share exceeding 45.0% in 2019 and is anticipated to witness a CAGR of over 6.5% over the forecast period. This share is attributed to rapid industrialization and increasing demand for power and energy in the region.

Prosthetics And Orthotics Market Size Worth $13.3 Billion By 2027

The global prosthetics and orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Grand View Research, Inc., registering a 4.6% CAGR over the forecast period. Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.

Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics. For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050. The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.

Increasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent. Patients recovering from this surgery generally need orthopedic devices and prosthetics as a part of post-surgery treatment, which is slated to drive the market in the upcoming years. Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.

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https://www.grandviewresearch.com/industry-analysis/prosthetics-orthotics-market

Further key findings from the report suggest:

In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period. Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segment
By revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period. Increase in disposable income and supportive government initiatives will fuel the market growth in the coming years
Some of the key companies in the prosthetics and orthotics market are Ossur; Zimmer Biomet Holdings Inc.; Blatchford Inc.; Fillauer LLC; Ottobock Healthcare GmbH; The Ohio Willow Wood Company; and Ultraflex Systems Inc.

Medical Pendant Market Worth $639.2 Million By 2027

The global medical pendant market size is anticipated to reach USD 639.2 million by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Increasing number of healthcare professionals, clinics, and other healthcare facilities along with the technological advancements is anticipated to drive the market.

According to the Australian Government Department of Health, the number of doctors in Australia has increased from 85,491 in 2014 to 95,194 in 2017. In addition, as per the report by the Canadian Institute for Health Information, in 2018, there were around 89,911 physicians in Canada, representing around a 3.8% increase from 2017. Thus, an increasing number of healthcare professionals, clinics, and other healthcare facilities are expected to drive the market.

Technological advancements and innovations in medical pendants are anticipated to increase the demand for these systems during the forecast period. Medical pendants with various multi-faceted designs and ultra-flexible configurations are commercially available and are mainly focused on meeting specific healthcare requirements. For instance, in March 2017, Brandon Medical Co., Ltd. launched Mediclean (an UCV system), Medicontrol iTCP device, and Astralite AL10, surgical and examination light.

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

Further key findings from the report suggest:

Based on product, the fixed segment dominated the market in 2019 owing to its increasing adoption in surgeries, endoscopy, anesthesia, and intensive care unit (ICU)
ICU segment is growing at the highest CAGR owing to the increasing number of emergencies and accidents worldwide
Based on capacity, the low duty segment accounted for a significant market share in 2019. The introduction of new and aesthetic low duty pendants with increased functionality in addition to its economic cost has resulted in the growing demand for low duty pendants globally
The clinic segment is expected to witness the highest CAGR during the forecast period. Increasing adoption of medical pendants in surgeries, anesthesia, endoscopy, and other healthcare specialties, such as gynecology and obstetrics is anticipated to drive segment growth
North America dominated the medical pendant market with the highest revenue share in 2019 owing to the rising burden of critical diseases, robust healthcare facilities, and an increasing number of healthcare specialists
Few of the key players operating in the market are Elektra Hellas S.A, Starkstrom, Brandon Medical Co. Ltd, Skytron LLC, Surgiris, BeaconMedaes, MEDIMAXKOREA, Tedisel Medical, Ondal Medical Systems GmbH, and Megasan Medikal