Glaucoma Surgery Devices Market Size Worth $2.6 Billion By 2027

The global glaucoma surgery devices market size is estimated to reach USD 2.6 billion by 2027, registering a CAGR of 6.9%, according to a new report by Grand View Research, Inc. Growing geriatric population and high treatment cost of medications are some of the major factors driving the market. High prevalence of glaucoma in the population aged 45 and above, along with lifestyle diseases, including diabetes, is expected to foster the market growth over the forecast period.

Several initiatives undertaken by the government and NGOs in spreading awareness about glaucoma and its treatment procedures are expected to aid the demand for advanced surgical techniques. Additionally, shift in preference towards advanced minimally invasive surgical options is expected to have a positive impact on the market growth.

Frequent launches of advanced glaucoma surgical devices are expected to fuel the growth of the glaucoma surgery devices market during the forecast period. For instance, in June 2018, Glaukos announced FDA approval for its second generation MIGS device, called iStent inject. The device is uniquely designed to optimize the natural outflow of aqueous humor to yield better results. Additionally, voluntary withdrawal of Alcon MIGS product, Cypass from the market has offered an opportunity for the other market players to expand their market share.

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https://www.grandviewresearch.com/industry-analysis/glaucoma-surgery-devices-market

Further key findings from the report suggest:

By product, the laser system held the second-largest share in the market owing to factors such as accessibility and patient acceptability
Based on the surgery method, the traditional method such as trabeculectomy held the largest market share in 2019 owing to its success rate in IOP reduction and low treatment cost
The cyclophotocoagulation laser surgery segment is expected to expand at the fastest CAGR over the forecast period
On the basis of end user, ophthalmic clinics are expected to expand at the fastest CAGR over the forecast period
North America held the largest share in 2019 and is expected to expand at a healthy CAGR over the forecast period
Asia Pacific is expected to be the fastest-growing regional glaucoma surgery devices market over the forecast period due to large unmet needs, increasing healthcare expenditure, and rising awareness about the disease and its treatment procedures
Some of the prominent companies are Alcon, Inc.; Glaukos Corporation; Abbott Medical Optics; Allergan Plc.; ASICO; Carl Zeiss Meditec AG; Katalyst Surgical; Lumenis Ltd.; Ziemer Ophthalmic Systems AG; and Iridex Corporation.

X-ray Systems Market Size Worth $10.43 Billion By 2025

The global x-ray systems market size is expected to reach USD 10.43 billion by 2025, according to a new report by Grand View Research, Inc., registering a 2.9% CAGR during the forecast period. Rising investments in medical technology, increasing R&D activities, and a surge in product launches are key factors driving market growth.

Prominent modalities include radiography, fluoroscopy, and computed radiography. Computed radiography systems are the most preferred systems, as they provide sharp images in a shorter time. Moreover, the imaging plates can be reused. Fluoroscopy is also gaining prominence in developed countries such as the U.S. and Canada.

X-ray systems can be stationary or portable. Even the stationary systems dominated the market in 2017 in terms of revenue, the portable kind are poised to witness faster growth. Stationary radiography systems have significant demand in developing countries where adaption to new technology is slow. Portable systems are preferred over stationary variants due to their mobility, which makes them more convenient and flexible for use.

Some of the key players in this market are Koninklijke Philips N.V.; GE Healthcare; Hitachi, Ltd.; Shimadzu Corporation, Fujifilm Medical Systems; Siemens Healthineers; Canon Medical Systems Corporation; Carestream Health; Hologic, Inc.; and Biosign. Expansion of regional and service portfolios and mergers and acquisitions are some of the leading strategic undertakings adopted by these players. For instance, in December 2016, Hitachi acquired Kurt & Kurt, a medical diagnostic system provider, to expand its businesses in Turkey.

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https://www.grandviewresearch.com/industry-analysis/x-ray-systems-market

Further key findings from the report suggest:

The global X-ray systems market was valued at USD 8.3 billion in 2017 and is expected to at a modest pace over the forecast period
Based on type, digital systems are anticipated to grow at the fastest rate as analog systems fade out
By modality, the computed radiography segment was valued at USD 2.9 billion in 2017, emerging as the market leader. Fluoroscopy will register the fastest growth over the forecast period
While hospitals enjoy the dominant share on the basis of end use, the diagnostic centers segment is anticipated to register a CAGR of 3.6% from 2018 to 2025

Continuous Peripheral Nerve Block Catheters Market Worth $292.8 Million By 2025

The global continuous peripheral nerve block (cPNB) catheters market is expected to reach USD 292.8 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.2% during the forecast period. Growing orthopedic surgery volumes resulting from the rising prevalence of osteoarthritis and increasing preference for ambulatory surgical centers are the key growth stimulants for the cPNB catheters market. According to the Healthcare Cost and Utilization Project (HCUP), over 546,000 total hip arthroplasty and 789,500 total knee arthroplasty procedures were performed in the U.S. in 2014. Of these, almost 70.0% of hip replacement operations are performed to relieve symptoms of osteoarthritis. This shows the potential demand for these devices in the coming years.

The rate of ambulatory surgeries is escalating due to a growing number of ambulatory surgical centers (ASCs), shortened recovery time, and continued improvements in regional anesthesia techniques. Costs of surgeries in ASC settings are approximately 60.0% less in comparison to those performed in hospitals. The recent inclusion of ambulatory surgeries for reimbursement of knee replacement surgeries by the Centers for Medicare & Medicaid Services in the U.S., along with the inherent benefits of cPNB usage, is likely to boost the demand for these catheters in the coming years.

On the competitive front, the leading players in this space are Pajunk GmbH and B. Braun Melsungen AG. Companies with wider distributor reach, larger product portfolio, and advanced technologies are seen to lead the space. Some other key players are Teleflex, Halyard, and Vygon, which are projected to have a stronger market presence by 2025. Less prominent players trailing behind include Ace Medical, Temena, Epimed International, and others.

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https://www.grandviewresearch.com/industry-analysis/continuous-peripheral-nerve-block-cpnb-catheters-market

Further key findings from the study suggest:

The ultrasound segment, based on the insertion technique, held the dominant share of 48.2% owing to associated advantages including improved block quality, faster and longer block duration, and a reduced dose of local anesthetic
Lower extremity surgeries represented the most prominent position in the market due to the increasing number of hip and knee replacement surgeries involving the use of cPNB catheters
The ambulatory surgical centers segment is estimated to exhibit a noteworthy CAGR during the forecast period. This can be attributed to related benefits such as shorter waiting list, quick discharge, reduced overall procedural cost, and treatment of a higher number of patients
Hospitals held 58.5% of the cPNB catheters market
Europe is anticipated to register a CAGR of 6.4% during the forecast period owing to the high number of surgeries performed in this region, which involve cPNB usage to manage postoperative pain.

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.

Corneal Implants Market Worth $641.41 Million By 2027

The global corneal implants market size is anticipated to reach USD 641.41 million by 2027 registering a CAGR of 6.5%, according to a new report by Grand View Research, Inc. Rising prevalence of corneal diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the major factor driving the market growth.

The gap between demand and supply is also expected to boost the market growth in the long run. Various programs spreading awareness about the importance of corneal donation are also likely to support market growth. Moreover, many European countries are adopting “opt-out” policy for organ donation to meet the growing demand for corneal grafts.

Increasing number of R&D activities related to corneal implants is expected to foster the market growth over the forecast period. Bioengineered cornea, 3D printed cornea, and stem cells therapy are few of the topics gaining attention from the stakeholders.

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

Further key findings from the study suggest:

Based on type, human cornea segment held the largest market share in 2019 and is estimated to retain its dominant position throughout the forecast period
Lack of accessibility, shortage of human corneas, and rising number of graft rejection cases are factors expected to drive the segment growth
Based on end user, the hospital segment held the largest market share in 2019 and is expected to have a significant growth rate over the forecast period
North America holds the largest market share in the global market. U.S, is one of the major suppliers of corneal Implant globally
Asia pacific are expected to witness the fastest CAGR over the forecast period due to rising demand for corneal implants in countries, such as China, Indonesia, and Philippines
Endothelial keratoplasty segment is expected to register the fastest CAGR from 2020 to 2027 owing benefits, such as faster and better visual restoration with decreased risk of infection and accidents to the eye surface
Based on application, Fuchs Dystrophy segment held the largest market share in 2019 and is expected to register the fastest CAGR from 2020 to 2027
This growth can be attributed to the factors, such as rising adoption of minimally invasive surgical procedures and high prevalence of the disease

Gas Turbine Services Market Worth $55.1 Billion By 2027

The global gas turbine services market size is expected to reach USD 55.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.8% over the forecast period. Increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth. These systems are increasingly being used owing to its tremendous energy producing capacity and multiple fuel capability. They also have the capacity to operate continuously at base load for numerous hours. Furthermore, low operational cost and high efficiency and durability offered by these systems is expected to drive gas turbine service market growth.

Rapid industrialization and population growth have resulted in a high demand for power globally. The energy sector is shifting from conventional systems toward clean power sources resulting in an increase in gas turbines installations. Furthermore, key countries plan to enhance the deployment of gas-based power plants in the future. Major equipment manufacturers are also signing multiyear contracts during the installation of these plants.

The heavy duty segment dominated the global market in 2019 as these equipment offer cost-effective conversion of fuel to electricity and advanced systems provide improvement in terms of output and efficiency. Rise in new gas-based power plants for power generation has resulted in an increase in deployment of heavy-duty systems which are preferred due to their higher power generating capacity as compared to its counterparts. These systems also find application in chemical plants, refineries, and power utilities.

Maintenance and repair is projected to be the fastest-growing segment over the forecast period. Major vendors in the market are providing long-term service contracts to power plant owners which cover periodic and preventive maintenance under its scope. Long-term contracts are also considered as a more economical solution in the long term. Repairs solutions help eliminate steps and cost and increases the overall performance, thereby increasing the life-cycle of these systems. This is projected to drive the maintenance and repair segment in the coming years.

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https://www.grandviewresearch.com/industry-analysis/gas-turbine-services-market

Further key findings from the report suggest:

Asia Pacific held the largest gas turbine services market share in 2019 and is projected to register a CAGR of 13.5% from 2020 to 2027 on account of increasing demand for power from China, India, and Southeast Asian countries who are opting for cleaner sources of power generation for baseload supply
The heavy duty segment held a major market share in 2019 due to its application in the power generation sector
Spare parts supply was the largest service type segment in 2019 as the components of gas turbines have a limited lifespan after which it requires replacement
>200 MW emerged as the major contributing segment on the basis of capacity in 2019. The demand in this segment is primarily driven by an increase in power generation activities across the globe
Some of the significant industry participants are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Ltd., and Kawasaki Heavy Industries, Ltd. These companies focus on R&D in order to enhance their position in the market.

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.

Corrosion Inhibitors Market Size Worth $9.9 Billion By 2027

The global corrosion inhibitors market size is anticipated to reach USD 9.9 billion by 2027, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to increasing investments in oil and gas extraction and production activities in the developing economies across the globe.

Corrosion inhibitors are primarily consumed by the oil and gas industry as pipelines, petrochemical plants, and refineries face significant challenges due to erosion. The application of corrosion inhibitors mitigates deterioration in pipelines, gathering lines, transmission lines, flow lines, and wellbores. It also decreases the occurrence of pitting and costly rust failures for various industry players. Therefore, the application of these products significantly reduces the amount of investment spent on the prevention of rust. This factor has majorly driven the consumption of products across various end-use industries.

Different industries, such as oil and gas, power generation, pulp and paper, metal processing, chemical processing, face several challenges due to rust. This signifies the number of investments by end-use sectors for the prevention of industrial parts and equipment and to extend their life or durability. Furthermore, internal corrosion caused by aggravated microbial activity, water, hydrogen sulfide, or carbon dioxide has increased the need for products among oil and gas companies.

Saudi Arabia is one of the prominent crude oil producers in the world. Moreover, the GDP (PPP) of Saudi Arabia is USD 1.8 trillion, which makes it one of the top-performing economies in the Middle East. With the presence of some of the leading global players such as Saudi Aramco and some of the prominent producing fields such as Ghawar field, the country is expected to boost the consumption over the forecast period.

This is likely to result from the higher preference for oil-based products given their long-lasting protection results for parts or equipment exposed to severe environmental conditions. Furthermore, these are preferred over water-based ones owing to their heavy film and water-rejecting properties. However, water-based products are expected to gain a significant market share over the forecast period due to their conservative nature and favorable government regulations pertaining to their use.

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https://www.grandviewresearch.com/industry-analysis/corrosion-inhibitors-market

Further key findings from the report suggest:

In 2019, organic emerged as the prominent product segment owing to their broad utilization in the petroleum refining industry because of their ability to form a protective layer on the metal surface of transporting pipes
In 2019, oil-based emerged as the prominent type segment owing to the excellent performance of these corrosion inhibitors in high-velocity flow conditions and elevated pressure
In 2019, oil and gas emerged as the prominent end-use segment owing to a surge of serious internal corrosion problems in several refineries, pipelines, and petrochemical plants, along with mounting production.

MPD Services Market Size To Reach USD 5.06 Billion By 2024

The global managed pressure drilling (MPD) services market is expected to reach USD 5.06 billion by 2024, according to a new report by Grand View Research, Inc. Factors such as rising hydrocarbon production cost coupled with depleting extraction rates in conventional onshore wells have led to increasing offshore exploration activities. This is likely to have a significant impact on the managed pressure drilling market. The success of these extraction techniques in areas which were previously considered to be uneconomical has stimulated the market growth.

MPD techniques do not provide any surface return; this restricts the sampling sources for geologists. A significant amount of drill fluids required and variation in MPD techniques is likely to limit the market growth during the forecast period. Technological advancements along with coupling MPD techniques with horizontal drilling in tight formations is anticipated to create new avenues for industry participants in the near future.

Constant bottom hole pressure (CBHP) emerged as the leading technology segment and accounted for 43.3% of the global revenue in 2015. This technique facilitates better safety of the sites by controlling the pressure and detecting early fluid losses. Mud cap drilling (MCD) technique is likely to lose share to CBHP and dual gradient drilling (DGD) technologies owing to the high cost associated with this technology.

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http://www.grandviewresearch.com/industry-analysis/managed-pressure-drilling-mpd-services-market

Further key findings from the report suggest:

Onshore oilfields were the leading application segment and accounted for over 58% of the total industry revenue in 2015. Offshore operations are expected to witness the highest growth of 4.0% over the forecast period.
The U.S. offshore MPD services industry is estimated to witness the fastest growth over the next eight years to reach a net worth of USD 585 million by 2024. Significant development of offshore oil & gas wells in the Gulf of Mexico along with extremely complicated formations in the region is anticipated to drive managed pressure drilling services demand.
North America dominated the global demand accounting for 37.3% of total market revenue in 2015. Technological advancements along with deployment of advanced drilling techniques in complex formations such as tar sands, tight oil, etc. in the U.S. and Canada are key factors for high industry penetration in the region.
Africa is estimated to grow at a CAGR of 4.9% from 2016 to 2024 on account of increasing offshore activities in regions of Angola, and Mozambique. Algeria MDP services industry is estimated to reach a net worth of USD 110 million by 2024, at a CAGR of 5.4%.
Key market players include operating in the global managed pressure drilling services market include Archer Well services, Baker Hughes, Halliburton, Weatherford International, Schlumberger Limited.

Middle east drilling fluid market expected to grow at 5.3% CAGR from 2015 to 2022

Middle East drilling fluid market size was worth USD 1.45 billion in 2014 and is estimated to reach USD 2.19 billion by 2022. Growing exploration activities coupled with increasing number of E&P companies in Oman, UAE, Saudi Arabia and Qatar which are expected to improve the output of conventional oil & gas fields. Rising concern towards maintenance costs in deep water projects, and dipping downhole losses are expected to propel demand in the region over the next seven years.

Rising production of hydrocarbons due to increasing natural gas and crude oil demand in different industrial divisions including transportation and power is expected to propel growth over the forecast period. Drilling fluid market is expected to witness high demand owing to increasing rate of ultra-deep sea and deep sea explorations principally in the Red Sea and the Persian Gulf.

The requirement of high efficiency in order to extract various forms of hydrocarbons and technological advancements in rheology are expected to open new prospects for the industry players. However, geopolitical disturbance coupled with stringent policies concerning usage and disposal of oil-based fluids majorly in the Red Sea and the Persian Gulf regions is expected to hamper exploration activities over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/middle-east-drilling-fluid-market

In 2014, water based fluids contributed to over 46.0% of the overall revenue and emerged as a primary product segment. Rising concern towards biodegradation and toxicity of the products is expected to drive growth in the market over the next seven years.

The synthetic-based mud market is expected to witness high growth over the next seven years owing to properties including the ability to provide thermal stability, maximized rate of penetration, excellent wellbore stability, and lubricity. Cost effectiveness, reduced losses and reduced negative environmental impact of the product is expected to drive demand over the next seven years.

Use of drilling mud including aerated and foam fluids are projected to witness an average growth over the forecast period on account of its ability to remove and clear cutting from holes without any significant fluid loss from fractured rocks.

The Onshore Oil & Gas sector accounted for a significant share of over 70.0% of the overall market in 2014. Increasing need for the product as a lubricant and cooling agent in E&P equipment owing to harsh weather conditions such as extreme temperatures, dry environment, and desert topography is expected to propel demand over the forecast period.

Saudi Arabia emerged as the largest market in Middle East accounting for over 35.0% in 2014. Companies including Saudi Aramco have been investing increasingly in exploration activities owing to growing demand. Low impact of reduced oil prices on production levels of major manufacturers in the region is anticipated to fuel oil & gas market during the forecast period. Iraq and Kuwait are expected to be prospective markets for oil & gas projects.

The increase in working rig counts to meet projects of national interest in countries such as Iran, UAE, and Saudi Arabia are expected to drive demand in the market. Growing concern regarding extreme temperature operating conditions, well blowout and wellbore stability is anticipated to fuel drilling fluid demand from offshore and onshore production sites in the region over the next seven years.

Key companies in the region include Newpark Resources, Baker Hughes, Petrochem Performance Chemicals, Diamoco Group, Schlumberger, Halliburton, Oren Hydrocarbons, Weatherford and Catalyst LLC.