Integrated Systems Market Is Expected To Reach USD 24.02 Billion by 2020

The global integrated systems market is expected to reach USD 24.02 billion by 2020, according to a new study by Grand View Research, Inc. Accelerated business demands and intricate nature of IT challenges is anticipated to drive the global integrated systems market demand over the forecast period. The IT industry is highly dynamic in nature and characterized by technological advancements and innovation. Every few years the industry experiences tectonic shifts that re-shape IT. Shift in trend from mainframes to client/server to internet computing has altered the way end-users build, purchase, consume, and deliver technology.

In recent times, the integrated systems market has witnessed significant shift, which may be attributed to emergence of mobility, big data, social networking and cloud computing. Smartphone proliferation has also impacted the IT industry, with the advent of the BYOD phenomenon, and provides several market growth opportunities. However, factors such as high deployment cost may pose a challenge to market growth. Besides perceived complexity with regards to installation of converged infrastructure solutions, they are viewed as an expensive but necessary spending.

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Further key findings from the study suggest:

The integrated infrastructure segment is poised for high growth over the next six years, which may be attributed to strong revenue growth posted by a few key industry players such as VCE, Cisco, etc.
Integration and installation segment accounted for substantial market share in 2013, and is expected to witness high growth. Legacy data center infrastructure has several shortcomings that fail to meet modern data center demand, and has resulted in rise in integrated systems deployment. Further, integrated systems provide the ability to replace aging systems and platforms, thereby combining multiple systems into one platform.
BFSI accounted for majority of the integrated systems market in 2013, owing to high market penetration and early adoption. Integrated systems installation enables the BFSI sector support growth, expand network and offer new services to their customers. It also plays a key role in reducing cost, space and power consumption significantly.
North America captured a sizeable amount of the integrated systems market, which can be primarily attributed to technological advancements and high market penetration. In addition, the need to achieve agility and efficiency in enterprises may also catapult the regional market demand over the forecast period.
Key integrated systems market players such as Oracle Corporation, Cisco Systems, VCE, Hewlett-Packard and IBM focus on collaborations as it helps in technology exchange, joint sales and marketing efforts, new market creation and new product development.

Vehicle Electrification Market Size Worth $125.12 Billion By 2025

The global vehicle electrification market is anticipated to reach USD 125.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for electrification in transport automobiles is increasing owing to social influence and acceptability to shift in favor of electrification via lowered usage of petroleum to energy-efficient vehicles. Moreover, regional legislation policies and regulatory efforts globally on strengthening CO2 emissions standard have been immensely contributing to the growth of the market.

Integrated Starter Generator (ISG) product is expected to gain traction over the forecast period. The application of ISG in the vehicles helps the engine to instant and silently restart after the idle or traffic stop when the engines shut down to reduce emission and save fuel. ISG achieves vibration and noise-reduced operation improving the automobile comfort for the user. Further, ISG optimizes the electric energy by reducing the load of the engine which further drives the content of an electronic solution in the vehicle. The integrated starter generator in the automobile has significant influence to start the engine under extremely low-temperature conditions.

The demand for integrated started generator product type was valued at USD 4.97 billion in 2016 and is expected to reach over USD 11.16 billion by 2025.

The internal combustion engine (ICE) & micro-hybrid vehicle is one of the largest segment in hybridization type. The growth of ICE & micro-hybrid automobiles is attributed to mechanical integration which yields significant fuel economy when it is idle in traffic or at a signal. Moreover, to meet the growing environmental challenges which are posed by several emission legislations automakers have developed various eco-solutions in the conventional ICE.

Increasing user demand for eco-friendly solutions and stringent emission regulations are a few key factors that are expected to impact the growth of internal combustion engine & micro-hybrid vehicles in the market over the forecast period. The internal combustion engine & micro-hybrid vehicle segment is anticipated to grow at a CAGR of 7.8% from 2017 to 2025.

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https://www.grandviewresearch.com/industry-analysis/vehicle-electrification-market

Further key findings from the study suggest:

The global vehicle electrification market accounted for USD 58.92 billion in 2016 and is expected to grow at a CAGR of 9.1% from 2017 to 2025
Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle emerged as the largest segment in 2016 and is estimated to generate revenue of over USD 70.68 billion by 2025.
The BEV hybridization segment is anticipated to witness moderate growth over the next eight years.
The electric vacuum pump within the product segment is estimated to reach over USD 17.75 billion by 2025
The Asia Pacific market is projected to witness substantial growth over the next decade owing to the growing adoption of vehicle electrification methods among the automobile sector on a large scale. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025.
Key players include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Electric, and Mitsubishi Electric Corporation, accounting for a majority share of the overall market in 2016

Fluid Management & Visualization Systems Market Worth $12.5 Billion By 2027

The global fluid management and visualization systems market size is expected to reach USD 12.5 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% from 2020 to 2027.

The fluid management and visualization systems significantly enhance procedural effectiveness. Postoperative and perioperative fluid management has a significant impact on patient outcomes and plays a pivotal role in enhanced recovery pathways (ERPs). Moreover, fluid management and visualization leads to a decrease in complications and a decrease in length of stay (LOS). Thus, preoperative and postoperative fluid management and visualization is as critical as intraoperative management as it offers multiple associated benefits to the patients.

Increase in the minimally invasive and ambulatory procedures involving large volumes of liquids adds stress and inefficiency in the OR. This, in turn, facilitates the adoption of fluid management and visualization systems in the medical settings. According to the study by researchers at the University of Michigan, January 2020, the use of robotic surgery for all general surgery procedures increased from 1.8% in 2012 to 15.1% in 2018.

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https://www.grandviewresearch.com/industry-analysis/fluid-management-visualization-systems-market

Further key findings from the report suggest:

North America accounted for the largest revenue share in 2019 owing to well-established healthcare infrastructure, significant investment by market players for novel product development, and increasing prevalence of gynecology, urology, and cardiac conditions
By product, the accessories segment dominated the market in 2019 as these products need to be disposed after single use, thus preventing infections and assuring patient safety
In terms of application, the urology segment dominated the market in 2019 due to increasing cases of kidney stones and prostate and bladder problems
Based on end use, the hospitals segment accounted for the largest market share in 2019 as they conduct larger number of surgical procedures with the availability of novel automated fluid management and visualization systems
Market players are adopting several strategies such as significant investment in research and development, product innovation via acquisitions and collaborations, and geographical expansion in developing countries to gain a significant share in the global market.

Medical Devices Reimbursement Market Worth $1169.8 Billion By 2027

The global medical devices reimbursement market size is expected to reach USD 1169.8 billion by 2027, expanding at a CAGR of 10.4%, according to a new report by Grand View Research, Inc. The rising number of regulatory reforms and increasing efforts of healthcare providers to reduce costs and improve the quality of medical equipment are anticipated to propel the market growth. Medical device reimbursement is defined as the payment, a third-party private or public insurer pays to a healthcare provider for the cost incurred while using healthcare equipment.

The major factors fueling market growth are growing dependence on remuneration, increasing prevalence of chronic diseases, and growing preventive care. Rising focus on early diagnostics and preventive care may in turn lead to higher activity within the diagnostic device industry, thus promoting more remuneration share from them. For instance, a fundamental paradigm shift towards incentivizing early diagnosis through remuneration is noticed across developed economies, such as screening for breast cancer.

With the increasing demand for healthcare equipment, the remuneration services are expected to provide various opportunities for healthcare industries to poach upon. Additionally, an increasing number of people pursuing insurance and consolidation of the healthcare system are the major factors fueling the market.

North America held the highest revenue share of about 50.0% in the market in 2019 and is expected to maintain its dominance over the forecast period. Increasing adoption of healthcare devices reimbursement and raising awareness with regards to cost implications are expected to drive the market in the region. In addition, rising demand for healthcare equipment and an increasing number of healthcare centers is expected to drive the market in this region. With increasing chronic diseases, the demand for healthcare equipment is also increasing. As per the National Health Council Report, around 157.0 million people will suffer from multiple chronic conditions until 2020. Due to these reasons, the market is expected to show significant growth over the forecast period.

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

Further Key Findings From the Study Suggest:

The private player segment dominated the market with a share of 64.7% in 2019 due to the presence of a large number of private players
The hospitals segment dominated the market with a share of 49.6% over the forecast period due to recent technological developments and high patient footfall requiring the use of healthcare equipment
North America is expected to dominate the market over the forecast period owing to strong reimbursement framework
The market in Asia Pacific is projected to witness rapid growth during the forecast period owing to rising penetration of insurance services in rural and urban areas.

Gynecological Devices Market Size Worth $17.55 Billion By 2026

The global gynecological devices market size is projected to reach USD billion 17.55 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.8% during the forecast period. Growing female population, increasing awareness levels pertaining to benefits of early diagnosis, and available treatments are anticipated to stoke the growth of the market.

Rising prevalence of sexually transmitted diseases is translating into greater demand for gynecological treatments. Prevalence of these diseases was observed to be higher in people aged between 15-24 years. For instance, according to the Centre for Disease Control and Prevention (CDC), around 45.0% of the patients in the U.S. with Chlamydia were aged between 20 and 24 years.

Moreover, rising adoption of gynecological procedures is estimated to boost usage rates over the forecast period. The percent of C-section deliveries was 32.2% as compared to number of vaginal deliveries. Upswing in the number of these procedures owing to growing population, increasing awareness, and rising disposable income is expected to drive the gynecological devices market.

Early disease detection is imperative in devising treatment schedules. Pertinent government and regulatory agencies in congruency with aforementioned factors are now focusing majorly on improving patient awareness levels.

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https://www.grandviewresearch.com/industry-analysis/gynecological-device-market

Further Key Findings from the Report Suggest:

Surgical devices accounted for the largest market share in 2018. High cost of surgical devices and recurring purchase of disposable products are contributing to the growth of the segment
Endoscopy devices were the leading revenue contributing sub-segment in 2018. Availability of user-friendly, portable, and affordable products is likely to escalate the growth of the segment during the forecast period
North America was the largest regional market in 2018. Presence of a well-established healthcare infrastructure, high adoption rate of advanced technology, and large number of skilled professionals are supplementing the growth of the market in the region
Asia Pacific is poised to register a significant CAGR during the forecast period. Rapid surge in procedure volumes, as a result of booming medical tourism industry, has been augmenting the regional market
Some of the key players in the gynecological devices market are Ethicon, Inc.; Karl StorzGmbH & Co. KG; Hologic, Inc.; Boston Scientific Corporation; Stryker Corporation; Olympus Corporation; Richard Wolf GmbH; Medtronic Plc; and CooperSurgical, Inc.

3D Bioprinting Market Size Worth $4.2 Billion By 2027

The global 3D bioprinting market size is expected to reach USD 4.2 billion by 2027, expanding at a CAGR of 17.4%, according to a new report by Grand View Research, Inc. Rising prevalence of COVID-19 cases and increasing prevalence of chronic diseases are some of the major factors contributing towards market growth.

The COVID-19 epidemic is ever increasing since it was first identified in China in December 2019. Until May 26, 2020, more than 4.8 million cases of COVID-19 were reported globally, with more than 318,465 deaths, across 185 countries and territories including all 50 states of the United States. This pandemic has fast tracked the development of vaccine and drug testing, as scientists are using newer technologies to enable safety testing in people soon after preclinical phase is completed.

In the meantime, various 3D bioprinting companies are focused on research and development of artificial tissues. With the help of U-FAB, and other bioprinting technologies, CLECELL company has created respiratory epithelium artificial tissue which will help to prevent infection and tissue injury through the use of the mucociliary elevator. This pandemic has not only affected the well-being of people, but has also affected the economy, and various other healthcare infrastructures worldwide. This has severely disrupted the medical devices and pharmaceutical supply chains across the world. In such critical situation, various 3D bioprinting companies have created a global movement to supply emergency medical equipment such as ventilators, and personal protection equipment (PPE), to the healthcare workers.

North America held the highest share of the market, accounting for about 33.1% of the market share in 2019. Increasing adoption of 3D bioprinting for the production of medical products is expected to be one of the major factors contributing to market growth in this region. Whereas, Asia Pacific is anticipated to witness increased technological development in pharmaceutical and biopharmaceutical sector.

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https://www.grandviewresearch.com/industry-analysis/3d-bioprinting-market

Further key findings from the report suggest:

The medical segment dominated the market with a share of 21.1% in 2019 due to the increasing investment made in R&D
The magnetic levitation segment is anticipated to witness the highest CAGR of 8.9% over the forecast period due to technological development, and increasing adoption of magnetic levitation technique by various innovators
North America dominated the market in 2019. Growing government expenditure on healthcare industry is one of the major factors driving the market in this region
Few of the key market players include 3D Systems; Organovo; CELLINK; Envision TEC; Materialise NV; Bio3D Technologies; Oceanz 3D printing & Additive Manufacturing; Solidscape; Stratasys Ltd.; and Voxeljet.

Rainscreen Cladding Market Size Worth $183.3 Billion By 2025

The global rainscreen cladding market size is expected to reach USD 183.3 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Growth in construction spending in developing economies of Asia Pacific, resulting from population expansion and strong industrial development, is expected to drive the market.

Increasing urban population has led to the inadequacy of affordable housing, surge in road traffic, and inadequate water and sanitation services. Middle East and Africa, in particular, is transitioning from lack of infrastructure to a phase of infrastructural development, which is expected to fuel demand for rainscreen cladding.

The market is characterized by developments in technology to produce advanced products used in construction and other industrial applications. In addition, the low environmental impact of the product owing to low emission of volatile organic compounds (VOCs) is likely to drive product demand over the coming years.

Players in the industry are involved in mergers and acquisitions, contracts, agreements, and joint ventures in order to strengthen their position in the industry. However, high installation and maintenance cost associated with the product is anticipated to hamper demand over the projected period.

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https://www.grandviewresearch.com/industry-analysis/rainscreen-cladding-market

Further key findings from the report suggest:

The terracotta rainscreen cladding market accounted for 35.2% of the overall revenue in 2018 on account of its increasing application for creation of panel designs in combination with other materials such as glass, stone surfaces, and paints
Demand for high-pressure laminates is expected to witness growth in terms of revenue at a CAGR of 7.4% from 2019 to 2025 owing to their attributes such as high durability, impact resistance, and availability in attractive colors and textures
Product consumption in the construction of offices is projected to reach USD 60.75 billion by 2025 on account of rising employment rate, coupled with regional expansion of existing companies, resulting in greater demand for office spaces
Asia Pacific accounted for 25.5% of the global revenue in 2018 owing to an expanding construction industry in the region, which can be attributed to massive investments for development of public infrastructure by governments across numerous countries
Major players in the industry are focusing on research and development activities for reducing operational costs, maximizing the efficiency of production, storage, and transportation facilities, and enhancing the quality of products to sustain the competition.